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2023-12-13

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Tesla: Automaker Or Tech Company? My Take And My Investing Choice

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href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$&nbsp;</a>Best stock to hold&nbsp;","listText":"<a href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$&nbsp;</a>Best stock to hold&nbsp;","text":"$ASML Holding NV(ASML)$ Best stock to 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market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234298361405448","isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957624427,"gmtCreate":1677230475969,"gmtModify":1677230479744,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576550818064904","idStr":"3576550818064904"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957624427","repostId":"2313059413","repostType":4,"repost":{"id":"2313059413","kind":"news","pubTimestamp":1677226034,"share":"https://ttm.financial/m/news/2313059413?lang=&edition=fundamental","pubTime":"2023-02-24 16:07","market":"us","language":"en","title":"Tesla: Automaker Or Tech Company? My Take And My Investing Choice","url":"https://stock-news.laohu8.com/highlight/detail?id=2313059413","media":"Seeking Alpha","summary":"SummaryThe big dilemma about Tesla, Inc. lies in the answer to a question: is Tesla an automaker or ","content":"<html><head></head><body><h2>Summary</h2><ul><li>The big dilemma about Tesla, Inc. lies in the answer to a question: is Tesla an automaker or a tech company?</li><li>In this article, I would like to share how I have come to find the answer.</li><li>I will share my investing choice, talking about Tesla&#39;s current valuation and potential investing alternatives.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/43d9444e059df9e26126c6a2ea34e297\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>coffeekai</span></p><h2>Introduction</h2><p>Tesla, Inc. (NASDAQ:TSLA) is one of those stocks - and companies - very difficult to write about without being caught in the fight between fans and haters. This is why, though quite interested in the automotive industry, I have been hesitant to writeabout it. In truth, there has been a lot of buzz about electric vehicles (&#34;EVs&#34;), and I think it hard to deny Tesla was a stock that experienced a lot of hype, leading to extreme valuations. This has made me cautious about it, as I know buzz and hype can be exciting but can lead to rash investing decisions.</p><p>To be clear from the beginning of this article, I am no Tesla detractor. However, I am no Tesla investor, either. I do think Tesla is a great company, whose future is probably going to be quite bright. On the other hand, thereare a few things about the stock that rule it out of my portfolio where I actually own three other automakers.</p><p>In this article, I will share for the first time my view on Tesla, hoping to present my thesis as objectively as possible. At the same time, I would like to show why I am currently building up a position in what seems to me an underestimated competitor of Tesla.</p><h2>The big question about Tesla</h2><p>The first question I had to find an answer to assess Tesla was the following: what kind of company do I think Tesla is?</p><p>We generally find two answers that revolve around these two concepts:</p><ol><li>Tesla is a tech company</li><li>Tesla is an automaker.</li></ol><p>I know things can be more complex, but as far as my research goes I really think this is the crossroad where two different investing views and strategies diverge.</p><p>I find myself agreeing with the second answer: Tesla is an automaker. This is somewhat supported by what the company states in its 10-k.</p><blockquote>We design, develop, manufacture, sell and lease high-performance fully electric vehicles and energy generation and storage systems, and offer services related to our products. We generally sell our products directly to customers, and continue to grow our customer-facing infrastructure through a global network of vehicle service centers, Mobile Service, body shops, Supercharger stations and Destination Chargers to accelerate the widespread adoption of our products. We emphasize performance, attractive styling and the safety of our users and workforce in the design and manufacture of our products and are continuing to develop full self-driving technology for improved safety. We also strive to lower the cost of ownership for our customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to our products.</blockquote><p>To be fair, these words are not only about electric vehicles manufacturing, as Tesla also claims to be focusing on energy generation and storage systems as well as on developing full self-driving technology (&#34;FSD&#34;). However, I see these other activities as necessarily linked to the manufacturing one. Tesla is indeed disruptive, and it has been a true pioneer, but I see it as the one company that redesigns what all other automakers will need to become to survive and thrive.</p><p>Why do I think it important to answer this question? Simply put, it tells us what industry we think Tesla is a part of. This is quite important when we do a valuation of Tesla, as we need to look at the multiples of the industry.</p><p>Tesla&#39;s financials support this view, too. In fact, if we look at the income statement streams chart, we clearly see how auto sales have the lion&#39;s share of total revenues, with $67.2 billion out of the total $81.5 billion (82.5%). If we consider the auto segment as a whole, including leasing and regulatory credits, Tesla earns 87.7% of its total revenues through activities linked to electric vehicles.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27e4e531b8126431a0d311e3260e386c\" tg-width=\"1280\" tg-height=\"800\" referrerpolicy=\"no-referrer\"/><span>created by incomestatementguy on reddit.it</span></p><p>In addition, it seems like Elon Musk himself thinks about Tesla as a &#34;volume carmaker&#34; in the &#34;automotive market,&#34; words he used during the last earnings call.</p><h2>Tesla&#39;s financials</h2><p>It is hard not to like Tesla&#39;s financials, especially if we look at their unfolding through the past decade. We have a CAGR revenue growth of almost 45%, while gross profit grew at a CAGR of 46.5% and EBITDA saw a stunning 81.6% CAGR from 2013 to the end of 2022.</p><p>In recent years, the company has turned profitable, and since 2020 its net income has moved up from $721 million to $12.56 billion, which is a CAGR of 317.31%. This is what happens when a company finally reaches scale.</p><p>Its balance sheet is strong, with just $1 billion of long-term debt and more than $22 billion in cash and short-term investments.</p><p>Free cash flow (&#34;FCF&#34;) is also strong, with $4.2 billion generated at the end of 2022 vs. the -$32.5 million reported at the end of 2013. The only flaw is that Tesla paid $1.56 billion in stock-based compensation (&#34;SBC&#34;), which actually makes the real free cash flow available to investors just $1 billion. In fact, as of now SBC is added to net income to calculate the final FCF, but, in reality, it is an expense that should be moved down to financing activities and be accounted for as an expense. Therefore, we have to subtract the amount spent on SBC twice to offset the current accounting rule that sees it as an addition, and then to subtract the real expense from the previous amount.</p><p>However, on a positive note, Tesla seems to be reducing its SBC, since in 2021 it paid over $2.1 billion for this. But, still, the dilutive effect is sensible.</p><p>In terms of profitability, the company is best in class. Here I would like to show one of my favorite graphs Tesla shares with investors. We see that, while the average selling price (ASP) moves down and then stabilizes around $55,000, the operating margin goes steadily up, coming in at 17%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6750ec65a212dc9254efea6c82c89a41\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/><span>Tesla Q4 2022 Shareholder Deck</span></p><p>This is another way to prove how it was vital for Tesla to reach scale, as it has done in recent years. Now, every dollar of additional revenue is more valuable because of increasingly good operating efficiency.</p><p>Tesla reported 1.31 million cars sold in 2022 and expects to sell 1.8 million vehicles by the end of this fiscal year. Its plan was bold, targeting a 50% CAGR from 2020 to 2023. It is rather easy to think Tesla seems able to reach this goal.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c79730c77c37c3638501639b6d53d9ab\" tg-width=\"640\" tg-height=\"261\" referrerpolicy=\"no-referrer\"/><span>Tesla Q4 2022 Shareholder Deck</span></p><p>So, if everything is so bright, why am I not investing in Tesla?</p><h2>Why I am not a Tesla shareholder</h2><p>I have some perplexities about Tesla&#39;s expectations for the future, which inevitably impact my view of its valuation.</p><p>Before we move on, let me state once again that I am no Tesla bear, nor do I think the stock should be shorted, even though it may have indeed reached a recent peak. However, this is not my investing style, since I look for companies to hold for a decade or two.</p><p>Let me share what I am thinking about Tesla&#39;s upcoming years.</p><p>The first thing I wonder about is linked to what automotive segment the company wants to address. We saw how Mr. Musk considers Tesla a volume carmaker. But we don&#39;t know exactly what kind of volume carmaker Tesla wants to be. Does it aim at being an 8 million one, like Volkswagen (OTCPK:VWAGY), General Motors (GM) or Toyota (TM)? Does it aim at selling between 2 and 3 million vehicles per year, like Mercedes (OTCPK:MBGAF) or BMW (OTCPK:BMWYY) do? The answer to this question is quite important for a forecast.</p><p>Currently, Tesla manufactures four vehicles: the Model 3, Y, S and X. While Model 3 and Model Y have a base price for mass-market appeal, the other two don&#39;t. Still, both Model 3 and Model Y have a starting selling price between $40,000 and $60,000, which is not exactly the price range to address all consumers. The other two models have a starting selling price around $100,000.</p><p>Tesla has written more than once that it is committed to making its manufacturing process more efficient to bring down the average selling price. However, there are other automakers that are able to sell electric vehicles at more affordable prices. Tesla may start manufacturing subcompact vehicles, but this would benefit mostly volumes over margins, as that segment is highly competitive and many automakers are already or will soon be producing electric cars for this market.</p><p>The other option is that Tesla turns into a premium volume automaker. This will make it compete with brands such as Mercedes, BMW, Audi, Lexus and others. While this is a higher margin segment, volumes are a bit lower, with Mercedes and BMW selling about 2 million vehicles per year. Tesla may do a bit more, but I don&#39;t see it grabbing away from brands with such a strength all their market share.</p><p>In fact, Mercedes&#39; electric car portfolio seems to be already richer than Tesla&#39;s.</p><p>In other words, I have a hard time thinking Tesla will be able to grow significantly among premium brands without finding hard competition with well-established and highly-appreciated brands.</p><p>On the other hand, Tesla has the advantage in that it doesn&#39;t have to cannibalize its old models, while all other OEMs do. However, while we are seeing the same thing happening with Netflix (NFLX) and its other streaming competitors, where the latter have to cannibalize their profitable cable business to build up their own streaming platform, in the case of automakers, the shift toward EVs is actually generating higher profitability.</p><h2>My take: The issue with Tesla&#39;s valuation and what already I own instead of it</h2><p>It may not sound that original saying that what keeps me from investing in Tesla is its sky-high valuation. But let&#39;s recall that oftentimes the easiest and most renowned investing principles are forgotten when buzz and hype take place. For sure, Tesla is exciting and this is why we should double down and caution.</p><p>On my side, I don&#39;t immediately run away from a stock because I see a high P/E or a high P/FCF multiple. For example, staying within the automotive industry, I own Ferrari (RACE). I would never compare Ferrari to Tesla. They are too different. But it is just an example to show how I am willing to pay a higher price when I think it is worth it.</p><p>However, the big difference I see between Ferrari and Tesla is that Ferrari&#39;s future results are much more predictable than Tesla&#39;s. Still, a jewel like Ferrari trades a lower multiples compared to Tesla: Ferrari trades at a 39 fwd P/E vs. Tesla&#39;s 58, its fwd EV/EBITDA is 21.4 vs. Tesla&#39;s 31, its P/FCF is 37.3 vs. Tesla&#39;s 44.8. And this happens while Ferrari&#39;s profitability metrics are better than Tesla&#39;s: 24% EBIT margin vs. 16.8%; net income margin at 18.4% for Ferrari while for Tesla it is at 15.4%, return on equity of 40.6% for Ferrari and at 32.5% for Tesla.</p><p>Coming down to a more realistic comparison, so that we don&#39;t risk to mix apples with oranges, let&#39;s look at Mercedes and compare it to Tesla (in bold is the better result between the two):</p><p><img src=\"https://static.tigerbbs.com/419bc889efd58b6e8e2d7b158e5d56b1\" tg-width=\"407\" tg-height=\"332\" referrerpolicy=\"no-referrer\"/></p><p>Tesla is the winner, but Mercedes is not very far behind, especially as we move down the income statement. Now, let&#39;s see how the market prices Tesla&#39;s leading position compared to Mercedes:</p><p><img src=\"https://static.tigerbbs.com/8e9e9e951f1e5f0e7649a9c1478da748\" tg-width=\"378\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/></p><p>To me, the difference is too wide, especially if we consider Mercedes&#39; high-quality strategy that is effectively managing to increase the company&#39;s profitability.</p><p>This is why I actually own Mercedes as my favorite pick among premium luxury automakers.</p><p>My third pick - even though, as I have tried to explain, I think we are once again at risk of comparing chalk and cheese - is Stellantis N.V. (STLA). If we look at automakers that produce affordable vehicles truly addressed to customers without deep pockets, then I think the Stellantis bull case almost speaks for itself as soon as we look at its financials and at its multiples. We are talking about a double-digit margin automaker, with incredibly skilled management, lots of tailwinds going for it (i.e., synergies), low geopolitical risk, etc. trading at unreasonable multiples of a 3 fwd P/E, a 1.2 fwd (EV/EBITDA) and a 2.3 P/FCF. I am not kidding. The company trades as if it were to go bankrupt tomorrow, while it is swimming in cash.</p><p>Let me share my discounted cash flow (&#34;DCF&#34;) model on Tesla, just to check if my thesis may be supported by future cash flow. Even projecting a 5 year free cash flow (&#34;FCF&#34;) growth rate of 45% and then assuming a 9% perpetual growth rate (very generous assumptions), I still find TSLA stock should not trade over $150.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c07f13a52a88af371a1b262a496e9e32\" tg-width=\"640\" tg-height=\"205\" referrerpolicy=\"no-referrer\"/><span>Author, with data from SA and own future forecast</span></p><p>As I said, it is not my investing style to short a stock or make short-term trades. I am in for the long term. But I think Tesla, Inc.&#39;s stock got a bit ahead of itself, especially given the fact that it has reached such volumes that will make it harder for the company to keep on growing at the fast pace investors are expecting. Many investors have for sure gained a lot of money with Tesla stock, while many other have lost a ton of it. As for me, I keep on studying Tesla, Inc. as an investor interested in the industry, but I don&#39;t see TSLA stock as appealing as other opportunities. This is why I rate Tesla, Inc. as a hold.</p><p><i>This article is written by Luca Socci for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Automaker Or Tech Company? My Take And My Investing Choice</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: Automaker Or Tech Company? My Take And My Investing Choice\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-24 16:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4580350-tesla-automaker-or-tech-company-my-take-and-my-investing-choice><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe big dilemma about Tesla, Inc. lies in the answer to a question: is Tesla an automaker or a tech company?In this article, I would like to share how I have come to find the answer.I will ...</p>\n\n<a href=\"https://seekingalpha.com/article/4580350-tesla-automaker-or-tech-company-my-take-and-my-investing-choice\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4550":"红杉资本持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4581":"高盛持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","TSLA":"特斯拉","BK4099":"汽车制造商","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4511":"特斯拉概念","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4548":"巴美列捷福持仓","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4534":"瑞士信贷持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2063271972.USD":"富兰克林创新领域基金","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4588":"碎股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4580350-tesla-automaker-or-tech-company-my-take-and-my-investing-choice","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2313059413","content_text":"SummaryThe big dilemma about Tesla, Inc. lies in the answer to a question: is Tesla an automaker or a tech company?In this article, I would like to share how I have come to find the answer.I will share my investing choice, talking about Tesla's current valuation and potential investing alternatives.coffeekaiIntroductionTesla, Inc. (NASDAQ:TSLA) is one of those stocks - and companies - very difficult to write about without being caught in the fight between fans and haters. This is why, though quite interested in the automotive industry, I have been hesitant to writeabout it. In truth, there has been a lot of buzz about electric vehicles (\"EVs\"), and I think it hard to deny Tesla was a stock that experienced a lot of hype, leading to extreme valuations. This has made me cautious about it, as I know buzz and hype can be exciting but can lead to rash investing decisions.To be clear from the beginning of this article, I am no Tesla detractor. However, I am no Tesla investor, either. I do think Tesla is a great company, whose future is probably going to be quite bright. On the other hand, thereare a few things about the stock that rule it out of my portfolio where I actually own three other automakers.In this article, I will share for the first time my view on Tesla, hoping to present my thesis as objectively as possible. At the same time, I would like to show why I am currently building up a position in what seems to me an underestimated competitor of Tesla.The big question about TeslaThe first question I had to find an answer to assess Tesla was the following: what kind of company do I think Tesla is?We generally find two answers that revolve around these two concepts:Tesla is a tech companyTesla is an automaker.I know things can be more complex, but as far as my research goes I really think this is the crossroad where two different investing views and strategies diverge.I find myself agreeing with the second answer: Tesla is an automaker. This is somewhat supported by what the company states in its 10-k.We design, develop, manufacture, sell and lease high-performance fully electric vehicles and energy generation and storage systems, and offer services related to our products. We generally sell our products directly to customers, and continue to grow our customer-facing infrastructure through a global network of vehicle service centers, Mobile Service, body shops, Supercharger stations and Destination Chargers to accelerate the widespread adoption of our products. We emphasize performance, attractive styling and the safety of our users and workforce in the design and manufacture of our products and are continuing to develop full self-driving technology for improved safety. We also strive to lower the cost of ownership for our customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to our products.To be fair, these words are not only about electric vehicles manufacturing, as Tesla also claims to be focusing on energy generation and storage systems as well as on developing full self-driving technology (\"FSD\"). However, I see these other activities as necessarily linked to the manufacturing one. Tesla is indeed disruptive, and it has been a true pioneer, but I see it as the one company that redesigns what all other automakers will need to become to survive and thrive.Why do I think it important to answer this question? Simply put, it tells us what industry we think Tesla is a part of. This is quite important when we do a valuation of Tesla, as we need to look at the multiples of the industry.Tesla's financials support this view, too. In fact, if we look at the income statement streams chart, we clearly see how auto sales have the lion's share of total revenues, with $67.2 billion out of the total $81.5 billion (82.5%). If we consider the auto segment as a whole, including leasing and regulatory credits, Tesla earns 87.7% of its total revenues through activities linked to electric vehicles.created by incomestatementguy on reddit.itIn addition, it seems like Elon Musk himself thinks about Tesla as a \"volume carmaker\" in the \"automotive market,\" words he used during the last earnings call.Tesla's financialsIt is hard not to like Tesla's financials, especially if we look at their unfolding through the past decade. We have a CAGR revenue growth of almost 45%, while gross profit grew at a CAGR of 46.5% and EBITDA saw a stunning 81.6% CAGR from 2013 to the end of 2022.In recent years, the company has turned profitable, and since 2020 its net income has moved up from $721 million to $12.56 billion, which is a CAGR of 317.31%. This is what happens when a company finally reaches scale.Its balance sheet is strong, with just $1 billion of long-term debt and more than $22 billion in cash and short-term investments.Free cash flow (\"FCF\") is also strong, with $4.2 billion generated at the end of 2022 vs. the -$32.5 million reported at the end of 2013. The only flaw is that Tesla paid $1.56 billion in stock-based compensation (\"SBC\"), which actually makes the real free cash flow available to investors just $1 billion. In fact, as of now SBC is added to net income to calculate the final FCF, but, in reality, it is an expense that should be moved down to financing activities and be accounted for as an expense. Therefore, we have to subtract the amount spent on SBC twice to offset the current accounting rule that sees it as an addition, and then to subtract the real expense from the previous amount.However, on a positive note, Tesla seems to be reducing its SBC, since in 2021 it paid over $2.1 billion for this. But, still, the dilutive effect is sensible.In terms of profitability, the company is best in class. Here I would like to show one of my favorite graphs Tesla shares with investors. We see that, while the average selling price (ASP) moves down and then stabilizes around $55,000, the operating margin goes steadily up, coming in at 17%.Tesla Q4 2022 Shareholder DeckThis is another way to prove how it was vital for Tesla to reach scale, as it has done in recent years. Now, every dollar of additional revenue is more valuable because of increasingly good operating efficiency.Tesla reported 1.31 million cars sold in 2022 and expects to sell 1.8 million vehicles by the end of this fiscal year. Its plan was bold, targeting a 50% CAGR from 2020 to 2023. It is rather easy to think Tesla seems able to reach this goal.Tesla Q4 2022 Shareholder DeckSo, if everything is so bright, why am I not investing in Tesla?Why I am not a Tesla shareholderI have some perplexities about Tesla's expectations for the future, which inevitably impact my view of its valuation.Before we move on, let me state once again that I am no Tesla bear, nor do I think the stock should be shorted, even though it may have indeed reached a recent peak. However, this is not my investing style, since I look for companies to hold for a decade or two.Let me share what I am thinking about Tesla's upcoming years.The first thing I wonder about is linked to what automotive segment the company wants to address. We saw how Mr. Musk considers Tesla a volume carmaker. But we don't know exactly what kind of volume carmaker Tesla wants to be. Does it aim at being an 8 million one, like Volkswagen (OTCPK:VWAGY), General Motors (GM) or Toyota (TM)? Does it aim at selling between 2 and 3 million vehicles per year, like Mercedes (OTCPK:MBGAF) or BMW (OTCPK:BMWYY) do? The answer to this question is quite important for a forecast.Currently, Tesla manufactures four vehicles: the Model 3, Y, S and X. While Model 3 and Model Y have a base price for mass-market appeal, the other two don't. Still, both Model 3 and Model Y have a starting selling price between $40,000 and $60,000, which is not exactly the price range to address all consumers. The other two models have a starting selling price around $100,000.Tesla has written more than once that it is committed to making its manufacturing process more efficient to bring down the average selling price. However, there are other automakers that are able to sell electric vehicles at more affordable prices. Tesla may start manufacturing subcompact vehicles, but this would benefit mostly volumes over margins, as that segment is highly competitive and many automakers are already or will soon be producing electric cars for this market.The other option is that Tesla turns into a premium volume automaker. This will make it compete with brands such as Mercedes, BMW, Audi, Lexus and others. While this is a higher margin segment, volumes are a bit lower, with Mercedes and BMW selling about 2 million vehicles per year. Tesla may do a bit more, but I don't see it grabbing away from brands with such a strength all their market share.In fact, Mercedes' electric car portfolio seems to be already richer than Tesla's.In other words, I have a hard time thinking Tesla will be able to grow significantly among premium brands without finding hard competition with well-established and highly-appreciated brands.On the other hand, Tesla has the advantage in that it doesn't have to cannibalize its old models, while all other OEMs do. However, while we are seeing the same thing happening with Netflix (NFLX) and its other streaming competitors, where the latter have to cannibalize their profitable cable business to build up their own streaming platform, in the case of automakers, the shift toward EVs is actually generating higher profitability.My take: The issue with Tesla's valuation and what already I own instead of itIt may not sound that original saying that what keeps me from investing in Tesla is its sky-high valuation. But let's recall that oftentimes the easiest and most renowned investing principles are forgotten when buzz and hype take place. For sure, Tesla is exciting and this is why we should double down and caution.On my side, I don't immediately run away from a stock because I see a high P/E or a high P/FCF multiple. For example, staying within the automotive industry, I own Ferrari (RACE). I would never compare Ferrari to Tesla. They are too different. But it is just an example to show how I am willing to pay a higher price when I think it is worth it.However, the big difference I see between Ferrari and Tesla is that Ferrari's future results are much more predictable than Tesla's. Still, a jewel like Ferrari trades a lower multiples compared to Tesla: Ferrari trades at a 39 fwd P/E vs. Tesla's 58, its fwd EV/EBITDA is 21.4 vs. Tesla's 31, its P/FCF is 37.3 vs. Tesla's 44.8. And this happens while Ferrari's profitability metrics are better than Tesla's: 24% EBIT margin vs. 16.8%; net income margin at 18.4% for Ferrari while for Tesla it is at 15.4%, return on equity of 40.6% for Ferrari and at 32.5% for Tesla.Coming down to a more realistic comparison, so that we don't risk to mix apples with oranges, let's look at Mercedes and compare it to Tesla (in bold is the better result between the two):Tesla is the winner, but Mercedes is not very far behind, especially as we move down the income statement. Now, let's see how the market prices Tesla's leading position compared to Mercedes:To me, the difference is too wide, especially if we consider Mercedes' high-quality strategy that is effectively managing to increase the company's profitability.This is why I actually own Mercedes as my favorite pick among premium luxury automakers.My third pick - even though, as I have tried to explain, I think we are once again at risk of comparing chalk and cheese - is Stellantis N.V. (STLA). If we look at automakers that produce affordable vehicles truly addressed to customers without deep pockets, then I think the Stellantis bull case almost speaks for itself as soon as we look at its financials and at its multiples. We are talking about a double-digit margin automaker, with incredibly skilled management, lots of tailwinds going for it (i.e., synergies), low geopolitical risk, etc. trading at unreasonable multiples of a 3 fwd P/E, a 1.2 fwd (EV/EBITDA) and a 2.3 P/FCF. I am not kidding. The company trades as if it were to go bankrupt tomorrow, while it is swimming in cash.Let me share my discounted cash flow (\"DCF\") model on Tesla, just to check if my thesis may be supported by future cash flow. Even projecting a 5 year free cash flow (\"FCF\") growth rate of 45% and then assuming a 9% perpetual growth rate (very generous assumptions), I still find TSLA stock should not trade over $150.Author, with data from SA and own future forecastAs I said, it is not my investing style to short a stock or make short-term trades. I am in for the long term. But I think Tesla, Inc.'s stock got a bit ahead of itself, especially given the fact that it has reached such volumes that will make it harder for the company to keep on growing at the fast pace investors are expecting. Many investors have for sure gained a lot of money with Tesla stock, while many other have lost a ton of it. As for me, I keep on studying Tesla, Inc. as an investor interested in the industry, but I don't see TSLA stock as appealing as other opportunities. This is why I rate Tesla, Inc. as a hold.This article is written by Luca Socci for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921691212,"gmtCreate":1671036229736,"gmtModify":1676538480244,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576550818064904","idStr":"3576550818064904"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9921691212","repostId":"1132223607","repostType":4,"repost":{"id":"1132223607","kind":"news","pubTimestamp":1671009006,"share":"https://ttm.financial/m/news/1132223607?lang=&edition=fundamental","pubTime":"2022-12-14 17:10","market":"us","language":"en","title":"The Fed Should Pause Its Rate Hikes Now That Inflation Has Slowed Significantly. But It Won’t","url":"https://stock-news.laohu8.com/highlight/detail?id=1132223607","media":"MarketWatch","summary":"The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its","content":"<html><head></head><body><p>The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a range of 4.25% to 4.50%, as expected at its meeting that ends Wednesday.</p><p>With the relatively benign report on the consumer price index in November released on Tuesday, the Fed now has “compelling evidence” that it has achieved its immediate goal of seeing a significant slowing in inflation.</p><p>The CPI was better than expected in November, with headline inflation rising just 0.1% (1.2% annualized) and core inflation up 0.2% (2.4% annualized).</p><p>The U.S. stock market SPX, DJIA, COMP on Tuesday initially greeted the CPI report as confirmation that the Fed could begin to let up, but by midday the realization hit that the Fed is going to keep hiking rates.</p><h2>Better than the media says</h2><p>The CPI report was actually better than it’s being portrayed by the media, which continue to focus irrationally on year-over-year changes in inflation rather than looking at what has happened since the Fed began raising interest rates nine months ago. For instance, what are we to make of. this incoherent headline in the New York Times: “U.S. Inflation Cools as Consumer Prices Rise 7.1 Percent”?</p><p>If we don’t want to miss the turning points, we have to shorten our horizon to something less than a year, but not so short that it’s all noise and no signal. Three months is about right.</p><p>In March 2022, when the Fed first raised rates, inflation was accelerating. From January to March, the CPI had risen at an 11.3% annual rate. That was an alarming inflation rate which called for action by the Fed.</p><p>But then the Fed raised interest rates at six straight meetings, going from near zero to near 4% and now inflation is decelerating. From September to November, inflation rose at a 3.7% annual rate.</p><p>That is significant progress in the most relevant measure of inflation.</p><h2>The wrong perspective</h2><p>The progress is much less apparent when the figures are reported on a year-over-year basis, as most media outlets do. From November 2021 to November 2022, inflation rose 7.1% — but that figure is meaningless to our understanding of what the Fed has accomplished because that time frame also includes five months of high inflation from before the Fed acted.</p><p>Because rate hikes take some time to have an impact on prices and on the economy, they didn’t really start to bite until July. In the five months since then, inflation has slowed to a 2.5% annualized rate, noticeable to anyone who’s looking. The unprecedented rise in interest rates is working to cool off price increases.</p><p>The progress is even greater when you take into account that almost all of the inflation we’ve suffered recently is coming from higher rents, which are now rising at a 10% annual rate in a lagged response to last year’s incredible 20%+ increase in home prices and tight rental markets.</p><h2>Rents still rising as home prices fall</h2><p>Home prices have now begun to fall in most regions of the U.S. Rents for new tenants have also begun to fall, but rents paid by continuing tenants have lagged behind and could take another year or longer to catch up, according to research by economists at Goldman Sachs. That’s because rents on existing leases tend to reset on an annual basis.</p><p>Rents are used to compute the costs not only of renters but of homeowners as well. It’s as if we measured champagne prices by looking at how much beer costs.</p><p>With more than 900,000 multifamily housing units now under construction, the supply constraints will soon begin to ease, reducing pressure on rents, when those units hit the market, likely in the next year or so.</p><p>Rents have an outsized influence on the CPI, because rents are used to compute the costs not only of renters but of homeowners as well. It’s as if we measured champagne prices by looking at how much beer costs. Yes, there’s some correlation most of the time, but not always.</p><p>Using rents to measure homeowners’ costs might be an acceptable methodology in normal times, but not now. Based on the increase in rents, the CPI showed that shelter costs for homeowners rose at a 8% annual rate in November. No one believes that’s true. Most homeowners have a fixed-rate mortgage, so principal and interest payments haven’t gone up.</p><h2>The right perspective</h2><p>The best thing to do in this situation is to recognize that we need to exclude shelter costs (which accounts for a third of the CPI) if we want to see where underlying inflation is heading.</p><p>“Substantial disagreement about the correct way to measure shelter inflation argues for looking at inflation measures that put less weight on shelter inflation, not more, when the decision is of greater consequence,” wrote Goldman Sachs economists Ronnie Walker and David Mericle in a note published in October.</p><p>The CPI excluding shelter fell 0.2% in November and has risen at just a 1.3% annual rate over the past three months.</p><p>Even Fed Chair Jerome Powell has acknowledged that a sudden drop in home prices won’t show up in the headline CPI for months, but he’s not acting like he quite believes it. If he did, he’d urge his colleagues at the Fed to pause now and let the full impact of 375 basis points of tightening work on the economy.</p><p>We know, however, that the Fed won’t pause. The Fed lost too much credibility last year when it missed the rapid increase in inflation as the economy emerged from its pandemic lockdown, and now the Fed is scrambling to restore the public’s trust as an inflation fighter.</p><p>Unfortunately, that makes a recession nearly inevitable, because the Fed is going to do what it always does: Raise rates too far and push the economy into a job-killing recession.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed Should Pause Its Rate Hikes Now That Inflation Has Slowed Significantly. But It Won’t</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed Should Pause Its Rate Hikes Now That Inflation Has Slowed Significantly. But It Won’t\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-14 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-u-s-inflation-rate-in-november-was-not-7-1-as-you-were-told-it-was-3-7-11670968283?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-u-s-inflation-rate-in-november-was-not-7-1-as-you-were-told-it-was-3-7-11670968283?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/the-u-s-inflation-rate-in-november-was-not-7-1-as-you-were-told-it-was-3-7-11670968283?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132223607","content_text":"The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a range of 4.25% to 4.50%, as expected at its meeting that ends Wednesday.With the relatively benign report on the consumer price index in November released on Tuesday, the Fed now has “compelling evidence” that it has achieved its immediate goal of seeing a significant slowing in inflation.The CPI was better than expected in November, with headline inflation rising just 0.1% (1.2% annualized) and core inflation up 0.2% (2.4% annualized).The U.S. stock market SPX, DJIA, COMP on Tuesday initially greeted the CPI report as confirmation that the Fed could begin to let up, but by midday the realization hit that the Fed is going to keep hiking rates.Better than the media saysThe CPI report was actually better than it’s being portrayed by the media, which continue to focus irrationally on year-over-year changes in inflation rather than looking at what has happened since the Fed began raising interest rates nine months ago. For instance, what are we to make of. this incoherent headline in the New York Times: “U.S. Inflation Cools as Consumer Prices Rise 7.1 Percent”?If we don’t want to miss the turning points, we have to shorten our horizon to something less than a year, but not so short that it’s all noise and no signal. Three months is about right.In March 2022, when the Fed first raised rates, inflation was accelerating. From January to March, the CPI had risen at an 11.3% annual rate. That was an alarming inflation rate which called for action by the Fed.But then the Fed raised interest rates at six straight meetings, going from near zero to near 4% and now inflation is decelerating. From September to November, inflation rose at a 3.7% annual rate.That is significant progress in the most relevant measure of inflation.The wrong perspectiveThe progress is much less apparent when the figures are reported on a year-over-year basis, as most media outlets do. From November 2021 to November 2022, inflation rose 7.1% — but that figure is meaningless to our understanding of what the Fed has accomplished because that time frame also includes five months of high inflation from before the Fed acted.Because rate hikes take some time to have an impact on prices and on the economy, they didn’t really start to bite until July. In the five months since then, inflation has slowed to a 2.5% annualized rate, noticeable to anyone who’s looking. The unprecedented rise in interest rates is working to cool off price increases.The progress is even greater when you take into account that almost all of the inflation we’ve suffered recently is coming from higher rents, which are now rising at a 10% annual rate in a lagged response to last year’s incredible 20%+ increase in home prices and tight rental markets.Rents still rising as home prices fallHome prices have now begun to fall in most regions of the U.S. Rents for new tenants have also begun to fall, but rents paid by continuing tenants have lagged behind and could take another year or longer to catch up, according to research by economists at Goldman Sachs. That’s because rents on existing leases tend to reset on an annual basis.Rents are used to compute the costs not only of renters but of homeowners as well. It’s as if we measured champagne prices by looking at how much beer costs.With more than 900,000 multifamily housing units now under construction, the supply constraints will soon begin to ease, reducing pressure on rents, when those units hit the market, likely in the next year or so.Rents have an outsized influence on the CPI, because rents are used to compute the costs not only of renters but of homeowners as well. It’s as if we measured champagne prices by looking at how much beer costs. Yes, there’s some correlation most of the time, but not always.Using rents to measure homeowners’ costs might be an acceptable methodology in normal times, but not now. Based on the increase in rents, the CPI showed that shelter costs for homeowners rose at a 8% annual rate in November. No one believes that’s true. Most homeowners have a fixed-rate mortgage, so principal and interest payments haven’t gone up.The right perspectiveThe best thing to do in this situation is to recognize that we need to exclude shelter costs (which accounts for a third of the CPI) if we want to see where underlying inflation is heading.“Substantial disagreement about the correct way to measure shelter inflation argues for looking at inflation measures that put less weight on shelter inflation, not more, when the decision is of greater consequence,” wrote Goldman Sachs economists Ronnie Walker and David Mericle in a note published in October.The CPI excluding shelter fell 0.2% in November and has risen at just a 1.3% annual rate over the past three months.Even Fed Chair Jerome Powell has acknowledged that a sudden drop in home prices won’t show up in the headline CPI for months, but he’s not acting like he quite believes it. If he did, he’d urge his colleagues at the Fed to pause now and let the full impact of 375 basis points of tightening work on the economy.We know, however, that the Fed won’t pause. The Fed lost too much credibility last year when it missed the rapid increase in inflation as the economy emerged from its pandemic lockdown, and now the Fed is scrambling to restore the public’s trust as an inflation fighter.Unfortunately, that makes a recession nearly inevitable, because the Fed is going to do what it always does: Raise rates too far and push the economy into a job-killing recession.","news_type":1},"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923671014,"gmtCreate":1670856946238,"gmtModify":1676538447067,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576550818064904","idStr":"3576550818064904"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FUTU\">$Futu Holdings 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Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966946357","isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9968520262,"gmtCreate":1669259150156,"gmtModify":1676538175592,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576550818064904","idStr":"3576550818064904"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9968520262","repostId":"2285458048","repostType":4,"repost":{"id":"2285458048","kind":"highlight","pubTimestamp":1669269327,"share":"https://ttm.financial/m/news/2285458048?lang=&edition=fundamental","pubTime":"2022-11-24 13:55","market":"us","language":"en","title":"2 Monster Metaverse Stocks Down 70% and 87% to Buy on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2285458048","media":"Motley Fool","summary":"Investors have punished these two innovative tech companies, but their long-term potential remains intact.","content":"<html><head></head><body><p>Depending on whom you ask, the metaverse involves some form of virtual or augmented reality designed to bring users into the digital realm, where they can connect with other people for a variety of purposes, whether for leisure or for commerce.</p><p>Though the final form of this new technology is not entirely fleshed out, the estimates about its potential value are wide-ranging. Bloomberg Intelligence thinks the opportunity could be worth $800 billion by 2024, and based on an annual growth rate of 13.1%, it could double to $1.6 trillion by 2030.</p><p><b><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></b> and <b>Snap</b> are two leading developers of the metaverse, and they&#39;re each approaching it from different angles. Here&#39;s why owning both might be a great bet for the long term.</p><h2>Meta&#39;s multibillion-dollar bet</h2><p>When the economy was roaring during 2021, Meta Platforms&#39; big bet on the metaverse was seen as an intriguing investment in a future technology that could change the way people connect socially and professionally. Meta stock was trading at an all-time high of $378 a little more than 12 months ago.</p><p>But in 2022, with the economy slowing and the rest of Meta&#39;s business struggling, investors have lambasted the company and its CEO, Mark Zuckerberg, for its continued spending on the project.</p><p>Meta Platforms is the parent of Facebook, Instagram, and WhatsApp, all of which rely on advertising to generate revenue. But given the current climate, consumers are spending less, so businesses are investing less in marketing, which has directly affected Meta&#39;s portfolio of social media platforms.</p><p>The company generated $27.7 billion in revenue during the recent third quarter (ended Sept. 30), which was a slight year-over-year decline from the $29 billion it delivered in the same period of 2021. While that&#39;s not ideal, investors are more concerned with Meta&#39;s accelerated spending in its Reality Labs segment, which is responsible for the metaverse. In the first three quarters of 2022, Reality Labs has lost $9.4 billion, and it has been a drag on the company&#39;s bottom-line results.</p><p>But it&#39;s not all bad news. Meta is still experiencing user growth across its family of apps, which now have 3.7 billion monthly active people. And the company&#39;s annual revenue for 2022 is expected to top $116 billion, which would be flat compared to 2021, though that&#39;s not necessarily a bad thing given how challenging the economy is.</p><p>Then there&#39;s the financial potential of the metaverse. Weighed against what could be a multitrillion-dollar opportunity in the long term, Meta&#39;s investment of less than $10 billion this year doesn&#39;t seem so unreasonable. Mark Zuckerberg predicts the company&#39;s mass-market virtual world could attract one billion users, who will each spend hundreds of dollars on digital goods before 2030.</p><p>Because Meta stock is down 70% from its all-time high and trades at the cheapest price-to-earnings ratio since it became a public company, this might be an opportune time to buy.</p><h2>Snap has an augmented take on the metaverse</h2><p>The beauty of a new technology like the metaverse is that companies are all working on their own innovative visions for it. Snap, which is the parent of SnapChat, doesn&#39;t see a virtual world at all, and has in fact criticized the approach taken by its rival Meta Platforms. Instead, Snap wants to fuse the digital realm with the physical one, and it&#39;s doing so with augmented reality (AR).</p><p>AR has broader applications because the user doesn&#39;t have to be fully immersed in the technology by using a headset, for example. It can be delivered on-screen using a smartphone camera, or even with special glasses Snap is designing called Spectacles. The wearers can go about their normal day while having digital enhancements beamed into their vision without ceasing interactions with other human beings in real life.</p><p>Like Meta, Snap&#39;s advertising-based business has suffered at the hands of the weak economy this year. But it&#39;s working on a series of initiatives to revive its growth trajectory, including AR-based features that are true game changers.</p><p>SnapChat users are able to try on clothes using AR through their smartphone camera, and one retailer generated 11 million impressions on the platform during the third quarter. Similarly, another store saw a 14-fold increase in its return on investment by allowing SnapChatters to explore outdoor furniture products using AR.</p><p>Therefore, setting aside any potential value created from the metaverse itself, it&#39;s clear AR could provide a significant boost to advertisers. Since Snap is a leading developer of the technology, that might be a big long-term tailwind for the company.</p><p>Snap&#39;s revenue grew by just 5.7% year over year in the third quarter -- for context, it grew 10 times faster (57%) at the same time in 2021. But on a more positive note, the company continues to experience robust growth in daily active users, which jumped 19% during the quarter to 363 million. As long as that continues, Snap&#39;s advertising revenue should bounce back strongly once the economy recovers.</p><p>Like Meta, Snap&#39;s stock decline (some 87% from its all-time high) places it near the cheapest valuation since becoming a public company, so investors might see value in building a position at these levels.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Monster Metaverse Stocks Down 70% and 87% to Buy on the Dip</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\">\n2 Monster Metaverse Stocks Down 70% and 87% to Buy on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-24 13:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/23/2-monster-metaverse-stocks-down-70-and-87-buy-dip/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Depending on whom you ask, the metaverse involves some form of virtual or augmented reality designed to bring users into the digital realm, where they can connect with other people for a variety of ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/23/2-monster-metaverse-stocks-down-70-and-87-buy-dip/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","SNAP":"Snap Inc"},"source_url":"https://www.fool.com/investing/2022/11/23/2-monster-metaverse-stocks-down-70-and-87-buy-dip/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2285458048","content_text":"Depending on whom you ask, the metaverse involves some form of virtual or augmented reality designed to bring users into the digital realm, where they can connect with other people for a variety of purposes, whether for leisure or for commerce.Though the final form of this new technology is not entirely fleshed out, the estimates about its potential value are wide-ranging. Bloomberg Intelligence thinks the opportunity could be worth $800 billion by 2024, and based on an annual growth rate of 13.1%, it could double to $1.6 trillion by 2030.Meta Platforms and Snap are two leading developers of the metaverse, and they're each approaching it from different angles. Here's why owning both might be a great bet for the long term.Meta's multibillion-dollar betWhen the economy was roaring during 2021, Meta Platforms' big bet on the metaverse was seen as an intriguing investment in a future technology that could change the way people connect socially and professionally. Meta stock was trading at an all-time high of $378 a little more than 12 months ago.But in 2022, with the economy slowing and the rest of Meta's business struggling, investors have lambasted the company and its CEO, Mark Zuckerberg, for its continued spending on the project.Meta Platforms is the parent of Facebook, Instagram, and WhatsApp, all of which rely on advertising to generate revenue. But given the current climate, consumers are spending less, so businesses are investing less in marketing, which has directly affected Meta's portfolio of social media platforms.The company generated $27.7 billion in revenue during the recent third quarter (ended Sept. 30), which was a slight year-over-year decline from the $29 billion it delivered in the same period of 2021. While that's not ideal, investors are more concerned with Meta's accelerated spending in its Reality Labs segment, which is responsible for the metaverse. In the first three quarters of 2022, Reality Labs has lost $9.4 billion, and it has been a drag on the company's bottom-line results.But it's not all bad news. Meta is still experiencing user growth across its family of apps, which now have 3.7 billion monthly active people. And the company's annual revenue for 2022 is expected to top $116 billion, which would be flat compared to 2021, though that's not necessarily a bad thing given how challenging the economy is.Then there's the financial potential of the metaverse. Weighed against what could be a multitrillion-dollar opportunity in the long term, Meta's investment of less than $10 billion this year doesn't seem so unreasonable. Mark Zuckerberg predicts the company's mass-market virtual world could attract one billion users, who will each spend hundreds of dollars on digital goods before 2030.Because Meta stock is down 70% from its all-time high and trades at the cheapest price-to-earnings ratio since it became a public company, this might be an opportune time to buy.Snap has an augmented take on the metaverseThe beauty of a new technology like the metaverse is that companies are all working on their own innovative visions for it. Snap, which is the parent of SnapChat, doesn't see a virtual world at all, and has in fact criticized the approach taken by its rival Meta Platforms. Instead, Snap wants to fuse the digital realm with the physical one, and it's doing so with augmented reality (AR).AR has broader applications because the user doesn't have to be fully immersed in the technology by using a headset, for example. It can be delivered on-screen using a smartphone camera, or even with special glasses Snap is designing called Spectacles. The wearers can go about their normal day while having digital enhancements beamed into their vision without ceasing interactions with other human beings in real life.Like Meta, Snap's advertising-based business has suffered at the hands of the weak economy this year. But it's working on a series of initiatives to revive its growth trajectory, including AR-based features that are true game changers.SnapChat users are able to try on clothes using AR through their smartphone camera, and one retailer generated 11 million impressions on the platform during the third quarter. Similarly, another store saw a 14-fold increase in its return on investment by allowing SnapChatters to explore outdoor furniture products using AR.Therefore, setting aside any potential value created from the metaverse itself, it's clear AR could provide a significant boost to advertisers. Since Snap is a leading developer of the technology, that might be a big long-term tailwind for the company.Snap's revenue grew by just 5.7% year over year in the third quarter -- for context, it grew 10 times faster (57%) at the same time in 2021. But on a more positive note, the company continues to experience robust growth in daily active users, which jumped 19% during the quarter to 363 million. As long as that continues, Snap's advertising revenue should bounce back strongly once the economy recovers.Like Meta, Snap's stock decline (some 87% from its all-time high) places it near the cheapest valuation since becoming a public company, so investors might see value in building a position at these levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9968840358,"gmtCreate":1669186978575,"gmtModify":1676538164467,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576550818064904","idStr":"3576550818064904"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$GameStop(GME)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968840358","isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":183135348,"gmtCreate":1623313672584,"gmtModify":1704200667560,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like and comment. Thanks","listText":"Like and comment. Thanks","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/183135348","repostId":"1115024001","repostType":4,"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160077127,"gmtCreate":1623767959969,"gmtModify":1703818839146,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>So many people cashing out on profits, wonder what’s the new support level ?","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>So many people cashing out on profits, wonder what’s the new support level ?","text":"$Tiger Brokers(TIGR)$So many people cashing out on profits, wonder what’s the new support level ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":1,"link":"https://ttm.financial/post/160077127","isVote":1,"tweetType":1,"viewCount":2754,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582175710040105","authorId":"3582175710040105","name":"Axekay","avatar":"https://static.itradeup.com/news/bb1a0492a52d3f14fed576a4c8d1b1da","crmLevel":6,"crmLevelSwitch":1,"idStr":"3582175710040105","authorIdStr":"3582175710040105"},"content":"Run if you think it is on a downtrend","text":"Run if you think it is on a downtrend","html":"Run if you think it is on a downtrend"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103152569,"gmtCreate":1619759119151,"gmtModify":1704271978674,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like and comment. Thanks","listText":"Like and comment. Thanks","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/103152569","repostId":"1153490597","repostType":4,"isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579431961273157","authorId":"3579431961273157","name":"Windtalker78","avatar":"https://static.tigerbbs.com/0bf69a5ab416d33d0b16be20ef91c642","crmLevel":6,"crmLevelSwitch":0,"idStr":"3579431961273157","authorIdStr":"3579431961273157"},"content":"same here. thanks.","text":"same here. thanks.","html":"same here. thanks."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":251621693305064,"gmtCreate":1702468435601,"gmtModify":1702468438876,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$&nbsp;</a>Best stock to hold&nbsp;","listText":"<a href=\"https://ttm.financial/S/ASML\">$ASML Holding NV(ASML)$&nbsp;</a>Best stock to hold&nbsp;","text":"$ASML Holding NV(ASML)$ Best stock to hold","images":[{"img":"https://community-static.tradeup.com/news/31a1b77d33c3dc32e626d32a55cbe5a7","width":"696","height":"1122"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251621693305064","isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":234298361405448,"gmtCreate":1698247561324,"gmtModify":1698247566110,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Hope for the best for stability in the market&nbsp;","listText":"Hope for the best for stability in the market&nbsp;","text":"Hope for the best for stability in the market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234298361405448","isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117210213,"gmtCreate":1623142718132,"gmtModify":1704196950776,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Comment and like. Thanks","listText":"Comment and like. Thanks","text":"Comment and like. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/117210213","repostId":"1130541253","repostType":4,"repost":{"id":"1130541253","kind":"news","pubTimestamp":1623141101,"share":"https://ttm.financial/m/news/1130541253?lang=&edition=fundamental","pubTime":"2021-06-08 16:31","market":"us","language":"en","title":"GameStop on watch as one Wall Street firm doubles down on bearish stance and another throws in the towel","url":"https://stock-news.laohu8.com/highlight/detail?id=1130541253","media":"seekingalpha","summary":"Wedbush reiterates an Underperform rating on GameStop(NYSE:GME)as it notes once again that shares ha","content":"<p>Wedbush reiterates an Underperform rating on GameStop(NYSE:GME)as it notes once again that shares have run up too high amid the meme stock phenomenon to warrant a bullish call.</p><p>While GameStop is seen as well-positioned to be a primary beneficiary of the new console launches and Wedbush is optimistic on a return to profitability by FY21, the lofty valuation cannot be ignored.</p><p>\"The short squeeze and retail investor enthusiasm seen in recent months have spiked the share price to levels that are disconnected from the fundamentals of the business,\" warns Wedbush.</p><p>Meanwhile, Telsey Advisory Group discontinues coverage on GameStop to follow in thepath of Bank of America last week.</p><p>The Seeking Alpha Quant Rating on GameStop isNeutral as high marks for momentum offset the value grade.</p><p><img src=\"https://static.tigerbbs.com/0d6f1217b3d7d420f05132307738a32a\" tg-width=\"1071\" tg-height=\"350\" referrerpolicy=\"no-referrer\">GameStop is&nbsp;up 2.67%&nbsp;premarket to $287.50.</p><p>GameStop is one of the stocks onSeeking Alpha's Catalyst Watch for the week.</p><p><img src=\"https://static.tigerbbs.com/4f1cb61302263bed9f807753856c8a91\" tg-width=\"750\" tg-height=\"514\" referrerpolicy=\"no-referrer\"></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>GameStop on watch as one Wall Street firm doubles down on bearish stance and another throws in the towel</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\">\nGameStop on watch as one Wall Street firm doubles down on bearish stance and another throws in the towel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3703645-gamestop-on-watch-as-one-wall-street-firm-doubles-down-on-bearish-stance-and-another-throws-in-the-towel><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wedbush reiterates an Underperform rating on GameStop(NYSE:GME)as it notes once again that shares have run up too high amid the meme stock phenomenon to warrant a bullish call.While GameStop is seen ...</p>\n\n<a href=\"https://seekingalpha.com/news/3703645-gamestop-on-watch-as-one-wall-street-firm-doubles-down-on-bearish-stance-and-another-throws-in-the-towel\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://seekingalpha.com/news/3703645-gamestop-on-watch-as-one-wall-street-firm-doubles-down-on-bearish-stance-and-another-throws-in-the-towel","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1130541253","content_text":"Wedbush reiterates an Underperform rating on GameStop(NYSE:GME)as it notes once again that shares have run up too high amid the meme stock phenomenon to warrant a bullish call.While GameStop is seen as well-positioned to be a primary beneficiary of the new console launches and Wedbush is optimistic on a return to profitability by FY21, the lofty valuation cannot be ignored.\"The short squeeze and retail investor enthusiasm seen in recent months have spiked the share price to levels that are disconnected from the fundamentals of the business,\" warns Wedbush.Meanwhile, Telsey Advisory Group discontinues coverage on GameStop to follow in thepath of Bank of America last week.The Seeking Alpha Quant Rating on GameStop isNeutral as high marks for momentum offset the value grade.GameStop is up 2.67% premarket to $287.50.GameStop is one of the stocks onSeeking Alpha's Catalyst Watch for the week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581988841626176","authorId":"3581988841626176","name":"JKJKJK","avatar":"https://static.tigerbbs.com/882030abc3e0ffb1122b6a566ab01832","crmLevel":2,"crmLevelSwitch":0,"idStr":"3581988841626176","authorIdStr":"3581988841626176"},"content":"Pls reply to this comment.","text":"Pls reply to this comment.","html":"Pls reply to this comment."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960760894,"gmtCreate":1668262406218,"gmtModify":1676538035146,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9960760894","repostId":"1137748454","repostType":4,"repost":{"id":"1137748454","kind":"news","pubTimestamp":1668216439,"share":"https://ttm.financial/m/news/1137748454?lang=&edition=fundamental","pubTime":"2022-11-12 09:27","market":"fut","language":"en","title":"A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=1137748454","media":"Barron's","summary":"How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, a","content":"<html><head></head><body><p>How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?</p><p>In crypto, about a week.</p><p>The debacle unfolded in real time on Twitter as the crypto empire run by Sam Bankman-Fried collapsed. FTX Group, his conglomerate of 130 entities—including the FTX exchange and Alameda Research, a market maker and trading firm—filed for U.S. bankruptcy protection on Friday.</p><p>Bankman-Fried resigned as CEO from the group, issuing a mea culpa on Twitter. “I’m really sorry, again, that we ended up here,” he said in a stream of tweets. “I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week,” he added.</p><p>Bankman-Fried wasn’t the only one expressing shock. FTX, the world’s second largest crypto exchange, collapsed over a few chaotic days, brought down by a liquidity crisis as customers lost confidence in the exchange. Essentially, it was an old-fashioned run on the bank, with no federal regulator or private entity willing to prop up FTX, unwind the operations, or contain the fallout.</p><p>The collateral damage is likely to be vast. FTX and Alameda played central roles in crypto trading, market making, lending, and bailouts of other firms. FTX had attracted investment from prominent venture-capital firms, pension funds, and hedge funds. Some of them invested in FTX at a valuation of $32 billion just a few months ago. They are now marking down their investments to zero.</p><p>The unraveling has already knocked more than $125 billion in market cap off Bitcoin and other tokens. FTX has frozen customer accounts. Its U.S. entity, FTX US, had said it would probably halt trading within days, though its website was still operational on Friday, including a pitch to “join some of the world’s biggest names who trust FTX,” showing photos of Tom Brady and Stephen Curry.</p><p>Other entities that have paused withdrawals include BlockFi, a crypto lender that FTX bailed out last summer. More entities and counterparties with exposure to FTX are likely to be revealed as the bankruptcy proceedings get rolling.</p><p>Regulators are now under far more pressure to ramp up supervision of an industry that has so far thrived on opacity and a lack of clear rules. “I hope some of these firms take note and actually work with us and get registered, or we’ll certainly be doing what we need to do, being a cop on the beat,” said Securities and Exchange Commission Chair Gary Gensler at a conference on Wednesday.</p><p>It’s unclear how crypto will clean up its latest mess. Indeed, what little credibility crypto had is being tested anew, raising questions about whether the whole edifice will simply crumble under its own weight.</p><p>“Those who were skeptical about crypto will become even more skeptical. They’re not wrong to feel that way,” says Ric Edelman, head of the Digital Assets Council of Financial Professionals.</p><p>Before his empire fell apart, Bankman-Fried had been viewed as a kind of crypto philosopher king. A 30-year-old Californian, educated at Massachusetts Institute of Technology, he built FTX and Alameda into the very fabric of crypto infrastructure, playing a leading role in derivatives, trading, and market-making activity.</p><p><img src=\"https://static.tigerbbs.com/c380e6b530fb0a8f21ae5df380dcfabf\" tg-width=\"939\" tg-height=\"639\" width=\"100%\" height=\"auto\"/></p><p>As FTX and its related entities grew into a multibillion-dollar empire, Bankman-Fried parlayed his wealth and prominence widely. He spent millions on sports, including naming rights to the Miami Heat’s National Basketball Association arena and sponsorship of Formula 1 racing cars. He also promised to donate most of his fortune to charities. And he became a fixture on Capitol Hill, arguing for regulation and donating to political campaigns in a bid to bring crypto into the mainstream.</p><p>Bankman-Fried also built a reputation as a crypto white knight—a banker of last resort. BlockFi and Voyager Digitalboth got bailouts or lines of credit, though Voyager didn’t survive. Bankman-Fried also invested in other crypto platforms, including Robinhood Markets (ticker: HOOD), owning a 7.5% stake in the company worth $570 million at recent prices.</p><p>The collapse of FTX could prove costly, well beyond crypto. FTX’s venture-capital investors included big names like Sequoia Capital, Tiger Global Management, and the Ontario Teachers’ Pension Plan. Sequoia now says that its investment is worth zero.</p><p>Analysts expect more companies to reveal exposures and losses. “There could be other cascading failures that could emerge,” says Lucas Nuzzi, head of research and development at Coin Metrics, a research firm working on a report that may identify additional counterparties to FTX and Alameda.</p><p>One immediate impact, of course, is sheer fear of crypto. Potential investors in start-ups are now more likely to shy away, says Antonio Juliano, CEO of dYdX, one of the largest decentralized-finance, or DeFi, exchanges. “This will decrease interest in crypto for the short to medium term,” he says.</p><p>There may also be a chill on crypto demand as investors question whether their tokens, custodied through brokerages and exchanges, will be accessible in the event of a bankruptcy. FTX used customer assets for trading at Alameda without their knowledge, according to media reports. When Alameda couldn’t meet its obligations, it spilled over to FTX’s customer base.</p><p>Equity brokerages and exchanges regulated by the SEC would never be allowed to use customer assets in that way. Those lines are largely absent in crypto, however. U.S. exchange are licensed by states as money-transfer businesses. And there is no regulatory body supervising operations of global exchanges like Bahamas-based FTX.</p><p>Coinbase Global (COIN), the largest U.S.-based exchange, said this past week that “there can’t be a run on the bank” at the firm and that it lends customer assets only with approval.</p><p>Nonetheless, the collapse of FTX underscores the market’s concentration in a handful of companies. And it reveals how even two of the big players can shake the foundations.</p><p>FTX’s demise started when CoinDesk reported that Alameda’s balance sheet consisted partly of a token called FTT, which is used for trading and commissions on the FTX exchange. Days later, Changpeng Zhao, the leader of Binance—the world’s largest crypto exchange—said he planned to unload more than $500 million worth of FTT that his firm had acquired.</p><p>With that, the run on FTX began. On Sunday, FTX saw $5 billion in customer withdrawals. Bankman-Fried then sought emerging funding to cover shortfalls, estimated at $8 billion. On Tuesday, Binance appeared to be a savior, signing a letter of intent to buy FTX. The next day, Binance pulled out, saying that “the issues are beyond our control or ability to help.”</p><p>Bankman-Fried has said that he thought it likely that Zhao never intended to buy FTX. “Well played; you won,” he said on Twitter, in an apparent allusion to Zhao taking out a rival.</p><p>FTX did not respond to a request for comment. Binance declined to comment.</p><p>The regulatory fallout is just starting. Democrats in Congress are calling for hearings, and the White House has weighed in. “The most recent news...highlights why prudent regulation of cryptocurrencies is indeed needed,” press secretary Karine Jean-Pierre told reporters.</p><p>U.S. enforcement agencies are now expanding inquiries. If the SEC alleges that FTX broke securities laws, it could create liability for the entire industry. “That’s what can really shake the industry,” says Tyler Gellasch, a former SEC senior counsel.</p><p>Representatives for the SEC and the Commodity Futures Trading Commission declined to comment.</p><p>Even if FTX’s troubles seem remote, the damage is likely to keep affecting tokens, brokerages like Coinbase and Robinhood, and the many banks, lenders, and tech companies trying to build crypto businesses.</p><p>“FTX and SBF were these megawatt stars in crypto and had garnered a lot of trust, not just among institutional investors but also among regulators,” says Morningstar’s Madeline Hume, referring to Bankman-Fried. “The risk of contagion has never been higher.”</p></body></html>","source":"lsy1610680873436","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>A $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto</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\">\nA $32 Billion Crypto Empire Has Crashed. The Fallout Is Spreading Far Beyond Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-12 09:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?In crypto, about a week.The ...</p>\n\n<a href=\"https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/ftx-binance-sam-bankman-fried-crypto-bitcoin-solana-price-crash-51668135110","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137748454","content_text":"How long does it take to wipe out a $32 billion company, shatter confidence in an entire industry, and leave a trail of destruction from Wall Street to Silicon Valley?In crypto, about a week.The debacle unfolded in real time on Twitter as the crypto empire run by Sam Bankman-Fried collapsed. FTX Group, his conglomerate of 130 entities—including the FTX exchange and Alameda Research, a market maker and trading firm—filed for U.S. bankruptcy protection on Friday.Bankman-Fried resigned as CEO from the group, issuing a mea culpa on Twitter. “I’m really sorry, again, that we ended up here,” he said in a stream of tweets. “I’m piecing together all of the details, but I was shocked to see things unravel the way they did earlier this week,” he added.Bankman-Fried wasn’t the only one expressing shock. FTX, the world’s second largest crypto exchange, collapsed over a few chaotic days, brought down by a liquidity crisis as customers lost confidence in the exchange. Essentially, it was an old-fashioned run on the bank, with no federal regulator or private entity willing to prop up FTX, unwind the operations, or contain the fallout.The collateral damage is likely to be vast. FTX and Alameda played central roles in crypto trading, market making, lending, and bailouts of other firms. FTX had attracted investment from prominent venture-capital firms, pension funds, and hedge funds. Some of them invested in FTX at a valuation of $32 billion just a few months ago. They are now marking down their investments to zero.The unraveling has already knocked more than $125 billion in market cap off Bitcoin and other tokens. FTX has frozen customer accounts. Its U.S. entity, FTX US, had said it would probably halt trading within days, though its website was still operational on Friday, including a pitch to “join some of the world’s biggest names who trust FTX,” showing photos of Tom Brady and Stephen Curry.Other entities that have paused withdrawals include BlockFi, a crypto lender that FTX bailed out last summer. More entities and counterparties with exposure to FTX are likely to be revealed as the bankruptcy proceedings get rolling.Regulators are now under far more pressure to ramp up supervision of an industry that has so far thrived on opacity and a lack of clear rules. “I hope some of these firms take note and actually work with us and get registered, or we’ll certainly be doing what we need to do, being a cop on the beat,” said Securities and Exchange Commission Chair Gary Gensler at a conference on Wednesday.It’s unclear how crypto will clean up its latest mess. Indeed, what little credibility crypto had is being tested anew, raising questions about whether the whole edifice will simply crumble under its own weight.“Those who were skeptical about crypto will become even more skeptical. They’re not wrong to feel that way,” says Ric Edelman, head of the Digital Assets Council of Financial Professionals.Before his empire fell apart, Bankman-Fried had been viewed as a kind of crypto philosopher king. A 30-year-old Californian, educated at Massachusetts Institute of Technology, he built FTX and Alameda into the very fabric of crypto infrastructure, playing a leading role in derivatives, trading, and market-making activity.As FTX and its related entities grew into a multibillion-dollar empire, Bankman-Fried parlayed his wealth and prominence widely. He spent millions on sports, including naming rights to the Miami Heat’s National Basketball Association arena and sponsorship of Formula 1 racing cars. He also promised to donate most of his fortune to charities. And he became a fixture on Capitol Hill, arguing for regulation and donating to political campaigns in a bid to bring crypto into the mainstream.Bankman-Fried also built a reputation as a crypto white knight—a banker of last resort. BlockFi and Voyager Digitalboth got bailouts or lines of credit, though Voyager didn’t survive. Bankman-Fried also invested in other crypto platforms, including Robinhood Markets (ticker: HOOD), owning a 7.5% stake in the company worth $570 million at recent prices.The collapse of FTX could prove costly, well beyond crypto. FTX’s venture-capital investors included big names like Sequoia Capital, Tiger Global Management, and the Ontario Teachers’ Pension Plan. Sequoia now says that its investment is worth zero.Analysts expect more companies to reveal exposures and losses. “There could be other cascading failures that could emerge,” says Lucas Nuzzi, head of research and development at Coin Metrics, a research firm working on a report that may identify additional counterparties to FTX and Alameda.One immediate impact, of course, is sheer fear of crypto. Potential investors in start-ups are now more likely to shy away, says Antonio Juliano, CEO of dYdX, one of the largest decentralized-finance, or DeFi, exchanges. “This will decrease interest in crypto for the short to medium term,” he says.There may also be a chill on crypto demand as investors question whether their tokens, custodied through brokerages and exchanges, will be accessible in the event of a bankruptcy. FTX used customer assets for trading at Alameda without their knowledge, according to media reports. When Alameda couldn’t meet its obligations, it spilled over to FTX’s customer base.Equity brokerages and exchanges regulated by the SEC would never be allowed to use customer assets in that way. Those lines are largely absent in crypto, however. U.S. exchange are licensed by states as money-transfer businesses. And there is no regulatory body supervising operations of global exchanges like Bahamas-based FTX.Coinbase Global (COIN), the largest U.S.-based exchange, said this past week that “there can’t be a run on the bank” at the firm and that it lends customer assets only with approval.Nonetheless, the collapse of FTX underscores the market’s concentration in a handful of companies. And it reveals how even two of the big players can shake the foundations.FTX’s demise started when CoinDesk reported that Alameda’s balance sheet consisted partly of a token called FTT, which is used for trading and commissions on the FTX exchange. Days later, Changpeng Zhao, the leader of Binance—the world’s largest crypto exchange—said he planned to unload more than $500 million worth of FTT that his firm had acquired.With that, the run on FTX began. On Sunday, FTX saw $5 billion in customer withdrawals. Bankman-Fried then sought emerging funding to cover shortfalls, estimated at $8 billion. On Tuesday, Binance appeared to be a savior, signing a letter of intent to buy FTX. The next day, Binance pulled out, saying that “the issues are beyond our control or ability to help.”Bankman-Fried has said that he thought it likely that Zhao never intended to buy FTX. “Well played; you won,” he said on Twitter, in an apparent allusion to Zhao taking out a rival.FTX did not respond to a request for comment. Binance declined to comment.The regulatory fallout is just starting. Democrats in Congress are calling for hearings, and the White House has weighed in. “The most recent news...highlights why prudent regulation of cryptocurrencies is indeed needed,” press secretary Karine Jean-Pierre told reporters.U.S. enforcement agencies are now expanding inquiries. If the SEC alleges that FTX broke securities laws, it could create liability for the entire industry. “That’s what can really shake the industry,” says Tyler Gellasch, a former SEC senior counsel.Representatives for the SEC and the Commodity Futures Trading Commission declined to comment.Even if FTX’s troubles seem remote, the damage is likely to keep affecting tokens, brokerages like Coinbase and Robinhood, and the many banks, lenders, and tech companies trying to build crypto businesses.“FTX and SBF were these megawatt stars in crypto and had garnered a lot of trust, not just among institutional investors but also among regulators,” says Morningstar’s Madeline Hume, referring to Bankman-Fried. “The risk of contagion has never been higher.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910817630,"gmtCreate":1663594624620,"gmtModify":1676537297675,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9910817630","repostId":"2267651314","repostType":4,"repost":{"id":"2267651314","kind":"news","pubTimestamp":1663581480,"share":"https://ttm.financial/m/news/2267651314?lang=&edition=fundamental","pubTime":"2022-09-19 17:58","market":"us","language":"en","title":"What to Expect From the Federal Reserve Interest Rate Decision","url":"https://stock-news.laohu8.com/highlight/detail?id=2267651314","media":"NerdWallet","summary":"The Fed's next rate decision is due by Sept. 21. Here’s what financial experts say it could mean for","content":"<html><head></head><body><p>The Fed&#39;s next rate decision is due by Sept. 21. Here’s what financial experts say it could mean for markets and investors.</p><p><img src=\"https://static.tigerbbs.com/d599bbb5d3059e0a59aa316765eaad6f\" tg-width=\"1920\" tg-height=\"1152\" referrerpolicy=\"no-referrer\"/></p><p>The Federal Reserve’s job hasn’t been easy amid this year’s economic volatility.</p><p>The Consumer Price Index, a key inflation gauge, rose 8.3% year over year in August — well over the Fed’s 2% target. The stock market hasn’t been well-behaved either: The S&amp;P 500 index is down by more than 10% so far this year.</p><p>The Federal Open Market Committee is due to meet Sept. 20-21, when it will decide whether to raise interest rates for the fifth time this year — and by how much.</p><p>Here’s what economists and a financial planner have to say about what’s going into the decision, how the stock market might react, and what it means for long-term investors.</p><h2>Why is the Federal Reserve raising interest rates?</h2><p>In short, the Fed is considering raising interest rates again to reduce inflation. But it’s trying to do so in a way that doesn’t burden consumers and businesses.</p><p>According to Terrance Grieb, a professor of finance at the University of Idaho, the Federal Reserve’s operations follow a dual mandate. Its two responsibilities are “to provide price stability within the economy, and also to provide a healthy job market.”</p><p>“What they’re trying to do is set interest rates — which are a key component of monetary policy — in order to balance those two things against each other,” he says.</p><p>The federal funds rate, which is guided by the Federal Reserve’s Federal Open Market Committee, is the interest rate at which banks can borrow money from each other.</p><p>Banks earn profits by borrowing money at a low interest rate and then lending it out to customers at a higher rate. Changes to the federal funds rate trickle down through the banking system, influencing interest rates on a variety of things, including mortgages and bonds.</p><p>Higher interest rates decrease spending by making it more expensive to borrow money. That decreases demand for goods and services throughout the economy, then slows down the price increases that we call inflation.</p><p>But when the Fed raises interest rates, it also runs the risk of hurting the economy — and the stock market in particular — by slowing down spending too much.</p><p>“Corporations borrow a lot of money every day to run their businesses, and when it costs them more money to borrow, it means their profits go down. And if their profits go down, then their stock is not as attractive,” says Delia Fernandez, a Los Alamitos, California-based certified financial planner with Fernandez Financial Advisory.</p><h2>What are markets expecting from the next meeting?</h2><p>“The markets are clearly expecting a 0.75% increase in [the Fed’s] target for the federal funds rate,” says Grieb. He explains that stock market valuations can act as a predictor of future rates and that the current level of the S&amp;P 500 and similar indexes points toward a 0.75% increase.</p><p>“If we saw a 1% rise or 1.25%, I think the markets would react very badly to that. We would see stock prices decrease. And vice versa — if it were only 0.5%, the markets would react very strongly,” he says.</p><p>Grieb says that any decision other than a 0.75% rate increase would be a surprise — but that a higher increase might be slightly less of a shock than a lower one.</p><p>“Chairman [Jerome] Powell has been pretty clear that they feel the need to be aggressive about this,” Grieb says of the Federal Reserve chair.</p><p>Keith Jakob, a professor of finance at the University of Montana, says that if rates go up by the expected 0.75%, the market reaction may be driven by what the Fed says about expectations for the next FOMC meeting in early November.</p><p>If the Fed hints that more increases are ahead, that could push markets down. But if it doesn&#39;t, markets could rise.</p><p>“If they say, ‘Yeah, we’re doing 0.75% but we think that’s enough,’ that maybe would lead to the market saying, ‘OK, let’s have a relief rally because we think they’re finished raising rates,’” Jakob says.</p><h2>How do the August inflation numbers affect the decision?</h2><p>On Sept. 13, the Bureau of Labor Statistics reported inflation numbers for the month of August that were higher than economists’ expectations. In response, the S&amp;P 500 and other major stock indexes fell by several percentage points.</p><p>“There was a grain of hope in the markets that inflation was going to start cooling more quickly,” Grieb says. That might have given the Fed the opportunity to be more gentle with its interest rate increases.</p><p>But Grieb says that the higher-than-anticipated inflation numbers show that “the Fed will have to stick to its guns,” with an aggressive course of interest rate increases in the near future — hence the negative stock market reaction.</p><p>“The markets are realizing that the aggressive path the Fed has laid out — they don’t have much room to adjust that,” he says.</p><h2>Should long-term investors pay attention to Fed interest rate policy?</h2><p>Fernandez says no.</p><p>“They should ignore the news, they should ignore the ups and downs, they should know that they’re in it for the long term,” she says.</p><p>Ideally, Fernandez says, investors should be making small, but frequent contributions to their investment accounts over time (for example, a set amount from each paycheck).</p><p>This approach, which is called dollar-cost averaging, can help them buy into investments at lower prices during periods of turmoil.</p></body></html>","source":"lsy1663581368258","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect From the Federal Reserve Interest Rate Decision</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Expect From the Federal Reserve Interest Rate Decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-19 17:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nerdwallet.com/article/investing/what-to-expect-federal-reserve-interest-rate-decision><strong>NerdWallet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Fed's next rate decision is due by Sept. 21. Here’s what financial experts say it could mean for markets and investors.The Federal Reserve’s job hasn’t been easy amid this year’s economic ...</p>\n\n<a href=\"https://www.nerdwallet.com/article/investing/what-to-expect-federal-reserve-interest-rate-decision\">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",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.nerdwallet.com/article/investing/what-to-expect-federal-reserve-interest-rate-decision","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267651314","content_text":"The Fed's next rate decision is due by Sept. 21. Here’s what financial experts say it could mean for markets and investors.The Federal Reserve’s job hasn’t been easy amid this year’s economic volatility.The Consumer Price Index, a key inflation gauge, rose 8.3% year over year in August — well over the Fed’s 2% target. The stock market hasn’t been well-behaved either: The S&P 500 index is down by more than 10% so far this year.The Federal Open Market Committee is due to meet Sept. 20-21, when it will decide whether to raise interest rates for the fifth time this year — and by how much.Here’s what economists and a financial planner have to say about what’s going into the decision, how the stock market might react, and what it means for long-term investors.Why is the Federal Reserve raising interest rates?In short, the Fed is considering raising interest rates again to reduce inflation. But it’s trying to do so in a way that doesn’t burden consumers and businesses.According to Terrance Grieb, a professor of finance at the University of Idaho, the Federal Reserve’s operations follow a dual mandate. Its two responsibilities are “to provide price stability within the economy, and also to provide a healthy job market.”“What they’re trying to do is set interest rates — which are a key component of monetary policy — in order to balance those two things against each other,” he says.The federal funds rate, which is guided by the Federal Reserve’s Federal Open Market Committee, is the interest rate at which banks can borrow money from each other.Banks earn profits by borrowing money at a low interest rate and then lending it out to customers at a higher rate. Changes to the federal funds rate trickle down through the banking system, influencing interest rates on a variety of things, including mortgages and bonds.Higher interest rates decrease spending by making it more expensive to borrow money. That decreases demand for goods and services throughout the economy, then slows down the price increases that we call inflation.But when the Fed raises interest rates, it also runs the risk of hurting the economy — and the stock market in particular — by slowing down spending too much.“Corporations borrow a lot of money every day to run their businesses, and when it costs them more money to borrow, it means their profits go down. And if their profits go down, then their stock is not as attractive,” says Delia Fernandez, a Los Alamitos, California-based certified financial planner with Fernandez Financial Advisory.What are markets expecting from the next meeting?“The markets are clearly expecting a 0.75% increase in [the Fed’s] target for the federal funds rate,” says Grieb. He explains that stock market valuations can act as a predictor of future rates and that the current level of the S&P 500 and similar indexes points toward a 0.75% increase.“If we saw a 1% rise or 1.25%, I think the markets would react very badly to that. We would see stock prices decrease. And vice versa — if it were only 0.5%, the markets would react very strongly,” he says.Grieb says that any decision other than a 0.75% rate increase would be a surprise — but that a higher increase might be slightly less of a shock than a lower one.“Chairman [Jerome] Powell has been pretty clear that they feel the need to be aggressive about this,” Grieb says of the Federal Reserve chair.Keith Jakob, a professor of finance at the University of Montana, says that if rates go up by the expected 0.75%, the market reaction may be driven by what the Fed says about expectations for the next FOMC meeting in early November.If the Fed hints that more increases are ahead, that could push markets down. But if it doesn't, markets could rise.“If they say, ‘Yeah, we’re doing 0.75% but we think that’s enough,’ that maybe would lead to the market saying, ‘OK, let’s have a relief rally because we think they’re finished raising rates,’” Jakob says.How do the August inflation numbers affect the decision?On Sept. 13, the Bureau of Labor Statistics reported inflation numbers for the month of August that were higher than economists’ expectations. In response, the S&P 500 and other major stock indexes fell by several percentage points.“There was a grain of hope in the markets that inflation was going to start cooling more quickly,” Grieb says. That might have given the Fed the opportunity to be more gentle with its interest rate increases.But Grieb says that the higher-than-anticipated inflation numbers show that “the Fed will have to stick to its guns,” with an aggressive course of interest rate increases in the near future — hence the negative stock market reaction.“The markets are realizing that the aggressive path the Fed has laid out — they don’t have much room to adjust that,” he says.Should long-term investors pay attention to Fed interest rate policy?Fernandez says no.“They should ignore the news, they should ignore the ups and downs, they should know that they’re in it for the long term,” she says.Ideally, Fernandez says, investors should be making small, but frequent contributions to their investment accounts over time (for example, a set amount from each paycheck).This approach, which is called dollar-cost averaging, can help them buy into investments at lower prices during periods of turmoil.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010122952,"gmtCreate":1648298437481,"gmtModify":1676534326171,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"like many thanks","listText":"like many thanks","text":"like many thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010122952","repostId":"1196027616","repostType":4,"repost":{"id":"1196027616","kind":"news","pubTimestamp":1648255536,"share":"https://ttm.financial/m/news/1196027616?lang=&edition=fundamental","pubTime":"2022-03-26 08:45","market":"us","language":"en","title":"Stock-Market Investors Should Watch the \"Best Leading Indicator of Trouble Ahead\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1196027616","media":"MarketWatch","summary":"Investors have been watching the U.S. Treasury yield curve for inversions, a reliable predictor of p","content":"<html><head></head><body><p>Investors have been watching the U.S. Treasury yield curve for inversions, a reliable predictor of past economic downturns.</p><p>They don’t always agree on which part of the curve is best to watch though.</p><p>“Yield curve inversion, and flatting, has been at the forefront for everyone,” said Pete Duffy, chief investment officer at Penn Capital Management Company, in Philadelphia, by phone.</p><p>“That’s because the Fed is so active and rates suddenly have gone up so quickly.”</p><p>An inversion of the yield curve happens when rates on longer bonds fall below those of shorter-term debt, a sign that investors think economic woes could lie ahead. Fears of an economic slowdown have been mounting as the Federal Reserve starts to tighten financial conditions while Russia’s Ukraine invasion threatens to keep key drivers of U.S. inflation high.</p><p>Lately, the attention has been on the 10-year Treasury yield TMUBMUSD10Y, 2.478% and shorter 2-year yield, where the spread fell to 13 basis points on Tuesday, up from a high of about 130 basis points five months ago.</p><p>Read: The yield curve is speeding toward inversion — here’s what investors need to know</p><p>But that’s not the only plot on the Treasury yield curve investors closely watch. The Treasury Department sells securities that mature in a range from a few days to 30 years, providing a lot of plots on the curve to follow.</p><p>“The focus has been on the 10s and 2s,” said Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, in Horsham, Penn, a northern suburb of Philadelphia.</p><p>“I will hold out until the 10s to 3-month bills inverts before I turn too negative on the economic outlook,” he said, calling it “the best leading indicator of trouble ahead.”</p><h2>Watch 10-year, 3-month</h2><p>Instead of falling, that spread climbed in March, continuing its path higher since turning negative two years ago at the onset of the pandemic (see chart).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7fe28818cd1806ee5afd5519332cf483\" tg-width=\"700\" tg-height=\"579\" width=\"100%\" height=\"auto\"/><span>The 3-month to 10-year yield spread is climbing Bloomberg data, Goelzer Investment Management</span></p><p>“The 3-month Treasury bill really tracks the Federal Reserve’s target rate,” said Gavin Stephens, director of portfolio management at Goelzer Investment Management in Indiana, by phone.</p><p>“So it gives you a more immediate picture of if the Federal Reserve has entered a restrictive state in terms of monetary policy and, thus, giving the possibility that economic growth is going to contract, which would be bad for stocks.”</p><p>Stocks were lower Friday, but with the S&amp;P 500 index SPX, +0.51% and the Nasdaq Composite Index COMP, -0.16% still up about 1.2% on the week. The three major indexes were 4.5% to 10.1% lower so far in 2022, according to FactSet.</p><p>By watching the 10s and 2s TMUBMUSD02Y, 2.280% spread, “You are looking at the expectations of where Fed Reserve interest rate policy is going to be over a period of two years,” Stephens said. “So, effectively, it’s working with a lag.”</p><p>On average, from the time the 10s and 2s curve inverts, until “there’s a recession, it’s almost two years,” he said, predicting that with unemployment recently pegged around 3.8% that, “this curve is going to invert when the economy is really strong.”</p><p>The Federal Reserve Bank of San Francisco also called the 3-month TMUBMUSD03M, 0.535% and 10-year curve relationship its “preferred spread measure because it has the strongest predictive power for future recessions,” such as in 2019, back when the yield curve was more regularly flashing recession warning signs.</p><p>“Did it see COVID coming?” Duffy said, of earlier yield curve inversions.</p><p>A more likely catalyst was that investors already were on a recession watch, with the American economy in its longest expansion period on record.</p><p>“There are a number of these curves that you need to look at in totality,” Duffy said. “We’ve always said look at many signals.”</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock-Market Investors Should Watch the \"Best Leading Indicator of Trouble Ahead\"</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\">\nStock-Market Investors Should Watch the \"Best Leading Indicator of Trouble Ahead\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-26 08:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-this-part-of-the-treasury-yield-curve-may-be-the-best-leading-indicator-of-trouble-ahead-11648210025?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have been watching the U.S. Treasury yield curve for inversions, a reliable predictor of past economic downturns.They don’t always agree on which part of the curve is best to watch though.“...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-this-part-of-the-treasury-yield-curve-may-be-the-best-leading-indicator-of-trouble-ahead-11648210025?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/why-this-part-of-the-treasury-yield-curve-may-be-the-best-leading-indicator-of-trouble-ahead-11648210025?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196027616","content_text":"Investors have been watching the U.S. Treasury yield curve for inversions, a reliable predictor of past economic downturns.They don’t always agree on which part of the curve is best to watch though.“Yield curve inversion, and flatting, has been at the forefront for everyone,” said Pete Duffy, chief investment officer at Penn Capital Management Company, in Philadelphia, by phone.“That’s because the Fed is so active and rates suddenly have gone up so quickly.”An inversion of the yield curve happens when rates on longer bonds fall below those of shorter-term debt, a sign that investors think economic woes could lie ahead. Fears of an economic slowdown have been mounting as the Federal Reserve starts to tighten financial conditions while Russia’s Ukraine invasion threatens to keep key drivers of U.S. inflation high.Lately, the attention has been on the 10-year Treasury yield TMUBMUSD10Y, 2.478% and shorter 2-year yield, where the spread fell to 13 basis points on Tuesday, up from a high of about 130 basis points five months ago.Read: The yield curve is speeding toward inversion — here’s what investors need to knowBut that’s not the only plot on the Treasury yield curve investors closely watch. The Treasury Department sells securities that mature in a range from a few days to 30 years, providing a lot of plots on the curve to follow.“The focus has been on the 10s and 2s,” said Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, in Horsham, Penn, a northern suburb of Philadelphia.“I will hold out until the 10s to 3-month bills inverts before I turn too negative on the economic outlook,” he said, calling it “the best leading indicator of trouble ahead.”Watch 10-year, 3-monthInstead of falling, that spread climbed in March, continuing its path higher since turning negative two years ago at the onset of the pandemic (see chart).The 3-month to 10-year yield spread is climbing Bloomberg data, Goelzer Investment Management“The 3-month Treasury bill really tracks the Federal Reserve’s target rate,” said Gavin Stephens, director of portfolio management at Goelzer Investment Management in Indiana, by phone.“So it gives you a more immediate picture of if the Federal Reserve has entered a restrictive state in terms of monetary policy and, thus, giving the possibility that economic growth is going to contract, which would be bad for stocks.”Stocks were lower Friday, but with the S&P 500 index SPX, +0.51% and the Nasdaq Composite Index COMP, -0.16% still up about 1.2% on the week. The three major indexes were 4.5% to 10.1% lower so far in 2022, according to FactSet.By watching the 10s and 2s TMUBMUSD02Y, 2.280% spread, “You are looking at the expectations of where Fed Reserve interest rate policy is going to be over a period of two years,” Stephens said. “So, effectively, it’s working with a lag.”On average, from the time the 10s and 2s curve inverts, until “there’s a recession, it’s almost two years,” he said, predicting that with unemployment recently pegged around 3.8% that, “this curve is going to invert when the economy is really strong.”The Federal Reserve Bank of San Francisco also called the 3-month TMUBMUSD03M, 0.535% and 10-year curve relationship its “preferred spread measure because it has the strongest predictive power for future recessions,” such as in 2019, back when the yield curve was more regularly flashing recession warning signs.“Did it see COVID coming?” Duffy said, of earlier yield curve inversions.A more likely catalyst was that investors already were on a recession watch, with the American economy in its longest expansion period on record.“There are a number of these curves that you need to look at in totality,” Duffy said. “We’ve always said look at many signals.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002483017,"gmtCreate":1642068736100,"gmtModify":1676533677718,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>piece of advice : stay away from china concept stocks if possible. i’m down 58% for buying tiger and futu stocks","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>piece of advice : stay away from china concept stocks if possible. i’m down 58% for buying tiger and futu stocks","text":"$Tiger Brokers(TIGR)$piece of advice : stay away from china concept stocks if possible. i’m down 58% for buying tiger and futu stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002483017","isVote":1,"tweetType":1,"viewCount":1710,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576469650822596","authorId":"3576469650822596","name":"FattyLau","avatar":"https://static.tigerbbs.com/5db5b4ba7e4ff3b7d1744dc8146f1210","crmLevel":2,"crmLevelSwitch":0,"idStr":"3576469650822596","authorIdStr":"3576469650822596"},"content":"Small cap stocks all down from the peak. Some even down up to 50%. Market bearish.","text":"Small cap stocks all down from the peak. Some even down up to 50%. Market bearish.","html":"Small cap stocks all down from the peak. Some even down up to 50%. Market bearish."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987755972,"gmtCreate":1668004255196,"gmtModify":1676537997355,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9987755972","repostId":"1157692624","repostType":4,"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196223094,"gmtCreate":1621059634818,"gmtModify":1704352597585,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like and comment. Thanks","listText":"Like and comment. Thanks","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/196223094","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","kind":"news","pubTimestamp":1621004581,"share":"https://ttm.financial/m/news/1163454382?lang=&edition=fundamental","pubTime":"2021-05-14 23:03","market":"us","language":"en","title":"Why AMC Entertainment Stock Jumped Again Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1163454382","media":"Motley Fool","summary":"AMC investors have reason for more optimism on the heels of another capital raise.Yesterday's jump came after the company announcedit raised $428 million. First, the Centers for Disease Control and Prevention  issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.This should allow theaters to open back up at full capacity and be a desirable destination for vaccinat","content":"<blockquote>\n <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>\n</blockquote>\n<p><b>What happened</b></p>\n<p>A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p>\n<p><b>So what</b></p>\n<p>Yesterday's jump came after the company announcedit raised $428 million</p>\n<p>First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p>\n<p>This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p>\n<p><b>Now what</b></p>\n<p>Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p>\n<p>Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</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>Why AMC Entertainment Stock Jumped Again Friday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC Entertainment Stock Jumped Again Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163454382","content_text":"AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company announcedit raised $428 million\nFirst, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.\nThis should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,Walt Disney(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.\nNow what\nLower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.\nVaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575250490180762","authorId":"3575250490180762","name":"Junhao69","avatar":"https://static.tigerbbs.com/2ccfbf325996f9650dbcf6cb4644b476","crmLevel":5,"crmLevelSwitch":0,"idStr":"3575250490180762","authorIdStr":"3575250490180762"},"content":"Pls reply to comment. Thanks","text":"Pls reply to comment. Thanks","html":"Pls reply to comment. Thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376760876,"gmtCreate":1619149499595,"gmtModify":1704720414463,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Comment and like. Thanks","listText":"Comment and like. Thanks","text":"Comment and like. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/376760876","repostId":"1141178573","repostType":4,"repost":{"id":"1141178573","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619147275,"share":"https://ttm.financial/m/news/1141178573?lang=&edition=fundamental","pubTime":"2021-04-23 11:07","market":"us","language":"en","title":"Biden to float historic tax increase on investment gains for the rich","url":"https://stock-news.laohu8.com/highlight/detail?id=1141178573","media":"Reuters","summary":"President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the l","content":"<p>President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.</p><p>The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.</p><p>That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.</p><p>News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&amp;P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.</p><p>Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.</p><p>\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.</p><p>Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.</p><p>Biden has promised not to raise taxes on households earning less than $400,000.</p><p>Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.</p><p>White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.</p><p>She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.</p><p>\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.</p><p><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b90dcdfac3c849d0483fcf1eaee00814\" tg-width=\"7824\" tg-height=\"5219\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"></p><p><i>U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom Brenner</i></p><p>She said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.</p><p>Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.</p><p><b>CAPITAL GAINS</b></p><p>Biden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.</p><p>Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.</p><p>Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.</p><p>Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.</p><p>\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.</p><p>Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.</p><p>Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.</p><p>Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.</p><p>For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.</p><p><b>Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax Rate</b></p><p>Today the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).</p><p>Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that<b>\"Congress will settle on a more modest increase, potentially around 28%.\"</b>As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"</p><p>1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.<b>We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.</b>This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.</p><p><b>2. We expect Congress will pass a scaled back version of this tax increase.</b>While it is possible that Congress might pass the proposal in its entirety,<b>we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.</b>This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.</p><p>3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,<b>comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue</b>.</p><p>4. It is unclear when the higher rate would be effective, but we see three main options.</p><ul><li>First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.</li><li>A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.</li><li>The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.</li></ul><p>While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).</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>Biden to float historic tax increase on investment gains for the rich</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\">\nBiden to float historic tax increase on investment gains for the rich\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-23 11:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.</p><p>The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.</p><p>That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.</p><p>News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&amp;P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.</p><p>Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.</p><p>\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.</p><p>Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.</p><p>Biden has promised not to raise taxes on households earning less than $400,000.</p><p>Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.</p><p>White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.</p><p>She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.</p><p>\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.</p><p><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b90dcdfac3c849d0483fcf1eaee00814\" tg-width=\"7824\" tg-height=\"5219\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ac23774dc0b788c1569e6bfa03da03d\" tg-width=\"6754\" tg-height=\"4701\" referrerpolicy=\"no-referrer\"></p><p><i>U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom Brenner</i></p><p>She said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.</p><p>Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.</p><p><b>CAPITAL GAINS</b></p><p>Biden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.</p><p>Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.</p><p>Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.</p><p>Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.</p><p>\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.</p><p>Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.</p><p>Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.</p><p>Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.</p><p>For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.</p><p><b>Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax Rate</b></p><p>Today the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).</p><p>Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that<b>\"Congress will settle on a more modest increase, potentially around 28%.\"</b>As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"</p><p>1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.<b>We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.</b>This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.</p><p><b>2. We expect Congress will pass a scaled back version of this tax increase.</b>While it is possible that Congress might pass the proposal in its entirety,<b>we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.</b>This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.</p><p>3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,<b>comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue</b>.</p><p>4. It is unclear when the higher rate would be effective, but we see three main options.</p><ul><li>First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.</li><li>A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.</li><li>The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.</li></ul><p>While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141178573","content_text":"President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.News of the proposal- which was a staple of Biden’s presidential campaign platform - triggered sharp declines on Wall Street, with the benchmark S&P 500 index(.SPX)down 1% in early afternoon, its steepest drop in more than a month.Any such hike would need to go through Congress, where Biden's Democratic Party holds narrow majorities and is unlikely to win support from Republicans. It is also unclear if it would have the unanimous backing of congressional Democrats, which would be essential in the Senate where each party holds 50 seats.\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC, referring to stock market indexes.Sources said details would be released next week before Biden's address to Congress on Wednesday. Details of the plan may change in coming days. White House officials are debating other possible tax increases that could ultimately be included such as capping deductions for wealthy taxpayers or increasing the estate tax, sources told Reuters.Biden has promised not to raise taxes on households earning less than $400,000.Tax details related to the plan, which has been in the works for months, were first reported by the New York Times on Thursday morning.White House press secretary Jen Psaki said the president would discuss his \"American Families Plan\" during his speech to Congress but declined to comment on any details.She said the administration had not yet finalized funding plans but stressed Biden's determination to make the wealthy and companies pay for new programs.\"His view is that that should be on the backs ... of the wealthiest Americans who can afford it and corporations and businesses who can afford it,\" Psaki said.U.S. President Joe Biden speaks in the Cross Hall at the White House in Washington, U.S., April 20, 2021. REUTERS/Tom BrennerShe said Biden and his economic team did not believe the measures would have a negative impact on investment in the United States.Yields on Treasuries, which move in the opposite direction to their price, fell to the day's low.CAPITAL GAINSBiden's new plan, likely to generate about $1 trillion, comes after a $2.3 trillion jobs and infrastructure proposal that has already run into stiff opposition from Republicans. They generally support funding infrastructure projects but oppose Biden's inclusion of priorities like expanding eldercare and asking corporate America to pay the tab.Tax hikes on the wealthy could harden Republicans' resistance against Biden's latest \"human\" infrastructure plan, forcing Democrats to consider pushing it - or least some of the measures - through Congress using a party-line budget vote known as reconciliation.Senator Joe Manchin, a moderate Democrat from West Virginia who wields outsize power due to the party's slim majority, said recently said he was wary of expanding the use of reconciliation.Biden's proposal should be viewed as an aggressive negotiating tactic, said Steve Chiavarone, a portfolio manager and equity strategist at Federated Hermes.\"You should expect that you will get at least initially the biggest, baddest, most progressive policy proposals with the understanding that they won't get everything they want but define the scope of the negotiation. Maybe Biden doesn’t get 39%, he will get 29%\" tax rate, he said.Wealthy Americans could face an overall federal capital gains tax rate of 43.4% including the 3.8% net investment tax on individuals with income of $200,000 or more ($250,000 married filing jointly). The latter helps fund the Affordable Care Act, popularly known as Obamacare.Currently, those earning more than $200,000 pay a capital gains rate of about 23.8% including the Obamacare net investment tax instituted as part of that law. For tax year 2021, the top marginal tax rate remains 37% for individual single taxpayers with incomes greater than $523,600 and $628,300 for married couples filing jointly.Erica York, an economist at the Tax Foundation, said the proposal would put U.S. capital gains taxes at the top of the global charts. Average capital gains taxes in Europe are around 19.3%, and the highest rate there is in Denmark, which collects 42%. France and Finland charge 34%.For residents of some states and cities that assess their own capital gains levy, Biden’s plan would push the total capital gains rate to more than 50%, York said. The rate would rise to 56.7% in California, 68.2% in New York City and 57.3% in Portland, Oregon, York said.Goldman Says \"No Surprise\" In Biden Cap Gains Proposal, Sees Congress Settling On 28% Tax RateToday the market freaked out when Bloomberg reported that the Biden Administration will propose to tax capital gains at the top ordinary income tax rate (39.6%, or 43.4% when the existing 3.8% tax on net investment income tax is added).Well, according to Goldman, this is nothing more than the latest pipe dream trial balloon from progressives, one which won't actually take place and instead has been floated to set the negotiation \"ask\", with Goldman expecting that\"Congress will settle on a more modest increase, potentially around 28%.\"As such there are no actual \"surprises\" in the proposal which has been floated in this exact format previously, and while it remains unclear when the tax rate increase would be effective, the bank's economists \"think it is unlikely to apply to gains realized before May, and an increase effective Jan. 1, 2022 is more likely.\"1.Bloomberg hasreportedthat the Biden Administration will propose to raise the federal capital gains tax rate to 39.6%, also the top marginal income tax rate under President Biden’s proposal. In addition to 3.8% tax on net investment income that Congress established in 2009, the combined rate would be 43.4%.We had expected the President to propose this as part of his “American Families Plan” and the proposal comes as no surprise.This proposal would apply to taxpayers with annual incomes over $1 million, and would likely also apply to qualified dividends, which are currently taxed at the same rate as capital gains. We note that the Biden campaign also proposed eliminating the step-up in basis on inherited assets, which would result in much larger taxable gains on those assets once sold.2. We expect Congress will pass a scaled back version of this tax increase.While it is possible that Congress might pass the proposal in its entirety,we think a moderated version is more likely in light of the razor-thin majorities in the House and Senate. At 43.4%, long-term capital gains would be taxed at the highest rate in the more than 100 years since Congress established the income tax. A 28% rate looks most likely, in our view, as it is roughly halfway between the current rate and Biden’s likely proposal.This is also the rate that President Reagan and a Democratic House settled on a few decades ago when raising the tax from 20%.3. The issue will likely remain in flux over the next several months. We expect President Biden to discuss the issue among many other topics when he addresses a joint session of Congress on April 28. By early May, the Biden Administration might also release its full fiscal year 2022 budget submission to Congress, which would provide more details on tax proposals including capital gains. However, the timing of this release remains unclear. In the interim,comments from centrist Senate Democrats, such as Sens. Joe Manchin (D-W Va.) and Kyrsten Sinema (D-Ariz.),could clarify where key swing voters might come out on the issue.4. It is unclear when the higher rate would be effective, but we see three main options.First, Congress has occasionally made tax policies effective as of the date when the bill is introduced in the House of Representatives. This would likely be no earlier than May.A second option would be to make the higher tax rate effective for gains realized after the bill is enacted into law, which we think will be sometime between July and September.The third option would be an increase effective on January 1, 2022. We note that the last time Congress legislated an increase in the rate, the policy became law in October 1986 but the increase did not take effect until January 1987.While a retroactive increase cannot be ruled out entirely, we believe it is very unlikely that it would apply to gains realized before May 2021 (at earliest).","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574733449308397","authorId":"3574733449308397","name":"XuanCheng","avatar":"https://static.tigerbbs.com/41b6cec94c3af2e6cd0e5a930ba6b95b","crmLevel":5,"crmLevelSwitch":0,"idStr":"3574733449308397","authorIdStr":"3574733449308397"},"content":"comment and like liao","text":"comment and like liao","html":"comment and like liao"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190030793,"gmtCreate":1620549700012,"gmtModify":1704344888448,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like and comment. Thanks&nbsp;","listText":"Like and comment. Thanks&nbsp;","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/190030793","repostId":"1106882084","repostType":4,"repost":{"id":"1106882084","kind":"news","pubTimestamp":1620451121,"share":"https://ttm.financial/m/news/1106882084?lang=&edition=fundamental","pubTime":"2021-05-08 13:18","market":"us","language":"en","title":"US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1106882084","media":"renaissancecap...","summary":"Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings.The largest deal of the week,Enact Holdings plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.Cros","content":"<p>Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance company<b>Enact Holdings</b>(ACT).</p>\n<p>The largest deal of the week,<b>Enact Holdings</b>(ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.</p>\n<p>Cross-border e-commerce platform<b>Global-E Online</b>(GLBE) plans to raise $360 million at a $4.0 billion market cap. The company states that it has built the world’s leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. Fast growing and profitable in 2020, Global-E has over 400 merchants on its platform and currently supports transactions in over 200 markets worldwide.</p>\n<p>Hearing care services provider<b>hear.com</b>(HCG) plans to raise $300 million at a $2.1 billion market cap. The company’s data-driven approach to hearing care enables them to deliver a personalized experience and respond to customer needs in real time. While its conversion rate fell slightly in the FY20, hear.com saw 25%+ increases in both appointments and total customer sales.</p>\n<p>Brazilian customer experience platform<b>Zenvia</b>(ZENV) plans to raise $213 million at a $607 million market cap. The company’s software platform facilitated the flow of communication for more than 9,400 customers throughout Latin America as of December 31, 2020. While it achieved a standalone net revenue expansion rate of over 110%, Zenvia’s EBIT turned negative in 2020.</p>\n<p>Israeli web analytics provider<b>Similarweb</b>(SMWB) plans to raise $160 million at a $1.7 billion market cap. The company has blue-chip customers across a variety of industries, and they include marketers, strategy teams, salespeople, analysts, and investors. Similarweb has demonstrated growth, though it remains small and unprofitable with widening losses.</p>\n<p>Online hydroponic equipment supplier<b>iPower</b>(IPW) plans to raise $24 million at a $202 million market cap. Fast growing and profitable, the company sells equipment that enables its customers to grow fruits, vegetables, flowers, and other plants, including cannabis, through its own website and third party retailers like Amazon, eBay, and Walmart.</p>\n<p>Canadian cannabis products developer<b>Flora Growth</b>(FLGC) plans to raise $15 million at a $221 million market cap. Flora Growth cultivates and processes medical-grade cannabis oil and other cannabis derived products in Colombia. Flora Growth is highly unprofitable, and it just began generating revenues this past August.</p>\n<p><img src=\"https://static.tigerbbs.com/57e90b667064a33ea39693340582c44c\" tg-width=\"1064\" tg-height=\"646\"></p>","source":"lsy1619493174116","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO 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\">\nUS IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I><strong>renaissancecap...</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings(ACT).\nThe largest deal of the week,Enact Holdings(ACT) plans to raise $497 ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I\">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.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106882084","content_text":"Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings(ACT).\nThe largest deal of the week,Enact Holdings(ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.\nCross-border e-commerce platformGlobal-E Online(GLBE) plans to raise $360 million at a $4.0 billion market cap. The company states that it has built the world’s leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. Fast growing and profitable in 2020, Global-E has over 400 merchants on its platform and currently supports transactions in over 200 markets worldwide.\nHearing care services providerhear.com(HCG) plans to raise $300 million at a $2.1 billion market cap. The company’s data-driven approach to hearing care enables them to deliver a personalized experience and respond to customer needs in real time. While its conversion rate fell slightly in the FY20, hear.com saw 25%+ increases in both appointments and total customer sales.\nBrazilian customer experience platformZenvia(ZENV) plans to raise $213 million at a $607 million market cap. The company’s software platform facilitated the flow of communication for more than 9,400 customers throughout Latin America as of December 31, 2020. While it achieved a standalone net revenue expansion rate of over 110%, Zenvia’s EBIT turned negative in 2020.\nIsraeli web analytics providerSimilarweb(SMWB) plans to raise $160 million at a $1.7 billion market cap. The company has blue-chip customers across a variety of industries, and they include marketers, strategy teams, salespeople, analysts, and investors. Similarweb has demonstrated growth, though it remains small and unprofitable with widening losses.\nOnline hydroponic equipment supplieriPower(IPW) plans to raise $24 million at a $202 million market cap. Fast growing and profitable, the company sells equipment that enables its customers to grow fruits, vegetables, flowers, and other plants, including cannabis, through its own website and third party retailers like Amazon, eBay, and Walmart.\nCanadian cannabis products developerFlora Growth(FLGC) plans to raise $15 million at a $221 million market cap. Flora Growth cultivates and processes medical-grade cannabis oil and other cannabis derived products in Colombia. Flora Growth is highly unprofitable, and it just began generating revenues this past August.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938503617,"gmtCreate":1662624770239,"gmtModify":1676537103900,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9938503617","repostId":"1154244543","repostType":4,"repost":{"id":"1154244543","kind":"news","pubTimestamp":1662650625,"share":"https://ttm.financial/m/news/1154244543?lang=&edition=fundamental","pubTime":"2022-09-08 23:23","market":"us","language":"en","title":"Apple: Delivering For Everyone","url":"https://stock-news.laohu8.com/highlight/detail?id=1154244543","media":"Seeking Alpha","summary":"SummaryNewest set of iPhones unveiled on Wednesday.Apple didn't raise prices as some were expecting.Finding a balance is the best way to go.On Wednesday, technology giant Apple (NASDAQ:AAPL) held its ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Newest set of iPhones unveiled on Wednesday.</li><li>Apple didn&#39;t raise prices as some were expecting.</li><li>Finding a balance is the best way to go.</li></ul><p>On Wednesday, technology giant Apple (NASDAQ:AAPL) held its much anticipated September product unveiling event. This year, expectations had been a little muted as consumers grapple with high inflation, so device pricing was going to be the key theme. In the end, Apple delivered with something for everyone, which could set up the company nicely for the holiday season.</p><p>Let me start with some of the non-core products. Apple Watch Series 8 features a new temperature sensor along with some other tracking features, plus car crash detection. The company unveiled a new entry level SE version that goes for $249, which has a 30% larger face and is 20% faster. Consumers are also being treated to a new Ultra version that starts at $799, which is larger and has better battery life, while being geared towards the extreme fitness crowd. A second generation of the AirPods Pro was also unveiled, featuring a new chip and much improved audio.</p><p>Of course, the star of the show was going to be the new series of iPhones. As expected, the new iPhone 14 and 14 Plus are 6.1 and 6.7 inches, respectively, and contain last year&#39;s A15 Bionic chip. These phones, along with the Watch, have a new service using Globalstar (GSAT) satellites for emergency use. The Plus model has the best battery life ever in an iPhone according to the company, while these two entry level devices feature a much improved camera system. The 14 will be available on September 16th, which gives it more than a week of sales in the current fiscal Q4 period, while the 14 Plus isn&#39;t available until October 7th.</p><p>As for the Pro versions, they have a pill-like space at the top of the screen, known as the Dynamic Island, that changes based on the type of notification or action that is occurring, such as charging a phone or playing music. These models have an always-on display, along with a brighter screen and 48 megapixel camera sensor, and feature the newest chipset, the A16 Bionic. Perhaps the biggest news for the iPhone on Wednesday was pricing, which can be seen in the graphic below.</p><p><img src=\"https://static.tigerbbs.com/1c8e821dde238518c28185b25f2325eb\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\"/></p><p>Yearly iPhone Lineup(Apple Store)</p><p>There were a handful of reports in recent weeks and months that Apple may increase prices this year, primarily due to inflation. Lately, these rumors seemed to focus more on the Pro versions only, but it turns out we didn&#39;t get any true price increases. Apple is swapping the mini for the Plus, which is a positive for average selling prices, along with the 12 this year being more expensive than the 11 was last year. For those looking for some value, the base 13 mini and regular 13 have double the storage than their year earlier counterparts did last year at the same price.</p><p>The key for Apple here in my opinion is that it is improving its effort to provide something for everyone. Look at what the company did with the Watch. It has its primary version of the device, a cheaper &#34;SE&#34; model, and now a premium Ultra model. This year, Apple has separated the Pro versions of the iPhone a bit more from their entry level counterparts, given the higher end models get the newest chipsets, yet they didn&#39;t get an added price boost. As some of the early analyst comments suggest, Apple delivered modest upgrades this year, so it didn&#39;t take advantage of the consumer by raising prices in a tough inflation environment.</p><p>While it may not be as important as it used to be, the iPhone is still the dominant product line for Apple. In the first nine months of the current fiscal year, which ends later this month, sales of the smartphone represented more than 54.2% of the company&#39;s revenues. That&#39;s actually up a little over the prior year&#39;s first three quarters, as supply chain issues have pressured sales of other devices. As the graphic below shows, the iPhone has still shown some decent revenue growth over the longer term. The 2022 number below with an asterisk is my current estimate, and the key here is that the iPhone could be about to report its first $200 billion fiscal sales year.</p><p><img src=\"https://static.tigerbbs.com/083d5c88f3f6da4fcaea39de2dc047d0\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\"/></p><p>Fiscal Year iPhone Revenues(Company Filings)</p><p>It was just a couple of weeks ago where Apple shares were north of $175 and the financial media was talking about a new all-time high potentially coming soon. However, the market has pulled back on fears that the Fed will need to continue its aggressiveness to slow down inflation. September is also the month where the Fed&#39;s maximum balance sheet runoff amount doubles. Thanks to the pullback, the average price target now represents decent upside for Apple shares, but this is a very tough environment to recommend going long almost any name.</p><p>In the end, my key takeaway from Apple&#39;s event on Wednesday was that the company wants to deliver for everyone. The company broadened the Watch lineup by introducing a new Ultra model, while also providing further separation between the Pro and non-Pro models of the iPhone. While there were concerns that Apple could raise smartphone prices, it kept things mostly in check, other than the switch out of the mini for the new Plus model. The company certainly delivered the goods, so now investors will be watching to see how responsive the consumer is.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Delivering For Everyone</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: Delivering For Everyone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-08 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4539596-apple-stock-delivering-for-everyone?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A1><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNewest set of iPhones unveiled on Wednesday.Apple didn't raise prices as some were expecting.Finding a balance is the best way to go.On Wednesday, technology giant Apple (NASDAQ:AAPL) held its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4539596-apple-stock-delivering-for-everyone?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A1\">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/4539596-apple-stock-delivering-for-everyone?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154244543","content_text":"SummaryNewest set of iPhones unveiled on Wednesday.Apple didn't raise prices as some were expecting.Finding a balance is the best way to go.On Wednesday, technology giant Apple (NASDAQ:AAPL) held its much anticipated September product unveiling event. This year, expectations had been a little muted as consumers grapple with high inflation, so device pricing was going to be the key theme. In the end, Apple delivered with something for everyone, which could set up the company nicely for the holiday season.Let me start with some of the non-core products. Apple Watch Series 8 features a new temperature sensor along with some other tracking features, plus car crash detection. The company unveiled a new entry level SE version that goes for $249, which has a 30% larger face and is 20% faster. Consumers are also being treated to a new Ultra version that starts at $799, which is larger and has better battery life, while being geared towards the extreme fitness crowd. A second generation of the AirPods Pro was also unveiled, featuring a new chip and much improved audio.Of course, the star of the show was going to be the new series of iPhones. As expected, the new iPhone 14 and 14 Plus are 6.1 and 6.7 inches, respectively, and contain last year's A15 Bionic chip. These phones, along with the Watch, have a new service using Globalstar (GSAT) satellites for emergency use. The Plus model has the best battery life ever in an iPhone according to the company, while these two entry level devices feature a much improved camera system. The 14 will be available on September 16th, which gives it more than a week of sales in the current fiscal Q4 period, while the 14 Plus isn't available until October 7th.As for the Pro versions, they have a pill-like space at the top of the screen, known as the Dynamic Island, that changes based on the type of notification or action that is occurring, such as charging a phone or playing music. These models have an always-on display, along with a brighter screen and 48 megapixel camera sensor, and feature the newest chipset, the A16 Bionic. Perhaps the biggest news for the iPhone on Wednesday was pricing, which can be seen in the graphic below.Yearly iPhone Lineup(Apple Store)There were a handful of reports in recent weeks and months that Apple may increase prices this year, primarily due to inflation. Lately, these rumors seemed to focus more on the Pro versions only, but it turns out we didn't get any true price increases. Apple is swapping the mini for the Plus, which is a positive for average selling prices, along with the 12 this year being more expensive than the 11 was last year. For those looking for some value, the base 13 mini and regular 13 have double the storage than their year earlier counterparts did last year at the same price.The key for Apple here in my opinion is that it is improving its effort to provide something for everyone. Look at what the company did with the Watch. It has its primary version of the device, a cheaper \"SE\" model, and now a premium Ultra model. This year, Apple has separated the Pro versions of the iPhone a bit more from their entry level counterparts, given the higher end models get the newest chipsets, yet they didn't get an added price boost. As some of the early analyst comments suggest, Apple delivered modest upgrades this year, so it didn't take advantage of the consumer by raising prices in a tough inflation environment.While it may not be as important as it used to be, the iPhone is still the dominant product line for Apple. In the first nine months of the current fiscal year, which ends later this month, sales of the smartphone represented more than 54.2% of the company's revenues. That's actually up a little over the prior year's first three quarters, as supply chain issues have pressured sales of other devices. As the graphic below shows, the iPhone has still shown some decent revenue growth over the longer term. The 2022 number below with an asterisk is my current estimate, and the key here is that the iPhone could be about to report its first $200 billion fiscal sales year.Fiscal Year iPhone Revenues(Company Filings)It was just a couple of weeks ago where Apple shares were north of $175 and the financial media was talking about a new all-time high potentially coming soon. However, the market has pulled back on fears that the Fed will need to continue its aggressiveness to slow down inflation. September is also the month where the Fed's maximum balance sheet runoff amount doubles. Thanks to the pullback, the average price target now represents decent upside for Apple shares, but this is a very tough environment to recommend going long almost any name.In the end, my key takeaway from Apple's event on Wednesday was that the company wants to deliver for everyone. The company broadened the Watch lineup by introducing a new Ultra model, while also providing further separation between the Pro and non-Pro models of the iPhone. While there were concerns that Apple could raise smartphone prices, it kept things mostly in check, other than the switch out of the mini for the new Plus model. The company certainly delivered the goods, so now investors will be watching to see how responsive the consumer is.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9900579410,"gmtCreate":1658739478030,"gmtModify":1676536200144,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9900579410","repostId":"2254488186","repostType":4,"repost":{"id":"2254488186","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1658739100,"share":"https://ttm.financial/m/news/2254488186?lang=&edition=fundamental","pubTime":"2022-07-25 16:51","market":"us","language":"en","title":"Philips Swings to Loss and Cuts Sales Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=2254488186","media":"Dow Jones","summary":"Royal Philips NV (PHIA.AE) on Monday reported a swing to a net loss for the second quarter, which it","content":"<html><head></head><body><p>Royal Philips NV (PHIA.AE) on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related lockdowns, inflationary pressures and the Russia-Ukraine war.</p><p>Philips shares plunged 10% in premarket trading.<img src=\"https://static.tigerbbs.com/438f9a0a0107ca6d28ec482ce98bb0fe\" tg-width=\"824\" tg-height=\"828\" referrerpolicy=\"no-referrer\"/></p><p>The Dutch health-technology company has cut its full-year comparable sales guidance to 1% to 3% from a previous forecast of 3% to 5%.</p><p>Still, the company said it expects to deliver growth and profitability improvement from second half of 2022 onward with comparable sales growth of 4%-6% by 2025.</p><p>Philips reported a net loss attributable to shareholders of 22 million euros ($22.5 million) for the quarter, compared with a net profit of EUR150 million a year earlier.</p><p>Quarterly sales fell to EUR4.18 billion from EUR4.23 billion, missing analysts&#39; expectations of EUR4.23 billion. On a comparable basis, sales fell 7%, against a consensus estimate for a fall of 5.4%, the company said.</p><p>Adjusted earnings before interest, taxes and amortization--a metric that strips out exceptional and other one-off items--was EUR216 million, compared with EUR532 million a year earlier and consensus of EUR324 million, Philips said.</p><p>All consensus figures have been taken from the company&#39;s website.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philips Swings to Loss and Cuts Sales Guidance</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\">\nPhilips Swings to Loss and Cuts Sales Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-25 16:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Royal Philips NV (PHIA.AE) on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related lockdowns, inflationary pressures and the Russia-Ukraine war.</p><p>Philips shares plunged 10% in premarket trading.<img src=\"https://static.tigerbbs.com/438f9a0a0107ca6d28ec482ce98bb0fe\" tg-width=\"824\" tg-height=\"828\" referrerpolicy=\"no-referrer\"/></p><p>The Dutch health-technology company has cut its full-year comparable sales guidance to 1% to 3% from a previous forecast of 3% to 5%.</p><p>Still, the company said it expects to deliver growth and profitability improvement from second half of 2022 onward with comparable sales growth of 4%-6% by 2025.</p><p>Philips reported a net loss attributable to shareholders of 22 million euros ($22.5 million) for the quarter, compared with a net profit of EUR150 million a year earlier.</p><p>Quarterly sales fell to EUR4.18 billion from EUR4.23 billion, missing analysts&#39; expectations of EUR4.23 billion. On a comparable basis, sales fell 7%, against a consensus estimate for a fall of 5.4%, the company said.</p><p>Adjusted earnings before interest, taxes and amortization--a metric that strips out exceptional and other one-off items--was EUR216 million, compared with EUR532 million a year earlier and consensus of EUR324 million, Philips said.</p><p>All consensus figures have been taken from the company&#39;s website.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PHG":"飞利浦"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2254488186","content_text":"Royal Philips NV (PHIA.AE) on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related lockdowns, inflationary pressures and the Russia-Ukraine war.Philips shares plunged 10% in premarket trading.The Dutch health-technology company has cut its full-year comparable sales guidance to 1% to 3% from a previous forecast of 3% to 5%.Still, the company said it expects to deliver growth and profitability improvement from second half of 2022 onward with comparable sales growth of 4%-6% by 2025.Philips reported a net loss attributable to shareholders of 22 million euros ($22.5 million) for the quarter, compared with a net profit of EUR150 million a year earlier.Quarterly sales fell to EUR4.18 billion from EUR4.23 billion, missing analysts' expectations of EUR4.23 billion. On a comparable basis, sales fell 7%, against a consensus estimate for a fall of 5.4%, the company said.Adjusted earnings before interest, taxes and amortization--a metric that strips out exceptional and other one-off items--was EUR216 million, compared with EUR532 million a year earlier and consensus of EUR324 million, Philips said.All consensus figures have been taken from the company's website.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174528315,"gmtCreate":1627114097937,"gmtModify":1703484476856,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/174528315","repostId":"1191636755","repostType":4,"repost":{"id":"1191636755","kind":"news","pubTimestamp":1627084309,"share":"https://ttm.financial/m/news/1191636755?lang=&edition=fundamental","pubTime":"2021-07-24 07:51","market":"us","language":"en","title":"Tesla Earnings Are Coming. Here’s the One Number That Matters.","url":"https://stock-news.laohu8.com/highlight/detail?id=1191636755","media":"Barrons","summary":"Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likel","content":"<p>Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likely very complicated report.</p>\n<p>There are a lot of moving parts, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk. Figuring out if the stock will go up or down, however, shouldn’t be all that difficult.</p>\n<p>The EV pioneer will report after the close of trading on Monday,July 26. Wall Street is looking for&nbsp;Tesla to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.</p>\n<p>There are plenty of factors that will contribute to bottom-line earnings—the global&nbsp;semiconductor&nbsp;shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.</p>\n<p><img src=\"https://static.tigerbbs.com/eb9cfd5cbe6d36d06167f82af45447d1\" tg-width=\"869\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p>\n<p>Tesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.</p>\n<p>The good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered&nbsp;more than 200,000&nbsp;vehicles in a single quarter.</p>\n<p>After earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla&nbsp;beat earnings&nbsp;estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.</p>\n<p>There is also the issue&nbsp;of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.</p>\n<p>Investors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s&nbsp;Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software&nbsp;as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its&nbsp;charging network&nbsp;to other EVs down the road.</p>\n<p>All those topics and more should come up on the earningsconference callscheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of theS&amp;P 500andDow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.</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>Tesla Earnings Are Coming. Here’s the One Number That Matters.</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 Earnings Are Coming. Here’s the One Number That Matters.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-24 07:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_DAY_Theme_2_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likely very complicated report.\nThere are a lot of moving parts, even more than usual for the world’s ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_DAY_Theme_2_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-earnings-preview-51627061822?mod=hp_DAY_Theme_2_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191636755","content_text":"Tesla’s second-quarter earnings are just around the corner, and investors should gear up for a likely very complicated report.\nThere are a lot of moving parts, even more than usual for the world’s most valuable car company and its iconoclast CEO Elon Musk. Figuring out if the stock will go up or down, however, shouldn’t be all that difficult.\nThe EV pioneer will report after the close of trading on Monday,July 26. Wall Street is looking for Tesla to report about 94 cents in per-share earnings from $11.5 billion in sales, according to FactSet. Beating analyst estimates is important, almost required, for any stock to remain stable in post-earnings trading. That’s true for Tesla as well.\nThere are plenty of factors that will contribute to bottom-line earnings—the global semiconductor shortage,vehicle pricing, vehicle gross profit margins, and the level of profitability in Tesla’s battery storage business. In the end, however, investors will want to see a record in operating profits—no matter how it happens. That’s what could break shares out of their recent range.\n\nTesla reported more than $800 million in operating profits in the 2020 third quarter, and the stock more than doubled to around $860 in the three-month span that followed. But since operating profit growth largely paused in the subsequent quarters, shares have traded down from roughly $860 to around $640 recently. Profit stagnation has meant stock stagnation, too.\nThe good news for Tesla bulls is Wall Street is projecting a fresh record: Operating profit is expected to be $835 million for the second quarter, driven by strong deliveries. The 2021 second quarter marked the first time Tesla delivered more than 200,000 vehicles in a single quarter.\nAfter earnings are digested, there should be endless arguments among bulls and bears about the quality of earnings. For instance, one way Tesla generates sales is by selling regulatory credits—which it earns by producing more than its fair share of electric vehicles. The company generated $518 million in first-quarter credit sales, which helped Tesla beat earnings estimates. There is always debate about what is the “normal” amount of credit sales and when will those sales dry up. Eventually, both the bulls and bears expect other auto makers to sell their own EVs, cutting off that source of revenue for Tesla.\nThere is also the issue of Bitcoin. Tesla recognized a small gain on its Bitcoin holdings in the first quarter, but the cryptocurrency’s prices have fallen by roughly half since their April peak. That means there is a chance of a small loss. How investors react is anyone’s guess, but don’t expect Tesla to sell out of its Bitcoin position. Musk continues to indicate his company will transact in the cryptocurrency when Bitcoin mining uses more sustainable power.\nInvestors will also want to know when Tesla’s new Germany plant and Austin, Texas facility will start delivering cars. The Austin plant will build Tesla’s Cybertruck. There will also likely be questions about advances in Tesla’s driver-assistance functions—the company recently started selling its driver-assistance software as a subscription—and how much money the company could make from its charging network. Musk tweeted this week Tesla would open its charging network to other EVs down the road.\nAll those topics and more should come up on the earningsconference callscheduled for 5:30 p.m. ET on Monday. Year to date, Tesla stock is down roughly 9%, trailing behind comparable 17% and 15% respective gains of theS&P 500andDow Jones Industrial Average.Still, Tesla shares have had a strong run, up about 112% over the past 12 months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115670082,"gmtCreate":1622991866246,"gmtModify":1704194146704,"author":{"id":"3576550818064904","authorId":"3576550818064904","name":"Runningdown","avatar":"https://static.tigerbbs.com/ef91444757abfa72f3ede25e971f5398","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576550818064904","authorIdStr":"3576550818064904"},"themes":[],"htmlText":"Comment and like. TIA","listText":"Comment and like. TIA","text":"Comment and like. TIA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/115670082","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","kind":"news","pubTimestamp":1622855773,"share":"https://ttm.financial/m/news/1106312903?lang=&edition=fundamental","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p>\n<ul>\n <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>\n <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>\n <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li>\n</ul>\n<p>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p>\n<p>Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","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>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIBS":"1stdibs.com Inc.",".IXIC":"NASDAQ Composite","ZETA":"Zeta Global Holdings Corp.","MQ":"Marqeta, Inc.","BZ":"BOSS直聘",".SPX":"S&P 500 Index","MNDY":"Monday.com Ltd.",".DJI":"道琼斯","ZME":"掌门教育","LFST":"LifeStance Health Group, Inc.","TASK":"TaskUs Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}