ezsmin personal page - To The Moon

ezsmin

No personal profile

2Follow

0Followers

0Topic

0Badge

2021-06-20

[Sad]

Answering the great inflation question of our time

2021-06-15

Nice

Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021

2021-06-20

[What]

General Atlantic-backed Hotmart hires banks for Nasdaq IPO

2021-06-17

??

Sorry, the original content has been removed

2021-06-15

[Grin]

Goldman Expands Crypto-Trading Desk By Offering Ether Options

2021-06-20

Nice

Sorry, the original content has been removed

2021-06-20

[Smile]

A Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens

2021-06-15

[Happy]

Here's a complete trader playbook for every outcome from the key Fed meeting

2021-06-15

Oh

AMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions

2021-06-20

Nice

Hong Kong to Begin Handing Out HK$5,000 Vouchers in August

2021-06-20

[Happy]

Sorry, the original content has been removed

2021-06-17

[Smile]

Sorry, the original content has been removed

2021-06-15

Wow

What you need to know to start investing in cryptocurrency right now

2021-06-15

[Wow]

Blockchain stocks mixed in morning trading

2021-06-15

[Grin]

Alibaba stock on watch ahead of major Chinese shopping festival

2021-06-15

Nice

Netflix: The Selloff Looks Overdone

2021-06-15

Nice

These energy and EV stocks can still benefit from Biden's infrastructure plan, Citi says

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3578224915477613","uuid":"3578224915477613","gmtCreate":1615173507408,"gmtModify":1615173507408,"name":"ezsmin","pinyin":"ezsmin","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":2,"tweetSize":20,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.29","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":164103652,"gmtCreate":1624176313576,"gmtModify":1703830204057,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164103652","repostId":"1164089282","repostType":4,"repost":{"id":"1164089282","pubTimestamp":1624007666,"share":"https://ttm.financial/m/news/1164089282?lang=&edition=fundamental","pubTime":"2021-06-18 17:14","market":"hk","language":"en","title":"Hong Kong to Begin Handing Out HK$5,000 Vouchers in August","url":"https://stock-news.laohu8.com/highlight/detail?id=1164089282","media":"bloomberg","summary":"Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help bo","content":"<p>Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help boost consumption in the pandemic-hit economy.</p>\n<p>Those eligible will be able to register for the vouchers from July 4 to Aug. 14, Financial Secretary Paul Chan said at a briefing Friday. The vouchers, available through payment systems such as theOctopustransit card, Alipay and WeChat Pay, will be usable to pay for things such as retail shopping and public transport.</p>\n<p>The funds will be paid out in three installments starting from as soon as Aug. 1.</p>\n<p>The spending vouchers were first announced by Chan in hisbudgetspeech in February along with plans to provide loans for the unemployed to stimulate consumption as the city gradually begins recovering from the pandemic. While theeconomyended its record recession in the first quarter andjoblessnessis declining, retail spending remains weak.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong to Begin Handing Out HK$5,000 Vouchers in August</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\">\nHong Kong to Begin Handing Out HK$5,000 Vouchers in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 17:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-18/hong-kong-to-begin-handing-out-hk-5-000-vouchers-in-august><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help boost consumption in the pandemic-hit economy.\nThose eligible will be able to register for the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-18/hong-kong-to-begin-handing-out-hk-5-000-vouchers-in-august\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-18/hong-kong-to-begin-handing-out-hk-5-000-vouchers-in-august","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164089282","content_text":"Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help boost consumption in the pandemic-hit economy.\nThose eligible will be able to register for the vouchers from July 4 to Aug. 14, Financial Secretary Paul Chan said at a briefing Friday. The vouchers, available through payment systems such as theOctopustransit card, Alipay and WeChat Pay, will be usable to pay for things such as retail shopping and public transport.\nThe funds will be paid out in three installments starting from as soon as Aug. 1.\nThe spending vouchers were first announced by Chan in hisbudgetspeech in February along with plans to provide loans for the unemployed to stimulate consumption as the city gradually begins recovering from the pandemic. While theeconomyended its record recession in the first quarter andjoblessnessis declining, retail spending remains weak.","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164103094,"gmtCreate":1624176240318,"gmtModify":1703830203567,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164103094","repostId":"2144771068","repostType":4,"repost":{"id":"2144771068","pubTimestamp":1624026418,"share":"https://ttm.financial/m/news/2144771068?lang=&edition=fundamental","pubTime":"2021-06-18 22:26","market":"us","language":"en","title":"AstraZeneca must use Britain's plant if needed to meet EU's vaccine commitments - EU lawyer","url":"https://stock-news.laohu8.com/highlight/detail?id=2144771068","media":"Reuters","summary":"June 18 (Reuters) - AstraZeneca must deliver COVID-19 vaccines to the European Union also from a fac","content":"<p>June 18 (Reuters) - AstraZeneca must deliver COVID-19 vaccines to the European Union also from a factory in Britain if it is needed to meet its commitments with the EU, a judge ruled on Friday, according to a lawyer representing the EU.</p>\n<p>The company had said it could not immediately deliver to the EU doses from an Oxford Biomedica factory in Britain because it had to supply the United Kingdom first.</p>\n<p>The EU lawyer said the judge decided that that factory must be used for EU supplies. However, AstraZeneca could meet its commitments with the EU without using that factory.</p>\n<p>The company is not obliged to deliver doses by a timetable in the contract until the end of June, but must still deliver a total of 300 million doses to the EU, the judge ruled. (Reporting by Francesco Guarascio @fraguarascio, editing by Louise Heavens)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AstraZeneca must use Britain's plant if needed to meet EU's vaccine commitments - EU lawyer</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\">\nAstraZeneca must use Britain's plant if needed to meet EU's vaccine commitments - EU lawyer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/astrazeneca-must-britains-plant-needed-132658433.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 18 (Reuters) - AstraZeneca must deliver COVID-19 vaccines to the European Union also from a factory in Britain if it is needed to meet its commitments with the EU, a judge ruled on Friday, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/astrazeneca-must-britains-plant-needed-132658433.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AZN":"阿斯利康"},"source_url":"https://finance.yahoo.com/news/astrazeneca-must-britains-plant-needed-132658433.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2144771068","content_text":"June 18 (Reuters) - AstraZeneca must deliver COVID-19 vaccines to the European Union also from a factory in Britain if it is needed to meet its commitments with the EU, a judge ruled on Friday, according to a lawyer representing the EU.\nThe company had said it could not immediately deliver to the EU doses from an Oxford Biomedica factory in Britain because it had to supply the United Kingdom first.\nThe EU lawyer said the judge decided that that factory must be used for EU supplies. However, AstraZeneca could meet its commitments with the EU without using that factory.\nThe company is not obliged to deliver doses by a timetable in the contract until the end of June, but must still deliver a total of 300 million doses to the EU, the judge ruled. (Reporting by Francesco Guarascio @fraguarascio, editing by Louise Heavens)","news_type":1},"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164109686,"gmtCreate":1624176215245,"gmtModify":1703830202758,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164109686","repostId":"2144745297","repostType":4,"repost":{"id":"2144745297","pubTimestamp":1624027800,"share":"https://ttm.financial/m/news/2144745297?lang=&edition=fundamental","pubTime":"2021-06-18 22:50","market":"us","language":"en","title":"General Atlantic-backed Hotmart hires banks for Nasdaq IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2144745297","media":"StreetInsider","summary":"SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to r","content":"<p>SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the latest in a series of Brazilian tech startups looking to go public.</p>\n<p>Goldman Sachs, JPMorgan Chase and <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> will be lead underwriters on the deal, two of these sources added. It would take place on Nasdaq, all three sources said, declining to say how the proceeds would be used.</p>\n<p>Considered a \"unicorn,\" given its private valuation of over $1 billion, Hotmart is a cloud-based platform which allows entrepreneurs to create, market and manage online businesses.</p>\n<p>The fast-growing company, which has been expanding outside Brazil and bulking up through acquisitions, plans to raise between $400 million and $600 million in the offering.</p>\n<p>Founded by Joao Pedro Resende and Mateus Bicalho, onetime computer science classmates at the same university in the state of Minas Gerais, Hotmart's investors include General Atlantic, Singapore's GIC and Koolen &amp; Partners. In April, TVC Investments and Alkeon Capital also joined the company, financing a $130 million funding round.</p>\n<p>The planned IPO is the latest sign of how some Brazilian tech companies are looking to broaden their horizons after a raft of funding rounds in the last years.</p>\n<p>Earlier this week, payments company Ebanx announced a $430 million funding round with Advent International and plans for an IPO by the beginning of 2022. Vtex, a software provider for e-commerce backed by SoftBank Group Corp &lt;9984.T , has also hired banks for a listing on Nasdaq.</p>","source":"highlight_streetinsider","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>General Atlantic-backed Hotmart hires banks for Nasdaq IPO </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeneral Atlantic-backed Hotmart hires banks for Nasdaq IPO \n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18577938><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18577938\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BGC":"BGC GROUP","QID":"纳指两倍做空ETF","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","NDAQ":"纳斯达克OMX交易所","PSQ":"纳指反向ETF"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18577938","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144745297","content_text":"SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the latest in a series of Brazilian tech startups looking to go public.\nGoldman Sachs, JPMorgan Chase and Morgan Stanley will be lead underwriters on the deal, two of these sources added. It would take place on Nasdaq, all three sources said, declining to say how the proceeds would be used.\nConsidered a \"unicorn,\" given its private valuation of over $1 billion, Hotmart is a cloud-based platform which allows entrepreneurs to create, market and manage online businesses.\nThe fast-growing company, which has been expanding outside Brazil and bulking up through acquisitions, plans to raise between $400 million and $600 million in the offering.\nFounded by Joao Pedro Resende and Mateus Bicalho, onetime computer science classmates at the same university in the state of Minas Gerais, Hotmart's investors include General Atlantic, Singapore's GIC and Koolen & Partners. In April, TVC Investments and Alkeon Capital also joined the company, financing a $130 million funding round.\nThe planned IPO is the latest sign of how some Brazilian tech companies are looking to broaden their horizons after a raft of funding rounds in the last years.\nEarlier this week, payments company Ebanx announced a $430 million funding round with Advent International and plans for an IPO by the beginning of 2022. Vtex, a software provider for e-commerce backed by SoftBank Group Corp <9984.T , has also hired banks for a listing on Nasdaq.","news_type":1},"isVote":1,"tweetType":1,"viewCount":689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164109988,"gmtCreate":1624176173044,"gmtModify":1703830202112,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Sad]&nbsp;","listText":"[Sad]&nbsp;","text":"[Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164109988","repostId":"1133385197","repostType":4,"repost":{"id":"1133385197","pubTimestamp":1624151969,"share":"https://ttm.financial/m/news/1133385197?lang=&edition=fundamental","pubTime":"2021-06-20 09:19","market":"us","language":"en","title":"Answering the great inflation question of our time","url":"https://stock-news.laohu8.com/highlight/detail?id=1133385197","media":"finance.yahoo","summary":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up","content":"<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.</p>\n<p>Unfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”</p>\n<p>The current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?</p>\n<p>Before I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.</p>\n<p>As an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.</p>\n<p>Until now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)</p>\n<p><img src=\"https://static.tigerbbs.com/87f75dfcb98fb5a0e7c3f9d3f8d336e2\" tg-width=\"705\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>\n<p>Used car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.</p>\n<p>To be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)</p>\n<p>But that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&amp;P 500 down 1.91% this week, its worst week since February.</p>\n<p>Given this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.</p>\n<p>Now I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.</p>\n<p>As for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.</p>\n<p>Which brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.</p>\n<p>“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”</p>\n<p>“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.</p>\n<p>COVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.</p>\n<p>A prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.</p>\n<p>Another secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.</p>\n<p><b>Anti-inflation forces</b></p>\n<p>But here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?</p>\n<p>I say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”</p>\n<p>To buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.</p>\n<p>To me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.</p>\n<p>Not only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.</p>\n<p>So technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.</p>\n<p>There is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.</p>\n<p>After World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)</p>\n<p>Like its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.</p>\n<p>The internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.</p>\n<p>So technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.</p>\n<p>COVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.</p>\n<p>How significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.</p>\n<p>More downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”</p>\n<p>And so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”</p>\n<p>I don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)</p>","source":"lsy1612507957220","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>Answering the great inflation question of our time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnswering the great inflation question of our time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these...</p>\n\n<a href=\"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133385197","content_text":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”\nThe current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?\nBefore I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.\nAs an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.\nUntil now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)\n\nUsed car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.\nTo be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)\nBut that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&P 500 down 1.91% this week, its worst week since February.\nGiven this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.\nNow I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.\nAs for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.\nWhich brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.\n“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”\n“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.\nCOVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.\nA prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.\nAnother secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.\nAnti-inflation forces\nBut here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?\nI say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”\nTo buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.\nTo me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.\nNot only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.\nSo technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.\nThere is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.\nAfter World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)\nLike its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.\nThe internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.\nSo technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.\nCOVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.\nHow significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.\nMore downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”\nAnd so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”\nI don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165564491,"gmtCreate":1624152143613,"gmtModify":1703829453254,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165564491","repostId":"1126454279","repostType":4,"repost":{"id":"1126454279","pubTimestamp":1624151746,"share":"https://ttm.financial/m/news/1126454279?lang=&edition=fundamental","pubTime":"2021-06-20 09:15","market":"us","language":"en","title":"A Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens","url":"https://stock-news.laohu8.com/highlight/detail?id=1126454279","media":"fool","summary":"It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\n","content":"<p>It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.</p>\n<p>Since the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- the widely followed<b>S&amp;P 500</b>(SNPINDEX:^GSPC)has gained an impressive 90%. But both history and valuation metrics unequivocally suggest that a big drop is upcoming for the stock market.</p>\n<p><b>History is pretty clear that trouble lies ahead</b></p>\n<p>For example, there have beenone or two double-digit percentage declineswithin the three years following a bottom in each of the previous eight bear markets prior to the coronavirus crash (i.e., dating back to 1960). Although bull markets tend to last years, rebounds from a bear market are never this smooth. We're nearly 15 months past the March 2020 bear-market bottom in the S&amp;P 500 and have yet to see anything close to a double-digit correction.</p>\n<p>To add to this point, data from market analytics firm Yardeni Research shows that there have been 38 double-digit declines in the S&amp;P 500 over the past 71 years. That's a crash or correction, on average,every 1.87 years. Though the market doesn't adhere to averages, it does give a general sense of when to expect these hiccups.</p>\n<p>On a valuation basis, the S&amp;P 500's Shiller price-to-earnings (P/E) ratio is a waving red flag. The S&amp;P 500's Shiller P/E -- a measure of inflation-adjusted earnings over the previous 10 years -- almost hit 38 earlier this week. That more than doubles its 151-year average, and it's the highest level in nearly two decades. The previous four times the Shiller P/E surpassed and held above 30 during a bull market rally, the indexsubsequently declined by a minimum of 20%.</p>\n<p>Make no mistake about it -- a stock market crash is coming.</p>\n<p>Every crash or correction is an opportunity for patient investors to make money</p>\n<p>However, a crash is no reason to duck and cover. While history may signal trouble ahead, it also tells us that each and every double-digit decline has been a buying opportunity. Eventually, every big drop in the major indexes is erased by a bull-market rally. When the next crash does occur, the following five high-conviction stocks can be confidently bought hand over fist.</p>\n<p><b>CrowdStrike Holdings</b></p>\n<p>Cybersecurity is projected to beone of the safest double-digit growth trendsthis decade. No matter the size of the business or the state of the U.S./global economy, protecting enterprise and consumer data is paramount. This means cloud-based cybersecurity stock<b>CrowdStrike Holdings</b>(NASDAQ:CRWD)can thrive in any environment.</p>\n<p>CrowdStrike's successderives from its cloud-native Falcon security platform. Because it's built in the cloud and relies on artificial intelligence, it's growing smarter at identifying and responding to threats all the time. It's currently overseeing 6 trillion events on a weekly basis, and it's far more cost-effective at protecting data than on-premise solutions.</p>\n<p>We can also look to the company's income statements to see clear-cut evidence that businesses favor CrowdStrike's cybersecurity platform. It's been retaining 98% of its clients, has seen existing clients spend 23% to 47% more on a year-over-year basis for the past 12 quarters, and recently reported that 64% of its customers have purchased at least four cloud module subscriptions. Scaling with its customers is CrowdStrike's ticket to big-time cash flow expansion.</p>\n<p><b>Facebook</b></p>\n<p>Brand-name businesses can make patient investors a fortune, and social media giant<b>Facebook</b>(NASDAQ:FB)is the perfect example.</p>\n<p>When the curtain closed on March, Facebook tallied 2.85 billion monthly active users (MAU) visiting its namesake site and an additional 600 million unique MAUs visiting WhatsApp or Instagram, which it also owns. All told, this equates to44% of the global populationinteracting with its owned sites each month. There's simply no social media platform businesses can go to get their message to a broader (or potentially targeted) audience, which is why Facebook ad-pricing power is so strong.</p>\n<p>But here's the kicker: Facebookhasn't even put the pedal to the metal. Although it's on track to generate more than $100 billion in advertising revenue in 2021, nearly all of these ad sales are coming from its namesake site and Instagram. WhatsApp and Facebook Messenger, which are two of the six most-visited social sites in the world, aren't being meaningfully monetized as of yet. Further, the company's Oculus virtual reality devices are still in the early stage of their growth. Suffice it to say, Facebook offers ample upside as its other operating segments are monetized and mature.</p>\n<p><b>NextEra Energy</b></p>\n<p>Another high-conviction stock to buy hand over fist the next time a crash or steep correction strikes is electric utility stock<b>NextEra Energy</b>(NYSE:NEE).</p>\n<p>Did I put you to sleep when I said \"electric utility stock?\" Electric utilities are traditionally known for their market-topping dividend yields and persistently low growth rates. But this doesn't describe NextEra Energy. NextEra has aggressively invested in renewable energy projects and is leading the country in solar and wind capacity. As a result of these investments, its electric generation costs have declined and its compound annual growth ratehas consistently been in the high single digitsfor more than a decade. It also doesn't hurt that NextEra is front-running any potential green-energy legislation that might come out of Washington.</p>\n<p>In addition to growth rates that are well above the sector average, NextEra still benefits from the predictability of energy demand. For instance, its regulated utilities (i.e., those not powered by renewable energy) require approval from state utility commissions before price hikes can be passed along to households. This might sound like an inconvenience, but it's actually great news. It means NextEra won't be exposed to potentially volatile wholesale pricing.</p>\n<p><b>Visa</b></p>\n<p>When the next stock market crash arrives, payment processing kingpin<b>Visa</b>(NYSE:V)is a winning company to confidently buy hand over fist. It's also another brand-name company thatcan still make its shareholders a fortune.</p>\n<p>Buying into the Visa growth story is a simple numbers game. Visa grows its revenue and profits when consumers and businesses are spending more. This happens when the U.S. and global economy are expanding. Although contractions and recessions are an inevitable part of the economic cycle, they tend to be short-lived. Meanwhile, periods of economic expansion are almost always measured in years. Buying into Visa during these short-lived crashes or corrections should allow long-term investors to be handsomely rewarded by this numbers game.</p>\n<p>The other interesting thing about Visa is thatit's shunned becoming a lender. You'd think that Visa could generate big bucks from interest income and fees by lending during these long-lived periods of expansion. But lending would also expose Visa to the credit delinquencies that arise during recessions. Operating solely as a payment processor means not having to set aside cash to cover delinquencies. It's why Visa rebounds so much faster than most financial stocks following a recession.</p>\n<p><b>Amazon</b></p>\n<p>Lastly (andwho couldn't see this coming?), investors should take any discount they can get during a crash on e-commerce behemoth<b>Amazon</b>(NASDAQ:AMZN).</p>\n<p>Amazon's online marketplace has proved virtually unstoppable for well over a decade. An April 2021 report from eMarketer pegged the company's share of U.S. online sales at 40.4%. That more than quintuples its next-closest competitor and effectively solidifies Amazon as the go-to source for online shopping in the U.S.</p>\n<p>What about those pesky low retail margins, you ask? Amazon has signed up more than 200 million people globally to a Prime membership. The fees collected from Prime members help to offset some of the company's retail-based margin weakness. Prime members are extremely loyal to the Amazon ecosystem and spend far more than non-members, too.</p>\n<p>But it's Amazon's cloud infrastructure segmentthat's the superstar. Amazon Web Services (AWS) brings in around one-eighth of the company's total sales but accounts for well over half its operating income. Since cloud margins are superior to retail and advertising margins, AWS is the company's key to explosive cash flow growth this decade.</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>A Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\nSince the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","AMZN":"亚马逊","NEP":"Nextera Energy Partners","CRWD":"CrowdStrike Holdings, Inc."},"source_url":"https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126454279","content_text":"It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\nSince the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- the widely followedS&P 500(SNPINDEX:^GSPC)has gained an impressive 90%. But both history and valuation metrics unequivocally suggest that a big drop is upcoming for the stock market.\nHistory is pretty clear that trouble lies ahead\nFor example, there have beenone or two double-digit percentage declineswithin the three years following a bottom in each of the previous eight bear markets prior to the coronavirus crash (i.e., dating back to 1960). Although bull markets tend to last years, rebounds from a bear market are never this smooth. We're nearly 15 months past the March 2020 bear-market bottom in the S&P 500 and have yet to see anything close to a double-digit correction.\nTo add to this point, data from market analytics firm Yardeni Research shows that there have been 38 double-digit declines in the S&P 500 over the past 71 years. That's a crash or correction, on average,every 1.87 years. Though the market doesn't adhere to averages, it does give a general sense of when to expect these hiccups.\nOn a valuation basis, the S&P 500's Shiller price-to-earnings (P/E) ratio is a waving red flag. The S&P 500's Shiller P/E -- a measure of inflation-adjusted earnings over the previous 10 years -- almost hit 38 earlier this week. That more than doubles its 151-year average, and it's the highest level in nearly two decades. The previous four times the Shiller P/E surpassed and held above 30 during a bull market rally, the indexsubsequently declined by a minimum of 20%.\nMake no mistake about it -- a stock market crash is coming.\nEvery crash or correction is an opportunity for patient investors to make money\nHowever, a crash is no reason to duck and cover. While history may signal trouble ahead, it also tells us that each and every double-digit decline has been a buying opportunity. Eventually, every big drop in the major indexes is erased by a bull-market rally. When the next crash does occur, the following five high-conviction stocks can be confidently bought hand over fist.\nCrowdStrike Holdings\nCybersecurity is projected to beone of the safest double-digit growth trendsthis decade. No matter the size of the business or the state of the U.S./global economy, protecting enterprise and consumer data is paramount. This means cloud-based cybersecurity stockCrowdStrike Holdings(NASDAQ:CRWD)can thrive in any environment.\nCrowdStrike's successderives from its cloud-native Falcon security platform. Because it's built in the cloud and relies on artificial intelligence, it's growing smarter at identifying and responding to threats all the time. It's currently overseeing 6 trillion events on a weekly basis, and it's far more cost-effective at protecting data than on-premise solutions.\nWe can also look to the company's income statements to see clear-cut evidence that businesses favor CrowdStrike's cybersecurity platform. It's been retaining 98% of its clients, has seen existing clients spend 23% to 47% more on a year-over-year basis for the past 12 quarters, and recently reported that 64% of its customers have purchased at least four cloud module subscriptions. Scaling with its customers is CrowdStrike's ticket to big-time cash flow expansion.\nFacebook\nBrand-name businesses can make patient investors a fortune, and social media giantFacebook(NASDAQ:FB)is the perfect example.\nWhen the curtain closed on March, Facebook tallied 2.85 billion monthly active users (MAU) visiting its namesake site and an additional 600 million unique MAUs visiting WhatsApp or Instagram, which it also owns. All told, this equates to44% of the global populationinteracting with its owned sites each month. There's simply no social media platform businesses can go to get their message to a broader (or potentially targeted) audience, which is why Facebook ad-pricing power is so strong.\nBut here's the kicker: Facebookhasn't even put the pedal to the metal. Although it's on track to generate more than $100 billion in advertising revenue in 2021, nearly all of these ad sales are coming from its namesake site and Instagram. WhatsApp and Facebook Messenger, which are two of the six most-visited social sites in the world, aren't being meaningfully monetized as of yet. Further, the company's Oculus virtual reality devices are still in the early stage of their growth. Suffice it to say, Facebook offers ample upside as its other operating segments are monetized and mature.\nNextEra Energy\nAnother high-conviction stock to buy hand over fist the next time a crash or steep correction strikes is electric utility stockNextEra Energy(NYSE:NEE).\nDid I put you to sleep when I said \"electric utility stock?\" Electric utilities are traditionally known for their market-topping dividend yields and persistently low growth rates. But this doesn't describe NextEra Energy. NextEra has aggressively invested in renewable energy projects and is leading the country in solar and wind capacity. As a result of these investments, its electric generation costs have declined and its compound annual growth ratehas consistently been in the high single digitsfor more than a decade. It also doesn't hurt that NextEra is front-running any potential green-energy legislation that might come out of Washington.\nIn addition to growth rates that are well above the sector average, NextEra still benefits from the predictability of energy demand. For instance, its regulated utilities (i.e., those not powered by renewable energy) require approval from state utility commissions before price hikes can be passed along to households. This might sound like an inconvenience, but it's actually great news. It means NextEra won't be exposed to potentially volatile wholesale pricing.\nVisa\nWhen the next stock market crash arrives, payment processing kingpinVisa(NYSE:V)is a winning company to confidently buy hand over fist. It's also another brand-name company thatcan still make its shareholders a fortune.\nBuying into the Visa growth story is a simple numbers game. Visa grows its revenue and profits when consumers and businesses are spending more. This happens when the U.S. and global economy are expanding. Although contractions and recessions are an inevitable part of the economic cycle, they tend to be short-lived. Meanwhile, periods of economic expansion are almost always measured in years. Buying into Visa during these short-lived crashes or corrections should allow long-term investors to be handsomely rewarded by this numbers game.\nThe other interesting thing about Visa is thatit's shunned becoming a lender. You'd think that Visa could generate big bucks from interest income and fees by lending during these long-lived periods of expansion. But lending would also expose Visa to the credit delinquencies that arise during recessions. Operating solely as a payment processor means not having to set aside cash to cover delinquencies. It's why Visa rebounds so much faster than most financial stocks following a recession.\nAmazon\nLastly (andwho couldn't see this coming?), investors should take any discount they can get during a crash on e-commerce behemothAmazon(NASDAQ:AMZN).\nAmazon's online marketplace has proved virtually unstoppable for well over a decade. An April 2021 report from eMarketer pegged the company's share of U.S. online sales at 40.4%. That more than quintuples its next-closest competitor and effectively solidifies Amazon as the go-to source for online shopping in the U.S.\nWhat about those pesky low retail margins, you ask? Amazon has signed up more than 200 million people globally to a Prime membership. The fees collected from Prime members help to offset some of the company's retail-based margin weakness. Prime members are extremely loyal to the Amazon ecosystem and spend far more than non-members, too.\nBut it's Amazon's cloud infrastructure segmentthat's the superstar. Amazon Web Services (AWS) brings in around one-eighth of the company's total sales but accounts for well over half its operating income. Since cloud margins are superior to retail and advertising margins, AWS is the company's key to explosive cash flow growth this decade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165270247,"gmtCreate":1624149323389,"gmtModify":1703829360879,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165270247","repostId":"2144250776","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161206707,"gmtCreate":1623926770609,"gmtModify":1703823671894,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161206707","repostId":"2144710563","repostType":4,"repost":{"id":"2144710563","pubTimestamp":1623916800,"share":"https://ttm.financial/m/news/2144710563?lang=&edition=fundamental","pubTime":"2021-06-17 16:00","market":"us","language":"en","title":"Nokia accelerates Telenor and Telia joint 5G network rollout in Denmark","url":"https://stock-news.laohu8.com/highlight/detail?id=2144710563","media":"StreetInsider","summary":"Press Release\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n\nNokia to acce","content":"<p><b>Press Release</b></p>\n<p><b>Nokia accelerates Telenor and Telia joint 5G network rollout in Denmark</b></p>\n<ul>\n <li>Nokia to accelerate rollout following the availability of 3.5GHz spectrum; the enhanced services will offer premium 5G speeds to customers</li>\n <li>The move builds upon Nokia’s long-standing partnership with TTN as lead supplier of 5G RAN Radio</li>\n</ul>\n<p>17 June 2021</p>\n<p><b>Espoo, Finland – Nokia continues to build upon its ongoing business with leading Danish mobile operators, Telenor and Telia via their joint network (TTN) accelerating the delivery of 5G services nationwide following the availability of 3.5 GHz spectrum. Nokia is the exclusive supplier of 5G RAN and will support the modernization of the shared network ensuring TTN’s three million customers have the best connectivity experiences. The availability of spectrum in the 3.5GHz band will offer incredibly fast 5G speeds to customers. </b></p>\n<p>The modernization deal will focus initially on Denmark’s four largest cities before expanding to cover most Danish customers during 2022. It will see Nokia provide its ReefShark SoC (System on Chip) based AirScale 5G RAN portfolio including 5G Massive MIMO antennas to deliver enhanced ultra-fast, low-latency, and high capacity mobile broadband services to both TTN’s consumer and enterprise customers.</p>\n<p>The deal will see Nokia continue its partnership with both companies and the operation of the joint network, which first started in 2012. Nokia together with Telenor and Telia was the first to test 5G in Denmark and among the first to activate 5G on a shared network.</p>\n<p>TTN is Denmark's largest mobile network with more than 4,300 sites. The merger between the two networks first began in 2012 with both companies each owning 50 percent of the network. It provides customers with better coverage, capacity, and quality, as well as reducing the companies' overall CO2 footprint.</p>\n<p><b>Thomas Kjærsgaard, CEO of Telia Denmark, commented:</b> “The 5G network supports the increasing need for data and advanced communication solutions in Denmark. With the modernization of the network, we are making a significant investment in and upgrade of the vital Danish telecoms infrastructure. A strong network is the foundation for our continued work to support the digitalization of Denmark, the development of our economy, innovation, and sustainable solutions for the future.\"</p>\n<p><b>Lars Thomsen, CEO of Telenor Denmark, said:</b> “As with everything else we do, our rollout is based on how we create the most real value for our customers. With our nationwide network rollout, Danes will experience higher speeds and better coverage in both urban and peri-urban areas. Specifically, the 5G upgrades will mean twice the speeds in densely populated areas and significant improvements across the country.\"</p>\n<p><b>Tommi Uitto, President of Mobile Networks at Nokia, commented: </b>“Nokia has a long-standing and collaborative partnership with TTN - Telenor and Telia’s joint venture. Together we have delivered many technology ‘firsts’, which highlights our shared commitment to providing word-class connectivity, including the TTN 5G pilot in Denmark which was the first network to simultaneously support 2G-5G sharing. I look forward to continuing to work closely with Telenor and Telia and support their ambition to promote digitalization in Danish society and deliver new exciting solutions to its consumer, enterprise, and Industry 4.0 customers.”</p>\n<p><b>Resources: </b></p>\n<p>Webpage: Nokia AirScale</p>\n<p>Webpage: Nokia 5G RAN</p>\n<p><b>About Nokia</b>We create technology that helps the world act together.</p>\n<p>As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.</p>\n<p>Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.</p>\n<p><b>Media Inquiries:</b>Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com</p>","source":"highlight_streetinsider","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>Nokia accelerates Telenor and Telia joint 5G network rollout in Denmark</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\">\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18570512><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Press Release\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n\nNokia to accelerate rollout following the availability of 3.5GHz spectrum; the enhanced services will offer ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18570512\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18570512","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144710563","content_text":"Press Release\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n\nNokia to accelerate rollout following the availability of 3.5GHz spectrum; the enhanced services will offer premium 5G speeds to customers\nThe move builds upon Nokia’s long-standing partnership with TTN as lead supplier of 5G RAN Radio\n\n17 June 2021\nEspoo, Finland – Nokia continues to build upon its ongoing business with leading Danish mobile operators, Telenor and Telia via their joint network (TTN) accelerating the delivery of 5G services nationwide following the availability of 3.5 GHz spectrum. Nokia is the exclusive supplier of 5G RAN and will support the modernization of the shared network ensuring TTN’s three million customers have the best connectivity experiences. The availability of spectrum in the 3.5GHz band will offer incredibly fast 5G speeds to customers. \nThe modernization deal will focus initially on Denmark’s four largest cities before expanding to cover most Danish customers during 2022. It will see Nokia provide its ReefShark SoC (System on Chip) based AirScale 5G RAN portfolio including 5G Massive MIMO antennas to deliver enhanced ultra-fast, low-latency, and high capacity mobile broadband services to both TTN’s consumer and enterprise customers.\nThe deal will see Nokia continue its partnership with both companies and the operation of the joint network, which first started in 2012. Nokia together with Telenor and Telia was the first to test 5G in Denmark and among the first to activate 5G on a shared network.\nTTN is Denmark's largest mobile network with more than 4,300 sites. The merger between the two networks first began in 2012 with both companies each owning 50 percent of the network. It provides customers with better coverage, capacity, and quality, as well as reducing the companies' overall CO2 footprint.\nThomas Kjærsgaard, CEO of Telia Denmark, commented: “The 5G network supports the increasing need for data and advanced communication solutions in Denmark. With the modernization of the network, we are making a significant investment in and upgrade of the vital Danish telecoms infrastructure. A strong network is the foundation for our continued work to support the digitalization of Denmark, the development of our economy, innovation, and sustainable solutions for the future.\"\nLars Thomsen, CEO of Telenor Denmark, said: “As with everything else we do, our rollout is based on how we create the most real value for our customers. With our nationwide network rollout, Danes will experience higher speeds and better coverage in both urban and peri-urban areas. Specifically, the 5G upgrades will mean twice the speeds in densely populated areas and significant improvements across the country.\"\nTommi Uitto, President of Mobile Networks at Nokia, commented: “Nokia has a long-standing and collaborative partnership with TTN - Telenor and Telia’s joint venture. Together we have delivered many technology ‘firsts’, which highlights our shared commitment to providing word-class connectivity, including the TTN 5G pilot in Denmark which was the first network to simultaneously support 2G-5G sharing. I look forward to continuing to work closely with Telenor and Telia and support their ambition to promote digitalization in Danish society and deliver new exciting solutions to its consumer, enterprise, and Industry 4.0 customers.”\nResources: \nWebpage: Nokia AirScale\nWebpage: Nokia 5G RAN\nAbout NokiaWe create technology that helps the world act together.\nAs a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.\nAdhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.\nMedia Inquiries:Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161208834,"gmtCreate":1623926695328,"gmtModify":1703823669789,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161208834","repostId":"1175132084","repostType":4,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160952391,"gmtCreate":1623770380513,"gmtModify":1703818944942,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160952391","repostId":"2143735752","repostType":4,"repost":{"id":"2143735752","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623750480,"share":"https://ttm.financial/m/news/2143735752?lang=&edition=fundamental","pubTime":"2021-06-15 17:48","market":"us","language":"en","title":"What you need to know to start investing in cryptocurrency right now","url":"https://stock-news.laohu8.com/highlight/detail?id=2143735752","media":"Dow Jones","summary":"From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in c","content":"<p>From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in crypto -- and advice on whether you should dive in.</p>\n<p>MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive.</p>\n<p>It's been a hot year for cryptocurrencies, and 2021 isn't even halfway over. The total value of cryptocurrencies briefly surpassed $2.5 trillion in May as a plethora of new investors jumped in, and now approximately 14% of American adults own cryptocurrencies.</p>\n<p>Cryptocurrencies are digital assets that are exchanged online on exchanges like Coinbase . Cryptocurrencies are hardly new. Bitcoin, the first and largest cryptocurrency by market capitalization, was created in 2009 and has been followed by more than 7,700 others. You may have also heard of ethereum, tether, or even dogecoin, which began as a joke and now sits among the 10 largest cryptocurrencies.</p>\n<p>While some people are investing purely to speculate, others look at cryptos as a way to store value or hedge against inflation. Here's how to invest in crypto now, whether you should get into it, and what to know before you do.</p>\n<p><b>How to invest in cryptocurrencies</b></p>\n<p>While investing in cryptocurrencies has gone mainstream, it's not an option at many traditional online brokers -- yet. Here are a few brokers that allow you to directly hold cryptocurrencies alongside other assets like stocks and bonds, but fees vary and it's key to do your homework:</p>\n<p>TD Ameritrade, Interactive Brokers, and Charles Schwab offer bitcoin futures trading.</p>\n<p>If your broker doesn't offer cryptocurrencies, you might consider signing up for an account with a crypto exchange, such as <a href=\"https://laohu8.com/S/AONE\">one</a> of the following:</p>\n<p><b>Prepare for risk and volatility</b></p>\n<p>Not all cryptocurrencies are created alike, and each token has unique characteristics that help dictate its price swings. That's why it's important to learn as much as possible about a specific token before investing, including why it was created (what problem it's trying to solve) and by whom (the governance structure), recommends Chris Kupier, vice president of equity research at CFRA Research.</p>\n<p>\"The more you understand it, the more you're going to approach investing in the 'right' way,\" Kupier says. For example, he likens bitcoin to \"gold 2.0\" because the digital coin has a finite supply and is seen by some as a way to store value and hedge against inflation -- characteristics that don't apply to ethereum, for example. (Note that this bitcoin-is-the-new-gold take is certainly not shared by everyone, as this MarketWatch .</p>\n<p>Cryptocurrencies fall under the umbrella of alternative assets (like commodities or real estate) because they offer a way to diversify your portfolio and have a low correlation to other assets, like stocks and bonds, Kupier notes. But cryptocurrencies are volatile, and because trading occurs 24/7, 365 days a year, that allows traders to react immediately to news -- or even tweets . Indeed, this year, tweets from Elon Musk, CEO of Tesla, caused crypto prices to both jump and slump.</p>\n<p>\"Look, this is the Wild West, so you have to be ready for it,\" Kupier says. While bitcoin has experienced average annualized returns in excess of 200%, that's come with huge price slumps, he adds. \"You need to embrace the volatility if you want those gains.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p><b>Consider risk-reward dynamics</b></p>\n<p>Investing in crypto is not for everyone. Those who do dive in should remember this: Given the extreme volatility, moderation is key, notes Matt Schwartz, senior advisor and a certified financial planner with Great Waters Financial. Just as you shouldn't invest all of your money in <a href=\"https://laohu8.com/S/AONE.U\">one</a> asset -- like a stock or bond -- cryptocurrencies should have a limited impact on the risk-reward dynamics of your overall portfolio, he adds.</p>\n<p>\"If you have 2%-5% of your portfolio allocated to any asset class, that isn't going to move the needle on your overall portfolio that much,\" Schwartz says, adding that the exact allocation is unique to each investor. \"It's important to think about your own situation and how it may or may not help you accomplish your goals.\"</p>\n<p>Some investing pros say that if you do want to dive into crypto, a smart way to do it may be through dollar-cost averaging, which simply means investing a fixed amount at regular intervals. And be sure to consult an accountant about the tax implications of trading (it can get pricey).</p>\n<p>Finally, be mindful of how investment decisions affect you. \"Don't take on so much risk that you can't sleep at night,\" Kupier says. \"But the opposite is true: If you're constantly watching bitcoin because you have 0% invested and you're watching it go up, you probably need to buy a little of it for peace of mind.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p>About the author: Anna-Louise Jackson is a financial journalist with more than a decade of writing and editing experience. She was a reporter for Bloomberg News, covering the U.S. economy, U.S. stock market, and corporate finance. Her work has also appeared in/on NerdWallet, CNBC, The Associated Press, USA Today, Forbes, Fortune, and Money.</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>What you need to know to start investing in cryptocurrency right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat you need to know to start investing in cryptocurrency right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-15 17:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in crypto -- and advice on whether you should dive in.</p>\n<p>MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive.</p>\n<p>It's been a hot year for cryptocurrencies, and 2021 isn't even halfway over. The total value of cryptocurrencies briefly surpassed $2.5 trillion in May as a plethora of new investors jumped in, and now approximately 14% of American adults own cryptocurrencies.</p>\n<p>Cryptocurrencies are digital assets that are exchanged online on exchanges like Coinbase . Cryptocurrencies are hardly new. Bitcoin, the first and largest cryptocurrency by market capitalization, was created in 2009 and has been followed by more than 7,700 others. You may have also heard of ethereum, tether, or even dogecoin, which began as a joke and now sits among the 10 largest cryptocurrencies.</p>\n<p>While some people are investing purely to speculate, others look at cryptos as a way to store value or hedge against inflation. Here's how to invest in crypto now, whether you should get into it, and what to know before you do.</p>\n<p><b>How to invest in cryptocurrencies</b></p>\n<p>While investing in cryptocurrencies has gone mainstream, it's not an option at many traditional online brokers -- yet. Here are a few brokers that allow you to directly hold cryptocurrencies alongside other assets like stocks and bonds, but fees vary and it's key to do your homework:</p>\n<p>TD Ameritrade, Interactive Brokers, and Charles Schwab offer bitcoin futures trading.</p>\n<p>If your broker doesn't offer cryptocurrencies, you might consider signing up for an account with a crypto exchange, such as <a href=\"https://laohu8.com/S/AONE\">one</a> of the following:</p>\n<p><b>Prepare for risk and volatility</b></p>\n<p>Not all cryptocurrencies are created alike, and each token has unique characteristics that help dictate its price swings. That's why it's important to learn as much as possible about a specific token before investing, including why it was created (what problem it's trying to solve) and by whom (the governance structure), recommends Chris Kupier, vice president of equity research at CFRA Research.</p>\n<p>\"The more you understand it, the more you're going to approach investing in the 'right' way,\" Kupier says. For example, he likens bitcoin to \"gold 2.0\" because the digital coin has a finite supply and is seen by some as a way to store value and hedge against inflation -- characteristics that don't apply to ethereum, for example. (Note that this bitcoin-is-the-new-gold take is certainly not shared by everyone, as this MarketWatch .</p>\n<p>Cryptocurrencies fall under the umbrella of alternative assets (like commodities or real estate) because they offer a way to diversify your portfolio and have a low correlation to other assets, like stocks and bonds, Kupier notes. But cryptocurrencies are volatile, and because trading occurs 24/7, 365 days a year, that allows traders to react immediately to news -- or even tweets . Indeed, this year, tweets from Elon Musk, CEO of Tesla, caused crypto prices to both jump and slump.</p>\n<p>\"Look, this is the Wild West, so you have to be ready for it,\" Kupier says. While bitcoin has experienced average annualized returns in excess of 200%, that's come with huge price slumps, he adds. \"You need to embrace the volatility if you want those gains.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p><b>Consider risk-reward dynamics</b></p>\n<p>Investing in crypto is not for everyone. Those who do dive in should remember this: Given the extreme volatility, moderation is key, notes Matt Schwartz, senior advisor and a certified financial planner with Great Waters Financial. Just as you shouldn't invest all of your money in <a href=\"https://laohu8.com/S/AONE.U\">one</a> asset -- like a stock or bond -- cryptocurrencies should have a limited impact on the risk-reward dynamics of your overall portfolio, he adds.</p>\n<p>\"If you have 2%-5% of your portfolio allocated to any asset class, that isn't going to move the needle on your overall portfolio that much,\" Schwartz says, adding that the exact allocation is unique to each investor. \"It's important to think about your own situation and how it may or may not help you accomplish your goals.\"</p>\n<p>Some investing pros say that if you do want to dive into crypto, a smart way to do it may be through dollar-cost averaging, which simply means investing a fixed amount at regular intervals. And be sure to consult an accountant about the tax implications of trading (it can get pricey).</p>\n<p>Finally, be mindful of how investment decisions affect you. \"Don't take on so much risk that you can't sleep at night,\" Kupier says. \"But the opposite is true: If you're constantly watching bitcoin because you have 0% invested and you're watching it go up, you probably need to buy a little of it for peace of mind.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p>About the author: Anna-Louise Jackson is a financial journalist with more than a decade of writing and editing experience. She was a reporter for Bloomberg News, covering the U.S. economy, U.S. stock market, and corporate finance. Her work has also appeared in/on NerdWallet, CNBC, The Associated Press, USA Today, Forbes, Fortune, and Money.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143735752","content_text":"From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in crypto -- and advice on whether you should dive in.\nMarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive.\nIt's been a hot year for cryptocurrencies, and 2021 isn't even halfway over. The total value of cryptocurrencies briefly surpassed $2.5 trillion in May as a plethora of new investors jumped in, and now approximately 14% of American adults own cryptocurrencies.\nCryptocurrencies are digital assets that are exchanged online on exchanges like Coinbase . Cryptocurrencies are hardly new. Bitcoin, the first and largest cryptocurrency by market capitalization, was created in 2009 and has been followed by more than 7,700 others. You may have also heard of ethereum, tether, or even dogecoin, which began as a joke and now sits among the 10 largest cryptocurrencies.\nWhile some people are investing purely to speculate, others look at cryptos as a way to store value or hedge against inflation. Here's how to invest in crypto now, whether you should get into it, and what to know before you do.\nHow to invest in cryptocurrencies\nWhile investing in cryptocurrencies has gone mainstream, it's not an option at many traditional online brokers -- yet. Here are a few brokers that allow you to directly hold cryptocurrencies alongside other assets like stocks and bonds, but fees vary and it's key to do your homework:\nTD Ameritrade, Interactive Brokers, and Charles Schwab offer bitcoin futures trading.\nIf your broker doesn't offer cryptocurrencies, you might consider signing up for an account with a crypto exchange, such as one of the following:\nPrepare for risk and volatility\nNot all cryptocurrencies are created alike, and each token has unique characteristics that help dictate its price swings. That's why it's important to learn as much as possible about a specific token before investing, including why it was created (what problem it's trying to solve) and by whom (the governance structure), recommends Chris Kupier, vice president of equity research at CFRA Research.\n\"The more you understand it, the more you're going to approach investing in the 'right' way,\" Kupier says. For example, he likens bitcoin to \"gold 2.0\" because the digital coin has a finite supply and is seen by some as a way to store value and hedge against inflation -- characteristics that don't apply to ethereum, for example. (Note that this bitcoin-is-the-new-gold take is certainly not shared by everyone, as this MarketWatch .\nCryptocurrencies fall under the umbrella of alternative assets (like commodities or real estate) because they offer a way to diversify your portfolio and have a low correlation to other assets, like stocks and bonds, Kupier notes. But cryptocurrencies are volatile, and because trading occurs 24/7, 365 days a year, that allows traders to react immediately to news -- or even tweets . Indeed, this year, tweets from Elon Musk, CEO of Tesla, caused crypto prices to both jump and slump.\n\"Look, this is the Wild West, so you have to be ready for it,\" Kupier says. While bitcoin has experienced average annualized returns in excess of 200%, that's come with huge price slumps, he adds. \"You need to embrace the volatility if you want those gains.\"\nIf you are ready to invest in crypto, here are a few of your options: Coinbase .\nConsider risk-reward dynamics\nInvesting in crypto is not for everyone. Those who do dive in should remember this: Given the extreme volatility, moderation is key, notes Matt Schwartz, senior advisor and a certified financial planner with Great Waters Financial. Just as you shouldn't invest all of your money in one asset -- like a stock or bond -- cryptocurrencies should have a limited impact on the risk-reward dynamics of your overall portfolio, he adds.\n\"If you have 2%-5% of your portfolio allocated to any asset class, that isn't going to move the needle on your overall portfolio that much,\" Schwartz says, adding that the exact allocation is unique to each investor. \"It's important to think about your own situation and how it may or may not help you accomplish your goals.\"\nSome investing pros say that if you do want to dive into crypto, a smart way to do it may be through dollar-cost averaging, which simply means investing a fixed amount at regular intervals. And be sure to consult an accountant about the tax implications of trading (it can get pricey).\nFinally, be mindful of how investment decisions affect you. \"Don't take on so much risk that you can't sleep at night,\" Kupier says. \"But the opposite is true: If you're constantly watching bitcoin because you have 0% invested and you're watching it go up, you probably need to buy a little of it for peace of mind.\"\nIf you are ready to invest in crypto, here are a few of your options: Coinbase .\nAbout the author: Anna-Louise Jackson is a financial journalist with more than a decade of writing and editing experience. She was a reporter for Bloomberg News, covering the U.S. economy, U.S. stock market, and corporate finance. Her work has also appeared in/on NerdWallet, CNBC, The Associated Press, USA Today, Forbes, Fortune, and Money.","news_type":1},"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160950318,"gmtCreate":1623770179734,"gmtModify":1703818937338,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160950318","repostId":"1138970454","repostType":2,"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160922302,"gmtCreate":1623770049206,"gmtModify":1703818932488,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160922302","repostId":"1135158450","repostType":4,"repost":{"id":"1135158450","pubTimestamp":1623750495,"share":"https://ttm.financial/m/news/1135158450?lang=&edition=fundamental","pubTime":"2021-06-15 17:48","market":"us","language":"en","title":"Goldman Expands Crypto-Trading Desk By Offering Ether Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1135158450","media":"zerohedge","summary":"A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman S","content":"<p>A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman Sachs released what we described as the closest thing to 'initiating coverage' on cryptocurrencies, with the big takeaway being that the bank saw Ethereum overtaking bitcoin as the world's most popular cryptocurrency in the not-too-distant future.</p>\n<p>After its release, we suspected that the report was a harbinger of Goldman potentially announcing an expansion of its crypto business as it scrambles to stay a step ahead of megabank rivals like JPMorgan, Citigroup and others. As it turns out, we were correct.</p>\n<p>Because on Monday, Mathew McDermott, head of digital assets at Goldman, told Bloomberg News that the bank is planning to sell options and futures for ether and bitcoinvia its newly restarted crypto trading desk.</p>\n<p>Even JP Morgan, whose CEO once famously bashed bitcoin,is expanding its own crypto business,claiming its clients demand it. The global banking regulators at the Basel Committee also gave a begrudging green light for international banks to deal in cryptocurrencies (though they need to hold plenty of capital in reserve for any crypto on their balance sheet).</p>\n<p>According to McDermott, even after the drop in crypto prices, hedge funds are still eager to trade crypto. And Goldman is looking to invest in more crypto-focused companies.</p>\n<blockquote>\n \"We’ve actually seen a lot of interest from clients who are eager to trade as they find these levels as a slightly more palatable entry point,” McDermott said in a phone interview on Thursday. “We see it as a cleansing exercise to reduce some of the leverage and the excess in the system, especially from a retail perspective.” Goldman tapped McDermott, 47, to head its digital currency efforts last year. Under his watch, the business has grown to 17 people from four. The bank has also invested in crypto start-ups. It put $5 million into a fundraising round by Blockdaemon, a firm that creates and hosts the computer nodes that make up blockchain networks. In May, Goldman led the $15 million investment into Coin Metrics, a cryptocurrency and blockchain data provider to institutional clients, and McDermott joined the company’s board. “We are looking at a number of different companies that fit into our strategic direction,” he said. Other banks have also expanded their crypto operations. Cowen Inc. plans to offer “institutional-grade” custody services for cryptocurrencies. Standard Chartered Plc is setting up a joint venture to buy and sell virtual currencies, though HSBC Holdings Plc is avoiding Bitcoin for now.\n</blockquote>\n<p>Circling back to the report we mentioned above, Goldman and its team of analysts have clearly explored the pros and cons before deciding to expand its business.</p>\n<p>The term “cryptocurrencies”—which most people take to mean that crypto assets act as a digital medium of exchange, like fiat currency—is fundamentally misleading when it comes to assessing the value of these assets. Indeed,<b>the blockchain that underlies bitcoin was not designed to replace a fiat currency—it is a trusted peer-to-peer payments network.</b>As a cryptographic algorithm generates the proof that the payment was correctly executed, no third party is needed to verify the transaction.<b>The blockchain and its native coin were therefore designed to replace the banking system and others like insurance that require a trusted intermediary today, not the Dollar.</b>In that sense, the blockchain is differentiated from other “digital” transactional mechanisms such as PayPal, which is dependent upon the banking system to prevent fraud like double-spending.</p>\n<p>In order to be trustworthy, the system needed to create an asset that had no liabilities or contingent claims, which can only be a real asset just like a commodity. And to achieve that, blockchain technologies used scarcity in natural resources—oil, gas, coal, uranium and hydro—through ever-increasing computational-power consumption to “mine” a bit version of a natural resource.</p>\n<p>From this perspective, the intrinsic value of the network is the trustworthy information that the blockchain produces through its mining process, and the coins native to the network are required to unlock this trusted information, and make it tradeable and fungible. It’s therefore impossible to say that the network has value and a role in society without saying that the coin does too. And the value of the coin is dependent upon the value and growth of the network.</p>\n<p>That said, because the network is decentralized and anonymous,<b>legal challenges facing future growth for crypto assets loom large.</b>Coins trying to displace the Dollar run headlong into anti-money laundering laws (AML), as exemplified by the recent ransoms demanded in bitcoin from the Colonial Pipeline operator and the Irish Health service. Regulators can impede the use of crypto assets as a substitute for the Dollar or other currencies simply by making them non-convertible. An asset only has value if it can either be used or sold. And Chinese and Indian authorities have already challenged crypto uses in payments.</p>\n<p>As a result,<b>the market share of coins used for other purposes beyond currencies like “smart contracts” and “information tokens” will likely continue to rise.</b>However, even these non-currency uses will need to be recognized by courts of law to be accepted in commercial transactions—a question we leave to the lawyers.</p>\n<p><b>The network creates the value, unlike other commodities</b></p>\n<p>Unlike other commodities, coins derive their entire value from the network. A bitcoin has no value outside of its network as it is native to the Bitcoin blockchain. The value of oil is also largely derived from the transportation network that it fuels, but at least oil can be burned to create heat outside of this network.<b>At the other extreme, gold doesn’t require a network at all.</b></p>\n<p><img src=\"https://static.tigerbbs.com/aba6f2b8dd670875cb7a0942c5fd95f0\" tg-width=\"500\" tg-height=\"399\">Derived demand leaves the holder of the commodity exposed to the risk of the network becoming obsolete—a lesson that holders of oil reserves are now learning with decarbonization accelerating the decline of the transportation network, and, in turn damaging oil demand. Likewise,<b>bitcoin owners face accelerated network decay risk from a competing network, backed by a new cryptocurrency.</b></p>\n<p>As the demand for gold is not dependent on a network,<b>it will ultimately outlive oil and bitcoin—gold entropy lies at the unit, not the network, level.</b>Indeed, most stores of value that are used as defensive assets—like gold, diamonds and collectibles—don’t have derived demand and therefore only face unit-level entropy risk. This is what makes them defensive. The world can fall apart around them and they preserve their value. And while they don’t have derived demand, they do have other uses that establish their value, i.e. gold is used for jewelry and as a store of value.</p>\n<p><b>Transactions drive value, creating a risk-on asset</b></p>\n<p>Crypto doesn’t trade like gold and nor should it. Using any standard valuation method, transactions or expected transactions on the network are the key determinant of network value. The more transactions the blockchain can verify, the greater the network value. Transaction volumes and the demand for commodified information are roughly correlated with the business cycle; thus,<b>crypto assets should trade as pro-cyclical risk-on assets as they have for the past decade. Gold and bitcoin are therefore not competing assets as is commonly misunderstood, and can instead co-exist.</b>Because the value of the network and hence the coin is derived from the volume of transactions, hoarding coins as stores of value reduces the coins available for transactions, which reduces the value of the network.<b>Because gold doesn’t have this property, it is the only commodity that institutional investors hold in physical inventory.</b>Nearly all other commodities are held in paper inventory in the form of futures to avoid disrupting the network.<b>This suggests that, like oil, crypto investments will need to be held in the form of futures contracts, not physically, if they are to serve as stores of value.</b></p>\n<p>Crypto assets aren’t digital oil, either, as they are not non-durable consumables and can therefore be used again. This durability makes them a store of value, provided this demand doesn’t disrupt network flows. The crypto assets that have the greatest utility are also likely to be the dominant stores of value—the high utility reduces the carry costs.</p>\n<p><img src=\"https://static.tigerbbs.com/e2873efa55fd8073c76445c1cdc110f9\" tg-width=\"500\" tg-height=\"390\"></p>\n<p><b>So what is crypto? A powerful networking effect</b></p>\n<p>The network provides crypto an extremely powerful networking externality that no other commodity possesses. The operators—miners, exchanges and developers—are all paid in the native coin, making them fully vested in its success. Similarly, users—merchants, investors and speculators—are also fully vested. This gives bitcoin holders an incentive to accommodate purchases of their own products in bitcoin, which in turn, creates more demand for the coins they already own. Similarly, ether holders have an incentive to build apps and other products on the Ethereum network to increase the value of their coins.</p>\n<p><b>Because the coin holders have a stake in the network, speculation spurs adoption; even during bust periods, coin holders are motivated to work to create the next new boom.</b>After the dot-com bust, the shareholders had no commodity to promote. In crypto assets, even when prices collapse, the coin holders have a commodity to promote. They will always live for another boom, like an oil wildcatter.</p>\n<p><b>It’s all about information</b></p>\n<p>As the value of the coin is dependent on the value of the trustworthy information, blockchain technology has gravitated toward those industries where trust is most essential—finance, law and medicine. For the Bitcoin blockchain, this information is the record of every balance sheet in the network, and the transactions between them—originally the role of banks. In the case of a smart contract—a piece of code that executes according to a pre-set rule—on Ethereum, both the terms of that contract (the code) and the state of the contract (executed or not) are the information validated on the Ethereum blockchain. As a result, the counterparty in the contract cannot claim a transfer of funds without the network forming a consensus that the contract was indeed executed.<u><b>In our view the most valuable crypto assets will be those that help verify the most critical information in the economy.</b></u></p>\n<p>Over time, the decentralized nature of the network will diminish concerns about storing personal data on the blockchain. One’s digital profile could contain personal data including asset ownership, medical history and even IP rights. Since this information is immutable—it cannot be changed without consensus—the trusted information can then be tokenized and traded.<b><u>A blockchain platform like Ethereum could potentially become a large market for vendors of trusted information, like Amazon is for consumer goods today</u></b><b>.</b></p>\n<p><b>Crypto beyond this boom and bust cycle</b></p>\n<p>By many measures—Metcalfe’s Lawor Network Value to Transactions (NVT) ratio —crypto assets are in bubble territory. But does the demand for “commodified information” create enough economic value at a low enough cost to be scaled up in the long run? If the legal system accommodates these assets, we believe so.<b>While many overvalued networks exist, a few will likely emerge as long-term winners in the next stage of the digital economy, just as the tech titans of today emerged from the dot-com boom and bust.</b>This transformation is happening now—there are already an estimated 21.2 million owners of cryptocurrencies in the US alone. However, technological, environmental and legal challenges still loom large.</p>\n<p>Ethereum 2.0is expected to ramp upcapacity to 3,000 transactions per second (tps), while sharding—<b>which will scale Ethereum 2.0’s Proof of Stake (PoS) system through parallel verification of transactions—has the potential to raise capacity to as much as 100,000 tps.</b>For context, Visa has the capacity to process up to 65,000 tps but typically executes around 2,000 tps.<b>PoS intends to have validators stake the now scarce and valuable coins to incentivize good behavior instead of having miners expend energy to mine new blocks into existence, as under Proof of Work, making crypto assets more ESG friendly.</b>PoS also can significantly boost computational time in terms of transactions per second, which will further incentivize technological adoption. Ironically,<b>this is likely where the value of and demand for bitcoin will come from—being used as the scarce resource to make the PoS system work instead of natural resources.</b></p>\n<p>While overcoming the economic challenges will likely be manageable, the legal challenges are the largest for many crypto assets. And this past week was challenging for crypto assets with confirmation that the 75 bitcoin ransom over the Colonial Pipeline was actually paid. This is a reminder that cryptocurrencies still facilitate criminal activities that have large social costs.</p>\n<p><b>For Ethereum, new companies which aim to disrupt finance, law or medicine by integrating information stored on the platform into their algorithms are likely to run into problems with being legally recognized.</b>If crypto assets are to survive and grow to their fullest potential, they need to define some concept of “sufficiently decentralized” that will satisfy regulators; otherwise, the technologies will soon run out of uses.</p>\n<p>In summary: the talk in the crypto community lately has focused on whether ether is finally supplanting bitcoin since the former has more utility, and therefore a greater potential for a network effect.</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>Goldman Expands Crypto-Trading Desk By Offering Ether Options</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\">\nGoldman Expands Crypto-Trading Desk By Offering Ether Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 17:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/crypto/goldman-expands-crypto-trading-desk-offering-ether-options?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman Sachs released what we described as the closest thing to 'initiating coverage' on cryptocurrencies, ...</p>\n\n<a href=\"https://www.zerohedge.com/crypto/goldman-expands-crypto-trading-desk-offering-ether-options?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","GS":"高盛","GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.zerohedge.com/crypto/goldman-expands-crypto-trading-desk-offering-ether-options?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135158450","content_text":"A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman Sachs released what we described as the closest thing to 'initiating coverage' on cryptocurrencies, with the big takeaway being that the bank saw Ethereum overtaking bitcoin as the world's most popular cryptocurrency in the not-too-distant future.\nAfter its release, we suspected that the report was a harbinger of Goldman potentially announcing an expansion of its crypto business as it scrambles to stay a step ahead of megabank rivals like JPMorgan, Citigroup and others. As it turns out, we were correct.\nBecause on Monday, Mathew McDermott, head of digital assets at Goldman, told Bloomberg News that the bank is planning to sell options and futures for ether and bitcoinvia its newly restarted crypto trading desk.\nEven JP Morgan, whose CEO once famously bashed bitcoin,is expanding its own crypto business,claiming its clients demand it. The global banking regulators at the Basel Committee also gave a begrudging green light for international banks to deal in cryptocurrencies (though they need to hold plenty of capital in reserve for any crypto on their balance sheet).\nAccording to McDermott, even after the drop in crypto prices, hedge funds are still eager to trade crypto. And Goldman is looking to invest in more crypto-focused companies.\n\n \"We’ve actually seen a lot of interest from clients who are eager to trade as they find these levels as a slightly more palatable entry point,” McDermott said in a phone interview on Thursday. “We see it as a cleansing exercise to reduce some of the leverage and the excess in the system, especially from a retail perspective.” Goldman tapped McDermott, 47, to head its digital currency efforts last year. Under his watch, the business has grown to 17 people from four. The bank has also invested in crypto start-ups. It put $5 million into a fundraising round by Blockdaemon, a firm that creates and hosts the computer nodes that make up blockchain networks. In May, Goldman led the $15 million investment into Coin Metrics, a cryptocurrency and blockchain data provider to institutional clients, and McDermott joined the company’s board. “We are looking at a number of different companies that fit into our strategic direction,” he said. Other banks have also expanded their crypto operations. Cowen Inc. plans to offer “institutional-grade” custody services for cryptocurrencies. Standard Chartered Plc is setting up a joint venture to buy and sell virtual currencies, though HSBC Holdings Plc is avoiding Bitcoin for now.\n\nCircling back to the report we mentioned above, Goldman and its team of analysts have clearly explored the pros and cons before deciding to expand its business.\nThe term “cryptocurrencies”—which most people take to mean that crypto assets act as a digital medium of exchange, like fiat currency—is fundamentally misleading when it comes to assessing the value of these assets. Indeed,the blockchain that underlies bitcoin was not designed to replace a fiat currency—it is a trusted peer-to-peer payments network.As a cryptographic algorithm generates the proof that the payment was correctly executed, no third party is needed to verify the transaction.The blockchain and its native coin were therefore designed to replace the banking system and others like insurance that require a trusted intermediary today, not the Dollar.In that sense, the blockchain is differentiated from other “digital” transactional mechanisms such as PayPal, which is dependent upon the banking system to prevent fraud like double-spending.\nIn order to be trustworthy, the system needed to create an asset that had no liabilities or contingent claims, which can only be a real asset just like a commodity. And to achieve that, blockchain technologies used scarcity in natural resources—oil, gas, coal, uranium and hydro—through ever-increasing computational-power consumption to “mine” a bit version of a natural resource.\nFrom this perspective, the intrinsic value of the network is the trustworthy information that the blockchain produces through its mining process, and the coins native to the network are required to unlock this trusted information, and make it tradeable and fungible. It’s therefore impossible to say that the network has value and a role in society without saying that the coin does too. And the value of the coin is dependent upon the value and growth of the network.\nThat said, because the network is decentralized and anonymous,legal challenges facing future growth for crypto assets loom large.Coins trying to displace the Dollar run headlong into anti-money laundering laws (AML), as exemplified by the recent ransoms demanded in bitcoin from the Colonial Pipeline operator and the Irish Health service. Regulators can impede the use of crypto assets as a substitute for the Dollar or other currencies simply by making them non-convertible. An asset only has value if it can either be used or sold. And Chinese and Indian authorities have already challenged crypto uses in payments.\nAs a result,the market share of coins used for other purposes beyond currencies like “smart contracts” and “information tokens” will likely continue to rise.However, even these non-currency uses will need to be recognized by courts of law to be accepted in commercial transactions—a question we leave to the lawyers.\nThe network creates the value, unlike other commodities\nUnlike other commodities, coins derive their entire value from the network. A bitcoin has no value outside of its network as it is native to the Bitcoin blockchain. The value of oil is also largely derived from the transportation network that it fuels, but at least oil can be burned to create heat outside of this network.At the other extreme, gold doesn’t require a network at all.\nDerived demand leaves the holder of the commodity exposed to the risk of the network becoming obsolete—a lesson that holders of oil reserves are now learning with decarbonization accelerating the decline of the transportation network, and, in turn damaging oil demand. Likewise,bitcoin owners face accelerated network decay risk from a competing network, backed by a new cryptocurrency.\nAs the demand for gold is not dependent on a network,it will ultimately outlive oil and bitcoin—gold entropy lies at the unit, not the network, level.Indeed, most stores of value that are used as defensive assets—like gold, diamonds and collectibles—don’t have derived demand and therefore only face unit-level entropy risk. This is what makes them defensive. The world can fall apart around them and they preserve their value. And while they don’t have derived demand, they do have other uses that establish their value, i.e. gold is used for jewelry and as a store of value.\nTransactions drive value, creating a risk-on asset\nCrypto doesn’t trade like gold and nor should it. Using any standard valuation method, transactions or expected transactions on the network are the key determinant of network value. The more transactions the blockchain can verify, the greater the network value. Transaction volumes and the demand for commodified information are roughly correlated with the business cycle; thus,crypto assets should trade as pro-cyclical risk-on assets as they have for the past decade. Gold and bitcoin are therefore not competing assets as is commonly misunderstood, and can instead co-exist.Because the value of the network and hence the coin is derived from the volume of transactions, hoarding coins as stores of value reduces the coins available for transactions, which reduces the value of the network.Because gold doesn’t have this property, it is the only commodity that institutional investors hold in physical inventory.Nearly all other commodities are held in paper inventory in the form of futures to avoid disrupting the network.This suggests that, like oil, crypto investments will need to be held in the form of futures contracts, not physically, if they are to serve as stores of value.\nCrypto assets aren’t digital oil, either, as they are not non-durable consumables and can therefore be used again. This durability makes them a store of value, provided this demand doesn’t disrupt network flows. The crypto assets that have the greatest utility are also likely to be the dominant stores of value—the high utility reduces the carry costs.\n\nSo what is crypto? A powerful networking effect\nThe network provides crypto an extremely powerful networking externality that no other commodity possesses. The operators—miners, exchanges and developers—are all paid in the native coin, making them fully vested in its success. Similarly, users—merchants, investors and speculators—are also fully vested. This gives bitcoin holders an incentive to accommodate purchases of their own products in bitcoin, which in turn, creates more demand for the coins they already own. Similarly, ether holders have an incentive to build apps and other products on the Ethereum network to increase the value of their coins.\nBecause the coin holders have a stake in the network, speculation spurs adoption; even during bust periods, coin holders are motivated to work to create the next new boom.After the dot-com bust, the shareholders had no commodity to promote. In crypto assets, even when prices collapse, the coin holders have a commodity to promote. They will always live for another boom, like an oil wildcatter.\nIt’s all about information\nAs the value of the coin is dependent on the value of the trustworthy information, blockchain technology has gravitated toward those industries where trust is most essential—finance, law and medicine. For the Bitcoin blockchain, this information is the record of every balance sheet in the network, and the transactions between them—originally the role of banks. In the case of a smart contract—a piece of code that executes according to a pre-set rule—on Ethereum, both the terms of that contract (the code) and the state of the contract (executed or not) are the information validated on the Ethereum blockchain. As a result, the counterparty in the contract cannot claim a transfer of funds without the network forming a consensus that the contract was indeed executed.In our view the most valuable crypto assets will be those that help verify the most critical information in the economy.\nOver time, the decentralized nature of the network will diminish concerns about storing personal data on the blockchain. One’s digital profile could contain personal data including asset ownership, medical history and even IP rights. Since this information is immutable—it cannot be changed without consensus—the trusted information can then be tokenized and traded.A blockchain platform like Ethereum could potentially become a large market for vendors of trusted information, like Amazon is for consumer goods today.\nCrypto beyond this boom and bust cycle\nBy many measures—Metcalfe’s Lawor Network Value to Transactions (NVT) ratio —crypto assets are in bubble territory. But does the demand for “commodified information” create enough economic value at a low enough cost to be scaled up in the long run? If the legal system accommodates these assets, we believe so.While many overvalued networks exist, a few will likely emerge as long-term winners in the next stage of the digital economy, just as the tech titans of today emerged from the dot-com boom and bust.This transformation is happening now—there are already an estimated 21.2 million owners of cryptocurrencies in the US alone. However, technological, environmental and legal challenges still loom large.\nEthereum 2.0is expected to ramp upcapacity to 3,000 transactions per second (tps), while sharding—which will scale Ethereum 2.0’s Proof of Stake (PoS) system through parallel verification of transactions—has the potential to raise capacity to as much as 100,000 tps.For context, Visa has the capacity to process up to 65,000 tps but typically executes around 2,000 tps.PoS intends to have validators stake the now scarce and valuable coins to incentivize good behavior instead of having miners expend energy to mine new blocks into existence, as under Proof of Work, making crypto assets more ESG friendly.PoS also can significantly boost computational time in terms of transactions per second, which will further incentivize technological adoption. Ironically,this is likely where the value of and demand for bitcoin will come from—being used as the scarce resource to make the PoS system work instead of natural resources.\nWhile overcoming the economic challenges will likely be manageable, the legal challenges are the largest for many crypto assets. And this past week was challenging for crypto assets with confirmation that the 75 bitcoin ransom over the Colonial Pipeline was actually paid. This is a reminder that cryptocurrencies still facilitate criminal activities that have large social costs.\nFor Ethereum, new companies which aim to disrupt finance, law or medicine by integrating information stored on the platform into their algorithms are likely to run into problems with being legally recognized.If crypto assets are to survive and grow to their fullest potential, they need to define some concept of “sufficiently decentralized” that will satisfy regulators; otherwise, the technologies will soon run out of uses.\nIn summary: the talk in the crypto community lately has focused on whether ether is finally supplanting bitcoin since the former has more utility, and therefore a greater potential for a network effect.","news_type":1},"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160923969,"gmtCreate":1623769936951,"gmtModify":1703818926692,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Wow]&nbsp;","listText":"[Wow]&nbsp;","text":"[Wow]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160923969","repostId":"1180911259","repostType":4,"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160920084,"gmtCreate":1623769871948,"gmtModify":1703818923776,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160920084","repostId":"1127088935","repostType":4,"repost":{"id":"1127088935","pubTimestamp":1623765392,"share":"https://ttm.financial/m/news/1127088935?lang=&edition=fundamental","pubTime":"2021-06-15 21:56","market":"us","language":"en","title":"Alibaba stock on watch ahead of major Chinese shopping festival","url":"https://stock-news.laohu8.com/highlight/detail?id=1127088935","media":"seekingalpha","summary":"China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)t","content":"<p>China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)to regulate their promotional phone messages related to the upcoming annual June 18 shopping festival.</p>\n<p>The seemingly minor warning gains more importance due to China's ongoing crackdown on tech names, which led to the last-minute halt of fintech giant Ant Group's blockbuster IPO late last year and the more recent record antitrust fine for Alibaba.</p>\n<p>The massive 6.18 shopping event is closely watched for signs of consumer health in one of the world's largest economies.</p>\n<p>Last year, Alibaba had 6.18 gross merchandise volume of $98.52B, and JD.com had total transaction volume of $37.99B.</p>\n<p><img src=\"https://static.tigerbbs.com/8f6a01b5466a4409f5ba6e1f8b6331bc\" tg-width=\"290\" tg-height=\"129\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba stock on watch ahead of major Chinese shopping festival</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 stock on watch ahead of major Chinese shopping festival\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3706423-alibaba-stock-on-watch-ahead-of-major-chinese-shopping-festival><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)to regulate their promotional phone messages related to the upcoming annual June 18 shopping festival...</p>\n\n<a href=\"https://seekingalpha.com/news/3706423-alibaba-stock-on-watch-ahead-of-major-chinese-shopping-festival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09618":"京东集团-SW","JD":"京东","BABA":"阿里巴巴","PDD":"拼多多"},"source_url":"https://seekingalpha.com/news/3706423-alibaba-stock-on-watch-ahead-of-major-chinese-shopping-festival","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1127088935","content_text":"China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)to regulate their promotional phone messages related to the upcoming annual June 18 shopping festival.\nThe seemingly minor warning gains more importance due to China's ongoing crackdown on tech names, which led to the last-minute halt of fintech giant Ant Group's blockbuster IPO late last year and the more recent record antitrust fine for Alibaba.\nThe massive 6.18 shopping event is closely watched for signs of consumer health in one of the world's largest economies.\nLast year, Alibaba had 6.18 gross merchandise volume of $98.52B, and JD.com had total transaction volume of $37.99B.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160962375,"gmtCreate":1623769746497,"gmtModify":1703818918917,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160962375","repostId":"1150591447","repostType":4,"repost":{"id":"1150591447","pubTimestamp":1623769391,"share":"https://ttm.financial/m/news/1150591447?lang=&edition=fundamental","pubTime":"2021-06-15 23:03","market":"us","language":"en","title":"Here's a complete trader playbook for every outcome from the key Fed meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1150591447","media":"CNBC","summary":"The Federal Reserve’s all-important policy meeting this week is going to affect where investors put ","content":"<div>\n<p>The Federal Reserve’s all-important policy meeting this week is going to affect where investors put their money to work going forward.\nThe Federal Open Market Committee,which will conclude its two-day...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's a complete trader playbook for every outcome from the key Fed meeting</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\">\nHere's a complete trader playbook for every outcome from the key Fed meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s all-important policy meeting this week is going to affect where investors put their money to work going forward.\nThe Federal Open Market Committee,which will conclude its two-day...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150591447","content_text":"The Federal Reserve’s all-important policy meeting this week is going to affect where investors put their money to work going forward.\nThe Federal Open Market Committee,which will conclude its two-day meeting Wednesday, could start preliminary discussions about scaling back the unprecedented bond-buying programs that aided the economy during the pandemic. Some market participants believe it’s still too soon for the central bank to signal such a tapering action, while others think the Fed will be able to find a happy medium that won’t upset the markets.\nEach scenario has different investing implications as they are expected to make big moves across asset classes.\nHere’s a playbook for traders on every scenario from the central bank’s key meeting.\nIf the Fed signals it’s staying with easy policies\nThe Fed could reiterate its transitory stance on inflation, ignoring the pick-up in price pressures reflected in recent economic data. If the central bank says its not time to remove accommodative policies and it’s not concerned about inflation, investors should stick with hedges against rising prices like commodities and stocks with high pricing power, investment banks found.\nBank of America screened S&P 500 companies that its analysts believe have the most pricing power and ability to expand margins at times of rising prices. The stocks include a few chipmakers —Nvidia,Texas InstrumentsandBroadcom— as well as consumer plays likeHome Depot,NikeandPepsiCo.Energy dividend payerExxon Mobilis also on the list.\nUBS also developed a framework for scoring corporate pricing agility, which considers pricing power, margin momentum and input cost exposure. For pricing power, UBS quantified the extent to which a company can raise prices over and above costs. For margin momentum, UBS tracked corporate pricing trends using its proprietary pricing mapping.\nFor input cost exposure, UBS searched for companies with negative sentiment around commodity and transport costs on earnings calls.\n\nBillionaire hedge fund manager Paul Tudor Jones said earlier this week that investors should “go all in on the inflation trades” if the Fed keeps ignoring higher prices.\n“If they treat these numbers — which were material events, they were very material —if they treat them with nonchalance, I think it’s just a green light to bet heavily on every inflation trade,” Tudor Jones said on “Squawk Box”on Monday.\n“If they say, ‘We’re on path, things are good,’ then I would just go all in on the inflation trades. I’d probably buy commodities, buy crypto, buy gold,” added Tudor Jones, who called the stock market crash in 1987.\nThe legendary investor believe cryptocurrencies and other commodities are favorable inflation hedges. Other than buying the commodities outright, investors could also bet on related exchange-traded funds, like gold miner ETFs.\nThe VanEck Vectors Gold Miners ETF (GDX),the biggest gold miner ETF with more than $14 billion in assets under management, has outperformed the populargold ETF GLDso far this year.\nIf the Fed signals it’s time to start removing easy policies\nAnother widely speculated scenario is for the Fed to signal that it’s nearing the time to dial back easy policy saying it will start tapering soon and move up its forecast for a rate increase. Under such a case where the central bank isn’t sufficiently dovish, many expect bond yields to shoot higher.\n“It could easily move longer yields higher,” said Kristina Hooper, Invesco’s chief global market strategist. “A revised dot plot could be one way to do that if it shows the anticipation of earlier or more aggressive rate hikes. And Fed Chair Jay Powell could easily push rates up if he shares that the Fed has started discussing tapering or suggests tapering could start in the next several months.”\nTudor Jones warned that this scenario could lead to another taper tantrum that could cause a correction in stocks.\n“If they course correct, if they say, ‘We’ve got incoming data, we’ve accomplished our mission or we’re on the way very rapidly to accomplishing our mission on employment,’ then you’re going to get a taper tantrum,”Tudor Jones said on Monday. “You’re going to get a sell-off in fixed income. You’re going to get a correction in stocks.”\nCNBC Pro combed through the returns of all S&P 500 stocks during the last five significant spikes in the 10-year Treasury yield. These five periods of a sharp move in rates occurred between 2003 and 2006, 2008 and 2009, 2012 and 2013, 2016 and 2018, and 2020 through now.\nAfter we found the stocks that beat the market every time, we looked for the names that are well-loved by analysts on Wall Street today. The stocks’ average gains during those rising interest rate periods are listed below, along with the percentage of analysts with buy ratings right now.\n\nBank of America’s head of U.S. equity and quantitative strategy Savita Subramanian is advising clients to buy high-quality stocks when tapering nears. High-quality stocks have a “B+” or better S&P quality rating.\nSubramanian said during the 2013 taper tantrum, high-quality names outperformed their low-quality counterparts by 1.3 percentage points from peak to trough in May and June.\nA hint at removing stimulus could also hurt stocks that are most sensitive to the economic recovery, including cyclicals like financials, energy and materials.\n“More hawkish = lower growth. Cyclicals should underperform,” Dennis DeBusschere, macro research analyst at Evercore ISI, said in a note. “The fact that hawkish concerns are being brought up at the same time people believe the reflation trade is in trouble and you have a poor Cyclical backdrop.”\nSo far in 2021, the energy sector has been the biggest winner among the 11 S&P 500 groupings, up 46%. Financials and real estate both gained more than 20% this year.\nIf the Fed makes both camps happy\nA third scenario could occur in which the Fed signals that it is concerned about inflation, but the central bank is not yet ready to taper.\nIf Fed chair Jerome Powell admits the discussion of tapering but nothing has been decided, then the market will likely see a modest rally, led by tech stocks, according to Tom Essaye, founder of the Sevens Report.\n“This is essentially the outcome that Powell and the Fed have been telegraphing for the past several weeks,” Essaye said. “This would be a continuation of the past two weeks’ Goldilocks market outlook. This outcome would help the S&P 500 extend last week’s breakout.”\nInvestors have been rotating back to tech as of late with bond yields coming down. The tech-heavyNasdaq Compositehas rallied about 2.5% this month, hitting a record close on Monday, its first all-time high since April 26. In comparison, the S&P 500 has risen just under 1% in June.\n“This is what the Fed has been doing for the last several months — warning that an inflation surge was coming but that it is transitory so no need to taper,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “Moreover, this is probably the most expected outcome from the Fed meeting.”\n“Yes, there may be comments by members that the time to start talking about tapering is here, but I think Powell will continue to suggest that inflation is up as expected but is not yet acting any differently than anticipated,” added Paulsen.\nThis year’s pullback in tech stocks has opened some opportunities in high-quality names that are now trading at a discount, according to top-rated technology analyst Toni Sacconaghi of Bernstein.\nThe Wall Street firm found several technology stocks that have inexpensive valuations and are high in quality. Bernstein screened for the cheapest tech names based on their forward price-to-earnings ratio. The firm also assigned each stock with a quality score.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160987083,"gmtCreate":1623769465342,"gmtModify":1703818907579,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160987083","repostId":"2143751575","repostType":2,"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160983968,"gmtCreate":1623769259454,"gmtModify":1703818897530,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160983968","repostId":"1193778475","repostType":4,"repost":{"id":"1193778475","pubTimestamp":1623749978,"share":"https://ttm.financial/m/news/1193778475?lang=&edition=fundamental","pubTime":"2021-06-15 17:39","market":"us","language":"en","title":"Netflix: The Selloff Looks Overdone","url":"https://stock-news.laohu8.com/highlight/detail?id=1193778475","media":"seekingalpha","summary":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive e","content":"<p><b>Summary</b></p>\n<ul>\n <li>Netflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.</li>\n <li>However, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.</li>\n <li>Netflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Netflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.</p>\n<p><img src=\"https://static.tigerbbs.com/59d9e43b35cbdb0cbc2330837c796371\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>Therefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.</p>\n<p>NFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.</p>\n<p><b>So What Happened to Netflix's Paid Adds?</b></p>\n<p><img src=\"https://static.tigerbbs.com/17d1ce1d66e99396f67725dcfdaf3db8\" tg-width=\"769\" tg-height=\"476\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/6ca327a13d9645fce263565653d4e390\" tg-width=\"827\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership YoY Growth. Data Source: Company Filings</p>\n<p>As we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).</p>\n<p><img src=\"https://static.tigerbbs.com/b6e96b19f4b3eef87be93ecce3953a19\" tg-width=\"878\" tg-height=\"543\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/04f4053e2022d4c90e8b8ec51c1fc295\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts YoY Growth. Data Source: Company Filings</p>\n<p>We could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.</p>\n<p>Now, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.</p>\n<p><b>Revenue Growth Looks Good</b></p>\n<p><img src=\"https://static.tigerbbs.com/d8c6ed8cb94d2134ca5d0d79660ece07\" tg-width=\"1184\" tg-height=\"732\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/3ee95424dd68c5abe3591347f9dd9fad\" tg-width=\"1010\" tg-height=\"624\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region YoY Growth. Data Source: Company Filings</p>\n<p>First up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/298a4247dfc847726b87f80e24cc874f\" tg-width=\"876\" tg-height=\"542\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/ce59d0df25c1a8b2fde74a772c918433\" tg-width=\"1023\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region YoY Growth. Data Source: Company Filings</p>\n<p>NFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.</p>\n<p><img src=\"https://static.tigerbbs.com/bee3698456324209ed6c9cf58bed58da\" tg-width=\"1280\" tg-height=\"995\" referrerpolicy=\"no-referrer\"></p>\n<p>Timeline of NFLX Price Hikes. Source:Variety</p>\n<p>If NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:</p>\n<blockquote>\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n</blockquote>\n<p>These well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.</p>\n<p><img src=\"https://static.tigerbbs.com/42059a78e3a3f7dc656556dc27761343\" tg-width=\"1280\" tg-height=\"958\" referrerpolicy=\"no-referrer\"></p>\n<p>Top Reasons for Video Streaming Subscription Cancellations. Source:Variety</p>\n<p>When we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.</p>\n<p>If we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.</p>\n<p>Investors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.</p>\n<p>Strong Content Pipeline</p>\n<p><img src=\"https://static.tigerbbs.com/02eea9bd487d52b352dd3894f2563edf\" tg-width=\"1043\" tg-height=\"646\" referrerpolicy=\"no-referrer\"></p>\n<p>Content Assets. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/4a49a1facb41f2c4e848cced7724c68d\" tg-width=\"910\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p>\n<p>Produced Content YoY Growth. Data Source: Company Filings</p>\n<p>NFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:</p>\n<blockquote>\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n</blockquote>\n<p>Therefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.</p>\n<p><img src=\"https://static.tigerbbs.com/b4aaf52a7c9c18a4fc5664c9000282d1\" tg-width=\"1280\" tg-height=\"781\" referrerpolicy=\"no-referrer\"></p>\n<p>Ranking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News</p>\n<p>In this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.</p>\n<p>Netflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:</p>\n<blockquote>\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/0a756085b63c0d9b1e40d39f3fd21609\" tg-width=\"764\" tg-height=\"473\" referrerpolicy=\"no-referrer\"></p>\n<p>Reasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors</p>\n<p>As we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.</p>\n<p><img src=\"https://static.tigerbbs.com/afa2be3ca5cfa415aee98a9c45f8e6c9\" tg-width=\"956\" tg-height=\"591\" referrerpolicy=\"no-referrer\"></p>\n<p>Share of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood</p>\n<p>In the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.</p>\n<p><img src=\"https://static.tigerbbs.com/a2c1e2c429e015e113242ffeac4d3f07\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Netflix Video Content Budget. Data Source: eMarketer</p>\n<p>Many critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.</p>\n<p><img src=\"https://static.tigerbbs.com/e592ee98fcd2477f5e9332e664c74afa\" tg-width=\"1153\" tg-height=\"712\" referrerpolicy=\"no-referrer\"></p>\n<p>Other Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.</p>\n<p><img src=\"https://static.tigerbbs.com/ee2072e791610e16b97ed6d432f1fcb9\" tg-width=\"1280\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p>\n<p>Projected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&amp;P Capital IQ</p>\n<p>In fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.</p>\n<p><img src=\"https://static.tigerbbs.com/67cbb70240f511c861aa1e4fd5b8c00d\" tg-width=\"893\" tg-height=\"552\" referrerpolicy=\"no-referrer\">SVOD market share in Japan. Data Source: GEM Partners</p>\n<p>Turning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.</p>\n<p><img src=\"https://static.tigerbbs.com/02d5751919369a578902516e76f5793a\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Most popular OTT in Korea. Data Source: IGAWorks</p>\n<p>In its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:</p>\n<blockquote>\n <b>Over the last two years, we've seen the world falling in love with incredible Korean content</b>, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/06889e84d7faf18b5d1a8da1b4542895\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Popular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea</p>\n<p>Netflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.</p>\n<p>The Elephant in the Room: Disney</p>\n<p><img src=\"https://static.tigerbbs.com/2eb61cee21092f710c0e1446f1d598d2\" tg-width=\"1207\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated number of SVOD subscribers worldwide. Data Source: Digital TV Research</p>\n<p>Disney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.</p>\n<p>DIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.</p>\n<p><img src=\"https://static.tigerbbs.com/30f463be13597df4819879aa4b894285\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>DIS+ ARPU. Data Source: Company Filings</p>\n<p>However, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.</p>\n<p><img src=\"https://static.tigerbbs.com/63f805876a22e4da556a27db39e6cdc8\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated penetration rate. Data Source: The Motley Fool, Stifel</p>\n<p>However, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.</p>\n<p><img src=\"https://static.tigerbbs.com/20878384ca9242ab35b248fb2b73ff6f\" tg-width=\"951\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p>\n<p>OTT Revenue Worldwide. Data Source: Digital TV Research</p>\n<p>Most importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.</p>\n<p><b>Valuations are Not Expensive</b></p>\n<p><img src=\"https://static.tigerbbs.com/5d390f14679f74fb62a364d0921d5923\" tg-width=\"1280\" tg-height=\"733\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue CAGR and Revenue Multiples. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.</p>\n<p><img src=\"https://static.tigerbbs.com/becc49bc5dfbfa222226bd7426fd4e9e\" tg-width=\"1280\" tg-height=\"707\" referrerpolicy=\"no-referrer\"></p>\n<p>CapEX Margin &amp; Projected CapEx Margin. Data Source: S&amp;P Capital IQ</p>\n<p><img src=\"https://static.tigerbbs.com/c44673eb90f5086b3eeae98397e1115f\" tg-width=\"1276\" tg-height=\"1122\" referrerpolicy=\"no-referrer\"></p>\n<p>5Y Av. EV / EBITDA &amp; EV / Fwd EBITDA. Data Source: S&amp;P Capital IQ</p>\n<p>Given that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.</p>\n<p><img src=\"https://static.tigerbbs.com/2e39e44f4f13ac6efc0b91aed6045771\" tg-width=\"1280\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p>\n<p>EV / Fwd (EBITDA - CapEx). Data Source: S&amp;P Capital IQ</p>\n<p>In fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.</p>\n<p>Price Action and Technical Analysis</p>\n<p><img src=\"https://static.tigerbbs.com/2da4bd6973d2fa92a51a7b159b05efce\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>The current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.</p>\n<p><b>Wrapping it all up</b></p>\n<p>Netflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix: The Selloff Looks Overdone</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\">\nNetflix: The Selloff Looks Overdone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s...</p>\n\n<a href=\"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193778475","content_text":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.\nNetflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.\n\nInvestment Thesis\nNetflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.\n\nSource: TradingView\nTherefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.\nNFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.\nSo What Happened to Netflix's Paid Adds?\n\nAverage Paying Membership by Region. Data Source: Company Filings\n\nAverage Paying Membership YoY Growth. Data Source: Company Filings\nAs we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).\n\nRoku Active Accounts. Data Source: Company Filings\n\nRoku Active Accounts YoY Growth. Data Source: Company Filings\nWe could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.\nNow, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.\nRevenue Growth Looks Good\n\nRevenue by Region. Data Source: Company Filings\n\nRevenue by Region YoY Growth. Data Source: Company Filings\nFirst up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.\n\nARPU by Region. Data Source: Company Filings\n\nARPU by Region YoY Growth. Data Source: Company Filings\nNFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.\n\nTimeline of NFLX Price Hikes. Source:Variety\nIf NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:\n\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n\nThese well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.\n\nTop Reasons for Video Streaming Subscription Cancellations. Source:Variety\nWhen we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.\nIf we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.\nInvestors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.\nStrong Content Pipeline\n\nContent Assets. Data Source: Company Filings\n\nProduced Content YoY Growth. Data Source: Company Filings\nNFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:\n\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n\nTherefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.\n\nRanking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News\nIn this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.\nNetflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:\n\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n\n\nReasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors\nAs we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.\n\nShare of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood\nIn the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.\n\nNetflix Video Content Budget. Data Source: eMarketer\nMany critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.\n\nOther Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&P Capital IQ\nNFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.\n\nProjected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&P Capital IQ\nIn fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.\nSVOD market share in Japan. Data Source: GEM Partners\nTurning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.\n\nMost popular OTT in Korea. Data Source: IGAWorks\nIn its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:\n\nOver the last two years, we've seen the world falling in love with incredible Korean content, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n\n\nPopular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea\nNetflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.\nThe Elephant in the Room: Disney\n\nEstimated number of SVOD subscribers worldwide. Data Source: Digital TV Research\nDisney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.\nDIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.\n\nDIS+ ARPU. Data Source: Company Filings\nHowever, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.\n\nEstimated penetration rate. Data Source: The Motley Fool, Stifel\nHowever, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.\n\nOTT Revenue Worldwide. Data Source: Digital TV Research\nMost importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.\nValuations are Not Expensive\n\nRevenue CAGR and Revenue Multiples. Data Source: S&P Capital IQ\nNFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.\n\nCapEX Margin & Projected CapEx Margin. Data Source: S&P Capital IQ\n\n5Y Av. EV / EBITDA & EV / Fwd EBITDA. Data Source: S&P Capital IQ\nGiven that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.\n\nEV / Fwd (EBITDA - CapEx). Data Source: S&P Capital IQ\nIn fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.\nPrice Action and Technical Analysis\n\nSource: TradingView\nThe current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.\nWrapping it all up\nNetflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160917961,"gmtCreate":1623769169353,"gmtModify":1703818893959,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160917961","repostId":"2143735244","repostType":4,"repost":{"id":"2143735244","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623750480,"share":"https://ttm.financial/m/news/2143735244?lang=&edition=fundamental","pubTime":"2021-06-15 17:48","market":"us","language":"en","title":"These energy and EV stocks can still benefit from Biden's infrastructure plan, Citi says","url":"https://stock-news.laohu8.com/highlight/detail?id=2143735244","media":"Dow Jones","summary":"Critical information for the trading day.\n\nU.S. stocks got off to a mixed start on Monday, after the","content":"<blockquote>\n Critical information for the trading day.\n</blockquote>\n<p>U.S. stocks got off to a mixed start on Monday, after the S&amp;P 500 notched its 28th record high of the year on Friday.</p>\n<p>Investors will be closely watching the Federal Reserve's latest monetary policy decision on Wednesday as well as what Chair Jerome Powell has to say .</p>\n<p>President Joe Biden's infrastructure plans are also in focus, after talks with Senate Republicans over a $1.7 trillion deal collapsed last week. Bipartisan efforts over a compromise are continuing, while a Democratic-only Reconciliation Bill is also seen as an option. Biden has set a summer deadline for Congress to pass his top legislative priority.</p>\n<p>In our call of the day, Citi strategists looked at the prospects for Biden's infrastructure plans and the stocks that are likely to benefit.</p>\n<p>The strategists, led by Edward Morse, said it now looked likely that passable legislation would be below the $1.7 trillion of infrastructure but higher than $1 trillion. The team looked at which areas would still make the cut in terms of spending.</p>\n<p>\"Enhanced policy support for carbon capture, utilization and storage (CCUS) likely survives and would have bipartisan support if a reconciliation process fails,\" they said.</p>\n<p>CCUS involves capturing carbon dioxide from large sources, such as power plants, and storing it to be recycled. It can play an \"important and diverse\" role in meeting global energy and climate goals, according to the International Energy Agency.</p>\n<p>\"The bill could jump-start an industry that could grow to be larger than today's domestic oil-and-gas industry,\" Citi strategists said. That would change the terminal value debate over companies such as Exxon Mobil <a href=\"https://laohu8.com/S/XOM\">$(XOM)$</a>, which has more than 30 years of experience in CCUS, and other established names in the space, including Baker Hughes <a href=\"https://laohu8.com/S/BKR\">$(BKR)$</a>, Schlumberger <a href=\"https://laohu8.com/S/SLB\">$(SLB)$</a>, Chart Industries <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a>, Valero Energy <a href=\"https://laohu8.com/S/VLO\">$(VLO)$</a> and Kinder Morgan <a href=\"https://laohu8.com/S/KMI\">$(KMI)$</a>, they added.</p>\n<p>Renewables adoption is also poised to accelerate, they said, with the demand for clean energy boosted by Biden's agenda on climate change. It could potentially lead to significant investments in existing renewable facilities and building new solar and wind farms.</p>\n<p>\"We think this bodes well for specialty contractors, such as MasTec <a href=\"https://laohu8.com/S/MTZ\">$(MTZ)$</a> and engineering and construction-focused Fluor <a href=\"https://laohu8.com/S/FLR\">$(FLR)$</a> given their expertise in clean energy infrastructure and management, as well as for General Electric <a href=\"https://laohu8.com/S/GE\">$(GE)$</a> given its wind turbine portfolio and related digital offerings,\" they said.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> other long-term themes to watch out for are electric-vehicle infrastructure and green hydrogen, which is produced when renewable energy powers the electrolysis of water -- breaking it into its component elements of hydrogen and oxygen.</p>\n<p>MasTec, Rockwell Automation <a href=\"https://laohu8.com/S/ROK\">$(ROK)$</a>, 3M <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>, Vontier <a href=\"https://laohu8.com/S/VNT\">$(VNT)$</a> and Dover Corp <a href=\"https://laohu8.com/S/DOV\">$(DOV)$</a> are all set to benefit from EV proliferation, while General Electric, Emerson Electric <a href=\"https://laohu8.com/S/EMR\">$(EMR)$</a> and KBR <a href=\"https://laohu8.com/S/KBR\">$(KBR)$</a> can capitalize on the emergence of green hydrogen, they added.</p>\n<p><b>The markets</b></p>\n<p>European stocks climbed to fresh record highs on Monday as inflation fears continued to ease. U.S. stocks were mixed in early trading . The yield on the 10-year Treasury remained anchored below 1.50%.</p>\n<p><b>The tweet</b></p>\n<p>Bitcoin jumped sharply on Sunday Chief Executive Elon Musk said the electric-vehicle company \"only\" sold around 10% of its holdings and would resume allowing transactions using the cryptocurrency when 50% of energy used to mine it comes from clean sources. Bitcoin was trading at $39,507.35 early on Friday and has climbed 11.7% in the past 24 hours, according to CoinDesk.</p>\n<p><b>The buzz</b></p>\n<p>Royal Dutch Shell is reviewing its holdings in the largest oil field in the U.S . -- the Permian Basin, mostly in Texas -- according to reports on Sunday. A sale could raise up to $10 billion, CNBC said.</p>\n<p>U.K. Prime Minister Boris Johnson is expected to confirm a four-week delay to the next planned relaxation of COVID-19 restrictions in England due to the spread of the delta coronavirus variant.</p>\n<p>Leaders of the G-7 (Group of Seven) countries rallied around Biden's call to challenge China over human rights and vowed to donate <a href=\"https://laohu8.com/S/AONE\">one</a> billion COVID-19 vaccine doses to poorer nations over the next year.</p>\n<p>Novavax <a href=\"https://laohu8.com/S/NVAX\">$(NVAX)$</a> reported that a Phase 3 study of its COVID-19 vaccine showed it was 90.4% effective overall . The 29,960-patient study also found that the vaccine provided 100% protection against moderate and severe disease. The biotech intends to file for regulatory authorizations in the third quarter.</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>These energy and EV stocks can still benefit from Biden's infrastructure plan, Citi says</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\">\nThese energy and EV stocks can still benefit from Biden's infrastructure plan, Citi says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-15 17:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Critical information for the trading day.\n</blockquote>\n<p>U.S. stocks got off to a mixed start on Monday, after the S&amp;P 500 notched its 28th record high of the year on Friday.</p>\n<p>Investors will be closely watching the Federal Reserve's latest monetary policy decision on Wednesday as well as what Chair Jerome Powell has to say .</p>\n<p>President Joe Biden's infrastructure plans are also in focus, after talks with Senate Republicans over a $1.7 trillion deal collapsed last week. Bipartisan efforts over a compromise are continuing, while a Democratic-only Reconciliation Bill is also seen as an option. Biden has set a summer deadline for Congress to pass his top legislative priority.</p>\n<p>In our call of the day, Citi strategists looked at the prospects for Biden's infrastructure plans and the stocks that are likely to benefit.</p>\n<p>The strategists, led by Edward Morse, said it now looked likely that passable legislation would be below the $1.7 trillion of infrastructure but higher than $1 trillion. The team looked at which areas would still make the cut in terms of spending.</p>\n<p>\"Enhanced policy support for carbon capture, utilization and storage (CCUS) likely survives and would have bipartisan support if a reconciliation process fails,\" they said.</p>\n<p>CCUS involves capturing carbon dioxide from large sources, such as power plants, and storing it to be recycled. It can play an \"important and diverse\" role in meeting global energy and climate goals, according to the International Energy Agency.</p>\n<p>\"The bill could jump-start an industry that could grow to be larger than today's domestic oil-and-gas industry,\" Citi strategists said. That would change the terminal value debate over companies such as Exxon Mobil <a href=\"https://laohu8.com/S/XOM\">$(XOM)$</a>, which has more than 30 years of experience in CCUS, and other established names in the space, including Baker Hughes <a href=\"https://laohu8.com/S/BKR\">$(BKR)$</a>, Schlumberger <a href=\"https://laohu8.com/S/SLB\">$(SLB)$</a>, Chart Industries <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a>, Valero Energy <a href=\"https://laohu8.com/S/VLO\">$(VLO)$</a> and Kinder Morgan <a href=\"https://laohu8.com/S/KMI\">$(KMI)$</a>, they added.</p>\n<p>Renewables adoption is also poised to accelerate, they said, with the demand for clean energy boosted by Biden's agenda on climate change. It could potentially lead to significant investments in existing renewable facilities and building new solar and wind farms.</p>\n<p>\"We think this bodes well for specialty contractors, such as MasTec <a href=\"https://laohu8.com/S/MTZ\">$(MTZ)$</a> and engineering and construction-focused Fluor <a href=\"https://laohu8.com/S/FLR\">$(FLR)$</a> given their expertise in clean energy infrastructure and management, as well as for General Electric <a href=\"https://laohu8.com/S/GE\">$(GE)$</a> given its wind turbine portfolio and related digital offerings,\" they said.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> other long-term themes to watch out for are electric-vehicle infrastructure and green hydrogen, which is produced when renewable energy powers the electrolysis of water -- breaking it into its component elements of hydrogen and oxygen.</p>\n<p>MasTec, Rockwell Automation <a href=\"https://laohu8.com/S/ROK\">$(ROK)$</a>, 3M <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>, Vontier <a href=\"https://laohu8.com/S/VNT\">$(VNT)$</a> and Dover Corp <a href=\"https://laohu8.com/S/DOV\">$(DOV)$</a> are all set to benefit from EV proliferation, while General Electric, Emerson Electric <a href=\"https://laohu8.com/S/EMR\">$(EMR)$</a> and KBR <a href=\"https://laohu8.com/S/KBR\">$(KBR)$</a> can capitalize on the emergence of green hydrogen, they added.</p>\n<p><b>The markets</b></p>\n<p>European stocks climbed to fresh record highs on Monday as inflation fears continued to ease. U.S. stocks were mixed in early trading . The yield on the 10-year Treasury remained anchored below 1.50%.</p>\n<p><b>The tweet</b></p>\n<p>Bitcoin jumped sharply on Sunday Chief Executive Elon Musk said the electric-vehicle company \"only\" sold around 10% of its holdings and would resume allowing transactions using the cryptocurrency when 50% of energy used to mine it comes from clean sources. Bitcoin was trading at $39,507.35 early on Friday and has climbed 11.7% in the past 24 hours, according to CoinDesk.</p>\n<p><b>The buzz</b></p>\n<p>Royal Dutch Shell is reviewing its holdings in the largest oil field in the U.S . -- the Permian Basin, mostly in Texas -- according to reports on Sunday. A sale could raise up to $10 billion, CNBC said.</p>\n<p>U.K. Prime Minister Boris Johnson is expected to confirm a four-week delay to the next planned relaxation of COVID-19 restrictions in England due to the spread of the delta coronavirus variant.</p>\n<p>Leaders of the G-7 (Group of Seven) countries rallied around Biden's call to challenge China over human rights and vowed to donate <a href=\"https://laohu8.com/S/AONE\">one</a> billion COVID-19 vaccine doses to poorer nations over the next year.</p>\n<p>Novavax <a href=\"https://laohu8.com/S/NVAX\">$(NVAX)$</a> reported that a Phase 3 study of its COVID-19 vaccine showed it was 90.4% effective overall . The 29,960-patient study also found that the vaccine provided 100% protection against moderate and severe disease. The biotech intends to file for regulatory authorizations in the third quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KMI":"金德尔摩根"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143735244","content_text":"Critical information for the trading day.\n\nU.S. stocks got off to a mixed start on Monday, after the S&P 500 notched its 28th record high of the year on Friday.\nInvestors will be closely watching the Federal Reserve's latest monetary policy decision on Wednesday as well as what Chair Jerome Powell has to say .\nPresident Joe Biden's infrastructure plans are also in focus, after talks with Senate Republicans over a $1.7 trillion deal collapsed last week. Bipartisan efforts over a compromise are continuing, while a Democratic-only Reconciliation Bill is also seen as an option. Biden has set a summer deadline for Congress to pass his top legislative priority.\nIn our call of the day, Citi strategists looked at the prospects for Biden's infrastructure plans and the stocks that are likely to benefit.\nThe strategists, led by Edward Morse, said it now looked likely that passable legislation would be below the $1.7 trillion of infrastructure but higher than $1 trillion. The team looked at which areas would still make the cut in terms of spending.\n\"Enhanced policy support for carbon capture, utilization and storage (CCUS) likely survives and would have bipartisan support if a reconciliation process fails,\" they said.\nCCUS involves capturing carbon dioxide from large sources, such as power plants, and storing it to be recycled. It can play an \"important and diverse\" role in meeting global energy and climate goals, according to the International Energy Agency.\n\"The bill could jump-start an industry that could grow to be larger than today's domestic oil-and-gas industry,\" Citi strategists said. That would change the terminal value debate over companies such as Exxon Mobil $(XOM)$, which has more than 30 years of experience in CCUS, and other established names in the space, including Baker Hughes $(BKR)$, Schlumberger $(SLB)$, Chart Industries $(GTLS)$, Valero Energy $(VLO)$ and Kinder Morgan $(KMI)$, they added.\nRenewables adoption is also poised to accelerate, they said, with the demand for clean energy boosted by Biden's agenda on climate change. It could potentially lead to significant investments in existing renewable facilities and building new solar and wind farms.\n\"We think this bodes well for specialty contractors, such as MasTec $(MTZ)$ and engineering and construction-focused Fluor $(FLR)$ given their expertise in clean energy infrastructure and management, as well as for General Electric $(GE)$ given its wind turbine portfolio and related digital offerings,\" they said.\nTwo other long-term themes to watch out for are electric-vehicle infrastructure and green hydrogen, which is produced when renewable energy powers the electrolysis of water -- breaking it into its component elements of hydrogen and oxygen.\nMasTec, Rockwell Automation $(ROK)$, 3M $(MMM)$, Vontier $(VNT)$ and Dover Corp $(DOV)$ are all set to benefit from EV proliferation, while General Electric, Emerson Electric $(EMR)$ and KBR $(KBR)$ can capitalize on the emergence of green hydrogen, they added.\nThe markets\nEuropean stocks climbed to fresh record highs on Monday as inflation fears continued to ease. U.S. stocks were mixed in early trading . The yield on the 10-year Treasury remained anchored below 1.50%.\nThe tweet\nBitcoin jumped sharply on Sunday Chief Executive Elon Musk said the electric-vehicle company \"only\" sold around 10% of its holdings and would resume allowing transactions using the cryptocurrency when 50% of energy used to mine it comes from clean sources. Bitcoin was trading at $39,507.35 early on Friday and has climbed 11.7% in the past 24 hours, according to CoinDesk.\nThe buzz\nRoyal Dutch Shell is reviewing its holdings in the largest oil field in the U.S . -- the Permian Basin, mostly in Texas -- according to reports on Sunday. A sale could raise up to $10 billion, CNBC said.\nU.K. Prime Minister Boris Johnson is expected to confirm a four-week delay to the next planned relaxation of COVID-19 restrictions in England due to the spread of the delta coronavirus variant.\nLeaders of the G-7 (Group of Seven) countries rallied around Biden's call to challenge China over human rights and vowed to donate one billion COVID-19 vaccine doses to poorer nations over the next year.\nNovavax $(NVAX)$ reported that a Phase 3 study of its COVID-19 vaccine showed it was 90.4% effective overall . The 29,960-patient study also found that the vaccine provided 100% protection against moderate and severe disease. The biotech intends to file for regulatory authorizations in the third quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":164109988,"gmtCreate":1624176173044,"gmtModify":1703830202112,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Sad]&nbsp;","listText":"[Sad]&nbsp;","text":"[Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164109988","repostId":"1133385197","repostType":4,"repost":{"id":"1133385197","pubTimestamp":1624151969,"share":"https://ttm.financial/m/news/1133385197?lang=&edition=fundamental","pubTime":"2021-06-20 09:19","market":"us","language":"en","title":"Answering the great inflation question of our time","url":"https://stock-news.laohu8.com/highlight/detail?id=1133385197","media":"finance.yahoo","summary":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up","content":"<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.</p>\n<p>Unfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”</p>\n<p>The current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?</p>\n<p>Before I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.</p>\n<p>As an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.</p>\n<p>Until now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)</p>\n<p><img src=\"https://static.tigerbbs.com/87f75dfcb98fb5a0e7c3f9d3f8d336e2\" tg-width=\"705\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>\n<p>Used car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.</p>\n<p>To be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)</p>\n<p>But that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&amp;P 500 down 1.91% this week, its worst week since February.</p>\n<p>Given this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.</p>\n<p>Now I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.</p>\n<p>As for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.</p>\n<p>Which brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.</p>\n<p>“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”</p>\n<p>“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.</p>\n<p>COVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.</p>\n<p>A prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.</p>\n<p>Another secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.</p>\n<p><b>Anti-inflation forces</b></p>\n<p>But here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?</p>\n<p>I say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”</p>\n<p>To buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.</p>\n<p>To me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.</p>\n<p>Not only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.</p>\n<p>So technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.</p>\n<p>There is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.</p>\n<p>After World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)</p>\n<p>Like its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.</p>\n<p>The internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.</p>\n<p>So technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.</p>\n<p>COVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.</p>\n<p>How significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.</p>\n<p>More downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”</p>\n<p>And so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”</p>\n<p>I don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)</p>","source":"lsy1612507957220","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>Answering the great inflation question of our time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnswering the great inflation question of our time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these...</p>\n\n<a href=\"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133385197","content_text":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”\nThe current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?\nBefore I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.\nAs an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.\nUntil now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)\n\nUsed car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.\nTo be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)\nBut that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&P 500 down 1.91% this week, its worst week since February.\nGiven this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.\nNow I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.\nAs for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.\nWhich brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.\n“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”\n“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.\nCOVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.\nA prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.\nAnother secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.\nAnti-inflation forces\nBut here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?\nI say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”\nTo buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.\nTo me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.\nNot only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.\nSo technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.\nThere is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.\nAfter World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)\nLike its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.\nThe internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.\nSo technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.\nCOVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.\nHow significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.\nMore downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”\nAnd so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”\nI don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160950318,"gmtCreate":1623770179734,"gmtModify":1703818937338,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160950318","repostId":"1138970454","repostType":2,"repost":{"id":"1138970454","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623385949,"share":"https://ttm.financial/m/news/1138970454?lang=&edition=fundamental","pubTime":"2021-06-11 12:32","market":"us","language":"en","title":"Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1138970454","media":"Tiger Newspress","summary":"June 11/ Tiger Broker has been honoured with the following awared at The Asset Triple A Sustainable ","content":"<p>June&nbsp;11/&nbsp;Tiger Broker has been honoured with&nbsp;the&nbsp;following&nbsp;awared&nbsp;at&nbsp;The Asset Triple A Sustainable Investing Awards 2021&nbsp;for&nbsp;Institutional&nbsp;Investor,&nbsp;ETF&nbsp;and&nbsp;Asset&nbsp;Servicing&nbsp;Providers:</p><p><img src=\"https://static.tigerbbs.com/d2a1d625f288fc86245344e0a6275f6f\" tg-width=\"1096\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></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>Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-11 12:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June&nbsp;11/&nbsp;Tiger Broker has been honoured with&nbsp;the&nbsp;following&nbsp;awared&nbsp;at&nbsp;The Asset Triple A Sustainable Investing Awards 2021&nbsp;for&nbsp;Institutional&nbsp;Investor,&nbsp;ETF&nbsp;and&nbsp;Asset&nbsp;Servicing&nbsp;Providers:</p><p><img src=\"https://static.tigerbbs.com/d2a1d625f288fc86245344e0a6275f6f\" tg-width=\"1096\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138970454","content_text":"June 11/ Tiger Broker has been honoured with the following awared at The Asset Triple A Sustainable Investing Awards 2021 for Institutional Investor, ETF and Asset Servicing Providers:","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164109686,"gmtCreate":1624176215245,"gmtModify":1703830202758,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164109686","repostId":"2144745297","repostType":4,"repost":{"id":"2144745297","pubTimestamp":1624027800,"share":"https://ttm.financial/m/news/2144745297?lang=&edition=fundamental","pubTime":"2021-06-18 22:50","market":"us","language":"en","title":"General Atlantic-backed Hotmart hires banks for Nasdaq IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2144745297","media":"StreetInsider","summary":"SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to r","content":"<p>SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the latest in a series of Brazilian tech startups looking to go public.</p>\n<p>Goldman Sachs, JPMorgan Chase and <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> will be lead underwriters on the deal, two of these sources added. It would take place on Nasdaq, all three sources said, declining to say how the proceeds would be used.</p>\n<p>Considered a \"unicorn,\" given its private valuation of over $1 billion, Hotmart is a cloud-based platform which allows entrepreneurs to create, market and manage online businesses.</p>\n<p>The fast-growing company, which has been expanding outside Brazil and bulking up through acquisitions, plans to raise between $400 million and $600 million in the offering.</p>\n<p>Founded by Joao Pedro Resende and Mateus Bicalho, onetime computer science classmates at the same university in the state of Minas Gerais, Hotmart's investors include General Atlantic, Singapore's GIC and Koolen &amp; Partners. In April, TVC Investments and Alkeon Capital also joined the company, financing a $130 million funding round.</p>\n<p>The planned IPO is the latest sign of how some Brazilian tech companies are looking to broaden their horizons after a raft of funding rounds in the last years.</p>\n<p>Earlier this week, payments company Ebanx announced a $430 million funding round with Advent International and plans for an IPO by the beginning of 2022. Vtex, a software provider for e-commerce backed by SoftBank Group Corp &lt;9984.T , has also hired banks for a listing on Nasdaq.</p>","source":"highlight_streetinsider","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>General Atlantic-backed Hotmart hires banks for Nasdaq IPO </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeneral Atlantic-backed Hotmart hires banks for Nasdaq IPO \n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18577938><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18577938\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BGC":"BGC GROUP","QID":"纳指两倍做空ETF","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","NDAQ":"纳斯达克OMX交易所","PSQ":"纳指反向ETF"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18577938","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144745297","content_text":"SAO PAULO (Reuters) - Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the latest in a series of Brazilian tech startups looking to go public.\nGoldman Sachs, JPMorgan Chase and Morgan Stanley will be lead underwriters on the deal, two of these sources added. It would take place on Nasdaq, all three sources said, declining to say how the proceeds would be used.\nConsidered a \"unicorn,\" given its private valuation of over $1 billion, Hotmart is a cloud-based platform which allows entrepreneurs to create, market and manage online businesses.\nThe fast-growing company, which has been expanding outside Brazil and bulking up through acquisitions, plans to raise between $400 million and $600 million in the offering.\nFounded by Joao Pedro Resende and Mateus Bicalho, onetime computer science classmates at the same university in the state of Minas Gerais, Hotmart's investors include General Atlantic, Singapore's GIC and Koolen & Partners. In April, TVC Investments and Alkeon Capital also joined the company, financing a $130 million funding round.\nThe planned IPO is the latest sign of how some Brazilian tech companies are looking to broaden their horizons after a raft of funding rounds in the last years.\nEarlier this week, payments company Ebanx announced a $430 million funding round with Advent International and plans for an IPO by the beginning of 2022. Vtex, a software provider for e-commerce backed by SoftBank Group Corp <9984.T , has also hired banks for a listing on Nasdaq.","news_type":1},"isVote":1,"tweetType":1,"viewCount":689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161208834,"gmtCreate":1623926695328,"gmtModify":1703823669789,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161208834","repostId":"1175132084","repostType":4,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160922302,"gmtCreate":1623770049206,"gmtModify":1703818932488,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160922302","repostId":"1135158450","repostType":4,"repost":{"id":"1135158450","pubTimestamp":1623750495,"share":"https://ttm.financial/m/news/1135158450?lang=&edition=fundamental","pubTime":"2021-06-15 17:48","market":"us","language":"en","title":"Goldman Expands Crypto-Trading Desk By Offering Ether Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1135158450","media":"zerohedge","summary":"A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman S","content":"<p>A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman Sachs released what we described as the closest thing to 'initiating coverage' on cryptocurrencies, with the big takeaway being that the bank saw Ethereum overtaking bitcoin as the world's most popular cryptocurrency in the not-too-distant future.</p>\n<p>After its release, we suspected that the report was a harbinger of Goldman potentially announcing an expansion of its crypto business as it scrambles to stay a step ahead of megabank rivals like JPMorgan, Citigroup and others. As it turns out, we were correct.</p>\n<p>Because on Monday, Mathew McDermott, head of digital assets at Goldman, told Bloomberg News that the bank is planning to sell options and futures for ether and bitcoinvia its newly restarted crypto trading desk.</p>\n<p>Even JP Morgan, whose CEO once famously bashed bitcoin,is expanding its own crypto business,claiming its clients demand it. The global banking regulators at the Basel Committee also gave a begrudging green light for international banks to deal in cryptocurrencies (though they need to hold plenty of capital in reserve for any crypto on their balance sheet).</p>\n<p>According to McDermott, even after the drop in crypto prices, hedge funds are still eager to trade crypto. And Goldman is looking to invest in more crypto-focused companies.</p>\n<blockquote>\n \"We’ve actually seen a lot of interest from clients who are eager to trade as they find these levels as a slightly more palatable entry point,” McDermott said in a phone interview on Thursday. “We see it as a cleansing exercise to reduce some of the leverage and the excess in the system, especially from a retail perspective.” Goldman tapped McDermott, 47, to head its digital currency efforts last year. Under his watch, the business has grown to 17 people from four. The bank has also invested in crypto start-ups. It put $5 million into a fundraising round by Blockdaemon, a firm that creates and hosts the computer nodes that make up blockchain networks. In May, Goldman led the $15 million investment into Coin Metrics, a cryptocurrency and blockchain data provider to institutional clients, and McDermott joined the company’s board. “We are looking at a number of different companies that fit into our strategic direction,” he said. Other banks have also expanded their crypto operations. Cowen Inc. plans to offer “institutional-grade” custody services for cryptocurrencies. Standard Chartered Plc is setting up a joint venture to buy and sell virtual currencies, though HSBC Holdings Plc is avoiding Bitcoin for now.\n</blockquote>\n<p>Circling back to the report we mentioned above, Goldman and its team of analysts have clearly explored the pros and cons before deciding to expand its business.</p>\n<p>The term “cryptocurrencies”—which most people take to mean that crypto assets act as a digital medium of exchange, like fiat currency—is fundamentally misleading when it comes to assessing the value of these assets. Indeed,<b>the blockchain that underlies bitcoin was not designed to replace a fiat currency—it is a trusted peer-to-peer payments network.</b>As a cryptographic algorithm generates the proof that the payment was correctly executed, no third party is needed to verify the transaction.<b>The blockchain and its native coin were therefore designed to replace the banking system and others like insurance that require a trusted intermediary today, not the Dollar.</b>In that sense, the blockchain is differentiated from other “digital” transactional mechanisms such as PayPal, which is dependent upon the banking system to prevent fraud like double-spending.</p>\n<p>In order to be trustworthy, the system needed to create an asset that had no liabilities or contingent claims, which can only be a real asset just like a commodity. And to achieve that, blockchain technologies used scarcity in natural resources—oil, gas, coal, uranium and hydro—through ever-increasing computational-power consumption to “mine” a bit version of a natural resource.</p>\n<p>From this perspective, the intrinsic value of the network is the trustworthy information that the blockchain produces through its mining process, and the coins native to the network are required to unlock this trusted information, and make it tradeable and fungible. It’s therefore impossible to say that the network has value and a role in society without saying that the coin does too. And the value of the coin is dependent upon the value and growth of the network.</p>\n<p>That said, because the network is decentralized and anonymous,<b>legal challenges facing future growth for crypto assets loom large.</b>Coins trying to displace the Dollar run headlong into anti-money laundering laws (AML), as exemplified by the recent ransoms demanded in bitcoin from the Colonial Pipeline operator and the Irish Health service. Regulators can impede the use of crypto assets as a substitute for the Dollar or other currencies simply by making them non-convertible. An asset only has value if it can either be used or sold. And Chinese and Indian authorities have already challenged crypto uses in payments.</p>\n<p>As a result,<b>the market share of coins used for other purposes beyond currencies like “smart contracts” and “information tokens” will likely continue to rise.</b>However, even these non-currency uses will need to be recognized by courts of law to be accepted in commercial transactions—a question we leave to the lawyers.</p>\n<p><b>The network creates the value, unlike other commodities</b></p>\n<p>Unlike other commodities, coins derive their entire value from the network. A bitcoin has no value outside of its network as it is native to the Bitcoin blockchain. The value of oil is also largely derived from the transportation network that it fuels, but at least oil can be burned to create heat outside of this network.<b>At the other extreme, gold doesn’t require a network at all.</b></p>\n<p><img src=\"https://static.tigerbbs.com/aba6f2b8dd670875cb7a0942c5fd95f0\" tg-width=\"500\" tg-height=\"399\">Derived demand leaves the holder of the commodity exposed to the risk of the network becoming obsolete—a lesson that holders of oil reserves are now learning with decarbonization accelerating the decline of the transportation network, and, in turn damaging oil demand. Likewise,<b>bitcoin owners face accelerated network decay risk from a competing network, backed by a new cryptocurrency.</b></p>\n<p>As the demand for gold is not dependent on a network,<b>it will ultimately outlive oil and bitcoin—gold entropy lies at the unit, not the network, level.</b>Indeed, most stores of value that are used as defensive assets—like gold, diamonds and collectibles—don’t have derived demand and therefore only face unit-level entropy risk. This is what makes them defensive. The world can fall apart around them and they preserve their value. And while they don’t have derived demand, they do have other uses that establish their value, i.e. gold is used for jewelry and as a store of value.</p>\n<p><b>Transactions drive value, creating a risk-on asset</b></p>\n<p>Crypto doesn’t trade like gold and nor should it. Using any standard valuation method, transactions or expected transactions on the network are the key determinant of network value. The more transactions the blockchain can verify, the greater the network value. Transaction volumes and the demand for commodified information are roughly correlated with the business cycle; thus,<b>crypto assets should trade as pro-cyclical risk-on assets as they have for the past decade. Gold and bitcoin are therefore not competing assets as is commonly misunderstood, and can instead co-exist.</b>Because the value of the network and hence the coin is derived from the volume of transactions, hoarding coins as stores of value reduces the coins available for transactions, which reduces the value of the network.<b>Because gold doesn’t have this property, it is the only commodity that institutional investors hold in physical inventory.</b>Nearly all other commodities are held in paper inventory in the form of futures to avoid disrupting the network.<b>This suggests that, like oil, crypto investments will need to be held in the form of futures contracts, not physically, if they are to serve as stores of value.</b></p>\n<p>Crypto assets aren’t digital oil, either, as they are not non-durable consumables and can therefore be used again. This durability makes them a store of value, provided this demand doesn’t disrupt network flows. The crypto assets that have the greatest utility are also likely to be the dominant stores of value—the high utility reduces the carry costs.</p>\n<p><img src=\"https://static.tigerbbs.com/e2873efa55fd8073c76445c1cdc110f9\" tg-width=\"500\" tg-height=\"390\"></p>\n<p><b>So what is crypto? A powerful networking effect</b></p>\n<p>The network provides crypto an extremely powerful networking externality that no other commodity possesses. The operators—miners, exchanges and developers—are all paid in the native coin, making them fully vested in its success. Similarly, users—merchants, investors and speculators—are also fully vested. This gives bitcoin holders an incentive to accommodate purchases of their own products in bitcoin, which in turn, creates more demand for the coins they already own. Similarly, ether holders have an incentive to build apps and other products on the Ethereum network to increase the value of their coins.</p>\n<p><b>Because the coin holders have a stake in the network, speculation spurs adoption; even during bust periods, coin holders are motivated to work to create the next new boom.</b>After the dot-com bust, the shareholders had no commodity to promote. In crypto assets, even when prices collapse, the coin holders have a commodity to promote. They will always live for another boom, like an oil wildcatter.</p>\n<p><b>It’s all about information</b></p>\n<p>As the value of the coin is dependent on the value of the trustworthy information, blockchain technology has gravitated toward those industries where trust is most essential—finance, law and medicine. For the Bitcoin blockchain, this information is the record of every balance sheet in the network, and the transactions between them—originally the role of banks. In the case of a smart contract—a piece of code that executes according to a pre-set rule—on Ethereum, both the terms of that contract (the code) and the state of the contract (executed or not) are the information validated on the Ethereum blockchain. As a result, the counterparty in the contract cannot claim a transfer of funds without the network forming a consensus that the contract was indeed executed.<u><b>In our view the most valuable crypto assets will be those that help verify the most critical information in the economy.</b></u></p>\n<p>Over time, the decentralized nature of the network will diminish concerns about storing personal data on the blockchain. One’s digital profile could contain personal data including asset ownership, medical history and even IP rights. Since this information is immutable—it cannot be changed without consensus—the trusted information can then be tokenized and traded.<b><u>A blockchain platform like Ethereum could potentially become a large market for vendors of trusted information, like Amazon is for consumer goods today</u></b><b>.</b></p>\n<p><b>Crypto beyond this boom and bust cycle</b></p>\n<p>By many measures—Metcalfe’s Lawor Network Value to Transactions (NVT) ratio —crypto assets are in bubble territory. But does the demand for “commodified information” create enough economic value at a low enough cost to be scaled up in the long run? If the legal system accommodates these assets, we believe so.<b>While many overvalued networks exist, a few will likely emerge as long-term winners in the next stage of the digital economy, just as the tech titans of today emerged from the dot-com boom and bust.</b>This transformation is happening now—there are already an estimated 21.2 million owners of cryptocurrencies in the US alone. However, technological, environmental and legal challenges still loom large.</p>\n<p>Ethereum 2.0is expected to ramp upcapacity to 3,000 transactions per second (tps), while sharding—<b>which will scale Ethereum 2.0’s Proof of Stake (PoS) system through parallel verification of transactions—has the potential to raise capacity to as much as 100,000 tps.</b>For context, Visa has the capacity to process up to 65,000 tps but typically executes around 2,000 tps.<b>PoS intends to have validators stake the now scarce and valuable coins to incentivize good behavior instead of having miners expend energy to mine new blocks into existence, as under Proof of Work, making crypto assets more ESG friendly.</b>PoS also can significantly boost computational time in terms of transactions per second, which will further incentivize technological adoption. Ironically,<b>this is likely where the value of and demand for bitcoin will come from—being used as the scarce resource to make the PoS system work instead of natural resources.</b></p>\n<p>While overcoming the economic challenges will likely be manageable, the legal challenges are the largest for many crypto assets. And this past week was challenging for crypto assets with confirmation that the 75 bitcoin ransom over the Colonial Pipeline was actually paid. This is a reminder that cryptocurrencies still facilitate criminal activities that have large social costs.</p>\n<p><b>For Ethereum, new companies which aim to disrupt finance, law or medicine by integrating information stored on the platform into their algorithms are likely to run into problems with being legally recognized.</b>If crypto assets are to survive and grow to their fullest potential, they need to define some concept of “sufficiently decentralized” that will satisfy regulators; otherwise, the technologies will soon run out of uses.</p>\n<p>In summary: the talk in the crypto community lately has focused on whether ether is finally supplanting bitcoin since the former has more utility, and therefore a greater potential for a network effect.</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>Goldman Expands Crypto-Trading Desk By Offering Ether Options</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\">\nGoldman Expands Crypto-Trading Desk By Offering Ether Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 17:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/crypto/goldman-expands-crypto-trading-desk-offering-ether-options?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman Sachs released what we described as the closest thing to 'initiating coverage' on cryptocurrencies, ...</p>\n\n<a href=\"https://www.zerohedge.com/crypto/goldman-expands-crypto-trading-desk-offering-ether-options?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","GS":"高盛","GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.zerohedge.com/crypto/goldman-expands-crypto-trading-desk-offering-ether-options?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135158450","content_text":"A few weeks ago, while the prices of the biggest cryptocurrencies were careening lowering, Goldman Sachs released what we described as the closest thing to 'initiating coverage' on cryptocurrencies, with the big takeaway being that the bank saw Ethereum overtaking bitcoin as the world's most popular cryptocurrency in the not-too-distant future.\nAfter its release, we suspected that the report was a harbinger of Goldman potentially announcing an expansion of its crypto business as it scrambles to stay a step ahead of megabank rivals like JPMorgan, Citigroup and others. As it turns out, we were correct.\nBecause on Monday, Mathew McDermott, head of digital assets at Goldman, told Bloomberg News that the bank is planning to sell options and futures for ether and bitcoinvia its newly restarted crypto trading desk.\nEven JP Morgan, whose CEO once famously bashed bitcoin,is expanding its own crypto business,claiming its clients demand it. The global banking regulators at the Basel Committee also gave a begrudging green light for international banks to deal in cryptocurrencies (though they need to hold plenty of capital in reserve for any crypto on their balance sheet).\nAccording to McDermott, even after the drop in crypto prices, hedge funds are still eager to trade crypto. And Goldman is looking to invest in more crypto-focused companies.\n\n \"We’ve actually seen a lot of interest from clients who are eager to trade as they find these levels as a slightly more palatable entry point,” McDermott said in a phone interview on Thursday. “We see it as a cleansing exercise to reduce some of the leverage and the excess in the system, especially from a retail perspective.” Goldman tapped McDermott, 47, to head its digital currency efforts last year. Under his watch, the business has grown to 17 people from four. The bank has also invested in crypto start-ups. It put $5 million into a fundraising round by Blockdaemon, a firm that creates and hosts the computer nodes that make up blockchain networks. In May, Goldman led the $15 million investment into Coin Metrics, a cryptocurrency and blockchain data provider to institutional clients, and McDermott joined the company’s board. “We are looking at a number of different companies that fit into our strategic direction,” he said. Other banks have also expanded their crypto operations. Cowen Inc. plans to offer “institutional-grade” custody services for cryptocurrencies. Standard Chartered Plc is setting up a joint venture to buy and sell virtual currencies, though HSBC Holdings Plc is avoiding Bitcoin for now.\n\nCircling back to the report we mentioned above, Goldman and its team of analysts have clearly explored the pros and cons before deciding to expand its business.\nThe term “cryptocurrencies”—which most people take to mean that crypto assets act as a digital medium of exchange, like fiat currency—is fundamentally misleading when it comes to assessing the value of these assets. Indeed,the blockchain that underlies bitcoin was not designed to replace a fiat currency—it is a trusted peer-to-peer payments network.As a cryptographic algorithm generates the proof that the payment was correctly executed, no third party is needed to verify the transaction.The blockchain and its native coin were therefore designed to replace the banking system and others like insurance that require a trusted intermediary today, not the Dollar.In that sense, the blockchain is differentiated from other “digital” transactional mechanisms such as PayPal, which is dependent upon the banking system to prevent fraud like double-spending.\nIn order to be trustworthy, the system needed to create an asset that had no liabilities or contingent claims, which can only be a real asset just like a commodity. And to achieve that, blockchain technologies used scarcity in natural resources—oil, gas, coal, uranium and hydro—through ever-increasing computational-power consumption to “mine” a bit version of a natural resource.\nFrom this perspective, the intrinsic value of the network is the trustworthy information that the blockchain produces through its mining process, and the coins native to the network are required to unlock this trusted information, and make it tradeable and fungible. It’s therefore impossible to say that the network has value and a role in society without saying that the coin does too. And the value of the coin is dependent upon the value and growth of the network.\nThat said, because the network is decentralized and anonymous,legal challenges facing future growth for crypto assets loom large.Coins trying to displace the Dollar run headlong into anti-money laundering laws (AML), as exemplified by the recent ransoms demanded in bitcoin from the Colonial Pipeline operator and the Irish Health service. Regulators can impede the use of crypto assets as a substitute for the Dollar or other currencies simply by making them non-convertible. An asset only has value if it can either be used or sold. And Chinese and Indian authorities have already challenged crypto uses in payments.\nAs a result,the market share of coins used for other purposes beyond currencies like “smart contracts” and “information tokens” will likely continue to rise.However, even these non-currency uses will need to be recognized by courts of law to be accepted in commercial transactions—a question we leave to the lawyers.\nThe network creates the value, unlike other commodities\nUnlike other commodities, coins derive their entire value from the network. A bitcoin has no value outside of its network as it is native to the Bitcoin blockchain. The value of oil is also largely derived from the transportation network that it fuels, but at least oil can be burned to create heat outside of this network.At the other extreme, gold doesn’t require a network at all.\nDerived demand leaves the holder of the commodity exposed to the risk of the network becoming obsolete—a lesson that holders of oil reserves are now learning with decarbonization accelerating the decline of the transportation network, and, in turn damaging oil demand. Likewise,bitcoin owners face accelerated network decay risk from a competing network, backed by a new cryptocurrency.\nAs the demand for gold is not dependent on a network,it will ultimately outlive oil and bitcoin—gold entropy lies at the unit, not the network, level.Indeed, most stores of value that are used as defensive assets—like gold, diamonds and collectibles—don’t have derived demand and therefore only face unit-level entropy risk. This is what makes them defensive. The world can fall apart around them and they preserve their value. And while they don’t have derived demand, they do have other uses that establish their value, i.e. gold is used for jewelry and as a store of value.\nTransactions drive value, creating a risk-on asset\nCrypto doesn’t trade like gold and nor should it. Using any standard valuation method, transactions or expected transactions on the network are the key determinant of network value. The more transactions the blockchain can verify, the greater the network value. Transaction volumes and the demand for commodified information are roughly correlated with the business cycle; thus,crypto assets should trade as pro-cyclical risk-on assets as they have for the past decade. Gold and bitcoin are therefore not competing assets as is commonly misunderstood, and can instead co-exist.Because the value of the network and hence the coin is derived from the volume of transactions, hoarding coins as stores of value reduces the coins available for transactions, which reduces the value of the network.Because gold doesn’t have this property, it is the only commodity that institutional investors hold in physical inventory.Nearly all other commodities are held in paper inventory in the form of futures to avoid disrupting the network.This suggests that, like oil, crypto investments will need to be held in the form of futures contracts, not physically, if they are to serve as stores of value.\nCrypto assets aren’t digital oil, either, as they are not non-durable consumables and can therefore be used again. This durability makes them a store of value, provided this demand doesn’t disrupt network flows. The crypto assets that have the greatest utility are also likely to be the dominant stores of value—the high utility reduces the carry costs.\n\nSo what is crypto? A powerful networking effect\nThe network provides crypto an extremely powerful networking externality that no other commodity possesses. The operators—miners, exchanges and developers—are all paid in the native coin, making them fully vested in its success. Similarly, users—merchants, investors and speculators—are also fully vested. This gives bitcoin holders an incentive to accommodate purchases of their own products in bitcoin, which in turn, creates more demand for the coins they already own. Similarly, ether holders have an incentive to build apps and other products on the Ethereum network to increase the value of their coins.\nBecause the coin holders have a stake in the network, speculation spurs adoption; even during bust periods, coin holders are motivated to work to create the next new boom.After the dot-com bust, the shareholders had no commodity to promote. In crypto assets, even when prices collapse, the coin holders have a commodity to promote. They will always live for another boom, like an oil wildcatter.\nIt’s all about information\nAs the value of the coin is dependent on the value of the trustworthy information, blockchain technology has gravitated toward those industries where trust is most essential—finance, law and medicine. For the Bitcoin blockchain, this information is the record of every balance sheet in the network, and the transactions between them—originally the role of banks. In the case of a smart contract—a piece of code that executes according to a pre-set rule—on Ethereum, both the terms of that contract (the code) and the state of the contract (executed or not) are the information validated on the Ethereum blockchain. As a result, the counterparty in the contract cannot claim a transfer of funds without the network forming a consensus that the contract was indeed executed.In our view the most valuable crypto assets will be those that help verify the most critical information in the economy.\nOver time, the decentralized nature of the network will diminish concerns about storing personal data on the blockchain. One’s digital profile could contain personal data including asset ownership, medical history and even IP rights. Since this information is immutable—it cannot be changed without consensus—the trusted information can then be tokenized and traded.A blockchain platform like Ethereum could potentially become a large market for vendors of trusted information, like Amazon is for consumer goods today.\nCrypto beyond this boom and bust cycle\nBy many measures—Metcalfe’s Lawor Network Value to Transactions (NVT) ratio —crypto assets are in bubble territory. But does the demand for “commodified information” create enough economic value at a low enough cost to be scaled up in the long run? If the legal system accommodates these assets, we believe so.While many overvalued networks exist, a few will likely emerge as long-term winners in the next stage of the digital economy, just as the tech titans of today emerged from the dot-com boom and bust.This transformation is happening now—there are already an estimated 21.2 million owners of cryptocurrencies in the US alone. However, technological, environmental and legal challenges still loom large.\nEthereum 2.0is expected to ramp upcapacity to 3,000 transactions per second (tps), while sharding—which will scale Ethereum 2.0’s Proof of Stake (PoS) system through parallel verification of transactions—has the potential to raise capacity to as much as 100,000 tps.For context, Visa has the capacity to process up to 65,000 tps but typically executes around 2,000 tps.PoS intends to have validators stake the now scarce and valuable coins to incentivize good behavior instead of having miners expend energy to mine new blocks into existence, as under Proof of Work, making crypto assets more ESG friendly.PoS also can significantly boost computational time in terms of transactions per second, which will further incentivize technological adoption. Ironically,this is likely where the value of and demand for bitcoin will come from—being used as the scarce resource to make the PoS system work instead of natural resources.\nWhile overcoming the economic challenges will likely be manageable, the legal challenges are the largest for many crypto assets. And this past week was challenging for crypto assets with confirmation that the 75 bitcoin ransom over the Colonial Pipeline was actually paid. This is a reminder that cryptocurrencies still facilitate criminal activities that have large social costs.\nFor Ethereum, new companies which aim to disrupt finance, law or medicine by integrating information stored on the platform into their algorithms are likely to run into problems with being legally recognized.If crypto assets are to survive and grow to their fullest potential, they need to define some concept of “sufficiently decentralized” that will satisfy regulators; otherwise, the technologies will soon run out of uses.\nIn summary: the talk in the crypto community lately has focused on whether ether is finally supplanting bitcoin since the former has more utility, and therefore a greater potential for a network effect.","news_type":1},"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164103094,"gmtCreate":1624176240318,"gmtModify":1703830203567,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164103094","repostId":"2144771068","repostType":4,"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165564491,"gmtCreate":1624152143613,"gmtModify":1703829453254,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165564491","repostId":"1126454279","repostType":4,"repost":{"id":"1126454279","pubTimestamp":1624151746,"share":"https://ttm.financial/m/news/1126454279?lang=&edition=fundamental","pubTime":"2021-06-20 09:15","market":"us","language":"en","title":"A Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens","url":"https://stock-news.laohu8.com/highlight/detail?id=1126454279","media":"fool","summary":"It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\n","content":"<p>It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.</p>\n<p>Since the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- the widely followed<b>S&amp;P 500</b>(SNPINDEX:^GSPC)has gained an impressive 90%. But both history and valuation metrics unequivocally suggest that a big drop is upcoming for the stock market.</p>\n<p><b>History is pretty clear that trouble lies ahead</b></p>\n<p>For example, there have beenone or two double-digit percentage declineswithin the three years following a bottom in each of the previous eight bear markets prior to the coronavirus crash (i.e., dating back to 1960). Although bull markets tend to last years, rebounds from a bear market are never this smooth. We're nearly 15 months past the March 2020 bear-market bottom in the S&amp;P 500 and have yet to see anything close to a double-digit correction.</p>\n<p>To add to this point, data from market analytics firm Yardeni Research shows that there have been 38 double-digit declines in the S&amp;P 500 over the past 71 years. That's a crash or correction, on average,every 1.87 years. Though the market doesn't adhere to averages, it does give a general sense of when to expect these hiccups.</p>\n<p>On a valuation basis, the S&amp;P 500's Shiller price-to-earnings (P/E) ratio is a waving red flag. The S&amp;P 500's Shiller P/E -- a measure of inflation-adjusted earnings over the previous 10 years -- almost hit 38 earlier this week. That more than doubles its 151-year average, and it's the highest level in nearly two decades. The previous four times the Shiller P/E surpassed and held above 30 during a bull market rally, the indexsubsequently declined by a minimum of 20%.</p>\n<p>Make no mistake about it -- a stock market crash is coming.</p>\n<p>Every crash or correction is an opportunity for patient investors to make money</p>\n<p>However, a crash is no reason to duck and cover. While history may signal trouble ahead, it also tells us that each and every double-digit decline has been a buying opportunity. Eventually, every big drop in the major indexes is erased by a bull-market rally. When the next crash does occur, the following five high-conviction stocks can be confidently bought hand over fist.</p>\n<p><b>CrowdStrike Holdings</b></p>\n<p>Cybersecurity is projected to beone of the safest double-digit growth trendsthis decade. No matter the size of the business or the state of the U.S./global economy, protecting enterprise and consumer data is paramount. This means cloud-based cybersecurity stock<b>CrowdStrike Holdings</b>(NASDAQ:CRWD)can thrive in any environment.</p>\n<p>CrowdStrike's successderives from its cloud-native Falcon security platform. Because it's built in the cloud and relies on artificial intelligence, it's growing smarter at identifying and responding to threats all the time. It's currently overseeing 6 trillion events on a weekly basis, and it's far more cost-effective at protecting data than on-premise solutions.</p>\n<p>We can also look to the company's income statements to see clear-cut evidence that businesses favor CrowdStrike's cybersecurity platform. It's been retaining 98% of its clients, has seen existing clients spend 23% to 47% more on a year-over-year basis for the past 12 quarters, and recently reported that 64% of its customers have purchased at least four cloud module subscriptions. Scaling with its customers is CrowdStrike's ticket to big-time cash flow expansion.</p>\n<p><b>Facebook</b></p>\n<p>Brand-name businesses can make patient investors a fortune, and social media giant<b>Facebook</b>(NASDAQ:FB)is the perfect example.</p>\n<p>When the curtain closed on March, Facebook tallied 2.85 billion monthly active users (MAU) visiting its namesake site and an additional 600 million unique MAUs visiting WhatsApp or Instagram, which it also owns. All told, this equates to44% of the global populationinteracting with its owned sites each month. There's simply no social media platform businesses can go to get their message to a broader (or potentially targeted) audience, which is why Facebook ad-pricing power is so strong.</p>\n<p>But here's the kicker: Facebookhasn't even put the pedal to the metal. Although it's on track to generate more than $100 billion in advertising revenue in 2021, nearly all of these ad sales are coming from its namesake site and Instagram. WhatsApp and Facebook Messenger, which are two of the six most-visited social sites in the world, aren't being meaningfully monetized as of yet. Further, the company's Oculus virtual reality devices are still in the early stage of their growth. Suffice it to say, Facebook offers ample upside as its other operating segments are monetized and mature.</p>\n<p><b>NextEra Energy</b></p>\n<p>Another high-conviction stock to buy hand over fist the next time a crash or steep correction strikes is electric utility stock<b>NextEra Energy</b>(NYSE:NEE).</p>\n<p>Did I put you to sleep when I said \"electric utility stock?\" Electric utilities are traditionally known for their market-topping dividend yields and persistently low growth rates. But this doesn't describe NextEra Energy. NextEra has aggressively invested in renewable energy projects and is leading the country in solar and wind capacity. As a result of these investments, its electric generation costs have declined and its compound annual growth ratehas consistently been in the high single digitsfor more than a decade. It also doesn't hurt that NextEra is front-running any potential green-energy legislation that might come out of Washington.</p>\n<p>In addition to growth rates that are well above the sector average, NextEra still benefits from the predictability of energy demand. For instance, its regulated utilities (i.e., those not powered by renewable energy) require approval from state utility commissions before price hikes can be passed along to households. This might sound like an inconvenience, but it's actually great news. It means NextEra won't be exposed to potentially volatile wholesale pricing.</p>\n<p><b>Visa</b></p>\n<p>When the next stock market crash arrives, payment processing kingpin<b>Visa</b>(NYSE:V)is a winning company to confidently buy hand over fist. It's also another brand-name company thatcan still make its shareholders a fortune.</p>\n<p>Buying into the Visa growth story is a simple numbers game. Visa grows its revenue and profits when consumers and businesses are spending more. This happens when the U.S. and global economy are expanding. Although contractions and recessions are an inevitable part of the economic cycle, they tend to be short-lived. Meanwhile, periods of economic expansion are almost always measured in years. Buying into Visa during these short-lived crashes or corrections should allow long-term investors to be handsomely rewarded by this numbers game.</p>\n<p>The other interesting thing about Visa is thatit's shunned becoming a lender. You'd think that Visa could generate big bucks from interest income and fees by lending during these long-lived periods of expansion. But lending would also expose Visa to the credit delinquencies that arise during recessions. Operating solely as a payment processor means not having to set aside cash to cover delinquencies. It's why Visa rebounds so much faster than most financial stocks following a recession.</p>\n<p><b>Amazon</b></p>\n<p>Lastly (andwho couldn't see this coming?), investors should take any discount they can get during a crash on e-commerce behemoth<b>Amazon</b>(NASDAQ:AMZN).</p>\n<p>Amazon's online marketplace has proved virtually unstoppable for well over a decade. An April 2021 report from eMarketer pegged the company's share of U.S. online sales at 40.4%. That more than quintuples its next-closest competitor and effectively solidifies Amazon as the go-to source for online shopping in the U.S.</p>\n<p>What about those pesky low retail margins, you ask? Amazon has signed up more than 200 million people globally to a Prime membership. The fees collected from Prime members help to offset some of the company's retail-based margin weakness. Prime members are extremely loyal to the Amazon ecosystem and spend far more than non-members, too.</p>\n<p>But it's Amazon's cloud infrastructure segmentthat's the superstar. Amazon Web Services (AWS) brings in around one-eighth of the company's total sales but accounts for well over half its operating income. Since cloud margins are superior to retail and advertising margins, AWS is the company's key to explosive cash flow growth this decade.</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>A Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\nSince the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","AMZN":"亚马逊","NEP":"Nextera Energy Partners","CRWD":"CrowdStrike Holdings, Inc."},"source_url":"https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126454279","content_text":"It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\nSince the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- the widely followedS&P 500(SNPINDEX:^GSPC)has gained an impressive 90%. But both history and valuation metrics unequivocally suggest that a big drop is upcoming for the stock market.\nHistory is pretty clear that trouble lies ahead\nFor example, there have beenone or two double-digit percentage declineswithin the three years following a bottom in each of the previous eight bear markets prior to the coronavirus crash (i.e., dating back to 1960). Although bull markets tend to last years, rebounds from a bear market are never this smooth. We're nearly 15 months past the March 2020 bear-market bottom in the S&P 500 and have yet to see anything close to a double-digit correction.\nTo add to this point, data from market analytics firm Yardeni Research shows that there have been 38 double-digit declines in the S&P 500 over the past 71 years. That's a crash or correction, on average,every 1.87 years. Though the market doesn't adhere to averages, it does give a general sense of when to expect these hiccups.\nOn a valuation basis, the S&P 500's Shiller price-to-earnings (P/E) ratio is a waving red flag. The S&P 500's Shiller P/E -- a measure of inflation-adjusted earnings over the previous 10 years -- almost hit 38 earlier this week. That more than doubles its 151-year average, and it's the highest level in nearly two decades. The previous four times the Shiller P/E surpassed and held above 30 during a bull market rally, the indexsubsequently declined by a minimum of 20%.\nMake no mistake about it -- a stock market crash is coming.\nEvery crash or correction is an opportunity for patient investors to make money\nHowever, a crash is no reason to duck and cover. While history may signal trouble ahead, it also tells us that each and every double-digit decline has been a buying opportunity. Eventually, every big drop in the major indexes is erased by a bull-market rally. When the next crash does occur, the following five high-conviction stocks can be confidently bought hand over fist.\nCrowdStrike Holdings\nCybersecurity is projected to beone of the safest double-digit growth trendsthis decade. No matter the size of the business or the state of the U.S./global economy, protecting enterprise and consumer data is paramount. This means cloud-based cybersecurity stockCrowdStrike Holdings(NASDAQ:CRWD)can thrive in any environment.\nCrowdStrike's successderives from its cloud-native Falcon security platform. Because it's built in the cloud and relies on artificial intelligence, it's growing smarter at identifying and responding to threats all the time. It's currently overseeing 6 trillion events on a weekly basis, and it's far more cost-effective at protecting data than on-premise solutions.\nWe can also look to the company's income statements to see clear-cut evidence that businesses favor CrowdStrike's cybersecurity platform. It's been retaining 98% of its clients, has seen existing clients spend 23% to 47% more on a year-over-year basis for the past 12 quarters, and recently reported that 64% of its customers have purchased at least four cloud module subscriptions. Scaling with its customers is CrowdStrike's ticket to big-time cash flow expansion.\nFacebook\nBrand-name businesses can make patient investors a fortune, and social media giantFacebook(NASDAQ:FB)is the perfect example.\nWhen the curtain closed on March, Facebook tallied 2.85 billion monthly active users (MAU) visiting its namesake site and an additional 600 million unique MAUs visiting WhatsApp or Instagram, which it also owns. All told, this equates to44% of the global populationinteracting with its owned sites each month. There's simply no social media platform businesses can go to get their message to a broader (or potentially targeted) audience, which is why Facebook ad-pricing power is so strong.\nBut here's the kicker: Facebookhasn't even put the pedal to the metal. Although it's on track to generate more than $100 billion in advertising revenue in 2021, nearly all of these ad sales are coming from its namesake site and Instagram. WhatsApp and Facebook Messenger, which are two of the six most-visited social sites in the world, aren't being meaningfully monetized as of yet. Further, the company's Oculus virtual reality devices are still in the early stage of their growth. Suffice it to say, Facebook offers ample upside as its other operating segments are monetized and mature.\nNextEra Energy\nAnother high-conviction stock to buy hand over fist the next time a crash or steep correction strikes is electric utility stockNextEra Energy(NYSE:NEE).\nDid I put you to sleep when I said \"electric utility stock?\" Electric utilities are traditionally known for their market-topping dividend yields and persistently low growth rates. But this doesn't describe NextEra Energy. NextEra has aggressively invested in renewable energy projects and is leading the country in solar and wind capacity. As a result of these investments, its electric generation costs have declined and its compound annual growth ratehas consistently been in the high single digitsfor more than a decade. It also doesn't hurt that NextEra is front-running any potential green-energy legislation that might come out of Washington.\nIn addition to growth rates that are well above the sector average, NextEra still benefits from the predictability of energy demand. For instance, its regulated utilities (i.e., those not powered by renewable energy) require approval from state utility commissions before price hikes can be passed along to households. This might sound like an inconvenience, but it's actually great news. It means NextEra won't be exposed to potentially volatile wholesale pricing.\nVisa\nWhen the next stock market crash arrives, payment processing kingpinVisa(NYSE:V)is a winning company to confidently buy hand over fist. It's also another brand-name company thatcan still make its shareholders a fortune.\nBuying into the Visa growth story is a simple numbers game. Visa grows its revenue and profits when consumers and businesses are spending more. This happens when the U.S. and global economy are expanding. Although contractions and recessions are an inevitable part of the economic cycle, they tend to be short-lived. Meanwhile, periods of economic expansion are almost always measured in years. Buying into Visa during these short-lived crashes or corrections should allow long-term investors to be handsomely rewarded by this numbers game.\nThe other interesting thing about Visa is thatit's shunned becoming a lender. You'd think that Visa could generate big bucks from interest income and fees by lending during these long-lived periods of expansion. But lending would also expose Visa to the credit delinquencies that arise during recessions. Operating solely as a payment processor means not having to set aside cash to cover delinquencies. It's why Visa rebounds so much faster than most financial stocks following a recession.\nAmazon\nLastly (andwho couldn't see this coming?), investors should take any discount they can get during a crash on e-commerce behemothAmazon(NASDAQ:AMZN).\nAmazon's online marketplace has proved virtually unstoppable for well over a decade. An April 2021 report from eMarketer pegged the company's share of U.S. online sales at 40.4%. That more than quintuples its next-closest competitor and effectively solidifies Amazon as the go-to source for online shopping in the U.S.\nWhat about those pesky low retail margins, you ask? Amazon has signed up more than 200 million people globally to a Prime membership. The fees collected from Prime members help to offset some of the company's retail-based margin weakness. Prime members are extremely loyal to the Amazon ecosystem and spend far more than non-members, too.\nBut it's Amazon's cloud infrastructure segmentthat's the superstar. Amazon Web Services (AWS) brings in around one-eighth of the company's total sales but accounts for well over half its operating income. Since cloud margins are superior to retail and advertising margins, AWS is the company's key to explosive cash flow growth this decade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160962375,"gmtCreate":1623769746497,"gmtModify":1703818918917,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160962375","repostId":"1150591447","repostType":4,"repost":{"id":"1150591447","pubTimestamp":1623769391,"share":"https://ttm.financial/m/news/1150591447?lang=&edition=fundamental","pubTime":"2021-06-15 23:03","market":"us","language":"en","title":"Here's a complete trader playbook for every outcome from the key Fed meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1150591447","media":"CNBC","summary":"The Federal Reserve’s all-important policy meeting this week is going to affect where investors put ","content":"<div>\n<p>The Federal Reserve’s all-important policy meeting this week is going to affect where investors put their money to work going forward.\nThe Federal Open Market Committee,which will conclude its two-day...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's a complete trader playbook for every outcome from the key Fed meeting</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\">\nHere's a complete trader playbook for every outcome from the key Fed meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s all-important policy meeting this week is going to affect where investors put their money to work going forward.\nThe Federal Open Market Committee,which will conclude its two-day...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/06/15/heres-a-complete-trader-playbook-for-every-outcome-from-the-key-fed-meeting.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150591447","content_text":"The Federal Reserve’s all-important policy meeting this week is going to affect where investors put their money to work going forward.\nThe Federal Open Market Committee,which will conclude its two-day meeting Wednesday, could start preliminary discussions about scaling back the unprecedented bond-buying programs that aided the economy during the pandemic. Some market participants believe it’s still too soon for the central bank to signal such a tapering action, while others think the Fed will be able to find a happy medium that won’t upset the markets.\nEach scenario has different investing implications as they are expected to make big moves across asset classes.\nHere’s a playbook for traders on every scenario from the central bank’s key meeting.\nIf the Fed signals it’s staying with easy policies\nThe Fed could reiterate its transitory stance on inflation, ignoring the pick-up in price pressures reflected in recent economic data. If the central bank says its not time to remove accommodative policies and it’s not concerned about inflation, investors should stick with hedges against rising prices like commodities and stocks with high pricing power, investment banks found.\nBank of America screened S&P 500 companies that its analysts believe have the most pricing power and ability to expand margins at times of rising prices. The stocks include a few chipmakers —Nvidia,Texas InstrumentsandBroadcom— as well as consumer plays likeHome Depot,NikeandPepsiCo.Energy dividend payerExxon Mobilis also on the list.\nUBS also developed a framework for scoring corporate pricing agility, which considers pricing power, margin momentum and input cost exposure. For pricing power, UBS quantified the extent to which a company can raise prices over and above costs. For margin momentum, UBS tracked corporate pricing trends using its proprietary pricing mapping.\nFor input cost exposure, UBS searched for companies with negative sentiment around commodity and transport costs on earnings calls.\n\nBillionaire hedge fund manager Paul Tudor Jones said earlier this week that investors should “go all in on the inflation trades” if the Fed keeps ignoring higher prices.\n“If they treat these numbers — which were material events, they were very material —if they treat them with nonchalance, I think it’s just a green light to bet heavily on every inflation trade,” Tudor Jones said on “Squawk Box”on Monday.\n“If they say, ‘We’re on path, things are good,’ then I would just go all in on the inflation trades. I’d probably buy commodities, buy crypto, buy gold,” added Tudor Jones, who called the stock market crash in 1987.\nThe legendary investor believe cryptocurrencies and other commodities are favorable inflation hedges. Other than buying the commodities outright, investors could also bet on related exchange-traded funds, like gold miner ETFs.\nThe VanEck Vectors Gold Miners ETF (GDX),the biggest gold miner ETF with more than $14 billion in assets under management, has outperformed the populargold ETF GLDso far this year.\nIf the Fed signals it’s time to start removing easy policies\nAnother widely speculated scenario is for the Fed to signal that it’s nearing the time to dial back easy policy saying it will start tapering soon and move up its forecast for a rate increase. Under such a case where the central bank isn’t sufficiently dovish, many expect bond yields to shoot higher.\n“It could easily move longer yields higher,” said Kristina Hooper, Invesco’s chief global market strategist. “A revised dot plot could be one way to do that if it shows the anticipation of earlier or more aggressive rate hikes. And Fed Chair Jay Powell could easily push rates up if he shares that the Fed has started discussing tapering or suggests tapering could start in the next several months.”\nTudor Jones warned that this scenario could lead to another taper tantrum that could cause a correction in stocks.\n“If they course correct, if they say, ‘We’ve got incoming data, we’ve accomplished our mission or we’re on the way very rapidly to accomplishing our mission on employment,’ then you’re going to get a taper tantrum,”Tudor Jones said on Monday. “You’re going to get a sell-off in fixed income. You’re going to get a correction in stocks.”\nCNBC Pro combed through the returns of all S&P 500 stocks during the last five significant spikes in the 10-year Treasury yield. These five periods of a sharp move in rates occurred between 2003 and 2006, 2008 and 2009, 2012 and 2013, 2016 and 2018, and 2020 through now.\nAfter we found the stocks that beat the market every time, we looked for the names that are well-loved by analysts on Wall Street today. The stocks’ average gains during those rising interest rate periods are listed below, along with the percentage of analysts with buy ratings right now.\n\nBank of America’s head of U.S. equity and quantitative strategy Savita Subramanian is advising clients to buy high-quality stocks when tapering nears. High-quality stocks have a “B+” or better S&P quality rating.\nSubramanian said during the 2013 taper tantrum, high-quality names outperformed their low-quality counterparts by 1.3 percentage points from peak to trough in May and June.\nA hint at removing stimulus could also hurt stocks that are most sensitive to the economic recovery, including cyclicals like financials, energy and materials.\n“More hawkish = lower growth. Cyclicals should underperform,” Dennis DeBusschere, macro research analyst at Evercore ISI, said in a note. “The fact that hawkish concerns are being brought up at the same time people believe the reflation trade is in trouble and you have a poor Cyclical backdrop.”\nSo far in 2021, the energy sector has been the biggest winner among the 11 S&P 500 groupings, up 46%. Financials and real estate both gained more than 20% this year.\nIf the Fed makes both camps happy\nA third scenario could occur in which the Fed signals that it is concerned about inflation, but the central bank is not yet ready to taper.\nIf Fed chair Jerome Powell admits the discussion of tapering but nothing has been decided, then the market will likely see a modest rally, led by tech stocks, according to Tom Essaye, founder of the Sevens Report.\n“This is essentially the outcome that Powell and the Fed have been telegraphing for the past several weeks,” Essaye said. “This would be a continuation of the past two weeks’ Goldilocks market outlook. This outcome would help the S&P 500 extend last week’s breakout.”\nInvestors have been rotating back to tech as of late with bond yields coming down. The tech-heavyNasdaq Compositehas rallied about 2.5% this month, hitting a record close on Monday, its first all-time high since April 26. In comparison, the S&P 500 has risen just under 1% in June.\n“This is what the Fed has been doing for the last several months — warning that an inflation surge was coming but that it is transitory so no need to taper,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “Moreover, this is probably the most expected outcome from the Fed meeting.”\n“Yes, there may be comments by members that the time to start talking about tapering is here, but I think Powell will continue to suggest that inflation is up as expected but is not yet acting any differently than anticipated,” added Paulsen.\nThis year’s pullback in tech stocks has opened some opportunities in high-quality names that are now trading at a discount, according to top-rated technology analyst Toni Sacconaghi of Bernstein.\nThe Wall Street firm found several technology stocks that have inexpensive valuations and are high in quality. Bernstein screened for the cheapest tech names based on their forward price-to-earnings ratio. The firm also assigned each stock with a quality score.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160987083,"gmtCreate":1623769465342,"gmtModify":1703818907579,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160987083","repostId":"2143751575","repostType":2,"repost":{"id":"2143751575","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623760860,"share":"https://ttm.financial/m/news/2143751575?lang=&edition=fundamental","pubTime":"2021-06-15 20:41","market":"us","language":"en","title":"AMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions","url":"https://stock-news.laohu8.com/highlight/detail?id=2143751575","media":"Dow Jones","summary":"MW AMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions\n\n\n \n\n\n$(END)$ Dow","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW AMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions\n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 15, 2021 08:41 ET (12:41 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions</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\">\nAMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-15 20:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW AMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions\n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 15, 2021 08:41 ET (12:41 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc."},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143751575","content_text":"MW AMC stock slips 2.2% premarket, after running up 33.1% over the past 2 sessions\n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 15, 2021 08:41 ET (12:41 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164103652,"gmtCreate":1624176313576,"gmtModify":1703830204057,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164103652","repostId":"1164089282","repostType":4,"repost":{"id":"1164089282","pubTimestamp":1624007666,"share":"https://ttm.financial/m/news/1164089282?lang=&edition=fundamental","pubTime":"2021-06-18 17:14","market":"hk","language":"en","title":"Hong Kong to Begin Handing Out HK$5,000 Vouchers in August","url":"https://stock-news.laohu8.com/highlight/detail?id=1164089282","media":"bloomberg","summary":"Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help bo","content":"<p>Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help boost consumption in the pandemic-hit economy.</p>\n<p>Those eligible will be able to register for the vouchers from July 4 to Aug. 14, Financial Secretary Paul Chan said at a briefing Friday. The vouchers, available through payment systems such as theOctopustransit card, Alipay and WeChat Pay, will be usable to pay for things such as retail shopping and public transport.</p>\n<p>The funds will be paid out in three installments starting from as soon as Aug. 1.</p>\n<p>The spending vouchers were first announced by Chan in hisbudgetspeech in February along with plans to provide loans for the unemployed to stimulate consumption as the city gradually begins recovering from the pandemic. While theeconomyended its record recession in the first quarter andjoblessnessis declining, retail spending remains weak.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong to Begin Handing Out HK$5,000 Vouchers in August</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\">\nHong Kong to Begin Handing Out HK$5,000 Vouchers in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 17:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-18/hong-kong-to-begin-handing-out-hk-5-000-vouchers-in-august><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help boost consumption in the pandemic-hit economy.\nThose eligible will be able to register for the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-18/hong-kong-to-begin-handing-out-hk-5-000-vouchers-in-august\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-18/hong-kong-to-begin-handing-out-hk-5-000-vouchers-in-august","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164089282","content_text":"Hong Kong will begin handing out HK$5,000 ($644)spending vouchersto residents from August to help boost consumption in the pandemic-hit economy.\nThose eligible will be able to register for the vouchers from July 4 to Aug. 14, Financial Secretary Paul Chan said at a briefing Friday. The vouchers, available through payment systems such as theOctopustransit card, Alipay and WeChat Pay, will be usable to pay for things such as retail shopping and public transport.\nThe funds will be paid out in three installments starting from as soon as Aug. 1.\nThe spending vouchers were first announced by Chan in hisbudgetspeech in February along with plans to provide loans for the unemployed to stimulate consumption as the city gradually begins recovering from the pandemic. While theeconomyended its record recession in the first quarter andjoblessnessis declining, retail spending remains weak.","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165270247,"gmtCreate":1624149323389,"gmtModify":1703829360879,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165270247","repostId":"2144250776","repostType":4,"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161206707,"gmtCreate":1623926770609,"gmtModify":1703823671894,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161206707","repostId":"2144710563","repostType":4,"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160952391,"gmtCreate":1623770380513,"gmtModify":1703818944942,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160952391","repostId":"2143735752","repostType":4,"repost":{"id":"2143735752","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623750480,"share":"https://ttm.financial/m/news/2143735752?lang=&edition=fundamental","pubTime":"2021-06-15 17:48","market":"us","language":"en","title":"What you need to know to start investing in cryptocurrency right now","url":"https://stock-news.laohu8.com/highlight/detail?id=2143735752","media":"Dow Jones","summary":"From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in c","content":"<p>From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in crypto -- and advice on whether you should dive in.</p>\n<p>MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive.</p>\n<p>It's been a hot year for cryptocurrencies, and 2021 isn't even halfway over. The total value of cryptocurrencies briefly surpassed $2.5 trillion in May as a plethora of new investors jumped in, and now approximately 14% of American adults own cryptocurrencies.</p>\n<p>Cryptocurrencies are digital assets that are exchanged online on exchanges like Coinbase . Cryptocurrencies are hardly new. Bitcoin, the first and largest cryptocurrency by market capitalization, was created in 2009 and has been followed by more than 7,700 others. You may have also heard of ethereum, tether, or even dogecoin, which began as a joke and now sits among the 10 largest cryptocurrencies.</p>\n<p>While some people are investing purely to speculate, others look at cryptos as a way to store value or hedge against inflation. Here's how to invest in crypto now, whether you should get into it, and what to know before you do.</p>\n<p><b>How to invest in cryptocurrencies</b></p>\n<p>While investing in cryptocurrencies has gone mainstream, it's not an option at many traditional online brokers -- yet. Here are a few brokers that allow you to directly hold cryptocurrencies alongside other assets like stocks and bonds, but fees vary and it's key to do your homework:</p>\n<p>TD Ameritrade, Interactive Brokers, and Charles Schwab offer bitcoin futures trading.</p>\n<p>If your broker doesn't offer cryptocurrencies, you might consider signing up for an account with a crypto exchange, such as <a href=\"https://laohu8.com/S/AONE\">one</a> of the following:</p>\n<p><b>Prepare for risk and volatility</b></p>\n<p>Not all cryptocurrencies are created alike, and each token has unique characteristics that help dictate its price swings. That's why it's important to learn as much as possible about a specific token before investing, including why it was created (what problem it's trying to solve) and by whom (the governance structure), recommends Chris Kupier, vice president of equity research at CFRA Research.</p>\n<p>\"The more you understand it, the more you're going to approach investing in the 'right' way,\" Kupier says. For example, he likens bitcoin to \"gold 2.0\" because the digital coin has a finite supply and is seen by some as a way to store value and hedge against inflation -- characteristics that don't apply to ethereum, for example. (Note that this bitcoin-is-the-new-gold take is certainly not shared by everyone, as this MarketWatch .</p>\n<p>Cryptocurrencies fall under the umbrella of alternative assets (like commodities or real estate) because they offer a way to diversify your portfolio and have a low correlation to other assets, like stocks and bonds, Kupier notes. But cryptocurrencies are volatile, and because trading occurs 24/7, 365 days a year, that allows traders to react immediately to news -- or even tweets . Indeed, this year, tweets from Elon Musk, CEO of Tesla, caused crypto prices to both jump and slump.</p>\n<p>\"Look, this is the Wild West, so you have to be ready for it,\" Kupier says. While bitcoin has experienced average annualized returns in excess of 200%, that's come with huge price slumps, he adds. \"You need to embrace the volatility if you want those gains.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p><b>Consider risk-reward dynamics</b></p>\n<p>Investing in crypto is not for everyone. Those who do dive in should remember this: Given the extreme volatility, moderation is key, notes Matt Schwartz, senior advisor and a certified financial planner with Great Waters Financial. Just as you shouldn't invest all of your money in <a href=\"https://laohu8.com/S/AONE.U\">one</a> asset -- like a stock or bond -- cryptocurrencies should have a limited impact on the risk-reward dynamics of your overall portfolio, he adds.</p>\n<p>\"If you have 2%-5% of your portfolio allocated to any asset class, that isn't going to move the needle on your overall portfolio that much,\" Schwartz says, adding that the exact allocation is unique to each investor. \"It's important to think about your own situation and how it may or may not help you accomplish your goals.\"</p>\n<p>Some investing pros say that if you do want to dive into crypto, a smart way to do it may be through dollar-cost averaging, which simply means investing a fixed amount at regular intervals. And be sure to consult an accountant about the tax implications of trading (it can get pricey).</p>\n<p>Finally, be mindful of how investment decisions affect you. \"Don't take on so much risk that you can't sleep at night,\" Kupier says. \"But the opposite is true: If you're constantly watching bitcoin because you have 0% invested and you're watching it go up, you probably need to buy a little of it for peace of mind.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p>About the author: Anna-Louise Jackson is a financial journalist with more than a decade of writing and editing experience. She was a reporter for Bloomberg News, covering the U.S. economy, U.S. stock market, and corporate finance. Her work has also appeared in/on NerdWallet, CNBC, The Associated Press, USA Today, Forbes, Fortune, and Money.</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>What you need to know to start investing in cryptocurrency right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat you need to know to start investing in cryptocurrency right now\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-15 17:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in crypto -- and advice on whether you should dive in.</p>\n<p>MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive.</p>\n<p>It's been a hot year for cryptocurrencies, and 2021 isn't even halfway over. The total value of cryptocurrencies briefly surpassed $2.5 trillion in May as a plethora of new investors jumped in, and now approximately 14% of American adults own cryptocurrencies.</p>\n<p>Cryptocurrencies are digital assets that are exchanged online on exchanges like Coinbase . Cryptocurrencies are hardly new. Bitcoin, the first and largest cryptocurrency by market capitalization, was created in 2009 and has been followed by more than 7,700 others. You may have also heard of ethereum, tether, or even dogecoin, which began as a joke and now sits among the 10 largest cryptocurrencies.</p>\n<p>While some people are investing purely to speculate, others look at cryptos as a way to store value or hedge against inflation. Here's how to invest in crypto now, whether you should get into it, and what to know before you do.</p>\n<p><b>How to invest in cryptocurrencies</b></p>\n<p>While investing in cryptocurrencies has gone mainstream, it's not an option at many traditional online brokers -- yet. Here are a few brokers that allow you to directly hold cryptocurrencies alongside other assets like stocks and bonds, but fees vary and it's key to do your homework:</p>\n<p>TD Ameritrade, Interactive Brokers, and Charles Schwab offer bitcoin futures trading.</p>\n<p>If your broker doesn't offer cryptocurrencies, you might consider signing up for an account with a crypto exchange, such as <a href=\"https://laohu8.com/S/AONE\">one</a> of the following:</p>\n<p><b>Prepare for risk and volatility</b></p>\n<p>Not all cryptocurrencies are created alike, and each token has unique characteristics that help dictate its price swings. That's why it's important to learn as much as possible about a specific token before investing, including why it was created (what problem it's trying to solve) and by whom (the governance structure), recommends Chris Kupier, vice president of equity research at CFRA Research.</p>\n<p>\"The more you understand it, the more you're going to approach investing in the 'right' way,\" Kupier says. For example, he likens bitcoin to \"gold 2.0\" because the digital coin has a finite supply and is seen by some as a way to store value and hedge against inflation -- characteristics that don't apply to ethereum, for example. (Note that this bitcoin-is-the-new-gold take is certainly not shared by everyone, as this MarketWatch .</p>\n<p>Cryptocurrencies fall under the umbrella of alternative assets (like commodities or real estate) because they offer a way to diversify your portfolio and have a low correlation to other assets, like stocks and bonds, Kupier notes. But cryptocurrencies are volatile, and because trading occurs 24/7, 365 days a year, that allows traders to react immediately to news -- or even tweets . Indeed, this year, tweets from Elon Musk, CEO of Tesla, caused crypto prices to both jump and slump.</p>\n<p>\"Look, this is the Wild West, so you have to be ready for it,\" Kupier says. While bitcoin has experienced average annualized returns in excess of 200%, that's come with huge price slumps, he adds. \"You need to embrace the volatility if you want those gains.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p><b>Consider risk-reward dynamics</b></p>\n<p>Investing in crypto is not for everyone. Those who do dive in should remember this: Given the extreme volatility, moderation is key, notes Matt Schwartz, senior advisor and a certified financial planner with Great Waters Financial. Just as you shouldn't invest all of your money in <a href=\"https://laohu8.com/S/AONE.U\">one</a> asset -- like a stock or bond -- cryptocurrencies should have a limited impact on the risk-reward dynamics of your overall portfolio, he adds.</p>\n<p>\"If you have 2%-5% of your portfolio allocated to any asset class, that isn't going to move the needle on your overall portfolio that much,\" Schwartz says, adding that the exact allocation is unique to each investor. \"It's important to think about your own situation and how it may or may not help you accomplish your goals.\"</p>\n<p>Some investing pros say that if you do want to dive into crypto, a smart way to do it may be through dollar-cost averaging, which simply means investing a fixed amount at regular intervals. And be sure to consult an accountant about the tax implications of trading (it can get pricey).</p>\n<p>Finally, be mindful of how investment decisions affect you. \"Don't take on so much risk that you can't sleep at night,\" Kupier says. \"But the opposite is true: If you're constantly watching bitcoin because you have 0% invested and you're watching it go up, you probably need to buy a little of it for peace of mind.\"</p>\n<p>If you are ready to invest in crypto, here are a few of your options: Coinbase .</p>\n<p>About the author: Anna-Louise Jackson is a financial journalist with more than a decade of writing and editing experience. She was a reporter for Bloomberg News, covering the U.S. economy, U.S. stock market, and corporate finance. Her work has also appeared in/on NerdWallet, CNBC, The Associated Press, USA Today, Forbes, Fortune, and Money.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143735752","content_text":"From Robinhood to SoFi Invest, Coinbase to Gemini to eToro, here are some of the ways to invest in crypto -- and advice on whether you should dive in.\nMarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive.\nIt's been a hot year for cryptocurrencies, and 2021 isn't even halfway over. The total value of cryptocurrencies briefly surpassed $2.5 trillion in May as a plethora of new investors jumped in, and now approximately 14% of American adults own cryptocurrencies.\nCryptocurrencies are digital assets that are exchanged online on exchanges like Coinbase . Cryptocurrencies are hardly new. Bitcoin, the first and largest cryptocurrency by market capitalization, was created in 2009 and has been followed by more than 7,700 others. You may have also heard of ethereum, tether, or even dogecoin, which began as a joke and now sits among the 10 largest cryptocurrencies.\nWhile some people are investing purely to speculate, others look at cryptos as a way to store value or hedge against inflation. Here's how to invest in crypto now, whether you should get into it, and what to know before you do.\nHow to invest in cryptocurrencies\nWhile investing in cryptocurrencies has gone mainstream, it's not an option at many traditional online brokers -- yet. Here are a few brokers that allow you to directly hold cryptocurrencies alongside other assets like stocks and bonds, but fees vary and it's key to do your homework:\nTD Ameritrade, Interactive Brokers, and Charles Schwab offer bitcoin futures trading.\nIf your broker doesn't offer cryptocurrencies, you might consider signing up for an account with a crypto exchange, such as one of the following:\nPrepare for risk and volatility\nNot all cryptocurrencies are created alike, and each token has unique characteristics that help dictate its price swings. That's why it's important to learn as much as possible about a specific token before investing, including why it was created (what problem it's trying to solve) and by whom (the governance structure), recommends Chris Kupier, vice president of equity research at CFRA Research.\n\"The more you understand it, the more you're going to approach investing in the 'right' way,\" Kupier says. For example, he likens bitcoin to \"gold 2.0\" because the digital coin has a finite supply and is seen by some as a way to store value and hedge against inflation -- characteristics that don't apply to ethereum, for example. (Note that this bitcoin-is-the-new-gold take is certainly not shared by everyone, as this MarketWatch .\nCryptocurrencies fall under the umbrella of alternative assets (like commodities or real estate) because they offer a way to diversify your portfolio and have a low correlation to other assets, like stocks and bonds, Kupier notes. But cryptocurrencies are volatile, and because trading occurs 24/7, 365 days a year, that allows traders to react immediately to news -- or even tweets . Indeed, this year, tweets from Elon Musk, CEO of Tesla, caused crypto prices to both jump and slump.\n\"Look, this is the Wild West, so you have to be ready for it,\" Kupier says. While bitcoin has experienced average annualized returns in excess of 200%, that's come with huge price slumps, he adds. \"You need to embrace the volatility if you want those gains.\"\nIf you are ready to invest in crypto, here are a few of your options: Coinbase .\nConsider risk-reward dynamics\nInvesting in crypto is not for everyone. Those who do dive in should remember this: Given the extreme volatility, moderation is key, notes Matt Schwartz, senior advisor and a certified financial planner with Great Waters Financial. Just as you shouldn't invest all of your money in one asset -- like a stock or bond -- cryptocurrencies should have a limited impact on the risk-reward dynamics of your overall portfolio, he adds.\n\"If you have 2%-5% of your portfolio allocated to any asset class, that isn't going to move the needle on your overall portfolio that much,\" Schwartz says, adding that the exact allocation is unique to each investor. \"It's important to think about your own situation and how it may or may not help you accomplish your goals.\"\nSome investing pros say that if you do want to dive into crypto, a smart way to do it may be through dollar-cost averaging, which simply means investing a fixed amount at regular intervals. And be sure to consult an accountant about the tax implications of trading (it can get pricey).\nFinally, be mindful of how investment decisions affect you. \"Don't take on so much risk that you can't sleep at night,\" Kupier says. \"But the opposite is true: If you're constantly watching bitcoin because you have 0% invested and you're watching it go up, you probably need to buy a little of it for peace of mind.\"\nIf you are ready to invest in crypto, here are a few of your options: Coinbase .\nAbout the author: Anna-Louise Jackson is a financial journalist with more than a decade of writing and editing experience. She was a reporter for Bloomberg News, covering the U.S. economy, U.S. stock market, and corporate finance. Her work has also appeared in/on NerdWallet, CNBC, The Associated Press, USA Today, Forbes, Fortune, and Money.","news_type":1},"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160923969,"gmtCreate":1623769936951,"gmtModify":1703818926692,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Wow]&nbsp;","listText":"[Wow]&nbsp;","text":"[Wow]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160923969","repostId":"1180911259","repostType":4,"repost":{"id":"1180911259","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623765092,"share":"https://ttm.financial/m/news/1180911259?lang=&edition=fundamental","pubTime":"2021-06-15 21:51","market":"us","language":"en","title":"Blockchain stocks mixed in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1180911259","media":"Tiger Newspress","summary":"(June 15) Blockchain stocks mixed in morning trading.","content":"<p>(June&nbsp;15)&nbsp;Blockchain&nbsp;stocks&nbsp;mixed&nbsp;in&nbsp;morning&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/2add04248d60bb69c41121475aca5e34\" tg-width=\"283\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></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>Blockchain stocks mixed in morning trading</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\">\nBlockchain stocks mixed in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-15 21:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(June&nbsp;15)&nbsp;Blockchain&nbsp;stocks&nbsp;mixed&nbsp;in&nbsp;morning&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/2add04248d60bb69c41121475aca5e34\" tg-width=\"283\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAN":"嘉楠科技","BTBT":"Bit Digital, Inc.","RIOT":"Riot Platforms","EBON":"亿邦国际","MARA":"Marathon Digital Holdings Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180911259","content_text":"(June 15) Blockchain stocks mixed in morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160920084,"gmtCreate":1623769871948,"gmtModify":1703818923776,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160920084","repostId":"1127088935","repostType":4,"repost":{"id":"1127088935","pubTimestamp":1623765392,"share":"https://ttm.financial/m/news/1127088935?lang=&edition=fundamental","pubTime":"2021-06-15 21:56","market":"us","language":"en","title":"Alibaba stock on watch ahead of major Chinese shopping festival","url":"https://stock-news.laohu8.com/highlight/detail?id=1127088935","media":"seekingalpha","summary":"China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)t","content":"<p>China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)to regulate their promotional phone messages related to the upcoming annual June 18 shopping festival.</p>\n<p>The seemingly minor warning gains more importance due to China's ongoing crackdown on tech names, which led to the last-minute halt of fintech giant Ant Group's blockbuster IPO late last year and the more recent record antitrust fine for Alibaba.</p>\n<p>The massive 6.18 shopping event is closely watched for signs of consumer health in one of the world's largest economies.</p>\n<p>Last year, Alibaba had 6.18 gross merchandise volume of $98.52B, and JD.com had total transaction volume of $37.99B.</p>\n<p><img src=\"https://static.tigerbbs.com/8f6a01b5466a4409f5ba6e1f8b6331bc\" tg-width=\"290\" tg-height=\"129\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba stock on watch ahead of major Chinese shopping festival</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 stock on watch ahead of major Chinese shopping festival\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3706423-alibaba-stock-on-watch-ahead-of-major-chinese-shopping-festival><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)to regulate their promotional phone messages related to the upcoming annual June 18 shopping festival...</p>\n\n<a href=\"https://seekingalpha.com/news/3706423-alibaba-stock-on-watch-ahead-of-major-chinese-shopping-festival\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09618":"京东集团-SW","JD":"京东","BABA":"阿里巴巴","PDD":"拼多多"},"source_url":"https://seekingalpha.com/news/3706423-alibaba-stock-on-watch-ahead-of-major-chinese-shopping-festival","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1127088935","content_text":"China's industry ministryhas warnedAlibaba(NYSE:BABA), JD.com(NASDAQ:JD), and Pinduoduo(NASDAQ:PDD)to regulate their promotional phone messages related to the upcoming annual June 18 shopping festival.\nThe seemingly minor warning gains more importance due to China's ongoing crackdown on tech names, which led to the last-minute halt of fintech giant Ant Group's blockbuster IPO late last year and the more recent record antitrust fine for Alibaba.\nThe massive 6.18 shopping event is closely watched for signs of consumer health in one of the world's largest economies.\nLast year, Alibaba had 6.18 gross merchandise volume of $98.52B, and JD.com had total transaction volume of $37.99B.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160983968,"gmtCreate":1623769259454,"gmtModify":1703818897530,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160983968","repostId":"1193778475","repostType":4,"repost":{"id":"1193778475","pubTimestamp":1623749978,"share":"https://ttm.financial/m/news/1193778475?lang=&edition=fundamental","pubTime":"2021-06-15 17:39","market":"us","language":"en","title":"Netflix: The Selloff Looks Overdone","url":"https://stock-news.laohu8.com/highlight/detail?id=1193778475","media":"seekingalpha","summary":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive e","content":"<p><b>Summary</b></p>\n<ul>\n <li>Netflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.</li>\n <li>However, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.</li>\n <li>Netflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Netflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.</p>\n<p><img src=\"https://static.tigerbbs.com/59d9e43b35cbdb0cbc2330837c796371\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>Therefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.</p>\n<p>NFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.</p>\n<p><b>So What Happened to Netflix's Paid Adds?</b></p>\n<p><img src=\"https://static.tigerbbs.com/17d1ce1d66e99396f67725dcfdaf3db8\" tg-width=\"769\" tg-height=\"476\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/6ca327a13d9645fce263565653d4e390\" tg-width=\"827\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Average Paying Membership YoY Growth. Data Source: Company Filings</p>\n<p>As we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).</p>\n<p><img src=\"https://static.tigerbbs.com/b6e96b19f4b3eef87be93ecce3953a19\" tg-width=\"878\" tg-height=\"543\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/04f4053e2022d4c90e8b8ec51c1fc295\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku Active Accounts YoY Growth. Data Source: Company Filings</p>\n<p>We could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.</p>\n<p>Now, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.</p>\n<p><b>Revenue Growth Looks Good</b></p>\n<p><img src=\"https://static.tigerbbs.com/d8c6ed8cb94d2134ca5d0d79660ece07\" tg-width=\"1184\" tg-height=\"732\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/3ee95424dd68c5abe3591347f9dd9fad\" tg-width=\"1010\" tg-height=\"624\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue by Region YoY Growth. Data Source: Company Filings</p>\n<p>First up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/298a4247dfc847726b87f80e24cc874f\" tg-width=\"876\" tg-height=\"542\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/ce59d0df25c1a8b2fde74a772c918433\" tg-width=\"1023\" tg-height=\"632\" referrerpolicy=\"no-referrer\"></p>\n<p>ARPU by Region YoY Growth. Data Source: Company Filings</p>\n<p>NFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.</p>\n<p><img src=\"https://static.tigerbbs.com/bee3698456324209ed6c9cf58bed58da\" tg-width=\"1280\" tg-height=\"995\" referrerpolicy=\"no-referrer\"></p>\n<p>Timeline of NFLX Price Hikes. Source:Variety</p>\n<p>If NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:</p>\n<blockquote>\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n</blockquote>\n<p>These well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.</p>\n<p><img src=\"https://static.tigerbbs.com/42059a78e3a3f7dc656556dc27761343\" tg-width=\"1280\" tg-height=\"958\" referrerpolicy=\"no-referrer\"></p>\n<p>Top Reasons for Video Streaming Subscription Cancellations. Source:Variety</p>\n<p>When we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.</p>\n<p>If we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.</p>\n<p>Investors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.</p>\n<p>Strong Content Pipeline</p>\n<p><img src=\"https://static.tigerbbs.com/02eea9bd487d52b352dd3894f2563edf\" tg-width=\"1043\" tg-height=\"646\" referrerpolicy=\"no-referrer\"></p>\n<p>Content Assets. Data Source: Company Filings</p>\n<p><img src=\"https://static.tigerbbs.com/4a49a1facb41f2c4e848cced7724c68d\" tg-width=\"910\" tg-height=\"563\" referrerpolicy=\"no-referrer\"></p>\n<p>Produced Content YoY Growth. Data Source: Company Filings</p>\n<p>NFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:</p>\n<blockquote>\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n</blockquote>\n<p>Therefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.</p>\n<p><img src=\"https://static.tigerbbs.com/b4aaf52a7c9c18a4fc5664c9000282d1\" tg-width=\"1280\" tg-height=\"781\" referrerpolicy=\"no-referrer\"></p>\n<p>Ranking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News</p>\n<p>In this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.</p>\n<p>Netflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:</p>\n<blockquote>\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/0a756085b63c0d9b1e40d39f3fd21609\" tg-width=\"764\" tg-height=\"473\" referrerpolicy=\"no-referrer\"></p>\n<p>Reasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors</p>\n<p>As we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.</p>\n<p><img src=\"https://static.tigerbbs.com/afa2be3ca5cfa415aee98a9c45f8e6c9\" tg-width=\"956\" tg-height=\"591\" referrerpolicy=\"no-referrer\"></p>\n<p>Share of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood</p>\n<p>In the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.</p>\n<p><img src=\"https://static.tigerbbs.com/a2c1e2c429e015e113242ffeac4d3f07\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Netflix Video Content Budget. Data Source: eMarketer</p>\n<p>Many critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.</p>\n<p><img src=\"https://static.tigerbbs.com/e592ee98fcd2477f5e9332e664c74afa\" tg-width=\"1153\" tg-height=\"712\" referrerpolicy=\"no-referrer\"></p>\n<p>Other Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.</p>\n<p><img src=\"https://static.tigerbbs.com/ee2072e791610e16b97ed6d432f1fcb9\" tg-width=\"1280\" tg-height=\"750\" referrerpolicy=\"no-referrer\"></p>\n<p>Projected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&amp;P Capital IQ</p>\n<p>In fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.</p>\n<p><img src=\"https://static.tigerbbs.com/67cbb70240f511c861aa1e4fd5b8c00d\" tg-width=\"893\" tg-height=\"552\" referrerpolicy=\"no-referrer\">SVOD market share in Japan. Data Source: GEM Partners</p>\n<p>Turning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.</p>\n<p><img src=\"https://static.tigerbbs.com/02d5751919369a578902516e76f5793a\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Most popular OTT in Korea. Data Source: IGAWorks</p>\n<p>In its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:</p>\n<blockquote>\n <b>Over the last two years, we've seen the world falling in love with incredible Korean content</b>, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/06889e84d7faf18b5d1a8da1b4542895\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Popular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea</p>\n<p>Netflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.</p>\n<p>The Elephant in the Room: Disney</p>\n<p><img src=\"https://static.tigerbbs.com/2eb61cee21092f710c0e1446f1d598d2\" tg-width=\"1207\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated number of SVOD subscribers worldwide. Data Source: Digital TV Research</p>\n<p>Disney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.</p>\n<p>DIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.</p>\n<p><img src=\"https://static.tigerbbs.com/30f463be13597df4819879aa4b894285\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>DIS+ ARPU. Data Source: Company Filings</p>\n<p>However, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.</p>\n<p><img src=\"https://static.tigerbbs.com/63f805876a22e4da556a27db39e6cdc8\" tg-width=\"600\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p>\n<p>Estimated penetration rate. Data Source: The Motley Fool, Stifel</p>\n<p>However, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.</p>\n<p><img src=\"https://static.tigerbbs.com/20878384ca9242ab35b248fb2b73ff6f\" tg-width=\"951\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p>\n<p>OTT Revenue Worldwide. Data Source: Digital TV Research</p>\n<p>Most importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.</p>\n<p><b>Valuations are Not Expensive</b></p>\n<p><img src=\"https://static.tigerbbs.com/5d390f14679f74fb62a364d0921d5923\" tg-width=\"1280\" tg-height=\"733\" referrerpolicy=\"no-referrer\"></p>\n<p>Revenue CAGR and Revenue Multiples. Data Source: S&amp;P Capital IQ</p>\n<p>NFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.</p>\n<p><img src=\"https://static.tigerbbs.com/becc49bc5dfbfa222226bd7426fd4e9e\" tg-width=\"1280\" tg-height=\"707\" referrerpolicy=\"no-referrer\"></p>\n<p>CapEX Margin &amp; Projected CapEx Margin. Data Source: S&amp;P Capital IQ</p>\n<p><img src=\"https://static.tigerbbs.com/c44673eb90f5086b3eeae98397e1115f\" tg-width=\"1276\" tg-height=\"1122\" referrerpolicy=\"no-referrer\"></p>\n<p>5Y Av. EV / EBITDA &amp; EV / Fwd EBITDA. Data Source: S&amp;P Capital IQ</p>\n<p>Given that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.</p>\n<p><img src=\"https://static.tigerbbs.com/2e39e44f4f13ac6efc0b91aed6045771\" tg-width=\"1280\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p>\n<p>EV / Fwd (EBITDA - CapEx). Data Source: S&amp;P Capital IQ</p>\n<p>In fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.</p>\n<p>Price Action and Technical Analysis</p>\n<p><img src=\"https://static.tigerbbs.com/2da4bd6973d2fa92a51a7b159b05efce\" tg-width=\"1280\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: TradingView</p>\n<p>The current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.</p>\n<p><b>Wrapping it all up</b></p>\n<p>Netflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix: The Selloff Looks Overdone</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\">\nNetflix: The Selloff Looks Overdone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s...</p>\n\n<a href=\"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://seekingalpha.com/article/4434692-netflix-the-sell-off-looks-overdone-nflx","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193778475","content_text":"Summary\n\nNetflix has been unreasonably sold down and unjustifiably cited as losing its competitive edge due to weaker Q1’21 membership adds.\nHowever, short-sighted investors did not consider Netflix’s overall game to evaluate the strength of its moat.\nNetflix looks attractively-priced now, and should be a worthy addition to both value and growth investors.\n\nInvestment Thesis\nNetflix (NFLX) has come under the weather recently, as the company had to face increased competitive pressure from the growth of Disney+, recent industry consolidation fromWarner Bros. Discovery(T,DISCA) and Amazon's (AMZN)acquisition of MGM's deep content IP. Furthermore, the company also reported an\"underwhelming\" Q1'21results that saw the company even missing its own net membership adds estimates by 2m. In short, there seems to be no shortage of bad news for NFLX recently.\n\nSource: TradingView\nTherefore, it's not surprising to me at all that Mr. Market reacted somewhat negatively to all these competitive headwinds as NFLX remains about 18% off its January high, while QQQ is withintouching distance of its all time high. As a price-action, momentum based investor, seeing a stock that has demonstrated strong medium term and long term uptrend bias is of paramount importance to me and NFLX certainly checks all of that from this perspective. Although there are other growth stocks that have demonstrated a better uptrend bias profile, NFLX is not a slouch either. It has only lost its medium term 50W MA dynamic support only twice in the last 5 years: 2018 bear market decline of 45%, and Jul-Sep 19 decline of 35%. Even though the stock momentarily lost its 50W support level then, NFLX quickly regained its medium term support level, and during the COVID-19 bear market, NFLX never lost support of its medium term uptrend. Therefore, the 50W MA has proven to be a consistently strong medium term dynamic support level for NFLX over the last 5 years.\nNFLX's price has now approached its 50W support level again thanks to the weak market sentiments lately which makes it appropriate to discuss whether NFLX represents a good buying opportunity now for long term investors.\nSo What Happened to Netflix's Paid Adds?\n\nAverage Paying Membership by Region. Data Source: Company Filings\n\nAverage Paying Membership YoY Growth. Data Source: Company Filings\nAs we could observe clearly from the charts above, the market reacted negatively to NFLX's Q1'21 results, sending the stock down 8.21% the day after the release. It added just 3.98M net paid members in Q1'21, which was significantly weaker than the previous quarters as can be seen from its YoY Growth. The management mainly attributed this to the strong pull forward growth in membership during Q1'20 that has somewhat skewed the base upwards and may have disproportionately affected its growth in Q1'21. Although I think there is a reasonable basis for that line of argument, however we did not observe such a drastic decline in Roku, Inc. (ROKU) in its active accounts in Q1'21 (see charts below).\n\nRoku Active Accounts. Data Source: Company Filings\n\nRoku Active Accounts YoY Growth. Data Source: Company Filings\nWe could clearly observe Roku's Active accounts YoY growth of 34.7% in Q1'21 to be still largely in line with 2019's growth even though Roku also experienced pull forward growth from COVID-19 last year. Therefore, I think there is a reasonable basis to infer that NFLX's paid adds growth seemed to have slowed down pretty dramatically even though it should be noted that NFLX's net paid membership of 208M significantly outnumbered Roku's 53.6M active accounts and that was not a small difference.\nNow, if you are a short term trader or an \"investor\" with a horizon of 1 quarter, then perhaps it may be a reasonable basis to get out of the stock. However, for long term investors, many of whom NFLX has handsomely rewarded over the last ten years, we need to dig deeper to investigate whether there has been a significant change in its long term competitive moat from the latest quarter's aberration that may significantly change NFLX's ability to compete effectively and weaken the competitive dynamics of its business model.\nRevenue Growth Looks Good\n\nRevenue by Region. Data Source: Company Filings\n\nRevenue by Region YoY Growth. Data Source: Company Filings\nFirst up, let's take a look at its revenue by region performance. We could observe clearly that the company's most important revenue drivers: UCAN and EMEA had YoY revenue growth of 17.3% and 36% in Q1'21, respectively, as compared to 19.8% and 39.7% in Q1'20, respectively. Sure, there was a slight blip in its YoY growth rate in Q1'21, but it was still very much in line with Q4'20 YoY numbers (which Mr. Market cheered by pushing the stock up 17.74% the day after earnings release), so it was nothing too significant that warranted a serious look into its competitiveness. Moreover, its fastest growing region: APAC also looked to have performed well with a 57.6% YoY growth rate that was even better than Q1'20's YoY growth rate of 51.3%.\n\nARPU by Region. Data Source: Company Filings\n\nARPU by Region YoY Growth. Data Source: Company Filings\nNFLX also performed admirably well in its ARPU. ARPU was up in all the regions except for LATAM where the growth was flat on a QoQ basis. Although ARPU growth was quite volatile between quarters, ARPU in UCAN, EMEA and APAC went up by 8.4%, 11.5% and 9% in Q1'21, respectively. Even though LATAM's ARPU was down YoY, but on a QoQ basis it was flat, so there was nothing materially serious to take note here. Therefore, NFLX's ARPU performance looked really good in Q1'21.\n\nTimeline of NFLX Price Hikes. Source:Variety\nIf NFLX had faced intense competitive pressure in the past that forced it into a price war with competing platforms as it acquired more users, we would have seen the company forced to reduce its prices over time. On the contrary, NFLX has been increasing its prices steadily over time, with the latest round of price hikes on October 20. Even though there were some knee-jerk cancellations from some subscribers in the short term over the price hikes, over the long term it has never affected the company's ability to attract more users. This shows NFLX's strong competitive moat that gives it a huge ability to raise prices over time without losing its subscribers. In fact,NFLX well encapsulatedits strong ability to retain its subscribers despite the price hikes:\n\n Our churn is actually below pre-price change levels already in the U.S. and in most of the markets and where we have adjusted prices and just some of the newer ones haven't come all the way back down, but they're rapidly getting there.\n\nThese well-planned price increases are extremely beneficial to NFLX's topline, given NFLX's growing subscriber base as the recent price increase is expected toadd $500Mto NFLX's revenue in FY 21 (consensus: $29.72B). Even though it's not a significant sum as compared to the revenue base, however more importantly it demonstrated clearly that NFLX has considerable pricing power in a highly competitive SVOD segment.\n\nTop Reasons for Video Streaming Subscription Cancellations. Source:Variety\nWhen we consider that the single most important reason for subscribers to cancel their streaming subscriptions is: \"If the subscription price increased\", then investors should now be able to really understand how Mr. Market has significantly underestimated NFLX's pricing power, which is extremely important to NFLX's business model to introduce more and more high quality content as its subscriber base gets larger over time.\nIf we revisit NFLX's ARPU by region again, we could certainly see a generally healthy trend of ARPU over time even as the company increased its prices. It's important to note that increasing subscriptions prices is the primary way for it to further monetize its growing user base (although the company has also recently introduced more monetization methods such asNetflix shop, as well as thegaming market, so investors are highly encouraged to continue monitoring these developments). The price increases will help to bolster the consistency of the ARPU such that it would help with times when the company has found some difficulty in adding more users such as in Q1'21, while YoY revenue growth was still very healthy.\nInvestors should take note that NFLX's growing membership base of 208M paying members is a formidable moat for it to keep producing its slate of high quality original content.\nStrong Content Pipeline\n\nContent Assets. Data Source: Company Filings\n\nProduced Content YoY Growth. Data Source: Company Filings\nNFLX has been growing its original content base rapidly over the last few years, although the COVID-19 crisis has somewhat slowed down its growth. Thecompany emphasized:\n\n [W]e think we'll get back to a much steadier state in the back half of the year and certainly in Q4, where we've got the returning seasons of some of our most popular shows like The Witcher and You and Cobra Kai as well as some big tempo movies that came to market a little slower than we'd hoped, like Red Notes with The Rock and Ryan Reynolds and Gaga, and Escape From Spiderhead with Chris Hemsworth, big event content.\n\nTherefore, the company is not resting on its laurels and would keep on its record of producing high quality content to keep engagement at a high level with its viewers.\n\nRanking of original streaming series titles in the U.S. Data Source: Nielsen, Media Play News\nIn this survey conducted in early May, NFLX's slate of original series took home 7 out of the top 10 slots for the most watched series, demonstrating the high quality and appeal of its content with viewers. In fact, there were many other surveys that also showed Netflix's dominance in viewership over time.\nNetflix's original content didn't just dominate hours watched, but also award nominations. The company highlighted its recent achievements:\n\n Netflix led all studios for recent award nominations including the Oscars, Golden Globes, SAG Awards, BAFTA and the NAACP Image Awards, among others. Heading into the Academy Awards this weekend, we have 36 nominations across 17 films including two nominees in each of the Best Picture (Mank, The Trial of the Chicago 7), Best Documentary Feature (Crip Camp, My Octopus Teacher), and Best Animated Feature (Over the Moon, A Shaun The Sheep Movie: Farmageddon) categories. Mank led all films with 10 nominations.\n\n\nReasons for subscribing to SVOD services in the U.S. Data Source: Vorhaus Advisors\nAs we could observe from the above, high quality original series (35%) and specific TV series or movies (43%) ranked very highly on the reasons for subscribing to SVOD services, and investors can rest assured that NFLX is certainly leading in these areas.\n\nShare of SVOD subscribers, who also subscribe to other services. Data Source: Reelgood\nIn the SVOD space, we could clearly observe NFLX's importance to subscribers even if they subscribed to other services, which definitely helps to downplay the significance of increasing competitive threats to NFLX. In fact, NFLX was the most important service among these subscribers as the subscribers of the company's competitors also subscribed to NFLX: Peacock Premium (90%), HBO Max (90%), Amazon Prime (84%), Disney+ (87%), Hulu (85%) and Apple TV+ (92%), demonstrating clearly the importance and dominance of NFLX to its competitors' subscribers.\n\nNetflix Video Content Budget. Data Source: eMarketer\nMany critics also pointed to NFLX's increasing need to dedicate huge amounts of investments to drive its engagement levels, protect its moat, grow its revenue. In fact, I think unless NFLX is working on a model like Roku, whose business model I havediscussed recently here, having a high quality slate of original content is important in order to maintain its competitive edge, especially when we have witnessed a series of industry consolidation where NFLX may lose more and more access to high quality licensed content, so NFLX's committed investments in original content a few years ago led by Co-CEO Ted Sarandos has certainly been a masterstroke that has helped maintain the company's competitive edge. In addition, NFLX has been getting more and more efficient in producing original content over time, certainly helped by the large and growing paying membership base, which as I mentioned in itself is a strong moat.\n\nOther Operating Activities [LTM] as a % of Revenue [LTM]. Data Source: S&P Capital IQ\nNFLX's other operating activities segment mainly include the company's investments in content assets which are classified as a cash outflow in the company's Cash from Operations [CFO]. If we observed clearly, despite the company's increasing video content budget, these investments have been forming a smaller and smaller component of the company's revenue from 2018 (even if we were to exclude the skewed figures from recent quarters due to reduced original content being produced as a result of COVID-19 delays), demonstrating the company's improved CFO position that has driven results towards FCF profitability. As a result, this allowed the company to confidently declare to investors that: \"So we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter.\" This is definitely a highly important development, as that means NFLX now has more and more cash flow flexibility to invest in content to further drive its competitive edge against its closest rivals. The company's expected FCF profitability has also given the company confidence to announce a $5B share buyback in order to return excess cash to investors.\n\nProjected Revenue Consensus Estimates, Projected Revenue Growth, Unlevered FCF Margin. Data Source: S&P Capital IQ\nIn fact, when I factored in NFLX's growth assumptions into its forecast model, NFLX is expected to consistently improve its FCF margin in the years ahead, while maintaining a steady revenue growth over time. NFLX is fast becoming a FCF driver that is capable of sustaining its growth and protecting its competitive moat strongly.\nSVOD market share in Japan. Data Source: GEM Partners\nTurning to NFLX's fastest growing region: APAC (shortsighted investors seemed to ignore NFLX's dominance in this region). There's absolutely no doubt who was the clear leader in the SVOD market in Japan with NFLX holding a 19.5% market share. In fact, Japan was expected to take over Australia as APAC'slargest market by the end of 2021. Japan's revenue is expected to grow at about 37% YoY from $2.4B to $3.3B, and subscriptions from 25.5M to 33.3M, which would represent a 30.6% increase YoY.\n\nMost popular OTT in Korea. Data Source: IGAWorks\nIn its third largest APAC market: Korea, NFLX is also the well-established leader with a market share well ahead of the other OTT services, allowing the company a lot of leverage in producing top quality original Korean content. Korean content is very popular in Asia, and Netflix relies heavily on the Korean Wave (Hallyu) as the main gateway to audiences in Asia and has committed$500M to invest in Korean content in 2021 alone, from $700M spent between 2015 to 2020. Co-CEO Ted Sarandos summed up the company's approach in Korean content:\n\nOver the last two years, we've seen the world falling in love with incredible Korean content, made in Korea and watched by the world on Netflix. Our commitment towards Korea is strong. We will continue to invest and collaborate with Korean storytellers across a wealth of genres and formats.\n\n\nPopular OTT for accessing Korean Dramas Worldwide. Data Source: Korean Foundation for International Cultural Exchange; MCST Korea\nNetflix's commitment to build up its investments in Korean content has allowed it to maintain a strong position as the second ranked OTT platform behind YouTube for worldwide access to Korean dramas mainly because in my opinion, AVOD-based YouTube is free. However, Netflix has produced a lot of Original Series Korean dramas that have often quickly become a hit, and which were not available for distribution on YouTube.\nThe Elephant in the Room: Disney\n\nEstimated number of SVOD subscribers worldwide. Data Source: Digital TV Research\nDisney (DIS) perhaps represents the largest threat in terms of subscribers growth as it's expected to take over NFLX as the largest SVOD player worldwide by 2026 with 294M subscribers as compared to NFLX's 286M subscribers.\nDIS has grown its subscribers base impressively as it reached103.6M subscribers in Q2'21. DIS's Hotstar platform is the dominant platform in two of Asia's most populated countries: Indonesia and India. This is expected to continue driving strong subscribers growth that would help it to exceed NFLX's subscriber base eventually.\n\nDIS+ ARPU. Data Source: Company Filings\nHowever, DIS's ARPU is also substantially lower than NFLX as Hotstar is very much a lower-priced offering and therefore skewing DIS's ARPU to the downside even as it adds more users. However, Hotstar looks like the better equipped option for growth in these two important Asian markets for DIS and I think DISpossesses the edge over here.\n\nEstimated penetration rate. Data Source: The Motley Fool, Stifel\nHowever, NFLX is still expected to make inroads in all its segments, and particularly in APAC and EMEA as it continues to drive content growth to cater to the markets where it has the lead. l certainly think NFLX can't win in all markets, and in some markets the company definitely has to spend a lot more time and resources to develop them such as in APAC where its penetration is still very low, therefore offering huge potential for growth.\n\nOTT Revenue Worldwide. Data Source: Digital TV Research\nMost importantly, the whole market still offers a lot of opportunities for growth for well positioned players in both the AVOD and the SVOD space. In the SVOD market, it is expected to grow at about 10.16% CAGR from 2020 to 2025, which although not as fast as the AVOD market, it's still expected to grow at a highly respectable rate.\nValuations are Not Expensive\n\nRevenue CAGR and Revenue Multiples. Data Source: S&P Capital IQ\nNFLX's projected growth (5Y CAGR of 15.1%) is definitely expected to slow as it matures, and turn FCF profitable. I don't think it's a bad thing. NFLX is still the dominant player in SVOD and expected to be so. In addition, it's still expected to grow faster than the SVOD market growth of 10.1%, thus further reinforcing NFLX's market leadership expectation. In addition, it's also trading at a slight discount on its EV / FY+1 Rev of 7.8x as compared to its 5Y Av. EV / LTM Rev of 8.8x.\n\nCapEX Margin & Projected CapEx Margin. Data Source: S&P Capital IQ\n\n5Y Av. EV / EBITDA & EV / Fwd EBITDA. Data Source: S&P Capital IQ\nGiven that its CapEX margins (see above) are expected to be largely consistent over time as compared to the last few years, I also find it useful to consider its cash flow generating capacity and value it accordingly. When we consider NFLX's EV / Fwd EBITDA (see above), we could see the company's improved FCF generating capability has now made NFLX a lot more undervalued than when we compared it against its revenue growth.\n\nEV / Fwd (EBITDA - CapEx). Data Source: S&P Capital IQ\nIn fact, NFLX is expected to continue generating a high level FCF moving forward which would thus further support the NFLX's competitive valuation from the FCF point of view.\nPrice Action and Technical Analysis\n\nSource: TradingView\nThe current price level at $489 is a possible entry point, with a more conservative entry point at $458. The \"Buy more\" entry point is at $398, which is also supported above the key 200W MA. Avoid buying near $563 and $593 in the near term as they look to be key resistance levels.\nWrapping it all up\nNetflix's \"loss of competitiveness\" and \"weak fundamentals\" that were called into question recently are largely unfounded. The company enjoys strong dominance and competitive advantages in the SVOD market that is still expected to grow at double digit growth rates of which NFLX is expected to exploit in the years ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160917961,"gmtCreate":1623769169353,"gmtModify":1703818893959,"author":{"id":"3578224915477613","authorId":"3578224915477613","name":"ezsmin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578224915477613","authorIdStr":"3578224915477613"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160917961","repostId":"2143735244","repostType":4,"repost":{"id":"2143735244","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623750480,"share":"https://ttm.financial/m/news/2143735244?lang=&edition=fundamental","pubTime":"2021-06-15 17:48","market":"us","language":"en","title":"These energy and EV stocks can still benefit from Biden's infrastructure plan, Citi says","url":"https://stock-news.laohu8.com/highlight/detail?id=2143735244","media":"Dow Jones","summary":"Critical information for the trading day.\n\nU.S. stocks got off to a mixed start on Monday, after the","content":"<blockquote>\n Critical information for the trading day.\n</blockquote>\n<p>U.S. stocks got off to a mixed start on Monday, after the S&amp;P 500 notched its 28th record high of the year on Friday.</p>\n<p>Investors will be closely watching the Federal Reserve's latest monetary policy decision on Wednesday as well as what Chair Jerome Powell has to say .</p>\n<p>President Joe Biden's infrastructure plans are also in focus, after talks with Senate Republicans over a $1.7 trillion deal collapsed last week. Bipartisan efforts over a compromise are continuing, while a Democratic-only Reconciliation Bill is also seen as an option. Biden has set a summer deadline for Congress to pass his top legislative priority.</p>\n<p>In our call of the day, Citi strategists looked at the prospects for Biden's infrastructure plans and the stocks that are likely to benefit.</p>\n<p>The strategists, led by Edward Morse, said it now looked likely that passable legislation would be below the $1.7 trillion of infrastructure but higher than $1 trillion. The team looked at which areas would still make the cut in terms of spending.</p>\n<p>\"Enhanced policy support for carbon capture, utilization and storage (CCUS) likely survives and would have bipartisan support if a reconciliation process fails,\" they said.</p>\n<p>CCUS involves capturing carbon dioxide from large sources, such as power plants, and storing it to be recycled. It can play an \"important and diverse\" role in meeting global energy and climate goals, according to the International Energy Agency.</p>\n<p>\"The bill could jump-start an industry that could grow to be larger than today's domestic oil-and-gas industry,\" Citi strategists said. That would change the terminal value debate over companies such as Exxon Mobil <a href=\"https://laohu8.com/S/XOM\">$(XOM)$</a>, which has more than 30 years of experience in CCUS, and other established names in the space, including Baker Hughes <a href=\"https://laohu8.com/S/BKR\">$(BKR)$</a>, Schlumberger <a href=\"https://laohu8.com/S/SLB\">$(SLB)$</a>, Chart Industries <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a>, Valero Energy <a href=\"https://laohu8.com/S/VLO\">$(VLO)$</a> and Kinder Morgan <a href=\"https://laohu8.com/S/KMI\">$(KMI)$</a>, they added.</p>\n<p>Renewables adoption is also poised to accelerate, they said, with the demand for clean energy boosted by Biden's agenda on climate change. It could potentially lead to significant investments in existing renewable facilities and building new solar and wind farms.</p>\n<p>\"We think this bodes well for specialty contractors, such as MasTec <a href=\"https://laohu8.com/S/MTZ\">$(MTZ)$</a> and engineering and construction-focused Fluor <a href=\"https://laohu8.com/S/FLR\">$(FLR)$</a> given their expertise in clean energy infrastructure and management, as well as for General Electric <a href=\"https://laohu8.com/S/GE\">$(GE)$</a> given its wind turbine portfolio and related digital offerings,\" they said.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> other long-term themes to watch out for are electric-vehicle infrastructure and green hydrogen, which is produced when renewable energy powers the electrolysis of water -- breaking it into its component elements of hydrogen and oxygen.</p>\n<p>MasTec, Rockwell Automation <a href=\"https://laohu8.com/S/ROK\">$(ROK)$</a>, 3M <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>, Vontier <a href=\"https://laohu8.com/S/VNT\">$(VNT)$</a> and Dover Corp <a href=\"https://laohu8.com/S/DOV\">$(DOV)$</a> are all set to benefit from EV proliferation, while General Electric, Emerson Electric <a href=\"https://laohu8.com/S/EMR\">$(EMR)$</a> and KBR <a href=\"https://laohu8.com/S/KBR\">$(KBR)$</a> can capitalize on the emergence of green hydrogen, they added.</p>\n<p><b>The markets</b></p>\n<p>European stocks climbed to fresh record highs on Monday as inflation fears continued to ease. U.S. stocks were mixed in early trading . The yield on the 10-year Treasury remained anchored below 1.50%.</p>\n<p><b>The tweet</b></p>\n<p>Bitcoin jumped sharply on Sunday Chief Executive Elon Musk said the electric-vehicle company \"only\" sold around 10% of its holdings and would resume allowing transactions using the cryptocurrency when 50% of energy used to mine it comes from clean sources. Bitcoin was trading at $39,507.35 early on Friday and has climbed 11.7% in the past 24 hours, according to CoinDesk.</p>\n<p><b>The buzz</b></p>\n<p>Royal Dutch Shell is reviewing its holdings in the largest oil field in the U.S . -- the Permian Basin, mostly in Texas -- according to reports on Sunday. A sale could raise up to $10 billion, CNBC said.</p>\n<p>U.K. Prime Minister Boris Johnson is expected to confirm a four-week delay to the next planned relaxation of COVID-19 restrictions in England due to the spread of the delta coronavirus variant.</p>\n<p>Leaders of the G-7 (Group of Seven) countries rallied around Biden's call to challenge China over human rights and vowed to donate <a href=\"https://laohu8.com/S/AONE\">one</a> billion COVID-19 vaccine doses to poorer nations over the next year.</p>\n<p>Novavax <a href=\"https://laohu8.com/S/NVAX\">$(NVAX)$</a> reported that a Phase 3 study of its COVID-19 vaccine showed it was 90.4% effective overall . The 29,960-patient study also found that the vaccine provided 100% protection against moderate and severe disease. The biotech intends to file for regulatory authorizations in the third quarter.</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>These energy and EV stocks can still benefit from Biden's infrastructure plan, Citi says</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\">\nThese energy and EV stocks can still benefit from Biden's infrastructure plan, Citi says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-15 17:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Critical information for the trading day.\n</blockquote>\n<p>U.S. stocks got off to a mixed start on Monday, after the S&amp;P 500 notched its 28th record high of the year on Friday.</p>\n<p>Investors will be closely watching the Federal Reserve's latest monetary policy decision on Wednesday as well as what Chair Jerome Powell has to say .</p>\n<p>President Joe Biden's infrastructure plans are also in focus, after talks with Senate Republicans over a $1.7 trillion deal collapsed last week. Bipartisan efforts over a compromise are continuing, while a Democratic-only Reconciliation Bill is also seen as an option. Biden has set a summer deadline for Congress to pass his top legislative priority.</p>\n<p>In our call of the day, Citi strategists looked at the prospects for Biden's infrastructure plans and the stocks that are likely to benefit.</p>\n<p>The strategists, led by Edward Morse, said it now looked likely that passable legislation would be below the $1.7 trillion of infrastructure but higher than $1 trillion. The team looked at which areas would still make the cut in terms of spending.</p>\n<p>\"Enhanced policy support for carbon capture, utilization and storage (CCUS) likely survives and would have bipartisan support if a reconciliation process fails,\" they said.</p>\n<p>CCUS involves capturing carbon dioxide from large sources, such as power plants, and storing it to be recycled. It can play an \"important and diverse\" role in meeting global energy and climate goals, according to the International Energy Agency.</p>\n<p>\"The bill could jump-start an industry that could grow to be larger than today's domestic oil-and-gas industry,\" Citi strategists said. That would change the terminal value debate over companies such as Exxon Mobil <a href=\"https://laohu8.com/S/XOM\">$(XOM)$</a>, which has more than 30 years of experience in CCUS, and other established names in the space, including Baker Hughes <a href=\"https://laohu8.com/S/BKR\">$(BKR)$</a>, Schlumberger <a href=\"https://laohu8.com/S/SLB\">$(SLB)$</a>, Chart Industries <a href=\"https://laohu8.com/S/GTLS\">$(GTLS)$</a>, Valero Energy <a href=\"https://laohu8.com/S/VLO\">$(VLO)$</a> and Kinder Morgan <a href=\"https://laohu8.com/S/KMI\">$(KMI)$</a>, they added.</p>\n<p>Renewables adoption is also poised to accelerate, they said, with the demand for clean energy boosted by Biden's agenda on climate change. It could potentially lead to significant investments in existing renewable facilities and building new solar and wind farms.</p>\n<p>\"We think this bodes well for specialty contractors, such as MasTec <a href=\"https://laohu8.com/S/MTZ\">$(MTZ)$</a> and engineering and construction-focused Fluor <a href=\"https://laohu8.com/S/FLR\">$(FLR)$</a> given their expertise in clean energy infrastructure and management, as well as for General Electric <a href=\"https://laohu8.com/S/GE\">$(GE)$</a> given its wind turbine portfolio and related digital offerings,\" they said.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> other long-term themes to watch out for are electric-vehicle infrastructure and green hydrogen, which is produced when renewable energy powers the electrolysis of water -- breaking it into its component elements of hydrogen and oxygen.</p>\n<p>MasTec, Rockwell Automation <a href=\"https://laohu8.com/S/ROK\">$(ROK)$</a>, 3M <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>, Vontier <a href=\"https://laohu8.com/S/VNT\">$(VNT)$</a> and Dover Corp <a href=\"https://laohu8.com/S/DOV\">$(DOV)$</a> are all set to benefit from EV proliferation, while General Electric, Emerson Electric <a href=\"https://laohu8.com/S/EMR\">$(EMR)$</a> and KBR <a href=\"https://laohu8.com/S/KBR\">$(KBR)$</a> can capitalize on the emergence of green hydrogen, they added.</p>\n<p><b>The markets</b></p>\n<p>European stocks climbed to fresh record highs on Monday as inflation fears continued to ease. U.S. stocks were mixed in early trading . The yield on the 10-year Treasury remained anchored below 1.50%.</p>\n<p><b>The tweet</b></p>\n<p>Bitcoin jumped sharply on Sunday Chief Executive Elon Musk said the electric-vehicle company \"only\" sold around 10% of its holdings and would resume allowing transactions using the cryptocurrency when 50% of energy used to mine it comes from clean sources. Bitcoin was trading at $39,507.35 early on Friday and has climbed 11.7% in the past 24 hours, according to CoinDesk.</p>\n<p><b>The buzz</b></p>\n<p>Royal Dutch Shell is reviewing its holdings in the largest oil field in the U.S . -- the Permian Basin, mostly in Texas -- according to reports on Sunday. A sale could raise up to $10 billion, CNBC said.</p>\n<p>U.K. Prime Minister Boris Johnson is expected to confirm a four-week delay to the next planned relaxation of COVID-19 restrictions in England due to the spread of the delta coronavirus variant.</p>\n<p>Leaders of the G-7 (Group of Seven) countries rallied around Biden's call to challenge China over human rights and vowed to donate <a href=\"https://laohu8.com/S/AONE\">one</a> billion COVID-19 vaccine doses to poorer nations over the next year.</p>\n<p>Novavax <a href=\"https://laohu8.com/S/NVAX\">$(NVAX)$</a> reported that a Phase 3 study of its COVID-19 vaccine showed it was 90.4% effective overall . The 29,960-patient study also found that the vaccine provided 100% protection against moderate and severe disease. The biotech intends to file for regulatory authorizations in the third quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KMI":"金德尔摩根"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143735244","content_text":"Critical information for the trading day.\n\nU.S. stocks got off to a mixed start on Monday, after the S&P 500 notched its 28th record high of the year on Friday.\nInvestors will be closely watching the Federal Reserve's latest monetary policy decision on Wednesday as well as what Chair Jerome Powell has to say .\nPresident Joe Biden's infrastructure plans are also in focus, after talks with Senate Republicans over a $1.7 trillion deal collapsed last week. Bipartisan efforts over a compromise are continuing, while a Democratic-only Reconciliation Bill is also seen as an option. Biden has set a summer deadline for Congress to pass his top legislative priority.\nIn our call of the day, Citi strategists looked at the prospects for Biden's infrastructure plans and the stocks that are likely to benefit.\nThe strategists, led by Edward Morse, said it now looked likely that passable legislation would be below the $1.7 trillion of infrastructure but higher than $1 trillion. The team looked at which areas would still make the cut in terms of spending.\n\"Enhanced policy support for carbon capture, utilization and storage (CCUS) likely survives and would have bipartisan support if a reconciliation process fails,\" they said.\nCCUS involves capturing carbon dioxide from large sources, such as power plants, and storing it to be recycled. It can play an \"important and diverse\" role in meeting global energy and climate goals, according to the International Energy Agency.\n\"The bill could jump-start an industry that could grow to be larger than today's domestic oil-and-gas industry,\" Citi strategists said. That would change the terminal value debate over companies such as Exxon Mobil $(XOM)$, which has more than 30 years of experience in CCUS, and other established names in the space, including Baker Hughes $(BKR)$, Schlumberger $(SLB)$, Chart Industries $(GTLS)$, Valero Energy $(VLO)$ and Kinder Morgan $(KMI)$, they added.\nRenewables adoption is also poised to accelerate, they said, with the demand for clean energy boosted by Biden's agenda on climate change. It could potentially lead to significant investments in existing renewable facilities and building new solar and wind farms.\n\"We think this bodes well for specialty contractors, such as MasTec $(MTZ)$ and engineering and construction-focused Fluor $(FLR)$ given their expertise in clean energy infrastructure and management, as well as for General Electric $(GE)$ given its wind turbine portfolio and related digital offerings,\" they said.\nTwo other long-term themes to watch out for are electric-vehicle infrastructure and green hydrogen, which is produced when renewable energy powers the electrolysis of water -- breaking it into its component elements of hydrogen and oxygen.\nMasTec, Rockwell Automation $(ROK)$, 3M $(MMM)$, Vontier $(VNT)$ and Dover Corp $(DOV)$ are all set to benefit from EV proliferation, while General Electric, Emerson Electric $(EMR)$ and KBR $(KBR)$ can capitalize on the emergence of green hydrogen, they added.\nThe markets\nEuropean stocks climbed to fresh record highs on Monday as inflation fears continued to ease. U.S. stocks were mixed in early trading . The yield on the 10-year Treasury remained anchored below 1.50%.\nThe tweet\nBitcoin jumped sharply on Sunday Chief Executive Elon Musk said the electric-vehicle company \"only\" sold around 10% of its holdings and would resume allowing transactions using the cryptocurrency when 50% of energy used to mine it comes from clean sources. Bitcoin was trading at $39,507.35 early on Friday and has climbed 11.7% in the past 24 hours, according to CoinDesk.\nThe buzz\nRoyal Dutch Shell is reviewing its holdings in the largest oil field in the U.S . -- the Permian Basin, mostly in Texas -- according to reports on Sunday. A sale could raise up to $10 billion, CNBC said.\nU.K. Prime Minister Boris Johnson is expected to confirm a four-week delay to the next planned relaxation of COVID-19 restrictions in England due to the spread of the delta coronavirus variant.\nLeaders of the G-7 (Group of Seven) countries rallied around Biden's call to challenge China over human rights and vowed to donate one billion COVID-19 vaccine doses to poorer nations over the next year.\nNovavax $(NVAX)$ reported that a Phase 3 study of its COVID-19 vaccine showed it was 90.4% effective overall . The 29,960-patient study also found that the vaccine provided 100% protection against moderate and severe disease. The biotech intends to file for regulatory authorizations in the third quarter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}