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ARKW Is Not A De Facto Bitcoin ETF
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days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.29","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":4,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":376168578,"gmtCreate":1619098400694,"gmtModify":1704719608528,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"Pog","listText":"Pog","text":"Pog","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376168578","repostId":"1113952804","repostType":4,"repost":{"id":"1113952804","kind":"news","pubTimestamp":1619094369,"share":"https://ttm.financial/m/news/1113952804?lang=&edition=fundamental","pubTime":"2021-04-22 20:26","market":"us","language":"en","title":"ARKW Is Not A De Facto Bitcoin ETF","url":"https://stock-news.laohu8.com/highlight/detail?id=1113952804","media":"seekingalpha","summary":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitco","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.</li>\n <li>Correlation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.</li>\n <li>In contrary to popular belief, the S&P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation of S&P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.</li>\n <li>ARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d804e53065a98106a8f8c70fda9b9cb\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Klaus Vedfelt/DigitalVision via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>ARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.</p>\n<p>Chart 1: Performance of ARK's 5 ETFs and the S&P 500.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f517665dd9831b346afa744445f414a\" tg-width=\"640\" tg-height=\"294\"><span>Source: Author, TradingView</span></p>\n<p>ARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK first invested in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below $250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is dubbed as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.</p>\n<p>This may be quite uncomfortable for many investors amid the potential of becoming another de facto Bitcoin ETF like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?</p>\n<p><b>MicroStrategy, the de facto Bitcoin ETF</b></p>\n<p>MicroStrategy first added Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.</p>\n<p>By referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.</p>\n<p>Chart 2: 30-Day Rolling Correlation between MSTR and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77a110840fee547b78f6819faf44dda7\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>For this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".</p>\n<p>The answer will surprise you.</p>\n<p><b>How correlated is ARKW to Bitcoin?</b></p>\n<p>To examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.</p>\n<p>Chart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.</p>\n<p>Chart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/803b3afe57ee921de3fbbaa4356ab01f\" tg-width=\"640\" tg-height=\"207\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>When we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.</p>\n<p>Chart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4aabac26e103d3228c804476af521b5c\" tg-width=\"640\" tg-height=\"210\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.</p>\n<p>Table 1: Correlation Benchmarks</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab77f9eedd8fab40026176b1f2911ea2\" tg-width=\"390\" tg-height=\"174\"><span>Source: Laerd Statistics</span></p>\n<p>Figure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/638a2a527c7e3b213fd485bcd516b85a\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this information tells us the following:</p>\n<ul>\n <li>Correlation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.</li>\n <li>In contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.</li>\n</ul>\n<p>You might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.</p>\n<p><b>How are the S&P 500 and other ARK's ETFs correlated to Bitcoin?</b></p>\n<p>Chart 5 shows us the 30-day rolling correlation of the S&P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&P 500 and ARK's ETFs to Bitcoin.</p>\n<p>The correlation of the S&P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&P 500 and the other ARK ETFs to Bitcoin.</p>\n<p>This is interesting because the S&P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&P 500 to Bitcoin are uniformly negative.</p>\n<p>Chart 5: 30-Day Rolling Correlation Between Assets</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82cbd57bff48676a0b7d678efcb74d6c\" tg-width=\"640\" tg-height=\"211\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 2 shows us the correlation matrix between Bitcoin, the S&P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.</p>\n<p>It can be observed that the S&P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.</p>\n<p>Figure 2: 2020 and 2021 Correlation Matrix</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07eaacdb826a505087dbf5cffa3c5159\" tg-width=\"640\" tg-height=\"239\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this further information tells us the following:</p>\n<ul>\n <li>MSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.</li>\n <li>On the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.</li>\n</ul>\n<p><b>Conclusion</b></p>\n<p>So, has ARKW's exposure to Bitcoin gone way out of hand?</p>\n<p>Based on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.</p>\n<p>I had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.</p>\n<p>This article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.</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>ARKW Is Not A De Facto Bitcoin ETF</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\">\nARKW Is Not A De Facto Bitcoin ETF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 20:26 GMT+8 <a href=https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf\">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.","ARKW":"ARK Next Generation Internation ETF","PYPL":"PayPal","GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉","SQ":"Block"},"source_url":"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1113952804","content_text":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\nCorrelation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.\nIn contrary to popular belief, the S&P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.\nCorrelation data from 2020 and 2021 indicate the correlation of S&P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.\nARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.\n\nPhoto by Klaus Vedfelt/DigitalVision via Getty Images\nIntroduction\nARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.\nChart 1: Performance of ARK's 5 ETFs and the S&P 500.\nSource: Author, TradingView\nARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK first invested in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below $250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is dubbed as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.\nThis may be quite uncomfortable for many investors amid the potential of becoming another de facto Bitcoin ETF like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?\nMicroStrategy, the de facto Bitcoin ETF\nMicroStrategy first added Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.\nBy referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.\nChart 2: 30-Day Rolling Correlation between MSTR and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nFor this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".\nThe answer will surprise you.\nHow correlated is ARKW to Bitcoin?\nTo examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.\nChart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.\nChart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nWhen we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.\nChart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.\nSource: Author, raw data sourced from Yahoo Finance\nFigure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.\nOn the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.\nTable 1: Correlation Benchmarks\nSource: Laerd Statistics\nFigure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this information tells us the following:\n\nCorrelation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.\nIn contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.\nCorrelation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.\n\nYou might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.\nHow are the S&P 500 and other ARK's ETFs correlated to Bitcoin?\nChart 5 shows us the 30-day rolling correlation of the S&P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&P 500 and ARK's ETFs to Bitcoin.\nThe correlation of the S&P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&P 500 and the other ARK ETFs to Bitcoin.\nThis is interesting because the S&P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.\nOn the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&P 500 to Bitcoin are uniformly negative.\nChart 5: 30-Day Rolling Correlation Between Assets\nSource: Author, raw data sourced from Yahoo Finance\nFigure 2 shows us the correlation matrix between Bitcoin, the S&P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.\nIt can be observed that the S&P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.\nFigure 2: 2020 and 2021 Correlation Matrix\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this further information tells us the following:\n\nMSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.\nOn the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.\n\nConclusion\nSo, has ARKW's exposure to Bitcoin gone way out of hand?\nBased on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.\nI had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.\nThis article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373232577,"gmtCreate":1618847555199,"gmtModify":1704715884551,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"PauseChamp","listText":"PauseChamp","text":"PauseChamp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373232577","repostId":"2128941168","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347212813,"gmtCreate":1618496521032,"gmtModify":1704711805416,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"SoyChamp ","listText":"SoyChamp ","text":"SoyChamp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347212813","repostId":"1156256429","repostType":4,"repost":{"id":"1156256429","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618495767,"share":"https://ttm.financial/m/news/1156256429?lang=&edition=fundamental","pubTime":"2021-04-15 22:09","market":"us","language":"en","title":"Chinese electric vehicle stocks fell sharply","url":"https://stock-news.laohu8.com/highlight/detail?id=1156256429","media":"Tiger Newspress","summary":" Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.Here are highlights from Monday’s Analyst Blog:Chinese Auto","content":"<p>(April 15) Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.</p><p><img src=\"https://static.tigerbbs.com/dbaf16ea0d1c0365c2cd923a7641e5c1\" tg-width=\"313\" tg-height=\"165\" referrerpolicy=\"no-referrer\">Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.</p><p>Here are highlights from Monday’s Analyst Blog:<i>Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?</i></p><p>Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.</p><p>Digging Into Sales Numbers</p><p>For the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.</p><p>In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.</p><p>Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.</p><p>New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.</p><p>China EV Market on Fire, Competition Revs Up</p><p>Demand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.</p><p>Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.</p><p>China-based EV makers including<b>BYD Co</b>,<b>NIO</b>,<b>Li Auto</b>and<b>XPeng</b>registered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.</p><p>NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can see<b>the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here</b>.</p><p>Foreign carmakers including<b>Tesla</b>,<b>GM</b>and<b>Ford</b>are also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.</p><p>Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.</p><p>The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.</p><p>Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.</p><p>Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.</p><p>A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.</p><p>Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.</p><p>Chip Deficit to Play Spoilsport</p><p>While China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.</p><p>Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.</p><p>These Stocks Are Poised to Soar Past the Pandemic</p><p>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</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>Chinese electric vehicle stocks fell sharply</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\">\nChinese electric vehicle stocks fell sharply\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-15 22:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 15) Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.</p><p><img src=\"https://static.tigerbbs.com/dbaf16ea0d1c0365c2cd923a7641e5c1\" tg-width=\"313\" tg-height=\"165\" referrerpolicy=\"no-referrer\">Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.</p><p>Here are highlights from Monday’s Analyst Blog:<i>Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?</i></p><p>Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.</p><p>Digging Into Sales Numbers</p><p>For the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.</p><p>In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.</p><p>Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.</p><p>New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.</p><p>China EV Market on Fire, Competition Revs Up</p><p>Demand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.</p><p>Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.</p><p>China-based EV makers including<b>BYD Co</b>,<b>NIO</b>,<b>Li Auto</b>and<b>XPeng</b>registered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.</p><p>NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can see<b>the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here</b>.</p><p>Foreign carmakers including<b>Tesla</b>,<b>GM</b>and<b>Ford</b>are also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.</p><p>Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.</p><p>The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.</p><p>Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.</p><p>Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.</p><p>A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.</p><p>Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.</p><p>Chip Deficit to Play Spoilsport</p><p>While China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.</p><p>Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.</p><p>These Stocks Are Poised to Soar Past the Pandemic</p><p>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","LI":"理想汽车","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156256429","content_text":"(April 15) Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.Here are highlights from Monday’s Analyst Blog:Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.Digging Into Sales NumbersFor the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.China EV Market on Fire, Competition Revs UpDemand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.China-based EV makers includingBYD Co,NIO,Li AutoandXPengregistered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Foreign carmakers includingTesla,GMandFordare also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.Chip Deficit to Play SpoilsportWhile China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.These Stocks Are Poised to Soar Past the PandemicThe COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347211755,"gmtCreate":1618496430077,"gmtModify":1704711802182,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"PogChamp ","listText":"PogChamp ","text":"PogChamp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347211755","repostId":"1113708244","repostType":4,"repost":{"id":"1113708244","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618495065,"share":"https://ttm.financial/m/news/1113708244?lang=&edition=fundamental","pubTime":"2021-04-15 21:57","market":"us","language":"en","title":"Nvidia reached record high of $640.95","url":"https://stock-news.laohu8.com/highlight/detail?id=1113708244","media":"Tiger Newspress","summary":"(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy f","content":"<p>(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy from outperform at Raymond James.</p><p><img src=\"https://static.tigerbbs.com/c5b189e6efe0640b2dcc24dd9e17d1ae\" tg-width=\"979\" tg-height=\"111\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/bb51507c51fe594ee6dd13db3612a750\" tg-width=\"708\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Nvidia (<b>NVDA</b>) -Get Report shares rose Thursday after Raymond James upgraded the graphics-chip maker to strong buy from outperform and raised its price target to $750 from $700.</p><p>“Our call is not really new, as we’ve been positive on NVDA for some time,” Raymond James analyst Chris Caso wrote in a commentary.</p><p>Caso also downgraded Intel (<b>INTC</b>) -Get Report to underperform from market perform.</p><p>Regarding Nvidia, “Our call today rather is meant to express our conviction in both the short and long term. In the short term, we think results will be more dependent on supply than demand given widespread shortages. And we do expect incremental supply to become available as the year progresses.”</p><p>Further, “we think improvement in enterprise, driven by a return to the office as well as the A10 launch, could drive better data-center growth in the second half of the year, which is important for the stock,” Caso said.</p><p>Nvidia recently traded at $625.16, up 2.3%, and has gained 8% over the past six months.</p><p>“Our longer-term conviction is driven by the fact that NVDA has more shots on goal than anyone else in our coverage, and their success in [artificial intelligence] has earned them a permanent seat at the table in both hyperscale and enterprise computing.”</p><p>Nvidia said Monday thatit is offering its first server microprocessors, a move that will further heat up its rivalry with Intel.</p><p>“Intel’s stock has risen of late due to optimism that new leadership from their very capable new CEO will allow them to turn around their manufacturing issues and return to their former dominance,” he said.</p><p>“Our underperform rating reflects not just the risk that Intel won’t reach that goal, but also the pain they will likely endure in pursuit of that goal.”</p><p>Intel recently traded at $63.82, down 0.6%.</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>Nvidia reached record high of $640.95</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\">\nNvidia reached record high of $640.95\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-15 21:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy from outperform at Raymond James.</p><p><img src=\"https://static.tigerbbs.com/c5b189e6efe0640b2dcc24dd9e17d1ae\" tg-width=\"979\" tg-height=\"111\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/bb51507c51fe594ee6dd13db3612a750\" tg-width=\"708\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Nvidia (<b>NVDA</b>) -Get Report shares rose Thursday after Raymond James upgraded the graphics-chip maker to strong buy from outperform and raised its price target to $750 from $700.</p><p>“Our call is not really new, as we’ve been positive on NVDA for some time,” Raymond James analyst Chris Caso wrote in a commentary.</p><p>Caso also downgraded Intel (<b>INTC</b>) -Get Report to underperform from market perform.</p><p>Regarding Nvidia, “Our call today rather is meant to express our conviction in both the short and long term. In the short term, we think results will be more dependent on supply than demand given widespread shortages. And we do expect incremental supply to become available as the year progresses.”</p><p>Further, “we think improvement in enterprise, driven by a return to the office as well as the A10 launch, could drive better data-center growth in the second half of the year, which is important for the stock,” Caso said.</p><p>Nvidia recently traded at $625.16, up 2.3%, and has gained 8% over the past six months.</p><p>“Our longer-term conviction is driven by the fact that NVDA has more shots on goal than anyone else in our coverage, and their success in [artificial intelligence] has earned them a permanent seat at the table in both hyperscale and enterprise computing.”</p><p>Nvidia said Monday thatit is offering its first server microprocessors, a move that will further heat up its rivalry with Intel.</p><p>“Intel’s stock has risen of late due to optimism that new leadership from their very capable new CEO will allow them to turn around their manufacturing issues and return to their former dominance,” he said.</p><p>“Our underperform rating reflects not just the risk that Intel won’t reach that goal, but also the pain they will likely endure in pursuit of that goal.”</p><p>Intel recently traded at $63.82, down 0.6%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113708244","content_text":"(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy from outperform at Raymond James.Nvidia (NVDA) -Get Report shares rose Thursday after Raymond James upgraded the graphics-chip maker to strong buy from outperform and raised its price target to $750 from $700.“Our call is not really new, as we’ve been positive on NVDA for some time,” Raymond James analyst Chris Caso wrote in a commentary.Caso also downgraded Intel (INTC) -Get Report to underperform from market perform.Regarding Nvidia, “Our call today rather is meant to express our conviction in both the short and long term. In the short term, we think results will be more dependent on supply than demand given widespread shortages. And we do expect incremental supply to become available as the year progresses.”Further, “we think improvement in enterprise, driven by a return to the office as well as the A10 launch, could drive better data-center growth in the second half of the year, which is important for the stock,” Caso said.Nvidia recently traded at $625.16, up 2.3%, and has gained 8% over the past six months.“Our longer-term conviction is driven by the fact that NVDA has more shots on goal than anyone else in our coverage, and their success in [artificial intelligence] has earned them a permanent seat at the table in both hyperscale and enterprise computing.”Nvidia said Monday thatit is offering its first server microprocessors, a move that will further heat up its rivalry with Intel.“Intel’s stock has risen of late due to optimism that new leadership from their very capable new CEO will allow them to turn around their manufacturing issues and return to their former dominance,” he said.“Our underperform rating reflects not just the risk that Intel won’t reach that goal, but also the pain they will likely endure in pursuit of that goal.”Intel recently traded at $63.82, down 0.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":376168578,"gmtCreate":1619098400694,"gmtModify":1704719608528,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"Pog","listText":"Pog","text":"Pog","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376168578","repostId":"1113952804","repostType":4,"repost":{"id":"1113952804","kind":"news","pubTimestamp":1619094369,"share":"https://ttm.financial/m/news/1113952804?lang=&edition=fundamental","pubTime":"2021-04-22 20:26","market":"us","language":"en","title":"ARKW Is Not A De Facto Bitcoin ETF","url":"https://stock-news.laohu8.com/highlight/detail?id=1113952804","media":"seekingalpha","summary":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitco","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.</li>\n <li>Correlation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.</li>\n <li>In contrary to popular belief, the S&P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation of S&P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.</li>\n <li>ARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d804e53065a98106a8f8c70fda9b9cb\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Klaus Vedfelt/DigitalVision via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>ARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.</p>\n<p>Chart 1: Performance of ARK's 5 ETFs and the S&P 500.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f517665dd9831b346afa744445f414a\" tg-width=\"640\" tg-height=\"294\"><span>Source: Author, TradingView</span></p>\n<p>ARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK first invested in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below $250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is dubbed as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.</p>\n<p>This may be quite uncomfortable for many investors amid the potential of becoming another de facto Bitcoin ETF like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?</p>\n<p><b>MicroStrategy, the de facto Bitcoin ETF</b></p>\n<p>MicroStrategy first added Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.</p>\n<p>By referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.</p>\n<p>Chart 2: 30-Day Rolling Correlation between MSTR and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77a110840fee547b78f6819faf44dda7\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>For this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".</p>\n<p>The answer will surprise you.</p>\n<p><b>How correlated is ARKW to Bitcoin?</b></p>\n<p>To examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.</p>\n<p>Chart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.</p>\n<p>Chart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/803b3afe57ee921de3fbbaa4356ab01f\" tg-width=\"640\" tg-height=\"207\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>When we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.</p>\n<p>Chart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4aabac26e103d3228c804476af521b5c\" tg-width=\"640\" tg-height=\"210\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.</p>\n<p>Table 1: Correlation Benchmarks</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab77f9eedd8fab40026176b1f2911ea2\" tg-width=\"390\" tg-height=\"174\"><span>Source: Laerd Statistics</span></p>\n<p>Figure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/638a2a527c7e3b213fd485bcd516b85a\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this information tells us the following:</p>\n<ul>\n <li>Correlation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.</li>\n <li>In contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.</li>\n</ul>\n<p>You might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.</p>\n<p><b>How are the S&P 500 and other ARK's ETFs correlated to Bitcoin?</b></p>\n<p>Chart 5 shows us the 30-day rolling correlation of the S&P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&P 500 and ARK's ETFs to Bitcoin.</p>\n<p>The correlation of the S&P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&P 500 and the other ARK ETFs to Bitcoin.</p>\n<p>This is interesting because the S&P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&P 500 to Bitcoin are uniformly negative.</p>\n<p>Chart 5: 30-Day Rolling Correlation Between Assets</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82cbd57bff48676a0b7d678efcb74d6c\" tg-width=\"640\" tg-height=\"211\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 2 shows us the correlation matrix between Bitcoin, the S&P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.</p>\n<p>It can be observed that the S&P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.</p>\n<p>Figure 2: 2020 and 2021 Correlation Matrix</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07eaacdb826a505087dbf5cffa3c5159\" tg-width=\"640\" tg-height=\"239\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this further information tells us the following:</p>\n<ul>\n <li>MSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.</li>\n <li>On the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.</li>\n</ul>\n<p><b>Conclusion</b></p>\n<p>So, has ARKW's exposure to Bitcoin gone way out of hand?</p>\n<p>Based on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.</p>\n<p>I had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.</p>\n<p>This article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.</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>ARKW Is Not A De Facto Bitcoin ETF</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\">\nARKW Is Not A De Facto Bitcoin ETF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 20:26 GMT+8 <a href=https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf\">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.","ARKW":"ARK Next Generation Internation ETF","PYPL":"PayPal","GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉","SQ":"Block"},"source_url":"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1113952804","content_text":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\nCorrelation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.\nIn contrary to popular belief, the S&P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.\nCorrelation data from 2020 and 2021 indicate the correlation of S&P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.\nARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.\n\nPhoto by Klaus Vedfelt/DigitalVision via Getty Images\nIntroduction\nARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.\nChart 1: Performance of ARK's 5 ETFs and the S&P 500.\nSource: Author, TradingView\nARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK first invested in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below $250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is dubbed as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.\nThis may be quite uncomfortable for many investors amid the potential of becoming another de facto Bitcoin ETF like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?\nMicroStrategy, the de facto Bitcoin ETF\nMicroStrategy first added Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.\nBy referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.\nChart 2: 30-Day Rolling Correlation between MSTR and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nFor this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".\nThe answer will surprise you.\nHow correlated is ARKW to Bitcoin?\nTo examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.\nChart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.\nChart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nWhen we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.\nChart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.\nSource: Author, raw data sourced from Yahoo Finance\nFigure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.\nOn the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.\nTable 1: Correlation Benchmarks\nSource: Laerd Statistics\nFigure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this information tells us the following:\n\nCorrelation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.\nIn contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.\nCorrelation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.\n\nYou might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.\nHow are the S&P 500 and other ARK's ETFs correlated to Bitcoin?\nChart 5 shows us the 30-day rolling correlation of the S&P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&P 500 and ARK's ETFs to Bitcoin.\nThe correlation of the S&P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&P 500 and the other ARK ETFs to Bitcoin.\nThis is interesting because the S&P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.\nOn the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&P 500 to Bitcoin are uniformly negative.\nChart 5: 30-Day Rolling Correlation Between Assets\nSource: Author, raw data sourced from Yahoo Finance\nFigure 2 shows us the correlation matrix between Bitcoin, the S&P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.\nIt can be observed that the S&P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.\nFigure 2: 2020 and 2021 Correlation Matrix\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this further information tells us the following:\n\nMSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.\nOn the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.\n\nConclusion\nSo, has ARKW's exposure to Bitcoin gone way out of hand?\nBased on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.\nI had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.\nThis article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373232577,"gmtCreate":1618847555199,"gmtModify":1704715884551,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"PauseChamp","listText":"PauseChamp","text":"PauseChamp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373232577","repostId":"2128941168","repostType":4,"repost":{"id":"2128941168","kind":"highlight","pubTimestamp":1618844100,"share":"https://ttm.financial/m/news/2128941168?lang=&edition=fundamental","pubTime":"2021-04-19 22:55","market":"us","language":"en","title":"3 Top Stocks Under $5 a Share","url":"https://stock-news.laohu8.com/highlight/detail?id=2128941168","media":"Motley Fool","summary":"They're underdogs in saturated markets, but some deserve a closer look from investors.","content":"<p>Stocks that trade under $5 are generally referred to as penny stocks, and they tend to be riskier and more volatile than higher-priced stocks. Many of these companies have shaky business models, and their stocks often trade on hype and unrealistic promises.</p><p>But not all penny stocks are bad investments. Plenty of companies can generate stable growth even as their share prices remain below $5. Among that group of penny stocks, <b>Tuniu</b> (NASDAQ:TOUR), <b>LiveXLive Media</b> (NASDAQ:LIVX), and <b>Waitr</b> (NASDAQ:WTRH) deserve more attention.</p><h2>1. Tuniu</h2><p>Tuniu is an online travel agency (OTA) in China that provides airline, rail, car rental, hotel, and tour bookings. Like many other OTAs, Tuniu struggled last year as the pandemic disrupted travel.</p><p><img src=\"https://static.tigerbbs.com/779a9228fae2ab3094ad152b881bb21e\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>Tuniu is China's fourth-largest OTA after <b>Trip.com</b> (NASDAQ:TCOM), Qunar, and Fliggy. Being an underdog in that saturated market during the pandemic has been challenging, but it's hanging in there.</p><p>The company's revenue plunged 80% to 450.3 million yuan ($69 million) in 2020 as bookings slowed to crawl, and its net loss widened from 729.4 million yuan to 1.3 billion yuan ($205.9 million). Those declines look dire, but analysts expect Tuniu's sales to more than quadruple this year and for its net loss to narrow as travel rebounds.</p><p>Based on that forecast, Tuniu trades at just 1.4 times forward sales. By comparison, Trip.com trades at 5.7 times forward sales.</p><p>Tuniu is still burning cash and carrying lots of debt, but its business likely bottomed out last year. It's still a speculative investment, but it could also be an attractive takeover target as its larger rivals further consolidate China's fragmented OTA market.</p><h2>2. LiveXLive Media</h2><p>LiveXLive Media's eponymous streaming music platform lets users create and share custom radio stations. It also owns the podcast network PodcastOne, the streaming app Slacker Radio, and the live events platform React Presents.</p><p><img src=\"https://static.tigerbbs.com/38bc542290d32c1c059e24e18dbb3652\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>It's tiny compared to streaming music giants like <b>Spotify</b> (NYSE:SPOT) and <b>Apple </b>Music. However, LiveXLive continues to grow in the shadows of its much bigger rivals.</p><p>The number of paying LiveXLive subscribers grew 25% to 849,000 in fiscal 2020, which ended last March, as its full-year revenue rose 15% to $38.7 million. Its net loss widened slightly, from $37.8 million to $38.9 million.</p><p>In the first nine months of fiscal 2021, its revenue rose another 54% year-over-year to $44.2 million as its net loss narrowed from $30.4 million to $26.4 million. Its number of paid subscribers grew 22% year over year to over a million at the end of the third quarter.</p><p>Analysts expect LiveXLive Media's revenue to rise 66% for the full year, as it integrates its recently acquired PodcastOne assets and continues to gain more subscribers. They expect its revenue to rise another 49% in fiscal 2022.</p><p>LiveXLive won't generate a profit anytime soon, but its losses are expected to narrow over the next two years. The stock also seems reasonably valued at less than 5 times this year's expected sales. Spotify, which isn't profitable either, also trades at 5 times this year's sales.</p><h2>3. Waitr</h2><p>Like Tuniu and LiveXLive, Waitr is another underdog in a cutthroat market. It owns a small third-party food delivery platform that competes against heavyweights like <b>DoorDash</b>, <b>Uber </b>Eats, and <b>Grubhub</b>.</p><p>Waitr only controls about 1% of the online food delivery market in the U.S., according to Second Measure. However, it continues to generate stable revenue growth and it actually turned profitable in 2020 after replacing its full-time drivers with independent contractors.</p><p>That's a remarkable achievement. DoorDash, Uber, and Grubhub still haven't generated any profits from their food delivery platforms. It also suggests that Waitr's strategy of locking down smaller markets (mainly across Louisiana and Minnesota) is more sustainable than expanding widely at all costs. Waitr also recently moved into Florida's market by buying the assets of Delivery Dudes.</p><p>Waitr's revenue rose 7% to $204.3 million in 2020. It generated a net profit of $15.8 million, compared to a loss of $291.3 million in 2019. It also posted an adjusted EBITDA of $43.3 million for the full year, compared to a loss of $54.8 million in 2019.</p><p>Wall Street expects Waitr's revenue to rise 1% this year (as it laps its acquisition of Minneapolis-based Bite Squad) and 8% next year. Its earnings are expected to rise 6% this year and 11% next year.</p><p>Those are surprisingly stable growth rates for an underdog in a saturated market, and the stock still looks cheap at 14 times forward earnings.</p><h2>A final word</h2><p>Tuniu, LiveXLive Media, and Waitr all look healthier than most penny stocks, but investors should still exercise caution. They're all underdogs in competitive spaces, and could still succumb to the market leaders over the long term.</p><p>However, investors who can stomach that risk should give some serious consideration to these oft-overlooked stocks.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Stocks Under $5 a Share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Stocks Under $5 a Share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-19 22:55 GMT+8 <a href=https://www.fool.com/investing/2021/04/19/3-top-stocks-under-5-dollars/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks that trade under $5 are generally referred to as penny stocks, and they tend to be riskier and more volatile than higher-priced stocks. Many of these companies have shaky business models, and ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/19/3-top-stocks-under-5-dollars/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TOUR":"途牛"},"source_url":"https://www.fool.com/investing/2021/04/19/3-top-stocks-under-5-dollars/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128941168","content_text":"Stocks that trade under $5 are generally referred to as penny stocks, and they tend to be riskier and more volatile than higher-priced stocks. Many of these companies have shaky business models, and their stocks often trade on hype and unrealistic promises.But not all penny stocks are bad investments. Plenty of companies can generate stable growth even as their share prices remain below $5. Among that group of penny stocks, Tuniu (NASDAQ:TOUR), LiveXLive Media (NASDAQ:LIVX), and Waitr (NASDAQ:WTRH) deserve more attention.1. TuniuTuniu is an online travel agency (OTA) in China that provides airline, rail, car rental, hotel, and tour bookings. Like many other OTAs, Tuniu struggled last year as the pandemic disrupted travel.Image source: Getty Images.Tuniu is China's fourth-largest OTA after Trip.com (NASDAQ:TCOM), Qunar, and Fliggy. Being an underdog in that saturated market during the pandemic has been challenging, but it's hanging in there.The company's revenue plunged 80% to 450.3 million yuan ($69 million) in 2020 as bookings slowed to crawl, and its net loss widened from 729.4 million yuan to 1.3 billion yuan ($205.9 million). Those declines look dire, but analysts expect Tuniu's sales to more than quadruple this year and for its net loss to narrow as travel rebounds.Based on that forecast, Tuniu trades at just 1.4 times forward sales. By comparison, Trip.com trades at 5.7 times forward sales.Tuniu is still burning cash and carrying lots of debt, but its business likely bottomed out last year. It's still a speculative investment, but it could also be an attractive takeover target as its larger rivals further consolidate China's fragmented OTA market.2. LiveXLive MediaLiveXLive Media's eponymous streaming music platform lets users create and share custom radio stations. It also owns the podcast network PodcastOne, the streaming app Slacker Radio, and the live events platform React Presents.Image source: Getty Images.It's tiny compared to streaming music giants like Spotify (NYSE:SPOT) and Apple Music. However, LiveXLive continues to grow in the shadows of its much bigger rivals.The number of paying LiveXLive subscribers grew 25% to 849,000 in fiscal 2020, which ended last March, as its full-year revenue rose 15% to $38.7 million. Its net loss widened slightly, from $37.8 million to $38.9 million.In the first nine months of fiscal 2021, its revenue rose another 54% year-over-year to $44.2 million as its net loss narrowed from $30.4 million to $26.4 million. Its number of paid subscribers grew 22% year over year to over a million at the end of the third quarter.Analysts expect LiveXLive Media's revenue to rise 66% for the full year, as it integrates its recently acquired PodcastOne assets and continues to gain more subscribers. They expect its revenue to rise another 49% in fiscal 2022.LiveXLive won't generate a profit anytime soon, but its losses are expected to narrow over the next two years. The stock also seems reasonably valued at less than 5 times this year's expected sales. Spotify, which isn't profitable either, also trades at 5 times this year's sales.3. WaitrLike Tuniu and LiveXLive, Waitr is another underdog in a cutthroat market. It owns a small third-party food delivery platform that competes against heavyweights like DoorDash, Uber Eats, and Grubhub.Waitr only controls about 1% of the online food delivery market in the U.S., according to Second Measure. However, it continues to generate stable revenue growth and it actually turned profitable in 2020 after replacing its full-time drivers with independent contractors.That's a remarkable achievement. DoorDash, Uber, and Grubhub still haven't generated any profits from their food delivery platforms. It also suggests that Waitr's strategy of locking down smaller markets (mainly across Louisiana and Minnesota) is more sustainable than expanding widely at all costs. Waitr also recently moved into Florida's market by buying the assets of Delivery Dudes.Waitr's revenue rose 7% to $204.3 million in 2020. It generated a net profit of $15.8 million, compared to a loss of $291.3 million in 2019. It also posted an adjusted EBITDA of $43.3 million for the full year, compared to a loss of $54.8 million in 2019.Wall Street expects Waitr's revenue to rise 1% this year (as it laps its acquisition of Minneapolis-based Bite Squad) and 8% next year. Its earnings are expected to rise 6% this year and 11% next year.Those are surprisingly stable growth rates for an underdog in a saturated market, and the stock still looks cheap at 14 times forward earnings.A final wordTuniu, LiveXLive Media, and Waitr all look healthier than most penny stocks, but investors should still exercise caution. They're all underdogs in competitive spaces, and could still succumb to the market leaders over the long term.However, investors who can stomach that risk should give some serious consideration to these oft-overlooked stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347212813,"gmtCreate":1618496521032,"gmtModify":1704711805416,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"SoyChamp ","listText":"SoyChamp ","text":"SoyChamp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347212813","repostId":"1156256429","repostType":4,"repost":{"id":"1156256429","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618495767,"share":"https://ttm.financial/m/news/1156256429?lang=&edition=fundamental","pubTime":"2021-04-15 22:09","market":"us","language":"en","title":"Chinese electric vehicle stocks fell sharply","url":"https://stock-news.laohu8.com/highlight/detail?id=1156256429","media":"Tiger Newspress","summary":" Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.Here are highlights from Monday’s Analyst Blog:Chinese Auto","content":"<p>(April 15) Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.</p><p><img src=\"https://static.tigerbbs.com/dbaf16ea0d1c0365c2cd923a7641e5c1\" tg-width=\"313\" tg-height=\"165\" referrerpolicy=\"no-referrer\">Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.</p><p>Here are highlights from Monday’s Analyst Blog:<i>Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?</i></p><p>Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.</p><p>Digging Into Sales Numbers</p><p>For the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.</p><p>In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.</p><p>Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.</p><p>New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.</p><p>China EV Market on Fire, Competition Revs Up</p><p>Demand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.</p><p>Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.</p><p>China-based EV makers including<b>BYD Co</b>,<b>NIO</b>,<b>Li Auto</b>and<b>XPeng</b>registered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.</p><p>NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can see<b>the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here</b>.</p><p>Foreign carmakers including<b>Tesla</b>,<b>GM</b>and<b>Ford</b>are also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.</p><p>Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.</p><p>The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.</p><p>Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.</p><p>Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.</p><p>A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.</p><p>Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.</p><p>Chip Deficit to Play Spoilsport</p><p>While China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.</p><p>Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.</p><p>These Stocks Are Poised to Soar Past the Pandemic</p><p>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</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>Chinese electric vehicle stocks fell sharply</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\">\nChinese electric vehicle stocks fell sharply\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-15 22:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 15) Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.</p><p><img src=\"https://static.tigerbbs.com/dbaf16ea0d1c0365c2cd923a7641e5c1\" tg-width=\"313\" tg-height=\"165\" referrerpolicy=\"no-referrer\">Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.</p><p>Here are highlights from Monday’s Analyst Blog:<i>Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?</i></p><p>Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.</p><p>Digging Into Sales Numbers</p><p>For the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.</p><p>In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.</p><p>Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.</p><p>New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.</p><p>China EV Market on Fire, Competition Revs Up</p><p>Demand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.</p><p>Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.</p><p>China-based EV makers including<b>BYD Co</b>,<b>NIO</b>,<b>Li Auto</b>and<b>XPeng</b>registered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.</p><p>NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can see<b>the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here</b>.</p><p>Foreign carmakers including<b>Tesla</b>,<b>GM</b>and<b>Ford</b>are also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.</p><p>Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.</p><p>The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.</p><p>Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.</p><p>Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.</p><p>A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.</p><p>Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.</p><p>Chip Deficit to Play Spoilsport</p><p>While China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.</p><p>Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.</p><p>These Stocks Are Poised to Soar Past the Pandemic</p><p>The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.</p><p>Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","LI":"理想汽车","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156256429","content_text":"(April 15) Chinese electric vehicle stocks fell sharply. Xpeng Motors fell about 6%, NIO fell about 5%, Li fell more than 7%.Days ago, Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.Here are highlights from Monday’s Analyst Blog:Chinese Auto Sales on Fast Track - Will It Hit a Speed Bump?Vehicle sales in China for the month of March soared for the 12th straight month to 2.53 million units, per the China Association of Automobile Manufacturers (“CAAM”). Sales spiked 75% from the corresponding period of 2020, when the country’s vehicle demand was badly hit by coronavirus woes.Digging Into Sales NumbersFor the first quarter of 2021, sales surged 76% year over year to top 6.48 million units. The massive jump was due to lower severity of COVID-19 impacts, which crimped showroom traffic in the comparable year-ago quarter.In fact, automakers in China suffered their bleakest ever quarter in the January-March 2020 period. However, thanks to supportive government policies, gradual reopening of economic activities and pent-up vehicle demand, China is now at the forefront of global auto market recovery.Deliveries of new light vehicles including sport utility vehicles, sedans and multi-purpose vehicles grew 77% to exceed 1.87 million units in March 2021. Deliveries of commercial vehicles including pickups and buses rose 68% year over year to 651,000 units. Electric vehicle sales jumped a whopping 240% year over year to 226,000 units.New light vehicle deliveries in first-quarter 2021 climbed 75% from the comparable year-ago period to 5.08 million units. Sales of commercial vehicles and EVs spiked 77% and 280% to 1.41 million units and 515,000 units, respectively, on a year-over-year basis.China EV Market on Fire, Competition Revs UpDemand for new energy vehicles (NEVs) has been on the rise amid climate change concerns and favorable government policies. Importantly, the country projects electric vehicles (EVs) to account for 25% of new car sales by 2025.Last April, the government of China announced plans to extend subsidies and tax breaks for NEVs such as electric or plug-in hybrid cars for another two years to spur sales. Buoyed by favorable government policies and improving consumer confidence and economy, China — world’s largest EV market — is seeing solid sales of zero-emission vehicles.China-based EV makers includingBYD Co,NIO,Li AutoandXPengregistered strong EV sales last month. Warren Buffett-backed BYD sold 24,218 EVs in March, representing a year-over-year jump of 97.6%.NIO — which currently carries a Zacks Rank #3 (Hold) — delivered 7,257 EVs last month, skyrocketing 373% year over year. EV makers Li Auto and XPeng delivered 4,900 and 5,102 vehicles, up a whopping 238.6% and 384%, respectively, on a year-over-year basis. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Foreign carmakers includingTesla,GMandFordare also registering strong sales and actively ramping up operations in the country. Per China Passenger Car Association, EV behemoth Tesla sold 35,478 China-made cars last month. The company commands a huge market share in the EV market of China, thanks to robust production from the Shanghai Gigafactory.Overall vehicle sales by Ford and General Motors in China witnessed a year-over-year rally of 73% and 69%, respectively, for first-quarter 2021. General Motors is speeding up the development of advanced technologies in China to enable an all-electric future.The company’s next-generation EVs (across all brands) in China will be powered by Ultium Drive. It should be noted that the Cadillac LYRIQ SUV would be the first Ultium-powered vehicle to be rolled out in China at Auto Shanghai 2021 later this month.Importantly, Sales of Hong Guang mini-EV — under General Motors’ Wuling brand — exceeded 72,000 units in first-quarter 2021, retaining its position as the best-selling green vehicle in the country. Meanwhile, Ford is set to manufacture its electric Mustang Mach-E in China with its joint venture Changan Ford.Amid soaring demand, competition is heating up in the China EV market. Even with the subsidies ending in 2022, the e-mobility battle in China is getting fiercer by the day with new upstarts, legacy automakers and tech titans foraying into the space.A few days back, China’s leading smartphone maker Xiaomi announced that it is set to invest $10 billion in the development of EVs over the next 10 years. The company intends to establish a wholly-owned subsidiary with an initial investment of around $1.5 billion.Ride-hailing platform Didi Chuxing has also launched an EV unit and collaborated with BYD to develop EVs designed for its services. Telecom equipment giant Huawei Technology also aims to launch electric cars under its brand and may roll out a couple of models this year. Search engine behemoth Baidu also announced plans to launch an electric car business in January.Chip Deficit to Play SpoilsportWhile China’s vehicle sales have rebounded quite strongly, will the recovery sustain amid the global chip crunch? Well, CAAM has already warned that the chip shortage is set to adversely impact auto production in the nation in second-quarter 2021. The agency does not expect the shortfall to ease until the fourth quarter of this year.Although China is the largest auto market, it depends heavily on chip imports and is the largest buyer of semiconductors. Amid the chip shortfall, carmakers are scrambling to procure semiconductors, which are forcing them to undergo production cuts and idle factories. NIO shuttered operations for five days beginning Mar 29 due to microchip shortfall. Volvo Cars, owned by Geely Holdings, also halted production last month. In the absence of a quick solution to this chip problem, auto industry recovery in China may soon be losing steam.These Stocks Are Poised to Soar Past the PandemicThe COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347211755,"gmtCreate":1618496430077,"gmtModify":1704711802182,"author":{"id":"3577366619406435","authorId":"3577366619406435","name":"BigTee","avatar":"https://static.tigerbbs.com/a3be79eaf5e1578279874dd8445c143d","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577366619406435","authorIdStr":"3577366619406435"},"themes":[],"htmlText":"PogChamp ","listText":"PogChamp ","text":"PogChamp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347211755","repostId":"1113708244","repostType":4,"repost":{"id":"1113708244","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618495065,"share":"https://ttm.financial/m/news/1113708244?lang=&edition=fundamental","pubTime":"2021-04-15 21:57","market":"us","language":"en","title":"Nvidia reached record high of $640.95","url":"https://stock-news.laohu8.com/highlight/detail?id=1113708244","media":"Tiger Newspress","summary":"(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy f","content":"<p>(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy from outperform at Raymond James.</p><p><img src=\"https://static.tigerbbs.com/c5b189e6efe0640b2dcc24dd9e17d1ae\" tg-width=\"979\" tg-height=\"111\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/bb51507c51fe594ee6dd13db3612a750\" tg-width=\"708\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Nvidia (<b>NVDA</b>) -Get Report shares rose Thursday after Raymond James upgraded the graphics-chip maker to strong buy from outperform and raised its price target to $750 from $700.</p><p>“Our call is not really new, as we’ve been positive on NVDA for some time,” Raymond James analyst Chris Caso wrote in a commentary.</p><p>Caso also downgraded Intel (<b>INTC</b>) -Get Report to underperform from market perform.</p><p>Regarding Nvidia, “Our call today rather is meant to express our conviction in both the short and long term. In the short term, we think results will be more dependent on supply than demand given widespread shortages. And we do expect incremental supply to become available as the year progresses.”</p><p>Further, “we think improvement in enterprise, driven by a return to the office as well as the A10 launch, could drive better data-center growth in the second half of the year, which is important for the stock,” Caso said.</p><p>Nvidia recently traded at $625.16, up 2.3%, and has gained 8% over the past six months.</p><p>“Our longer-term conviction is driven by the fact that NVDA has more shots on goal than anyone else in our coverage, and their success in [artificial intelligence] has earned them a permanent seat at the table in both hyperscale and enterprise computing.”</p><p>Nvidia said Monday thatit is offering its first server microprocessors, a move that will further heat up its rivalry with Intel.</p><p>“Intel’s stock has risen of late due to optimism that new leadership from their very capable new CEO will allow them to turn around their manufacturing issues and return to their former dominance,” he said.</p><p>“Our underperform rating reflects not just the risk that Intel won’t reach that goal, but also the pain they will likely endure in pursuit of that goal.”</p><p>Intel recently traded at $63.82, down 0.6%.</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>Nvidia reached record high of $640.95</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\">\nNvidia reached record high of $640.95\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-15 21:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy from outperform at Raymond James.</p><p><img src=\"https://static.tigerbbs.com/c5b189e6efe0640b2dcc24dd9e17d1ae\" tg-width=\"979\" tg-height=\"111\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/bb51507c51fe594ee6dd13db3612a750\" tg-width=\"708\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Nvidia (<b>NVDA</b>) -Get Report shares rose Thursday after Raymond James upgraded the graphics-chip maker to strong buy from outperform and raised its price target to $750 from $700.</p><p>“Our call is not really new, as we’ve been positive on NVDA for some time,” Raymond James analyst Chris Caso wrote in a commentary.</p><p>Caso also downgraded Intel (<b>INTC</b>) -Get Report to underperform from market perform.</p><p>Regarding Nvidia, “Our call today rather is meant to express our conviction in both the short and long term. In the short term, we think results will be more dependent on supply than demand given widespread shortages. And we do expect incremental supply to become available as the year progresses.”</p><p>Further, “we think improvement in enterprise, driven by a return to the office as well as the A10 launch, could drive better data-center growth in the second half of the year, which is important for the stock,” Caso said.</p><p>Nvidia recently traded at $625.16, up 2.3%, and has gained 8% over the past six months.</p><p>“Our longer-term conviction is driven by the fact that NVDA has more shots on goal than anyone else in our coverage, and their success in [artificial intelligence] has earned them a permanent seat at the table in both hyperscale and enterprise computing.”</p><p>Nvidia said Monday thatit is offering its first server microprocessors, a move that will further heat up its rivalry with Intel.</p><p>“Intel’s stock has risen of late due to optimism that new leadership from their very capable new CEO will allow them to turn around their manufacturing issues and return to their former dominance,” he said.</p><p>“Our underperform rating reflects not just the risk that Intel won’t reach that goal, but also the pain they will likely endure in pursuit of that goal.”</p><p>Intel recently traded at $63.82, down 0.6%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113708244","content_text":"(April 15) Nvidia rose more than 4%, reached record high of $640.95. Nvidia upgraded to strong buy from outperform at Raymond James.Nvidia (NVDA) -Get Report shares rose Thursday after Raymond James upgraded the graphics-chip maker to strong buy from outperform and raised its price target to $750 from $700.“Our call is not really new, as we’ve been positive on NVDA for some time,” Raymond James analyst Chris Caso wrote in a commentary.Caso also downgraded Intel (INTC) -Get Report to underperform from market perform.Regarding Nvidia, “Our call today rather is meant to express our conviction in both the short and long term. In the short term, we think results will be more dependent on supply than demand given widespread shortages. And we do expect incremental supply to become available as the year progresses.”Further, “we think improvement in enterprise, driven by a return to the office as well as the A10 launch, could drive better data-center growth in the second half of the year, which is important for the stock,” Caso said.Nvidia recently traded at $625.16, up 2.3%, and has gained 8% over the past six months.“Our longer-term conviction is driven by the fact that NVDA has more shots on goal than anyone else in our coverage, and their success in [artificial intelligence] has earned them a permanent seat at the table in both hyperscale and enterprise computing.”Nvidia said Monday thatit is offering its first server microprocessors, a move that will further heat up its rivalry with Intel.“Intel’s stock has risen of late due to optimism that new leadership from their very capable new CEO will allow them to turn around their manufacturing issues and return to their former dominance,” he said.“Our underperform rating reflects not just the risk that Intel won’t reach that goal, but also the pain they will likely endure in pursuit of that goal.”Intel recently traded at $63.82, down 0.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
