WilliamQuan personal page - To The Moon

WilliamQuan

WilliamQuan

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06-08

$GameStop(GME)$ heaviest gamma squeeze ever coming soon?

03-22

Hold my breath until me turn green

2023-08-16

$Sea Ltd(SE)$ Bleeding stop at 37, 32, or 27? Anyone?

2023-07-24

$Alibaba(BABA)$ hey wall street guys, go back to sleep ah... Why so high today?

2023-07-24

Bona nocte, wall street, bona nocte

Alibaba: Wall Street Is Sleeping - Catalysts Are Already In Motion

2023-01-26

$Alibaba(09988)$ today 128, three months later 180

2022-07-11

More certain than taxes and death that it will

Bitcoin Is More Likely to Hit $10,000 Than $30,000, Survey Finds

2022-04-12

The decline is rather unwarranted, since the revenue still growing. The spending in near terms increase due to record-high fine and reinvestment into its subsidiaries. That's my two cents

Two Observations From Alibaba's (NYSE:BABA) Decline

2022-03-29

$Alibaba(BABA)$Recent tons of adventitious events such as Omega&Swatch, Will slapped Chris and reopening jb-sg continued to put a damper on ali's share price. But the company is a powerful presence in the world's economy. Have faith that it will be back to 180—220 level giving it 1 to 2 years. It is something that has to happen!

2021-08-17

Keep dropping without end

2021-08-16

When will up 50%?

2021-08-16

$Alibaba(BABA)$down down it goes

2021-08-14

$Alibaba(BABA)$ Got pushed down severely

2021-08-13

Not high enough

2021-08-13

$Alibaba(BABA)$ long term down trend

2021-08-12

Breaking past 10 tonight

2021-08-11

Stuck below 10

2021-08-10

Move to 100 also difficult

2021-08-10

$Alibaba(BABA)$how many years do i need to wait?

2021-08-09

Really no more Re-mooning?

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/GME\">$GameStop(GME)$ </a> heaviest gamma squeeze ever coming soon?&nbsp;","listText":"<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$ </a> heaviest gamma squeeze ever coming soon?&nbsp;","text":"$GameStop(GME)$ heaviest gamma squeeze ever coming soon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314573265068288","isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286930654912592,"gmtCreate":1711073773141,"gmtModify":1711073776863,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hold my breath until me turn green","listText":"Hold my breath until me turn green","text":"Hold my breath until me turn green","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286930654912592","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209361395212320,"gmtCreate":1692150437513,"gmtModify":1692150440612,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>Bleeding stop at 37, 32, or 27? Anyone?&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a>Bleeding stop at 37, 32, or 27? Anyone?&nbsp;","text":"$Sea Ltd(SE)$ Bleeding stop at 37, 32, or 27? Anyone?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209361395212320","isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":201456301064336,"gmtCreate":1690211046293,"gmtModify":1690212242880,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a>hey wall street guys, go back to sleep ah... Why so high today?&nbsp;","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a>hey wall street guys, go back to sleep ah... Why so high today?&nbsp;","text":"$Alibaba(BABA)$ hey wall street guys, go back to sleep ah... Why so high today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/201456301064336","isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":201434934894664,"gmtCreate":1690206070823,"gmtModify":1690206074930,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bona nocte, wall street, bona nocte","listText":"Bona nocte, wall street, bona nocte","text":"Bona nocte, wall street, bona nocte","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/201434934894664","repostId":"2353601598","repostType":2,"repost":{"id":"2353601598","pubTimestamp":1690155541,"share":"https://www.laohu8.com/m/news/2353601598?lang=&edition=full","pubTime":"2023-07-24 07:39","market":"us","language":"en","title":"Alibaba: Wall Street Is Sleeping - Catalysts Are Already In Motion","url":"https://stock-news.laohu8.com/highlight/detail?id=2353601598","media":"seekingalpha","summary":"Sean Gallup The bearish thesis against Alibaba (NYSE:BABA) is well known at this point, centering around the regulatory risk in the event of rising US-China tensions. But the market seems to be ignori","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/434f59ab08a93cd170f41cbb272e895c\" tg-width=\"750\" tg-height=\"488\"/></p><p>The bearish thesis against Alibaba (NYSE:BABA) is well known at this point, centering around the regulatory risk in the event of rising US-China tensions. But the market seems to be ignoring the clear signals being sent from management that they are focused on extracting shareholder value. BABA has seen its valuation reset to arguably distressed levels amidst the rising interest rate environment, and management continues to work towards spinning off various business units in order to address the conglomerate discount. This is a company which has net cash and investments equivalent to nearly 60% of the market cap, and trades at around 10x earnings even before accounting for that fact. At this point, any successful execution on spinning out the various business units, starting with its cloud division, is likely to lead to substantial upside - downside scenarios seem to focus on management being unable to accomplish those goals. While risks have not declined for this name, I am increasing my aggression in buying the stock and have made it a core position in my portfolio.</p><h2 id=\"id_2606064959\">BABA Stock Price</h2><p>The valuation reset in the tech sector has led many tech stocks to trade at pre-pandemic levels. The adjustment has been even more severe at BABA as it is still trading at the same levels as it did in 2014 when it came public.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/07a3ec49e5c078d5843384d887ae3538\" tg-width=\"635\" tg-height=\"417\"/></p><p>Data by YCharts</p><p></p><p>I last covered BABA in May, where I discussed the potential upside from the proposed spinoffs. The stock has not gone up as expected, as Wall Street has suddenly lost interest in these events that in theory should help realize considerable shareholder value.</p><h2 id=\"id_2652712692\">BABA Stock Key Metrics</h2><p>In its most recent quarter, BABA saw strong growth in most of its various business categories, but overall revenue growth hovered at 2% YOY as its most critical commerce operations declined 3% YOY. The big story was clearly the boost in profitability, as adjusted EBITA grew 60% YOY. This marks the company’s return to a double-digit adjusted EBITDA margin after it dipped to 8% last year.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9db4f895a61ad324ceeab0411fc2d736\" tg-width=\"640\" tg-height=\"259\"/></p><p>March 2023 Quarterly Presentation</p><p></p><p>BABA was able to generate such strong growth in adjusted EBITA largely due to its cost reduction initiatives, as it was able to reduce losses substantially at almost every loss-generating unit, as well as boost margins by 500 bps in the core commerce operations.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3400f9b937b5df32d654e53fde1c48eb\" tg-width=\"640\" tg-height=\"132\"/></p><p>March 2023 Quarterly Presentation</p><p></p><p>BABA generated $4.7 billion in free cash flow in the quarter, making up 124% of adjusted EBITA. The company spent $1.8 billion repurchasing stock, an arguably modest amount given the extent of the undervaluation and solid free cash flow generation, but still impressive considering that share repurchases are still a newer development for this company.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/427d55b729784c87cd5229041e3eb938\" tg-width=\"640\" tg-height=\"145\"/></p><p>March 2023 Quarterly Presentation</p><p></p><p>BABA ended the quarter with $63.4 billion in net cash plus $66 billion in additional equity investments.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7d0a6b39245a612091118bca0b632c5\" tg-width=\"640\" tg-height=\"180\"/></p><p>March 2023 Quarterly Presentation</p><p></p><p>Together, those made up roughly 59% of the market cap. On the conference call, management noted that while the Chinese economy continues to recover following the easing of pandemic restrictions, “consumer confidence and spending power still need further momentum.” Management also noted that there is fierce competition from the various consumption platforms. Such commentary might confuse American investors, given that BABA is often called “The Amazon of China.” But one must remember that the cost of living is much lower in China, making any logistical advantage less relevant as compared to the United States.</p><p>I suspect that many investors are now focused mostly on management’s efforts to split up the business units and spin off as many of them to shareholders. Management reiterated plans to fully spin off the cloud intelligence division and complete a public listing in the next 12 months. Management also noted that their board of directors has approved both Freshippo (BABA’s retail grocery segment) and Cainiao (their logistics groups) to explore an IPO over the next 18 months. BABA owns a 67% equity interest in Cainiao. Management stated that the business reason for splitting up these business units (outside of realizing shareholder value) is that their Taobao and Tmall businesses would no longer have to direct cash to fund those losses, but could instead reinvest in growth.</p><p>Management also reiterated their commitment to share repurchases, disclosing that the company had repurchased another $2.3 billion in ADSs in the 1.5 months subsequent to the quarter. I would caution against extrapolating that management has increased their aggression of the share repurchase program, but it is a good sign to know that this upcoming quarter already has a sizable amount of repurchases executed. With BABA stock being so cheap, management alignment with shareholders is a quality that can not be understated.</p><h2 id=\"id_254510100\">Is BABA Stock A Buy, Sell, or Hold?</h2><p>As of recent prices, BABA was trading hands at just around 10x earnings.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0cf31a4d871543138bb5f8f77c85adc1\" tg-width=\"640\" tg-height=\"81\"/></p><p>Seeking Alpha</p><p></p><p>Yes, that is non-GAAP earnings, but it should be noted that share-based compensation (the most typically protested non-GAAP adjustment) is only around 22% of non-GAAP net income.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd94851de8d0c96aa3da8038769bffc0\" tg-width=\"640\" tg-height=\"324\"/></p><p>March 2023 Quarterly Presentation</p><p></p><p>As noted previously, BABA has net cash and equity investments making up over 50% of the market cap - this is not reflected in that valuation and reflects additional upside.</p><p>The anticipated spin-offs may create value due to investors beginning to value the company on a sum-of-the-parts basis. When valuing BABA on a price to earnings basis, only China commerce is offering positive value contribution as that is the only segment generating positive net income. If we “zero out” the losses from these other segments (arguably a reasonable decision considering that these segments must have at least positive value), then we would need to adjust earnings by around 25% higher. $22.7 billion in China commerce net income valued at 10x earnings implies $227 billion in equity value from this segment alone.</p><p>Based on a 6x sales multiple for the cloud division (yielding $73 billion in equity value), a $20 billion value for Cainiao (at a 67% equity interest), we arrive at another $86 billion in equity value. If we include only $58 billion in net cash (ignoring the equity investments on the balance sheet) then we arrive at $371 billion in projected value, implying a stock price of $144 per share. That is already suggesting ample upside, and we have neither assigned value to many other proposed spin-offs nor increased the 10x earnings multiple on the China commerce operations.</p><p>What are the key risks? The risks should not be understated. The Chinese government remains a wildcard here, not just due to what kind of negative actions they might do in the future, but also due to the perception of it placed on the valuation. Even if BABA management follows through with these spin-offs, it is possible that the total valuation remains compressed if Wall Street remains concerned about regulatory intervention. I am of the view that the share repurchases go a long way towards helping to improve this sentiment, but the share repurchases admittedly can be increased further, and a dividend might be more efficient at this point. It is also possible that management is unable to execute on the proposed spin-offs, or the spin-offs result in bloated cost structures that somehow come back to become a net negative for the company. There isn’t really a price at which these risks are “priced in” but I see tremendous potential upside for the stock and the near term catalysts are in motion. I rate the stock a buy, but caution that this position requires monitoring (and ideally hedging).</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Wall Street Is Sleeping - Catalysts Are Already In Motion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Wall Street Is Sleeping - Catalysts Are Already In Motion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-24 07:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4618980-alibaba-wall-street-sleeping-catalysts-already-in-motion><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The bearish thesis against Alibaba (NYSE:BABA) is well known at this point, centering around the regulatory risk in the event of rising US-China tensions. But the market seems to be ignoring the clear...</p>\n\n<a href=\"https://seekingalpha.com/article/4618980-alibaba-wall-street-sleeping-catalysts-already-in-motion\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4122":"互联网与直销零售","BK4503":"景林资产持仓","BK4502":"阿里概念","09988":"阿里巴巴-SW","BK4505":"高瓴资本持仓","BABA":"阿里巴巴","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4579":"人工智能","BK4548":"巴美列捷福持仓","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4565":"NFT概念","BK4588":"碎股","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4554":"元宇宙及AR概念","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4575":"芯片概念","BK4558":"双十一","BK4587":"ChatGPT概念","BK4535":"淡马锡持仓","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4220":"综合零售","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK4524":"宅经济概念","BK4527":"明星科技股","BK4538":"云计算","BK4526":"热门中概股","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4618980-alibaba-wall-street-sleeping-catalysts-already-in-motion","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2353601598","content_text":"The bearish thesis against Alibaba (NYSE:BABA) is well known at this point, centering around the regulatory risk in the event of rising US-China tensions. But the market seems to be ignoring the clear signals being sent from management that they are focused on extracting shareholder value. BABA has seen its valuation reset to arguably distressed levels amidst the rising interest rate environment, and management continues to work towards spinning off various business units in order to address the conglomerate discount. This is a company which has net cash and investments equivalent to nearly 60% of the market cap, and trades at around 10x earnings even before accounting for that fact. At this point, any successful execution on spinning out the various business units, starting with its cloud division, is likely to lead to substantial upside - downside scenarios seem to focus on management being unable to accomplish those goals. While risks have not declined for this name, I am increasing my aggression in buying the stock and have made it a core position in my portfolio.BABA Stock PriceThe valuation reset in the tech sector has led many tech stocks to trade at pre-pandemic levels. The adjustment has been even more severe at BABA as it is still trading at the same levels as it did in 2014 when it came public.Data by YChartsI last covered BABA in May, where I discussed the potential upside from the proposed spinoffs. The stock has not gone up as expected, as Wall Street has suddenly lost interest in these events that in theory should help realize considerable shareholder value.BABA Stock Key MetricsIn its most recent quarter, BABA saw strong growth in most of its various business categories, but overall revenue growth hovered at 2% YOY as its most critical commerce operations declined 3% YOY. The big story was clearly the boost in profitability, as adjusted EBITA grew 60% YOY. This marks the company’s return to a double-digit adjusted EBITDA margin after it dipped to 8% last year.March 2023 Quarterly PresentationBABA was able to generate such strong growth in adjusted EBITA largely due to its cost reduction initiatives, as it was able to reduce losses substantially at almost every loss-generating unit, as well as boost margins by 500 bps in the core commerce operations.March 2023 Quarterly PresentationBABA generated $4.7 billion in free cash flow in the quarter, making up 124% of adjusted EBITA. The company spent $1.8 billion repurchasing stock, an arguably modest amount given the extent of the undervaluation and solid free cash flow generation, but still impressive considering that share repurchases are still a newer development for this company.March 2023 Quarterly PresentationBABA ended the quarter with $63.4 billion in net cash plus $66 billion in additional equity investments.March 2023 Quarterly PresentationTogether, those made up roughly 59% of the market cap. On the conference call, management noted that while the Chinese economy continues to recover following the easing of pandemic restrictions, “consumer confidence and spending power still need further momentum.” Management also noted that there is fierce competition from the various consumption platforms. Such commentary might confuse American investors, given that BABA is often called “The Amazon of China.” But one must remember that the cost of living is much lower in China, making any logistical advantage less relevant as compared to the United States.I suspect that many investors are now focused mostly on management’s efforts to split up the business units and spin off as many of them to shareholders. Management reiterated plans to fully spin off the cloud intelligence division and complete a public listing in the next 12 months. Management also noted that their board of directors has approved both Freshippo (BABA’s retail grocery segment) and Cainiao (their logistics groups) to explore an IPO over the next 18 months. BABA owns a 67% equity interest in Cainiao. Management stated that the business reason for splitting up these business units (outside of realizing shareholder value) is that their Taobao and Tmall businesses would no longer have to direct cash to fund those losses, but could instead reinvest in growth.Management also reiterated their commitment to share repurchases, disclosing that the company had repurchased another $2.3 billion in ADSs in the 1.5 months subsequent to the quarter. I would caution against extrapolating that management has increased their aggression of the share repurchase program, but it is a good sign to know that this upcoming quarter already has a sizable amount of repurchases executed. With BABA stock being so cheap, management alignment with shareholders is a quality that can not be understated.Is BABA Stock A Buy, Sell, or Hold?As of recent prices, BABA was trading hands at just around 10x earnings.Seeking AlphaYes, that is non-GAAP earnings, but it should be noted that share-based compensation (the most typically protested non-GAAP adjustment) is only around 22% of non-GAAP net income.March 2023 Quarterly PresentationAs noted previously, BABA has net cash and equity investments making up over 50% of the market cap - this is not reflected in that valuation and reflects additional upside.The anticipated spin-offs may create value due to investors beginning to value the company on a sum-of-the-parts basis. When valuing BABA on a price to earnings basis, only China commerce is offering positive value contribution as that is the only segment generating positive net income. If we “zero out” the losses from these other segments (arguably a reasonable decision considering that these segments must have at least positive value), then we would need to adjust earnings by around 25% higher. $22.7 billion in China commerce net income valued at 10x earnings implies $227 billion in equity value from this segment alone.Based on a 6x sales multiple for the cloud division (yielding $73 billion in equity value), a $20 billion value for Cainiao (at a 67% equity interest), we arrive at another $86 billion in equity value. If we include only $58 billion in net cash (ignoring the equity investments on the balance sheet) then we arrive at $371 billion in projected value, implying a stock price of $144 per share. That is already suggesting ample upside, and we have neither assigned value to many other proposed spin-offs nor increased the 10x earnings multiple on the China commerce operations.What are the key risks? The risks should not be understated. The Chinese government remains a wildcard here, not just due to what kind of negative actions they might do in the future, but also due to the perception of it placed on the valuation. Even if BABA management follows through with these spin-offs, it is possible that the total valuation remains compressed if Wall Street remains concerned about regulatory intervention. I am of the view that the share repurchases go a long way towards helping to improve this sentiment, but the share repurchases admittedly can be increased further, and a dividend might be more efficient at this point. It is also possible that management is unable to execute on the proposed spin-offs, or the spin-offs result in bloated cost structures that somehow come back to become a net negative for the company. There isn’t really a price at which these risks are “priced in” but I see tremendous potential upside for the stock and the near term catalysts are in motion. I rate the stock a buy, but caution that this position requires monitoring (and ideally hedging).Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952667076,"gmtCreate":1674694782896,"gmtModify":1676538953313,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>today 128, three months later 180","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>today 128, three months later 180","text":"$Alibaba(09988)$ today 128, three months later 180","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952667076","isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071124025,"gmtCreate":1657502969467,"gmtModify":1676536014897,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"More certain than taxes and death that it will","listText":"More certain than taxes and death that it will","text":"More certain than taxes and death that it will","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071124025","repostId":"1100813454","repostType":4,"repost":{"id":"1100813454","pubTimestamp":1657520064,"share":"https://www.laohu8.com/m/news/1100813454?lang=&edition=full","pubTime":"2022-07-11 14:14","market":"other","language":"en","title":"Bitcoin Is More Likely to Hit $10,000 Than $30,000, Survey Finds","url":"https://stock-news.laohu8.com/highlight/detail?id=1100813454","media":"Bloomberg","summary":"(Bloomberg) -- Bitcoin bulls beware: Wall Street expects the cryptocurrency’s crash to get a whole l","content":"<html><head></head><body><p>(Bloomberg) -- Bitcoin bulls beware: Wall Street expects the cryptocurrency’s crash to get a whole lot worse.</p><p>The token is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey. Forty percent saw it going the other way. It was around $21,850 late Friday afternoon, ending the week up over 12%.</p><h2>Big Drop</h2><p>Investors think Bitcoin is heading lower</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23678ece63857ba3ddf1e586d79dfcae\" tg-width=\"706\" tg-height=\"239\" referrerpolicy=\"no-referrer\"/><span>Source: MLIV Pulse Survey running July 5th to 8th. Respondents were asked: &#34;Which level will Bitcoin trade at first? $10k or $30k&#34;</span></p><p>The lopsided prediction underscores how bearish investors have become. The crypto industry has been rocked by troubled lenders, collapsed currencies, and an end to the easy money policies of the pandemic that fueled a speculative frenzy in financial markets.</p><p>Some $2 trillion has vanished from the market value of cryptocurrencies since late last year, according to data compiled by CoinGecko.</p><p>Retail investors were more apprehensive about cryptocurrencies than their institutional counterparts, with almost a quarter declaring the asset class to be garbage. Professional investors were more open-minded toward digital assets.</p><p>But overall, this sector remains a polarizing one: while some 28% of the overall respondents expressed strong confidence that cryptocurrencies are the future of finance, 20% said they’re worthless.</p><h2>Crypto Anxious</h2><p>Most respondents were at least slightly skeptical about cryptocurrencies</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95ae6536082b79774191b6ef13a1fc08\" tg-width=\"671\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><span>Source: MLIV Pulse Survey running July 5th to 8th. Respondents were asked: &#34;In relation to cryptocurrencies, which of the below best describes your attitude&#34;</span></p><p>Bitcoin has already lost more than two-thirds of its value since hitting nearly $69,000 in November and hasn’t traded as low as $10,000 since September 2020.</p><p>“It’s very easy to be fearful right now, not only in crypto, but generally in the world,” said Jared Madfes, partner at Tribe Capital, a venture capital firm. He said the expectations for a further drop in Bitcoin reflect “people’s inherent fear in the market.”</p><p>The crypto crash is likely to put further pressures on governments to step up regulations of the industry. Such supervision is seen as positive by majority of respondents, since it could improve confidence and lead to broader acceptance among institutional and retail investors.</p><p>Government intervention will also probably be welcomed by consumers burned by the collapse of so-called stablecoin TerraUSD and troubled middlemen like Celsius Network and broker Voyager Digital Ltd.</p><p>Central banks are also considering developing their own digital currencies for use in digital payments.</p><p>But neither the recent price drops -- nor the potential challenge from central banks -- are expected to significantly upend the industry by dethroning the two dominant tokens, Bitcoin and Ether. A majority of respondents anticipate that one of those two will remain a driving force in five years even while a significant share sees central bank digital currencies taking on a key role.</p><p>“Bitcoin still is powering large parts of the cryptoverse, while Ethereum is losing its lead,” said Ed Moya, senior market analyst at Oanda Corp., a foreign-exchange broker.</p><p>There was a broader consensus about one corner of the market: Nonfungible tokens. NFTs became famous for attraction valuations in the millions of dollars for pictures of monkeys during the height of the crypto boom. But the overwhelming majority of those surveyed consider them to be just art projects or status symbols, with only 9% seeing them as an investment opportunity.</p><p>Moreover, those hunting for the next asset-price bubble may do well to look elsewhere, since speculative manias rarely strike the same asset class twice. Ultimately, the next big run-up is expected by most respondents to be entirely unrelated to cryptocurrencies, with NFTs, the next generation of the internet known as web3 and other blockchain developments seen as having low chances of setting off the next frenzy.</p><p>“The next financial bubble is always something different than the last bubble, so the majority is absolutely right on this one,” said Matt Maley, chief market strategist at Miller Tabak + Co.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is More Likely to Hit $10,000 Than $30,000, Survey Finds</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\">\nBitcoin Is More Likely to Hit $10,000 Than $30,000, Survey Finds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-11 14:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-07-10/bitcoin-faces-another-50-drop-wall-street-says-mliv-pulse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Bitcoin bulls beware: Wall Street expects the cryptocurrency’s crash to get a whole lot worse.The token is more likely to tumble to $10,000, cutting its value roughly in half, than it ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-10/bitcoin-faces-another-50-drop-wall-street-says-mliv-pulse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-07-10/bitcoin-faces-another-50-drop-wall-street-says-mliv-pulse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100813454","content_text":"(Bloomberg) -- Bitcoin bulls beware: Wall Street expects the cryptocurrency’s crash to get a whole lot worse.The token is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey. Forty percent saw it going the other way. It was around $21,850 late Friday afternoon, ending the week up over 12%.Big DropInvestors think Bitcoin is heading lowerSource: MLIV Pulse Survey running July 5th to 8th. Respondents were asked: \"Which level will Bitcoin trade at first? $10k or $30k\"The lopsided prediction underscores how bearish investors have become. The crypto industry has been rocked by troubled lenders, collapsed currencies, and an end to the easy money policies of the pandemic that fueled a speculative frenzy in financial markets.Some $2 trillion has vanished from the market value of cryptocurrencies since late last year, according to data compiled by CoinGecko.Retail investors were more apprehensive about cryptocurrencies than their institutional counterparts, with almost a quarter declaring the asset class to be garbage. Professional investors were more open-minded toward digital assets.But overall, this sector remains a polarizing one: while some 28% of the overall respondents expressed strong confidence that cryptocurrencies are the future of finance, 20% said they’re worthless.Crypto AnxiousMost respondents were at least slightly skeptical about cryptocurrenciesSource: MLIV Pulse Survey running July 5th to 8th. Respondents were asked: \"In relation to cryptocurrencies, which of the below best describes your attitude\"Bitcoin has already lost more than two-thirds of its value since hitting nearly $69,000 in November and hasn’t traded as low as $10,000 since September 2020.“It’s very easy to be fearful right now, not only in crypto, but generally in the world,” said Jared Madfes, partner at Tribe Capital, a venture capital firm. He said the expectations for a further drop in Bitcoin reflect “people’s inherent fear in the market.”The crypto crash is likely to put further pressures on governments to step up regulations of the industry. Such supervision is seen as positive by majority of respondents, since it could improve confidence and lead to broader acceptance among institutional and retail investors.Government intervention will also probably be welcomed by consumers burned by the collapse of so-called stablecoin TerraUSD and troubled middlemen like Celsius Network and broker Voyager Digital Ltd.Central banks are also considering developing their own digital currencies for use in digital payments.But neither the recent price drops -- nor the potential challenge from central banks -- are expected to significantly upend the industry by dethroning the two dominant tokens, Bitcoin and Ether. A majority of respondents anticipate that one of those two will remain a driving force in five years even while a significant share sees central bank digital currencies taking on a key role.“Bitcoin still is powering large parts of the cryptoverse, while Ethereum is losing its lead,” said Ed Moya, senior market analyst at Oanda Corp., a foreign-exchange broker.There was a broader consensus about one corner of the market: Nonfungible tokens. NFTs became famous for attraction valuations in the millions of dollars for pictures of monkeys during the height of the crypto boom. But the overwhelming majority of those surveyed consider them to be just art projects or status symbols, with only 9% seeing them as an investment opportunity.Moreover, those hunting for the next asset-price bubble may do well to look elsewhere, since speculative manias rarely strike the same asset class twice. Ultimately, the next big run-up is expected by most respondents to be entirely unrelated to cryptocurrencies, with NFTs, the next generation of the internet known as web3 and other blockchain developments seen as having low chances of setting off the next frenzy.“The next financial bubble is always something different than the last bubble, so the majority is absolutely right on this one,” said Matt Maley, chief market strategist at Miller Tabak + Co.","news_type":1},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9017938331,"gmtCreate":1649733680024,"gmtModify":1676534560330,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"The decline is rather unwarranted, since the revenue still growing. The spending in near terms increase due to record-high fine and reinvestment into its subsidiaries. That's my two cents","listText":"The decline is rather unwarranted, since the revenue still growing. The spending in near terms increase due to record-high fine and reinvestment into its subsidiaries. That's my two cents","text":"The decline is rather unwarranted, since the revenue still growing. The spending in near terms increase due to record-high fine and reinvestment into its subsidiaries. That's my two cents","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017938331","repostId":"1178120671","repostType":4,"repost":{"id":"1178120671","pubTimestamp":1649730993,"share":"https://www.laohu8.com/m/news/1178120671?lang=&edition=full","pubTime":"2022-04-12 10:36","market":"us","language":"en","title":"Two Observations From Alibaba's (NYSE:BABA) Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1178120671","media":"Simply Wall St","summary":"It is fascinating that even after months of steady declines, Alibaba Group Holding Limited(NYSE: BAB","content":"<html><head></head><body><p>It is fascinating that even after months of steady declines, <b>Alibaba Group Holding Limited</b>(NYSE: BABA) still trades at a price-to-earnings (P/E) ratio of close to 30.</p><p>Yet, there are 2 interesting developments to follow. First, the stock doesn&#39;t have a significant short interest, and second – institutional investors are slowly stepping away.</p><p>Lack of Short Interest</p><p>When we research the companies that experienced substantial declines, we often see high short interests, sometimes well into double-digits.</p><p><img src=\"https://static.tigerbbs.com/73fa934cf98eb381ee786e20e51404e5\" tg-width=\"1658\" tg-height=\"424\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NYSE: BABA Short Interest 2021/2022, Source:MarketBeat</p><p>Yet, we cannot say the same for Alibaba. The stock lost over 65% from the peak, but short interest never went over 3%. Thus, we can conclude that this decline was not speculative but rather due to deteriorating investors&#39; confidence to accept higher valuation.</p><p>Tracking the Ownership Change Over the Months</p><p>As we periodically track the ownership changes of the stock over the months, here are 3 snapshots from the last few quarters.</p><p><b>1. August 2021</b></p><p><img src=\"https://static.tigerbbs.com/2b57d3d1e147712747dccb845e89d7ba\" tg-width=\"821\" tg-height=\"318\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NYSE: BABA Ownership Breakdown August 20th, 2021</p><p><b>2. December 2021</b></p><p><img src=\"https://static.tigerbbs.com/f485eedc4e74e1bc3bf64681bd66be8d\" tg-width=\"821\" tg-height=\"318\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NYSE: BABA Ownership Breakdown December 8th, 2021</p><p><b>3. April 2022</b></p><p><img src=\"https://static.tigerbbs.com/36093b2b3463346b0298520bd5427513\" tg-width=\"821\" tg-height=\"318\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NYSE: BABA Ownership Breakdown April 11th, 2022</p><p>As you can see from the trend, individual insiders have trimmed their stake while private companies boosted it.</p><p>However, the most significant change is the decline of institutional interest as they dropped about the same size of shares that retail investors picked up.</p><p>What Does This Mean for Investors?</p><p>All of the retail investors&#39; favorite stocks that experienced significant rallies in the short term did so because of short-squeezes. These were stocks with exceptionally high short interest, usually deep into double-digits.</p><p>Yet, at the moment, <b>Alibaba has a short interest of 1.68%</b>. While this doesn&#39;t mean a short-term rally cannot occur. As recently as one month ago, the stock rallied over 50%. A retail-driven short-squeeze is unlikely due to a lack of short-sellers.</p><p>As for the ownership changes, there are 2 observations – both of which are negative. The first one is the lack of insider buying after a significant decline. If anything, insiders decreased their stake from 3.3% to 3%. The second one is a <b>gradual decrease of interest from institutional investors,</b> who slowly reduced their stake by over 5%. While institutions make mistakes like everyone else, their decisions are generally classified as informed.</p></body></html>","source":"lsy1580989461469","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>Two Observations From Alibaba's (NYSE:BABA) Decline</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\">\nTwo Observations From Alibaba's (NYSE:BABA) Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 10:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/retail/nyse-baba/alibaba-group-holding/news/two-observations-from-alibabas-nysebaba-decline><strong>Simply Wall St</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is fascinating that even after months of steady declines, Alibaba Group Holding Limited(NYSE: BABA) still trades at a price-to-earnings (P/E) ratio of close to 30.Yet, there are 2 interesting ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/retail/nyse-baba/alibaba-group-holding/news/two-observations-from-alibabas-nysebaba-decline\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-SW","BABA":"阿里巴巴"},"source_url":"https://simplywall.st/stocks/us/retail/nyse-baba/alibaba-group-holding/news/two-observations-from-alibabas-nysebaba-decline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178120671","content_text":"It is fascinating that even after months of steady declines, Alibaba Group Holding Limited(NYSE: BABA) still trades at a price-to-earnings (P/E) ratio of close to 30.Yet, there are 2 interesting developments to follow. First, the stock doesn't have a significant short interest, and second – institutional investors are slowly stepping away.Lack of Short InterestWhen we research the companies that experienced substantial declines, we often see high short interests, sometimes well into double-digits.NYSE: BABA Short Interest 2021/2022, Source:MarketBeatYet, we cannot say the same for Alibaba. The stock lost over 65% from the peak, but short interest never went over 3%. Thus, we can conclude that this decline was not speculative but rather due to deteriorating investors' confidence to accept higher valuation.Tracking the Ownership Change Over the MonthsAs we periodically track the ownership changes of the stock over the months, here are 3 snapshots from the last few quarters.1. August 2021NYSE: BABA Ownership Breakdown August 20th, 20212. December 2021NYSE: BABA Ownership Breakdown December 8th, 20213. April 2022NYSE: BABA Ownership Breakdown April 11th, 2022As you can see from the trend, individual insiders have trimmed their stake while private companies boosted it.However, the most significant change is the decline of institutional interest as they dropped about the same size of shares that retail investors picked up.What Does This Mean for Investors?All of the retail investors' favorite stocks that experienced significant rallies in the short term did so because of short-squeezes. These were stocks with exceptionally high short interest, usually deep into double-digits.Yet, at the moment, Alibaba has a short interest of 1.68%. While this doesn't mean a short-term rally cannot occur. As recently as one month ago, the stock rallied over 50%. A retail-driven short-squeeze is unlikely due to a lack of short-sellers.As for the ownership changes, there are 2 observations – both of which are negative. The first one is the lack of insider buying after a significant decline. If anything, insiders decreased their stake from 3.3% to 3%. The second one is a gradual decrease of interest from institutional investors, who slowly reduced their stake by over 5%. While institutions make mistakes like everyone else, their decisions are generally classified as informed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019960386,"gmtCreate":1648514924923,"gmtModify":1676534348026,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Recent tons of adventitious events such as Omega&amp;Swatch, Will slapped Chris and reopening jb-sg continued to put a damper on ali's share price. But the company is a powerful presence in the world's economy. Have faith that it will be back to 180—220 level giving it 1 to 2 years. It is something that has to happen!&nbsp;","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Recent tons of adventitious events such as Omega&amp;Swatch, Will slapped Chris and reopening jb-sg continued to put a damper on ali's share price. But the company is a powerful presence in the world's economy. Have faith that it will be back to 180—220 level giving it 1 to 2 years. It is something that has to happen!&nbsp;","text":"$Alibaba(BABA)$Recent tons of adventitious events such as Omega&Swatch, Will slapped Chris and reopening jb-sg continued to put a damper on ali's share price. But the company is a powerful presence in the world's economy. Have faith that it will be back to 180—220 level giving it 1 to 2 years. It is something that has to happen!","images":[{"img":"https://community-static.tradeup.com/news/347b5d9ca8da88841aa8e971a787e9f6","width":"1080","height":"3723"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019960386","isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000641","authorId":"9000000000000641","name":"CyrilDavy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"content":"Should see $120+ tomorrow. Keep in mind this is holding sway during a major lockdown. Wait u til that’s lifted! 🚀","text":"Should see $120+ tomorrow. Keep in mind this is holding sway during a major lockdown. Wait u til that’s lifted! 🚀","html":"Should see $120+ tomorrow. Keep in mind this is holding sway during a major lockdown. Wait u til that’s lifted! 🚀"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":839535385,"gmtCreate":1629165484247,"gmtModify":1676529950820,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Keep dropping without end","listText":"Keep dropping without end","text":"Keep dropping without end","images":[{"img":"https://static.tigerbbs.com/28d5b91d0454b60ab0e92576931ffafa","width":"1080","height":"3531"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839535385","isVote":1,"tweetType":1,"viewCount":628,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830559467,"gmtCreate":1629083353159,"gmtModify":1676529924299,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"When will up 50%?","listText":"When will up 50%?","text":"When will up 50%?","images":[{"img":"https://static.tigerbbs.com/0aa771b93c4d2760d6b4ea4aaed84632","width":"1080","height":"2686"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/830559467","isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830521300,"gmtCreate":1629082668400,"gmtModify":1676529924099,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>down down it goes&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>down down it goes&nbsp;","text":"$Alibaba(BABA)$down down it goes","images":[{"img":"https://static.tigerbbs.com/27f8e039d57d9b921f6c493039bf2933","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/830521300","isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":897835278,"gmtCreate":1628904701694,"gmtModify":1676529889486,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;Got pushed down severely","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;Got pushed down severely","text":"$Alibaba(BABA)$ Got pushed down severely","images":[{"img":"https://static.tigerbbs.com/27f8e039d57d9b921f6c493039bf2933","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897835278","isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":894878468,"gmtCreate":1628818935654,"gmtModify":1676529864568,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Not high enough&nbsp;","listText":"Not high enough&nbsp;","text":"Not high enough","images":[{"img":"https://static.tigerbbs.com/10eb3176d3a0c3b7e266f2ef96ae6916","width":"1080","height":"3543"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894878468","isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":894879627,"gmtCreate":1628818775269,"gmtModify":1676529864482,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;long term down trend","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;long term down trend","text":"$Alibaba(BABA)$ long term down trend","images":[{"img":"https://static.tigerbbs.com/a5aae876068c185b0473e80ead7c376d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894879627","isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":895453540,"gmtCreate":1628768379080,"gmtModify":1676529847652,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Breaking past 10 tonight&nbsp;","listText":"Breaking past 10 tonight&nbsp;","text":"Breaking past 10 tonight","images":[{"img":"https://static.tigerbbs.com/25e5df3e05d54f9d1e009ea03e880dc6","width":"1080","height":"3543"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895453540","isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":892179209,"gmtCreate":1628645851401,"gmtModify":1676529807082,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Stuck below 10","listText":"Stuck below 10","text":"Stuck below 10","images":[{"img":"https://static.tigerbbs.com/cf5a5f2222db2b262aa59c940374a72e","width":"1080","height":"2686"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892179209","isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":896139600,"gmtCreate":1628560370600,"gmtModify":1703508113502,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Move to 100 also difficult&nbsp;","listText":"Move to 100 also difficult&nbsp;","text":"Move to 100 also difficult","images":[{"img":"https://static.tigerbbs.com/e3700b97d84fb7a815b9b0538486f88e","width":"1080","height":"3660"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896139600","isVote":1,"tweetType":1,"viewCount":478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":896190917,"gmtCreate":1628559833239,"gmtModify":1703508096516,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>how many years do i need to wait?&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>how many years do i need to wait?&nbsp;","text":"$Alibaba(BABA)$how many years do i need to wait?","images":[{"img":"https://static.tigerbbs.com/62eab187801db4e6dc80f2df5ec666e0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896190917","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":898317968,"gmtCreate":1628473526654,"gmtModify":1703506573305,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Really no more Re-mooning?&nbsp;","listText":"Really no more Re-mooning?&nbsp;","text":"Really no more Re-mooning?","images":[{"img":"https://static.tigerbbs.com/bcebea8c82bc9ab0af7274f5037a75e9","width":"1080","height":"3543"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898317968","isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9019960386,"gmtCreate":1648514924923,"gmtModify":1676534348026,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Recent tons of adventitious events such as Omega&amp;Swatch, Will slapped Chris and reopening jb-sg continued to put a damper on ali's share price. But the company is a powerful presence in the world's economy. Have faith that it will be back to 180—220 level giving it 1 to 2 years. It is something that has to happen!&nbsp;","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>Recent tons of adventitious events such as Omega&amp;Swatch, Will slapped Chris and reopening jb-sg continued to put a damper on ali's share price. But the company is a powerful presence in the world's economy. Have faith that it will be back to 180—220 level giving it 1 to 2 years. It is something that has to happen!&nbsp;","text":"$Alibaba(BABA)$Recent tons of adventitious events such as Omega&Swatch, Will slapped Chris and reopening jb-sg continued to put a damper on ali's share price. But the company is a powerful presence in the world's economy. Have faith that it will be back to 180—220 level giving it 1 to 2 years. It is something that has to happen!","images":[{"img":"https://community-static.tradeup.com/news/347b5d9ca8da88841aa8e971a787e9f6","width":"1080","height":"3723"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019960386","isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000641","authorId":"9000000000000641","name":"CyrilDavy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"content":"Should see $120+ tomorrow. Keep in mind this is holding sway during a major lockdown. Wait u til that’s lifted! 🚀","text":"Should see $120+ tomorrow. Keep in mind this is holding sway during a major lockdown. Wait u til that’s lifted! 🚀","html":"Should see $120+ tomorrow. Keep in mind this is holding sway during a major lockdown. Wait u til that’s lifted! 🚀"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":340502000,"gmtCreate":1617425715600,"gmtModify":1704699615796,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>&nbsp;Need tiger coins to offset the unrealized loss","listText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>&nbsp;Need tiger coins to offset the unrealized loss","text":"$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ Need tiger coins to offset the unrealized loss","images":[{"img":"https://static.tigerbbs.com/a27977754e5ce904e1f7bf318d1ec670","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":14,"repostSize":0,"link":"https://ttm.financial/post/340502000","isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":340984652,"gmtCreate":1617330947176,"gmtModify":1704698854858,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;give me 5 likes. Need tiger coins to offset loss","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;give me 5 likes. Need tiger coins to offset loss","text":"$Alibaba(BABA)$ give me 5 likes. Need tiger coins to offset loss","images":[{"img":"https://static.tigerbbs.com/98eeb288b7793f8a1ae9e14515ea97df","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/340984652","isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":190157877,"gmtCreate":1620607800499,"gmtModify":1704345366302,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Have watched forever&nbsp;","listText":"Have watched forever&nbsp;","text":"Have watched forever","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/190157877","repostId":"2134686276","repostType":4,"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117488988,"gmtCreate":1623157349844,"gmtModify":1704197247829,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;will see at least 30% rise","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;will see at least 30% rise","text":"$Alibaba(BABA)$ will see at least 30% rise","images":[{"img":"https://static.tigerbbs.com/e2fd04a26f061beee66609662700bc44","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117488988","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3548288367077292","authorId":"3548288367077292","name":"阿宝1230","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"content":"I bought 150 shares at 258, and I thought so. .","text":"I bought 150 shares at 258, and I thought so. .","html":"I bought 150 shares at 258, and I thought so. ."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130504778,"gmtCreate":1621555471894,"gmtModify":1704359466348,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/130504778","repostId":"2137763179","repostType":4,"repost":{"id":"2137763179","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":1621544173,"share":"https://www.laohu8.com/m/news/2137763179?lang=&edition=full","pubTime":"2021-05-21 04:56","market":"us","language":"en","title":"Wall Street ends to snap 3-day losing streak as technology stocks rise higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2137763179","media":"Reuters","summary":"May 20 (Reuters) - Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed ","content":"<p>May 20 (Reuters) - Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.</p><p>Bitcoin clawed back some lost ground to trade near $40,000 a day after a brutal selloff, helping renew appetite for risk. Crypto-exchange operator Coinbase Global&nbsp;rose 3.83%, while Crypto-miners Riot Blockchain&nbsp;and Marathon Digital Holdings&nbsp;gained 0.17% and 0.83% respectively.</p><p>\"There's a big risk, regulatory risk, to crypto that's not fully appreciated,\" said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. \"The central banks have a monopoly on currency. And so we just think that it's a little bit surprising they haven't enforced that monopoly.\"</p><p>The number of Americans filing for new claims for unemployment benefits fell to 444,000 in the week ended May 15, down for the third straight time, suggesting job growth picked up this month, though companies still are desperate for workers.</p><p>Wall Street's main indexes fell on Wednesday, extending losses since, after minutes from the Federal Reserve's meeting last month indicated some policymakers thought it would be appropriate to discuss easing of crisis-era support, such as tapering bond purchases, in upcoming meetings if the strong economic momentum is sustained.</p><p>\"Right now really there is just <a href=\"https://laohu8.com/S/AONE\">one</a> driver of the market, and that is the Fed and potential timing of tapering and quantitative easing,\" Hatfield added.</p><p>Signs of rising inflation have increased bets that the Federal Reserve may tighten its policy soon, hitting rate-sensitive growth stocks that set the tech-heavy Nasdaq on track for its fifth consecutive weekly drop.</p><p>The Dow Jones Industrial Average&nbsp;rose 188.11 points, or 0.55%, to 34,084.15, the S&amp;P 500    gained 43.44 points, or 1.06%, to 4,159.12 and the Nasdaq Composite&nbsp;added 236.00 points, or 1.77%, to 13,535.74.</p><p>Volume on U.S. exchanges was 9.30 billion shares, compared with the 10.05 billion average for the full session over the last 20 trading days.</p><p>Retailers were a weak spot. Ralph Lauren Corp&nbsp;dropped 7.01% after it forecast full-year sales below analysts' estimates, making it the largest percentage decliner on the S&amp;P 500,&nbsp;Kohl's Corp&nbsp;slumped 10.17% after warning of a hit to its full-year profit margin from higher labor and shipping costs, as well as selling fewer products at full price.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.42-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 28 new lows.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Reports</i></b></p><p><a href=\"https://laohu8.com/NW/2137757969\" target=\"_blank\">Applied Materials reports record sales as chip shortage boosts equipment business</a></p><p><a href=\"https://laohu8.com/NW/1129529284\" target=\"_blank\">Ross Stores Earnings, Revenue Beat in Q1</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends to snap 3-day losing streak as technology stocks rise higher</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\">\nWall Street ends to snap 3-day losing streak as technology stocks rise higher\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\">2021-05-21 04:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 20 (Reuters) - Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.</p><p>Bitcoin clawed back some lost ground to trade near $40,000 a day after a brutal selloff, helping renew appetite for risk. Crypto-exchange operator Coinbase Global&nbsp;rose 3.83%, while Crypto-miners Riot Blockchain&nbsp;and Marathon Digital Holdings&nbsp;gained 0.17% and 0.83% respectively.</p><p>\"There's a big risk, regulatory risk, to crypto that's not fully appreciated,\" said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. \"The central banks have a monopoly on currency. And so we just think that it's a little bit surprising they haven't enforced that monopoly.\"</p><p>The number of Americans filing for new claims for unemployment benefits fell to 444,000 in the week ended May 15, down for the third straight time, suggesting job growth picked up this month, though companies still are desperate for workers.</p><p>Wall Street's main indexes fell on Wednesday, extending losses since, after minutes from the Federal Reserve's meeting last month indicated some policymakers thought it would be appropriate to discuss easing of crisis-era support, such as tapering bond purchases, in upcoming meetings if the strong economic momentum is sustained.</p><p>\"Right now really there is just <a href=\"https://laohu8.com/S/AONE\">one</a> driver of the market, and that is the Fed and potential timing of tapering and quantitative easing,\" Hatfield added.</p><p>Signs of rising inflation have increased bets that the Federal Reserve may tighten its policy soon, hitting rate-sensitive growth stocks that set the tech-heavy Nasdaq on track for its fifth consecutive weekly drop.</p><p>The Dow Jones Industrial Average&nbsp;rose 188.11 points, or 0.55%, to 34,084.15, the S&amp;P 500    gained 43.44 points, or 1.06%, to 4,159.12 and the Nasdaq Composite&nbsp;added 236.00 points, or 1.77%, to 13,535.74.</p><p>Volume on U.S. exchanges was 9.30 billion shares, compared with the 10.05 billion average for the full session over the last 20 trading days.</p><p>Retailers were a weak spot. Ralph Lauren Corp&nbsp;dropped 7.01% after it forecast full-year sales below analysts' estimates, making it the largest percentage decliner on the S&amp;P 500,&nbsp;Kohl's Corp&nbsp;slumped 10.17% after warning of a hit to its full-year profit margin from higher labor and shipping costs, as well as selling fewer products at full price.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.42-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 28 new lows.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Reports</i></b></p><p><a href=\"https://laohu8.com/NW/2137757969\" target=\"_blank\">Applied Materials reports record sales as chip shortage boosts equipment business</a></p><p><a href=\"https://laohu8.com/NW/1129529284\" target=\"_blank\">Ross Stores Earnings, Revenue Beat in Q1</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137763179","content_text":"May 20 (Reuters) - Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.Bitcoin clawed back some lost ground to trade near $40,000 a day after a brutal selloff, helping renew appetite for risk. Crypto-exchange operator Coinbase Global rose 3.83%, while Crypto-miners Riot Blockchain and Marathon Digital Holdings gained 0.17% and 0.83% respectively.\"There's a big risk, regulatory risk, to crypto that's not fully appreciated,\" said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. \"The central banks have a monopoly on currency. And so we just think that it's a little bit surprising they haven't enforced that monopoly.\"The number of Americans filing for new claims for unemployment benefits fell to 444,000 in the week ended May 15, down for the third straight time, suggesting job growth picked up this month, though companies still are desperate for workers.Wall Street's main indexes fell on Wednesday, extending losses since, after minutes from the Federal Reserve's meeting last month indicated some policymakers thought it would be appropriate to discuss easing of crisis-era support, such as tapering bond purchases, in upcoming meetings if the strong economic momentum is sustained.\"Right now really there is just one driver of the market, and that is the Fed and potential timing of tapering and quantitative easing,\" Hatfield added.Signs of rising inflation have increased bets that the Federal Reserve may tighten its policy soon, hitting rate-sensitive growth stocks that set the tech-heavy Nasdaq on track for its fifth consecutive weekly drop.The Dow Jones Industrial Average rose 188.11 points, or 0.55%, to 34,084.15, the S&P 500    gained 43.44 points, or 1.06%, to 4,159.12 and the Nasdaq Composite added 236.00 points, or 1.77%, to 13,535.74.Volume on U.S. exchanges was 9.30 billion shares, compared with the 10.05 billion average for the full session over the last 20 trading days.Retailers were a weak spot. Ralph Lauren Corp dropped 7.01% after it forecast full-year sales below analysts' estimates, making it the largest percentage decliner on the S&P 500, Kohl's Corp slumped 10.17% after warning of a hit to its full-year profit margin from higher labor and shipping costs, as well as selling fewer products at full price.Advancing issues outnumbered declining ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.42-to-1 ratio favored advancers.The S&P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 66 new highs and 28 new lows.Financial ReportsApplied Materials reports record sales as chip shortage boosts equipment businessRoss Stores Earnings, Revenue Beat in Q1","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192142805,"gmtCreate":1621169204107,"gmtModify":1704353565570,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/192142805","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","pubTimestamp":1621004581,"share":"https://www.laohu8.com/m/news/1163454382?lang=&edition=full","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":159,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581988841626176","authorId":"3581988841626176","name":"JKJKJK","avatar":"https://static.tigerbbs.com/882030abc3e0ffb1122b6a566ab01832","crmLevel":2,"crmLevelSwitch":0},"content":"Done. Pls respond to my comment.","text":"Done. Pls respond to my comment.","html":"Done. Pls respond to my comment."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355515965,"gmtCreate":1617084744657,"gmtModify":1704801754321,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>have a feeling this one might go as high as 1.48 in near terms!","listText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>have a feeling this one might go as high as 1.48 in near terms!","text":"$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$have a feeling this one might go as high as 1.48 in near terms!","images":[{"img":"https://static.tigerbbs.com/5721d029f4f1d9d1f3a3e882201b944f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/355515965","isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0},"content":"Huat to all","text":"Huat to all","html":"Huat to all"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":199805112,"gmtCreate":1620693628436,"gmtModify":1704346780353,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/199805112","repostId":"2134551566","repostType":4,"repost":{"id":"2134551566","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":1620678383,"share":"https://www.laohu8.com/m/news/2134551566?lang=&edition=full","pubTime":"2021-05-11 04:26","market":"us","language":"en","title":"Wall Street closes lower as inflation fears prompt tech sell-off","url":"https://stock-news.laohu8.com/highlight/detail?id=2134551566","media":"Reuters","summary":"* Electric vehicle shares drop after Workhorse miss. * Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%. NEW YORK, May 10  - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.\"The market leader","content":"<p>* Electric vehicle shares drop after Workhorse miss</p><p>* Rising commodity prices fuel inflation concerns</p><p>* Tech-related stocks pull Nasdaq lower</p><p>* Indexes down: Dow 0.10%, S&amp;P 1.04%, Nasdaq 2.55%</p><p>NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.</p><p>Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.</p><p>\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"</p><p>A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.</p><p>\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"</p><p>The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities <a href=\"https://laohu8.com/S/TIPS\">$(TIPS)$</a> touched their highest levels since 2011 and 2013, respectively.</p><p>\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.</p><p>Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.</p><p>A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.</p><p>The Dow Jones Industrial Average&nbsp;fell 34.94 points, or 0.1%, to 34,742.82, the S&amp;P 500&nbsp;lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite&nbsp;dropped 350.38 points, or 2.55%, to 13,401.86.</p><p>Of the 11 major sectors in the S&amp;P 500, six closed red. Tech was the biggest loser, sliding 2.5%.</p><p>First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&amp;P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.</p><p>Analysts now see year-on-year S&amp;P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per Refinitiv</p><p>Hotel operator Marriott International Inc&nbsp;missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.</p><p>After the bell, its rival Wynn Resorts Ltd&nbsp;missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.</p><p>Electric vehicle stocks put on the brakes, with Tesla Inc&nbsp;down 6.4% and Fisker&nbsp;off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.</p><p>FireEye&nbsp;rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.</p><p>Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.</p><p><b>Here are</b>&nbsp;<b>company's financial statements</b></p><p><a href=\"https://laohu8.com/NW/2134656364\" target=\"_blank\">Occidental Petroleum loss narrows as crude prices rebound</a></p><p><a href=\"https://laohu8.com/NW/2134406655\" target=\"_blank\">Affirm beats on revenue, sees early recovery in travel spending</a></p><p><a href=\"https://laohu8.com/NW/2134439656\" target=\"_blank\">Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations</a></p><p><a href=\"https://laohu8.com/NW/2134564536\" target=\"_blank\">TuSimple Holdings EPS beats by $0.01, misses on revenue</a></p><p><a href=\"https://laohu8.com/NW/2134659571\" target=\"_blank\">Novavax Reports Q1 Loss, Tops Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2134995659\" target=\"_blank\">3D Systems Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/1145839299\" target=\"_blank\">Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test</a></p><p><a href=\"https://laohu8.com/NW/1169419141\" target=\"_blank\">Roblox revenue grows 140% in first earnings report since company went public</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street closes lower as inflation fears prompt tech sell-off</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\">\nWall Street closes lower as inflation fears prompt tech sell-off\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\">2021-05-11 04:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Electric vehicle shares drop after Workhorse miss</p><p>* Rising commodity prices fuel inflation concerns</p><p>* Tech-related stocks pull Nasdaq lower</p><p>* Indexes down: Dow 0.10%, S&amp;P 1.04%, Nasdaq 2.55%</p><p>NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.</p><p>Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.</p><p>\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"</p><p>A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.</p><p>\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"</p><p>The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities <a href=\"https://laohu8.com/S/TIPS\">$(TIPS)$</a> touched their highest levels since 2011 and 2013, respectively.</p><p>\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.</p><p>Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.</p><p>A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.</p><p>The Dow Jones Industrial Average&nbsp;fell 34.94 points, or 0.1%, to 34,742.82, the S&amp;P 500&nbsp;lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite&nbsp;dropped 350.38 points, or 2.55%, to 13,401.86.</p><p>Of the 11 major sectors in the S&amp;P 500, six closed red. Tech was the biggest loser, sliding 2.5%.</p><p>First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&amp;P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.</p><p>Analysts now see year-on-year S&amp;P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per Refinitiv</p><p>Hotel operator Marriott International Inc&nbsp;missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.</p><p>After the bell, its rival Wynn Resorts Ltd&nbsp;missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.</p><p>Electric vehicle stocks put on the brakes, with Tesla Inc&nbsp;down 6.4% and Fisker&nbsp;off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.</p><p>FireEye&nbsp;rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.</p><p>Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.</p><p><b>Here are</b>&nbsp;<b>company's financial statements</b></p><p><a href=\"https://laohu8.com/NW/2134656364\" target=\"_blank\">Occidental Petroleum loss narrows as crude prices rebound</a></p><p><a href=\"https://laohu8.com/NW/2134406655\" target=\"_blank\">Affirm beats on revenue, sees early recovery in travel spending</a></p><p><a href=\"https://laohu8.com/NW/2134439656\" target=\"_blank\">Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations</a></p><p><a href=\"https://laohu8.com/NW/2134564536\" target=\"_blank\">TuSimple Holdings EPS beats by $0.01, misses on revenue</a></p><p><a href=\"https://laohu8.com/NW/2134659571\" target=\"_blank\">Novavax Reports Q1 Loss, Tops Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2134995659\" target=\"_blank\">3D Systems Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/1145839299\" target=\"_blank\">Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test</a></p><p><a href=\"https://laohu8.com/NW/1169419141\" target=\"_blank\">Roblox revenue grows 140% in first earnings report since company went public</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134551566","content_text":"* Electric vehicle shares drop after Workhorse miss* Rising commodity prices fuel inflation concerns* Tech-related stocks pull Nasdaq lower* Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities $(TIPS)$ touched their highest levels since 2011 and 2013, respectively.\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.The Dow Jones Industrial Average fell 34.94 points, or 0.1%, to 34,742.82, the S&P 500 lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite dropped 350.38 points, or 2.55%, to 13,401.86.Of the 11 major sectors in the S&P 500, six closed red. Tech was the biggest loser, sliding 2.5%.First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.Analysts now see year-on-year S&P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per RefinitivHotel operator Marriott International Inc missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.After the bell, its rival Wynn Resorts Ltd missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.Electric vehicle stocks put on the brakes, with Tesla Inc down 6.4% and Fisker off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.FireEye rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.The S&P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.Here are company's financial statementsOccidental Petroleum loss narrows as crude prices reboundAffirm beats on revenue, sees early recovery in travel spendingYalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued OperationsTuSimple Holdings EPS beats by $0.01, misses on revenueNovavax Reports Q1 Loss, Tops Revenue Estimates3D Systems Surpasses Q1 Earnings and Revenue EstimatesVirgin Galactic shares fall after another quarterly loss, no date set for next spaceflight testRoblox revenue grows 140% in first earnings report since company went public","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343764947,"gmtCreate":1617756361889,"gmtModify":1704702653238,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I think time has changed as money in the world has largely increased through decades. There is no such thing as great depression anymore, and stocks only go one way up.&nbsp;","listText":"I think time has changed as money in the world has largely increased through decades. There is no such thing as great depression anymore, and stocks only go one way up.&nbsp;","text":"I think time has changed as money in the world has largely increased through decades. There is no such thing as great depression anymore, and stocks only go one way up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/343764947","repostId":"1101907559","repostType":4,"repost":{"id":"1101907559","pubTimestamp":1617672655,"share":"https://www.laohu8.com/m/news/1101907559?lang=&edition=full","pubTime":"2021-04-06 09:30","market":"us","language":"en","title":"Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time","url":"https://stock-news.laohu8.com/highlight/detail?id=1101907559","media":"marketwatch","summary":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management. Its reach and operating practices were","content":"<blockquote>\n <b>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.</b>\n</blockquote>\n<p>Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.</p>\n<p>In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.</p>\n<p>Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.</p>\n<p>The trend? Every 10 years or so, and they all look different.&nbsp;Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?</p>\n<p>A family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.</p>\n<p><b>Unregulated money managers</b></p>\n<p>Here’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)</p>\n<p>This appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player&nbsp;Vipshop Holdings&nbsp;Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company&nbsp;GSX Techedu&nbsp;Inc.GSX,-10.63%and U.S. media companiesViacomCBS&nbsp;Inc.VIAC,-3.90%and&nbsp;Discovery&nbsp;Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.</p>\n<p>The problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including&nbsp;Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%,&nbsp;Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc.&nbsp;NMR,+1.87%.</p>\n<p>But since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre&nbsp;reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.</p>\n<p><b>Danger of counterparty risk</b></p>\n<p>This is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.</p>\n<p>So is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.</p>\n<p>One peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.</p>\n<p>But federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.</p>\n<p><b>Yellen on the case</b></p>\n<p>This issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”</p>\n<p>Most financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.</p>\n<p>The Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?</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>Opinion: Financial crises get triggered about every 10 years — Archegos might be right on time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpinion: Financial crises get triggered about every 10 years — Archegos might be right on time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-06 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of ...</p>\n\n<a href=\"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?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":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/financial-crises-happen-about-every-10-years-which-makes-the-archegos-meltdown-unnerving-11617634942?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101907559","content_text":"No one, for now, can say for sure that the so-called family office’s billions in investment losses won’t spread.\n\nFinancial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.\nIn 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. —Long-Term Capital Management(LTCM). Its reach and operating practices were such that Federal Reserve Chairman Alan Greenspan said that when LTCM failed, “he had never seen anything in his lifetime that compared to the terror” he felt. LTCM was deemed “too big to fail,” and he engineered a bailout by 14 major U.S. financial institutions.\nExactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system. Once again, big banks were deemed too big to fail and taxpayers came to the rescue.\nThe trend? Every 10 years or so, and they all look different. Are we in the early stages of a new crisis now, with the blowup at the family office Archegos Capital Management LP?\nA family office, for the uninitiated, is a private wealth management vehicle for the ultra-wealthy. Here’s what I mean by ultra-wealthy: Consulting firm EY estimates there are some 10,000 family offices globally, but manage, says a separate estimate by market research firm Campden Research, nearly $6 trillion. That $6 trillion is likely far higher now given that it’s based on 2019 data.\nUnregulated money managers\nHere’s the potential danger. Family offices generally aren’t regulated. The 1940 Investment Advisers Act says firms with 15 clients or fewer don’t have to register with the Securities and Exchange Commission. What this means is that trillions of dollars are in play and no one can really say who’s running the money, what it’s invested in, how much leverage is being used, and what kind of counterparty risk may exist. (Counterparty risk is the probability that one party involved in a financial transaction could default on a contractual obligation to someone else.)\nThis appears to be the case with Archegos. The firm bet heavily on certain Chinese stocks, including e-commerce player Vipshop Holdings Ltd.VIPS,-1.19%,U.S.-listed Chinese tutoring company GSX Techedu Inc.GSX,-10.63%and U.S. media companiesViacomCBS Inc.VIAC,-3.90%and Discovery Inc.DISCA,-3.86%,among others. Share prices have tumbled lately, sparking large sales — some $30 billion — by Archegos.\nThe problem is that only about a third of that, or $10 billion, was its own money. We now know that Archegos worked with some of the biggest names on Wall Street, including Credit Suisse Group AGCS,+1.59%,UBS Group AGUBS,+1.01%,Goldman Sachs Group Inc.GS,-1.25%, Morgan StanleyMS,-0.28%,Deutsche Bank AGDB,+0.74%and Nomura Holdings Inc. NMR,+1.87%.\nBut since family offices are largely allowed to operate unregulated, who’s to say how much money is really involved here and what the extent of market risk is? My colleague Mark DeCambre reported last week that Archegos’ true exposures to bad trades could actuallybe closer to $100 billion.\nDanger of counterparty risk\nThis is where counterparty risk comes in. As Archegos’ bets went south, the above banks — looking at losses of their own — hit the firm with margin calls. Deutsche quickly dumped about $4 billion in holdings, while Goldman and Morgan Stanley are also said to have unwound their positions, perhaps limiting their downside.\nSo is this a financial crisis? It doesn’t appear to be. Even so, the Securities and Exchange Commission has opened a preliminary investigation into Archegos and its founder, Bill Hwang.\nOne peer, Tom Lee, the research chief of Fundstrat Global Advisors, calls Hwang one of the “top 10 of the best investment minds” he knows.\nBut federal regulators may have a lesser opinion. In 2012, Hwang’s former hedge fund, Tiger Asia Management, pleaded guilty and paid more than $60 million in penalties after it was accused of trading on illegal tips about Chinese banks. The SEC banned Hwang from managing money on behalf of clients — essentially booting him from the hedge fund industry. So Hwang opened Archegos, and again, family offices aren’t generally aren’t regulated.\nYellen on the case\nThis issue is on Treasury Secretary Janet Yellen’s radar. She said last week that greater oversight of these private corners of the financial industry is needed. The Financial Stability Oversight Council (FSOC), which she oversees, has revived a task force to help agencies better “share data, identify risks and work to strengthen our financial system.”\nMost financial crises end up with American taxpayers getting stuck with the tab. Gains belong to the risk-takers. But losses — they belong to us. To paraphrase Abe Lincoln, family offices — a multi-trillion dollar industry largely allowed to operate in the shadows in a global financial system that is more intertwined than ever — are of the super-wealthy, by the super-wealthy and for the super-wealthy. And no one else.\nThe Archegos collapse may or may not be the beginning of yet another financial crisis. But who’s to say what thousands of other family offices are doing with their trillions, and whether similar problems could blow up?","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153883507,"gmtCreate":1625017183209,"gmtModify":1703850179967,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>&nbsp;there will be one big surge back to 20. Count on it","listText":"<a href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>&nbsp;there will be one big surge back to 20. Count on it","text":"$Clover Health Corp(CLOV)$ there will be one big surge back to 20. Count on it","images":[{"img":"https://static.tigerbbs.com/ef560387b482c4a6c8a96a90de1958df","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153883507","isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":341094022,"gmtCreate":1617760043566,"gmtModify":1704702735581,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/341094022","repostId":"2125971198","repostType":4,"repost":{"id":"2125971198","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":1617757927,"share":"https://www.laohu8.com/m/news/2125971198?lang=&edition=full","pubTime":"2021-04-07 09:12","market":"us","language":"en","title":"Dollar on defensive as U.S. yields slip on reduced Fed tightening bets","url":"https://stock-news.laohu8.com/highlight/detail?id=2125971198","media":"Reuters","summary":"TOKYO, April 7 (Reuters) - The dollar softened to a two-week low against a basket of currencies on W","content":"<p>TOKYO, April 7 (Reuters) - The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged.</p><p>The dollar index wallowed near a two-week low of 92.314, slipping further from a five-month high of 93.439 set on March 31.</p><p>The euro rallied to a two-week high of $1.18785    and last stood at $1.1871. The common currency jumped almost a pence against the British pound overnight to trade at 85.90 pence, its biggest gain since Dec. 10.</p><p>The dollar changed hands at 109.77 yen, extending its retreat from a <a href=\"https://laohu8.com/S/AONE\">one</a>-year high of 110.97 touched a week ago.</p><p>The dollar's decline came as investors recalibrated their expectations that the Federal Reserve will tighten its policy earlier than it has suggested.</p><p>Financial markets have expected accelerating U.S. economic growth and inflation could force the Fed to abandon its pledge earlier, with interest rate futures pricing in a rate hike as early as late 2022 earlier this week.</p><p>The five-year U.S. Treasury yields, however, dropped sharply to 0.874%    after hitting a 14-month high of 0.988% on Monday.</p><p>The five-year Treasury yield is now seen as a major barometer of how much faith investors have in the Federal Reserve's pledge that it does not expect to raise interest rates until 2024.</p><p>Traders saw the dollar's retreat as a correction after its rally last month. In particular, against the yen, the dollar made its biggest monthly gains in more than four years in March, rising almost 4%.</p><p>\"Last quarter, the dollar got a boost from the Senate runoff in Georgia, Biden administration's coronavirus relief package and then infrastructure plan. This quarter we are running out of such big themes and the market will be looking to economic fundamentals. We expect the dollar to remain strong but it is unlikely to rise as much as it did last quarter,\" said Shinichiro Kadota, senior currency strategist at Barclays.</p><p>Elsewhere the Australian dollar held firm near two-week high against the dollar at $0.7661    while the British pound slipped to $1.3830    from Tuesday's two-week high of $1.3910.</p><p>Bitcoin was flat at $57,966.</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>Dollar on defensive as U.S. yields slip on reduced Fed tightening bets</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\">\nDollar on defensive as U.S. yields slip on reduced Fed tightening bets\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\">2021-04-07 09:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TOKYO, April 7 (Reuters) - The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged.</p><p>The dollar index wallowed near a two-week low of 92.314, slipping further from a five-month high of 93.439 set on March 31.</p><p>The euro rallied to a two-week high of $1.18785    and last stood at $1.1871. The common currency jumped almost a pence against the British pound overnight to trade at 85.90 pence, its biggest gain since Dec. 10.</p><p>The dollar changed hands at 109.77 yen, extending its retreat from a <a href=\"https://laohu8.com/S/AONE\">one</a>-year high of 110.97 touched a week ago.</p><p>The dollar's decline came as investors recalibrated their expectations that the Federal Reserve will tighten its policy earlier than it has suggested.</p><p>Financial markets have expected accelerating U.S. economic growth and inflation could force the Fed to abandon its pledge earlier, with interest rate futures pricing in a rate hike as early as late 2022 earlier this week.</p><p>The five-year U.S. Treasury yields, however, dropped sharply to 0.874%    after hitting a 14-month high of 0.988% on Monday.</p><p>The five-year Treasury yield is now seen as a major barometer of how much faith investors have in the Federal Reserve's pledge that it does not expect to raise interest rates until 2024.</p><p>Traders saw the dollar's retreat as a correction after its rally last month. In particular, against the yen, the dollar made its biggest monthly gains in more than four years in March, rising almost 4%.</p><p>\"Last quarter, the dollar got a boost from the Senate runoff in Georgia, Biden administration's coronavirus relief package and then infrastructure plan. This quarter we are running out of such big themes and the market will be looking to economic fundamentals. We expect the dollar to remain strong but it is unlikely to rise as much as it did last quarter,\" said Shinichiro Kadota, senior currency strategist at Barclays.</p><p>Elsewhere the Australian dollar held firm near two-week high against the dollar at $0.7661    while the British pound slipped to $1.3830    from Tuesday's two-week high of $1.3910.</p><p>Bitcoin was flat at $57,966.</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":"2125971198","content_text":"TOKYO, April 7 (Reuters) - The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged.The dollar index wallowed near a two-week low of 92.314, slipping further from a five-month high of 93.439 set on March 31.The euro rallied to a two-week high of $1.18785    and last stood at $1.1871. The common currency jumped almost a pence against the British pound overnight to trade at 85.90 pence, its biggest gain since Dec. 10.The dollar changed hands at 109.77 yen, extending its retreat from a one-year high of 110.97 touched a week ago.The dollar's decline came as investors recalibrated their expectations that the Federal Reserve will tighten its policy earlier than it has suggested.Financial markets have expected accelerating U.S. economic growth and inflation could force the Fed to abandon its pledge earlier, with interest rate futures pricing in a rate hike as early as late 2022 earlier this week.The five-year U.S. Treasury yields, however, dropped sharply to 0.874%    after hitting a 14-month high of 0.988% on Monday.The five-year Treasury yield is now seen as a major barometer of how much faith investors have in the Federal Reserve's pledge that it does not expect to raise interest rates until 2024.Traders saw the dollar's retreat as a correction after its rally last month. In particular, against the yen, the dollar made its biggest monthly gains in more than four years in March, rising almost 4%.\"Last quarter, the dollar got a boost from the Senate runoff in Georgia, Biden administration's coronavirus relief package and then infrastructure plan. This quarter we are running out of such big themes and the market will be looking to economic fundamentals. We expect the dollar to remain strong but it is unlikely to rise as much as it did last quarter,\" said Shinichiro Kadota, senior currency strategist at Barclays.Elsewhere the Australian dollar held firm near two-week high against the dollar at $0.7661    while the British pound slipped to $1.3830    from Tuesday's two-week high of $1.3910.Bitcoin was flat at $57,966.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0},"content":"Give me a like","text":"Give me a like","html":"Give me a like"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952667076,"gmtCreate":1674694782896,"gmtModify":1676538953313,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>today 128, three months later 180","listText":"<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>today 128, three months later 180","text":"$Alibaba(09988)$ today 128, three months later 180","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952667076","isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896190917,"gmtCreate":1628559833239,"gmtModify":1703508096516,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>how many years do i need to wait?&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>how many years do i need to wait?&nbsp;","text":"$Alibaba(BABA)$how many years do i need to wait?","images":[{"img":"https://static.tigerbbs.com/62eab187801db4e6dc80f2df5ec666e0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896190917","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165270823,"gmtCreate":1624149314862,"gmtModify":1703829360554,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;Still no signs of going up","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;Still no signs of going up","text":"$Alibaba(BABA)$ Still no signs of going up","images":[{"img":"https://static.tigerbbs.com/02a4ef049e432e06dc800f14f6bdaa93","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165270823","isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":379616363,"gmtCreate":1618726598452,"gmtModify":1704714383659,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Whenever you see such news, buy the shit out of all quality stocks&nbsp;","listText":"Whenever you see such news, buy the shit out of all quality stocks&nbsp;","text":"Whenever you see such news, buy the shit out of all quality stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/379616363","repostId":"1156411249","repostType":4,"repost":{"id":"1156411249","pubTimestamp":1618562497,"share":"https://www.laohu8.com/m/news/1156411249?lang=&edition=full","pubTime":"2021-04-16 16:41","market":"us","language":"en","title":"Einhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1156411249","media":"zerohedge","summary":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent t","content":"<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&amp;P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.</p><p>That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"</p><p>He then asks if the tide has<i><b>finally</b></i>turned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"</p><p><img src=\"https://static.tigerbbs.com/a5db342a0e7b68b8405ce6d4041b71a0\" tg-width=\"500\" tg-height=\"339\" referrerpolicy=\"no-referrer\">Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&amp;P 500 index with half the net exposure.</p><p>Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:</p><blockquote><i>When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.</i></blockquote><p>As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protect<s>the stock market and corporate bondholders</s>the economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"</p><p>The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:</p><blockquote><i>... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know?</i> <i><b>Do price increases come with a label that says “transitory”?</b></i> <i>Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.</i></blockquote><p>It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:</p><blockquote><i>The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.</i></blockquote><p>To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"</p><p>Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in<i>15 minutes</i>), \"it remains to be seen if it will have the stomach to use them when the time comes. That<b>is a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.</b>\"</p><p>The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:</p><ul><li><b>Brighthouse Financial (BHF, +22%)</b>benefitted from rising interest rates;</li><li><b>Danimer Scientific (DNMR, +61%)</b>began its life as a public company;</li><li><b>Concentrix (CNXC, +52%)</b>benefitted from strong demand and rising estimates;</li><li><b>Resideo Technologies (REZI, +33%)</b>was helped by the strong housing market;</li><li><b>Change Healthcare (CHNG, +18%)</b>agreed to be acquired by UnitedHealthcare;</li><li><b>AerCap Holdings (AER, +29%)</b>agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; and</li><li><b>An undisclosed healthcare short (-41%)</b>fell due to reduced government reimbursement for its product.</li></ul><p><i>(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).</i></p><p>Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.</p><p>What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:</p><blockquote><i>In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go.</i> <i><b>The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed.</b></i> <i>If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share.</i> <i><b>First, it is very healthy for market participants to discuss and debate stocks.</b></i> <i>This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed,</i> <i><b>but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick.</b></i> <i>Second, it is also fine to make bad stock picks.</i> <i><b>If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work?</b></i> <i>Third,</i> <i><b>payment for order flow is just disguised commissions.</b></i> <i>We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.”</i> <i><b>If you want the broker to work for you, pay a commission.</b></i> <i>Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.</i></blockquote><p>The punchline:<i>Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:</i></p><blockquote><i>Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation.</i> <i><b>Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor.</b></i> <i>As for Mr. Musk,</i> <i><b>we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants.</b></i> <i>Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets.</i> <i><b>Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat.</b></i> <i>It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.</i></blockquote><p>Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.</p><p>First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:</p><blockquote><i>The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.</i></blockquote><p>Einhorn next highlights one of the stocks most hated by the bearish community: GSX:</p><blockquote>The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, <b>causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.</b>The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.</blockquote><p>The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:</p><blockquote><i>Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September.</i> <i><b>HWIN reached a market cap of $113 million on February 8.</b></i> <i>The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.</i></blockquote><p>We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter is<i>identical</i>to ours, when we discussed the insane stock moves that dominated much of January and February:</p><blockquote><i><b>\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"</b></i></blockquote><p>Einhorn's full letter is below:</p><p><img src=\"https://static.tigerbbs.com/519bd51d93865787f487bbfdc930c706\" tg-width=\"946\" tg-height=\"496\"><img src=\"https://static.tigerbbs.com/1691d37b71b28794a2bc900aaf5b313e\" tg-width=\"857\" tg-height=\"687\"><img src=\"https://static.tigerbbs.com/a5d1e93a00a6d64936e9c09b9b940dbf\" tg-width=\"891\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/0c11ad8e34545a98ba8ee9c4fa8a78d9\" tg-width=\"909\" tg-height=\"477\"><img src=\"https://static.tigerbbs.com/fc8253cd105c8e2727495e1d34c6769b\" tg-width=\"887\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/e120ac355802479930a1b1e84bf46e3e\" tg-width=\"901\" tg-height=\"528\"><img src=\"https://static.tigerbbs.com/28989c8e07df2deede3e092055e09e70\" tg-width=\"895\" tg-height=\"564\"><img src=\"https://static.tigerbbs.com/7d526b287d859e129d81853c0be2ace0\" tg-width=\"869\" tg-height=\"559\"><img src=\"https://static.tigerbbs.com/8599ce79c9573aed1ca3b1266bd3400a\" tg-width=\"871\" tg-height=\"534\"><img src=\"https://static.tigerbbs.com/3ae554a242066a92e4095f35260ce325\" tg-width=\"917\" tg-height=\"639\"><img src=\"https://static.tigerbbs.com/df45fd1c31a9a0b5a376ec0fe6037598\" tg-width=\"883\" tg-height=\"522\"><img src=\"https://static.tigerbbs.com/b72d0f63d22768ed27882dca1e9f6048\" tg-width=\"878\" tg-height=\"420\"><img src=\"https://static.tigerbbs.com/cf93a682ea1bc652b5107e7ecf902b84\" tg-width=\"862\" tg-height=\"456\"><img src=\"https://static.tigerbbs.com/f0326abf9ee7f93425e7d4cb20e1f375\" tg-width=\"900\" tg-height=\"657\"></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEinhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 16:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156411249","content_text":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"He then asks if the tide hasfinallyturned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&P 500 index with half the net exposure.Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protectthe stock market and corporate bondholdersthe economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know? Do price increases come with a label that says “transitory”? Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in15 minutes), \"it remains to be seen if it will have the stomach to use them when the time comes. Thatis a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.\"The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:Brighthouse Financial (BHF, +22%)benefitted from rising interest rates;Danimer Scientific (DNMR, +61%)began its life as a public company;Concentrix (CNXC, +52%)benefitted from strong demand and rising estimates;Resideo Technologies (REZI, +33%)was helped by the strong housing market;Change Healthcare (CHNG, +18%)agreed to be acquired by UnitedHealthcare;AerCap Holdings (AER, +29%)agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; andAn undisclosed healthcare short (-41%)fell due to reduced government reimbursement for its product.(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go. The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed. If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share. First, it is very healthy for market participants to discuss and debate stocks. This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed, but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick. Second, it is also fine to make bad stock picks. If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work? Third, payment for order flow is just disguised commissions. We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.” If you want the broker to work for you, pay a commission. Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.The punchline:Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation. Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor. As for Mr. Musk, we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants. Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets. Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat. It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.Einhorn next highlights one of the stocks most hated by the bearish community: GSX:The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September. HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter isidenticalto ours, when we discussed the insane stock moves that dominated much of January and February:\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"Einhorn's full letter is below:","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349965986,"gmtCreate":1617522510545,"gmtModify":1704700221161,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>It will be fluctuating for a very long time. Transfer of wealth will happen.&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>It will be fluctuating for a very long time. Transfer of wealth will happen.&nbsp;","text":"$Alibaba(BABA)$It will be fluctuating for a very long time. Transfer of wealth will happen.","images":[{"img":"https://static.tigerbbs.com/45138ed496979b9766221be98c61926f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349965986","isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9017938331,"gmtCreate":1649733680024,"gmtModify":1676534560330,"author":{"id":"3578686285736482","authorId":"3578686285736482","name":"WilliamQuan","avatar":"https://static.tigerbbs.com/d7ce36b4de3c373f1ae0b40da77a0b3f","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"The decline is rather unwarranted, since the revenue still growing. The spending in near terms increase due to record-high fine and reinvestment into its subsidiaries. That's my two cents","listText":"The decline is rather unwarranted, since the revenue still growing. The spending in near terms increase due to record-high fine and reinvestment into its subsidiaries. That's my two cents","text":"The decline is rather unwarranted, since the revenue still growing. The spending in near terms increase due to record-high fine and reinvestment into its subsidiaries. That's my two cents","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017938331","repostId":"1178120671","repostType":4,"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}