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2021-05-14

Hmmmm

Jobless Americans in at least 16 states could get a rude awakening

2021-05-16

Latest

Why AMC Entertainment Stock Jumped Again Friday

2021-04-15

Hmmmm

KKR-backed AppLovin raises $2 billion in IPO -source

2021-04-14

Got to buy this stock

Coinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto

2021-05-16

Lastest

What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy

2021-04-05

Nice...

Tesla Q1 2021 Vehicle Production & Deliveries

2021-05-16

Hmmmmmm

Afraid Of Inflation? Four Ways To Protect Your Stocks

2021-04-13

Got to buy the share when is out!!

Can You Make Coin Investing In Coinbase?

07-07

$Alibaba - main 2407(ALBmain)$

2021-05-16

Latest

2021-05-14

He alone like hold the power if Doge gain or drop...Don't really see it as a good thing unless you are a Doge holder..

Elon Musk tweets about Dogecoin, and prices immediately jump

2021-04-15

It will grow!

2021-04-12

Is goin to be a good buy

Coinbase: Highly Overvalued At $100 Billion Valuation

2021-03-23

Great ariticle, would you like to share it?

Apple Car Would Be Welcomed by This Parts Maker Pivoting to EVs

Go to Tiger App to see more news

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Four Ways To Protect Your Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2135069756","media":"Investors","summary":"The scare of inflation is threatening the S&P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio.","content":"<p>The scare of inflation is threatening the S&amp;P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio. And that's if you should worry at all.</p>\n<p>It turns out S&amp;P 500 sectors follow a fairly predictable playbook in times of rising prices. If you're worried about inflation, S&amp;P 500 sectors like energy, materials and real estate provide some safety, analysts say. \"Investors have used the threat of a spike in inflation, and now the confirmation from ... surprise strength in headline and core Consumer Price Index readings, to take profits in stocks,\" said Sam Stovall, strategist at CFRA.</p>\n<p>But knowing the facts goes a long way in dealing with any potential market shocks, including inflation.</p>\n<h3>Know The Reality In Inflation Numbers</h3>\n<p>It's important to understand what inflation numbers are truly telling you before you panic. It seems like many S&amp;P 500 investors calmed down after digging into inflation numbers more closely. The world's most popular index jumped more than 1.2% Thursday, making up the bulk of Wednesday's 2% freak-out sell-off.</p>\n<p>At first glance, inflation numbers looked scary. The 4.2% jump in headline inflation and 3% rise in core inflation was much more than anyone thought. Core inflation hasn't jumped that fast on a year-over-year basis since 2008, Stovall says.</p>\n<p>But a big piece of the rise is due to the 21% jump in annualized used vehicle prices, says Nicholas Colas, co-founder of DataTrek Research. And that jump is due to new vehicle shortages arising from a shortage in semiconductors. Backing out this short-term disruption, headline inflation was a much more normal 3.6%, he says. Meanwhile, the unusual 49.6% jump in April gasoline prices added to the distortion.</p>\n<p>The inflation number \"just doesn't hold up to scrutiny as a warning bell about inflation,\" Colas said.</p>\n<h3>Understand How The S&amp;P 500 Reacts To Inflation</h3>\n<p>Out-of-control inflation is widely feared. But times of lingering 5%-plus annual inflation are rare. Only twice since 1928 has U.S. inflation lingered: 1941 through 1951 and 1969 to 1982, Colas found.</p>\n<p>Were these periods devastating for the S&amp;P 500? Hardly. The S&amp;P 500 jumped 310% from 1941 to 1951, that's 121.1% adjusted for inflation, Colas found. Even in the 1969-to-1982 period, seen as a terrible time for inflation, the S&amp;P 500 actually rose 176%. Yes, that's a loss of 11.6% adjusted for inflation, but it's hardly catastrophic especially for those who enjoyed the 1980s bull.</p>\n<p>Inflation itself doesn't steer the S&amp;P 500. The reason for inflation matters more. Prices rose in the 1940s for \"good reasons\" like an post-war boom, Colas said. But in the 1970s, energy price hikes were largely a tax on the economy.</p>\n<p>\"Markets are volatile because they're not sure which sort of inflation we have at present, or what (if anything) the Federal Reserve may do to bring inflation down,\" Colas said. \"That's enough uncertainty to create the volatility we're seeing, but not enough to say equities will necessarily underperform inflation in the years to come.\"</p>\n<h3>Look To The 1970s For S&amp;P 500 Clues (But Not Gospel)</h3>\n<p>S&amp;P 500 investors like to look back at the 1970s for a playbook for inflation. And it wasn't pretty, but it's not as devastating as many think either. And there were actually places to make big gains.</p>\n<p>During the 1970s, the S&amp;P 500 posted an average monthly loss of 0.3%, Stovall says. But over the entire period, the S&amp;P 500 rose 17.2%. That's just 1.6% annualized, or a fraction of the S&amp;P 500's typical 10% yearly return. S&amp;P sectors, though, hold clues or how markets can shift, Stovall says.</p>\n<p>It turns out even during the \"bad\" inflation of the 1970s, only <a href=\"https://laohu8.com/S/AONE\">one</a> of the 11 S&amp;P 500 sectors fell on an average monthly basis. That sole loser was financials, which lost 0.8% monthly on average during the 1970s.</p>\n<p>So where where the places to be? S&amp;P 50 energy, materials and real estate all posted average monthly gains of 1% or higher during the 1970s, Stovall says. Materials company <b>Nucor</b> gained 2,830% during the 1970s. That's more than any current S&amp;P 500 members did at the time. Meanwhile, energy firms <b>Schlumberger</b> and <b>Baker Hughes</b> jumped 1,032% and 856%, respectively, during the 1970s.</p>\n<table>\n <thead>\n  <tr>\n   <th>Sector</th>\n   <th>Average monthly return during the 1970s</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Energy</td>\n   <td>1.6%</td>\n  </tr>\n  <tr>\n   <td>Materials</td>\n   <td>1.4</td>\n  </tr>\n  <tr>\n   <td>Real Estate</td>\n   <td>1.2</td>\n  </tr>\n  <tr>\n   <td>Communications Services</td>\n   <td>0.9</td>\n  </tr>\n  <tr>\n   <td>Information Technology</td>\n   <td>0.7</td>\n  </tr>\n  <tr>\n   <td>Industrials</td>\n   <td>0.6</td>\n  </tr>\n  <tr>\n   <td>Consumer Discretionary</td>\n   <td>0.3</td>\n  </tr>\n  <tr>\n   <td>Utilities</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Health Care</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Consumer Staples</td>\n   <td>0</td>\n  </tr>\n  <tr>\n   <td>Financials</td>\n   <td>-0.8</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500</td>\n   <td>-0.3</td>\n  </tr>\n </tbody>\n</table>\n<h5>Source: CFRA</h5>\n<h3>Don't Overlook S&amp;P 500 Commodity Strength</h3>\n<p>Digging deeper still, Stovall found robust gains in many commodities markets, even in the inflation-plagued 1970s.</p>\n<p>Gold and precious metals companies in the S&amp;P 500 posted average monthly gains of 3.9% in the 1970s. And aluminum companies rose 2% monthly followed by oil and gas drilling at 1.8%. And to some degree, investors are already nibbling on these areas. The Energy Select Sector SPDR is up 36.7% this year. That's the top run of any S&amp;P 500 sector. Meanwhile, the Materials Select Sector SPDR is up 20% year to date.</p>\n<p>Know, too, simply owning the S&amp;P 500 may not offer great exposure to areas that held up to inflation before. These sectors hold small weights in the S&amp;P 500. Energy holds just a 2.9% weight in the S&amp;P 500. Meanwhile, materials account for 2.9% and real estate 2.5%. ETFs can fill in the gaps.</p>\n<p>ETFs and exchange-traded notes, too, can offer inflation protection. The $60 billion in assets SPDR Gold Trust moves with the price of gold. The $3 billion in assets United States Oil Fund tracks the price of crude oil. And the <a href=\"https://laohu8.com/S/EEME\">iShares</a> TIPS Bond ETF tracks U.S. Treasuries, adjusted for inflation.</p>\n<p>But just know inflation, alone, doesn't determine S&amp;P 500 returns. \"Inflation is just <a href=\"https://laohu8.com/S/AONE.U\">one</a> input into equity prices and returns, and on its own it explains very little about how stocks will do over the longer term,\" Colas says.</p>\n<h3>Top S&amp;P 500 Stocks In The 1970s</h3>\n<table>\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Symbol</th>\n   <th>70's % ch.</th>\n   <th>Stock YTD % ch.</th>\n   <th>Sector</th>\n   <th>Composite Rating</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Nucor</td>\n   <td></td>\n   <td>2,830.3%</td>\n   <td>89.5%</td>\n   <td>Materials</td>\n   <td>99</td>\n  </tr>\n  <tr>\n   <td>Schlumberger</td>\n   <td></td>\n   <td>1,031.7%</td>\n   <td>45.5%</td>\n   <td>Energy</td>\n   <td>72</td>\n  </tr>\n  <tr>\n   <td>Baker Hughes</td>\n   <td></td>\n   <td>856.4%</td>\n   <td>16.8%</td>\n   <td>Energy</td>\n   <td>78</td>\n  </tr>\n  <tr>\n   <td>Archer Daniels Midland</td>\n   <td></td>\n   <td>742.5%</td>\n   <td>33.2%</td>\n   <td>Consumer Staples</td>\n   <td>90</td>\n  </tr>\n  <tr>\n   <td>Teleflex</td>\n   <td></td>\n   <td>597.3%</td>\n   <td>-4.7%</td>\n   <td>Health Care</td>\n   <td>45</td>\n  </tr>\n  <tr>\n   <td>General Dynamics</td>\n   <td></td>\n   <td>445.0%</td>\n   <td>28.5%</td>\n   <td>Industrials</td>\n   <td>65</td>\n  </tr>\n  <tr>\n   <td>Boeing</td>\n   <td></td>\n   <td>440.0%</td>\n   <td>4.0%</td>\n   <td>Industrials</td>\n   <td>35</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/HFC\">HollyFrontier</a></td>\n   <td></td>\n   <td>427.3%</td>\n   <td>31.1%</td>\n   <td>Energy</td>\n   <td>42</td>\n  </tr>\n  <tr>\n   <td>Halliburton</td>\n   <td></td>\n   <td>417.8%</td>\n   <td>18.4%</td>\n   <td>Energy</td>\n   <td>63</td>\n  </tr>\n  <tr>\n   <td>Tyler Technologies</td>\n   <td></td>\n   <td>347.3%</td>\n   <td>-11.3%</td>\n   <td>Information Technology</td>\n   <td>45</td>\n  </tr>\n </tbody>\n</table>\n<h5>Sources: IBD, S&amp;P Global Market Intelligence</h5>","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>Afraid Of Inflation? Four Ways To Protect Your 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\">\nAfraid Of Inflation? Four Ways To Protect Your Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-05-14 22:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The scare of inflation is threatening the S&amp;P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio. And that's if you should worry at all.</p>\n<p>It turns out S&amp;P 500 sectors follow a fairly predictable playbook in times of rising prices. If you're worried about inflation, S&amp;P 500 sectors like energy, materials and real estate provide some safety, analysts say. \"Investors have used the threat of a spike in inflation, and now the confirmation from ... surprise strength in headline and core Consumer Price Index readings, to take profits in stocks,\" said Sam Stovall, strategist at CFRA.</p>\n<p>But knowing the facts goes a long way in dealing with any potential market shocks, including inflation.</p>\n<h3>Know The Reality In Inflation Numbers</h3>\n<p>It's important to understand what inflation numbers are truly telling you before you panic. It seems like many S&amp;P 500 investors calmed down after digging into inflation numbers more closely. The world's most popular index jumped more than 1.2% Thursday, making up the bulk of Wednesday's 2% freak-out sell-off.</p>\n<p>At first glance, inflation numbers looked scary. The 4.2% jump in headline inflation and 3% rise in core inflation was much more than anyone thought. Core inflation hasn't jumped that fast on a year-over-year basis since 2008, Stovall says.</p>\n<p>But a big piece of the rise is due to the 21% jump in annualized used vehicle prices, says Nicholas Colas, co-founder of DataTrek Research. And that jump is due to new vehicle shortages arising from a shortage in semiconductors. Backing out this short-term disruption, headline inflation was a much more normal 3.6%, he says. Meanwhile, the unusual 49.6% jump in April gasoline prices added to the distortion.</p>\n<p>The inflation number \"just doesn't hold up to scrutiny as a warning bell about inflation,\" Colas said.</p>\n<h3>Understand How The S&amp;P 500 Reacts To Inflation</h3>\n<p>Out-of-control inflation is widely feared. But times of lingering 5%-plus annual inflation are rare. Only twice since 1928 has U.S. inflation lingered: 1941 through 1951 and 1969 to 1982, Colas found.</p>\n<p>Were these periods devastating for the S&amp;P 500? Hardly. The S&amp;P 500 jumped 310% from 1941 to 1951, that's 121.1% adjusted for inflation, Colas found. Even in the 1969-to-1982 period, seen as a terrible time for inflation, the S&amp;P 500 actually rose 176%. Yes, that's a loss of 11.6% adjusted for inflation, but it's hardly catastrophic especially for those who enjoyed the 1980s bull.</p>\n<p>Inflation itself doesn't steer the S&amp;P 500. The reason for inflation matters more. Prices rose in the 1940s for \"good reasons\" like an post-war boom, Colas said. But in the 1970s, energy price hikes were largely a tax on the economy.</p>\n<p>\"Markets are volatile because they're not sure which sort of inflation we have at present, or what (if anything) the Federal Reserve may do to bring inflation down,\" Colas said. \"That's enough uncertainty to create the volatility we're seeing, but not enough to say equities will necessarily underperform inflation in the years to come.\"</p>\n<h3>Look To The 1970s For S&amp;P 500 Clues (But Not Gospel)</h3>\n<p>S&amp;P 500 investors like to look back at the 1970s for a playbook for inflation. And it wasn't pretty, but it's not as devastating as many think either. And there were actually places to make big gains.</p>\n<p>During the 1970s, the S&amp;P 500 posted an average monthly loss of 0.3%, Stovall says. But over the entire period, the S&amp;P 500 rose 17.2%. That's just 1.6% annualized, or a fraction of the S&amp;P 500's typical 10% yearly return. S&amp;P sectors, though, hold clues or how markets can shift, Stovall says.</p>\n<p>It turns out even during the \"bad\" inflation of the 1970s, only <a href=\"https://laohu8.com/S/AONE\">one</a> of the 11 S&amp;P 500 sectors fell on an average monthly basis. That sole loser was financials, which lost 0.8% monthly on average during the 1970s.</p>\n<p>So where where the places to be? S&amp;P 50 energy, materials and real estate all posted average monthly gains of 1% or higher during the 1970s, Stovall says. Materials company <b>Nucor</b> gained 2,830% during the 1970s. That's more than any current S&amp;P 500 members did at the time. Meanwhile, energy firms <b>Schlumberger</b> and <b>Baker Hughes</b> jumped 1,032% and 856%, respectively, during the 1970s.</p>\n<table>\n <thead>\n  <tr>\n   <th>Sector</th>\n   <th>Average monthly return during the 1970s</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Energy</td>\n   <td>1.6%</td>\n  </tr>\n  <tr>\n   <td>Materials</td>\n   <td>1.4</td>\n  </tr>\n  <tr>\n   <td>Real Estate</td>\n   <td>1.2</td>\n  </tr>\n  <tr>\n   <td>Communications Services</td>\n   <td>0.9</td>\n  </tr>\n  <tr>\n   <td>Information Technology</td>\n   <td>0.7</td>\n  </tr>\n  <tr>\n   <td>Industrials</td>\n   <td>0.6</td>\n  </tr>\n  <tr>\n   <td>Consumer Discretionary</td>\n   <td>0.3</td>\n  </tr>\n  <tr>\n   <td>Utilities</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Health Care</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Consumer Staples</td>\n   <td>0</td>\n  </tr>\n  <tr>\n   <td>Financials</td>\n   <td>-0.8</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500</td>\n   <td>-0.3</td>\n  </tr>\n </tbody>\n</table>\n<h5>Source: CFRA</h5>\n<h3>Don't Overlook S&amp;P 500 Commodity Strength</h3>\n<p>Digging deeper still, Stovall found robust gains in many commodities markets, even in the inflation-plagued 1970s.</p>\n<p>Gold and precious metals companies in the S&amp;P 500 posted average monthly gains of 3.9% in the 1970s. And aluminum companies rose 2% monthly followed by oil and gas drilling at 1.8%. And to some degree, investors are already nibbling on these areas. The Energy Select Sector SPDR is up 36.7% this year. That's the top run of any S&amp;P 500 sector. Meanwhile, the Materials Select Sector SPDR is up 20% year to date.</p>\n<p>Know, too, simply owning the S&amp;P 500 may not offer great exposure to areas that held up to inflation before. These sectors hold small weights in the S&amp;P 500. Energy holds just a 2.9% weight in the S&amp;P 500. Meanwhile, materials account for 2.9% and real estate 2.5%. ETFs can fill in the gaps.</p>\n<p>ETFs and exchange-traded notes, too, can offer inflation protection. The $60 billion in assets SPDR Gold Trust moves with the price of gold. The $3 billion in assets United States Oil Fund tracks the price of crude oil. And the <a href=\"https://laohu8.com/S/EEME\">iShares</a> TIPS Bond ETF tracks U.S. Treasuries, adjusted for inflation.</p>\n<p>But just know inflation, alone, doesn't determine S&amp;P 500 returns. \"Inflation is just <a href=\"https://laohu8.com/S/AONE.U\">one</a> input into equity prices and returns, and on its own it explains very little about how stocks will do over the longer term,\" Colas says.</p>\n<h3>Top S&amp;P 500 Stocks In The 1970s</h3>\n<table>\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Symbol</th>\n   <th>70's % ch.</th>\n   <th>Stock YTD % ch.</th>\n   <th>Sector</th>\n   <th>Composite Rating</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Nucor</td>\n   <td></td>\n   <td>2,830.3%</td>\n   <td>89.5%</td>\n   <td>Materials</td>\n   <td>99</td>\n  </tr>\n  <tr>\n   <td>Schlumberger</td>\n   <td></td>\n   <td>1,031.7%</td>\n   <td>45.5%</td>\n   <td>Energy</td>\n   <td>72</td>\n  </tr>\n  <tr>\n   <td>Baker Hughes</td>\n   <td></td>\n   <td>856.4%</td>\n   <td>16.8%</td>\n   <td>Energy</td>\n   <td>78</td>\n  </tr>\n  <tr>\n   <td>Archer Daniels Midland</td>\n   <td></td>\n   <td>742.5%</td>\n   <td>33.2%</td>\n   <td>Consumer Staples</td>\n   <td>90</td>\n  </tr>\n  <tr>\n   <td>Teleflex</td>\n   <td></td>\n   <td>597.3%</td>\n   <td>-4.7%</td>\n   <td>Health Care</td>\n   <td>45</td>\n  </tr>\n  <tr>\n   <td>General Dynamics</td>\n   <td></td>\n   <td>445.0%</td>\n   <td>28.5%</td>\n   <td>Industrials</td>\n   <td>65</td>\n  </tr>\n  <tr>\n   <td>Boeing</td>\n   <td></td>\n   <td>440.0%</td>\n   <td>4.0%</td>\n   <td>Industrials</td>\n   <td>35</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/HFC\">HollyFrontier</a></td>\n   <td></td>\n   <td>427.3%</td>\n   <td>31.1%</td>\n   <td>Energy</td>\n   <td>42</td>\n  </tr>\n  <tr>\n   <td>Halliburton</td>\n   <td></td>\n   <td>417.8%</td>\n   <td>18.4%</td>\n   <td>Energy</td>\n   <td>63</td>\n  </tr>\n  <tr>\n   <td>Tyler Technologies</td>\n   <td></td>\n   <td>347.3%</td>\n   <td>-11.3%</td>\n   <td>Information Technology</td>\n   <td>45</td>\n  </tr>\n </tbody>\n</table>\n<h5>Sources: IBD, S&amp;P Global Market Intelligence</h5>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPY":"标普500ETF","OEX":"标普100"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135069756","content_text":"The scare of inflation is threatening the S&P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio. And that's if you should worry at all.\nIt turns out S&P 500 sectors follow a fairly predictable playbook in times of rising prices. If you're worried about inflation, S&P 500 sectors like energy, materials and real estate provide some safety, analysts say. \"Investors have used the threat of a spike in inflation, and now the confirmation from ... surprise strength in headline and core Consumer Price Index readings, to take profits in stocks,\" said Sam Stovall, strategist at CFRA.\nBut knowing the facts goes a long way in dealing with any potential market shocks, including inflation.\nKnow The Reality In Inflation Numbers\nIt's important to understand what inflation numbers are truly telling you before you panic. It seems like many S&P 500 investors calmed down after digging into inflation numbers more closely. The world's most popular index jumped more than 1.2% Thursday, making up the bulk of Wednesday's 2% freak-out sell-off.\nAt first glance, inflation numbers looked scary. The 4.2% jump in headline inflation and 3% rise in core inflation was much more than anyone thought. Core inflation hasn't jumped that fast on a year-over-year basis since 2008, Stovall says.\nBut a big piece of the rise is due to the 21% jump in annualized used vehicle prices, says Nicholas Colas, co-founder of DataTrek Research. And that jump is due to new vehicle shortages arising from a shortage in semiconductors. Backing out this short-term disruption, headline inflation was a much more normal 3.6%, he says. Meanwhile, the unusual 49.6% jump in April gasoline prices added to the distortion.\nThe inflation number \"just doesn't hold up to scrutiny as a warning bell about inflation,\" Colas said.\nUnderstand How The S&P 500 Reacts To Inflation\nOut-of-control inflation is widely feared. But times of lingering 5%-plus annual inflation are rare. Only twice since 1928 has U.S. inflation lingered: 1941 through 1951 and 1969 to 1982, Colas found.\nWere these periods devastating for the S&P 500? Hardly. The S&P 500 jumped 310% from 1941 to 1951, that's 121.1% adjusted for inflation, Colas found. Even in the 1969-to-1982 period, seen as a terrible time for inflation, the S&P 500 actually rose 176%. Yes, that's a loss of 11.6% adjusted for inflation, but it's hardly catastrophic especially for those who enjoyed the 1980s bull.\nInflation itself doesn't steer the S&P 500. The reason for inflation matters more. Prices rose in the 1940s for \"good reasons\" like an post-war boom, Colas said. But in the 1970s, energy price hikes were largely a tax on the economy.\n\"Markets are volatile because they're not sure which sort of inflation we have at present, or what (if anything) the Federal Reserve may do to bring inflation down,\" Colas said. \"That's enough uncertainty to create the volatility we're seeing, but not enough to say equities will necessarily underperform inflation in the years to come.\"\nLook To The 1970s For S&P 500 Clues (But Not Gospel)\nS&P 500 investors like to look back at the 1970s for a playbook for inflation. And it wasn't pretty, but it's not as devastating as many think either. And there were actually places to make big gains.\nDuring the 1970s, the S&P 500 posted an average monthly loss of 0.3%, Stovall says. But over the entire period, the S&P 500 rose 17.2%. That's just 1.6% annualized, or a fraction of the S&P 500's typical 10% yearly return. S&P sectors, though, hold clues or how markets can shift, Stovall says.\nIt turns out even during the \"bad\" inflation of the 1970s, only one of the 11 S&P 500 sectors fell on an average monthly basis. That sole loser was financials, which lost 0.8% monthly on average during the 1970s.\nSo where where the places to be? S&P 50 energy, materials and real estate all posted average monthly gains of 1% or higher during the 1970s, Stovall says. Materials company Nucor gained 2,830% during the 1970s. That's more than any current S&P 500 members did at the time. Meanwhile, energy firms Schlumberger and Baker Hughes jumped 1,032% and 856%, respectively, during the 1970s.\n\n\n\nSector\nAverage monthly return during the 1970s\n\n\n\n\nEnergy\n1.6%\n\n\nMaterials\n1.4\n\n\nReal Estate\n1.2\n\n\nCommunications Services\n0.9\n\n\nInformation Technology\n0.7\n\n\nIndustrials\n0.6\n\n\nConsumer Discretionary\n0.3\n\n\nUtilities\n0.1\n\n\nHealth Care\n0.1\n\n\nConsumer Staples\n0\n\n\nFinancials\n-0.8\n\n\nS&P 500\n-0.3\n\n\n\nSource: CFRA\nDon't Overlook S&P 500 Commodity Strength\nDigging deeper still, Stovall found robust gains in many commodities markets, even in the inflation-plagued 1970s.\nGold and precious metals companies in the S&P 500 posted average monthly gains of 3.9% in the 1970s. And aluminum companies rose 2% monthly followed by oil and gas drilling at 1.8%. And to some degree, investors are already nibbling on these areas. The Energy Select Sector SPDR is up 36.7% this year. That's the top run of any S&P 500 sector. Meanwhile, the Materials Select Sector SPDR is up 20% year to date.\nKnow, too, simply owning the S&P 500 may not offer great exposure to areas that held up to inflation before. These sectors hold small weights in the S&P 500. Energy holds just a 2.9% weight in the S&P 500. Meanwhile, materials account for 2.9% and real estate 2.5%. ETFs can fill in the gaps.\nETFs and exchange-traded notes, too, can offer inflation protection. The $60 billion in assets SPDR Gold Trust moves with the price of gold. The $3 billion in assets United States Oil Fund tracks the price of crude oil. And the iShares TIPS Bond ETF tracks U.S. Treasuries, adjusted for inflation.\nBut just know inflation, alone, doesn't determine S&P 500 returns. \"Inflation is just one input into equity prices and returns, and on its own it explains very little about how stocks will do over the longer term,\" Colas says.\nTop S&P 500 Stocks In The 1970s\n\n\n\nCompany\nSymbol\n70's % ch.\nStock YTD % ch.\nSector\nComposite Rating\n\n\n\n\nNucor\n\n2,830.3%\n89.5%\nMaterials\n99\n\n\nSchlumberger\n\n1,031.7%\n45.5%\nEnergy\n72\n\n\nBaker Hughes\n\n856.4%\n16.8%\nEnergy\n78\n\n\nArcher Daniels Midland\n\n742.5%\n33.2%\nConsumer Staples\n90\n\n\nTeleflex\n\n597.3%\n-4.7%\nHealth Care\n45\n\n\nGeneral Dynamics\n\n445.0%\n28.5%\nIndustrials\n65\n\n\nBoeing\n\n440.0%\n4.0%\nIndustrials\n35\n\n\nHollyFrontier\n\n427.3%\n31.1%\nEnergy\n42\n\n\nHalliburton\n\n417.8%\n18.4%\nEnergy\n63\n\n\nTyler Technologies\n\n347.3%\n-11.3%\nInformation Technology\n45\n\n\n\nSources: IBD, S&P Global Market Intelligence","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192033772,"gmtCreate":1621129011696,"gmtModify":1704353081136,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Latest&nbsp;","listText":"Latest&nbsp;","text":"Latest","images":[{"img":"https://static.tigerbbs.com/091f7d8a9b9cb5c90056a1b18e5f15a8","width":"1080","height":"1174"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192033772","isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192033601,"gmtCreate":1621128989503,"gmtModify":1704353080330,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Lastest","listText":"Lastest","text":"Lastest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192033601","repostId":"1173244066","repostType":4,"repost":{"id":"1173244066","pubTimestamp":1621004086,"share":"https://ttm.financial/m/news/1173244066?lang=&edition=fundamental","pubTime":"2021-05-14 22:54","market":"us","language":"en","title":"What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1173244066","media":"CNN","summary":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver ","content":"<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p>\n<p>The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p>\n<p>Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p>\n<p>Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p>\n<p>The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p>\n<p>DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p>\n<p>\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p>\n<p>Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p>\n<p>The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p>\n<p>Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p>\n<p>Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p>\n<p><b>It could get easier to get a credit card without a credit score</b></p>\n<p>For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p>\n<p>Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p>\n<p>The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p>\n<p>Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p>\n<p>\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p>\n<p>The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p>\n<p>Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p>\n<p>The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p>\n<p>\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p>\n<p><b>Target will temporarily stop selling trading cards amid frenzy</b></p>\n<p>Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p>\n<p>The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p>\n<p>\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p>\n<p>The cards will still be available online, the company said.</p>\n<p>Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p>\n<p>Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p>\n<p>Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p>\n<p>\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p>\n<p><b>Up next</b></p>\n<p>Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p>\n<p>Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy</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\">\nWhat Disney, Airbnb and DoorDash results reveal about the post-pandemic economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html\">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","ABNB":"爱彼迎","DASH":"DoorDash, Inc."},"source_url":"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173244066","content_text":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?\nAirbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.\nAirbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.\nThe company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.\nDoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.\n\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.\nDisney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.\nThe company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.\nDown but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.\nWhether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.\nIt could get easier to get a credit card without a credit score\nFor years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.\nTen banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.\nThe push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.\nShould the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.\n\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.\nThe backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.\nBanks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.\nThe business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.\n\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.\nTarget will temporarily stop selling trading cards amid frenzy\nTarget (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.\nThe details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.\n\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"\nThe cards will still be available online, the company said.\nRemember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.\nTarget previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.\nWalmart (WMT), for its part, said it will keep selling cards in stores for now.\n\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.\nUp next\nData on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.\nComing next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.","news_type":1},"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192033054,"gmtCreate":1621128959278,"gmtModify":1704353079523,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Latest&nbsp;","listText":"Latest&nbsp;","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192033054","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","pubTimestamp":1621004581,"share":"https://ttm.financial/m/news/1163454382?lang=&edition=fundamental","pubTime":"2021-05-14 23:03","market":"us","language":"en","title":"Why AMC Entertainment Stock Jumped Again Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1163454382","media":"Motley Fool","summary":"AMC investors have reason for more optimism on the heels of another capital raise.Yesterday's jump came after the company announcedit raised $428 million. First, the Centers for Disease Control and Prevention  issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.This should allow theaters to open back up at full capacity and be a desirable destination for vaccinat","content":"<blockquote>\n <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>\n</blockquote>\n<p><b>What happened</b></p>\n<p>A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p>\n<p><b>So what</b></p>\n<p>Yesterday's jump came after the company announcedit raised $428 million</p>\n<p>First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p>\n<p>This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p>\n<p><b>Now what</b></p>\n<p>Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p>\n<p>Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC Entertainment Stock Jumped Again Friday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC Entertainment Stock Jumped Again Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163454382","content_text":"AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company announcedit raised $428 million\nFirst, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.\nThis should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,Walt Disney(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.\nNow what\nLower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.\nVaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198612254,"gmtCreate":1620955261378,"gmtModify":1704351051751,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"He alone like hold the power if Doge gain or drop...Don't really see it as a good thing unless you are a Doge holder..","listText":"He alone like hold the power if Doge gain or drop...Don't really see it as a good thing unless you are a Doge holder..","text":"He alone like hold the power if Doge gain or drop...Don't really see it as a good thing unless you are a Doge holder..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198612254","repostId":"2135675519","repostType":4,"repost":{"id":"2135675519","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1620953700,"share":"https://ttm.financial/m/news/2135675519?lang=&edition=fundamental","pubTime":"2021-05-14 08:55","market":"us","language":"en","title":"Elon Musk tweets about Dogecoin, and prices immediately jump","url":"https://stock-news.laohu8.com/highlight/detail?id=2135675519","media":"Dow Jones","summary":"'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after haltin","content":"<p>'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after halting bitcoin transactions and sending that cryptocurrency lower</p>\n<p>A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, Dogecoin, could be turned into a suitable replacement.</p>\n<p>\"Working with Doge devs to improve system transaction efficiency,\" Musk tweeted . \"Potentially promising.\"</p>\n<p>Dogecoin prices immediately shot higher, after bitcoin took a large hit in the wake of Wednesday's announcement purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto.</p>\n<p>While bitcoin has been seen as a potential payments option since its inception, Dogecoin was largely conceived as a joke. The crypto has seen a stunning increase, however, since Musk adopted it as a meme and began tweeting about it earlier this year, including strong gains last week before the billionaire's guest-hosting appearance on \"Saturday Night Live.\"</p>\n<p>Immediately after Musk's tweet Thursday, Dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk's announcement of Tesla's move.</p>\n<p>Musk clarified his comments Thursday, tweeting \"I strongly believe in crypto, but it can't drive a massive increase in fossil fuel use, especially coal.\"</p>\n<p>Tesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. Shares closed below Tesla's 200-day moving average Thursday for the first time in more than a year , and have now declined 19% so far in 2021, as the S&amp;P 500 index has gained 9.5%.</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>Elon Musk tweets about Dogecoin, and prices immediately jump</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\">\nElon Musk tweets about Dogecoin, and prices immediately jump\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-14 08:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after halting bitcoin transactions and sending that cryptocurrency lower</p>\n<p>A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, Dogecoin, could be turned into a suitable replacement.</p>\n<p>\"Working with Doge devs to improve system transaction efficiency,\" Musk tweeted . \"Potentially promising.\"</p>\n<p>Dogecoin prices immediately shot higher, after bitcoin took a large hit in the wake of Wednesday's announcement purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto.</p>\n<p>While bitcoin has been seen as a potential payments option since its inception, Dogecoin was largely conceived as a joke. The crypto has seen a stunning increase, however, since Musk adopted it as a meme and began tweeting about it earlier this year, including strong gains last week before the billionaire's guest-hosting appearance on \"Saturday Night Live.\"</p>\n<p>Immediately after Musk's tweet Thursday, Dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk's announcement of Tesla's move.</p>\n<p>Musk clarified his comments Thursday, tweeting \"I strongly believe in crypto, but it can't drive a massive increase in fossil fuel use, especially coal.\"</p>\n<p>Tesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. Shares closed below Tesla's 200-day moving average Thursday for the first time in more than a year , and have now declined 19% so far in 2021, as the S&amp;P 500 index has gained 9.5%.</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":"2135675519","content_text":"'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after halting bitcoin transactions and sending that cryptocurrency lower\nA day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, Dogecoin, could be turned into a suitable replacement.\n\"Working with Doge devs to improve system transaction efficiency,\" Musk tweeted . \"Potentially promising.\"\nDogecoin prices immediately shot higher, after bitcoin took a large hit in the wake of Wednesday's announcement purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto.\nWhile bitcoin has been seen as a potential payments option since its inception, Dogecoin was largely conceived as a joke. The crypto has seen a stunning increase, however, since Musk adopted it as a meme and began tweeting about it earlier this year, including strong gains last week before the billionaire's guest-hosting appearance on \"Saturday Night Live.\"\nImmediately after Musk's tweet Thursday, Dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk's announcement of Tesla's move.\nMusk clarified his comments Thursday, tweeting \"I strongly believe in crypto, but it can't drive a massive increase in fossil fuel use, especially coal.\"\nTesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. Shares closed below Tesla's 200-day moving average Thursday for the first time in more than a year , and have now declined 19% so far in 2021, as the S&P 500 index has gained 9.5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198618236,"gmtCreate":1620955149625,"gmtModify":1704351049308,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198618236","repostId":"2135553676","repostType":4,"repost":{"id":"2135553676","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1620955080,"share":"https://ttm.financial/m/news/2135553676?lang=&edition=fundamental","pubTime":"2021-05-14 09:18","market":"us","language":"en","title":"Jobless Americans in at least 16 states could get a rude awakening","url":"https://stock-news.laohu8.com/highlight/detail?id=2135553676","media":"Dow Jones","summary":"Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,'","content":"<p>Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,' said Stephen Wandner, a senior fellow at the National Academy of Social Insurance</p><p>Pressure is building in some states to pull the plug on enhanced federal unemployment benefits.</p><p>Since the onset of the pandemic, every state has accepted federal unemployment aid that enabled them to distribute benefits to out-of-work people who normally would not qualify for them. States have also been handing out extra federal benefits -- including an additional $600 a week at <a href=\"https://laohu8.com/S/AONE\">one</a> point -- to all unemployed workers on top of their state benefits.</p><p>These enhanced unemployment benefits were set to expire in September, but a growing number of states want to end them sooner in part because of mounting complaints from employers who cannot fill job vacancies because, they say, overly generous federal unemployment benefits are keeping would-be workers at home.</p><p>Last month, the U.S. added some 266,000 jobs -- far below the 1 million jobs economists were forecasting. Meanwhile, there are more than 8 million unfilled positions in the U.S ., according to the Department of Labor's Job Openings and Labor Turnover Survey.</p><p>But initial jobless claims dropped to a pandemic low of 473,000  last week, the DOL reported on Thursday.</p><p>President Joe Biden acknowledged  that \"some employers are having trouble filling jobs,\" when he spoke about the jobs report last week.  But when asked if enhanced unemployment benefits kept some workers from returning to work he said, \"No, nothing measurable.\"</p><p>Pulling the plug on federal unemployment benefit programs, which were originally enacted under the CARES Act in April 2020, when some 23 million Americans were out of work, will encourage more Americans to seek out employment opportunities, some economists and policymakers hold.</p><p>***And employers in the 16 states that are opting out of federal unemployment benefits programs -- Alabama, Arizona, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, North Dakota, Ohio, South Carolina,  South Dakota, Tennessee, Utah and Wyoming -- won't have to raise wages to compete with unemployment benefits that in some cases exceed their state's minimum wage.***</p><p>But some research suggests that doing away with federal unemployment benefits may also have <a href=\"https://laohu8.com/S/AONE.U\">one</a> big unintended consequence -- people could become more frugal with their money.</p><p>When federal benefits were cut to $300 from $600, total spending in 15 Illinois counties declined by 5%</p><p>After federal unemployment benefits were halved from $600 to $300, the total consumer spending levels across 15 counties in Illinois dropped by 5%, according to a paper titled \"The Effect of Fiscal Stimulus: Evidence from COVID-19\"  that was circulated by the National Bureau of Economic Research in August.</p><p>The authors of the paper -- who are professors at the University of Pennsylvania, University of Chicago, Illinois State University, New York University and Ohio State University -- published a revised version of the paper two months ago.</p><p>Researchers compared workers' wages before the pandemic to what they were receiving in unemployment benefits during the pandemic using data provided by the Illinois unemployment insurance system. They used aggregated data from several private companies to estimate debit and credit-card spending.</p><p>If individual spending levels declined by 5% as a result of lowering the benefits to $300 a week, it would hardly be headline-worthy, said Julia Lane, a professor at NYU's Wagner Graduate School of Public Service, and an author of the study.</p><p>But a 5% drop in total spending at the county level is \"quite high,\" she said.</p><p>Consumer spending is the lifeblood of the economy, representing about 70% of all U.S. gross domestic product . If consumer spending dropped by 5% nationwide it would mean a \"massive\" downturn in GDP, Lane told MarketWatch.</p><p>Total consumer spending would likely decline by a smaller percentage across every county in the U.S. once the $300 supplemental unemployment benefit expires for every jobless American in September, Lane said. That's because far more people were unemployed when the study was conducted than right now.</p><p>But \"in addition to losing the vital purchasing power workers have in their local and state economies, they are also being forced further into poverty by losing the ability to support their families, secure housing, food and more,\" said Alexa Tapia, an expert in unemployment benefits at the National Employment Law Project, an advocacy organization focused on workers' rights.</p><p>Of all the government spending programs, unemployment benefits have one of the biggest 'bangs for their buck'</p><p>For every dollar spent on unemployment insurance, there's a multiplier effect leading to a 1.64 increase in GDP , according to a 2008 study published by Mark Zandi, chief economist at Moody's Analytics.</p><p>Meanwhile, for every dollar spent on infrastructure projects such as President Joe Biden's $2.3 trillion American Jobs Plan, U.S. GDP could be expected to increase by a multiple of 1.59.</p><p>***Without the extra $300 a week benefit, jobless Americans in Alabama, Arizona, Arkansas, Georgia, Mississippi, Missouri, South Carolina and Tennessee, where average state weekly benefits are below $300, will see their total benefits shrink by more than half.***</p><p>Gig workers, independent contractors and self-employed workers across all of the 16 states could stop receiving unemployment benefits altogether.</p><p>These workers \"will be desperate to keep body and soul together,\" said Stephen Wandner, a senior fellow at the National Academy of Social Insurance. \"There will be a behavioral change,\" he added, predicting that more people will apply to jobs once they're cut off from unemployment benefits.</p><p>\"We don't know how big a change there will be,\" Wandner, a former actuary at the U.S. Labor Department, said, adding that \"the states that are doing this will be disappointed\" because it won't incentivize as many people as they'd probably like to go back to work.</p><p>More than 4 million Americans aren't working because they're afraid of contracting coronavirus, according to data  from the latest U.S. Census Bureau's Household Pulse Survey that was published on April 7. Another 8 million people indicated that they couldn't work because they were caring for a child or elderly person.</p><p>But some business leaders say enhanced unemployment benefits are keeping people from applying for jobs.</p><p>For example, in Mississippi, the state with the lowest cost of living , where the maximum weekly unemployment benefit is $235, the extra $300 a week in federal benefits \"is significant,\" said Douglas Holmes, president of UWC Strategic Services on Unemployment &amp; Workers' Compensation, a trade group representing the business community on unemployment insurance matters.</p><p>In fact, it's such a significant amount for Mississippians that it will likely impact \"their willingness to go back to work on top of concerns about COVID\" after June 12, when Mississippians will no longer receive federal benefits under an order the state's Republican Gov. Tate Reeves signed earlier this week , Holmes told MarketWatch.</p><p>\"There are certain circumstances in which the additional $300 a week could be the thing that a rational person looks at and says, 'I'm not going to take that job because I can make enough on unemployment to wait for the next better job,'\" Holmes said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jobless Americans in at least 16 states could get a rude awakening</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\">\nJobless Americans in at least 16 states could get a rude awakening\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-14 09:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,' said Stephen Wandner, a senior fellow at the National Academy of Social Insurance</p><p>Pressure is building in some states to pull the plug on enhanced federal unemployment benefits.</p><p>Since the onset of the pandemic, every state has accepted federal unemployment aid that enabled them to distribute benefits to out-of-work people who normally would not qualify for them. States have also been handing out extra federal benefits -- including an additional $600 a week at <a href=\"https://laohu8.com/S/AONE\">one</a> point -- to all unemployed workers on top of their state benefits.</p><p>These enhanced unemployment benefits were set to expire in September, but a growing number of states want to end them sooner in part because of mounting complaints from employers who cannot fill job vacancies because, they say, overly generous federal unemployment benefits are keeping would-be workers at home.</p><p>Last month, the U.S. added some 266,000 jobs -- far below the 1 million jobs economists were forecasting. Meanwhile, there are more than 8 million unfilled positions in the U.S ., according to the Department of Labor's Job Openings and Labor Turnover Survey.</p><p>But initial jobless claims dropped to a pandemic low of 473,000  last week, the DOL reported on Thursday.</p><p>President Joe Biden acknowledged  that \"some employers are having trouble filling jobs,\" when he spoke about the jobs report last week.  But when asked if enhanced unemployment benefits kept some workers from returning to work he said, \"No, nothing measurable.\"</p><p>Pulling the plug on federal unemployment benefit programs, which were originally enacted under the CARES Act in April 2020, when some 23 million Americans were out of work, will encourage more Americans to seek out employment opportunities, some economists and policymakers hold.</p><p>***And employers in the 16 states that are opting out of federal unemployment benefits programs -- Alabama, Arizona, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, North Dakota, Ohio, South Carolina,  South Dakota, Tennessee, Utah and Wyoming -- won't have to raise wages to compete with unemployment benefits that in some cases exceed their state's minimum wage.***</p><p>But some research suggests that doing away with federal unemployment benefits may also have <a href=\"https://laohu8.com/S/AONE.U\">one</a> big unintended consequence -- people could become more frugal with their money.</p><p>When federal benefits were cut to $300 from $600, total spending in 15 Illinois counties declined by 5%</p><p>After federal unemployment benefits were halved from $600 to $300, the total consumer spending levels across 15 counties in Illinois dropped by 5%, according to a paper titled \"The Effect of Fiscal Stimulus: Evidence from COVID-19\"  that was circulated by the National Bureau of Economic Research in August.</p><p>The authors of the paper -- who are professors at the University of Pennsylvania, University of Chicago, Illinois State University, New York University and Ohio State University -- published a revised version of the paper two months ago.</p><p>Researchers compared workers' wages before the pandemic to what they were receiving in unemployment benefits during the pandemic using data provided by the Illinois unemployment insurance system. They used aggregated data from several private companies to estimate debit and credit-card spending.</p><p>If individual spending levels declined by 5% as a result of lowering the benefits to $300 a week, it would hardly be headline-worthy, said Julia Lane, a professor at NYU's Wagner Graduate School of Public Service, and an author of the study.</p><p>But a 5% drop in total spending at the county level is \"quite high,\" she said.</p><p>Consumer spending is the lifeblood of the economy, representing about 70% of all U.S. gross domestic product . If consumer spending dropped by 5% nationwide it would mean a \"massive\" downturn in GDP, Lane told MarketWatch.</p><p>Total consumer spending would likely decline by a smaller percentage across every county in the U.S. once the $300 supplemental unemployment benefit expires for every jobless American in September, Lane said. That's because far more people were unemployed when the study was conducted than right now.</p><p>But \"in addition to losing the vital purchasing power workers have in their local and state economies, they are also being forced further into poverty by losing the ability to support their families, secure housing, food and more,\" said Alexa Tapia, an expert in unemployment benefits at the National Employment Law Project, an advocacy organization focused on workers' rights.</p><p>Of all the government spending programs, unemployment benefits have one of the biggest 'bangs for their buck'</p><p>For every dollar spent on unemployment insurance, there's a multiplier effect leading to a 1.64 increase in GDP , according to a 2008 study published by Mark Zandi, chief economist at Moody's Analytics.</p><p>Meanwhile, for every dollar spent on infrastructure projects such as President Joe Biden's $2.3 trillion American Jobs Plan, U.S. GDP could be expected to increase by a multiple of 1.59.</p><p>***Without the extra $300 a week benefit, jobless Americans in Alabama, Arizona, Arkansas, Georgia, Mississippi, Missouri, South Carolina and Tennessee, where average state weekly benefits are below $300, will see their total benefits shrink by more than half.***</p><p>Gig workers, independent contractors and self-employed workers across all of the 16 states could stop receiving unemployment benefits altogether.</p><p>These workers \"will be desperate to keep body and soul together,\" said Stephen Wandner, a senior fellow at the National Academy of Social Insurance. \"There will be a behavioral change,\" he added, predicting that more people will apply to jobs once they're cut off from unemployment benefits.</p><p>\"We don't know how big a change there will be,\" Wandner, a former actuary at the U.S. Labor Department, said, adding that \"the states that are doing this will be disappointed\" because it won't incentivize as many people as they'd probably like to go back to work.</p><p>More than 4 million Americans aren't working because they're afraid of contracting coronavirus, according to data  from the latest U.S. Census Bureau's Household Pulse Survey that was published on April 7. Another 8 million people indicated that they couldn't work because they were caring for a child or elderly person.</p><p>But some business leaders say enhanced unemployment benefits are keeping people from applying for jobs.</p><p>For example, in Mississippi, the state with the lowest cost of living , where the maximum weekly unemployment benefit is $235, the extra $300 a week in federal benefits \"is significant,\" said Douglas Holmes, president of UWC Strategic Services on Unemployment &amp; Workers' Compensation, a trade group representing the business community on unemployment insurance matters.</p><p>In fact, it's such a significant amount for Mississippians that it will likely impact \"their willingness to go back to work on top of concerns about COVID\" after June 12, when Mississippians will no longer receive federal benefits under an order the state's Republican Gov. Tate Reeves signed earlier this week , Holmes told MarketWatch.</p><p>\"There are certain circumstances in which the additional $300 a week could be the thing that a rational person looks at and says, 'I'm not going to take that job because I can make enough on unemployment to wait for the next better job,'\" Holmes said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135553676","content_text":"Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,' said Stephen Wandner, a senior fellow at the National Academy of Social InsurancePressure is building in some states to pull the plug on enhanced federal unemployment benefits.Since the onset of the pandemic, every state has accepted federal unemployment aid that enabled them to distribute benefits to out-of-work people who normally would not qualify for them. States have also been handing out extra federal benefits -- including an additional $600 a week at one point -- to all unemployed workers on top of their state benefits.These enhanced unemployment benefits were set to expire in September, but a growing number of states want to end them sooner in part because of mounting complaints from employers who cannot fill job vacancies because, they say, overly generous federal unemployment benefits are keeping would-be workers at home.Last month, the U.S. added some 266,000 jobs -- far below the 1 million jobs economists were forecasting. Meanwhile, there are more than 8 million unfilled positions in the U.S ., according to the Department of Labor's Job Openings and Labor Turnover Survey.But initial jobless claims dropped to a pandemic low of 473,000  last week, the DOL reported on Thursday.President Joe Biden acknowledged  that \"some employers are having trouble filling jobs,\" when he spoke about the jobs report last week.  But when asked if enhanced unemployment benefits kept some workers from returning to work he said, \"No, nothing measurable.\"Pulling the plug on federal unemployment benefit programs, which were originally enacted under the CARES Act in April 2020, when some 23 million Americans were out of work, will encourage more Americans to seek out employment opportunities, some economists and policymakers hold.***And employers in the 16 states that are opting out of federal unemployment benefits programs -- Alabama, Arizona, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, North Dakota, Ohio, South Carolina,  South Dakota, Tennessee, Utah and Wyoming -- won't have to raise wages to compete with unemployment benefits that in some cases exceed their state's minimum wage.***But some research suggests that doing away with federal unemployment benefits may also have one big unintended consequence -- people could become more frugal with their money.When federal benefits were cut to $300 from $600, total spending in 15 Illinois counties declined by 5%After federal unemployment benefits were halved from $600 to $300, the total consumer spending levels across 15 counties in Illinois dropped by 5%, according to a paper titled \"The Effect of Fiscal Stimulus: Evidence from COVID-19\"  that was circulated by the National Bureau of Economic Research in August.The authors of the paper -- who are professors at the University of Pennsylvania, University of Chicago, Illinois State University, New York University and Ohio State University -- published a revised version of the paper two months ago.Researchers compared workers' wages before the pandemic to what they were receiving in unemployment benefits during the pandemic using data provided by the Illinois unemployment insurance system. They used aggregated data from several private companies to estimate debit and credit-card spending.If individual spending levels declined by 5% as a result of lowering the benefits to $300 a week, it would hardly be headline-worthy, said Julia Lane, a professor at NYU's Wagner Graduate School of Public Service, and an author of the study.But a 5% drop in total spending at the county level is \"quite high,\" she said.Consumer spending is the lifeblood of the economy, representing about 70% of all U.S. gross domestic product . If consumer spending dropped by 5% nationwide it would mean a \"massive\" downturn in GDP, Lane told MarketWatch.Total consumer spending would likely decline by a smaller percentage across every county in the U.S. once the $300 supplemental unemployment benefit expires for every jobless American in September, Lane said. That's because far more people were unemployed when the study was conducted than right now.But \"in addition to losing the vital purchasing power workers have in their local and state economies, they are also being forced further into poverty by losing the ability to support their families, secure housing, food and more,\" said Alexa Tapia, an expert in unemployment benefits at the National Employment Law Project, an advocacy organization focused on workers' rights.Of all the government spending programs, unemployment benefits have one of the biggest 'bangs for their buck'For every dollar spent on unemployment insurance, there's a multiplier effect leading to a 1.64 increase in GDP , according to a 2008 study published by Mark Zandi, chief economist at Moody's Analytics.Meanwhile, for every dollar spent on infrastructure projects such as President Joe Biden's $2.3 trillion American Jobs Plan, U.S. GDP could be expected to increase by a multiple of 1.59.***Without the extra $300 a week benefit, jobless Americans in Alabama, Arizona, Arkansas, Georgia, Mississippi, Missouri, South Carolina and Tennessee, where average state weekly benefits are below $300, will see their total benefits shrink by more than half.***Gig workers, independent contractors and self-employed workers across all of the 16 states could stop receiving unemployment benefits altogether.These workers \"will be desperate to keep body and soul together,\" said Stephen Wandner, a senior fellow at the National Academy of Social Insurance. \"There will be a behavioral change,\" he added, predicting that more people will apply to jobs once they're cut off from unemployment benefits.\"We don't know how big a change there will be,\" Wandner, a former actuary at the U.S. Labor Department, said, adding that \"the states that are doing this will be disappointed\" because it won't incentivize as many people as they'd probably like to go back to work.More than 4 million Americans aren't working because they're afraid of contracting coronavirus, according to data  from the latest U.S. Census Bureau's Household Pulse Survey that was published on April 7. Another 8 million people indicated that they couldn't work because they were caring for a child or elderly person.But some business leaders say enhanced unemployment benefits are keeping people from applying for jobs.For example, in Mississippi, the state with the lowest cost of living , where the maximum weekly unemployment benefit is $235, the extra $300 a week in federal benefits \"is significant,\" said Douglas Holmes, president of UWC Strategic Services on Unemployment & Workers' Compensation, a trade group representing the business community on unemployment insurance matters.In fact, it's such a significant amount for Mississippians that it will likely impact \"their willingness to go back to work on top of concerns about COVID\" after June 12, when Mississippians will no longer receive federal benefits under an order the state's Republican Gov. Tate Reeves signed earlier this week , Holmes told MarketWatch.\"There are certain circumstances in which the additional $300 a week could be the thing that a rational person looks at and says, 'I'm not going to take that job because I can make enough on unemployment to wait for the next better job,'\" Holmes said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347114947,"gmtCreate":1618474799189,"gmtModify":1704711384921,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"It will grow!","listText":"It will grow!","text":"It will grow!","images":[{"img":"https://static.tigerbbs.com/bec9b902dada757a73f8ea7c408a31f8","width":"1080","height":"2737"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347114947","isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":347111306,"gmtCreate":1618474345305,"gmtModify":1704711378278,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347111306","repostId":"1150469902","repostType":4,"repost":{"id":"1150469902","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":1618447631,"share":"https://ttm.financial/m/news/1150469902?lang=&edition=fundamental","pubTime":"2021-04-15 08:47","market":"us","language":"en","title":"KKR-backed AppLovin raises $2 billion in IPO -source","url":"https://stock-news.laohu8.com/highlight/detail?id=1150469902","media":"Reuters","summary":"U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at","content":"<p>U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at the mid-point of its target range to raise $2 billion, a person familiar with the matter said on Wednesday.</p>\n<p>AppLovin, which is backed by private equity giant KKR &amp; Co Inc, priced 25 million shares at $80 per share, the source said. It had set an IPO target range of $75 to $85 per share.</p>\n<p>The IPO values AppLovin at $28.6 billion.</p>\n<p>The source requested not to be identified ahead of an official announcement. AppLovin did not immediately respond to a request for comment.</p>\n<p>The Palo Alto, California-based company is the latest player in the mobile gaming industry to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.</p>\n<p>In the past 12 months, the likes of Playtika Holding Corp, Roblox Corp and Unity Software Inc have gone public.</p>\n<p>The IPO represents a big windfall for KKR, which acquired a minority stake in AppLovin in 2018 for $400 million, in a deal which valued the company at $2 billion.</p>\n<p>AppLovin abandoned plans to sell itself to Chinese buyout firm Orient Hontai Capital in 2017. A U.S. national security panel shot down the $1.4 billion deal on data security worries.</p>\n<p>AppLovin now has over 410 million daily active users on its platform and its apps consist of more than 200 free-to-play mobile games, including Word Connect, Slap Kings and Bingo Story.</p>\n<p>The company’s shares are scheduled to begin trading on Nasdaq on Thursday under the symbol “APP”.</p>\n<p>Morgan Stanley, JPMorgan, KKR, BofA Securities and Citigroup were among the underwriters of the IPO.</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>KKR-backed AppLovin raises $2 billion in IPO -source</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\">\nKKR-backed AppLovin raises $2 billion in IPO -source\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\">2021-04-15 08:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at the mid-point of its target range to raise $2 billion, a person familiar with the matter said on Wednesday.</p>\n<p>AppLovin, which is backed by private equity giant KKR &amp; Co Inc, priced 25 million shares at $80 per share, the source said. It had set an IPO target range of $75 to $85 per share.</p>\n<p>The IPO values AppLovin at $28.6 billion.</p>\n<p>The source requested not to be identified ahead of an official announcement. AppLovin did not immediately respond to a request for comment.</p>\n<p>The Palo Alto, California-based company is the latest player in the mobile gaming industry to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.</p>\n<p>In the past 12 months, the likes of Playtika Holding Corp, Roblox Corp and Unity Software Inc have gone public.</p>\n<p>The IPO represents a big windfall for KKR, which acquired a minority stake in AppLovin in 2018 for $400 million, in a deal which valued the company at $2 billion.</p>\n<p>AppLovin abandoned plans to sell itself to Chinese buyout firm Orient Hontai Capital in 2017. A U.S. national security panel shot down the $1.4 billion deal on data security worries.</p>\n<p>AppLovin now has over 410 million daily active users on its platform and its apps consist of more than 200 free-to-play mobile games, including Word Connect, Slap Kings and Bingo Story.</p>\n<p>The company’s shares are scheduled to begin trading on Nasdaq on Thursday under the symbol “APP”.</p>\n<p>Morgan Stanley, JPMorgan, KKR, BofA Securities and Citigroup were among the underwriters of the IPO.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150469902","content_text":"U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at the mid-point of its target range to raise $2 billion, a person familiar with the matter said on Wednesday.\nAppLovin, which is backed by private equity giant KKR & Co Inc, priced 25 million shares at $80 per share, the source said. It had set an IPO target range of $75 to $85 per share.\nThe IPO values AppLovin at $28.6 billion.\nThe source requested not to be identified ahead of an official announcement. AppLovin did not immediately respond to a request for comment.\nThe Palo Alto, California-based company is the latest player in the mobile gaming industry to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.\nIn the past 12 months, the likes of Playtika Holding Corp, Roblox Corp and Unity Software Inc have gone public.\nThe IPO represents a big windfall for KKR, which acquired a minority stake in AppLovin in 2018 for $400 million, in a deal which valued the company at $2 billion.\nAppLovin abandoned plans to sell itself to Chinese buyout firm Orient Hontai Capital in 2017. A U.S. national security panel shot down the $1.4 billion deal on data security worries.\nAppLovin now has over 410 million daily active users on its platform and its apps consist of more than 200 free-to-play mobile games, including Word Connect, Slap Kings and Bingo Story.\nThe company’s shares are scheduled to begin trading on Nasdaq on Thursday under the symbol “APP”.\nMorgan Stanley, JPMorgan, KKR, BofA Securities and Citigroup were among the underwriters of the IPO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344835791,"gmtCreate":1618394835613,"gmtModify":1704710134606,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Got to buy this stock","listText":"Got to buy this stock","text":"Got to buy this stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/344835791","repostId":"2127454000","repostType":4,"repost":{"id":"2127454000","pubTimestamp":1618364092,"share":"https://ttm.financial/m/news/2127454000?lang=&edition=fundamental","pubTime":"2021-04-14 09:34","market":"us","language":"en","title":"Coinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=2127454000","media":"MarketWatch","summary":"'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--wil","content":"<p>'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--will likely see dramatic, potentially protracted, swings,' MoffettNathanson's Ellis writes</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a8244209cb653b4d9e43e2d729863b9\" tg-width=\"620\" tg-height=\"414\" referrerpolicy=\"no-referrer\"><span>Here comes the Coinbase IPO! Photographer: Tiffany Hagler-Geard/Bloomberg</span></p><p>Coinbase is the talk of Wall Street, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange Wednesday, through a direct listing.</p><p>There is no doubt that the public offering of Coinbase is a big deal in the world of crypto. The company was created just over a decade ago with the genesis of bitcoin  and is now in the midst of a moment that many in the industry have described as a tipping point .</p><p>There are few ways to get direct ownership of crypto currencies, outside of buying them directly, a service that Coinbase provides for a fee, and what investors appear willing to be pay up for.</p><p>Leeor Shimron, analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. \"Coinbase's direct listing is a watershed moment for the crypto industry.\"</p><p>Wedbush analyst Dan Ives said the listing is a reflection of the crypto's mainstream evolution.</p><p>\"Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years in our opinion,\" he wrote in a research note Tuesday.</p><p>Some caution that the implied valuations for Coinbase as a crypto exchange are too lofty , the parent company of the New York Stock Exchange.</p><p>In a direct listing, a company floats its shares on a stock exchange, but without hiring banks to underwrite the transaction, like in an IPO.</p><p>Here's what you need to know about the coming offering.</p><p><b>What is Coinbase?</b></p><p>The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform as chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.</p><p>According to Forbes , Armstrong's networth is currently $6.5 billion based on his ownership in the company and his wealth is likely to increase if the direct listing goes off successfully.</p><p><b>When will Coinbase go public?</b></p><p>Coinbase will list on April 14. The precise timing of the list isn't clear but <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a>'s (PLTR)direct listing   after 1:30 p.m. Eastern Time.</p><p><b>Where will it list?</b></p><p>Coinbase is set to go public on the Nasdaq under the ticker symbol \"COIN\" as a direct listing, meaning it isn't raising any new money, as a company would under a traditional IPO.</p><p>Coinbase is the Nasdaq's first major direct listing, with Spotify <a href=\"https://laohu8.com/S/SPOT\">$(SPOT)$</a>, <a href=\"https://laohu8.com/S/WORK\">Slack Technologies</a> (WORK) and most recently Palantir Technologies (PLTR) all opting to directly list at the NYSE.</p><p><b>Valuations?</b></p><p>Valuations for Coinbase vary from $50 billion to $150 billion based on some decentralized crypto platforms that attempt to replicate how the company's shares might trade. At the top end of the spectrum, Coinbase would be bigger than a number of U.S. exchanges, including ICE, Nasdaq, CME Group <a href=\"https://laohu8.com/S/CME\">$(CME)$</a> and Cboe Global Markets <a href=\"https://laohu8.com/S/CBOE\">$(CBOE)$</a>.</p><p><img src=\"https://static.tigerbbs.com/d2200134a14a3d37a8a656d85f6906c0\" tg-width=\"955\" tg-height=\"657\" referrerpolicy=\"no-referrer\"></p><p>David Trainer, CEO of New Constructs, an investment research firm, said the crypto platform's value is ridiculously high. \"Even though Coinbase's revenue surged over the past 12 months, the company has little-to-no-chance of meeting the future profit expectations that are baked into its ridiculously high expected valuation of $100 billion,\" he said.</p><p>\"Coinbase's expected valuation of $100 billion implies that its revenue will be 1.5x the combined 2020 revenues of two of the most established exchanges in the marketplace, Nasdaq Inc. <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> and Intercontinental Exchange <a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>, the parent company of the New York Stock Exchange,\" he said.</p><p>Trainer said that based on his calculation, Coinbase's valuation should be closer to $18.9 billion--an 81% decrease from the $100 billion expected valuation.</p><p><b>'Not for the faint of heart'</b></p><p>MoffettNathanson analyst Lisa Ellis explained to MarketWatch why the offering is, as she describes it \"not for the faint of heart,\" but why she initiated coverage of the exchange at a buy with a price-target of $600, even before it sees its first trade on the Nasdaq.</p><p>\"I'm super super bullish on Coinbase...because you get the sense that they are a market leader in the space and crypto agnostic,\" she said.</p><p>That said, she acknowledges that currently 90% of Coinbase's revenues are derived directly from retail trading, with most in the U.S. and trading centered primarily on the two largest cryptos: bitcoin and Ether  on the ethereum blockchain.</p><p>\"So the implications is that Coinbase's revenues are correlated with the level of activity in cryto currency and especially bitcoin and ether.\"</p><p>Ellis says investors need to have at least a one-year long-term investment strategy in bitcoin, which could still go to zero by some bearish accounts, but a three-year outlook is even better, because the crypto complex has tended to operate in three-year cycles of boom and then bust.</p><p><b>Validation for crypto or a top?</b></p><p>Some bulls see Coinbase as validation for the nascent crpyto industry.</p><p>Alex Mashinsky, head of crypto-lending and trading platform Celsius Network, put it this way:</p><p>\"We look at the Coinbase listing as an additional validation of the space, and a major PR opportunity for the entire industry to shine as the future of finance,\" he told MarketWatch via email.</p><p>\"Coinbase has more users and more revenues than many of the largest Wall Street players and is more profitable than any major exchange, and this validation puts most skeptics at a crossroads having to re-evaluate their denial and frustration with the disruption coming at them from all sides.\"</p><p>Others suggest that it may prove a new top for the market and put crypto prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin.</p><p>Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux &amp; Co., told MarketWatch that he is fearful that too much euphoria surrounds bitcoin and crypto and sees it due for a retrenchment as a result. \"Can you find out-there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" said Lamoureux.</p><p><b>Is Coinbase the largest crypto exchange?</b></p><p>Coinbase is the second-largest crypto platform, but the largest in the U.S., by volume. The title of largest goes to Binance, which sees $47 billion in crypto trading volume in a 24-hour period, according to CoinMarketCap.com .</p><p><b>Who else owns Coinbase?</b></p><p>Venture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares  and 14%% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase's board.</p><p><b>Other facts</b></p><p>For those aiming for an even deeper dive into Coinbase, check out MarketWatch's <a href=\"https://laohu8.com/NW/2116458171\" target=\"_blank\">5 things to know about the company</a>.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-14 09:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/coinbase-ipo-everything-you-need-to-know-about-the-watershed-moment-in-crypto-11618350086?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--will likely see dramatic, potentially protracted, swings,' MoffettNathanson's Ellis writesHere comes ...</p>\n\n<a href=\"https://www.marketwatch.com/story/coinbase-ipo-everything-you-need-to-know-about-the-watershed-moment-in-crypto-11618350086?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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.marketwatch.com/story/coinbase-ipo-everything-you-need-to-know-about-the-watershed-moment-in-crypto-11618350086?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127454000","content_text":"'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--will likely see dramatic, potentially protracted, swings,' MoffettNathanson's Ellis writesHere comes the Coinbase IPO! Photographer: Tiffany Hagler-Geard/BloombergCoinbase is the talk of Wall Street, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange Wednesday, through a direct listing.There is no doubt that the public offering of Coinbase is a big deal in the world of crypto. The company was created just over a decade ago with the genesis of bitcoin  and is now in the midst of a moment that many in the industry have described as a tipping point .There are few ways to get direct ownership of crypto currencies, outside of buying them directly, a service that Coinbase provides for a fee, and what investors appear willing to be pay up for.Leeor Shimron, analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. \"Coinbase's direct listing is a watershed moment for the crypto industry.\"Wedbush analyst Dan Ives said the listing is a reflection of the crypto's mainstream evolution.\"Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years in our opinion,\" he wrote in a research note Tuesday.Some caution that the implied valuations for Coinbase as a crypto exchange are too lofty , the parent company of the New York Stock Exchange.In a direct listing, a company floats its shares on a stock exchange, but without hiring banks to underwrite the transaction, like in an IPO.Here's what you need to know about the coming offering.What is Coinbase?The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform as chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.According to Forbes , Armstrong's networth is currently $6.5 billion based on his ownership in the company and his wealth is likely to increase if the direct listing goes off successfully.When will Coinbase go public?Coinbase will list on April 14. The precise timing of the list isn't clear but Palantir Technologies Inc.'s (PLTR)direct listing   after 1:30 p.m. Eastern Time.Where will it list?Coinbase is set to go public on the Nasdaq under the ticker symbol \"COIN\" as a direct listing, meaning it isn't raising any new money, as a company would under a traditional IPO.Coinbase is the Nasdaq's first major direct listing, with Spotify $(SPOT)$, Slack Technologies (WORK) and most recently Palantir Technologies (PLTR) all opting to directly list at the NYSE.Valuations?Valuations for Coinbase vary from $50 billion to $150 billion based on some decentralized crypto platforms that attempt to replicate how the company's shares might trade. At the top end of the spectrum, Coinbase would be bigger than a number of U.S. exchanges, including ICE, Nasdaq, CME Group $(CME)$ and Cboe Global Markets $(CBOE)$.David Trainer, CEO of New Constructs, an investment research firm, said the crypto platform's value is ridiculously high. \"Even though Coinbase's revenue surged over the past 12 months, the company has little-to-no-chance of meeting the future profit expectations that are baked into its ridiculously high expected valuation of $100 billion,\" he said.\"Coinbase's expected valuation of $100 billion implies that its revenue will be 1.5x the combined 2020 revenues of two of the most established exchanges in the marketplace, Nasdaq Inc. $(NDAQ)$ and Intercontinental Exchange $(ICE)$, the parent company of the New York Stock Exchange,\" he said.Trainer said that based on his calculation, Coinbase's valuation should be closer to $18.9 billion--an 81% decrease from the $100 billion expected valuation.'Not for the faint of heart'MoffettNathanson analyst Lisa Ellis explained to MarketWatch why the offering is, as she describes it \"not for the faint of heart,\" but why she initiated coverage of the exchange at a buy with a price-target of $600, even before it sees its first trade on the Nasdaq.\"I'm super super bullish on Coinbase...because you get the sense that they are a market leader in the space and crypto agnostic,\" she said.That said, she acknowledges that currently 90% of Coinbase's revenues are derived directly from retail trading, with most in the U.S. and trading centered primarily on the two largest cryptos: bitcoin and Ether  on the ethereum blockchain.\"So the implications is that Coinbase's revenues are correlated with the level of activity in cryto currency and especially bitcoin and ether.\"Ellis says investors need to have at least a one-year long-term investment strategy in bitcoin, which could still go to zero by some bearish accounts, but a three-year outlook is even better, because the crypto complex has tended to operate in three-year cycles of boom and then bust.Validation for crypto or a top?Some bulls see Coinbase as validation for the nascent crpyto industry.Alex Mashinsky, head of crypto-lending and trading platform Celsius Network, put it this way:\"We look at the Coinbase listing as an additional validation of the space, and a major PR opportunity for the entire industry to shine as the future of finance,\" he told MarketWatch via email.\"Coinbase has more users and more revenues than many of the largest Wall Street players and is more profitable than any major exchange, and this validation puts most skeptics at a crossroads having to re-evaluate their denial and frustration with the disruption coming at them from all sides.\"Others suggest that it may prove a new top for the market and put crypto prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin.Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he is fearful that too much euphoria surrounds bitcoin and crypto and sees it due for a retrenchment as a result. \"Can you find out-there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" said Lamoureux.Is Coinbase the largest crypto exchange?Coinbase is the second-largest crypto platform, but the largest in the U.S., by volume. The title of largest goes to Binance, which sees $47 billion in crypto trading volume in a 24-hour period, according to CoinMarketCap.com .Who else owns Coinbase?Venture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares  and 14%% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase's board.Other factsFor those aiming for an even deeper dive into Coinbase, check out MarketWatch's 5 things to know about the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345844881,"gmtCreate":1618304286443,"gmtModify":1704708835919,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Got to buy the share when is out!!","listText":"Got to buy the share when is out!!","text":"Got to buy the share when is out!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345844881","repostId":"1194635432","repostType":4,"repost":{"id":"1194635432","pubTimestamp":1618236146,"share":"https://ttm.financial/m/news/1194635432?lang=&edition=fundamental","pubTime":"2021-04-12 22:02","market":"us","language":"en","title":"Can You Make Coin Investing In Coinbase?","url":"https://stock-news.laohu8.com/highlight/detail?id=1194635432","media":"seekingalpha","summary":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the ","content":"<p><b>Summary</b></p><ul><li>Coinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.</li><li>With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.</li><li>Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.</li><li>Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.</li></ul><p>I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?</p><p>At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.</p><p><b>Fundamental Risks 1: The US Regulatory Landscape</b></p><p>The US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.</p><p>Coinbase has the 2nd smallest coin listings</p><p>Coin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.</p><p>Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at &gt;20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.</p><p>SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)</p><p>In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.</p><p>XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.</p><p>Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.</p><p>Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.</p><p><img src=\"https://static.tigerbbs.com/5bf68da62452a794c5daaa60ac989840\" tg-width=\"554\" tg-height=\"576\" referrerpolicy=\"no-referrer\">Source: Table created by Author fromCoinMarketCap</p><p><b>Other Regulatory Risks</b></p><p>Regulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.</p><p>Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.</p><p>Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.</p><p><b>Fundamental Risk 2: Losing a Winner-Takes-All Market</b></p><p>There are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.</p><p>Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.</p><p>On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.</p><p>In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).</p><p>Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.</p><p>In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.</p><p><img src=\"https://static.tigerbbs.com/01ca6dafd2b567bd920c5e9f8edc8fbb\" tg-width=\"640\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Valuation</b></p><p>The tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.</p><p>Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.</p><p>Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.</p><p>Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.</p><p>Table 3:Coinbase's Revenue from 2016-2020<img src=\"https://static.tigerbbs.com/de8396c363230e04130e43f63d653956\" tg-width=\"640\" tg-height=\"231\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 4:Coinbase's Profit from 2016-2020<img src=\"https://static.tigerbbs.com/be2327ad800bd3524a3aaa57e3a0b17f\" tg-width=\"640\" tg-height=\"208\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 5:Coinbase's Historical Valuations<img src=\"https://static.tigerbbs.com/4b1fd86395ee1b0e38f1f6fd472f84bd\" tg-width=\"640\" tg-height=\"159\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Verdict</b></p><p>In my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.</p><p>The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.</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>Can You Make Coin Investing In Coinbase?</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\">\nCan You Make Coin Investing In Coinbase?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1194635432","content_text":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.Fundamental Risks 1: The US Regulatory LandscapeThe US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.Coinbase has the 2nd smallest coin listingsCoin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at >20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.Source: Table created by Author fromCoinMarketCapOther Regulatory RisksRegulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.Fundamental Risk 2: Losing a Winner-Takes-All MarketThere are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.Source:BusinessofAppsValuationThe tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.Table 3:Coinbase's Revenue from 2016-2020Source:BusinessofAppsTable 4:Coinbase's Profit from 2016-2020Source:BusinessofAppsTable 5:Coinbase's Historical ValuationsSource:BusinessofAppsVerdictIn my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342424307,"gmtCreate":1618238228009,"gmtModify":1704707996793,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Is goin to be a good buy","listText":"Is goin to be a good buy","text":"Is goin to be a good buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342424307","repostId":"1158838491","repostType":2,"repost":{"id":"1158838491","pubTimestamp":1618197869,"share":"https://ttm.financial/m/news/1158838491?lang=&edition=fundamental","pubTime":"2021-04-12 11:24","market":"us","language":"en","title":"Coinbase: Highly Overvalued At $100 Billion Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1158838491","media":"seekingalpha","summary":"Summary\n\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for","content":"<p><b>Summary</b></p>\n<ul>\n <li>Our valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase.</li>\n <li>Our base case valuation of Coinbase is $39.9 billion, which is nearly 60% lower than the purported private market value of $100 billion that Coinbase received recently.</li>\n <li>Overall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation.</li>\n <li>Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.</li>\n</ul>\n<p><b>Comparable Companies Valuation Analysis</b></p>\n<p>Our valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase (COIN). Our base case valuation of Coinbase is $39.9 billion, which is nearly 5x the value the company received in October 2018 ($8 billion) in private funding transaction. However, our base case value of $39.9 billion is nearly 60% lower than the purported recent private market value of$100 billionthat Coinbase received recently.</p>\n<p>Because of the lack of the directly comparable cryptocurrency focused exchanges, we compare Coinbase against some of the biggest exchanges (mostly stock markets) globally including Intercontinental Exchange (ICE), Nasdaq Exchange (NDAQ), and Euronext(OTCPK:EUXTF).</p>\n<p>Our base case valuation is based on 31.2x the company's sales of $1.3 billion in 2020. This P/S multiple is based on 5x the average P/S multiple of its peers including Intercontinental Exchange, Nasdaq Exchange, and Euronext. The peers are trading at an average P/S multiple of 6.2x in 2020. Our reasoning of applying a 5x higher P/S multiple on Coinbase versus its peers is because Coinbase's sales growth in 2020 was 5x higher (139.4% YoY) than the average sales growth rate of its peers (27.9% YoY).</p>\n<p>Nonetheless, applying a 31.2x P/S multiple on Coinbase's 2020 sales may even be generous as Coinbase's business model which mainly involves Bitcoin and Ethereum which are exposed to higher volatility, uncertainties, and regulatory risks as compared to ICE, Nasdaq, and Euronext.</p>\n<p>In addition, the combined market caps of ICE, Nasdaq Exchange, and Euronext are $94 billion which is less than the recent private market valuation of nearly $100 billion for Coinbase. We find it hard to digest how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.</p>\n<p>Overall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation. As such, we think that the prudent investor should avoid this direct listing of Coinbase if indeed it is priced at nearly $100 billion. Despite the numerous positive factors (such as surging sales growth and turn to profitability), it is difficult to argue for a valuation of nearly $100 billion for Coinbase, which would represent a whopping 78x P/S multiple (using 2020 sales).</p>\n<p>Even the company has pointed out in its prospectus that Bitcoin has experienced four major cycles since its launch (the fourth cycle is still ongoing). We would argue that for the prudent investors, there is no rush to buy Coinbase while Bitcoin price is near at its all time highs. The prudent investor should wait until there is a major correction in the Bitcoin price to see how the Coinbase's financials are able to withstand such correction.</p>\n<p>In addition, we would argue that as the Bitcoin and crypto trading become more mainstream, the trading fees for the cryptos will go down much more significantly, which is likely to negatively impact Coinbase.</p>\n<p><img src=\"https://static.tigerbbs.com/f562704ffd69c639772c9c98cc042380\" tg-width=\"908\" tg-height=\"716\"><img src=\"https://static.tigerbbs.com/a2e1760c521642a9d826b93822bbf76c\" tg-width=\"904\" tg-height=\"684\"><img src=\"https://static.tigerbbs.com/a700a76614a166cfed8a2e712e411461\" tg-width=\"910\" tg-height=\"448\"></p>\n<p><b>Coinbase Income Statement Analysis</b></p>\n<p>Coinbase generated sales of $1.3 billion in 2020 (up 139.4% YoY). It also had an operating profit of $409 million in 2020, from an operating loss of $45.8 million in 2019. Coinbase generates nearly all of its revenues from commissions and fees. Transaction revenue represented over 96% of its net revenue in 2020. The company's revenues are highly impacted by the changing crypto prices. Therefore, we would argue that the company's sales and profit growth in 2020 is highly impacted by the surging crypto prices and in the evident of a major downturn in crypto prices, the company's results are bound to deteriorate significantly.</p>\n<p>Since late 2018, the company has launched a range of subscription products and services such as Store, Stake, and Borrow &amp; Lend in order to diversify its revenue stream and reduce its reliance on transaction fees. However, they currently remain a minor portion of the company's revenues.</p>\n<p>The improvement in the operating margins was due to the surging sales growth and a decline in total operating expenses as a percentage of sales which declined from 108.6% in 2019 to 68% in 2020. Among the major operating expenses, the biggest improvements have come from the transaction expense, technology &amp; development, and general &amp; admin expenses. The transaction expense as a percentage of sales declined from 15.4% in 2019 to 10.6% in 2020. The general &amp; admin expenses as a percentage of sales also declined significantly from 43.5% in 2019 to 21.9% in 2020.</p>\n<p>Although the company has done a good job in increasing sales and profits in 2020, they were driven at a period when crypto prices rallied strongly. The company faces a major risk of significant decline in sales and profit growth if the crypto prices decline materially.</p>\n<p><img src=\"https://static.tigerbbs.com/4006dd1b7826bc8bfb5c54c3fc337f8f\" tg-width=\"605\" tg-height=\"771\"><img src=\"https://static.tigerbbs.com/0d1881ca71359bc62ac668414f9704c2\" tg-width=\"602\" tg-height=\"601\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac8f93693e1189b4c33d586a33d9777\" tg-width=\"777\" tg-height=\"489\"><span>Source: Author, from Company data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19577c539f8268f0f59b6ad94c271862\" tg-width=\"836\" tg-height=\"495\"><span>Source: Author, from Company data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71df7a8d3a9ec9edf1345ad24af29fe4\" tg-width=\"869\" tg-height=\"499\"><span>Source: Author, from Company data</span></p>\n<p><b>Coinbase (Key Business Metrics and Financial Measures)</b></p>\n<p>The key business metrics for the company include items including verified users, monthly transacting users, assets on platform, and trading volume. These figures show sharply increasing growth rates and are provided for the last two years. We would argue that the company is subject to big declines in these key business metrics' growth rates if there are sharp declines in crypto prices in the next several years.</p>\n<p><b>Verified users</b>- The company had 43 million verified users at the end of 2020, up 34.4% YoY.</p>\n<p><b>Monthly transacting users (MTU)</b>- The company defines MTU as a retail user who transacts in one or more products on its platform at least once during the rolling 28-day period ending on the date of measurement. MTUs increased from 1 million in 2019 to 2.8 million in 2020, up 180% YoY.</p>\n<p><b>Assets on platform</b>- Assets on platform are highly impacted by the changing crypto prices. From December 31, 2017 to December 31, 2018, Bitcoin and Ethereum prices declined 74% and 82%, respectively. During the same period, the company's assets on platform decreased by 73%.</p>\n<p>The total market capitalization of crypto assets surged from less than $500 million at the end of 2012 to $782 billion at the end of 2020, representing a CAGR of over 150% during this period. At the end of 2020, Bitcoin, Ethereum, and other crypto assets represented 70%, 13%, and 13% of the company's assets on platform, respectively. Assets on platform surged from $16.9 billion at the end of 2019 to $90.3 billion at the end of 2020, up 432% YoY.</p>\n<p><b>Trading volume</b>- Trading volume on the Coinbase exchange increased from $79.9 billion in 2019 to $193.1 billion in 2020, up 141.7% YoY.</p>\n<p><img src=\"https://static.tigerbbs.com/477168e292f8066052c361be979611a3\" tg-width=\"906\" tg-height=\"631\"></p>\n<p><b>Bitcoin Price Trend</b>- There have been four major crypto asset price cycles since 2010, with each cycle lasting about two to four years. In the three price cycles prior to the current one, crypto prices have subsequently declined from each peak and settled at a trough higher than the prior peak.</p>\n<p><b>Crypto Market Capitalization vs. S&amp;P 500</b>- Prior to the start of the COVID-19 pandemic in 1Q 2019, there was not a really visible correlation between the S&amp;P 500 and the crypto market capitalization. However, in the past year, there certainly has been a positive correlation between them. This presents a key risk factor for Coinbase since if there is a major downturn in the S&amp;P 500, it could also drag along the crypto markets as well.</p>\n<p>Coinbase's market share in the crypto market capitalization increased from 4.5% in 2018 to 8.3% in 2019, and 11.1% in 2020. The company has done a really good job of taking away market share from its competitors.</p>\n<p>Competition</p>\n<p>The company faces competition from a wide range of competitors including both big and small companies. For retail users, it competes with firms such as Square(NYSE:SQ)and Robinhood (RBNHD). PayPal(NASDAQ:PYPL)also recently introduced crypto products and services. Binance, which is mostly focused on the crypto market, is also a major competitor. Other major competitors include Gemini, Bitstamp, and Kraken.</p>\n<p>The top five crypto exchanges include Binance, Coinbase Pro, Huobi Global, Kraken, and Bitfinex. Among the top 10 cryptocurrency exchanges, globally, two of them are based in Korea including Bithumb and Coinone.</p>\n<p><b>Comparisons of Coinbase, Kraken, and Binance</b></p>\n<p>The comparisons of Coinbase, Kraken, and Binance suggest that while Coinbase is able to enjoy some higher pricing advantages than these other two leading players, this may be because many customers still are willing to pay higher prices for the quality of service and lack of security breaches. In our view, the competitors are likely to catch up to Coinbase in terms of these two factors as well as provide lower pricing for trading cryptos in the coming years which is likely to result in a more difficult competitive environment for Coinbase.</p>\n<p>Coinbase and Kraken are two of the leading crypto exchanges based in the United States. UnlikeCoinbase, Kraken charges flat fees on crypto purchases. The standard deposit fee for Kraken is $5. By offering flat fees, Kraken is trying to grab more institutional customers. Coinbase's service has a percentage based fee (of purchasing cryptos) that starts at 1.49% for bank transfers and the fees increase to 3.99% if debit or credit cards are used. Looking at the fees structures, it would appear that many institutional investors could be interested in the flat fees offered by Kraken but many retail investors that invest only small sums of money in cryptos may be more interested in Coinbase.</p>\n<p>One of the major&nbsp;differences&nbsp;between Coinbase and Kraken is the digital wallets. Coinbase has completely separate services for the wallets and its crypto exchange (unlike Kraken), which provides a clear separation between the funds the customers would like to hold and the ones they would like to trade. However, at times, the transferring of funds between the exchange and the wallets remains a bit inconvenient. Overall, it appears that Coinbase has an easier user experience, especially among the new users in the crypto market. However, Kraken may be more convenient for more experienced institutional investors.</p>\n<p>The trading fees for Kraken start at 0.16% for maker orders and 0.26% for taker orders. These fees are reduced as the customers' 30 days trading volume increases. At the lowest levels, Kraken customers can place free maker trades and 0.10% taker trades if they have a 30-day volume greater than$10 million.</p>\n<p>The trading fees for Coinbase start at 0.5% for both taker and maker, which is much more expensive as compared to other leading exchanges. The trading fees for Coinbase decline as the customers increase their 30 day trading volume. Trading under $10,000 over a 30 day period means the customer will incur 0.5% trading fees. Once the customer reaches $1 billion or more, these fees are reduced to 0.04% for taker and 0.00% for maker. Overall, for most investors, Kraken would provide lower trading fees as compared to Coinbase.</p>\n<p>Binance also has a tiered trading fee structure and it has one of the most competitive trading fees structures in the market. For Binance, at the lowest volume levels, fees are 0.1% for both makers and takers and at the highest trade volume levels, the fees come down to 0.02% and 0.04% for makers and takers, respectively. In addition, the users can further reduce their trading fees by as much as 25% if they pay fees in Binance's native BNB token.</p>\n<p><i>Why use Coinbase if it has higher fees than Binance and Kraken?</i>Despite Coinbase having higher fees than Binance and Kraken, it appears that millions of people have flocked to using Coinbase mainly due to its better performance on 1) ease of use, 2) security, and 3) customer service. Many customers are willing to pay a bit extra on the trading fees that Coinbase charges due to is relative better performance on its strengths, especially the fact that Coinbase is often cited as the most user friendly.</p>\n<p>Also, there have been several cases of hackers stealing cryptos from other smaller exchanges as well as from competitors such asKrakenin the past several years. Coinbase has successfully thwarted off attempts by the hackers to steal money from its accounts. Many customers of Coinbase believe that it is one of the safest cryptocurrency exchanges in the market.</p>\n<p><img src=\"https://static.tigerbbs.com/2c247135cbe917a7b75aa3679d4d6998\" tg-width=\"906\" tg-height=\"486\"></p>\n<p><b>Conclusion</b></p>\n<p>We believe that the prudent investor would avoid the Coinbase direct listing if indeed the pricing is completed at a market cap of nearly $100 billion. Our base case valuation is $39.9 billion, which is nearly 60% discount to the recent private market valuation of about $100 billion.</p>\n<p>At a valuation of nearly $100 billion, this would be more than the market caps of the three of the world's largest stock market/commodity exchanges including the Intercontinental Exchange, Nasdaq Exchange, and the Euronext which combined have $94 billion in market cap. We find it hard to understand how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.</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>Coinbase: Highly Overvalued At $100 Billion Valuation</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\">\nCoinbase: Highly Overvalued At $100 Billion Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4417132-coinbase-highly-overvalued-100-billion-valuation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase.\nOur base case valuation of Coinbase is $39.9 billion, which is nearly 60% lower than the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4417132-coinbase-highly-overvalued-100-billion-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4417132-coinbase-highly-overvalued-100-billion-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1158838491","content_text":"Summary\n\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase.\nOur base case valuation of Coinbase is $39.9 billion, which is nearly 60% lower than the purported private market value of $100 billion that Coinbase received recently.\nOverall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation.\nCoinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.\n\nComparable Companies Valuation Analysis\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase (COIN). Our base case valuation of Coinbase is $39.9 billion, which is nearly 5x the value the company received in October 2018 ($8 billion) in private funding transaction. However, our base case value of $39.9 billion is nearly 60% lower than the purported recent private market value of$100 billionthat Coinbase received recently.\nBecause of the lack of the directly comparable cryptocurrency focused exchanges, we compare Coinbase against some of the biggest exchanges (mostly stock markets) globally including Intercontinental Exchange (ICE), Nasdaq Exchange (NDAQ), and Euronext(OTCPK:EUXTF).\nOur base case valuation is based on 31.2x the company's sales of $1.3 billion in 2020. This P/S multiple is based on 5x the average P/S multiple of its peers including Intercontinental Exchange, Nasdaq Exchange, and Euronext. The peers are trading at an average P/S multiple of 6.2x in 2020. Our reasoning of applying a 5x higher P/S multiple on Coinbase versus its peers is because Coinbase's sales growth in 2020 was 5x higher (139.4% YoY) than the average sales growth rate of its peers (27.9% YoY).\nNonetheless, applying a 31.2x P/S multiple on Coinbase's 2020 sales may even be generous as Coinbase's business model which mainly involves Bitcoin and Ethereum which are exposed to higher volatility, uncertainties, and regulatory risks as compared to ICE, Nasdaq, and Euronext.\nIn addition, the combined market caps of ICE, Nasdaq Exchange, and Euronext are $94 billion which is less than the recent private market valuation of nearly $100 billion for Coinbase. We find it hard to digest how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.\nOverall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation. As such, we think that the prudent investor should avoid this direct listing of Coinbase if indeed it is priced at nearly $100 billion. Despite the numerous positive factors (such as surging sales growth and turn to profitability), it is difficult to argue for a valuation of nearly $100 billion for Coinbase, which would represent a whopping 78x P/S multiple (using 2020 sales).\nEven the company has pointed out in its prospectus that Bitcoin has experienced four major cycles since its launch (the fourth cycle is still ongoing). We would argue that for the prudent investors, there is no rush to buy Coinbase while Bitcoin price is near at its all time highs. The prudent investor should wait until there is a major correction in the Bitcoin price to see how the Coinbase's financials are able to withstand such correction.\nIn addition, we would argue that as the Bitcoin and crypto trading become more mainstream, the trading fees for the cryptos will go down much more significantly, which is likely to negatively impact Coinbase.\n\nCoinbase Income Statement Analysis\nCoinbase generated sales of $1.3 billion in 2020 (up 139.4% YoY). It also had an operating profit of $409 million in 2020, from an operating loss of $45.8 million in 2019. Coinbase generates nearly all of its revenues from commissions and fees. Transaction revenue represented over 96% of its net revenue in 2020. The company's revenues are highly impacted by the changing crypto prices. Therefore, we would argue that the company's sales and profit growth in 2020 is highly impacted by the surging crypto prices and in the evident of a major downturn in crypto prices, the company's results are bound to deteriorate significantly.\nSince late 2018, the company has launched a range of subscription products and services such as Store, Stake, and Borrow & Lend in order to diversify its revenue stream and reduce its reliance on transaction fees. However, they currently remain a minor portion of the company's revenues.\nThe improvement in the operating margins was due to the surging sales growth and a decline in total operating expenses as a percentage of sales which declined from 108.6% in 2019 to 68% in 2020. Among the major operating expenses, the biggest improvements have come from the transaction expense, technology & development, and general & admin expenses. The transaction expense as a percentage of sales declined from 15.4% in 2019 to 10.6% in 2020. The general & admin expenses as a percentage of sales also declined significantly from 43.5% in 2019 to 21.9% in 2020.\nAlthough the company has done a good job in increasing sales and profits in 2020, they were driven at a period when crypto prices rallied strongly. The company faces a major risk of significant decline in sales and profit growth if the crypto prices decline materially.\n\nSource: Author, from Company data\nSource: Author, from Company data\nSource: Author, from Company data\nCoinbase (Key Business Metrics and Financial Measures)\nThe key business metrics for the company include items including verified users, monthly transacting users, assets on platform, and trading volume. These figures show sharply increasing growth rates and are provided for the last two years. We would argue that the company is subject to big declines in these key business metrics' growth rates if there are sharp declines in crypto prices in the next several years.\nVerified users- The company had 43 million verified users at the end of 2020, up 34.4% YoY.\nMonthly transacting users (MTU)- The company defines MTU as a retail user who transacts in one or more products on its platform at least once during the rolling 28-day period ending on the date of measurement. MTUs increased from 1 million in 2019 to 2.8 million in 2020, up 180% YoY.\nAssets on platform- Assets on platform are highly impacted by the changing crypto prices. From December 31, 2017 to December 31, 2018, Bitcoin and Ethereum prices declined 74% and 82%, respectively. During the same period, the company's assets on platform decreased by 73%.\nThe total market capitalization of crypto assets surged from less than $500 million at the end of 2012 to $782 billion at the end of 2020, representing a CAGR of over 150% during this period. At the end of 2020, Bitcoin, Ethereum, and other crypto assets represented 70%, 13%, and 13% of the company's assets on platform, respectively. Assets on platform surged from $16.9 billion at the end of 2019 to $90.3 billion at the end of 2020, up 432% YoY.\nTrading volume- Trading volume on the Coinbase exchange increased from $79.9 billion in 2019 to $193.1 billion in 2020, up 141.7% YoY.\n\nBitcoin Price Trend- There have been four major crypto asset price cycles since 2010, with each cycle lasting about two to four years. In the three price cycles prior to the current one, crypto prices have subsequently declined from each peak and settled at a trough higher than the prior peak.\nCrypto Market Capitalization vs. S&P 500- Prior to the start of the COVID-19 pandemic in 1Q 2019, there was not a really visible correlation between the S&P 500 and the crypto market capitalization. However, in the past year, there certainly has been a positive correlation between them. This presents a key risk factor for Coinbase since if there is a major downturn in the S&P 500, it could also drag along the crypto markets as well.\nCoinbase's market share in the crypto market capitalization increased from 4.5% in 2018 to 8.3% in 2019, and 11.1% in 2020. The company has done a really good job of taking away market share from its competitors.\nCompetition\nThe company faces competition from a wide range of competitors including both big and small companies. For retail users, it competes with firms such as Square(NYSE:SQ)and Robinhood (RBNHD). PayPal(NASDAQ:PYPL)also recently introduced crypto products and services. Binance, which is mostly focused on the crypto market, is also a major competitor. Other major competitors include Gemini, Bitstamp, and Kraken.\nThe top five crypto exchanges include Binance, Coinbase Pro, Huobi Global, Kraken, and Bitfinex. Among the top 10 cryptocurrency exchanges, globally, two of them are based in Korea including Bithumb and Coinone.\nComparisons of Coinbase, Kraken, and Binance\nThe comparisons of Coinbase, Kraken, and Binance suggest that while Coinbase is able to enjoy some higher pricing advantages than these other two leading players, this may be because many customers still are willing to pay higher prices for the quality of service and lack of security breaches. In our view, the competitors are likely to catch up to Coinbase in terms of these two factors as well as provide lower pricing for trading cryptos in the coming years which is likely to result in a more difficult competitive environment for Coinbase.\nCoinbase and Kraken are two of the leading crypto exchanges based in the United States. UnlikeCoinbase, Kraken charges flat fees on crypto purchases. The standard deposit fee for Kraken is $5. By offering flat fees, Kraken is trying to grab more institutional customers. Coinbase's service has a percentage based fee (of purchasing cryptos) that starts at 1.49% for bank transfers and the fees increase to 3.99% if debit or credit cards are used. Looking at the fees structures, it would appear that many institutional investors could be interested in the flat fees offered by Kraken but many retail investors that invest only small sums of money in cryptos may be more interested in Coinbase.\nOne of the major differences between Coinbase and Kraken is the digital wallets. Coinbase has completely separate services for the wallets and its crypto exchange (unlike Kraken), which provides a clear separation between the funds the customers would like to hold and the ones they would like to trade. However, at times, the transferring of funds between the exchange and the wallets remains a bit inconvenient. Overall, it appears that Coinbase has an easier user experience, especially among the new users in the crypto market. However, Kraken may be more convenient for more experienced institutional investors.\nThe trading fees for Kraken start at 0.16% for maker orders and 0.26% for taker orders. These fees are reduced as the customers' 30 days trading volume increases. At the lowest levels, Kraken customers can place free maker trades and 0.10% taker trades if they have a 30-day volume greater than$10 million.\nThe trading fees for Coinbase start at 0.5% for both taker and maker, which is much more expensive as compared to other leading exchanges. The trading fees for Coinbase decline as the customers increase their 30 day trading volume. Trading under $10,000 over a 30 day period means the customer will incur 0.5% trading fees. Once the customer reaches $1 billion or more, these fees are reduced to 0.04% for taker and 0.00% for maker. Overall, for most investors, Kraken would provide lower trading fees as compared to Coinbase.\nBinance also has a tiered trading fee structure and it has one of the most competitive trading fees structures in the market. For Binance, at the lowest volume levels, fees are 0.1% for both makers and takers and at the highest trade volume levels, the fees come down to 0.02% and 0.04% for makers and takers, respectively. In addition, the users can further reduce their trading fees by as much as 25% if they pay fees in Binance's native BNB token.\nWhy use Coinbase if it has higher fees than Binance and Kraken?Despite Coinbase having higher fees than Binance and Kraken, it appears that millions of people have flocked to using Coinbase mainly due to its better performance on 1) ease of use, 2) security, and 3) customer service. Many customers are willing to pay a bit extra on the trading fees that Coinbase charges due to is relative better performance on its strengths, especially the fact that Coinbase is often cited as the most user friendly.\nAlso, there have been several cases of hackers stealing cryptos from other smaller exchanges as well as from competitors such asKrakenin the past several years. Coinbase has successfully thwarted off attempts by the hackers to steal money from its accounts. Many customers of Coinbase believe that it is one of the safest cryptocurrency exchanges in the market.\n\nConclusion\nWe believe that the prudent investor would avoid the Coinbase direct listing if indeed the pricing is completed at a market cap of nearly $100 billion. Our base case valuation is $39.9 billion, which is nearly 60% discount to the recent private market valuation of about $100 billion.\nAt a valuation of nearly $100 billion, this would be more than the market caps of the three of the world's largest stock market/commodity exchanges including the Intercontinental Exchange, Nasdaq Exchange, and the Euronext which combined have $94 billion in market cap. We find it hard to understand how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349611660,"gmtCreate":1617601995950,"gmtModify":1704700719211,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Nice...","listText":"Nice...","text":"Nice...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349611660","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1 2021 Vehicle Production & Deliveries</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 Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353977338,"gmtCreate":1616458859524,"gmtModify":1704794303988,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578647329384410","authorIdStr":"3578647329384410"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353977338","repostId":"2121833121","repostType":2,"repost":{"id":"2121833121","pubTimestamp":1616389200,"share":"https://ttm.financial/m/news/2121833121?lang=&edition=fundamental","pubTime":"2021-03-22 13:00","market":"us","language":"en","title":"Apple Car Would Be Welcomed by This Parts Maker Pivoting to EVs","url":"https://stock-news.laohu8.com/highlight/detail?id=2121833121","media":"Bloomberg","summary":"(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco","content":"<html><body><p>(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion engines.</p>\n<p>Reports that Apple is working on a self-driving EV have ignited speculation about how the technology giant would pursue such a plan. Talks with carmakers including Hyundai Motor Co. have fizzled, perhaps due to reluctance to aid a disruptive new rival. But for automotive suppliers eager to unlock fresh revenue streams, it would be much-needed business.</p>\n<p>“An Apple car would certainly be an exciting development,” Vitesco Chief Executive Officer Andreas Wolf said in an interview. “The more EVs there are, the better.”</p>\n<p>Soon-to-be spun-off Vitesco can’t afford to be picky. Car-parts makers are under pressure as the industry shifts toward battery-powered vehicles, which require fewer parts than gasoline and diesel-powered cars. Volkswagen AG last week became Germany’s most valuable company after rapid-fire announcements on how it wants to supplant Tesla Inc. as the global electric leader. BMW AG shares surged after the manufacturer said it expects EVs to account for about half of sales by 2030.</p>\n<p>Legacy Assets</p>\n<p>The bolder plans suggest the end of the combustion engine is nearing. Vitesco identified sales worth 2.5 billion euros -- based on 2018 revenue -- linked to the making of parts like turbochargers and injectors that it plans to exit or discontinue. Finding buyers for these assets will be difficult, Wolf said ahead of a briefing with investors on Thursday.</p>\n<p>Vitesco seeks to shift about a third of its sales into components for so-called mild hybrids, plug-in hybrids and fully electric cars over the next three to five years, the CEO said. Many of its existing products, like engine controls, can also be deployed in EVs, he said.</p>\n<p>“No matter what’s coming, we have the full range of hybrid and EV products, and that’s our great advantage,” Wolf said. “We don’t focus on just <a href=\"https://laohu8.com/S/AONE\">one</a> specific technology but we cover all options.”</p>\n<p>Chip Shortage</p>\n<p>There’s still room for growth though. Powertrain sales fell 11% to about 7 billion euros ($8.3 billion) last year, according to Continental’s annual report, when the pandemic shuttered showrooms and factories.</p>\n<p>Like its peers, the business has been suffering from an industrywide shortage of semiconductors that’s disrupted automotive production. Initially, Vitesco expected bottlenecks to ease during the second quarter, but they may persist the entire year, Wolf said.</p>\n<p>Vitesco’s transition to becoming a separate company has dragged on since early 2019. Continental was already trailing competitors in separating new technologies from legacy operations when it delayed -- and then dropped -- plans to sell shares in Vitesco to the public. Europe’s second-biggest car-parts maker last week said it will push ahead with a spinoff in the second half of the year.</p>\n<p>Profit Push</p>\n<p>After the spinoff and subsequent listing is completed, Vitesco may consider cooperations to keep pace with the quickly developing EV market, Wolf said. One potential partner is Schaeffler AG, the German ball-bearings maker that owns a 46% stake in Continental, he said.</p>\n<p>After Vitesco struggled for years to lift profitability, Wolf said he’s convinced that returns will rise after the company exits unprofitable businesses and improves the development and production of electric-car components while generating solid returns in sensors and electronics.</p>\n<p>Vitesco’s financial footing is “very, very solid,” and goes beyond expenses related to the turnaround and investments in future technologies, he said.</p>\n<p>For more articles like this, please visit us at bloomberg.com</p>\n<p>Subscribe now to stay ahead with the most trusted business news source.</p>\n<p>©2021 Bloomberg L.P.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Car Would Be Welcomed by This Parts Maker Pivoting to EVs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Car Would Be Welcomed by This Parts Maker Pivoting to EVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-car-welcomed-parts-maker-050000166.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-car-welcomed-parts-maker-050000166.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","AAPL":"苹果","09086":"华夏纳指-U"},"source_url":"https://finance.yahoo.com/news/apple-car-welcomed-parts-maker-050000166.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2121833121","content_text":"(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion engines.\nReports that Apple is working on a self-driving EV have ignited speculation about how the technology giant would pursue such a plan. Talks with carmakers including Hyundai Motor Co. have fizzled, perhaps due to reluctance to aid a disruptive new rival. But for automotive suppliers eager to unlock fresh revenue streams, it would be much-needed business.\n“An Apple car would certainly be an exciting development,” Vitesco Chief Executive Officer Andreas Wolf said in an interview. “The more EVs there are, the better.”\nSoon-to-be spun-off Vitesco can’t afford to be picky. Car-parts makers are under pressure as the industry shifts toward battery-powered vehicles, which require fewer parts than gasoline and diesel-powered cars. Volkswagen AG last week became Germany’s most valuable company after rapid-fire announcements on how it wants to supplant Tesla Inc. as the global electric leader. BMW AG shares surged after the manufacturer said it expects EVs to account for about half of sales by 2030.\nLegacy Assets\nThe bolder plans suggest the end of the combustion engine is nearing. Vitesco identified sales worth 2.5 billion euros -- based on 2018 revenue -- linked to the making of parts like turbochargers and injectors that it plans to exit or discontinue. Finding buyers for these assets will be difficult, Wolf said ahead of a briefing with investors on Thursday.\nVitesco seeks to shift about a third of its sales into components for so-called mild hybrids, plug-in hybrids and fully electric cars over the next three to five years, the CEO said. Many of its existing products, like engine controls, can also be deployed in EVs, he said.\n“No matter what’s coming, we have the full range of hybrid and EV products, and that’s our great advantage,” Wolf said. “We don’t focus on just one specific technology but we cover all options.”\nChip Shortage\nThere’s still room for growth though. Powertrain sales fell 11% to about 7 billion euros ($8.3 billion) last year, according to Continental’s annual report, when the pandemic shuttered showrooms and factories.\nLike its peers, the business has been suffering from an industrywide shortage of semiconductors that’s disrupted automotive production. Initially, Vitesco expected bottlenecks to ease during the second quarter, but they may persist the entire year, Wolf said.\nVitesco’s transition to becoming a separate company has dragged on since early 2019. Continental was already trailing competitors in separating new technologies from legacy operations when it delayed -- and then dropped -- plans to sell shares in Vitesco to the public. Europe’s second-biggest car-parts maker last week said it will push ahead with a spinoff in the second half of the year.\nProfit Push\nAfter the spinoff and subsequent listing is completed, Vitesco may consider cooperations to keep pace with the quickly developing EV market, Wolf said. One potential partner is Schaeffler AG, the German ball-bearings maker that owns a 46% stake in Continental, he said.\nAfter Vitesco struggled for years to lift profitability, Wolf said he’s convinced that returns will rise after the company exits unprofitable businesses and improves the development and production of electric-car components while generating solid returns in sensors and electronics.\nVitesco’s financial footing is “very, very solid,” and goes beyond expenses related to the turnaround and investments in future technologies, he said.\nFor more articles like this, please visit us at bloomberg.com\nSubscribe now to stay ahead with the most trusted business news source.\n©2021 Bloomberg L.P.","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":198618236,"gmtCreate":1620955149625,"gmtModify":1704351049308,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198618236","repostId":"2135553676","repostType":4,"repost":{"id":"2135553676","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1620955080,"share":"https://ttm.financial/m/news/2135553676?lang=&edition=fundamental","pubTime":"2021-05-14 09:18","market":"us","language":"en","title":"Jobless Americans in at least 16 states could get a rude awakening","url":"https://stock-news.laohu8.com/highlight/detail?id=2135553676","media":"Dow Jones","summary":"Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,'","content":"<p>Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,' said Stephen Wandner, a senior fellow at the National Academy of Social Insurance</p><p>Pressure is building in some states to pull the plug on enhanced federal unemployment benefits.</p><p>Since the onset of the pandemic, every state has accepted federal unemployment aid that enabled them to distribute benefits to out-of-work people who normally would not qualify for them. States have also been handing out extra federal benefits -- including an additional $600 a week at <a href=\"https://laohu8.com/S/AONE\">one</a> point -- to all unemployed workers on top of their state benefits.</p><p>These enhanced unemployment benefits were set to expire in September, but a growing number of states want to end them sooner in part because of mounting complaints from employers who cannot fill job vacancies because, they say, overly generous federal unemployment benefits are keeping would-be workers at home.</p><p>Last month, the U.S. added some 266,000 jobs -- far below the 1 million jobs economists were forecasting. Meanwhile, there are more than 8 million unfilled positions in the U.S ., according to the Department of Labor's Job Openings and Labor Turnover Survey.</p><p>But initial jobless claims dropped to a pandemic low of 473,000  last week, the DOL reported on Thursday.</p><p>President Joe Biden acknowledged  that \"some employers are having trouble filling jobs,\" when he spoke about the jobs report last week.  But when asked if enhanced unemployment benefits kept some workers from returning to work he said, \"No, nothing measurable.\"</p><p>Pulling the plug on federal unemployment benefit programs, which were originally enacted under the CARES Act in April 2020, when some 23 million Americans were out of work, will encourage more Americans to seek out employment opportunities, some economists and policymakers hold.</p><p>***And employers in the 16 states that are opting out of federal unemployment benefits programs -- Alabama, Arizona, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, North Dakota, Ohio, South Carolina,  South Dakota, Tennessee, Utah and Wyoming -- won't have to raise wages to compete with unemployment benefits that in some cases exceed their state's minimum wage.***</p><p>But some research suggests that doing away with federal unemployment benefits may also have <a href=\"https://laohu8.com/S/AONE.U\">one</a> big unintended consequence -- people could become more frugal with their money.</p><p>When federal benefits were cut to $300 from $600, total spending in 15 Illinois counties declined by 5%</p><p>After federal unemployment benefits were halved from $600 to $300, the total consumer spending levels across 15 counties in Illinois dropped by 5%, according to a paper titled \"The Effect of Fiscal Stimulus: Evidence from COVID-19\"  that was circulated by the National Bureau of Economic Research in August.</p><p>The authors of the paper -- who are professors at the University of Pennsylvania, University of Chicago, Illinois State University, New York University and Ohio State University -- published a revised version of the paper two months ago.</p><p>Researchers compared workers' wages before the pandemic to what they were receiving in unemployment benefits during the pandemic using data provided by the Illinois unemployment insurance system. They used aggregated data from several private companies to estimate debit and credit-card spending.</p><p>If individual spending levels declined by 5% as a result of lowering the benefits to $300 a week, it would hardly be headline-worthy, said Julia Lane, a professor at NYU's Wagner Graduate School of Public Service, and an author of the study.</p><p>But a 5% drop in total spending at the county level is \"quite high,\" she said.</p><p>Consumer spending is the lifeblood of the economy, representing about 70% of all U.S. gross domestic product . If consumer spending dropped by 5% nationwide it would mean a \"massive\" downturn in GDP, Lane told MarketWatch.</p><p>Total consumer spending would likely decline by a smaller percentage across every county in the U.S. once the $300 supplemental unemployment benefit expires for every jobless American in September, Lane said. That's because far more people were unemployed when the study was conducted than right now.</p><p>But \"in addition to losing the vital purchasing power workers have in their local and state economies, they are also being forced further into poverty by losing the ability to support their families, secure housing, food and more,\" said Alexa Tapia, an expert in unemployment benefits at the National Employment Law Project, an advocacy organization focused on workers' rights.</p><p>Of all the government spending programs, unemployment benefits have one of the biggest 'bangs for their buck'</p><p>For every dollar spent on unemployment insurance, there's a multiplier effect leading to a 1.64 increase in GDP , according to a 2008 study published by Mark Zandi, chief economist at Moody's Analytics.</p><p>Meanwhile, for every dollar spent on infrastructure projects such as President Joe Biden's $2.3 trillion American Jobs Plan, U.S. GDP could be expected to increase by a multiple of 1.59.</p><p>***Without the extra $300 a week benefit, jobless Americans in Alabama, Arizona, Arkansas, Georgia, Mississippi, Missouri, South Carolina and Tennessee, where average state weekly benefits are below $300, will see their total benefits shrink by more than half.***</p><p>Gig workers, independent contractors and self-employed workers across all of the 16 states could stop receiving unemployment benefits altogether.</p><p>These workers \"will be desperate to keep body and soul together,\" said Stephen Wandner, a senior fellow at the National Academy of Social Insurance. \"There will be a behavioral change,\" he added, predicting that more people will apply to jobs once they're cut off from unemployment benefits.</p><p>\"We don't know how big a change there will be,\" Wandner, a former actuary at the U.S. Labor Department, said, adding that \"the states that are doing this will be disappointed\" because it won't incentivize as many people as they'd probably like to go back to work.</p><p>More than 4 million Americans aren't working because they're afraid of contracting coronavirus, according to data  from the latest U.S. Census Bureau's Household Pulse Survey that was published on April 7. Another 8 million people indicated that they couldn't work because they were caring for a child or elderly person.</p><p>But some business leaders say enhanced unemployment benefits are keeping people from applying for jobs.</p><p>For example, in Mississippi, the state with the lowest cost of living , where the maximum weekly unemployment benefit is $235, the extra $300 a week in federal benefits \"is significant,\" said Douglas Holmes, president of UWC Strategic Services on Unemployment &amp; Workers' Compensation, a trade group representing the business community on unemployment insurance matters.</p><p>In fact, it's such a significant amount for Mississippians that it will likely impact \"their willingness to go back to work on top of concerns about COVID\" after June 12, when Mississippians will no longer receive federal benefits under an order the state's Republican Gov. Tate Reeves signed earlier this week , Holmes told MarketWatch.</p><p>\"There are certain circumstances in which the additional $300 a week could be the thing that a rational person looks at and says, 'I'm not going to take that job because I can make enough on unemployment to wait for the next better job,'\" Holmes said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jobless Americans in at least 16 states could get a rude awakening</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\">\nJobless Americans in at least 16 states could get a rude awakening\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-14 09:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,' said Stephen Wandner, a senior fellow at the National Academy of Social Insurance</p><p>Pressure is building in some states to pull the plug on enhanced federal unemployment benefits.</p><p>Since the onset of the pandemic, every state has accepted federal unemployment aid that enabled them to distribute benefits to out-of-work people who normally would not qualify for them. States have also been handing out extra federal benefits -- including an additional $600 a week at <a href=\"https://laohu8.com/S/AONE\">one</a> point -- to all unemployed workers on top of their state benefits.</p><p>These enhanced unemployment benefits were set to expire in September, but a growing number of states want to end them sooner in part because of mounting complaints from employers who cannot fill job vacancies because, they say, overly generous federal unemployment benefits are keeping would-be workers at home.</p><p>Last month, the U.S. added some 266,000 jobs -- far below the 1 million jobs economists were forecasting. Meanwhile, there are more than 8 million unfilled positions in the U.S ., according to the Department of Labor's Job Openings and Labor Turnover Survey.</p><p>But initial jobless claims dropped to a pandemic low of 473,000  last week, the DOL reported on Thursday.</p><p>President Joe Biden acknowledged  that \"some employers are having trouble filling jobs,\" when he spoke about the jobs report last week.  But when asked if enhanced unemployment benefits kept some workers from returning to work he said, \"No, nothing measurable.\"</p><p>Pulling the plug on federal unemployment benefit programs, which were originally enacted under the CARES Act in April 2020, when some 23 million Americans were out of work, will encourage more Americans to seek out employment opportunities, some economists and policymakers hold.</p><p>***And employers in the 16 states that are opting out of federal unemployment benefits programs -- Alabama, Arizona, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, North Dakota, Ohio, South Carolina,  South Dakota, Tennessee, Utah and Wyoming -- won't have to raise wages to compete with unemployment benefits that in some cases exceed their state's minimum wage.***</p><p>But some research suggests that doing away with federal unemployment benefits may also have <a href=\"https://laohu8.com/S/AONE.U\">one</a> big unintended consequence -- people could become more frugal with their money.</p><p>When federal benefits were cut to $300 from $600, total spending in 15 Illinois counties declined by 5%</p><p>After federal unemployment benefits were halved from $600 to $300, the total consumer spending levels across 15 counties in Illinois dropped by 5%, according to a paper titled \"The Effect of Fiscal Stimulus: Evidence from COVID-19\"  that was circulated by the National Bureau of Economic Research in August.</p><p>The authors of the paper -- who are professors at the University of Pennsylvania, University of Chicago, Illinois State University, New York University and Ohio State University -- published a revised version of the paper two months ago.</p><p>Researchers compared workers' wages before the pandemic to what they were receiving in unemployment benefits during the pandemic using data provided by the Illinois unemployment insurance system. They used aggregated data from several private companies to estimate debit and credit-card spending.</p><p>If individual spending levels declined by 5% as a result of lowering the benefits to $300 a week, it would hardly be headline-worthy, said Julia Lane, a professor at NYU's Wagner Graduate School of Public Service, and an author of the study.</p><p>But a 5% drop in total spending at the county level is \"quite high,\" she said.</p><p>Consumer spending is the lifeblood of the economy, representing about 70% of all U.S. gross domestic product . If consumer spending dropped by 5% nationwide it would mean a \"massive\" downturn in GDP, Lane told MarketWatch.</p><p>Total consumer spending would likely decline by a smaller percentage across every county in the U.S. once the $300 supplemental unemployment benefit expires for every jobless American in September, Lane said. That's because far more people were unemployed when the study was conducted than right now.</p><p>But \"in addition to losing the vital purchasing power workers have in their local and state economies, they are also being forced further into poverty by losing the ability to support their families, secure housing, food and more,\" said Alexa Tapia, an expert in unemployment benefits at the National Employment Law Project, an advocacy organization focused on workers' rights.</p><p>Of all the government spending programs, unemployment benefits have one of the biggest 'bangs for their buck'</p><p>For every dollar spent on unemployment insurance, there's a multiplier effect leading to a 1.64 increase in GDP , according to a 2008 study published by Mark Zandi, chief economist at Moody's Analytics.</p><p>Meanwhile, for every dollar spent on infrastructure projects such as President Joe Biden's $2.3 trillion American Jobs Plan, U.S. GDP could be expected to increase by a multiple of 1.59.</p><p>***Without the extra $300 a week benefit, jobless Americans in Alabama, Arizona, Arkansas, Georgia, Mississippi, Missouri, South Carolina and Tennessee, where average state weekly benefits are below $300, will see their total benefits shrink by more than half.***</p><p>Gig workers, independent contractors and self-employed workers across all of the 16 states could stop receiving unemployment benefits altogether.</p><p>These workers \"will be desperate to keep body and soul together,\" said Stephen Wandner, a senior fellow at the National Academy of Social Insurance. \"There will be a behavioral change,\" he added, predicting that more people will apply to jobs once they're cut off from unemployment benefits.</p><p>\"We don't know how big a change there will be,\" Wandner, a former actuary at the U.S. Labor Department, said, adding that \"the states that are doing this will be disappointed\" because it won't incentivize as many people as they'd probably like to go back to work.</p><p>More than 4 million Americans aren't working because they're afraid of contracting coronavirus, according to data  from the latest U.S. Census Bureau's Household Pulse Survey that was published on April 7. Another 8 million people indicated that they couldn't work because they were caring for a child or elderly person.</p><p>But some business leaders say enhanced unemployment benefits are keeping people from applying for jobs.</p><p>For example, in Mississippi, the state with the lowest cost of living , where the maximum weekly unemployment benefit is $235, the extra $300 a week in federal benefits \"is significant,\" said Douglas Holmes, president of UWC Strategic Services on Unemployment &amp; Workers' Compensation, a trade group representing the business community on unemployment insurance matters.</p><p>In fact, it's such a significant amount for Mississippians that it will likely impact \"their willingness to go back to work on top of concerns about COVID\" after June 12, when Mississippians will no longer receive federal benefits under an order the state's Republican Gov. Tate Reeves signed earlier this week , Holmes told MarketWatch.</p><p>\"There are certain circumstances in which the additional $300 a week could be the thing that a rational person looks at and says, 'I'm not going to take that job because I can make enough on unemployment to wait for the next better job,'\" Holmes said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135553676","content_text":"Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,' said Stephen Wandner, a senior fellow at the National Academy of Social InsurancePressure is building in some states to pull the plug on enhanced federal unemployment benefits.Since the onset of the pandemic, every state has accepted federal unemployment aid that enabled them to distribute benefits to out-of-work people who normally would not qualify for them. States have also been handing out extra federal benefits -- including an additional $600 a week at one point -- to all unemployed workers on top of their state benefits.These enhanced unemployment benefits were set to expire in September, but a growing number of states want to end them sooner in part because of mounting complaints from employers who cannot fill job vacancies because, they say, overly generous federal unemployment benefits are keeping would-be workers at home.Last month, the U.S. added some 266,000 jobs -- far below the 1 million jobs economists were forecasting. Meanwhile, there are more than 8 million unfilled positions in the U.S ., according to the Department of Labor's Job Openings and Labor Turnover Survey.But initial jobless claims dropped to a pandemic low of 473,000  last week, the DOL reported on Thursday.President Joe Biden acknowledged  that \"some employers are having trouble filling jobs,\" when he spoke about the jobs report last week.  But when asked if enhanced unemployment benefits kept some workers from returning to work he said, \"No, nothing measurable.\"Pulling the plug on federal unemployment benefit programs, which were originally enacted under the CARES Act in April 2020, when some 23 million Americans were out of work, will encourage more Americans to seek out employment opportunities, some economists and policymakers hold.***And employers in the 16 states that are opting out of federal unemployment benefits programs -- Alabama, Arizona, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, North Dakota, Ohio, South Carolina,  South Dakota, Tennessee, Utah and Wyoming -- won't have to raise wages to compete with unemployment benefits that in some cases exceed their state's minimum wage.***But some research suggests that doing away with federal unemployment benefits may also have one big unintended consequence -- people could become more frugal with their money.When federal benefits were cut to $300 from $600, total spending in 15 Illinois counties declined by 5%After federal unemployment benefits were halved from $600 to $300, the total consumer spending levels across 15 counties in Illinois dropped by 5%, according to a paper titled \"The Effect of Fiscal Stimulus: Evidence from COVID-19\"  that was circulated by the National Bureau of Economic Research in August.The authors of the paper -- who are professors at the University of Pennsylvania, University of Chicago, Illinois State University, New York University and Ohio State University -- published a revised version of the paper two months ago.Researchers compared workers' wages before the pandemic to what they were receiving in unemployment benefits during the pandemic using data provided by the Illinois unemployment insurance system. They used aggregated data from several private companies to estimate debit and credit-card spending.If individual spending levels declined by 5% as a result of lowering the benefits to $300 a week, it would hardly be headline-worthy, said Julia Lane, a professor at NYU's Wagner Graduate School of Public Service, and an author of the study.But a 5% drop in total spending at the county level is \"quite high,\" she said.Consumer spending is the lifeblood of the economy, representing about 70% of all U.S. gross domestic product . If consumer spending dropped by 5% nationwide it would mean a \"massive\" downturn in GDP, Lane told MarketWatch.Total consumer spending would likely decline by a smaller percentage across every county in the U.S. once the $300 supplemental unemployment benefit expires for every jobless American in September, Lane said. That's because far more people were unemployed when the study was conducted than right now.But \"in addition to losing the vital purchasing power workers have in their local and state economies, they are also being forced further into poverty by losing the ability to support their families, secure housing, food and more,\" said Alexa Tapia, an expert in unemployment benefits at the National Employment Law Project, an advocacy organization focused on workers' rights.Of all the government spending programs, unemployment benefits have one of the biggest 'bangs for their buck'For every dollar spent on unemployment insurance, there's a multiplier effect leading to a 1.64 increase in GDP , according to a 2008 study published by Mark Zandi, chief economist at Moody's Analytics.Meanwhile, for every dollar spent on infrastructure projects such as President Joe Biden's $2.3 trillion American Jobs Plan, U.S. GDP could be expected to increase by a multiple of 1.59.***Without the extra $300 a week benefit, jobless Americans in Alabama, Arizona, Arkansas, Georgia, Mississippi, Missouri, South Carolina and Tennessee, where average state weekly benefits are below $300, will see their total benefits shrink by more than half.***Gig workers, independent contractors and self-employed workers across all of the 16 states could stop receiving unemployment benefits altogether.These workers \"will be desperate to keep body and soul together,\" said Stephen Wandner, a senior fellow at the National Academy of Social Insurance. \"There will be a behavioral change,\" he added, predicting that more people will apply to jobs once they're cut off from unemployment benefits.\"We don't know how big a change there will be,\" Wandner, a former actuary at the U.S. Labor Department, said, adding that \"the states that are doing this will be disappointed\" because it won't incentivize as many people as they'd probably like to go back to work.More than 4 million Americans aren't working because they're afraid of contracting coronavirus, according to data  from the latest U.S. Census Bureau's Household Pulse Survey that was published on April 7. Another 8 million people indicated that they couldn't work because they were caring for a child or elderly person.But some business leaders say enhanced unemployment benefits are keeping people from applying for jobs.For example, in Mississippi, the state with the lowest cost of living , where the maximum weekly unemployment benefit is $235, the extra $300 a week in federal benefits \"is significant,\" said Douglas Holmes, president of UWC Strategic Services on Unemployment & Workers' Compensation, a trade group representing the business community on unemployment insurance matters.In fact, it's such a significant amount for Mississippians that it will likely impact \"their willingness to go back to work on top of concerns about COVID\" after June 12, when Mississippians will no longer receive federal benefits under an order the state's Republican Gov. Tate Reeves signed earlier this week , Holmes told MarketWatch.\"There are certain circumstances in which the additional $300 a week could be the thing that a rational person looks at and says, 'I'm not going to take that job because I can make enough on unemployment to wait for the next better job,'\" Holmes said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192033054,"gmtCreate":1621128959278,"gmtModify":1704353079523,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Latest&nbsp;","listText":"Latest&nbsp;","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192033054","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","pubTimestamp":1621004581,"share":"https://ttm.financial/m/news/1163454382?lang=&edition=fundamental","pubTime":"2021-05-14 23:03","market":"us","language":"en","title":"Why AMC Entertainment Stock Jumped Again Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1163454382","media":"Motley Fool","summary":"AMC investors have reason for more optimism on the heels of another capital raise.Yesterday's jump came after the company announcedit raised $428 million. First, the Centers for Disease Control and Prevention  issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.This should allow theaters to open back up at full capacity and be a desirable destination for vaccinat","content":"<blockquote>\n <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>\n</blockquote>\n<p><b>What happened</b></p>\n<p>A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p>\n<p><b>So what</b></p>\n<p>Yesterday's jump came after the company announcedit raised $428 million</p>\n<p>First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p>\n<p>This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p>\n<p><b>Now what</b></p>\n<p>Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p>\n<p>Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC Entertainment Stock Jumped Again Friday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC Entertainment Stock Jumped Again Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163454382","content_text":"AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company announcedit raised $428 million\nFirst, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.\nThis should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,Walt Disney(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.\nNow what\nLower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.\nVaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347111306,"gmtCreate":1618474345305,"gmtModify":1704711378278,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347111306","repostId":"1150469902","repostType":4,"repost":{"id":"1150469902","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":1618447631,"share":"https://ttm.financial/m/news/1150469902?lang=&edition=fundamental","pubTime":"2021-04-15 08:47","market":"us","language":"en","title":"KKR-backed AppLovin raises $2 billion in IPO -source","url":"https://stock-news.laohu8.com/highlight/detail?id=1150469902","media":"Reuters","summary":"U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at","content":"<p>U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at the mid-point of its target range to raise $2 billion, a person familiar with the matter said on Wednesday.</p>\n<p>AppLovin, which is backed by private equity giant KKR &amp; Co Inc, priced 25 million shares at $80 per share, the source said. It had set an IPO target range of $75 to $85 per share.</p>\n<p>The IPO values AppLovin at $28.6 billion.</p>\n<p>The source requested not to be identified ahead of an official announcement. AppLovin did not immediately respond to a request for comment.</p>\n<p>The Palo Alto, California-based company is the latest player in the mobile gaming industry to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.</p>\n<p>In the past 12 months, the likes of Playtika Holding Corp, Roblox Corp and Unity Software Inc have gone public.</p>\n<p>The IPO represents a big windfall for KKR, which acquired a minority stake in AppLovin in 2018 for $400 million, in a deal which valued the company at $2 billion.</p>\n<p>AppLovin abandoned plans to sell itself to Chinese buyout firm Orient Hontai Capital in 2017. A U.S. national security panel shot down the $1.4 billion deal on data security worries.</p>\n<p>AppLovin now has over 410 million daily active users on its platform and its apps consist of more than 200 free-to-play mobile games, including Word Connect, Slap Kings and Bingo Story.</p>\n<p>The company’s shares are scheduled to begin trading on Nasdaq on Thursday under the symbol “APP”.</p>\n<p>Morgan Stanley, JPMorgan, KKR, BofA Securities and Citigroup were among the underwriters of the IPO.</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>KKR-backed AppLovin raises $2 billion in IPO -source</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\">\nKKR-backed AppLovin raises $2 billion in IPO -source\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\">2021-04-15 08:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at the mid-point of its target range to raise $2 billion, a person familiar with the matter said on Wednesday.</p>\n<p>AppLovin, which is backed by private equity giant KKR &amp; Co Inc, priced 25 million shares at $80 per share, the source said. It had set an IPO target range of $75 to $85 per share.</p>\n<p>The IPO values AppLovin at $28.6 billion.</p>\n<p>The source requested not to be identified ahead of an official announcement. AppLovin did not immediately respond to a request for comment.</p>\n<p>The Palo Alto, California-based company is the latest player in the mobile gaming industry to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.</p>\n<p>In the past 12 months, the likes of Playtika Holding Corp, Roblox Corp and Unity Software Inc have gone public.</p>\n<p>The IPO represents a big windfall for KKR, which acquired a minority stake in AppLovin in 2018 for $400 million, in a deal which valued the company at $2 billion.</p>\n<p>AppLovin abandoned plans to sell itself to Chinese buyout firm Orient Hontai Capital in 2017. A U.S. national security panel shot down the $1.4 billion deal on data security worries.</p>\n<p>AppLovin now has over 410 million daily active users on its platform and its apps consist of more than 200 free-to-play mobile games, including Word Connect, Slap Kings and Bingo Story.</p>\n<p>The company’s shares are scheduled to begin trading on Nasdaq on Thursday under the symbol “APP”.</p>\n<p>Morgan Stanley, JPMorgan, KKR, BofA Securities and Citigroup were among the underwriters of the IPO.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150469902","content_text":"U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at the mid-point of its target range to raise $2 billion, a person familiar with the matter said on Wednesday.\nAppLovin, which is backed by private equity giant KKR & Co Inc, priced 25 million shares at $80 per share, the source said. It had set an IPO target range of $75 to $85 per share.\nThe IPO values AppLovin at $28.6 billion.\nThe source requested not to be identified ahead of an official announcement. AppLovin did not immediately respond to a request for comment.\nThe Palo Alto, California-based company is the latest player in the mobile gaming industry to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.\nIn the past 12 months, the likes of Playtika Holding Corp, Roblox Corp and Unity Software Inc have gone public.\nThe IPO represents a big windfall for KKR, which acquired a minority stake in AppLovin in 2018 for $400 million, in a deal which valued the company at $2 billion.\nAppLovin abandoned plans to sell itself to Chinese buyout firm Orient Hontai Capital in 2017. A U.S. national security panel shot down the $1.4 billion deal on data security worries.\nAppLovin now has over 410 million daily active users on its platform and its apps consist of more than 200 free-to-play mobile games, including Word Connect, Slap Kings and Bingo Story.\nThe company’s shares are scheduled to begin trading on Nasdaq on Thursday under the symbol “APP”.\nMorgan Stanley, JPMorgan, KKR, BofA Securities and Citigroup were among the underwriters of the IPO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344835791,"gmtCreate":1618394835613,"gmtModify":1704710134606,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Got to buy this stock","listText":"Got to buy this stock","text":"Got to buy this stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/344835791","repostId":"2127454000","repostType":4,"repost":{"id":"2127454000","pubTimestamp":1618364092,"share":"https://ttm.financial/m/news/2127454000?lang=&edition=fundamental","pubTime":"2021-04-14 09:34","market":"us","language":"en","title":"Coinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=2127454000","media":"MarketWatch","summary":"'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--wil","content":"<p>'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--will likely see dramatic, potentially protracted, swings,' MoffettNathanson's Ellis writes</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a8244209cb653b4d9e43e2d729863b9\" tg-width=\"620\" tg-height=\"414\" referrerpolicy=\"no-referrer\"><span>Here comes the Coinbase IPO! Photographer: Tiffany Hagler-Geard/Bloomberg</span></p><p>Coinbase is the talk of Wall Street, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange Wednesday, through a direct listing.</p><p>There is no doubt that the public offering of Coinbase is a big deal in the world of crypto. The company was created just over a decade ago with the genesis of bitcoin  and is now in the midst of a moment that many in the industry have described as a tipping point .</p><p>There are few ways to get direct ownership of crypto currencies, outside of buying them directly, a service that Coinbase provides for a fee, and what investors appear willing to be pay up for.</p><p>Leeor Shimron, analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. \"Coinbase's direct listing is a watershed moment for the crypto industry.\"</p><p>Wedbush analyst Dan Ives said the listing is a reflection of the crypto's mainstream evolution.</p><p>\"Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years in our opinion,\" he wrote in a research note Tuesday.</p><p>Some caution that the implied valuations for Coinbase as a crypto exchange are too lofty , the parent company of the New York Stock Exchange.</p><p>In a direct listing, a company floats its shares on a stock exchange, but without hiring banks to underwrite the transaction, like in an IPO.</p><p>Here's what you need to know about the coming offering.</p><p><b>What is Coinbase?</b></p><p>The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform as chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.</p><p>According to Forbes , Armstrong's networth is currently $6.5 billion based on his ownership in the company and his wealth is likely to increase if the direct listing goes off successfully.</p><p><b>When will Coinbase go public?</b></p><p>Coinbase will list on April 14. The precise timing of the list isn't clear but <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a>'s (PLTR)direct listing   after 1:30 p.m. Eastern Time.</p><p><b>Where will it list?</b></p><p>Coinbase is set to go public on the Nasdaq under the ticker symbol \"COIN\" as a direct listing, meaning it isn't raising any new money, as a company would under a traditional IPO.</p><p>Coinbase is the Nasdaq's first major direct listing, with Spotify <a href=\"https://laohu8.com/S/SPOT\">$(SPOT)$</a>, <a href=\"https://laohu8.com/S/WORK\">Slack Technologies</a> (WORK) and most recently Palantir Technologies (PLTR) all opting to directly list at the NYSE.</p><p><b>Valuations?</b></p><p>Valuations for Coinbase vary from $50 billion to $150 billion based on some decentralized crypto platforms that attempt to replicate how the company's shares might trade. At the top end of the spectrum, Coinbase would be bigger than a number of U.S. exchanges, including ICE, Nasdaq, CME Group <a href=\"https://laohu8.com/S/CME\">$(CME)$</a> and Cboe Global Markets <a href=\"https://laohu8.com/S/CBOE\">$(CBOE)$</a>.</p><p><img src=\"https://static.tigerbbs.com/d2200134a14a3d37a8a656d85f6906c0\" tg-width=\"955\" tg-height=\"657\" referrerpolicy=\"no-referrer\"></p><p>David Trainer, CEO of New Constructs, an investment research firm, said the crypto platform's value is ridiculously high. \"Even though Coinbase's revenue surged over the past 12 months, the company has little-to-no-chance of meeting the future profit expectations that are baked into its ridiculously high expected valuation of $100 billion,\" he said.</p><p>\"Coinbase's expected valuation of $100 billion implies that its revenue will be 1.5x the combined 2020 revenues of two of the most established exchanges in the marketplace, Nasdaq Inc. <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> and Intercontinental Exchange <a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>, the parent company of the New York Stock Exchange,\" he said.</p><p>Trainer said that based on his calculation, Coinbase's valuation should be closer to $18.9 billion--an 81% decrease from the $100 billion expected valuation.</p><p><b>'Not for the faint of heart'</b></p><p>MoffettNathanson analyst Lisa Ellis explained to MarketWatch why the offering is, as she describes it \"not for the faint of heart,\" but why she initiated coverage of the exchange at a buy with a price-target of $600, even before it sees its first trade on the Nasdaq.</p><p>\"I'm super super bullish on Coinbase...because you get the sense that they are a market leader in the space and crypto agnostic,\" she said.</p><p>That said, she acknowledges that currently 90% of Coinbase's revenues are derived directly from retail trading, with most in the U.S. and trading centered primarily on the two largest cryptos: bitcoin and Ether  on the ethereum blockchain.</p><p>\"So the implications is that Coinbase's revenues are correlated with the level of activity in cryto currency and especially bitcoin and ether.\"</p><p>Ellis says investors need to have at least a one-year long-term investment strategy in bitcoin, which could still go to zero by some bearish accounts, but a three-year outlook is even better, because the crypto complex has tended to operate in three-year cycles of boom and then bust.</p><p><b>Validation for crypto or a top?</b></p><p>Some bulls see Coinbase as validation for the nascent crpyto industry.</p><p>Alex Mashinsky, head of crypto-lending and trading platform Celsius Network, put it this way:</p><p>\"We look at the Coinbase listing as an additional validation of the space, and a major PR opportunity for the entire industry to shine as the future of finance,\" he told MarketWatch via email.</p><p>\"Coinbase has more users and more revenues than many of the largest Wall Street players and is more profitable than any major exchange, and this validation puts most skeptics at a crossroads having to re-evaluate their denial and frustration with the disruption coming at them from all sides.\"</p><p>Others suggest that it may prove a new top for the market and put crypto prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin.</p><p>Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux &amp; Co., told MarketWatch that he is fearful that too much euphoria surrounds bitcoin and crypto and sees it due for a retrenchment as a result. \"Can you find out-there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" said Lamoureux.</p><p><b>Is Coinbase the largest crypto exchange?</b></p><p>Coinbase is the second-largest crypto platform, but the largest in the U.S., by volume. The title of largest goes to Binance, which sees $47 billion in crypto trading volume in a 24-hour period, according to CoinMarketCap.com .</p><p><b>Who else owns Coinbase?</b></p><p>Venture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares  and 14%% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase's board.</p><p><b>Other facts</b></p><p>For those aiming for an even deeper dive into Coinbase, check out MarketWatch's <a href=\"https://laohu8.com/NW/2116458171\" target=\"_blank\">5 things to know about the company</a>.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase IPO: Everything you need to know about the ‘watershed moment’ in crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-14 09:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/coinbase-ipo-everything-you-need-to-know-about-the-watershed-moment-in-crypto-11618350086?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--will likely see dramatic, potentially protracted, swings,' MoffettNathanson's Ellis writesHere comes ...</p>\n\n<a href=\"https://www.marketwatch.com/story/coinbase-ipo-everything-you-need-to-know-about-the-watershed-moment-in-crypto-11618350086?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":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.marketwatch.com/story/coinbase-ipo-everything-you-need-to-know-about-the-watershed-moment-in-crypto-11618350086?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127454000","content_text":"'That said, investing in Coinbase is not for the faint of heart, as the business--and the stock--will likely see dramatic, potentially protracted, swings,' MoffettNathanson's Ellis writesHere comes the Coinbase IPO! Photographer: Tiffany Hagler-Geard/BloombergCoinbase is the talk of Wall Street, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange Wednesday, through a direct listing.There is no doubt that the public offering of Coinbase is a big deal in the world of crypto. The company was created just over a decade ago with the genesis of bitcoin  and is now in the midst of a moment that many in the industry have described as a tipping point .There are few ways to get direct ownership of crypto currencies, outside of buying them directly, a service that Coinbase provides for a fee, and what investors appear willing to be pay up for.Leeor Shimron, analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. \"Coinbase's direct listing is a watershed moment for the crypto industry.\"Wedbush analyst Dan Ives said the listing is a reflection of the crypto's mainstream evolution.\"Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of Bitcoin and crypto for the coming years in our opinion,\" he wrote in a research note Tuesday.Some caution that the implied valuations for Coinbase as a crypto exchange are too lofty , the parent company of the New York Stock Exchange.In a direct listing, a company floats its shares on a stock exchange, but without hiring banks to underwrite the transaction, like in an IPO.Here's what you need to know about the coming offering.What is Coinbase?The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform as chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.According to Forbes , Armstrong's networth is currently $6.5 billion based on his ownership in the company and his wealth is likely to increase if the direct listing goes off successfully.When will Coinbase go public?Coinbase will list on April 14. The precise timing of the list isn't clear but Palantir Technologies Inc.'s (PLTR)direct listing   after 1:30 p.m. Eastern Time.Where will it list?Coinbase is set to go public on the Nasdaq under the ticker symbol \"COIN\" as a direct listing, meaning it isn't raising any new money, as a company would under a traditional IPO.Coinbase is the Nasdaq's first major direct listing, with Spotify $(SPOT)$, Slack Technologies (WORK) and most recently Palantir Technologies (PLTR) all opting to directly list at the NYSE.Valuations?Valuations for Coinbase vary from $50 billion to $150 billion based on some decentralized crypto platforms that attempt to replicate how the company's shares might trade. At the top end of the spectrum, Coinbase would be bigger than a number of U.S. exchanges, including ICE, Nasdaq, CME Group $(CME)$ and Cboe Global Markets $(CBOE)$.David Trainer, CEO of New Constructs, an investment research firm, said the crypto platform's value is ridiculously high. \"Even though Coinbase's revenue surged over the past 12 months, the company has little-to-no-chance of meeting the future profit expectations that are baked into its ridiculously high expected valuation of $100 billion,\" he said.\"Coinbase's expected valuation of $100 billion implies that its revenue will be 1.5x the combined 2020 revenues of two of the most established exchanges in the marketplace, Nasdaq Inc. $(NDAQ)$ and Intercontinental Exchange $(ICE)$, the parent company of the New York Stock Exchange,\" he said.Trainer said that based on his calculation, Coinbase's valuation should be closer to $18.9 billion--an 81% decrease from the $100 billion expected valuation.'Not for the faint of heart'MoffettNathanson analyst Lisa Ellis explained to MarketWatch why the offering is, as she describes it \"not for the faint of heart,\" but why she initiated coverage of the exchange at a buy with a price-target of $600, even before it sees its first trade on the Nasdaq.\"I'm super super bullish on Coinbase...because you get the sense that they are a market leader in the space and crypto agnostic,\" she said.That said, she acknowledges that currently 90% of Coinbase's revenues are derived directly from retail trading, with most in the U.S. and trading centered primarily on the two largest cryptos: bitcoin and Ether  on the ethereum blockchain.\"So the implications is that Coinbase's revenues are correlated with the level of activity in cryto currency and especially bitcoin and ether.\"Ellis says investors need to have at least a one-year long-term investment strategy in bitcoin, which could still go to zero by some bearish accounts, but a three-year outlook is even better, because the crypto complex has tended to operate in three-year cycles of boom and then bust.Validation for crypto or a top?Some bulls see Coinbase as validation for the nascent crpyto industry.Alex Mashinsky, head of crypto-lending and trading platform Celsius Network, put it this way:\"We look at the Coinbase listing as an additional validation of the space, and a major PR opportunity for the entire industry to shine as the future of finance,\" he told MarketWatch via email.\"Coinbase has more users and more revenues than many of the largest Wall Street players and is more profitable than any major exchange, and this validation puts most skeptics at a crossroads having to re-evaluate their denial and frustration with the disruption coming at them from all sides.\"Others suggest that it may prove a new top for the market and put crypto prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin.Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he is fearful that too much euphoria surrounds bitcoin and crypto and sees it due for a retrenchment as a result. \"Can you find out-there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" said Lamoureux.Is Coinbase the largest crypto exchange?Coinbase is the second-largest crypto platform, but the largest in the U.S., by volume. The title of largest goes to Binance, which sees $47 billion in crypto trading volume in a 24-hour period, according to CoinMarketCap.com .Who else owns Coinbase?Venture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares  and 14%% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase's board.Other factsFor those aiming for an even deeper dive into Coinbase, check out MarketWatch's 5 things to know about the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192033601,"gmtCreate":1621128989503,"gmtModify":1704353080330,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Lastest","listText":"Lastest","text":"Lastest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192033601","repostId":"1173244066","repostType":4,"repost":{"id":"1173244066","pubTimestamp":1621004086,"share":"https://ttm.financial/m/news/1173244066?lang=&edition=fundamental","pubTime":"2021-05-14 22:54","market":"us","language":"en","title":"What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1173244066","media":"CNN","summary":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver ","content":"<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p>\n<p>The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p>\n<p>Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p>\n<p>Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p>\n<p>The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p>\n<p>DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p>\n<p>\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p>\n<p>Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p>\n<p>The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p>\n<p>Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p>\n<p>Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p>\n<p><b>It could get easier to get a credit card without a credit score</b></p>\n<p>For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p>\n<p>Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p>\n<p>The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p>\n<p>Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p>\n<p>\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p>\n<p>The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p>\n<p>Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p>\n<p>The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p>\n<p>\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p>\n<p><b>Target will temporarily stop selling trading cards amid frenzy</b></p>\n<p>Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p>\n<p>The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p>\n<p>\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p>\n<p>The cards will still be available online, the company said.</p>\n<p>Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p>\n<p>Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p>\n<p>Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p>\n<p>\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p>\n<p><b>Up next</b></p>\n<p>Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p>\n<p>Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Disney, Airbnb and DoorDash results reveal about the post-pandemic economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html\">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","ABNB":"爱彼迎","DASH":"DoorDash, Inc."},"source_url":"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173244066","content_text":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?\nAirbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.\nAirbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.\nThe company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.\nDoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.\n\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.\nDisney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.\nThe company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.\nDown but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.\nWhether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.\nIt could get easier to get a credit card without a credit score\nFor years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.\nTen banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.\nThe push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.\nShould the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.\n\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.\nThe backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.\nBanks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.\nThe business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.\n\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.\nTarget will temporarily stop selling trading cards amid frenzy\nTarget (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.\nThe details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.\n\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"\nThe cards will still be available online, the company said.\nRemember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.\nTarget previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.\nWalmart (WMT), for its part, said it will keep selling cards in stores for now.\n\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.\nUp next\nData on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.\nComing next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.","news_type":1},"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349611660,"gmtCreate":1617601995950,"gmtModify":1704700719211,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Nice...","listText":"Nice...","text":"Nice...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349611660","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1 2021 Vehicle Production & Deliveries</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 Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192038017,"gmtCreate":1621129065139,"gmtModify":1704353082425,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Hmmmmmm","listText":"Hmmmmmm","text":"Hmmmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192038017","repostId":"2135069756","repostType":4,"repost":{"id":"2135069756","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1621000800,"share":"https://ttm.financial/m/news/2135069756?lang=&edition=fundamental","pubTime":"2021-05-14 22:00","market":"us","language":"en","title":"Afraid Of Inflation? Four Ways To Protect Your Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2135069756","media":"Investors","summary":"The scare of inflation is threatening the S&P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio.","content":"<p>The scare of inflation is threatening the S&amp;P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio. And that's if you should worry at all.</p>\n<p>It turns out S&amp;P 500 sectors follow a fairly predictable playbook in times of rising prices. If you're worried about inflation, S&amp;P 500 sectors like energy, materials and real estate provide some safety, analysts say. \"Investors have used the threat of a spike in inflation, and now the confirmation from ... surprise strength in headline and core Consumer Price Index readings, to take profits in stocks,\" said Sam Stovall, strategist at CFRA.</p>\n<p>But knowing the facts goes a long way in dealing with any potential market shocks, including inflation.</p>\n<h3>Know The Reality In Inflation Numbers</h3>\n<p>It's important to understand what inflation numbers are truly telling you before you panic. It seems like many S&amp;P 500 investors calmed down after digging into inflation numbers more closely. The world's most popular index jumped more than 1.2% Thursday, making up the bulk of Wednesday's 2% freak-out sell-off.</p>\n<p>At first glance, inflation numbers looked scary. The 4.2% jump in headline inflation and 3% rise in core inflation was much more than anyone thought. Core inflation hasn't jumped that fast on a year-over-year basis since 2008, Stovall says.</p>\n<p>But a big piece of the rise is due to the 21% jump in annualized used vehicle prices, says Nicholas Colas, co-founder of DataTrek Research. And that jump is due to new vehicle shortages arising from a shortage in semiconductors. Backing out this short-term disruption, headline inflation was a much more normal 3.6%, he says. Meanwhile, the unusual 49.6% jump in April gasoline prices added to the distortion.</p>\n<p>The inflation number \"just doesn't hold up to scrutiny as a warning bell about inflation,\" Colas said.</p>\n<h3>Understand How The S&amp;P 500 Reacts To Inflation</h3>\n<p>Out-of-control inflation is widely feared. But times of lingering 5%-plus annual inflation are rare. Only twice since 1928 has U.S. inflation lingered: 1941 through 1951 and 1969 to 1982, Colas found.</p>\n<p>Were these periods devastating for the S&amp;P 500? Hardly. The S&amp;P 500 jumped 310% from 1941 to 1951, that's 121.1% adjusted for inflation, Colas found. Even in the 1969-to-1982 period, seen as a terrible time for inflation, the S&amp;P 500 actually rose 176%. Yes, that's a loss of 11.6% adjusted for inflation, but it's hardly catastrophic especially for those who enjoyed the 1980s bull.</p>\n<p>Inflation itself doesn't steer the S&amp;P 500. The reason for inflation matters more. Prices rose in the 1940s for \"good reasons\" like an post-war boom, Colas said. But in the 1970s, energy price hikes were largely a tax on the economy.</p>\n<p>\"Markets are volatile because they're not sure which sort of inflation we have at present, or what (if anything) the Federal Reserve may do to bring inflation down,\" Colas said. \"That's enough uncertainty to create the volatility we're seeing, but not enough to say equities will necessarily underperform inflation in the years to come.\"</p>\n<h3>Look To The 1970s For S&amp;P 500 Clues (But Not Gospel)</h3>\n<p>S&amp;P 500 investors like to look back at the 1970s for a playbook for inflation. And it wasn't pretty, but it's not as devastating as many think either. And there were actually places to make big gains.</p>\n<p>During the 1970s, the S&amp;P 500 posted an average monthly loss of 0.3%, Stovall says. But over the entire period, the S&amp;P 500 rose 17.2%. That's just 1.6% annualized, or a fraction of the S&amp;P 500's typical 10% yearly return. S&amp;P sectors, though, hold clues or how markets can shift, Stovall says.</p>\n<p>It turns out even during the \"bad\" inflation of the 1970s, only <a href=\"https://laohu8.com/S/AONE\">one</a> of the 11 S&amp;P 500 sectors fell on an average monthly basis. That sole loser was financials, which lost 0.8% monthly on average during the 1970s.</p>\n<p>So where where the places to be? S&amp;P 50 energy, materials and real estate all posted average monthly gains of 1% or higher during the 1970s, Stovall says. Materials company <b>Nucor</b> gained 2,830% during the 1970s. That's more than any current S&amp;P 500 members did at the time. Meanwhile, energy firms <b>Schlumberger</b> and <b>Baker Hughes</b> jumped 1,032% and 856%, respectively, during the 1970s.</p>\n<table>\n <thead>\n  <tr>\n   <th>Sector</th>\n   <th>Average monthly return during the 1970s</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Energy</td>\n   <td>1.6%</td>\n  </tr>\n  <tr>\n   <td>Materials</td>\n   <td>1.4</td>\n  </tr>\n  <tr>\n   <td>Real Estate</td>\n   <td>1.2</td>\n  </tr>\n  <tr>\n   <td>Communications Services</td>\n   <td>0.9</td>\n  </tr>\n  <tr>\n   <td>Information Technology</td>\n   <td>0.7</td>\n  </tr>\n  <tr>\n   <td>Industrials</td>\n   <td>0.6</td>\n  </tr>\n  <tr>\n   <td>Consumer Discretionary</td>\n   <td>0.3</td>\n  </tr>\n  <tr>\n   <td>Utilities</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Health Care</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Consumer Staples</td>\n   <td>0</td>\n  </tr>\n  <tr>\n   <td>Financials</td>\n   <td>-0.8</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500</td>\n   <td>-0.3</td>\n  </tr>\n </tbody>\n</table>\n<h5>Source: CFRA</h5>\n<h3>Don't Overlook S&amp;P 500 Commodity Strength</h3>\n<p>Digging deeper still, Stovall found robust gains in many commodities markets, even in the inflation-plagued 1970s.</p>\n<p>Gold and precious metals companies in the S&amp;P 500 posted average monthly gains of 3.9% in the 1970s. And aluminum companies rose 2% monthly followed by oil and gas drilling at 1.8%. And to some degree, investors are already nibbling on these areas. The Energy Select Sector SPDR is up 36.7% this year. That's the top run of any S&amp;P 500 sector. Meanwhile, the Materials Select Sector SPDR is up 20% year to date.</p>\n<p>Know, too, simply owning the S&amp;P 500 may not offer great exposure to areas that held up to inflation before. These sectors hold small weights in the S&amp;P 500. Energy holds just a 2.9% weight in the S&amp;P 500. Meanwhile, materials account for 2.9% and real estate 2.5%. ETFs can fill in the gaps.</p>\n<p>ETFs and exchange-traded notes, too, can offer inflation protection. The $60 billion in assets SPDR Gold Trust moves with the price of gold. The $3 billion in assets United States Oil Fund tracks the price of crude oil. And the <a href=\"https://laohu8.com/S/EEME\">iShares</a> TIPS Bond ETF tracks U.S. Treasuries, adjusted for inflation.</p>\n<p>But just know inflation, alone, doesn't determine S&amp;P 500 returns. \"Inflation is just <a href=\"https://laohu8.com/S/AONE.U\">one</a> input into equity prices and returns, and on its own it explains very little about how stocks will do over the longer term,\" Colas says.</p>\n<h3>Top S&amp;P 500 Stocks In The 1970s</h3>\n<table>\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Symbol</th>\n   <th>70's % ch.</th>\n   <th>Stock YTD % ch.</th>\n   <th>Sector</th>\n   <th>Composite Rating</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Nucor</td>\n   <td></td>\n   <td>2,830.3%</td>\n   <td>89.5%</td>\n   <td>Materials</td>\n   <td>99</td>\n  </tr>\n  <tr>\n   <td>Schlumberger</td>\n   <td></td>\n   <td>1,031.7%</td>\n   <td>45.5%</td>\n   <td>Energy</td>\n   <td>72</td>\n  </tr>\n  <tr>\n   <td>Baker Hughes</td>\n   <td></td>\n   <td>856.4%</td>\n   <td>16.8%</td>\n   <td>Energy</td>\n   <td>78</td>\n  </tr>\n  <tr>\n   <td>Archer Daniels Midland</td>\n   <td></td>\n   <td>742.5%</td>\n   <td>33.2%</td>\n   <td>Consumer Staples</td>\n   <td>90</td>\n  </tr>\n  <tr>\n   <td>Teleflex</td>\n   <td></td>\n   <td>597.3%</td>\n   <td>-4.7%</td>\n   <td>Health Care</td>\n   <td>45</td>\n  </tr>\n  <tr>\n   <td>General Dynamics</td>\n   <td></td>\n   <td>445.0%</td>\n   <td>28.5%</td>\n   <td>Industrials</td>\n   <td>65</td>\n  </tr>\n  <tr>\n   <td>Boeing</td>\n   <td></td>\n   <td>440.0%</td>\n   <td>4.0%</td>\n   <td>Industrials</td>\n   <td>35</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/HFC\">HollyFrontier</a></td>\n   <td></td>\n   <td>427.3%</td>\n   <td>31.1%</td>\n   <td>Energy</td>\n   <td>42</td>\n  </tr>\n  <tr>\n   <td>Halliburton</td>\n   <td></td>\n   <td>417.8%</td>\n   <td>18.4%</td>\n   <td>Energy</td>\n   <td>63</td>\n  </tr>\n  <tr>\n   <td>Tyler Technologies</td>\n   <td></td>\n   <td>347.3%</td>\n   <td>-11.3%</td>\n   <td>Information Technology</td>\n   <td>45</td>\n  </tr>\n </tbody>\n</table>\n<h5>Sources: IBD, S&amp;P Global Market Intelligence</h5>","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>Afraid Of Inflation? Four Ways To Protect Your 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\">\nAfraid Of Inflation? Four Ways To Protect Your Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-05-14 22:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The scare of inflation is threatening the S&amp;P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio. And that's if you should worry at all.</p>\n<p>It turns out S&amp;P 500 sectors follow a fairly predictable playbook in times of rising prices. If you're worried about inflation, S&amp;P 500 sectors like energy, materials and real estate provide some safety, analysts say. \"Investors have used the threat of a spike in inflation, and now the confirmation from ... surprise strength in headline and core Consumer Price Index readings, to take profits in stocks,\" said Sam Stovall, strategist at CFRA.</p>\n<p>But knowing the facts goes a long way in dealing with any potential market shocks, including inflation.</p>\n<h3>Know The Reality In Inflation Numbers</h3>\n<p>It's important to understand what inflation numbers are truly telling you before you panic. It seems like many S&amp;P 500 investors calmed down after digging into inflation numbers more closely. The world's most popular index jumped more than 1.2% Thursday, making up the bulk of Wednesday's 2% freak-out sell-off.</p>\n<p>At first glance, inflation numbers looked scary. The 4.2% jump in headline inflation and 3% rise in core inflation was much more than anyone thought. Core inflation hasn't jumped that fast on a year-over-year basis since 2008, Stovall says.</p>\n<p>But a big piece of the rise is due to the 21% jump in annualized used vehicle prices, says Nicholas Colas, co-founder of DataTrek Research. And that jump is due to new vehicle shortages arising from a shortage in semiconductors. Backing out this short-term disruption, headline inflation was a much more normal 3.6%, he says. Meanwhile, the unusual 49.6% jump in April gasoline prices added to the distortion.</p>\n<p>The inflation number \"just doesn't hold up to scrutiny as a warning bell about inflation,\" Colas said.</p>\n<h3>Understand How The S&amp;P 500 Reacts To Inflation</h3>\n<p>Out-of-control inflation is widely feared. But times of lingering 5%-plus annual inflation are rare. Only twice since 1928 has U.S. inflation lingered: 1941 through 1951 and 1969 to 1982, Colas found.</p>\n<p>Were these periods devastating for the S&amp;P 500? Hardly. The S&amp;P 500 jumped 310% from 1941 to 1951, that's 121.1% adjusted for inflation, Colas found. Even in the 1969-to-1982 period, seen as a terrible time for inflation, the S&amp;P 500 actually rose 176%. Yes, that's a loss of 11.6% adjusted for inflation, but it's hardly catastrophic especially for those who enjoyed the 1980s bull.</p>\n<p>Inflation itself doesn't steer the S&amp;P 500. The reason for inflation matters more. Prices rose in the 1940s for \"good reasons\" like an post-war boom, Colas said. But in the 1970s, energy price hikes were largely a tax on the economy.</p>\n<p>\"Markets are volatile because they're not sure which sort of inflation we have at present, or what (if anything) the Federal Reserve may do to bring inflation down,\" Colas said. \"That's enough uncertainty to create the volatility we're seeing, but not enough to say equities will necessarily underperform inflation in the years to come.\"</p>\n<h3>Look To The 1970s For S&amp;P 500 Clues (But Not Gospel)</h3>\n<p>S&amp;P 500 investors like to look back at the 1970s for a playbook for inflation. And it wasn't pretty, but it's not as devastating as many think either. And there were actually places to make big gains.</p>\n<p>During the 1970s, the S&amp;P 500 posted an average monthly loss of 0.3%, Stovall says. But over the entire period, the S&amp;P 500 rose 17.2%. That's just 1.6% annualized, or a fraction of the S&amp;P 500's typical 10% yearly return. S&amp;P sectors, though, hold clues or how markets can shift, Stovall says.</p>\n<p>It turns out even during the \"bad\" inflation of the 1970s, only <a href=\"https://laohu8.com/S/AONE\">one</a> of the 11 S&amp;P 500 sectors fell on an average monthly basis. That sole loser was financials, which lost 0.8% monthly on average during the 1970s.</p>\n<p>So where where the places to be? S&amp;P 50 energy, materials and real estate all posted average monthly gains of 1% or higher during the 1970s, Stovall says. Materials company <b>Nucor</b> gained 2,830% during the 1970s. That's more than any current S&amp;P 500 members did at the time. Meanwhile, energy firms <b>Schlumberger</b> and <b>Baker Hughes</b> jumped 1,032% and 856%, respectively, during the 1970s.</p>\n<table>\n <thead>\n  <tr>\n   <th>Sector</th>\n   <th>Average monthly return during the 1970s</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Energy</td>\n   <td>1.6%</td>\n  </tr>\n  <tr>\n   <td>Materials</td>\n   <td>1.4</td>\n  </tr>\n  <tr>\n   <td>Real Estate</td>\n   <td>1.2</td>\n  </tr>\n  <tr>\n   <td>Communications Services</td>\n   <td>0.9</td>\n  </tr>\n  <tr>\n   <td>Information Technology</td>\n   <td>0.7</td>\n  </tr>\n  <tr>\n   <td>Industrials</td>\n   <td>0.6</td>\n  </tr>\n  <tr>\n   <td>Consumer Discretionary</td>\n   <td>0.3</td>\n  </tr>\n  <tr>\n   <td>Utilities</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Health Care</td>\n   <td>0.1</td>\n  </tr>\n  <tr>\n   <td>Consumer Staples</td>\n   <td>0</td>\n  </tr>\n  <tr>\n   <td>Financials</td>\n   <td>-0.8</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500</td>\n   <td>-0.3</td>\n  </tr>\n </tbody>\n</table>\n<h5>Source: CFRA</h5>\n<h3>Don't Overlook S&amp;P 500 Commodity Strength</h3>\n<p>Digging deeper still, Stovall found robust gains in many commodities markets, even in the inflation-plagued 1970s.</p>\n<p>Gold and precious metals companies in the S&amp;P 500 posted average monthly gains of 3.9% in the 1970s. And aluminum companies rose 2% monthly followed by oil and gas drilling at 1.8%. And to some degree, investors are already nibbling on these areas. The Energy Select Sector SPDR is up 36.7% this year. That's the top run of any S&amp;P 500 sector. Meanwhile, the Materials Select Sector SPDR is up 20% year to date.</p>\n<p>Know, too, simply owning the S&amp;P 500 may not offer great exposure to areas that held up to inflation before. These sectors hold small weights in the S&amp;P 500. Energy holds just a 2.9% weight in the S&amp;P 500. Meanwhile, materials account for 2.9% and real estate 2.5%. ETFs can fill in the gaps.</p>\n<p>ETFs and exchange-traded notes, too, can offer inflation protection. The $60 billion in assets SPDR Gold Trust moves with the price of gold. The $3 billion in assets United States Oil Fund tracks the price of crude oil. And the <a href=\"https://laohu8.com/S/EEME\">iShares</a> TIPS Bond ETF tracks U.S. Treasuries, adjusted for inflation.</p>\n<p>But just know inflation, alone, doesn't determine S&amp;P 500 returns. \"Inflation is just <a href=\"https://laohu8.com/S/AONE.U\">one</a> input into equity prices and returns, and on its own it explains very little about how stocks will do over the longer term,\" Colas says.</p>\n<h3>Top S&amp;P 500 Stocks In The 1970s</h3>\n<table>\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Symbol</th>\n   <th>70's % ch.</th>\n   <th>Stock YTD % ch.</th>\n   <th>Sector</th>\n   <th>Composite Rating</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>Nucor</td>\n   <td></td>\n   <td>2,830.3%</td>\n   <td>89.5%</td>\n   <td>Materials</td>\n   <td>99</td>\n  </tr>\n  <tr>\n   <td>Schlumberger</td>\n   <td></td>\n   <td>1,031.7%</td>\n   <td>45.5%</td>\n   <td>Energy</td>\n   <td>72</td>\n  </tr>\n  <tr>\n   <td>Baker Hughes</td>\n   <td></td>\n   <td>856.4%</td>\n   <td>16.8%</td>\n   <td>Energy</td>\n   <td>78</td>\n  </tr>\n  <tr>\n   <td>Archer Daniels Midland</td>\n   <td></td>\n   <td>742.5%</td>\n   <td>33.2%</td>\n   <td>Consumer Staples</td>\n   <td>90</td>\n  </tr>\n  <tr>\n   <td>Teleflex</td>\n   <td></td>\n   <td>597.3%</td>\n   <td>-4.7%</td>\n   <td>Health Care</td>\n   <td>45</td>\n  </tr>\n  <tr>\n   <td>General Dynamics</td>\n   <td></td>\n   <td>445.0%</td>\n   <td>28.5%</td>\n   <td>Industrials</td>\n   <td>65</td>\n  </tr>\n  <tr>\n   <td>Boeing</td>\n   <td></td>\n   <td>440.0%</td>\n   <td>4.0%</td>\n   <td>Industrials</td>\n   <td>35</td>\n  </tr>\n  <tr>\n   <td><a href=\"https://laohu8.com/S/HFC\">HollyFrontier</a></td>\n   <td></td>\n   <td>427.3%</td>\n   <td>31.1%</td>\n   <td>Energy</td>\n   <td>42</td>\n  </tr>\n  <tr>\n   <td>Halliburton</td>\n   <td></td>\n   <td>417.8%</td>\n   <td>18.4%</td>\n   <td>Energy</td>\n   <td>63</td>\n  </tr>\n  <tr>\n   <td>Tyler Technologies</td>\n   <td></td>\n   <td>347.3%</td>\n   <td>-11.3%</td>\n   <td>Information Technology</td>\n   <td>45</td>\n  </tr>\n </tbody>\n</table>\n<h5>Sources: IBD, S&amp;P Global Market Intelligence</h5>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPY":"标普500ETF","OEX":"标普100"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135069756","content_text":"The scare of inflation is threatening the S&P 500. But if you know what to expect, signs of rising prices aren't always kryptonite to your portfolio. And that's if you should worry at all.\nIt turns out S&P 500 sectors follow a fairly predictable playbook in times of rising prices. If you're worried about inflation, S&P 500 sectors like energy, materials and real estate provide some safety, analysts say. \"Investors have used the threat of a spike in inflation, and now the confirmation from ... surprise strength in headline and core Consumer Price Index readings, to take profits in stocks,\" said Sam Stovall, strategist at CFRA.\nBut knowing the facts goes a long way in dealing with any potential market shocks, including inflation.\nKnow The Reality In Inflation Numbers\nIt's important to understand what inflation numbers are truly telling you before you panic. It seems like many S&P 500 investors calmed down after digging into inflation numbers more closely. The world's most popular index jumped more than 1.2% Thursday, making up the bulk of Wednesday's 2% freak-out sell-off.\nAt first glance, inflation numbers looked scary. The 4.2% jump in headline inflation and 3% rise in core inflation was much more than anyone thought. Core inflation hasn't jumped that fast on a year-over-year basis since 2008, Stovall says.\nBut a big piece of the rise is due to the 21% jump in annualized used vehicle prices, says Nicholas Colas, co-founder of DataTrek Research. And that jump is due to new vehicle shortages arising from a shortage in semiconductors. Backing out this short-term disruption, headline inflation was a much more normal 3.6%, he says. Meanwhile, the unusual 49.6% jump in April gasoline prices added to the distortion.\nThe inflation number \"just doesn't hold up to scrutiny as a warning bell about inflation,\" Colas said.\nUnderstand How The S&P 500 Reacts To Inflation\nOut-of-control inflation is widely feared. But times of lingering 5%-plus annual inflation are rare. Only twice since 1928 has U.S. inflation lingered: 1941 through 1951 and 1969 to 1982, Colas found.\nWere these periods devastating for the S&P 500? Hardly. The S&P 500 jumped 310% from 1941 to 1951, that's 121.1% adjusted for inflation, Colas found. Even in the 1969-to-1982 period, seen as a terrible time for inflation, the S&P 500 actually rose 176%. Yes, that's a loss of 11.6% adjusted for inflation, but it's hardly catastrophic especially for those who enjoyed the 1980s bull.\nInflation itself doesn't steer the S&P 500. The reason for inflation matters more. Prices rose in the 1940s for \"good reasons\" like an post-war boom, Colas said. But in the 1970s, energy price hikes were largely a tax on the economy.\n\"Markets are volatile because they're not sure which sort of inflation we have at present, or what (if anything) the Federal Reserve may do to bring inflation down,\" Colas said. \"That's enough uncertainty to create the volatility we're seeing, but not enough to say equities will necessarily underperform inflation in the years to come.\"\nLook To The 1970s For S&P 500 Clues (But Not Gospel)\nS&P 500 investors like to look back at the 1970s for a playbook for inflation. And it wasn't pretty, but it's not as devastating as many think either. And there were actually places to make big gains.\nDuring the 1970s, the S&P 500 posted an average monthly loss of 0.3%, Stovall says. But over the entire period, the S&P 500 rose 17.2%. That's just 1.6% annualized, or a fraction of the S&P 500's typical 10% yearly return. S&P sectors, though, hold clues or how markets can shift, Stovall says.\nIt turns out even during the \"bad\" inflation of the 1970s, only one of the 11 S&P 500 sectors fell on an average monthly basis. That sole loser was financials, which lost 0.8% monthly on average during the 1970s.\nSo where where the places to be? S&P 50 energy, materials and real estate all posted average monthly gains of 1% or higher during the 1970s, Stovall says. Materials company Nucor gained 2,830% during the 1970s. That's more than any current S&P 500 members did at the time. Meanwhile, energy firms Schlumberger and Baker Hughes jumped 1,032% and 856%, respectively, during the 1970s.\n\n\n\nSector\nAverage monthly return during the 1970s\n\n\n\n\nEnergy\n1.6%\n\n\nMaterials\n1.4\n\n\nReal Estate\n1.2\n\n\nCommunications Services\n0.9\n\n\nInformation Technology\n0.7\n\n\nIndustrials\n0.6\n\n\nConsumer Discretionary\n0.3\n\n\nUtilities\n0.1\n\n\nHealth Care\n0.1\n\n\nConsumer Staples\n0\n\n\nFinancials\n-0.8\n\n\nS&P 500\n-0.3\n\n\n\nSource: CFRA\nDon't Overlook S&P 500 Commodity Strength\nDigging deeper still, Stovall found robust gains in many commodities markets, even in the inflation-plagued 1970s.\nGold and precious metals companies in the S&P 500 posted average monthly gains of 3.9% in the 1970s. And aluminum companies rose 2% monthly followed by oil and gas drilling at 1.8%. And to some degree, investors are already nibbling on these areas. The Energy Select Sector SPDR is up 36.7% this year. That's the top run of any S&P 500 sector. Meanwhile, the Materials Select Sector SPDR is up 20% year to date.\nKnow, too, simply owning the S&P 500 may not offer great exposure to areas that held up to inflation before. These sectors hold small weights in the S&P 500. Energy holds just a 2.9% weight in the S&P 500. Meanwhile, materials account for 2.9% and real estate 2.5%. ETFs can fill in the gaps.\nETFs and exchange-traded notes, too, can offer inflation protection. The $60 billion in assets SPDR Gold Trust moves with the price of gold. The $3 billion in assets United States Oil Fund tracks the price of crude oil. And the iShares TIPS Bond ETF tracks U.S. Treasuries, adjusted for inflation.\nBut just know inflation, alone, doesn't determine S&P 500 returns. \"Inflation is just one input into equity prices and returns, and on its own it explains very little about how stocks will do over the longer term,\" Colas says.\nTop S&P 500 Stocks In The 1970s\n\n\n\nCompany\nSymbol\n70's % ch.\nStock YTD % ch.\nSector\nComposite Rating\n\n\n\n\nNucor\n\n2,830.3%\n89.5%\nMaterials\n99\n\n\nSchlumberger\n\n1,031.7%\n45.5%\nEnergy\n72\n\n\nBaker Hughes\n\n856.4%\n16.8%\nEnergy\n78\n\n\nArcher Daniels Midland\n\n742.5%\n33.2%\nConsumer Staples\n90\n\n\nTeleflex\n\n597.3%\n-4.7%\nHealth Care\n45\n\n\nGeneral Dynamics\n\n445.0%\n28.5%\nIndustrials\n65\n\n\nBoeing\n\n440.0%\n4.0%\nIndustrials\n35\n\n\nHollyFrontier\n\n427.3%\n31.1%\nEnergy\n42\n\n\nHalliburton\n\n417.8%\n18.4%\nEnergy\n63\n\n\nTyler Technologies\n\n347.3%\n-11.3%\nInformation Technology\n45\n\n\n\nSources: IBD, S&P Global Market Intelligence","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345844881,"gmtCreate":1618304286443,"gmtModify":1704708835919,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Got to buy the share when is out!!","listText":"Got to buy the share when is out!!","text":"Got to buy the share when is out!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345844881","repostId":"1194635432","repostType":4,"repost":{"id":"1194635432","pubTimestamp":1618236146,"share":"https://ttm.financial/m/news/1194635432?lang=&edition=fundamental","pubTime":"2021-04-12 22:02","market":"us","language":"en","title":"Can You Make Coin Investing In Coinbase?","url":"https://stock-news.laohu8.com/highlight/detail?id=1194635432","media":"seekingalpha","summary":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the ","content":"<p><b>Summary</b></p><ul><li>Coinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.</li><li>With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.</li><li>Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.</li><li>Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.</li></ul><p>I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?</p><p>At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.</p><p><b>Fundamental Risks 1: The US Regulatory Landscape</b></p><p>The US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.</p><p>Coinbase has the 2nd smallest coin listings</p><p>Coin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.</p><p>Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at &gt;20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.</p><p>SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)</p><p>In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.</p><p>XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.</p><p>Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.</p><p>Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.</p><p><img src=\"https://static.tigerbbs.com/5bf68da62452a794c5daaa60ac989840\" tg-width=\"554\" tg-height=\"576\" referrerpolicy=\"no-referrer\">Source: Table created by Author fromCoinMarketCap</p><p><b>Other Regulatory Risks</b></p><p>Regulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.</p><p>Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.</p><p>Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.</p><p><b>Fundamental Risk 2: Losing a Winner-Takes-All Market</b></p><p>There are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.</p><p>Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.</p><p>On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.</p><p>In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).</p><p>Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.</p><p>In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.</p><p><img src=\"https://static.tigerbbs.com/01ca6dafd2b567bd920c5e9f8edc8fbb\" tg-width=\"640\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Valuation</b></p><p>The tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.</p><p>Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.</p><p>Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.</p><p>Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.</p><p>Table 3:Coinbase's Revenue from 2016-2020<img src=\"https://static.tigerbbs.com/de8396c363230e04130e43f63d653956\" tg-width=\"640\" tg-height=\"231\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 4:Coinbase's Profit from 2016-2020<img src=\"https://static.tigerbbs.com/be2327ad800bd3524a3aaa57e3a0b17f\" tg-width=\"640\" tg-height=\"208\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p>Table 5:Coinbase's Historical Valuations<img src=\"https://static.tigerbbs.com/4b1fd86395ee1b0e38f1f6fd472f84bd\" tg-width=\"640\" tg-height=\"159\" referrerpolicy=\"no-referrer\">Source:BusinessofApps</p><p><b>Verdict</b></p><p>In my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.</p><p>The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.</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>Can You Make Coin Investing In Coinbase?</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\">\nCan You Make Coin Investing In Coinbase?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all ...</p>\n\n<a href=\"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4416527-coinbase-path-to-moon-will-be-bumpy-one","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1194635432","content_text":"SummaryCoinbase's current valuation is unjustified due to 2 fundamental risks: the hostility of the US regulatory landscape towards centralized exchanges, and the widening gap in a winner-takes-all market.With coin listings being one of the core competitive advantages of an exchange, Coinbase has the 2nd smallest coin listings among the top 10 exchanges as a result of regulations.Widening gap between Coinbase (ranked 2nd) and Binance (ranked 1st) in terms of coin listings and trading volume is evidence of a winner-takes-all market, Coinbase is on the losing side.Marginal revenue growth, decline in profitability, and decline in the overall growth stock valuations further plague Coinbase's investment value proposition.I remember the early days of cryptocurrency when Binance andCoinbase (COIN) were competing for the top spot as an exchange. If you've traded cryptocurrencies in the US, you have probably used or heard ofCoinbase. Now thatCoinbase is going public, should you invest in the company?At first glance, this investment value proposition seemed compelling since the overall cryptocurrency industry is growing rapidly. However, I have found evidence of 2 fundamental risks toCoinbase's growth that could not justify its current valuation and could even undermine its future growth. Recentreportsmay also express agreement asCoinbase's IPO valuation dropped from $100bn to $68bn.Fundamental Risks 1: The US Regulatory LandscapeThe US regulatory landscape is not friendly to centralized exchanges in a way that massively dampenedCoinbase's competitive advantages, one of which is coin listings.Coinbase has the 2nd smallest coin listingsCoin listing is one of the most crucial criteria for a trader/investor when choosing an exchange. Traders/investors require a large number of coin listings to speculate on small-cap altcoins for 10x-100x return. The more coins listed, the more opportunities and choices. I personally use several exchanges for this very reason other than unique features such as staking and etc. The 6 exchanges I use are Binance, Crypto.com, KuCoin, Bkex, PoloniEx, and MXC Pro.Why do I use multiple exchanges? Let me illustrate via an example. KuCoin listed Orion(NYSE:ORN)in July 2020 at $1, about 2 months earlier than Binance in October 2020. I bought ORN through KuCoin on its first day at $1.1 and staked it at >20% APY interest. When Binance announced it was listing ORN, its priced spiked upwards. On ORN's first trading day on Binance, ORN's price spiked up as high as $4++ (it is a common occurrence for a token to spike when it is listed in a new exchange). I redeemed my ORN from staking and sold it at $3.60. This transaction earned me more than 300% return. Therefore, the more coins listed, the more opportunities I'll have to replicate this particular transaction to other small-cap altcoins.SinceCoinbase's coin listing is small, traders/investors like myself will find it difficult to find these kinds of opportunities. Furthermore, many of the largest-cap coins are not listed onCoinbase. This is one of the main reasons why I did not useCoinbase; I theorize that many traders/investors like myself feel that way. (Let me know in the comments.)In a recent lawsuit, a man claiming to beCoinbase's client capitalized on the legal battle between Ripple Labs’ battle and U.S. Securities and Exchange Commission (SEC), suedCoinbase for selling XRP tokens and sought compensations and other relief. According to CoinMarketCap.com, XRP is no longer listed onCoinbase. However, it is listed on more than500 other centralized exchanges(excluding decentralized exchanges) that are much smaller thanCoinbase outside the US.XRP is the 7th biggest cryptocurrency by market cap as of the time of writing. Many other top cryptocurrencies are also not found onCoinbase, such as BNB (ranked 3rd), ADA (ranked 4th), DOT (ranked 6th). Amongthe 10 highest-rated centralized exchanges(refer to Table 1), only Bitstamp (18) offers fewer cryptocurrencies thanCoinbase (49), while the market leader (Binance) ledCoinbase by 700% in coin listings.Since regulation can directly affect coin listings, a competitive advantage of an exchange,Coinbase already faces overwhelming challenges to compete on this front alone.Table 1: Top 10 Spot Exchange Ranked by CoinMarketCap Ratings.Source: Table created by Author fromCoinMarketCapOther Regulatory RisksRegulatory risks extend beyond coin listings and the US.Coinbase offers its services to52 countries. If any of the 52 countries ban crypto assets, its revenue would be adversely affected. It is not uncommon for centralized exchanges to relocate to another country due to regulations. While India isplotting a move to ban cryptocurrencies, many exchanges apply forlicenses to move out from India.Statistically speaking, 108 exchangesshut downin 2020, compared to 81 in 2019. At least 3 are shut down by government(s) in 2020, and at least 2 in 2019.Although it seems unlikely for the US to follow China's and India's footsteps to drastically ban crypto-assets now, regulatory risks remain major risks toCoinbase.Fundamental Risk 2: Losing a Winner-Takes-All MarketThere are 2 types of crypto exchanges: centralized and decentralized. Both have pros and cons. The best known centralized exchange is Binance, while the best known decentralized exchange is Uniswap. Although centralized exchanges may require a license by a governing body, decentralized exchanges might not, as decentralized exchanges can have avarying degree of centralized components. Both centralized and decentralized exchanges have their respective roles in the crypto ecosystem, hence I think that both are here to stay.Many of the decentralized exchange source codes are open source (full listshere). In other words, virtually anyone can develop and host a decentralized exchange. This implies a shallow barrier to entry. Uniswap is the market leader in the decentralized exchange space. Itrecordedmore than $58bn volume in 2020, up 15,000% from 2019. Note that Uniswap wasfirst launchedin November 2018, compared toCoinbase in 2012.On the other hand, Binance, the market leader in the centralized exchange space, recorded a total of$1.417 trillion spot trading volume in 2020, an increase of 36% from 2019. This figure does not even include other trading volumes, such as options, futures, margin, and other services, which amounted to $1.7 trillion, a 2800% increase from 2019.In comparison,Coinbase only recorded $445bn total trading volume in 2020, a 39% increase in 2019. This is evidence that the market leader is pulling away, implying a winner-takes-all market. This becomes evident by referring to Table 1, where the market leader has more than 10 times the trading value than the 2nd place (Coinbase).Furthermore, many traditional financial, non-financial international corporations and fintech companies are also participating in the competition. One of the latest addition is ApplePay.ApplePaynow has official support for cryptocurrencies, with GooglePay and SamsungPay to follow suit. Other note-worthy companies include Square, Paypal, and Visa.In my opinion,Coinbase looks to be on the losing side if this market is indeed a winner-takes-all market. Further,Coinbase could be losing market more market share as more competition arises.Source:BusinessofAppsValuationThe tables below showed thatCoinbase's profit margin is healthy at 28% in 2020. Revenue growth rate compounds at approximately 7% annually from 2017-2020, but profits declined.Coinbase's valuation in 2017 remains the most attractive, at 1.725 P/S (Price-to-Sales ratio) and 4.21 P/E (Price-to-Earnings ratio). Earlier this month,Coinbase's IPO valuation is pegged at$100bn. However, recent reports indicated a decrease inCoinbase's IPO valuation to$68bn.At a valuation of $100bn and $68bn,Coinbase is valued at approximately 333 P/E and 211 P/E respectively, or approximately 87.7 P/S and 59.65 P/S respectively.Coinbase's valuation in 2020 is a far cry from 2017. Perhaps,Coinbase is pushing for its IPO to cash in on the overall stock market's high valuation.Nevertheless, considering the 2 fundamental risks outlined above, marginal revenue growth and declined profits,Coinbase is overvalued at the current valuation in my opinion. The current decline in growth stocks further deterioratesCoinbase's investment value proposition.Table 3:Coinbase's Revenue from 2016-2020Source:BusinessofAppsTable 4:Coinbase's Profit from 2016-2020Source:BusinessofAppsTable 5:Coinbase's Historical ValuationsSource:BusinessofAppsVerdictIn my opinion, the current valuation ofCoinbase couldn't be justified even though the crypto industry is growing rapidly in general. This is down toCoinbase's 2 fundamental risks outlined in this article, marginal growth, sky-high valuation, and the decline in the growth stocks.The reason I retain a neutral outlook onCoinbase is the overall outlook of the industry. On the other hand, we can participate in Binance, the market leader in the centralized exchange space, to maximize investment growth. Although Binance is not publicly traded, we can participate in its growth by buying its platform token (BNB).Binance uses part of its profitsto buy back its platform token (BNB)periodically. This results in a gradual increase in its token's price, a similar effect of shares buyback. Hence, I participate in Binance's growth by buying BNB, which saw a 670% YTD return.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324619087224840,"gmtCreate":1720282058949,"gmtModify":1720282065872,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUT/ALBmain\">$Alibaba - main 2407(ALBmain)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/FUT/ALBmain\">$Alibaba - main 2407(ALBmain)$ &nbsp;</a>","text":"$Alibaba - main 2407(ALBmain)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324619087224840","isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192033772,"gmtCreate":1621129011696,"gmtModify":1704353081136,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Latest&nbsp;","listText":"Latest&nbsp;","text":"Latest","images":[{"img":"https://static.tigerbbs.com/091f7d8a9b9cb5c90056a1b18e5f15a8","width":"1080","height":"1174"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192033772","isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":198612254,"gmtCreate":1620955261378,"gmtModify":1704351051751,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"He alone like hold the power if Doge gain or drop...Don't really see it as a good thing unless you are a Doge holder..","listText":"He alone like hold the power if Doge gain or drop...Don't really see it as a good thing unless you are a Doge holder..","text":"He alone like hold the power if Doge gain or drop...Don't really see it as a good thing unless you are a Doge holder..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198612254","repostId":"2135675519","repostType":4,"repost":{"id":"2135675519","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1620953700,"share":"https://ttm.financial/m/news/2135675519?lang=&edition=fundamental","pubTime":"2021-05-14 08:55","market":"us","language":"en","title":"Elon Musk tweets about Dogecoin, and prices immediately jump","url":"https://stock-news.laohu8.com/highlight/detail?id=2135675519","media":"Dow Jones","summary":"'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after haltin","content":"<p>'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after halting bitcoin transactions and sending that cryptocurrency lower</p>\n<p>A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, Dogecoin, could be turned into a suitable replacement.</p>\n<p>\"Working with Doge devs to improve system transaction efficiency,\" Musk tweeted . \"Potentially promising.\"</p>\n<p>Dogecoin prices immediately shot higher, after bitcoin took a large hit in the wake of Wednesday's announcement purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto.</p>\n<p>While bitcoin has been seen as a potential payments option since its inception, Dogecoin was largely conceived as a joke. The crypto has seen a stunning increase, however, since Musk adopted it as a meme and began tweeting about it earlier this year, including strong gains last week before the billionaire's guest-hosting appearance on \"Saturday Night Live.\"</p>\n<p>Immediately after Musk's tweet Thursday, Dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk's announcement of Tesla's move.</p>\n<p>Musk clarified his comments Thursday, tweeting \"I strongly believe in crypto, but it can't drive a massive increase in fossil fuel use, especially coal.\"</p>\n<p>Tesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. Shares closed below Tesla's 200-day moving average Thursday for the first time in more than a year , and have now declined 19% so far in 2021, as the S&amp;P 500 index has gained 9.5%.</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>Elon Musk tweets about Dogecoin, and prices immediately jump</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\">\nElon Musk tweets about Dogecoin, and prices immediately jump\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-14 08:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after halting bitcoin transactions and sending that cryptocurrency lower</p>\n<p>A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, Dogecoin, could be turned into a suitable replacement.</p>\n<p>\"Working with Doge devs to improve system transaction efficiency,\" Musk tweeted . \"Potentially promising.\"</p>\n<p>Dogecoin prices immediately shot higher, after bitcoin took a large hit in the wake of Wednesday's announcement purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto.</p>\n<p>While bitcoin has been seen as a potential payments option since its inception, Dogecoin was largely conceived as a joke. The crypto has seen a stunning increase, however, since Musk adopted it as a meme and began tweeting about it earlier this year, including strong gains last week before the billionaire's guest-hosting appearance on \"Saturday Night Live.\"</p>\n<p>Immediately after Musk's tweet Thursday, Dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk's announcement of Tesla's move.</p>\n<p>Musk clarified his comments Thursday, tweeting \"I strongly believe in crypto, but it can't drive a massive increase in fossil fuel use, especially coal.\"</p>\n<p>Tesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. Shares closed below Tesla's 200-day moving average Thursday for the first time in more than a year , and have now declined 19% so far in 2021, as the S&amp;P 500 index has gained 9.5%.</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":"2135675519","content_text":"'Working with Doge devs to improve system transaction efficiency,' Tesla CEO says a day after halting bitcoin transactions and sending that cryptocurrency lower\nA day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, Dogecoin, could be turned into a suitable replacement.\n\"Working with Doge devs to improve system transaction efficiency,\" Musk tweeted . \"Potentially promising.\"\nDogecoin prices immediately shot higher, after bitcoin took a large hit in the wake of Wednesday's announcement purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto.\nWhile bitcoin has been seen as a potential payments option since its inception, Dogecoin was largely conceived as a joke. The crypto has seen a stunning increase, however, since Musk adopted it as a meme and began tweeting about it earlier this year, including strong gains last week before the billionaire's guest-hosting appearance on \"Saturday Night Live.\"\nImmediately after Musk's tweet Thursday, Dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk's announcement of Tesla's move.\nMusk clarified his comments Thursday, tweeting \"I strongly believe in crypto, but it can't drive a massive increase in fossil fuel use, especially coal.\"\nTesla stock was up a tick in after-hours trading, after falling 3.1% to $571.69 in regular trading. Shares closed below Tesla's 200-day moving average Thursday for the first time in more than a year , and have now declined 19% so far in 2021, as the S&P 500 index has gained 9.5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347114947,"gmtCreate":1618474799189,"gmtModify":1704711384921,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"It will grow!","listText":"It will grow!","text":"It will grow!","images":[{"img":"https://static.tigerbbs.com/bec9b902dada757a73f8ea7c408a31f8","width":"1080","height":"2737"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347114947","isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":342424307,"gmtCreate":1618238228009,"gmtModify":1704707996793,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Is goin to be a good buy","listText":"Is goin to be a good buy","text":"Is goin to be a good buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342424307","repostId":"1158838491","repostType":2,"repost":{"id":"1158838491","pubTimestamp":1618197869,"share":"https://ttm.financial/m/news/1158838491?lang=&edition=fundamental","pubTime":"2021-04-12 11:24","market":"us","language":"en","title":"Coinbase: Highly Overvalued At $100 Billion Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1158838491","media":"seekingalpha","summary":"Summary\n\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for","content":"<p><b>Summary</b></p>\n<ul>\n <li>Our valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase.</li>\n <li>Our base case valuation of Coinbase is $39.9 billion, which is nearly 60% lower than the purported private market value of $100 billion that Coinbase received recently.</li>\n <li>Overall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation.</li>\n <li>Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.</li>\n</ul>\n<p><b>Comparable Companies Valuation Analysis</b></p>\n<p>Our valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase (COIN). Our base case valuation of Coinbase is $39.9 billion, which is nearly 5x the value the company received in October 2018 ($8 billion) in private funding transaction. However, our base case value of $39.9 billion is nearly 60% lower than the purported recent private market value of$100 billionthat Coinbase received recently.</p>\n<p>Because of the lack of the directly comparable cryptocurrency focused exchanges, we compare Coinbase against some of the biggest exchanges (mostly stock markets) globally including Intercontinental Exchange (ICE), Nasdaq Exchange (NDAQ), and Euronext(OTCPK:EUXTF).</p>\n<p>Our base case valuation is based on 31.2x the company's sales of $1.3 billion in 2020. This P/S multiple is based on 5x the average P/S multiple of its peers including Intercontinental Exchange, Nasdaq Exchange, and Euronext. The peers are trading at an average P/S multiple of 6.2x in 2020. Our reasoning of applying a 5x higher P/S multiple on Coinbase versus its peers is because Coinbase's sales growth in 2020 was 5x higher (139.4% YoY) than the average sales growth rate of its peers (27.9% YoY).</p>\n<p>Nonetheless, applying a 31.2x P/S multiple on Coinbase's 2020 sales may even be generous as Coinbase's business model which mainly involves Bitcoin and Ethereum which are exposed to higher volatility, uncertainties, and regulatory risks as compared to ICE, Nasdaq, and Euronext.</p>\n<p>In addition, the combined market caps of ICE, Nasdaq Exchange, and Euronext are $94 billion which is less than the recent private market valuation of nearly $100 billion for Coinbase. We find it hard to digest how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.</p>\n<p>Overall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation. As such, we think that the prudent investor should avoid this direct listing of Coinbase if indeed it is priced at nearly $100 billion. Despite the numerous positive factors (such as surging sales growth and turn to profitability), it is difficult to argue for a valuation of nearly $100 billion for Coinbase, which would represent a whopping 78x P/S multiple (using 2020 sales).</p>\n<p>Even the company has pointed out in its prospectus that Bitcoin has experienced four major cycles since its launch (the fourth cycle is still ongoing). We would argue that for the prudent investors, there is no rush to buy Coinbase while Bitcoin price is near at its all time highs. The prudent investor should wait until there is a major correction in the Bitcoin price to see how the Coinbase's financials are able to withstand such correction.</p>\n<p>In addition, we would argue that as the Bitcoin and crypto trading become more mainstream, the trading fees for the cryptos will go down much more significantly, which is likely to negatively impact Coinbase.</p>\n<p><img src=\"https://static.tigerbbs.com/f562704ffd69c639772c9c98cc042380\" tg-width=\"908\" tg-height=\"716\"><img src=\"https://static.tigerbbs.com/a2e1760c521642a9d826b93822bbf76c\" tg-width=\"904\" tg-height=\"684\"><img src=\"https://static.tigerbbs.com/a700a76614a166cfed8a2e712e411461\" tg-width=\"910\" tg-height=\"448\"></p>\n<p><b>Coinbase Income Statement Analysis</b></p>\n<p>Coinbase generated sales of $1.3 billion in 2020 (up 139.4% YoY). It also had an operating profit of $409 million in 2020, from an operating loss of $45.8 million in 2019. Coinbase generates nearly all of its revenues from commissions and fees. Transaction revenue represented over 96% of its net revenue in 2020. The company's revenues are highly impacted by the changing crypto prices. Therefore, we would argue that the company's sales and profit growth in 2020 is highly impacted by the surging crypto prices and in the evident of a major downturn in crypto prices, the company's results are bound to deteriorate significantly.</p>\n<p>Since late 2018, the company has launched a range of subscription products and services such as Store, Stake, and Borrow &amp; Lend in order to diversify its revenue stream and reduce its reliance on transaction fees. However, they currently remain a minor portion of the company's revenues.</p>\n<p>The improvement in the operating margins was due to the surging sales growth and a decline in total operating expenses as a percentage of sales which declined from 108.6% in 2019 to 68% in 2020. Among the major operating expenses, the biggest improvements have come from the transaction expense, technology &amp; development, and general &amp; admin expenses. The transaction expense as a percentage of sales declined from 15.4% in 2019 to 10.6% in 2020. The general &amp; admin expenses as a percentage of sales also declined significantly from 43.5% in 2019 to 21.9% in 2020.</p>\n<p>Although the company has done a good job in increasing sales and profits in 2020, they were driven at a period when crypto prices rallied strongly. The company faces a major risk of significant decline in sales and profit growth if the crypto prices decline materially.</p>\n<p><img src=\"https://static.tigerbbs.com/4006dd1b7826bc8bfb5c54c3fc337f8f\" tg-width=\"605\" tg-height=\"771\"><img src=\"https://static.tigerbbs.com/0d1881ca71359bc62ac668414f9704c2\" tg-width=\"602\" tg-height=\"601\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac8f93693e1189b4c33d586a33d9777\" tg-width=\"777\" tg-height=\"489\"><span>Source: Author, from Company data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19577c539f8268f0f59b6ad94c271862\" tg-width=\"836\" tg-height=\"495\"><span>Source: Author, from Company data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71df7a8d3a9ec9edf1345ad24af29fe4\" tg-width=\"869\" tg-height=\"499\"><span>Source: Author, from Company data</span></p>\n<p><b>Coinbase (Key Business Metrics and Financial Measures)</b></p>\n<p>The key business metrics for the company include items including verified users, monthly transacting users, assets on platform, and trading volume. These figures show sharply increasing growth rates and are provided for the last two years. We would argue that the company is subject to big declines in these key business metrics' growth rates if there are sharp declines in crypto prices in the next several years.</p>\n<p><b>Verified users</b>- The company had 43 million verified users at the end of 2020, up 34.4% YoY.</p>\n<p><b>Monthly transacting users (MTU)</b>- The company defines MTU as a retail user who transacts in one or more products on its platform at least once during the rolling 28-day period ending on the date of measurement. MTUs increased from 1 million in 2019 to 2.8 million in 2020, up 180% YoY.</p>\n<p><b>Assets on platform</b>- Assets on platform are highly impacted by the changing crypto prices. From December 31, 2017 to December 31, 2018, Bitcoin and Ethereum prices declined 74% and 82%, respectively. During the same period, the company's assets on platform decreased by 73%.</p>\n<p>The total market capitalization of crypto assets surged from less than $500 million at the end of 2012 to $782 billion at the end of 2020, representing a CAGR of over 150% during this period. At the end of 2020, Bitcoin, Ethereum, and other crypto assets represented 70%, 13%, and 13% of the company's assets on platform, respectively. Assets on platform surged from $16.9 billion at the end of 2019 to $90.3 billion at the end of 2020, up 432% YoY.</p>\n<p><b>Trading volume</b>- Trading volume on the Coinbase exchange increased from $79.9 billion in 2019 to $193.1 billion in 2020, up 141.7% YoY.</p>\n<p><img src=\"https://static.tigerbbs.com/477168e292f8066052c361be979611a3\" tg-width=\"906\" tg-height=\"631\"></p>\n<p><b>Bitcoin Price Trend</b>- There have been four major crypto asset price cycles since 2010, with each cycle lasting about two to four years. In the three price cycles prior to the current one, crypto prices have subsequently declined from each peak and settled at a trough higher than the prior peak.</p>\n<p><b>Crypto Market Capitalization vs. S&amp;P 500</b>- Prior to the start of the COVID-19 pandemic in 1Q 2019, there was not a really visible correlation between the S&amp;P 500 and the crypto market capitalization. However, in the past year, there certainly has been a positive correlation between them. This presents a key risk factor for Coinbase since if there is a major downturn in the S&amp;P 500, it could also drag along the crypto markets as well.</p>\n<p>Coinbase's market share in the crypto market capitalization increased from 4.5% in 2018 to 8.3% in 2019, and 11.1% in 2020. The company has done a really good job of taking away market share from its competitors.</p>\n<p>Competition</p>\n<p>The company faces competition from a wide range of competitors including both big and small companies. For retail users, it competes with firms such as Square(NYSE:SQ)and Robinhood (RBNHD). PayPal(NASDAQ:PYPL)also recently introduced crypto products and services. Binance, which is mostly focused on the crypto market, is also a major competitor. Other major competitors include Gemini, Bitstamp, and Kraken.</p>\n<p>The top five crypto exchanges include Binance, Coinbase Pro, Huobi Global, Kraken, and Bitfinex. Among the top 10 cryptocurrency exchanges, globally, two of them are based in Korea including Bithumb and Coinone.</p>\n<p><b>Comparisons of Coinbase, Kraken, and Binance</b></p>\n<p>The comparisons of Coinbase, Kraken, and Binance suggest that while Coinbase is able to enjoy some higher pricing advantages than these other two leading players, this may be because many customers still are willing to pay higher prices for the quality of service and lack of security breaches. In our view, the competitors are likely to catch up to Coinbase in terms of these two factors as well as provide lower pricing for trading cryptos in the coming years which is likely to result in a more difficult competitive environment for Coinbase.</p>\n<p>Coinbase and Kraken are two of the leading crypto exchanges based in the United States. UnlikeCoinbase, Kraken charges flat fees on crypto purchases. The standard deposit fee for Kraken is $5. By offering flat fees, Kraken is trying to grab more institutional customers. Coinbase's service has a percentage based fee (of purchasing cryptos) that starts at 1.49% for bank transfers and the fees increase to 3.99% if debit or credit cards are used. Looking at the fees structures, it would appear that many institutional investors could be interested in the flat fees offered by Kraken but many retail investors that invest only small sums of money in cryptos may be more interested in Coinbase.</p>\n<p>One of the major&nbsp;differences&nbsp;between Coinbase and Kraken is the digital wallets. Coinbase has completely separate services for the wallets and its crypto exchange (unlike Kraken), which provides a clear separation between the funds the customers would like to hold and the ones they would like to trade. However, at times, the transferring of funds between the exchange and the wallets remains a bit inconvenient. Overall, it appears that Coinbase has an easier user experience, especially among the new users in the crypto market. However, Kraken may be more convenient for more experienced institutional investors.</p>\n<p>The trading fees for Kraken start at 0.16% for maker orders and 0.26% for taker orders. These fees are reduced as the customers' 30 days trading volume increases. At the lowest levels, Kraken customers can place free maker trades and 0.10% taker trades if they have a 30-day volume greater than$10 million.</p>\n<p>The trading fees for Coinbase start at 0.5% for both taker and maker, which is much more expensive as compared to other leading exchanges. The trading fees for Coinbase decline as the customers increase their 30 day trading volume. Trading under $10,000 over a 30 day period means the customer will incur 0.5% trading fees. Once the customer reaches $1 billion or more, these fees are reduced to 0.04% for taker and 0.00% for maker. Overall, for most investors, Kraken would provide lower trading fees as compared to Coinbase.</p>\n<p>Binance also has a tiered trading fee structure and it has one of the most competitive trading fees structures in the market. For Binance, at the lowest volume levels, fees are 0.1% for both makers and takers and at the highest trade volume levels, the fees come down to 0.02% and 0.04% for makers and takers, respectively. In addition, the users can further reduce their trading fees by as much as 25% if they pay fees in Binance's native BNB token.</p>\n<p><i>Why use Coinbase if it has higher fees than Binance and Kraken?</i>Despite Coinbase having higher fees than Binance and Kraken, it appears that millions of people have flocked to using Coinbase mainly due to its better performance on 1) ease of use, 2) security, and 3) customer service. Many customers are willing to pay a bit extra on the trading fees that Coinbase charges due to is relative better performance on its strengths, especially the fact that Coinbase is often cited as the most user friendly.</p>\n<p>Also, there have been several cases of hackers stealing cryptos from other smaller exchanges as well as from competitors such asKrakenin the past several years. Coinbase has successfully thwarted off attempts by the hackers to steal money from its accounts. Many customers of Coinbase believe that it is one of the safest cryptocurrency exchanges in the market.</p>\n<p><img src=\"https://static.tigerbbs.com/2c247135cbe917a7b75aa3679d4d6998\" tg-width=\"906\" tg-height=\"486\"></p>\n<p><b>Conclusion</b></p>\n<p>We believe that the prudent investor would avoid the Coinbase direct listing if indeed the pricing is completed at a market cap of nearly $100 billion. Our base case valuation is $39.9 billion, which is nearly 60% discount to the recent private market valuation of about $100 billion.</p>\n<p>At a valuation of nearly $100 billion, this would be more than the market caps of the three of the world's largest stock market/commodity exchanges including the Intercontinental Exchange, Nasdaq Exchange, and the Euronext which combined have $94 billion in market cap. We find it hard to understand how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.</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>Coinbase: Highly Overvalued At $100 Billion Valuation</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\">\nCoinbase: Highly Overvalued At $100 Billion Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4417132-coinbase-highly-overvalued-100-billion-valuation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase.\nOur base case valuation of Coinbase is $39.9 billion, which is nearly 60% lower than the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4417132-coinbase-highly-overvalued-100-billion-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/article/4417132-coinbase-highly-overvalued-100-billion-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1158838491","content_text":"Summary\n\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase.\nOur base case valuation of Coinbase is $39.9 billion, which is nearly 60% lower than the purported private market value of $100 billion that Coinbase received recently.\nOverall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation.\nCoinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.\n\nComparable Companies Valuation Analysis\nOur valuation analysis suggests a range of $31.9 billion to $47.9 billion in market cap for Coinbase (COIN). Our base case valuation of Coinbase is $39.9 billion, which is nearly 5x the value the company received in October 2018 ($8 billion) in private funding transaction. However, our base case value of $39.9 billion is nearly 60% lower than the purported recent private market value of$100 billionthat Coinbase received recently.\nBecause of the lack of the directly comparable cryptocurrency focused exchanges, we compare Coinbase against some of the biggest exchanges (mostly stock markets) globally including Intercontinental Exchange (ICE), Nasdaq Exchange (NDAQ), and Euronext(OTCPK:EUXTF).\nOur base case valuation is based on 31.2x the company's sales of $1.3 billion in 2020. This P/S multiple is based on 5x the average P/S multiple of its peers including Intercontinental Exchange, Nasdaq Exchange, and Euronext. The peers are trading at an average P/S multiple of 6.2x in 2020. Our reasoning of applying a 5x higher P/S multiple on Coinbase versus its peers is because Coinbase's sales growth in 2020 was 5x higher (139.4% YoY) than the average sales growth rate of its peers (27.9% YoY).\nNonetheless, applying a 31.2x P/S multiple on Coinbase's 2020 sales may even be generous as Coinbase's business model which mainly involves Bitcoin and Ethereum which are exposed to higher volatility, uncertainties, and regulatory risks as compared to ICE, Nasdaq, and Euronext.\nIn addition, the combined market caps of ICE, Nasdaq Exchange, and Euronext are $94 billion which is less than the recent private market valuation of nearly $100 billion for Coinbase. We find it hard to digest how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.\nOverall, at an implied market cap value of $100 billion for Coinbase, we think that there is much larger potential downside risk than upside appreciation. As such, we think that the prudent investor should avoid this direct listing of Coinbase if indeed it is priced at nearly $100 billion. Despite the numerous positive factors (such as surging sales growth and turn to profitability), it is difficult to argue for a valuation of nearly $100 billion for Coinbase, which would represent a whopping 78x P/S multiple (using 2020 sales).\nEven the company has pointed out in its prospectus that Bitcoin has experienced four major cycles since its launch (the fourth cycle is still ongoing). We would argue that for the prudent investors, there is no rush to buy Coinbase while Bitcoin price is near at its all time highs. The prudent investor should wait until there is a major correction in the Bitcoin price to see how the Coinbase's financials are able to withstand such correction.\nIn addition, we would argue that as the Bitcoin and crypto trading become more mainstream, the trading fees for the cryptos will go down much more significantly, which is likely to negatively impact Coinbase.\n\nCoinbase Income Statement Analysis\nCoinbase generated sales of $1.3 billion in 2020 (up 139.4% YoY). It also had an operating profit of $409 million in 2020, from an operating loss of $45.8 million in 2019. Coinbase generates nearly all of its revenues from commissions and fees. Transaction revenue represented over 96% of its net revenue in 2020. The company's revenues are highly impacted by the changing crypto prices. Therefore, we would argue that the company's sales and profit growth in 2020 is highly impacted by the surging crypto prices and in the evident of a major downturn in crypto prices, the company's results are bound to deteriorate significantly.\nSince late 2018, the company has launched a range of subscription products and services such as Store, Stake, and Borrow & Lend in order to diversify its revenue stream and reduce its reliance on transaction fees. However, they currently remain a minor portion of the company's revenues.\nThe improvement in the operating margins was due to the surging sales growth and a decline in total operating expenses as a percentage of sales which declined from 108.6% in 2019 to 68% in 2020. Among the major operating expenses, the biggest improvements have come from the transaction expense, technology & development, and general & admin expenses. The transaction expense as a percentage of sales declined from 15.4% in 2019 to 10.6% in 2020. The general & admin expenses as a percentage of sales also declined significantly from 43.5% in 2019 to 21.9% in 2020.\nAlthough the company has done a good job in increasing sales and profits in 2020, they were driven at a period when crypto prices rallied strongly. The company faces a major risk of significant decline in sales and profit growth if the crypto prices decline materially.\n\nSource: Author, from Company data\nSource: Author, from Company data\nSource: Author, from Company data\nCoinbase (Key Business Metrics and Financial Measures)\nThe key business metrics for the company include items including verified users, monthly transacting users, assets on platform, and trading volume. These figures show sharply increasing growth rates and are provided for the last two years. We would argue that the company is subject to big declines in these key business metrics' growth rates if there are sharp declines in crypto prices in the next several years.\nVerified users- The company had 43 million verified users at the end of 2020, up 34.4% YoY.\nMonthly transacting users (MTU)- The company defines MTU as a retail user who transacts in one or more products on its platform at least once during the rolling 28-day period ending on the date of measurement. MTUs increased from 1 million in 2019 to 2.8 million in 2020, up 180% YoY.\nAssets on platform- Assets on platform are highly impacted by the changing crypto prices. From December 31, 2017 to December 31, 2018, Bitcoin and Ethereum prices declined 74% and 82%, respectively. During the same period, the company's assets on platform decreased by 73%.\nThe total market capitalization of crypto assets surged from less than $500 million at the end of 2012 to $782 billion at the end of 2020, representing a CAGR of over 150% during this period. At the end of 2020, Bitcoin, Ethereum, and other crypto assets represented 70%, 13%, and 13% of the company's assets on platform, respectively. Assets on platform surged from $16.9 billion at the end of 2019 to $90.3 billion at the end of 2020, up 432% YoY.\nTrading volume- Trading volume on the Coinbase exchange increased from $79.9 billion in 2019 to $193.1 billion in 2020, up 141.7% YoY.\n\nBitcoin Price Trend- There have been four major crypto asset price cycles since 2010, with each cycle lasting about two to four years. In the three price cycles prior to the current one, crypto prices have subsequently declined from each peak and settled at a trough higher than the prior peak.\nCrypto Market Capitalization vs. S&P 500- Prior to the start of the COVID-19 pandemic in 1Q 2019, there was not a really visible correlation between the S&P 500 and the crypto market capitalization. However, in the past year, there certainly has been a positive correlation between them. This presents a key risk factor for Coinbase since if there is a major downturn in the S&P 500, it could also drag along the crypto markets as well.\nCoinbase's market share in the crypto market capitalization increased from 4.5% in 2018 to 8.3% in 2019, and 11.1% in 2020. The company has done a really good job of taking away market share from its competitors.\nCompetition\nThe company faces competition from a wide range of competitors including both big and small companies. For retail users, it competes with firms such as Square(NYSE:SQ)and Robinhood (RBNHD). PayPal(NASDAQ:PYPL)also recently introduced crypto products and services. Binance, which is mostly focused on the crypto market, is also a major competitor. Other major competitors include Gemini, Bitstamp, and Kraken.\nThe top five crypto exchanges include Binance, Coinbase Pro, Huobi Global, Kraken, and Bitfinex. Among the top 10 cryptocurrency exchanges, globally, two of them are based in Korea including Bithumb and Coinone.\nComparisons of Coinbase, Kraken, and Binance\nThe comparisons of Coinbase, Kraken, and Binance suggest that while Coinbase is able to enjoy some higher pricing advantages than these other two leading players, this may be because many customers still are willing to pay higher prices for the quality of service and lack of security breaches. In our view, the competitors are likely to catch up to Coinbase in terms of these two factors as well as provide lower pricing for trading cryptos in the coming years which is likely to result in a more difficult competitive environment for Coinbase.\nCoinbase and Kraken are two of the leading crypto exchanges based in the United States. UnlikeCoinbase, Kraken charges flat fees on crypto purchases. The standard deposit fee for Kraken is $5. By offering flat fees, Kraken is trying to grab more institutional customers. Coinbase's service has a percentage based fee (of purchasing cryptos) that starts at 1.49% for bank transfers and the fees increase to 3.99% if debit or credit cards are used. Looking at the fees structures, it would appear that many institutional investors could be interested in the flat fees offered by Kraken but many retail investors that invest only small sums of money in cryptos may be more interested in Coinbase.\nOne of the major differences between Coinbase and Kraken is the digital wallets. Coinbase has completely separate services for the wallets and its crypto exchange (unlike Kraken), which provides a clear separation between the funds the customers would like to hold and the ones they would like to trade. However, at times, the transferring of funds between the exchange and the wallets remains a bit inconvenient. Overall, it appears that Coinbase has an easier user experience, especially among the new users in the crypto market. However, Kraken may be more convenient for more experienced institutional investors.\nThe trading fees for Kraken start at 0.16% for maker orders and 0.26% for taker orders. These fees are reduced as the customers' 30 days trading volume increases. At the lowest levels, Kraken customers can place free maker trades and 0.10% taker trades if they have a 30-day volume greater than$10 million.\nThe trading fees for Coinbase start at 0.5% for both taker and maker, which is much more expensive as compared to other leading exchanges. The trading fees for Coinbase decline as the customers increase their 30 day trading volume. Trading under $10,000 over a 30 day period means the customer will incur 0.5% trading fees. Once the customer reaches $1 billion or more, these fees are reduced to 0.04% for taker and 0.00% for maker. Overall, for most investors, Kraken would provide lower trading fees as compared to Coinbase.\nBinance also has a tiered trading fee structure and it has one of the most competitive trading fees structures in the market. For Binance, at the lowest volume levels, fees are 0.1% for both makers and takers and at the highest trade volume levels, the fees come down to 0.02% and 0.04% for makers and takers, respectively. In addition, the users can further reduce their trading fees by as much as 25% if they pay fees in Binance's native BNB token.\nWhy use Coinbase if it has higher fees than Binance and Kraken?Despite Coinbase having higher fees than Binance and Kraken, it appears that millions of people have flocked to using Coinbase mainly due to its better performance on 1) ease of use, 2) security, and 3) customer service. Many customers are willing to pay a bit extra on the trading fees that Coinbase charges due to is relative better performance on its strengths, especially the fact that Coinbase is often cited as the most user friendly.\nAlso, there have been several cases of hackers stealing cryptos from other smaller exchanges as well as from competitors such asKrakenin the past several years. Coinbase has successfully thwarted off attempts by the hackers to steal money from its accounts. Many customers of Coinbase believe that it is one of the safest cryptocurrency exchanges in the market.\n\nConclusion\nWe believe that the prudent investor would avoid the Coinbase direct listing if indeed the pricing is completed at a market cap of nearly $100 billion. Our base case valuation is $39.9 billion, which is nearly 60% discount to the recent private market valuation of about $100 billion.\nAt a valuation of nearly $100 billion, this would be more than the market caps of the three of the world's largest stock market/commodity exchanges including the Intercontinental Exchange, Nasdaq Exchange, and the Euronext which combined have $94 billion in market cap. We find it hard to understand how Coinbase could be valued higher than the combined market caps of these three largest exchanges in the world, especially because Coinbase is highly exposed to other competitors coming out with more cut-throat lower fees for trading cryptos in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353977338,"gmtCreate":1616458859524,"gmtModify":1704794303988,"author":{"id":"3578647329384410","authorId":"3578647329384410","name":"0seven","avatar":"https://static.tigerbbs.com/8280ec4c010fb64e3c4ed0d68976ff05","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578647329384410","idStr":"3578647329384410"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353977338","repostId":"2121833121","repostType":2,"repost":{"id":"2121833121","pubTimestamp":1616389200,"share":"https://ttm.financial/m/news/2121833121?lang=&edition=fundamental","pubTime":"2021-03-22 13:00","market":"us","language":"en","title":"Apple Car Would Be Welcomed by This Parts Maker Pivoting to EVs","url":"https://stock-news.laohu8.com/highlight/detail?id=2121833121","media":"Bloomberg","summary":"(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco","content":"<html><body><p>(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion engines.</p>\n<p>Reports that Apple is working on a self-driving EV have ignited speculation about how the technology giant would pursue such a plan. Talks with carmakers including Hyundai Motor Co. have fizzled, perhaps due to reluctance to aid a disruptive new rival. But for automotive suppliers eager to unlock fresh revenue streams, it would be much-needed business.</p>\n<p>“An Apple car would certainly be an exciting development,” Vitesco Chief Executive Officer Andreas Wolf said in an interview. “The more EVs there are, the better.”</p>\n<p>Soon-to-be spun-off Vitesco can’t afford to be picky. Car-parts makers are under pressure as the industry shifts toward battery-powered vehicles, which require fewer parts than gasoline and diesel-powered cars. Volkswagen AG last week became Germany’s most valuable company after rapid-fire announcements on how it wants to supplant Tesla Inc. as the global electric leader. BMW AG shares surged after the manufacturer said it expects EVs to account for about half of sales by 2030.</p>\n<p>Legacy Assets</p>\n<p>The bolder plans suggest the end of the combustion engine is nearing. Vitesco identified sales worth 2.5 billion euros -- based on 2018 revenue -- linked to the making of parts like turbochargers and injectors that it plans to exit or discontinue. Finding buyers for these assets will be difficult, Wolf said ahead of a briefing with investors on Thursday.</p>\n<p>Vitesco seeks to shift about a third of its sales into components for so-called mild hybrids, plug-in hybrids and fully electric cars over the next three to five years, the CEO said. Many of its existing products, like engine controls, can also be deployed in EVs, he said.</p>\n<p>“No matter what’s coming, we have the full range of hybrid and EV products, and that’s our great advantage,” Wolf said. “We don’t focus on just <a href=\"https://laohu8.com/S/AONE\">one</a> specific technology but we cover all options.”</p>\n<p>Chip Shortage</p>\n<p>There’s still room for growth though. Powertrain sales fell 11% to about 7 billion euros ($8.3 billion) last year, according to Continental’s annual report, when the pandemic shuttered showrooms and factories.</p>\n<p>Like its peers, the business has been suffering from an industrywide shortage of semiconductors that’s disrupted automotive production. Initially, Vitesco expected bottlenecks to ease during the second quarter, but they may persist the entire year, Wolf said.</p>\n<p>Vitesco’s transition to becoming a separate company has dragged on since early 2019. Continental was already trailing competitors in separating new technologies from legacy operations when it delayed -- and then dropped -- plans to sell shares in Vitesco to the public. Europe’s second-biggest car-parts maker last week said it will push ahead with a spinoff in the second half of the year.</p>\n<p>Profit Push</p>\n<p>After the spinoff and subsequent listing is completed, Vitesco may consider cooperations to keep pace with the quickly developing EV market, Wolf said. One potential partner is Schaeffler AG, the German ball-bearings maker that owns a 46% stake in Continental, he said.</p>\n<p>After Vitesco struggled for years to lift profitability, Wolf said he’s convinced that returns will rise after the company exits unprofitable businesses and improves the development and production of electric-car components while generating solid returns in sensors and electronics.</p>\n<p>Vitesco’s financial footing is “very, very solid,” and goes beyond expenses related to the turnaround and investments in future technologies, he said.</p>\n<p>For more articles like this, please visit us at bloomberg.com</p>\n<p>Subscribe now to stay ahead with the most trusted business news source.</p>\n<p>©2021 Bloomberg L.P.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Car Would Be Welcomed by This Parts Maker Pivoting to EVs</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\">\nApple Car Would Be Welcomed by This Parts Maker Pivoting to EVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-car-welcomed-parts-maker-050000166.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-car-welcomed-parts-maker-050000166.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","AAPL":"苹果","09086":"华夏纳指-U"},"source_url":"https://finance.yahoo.com/news/apple-car-welcomed-parts-maker-050000166.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2121833121","content_text":"(Bloomberg) -- Apple Inc. entering the electric-car race could be a boon to Continental AG’s Vitesco Technologies powertrain unit as it attempts a wrenching transition away from internal combustion engines.\nReports that Apple is working on a self-driving EV have ignited speculation about how the technology giant would pursue such a plan. Talks with carmakers including Hyundai Motor Co. have fizzled, perhaps due to reluctance to aid a disruptive new rival. But for automotive suppliers eager to unlock fresh revenue streams, it would be much-needed business.\n“An Apple car would certainly be an exciting development,” Vitesco Chief Executive Officer Andreas Wolf said in an interview. “The more EVs there are, the better.”\nSoon-to-be spun-off Vitesco can’t afford to be picky. Car-parts makers are under pressure as the industry shifts toward battery-powered vehicles, which require fewer parts than gasoline and diesel-powered cars. Volkswagen AG last week became Germany’s most valuable company after rapid-fire announcements on how it wants to supplant Tesla Inc. as the global electric leader. BMW AG shares surged after the manufacturer said it expects EVs to account for about half of sales by 2030.\nLegacy Assets\nThe bolder plans suggest the end of the combustion engine is nearing. Vitesco identified sales worth 2.5 billion euros -- based on 2018 revenue -- linked to the making of parts like turbochargers and injectors that it plans to exit or discontinue. Finding buyers for these assets will be difficult, Wolf said ahead of a briefing with investors on Thursday.\nVitesco seeks to shift about a third of its sales into components for so-called mild hybrids, plug-in hybrids and fully electric cars over the next three to five years, the CEO said. Many of its existing products, like engine controls, can also be deployed in EVs, he said.\n“No matter what’s coming, we have the full range of hybrid and EV products, and that’s our great advantage,” Wolf said. “We don’t focus on just one specific technology but we cover all options.”\nChip Shortage\nThere’s still room for growth though. Powertrain sales fell 11% to about 7 billion euros ($8.3 billion) last year, according to Continental’s annual report, when the pandemic shuttered showrooms and factories.\nLike its peers, the business has been suffering from an industrywide shortage of semiconductors that’s disrupted automotive production. Initially, Vitesco expected bottlenecks to ease during the second quarter, but they may persist the entire year, Wolf said.\nVitesco’s transition to becoming a separate company has dragged on since early 2019. Continental was already trailing competitors in separating new technologies from legacy operations when it delayed -- and then dropped -- plans to sell shares in Vitesco to the public. Europe’s second-biggest car-parts maker last week said it will push ahead with a spinoff in the second half of the year.\nProfit Push\nAfter the spinoff and subsequent listing is completed, Vitesco may consider cooperations to keep pace with the quickly developing EV market, Wolf said. One potential partner is Schaeffler AG, the German ball-bearings maker that owns a 46% stake in Continental, he said.\nAfter Vitesco struggled for years to lift profitability, Wolf said he’s convinced that returns will rise after the company exits unprofitable businesses and improves the development and production of electric-car components while generating solid returns in sensors and electronics.\nVitesco’s financial footing is “very, very solid,” and goes beyond expenses related to the turnaround and investments in future technologies, he said.\nFor more articles like this, please visit us at bloomberg.com\nSubscribe now to stay ahead with the most trusted business news source.\n©2021 Bloomberg L.P.","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}