财富小吴 personal page - To The Moon

财富小吴

财富小吴

Never outsmart Mr Market！

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2021-04-04

Comment please

Value Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage

2021-04-06

Comment please Tks

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2021-04-04

Tech stocks volatile

Tesla files a petition against U.S. labor board order

2021-04-04

Comment please

How Likely Is a Stock Market Crash?

2021-03-18

Steady. May the prices goes UP And UP

AMC to reopen almost all its U.S. theaters by March 26

2021-04-15

Like and comment pls

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2021-04-15

GameStop UP UP UP

GameStop stock was up more than 2% after dropping 26.36% amid 7-day losing streak through Tuesday

2021-03-23

So fast down like river downstream ?

Reddit Stocks are plunged again.

2021-03-18

Great news

The Fed Will Wait. That’s a Positive for Stocks and a Departure From the Past.

2021-03-23

Good news!

All three major U.S. stock indexes turned green from red.

2021-03-23

BABA all the way!!! ?

Alibaba: A Value And Growth Stock At Current Prices

2021-04-19

Yes comments pls

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2021-04-08

Comments TQ

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2021-04-06

Great. Comments

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2021-04-05

Can consider to own this stock

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2021-03-31

Great News.

S&P 500 rises slightly as tech shares rebound, investors assess Biden’s infrastructure plan

2021-03-19

Great Info ?

Value stocks are so in favor they’ve become momentum stocks

2021-04-05

Positive News Ahead!

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2021-04-05

Great

Tesla shares surged 6.5% in premarket trading

2021-04-02

Pinduoduo up and away

Pinduoduo rose nearly 9%

Go to Tiger App to see more news

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The House's Veterans Medical Marijuana Safe Harbor Act would temporarily legalize medical cannabis possession for combat veterans.</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>Cannabis stocks bounced back</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\">\nCannabis stocks bounced back\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-19 21:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cannabis stocks bounced back&nbsp;in Monday morning trading.&nbsp;Sundial Growers rose 14%,Aphria,Tilray and Aurora Cannabis rose 4%.</p><p><img src=\"https://static.tigerbbs.com/b998853c7d079e5ad59c879e1e5226fe\" tg-width=\"419\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>Cannabis is in focus this week as the famed weed holiday 4/20 lands on Tuesday.</p><p>Last week federal lawmakers in the U.S. House of Representatives and Senate proposed bipartisan legislation to federally legalize medical cannabis for combat veterans. The House's Veterans Medical Marijuana Safe Harbor Act would temporarily legalize medical cannabis possession for combat veterans.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CGC":"Canopy Growth Corporation","APHA":"Aphria Inc.","MJ":"Amplify Alternative Harvest ETF","SNDL":"SNDL Inc.","TLRY":"Tilray Inc.","ACB":"奥罗拉大麻公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179838734","content_text":"Cannabis stocks bounced back in Monday morning trading. Sundial Growers rose 14%,Aphria,Tilray and Aurora Cannabis rose 4%.Cannabis is in focus this week as the famed weed holiday 4/20 lands on Tuesday.Last week federal lawmakers in the U.S. House of Representatives and Senate proposed bipartisan legislation to federally legalize medical cannabis for combat veterans. The House's Veterans Medical Marijuana Safe Harbor Act would temporarily legalize medical cannabis possession for combat veterans.","news_type":1},"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344408044,"gmtCreate":1618421214788,"gmtModify":1704710660569,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"GameStop UP UP UP","listText":"GameStop UP UP UP","text":"GameStop UP UP UP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344408044","repostId":"1152817730","repostType":4,"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344401470,"gmtCreate":1618421171890,"gmtModify":1704710660244,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/344401470","repostId":"1167332274","repostType":4,"repost":{"id":"1167332274","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618401278,"share":"https://ttm.financial/m/news/1167332274?lang=&edition=fundamental","pubTime":"2021-04-14 19:54","market":"us","language":"en","title":"Wells Fargo EPS beats by $0.33, beats on revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1167332274","media":"Tiger Newspress","summary":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on ","content":"<p>(April 14)&nbsp;Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p>Here’s how the results stacked up to expectations:</p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1&nbsp;net&nbsp;income&nbsp;$4.742&nbsp;bln&nbsp;vs.&nbsp;$0.653&nbsp;bln&nbsp;a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul><p>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p>Wells Fargo&nbsp;Shares&nbsp;dipped&nbsp;0.48%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><b>Consumer Banking and Lending</b></p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><p><b>Commercial Banking</b></p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><p><b>Corporate and Investment Banking</b></p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><p><b>Wealth and Investment Management</b></p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><p><b>Capital</b></p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><p><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release&nbsp;&lt;&lt;&lt;</b></a></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>Wells Fargo EPS beats by $0.33, beats on revenue</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\">\nWells Fargo EPS beats by $0.33, beats on revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-14 19:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 14)&nbsp;Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.</p><p>Here’s how the results stacked up to expectations:</p><ul><li>Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.</li><li>Wells Fargo Q1&nbsp;net&nbsp;income&nbsp;$4.742&nbsp;bln&nbsp;vs.&nbsp;$0.653&nbsp;bln&nbsp;a year ago.</li><li>Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.</li><li>Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.</li><li>Wells Fargo Q1 net interest income down 22% to $8.798 bln.</li><li>Wells Fargo Q1 noninterest income up 45% to $9.625 bln.</li><li>Wells Fargo Q1 home lending up 19%.</li><li>Wells Fargo Q1 markets revenue up 19%.</li></ul><p>Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.</p><p>CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.</p><p>Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.</p><p>Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.</p><p>Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.</p><p>Wells Fargo&nbsp;Shares&nbsp;dipped&nbsp;0.48%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><img src=\"https://static.tigerbbs.com/97c1cb6aa320c8de07841c74b5a5c0b5\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\"><b>Company-wide Financial Summary</b></p><p><img src=\"https://static.tigerbbs.com/a4ee89368a92d2c9be9ee22fd5ff1558\" tg-width=\"919\" tg-height=\"361\" referrerpolicy=\"no-referrer\"><b>Operating Segments and Other Highlights:</b></p><p><b>Consumer Banking and Lending</b></p><ul><li>Average loans of $353.1 billion, down 8%</li><li>Average deposits of $789.4 billion, up 21%</li></ul><p><b>Commercial Banking</b></p><ul><li>Average loans of $183.1 billion, down 19%</li><li>Average deposits of $208.0 billion, up 8%</li></ul><p><b>Corporate and Investment Banking</b></p><ul><li>Average loans of $246.1 billion, down 5%</li><li>Average trading-related assets of $197.4 billion, down 14%</li><li>Average deposits of $194.5 billion, down 27%</li></ul><p><b>Wealth and Investment Management</b></p><ul><li>Total client assets of $2.1 trillion, up 28%</li><li>Average loans of $80.8 billion, up 4%</li><li>Average deposits of $173.7 billion, up 19%</li></ul><p><b>Capital</b></p><ul><li>Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021</li></ul><p><a href=\"https://www.sec.gov/Archives/edgar/data/0000072971/000007297121000206/wfc1qer04-14x21ex991xrelea.htm\" target=\"_blank\"><b>Press Release&nbsp;&lt;&lt;&lt;</b></a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167332274","content_text":"(April 14) Wells Fargoreported earnings and revenue that beat expectations for its first-quarter on Wednesday.Here’s how the results stacked up to expectations:Wells Fargo Q1 revenue $18.063 bln vs. $17.717 bln a year ago; FactSet consensus $17.518 bln.Wells Fargo Q1 net income $4.742 bln vs. $0.653 bln a year ago.Wells Fargo Q1 EPS $1.05 vs. 1 cent a year ago; FactSet consensus 71 cents.Wells Fargo Q1 reduces allowance for loan losses by $1.6 bln.Wells Fargo Q1 net interest income down 22% to $8.798 bln.Wells Fargo Q1 noninterest income up 45% to $9.625 bln.Wells Fargo Q1 home lending up 19%.Wells Fargo Q1 markets revenue up 19%.Wells Fargo results were helped by a net benefit of $1.05 billion from reserve releases.CEO Charlie Scharf, who took over in late 2019, is running a company that is still recovering from the aftermath of its 2016 fake accounts scandal. Analysts will be keen to hear about any progress the bank is making in appeasing regulators, especially regarding a Federal Reserve order that caps the bank’s asset growth.Of the six biggest U.S. banks, Wells Fargo has the smallest Wall Street trading and investment banking operations, areas that have been on fire in recent months thanks to a red-hot IPO market and unprecedented Fed support.Last year, Wells Fargo was the only bank among the six biggest U.S. lenders to be forced to cut its dividend after the annual Federal Reserve stress test. The firm also posted its firstquarterly losssince the financial crisis and announced it was cutting billions of dollars in expenses.Wells Fargo shares have climbed 33% this year, exceeding the 25% gain of the KBW Bank Index.Wells Fargo Shares dipped 0.48% in premarket trading.Company-wide Financial SummaryOperating Segments and Other Highlights:Consumer Banking and LendingAverage loans of $353.1 billion, down 8%Average deposits of $789.4 billion, up 21%Commercial BankingAverage loans of $183.1 billion, down 19%Average deposits of $208.0 billion, up 8%Corporate and Investment BankingAverage loans of $246.1 billion, down 5%Average trading-related assets of $197.4 billion, down 14%Average deposits of $194.5 billion, down 27%Wealth and Investment ManagementTotal client assets of $2.1 trillion, up 28%Average loans of $80.8 billion, up 4%Average deposits of $173.7 billion, up 19%CapitalRepurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021Press Release <<<","news_type":1},"isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341203044,"gmtCreate":1617814028388,"gmtModify":1704703547494,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Comments TQ","listText":"Comments TQ","text":"Comments TQ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341203044","repostId":"2125757547","repostType":4,"repost":{"id":"2125757547","kind":"news","pubTimestamp":1617610742,"share":"https://ttm.financial/m/news/2125757547?lang=&edition=fundamental","pubTime":"2021-04-05 16:19","market":"us","language":"en","title":"FOMC meeting minutes, Powell speaks: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2125757547","media":"Yahoo Finance","summary":"Traders returning from the long holiday weekend will turn their attention to more commentary out of ","content":"<p>Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech from Fed Chair Jerome Powell on deck. Relatively few new economic data reports or corporate earnings results are scheduled for release.</p><p>The FOMC's meeting minutes, due out Wednesday afternoon, will elucidate members' thinking from their March meeting. At the conclusion of that meeting, the central bank's median forecast for economic growth was sharply upwardly revised, reflecting improving growth trends as the trajectory of new COVID-19 infections improved and vaccinations broadened out. The central bank said it expects real GDP to grow 6.5% this year, versus the 4.2% rate it anticipated in December. The Fed also said it sees the unemployment rate improving to 4.5% by year-end before returning to its pre-pandemic level of 3.5% by 2023.</p><p>Despite these improving projections, the Fed still telegraphed that interest rates would likely remain on hold at current near-zero levels through 2023, with the central bank maintaining its ultra-accommodative monetary policy posturing despite a quicker-than-previously-expected economic recovery. Market participants have been wary of this message, with the Fed suggesting a stubborn tilt toward easy monetary policy even in the face of rising inflation. The Fed's latest forecast showed the median member believed core inflation would rise to 2.4% this year, hitting and exceeding the Fed's 2% target two years earlier than previously anticipated.</p><p>Fed Chair Powell said in his mid-March press conference that inflation would need to be \"on track to exceed 2% moderately for some time\" in order for the Fed to consider its inflation goal met and allow for liftoff on rates. However, that assertion has left some room for interpretation by market participants, leading many to speculate the Fed may be pushed to adjust policy sooner than it has recently telegraphed.</p><h2>'Forecast disagreement'</h2><h2></h2><p>According to a recent survey from Deustche Bank, \"The current gap between the market and the Fed is mostly about forecast disagreement. In particular, survey respondents expect that core PCE in the 2.2%-2.3% range in 2022 and 2023 will beget a more hawkish Fed response,\" Deutsche Bank economist Matthew Luzzetti wrote in a note. \"While we learned at the FOMC meeting that 2.1% core PCE [personal consumption expenditures] inflation is not sufficiently high to trigger liftoff, it is still unclear whether inflation rates in the 2.2%-2.3% range — as expected by our survey and market pricing — would be high enough to get the Fed to tighten. This ambiguity is <a href=\"https://laohu8.com/S/AONE\">one</a> drawback of the Fed's flexible average inflation targeting (FAIT) approach which leaves key parameters undefined.\"</p><p>\"If the Fed were to clearly signal that core PCE inflation in the 2.2%-2.3% range for a year or two is consistent with their view of FAIT and would not trigger a tightening of monetary policy, they could impact market pricing,\" he added. \"Conversely, if the FOMC believes they would raise rates in response to these inflation realizations, then the market is currently pricing an appropriate reaction function and it will take some time for a verdict on whether the Fed or market is correct about the persistence of this inflation shock.\"</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e00f01f2ead30a11c8273f332b00d3da\" tg-width=\"6000\" tg-height=\"4000\" referrerpolicy=\"no-referrer\"><span>WASHINGTON, DC - JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on January 29, 2020 in Washington, DC. Chairman Powell announced that the Federal Reserve will not be adjusting interest rates. (Photo by Samuel Corum/Getty Images)Samuel Corum via Getty Images</span></p><p>But while the jury appears to be out among market participants when it comes to the timing of the next rate hike, many agree that the first step toward tightening by the Federal Reserve will likely occur in their crisis-era asset purchase program. Fed Chair Powell said that the central bank would be looking for \"substantial further progress\" — and specifically \"actual progress\" in the data and not \"forecast progress\" — toward the Fed's employment and inflation goals before considering tapering.</p><p>Still, with the latest batch of March economic data exceeding estimates, the Fed may soon begin offering up firmer guidance around its plan for tapering the $120 billion per-month asset purchase program, which was first put into place at the start of the pandemic last year.</p><p>\"Financial conditions should remain quite accommodative for a while, and in our view risks an overshoot,\" Rich Rieder, BlackRock chief investment officer, said in a note. \"We think that the Fed should be able to taper asset purchases sooner than many expect and perhaps by the end of the year, or early next year, which suggests to us that communicating its plan could come as early as the June meeting.\"</p><p>While the forthcoming meeting minutes will not take into account FOMC members' appraisal of the latest batch of economic data, it will offer market participants a sense of whether some members were inclined to look past the first signs of a faster-than-expected economic recovery in dictating the direction of monetary policy.</p><p>That said, Fed Chair Powell's public remarks this coming Thursday will offer a more timely view of the central bank's policy thinking. Powell will be speaking at an International Monetary Fund panel on the global economy Thursday afternoon.</p><p>The discussion will come about a week after the Labor Department's March jobs report, which showed a much better than expected gain of 916,000 non-farm payrolls and a dip in the unemployment rate to 6.0%. Plus, last week's Institute for Supply Management's manufacturing purchasing managers' index unexpectedly jumped to a 37-year high, with some survey participants already citing a rise in commodity prices and a supply and demand mismatch that could exacerbate upward price pressures. Market participants will eye Powell's address to see whether or not these prints shift the needle in the Fed's monetary policy projections.</p><p>\"We expect that as the data come in, the volatility in Fed views will become more pronounced over coming months,\" RBC Capital Markets economists wrote in a note last week.</p><h2>Economic calendar</h2><ul><li><p><b>Monday: </b><a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Services PMI, March Final (60.2 expected, 60.0 in prior print); Markit U.S. Composite PMI, March Final (59.1 in prior print); ISM Services Index, March (58.7 expected, 55.3 in February); Factory Orders, February (-0.5% expected, 2.6% in January); Durable Goods Orders, February Final (-1.1% expected, -1.1% in prior print); Durable Goods Orders excluding transportation, February final (-0.9% expected, -0.9% in prior print); Non-defense capital goods orders excluding aircraft, February final (-0.8% in prior print); Non-defense capital goods shipments excluding aircraft, February final (-1.0% in prior print)</p></li><li><p><b>Tuesday:</b> JOLTS Job Openings, February (6.944 million expected, 6.917 million in prior print)</p></li><li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended April 2 (-2.2% during prior week); Trade Balance, February (-$70.5 billion expected, -$68.2 billion in January); Consumer credit, February ($2.800 billion expected, -$1.315 billion in January) FOMC Meeting Minutes, March Meeting</p></li><li><p><b>Thursday: </b>Initial jobless claims, week ended April 3 (690,000 expected, 719,000 during prior week); Continuing claims, week ended March 27 (3.794 million during prior week)</p></li><li><p><b>Friday:</b> Producer Price Index, month-over-month, March (0.5% expected, 0.5% in February); Producer Price Index excluding food and energy, month-over-month, March (0.2% expected, 0.2% in February); Producer Price Index, year-over-year, March (3.8% expected, 2.5% in February); Producer Price Index excluding food and energy year-over-year, March (2.7% expected, 2.5% in February); Wholesale inventories, month-over-month, February final (0.5% expected, 0.5% in prior print)</p></li></ul><h2>Earnings calendar</h2><ul><li><p><b>Monday: </b>N/A</p></li><li><p><b>Tuesday: </b>N/A</p></li><li><p><b>Wednesday:</b> N/A</p></li><li><p><b>Thursday:</b> Constellation Brands (STZ) before market open</p></li><li><p><b>Friday: </b>N/A</p></li></ul>","source":"yahoofinance_au","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>FOMC meeting minutes, Powell speaks: What to know this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFOMC meeting minutes, Powell speaks: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.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"},"source_url":"https://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125757547","content_text":"Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech from Fed Chair Jerome Powell on deck. Relatively few new economic data reports or corporate earnings results are scheduled for release.The FOMC's meeting minutes, due out Wednesday afternoon, will elucidate members' thinking from their March meeting. At the conclusion of that meeting, the central bank's median forecast for economic growth was sharply upwardly revised, reflecting improving growth trends as the trajectory of new COVID-19 infections improved and vaccinations broadened out. The central bank said it expects real GDP to grow 6.5% this year, versus the 4.2% rate it anticipated in December. The Fed also said it sees the unemployment rate improving to 4.5% by year-end before returning to its pre-pandemic level of 3.5% by 2023.Despite these improving projections, the Fed still telegraphed that interest rates would likely remain on hold at current near-zero levels through 2023, with the central bank maintaining its ultra-accommodative monetary policy posturing despite a quicker-than-previously-expected economic recovery. Market participants have been wary of this message, with the Fed suggesting a stubborn tilt toward easy monetary policy even in the face of rising inflation. The Fed's latest forecast showed the median member believed core inflation would rise to 2.4% this year, hitting and exceeding the Fed's 2% target two years earlier than previously anticipated.Fed Chair Powell said in his mid-March press conference that inflation would need to be \"on track to exceed 2% moderately for some time\" in order for the Fed to consider its inflation goal met and allow for liftoff on rates. However, that assertion has left some room for interpretation by market participants, leading many to speculate the Fed may be pushed to adjust policy sooner than it has recently telegraphed.'Forecast disagreement'According to a recent survey from Deustche Bank, \"The current gap between the market and the Fed is mostly about forecast disagreement. In particular, survey respondents expect that core PCE in the 2.2%-2.3% range in 2022 and 2023 will beget a more hawkish Fed response,\" Deutsche Bank economist Matthew Luzzetti wrote in a note. \"While we learned at the FOMC meeting that 2.1% core PCE [personal consumption expenditures] inflation is not sufficiently high to trigger liftoff, it is still unclear whether inflation rates in the 2.2%-2.3% range — as expected by our survey and market pricing — would be high enough to get the Fed to tighten. This ambiguity is one drawback of the Fed's flexible average inflation targeting (FAIT) approach which leaves key parameters undefined.\"\"If the Fed were to clearly signal that core PCE inflation in the 2.2%-2.3% range for a year or two is consistent with their view of FAIT and would not trigger a tightening of monetary policy, they could impact market pricing,\" he added. \"Conversely, if the FOMC believes they would raise rates in response to these inflation realizations, then the market is currently pricing an appropriate reaction function and it will take some time for a verdict on whether the Fed or market is correct about the persistence of this inflation shock.\"WASHINGTON, DC - JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on January 29, 2020 in Washington, DC. Chairman Powell announced that the Federal Reserve will not be adjusting interest rates. (Photo by Samuel Corum/Getty Images)Samuel Corum via Getty ImagesBut while the jury appears to be out among market participants when it comes to the timing of the next rate hike, many agree that the first step toward tightening by the Federal Reserve will likely occur in their crisis-era asset purchase program. Fed Chair Powell said that the central bank would be looking for \"substantial further progress\" — and specifically \"actual progress\" in the data and not \"forecast progress\" — toward the Fed's employment and inflation goals before considering tapering.Still, with the latest batch of March economic data exceeding estimates, the Fed may soon begin offering up firmer guidance around its plan for tapering the $120 billion per-month asset purchase program, which was first put into place at the start of the pandemic last year.\"Financial conditions should remain quite accommodative for a while, and in our view risks an overshoot,\" Rich Rieder, BlackRock chief investment officer, said in a note. \"We think that the Fed should be able to taper asset purchases sooner than many expect and perhaps by the end of the year, or early next year, which suggests to us that communicating its plan could come as early as the June meeting.\"While the forthcoming meeting minutes will not take into account FOMC members' appraisal of the latest batch of economic data, it will offer market participants a sense of whether some members were inclined to look past the first signs of a faster-than-expected economic recovery in dictating the direction of monetary policy.That said, Fed Chair Powell's public remarks this coming Thursday will offer a more timely view of the central bank's policy thinking. Powell will be speaking at an International Monetary Fund panel on the global economy Thursday afternoon.The discussion will come about a week after the Labor Department's March jobs report, which showed a much better than expected gain of 916,000 non-farm payrolls and a dip in the unemployment rate to 6.0%. Plus, last week's Institute for Supply Management's manufacturing purchasing managers' index unexpectedly jumped to a 37-year high, with some survey participants already citing a rise in commodity prices and a supply and demand mismatch that could exacerbate upward price pressures. Market participants will eye Powell's address to see whether or not these prints shift the needle in the Fed's monetary policy projections.\"We expect that as the data come in, the volatility in Fed views will become more pronounced over coming months,\" RBC Capital Markets economists wrote in a note last week.Economic calendarMonday: Markit U.S. Services PMI, March Final (60.2 expected, 60.0 in prior print); Markit U.S. Composite PMI, March Final (59.1 in prior print); ISM Services Index, March (58.7 expected, 55.3 in February); Factory Orders, February (-0.5% expected, 2.6% in January); Durable Goods Orders, February Final (-1.1% expected, -1.1% in prior print); Durable Goods Orders excluding transportation, February final (-0.9% expected, -0.9% in prior print); Non-defense capital goods orders excluding aircraft, February final (-0.8% in prior print); Non-defense capital goods shipments excluding aircraft, February final (-1.0% in prior print)Tuesday: JOLTS Job Openings, February (6.944 million expected, 6.917 million in prior print)Wednesday: MBA Mortgage Applications, week ended April 2 (-2.2% during prior week); Trade Balance, February (-$70.5 billion expected, -$68.2 billion in January); Consumer credit, February ($2.800 billion expected, -$1.315 billion in January) FOMC Meeting Minutes, March MeetingThursday: Initial jobless claims, week ended April 3 (690,000 expected, 719,000 during prior week); Continuing claims, week ended March 27 (3.794 million during prior week)Friday: Producer Price Index, month-over-month, March (0.5% expected, 0.5% in February); Producer Price Index excluding food and energy, month-over-month, March (0.2% expected, 0.2% in February); Producer Price Index, year-over-year, March (3.8% expected, 2.5% in February); Producer Price Index excluding food and energy year-over-year, March (2.7% expected, 2.5% in February); Wholesale inventories, month-over-month, February final (0.5% expected, 0.5% in prior print)Earnings calendarMonday: N/ATuesday: N/AWednesday: N/AThursday: Constellation Brands (STZ) before market openFriday: N/A","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343666336,"gmtCreate":1617714156625,"gmtModify":1704702107611,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great. Comments&nbsp;","listText":"Great. Comments&nbsp;","text":"Great. Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343666336","repostId":"1136891234","repostType":4,"repost":{"id":"1136891234","kind":"news","pubTimestamp":1617700048,"share":"https://ttm.financial/m/news/1136891234?lang=&edition=fundamental","pubTime":"2021-04-06 17:07","market":"us","language":"en","title":"The 7 Best Blue-Chip Stocks in the Dow Jones","url":"https://stock-news.laohu8.com/highlight/detail?id=1136891234","media":"investorplace","summary":"Blue-chip stocksare typically cornerstones of most long-term portfolios. They’re large capitalizatio","content":"<p>Blue-chip stocksare typically cornerstones of most long-term portfolios. They’re large capitalization businesses with relatively long histories, a broad range of resources, strong brands, stable earnings and cash-flow growth. These businesses benefit from economies of scale and can quickly invest in new technologies. The 30 stocks included in the<b>Dow Jones Industrial Average (DJIA)</b>are blue-chip stocks. So, today I’m introducing you to seven DJIA blue-chip names that could work for buy-and-hold investors.</p><p>The companies in the DJIA represent a wide range of industries. Following the market lows seen in spring 2020, they have also rebounded significantly. In fact, the broad-based market rally since November has taken the index to new highs in recent days. Year-to-date (YTD), the index is up over 8%. Similarly, the<b>SPDR Dow Jones Industrial Average ETF Trust</b>(NYSEARCA:<b><u>DIA</u></b>) — an exchange-traded fund (ETF) that tracks the returns of the DJIA — has also returned over 8%.</p><p>April means the start of a new earnings season, which typically brings increased volatility to broader markets. Are you worried that further choppiness may put pressure on many stocks that have gone up double digits in the past 52 weeks? Then it may be time to look for solid blue-chip stocks that could brave possible further headwinds in second quarter.</p><p>With that background in mind, here are seven of the best blue-chip stocks in the Dow Jones. I believe these names have strong business models, clean balance sheets, proactive management and strong competitive positions. They should create shareholder value for many quarters to come:</p><ul><li><b>American Express</b>(NYSE:<b><u>AXP</u></b>)</li><li><b>Intel</b>&nbsp;(NASDAQ:<b><u>INTC</u></b>)</li><li><b>Merck</b>&nbsp;(NYSE:<b><u>MRK</u></b>)</li><li><b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>)</li><li><b>Procter &amp; Gamble</b>&nbsp;(NYSE:<b><u>PG</u></b>)</li><li><b>Salesforce</b>&nbsp;(NYSE:<b><u>CRM</u></b>)</li><li><b>Verizon Communications</b>(NYSE:<b><u>VZ</u></b>)</li></ul><p><b>Blue-Chip Stocks to Buy:American Express</b>(AXP)<img src=\"https://static.tigerbbs.com/b9595e1347a4b76735ec781245782978\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: First Class Photography / Shutterstock.com</p><p><b>52-week range:</b>$72.61 – $151.46</p><p><b>One-year change:</b>Up about 86%</p><p><b>Dividend yield:</b>1.19%</p><p>First up on this list of blue-chip stocks, American Express offers charge and credit payment card products as well as travel-related services across the globe. With significant exposure to the travel and leisure sectors, though, sales have been negatively affected over the past year.</p><p>The company released Q4 and full-yearmetricsback in late January.Revenue for the quarter was $9.35 billion, down 18% year-over-year (YOY). That also showed little improvement from Q3.Net income also came to $1.43 billion, meaning a decline of 15%. Diluted earnings per share (EPS) was $1.76, a decrease of 13%. However, EPS is expected to be between $5 and $7 in 2021. That would mean a partial recovery from the Covid-19-related decline seen in 2020.CEO Stephen Squeri noted:</p><blockquote>“While we remain cautious about the pace of recovery, we are focused on achieving our aspiration of being back to the original EPS expectations we had for 2020 in 2022, and for the company to be positioned to execute on its financial growth algorithm.”</blockquote><p>Currently, AXP stock’s forward price-earnings (P/E) and price-sales (P/S) ratios are 22.4 and 2.93, respectively. With expected increases in travel spending in the coming months, the company’s revenues will possibly improve during the year. However, given the upcoming earnings release in late April, shares could be volatile. A potential decline toward the $135-level would offer better value.</p><p><b>Intel (INTC)</b><img src=\"https://static.tigerbbs.com/cc1619087be2b53dad8d6010b1d8d48c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Sundry Photography / Shutterstock.com</p><p><b>52-week range:</b>$43.61 – $67.44</p><p><b>One-year change:</b>Up about 24%</p><p><b>Dividend yield:</b>2.15%</p><p>Intel is one of the largest chipmakers in the world. Its products range from personal computing to data-center applications and it delivers computer, networking, data storage and communications platforms. In fact, Intel is one of the most important providers of central processing units (CPUs) for laptops, desktops and servers.</p><p>What’s more, recently Intel has been in focus, thanks to an increase in the share price following the announcement that Pat Gelsinger would bethe new CEO. Over the past several years, the performance of INTC stock has lagged behind the semiconductor sector. Now, though, the company istaking stepsto enter the foundry business. The Street seems to approve of these plans.</p><p>In late January, IntelannouncedQ4 and full-year metrics. Quarterly revenue was $20 billion, down just 1% YOY. Non-GAAP net income was $6.2 billion, down 6% YOY. Furthermore, EPS was flat at $1.52 on a non-GAAP basis. In 2020, the group also generated a record $35.4 billion cash from operations and $21.1 billion of free cash flow during the quarter. Bob Swan, Intel’s CEO at the time, noted:</p><blockquote>“We significantly exceeded our expectations for the quarter, capping off our fifth consecutive record year […] Demand for the computing performance Intel delivers remains very strong and our focus on growth opportunities is paying off […] Intel is in a strong strategic and financial position as we make this leadership transition and take Intel to the next level.”</blockquote><p>This pick of the blue-chip stocks has forward P/E and P/S ratios of 14.01 and 3.60, respectively. I believe the chipmaker deserves to be on your radar screen. However, a potential decline closer to $60 would improve the margin of safety.</p><p><b>Merck (MRK)</b><img src=\"https://static.tigerbbs.com/4366746471726e9a7a8279b6e6d3d2a0\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Atmosphere1 / Shutterstock.com</p><p><b>52-week range:</b>$71.72 – $87.80</p><p><b>One-year change:</b>Up about 4.5%</p><p><b>Dividend yield:</b>3.37%</p><p>Next up on this list of blue-chip stocks, pharma giant Merck develops leading treatments against cancer and infectious diseases. The company’s research and products also extend to animal health.Keytruda, an antibody used in cancer immunotherapy, is one of the leading sources of revenue for the company.</p><p>In early February, MerckreleasedQ4 and full-year results. Worldwide sales during the quarter were $12.5 billion, up 5% YOY. Non-GAAP EPS was $1.32 for the quarter. Further, worldwide revenue for the fiscal year rose 2% YOY to $48 billion, while full-year non-GAAP EPS was $5.94. Management expects full-year 2021 sales between $51.8 billion and $53.8 billion as well as non-GAAP EPS between $6.48 and $6.68. On the results,CEO Kenneth Frazier commented:</p><blockquote>“Our scientists continue to advance our internal pipeline of promising medicines and vaccines, including in oncology, HIV, and pneumococcal disease, and, more recently, therapeutics for COVID-19. These pipeline developments provide us with increasing line-of-sight to significant potential growth drivers later this decade and into the next.”</blockquote><p>Merck’s forward P/E and P/S ratios are 11.84 and 3.74, respectively. This name is well-known as a reliable dividend company that also buys back shares. So, any decline in MRK stock during the upcoming earnings season would make it a strong candidate for dividend growth and passive income portfolios.</p><p><b>Microsoft (MSFT)</b><img src=\"https://static.tigerbbs.com/8c8ae3a283aced0d27221350983b1b84\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: rafapress / Shutterstock.com</p><p><b>52-week range:</b>$152.19 – $246.13</p><p><b>One-year change:</b>Up about 59%</p><p><b>Dividend yield:</b>0.92%</p><p>Tech darling Microsoft needs little introduction on this list of blue-chip stocks. The firm is best known for its Windows operating systems and Office productivity suite. Recent years have seen operations also extend to its cloud-based Microsoft Azure, which now competes with<b>Amazon’s</b>(NASDAQ:<b><u>AMZN</u></b>)Amazon Web Services(AWS). Generally over the past year, MSFT shares have benefited greatly from the digitalization trend.</p><p>Microsoft announcedQ2 2021results at the end of January. Revenue was up by 17% YOY and came at $43.1 billion. The biggest revenue driver was the company’s Intelligent Cloud segment, with a 23% YOY increase. Additionally, net income increased 33% and reached $15.5 billion. Diluted EPS also jumped by 34% to $2.03. Finally, total cash and equivalents at the end of period stood at $132 billion. Amy Hood, CFO of Microsoft, commented on theearnings call:</p><blockquote>“[F]or FY21, with our strong performance in the first half of the fiscal year and our outlook for Q3, we expect to deliver another full year of double-digit revenue and operating income growth, as well as healthy operating margin expansion even after excluding the impact of the change in accounting estimate and COVID-related savings.”</blockquote><p>Management expects as much as $13.6 billion in revenue from the Productivity and Business processes segment in Q3. For the Intelligent Cloud segment, top line is estimated to be between $14.7 billion and $14.95 billion. Finally, the Personal Computing segment is anticipated to see $12.3 billion to $12.7 billion in revenue.</p><p>Right now, shares of MSFT stock are trading at a forward P/E of 32.88 and P/S of 11.16. Moving forward, analysts expect the company to become a leading name in artificial intelligence (AI) as well the Internet of Things (IoT). However, a potential decline toward $225 would improve the risk-return profile here.</p><p><b>Procter &amp; Gamble (PG)</b><img src=\"https://static.tigerbbs.com/45b53b66fab3681f2a637f3ddc511631\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: monticello / Shutterstock.com</p><p><b>52-week range:</b>$111.25 – $146.92</p><p><b>One-year change:</b>Up about 23%</p><p><b>Dividend yield:</b>2.36%</p><p>Procter &amp; Gamble is one of the most important consumer goods manufacturers worldwide. Billions of global citizens use its brands, including Ariel, Crest, Dawn, Gillette, Pampers, Tide and more. Altogether, the company has a strong market share both stateside and globally. Plus, the pandemic has meant increased sales for many of its household products.</p><p>Over the past several years, PG’s management has focused on making the company a leaner organization,narrowing its offeringto approximately 70 to 80 brands. As a result, organic growth has been stable. These restructuring efforts have also led to significant cost-cutting.</p><p>Like other blue-chip stocks on this list, this company announced fiscal year 2021 Q2resultsin late January. Net sales of $19.7 billion meant an increase of 8% YOY. Net earnings were $3.8 billion, up 4% YOY. Diluted net EPS was $1.47, also up 4%. Finally, free cash flow as of Dec. 31, 2020 was roughly $4.9 billion. Altogether, PG came out of 2020 with strong financials. President and CEO David Taylor noted:</p><blockquote>“We remain focused on executing our strategies of superiority, productivity, constructive disruption and improving P&amp;G’s organization and culture. These strategies enabled us to build strong business momentum before the COVID crisis, accelerated our progress in calendar year 2020 and remain the right strategies to deliver balanced growth and value creation over the long term.”</blockquote><p>However, PG stock’s forward P/E and P/S ratios of 23.60 and 4.38 point to an overstretched valuation level. So, interested investors might want to wait for the next quarterly results and a potential pullback toward $125. With a wide moat and dividend-aristocrat status, though, PG stock should appeal to a range of passive income seekers.</p><p><b>Salesforce (CRM)</b><img src=\"https://static.tigerbbs.com/985e4bb672af15b6221e22eb5273468c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Bjorn Bakstad / Shutterstock.com</p><p><b>52-week range:</b>$131.66 – $284.50</p><p><b>One-year change:</b>Up about 63%</p><p><b>Dividend yield:</b>N/A</p><p>Our next pick of the blue-chip stocks,Salesforcewas added to the DJIA back in August 2020. This group provides customer relationship management (CRM) enterprise products. Its well-known platform includes marketing and sales automation, customer service, digital commerce, analytics and collaborative productivity tools. What’s more, the company has been increasingly focused on cloud-based offerings.</p><p>Salesforce announcedQ4 and full-year resultsback in February. Quarterly revenue was $5.82 billion, up 20% YOY. Non-GAAP diluted earnings per share was $1.04. Cash from operations for the quarter was also up 33%, at $2.17 billion. Total cash and equivalents came at $11.97 billion.</p><p>Furthermore, management raised its first-quarter fiscal 2022 revenue guidance to between roughly $5.88 billion and $5.89 billion, which would be growth of about 21%. On the results, CEO Marc Benioff noted: “We had a record quarter and year by innovating more and faster than ever, enabling our customers to be successful from anywhere, and becoming more relevant and strategic than ever.”</p><p>CRM stock’s forward P/E and P/S ratios are 63.58 and 7.82, respectively, pointing to an overextended valuation. Investors have recently started to rotate away from technology stocks. Therefore, a potential decline below $200 is possible in the coming weeks. Personally, CRM is on my strong wish list in Q2. As one of the largest software-as-a-service (SAAS) businesses, it has a bright future for the next decade.</p><p><b>Verizon</b>(VZ)<img src=\"https://static.tigerbbs.com/930396687631bfd6e5b05cb01bc87841\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Michael Vi / Shutterstock.com</p><p><b>52-week range:</b>$52.85- $61.95</p><p><b>One-year change:</b>Up about 10%</p><p><b>Dividend yield:</b>4.31%</p><p>Our last entry on this list of blue-chip stocks, Verizon is an important telecommunications group for the ongoing digitalization trend in the United States. It provides provides products and services in tech, communications, information and entertainment. It is also becoming asignificant player in 5G. With its voice, data and video services, the company generated revenues of $128.3 billion in 2020.</p><p>Verizon announced Q4 and full-yearresultsin late January. Quarterly revenue was $34.7 billion, down fractionally YOY.Net income was $4.7 billion, which was down 9.6%.Adjusted EPS was $1.21, too. Finally, the companyended 2020 with free cash flow of $23.6 billion, an increase of about 32% YOY.CEO Hans Vestberg commented:</p><blockquote>“[Verizon] witnessed a mass shift toward virtual collaboration, touchless retail and delivery, remote work, distance learning, and telemedicine […] We continued to execute our multi-use network strategy; we were recognized by RootMetrics as the best overall wireless provider, undefeated in all categories; and we continue to be the partner of choice for the world’s most innovative brands. Today, we are excited to lead technological advances beyond mobile devices, and create new opportunities for growth across multiple industries.”</blockquote><p>VZ stock currently has forward P/E and P/S ratios of 11.49 and 1.81, respectively. All in all, 2020 became the year when consumers needed faster networks. Verizon succeeded in offering that. As a result, it has a dependable stream of revenue and cash — both crucial qualities in a dividend player.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The 7 Best Blue-Chip Stocks in the Dow Jones</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 7 Best Blue-Chip Stocks in the Dow Jones\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 17:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/blue-chip-stocks-seven-best-dow-jones/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blue-chip stocksare typically cornerstones of most long-term portfolios. They’re large capitalization businesses with relatively long histories, a broad range of resources, strong brands, stable ...</p>\n\n<a href=\"https://investorplace.com/2021/04/blue-chip-stocks-seven-best-dow-jones/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时","AXP":"美国运通","VZ":"威瑞森","MRK":"默沙东","PG":"宝洁","INTC":"英特尔","MSFT":"微软"},"source_url":"https://investorplace.com/2021/04/blue-chip-stocks-seven-best-dow-jones/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136891234","content_text":"Blue-chip stocksare typically cornerstones of most long-term portfolios. They’re large capitalization businesses with relatively long histories, a broad range of resources, strong brands, stable earnings and cash-flow growth. These businesses benefit from economies of scale and can quickly invest in new technologies. The 30 stocks included in theDow Jones Industrial Average (DJIA)are blue-chip stocks. So, today I’m introducing you to seven DJIA blue-chip names that could work for buy-and-hold investors.The companies in the DJIA represent a wide range of industries. Following the market lows seen in spring 2020, they have also rebounded significantly. In fact, the broad-based market rally since November has taken the index to new highs in recent days. Year-to-date (YTD), the index is up over 8%. Similarly, theSPDR Dow Jones Industrial Average ETF Trust(NYSEARCA:DIA) — an exchange-traded fund (ETF) that tracks the returns of the DJIA — has also returned over 8%.April means the start of a new earnings season, which typically brings increased volatility to broader markets. Are you worried that further choppiness may put pressure on many stocks that have gone up double digits in the past 52 weeks? Then it may be time to look for solid blue-chip stocks that could brave possible further headwinds in second quarter.With that background in mind, here are seven of the best blue-chip stocks in the Dow Jones. I believe these names have strong business models, clean balance sheets, proactive management and strong competitive positions. They should create shareholder value for many quarters to come:American Express(NYSE:AXP)Intel (NASDAQ:INTC)Merck (NYSE:MRK)Microsoft(NASDAQ:MSFT)Procter & Gamble (NYSE:PG)Salesforce (NYSE:CRM)Verizon Communications(NYSE:VZ)Blue-Chip Stocks to Buy:American Express(AXP)Source: First Class Photography / Shutterstock.com52-week range:$72.61 – $151.46One-year change:Up about 86%Dividend yield:1.19%First up on this list of blue-chip stocks, American Express offers charge and credit payment card products as well as travel-related services across the globe. With significant exposure to the travel and leisure sectors, though, sales have been negatively affected over the past year.The company released Q4 and full-yearmetricsback in late January.Revenue for the quarter was $9.35 billion, down 18% year-over-year (YOY). That also showed little improvement from Q3.Net income also came to $1.43 billion, meaning a decline of 15%. Diluted earnings per share (EPS) was $1.76, a decrease of 13%. However, EPS is expected to be between $5 and $7 in 2021. That would mean a partial recovery from the Covid-19-related decline seen in 2020.CEO Stephen Squeri noted:“While we remain cautious about the pace of recovery, we are focused on achieving our aspiration of being back to the original EPS expectations we had for 2020 in 2022, and for the company to be positioned to execute on its financial growth algorithm.”Currently, AXP stock’s forward price-earnings (P/E) and price-sales (P/S) ratios are 22.4 and 2.93, respectively. With expected increases in travel spending in the coming months, the company’s revenues will possibly improve during the year. However, given the upcoming earnings release in late April, shares could be volatile. A potential decline toward the $135-level would offer better value.Intel (INTC)Source: Sundry Photography / Shutterstock.com52-week range:$43.61 – $67.44One-year change:Up about 24%Dividend yield:2.15%Intel is one of the largest chipmakers in the world. Its products range from personal computing to data-center applications and it delivers computer, networking, data storage and communications platforms. In fact, Intel is one of the most important providers of central processing units (CPUs) for laptops, desktops and servers.What’s more, recently Intel has been in focus, thanks to an increase in the share price following the announcement that Pat Gelsinger would bethe new CEO. Over the past several years, the performance of INTC stock has lagged behind the semiconductor sector. Now, though, the company istaking stepsto enter the foundry business. The Street seems to approve of these plans.In late January, IntelannouncedQ4 and full-year metrics. Quarterly revenue was $20 billion, down just 1% YOY. Non-GAAP net income was $6.2 billion, down 6% YOY. Furthermore, EPS was flat at $1.52 on a non-GAAP basis. In 2020, the group also generated a record $35.4 billion cash from operations and $21.1 billion of free cash flow during the quarter. Bob Swan, Intel’s CEO at the time, noted:“We significantly exceeded our expectations for the quarter, capping off our fifth consecutive record year […] Demand for the computing performance Intel delivers remains very strong and our focus on growth opportunities is paying off […] Intel is in a strong strategic and financial position as we make this leadership transition and take Intel to the next level.”This pick of the blue-chip stocks has forward P/E and P/S ratios of 14.01 and 3.60, respectively. I believe the chipmaker deserves to be on your radar screen. However, a potential decline closer to $60 would improve the margin of safety.Merck (MRK)Source: Atmosphere1 / Shutterstock.com52-week range:$71.72 – $87.80One-year change:Up about 4.5%Dividend yield:3.37%Next up on this list of blue-chip stocks, pharma giant Merck develops leading treatments against cancer and infectious diseases. The company’s research and products also extend to animal health.Keytruda, an antibody used in cancer immunotherapy, is one of the leading sources of revenue for the company.In early February, MerckreleasedQ4 and full-year results. Worldwide sales during the quarter were $12.5 billion, up 5% YOY. Non-GAAP EPS was $1.32 for the quarter. Further, worldwide revenue for the fiscal year rose 2% YOY to $48 billion, while full-year non-GAAP EPS was $5.94. Management expects full-year 2021 sales between $51.8 billion and $53.8 billion as well as non-GAAP EPS between $6.48 and $6.68. On the results,CEO Kenneth Frazier commented:“Our scientists continue to advance our internal pipeline of promising medicines and vaccines, including in oncology, HIV, and pneumococcal disease, and, more recently, therapeutics for COVID-19. These pipeline developments provide us with increasing line-of-sight to significant potential growth drivers later this decade and into the next.”Merck’s forward P/E and P/S ratios are 11.84 and 3.74, respectively. This name is well-known as a reliable dividend company that also buys back shares. So, any decline in MRK stock during the upcoming earnings season would make it a strong candidate for dividend growth and passive income portfolios.Microsoft (MSFT)Source: rafapress / Shutterstock.com52-week range:$152.19 – $246.13One-year change:Up about 59%Dividend yield:0.92%Tech darling Microsoft needs little introduction on this list of blue-chip stocks. The firm is best known for its Windows operating systems and Office productivity suite. Recent years have seen operations also extend to its cloud-based Microsoft Azure, which now competes withAmazon’s(NASDAQ:AMZN)Amazon Web Services(AWS). Generally over the past year, MSFT shares have benefited greatly from the digitalization trend.Microsoft announcedQ2 2021results at the end of January. Revenue was up by 17% YOY and came at $43.1 billion. The biggest revenue driver was the company’s Intelligent Cloud segment, with a 23% YOY increase. Additionally, net income increased 33% and reached $15.5 billion. Diluted EPS also jumped by 34% to $2.03. Finally, total cash and equivalents at the end of period stood at $132 billion. Amy Hood, CFO of Microsoft, commented on theearnings call:“[F]or FY21, with our strong performance in the first half of the fiscal year and our outlook for Q3, we expect to deliver another full year of double-digit revenue and operating income growth, as well as healthy operating margin expansion even after excluding the impact of the change in accounting estimate and COVID-related savings.”Management expects as much as $13.6 billion in revenue from the Productivity and Business processes segment in Q3. For the Intelligent Cloud segment, top line is estimated to be between $14.7 billion and $14.95 billion. Finally, the Personal Computing segment is anticipated to see $12.3 billion to $12.7 billion in revenue.Right now, shares of MSFT stock are trading at a forward P/E of 32.88 and P/S of 11.16. Moving forward, analysts expect the company to become a leading name in artificial intelligence (AI) as well the Internet of Things (IoT). However, a potential decline toward $225 would improve the risk-return profile here.Procter & Gamble (PG)Source: monticello / Shutterstock.com52-week range:$111.25 – $146.92One-year change:Up about 23%Dividend yield:2.36%Procter & Gamble is one of the most important consumer goods manufacturers worldwide. Billions of global citizens use its brands, including Ariel, Crest, Dawn, Gillette, Pampers, Tide and more. Altogether, the company has a strong market share both stateside and globally. Plus, the pandemic has meant increased sales for many of its household products.Over the past several years, PG’s management has focused on making the company a leaner organization,narrowing its offeringto approximately 70 to 80 brands. As a result, organic growth has been stable. These restructuring efforts have also led to significant cost-cutting.Like other blue-chip stocks on this list, this company announced fiscal year 2021 Q2resultsin late January. Net sales of $19.7 billion meant an increase of 8% YOY. Net earnings were $3.8 billion, up 4% YOY. Diluted net EPS was $1.47, also up 4%. Finally, free cash flow as of Dec. 31, 2020 was roughly $4.9 billion. Altogether, PG came out of 2020 with strong financials. President and CEO David Taylor noted:“We remain focused on executing our strategies of superiority, productivity, constructive disruption and improving P&G’s organization and culture. These strategies enabled us to build strong business momentum before the COVID crisis, accelerated our progress in calendar year 2020 and remain the right strategies to deliver balanced growth and value creation over the long term.”However, PG stock’s forward P/E and P/S ratios of 23.60 and 4.38 point to an overstretched valuation level. So, interested investors might want to wait for the next quarterly results and a potential pullback toward $125. With a wide moat and dividend-aristocrat status, though, PG stock should appeal to a range of passive income seekers.Salesforce (CRM)Source: Bjorn Bakstad / Shutterstock.com52-week range:$131.66 – $284.50One-year change:Up about 63%Dividend yield:N/AOur next pick of the blue-chip stocks,Salesforcewas added to the DJIA back in August 2020. This group provides customer relationship management (CRM) enterprise products. Its well-known platform includes marketing and sales automation, customer service, digital commerce, analytics and collaborative productivity tools. What’s more, the company has been increasingly focused on cloud-based offerings.Salesforce announcedQ4 and full-year resultsback in February. Quarterly revenue was $5.82 billion, up 20% YOY. Non-GAAP diluted earnings per share was $1.04. Cash from operations for the quarter was also up 33%, at $2.17 billion. Total cash and equivalents came at $11.97 billion.Furthermore, management raised its first-quarter fiscal 2022 revenue guidance to between roughly $5.88 billion and $5.89 billion, which would be growth of about 21%. On the results, CEO Marc Benioff noted: “We had a record quarter and year by innovating more and faster than ever, enabling our customers to be successful from anywhere, and becoming more relevant and strategic than ever.”CRM stock’s forward P/E and P/S ratios are 63.58 and 7.82, respectively, pointing to an overextended valuation. Investors have recently started to rotate away from technology stocks. Therefore, a potential decline below $200 is possible in the coming weeks. Personally, CRM is on my strong wish list in Q2. As one of the largest software-as-a-service (SAAS) businesses, it has a bright future for the next decade.Verizon(VZ)Source: Michael Vi / Shutterstock.com52-week range:$52.85- $61.95One-year change:Up about 10%Dividend yield:4.31%Our last entry on this list of blue-chip stocks, Verizon is an important telecommunications group for the ongoing digitalization trend in the United States. It provides provides products and services in tech, communications, information and entertainment. It is also becoming asignificant player in 5G. With its voice, data and video services, the company generated revenues of $128.3 billion in 2020.Verizon announced Q4 and full-yearresultsin late January. Quarterly revenue was $34.7 billion, down fractionally YOY.Net income was $4.7 billion, which was down 9.6%.Adjusted EPS was $1.21, too. Finally, the companyended 2020 with free cash flow of $23.6 billion, an increase of about 32% YOY.CEO Hans Vestberg commented:“[Verizon] witnessed a mass shift toward virtual collaboration, touchless retail and delivery, remote work, distance learning, and telemedicine […] We continued to execute our multi-use network strategy; we were recognized by RootMetrics as the best overall wireless provider, undefeated in all categories; and we continue to be the partner of choice for the world’s most innovative brands. Today, we are excited to lead technological advances beyond mobile devices, and create new opportunities for growth across multiple industries.”VZ stock currently has forward P/E and P/S ratios of 11.49 and 1.81, respectively. All in all, 2020 became the year when consumers needed faster networks. Verizon succeeded in offering that. As a result, it has a dependable stream of revenue and cash — both crucial qualities in a dividend player.","news_type":1},"isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343666079,"gmtCreate":1617714130891,"gmtModify":1704702107450,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Comment please Tks&nbsp;","listText":"Comment please Tks&nbsp;","text":"Comment please Tks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/343666079","repostId":"1172538226","repostType":4,"repost":{"id":"1172538226","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617711921,"share":"https://ttm.financial/m/news/1172538226?lang=&edition=fundamental","pubTime":"2021-04-06 20:25","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1172538226","media":"Tiger Newspress","summary":"Futures ease after record rally on brightening economic outlookArchegos-linked stocks fall after Cre","content":"<ul><li>Futures ease after record rally on brightening economic outlook</li></ul><ul><li>Archegos-linked stocks fall after Credit Suisse block trades</li></ul><p>U.S. stock index futures fell on Tuesday as investors locked in some gains after the S&amp;P 500 and the Dow closed at record highs on renewed recovery hopes.</p><p>At 8:05 a.m. ET, Dow E-minis were down 26 points, or 0.08%, S&amp;P 500 E-minis were down 6 points, or 0.15% and Nasdaq 100 E-minis were down 20.50 points, or 0.15%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7bc9ef717aa9361c82cc187dde23141\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p>ViacomCBS Inc.&nbsp;fell in premarket trading&nbsp;along with other stocks linked to the Archegos Capital Management implosion after Credit Suisse Group AG took a 4.4 billion franc ($4.7 billion)&nbsp;writedown&nbsp;and was said to have unloaded more than $2 billion in block trades. The dollar edged higher and Treasury yields were steady. European stocks, meanwhile, rose to a&nbsp;record&nbsp;as markets reopened after Monday’s holiday across the region.</p><p>Progress in President Joe Biden’s new infrastructure proposal and the start of the earnings season in the coming weeks could dictate the course of stock markets, analysts said.</p><p>Later in the day, investors will turn to a reading of U.S. job openings for February. The data follows blowout employment as well as service sector reports for March.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>Illumina&nbsp;(ILMN)</b> – Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst estimates. The life sciences company said its projected results are being driven by record orders in its gene-sequencing and related businesses. Illumina jumped 9.2% in premarket action.</p><p><b>Snap&nbsp;(SNAP) </b>– Snap shares gained 2.7% in premarket action following an upgrade at Atlantic Equities, which now rates the Snapchat parent’s stock at “overweight” vs. the prior “neutral.” The firm cites valuation as a key factor, as well as Snap’s transformation from a messaging-centric platform to a broad content platform.</p><p><b>Tesla&nbsp;(TSLA) </b>– Tesla stock is only worth $150 per share, according to Roth Capital senior research analyst Craig Irwin. Irwin called Tesla only a “minor player” in the U.S. and European markets, telling CNBC that people wrongly assume that Tesla has no competition.</p><p><b>GameStop&nbsp;(GME)</b> – The videogame retailer’s stock is up 1.4% in premarket trading after a volatile session Monday following news that GameStop planned to issue up to 3.5 million shares.</p><p><b>Niu Technologies&nbsp;(NIU) </b>– The Beijing-based company reported sales of 149,649 e-scooter sales during its first quarter, compared to 40,160 in the year-ago quarter. Niu Technologies shares rose 1.8% in premarket trading.</p><p><b>Credit Suisse&nbsp;(CS) </b>– The bank&nbsp;will take a $4.7 billion hit&nbsp;from its dealings with hedge fund Archegos Capital Management, and has announced the departure of Chief Risk Officer Lara Warner and investment banking head Brian Chin. Credit Suisse also launched an investigation into the Archegos-related losses.</p><p><b>Property Solutions Acquisition Corp&nbsp;(PSAC)&nbsp;</b>–&nbsp;Blank check company PSAC surged 11.6% in premarket trading&nbsp;after&nbsp;Faraday Future(FF) submitting the listing documents to the&nbsp;SEC and planning&nbsp;to&nbsp;land on NASDAQ as soon as May.</p><p><b>Moderna&nbsp;(MRNA) </b>– Moderna struck an agreement with contract manufacturer&nbsp;Catalent(CTLT) to nearly double output of Moderna’s Covid-19 vaccine at Catalent’s Bloomington, Indiana, plant, according to The Wall Street Journal.</p><p><b>Square (SQ)&nbsp;</b>–&nbsp;Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated.The stock&nbsp;rose 0.2%&nbsp;in the premarket.</p><p><b>Cara Therapeutics&nbsp;(CARA)</b> – Cara Therapeutics shares surged 11.7% premarket following news that the biopharmaceutical company’s stock will be added to the S&amp;P SmallCap 600 index, effective on Wednesday.</p><p><b>Phillips 66&nbsp;(PSX) </b>– The energy producer said it will report a larger-than-expected first-quarter loss, stemming from the severe winter weather in central and southern U.S. states that crippled its Gulf Coast petrochemical operations. Phillips fell 1.3% in premarket trading.</p><p><b>Southwest Airlines&nbsp;(LUV) </b>- Southwest recalled 209 pilots from voluntary leave, with plans to return them to active duty on June 1. The move comes in anticipation of a summer rebound in travel demand.</p><p><b>BlackRock&nbsp;(BLK) </b>– Credit Suisse named the asset management firm a “top pick,” saying it expects “robust organic growth” from BlackRock stemming from an attractive business mix.</p><p><b>Signet Jewelers&nbsp;(SIG) </b>– The jewelry retailer announced a deal to buy jewelry subscription services Rocksbox for an undisclosed amount.</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>Toplines Before US Market Open on Tuesday</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\">\nToplines Before US Market Open on Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-06 20:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Futures ease after record rally on brightening economic outlook</li></ul><ul><li>Archegos-linked stocks fall after Credit Suisse block trades</li></ul><p>U.S. stock index futures fell on Tuesday as investors locked in some gains after the S&amp;P 500 and the Dow closed at record highs on renewed recovery hopes.</p><p>At 8:05 a.m. ET, Dow E-minis were down 26 points, or 0.08%, S&amp;P 500 E-minis were down 6 points, or 0.15% and Nasdaq 100 E-minis were down 20.50 points, or 0.15%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7bc9ef717aa9361c82cc187dde23141\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p>ViacomCBS Inc.&nbsp;fell in premarket trading&nbsp;along with other stocks linked to the Archegos Capital Management implosion after Credit Suisse Group AG took a 4.4 billion franc ($4.7 billion)&nbsp;writedown&nbsp;and was said to have unloaded more than $2 billion in block trades. The dollar edged higher and Treasury yields were steady. European stocks, meanwhile, rose to a&nbsp;record&nbsp;as markets reopened after Monday’s holiday across the region.</p><p>Progress in President Joe Biden’s new infrastructure proposal and the start of the earnings season in the coming weeks could dictate the course of stock markets, analysts said.</p><p>Later in the day, investors will turn to a reading of U.S. job openings for February. The data follows blowout employment as well as service sector reports for March.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>Illumina&nbsp;(ILMN)</b> – Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst estimates. The life sciences company said its projected results are being driven by record orders in its gene-sequencing and related businesses. Illumina jumped 9.2% in premarket action.</p><p><b>Snap&nbsp;(SNAP) </b>– Snap shares gained 2.7% in premarket action following an upgrade at Atlantic Equities, which now rates the Snapchat parent’s stock at “overweight” vs. the prior “neutral.” The firm cites valuation as a key factor, as well as Snap’s transformation from a messaging-centric platform to a broad content platform.</p><p><b>Tesla&nbsp;(TSLA) </b>– Tesla stock is only worth $150 per share, according to Roth Capital senior research analyst Craig Irwin. Irwin called Tesla only a “minor player” in the U.S. and European markets, telling CNBC that people wrongly assume that Tesla has no competition.</p><p><b>GameStop&nbsp;(GME)</b> – The videogame retailer’s stock is up 1.4% in premarket trading after a volatile session Monday following news that GameStop planned to issue up to 3.5 million shares.</p><p><b>Niu Technologies&nbsp;(NIU) </b>– The Beijing-based company reported sales of 149,649 e-scooter sales during its first quarter, compared to 40,160 in the year-ago quarter. Niu Technologies shares rose 1.8% in premarket trading.</p><p><b>Credit Suisse&nbsp;(CS) </b>– The bank&nbsp;will take a $4.7 billion hit&nbsp;from its dealings with hedge fund Archegos Capital Management, and has announced the departure of Chief Risk Officer Lara Warner and investment banking head Brian Chin. Credit Suisse also launched an investigation into the Archegos-related losses.</p><p><b>Property Solutions Acquisition Corp&nbsp;(PSAC)&nbsp;</b>–&nbsp;Blank check company PSAC surged 11.6% in premarket trading&nbsp;after&nbsp;Faraday Future(FF) submitting the listing documents to the&nbsp;SEC and planning&nbsp;to&nbsp;land on NASDAQ as soon as May.</p><p><b>Moderna&nbsp;(MRNA) </b>– Moderna struck an agreement with contract manufacturer&nbsp;Catalent(CTLT) to nearly double output of Moderna’s Covid-19 vaccine at Catalent’s Bloomington, Indiana, plant, according to The Wall Street Journal.</p><p><b>Square (SQ)&nbsp;</b>–&nbsp;Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated.The stock&nbsp;rose 0.2%&nbsp;in the premarket.</p><p><b>Cara Therapeutics&nbsp;(CARA)</b> – Cara Therapeutics shares surged 11.7% premarket following news that the biopharmaceutical company’s stock will be added to the S&amp;P SmallCap 600 index, effective on Wednesday.</p><p><b>Phillips 66&nbsp;(PSX) </b>– The energy producer said it will report a larger-than-expected first-quarter loss, stemming from the severe winter weather in central and southern U.S. states that crippled its Gulf Coast petrochemical operations. Phillips fell 1.3% in premarket trading.</p><p><b>Southwest Airlines&nbsp;(LUV) </b>- Southwest recalled 209 pilots from voluntary leave, with plans to return them to active duty on June 1. The move comes in anticipation of a summer rebound in travel demand.</p><p><b>BlackRock&nbsp;(BLK) </b>– Credit Suisse named the asset management firm a “top pick,” saying it expects “robust organic growth” from BlackRock stemming from an attractive business mix.</p><p><b>Signet Jewelers&nbsp;(SIG) </b>– The jewelry retailer announced a deal to buy jewelry subscription services Rocksbox for an undisclosed amount.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SQ":"Block","GME":"游戏驿站","ILMN":"Illumina","SNAP":"Snap Inc",".SPX":"S&P 500 Index",".DJI":"道琼斯","BLK":"贝莱德","NIU":"小牛电动","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172538226","content_text":"Futures ease after record rally on brightening economic outlookArchegos-linked stocks fall after Credit Suisse block tradesU.S. stock index futures fell on Tuesday as investors locked in some gains after the S&P 500 and the Dow closed at record highs on renewed recovery hopes.At 8:05 a.m. ET, Dow E-minis were down 26 points, or 0.08%, S&P 500 E-minis were down 6 points, or 0.15% and Nasdaq 100 E-minis were down 20.50 points, or 0.15%.*Source From Tiger Trade, EST 08:05ViacomCBS Inc. fell in premarket trading along with other stocks linked to the Archegos Capital Management implosion after Credit Suisse Group AG took a 4.4 billion franc ($4.7 billion) writedown and was said to have unloaded more than $2 billion in block trades. The dollar edged higher and Treasury yields were steady. European stocks, meanwhile, rose to a record as markets reopened after Monday’s holiday across the region.Progress in President Joe Biden’s new infrastructure proposal and the start of the earnings season in the coming weeks could dictate the course of stock markets, analysts said.Later in the day, investors will turn to a reading of U.S. job openings for February. The data follows blowout employment as well as service sector reports for March.Stocks making the biggest moves in the premarket:Illumina (ILMN) – Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst estimates. The life sciences company said its projected results are being driven by record orders in its gene-sequencing and related businesses. Illumina jumped 9.2% in premarket action.Snap (SNAP) – Snap shares gained 2.7% in premarket action following an upgrade at Atlantic Equities, which now rates the Snapchat parent’s stock at “overweight” vs. the prior “neutral.” The firm cites valuation as a key factor, as well as Snap’s transformation from a messaging-centric platform to a broad content platform.Tesla (TSLA) – Tesla stock is only worth $150 per share, according to Roth Capital senior research analyst Craig Irwin. Irwin called Tesla only a “minor player” in the U.S. and European markets, telling CNBC that people wrongly assume that Tesla has no competition.GameStop (GME) – The videogame retailer’s stock is up 1.4% in premarket trading after a volatile session Monday following news that GameStop planned to issue up to 3.5 million shares.Niu Technologies (NIU) – The Beijing-based company reported sales of 149,649 e-scooter sales during its first quarter, compared to 40,160 in the year-ago quarter. Niu Technologies shares rose 1.8% in premarket trading.Credit Suisse (CS) – The bank will take a $4.7 billion hit from its dealings with hedge fund Archegos Capital Management, and has announced the departure of Chief Risk Officer Lara Warner and investment banking head Brian Chin. Credit Suisse also launched an investigation into the Archegos-related losses.Property Solutions Acquisition Corp (PSAC) – Blank check company PSAC surged 11.6% in premarket trading after Faraday Future(FF) submitting the listing documents to the SEC and planning to land on NASDAQ as soon as May.Moderna (MRNA) – Moderna struck an agreement with contract manufacturer Catalent(CTLT) to nearly double output of Moderna’s Covid-19 vaccine at Catalent’s Bloomington, Indiana, plant, according to The Wall Street Journal.Square (SQ) – Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated.The stock rose 0.2% in the premarket.Cara Therapeutics (CARA) – Cara Therapeutics shares surged 11.7% premarket following news that the biopharmaceutical company’s stock will be added to the S&P SmallCap 600 index, effective on Wednesday.Phillips 66 (PSX) – The energy producer said it will report a larger-than-expected first-quarter loss, stemming from the severe winter weather in central and southern U.S. states that crippled its Gulf Coast petrochemical operations. Phillips fell 1.3% in premarket trading.Southwest Airlines (LUV) - Southwest recalled 209 pilots from voluntary leave, with plans to return them to active duty on June 1. The move comes in anticipation of a summer rebound in travel demand.BlackRock (BLK) – Credit Suisse named the asset management firm a “top pick,” saying it expects “robust organic growth” from BlackRock stemming from an attractive business mix.Signet Jewelers (SIG) – The jewelry retailer announced a deal to buy jewelry subscription services Rocksbox for an undisclosed amount.","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349527755,"gmtCreate":1617627957477,"gmtModify":1704701042875,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Can consider to own this stock","listText":"Can consider to own this stock","text":"Can consider to own this stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349527755","repostId":"1182378447","repostType":4,"repost":{"id":"1182378447","kind":"news","pubTimestamp":1617623468,"share":"https://ttm.financial/m/news/1182378447?lang=&edition=fundamental","pubTime":"2021-04-05 19:51","market":"us","language":"en","title":"CrowdStrike: Time To Buy This Cybersecurity Leader","url":"https://stock-news.laohu8.com/highlight/detail?id=1182378447","media":"seekingalpha","summary":"Summary\n\nCloud and cybersecurity spend are expected to increase significantly over the course of the","content":"<p><b>Summary</b></p>\n<ul>\n <li>Cloud and cybersecurity spend are expected to increase significantly over the course of the next few years, benefiting the leaders of the sector.</li>\n <li>Robust financial performance during the work-from-home shift is likely to continue.</li>\n <li>CRWD has the potential to witness significant operating and earnings leverage from FY22 to FY25.</li>\n <li>Risks to watch stem from its customer base, expansion and valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cea90a576bf71e95e6777dbc25a8ac5\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p>As shares in multiple different cloud and cybersecurity names continue to underperform against the market during 2021, digging for good value and positive long-term outlook bring multiple names to mind. Cloud/cybersecurity is one sector with a particularly bright outlook as IT spend on this remains quite low, and is expected to increase over the next couple of years in the face of constantly rising threats. CrowdStrike (CRWD) is positioned very well to gain share and continue its strong growth trajectory, and the recent underperformance brings a potentially attractive entry point, although valuation remains a key part to watch.</p>\n<p><b>Rising Cloud and Cybersecurity Spend</b></p>\n<p>Increasing cloud and cybersecurity spend across the board will serve as a large tailwind for the sector and inevitably CrowdStrike, as it continues to advance its product offerings and subscription base. Cloud and cybersecurity are both fairly fragmented sectors, leaving rooms for leading companies like CrowdStrike to gain and secure market share through maintained subscriptions.</p>\n<p>Cloud and cybersecurity spend are expected to increase significantly over the course of the next few years, on the back of factors such as increasing number of cyber attacks, increased reliance on cloud-based services and applications, growing demand for managed security services, data privacy concerns and government compliance.</p>\n<p>Internally, CrowdStrike sees the cloud security opportunity expanding significantly, projected to be about $12.4 billion on 5.7% of IT budget spend; this opportunity would represent tenfold growth from 2020's actual $1.2 billion cloud security spend. With the possibility of more data breaches alongside the aforementioned factors, increased IT spend to ~7.5% would represent an opportunity of $16.3 billion.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/143bdb685bc34bca9d6a2dd53fa6a356\" tg-width=\"640\" tg-height=\"285\"><span>Graphic from CrowdStrike</span></p>\n<p>Longer-term external forecasts point to a slight uptick in the growth of cloud spending, while cybersecurity spend as a whole will increase quite significantly but at a slightly lower rate.</p>\n<p>VM Intelligence&nbsp;projects the cloud security market to reach $37.7 billion by 2027, a 25.9% CAGR from 2019's $6.7 billion figure. Again, a rise in security threats and a tailwind stemming from a shift to cloud technology/infrastructure will boost the market, with companies needing solutions to provide data protection and privacy and ensure regulatory compliance. With a large majority of companies running some sort of cloud-based software, demand for cloud security solutions are rising.</p>\n<p>Global&nbsp;cybersecurity spend&nbsp;has a strong projected runway as well, rising at a ~12% CAGR from an estimated $165.8 billion in 2021 to $366.1 billion in 2028 (cloud security has one of the highest CAGRs of the cybersecurity sub-segments). North America is expected to dominate the industry's growth, while Asia Pacific is expected to grow the quickest with more government investment in this and auxiliary industries.</p>\n<p>Solid growth in North America and rapid growth in Asia-Pacific further support continuance of high double-digit growth in revenues for CrowdStrike as it increases international presence.</p>\n<p><b>Robust Financials</b></p>\n<p>CrowdStrike's financial performance during the shift to remote and cloud work shone, with the company (for the most part) exceeding a&nbsp;projection for the fiscal year&nbsp;from just before the Q2 report. Highlighted from that projection had CrowdStrike netting $950 million to $1.0 billion in ARR, 10,000 customers, Q4 gross margin at 78%, and an FY net margin at (9.5%) on $850 million revenue/$629 million gross profit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91c1c7926fb836825a4aaec30396fc2f\" tg-width=\"640\" tg-height=\"253\"><span>Graphic from SA</span></p>\n<p>As seen above, CrowdStrike's ARR topped $1 billion, as Q4's record net new ARR of $143 million pushed the figure higher. While customers fell shy of the 10,000 mark, customer base in Fortune 100 and Fortune 500 companies expanded. CFO Burt Podbere noted that the company posted \"record&nbsp;subscription gross margin&nbsp;at the high end of our target model and record operating and free cash flow.\" Sequential improvement in margins - at 80% subscription and 77% gross for Q4, 79% and 76% for the year - on top of strong revenue growth has provided operating leverage, which will aid the shift to profitability.</p>\n<p><b>Strong Growth Outlook</b></p>\n<p>With the strong Q4/FY report, CrowdStrike increased guidance for Q1 by ~7.5% to ~$290 million and FY22 revenues by a similar percentage to ~$1.32 billion. However, CrowdStrike has the potential to beat those forecasts to $1.35-1.36 billion for the current year, as well as leading to an increased long-term forecast.</p>\n<p>CrowdStrike has proved that it can acquire new customers easily and efficiently, setting it up for blazing revenue growth in the upcoming years. An original forecast for $1.5 billion in FY23 and $2.5 billion in FY25 revenues now seem to undershoot the company's potential. The combination of more records in net new ARR on top of incremental growth in existing ARR from previous customers sets revenues up for approximately 38% growth through 2025, suggesting FY23 revenues at $1.85 billion rising to $3.2 billion by FY25, far ahead of the prior projection.</p>\n<p>Some of the factors that help cement this projection are retention rates and expanded product offerings across different business sizes. CrowdStrike boasts a high gross retention at 98% for the past two fiscal years; the company's dollar retention has remained above 120% for the past three fiscal years as customers continue to add subscriptions. This is visible within the rising amount of customers on multiple subscriptions, seen below. Customers on 4 or more subscriptions have risen from 30% to 63% in just three years, testifying to the value proposition from top-of-the-line features.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7c4d023f856d53085d1dc63e5ba7f6b\" tg-width=\"640\" tg-height=\"315\"><span>Graphic from SA</span></p>\n<p>While CrowdStrike does have over half of the Fortune 100 list as customers, the company's products aren't solely for the megacaps. Falcon's ease-of-use, scalability, high efficacy and relative low cost have made it a top choice for even smaller businesses looking to implement industrial level security. While there is a high costliness of installing and updating cloud security services which could prevent MSMEs transitioning to the cloud from adopting broad cloud security protection, the Falcon offers an&nbsp;ROI&nbsp;of 300-400% with a payback period of less than 3 months on average, making it a great choice for smaller enterprises.</p>\n<p>CrowdStrike and other peer leader Zscaler (ZS) recently announced the expansion of their&nbsp;partnership, providing an identity and data-centric zero trust approach. Zscaler will be leveraging CrowdStrike's Zero Trust Assessment [ZTA] to integrate real-time security with Zscaler Private Access [ZPA]. The expansion provides a range of benefits and enhanced value for joint customers, which should serve to cement retention of those customers' subscriptions to both CrowdStrike and Zscaler.</p>\n<p>International revenue&nbsp;generation and expansion also are a bright point for future growth, as Asia-Pacific notably has a strong CAGR forecast for the industry. CrowdStrike has locations in Japan, Australia and Singapore among others primarily in EMEA. International revenues have risen 98% y/y to $247 million, comprising 28% of total revenues for FY21, up from 23% in FY19; increased investment to expand international operations could see contribution of 33-35% of revenues by FY23.</p>\n<p>With the aforementioned revenue growth projections, CrowdStrike has the potential to witness significant operating and earnings leverage from FY22 to FY25, as operating expenses have practically fallen into the long-term targets per its operating model: S&amp;M 30-35% of revenues, R&amp;D 15-20% and G&amp;A 7-9%. Actuals for Q4 were 37%, 19% and 8%. This has the potential to drive and maintain operating margin in the mid-20% range as revenues grow, leading to low triple-digit EPS growth from $0.65 in FY23 to $2.80 by FY25.</p>\n<p><b>Risks to the Forecast</b></p>\n<p>Such a forecast isn't immune to risks, and there are quite a few to be aware of with CrowdStrike, stemming from its customer base, expansion and valuation.</p>\n<p>Even with the growth to CrowdStrike's customer base to just under 10,000 by the fiscal year, +82% y/y, a fair proportion of its business is reliant on a few key channel partners. While it is a decreasing percentage for channel partners A/B (likely that the two have the same dollar amount y/y offset by additional new customers), loss of business of any of the customers/channel partners could impact revenues and balance sheet strength, thus significantly impacting forward revenue projections and valuation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9e423abddd79b6414ea99b31de8ae07\" tg-width=\"640\" tg-height=\"334\"><span>Graphic from 10-K</span></p>\n<p>One other customer-centric risk could arise within upselling, or getting customers to add more subscriptions. CrowdStrike currently has both synergies of ARR growth from new customer additions and customers upgrading to more subscriptions, but if/when a majority of the customers are paying for 4 to 6 subscriptions, additional revenue growth is likely to be more reliant on customer acquisition. If customer growth inevitably slows, whether that be in three, five or seven years, CrowdStrike will likely need to have a significant portion (&gt;70%) on &gt;4 subscriptions to ensure constant growth in revenues at a fair, 15-20% rate.</p>\n<p>Expansion, primarily internationally, exposes CrowdStrike to some key risks that could impact bottom line growth. This could stem from \"higher costs of doing business internationally... double taxation of our international earnings and potentially adverse tax consequences... increased travel, infrastructure, and legal compliance costs\" as well as compliance and regulatory issues. Should extra costs arise from international segment growth to ~$750 million in revenues by 2025, overall profitability could take a 15-20% dent, with EPS dropping to $2.35 from $2.80.</p>\n<p>Valuation compared to CrowdStrike's main peer basket of Palo Alto Networks (PANW), Fortinet (FTNT), Cloudflare (NET), VMware (VMW) and Zscaler is mixed, with some high multiples attached to both CrowdStrike and Zscaler. VMWare and Palo Alto, more established and profitable, boast the highest margins and the most attractive valuations, yet forward revenue growth rates are some of the lowest, at about 9% and 19%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20c3219cbe3e0ad6b4353b19914ca89a\" tg-width=\"635\" tg-height=\"487\"><span>Data by YCharts</span></p>\n<p>CrowdStrike, Zscaler and Cloudflare have the fastest revenue growth rates over the next few years, and as expected, trade at significant premiums to the basket, all above 40x TTM sales and 30-35x forward sales. Forward EV/EBITDA ratios for the three are all &gt;250x, suggesting that the three could be pricing in a few years' growth already.</p>\n<p>This is one major risk to CrowdStrike at the moment - as the company continues to scale and grow revenues at a rapid pace, it will face multiple contraction, similar to Palo Alto, whose 19x PS ratio in 2015 (at $1 billion revenues and approx. +54% y/y growth) contracted to 7x by 2020, leaving shares gaining barely 30% after that peak to pre-pandemic levels. As CrowdStrike comes to maturity in revenues and declining y/y growth rates, multiple contraction could be the largest factor in preventing shares from moving higher.</p>\n<p><b>Overall</b></p>\n<p>The cloud-native Falcon platform and its ease of use in remote environments, scalability and robust value proposition combined with the range of modules offered allude to CrowdStrike solidifying its position at the top of the pack within its peers in the long run. The company should maintain status as one of the fastest growing endpoint security firms, reflected within its premium valuation relative to peers. Rising cloud and cybersecurity spend over the next couple of years on a company basis and geographic basis point to positive synergies for revenue and customer growth.</p>\n<p>CrowdStrike has a robust financial picture and a strong growth outlook, with strong earnings leverage on top of significant revenue growth. However, customer-centric and international risks do exist, yet valuation in terms of multiple contraction could be the most important risk to watch, as it could limit returns over the next few years.</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>CrowdStrike: Time To Buy This Cybersecurity Leader</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\">\nCrowdStrike: Time To Buy This Cybersecurity Leader\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4417561-crowdstrike-time-to-buy-this-cybersecurity-leader><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nCloud and cybersecurity spend are expected to increase significantly over the course of the next few years, benefiting the leaders of the sector.\nRobust financial performance during the work-...</p>\n\n<a href=\"https://seekingalpha.com/article/4417561-crowdstrike-time-to-buy-this-cybersecurity-leader\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc."},"source_url":"https://seekingalpha.com/article/4417561-crowdstrike-time-to-buy-this-cybersecurity-leader","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1182378447","content_text":"Summary\n\nCloud and cybersecurity spend are expected to increase significantly over the course of the next few years, benefiting the leaders of the sector.\nRobust financial performance during the work-from-home shift is likely to continue.\nCRWD has the potential to witness significant operating and earnings leverage from FY22 to FY25.\nRisks to watch stem from its customer base, expansion and valuation.\n\nPhoto by Sundry Photography/iStock Editorial via Getty Images\nAs shares in multiple different cloud and cybersecurity names continue to underperform against the market during 2021, digging for good value and positive long-term outlook bring multiple names to mind. Cloud/cybersecurity is one sector with a particularly bright outlook as IT spend on this remains quite low, and is expected to increase over the next couple of years in the face of constantly rising threats. CrowdStrike (CRWD) is positioned very well to gain share and continue its strong growth trajectory, and the recent underperformance brings a potentially attractive entry point, although valuation remains a key part to watch.\nRising Cloud and Cybersecurity Spend\nIncreasing cloud and cybersecurity spend across the board will serve as a large tailwind for the sector and inevitably CrowdStrike, as it continues to advance its product offerings and subscription base. Cloud and cybersecurity are both fairly fragmented sectors, leaving rooms for leading companies like CrowdStrike to gain and secure market share through maintained subscriptions.\nCloud and cybersecurity spend are expected to increase significantly over the course of the next few years, on the back of factors such as increasing number of cyber attacks, increased reliance on cloud-based services and applications, growing demand for managed security services, data privacy concerns and government compliance.\nInternally, CrowdStrike sees the cloud security opportunity expanding significantly, projected to be about $12.4 billion on 5.7% of IT budget spend; this opportunity would represent tenfold growth from 2020's actual $1.2 billion cloud security spend. With the possibility of more data breaches alongside the aforementioned factors, increased IT spend to ~7.5% would represent an opportunity of $16.3 billion.\nGraphic from CrowdStrike\nLonger-term external forecasts point to a slight uptick in the growth of cloud spending, while cybersecurity spend as a whole will increase quite significantly but at a slightly lower rate.\nVM Intelligence projects the cloud security market to reach $37.7 billion by 2027, a 25.9% CAGR from 2019's $6.7 billion figure. Again, a rise in security threats and a tailwind stemming from a shift to cloud technology/infrastructure will boost the market, with companies needing solutions to provide data protection and privacy and ensure regulatory compliance. With a large majority of companies running some sort of cloud-based software, demand for cloud security solutions are rising.\nGlobal cybersecurity spend has a strong projected runway as well, rising at a ~12% CAGR from an estimated $165.8 billion in 2021 to $366.1 billion in 2028 (cloud security has one of the highest CAGRs of the cybersecurity sub-segments). North America is expected to dominate the industry's growth, while Asia Pacific is expected to grow the quickest with more government investment in this and auxiliary industries.\nSolid growth in North America and rapid growth in Asia-Pacific further support continuance of high double-digit growth in revenues for CrowdStrike as it increases international presence.\nRobust Financials\nCrowdStrike's financial performance during the shift to remote and cloud work shone, with the company (for the most part) exceeding a projection for the fiscal year from just before the Q2 report. Highlighted from that projection had CrowdStrike netting $950 million to $1.0 billion in ARR, 10,000 customers, Q4 gross margin at 78%, and an FY net margin at (9.5%) on $850 million revenue/$629 million gross profit.\nGraphic from SA\nAs seen above, CrowdStrike's ARR topped $1 billion, as Q4's record net new ARR of $143 million pushed the figure higher. While customers fell shy of the 10,000 mark, customer base in Fortune 100 and Fortune 500 companies expanded. CFO Burt Podbere noted that the company posted \"record subscription gross margin at the high end of our target model and record operating and free cash flow.\" Sequential improvement in margins - at 80% subscription and 77% gross for Q4, 79% and 76% for the year - on top of strong revenue growth has provided operating leverage, which will aid the shift to profitability.\nStrong Growth Outlook\nWith the strong Q4/FY report, CrowdStrike increased guidance for Q1 by ~7.5% to ~$290 million and FY22 revenues by a similar percentage to ~$1.32 billion. However, CrowdStrike has the potential to beat those forecasts to $1.35-1.36 billion for the current year, as well as leading to an increased long-term forecast.\nCrowdStrike has proved that it can acquire new customers easily and efficiently, setting it up for blazing revenue growth in the upcoming years. An original forecast for $1.5 billion in FY23 and $2.5 billion in FY25 revenues now seem to undershoot the company's potential. The combination of more records in net new ARR on top of incremental growth in existing ARR from previous customers sets revenues up for approximately 38% growth through 2025, suggesting FY23 revenues at $1.85 billion rising to $3.2 billion by FY25, far ahead of the prior projection.\nSome of the factors that help cement this projection are retention rates and expanded product offerings across different business sizes. CrowdStrike boasts a high gross retention at 98% for the past two fiscal years; the company's dollar retention has remained above 120% for the past three fiscal years as customers continue to add subscriptions. This is visible within the rising amount of customers on multiple subscriptions, seen below. Customers on 4 or more subscriptions have risen from 30% to 63% in just three years, testifying to the value proposition from top-of-the-line features.\nGraphic from SA\nWhile CrowdStrike does have over half of the Fortune 100 list as customers, the company's products aren't solely for the megacaps. Falcon's ease-of-use, scalability, high efficacy and relative low cost have made it a top choice for even smaller businesses looking to implement industrial level security. While there is a high costliness of installing and updating cloud security services which could prevent MSMEs transitioning to the cloud from adopting broad cloud security protection, the Falcon offers an ROI of 300-400% with a payback period of less than 3 months on average, making it a great choice for smaller enterprises.\nCrowdStrike and other peer leader Zscaler (ZS) recently announced the expansion of their partnership, providing an identity and data-centric zero trust approach. Zscaler will be leveraging CrowdStrike's Zero Trust Assessment [ZTA] to integrate real-time security with Zscaler Private Access [ZPA]. The expansion provides a range of benefits and enhanced value for joint customers, which should serve to cement retention of those customers' subscriptions to both CrowdStrike and Zscaler.\nInternational revenue generation and expansion also are a bright point for future growth, as Asia-Pacific notably has a strong CAGR forecast for the industry. CrowdStrike has locations in Japan, Australia and Singapore among others primarily in EMEA. International revenues have risen 98% y/y to $247 million, comprising 28% of total revenues for FY21, up from 23% in FY19; increased investment to expand international operations could see contribution of 33-35% of revenues by FY23.\nWith the aforementioned revenue growth projections, CrowdStrike has the potential to witness significant operating and earnings leverage from FY22 to FY25, as operating expenses have practically fallen into the long-term targets per its operating model: S&M 30-35% of revenues, R&D 15-20% and G&A 7-9%. Actuals for Q4 were 37%, 19% and 8%. This has the potential to drive and maintain operating margin in the mid-20% range as revenues grow, leading to low triple-digit EPS growth from $0.65 in FY23 to $2.80 by FY25.\nRisks to the Forecast\nSuch a forecast isn't immune to risks, and there are quite a few to be aware of with CrowdStrike, stemming from its customer base, expansion and valuation.\nEven with the growth to CrowdStrike's customer base to just under 10,000 by the fiscal year, +82% y/y, a fair proportion of its business is reliant on a few key channel partners. While it is a decreasing percentage for channel partners A/B (likely that the two have the same dollar amount y/y offset by additional new customers), loss of business of any of the customers/channel partners could impact revenues and balance sheet strength, thus significantly impacting forward revenue projections and valuation.\nGraphic from 10-K\nOne other customer-centric risk could arise within upselling, or getting customers to add more subscriptions. CrowdStrike currently has both synergies of ARR growth from new customer additions and customers upgrading to more subscriptions, but if/when a majority of the customers are paying for 4 to 6 subscriptions, additional revenue growth is likely to be more reliant on customer acquisition. If customer growth inevitably slows, whether that be in three, five or seven years, CrowdStrike will likely need to have a significant portion (>70%) on >4 subscriptions to ensure constant growth in revenues at a fair, 15-20% rate.\nExpansion, primarily internationally, exposes CrowdStrike to some key risks that could impact bottom line growth. This could stem from \"higher costs of doing business internationally... double taxation of our international earnings and potentially adverse tax consequences... increased travel, infrastructure, and legal compliance costs\" as well as compliance and regulatory issues. Should extra costs arise from international segment growth to ~$750 million in revenues by 2025, overall profitability could take a 15-20% dent, with EPS dropping to $2.35 from $2.80.\nValuation compared to CrowdStrike's main peer basket of Palo Alto Networks (PANW), Fortinet (FTNT), Cloudflare (NET), VMware (VMW) and Zscaler is mixed, with some high multiples attached to both CrowdStrike and Zscaler. VMWare and Palo Alto, more established and profitable, boast the highest margins and the most attractive valuations, yet forward revenue growth rates are some of the lowest, at about 9% and 19%.\nData by YCharts\nCrowdStrike, Zscaler and Cloudflare have the fastest revenue growth rates over the next few years, and as expected, trade at significant premiums to the basket, all above 40x TTM sales and 30-35x forward sales. Forward EV/EBITDA ratios for the three are all >250x, suggesting that the three could be pricing in a few years' growth already.\nThis is one major risk to CrowdStrike at the moment - as the company continues to scale and grow revenues at a rapid pace, it will face multiple contraction, similar to Palo Alto, whose 19x PS ratio in 2015 (at $1 billion revenues and approx. +54% y/y growth) contracted to 7x by 2020, leaving shares gaining barely 30% after that peak to pre-pandemic levels. As CrowdStrike comes to maturity in revenues and declining y/y growth rates, multiple contraction could be the largest factor in preventing shares from moving higher.\nOverall\nThe cloud-native Falcon platform and its ease of use in remote environments, scalability and robust value proposition combined with the range of modules offered allude to CrowdStrike solidifying its position at the top of the pack within its peers in the long run. The company should maintain status as one of the fastest growing endpoint security firms, reflected within its premium valuation relative to peers. Rising cloud and cybersecurity spend over the next couple of years on a company basis and geographic basis point to positive synergies for revenue and customer growth.\nCrowdStrike has a robust financial picture and a strong growth outlook, with strong earnings leverage on top of significant revenue growth. However, customer-centric and international risks do exist, yet valuation in terms of multiple contraction could be the most important risk to watch, as it could limit returns over the next few years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349522367,"gmtCreate":1617627653559,"gmtModify":1704701037019,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Positive News Ahead!&nbsp;","listText":"Positive News Ahead!&nbsp;","text":"Positive News Ahead!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349522367","repostId":"1130269034","repostType":4,"repost":{"id":"1130269034","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617624744,"share":"https://ttm.financial/m/news/1130269034?lang=&edition=fundamental","pubTime":"2021-04-05 20:12","market":"us","language":"en","title":"Toplines Before US Market Open on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1130269034","media":"Tiger Newspress","summary":"Many markets globally remain closed for holidays on Monday. U.S. stock index futures gained on Monday, as investors returning from a long weekend cheered data showing strongest jobs growth in seven months that could mark the beginning of the best annual economic growth in nearly four decades.At 8:05 a.m. ET, Dow E-minis were up 211 points, or 0.64%, S&P 500 E-minis were up 21.75 points, or 0.54% and Nasdaq 100 E-minis were up 36.25 points, or 0.27%.Shares of U.S. banks, industrial and material f","content":"<ul>\n <li>U.S. Stock Futures Gain</li>\n</ul>\n<ul>\n <li>Many markets globally remain closed for holidays on Monday</li>\n</ul>\n<p>U.S. stock index futures gained on Monday, as investors returning from a long weekend cheered data showing strongest jobs growth in seven months that could mark the beginning of the best annual economic growth in nearly four decades.</p>\n<p>At 8:05 a.m. ET, Dow E-minis were up 211 points, or 0.64%, S&amp;P 500 E-minis were up 21.75 points, or 0.54% and Nasdaq 100 E-minis were up 36.25 points, or 0.27%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/90bdf8806a46eafe5bd10484b22119e7\" tg-width=\"1080\" tg-height=\"388\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Shares of U.S. banks, industrial and material firms including Bank of America, JPMorgan Chase &amp; Co, Boeing Co and Dow Inc, which are poised to benefit from an improving economy, firmed about 1% each in premarket trading.</p>\n<p>Heavyweight Tesla Inc rose 7.4% after the world’s most valuable carmaker posted record deliveries, as solid demand for its electric cars offset the impact of a global shortage of chips.</p>\n<p>Investors will get a fresh glimpse of the U.S. economic health in the form of ISM’s survey of the services sector, which accounts for more than two-thirds of U.S. economic activity. The data is due at 10 a.m. ET (1400 GMT).</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Tesla&nbsp;(TSLA) </b>– Tesla&nbsp;delivered nearly 185,000 vehicles&nbsp;during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock&nbsp;jumped 7.4%&nbsp;in the premarket.</p>\n<p><b>GameStop&nbsp;(GME) </b>– The video game retailer announced&nbsp;plans to sell up to 3.5 million shares&nbsp;in an “at-the-market” offering, with plans to use the proceeds to strengthen its balance sheet and accelerate its ongoing transformation. GameStop also said sales for the first nine weeks of its current quarter were up 11% from the same period a year ago. GameStop tumbled 13.8% in premarket trading.</p>\n<p><b>Roblox&nbsp;</b><b>(RBLX) </b>– Shares of the video game development platform company’s stock jumped 5% in premarket action, as Goldman began coverage with a “buy” rating and Morgan Stanley initiated coverage with a rating of “overweight.” Both firms cite robust growth prospects, with Goldman noting that Roblox is able to outsource game development costs to creators.</p>\n<p><b>Royal Caribbean&nbsp;</b><b>(RCL),</b><b>Norwegian Cruise Line&nbsp;</b><b>(NCLH),</b><b>Carnival&nbsp;</b><b>(CCL) </b>– The Centers for Disease Control and Prevention updated its guidance for resuming U.S. cruise ship sailings, although it did not set a specific date for resumption. Royal Caribbean gained 2% in the premarket, with Norwegian up 2.4% and Carnival higher by 1.8%.</p>\n<p><b>Johnson &amp; Johnson&nbsp;</b><b>(JNJ)</b> – J&amp;J&nbsp;will take over manufacturing at a plant&nbsp;owned by contract manufacturer&nbsp;Emergent Biosolutions&nbsp;(EBS) after a quality control issue ruined a batch of J&amp;J’s Covid-19 vaccine. The Wall Street Journal reports that in order to accommodate the switch, production of&nbsp;AstraZeneca’s(AZN) Covid-19 vaccine will be moved elsewhere. Separately, J&amp;J expanded a trial of its Covid-19 vaccine to include 12- to 17-year-olds.</p>\n<p><b>Tribune Co.&nbsp;</b><b>(TPCO)</b> – Tribune received a $680 million takeover bid – worth $16.50 per share – from Choice Hotels Chairman Stewart Bainum and Swiss billionaire Hansjorg Wyss. That tops a $635 million deal that the newspaper publisher had previously agreed to with hedge fund Alden Global Capital.</p>\n<p><b>Pinterest&nbsp;</b><b>(PINS) </b>– The image-sharing website operator is in talks to buy photo app company VSCO, according to The New York Times. A potential deal price could not be determined, but VSCO was most recently valued at $550 million. Pinterest shares rose 2.4% in the premarket.</p>\n<p><b>General Motors&nbsp;</b><b>(GM),</b><b>Ford Motor&nbsp;</b><b>(F) </b>– Wells Fargo began coverage of both automakers with ratings of “overweight,” pointing to Ford’s faster turnaround under new CEO Jim Farley and GM’s leading position in electric vehicles and connectivity. GM shares added 1.7% in premarket action, while Ford rose 1.5%.</p>\n<p><b>Pioneer Natural&nbsp;(PXD) </b>– Pioneer Natural struck a deal to buy privately held rival shale producer DoublePoint Energy for about $6.4 billion, continuing the consolidation trend in the shale industry. Pioneer shares fell 3.5% in premarket trading.</p>\n<p><b>Moderna&nbsp;(MRNA) </b>– Moderna received Food and Drug Administration approval to fill Covid-19 vaccine vials with up to 15 doses, up from the previous 10 doses. Moderna said it expects to begin shipping the 15-dose vials within a few weeks, and its stock rose 0.7% in premarket trading.</p>\n<p><b>Morgan Stanley&nbsp;(MS)</b> – Morgan Stanley said it would increase its dividend as soon as restrictions are lifted by the Federal Reserve. The Fed is scheduled to release the next round of bank stress test results in June. Morgan Stanley rose 1.3% in the premarket.</p>\n<p><b>Planet Fitness&nbsp;(PLNT)</b> – The fitness chain is planning to add up to 100 new locations in the coming fiscal year, adding to its current total of more than 2,100. CFO Tom Fitzgerald told The Wall Street Journal the company also wants to boost investment in its app.</p>\n<p><b>Lamb Weston&nbsp;(LW) </b>– Shares of the foodservice company gained 1.9% in the premarket after Bank of America Securities upgraded it to “buy” from “neutral” and raised the price target to $100 per share from $84 a share. BofA said the company is poised to approach pre-Covid business levels, with demand improving.</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>Toplines Before US Market Open on Monday</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\">\nToplines Before US Market Open on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-05 20:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Stock Futures Gain</li>\n</ul>\n<ul>\n <li>Many markets globally remain closed for holidays on Monday</li>\n</ul>\n<p>U.S. stock index futures gained on Monday, as investors returning from a long weekend cheered data showing strongest jobs growth in seven months that could mark the beginning of the best annual economic growth in nearly four decades.</p>\n<p>At 8:05 a.m. ET, Dow E-minis were up 211 points, or 0.64%, S&amp;P 500 E-minis were up 21.75 points, or 0.54% and Nasdaq 100 E-minis were up 36.25 points, or 0.27%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/90bdf8806a46eafe5bd10484b22119e7\" tg-width=\"1080\" tg-height=\"388\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Shares of U.S. banks, industrial and material firms including Bank of America, JPMorgan Chase &amp; Co, Boeing Co and Dow Inc, which are poised to benefit from an improving economy, firmed about 1% each in premarket trading.</p>\n<p>Heavyweight Tesla Inc rose 7.4% after the world’s most valuable carmaker posted record deliveries, as solid demand for its electric cars offset the impact of a global shortage of chips.</p>\n<p>Investors will get a fresh glimpse of the U.S. economic health in the form of ISM’s survey of the services sector, which accounts for more than two-thirds of U.S. economic activity. The data is due at 10 a.m. ET (1400 GMT).</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Tesla&nbsp;(TSLA) </b>– Tesla&nbsp;delivered nearly 185,000 vehicles&nbsp;during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock&nbsp;jumped 7.4%&nbsp;in the premarket.</p>\n<p><b>GameStop&nbsp;(GME) </b>– The video game retailer announced&nbsp;plans to sell up to 3.5 million shares&nbsp;in an “at-the-market” offering, with plans to use the proceeds to strengthen its balance sheet and accelerate its ongoing transformation. GameStop also said sales for the first nine weeks of its current quarter were up 11% from the same period a year ago. GameStop tumbled 13.8% in premarket trading.</p>\n<p><b>Roblox&nbsp;</b><b>(RBLX) </b>– Shares of the video game development platform company’s stock jumped 5% in premarket action, as Goldman began coverage with a “buy” rating and Morgan Stanley initiated coverage with a rating of “overweight.” Both firms cite robust growth prospects, with Goldman noting that Roblox is able to outsource game development costs to creators.</p>\n<p><b>Royal Caribbean&nbsp;</b><b>(RCL),</b><b>Norwegian Cruise Line&nbsp;</b><b>(NCLH),</b><b>Carnival&nbsp;</b><b>(CCL) </b>– The Centers for Disease Control and Prevention updated its guidance for resuming U.S. cruise ship sailings, although it did not set a specific date for resumption. Royal Caribbean gained 2% in the premarket, with Norwegian up 2.4% and Carnival higher by 1.8%.</p>\n<p><b>Johnson &amp; Johnson&nbsp;</b><b>(JNJ)</b> – J&amp;J&nbsp;will take over manufacturing at a plant&nbsp;owned by contract manufacturer&nbsp;Emergent Biosolutions&nbsp;(EBS) after a quality control issue ruined a batch of J&amp;J’s Covid-19 vaccine. The Wall Street Journal reports that in order to accommodate the switch, production of&nbsp;AstraZeneca’s(AZN) Covid-19 vaccine will be moved elsewhere. Separately, J&amp;J expanded a trial of its Covid-19 vaccine to include 12- to 17-year-olds.</p>\n<p><b>Tribune Co.&nbsp;</b><b>(TPCO)</b> – Tribune received a $680 million takeover bid – worth $16.50 per share – from Choice Hotels Chairman Stewart Bainum and Swiss billionaire Hansjorg Wyss. That tops a $635 million deal that the newspaper publisher had previously agreed to with hedge fund Alden Global Capital.</p>\n<p><b>Pinterest&nbsp;</b><b>(PINS) </b>– The image-sharing website operator is in talks to buy photo app company VSCO, according to The New York Times. A potential deal price could not be determined, but VSCO was most recently valued at $550 million. Pinterest shares rose 2.4% in the premarket.</p>\n<p><b>General Motors&nbsp;</b><b>(GM),</b><b>Ford Motor&nbsp;</b><b>(F) </b>– Wells Fargo began coverage of both automakers with ratings of “overweight,” pointing to Ford’s faster turnaround under new CEO Jim Farley and GM’s leading position in electric vehicles and connectivity. GM shares added 1.7% in premarket action, while Ford rose 1.5%.</p>\n<p><b>Pioneer Natural&nbsp;(PXD) </b>– Pioneer Natural struck a deal to buy privately held rival shale producer DoublePoint Energy for about $6.4 billion, continuing the consolidation trend in the shale industry. Pioneer shares fell 3.5% in premarket trading.</p>\n<p><b>Moderna&nbsp;(MRNA) </b>– Moderna received Food and Drug Administration approval to fill Covid-19 vaccine vials with up to 15 doses, up from the previous 10 doses. Moderna said it expects to begin shipping the 15-dose vials within a few weeks, and its stock rose 0.7% in premarket trading.</p>\n<p><b>Morgan Stanley&nbsp;(MS)</b> – Morgan Stanley said it would increase its dividend as soon as restrictions are lifted by the Federal Reserve. The Fed is scheduled to release the next round of bank stress test results in June. Morgan Stanley rose 1.3% in the premarket.</p>\n<p><b>Planet Fitness&nbsp;(PLNT)</b> – The fitness chain is planning to add up to 100 new locations in the coming fiscal year, adding to its current total of more than 2,100. CFO Tom Fitzgerald told The Wall Street Journal the company also wants to boost investment in its app.</p>\n<p><b>Lamb Weston&nbsp;(LW) </b>– Shares of the foodservice company gained 1.9% in the premarket after Bank of America Securities upgraded it to “buy” from “neutral” and raised the price target to $100 per share from $84 a share. BofA said the company is poised to approach pre-Covid business levels, with demand improving.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","PINS":"Pinterest, Inc.","NCLH":"挪威邮轮","RBLX":"Roblox Corporation","TSLA":"特斯拉",".SPX":"S&P 500 Index",".DJI":"道琼斯","JNJ":"强生","GME":"游戏驿站","RCL":"皇家加勒比邮轮","CCL":"嘉年华邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130269034","content_text":"U.S. Stock Futures Gain\n\n\nMany markets globally remain closed for holidays on Monday\n\nU.S. stock index futures gained on Monday, as investors returning from a long weekend cheered data showing strongest jobs growth in seven months that could mark the beginning of the best annual economic growth in nearly four decades.\nAt 8:05 a.m. ET, Dow E-minis were up 211 points, or 0.64%, S&P 500 E-minis were up 21.75 points, or 0.54% and Nasdaq 100 E-minis were up 36.25 points, or 0.27%.\n*Source From Tiger Trade, EST 08:05\nShares of U.S. banks, industrial and material firms including Bank of America, JPMorgan Chase & Co, Boeing Co and Dow Inc, which are poised to benefit from an improving economy, firmed about 1% each in premarket trading.\nHeavyweight Tesla Inc rose 7.4% after the world’s most valuable carmaker posted record deliveries, as solid demand for its electric cars offset the impact of a global shortage of chips.\nInvestors will get a fresh glimpse of the U.S. economic health in the form of ISM’s survey of the services sector, which accounts for more than two-thirds of U.S. economic activity. The data is due at 10 a.m. ET (1400 GMT).\nStocks making the biggest moves in the premarket:\nTesla (TSLA) – Tesla delivered nearly 185,000 vehicles during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock jumped 7.4% in the premarket.\nGameStop (GME) – The video game retailer announced plans to sell up to 3.5 million shares in an “at-the-market” offering, with plans to use the proceeds to strengthen its balance sheet and accelerate its ongoing transformation. GameStop also said sales for the first nine weeks of its current quarter were up 11% from the same period a year ago. GameStop tumbled 13.8% in premarket trading.\nRoblox (RBLX) – Shares of the video game development platform company’s stock jumped 5% in premarket action, as Goldman began coverage with a “buy” rating and Morgan Stanley initiated coverage with a rating of “overweight.” Both firms cite robust growth prospects, with Goldman noting that Roblox is able to outsource game development costs to creators.\nRoyal Caribbean (RCL),Norwegian Cruise Line (NCLH),Carnival (CCL) – The Centers for Disease Control and Prevention updated its guidance for resuming U.S. cruise ship sailings, although it did not set a specific date for resumption. Royal Caribbean gained 2% in the premarket, with Norwegian up 2.4% and Carnival higher by 1.8%.\nJohnson & Johnson (JNJ) – J&J will take over manufacturing at a plant owned by contract manufacturer Emergent Biosolutions (EBS) after a quality control issue ruined a batch of J&J’s Covid-19 vaccine. The Wall Street Journal reports that in order to accommodate the switch, production of AstraZeneca’s(AZN) Covid-19 vaccine will be moved elsewhere. Separately, J&J expanded a trial of its Covid-19 vaccine to include 12- to 17-year-olds.\nTribune Co. (TPCO) – Tribune received a $680 million takeover bid – worth $16.50 per share – from Choice Hotels Chairman Stewart Bainum and Swiss billionaire Hansjorg Wyss. That tops a $635 million deal that the newspaper publisher had previously agreed to with hedge fund Alden Global Capital.\nPinterest (PINS) – The image-sharing website operator is in talks to buy photo app company VSCO, according to The New York Times. A potential deal price could not be determined, but VSCO was most recently valued at $550 million. Pinterest shares rose 2.4% in the premarket.\nGeneral Motors (GM),Ford Motor (F) – Wells Fargo began coverage of both automakers with ratings of “overweight,” pointing to Ford’s faster turnaround under new CEO Jim Farley and GM’s leading position in electric vehicles and connectivity. GM shares added 1.7% in premarket action, while Ford rose 1.5%.\nPioneer Natural (PXD) – Pioneer Natural struck a deal to buy privately held rival shale producer DoublePoint Energy for about $6.4 billion, continuing the consolidation trend in the shale industry. Pioneer shares fell 3.5% in premarket trading.\nModerna (MRNA) – Moderna received Food and Drug Administration approval to fill Covid-19 vaccine vials with up to 15 doses, up from the previous 10 doses. Moderna said it expects to begin shipping the 15-dose vials within a few weeks, and its stock rose 0.7% in premarket trading.\nMorgan Stanley (MS) – Morgan Stanley said it would increase its dividend as soon as restrictions are lifted by the Federal Reserve. The Fed is scheduled to release the next round of bank stress test results in June. Morgan Stanley rose 1.3% in the premarket.\nPlanet Fitness (PLNT) – The fitness chain is planning to add up to 100 new locations in the coming fiscal year, adding to its current total of more than 2,100. CFO Tom Fitzgerald told The Wall Street Journal the company also wants to boost investment in its app.\nLamb Weston (LW) – Shares of the foodservice company gained 1.9% in the premarket after Bank of America Securities upgraded it to “buy” from “neutral” and raised the price target to $100 per share from $84 a share. BofA said the company is poised to approach pre-Covid business levels, with demand improving.","news_type":1},"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349281133,"gmtCreate":1617615759022,"gmtModify":1704700868335,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349281133","repostId":"1103962313","repostType":4,"repost":{"id":"1103962313","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617613431,"share":"https://ttm.financial/m/news/1103962313?lang=&edition=fundamental","pubTime":"2021-04-05 17:03","market":"us","language":"en","title":"Tesla shares surged 6.5% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1103962313","media":"Tiger Newspress","summary":"Tesla shares surged 6.5% to $704.4 in premarket trading.Tesla delivered more than expected in the fi","content":"<p>Tesla shares surged 6.5%&nbsp;to&nbsp;$704.4 in premarket trading.</p><p>Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.</p><p><img src=\"https://static.tigerbbs.com/0177d428b3156542cecf3b3dabde867e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.</p><p>Following the quarterly production and delivery numbers, Wedbush analyst&nbsp;Daniel Ives&nbsp;upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares surged 6.5% in premarket 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\">\nTesla shares surged 6.5% in premarket 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\">2021-04-05 17:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla shares surged 6.5%&nbsp;to&nbsp;$704.4 in premarket trading.</p><p>Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.</p><p><img src=\"https://static.tigerbbs.com/0177d428b3156542cecf3b3dabde867e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.</p><p>Following the quarterly production and delivery numbers, Wedbush analyst&nbsp;Daniel Ives&nbsp;upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103962313","content_text":"Tesla shares surged 6.5% to $704.4 in premarket trading.Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.Following the quarterly production and delivery numbers, Wedbush analyst Daniel Ives upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349963436,"gmtCreate":1617521546225,"gmtModify":1704700215340,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Tech stocks volatile","listText":"Tech stocks volatile","text":"Tech stocks 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UP","images":[{"img":"https://static.tigerbbs.com/32e41b62729d31a1b1da6b824f75f6ca","width":"750","height":"2352"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354779357","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":354744198,"gmtCreate":1617203483014,"gmtModify":1704697291160,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great News.&nbsp;","listText":"Great News.&nbsp;","text":"Great 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?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353418889","repostId":"1103677438","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353551201,"gmtCreate":1616509206303,"gmtModify":1704795085840,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Good news!&nbsp;","listText":"Good news!&nbsp;","text":"Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353551201","repostId":"1195122405","repostType":4,"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353376084,"gmtCreate":1616465460648,"gmtModify":1704794434930,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"BABA all the way!!! ?","listText":"BABA all the way!!! ?","text":"BABA all the way!!! ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353376084","repostId":"1163218484","repostType":2,"repost":{"id":"1163218484","kind":"news","pubTimestamp":1616403428,"share":"https://ttm.financial/m/news/1163218484?lang=&edition=fundamental","pubTime":"2021-03-22 16:57","market":"hk","language":"en","title":"Alibaba: A Value And Growth Stock At Current Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1163218484","media":"seekingalpha","summary":"At current prices, Alibaba is now both a growth and value stock.This article will assess Alibaba's attractive growth prospects and the company's valuation.Alibaba will be able to enjoy stable growth from their commerce business in the next decade.The company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.Alibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.Earlier ","content":"<p><b>Summary</b></p>\n<ul>\n <li>At current prices, Alibaba is now both a growth and value stock.</li>\n <li>This article will assess Alibaba's attractive growth prospects and the company's valuation.</li>\n <li>Alibaba will be able to enjoy stable growth from their commerce business in the next decade.</li>\n <li>The company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.</li>\n <li>Alibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b6823bb4926a0de6a0dba52057262b1\" tg-width=\"768\" tg-height=\"508\"><span>Photo by maybefalse/iStock Unreleased via Getty Images</span></p>\n<p><b>Value Meets Growth</b></p>\n<p>Earlier in January, I conducted a fundamental analysis on Alibaba (BABA), and explained how it the company was undervalued as a result of an overreaction due to regulatory fears.Two months on, the stock had seen a spectacular rise back to the ~$270 levels and came tumbling back to the ~$230 levels as a result of the tech sell-off. This presents another golden opportunity for investors to pick up a great business at a fantastic price.</p>\n<p>In this article, I will analyse the growth opportunities of Alibaba and explain why I believe that the company will be able to sustain high growth rates of ~20%-30% over the next decade. As a result, buying Alibaba today gives investors a rare opportunity of buying both a value and growth stock!</p>\n<p><b>A Quick Recap</b></p>\n<p>Alibaba has four main business segments, namely: Core Commerce, Cloud Computing, Digital Media &amp; Entertainment and Innovation Initiatives. The company also has a 33% equity stake in Ant Financial as well as a diverse portfolio of investments. The following figure shows a detailed breakdown of Alibaba's business segments and brands.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bceb440f06e8958f52eb589475fc82cf\" tg-width=\"640\" tg-height=\"241\"><span>Source: Author's Compilation From Alibaba's 2020 Investor Day Presentation</span></p>\n<p>Notable changes from 2019's Investor Day include:</p>\n<ul>\n <li>Increasing its stake in EV maker Xpeng(NYSE:XPEV)from 3.2% to 19% in end 2020</li>\n <li>Taking a controlling stake of 72% in Sun Art(OTCPK:SURRY), a leading hypermarket and supermarket operator in China in October 2020</li>\n <li>Shutting down of Xiami music streaming platform in February 2021</li>\n</ul>\n<p>While Alibaba is actively developing each of these segments, my following growth analysis will be more focused on the Core Commerce and Cloud Computing segments as they are the key revenue contributors to Alibaba (86% and 8% of FY20 revenue respectively) and experience the best growth tailwinds.</p>\n<p>Sustainable Growth In Core CommerceE-Commerce In China&nbsp;<b>Continual Growth In China's E-Commerce Industry</b></p>\n<p>Alibaba's legacy business, its Chinese e-commerce platforms will continue to benefit from the growth in consumer spending and e-commerce penetration in China. Although this segment will no longer see explosive growth, retail e-commerce sales in China is still expected to grow at a steady pace.</p>\n<p>In 2021, e-commerce is forecasted to account for more than 50% of total retail sales in the country and this percentage will increase about ~2% per year thereafter. Growth in retail e-commerce sales will slowly taper down, but annual growth will remain in the 10% range after 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/756074b4a628637b6f63ca0f24a2657b\" tg-width=\"471\" tg-height=\"473\"><span>Source: eMarketer.com</span></p>\n<p>While this is not an astonishing growth rate, a ~10% yearly growth for a maturing business segment is certainly positive for the company. This also helps Alibaba generate an increasing amount of cash flow which can be deployed to develop other business segments and create new sources of income.</p>\n<p><b>Growth In Chinese Consumer Spending</b></p>\n<p>One major factor that can significantly affect the trajectory of the e-commerce industry is the consumer spending of Chinese citizens.</p>\n<p>According to a&nbsp;report&nbsp;by Morgan Stanley in January 2021, “Chinese consumer spending is set to more than double in ten years.” China’s private consumption was $5.6 trillion in 2019 and is expected to reach $12.7 trillion by 2030, the same amount which American’s currently spend. By 2030, disposable income per capita is also expected to rise proportionally, from $6,000 a year to $12,000, representing a CAGR of 7% over the next decade.</p>\n<p>This trend is mainly driven by an ageing population as the age groups with the highest purchasing power retire or have families, resulting in an increase in spending. Therefore, should Alibaba be able to tap onto this emerging market by focusing on family and elderly related products such as healthcare items, it would help the company sustain high growth rates in its local e-commerce business for the next decade.</p>\n<p><b>Live Streaming As A Sales Medium</b></p>\n<p>In recent years, live streaming as a sales medium has gained huge popularity in China. According to&nbsp;Coresight, life streaming sessions are real time \"broadcasting of video content by presenters such as social media influencers that model or try out products.\" Users will then be able to purchase the product by clicking an embedded link. Products advertised during live streaming are usually sold at a discounted price and there are limited quantities for sale, which explains why so many consumers tune in to hunt for bargains. The figure below shows how a typical live streaming session looks like.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11036cc14b9aacf03ae2f6a71af8b9b9\" tg-width=\"640\" tg-height=\"610\"><span>Source: WalkTheChat</span></p>\n<p>Live streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.</p>\n<p>Live-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.</p>\n<p>On Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.</p>\n<p>The growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.</p>\n<p>E-Commerce Expansion Into South East Asia (SEA)</p>\n<p>As the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:</p>\n<ul>\n <li>A Retail Situation That Is Similar To That Of China 10 Years Ago</li>\n <li>Favourable Industry Trends</li>\n <li>Strong Market Position</li>\n</ul>\n<p><b>A Familiar Retail Situation</b></p>\n<p>The current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.</p>\n<p>This makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.</p>\n<p>Live streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.</p>\n<p>Live-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.</p>\n<p>On Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.</p>\n<p>The growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.</p>\n<p>E-Commerce Expansion Into South East Asia (SEA)</p>\n<p>As the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:</p>\n<ul>\n <li>A Retail Situation That Is Similar To That Of China 10 Years Ago</li>\n <li>Favourable Industry Trends</li>\n <li>Strong Market Position</li>\n</ul>\n<p><b>A Familiar Retail Situation</b></p>\n<p>The current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.</p>\n<p>This makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6d6fb227b8c656b6877c05cda10bc05\" tg-width=\"640\" tg-height=\"250\"><span>Source: Alibaba 2020 Investor Day Presentation</span></p>\n<p><b>Favourable Industry Trends</b></p>\n<p>Apart from the SEA market resembling China ten years ago, the region is also experiencing very positive trends regarding income growth, consumer spending growth and e-commerce penetration, all of which will accelerate Alibaba’s developments in the region.</p>\n<p>1. A Rapidly Expanding Market</p>\n<p>According to&nbsp;Mashable, Southeast Asia’s internet economy hit the US$100 billion mark at the end of 2019, and e-commerce was the largest sector contributing to this figure. Out of $100 billion, e-commerce platforms made US$38 billion!</p>\n<p>Looking ahead, the region’s online market value is expected to rise to US$300 billion by 2025, and e-commerce will be one of the greatest benefactors of this growth.</p>\n<p>2. COVID-19 Accelerated E-Commerce User-ship</p>\n<p>According to report by Facebook and Bain &amp; Company in August 2020, the number of digital consumers in SEA will reach 310 million by the end of 2020. This figure was originally expected to be hit in 2025 according to their 2019 study. It is likely that the emergence of COVID-19 had accelerated e-commerce adaptation in the region, condensing five years worth of growth into one!</p>\n<p>In the following years, the report predicts that the number of digital consumers will continue growing at a fast pace, with a revised figure of 340 million by 2025. I wouldn’t be too surprised if this figure was also exceeded in the next year or two considering the rapid advancements in technology in the region.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/908582f41e5c35b3d4ea07100fbe40fd\" tg-width=\"640\" tg-height=\"470\"><span>Source: Facebook and Bain &amp; Company Report</span></p>\n<p>3. Increasing Consumer Spending</p>\n<p>SEA countries have recorded one of the highest growths in online spending in the past years. From the chart below, we can see that SEA nations (highlighted in yellow) have been experiencing high yearly growth rates of &gt;15% in online spending.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57f4d6765dd4d059ba13ba9d859c6b48\" tg-width=\"640\" tg-height=\"352\"><span>Source: Techpinas.com</span></p>\n<p>This growth is expected to remain high in the coming years with the same report by Facebook and Bain &amp; Company predicting a 3.5x increase in online spending over 2018 amounts by 2025. (This figure was previously 3.2x in 2019). As of 2020, the average gross merchandise value (GMV) in the region is an estimated US$172 per person. This pales in comparison with China’s ~US$1400 GMV per person as calculated using figures from Alibaba’s 2020 annual report (RMB 6,589,000m GMV/ 726m Annual Active Consumers *0.15 Exchange Rate), indicating a huge runway for growth. Just by simply catching up to the average spend per consumer in China, SEA’s e-commerce GMV would increase 8x!</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d2ad0cc4c3fb4bc0fe134e91d7822a6\" tg-width=\"640\" tg-height=\"437\"><span>Source: Facebook and Bain &amp; Company Report</span></p>\n<p>4. Numerous Catalyst For Growth</p>\n<p>Over the next decade, apart from the trends mentioned, there are also numerous favourable factors which will drive this growth or provide an added boost to this developing industry. The catalysts for growth include:</p>\n<ul>\n <li>Population Increase</li>\n <li>Rising Disposable Income</li>\n <li>Greater Mobile Phone Ownership — Driven by falling phone prices</li>\n <li>Faster Internet Speed — Improves efficiency and convenience</li>\n</ul>\n<p>Currently, all of these factors are trending upwards, which is very positive news for the SEA e-commerce industry!</p>\n<p><b>A Strong Market Position</b></p>\n<p>Currently, the two main e-commerce players in SEA are Alibaba (through Lazada and Tokopedia) as well as Sea (through Shopee). Alibaba and Sea operate in a “duopoly” in the SEA e-commerce space. Hence, Alibaba is well positioned to capture much of the growth from the booming e-commerce industry in SEA.</p>\n<p>As shown in the figure below, Alibaba-owned Lazada is currently the top e-commerce application in all SEA countries except Singapore. However, Carousell is not direct competition to Lazada as the former is more of a C2C marketplace to sell secondhand items. Additionally, Lazada also gained market share in Vietnam as it was ranked 2nd behind Shopee in 2019.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17c2674331dd7f0c33ce2cc9ae89b8e9\" tg-width=\"640\" tg-height=\"341\"><span>Source: Nativex</span></p>\n<p>While Alibaba's current market position remains superior, Sea-owned Shopee is providing Alibaba with extremely strong competition in the region and Lazada will need to actively improve its services and offerings to maintain its market position.</p>\n<p>In conclusion, SEA is a huge growth opportunity for Alibaba’s e-commerce business due to a familiar retail situation, rapidly increasing income levels, rising consumer spending and a more widespread adoption of e-commerce. Being a market leader will also allow Alibaba to benefit the most from the growth of this market.</p>\n<p><b>Strong Growth Expected In Local Services</b></p>\n<p>An often overlooked part of Alibaba's core commerce business are its local services which mainly consists of Alibaba's online-to-offline (O2O) food delivery service. This is another industry in China which is experiencing a secular increase in penetration and adoption rate.</p>\n<p>Over the past five years, the number of online food delivery users have quadrupled, although it saw a slight drop in 2020 due to the COVID-19 pandemic. Unlike most countries whereby lockdowns in 2020 caused a spike in food delivery users, strict pandemic prevention rules in China resulted in a temporary drop in food delivery users as delivery drivers were unable to enter certain residential areas. Following the peak of the pandemic, food delivery usage quickly rose back to 2019 levels. With low rates of infection within the country, it is likely that food delivery services will continue to gain steam and increase in usage in the following years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd5831a87f6cc2e73eab37213f859760\" tg-width=\"640\" tg-height=\"415\"><span>Source: Statista</span></p>\n<p>As of December 2020, China had&nbsp;986 million&nbsp;mobile internet users. This means that the O2O food delivery penetration rate is still below 50%, implying a large runway for growth in this industry.</p>\n<p>Between 2021-2026,EMR&nbsp;expects the Chinese online food delivery market to grow at an astonishing CAGR of 112%. There are many tailwinds that will fuel this growth, namely:</p>\n<ul>\n <li>The convenience of online food delivery</li>\n <li>Online delivery is already integrated into everyday apps like WeChat and Alipay</li>\n <li>More young people do not have the time and/or ability to cook</li>\n <li>An already large internet mobile population</li>\n</ul>\n<p>If the online food delivery industry can achieve anything near of the predicted growth rate, Alibaba’s local delivery service will deeply benefit and become an important driver of revenue growth. Furthermore, the company also aims to widen the delivery services it provides to beyond food, which would provide more growth opportunities.</p>\n<p><b>Innovations In New Retail Could Spur Growth</b></p>\n<p>Another lesser-known part of Alibaba's commerce business is New Retail, where the company aims to combine the online and offline shopping experience. Alibaba's expansion into new retail includes departmental store chain Intime and supermarket Hema. You can refer to my previous&nbsp;article&nbsp;to learn more about Alibaba's new retail.</p>\n<p>New Retail is currently Alibaba's fastest growing commerce segment, contributing approximately 20% of commerce revenue. As Alibaba expands its new retail segment to include more brick and mortar businesses (e.g., acquiring a controlling stake in hypermarket Sun Art in 2020 where it plans to push more new retail strategies), this segment will continue to be a strong revenue driver for the company.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/253d16bea23dcb43969c282ffeba9710\" tg-width=\"640\" tg-height=\"266\"><span>Source: Author's Illustrations</span></p>\n<p>According to Jack Ma, the transition to new retail will take a total of 12 years. As of today, we are only five years in. Given the positive results showed in the early stages, I believe that new retail will be able to establish Alibaba's presence and leadership in both online and offline retail, effectively increasing its total addressable market and future revenues.</p>\n<p>Capturing The Cloud Industry's Rapid Growth</p>\n<p>Apart from the numerous opportunities for growth and expansion in the commerce sector, Alibaba's cloud computing business will likely be the segment that poses huge growth figures.</p>\n<p>The cloud computing market is a rising industry in China as cloud services is part of the nation's drive to upgrade its economy by incorporating a range of new technologies such as big data and AI. This is reflective in the “Made In China 2025” Plan which places a key emphasis on IT development and independence.</p>\n<p>Cloud Services in China are considered “a few years” behind the US in adaptation and development, with China cloud market share being13.7%of global cloud demand, less than would be expected for a market of its size.</p>\n<p>For Alibaba, cloud computing is now their main business focus after commerce as they believe in the prospects and profitability of the industry.</p>\n<blockquote>\n I think cloud will be the main business of Alibaba in the future”, reflecting the direction that Alibaba is pivoting its business to. \n</blockquote>\n<blockquote>\n -- Alibaba CEO Daniel Zhang in a&nbsp;CNBC Interview\n</blockquote>\n<p><b>Rapid Industry Growth</b></p>\n<p>In the past five years, Alibaba’s cloud segment revenue has grown at an astonishing CAGR of 99%. As China’s cloud industry is still at a developing phase, we can continue to expect strong growth from both the company and industry.</p>\n<p>According&nbsp;to a white paper by the Development Research Center (DRC) of the State Council, it predicts that China’s domestic cloud industry will exceed 300 billion yuan by 2023 (up from 96 billion in 2018) and over “60% of the country’s businesses and government agencies will rely on cloud computing as an integral part of their daily operations”.</p>\n<p>Long term wise, China’s cloud industry still has a very long runway to develop. In 2019, China’s total&nbsp;cloud spending&nbsp;was only 8.4% of the US, but its GDP was 67% of the US and growing at a quicker pace. As China catches up with the US in cloud development and usage rates, they will likely experience strong, secular growth in its cloud industry minimally over the next decade.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e5eaee88c10086939b21d938301d044\" tg-width=\"640\" tg-height=\"413\"><span>Source: Geekwire</span></p>\n<p>Internationally, Alibaba Cloud is also slowly gaining market share and an expansion into overseas markets especially South East Asia could be very beneficial for the company’s cloud growth.</p>\n<p><b>Catalyst For Cloud Development</b></p>\n<p>Other catalysts for the growth of cloud computing in China include:</p>\n<ul>\n <li>China has the largest internet population in the world — \"generating a huge amount of data that needs to be stored securely and analysed for insights in a cost-effective manner\", according to&nbsp;SCMP</li>\n <li>5G Mobile Networks</li>\n <li>“Internet Plus” Strategy introduced in 2015 which seeks to integrate the mobile internet, cloud computing, big data and IoT applications to modernise industries and manufacturing</li>\n <li>COVID-19 has accelerated the move towards cloud adaptation</li>\n</ul>\n<p><b>A High Margin &amp; Profitable Business Model</b></p>\n<p>Apart from high growth rates, success in the cloud business can profoundly enhance Alibaba's bottom line due to its high margins.</p>\n<p>For example, cloud accounts for only 1/9th of Amazon's revenue, yet it contributes 60% of operating profits, reflecting the profitability in this business.</p>\n<p>In the past years, operating margins for the cloud segment of market leaders such as AWS has hovered around the high twenties. As of 4Q20, AWS' operating margin improved to ~30% and it is expected to continue rising to 35% within the next two years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e974af686cc46beba5dfc1c011db901\" tg-width=\"640\" tg-height=\"473\"><span>Source: Geekwire</span></p>\n<p>Therefore, development of cloud services can both provide strong revenue growth as well as a reversal of Alibaba's falling operating margins. Revenue growth and margin expansion is an extremely ideal situation for shareholders since this will result in a greater rise in net income.</p>\n<p><b>Alibaba Is Well Positioned To Capture This Growth</b></p>\n<p>While industry growth is positive news, a high growth industry will inevitably attract multiple players, resulting in stiff competition. However, I believe that Alibaba will be able to stand out from the competition as:</p>\n<ol>\n <li>It has a first mover advantage</li>\n <li>It is the current cloud market leader in China by a huge margin</li>\n <li>There are only two main competitors — Tencent(OTCPK:TCEHY)and Baidu(NASDAQ:BIDU)</li>\n <li>China has a more developed IT Infrastructure than the US, hence less money is required to redevelop decade old infrastructure and replace it with the networks required for cloud computing</li>\n</ol>\n<p>Elaborating on points 2 and 3, as of 2Q20, Alibaba Cloud has the bulk of China's&nbsp;market share&nbsp;at 40%, while its closest rivals Tencent Cloud and Huawei Cloud have about 15% each. Even as competitors develop aggressively, Alibaba still remains the market leader by a huge margin, reflecting its superiority over competitors.</p>\n<p><b>Cloud Is Becoming Profitable</b></p>\n<p>Since entering the cloud industry in 2009, Alibaba's cloud business has always been unprofitable as the company splashed the cash to develop high quality infrastructure and attract customers. Similarly for Amazon, AWS took over 10 years to become profitable.</p>\n<p>After many years of draining the company's operating cash flows, Alibaba's cloud segment is finally showing signs of profitability as the company reported its first positive EBITA in 4Q20. Alibaba believes that full year profitability will be possible within the next fiscal year or two.</p>\n<p>Other Avenues Of Growth</p>\n<p>Apart from strong growth in commerce and cloud, the following avenues will also help the company to increase income in the long run.</p>\n<p><b>Making Strategic Investments</b></p>\n<p>Apart from its core businesses, Alibaba has a portfolio of equity stakes in multiple companies. I will categorise these investments into two broad groups: Investments into \"complementary\" businesses and investments into unrelated growth sectors.</p>\n<p>By making investments in related businesses, Alibaba can reduce competition and broaden its reach, thereby benefiting its current core businesses. For example, Alibaba acquired Kaola, a cross-border e-commerce platform in September 2019 and integrated it into Tmall, effectively consolidating the industry. In 2019, Alibaba's Tmall had 25% of the cross border e-commerce market while Kaola had 27.5% of the market. With the acquisition, Alibaba will now be the outright market leader in this e-commerce segment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00e2116a75cbfc02917c115917ab6a2a\" tg-width=\"549\" tg-height=\"252\"><span>Source: Advangent.com</span></p>\n<p>On the other hand, Alibaba's equity stake in rather \"unrelated\" businesses in a large prospective market allows the company to tap on the large growth potential of a new industry which it may not necessarily have the expertise to directly compete in. For example, Alibaba entered the lucrative EV market with a 14% equity stake in Xpeng. Assuming Xpeng can thrive in this industry and emerge as a top producer within the next decade, the company could be worth ~US$150 billion, which is the current market capitalisation of the world's largest automaker Volkswagen. If this theoretical valuation is achieved, Alibaba's stake would be worth US$20 billion!</p>\n<p>Considering that Alibaba is a cash rich company, small investments in attractive growth companies will not put a huge dent in the company's financials. On the flip side, if the investment plays out well, Alibaba could see huge returns on their investments. As Mohnish Pabrai always says, \"Heads I Win, Tails I Don't Lose Much!\"</p>\n<p><b>Divesting Non-Core Businesses</b></p>\n<p>While Alibaba continually expands its network of businesses and investments, is important to understand that not all ventures will succeed. For those that still remain in a poor position after many years of capital injection and developments, sometimes the best solution is to cut it off.</p>\n<p>And this is what Alibaba does. Take Xiami as an example. Xiami was acquired in 2013 under Alibaba's digital media &amp; entertainment business to compete in the lucrative music streaming industry which was then dominated by Tencent. Despite its efforts of aggressively developing and promoting Xiami, Xiami was unable to substantially grow its user-base and has always been a loss-making business. As of January 2021, Xiami only commanded \"2 per cent of China's music streaming market, behind KuGou Music, QQ Music, KuWo, and NetEase Cloud Music\" asreportedby TalkingData. As a result, Alibaba announced that it would shut down its music streaming platform within the next month.</p>\n<p>With no viable route to profitability and a poor market position in a very competitive industry, I believe that this was a smart business decision as it allows the company to cut losses, minimise operating expenses and focus on other more successful ventures.</p>\n<p>Therefore, Alibaba has shown that it is not only capable at making shrewd investments, it also knows when to cut its losses and move on when necessary.</p>\n<p><b>Ant Financial</b></p>\n<p>For many investors, Alibaba's foray into the fin-tech industry via Ant Financial would be a major catalyst for growth for the company. However, I am not going to include this as a main growth driver as Ant's restructuring is still incomplete and we do not know the full impact that regulations will have on Ant. Therefore, until we have a clearer picture on Ant's updated structure, business model and strategy, I will not be able to provide a concise growth forecast for this segment.</p>\n<p>However, as Ant's Alipay is the leading mobile payment platform in China along with WeChat pay, Ant will certainly benefit from the rise in Chinese consumer spending over the next decade as well as the increasing adaptation of mobile payment methods in more rural parts of the country.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e28f81a44ee1faefde4ca73952472151\" tg-width=\"640\" tg-height=\"371\"><span>Source: Daxue Consulting</span></p>\n<p>Apart from payments, Ant Financial also provides services which covers every aspect of a consumer's financial journey, from insurance to loans to investments. These services will also benefit from the growing affluence of the Chinese middle class. If the all-in-one Alipay app is able to induce consumer stickiness to its products, or further \"trap\" consumers within Alibaba's wide range of services, Ant could further improve Alibaba's already strong network effect and help the company increase revenue by up-selling or cross-selling consumers.</p>\n<p><b>Evaluation Of Alibaba's Growth Prospects</b></p>\n<p>After analysing Alibaba's growth prospects in its various segments, I believe that the cloud computing business will be Alibaba's main driver of growth for the next decade. This segment should be able to increase earnings at a 30-40% growth rate for the next five years considering that it will turn profitable soon and can help in expanding the company's margins..</p>\n<p>Alibaba's legacy Chinese e-commerce business will likely see declining growth rates as the industry is maturing, but its expansion into SEA, local services and new retail will provide a boost to this business segment. These three businesses are all still in their infancy and in an industry, which is yearning to take off. Strong market positions in these industries will ensure that Alibaba can capture a large proportion of this growth. As a result, I believe that Alibaba's core commerce segment as a whole can easily achieve growth rates of 15%-25% in the next five years.</p>\n<p>At this point, the success of Alibaba's strategic investments and equity stake in Ant Financial is still difficult to quantify. However, they are currently heading in the right direction and the management has demonstrated its ability to extract a lot of value from their investments, be it by complementing current businesses or through an increase in valuation. Therefore, I am optimistic that Alibaba's portfolio of investments (including Ant) will provide tailwinds for the company's growth.</p>\n<p><b>Current Valuation Of Alibaba</b></p>\n<p>In my previousarticle, I did a Sum-Of-The-Parts (SOTP) valuation approach for Alibaba. For this valuation, I will also be using a SOTP valuation, but adopting an even more conservative approach to protect myself from what seems to be an inevitable market downturn.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60970c1f02270ea3d812e0603b44a197\" tg-width=\"640\" tg-height=\"444\"><span>Source: Author's calculations</span></p>\n<p><b>Assumptions &amp; Estimates Used</b></p>\n<ul>\n <li>All figures are in RMB unless otherwise stated</li>\n <li>USD to RMB exchange rate used is 1:7</li>\n <li>Earnings &amp; revenue estimates are for Fiscal Year 2021 which ends on 31/3/21</li>\n <li>Y-o-y growth estimates are 20% for core commerce, 50% for cloud computing, 3% for digital media &amp; entertainment and 0% for innovation initiatives. These estimates are slightly lower than the released 9M21 vs 9M20 figures</li>\n <li>Conservatively, Ant Financial is now valued at US$108 billion, according to the latest valuation by&nbsp;Bloomberg</li>\n <li>The value of \"Other Strategic Investments\" is adapted from Alibaba's 2020 Investor Day presentation</li>\n <li>Balance sheet information is from the company's latest 10-Q</li>\n</ul>\n<p><b>Price Multiples Used</b></p>\n<p>For Alibaba's core commerce business, the two multiples used are very conservative as Alibaba's historical average P/E is around 39. The reason for using a more conservative P/E is very simple. Alibaba's core commerce business will no longer experience exponential growth in the years ahead, therefore a few years from now, the core commerce business will unlikely command such a high multiple.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/267ced3b0a87b74cb78f90024fba03dd\" tg-width=\"640\" tg-height=\"457\"><span>Source:Analyst Prep</span></p>\n<p>With reference to an industry life cycle model, I will estimate Alibaba's core commerce business to be somewhere between the \"growth\" and \"shake-out\" stage now.</p>\n<p>Taking the 10-year P/E average of other e-commerce companies (JD(NASDAQ:JD), eBay(NASDAQ:EBAY)and Rakuten(OTCPK:RKUNY)), I arrive to a multiple of 25. Amazon(NASDAQ:AMZN)has been excluded as I personally think that it's extremely high P/E is unsustainable in the long run. A P/E of 25 is realistic as large commerce chains which are currently in a mature industry (Walmart(NYSE:WMT), Target(NYSE:TGT), Costco(NASDAQ:COST)) trade at a 10-year average P/E of ~20. Once e-commerce reaches \"mature\" stage, it should trade on a similar multiple to its retail &amp; commerce peers. However, due to its much higher margins, I believe that Alibaba will trade at a slight premium, therefore a base case multiple of 25 is appropriate.</p>\n<p>For the cloud computing industry, cloud businesses are currently trading at Price to Revenue multiples between 10x to 15x. In 2019, AWS traded at a multiple of ~12 hence this will be my base case estimate.</p>\n<p>The digital media &amp; entertainment business's multiple is derived from the 10-year average of Netflix(NASDAQ:NFLX)and iQiyi(NASDAQ:IQ)while innovation initiatives &amp; others takes the multiple of the US IT sector.</p>\n<p><b>Conclusion</b></p>\n<p>At a price below $239, Alibaba is trading at a valuation even lower than its bear case, and this valuation model by itself is already extremely conservative. Therefore, investing in Alibaba today not only comes with spectacular growth opportunities, but also an equally amazing margin of safety. Should prices continue to fall from here, I will not hesitate to continue adding to my Alibaba positions.</p>\n<p>Finally, as I was writing this article, there were rumours that the Chinese government had asked Alibaba to dispose their media assets as they were concerned about Alibaba's ability to sway public sentiment. In the meantime, the key assets in concern are the South China Morning Post and several other news and media outlets. This may not necessarily be bad for the company as divestment of these assets would allow them to shore up cash to meet the regulatory requirements for Ant Financial. Such a move could also elevate the company's favourability with the government. Overall, insiders have stated that it is unlikely that Alibaba will need to divest its entertainment business, hence this regulatory concern seems to be more focused on Alibaba's media assets and will not affect the company's commerce, cloud or entertainment business, which are much more important to the company.</p>\n<p>I will not go on with all the risks associated with this investment as I have already assessed them in my previous article. As an ending remark, I will note that investing in Alibaba is indeed riskier due to the regulatory concerns both in US and China. However, if you are able to stomach the added risk and volatility, Alibaba currently gives you a very good opportunity to capitalise on the growth of China and comes at a price with a huge margin of safety baked in to protect investors from the potential downside risks.</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: A Value And Growth Stock At Current Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: A Value And Growth Stock At Current Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAt current prices, Alibaba is now both a growth and value stock.\nThis article will assess Alibaba's attractive growth prospects and the company's valuation.\nAlibaba will be able to enjoy ...</p>\n\n<a href=\"https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices\">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","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163218484","content_text":"Summary\n\nAt current prices, Alibaba is now both a growth and value stock.\nThis article will assess Alibaba's attractive growth prospects and the company's valuation.\nAlibaba will be able to enjoy stable growth from their commerce business in the next decade.\nThe company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.\nAlibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.\n\nPhoto by maybefalse/iStock Unreleased via Getty Images\nValue Meets Growth\nEarlier in January, I conducted a fundamental analysis on Alibaba (BABA), and explained how it the company was undervalued as a result of an overreaction due to regulatory fears.Two months on, the stock had seen a spectacular rise back to the ~$270 levels and came tumbling back to the ~$230 levels as a result of the tech sell-off. This presents another golden opportunity for investors to pick up a great business at a fantastic price.\nIn this article, I will analyse the growth opportunities of Alibaba and explain why I believe that the company will be able to sustain high growth rates of ~20%-30% over the next decade. As a result, buying Alibaba today gives investors a rare opportunity of buying both a value and growth stock!\nA Quick Recap\nAlibaba has four main business segments, namely: Core Commerce, Cloud Computing, Digital Media & Entertainment and Innovation Initiatives. The company also has a 33% equity stake in Ant Financial as well as a diverse portfolio of investments. The following figure shows a detailed breakdown of Alibaba's business segments and brands.\nSource: Author's Compilation From Alibaba's 2020 Investor Day Presentation\nNotable changes from 2019's Investor Day include:\n\nIncreasing its stake in EV maker Xpeng(NYSE:XPEV)from 3.2% to 19% in end 2020\nTaking a controlling stake of 72% in Sun Art(OTCPK:SURRY), a leading hypermarket and supermarket operator in China in October 2020\nShutting down of Xiami music streaming platform in February 2021\n\nWhile Alibaba is actively developing each of these segments, my following growth analysis will be more focused on the Core Commerce and Cloud Computing segments as they are the key revenue contributors to Alibaba (86% and 8% of FY20 revenue respectively) and experience the best growth tailwinds.\nSustainable Growth In Core CommerceE-Commerce In China Continual Growth In China's E-Commerce Industry\nAlibaba's legacy business, its Chinese e-commerce platforms will continue to benefit from the growth in consumer spending and e-commerce penetration in China. Although this segment will no longer see explosive growth, retail e-commerce sales in China is still expected to grow at a steady pace.\nIn 2021, e-commerce is forecasted to account for more than 50% of total retail sales in the country and this percentage will increase about ~2% per year thereafter. Growth in retail e-commerce sales will slowly taper down, but annual growth will remain in the 10% range after 2021.\nSource: eMarketer.com\nWhile this is not an astonishing growth rate, a ~10% yearly growth for a maturing business segment is certainly positive for the company. This also helps Alibaba generate an increasing amount of cash flow which can be deployed to develop other business segments and create new sources of income.\nGrowth In Chinese Consumer Spending\nOne major factor that can significantly affect the trajectory of the e-commerce industry is the consumer spending of Chinese citizens.\nAccording to a report by Morgan Stanley in January 2021, “Chinese consumer spending is set to more than double in ten years.” China’s private consumption was $5.6 trillion in 2019 and is expected to reach $12.7 trillion by 2030, the same amount which American’s currently spend. By 2030, disposable income per capita is also expected to rise proportionally, from $6,000 a year to $12,000, representing a CAGR of 7% over the next decade.\nThis trend is mainly driven by an ageing population as the age groups with the highest purchasing power retire or have families, resulting in an increase in spending. Therefore, should Alibaba be able to tap onto this emerging market by focusing on family and elderly related products such as healthcare items, it would help the company sustain high growth rates in its local e-commerce business for the next decade.\nLive Streaming As A Sales Medium\nIn recent years, live streaming as a sales medium has gained huge popularity in China. According to Coresight, life streaming sessions are real time \"broadcasting of video content by presenters such as social media influencers that model or try out products.\" Users will then be able to purchase the product by clicking an embedded link. Products advertised during live streaming are usually sold at a discounted price and there are limited quantities for sale, which explains why so many consumers tune in to hunt for bargains. The figure below shows how a typical live streaming session looks like.\nSource: WalkTheChat\nLive streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.\nLive-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.\nOn Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.\nThe growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.\nE-Commerce Expansion Into South East Asia (SEA)\nAs the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:\n\nA Retail Situation That Is Similar To That Of China 10 Years Ago\nFavourable Industry Trends\nStrong Market Position\n\nA Familiar Retail Situation\nThe current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.\nThis makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.\nLive streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.\nLive-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.\nOn Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.\nThe growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.\nE-Commerce Expansion Into South East Asia (SEA)\nAs the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:\n\nA Retail Situation That Is Similar To That Of China 10 Years Ago\nFavourable Industry Trends\nStrong Market Position\n\nA Familiar Retail Situation\nThe current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.\nThis makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.\nSource: Alibaba 2020 Investor Day Presentation\nFavourable Industry Trends\nApart from the SEA market resembling China ten years ago, the region is also experiencing very positive trends regarding income growth, consumer spending growth and e-commerce penetration, all of which will accelerate Alibaba’s developments in the region.\n1. A Rapidly Expanding Market\nAccording to Mashable, Southeast Asia’s internet economy hit the US$100 billion mark at the end of 2019, and e-commerce was the largest sector contributing to this figure. Out of $100 billion, e-commerce platforms made US$38 billion!\nLooking ahead, the region’s online market value is expected to rise to US$300 billion by 2025, and e-commerce will be one of the greatest benefactors of this growth.\n2. COVID-19 Accelerated E-Commerce User-ship\nAccording to report by Facebook and Bain & Company in August 2020, the number of digital consumers in SEA will reach 310 million by the end of 2020. This figure was originally expected to be hit in 2025 according to their 2019 study. It is likely that the emergence of COVID-19 had accelerated e-commerce adaptation in the region, condensing five years worth of growth into one!\nIn the following years, the report predicts that the number of digital consumers will continue growing at a fast pace, with a revised figure of 340 million by 2025. I wouldn’t be too surprised if this figure was also exceeded in the next year or two considering the rapid advancements in technology in the region.\nSource: Facebook and Bain & Company Report\n3. Increasing Consumer Spending\nSEA countries have recorded one of the highest growths in online spending in the past years. From the chart below, we can see that SEA nations (highlighted in yellow) have been experiencing high yearly growth rates of >15% in online spending.\nSource: Techpinas.com\nThis growth is expected to remain high in the coming years with the same report by Facebook and Bain & Company predicting a 3.5x increase in online spending over 2018 amounts by 2025. (This figure was previously 3.2x in 2019). As of 2020, the average gross merchandise value (GMV) in the region is an estimated US$172 per person. This pales in comparison with China’s ~US$1400 GMV per person as calculated using figures from Alibaba’s 2020 annual report (RMB 6,589,000m GMV/ 726m Annual Active Consumers *0.15 Exchange Rate), indicating a huge runway for growth. Just by simply catching up to the average spend per consumer in China, SEA’s e-commerce GMV would increase 8x!\nSource: Facebook and Bain & Company Report\n4. Numerous Catalyst For Growth\nOver the next decade, apart from the trends mentioned, there are also numerous favourable factors which will drive this growth or provide an added boost to this developing industry. The catalysts for growth include:\n\nPopulation Increase\nRising Disposable Income\nGreater Mobile Phone Ownership — Driven by falling phone prices\nFaster Internet Speed — Improves efficiency and convenience\n\nCurrently, all of these factors are trending upwards, which is very positive news for the SEA e-commerce industry!\nA Strong Market Position\nCurrently, the two main e-commerce players in SEA are Alibaba (through Lazada and Tokopedia) as well as Sea (through Shopee). Alibaba and Sea operate in a “duopoly” in the SEA e-commerce space. Hence, Alibaba is well positioned to capture much of the growth from the booming e-commerce industry in SEA.\nAs shown in the figure below, Alibaba-owned Lazada is currently the top e-commerce application in all SEA countries except Singapore. However, Carousell is not direct competition to Lazada as the former is more of a C2C marketplace to sell secondhand items. Additionally, Lazada also gained market share in Vietnam as it was ranked 2nd behind Shopee in 2019.\nSource: Nativex\nWhile Alibaba's current market position remains superior, Sea-owned Shopee is providing Alibaba with extremely strong competition in the region and Lazada will need to actively improve its services and offerings to maintain its market position.\nIn conclusion, SEA is a huge growth opportunity for Alibaba’s e-commerce business due to a familiar retail situation, rapidly increasing income levels, rising consumer spending and a more widespread adoption of e-commerce. Being a market leader will also allow Alibaba to benefit the most from the growth of this market.\nStrong Growth Expected In Local Services\nAn often overlooked part of Alibaba's core commerce business are its local services which mainly consists of Alibaba's online-to-offline (O2O) food delivery service. This is another industry in China which is experiencing a secular increase in penetration and adoption rate.\nOver the past five years, the number of online food delivery users have quadrupled, although it saw a slight drop in 2020 due to the COVID-19 pandemic. Unlike most countries whereby lockdowns in 2020 caused a spike in food delivery users, strict pandemic prevention rules in China resulted in a temporary drop in food delivery users as delivery drivers were unable to enter certain residential areas. Following the peak of the pandemic, food delivery usage quickly rose back to 2019 levels. With low rates of infection within the country, it is likely that food delivery services will continue to gain steam and increase in usage in the following years.\nSource: Statista\nAs of December 2020, China had 986 million mobile internet users. This means that the O2O food delivery penetration rate is still below 50%, implying a large runway for growth in this industry.\nBetween 2021-2026,EMR expects the Chinese online food delivery market to grow at an astonishing CAGR of 112%. There are many tailwinds that will fuel this growth, namely:\n\nThe convenience of online food delivery\nOnline delivery is already integrated into everyday apps like WeChat and Alipay\nMore young people do not have the time and/or ability to cook\nAn already large internet mobile population\n\nIf the online food delivery industry can achieve anything near of the predicted growth rate, Alibaba’s local delivery service will deeply benefit and become an important driver of revenue growth. Furthermore, the company also aims to widen the delivery services it provides to beyond food, which would provide more growth opportunities.\nInnovations In New Retail Could Spur Growth\nAnother lesser-known part of Alibaba's commerce business is New Retail, where the company aims to combine the online and offline shopping experience. Alibaba's expansion into new retail includes departmental store chain Intime and supermarket Hema. You can refer to my previous article to learn more about Alibaba's new retail.\nNew Retail is currently Alibaba's fastest growing commerce segment, contributing approximately 20% of commerce revenue. As Alibaba expands its new retail segment to include more brick and mortar businesses (e.g., acquiring a controlling stake in hypermarket Sun Art in 2020 where it plans to push more new retail strategies), this segment will continue to be a strong revenue driver for the company.\nSource: Author's Illustrations\nAccording to Jack Ma, the transition to new retail will take a total of 12 years. As of today, we are only five years in. Given the positive results showed in the early stages, I believe that new retail will be able to establish Alibaba's presence and leadership in both online and offline retail, effectively increasing its total addressable market and future revenues.\nCapturing The Cloud Industry's Rapid Growth\nApart from the numerous opportunities for growth and expansion in the commerce sector, Alibaba's cloud computing business will likely be the segment that poses huge growth figures.\nThe cloud computing market is a rising industry in China as cloud services is part of the nation's drive to upgrade its economy by incorporating a range of new technologies such as big data and AI. This is reflective in the “Made In China 2025” Plan which places a key emphasis on IT development and independence.\nCloud Services in China are considered “a few years” behind the US in adaptation and development, with China cloud market share being13.7%of global cloud demand, less than would be expected for a market of its size.\nFor Alibaba, cloud computing is now their main business focus after commerce as they believe in the prospects and profitability of the industry.\n\n I think cloud will be the main business of Alibaba in the future”, reflecting the direction that Alibaba is pivoting its business to. \n\n\n -- Alibaba CEO Daniel Zhang in a CNBC Interview\n\nRapid Industry Growth\nIn the past five years, Alibaba’s cloud segment revenue has grown at an astonishing CAGR of 99%. As China’s cloud industry is still at a developing phase, we can continue to expect strong growth from both the company and industry.\nAccording to a white paper by the Development Research Center (DRC) of the State Council, it predicts that China’s domestic cloud industry will exceed 300 billion yuan by 2023 (up from 96 billion in 2018) and over “60% of the country’s businesses and government agencies will rely on cloud computing as an integral part of their daily operations”.\nLong term wise, China’s cloud industry still has a very long runway to develop. In 2019, China’s total cloud spending was only 8.4% of the US, but its GDP was 67% of the US and growing at a quicker pace. As China catches up with the US in cloud development and usage rates, they will likely experience strong, secular growth in its cloud industry minimally over the next decade.\nSource: Geekwire\nInternationally, Alibaba Cloud is also slowly gaining market share and an expansion into overseas markets especially South East Asia could be very beneficial for the company’s cloud growth.\nCatalyst For Cloud Development\nOther catalysts for the growth of cloud computing in China include:\n\nChina has the largest internet population in the world — \"generating a huge amount of data that needs to be stored securely and analysed for insights in a cost-effective manner\", according to SCMP\n5G Mobile Networks\n“Internet Plus” Strategy introduced in 2015 which seeks to integrate the mobile internet, cloud computing, big data and IoT applications to modernise industries and manufacturing\nCOVID-19 has accelerated the move towards cloud adaptation\n\nA High Margin & Profitable Business Model\nApart from high growth rates, success in the cloud business can profoundly enhance Alibaba's bottom line due to its high margins.\nFor example, cloud accounts for only 1/9th of Amazon's revenue, yet it contributes 60% of operating profits, reflecting the profitability in this business.\nIn the past years, operating margins for the cloud segment of market leaders such as AWS has hovered around the high twenties. As of 4Q20, AWS' operating margin improved to ~30% and it is expected to continue rising to 35% within the next two years.\nSource: Geekwire\nTherefore, development of cloud services can both provide strong revenue growth as well as a reversal of Alibaba's falling operating margins. Revenue growth and margin expansion is an extremely ideal situation for shareholders since this will result in a greater rise in net income.\nAlibaba Is Well Positioned To Capture This Growth\nWhile industry growth is positive news, a high growth industry will inevitably attract multiple players, resulting in stiff competition. However, I believe that Alibaba will be able to stand out from the competition as:\n\nIt has a first mover advantage\nIt is the current cloud market leader in China by a huge margin\nThere are only two main competitors — Tencent(OTCPK:TCEHY)and Baidu(NASDAQ:BIDU)\nChina has a more developed IT Infrastructure than the US, hence less money is required to redevelop decade old infrastructure and replace it with the networks required for cloud computing\n\nElaborating on points 2 and 3, as of 2Q20, Alibaba Cloud has the bulk of China's market share at 40%, while its closest rivals Tencent Cloud and Huawei Cloud have about 15% each. Even as competitors develop aggressively, Alibaba still remains the market leader by a huge margin, reflecting its superiority over competitors.\nCloud Is Becoming Profitable\nSince entering the cloud industry in 2009, Alibaba's cloud business has always been unprofitable as the company splashed the cash to develop high quality infrastructure and attract customers. Similarly for Amazon, AWS took over 10 years to become profitable.\nAfter many years of draining the company's operating cash flows, Alibaba's cloud segment is finally showing signs of profitability as the company reported its first positive EBITA in 4Q20. Alibaba believes that full year profitability will be possible within the next fiscal year or two.\nOther Avenues Of Growth\nApart from strong growth in commerce and cloud, the following avenues will also help the company to increase income in the long run.\nMaking Strategic Investments\nApart from its core businesses, Alibaba has a portfolio of equity stakes in multiple companies. I will categorise these investments into two broad groups: Investments into \"complementary\" businesses and investments into unrelated growth sectors.\nBy making investments in related businesses, Alibaba can reduce competition and broaden its reach, thereby benefiting its current core businesses. For example, Alibaba acquired Kaola, a cross-border e-commerce platform in September 2019 and integrated it into Tmall, effectively consolidating the industry. In 2019, Alibaba's Tmall had 25% of the cross border e-commerce market while Kaola had 27.5% of the market. With the acquisition, Alibaba will now be the outright market leader in this e-commerce segment.\nSource: Advangent.com\nOn the other hand, Alibaba's equity stake in rather \"unrelated\" businesses in a large prospective market allows the company to tap on the large growth potential of a new industry which it may not necessarily have the expertise to directly compete in. For example, Alibaba entered the lucrative EV market with a 14% equity stake in Xpeng. Assuming Xpeng can thrive in this industry and emerge as a top producer within the next decade, the company could be worth ~US$150 billion, which is the current market capitalisation of the world's largest automaker Volkswagen. If this theoretical valuation is achieved, Alibaba's stake would be worth US$20 billion!\nConsidering that Alibaba is a cash rich company, small investments in attractive growth companies will not put a huge dent in the company's financials. On the flip side, if the investment plays out well, Alibaba could see huge returns on their investments. As Mohnish Pabrai always says, \"Heads I Win, Tails I Don't Lose Much!\"\nDivesting Non-Core Businesses\nWhile Alibaba continually expands its network of businesses and investments, is important to understand that not all ventures will succeed. For those that still remain in a poor position after many years of capital injection and developments, sometimes the best solution is to cut it off.\nAnd this is what Alibaba does. Take Xiami as an example. Xiami was acquired in 2013 under Alibaba's digital media & entertainment business to compete in the lucrative music streaming industry which was then dominated by Tencent. Despite its efforts of aggressively developing and promoting Xiami, Xiami was unable to substantially grow its user-base and has always been a loss-making business. As of January 2021, Xiami only commanded \"2 per cent of China's music streaming market, behind KuGou Music, QQ Music, KuWo, and NetEase Cloud Music\" asreportedby TalkingData. As a result, Alibaba announced that it would shut down its music streaming platform within the next month.\nWith no viable route to profitability and a poor market position in a very competitive industry, I believe that this was a smart business decision as it allows the company to cut losses, minimise operating expenses and focus on other more successful ventures.\nTherefore, Alibaba has shown that it is not only capable at making shrewd investments, it also knows when to cut its losses and move on when necessary.\nAnt Financial\nFor many investors, Alibaba's foray into the fin-tech industry via Ant Financial would be a major catalyst for growth for the company. However, I am not going to include this as a main growth driver as Ant's restructuring is still incomplete and we do not know the full impact that regulations will have on Ant. Therefore, until we have a clearer picture on Ant's updated structure, business model and strategy, I will not be able to provide a concise growth forecast for this segment.\nHowever, as Ant's Alipay is the leading mobile payment platform in China along with WeChat pay, Ant will certainly benefit from the rise in Chinese consumer spending over the next decade as well as the increasing adaptation of mobile payment methods in more rural parts of the country.\nSource: Daxue Consulting\nApart from payments, Ant Financial also provides services which covers every aspect of a consumer's financial journey, from insurance to loans to investments. These services will also benefit from the growing affluence of the Chinese middle class. If the all-in-one Alipay app is able to induce consumer stickiness to its products, or further \"trap\" consumers within Alibaba's wide range of services, Ant could further improve Alibaba's already strong network effect and help the company increase revenue by up-selling or cross-selling consumers.\nEvaluation Of Alibaba's Growth Prospects\nAfter analysing Alibaba's growth prospects in its various segments, I believe that the cloud computing business will be Alibaba's main driver of growth for the next decade. This segment should be able to increase earnings at a 30-40% growth rate for the next five years considering that it will turn profitable soon and can help in expanding the company's margins..\nAlibaba's legacy Chinese e-commerce business will likely see declining growth rates as the industry is maturing, but its expansion into SEA, local services and new retail will provide a boost to this business segment. These three businesses are all still in their infancy and in an industry, which is yearning to take off. Strong market positions in these industries will ensure that Alibaba can capture a large proportion of this growth. As a result, I believe that Alibaba's core commerce segment as a whole can easily achieve growth rates of 15%-25% in the next five years.\nAt this point, the success of Alibaba's strategic investments and equity stake in Ant Financial is still difficult to quantify. However, they are currently heading in the right direction and the management has demonstrated its ability to extract a lot of value from their investments, be it by complementing current businesses or through an increase in valuation. Therefore, I am optimistic that Alibaba's portfolio of investments (including Ant) will provide tailwinds for the company's growth.\nCurrent Valuation Of Alibaba\nIn my previousarticle, I did a Sum-Of-The-Parts (SOTP) valuation approach for Alibaba. For this valuation, I will also be using a SOTP valuation, but adopting an even more conservative approach to protect myself from what seems to be an inevitable market downturn.\nSource: Author's calculations\nAssumptions & Estimates Used\n\nAll figures are in RMB unless otherwise stated\nUSD to RMB exchange rate used is 1:7\nEarnings & revenue estimates are for Fiscal Year 2021 which ends on 31/3/21\nY-o-y growth estimates are 20% for core commerce, 50% for cloud computing, 3% for digital media & entertainment and 0% for innovation initiatives. These estimates are slightly lower than the released 9M21 vs 9M20 figures\nConservatively, Ant Financial is now valued at US$108 billion, according to the latest valuation by Bloomberg\nThe value of \"Other Strategic Investments\" is adapted from Alibaba's 2020 Investor Day presentation\nBalance sheet information is from the company's latest 10-Q\n\nPrice Multiples Used\nFor Alibaba's core commerce business, the two multiples used are very conservative as Alibaba's historical average P/E is around 39. The reason for using a more conservative P/E is very simple. Alibaba's core commerce business will no longer experience exponential growth in the years ahead, therefore a few years from now, the core commerce business will unlikely command such a high multiple.\nSource:Analyst Prep\nWith reference to an industry life cycle model, I will estimate Alibaba's core commerce business to be somewhere between the \"growth\" and \"shake-out\" stage now.\nTaking the 10-year P/E average of other e-commerce companies (JD(NASDAQ:JD), eBay(NASDAQ:EBAY)and Rakuten(OTCPK:RKUNY)), I arrive to a multiple of 25. Amazon(NASDAQ:AMZN)has been excluded as I personally think that it's extremely high P/E is unsustainable in the long run. A P/E of 25 is realistic as large commerce chains which are currently in a mature industry (Walmart(NYSE:WMT), Target(NYSE:TGT), Costco(NASDAQ:COST)) trade at a 10-year average P/E of ~20. Once e-commerce reaches \"mature\" stage, it should trade on a similar multiple to its retail & commerce peers. However, due to its much higher margins, I believe that Alibaba will trade at a slight premium, therefore a base case multiple of 25 is appropriate.\nFor the cloud computing industry, cloud businesses are currently trading at Price to Revenue multiples between 10x to 15x. In 2019, AWS traded at a multiple of ~12 hence this will be my base case estimate.\nThe digital media & entertainment business's multiple is derived from the 10-year average of Netflix(NASDAQ:NFLX)and iQiyi(NASDAQ:IQ)while innovation initiatives & others takes the multiple of the US IT sector.\nConclusion\nAt a price below $239, Alibaba is trading at a valuation even lower than its bear case, and this valuation model by itself is already extremely conservative. Therefore, investing in Alibaba today not only comes with spectacular growth opportunities, but also an equally amazing margin of safety. Should prices continue to fall from here, I will not hesitate to continue adding to my Alibaba positions.\nFinally, as I was writing this article, there were rumours that the Chinese government had asked Alibaba to dispose their media assets as they were concerned about Alibaba's ability to sway public sentiment. In the meantime, the key assets in concern are the South China Morning Post and several other news and media outlets. This may not necessarily be bad for the company as divestment of these assets would allow them to shore up cash to meet the regulatory requirements for Ant Financial. Such a move could also elevate the company's favourability with the government. Overall, insiders have stated that it is unlikely that Alibaba will need to divest its entertainment business, hence this regulatory concern seems to be more focused on Alibaba's media assets and will not affect the company's commerce, cloud or entertainment business, which are much more important to the company.\nI will not go on with all the risks associated with this investment as I have already assessed them in my previous article. As an ending remark, I will note that investing in Alibaba is indeed riskier due to the regulatory concerns both in US and China. However, if you are able to stomach the added risk and volatility, Alibaba currently gives you a very good opportunity to capitalise on the growth of China and comes at a price with a huge margin of safety baked in to protect investors from the potential downside risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350018172,"gmtCreate":1616137096596,"gmtModify":1704791403644,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great Info ?","listText":"Great Info ?","text":"Great Info ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350018172","repostId":"1138262460","repostType":4,"repost":{"id":"1138262460","kind":"news","pubTimestamp":1616124732,"share":"https://ttm.financial/m/news/1138262460?lang=&edition=fundamental","pubTime":"2021-03-19 11:32","market":"us","language":"en","title":"Value stocks are so in favor they’ve become momentum stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1138262460","media":"MarketWatch","summary":"As investors continue to rotate their exposure into value sectors, stocks in that corner of the mark","content":"<p>As investors continue to&nbsp;rotate their exposure into value sectors, stocks in that corner of the market starting to take on characteristics of the momentum factor, an uncommon combination that bodes well for investors, said analysts at Alliance Bernstein in a research note out Wednesday.</p><p>“This is the holy grail of quant and Value investing!” the Bernstein analysts wrote.</p><p>Many investing models, they note, have been “built to overweight stocks where there is agreement between Value and Momentum – i.e. to overweight stocks which are cheap but which also have earnings momentum and/or price momentum. It was a very successful combination.”</p><p>Investors are currently in the midst of a rotation into stocks seen as offering value in terms of earnings or sales growth as the economy recovers from the coronavirus pandemic rotation and are paring exposure to stocks that rose sharply as they benefited from the work-from-home trend in the past year.</p><p>“It is being driven by the re-opening trade, and improving macro outlook, and is directly linked to continuously increasing nominal yields, a steepening yield curve and increasing inflation expectations. We are tactically long Value and think there is further to go,” the Alliance Bernstein analysts wrote.</p><p>Sectors that are benefitting now – that is, screening as both value and momentum – include autos, banks, energy, and materials. &nbsp;The energy, materials and financials sectors, as well as consumer discretionary, are the sectors with the largest increases in earnings estimates over the past six months. Share price performance is being driven by these earnings upgrades.</p><p>Specific stocks which fit the criteria as screening for both value and momentum — meaning they’re in the cheapest quintile for both Price to Book and 12-month Price Momentum — include Ford Motor Co.,PulteGroup,Baker Hughes Co.,Dupont de Nemours,and a host of financials, including KeyCorp,Fifth Third Bancorp,Regions Financial&nbsp;and Ally Financial Inc.</p><p>The Bernstein analysts note that the backdrop for this value rotation “is very different to any period in history. We are in a very different policy environment and possibly are at the start of a much bigger change in the inflation regime.”</p><p>Still, it’s worth drawing comparisons and distinctions between earlier value rotations, they add. The current one is the largest since 2009, which served as a rebound from the 2008 financial crisis.</p>","source":"market_watch","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>Value stocks are so in favor they’ve become momentum stocks</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\">\nValue stocks are so in favor they’ve become momentum stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/value-stocks-are-so-in-favor-theyve-become-momentum-stocks-11616084864?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As investors continue to rotate their exposure into value sectors, stocks in that corner of the market starting to take on characteristics of the momentum factor, an uncommon combination that bodes ...</p>\n\n<a href=\"https://www.marketwatch.com/story/value-stocks-are-so-in-favor-theyve-become-momentum-stocks-11616084864?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/value-stocks-are-so-in-favor-theyve-become-momentum-stocks-11616084864?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1138262460","content_text":"As investors continue to rotate their exposure into value sectors, stocks in that corner of the market starting to take on characteristics of the momentum factor, an uncommon combination that bodes well for investors, said analysts at Alliance Bernstein in a research note out Wednesday.“This is the holy grail of quant and Value investing!” the Bernstein analysts wrote.Many investing models, they note, have been “built to overweight stocks where there is agreement between Value and Momentum – i.e. to overweight stocks which are cheap but which also have earnings momentum and/or price momentum. It was a very successful combination.”Investors are currently in the midst of a rotation into stocks seen as offering value in terms of earnings or sales growth as the economy recovers from the coronavirus pandemic rotation and are paring exposure to stocks that rose sharply as they benefited from the work-from-home trend in the past year.“It is being driven by the re-opening trade, and improving macro outlook, and is directly linked to continuously increasing nominal yields, a steepening yield curve and increasing inflation expectations. We are tactically long Value and think there is further to go,” the Alliance Bernstein analysts wrote.Sectors that are benefitting now – that is, screening as both value and momentum – include autos, banks, energy, and materials.  The energy, materials and financials sectors, as well as consumer discretionary, are the sectors with the largest increases in earnings estimates over the past six months. Share price performance is being driven by these earnings upgrades.Specific stocks which fit the criteria as screening for both value and momentum — meaning they’re in the cheapest quintile for both Price to Book and 12-month Price Momentum — include Ford Motor Co.,PulteGroup,Baker Hughes Co.,Dupont de Nemours,and a host of financials, including KeyCorp,Fifth Third Bancorp,Regions Financial and Ally Financial Inc.The Bernstein analysts note that the backdrop for this value rotation “is very different to any period in history. We are in a very different policy environment and possibly are at the start of a much bigger change in the inflation regime.”Still, it’s worth drawing comparisons and distinctions between earlier value rotations, they add. The current one is the largest since 2009, which served as a rebound from the 2008 financial crisis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":349963197,"gmtCreate":1617521453119,"gmtModify":1704700214372,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Comment please","listText":"Comment please","text":"Comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/349963197","repostId":"1112964874","repostType":4,"repost":{"id":"1112964874","kind":"news","pubTimestamp":1617358490,"share":"https://ttm.financial/m/news/1112964874?lang=&edition=fundamental","pubTime":"2021-04-02 18:14","market":"us","language":"en","title":"Value Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage","url":"https://stock-news.laohu8.com/highlight/detail?id=1112964874","media":"Barron's","summary":"Value managers are in the midst of what finally looks like a comeback. The questions for investors n","content":"<p>Value managers are in the midst of what finally looks like a comeback. The questions for investors now are just how long this value recovery can last, and how best to ride it.</p><p>The recovery comes as investors peel themselves away from pricey growth stocks to add some of the cheaper companies that are well positioned for a global economic rebound as the world emerges from the pandemic. And it follows a decade of underperformance that has been hard on the most battle-hardy contrarians. Storied value fund firms—including GMO, Royce Investment Partners, and Third Avenue Management—have suffered sharp outflows over the past decade, according toMorningstar.International Value Advisers, better known as IVA, announced in March that it would liquidate its two funds and shut down. Other value funds have shuttered or gravitated toward growthier fare in order to survive.</p><p>Yet things seem different now. Over the past couple of months, the Russell 1000 Value has outperformed the Russell 1000 Growth by the biggest margin in about two decades. That has offered some redemption for veteran value managers, such as the $28 billionOakmark International(ticker: OAKIX) manager David Herro, who recalls the pushback last spring when he gave clients his rationale for buyingDaimler(DAI.Germany) as its price cratered.</p><p>“Clients were saying, ‘Don’t you know we are going into a recession?’ You have to have the courage of conviction,” says Herro, who cited the company’s strong balance sheet and management. “If you didn’t stay true to your ditty, you don’t get the recovery we experienced in the second and fourth quarters.”</p><p>And what a recovery it has been. Funds like Herro’s saw returns of 50% or greater in the past year, repairing long-term performance records that had been tarnished by the past decade’s rough patch. Value, of course, comes in different flavors, and the recovery so far has been kindest to value managers who loaded up on deeply unloved materials, energy, and financial companies.</p><p>Rising interest rates have been a major catalyst for the shift toward value. But valuations, a recovery in profits, and portfolios that are underweight value stocks could keep the momentum going. However, the type of value stock that does better could shift as the year goes on, from lower-quality to higher-quality stocks that boast stronger returns on assets, equity, and capital, according to a recent client note from Bank of America strategist Savita Subramanian.</p><p>Investors looking to benefit from a value comeback might want a mix of funds positioned from the different stages of the recovery, in the U.S. and abroad. Here are six funds run by veteran managers with strong track records that have also done well in the past year’s rebound.</p><p>The $4.3 billionNeuberger Berman Large Cap Valuefund (NPNAX) bet big last year on some of the market’s most unloved sectors and reaped the rewards, returning 84% in the past year and beating 96% of its Morningstar peers.</p><p>Manager Eli Salzmann focused on sectors like materials, especially copper and gold, that have been starved for capital in recent years as money flocked to technology and consumer-discretionary companies. That “capacity deprivation” sets the stage for sharp margin growth as demand recovers for companies like Freeport-McMoRan (FCX). Not only does the copper miner benefit from a global economic recovery, but it’s also a backdoor into the shift to electric vehicles and clean energy—transitions that will require more copper and could extend the traditional recovery cycle, says Salzmann.</p><p>A similar trend is at play in energy, a sector that Salzmann says is learning from its mistakes, as companies allocate 60% to 80% of cash flows, rather than all of it, to capital spending.Exxon Mobil(XOM) has been a “dog of the dogs,” pursuing an aggressive growth strategy when investors wanted discipline and a focus on free cash flow, Salzmann says. But now, the company, a top holding, is focusing on its core business and has the right asset mix.</p><p>When the market fretted over the risks on banks’ loan portfolios last spring, Salzmann went on a shopping spree, adding to financials, including global giants likeBank of America(BAC) andJPMorgan Chase(JPM), as well as regional banks likeTruist Financial(TFC),Comerica(CMA), andRegions Financial(RF) that should get a bigger boost from loan growth and rising interest rates. Salzmann sees a more protracted, broader value recovery as the market enters a higher interest-rate environment amid the unprecedented amounts of fiscal and monetary policy around the world, as well as a period of deglobalization and increased protectionism that will raise prices.</p><p>Like Salzmann, Herro has been hunting in deeply unloved parts of the market—but abroad. That has taken him to continental Europe and the United Kingdom, which investors have neglected for roughly a decade amid concerns about defaults in countries like Greece, political volatility, and, more recently, Brexit. “It’s almost like the perfect storm after 10 years of a drought. Brexit is behind us, and a lot of what ailed European and international value is now in the rearview,” Herro says.</p><p>As the U.K. recovers from the pandemic and settles into life outside the European Union, Herro says strong and “severely overcapitalized” banks likeLloyds Banking Group(LYG) andNatWest Group(NWG) will benefit from pent-up demand for investing and borrowing that had been put off amid Brexit uncertainty.</p><p>Herro has also waded into Chinese internet companies during the sector’s rout in the past year.Alibaba GroupHolding (BABA) andTencent Holdings(700.Hong Kong), which Herro owns through South African internet groupNaspers(NPN.South Africa), have been hit hard in the past year amid regulatory concerns at home and geopolitical tensions with the U.S., creating value in companies with strong business models, he says.</p><p>Sarah Ketterer, co-manager of the $5.8 billionCauseway International Value(CIVVX), isn’t shopping much in the most battered sectors and isn’t sold on a meaningful rise in interest rates. Ketterer also thinks that the party in cyclicals may be winding down, especially after the 80% gains globally in these economically sensitive stocks since the first Covid-19 vaccine won approval late last year—another reason that traditional value sectors like financials and energy don’t interest her much. These sectors also face constraints to their growth, with energy, for example, facing an expensive long-term transition away from fossil fuels.</p><p>Instead, Ketterer sees more value these days in European drugmakers likeSanofi(SAN.France),Novartis(NOVN.Switzerland), andRoche Holding(ROG.Switzerland), which have suffered amid postponed elective surgeries and doctors’ visits. The companies are positioned for a recovery but also for a world where vaccines become more important, and ample free cash flow gives these companies the wherewithal to buy machine learning and other tools to speed up drug discovery and cut costs, says Ketterer.</p><p>Technology companies likeSAP(SAP) are also on her radar. “It’s a legacy software vendor—about as negative as it gets—but 70% of revenues are sticky,” Ketterer says. Plus, Ketterer says the company is led by a young, dynamic CEO, Christian Klein, who is in the early stages of a cloud transition and also taking subsidiaries public, creating what she describes as “one of those rare opportunities.”</p><p>Unlike Ketterer,Dodge &amp; Cox International Stock(DODFX) co-manager Diana Strandberg still sees upside in some of the cyclical sectors that have led the recovery—like financials, which account for 30% of the fund, including holdings such asBNP Paribas(BNP.France) andUBS Group(UBSG.Switzerland), and emerging market banks like India’sICICI Bank(IBN).</p><p>Many European and emerging market banks have spent the past decade rebuilding their capital and balance sheets, increasing their returns on assets and earnings power—and doing it in Europe against a negative interest-rate backdrop. Yet Strandberg says investors haven’t noticed that these banks aren’t what they were during the financial crisis. Earnings revisions are rising, yet many still trade at eight to 10 times earnings. Plus, since banks had to hold off on dividends and buybacks during the pandemic, Strandberg sees the possibility of these companies becoming big income stocks as capital distributions are resumed.</p><p>However, Strandberg cautions against a dogmatic approach and focusing on labels like deep value or relative value—or even classifying certain sectors or companies as value. The $42 billion value fund, which has about a fifth of assets in emerging markets, returned 4.6% on average over the past 15 years, beating 93% of its peers. “Labels are dangerous when you are investing,” Strandberg says. “The starting point matters, and that’s why we are always measuring valuations and fundamentals, but we keep an open mind and not just think we are a value manager so we buy ‘value’ stocks—not only is that changing, but also sometimes stocks are cheap because they should be.”</p><p>More recently, Strandberg and team have favored pharmaceuticals over consumer staples. While their valuations are similar, Strandberg sees greater upside from drugmakers’ research and development. She has favored companies that are in the midst of a restructuring or ones that are focused on areas like vaccines, immunology, and rare diseases that are more protected from regulatory concerns.</p><p>Restructuring opportunities are also attractive to T. Rowe Price Value (TRVLX) fund manager Mark Finn. He has been focusing lately on companies in the middle of the value spectrum—those not facing long-term problems—that are misunderstood or addressing self-inflicted problems, likeGeneral Electric(GE), which had made some ill-timed acquisitions and saddled its balance sheet with leverage. Now, though, Finn says that CEO Larry Culp is fixing many of the issues, and the company includes strong businesses like aircraft engines, power, and healthcare.</p><p>Finn, whose fund returned an average annual 12.1% over the past decade to beat 92% of peers, scooped up banks, discount retailers, and industrials likeDeere(DE) andCaterpillar(CAT) last spring, but is now looking elsewhere. “The cyclicals don’t scream real cheap right now. There’s a lot of optimism built into those.”</p><p>Instead, Finn sees more value in companies likeProcter &amp; Gamble(PG). The company is cheap, at 20 times cash flow, compared with its historical valuation and is in the midst of a turnaround. It has taken share in its major markets and has an underleveraged balance sheet, Finn says.</p><p>He also likes utilities such asDominion Energy(D) andXcel Energy(XEL) that have been hit as investors pursue higher-yielding options amid rising interest rates. Also attractive:Sherwin-Williams(SHW), which he says is cheap compared with historical valuations and tethered to the home-building and remodeling boom.</p><p>While not traditional value fare, technology companies, includingFacebook(FB) andSalesforce.com(CRM), have drawn Finn’s attention. He says Salesforce has a great business model that is well positioned for the recovery, but the stock is in investor no-man’s land, ignored by growth investors and not on value managers’ radar, even though it is in the Russell 1000 Value index.</p><p>Technology is also a heavy weighting at the $4 billionParnassus Endeavorfund (PARWX), which has beaten 98% of its peers over the past year without owning any energy or materials stocks. Since taking the sole reins after sustainable-investing pioneer Jerome Dodson’s retirement, fund manager Billy Hwan has increased risk management, reducing the heavy concentration in chip companies. Hwan has reallocated some of that money to higher-quality software and service companies likePaychex(PAYX), which he says is well positioned to help companies navigate remote work, flexible hours, and contractor relationships. While chip companies face a risk from continuing U.S.-China tensions, since they get more than half of sales from China, efforts to bolster U.S. chip production could help holdings likeMicron Technology(MU) andIntel(INTC).</p><p>The fund, which integrates environmental, social, and governance factors into its analysis, steers clear of deep value and areas in secular decline, instead focusing on higher-quality stocks that are misunderstood, likeHanesbrands(HBI). The company had struggled with acquisitions and competition in its underwear business, but new management is reducing the amount of products it sells and focusing on its fast-growing Champion brand, while also trying to cater to a younger demographics, Hwan says.</p><p>Stimulus has helped cushion household savings and given consumers a bit more to spend as they emerge from the pandemic. Hwan sees 2021 as the year of the consumer, a reason that 10% of the fund is in consumer credit companies likeMastercard(MA),American Express(AXP), andCapital One Financial(COF).</p><p>For investors looking for comparisons with other value rallies, Hwan sees more similarities between the current comeback and the one in 2000 after the dot-com bubble burst, than the recovery after the global financial crisis that tripped up value managers. “There’s nothing structurally wrong with the economy in terms of credit” as there was after the financial crisis, he says, “so I think the value rotation could last several years.”</p><p>Only time will tell whether he’s correct in his assessment, but investors may want to take a more holistic view of value as they try to ride the recovery in the near term.</p><p><b>Searching for Value</b></p><p>As the value rally runs on, investors should start gearing up for a shift in the nature of stocks that perform best. Here are six value-focused funds positioned to capitalize on different stages of the recovery.</p><p><img src=\"https://static.tigerbbs.com/777263e6adccebc217617670fa958673\" tg-width=\"638\" tg-height=\"698\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b6835876c5ae79da6f50d326590d76e1\" tg-width=\"636\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p></p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Value Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage</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\">\nValue Stocks Have Roared Back. Here Are 6 Funds for the Rally’s Next Stage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 18:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/value-stocks-have-roared-back-here-are-6-funds-for-the-rallys-next-stage-51617289914?mod=hp_columnists><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Value managers are in the midst of what finally looks like a comeback. The questions for investors now are just how long this value recovery can last, and how best to ride it.The recovery comes as ...</p>\n\n<a href=\"https://www.barrons.com/articles/value-stocks-have-roared-back-here-are-6-funds-for-the-rallys-next-stage-51617289914?mod=hp_columnists\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/value-stocks-have-roared-back-here-are-6-funds-for-the-rallys-next-stage-51617289914?mod=hp_columnists","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112964874","content_text":"Value managers are in the midst of what finally looks like a comeback. The questions for investors now are just how long this value recovery can last, and how best to ride it.The recovery comes as investors peel themselves away from pricey growth stocks to add some of the cheaper companies that are well positioned for a global economic rebound as the world emerges from the pandemic. And it follows a decade of underperformance that has been hard on the most battle-hardy contrarians. Storied value fund firms—including GMO, Royce Investment Partners, and Third Avenue Management—have suffered sharp outflows over the past decade, according toMorningstar.International Value Advisers, better known as IVA, announced in March that it would liquidate its two funds and shut down. Other value funds have shuttered or gravitated toward growthier fare in order to survive.Yet things seem different now. Over the past couple of months, the Russell 1000 Value has outperformed the Russell 1000 Growth by the biggest margin in about two decades. That has offered some redemption for veteran value managers, such as the $28 billionOakmark International(ticker: OAKIX) manager David Herro, who recalls the pushback last spring when he gave clients his rationale for buyingDaimler(DAI.Germany) as its price cratered.“Clients were saying, ‘Don’t you know we are going into a recession?’ You have to have the courage of conviction,” says Herro, who cited the company’s strong balance sheet and management. “If you didn’t stay true to your ditty, you don’t get the recovery we experienced in the second and fourth quarters.”And what a recovery it has been. Funds like Herro’s saw returns of 50% or greater in the past year, repairing long-term performance records that had been tarnished by the past decade’s rough patch. Value, of course, comes in different flavors, and the recovery so far has been kindest to value managers who loaded up on deeply unloved materials, energy, and financial companies.Rising interest rates have been a major catalyst for the shift toward value. But valuations, a recovery in profits, and portfolios that are underweight value stocks could keep the momentum going. However, the type of value stock that does better could shift as the year goes on, from lower-quality to higher-quality stocks that boast stronger returns on assets, equity, and capital, according to a recent client note from Bank of America strategist Savita Subramanian.Investors looking to benefit from a value comeback might want a mix of funds positioned from the different stages of the recovery, in the U.S. and abroad. Here are six funds run by veteran managers with strong track records that have also done well in the past year’s rebound.The $4.3 billionNeuberger Berman Large Cap Valuefund (NPNAX) bet big last year on some of the market’s most unloved sectors and reaped the rewards, returning 84% in the past year and beating 96% of its Morningstar peers.Manager Eli Salzmann focused on sectors like materials, especially copper and gold, that have been starved for capital in recent years as money flocked to technology and consumer-discretionary companies. That “capacity deprivation” sets the stage for sharp margin growth as demand recovers for companies like Freeport-McMoRan (FCX). Not only does the copper miner benefit from a global economic recovery, but it’s also a backdoor into the shift to electric vehicles and clean energy—transitions that will require more copper and could extend the traditional recovery cycle, says Salzmann.A similar trend is at play in energy, a sector that Salzmann says is learning from its mistakes, as companies allocate 60% to 80% of cash flows, rather than all of it, to capital spending.Exxon Mobil(XOM) has been a “dog of the dogs,” pursuing an aggressive growth strategy when investors wanted discipline and a focus on free cash flow, Salzmann says. But now, the company, a top holding, is focusing on its core business and has the right asset mix.When the market fretted over the risks on banks’ loan portfolios last spring, Salzmann went on a shopping spree, adding to financials, including global giants likeBank of America(BAC) andJPMorgan Chase(JPM), as well as regional banks likeTruist Financial(TFC),Comerica(CMA), andRegions Financial(RF) that should get a bigger boost from loan growth and rising interest rates. Salzmann sees a more protracted, broader value recovery as the market enters a higher interest-rate environment amid the unprecedented amounts of fiscal and monetary policy around the world, as well as a period of deglobalization and increased protectionism that will raise prices.Like Salzmann, Herro has been hunting in deeply unloved parts of the market—but abroad. That has taken him to continental Europe and the United Kingdom, which investors have neglected for roughly a decade amid concerns about defaults in countries like Greece, political volatility, and, more recently, Brexit. “It’s almost like the perfect storm after 10 years of a drought. Brexit is behind us, and a lot of what ailed European and international value is now in the rearview,” Herro says.As the U.K. recovers from the pandemic and settles into life outside the European Union, Herro says strong and “severely overcapitalized” banks likeLloyds Banking Group(LYG) andNatWest Group(NWG) will benefit from pent-up demand for investing and borrowing that had been put off amid Brexit uncertainty.Herro has also waded into Chinese internet companies during the sector’s rout in the past year.Alibaba GroupHolding (BABA) andTencent Holdings(700.Hong Kong), which Herro owns through South African internet groupNaspers(NPN.South Africa), have been hit hard in the past year amid regulatory concerns at home and geopolitical tensions with the U.S., creating value in companies with strong business models, he says.Sarah Ketterer, co-manager of the $5.8 billionCauseway International Value(CIVVX), isn’t shopping much in the most battered sectors and isn’t sold on a meaningful rise in interest rates. Ketterer also thinks that the party in cyclicals may be winding down, especially after the 80% gains globally in these economically sensitive stocks since the first Covid-19 vaccine won approval late last year—another reason that traditional value sectors like financials and energy don’t interest her much. These sectors also face constraints to their growth, with energy, for example, facing an expensive long-term transition away from fossil fuels.Instead, Ketterer sees more value these days in European drugmakers likeSanofi(SAN.France),Novartis(NOVN.Switzerland), andRoche Holding(ROG.Switzerland), which have suffered amid postponed elective surgeries and doctors’ visits. The companies are positioned for a recovery but also for a world where vaccines become more important, and ample free cash flow gives these companies the wherewithal to buy machine learning and other tools to speed up drug discovery and cut costs, says Ketterer.Technology companies likeSAP(SAP) are also on her radar. “It’s a legacy software vendor—about as negative as it gets—but 70% of revenues are sticky,” Ketterer says. Plus, Ketterer says the company is led by a young, dynamic CEO, Christian Klein, who is in the early stages of a cloud transition and also taking subsidiaries public, creating what she describes as “one of those rare opportunities.”Unlike Ketterer,Dodge & Cox International Stock(DODFX) co-manager Diana Strandberg still sees upside in some of the cyclical sectors that have led the recovery—like financials, which account for 30% of the fund, including holdings such asBNP Paribas(BNP.France) andUBS Group(UBSG.Switzerland), and emerging market banks like India’sICICI Bank(IBN).Many European and emerging market banks have spent the past decade rebuilding their capital and balance sheets, increasing their returns on assets and earnings power—and doing it in Europe against a negative interest-rate backdrop. Yet Strandberg says investors haven’t noticed that these banks aren’t what they were during the financial crisis. Earnings revisions are rising, yet many still trade at eight to 10 times earnings. Plus, since banks had to hold off on dividends and buybacks during the pandemic, Strandberg sees the possibility of these companies becoming big income stocks as capital distributions are resumed.However, Strandberg cautions against a dogmatic approach and focusing on labels like deep value or relative value—or even classifying certain sectors or companies as value. The $42 billion value fund, which has about a fifth of assets in emerging markets, returned 4.6% on average over the past 15 years, beating 93% of its peers. “Labels are dangerous when you are investing,” Strandberg says. “The starting point matters, and that’s why we are always measuring valuations and fundamentals, but we keep an open mind and not just think we are a value manager so we buy ‘value’ stocks—not only is that changing, but also sometimes stocks are cheap because they should be.”More recently, Strandberg and team have favored pharmaceuticals over consumer staples. While their valuations are similar, Strandberg sees greater upside from drugmakers’ research and development. She has favored companies that are in the midst of a restructuring or ones that are focused on areas like vaccines, immunology, and rare diseases that are more protected from regulatory concerns.Restructuring opportunities are also attractive to T. Rowe Price Value (TRVLX) fund manager Mark Finn. He has been focusing lately on companies in the middle of the value spectrum—those not facing long-term problems—that are misunderstood or addressing self-inflicted problems, likeGeneral Electric(GE), which had made some ill-timed acquisitions and saddled its balance sheet with leverage. Now, though, Finn says that CEO Larry Culp is fixing many of the issues, and the company includes strong businesses like aircraft engines, power, and healthcare.Finn, whose fund returned an average annual 12.1% over the past decade to beat 92% of peers, scooped up banks, discount retailers, and industrials likeDeere(DE) andCaterpillar(CAT) last spring, but is now looking elsewhere. “The cyclicals don’t scream real cheap right now. There’s a lot of optimism built into those.”Instead, Finn sees more value in companies likeProcter & Gamble(PG). The company is cheap, at 20 times cash flow, compared with its historical valuation and is in the midst of a turnaround. It has taken share in its major markets and has an underleveraged balance sheet, Finn says.He also likes utilities such asDominion Energy(D) andXcel Energy(XEL) that have been hit as investors pursue higher-yielding options amid rising interest rates. Also attractive:Sherwin-Williams(SHW), which he says is cheap compared with historical valuations and tethered to the home-building and remodeling boom.While not traditional value fare, technology companies, includingFacebook(FB) andSalesforce.com(CRM), have drawn Finn’s attention. He says Salesforce has a great business model that is well positioned for the recovery, but the stock is in investor no-man’s land, ignored by growth investors and not on value managers’ radar, even though it is in the Russell 1000 Value index.Technology is also a heavy weighting at the $4 billionParnassus Endeavorfund (PARWX), which has beaten 98% of its peers over the past year without owning any energy or materials stocks. Since taking the sole reins after sustainable-investing pioneer Jerome Dodson’s retirement, fund manager Billy Hwan has increased risk management, reducing the heavy concentration in chip companies. Hwan has reallocated some of that money to higher-quality software and service companies likePaychex(PAYX), which he says is well positioned to help companies navigate remote work, flexible hours, and contractor relationships. While chip companies face a risk from continuing U.S.-China tensions, since they get more than half of sales from China, efforts to bolster U.S. chip production could help holdings likeMicron Technology(MU) andIntel(INTC).The fund, which integrates environmental, social, and governance factors into its analysis, steers clear of deep value and areas in secular decline, instead focusing on higher-quality stocks that are misunderstood, likeHanesbrands(HBI). The company had struggled with acquisitions and competition in its underwear business, but new management is reducing the amount of products it sells and focusing on its fast-growing Champion brand, while also trying to cater to a younger demographics, Hwan says.Stimulus has helped cushion household savings and given consumers a bit more to spend as they emerge from the pandemic. Hwan sees 2021 as the year of the consumer, a reason that 10% of the fund is in consumer credit companies likeMastercard(MA),American Express(AXP), andCapital One Financial(COF).For investors looking for comparisons with other value rallies, Hwan sees more similarities between the current comeback and the one in 2000 after the dot-com bubble burst, than the recovery after the global financial crisis that tripped up value managers. “There’s nothing structurally wrong with the economy in terms of credit” as there was after the financial crisis, he says, “so I think the value rotation could last several years.”Only time will tell whether he’s correct in his assessment, but investors may want to take a more holistic view of value as they try to ride the recovery in the near term.Searching for ValueAs the value rally runs on, investors should start gearing up for a shift in the nature of stocks that perform best. Here are six value-focused funds positioned to capitalize on different stages of the recovery.","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3548659340886358","authorId":"3548659340886358","name":"老木不朽","avatar":"https://static.tigerbbs.com/5b7c249f8702df4b6d4a8a6346ce6b5d","crmLevel":2,"crmLevelSwitch":0,"idStr":"3548659340886358","authorIdStr":"3548659340886358"},"content":"Comment back pls tq","text":"Comment back pls tq","html":"Comment back pls tq"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343666079,"gmtCreate":1617714130891,"gmtModify":1704702107450,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Comment please Tks&nbsp;","listText":"Comment please Tks&nbsp;","text":"Comment please Tks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/343666079","repostId":"1172538226","repostType":4,"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349963436,"gmtCreate":1617521546225,"gmtModify":1704700215340,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Tech stocks volatile","listText":"Tech stocks volatile","text":"Tech stocks volatile","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349963436","repostId":"2124275437","repostType":2,"repost":{"id":"2124275437","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617471204,"share":"https://ttm.financial/m/news/2124275437?lang=&edition=fundamental","pubTime":"2021-04-04 01:33","market":"us","language":"en","title":"Tesla files a petition against U.S. labor board order","url":"https://stock-news.laohu8.com/highlight/detail?id=2124275437","media":"Reuters","summary":"April 3 (Reuters) - Tesla Inc    has filed an appeal on a U.S. National Labor Relations Board ruling","content":"<html><body><p>April 3 (Reuters) - Tesla Inc    has filed an appeal on a U.S. National Labor Relations Board ruling that the electric-car maker had violated U.S. labor law, and on the agency's order that Chief Executive Officer Elon Musk delete a tweet from the account.</p><p>   The electric-car maker filed a petition on Friday with the New Orleans-based U.S. Court of Appeals to review the NLRB's decision and order issued on March 25.</p><p>   In the petition, Tesla asked the court to review the order and grant Tesla \"any further relief which the Court deems just and equitable.\"</p><p>   Last month, the NRLB ordered Tesla to direct Musk to delete the tweet and to post a notice addressing the unlawful tweet at all of its facilities nationwide and include language that says \"WE WILL take appropriate steps to ensure Musk complies with our directive.\"  </p><p>   In the 2018 tweet, Musk wrote: \"Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues &amp; give up stock options for nothing? Our safety record is 2X better than when plant was UAW &amp; everybody already gets healthcare.\"</p><p>   The NLRB also directed Tesla to offer <a href=\"https://laohu8.com/S/AONE\">one</a> former employee reinstatement as well as to rescind 2017 rules that prohibited distributing union literature in its parking lot on non-work time and rules that barred distributing union stickers, leaflets, and pamphlets without first obtaining permission.</p><p> (Reporting by Sabahatjahan Contractor in Bengaluru; editing by Diane Craft)</p><p>((Sabahatjahan.Contractor@thomsonreuters.com; within U.S. +1 646 223 8780 outside the U.S.  +918067492635;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla files a petition against U.S. labor board order</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla files a petition against U.S. labor board order\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-04 01:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>April 3 (Reuters) - Tesla Inc    has filed an appeal on a U.S. National Labor Relations Board ruling that the electric-car maker had violated U.S. labor law, and on the agency's order that Chief Executive Officer Elon Musk delete a tweet from the account.</p><p>   The electric-car maker filed a petition on Friday with the New Orleans-based U.S. Court of Appeals to review the NLRB's decision and order issued on March 25.</p><p>   In the petition, Tesla asked the court to review the order and grant Tesla \"any further relief which the Court deems just and equitable.\"</p><p>   Last month, the NRLB ordered Tesla to direct Musk to delete the tweet and to post a notice addressing the unlawful tweet at all of its facilities nationwide and include language that says \"WE WILL take appropriate steps to ensure Musk complies with our directive.\"  </p><p>   In the 2018 tweet, Musk wrote: \"Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues &amp; give up stock options for nothing? Our safety record is 2X better than when plant was UAW &amp; everybody already gets healthcare.\"</p><p>   The NLRB also directed Tesla to offer <a href=\"https://laohu8.com/S/AONE\">one</a> former employee reinstatement as well as to rescind 2017 rules that prohibited distributing union literature in its parking lot on non-work time and rules that barred distributing union stickers, leaflets, and pamphlets without first obtaining permission.</p><p> (Reporting by Sabahatjahan Contractor in Bengaluru; editing by Diane Craft)</p><p>((Sabahatjahan.Contractor@thomsonreuters.com; within U.S. +1 646 223 8780 outside the U.S.  +918067492635;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124275437","content_text":"April 3 (Reuters) - Tesla Inc    has filed an appeal on a U.S. National Labor Relations Board ruling that the electric-car maker had violated U.S. labor law, and on the agency's order that Chief Executive Officer Elon Musk delete a tweet from the account.   The electric-car maker filed a petition on Friday with the New Orleans-based U.S. Court of Appeals to review the NLRB's decision and order issued on March 25.   In the petition, Tesla asked the court to review the order and grant Tesla \"any further relief which the Court deems just and equitable.\"   Last month, the NRLB ordered Tesla to direct Musk to delete the tweet and to post a notice addressing the unlawful tweet at all of its facilities nationwide and include language that says \"WE WILL take appropriate steps to ensure Musk complies with our directive.\"     In the 2018 tweet, Musk wrote: \"Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare.\"   The NLRB also directed Tesla to offer one former employee reinstatement as well as to rescind 2017 rules that prohibited distributing union literature in its parking lot on non-work time and rules that barred distributing union stickers, leaflets, and pamphlets without first obtaining permission. (Reporting by Sabahatjahan Contractor in Bengaluru; editing by Diane Craft)((Sabahatjahan.Contractor@thomsonreuters.com; within U.S. +1 646 223 8780 outside the U.S.  +918067492635;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349963065,"gmtCreate":1617521419557,"gmtModify":1704700215017,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Comment please","listText":"Comment please","text":"Comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/349963065","repostId":"1191998262","repostType":4,"repost":{"id":"1191998262","kind":"news","pubTimestamp":1617366158,"share":"https://ttm.financial/m/news/1191998262?lang=&edition=fundamental","pubTime":"2021-04-02 20:22","market":"us","language":"en","title":"How Likely Is a Stock Market Crash?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191998262","media":"Motley Fool","summary":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-b","content":"<blockquote>\n You may not like the answer.\n</blockquote>\n<p>For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p>\n<p>But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p>\n<p>It begs the question: How likely is astock market crash? Let's take a closer look.</p>\n<p><b>Double-digit declines occur every 1.87 years, on average</b></p>\n<p>To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p>\n<p>However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p>\n<p>We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p>\n<p><b>Corrections have been an historical given within three years of a bear market bottom</b></p>\n<p>Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p>\n<p>Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p>\n<p>Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p>\n<p><b>Crashes frequently occur when this valuation metric is hit</b></p>\n<p>But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p>\n<p>As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p>\n<p>To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p>\n<p>However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p>\n<p><b>Keep that cash handy in the event that opportunity knocks</b></p>\n<p>To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p>\n<p>While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p>\n<p>The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p>\n<p>If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</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>How Likely Is a Stock Market Crash?</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\">\nHow Likely Is a Stock Market Crash?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/\">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","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191998262","content_text":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.\nBut there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.\nIt begs the question: How likely is astock market crash? Let's take a closer look.\nDouble-digit declines occur every 1.87 years, on average\nTo begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.\nHowever, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.\nWe could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.\nCorrections have been an historical given within three years of a bear market bottom\nAnother interesting piece of evidence to examine is the frequency by which the S&P 500 corrects after hitting a bear-market bottom.\nSince the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).\nPut another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.\nCrashes frequently occur when this valuation metric is hit\nBut the most damning bit of evidence might just be the S&P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.\nAs of the close of business on March 30, the S&P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.\nTo some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.\nHowever, previous instances of the S&P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.\nKeep that cash handy in the event that opportunity knocks\nTo circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.\nWhile this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.\nThe reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&P 500 been negative.\nIf you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324715808,"gmtCreate":1616030661804,"gmtModify":1704789938486,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Steady. May the prices goes UP And UP","listText":"Steady. May the prices goes UP And UP","text":"Steady. May the prices goes UP And UP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/324715808","repostId":"2120135259","repostType":4,"repost":{"id":"2120135259","kind":"highlight","pubTimestamp":1616029551,"share":"https://ttm.financial/m/news/2120135259?lang=&edition=fundamental","pubTime":"2021-03-18 09:05","market":"us","language":"en","title":"AMC to reopen almost all its U.S. theaters by March 26","url":"https://stock-news.laohu8.com/highlight/detail?id=2120135259","media":"MarketWatch","summary":"Shares of AMC Entertainment Holdings Inc. climbed 4% in extended trading Wednesday after the movie-t","content":"<p>Shares of AMC Entertainment Holdings Inc.&nbsp;climbed 4% in extended trading Wednesday after the movie-theater chain said that 98% of its U.S. locations will open starting Friday, and that 99% should be open by March 26. The news came hours after Walt Disney Co.&nbsp;said it was reopening Disneyland Park and Disney California Adventure Park, both in Anaheim, Calif., on April 30 to limited capacity. Most entertainment venues have been shut down more than a year because of the pandemic.</p>","source":"market_watch","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 to reopen almost all its U.S. theaters by March 26</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 to reopen almost all its U.S. theaters by March 26\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/amc-to-reopen-almost-all-its-us-theaters-by-march-26-2021-03-17?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of AMC Entertainment Holdings Inc. climbed 4% in extended trading Wednesday after the movie-theater chain said that 98% of its U.S. locations will open starting Friday, and that 99% should be ...</p>\n\n<a href=\"https://www.marketwatch.com/story/amc-to-reopen-almost-all-its-us-theaters-by-march-26-2021-03-17?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","AMC":"AMC院线"},"source_url":"https://www.marketwatch.com/story/amc-to-reopen-almost-all-its-us-theaters-by-march-26-2021-03-17?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"2120135259","content_text":"Shares of AMC Entertainment Holdings Inc. climbed 4% in extended trading Wednesday after the movie-theater chain said that 98% of its U.S. locations will open starting Friday, and that 99% should be open by March 26. The news came hours after Walt Disney Co. said it was reopening Disneyland Park and Disney California Adventure Park, both in Anaheim, Calif., on April 30 to limited capacity. Most entertainment venues have been shut down more than a year because of the pandemic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344401470,"gmtCreate":1618421171890,"gmtModify":1704710660244,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/344401470","repostId":"1167332274","repostType":4,"isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344408044,"gmtCreate":1618421214788,"gmtModify":1704710660569,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"GameStop UP UP UP","listText":"GameStop UP UP UP","text":"GameStop UP UP UP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344408044","repostId":"1152817730","repostType":4,"repost":{"id":"1152817730","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618388219,"share":"https://ttm.financial/m/news/1152817730?lang=&edition=fundamental","pubTime":"2021-04-14 16:16","market":"us","language":"en","title":"GameStop stock was up more than 2% after dropping 26.36% amid 7-day losing streak through Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1152817730","media":"Tiger Newspress","summary":"(April 14) GameStop stock was up more than 2% in premarket trading, after dropping 26.36% amid 7-day","content":"<p>(April 14)&nbsp;GameStop stock was up more than 2%&nbsp;in&nbsp;premarket&nbsp;trading,&nbsp;after dropping 26.36% amid 7-day losing streak through Tuesday.</p><p><img src=\"https://static.tigerbbs.com/ea739bcba8bf9425bb426509e5f9ae99\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\">GameStop&nbsp;issues&nbsp;an irrevocable notice of redemption to redeem $216.4M worth of senior notes with a 10.0% coupon rate.&nbsp;&nbsp;The voluntaryearly redemption covers the entire amount of the outstanding motes.</p><p>GameStop is using cash on hand for the early redemption.</p><p>Last week, GameStop filed&nbsp; to sell up to a maximum of 3.5M shares of its common stock from time to time through an \"at-the-market\" equity offering program. At the time, the company indicated the funds would be used for general corporate purposes and strengthening the balance sheet.</p><p>Analysts have largely been applauding many of the moves by GameStop management over the last several months amid the Reddit frenzy, although theaverage Wall Street price target is only $40.36 due to deep concerns over valuation.</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>GameStop stock was up more than 2% after dropping 26.36% amid 7-day losing streak through Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop stock was up more than 2% after dropping 26.36% amid 7-day losing streak through Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-14 16:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 14)&nbsp;GameStop stock was up more than 2%&nbsp;in&nbsp;premarket&nbsp;trading,&nbsp;after dropping 26.36% amid 7-day losing streak through Tuesday.</p><p><img src=\"https://static.tigerbbs.com/ea739bcba8bf9425bb426509e5f9ae99\" tg-width=\"659\" tg-height=\"564\" referrerpolicy=\"no-referrer\">GameStop&nbsp;issues&nbsp;an irrevocable notice of redemption to redeem $216.4M worth of senior notes with a 10.0% coupon rate.&nbsp;&nbsp;The voluntaryearly redemption covers the entire amount of the outstanding motes.</p><p>GameStop is using cash on hand for the early redemption.</p><p>Last week, GameStop filed&nbsp; to sell up to a maximum of 3.5M shares of its common stock from time to time through an \"at-the-market\" equity offering program. At the time, the company indicated the funds would be used for general corporate purposes and strengthening the balance sheet.</p><p>Analysts have largely been applauding many of the moves by GameStop management over the last several months amid the Reddit frenzy, although theaverage Wall Street price target is only $40.36 due to deep concerns over valuation.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152817730","content_text":"(April 14) GameStop stock was up more than 2% in premarket trading, after dropping 26.36% amid 7-day losing streak through Tuesday.GameStop issues an irrevocable notice of redemption to redeem $216.4M worth of senior notes with a 10.0% coupon rate.  The voluntaryearly redemption covers the entire amount of the outstanding motes.GameStop is using cash on hand for the early redemption.Last week, GameStop filed  to sell up to a maximum of 3.5M shares of its common stock from time to time through an \"at-the-market\" equity offering program. At the time, the company indicated the funds would be used for general corporate purposes and strengthening the balance sheet.Analysts have largely been applauding many of the moves by GameStop management over the last several months amid the Reddit frenzy, although theaverage Wall Street price target is only $40.36 due to deep concerns over valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353418889,"gmtCreate":1616512195741,"gmtModify":1704795165461,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"So fast down like river downstream ?","listText":"So fast down like river downstream ?","text":"So fast down like river downstream ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353418889","repostId":"1103677438","repostType":4,"repost":{"id":"1103677438","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616510536,"share":"https://ttm.financial/m/news/1103677438?lang=&edition=fundamental","pubTime":"2021-03-23 22:42","market":"us","language":"en","title":"Reddit Stocks are plunged again.","url":"https://stock-news.laohu8.com/highlight/detail?id=1103677438","media":"Tiger Newspress","summary":"Reddit Stocks are plunged again on Late Tuesday morning.AMC down 10%,SNDL down 9%,Express down 8%,Ga","content":"<p>Reddit&nbsp;Stocks&nbsp;are&nbsp;plunged&nbsp;again&nbsp;on&nbsp;Late&nbsp;Tuesday&nbsp;morning.AMC&nbsp;down&nbsp;10%,SNDL&nbsp;down&nbsp;9%,Express&nbsp;down&nbsp;8%,GameStop&nbsp;down&nbsp;5%.</p><p>GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31.The company, which is expected to report fourth quarter results after the market close on Tuesday.</p><p><img src=\"https://static.tigerbbs.com/828385a33fef6cc9305f116f7d9d31e0\" tg-width=\"375\" tg-height=\"723\" 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>Reddit Stocks are plunged again.</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\">\nReddit Stocks are plunged again.\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\">2021-03-23 22:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Reddit&nbsp;Stocks&nbsp;are&nbsp;plunged&nbsp;again&nbsp;on&nbsp;Late&nbsp;Tuesday&nbsp;morning.AMC&nbsp;down&nbsp;10%,SNDL&nbsp;down&nbsp;9%,Express&nbsp;down&nbsp;8%,GameStop&nbsp;down&nbsp;5%.</p><p>GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31.The company, which is expected to report fourth quarter results after the market close on Tuesday.</p><p><img src=\"https://static.tigerbbs.com/828385a33fef6cc9305f116f7d9d31e0\" tg-width=\"375\" tg-height=\"723\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc.","BB":"黑莓","SNDL":"SNDL Inc.","AMC":"AMC院线","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103677438","content_text":"Reddit Stocks are plunged again on Late Tuesday morning.AMC down 10%,SNDL down 9%,Express down 8%,GameStop down 5%.GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company by March 31.The company, which is expected to report fourth quarter results after the market close on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324713722,"gmtCreate":1616030373066,"gmtModify":1704789932925,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great news&nbsp;","listText":"Great news&nbsp;","text":"Great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324713722","repostId":"1196092062","repostType":4,"repost":{"id":"1196092062","kind":"news","pubTimestamp":1616029011,"share":"https://ttm.financial/m/news/1196092062?lang=&edition=fundamental","pubTime":"2021-03-18 08:56","market":"us","language":"en","title":"The Fed Will Wait. That’s a Positive for Stocks and a Departure From the Past.","url":"https://stock-news.laohu8.com/highlight/detail?id=1196092062","media":"Barrons","summary":"“Don’t fire until you see the whites of their eyes” appears to be the new command from the Federal Reserve.Powell’s comments were clearly aimed atheightened expectationsthat the Fed could raise rates multiple times by 2023, which in turn has lifted intermediate- and long-term Treasury yields. Those expectations pushed the benchmark 10-year Treasury yield to 1.68% at midday Wednesday, the highest level since January 2020. That benchmark yield eased back to 1.62% by the end of Powell’s press confe","content":"<p>“Don’t fire until you see the whites of their eyes” appears to be the new command from the Federal Reserve.</p>\n<p>Any prospect—indeed even any discussion—of interest-rate increases or reductions in securities purchases by the central bank will depend on the Fed having its goals in sight, not just in its forecasts, Fed Chairman Jerome Powell emphasized at a press conference on Wednesday. That doesn’t seem likely soon.</p>\n<p>Powell’s comments were clearly aimed atheightened expectationsthat the Fed could raise rates multiple times by 2023, which in turn has lifted intermediate- and long-term Treasury yields. Those expectations pushed the benchmark 10-year Treasury yield to 1.68% at midday Wednesday, the highest level since January 2020. That benchmark yield eased back to 1.62% by the end of Powell’s press conference, which, in turn, lifted stocks. The&nbsp;Dow Jones Industrial Average&nbsp;ended the day 0.6% higher and&nbsp;closed above the 33,000 mark&nbsp;for the first time.</p>\n<p>Powell’s remarks followed the release of the&nbsp;Federal Open Market Committee’s policy statement, which, as universally expected, contained no changes in its near-zero federal-funds target or its $120 billion monthly purchases of Treasury and agency mortgage-backed securities.</p>\n<p>Neither was it surprising that the Fed’s new&nbsp;Summary of Economic Projections&nbsp;contained significant upgrades to the central bank’s outlook for economic growth from its previous one released last December. Real gross domestic product is now expected to grow 6.5% in 2021, up from 4.2% previously, thanks to a boost from the recently enacted $1.9 trillion fiscal package. Similarly, the panel’s projection for unemployment is lowered and its expectation for inflation was increased slightly. Forecasts for 2022 and 2023 also were tweaked.</p>\n<p>But the main message Powell conveyed was clear: The Fed will continue to maintain its ultra-accommodative policy until the monetary authorities are convinced its policy goals are in sight. That would mark a sharp departure from the practice of monetary policy for more than a generation.</p>\n<p>The accepted modus operandi has been for the Fed to head off an increase in inflation by pre-emptively tightening monetary policy when what it considered to be full employment was in its forecast. Not only did the Fed’s target for full employment keep changing—falling from 6%, to 5%, and so on, until the jobless rate hit 3.5% in early 2020 before the pandemic—but inflation continuously fell short of the Fed’s 2% target.</p>\n<p>While the Fed’s so-called dot plot of rate expectations showed seven out of 18 FOMC members anticipated an increase in the fed-funds rate in 2023, Powell continually took pains to say those are only estimates of where the individual Fed governors and district presidents think the rate might be based on their individual forecasts. Not only is that a long ways off in the future, Powell noted, but the forecasts are even more uncertain than usual.</p>\n<p>Meanwhile, the Fed will be keeping its foot down on the monetary gas pedal. Financial conditions remain extremely accommodative, as indicated by the Dow’s record plus still historically low interest rates and tight credit spreads, which Powell called appropriate. What would be worrisome would be if financial conditions became disorderly.</p>\n<p>Powell didn’t think any change in the Fed’s bond purchases was needed in the face of higher yields at the long end of the Treasury market. He called the central bank’s purchases across the yield curve appropriate and didn’t see the need to skew its buying to try to pressure longer-term yields lower. Some central banks abroad, notably the Reserve Bank of Australia, have tried to manipulate bond markets by&nbsp;shifting their purchases.</p>\n<p>Even with the headline measures of unemployment expected by the Fed to drop from 6.2% last month to 4.5% by year end and 3.9% by the end of 2022, Powell emphasized that the total number of jobs remains more than 9 million below where it stood before the pandemic. Inflation also would have to show more than a transitory rise from the depressed levels of a year ago and stay above the 2% target for some time for the Fed to change its stance.</p>\n<p>Keeping Fed policy easy while the economy recovers clearly is bullish for financial markets. “It would be hard to craft a more constructive statement than this,” a client note from Evercore ISI asserted.</p>\n<p>But this policy of maintaining zero rates and huge bond purchases, even as the economy recovers, is an experiment playing out in real time. The mantra had always been that monetary policy works with long and variable lags. That produced four decades of disinflation.</p>\n<p>Waiting until the Fed sees the whites of inflation’s eyes will be a test of this new experimental approach.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed Will Wait. That’s a Positive for Stocks and a Departure From the Past.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed Will Wait. That’s a Positive for Stocks and a Departure From the Past.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-fed-will-wait-thats-a-positive-for-stocks-and-a-departure-from-the-past-51616022872?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“Don’t fire until you see the whites of their eyes” appears to be the new command from the Federal Reserve.\nAny prospect—indeed even any discussion—of interest-rate increases or reductions in ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-fed-will-wait-thats-a-positive-for-stocks-and-a-departure-from-the-past-51616022872?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-fed-will-wait-thats-a-positive-for-stocks-and-a-departure-from-the-past-51616022872?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196092062","content_text":"“Don’t fire until you see the whites of their eyes” appears to be the new command from the Federal Reserve.\nAny prospect—indeed even any discussion—of interest-rate increases or reductions in securities purchases by the central bank will depend on the Fed having its goals in sight, not just in its forecasts, Fed Chairman Jerome Powell emphasized at a press conference on Wednesday. That doesn’t seem likely soon.\nPowell’s comments were clearly aimed atheightened expectationsthat the Fed could raise rates multiple times by 2023, which in turn has lifted intermediate- and long-term Treasury yields. Those expectations pushed the benchmark 10-year Treasury yield to 1.68% at midday Wednesday, the highest level since January 2020. That benchmark yield eased back to 1.62% by the end of Powell’s press conference, which, in turn, lifted stocks. The Dow Jones Industrial Average ended the day 0.6% higher and closed above the 33,000 mark for the first time.\nPowell’s remarks followed the release of the Federal Open Market Committee’s policy statement, which, as universally expected, contained no changes in its near-zero federal-funds target or its $120 billion monthly purchases of Treasury and agency mortgage-backed securities.\nNeither was it surprising that the Fed’s new Summary of Economic Projections contained significant upgrades to the central bank’s outlook for economic growth from its previous one released last December. Real gross domestic product is now expected to grow 6.5% in 2021, up from 4.2% previously, thanks to a boost from the recently enacted $1.9 trillion fiscal package. Similarly, the panel’s projection for unemployment is lowered and its expectation for inflation was increased slightly. Forecasts for 2022 and 2023 also were tweaked.\nBut the main message Powell conveyed was clear: The Fed will continue to maintain its ultra-accommodative policy until the monetary authorities are convinced its policy goals are in sight. That would mark a sharp departure from the practice of monetary policy for more than a generation.\nThe accepted modus operandi has been for the Fed to head off an increase in inflation by pre-emptively tightening monetary policy when what it considered to be full employment was in its forecast. Not only did the Fed’s target for full employment keep changing—falling from 6%, to 5%, and so on, until the jobless rate hit 3.5% in early 2020 before the pandemic—but inflation continuously fell short of the Fed’s 2% target.\nWhile the Fed’s so-called dot plot of rate expectations showed seven out of 18 FOMC members anticipated an increase in the fed-funds rate in 2023, Powell continually took pains to say those are only estimates of where the individual Fed governors and district presidents think the rate might be based on their individual forecasts. Not only is that a long ways off in the future, Powell noted, but the forecasts are even more uncertain than usual.\nMeanwhile, the Fed will be keeping its foot down on the monetary gas pedal. Financial conditions remain extremely accommodative, as indicated by the Dow’s record plus still historically low interest rates and tight credit spreads, which Powell called appropriate. What would be worrisome would be if financial conditions became disorderly.\nPowell didn’t think any change in the Fed’s bond purchases was needed in the face of higher yields at the long end of the Treasury market. He called the central bank’s purchases across the yield curve appropriate and didn’t see the need to skew its buying to try to pressure longer-term yields lower. Some central banks abroad, notably the Reserve Bank of Australia, have tried to manipulate bond markets by shifting their purchases.\nEven with the headline measures of unemployment expected by the Fed to drop from 6.2% last month to 4.5% by year end and 3.9% by the end of 2022, Powell emphasized that the total number of jobs remains more than 9 million below where it stood before the pandemic. Inflation also would have to show more than a transitory rise from the depressed levels of a year ago and stay above the 2% target for some time for the Fed to change its stance.\nKeeping Fed policy easy while the economy recovers clearly is bullish for financial markets. “It would be hard to craft a more constructive statement than this,” a client note from Evercore ISI asserted.\nBut this policy of maintaining zero rates and huge bond purchases, even as the economy recovers, is an experiment playing out in real time. The mantra had always been that monetary policy works with long and variable lags. That produced four decades of disinflation.\nWaiting until the Fed sees the whites of inflation’s eyes will be a test of this new experimental approach.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353551201,"gmtCreate":1616509206303,"gmtModify":1704795085840,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Good news!&nbsp;","listText":"Good news!&nbsp;","text":"Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353551201","repostId":"1195122405","repostType":4,"repost":{"id":"1195122405","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616509155,"share":"https://ttm.financial/m/news/1195122405?lang=&edition=fundamental","pubTime":"2021-03-23 22:19","market":"us","language":"en","title":"All three major U.S. stock indexes turned green from red.","url":"https://stock-news.laohu8.com/highlight/detail?id=1195122405","media":"Tiger Newspress","summary":"All three major U.S. stock indexes turned green from red.","content":"<p>All three major U.S. stock indexes turned green from red.</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>7x24快讯</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\">\n7x24快讯\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\">2021-03-23 22:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>All three major U.S. stock indexes turned green from red.</p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195122405","content_text":"All three major U.S. stock indexes turned green from red.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353376084,"gmtCreate":1616465460648,"gmtModify":1704794434930,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"BABA all the way!!! ?","listText":"BABA all the way!!! ?","text":"BABA all the way!!! ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353376084","repostId":"1163218484","repostType":2,"repost":{"id":"1163218484","kind":"news","pubTimestamp":1616403428,"share":"https://ttm.financial/m/news/1163218484?lang=&edition=fundamental","pubTime":"2021-03-22 16:57","market":"hk","language":"en","title":"Alibaba: A Value And Growth Stock At Current Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1163218484","media":"seekingalpha","summary":"At current prices, Alibaba is now both a growth and value stock.This article will assess Alibaba's attractive growth prospects and the company's valuation.Alibaba will be able to enjoy stable growth from their commerce business in the next decade.The company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.Alibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.Earlier ","content":"<p><b>Summary</b></p>\n<ul>\n <li>At current prices, Alibaba is now both a growth and value stock.</li>\n <li>This article will assess Alibaba's attractive growth prospects and the company's valuation.</li>\n <li>Alibaba will be able to enjoy stable growth from their commerce business in the next decade.</li>\n <li>The company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.</li>\n <li>Alibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b6823bb4926a0de6a0dba52057262b1\" tg-width=\"768\" tg-height=\"508\"><span>Photo by maybefalse/iStock Unreleased via Getty Images</span></p>\n<p><b>Value Meets Growth</b></p>\n<p>Earlier in January, I conducted a fundamental analysis on Alibaba (BABA), and explained how it the company was undervalued as a result of an overreaction due to regulatory fears.Two months on, the stock had seen a spectacular rise back to the ~$270 levels and came tumbling back to the ~$230 levels as a result of the tech sell-off. This presents another golden opportunity for investors to pick up a great business at a fantastic price.</p>\n<p>In this article, I will analyse the growth opportunities of Alibaba and explain why I believe that the company will be able to sustain high growth rates of ~20%-30% over the next decade. As a result, buying Alibaba today gives investors a rare opportunity of buying both a value and growth stock!</p>\n<p><b>A Quick Recap</b></p>\n<p>Alibaba has four main business segments, namely: Core Commerce, Cloud Computing, Digital Media &amp; Entertainment and Innovation Initiatives. The company also has a 33% equity stake in Ant Financial as well as a diverse portfolio of investments. The following figure shows a detailed breakdown of Alibaba's business segments and brands.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bceb440f06e8958f52eb589475fc82cf\" tg-width=\"640\" tg-height=\"241\"><span>Source: Author's Compilation From Alibaba's 2020 Investor Day Presentation</span></p>\n<p>Notable changes from 2019's Investor Day include:</p>\n<ul>\n <li>Increasing its stake in EV maker Xpeng(NYSE:XPEV)from 3.2% to 19% in end 2020</li>\n <li>Taking a controlling stake of 72% in Sun Art(OTCPK:SURRY), a leading hypermarket and supermarket operator in China in October 2020</li>\n <li>Shutting down of Xiami music streaming platform in February 2021</li>\n</ul>\n<p>While Alibaba is actively developing each of these segments, my following growth analysis will be more focused on the Core Commerce and Cloud Computing segments as they are the key revenue contributors to Alibaba (86% and 8% of FY20 revenue respectively) and experience the best growth tailwinds.</p>\n<p>Sustainable Growth In Core CommerceE-Commerce In China&nbsp;<b>Continual Growth In China's E-Commerce Industry</b></p>\n<p>Alibaba's legacy business, its Chinese e-commerce platforms will continue to benefit from the growth in consumer spending and e-commerce penetration in China. Although this segment will no longer see explosive growth, retail e-commerce sales in China is still expected to grow at a steady pace.</p>\n<p>In 2021, e-commerce is forecasted to account for more than 50% of total retail sales in the country and this percentage will increase about ~2% per year thereafter. Growth in retail e-commerce sales will slowly taper down, but annual growth will remain in the 10% range after 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/756074b4a628637b6f63ca0f24a2657b\" tg-width=\"471\" tg-height=\"473\"><span>Source: eMarketer.com</span></p>\n<p>While this is not an astonishing growth rate, a ~10% yearly growth for a maturing business segment is certainly positive for the company. This also helps Alibaba generate an increasing amount of cash flow which can be deployed to develop other business segments and create new sources of income.</p>\n<p><b>Growth In Chinese Consumer Spending</b></p>\n<p>One major factor that can significantly affect the trajectory of the e-commerce industry is the consumer spending of Chinese citizens.</p>\n<p>According to a&nbsp;report&nbsp;by Morgan Stanley in January 2021, “Chinese consumer spending is set to more than double in ten years.” China’s private consumption was $5.6 trillion in 2019 and is expected to reach $12.7 trillion by 2030, the same amount which American’s currently spend. By 2030, disposable income per capita is also expected to rise proportionally, from $6,000 a year to $12,000, representing a CAGR of 7% over the next decade.</p>\n<p>This trend is mainly driven by an ageing population as the age groups with the highest purchasing power retire or have families, resulting in an increase in spending. Therefore, should Alibaba be able to tap onto this emerging market by focusing on family and elderly related products such as healthcare items, it would help the company sustain high growth rates in its local e-commerce business for the next decade.</p>\n<p><b>Live Streaming As A Sales Medium</b></p>\n<p>In recent years, live streaming as a sales medium has gained huge popularity in China. According to&nbsp;Coresight, life streaming sessions are real time \"broadcasting of video content by presenters such as social media influencers that model or try out products.\" Users will then be able to purchase the product by clicking an embedded link. Products advertised during live streaming are usually sold at a discounted price and there are limited quantities for sale, which explains why so many consumers tune in to hunt for bargains. The figure below shows how a typical live streaming session looks like.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11036cc14b9aacf03ae2f6a71af8b9b9\" tg-width=\"640\" tg-height=\"610\"><span>Source: WalkTheChat</span></p>\n<p>Live streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.</p>\n<p>Live-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.</p>\n<p>On Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.</p>\n<p>The growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.</p>\n<p>E-Commerce Expansion Into South East Asia (SEA)</p>\n<p>As the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:</p>\n<ul>\n <li>A Retail Situation That Is Similar To That Of China 10 Years Ago</li>\n <li>Favourable Industry Trends</li>\n <li>Strong Market Position</li>\n</ul>\n<p><b>A Familiar Retail Situation</b></p>\n<p>The current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.</p>\n<p>This makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.</p>\n<p>Live streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.</p>\n<p>Live-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.</p>\n<p>On Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.</p>\n<p>The growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.</p>\n<p>E-Commerce Expansion Into South East Asia (SEA)</p>\n<p>As the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:</p>\n<ul>\n <li>A Retail Situation That Is Similar To That Of China 10 Years Ago</li>\n <li>Favourable Industry Trends</li>\n <li>Strong Market Position</li>\n</ul>\n<p><b>A Familiar Retail Situation</b></p>\n<p>The current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.</p>\n<p>This makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6d6fb227b8c656b6877c05cda10bc05\" tg-width=\"640\" tg-height=\"250\"><span>Source: Alibaba 2020 Investor Day Presentation</span></p>\n<p><b>Favourable Industry Trends</b></p>\n<p>Apart from the SEA market resembling China ten years ago, the region is also experiencing very positive trends regarding income growth, consumer spending growth and e-commerce penetration, all of which will accelerate Alibaba’s developments in the region.</p>\n<p>1. A Rapidly Expanding Market</p>\n<p>According to&nbsp;Mashable, Southeast Asia’s internet economy hit the US$100 billion mark at the end of 2019, and e-commerce was the largest sector contributing to this figure. Out of $100 billion, e-commerce platforms made US$38 billion!</p>\n<p>Looking ahead, the region’s online market value is expected to rise to US$300 billion by 2025, and e-commerce will be one of the greatest benefactors of this growth.</p>\n<p>2. COVID-19 Accelerated E-Commerce User-ship</p>\n<p>According to report by Facebook and Bain &amp; Company in August 2020, the number of digital consumers in SEA will reach 310 million by the end of 2020. This figure was originally expected to be hit in 2025 according to their 2019 study. It is likely that the emergence of COVID-19 had accelerated e-commerce adaptation in the region, condensing five years worth of growth into one!</p>\n<p>In the following years, the report predicts that the number of digital consumers will continue growing at a fast pace, with a revised figure of 340 million by 2025. I wouldn’t be too surprised if this figure was also exceeded in the next year or two considering the rapid advancements in technology in the region.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/908582f41e5c35b3d4ea07100fbe40fd\" tg-width=\"640\" tg-height=\"470\"><span>Source: Facebook and Bain &amp; Company Report</span></p>\n<p>3. Increasing Consumer Spending</p>\n<p>SEA countries have recorded one of the highest growths in online spending in the past years. From the chart below, we can see that SEA nations (highlighted in yellow) have been experiencing high yearly growth rates of &gt;15% in online spending.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57f4d6765dd4d059ba13ba9d859c6b48\" tg-width=\"640\" tg-height=\"352\"><span>Source: Techpinas.com</span></p>\n<p>This growth is expected to remain high in the coming years with the same report by Facebook and Bain &amp; Company predicting a 3.5x increase in online spending over 2018 amounts by 2025. (This figure was previously 3.2x in 2019). As of 2020, the average gross merchandise value (GMV) in the region is an estimated US$172 per person. This pales in comparison with China’s ~US$1400 GMV per person as calculated using figures from Alibaba’s 2020 annual report (RMB 6,589,000m GMV/ 726m Annual Active Consumers *0.15 Exchange Rate), indicating a huge runway for growth. Just by simply catching up to the average spend per consumer in China, SEA’s e-commerce GMV would increase 8x!</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d2ad0cc4c3fb4bc0fe134e91d7822a6\" tg-width=\"640\" tg-height=\"437\"><span>Source: Facebook and Bain &amp; Company Report</span></p>\n<p>4. Numerous Catalyst For Growth</p>\n<p>Over the next decade, apart from the trends mentioned, there are also numerous favourable factors which will drive this growth or provide an added boost to this developing industry. The catalysts for growth include:</p>\n<ul>\n <li>Population Increase</li>\n <li>Rising Disposable Income</li>\n <li>Greater Mobile Phone Ownership — Driven by falling phone prices</li>\n <li>Faster Internet Speed — Improves efficiency and convenience</li>\n</ul>\n<p>Currently, all of these factors are trending upwards, which is very positive news for the SEA e-commerce industry!</p>\n<p><b>A Strong Market Position</b></p>\n<p>Currently, the two main e-commerce players in SEA are Alibaba (through Lazada and Tokopedia) as well as Sea (through Shopee). Alibaba and Sea operate in a “duopoly” in the SEA e-commerce space. Hence, Alibaba is well positioned to capture much of the growth from the booming e-commerce industry in SEA.</p>\n<p>As shown in the figure below, Alibaba-owned Lazada is currently the top e-commerce application in all SEA countries except Singapore. However, Carousell is not direct competition to Lazada as the former is more of a C2C marketplace to sell secondhand items. Additionally, Lazada also gained market share in Vietnam as it was ranked 2nd behind Shopee in 2019.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17c2674331dd7f0c33ce2cc9ae89b8e9\" tg-width=\"640\" tg-height=\"341\"><span>Source: Nativex</span></p>\n<p>While Alibaba's current market position remains superior, Sea-owned Shopee is providing Alibaba with extremely strong competition in the region and Lazada will need to actively improve its services and offerings to maintain its market position.</p>\n<p>In conclusion, SEA is a huge growth opportunity for Alibaba’s e-commerce business due to a familiar retail situation, rapidly increasing income levels, rising consumer spending and a more widespread adoption of e-commerce. Being a market leader will also allow Alibaba to benefit the most from the growth of this market.</p>\n<p><b>Strong Growth Expected In Local Services</b></p>\n<p>An often overlooked part of Alibaba's core commerce business are its local services which mainly consists of Alibaba's online-to-offline (O2O) food delivery service. This is another industry in China which is experiencing a secular increase in penetration and adoption rate.</p>\n<p>Over the past five years, the number of online food delivery users have quadrupled, although it saw a slight drop in 2020 due to the COVID-19 pandemic. Unlike most countries whereby lockdowns in 2020 caused a spike in food delivery users, strict pandemic prevention rules in China resulted in a temporary drop in food delivery users as delivery drivers were unable to enter certain residential areas. Following the peak of the pandemic, food delivery usage quickly rose back to 2019 levels. With low rates of infection within the country, it is likely that food delivery services will continue to gain steam and increase in usage in the following years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd5831a87f6cc2e73eab37213f859760\" tg-width=\"640\" tg-height=\"415\"><span>Source: Statista</span></p>\n<p>As of December 2020, China had&nbsp;986 million&nbsp;mobile internet users. This means that the O2O food delivery penetration rate is still below 50%, implying a large runway for growth in this industry.</p>\n<p>Between 2021-2026,EMR&nbsp;expects the Chinese online food delivery market to grow at an astonishing CAGR of 112%. There are many tailwinds that will fuel this growth, namely:</p>\n<ul>\n <li>The convenience of online food delivery</li>\n <li>Online delivery is already integrated into everyday apps like WeChat and Alipay</li>\n <li>More young people do not have the time and/or ability to cook</li>\n <li>An already large internet mobile population</li>\n</ul>\n<p>If the online food delivery industry can achieve anything near of the predicted growth rate, Alibaba’s local delivery service will deeply benefit and become an important driver of revenue growth. Furthermore, the company also aims to widen the delivery services it provides to beyond food, which would provide more growth opportunities.</p>\n<p><b>Innovations In New Retail Could Spur Growth</b></p>\n<p>Another lesser-known part of Alibaba's commerce business is New Retail, where the company aims to combine the online and offline shopping experience. Alibaba's expansion into new retail includes departmental store chain Intime and supermarket Hema. You can refer to my previous&nbsp;article&nbsp;to learn more about Alibaba's new retail.</p>\n<p>New Retail is currently Alibaba's fastest growing commerce segment, contributing approximately 20% of commerce revenue. As Alibaba expands its new retail segment to include more brick and mortar businesses (e.g., acquiring a controlling stake in hypermarket Sun Art in 2020 where it plans to push more new retail strategies), this segment will continue to be a strong revenue driver for the company.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/253d16bea23dcb43969c282ffeba9710\" tg-width=\"640\" tg-height=\"266\"><span>Source: Author's Illustrations</span></p>\n<p>According to Jack Ma, the transition to new retail will take a total of 12 years. As of today, we are only five years in. Given the positive results showed in the early stages, I believe that new retail will be able to establish Alibaba's presence and leadership in both online and offline retail, effectively increasing its total addressable market and future revenues.</p>\n<p>Capturing The Cloud Industry's Rapid Growth</p>\n<p>Apart from the numerous opportunities for growth and expansion in the commerce sector, Alibaba's cloud computing business will likely be the segment that poses huge growth figures.</p>\n<p>The cloud computing market is a rising industry in China as cloud services is part of the nation's drive to upgrade its economy by incorporating a range of new technologies such as big data and AI. This is reflective in the “Made In China 2025” Plan which places a key emphasis on IT development and independence.</p>\n<p>Cloud Services in China are considered “a few years” behind the US in adaptation and development, with China cloud market share being13.7%of global cloud demand, less than would be expected for a market of its size.</p>\n<p>For Alibaba, cloud computing is now their main business focus after commerce as they believe in the prospects and profitability of the industry.</p>\n<blockquote>\n I think cloud will be the main business of Alibaba in the future”, reflecting the direction that Alibaba is pivoting its business to. \n</blockquote>\n<blockquote>\n -- Alibaba CEO Daniel Zhang in a&nbsp;CNBC Interview\n</blockquote>\n<p><b>Rapid Industry Growth</b></p>\n<p>In the past five years, Alibaba’s cloud segment revenue has grown at an astonishing CAGR of 99%. As China’s cloud industry is still at a developing phase, we can continue to expect strong growth from both the company and industry.</p>\n<p>According&nbsp;to a white paper by the Development Research Center (DRC) of the State Council, it predicts that China’s domestic cloud industry will exceed 300 billion yuan by 2023 (up from 96 billion in 2018) and over “60% of the country’s businesses and government agencies will rely on cloud computing as an integral part of their daily operations”.</p>\n<p>Long term wise, China’s cloud industry still has a very long runway to develop. In 2019, China’s total&nbsp;cloud spending&nbsp;was only 8.4% of the US, but its GDP was 67% of the US and growing at a quicker pace. As China catches up with the US in cloud development and usage rates, they will likely experience strong, secular growth in its cloud industry minimally over the next decade.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e5eaee88c10086939b21d938301d044\" tg-width=\"640\" tg-height=\"413\"><span>Source: Geekwire</span></p>\n<p>Internationally, Alibaba Cloud is also slowly gaining market share and an expansion into overseas markets especially South East Asia could be very beneficial for the company’s cloud growth.</p>\n<p><b>Catalyst For Cloud Development</b></p>\n<p>Other catalysts for the growth of cloud computing in China include:</p>\n<ul>\n <li>China has the largest internet population in the world — \"generating a huge amount of data that needs to be stored securely and analysed for insights in a cost-effective manner\", according to&nbsp;SCMP</li>\n <li>5G Mobile Networks</li>\n <li>“Internet Plus” Strategy introduced in 2015 which seeks to integrate the mobile internet, cloud computing, big data and IoT applications to modernise industries and manufacturing</li>\n <li>COVID-19 has accelerated the move towards cloud adaptation</li>\n</ul>\n<p><b>A High Margin &amp; Profitable Business Model</b></p>\n<p>Apart from high growth rates, success in the cloud business can profoundly enhance Alibaba's bottom line due to its high margins.</p>\n<p>For example, cloud accounts for only 1/9th of Amazon's revenue, yet it contributes 60% of operating profits, reflecting the profitability in this business.</p>\n<p>In the past years, operating margins for the cloud segment of market leaders such as AWS has hovered around the high twenties. As of 4Q20, AWS' operating margin improved to ~30% and it is expected to continue rising to 35% within the next two years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e974af686cc46beba5dfc1c011db901\" tg-width=\"640\" tg-height=\"473\"><span>Source: Geekwire</span></p>\n<p>Therefore, development of cloud services can both provide strong revenue growth as well as a reversal of Alibaba's falling operating margins. Revenue growth and margin expansion is an extremely ideal situation for shareholders since this will result in a greater rise in net income.</p>\n<p><b>Alibaba Is Well Positioned To Capture This Growth</b></p>\n<p>While industry growth is positive news, a high growth industry will inevitably attract multiple players, resulting in stiff competition. However, I believe that Alibaba will be able to stand out from the competition as:</p>\n<ol>\n <li>It has a first mover advantage</li>\n <li>It is the current cloud market leader in China by a huge margin</li>\n <li>There are only two main competitors — Tencent(OTCPK:TCEHY)and Baidu(NASDAQ:BIDU)</li>\n <li>China has a more developed IT Infrastructure than the US, hence less money is required to redevelop decade old infrastructure and replace it with the networks required for cloud computing</li>\n</ol>\n<p>Elaborating on points 2 and 3, as of 2Q20, Alibaba Cloud has the bulk of China's&nbsp;market share&nbsp;at 40%, while its closest rivals Tencent Cloud and Huawei Cloud have about 15% each. Even as competitors develop aggressively, Alibaba still remains the market leader by a huge margin, reflecting its superiority over competitors.</p>\n<p><b>Cloud Is Becoming Profitable</b></p>\n<p>Since entering the cloud industry in 2009, Alibaba's cloud business has always been unprofitable as the company splashed the cash to develop high quality infrastructure and attract customers. Similarly for Amazon, AWS took over 10 years to become profitable.</p>\n<p>After many years of draining the company's operating cash flows, Alibaba's cloud segment is finally showing signs of profitability as the company reported its first positive EBITA in 4Q20. Alibaba believes that full year profitability will be possible within the next fiscal year or two.</p>\n<p>Other Avenues Of Growth</p>\n<p>Apart from strong growth in commerce and cloud, the following avenues will also help the company to increase income in the long run.</p>\n<p><b>Making Strategic Investments</b></p>\n<p>Apart from its core businesses, Alibaba has a portfolio of equity stakes in multiple companies. I will categorise these investments into two broad groups: Investments into \"complementary\" businesses and investments into unrelated growth sectors.</p>\n<p>By making investments in related businesses, Alibaba can reduce competition and broaden its reach, thereby benefiting its current core businesses. For example, Alibaba acquired Kaola, a cross-border e-commerce platform in September 2019 and integrated it into Tmall, effectively consolidating the industry. In 2019, Alibaba's Tmall had 25% of the cross border e-commerce market while Kaola had 27.5% of the market. With the acquisition, Alibaba will now be the outright market leader in this e-commerce segment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00e2116a75cbfc02917c115917ab6a2a\" tg-width=\"549\" tg-height=\"252\"><span>Source: Advangent.com</span></p>\n<p>On the other hand, Alibaba's equity stake in rather \"unrelated\" businesses in a large prospective market allows the company to tap on the large growth potential of a new industry which it may not necessarily have the expertise to directly compete in. For example, Alibaba entered the lucrative EV market with a 14% equity stake in Xpeng. Assuming Xpeng can thrive in this industry and emerge as a top producer within the next decade, the company could be worth ~US$150 billion, which is the current market capitalisation of the world's largest automaker Volkswagen. If this theoretical valuation is achieved, Alibaba's stake would be worth US$20 billion!</p>\n<p>Considering that Alibaba is a cash rich company, small investments in attractive growth companies will not put a huge dent in the company's financials. On the flip side, if the investment plays out well, Alibaba could see huge returns on their investments. As Mohnish Pabrai always says, \"Heads I Win, Tails I Don't Lose Much!\"</p>\n<p><b>Divesting Non-Core Businesses</b></p>\n<p>While Alibaba continually expands its network of businesses and investments, is important to understand that not all ventures will succeed. For those that still remain in a poor position after many years of capital injection and developments, sometimes the best solution is to cut it off.</p>\n<p>And this is what Alibaba does. Take Xiami as an example. Xiami was acquired in 2013 under Alibaba's digital media &amp; entertainment business to compete in the lucrative music streaming industry which was then dominated by Tencent. Despite its efforts of aggressively developing and promoting Xiami, Xiami was unable to substantially grow its user-base and has always been a loss-making business. As of January 2021, Xiami only commanded \"2 per cent of China's music streaming market, behind KuGou Music, QQ Music, KuWo, and NetEase Cloud Music\" asreportedby TalkingData. As a result, Alibaba announced that it would shut down its music streaming platform within the next month.</p>\n<p>With no viable route to profitability and a poor market position in a very competitive industry, I believe that this was a smart business decision as it allows the company to cut losses, minimise operating expenses and focus on other more successful ventures.</p>\n<p>Therefore, Alibaba has shown that it is not only capable at making shrewd investments, it also knows when to cut its losses and move on when necessary.</p>\n<p><b>Ant Financial</b></p>\n<p>For many investors, Alibaba's foray into the fin-tech industry via Ant Financial would be a major catalyst for growth for the company. However, I am not going to include this as a main growth driver as Ant's restructuring is still incomplete and we do not know the full impact that regulations will have on Ant. Therefore, until we have a clearer picture on Ant's updated structure, business model and strategy, I will not be able to provide a concise growth forecast for this segment.</p>\n<p>However, as Ant's Alipay is the leading mobile payment platform in China along with WeChat pay, Ant will certainly benefit from the rise in Chinese consumer spending over the next decade as well as the increasing adaptation of mobile payment methods in more rural parts of the country.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e28f81a44ee1faefde4ca73952472151\" tg-width=\"640\" tg-height=\"371\"><span>Source: Daxue Consulting</span></p>\n<p>Apart from payments, Ant Financial also provides services which covers every aspect of a consumer's financial journey, from insurance to loans to investments. These services will also benefit from the growing affluence of the Chinese middle class. If the all-in-one Alipay app is able to induce consumer stickiness to its products, or further \"trap\" consumers within Alibaba's wide range of services, Ant could further improve Alibaba's already strong network effect and help the company increase revenue by up-selling or cross-selling consumers.</p>\n<p><b>Evaluation Of Alibaba's Growth Prospects</b></p>\n<p>After analysing Alibaba's growth prospects in its various segments, I believe that the cloud computing business will be Alibaba's main driver of growth for the next decade. This segment should be able to increase earnings at a 30-40% growth rate for the next five years considering that it will turn profitable soon and can help in expanding the company's margins..</p>\n<p>Alibaba's legacy Chinese e-commerce business will likely see declining growth rates as the industry is maturing, but its expansion into SEA, local services and new retail will provide a boost to this business segment. These three businesses are all still in their infancy and in an industry, which is yearning to take off. Strong market positions in these industries will ensure that Alibaba can capture a large proportion of this growth. As a result, I believe that Alibaba's core commerce segment as a whole can easily achieve growth rates of 15%-25% in the next five years.</p>\n<p>At this point, the success of Alibaba's strategic investments and equity stake in Ant Financial is still difficult to quantify. However, they are currently heading in the right direction and the management has demonstrated its ability to extract a lot of value from their investments, be it by complementing current businesses or through an increase in valuation. Therefore, I am optimistic that Alibaba's portfolio of investments (including Ant) will provide tailwinds for the company's growth.</p>\n<p><b>Current Valuation Of Alibaba</b></p>\n<p>In my previousarticle, I did a Sum-Of-The-Parts (SOTP) valuation approach for Alibaba. For this valuation, I will also be using a SOTP valuation, but adopting an even more conservative approach to protect myself from what seems to be an inevitable market downturn.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60970c1f02270ea3d812e0603b44a197\" tg-width=\"640\" tg-height=\"444\"><span>Source: Author's calculations</span></p>\n<p><b>Assumptions &amp; Estimates Used</b></p>\n<ul>\n <li>All figures are in RMB unless otherwise stated</li>\n <li>USD to RMB exchange rate used is 1:7</li>\n <li>Earnings &amp; revenue estimates are for Fiscal Year 2021 which ends on 31/3/21</li>\n <li>Y-o-y growth estimates are 20% for core commerce, 50% for cloud computing, 3% for digital media &amp; entertainment and 0% for innovation initiatives. These estimates are slightly lower than the released 9M21 vs 9M20 figures</li>\n <li>Conservatively, Ant Financial is now valued at US$108 billion, according to the latest valuation by&nbsp;Bloomberg</li>\n <li>The value of \"Other Strategic Investments\" is adapted from Alibaba's 2020 Investor Day presentation</li>\n <li>Balance sheet information is from the company's latest 10-Q</li>\n</ul>\n<p><b>Price Multiples Used</b></p>\n<p>For Alibaba's core commerce business, the two multiples used are very conservative as Alibaba's historical average P/E is around 39. The reason for using a more conservative P/E is very simple. Alibaba's core commerce business will no longer experience exponential growth in the years ahead, therefore a few years from now, the core commerce business will unlikely command such a high multiple.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/267ced3b0a87b74cb78f90024fba03dd\" tg-width=\"640\" tg-height=\"457\"><span>Source:Analyst Prep</span></p>\n<p>With reference to an industry life cycle model, I will estimate Alibaba's core commerce business to be somewhere between the \"growth\" and \"shake-out\" stage now.</p>\n<p>Taking the 10-year P/E average of other e-commerce companies (JD(NASDAQ:JD), eBay(NASDAQ:EBAY)and Rakuten(OTCPK:RKUNY)), I arrive to a multiple of 25. Amazon(NASDAQ:AMZN)has been excluded as I personally think that it's extremely high P/E is unsustainable in the long run. A P/E of 25 is realistic as large commerce chains which are currently in a mature industry (Walmart(NYSE:WMT), Target(NYSE:TGT), Costco(NASDAQ:COST)) trade at a 10-year average P/E of ~20. Once e-commerce reaches \"mature\" stage, it should trade on a similar multiple to its retail &amp; commerce peers. However, due to its much higher margins, I believe that Alibaba will trade at a slight premium, therefore a base case multiple of 25 is appropriate.</p>\n<p>For the cloud computing industry, cloud businesses are currently trading at Price to Revenue multiples between 10x to 15x. In 2019, AWS traded at a multiple of ~12 hence this will be my base case estimate.</p>\n<p>The digital media &amp; entertainment business's multiple is derived from the 10-year average of Netflix(NASDAQ:NFLX)and iQiyi(NASDAQ:IQ)while innovation initiatives &amp; others takes the multiple of the US IT sector.</p>\n<p><b>Conclusion</b></p>\n<p>At a price below $239, Alibaba is trading at a valuation even lower than its bear case, and this valuation model by itself is already extremely conservative. Therefore, investing in Alibaba today not only comes with spectacular growth opportunities, but also an equally amazing margin of safety. Should prices continue to fall from here, I will not hesitate to continue adding to my Alibaba positions.</p>\n<p>Finally, as I was writing this article, there were rumours that the Chinese government had asked Alibaba to dispose their media assets as they were concerned about Alibaba's ability to sway public sentiment. In the meantime, the key assets in concern are the South China Morning Post and several other news and media outlets. This may not necessarily be bad for the company as divestment of these assets would allow them to shore up cash to meet the regulatory requirements for Ant Financial. Such a move could also elevate the company's favourability with the government. Overall, insiders have stated that it is unlikely that Alibaba will need to divest its entertainment business, hence this regulatory concern seems to be more focused on Alibaba's media assets and will not affect the company's commerce, cloud or entertainment business, which are much more important to the company.</p>\n<p>I will not go on with all the risks associated with this investment as I have already assessed them in my previous article. As an ending remark, I will note that investing in Alibaba is indeed riskier due to the regulatory concerns both in US and China. However, if you are able to stomach the added risk and volatility, Alibaba currently gives you a very good opportunity to capitalise on the growth of China and comes at a price with a huge margin of safety baked in to protect investors from the potential downside risks.</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: A Value And Growth Stock At Current Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: A Value And Growth Stock At Current Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAt current prices, Alibaba is now both a growth and value stock.\nThis article will assess Alibaba's attractive growth prospects and the company's valuation.\nAlibaba will be able to enjoy ...</p>\n\n<a href=\"https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices\">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","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163218484","content_text":"Summary\n\nAt current prices, Alibaba is now both a growth and value stock.\nThis article will assess Alibaba's attractive growth prospects and the company's valuation.\nAlibaba will be able to enjoy stable growth from their commerce business in the next decade.\nThe company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.\nAlibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.\n\nPhoto by maybefalse/iStock Unreleased via Getty Images\nValue Meets Growth\nEarlier in January, I conducted a fundamental analysis on Alibaba (BABA), and explained how it the company was undervalued as a result of an overreaction due to regulatory fears.Two months on, the stock had seen a spectacular rise back to the ~$270 levels and came tumbling back to the ~$230 levels as a result of the tech sell-off. This presents another golden opportunity for investors to pick up a great business at a fantastic price.\nIn this article, I will analyse the growth opportunities of Alibaba and explain why I believe that the company will be able to sustain high growth rates of ~20%-30% over the next decade. As a result, buying Alibaba today gives investors a rare opportunity of buying both a value and growth stock!\nA Quick Recap\nAlibaba has four main business segments, namely: Core Commerce, Cloud Computing, Digital Media & Entertainment and Innovation Initiatives. The company also has a 33% equity stake in Ant Financial as well as a diverse portfolio of investments. The following figure shows a detailed breakdown of Alibaba's business segments and brands.\nSource: Author's Compilation From Alibaba's 2020 Investor Day Presentation\nNotable changes from 2019's Investor Day include:\n\nIncreasing its stake in EV maker Xpeng(NYSE:XPEV)from 3.2% to 19% in end 2020\nTaking a controlling stake of 72% in Sun Art(OTCPK:SURRY), a leading hypermarket and supermarket operator in China in October 2020\nShutting down of Xiami music streaming platform in February 2021\n\nWhile Alibaba is actively developing each of these segments, my following growth analysis will be more focused on the Core Commerce and Cloud Computing segments as they are the key revenue contributors to Alibaba (86% and 8% of FY20 revenue respectively) and experience the best growth tailwinds.\nSustainable Growth In Core CommerceE-Commerce In China Continual Growth In China's E-Commerce Industry\nAlibaba's legacy business, its Chinese e-commerce platforms will continue to benefit from the growth in consumer spending and e-commerce penetration in China. Although this segment will no longer see explosive growth, retail e-commerce sales in China is still expected to grow at a steady pace.\nIn 2021, e-commerce is forecasted to account for more than 50% of total retail sales in the country and this percentage will increase about ~2% per year thereafter. Growth in retail e-commerce sales will slowly taper down, but annual growth will remain in the 10% range after 2021.\nSource: eMarketer.com\nWhile this is not an astonishing growth rate, a ~10% yearly growth for a maturing business segment is certainly positive for the company. This also helps Alibaba generate an increasing amount of cash flow which can be deployed to develop other business segments and create new sources of income.\nGrowth In Chinese Consumer Spending\nOne major factor that can significantly affect the trajectory of the e-commerce industry is the consumer spending of Chinese citizens.\nAccording to a report by Morgan Stanley in January 2021, “Chinese consumer spending is set to more than double in ten years.” China’s private consumption was $5.6 trillion in 2019 and is expected to reach $12.7 trillion by 2030, the same amount which American’s currently spend. By 2030, disposable income per capita is also expected to rise proportionally, from $6,000 a year to $12,000, representing a CAGR of 7% over the next decade.\nThis trend is mainly driven by an ageing population as the age groups with the highest purchasing power retire or have families, resulting in an increase in spending. Therefore, should Alibaba be able to tap onto this emerging market by focusing on family and elderly related products such as healthcare items, it would help the company sustain high growth rates in its local e-commerce business for the next decade.\nLive Streaming As A Sales Medium\nIn recent years, live streaming as a sales medium has gained huge popularity in China. According to Coresight, life streaming sessions are real time \"broadcasting of video content by presenters such as social media influencers that model or try out products.\" Users will then be able to purchase the product by clicking an embedded link. Products advertised during live streaming are usually sold at a discounted price and there are limited quantities for sale, which explains why so many consumers tune in to hunt for bargains. The figure below shows how a typical live streaming session looks like.\nSource: WalkTheChat\nLive streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.\nLive-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.\nOn Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.\nThe growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.\nE-Commerce Expansion Into South East Asia (SEA)\nAs the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:\n\nA Retail Situation That Is Similar To That Of China 10 Years Ago\nFavourable Industry Trends\nStrong Market Position\n\nA Familiar Retail Situation\nThe current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.\nThis makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.\nLive streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.\nLive-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.\nOn Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.\nThe growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.\nE-Commerce Expansion Into South East Asia (SEA)\nAs the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:\n\nA Retail Situation That Is Similar To That Of China 10 Years Ago\nFavourable Industry Trends\nStrong Market Position\n\nA Familiar Retail Situation\nThe current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.\nThis makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.\nSource: Alibaba 2020 Investor Day Presentation\nFavourable Industry Trends\nApart from the SEA market resembling China ten years ago, the region is also experiencing very positive trends regarding income growth, consumer spending growth and e-commerce penetration, all of which will accelerate Alibaba’s developments in the region.\n1. A Rapidly Expanding Market\nAccording to Mashable, Southeast Asia’s internet economy hit the US$100 billion mark at the end of 2019, and e-commerce was the largest sector contributing to this figure. Out of $100 billion, e-commerce platforms made US$38 billion!\nLooking ahead, the region’s online market value is expected to rise to US$300 billion by 2025, and e-commerce will be one of the greatest benefactors of this growth.\n2. COVID-19 Accelerated E-Commerce User-ship\nAccording to report by Facebook and Bain & Company in August 2020, the number of digital consumers in SEA will reach 310 million by the end of 2020. This figure was originally expected to be hit in 2025 according to their 2019 study. It is likely that the emergence of COVID-19 had accelerated e-commerce adaptation in the region, condensing five years worth of growth into one!\nIn the following years, the report predicts that the number of digital consumers will continue growing at a fast pace, with a revised figure of 340 million by 2025. I wouldn’t be too surprised if this figure was also exceeded in the next year or two considering the rapid advancements in technology in the region.\nSource: Facebook and Bain & Company Report\n3. Increasing Consumer Spending\nSEA countries have recorded one of the highest growths in online spending in the past years. From the chart below, we can see that SEA nations (highlighted in yellow) have been experiencing high yearly growth rates of >15% in online spending.\nSource: Techpinas.com\nThis growth is expected to remain high in the coming years with the same report by Facebook and Bain & Company predicting a 3.5x increase in online spending over 2018 amounts by 2025. (This figure was previously 3.2x in 2019). As of 2020, the average gross merchandise value (GMV) in the region is an estimated US$172 per person. This pales in comparison with China’s ~US$1400 GMV per person as calculated using figures from Alibaba’s 2020 annual report (RMB 6,589,000m GMV/ 726m Annual Active Consumers *0.15 Exchange Rate), indicating a huge runway for growth. Just by simply catching up to the average spend per consumer in China, SEA’s e-commerce GMV would increase 8x!\nSource: Facebook and Bain & Company Report\n4. Numerous Catalyst For Growth\nOver the next decade, apart from the trends mentioned, there are also numerous favourable factors which will drive this growth or provide an added boost to this developing industry. The catalysts for growth include:\n\nPopulation Increase\nRising Disposable Income\nGreater Mobile Phone Ownership — Driven by falling phone prices\nFaster Internet Speed — Improves efficiency and convenience\n\nCurrently, all of these factors are trending upwards, which is very positive news for the SEA e-commerce industry!\nA Strong Market Position\nCurrently, the two main e-commerce players in SEA are Alibaba (through Lazada and Tokopedia) as well as Sea (through Shopee). Alibaba and Sea operate in a “duopoly” in the SEA e-commerce space. Hence, Alibaba is well positioned to capture much of the growth from the booming e-commerce industry in SEA.\nAs shown in the figure below, Alibaba-owned Lazada is currently the top e-commerce application in all SEA countries except Singapore. However, Carousell is not direct competition to Lazada as the former is more of a C2C marketplace to sell secondhand items. Additionally, Lazada also gained market share in Vietnam as it was ranked 2nd behind Shopee in 2019.\nSource: Nativex\nWhile Alibaba's current market position remains superior, Sea-owned Shopee is providing Alibaba with extremely strong competition in the region and Lazada will need to actively improve its services and offerings to maintain its market position.\nIn conclusion, SEA is a huge growth opportunity for Alibaba’s e-commerce business due to a familiar retail situation, rapidly increasing income levels, rising consumer spending and a more widespread adoption of e-commerce. Being a market leader will also allow Alibaba to benefit the most from the growth of this market.\nStrong Growth Expected In Local Services\nAn often overlooked part of Alibaba's core commerce business are its local services which mainly consists of Alibaba's online-to-offline (O2O) food delivery service. This is another industry in China which is experiencing a secular increase in penetration and adoption rate.\nOver the past five years, the number of online food delivery users have quadrupled, although it saw a slight drop in 2020 due to the COVID-19 pandemic. Unlike most countries whereby lockdowns in 2020 caused a spike in food delivery users, strict pandemic prevention rules in China resulted in a temporary drop in food delivery users as delivery drivers were unable to enter certain residential areas. Following the peak of the pandemic, food delivery usage quickly rose back to 2019 levels. With low rates of infection within the country, it is likely that food delivery services will continue to gain steam and increase in usage in the following years.\nSource: Statista\nAs of December 2020, China had 986 million mobile internet users. This means that the O2O food delivery penetration rate is still below 50%, implying a large runway for growth in this industry.\nBetween 2021-2026,EMR expects the Chinese online food delivery market to grow at an astonishing CAGR of 112%. There are many tailwinds that will fuel this growth, namely:\n\nThe convenience of online food delivery\nOnline delivery is already integrated into everyday apps like WeChat and Alipay\nMore young people do not have the time and/or ability to cook\nAn already large internet mobile population\n\nIf the online food delivery industry can achieve anything near of the predicted growth rate, Alibaba’s local delivery service will deeply benefit and become an important driver of revenue growth. Furthermore, the company also aims to widen the delivery services it provides to beyond food, which would provide more growth opportunities.\nInnovations In New Retail Could Spur Growth\nAnother lesser-known part of Alibaba's commerce business is New Retail, where the company aims to combine the online and offline shopping experience. Alibaba's expansion into new retail includes departmental store chain Intime and supermarket Hema. You can refer to my previous article to learn more about Alibaba's new retail.\nNew Retail is currently Alibaba's fastest growing commerce segment, contributing approximately 20% of commerce revenue. As Alibaba expands its new retail segment to include more brick and mortar businesses (e.g., acquiring a controlling stake in hypermarket Sun Art in 2020 where it plans to push more new retail strategies), this segment will continue to be a strong revenue driver for the company.\nSource: Author's Illustrations\nAccording to Jack Ma, the transition to new retail will take a total of 12 years. As of today, we are only five years in. Given the positive results showed in the early stages, I believe that new retail will be able to establish Alibaba's presence and leadership in both online and offline retail, effectively increasing its total addressable market and future revenues.\nCapturing The Cloud Industry's Rapid Growth\nApart from the numerous opportunities for growth and expansion in the commerce sector, Alibaba's cloud computing business will likely be the segment that poses huge growth figures.\nThe cloud computing market is a rising industry in China as cloud services is part of the nation's drive to upgrade its economy by incorporating a range of new technologies such as big data and AI. This is reflective in the “Made In China 2025” Plan which places a key emphasis on IT development and independence.\nCloud Services in China are considered “a few years” behind the US in adaptation and development, with China cloud market share being13.7%of global cloud demand, less than would be expected for a market of its size.\nFor Alibaba, cloud computing is now their main business focus after commerce as they believe in the prospects and profitability of the industry.\n\n I think cloud will be the main business of Alibaba in the future”, reflecting the direction that Alibaba is pivoting its business to. \n\n\n -- Alibaba CEO Daniel Zhang in a CNBC Interview\n\nRapid Industry Growth\nIn the past five years, Alibaba’s cloud segment revenue has grown at an astonishing CAGR of 99%. As China’s cloud industry is still at a developing phase, we can continue to expect strong growth from both the company and industry.\nAccording to a white paper by the Development Research Center (DRC) of the State Council, it predicts that China’s domestic cloud industry will exceed 300 billion yuan by 2023 (up from 96 billion in 2018) and over “60% of the country’s businesses and government agencies will rely on cloud computing as an integral part of their daily operations”.\nLong term wise, China’s cloud industry still has a very long runway to develop. In 2019, China’s total cloud spending was only 8.4% of the US, but its GDP was 67% of the US and growing at a quicker pace. As China catches up with the US in cloud development and usage rates, they will likely experience strong, secular growth in its cloud industry minimally over the next decade.\nSource: Geekwire\nInternationally, Alibaba Cloud is also slowly gaining market share and an expansion into overseas markets especially South East Asia could be very beneficial for the company’s cloud growth.\nCatalyst For Cloud Development\nOther catalysts for the growth of cloud computing in China include:\n\nChina has the largest internet population in the world — \"generating a huge amount of data that needs to be stored securely and analysed for insights in a cost-effective manner\", according to SCMP\n5G Mobile Networks\n“Internet Plus” Strategy introduced in 2015 which seeks to integrate the mobile internet, cloud computing, big data and IoT applications to modernise industries and manufacturing\nCOVID-19 has accelerated the move towards cloud adaptation\n\nA High Margin & Profitable Business Model\nApart from high growth rates, success in the cloud business can profoundly enhance Alibaba's bottom line due to its high margins.\nFor example, cloud accounts for only 1/9th of Amazon's revenue, yet it contributes 60% of operating profits, reflecting the profitability in this business.\nIn the past years, operating margins for the cloud segment of market leaders such as AWS has hovered around the high twenties. As of 4Q20, AWS' operating margin improved to ~30% and it is expected to continue rising to 35% within the next two years.\nSource: Geekwire\nTherefore, development of cloud services can both provide strong revenue growth as well as a reversal of Alibaba's falling operating margins. Revenue growth and margin expansion is an extremely ideal situation for shareholders since this will result in a greater rise in net income.\nAlibaba Is Well Positioned To Capture This Growth\nWhile industry growth is positive news, a high growth industry will inevitably attract multiple players, resulting in stiff competition. However, I believe that Alibaba will be able to stand out from the competition as:\n\nIt has a first mover advantage\nIt is the current cloud market leader in China by a huge margin\nThere are only two main competitors — Tencent(OTCPK:TCEHY)and Baidu(NASDAQ:BIDU)\nChina has a more developed IT Infrastructure than the US, hence less money is required to redevelop decade old infrastructure and replace it with the networks required for cloud computing\n\nElaborating on points 2 and 3, as of 2Q20, Alibaba Cloud has the bulk of China's market share at 40%, while its closest rivals Tencent Cloud and Huawei Cloud have about 15% each. Even as competitors develop aggressively, Alibaba still remains the market leader by a huge margin, reflecting its superiority over competitors.\nCloud Is Becoming Profitable\nSince entering the cloud industry in 2009, Alibaba's cloud business has always been unprofitable as the company splashed the cash to develop high quality infrastructure and attract customers. Similarly for Amazon, AWS took over 10 years to become profitable.\nAfter many years of draining the company's operating cash flows, Alibaba's cloud segment is finally showing signs of profitability as the company reported its first positive EBITA in 4Q20. Alibaba believes that full year profitability will be possible within the next fiscal year or two.\nOther Avenues Of Growth\nApart from strong growth in commerce and cloud, the following avenues will also help the company to increase income in the long run.\nMaking Strategic Investments\nApart from its core businesses, Alibaba has a portfolio of equity stakes in multiple companies. I will categorise these investments into two broad groups: Investments into \"complementary\" businesses and investments into unrelated growth sectors.\nBy making investments in related businesses, Alibaba can reduce competition and broaden its reach, thereby benefiting its current core businesses. For example, Alibaba acquired Kaola, a cross-border e-commerce platform in September 2019 and integrated it into Tmall, effectively consolidating the industry. In 2019, Alibaba's Tmall had 25% of the cross border e-commerce market while Kaola had 27.5% of the market. With the acquisition, Alibaba will now be the outright market leader in this e-commerce segment.\nSource: Advangent.com\nOn the other hand, Alibaba's equity stake in rather \"unrelated\" businesses in a large prospective market allows the company to tap on the large growth potential of a new industry which it may not necessarily have the expertise to directly compete in. For example, Alibaba entered the lucrative EV market with a 14% equity stake in Xpeng. Assuming Xpeng can thrive in this industry and emerge as a top producer within the next decade, the company could be worth ~US$150 billion, which is the current market capitalisation of the world's largest automaker Volkswagen. If this theoretical valuation is achieved, Alibaba's stake would be worth US$20 billion!\nConsidering that Alibaba is a cash rich company, small investments in attractive growth companies will not put a huge dent in the company's financials. On the flip side, if the investment plays out well, Alibaba could see huge returns on their investments. As Mohnish Pabrai always says, \"Heads I Win, Tails I Don't Lose Much!\"\nDivesting Non-Core Businesses\nWhile Alibaba continually expands its network of businesses and investments, is important to understand that not all ventures will succeed. For those that still remain in a poor position after many years of capital injection and developments, sometimes the best solution is to cut it off.\nAnd this is what Alibaba does. Take Xiami as an example. Xiami was acquired in 2013 under Alibaba's digital media & entertainment business to compete in the lucrative music streaming industry which was then dominated by Tencent. Despite its efforts of aggressively developing and promoting Xiami, Xiami was unable to substantially grow its user-base and has always been a loss-making business. As of January 2021, Xiami only commanded \"2 per cent of China's music streaming market, behind KuGou Music, QQ Music, KuWo, and NetEase Cloud Music\" asreportedby TalkingData. As a result, Alibaba announced that it would shut down its music streaming platform within the next month.\nWith no viable route to profitability and a poor market position in a very competitive industry, I believe that this was a smart business decision as it allows the company to cut losses, minimise operating expenses and focus on other more successful ventures.\nTherefore, Alibaba has shown that it is not only capable at making shrewd investments, it also knows when to cut its losses and move on when necessary.\nAnt Financial\nFor many investors, Alibaba's foray into the fin-tech industry via Ant Financial would be a major catalyst for growth for the company. However, I am not going to include this as a main growth driver as Ant's restructuring is still incomplete and we do not know the full impact that regulations will have on Ant. Therefore, until we have a clearer picture on Ant's updated structure, business model and strategy, I will not be able to provide a concise growth forecast for this segment.\nHowever, as Ant's Alipay is the leading mobile payment platform in China along with WeChat pay, Ant will certainly benefit from the rise in Chinese consumer spending over the next decade as well as the increasing adaptation of mobile payment methods in more rural parts of the country.\nSource: Daxue Consulting\nApart from payments, Ant Financial also provides services which covers every aspect of a consumer's financial journey, from insurance to loans to investments. These services will also benefit from the growing affluence of the Chinese middle class. If the all-in-one Alipay app is able to induce consumer stickiness to its products, or further \"trap\" consumers within Alibaba's wide range of services, Ant could further improve Alibaba's already strong network effect and help the company increase revenue by up-selling or cross-selling consumers.\nEvaluation Of Alibaba's Growth Prospects\nAfter analysing Alibaba's growth prospects in its various segments, I believe that the cloud computing business will be Alibaba's main driver of growth for the next decade. This segment should be able to increase earnings at a 30-40% growth rate for the next five years considering that it will turn profitable soon and can help in expanding the company's margins..\nAlibaba's legacy Chinese e-commerce business will likely see declining growth rates as the industry is maturing, but its expansion into SEA, local services and new retail will provide a boost to this business segment. These three businesses are all still in their infancy and in an industry, which is yearning to take off. Strong market positions in these industries will ensure that Alibaba can capture a large proportion of this growth. As a result, I believe that Alibaba's core commerce segment as a whole can easily achieve growth rates of 15%-25% in the next five years.\nAt this point, the success of Alibaba's strategic investments and equity stake in Ant Financial is still difficult to quantify. However, they are currently heading in the right direction and the management has demonstrated its ability to extract a lot of value from their investments, be it by complementing current businesses or through an increase in valuation. Therefore, I am optimistic that Alibaba's portfolio of investments (including Ant) will provide tailwinds for the company's growth.\nCurrent Valuation Of Alibaba\nIn my previousarticle, I did a Sum-Of-The-Parts (SOTP) valuation approach for Alibaba. For this valuation, I will also be using a SOTP valuation, but adopting an even more conservative approach to protect myself from what seems to be an inevitable market downturn.\nSource: Author's calculations\nAssumptions & Estimates Used\n\nAll figures are in RMB unless otherwise stated\nUSD to RMB exchange rate used is 1:7\nEarnings & revenue estimates are for Fiscal Year 2021 which ends on 31/3/21\nY-o-y growth estimates are 20% for core commerce, 50% for cloud computing, 3% for digital media & entertainment and 0% for innovation initiatives. These estimates are slightly lower than the released 9M21 vs 9M20 figures\nConservatively, Ant Financial is now valued at US$108 billion, according to the latest valuation by Bloomberg\nThe value of \"Other Strategic Investments\" is adapted from Alibaba's 2020 Investor Day presentation\nBalance sheet information is from the company's latest 10-Q\n\nPrice Multiples Used\nFor Alibaba's core commerce business, the two multiples used are very conservative as Alibaba's historical average P/E is around 39. The reason for using a more conservative P/E is very simple. Alibaba's core commerce business will no longer experience exponential growth in the years ahead, therefore a few years from now, the core commerce business will unlikely command such a high multiple.\nSource:Analyst Prep\nWith reference to an industry life cycle model, I will estimate Alibaba's core commerce business to be somewhere between the \"growth\" and \"shake-out\" stage now.\nTaking the 10-year P/E average of other e-commerce companies (JD(NASDAQ:JD), eBay(NASDAQ:EBAY)and Rakuten(OTCPK:RKUNY)), I arrive to a multiple of 25. Amazon(NASDAQ:AMZN)has been excluded as I personally think that it's extremely high P/E is unsustainable in the long run. A P/E of 25 is realistic as large commerce chains which are currently in a mature industry (Walmart(NYSE:WMT), Target(NYSE:TGT), Costco(NASDAQ:COST)) trade at a 10-year average P/E of ~20. Once e-commerce reaches \"mature\" stage, it should trade on a similar multiple to its retail & commerce peers. However, due to its much higher margins, I believe that Alibaba will trade at a slight premium, therefore a base case multiple of 25 is appropriate.\nFor the cloud computing industry, cloud businesses are currently trading at Price to Revenue multiples between 10x to 15x. In 2019, AWS traded at a multiple of ~12 hence this will be my base case estimate.\nThe digital media & entertainment business's multiple is derived from the 10-year average of Netflix(NASDAQ:NFLX)and iQiyi(NASDAQ:IQ)while innovation initiatives & others takes the multiple of the US IT sector.\nConclusion\nAt a price below $239, Alibaba is trading at a valuation even lower than its bear case, and this valuation model by itself is already extremely conservative. Therefore, investing in Alibaba today not only comes with spectacular growth opportunities, but also an equally amazing margin of safety. Should prices continue to fall from here, I will not hesitate to continue adding to my Alibaba positions.\nFinally, as I was writing this article, there were rumours that the Chinese government had asked Alibaba to dispose their media assets as they were concerned about Alibaba's ability to sway public sentiment. In the meantime, the key assets in concern are the South China Morning Post and several other news and media outlets. This may not necessarily be bad for the company as divestment of these assets would allow them to shore up cash to meet the regulatory requirements for Ant Financial. Such a move could also elevate the company's favourability with the government. Overall, insiders have stated that it is unlikely that Alibaba will need to divest its entertainment business, hence this regulatory concern seems to be more focused on Alibaba's media assets and will not affect the company's commerce, cloud or entertainment business, which are much more important to the company.\nI will not go on with all the risks associated with this investment as I have already assessed them in my previous article. As an ending remark, I will note that investing in Alibaba is indeed riskier due to the regulatory concerns both in US and China. However, if you are able to stomach the added risk and volatility, Alibaba currently gives you a very good opportunity to capitalise on the growth of China and comes at a price with a huge margin of safety baked in to protect investors from the potential downside risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373877862,"gmtCreate":1618840936256,"gmtModify":1704715707425,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Yes comments pls","listText":"Yes comments pls","text":"Yes comments pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373877862","repostId":"1179838734","repostType":4,"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341203044,"gmtCreate":1617814028388,"gmtModify":1704703547494,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Comments TQ","listText":"Comments TQ","text":"Comments TQ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341203044","repostId":"2125757547","repostType":4,"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343666336,"gmtCreate":1617714156625,"gmtModify":1704702107611,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great. Comments&nbsp;","listText":"Great. Comments&nbsp;","text":"Great. Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343666336","repostId":"1136891234","repostType":4,"isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349527755,"gmtCreate":1617627957477,"gmtModify":1704701042875,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Can consider to own this stock","listText":"Can consider to own this stock","text":"Can consider to own this stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349527755","repostId":"1182378447","repostType":4,"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354744198,"gmtCreate":1617203483014,"gmtModify":1704697291160,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great News.&nbsp;","listText":"Great News.&nbsp;","text":"Great News.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354744198","repostId":"1113634063","repostType":4,"repost":{"id":"1113634063","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617197508,"share":"https://ttm.financial/m/news/1113634063?lang=&edition=fundamental","pubTime":"2021-03-31 21:31","market":"us","language":"en","title":"S&P 500 rises slightly as tech shares rebound, investors assess Biden’s infrastructure plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1113634063","media":"Tiger Newspress","summary":"(March 31) U.S. stock futures were modestly higher early Wednesday as investors weighed the potentia","content":"<p>(March 31)&nbsp;U.S. stock futures were modestly higher early Wednesday as investors weighed the potential impact from President&nbsp;Joe Biden’s infrastructure spending plan.</p>\n<p>Futures tied to the Dow Jones Industrial Average were flat. S&amp;P 500 futures rose 0.2% while Nasdaq 100 futures climbed 0.7%.</p>\n<p>Biden&nbsp;will unveila more than $2 trillion packagein infrastructure spending on Wednesday. The plan would raise the corporate tax rate to 28% to fund it, an administration official told reporters Tuesday night. The White House said the tax hike, combined with measures designed to stop offshoring of profits, would fund the infrastructure plan within 15 years.</p>\n<p>\"Economic stimulus is no longer 100% virtuous in the eyes of the market,\" Tom Essaye, founder of Sevens Report, said in a note. \"That's because it will bring with it 1) Higher yields, 2) Rising inflation expectations and 3) Erosion of the idea that the Fed will be on hold for the entirety of 2021. Additionally, all this stimulus is being used to offset and usher in tax increases on individuals, corporations and investments.\"</p>\n<p>Wednesday marks the end of March as well as the end of the quarter. Investors are bracing for volatile trading as pension funds and other big investors rebalance their portfolios.</p>\n<p>The Dow and the S&amp;P 500 are up 6.9% and 3.9%, respectively, month to date, on pace for their fourth positive month in five. For the quarter, the blue-chip Dow and the S&amp;P 500 have risen 8% and 5.4%, respectively, on track for their fourth positive quarter in a row.</p>\n<p>The Nasdaq has been the relative underperformer as technology stocks are especially sensitive to rising rates because they depend on borrowing money cheaply to invest in their future growth. For March, the tech-heavy benchmark is down 1.1%, on pace to break a four-month winning streak. For the quarter, it's up 1.2%.</p>\n<p>The major averages were pressured Tuesday by rising interest rates, as the U.S. 10-year Treasury yieldnotched a 14-month highof 1.77%. Bond yields have been on the rise this year amid a strong Covid-19 vaccine rollout and expectations of a broad economic recovery. The benchmark rate last traded flat at 1.73%.</p>\n<p>Private payrolls in March expanded at the fastest pace since September 2020 with companies adding 517,000 workers for the month, according to a report Wednesday from payroll processing firm ADP. It was a healthy spike from the 176,000 in February though just below the 525,000 Dow Jones estimate.</p>\n<p>Investors await the key March jobs report on Friday to assess the state of the labor-market recovery. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.</p>\n<p>The stock market is closed for the Good Friday holiday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 rises slightly as tech shares rebound, investors assess Biden’s infrastructure plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 rises slightly as tech shares rebound, investors assess Biden’s infrastructure plan\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\">2021-03-31 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 31)&nbsp;U.S. stock futures were modestly higher early Wednesday as investors weighed the potential impact from President&nbsp;Joe Biden’s infrastructure spending plan.</p>\n<p>Futures tied to the Dow Jones Industrial Average were flat. S&amp;P 500 futures rose 0.2% while Nasdaq 100 futures climbed 0.7%.</p>\n<p>Biden&nbsp;will unveila more than $2 trillion packagein infrastructure spending on Wednesday. The plan would raise the corporate tax rate to 28% to fund it, an administration official told reporters Tuesday night. The White House said the tax hike, combined with measures designed to stop offshoring of profits, would fund the infrastructure plan within 15 years.</p>\n<p>\"Economic stimulus is no longer 100% virtuous in the eyes of the market,\" Tom Essaye, founder of Sevens Report, said in a note. \"That's because it will bring with it 1) Higher yields, 2) Rising inflation expectations and 3) Erosion of the idea that the Fed will be on hold for the entirety of 2021. Additionally, all this stimulus is being used to offset and usher in tax increases on individuals, corporations and investments.\"</p>\n<p>Wednesday marks the end of March as well as the end of the quarter. Investors are bracing for volatile trading as pension funds and other big investors rebalance their portfolios.</p>\n<p>The Dow and the S&amp;P 500 are up 6.9% and 3.9%, respectively, month to date, on pace for their fourth positive month in five. For the quarter, the blue-chip Dow and the S&amp;P 500 have risen 8% and 5.4%, respectively, on track for their fourth positive quarter in a row.</p>\n<p>The Nasdaq has been the relative underperformer as technology stocks are especially sensitive to rising rates because they depend on borrowing money cheaply to invest in their future growth. For March, the tech-heavy benchmark is down 1.1%, on pace to break a four-month winning streak. For the quarter, it's up 1.2%.</p>\n<p>The major averages were pressured Tuesday by rising interest rates, as the U.S. 10-year Treasury yieldnotched a 14-month highof 1.77%. Bond yields have been on the rise this year amid a strong Covid-19 vaccine rollout and expectations of a broad economic recovery. The benchmark rate last traded flat at 1.73%.</p>\n<p>Private payrolls in March expanded at the fastest pace since September 2020 with companies adding 517,000 workers for the month, according to a report Wednesday from payroll processing firm ADP. It was a healthy spike from the 176,000 in February though just below the 525,000 Dow Jones estimate.</p>\n<p>Investors await the key March jobs report on Friday to assess the state of the labor-market recovery. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.</p>\n<p>The stock market is closed for the Good Friday holiday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113634063","content_text":"(March 31) U.S. stock futures were modestly higher early Wednesday as investors weighed the potential impact from President Joe Biden’s infrastructure spending plan.\nFutures tied to the Dow Jones Industrial Average were flat. S&P 500 futures rose 0.2% while Nasdaq 100 futures climbed 0.7%.\nBiden will unveila more than $2 trillion packagein infrastructure spending on Wednesday. The plan would raise the corporate tax rate to 28% to fund it, an administration official told reporters Tuesday night. The White House said the tax hike, combined with measures designed to stop offshoring of profits, would fund the infrastructure plan within 15 years.\n\"Economic stimulus is no longer 100% virtuous in the eyes of the market,\" Tom Essaye, founder of Sevens Report, said in a note. \"That's because it will bring with it 1) Higher yields, 2) Rising inflation expectations and 3) Erosion of the idea that the Fed will be on hold for the entirety of 2021. Additionally, all this stimulus is being used to offset and usher in tax increases on individuals, corporations and investments.\"\nWednesday marks the end of March as well as the end of the quarter. Investors are bracing for volatile trading as pension funds and other big investors rebalance their portfolios.\nThe Dow and the S&P 500 are up 6.9% and 3.9%, respectively, month to date, on pace for their fourth positive month in five. For the quarter, the blue-chip Dow and the S&P 500 have risen 8% and 5.4%, respectively, on track for their fourth positive quarter in a row.\nThe Nasdaq has been the relative underperformer as technology stocks are especially sensitive to rising rates because they depend on borrowing money cheaply to invest in their future growth. For March, the tech-heavy benchmark is down 1.1%, on pace to break a four-month winning streak. For the quarter, it's up 1.2%.\nThe major averages were pressured Tuesday by rising interest rates, as the U.S. 10-year Treasury yieldnotched a 14-month highof 1.77%. Bond yields have been on the rise this year amid a strong Covid-19 vaccine rollout and expectations of a broad economic recovery. The benchmark rate last traded flat at 1.73%.\nPrivate payrolls in March expanded at the fastest pace since September 2020 with companies adding 517,000 workers for the month, according to a report Wednesday from payroll processing firm ADP. It was a healthy spike from the 176,000 in February though just below the 525,000 Dow Jones estimate.\nInvestors await the key March jobs report on Friday to assess the state of the labor-market recovery. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones.\nThe stock market is closed for the Good Friday holiday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350018172,"gmtCreate":1616137096596,"gmtModify":1704791403644,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great Info ?","listText":"Great Info ?","text":"Great Info ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350018172","repostId":"1138262460","repostType":4,"repost":{"id":"1138262460","kind":"news","pubTimestamp":1616124732,"share":"https://ttm.financial/m/news/1138262460?lang=&edition=fundamental","pubTime":"2021-03-19 11:32","market":"us","language":"en","title":"Value stocks are so in favor they’ve become momentum stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1138262460","media":"MarketWatch","summary":"As investors continue to rotate their exposure into value sectors, stocks in that corner of the mark","content":"<p>As investors continue to&nbsp;rotate their exposure into value sectors, stocks in that corner of the market starting to take on characteristics of the momentum factor, an uncommon combination that bodes well for investors, said analysts at Alliance Bernstein in a research note out Wednesday.</p><p>“This is the holy grail of quant and Value investing!” the Bernstein analysts wrote.</p><p>Many investing models, they note, have been “built to overweight stocks where there is agreement between Value and Momentum – i.e. to overweight stocks which are cheap but which also have earnings momentum and/or price momentum. It was a very successful combination.”</p><p>Investors are currently in the midst of a rotation into stocks seen as offering value in terms of earnings or sales growth as the economy recovers from the coronavirus pandemic rotation and are paring exposure to stocks that rose sharply as they benefited from the work-from-home trend in the past year.</p><p>“It is being driven by the re-opening trade, and improving macro outlook, and is directly linked to continuously increasing nominal yields, a steepening yield curve and increasing inflation expectations. We are tactically long Value and think there is further to go,” the Alliance Bernstein analysts wrote.</p><p>Sectors that are benefitting now – that is, screening as both value and momentum – include autos, banks, energy, and materials. &nbsp;The energy, materials and financials sectors, as well as consumer discretionary, are the sectors with the largest increases in earnings estimates over the past six months. Share price performance is being driven by these earnings upgrades.</p><p>Specific stocks which fit the criteria as screening for both value and momentum — meaning they’re in the cheapest quintile for both Price to Book and 12-month Price Momentum — include Ford Motor Co.,PulteGroup,Baker Hughes Co.,Dupont de Nemours,and a host of financials, including KeyCorp,Fifth Third Bancorp,Regions Financial&nbsp;and Ally Financial Inc.</p><p>The Bernstein analysts note that the backdrop for this value rotation “is very different to any period in history. We are in a very different policy environment and possibly are at the start of a much bigger change in the inflation regime.”</p><p>Still, it’s worth drawing comparisons and distinctions between earlier value rotations, they add. The current one is the largest since 2009, which served as a rebound from the 2008 financial crisis.</p>","source":"market_watch","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>Value stocks are so in favor they’ve become momentum stocks</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\">\nValue stocks are so in favor they’ve become momentum stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/value-stocks-are-so-in-favor-theyve-become-momentum-stocks-11616084864?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As investors continue to rotate their exposure into value sectors, stocks in that corner of the market starting to take on characteristics of the momentum factor, an uncommon combination that bodes ...</p>\n\n<a href=\"https://www.marketwatch.com/story/value-stocks-are-so-in-favor-theyve-become-momentum-stocks-11616084864?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/value-stocks-are-so-in-favor-theyve-become-momentum-stocks-11616084864?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1138262460","content_text":"As investors continue to rotate their exposure into value sectors, stocks in that corner of the market starting to take on characteristics of the momentum factor, an uncommon combination that bodes well for investors, said analysts at Alliance Bernstein in a research note out Wednesday.“This is the holy grail of quant and Value investing!” the Bernstein analysts wrote.Many investing models, they note, have been “built to overweight stocks where there is agreement between Value and Momentum – i.e. to overweight stocks which are cheap but which also have earnings momentum and/or price momentum. It was a very successful combination.”Investors are currently in the midst of a rotation into stocks seen as offering value in terms of earnings or sales growth as the economy recovers from the coronavirus pandemic rotation and are paring exposure to stocks that rose sharply as they benefited from the work-from-home trend in the past year.“It is being driven by the re-opening trade, and improving macro outlook, and is directly linked to continuously increasing nominal yields, a steepening yield curve and increasing inflation expectations. We are tactically long Value and think there is further to go,” the Alliance Bernstein analysts wrote.Sectors that are benefitting now – that is, screening as both value and momentum – include autos, banks, energy, and materials.  The energy, materials and financials sectors, as well as consumer discretionary, are the sectors with the largest increases in earnings estimates over the past six months. Share price performance is being driven by these earnings upgrades.Specific stocks which fit the criteria as screening for both value and momentum — meaning they’re in the cheapest quintile for both Price to Book and 12-month Price Momentum — include Ford Motor Co.,PulteGroup,Baker Hughes Co.,Dupont de Nemours,and a host of financials, including KeyCorp,Fifth Third Bancorp,Regions Financial and Ally Financial Inc.The Bernstein analysts note that the backdrop for this value rotation “is very different to any period in history. We are in a very different policy environment and possibly are at the start of a much bigger change in the inflation regime.”Still, it’s worth drawing comparisons and distinctions between earlier value rotations, they add. The current one is the largest since 2009, which served as a rebound from the 2008 financial crisis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349522367,"gmtCreate":1617627653559,"gmtModify":1704701037019,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Positive News Ahead!&nbsp;","listText":"Positive News Ahead!&nbsp;","text":"Positive News Ahead!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349522367","repostId":"1130269034","repostType":4,"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349281133,"gmtCreate":1617615759022,"gmtModify":1704700868335,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349281133","repostId":"1103962313","repostType":4,"repost":{"id":"1103962313","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617613431,"share":"https://ttm.financial/m/news/1103962313?lang=&edition=fundamental","pubTime":"2021-04-05 17:03","market":"us","language":"en","title":"Tesla shares surged 6.5% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1103962313","media":"Tiger Newspress","summary":"Tesla shares surged 6.5% to $704.4 in premarket trading.Tesla delivered more than expected in the fi","content":"<p>Tesla shares surged 6.5%&nbsp;to&nbsp;$704.4 in premarket trading.</p><p>Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.</p><p><img src=\"https://static.tigerbbs.com/0177d428b3156542cecf3b3dabde867e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.</p><p>Following the quarterly production and delivery numbers, Wedbush analyst&nbsp;Daniel Ives&nbsp;upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares surged 6.5% in premarket 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\">\nTesla shares surged 6.5% in premarket 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\">2021-04-05 17:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla shares surged 6.5%&nbsp;to&nbsp;$704.4 in premarket trading.</p><p>Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.</p><p><img src=\"https://static.tigerbbs.com/0177d428b3156542cecf3b3dabde867e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.</p><p>Following the quarterly production and delivery numbers, Wedbush analyst&nbsp;Daniel Ives&nbsp;upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103962313","content_text":"Tesla shares surged 6.5% to $704.4 in premarket trading.Tesla delivered more than expected in the first quarter, and several investment banks raised their target prices.Tesla announced that it shipped 184,800 electric vehicles in 1Q, which exceeded the previous record of 180,570 units achieved in the fourth quarter of 2020. Moreover, 1Q vehicle shipments came in well above analysts’ expectations of 177,822 units.Following the quarterly production and delivery numbers, Wedbush analyst Daniel Ives upgraded the stock to Buy from Hold and raised the price target to $1,000 (51.1% upside potential) from $950.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357788595,"gmtCreate":1617299633517,"gmtModify":1704698585575,"author":{"id":"3578228816325247","authorId":"3578228816325247","name":"财富小吴","avatar":"https://static.tigerbbs.com/a9f284324790d0c3cf5b131d0d4baf96","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578228816325247","authorIdStr":"3578228816325247"},"themes":[],"htmlText":"Pinduoduo&nbsp;up and away","listText":"Pinduoduo&nbsp;up and away","text":"Pinduoduo up and away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357788595","repostId":"1124610666","repostType":4,"repost":{"id":"1124610666","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617284651,"share":"https://ttm.financial/m/news/1124610666?lang=&edition=fundamental","pubTime":"2021-04-01 21:44","market":"us","language":"en","title":"Pinduoduo rose nearly 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1124610666","media":"Tiger Newspress","summary":"(April 1) Analysts Are Much More Bullish On Pinduoduo Inc. Revenues. The analysts have sharply incre","content":"<p>(April 1)&nbsp;Analysts Are Much More Bullish On Pinduoduo Inc. Revenues.&nbsp;</p><p>The analysts have sharply increased their revenue numbers, with a view that Pinduoduo will make substantially more sales than they'd previously expected.</p><p>Following the upgrade, the current consensus from Pinduoduo's 34 analysts is for revenues of CN¥102b in 2021 which - if met - would reflect a huge 72% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing CN¥81b of revenue in 2021. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.</p><p>In addition,&nbsp;Cathy Wood's Ark Bought Pinduoduo On Wednesday.<img src=\"https://static.tigerbbs.com/93f1d84290093c73293528081014a908\" tg-width=\"662\" tg-height=\"444\" referrerpolicy=\"no-referrer\">Cathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm's ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 15 stocks that the hedge fund bought and sold on Wednesday.</p><p>Trades For<b>Ark Fintech Innovation ETF</b>(NYSE:ARKF):</p><p><b>JD.com</b>(NASDAQ:JD): Bought 141,876 shares of the Chinese online e-commerce company, representing about 0.3% of the ETF.</p><p>JD.com stock closed 1.60% higher at $84.33 on Wednesday. It has a 52-week high of $108.29 and low of $39.26.</p><p><b>Pinduoduo Inc</b>(NASDAQ:PDD): Bought 57,877 shares of the agriculture-focused technology platform in China, representing about 0.196% of the ETF.</p><p>Pinduoduo stock closed 1.15% lower at $133.88 on Wednesday and was further up 0.46% in the after-hours. It has a 52-week high of $212.6 and low of $33.90.</p><p><b>Sea Ltd</b>(NYSE:SE): Bought 20,09 shares of the internet and mobile platform company, representing about 0.11% of the ETF.</p><p>Sea shares closed 4.14% higher at $223.23 on Wednesday. It has a 52-week high of $285 and low of $40.41.</p><p><b>Shopify Inc</b>(NYSE:SHOP): Bought 18,184 shares of the Canadian e-commerce company, representing about 0.5059% of the ETF.</p><p>Shopify shares closed 5.5% higher at $1106.50 on Wednesday. It has a 52-week high of $1499.75 and low of $334.55.</p><p><b>PayPal Holdings Inc</b>(NASDAQ:PYPL): Sold 161,846 shares of the online payment company, representing about 0.99% of the ETF.</p><p>PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.</p><p><b>Lending Tree Inc</b>(NASDAQ:TREE</p><p>Lending stock closed 3.34% higher at $213 on Wednesday. It has a 52-week high of $372.64 and low of $135.7.</p><p>Trades For<b>Ark Genomic Revolution ETF</b>(NYSE:ARKG):</p><p><b>908 Devices Inc</b>(NASDAQ:MASS): Bought 10,200 shares of the purpose-built handheld and devices for chemical and biomolecular analysis company, representing about 0.050% of the ETF.</p><p>908 Devices stock closed 8.11% higher at $48.50 on Wednesday. It has a 52-week high of $79.60 and low of $38.88.</p><p><b>Butterfly Network Inc</b>(NYSE:BFLY): Bought 621,228 shares of the medical imaging devices company, representing about 0.1108% of the ETF.</p><p>Butterfly shares closed 3.11% lower at $16.83 on Wednesday and were up 3.27% in the after-hours. It has a 52-week high of $29.13 and low of $9.34.</p><p><b>Adaptive Biotechnology Corp</b>(NASDAQ:ADPT): Bought 700 shares of the life sciences company, representing about 0.0003% of the ETF.</p><p>Adaptive shares closed 7.13% higher at $40.26 on Wednesday and were up 0.35% in the after-hours. It has a 52-week high of $71.25 and low of $23.68.</p><p><b>Accolade Inc</b>(NASDAQ:ACCD): Bought 32,667 shares of the healthcare tech company, representing about 0.0157% of the ETF.</p><p>Accolade stock closed 2% higher at $45.37 on Wednesday. It has a 52-week high of $65.25 and low of $28.68.</p><p><b>Phreesia Inc</b>(NYSE:PHR): Sold 99,100 shares of the healthcare software services company, representing about 0.054% of the ETF.</p><p>Phreesia shares closed 0.12% lower at $52.10 on Wednesday. It has a 52-week high of $81.59 and low of $17.27.</p><p><b>Syros Pharmaceuticals Co</b>(NASDAQ:SYRS): Sold 102,526 shares of the biopharmaceutical company that focuses on the development of treatments for cancer and monogenic diseases, representing about 0.0082% of the ETF.</p><p>Syros stock closed 3.24% higher at $7.48 on Wednesday. It has a 52-week high of $15.65 and low of $4.88.</p><p>Trades For<b>Ark Innovation ETF</b>(NYSE:ARKK)</p><p><b>Fate Therapeutics Inc</b>(NASDAQ:FATE): Bought 2,660 shares of the cancer treatment development company, representing about 0.0009% of the ETF.</p><p>Fate shares closed 11.28% higher at $82.45 on Wednesday. It has a 52-week high of $121.16 and low of $19.80.</p><p><b>PayPal Holdings Inc</b>(NASDAQ:PYPL): Sold 66,500 shares of the online payment company, representing about 0.0725% of the ETF.</p><p>PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.</p><p>Trades For<b>ARK Next Generation Internet ETF</b>(NYSE:ARKW):</p><p><b>Agora Inc</b>(NASDAQ:API): Sold 101,999 shares of the software company, representing about 0.075% of the ETF.</p><p>Agora shares closed 0.67% lower at $50.27 on Wednesday. It has a 52-week high of $114.96 and low of $33.60.</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>Pinduoduo rose nearly 9%</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\">\nPinduoduo rose nearly 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-01 21:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(April 1)&nbsp;Analysts Are Much More Bullish On Pinduoduo Inc. Revenues.&nbsp;</p><p>The analysts have sharply increased their revenue numbers, with a view that Pinduoduo will make substantially more sales than they'd previously expected.</p><p>Following the upgrade, the current consensus from Pinduoduo's 34 analysts is for revenues of CN¥102b in 2021 which - if met - would reflect a huge 72% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing CN¥81b of revenue in 2021. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.</p><p>In addition,&nbsp;Cathy Wood's Ark Bought Pinduoduo On Wednesday.<img src=\"https://static.tigerbbs.com/93f1d84290093c73293528081014a908\" tg-width=\"662\" tg-height=\"444\" referrerpolicy=\"no-referrer\">Cathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm's ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 15 stocks that the hedge fund bought and sold on Wednesday.</p><p>Trades For<b>Ark Fintech Innovation ETF</b>(NYSE:ARKF):</p><p><b>JD.com</b>(NASDAQ:JD): Bought 141,876 shares of the Chinese online e-commerce company, representing about 0.3% of the ETF.</p><p>JD.com stock closed 1.60% higher at $84.33 on Wednesday. It has a 52-week high of $108.29 and low of $39.26.</p><p><b>Pinduoduo Inc</b>(NASDAQ:PDD): Bought 57,877 shares of the agriculture-focused technology platform in China, representing about 0.196% of the ETF.</p><p>Pinduoduo stock closed 1.15% lower at $133.88 on Wednesday and was further up 0.46% in the after-hours. It has a 52-week high of $212.6 and low of $33.90.</p><p><b>Sea Ltd</b>(NYSE:SE): Bought 20,09 shares of the internet and mobile platform company, representing about 0.11% of the ETF.</p><p>Sea shares closed 4.14% higher at $223.23 on Wednesday. It has a 52-week high of $285 and low of $40.41.</p><p><b>Shopify Inc</b>(NYSE:SHOP): Bought 18,184 shares of the Canadian e-commerce company, representing about 0.5059% of the ETF.</p><p>Shopify shares closed 5.5% higher at $1106.50 on Wednesday. It has a 52-week high of $1499.75 and low of $334.55.</p><p><b>PayPal Holdings Inc</b>(NASDAQ:PYPL): Sold 161,846 shares of the online payment company, representing about 0.99% of the ETF.</p><p>PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.</p><p><b>Lending Tree Inc</b>(NASDAQ:TREE</p><p>Lending stock closed 3.34% higher at $213 on Wednesday. It has a 52-week high of $372.64 and low of $135.7.</p><p>Trades For<b>Ark Genomic Revolution ETF</b>(NYSE:ARKG):</p><p><b>908 Devices Inc</b>(NASDAQ:MASS): Bought 10,200 shares of the purpose-built handheld and devices for chemical and biomolecular analysis company, representing about 0.050% of the ETF.</p><p>908 Devices stock closed 8.11% higher at $48.50 on Wednesday. It has a 52-week high of $79.60 and low of $38.88.</p><p><b>Butterfly Network Inc</b>(NYSE:BFLY): Bought 621,228 shares of the medical imaging devices company, representing about 0.1108% of the ETF.</p><p>Butterfly shares closed 3.11% lower at $16.83 on Wednesday and were up 3.27% in the after-hours. It has a 52-week high of $29.13 and low of $9.34.</p><p><b>Adaptive Biotechnology Corp</b>(NASDAQ:ADPT): Bought 700 shares of the life sciences company, representing about 0.0003% of the ETF.</p><p>Adaptive shares closed 7.13% higher at $40.26 on Wednesday and were up 0.35% in the after-hours. It has a 52-week high of $71.25 and low of $23.68.</p><p><b>Accolade Inc</b>(NASDAQ:ACCD): Bought 32,667 shares of the healthcare tech company, representing about 0.0157% of the ETF.</p><p>Accolade stock closed 2% higher at $45.37 on Wednesday. It has a 52-week high of $65.25 and low of $28.68.</p><p><b>Phreesia Inc</b>(NYSE:PHR): Sold 99,100 shares of the healthcare software services company, representing about 0.054% of the ETF.</p><p>Phreesia shares closed 0.12% lower at $52.10 on Wednesday. It has a 52-week high of $81.59 and low of $17.27.</p><p><b>Syros Pharmaceuticals Co</b>(NASDAQ:SYRS): Sold 102,526 shares of the biopharmaceutical company that focuses on the development of treatments for cancer and monogenic diseases, representing about 0.0082% of the ETF.</p><p>Syros stock closed 3.24% higher at $7.48 on Wednesday. It has a 52-week high of $15.65 and low of $4.88.</p><p>Trades For<b>Ark Innovation ETF</b>(NYSE:ARKK)</p><p><b>Fate Therapeutics Inc</b>(NASDAQ:FATE): Bought 2,660 shares of the cancer treatment development company, representing about 0.0009% of the ETF.</p><p>Fate shares closed 11.28% higher at $82.45 on Wednesday. It has a 52-week high of $121.16 and low of $19.80.</p><p><b>PayPal Holdings Inc</b>(NASDAQ:PYPL): Sold 66,500 shares of the online payment company, representing about 0.0725% of the ETF.</p><p>PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.</p><p>Trades For<b>ARK Next Generation Internet ETF</b>(NYSE:ARKW):</p><p><b>Agora Inc</b>(NASDAQ:API): Sold 101,999 shares of the software company, representing about 0.075% of the ETF.</p><p>Agora shares closed 0.67% lower at $50.27 on Wednesday. It has a 52-week high of $114.96 and low of $33.60.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124610666","content_text":"(April 1) Analysts Are Much More Bullish On Pinduoduo Inc. Revenues. The analysts have sharply increased their revenue numbers, with a view that Pinduoduo will make substantially more sales than they'd previously expected.Following the upgrade, the current consensus from Pinduoduo's 34 analysts is for revenues of CN¥102b in 2021 which - if met - would reflect a huge 72% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing CN¥81b of revenue in 2021. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.In addition, Cathy Wood's Ark Bought Pinduoduo On Wednesday.Cathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm's ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 15 stocks that the hedge fund bought and sold on Wednesday.Trades ForArk Fintech Innovation ETF(NYSE:ARKF):JD.com(NASDAQ:JD): Bought 141,876 shares of the Chinese online e-commerce company, representing about 0.3% of the ETF.JD.com stock closed 1.60% higher at $84.33 on Wednesday. It has a 52-week high of $108.29 and low of $39.26.Pinduoduo Inc(NASDAQ:PDD): Bought 57,877 shares of the agriculture-focused technology platform in China, representing about 0.196% of the ETF.Pinduoduo stock closed 1.15% lower at $133.88 on Wednesday and was further up 0.46% in the after-hours. It has a 52-week high of $212.6 and low of $33.90.Sea Ltd(NYSE:SE): Bought 20,09 shares of the internet and mobile platform company, representing about 0.11% of the ETF.Sea shares closed 4.14% higher at $223.23 on Wednesday. It has a 52-week high of $285 and low of $40.41.Shopify Inc(NYSE:SHOP): Bought 18,184 shares of the Canadian e-commerce company, representing about 0.5059% of the ETF.Shopify shares closed 5.5% higher at $1106.50 on Wednesday. It has a 52-week high of $1499.75 and low of $334.55.PayPal Holdings Inc(NASDAQ:PYPL): Sold 161,846 shares of the online payment company, representing about 0.99% of the ETF.PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.Lending Tree Inc(NASDAQ:TREELending stock closed 3.34% higher at $213 on Wednesday. It has a 52-week high of $372.64 and low of $135.7.Trades ForArk Genomic Revolution ETF(NYSE:ARKG):908 Devices Inc(NASDAQ:MASS): Bought 10,200 shares of the purpose-built handheld and devices for chemical and biomolecular analysis company, representing about 0.050% of the ETF.908 Devices stock closed 8.11% higher at $48.50 on Wednesday. It has a 52-week high of $79.60 and low of $38.88.Butterfly Network Inc(NYSE:BFLY): Bought 621,228 shares of the medical imaging devices company, representing about 0.1108% of the ETF.Butterfly shares closed 3.11% lower at $16.83 on Wednesday and were up 3.27% in the after-hours. It has a 52-week high of $29.13 and low of $9.34.Adaptive Biotechnology Corp(NASDAQ:ADPT): Bought 700 shares of the life sciences company, representing about 0.0003% of the ETF.Adaptive shares closed 7.13% higher at $40.26 on Wednesday and were up 0.35% in the after-hours. It has a 52-week high of $71.25 and low of $23.68.Accolade Inc(NASDAQ:ACCD): Bought 32,667 shares of the healthcare tech company, representing about 0.0157% of the ETF.Accolade stock closed 2% higher at $45.37 on Wednesday. It has a 52-week high of $65.25 and low of $28.68.Phreesia Inc(NYSE:PHR): Sold 99,100 shares of the healthcare software services company, representing about 0.054% of the ETF.Phreesia shares closed 0.12% lower at $52.10 on Wednesday. It has a 52-week high of $81.59 and low of $17.27.Syros Pharmaceuticals Co(NASDAQ:SYRS): Sold 102,526 shares of the biopharmaceutical company that focuses on the development of treatments for cancer and monogenic diseases, representing about 0.0082% of the ETF.Syros stock closed 3.24% higher at $7.48 on Wednesday. It has a 52-week high of $15.65 and low of $4.88.Trades ForArk Innovation ETF(NYSE:ARKK)Fate Therapeutics Inc(NASDAQ:FATE): Bought 2,660 shares of the cancer treatment development company, representing about 0.0009% of the ETF.Fate shares closed 11.28% higher at $82.45 on Wednesday. It has a 52-week high of $121.16 and low of $19.80.PayPal Holdings Inc(NASDAQ:PYPL): Sold 66,500 shares of the online payment company, representing about 0.0725% of the ETF.PayPal shares closed 2.66% higher at $242.84 on Wednesday and were up 0.19% in the after-hours. It has a 52-week high of $309.14 and low of $89.8.Trades ForARK Next Generation Internet ETF(NYSE:ARKW):Agora Inc(NASDAQ:API): Sold 101,999 shares of the software company, representing about 0.075% of the ETF.Agora shares closed 0.67% lower at $50.27 on Wednesday. It has a 52-week high of $114.96 and low of $33.60.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}