KopiKit personal page - To The Moon

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2021-09-14

$Zoom(ZM)$People holding $Zoom(ZM)$how are you feeling with the current price and downward momentum? What do you plan to do with your holdings given the current scenario?For those who aren't holding Zoom, are you planning to buy?

2021-07-09

Good to own

TSMC’s Second-Quarter Revenue Jumps 20% on Chip Demand

2021-07-06

Damn, things are getting worse for didi

Sorry, the original content has been removed

2021-06-25

I'd invest in both Microsoft and Apple

Microsoft closes above $2 trillion market cap for the first time

2021-06-25

Good. Drive up the price please

Starbucks CEO says business is rebounding in markets where vaccinations are up

2021-06-25

Will this drive the price and value up?

Bitcoin to become legal tender in El Salvador on Sept 7

2021-06-24

Woohoo Genting!

Sorry, the original content has been removed

2021-06-24

The future is EV?

Lucid Motors Tops 10,000 Reservations, Accelerates Manufacturing Plan Thanks to Strong Demand

2021-06-24

IBM? Really?

This Bull Is Far From Over: 3 Undervalued Blue Chip Dividend Buys

2021-06-24

Saving up to load on some $Tesla Motors(TSLA)$

Tesla: A Lesson In Humility

2021-06-23

Still tempting to me!

Sorry, the original content has been removed

2021-06-23

What's your opinion on Dingdong?

SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO

2021-06-23

Haha hope to be one, one day!

Singapore’s Millionaires Count Expected to Surge 62% by 2025

2021-06-23

AMD or NVIDIA?

Got $1,000? Buy These Hot Growth Stocks Before They Take Off

2021-06-23

Great!

Tech leads way to Wall Street rebound as Powell promises steady hand

2021-06-22

bullish on Square

Square: Winner Takes Most

2021-06-22

Ok

Where Will Amazon Stock Be In 10 Years? Probably Lower Than You Think

2021-06-22

Wow

ByteDance Founder Donates $77 Million to Education Fund

2021-06-22

Who here likes Disney?

Will Disney Stock Split This Year?

2021-06-21

Wow!! This will spook some investors/traders

Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing

Go to Tiger App to see more news

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What do you plan to do with your holdings given the current scenario?For those who aren't holding Zoom, are you planning to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882082116","isVote":1,"tweetType":1,"viewCount":823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141077413,"gmtCreate":1625829424932,"gmtModify":1703749390133,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Good to own","listText":"Good to own","text":"Good to own","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141077413","repostId":"2150320002","repostType":4,"repost":{"id":"2150320002","pubTimestamp":1625809244,"share":"https://ttm.financial/m/news/2150320002?lang=&edition=fundamental","pubTime":"2021-07-09 13:40","market":"us","language":"en","title":"TSMC’s Second-Quarter Revenue Jumps 20% on Chip Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2150320002","media":"Bloomberg","summary":"(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported a 20% jump in quarterly sales, as the","content":"<p>(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported a 20% jump in quarterly sales, as the company raced to meet demand for chips from the automotive and other industries.</p>\n<p>Sales for the quarter ended in June came in at NT$372.1 billion ($13.3 billion), in line with the average analyst estimate of NT$371.3 billion. Revenue for June was NT$148.5 billion, up 23% from a year ago.</p>\n<p>“TSMC’s better pricing power on the back of the capacity tightness should largely offset the margin pressure it is seeing from the massive capex spending. Meanwhile, TSMC’s technology/productivity breakthrough in EUV should enlarge its technology gap with peers and insure a better cost structure for leading edge technology nodes,” Citi analysts Roland Shu and Grant Chi wrote in a recent note.</p>\n<p>Earlier this week, Daimler AG and Jaguar Land Rover warned that sales will be further curtailed by the persistent chip shortage, with the latter saying deliveries in the second quarter will be 50% worse than initially thought. United Microelectronics Corp., a smaller rival to TSMC, said Wednesday that chip demand could continue to outpace supply until 2023.</p>","source":"yahoofinance","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>TSMC’s Second-Quarter Revenue Jumps 20% on Chip Demand</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\">\nTSMC’s Second-Quarter Revenue Jumps 20% on Chip Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 13:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tsmc-second-quarter-revenue-jumps-054044016.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported a 20% jump in quarterly sales, as the company raced to meet demand for chips from the automotive and other industries.\nSales for the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tsmc-second-quarter-revenue-jumps-054044016.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UMC":"联电"},"source_url":"https://finance.yahoo.com/news/tsmc-second-quarter-revenue-jumps-054044016.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2150320002","content_text":"(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported a 20% jump in quarterly sales, as the company raced to meet demand for chips from the automotive and other industries.\nSales for the quarter ended in June came in at NT$372.1 billion ($13.3 billion), in line with the average analyst estimate of NT$371.3 billion. Revenue for June was NT$148.5 billion, up 23% from a year ago.\n“TSMC’s better pricing power on the back of the capacity tightness should largely offset the margin pressure it is seeing from the massive capex spending. Meanwhile, TSMC’s technology/productivity breakthrough in EUV should enlarge its technology gap with peers and insure a better cost structure for leading edge technology nodes,” Citi analysts Roland Shu and Grant Chi wrote in a recent note.\nEarlier this week, Daimler AG and Jaguar Land Rover warned that sales will be further curtailed by the persistent chip shortage, with the latter saying deliveries in the second quarter will be 50% worse than initially thought. United Microelectronics Corp., a smaller rival to TSMC, said Wednesday that chip demand could continue to outpace supply until 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157904856,"gmtCreate":1625558758975,"gmtModify":1703743669857,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Damn, things are getting worse for didi","listText":"Damn, things are getting worse for didi","text":"Damn, things are getting worse for didi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157904856","repostId":"1145795655","repostType":4,"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122070321,"gmtCreate":1624590261563,"gmtModify":1703841166116,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"I'd invest in both Microsoft and Apple","listText":"I'd invest in both Microsoft and Apple","text":"I'd invest in both Microsoft and Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122070321","repostId":"1193737129","repostType":4,"repost":{"id":"1193737129","pubTimestamp":1624581188,"share":"https://ttm.financial/m/news/1193737129?lang=&edition=fundamental","pubTime":"2021-06-25 08:33","market":"us","language":"en","title":"Microsoft closes above $2 trillion market cap for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1193737129","media":"CNBC","summary":"Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.","content":"<div>\n<p>Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.m. ET on Tuesday, June 22, but dipped below that mark again before ending Thursday's trading session...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft closes above $2 trillion market cap for the first time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft closes above $2 trillion market cap for the first time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.m. ET on Tuesday, June 22, but dipped below that mark again before ending Thursday's trading session...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html\">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","AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1193737129","content_text":"Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.m. ET on Tuesday, June 22, but dipped below that mark again before ending Thursday's trading session at $266.69 per share. The milestone follows the company's unveiling ofWindows 11, its first new version of the flagship operating system in more than five years, on Thursday morning.\nMicrosoft's value has doubled in two years' time, bolstered by demand for products such as the Teams chat app that kept organizations functioning during the coronavirus pandemic.\nThe appreciation of the company's stock price reflects a rejuvenated company, one that has looked beyond its dominant Windows operating system and found growth in cloud computing and acquisitions.\nMicrosoft stock has grown more than 600% since Satya Nadella replaced Steve Ballmer as the company's CEO in 2014. (During Ballmer's 14-year tenure as CEO, the company's stock fell 32%.) One of Nadella's first moves was to reveal that Office applications like Word and Excel were coming toApple's iOS andGoogle's Android, rather than restricting those apps to smartphones that ran Windows. A year later, when Windows 10 came out, it was a free update, unlike Windows 7 and Windows 8.\nNadella had run the division that includes Microsoft's Azure public cloud immediately before taking the CEO job, and it shows. In his years as CEO he has made public appearances to talk about uses of Azure at prominent customers such as the National Basketball Association, Volkswagen and Walgreens. Azure is on track to becomeMicrosoft's largest business.\nMicrosoft under Nadella has become gentler and more open to working with rivals where it makes sense. It improved relations with rivals such as Red Hat and Salesforce, and it has added the open-source Linux operating system, once seen as a threat to Windows, directly into Windows. On Thursday, the company announced Windows 11 will support apps that run Google's Android operating system, and Nadella spent the end of the company's presentation portraying Microsoft as afriendlier option for software developersthan Apple.\nThese days, venture investorBen Horowitz has said, Microsoft is a great company for start-ups to partner with, rather than an entity to be feared.\nNadella's Microsoft has managed to largely avoid antitrust scrutiny despite its past, which includes a landmark antitrust case brought by the U.S. Justice Department in 1998. Meanwhile,Amazon, Apple,Facebookand Google have all faced pressure from regulators during the Nadella years. However, team communication app makerSlackdid file an antitrust complaint in Europe last year after Microsoft introduced Teams and released it to clients that subscribe to the Office 365 bundle.\nMore recently, the top Republican on the House Judiciary Committee, Ohio's Jim Jordan, sent a letter to Microsoft President Brad Smithsuggestingthat it might be covered by parts of five proposed antitrust bills making their way through committee.\nMicrosoft has spent more than $45 billion acquiring companies on Nadella's watch, including business social network LinkedIn, video game developers Mojang and Zenimax, and the code-storage service GitHub. Microsoft has largely left them to operate independently and grow. In April the companysaidit had agreed to acquire speech-recognition company Nuance for $19.7 billion, inclusive of equity and debt.\nNadella's deal track record has been more successful than that of his predecessor, whoseaQuantive and Nokiaacquisitions resulted in write-downs. Mojang's Minecraft game, by contrast, has become thebest-selling gamein history, and LinkedIn's quarterly revenue has nearly tripled.\nMicrosoft was among the first companies to exceed a $1 trillion valuation when ithit that milestonein April 2019. Not long before that, Microsoft had reclaimed the title ofmost valuable public company, although today it's held byApple.\nAmazon and Google's parent company,Alphabet, are both worth more than $1 trillion, as is oil company Saudi Aramco.","news_type":1},"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122044652,"gmtCreate":1624590216076,"gmtModify":1703841163644,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Good. Drive up the price please","listText":"Good. Drive up the price please","text":"Good. Drive up the price please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122044652","repostId":"1153401899","repostType":4,"repost":{"id":"1153401899","pubTimestamp":1624587306,"share":"https://ttm.financial/m/news/1153401899?lang=&edition=fundamental","pubTime":"2021-06-25 10:15","market":"us","language":"en","title":"Starbucks CEO says business is rebounding in markets where vaccinations are up","url":"https://stock-news.laohu8.com/highlight/detail?id=1153401899","media":"CNBC","summary":"Starbucks is seeing big upticks in business in places where vaccinations are on the rise, CEO Kevin ","content":"<div>\n<p>Starbucks is seeing big upticks in business in places where vaccinations are on the rise, CEO Kevin Johnson said Thursday.\n\"Consumer mobility shot through the roof and ... we started seeing traffic ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/starbucks-ceo-sees-rebound-in-markets-where-vaccinations-are-up.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Starbucks CEO says business is rebounding in markets where vaccinations are up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStarbucks CEO says business is rebounding in markets where vaccinations are up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/starbucks-ceo-sees-rebound-in-markets-where-vaccinations-are-up.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Starbucks is seeing big upticks in business in places where vaccinations are on the rise, CEO Kevin Johnson said Thursday.\n\"Consumer mobility shot through the roof and ... we started seeing traffic ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/starbucks-ceo-sees-rebound-in-markets-where-vaccinations-are-up.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克"},"source_url":"https://www.cnbc.com/2021/06/24/starbucks-ceo-sees-rebound-in-markets-where-vaccinations-are-up.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153401899","content_text":"Starbucks is seeing big upticks in business in places where vaccinations are on the rise, CEO Kevin Johnson said Thursday.\n\"Consumer mobility shot through the roof and ... we started seeing traffic increasing in our stores,\" Johnson told CNBC's Jim Cramer in a \"Mad Money\" interview. He also said that Starbucks' same-store sales are surpassing pre-pandemic levels in regions where consumers are being vaccinated.\nThe relation between higher business activity and increasing vaccination rates is simple, Johnson said. The company found that when at least 35% or more of adults were vaccinated against the virus in a market, governments begin easing Covid restrictions, making way for business to rebound.\nJohnson added the U.S. is acting as a bellwether for global markets as countries inoculate citizens against Covid-19 and roll back health restrictions.\n\"We now see that happening in Mexico, we're starting to see that happen in Europe,\" he added. \"Every market around the world is going to see exactly what the United States has experienced here over the last 90 days.\"\nSeattle-based Starbucks has a presence in 80 countries and draws the majority of its revenues in the U.S.","news_type":1},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122042235,"gmtCreate":1624590131327,"gmtModify":1703841162027,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Will this drive the price and value&nbsp;up?","listText":"Will this drive the price and value&nbsp;up?","text":"Will this drive the price and value up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122042235","repostId":"2146021046","repostType":4,"repost":{"id":"2146021046","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624589404,"share":"https://ttm.financial/m/news/2146021046?lang=&edition=fundamental","pubTime":"2021-06-25 10:50","market":"fut","language":"en","title":"Bitcoin to become legal tender in El Salvador on Sept 7","url":"https://stock-news.laohu8.com/highlight/detail?id=2146021046","media":"Reuters","summary":"SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on","content":"<p>SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.</p>\n<p>El Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.</p>\n<p>\"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars,\" said Bukele.</p>\n<p>Salaries and pensions will continue to be paid in U.S. dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.</p>\n<p>Earlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.</p>\n<p>According to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.</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>Bitcoin to become legal tender in El Salvador on Sept 7</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin to become legal tender in El Salvador on Sept 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-25 10:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.</p>\n<p>El Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.</p>\n<p>\"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars,\" said Bukele.</p>\n<p>Salaries and pensions will continue to be paid in U.S. dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.</p>\n<p>Earlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.</p>\n<p>According to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146021046","content_text":"SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.\nEl Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.\n\"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars,\" said Bukele.\nSalaries and pensions will continue to be paid in U.S. dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.\nEarlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.\nAccording to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.","news_type":1},"isVote":1,"tweetType":1,"viewCount":468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128838215,"gmtCreate":1624509556437,"gmtModify":1703838802306,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Woohoo Genting!","listText":"Woohoo Genting!","text":"Woohoo Genting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128838215","repostId":"1135246082","repostType":4,"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128833351,"gmtCreate":1624509468473,"gmtModify":1703838799011,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"The future is EV?","listText":"The future is EV?","text":"The future is EV?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128833351","repostId":"2145097284","repostType":4,"repost":{"id":"2145097284","pubTimestamp":1624499520,"share":"https://ttm.financial/m/news/2145097284?lang=&edition=fundamental","pubTime":"2021-06-24 09:52","market":"us","language":"en","title":"Lucid Motors Tops 10,000 Reservations, Accelerates Manufacturing Plan Thanks to Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145097284","media":"Motley Fool","summary":"The nascent EV start-up enters the final stretch before launching the Air sedan.","content":"<p>The marketing blitz seems to be working. Over the past several months after announcing that it will merge with special purpose acquisition company (SPAC) <b><a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a> IV </b>(NYSE:CCIV), electric vehicle (EV) start-up Lucid Motors has been opening more studios around the U.S. while also ramping up advertising campaigns to raise brand awareness. Lucid even cleverly bought&nbsp;an ad spot during Elon Musk's appearance on <i>Saturday Night Live</i> last month, knowing that the <b>Tesla </b>CEO would attract a receptive audience.</p>\n<p>Lucid is heading in the final stretch before both entering production as well as closing its de-SPAC transaction with Churchill Capital IV. The company has now added over 2,500 reservations in four months.</p>\n<h2>10,000 and counting</h2>\n<p>When Lucid announced the merger, it had approximately 7,500 reservations for its Lucid Air sedan. The company provided investors with a handful of updates&nbsp;this week as it opens a new flagship store in New York City. Among the more pertinent updates was that Air reservations have now topped 10,000.</p>\n<p>Here's a timeline of Lucid's disclosures regarding reservations, which includes all trims.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Date</p></th>\n   <th><p>Total Reservations</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td width=\"312\"><p>Feb. 19</p></td>\n   <td width=\"312\"><p>7,500</p></td>\n  </tr>\n  <tr>\n   <td width=\"312\"><p>Feb. 28</p></td>\n   <td width=\"312\"><p>8,000</p></td>\n  </tr>\n  <tr>\n   <td width=\"312\"><p>May 13</p></td>\n   <td width=\"312\"><p>9,000</p></td>\n  </tr>\n  <tr>\n   <td width=\"312\"><p>Jun. 22</p></td>\n   <td width=\"312\"><p>10,000</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Lucid Motors and SEC filings.</p>\n<p>Additionally, Lucid says that it has now completed all of its preproduction builds and has started producing quality validation builds. In a follow-up interview&nbsp;with CNBC, CEO Peter Rawlinson noted that those units will be delivered to customers once the quality is confirmed to meet Lucid's rigorous standards. The chief executive called the milestone \"a big step forward\" toward launching the Air.</p>\n<p>In fact, Lucid has even decided to accelerate some of its plans due to robust demand. The company is accelerating around $350 million of planned capital expenditures that will be used to expand manufacturing capacity at its Arizona factory. That budget is being pulled forward from future periods into 2021 through 2023, translating into 6% to 7% more capital spending during 2021 through 2026, according to Lucid.</p>\n<p>The money will be used to combine the next two phases of the factory expansion into \"<a href=\"https://laohu8.com/S/AONE\">one</a> expedited phase,\" implementing a general assembly line for the Gravity SUV that is in the pipeline. As a reminder, Lucid already completed Phase 1, which has capacity of approximately 34,000 units per year. The new plan will provide an additional 2.7 million square feet of manufacturing space, which will facilitate up to 53,000 Air units per year by 2023.</p>\n<p>The Gravity SUV is mostly on schedule, but Lucid expects to release the vehicle near the end of its projected timeline in the second half of 2023. The company reiterated its delivery outlook&nbsp;for 2023 and 2024, which calls for 49,000 units and 90,000 units, respectively.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lucid Motors Tops 10,000 Reservations, Accelerates Manufacturing Plan Thanks to Strong Demand</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\">\nLucid Motors Tops 10,000 Reservations, Accelerates Manufacturing Plan Thanks to Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/23/lucid-motors-tops-10000-reservations-accelerates-m/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The marketing blitz seems to be working. Over the past several months after announcing that it will merge with special purpose acquisition company (SPAC) Churchill Capital IV (NYSE:CCIV), electric ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/23/lucid-motors-tops-10000-reservations-accelerates-m/\">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.fool.com/investing/2021/06/23/lucid-motors-tops-10000-reservations-accelerates-m/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145097284","content_text":"The marketing blitz seems to be working. Over the past several months after announcing that it will merge with special purpose acquisition company (SPAC) Churchill Capital IV (NYSE:CCIV), electric vehicle (EV) start-up Lucid Motors has been opening more studios around the U.S. while also ramping up advertising campaigns to raise brand awareness. Lucid even cleverly bought an ad spot during Elon Musk's appearance on Saturday Night Live last month, knowing that the Tesla CEO would attract a receptive audience.\nLucid is heading in the final stretch before both entering production as well as closing its de-SPAC transaction with Churchill Capital IV. The company has now added over 2,500 reservations in four months.\n10,000 and counting\nWhen Lucid announced the merger, it had approximately 7,500 reservations for its Lucid Air sedan. The company provided investors with a handful of updates this week as it opens a new flagship store in New York City. Among the more pertinent updates was that Air reservations have now topped 10,000.\nHere's a timeline of Lucid's disclosures regarding reservations, which includes all trims.\n\n\n\nDate\nTotal Reservations\n\n\n\n\nFeb. 19\n7,500\n\n\nFeb. 28\n8,000\n\n\nMay 13\n9,000\n\n\nJun. 22\n10,000\n\n\n\nData source: Lucid Motors and SEC filings.\nAdditionally, Lucid says that it has now completed all of its preproduction builds and has started producing quality validation builds. In a follow-up interview with CNBC, CEO Peter Rawlinson noted that those units will be delivered to customers once the quality is confirmed to meet Lucid's rigorous standards. The chief executive called the milestone \"a big step forward\" toward launching the Air.\nIn fact, Lucid has even decided to accelerate some of its plans due to robust demand. The company is accelerating around $350 million of planned capital expenditures that will be used to expand manufacturing capacity at its Arizona factory. That budget is being pulled forward from future periods into 2021 through 2023, translating into 6% to 7% more capital spending during 2021 through 2026, according to Lucid.\nThe money will be used to combine the next two phases of the factory expansion into \"one expedited phase,\" implementing a general assembly line for the Gravity SUV that is in the pipeline. As a reminder, Lucid already completed Phase 1, which has capacity of approximately 34,000 units per year. The new plan will provide an additional 2.7 million square feet of manufacturing space, which will facilitate up to 53,000 Air units per year by 2023.\nThe Gravity SUV is mostly on schedule, but Lucid expects to release the vehicle near the end of its projected timeline in the second half of 2023. The company reiterated its delivery outlook for 2023 and 2024, which calls for 49,000 units and 90,000 units, respectively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128839175,"gmtCreate":1624509434297,"gmtModify":1703838797540,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"IBM? Really?","listText":"IBM? Really?","text":"IBM? Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128839175","repostId":"1182818110","repostType":4,"repost":{"id":"1182818110","pubTimestamp":1624504323,"share":"https://ttm.financial/m/news/1182818110?lang=&edition=fundamental","pubTime":"2021-06-24 11:12","market":"us","language":"en","title":"This Bull Is Far From Over: 3 Undervalued Blue Chip Dividend Buys","url":"https://stock-news.laohu8.com/highlight/detail?id=1182818110","media":"seekingalpha","summary":"Summary\n\nThe Fed jolted investors last week, before Powell backpedalled to reassure everyone.\nThis s","content":"<p><b>Summary</b></p>\n<ul>\n <li>The Fed jolted investors last week, before Powell backpedalled to reassure everyone.</li>\n <li>This shows just how difficult it will be for the Fed to actually rein in the economy.</li>\n <li>Some value names are once again on our \"buy list\". Here are three great ones.</li>\n</ul>\n<p><b>Introduction</b></p>\n<p>On a recent Bloomberg video call, Ray Dalio suggested that the Fed will have a lot of trouble doing any rate hike without having significantly adverse effects on stocks.</p>\n<p>Following the Fed meeting last week, the news that rates might be raised in two years rather than three gave the markets a jolt, as the message was interpreted as hawkish by the investing community.</p>\n<p>This caused Jerome Powell to backpedal, reminding everyone of his favorite word: \"transitory\". It was important that he once again reminded everyone that inflation would head back to 2%, and that nobody needs to worry.</p>\n<p>He did cover his 6 however,stating:</p>\n<blockquote>\n <i>We have to be very humble about our ability to really try to draw a signal out of it [...] It might take some patience to really see what’s happening.</i>\n</blockquote>\n<blockquote>\n Larry Summers had adifferent take on it: \n <i>I don't think the arithmetic is terribly difficult.</i>\n</blockquote>\n<blockquote>\n <i> You're looking at an average GDP gap deficit to potential GDP of 2%, and we're looking at a 14% of GDP fiscal stimulus. [...] The important question is whether there is 6 points of transitory inflation or 2 points of transitory inflation.</i>\n</blockquote>\n<p>This idea is very important. Rather than asking whether inflation is transitory or not, we should be asking how much of it is transitory.</p>\n<p>And this is where the risk currently lies. While the S&amp;P 500 (SPY) performed a roundtrip from 4250 to 4250 with a 90 point drop in between, a lot of the more cyclical stocks took a hit which put them back in our \"Buy List\".</p>\n<p>Our take is that the Fed is realizing that it can't really increase rates without causing ruckus in markets.</p>\n<p>When you add this to the fact that they might not have any choice but to keep printing money to buy bonds as the supply of bonds might overshoot the demand of these from foreign countries who already hold lots of US debt and show limited interest in purchasing the debt at negative real interest rates. This is according to Ray Dalio in the same call with Larry Summers mentioned above.</p>\n<p>The risk of monetary inflation is very real. The likelihood of demand to continue increasing dramatically as money stored in financial markets hits the economy is also very high.</p>\n<p>What we've learned in investing, is that investors are too eager to wrap up a trade and move on to the \"next thing\". Many times, this is shortsighted, as even when the train has left the station, there is a lot of track left ahead.</p>\n<p>This is one of these situations.</p>\n<p>Valuations in high quality blue chips which are sensitive to the economy reopening are still so far from pre-Covid levels.</p>\n<p>The fact that they are taking a breather doesn't detract from their ultimate destination, which is a lot higher.</p>\n<p>In this article I highlight 3 such stocks.</p>\n<p>Plus in the meantime you get to sleep well at night, knowing that they offer a great combination of dividend yield and dividend growth.</p>\n<p>Heads you win, tails you win more.</p>\n<p><b>IBM (IBM)</b></p>\n<p>While IBM has increased from our latest mention of it in a public article, when we were purchasing the stock at a 5%+ yield, it still hovers just below our target \"Buy Below\" price of $150, courtesy of a small pull back last week.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a8abbcb78d88ebe9b82eb258078cd4c\" tg-width=\"640\" tg-height=\"297\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>Dividend growth has come to a stand still, and while we loaded up lower, it is still a great opportunity.</p>\n<p>The real value lies in the fact that investors are not pricing Krishna's operational excellence since taking over.</p>\n<p>IBM stunned investors with its Q1 results. Fellow author Virginia Backaitis states in her excellent articleanalyzing IBM'soperations:</p>\n<blockquote>\n <i>I like how Krishna is thinking, and I like former Red Hat CEO Jim Whitehurst at his side. They are making purchases that align with IBM's strategy which hasn't always been the case at the company. The product lines that IBM is selling off now are smart choices... and they have others left to sell (but maybe there isn't a buyer).</i>\n</blockquote>\n<p>This value will likely be realized following the spin-off of the legacy business into an entity which will benamed kyndryl.</p>\n<p>Investors will likely be left with a high yield managed infrastructure business, and a low yield high growth cloud stock.</p>\n<p>When it happens, we'll decide which of both we'll hold onto, but we're quite confident that the two pieces will be worth than the sum of the part.</p>\n<p>And while you wait for this, you still get paid 4.5% by a super safe Blue Chip stock, which has the pricing power to fight inflation.</p>\n<p><b>KeyCorp (KEY)</b></p>\n<p>One thing the last round of stress tests showed, was that US banks are resilient, and well capitalized. Yet last week they took a hit after the fed meeting. This week stress tests will be released, and most large banks are expected to do really well.</p>\n<p>After that, dividend increases will come in July as banks are eager to start returning wealth to shareholders.</p>\n<p>Keycorp is no exception. For an analysis of KEY's earnings development you can read Sheen Bay Research'sarticleon the stock.</p>\n<p>Where I differ from his opinion is on the question of the dividend. While he doesn't expect a dividend hike, I expect all major banks to compete in their dividend increases.</p>\n<p>What investors must not forget is that in 2008 KEY paid a dividend of $0.38 per quarter, or double the current dividend.</p>\n<p>Since then, the company has been slowly redeeming itself, increasing the dividend every year.</p>\n<p>The pandemic restrictions stopped KEY in their tracks.</p>\n<p>A look at our MAD Chart shows how eager the bank was at returning capital to shareholders in the past 10 years. Each time the dividend increases, the inferred value ranges shown on the MAD chart goes up.</p>\n<p>In the past 10 years the dividend grew at 20% per annum, the rate dropped to 15% in the past 5 years, hindered by 0 growth last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce032ffe59e73db2d6a1e09b4ff723b4\" tg-width=\"640\" tg-height=\"298\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>I believe that a 10-15% increase is very likely this year.</p>\n<p>In this event, KEY's current yield of 3.6% would effectively become a 4% yield.</p>\n<p>But to get fantastic income from KEY, you don't even need that much growth.</p>\n<p>At a 3.6% yield, if you can get 7.5% annual dividend growth you get a fantastic income opportunity.</p>\n<p>Let's look at a simulation.</p>\n<p>Let's suggest a $10K investment in KEY, with dividends reinvested and dividend growth of 7.5% per annum.</p>\n<p>In year 10, you'd expect $1,004 of income, or 10% of your original investment, which is our threshold for a \"great\" income opportunity.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96c24e62697eb475528e1b9f04686a12\" tg-width=\"615\" tg-height=\"240\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>In our mind there is no way that KEY doesn't grow at this rate, which would suggest hitting its pre 2008 dividend in 10 years.</p>\n<p>As such we believe KEY to be a great pick for income investors. As KEY's dividend growth is on the back of growth in earnings and tangible book value per share, there is no doubt in our mind that sooner or later, the price will catch up with the higher income. The fed stress tests might be the catalyst banks need to move higher.</p>\n<p>In the meantime get paid to wait.</p>\n<p><b>Chevron (CVX)</b></p>\n<p>Chevron is another stock which is hovering just below our target \"Buy Below\" price.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/100902df9308eeb7576e22704f403240\" tg-width=\"640\" tg-height=\"298\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>We're surprised that the oil trade is taking so long to play out. In late 2015, early 2016, the recovery to historically normal yields was a lot faster.</p>\n<p>Yet CVX still yields 5%, after proving its resilience, superior balance sheet and increasing the dividend by 4% this year, sustaining their history of higher dividends every year for the past three decades.</p>\n<p>Consider the following slide from their latestearnings call:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b49cefbd9ee55c299d2b3a03211a3b6b\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>Source: Earnings Call.</span></p>\n<p>At $40 brent, the dividend is covered with a little extra debt. As the energy major with the best balance sheet, it can afford this. At $60 brent, there would be excess cash above $25bn, or enough to fund the dividend for two and a half years.</p>\n<p>Brent is currently above $70. The longer it stays above that level, the higher the likelihood that CVX will actually have the excess cash suggested in the latter scenario.</p>\n<p>Back in August last year we suggested that you'll belaughing your wayto the bank with CVX's 6% yield.</p>\n<p>Since then, CVX has marginally beaten the S&amp;P 500, but is far from over.</p>\n<p>In the past 10 years CVX has yielded a median 3.86%. Its forward outlook is arguably better now than it was in much of the past decade, which had the energy market dealing with endemic oversupply. With underinvestment, the opposite is likely to be true in upcoming years.</p>\n<p>If anything CVX should gravitate back towards its median yield which suggests further upside of 20%, much of which we expect will be realized in the latter half of 2021.</p>\n<p>If you simulate a $10K investment in CVX assuming a 5% yield and 4% dividend growth, and reinvest dividends, then in year 10 you'd expect $1,154 in dividends of which $409 is expected to come from dividend reinvestments.</p>\n<p>This equates to 11.54% of the initial investment, making CVX also an excellent income opportunity at current prices.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53e365890df23b4af31565c7b170c14f\" tg-width=\"615\" tg-height=\"240\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p><b>Conclusion</b></p>\n<p>As long term dividend investors, we're always eager to get top companies at great valuations. The fed meeting changed nothing to the reopening trade. If anything it gave them a warning that even the slightest hint of a rate increase would be interpreted as hawkish, which will likely have the consequence of them acting later than they should, which exacerbates the likelihood of the value trade continuing.</p>\n<p>Don't confuse the market taking a breather with the end of the trade.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Bull Is Far From Over: 3 Undervalued Blue Chip Dividend Buys</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\">\nThis Bull Is Far From Over: 3 Undervalued Blue Chip Dividend Buys\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436276-this-bull-is-far-from-over-3-undervalued-blue-chip-dividend-buys><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe Fed jolted investors last week, before Powell backpedalled to reassure everyone.\nThis shows just how difficult it will be for the Fed to actually rein in the economy.\nSome value names are...</p>\n\n<a href=\"https://seekingalpha.com/article/4436276-this-bull-is-far-from-over-3-undervalued-blue-chip-dividend-buys\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KEY":"KeyCorp","IBM":"IBM","CVX":"雪佛龙"},"source_url":"https://seekingalpha.com/article/4436276-this-bull-is-far-from-over-3-undervalued-blue-chip-dividend-buys","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1182818110","content_text":"Summary\n\nThe Fed jolted investors last week, before Powell backpedalled to reassure everyone.\nThis shows just how difficult it will be for the Fed to actually rein in the economy.\nSome value names are once again on our \"buy list\". Here are three great ones.\n\nIntroduction\nOn a recent Bloomberg video call, Ray Dalio suggested that the Fed will have a lot of trouble doing any rate hike without having significantly adverse effects on stocks.\nFollowing the Fed meeting last week, the news that rates might be raised in two years rather than three gave the markets a jolt, as the message was interpreted as hawkish by the investing community.\nThis caused Jerome Powell to backpedal, reminding everyone of his favorite word: \"transitory\". It was important that he once again reminded everyone that inflation would head back to 2%, and that nobody needs to worry.\nHe did cover his 6 however,stating:\n\nWe have to be very humble about our ability to really try to draw a signal out of it [...] It might take some patience to really see what’s happening.\n\n\n Larry Summers had adifferent take on it: \n I don't think the arithmetic is terribly difficult.\n\n\n You're looking at an average GDP gap deficit to potential GDP of 2%, and we're looking at a 14% of GDP fiscal stimulus. [...] The important question is whether there is 6 points of transitory inflation or 2 points of transitory inflation.\n\nThis idea is very important. Rather than asking whether inflation is transitory or not, we should be asking how much of it is transitory.\nAnd this is where the risk currently lies. While the S&P 500 (SPY) performed a roundtrip from 4250 to 4250 with a 90 point drop in between, a lot of the more cyclical stocks took a hit which put them back in our \"Buy List\".\nOur take is that the Fed is realizing that it can't really increase rates without causing ruckus in markets.\nWhen you add this to the fact that they might not have any choice but to keep printing money to buy bonds as the supply of bonds might overshoot the demand of these from foreign countries who already hold lots of US debt and show limited interest in purchasing the debt at negative real interest rates. This is according to Ray Dalio in the same call with Larry Summers mentioned above.\nThe risk of monetary inflation is very real. The likelihood of demand to continue increasing dramatically as money stored in financial markets hits the economy is also very high.\nWhat we've learned in investing, is that investors are too eager to wrap up a trade and move on to the \"next thing\". Many times, this is shortsighted, as even when the train has left the station, there is a lot of track left ahead.\nThis is one of these situations.\nValuations in high quality blue chips which are sensitive to the economy reopening are still so far from pre-Covid levels.\nThe fact that they are taking a breather doesn't detract from their ultimate destination, which is a lot higher.\nIn this article I highlight 3 such stocks.\nPlus in the meantime you get to sleep well at night, knowing that they offer a great combination of dividend yield and dividend growth.\nHeads you win, tails you win more.\nIBM (IBM)\nWhile IBM has increased from our latest mention of it in a public article, when we were purchasing the stock at a 5%+ yield, it still hovers just below our target \"Buy Below\" price of $150, courtesy of a small pull back last week.\nSource: Dividend Freedom Tribe.\nDividend growth has come to a stand still, and while we loaded up lower, it is still a great opportunity.\nThe real value lies in the fact that investors are not pricing Krishna's operational excellence since taking over.\nIBM stunned investors with its Q1 results. Fellow author Virginia Backaitis states in her excellent articleanalyzing IBM'soperations:\n\nI like how Krishna is thinking, and I like former Red Hat CEO Jim Whitehurst at his side. They are making purchases that align with IBM's strategy which hasn't always been the case at the company. The product lines that IBM is selling off now are smart choices... and they have others left to sell (but maybe there isn't a buyer).\n\nThis value will likely be realized following the spin-off of the legacy business into an entity which will benamed kyndryl.\nInvestors will likely be left with a high yield managed infrastructure business, and a low yield high growth cloud stock.\nWhen it happens, we'll decide which of both we'll hold onto, but we're quite confident that the two pieces will be worth than the sum of the part.\nAnd while you wait for this, you still get paid 4.5% by a super safe Blue Chip stock, which has the pricing power to fight inflation.\nKeyCorp (KEY)\nOne thing the last round of stress tests showed, was that US banks are resilient, and well capitalized. Yet last week they took a hit after the fed meeting. This week stress tests will be released, and most large banks are expected to do really well.\nAfter that, dividend increases will come in July as banks are eager to start returning wealth to shareholders.\nKeycorp is no exception. For an analysis of KEY's earnings development you can read Sheen Bay Research'sarticleon the stock.\nWhere I differ from his opinion is on the question of the dividend. While he doesn't expect a dividend hike, I expect all major banks to compete in their dividend increases.\nWhat investors must not forget is that in 2008 KEY paid a dividend of $0.38 per quarter, or double the current dividend.\nSince then, the company has been slowly redeeming itself, increasing the dividend every year.\nThe pandemic restrictions stopped KEY in their tracks.\nA look at our MAD Chart shows how eager the bank was at returning capital to shareholders in the past 10 years. Each time the dividend increases, the inferred value ranges shown on the MAD chart goes up.\nIn the past 10 years the dividend grew at 20% per annum, the rate dropped to 15% in the past 5 years, hindered by 0 growth last year.\nSource: Dividend Freedom Tribe.\nI believe that a 10-15% increase is very likely this year.\nIn this event, KEY's current yield of 3.6% would effectively become a 4% yield.\nBut to get fantastic income from KEY, you don't even need that much growth.\nAt a 3.6% yield, if you can get 7.5% annual dividend growth you get a fantastic income opportunity.\nLet's look at a simulation.\nLet's suggest a $10K investment in KEY, with dividends reinvested and dividend growth of 7.5% per annum.\nIn year 10, you'd expect $1,004 of income, or 10% of your original investment, which is our threshold for a \"great\" income opportunity.\nSource: Dividend Freedom Tribe.\nIn our mind there is no way that KEY doesn't grow at this rate, which would suggest hitting its pre 2008 dividend in 10 years.\nAs such we believe KEY to be a great pick for income investors. As KEY's dividend growth is on the back of growth in earnings and tangible book value per share, there is no doubt in our mind that sooner or later, the price will catch up with the higher income. The fed stress tests might be the catalyst banks need to move higher.\nIn the meantime get paid to wait.\nChevron (CVX)\nChevron is another stock which is hovering just below our target \"Buy Below\" price.\nSource: Dividend Freedom Tribe.\nWe're surprised that the oil trade is taking so long to play out. In late 2015, early 2016, the recovery to historically normal yields was a lot faster.\nYet CVX still yields 5%, after proving its resilience, superior balance sheet and increasing the dividend by 4% this year, sustaining their history of higher dividends every year for the past three decades.\nConsider the following slide from their latestearnings call:\nSource: Earnings Call.\nAt $40 brent, the dividend is covered with a little extra debt. As the energy major with the best balance sheet, it can afford this. At $60 brent, there would be excess cash above $25bn, or enough to fund the dividend for two and a half years.\nBrent is currently above $70. The longer it stays above that level, the higher the likelihood that CVX will actually have the excess cash suggested in the latter scenario.\nBack in August last year we suggested that you'll belaughing your wayto the bank with CVX's 6% yield.\nSince then, CVX has marginally beaten the S&P 500, but is far from over.\nIn the past 10 years CVX has yielded a median 3.86%. Its forward outlook is arguably better now than it was in much of the past decade, which had the energy market dealing with endemic oversupply. With underinvestment, the opposite is likely to be true in upcoming years.\nIf anything CVX should gravitate back towards its median yield which suggests further upside of 20%, much of which we expect will be realized in the latter half of 2021.\nIf you simulate a $10K investment in CVX assuming a 5% yield and 4% dividend growth, and reinvest dividends, then in year 10 you'd expect $1,154 in dividends of which $409 is expected to come from dividend reinvestments.\nThis equates to 11.54% of the initial investment, making CVX also an excellent income opportunity at current prices.\nSource: Dividend Freedom Tribe.\nConclusion\nAs long term dividend investors, we're always eager to get top companies at great valuations. The fed meeting changed nothing to the reopening trade. If anything it gave them a warning that even the slightest hint of a rate increase would be interpreted as hawkish, which will likely have the consequence of them acting later than they should, which exacerbates the likelihood of the value trade continuing.\nDon't confuse the market taking a breather with the end of the trade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128895313,"gmtCreate":1624509298332,"gmtModify":1703838790796,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Saving up to load on some&nbsp;<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>","listText":"Saving up to load on some&nbsp;<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>","text":"Saving up to load on some $Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128895313","repostId":"1176854050","repostType":4,"repost":{"id":"1176854050","pubTimestamp":1624506221,"share":"https://ttm.financial/m/news/1176854050?lang=&edition=fundamental","pubTime":"2021-06-24 11:43","market":"us","language":"en","title":"Tesla: A Lesson In Humility","url":"https://stock-news.laohu8.com/highlight/detail?id=1176854050","media":"seekingalpha","summary":"Tesla shares have pulled well back in a months-long period of weakness.With earnings coming up, there looks to be a showdown of bulls and bears on the near-term horizon.I see Tesla's fundamentals - and valuation - as having improved massively in recent months, and I'm therefore still quite bullish.Finally, the elephant in the room is the descending triangle I noted above, and I’ve added some extra bars at the end of the chart to show what the resolution of the triangle might look like. We can se","content":"<p><b>Summary</b></p>\n<ul>\n <li>Tesla shares have pulled well back in a months-long period of weakness.</li>\n <li>With earnings coming up, there looks to be a showdown of bulls and bears on the near-term horizon.</li>\n <li>I see Tesla's fundamentals - and valuation - as having improved massively in recent months, and I'm therefore still quite bullish.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16088600ba424779ab370711976bff68\" tg-width=\"768\" tg-height=\"397\" referrerpolicy=\"no-referrer\"><span>AdrianHancu/iStock Editorial via Getty Images</span></p>\n<p>Sometimes in investing, our thesis, no matter how much we believe in it, doesn’t work. I’ve experienced that countless times personally, and I think pretty much everyone who tries their hand at growing capital through the financial markets does as well. The important thing is not to fall in love with a stock and let it destroy your portfolio, and in the case of EV mothership<b>Tesla</b>(TSLA), I certainly had my fair share of practice at letting go of a failed thesis recently.</p>\n<p>Back inearly April, I said it was time to buy Tesla based upon its fairly reliable history of running higher into earnings announcements. The stock was at $691 at the time and did move higher in the next couple of weeks, but as we can see from the below, the move didn’t stick. That caused me to rethink my position in the short-term with Tesla, and now that we are four weeks out from the next earnings report, we have a different situation on our hands.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54fd49361e0720105b3d38a4c4c88fa1\" tg-width=\"640\" tg-height=\"615\" referrerpolicy=\"no-referrer\"><span>Source: StockCharts</span></p>\n<p>I’ve annotated several things on the daily chart because the situation is quite interesting for Tesla during this critical period leading up to the next earnings release. The first thing I’ll note is that the accumulation/distribution line remains very strong, having never wavered from its prior levels achieved during the massive rally that took place mostly in 2020. That’s a good sign because the bulls and bears remain roughly equally matched despite a share price that has given the bulls every reason to move on.</p>\n<p>Momentum is more of a mixed picture because the PPO and 14-day RSI are both showing some signs of positive divergence, but also signs that bullish momentum is nowhere near high enough to push the stock into another rally phase. On the divergence side, momentum is gradually moving higher while the share price bounces around, indicating that the worst of the selling is likely done, but that we’re in a digestion period. The 14-day RSI hasn’t yet crested the centerline in earnest, which again means that bullish momentum is fairly weak.</p>\n<p>Overall, I’d say momentum is showing what you might expect at this stage, which is that the selling pressure has abated, but we’re not in rally mode. Yet.</p>\n<p>Finally, the elephant in the room is the descending triangle I noted above, and I’ve added some extra bars at the end of the chart to show what the resolution of the triangle might look like. We can see at the current slope of the line that the triangle will likely resolve near the end of July, which just so happens to coincide with the earnings release. This is a bearish pattern so I don’t want to make everything seem like sunshine and lollipops, but the rest of the chart is mixed, so we’ll have to wait and see.</p>\n<p>The earnings report, in my view, is going to be the catalyst one way or the other for the breakout from the triangle. Which direction it will go is anyone’s guess, but I’d be ready for a wild reaction to the earnings release in July.</p>\n<p>If we look at a weekly chart, I see a much rosier picture.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef4525c330221c7768acc84c336cd8ef\" tg-width=\"640\" tg-height=\"615\" referrerpolicy=\"no-referrer\"><span>Source: StockCharts</span></p>\n<p>We can see that the stock ran up massively in 2020 and took with it the accumulation/distribution line, as well as the momentum indicators, as you’d expect. But since the selling began, we see signs that the stock has simply worked off its overbought conditions, which looks bullish to me.</p>\n<p>The 50-week moving average has served as support during this consolidation phase, and it currently stands at $575, so I’d watch that level if we see more selling. On the plus side, the accumulation/distribution line looks beautiful and again, is supportive of this selling being a digestion period rather than the end of the bull market for Tesla.</p>\n<p>Momentum would seem to support that as well, as the PPO and 14-week RSI are back at centerline support. What happens after this is critical, obviously, but the weekly chart doesn’t show Tesla as breaking down on a longer-term basis. The negative divergences we saw since 2020 began have given way to momentum resetting, which often happens before a new bull phase begins. With the earnings report looming in July, and the daily and weekly charts showing different pictures (at least to my eye), it’s going to be an interesting next four weeks for sure.</p>\n<p><b>Fundamentals still bullish</b></p>\n<p>I’d sum up the chart as having a short-term set of challenges for the bulls, but longer-term, I still see Tesla going higher. On a fundamental basis, I think the conclusion is decidedly more bullish. Let’s start with revenue revisions, which have been nothing short of terrific.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7297a6360a43284ab70d4caf12d206f3\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p>\n<p>All years are showing uptrends in revenue revisions, and in particular, the out years. Let us not forget that these positive revisions are occurring during a time when countless startups and internal combustion engine OGs like GM (GM), Ford (F) and Volkswagen (OTCPK:VWAGY) are investing tens of billions of dollars to take market share in EVs. None of this is new and it isn’t like the analyst community is surprised by these investments; Tesla is simply on a tremendous upward trajectory when it comes to growing revenue.</p>\n<p>Canaccordpointed out last week that the Model S Plaid Plus delay was likely due to the 4680 cell design not being ready for prime time. That very well could be the case, and it wouldn’t be the first time Tesla disappointed with a time frame it gave investors. Remember therobo-taxi claim?</p>\n<p>At any rate, the company’s lineup continues to resonate with customers and now that capacity constraints should lessen greatly over the coming years – new factories in a few parts of the world will help – the path of least resistance for Tesla is no doubt higher. This will only get better as Tesla can decrease the per-unit cost of things like the batteries so it can better compete with mainstream automakers on price, and become a mainstream automaker rather than a niche manufacturer for the well-heeled.</p>\n<p>Another thing scale is affording Tesla is monumental progress with profit margins. Below we have trailing-twelve-months gross margins, SG&amp;A costs, and EBIT margin as a percentage of revenue.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f9effb44d7bda8f3bdb535e80dd1ac0f\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"><span>Source: TIKR.com</span></p>\n<p>All three of these lines are moving in the right direction. Gross margins have been rising thanks to higher sales and production volumes, a trend that should continue so long as sales remain robust. In addition, Tesla is spending much less on an SG&amp;A basis than it used to, which again, is the product of higher sales volume. SG&amp;A used to be in the mid-20% range of revenue, which is unsustainable. Today, it’s only 10%, which means operating margins have gone quite positive, and with room to run in the future.</p>\n<p>Margins have always been an easy thing for the bears to point to, but that is simply no longer the case, and if you have a long holding period, the margin situation is going to work out in the bulls’ favor.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6401d5cd793a93d0ed6d36f911abdb15\" tg-width=\"640\" tg-height=\"283\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p>\n<p>This is all pointing to ever-higher EPS estimates, as we can see above. Analysts continue to try and keep up with Tesla’s upward trajectory, and so long as sales volumes and margins continue their march higher, so will these lines. Again, this is a feather in the cap of the bulls.</p>\n<p><b>Other considerations</b></p>\n<p>Tesla is not for the faint of heart, because it is volatile and we are at a point in the history of the automobile that an EV gold rush of sorts is occurring. Everyone is investing to win once the internal combustion engine is gone, but Tesla has a massive head start on the competition.</p>\n<p>Even so, there are risks to consider. First, Tesla could lose its technology lead over time as legacy manufacturers throw tens of billions of dollars at R&amp;D on battery technology. Tesla is far and away the superior battery maker today, but that does not guarantee it stays that way. To be clear, I don’t see that as a viable outcome in the near-term, but ten years from now? Twenty? It's a risk.</p>\n<p>Another risk is that Tesla uses its stock as a piggy bank, issuing shares to fund R&amp;D, factory construction, and the like.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8f44f661051d87ad3f2906cabe5479d\" tg-width=\"640\" tg-height=\"165\" referrerpolicy=\"no-referrer\"><span>Source: TIKR.com</span></p>\n<p>The share count has nearly doubled in the past decade, which is pretty ugly from a shareholders’ perspective, as we usually only see this kind of dilution with REITs or BDCs that issue equity capital as a normal course of business. Manufacturing stocks don’t generally do anything like this, but Tesla has made it work. Still, you have to imagine it is possible that over a decade holding period, you’ll be diluted out of half of your ownership in the company. This also creates an uphill battle for EPS as earnings are spread over more and more shares, so I want to be clear this is an unequivocal negative for shareholders. However, let me now point you to what could possibly be the saving grace for this perma-dilution; free cash flow.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0569f35589cc0f82bb006148271df19b\" tg-width=\"640\" tg-height=\"170\" referrerpolicy=\"no-referrer\"><span>Source: TIKR.com</span></p>\n<p>Tesla’s trailing-twelve-months FCF has improved immensely in recent years, as the company is producing massive amounts of operating cash flow that it never did before, which is owed once again to sales volume and margin growth. Tesla has surpassed the point where it needs to constantly issue capital just to survive because it is creating its own through its operations. This is massively important for the bull case because it means the dilution we’ve seen in recent years<i>shouldn’t</i>be necessary any longer.</p>\n<p>Indeed, if we look at net debt, we can see just how much Tesla’s balance sheet has improved, which again supports not having to dilute shareholders to stay afloat.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49fa413fc33c85d7269e987b2c11c888\" tg-width=\"640\" tg-height=\"169\" referrerpolicy=\"no-referrer\"><span>Source: TIKR.com</span></p>\n<p>Net debt has turned into a net cash position of late, with Tesla having nearly $5 billion in cash and equivalents more than debt. Tesla’s financing situation has improved enormously, and that’s good for those of us that are bullish.</p>\n<p><b>Is it cheap?</b></p>\n<p>Not really. But then again revolutionary companies rarely are. The good news is that the price-to-sales ratio has halved since the peak earlier this year, but at 11x forward revenue, I cannot in good conscience call it cheap.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca2d9f38636872d9d508e096e9ac8af8\" tg-width=\"640\" tg-height=\"189\" referrerpolicy=\"no-referrer\"><span>Source: TIKR.com</span></p>\n<p>However, it is a lot cheaper than it was, and withrevenueslated to rise by more than half this year, and then<i>double</i>again by 2024, you don’t need the multiple to rise for a bullish outlook.</p>\n<p>I’ll reiterate that there are risks to Tesla. The daily chart is leaning slightly bearish with that descending triangle, but we’re heading into the pre-earnings run-up that Tesla<i>usually</i>shines during. The weekly chart is showing signs of digestion rather than rolling over. There are competitive risks that aren’t new and will never go way, but the company is still building great EVs that are resonating with customers. Margins and FCF are booming comparatively speaking, and the stock is at roughly half the valuation it was a few months ago.</p>\n<p>All in all, Tesla almost certainly has a rocky road in front of it, but I’m still bullish given the weight of the evidence.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: A Lesson In Humility</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: A Lesson In Humility\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 11:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436295-tesla-a-lesson-in-humility><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTesla shares have pulled well back in a months-long period of weakness.\nWith earnings coming up, there looks to be a showdown of bulls and bears on the near-term horizon.\nI see Tesla's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436295-tesla-a-lesson-in-humility\">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/4436295-tesla-a-lesson-in-humility","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1176854050","content_text":"Summary\n\nTesla shares have pulled well back in a months-long period of weakness.\nWith earnings coming up, there looks to be a showdown of bulls and bears on the near-term horizon.\nI see Tesla's fundamentals - and valuation - as having improved massively in recent months, and I'm therefore still quite bullish.\n\nAdrianHancu/iStock Editorial via Getty Images\nSometimes in investing, our thesis, no matter how much we believe in it, doesn’t work. I’ve experienced that countless times personally, and I think pretty much everyone who tries their hand at growing capital through the financial markets does as well. The important thing is not to fall in love with a stock and let it destroy your portfolio, and in the case of EV mothershipTesla(TSLA), I certainly had my fair share of practice at letting go of a failed thesis recently.\nBack inearly April, I said it was time to buy Tesla based upon its fairly reliable history of running higher into earnings announcements. The stock was at $691 at the time and did move higher in the next couple of weeks, but as we can see from the below, the move didn’t stick. That caused me to rethink my position in the short-term with Tesla, and now that we are four weeks out from the next earnings report, we have a different situation on our hands.\nSource: StockCharts\nI’ve annotated several things on the daily chart because the situation is quite interesting for Tesla during this critical period leading up to the next earnings release. The first thing I’ll note is that the accumulation/distribution line remains very strong, having never wavered from its prior levels achieved during the massive rally that took place mostly in 2020. That’s a good sign because the bulls and bears remain roughly equally matched despite a share price that has given the bulls every reason to move on.\nMomentum is more of a mixed picture because the PPO and 14-day RSI are both showing some signs of positive divergence, but also signs that bullish momentum is nowhere near high enough to push the stock into another rally phase. On the divergence side, momentum is gradually moving higher while the share price bounces around, indicating that the worst of the selling is likely done, but that we’re in a digestion period. The 14-day RSI hasn’t yet crested the centerline in earnest, which again means that bullish momentum is fairly weak.\nOverall, I’d say momentum is showing what you might expect at this stage, which is that the selling pressure has abated, but we’re not in rally mode. Yet.\nFinally, the elephant in the room is the descending triangle I noted above, and I’ve added some extra bars at the end of the chart to show what the resolution of the triangle might look like. We can see at the current slope of the line that the triangle will likely resolve near the end of July, which just so happens to coincide with the earnings release. This is a bearish pattern so I don’t want to make everything seem like sunshine and lollipops, but the rest of the chart is mixed, so we’ll have to wait and see.\nThe earnings report, in my view, is going to be the catalyst one way or the other for the breakout from the triangle. Which direction it will go is anyone’s guess, but I’d be ready for a wild reaction to the earnings release in July.\nIf we look at a weekly chart, I see a much rosier picture.\nSource: StockCharts\nWe can see that the stock ran up massively in 2020 and took with it the accumulation/distribution line, as well as the momentum indicators, as you’d expect. But since the selling began, we see signs that the stock has simply worked off its overbought conditions, which looks bullish to me.\nThe 50-week moving average has served as support during this consolidation phase, and it currently stands at $575, so I’d watch that level if we see more selling. On the plus side, the accumulation/distribution line looks beautiful and again, is supportive of this selling being a digestion period rather than the end of the bull market for Tesla.\nMomentum would seem to support that as well, as the PPO and 14-week RSI are back at centerline support. What happens after this is critical, obviously, but the weekly chart doesn’t show Tesla as breaking down on a longer-term basis. The negative divergences we saw since 2020 began have given way to momentum resetting, which often happens before a new bull phase begins. With the earnings report looming in July, and the daily and weekly charts showing different pictures (at least to my eye), it’s going to be an interesting next four weeks for sure.\nFundamentals still bullish\nI’d sum up the chart as having a short-term set of challenges for the bulls, but longer-term, I still see Tesla going higher. On a fundamental basis, I think the conclusion is decidedly more bullish. Let’s start with revenue revisions, which have been nothing short of terrific.\nSource:Seeking Alpha\nAll years are showing uptrends in revenue revisions, and in particular, the out years. Let us not forget that these positive revisions are occurring during a time when countless startups and internal combustion engine OGs like GM (GM), Ford (F) and Volkswagen (OTCPK:VWAGY) are investing tens of billions of dollars to take market share in EVs. None of this is new and it isn’t like the analyst community is surprised by these investments; Tesla is simply on a tremendous upward trajectory when it comes to growing revenue.\nCanaccordpointed out last week that the Model S Plaid Plus delay was likely due to the 4680 cell design not being ready for prime time. That very well could be the case, and it wouldn’t be the first time Tesla disappointed with a time frame it gave investors. Remember therobo-taxi claim?\nAt any rate, the company’s lineup continues to resonate with customers and now that capacity constraints should lessen greatly over the coming years – new factories in a few parts of the world will help – the path of least resistance for Tesla is no doubt higher. This will only get better as Tesla can decrease the per-unit cost of things like the batteries so it can better compete with mainstream automakers on price, and become a mainstream automaker rather than a niche manufacturer for the well-heeled.\nAnother thing scale is affording Tesla is monumental progress with profit margins. Below we have trailing-twelve-months gross margins, SG&A costs, and EBIT margin as a percentage of revenue.\nSource: TIKR.com\nAll three of these lines are moving in the right direction. Gross margins have been rising thanks to higher sales and production volumes, a trend that should continue so long as sales remain robust. In addition, Tesla is spending much less on an SG&A basis than it used to, which again, is the product of higher sales volume. SG&A used to be in the mid-20% range of revenue, which is unsustainable. Today, it’s only 10%, which means operating margins have gone quite positive, and with room to run in the future.\nMargins have always been an easy thing for the bears to point to, but that is simply no longer the case, and if you have a long holding period, the margin situation is going to work out in the bulls’ favor.\nSource:Seeking Alpha\nThis is all pointing to ever-higher EPS estimates, as we can see above. Analysts continue to try and keep up with Tesla’s upward trajectory, and so long as sales volumes and margins continue their march higher, so will these lines. Again, this is a feather in the cap of the bulls.\nOther considerations\nTesla is not for the faint of heart, because it is volatile and we are at a point in the history of the automobile that an EV gold rush of sorts is occurring. Everyone is investing to win once the internal combustion engine is gone, but Tesla has a massive head start on the competition.\nEven so, there are risks to consider. First, Tesla could lose its technology lead over time as legacy manufacturers throw tens of billions of dollars at R&D on battery technology. Tesla is far and away the superior battery maker today, but that does not guarantee it stays that way. To be clear, I don’t see that as a viable outcome in the near-term, but ten years from now? Twenty? It's a risk.\nAnother risk is that Tesla uses its stock as a piggy bank, issuing shares to fund R&D, factory construction, and the like.\nSource: TIKR.com\nThe share count has nearly doubled in the past decade, which is pretty ugly from a shareholders’ perspective, as we usually only see this kind of dilution with REITs or BDCs that issue equity capital as a normal course of business. Manufacturing stocks don’t generally do anything like this, but Tesla has made it work. Still, you have to imagine it is possible that over a decade holding period, you’ll be diluted out of half of your ownership in the company. This also creates an uphill battle for EPS as earnings are spread over more and more shares, so I want to be clear this is an unequivocal negative for shareholders. However, let me now point you to what could possibly be the saving grace for this perma-dilution; free cash flow.\nSource: TIKR.com\nTesla’s trailing-twelve-months FCF has improved immensely in recent years, as the company is producing massive amounts of operating cash flow that it never did before, which is owed once again to sales volume and margin growth. Tesla has surpassed the point where it needs to constantly issue capital just to survive because it is creating its own through its operations. This is massively important for the bull case because it means the dilution we’ve seen in recent yearsshouldn’tbe necessary any longer.\nIndeed, if we look at net debt, we can see just how much Tesla’s balance sheet has improved, which again supports not having to dilute shareholders to stay afloat.\nSource: TIKR.com\nNet debt has turned into a net cash position of late, with Tesla having nearly $5 billion in cash and equivalents more than debt. Tesla’s financing situation has improved enormously, and that’s good for those of us that are bullish.\nIs it cheap?\nNot really. But then again revolutionary companies rarely are. The good news is that the price-to-sales ratio has halved since the peak earlier this year, but at 11x forward revenue, I cannot in good conscience call it cheap.\nSource: TIKR.com\nHowever, it is a lot cheaper than it was, and withrevenueslated to rise by more than half this year, and thendoubleagain by 2024, you don’t need the multiple to rise for a bullish outlook.\nI’ll reiterate that there are risks to Tesla. The daily chart is leaning slightly bearish with that descending triangle, but we’re heading into the pre-earnings run-up that Teslausuallyshines during. The weekly chart is showing signs of digestion rather than rolling over. There are competitive risks that aren’t new and will never go way, but the company is still building great EVs that are resonating with customers. Margins and FCF are booming comparatively speaking, and the stock is at roughly half the valuation it was a few months ago.\nAll in all, Tesla almost certainly has a rocky road in front of it, but I’m still bullish given the weight of the evidence.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121085586,"gmtCreate":1624444721245,"gmtModify":1703836864714,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Still tempting to me!","listText":"Still tempting to me!","text":"Still tempting to me!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121085586","repostId":"1127447179","repostType":4,"isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123238920,"gmtCreate":1624424046860,"gmtModify":1703836260546,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"What's your opinion on Dingdong?","listText":"What's your opinion on Dingdong?","text":"What's your opinion on Dingdong?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123238920","repostId":"1184188790","repostType":4,"repost":{"id":"1184188790","pubTimestamp":1624404304,"share":"https://ttm.financial/m/news/1184188790?lang=&edition=fundamental","pubTime":"2021-06-23 07:25","market":"us","language":"en","title":"SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1184188790","media":"Reuters","summary":"June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over ","content":"<p>June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to tap into the IPO boom in the United States.</p>\n<p>The company said it aims to raise up to $357 million in its IPO as it seeks to compete in a crowded sector that has seen established players including Alibaba Group and Pinduoduo competing aggressively.</p>\n<p>Dingdong, which is also backed by Tiger Global Management, will sell 14 million American Depositary Shares (ADSs) priced between $23.50 and $25.50 each, according to its filing.</p>\n<p>The COVID-19 pandemic has fueled online demand for fresh produce in China. Tencent Holdings Ltd-backed Missfresh, another Chinese online grocery startup, also set its IPO terms earlier on Tuesday, targeting a valuation of nearly $3.8 billion.</p>\n<p>Dingdong plans to list its shares on the New York Stock Exchange under the symbol “DDL”. Morgan Stanley, BofA Securities and Credit Suisse are the IPO’s lead underwriters.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO</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\">\nSoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to...</p>\n\n<a href=\"https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DDL":"叮咚买菜"},"source_url":"https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184188790","content_text":"June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to tap into the IPO boom in the United States.\nThe company said it aims to raise up to $357 million in its IPO as it seeks to compete in a crowded sector that has seen established players including Alibaba Group and Pinduoduo competing aggressively.\nDingdong, which is also backed by Tiger Global Management, will sell 14 million American Depositary Shares (ADSs) priced between $23.50 and $25.50 each, according to its filing.\nThe COVID-19 pandemic has fueled online demand for fresh produce in China. Tencent Holdings Ltd-backed Missfresh, another Chinese online grocery startup, also set its IPO terms earlier on Tuesday, targeting a valuation of nearly $3.8 billion.\nDingdong plans to list its shares on the New York Stock Exchange under the symbol “DDL”. Morgan Stanley, BofA Securities and Credit Suisse are the IPO’s lead underwriters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123233264,"gmtCreate":1624424002058,"gmtModify":1703836258415,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Haha hope to be one, one day!","listText":"Haha hope to be one, one day!","text":"Haha hope to be one, one day!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123233264","repostId":"1139503540","repostType":4,"repost":{"id":"1139503540","pubTimestamp":1624410306,"share":"https://ttm.financial/m/news/1139503540?lang=&edition=fundamental","pubTime":"2021-06-23 09:05","market":"sg","language":"en","title":"Singapore’s Millionaires Count Expected to Surge 62% by 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=1139503540","media":"Bloomberg","summary":"Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2","content":"<p>Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic.</p>\n<p>The city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s2021 Global Wealth Report. That 62% pace would be faster than Hong Kong’s estimated 60% for the same period, but slower than the growth forecast in mainland China, India, Australia, South Korea and Tawian.</p>\n<p>Singapore’s millionaire density -- or percentage of millionaires in the total population -- was 5.5% in 2020, the second-highest in Asia after Hong Kong’s 8.3%, the report said. The island nation’s Gini coefficient -- a more broad-based measure of wealth inequality -- was at 78.3 in 2020, much higher than Japan’s 64.4, South Korea’s 67.6 and Taiwan’s 70.8.</p>\n<p>The wealth share of the top 1% in Singapore was almost 34% at the end of 2020, compared with 18% for Japan, 24% for South Korea and 28% for Taiwan. In a small country like Singapore, higher wealth inequality can result from an unrepresentative cluster of very high net-worth individuals, the report said.</p>","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>Singapore’s Millionaires Count Expected to Surge 62% by 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Millionaires Count Expected to Surge 62% by 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/singapore-s-millionaires-count-expected-to-surge-62-by-2025","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139503540","content_text":"Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according toCredit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic.\nThe city-state may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to the bank’s2021 Global Wealth Report. That 62% pace would be faster than Hong Kong’s estimated 60% for the same period, but slower than the growth forecast in mainland China, India, Australia, South Korea and Tawian.\nSingapore’s millionaire density -- or percentage of millionaires in the total population -- was 5.5% in 2020, the second-highest in Asia after Hong Kong’s 8.3%, the report said. The island nation’s Gini coefficient -- a more broad-based measure of wealth inequality -- was at 78.3 in 2020, much higher than Japan’s 64.4, South Korea’s 67.6 and Taiwan’s 70.8.\nThe wealth share of the top 1% in Singapore was almost 34% at the end of 2020, compared with 18% for Japan, 24% for South Korea and 28% for Taiwan. In a small country like Singapore, higher wealth inequality can result from an unrepresentative cluster of very high net-worth individuals, the report said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123233062,"gmtCreate":1624423962556,"gmtModify":1703836259729,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"AMD or NVIDIA?","listText":"AMD or NVIDIA?","text":"AMD or NVIDIA?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123233062","repostId":"1125623159","repostType":4,"repost":{"id":"1125623159","pubTimestamp":1624416292,"share":"https://ttm.financial/m/news/1125623159?lang=&edition=fundamental","pubTime":"2021-06-23 10:44","market":"us","language":"en","title":"Got $1,000? Buy These Hot Growth Stocks Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1125623159","media":"fool","summary":"The first half of the year hasn't been great for the likes of Cirrus Logic(NASDAQ:CRUS) and Advanced","content":"<p>The first half of the year hasn't been great for the likes of&nbsp;<b>Cirrus Logic</b>(NASDAQ:CRUS)&nbsp;and&nbsp;<b>Advanced Micro Devices</b>(NASDAQ:AMD). Share prices of both companies have headed south so far in 2021.</p>\n<p>But that may not be the case forever as Cirrus Logic and AMD are sitting on a bunch of terrific growth drivers that could turn their stock price fortunes around in the second half of the year.</p>\n<p>Let's look at the reasons why investors might be wise to put down $1,000 on these two stocks right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4bfea08060592f98ee04ba258f5c724\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p>\n<p>1. Cirrus Logic</p>\n<p>It is no secret that&nbsp;<b>Apple</b>'s(NASDAQ:AAPL)5G-enabled iPhone 12 models have beena huge hitamong customers, sending the smartphone giant's revenue and earnings north ina spectacular manner. Cirrus Logic hasreaped the benefitsof the same as Apple is the chipmaker's largest source of revenue, accounting for 76%&nbsp;of the top line last quarter. The iPhone maker had produced 83% of Cirrus' total revenue in fiscal 2021 that ended in March.</p>\n<p>Not surprisingly, Cirrus' top and bottom lines stepped on the gas in the second half of 2020 after showing signs of plateauing earlier last year. The company delivered $780 million&nbsp;in revenue in the second half of fiscal 2021 that ended in March this year, up 19% year over year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fae0db2babaa80985a84ec5d66b3fb9\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>CRUS REVENUE (TTM)DATA BY YCHARTS</span></p>\n<p>However, Cirrus investors were in for a scare after the company's guidance for the first quarter of fiscal 2022, which ends this month,failed to meet expectations. The chipmaker blamed supply chain issues for its failure to meet expectations as it was unable to meet the robust end-market demand. Additionally, Apple may have rolled back orders for the iPhone 12 series as the supply chain is already in motion&nbsp;to roll out this year's models.</p>\n<p>However, Cirrus did provide a hint that its business will pick up the pace in the second half of the year. CEO John Forsyth said on the Aprilearnings conference call:</p>\n<blockquote>\n In the coming months, we will begin shipping new technologies to our customers across a range of end devices, including important new content in the high-performance mixed-signal category. And based on these factors, we expect to accelerate revenue growth in FY 2022.\n</blockquote>\n<p>Cirrus' confidence isn't misplaced as its largest customer is expected to witness a big boom in sales. Reports suggest that Apple's suppliers have already started making components&nbsp;for this year's iPhones. What's more, the company is expected to bump its initial production of the 2021 iPhone lineup by 25% to 100 million&nbsp;units as compared to the iPhone 12's initial order size of 80 million units, according to Dan Ives of Wedbush. He also adds that Apple could finish 2021 with nearly 250 million units in sales, which would be its highest since 231 million sold in 2015.</p>\n<p>The iPhone's terrific momentum is expected to continue in 2022. Juniper Research estimates&nbsp;that Apple could sell $200 billion worth of iPhones next year, which doesn't look like a very ambitious target as the company has generated&nbsp;over $113 billion in iPhone revenue over the past six months.</p>\n<p>These tailwinds should help Cirrus shares break out from their mediocrity and set the market on fire in the future. So, investors looking to add agrowth stockto their portfolio should seriously consider Cirrus Logic as it trades at an attractive forward earnings multiple&nbsp;of just 15.</p>\n<p>2. AMD</p>\n<p>It is startling to see AMD stock taking a beating in 2021 considering the pace at which the chipmaker has been growing. The companydelivered outstanding resultsin 2020 and it has continued in the same vein in 2021, with revenue increasing a whopping 93% in the first quarter to $3.45 billion.</p>\n<p>AMD aims to clock 50% revenue growth this year, which would be better than its 2020 revenue increase of 45%. However, AMD can exceed its own expectations. The company had given investors a glimpse of the same when it reported its first-quarter results in April and raised its full-year revenue guidance. It was originally anticipating&nbsp;a 37% year-over-year increase in 2021 revenue, but a robust demand environment has encouraged AMD to raise guidance substantially.</p>\n<p>There are three reasons why AMD can turn in better-than-expected results: a short supply of graphics cards leading to a sharp spike in prices, market share gains against<b>Intel</b>(NASDAQ:INTC)in the server and PC processor markets, and the rapidly growing sales of the latest gaming consoles.</p>\n<p>AMD's computing and graphics segment, which recorded 46% year-over-year revenue growth in the first quarter to $2.1 billion and accounted for nearly 61% of the total revenue, is poised to benefit from two of those tailwinds. According to AMD, a mix of higher sales volumes and stronger average selling prices (ASPs) of the Ryzen CPU (central processing unit) and Radeon GPU (graphics processing unit) products drove the segment's impressive growth.</p>\n<p>For instance, sales of AMD's Radeon 6000 series high-end GPUs doubled&nbsp;quarter over quarter. AMD says that this is just the beginning as the Radeon 6000 seriessales could\"grow significantly over the coming quarters as we ramp production,\" indicating that the company is trying to address the problem of short supply. Even better, the GPU market is poised for long-term growth. Jon Peddie Research forecasts&nbsp;sales of discrete graphics cards to hit $54 billion in 2025 from $23.6 billion last year.</p>\n<p>AMD is one of the two major players in this space, holding a market share of nearly&nbsp;20%. It is trying to make a bigger dent in the market with new technologies, so don't be surprised to see it win big from GPUs in the future. Meanwhile, AMD's improving market share in the PC processor market thanks to the success of its Ryzen CPUs is turning out to be another catalyst.</p>\n<p>According to a survey carried out by popular video game distribution service Steam, AMD now has just over&nbsp;30% of the CPU market under its control, with Intel commanding the rest. It is worth noting that AMD's market share was less than 20% in 2017. But AMD'stechnological advantageover Intel has helped it take away share from its bigger rival. The trend may not change anytime soon thanks to AMD'ssuperior manufacturing process.</p>\n<p>Finally, AMD's enterprise, embedded, and semi-custom (EESC) business is riding on two solid catalysts. One of them is AMD's market share gains against Intel in the server market. AMD's superior manufacturing process has allowed it to increase its market share to nearly 9% at the end of the first quarter of 2021 from almost nothing at the end of 2017, according&nbsp;to Mercury Research.</p>\n<p>AMD investors can expect the company totake more market shareaway from Intel in the server space thanks to the former's Milan processors that are reportedly more powerful&nbsp;than Chipzilla's offerings. Throw in the terrific momentum of the new console cycle that has given AMD abig shot in the arm, and investors have another solid reason to buy thistop tech stockthat is trading&nbsp;at just 34 times trailing earnings as compared to the five-year average multiple of 124.</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>Got $1,000? Buy These Hot Growth Stocks Before They Take 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\">\nGot $1,000? Buy These Hot Growth Stocks Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/got-1000-buy-hot-growth-stocks-before-take-off/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first half of the year hasn't been great for the likes of Cirrus Logic(NASDAQ:CRUS) and Advanced Micro Devices(NASDAQ:AMD). Share prices of both companies have headed south so far in 2021.\nBut ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/got-1000-buy-hot-growth-stocks-before-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRUS":"凌云半导体","AMD":"美国超微公司"},"source_url":"https://www.fool.com/investing/2021/06/22/got-1000-buy-hot-growth-stocks-before-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125623159","content_text":"The first half of the year hasn't been great for the likes of Cirrus Logic(NASDAQ:CRUS) and Advanced Micro Devices(NASDAQ:AMD). Share prices of both companies have headed south so far in 2021.\nBut that may not be the case forever as Cirrus Logic and AMD are sitting on a bunch of terrific growth drivers that could turn their stock price fortunes around in the second half of the year.\nLet's look at the reasons why investors might be wise to put down $1,000 on these two stocks right now.\nAAPLDATA BY YCHARTS\n1. Cirrus Logic\nIt is no secret that Apple's(NASDAQ:AAPL)5G-enabled iPhone 12 models have beena huge hitamong customers, sending the smartphone giant's revenue and earnings north ina spectacular manner. Cirrus Logic hasreaped the benefitsof the same as Apple is the chipmaker's largest source of revenue, accounting for 76% of the top line last quarter. The iPhone maker had produced 83% of Cirrus' total revenue in fiscal 2021 that ended in March.\nNot surprisingly, Cirrus' top and bottom lines stepped on the gas in the second half of 2020 after showing signs of plateauing earlier last year. The company delivered $780 million in revenue in the second half of fiscal 2021 that ended in March this year, up 19% year over year.\nCRUS REVENUE (TTM)DATA BY YCHARTS\nHowever, Cirrus investors were in for a scare after the company's guidance for the first quarter of fiscal 2022, which ends this month,failed to meet expectations. The chipmaker blamed supply chain issues for its failure to meet expectations as it was unable to meet the robust end-market demand. Additionally, Apple may have rolled back orders for the iPhone 12 series as the supply chain is already in motion to roll out this year's models.\nHowever, Cirrus did provide a hint that its business will pick up the pace in the second half of the year. CEO John Forsyth said on the Aprilearnings conference call:\n\n In the coming months, we will begin shipping new technologies to our customers across a range of end devices, including important new content in the high-performance mixed-signal category. And based on these factors, we expect to accelerate revenue growth in FY 2022.\n\nCirrus' confidence isn't misplaced as its largest customer is expected to witness a big boom in sales. Reports suggest that Apple's suppliers have already started making components for this year's iPhones. What's more, the company is expected to bump its initial production of the 2021 iPhone lineup by 25% to 100 million units as compared to the iPhone 12's initial order size of 80 million units, according to Dan Ives of Wedbush. He also adds that Apple could finish 2021 with nearly 250 million units in sales, which would be its highest since 231 million sold in 2015.\nThe iPhone's terrific momentum is expected to continue in 2022. Juniper Research estimates that Apple could sell $200 billion worth of iPhones next year, which doesn't look like a very ambitious target as the company has generated over $113 billion in iPhone revenue over the past six months.\nThese tailwinds should help Cirrus shares break out from their mediocrity and set the market on fire in the future. So, investors looking to add agrowth stockto their portfolio should seriously consider Cirrus Logic as it trades at an attractive forward earnings multiple of just 15.\n2. AMD\nIt is startling to see AMD stock taking a beating in 2021 considering the pace at which the chipmaker has been growing. The companydelivered outstanding resultsin 2020 and it has continued in the same vein in 2021, with revenue increasing a whopping 93% in the first quarter to $3.45 billion.\nAMD aims to clock 50% revenue growth this year, which would be better than its 2020 revenue increase of 45%. However, AMD can exceed its own expectations. The company had given investors a glimpse of the same when it reported its first-quarter results in April and raised its full-year revenue guidance. It was originally anticipating a 37% year-over-year increase in 2021 revenue, but a robust demand environment has encouraged AMD to raise guidance substantially.\nThere are three reasons why AMD can turn in better-than-expected results: a short supply of graphics cards leading to a sharp spike in prices, market share gains againstIntel(NASDAQ:INTC)in the server and PC processor markets, and the rapidly growing sales of the latest gaming consoles.\nAMD's computing and graphics segment, which recorded 46% year-over-year revenue growth in the first quarter to $2.1 billion and accounted for nearly 61% of the total revenue, is poised to benefit from two of those tailwinds. According to AMD, a mix of higher sales volumes and stronger average selling prices (ASPs) of the Ryzen CPU (central processing unit) and Radeon GPU (graphics processing unit) products drove the segment's impressive growth.\nFor instance, sales of AMD's Radeon 6000 series high-end GPUs doubled quarter over quarter. AMD says that this is just the beginning as the Radeon 6000 seriessales could\"grow significantly over the coming quarters as we ramp production,\" indicating that the company is trying to address the problem of short supply. Even better, the GPU market is poised for long-term growth. Jon Peddie Research forecasts sales of discrete graphics cards to hit $54 billion in 2025 from $23.6 billion last year.\nAMD is one of the two major players in this space, holding a market share of nearly 20%. It is trying to make a bigger dent in the market with new technologies, so don't be surprised to see it win big from GPUs in the future. Meanwhile, AMD's improving market share in the PC processor market thanks to the success of its Ryzen CPUs is turning out to be another catalyst.\nAccording to a survey carried out by popular video game distribution service Steam, AMD now has just over 30% of the CPU market under its control, with Intel commanding the rest. It is worth noting that AMD's market share was less than 20% in 2017. But AMD'stechnological advantageover Intel has helped it take away share from its bigger rival. The trend may not change anytime soon thanks to AMD'ssuperior manufacturing process.\nFinally, AMD's enterprise, embedded, and semi-custom (EESC) business is riding on two solid catalysts. One of them is AMD's market share gains against Intel in the server market. AMD's superior manufacturing process has allowed it to increase its market share to nearly 9% at the end of the first quarter of 2021 from almost nothing at the end of 2017, according to Mercury Research.\nAMD investors can expect the company totake more market shareaway from Intel in the server space thanks to the former's Milan processors that are reportedly more powerful than Chipzilla's offerings. Throw in the terrific momentum of the new console cycle that has given AMD abig shot in the arm, and investors have another solid reason to buy thistop tech stockthat is trading at just 34 times trailing earnings as compared to the five-year average multiple of 124.","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123230211,"gmtCreate":1624423924933,"gmtModify":1703836255464,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123230211","repostId":"2145664330","repostType":4,"repost":{"id":"2145664330","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624403123,"share":"https://ttm.financial/m/news/2145664330?lang=&edition=fundamental","pubTime":"2021-06-23 07:05","market":"us","language":"en","title":"Tech leads way to Wall Street rebound as Powell promises steady hand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145664330","media":"Reuters","summary":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow","content":"<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech leads way to Wall Street rebound as Powell promises steady hand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech leads way to Wall Street rebound as Powell promises steady hand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-23 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","POWL":"Powell Industries",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145664330","content_text":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.\nLed by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.\nThe Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.\nThe Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.\nThe MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.\n\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"\nTestifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.\n\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.\nPowell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.\nThe dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.\nOil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.\nBrent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.\nU.S. West Texas Intermediate $(WTI)$ crude fell 60 cents, or 0.8%, to $73.06 a barrel.\nBitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.\nSpot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129308236,"gmtCreate":1624356041525,"gmtModify":1703834249171,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"bullish on Square","listText":"bullish on Square","text":"bullish on Square","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129308236","repostId":"1188931868","repostType":4,"repost":{"id":"1188931868","pubTimestamp":1624352654,"share":"https://ttm.financial/m/news/1188931868?lang=&edition=fundamental","pubTime":"2021-06-22 17:04","market":"us","language":"en","title":"Square: Winner Takes Most","url":"https://stock-news.laohu8.com/highlight/detail?id=1188931868","media":"seekingalpha","summary":"Summary\n\nArguably the most important fintech metric is customer acquisition cost (CAC). Square’s mas","content":"<p><b>Summary</b></p>\n<ul>\n <li>Arguably the most important fintech metric is customer acquisition cost (CAC). Square’s mastery of viral marketing results in the lowest CAC in the digital wallet space. This is a moat.</li>\n <li>Square is building massive ecosystems in Cash App and Seller that are just beginning to overlap, which results in massive cross-selling opportunities and network effects.</li>\n <li>Square banking is a major catalyst that has not received sufficient attention from analysts or investors.</li>\n <li>Square has spent an entire year building as-of-yet unannounced Square Checking and Square Banking products. This is a shot across the bow at incumbent banks, and indicates Square is ready for a higher level of fintech warfare.</li>\n <li>Square’s future relationship with crypto remains undercooked, and Dorsey’s overfocus on Bitcoin to the exclusion of alternative coins is an uncommon mistake.</li>\n</ul>\n<p><b>Square's Investment Thesis</b></p>\n<p>When I begin researching a company for an article, I always start with the CEO. For as much as I know about balance sheets and technical analysis, it is the CEO that I am most critical and analytical about.</p>\n<p>This is reflected in the types of companies I invest in and write about. Opendoor (OPEN), SoFi (SOFI), Zillow (Z) and Palantir (PLTR) are each led by visionary CEO’s, with colorful histories who make massive contributions to their industries. In my opinion, the story behind these disruptive companies and the CEOs who lead them can inform investment decisions as surely as an earnings report.</p>\n<p>Writing this article began no differently. Jack Dorsey, the $15 Billion dollar man who leads both Square (SQ) and Twitter (TWTR), is one of Wall Street’s biggest eccentricities. He has a penchant for meditating, facial hair, intermittent fasting, 80+ minute morning walks and wields an invisible armor that has allowed him to endure a decade of investors ranting he over-focuses on Square to the detriment of Twitter (sorry Twitter longs).</p>\n<p>Today, we will dive into Square – its competitive advantages over neo-banking peers and incumbents alike, Square's banking opportunity, as well as an update on Square’s cryptocurrency initiatives. Square is the best positioned company in the digital wallet space, and Jack's advertising expertise gained by founding and running Twitter has allowed Square to deploy viral marketing campaigns to fuel absurd growth in Cash App. Cash App's success is rivaled only by Square's Seller ecosystem, and these two businesses are just beginning to combine, interact and compound.</p>\n<p>We're going to talk about all of this here. But first, I want to share a story about how a young Square, in its first years as a company, suffered a direct Amazon (AMZN) salvo and somehow emerged stronger.</p>\n<p><b>How Square Survived An Amazon Siege</b></p>\n<p>Bookstores, brick and mortal retail, supermarkets, meal-kits, enterprise cloud, the list of industries Amazon has bled out and internalized stretches on.</p>\n<p>Amazon has earned the moniker, “The Death Star.”Bought and paid for it. Over the past two decades no other company has so pervasively and efficiently disrupted legacy industries.</p>\n<p>As a brief anecdote, in his early days at Amazon, CEO and founder Jeff Bezos was always searching for ways to eliminate company overhead. In his mind, the less Amazon spent on operations, the more savings could be passed on to Amazon customers.</p>\n<p>In this vein, instead of purchasing a fancy desk for his office, Bezos built his own out of a recycled door and some two by fours. This practice caught on, and Amazon's employees participated broadly by building their own desks out of wooden doors.</p>\n<p>The wooden door initiative served two purposes: 1) it was a cultural commitment to humility, from the top down, and 2) it emphasized the importance of spending money only on initiatives that improve the customer experience.</p>\n<p>There's a picture of Bezos working away on his door deskhere. I’m tempted to frame this photograph, and I probably would if my fiancé would let me. Just confirmed, she says no. But I love this combined concept of customer obsession and frugality.</p>\n<p>From a capital allocation, leadership, and customer-centric perspective, it’s easy to look back now and recognize how Amazon became the goliath it is today. Bezos may not look it, but he is a ruthless, patient CEO whose basilisk gaze you pray doesn’t fall on your industry.</p>\n<p>So when Amazon turned its cannons on a private, relatively small payment processing company named Square in 2014, you didn’t have to be a rocket scientist to know who would be left standing after the dust settled.</p>\n<p>But if you assumed it would be Amazon, you would have been wrong.</p>\n<p>“Amazon Register” was built to kill Square. It undercut Square’s pricing by 30% and offered live customer service (which Square did not have). Even by Square co-founderJim McKelvey’s own admission, Amazon’s product worked better than Square’s ‘dongle’ did (I hate that word as much as you do and I promise to not use it again).</p>\n<p>But Square survived. Thrived in fact. Square continued to execute along the same playbook, launched new features like Square Capital to the innovation stack, and grew roughly 10% week over week that year. Amazon, for all its strength, could not compete with Square in offerings, and small businesses were understandably skeptical about partnering with Amazon.</p>\n<p>After the year-long siege, on October 30, 2015, Amazon gracefully bowed out, announcing they were shuttering Amazon Register. When the hardware was officially discontinued in early 2016, Amazon mailed a white Square card reader to each of its business customers.</p>\n<p>And the rest is history.</p>\n<p>Since Square’s IPO in 2015, the company has continued to fend off fearsome competitors such as Intuit (INTU), PayPal (PYPL), and Shopify (SHOP), not to mention the largest banking systems in the world. Square has ridden a wave of timely and engaging financial innovations to a market cap of $107 Billion at the time of this writing. Cash App’s growth has been an absolute rocket ship, and Dorsey is delivering on the long term vision of connecting Seller and Cash App to one, unified ecosystem.</p>\n<p><b>Square’s Moat: Customer Acquisition Cost</b></p>\n<p>In the banking space, the company that optimizes lifetime value [LTV] vs customer acquisition cost [CAC] is the company that wins.</p>\n<p>Read that again, write it down, bold it and underline it.</p>\n<p>This is not supernatural. Behind the B-school terminology is a basic principle of unit economics: make more from a customer than it costs to acquire them, and do it better than competitors.</p>\n<p>Of all the participants in the banking ecosystem, I believe Square has the lowest customer acquisition costs. This is a major part of the Dorsey value proposition, and misunderstood.</p>\n<p>As founder and CEO of both Square and Twitter, Dorsey has been able to leverage his incredibly nuanced understanding of viral communication to inform viral marketing. Starting in 2017, Twitter mediated campaigns like #CashAppFriday, in which Square offers thousands of dollars to Twitter users who post their Cash App handle, has drawn massive numbers of comments, retweets and Cash App downloads. Partnerships with engaging content developers like the Joe Rogan Experience, Lex Fridmen, Burger King, Travis Scott and Lil B have continued to drive brand awareness. This brand awareness is critical, especially in a crowded digital banking space.According to this study, 82% of app or internet searchers choose a familiar brand for the first click.</p>\n<p>As an example of viral and opportunistic marketing, in 2018 a prominent content creator on TikTok, “Shiggy” released a SoundCloud song about Cash App. After striking a sponsorship deal with Shiggy in 2019, the Cash App marketing team edited a shorter version of the single, and reached out to TikTok influencers with the below message:</p>\n<blockquote>\n Create a TikTok with your best interpretation of the catchy song in everyday situations. And use hashtag #CashAppThatMoney.\n</blockquote>\n<p>Source:Business Insider</p>\n<p>To date, the Shiggy Cash App song has beenused in 9,138 videos. Prominent TikTok influencers such as Addison Rae (81+ million followers) have leveraged their massive platforms to drive hundreds of millions of views.</p>\n<p>Look at the below tweet I found from Cash App on May 7thof this year. By leveraging Cash App’s 1.2 million Twitter followers, $5k in marketing spend and goodwill resulted in 17.4k comments and 26.7k retweets. Those retweets create a reverberation in the Twitter ecosystem and result in a geometric increase in captive eyeballs. Now I am not a TikTok'er and I started a Twitter account within the past month, but it's important to appreciate Square's masterful use of these millennial and Gen Z driven platforms. Assuming roughly one in 50 retweeting individuals downloads CashApp, Square’s CAC is &lt; $10 dollars.</p>\n<p><img src=\"https://static.tigerbbs.com/dee784888614bff23c414cecae7e5f7e\" tg-width=\"640\" tg-height=\"171\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:CashApp Twitter</p>\n<p>The takehome point from this type of marketing? Cash App is able to climb a more vertical slope of user acquisition at lower cost than challenger and incumbent banks alike.</p>\n<p>ARK Invest estimatesincumbent banks spend an average of $925 dollars on customer acquisition. On Square’s most recent earning’s call, management confirmed their CAC was less than $5 dollars. Said another way, Square’s marketing and customer acquisition is 18,500% higher than your retail bank.</p>\n<p>So how has Square flown under the radar of the massive U.S. banking industry?</p>\n<p>Square’s strategy to largely target unbanked or “under-banked” individuals allowed them to build a platform without drawing the attention of Wells Fargo (WFC), Bank of America (BAC), and JPMorgan Chase (JPM). But Square is now one of the top ten largest ‘banks’ in the United States by market cap, and is expanding its total addressable market to those who are already clients of traditional banks.</p>\n<p>This strategy of finding an underserved population, providing value to those customers, then broadening offerings and selling upmarket is in Square’s DNA. They followed the same playbook on the Seller side, initially targeting small businesses doing less than $100k in GMV, but today Square's fastest growing segment is mid- to large-size businesses.</p>\n<p>Square’s peer Venmo cannot flex the same marketing efficiencies as Cash App. Cash App continues to hold the crown as the most downloaded finance application on Apple’s App Store (AAPL) as well as Google Play Store (GOOG), more popular than Venmo, PayPal Cash, and Robinhood (RBNHD). Furthermore, Square has a full 10X more followers than Venmo on Twitter. These advantages manifest as Square enjoying a healthy gap over Venmo in search as well.</p>\n<p><img src=\"https://static.tigerbbs.com/f0ee1067df9e647949f72f4d772af186\" tg-width=\"640\" tg-height=\"172\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Similarweb</p>\n<p><img src=\"https://static.tigerbbs.com/df7398ef5a030917f6de3ac8d13fe5a9\" tg-width=\"640\" tg-height=\"394\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: I made this with help fromGoogle Trends</p>\n<p>Perhaps most importantly, although Venmo has more monthly active users (MAU’s), Square is better at<i>monetizing</i>these users.According to RBC Capital analyst DanielPerlin, Venmo garners roughly $12 from each MAU, whereas Cash App brings in $54. And due to industry low CAC, Cash App gets the extra benefit of being more profitable as well.</p>\n<p>While there is much more that can be said about Square and PayPal’s competition in the challenger banking space, it is this customer acquisition and long term value that underlies why I prefer holding shares of Square over PayPal.</p>\n<p>Square is just doing the important things better than Venmo. Part of this is Dorsey's social media advantages, but I believe much if it has to do with the fact that Venmo was acquired by PayPal, whereas Square remains independent. The innovative connective tissue which once held Venmo together and fostered bold ideas and big bets was absorbed into the massive PayPal machine, and lost.</p>\n<p>As a SoFi shareholder and bull, I was disappointed to learn in my research that SoFi has been unable thus far to creatively turn its Twitter presence into a customer acquisition engine. Despite 120k+ followers, the SoFi Twitter page has relatively low engagement and no promotional activities reminiscent of #CashAppFriday. SoFi CEO Anthony Noto coincidentally was formerly COO of Twitter when #CashAppFriday first launched, and I believe he will be able to leverage this experience into a more engaging social media presence. Fortunately for SoFi, their CAC's are low (~$40) with much higher LTV's than Cash App as of now (roughly double, close to $2,000 with cross selling into lending).</p>\n<p><b>Square Financial Services: A Bank For All Mankind</b></p>\n<p>On March 1, 2021, Square announced its banking service had begun operations after completing the charter approval process with the FDIC. This is a massive catalyst for Square’s business, and positions them squarely against the glacially slow incumbent banks.</p>\n<p>I recently wrote adeep dive on SoFi(SOFI), which is also pursuing a bank charter, and discussed the massive benefits these fintech companies inherit by building banking infrastructure. With this banking platform, Square will be able to make loans using deposits on its platform, originate loans to small businesses, and improve profitability.</p>\n<p>About a month ago, an iOS developer namedSteve Moser discovered codeon a Square software update revealing new products “Square Checking” and “Square Savings.” Based on the code, Square is planning to offer 0.5% interest rates for its savings accounts through 2021, a full 8+ times higher than thenational savings account average.</p>\n<p>Square's banking play is a continuation of the playbook that led them to purchase Credit Karma’s tax preparation business in 2020. At the time of the acquisition, roughly 2 million Americans used Karma to file returns, with an average refund of $2k. Those tax returns were then deposited in Cash App accounts, where fintech magic happens. Higher account deposits can be loaned out, drive increased transaction volume, and ultimately elevate the LTV of the user.</p>\n<p>SoFi is doing something similar with its $3k account minimums for SoFi IPO Invest, and Square’s banking venture has the opportunity to both elevate account balances and steal additional customers from incumbent banks.</p>\n<p>And the incumbent banks are terrified. See what Jamie Dimon, CEO of JP Morgan and perhaps the most famous banker in the world has said about Square over the years.</p>\n<blockquote>\n What does the small business want? They wanted to process cash and checks and debit on the same machine. We didn’t give them that opportunity. Square did.\n</blockquote>\n<p>Jamie Dimon, CEO, JP Morgan, Investor Day, 2019</p>\n<p>And more recently when asked if JPM should be scared of challenger banks like Square:</p>\n<blockquote>\n Absolutely we should be scared s---less about that. We’ve just got to get quicker, better, faster.\n</blockquote>\n<p>Jamie Dimon, CEO, JP Morgan, Investor Day, January, 2021</p>\n<p>Most importantly, adding banking services multiplies the LTV of Square's customers, and is a major step towards Cash App becoming a financial super app. The single biggest money maker for individual banking customers is checking and savings accounts. According to an ARK Invest white paper, LTV per retail banking customer is roughly $3,600, of which a full 25%, or $900 is checking and savings accounts.</p>\n<p><img src=\"https://static.tigerbbs.com/2bdfa91840a4611caf6808ad0c4bb076\" tg-width=\"640\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: ARK Invest, with annotations from me:Cash App vs Venmo</p>\n<p>You can breathlessly hype Square's Bitcoin opportunities and wax poetic about Cash App's booming Bitcoin revenue, but the meat and potatoes is here, right in front of us: Square banking. The weapon Square will use to dethrone the incumbent banks is slowly being drawn from its sheath.</p>\n<p><b>Jack Dorsey's Bitcoin Obsession</b></p>\n<p>For those of you who don't follow Dorsey on Twitter or read updates about the Bitcoin (BTC-USD) 2021 Convention, believe me when I say Jack is<i>convicted</i>about the role Bitcoin will play in the Internet’s future.</p>\n<blockquote>\n If I were not at Square or Twitter, I would be working on bitcoin. If bitcoin needed more help than Square or Twitter, I would leave them for bitcoin.\n</blockquote>\n<p>Jack Dorsey, CEO Square, CEO Twitter,Bitcoin 2021 Conference</p>\n<p>At the conference Dorsey announced Square is considering releasing a hardware Bitcoin wallet. For those unfamiliar, when you purchase cryptocurrency on an exchange, the vast majority of the time it is not actually<i>yours</i>, but is in fact an IOU. If you’ve heard the expression, “Not your keys, not your coins,” this is referring directly to this issue. If you don’t have a hardware wallet with a password only you have access to, then the coins don’t truly belong to you.</p>\n<p>Regarding Square's involvement inBitcoin hardware wallets, color me unimpressed. I was surprised to see Square’s stock pop on that news. I can’t really see a situation where a company doing $20+ Billion a year in sales like Square gets meaningful top or bottom line contribution from a glorified flash drive. It’s just not going to move the needle.</p>\n<p>To be honest, cryptocurrency is the biggest potential blind spot I see right now in Dorsey’s execution. Don’t get me wrong, as a Square shareholder I will<i>gladly accept a</i>1,047% increase year over year in Bitcoin revenue to $3.51 B as of Q1 2021. But Dorsey refusing to allow any other coins on the Cash App platform is, in my opinion, the wrong choice for Square and cryptocurrency in general. I have already heard several friends comment they see no role for Cash App because its “crypto features” only allow for Bitcoin trading.</p>\n<p>“That’s why we don’t deal with any other ‘currencies’ or ‘coins’ because we’re so focused on making bitcoin the native currency for the internet,”</p>\n<p>-Jack Dorsey, CEO Square</p>\n<p>Effectively, Dorsey is limiting features for Square’s Cash App users to focus all attention on Bitcoin. But that’s not really how cryptocurrency works – over the past several years the market share of Bitcoin has declined slightly as new platforms have generated interest and ease of investing in alternative coins. Diversity of coin options coincided with Bitcoin reaching its highest market capitalization of all time. I believe there is space for more than one coin in the future, and am personally invested in Ethereum (ETH-USD) due to the utility it offers as the nexus of Internet 3.0.</p>\n<p>I would love to see Dorsey developing revenue-driving crypto services such as decentralized finance for Square. I said this for SoFi, and I will say it again for Square: a staking system, by which users are granted upsize interest for holding Bitcoin in their Cash App, for example, would dramatically elevate Cash App’s value proposition. This is something for all challenger banks to explore and invest in, and it is a game changer.</p>\n<p>All that said, Square has a history of surprising analysts and investors with clever solutions that delight customers. Bitcoin and the cryptocurrency landscape<i>needs</i>innovation and development, and Square is well capitalized in cash and intellect to address this issue.</p>\n<p><b>Square's Near Term Risks</b></p>\n<p>Despite how positive I feel about Square's long-term positioning in the fintech space, I would be remiss if I did not alert you to several considerable near term risks. Square is hurtling towards challenging 2020 comps, with Q2 2020 being the first quarter of government disbursement checks. While I expect Square to post excellent Seller and Cash App numbers, growth will inherently moderate. Furthermore, Cash App benefited from Robinhood's well-publicized meltdown in Q1, as retail investors searched for more transparent and reliable trading platforms. This resulted in a pull-forward of user growth, and I do not believe this is sustainable or reflective of Cash App's long term user growth rates.</p>\n<p>Furthermore, Square's Q1 2021 shareholder letter was chock full of new operating expense forecasts for Q2. Square promised stock based compensation would rise materially in Q2 as new hirings occurred (in Q1 was $118 million), an increase in product development and G&amp;A by $120 million, as well as an increase in transaction and loan losses by $40 million.</p>\n<p>A potential bright spot is Square's investment in DoorDash (DASH), which was a catalyst for Square's blowout Q4 2020 earnings. Based on a price of $168.5/share at the time of this writing, DoorDash's stock has appreciated 28.5% since Q1 end. That equates to a $65 million appreciation in Square's DoorDash equity ownership.</p>\n<p>Even still, netting out equity appreciation and Square's guided opex expansion, Square is guiding for roughly $110 million in additional Q2 spend. This is significant for a company that earned only $39 million last quarter, and Q1 was already benefiting from stimulus check disbursement and peak Bitcoin price and volatility.</p>\n<p>And that brings us to Bitcoin, of which Square owns 8,027 coins.</p>\n<p>Bitcoin's price at the conclusion of Q1 (March 31, 2021) was $58,724. At the time of this writing, one Bitcoin is valued at $32,270, or a 45% drop from the prior quarter.</p>\n<p><b>This is a loss of $259 million on Bitcoin alone in Q2, 2021.</b></p>\n<p>Gulp. All in, these costs will result in an estimated $370 million drag on Square's Q2 earnings. Despite these facts, consensus estimates for Square indicate the investment community believes Square will be<i>profitable</i>this quarter, with 86% earnings revisions up over the past three months. I would be shocked if Square turned a profit this next quarter.</p>\n<p>Accordingly, if you are considering a position in Square, this might be a good indication to wait on the sidelines and see how the next earnings call plays out. As a long term Square shareholder I will continue to hold, as none of these issues impacts my long term bullish stance on Square. I believe Bitcoin will recover over the balance of 2021, and Square's investments in product development and talent acquisition are necessary for the battle ahead with legacy banks.</p>\n<p><b>Concluding Thoughts</b></p>\n<p>The holy grail of the fintech space is low customer acquisition cost. Dorsey’s mastery of viral social media advertising generating low CAC's has been a primary catalyst of Square’s titanic growth rates. Square is just beginning to combine and integrate Cash App and Seller, which will manifest as increased user LTV and strengthening network effects.</p>\n<p>Between Square cross-selling Cash App and Seller, solidifying a banking presence with Square banking and the development and implementation of much-needed crypto services, Square will be the apex presence in the fintech space, with no natural predators. I believe this not only possible, but likely. As the future fintech king, Square has a vast ocean of opportunity ahead, because in the multi-trillion financial services space, winner takes most.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square: Winner Takes Most</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\">\nSquare: Winner Takes Most\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435869-square-winner-takes-most><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nArguably the most important fintech metric is customer acquisition cost (CAC). Square’s mastery of viral marketing results in the lowest CAC in the digital wallet space. This is a moat.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4435869-square-winner-takes-most\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://seekingalpha.com/article/4435869-square-winner-takes-most","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1188931868","content_text":"Summary\n\nArguably the most important fintech metric is customer acquisition cost (CAC). Square’s mastery of viral marketing results in the lowest CAC in the digital wallet space. This is a moat.\nSquare is building massive ecosystems in Cash App and Seller that are just beginning to overlap, which results in massive cross-selling opportunities and network effects.\nSquare banking is a major catalyst that has not received sufficient attention from analysts or investors.\nSquare has spent an entire year building as-of-yet unannounced Square Checking and Square Banking products. This is a shot across the bow at incumbent banks, and indicates Square is ready for a higher level of fintech warfare.\nSquare’s future relationship with crypto remains undercooked, and Dorsey’s overfocus on Bitcoin to the exclusion of alternative coins is an uncommon mistake.\n\nSquare's Investment Thesis\nWhen I begin researching a company for an article, I always start with the CEO. For as much as I know about balance sheets and technical analysis, it is the CEO that I am most critical and analytical about.\nThis is reflected in the types of companies I invest in and write about. Opendoor (OPEN), SoFi (SOFI), Zillow (Z) and Palantir (PLTR) are each led by visionary CEO’s, with colorful histories who make massive contributions to their industries. In my opinion, the story behind these disruptive companies and the CEOs who lead them can inform investment decisions as surely as an earnings report.\nWriting this article began no differently. Jack Dorsey, the $15 Billion dollar man who leads both Square (SQ) and Twitter (TWTR), is one of Wall Street’s biggest eccentricities. He has a penchant for meditating, facial hair, intermittent fasting, 80+ minute morning walks and wields an invisible armor that has allowed him to endure a decade of investors ranting he over-focuses on Square to the detriment of Twitter (sorry Twitter longs).\nToday, we will dive into Square – its competitive advantages over neo-banking peers and incumbents alike, Square's banking opportunity, as well as an update on Square’s cryptocurrency initiatives. Square is the best positioned company in the digital wallet space, and Jack's advertising expertise gained by founding and running Twitter has allowed Square to deploy viral marketing campaigns to fuel absurd growth in Cash App. Cash App's success is rivaled only by Square's Seller ecosystem, and these two businesses are just beginning to combine, interact and compound.\nWe're going to talk about all of this here. But first, I want to share a story about how a young Square, in its first years as a company, suffered a direct Amazon (AMZN) salvo and somehow emerged stronger.\nHow Square Survived An Amazon Siege\nBookstores, brick and mortal retail, supermarkets, meal-kits, enterprise cloud, the list of industries Amazon has bled out and internalized stretches on.\nAmazon has earned the moniker, “The Death Star.”Bought and paid for it. Over the past two decades no other company has so pervasively and efficiently disrupted legacy industries.\nAs a brief anecdote, in his early days at Amazon, CEO and founder Jeff Bezos was always searching for ways to eliminate company overhead. In his mind, the less Amazon spent on operations, the more savings could be passed on to Amazon customers.\nIn this vein, instead of purchasing a fancy desk for his office, Bezos built his own out of a recycled door and some two by fours. This practice caught on, and Amazon's employees participated broadly by building their own desks out of wooden doors.\nThe wooden door initiative served two purposes: 1) it was a cultural commitment to humility, from the top down, and 2) it emphasized the importance of spending money only on initiatives that improve the customer experience.\nThere's a picture of Bezos working away on his door deskhere. I’m tempted to frame this photograph, and I probably would if my fiancé would let me. Just confirmed, she says no. But I love this combined concept of customer obsession and frugality.\nFrom a capital allocation, leadership, and customer-centric perspective, it’s easy to look back now and recognize how Amazon became the goliath it is today. Bezos may not look it, but he is a ruthless, patient CEO whose basilisk gaze you pray doesn’t fall on your industry.\nSo when Amazon turned its cannons on a private, relatively small payment processing company named Square in 2014, you didn’t have to be a rocket scientist to know who would be left standing after the dust settled.\nBut if you assumed it would be Amazon, you would have been wrong.\n“Amazon Register” was built to kill Square. It undercut Square’s pricing by 30% and offered live customer service (which Square did not have). Even by Square co-founderJim McKelvey’s own admission, Amazon’s product worked better than Square’s ‘dongle’ did (I hate that word as much as you do and I promise to not use it again).\nBut Square survived. Thrived in fact. Square continued to execute along the same playbook, launched new features like Square Capital to the innovation stack, and grew roughly 10% week over week that year. Amazon, for all its strength, could not compete with Square in offerings, and small businesses were understandably skeptical about partnering with Amazon.\nAfter the year-long siege, on October 30, 2015, Amazon gracefully bowed out, announcing they were shuttering Amazon Register. When the hardware was officially discontinued in early 2016, Amazon mailed a white Square card reader to each of its business customers.\nAnd the rest is history.\nSince Square’s IPO in 2015, the company has continued to fend off fearsome competitors such as Intuit (INTU), PayPal (PYPL), and Shopify (SHOP), not to mention the largest banking systems in the world. Square has ridden a wave of timely and engaging financial innovations to a market cap of $107 Billion at the time of this writing. Cash App’s growth has been an absolute rocket ship, and Dorsey is delivering on the long term vision of connecting Seller and Cash App to one, unified ecosystem.\nSquare’s Moat: Customer Acquisition Cost\nIn the banking space, the company that optimizes lifetime value [LTV] vs customer acquisition cost [CAC] is the company that wins.\nRead that again, write it down, bold it and underline it.\nThis is not supernatural. Behind the B-school terminology is a basic principle of unit economics: make more from a customer than it costs to acquire them, and do it better than competitors.\nOf all the participants in the banking ecosystem, I believe Square has the lowest customer acquisition costs. This is a major part of the Dorsey value proposition, and misunderstood.\nAs founder and CEO of both Square and Twitter, Dorsey has been able to leverage his incredibly nuanced understanding of viral communication to inform viral marketing. Starting in 2017, Twitter mediated campaigns like #CashAppFriday, in which Square offers thousands of dollars to Twitter users who post their Cash App handle, has drawn massive numbers of comments, retweets and Cash App downloads. Partnerships with engaging content developers like the Joe Rogan Experience, Lex Fridmen, Burger King, Travis Scott and Lil B have continued to drive brand awareness. This brand awareness is critical, especially in a crowded digital banking space.According to this study, 82% of app or internet searchers choose a familiar brand for the first click.\nAs an example of viral and opportunistic marketing, in 2018 a prominent content creator on TikTok, “Shiggy” released a SoundCloud song about Cash App. After striking a sponsorship deal with Shiggy in 2019, the Cash App marketing team edited a shorter version of the single, and reached out to TikTok influencers with the below message:\n\n Create a TikTok with your best interpretation of the catchy song in everyday situations. And use hashtag #CashAppThatMoney.\n\nSource:Business Insider\nTo date, the Shiggy Cash App song has beenused in 9,138 videos. Prominent TikTok influencers such as Addison Rae (81+ million followers) have leveraged their massive platforms to drive hundreds of millions of views.\nLook at the below tweet I found from Cash App on May 7thof this year. By leveraging Cash App’s 1.2 million Twitter followers, $5k in marketing spend and goodwill resulted in 17.4k comments and 26.7k retweets. Those retweets create a reverberation in the Twitter ecosystem and result in a geometric increase in captive eyeballs. Now I am not a TikTok'er and I started a Twitter account within the past month, but it's important to appreciate Square's masterful use of these millennial and Gen Z driven platforms. Assuming roughly one in 50 retweeting individuals downloads CashApp, Square’s CAC is < $10 dollars.\n\nSource:CashApp Twitter\nThe takehome point from this type of marketing? Cash App is able to climb a more vertical slope of user acquisition at lower cost than challenger and incumbent banks alike.\nARK Invest estimatesincumbent banks spend an average of $925 dollars on customer acquisition. On Square’s most recent earning’s call, management confirmed their CAC was less than $5 dollars. Said another way, Square’s marketing and customer acquisition is 18,500% higher than your retail bank.\nSo how has Square flown under the radar of the massive U.S. banking industry?\nSquare’s strategy to largely target unbanked or “under-banked” individuals allowed them to build a platform without drawing the attention of Wells Fargo (WFC), Bank of America (BAC), and JPMorgan Chase (JPM). But Square is now one of the top ten largest ‘banks’ in the United States by market cap, and is expanding its total addressable market to those who are already clients of traditional banks.\nThis strategy of finding an underserved population, providing value to those customers, then broadening offerings and selling upmarket is in Square’s DNA. They followed the same playbook on the Seller side, initially targeting small businesses doing less than $100k in GMV, but today Square's fastest growing segment is mid- to large-size businesses.\nSquare’s peer Venmo cannot flex the same marketing efficiencies as Cash App. Cash App continues to hold the crown as the most downloaded finance application on Apple’s App Store (AAPL) as well as Google Play Store (GOOG), more popular than Venmo, PayPal Cash, and Robinhood (RBNHD). Furthermore, Square has a full 10X more followers than Venmo on Twitter. These advantages manifest as Square enjoying a healthy gap over Venmo in search as well.\n\nSource:Similarweb\n\nSource: I made this with help fromGoogle Trends\nPerhaps most importantly, although Venmo has more monthly active users (MAU’s), Square is better atmonetizingthese users.According to RBC Capital analyst DanielPerlin, Venmo garners roughly $12 from each MAU, whereas Cash App brings in $54. And due to industry low CAC, Cash App gets the extra benefit of being more profitable as well.\nWhile there is much more that can be said about Square and PayPal’s competition in the challenger banking space, it is this customer acquisition and long term value that underlies why I prefer holding shares of Square over PayPal.\nSquare is just doing the important things better than Venmo. Part of this is Dorsey's social media advantages, but I believe much if it has to do with the fact that Venmo was acquired by PayPal, whereas Square remains independent. The innovative connective tissue which once held Venmo together and fostered bold ideas and big bets was absorbed into the massive PayPal machine, and lost.\nAs a SoFi shareholder and bull, I was disappointed to learn in my research that SoFi has been unable thus far to creatively turn its Twitter presence into a customer acquisition engine. Despite 120k+ followers, the SoFi Twitter page has relatively low engagement and no promotional activities reminiscent of #CashAppFriday. SoFi CEO Anthony Noto coincidentally was formerly COO of Twitter when #CashAppFriday first launched, and I believe he will be able to leverage this experience into a more engaging social media presence. Fortunately for SoFi, their CAC's are low (~$40) with much higher LTV's than Cash App as of now (roughly double, close to $2,000 with cross selling into lending).\nSquare Financial Services: A Bank For All Mankind\nOn March 1, 2021, Square announced its banking service had begun operations after completing the charter approval process with the FDIC. This is a massive catalyst for Square’s business, and positions them squarely against the glacially slow incumbent banks.\nI recently wrote adeep dive on SoFi(SOFI), which is also pursuing a bank charter, and discussed the massive benefits these fintech companies inherit by building banking infrastructure. With this banking platform, Square will be able to make loans using deposits on its platform, originate loans to small businesses, and improve profitability.\nAbout a month ago, an iOS developer namedSteve Moser discovered codeon a Square software update revealing new products “Square Checking” and “Square Savings.” Based on the code, Square is planning to offer 0.5% interest rates for its savings accounts through 2021, a full 8+ times higher than thenational savings account average.\nSquare's banking play is a continuation of the playbook that led them to purchase Credit Karma’s tax preparation business in 2020. At the time of the acquisition, roughly 2 million Americans used Karma to file returns, with an average refund of $2k. Those tax returns were then deposited in Cash App accounts, where fintech magic happens. Higher account deposits can be loaned out, drive increased transaction volume, and ultimately elevate the LTV of the user.\nSoFi is doing something similar with its $3k account minimums for SoFi IPO Invest, and Square’s banking venture has the opportunity to both elevate account balances and steal additional customers from incumbent banks.\nAnd the incumbent banks are terrified. See what Jamie Dimon, CEO of JP Morgan and perhaps the most famous banker in the world has said about Square over the years.\n\n What does the small business want? They wanted to process cash and checks and debit on the same machine. We didn’t give them that opportunity. Square did.\n\nJamie Dimon, CEO, JP Morgan, Investor Day, 2019\nAnd more recently when asked if JPM should be scared of challenger banks like Square:\n\n Absolutely we should be scared s---less about that. We’ve just got to get quicker, better, faster.\n\nJamie Dimon, CEO, JP Morgan, Investor Day, January, 2021\nMost importantly, adding banking services multiplies the LTV of Square's customers, and is a major step towards Cash App becoming a financial super app. The single biggest money maker for individual banking customers is checking and savings accounts. According to an ARK Invest white paper, LTV per retail banking customer is roughly $3,600, of which a full 25%, or $900 is checking and savings accounts.\n\nSource: ARK Invest, with annotations from me:Cash App vs Venmo\nYou can breathlessly hype Square's Bitcoin opportunities and wax poetic about Cash App's booming Bitcoin revenue, but the meat and potatoes is here, right in front of us: Square banking. The weapon Square will use to dethrone the incumbent banks is slowly being drawn from its sheath.\nJack Dorsey's Bitcoin Obsession\nFor those of you who don't follow Dorsey on Twitter or read updates about the Bitcoin (BTC-USD) 2021 Convention, believe me when I say Jack isconvictedabout the role Bitcoin will play in the Internet’s future.\n\n If I were not at Square or Twitter, I would be working on bitcoin. If bitcoin needed more help than Square or Twitter, I would leave them for bitcoin.\n\nJack Dorsey, CEO Square, CEO Twitter,Bitcoin 2021 Conference\nAt the conference Dorsey announced Square is considering releasing a hardware Bitcoin wallet. For those unfamiliar, when you purchase cryptocurrency on an exchange, the vast majority of the time it is not actuallyyours, but is in fact an IOU. If you’ve heard the expression, “Not your keys, not your coins,” this is referring directly to this issue. If you don’t have a hardware wallet with a password only you have access to, then the coins don’t truly belong to you.\nRegarding Square's involvement inBitcoin hardware wallets, color me unimpressed. I was surprised to see Square’s stock pop on that news. I can’t really see a situation where a company doing $20+ Billion a year in sales like Square gets meaningful top or bottom line contribution from a glorified flash drive. It’s just not going to move the needle.\nTo be honest, cryptocurrency is the biggest potential blind spot I see right now in Dorsey’s execution. Don’t get me wrong, as a Square shareholder I willgladly accept a1,047% increase year over year in Bitcoin revenue to $3.51 B as of Q1 2021. But Dorsey refusing to allow any other coins on the Cash App platform is, in my opinion, the wrong choice for Square and cryptocurrency in general. I have already heard several friends comment they see no role for Cash App because its “crypto features” only allow for Bitcoin trading.\n“That’s why we don’t deal with any other ‘currencies’ or ‘coins’ because we’re so focused on making bitcoin the native currency for the internet,”\n-Jack Dorsey, CEO Square\nEffectively, Dorsey is limiting features for Square’s Cash App users to focus all attention on Bitcoin. But that’s not really how cryptocurrency works – over the past several years the market share of Bitcoin has declined slightly as new platforms have generated interest and ease of investing in alternative coins. Diversity of coin options coincided with Bitcoin reaching its highest market capitalization of all time. I believe there is space for more than one coin in the future, and am personally invested in Ethereum (ETH-USD) due to the utility it offers as the nexus of Internet 3.0.\nI would love to see Dorsey developing revenue-driving crypto services such as decentralized finance for Square. I said this for SoFi, and I will say it again for Square: a staking system, by which users are granted upsize interest for holding Bitcoin in their Cash App, for example, would dramatically elevate Cash App’s value proposition. This is something for all challenger banks to explore and invest in, and it is a game changer.\nAll that said, Square has a history of surprising analysts and investors with clever solutions that delight customers. Bitcoin and the cryptocurrency landscapeneedsinnovation and development, and Square is well capitalized in cash and intellect to address this issue.\nSquare's Near Term Risks\nDespite how positive I feel about Square's long-term positioning in the fintech space, I would be remiss if I did not alert you to several considerable near term risks. Square is hurtling towards challenging 2020 comps, with Q2 2020 being the first quarter of government disbursement checks. While I expect Square to post excellent Seller and Cash App numbers, growth will inherently moderate. Furthermore, Cash App benefited from Robinhood's well-publicized meltdown in Q1, as retail investors searched for more transparent and reliable trading platforms. This resulted in a pull-forward of user growth, and I do not believe this is sustainable or reflective of Cash App's long term user growth rates.\nFurthermore, Square's Q1 2021 shareholder letter was chock full of new operating expense forecasts for Q2. Square promised stock based compensation would rise materially in Q2 as new hirings occurred (in Q1 was $118 million), an increase in product development and G&A by $120 million, as well as an increase in transaction and loan losses by $40 million.\nA potential bright spot is Square's investment in DoorDash (DASH), which was a catalyst for Square's blowout Q4 2020 earnings. Based on a price of $168.5/share at the time of this writing, DoorDash's stock has appreciated 28.5% since Q1 end. That equates to a $65 million appreciation in Square's DoorDash equity ownership.\nEven still, netting out equity appreciation and Square's guided opex expansion, Square is guiding for roughly $110 million in additional Q2 spend. This is significant for a company that earned only $39 million last quarter, and Q1 was already benefiting from stimulus check disbursement and peak Bitcoin price and volatility.\nAnd that brings us to Bitcoin, of which Square owns 8,027 coins.\nBitcoin's price at the conclusion of Q1 (March 31, 2021) was $58,724. At the time of this writing, one Bitcoin is valued at $32,270, or a 45% drop from the prior quarter.\nThis is a loss of $259 million on Bitcoin alone in Q2, 2021.\nGulp. All in, these costs will result in an estimated $370 million drag on Square's Q2 earnings. Despite these facts, consensus estimates for Square indicate the investment community believes Square will beprofitablethis quarter, with 86% earnings revisions up over the past three months. I would be shocked if Square turned a profit this next quarter.\nAccordingly, if you are considering a position in Square, this might be a good indication to wait on the sidelines and see how the next earnings call plays out. As a long term Square shareholder I will continue to hold, as none of these issues impacts my long term bullish stance on Square. I believe Bitcoin will recover over the balance of 2021, and Square's investments in product development and talent acquisition are necessary for the battle ahead with legacy banks.\nConcluding Thoughts\nThe holy grail of the fintech space is low customer acquisition cost. Dorsey’s mastery of viral social media advertising generating low CAC's has been a primary catalyst of Square’s titanic growth rates. Square is just beginning to combine and integrate Cash App and Seller, which will manifest as increased user LTV and strengthening network effects.\nBetween Square cross-selling Cash App and Seller, solidifying a banking presence with Square banking and the development and implementation of much-needed crypto services, Square will be the apex presence in the fintech space, with no natural predators. I believe this not only possible, but likely. As the future fintech king, Square has a vast ocean of opportunity ahead, because in the multi-trillion financial services space, winner takes most.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129303828,"gmtCreate":1624355886664,"gmtModify":1703834246262,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129303828","repostId":"1100733883","repostType":4,"repost":{"id":"1100733883","pubTimestamp":1624347185,"share":"https://ttm.financial/m/news/1100733883?lang=&edition=fundamental","pubTime":"2021-06-22 15:33","market":"us","language":"en","title":"Where Will Amazon Stock Be In 10 Years? Probably Lower Than You Think","url":"https://stock-news.laohu8.com/highlight/detail?id=1100733883","media":"seekingalpha","summary":"Summary\n\nDigging into AMZN, I found that after nearly doubling in price since the start of the pande","content":"<p><b>Summary</b></p>\n<ul>\n <li>Digging into AMZN, I found that after nearly doubling in price since the start of the pandemic, there isn't a whole lot of upside at today's prices.</li>\n <li>This is consistent with other work-from-home stocks I've analyzed.</li>\n <li>I'm projecting low-to-mid single-digit returns over the next decade for Amazon stock based on my own earnings modeling.</li>\n <li>There are important risks to Amazon from the competition, antitrust, and its high valuation.</li>\n</ul>\n<p><b>Is It Too Late to Buy Amazon?</b></p>\n<p>My recent series on<i>Seeking Alpha</i>has coveredpopular tech stocksand asked where they would trade in 5 years based on their valuations and earnings growth prospects. The series has been a hit. The general consensus is that while I expect large-cap tech to continue to have success in growing earnings, tech valuations are clearly outrunning earnings growth, meaning that the 20+ percent returns that investors are accustomed to in tech are unsustainable. Most large-cap stocks I've analyzed are offering 5 to 8 percent annual returns at current prices due to the remarkable surge in valuations since the start of the pandemic. Next up is the quintessential 21st-century growth stock, Amazon (AMZN).</p>\n<p>For this article, we're going to take it a step further and ask where Amazon stock will be in 10 years, in a nod to the company's remarkable growth. Since the start of the 21st century, Amazon has moved a substantial portion of commerce in the Western world from brick-and-mortar retailers to the internet, and built a massive cloud computing business from scratch. After splitting its stock several times in the late 1990s, Amazon went from about $80 per share in 2000 down to a low of less than $6 in the dot-com bust, to today's price of nearly $3500 per share. To understand where Amazon is going, first, you have to understand how it got to where it is.</p>\n<p><img src=\"https://static.tigerbbs.com/e7a341c7377e4554805faee634850885\" tg-width=\"635\" tg-height=\"435\" referrerpolicy=\"no-referrer\">Data by YCharts</p>\n<p>I would argue that there have been 3 phases in Amazon's history.</p>\n<ul>\n <li>The first phase was the dot-com boom and bust. At the time, Amazon was a small company that mostly sold books, music, and videos online. Wall Street got behind the stock, and money started pouring in. Media entrepreneur Henry Blodget, then an analyst for Oppenheimer,famously put a price target that was nearly double what the stock was trading for, only to see the stock surge through his price target in weeks. 2000 rolled around, the Fed pulled the punch bowl, and Amazon stock soon fell over 90 percent. In the first phase, investors clearly got overexcited about the prospects of Amazon and many other internet stocks. Amazon wouldn't take out the old high for nearly a decade, while many other dot-com companies simply disappeared.</li>\n <li>The second phase started in 2006 with the introduction of cloud computing. AWS had existed in limited formsince the early 2000s, but the launch of the cloud storage business by Andy Jassy, then a young executive at Amazon, would become a slow-motion home run as data needs for businesses grew exponentially over the next 15 years. By 2012, AWS revenue was over $1.5 billion. In a watershed moment that year, Netflix (NFLX) CEO Reed Hastings announced plans to move 100 percent of Netflix's infrastructure to AWS. By 2015, revenue hit $5 billion, by 2017, it was nearly $18 billion, and last year's revenue was nearly $50 billion and operating profit from AWS accounted fornearly two-thirds of Amazon's total operating profit. AWS drove Amazon's stock price and will continue to be the key driver in the future. As goes AWS, so goes Amazon.</li>\n <li>The third phase of Amazon's history is the coronavirus pandemic, which has seen a surge in AMZN's share price. With retailers shut down all over the world, Amazon became a lifeline to consumers battling shortages of goods and stay-at-home restrictions, and during the pandemic, Amazon asserted its position as the world's largest retailer. AWS's profits soared during the pandemic over big prior year comparables as companies increasingly turned to the internet to replace the work they used to do at offices. Since the start of the pandemic, Amazon's stock has nearly doubled.</li>\n</ul>\n<p>The question of whether it's too late to buy Amazon can only be answered by evaluating the company's valuation and growth prospects. Amazon is a hard stock to value because it operated at breakeven for many years in its growth phase, but as the company has matured I'm better able to make educated guesses at long-range forecasts for Amazon's prospects. And for Amazon shareholders, the main question now is whether the company can continue to grow earnings at rates close to what it has in the past.</p>\n<p><b>Does Amazon Stock Still Have Room to Grow?</b></p>\n<p>Amazon's share price has risen sharply during the pandemic. There are two schools of thought here.</p>\n<ol>\n <li>The first school of thought is that the pandemic has fundamentally reordered the world, giving an advantage to Amazon that it can continue to press. Under this view, Amazon stock is undervalued.</li>\n <li>The second school of thought is that the coronavirus pandemic priced in future growth for Amazon and other big companies and that this growth will slow. If this is the case and growth slows sufficiently, the previous advances in Amazon's share price are overdone and future returns will be low.</li>\n</ol>\n<p>Amazon trades for63x 2021 earnings and 48x consensus 2022 earnings.This makes the stock very risky if growth comes in below expectations in the future. As you go further out in the future, fewer analysts are willing to publish revenue and profit estimates, but we can get at least 5 sell-side analysts out to 2026, and the numbers until then are impressive. The analyst consensus is for earnings to grow byaround 30 percent annually for the next 5 years!I'm not so sure that growth can be achieved on this scale going forward, although no one knows for sure. The thinking here is that AWS will drive earnings growth, which is very likely to be true. How fast the earnings grow is what will make or break Amazon over the next 5-10 years.</p>\n<p>Interestingly, revenue growth is expected to be slower than earnings growth, averaging in the mid-teens. This is a contradiction that is apparently explained by the fact that analysts expect Amazon's profit margins to sequentially improve, which is not a given when your competitors include Google(NASDAQ:GOOG)(GOOGL) and Microsoft (MSFT).</p>\n<p>With this in mind, this is how fast AWS revenue has grown over the last decade.</p>\n<p><b>Yearly revenue growth rate, AWS</b></p>\n<p><img src=\"https://static.tigerbbs.com/454a1a6260ac83154c489246ddf9100b\" tg-width=\"640\" tg-height=\"429\"></p>\n<p><i>Source:Statista</i></p>\n<p>As you can see here, AWS revenue growth has slowed over time, but recently ticked up. In addition to revenue, Amazon reports operating profit for AWS but not figures for net income. However, as a whole, Amazon doesn't convert all of its operating income into net income, with the difference going to expenses like depreciation, amortization, and the ~$10 billion in stock options Amazon paid out last year to retain talent. Still, AWS is close to or above thewell-known rule of 40, and every year it stays at or above the rule of 40 Amazon's fundamental value increases. When growth eventually does slow for AWS, Amazon shareholders will be forced to reevaluate how much the stock is worth.</p>\n<p><b>Where Will Amazon Stock Be in 10 Years?</b></p>\n<p>We already know that AWS represents about 2/3rds of Amazon's profit (Amazon is expected to earn $55 EPS in 2021, so I'll assign $36 of that to AWS and $19 to everything else. Amazon doesn't disclose this in their financials so I'm making an educated guess). Let's do some handicapping. Let's say AWS income grows by 25 percent for the next 5 years (i.e. triples in 5 years) and grows 5 percent after, at which point the business is mature. For the rest of Amazon's business, we'll assume it grows at 10 percent for 5 years and 5 percent after.</p>\n<p>Under my forecast, AWS income would grow from $36/share to $110/share in 5 years, while other income would grow to $31/share. In sum, I calculate that Amazon would earn $141/share in 2026, which puts my best-guess estimate above the lowest sell-side earnings estimate but below the median estimate (I previously had estimatedEPS of $150 by 2025 the last time I covered Amazon, this update reflects my new modeling - I'm less sunny on AMZN's prospects the more I dig into its financials).</p>\n<p>In 2031, assuming 5 percent growth from maturity in 2026, my ballpark estimate for Amazon's earnings is $180 per share. As Amazon's growth slows to earth, I would expect the multiple to shrink a bit, to 28x by 2026, and to 25x by 2031. This gets me a new price target for Amazon of roughly $4000 by 2026 and $4500 by 2031. If you think the multiples will be higher on AMZN stock then add a few hundred dollars to both estimates.</p>\n<p>This is indicative of low-to-mid single-digit expected annual returns for Amazon stock. I do indeed think that the law of large numbers will eventually apply to Amazon and that their revenue growth won't continue like this forever. After all, we just came out of a pandemic, which was one of the best possible macro events that could happen to Amazon. Extrapolating future growth for work-from-home stocks when their products were influenced by pandemic demand and government restrictions is not going to match future reality in many cases.</p>\n<p>When you model Amazon's earnings, the future price estimates are very sensitive to the growth rate, which cuts both ways. If Amazon grows earnings faster for several years, the stock will appreciate correspondingly, maybe to $5000 or higher, but if growth slows, the 48x multiple will slowly bleed away, as has happened to thousands of tech companies in the past, and as happened to Amazon itself from 2000 to 2008. Obviously, the stock returns are very sensitive to the growth rate, if Amazon grows earnings to $300 per share like the high analyst estimate suggests by 2026 and then grows from there, then AMZN is easily a $7000+ stock. However, in my view, this would require implausibly high growth rates.</p>\n<p>I believe that when analysts hang these very high earnings numbers far out in the future that they're biased by what has happened in the past. Analysts underestimated AWS before, but now everyone is talking about AWS, which makes me think that they might be too excited about WFH plays just the same way people were overexcited about sections of tech in 2000. I would not, under any circumstances expect that companies that grew 30+ percent during COVID should continue to do so in the future unless proven otherwise.</p>\n<p>Amazon's valuation is high in part because it's one of the biggest holdings of the NASDAQ, which gets index money irrespective of whether the companies can continue to grow. Based on fundamentals, I expect several of the top NASDAQ holdings to see negative returns going forward, while others are likely to see low but positive returns. That is how tech investing works, by the way, your winners cover your losers. In Amazon's case, I see a lot of plausible ways it can go down and fewer ways it can go up. This is almost entirely due to the price change between the start of the pandemic and now.</p>\n<p><b>Risks to Amazon Stock</b></p>\n<ol>\n <li>Amazon is somewhat unusual forcapping salaries at $160kand paying the rest in restricted stock, which made some of its employees very rich, but partially at the expense of others who quit or were fired before their stock vests. The salary figures are significantly lower than other tech companies, while the stock component is higher. The turnover at Amazon appears to be dramatically higher than competitors like Google, which is known for having a gentler culture than Amazon. The business risk here is that since so much compensation is in stock and Amazon's corporate culture is so cutthroat, a falling share price could create a vicious cycle where talent leaves, leading to worse business performance, which then reinforces the cycle. The rising stock price led many employees and executives to tolerate the brutal culture at Amazon in the past, but if the stock does not continue to rise then Amazon could quickly have problems attracting and retaining talent. I've seen this happen before to companies in tech and finance, and it's not pretty when the negative feedback loop gets rolling. It's not something that is guaranteed to happen, but it is a risk I would consider.</li>\n <li>Antitrust could very possibly be an issue for Amazon. Amazon is facing anantitrust lawsuit in DCover the so-called most favored nation clause in its contract with third-party sellers. The Democratic House of Representatives antitrust subcommittee has Amazon inits crosshairs as well. Amazon is likely to argue that their business dominance is because they've reduced prices for consumers, but the real antitrust threat, in the long run, is that AWS will be broken up. When Amazon decided to block Parler from using AWS hosting, it made a decision that is likely to cause Republicans to take legal action against them in the future if they regain control of the White House. This is within the 10-year period that this article covers, and memories can be quite long in politics. Even without the Parler issue, Amazon's leadership is excessively involved in politics compared to competitors, which creates downside risk for shareholders. Politicians don't have to cause Amazon losses to cause pain for shareholders, because the valuation is so high, all they have to do is slow down the growth rate. The Federal government did not succeed inits bid to break up Microsoft in 2001, but Microsoft's share performance during the early 2000s was dismal.</li>\n <li>Competition is another risk that comes to mind. Amazon currently has a dominant market position, but as you read this, people at Microsoft and Google are looking for ways to cut into Amazon's market share. Amazon is \"king of the hill,\" but in tech, there are plenty of companies that had high valuations in 2000 and aren't kings anymore. This is Amazon's first time on top of the NASDAQ, and while Amazon's foresight got them to the top, I question whether they will necessarily be able to stay there. There are different skill sets required to get to the top and stay there, and the level of turnover at Amazon may make the next phase of their growth more challenging than it would be otherwise.</li>\n</ol>\n<p><b>Conclusion</b></p>\n<p>High-growth stocks like Amazon are notoriously hard to value. Analysts continually underestimated AWS, which drove Amazon stock to where it is today. Now, based on revenue growth trends and back-of-the-envelope calculations it looks to me like they're overestimating it, given increased competition and industry maturity. This is classic Wall Street, for analysts to initially underestimate a trend and then hop on the train only to overestimate it.</p>\n<p>There's an old joke that if you add up all of the management market share projections in any industry they'll add up to well over 100 percent, and I think the same is true for cloud computing stocks at the moment. While I expect Amazon will grow into its valuation and at least have some positive return for shareholders, I don't expect much upside from the stock, and there are risks to the downside related to competition, antitrust, and valuation.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will Amazon Stock Be In 10 Years? 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Probably Lower Than You Think\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435898-amazon-stock-10-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDigging into AMZN, I found that after nearly doubling in price since the start of the pandemic, there isn't a whole lot of upside at today's prices.\nThis is consistent with other work-from-...</p>\n\n<a href=\"https://seekingalpha.com/article/4435898-amazon-stock-10-years\">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"},"source_url":"https://seekingalpha.com/article/4435898-amazon-stock-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1100733883","content_text":"Summary\n\nDigging into AMZN, I found that after nearly doubling in price since the start of the pandemic, there isn't a whole lot of upside at today's prices.\nThis is consistent with other work-from-home stocks I've analyzed.\nI'm projecting low-to-mid single-digit returns over the next decade for Amazon stock based on my own earnings modeling.\nThere are important risks to Amazon from the competition, antitrust, and its high valuation.\n\nIs It Too Late to Buy Amazon?\nMy recent series onSeeking Alphahas coveredpopular tech stocksand asked where they would trade in 5 years based on their valuations and earnings growth prospects. The series has been a hit. The general consensus is that while I expect large-cap tech to continue to have success in growing earnings, tech valuations are clearly outrunning earnings growth, meaning that the 20+ percent returns that investors are accustomed to in tech are unsustainable. Most large-cap stocks I've analyzed are offering 5 to 8 percent annual returns at current prices due to the remarkable surge in valuations since the start of the pandemic. Next up is the quintessential 21st-century growth stock, Amazon (AMZN).\nFor this article, we're going to take it a step further and ask where Amazon stock will be in 10 years, in a nod to the company's remarkable growth. Since the start of the 21st century, Amazon has moved a substantial portion of commerce in the Western world from brick-and-mortar retailers to the internet, and built a massive cloud computing business from scratch. After splitting its stock several times in the late 1990s, Amazon went from about $80 per share in 2000 down to a low of less than $6 in the dot-com bust, to today's price of nearly $3500 per share. To understand where Amazon is going, first, you have to understand how it got to where it is.\nData by YCharts\nI would argue that there have been 3 phases in Amazon's history.\n\nThe first phase was the dot-com boom and bust. At the time, Amazon was a small company that mostly sold books, music, and videos online. Wall Street got behind the stock, and money started pouring in. Media entrepreneur Henry Blodget, then an analyst for Oppenheimer,famously put a price target that was nearly double what the stock was trading for, only to see the stock surge through his price target in weeks. 2000 rolled around, the Fed pulled the punch bowl, and Amazon stock soon fell over 90 percent. In the first phase, investors clearly got overexcited about the prospects of Amazon and many other internet stocks. Amazon wouldn't take out the old high for nearly a decade, while many other dot-com companies simply disappeared.\nThe second phase started in 2006 with the introduction of cloud computing. AWS had existed in limited formsince the early 2000s, but the launch of the cloud storage business by Andy Jassy, then a young executive at Amazon, would become a slow-motion home run as data needs for businesses grew exponentially over the next 15 years. By 2012, AWS revenue was over $1.5 billion. In a watershed moment that year, Netflix (NFLX) CEO Reed Hastings announced plans to move 100 percent of Netflix's infrastructure to AWS. By 2015, revenue hit $5 billion, by 2017, it was nearly $18 billion, and last year's revenue was nearly $50 billion and operating profit from AWS accounted fornearly two-thirds of Amazon's total operating profit. AWS drove Amazon's stock price and will continue to be the key driver in the future. As goes AWS, so goes Amazon.\nThe third phase of Amazon's history is the coronavirus pandemic, which has seen a surge in AMZN's share price. With retailers shut down all over the world, Amazon became a lifeline to consumers battling shortages of goods and stay-at-home restrictions, and during the pandemic, Amazon asserted its position as the world's largest retailer. AWS's profits soared during the pandemic over big prior year comparables as companies increasingly turned to the internet to replace the work they used to do at offices. Since the start of the pandemic, Amazon's stock has nearly doubled.\n\nThe question of whether it's too late to buy Amazon can only be answered by evaluating the company's valuation and growth prospects. Amazon is a hard stock to value because it operated at breakeven for many years in its growth phase, but as the company has matured I'm better able to make educated guesses at long-range forecasts for Amazon's prospects. And for Amazon shareholders, the main question now is whether the company can continue to grow earnings at rates close to what it has in the past.\nDoes Amazon Stock Still Have Room to Grow?\nAmazon's share price has risen sharply during the pandemic. There are two schools of thought here.\n\nThe first school of thought is that the pandemic has fundamentally reordered the world, giving an advantage to Amazon that it can continue to press. Under this view, Amazon stock is undervalued.\nThe second school of thought is that the coronavirus pandemic priced in future growth for Amazon and other big companies and that this growth will slow. If this is the case and growth slows sufficiently, the previous advances in Amazon's share price are overdone and future returns will be low.\n\nAmazon trades for63x 2021 earnings and 48x consensus 2022 earnings.This makes the stock very risky if growth comes in below expectations in the future. As you go further out in the future, fewer analysts are willing to publish revenue and profit estimates, but we can get at least 5 sell-side analysts out to 2026, and the numbers until then are impressive. The analyst consensus is for earnings to grow byaround 30 percent annually for the next 5 years!I'm not so sure that growth can be achieved on this scale going forward, although no one knows for sure. The thinking here is that AWS will drive earnings growth, which is very likely to be true. How fast the earnings grow is what will make or break Amazon over the next 5-10 years.\nInterestingly, revenue growth is expected to be slower than earnings growth, averaging in the mid-teens. This is a contradiction that is apparently explained by the fact that analysts expect Amazon's profit margins to sequentially improve, which is not a given when your competitors include Google(NASDAQ:GOOG)(GOOGL) and Microsoft (MSFT).\nWith this in mind, this is how fast AWS revenue has grown over the last decade.\nYearly revenue growth rate, AWS\n\nSource:Statista\nAs you can see here, AWS revenue growth has slowed over time, but recently ticked up. In addition to revenue, Amazon reports operating profit for AWS but not figures for net income. However, as a whole, Amazon doesn't convert all of its operating income into net income, with the difference going to expenses like depreciation, amortization, and the ~$10 billion in stock options Amazon paid out last year to retain talent. Still, AWS is close to or above thewell-known rule of 40, and every year it stays at or above the rule of 40 Amazon's fundamental value increases. When growth eventually does slow for AWS, Amazon shareholders will be forced to reevaluate how much the stock is worth.\nWhere Will Amazon Stock Be in 10 Years?\nWe already know that AWS represents about 2/3rds of Amazon's profit (Amazon is expected to earn $55 EPS in 2021, so I'll assign $36 of that to AWS and $19 to everything else. Amazon doesn't disclose this in their financials so I'm making an educated guess). Let's do some handicapping. Let's say AWS income grows by 25 percent for the next 5 years (i.e. triples in 5 years) and grows 5 percent after, at which point the business is mature. For the rest of Amazon's business, we'll assume it grows at 10 percent for 5 years and 5 percent after.\nUnder my forecast, AWS income would grow from $36/share to $110/share in 5 years, while other income would grow to $31/share. In sum, I calculate that Amazon would earn $141/share in 2026, which puts my best-guess estimate above the lowest sell-side earnings estimate but below the median estimate (I previously had estimatedEPS of $150 by 2025 the last time I covered Amazon, this update reflects my new modeling - I'm less sunny on AMZN's prospects the more I dig into its financials).\nIn 2031, assuming 5 percent growth from maturity in 2026, my ballpark estimate for Amazon's earnings is $180 per share. As Amazon's growth slows to earth, I would expect the multiple to shrink a bit, to 28x by 2026, and to 25x by 2031. This gets me a new price target for Amazon of roughly $4000 by 2026 and $4500 by 2031. If you think the multiples will be higher on AMZN stock then add a few hundred dollars to both estimates.\nThis is indicative of low-to-mid single-digit expected annual returns for Amazon stock. I do indeed think that the law of large numbers will eventually apply to Amazon and that their revenue growth won't continue like this forever. After all, we just came out of a pandemic, which was one of the best possible macro events that could happen to Amazon. Extrapolating future growth for work-from-home stocks when their products were influenced by pandemic demand and government restrictions is not going to match future reality in many cases.\nWhen you model Amazon's earnings, the future price estimates are very sensitive to the growth rate, which cuts both ways. If Amazon grows earnings faster for several years, the stock will appreciate correspondingly, maybe to $5000 or higher, but if growth slows, the 48x multiple will slowly bleed away, as has happened to thousands of tech companies in the past, and as happened to Amazon itself from 2000 to 2008. Obviously, the stock returns are very sensitive to the growth rate, if Amazon grows earnings to $300 per share like the high analyst estimate suggests by 2026 and then grows from there, then AMZN is easily a $7000+ stock. However, in my view, this would require implausibly high growth rates.\nI believe that when analysts hang these very high earnings numbers far out in the future that they're biased by what has happened in the past. Analysts underestimated AWS before, but now everyone is talking about AWS, which makes me think that they might be too excited about WFH plays just the same way people were overexcited about sections of tech in 2000. I would not, under any circumstances expect that companies that grew 30+ percent during COVID should continue to do so in the future unless proven otherwise.\nAmazon's valuation is high in part because it's one of the biggest holdings of the NASDAQ, which gets index money irrespective of whether the companies can continue to grow. Based on fundamentals, I expect several of the top NASDAQ holdings to see negative returns going forward, while others are likely to see low but positive returns. That is how tech investing works, by the way, your winners cover your losers. In Amazon's case, I see a lot of plausible ways it can go down and fewer ways it can go up. This is almost entirely due to the price change between the start of the pandemic and now.\nRisks to Amazon Stock\n\nAmazon is somewhat unusual forcapping salaries at $160kand paying the rest in restricted stock, which made some of its employees very rich, but partially at the expense of others who quit or were fired before their stock vests. The salary figures are significantly lower than other tech companies, while the stock component is higher. The turnover at Amazon appears to be dramatically higher than competitors like Google, which is known for having a gentler culture than Amazon. The business risk here is that since so much compensation is in stock and Amazon's corporate culture is so cutthroat, a falling share price could create a vicious cycle where talent leaves, leading to worse business performance, which then reinforces the cycle. The rising stock price led many employees and executives to tolerate the brutal culture at Amazon in the past, but if the stock does not continue to rise then Amazon could quickly have problems attracting and retaining talent. I've seen this happen before to companies in tech and finance, and it's not pretty when the negative feedback loop gets rolling. It's not something that is guaranteed to happen, but it is a risk I would consider.\nAntitrust could very possibly be an issue for Amazon. Amazon is facing anantitrust lawsuit in DCover the so-called most favored nation clause in its contract with third-party sellers. The Democratic House of Representatives antitrust subcommittee has Amazon inits crosshairs as well. Amazon is likely to argue that their business dominance is because they've reduced prices for consumers, but the real antitrust threat, in the long run, is that AWS will be broken up. When Amazon decided to block Parler from using AWS hosting, it made a decision that is likely to cause Republicans to take legal action against them in the future if they regain control of the White House. This is within the 10-year period that this article covers, and memories can be quite long in politics. Even without the Parler issue, Amazon's leadership is excessively involved in politics compared to competitors, which creates downside risk for shareholders. Politicians don't have to cause Amazon losses to cause pain for shareholders, because the valuation is so high, all they have to do is slow down the growth rate. The Federal government did not succeed inits bid to break up Microsoft in 2001, but Microsoft's share performance during the early 2000s was dismal.\nCompetition is another risk that comes to mind. Amazon currently has a dominant market position, but as you read this, people at Microsoft and Google are looking for ways to cut into Amazon's market share. Amazon is \"king of the hill,\" but in tech, there are plenty of companies that had high valuations in 2000 and aren't kings anymore. This is Amazon's first time on top of the NASDAQ, and while Amazon's foresight got them to the top, I question whether they will necessarily be able to stay there. There are different skill sets required to get to the top and stay there, and the level of turnover at Amazon may make the next phase of their growth more challenging than it would be otherwise.\n\nConclusion\nHigh-growth stocks like Amazon are notoriously hard to value. Analysts continually underestimated AWS, which drove Amazon stock to where it is today. Now, based on revenue growth trends and back-of-the-envelope calculations it looks to me like they're overestimating it, given increased competition and industry maturity. This is classic Wall Street, for analysts to initially underestimate a trend and then hop on the train only to overestimate it.\nThere's an old joke that if you add up all of the management market share projections in any industry they'll add up to well over 100 percent, and I think the same is true for cloud computing stocks at the moment. While I expect Amazon will grow into its valuation and at least have some positive return for shareholders, I don't expect much upside from the stock, and there are risks to the downside related to competition, antitrust, and valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129309733,"gmtCreate":1624355826222,"gmtModify":1703834245296,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129309733","repostId":"1107327307","repostType":4,"repost":{"id":"1107327307","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","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>ByteDance Founder Donates $77 Million to Education Fund</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\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">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://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129309209,"gmtCreate":1624355802201,"gmtModify":1703834244647,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Who here likes Disney?","listText":"Who here likes Disney?","text":"Who here likes Disney?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129309209","repostId":"1186919064","repostType":4,"repost":{"id":"1186919064","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Disney Stock Split This Year?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">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://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167347164,"gmtCreate":1624249480258,"gmtModify":1703831564146,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Wow!! This will spook some investors/traders","listText":"Wow!! This will spook some investors/traders","text":"Wow!! This will spook some investors/traders","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167347164","repostId":"2144218770","repostType":4,"repost":{"id":"2144218770","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624060559,"share":"https://ttm.financial/m/news/2144218770?lang=&edition=fundamental","pubTime":"2021-06-19 07:55","market":"us","language":"en","title":"Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144218770","media":"Reuters","summary":"BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc executive and president Jerome Guillen, wh","content":"<p>BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc&nbsp;executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a>.</p>\n<p>The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on June 14, and 90,111 stocks worth $55 million on June 10.</p>\n<p>\"It could raise some eyebrows for investors,\" Wedbush Securities analyst Daniel Ives said, adding that investors are going to watch closely to see if he sells more.</p>\n<p>Guillen, a former Mercedes engineer who was with Tesla since 2010, oversaw the company's entire vehicles business before being named president of the Tesla Heavy Trucking unit in March. He left the company on June 3.</p>\n<p>The departure of Guillen, <a href=\"https://laohu8.com/S/AONE\">one</a> of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.</p>\n<p>Stock options give employees and executives the right to buy their company's stock at a specified price for a certain period of time. When share prices rise above the exercise price, they can buy the stocks at discounted prices.</p>\n<p>It was not immediately known how much Guillen paid to exercise the options.</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>Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing</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\">\nEx-Tesla president sold stocks worth $247 million since June 10-SEC filing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-19 07:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc&nbsp;executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a>.</p>\n<p>The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on June 14, and 90,111 stocks worth $55 million on June 10.</p>\n<p>\"It could raise some eyebrows for investors,\" Wedbush Securities analyst Daniel Ives said, adding that investors are going to watch closely to see if he sells more.</p>\n<p>Guillen, a former Mercedes engineer who was with Tesla since 2010, oversaw the company's entire vehicles business before being named president of the Tesla Heavy Trucking unit in March. He left the company on June 3.</p>\n<p>The departure of Guillen, <a href=\"https://laohu8.com/S/AONE\">one</a> of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.</p>\n<p>Stock options give employees and executives the right to buy their company's stock at a specified price for a certain period of time. When share prices rise above the exercise price, they can buy the stocks at discounted prices.</p>\n<p>It was not immediately known how much Guillen paid to exercise the options.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144218770","content_text":"BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission $(SEC.UK)$.\nThe filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on June 14, and 90,111 stocks worth $55 million on June 10.\n\"It could raise some eyebrows for investors,\" Wedbush Securities analyst Daniel Ives said, adding that investors are going to watch closely to see if he sells more.\nGuillen, a former Mercedes engineer who was with Tesla since 2010, oversaw the company's entire vehicles business before being named president of the Tesla Heavy Trucking unit in March. He left the company on June 3.\nThe departure of Guillen, one of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.\nStock options give employees and executives the right to buy their company's stock at a specified price for a certain period of time. When share prices rise above the exercise price, they can buy the stocks at discounted prices.\nIt was not immediately known how much Guillen paid to exercise the options.","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":157904856,"gmtCreate":1625558758975,"gmtModify":1703743669857,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Damn, things are getting worse for didi","listText":"Damn, things are getting worse for didi","text":"Damn, things are getting worse for didi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157904856","repostId":"1145795655","repostType":4,"isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129308236,"gmtCreate":1624356041525,"gmtModify":1703834249171,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"bullish on Square","listText":"bullish on Square","text":"bullish on Square","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129308236","repostId":"1188931868","repostType":4,"repost":{"id":"1188931868","pubTimestamp":1624352654,"share":"https://ttm.financial/m/news/1188931868?lang=&edition=fundamental","pubTime":"2021-06-22 17:04","market":"us","language":"en","title":"Square: Winner Takes Most","url":"https://stock-news.laohu8.com/highlight/detail?id=1188931868","media":"seekingalpha","summary":"Summary\n\nArguably the most important fintech metric is customer acquisition cost (CAC). Square’s mas","content":"<p><b>Summary</b></p>\n<ul>\n <li>Arguably the most important fintech metric is customer acquisition cost (CAC). Square’s mastery of viral marketing results in the lowest CAC in the digital wallet space. This is a moat.</li>\n <li>Square is building massive ecosystems in Cash App and Seller that are just beginning to overlap, which results in massive cross-selling opportunities and network effects.</li>\n <li>Square banking is a major catalyst that has not received sufficient attention from analysts or investors.</li>\n <li>Square has spent an entire year building as-of-yet unannounced Square Checking and Square Banking products. This is a shot across the bow at incumbent banks, and indicates Square is ready for a higher level of fintech warfare.</li>\n <li>Square’s future relationship with crypto remains undercooked, and Dorsey’s overfocus on Bitcoin to the exclusion of alternative coins is an uncommon mistake.</li>\n</ul>\n<p><b>Square's Investment Thesis</b></p>\n<p>When I begin researching a company for an article, I always start with the CEO. For as much as I know about balance sheets and technical analysis, it is the CEO that I am most critical and analytical about.</p>\n<p>This is reflected in the types of companies I invest in and write about. Opendoor (OPEN), SoFi (SOFI), Zillow (Z) and Palantir (PLTR) are each led by visionary CEO’s, with colorful histories who make massive contributions to their industries. In my opinion, the story behind these disruptive companies and the CEOs who lead them can inform investment decisions as surely as an earnings report.</p>\n<p>Writing this article began no differently. Jack Dorsey, the $15 Billion dollar man who leads both Square (SQ) and Twitter (TWTR), is one of Wall Street’s biggest eccentricities. He has a penchant for meditating, facial hair, intermittent fasting, 80+ minute morning walks and wields an invisible armor that has allowed him to endure a decade of investors ranting he over-focuses on Square to the detriment of Twitter (sorry Twitter longs).</p>\n<p>Today, we will dive into Square – its competitive advantages over neo-banking peers and incumbents alike, Square's banking opportunity, as well as an update on Square’s cryptocurrency initiatives. Square is the best positioned company in the digital wallet space, and Jack's advertising expertise gained by founding and running Twitter has allowed Square to deploy viral marketing campaigns to fuel absurd growth in Cash App. Cash App's success is rivaled only by Square's Seller ecosystem, and these two businesses are just beginning to combine, interact and compound.</p>\n<p>We're going to talk about all of this here. But first, I want to share a story about how a young Square, in its first years as a company, suffered a direct Amazon (AMZN) salvo and somehow emerged stronger.</p>\n<p><b>How Square Survived An Amazon Siege</b></p>\n<p>Bookstores, brick and mortal retail, supermarkets, meal-kits, enterprise cloud, the list of industries Amazon has bled out and internalized stretches on.</p>\n<p>Amazon has earned the moniker, “The Death Star.”Bought and paid for it. Over the past two decades no other company has so pervasively and efficiently disrupted legacy industries.</p>\n<p>As a brief anecdote, in his early days at Amazon, CEO and founder Jeff Bezos was always searching for ways to eliminate company overhead. In his mind, the less Amazon spent on operations, the more savings could be passed on to Amazon customers.</p>\n<p>In this vein, instead of purchasing a fancy desk for his office, Bezos built his own out of a recycled door and some two by fours. This practice caught on, and Amazon's employees participated broadly by building their own desks out of wooden doors.</p>\n<p>The wooden door initiative served two purposes: 1) it was a cultural commitment to humility, from the top down, and 2) it emphasized the importance of spending money only on initiatives that improve the customer experience.</p>\n<p>There's a picture of Bezos working away on his door deskhere. I’m tempted to frame this photograph, and I probably would if my fiancé would let me. Just confirmed, she says no. But I love this combined concept of customer obsession and frugality.</p>\n<p>From a capital allocation, leadership, and customer-centric perspective, it’s easy to look back now and recognize how Amazon became the goliath it is today. Bezos may not look it, but he is a ruthless, patient CEO whose basilisk gaze you pray doesn’t fall on your industry.</p>\n<p>So when Amazon turned its cannons on a private, relatively small payment processing company named Square in 2014, you didn’t have to be a rocket scientist to know who would be left standing after the dust settled.</p>\n<p>But if you assumed it would be Amazon, you would have been wrong.</p>\n<p>“Amazon Register” was built to kill Square. It undercut Square’s pricing by 30% and offered live customer service (which Square did not have). Even by Square co-founderJim McKelvey’s own admission, Amazon’s product worked better than Square’s ‘dongle’ did (I hate that word as much as you do and I promise to not use it again).</p>\n<p>But Square survived. Thrived in fact. Square continued to execute along the same playbook, launched new features like Square Capital to the innovation stack, and grew roughly 10% week over week that year. Amazon, for all its strength, could not compete with Square in offerings, and small businesses were understandably skeptical about partnering with Amazon.</p>\n<p>After the year-long siege, on October 30, 2015, Amazon gracefully bowed out, announcing they were shuttering Amazon Register. When the hardware was officially discontinued in early 2016, Amazon mailed a white Square card reader to each of its business customers.</p>\n<p>And the rest is history.</p>\n<p>Since Square’s IPO in 2015, the company has continued to fend off fearsome competitors such as Intuit (INTU), PayPal (PYPL), and Shopify (SHOP), not to mention the largest banking systems in the world. Square has ridden a wave of timely and engaging financial innovations to a market cap of $107 Billion at the time of this writing. Cash App’s growth has been an absolute rocket ship, and Dorsey is delivering on the long term vision of connecting Seller and Cash App to one, unified ecosystem.</p>\n<p><b>Square’s Moat: Customer Acquisition Cost</b></p>\n<p>In the banking space, the company that optimizes lifetime value [LTV] vs customer acquisition cost [CAC] is the company that wins.</p>\n<p>Read that again, write it down, bold it and underline it.</p>\n<p>This is not supernatural. Behind the B-school terminology is a basic principle of unit economics: make more from a customer than it costs to acquire them, and do it better than competitors.</p>\n<p>Of all the participants in the banking ecosystem, I believe Square has the lowest customer acquisition costs. This is a major part of the Dorsey value proposition, and misunderstood.</p>\n<p>As founder and CEO of both Square and Twitter, Dorsey has been able to leverage his incredibly nuanced understanding of viral communication to inform viral marketing. Starting in 2017, Twitter mediated campaigns like #CashAppFriday, in which Square offers thousands of dollars to Twitter users who post their Cash App handle, has drawn massive numbers of comments, retweets and Cash App downloads. Partnerships with engaging content developers like the Joe Rogan Experience, Lex Fridmen, Burger King, Travis Scott and Lil B have continued to drive brand awareness. This brand awareness is critical, especially in a crowded digital banking space.According to this study, 82% of app or internet searchers choose a familiar brand for the first click.</p>\n<p>As an example of viral and opportunistic marketing, in 2018 a prominent content creator on TikTok, “Shiggy” released a SoundCloud song about Cash App. After striking a sponsorship deal with Shiggy in 2019, the Cash App marketing team edited a shorter version of the single, and reached out to TikTok influencers with the below message:</p>\n<blockquote>\n Create a TikTok with your best interpretation of the catchy song in everyday situations. And use hashtag #CashAppThatMoney.\n</blockquote>\n<p>Source:Business Insider</p>\n<p>To date, the Shiggy Cash App song has beenused in 9,138 videos. Prominent TikTok influencers such as Addison Rae (81+ million followers) have leveraged their massive platforms to drive hundreds of millions of views.</p>\n<p>Look at the below tweet I found from Cash App on May 7thof this year. By leveraging Cash App’s 1.2 million Twitter followers, $5k in marketing spend and goodwill resulted in 17.4k comments and 26.7k retweets. Those retweets create a reverberation in the Twitter ecosystem and result in a geometric increase in captive eyeballs. Now I am not a TikTok'er and I started a Twitter account within the past month, but it's important to appreciate Square's masterful use of these millennial and Gen Z driven platforms. Assuming roughly one in 50 retweeting individuals downloads CashApp, Square’s CAC is &lt; $10 dollars.</p>\n<p><img src=\"https://static.tigerbbs.com/dee784888614bff23c414cecae7e5f7e\" tg-width=\"640\" tg-height=\"171\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:CashApp Twitter</p>\n<p>The takehome point from this type of marketing? Cash App is able to climb a more vertical slope of user acquisition at lower cost than challenger and incumbent banks alike.</p>\n<p>ARK Invest estimatesincumbent banks spend an average of $925 dollars on customer acquisition. On Square’s most recent earning’s call, management confirmed their CAC was less than $5 dollars. Said another way, Square’s marketing and customer acquisition is 18,500% higher than your retail bank.</p>\n<p>So how has Square flown under the radar of the massive U.S. banking industry?</p>\n<p>Square’s strategy to largely target unbanked or “under-banked” individuals allowed them to build a platform without drawing the attention of Wells Fargo (WFC), Bank of America (BAC), and JPMorgan Chase (JPM). But Square is now one of the top ten largest ‘banks’ in the United States by market cap, and is expanding its total addressable market to those who are already clients of traditional banks.</p>\n<p>This strategy of finding an underserved population, providing value to those customers, then broadening offerings and selling upmarket is in Square’s DNA. They followed the same playbook on the Seller side, initially targeting small businesses doing less than $100k in GMV, but today Square's fastest growing segment is mid- to large-size businesses.</p>\n<p>Square’s peer Venmo cannot flex the same marketing efficiencies as Cash App. Cash App continues to hold the crown as the most downloaded finance application on Apple’s App Store (AAPL) as well as Google Play Store (GOOG), more popular than Venmo, PayPal Cash, and Robinhood (RBNHD). Furthermore, Square has a full 10X more followers than Venmo on Twitter. These advantages manifest as Square enjoying a healthy gap over Venmo in search as well.</p>\n<p><img src=\"https://static.tigerbbs.com/f0ee1067df9e647949f72f4d772af186\" tg-width=\"640\" tg-height=\"172\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Similarweb</p>\n<p><img src=\"https://static.tigerbbs.com/df7398ef5a030917f6de3ac8d13fe5a9\" tg-width=\"640\" tg-height=\"394\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: I made this with help fromGoogle Trends</p>\n<p>Perhaps most importantly, although Venmo has more monthly active users (MAU’s), Square is better at<i>monetizing</i>these users.According to RBC Capital analyst DanielPerlin, Venmo garners roughly $12 from each MAU, whereas Cash App brings in $54. And due to industry low CAC, Cash App gets the extra benefit of being more profitable as well.</p>\n<p>While there is much more that can be said about Square and PayPal’s competition in the challenger banking space, it is this customer acquisition and long term value that underlies why I prefer holding shares of Square over PayPal.</p>\n<p>Square is just doing the important things better than Venmo. Part of this is Dorsey's social media advantages, but I believe much if it has to do with the fact that Venmo was acquired by PayPal, whereas Square remains independent. The innovative connective tissue which once held Venmo together and fostered bold ideas and big bets was absorbed into the massive PayPal machine, and lost.</p>\n<p>As a SoFi shareholder and bull, I was disappointed to learn in my research that SoFi has been unable thus far to creatively turn its Twitter presence into a customer acquisition engine. Despite 120k+ followers, the SoFi Twitter page has relatively low engagement and no promotional activities reminiscent of #CashAppFriday. SoFi CEO Anthony Noto coincidentally was formerly COO of Twitter when #CashAppFriday first launched, and I believe he will be able to leverage this experience into a more engaging social media presence. Fortunately for SoFi, their CAC's are low (~$40) with much higher LTV's than Cash App as of now (roughly double, close to $2,000 with cross selling into lending).</p>\n<p><b>Square Financial Services: A Bank For All Mankind</b></p>\n<p>On March 1, 2021, Square announced its banking service had begun operations after completing the charter approval process with the FDIC. This is a massive catalyst for Square’s business, and positions them squarely against the glacially slow incumbent banks.</p>\n<p>I recently wrote adeep dive on SoFi(SOFI), which is also pursuing a bank charter, and discussed the massive benefits these fintech companies inherit by building banking infrastructure. With this banking platform, Square will be able to make loans using deposits on its platform, originate loans to small businesses, and improve profitability.</p>\n<p>About a month ago, an iOS developer namedSteve Moser discovered codeon a Square software update revealing new products “Square Checking” and “Square Savings.” Based on the code, Square is planning to offer 0.5% interest rates for its savings accounts through 2021, a full 8+ times higher than thenational savings account average.</p>\n<p>Square's banking play is a continuation of the playbook that led them to purchase Credit Karma’s tax preparation business in 2020. At the time of the acquisition, roughly 2 million Americans used Karma to file returns, with an average refund of $2k. Those tax returns were then deposited in Cash App accounts, where fintech magic happens. Higher account deposits can be loaned out, drive increased transaction volume, and ultimately elevate the LTV of the user.</p>\n<p>SoFi is doing something similar with its $3k account minimums for SoFi IPO Invest, and Square’s banking venture has the opportunity to both elevate account balances and steal additional customers from incumbent banks.</p>\n<p>And the incumbent banks are terrified. See what Jamie Dimon, CEO of JP Morgan and perhaps the most famous banker in the world has said about Square over the years.</p>\n<blockquote>\n What does the small business want? They wanted to process cash and checks and debit on the same machine. We didn’t give them that opportunity. Square did.\n</blockquote>\n<p>Jamie Dimon, CEO, JP Morgan, Investor Day, 2019</p>\n<p>And more recently when asked if JPM should be scared of challenger banks like Square:</p>\n<blockquote>\n Absolutely we should be scared s---less about that. We’ve just got to get quicker, better, faster.\n</blockquote>\n<p>Jamie Dimon, CEO, JP Morgan, Investor Day, January, 2021</p>\n<p>Most importantly, adding banking services multiplies the LTV of Square's customers, and is a major step towards Cash App becoming a financial super app. The single biggest money maker for individual banking customers is checking and savings accounts. According to an ARK Invest white paper, LTV per retail banking customer is roughly $3,600, of which a full 25%, or $900 is checking and savings accounts.</p>\n<p><img src=\"https://static.tigerbbs.com/2bdfa91840a4611caf6808ad0c4bb076\" tg-width=\"640\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: ARK Invest, with annotations from me:Cash App vs Venmo</p>\n<p>You can breathlessly hype Square's Bitcoin opportunities and wax poetic about Cash App's booming Bitcoin revenue, but the meat and potatoes is here, right in front of us: Square banking. The weapon Square will use to dethrone the incumbent banks is slowly being drawn from its sheath.</p>\n<p><b>Jack Dorsey's Bitcoin Obsession</b></p>\n<p>For those of you who don't follow Dorsey on Twitter or read updates about the Bitcoin (BTC-USD) 2021 Convention, believe me when I say Jack is<i>convicted</i>about the role Bitcoin will play in the Internet’s future.</p>\n<blockquote>\n If I were not at Square or Twitter, I would be working on bitcoin. If bitcoin needed more help than Square or Twitter, I would leave them for bitcoin.\n</blockquote>\n<p>Jack Dorsey, CEO Square, CEO Twitter,Bitcoin 2021 Conference</p>\n<p>At the conference Dorsey announced Square is considering releasing a hardware Bitcoin wallet. For those unfamiliar, when you purchase cryptocurrency on an exchange, the vast majority of the time it is not actually<i>yours</i>, but is in fact an IOU. If you’ve heard the expression, “Not your keys, not your coins,” this is referring directly to this issue. If you don’t have a hardware wallet with a password only you have access to, then the coins don’t truly belong to you.</p>\n<p>Regarding Square's involvement inBitcoin hardware wallets, color me unimpressed. I was surprised to see Square’s stock pop on that news. I can’t really see a situation where a company doing $20+ Billion a year in sales like Square gets meaningful top or bottom line contribution from a glorified flash drive. It’s just not going to move the needle.</p>\n<p>To be honest, cryptocurrency is the biggest potential blind spot I see right now in Dorsey’s execution. Don’t get me wrong, as a Square shareholder I will<i>gladly accept a</i>1,047% increase year over year in Bitcoin revenue to $3.51 B as of Q1 2021. But Dorsey refusing to allow any other coins on the Cash App platform is, in my opinion, the wrong choice for Square and cryptocurrency in general. I have already heard several friends comment they see no role for Cash App because its “crypto features” only allow for Bitcoin trading.</p>\n<p>“That’s why we don’t deal with any other ‘currencies’ or ‘coins’ because we’re so focused on making bitcoin the native currency for the internet,”</p>\n<p>-Jack Dorsey, CEO Square</p>\n<p>Effectively, Dorsey is limiting features for Square’s Cash App users to focus all attention on Bitcoin. But that’s not really how cryptocurrency works – over the past several years the market share of Bitcoin has declined slightly as new platforms have generated interest and ease of investing in alternative coins. Diversity of coin options coincided with Bitcoin reaching its highest market capitalization of all time. I believe there is space for more than one coin in the future, and am personally invested in Ethereum (ETH-USD) due to the utility it offers as the nexus of Internet 3.0.</p>\n<p>I would love to see Dorsey developing revenue-driving crypto services such as decentralized finance for Square. I said this for SoFi, and I will say it again for Square: a staking system, by which users are granted upsize interest for holding Bitcoin in their Cash App, for example, would dramatically elevate Cash App’s value proposition. This is something for all challenger banks to explore and invest in, and it is a game changer.</p>\n<p>All that said, Square has a history of surprising analysts and investors with clever solutions that delight customers. Bitcoin and the cryptocurrency landscape<i>needs</i>innovation and development, and Square is well capitalized in cash and intellect to address this issue.</p>\n<p><b>Square's Near Term Risks</b></p>\n<p>Despite how positive I feel about Square's long-term positioning in the fintech space, I would be remiss if I did not alert you to several considerable near term risks. Square is hurtling towards challenging 2020 comps, with Q2 2020 being the first quarter of government disbursement checks. While I expect Square to post excellent Seller and Cash App numbers, growth will inherently moderate. Furthermore, Cash App benefited from Robinhood's well-publicized meltdown in Q1, as retail investors searched for more transparent and reliable trading platforms. This resulted in a pull-forward of user growth, and I do not believe this is sustainable or reflective of Cash App's long term user growth rates.</p>\n<p>Furthermore, Square's Q1 2021 shareholder letter was chock full of new operating expense forecasts for Q2. Square promised stock based compensation would rise materially in Q2 as new hirings occurred (in Q1 was $118 million), an increase in product development and G&amp;A by $120 million, as well as an increase in transaction and loan losses by $40 million.</p>\n<p>A potential bright spot is Square's investment in DoorDash (DASH), which was a catalyst for Square's blowout Q4 2020 earnings. Based on a price of $168.5/share at the time of this writing, DoorDash's stock has appreciated 28.5% since Q1 end. That equates to a $65 million appreciation in Square's DoorDash equity ownership.</p>\n<p>Even still, netting out equity appreciation and Square's guided opex expansion, Square is guiding for roughly $110 million in additional Q2 spend. This is significant for a company that earned only $39 million last quarter, and Q1 was already benefiting from stimulus check disbursement and peak Bitcoin price and volatility.</p>\n<p>And that brings us to Bitcoin, of which Square owns 8,027 coins.</p>\n<p>Bitcoin's price at the conclusion of Q1 (March 31, 2021) was $58,724. At the time of this writing, one Bitcoin is valued at $32,270, or a 45% drop from the prior quarter.</p>\n<p><b>This is a loss of $259 million on Bitcoin alone in Q2, 2021.</b></p>\n<p>Gulp. All in, these costs will result in an estimated $370 million drag on Square's Q2 earnings. Despite these facts, consensus estimates for Square indicate the investment community believes Square will be<i>profitable</i>this quarter, with 86% earnings revisions up over the past three months. I would be shocked if Square turned a profit this next quarter.</p>\n<p>Accordingly, if you are considering a position in Square, this might be a good indication to wait on the sidelines and see how the next earnings call plays out. As a long term Square shareholder I will continue to hold, as none of these issues impacts my long term bullish stance on Square. I believe Bitcoin will recover over the balance of 2021, and Square's investments in product development and talent acquisition are necessary for the battle ahead with legacy banks.</p>\n<p><b>Concluding Thoughts</b></p>\n<p>The holy grail of the fintech space is low customer acquisition cost. Dorsey’s mastery of viral social media advertising generating low CAC's has been a primary catalyst of Square’s titanic growth rates. Square is just beginning to combine and integrate Cash App and Seller, which will manifest as increased user LTV and strengthening network effects.</p>\n<p>Between Square cross-selling Cash App and Seller, solidifying a banking presence with Square banking and the development and implementation of much-needed crypto services, Square will be the apex presence in the fintech space, with no natural predators. I believe this not only possible, but likely. As the future fintech king, Square has a vast ocean of opportunity ahead, because in the multi-trillion financial services space, winner takes most.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square: Winner Takes Most</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\">\nSquare: Winner Takes Most\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435869-square-winner-takes-most><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nArguably the most important fintech metric is customer acquisition cost (CAC). Square’s mastery of viral marketing results in the lowest CAC in the digital wallet space. This is a moat.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4435869-square-winner-takes-most\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://seekingalpha.com/article/4435869-square-winner-takes-most","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1188931868","content_text":"Summary\n\nArguably the most important fintech metric is customer acquisition cost (CAC). Square’s mastery of viral marketing results in the lowest CAC in the digital wallet space. This is a moat.\nSquare is building massive ecosystems in Cash App and Seller that are just beginning to overlap, which results in massive cross-selling opportunities and network effects.\nSquare banking is a major catalyst that has not received sufficient attention from analysts or investors.\nSquare has spent an entire year building as-of-yet unannounced Square Checking and Square Banking products. This is a shot across the bow at incumbent banks, and indicates Square is ready for a higher level of fintech warfare.\nSquare’s future relationship with crypto remains undercooked, and Dorsey’s overfocus on Bitcoin to the exclusion of alternative coins is an uncommon mistake.\n\nSquare's Investment Thesis\nWhen I begin researching a company for an article, I always start with the CEO. For as much as I know about balance sheets and technical analysis, it is the CEO that I am most critical and analytical about.\nThis is reflected in the types of companies I invest in and write about. Opendoor (OPEN), SoFi (SOFI), Zillow (Z) and Palantir (PLTR) are each led by visionary CEO’s, with colorful histories who make massive contributions to their industries. In my opinion, the story behind these disruptive companies and the CEOs who lead them can inform investment decisions as surely as an earnings report.\nWriting this article began no differently. Jack Dorsey, the $15 Billion dollar man who leads both Square (SQ) and Twitter (TWTR), is one of Wall Street’s biggest eccentricities. He has a penchant for meditating, facial hair, intermittent fasting, 80+ minute morning walks and wields an invisible armor that has allowed him to endure a decade of investors ranting he over-focuses on Square to the detriment of Twitter (sorry Twitter longs).\nToday, we will dive into Square – its competitive advantages over neo-banking peers and incumbents alike, Square's banking opportunity, as well as an update on Square’s cryptocurrency initiatives. Square is the best positioned company in the digital wallet space, and Jack's advertising expertise gained by founding and running Twitter has allowed Square to deploy viral marketing campaigns to fuel absurd growth in Cash App. Cash App's success is rivaled only by Square's Seller ecosystem, and these two businesses are just beginning to combine, interact and compound.\nWe're going to talk about all of this here. But first, I want to share a story about how a young Square, in its first years as a company, suffered a direct Amazon (AMZN) salvo and somehow emerged stronger.\nHow Square Survived An Amazon Siege\nBookstores, brick and mortal retail, supermarkets, meal-kits, enterprise cloud, the list of industries Amazon has bled out and internalized stretches on.\nAmazon has earned the moniker, “The Death Star.”Bought and paid for it. Over the past two decades no other company has so pervasively and efficiently disrupted legacy industries.\nAs a brief anecdote, in his early days at Amazon, CEO and founder Jeff Bezos was always searching for ways to eliminate company overhead. In his mind, the less Amazon spent on operations, the more savings could be passed on to Amazon customers.\nIn this vein, instead of purchasing a fancy desk for his office, Bezos built his own out of a recycled door and some two by fours. This practice caught on, and Amazon's employees participated broadly by building their own desks out of wooden doors.\nThe wooden door initiative served two purposes: 1) it was a cultural commitment to humility, from the top down, and 2) it emphasized the importance of spending money only on initiatives that improve the customer experience.\nThere's a picture of Bezos working away on his door deskhere. I’m tempted to frame this photograph, and I probably would if my fiancé would let me. Just confirmed, she says no. But I love this combined concept of customer obsession and frugality.\nFrom a capital allocation, leadership, and customer-centric perspective, it’s easy to look back now and recognize how Amazon became the goliath it is today. Bezos may not look it, but he is a ruthless, patient CEO whose basilisk gaze you pray doesn’t fall on your industry.\nSo when Amazon turned its cannons on a private, relatively small payment processing company named Square in 2014, you didn’t have to be a rocket scientist to know who would be left standing after the dust settled.\nBut if you assumed it would be Amazon, you would have been wrong.\n“Amazon Register” was built to kill Square. It undercut Square’s pricing by 30% and offered live customer service (which Square did not have). Even by Square co-founderJim McKelvey’s own admission, Amazon’s product worked better than Square’s ‘dongle’ did (I hate that word as much as you do and I promise to not use it again).\nBut Square survived. Thrived in fact. Square continued to execute along the same playbook, launched new features like Square Capital to the innovation stack, and grew roughly 10% week over week that year. Amazon, for all its strength, could not compete with Square in offerings, and small businesses were understandably skeptical about partnering with Amazon.\nAfter the year-long siege, on October 30, 2015, Amazon gracefully bowed out, announcing they were shuttering Amazon Register. When the hardware was officially discontinued in early 2016, Amazon mailed a white Square card reader to each of its business customers.\nAnd the rest is history.\nSince Square’s IPO in 2015, the company has continued to fend off fearsome competitors such as Intuit (INTU), PayPal (PYPL), and Shopify (SHOP), not to mention the largest banking systems in the world. Square has ridden a wave of timely and engaging financial innovations to a market cap of $107 Billion at the time of this writing. Cash App’s growth has been an absolute rocket ship, and Dorsey is delivering on the long term vision of connecting Seller and Cash App to one, unified ecosystem.\nSquare’s Moat: Customer Acquisition Cost\nIn the banking space, the company that optimizes lifetime value [LTV] vs customer acquisition cost [CAC] is the company that wins.\nRead that again, write it down, bold it and underline it.\nThis is not supernatural. Behind the B-school terminology is a basic principle of unit economics: make more from a customer than it costs to acquire them, and do it better than competitors.\nOf all the participants in the banking ecosystem, I believe Square has the lowest customer acquisition costs. This is a major part of the Dorsey value proposition, and misunderstood.\nAs founder and CEO of both Square and Twitter, Dorsey has been able to leverage his incredibly nuanced understanding of viral communication to inform viral marketing. Starting in 2017, Twitter mediated campaigns like #CashAppFriday, in which Square offers thousands of dollars to Twitter users who post their Cash App handle, has drawn massive numbers of comments, retweets and Cash App downloads. Partnerships with engaging content developers like the Joe Rogan Experience, Lex Fridmen, Burger King, Travis Scott and Lil B have continued to drive brand awareness. This brand awareness is critical, especially in a crowded digital banking space.According to this study, 82% of app or internet searchers choose a familiar brand for the first click.\nAs an example of viral and opportunistic marketing, in 2018 a prominent content creator on TikTok, “Shiggy” released a SoundCloud song about Cash App. After striking a sponsorship deal with Shiggy in 2019, the Cash App marketing team edited a shorter version of the single, and reached out to TikTok influencers with the below message:\n\n Create a TikTok with your best interpretation of the catchy song in everyday situations. And use hashtag #CashAppThatMoney.\n\nSource:Business Insider\nTo date, the Shiggy Cash App song has beenused in 9,138 videos. Prominent TikTok influencers such as Addison Rae (81+ million followers) have leveraged their massive platforms to drive hundreds of millions of views.\nLook at the below tweet I found from Cash App on May 7thof this year. By leveraging Cash App’s 1.2 million Twitter followers, $5k in marketing spend and goodwill resulted in 17.4k comments and 26.7k retweets. Those retweets create a reverberation in the Twitter ecosystem and result in a geometric increase in captive eyeballs. Now I am not a TikTok'er and I started a Twitter account within the past month, but it's important to appreciate Square's masterful use of these millennial and Gen Z driven platforms. Assuming roughly one in 50 retweeting individuals downloads CashApp, Square’s CAC is < $10 dollars.\n\nSource:CashApp Twitter\nThe takehome point from this type of marketing? Cash App is able to climb a more vertical slope of user acquisition at lower cost than challenger and incumbent banks alike.\nARK Invest estimatesincumbent banks spend an average of $925 dollars on customer acquisition. On Square’s most recent earning’s call, management confirmed their CAC was less than $5 dollars. Said another way, Square’s marketing and customer acquisition is 18,500% higher than your retail bank.\nSo how has Square flown under the radar of the massive U.S. banking industry?\nSquare’s strategy to largely target unbanked or “under-banked” individuals allowed them to build a platform without drawing the attention of Wells Fargo (WFC), Bank of America (BAC), and JPMorgan Chase (JPM). But Square is now one of the top ten largest ‘banks’ in the United States by market cap, and is expanding its total addressable market to those who are already clients of traditional banks.\nThis strategy of finding an underserved population, providing value to those customers, then broadening offerings and selling upmarket is in Square’s DNA. They followed the same playbook on the Seller side, initially targeting small businesses doing less than $100k in GMV, but today Square's fastest growing segment is mid- to large-size businesses.\nSquare’s peer Venmo cannot flex the same marketing efficiencies as Cash App. Cash App continues to hold the crown as the most downloaded finance application on Apple’s App Store (AAPL) as well as Google Play Store (GOOG), more popular than Venmo, PayPal Cash, and Robinhood (RBNHD). Furthermore, Square has a full 10X more followers than Venmo on Twitter. These advantages manifest as Square enjoying a healthy gap over Venmo in search as well.\n\nSource:Similarweb\n\nSource: I made this with help fromGoogle Trends\nPerhaps most importantly, although Venmo has more monthly active users (MAU’s), Square is better atmonetizingthese users.According to RBC Capital analyst DanielPerlin, Venmo garners roughly $12 from each MAU, whereas Cash App brings in $54. And due to industry low CAC, Cash App gets the extra benefit of being more profitable as well.\nWhile there is much more that can be said about Square and PayPal’s competition in the challenger banking space, it is this customer acquisition and long term value that underlies why I prefer holding shares of Square over PayPal.\nSquare is just doing the important things better than Venmo. Part of this is Dorsey's social media advantages, but I believe much if it has to do with the fact that Venmo was acquired by PayPal, whereas Square remains independent. The innovative connective tissue which once held Venmo together and fostered bold ideas and big bets was absorbed into the massive PayPal machine, and lost.\nAs a SoFi shareholder and bull, I was disappointed to learn in my research that SoFi has been unable thus far to creatively turn its Twitter presence into a customer acquisition engine. Despite 120k+ followers, the SoFi Twitter page has relatively low engagement and no promotional activities reminiscent of #CashAppFriday. SoFi CEO Anthony Noto coincidentally was formerly COO of Twitter when #CashAppFriday first launched, and I believe he will be able to leverage this experience into a more engaging social media presence. Fortunately for SoFi, their CAC's are low (~$40) with much higher LTV's than Cash App as of now (roughly double, close to $2,000 with cross selling into lending).\nSquare Financial Services: A Bank For All Mankind\nOn March 1, 2021, Square announced its banking service had begun operations after completing the charter approval process with the FDIC. This is a massive catalyst for Square’s business, and positions them squarely against the glacially slow incumbent banks.\nI recently wrote adeep dive on SoFi(SOFI), which is also pursuing a bank charter, and discussed the massive benefits these fintech companies inherit by building banking infrastructure. With this banking platform, Square will be able to make loans using deposits on its platform, originate loans to small businesses, and improve profitability.\nAbout a month ago, an iOS developer namedSteve Moser discovered codeon a Square software update revealing new products “Square Checking” and “Square Savings.” Based on the code, Square is planning to offer 0.5% interest rates for its savings accounts through 2021, a full 8+ times higher than thenational savings account average.\nSquare's banking play is a continuation of the playbook that led them to purchase Credit Karma’s tax preparation business in 2020. At the time of the acquisition, roughly 2 million Americans used Karma to file returns, with an average refund of $2k. Those tax returns were then deposited in Cash App accounts, where fintech magic happens. Higher account deposits can be loaned out, drive increased transaction volume, and ultimately elevate the LTV of the user.\nSoFi is doing something similar with its $3k account minimums for SoFi IPO Invest, and Square’s banking venture has the opportunity to both elevate account balances and steal additional customers from incumbent banks.\nAnd the incumbent banks are terrified. See what Jamie Dimon, CEO of JP Morgan and perhaps the most famous banker in the world has said about Square over the years.\n\n What does the small business want? They wanted to process cash and checks and debit on the same machine. We didn’t give them that opportunity. Square did.\n\nJamie Dimon, CEO, JP Morgan, Investor Day, 2019\nAnd more recently when asked if JPM should be scared of challenger banks like Square:\n\n Absolutely we should be scared s---less about that. We’ve just got to get quicker, better, faster.\n\nJamie Dimon, CEO, JP Morgan, Investor Day, January, 2021\nMost importantly, adding banking services multiplies the LTV of Square's customers, and is a major step towards Cash App becoming a financial super app. The single biggest money maker for individual banking customers is checking and savings accounts. According to an ARK Invest white paper, LTV per retail banking customer is roughly $3,600, of which a full 25%, or $900 is checking and savings accounts.\n\nSource: ARK Invest, with annotations from me:Cash App vs Venmo\nYou can breathlessly hype Square's Bitcoin opportunities and wax poetic about Cash App's booming Bitcoin revenue, but the meat and potatoes is here, right in front of us: Square banking. The weapon Square will use to dethrone the incumbent banks is slowly being drawn from its sheath.\nJack Dorsey's Bitcoin Obsession\nFor those of you who don't follow Dorsey on Twitter or read updates about the Bitcoin (BTC-USD) 2021 Convention, believe me when I say Jack isconvictedabout the role Bitcoin will play in the Internet’s future.\n\n If I were not at Square or Twitter, I would be working on bitcoin. If bitcoin needed more help than Square or Twitter, I would leave them for bitcoin.\n\nJack Dorsey, CEO Square, CEO Twitter,Bitcoin 2021 Conference\nAt the conference Dorsey announced Square is considering releasing a hardware Bitcoin wallet. For those unfamiliar, when you purchase cryptocurrency on an exchange, the vast majority of the time it is not actuallyyours, but is in fact an IOU. If you’ve heard the expression, “Not your keys, not your coins,” this is referring directly to this issue. If you don’t have a hardware wallet with a password only you have access to, then the coins don’t truly belong to you.\nRegarding Square's involvement inBitcoin hardware wallets, color me unimpressed. I was surprised to see Square’s stock pop on that news. I can’t really see a situation where a company doing $20+ Billion a year in sales like Square gets meaningful top or bottom line contribution from a glorified flash drive. It’s just not going to move the needle.\nTo be honest, cryptocurrency is the biggest potential blind spot I see right now in Dorsey’s execution. Don’t get me wrong, as a Square shareholder I willgladly accept a1,047% increase year over year in Bitcoin revenue to $3.51 B as of Q1 2021. But Dorsey refusing to allow any other coins on the Cash App platform is, in my opinion, the wrong choice for Square and cryptocurrency in general. I have already heard several friends comment they see no role for Cash App because its “crypto features” only allow for Bitcoin trading.\n“That’s why we don’t deal with any other ‘currencies’ or ‘coins’ because we’re so focused on making bitcoin the native currency for the internet,”\n-Jack Dorsey, CEO Square\nEffectively, Dorsey is limiting features for Square’s Cash App users to focus all attention on Bitcoin. But that’s not really how cryptocurrency works – over the past several years the market share of Bitcoin has declined slightly as new platforms have generated interest and ease of investing in alternative coins. Diversity of coin options coincided with Bitcoin reaching its highest market capitalization of all time. I believe there is space for more than one coin in the future, and am personally invested in Ethereum (ETH-USD) due to the utility it offers as the nexus of Internet 3.0.\nI would love to see Dorsey developing revenue-driving crypto services such as decentralized finance for Square. I said this for SoFi, and I will say it again for Square: a staking system, by which users are granted upsize interest for holding Bitcoin in their Cash App, for example, would dramatically elevate Cash App’s value proposition. This is something for all challenger banks to explore and invest in, and it is a game changer.\nAll that said, Square has a history of surprising analysts and investors with clever solutions that delight customers. Bitcoin and the cryptocurrency landscapeneedsinnovation and development, and Square is well capitalized in cash and intellect to address this issue.\nSquare's Near Term Risks\nDespite how positive I feel about Square's long-term positioning in the fintech space, I would be remiss if I did not alert you to several considerable near term risks. Square is hurtling towards challenging 2020 comps, with Q2 2020 being the first quarter of government disbursement checks. While I expect Square to post excellent Seller and Cash App numbers, growth will inherently moderate. Furthermore, Cash App benefited from Robinhood's well-publicized meltdown in Q1, as retail investors searched for more transparent and reliable trading platforms. This resulted in a pull-forward of user growth, and I do not believe this is sustainable or reflective of Cash App's long term user growth rates.\nFurthermore, Square's Q1 2021 shareholder letter was chock full of new operating expense forecasts for Q2. Square promised stock based compensation would rise materially in Q2 as new hirings occurred (in Q1 was $118 million), an increase in product development and G&A by $120 million, as well as an increase in transaction and loan losses by $40 million.\nA potential bright spot is Square's investment in DoorDash (DASH), which was a catalyst for Square's blowout Q4 2020 earnings. Based on a price of $168.5/share at the time of this writing, DoorDash's stock has appreciated 28.5% since Q1 end. That equates to a $65 million appreciation in Square's DoorDash equity ownership.\nEven still, netting out equity appreciation and Square's guided opex expansion, Square is guiding for roughly $110 million in additional Q2 spend. This is significant for a company that earned only $39 million last quarter, and Q1 was already benefiting from stimulus check disbursement and peak Bitcoin price and volatility.\nAnd that brings us to Bitcoin, of which Square owns 8,027 coins.\nBitcoin's price at the conclusion of Q1 (March 31, 2021) was $58,724. At the time of this writing, one Bitcoin is valued at $32,270, or a 45% drop from the prior quarter.\nThis is a loss of $259 million on Bitcoin alone in Q2, 2021.\nGulp. All in, these costs will result in an estimated $370 million drag on Square's Q2 earnings. Despite these facts, consensus estimates for Square indicate the investment community believes Square will beprofitablethis quarter, with 86% earnings revisions up over the past three months. I would be shocked if Square turned a profit this next quarter.\nAccordingly, if you are considering a position in Square, this might be a good indication to wait on the sidelines and see how the next earnings call plays out. As a long term Square shareholder I will continue to hold, as none of these issues impacts my long term bullish stance on Square. I believe Bitcoin will recover over the balance of 2021, and Square's investments in product development and talent acquisition are necessary for the battle ahead with legacy banks.\nConcluding Thoughts\nThe holy grail of the fintech space is low customer acquisition cost. Dorsey’s mastery of viral social media advertising generating low CAC's has been a primary catalyst of Square’s titanic growth rates. Square is just beginning to combine and integrate Cash App and Seller, which will manifest as increased user LTV and strengthening network effects.\nBetween Square cross-selling Cash App and Seller, solidifying a banking presence with Square banking and the development and implementation of much-needed crypto services, Square will be the apex presence in the fintech space, with no natural predators. I believe this not only possible, but likely. As the future fintech king, Square has a vast ocean of opportunity ahead, because in the multi-trillion financial services space, winner takes most.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121085586,"gmtCreate":1624444721245,"gmtModify":1703836864714,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Still tempting to me!","listText":"Still tempting to me!","text":"Still tempting to me!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121085586","repostId":"1127447179","repostType":4,"isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169960079,"gmtCreate":1623812775791,"gmtModify":1703820264823,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Buying opportunities coming up","listText":"Buying opportunities coming up","text":"Buying opportunities coming up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/169960079","repostId":"2143680537","repostType":4,"repost":{"id":"2143680537","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623797252,"share":"https://ttm.financial/m/news/2143680537?lang=&edition=fundamental","pubTime":"2021-06-16 06:47","market":"us","language":"en","title":"Wall Street ends down as data spooks investors awaiting Fed report","url":"https://stock-news.laohu8.com/highlight/detail?id=2143680537","media":"Reuters","summary":"Wall Street’s main indices closed lower on Tuesday as data showing stronger inflation and weaker U.S. retail sales in May spooked already-jittery investors awaiting the results of the Federal Reserve’s latest policy meeting.Assurance from the Fed that rising prices are transitory and falling U.S. Treasury yields have helped ease some concerns over inflation and supported U.S. stocks in recent weeks. All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wedn","content":"<p>Wall Street’s main indices closed lower on Tuesday as data showing stronger inflation and weaker U.S. retail sales in May spooked already-jittery investors awaiting the results of the Federal Reserve’s latest policy meeting.</p>\n<p>Assurance from the Fed that rising prices are transitory and falling U.S. Treasury yields have helped ease some concerns over inflation and supported U.S. stocks in recent weeks. All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wednesday.</p>\n<p>Data showed an acceleration in producer prices last month as supply chains struggled to meet demand unleashed by the reopening of the economy. A separate report showed U.S. retail sales dropped more than expected in May.</p>\n<p>“There was a bit of a reaction to the economic data we got, which, for the most part, shows that the economy is starting to wean itself off stimulus, the recovery is slowing down a little, and inflation is continuing to grow,” said Ed Moya, senior market analyst for the Americas at OANDA.</p>\n<p>“We’re seeing some very modest weakness, and it’ll be choppy leading up to the Fed decision. Right now, the Fed is probably in a position to show they are thinking about tapering, but they’re still a long way from actually doing it.”</p>\n<p>The Fed is likely to announce in August or September a strategy for reducing its massive bond buying program, but will not start cutting monthly purchases until early next year, a Reuters poll of economists found.</p>\n<p>The benchmark S&amp;P 500, the blue-chip Dow Jones and the tech-focused Nasdaq have risen 13%, 12.1% and 9.2% respectively so far this year, largely driven by optimism about an economic reopening.</p>\n<p>However, the S&amp;P 500 has been broadly stuck within a range, despite recording its 29th record-high finish of 2021 on Monday, versus 33 for all of last year.</p>\n<p>The Dow Jones Industrial Average fell 94.42 points, or 0.27%, to 34,299.33, the S&amp;P 500 lost 8.56 points, or 0.20%, to 4,246.59 and the Nasdaq Composite dropped 101.29 points, or 0.71%, to 14,072.86.</p>\n<p>Seven of the 11 major S&amp;P sectors slipped. Among them was communication services, which ended 0.5% lower, having hit a record intraday high earlier in the session.</p>\n<p>The largest gainer was the energy index, which rose 2.1% on oil prices hitting multi-year highs on a positive demand outlook. Exxon Mobil Corp had its best day since Mar. 5, jumping 3.6%. [O/R]</p>\n<p>In corporate news, Boeing Co gained 0.6% after the United States and the European Union agreed on a truce in their 17-year conflict over aircraft subsidies involving the planemaker and its rival Airbus.</p>\n<p>Having slumped 19% on Monday, Lordstown Motors Corp shares rebounded 11.3% after comments from the electric truck manufacturer’s president on orders.</p>\n<p>Volume on U.S. exchanges was 9.98 billion shares, compared with the 10.58 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 87 new highs and 21 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends down as data spooks investors awaiting Fed report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends down as data spooks investors awaiting Fed report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-16 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Wall Street’s main indices closed lower on Tuesday as data showing stronger inflation and weaker U.S. retail sales in May spooked already-jittery investors awaiting the results of the Federal Reserve’s latest policy meeting.</p>\n<p>Assurance from the Fed that rising prices are transitory and falling U.S. Treasury yields have helped ease some concerns over inflation and supported U.S. stocks in recent weeks. All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wednesday.</p>\n<p>Data showed an acceleration in producer prices last month as supply chains struggled to meet demand unleashed by the reopening of the economy. A separate report showed U.S. retail sales dropped more than expected in May.</p>\n<p>“There was a bit of a reaction to the economic data we got, which, for the most part, shows that the economy is starting to wean itself off stimulus, the recovery is slowing down a little, and inflation is continuing to grow,” said Ed Moya, senior market analyst for the Americas at OANDA.</p>\n<p>“We’re seeing some very modest weakness, and it’ll be choppy leading up to the Fed decision. Right now, the Fed is probably in a position to show they are thinking about tapering, but they’re still a long way from actually doing it.”</p>\n<p>The Fed is likely to announce in August or September a strategy for reducing its massive bond buying program, but will not start cutting monthly purchases until early next year, a Reuters poll of economists found.</p>\n<p>The benchmark S&amp;P 500, the blue-chip Dow Jones and the tech-focused Nasdaq have risen 13%, 12.1% and 9.2% respectively so far this year, largely driven by optimism about an economic reopening.</p>\n<p>However, the S&amp;P 500 has been broadly stuck within a range, despite recording its 29th record-high finish of 2021 on Monday, versus 33 for all of last year.</p>\n<p>The Dow Jones Industrial Average fell 94.42 points, or 0.27%, to 34,299.33, the S&amp;P 500 lost 8.56 points, or 0.20%, to 4,246.59 and the Nasdaq Composite dropped 101.29 points, or 0.71%, to 14,072.86.</p>\n<p>Seven of the 11 major S&amp;P sectors slipped. Among them was communication services, which ended 0.5% lower, having hit a record intraday high earlier in the session.</p>\n<p>The largest gainer was the energy index, which rose 2.1% on oil prices hitting multi-year highs on a positive demand outlook. Exxon Mobil Corp had its best day since Mar. 5, jumping 3.6%. [O/R]</p>\n<p>In corporate news, Boeing Co gained 0.6% after the United States and the European Union agreed on a truce in their 17-year conflict over aircraft subsidies involving the planemaker and its rival Airbus.</p>\n<p>Having slumped 19% on Monday, Lordstown Motors Corp shares rebounded 11.3% after comments from the electric truck manufacturer’s president on orders.</p>\n<p>Volume on U.S. exchanges was 9.98 billion shares, compared with the 10.58 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 87 new highs and 21 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SH":"标普500反向ETF","DDM":"道指两倍做多ETF","SPXU":"三倍做空标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF",".SPX":"S&P 500 Index","OEX":"标普100","BA":"波音","QLD":"纳指两倍做多ETF","OEF":"标普100指数ETF-iShares","SDOW":"道指三倍做空ETF-ProShares","DOG":"道指反向ETF","DJX":"1/100道琼斯","PSQ":"纳指反向ETF","DXD":"道指两倍做空ETF","SDS":"两倍做空标普500ETF","TQQQ":"纳指三倍做多ETF","UPRO":"三倍做多标普500ETF","QQQ":"纳指100ETF","UDOW":"道指三倍做多ETF-ProShares","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","QID":"纳指两倍做空ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143680537","content_text":"Wall Street’s main indices closed lower on Tuesday as data showing stronger inflation and weaker U.S. retail sales in May spooked already-jittery investors awaiting the results of the Federal Reserve’s latest policy meeting.\nAssurance from the Fed that rising prices are transitory and falling U.S. Treasury yields have helped ease some concerns over inflation and supported U.S. stocks in recent weeks. All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wednesday.\nData showed an acceleration in producer prices last month as supply chains struggled to meet demand unleashed by the reopening of the economy. A separate report showed U.S. retail sales dropped more than expected in May.\n“There was a bit of a reaction to the economic data we got, which, for the most part, shows that the economy is starting to wean itself off stimulus, the recovery is slowing down a little, and inflation is continuing to grow,” said Ed Moya, senior market analyst for the Americas at OANDA.\n“We’re seeing some very modest weakness, and it’ll be choppy leading up to the Fed decision. Right now, the Fed is probably in a position to show they are thinking about tapering, but they’re still a long way from actually doing it.”\nThe Fed is likely to announce in August or September a strategy for reducing its massive bond buying program, but will not start cutting monthly purchases until early next year, a Reuters poll of economists found.\nThe benchmark S&P 500, the blue-chip Dow Jones and the tech-focused Nasdaq have risen 13%, 12.1% and 9.2% respectively so far this year, largely driven by optimism about an economic reopening.\nHowever, the S&P 500 has been broadly stuck within a range, despite recording its 29th record-high finish of 2021 on Monday, versus 33 for all of last year.\nThe Dow Jones Industrial Average fell 94.42 points, or 0.27%, to 34,299.33, the S&P 500 lost 8.56 points, or 0.20%, to 4,246.59 and the Nasdaq Composite dropped 101.29 points, or 0.71%, to 14,072.86.\nSeven of the 11 major S&P sectors slipped. Among them was communication services, which ended 0.5% lower, having hit a record intraday high earlier in the session.\nThe largest gainer was the energy index, which rose 2.1% on oil prices hitting multi-year highs on a positive demand outlook. Exxon Mobil Corp had its best day since Mar. 5, jumping 3.6%. [O/R]\nIn corporate news, Boeing Co gained 0.6% after the United States and the European Union agreed on a truce in their 17-year conflict over aircraft subsidies involving the planemaker and its rival Airbus.\nHaving slumped 19% on Monday, Lordstown Motors Corp shares rebounded 11.3% after comments from the electric truck manufacturer’s president on orders.\nVolume on U.S. exchanges was 9.98 billion shares, compared with the 10.58 billion average over the last 20 trading days.\nThe S&P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 87 new highs and 21 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137070555,"gmtCreate":1622275749577,"gmtModify":1704182619811,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Gotta wait and see!","listText":"Gotta wait and see!","text":"Gotta wait and see!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/137070555","repostId":"2138765488","repostType":4,"repost":{"id":"2138765488","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1622215232,"share":"https://ttm.financial/m/news/2138765488?lang=&edition=fundamental","pubTime":"2021-05-28 23:20","market":"us","language":"en","title":"Tesla shares dip on recall rumors","url":"https://stock-news.laohu8.com/highlight/detail?id=2138765488","media":"Reuters","summary":"May 28  - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","content":"<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</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>Tesla shares dip on recall rumors</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 shares dip on recall rumors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-28 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138765488","content_text":"May 28 (Reuters) - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128833351,"gmtCreate":1624509468473,"gmtModify":1703838799011,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"The future is EV?","listText":"The future is EV?","text":"The future is EV?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128833351","repostId":"2145097284","repostType":4,"repost":{"id":"2145097284","pubTimestamp":1624499520,"share":"https://ttm.financial/m/news/2145097284?lang=&edition=fundamental","pubTime":"2021-06-24 09:52","market":"us","language":"en","title":"Lucid Motors Tops 10,000 Reservations, Accelerates Manufacturing Plan Thanks to Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145097284","media":"Motley Fool","summary":"The nascent EV start-up enters the final stretch before launching the Air sedan.","content":"<p>The marketing blitz seems to be working. Over the past several months after announcing that it will merge with special purpose acquisition company (SPAC) <b><a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a> IV </b>(NYSE:CCIV), electric vehicle (EV) start-up Lucid Motors has been opening more studios around the U.S. while also ramping up advertising campaigns to raise brand awareness. Lucid even cleverly bought&nbsp;an ad spot during Elon Musk's appearance on <i>Saturday Night Live</i> last month, knowing that the <b>Tesla </b>CEO would attract a receptive audience.</p>\n<p>Lucid is heading in the final stretch before both entering production as well as closing its de-SPAC transaction with Churchill Capital IV. The company has now added over 2,500 reservations in four months.</p>\n<h2>10,000 and counting</h2>\n<p>When Lucid announced the merger, it had approximately 7,500 reservations for its Lucid Air sedan. The company provided investors with a handful of updates&nbsp;this week as it opens a new flagship store in New York City. Among the more pertinent updates was that Air reservations have now topped 10,000.</p>\n<p>Here's a timeline of Lucid's disclosures regarding reservations, which includes all trims.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Date</p></th>\n   <th><p>Total Reservations</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td width=\"312\"><p>Feb. 19</p></td>\n   <td width=\"312\"><p>7,500</p></td>\n  </tr>\n  <tr>\n   <td width=\"312\"><p>Feb. 28</p></td>\n   <td width=\"312\"><p>8,000</p></td>\n  </tr>\n  <tr>\n   <td width=\"312\"><p>May 13</p></td>\n   <td width=\"312\"><p>9,000</p></td>\n  </tr>\n  <tr>\n   <td width=\"312\"><p>Jun. 22</p></td>\n   <td width=\"312\"><p>10,000</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Lucid Motors and SEC filings.</p>\n<p>Additionally, Lucid says that it has now completed all of its preproduction builds and has started producing quality validation builds. In a follow-up interview&nbsp;with CNBC, CEO Peter Rawlinson noted that those units will be delivered to customers once the quality is confirmed to meet Lucid's rigorous standards. The chief executive called the milestone \"a big step forward\" toward launching the Air.</p>\n<p>In fact, Lucid has even decided to accelerate some of its plans due to robust demand. The company is accelerating around $350 million of planned capital expenditures that will be used to expand manufacturing capacity at its Arizona factory. That budget is being pulled forward from future periods into 2021 through 2023, translating into 6% to 7% more capital spending during 2021 through 2026, according to Lucid.</p>\n<p>The money will be used to combine the next two phases of the factory expansion into \"<a href=\"https://laohu8.com/S/AONE\">one</a> expedited phase,\" implementing a general assembly line for the Gravity SUV that is in the pipeline. As a reminder, Lucid already completed Phase 1, which has capacity of approximately 34,000 units per year. The new plan will provide an additional 2.7 million square feet of manufacturing space, which will facilitate up to 53,000 Air units per year by 2023.</p>\n<p>The Gravity SUV is mostly on schedule, but Lucid expects to release the vehicle near the end of its projected timeline in the second half of 2023. The company reiterated its delivery outlook&nbsp;for 2023 and 2024, which calls for 49,000 units and 90,000 units, respectively.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lucid Motors Tops 10,000 Reservations, Accelerates Manufacturing Plan Thanks to Strong Demand</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\">\nLucid Motors Tops 10,000 Reservations, Accelerates Manufacturing Plan Thanks to Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/23/lucid-motors-tops-10000-reservations-accelerates-m/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The marketing blitz seems to be working. Over the past several months after announcing that it will merge with special purpose acquisition company (SPAC) Churchill Capital IV (NYSE:CCIV), electric ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/23/lucid-motors-tops-10000-reservations-accelerates-m/\">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.fool.com/investing/2021/06/23/lucid-motors-tops-10000-reservations-accelerates-m/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145097284","content_text":"The marketing blitz seems to be working. Over the past several months after announcing that it will merge with special purpose acquisition company (SPAC) Churchill Capital IV (NYSE:CCIV), electric vehicle (EV) start-up Lucid Motors has been opening more studios around the U.S. while also ramping up advertising campaigns to raise brand awareness. Lucid even cleverly bought an ad spot during Elon Musk's appearance on Saturday Night Live last month, knowing that the Tesla CEO would attract a receptive audience.\nLucid is heading in the final stretch before both entering production as well as closing its de-SPAC transaction with Churchill Capital IV. The company has now added over 2,500 reservations in four months.\n10,000 and counting\nWhen Lucid announced the merger, it had approximately 7,500 reservations for its Lucid Air sedan. The company provided investors with a handful of updates this week as it opens a new flagship store in New York City. Among the more pertinent updates was that Air reservations have now topped 10,000.\nHere's a timeline of Lucid's disclosures regarding reservations, which includes all trims.\n\n\n\nDate\nTotal Reservations\n\n\n\n\nFeb. 19\n7,500\n\n\nFeb. 28\n8,000\n\n\nMay 13\n9,000\n\n\nJun. 22\n10,000\n\n\n\nData source: Lucid Motors and SEC filings.\nAdditionally, Lucid says that it has now completed all of its preproduction builds and has started producing quality validation builds. In a follow-up interview with CNBC, CEO Peter Rawlinson noted that those units will be delivered to customers once the quality is confirmed to meet Lucid's rigorous standards. The chief executive called the milestone \"a big step forward\" toward launching the Air.\nIn fact, Lucid has even decided to accelerate some of its plans due to robust demand. The company is accelerating around $350 million of planned capital expenditures that will be used to expand manufacturing capacity at its Arizona factory. That budget is being pulled forward from future periods into 2021 through 2023, translating into 6% to 7% more capital spending during 2021 through 2026, according to Lucid.\nThe money will be used to combine the next two phases of the factory expansion into \"one expedited phase,\" implementing a general assembly line for the Gravity SUV that is in the pipeline. As a reminder, Lucid already completed Phase 1, which has capacity of approximately 34,000 units per year. The new plan will provide an additional 2.7 million square feet of manufacturing space, which will facilitate up to 53,000 Air units per year by 2023.\nThe Gravity SUV is mostly on schedule, but Lucid expects to release the vehicle near the end of its projected timeline in the second half of 2023. The company reiterated its delivery outlook for 2023 and 2024, which calls for 49,000 units and 90,000 units, respectively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882082116,"gmtCreate":1631631365635,"gmtModify":1676530595619,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZM\">$Zoom(ZM)$</a>People holding&nbsp;<a href=\"https://laohu8.com/S/ZM\">$Zoom(ZM)$</a>how are you feeling with the current price and downward momentum?&nbsp;What do you plan to do with your holdings given the current scenario?For those who aren't holding Zoom, are you planning to buy?","listText":"<a href=\"https://laohu8.com/S/ZM\">$Zoom(ZM)$</a>People holding&nbsp;<a href=\"https://laohu8.com/S/ZM\">$Zoom(ZM)$</a>how are you feeling with the current price and downward momentum?&nbsp;What do you plan to do with your holdings given the current scenario?For those who aren't holding Zoom, are you planning to buy?","text":"$Zoom(ZM)$People holding $Zoom(ZM)$how are you feeling with the current price and downward momentum? What do you plan to do with your holdings given the current scenario?For those who aren't holding Zoom, are you planning to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882082116","isVote":1,"tweetType":1,"viewCount":823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128839175,"gmtCreate":1624509434297,"gmtModify":1703838797540,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"IBM? Really?","listText":"IBM? Really?","text":"IBM? Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128839175","repostId":"1182818110","repostType":4,"repost":{"id":"1182818110","pubTimestamp":1624504323,"share":"https://ttm.financial/m/news/1182818110?lang=&edition=fundamental","pubTime":"2021-06-24 11:12","market":"us","language":"en","title":"This Bull Is Far From Over: 3 Undervalued Blue Chip Dividend Buys","url":"https://stock-news.laohu8.com/highlight/detail?id=1182818110","media":"seekingalpha","summary":"Summary\n\nThe Fed jolted investors last week, before Powell backpedalled to reassure everyone.\nThis s","content":"<p><b>Summary</b></p>\n<ul>\n <li>The Fed jolted investors last week, before Powell backpedalled to reassure everyone.</li>\n <li>This shows just how difficult it will be for the Fed to actually rein in the economy.</li>\n <li>Some value names are once again on our \"buy list\". Here are three great ones.</li>\n</ul>\n<p><b>Introduction</b></p>\n<p>On a recent Bloomberg video call, Ray Dalio suggested that the Fed will have a lot of trouble doing any rate hike without having significantly adverse effects on stocks.</p>\n<p>Following the Fed meeting last week, the news that rates might be raised in two years rather than three gave the markets a jolt, as the message was interpreted as hawkish by the investing community.</p>\n<p>This caused Jerome Powell to backpedal, reminding everyone of his favorite word: \"transitory\". It was important that he once again reminded everyone that inflation would head back to 2%, and that nobody needs to worry.</p>\n<p>He did cover his 6 however,stating:</p>\n<blockquote>\n <i>We have to be very humble about our ability to really try to draw a signal out of it [...] It might take some patience to really see what’s happening.</i>\n</blockquote>\n<blockquote>\n Larry Summers had adifferent take on it: \n <i>I don't think the arithmetic is terribly difficult.</i>\n</blockquote>\n<blockquote>\n <i> You're looking at an average GDP gap deficit to potential GDP of 2%, and we're looking at a 14% of GDP fiscal stimulus. [...] The important question is whether there is 6 points of transitory inflation or 2 points of transitory inflation.</i>\n</blockquote>\n<p>This idea is very important. Rather than asking whether inflation is transitory or not, we should be asking how much of it is transitory.</p>\n<p>And this is where the risk currently lies. While the S&amp;P 500 (SPY) performed a roundtrip from 4250 to 4250 with a 90 point drop in between, a lot of the more cyclical stocks took a hit which put them back in our \"Buy List\".</p>\n<p>Our take is that the Fed is realizing that it can't really increase rates without causing ruckus in markets.</p>\n<p>When you add this to the fact that they might not have any choice but to keep printing money to buy bonds as the supply of bonds might overshoot the demand of these from foreign countries who already hold lots of US debt and show limited interest in purchasing the debt at negative real interest rates. This is according to Ray Dalio in the same call with Larry Summers mentioned above.</p>\n<p>The risk of monetary inflation is very real. The likelihood of demand to continue increasing dramatically as money stored in financial markets hits the economy is also very high.</p>\n<p>What we've learned in investing, is that investors are too eager to wrap up a trade and move on to the \"next thing\". Many times, this is shortsighted, as even when the train has left the station, there is a lot of track left ahead.</p>\n<p>This is one of these situations.</p>\n<p>Valuations in high quality blue chips which are sensitive to the economy reopening are still so far from pre-Covid levels.</p>\n<p>The fact that they are taking a breather doesn't detract from their ultimate destination, which is a lot higher.</p>\n<p>In this article I highlight 3 such stocks.</p>\n<p>Plus in the meantime you get to sleep well at night, knowing that they offer a great combination of dividend yield and dividend growth.</p>\n<p>Heads you win, tails you win more.</p>\n<p><b>IBM (IBM)</b></p>\n<p>While IBM has increased from our latest mention of it in a public article, when we were purchasing the stock at a 5%+ yield, it still hovers just below our target \"Buy Below\" price of $150, courtesy of a small pull back last week.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a8abbcb78d88ebe9b82eb258078cd4c\" tg-width=\"640\" tg-height=\"297\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>Dividend growth has come to a stand still, and while we loaded up lower, it is still a great opportunity.</p>\n<p>The real value lies in the fact that investors are not pricing Krishna's operational excellence since taking over.</p>\n<p>IBM stunned investors with its Q1 results. Fellow author Virginia Backaitis states in her excellent articleanalyzing IBM'soperations:</p>\n<blockquote>\n <i>I like how Krishna is thinking, and I like former Red Hat CEO Jim Whitehurst at his side. They are making purchases that align with IBM's strategy which hasn't always been the case at the company. The product lines that IBM is selling off now are smart choices... and they have others left to sell (but maybe there isn't a buyer).</i>\n</blockquote>\n<p>This value will likely be realized following the spin-off of the legacy business into an entity which will benamed kyndryl.</p>\n<p>Investors will likely be left with a high yield managed infrastructure business, and a low yield high growth cloud stock.</p>\n<p>When it happens, we'll decide which of both we'll hold onto, but we're quite confident that the two pieces will be worth than the sum of the part.</p>\n<p>And while you wait for this, you still get paid 4.5% by a super safe Blue Chip stock, which has the pricing power to fight inflation.</p>\n<p><b>KeyCorp (KEY)</b></p>\n<p>One thing the last round of stress tests showed, was that US banks are resilient, and well capitalized. Yet last week they took a hit after the fed meeting. This week stress tests will be released, and most large banks are expected to do really well.</p>\n<p>After that, dividend increases will come in July as banks are eager to start returning wealth to shareholders.</p>\n<p>Keycorp is no exception. For an analysis of KEY's earnings development you can read Sheen Bay Research'sarticleon the stock.</p>\n<p>Where I differ from his opinion is on the question of the dividend. While he doesn't expect a dividend hike, I expect all major banks to compete in their dividend increases.</p>\n<p>What investors must not forget is that in 2008 KEY paid a dividend of $0.38 per quarter, or double the current dividend.</p>\n<p>Since then, the company has been slowly redeeming itself, increasing the dividend every year.</p>\n<p>The pandemic restrictions stopped KEY in their tracks.</p>\n<p>A look at our MAD Chart shows how eager the bank was at returning capital to shareholders in the past 10 years. Each time the dividend increases, the inferred value ranges shown on the MAD chart goes up.</p>\n<p>In the past 10 years the dividend grew at 20% per annum, the rate dropped to 15% in the past 5 years, hindered by 0 growth last year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce032ffe59e73db2d6a1e09b4ff723b4\" tg-width=\"640\" tg-height=\"298\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>I believe that a 10-15% increase is very likely this year.</p>\n<p>In this event, KEY's current yield of 3.6% would effectively become a 4% yield.</p>\n<p>But to get fantastic income from KEY, you don't even need that much growth.</p>\n<p>At a 3.6% yield, if you can get 7.5% annual dividend growth you get a fantastic income opportunity.</p>\n<p>Let's look at a simulation.</p>\n<p>Let's suggest a $10K investment in KEY, with dividends reinvested and dividend growth of 7.5% per annum.</p>\n<p>In year 10, you'd expect $1,004 of income, or 10% of your original investment, which is our threshold for a \"great\" income opportunity.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96c24e62697eb475528e1b9f04686a12\" tg-width=\"615\" tg-height=\"240\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>In our mind there is no way that KEY doesn't grow at this rate, which would suggest hitting its pre 2008 dividend in 10 years.</p>\n<p>As such we believe KEY to be a great pick for income investors. As KEY's dividend growth is on the back of growth in earnings and tangible book value per share, there is no doubt in our mind that sooner or later, the price will catch up with the higher income. The fed stress tests might be the catalyst banks need to move higher.</p>\n<p>In the meantime get paid to wait.</p>\n<p><b>Chevron (CVX)</b></p>\n<p>Chevron is another stock which is hovering just below our target \"Buy Below\" price.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/100902df9308eeb7576e22704f403240\" tg-width=\"640\" tg-height=\"298\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p>We're surprised that the oil trade is taking so long to play out. In late 2015, early 2016, the recovery to historically normal yields was a lot faster.</p>\n<p>Yet CVX still yields 5%, after proving its resilience, superior balance sheet and increasing the dividend by 4% this year, sustaining their history of higher dividends every year for the past three decades.</p>\n<p>Consider the following slide from their latestearnings call:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b49cefbd9ee55c299d2b3a03211a3b6b\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>Source: Earnings Call.</span></p>\n<p>At $40 brent, the dividend is covered with a little extra debt. As the energy major with the best balance sheet, it can afford this. At $60 brent, there would be excess cash above $25bn, or enough to fund the dividend for two and a half years.</p>\n<p>Brent is currently above $70. The longer it stays above that level, the higher the likelihood that CVX will actually have the excess cash suggested in the latter scenario.</p>\n<p>Back in August last year we suggested that you'll belaughing your wayto the bank with CVX's 6% yield.</p>\n<p>Since then, CVX has marginally beaten the S&amp;P 500, but is far from over.</p>\n<p>In the past 10 years CVX has yielded a median 3.86%. Its forward outlook is arguably better now than it was in much of the past decade, which had the energy market dealing with endemic oversupply. With underinvestment, the opposite is likely to be true in upcoming years.</p>\n<p>If anything CVX should gravitate back towards its median yield which suggests further upside of 20%, much of which we expect will be realized in the latter half of 2021.</p>\n<p>If you simulate a $10K investment in CVX assuming a 5% yield and 4% dividend growth, and reinvest dividends, then in year 10 you'd expect $1,154 in dividends of which $409 is expected to come from dividend reinvestments.</p>\n<p>This equates to 11.54% of the initial investment, making CVX also an excellent income opportunity at current prices.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53e365890df23b4af31565c7b170c14f\" tg-width=\"615\" tg-height=\"240\" referrerpolicy=\"no-referrer\"><span>Source: Dividend Freedom Tribe.</span></p>\n<p><b>Conclusion</b></p>\n<p>As long term dividend investors, we're always eager to get top companies at great valuations. The fed meeting changed nothing to the reopening trade. If anything it gave them a warning that even the slightest hint of a rate increase would be interpreted as hawkish, which will likely have the consequence of them acting later than they should, which exacerbates the likelihood of the value trade continuing.</p>\n<p>Don't confuse the market taking a breather with the end of the trade.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Bull Is Far From Over: 3 Undervalued Blue Chip Dividend Buys</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\">\nThis Bull Is Far From Over: 3 Undervalued Blue Chip Dividend Buys\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436276-this-bull-is-far-from-over-3-undervalued-blue-chip-dividend-buys><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe Fed jolted investors last week, before Powell backpedalled to reassure everyone.\nThis shows just how difficult it will be for the Fed to actually rein in the economy.\nSome value names are...</p>\n\n<a href=\"https://seekingalpha.com/article/4436276-this-bull-is-far-from-over-3-undervalued-blue-chip-dividend-buys\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KEY":"KeyCorp","IBM":"IBM","CVX":"雪佛龙"},"source_url":"https://seekingalpha.com/article/4436276-this-bull-is-far-from-over-3-undervalued-blue-chip-dividend-buys","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1182818110","content_text":"Summary\n\nThe Fed jolted investors last week, before Powell backpedalled to reassure everyone.\nThis shows just how difficult it will be for the Fed to actually rein in the economy.\nSome value names are once again on our \"buy list\". Here are three great ones.\n\nIntroduction\nOn a recent Bloomberg video call, Ray Dalio suggested that the Fed will have a lot of trouble doing any rate hike without having significantly adverse effects on stocks.\nFollowing the Fed meeting last week, the news that rates might be raised in two years rather than three gave the markets a jolt, as the message was interpreted as hawkish by the investing community.\nThis caused Jerome Powell to backpedal, reminding everyone of his favorite word: \"transitory\". It was important that he once again reminded everyone that inflation would head back to 2%, and that nobody needs to worry.\nHe did cover his 6 however,stating:\n\nWe have to be very humble about our ability to really try to draw a signal out of it [...] It might take some patience to really see what’s happening.\n\n\n Larry Summers had adifferent take on it: \n I don't think the arithmetic is terribly difficult.\n\n\n You're looking at an average GDP gap deficit to potential GDP of 2%, and we're looking at a 14% of GDP fiscal stimulus. [...] The important question is whether there is 6 points of transitory inflation or 2 points of transitory inflation.\n\nThis idea is very important. Rather than asking whether inflation is transitory or not, we should be asking how much of it is transitory.\nAnd this is where the risk currently lies. While the S&P 500 (SPY) performed a roundtrip from 4250 to 4250 with a 90 point drop in between, a lot of the more cyclical stocks took a hit which put them back in our \"Buy List\".\nOur take is that the Fed is realizing that it can't really increase rates without causing ruckus in markets.\nWhen you add this to the fact that they might not have any choice but to keep printing money to buy bonds as the supply of bonds might overshoot the demand of these from foreign countries who already hold lots of US debt and show limited interest in purchasing the debt at negative real interest rates. This is according to Ray Dalio in the same call with Larry Summers mentioned above.\nThe risk of monetary inflation is very real. The likelihood of demand to continue increasing dramatically as money stored in financial markets hits the economy is also very high.\nWhat we've learned in investing, is that investors are too eager to wrap up a trade and move on to the \"next thing\". Many times, this is shortsighted, as even when the train has left the station, there is a lot of track left ahead.\nThis is one of these situations.\nValuations in high quality blue chips which are sensitive to the economy reopening are still so far from pre-Covid levels.\nThe fact that they are taking a breather doesn't detract from their ultimate destination, which is a lot higher.\nIn this article I highlight 3 such stocks.\nPlus in the meantime you get to sleep well at night, knowing that they offer a great combination of dividend yield and dividend growth.\nHeads you win, tails you win more.\nIBM (IBM)\nWhile IBM has increased from our latest mention of it in a public article, when we were purchasing the stock at a 5%+ yield, it still hovers just below our target \"Buy Below\" price of $150, courtesy of a small pull back last week.\nSource: Dividend Freedom Tribe.\nDividend growth has come to a stand still, and while we loaded up lower, it is still a great opportunity.\nThe real value lies in the fact that investors are not pricing Krishna's operational excellence since taking over.\nIBM stunned investors with its Q1 results. Fellow author Virginia Backaitis states in her excellent articleanalyzing IBM'soperations:\n\nI like how Krishna is thinking, and I like former Red Hat CEO Jim Whitehurst at his side. They are making purchases that align with IBM's strategy which hasn't always been the case at the company. The product lines that IBM is selling off now are smart choices... and they have others left to sell (but maybe there isn't a buyer).\n\nThis value will likely be realized following the spin-off of the legacy business into an entity which will benamed kyndryl.\nInvestors will likely be left with a high yield managed infrastructure business, and a low yield high growth cloud stock.\nWhen it happens, we'll decide which of both we'll hold onto, but we're quite confident that the two pieces will be worth than the sum of the part.\nAnd while you wait for this, you still get paid 4.5% by a super safe Blue Chip stock, which has the pricing power to fight inflation.\nKeyCorp (KEY)\nOne thing the last round of stress tests showed, was that US banks are resilient, and well capitalized. Yet last week they took a hit after the fed meeting. This week stress tests will be released, and most large banks are expected to do really well.\nAfter that, dividend increases will come in July as banks are eager to start returning wealth to shareholders.\nKeycorp is no exception. For an analysis of KEY's earnings development you can read Sheen Bay Research'sarticleon the stock.\nWhere I differ from his opinion is on the question of the dividend. While he doesn't expect a dividend hike, I expect all major banks to compete in their dividend increases.\nWhat investors must not forget is that in 2008 KEY paid a dividend of $0.38 per quarter, or double the current dividend.\nSince then, the company has been slowly redeeming itself, increasing the dividend every year.\nThe pandemic restrictions stopped KEY in their tracks.\nA look at our MAD Chart shows how eager the bank was at returning capital to shareholders in the past 10 years. Each time the dividend increases, the inferred value ranges shown on the MAD chart goes up.\nIn the past 10 years the dividend grew at 20% per annum, the rate dropped to 15% in the past 5 years, hindered by 0 growth last year.\nSource: Dividend Freedom Tribe.\nI believe that a 10-15% increase is very likely this year.\nIn this event, KEY's current yield of 3.6% would effectively become a 4% yield.\nBut to get fantastic income from KEY, you don't even need that much growth.\nAt a 3.6% yield, if you can get 7.5% annual dividend growth you get a fantastic income opportunity.\nLet's look at a simulation.\nLet's suggest a $10K investment in KEY, with dividends reinvested and dividend growth of 7.5% per annum.\nIn year 10, you'd expect $1,004 of income, or 10% of your original investment, which is our threshold for a \"great\" income opportunity.\nSource: Dividend Freedom Tribe.\nIn our mind there is no way that KEY doesn't grow at this rate, which would suggest hitting its pre 2008 dividend in 10 years.\nAs such we believe KEY to be a great pick for income investors. As KEY's dividend growth is on the back of growth in earnings and tangible book value per share, there is no doubt in our mind that sooner or later, the price will catch up with the higher income. The fed stress tests might be the catalyst banks need to move higher.\nIn the meantime get paid to wait.\nChevron (CVX)\nChevron is another stock which is hovering just below our target \"Buy Below\" price.\nSource: Dividend Freedom Tribe.\nWe're surprised that the oil trade is taking so long to play out. In late 2015, early 2016, the recovery to historically normal yields was a lot faster.\nYet CVX still yields 5%, after proving its resilience, superior balance sheet and increasing the dividend by 4% this year, sustaining their history of higher dividends every year for the past three decades.\nConsider the following slide from their latestearnings call:\nSource: Earnings Call.\nAt $40 brent, the dividend is covered with a little extra debt. As the energy major with the best balance sheet, it can afford this. At $60 brent, there would be excess cash above $25bn, or enough to fund the dividend for two and a half years.\nBrent is currently above $70. The longer it stays above that level, the higher the likelihood that CVX will actually have the excess cash suggested in the latter scenario.\nBack in August last year we suggested that you'll belaughing your wayto the bank with CVX's 6% yield.\nSince then, CVX has marginally beaten the S&P 500, but is far from over.\nIn the past 10 years CVX has yielded a median 3.86%. Its forward outlook is arguably better now than it was in much of the past decade, which had the energy market dealing with endemic oversupply. With underinvestment, the opposite is likely to be true in upcoming years.\nIf anything CVX should gravitate back towards its median yield which suggests further upside of 20%, much of which we expect will be realized in the latter half of 2021.\nIf you simulate a $10K investment in CVX assuming a 5% yield and 4% dividend growth, and reinvest dividends, then in year 10 you'd expect $1,154 in dividends of which $409 is expected to come from dividend reinvestments.\nThis equates to 11.54% of the initial investment, making CVX also an excellent income opportunity at current prices.\nSource: Dividend Freedom Tribe.\nConclusion\nAs long term dividend investors, we're always eager to get top companies at great valuations. The fed meeting changed nothing to the reopening trade. If anything it gave them a warning that even the slightest hint of a rate increase would be interpreted as hawkish, which will likely have the consequence of them acting later than they should, which exacerbates the likelihood of the value trade continuing.\nDon't confuse the market taking a breather with the end of the trade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123233062,"gmtCreate":1624423962556,"gmtModify":1703836259729,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"AMD or NVIDIA?","listText":"AMD or NVIDIA?","text":"AMD or NVIDIA?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123233062","repostId":"1125623159","repostType":4,"repost":{"id":"1125623159","pubTimestamp":1624416292,"share":"https://ttm.financial/m/news/1125623159?lang=&edition=fundamental","pubTime":"2021-06-23 10:44","market":"us","language":"en","title":"Got $1,000? Buy These Hot Growth Stocks Before They Take Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1125623159","media":"fool","summary":"The first half of the year hasn't been great for the likes of Cirrus Logic(NASDAQ:CRUS) and Advanced","content":"<p>The first half of the year hasn't been great for the likes of&nbsp;<b>Cirrus Logic</b>(NASDAQ:CRUS)&nbsp;and&nbsp;<b>Advanced Micro Devices</b>(NASDAQ:AMD). Share prices of both companies have headed south so far in 2021.</p>\n<p>But that may not be the case forever as Cirrus Logic and AMD are sitting on a bunch of terrific growth drivers that could turn their stock price fortunes around in the second half of the year.</p>\n<p>Let's look at the reasons why investors might be wise to put down $1,000 on these two stocks right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4bfea08060592f98ee04ba258f5c724\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>AAPLDATA BY YCHARTS</span></p>\n<p>1. Cirrus Logic</p>\n<p>It is no secret that&nbsp;<b>Apple</b>'s(NASDAQ:AAPL)5G-enabled iPhone 12 models have beena huge hitamong customers, sending the smartphone giant's revenue and earnings north ina spectacular manner. Cirrus Logic hasreaped the benefitsof the same as Apple is the chipmaker's largest source of revenue, accounting for 76%&nbsp;of the top line last quarter. The iPhone maker had produced 83% of Cirrus' total revenue in fiscal 2021 that ended in March.</p>\n<p>Not surprisingly, Cirrus' top and bottom lines stepped on the gas in the second half of 2020 after showing signs of plateauing earlier last year. The company delivered $780 million&nbsp;in revenue in the second half of fiscal 2021 that ended in March this year, up 19% year over year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fae0db2babaa80985a84ec5d66b3fb9\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"><span>CRUS REVENUE (TTM)DATA BY YCHARTS</span></p>\n<p>However, Cirrus investors were in for a scare after the company's guidance for the first quarter of fiscal 2022, which ends this month,failed to meet expectations. The chipmaker blamed supply chain issues for its failure to meet expectations as it was unable to meet the robust end-market demand. Additionally, Apple may have rolled back orders for the iPhone 12 series as the supply chain is already in motion&nbsp;to roll out this year's models.</p>\n<p>However, Cirrus did provide a hint that its business will pick up the pace in the second half of the year. CEO John Forsyth said on the Aprilearnings conference call:</p>\n<blockquote>\n In the coming months, we will begin shipping new technologies to our customers across a range of end devices, including important new content in the high-performance mixed-signal category. And based on these factors, we expect to accelerate revenue growth in FY 2022.\n</blockquote>\n<p>Cirrus' confidence isn't misplaced as its largest customer is expected to witness a big boom in sales. Reports suggest that Apple's suppliers have already started making components&nbsp;for this year's iPhones. What's more, the company is expected to bump its initial production of the 2021 iPhone lineup by 25% to 100 million&nbsp;units as compared to the iPhone 12's initial order size of 80 million units, according to Dan Ives of Wedbush. He also adds that Apple could finish 2021 with nearly 250 million units in sales, which would be its highest since 231 million sold in 2015.</p>\n<p>The iPhone's terrific momentum is expected to continue in 2022. Juniper Research estimates&nbsp;that Apple could sell $200 billion worth of iPhones next year, which doesn't look like a very ambitious target as the company has generated&nbsp;over $113 billion in iPhone revenue over the past six months.</p>\n<p>These tailwinds should help Cirrus shares break out from their mediocrity and set the market on fire in the future. So, investors looking to add agrowth stockto their portfolio should seriously consider Cirrus Logic as it trades at an attractive forward earnings multiple&nbsp;of just 15.</p>\n<p>2. AMD</p>\n<p>It is startling to see AMD stock taking a beating in 2021 considering the pace at which the chipmaker has been growing. The companydelivered outstanding resultsin 2020 and it has continued in the same vein in 2021, with revenue increasing a whopping 93% in the first quarter to $3.45 billion.</p>\n<p>AMD aims to clock 50% revenue growth this year, which would be better than its 2020 revenue increase of 45%. However, AMD can exceed its own expectations. The company had given investors a glimpse of the same when it reported its first-quarter results in April and raised its full-year revenue guidance. It was originally anticipating&nbsp;a 37% year-over-year increase in 2021 revenue, but a robust demand environment has encouraged AMD to raise guidance substantially.</p>\n<p>There are three reasons why AMD can turn in better-than-expected results: a short supply of graphics cards leading to a sharp spike in prices, market share gains against<b>Intel</b>(NASDAQ:INTC)in the server and PC processor markets, and the rapidly growing sales of the latest gaming consoles.</p>\n<p>AMD's computing and graphics segment, which recorded 46% year-over-year revenue growth in the first quarter to $2.1 billion and accounted for nearly 61% of the total revenue, is poised to benefit from two of those tailwinds. According to AMD, a mix of higher sales volumes and stronger average selling prices (ASPs) of the Ryzen CPU (central processing unit) and Radeon GPU (graphics processing unit) products drove the segment's impressive growth.</p>\n<p>For instance, sales of AMD's Radeon 6000 series high-end GPUs doubled&nbsp;quarter over quarter. AMD says that this is just the beginning as the Radeon 6000 seriessales could\"grow significantly over the coming quarters as we ramp production,\" indicating that the company is trying to address the problem of short supply. Even better, the GPU market is poised for long-term growth. Jon Peddie Research forecasts&nbsp;sales of discrete graphics cards to hit $54 billion in 2025 from $23.6 billion last year.</p>\n<p>AMD is one of the two major players in this space, holding a market share of nearly&nbsp;20%. It is trying to make a bigger dent in the market with new technologies, so don't be surprised to see it win big from GPUs in the future. Meanwhile, AMD's improving market share in the PC processor market thanks to the success of its Ryzen CPUs is turning out to be another catalyst.</p>\n<p>According to a survey carried out by popular video game distribution service Steam, AMD now has just over&nbsp;30% of the CPU market under its control, with Intel commanding the rest. It is worth noting that AMD's market share was less than 20% in 2017. But AMD'stechnological advantageover Intel has helped it take away share from its bigger rival. The trend may not change anytime soon thanks to AMD'ssuperior manufacturing process.</p>\n<p>Finally, AMD's enterprise, embedded, and semi-custom (EESC) business is riding on two solid catalysts. One of them is AMD's market share gains against Intel in the server market. AMD's superior manufacturing process has allowed it to increase its market share to nearly 9% at the end of the first quarter of 2021 from almost nothing at the end of 2017, according&nbsp;to Mercury Research.</p>\n<p>AMD investors can expect the company totake more market shareaway from Intel in the server space thanks to the former's Milan processors that are reportedly more powerful&nbsp;than Chipzilla's offerings. Throw in the terrific momentum of the new console cycle that has given AMD abig shot in the arm, and investors have another solid reason to buy thistop tech stockthat is trading&nbsp;at just 34 times trailing earnings as compared to the five-year average multiple of 124.</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>Got $1,000? Buy These Hot Growth Stocks Before They Take 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\">\nGot $1,000? Buy These Hot Growth Stocks Before They Take Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/got-1000-buy-hot-growth-stocks-before-take-off/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first half of the year hasn't been great for the likes of Cirrus Logic(NASDAQ:CRUS) and Advanced Micro Devices(NASDAQ:AMD). Share prices of both companies have headed south so far in 2021.\nBut ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/got-1000-buy-hot-growth-stocks-before-take-off/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRUS":"凌云半导体","AMD":"美国超微公司"},"source_url":"https://www.fool.com/investing/2021/06/22/got-1000-buy-hot-growth-stocks-before-take-off/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125623159","content_text":"The first half of the year hasn't been great for the likes of Cirrus Logic(NASDAQ:CRUS) and Advanced Micro Devices(NASDAQ:AMD). Share prices of both companies have headed south so far in 2021.\nBut that may not be the case forever as Cirrus Logic and AMD are sitting on a bunch of terrific growth drivers that could turn their stock price fortunes around in the second half of the year.\nLet's look at the reasons why investors might be wise to put down $1,000 on these two stocks right now.\nAAPLDATA BY YCHARTS\n1. Cirrus Logic\nIt is no secret that Apple's(NASDAQ:AAPL)5G-enabled iPhone 12 models have beena huge hitamong customers, sending the smartphone giant's revenue and earnings north ina spectacular manner. Cirrus Logic hasreaped the benefitsof the same as Apple is the chipmaker's largest source of revenue, accounting for 76% of the top line last quarter. The iPhone maker had produced 83% of Cirrus' total revenue in fiscal 2021 that ended in March.\nNot surprisingly, Cirrus' top and bottom lines stepped on the gas in the second half of 2020 after showing signs of plateauing earlier last year. The company delivered $780 million in revenue in the second half of fiscal 2021 that ended in March this year, up 19% year over year.\nCRUS REVENUE (TTM)DATA BY YCHARTS\nHowever, Cirrus investors were in for a scare after the company's guidance for the first quarter of fiscal 2022, which ends this month,failed to meet expectations. The chipmaker blamed supply chain issues for its failure to meet expectations as it was unable to meet the robust end-market demand. Additionally, Apple may have rolled back orders for the iPhone 12 series as the supply chain is already in motion to roll out this year's models.\nHowever, Cirrus did provide a hint that its business will pick up the pace in the second half of the year. CEO John Forsyth said on the Aprilearnings conference call:\n\n In the coming months, we will begin shipping new technologies to our customers across a range of end devices, including important new content in the high-performance mixed-signal category. And based on these factors, we expect to accelerate revenue growth in FY 2022.\n\nCirrus' confidence isn't misplaced as its largest customer is expected to witness a big boom in sales. Reports suggest that Apple's suppliers have already started making components for this year's iPhones. What's more, the company is expected to bump its initial production of the 2021 iPhone lineup by 25% to 100 million units as compared to the iPhone 12's initial order size of 80 million units, according to Dan Ives of Wedbush. He also adds that Apple could finish 2021 with nearly 250 million units in sales, which would be its highest since 231 million sold in 2015.\nThe iPhone's terrific momentum is expected to continue in 2022. Juniper Research estimates that Apple could sell $200 billion worth of iPhones next year, which doesn't look like a very ambitious target as the company has generated over $113 billion in iPhone revenue over the past six months.\nThese tailwinds should help Cirrus shares break out from their mediocrity and set the market on fire in the future. So, investors looking to add agrowth stockto their portfolio should seriously consider Cirrus Logic as it trades at an attractive forward earnings multiple of just 15.\n2. AMD\nIt is startling to see AMD stock taking a beating in 2021 considering the pace at which the chipmaker has been growing. The companydelivered outstanding resultsin 2020 and it has continued in the same vein in 2021, with revenue increasing a whopping 93% in the first quarter to $3.45 billion.\nAMD aims to clock 50% revenue growth this year, which would be better than its 2020 revenue increase of 45%. However, AMD can exceed its own expectations. The company had given investors a glimpse of the same when it reported its first-quarter results in April and raised its full-year revenue guidance. It was originally anticipating a 37% year-over-year increase in 2021 revenue, but a robust demand environment has encouraged AMD to raise guidance substantially.\nThere are three reasons why AMD can turn in better-than-expected results: a short supply of graphics cards leading to a sharp spike in prices, market share gains againstIntel(NASDAQ:INTC)in the server and PC processor markets, and the rapidly growing sales of the latest gaming consoles.\nAMD's computing and graphics segment, which recorded 46% year-over-year revenue growth in the first quarter to $2.1 billion and accounted for nearly 61% of the total revenue, is poised to benefit from two of those tailwinds. According to AMD, a mix of higher sales volumes and stronger average selling prices (ASPs) of the Ryzen CPU (central processing unit) and Radeon GPU (graphics processing unit) products drove the segment's impressive growth.\nFor instance, sales of AMD's Radeon 6000 series high-end GPUs doubled quarter over quarter. AMD says that this is just the beginning as the Radeon 6000 seriessales could\"grow significantly over the coming quarters as we ramp production,\" indicating that the company is trying to address the problem of short supply. Even better, the GPU market is poised for long-term growth. Jon Peddie Research forecasts sales of discrete graphics cards to hit $54 billion in 2025 from $23.6 billion last year.\nAMD is one of the two major players in this space, holding a market share of nearly 20%. It is trying to make a bigger dent in the market with new technologies, so don't be surprised to see it win big from GPUs in the future. Meanwhile, AMD's improving market share in the PC processor market thanks to the success of its Ryzen CPUs is turning out to be another catalyst.\nAccording to a survey carried out by popular video game distribution service Steam, AMD now has just over 30% of the CPU market under its control, with Intel commanding the rest. It is worth noting that AMD's market share was less than 20% in 2017. But AMD'stechnological advantageover Intel has helped it take away share from its bigger rival. The trend may not change anytime soon thanks to AMD'ssuperior manufacturing process.\nFinally, AMD's enterprise, embedded, and semi-custom (EESC) business is riding on two solid catalysts. One of them is AMD's market share gains against Intel in the server market. AMD's superior manufacturing process has allowed it to increase its market share to nearly 9% at the end of the first quarter of 2021 from almost nothing at the end of 2017, according to Mercury Research.\nAMD investors can expect the company totake more market shareaway from Intel in the server space thanks to the former's Milan processors that are reportedly more powerful than Chipzilla's offerings. Throw in the terrific momentum of the new console cycle that has given AMD abig shot in the arm, and investors have another solid reason to buy thistop tech stockthat is trading at just 34 times trailing earnings as compared to the five-year average multiple of 124.","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123230211,"gmtCreate":1624423924933,"gmtModify":1703836255464,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123230211","repostId":"2145664330","repostType":4,"repost":{"id":"2145664330","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624403123,"share":"https://ttm.financial/m/news/2145664330?lang=&edition=fundamental","pubTime":"2021-06-23 07:05","market":"us","language":"en","title":"Tech leads way to Wall Street rebound as Powell promises steady hand","url":"https://stock-news.laohu8.com/highlight/detail?id=2145664330","media":"Reuters","summary":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Pow","content":"<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech leads way to Wall Street rebound as Powell promises steady hand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech leads way to Wall Street rebound as Powell promises steady hand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-23 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.</p>\n<p>Led by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.</p>\n<p>The Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.</p>\n<p>The Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&amp;P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.</p>\n<p>The MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.</p>\n<p>\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"</p>\n<p>Testifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.</p>\n<p>\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.</p>\n<p>Powell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.</p>\n<p>The dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.</p>\n<p>Oil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.</p>\n<p>Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.</p>\n<p>U.S. West Texas Intermediate <a href=\"https://laohu8.com/S/WTI\">$(WTI)$</a> crude fell 60 cents, or 0.8%, to $73.06 a barrel.</p>\n<p>Bitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.</p>\n<p>Spot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","POWL":"Powell Industries",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145664330","content_text":"WASHINGTON, June 22 (Reuters) - Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.\nLed by the tech-heavy Nasdaq Composite , Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.\nThe Nasdaq closed at another record high, as top-shelf tech companies resumed their growth trajectories.\nThe Dow Jones Industrial Average rose 68.61 points, or 0.2% and the S&P 500 gained 21.65 points, or 0.51%. to 4,246.44 and the Nasdaq Composite added 111.79 points, or 0.79 percent, to 14,253.27.\nThe MSCI world equity index , which tracks shares in 45 nations, rose 4.4 points or 0.62%.\n\"I really think there's a realization that this is a ripe environment: rates are still low and for stock investors, this hits a 'just right' tone,\" said Patrick Leary, chief market strategist at Incapital. \"The market is concerned about rising inflation numbers and was getting more unnerved as the Fed dismissed them until last week’s meeting.\"\nTestifying before Congress, Powell vowed that the Fed will not raise rates out of fear of potential rising inflation, and instead will prioritize a \"broad and inclusive\" recovery of the job market. He said recent price increases do not suggest higher rates are needed, and instead can be attributed to categories directly impacted by economic reopening.\n\"After the FOMC took the wind out of the reflation trade at the end of last week, that’s started to reverse over the last two days. It seems last week’s price action went too far,\" said Stephanie Roth, senior markets economist for J.P. Morgan Private Bank.\nPowell's remarks pushed yields on benchmark 10-year Treasuries lower, dipping to yield 1.4649% after clearing 1.5% earlier in the day.\nThe dollar also dipped as Powell spoke, with the dollar index falling 0.20% to 91.733 . It is holding below a two-month high of 92.408 reached on Friday.\nOil slid slightly after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.\nBrent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.\nU.S. West Texas Intermediate $(WTI)$ crude fell 60 cents, or 0.8%, to $73.06 a barrel.\nBitcoin began making a comeback of sorts, climbing back above $30,000 after hitting lows not seen since January. The cryptocurrency last traded at $32,831, but has nearly halved in value over the last three months. Bitcoin and other cryptocurrencies came in for heavy selling on Monday, hurt by a tightening crackdown on trading and mining in China.\nSpot gold prices fell $4.8691 or 0.27%, to $1,778.08 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168769479,"gmtCreate":1623984124491,"gmtModify":1703825542336,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Long term!","listText":"Long term!","text":"Long term!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168769479","repostId":"1180977741","repostType":4,"repost":{"id":"1180977741","pubTimestamp":1623981539,"share":"https://ttm.financial/m/news/1180977741?lang=&edition=fundamental","pubTime":"2021-06-18 09:58","market":"us","language":"en","title":"Palantir: The Untold Truth","url":"https://stock-news.laohu8.com/highlight/detail?id=1180977741","media":"seekingalpha","summary":"Summary\n\nPalantir is often criticized for its lofty valuation multiples, stagnating customer base an","content":"<p><b>Summary</b></p>\n<ul>\n <li>Palantir is often criticized for its lofty valuation multiples, stagnating customer base and its bleak margin profile.</li>\n <li>But the company is actually doing well in terms of customer growth, margin expansion and government order wins.</li>\n <li>Investors with a long-term time horizon may want to accumulate its shares on potential price corrections.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6abc7f93f4c7e615f66dca20523d1c16\" tg-width=\"1536\" tg-height=\"1077\"><span>C Flanigan/Getty Images Entertainment</span></p>\n<p>Palantir (PLTR) is lately being lambasted in various investing forums on speculative grounds such as how its growth momentum could fizzle out soon, how its margin profile is dragging the company down and that the stock doesn’t justify its price premium. But the company isn't as bad. On the contrary, the data analytics firm is performing well on several parameters – such as customer growth, government order wins and margin expansion – which should come as an encouraging sign for its long-side investors and dispel such speculative bearish narratives. Let's take a closer look.</p>\n<p><b>Rapid Customer Growth</b></p>\n<p>Bears have been criticizing Palantir for its bespoke functionality ever since it went public. Its platforms involve customization for various workflows and customer needs, so bears feel the company faces difficulty in onboarding several customers at once and as a result, it’s bottlenecked and its growth momentum can fizzle out. While I respect contrasting opinions, fact of the matter here is that Palantir doesn’t seem to be struggling with customer adds.</p>\n<p>The company’s customer count increased by over 7% on a sequential basis in Q1 2021. Our database at Business Quant reveals that this pace of growth is actually higher than that reported by some of the other renowned names in the software application and infrastructure industries. This immediately dispels the narrative that Palantir faces difficulty in scaling customer relationships due to its bespoke features, whenit's performing better than peers in this regard.</p>\n<p><img src=\"https://static.tigerbbs.com/37577e60466b8a980efd8bee77b02711\" tg-width=\"640\" tg-height=\"516\" referrerpolicy=\"no-referrer\"></p>\n<p>The company’s elevated pace of customer additions shouldn’t come as a surprise to my readers. I’ve explained in my prior articles how the company is undertaking a slew of measures – such as adopting a customer-friendly&nbsp;payment model, ramping up its&nbsp;sales function&nbsp;and introducing&nbsp;free trials&nbsp;for major enterprises – to expand its customer base. These initiatives were announced only a few months ago, and will continue for the rest of FY21, so I expect Palantir to continue adding customers at a rapid rate in near future as well.</p>\n<p>Having said that, there’s no denying that Palantir’s customer base isn’t as sizable as some of its peers, but that’s also where its growth opportunity lies. It suggests that Palantir is yet to penetrate its target market in a big way and that its lower base effect makes it easier for the company to continue expanding its customer base at elevated rates.</p>\n<p>There are broadly four takeaways here, which, by the way, the bears seem to discount time and again. These are:</p>\n<ul>\n <li>Palantir's target market isn't saturated yet and it can still find new customers with ease,</li>\n <li>These new customers are bound to lift the company’s revenue higher in 2021 by a varied magnitude, depending on their contract value,</li>\n <li>If these are recurring contracts, then that’s going to boost Palantir’s future revenue projections and guidance,</li>\n <li>If these new customers eventually ramp up their spend, then that's also going to boost Palantir’s future cash flows.</li>\n</ul>\n<p>Regarding the last bullet, it's worth noting that Palantir’s top 20 customers, in general, have significantly ramped up their spending on the company’s data analytics platforms in each of the last 10 years. This new batch of customers, and any future customer additions, could also go through this spending expansion phase in the subsequent years and gradually boost Palantir’s revenue along the way. So, we must give due importance to its rapid pace of customer adds and not take it lightly.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4923a1dd5cc6af812c6dd7b8335f878\" tg-width=\"640\" tg-height=\"426\"><span>(Source: BusinessQuant.com)</span></p>\n<p><b>Margin Expansion</b></p>\n<p>Another issue with assessing Palantir’s growth prospects is that the company isn’t profitable yet. While some feel the stock will remain subdued due to its weak margin profile, others feel it can collapse down to single digits. The frustration is understandable given the company posted a net loss of $0.07 per share in its most recent quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/facd3a7bf5326c841c6f0e79d392d160\" tg-width=\"640\" tg-height=\"125\"><span>(Source:Seeking Alpha)</span></p>\n<p>But I wanted to see for myself if Palantir’s margin profile was actually as hopeless as many believe it to be. So, I compiled the margin profiles for about 90 software infrastructure stocks listed on US bourses. There's no denying that the company's net profit margin is in the red. But what's surprising here is that Palantir had actually posted one of the highest sequential net margin expansions in Q1, in its peer group. To the best of my knowledge, this aspect of Palantir’s business hasn’t been discussed on any investing forum.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25614333f421bbcdaf90b43a6ed8e011\" tg-width=\"640\" tg-height=\"552\"><span>(Source: BusinessQuant.com)</span></p>\n<p>The company may not have been profitable so far, but that doesn’t mean it will remain unprofitable in the future as well. If its recent pace of margin expansion continues in the next several quarters, the company could become profitable in the next 2 to 3 years without sacrificing on its growth momentum. So, let’s give credit where it’s due. The community of professional analysts also shares this line of thought and projects Palantir's margin profile to materially improve going forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b0017c547d56295730e8f7f4124935d\" tg-width=\"640\" tg-height=\"400\"><span>(Source:MarketScreener)</span></p>\n<p>Besides, with public shareholding involved now, its management is likely to be under constant pressure to deliver breakneck revenue growth rates, and/or achieve profitability in the near future, or risk being voted out of their positions. This pressure may not have been as intense prior to its direct listing, when fewer shareholders were involved. So, overall, I don’t think Palantir’s margin profile is hopeless as many believe it to be, and I expect the company to become profitable by 2024.</p>\n<p><b>Government Contract Wins</b></p>\n<p>Moving on, Palantir has been doing extremely well when it comes to securing government contracts. B2G contracts are generally tough to win – given the extensive qualification criteria, long turnaround times and heightened competition – but Palantir seems to have the figured out recipe for success on the government side of its business. For the uninitiated, its revenue from government contracts rose 76% year over year, accounted for about 61% of the company's overall revenue, in Q1.</p>\n<p>Unless the company botches up somewhere, these government agencies are likely going to internally recommend it for varied applications. They won’t have to qualify Palantir time and again for several criteria which could drive these internal cross-agency referrals in a speedy manner and these agencies might even ramp up their spending in pre-existing contracts. So, Palantir just needs to rinse-and-repeat its B2G (Business-to-Government) strategy, and its government revenue could continue growing rapidly.</p>\n<p>Palantir has also made steady progress with regards to its government business so far in Q2. Its Q2 is still ongoing, but at the time of this writing, the company has over $36 million worth of new current action obligations from government deals, agreements and contracts, most of which haven’t made the headlines. For the uninitiated, a new deal could be an addition to pre-existing deal, expand the scope of previously agreed upon deliverables, it could be entirely new in nature, have varied execution periods that span from months to years and/or also have a recurring revenue stream attached to it.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/091203d7b476076ff008ca0c3b0f6ad2\" tg-width=\"640\" tg-height=\"352\"><span>(Source: BusinessQuant.com)</span></p>\n<p>So, while there are several variables that prevent us from reliably estimating the near-term revenue impact from these deals, Palantir’s shareholders with a long-term time horizon should feel reassured that their company continues to make steady progress towards growing its government business.</p>\n<p><b>Final Thoughts</b></p>\n<p>Palantir’s shares are currently trading at about 43-times its trailing twelve-month sales which is, undeniably, high by conventional standards.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40584e7d2ca5458e8609338887f80e2f\" tg-width=\"640\" tg-height=\"361\"><span>(Source: BusinessQuant.com)</span></p>\n<p>However, its rich valuations alone shouldn't be the basis of a bear thesis. Palantir's valuation multiples may be high, but note from the chart above thatits revenue growth rate in Q1 was also higher than most of its peers.</p>\n<p>So, I believe the price premium is justified by the company’s rapid pace of revenue growth (illustrated in the chart above), its qualitative growth catalysts discussed in this article and its relatively secure government revenue stream.</p>\n<p>Keeping these factors in mind, investors with a multi-year time horizon may want to increase exposure to Palantir on potential price corrections. The stock is likely to reach new highs as its growth catalysts eventually materialize, and as the company approaches profitability, in the next 2 to 3 years. Good Luck!</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: The Untold Truth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: The Untold Truth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435125-palantir-the-untold-truth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPalantir is often criticized for its lofty valuation multiples, stagnating customer base and its bleak margin profile.\nBut the company is actually doing well in terms of customer growth, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435125-palantir-the-untold-truth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4435125-palantir-the-untold-truth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180977741","content_text":"Summary\n\nPalantir is often criticized for its lofty valuation multiples, stagnating customer base and its bleak margin profile.\nBut the company is actually doing well in terms of customer growth, margin expansion and government order wins.\nInvestors with a long-term time horizon may want to accumulate its shares on potential price corrections.\n\nC Flanigan/Getty Images Entertainment\nPalantir (PLTR) is lately being lambasted in various investing forums on speculative grounds such as how its growth momentum could fizzle out soon, how its margin profile is dragging the company down and that the stock doesn’t justify its price premium. But the company isn't as bad. On the contrary, the data analytics firm is performing well on several parameters – such as customer growth, government order wins and margin expansion – which should come as an encouraging sign for its long-side investors and dispel such speculative bearish narratives. Let's take a closer look.\nRapid Customer Growth\nBears have been criticizing Palantir for its bespoke functionality ever since it went public. Its platforms involve customization for various workflows and customer needs, so bears feel the company faces difficulty in onboarding several customers at once and as a result, it’s bottlenecked and its growth momentum can fizzle out. While I respect contrasting opinions, fact of the matter here is that Palantir doesn’t seem to be struggling with customer adds.\nThe company’s customer count increased by over 7% on a sequential basis in Q1 2021. Our database at Business Quant reveals that this pace of growth is actually higher than that reported by some of the other renowned names in the software application and infrastructure industries. This immediately dispels the narrative that Palantir faces difficulty in scaling customer relationships due to its bespoke features, whenit's performing better than peers in this regard.\n\nThe company’s elevated pace of customer additions shouldn’t come as a surprise to my readers. I’ve explained in my prior articles how the company is undertaking a slew of measures – such as adopting a customer-friendly payment model, ramping up its sales function and introducing free trials for major enterprises – to expand its customer base. These initiatives were announced only a few months ago, and will continue for the rest of FY21, so I expect Palantir to continue adding customers at a rapid rate in near future as well.\nHaving said that, there’s no denying that Palantir’s customer base isn’t as sizable as some of its peers, but that’s also where its growth opportunity lies. It suggests that Palantir is yet to penetrate its target market in a big way and that its lower base effect makes it easier for the company to continue expanding its customer base at elevated rates.\nThere are broadly four takeaways here, which, by the way, the bears seem to discount time and again. These are:\n\nPalantir's target market isn't saturated yet and it can still find new customers with ease,\nThese new customers are bound to lift the company’s revenue higher in 2021 by a varied magnitude, depending on their contract value,\nIf these are recurring contracts, then that’s going to boost Palantir’s future revenue projections and guidance,\nIf these new customers eventually ramp up their spend, then that's also going to boost Palantir’s future cash flows.\n\nRegarding the last bullet, it's worth noting that Palantir’s top 20 customers, in general, have significantly ramped up their spending on the company’s data analytics platforms in each of the last 10 years. This new batch of customers, and any future customer additions, could also go through this spending expansion phase in the subsequent years and gradually boost Palantir’s revenue along the way. So, we must give due importance to its rapid pace of customer adds and not take it lightly.\n(Source: BusinessQuant.com)\nMargin Expansion\nAnother issue with assessing Palantir’s growth prospects is that the company isn’t profitable yet. While some feel the stock will remain subdued due to its weak margin profile, others feel it can collapse down to single digits. The frustration is understandable given the company posted a net loss of $0.07 per share in its most recent quarter.\n(Source:Seeking Alpha)\nBut I wanted to see for myself if Palantir’s margin profile was actually as hopeless as many believe it to be. So, I compiled the margin profiles for about 90 software infrastructure stocks listed on US bourses. There's no denying that the company's net profit margin is in the red. But what's surprising here is that Palantir had actually posted one of the highest sequential net margin expansions in Q1, in its peer group. To the best of my knowledge, this aspect of Palantir’s business hasn’t been discussed on any investing forum.\n(Source: BusinessQuant.com)\nThe company may not have been profitable so far, but that doesn’t mean it will remain unprofitable in the future as well. If its recent pace of margin expansion continues in the next several quarters, the company could become profitable in the next 2 to 3 years without sacrificing on its growth momentum. So, let’s give credit where it’s due. The community of professional analysts also shares this line of thought and projects Palantir's margin profile to materially improve going forward.\n(Source:MarketScreener)\nBesides, with public shareholding involved now, its management is likely to be under constant pressure to deliver breakneck revenue growth rates, and/or achieve profitability in the near future, or risk being voted out of their positions. This pressure may not have been as intense prior to its direct listing, when fewer shareholders were involved. So, overall, I don’t think Palantir’s margin profile is hopeless as many believe it to be, and I expect the company to become profitable by 2024.\nGovernment Contract Wins\nMoving on, Palantir has been doing extremely well when it comes to securing government contracts. B2G contracts are generally tough to win – given the extensive qualification criteria, long turnaround times and heightened competition – but Palantir seems to have the figured out recipe for success on the government side of its business. For the uninitiated, its revenue from government contracts rose 76% year over year, accounted for about 61% of the company's overall revenue, in Q1.\nUnless the company botches up somewhere, these government agencies are likely going to internally recommend it for varied applications. They won’t have to qualify Palantir time and again for several criteria which could drive these internal cross-agency referrals in a speedy manner and these agencies might even ramp up their spending in pre-existing contracts. So, Palantir just needs to rinse-and-repeat its B2G (Business-to-Government) strategy, and its government revenue could continue growing rapidly.\nPalantir has also made steady progress with regards to its government business so far in Q2. Its Q2 is still ongoing, but at the time of this writing, the company has over $36 million worth of new current action obligations from government deals, agreements and contracts, most of which haven’t made the headlines. For the uninitiated, a new deal could be an addition to pre-existing deal, expand the scope of previously agreed upon deliverables, it could be entirely new in nature, have varied execution periods that span from months to years and/or also have a recurring revenue stream attached to it.\n(Source: BusinessQuant.com)\nSo, while there are several variables that prevent us from reliably estimating the near-term revenue impact from these deals, Palantir’s shareholders with a long-term time horizon should feel reassured that their company continues to make steady progress towards growing its government business.\nFinal Thoughts\nPalantir’s shares are currently trading at about 43-times its trailing twelve-month sales which is, undeniably, high by conventional standards.\n(Source: BusinessQuant.com)\nHowever, its rich valuations alone shouldn't be the basis of a bear thesis. Palantir's valuation multiples may be high, but note from the chart above thatits revenue growth rate in Q1 was also higher than most of its peers.\nSo, I believe the price premium is justified by the company’s rapid pace of revenue growth (illustrated in the chart above), its qualitative growth catalysts discussed in this article and its relatively secure government revenue stream.\nKeeping these factors in mind, investors with a multi-year time horizon may want to increase exposure to Palantir on potential price corrections. The stock is likely to reach new highs as its growth catalysts eventually materialize, and as the company approaches profitability, in the next 2 to 3 years. Good Luck!","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185423271,"gmtCreate":1623668411093,"gmtModify":1704208187886,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Adobe is a good one","listText":"Adobe is a good one","text":"Adobe is a good one","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185423271","repostId":"1146430910","repostType":4,"repost":{"id":"1146430910","pubTimestamp":1623624483,"share":"https://ttm.financial/m/news/1146430910?lang=&edition=fundamental","pubTime":"2021-06-14 06:48","market":"us","language":"en","title":"Oracle, Adobe, Kroger, General Motors, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1146430910","media":"Barrons","summary":"It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and","content":"<p>It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and Kroger on&nbsp;Thursday make up&nbsp;the notable reports over the coming days.</p>\n<p>Several other companies will speak with investors this week.&nbsp;Activision Blizzard and General Motors host their annual shareholder meetings on Monday, followed by Humana’s investor day on Tuesday and events by&nbsp;DXC Technology and NRG Energy on Thursday.</p>\n<p>The main event on the economic calendar this week will be the&nbsp;Federal Reserve’s rate-setting committee’s June meeting on Tuesday and Wednesday. The committee’s monetary-policy decision and a post-meeting press conference with Chairman&nbsp;Jerome Powell will be the focus of attention on Wednesday afternoon. Talk of inflation and bond-purchase tapering will be on the agenda.</p>\n<p>Data out this week include the Bureau of Labor Statistics’ producer price index for May and the Census Bureau’s retail-sales data for May, both on Tuesday, followed by the Conference Board’s Leading Economic Index for May on Thursday. There will also be data on the U.S. housing market out on Tuesday and Wednesday.</p>\n<p><b>Monday 6/14</b></p>\n<p>Roche Holding&nbsp;presents data on its spinal muscular atrophy drug, Evrysdi, at the 2021 CureSMA annual meeting.</p>\n<p>Activision Blizzard and General Motors hold their annual shareholder meetings.</p>\n<p><b>Tuesday 6/15</b></p>\n<p>Oracle announces fiscal fourth-quarter and full-year 2021 results.</p>\n<p>Humana hosts its biennial investor day virtually.</p>\n<p><b>The National Association</b>&nbsp;of Home Builders releases its Housing Market Index for June. Economists forecast an 83 reading, matching the May figure. Home builders remain very bullish on the housing market but are concerned about the availability and cost of building materials.</p>\n<p><b>The Census Bureau</b>&nbsp;reports retail-sales data for May. Expectations are for a 0.5% month-over-month decline, following a flat April. Excluding autos, spending is seen rising 0.6%, compared with a 0.8% decrease previously.</p>\n<p><b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for May. Consensus estimate is for a 0.4% monthly increase, with the core PPI, which excludes volatile food and energy prices, expected to rise 0.4% as well. This compares with gains of 0.6% and 0.7%, respectively, in April.</p>\n<p><b>Wednesday 6/16</b></p>\n<p><b>The FOMC announces</b>&nbsp;its monetary-policy decision. With the federal-funds rate all but certain to remain near zero, Wall Street is looking for clues as to when the Federal Reserve might scale back its bond purchases.</p>\n<p>Lennar reports quarterly results.</p>\n<p><b>The Census Bureau</b>&nbsp;reports new residential construction data for May. The economists forecast a seasonally adjusted annual rate of 1.63 million housing starts, slightly higher than April’s data. Housing starts are just below their post-financial-crisis peak of 1.73 million from March.</p>\n<p><b>Thursday 6/17</b></p>\n<p>Adobe and Kroger hold conference calls to discuss earnings.</p>\n<p>DXC Technology and NRG Energy hold their 2021 investor days.</p>\n<p><b>The Conference Board</b>&nbsp;releases its Leading Economic Index for May. The LEI is expected to rise 1.1% month over month to 114.5, after gaining 1.6% in April. The index has now surpassed its pre-Covid peak, set back in January of 2020. The Conference Board now projects 8% to 9% annualized gross-domestic-product growth for the second quarter, and 6.4% for the year.</p>\n<p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on June 15. Jobless claims this past week were 376,000, the lowest total since March of 2020.</p>\n<p><b>Friday 6/18</b></p>\n<p><b>The Bank of Japan</b>&nbsp;announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at negative 0.1%. The BOJ recently updated its GDP forecast to 4% growth for fiscal 2021 and 2.4% for fiscal 2022.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oracle, Adobe, Kroger, General Motors, and Other Stocks for Investors to Watch This Week</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\">\nOracle, Adobe, Kroger, General Motors, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 06:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/oracle-adobe-kroger-general-motors-and-other-stocks-for-investors-to-watch-this-week-51623610821?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and Kroger on Thursday make up the notable reports over the coming days.\nSeveral other companies will ...</p>\n\n<a href=\"https://www.barrons.com/articles/oracle-adobe-kroger-general-motors-and-other-stocks-for-investors-to-watch-this-week-51623610821?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","KR":"克罗格",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","ADBE":"Adobe","GM":"通用汽车","ORCL":"甲骨文"},"source_url":"https://www.barrons.com/articles/oracle-adobe-kroger-general-motors-and-other-stocks-for-investors-to-watch-this-week-51623610821?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146430910","content_text":"It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and Kroger on Thursday make up the notable reports over the coming days.\nSeveral other companies will speak with investors this week. Activision Blizzard and General Motors host their annual shareholder meetings on Monday, followed by Humana’s investor day on Tuesday and events by DXC Technology and NRG Energy on Thursday.\nThe main event on the economic calendar this week will be the Federal Reserve’s rate-setting committee’s June meeting on Tuesday and Wednesday. The committee’s monetary-policy decision and a post-meeting press conference with Chairman Jerome Powell will be the focus of attention on Wednesday afternoon. Talk of inflation and bond-purchase tapering will be on the agenda.\nData out this week include the Bureau of Labor Statistics’ producer price index for May and the Census Bureau’s retail-sales data for May, both on Tuesday, followed by the Conference Board’s Leading Economic Index for May on Thursday. There will also be data on the U.S. housing market out on Tuesday and Wednesday.\nMonday 6/14\nRoche Holding presents data on its spinal muscular atrophy drug, Evrysdi, at the 2021 CureSMA annual meeting.\nActivision Blizzard and General Motors hold their annual shareholder meetings.\nTuesday 6/15\nOracle announces fiscal fourth-quarter and full-year 2021 results.\nHumana hosts its biennial investor day virtually.\nThe National Association of Home Builders releases its Housing Market Index for June. Economists forecast an 83 reading, matching the May figure. Home builders remain very bullish on the housing market but are concerned about the availability and cost of building materials.\nThe Census Bureau reports retail-sales data for May. Expectations are for a 0.5% month-over-month decline, following a flat April. Excluding autos, spending is seen rising 0.6%, compared with a 0.8% decrease previously.\nThe Bureau of Labor Statistics releases the producer price index for May. Consensus estimate is for a 0.4% monthly increase, with the core PPI, which excludes volatile food and energy prices, expected to rise 0.4% as well. This compares with gains of 0.6% and 0.7%, respectively, in April.\nWednesday 6/16\nThe FOMC announces its monetary-policy decision. With the federal-funds rate all but certain to remain near zero, Wall Street is looking for clues as to when the Federal Reserve might scale back its bond purchases.\nLennar reports quarterly results.\nThe Census Bureau reports new residential construction data for May. The economists forecast a seasonally adjusted annual rate of 1.63 million housing starts, slightly higher than April’s data. Housing starts are just below their post-financial-crisis peak of 1.73 million from March.\nThursday 6/17\nAdobe and Kroger hold conference calls to discuss earnings.\nDXC Technology and NRG Energy hold their 2021 investor days.\nThe Conference Board releases its Leading Economic Index for May. The LEI is expected to rise 1.1% month over month to 114.5, after gaining 1.6% in April. The index has now surpassed its pre-Covid peak, set back in January of 2020. The Conference Board now projects 8% to 9% annualized gross-domestic-product growth for the second quarter, and 6.4% for the year.\nThe Department of Labor reports initial jobless claims for the week ending on June 15. Jobless claims this past week were 376,000, the lowest total since March of 2020.\nFriday 6/18\nThe Bank of Japan announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at negative 0.1%. The BOJ recently updated its GDP forecast to 4% growth for fiscal 2021 and 2.4% for fiscal 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122070321,"gmtCreate":1624590261563,"gmtModify":1703841166116,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"I'd invest in both Microsoft and Apple","listText":"I'd invest in both Microsoft and Apple","text":"I'd invest in both Microsoft and Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122070321","repostId":"1193737129","repostType":4,"repost":{"id":"1193737129","pubTimestamp":1624581188,"share":"https://ttm.financial/m/news/1193737129?lang=&edition=fundamental","pubTime":"2021-06-25 08:33","market":"us","language":"en","title":"Microsoft closes above $2 trillion market cap for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1193737129","media":"CNBC","summary":"Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.","content":"<div>\n<p>Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.m. ET on Tuesday, June 22, but dipped below that mark again before ending Thursday's trading session...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft closes above $2 trillion market cap for the first time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft closes above $2 trillion market cap for the first time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.m. ET on Tuesday, June 22, but dipped below that mark again before ending Thursday's trading session...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html\">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","AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1193737129","content_text":"Microsoftis now worth more than $2 trillion.\nThe software maker first hit that level just after 3 p.m. ET on Tuesday, June 22, but dipped below that mark again before ending Thursday's trading session at $266.69 per share. The milestone follows the company's unveiling ofWindows 11, its first new version of the flagship operating system in more than five years, on Thursday morning.\nMicrosoft's value has doubled in two years' time, bolstered by demand for products such as the Teams chat app that kept organizations functioning during the coronavirus pandemic.\nThe appreciation of the company's stock price reflects a rejuvenated company, one that has looked beyond its dominant Windows operating system and found growth in cloud computing and acquisitions.\nMicrosoft stock has grown more than 600% since Satya Nadella replaced Steve Ballmer as the company's CEO in 2014. (During Ballmer's 14-year tenure as CEO, the company's stock fell 32%.) One of Nadella's first moves was to reveal that Office applications like Word and Excel were coming toApple's iOS andGoogle's Android, rather than restricting those apps to smartphones that ran Windows. A year later, when Windows 10 came out, it was a free update, unlike Windows 7 and Windows 8.\nNadella had run the division that includes Microsoft's Azure public cloud immediately before taking the CEO job, and it shows. In his years as CEO he has made public appearances to talk about uses of Azure at prominent customers such as the National Basketball Association, Volkswagen and Walgreens. Azure is on track to becomeMicrosoft's largest business.\nMicrosoft under Nadella has become gentler and more open to working with rivals where it makes sense. It improved relations with rivals such as Red Hat and Salesforce, and it has added the open-source Linux operating system, once seen as a threat to Windows, directly into Windows. On Thursday, the company announced Windows 11 will support apps that run Google's Android operating system, and Nadella spent the end of the company's presentation portraying Microsoft as afriendlier option for software developersthan Apple.\nThese days, venture investorBen Horowitz has said, Microsoft is a great company for start-ups to partner with, rather than an entity to be feared.\nNadella's Microsoft has managed to largely avoid antitrust scrutiny despite its past, which includes a landmark antitrust case brought by the U.S. Justice Department in 1998. Meanwhile,Amazon, Apple,Facebookand Google have all faced pressure from regulators during the Nadella years. However, team communication app makerSlackdid file an antitrust complaint in Europe last year after Microsoft introduced Teams and released it to clients that subscribe to the Office 365 bundle.\nMore recently, the top Republican on the House Judiciary Committee, Ohio's Jim Jordan, sent a letter to Microsoft President Brad Smithsuggestingthat it might be covered by parts of five proposed antitrust bills making their way through committee.\nMicrosoft has spent more than $45 billion acquiring companies on Nadella's watch, including business social network LinkedIn, video game developers Mojang and Zenimax, and the code-storage service GitHub. Microsoft has largely left them to operate independently and grow. In April the companysaidit had agreed to acquire speech-recognition company Nuance for $19.7 billion, inclusive of equity and debt.\nNadella's deal track record has been more successful than that of his predecessor, whoseaQuantive and Nokiaacquisitions resulted in write-downs. Mojang's Minecraft game, by contrast, has become thebest-selling gamein history, and LinkedIn's quarterly revenue has nearly tripled.\nMicrosoft was among the first companies to exceed a $1 trillion valuation when ithit that milestonein April 2019. Not long before that, Microsoft had reclaimed the title ofmost valuable public company, although today it's held byApple.\nAmazon and Google's parent company,Alphabet, are both worth more than $1 trillion, as is oil company Saudi Aramco.","news_type":1},"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122042235,"gmtCreate":1624590131327,"gmtModify":1703841162027,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Will this drive the price and value&nbsp;up?","listText":"Will this drive the price and value&nbsp;up?","text":"Will this drive the price and value up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122042235","repostId":"2146021046","repostType":4,"repost":{"id":"2146021046","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624589404,"share":"https://ttm.financial/m/news/2146021046?lang=&edition=fundamental","pubTime":"2021-06-25 10:50","market":"fut","language":"en","title":"Bitcoin to become legal tender in El Salvador on Sept 7","url":"https://stock-news.laohu8.com/highlight/detail?id=2146021046","media":"Reuters","summary":"SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on","content":"<p>SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.</p>\n<p>El Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.</p>\n<p>\"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars,\" said Bukele.</p>\n<p>Salaries and pensions will continue to be paid in U.S. dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.</p>\n<p>Earlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.</p>\n<p>According to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.</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>Bitcoin to become legal tender in El Salvador on Sept 7</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin to become legal tender in El Salvador on Sept 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-25 10:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.</p>\n<p>El Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.</p>\n<p>\"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars,\" said Bukele.</p>\n<p>Salaries and pensions will continue to be paid in U.S. dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.</p>\n<p>Earlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.</p>\n<p>According to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146021046","content_text":"SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.\nEl Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.\n\"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars,\" said Bukele.\nSalaries and pensions will continue to be paid in U.S. dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.\nEarlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.\nAccording to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.","news_type":1},"isVote":1,"tweetType":1,"viewCount":468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129309733,"gmtCreate":1624355826222,"gmtModify":1703834245296,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129309733","repostId":"1107327307","repostType":4,"repost":{"id":"1107327307","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","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>ByteDance Founder Donates $77 Million to Education Fund</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\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">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://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129309209,"gmtCreate":1624355802201,"gmtModify":1703834244647,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Who here likes Disney?","listText":"Who here likes Disney?","text":"Who here likes Disney?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129309209","repostId":"1186919064","repostType":4,"repost":{"id":"1186919064","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Disney Stock Split This Year?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">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://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167340490,"gmtCreate":1624249130210,"gmtModify":1703831552556,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167340490","repostId":"1175906479","repostType":4,"repost":{"id":"1175906479","pubTimestamp":1624242000,"share":"https://ttm.financial/m/news/1175906479?lang=&edition=fundamental","pubTime":"2021-06-21 10:20","market":"us","language":"en","title":"Apple: Winter Is Coming","url":"https://stock-news.laohu8.com/highlight/detail?id=1175906479","media":"seekingalpha","summary":"Apple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.I initiate Apple with a Neutral rating and a fair value of $111.42/share .In the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&amp;P 500 over the same period.</li>\n <li>I initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share).</li>\n <li>From the technical analysis point of view, the stock price is following its ascending triangle pattern and it is heading to the price target of $137/share.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4dc5052119e6bbc5b693cf7385d8738\" tg-width=\"768\" tg-height=\"512\" referrerpolicy=\"no-referrer\"><span>Michael M. Santiago/Getty Images NewsCompany Overview</span></p>\n<p>Apple Inc (AAPL) stock has rallied 449% in the last five years, outperforming the 102% rise in the S&amp;P 500 over the same period. An outstanding return supported by underlying fundamentals. In particular, I would like to start the analysis with the latter.</p>\n<p>Over the last two decades, the dominant driver of Apple's success has been the iPhone. In 2016, iPhones accounted for 63% of total sales. This was a problem for Apple, and they knew it. The problem existed due to two main factors: first, the smartphone business was mature (with low growth rates); second, it was (and it is) a highly competitive business. However, Apple had something other competitors didn't have, a big iPhone owner base (which allows to sell more services for instance). Through the years Apple has been able to effectively diversify its revenue stream and it currently presents the structure represented below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4602be0c6fa92191baf04a7496c4e024\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>Let's now take a look at each of these segments:</p>\n<p><b>1. iPhone</b></p>\n<p>From 2016 to 2020, the iPhone segment grew at a CAGR of 0.20% and it changed from representing 63.4% (2016) of total sales to 51% (\"TTM\"). I present below the growth rate for the iPhone segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/916b48499e3e3ed2c0c167af3ba62bdb\" tg-width=\"607\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest10-K report</span></p>\n<p>So far this year the iPhone segment is showing a growth rate of 18.5% TTM, fueled by the new family of iPhone12 with 5G capabilities, and with interesting data coming from China. I believe that the transition to 5G will be the main driver of the growth in this segment. In this manner, I would like to report a piece of the transcript from theQ2 earnings call.</p>\n<blockquote>\n <i>In the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger service possible as air travel rebounds.Openreach in the U.K. has started equipping tens of thousands of field engineers with iPhone 12 to speed up their deployment of broadband services to homes around the country. And UCHealth, a large health care provider in Colorado, was able to reduce per patient vaccination time from 3 minutes to only 30 seconds largely by moving from PC stations to iPhones. This has allowed their staff to rapidly scan and register new patients and vastly increase their daily vaccination capacity.</i>\n</blockquote>\n<p><b>2. iPad</b></p>\n<p>As it was in the past, the iPad segment is more or less a constant number as a % of total sales, 9.6% in 2016 vs 9.1% TTM. From 2016 to 2020, the iPad segment grew at a CAGR of 3.56% (with an improving overall trend). I present below the growth rate for the iPad segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6faf9ddb8d29d662fcaa46bbda862f48\" tg-width=\"616\" tg-height=\"360\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>The TTM numbers show us an interesting picture with a growth rate of 24.9% TTM for the iPad segment which are driven by 3 factors: the M1 chip, the new 5G capabilities, and the fact that we were all at home. I see a lot of ways in which this new generation of iPads can be implemented. However, I also have to admit that there is a big player swimming in the same sea, the new 2-1 Laptops. The new 2-1 Laptops are a very interesting solution for those looking to have the best of the two worlds. In this last view, the iPad segment may represent a lower % of total sales, around 7.8% (vs current 9.1%).</p>\n<p><b>3. Mac</b></p>\n<p>From 2016 to 2020, the Mac segment grew at a CAGR of 5.81%, and also here, as it is for the iPad segment, the Mac segment represents a more or less constant number as % of total sales 10.6% in 2016 vs 10.4% TTM. I present below the growth rate for the Mac segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2494d89c1d5cd70a4cf0c5fb31fb20a\" tg-width=\"614\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>The generation of new Macs powered by the M1 chip seems to be appreciated by the customers, in fact, the Mac segment presents a growth rate of 18.4% TTM so far this year. I personally tried this new generation of Macs and I have to admit, Apple knows very well how to delight its customers. Personal PCs are a highly competitive market and, even if I like and I use Apple products, I prefer to work with a Lenovo.</p>\n<p><b>4. Wearables, Home, and Accessories (WH&amp;A)</b></p>\n<p>The Wearables, Home, and Accessories segment includes sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, etc. This is where it gets interesting. From 2016 to 2020, the WH&amp;A segment grew at a CAGR of 28.78%, and it changed from representing only 5.2% of total sales in 2016 to represent 10.8% TTM. I present below the growth rate for the WH&amp;A segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e16432a1ae66aa9dda7a4f969a9cfcdf\" tg-width=\"607\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>The WH&amp;A segment is showing a growth rate of 14.7% TTM driven by a strong performance from both Apple Watch Series 6 and Apple Watch SE. Apple Watch may have a very bright future in the years ahead, driven by Apple entering into the healthcare market. In fact, it can be used to monitor the health status of the person. Imagine you being close to having a heart attack, your Apple Watch may call an ambulance and save your life, not bad no? Finally, let's don't forget also the launch of Apple TV 4K and of the newest accessory, AirTag (I don't see a market for the latter, but I may be wrong).</p>\n<p><b>5. Services</b></p>\n<p>Services include sales from the Company’s advertising, AppleCare, digital content, and other services. From 2016 to 2020, the Services segment grew at a CAGR of 21.9% and it changed from representing 11.3% of total sales in 2016 to represent 18.6% TTM. I present below the growth rate for the Services segment over the last 5 years (2016-TTM).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af34eb1ba8fffd690a75318f8cf805f7\" tg-width=\"610\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>To date, the Services segment is showing a growth rate of 12.3% TTM. The growth is driven by App Store, Cloud Services, Music, Advertising, and Payment Services. The new services, Apple TV+, Apple Arcade, Apple News+, and Apple Card, are also starting to contribute to overall services growth, and continue to add users, content, and features. I believe that in the future, the Services segment will be the company's dominant segment. Below I present an interesting part I extrapolated from theQ4 earnings call.</p>\n<blockquote>\n <i>First, our installed base continues to grow and is at an all-time high across each major product category. Second, the number of both transacting and paid accounts on our digital content stores reached a new all-time high during the September quarter, with paid accounts increasing double digits in each of our geographic segments.Third, paid subscriptions grew more than 35 million sequentially, and we now have over 585 million paid subscriptions across the services on our platform, up 135 million from just a year ago. With this momentum, we are very confident to reach and exceed our increased target of 600 million paid subscriptions before the end of calendar 2020.</i>\n</blockquote>\n<p><b>Company Analysis</b></p>\n<p>I initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share). The fair value is an algorithm-adjusted value that accounts for different factors, fundamental and technical (e.g. DCF fair value, Momentum, etc.), and so it takes into consideration the Mr. Market mood. At the same time, the fair value which I obtained through the DCF model is equal to $105.68/share. Now before showing the results, the numbers used as the base are the trailing twelve-month numbers. Moreover, I also restated the financials since I capitalized on R&amp;D expenses with an amortizable life of 3 years. I don't believe that in the case of Apple, R&amp;D is an operating expense and for this reason, I treat it as CapEx. By taking into account the R&amp;D, the following metrics have been restated (all numbers in $mm).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7a2222a8e8b9088e619b0b971193a1f\" tg-width=\"569\" tg-height=\"262\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>It is very important to capitalize on R&amp;D expense, if we don't, we are just keeping the company's biggest asset off-balance sheet.</p>\n<p><b>Discounted Cash Flow Model</b></p>\n<p>Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2da633d931f51b493d897d9c87ecee5\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p>Now, this time I also present along with my estimates three possible scenarios:</p>\n<ul>\n <li><i>Base Case Scenario</i>: The above DCF model represents my base case scenario. In the base case scenario, I assume the drivers of growth to be: the iPhone segment (driven by 5G transition), the Services segment (driven by a broader customer base), and the new powered M1 Macs segment. Under this scenario, I assume a Y1 growth rate of 12%, a CAGR Y2-Y5 of 7.1%, and a target operating margin in Y10 of 27%. The DCF fair value under this scenario is $105.68/share.</li>\n <li><i>Best Case Scenario</i>: The business is booming! In the best-case scenario, I see again as the main drivers the one which I described for the base case scenario, however, in addition, I see a greater market penetration in China. Over the last 5 years, we can observe a falling pattern for sales in China, however, this year sales jumped 39.7% (with the iPhone segment rising substantially). Under this scenario, I assume a Y1 growth rate of 14%, a CAGR Y2-Y5 of 9.1%, and a target operating margin in Y10 of 30%. The DCF fair value under this scenario is $130.32/share.</li>\n <li><i>Worst Case Scenario</i>: Well, this is a scenario that I would like to call like \"mature company scenario\". Under this scenario I see Apple growing a little above the growth rate of the economy and for this reason, I assume a Y1 growth rate of 10%, a CAGR Y2-Y5 of 3.1%, and a target operating margin in Y10 of 25%. The DCF fair value under this scenario is $81.03/share.</li>\n</ul>\n<p>Finally, for each scenario, I see Apple entering into the health care market with its Apple Watch. As you can imagine, I assign a different likelihood of market penetration in each of these scenarios.</p>\n<p><b>Sensitivity Analysis</b></p>\n<p>Moreover, I also would like to provide the sensitivity analysis for the base case scenario.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95f00eba768526d07d68fd846ecf998d\" tg-width=\"640\" tg-height=\"462\" referrerpolicy=\"no-referrer\"><span>Source:Author's estimates using data from the latest 10-K report</span></p>\n<p><b>Technical Analysis</b></p>\n<p>From the technical analysis point of view, I don't see any problem yet. The stock price is in a bullish mode, currently within an ascending triangle pattern. As of right now, the stock price is following its pattern and it is heading to the price target of $137/share or point D, where it is likely to bounce and head back to point E. If this scenario happens, point E is usually the point where stock price bounces once again and from that point, the stock goes higher (it is just a technical analysis assumption, take it as is).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ecf3e5f45dcb5e30b092c02bbf94d6f9\" tg-width=\"640\" tg-height=\"317\" referrerpolicy=\"no-referrer\"><span>Source:TradingView.com</span></p>\n<p><b>Final Thoughts</b></p>\n<p>Apple is a mature company that is able to see a problem and solve it years ahead. By looking at the fair value, computed under the base case scenario, we can argue that the stock is currently overvalued but not by that much. For what concern risks, the difference between the best-case and the worst-case scenario can be used as a proxy of risk. Taking this into consideration I don't see big reasoning to panic, however, it is also true that I see an upcoming correction for the market. Many indicators, technical and fundamental, are suggesting to me that the market is too heavy right now (even if the S&amp;P500 may go higher, perhaps in the 4400 area). To conclude, I don't think to close out my whole Apple position, however, I will close out 60% of it once it reaches my price target.</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>Apple: Winter Is Coming</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: Winter Is Coming\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435760-apple-stock-aapl-winter-is-coming><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.\nI initiate Apple with a Neutral rating and a fair value of $111.42/...</p>\n\n<a href=\"https://seekingalpha.com/article/4435760-apple-stock-aapl-winter-is-coming\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4435760-apple-stock-aapl-winter-is-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175906479","content_text":"Summary\n\nApple's stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period.\nI initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share).\nFrom the technical analysis point of view, the stock price is following its ascending triangle pattern and it is heading to the price target of $137/share.\n\nMichael M. Santiago/Getty Images NewsCompany Overview\nApple Inc (AAPL) stock has rallied 449% in the last five years, outperforming the 102% rise in the S&P 500 over the same period. An outstanding return supported by underlying fundamentals. In particular, I would like to start the analysis with the latter.\nOver the last two decades, the dominant driver of Apple's success has been the iPhone. In 2016, iPhones accounted for 63% of total sales. This was a problem for Apple, and they knew it. The problem existed due to two main factors: first, the smartphone business was mature (with low growth rates); second, it was (and it is) a highly competitive business. However, Apple had something other competitors didn't have, a big iPhone owner base (which allows to sell more services for instance). Through the years Apple has been able to effectively diversify its revenue stream and it currently presents the structure represented below.\nSource:Author's estimates using data from the latest 10-K report\nLet's now take a look at each of these segments:\n1. iPhone\nFrom 2016 to 2020, the iPhone segment grew at a CAGR of 0.20% and it changed from representing 63.4% (2016) of total sales to 51% (\"TTM\"). I present below the growth rate for the iPhone segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest10-K report\nSo far this year the iPhone segment is showing a growth rate of 18.5% TTM, fueled by the new family of iPhone12 with 5G capabilities, and with interesting data coming from China. I believe that the transition to 5G will be the main driver of the growth in this segment. In this manner, I would like to report a piece of the transcript from theQ2 earnings call.\n\nIn the enterprise market, customers across many industries are accelerating their adoption of iPhone 12 and 5G as a key platform for the future of their business. Delta Airlines, for example, is putting iPhone 12 and 5G connectivity into the hands of flight attendants so they can provide the best passenger service possible as air travel rebounds.Openreach in the U.K. has started equipping tens of thousands of field engineers with iPhone 12 to speed up their deployment of broadband services to homes around the country. And UCHealth, a large health care provider in Colorado, was able to reduce per patient vaccination time from 3 minutes to only 30 seconds largely by moving from PC stations to iPhones. This has allowed their staff to rapidly scan and register new patients and vastly increase their daily vaccination capacity.\n\n2. iPad\nAs it was in the past, the iPad segment is more or less a constant number as a % of total sales, 9.6% in 2016 vs 9.1% TTM. From 2016 to 2020, the iPad segment grew at a CAGR of 3.56% (with an improving overall trend). I present below the growth rate for the iPad segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nThe TTM numbers show us an interesting picture with a growth rate of 24.9% TTM for the iPad segment which are driven by 3 factors: the M1 chip, the new 5G capabilities, and the fact that we were all at home. I see a lot of ways in which this new generation of iPads can be implemented. However, I also have to admit that there is a big player swimming in the same sea, the new 2-1 Laptops. The new 2-1 Laptops are a very interesting solution for those looking to have the best of the two worlds. In this last view, the iPad segment may represent a lower % of total sales, around 7.8% (vs current 9.1%).\n3. Mac\nFrom 2016 to 2020, the Mac segment grew at a CAGR of 5.81%, and also here, as it is for the iPad segment, the Mac segment represents a more or less constant number as % of total sales 10.6% in 2016 vs 10.4% TTM. I present below the growth rate for the Mac segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nThe generation of new Macs powered by the M1 chip seems to be appreciated by the customers, in fact, the Mac segment presents a growth rate of 18.4% TTM so far this year. I personally tried this new generation of Macs and I have to admit, Apple knows very well how to delight its customers. Personal PCs are a highly competitive market and, even if I like and I use Apple products, I prefer to work with a Lenovo.\n4. Wearables, Home, and Accessories (WH&A)\nThe Wearables, Home, and Accessories segment includes sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, etc. This is where it gets interesting. From 2016 to 2020, the WH&A segment grew at a CAGR of 28.78%, and it changed from representing only 5.2% of total sales in 2016 to represent 10.8% TTM. I present below the growth rate for the WH&A segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nThe WH&A segment is showing a growth rate of 14.7% TTM driven by a strong performance from both Apple Watch Series 6 and Apple Watch SE. Apple Watch may have a very bright future in the years ahead, driven by Apple entering into the healthcare market. In fact, it can be used to monitor the health status of the person. Imagine you being close to having a heart attack, your Apple Watch may call an ambulance and save your life, not bad no? Finally, let's don't forget also the launch of Apple TV 4K and of the newest accessory, AirTag (I don't see a market for the latter, but I may be wrong).\n5. Services\nServices include sales from the Company’s advertising, AppleCare, digital content, and other services. From 2016 to 2020, the Services segment grew at a CAGR of 21.9% and it changed from representing 11.3% of total sales in 2016 to represent 18.6% TTM. I present below the growth rate for the Services segment over the last 5 years (2016-TTM).\nSource:Author's estimates using data from the latest 10-K report\nTo date, the Services segment is showing a growth rate of 12.3% TTM. The growth is driven by App Store, Cloud Services, Music, Advertising, and Payment Services. The new services, Apple TV+, Apple Arcade, Apple News+, and Apple Card, are also starting to contribute to overall services growth, and continue to add users, content, and features. I believe that in the future, the Services segment will be the company's dominant segment. Below I present an interesting part I extrapolated from theQ4 earnings call.\n\nFirst, our installed base continues to grow and is at an all-time high across each major product category. Second, the number of both transacting and paid accounts on our digital content stores reached a new all-time high during the September quarter, with paid accounts increasing double digits in each of our geographic segments.Third, paid subscriptions grew more than 35 million sequentially, and we now have over 585 million paid subscriptions across the services on our platform, up 135 million from just a year ago. With this momentum, we are very confident to reach and exceed our increased target of 600 million paid subscriptions before the end of calendar 2020.\n\nCompany Analysis\nI initiate Apple with a Neutral rating and a fair value of $111.42/share (vs. the current price of $131.7/share). The fair value is an algorithm-adjusted value that accounts for different factors, fundamental and technical (e.g. DCF fair value, Momentum, etc.), and so it takes into consideration the Mr. Market mood. At the same time, the fair value which I obtained through the DCF model is equal to $105.68/share. Now before showing the results, the numbers used as the base are the trailing twelve-month numbers. Moreover, I also restated the financials since I capitalized on R&D expenses with an amortizable life of 3 years. I don't believe that in the case of Apple, R&D is an operating expense and for this reason, I treat it as CapEx. By taking into account the R&D, the following metrics have been restated (all numbers in $mm).\nSource:Author's estimates using data from the latest 10-K report\nIt is very important to capitalize on R&D expense, if we don't, we are just keeping the company's biggest asset off-balance sheet.\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\nSource:Author's estimates using data from the latest 10-K report\nNow, this time I also present along with my estimates three possible scenarios:\n\nBase Case Scenario: The above DCF model represents my base case scenario. In the base case scenario, I assume the drivers of growth to be: the iPhone segment (driven by 5G transition), the Services segment (driven by a broader customer base), and the new powered M1 Macs segment. Under this scenario, I assume a Y1 growth rate of 12%, a CAGR Y2-Y5 of 7.1%, and a target operating margin in Y10 of 27%. The DCF fair value under this scenario is $105.68/share.\nBest Case Scenario: The business is booming! In the best-case scenario, I see again as the main drivers the one which I described for the base case scenario, however, in addition, I see a greater market penetration in China. Over the last 5 years, we can observe a falling pattern for sales in China, however, this year sales jumped 39.7% (with the iPhone segment rising substantially). Under this scenario, I assume a Y1 growth rate of 14%, a CAGR Y2-Y5 of 9.1%, and a target operating margin in Y10 of 30%. The DCF fair value under this scenario is $130.32/share.\nWorst Case Scenario: Well, this is a scenario that I would like to call like \"mature company scenario\". Under this scenario I see Apple growing a little above the growth rate of the economy and for this reason, I assume a Y1 growth rate of 10%, a CAGR Y2-Y5 of 3.1%, and a target operating margin in Y10 of 25%. The DCF fair value under this scenario is $81.03/share.\n\nFinally, for each scenario, I see Apple entering into the health care market with its Apple Watch. As you can imagine, I assign a different likelihood of market penetration in each of these scenarios.\nSensitivity Analysis\nMoreover, I also would like to provide the sensitivity analysis for the base case scenario.\nSource:Author's estimates using data from the latest 10-K report\nTechnical Analysis\nFrom the technical analysis point of view, I don't see any problem yet. The stock price is in a bullish mode, currently within an ascending triangle pattern. As of right now, the stock price is following its pattern and it is heading to the price target of $137/share or point D, where it is likely to bounce and head back to point E. If this scenario happens, point E is usually the point where stock price bounces once again and from that point, the stock goes higher (it is just a technical analysis assumption, take it as is).\nSource:TradingView.com\nFinal Thoughts\nApple is a mature company that is able to see a problem and solve it years ahead. By looking at the fair value, computed under the base case scenario, we can argue that the stock is currently overvalued but not by that much. For what concern risks, the difference between the best-case and the worst-case scenario can be used as a proxy of risk. Taking this into consideration I don't see big reasoning to panic, however, it is also true that I see an upcoming correction for the market. Many indicators, technical and fundamental, are suggesting to me that the market is too heavy right now (even if the S&P500 may go higher, perhaps in the 4400 area). To conclude, I don't think to close out my whole Apple position, however, I will close out 60% of it once it reaches my price target.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167356785,"gmtCreate":1624248990347,"gmtModify":1703831545859,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Anyone here invest in these companies?","listText":"Anyone here invest in these companies?","text":"Anyone here invest in these companies?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167356785","repostId":"1154249454","repostType":4,"repost":{"id":"1154249454","pubTimestamp":1624230573,"share":"https://ttm.financial/m/news/1154249454?lang=&edition=fundamental","pubTime":"2021-06-21 07:09","market":"us","language":"en","title":"Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1154249454","media":"barrons","summary":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r","content":"<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from&nbsp;Johnson &amp;&nbsp;Johnson,&nbsp;GlaxoSmithKline,and&nbsp;Equinix.</p>\n<p>Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.</p>\n<p>And on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.</p>\n<p>Monday 6/21</p>\n<p><b>The Federal Reserve Bank</b>of Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.</p>\n<p>Tuesday 6/22</p>\n<p><b>The National Association</b>of Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.</p>\n<p>Wednesday 6/23</p>\n<p>Equinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.</p>\n<p>GlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.</p>\n<p>Johnson &amp; Johnson hosts a webcast to discuss its ESG strategy.</p>\n<p><b>The Census Bureau</b>reports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.</p>\n<p><b>IHS Markitreports</b>both its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.</p>\n<p>Thursday 6/24</p>\n<p><b>The Bureau of Economic Analysis</b>reports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.</p>\n<p>Accenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.</p>\n<p><b>The Bank of England</b>announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.</p>\n<p><b>The Census Bureau</b>releases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.</p>\n<p>Friday 6/25</p>\n<p>CarMax and Paychex report earnings.</p>\n<p><b>The BEA reports</b>personal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week</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\">\nNike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. ...</p>\n\n<a href=\"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDX":"联邦快递","JNJ":"强生","NKE":"耐克","DRI":"达登饭店"},"source_url":"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154249454","content_text":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.\nEconomic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.\nAnd on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.\nMonday 6/21\nThe Federal Reserve Bankof Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.\nTuesday 6/22\nThe National Associationof Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.\nWednesday 6/23\nEquinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.\nGlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.\nJohnson & Johnson hosts a webcast to discuss its ESG strategy.\nThe Census Bureaureports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.\nIHS Markitreportsboth its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.\nThursday 6/24\nThe Bureau of Economic Analysisreports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.\nAccenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.\nThe Bank of Englandannounces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.\nThe Census Bureaureleases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.\nFriday 6/25\nCarMax and Paychex report earnings.\nThe BEA reportspersonal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168723823,"gmtCreate":1623984405462,"gmtModify":1703825555173,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"NVIDIA will be having a stock split.&nbsp;","listText":"NVIDIA will be having a stock split.&nbsp;","text":"NVIDIA will be having a stock split.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168723823","repostId":"1197160756","repostType":4,"repost":{"id":"1197160756","pubTimestamp":1623980251,"share":"https://ttm.financial/m/news/1197160756?lang=&edition=fundamental","pubTime":"2021-06-18 09:37","market":"us","language":"en","title":"1 Big Reason to Dump AMD and Buy NVIDIA","url":"https://stock-news.laohu8.com/highlight/detail?id=1197160756","media":"Motley Fool","summary":"The graphics specialist enjoys a huge advantage over its smaller rival in an important market.","content":"<p><b>NVIDIA</b>&nbsp;(NASDAQ:NVDA)&nbsp;has been ruling the roost in the discrete graphics processing unit (GPU) market, despite the best efforts of&nbsp;<b>Advanced Micro Devices</b>(NASDAQ:AMD)&nbsp;to gain share in this highly lucrative space. And NVIDIA is showing no signs of losing its grip over the graphics card market, according to the latest market share numbers provided&nbsp;by Jon Peddie Research.</p>\n<p>Let's see why that bodes well for NVIDIA, and makes it a better bet than arch-rival AMD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94007897775e469423cc8a3d1e55440d\" tg-width=\"700\" tg-height=\"393\"><span>IMAGE SOURCE: GETTY IMAGES</span></p>\n<p><b>NVIDIA stamps its authority on graphics cards once again</b></p>\n<p>NVIDIA&nbsp;finished 2020 with&nbsp;82% of the discrete graphics card market under its control, while AMD held the rest. The company's impressive momentum has spilled over into 2021, as it occupied 81% of the market in Q1. That was a nice increase&nbsp;over the year-ago period's market share of 75%.</p>\n<p>AMD, on the other hand, lost market share for yet another quarter. The company has been&nbsp;losing ground&nbsp;to NVIDIA since the latter launched the&nbsp;RTX 30 series cards&nbsp;toward the end of 2020. AMD was in resurgent mode prior to the arrival of the RTX 30 series cards -- its Navi GPUs were&nbsp;making a nice dent&nbsp;in NVIDIA's graphics card supremacy a year ago. But that isn't the case anymore.</p>\n<p><b>NVIDIA stamps its authority on graphics cards once again</b></p>\n<p>NVIDIAfinished 2020 with82% of the discrete graphics card market under its control, while AMD held the rest. The company's impressive momentum has spilled over into 2021, as it occupied 81% of the market in Q1. That was a nice increase&nbsp;over the year-ago period's market share of 75%.</p>\n<p>AMD, on the other hand, lost market share for yet another quarter. The company has been&nbsp;losing ground&nbsp;to NVIDIA since the latter launched theRTX 30 series cardstoward the end of 2020. AMD was in resurgent mode prior to the arrival of the RTX 30 series cards -- its Navi GPUs weremaking a nice dentin NVIDIA's graphics card supremacy a year ago. But that isn't the case anymore.</p>\n<p>Jon Peddie Research estimates that discrete GPU shipments shot up 24.4% year-over-year. The market generated $12.5 billion in revenue in Q1, a 370% spike over the prior-year period, thanks to a&nbsp;jump in the average selling prices&nbsp;(ASPs) triggered by huge demand and short supply. NVIDIA's massive market share means that it has won big from this spike, which is reflected in its Q1 performance.</p>\n<p>NVIDIA's gaming revenue more than doubled&nbsp;year-over-year in the first quarter of fiscal 2022 to $2.76 billion. AMD's computing and graphics segment, which also includes the sales of its Ryzen desktop and notebook processors, grew at a relatively slower pace of 46% year-over-year to $2.1 billion in Q1.</p>\n<p>Jon Peddie Research estimates that the discrete GPU market could be worth $54 billion by 2025, compared to $23.6 billion last year. NVIDIA's dominant position should allow it to corner a substantial portion of that pie in the future, especially considering its moves to strengthen its position.</p>\n<p><b>AMD's resistance may not be enough</b></p>\n<p>AMD has been trying to put up a fight against NVIDIA, and it did show some progress last quarter, registering a quarter-over-quarter market share gain of one percentage point. However, AMD is now looking to raise its game with a new technology, the FidelityFX Super Resolution (FSR). This will compete with NVIDIA's deep learning super sampling (DLSS) image upscaling technology, which helps games look better and run smoother.</p>\n<p>AMD's internal tests claim that its new tech can help games run at 59% higher frame rates on ultra-quality settings. The chipmaker also claims that FSR could increase gaming performance by 2.5 times in certain titles using the performance setting. In addition, AMD says that FSR supports a wide range of hardware that includes more than 100 processors and graphics cards thanks to its open-source nature.</p>\n<p>FSR will launch on June 22, and it could give AMD a nice boost in the GPU market. However, only time will tell if the new technology will translate into sales for AMD, given that its rival's DLSS tech is already in its second&nbsp;generation.</p>\n<p>However, it is worth noting that NVIDIA is trying to cover as much of the GPU market as possible with new launches. The company recently released the RTX 3080 Ti and the RTX 3070 Ti GPUs, priced at $1,199 and $599, respectively. NVIDIA is giving users of older graphics cards a solid reason to upgrade with these cards. It claims that the RTX 3080 Ti is twice as fast as the older GTX 1080 Ti, while the RTX 3070 Ti delivers 1.5x the performance of the RTX 2070 Super.</p>\n<p>NVIDIA is also&nbsp;stepping up its game&nbsp;in the laptop market with the launch of entry-level graphics cards. The company now offers more than 140 laptop models powered by the RTX 30 cards across a wide range of prices. This puts NVIDIA in a solid position in the fast-growing gaming laptop market, which is expected to hit $15.6 billion in revenue by 2027, compared to $9 billion in 2019.</p>\n<p>All of this indicates that NVIDIA's gaming business could sustain its terrific levels of growth for a long time to come, especially considering that a huge chunk of gamers have&nbsp;yet to upgrade&nbsp;to its latest cards.</p>\n<p>Meanwhile, the growth of AMD's gaming business is nowhere close to NVIDIA's, and the situation is unlikely to change given the latter's supremacy in this space. That's why investors looking to take advantage of the booming market for discrete graphics cards and add a&nbsp;top growth stock&nbsp;to their portfolios should choose NVIDIA. Gaming is its largest source of revenue, and this business could stay red-hot for a long time.</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>1 Big Reason to Dump AMD and Buy NVIDIA</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\">\n1 Big Reason to Dump AMD and Buy NVIDIA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/17/1-big-reason-to-dump-amd-and-buy-nvidia/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NVIDIA (NASDAQ:NVDA) has been ruling the roost in the discrete graphics processing unit (GPU) market, despite the best efforts of Advanced Micro Devices(NASDAQ:AMD) to gain share in this highly ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/17/1-big-reason-to-dump-amd-and-buy-nvidia/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/06/17/1-big-reason-to-dump-amd-and-buy-nvidia/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197160756","content_text":"NVIDIA (NASDAQ:NVDA) has been ruling the roost in the discrete graphics processing unit (GPU) market, despite the best efforts of Advanced Micro Devices(NASDAQ:AMD) to gain share in this highly lucrative space. And NVIDIA is showing no signs of losing its grip over the graphics card market, according to the latest market share numbers provided by Jon Peddie Research.\nLet's see why that bodes well for NVIDIA, and makes it a better bet than arch-rival AMD.\nIMAGE SOURCE: GETTY IMAGES\nNVIDIA stamps its authority on graphics cards once again\nNVIDIA finished 2020 with 82% of the discrete graphics card market under its control, while AMD held the rest. The company's impressive momentum has spilled over into 2021, as it occupied 81% of the market in Q1. That was a nice increase over the year-ago period's market share of 75%.\nAMD, on the other hand, lost market share for yet another quarter. The company has been losing ground to NVIDIA since the latter launched the RTX 30 series cards toward the end of 2020. AMD was in resurgent mode prior to the arrival of the RTX 30 series cards -- its Navi GPUs were making a nice dent in NVIDIA's graphics card supremacy a year ago. But that isn't the case anymore.\nNVIDIA stamps its authority on graphics cards once again\nNVIDIAfinished 2020 with82% of the discrete graphics card market under its control, while AMD held the rest. The company's impressive momentum has spilled over into 2021, as it occupied 81% of the market in Q1. That was a nice increase over the year-ago period's market share of 75%.\nAMD, on the other hand, lost market share for yet another quarter. The company has been losing ground to NVIDIA since the latter launched theRTX 30 series cardstoward the end of 2020. AMD was in resurgent mode prior to the arrival of the RTX 30 series cards -- its Navi GPUs weremaking a nice dentin NVIDIA's graphics card supremacy a year ago. But that isn't the case anymore.\nJon Peddie Research estimates that discrete GPU shipments shot up 24.4% year-over-year. The market generated $12.5 billion in revenue in Q1, a 370% spike over the prior-year period, thanks to a jump in the average selling prices (ASPs) triggered by huge demand and short supply. NVIDIA's massive market share means that it has won big from this spike, which is reflected in its Q1 performance.\nNVIDIA's gaming revenue more than doubled year-over-year in the first quarter of fiscal 2022 to $2.76 billion. AMD's computing and graphics segment, which also includes the sales of its Ryzen desktop and notebook processors, grew at a relatively slower pace of 46% year-over-year to $2.1 billion in Q1.\nJon Peddie Research estimates that the discrete GPU market could be worth $54 billion by 2025, compared to $23.6 billion last year. NVIDIA's dominant position should allow it to corner a substantial portion of that pie in the future, especially considering its moves to strengthen its position.\nAMD's resistance may not be enough\nAMD has been trying to put up a fight against NVIDIA, and it did show some progress last quarter, registering a quarter-over-quarter market share gain of one percentage point. However, AMD is now looking to raise its game with a new technology, the FidelityFX Super Resolution (FSR). This will compete with NVIDIA's deep learning super sampling (DLSS) image upscaling technology, which helps games look better and run smoother.\nAMD's internal tests claim that its new tech can help games run at 59% higher frame rates on ultra-quality settings. The chipmaker also claims that FSR could increase gaming performance by 2.5 times in certain titles using the performance setting. In addition, AMD says that FSR supports a wide range of hardware that includes more than 100 processors and graphics cards thanks to its open-source nature.\nFSR will launch on June 22, and it could give AMD a nice boost in the GPU market. However, only time will tell if the new technology will translate into sales for AMD, given that its rival's DLSS tech is already in its second generation.\nHowever, it is worth noting that NVIDIA is trying to cover as much of the GPU market as possible with new launches. The company recently released the RTX 3080 Ti and the RTX 3070 Ti GPUs, priced at $1,199 and $599, respectively. NVIDIA is giving users of older graphics cards a solid reason to upgrade with these cards. It claims that the RTX 3080 Ti is twice as fast as the older GTX 1080 Ti, while the RTX 3070 Ti delivers 1.5x the performance of the RTX 2070 Super.\nNVIDIA is also stepping up its game in the laptop market with the launch of entry-level graphics cards. The company now offers more than 140 laptop models powered by the RTX 30 cards across a wide range of prices. This puts NVIDIA in a solid position in the fast-growing gaming laptop market, which is expected to hit $15.6 billion in revenue by 2027, compared to $9 billion in 2019.\nAll of this indicates that NVIDIA's gaming business could sustain its terrific levels of growth for a long time to come, especially considering that a huge chunk of gamers have yet to upgrade to its latest cards.\nMeanwhile, the growth of AMD's gaming business is nowhere close to NVIDIA's, and the situation is unlikely to change given the latter's supremacy in this space. That's why investors looking to take advantage of the booming market for discrete graphics cards and add a top growth stock to their portfolios should choose NVIDIA. Gaming is its largest source of revenue, and this business could stay red-hot for a long time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169501418,"gmtCreate":1623841132434,"gmtModify":1703821037154,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"themes":[],"htmlText":"Who is using Apple podcasts now?","listText":"Who is using Apple podcasts now?","text":"Who is using Apple podcasts now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/169501418","repostId":"2143798400","repostType":4,"repost":{"id":"2143798400","pubTimestamp":1623834996,"share":"https://ttm.financial/m/news/2143798400?lang=&edition=fundamental","pubTime":"2021-06-16 17:16","market":"us","language":"en","title":"Apple Rolls Out Podcast Subscription Service Worldwide","url":"https://stock-news.laohu8.com/highlight/detail?id=2143798400","media":"SmarterAnalyst","summary":"Apple (AAPL) has rolled out a new marketplace for premium podcast subscriptions. Apple Podcasts Subs","content":"<p>Apple (<b>AAPL</b>) has rolled out a new marketplace for premium podcast subscriptions. Apple Podcasts Subscriptions is the new offering that will allow people in more than 170 regions and countries to purchase subscriptions for their favorite individual shows and groups of shows through channels.</p>\n<p>Apple is a technology company leading the world of innovation through its iPhone, iPad, Mac, and Apple Watch products. It also operates some of the biggest software platforms led by iOS, macOS, and tvOS.</p>\n<p>Apple Podcasts Subscriptions will allow listeners to discover thousands of subscriptions and channels featuring brand new shows. Some of the genres that podcast lovers can sign-up to include news, comedy, sports, and true crime. Additionally, it will allow subscribers to unlock additional benefits, including ad-free listening and access to new episodes and bonus material. (See Apple stock analysis on TipRanks).</p>\n<p>The new service will also offer access to independent voices such as Adriana Lozada, Sarah Stewart Holland, Glynn Washington, and Beth Silvers, among others. Listeners can also subscribe to podcasts from leading media and entertainment outlets, including CNN, NPR, the Washington Post, and Sony Music Entertainment.</p>\n<p>According to the <a href=\"https://laohu8.com/S/VP..UK\">VP</a> of Apple Music and Beats, Oliver Schusser, \"Listeners can’t get enough of their favourite podcasts and want a simple way to support the extraordinary creators who make them possible.\"</p>\n<p>He added, \"Now, listeners can enjoy new content and additional benefits for thousands of new and popular podcasts, alongside millions of free shows, with more arriving every week.”</p>\n<p>Apple expects the new service to also benefit content creators by allowing them to grow their businesses while making podcasting a source of information, entertainment, and connections.</p>\n<p>Creators will set pricing for each podcast, with listeners being allowed to manage their subscriptions. Additionally, each podcast subscription can be shared among six family members.</p>\n<p>Argus Research analyst Jim Kelleher recently reiterated a Buy rating on the stock with a $165 price target, implying 27.3% upside potential to current levels. While the stock has underperformed in 2021 after more than a decade of outperformance, the analyst believes this is down to sector rotation rather than misfiring from the leadership.</p>\n<p>Consensus among analysts is a Moderate Buy based on 21 Buys, 4 Holds, and 2 Sells. The Apple average analyst price target of $159.48 implies 23% upside potential to current levels.</p>\n<p>AAPL scores a \"Perfect 10\" on TipRanks' Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.</p>\n<p><img src=\"https://static.tigerbbs.com/3712c8dcdae33f970a59e3e3f64df4e3\" tg-width=\"829\" tg-height=\"296\" referrerpolicy=\"no-referrer\"></p>","source":"yahoofinance","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 Rolls Out Podcast Subscription Service Worldwide</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 Rolls Out Podcast Subscription Service Worldwide\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 17:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-rolls-podcast-subscription-worldwide-091636347.html><strong>SmarterAnalyst</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (AAPL) has rolled out a new marketplace for premium podcast subscriptions. Apple Podcasts Subscriptions is the new offering that will allow people in more than 170 regions and countries to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-rolls-podcast-subscription-worldwide-091636347.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","09086":"华夏纳指-U","AAPL":"苹果","SCI":"Service Corp International"},"source_url":"https://finance.yahoo.com/news/apple-rolls-podcast-subscription-worldwide-091636347.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2143798400","content_text":"Apple (AAPL) has rolled out a new marketplace for premium podcast subscriptions. Apple Podcasts Subscriptions is the new offering that will allow people in more than 170 regions and countries to purchase subscriptions for their favorite individual shows and groups of shows through channels.\nApple is a technology company leading the world of innovation through its iPhone, iPad, Mac, and Apple Watch products. It also operates some of the biggest software platforms led by iOS, macOS, and tvOS.\nApple Podcasts Subscriptions will allow listeners to discover thousands of subscriptions and channels featuring brand new shows. Some of the genres that podcast lovers can sign-up to include news, comedy, sports, and true crime. Additionally, it will allow subscribers to unlock additional benefits, including ad-free listening and access to new episodes and bonus material. (See Apple stock analysis on TipRanks).\nThe new service will also offer access to independent voices such as Adriana Lozada, Sarah Stewart Holland, Glynn Washington, and Beth Silvers, among others. Listeners can also subscribe to podcasts from leading media and entertainment outlets, including CNN, NPR, the Washington Post, and Sony Music Entertainment.\nAccording to the VP of Apple Music and Beats, Oliver Schusser, \"Listeners can’t get enough of their favourite podcasts and want a simple way to support the extraordinary creators who make them possible.\"\nHe added, \"Now, listeners can enjoy new content and additional benefits for thousands of new and popular podcasts, alongside millions of free shows, with more arriving every week.”\nApple expects the new service to also benefit content creators by allowing them to grow their businesses while making podcasting a source of information, entertainment, and connections.\nCreators will set pricing for each podcast, with listeners being allowed to manage their subscriptions. Additionally, each podcast subscription can be shared among six family members.\nArgus Research analyst Jim Kelleher recently reiterated a Buy rating on the stock with a $165 price target, implying 27.3% upside potential to current levels. While the stock has underperformed in 2021 after more than a decade of outperformance, the analyst believes this is down to sector rotation rather than misfiring from the leadership.\nConsensus among analysts is a Moderate Buy based on 21 Buys, 4 Holds, and 2 Sells. The Apple average analyst price target of $159.48 implies 23% upside potential to current levels.\nAAPL scores a \"Perfect 10\" on TipRanks' Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}