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2021-07-09

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5 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge

2021-07-07

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2021-07-01

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S&P 500 notches fifth straight record closing high, fifth straight quarterly gain

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S&P 500 notches fifth straight record closing high, fifth straight quarterly gain

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Then, seemingly out of nowhere, rates have dived lower, with the 10-year Treasury trading at a 1.32% yield, down from near 1.70% at the end of May. The benchmark 30-year Treasury bond is back at the 1.94% level. These are the lowest interest rate levels since last winter.</p>\n<p>For income investors, this is another setback in what has become over a ten-year problem. While rates certainly could rise again, <a href=\"https://laohu8.com/S/AONE\">one</a> thing seems certain: the Federal Reserve will not raise rates until it is positive the economy is back at full strength. The only move the Fed looks poised to make in the near term is the beginning of the tapering of the $120 billion per month purchase of Treasury and mortgage debt.</p>\n<p>We screened the BofA Securities research universe looking for blue chip stocks rated Buy that paid at least a 4% dividend. We found five that are very appealing now to growth and income investors. While all are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.</p>\n<p><a href=\"https://laohu8.com/S/MO\">Altria</a></p>\n<p>This maker of tobacco products offers value investors a great entry point now and was hit recently as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.</p>\n<p>Altria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.</p>\n<p>BofA Securities is very favorable toward the company’s plans for the future:</p>\n<blockquote>\n Management presented at CAGNY (Consumer Analyst Group of <a href=\"https://laohu8.com/S/NWY\">New York</a>) where it discussed a new corporate focus on ESG, additional details on its IQOS plans and its “Moving beyond smoking” 10-yr plan. Smokeables (cigarettes/cigars) will remain an important part of its strategy, providing funding behind its long-term growth and shareholder returns. Over the last 5-yrs, smokeable and other comprehensive income grew at a 5.5% compounded annual growth rate despite volume declines.\n</blockquote>\n<p>Shareholders receive a 7.35% dividend. The analyst has a $58 target price on the shares, while the consensus target is lower at $53.89. Altria stock closed on Wednesday at $46.79 per share.</p>\n<p><a href=\"https://laohu8.com/S/CVX\">Chevron</a></p>\n<p>This energy giant is a solid way for investors who are more conservative to be positioned in the sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.</p>\n<p>With the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (<a href=\"https://laohu8.com/S/NBL\">Noble</a> integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.</p>\n<p><a href=\"https://laohu8.com/S/IBM\">IBM</a></p>\n<p>This old-school tech giant still offers investors a very solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.</p>\n<p>The company integrates its hardware products with its software and services offerings in order to provide high-value solutions. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.</p>\n<p>CEO Ginni Rommety, who had been in the position since 2012, stepped down in January, and the stock market greeted the news in a very positive manner. Arvind Krishna, who has led the company’s cloud computing business, became the new chief executive. Rometty will remain as executive board chair until the end of the year.</p>\n<p>Holders of IBM stock receive a 4.69% dividend. The $175 BofA Securities price target is well above the $144.14 consensus figure. The shares closed at $139.82 on Wednesday.</p>\n<p>Shareholders receive a 5.21% dividend, which analysts feel comfortable will remain at current levels. The BofA Securities price target is $125, which compares to a $122.48 consensus target and the last Chevron stock trade on Wednesday at $102.93 a share.</p>\n<p>LyondellBasell</p>\n<p>This top chemical company with a sterling balance sheet is another solid play for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.</p>\n<p>Over half of earnings are generated in the company’s Olefins and Polyolefins Americas segment, where costs are linked to the price of cheap natural gas in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States, while selling prices are correlated with the price of oil. The company has pursued a strategy of low-cost, high return on invested capital debottlenecks coupled with cash returns to shareholders.</p>\n<p>Note that debottlenecking is the process of identifying specific areas or equipment in oil and gas facilities that limit the flow of product (known as bottlenecks) and optimizing them so that overall capacity in the plant can be increased.</p>\n<p>The company offers a 4.50% dividend. BofA Securities has set a $117 price target. The consensus target is $118.41, and LyondellBasell stock ended Wednesday at $100.40 a share.</p>","source":"lsy1620372341666","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>5 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\n5 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 12:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/><strong>24/7 wall street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Just last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we ...</p>\n\n<a href=\"https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119741032","content_text":"Just last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we have been stuck in for years. Then, seemingly out of nowhere, rates have dived lower, with the 10-year Treasury trading at a 1.32% yield, down from near 1.70% at the end of May. The benchmark 30-year Treasury bond is back at the 1.94% level. These are the lowest interest rate levels since last winter.\nFor income investors, this is another setback in what has become over a ten-year problem. While rates certainly could rise again, one thing seems certain: the Federal Reserve will not raise rates until it is positive the economy is back at full strength. The only move the Fed looks poised to make in the near term is the beginning of the tapering of the $120 billion per month purchase of Treasury and mortgage debt.\nWe screened the BofA Securities research universe looking for blue chip stocks rated Buy that paid at least a 4% dividend. We found five that are very appealing now to growth and income investors. While all are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.\nAltria\nThis maker of tobacco products offers value investors a great entry point now and was hit recently as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of Philip Morris USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.\nAltria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.\nBofA Securities is very favorable toward the company’s plans for the future:\n\n Management presented at CAGNY (Consumer Analyst Group of New York) where it discussed a new corporate focus on ESG, additional details on its IQOS plans and its “Moving beyond smoking” 10-yr plan. Smokeables (cigarettes/cigars) will remain an important part of its strategy, providing funding behind its long-term growth and shareholder returns. Over the last 5-yrs, smokeable and other comprehensive income grew at a 5.5% compounded annual growth rate despite volume declines.\n\nShareholders receive a 7.35% dividend. The analyst has a $58 target price on the shares, while the consensus target is lower at $53.89. Altria stock closed on Wednesday at $46.79 per share.\nChevron\nThis energy giant is a solid way for investors who are more conservative to be positioned in the sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.\nWith the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (Noble integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.\nIBM\nThis old-school tech giant still offers investors a very solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.\nThe company integrates its hardware products with its software and services offerings in order to provide high-value solutions. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.\nCEO Ginni Rommety, who had been in the position since 2012, stepped down in January, and the stock market greeted the news in a very positive manner. Arvind Krishna, who has led the company’s cloud computing business, became the new chief executive. Rometty will remain as executive board chair until the end of the year.\nHolders of IBM stock receive a 4.69% dividend. The $175 BofA Securities price target is well above the $144.14 consensus figure. The shares closed at $139.82 on Wednesday.\nShareholders receive a 5.21% dividend, which analysts feel comfortable will remain at current levels. The BofA Securities price target is $125, which compares to a $122.48 consensus target and the last Chevron stock trade on Wednesday at $102.93 a share.\nLyondellBasell\nThis top chemical company with a sterling balance sheet is another solid play for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.\nOver half of earnings are generated in the company’s Olefins and Polyolefins Americas segment, where costs are linked to the price of cheap natural gas in the United States, while selling prices are correlated with the price of oil. The company has pursued a strategy of low-cost, high return on invested capital debottlenecks coupled with cash returns to shareholders.\nNote that debottlenecking is the process of identifying specific areas or equipment in oil and gas facilities that limit the flow of product (known as bottlenecks) and optimizing them so that overall capacity in the plant can be increased.\nThe company offers a 4.50% dividend. BofA Securities has set a $117 price target. The consensus target is $118.41, and LyondellBasell stock ended Wednesday at $100.40 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140967692,"gmtCreate":1625624395016,"gmtModify":1703745148848,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140967692","repostId":"1189309849","repostType":4,"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158959029,"gmtCreate":1625125283761,"gmtModify":1703736617481,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158959029","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","pubTimestamp":1625094708,"share":"https://ttm.financial/m/news/1178516480?lang=&edition=fundamental","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&amp;P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&amp;P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&amp;P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&amp;P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&amp;P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&amp;P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</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>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158950487,"gmtCreate":1625125244649,"gmtModify":1703736616826,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158950487","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","pubTimestamp":1625094708,"share":"https://ttm.financial/m/news/1178516480?lang=&edition=fundamental","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&amp;P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&amp;P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&amp;P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&amp;P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&amp;P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&amp;P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</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>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159473495,"gmtCreate":1624978405717,"gmtModify":1703849397485,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159473495","repostId":"1165468426","repostType":4,"repost":{"id":"1165468426","pubTimestamp":1624976964,"share":"https://ttm.financial/m/news/1165468426?lang=&edition=fundamental","pubTime":"2021-06-29 22:29","market":"us","language":"en","title":"Facebook Could Be A $500 Stock After Court Tosses FTC Case","url":"https://stock-news.laohu8.com/highlight/detail?id=1165468426","media":"seekingalpha","summary":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits","content":"<p><b>Summary</b></p>\n<ul>\n <li>Wins in court against the FTC and States clear up regulatory headwinds.</li>\n <li>Substantial profits will grow throughout the year.</li>\n <li>Facebook may not have much to fear from future regulation either.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e924941f95567d72af0984753c0d9302\" tg-width=\"1536\" tg-height=\"1024\"><span>naruecha jenthaisong/Moment via Getty Images</span></p>\n<p>I started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.</p>\n<p><b>Facebook scores two wins in court</b></p>\n<p>Facebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.</p>\n<p>In the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.</p>\n<p>The court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).</p>\n<p>In the second case,the court held even more strongly in favor of Facebook&nbsp;and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.</p>\n<p>Legally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.</p>\n<p>As noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.</p>\n<p>Normally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.</p>\n<p>To the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.</p>\n<p>Fourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.</p>\n<p><b>Future Regulation Shouldn't Worry Facebook</b></p>\n<p>Based on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.</p>\n<p>First and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ae2b9ff7e9edb953d2fae3807d1815a\" tg-width=\"640\" tg-height=\"409\"><span>Source: Seeking Alpha</span></p>\n<p>Regulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.</p>\n<p>Second, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.</p>\n<p>Third, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.</p>\n<p>So if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.</p>\n<p><b>Facebook's Recent Earnings are great</b></p>\n<p>Even in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f921d22e5694000a51c60e069de30b52\" tg-width=\"640\" tg-height=\"304\"><span>Source: Facebook</span></p>\n<p>Revenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.</p>\n<p>If all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a&nbsp;<b>market capitalization of $1,019 billion $359/share</b>. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.</p>\n<p><b>Estimating this year's earning - much, much higher</b></p>\n<p>In the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3db9a4108a92e18a59dbb1923cd9c903\" tg-width=\"640\" tg-height=\"174\"><span>Source: Facebook</span></p>\n<p>It's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.</p>\n<p>Facebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e25d73bdd71d2f841ab92917e27cee44\" tg-width=\"640\" tg-height=\"429\"><span>Source: Facebook</span></p>\n<p>As well as revenue:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79d68ef6536f200bbffa310ad257a3ed\" tg-width=\"640\" tg-height=\"430\"><span>Source: Facebook</span></p>\n<p>and net income:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7d23e558cff9eb15938c953982d5795\" tg-width=\"640\" tg-height=\"381\"><span>Source: Facebook</span></p>\n<p>Looking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.</p>\n<p>I've made my own spreadsheet of this information:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd491880ca77778e76d41d367223b669\" tg-width=\"640\" tg-height=\"151\"><span>Source: Author</span></p>\n<p>In light of those numbers showing:</p>\n<p>(1) MAU grows every quarter, but</p>\n<p>(2) Revenue and Net Income change with the seasons,</p>\n<p>I'm willing to make some rough guesses about the rest of this year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c413f3304ab59e2ca2b56822ee4465c\" tg-width=\"640\" tg-height=\"114\"><span>Source: Author</span></p>\n<p>To arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.</p>\n<p>I estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!</p>\n<p>If these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully&nbsp;<b>undervalued at a market cap of $1,130 billion or $398/share</b>. Because of the growth we see, I really don't think it's unreasonable to arrive at&nbsp;<b>fair value with a 33x multiple on the stock for $1,461 billion or $526/share</b>.</p>\n<p><b>Global Growth and New Products add upside</b></p>\n<p>The estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.</p>\n<p>Facebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.</p>\n<p><b>Conclusion</b></p>\n<p>With legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"</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>Facebook Could Be A $500 Stock After Court Tosses FTC Case</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\">\nFacebook Could Be A $500 Stock After Court Tosses FTC Case\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165468426","content_text":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\nnaruecha jenthaisong/Moment via Getty Images\nI started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.\nFacebook scores two wins in court\nFacebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.\nIn the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.\nThe court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).\nIn the second case,the court held even more strongly in favor of Facebook and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.\nLegally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.\nAs noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.\nNormally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.\nTo the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.\nFourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.\nFuture Regulation Shouldn't Worry Facebook\nBased on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.\nFirst and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:\nSource: Seeking Alpha\nRegulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.\nSecond, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.\nThird, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.\nSo if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.\nFacebook's Recent Earnings are great\nEven in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:\nSource: Facebook\nRevenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.\nIf all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a market capitalization of $1,019 billion $359/share. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.\nEstimating this year's earning - much, much higher\nIn the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:\nSource: Facebook\nIt's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.\nFacebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:\nSource: Facebook\nAs well as revenue:\nSource: Facebook\nand net income:\nSource: Facebook\nLooking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.\nI've made my own spreadsheet of this information:\nSource: Author\nIn light of those numbers showing:\n(1) MAU grows every quarter, but\n(2) Revenue and Net Income change with the seasons,\nI'm willing to make some rough guesses about the rest of this year:\nSource: Author\nTo arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.\nI estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!\nIf these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully undervalued at a market cap of $1,130 billion or $398/share. Because of the growth we see, I really don't think it's unreasonable to arrive at fair value with a 33x multiple on the stock for $1,461 billion or $526/share.\nGlobal Growth and New Products add upside\nThe estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.\nFacebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.\nConclusion\nWith legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127415528,"gmtCreate":1624862897464,"gmtModify":1703846471788,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127415528","repostId":"2146270883","repostType":4,"repost":{"id":"2146270883","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624849340,"share":"https://ttm.financial/m/news/2146270883?lang=&edition=fundamental","pubTime":"2021-06-28 11:02","market":"sh","language":"en","title":"Chinese automaker Great Wall aims to sell 4 million cars in 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2146270883","media":"Reuters","summary":"BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4","content":"<p>BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday.</p>\n<p>Great Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.</p>\n<p>Baoding-based Great Wall is building a car plant in China with BMW for electric vehicles.</p>\n<p>Great Wall's revenue is forecast to reach 600 billion yuan ($92.86 billion) in 2025, Wei said during a briefing on the company's strategy at its headquarters.</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 automaker Great Wall aims to sell 4 million cars in 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese automaker Great Wall aims to sell 4 million cars in 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-28 11:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday.</p>\n<p>Great Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.</p>\n<p>Baoding-based Great Wall is building a car plant in China with BMW for electric vehicles.</p>\n<p>Great Wall's revenue is forecast to reach 600 billion yuan ($92.86 billion) in 2025, Wei said during a briefing on the company's strategy at its headquarters.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601633":"长城汽车","02333":"长城汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146270883","content_text":"BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday.\nGreat Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.\nBaoding-based Great Wall is building a car plant in China with BMW for electric vehicles.\nGreat Wall's revenue is forecast to reach 600 billion yuan ($92.86 billion) in 2025, Wei said during a briefing on the company's strategy at its headquarters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127416377,"gmtCreate":1624862734099,"gmtModify":1703846468032,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127416377","repostId":"2146886838","repostType":4,"repost":{"id":"2146886838","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624855936,"share":"https://ttm.financial/m/news/2146886838?lang=&edition=fundamental","pubTime":"2021-06-28 12:52","market":"sh","language":"en","title":"China Tourism aims for $7 bln Hong Kong listing -sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2146886838","media":"Reuters","summary":"HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion","content":"<p>HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters.</p>\n<p>The Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>The people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal.</p>\n<p>China Tourism, which Refinitiv data showed has market capitalisation of 577.9 billion yuan ($89.43 billion), filed for the listing with the Hong Kong bourse late on Friday.</p>\n<p>Its Shanghai shares were trading 4% higher on Monday on news of the application. The stock is up 9.6% so far in 2021, versus the benchmark CSI300 index's 0.6% increase, yet remains 23% below its 52-week high reached on Feb 18.</p>\n<p>At $7 billion, the listing would be Hong Kong's largest in nearly two years since Alibaba Group Holding Ltd raised $12.9 billion in November 2019.</p>\n<p>The listing would also exceed the initial public offering of Kuaishou Technology - the largest in Hong Kong this year - which raised $6.2 billion in January.</p>\n<p>In its filing, China Tourism said it was China's only retail operator to cover all duty free channels - such as sales at airports and on cruise ships. It said it has 188 stores in 90 cities plus six outlets in Hong Kong, Macau and Cambodia.</p>\n<p>The company recorded a 31% rise in net profit at 7.1 billion yuan in 2020, its filing showed.</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>China Tourism aims for $7 bln Hong Kong listing -sources</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\">\nChina Tourism aims for $7 bln Hong Kong listing -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-28 12:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters.</p>\n<p>The Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>The people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal.</p>\n<p>China Tourism, which Refinitiv data showed has market capitalisation of 577.9 billion yuan ($89.43 billion), filed for the listing with the Hong Kong bourse late on Friday.</p>\n<p>Its Shanghai shares were trading 4% higher on Monday on news of the application. The stock is up 9.6% so far in 2021, versus the benchmark CSI300 index's 0.6% increase, yet remains 23% below its 52-week high reached on Feb 18.</p>\n<p>At $7 billion, the listing would be Hong Kong's largest in nearly two years since Alibaba Group Holding Ltd raised $12.9 billion in November 2019.</p>\n<p>The listing would also exceed the initial public offering of Kuaishou Technology - the largest in Hong Kong this year - which raised $6.2 billion in January.</p>\n<p>In its filing, China Tourism said it was China's only retail operator to cover all duty free channels - such as sales at airports and on cruise ships. It said it has 188 stores in 90 cities plus six outlets in Hong Kong, Macau and Cambodia.</p>\n<p>The company recorded a 31% rise in net profit at 7.1 billion yuan in 2020, its filing showed.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146886838","content_text":"HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters.\nThe Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, one of the people said.\nThe people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal.\nChina Tourism, which Refinitiv data showed has market capitalisation of 577.9 billion yuan ($89.43 billion), filed for the listing with the Hong Kong bourse late on Friday.\nIts Shanghai shares were trading 4% higher on Monday on news of the application. The stock is up 9.6% so far in 2021, versus the benchmark CSI300 index's 0.6% increase, yet remains 23% below its 52-week high reached on Feb 18.\nAt $7 billion, the listing would be Hong Kong's largest in nearly two years since Alibaba Group Holding Ltd raised $12.9 billion in November 2019.\nThe listing would also exceed the initial public offering of Kuaishou Technology - the largest in Hong Kong this year - which raised $6.2 billion in January.\nIn its filing, China Tourism said it was China's only retail operator to cover all duty free channels - such as sales at airports and on cruise ships. It said it has 188 stores in 90 cities plus six outlets in Hong Kong, Macau and Cambodia.\nThe company recorded a 31% rise in net profit at 7.1 billion yuan in 2020, its filing showed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124656521,"gmtCreate":1624763719763,"gmtModify":1703844703517,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124656521","repostId":"2146031140","repostType":4,"repost":{"id":"2146031140","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624660604,"share":"https://ttm.financial/m/news/2146031140?lang=&edition=fundamental","pubTime":"2021-06-26 06:36","market":"us","language":"en","title":"Microsoft says new breach discovered in probe of suspected SolarWinds hackers","url":"https://stock-news.laohu8.com/highlight/detail?id=2146031140","media":"Reuters","summary":"SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its","content":"<p>SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.</p>\n<p>The company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds and Microsoft.</p>\n<p>Microsoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May.</p>\n<p>\"A sophisticated Nation-State associated actor that Microsoft identifies as NOBELLIUM accessed Microsoft customer support tools to review information regarding your Microsoft Services subscriptions,\" the warning reads in part.</p>\n<p>After Reuters asked about that warning, Microsoft announced the breach publicly.</p>\n<p>After commenting on a broader phishing campaign that it said had compromised a small number of entities, Microsoft said it had also found the breach of its own agent, who it said had limited powers.</p>\n<p>The agent could see billing contact information and what services the customers pay for, among other things.</p>\n<p>\"The actor used this information in some cases to launch highly-targeted attacks as part of their broader campaign,\" Microsoft said.</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>Microsoft says new breach discovered in probe of suspected SolarWinds hackers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft says new breach discovered in probe of suspected SolarWinds hackers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-26 06:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.</p>\n<p>The company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds and Microsoft.</p>\n<p>Microsoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May.</p>\n<p>\"A sophisticated Nation-State associated actor that Microsoft identifies as NOBELLIUM accessed Microsoft customer support tools to review information regarding your Microsoft Services subscriptions,\" the warning reads in part.</p>\n<p>After Reuters asked about that warning, Microsoft announced the breach publicly.</p>\n<p>After commenting on a broader phishing campaign that it said had compromised a small number of entities, Microsoft said it had also found the breach of its own agent, who it said had limited powers.</p>\n<p>The agent could see billing contact information and what services the customers pay for, among other things.</p>\n<p>\"The actor used this information in some cases to launch highly-targeted attacks as part of their broader campaign,\" Microsoft said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146031140","content_text":"SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.\nThe company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds and Microsoft.\nMicrosoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May.\n\"A sophisticated Nation-State associated actor that Microsoft identifies as NOBELLIUM accessed Microsoft customer support tools to review information regarding your Microsoft Services subscriptions,\" the warning reads in part.\nAfter Reuters asked about that warning, Microsoft announced the breach publicly.\nAfter commenting on a broader phishing campaign that it said had compromised a small number of entities, Microsoft said it had also found the breach of its own agent, who it said had limited powers.\nThe agent could see billing contact information and what services the customers pay for, among other things.\n\"The actor used this information in some cases to launch highly-targeted attacks as part of their broader campaign,\" Microsoft said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124658342,"gmtCreate":1624763639686,"gmtModify":1703844691546,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124658342","repostId":"1164137597","repostType":4,"repost":{"id":"1164137597","pubTimestamp":1624671774,"share":"https://ttm.financial/m/news/1164137597?lang=&edition=fundamental","pubTime":"2021-06-26 09:42","market":"us","language":"en","title":"Alibaba: Can BABA Get Back To $300? Yes, It Can","url":"https://stock-news.laohu8.com/highlight/detail?id=1164137597","media":"seekingalpha","summary":"The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.Alibaba is the dominant force in cloud services in China which could become a significant revenue g","content":"<p><b>Summary</b></p>\n<ul>\n <li>The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.</li>\n <li>The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.</li>\n <li>Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.</li>\n <li>Alibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/814b0a9a0d17977f43665e2eba205b1e\" tg-width=\"1536\" tg-height=\"1024\"><span>Andrew Braun/iStock Editorial via Getty Images</span></p>\n<p>Alibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.</p>\n<p>There are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da7b532f25f563d08490ddc43cbede\" tg-width=\"640\" tg-height=\"337\"><span>(Source: Alibaba)</span></p>\n<p><b>The Alibaba printing press is open for business, and it spits out billions</b></p>\n<p>How many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as&nbsp;Facebook (FB),PepsiCo (PEP),Procter &amp; Gamble (PG),Target (TGT), and&nbsp;Johnson &amp; Johnson (JNJ)&nbsp;are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.</p>\n<p>Since 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.</p>\n<p>BABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates in<i>Warren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:</i></p>\n<blockquote>\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n</blockquote>\n<p>The gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.</p>\n<p>Moving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41a5e036f023fa4ced7666e06aa1de6b\" tg-width=\"640\" tg-height=\"444\"><span>(Source: Alibaba)</span></p>\n<p><b>Alibaba will continue to experience tailwinds as China's population and economy expands</b></p>\n<p>Alibaba&nbsp;achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.</p>\n<p>BABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth&nbsp;has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China&nbsp;is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey&nbsp;predicts&nbsp;that the middle class could expand to 550 million people which is larger than the entire U.S population.</p>\n<p>If the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbde4a092d19118a2d16daabf5c027d7\" tg-width=\"640\" tg-height=\"463\"><span>(Source: Blomberg)</span></p>\n<p><b>Alibaba has tremendous growth prospects in Cloud as China continues its digitization</b></p>\n<p>Cloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from&nbsp;AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.</p>\n<p>In China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in&nbsp;China&nbsp;grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.</p>\n<p>As China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1759b81ce463d503a165d901e2e50d7c\" tg-width=\"640\" tg-height=\"728\"><span>(Source: Canalys)</span></p>\n<p><b>Alibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates</b></p>\n<p>For this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:</p>\n<ul>\n <li>AMZN</li>\n <li>BABA</li>\n <li>GOOGL</li>\n</ul>\n<p>The market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.</p>\n<p><b>Conclusion</b></p>\n<p>It's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.</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>Alibaba: Can BABA Get Back To $300? Yes, It Can</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Can BABA Get Back To $300? Yes, It Can\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by...</p>\n\n<a href=\"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164137597","content_text":"Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.\nAlibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.\nAlibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.\n\nAndrew Braun/iStock Editorial via Getty Images\nAlibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.\nThere are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.\n(Source: Alibaba)\nThe Alibaba printing press is open for business, and it spits out billions\nHow many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as Facebook (FB),PepsiCo (PEP),Procter & Gamble (PG),Target (TGT), and Johnson & Johnson (JNJ) are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.\nSince 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.\nBABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates inWarren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:\n\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n\nThe gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.\nMoving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.\n(Source: Alibaba)\nAlibaba will continue to experience tailwinds as China's population and economy expands\nAlibaba achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.\nBABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey predicts that the middle class could expand to 550 million people which is larger than the entire U.S population.\nIf the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.\n(Source: Blomberg)\nAlibaba has tremendous growth prospects in Cloud as China continues its digitization\nCloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.\nIn China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in China grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.\nAs China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.\n(Source: Canalys)\nAlibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates\nFor this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:\n\nAMZN\nBABA\nGOOGL\n\nThe market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.\nConclusion\nIt's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124653793,"gmtCreate":1624763576612,"gmtModify":1703844689924,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124653793","repostId":"2146009942","repostType":4,"repost":{"id":"2146009942","pubTimestamp":1624753788,"share":"https://ttm.financial/m/news/2146009942?lang=&edition=fundamental","pubTime":"2021-06-27 08:29","market":"us","language":"en","title":"WallStreetBets is dying, long live the WallStreetBets movement","url":"https://stock-news.laohu8.com/highlight/detail?id=2146009942","media":"MarketWatch","summary":"Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nOlivier ","content":"<p>Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59d405b1c6d77a8a133d45a970a1f21c\" tg-width=\"1260\" tg-height=\"896\"><span>Olivier Douliery/AFP via Getty Images</span></p>\n<p>As the poet Yogi Berra once quipped, \"Nobody ever goes there anymore -- it's too crowded.\"</p>\n<p>While Berra was talking about a popular Florida restaurant in the early 1960s, he could have easily been talking about WallStreeBets in the summer of 2021, as many of the very retail investors that made the message board into a financial phenomenon are now abandoning it for newer subreddits, saying WallStreetBets has been compromised by mainstream finance's improved grasp of the power that social media has on the movement of markets.</p>\n<p>WallStreetBets became a household name in January as GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, AMC Entertainment <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> and other meme stocks announced their arrival in the form of wild short squeezes that put Wall Street on its heels, and hedge funds in hot water.</p>\n<p>The irreverent and insidery tone of the message board gave users a platform to share stock tips and rage against what they saw as unfair market structure rigged to benefit big banks and funds. It also gave birth to retail investors uniquely risqué way of communicating, calling each other \"Apes,\" encouraging each other to hold onto short squeeze stocks with \"Diamond hands\" and lusting after trading profits in the form of chicken tenders, or \"tendies.\"</p>\n<p>Users also began to share detailed investment theses in the form of \"DDs\" or deep dives, using their own analysis to promote a new stock ticker for the movement to jump in on.</p>\n<p>But since January, the success of WallStreetBets has become an albatross, with the board's moderators coming under fire for what many of the board's 10.6 million users saw as inconsistent enforcement of the rules and a growing sense that the moderators were playing it too safe in fear of angering Wall Street and regulators.</p>\n<p>There is also rampant speculation that the size and popularity of WallStreetBets has made it susceptible to bad actors trying to create pump and dump schemes by spamming old conversation threads with ticker-specific posts that give the appearance of new social media interest in that stock.</p>\n<p>Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"</p>\n<p>The shift is reminiscent of how retail investors turned on Robinhood after the popular trading app froze activity on GameStop and other stocks at the peak of January's short squeeze. That decision set off a firestorm of rage against Robinhood with many in the retail crowd alleging on social media that the app was in cahoots with the hedge funds and market makers on the other side of the squeeze.</p>\n<p>Like the Robinhood exodus, the WallStreetBets schism has led retail investors onto new platforms and other subreddits more intensely focused on investing, options and individual stocks. It has even given them the opportunity to create their own boards like r/Superstonk, a subreddit for GameStop investors that started in March with a flurry of anti-WallStreetBets posts and already has 485,000 members.</p>\n<p>\"WSB is the Robinhood of Reddit,\" <a href=\"https://laohu8.com/S/AONE\">one</a> user posted on Superstonk this week.</p>\n<p>AMC and other meme stocks have their own increasingly popular subreddits, and they appear to be the next iteration of the retail investing movement that is showing little sign of losing steam.</p>\n<p>While the mania of January has ebbed, a recent survey by financial advisory firm Betterment indicated that the majority of retail investors are committed to trading in the foreseeable future, and it stands to reason that the evolution of their trading will happen on smaller and more focused subreddits like Superstonk.</p>\n<p>As that online migration continues, WallStreetBets -- the mothership of the Reddit rally -- will have that empty nest feeling.</p>\n<p><b>LOOKING FORWARD</b></p>\n<p>Meanwhile, after good news on the progress of an infrastructure bill in Congress sent the U.S. stock market climbing again this week, from the U.S. Labor Department next Friday.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WallStreetBets is dying, long live the WallStreetBets movement</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\">\nWallStreetBets is dying, long live the WallStreetBets movement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/wallstreetbets-is-dying-long-live-the-wallstreetbets-movement-11624714750?mod=hp_LATEST><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nOlivier Douliery/AFP via Getty Images\nAs the poet Yogi Berra once quipped, \"Nobody ever goes there anymore ...</p>\n\n<a href=\"https://www.marketwatch.com/story/wallstreetbets-is-dying-long-live-the-wallstreetbets-movement-11624714750?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","AMC":"AMC院线",".DJI":"道琼斯","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/wallstreetbets-is-dying-long-live-the-wallstreetbets-movement-11624714750?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146009942","content_text":"Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nOlivier Douliery/AFP via Getty Images\nAs the poet Yogi Berra once quipped, \"Nobody ever goes there anymore -- it's too crowded.\"\nWhile Berra was talking about a popular Florida restaurant in the early 1960s, he could have easily been talking about WallStreeBets in the summer of 2021, as many of the very retail investors that made the message board into a financial phenomenon are now abandoning it for newer subreddits, saying WallStreetBets has been compromised by mainstream finance's improved grasp of the power that social media has on the movement of markets.\nWallStreetBets became a household name in January as GameStop $(GME)$, AMC Entertainment $(AMC)$ and other meme stocks announced their arrival in the form of wild short squeezes that put Wall Street on its heels, and hedge funds in hot water.\nThe irreverent and insidery tone of the message board gave users a platform to share stock tips and rage against what they saw as unfair market structure rigged to benefit big banks and funds. It also gave birth to retail investors uniquely risqué way of communicating, calling each other \"Apes,\" encouraging each other to hold onto short squeeze stocks with \"Diamond hands\" and lusting after trading profits in the form of chicken tenders, or \"tendies.\"\nUsers also began to share detailed investment theses in the form of \"DDs\" or deep dives, using their own analysis to promote a new stock ticker for the movement to jump in on.\nBut since January, the success of WallStreetBets has become an albatross, with the board's moderators coming under fire for what many of the board's 10.6 million users saw as inconsistent enforcement of the rules and a growing sense that the moderators were playing it too safe in fear of angering Wall Street and regulators.\nThere is also rampant speculation that the size and popularity of WallStreetBets has made it susceptible to bad actors trying to create pump and dump schemes by spamming old conversation threads with ticker-specific posts that give the appearance of new social media interest in that stock.\nAmong Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nThe shift is reminiscent of how retail investors turned on Robinhood after the popular trading app froze activity on GameStop and other stocks at the peak of January's short squeeze. That decision set off a firestorm of rage against Robinhood with many in the retail crowd alleging on social media that the app was in cahoots with the hedge funds and market makers on the other side of the squeeze.\nLike the Robinhood exodus, the WallStreetBets schism has led retail investors onto new platforms and other subreddits more intensely focused on investing, options and individual stocks. It has even given them the opportunity to create their own boards like r/Superstonk, a subreddit for GameStop investors that started in March with a flurry of anti-WallStreetBets posts and already has 485,000 members.\n\"WSB is the Robinhood of Reddit,\" one user posted on Superstonk this week.\nAMC and other meme stocks have their own increasingly popular subreddits, and they appear to be the next iteration of the retail investing movement that is showing little sign of losing steam.\nWhile the mania of January has ebbed, a recent survey by financial advisory firm Betterment indicated that the majority of retail investors are committed to trading in the foreseeable future, and it stands to reason that the evolution of their trading will happen on smaller and more focused subreddits like Superstonk.\nAs that online migration continues, WallStreetBets -- the mothership of the Reddit rally -- will have that empty nest feeling.\nLOOKING FORWARD\nMeanwhile, after good news on the progress of an infrastructure bill in Congress sent the U.S. stock market climbing again this week, from the U.S. Labor Department next Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124624686,"gmtCreate":1624763367845,"gmtModify":1703844684583,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124624686","repostId":"2146006003","repostType":4,"repost":{"id":"2146006003","pubTimestamp":1624756284,"share":"https://ttm.financial/m/news/2146006003?lang=&edition=fundamental","pubTime":"2021-06-27 09:11","market":"us","language":"en","title":"5 Heavily Short-Sold Stocks to Avoid Like the Plague","url":"https://stock-news.laohu8.com/highlight/detail?id=2146006003","media":"Motley Fool","summary":"There's good reason for short-sellers to have piled into these poor-performing companies.","content":"<p>When the curtain closes on 2021 in a tad over six months, there's little question this year will be remembered for the rise of the retail investor. Even though retail investors have been putting their money to work in stocks for more than a century, their collective efforts have moved markets like never before in 2021.</p>\n<p>Without getting too far into the weeds, they have been using social media platforms like Reddit as a staging ground to rally the troops and seek out stocks with very high levels of short interest. Retail investors have then been purchasing shares and out-of-the-money call options in order to effect a short squeeze -- when pessimists head for the exit at the same time. Short squeezes are quick-occurring events, but they can lead to eye-popping run-ups in the price of a stock.</p>\n<p>However, not all heavily short-sold stocks should be bought by investors. In many instances, a large short position exists because the underlying business model or industry is broken, or management is failing on multiple levels. The following five heavily short-sold stocks fit that bill, and they should all be avoided like the plague.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/777fc8df6f4a33ed67a1414839a58626\" tg-width=\"700\" tg-height=\"485\"><span>Image source: Getty Images.</span></p>\n<h2>Sundial Growers</h2>\n<p>Canadian marijuana stock <b>Sundial Growers</b> (NASDAQ:SNDL) has been a common target for short-sellers for over a year. Even with its minuscule $1 share price, almost 268 million shares were held short as of May 28. But there's a very good reason for folks to be pessimistic: Sundial's management team has been a disaster.</p>\n<p>Beginning in October 2020, management began raising capital to strengthen the company's balance sheet. Although all debts have now been paid off, the equity offerings have just kept coming. In the span of seven months and <a href=\"https://laohu8.com/S/AONE\">one</a> week, the company's outstanding share count ballooned from 509 million to 1.86 billion. Existing shareholders have been buried by management's ill-advised capital raises, and with 1.86 billion shares outstanding, the company has virtually no chance of ever producing meaningful earnings per share.</p>\n<p>Making matters worse, Sundial Growers' cannabis operations have gone up in smoke. Management made the decision to switch away from wholesale marijuana to higher-margin retail cannabis. Unfortunately, this shift has caused sales to plummet. Whereas most North American pot stocks are thriving, Sundial is stuck in reverse.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8abdae403dddfa42107e06ea5bfddf39\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2><a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a></h2>\n<p>Electric vehicles (EVs) and ancillary EV players could be some of the biggest winners over the next decade. But short-sellers are pretty convinced that <b>Blink Charging</b> (NASDAQ:BLNK), a provider of EV charging accessories and networks, won't be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of them. More than a third of the company's float (its tradable shares) are currently held short.</p>\n<p>Arguably the biggest red flag for Blink Charging is that the company doesn't look to be investing any of its more than $230 million in cash and marketable securities into research and development (R&amp;D), the cornerstone growth driver of the EV industry. Without R&amp;D, there's absolutely nothing that separates Blink Charging from its competition.</p>\n<p>Just as unnerving is the fact that Blink's sales are dubiously low for a company sporting a $1.7 billion market cap. During the first quarter, the company brought in only $2.2 million in revenue, with product sales driving the entirety of its year-over-year growth. The combination of charging service revenue and network fees actually <i>declined</i> from the pandemic-impacted first quarter of 2020. With Blink still many years away from being relevant, it makes for an easy stock to avoid.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b45c4bd410befdb22fd801c7758dfb71\" tg-width=\"700\" tg-height=\"525\"><span>Image source: Getty Images.</span></p>\n<h2>MicroStrategy</h2>\n<p>To some, <b>MicroStrategy</b> (NASDAQ:MSTR) CEO Michael Saylor is a hero or revolutionary for his willingness to add <b>Bitcoin</b> (CRYPTO:BTC) to his company's balance sheet. But I'm more inclined to side with the short-sellers who find his actions reckless.</p>\n<p>It's one thing for a company to use a percentage of excess cash to purchase Bitcoin to carry on the balance sheet. What Saylor did was issue over $2 billion in debt -- capital that MicroStrategy doesn't have -- to purchase additional Bitcoin. According to the company, it owns 105,085 Bitcoin tokens at an average price of $26,080. Taking into account that Bitcoin has had three separate drawdowns of at least 80% over the past decade, this all-in strategy could easily backfire.</p>\n<p>To boot, Saylor has seemingly ignored the company's business-intelligence segment, which is working on a six-year streak of declining sales. He's effectively turned MicroStrategy into a leveraged shell company that's completely dependent on an external factor (Bitcoin), rather than innovation. This looks like a recipe for disaster.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fa2ba495a6e7fca450016fd71257564\" tg-width=\"700\" tg-height=\"466\"><span>Now-former CEO Steve Burns standing next to an Endurance prototype EV truck. Image source: Lordstown Motors.</span></p>\n<h2>Lordstown Motors</h2>\n<p>In case you didn't get the memo the first time around, EVs are a really popular place for investors to park their cash. But investors have a tendency to overestimate how quickly new technology will be adopted, and they sometimes overlook that not all industry players will succeed. That could well be the case for the heavily short-sold electric truck company <b>Lordstown Motors</b> (NASDAQ:RIDE).</p>\n<p>In a span of six days in June, Lordstown has:</p>\n<ul>\n <li>Seen its CEO and CFO step down;</li>\n <li>Responded to a short-seller report from Hindenburg Research by noting that some statements regarding its pre-orders weren't entirely accurate; and</li>\n <li>Noted in a filing with the Securities and Exchange Commission that its current level of cash and cash equivalents won't be sufficient to launch and commercially scale its EVs.</li>\n</ul>\n<p>Building an EV company from the ground up is costly, time-consuming, and not without speed bumps (just ask <b>Tesla</b>). With a new management team taking the wheel and the company's cash situation perilous at best, it's not even clear if Lordstown will survive. Though the EV industry will have long-term winners, this company is easily avoidable for the time being.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8744238e015a39b7c43eadf4b547c75d\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>AMC Entertainment</h2>\n<p>Lastly, as if there were any doubt, heavily short-sold movie theater chain <b>AMC Entertainment Holdings</b> (NYSE:AMC) should be avoided like the plague. While Reddit traders would like to believe that manipulation is the reason behind AMC's high short interest, it actually has to do with AMC's poor operating performance and the mediocre outlook for the theater industry as a whole.</p>\n<p>For the past 19 years, ticket sales for the movie industry have been in a fairly steady decline. This is likely to continue with streaming services pushing traditional theater chains for exclusivity, and select studios shortening the exclusivity time frame of films at theaters. Even with a larger share of the theater market, AMC's pie continues to shrink.</p>\n<p>The bigger issue for AMC is that the performance of its stock doesn't come close to matching its underlying operating results. People might be returning to the theater, but AMC is still burning through a lot of capital, and it's many, <i>many</i> years away from turning a profit. That's a problem for a company with more than $5.4 billion in outstanding debt -- and the pricing of its 2027 bonds shows it.</p>\n<p>AMC is being driven by hype and misinformation, and it's not clear how long this irrationality will last. One thing that is clear is pump-and-dump schemes like this one always end poorly.</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>5 Heavily Short-Sold Stocks to Avoid Like the Plague</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\">\n5 Heavily Short-Sold Stocks to Avoid Like the Plague\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/5-heavily-short-sold-stocks-avoid-like-the-plague/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When the curtain closes on 2021 in a tad over six months, there's little question this year will be remembered for the rise of the retail investor. Even though retail investors have been putting their...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/5-heavily-short-sold-stocks-avoid-like-the-plague/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc.","BLNK":"Blink Charging","MSTR":"MicroStrategy","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/06/26/5-heavily-short-sold-stocks-avoid-like-the-plague/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146006003","content_text":"When the curtain closes on 2021 in a tad over six months, there's little question this year will be remembered for the rise of the retail investor. Even though retail investors have been putting their money to work in stocks for more than a century, their collective efforts have moved markets like never before in 2021.\nWithout getting too far into the weeds, they have been using social media platforms like Reddit as a staging ground to rally the troops and seek out stocks with very high levels of short interest. Retail investors have then been purchasing shares and out-of-the-money call options in order to effect a short squeeze -- when pessimists head for the exit at the same time. Short squeezes are quick-occurring events, but they can lead to eye-popping run-ups in the price of a stock.\nHowever, not all heavily short-sold stocks should be bought by investors. In many instances, a large short position exists because the underlying business model or industry is broken, or management is failing on multiple levels. The following five heavily short-sold stocks fit that bill, and they should all be avoided like the plague.\nImage source: Getty Images.\nSundial Growers\nCanadian marijuana stock Sundial Growers (NASDAQ:SNDL) has been a common target for short-sellers for over a year. Even with its minuscule $1 share price, almost 268 million shares were held short as of May 28. But there's a very good reason for folks to be pessimistic: Sundial's management team has been a disaster.\nBeginning in October 2020, management began raising capital to strengthen the company's balance sheet. Although all debts have now been paid off, the equity offerings have just kept coming. In the span of seven months and one week, the company's outstanding share count ballooned from 509 million to 1.86 billion. Existing shareholders have been buried by management's ill-advised capital raises, and with 1.86 billion shares outstanding, the company has virtually no chance of ever producing meaningful earnings per share.\nMaking matters worse, Sundial Growers' cannabis operations have gone up in smoke. Management made the decision to switch away from wholesale marijuana to higher-margin retail cannabis. Unfortunately, this shift has caused sales to plummet. Whereas most North American pot stocks are thriving, Sundial is stuck in reverse.\nImage source: Getty Images.\nBlink Charging\nElectric vehicles (EVs) and ancillary EV players could be some of the biggest winners over the next decade. But short-sellers are pretty convinced that Blink Charging (NASDAQ:BLNK), a provider of EV charging accessories and networks, won't be one of them. More than a third of the company's float (its tradable shares) are currently held short.\nArguably the biggest red flag for Blink Charging is that the company doesn't look to be investing any of its more than $230 million in cash and marketable securities into research and development (R&D), the cornerstone growth driver of the EV industry. Without R&D, there's absolutely nothing that separates Blink Charging from its competition.\nJust as unnerving is the fact that Blink's sales are dubiously low for a company sporting a $1.7 billion market cap. During the first quarter, the company brought in only $2.2 million in revenue, with product sales driving the entirety of its year-over-year growth. The combination of charging service revenue and network fees actually declined from the pandemic-impacted first quarter of 2020. With Blink still many years away from being relevant, it makes for an easy stock to avoid.\nImage source: Getty Images.\nMicroStrategy\nTo some, MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor is a hero or revolutionary for his willingness to add Bitcoin (CRYPTO:BTC) to his company's balance sheet. But I'm more inclined to side with the short-sellers who find his actions reckless.\nIt's one thing for a company to use a percentage of excess cash to purchase Bitcoin to carry on the balance sheet. What Saylor did was issue over $2 billion in debt -- capital that MicroStrategy doesn't have -- to purchase additional Bitcoin. According to the company, it owns 105,085 Bitcoin tokens at an average price of $26,080. Taking into account that Bitcoin has had three separate drawdowns of at least 80% over the past decade, this all-in strategy could easily backfire.\nTo boot, Saylor has seemingly ignored the company's business-intelligence segment, which is working on a six-year streak of declining sales. He's effectively turned MicroStrategy into a leveraged shell company that's completely dependent on an external factor (Bitcoin), rather than innovation. This looks like a recipe for disaster.\nNow-former CEO Steve Burns standing next to an Endurance prototype EV truck. Image source: Lordstown Motors.\nLordstown Motors\nIn case you didn't get the memo the first time around, EVs are a really popular place for investors to park their cash. But investors have a tendency to overestimate how quickly new technology will be adopted, and they sometimes overlook that not all industry players will succeed. That could well be the case for the heavily short-sold electric truck company Lordstown Motors (NASDAQ:RIDE).\nIn a span of six days in June, Lordstown has:\n\nSeen its CEO and CFO step down;\nResponded to a short-seller report from Hindenburg Research by noting that some statements regarding its pre-orders weren't entirely accurate; and\nNoted in a filing with the Securities and Exchange Commission that its current level of cash and cash equivalents won't be sufficient to launch and commercially scale its EVs.\n\nBuilding an EV company from the ground up is costly, time-consuming, and not without speed bumps (just ask Tesla). With a new management team taking the wheel and the company's cash situation perilous at best, it's not even clear if Lordstown will survive. Though the EV industry will have long-term winners, this company is easily avoidable for the time being.\nImage source: Getty Images.\nAMC Entertainment\nLastly, as if there were any doubt, heavily short-sold movie theater chain AMC Entertainment Holdings (NYSE:AMC) should be avoided like the plague. While Reddit traders would like to believe that manipulation is the reason behind AMC's high short interest, it actually has to do with AMC's poor operating performance and the mediocre outlook for the theater industry as a whole.\nFor the past 19 years, ticket sales for the movie industry have been in a fairly steady decline. This is likely to continue with streaming services pushing traditional theater chains for exclusivity, and select studios shortening the exclusivity time frame of films at theaters. Even with a larger share of the theater market, AMC's pie continues to shrink.\nThe bigger issue for AMC is that the performance of its stock doesn't come close to matching its underlying operating results. People might be returning to the theater, but AMC is still burning through a lot of capital, and it's many, many years away from turning a profit. That's a problem for a company with more than $5.4 billion in outstanding debt -- and the pricing of its 2027 bonds shows it.\nAMC is being driven by hype and misinformation, and it's not clear how long this irrationality will last. One thing that is clear is pump-and-dump schemes like this one always end poorly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":158959029,"gmtCreate":1625125283761,"gmtModify":1703736617481,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158959029","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","pubTimestamp":1625094708,"share":"https://ttm.financial/m/news/1178516480?lang=&edition=fundamental","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&amp;P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&amp;P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&amp;P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&amp;P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&amp;P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&amp;P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</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>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</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\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143730178,"gmtCreate":1625816266994,"gmtModify":1703749121633,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143730178","repostId":"1119741032","repostType":4,"repost":{"id":"1119741032","pubTimestamp":1625803532,"share":"https://ttm.financial/m/news/1119741032?lang=&edition=fundamental","pubTime":"2021-07-09 12:05","market":"us","language":"en","title":"5 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge","url":"https://stock-news.laohu8.com/highlight/detail?id=1119741032","media":"24/7 wall street","summary":"Just last month, we were being warned that interest rates were ready to move meaningfully higher as ","content":"<p><a href=\"https://laohu8.com/S/JE\">Just</a> last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we have been stuck in for years. Then, seemingly out of nowhere, rates have dived lower, with the 10-year Treasury trading at a 1.32% yield, down from near 1.70% at the end of May. The benchmark 30-year Treasury bond is back at the 1.94% level. These are the lowest interest rate levels since last winter.</p>\n<p>For income investors, this is another setback in what has become over a ten-year problem. While rates certainly could rise again, <a href=\"https://laohu8.com/S/AONE\">one</a> thing seems certain: the Federal Reserve will not raise rates until it is positive the economy is back at full strength. The only move the Fed looks poised to make in the near term is the beginning of the tapering of the $120 billion per month purchase of Treasury and mortgage debt.</p>\n<p>We screened the BofA Securities research universe looking for blue chip stocks rated Buy that paid at least a 4% dividend. We found five that are very appealing now to growth and income investors. While all are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.</p>\n<p><a href=\"https://laohu8.com/S/MO\">Altria</a></p>\n<p>This maker of tobacco products offers value investors a great entry point now and was hit recently as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.</p>\n<p>Altria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.</p>\n<p>BofA Securities is very favorable toward the company’s plans for the future:</p>\n<blockquote>\n Management presented at CAGNY (Consumer Analyst Group of <a href=\"https://laohu8.com/S/NWY\">New York</a>) where it discussed a new corporate focus on ESG, additional details on its IQOS plans and its “Moving beyond smoking” 10-yr plan. Smokeables (cigarettes/cigars) will remain an important part of its strategy, providing funding behind its long-term growth and shareholder returns. Over the last 5-yrs, smokeable and other comprehensive income grew at a 5.5% compounded annual growth rate despite volume declines.\n</blockquote>\n<p>Shareholders receive a 7.35% dividend. The analyst has a $58 target price on the shares, while the consensus target is lower at $53.89. Altria stock closed on Wednesday at $46.79 per share.</p>\n<p><a href=\"https://laohu8.com/S/CVX\">Chevron</a></p>\n<p>This energy giant is a solid way for investors who are more conservative to be positioned in the sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.</p>\n<p>With the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (<a href=\"https://laohu8.com/S/NBL\">Noble</a> integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.</p>\n<p><a href=\"https://laohu8.com/S/IBM\">IBM</a></p>\n<p>This old-school tech giant still offers investors a very solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.</p>\n<p>The company integrates its hardware products with its software and services offerings in order to provide high-value solutions. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.</p>\n<p>CEO Ginni Rommety, who had been in the position since 2012, stepped down in January, and the stock market greeted the news in a very positive manner. Arvind Krishna, who has led the company’s cloud computing business, became the new chief executive. Rometty will remain as executive board chair until the end of the year.</p>\n<p>Holders of IBM stock receive a 4.69% dividend. The $175 BofA Securities price target is well above the $144.14 consensus figure. The shares closed at $139.82 on Wednesday.</p>\n<p>Shareholders receive a 5.21% dividend, which analysts feel comfortable will remain at current levels. The BofA Securities price target is $125, which compares to a $122.48 consensus target and the last Chevron stock trade on Wednesday at $102.93 a share.</p>\n<p>LyondellBasell</p>\n<p>This top chemical company with a sterling balance sheet is another solid play for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.</p>\n<p>Over half of earnings are generated in the company’s Olefins and Polyolefins Americas segment, where costs are linked to the price of cheap natural gas in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States, while selling prices are correlated with the price of oil. The company has pursued a strategy of low-cost, high return on invested capital debottlenecks coupled with cash returns to shareholders.</p>\n<p>Note that debottlenecking is the process of identifying specific areas or equipment in oil and gas facilities that limit the flow of product (known as bottlenecks) and optimizing them so that overall capacity in the plant can be increased.</p>\n<p>The company offers a 4.50% dividend. BofA Securities has set a $117 price target. The consensus target is $118.41, and LyondellBasell stock ended Wednesday at $100.40 a share.</p>","source":"lsy1620372341666","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>5 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\n5 Blue Chip Stocks to Buy With Huge Dividends as Interest Rates Plunge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 12:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/><strong>24/7 wall street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Just last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we ...</p>\n\n<a href=\"https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://247wallst.com/investing/2021/07/08/5-blue-chip-stocks-to-buy-with-huge-dividends-as-interest-rates-plunge/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119741032","content_text":"Just last month, we were being warned that interest rates were ready to move meaningfully higher as inflation and the Federal Reserve were teaming up to end the massive low interest rate paradigm we have been stuck in for years. Then, seemingly out of nowhere, rates have dived lower, with the 10-year Treasury trading at a 1.32% yield, down from near 1.70% at the end of May. The benchmark 30-year Treasury bond is back at the 1.94% level. These are the lowest interest rate levels since last winter.\nFor income investors, this is another setback in what has become over a ten-year problem. While rates certainly could rise again, one thing seems certain: the Federal Reserve will not raise rates until it is positive the economy is back at full strength. The only move the Fed looks poised to make in the near term is the beginning of the tapering of the $120 billion per month purchase of Treasury and mortgage debt.\nWe screened the BofA Securities research universe looking for blue chip stocks rated Buy that paid at least a 4% dividend. We found five that are very appealing now to growth and income investors. While all are rated Buy, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.\nAltria\nThis maker of tobacco products offers value investors a great entry point now and was hit recently as cigarette sales have slowed. Altria Group Inc. (NYSE: MO) is the parent company of Philip Morris USA (cigarettes), UST (smokeless), John Middleton (cigars), Ste. Michelle Wine Estates and Philip Morris Capital. PMUSA enjoys a 51% share of the U.S. cigarette market, led by its top cigarette brand Marlboro.\nAltria also owns over 10% of Anheuser-Busch InBev, the world’s largest brewer. In March 2008, it spun off its international cigarette business to shareholders. In December 2018, the company acquired 35% of Juul Labs, and it has purchased a 45% stake in cannabis company Cronus for $1.8 billion.\nBofA Securities is very favorable toward the company’s plans for the future:\n\n Management presented at CAGNY (Consumer Analyst Group of New York) where it discussed a new corporate focus on ESG, additional details on its IQOS plans and its “Moving beyond smoking” 10-yr plan. Smokeables (cigarettes/cigars) will remain an important part of its strategy, providing funding behind its long-term growth and shareholder returns. Over the last 5-yrs, smokeable and other comprehensive income grew at a 5.5% compounded annual growth rate despite volume declines.\n\nShareholders receive a 7.35% dividend. The analyst has a $58 target price on the shares, while the consensus target is lower at $53.89. Altria stock closed on Wednesday at $46.79 per share.\nChevron\nThis energy giant is a solid way for investors who are more conservative to be positioned in the sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.\nWith the strongest financial base of the majors, coupled with an attractive relative asset base, many on Wall Street feel that Chevron offers the most straightforwardly positive risk/reward. Although current conditions do not warrant a large focus on production growth, Chevron possesses numerous medium-term drivers (Noble integration, Permian, TCO/WPMP expansion, Gulf of Mexico exploration, Vaca Muerta, and so on) that should support production levels in the coming years.\nIBM\nThis old-school tech giant still offers investors a very solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.\nThe company integrates its hardware products with its software and services offerings in order to provide high-value solutions. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.\nCEO Ginni Rommety, who had been in the position since 2012, stepped down in January, and the stock market greeted the news in a very positive manner. Arvind Krishna, who has led the company’s cloud computing business, became the new chief executive. Rometty will remain as executive board chair until the end of the year.\nHolders of IBM stock receive a 4.69% dividend. The $175 BofA Securities price target is well above the $144.14 consensus figure. The shares closed at $139.82 on Wednesday.\nShareholders receive a 5.21% dividend, which analysts feel comfortable will remain at current levels. The BofA Securities price target is $125, which compares to a $122.48 consensus target and the last Chevron stock trade on Wednesday at $102.93 a share.\nLyondellBasell\nThis top chemical company with a sterling balance sheet is another solid play for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.\nOver half of earnings are generated in the company’s Olefins and Polyolefins Americas segment, where costs are linked to the price of cheap natural gas in the United States, while selling prices are correlated with the price of oil. The company has pursued a strategy of low-cost, high return on invested capital debottlenecks coupled with cash returns to shareholders.\nNote that debottlenecking is the process of identifying specific areas or equipment in oil and gas facilities that limit the flow of product (known as bottlenecks) and optimizing them so that overall capacity in the plant can be increased.\nThe company offers a 4.50% dividend. BofA Securities has set a $117 price target. The consensus target is $118.41, and LyondellBasell stock ended Wednesday at $100.40 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124658342,"gmtCreate":1624763639686,"gmtModify":1703844691546,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124658342","repostId":"1164137597","repostType":4,"repost":{"id":"1164137597","pubTimestamp":1624671774,"share":"https://ttm.financial/m/news/1164137597?lang=&edition=fundamental","pubTime":"2021-06-26 09:42","market":"us","language":"en","title":"Alibaba: Can BABA Get Back To $300? Yes, It Can","url":"https://stock-news.laohu8.com/highlight/detail?id=1164137597","media":"seekingalpha","summary":"The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.Alibaba is the dominant force in cloud services in China which could become a significant revenue g","content":"<p><b>Summary</b></p>\n<ul>\n <li>The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.</li>\n <li>The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.</li>\n <li>Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.</li>\n <li>Alibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/814b0a9a0d17977f43665e2eba205b1e\" tg-width=\"1536\" tg-height=\"1024\"><span>Andrew Braun/iStock Editorial via Getty Images</span></p>\n<p>Alibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.</p>\n<p>There are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da7b532f25f563d08490ddc43cbede\" tg-width=\"640\" tg-height=\"337\"><span>(Source: Alibaba)</span></p>\n<p><b>The Alibaba printing press is open for business, and it spits out billions</b></p>\n<p>How many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as&nbsp;Facebook (FB),PepsiCo (PEP),Procter &amp; Gamble (PG),Target (TGT), and&nbsp;Johnson &amp; Johnson (JNJ)&nbsp;are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.</p>\n<p>Since 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.</p>\n<p>BABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates in<i>Warren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:</i></p>\n<blockquote>\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n</blockquote>\n<p>The gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.</p>\n<p>Moving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41a5e036f023fa4ced7666e06aa1de6b\" tg-width=\"640\" tg-height=\"444\"><span>(Source: Alibaba)</span></p>\n<p><b>Alibaba will continue to experience tailwinds as China's population and economy expands</b></p>\n<p>Alibaba&nbsp;achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.</p>\n<p>BABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth&nbsp;has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China&nbsp;is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey&nbsp;predicts&nbsp;that the middle class could expand to 550 million people which is larger than the entire U.S population.</p>\n<p>If the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbde4a092d19118a2d16daabf5c027d7\" tg-width=\"640\" tg-height=\"463\"><span>(Source: Blomberg)</span></p>\n<p><b>Alibaba has tremendous growth prospects in Cloud as China continues its digitization</b></p>\n<p>Cloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from&nbsp;AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.</p>\n<p>In China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in&nbsp;China&nbsp;grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.</p>\n<p>As China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1759b81ce463d503a165d901e2e50d7c\" tg-width=\"640\" tg-height=\"728\"><span>(Source: Canalys)</span></p>\n<p><b>Alibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates</b></p>\n<p>For this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:</p>\n<ul>\n <li>AMZN</li>\n <li>BABA</li>\n <li>GOOGL</li>\n</ul>\n<p>The market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.</p>\n<p><b>Conclusion</b></p>\n<p>It's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.</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>Alibaba: Can BABA Get Back To $300? Yes, It Can</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Can BABA Get Back To $300? Yes, It Can\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by...</p>\n\n<a href=\"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164137597","content_text":"Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.\nAlibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.\nAlibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.\n\nAndrew Braun/iStock Editorial via Getty Images\nAlibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.\nThere are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.\n(Source: Alibaba)\nThe Alibaba printing press is open for business, and it spits out billions\nHow many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as Facebook (FB),PepsiCo (PEP),Procter & Gamble (PG),Target (TGT), and Johnson & Johnson (JNJ) are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.\nSince 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.\nBABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates inWarren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:\n\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n\nThe gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.\nMoving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.\n(Source: Alibaba)\nAlibaba will continue to experience tailwinds as China's population and economy expands\nAlibaba achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.\nBABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey predicts that the middle class could expand to 550 million people which is larger than the entire U.S population.\nIf the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.\n(Source: Blomberg)\nAlibaba has tremendous growth prospects in Cloud as China continues its digitization\nCloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.\nIn China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in China grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.\nAs China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.\n(Source: Canalys)\nAlibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates\nFor this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:\n\nAMZN\nBABA\nGOOGL\n\nThe market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.\nConclusion\nIt's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124624686,"gmtCreate":1624763367845,"gmtModify":1703844684583,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124624686","repostId":"2146006003","repostType":4,"repost":{"id":"2146006003","pubTimestamp":1624756284,"share":"https://ttm.financial/m/news/2146006003?lang=&edition=fundamental","pubTime":"2021-06-27 09:11","market":"us","language":"en","title":"5 Heavily Short-Sold Stocks to Avoid Like the Plague","url":"https://stock-news.laohu8.com/highlight/detail?id=2146006003","media":"Motley Fool","summary":"There's good reason for short-sellers to have piled into these poor-performing companies.","content":"<p>When the curtain closes on 2021 in a tad over six months, there's little question this year will be remembered for the rise of the retail investor. Even though retail investors have been putting their money to work in stocks for more than a century, their collective efforts have moved markets like never before in 2021.</p>\n<p>Without getting too far into the weeds, they have been using social media platforms like Reddit as a staging ground to rally the troops and seek out stocks with very high levels of short interest. Retail investors have then been purchasing shares and out-of-the-money call options in order to effect a short squeeze -- when pessimists head for the exit at the same time. Short squeezes are quick-occurring events, but they can lead to eye-popping run-ups in the price of a stock.</p>\n<p>However, not all heavily short-sold stocks should be bought by investors. In many instances, a large short position exists because the underlying business model or industry is broken, or management is failing on multiple levels. The following five heavily short-sold stocks fit that bill, and they should all be avoided like the plague.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/777fc8df6f4a33ed67a1414839a58626\" tg-width=\"700\" tg-height=\"485\"><span>Image source: Getty Images.</span></p>\n<h2>Sundial Growers</h2>\n<p>Canadian marijuana stock <b>Sundial Growers</b> (NASDAQ:SNDL) has been a common target for short-sellers for over a year. Even with its minuscule $1 share price, almost 268 million shares were held short as of May 28. But there's a very good reason for folks to be pessimistic: Sundial's management team has been a disaster.</p>\n<p>Beginning in October 2020, management began raising capital to strengthen the company's balance sheet. Although all debts have now been paid off, the equity offerings have just kept coming. In the span of seven months and <a href=\"https://laohu8.com/S/AONE\">one</a> week, the company's outstanding share count ballooned from 509 million to 1.86 billion. Existing shareholders have been buried by management's ill-advised capital raises, and with 1.86 billion shares outstanding, the company has virtually no chance of ever producing meaningful earnings per share.</p>\n<p>Making matters worse, Sundial Growers' cannabis operations have gone up in smoke. Management made the decision to switch away from wholesale marijuana to higher-margin retail cannabis. Unfortunately, this shift has caused sales to plummet. Whereas most North American pot stocks are thriving, Sundial is stuck in reverse.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8abdae403dddfa42107e06ea5bfddf39\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2><a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a></h2>\n<p>Electric vehicles (EVs) and ancillary EV players could be some of the biggest winners over the next decade. But short-sellers are pretty convinced that <b>Blink Charging</b> (NASDAQ:BLNK), a provider of EV charging accessories and networks, won't be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of them. More than a third of the company's float (its tradable shares) are currently held short.</p>\n<p>Arguably the biggest red flag for Blink Charging is that the company doesn't look to be investing any of its more than $230 million in cash and marketable securities into research and development (R&amp;D), the cornerstone growth driver of the EV industry. Without R&amp;D, there's absolutely nothing that separates Blink Charging from its competition.</p>\n<p>Just as unnerving is the fact that Blink's sales are dubiously low for a company sporting a $1.7 billion market cap. During the first quarter, the company brought in only $2.2 million in revenue, with product sales driving the entirety of its year-over-year growth. The combination of charging service revenue and network fees actually <i>declined</i> from the pandemic-impacted first quarter of 2020. With Blink still many years away from being relevant, it makes for an easy stock to avoid.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b45c4bd410befdb22fd801c7758dfb71\" tg-width=\"700\" tg-height=\"525\"><span>Image source: Getty Images.</span></p>\n<h2>MicroStrategy</h2>\n<p>To some, <b>MicroStrategy</b> (NASDAQ:MSTR) CEO Michael Saylor is a hero or revolutionary for his willingness to add <b>Bitcoin</b> (CRYPTO:BTC) to his company's balance sheet. But I'm more inclined to side with the short-sellers who find his actions reckless.</p>\n<p>It's one thing for a company to use a percentage of excess cash to purchase Bitcoin to carry on the balance sheet. What Saylor did was issue over $2 billion in debt -- capital that MicroStrategy doesn't have -- to purchase additional Bitcoin. According to the company, it owns 105,085 Bitcoin tokens at an average price of $26,080. Taking into account that Bitcoin has had three separate drawdowns of at least 80% over the past decade, this all-in strategy could easily backfire.</p>\n<p>To boot, Saylor has seemingly ignored the company's business-intelligence segment, which is working on a six-year streak of declining sales. He's effectively turned MicroStrategy into a leveraged shell company that's completely dependent on an external factor (Bitcoin), rather than innovation. This looks like a recipe for disaster.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fa2ba495a6e7fca450016fd71257564\" tg-width=\"700\" tg-height=\"466\"><span>Now-former CEO Steve Burns standing next to an Endurance prototype EV truck. Image source: Lordstown Motors.</span></p>\n<h2>Lordstown Motors</h2>\n<p>In case you didn't get the memo the first time around, EVs are a really popular place for investors to park their cash. But investors have a tendency to overestimate how quickly new technology will be adopted, and they sometimes overlook that not all industry players will succeed. That could well be the case for the heavily short-sold electric truck company <b>Lordstown Motors</b> (NASDAQ:RIDE).</p>\n<p>In a span of six days in June, Lordstown has:</p>\n<ul>\n <li>Seen its CEO and CFO step down;</li>\n <li>Responded to a short-seller report from Hindenburg Research by noting that some statements regarding its pre-orders weren't entirely accurate; and</li>\n <li>Noted in a filing with the Securities and Exchange Commission that its current level of cash and cash equivalents won't be sufficient to launch and commercially scale its EVs.</li>\n</ul>\n<p>Building an EV company from the ground up is costly, time-consuming, and not without speed bumps (just ask <b>Tesla</b>). With a new management team taking the wheel and the company's cash situation perilous at best, it's not even clear if Lordstown will survive. Though the EV industry will have long-term winners, this company is easily avoidable for the time being.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8744238e015a39b7c43eadf4b547c75d\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>AMC Entertainment</h2>\n<p>Lastly, as if there were any doubt, heavily short-sold movie theater chain <b>AMC Entertainment Holdings</b> (NYSE:AMC) should be avoided like the plague. While Reddit traders would like to believe that manipulation is the reason behind AMC's high short interest, it actually has to do with AMC's poor operating performance and the mediocre outlook for the theater industry as a whole.</p>\n<p>For the past 19 years, ticket sales for the movie industry have been in a fairly steady decline. This is likely to continue with streaming services pushing traditional theater chains for exclusivity, and select studios shortening the exclusivity time frame of films at theaters. Even with a larger share of the theater market, AMC's pie continues to shrink.</p>\n<p>The bigger issue for AMC is that the performance of its stock doesn't come close to matching its underlying operating results. People might be returning to the theater, but AMC is still burning through a lot of capital, and it's many, <i>many</i> years away from turning a profit. That's a problem for a company with more than $5.4 billion in outstanding debt -- and the pricing of its 2027 bonds shows it.</p>\n<p>AMC is being driven by hype and misinformation, and it's not clear how long this irrationality will last. One thing that is clear is pump-and-dump schemes like this one always end poorly.</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>5 Heavily Short-Sold Stocks to Avoid Like the Plague</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\">\n5 Heavily Short-Sold Stocks to Avoid Like the Plague\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/5-heavily-short-sold-stocks-avoid-like-the-plague/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When the curtain closes on 2021 in a tad over six months, there's little question this year will be remembered for the rise of the retail investor. Even though retail investors have been putting their...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/5-heavily-short-sold-stocks-avoid-like-the-plague/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc.","BLNK":"Blink Charging","MSTR":"MicroStrategy","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/06/26/5-heavily-short-sold-stocks-avoid-like-the-plague/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146006003","content_text":"When the curtain closes on 2021 in a tad over six months, there's little question this year will be remembered for the rise of the retail investor. Even though retail investors have been putting their money to work in stocks for more than a century, their collective efforts have moved markets like never before in 2021.\nWithout getting too far into the weeds, they have been using social media platforms like Reddit as a staging ground to rally the troops and seek out stocks with very high levels of short interest. Retail investors have then been purchasing shares and out-of-the-money call options in order to effect a short squeeze -- when pessimists head for the exit at the same time. Short squeezes are quick-occurring events, but they can lead to eye-popping run-ups in the price of a stock.\nHowever, not all heavily short-sold stocks should be bought by investors. In many instances, a large short position exists because the underlying business model or industry is broken, or management is failing on multiple levels. The following five heavily short-sold stocks fit that bill, and they should all be avoided like the plague.\nImage source: Getty Images.\nSundial Growers\nCanadian marijuana stock Sundial Growers (NASDAQ:SNDL) has been a common target for short-sellers for over a year. Even with its minuscule $1 share price, almost 268 million shares were held short as of May 28. But there's a very good reason for folks to be pessimistic: Sundial's management team has been a disaster.\nBeginning in October 2020, management began raising capital to strengthen the company's balance sheet. Although all debts have now been paid off, the equity offerings have just kept coming. In the span of seven months and one week, the company's outstanding share count ballooned from 509 million to 1.86 billion. Existing shareholders have been buried by management's ill-advised capital raises, and with 1.86 billion shares outstanding, the company has virtually no chance of ever producing meaningful earnings per share.\nMaking matters worse, Sundial Growers' cannabis operations have gone up in smoke. Management made the decision to switch away from wholesale marijuana to higher-margin retail cannabis. Unfortunately, this shift has caused sales to plummet. Whereas most North American pot stocks are thriving, Sundial is stuck in reverse.\nImage source: Getty Images.\nBlink Charging\nElectric vehicles (EVs) and ancillary EV players could be some of the biggest winners over the next decade. But short-sellers are pretty convinced that Blink Charging (NASDAQ:BLNK), a provider of EV charging accessories and networks, won't be one of them. More than a third of the company's float (its tradable shares) are currently held short.\nArguably the biggest red flag for Blink Charging is that the company doesn't look to be investing any of its more than $230 million in cash and marketable securities into research and development (R&D), the cornerstone growth driver of the EV industry. Without R&D, there's absolutely nothing that separates Blink Charging from its competition.\nJust as unnerving is the fact that Blink's sales are dubiously low for a company sporting a $1.7 billion market cap. During the first quarter, the company brought in only $2.2 million in revenue, with product sales driving the entirety of its year-over-year growth. The combination of charging service revenue and network fees actually declined from the pandemic-impacted first quarter of 2020. With Blink still many years away from being relevant, it makes for an easy stock to avoid.\nImage source: Getty Images.\nMicroStrategy\nTo some, MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor is a hero or revolutionary for his willingness to add Bitcoin (CRYPTO:BTC) to his company's balance sheet. But I'm more inclined to side with the short-sellers who find his actions reckless.\nIt's one thing for a company to use a percentage of excess cash to purchase Bitcoin to carry on the balance sheet. What Saylor did was issue over $2 billion in debt -- capital that MicroStrategy doesn't have -- to purchase additional Bitcoin. According to the company, it owns 105,085 Bitcoin tokens at an average price of $26,080. Taking into account that Bitcoin has had three separate drawdowns of at least 80% over the past decade, this all-in strategy could easily backfire.\nTo boot, Saylor has seemingly ignored the company's business-intelligence segment, which is working on a six-year streak of declining sales. He's effectively turned MicroStrategy into a leveraged shell company that's completely dependent on an external factor (Bitcoin), rather than innovation. This looks like a recipe for disaster.\nNow-former CEO Steve Burns standing next to an Endurance prototype EV truck. Image source: Lordstown Motors.\nLordstown Motors\nIn case you didn't get the memo the first time around, EVs are a really popular place for investors to park their cash. But investors have a tendency to overestimate how quickly new technology will be adopted, and they sometimes overlook that not all industry players will succeed. That could well be the case for the heavily short-sold electric truck company Lordstown Motors (NASDAQ:RIDE).\nIn a span of six days in June, Lordstown has:\n\nSeen its CEO and CFO step down;\nResponded to a short-seller report from Hindenburg Research by noting that some statements regarding its pre-orders weren't entirely accurate; and\nNoted in a filing with the Securities and Exchange Commission that its current level of cash and cash equivalents won't be sufficient to launch and commercially scale its EVs.\n\nBuilding an EV company from the ground up is costly, time-consuming, and not without speed bumps (just ask Tesla). With a new management team taking the wheel and the company's cash situation perilous at best, it's not even clear if Lordstown will survive. Though the EV industry will have long-term winners, this company is easily avoidable for the time being.\nImage source: Getty Images.\nAMC Entertainment\nLastly, as if there were any doubt, heavily short-sold movie theater chain AMC Entertainment Holdings (NYSE:AMC) should be avoided like the plague. While Reddit traders would like to believe that manipulation is the reason behind AMC's high short interest, it actually has to do with AMC's poor operating performance and the mediocre outlook for the theater industry as a whole.\nFor the past 19 years, ticket sales for the movie industry have been in a fairly steady decline. This is likely to continue with streaming services pushing traditional theater chains for exclusivity, and select studios shortening the exclusivity time frame of films at theaters. Even with a larger share of the theater market, AMC's pie continues to shrink.\nThe bigger issue for AMC is that the performance of its stock doesn't come close to matching its underlying operating results. People might be returning to the theater, but AMC is still burning through a lot of capital, and it's many, many years away from turning a profit. That's a problem for a company with more than $5.4 billion in outstanding debt -- and the pricing of its 2027 bonds shows it.\nAMC is being driven by hype and misinformation, and it's not clear how long this irrationality will last. One thing that is clear is pump-and-dump schemes like this one always end poorly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140967692,"gmtCreate":1625624395016,"gmtModify":1703745148848,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140967692","repostId":"1189309849","repostType":4,"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158950487,"gmtCreate":1625125244649,"gmtModify":1703736616826,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158950487","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","pubTimestamp":1625094708,"share":"https://ttm.financial/m/news/1178516480?lang=&edition=fundamental","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&amp;P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&amp;P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&amp;P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&amp;P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&amp;P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&amp;P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</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>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159473495,"gmtCreate":1624978405717,"gmtModify":1703849397485,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159473495","repostId":"1165468426","repostType":4,"repost":{"id":"1165468426","pubTimestamp":1624976964,"share":"https://ttm.financial/m/news/1165468426?lang=&edition=fundamental","pubTime":"2021-06-29 22:29","market":"us","language":"en","title":"Facebook Could Be A $500 Stock After Court Tosses FTC Case","url":"https://stock-news.laohu8.com/highlight/detail?id=1165468426","media":"seekingalpha","summary":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits","content":"<p><b>Summary</b></p>\n<ul>\n <li>Wins in court against the FTC and States clear up regulatory headwinds.</li>\n <li>Substantial profits will grow throughout the year.</li>\n <li>Facebook may not have much to fear from future regulation either.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e924941f95567d72af0984753c0d9302\" tg-width=\"1536\" tg-height=\"1024\"><span>naruecha jenthaisong/Moment via Getty Images</span></p>\n<p>I started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.</p>\n<p><b>Facebook scores two wins in court</b></p>\n<p>Facebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.</p>\n<p>In the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.</p>\n<p>The court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).</p>\n<p>In the second case,the court held even more strongly in favor of Facebook&nbsp;and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.</p>\n<p>Legally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.</p>\n<p>As noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.</p>\n<p>Normally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.</p>\n<p>To the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.</p>\n<p>Fourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.</p>\n<p><b>Future Regulation Shouldn't Worry Facebook</b></p>\n<p>Based on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.</p>\n<p>First and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ae2b9ff7e9edb953d2fae3807d1815a\" tg-width=\"640\" tg-height=\"409\"><span>Source: Seeking Alpha</span></p>\n<p>Regulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.</p>\n<p>Second, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.</p>\n<p>Third, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.</p>\n<p>So if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.</p>\n<p><b>Facebook's Recent Earnings are great</b></p>\n<p>Even in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f921d22e5694000a51c60e069de30b52\" tg-width=\"640\" tg-height=\"304\"><span>Source: Facebook</span></p>\n<p>Revenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.</p>\n<p>If all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a&nbsp;<b>market capitalization of $1,019 billion $359/share</b>. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.</p>\n<p><b>Estimating this year's earning - much, much higher</b></p>\n<p>In the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3db9a4108a92e18a59dbb1923cd9c903\" tg-width=\"640\" tg-height=\"174\"><span>Source: Facebook</span></p>\n<p>It's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.</p>\n<p>Facebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e25d73bdd71d2f841ab92917e27cee44\" tg-width=\"640\" tg-height=\"429\"><span>Source: Facebook</span></p>\n<p>As well as revenue:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79d68ef6536f200bbffa310ad257a3ed\" tg-width=\"640\" tg-height=\"430\"><span>Source: Facebook</span></p>\n<p>and net income:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7d23e558cff9eb15938c953982d5795\" tg-width=\"640\" tg-height=\"381\"><span>Source: Facebook</span></p>\n<p>Looking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.</p>\n<p>I've made my own spreadsheet of this information:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd491880ca77778e76d41d367223b669\" tg-width=\"640\" tg-height=\"151\"><span>Source: Author</span></p>\n<p>In light of those numbers showing:</p>\n<p>(1) MAU grows every quarter, but</p>\n<p>(2) Revenue and Net Income change with the seasons,</p>\n<p>I'm willing to make some rough guesses about the rest of this year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c413f3304ab59e2ca2b56822ee4465c\" tg-width=\"640\" tg-height=\"114\"><span>Source: Author</span></p>\n<p>To arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.</p>\n<p>I estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!</p>\n<p>If these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully&nbsp;<b>undervalued at a market cap of $1,130 billion or $398/share</b>. Because of the growth we see, I really don't think it's unreasonable to arrive at&nbsp;<b>fair value with a 33x multiple on the stock for $1,461 billion or $526/share</b>.</p>\n<p><b>Global Growth and New Products add upside</b></p>\n<p>The estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.</p>\n<p>Facebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.</p>\n<p><b>Conclusion</b></p>\n<p>With legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"</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>Facebook Could Be A $500 Stock After Court Tosses FTC Case</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\">\nFacebook Could Be A $500 Stock After Court Tosses FTC Case\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165468426","content_text":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\nnaruecha jenthaisong/Moment via Getty Images\nI started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.\nFacebook scores two wins in court\nFacebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.\nIn the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.\nThe court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).\nIn the second case,the court held even more strongly in favor of Facebook and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.\nLegally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.\nAs noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.\nNormally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.\nTo the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.\nFourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.\nFuture Regulation Shouldn't Worry Facebook\nBased on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.\nFirst and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:\nSource: Seeking Alpha\nRegulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.\nSecond, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.\nThird, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.\nSo if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.\nFacebook's Recent Earnings are great\nEven in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:\nSource: Facebook\nRevenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.\nIf all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a market capitalization of $1,019 billion $359/share. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.\nEstimating this year's earning - much, much higher\nIn the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:\nSource: Facebook\nIt's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.\nFacebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:\nSource: Facebook\nAs well as revenue:\nSource: Facebook\nand net income:\nSource: Facebook\nLooking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.\nI've made my own spreadsheet of this information:\nSource: Author\nIn light of those numbers showing:\n(1) MAU grows every quarter, but\n(2) Revenue and Net Income change with the seasons,\nI'm willing to make some rough guesses about the rest of this year:\nSource: Author\nTo arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.\nI estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!\nIf these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully undervalued at a market cap of $1,130 billion or $398/share. Because of the growth we see, I really don't think it's unreasonable to arrive at fair value with a 33x multiple on the stock for $1,461 billion or $526/share.\nGlobal Growth and New Products add upside\nThe estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.\nFacebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.\nConclusion\nWith legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124656521,"gmtCreate":1624763719763,"gmtModify":1703844703517,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124656521","repostId":"2146031140","repostType":4,"repost":{"id":"2146031140","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624660604,"share":"https://ttm.financial/m/news/2146031140?lang=&edition=fundamental","pubTime":"2021-06-26 06:36","market":"us","language":"en","title":"Microsoft says new breach discovered in probe of suspected SolarWinds hackers","url":"https://stock-news.laohu8.com/highlight/detail?id=2146031140","media":"Reuters","summary":"SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its","content":"<p>SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.</p>\n<p>The company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds and Microsoft.</p>\n<p>Microsoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May.</p>\n<p>\"A sophisticated Nation-State associated actor that Microsoft identifies as NOBELLIUM accessed Microsoft customer support tools to review information regarding your Microsoft Services subscriptions,\" the warning reads in part.</p>\n<p>After Reuters asked about that warning, Microsoft announced the breach publicly.</p>\n<p>After commenting on a broader phishing campaign that it said had compromised a small number of entities, Microsoft said it had also found the breach of its own agent, who it said had limited powers.</p>\n<p>The agent could see billing contact information and what services the customers pay for, among other things.</p>\n<p>\"The actor used this information in some cases to launch highly-targeted attacks as part of their broader campaign,\" Microsoft said.</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>Microsoft says new breach discovered in probe of suspected SolarWinds hackers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft says new breach discovered in probe of suspected SolarWinds hackers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-26 06:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.</p>\n<p>The company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds and Microsoft.</p>\n<p>Microsoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May.</p>\n<p>\"A sophisticated Nation-State associated actor that Microsoft identifies as NOBELLIUM accessed Microsoft customer support tools to review information regarding your Microsoft Services subscriptions,\" the warning reads in part.</p>\n<p>After Reuters asked about that warning, Microsoft announced the breach publicly.</p>\n<p>After commenting on a broader phishing campaign that it said had compromised a small number of entities, Microsoft said it had also found the breach of its own agent, who it said had limited powers.</p>\n<p>The agent could see billing contact information and what services the customers pay for, among other things.</p>\n<p>\"The actor used this information in some cases to launch highly-targeted attacks as part of their broader campaign,\" Microsoft said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146031140","content_text":"SAN FRANCISCO, June 25 (Reuters) - Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.\nThe company said it had found the compromise during its response to hacks by a team it identifies as responsible for earlier major breaches at SolarWinds and Microsoft.\nMicrosoft said it had warned the affected customers. A copy of one warning seen by Reuters said that the attacker belonged to the group Microsoft calls Nobelium and that it had access during the second half of May.\n\"A sophisticated Nation-State associated actor that Microsoft identifies as NOBELLIUM accessed Microsoft customer support tools to review information regarding your Microsoft Services subscriptions,\" the warning reads in part.\nAfter Reuters asked about that warning, Microsoft announced the breach publicly.\nAfter commenting on a broader phishing campaign that it said had compromised a small number of entities, Microsoft said it had also found the breach of its own agent, who it said had limited powers.\nThe agent could see billing contact information and what services the customers pay for, among other things.\n\"The actor used this information in some cases to launch highly-targeted attacks as part of their broader campaign,\" Microsoft said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124653793,"gmtCreate":1624763576612,"gmtModify":1703844689924,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124653793","repostId":"2146009942","repostType":4,"repost":{"id":"2146009942","pubTimestamp":1624753788,"share":"https://ttm.financial/m/news/2146009942?lang=&edition=fundamental","pubTime":"2021-06-27 08:29","market":"us","language":"en","title":"WallStreetBets is dying, long live the WallStreetBets movement","url":"https://stock-news.laohu8.com/highlight/detail?id=2146009942","media":"MarketWatch","summary":"Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nOlivier ","content":"<p>Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59d405b1c6d77a8a133d45a970a1f21c\" tg-width=\"1260\" tg-height=\"896\"><span>Olivier Douliery/AFP via Getty Images</span></p>\n<p>As the poet Yogi Berra once quipped, \"Nobody ever goes there anymore -- it's too crowded.\"</p>\n<p>While Berra was talking about a popular Florida restaurant in the early 1960s, he could have easily been talking about WallStreeBets in the summer of 2021, as many of the very retail investors that made the message board into a financial phenomenon are now abandoning it for newer subreddits, saying WallStreetBets has been compromised by mainstream finance's improved grasp of the power that social media has on the movement of markets.</p>\n<p>WallStreetBets became a household name in January as GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, AMC Entertainment <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> and other meme stocks announced their arrival in the form of wild short squeezes that put Wall Street on its heels, and hedge funds in hot water.</p>\n<p>The irreverent and insidery tone of the message board gave users a platform to share stock tips and rage against what they saw as unfair market structure rigged to benefit big banks and funds. It also gave birth to retail investors uniquely risqué way of communicating, calling each other \"Apes,\" encouraging each other to hold onto short squeeze stocks with \"Diamond hands\" and lusting after trading profits in the form of chicken tenders, or \"tendies.\"</p>\n<p>Users also began to share detailed investment theses in the form of \"DDs\" or deep dives, using their own analysis to promote a new stock ticker for the movement to jump in on.</p>\n<p>But since January, the success of WallStreetBets has become an albatross, with the board's moderators coming under fire for what many of the board's 10.6 million users saw as inconsistent enforcement of the rules and a growing sense that the moderators were playing it too safe in fear of angering Wall Street and regulators.</p>\n<p>There is also rampant speculation that the size and popularity of WallStreetBets has made it susceptible to bad actors trying to create pump and dump schemes by spamming old conversation threads with ticker-specific posts that give the appearance of new social media interest in that stock.</p>\n<p>Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"</p>\n<p>The shift is reminiscent of how retail investors turned on Robinhood after the popular trading app froze activity on GameStop and other stocks at the peak of January's short squeeze. That decision set off a firestorm of rage against Robinhood with many in the retail crowd alleging on social media that the app was in cahoots with the hedge funds and market makers on the other side of the squeeze.</p>\n<p>Like the Robinhood exodus, the WallStreetBets schism has led retail investors onto new platforms and other subreddits more intensely focused on investing, options and individual stocks. It has even given them the opportunity to create their own boards like r/Superstonk, a subreddit for GameStop investors that started in March with a flurry of anti-WallStreetBets posts and already has 485,000 members.</p>\n<p>\"WSB is the Robinhood of Reddit,\" <a href=\"https://laohu8.com/S/AONE\">one</a> user posted on Superstonk this week.</p>\n<p>AMC and other meme stocks have their own increasingly popular subreddits, and they appear to be the next iteration of the retail investing movement that is showing little sign of losing steam.</p>\n<p>While the mania of January has ebbed, a recent survey by financial advisory firm Betterment indicated that the majority of retail investors are committed to trading in the foreseeable future, and it stands to reason that the evolution of their trading will happen on smaller and more focused subreddits like Superstonk.</p>\n<p>As that online migration continues, WallStreetBets -- the mothership of the Reddit rally -- will have that empty nest feeling.</p>\n<p><b>LOOKING FORWARD</b></p>\n<p>Meanwhile, after good news on the progress of an infrastructure bill in Congress sent the U.S. stock market climbing again this week, from the U.S. Labor Department next Friday.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WallStreetBets is dying, long live the WallStreetBets movement</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWallStreetBets is dying, long live the WallStreetBets movement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/wallstreetbets-is-dying-long-live-the-wallstreetbets-movement-11624714750?mod=hp_LATEST><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nOlivier Douliery/AFP via Getty Images\nAs the poet Yogi Berra once quipped, \"Nobody ever goes there anymore ...</p>\n\n<a href=\"https://www.marketwatch.com/story/wallstreetbets-is-dying-long-live-the-wallstreetbets-movement-11624714750?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","AMC":"AMC院线",".DJI":"道琼斯","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/wallstreetbets-is-dying-long-live-the-wallstreetbets-movement-11624714750?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146009942","content_text":"Among Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nOlivier Douliery/AFP via Getty Images\nAs the poet Yogi Berra once quipped, \"Nobody ever goes there anymore -- it's too crowded.\"\nWhile Berra was talking about a popular Florida restaurant in the early 1960s, he could have easily been talking about WallStreeBets in the summer of 2021, as many of the very retail investors that made the message board into a financial phenomenon are now abandoning it for newer subreddits, saying WallStreetBets has been compromised by mainstream finance's improved grasp of the power that social media has on the movement of markets.\nWallStreetBets became a household name in January as GameStop $(GME)$, AMC Entertainment $(AMC)$ and other meme stocks announced their arrival in the form of wild short squeezes that put Wall Street on its heels, and hedge funds in hot water.\nThe irreverent and insidery tone of the message board gave users a platform to share stock tips and rage against what they saw as unfair market structure rigged to benefit big banks and funds. It also gave birth to retail investors uniquely risqué way of communicating, calling each other \"Apes,\" encouraging each other to hold onto short squeeze stocks with \"Diamond hands\" and lusting after trading profits in the form of chicken tenders, or \"tendies.\"\nUsers also began to share detailed investment theses in the form of \"DDs\" or deep dives, using their own analysis to promote a new stock ticker for the movement to jump in on.\nBut since January, the success of WallStreetBets has become an albatross, with the board's moderators coming under fire for what many of the board's 10.6 million users saw as inconsistent enforcement of the rules and a growing sense that the moderators were playing it too safe in fear of angering Wall Street and regulators.\nThere is also rampant speculation that the size and popularity of WallStreetBets has made it susceptible to bad actors trying to create pump and dump schemes by spamming old conversation threads with ticker-specific posts that give the appearance of new social media interest in that stock.\nAmong Redditors who have moved on, WallStreetBets is often referred to as \"the melted sub.\"\nThe shift is reminiscent of how retail investors turned on Robinhood after the popular trading app froze activity on GameStop and other stocks at the peak of January's short squeeze. That decision set off a firestorm of rage against Robinhood with many in the retail crowd alleging on social media that the app was in cahoots with the hedge funds and market makers on the other side of the squeeze.\nLike the Robinhood exodus, the WallStreetBets schism has led retail investors onto new platforms and other subreddits more intensely focused on investing, options and individual stocks. It has even given them the opportunity to create their own boards like r/Superstonk, a subreddit for GameStop investors that started in March with a flurry of anti-WallStreetBets posts and already has 485,000 members.\n\"WSB is the Robinhood of Reddit,\" one user posted on Superstonk this week.\nAMC and other meme stocks have their own increasingly popular subreddits, and they appear to be the next iteration of the retail investing movement that is showing little sign of losing steam.\nWhile the mania of January has ebbed, a recent survey by financial advisory firm Betterment indicated that the majority of retail investors are committed to trading in the foreseeable future, and it stands to reason that the evolution of their trading will happen on smaller and more focused subreddits like Superstonk.\nAs that online migration continues, WallStreetBets -- the mothership of the Reddit rally -- will have that empty nest feeling.\nLOOKING FORWARD\nMeanwhile, after good news on the progress of an infrastructure bill in Congress sent the U.S. stock market climbing again this week, from the U.S. Labor Department next Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127415528,"gmtCreate":1624862897464,"gmtModify":1703846471788,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127415528","repostId":"2146270883","repostType":4,"repost":{"id":"2146270883","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624849340,"share":"https://ttm.financial/m/news/2146270883?lang=&edition=fundamental","pubTime":"2021-06-28 11:02","market":"sh","language":"en","title":"Chinese automaker Great Wall aims to sell 4 million cars in 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2146270883","media":"Reuters","summary":"BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4","content":"<p>BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday.</p>\n<p>Great Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.</p>\n<p>Baoding-based Great Wall is building a car plant in China with BMW for electric vehicles.</p>\n<p>Great Wall's revenue is forecast to reach 600 billion yuan ($92.86 billion) in 2025, Wei said during a briefing on the company's strategy at its headquarters.</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 automaker Great Wall aims to sell 4 million cars in 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese automaker Great Wall aims to sell 4 million cars in 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-28 11:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday.</p>\n<p>Great Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.</p>\n<p>Baoding-based Great Wall is building a car plant in China with BMW for electric vehicles.</p>\n<p>Great Wall's revenue is forecast to reach 600 billion yuan ($92.86 billion) in 2025, Wei said during a briefing on the company's strategy at its headquarters.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"601633":"长城汽车","02333":"长城汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146270883","content_text":"BEIJING, June 28 (Reuters) - China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday.\nGreat Wall, which sold 1.1 million cars last year, aims for 80% of its annual sales in 2025 to be new energy vehicles, including battery electric, plug-in hybrid and hydrogen fuel cell vehicles.\nBaoding-based Great Wall is building a car plant in China with BMW for electric vehicles.\nGreat Wall's revenue is forecast to reach 600 billion yuan ($92.86 billion) in 2025, Wei said during a briefing on the company's strategy at its headquarters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127416377,"gmtCreate":1624862734099,"gmtModify":1703846468032,"author":{"id":"3577664955394445","authorId":"3577664955394445","name":"kkpSG","avatar":"https://static.tigerbbs.com/fa75088baee89cae791381be8da0113a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577664955394445","authorIdStr":"3577664955394445"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127416377","repostId":"2146886838","repostType":4,"repost":{"id":"2146886838","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624855936,"share":"https://ttm.financial/m/news/2146886838?lang=&edition=fundamental","pubTime":"2021-06-28 12:52","market":"sh","language":"en","title":"China Tourism aims for $7 bln Hong Kong listing -sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2146886838","media":"Reuters","summary":"HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion","content":"<p>HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters.</p>\n<p>The Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>The people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal.</p>\n<p>China Tourism, which Refinitiv data showed has market capitalisation of 577.9 billion yuan ($89.43 billion), filed for the listing with the Hong Kong bourse late on Friday.</p>\n<p>Its Shanghai shares were trading 4% higher on Monday on news of the application. The stock is up 9.6% so far in 2021, versus the benchmark CSI300 index's 0.6% increase, yet remains 23% below its 52-week high reached on Feb 18.</p>\n<p>At $7 billion, the listing would be Hong Kong's largest in nearly two years since Alibaba Group Holding Ltd raised $12.9 billion in November 2019.</p>\n<p>The listing would also exceed the initial public offering of Kuaishou Technology - the largest in Hong Kong this year - which raised $6.2 billion in January.</p>\n<p>In its filing, China Tourism said it was China's only retail operator to cover all duty free channels - such as sales at airports and on cruise ships. It said it has 188 stores in 90 cities plus six outlets in Hong Kong, Macau and Cambodia.</p>\n<p>The company recorded a 31% rise in net profit at 7.1 billion yuan in 2020, its filing showed.</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>China Tourism aims for $7 bln Hong Kong listing -sources</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\">\nChina Tourism aims for $7 bln Hong Kong listing -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-28 12:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters.</p>\n<p>The Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>The people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal.</p>\n<p>China Tourism, which Refinitiv data showed has market capitalisation of 577.9 billion yuan ($89.43 billion), filed for the listing with the Hong Kong bourse late on Friday.</p>\n<p>Its Shanghai shares were trading 4% higher on Monday on news of the application. The stock is up 9.6% so far in 2021, versus the benchmark CSI300 index's 0.6% increase, yet remains 23% below its 52-week high reached on Feb 18.</p>\n<p>At $7 billion, the listing would be Hong Kong's largest in nearly two years since Alibaba Group Holding Ltd raised $12.9 billion in November 2019.</p>\n<p>The listing would also exceed the initial public offering of Kuaishou Technology - the largest in Hong Kong this year - which raised $6.2 billion in January.</p>\n<p>In its filing, China Tourism said it was China's only retail operator to cover all duty free channels - such as sales at airports and on cruise ships. It said it has 188 stores in 90 cities plus six outlets in Hong Kong, Macau and Cambodia.</p>\n<p>The company recorded a 31% rise in net profit at 7.1 billion yuan in 2020, its filing showed.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146886838","content_text":"HONG KONG, June 28 (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters.\nThe Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, one of the people said.\nThe people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal.\nChina Tourism, which Refinitiv data showed has market capitalisation of 577.9 billion yuan ($89.43 billion), filed for the listing with the Hong Kong bourse late on Friday.\nIts Shanghai shares were trading 4% higher on Monday on news of the application. The stock is up 9.6% so far in 2021, versus the benchmark CSI300 index's 0.6% increase, yet remains 23% below its 52-week high reached on Feb 18.\nAt $7 billion, the listing would be Hong Kong's largest in nearly two years since Alibaba Group Holding Ltd raised $12.9 billion in November 2019.\nThe listing would also exceed the initial public offering of Kuaishou Technology - the largest in Hong Kong this year - which raised $6.2 billion in January.\nIn its filing, China Tourism said it was China's only retail operator to cover all duty free channels - such as sales at airports and on cruise ships. It said it has 188 stores in 90 cities plus six outlets in Hong Kong, Macau and Cambodia.\nThe company recorded a 31% rise in net profit at 7.1 billion yuan in 2020, its filing showed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}