Lamborghini1 personal page - To The Moon

Lamborghini1

Lamborghini1

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2023-02-07

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Sorry, the original content has been removed

2023-08-20

Anything can happen

2023-02-20

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3 Bear Market Buys That Could Rise 29% to 146%, According to Wall Street

2022-12-11

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Why Stock-Market Investors Shouldn’t Count on a "Santa Claus" Rally This Year

2022-10-15

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US STOCKS-Wall St Drops As Consumer Data Stokes Inflation Worry

2023-02-01

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Top 10 ETF Gainers for January: Crypto ETFs Lead

2022-08-05

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Now Could Be the Perfect Time To Buy Gold

2021-06-11

Hi

We put 6 more meme stocks' numbers to the test and the differences are telling

2022-10-27

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Meta Platforms Downgrades; ServiceNow Upgrade: Top Calls on Wall Street

2022-05-10

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2 Top Tech Stocks to Buy During a Recession

2022-04-01

Ok

After-Hours Stock Movers 03/31: GME, HLX, IMRX Higher; BLND, DCT, DWAC Lower

2021-08-04

Yeah

Apple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.

2021-07-31

Yeah

Antitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First

2022-04-24

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US IPO Weekly Recap: Just 1 Small IPO in the Post-holiday Week

2021-09-03

Latest

Tesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage

2021-06-19

Yeah

ASML: The Market Could Be Underestimating Its Potential

2022-07-03

[Grin]

Tesla Receives Recall Order From Germany for Models Y and 3

2022-04-21

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US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech

Go to Tiger App to see more news

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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1675234583,"share":"https://www.laohu8.com/m/news/1128348896?lang=&edition=full","pubTime":"2023-02-01 14:56","market":"us","language":"en","title":"Top 10 ETF Gainers for January: Crypto ETFs Lead","url":"https://stock-news.laohu8.com/highlight/detail?id=1128348896","media":"Tiger Newspress","summary":"The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting the","content":"<html><head></head><body><p>The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting them at the top of the leaderboard in terms of performance. All 10 of the best-performing ETFs in 2023 as of Jan. 31 invest in equities of companies involved in the cryptocurrency or digital assets space.</p><p><img src=\"https://static.tigerbbs.com/9b6f144c452266bf36f7f78febd30066\" tg-width=\"1407\" tg-height=\"1996\" referrerpolicy=\"no-referrer\"/>These 10 top-performing ETFs are up between 40% and 98% as of Jan. 31 this year, according to Bloomberg data. The positive performance could be driven by optimism about the prospects for cryptocurrency going forward, or the belief that interest rate hikes will get smaller and end, or at least pause after the February Fed meeting.</p><p>Bitcoin started out 2022 trading above $46,000, but collapsed to trade below $16,000. It has since rebounded above $23,000, which seems to have helped lift equity funds tied to the cryptocurrency space.</p><p>“Digital assets have sold off significantly more than the broader market, so we hit a point where we exhausted most of the selling pressure,” said Spencer Bogart, general partner at Blockchain Capital, in an email.</p><p>“Meanwhile, there is a very significant sum of dry powder [capital] among industry-focused funds that is earmarked for deployment to these opportunities. This led to a situation over the past few weeks where buyers finally outsized sellers, leading to a bounce in digital asset prices.”</p><p>Still, these funds remain beaten down after the bloodbath that was 2022, so they are struggling for assets. Six of them have assets below $10 million. The largest fund on the list is the <a href=\"https://laohu8.com/S/BKCH\">Global X Blockchain ETF</a>, with $59.4 million; it’s up 64.05% year to date.</p><p>Fund flows have been mostly flat, with only two funds, <a href=\"https://laohu8.com/S/WGMI\">WGMI</a> and <a href=\"https://laohu8.com/S/BKCH\">BKCH</a>, pulling in more than $1 million so far in 2023.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top 10 ETF Gainers for January: Crypto ETFs Lead</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\">\nTop 10 ETF Gainers for January: Crypto ETFs Lead\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-01 14:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting them at the top of the leaderboard in terms of performance. All 10 of the best-performing ETFs in 2023 as of Jan. 31 invest in equities of companies involved in the cryptocurrency or digital assets space.</p><p><img src=\"https://static.tigerbbs.com/9b6f144c452266bf36f7f78febd30066\" tg-width=\"1407\" tg-height=\"1996\" referrerpolicy=\"no-referrer\"/>These 10 top-performing ETFs are up between 40% and 98% as of Jan. 31 this year, according to Bloomberg data. The positive performance could be driven by optimism about the prospects for cryptocurrency going forward, or the belief that interest rate hikes will get smaller and end, or at least pause after the February Fed meeting.</p><p>Bitcoin started out 2022 trading above $46,000, but collapsed to trade below $16,000. It has since rebounded above $23,000, which seems to have helped lift equity funds tied to the cryptocurrency space.</p><p>“Digital assets have sold off significantly more than the broader market, so we hit a point where we exhausted most of the selling pressure,” said Spencer Bogart, general partner at Blockchain Capital, in an email.</p><p>“Meanwhile, there is a very significant sum of dry powder [capital] among industry-focused funds that is earmarked for deployment to these opportunities. This led to a situation over the past few weeks where buyers finally outsized sellers, leading to a bounce in digital asset prices.”</p><p>Still, these funds remain beaten down after the bloodbath that was 2022, so they are struggling for assets. Six of them have assets below $10 million. The largest fund on the list is the <a href=\"https://laohu8.com/S/BKCH\">Global X Blockchain ETF</a>, with $59.4 million; it’s up 64.05% year to date.</p><p>Fund flows have been mostly flat, with only two funds, <a href=\"https://laohu8.com/S/WGMI\">WGMI</a> and <a href=\"https://laohu8.com/S/BKCH\">BKCH</a>, pulling in more than $1 million so far in 2023.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAM":"VANECK DIGITAL ASSETS MINING ETF","WGMI":"Valkyrie Bitcoin Miners ETF","DAPP":"VanEck Digital Transformation ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","FDIG":"Fidelity Crypto Industry and Digital Payments ETF","SATO":"Invesco Alerian Galaxy Crypto Economy ETF","IBLC":"iShares Blockchain and Tech ETF","NFTZ":"Defiance Digital Revolution ETF","GFOF":"Grayscale Future of Finance ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128348896","content_text":"The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting them at the top of the leaderboard in terms of performance. All 10 of the best-performing ETFs in 2023 as of Jan. 31 invest in equities of companies involved in the cryptocurrency or digital assets space.These 10 top-performing ETFs are up between 40% and 98% as of Jan. 31 this year, according to Bloomberg data. The positive performance could be driven by optimism about the prospects for cryptocurrency going forward, or the belief that interest rate hikes will get smaller and end, or at least pause after the February Fed meeting.Bitcoin started out 2022 trading above $46,000, but collapsed to trade below $16,000. It has since rebounded above $23,000, which seems to have helped lift equity funds tied to the cryptocurrency space.“Digital assets have sold off significantly more than the broader market, so we hit a point where we exhausted most of the selling pressure,” said Spencer Bogart, general partner at Blockchain Capital, in an email.“Meanwhile, there is a very significant sum of dry powder [capital] among industry-focused funds that is earmarked for deployment to these opportunities. This led to a situation over the past few weeks where buyers finally outsized sellers, leading to a bounce in digital asset prices.”Still, these funds remain beaten down after the bloodbath that was 2022, so they are struggling for assets. Six of them have assets below $10 million. The largest fund on the list is the Global X Blockchain ETF, with $59.4 million; it’s up 64.05% year to date.Fund flows have been mostly flat, with only two funds, WGMI and BKCH, pulling in more than $1 million so far in 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923020537,"gmtCreate":1670760141529,"gmtModify":1676538429001,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9923020537","repostId":"2290213223","repostType":4,"isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986317851,"gmtCreate":1666886278874,"gmtModify":1676537824851,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986317851","repostId":"1182334257","repostType":4,"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980714027,"gmtCreate":1665812983169,"gmtModify":1676537668845,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980714027","repostId":"2275952060","repostType":4,"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902659181,"gmtCreate":1659693036145,"gmtModify":1704778325474,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902659181","repostId":"1140620109","repostType":4,"isVote":1,"tweetType":1,"viewCount":544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902659300,"gmtCreate":1659693015404,"gmtModify":1704778243312,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902659300","repostId":"1198183547","repostType":4,"repost":{"id":"1198183547","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1659691210,"share":"https://www.laohu8.com/m/news/1198183547?lang=&edition=full","pubTime":"2022-08-05 17:20","market":"us","language":"en","title":"Jobs Friday Is Here, The Data Could Show a Slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1198183547","media":"Dow Jones","summary":"Jobs growth likely decelerated in July as the broader U.S. labor market showed signs of cooling, ref","content":"<html><head></head><body><p>Jobs growth likely decelerated in July as the broader U.S. labor market showed signs of cooling, reflecting the impact of higher prices, rising interest rates, and a slowing economy.</p><p>The July jobs report, to be released Friday at 8:30 a.m., will offer the most comprehensive picture yet of just how well the labor market has been able to withstand the Federal Reserve’s aggressive pace of monetary policy tightening and a recent slowdown in consumer spending. Economists are forecasting the U.S. economy added 258,000 jobs last month, consensus expectations show, with the unemployment rate holding steady at 3.6%.</p><p><img src=\"https://static.tigerbbs.com/d4711f95c440e096841a40f3f7c2b265\" tg-width=\"1052\" tg-height=\"650\" width=\"100%\" height=\"auto\"/></p><p>That pace would mark a notable slowdown from the previous three-month average of roughly 375,000 jobs added per month. It would still show fairly healthy, positive growth roughly on par with prepandemic levels—the economy was adding roughly 264,000 jobs monthly in the three months ending January 2020—but it would cement a broader trend toward softening throughout the labor market that has become clearer in recent weeks.</p><p>While the labor market has for months been among the strongest elements—if not the strongest—of a fragile economy, recent government data suggests it could be past its peak. Data this week showed job openings in June falling more than expected and unemployment claims clearly rising.</p><p>For July, economists also expect average hourly wages to have risen 0.3% over the month, roughly matching last month’s pace and marking a slight slowdown from late 2021 and early this year.</p><p>Given the strength of job growth and resilience in hiring over the past year, the recent downward trend means the labor market overall still remains strong for now. Some loosening in the labor market is both necessary and expected in order for the Fed to try to rein in inflation, too. And if Friday’s data comes in roughly in line with expectations, Fed Chairman Jerome Powell and members of the central bank’s Federal Open Market Committee will likely welcome the subtle slowdown without adjusting their path forward, economists say.</p><p>“With inflation still raging and FOMC members, including Chair Powell, acknowledging that an ‘over-tight’ labor market is contributing to price pressures, we suspect the Fed will be undeterred by the recent slowing in activity both inside and outside the labor market,” Wells Fargo economists Sarah House and Michael Pugliese wrote Thursday. “And it will push ahead with raising the fed funds rate to around 4% in the coming months.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jobs Friday Is Here, The Data Could Show a Slowdown</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\">\nJobs Friday Is Here, The Data Could Show a Slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-05 17:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Jobs growth likely decelerated in July as the broader U.S. labor market showed signs of cooling, reflecting the impact of higher prices, rising interest rates, and a slowing economy.</p><p>The July jobs report, to be released Friday at 8:30 a.m., will offer the most comprehensive picture yet of just how well the labor market has been able to withstand the Federal Reserve’s aggressive pace of monetary policy tightening and a recent slowdown in consumer spending. Economists are forecasting the U.S. economy added 258,000 jobs last month, consensus expectations show, with the unemployment rate holding steady at 3.6%.</p><p><img src=\"https://static.tigerbbs.com/d4711f95c440e096841a40f3f7c2b265\" tg-width=\"1052\" tg-height=\"650\" width=\"100%\" height=\"auto\"/></p><p>That pace would mark a notable slowdown from the previous three-month average of roughly 375,000 jobs added per month. It would still show fairly healthy, positive growth roughly on par with prepandemic levels—the economy was adding roughly 264,000 jobs monthly in the three months ending January 2020—but it would cement a broader trend toward softening throughout the labor market that has become clearer in recent weeks.</p><p>While the labor market has for months been among the strongest elements—if not the strongest—of a fragile economy, recent government data suggests it could be past its peak. Data this week showed job openings in June falling more than expected and unemployment claims clearly rising.</p><p>For July, economists also expect average hourly wages to have risen 0.3% over the month, roughly matching last month’s pace and marking a slight slowdown from late 2021 and early this year.</p><p>Given the strength of job growth and resilience in hiring over the past year, the recent downward trend means the labor market overall still remains strong for now. Some loosening in the labor market is both necessary and expected in order for the Fed to try to rein in inflation, too. And if Friday’s data comes in roughly in line with expectations, Fed Chairman Jerome Powell and members of the central bank’s Federal Open Market Committee will likely welcome the subtle slowdown without adjusting their path forward, economists say.</p><p>“With inflation still raging and FOMC members, including Chair Powell, acknowledging that an ‘over-tight’ labor market is contributing to price pressures, we suspect the Fed will be undeterred by the recent slowing in activity both inside and outside the labor market,” Wells Fargo economists Sarah House and Michael Pugliese wrote Thursday. “And it will push ahead with raising the fed funds rate to around 4% in the coming months.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198183547","content_text":"Jobs growth likely decelerated in July as the broader U.S. labor market showed signs of cooling, reflecting the impact of higher prices, rising interest rates, and a slowing economy.The July jobs report, to be released Friday at 8:30 a.m., will offer the most comprehensive picture yet of just how well the labor market has been able to withstand the Federal Reserve’s aggressive pace of monetary policy tightening and a recent slowdown in consumer spending. Economists are forecasting the U.S. economy added 258,000 jobs last month, consensus expectations show, with the unemployment rate holding steady at 3.6%.That pace would mark a notable slowdown from the previous three-month average of roughly 375,000 jobs added per month. It would still show fairly healthy, positive growth roughly on par with prepandemic levels—the economy was adding roughly 264,000 jobs monthly in the three months ending January 2020—but it would cement a broader trend toward softening throughout the labor market that has become clearer in recent weeks.While the labor market has for months been among the strongest elements—if not the strongest—of a fragile economy, recent government data suggests it could be past its peak. Data this week showed job openings in June falling more than expected and unemployment claims clearly rising.For July, economists also expect average hourly wages to have risen 0.3% over the month, roughly matching last month’s pace and marking a slight slowdown from late 2021 and early this year.Given the strength of job growth and resilience in hiring over the past year, the recent downward trend means the labor market overall still remains strong for now. Some loosening in the labor market is both necessary and expected in order for the Fed to try to rein in inflation, too. And if Friday’s data comes in roughly in line with expectations, Fed Chairman Jerome Powell and members of the central bank’s Federal Open Market Committee will likely welcome the subtle slowdown without adjusting their path forward, economists say.“With inflation still raging and FOMC members, including Chair Powell, acknowledging that an ‘over-tight’ labor market is contributing to price pressures, we suspect the Fed will be undeterred by the recent slowing in activity both inside and outside the labor market,” Wells Fargo economists Sarah House and Michael Pugliese wrote Thursday. “And it will push ahead with raising the fed funds rate to around 4% in the coming months.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047073494,"gmtCreate":1656840796218,"gmtModify":1676535902719,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047073494","repostId":"2248059548","repostType":4,"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047073289,"gmtCreate":1656840772541,"gmtModify":1676535902711,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047073289","repostId":"2248823811","repostType":4,"repost":{"id":"2248823811","pubTimestamp":1656815782,"share":"https://www.laohu8.com/m/news/2248823811?lang=&edition=full","pubTime":"2022-07-03 10:36","market":"us","language":"en","title":"Headwinds to Persist for AMD Stock, but the Stock Is Too Cheap to Ignore, Says Analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=2248823811","media":"TipRanks","summary":"Is the world moving towards a global recession? That looks like a real possibility and one Wall Stre","content":"<div>\n<p>Is the world moving towards a global recession? That looks like a real possibility and one Wall Street analyst is already convinced that is the case. But along with believing a global recession is ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/headwinds-to-persist-for-amd-stock-but-the-stock-is-too-cheap-to-ignore-says-analyst/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Headwinds to Persist for AMD Stock, but the Stock Is Too Cheap to Ignore, Says Analyst</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\">\nHeadwinds to Persist for AMD Stock, but the Stock Is Too Cheap to Ignore, Says Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-03 10:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/headwinds-to-persist-for-amd-stock-but-the-stock-is-too-cheap-to-ignore-says-analyst/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is the world moving towards a global recession? That looks like a real possibility and one Wall Street analyst is already convinced that is the case. But along with believing a global recession is ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/headwinds-to-persist-for-amd-stock-but-the-stock-is-too-cheap-to-ignore-says-analyst/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.tipranks.com/news/article/headwinds-to-persist-for-amd-stock-but-the-stock-is-too-cheap-to-ignore-says-analyst/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248823811","content_text":"Is the world moving towards a global recession? That looks like a real possibility and one Wall Street analyst is already convinced that is the case. But along with believing a global recession is around the corner, Northland’s Gus Richard also thinks that, in general, semiconductor companies' estimates are “too high.” Now the 5-star analyst has been making some tweaks to his model for one of the segment’s giants.On the one hand, to account for a global recession, Richard has cut $2.8 billion out of his CY23 revenue forecast for Advanced Micro Devices (AMD). There are lowered estimates for PC CPUs, GPUs, Xilinx, and gaming consoles. Given AMD in servers CPUs is at the “top of the stack,” Richard believes AMD will see “little impact” on this business in CY23, and server revenue has been left as is.Richard now sees PC CPU revenue falling by 6% next year, while GPU revenue will drop by 7%. Put together, this will see CPU and GPU revenue falling by $675 million year-over-year. On an “apples-to-apples comparison,” Richard expects Xilinx revenue to drop by 6% although Xilinx was acquired in the middle of Q1 and therefore Richard anticipates AMD's Xilinx revenue will rise by $250 million in 2023. Game console revenue is anticipated to climb 8% higher in CY23 – or by $400 million - but there is still a $740 million trim to the prior estimate.What does it all mean for investors? Richard slightly lowered his price target for AMD stock from $97 to $95, suggesting shares have room for 29% growth in the year ahead.The interesting part is that along with the slashing of prior estimates, there is also a rating upgrade - from Market Perform (i.e. Neutral) to Outperform (i.e. Buy). And there’s a simple explanation why.Since peaking last November, AMD has seen “significant multiple compression” with the shares down 54% since. “Shares are trading at 16x our CY23 estimates versus 32x our consensus CY23 estimate at the beginning of CY22,” Richard explained. “We believe macro headwinds are now in our estimates and the share price.” According to the rest of the Street, Richard's objective is a conservative one; at $133.38, the average target suggests shares will soar 81% in the year ahead. All in all, the stock has a Moderate Buy consensus rating, based on 16 Buys vs. 9 Holds.","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047073339,"gmtCreate":1656840737121,"gmtModify":1676535902711,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047073339","repostId":"2248980919","repostType":4,"repost":{"id":"2248980919","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":1656848586,"share":"https://www.laohu8.com/m/news/2248980919?lang=&edition=full","pubTime":"2022-07-03 19:43","market":"us","language":"en","title":"Tesla Q2 Deliveries Slump To 254,695 Amid Supply Chain, Pandemic Problems","url":"https://stock-news.laohu8.com/highlight/detail?id=2248980919","media":"Reuters","summary":"July 2 (Reuters) - Tesla Inc said on Saturday its vehicle deliveries fell to 254,695 in the second q","content":"<html><head></head><body><p>July 2 (Reuters) - Tesla Inc said on Saturday its vehicle deliveries fell to 254,695 in the second quarter, as a COVID-related shutdown in Shanghai hit its production and supply chain.</p><p>In the preceding quarter, the U.S. electric car maker delivered 310,048 vehicles globally.</p><p>Analysts had expected Tesla to report deliveries of 295,078 vehicles for the April to June period, according to Refinitiv data. Several analysts had slashed their estimates further to about 250,000 due to China&#39;s prolonged lockdown.</p><p>Tesla said it delivered 238,533 Model 3 compact cars and Model Y sport-utility vehicles, as well as 16,162 of its Model S and Model X vehicles to customers in the quarter.</p><p>Total production fell 15.3% to 258,580 vehicles from the first quarter. June 2022 was the highest vehicle production month in Tesla&#39;s history, the company said in a news release.</p><p><img src=\"https://static.tigerbbs.com/b06a0b120caa4763851aba5807bfe85b\" tg-width=\"1017\" tg-height=\"192\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q2 Deliveries Slump To 254,695 Amid Supply Chain, Pandemic Problems</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Q2 Deliveries Slump To 254,695 Amid Supply Chain, Pandemic Problems\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\">2022-07-03 19:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>July 2 (Reuters) - Tesla Inc said on Saturday its vehicle deliveries fell to 254,695 in the second quarter, as a COVID-related shutdown in Shanghai hit its production and supply chain.</p><p>In the preceding quarter, the U.S. electric car maker delivered 310,048 vehicles globally.</p><p>Analysts had expected Tesla to report deliveries of 295,078 vehicles for the April to June period, according to Refinitiv data. Several analysts had slashed their estimates further to about 250,000 due to China&#39;s prolonged lockdown.</p><p>Tesla said it delivered 238,533 Model 3 compact cars and Model Y sport-utility vehicles, as well as 16,162 of its Model S and Model X vehicles to customers in the quarter.</p><p>Total production fell 15.3% to 258,580 vehicles from the first quarter. June 2022 was the highest vehicle production month in Tesla&#39;s history, the company said in a news release.</p><p><img src=\"https://static.tigerbbs.com/b06a0b120caa4763851aba5807bfe85b\" tg-width=\"1017\" tg-height=\"192\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248980919","content_text":"July 2 (Reuters) - Tesla Inc said on Saturday its vehicle deliveries fell to 254,695 in the second quarter, as a COVID-related shutdown in Shanghai hit its production and supply chain.In the preceding quarter, the U.S. electric car maker delivered 310,048 vehicles globally.Analysts had expected Tesla to report deliveries of 295,078 vehicles for the April to June period, according to Refinitiv data. Several analysts had slashed their estimates further to about 250,000 due to China's prolonged lockdown.Tesla said it delivered 238,533 Model 3 compact cars and Model Y sport-utility vehicles, as well as 16,162 of its Model S and Model X vehicles to customers in the quarter.Total production fell 15.3% to 258,580 vehicles from the first quarter. June 2022 was the highest vehicle production month in Tesla's history, the company said in a news release.","news_type":1},"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045752338,"gmtCreate":1656661689224,"gmtModify":1676535873330,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045752338","repostId":"1148149769","repostType":4,"repost":{"id":"1148149769","pubTimestamp":1656661530,"share":"https://www.laohu8.com/m/news/1148149769?lang=&edition=full","pubTime":"2022-07-01 15:45","market":"us","language":"en","title":"Ditch Risk Is the Second Half Mantra as Recession Spooks Traders","url":"https://stock-news.laohu8.com/highlight/detail?id=1148149769","media":"Bloomberg","summary":"Global stocks, futures tumble and investors seek out havensFears of global economic slowdown are dom","content":"<html><head></head><body><ul><li>Global stocks, futures tumble and investors seek out havens</li><li>Fears of global economic slowdown are dominating markets: AMP</li></ul><p>Global risk assets were at the epicenter of a selling spree Friday as investors kicked off the second half of the year with recession concern front and center.</p><p>Stocks and equity futures from Japan to the US tumbled, extending their historic first-half rout, while every Group-of-10 currency fell against havens, the dollar and the yen. Commodities retreated while global bonds continued their late-June rally.</p><p>“Recession worries are dominating markets right now and investors are ditching risk,” said Diana Mousina, senior economist at AMP Capital. “In the short term, fears around a slowdown and hawkish central banks means more downside than not.”</p><p><img src=\"https://static.tigerbbs.com/5e52c6056f93dc004e8d8b4de4ecaa9b\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>Investors are dumping growth-sensitive assets as concerns mount that the Federal Reserve will hike rates to the point where the US falls into a recession and drags the world along with it. Those worries climbed a notch on Thursday after a slew of disappointing economic data as global stocks capped a dismal first half set for their worst losses since 2008.</p><p>The MSCI AC World Index has fallen 21% so far this year.</p><p><b>Asia Pressure</b></p><p>The tension was palpable in Asia trading. Taiwan’s tech-heavy benchmark looked set to enter the bear market territory and the growth-linked kiwi fell to a two-year low against the greenback. India’s rupee dropped to a record low leading the government to introduce fresh measures to halt its decline.</p><p>Futures on the S&amp;P 500 Index slid as much as 1.1% during Asia hours, pointing to more losses for the underlying gauge that tumbled almost 21% in the six months through June. That marked its worst first half performance in more than five decades.</p><p>“Investors have fast tracked the market downside, but they can’t speed up the resolution of the structural challenges faced in the global economy,” said Gary Dugan, chief executive at the Global CIO Office in Singapore. “We also face the unwind of excesses built due to prolonged lax monetary policy making in most parts of the world.”</p><p>Sovereign debt boasted one of the few spots spared amid the carnage as investors sought havens. The yield on the global bond benchmark -- 10-year Treasuries -- slid back below 3% and Australian equivalents slumped.</p><p><img src=\"https://static.tigerbbs.com/db01a4da757c8cf17e622170ca5d6254\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>“Bonds are rallying even as central bankers stay hawkish because investors are in the mindset that every rate hike gets us one step closer to a recession scenario,” said Damien McColough, head of fixed-income research at Westpac Banking Corp. in Sydney. “That can change if inflation remains persistent over time, but that’s not the central market theme at the moment.”</p><p></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>Ditch Risk Is the Second Half Mantra as Recession Spooks Traders</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\">\nDitch Risk Is the Second Half Mantra as Recession Spooks Traders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-01 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-07-01/ditch-risk-is-the-second-half-mantra-as-recession-spooks-traders?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global stocks, futures tumble and investors seek out havensFears of global economic slowdown are dominating markets: AMPGlobal risk assets were at the epicenter of a selling spree Friday as investors ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-01/ditch-risk-is-the-second-half-mantra-as-recession-spooks-traders?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2022-07-01/ditch-risk-is-the-second-half-mantra-as-recession-spooks-traders?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148149769","content_text":"Global stocks, futures tumble and investors seek out havensFears of global economic slowdown are dominating markets: AMPGlobal risk assets were at the epicenter of a selling spree Friday as investors kicked off the second half of the year with recession concern front and center.Stocks and equity futures from Japan to the US tumbled, extending their historic first-half rout, while every Group-of-10 currency fell against havens, the dollar and the yen. Commodities retreated while global bonds continued their late-June rally.“Recession worries are dominating markets right now and investors are ditching risk,” said Diana Mousina, senior economist at AMP Capital. “In the short term, fears around a slowdown and hawkish central banks means more downside than not.”Investors are dumping growth-sensitive assets as concerns mount that the Federal Reserve will hike rates to the point where the US falls into a recession and drags the world along with it. Those worries climbed a notch on Thursday after a slew of disappointing economic data as global stocks capped a dismal first half set for their worst losses since 2008.The MSCI AC World Index has fallen 21% so far this year.Asia PressureThe tension was palpable in Asia trading. Taiwan’s tech-heavy benchmark looked set to enter the bear market territory and the growth-linked kiwi fell to a two-year low against the greenback. India’s rupee dropped to a record low leading the government to introduce fresh measures to halt its decline.Futures on the S&P 500 Index slid as much as 1.1% during Asia hours, pointing to more losses for the underlying gauge that tumbled almost 21% in the six months through June. That marked its worst first half performance in more than five decades.“Investors have fast tracked the market downside, but they can’t speed up the resolution of the structural challenges faced in the global economy,” said Gary Dugan, chief executive at the Global CIO Office in Singapore. “We also face the unwind of excesses built due to prolonged lax monetary policy making in most parts of the world.”Sovereign debt boasted one of the few spots spared amid the carnage as investors sought havens. The yield on the global bond benchmark -- 10-year Treasuries -- slid back below 3% and Australian equivalents slumped.“Bonds are rallying even as central bankers stay hawkish because investors are in the mindset that every rate hike gets us one step closer to a recession scenario,” said Damien McColough, head of fixed-income research at Westpac Banking Corp. in Sydney. “That can change if inflation remains persistent over time, but that’s not the central market theme at the moment.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045752055,"gmtCreate":1656661661377,"gmtModify":1676535873334,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045752055","repostId":"2247880694","repostType":4,"repost":{"id":"2247880694","pubTimestamp":1656634142,"share":"https://www.laohu8.com/m/news/2247880694?lang=&edition=full","pubTime":"2022-07-01 08:09","market":"us","language":"en","title":"Nio Stock Dips After Short-Seller Attack: Should You Worry?","url":"https://stock-news.laohu8.com/highlight/detail?id=2247880694","media":"Motley Fool","summary":"Some investors are selling Nio based on a short-seller's allegations. Should they?","content":"<html><head></head><body><p><b>KEY POINTS</b></p><ul><li>Grizzly Research says Nio is inflating its revenue and profit.</li><li>Nio rebutted the allegations and will make disclosures to prove them wrong.</li><li>Some of the short-seller&#39;s points may deserve a closer look, but there are more reasons to buy Nio stock now than sell.</li></ul><p><b>Nio</b> stock is down this week after a short-seller attack.</p><p>It&#39;s typical for a stock to fall when a short-seller accuses a company of any wrongdoing. In Nio&#39;s case, Grizzly Research alleges the electric vehicle (EV) manufacturer used an &#34;audacious scheme&#34; to inflate its revenue and profitability, even likening it to the Valeant Pharmaceuticals scandal in which the company was found guilty of using related-party transactions to boost sales.</p><p>The third party that Grizzly Research is referring to is linked to Nio&#39;s popular battery program, which is a major competitive advantage. Needless to say, investors are worried. On Wednesday, Nio stock fell about 11% on both the Hong Kong and Singapore stock exchanges (before ticking up today), and it opened the U.S. market deep in the red before recovering to a dip of about 2%.</p><p>Here&#39;s what you, as a Nio investor, should make of this short-seller attack.</p><p><b>The short-seller allegations</b></p><p>In a detailed report released on June 28, Grizzly Research accused Nio of using affiliate Wuhan Weineng to inflate its numbers and consistently beat Wall Street estimates.</p><p>Nio&#39;s battery-as-a-service (BaaS) program is one of its most enticing offerings, allowing customers to purchase Nio vehicles without battery packs at a lower price and instead subscribe to rent and swap batteries as needed. The catch here is that Weineng, and not Nio, leases the batteries. So, every time Nio sells a car under BaaS, it also sells battery packs to Weineng and generates revenue from those sales. Weineng earns the subscription fees from BaaS customers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf3435537fa1f9da40ac820ec9e0b1cb\" tg-width=\"700\" tg-height=\"393\" width=\"100%\" height=\"auto\"/><span>Image source: Nio.</span></p><p>Grizzly Research claims its investigators in China have found Nio to have oversupplied battery packs to Weineng to inflate revenue.</p><p>Based on Weineng&#39;s inventory as of Sept. 30, 2021, for instance, the researcher estimates Nio to have oversupplied more than 21,000 batteries worth more than 1.1 billion Chinese yuan. Grizzly Research says this potentially inflated Nio&#39;s revenue by 10% and understated its net loss by about half (that is, it should have been 95% higher) for those nine months. For perspective, Nio reported a 122% growth in revenue to 36 billion Chinese Yuan (or roughly $5.7 billion) and a 24% drop in its net loss for the full year 2021.</p><p>Grizzly Research also questions why Nio immediately recognizes revenue from the sale of a battery pack to Weineng instead of spreading it out over the BaaS subscription period of around seven years. It says Nio is using links between its and Weineng&#39;s executives to pull off these accounting games, and warns some of the company&#39;s arrangements with the Chinese government could dilute shareholder wealth &#34;materially&#34; in the future.</p><p><b>Nio&#39;s response leaves room for more</b></p><p>Nio has, as expected, rebutted the short-seller&#39;s findings and said the report contains &#34;numerous errors, unsupported speculations, and misleading conclusions and interpretations regarding information&#34; relating to the company.</p><p>What I also expected from Nio, though, was a more in-depth response detailing its relationship and agreement with Weineng that has a direct bearing on the EV maker&#39;s bottom line, in particular. Nio, though, has said it is reviewing the allegations and will make relevant additional disclosures as required by the regulatory authorities in the U.S., Hong Kong, and Singapore.</p><p>Does this mean you should sell Nio stock now?</p><p>Investing in stocks of foreign companies comes with its fair share of risks. That said, Nio is listed on three global stock exchanges, so it must be more vigilant, as it has to comply with more regulatory laws than most companies. Nio sells vehicles and offers BaaS in Europe as well.</p><p>Also, Nio owns only a 19.8% stake in Weineng, so any dealing with Weineng that directly affects the battery company&#39;s inventory and bottom line will also affect other stakeholders, which include some of the largest battery manufacturers in China.</p><p>Moreover, of the roughly $5.7 billion in revenue that Nio generated last year, $5.2 billion came from vehicle sales. Not all of the remaining revenue came from the sale of battery packs. In fact, almost 55% came from the sale of chargers, energy and service packages, battery upgrade services, and the sale of automotive regulatory credits.</p><p>Further, Grizzly Research&#39;s calculation of Nio inflating net income by 95% appears to be based entirely on its views that Nio itself -- and not Weineng -- should lease batteries, and therefore recognize revenue and depreciation from battery sales over the BaaS subscription period and not up front. It also assumes Weineng should have the exact number of batteries in inventory as the number of BaaS customers based largely on two things: its investigators&#39; conversation with one Nio salesman and low footfall at some of Nio&#39;s battery swapping stations.</p><p>The point is, you should take a short-seller report with a grain of salt. While you&#39;d want to watch out for what &#34;additional disclosures&#34; Nio makes henceforth, Nio&#39;s growth plans look promising and there&#39;s no reason to sell the stock now.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock Dips After Short-Seller Attack: Should You Worry?</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\">\nNio Stock Dips After Short-Seller Attack: Should You Worry?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-01 08:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/30/nio-dips-short-seller-attack-should-you-worry/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSGrizzly Research says Nio is inflating its revenue and profit.Nio rebutted the allegations and will make disclosures to prove them wrong.Some of the short-seller's points may deserve a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/30/nio-dips-short-seller-attack-should-you-worry/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO.SI":"蔚来","NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2022/06/30/nio-dips-short-seller-attack-should-you-worry/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2247880694","content_text":"KEY POINTSGrizzly Research says Nio is inflating its revenue and profit.Nio rebutted the allegations and will make disclosures to prove them wrong.Some of the short-seller's points may deserve a closer look, but there are more reasons to buy Nio stock now than sell.Nio stock is down this week after a short-seller attack.It's typical for a stock to fall when a short-seller accuses a company of any wrongdoing. In Nio's case, Grizzly Research alleges the electric vehicle (EV) manufacturer used an \"audacious scheme\" to inflate its revenue and profitability, even likening it to the Valeant Pharmaceuticals scandal in which the company was found guilty of using related-party transactions to boost sales.The third party that Grizzly Research is referring to is linked to Nio's popular battery program, which is a major competitive advantage. Needless to say, investors are worried. On Wednesday, Nio stock fell about 11% on both the Hong Kong and Singapore stock exchanges (before ticking up today), and it opened the U.S. market deep in the red before recovering to a dip of about 2%.Here's what you, as a Nio investor, should make of this short-seller attack.The short-seller allegationsIn a detailed report released on June 28, Grizzly Research accused Nio of using affiliate Wuhan Weineng to inflate its numbers and consistently beat Wall Street estimates.Nio's battery-as-a-service (BaaS) program is one of its most enticing offerings, allowing customers to purchase Nio vehicles without battery packs at a lower price and instead subscribe to rent and swap batteries as needed. The catch here is that Weineng, and not Nio, leases the batteries. So, every time Nio sells a car under BaaS, it also sells battery packs to Weineng and generates revenue from those sales. Weineng earns the subscription fees from BaaS customers.Image source: Nio.Grizzly Research claims its investigators in China have found Nio to have oversupplied battery packs to Weineng to inflate revenue.Based on Weineng's inventory as of Sept. 30, 2021, for instance, the researcher estimates Nio to have oversupplied more than 21,000 batteries worth more than 1.1 billion Chinese yuan. Grizzly Research says this potentially inflated Nio's revenue by 10% and understated its net loss by about half (that is, it should have been 95% higher) for those nine months. For perspective, Nio reported a 122% growth in revenue to 36 billion Chinese Yuan (or roughly $5.7 billion) and a 24% drop in its net loss for the full year 2021.Grizzly Research also questions why Nio immediately recognizes revenue from the sale of a battery pack to Weineng instead of spreading it out over the BaaS subscription period of around seven years. It says Nio is using links between its and Weineng's executives to pull off these accounting games, and warns some of the company's arrangements with the Chinese government could dilute shareholder wealth \"materially\" in the future.Nio's response leaves room for moreNio has, as expected, rebutted the short-seller's findings and said the report contains \"numerous errors, unsupported speculations, and misleading conclusions and interpretations regarding information\" relating to the company.What I also expected from Nio, though, was a more in-depth response detailing its relationship and agreement with Weineng that has a direct bearing on the EV maker's bottom line, in particular. Nio, though, has said it is reviewing the allegations and will make relevant additional disclosures as required by the regulatory authorities in the U.S., Hong Kong, and Singapore.Does this mean you should sell Nio stock now?Investing in stocks of foreign companies comes with its fair share of risks. That said, Nio is listed on three global stock exchanges, so it must be more vigilant, as it has to comply with more regulatory laws than most companies. Nio sells vehicles and offers BaaS in Europe as well.Also, Nio owns only a 19.8% stake in Weineng, so any dealing with Weineng that directly affects the battery company's inventory and bottom line will also affect other stakeholders, which include some of the largest battery manufacturers in China.Moreover, of the roughly $5.7 billion in revenue that Nio generated last year, $5.2 billion came from vehicle sales. Not all of the remaining revenue came from the sale of battery packs. In fact, almost 55% came from the sale of chargers, energy and service packages, battery upgrade services, and the sale of automotive regulatory credits.Further, Grizzly Research's calculation of Nio inflating net income by 95% appears to be based entirely on its views that Nio itself -- and not Weineng -- should lease batteries, and therefore recognize revenue and depreciation from battery sales over the BaaS subscription period and not up front. It also assumes Weineng should have the exact number of batteries in inventory as the number of BaaS customers based largely on two things: its investigators' conversation with one Nio salesman and low footfall at some of Nio's battery swapping stations.The point is, you should take a short-seller report with a grain of salt. While you'd want to watch out for what \"additional disclosures\" Nio makes henceforth, Nio's growth plans look promising and there's no reason to sell the stock now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045756509,"gmtCreate":1656661637602,"gmtModify":1676535873318,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045756509","repostId":"1111992117","repostType":4,"repost":{"id":"1111992117","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656647747,"share":"https://www.laohu8.com/m/news/1111992117?lang=&edition=full","pubTime":"2022-07-01 11:55","market":"hk","language":"en","title":"Tiger Chart | None of the World's Major Stock Indexes Rose in H1 2022, Nasdaq Tumbled Nearly 30%","url":"https://stock-news.laohu8.com/highlight/detail?id=1111992117","media":"Tiger Newspress","summary":"In 2022 H1, due to Fed's rate hikes and the conflicts between Russia and Ukraine, major stock indexe","content":"<html><head></head><body><p>In 2022 H1, due to Fed&#39;s rate hikes and the conflicts between Russia and Ukraine, major stock indexes fell around the world. STI led with the loss of 0.69% while Nasdaq was the biggest loser with a 29.51% decline.</p><p>In China, Hang Seng Index slid 6.57% while SSE Composite Index slid 6.63%, which ranked No.3 and No.4 separately.</p><p><img src=\"https://static.tigerbbs.com/28caf3e1f04f4e3bdd4839501dcf040f\" tg-width=\"746\" tg-height=\"1939\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, the U.S. stock market was under pressure. Nasdaq, S&amp;P 500, and Dow Jones indexes fell 29.51%, 20.58%, and 15.31%, respectively, S&amp;P 500 had its worst first half since 1970, while the VIX soared nearly 67%.</p><p><img src=\"https://static.tigerbbs.com/5815e5fb2947c5dfc11deaac3cc7dfdd\" tg-width=\"1500\" tg-height=\"1700\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart | None of the World's Major Stock Indexes Rose in H1 2022, Nasdaq Tumbled Nearly 30%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Chart | None of the World's Major Stock Indexes Rose in H1 2022, Nasdaq Tumbled Nearly 30%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-01 11:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>In 2022 H1, due to Fed&#39;s rate hikes and the conflicts between Russia and Ukraine, major stock indexes fell around the world. STI led with the loss of 0.69% while Nasdaq was the biggest loser with a 29.51% decline.</p><p>In China, Hang Seng Index slid 6.57% while SSE Composite Index slid 6.63%, which ranked No.3 and No.4 separately.</p><p><img src=\"https://static.tigerbbs.com/28caf3e1f04f4e3bdd4839501dcf040f\" tg-width=\"746\" tg-height=\"1939\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, the U.S. stock market was under pressure. Nasdaq, S&amp;P 500, and Dow Jones indexes fell 29.51%, 20.58%, and 15.31%, respectively, S&amp;P 500 had its worst first half since 1970, while the VIX soared nearly 67%.</p><p><img src=\"https://static.tigerbbs.com/5815e5fb2947c5dfc11deaac3cc7dfdd\" tg-width=\"1500\" tg-height=\"1700\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","000001.SH":"上证指数","HSI":"恒生指数","VIX":"标普500波动率指数","XJO.AU":"标普/澳交所 200指数",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","STI.SI":"富时新加坡海峡指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111992117","content_text":"In 2022 H1, due to Fed's rate hikes and the conflicts between Russia and Ukraine, major stock indexes fell around the world. STI led with the loss of 0.69% while Nasdaq was the biggest loser with a 29.51% decline.In China, Hang Seng Index slid 6.57% while SSE Composite Index slid 6.63%, which ranked No.3 and No.4 separately.Meanwhile, the U.S. stock market was under pressure. Nasdaq, S&P 500, and Dow Jones indexes fell 29.51%, 20.58%, and 15.31%, respectively, S&P 500 had its worst first half since 1970, while the VIX soared nearly 67%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045123062,"gmtCreate":1656580833356,"gmtModify":1676535857686,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045123062","repostId":"2247024065","repostType":4,"repost":{"id":"2247024065","pubTimestamp":1656580219,"share":"https://www.laohu8.com/m/news/2247024065?lang=&edition=full","pubTime":"2022-06-30 17:10","market":"us","language":"en","title":"Microsoft: Ignore The P/E, Or You Miss A Bargain","url":"https://stock-news.laohu8.com/highlight/detail?id=2247024065","media":"Seekingalpha","summary":"ThesisMicrosoft Corporation (NASDAQ:MSFT) stock is down approximately to 20% YTD, in line with the b","content":"<html><head></head><body><h2><b>Thesis</b></h2><p>Microsoft Corporation (NASDAQ:MSFT) stock is down approximately to 20% YTD, in line with the broad market (Reference: S&amp;P 500). With regards to price-earnings multiple, however, the stock is trading at a P/E GAAP (FWD) of x27.5 vs approximately x16 for the S&amp;P. Thus, Microsoft stock appears expensive - at first.</p><p>But this is not how I see it. In my opinion, investors should consider the company&#39;s valuation in a richer context, as MSFT undisputedly outperforms the market with regards to: growth expectations/potential (1); profit margin (2); competitive moat (3); R&amp;D investment (4); brand equity (5); and talent attraction (6). That said, if we put things in perspective, the stock appears cheap. Based on a residual earnings framework anchored on analyst EPS estimates, I calculate a fair implied share price of $368.64/share.</p><h2><b>Is Microsoft cheap?</b></h2><p>I have been holding MSFT stock for years now. And, every year I debate myself if I should sell the stock given the company&#39;s perceived P/E multiple premium. But merely looking at P/E ratios is not the correct way of thinking about equities, as the ratio captures only the present earnings of a company, while the price incorporates the future. That said, investors are advised to look at a company&#39;s growth (1), the business&#39; profit margins (2), and the competitive moat to defend growth and margins against competition (3). With regards to these dimensions, Microsoft truly stands out.</p><p>First, let us look at the company&#39;s growth. Analyst consensus expects a 3-year CAGR for Microsoft of approximately 20%, from 2022 until 2025 (Source: Bloomberg Terminal). If we consider nominal GDP growth at slightly below 3%, Microsoft is outpacing the broad market by a factor of x7!</p><p>Microsoft&#39;s profitability is unmatched. Microsoft&#39;s operating margin (EBIT) margin scores at 42.56%, versus 8.10% being the sector median. Respectively, net-income margin (TTM) is 37.63% versus 5.34%. Most notably, not even Apple (AAPL) matches Microsoft&#39;s profitability. Despite Apple&#39;s brand equity and pricing power, the company &#34;only&#34; achieves 30.93% EBIT margin and 26.41 net-income margin, implying that Microsoft&#39;s margins are about 10 percentage points higher! Moreover, Microsoft&#39;s expected growth is unlikely to dilute margins, since cloud IaaS (53% of sales) and high-margin PaaS (43% of sales) are expected to achieve 50% and &gt;70% operating margin.</p><p></p><p><img src=\"https://static.tigerbbs.com/80c3b28df3b29918e9376254f4e3c762\" tg-width=\"640\" tg-height=\"389\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>From a competitive standpoint, Microsoft looks like an impenetrable fortress. There are multiple aspects that support the company&#39;s moat, including $210 billion of brand equity, $23.35 billion of R&amp;D investments, intellectual property (including more than 8.500 US patents), and top-league talent attraction.</p><p>As a side note, if we consider the Metaverse, a 13 trillion market according to Citi research, Microsoft is the only player with leading exposure to infrastructure (hardware, VR, cloud), software (AI) and content (games).</p><p>So, is Microsoft cheap? If we consider the FAAMG universe (I cancel Netflix), then we see that Microsoft&#39;s 2023 forward P/E is the second highest at x24.49. Facebook/<a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (META) looks very cheap at x12.95. However, if we include 3-year CAGR expectations, the picture changes considerably. The PEG is broadly considered as an adequate valuation metric to capture the relative trade-off between the company&#39;s current stock price, current earnings and the expected growth. The ratio is calculated as a P/E divided by 3-year CAGR expectation. Microsoft suddenly looks very cheap. Or in other words, considerably cheaper than Facebook, Apple, and Google (GOOG, GOOGL).</p><p></p><p><img src=\"https://static.tigerbbs.com/ee0fb2803a6c63307a112365f7b74a21\" tg-width=\"640\" tg-height=\"147\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Analyst Consensus EPS; Author&#39;s Calculations</p><p>Finally, I would like to note that the above metrics are anchored on MSFT&#39;s levered valuation (equity). But investors should consider that Microsoft is actually a net creditor, and thus the enterprise value is lower than the company&#39;s equity value. As of Q1 2022, Microsoft recorded 104.66 billion of cash and short-term investments and $77.98 billion of total debt. Thus, Microsoft has a net cash position of $26.68 billion</p><h2><b>How to value MSFT</b></h2><p>I have shown that Microsoft is actually not expensive on a relative basis vs. FAAMG stocks. And Microsoft appears very cheap when compared to the S&amp;P 500. But on an absolute basis, what could be a fair per-share value for the company&#39;s stock? To answer the question, I have constructed a Residual Earnings framework and anchor on the following assumptions:</p><ul><li>To forecast revenues and EPS, I anchor on consensus analyst forecast as available on the Bloomberg Terminal.</li><li>The estimate of the cost of capital, I use the WACC framework. I model a three-year regression against the S&amp;P to find the stock&#39;s beta. For the risk-free rate, I used the U.S. 10-year treasury yield as of June 24, 2022. My calculation indicates a fair WACC of 7.5%.</li><li>To derive MSFT&#39;s tax rate, I extrapolate the 3-year average effective tax rate from 2019, 2020 and 2021.</li><li>For the terminal growth rate, I apply expected nominal GDP growth at 3.5%. Although I think that growth equal to the estimated nominal long-term GDP growth is strongly understating MSFT&#39;s potential, especially as the company is spending 20% of revenues in R&amp;D, I want to be conservative in my valuation.</li><li>I do not model any share buyback - further supporting a conservative valuation.</li></ul><p>Based on the above assumptions, my calculation returns a base-case target price for MSFT of $368.64/share, implying material upside of about 40%.</p><p></p><p><img src=\"https://static.tigerbbs.com/1ae4d1d78242c71005f8f3d688cc275f\" tg-width=\"640\" tg-height=\"224\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Analyst Consensus EPS; Author&#39;s Calculations</p><p>I understand that investors might have different assumptions with regards to MSFT&#39;s required return and terminal business growth. Thus, I also enclose a sensitivity table to test varying assumptions. For reference, red cells imply an overvaluation as compared to the current market price, and green cells imply an undervaluation. The risk/reward looks highly favorable to me.</p><p></p><p><img src=\"https://static.tigerbbs.com/f4b70197be750c400b1774c1f7a49095\" tg-width=\"640\" tg-height=\"154\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Analyst Consensus EPS; Author&#39;s Calculations</p><p>My base-case target price for MSFT stock is broadly in line with analyst consensus. Analysts see the stock&#39;s fair price at around $357.85/share.</p><p></p><p><img src=\"https://static.tigerbbs.com/2830c52d7f5392507fb4583a928ebfa4\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><h2><b>Risks</b></h2><p>I would like to highlight the following downside risks that could cause MSFT stock to materially differ from my price target of 368.64/share:</p><p>First, a worsening macro-environment including inflation and supply-chain challenges could negatively impact MSFT&#39;s customer base, both enterprise and consumer. If challenges turn out to be more severe and/or last longer than expected, the company&#39;s financial outlook should be adjusted accordingly.</p><p>Second, investors should monitor competitive forces in the cloud industry. Although I highlighted the difference between TikTok and MSFT from a value-proposition perspective, I also highlighted that the company is competing for advertising spending. Thus, if competition increases more than what is modelled by analysts, profitability margins and EPS estimates for MSFT web must be adjusted accordingly.</p><p>Third, much of MSFT&#39;s current share price volatility is currently driven by investor sentiment towards risk and growth assets. Thus, investors should expect price volatility even though MSFT&#39;s business outlook remains unchanged. In addition, inflation and rising-real yields could add significant headwinds to MSFT&#39;s stock price, as the higher discount rates affect the net present value of long-dated cash flows.</p><p>Fourth, Microsoft&#39;s size and scale are too difficult to ignore for anti-trust officials. While the company has managed to defend past lawsuits in the EU and the U.S., the anti-competition allegations against Microsoft could accelerate and either force the company to spin-off units and/or slow market expansion.</p><p>Finally, Microsoft is a consensus buy on Wall Street. Thus, the company&#39;s share price is vulnerable to downside disappointment.</p><h2>Conclusion</h2><p>Judged merely by the MSFT&#39;s P/E multiple of approximately x25, Microsoft stock appears expensive in relation to the company&#39;s FAAMG peers and very expensive in relation to the S&amp;P 500. However, if we add to the P/E multiple growth expectations, the picture reverses: MSFT stock is very cheap in relation to the S&amp;P 500 and cheap in relation to FAAMG - only second to Google.</p><p>From a business model perspective, Microsoft&#39;s potential is arguably unmatched. The company operates the world&#39;s leading cloud business with high-margin PaaS offerings being 47% of cloud sales, vs 53% for IaaS. Moreover, if we consider the Metaverse, Microsoft is the only player with leading exposure to infrastructure, software and content. Based on a residual earnings framework anchored on analyst EPS estimates, I calculate a fair implied share price of $368.64/share. Thus, in my opinion, MSFT is a confident buy at &lt;$280/share. Very bullish.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft: Ignore The P/E, Or You Miss A Bargain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft: Ignore The P/E, Or You Miss A Bargain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-30 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4520935-microsoft-ignore-the-pe-or-you-miss-a-bargain><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisMicrosoft Corporation (NASDAQ:MSFT) stock is down approximately to 20% YTD, in line with the broad market (Reference: S&P 500). With regards to price-earnings multiple, however, the stock is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4520935-microsoft-ignore-the-pe-or-you-miss-a-bargain\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4520935-microsoft-ignore-the-pe-or-you-miss-a-bargain","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2247024065","content_text":"ThesisMicrosoft Corporation (NASDAQ:MSFT) stock is down approximately to 20% YTD, in line with the broad market (Reference: S&P 500). With regards to price-earnings multiple, however, the stock is trading at a P/E GAAP (FWD) of x27.5 vs approximately x16 for the S&P. Thus, Microsoft stock appears expensive - at first.But this is not how I see it. In my opinion, investors should consider the company's valuation in a richer context, as MSFT undisputedly outperforms the market with regards to: growth expectations/potential (1); profit margin (2); competitive moat (3); R&D investment (4); brand equity (5); and talent attraction (6). That said, if we put things in perspective, the stock appears cheap. Based on a residual earnings framework anchored on analyst EPS estimates, I calculate a fair implied share price of $368.64/share.Is Microsoft cheap?I have been holding MSFT stock for years now. And, every year I debate myself if I should sell the stock given the company's perceived P/E multiple premium. But merely looking at P/E ratios is not the correct way of thinking about equities, as the ratio captures only the present earnings of a company, while the price incorporates the future. That said, investors are advised to look at a company's growth (1), the business' profit margins (2), and the competitive moat to defend growth and margins against competition (3). With regards to these dimensions, Microsoft truly stands out.First, let us look at the company's growth. Analyst consensus expects a 3-year CAGR for Microsoft of approximately 20%, from 2022 until 2025 (Source: Bloomberg Terminal). If we consider nominal GDP growth at slightly below 3%, Microsoft is outpacing the broad market by a factor of x7!Microsoft's profitability is unmatched. Microsoft's operating margin (EBIT) margin scores at 42.56%, versus 8.10% being the sector median. Respectively, net-income margin (TTM) is 37.63% versus 5.34%. Most notably, not even Apple (AAPL) matches Microsoft's profitability. Despite Apple's brand equity and pricing power, the company \"only\" achieves 30.93% EBIT margin and 26.41 net-income margin, implying that Microsoft's margins are about 10 percentage points higher! Moreover, Microsoft's expected growth is unlikely to dilute margins, since cloud IaaS (53% of sales) and high-margin PaaS (43% of sales) are expected to achieve 50% and >70% operating margin.Seeking AlphaFrom a competitive standpoint, Microsoft looks like an impenetrable fortress. There are multiple aspects that support the company's moat, including $210 billion of brand equity, $23.35 billion of R&D investments, intellectual property (including more than 8.500 US patents), and top-league talent attraction.As a side note, if we consider the Metaverse, a 13 trillion market according to Citi research, Microsoft is the only player with leading exposure to infrastructure (hardware, VR, cloud), software (AI) and content (games).So, is Microsoft cheap? If we consider the FAAMG universe (I cancel Netflix), then we see that Microsoft's 2023 forward P/E is the second highest at x24.49. Facebook/Meta Platforms (META) looks very cheap at x12.95. However, if we include 3-year CAGR expectations, the picture changes considerably. The PEG is broadly considered as an adequate valuation metric to capture the relative trade-off between the company's current stock price, current earnings and the expected growth. The ratio is calculated as a P/E divided by 3-year CAGR expectation. Microsoft suddenly looks very cheap. Or in other words, considerably cheaper than Facebook, Apple, and Google (GOOG, GOOGL).Analyst Consensus EPS; Author's CalculationsFinally, I would like to note that the above metrics are anchored on MSFT's levered valuation (equity). But investors should consider that Microsoft is actually a net creditor, and thus the enterprise value is lower than the company's equity value. As of Q1 2022, Microsoft recorded 104.66 billion of cash and short-term investments and $77.98 billion of total debt. Thus, Microsoft has a net cash position of $26.68 billionHow to value MSFTI have shown that Microsoft is actually not expensive on a relative basis vs. FAAMG stocks. And Microsoft appears very cheap when compared to the S&P 500. But on an absolute basis, what could be a fair per-share value for the company's stock? To answer the question, I have constructed a Residual Earnings framework and anchor on the following assumptions:To forecast revenues and EPS, I anchor on consensus analyst forecast as available on the Bloomberg Terminal.The estimate of the cost of capital, I use the WACC framework. I model a three-year regression against the S&P to find the stock's beta. For the risk-free rate, I used the U.S. 10-year treasury yield as of June 24, 2022. My calculation indicates a fair WACC of 7.5%.To derive MSFT's tax rate, I extrapolate the 3-year average effective tax rate from 2019, 2020 and 2021.For the terminal growth rate, I apply expected nominal GDP growth at 3.5%. Although I think that growth equal to the estimated nominal long-term GDP growth is strongly understating MSFT's potential, especially as the company is spending 20% of revenues in R&D, I want to be conservative in my valuation.I do not model any share buyback - further supporting a conservative valuation.Based on the above assumptions, my calculation returns a base-case target price for MSFT of $368.64/share, implying material upside of about 40%.Analyst Consensus EPS; Author's CalculationsI understand that investors might have different assumptions with regards to MSFT's required return and terminal business growth. Thus, I also enclose a sensitivity table to test varying assumptions. For reference, red cells imply an overvaluation as compared to the current market price, and green cells imply an undervaluation. The risk/reward looks highly favorable to me.Analyst Consensus EPS; Author's CalculationsMy base-case target price for MSFT stock is broadly in line with analyst consensus. Analysts see the stock's fair price at around $357.85/share.Seeking AlphaRisksI would like to highlight the following downside risks that could cause MSFT stock to materially differ from my price target of 368.64/share:First, a worsening macro-environment including inflation and supply-chain challenges could negatively impact MSFT's customer base, both enterprise and consumer. If challenges turn out to be more severe and/or last longer than expected, the company's financial outlook should be adjusted accordingly.Second, investors should monitor competitive forces in the cloud industry. Although I highlighted the difference between TikTok and MSFT from a value-proposition perspective, I also highlighted that the company is competing for advertising spending. Thus, if competition increases more than what is modelled by analysts, profitability margins and EPS estimates for MSFT web must be adjusted accordingly.Third, much of MSFT's current share price volatility is currently driven by investor sentiment towards risk and growth assets. Thus, investors should expect price volatility even though MSFT's business outlook remains unchanged. In addition, inflation and rising-real yields could add significant headwinds to MSFT's stock price, as the higher discount rates affect the net present value of long-dated cash flows.Fourth, Microsoft's size and scale are too difficult to ignore for anti-trust officials. While the company has managed to defend past lawsuits in the EU and the U.S., the anti-competition allegations against Microsoft could accelerate and either force the company to spin-off units and/or slow market expansion.Finally, Microsoft is a consensus buy on Wall Street. Thus, the company's share price is vulnerable to downside disappointment.ConclusionJudged merely by the MSFT's P/E multiple of approximately x25, Microsoft stock appears expensive in relation to the company's FAAMG peers and very expensive in relation to the S&P 500. However, if we add to the P/E multiple growth expectations, the picture reverses: MSFT stock is very cheap in relation to the S&P 500 and cheap in relation to FAAMG - only second to Google.From a business model perspective, Microsoft's potential is arguably unmatched. The company operates the world's leading cloud business with high-margin PaaS offerings being 47% of cloud sales, vs 53% for IaaS. Moreover, if we consider the Metaverse, Microsoft is the only player with leading exposure to infrastructure, software and content. Based on a residual earnings framework anchored on analyst EPS estimates, I calculate a fair implied share price of $368.64/share. Thus, in my opinion, MSFT is a confident buy at <$280/share. Very bullish.","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045129495,"gmtCreate":1656580811517,"gmtModify":1676535857678,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045129495","repostId":"1129634609","repostType":4,"repost":{"id":"1129634609","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656554042,"share":"https://www.laohu8.com/m/news/1129634609?lang=&edition=full","pubTime":"2022-06-30 09:54","market":"us","language":"en","title":"Reminder: U.S. Market Will be Closed on July 4 for Independence Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1129634609","media":"Tiger Newspress","summary":"US Independence Day are around the corner. The U.S. market will be closed on Monday, 4 July 2022. Pl","content":"<html><head></head><body><p>US Independence Day are around the corner. The U.S. market will be closed on Monday, 4 July 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.<img src=\"https://static.tigerbbs.com/c3652d76f0953e0c2d017b2fd446fbca\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. Market Will be Closed on July 4 for Independence Day</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\">\nReminder: U.S. Market Will be Closed on July 4 for Independence Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-30 09:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>US Independence Day are around the corner. The U.S. market will be closed on Monday, 4 July 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.<img src=\"https://static.tigerbbs.com/c3652d76f0953e0c2d017b2fd446fbca\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","HSI":"恒生指数",".DJI":"道琼斯","HSTECH":"恒生科技指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129634609","content_text":"US Independence Day are around the corner. The U.S. market will be closed on Monday, 4 July 2022. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042484433,"gmtCreate":1656514412822,"gmtModify":1676535843425,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042484433","repostId":"2247014847","repostType":4,"isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042484999,"gmtCreate":1656514368611,"gmtModify":1676535843409,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042484999","repostId":"2247564800","repostType":4,"repost":{"id":"2247564800","pubTimestamp":1656512826,"share":"https://www.laohu8.com/m/news/2247564800?lang=&edition=full","pubTime":"2022-06-29 22:27","market":"us","language":"en","title":"Tesla: This Investment Is Not For The Faint-Hearted","url":"https://stock-news.laohu8.com/highlight/detail?id=2247564800","media":"seekingalpha","summary":"SummaryTesla is the world’s leading electric vehicle manufacturer.The company’s shares are down more than 40% from their 52-week high, which in the current environment is relatively resilient for expe","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla is the world’s leading electric vehicle manufacturer.</li><li>The company’s shares are down more than 40% from their 52-week high, which in the current environment is relatively resilient for expensive tech stocks.</li><li>The future of this business is somewhat shrouded in mystery, with CEO Elon Musk having a habit of overpromising and underdelivering.</li><li>Despite this, Tesla is at the forefront of a shift to electrification, and I for one can get behind its mission to “accelerate the world’s transition to sustainable energy”.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18a8ddcfd306d6221eb23ad49f4e085f\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>MikeMareen/iStock Editorial via Getty Images</span></p><p><b>Investment Thesis</b></p><blockquote>Reach for the stars, and if you don&#39;t grab &#39;em, at least you&#39;ll fall on top of the world</blockquote><p>I hope that everyone here recognizes the lyrical genius of Mr. Worldwide himself, especially this line is taken from Pitbull’s songGive Me Everything.</p><p>I can’t help but feel like CEO (sorry, Technoking) of Tesla, Inc. (NASDAQ:NASDAQ:TSLA) Elon Musk found himself inspired by these lyrics. He certainly has a habit of reaching for the stars – whether it&#39;s quite literally thanks to SpaceX, or the fact that he has a habit of making wild promises &amp; setting goals that go far beyond the realms of &#34;ambitious.&#34;</p><p>Yet Mr. Musk has found himself falling on top of the world, as Tesla has had a fantastic few years and continues to make impressive progress on full self-driving. Tesla continues to reach for the stars, but will they just come crashing down to earth? I put the company through my investing framework to find out.</p><p><b>Business Overview</b></p><p>Tesla has pioneered electric vehicle technology since its inception almost 20 years ago, and the company appears to have reached an inflection point over the past 5 years – moving from the brink of bankruptcy in 2018 to a trillion dollar company in 2021.</p><p>Tesla is primarily an automotive company right now, and it has four car models:</p><ul><li>Model S: a 4-door, high performance sedan</li><li>Model 3: a 4-door, mid-size sedan designed for the mass-market</li><li>Model X: a mid-size, high-performance SUV</li><li>Model Y: a company SUV built on the Model 3 platform</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9a52b2206e73300b606f427914d8d63\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/><span>Tesla</span></p><p>The rollout of Tesla’s Model 3 helped transform the business over the past 5 years. Its mass-market appeal and more affordable price point certainly turned Tesla from an up-and-coming EV company to a genuine automotive business. The below chart highlights just how important the Model 3 has been to Tesla over recent years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/66070afd3a5ab98e954039f1c27b5802\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Statista</span></p><p>Tesla also offers additional products for energy generation and storage. These include Powerwall, a lithium-ion battery storage product designed for a home, Megapack, an energy storage solution for much larger facilities, and Solar Roof, which is well... a solar powered roof.</p><p>The company also has also invested in a significant amount of vertical integration and additional solutions, including but not limited to:</p><ul><li>In-house developed battery and powertrain technology</li><li>Self-Driving technologies, with offerings such as Autopilot and FSD (Full self-driving).</li><li>A network of Tesla Superchargers, which offer high-speed EV charging for Tesla owners</li><li>A direct-to-consumer sales approach through its website, and an international network of company owned stores</li><li>An insurance product which was launched in California in 2019, and has expanded into more and more states</li></ul><p>It would be possible to do a dedicated article on every single <a href=\"https://laohu8.com/S/AONE.U\">one</a> of these additional solutions – but I don’t want to write a novel, at least not yet. That is before considering the future products that Tesla could potentially offer, such as the cybertruck, a network of robotaxis, and Elon Musk’s new favorite toy – the Optimus robot. Whilst I don’t expect all of these ideas to succeed, I do like to see a company with optionality, and Tesla has this in abundance.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23f883f28e00544dd09c773e389364f9\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>The Optimus Robot (Tesla)</span></p><p><b>Economic Moats</b></p><p>With every business, I look to see if there are any durable competitive advantages (aka economic moats) that will help the company continue to thrive whilst protecting itself from competition. Right now, I believe that Tesla has a number of competitive advantages.</p><p>The first moat worth highlighting is the network effect that Tesla has. Its vehicles are substantially more technologically advanced and interconnected than those of the incumbent manufacturers, and as such Tesla is able to generate a wealth of data from every mile that is driven.</p><p>This has given them a lead in autonomous driving, as the company has been able to analyze the ever-growing masses of data received from its FSD programs, following which they are able to iterate and rollout improved versions. Tesla is still yet to completely crack full self-driving, but once (or if) it does, it will be transformational for both the company and the world. The below quote from CEO Musk clearly shows his excitement combined with an awareness that this has been a long time coming, yet has never arrived:</p><blockquote>Well, with respect to full self-driving, of any technology development I’ve ever been involved in, I’ve never really seen more kind of false dawns or where it seems like we’re going to break through, but we don’t, as I’ve seen in full self-driving. And ultimately, what it comes down to is that to solve full self-driving, you actually have to solve real-world artificial intelligence, which is -- which nobody has solved. The whole road system is made for biological neural nets and eyes. And so, actually, when you think about it, in order to solve for full self-driving, we have to solve neural nets and cameras to a degree of capability that is on par with or really exceeds humans.</blockquote><blockquote>And I think we will achieve that this year. The best way to reach your own assessment is to join the Tesla full self-driving beta program where we have over 100,000 people right now enrolled in that program, and we expect to broaden that significantly this year. So, that’s my recommendation, is join the full self-driving beta program and experience it for yourself and take note of the rate of improvement with every release. And we put out a new release roughly every two weeks. And you’ll see a little bit of two steps forward, one step back. But overall, the rate of improvement is incredibly quick.</blockquote><p>So, Musk thinks FSD will be achieved this year – I’m sure he’s never said that before…</p><p>Regardless, the amount of data that Tesla has been able to obtain for FSD is unmatched by competitors, and the network effect is this: more data leads to improved FSD, improved FSD leads to more customers buying Teslas and using FSD, more customers using FSD results in more data, and more data leads to improved FSD. Humans have been trying to crack autonomous driving for a long time, but this network effect may well provide the best opportunity yet.</p><p>Another network effect that I think is more realistic &amp; sometimes overlooked is with insurance, probably because it’s not as exciting as the idea of robotaxis. Yet it is a similar story to the one above; Tesla has a very connected network of cars with tons of data, and this should enable them to offer data-driven insurance to customers that ends up being increasingly accurate as this network grows.</p><p>Tesla also benefits from some switching costs, and this is driven by their network of Superchargers. The company has worked hard to build out this network &amp; ensure that Tesla drivers can access these Superchargers easily – but, originally these were only available for Tesla drivers. This is clearly a switching cost, but Tesla has recently trialed opening up its Supercharger network to non-Tesla EVs. Whilst this reduces Tesla’s competitive advantage, I think it was always going to be eroded away over time as EV adoption increases – so perhaps this pilot is Tesla’s way of getting ahead of the curve?</p><p>Tesla also has the benefit of low-cost production, driven by their vertical integration on battery technology, direct-to-consumer sales, and the ultra-efficient Gigafactories. In fact, a view of their TTM operating margin compared to the incumbents is quite incredible – particularly when you consider that Tesla continues to be less established, and probably has even more room to expand these margins, particularly with the potential for additional software offerings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d92e0d8f7493cae26081c74e9a6693b8\" tg-width=\"640\" tg-height=\"308\" referrerpolicy=\"no-referrer\"/><span>Tesla Q1&#39;22 Investor Presentation</span></p><p>The final moat that I’ll give Tesla credit for is their brand, and I don’t think anyone can argue with this – but just in case you want to, I’ll add in the below graphic comparing Tesla’s ad-spending per car sold back in 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7c781fe9080e9f67aa3ce0af810baa2\" tg-width=\"640\" tg-height=\"640\" referrerpolicy=\"no-referrer\"/><span>Visual Capitalist</span></p><p>This is another one of the many reasons why Tesla is able to churn out industry-leading margins.</p><p>Despite this lack of marketing, demand is still substantially outweighing supply, as per Elon Musk on the Q1’22 conference call:</p><blockquote>I should mention that it may seem like maybe we’re being unreasonable about increasing the prices of our vehicles, given that we had record profitability this quarter, but the wait list for our vehicles is quite long. And some of the vehicles that people will order, the wait list extends into next year. So, our prices of vehicles ordered now are really anticipating supplier and logistics cost growth that we’re aware of and believe will happen over the next 6 to 12 months. So, that’s why we have the price increases today because the car ordered today will arrive, in some cases, a year from now. So, we have a very long wait list, and we’re obviously not demand-limited. We are production-limited by -- very much production-limited.</blockquote><p>As you can also see, a strong brand gives pricing power &amp; this is just one other lever Tesla can pull in order to keep delivering strong financial results.</p><p>All in all, there are several powerful economic moats that should help Tesla protect itself from the ever-emerging competition.</p><p><b>Outlook</b></p><p>I’ll be honest, it’s pretty difficult to give an exact figure on the potential opportunity for Tesla – particularly if the company succeeds with its full self-driving, the robotaxi network, or even the Optimus robot. I think all any shareholder needs to know is that the opportunity is huge, and it’s only getting bigger.</p><p>If I take a step back and focus solely on the EV market, the opportunity remains both fast growing and enormous. According to Facts and Factors, the global electric vehicle market is expected to grow from a size of $185 billion in 2021 to $980 billion by 2028, implying a CAGR of 24.5% over that period – with Tesla leading the charge (geddit?).</p><p><b>Management</b></p><p>When it comes to fast-paced, innovative companies, I always aim to find founder-led businesses where inside ownership is high. I’ll start by highlighting that, even though Elon Musk is not the founder of Tesla, he certainly has his heart and soul in the business. If he walks like a founder and talks like a founder, I’m more than happy to consider Elon Musk a founder.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7ef06816853cbc8925c926acef1fb\" tg-width=\"640\" tg-height=\"318\" referrerpolicy=\"no-referrer\"/><span>Tesla Q1&#39;22 Investor Presentation</span></p><p>I also want to invest in companies where leadership has skin-in-the-game, and Mr. Musk has this in abundance. This is a CEO who understands what skin-in-the-game truly means, as he shows in this 2019 tweet.</p><p>But do the numbers back that up? They certainly do, as Elon Musk owns ~25% of the company – no wonder he’s the richest man in the world!</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c94e4e6285ec0abd74a194a9cf51c478\" tg-width=\"640\" tg-height=\"95\" referrerpolicy=\"no-referrer\"/><span>Tesla 2021 Proxy Filing / Excel</span></p><p>I also like to take a quick look on Glassdoor to get an idea about the culture of a company, and Tesla gets somewhat underwhelming scores from the ~7,000 reviews left by employees. Any score over 4.0 is impressive, and Tesla fails to obtain this in any category. The score is particularly low on Work/Life Balance, which probably isn’t a surprise to anyone – whilst Elon Musk has undoubtedly driven the world forward with some of his companies, he also has a reputation of being tough to work for. He has incredibly high expectations from himself and those around him – unfortunately, this appears to have led to a culture within Tesla that I would not be too happy with as a shareholder.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5a0db0f879ac0ac11e4ff2c8e86530d\" tg-width=\"640\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/><span>Glassdoor</span></p><p><b>Financials</b></p><p>Tesla’s financial profile over the last few years is something of a turnaround story, starting with their balance sheet. Back in 2018, the company had almost 3x as much debt as they had cash. Fast-forward to 2021, and that has completed flipped, with cash now representing more than 3x their debt. This has been driven by the company&#39;s ability to ramp up sales and bring in additional cash flow to shore up the balance sheet, as well as raising funds through additional share offerings. The bankruptcy risk to Tesla around 2018 was well documented, but clearly now it is a company in an extremely robust financial position that will serve it will for the future.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fcd19b7e6b5ff0d24497bfe963e7db2\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/><span>Tesla SEC Filings / Excel</span></p><p>Revenue growth has been lumpy over this period, at times impacted by the needed ramp up of its production facilities as well as the impact of lockdowns during the pandemic – but 2021 saw revenue absolutely soar as the world opened up again, and consumer spending took off like a rocket.</p><p>Margins and cash flow for this business are impressive, whichever way you look at it. The EBIT margin has seen astounding expansion for such a capital-intensive business, and similarly the ~$11.5 billion in operating cash flow in 2021 is incredibly strong. It makes you wonder how a business goes from the brink of bankruptcy to a cash generating machine in just a few years.</p><p><b>Valuation</b></p><p>As with all high growth, innovative companies, valuation is tough – and for a company who believe their future products to be life changing, it is even more difficult. I believe that my approach will give me an idea about whether Tesla is insanely overvalued or undervalued, but valuation is the final thing I look at - the quality of the business itself is far more important in the long run.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48ad05f01f439dfffcb8971c90609b3c\" tg-width=\"640\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/><span>Tesla SEC Filings / Excel</span></p><p>My model assumes revenue growth of 50% for 2022, following Tesla&#39;s guidance of 50% YoY growth in vehicle deliveries driven by the continued strong demand and production ramp up despite the continued issues in Shanghai. I have then assumed a slowdown in revenue growth through to 2026. It’s perfectly reasonable to think that this is too conservative, however I would always prefer to be too conservative rather than too optimistic.</p><p>I have also assumed a gradual margin expansion as Tesla continues to benefit from its scale, and those investments in vertically integrated aspects of its business start to play out.</p><p>I assumed that shares outstanding will increase by 5% annually through to 2026. Tesla has a history of diluting shareholders, however I still think that this assumption is prudent – as Tesla continues to produce more cash, I doubt it will continue to dilute shareholders at a dramatic rate.</p><p>Finally, I’ve chosen a wide range of EV / FCF multiples for the low, medium, and high scenario. This represents my own uncertainty about the future of Tesla, the fact that it is priced for a lot of success, but also the fact that it could see success that is far beyond my imagination.</p><p>Put this all together, and my mid-range scenario implies an 11% CAGR of Tesla shares from today through to 2026.</p><p><b>Risks</b></p><p>There are a number of potential risks for Tesla, as my fellow Seeking Alpha highlights in this detailed article. I do think the approach is very &#34;glass half empty,&#34; but it is useful for potential shareholders to familiarize themselves with these risks.</p><p>In my eyes, there are a couple of main risks. First is competition – EVs are growing in popularity, and there are a number of new EV-specialist car manufacturers as well as the incumbents who are all coming to do battle with Tesla. Clearly, Tesla has a huge head start, but shareholders should keep an eye on any competitors who appear to be closing this gap.</p><p>The second risk primarily relates to China. Clearly there are geopolitical risks, and China is also one of the most competitive markets for electric vehicles – and, it’s likely to grow and be the largest. If Tesla is impacted by geopolitics, then it could suffer greatly. Just take a look at the below table of car sales over the past few years to see the impact that China is having on Tesla’s business, with its growth outpacing the US and Other substantially.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0180430811196be3b429d3a937fabcb2\" tg-width=\"640\" tg-height=\"207\" referrerpolicy=\"no-referrer\"/><span>Tesla 2021 Annual Report</span></p><p>The final risk is that of a recession, which could certainly be looming. Whilst I think Tesla does benefit from secular tailwinds, I would not be surprised to see consumers cut back on spending for new, somewhat luxury cars - and I&#39;d expect the automotive industry to be hit particularly hard.</p><p><b>Summary</b></p><p>An investment in Tesla is certainly not for the faint hearted, and I want to highlight that my current view on Tesla is a <b>tentative buy rating</b>. I wouldn’t be surprised to hear either of the following statements in 2030:</p><p>“Remember when we used to drive cars? The fact that we’ve got these Tesla robotaxis is crazy when you think about it, they’ve taken over the world!”</p><p><b>Or</b></p><p>“Tesla sure was overhyped. They really struggled in China, and in the end they ended up just being a car company – despite what I’d seen on Reddit, poor Elon.”</p><p>Personally, I believe that Tesla does have a bright future – even if I can’t predict it with much certainty, there are so many tailwinds driving this brilliant company forward. The share price today offers a much more attractive risk / reward profile, and that I why I would be happy to add this ground-breaking company to my investment portfolio.</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>Tesla: This Investment Is Not For The Faint-Hearted</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: This Investment Is Not For The Faint-Hearted\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 22:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4520825-tesla-this-investment-is-not-for-the-faint-hearted><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla is the world’s leading electric vehicle manufacturer.The company’s shares are down more than 40% from their 52-week high, which in the current environment is relatively resilient for ...</p>\n\n<a href=\"https://seekingalpha.com/article/4520825-tesla-this-investment-is-not-for-the-faint-hearted\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4520825-tesla-this-investment-is-not-for-the-faint-hearted","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2247564800","content_text":"SummaryTesla is the world’s leading electric vehicle manufacturer.The company’s shares are down more than 40% from their 52-week high, which in the current environment is relatively resilient for expensive tech stocks.The future of this business is somewhat shrouded in mystery, with CEO Elon Musk having a habit of overpromising and underdelivering.Despite this, Tesla is at the forefront of a shift to electrification, and I for one can get behind its mission to “accelerate the world’s transition to sustainable energy”.MikeMareen/iStock Editorial via Getty ImagesInvestment ThesisReach for the stars, and if you don't grab 'em, at least you'll fall on top of the worldI hope that everyone here recognizes the lyrical genius of Mr. Worldwide himself, especially this line is taken from Pitbull’s songGive Me Everything.I can’t help but feel like CEO (sorry, Technoking) of Tesla, Inc. (NASDAQ:NASDAQ:TSLA) Elon Musk found himself inspired by these lyrics. He certainly has a habit of reaching for the stars – whether it's quite literally thanks to SpaceX, or the fact that he has a habit of making wild promises & setting goals that go far beyond the realms of \"ambitious.\"Yet Mr. Musk has found himself falling on top of the world, as Tesla has had a fantastic few years and continues to make impressive progress on full self-driving. Tesla continues to reach for the stars, but will they just come crashing down to earth? I put the company through my investing framework to find out.Business OverviewTesla has pioneered electric vehicle technology since its inception almost 20 years ago, and the company appears to have reached an inflection point over the past 5 years – moving from the brink of bankruptcy in 2018 to a trillion dollar company in 2021.Tesla is primarily an automotive company right now, and it has four car models:Model S: a 4-door, high performance sedanModel 3: a 4-door, mid-size sedan designed for the mass-marketModel X: a mid-size, high-performance SUVModel Y: a company SUV built on the Model 3 platformTeslaThe rollout of Tesla’s Model 3 helped transform the business over the past 5 years. Its mass-market appeal and more affordable price point certainly turned Tesla from an up-and-coming EV company to a genuine automotive business. The below chart highlights just how important the Model 3 has been to Tesla over recent years.StatistaTesla also offers additional products for energy generation and storage. These include Powerwall, a lithium-ion battery storage product designed for a home, Megapack, an energy storage solution for much larger facilities, and Solar Roof, which is well... a solar powered roof.The company also has also invested in a significant amount of vertical integration and additional solutions, including but not limited to:In-house developed battery and powertrain technologySelf-Driving technologies, with offerings such as Autopilot and FSD (Full self-driving).A network of Tesla Superchargers, which offer high-speed EV charging for Tesla ownersA direct-to-consumer sales approach through its website, and an international network of company owned storesAn insurance product which was launched in California in 2019, and has expanded into more and more statesIt would be possible to do a dedicated article on every single one of these additional solutions – but I don’t want to write a novel, at least not yet. That is before considering the future products that Tesla could potentially offer, such as the cybertruck, a network of robotaxis, and Elon Musk’s new favorite toy – the Optimus robot. Whilst I don’t expect all of these ideas to succeed, I do like to see a company with optionality, and Tesla has this in abundance.The Optimus Robot (Tesla)Economic MoatsWith every business, I look to see if there are any durable competitive advantages (aka economic moats) that will help the company continue to thrive whilst protecting itself from competition. Right now, I believe that Tesla has a number of competitive advantages.The first moat worth highlighting is the network effect that Tesla has. Its vehicles are substantially more technologically advanced and interconnected than those of the incumbent manufacturers, and as such Tesla is able to generate a wealth of data from every mile that is driven.This has given them a lead in autonomous driving, as the company has been able to analyze the ever-growing masses of data received from its FSD programs, following which they are able to iterate and rollout improved versions. Tesla is still yet to completely crack full self-driving, but once (or if) it does, it will be transformational for both the company and the world. The below quote from CEO Musk clearly shows his excitement combined with an awareness that this has been a long time coming, yet has never arrived:Well, with respect to full self-driving, of any technology development I’ve ever been involved in, I’ve never really seen more kind of false dawns or where it seems like we’re going to break through, but we don’t, as I’ve seen in full self-driving. And ultimately, what it comes down to is that to solve full self-driving, you actually have to solve real-world artificial intelligence, which is -- which nobody has solved. The whole road system is made for biological neural nets and eyes. And so, actually, when you think about it, in order to solve for full self-driving, we have to solve neural nets and cameras to a degree of capability that is on par with or really exceeds humans.And I think we will achieve that this year. The best way to reach your own assessment is to join the Tesla full self-driving beta program where we have over 100,000 people right now enrolled in that program, and we expect to broaden that significantly this year. So, that’s my recommendation, is join the full self-driving beta program and experience it for yourself and take note of the rate of improvement with every release. And we put out a new release roughly every two weeks. And you’ll see a little bit of two steps forward, one step back. But overall, the rate of improvement is incredibly quick.So, Musk thinks FSD will be achieved this year – I’m sure he’s never said that before…Regardless, the amount of data that Tesla has been able to obtain for FSD is unmatched by competitors, and the network effect is this: more data leads to improved FSD, improved FSD leads to more customers buying Teslas and using FSD, more customers using FSD results in more data, and more data leads to improved FSD. Humans have been trying to crack autonomous driving for a long time, but this network effect may well provide the best opportunity yet.Another network effect that I think is more realistic & sometimes overlooked is with insurance, probably because it’s not as exciting as the idea of robotaxis. Yet it is a similar story to the one above; Tesla has a very connected network of cars with tons of data, and this should enable them to offer data-driven insurance to customers that ends up being increasingly accurate as this network grows.Tesla also benefits from some switching costs, and this is driven by their network of Superchargers. The company has worked hard to build out this network & ensure that Tesla drivers can access these Superchargers easily – but, originally these were only available for Tesla drivers. This is clearly a switching cost, but Tesla has recently trialed opening up its Supercharger network to non-Tesla EVs. Whilst this reduces Tesla’s competitive advantage, I think it was always going to be eroded away over time as EV adoption increases – so perhaps this pilot is Tesla’s way of getting ahead of the curve?Tesla also has the benefit of low-cost production, driven by their vertical integration on battery technology, direct-to-consumer sales, and the ultra-efficient Gigafactories. In fact, a view of their TTM operating margin compared to the incumbents is quite incredible – particularly when you consider that Tesla continues to be less established, and probably has even more room to expand these margins, particularly with the potential for additional software offerings.Tesla Q1'22 Investor PresentationThe final moat that I’ll give Tesla credit for is their brand, and I don’t think anyone can argue with this – but just in case you want to, I’ll add in the below graphic comparing Tesla’s ad-spending per car sold back in 2021.Visual CapitalistThis is another one of the many reasons why Tesla is able to churn out industry-leading margins.Despite this lack of marketing, demand is still substantially outweighing supply, as per Elon Musk on the Q1’22 conference call:I should mention that it may seem like maybe we’re being unreasonable about increasing the prices of our vehicles, given that we had record profitability this quarter, but the wait list for our vehicles is quite long. And some of the vehicles that people will order, the wait list extends into next year. So, our prices of vehicles ordered now are really anticipating supplier and logistics cost growth that we’re aware of and believe will happen over the next 6 to 12 months. So, that’s why we have the price increases today because the car ordered today will arrive, in some cases, a year from now. So, we have a very long wait list, and we’re obviously not demand-limited. We are production-limited by -- very much production-limited.As you can also see, a strong brand gives pricing power & this is just one other lever Tesla can pull in order to keep delivering strong financial results.All in all, there are several powerful economic moats that should help Tesla protect itself from the ever-emerging competition.OutlookI’ll be honest, it’s pretty difficult to give an exact figure on the potential opportunity for Tesla – particularly if the company succeeds with its full self-driving, the robotaxi network, or even the Optimus robot. I think all any shareholder needs to know is that the opportunity is huge, and it’s only getting bigger.If I take a step back and focus solely on the EV market, the opportunity remains both fast growing and enormous. According to Facts and Factors, the global electric vehicle market is expected to grow from a size of $185 billion in 2021 to $980 billion by 2028, implying a CAGR of 24.5% over that period – with Tesla leading the charge (geddit?).ManagementWhen it comes to fast-paced, innovative companies, I always aim to find founder-led businesses where inside ownership is high. I’ll start by highlighting that, even though Elon Musk is not the founder of Tesla, he certainly has his heart and soul in the business. If he walks like a founder and talks like a founder, I’m more than happy to consider Elon Musk a founder.Tesla Q1'22 Investor PresentationI also want to invest in companies where leadership has skin-in-the-game, and Mr. Musk has this in abundance. This is a CEO who understands what skin-in-the-game truly means, as he shows in this 2019 tweet.But do the numbers back that up? They certainly do, as Elon Musk owns ~25% of the company – no wonder he’s the richest man in the world!Tesla 2021 Proxy Filing / ExcelI also like to take a quick look on Glassdoor to get an idea about the culture of a company, and Tesla gets somewhat underwhelming scores from the ~7,000 reviews left by employees. Any score over 4.0 is impressive, and Tesla fails to obtain this in any category. The score is particularly low on Work/Life Balance, which probably isn’t a surprise to anyone – whilst Elon Musk has undoubtedly driven the world forward with some of his companies, he also has a reputation of being tough to work for. He has incredibly high expectations from himself and those around him – unfortunately, this appears to have led to a culture within Tesla that I would not be too happy with as a shareholder.GlassdoorFinancialsTesla’s financial profile over the last few years is something of a turnaround story, starting with their balance sheet. Back in 2018, the company had almost 3x as much debt as they had cash. Fast-forward to 2021, and that has completed flipped, with cash now representing more than 3x their debt. This has been driven by the company's ability to ramp up sales and bring in additional cash flow to shore up the balance sheet, as well as raising funds through additional share offerings. The bankruptcy risk to Tesla around 2018 was well documented, but clearly now it is a company in an extremely robust financial position that will serve it will for the future.Tesla SEC Filings / ExcelRevenue growth has been lumpy over this period, at times impacted by the needed ramp up of its production facilities as well as the impact of lockdowns during the pandemic – but 2021 saw revenue absolutely soar as the world opened up again, and consumer spending took off like a rocket.Margins and cash flow for this business are impressive, whichever way you look at it. The EBIT margin has seen astounding expansion for such a capital-intensive business, and similarly the ~$11.5 billion in operating cash flow in 2021 is incredibly strong. It makes you wonder how a business goes from the brink of bankruptcy to a cash generating machine in just a few years.ValuationAs with all high growth, innovative companies, valuation is tough – and for a company who believe their future products to be life changing, it is even more difficult. I believe that my approach will give me an idea about whether Tesla is insanely overvalued or undervalued, but valuation is the final thing I look at - the quality of the business itself is far more important in the long run.Tesla SEC Filings / ExcelMy model assumes revenue growth of 50% for 2022, following Tesla's guidance of 50% YoY growth in vehicle deliveries driven by the continued strong demand and production ramp up despite the continued issues in Shanghai. I have then assumed a slowdown in revenue growth through to 2026. It’s perfectly reasonable to think that this is too conservative, however I would always prefer to be too conservative rather than too optimistic.I have also assumed a gradual margin expansion as Tesla continues to benefit from its scale, and those investments in vertically integrated aspects of its business start to play out.I assumed that shares outstanding will increase by 5% annually through to 2026. Tesla has a history of diluting shareholders, however I still think that this assumption is prudent – as Tesla continues to produce more cash, I doubt it will continue to dilute shareholders at a dramatic rate.Finally, I’ve chosen a wide range of EV / FCF multiples for the low, medium, and high scenario. This represents my own uncertainty about the future of Tesla, the fact that it is priced for a lot of success, but also the fact that it could see success that is far beyond my imagination.Put this all together, and my mid-range scenario implies an 11% CAGR of Tesla shares from today through to 2026.RisksThere are a number of potential risks for Tesla, as my fellow Seeking Alpha highlights in this detailed article. I do think the approach is very \"glass half empty,\" but it is useful for potential shareholders to familiarize themselves with these risks.In my eyes, there are a couple of main risks. First is competition – EVs are growing in popularity, and there are a number of new EV-specialist car manufacturers as well as the incumbents who are all coming to do battle with Tesla. Clearly, Tesla has a huge head start, but shareholders should keep an eye on any competitors who appear to be closing this gap.The second risk primarily relates to China. Clearly there are geopolitical risks, and China is also one of the most competitive markets for electric vehicles – and, it’s likely to grow and be the largest. If Tesla is impacted by geopolitics, then it could suffer greatly. Just take a look at the below table of car sales over the past few years to see the impact that China is having on Tesla’s business, with its growth outpacing the US and Other substantially.Tesla 2021 Annual ReportThe final risk is that of a recession, which could certainly be looming. Whilst I think Tesla does benefit from secular tailwinds, I would not be surprised to see consumers cut back on spending for new, somewhat luxury cars - and I'd expect the automotive industry to be hit particularly hard.SummaryAn investment in Tesla is certainly not for the faint hearted, and I want to highlight that my current view on Tesla is a tentative buy rating. I wouldn’t be surprised to hear either of the following statements in 2030:“Remember when we used to drive cars? The fact that we’ve got these Tesla robotaxis is crazy when you think about it, they’ve taken over the world!”Or“Tesla sure was overhyped. They really struggled in China, and in the end they ended up just being a car company – despite what I’d seen on Reddit, poor Elon.”Personally, I believe that Tesla does have a bright future – even if I can’t predict it with much certainty, there are so many tailwinds driving this brilliant company forward. The share price today offers a much more attractive risk / reward profile, and that I why I would be happy to add this ground-breaking company to my investment portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9046573585,"gmtCreate":1656374484447,"gmtModify":1676535815479,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046573585","repostId":"1145273223","repostType":4,"repost":{"id":"1145273223","pubTimestamp":1656372957,"share":"https://www.laohu8.com/m/news/1145273223?lang=&edition=full","pubTime":"2022-06-28 07:35","market":"us","language":"en","title":"After-Hours Stock Movers: Spirit, Nike, Morgan Stanley, Goldman Sachs and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1145273223","media":"StreetInsider","summary":"Kezar Life Sciences, Inc. (Nasdaq:KZR)103% HIGHER; reported positive topline results from the MISSIO","content":"<html><head></head><body><p>Kezar Life Sciences, Inc. (Nasdaq:KZR)103% HIGHER; reported positive topline results from the MISSION Phase 2 clinical trial evaluating zetomipzomib, a novel, first-in-class selective immunoproteasome inhibitor, in patients with active lupus nephritis (LN).</p><p>Spero Therapeutics, Inc. (Nasdaq:SPRO)8% LOWER; received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) for its New Drug Application (NDA) seeking approval for tebipenem HBr oral tablets for treatment of adult patients with complicated urinary tract infection (cUTI), including pyelonephritis. The FDA had set a Prescription Drug User Fee Act (PDUFA) target action date of June 27, 2022.</p><p>Spirit (NYSE:SAVE)5% HIGHER;JetBlue (NASDAQ:JBLU) today announced that it is modifying its proposal toacquireSpirit (NYSE:SAVE) based on discussions with Spirit shareholders.</p><p>Nike (NYSE:NKE)2.4% LOWER; reported Q4 EPS of $0.90, $0.09 better than the analyst estimate of $0.81. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.07 billion. The Company announced its Board of Directors has authorized a new four-year, $18 billion program to repurchase shares of NIKE&#39;s Class B Common Stock</p><p>Morgan Stanley(NYSE:MS)3% HIGHER; announced that it will increase its quarterly common stock dividend to $0.775 per share from the current $0.70 per share, beginning with the common dividend expected to be declared by the Firm’s Board of Directors in the third quarter of 2022. In addition, the Firm’s Board of Directors authorized a new multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2022</p><p>The Goldman Sachs Group, Inc. (NYSE:GS)2% HIGHER;announced plans to increase its common stock dividend from $2.00 to $2.50 per share following the stress test.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After-Hours Stock Movers: Spirit, Nike, Morgan Stanley, Goldman Sachs and More</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\">\nAfter-Hours Stock Movers: Spirit, Nike, Morgan Stanley, Goldman Sachs and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-28 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Special+Reports/After-Hours+Stock+Movers+0627%3A+Morgan+Stanley%2C+Goldman+Gain+on+Dividend+Hike+News+Post+Stress+Tests+%28more...%29/20261747.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kezar Life Sciences, Inc. (Nasdaq:KZR)103% HIGHER; reported positive topline results from the MISSION Phase 2 clinical trial evaluating zetomipzomib, a novel, first-in-class selective immunoproteasome...</p>\n\n<a href=\"https://www.streetinsider.com/Special+Reports/After-Hours+Stock+Movers+0627%3A+Morgan+Stanley%2C+Goldman+Gain+on+Dividend+Hike+News+Post+Stress+Tests+%28more...%29/20261747.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SAVE":"Spirit Airlines","NKE":"耐克","MS":"摩根士丹利","SPRO":"Spero Therapeutics Inc.","KZR":"Kezar Life Sciences Inc.","GS":"高盛"},"source_url":"https://www.streetinsider.com/Special+Reports/After-Hours+Stock+Movers+0627%3A+Morgan+Stanley%2C+Goldman+Gain+on+Dividend+Hike+News+Post+Stress+Tests+%28more...%29/20261747.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145273223","content_text":"Kezar Life Sciences, Inc. (Nasdaq:KZR)103% HIGHER; reported positive topline results from the MISSION Phase 2 clinical trial evaluating zetomipzomib, a novel, first-in-class selective immunoproteasome inhibitor, in patients with active lupus nephritis (LN).Spero Therapeutics, Inc. (Nasdaq:SPRO)8% LOWER; received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) for its New Drug Application (NDA) seeking approval for tebipenem HBr oral tablets for treatment of adult patients with complicated urinary tract infection (cUTI), including pyelonephritis. The FDA had set a Prescription Drug User Fee Act (PDUFA) target action date of June 27, 2022.Spirit (NYSE:SAVE)5% HIGHER;JetBlue (NASDAQ:JBLU) today announced that it is modifying its proposal toacquireSpirit (NYSE:SAVE) based on discussions with Spirit shareholders.Nike (NYSE:NKE)2.4% LOWER; reported Q4 EPS of $0.90, $0.09 better than the analyst estimate of $0.81. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.07 billion. The Company announced its Board of Directors has authorized a new four-year, $18 billion program to repurchase shares of NIKE's Class B Common StockMorgan Stanley(NYSE:MS)3% HIGHER; announced that it will increase its quarterly common stock dividend to $0.775 per share from the current $0.70 per share, beginning with the common dividend expected to be declared by the Firm’s Board of Directors in the third quarter of 2022. In addition, the Firm’s Board of Directors authorized a new multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2022The Goldman Sachs Group, Inc. (NYSE:GS)2% HIGHER;announced plans to increase its common stock dividend from $2.00 to $2.50 per share following the stress test.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9955479291,"gmtCreate":1675724614013,"gmtModify":1675724618017,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":25,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955479291","repostId":"2309310743","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210931857637504,"gmtCreate":1692521741742,"gmtModify":1692521746477,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Anything can happen&nbsp;","listText":"Anything can happen&nbsp;","text":"Anything can happen","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210931857637504","isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957993294,"gmtCreate":1676863913318,"gmtModify":1676863917846,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957993294","repostId":"2312024802","repostType":4,"repost":{"id":"2312024802","pubTimestamp":1676875886,"share":"https://www.laohu8.com/m/news/2312024802?lang=&edition=full","pubTime":"2023-02-20 14:51","market":"us","language":"en","title":"3 Bear Market Buys That Could Rise 29% to 146%, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2312024802","media":"Motley Fool","summary":"These companies have key advantages that could be seriously undervalued by the market.","content":"<html><head></head><body><p>There&#39;s no better time to put your money to work than when stocks are in the tank. Pessimism over the economy can lead to significant undervaluation of the best businesses, and that means lucrative investing opportunities for patient investors.</p><p>After the sharp sell-off last year, the <b>S&amp;P 500</b> index has rebounded about 8% year to date, but there are still many top names that have significant upside, according to Wall Street analysts.</p><p>Three Motley Fool contributors found three stocks, where analysts have set price targets well above their current quote. Here&#39;s why <b><a href=\"https://laohu8.com/S/W\">Wayfair</a></b> , <b>Deckers Outdoor</b>, and <b><a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a></b> could deliver great returns.</p><h2>Wayfair stock: 146% upside</h2><p><b>Jennifer Saibil (Wayfair):</b> Wayfair stock lost 82% of its value in 2022, outdoing many plummeting stocks. However, it&#39;s up a whopping 53% so far in 2023, and a company turnaround is already happening.</p><p>Wayfair sales skyrocketed at the beginning of the pandemic. Shoppers focusing on home improvement while stuck indoors scooped up Wayfair&#39;s trendy and moderately priced furniture and home products, and the company posted a profit for the first time.</p><p>However, that changed drastically in the aftermath. Sales plunged, and net loss is back where it was before.</p><p><img src=\"https://static.tigerbbs.com/8653f89650efa749b497b06599877995\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>W Revenue (Quarterly) data by YCharts</p><p>However, the company&#39;s model is still intact, and the long-term opportunity looks compelling. It operates under several banners, such as Wayfair and Perigold, that range from midprice through luxury, giving it exposure to a large part of the population. It works through a dropship model, which means that it provides a platform for third-party sellers to feature their products.</p><p>For the most part, it does not need to hold inventory, and it only &#34;buys&#34; products when it records its own sale. However, many of its suppliers use Wayfair&#39;s delivery systems, giving it more control over the process. That should ultimately provide it with a way to become very profitable, although it took two steps back last year.</p><p>However, the steps it is taking to build relationships are bearing fruit. Despite the decline in customer count and revenue, active customers continue to engage. In the 2022 third quarter, average order value increased from $285 in 2021 to $325, and revenue per active customer increased 13% to $547 for the trailing 12 months.</p><p>In January, investors enthusiastically greeted the news that Wayfair would be cutting 10% of its workforce. That was an addition to a cost-reduction plan launched in August to save $1.4 billion annually and break even in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023.</p><p>Wayfair stock trades at the incredibly low price-to-sales ratio of 0.4. Risk-averse investors may want to wait on Wayfair right now, but the likelihood of a comeback looks strong, and the long-term opportunity is exciting.</p><h2>Deckers Outdoor stock: 29% upside</h2><p><b>Jeremy Bowman (Deckers): </b>Deckers, the diversified footwear company, may be best known for Uggs, the sheepskin boots that were all the rage a decade ago, but lately there&#39;s another shoe that&#39;s been driving the company&#39;s performance: its Hoka running sneakers.</p><p>The success of Hoka has helped make Deckers a big winner on the market over the last year during a tough period for consumer discretionary stocks, as shares of the footwear maker have nearly doubled from their lows last spring.</p><p>In its most recent earnings report, sales of Hokas nearly doubled, jumping 90.8% to $352.1 million, which could portend further growth for the running shoe. Hoka still trails Ugg as the company&#39;s biggest brand, but that could change if the current momentum continues, and Wall Street seems to be taking notice.</p><p><b>UBS </b>analyst Jay Sole raised his price target on the stock from $530 to $540 following the company&#39;s recent earnings report, calling Hoka &#34;one of the fastest-growing footwear brands in the world.&#34; Sole suggested that the stock was undervalued, given its ability to gain market share during a difficult macro environment.</p><p>Sole&#39;s price target implies a 29% upside in the stock, and given Deckers&#39; momentum since the spring, the stock seems like a good bet to get there, especially given the buzz around Hoka, which is penetrating a large addressable market in running and casual/comfort sneakers.</p><p>The company just reported its fiscal third quarter and raised its guidance for the fiscal year to call for 11% to 12% revenue growth. If it can maintain that momentum into fiscal 2024, the stock should continue to be a winner.</p><h2>Warner Bros. Discovery stock: 40% upside</h2><p><b>John Ballard (Warner Bros. Discovery):</b> Streaming has come a long way over the last decade, but top media companies still have a lot of work to do to catch <b>Netflix</b>.</p><p>One stock to keep an eye on is Warner Bros. Discovery. This top media stock fell hard last year with the broader market, but investors shouldn&#39;t discount the growth potential of the iconic film studio. <b>Bank of America</b> analyst Jessica Reif has a buy rating on the stock with a $21 price target, representing 40% upside from the current share price.</p><p>The company has an attractive collection of media properties that the market is underestimating at these low share prices. The company was created from the merger of <b>AT&amp;T</b>&#39;s WarnerMedia and Discovery in April 2022, which brought together several top cable networks, in addition to HBO and Warner Bros. Pictures, all under one corporate roof.</p><p>The stock is down mostly due to uncertainty around the near-term advertising market, as well as the slowing growth in streaming coming out of the pandemic. These headwinds have weighed heavily on the company&#39;s revenue growth, which fell 5% year over year on an adjusted basis in the third quarter.</p><p>Management is implementing a plan to realize at least $3.5 billion in synergies beyond 2024. This should significantly improve earnings and free cash flow. This is why Bank of America calls Warner Bros. the &#34;best value in media.&#34;</p><p>The direct-to-consumer business added 2.8 million subscribers last quarter, bringing the total to nearly 95 million. There&#39;s growing demand for streaming, and Warner Bros. has the content to create long-term value for shareholders.</p><p>With the stock currently trading around 12 times management&#39;s 2022 free cash flow guidance, investors are getting a steal.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Bear Market Buys That Could Rise 29% to 146%, According to Wall Street</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\">\n3 Bear Market Buys That Could Rise 29% to 146%, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-20 14:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/02/18/3-bear-market-buys-rise-29-to-146-wall-street/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's no better time to put your money to work than when stocks are in the tank. Pessimism over the economy can lead to significant undervaluation of the best businesses, and that means lucrative ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/18/3-bear-market-buys-rise-29-to-146-wall-street/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WBD":"Warner Bros. Discovery","DECK":"Deckers Outdoor Corporation","W":"Wayfair"},"source_url":"https://www.fool.com/investing/2023/02/18/3-bear-market-buys-rise-29-to-146-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2312024802","content_text":"There's no better time to put your money to work than when stocks are in the tank. Pessimism over the economy can lead to significant undervaluation of the best businesses, and that means lucrative investing opportunities for patient investors.After the sharp sell-off last year, the S&P 500 index has rebounded about 8% year to date, but there are still many top names that have significant upside, according to Wall Street analysts.Three Motley Fool contributors found three stocks, where analysts have set price targets well above their current quote. Here's why Wayfair , Deckers Outdoor, and Warner Bros. Discovery could deliver great returns.Wayfair stock: 146% upsideJennifer Saibil (Wayfair): Wayfair stock lost 82% of its value in 2022, outdoing many plummeting stocks. However, it's up a whopping 53% so far in 2023, and a company turnaround is already happening.Wayfair sales skyrocketed at the beginning of the pandemic. Shoppers focusing on home improvement while stuck indoors scooped up Wayfair's trendy and moderately priced furniture and home products, and the company posted a profit for the first time.However, that changed drastically in the aftermath. Sales plunged, and net loss is back where it was before.W Revenue (Quarterly) data by YChartsHowever, the company's model is still intact, and the long-term opportunity looks compelling. It operates under several banners, such as Wayfair and Perigold, that range from midprice through luxury, giving it exposure to a large part of the population. It works through a dropship model, which means that it provides a platform for third-party sellers to feature their products.For the most part, it does not need to hold inventory, and it only \"buys\" products when it records its own sale. However, many of its suppliers use Wayfair's delivery systems, giving it more control over the process. That should ultimately provide it with a way to become very profitable, although it took two steps back last year.However, the steps it is taking to build relationships are bearing fruit. Despite the decline in customer count and revenue, active customers continue to engage. In the 2022 third quarter, average order value increased from $285 in 2021 to $325, and revenue per active customer increased 13% to $547 for the trailing 12 months.In January, investors enthusiastically greeted the news that Wayfair would be cutting 10% of its workforce. That was an addition to a cost-reduction plan launched in August to save $1.4 billion annually and break even in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023.Wayfair stock trades at the incredibly low price-to-sales ratio of 0.4. Risk-averse investors may want to wait on Wayfair right now, but the likelihood of a comeback looks strong, and the long-term opportunity is exciting.Deckers Outdoor stock: 29% upsideJeremy Bowman (Deckers): Deckers, the diversified footwear company, may be best known for Uggs, the sheepskin boots that were all the rage a decade ago, but lately there's another shoe that's been driving the company's performance: its Hoka running sneakers.The success of Hoka has helped make Deckers a big winner on the market over the last year during a tough period for consumer discretionary stocks, as shares of the footwear maker have nearly doubled from their lows last spring.In its most recent earnings report, sales of Hokas nearly doubled, jumping 90.8% to $352.1 million, which could portend further growth for the running shoe. Hoka still trails Ugg as the company's biggest brand, but that could change if the current momentum continues, and Wall Street seems to be taking notice.UBS analyst Jay Sole raised his price target on the stock from $530 to $540 following the company's recent earnings report, calling Hoka \"one of the fastest-growing footwear brands in the world.\" Sole suggested that the stock was undervalued, given its ability to gain market share during a difficult macro environment.Sole's price target implies a 29% upside in the stock, and given Deckers' momentum since the spring, the stock seems like a good bet to get there, especially given the buzz around Hoka, which is penetrating a large addressable market in running and casual/comfort sneakers.The company just reported its fiscal third quarter and raised its guidance for the fiscal year to call for 11% to 12% revenue growth. If it can maintain that momentum into fiscal 2024, the stock should continue to be a winner.Warner Bros. Discovery stock: 40% upsideJohn Ballard (Warner Bros. Discovery): Streaming has come a long way over the last decade, but top media companies still have a lot of work to do to catch Netflix.One stock to keep an eye on is Warner Bros. Discovery. This top media stock fell hard last year with the broader market, but investors shouldn't discount the growth potential of the iconic film studio. Bank of America analyst Jessica Reif has a buy rating on the stock with a $21 price target, representing 40% upside from the current share price.The company has an attractive collection of media properties that the market is underestimating at these low share prices. The company was created from the merger of AT&T's WarnerMedia and Discovery in April 2022, which brought together several top cable networks, in addition to HBO and Warner Bros. Pictures, all under one corporate roof.The stock is down mostly due to uncertainty around the near-term advertising market, as well as the slowing growth in streaming coming out of the pandemic. These headwinds have weighed heavily on the company's revenue growth, which fell 5% year over year on an adjusted basis in the third quarter.Management is implementing a plan to realize at least $3.5 billion in synergies beyond 2024. This should significantly improve earnings and free cash flow. This is why Bank of America calls Warner Bros. the \"best value in media.\"The direct-to-consumer business added 2.8 million subscribers last quarter, bringing the total to nearly 95 million. There's growing demand for streaming, and Warner Bros. has the content to create long-term value for shareholders.With the stock currently trading around 12 times management's 2022 free cash flow guidance, investors are getting a steal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923020537,"gmtCreate":1670760141529,"gmtModify":1676538429001,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9923020537","repostId":"2290213223","repostType":4,"repost":{"id":"2290213223","pubTimestamp":1670723606,"share":"https://www.laohu8.com/m/news/2290213223?lang=&edition=full","pubTime":"2022-12-11 09:53","market":"us","language":"en","title":"Why Stock-Market Investors Shouldn’t Count on a \"Santa Claus\" Rally This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2290213223","media":"MarketWatch","summary":"‘The Santa Claus rally is canceled this year,’ says economistU.S. stocks tend to rally in the final ","content":"<html><head></head><body><p>‘The Santa Claus rally is canceled this year,’ says economist</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0a959345916d49ecfb90abc84cc5b97\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>U.S. stocks tend to rally in the final week of December, and carry the upswing into early January. But a holiday bounce this year likely hinges on next week’s Federal Reserve rate decision and fresh inflation data.</span></p><p>Investors, like kids on Christmas Eve, have come to expect Santa Claus will get down the chimney, march over to Wall Street and deliver the rewarding gift of a stock-market rally.</p><p>This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock-market gains to emerge in this holiday season, market analysts said.</p><p>“The Santa Claus rally is canceled this year as the equity market navigates higher yields and contracting earnings,” said José Torres, senior economist at Interactive Brokers. “Seasonal tailwinds that have traditionally driven Santa Claus rallies pale in comparison to the plethora of headwinds the equity market currently faces.”</p><p>U.S. stock indexes tumbled this week, with the S&amp;P 500 and the Dow Jones Industrial Average both booking their sharpest weekly declines in nearly three months, according to Dow Jones Market Data. The drop occurred as stronger-than-expected economic data added to concerns that the Federal Reserve might need to be more aggressive in its inflation battle than earlier anticipated, even with alarms flashing about a potential economic recession.</p><p>Santa Claus tends to come to Wall Street almost every year, bringing a short rally in the last five trading days of December, and the first two days of January. Since 1969, the Santa Rally has boosted the S&amp;P 500 by an average of 1.3%, according to data from Stock Trader’s Almanac.</p><p>“December is the seasonally strongest month of the year, particularly in a midterm election year. So, December has been positive most of the time,” said David Keller, chief market strategist at StockCharts.com. “It would actually be very unusual for stocks to sell off dramatically in December.”</p><p><b>Will Wall Street get a Santa Claus Rally?</b></p><p>A rotten year for financial assets has begun drawing to a close under a cloud of uncertainty. Given the Federal Reserve’s tough stance on bringing inflation down to its 2% target and already volatile financial markets, many analysts think investors shouldn’t focus too much on whether Santa Claus ends up being naughty or nice.</p><p>“Next week is going to be a huge week for the markets as they attempt to find some footing heading into year end,” said Cliff Hodge, chief investment officer at Cornerstone Wealth, in emailed comments Friday.</p><p>That makes the Fed’s rate decisions next week and fresh inflation data even more crucial to equity markets. Friday’s wholesale prices rose more than expected in November, dampening hopes that inflation might be cooling off. The core producer-price index, which excludes volatile food, energy and trade prices, also rose 0.3% in November, up from a 0.2% gain in the prior month, the Labor Department said.</p><p>The corresponding November consumer-price index report, due at 8:30 a.m. Eastern on Tuesday, will further show if inflation is subsiding.The CPI increased 0.4% in October and 7.7% from a year ago. The core reading increased 0.3% for the month and 6.3% on an annual basis.</p><p>“If the CPI print comes in at 5% on core, then you’d get a real selloff in bonds and in equities. If inflation is still running hotter and you have a recession, can the Fed cut rates? Maybe not. Then you start getting into the stagflation scenarios,” said Ron Temple, head of U.S. equities at Lazard Asset Management.</p><p>Traders are pricing in a 77% probability that the Fed will raise its policy interest rate by 50 basis points to a range of 4.25% to 4.50% next Wednesday, the last day of its Dec. 13-14 meeting, according to the CME FedWatch tool.That would be a slower pace than its four consecutive 0.75 point rate hikes since June.</p><p>John Porter, chief investment officer and head of equity at Newton Investment Management, expects no surprises next week in terms of how much the Fed will raise interest rates. He does, however, anticipate stock-market investors will closely watch Fed Chair Powell’s press conference for insights into the decision and “hang on every single word.”</p><p>“Investors are contorting themselves almost into a pretzel and trying to over-interpret the language,” Porter told MarketWatch via phone. “Listen to what they say, not listen to what you want them to say. They [Fed officials] are going to continue to be vigilant, and they have to watch inflation.”</p><p><b>Does the ‘Santa’ rally really exist?</b></p><p>For years, market analysts have examined potential reasons for the typical seasonal Santa Claus pattern. But with this year still awash in red, some think a rally in late December could become a self-fulfilling prophecy, simply because investors might search for any reason to be slightly merry.</p><p>“If everyone’s focused on the positive seasonals, it could become more of this narrative that drives things rather than anything more fundamental,” David Lefkowitz, head of equities Americas of UBS Global Wealth Management, told MarketWatch via phone.</p><p>“Markets tend to like the holly-jolly spending season so much, so there’s a name for the rally that tends to happen at the end of the year,” said Liz Young, head of investment strategy at SoFi. “For what it’s worth, I think ‘Santa Claus Rally’ holds as much predictive power as ‘Sell in May and Walk Away,’ which is minimal and coincidental at best.”</p><p><b>Relief rally’s big tests</b></p><p>While the three main U.S. stock indexes booked sharply weekly losses, equities have rallied off the October lows. The S&amp;P 500 has rallied 9.9% from its October low through Friday, while the Dow Jones Industrial AverageDJIA,-0.90%gained 16.5% and the Nasdaq Composite advanced 6.6%, according to Dow Jones Market Data.</p><p>However, many top Wall Street analysts also see reasons for alarm, specifically that the stock market’s bounce off the recent lows is likely running out of room.</p><p>So, are investors ignoring warnings? Despite talk of the seeming inevitability of a year-end rally, several recent rally attempts failed, while Wall Street’s CBOE Volatility Index, or “fear gauge,” was at 22.86 at Friday’s close. A drop below 20 on the VIX can signify that investor fears about potential market ructions are easing.</p><p>U.S. stock indexes closed down on Friday with the S&amp;P 500 losing 0.7%. The Dow dropped 0.9%, and the Nasdaq shed 0.7%. Three major indexes booked a week of sizable losses with the S&amp;P 500 posting a weekly decline of 3.4%. The Dow declined by 2.8% and the Nasdaq Composite was down nearly 4% this week, according to Dow Jones Market Data.</p><p>Next week, not long after the CPI and the Fed decision, investors will also receive November retail sales data and industrial production index on Thursday, followed by the S&amp;P Global’s flash PMI readings on Friday.</p></body></html>","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>Why Stock-Market Investors Shouldn’t Count on a \"Santa Claus\" Rally This Year</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 Stock-Market Investors Shouldn’t Count on a \"Santa Claus\" Rally This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-11 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-stock-market-investors-shouldnt-count-on-a-santa-claus-rally-this-year-11670628375?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘The Santa Claus rally is canceled this year,’ says economistU.S. stocks tend to rally in the final week of December, and carry the upswing into early January. But a holiday bounce this year likely ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-stock-market-investors-shouldnt-count-on-a-santa-claus-rally-this-year-11670628375?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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/why-stock-market-investors-shouldnt-count-on-a-santa-claus-rally-this-year-11670628375?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290213223","content_text":"‘The Santa Claus rally is canceled this year,’ says economistU.S. stocks tend to rally in the final week of December, and carry the upswing into early January. But a holiday bounce this year likely hinges on next week’s Federal Reserve rate decision and fresh inflation data.Investors, like kids on Christmas Eve, have come to expect Santa Claus will get down the chimney, march over to Wall Street and deliver the rewarding gift of a stock-market rally.This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock-market gains to emerge in this holiday season, market analysts said.“The Santa Claus rally is canceled this year as the equity market navigates higher yields and contracting earnings,” said José Torres, senior economist at Interactive Brokers. “Seasonal tailwinds that have traditionally driven Santa Claus rallies pale in comparison to the plethora of headwinds the equity market currently faces.”U.S. stock indexes tumbled this week, with the S&P 500 and the Dow Jones Industrial Average both booking their sharpest weekly declines in nearly three months, according to Dow Jones Market Data. The drop occurred as stronger-than-expected economic data added to concerns that the Federal Reserve might need to be more aggressive in its inflation battle than earlier anticipated, even with alarms flashing about a potential economic recession.Santa Claus tends to come to Wall Street almost every year, bringing a short rally in the last five trading days of December, and the first two days of January. Since 1969, the Santa Rally has boosted the S&P 500 by an average of 1.3%, according to data from Stock Trader’s Almanac.“December is the seasonally strongest month of the year, particularly in a midterm election year. So, December has been positive most of the time,” said David Keller, chief market strategist at StockCharts.com. “It would actually be very unusual for stocks to sell off dramatically in December.”Will Wall Street get a Santa Claus Rally?A rotten year for financial assets has begun drawing to a close under a cloud of uncertainty. Given the Federal Reserve’s tough stance on bringing inflation down to its 2% target and already volatile financial markets, many analysts think investors shouldn’t focus too much on whether Santa Claus ends up being naughty or nice.“Next week is going to be a huge week for the markets as they attempt to find some footing heading into year end,” said Cliff Hodge, chief investment officer at Cornerstone Wealth, in emailed comments Friday.That makes the Fed’s rate decisions next week and fresh inflation data even more crucial to equity markets. Friday’s wholesale prices rose more than expected in November, dampening hopes that inflation might be cooling off. The core producer-price index, which excludes volatile food, energy and trade prices, also rose 0.3% in November, up from a 0.2% gain in the prior month, the Labor Department said.The corresponding November consumer-price index report, due at 8:30 a.m. Eastern on Tuesday, will further show if inflation is subsiding.The CPI increased 0.4% in October and 7.7% from a year ago. The core reading increased 0.3% for the month and 6.3% on an annual basis.“If the CPI print comes in at 5% on core, then you’d get a real selloff in bonds and in equities. If inflation is still running hotter and you have a recession, can the Fed cut rates? Maybe not. Then you start getting into the stagflation scenarios,” said Ron Temple, head of U.S. equities at Lazard Asset Management.Traders are pricing in a 77% probability that the Fed will raise its policy interest rate by 50 basis points to a range of 4.25% to 4.50% next Wednesday, the last day of its Dec. 13-14 meeting, according to the CME FedWatch tool.That would be a slower pace than its four consecutive 0.75 point rate hikes since June.John Porter, chief investment officer and head of equity at Newton Investment Management, expects no surprises next week in terms of how much the Fed will raise interest rates. He does, however, anticipate stock-market investors will closely watch Fed Chair Powell’s press conference for insights into the decision and “hang on every single word.”“Investors are contorting themselves almost into a pretzel and trying to over-interpret the language,” Porter told MarketWatch via phone. “Listen to what they say, not listen to what you want them to say. They [Fed officials] are going to continue to be vigilant, and they have to watch inflation.”Does the ‘Santa’ rally really exist?For years, market analysts have examined potential reasons for the typical seasonal Santa Claus pattern. But with this year still awash in red, some think a rally in late December could become a self-fulfilling prophecy, simply because investors might search for any reason to be slightly merry.“If everyone’s focused on the positive seasonals, it could become more of this narrative that drives things rather than anything more fundamental,” David Lefkowitz, head of equities Americas of UBS Global Wealth Management, told MarketWatch via phone.“Markets tend to like the holly-jolly spending season so much, so there’s a name for the rally that tends to happen at the end of the year,” said Liz Young, head of investment strategy at SoFi. “For what it’s worth, I think ‘Santa Claus Rally’ holds as much predictive power as ‘Sell in May and Walk Away,’ which is minimal and coincidental at best.”Relief rally’s big testsWhile the three main U.S. stock indexes booked sharply weekly losses, equities have rallied off the October lows. The S&P 500 has rallied 9.9% from its October low through Friday, while the Dow Jones Industrial AverageDJIA,-0.90%gained 16.5% and the Nasdaq Composite advanced 6.6%, according to Dow Jones Market Data.However, many top Wall Street analysts also see reasons for alarm, specifically that the stock market’s bounce off the recent lows is likely running out of room.So, are investors ignoring warnings? Despite talk of the seeming inevitability of a year-end rally, several recent rally attempts failed, while Wall Street’s CBOE Volatility Index, or “fear gauge,” was at 22.86 at Friday’s close. A drop below 20 on the VIX can signify that investor fears about potential market ructions are easing.U.S. stock indexes closed down on Friday with the S&P 500 losing 0.7%. The Dow dropped 0.9%, and the Nasdaq shed 0.7%. Three major indexes booked a week of sizable losses with the S&P 500 posting a weekly decline of 3.4%. The Dow declined by 2.8% and the Nasdaq Composite was down nearly 4% this week, according to Dow Jones Market Data.Next week, not long after the CPI and the Fed decision, investors will also receive November retail sales data and industrial production index on Thursday, followed by the S&P Global’s flash PMI readings on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980714027,"gmtCreate":1665812983169,"gmtModify":1676537668845,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980714027","repostId":"2275952060","repostType":4,"repost":{"id":"2275952060","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":1665788512,"share":"https://www.laohu8.com/m/news/2275952060?lang=&edition=full","pubTime":"2022-10-15 07:01","market":"us","language":"en","title":"US STOCKS-Wall St Drops As Consumer Data Stokes Inflation Worry","url":"https://stock-news.laohu8.com/highlight/detail?id=2275952060","media":"Reuters","summary":"* JPM reports higher-than-expected Q3 profit* S&P 500, Nasdaq post weekly declines* U.S. consumer se","content":"<html><head></head><body><p>* JPM reports higher-than-expected Q3 profit</p><p>* S&amp;P 500, Nasdaq post weekly declines</p><p>* U.S. consumer sentiment edges up October; inflation ests. worsen</p><p>* Dow down 1.34%, S&amp;P 500 down 2.37%, Nasdaq down 3.08%</p><p>NEW YORK, Oct 14 (Reuters) - U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve&#39;s aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.</p><p>In the last session of a volatile week, equities opened higher, then reversed course after data from the University of Michigan showed consumer sentiment improved in October but inflation expectations worsened as gasoline prices moved higher. Retail sales data also indicated resilience among consumers.</p><p>&#34;The main thrust for the market right now is higher interest rates, higher inflation and the Fed is going to continue to move its fed funds target higher,&#34; said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.</p><p>&#34;The narrative that we’ve seen peak inflation is not evident yet and that’s depressing the market.&#34;</p><p>On Thursday, a reading on consumer prices (CPI) showed inflation remained stubbornly high.</p><p>Fed officials have been largely in sync when commenting on the need to raise rates and St. Louis Fed President James Bullard said in a Reuters interview the recent CPI data warrants a continued &#34;frontloading&#34; through larger three-quarter-percentage point steps, although that does not necessarily mean rates need to be raised above the central bank&#39;s most recent projections.</p><p>The Dow Jones Industrial Average fell 403.89 points, or 1.34%, to 29,634.83, the S&amp;P 500 lost 86.84 points, or 2.37%, to 3,583.07 and the Nasdaq Composite dropped 327.76 points, or 3.08%, to 10,321.39.</p><p>Friday&#39;s decline marked the 37th time the S&amp;P 500 recorded a gain or loss of at least 2% compared with only seven such session in all of 2021. For the week, the Dow gained 1.15%, the S&amp;P 500 lost 1.56% and the Nasdaq fell 3.11%.</p><p>Corporate earnings season started to pick up steam and helped the bank index, which posted a narrow 0.03% gain after quarterly results from JPMorgan Chase &amp; Co, up 1.66%, Citigroup Inc, up 0.65%, and Wells Fargo &amp; Co, up 1.86%, boosted the shares of each.</p><p>&#34;The message I got from them is things are looking pretty good from an economic perspective despite the challenges but they increased loan-loss reserves just in anticipation that you are going to see some more slowing,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.</p><p>UnitedHealth gained 0.63% as one of only three Dow components to move higher on the day after the health insurer posted better-than-expected quarterly results while raising its annual forecast.</p><p>Analysts now expect third-quarter profits for S&amp;P 500 companies to have risen just 3.6% from a year ago, much lower than an 11.1% increase expected at the start of July, according to Refinitiv data.</p><p>Kroger Co shares dropped 7.32% after the supermarket chain said it would buy smaller rival Albertsons Companies Inc in a $24.6 billion deal.</p><p>Tesla Inc slumped 7.55% following media reports that the electric vehicle maker has put on hold plans to launch battery cell production at its plant outside Berlin due to technical issues.</p><p>Volume on U.S. exchanges was 10.88 billion shares, compared with the 11.48 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.20-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 71 new highs and 235 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St Drops As Consumer Data Stokes Inflation Worry</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\">\nUS STOCKS-Wall St Drops As Consumer Data Stokes Inflation Worry\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\">2022-10-15 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* JPM reports higher-than-expected Q3 profit</p><p>* S&amp;P 500, Nasdaq post weekly declines</p><p>* U.S. consumer sentiment edges up October; inflation ests. worsen</p><p>* Dow down 1.34%, S&amp;P 500 down 2.37%, Nasdaq down 3.08%</p><p>NEW YORK, Oct 14 (Reuters) - U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve&#39;s aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.</p><p>In the last session of a volatile week, equities opened higher, then reversed course after data from the University of Michigan showed consumer sentiment improved in October but inflation expectations worsened as gasoline prices moved higher. Retail sales data also indicated resilience among consumers.</p><p>&#34;The main thrust for the market right now is higher interest rates, higher inflation and the Fed is going to continue to move its fed funds target higher,&#34; said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.</p><p>&#34;The narrative that we’ve seen peak inflation is not evident yet and that’s depressing the market.&#34;</p><p>On Thursday, a reading on consumer prices (CPI) showed inflation remained stubbornly high.</p><p>Fed officials have been largely in sync when commenting on the need to raise rates and St. Louis Fed President James Bullard said in a Reuters interview the recent CPI data warrants a continued &#34;frontloading&#34; through larger three-quarter-percentage point steps, although that does not necessarily mean rates need to be raised above the central bank&#39;s most recent projections.</p><p>The Dow Jones Industrial Average fell 403.89 points, or 1.34%, to 29,634.83, the S&amp;P 500 lost 86.84 points, or 2.37%, to 3,583.07 and the Nasdaq Composite dropped 327.76 points, or 3.08%, to 10,321.39.</p><p>Friday&#39;s decline marked the 37th time the S&amp;P 500 recorded a gain or loss of at least 2% compared with only seven such session in all of 2021. For the week, the Dow gained 1.15%, the S&amp;P 500 lost 1.56% and the Nasdaq fell 3.11%.</p><p>Corporate earnings season started to pick up steam and helped the bank index, which posted a narrow 0.03% gain after quarterly results from JPMorgan Chase &amp; Co, up 1.66%, Citigroup Inc, up 0.65%, and Wells Fargo &amp; Co, up 1.86%, boosted the shares of each.</p><p>&#34;The message I got from them is things are looking pretty good from an economic perspective despite the challenges but they increased loan-loss reserves just in anticipation that you are going to see some more slowing,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.</p><p>UnitedHealth gained 0.63% as one of only three Dow components to move higher on the day after the health insurer posted better-than-expected quarterly results while raising its annual forecast.</p><p>Analysts now expect third-quarter profits for S&amp;P 500 companies to have risen just 3.6% from a year ago, much lower than an 11.1% increase expected at the start of July, according to Refinitiv data.</p><p>Kroger Co shares dropped 7.32% after the supermarket chain said it would buy smaller rival Albertsons Companies Inc in a $24.6 billion deal.</p><p>Tesla Inc slumped 7.55% following media reports that the electric vehicle maker has put on hold plans to launch battery cell production at its plant outside Berlin due to technical issues.</p><p>Volume on U.S. exchanges was 10.88 billion shares, compared with the 11.48 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.20-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 71 new highs and 235 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","KR":"克罗格","JPM":"摩根大通","WFC":"富国银行","TSLA":"特斯拉",".DJI":"道琼斯","C":"花旗","UNH":"联合健康",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275952060","content_text":"* JPM reports higher-than-expected Q3 profit* S&P 500, Nasdaq post weekly declines* U.S. consumer sentiment edges up October; inflation ests. worsen* Dow down 1.34%, S&P 500 down 2.37%, Nasdaq down 3.08%NEW YORK, Oct 14 (Reuters) - U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve's aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.In the last session of a volatile week, equities opened higher, then reversed course after data from the University of Michigan showed consumer sentiment improved in October but inflation expectations worsened as gasoline prices moved higher. Retail sales data also indicated resilience among consumers.\"The main thrust for the market right now is higher interest rates, higher inflation and the Fed is going to continue to move its fed funds target higher,\" said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.\"The narrative that we’ve seen peak inflation is not evident yet and that’s depressing the market.\"On Thursday, a reading on consumer prices (CPI) showed inflation remained stubbornly high.Fed officials have been largely in sync when commenting on the need to raise rates and St. Louis Fed President James Bullard said in a Reuters interview the recent CPI data warrants a continued \"frontloading\" through larger three-quarter-percentage point steps, although that does not necessarily mean rates need to be raised above the central bank's most recent projections.The Dow Jones Industrial Average fell 403.89 points, or 1.34%, to 29,634.83, the S&P 500 lost 86.84 points, or 2.37%, to 3,583.07 and the Nasdaq Composite dropped 327.76 points, or 3.08%, to 10,321.39.Friday's decline marked the 37th time the S&P 500 recorded a gain or loss of at least 2% compared with only seven such session in all of 2021. For the week, the Dow gained 1.15%, the S&P 500 lost 1.56% and the Nasdaq fell 3.11%.Corporate earnings season started to pick up steam and helped the bank index, which posted a narrow 0.03% gain after quarterly results from JPMorgan Chase & Co, up 1.66%, Citigroup Inc, up 0.65%, and Wells Fargo & Co, up 1.86%, boosted the shares of each.\"The message I got from them is things are looking pretty good from an economic perspective despite the challenges but they increased loan-loss reserves just in anticipation that you are going to see some more slowing,\" said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.UnitedHealth gained 0.63% as one of only three Dow components to move higher on the day after the health insurer posted better-than-expected quarterly results while raising its annual forecast.Analysts now expect third-quarter profits for S&P 500 companies to have risen just 3.6% from a year ago, much lower than an 11.1% increase expected at the start of July, according to Refinitiv data.Kroger Co shares dropped 7.32% after the supermarket chain said it would buy smaller rival Albertsons Companies Inc in a $24.6 billion deal.Tesla Inc slumped 7.55% following media reports that the electric vehicle maker has put on hold plans to launch battery cell production at its plant outside Berlin due to technical issues.Volume on U.S. exchanges was 10.88 billion shares, compared with the 11.48 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 4.20-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored decliners.The S&P 500 posted 5 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 71 new highs and 235 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955346617,"gmtCreate":1675238423539,"gmtModify":1676538985956,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955346617","repostId":"1128348896","repostType":4,"repost":{"id":"1128348896","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1675234583,"share":"https://www.laohu8.com/m/news/1128348896?lang=&edition=full","pubTime":"2023-02-01 14:56","market":"us","language":"en","title":"Top 10 ETF Gainers for January: Crypto ETFs Lead","url":"https://stock-news.laohu8.com/highlight/detail?id=1128348896","media":"Tiger Newspress","summary":"The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting the","content":"<html><head></head><body><p>The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting them at the top of the leaderboard in terms of performance. All 10 of the best-performing ETFs in 2023 as of Jan. 31 invest in equities of companies involved in the cryptocurrency or digital assets space.</p><p><img src=\"https://static.tigerbbs.com/9b6f144c452266bf36f7f78febd30066\" tg-width=\"1407\" tg-height=\"1996\" referrerpolicy=\"no-referrer\"/>These 10 top-performing ETFs are up between 40% and 98% as of Jan. 31 this year, according to Bloomberg data. The positive performance could be driven by optimism about the prospects for cryptocurrency going forward, or the belief that interest rate hikes will get smaller and end, or at least pause after the February Fed meeting.</p><p>Bitcoin started out 2022 trading above $46,000, but collapsed to trade below $16,000. It has since rebounded above $23,000, which seems to have helped lift equity funds tied to the cryptocurrency space.</p><p>“Digital assets have sold off significantly more than the broader market, so we hit a point where we exhausted most of the selling pressure,” said Spencer Bogart, general partner at Blockchain Capital, in an email.</p><p>“Meanwhile, there is a very significant sum of dry powder [capital] among industry-focused funds that is earmarked for deployment to these opportunities. This led to a situation over the past few weeks where buyers finally outsized sellers, leading to a bounce in digital asset prices.”</p><p>Still, these funds remain beaten down after the bloodbath that was 2022, so they are struggling for assets. Six of them have assets below $10 million. The largest fund on the list is the <a href=\"https://laohu8.com/S/BKCH\">Global X Blockchain ETF</a>, with $59.4 million; it’s up 64.05% year to date.</p><p>Fund flows have been mostly flat, with only two funds, <a href=\"https://laohu8.com/S/WGMI\">WGMI</a> and <a href=\"https://laohu8.com/S/BKCH\">BKCH</a>, pulling in more than $1 million so far in 2023.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top 10 ETF Gainers for January: Crypto ETFs Lead</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\">\nTop 10 ETF Gainers for January: Crypto ETFs Lead\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-01 14:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting them at the top of the leaderboard in terms of performance. All 10 of the best-performing ETFs in 2023 as of Jan. 31 invest in equities of companies involved in the cryptocurrency or digital assets space.</p><p><img src=\"https://static.tigerbbs.com/9b6f144c452266bf36f7f78febd30066\" tg-width=\"1407\" tg-height=\"1996\" referrerpolicy=\"no-referrer\"/>These 10 top-performing ETFs are up between 40% and 98% as of Jan. 31 this year, according to Bloomberg data. The positive performance could be driven by optimism about the prospects for cryptocurrency going forward, or the belief that interest rate hikes will get smaller and end, or at least pause after the February Fed meeting.</p><p>Bitcoin started out 2022 trading above $46,000, but collapsed to trade below $16,000. It has since rebounded above $23,000, which seems to have helped lift equity funds tied to the cryptocurrency space.</p><p>“Digital assets have sold off significantly more than the broader market, so we hit a point where we exhausted most of the selling pressure,” said Spencer Bogart, general partner at Blockchain Capital, in an email.</p><p>“Meanwhile, there is a very significant sum of dry powder [capital] among industry-focused funds that is earmarked for deployment to these opportunities. This led to a situation over the past few weeks where buyers finally outsized sellers, leading to a bounce in digital asset prices.”</p><p>Still, these funds remain beaten down after the bloodbath that was 2022, so they are struggling for assets. Six of them have assets below $10 million. The largest fund on the list is the <a href=\"https://laohu8.com/S/BKCH\">Global X Blockchain ETF</a>, with $59.4 million; it’s up 64.05% year to date.</p><p>Fund flows have been mostly flat, with only two funds, <a href=\"https://laohu8.com/S/WGMI\">WGMI</a> and <a href=\"https://laohu8.com/S/BKCH\">BKCH</a>, pulling in more than $1 million so far in 2023.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAM":"VANECK DIGITAL ASSETS MINING ETF","WGMI":"Valkyrie Bitcoin Miners ETF","DAPP":"VanEck Digital Transformation ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","FDIG":"Fidelity Crypto Industry and Digital Payments ETF","SATO":"Invesco Alerian Galaxy Crypto Economy ETF","IBLC":"iShares Blockchain and Tech ETF","NFTZ":"Defiance Digital Revolution ETF","GFOF":"Grayscale Future of Finance ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128348896","content_text":"The worst exchange-traded fund performers of 2022 have seen a reversal this year that is putting them at the top of the leaderboard in terms of performance. All 10 of the best-performing ETFs in 2023 as of Jan. 31 invest in equities of companies involved in the cryptocurrency or digital assets space.These 10 top-performing ETFs are up between 40% and 98% as of Jan. 31 this year, according to Bloomberg data. The positive performance could be driven by optimism about the prospects for cryptocurrency going forward, or the belief that interest rate hikes will get smaller and end, or at least pause after the February Fed meeting.Bitcoin started out 2022 trading above $46,000, but collapsed to trade below $16,000. It has since rebounded above $23,000, which seems to have helped lift equity funds tied to the cryptocurrency space.“Digital assets have sold off significantly more than the broader market, so we hit a point where we exhausted most of the selling pressure,” said Spencer Bogart, general partner at Blockchain Capital, in an email.“Meanwhile, there is a very significant sum of dry powder [capital] among industry-focused funds that is earmarked for deployment to these opportunities. This led to a situation over the past few weeks where buyers finally outsized sellers, leading to a bounce in digital asset prices.”Still, these funds remain beaten down after the bloodbath that was 2022, so they are struggling for assets. Six of them have assets below $10 million. The largest fund on the list is the Global X Blockchain ETF, with $59.4 million; it’s up 64.05% year to date.Fund flows have been mostly flat, with only two funds, WGMI and BKCH, pulling in more than $1 million so far in 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902659181,"gmtCreate":1659693036145,"gmtModify":1704778325474,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902659181","repostId":"1140620109","repostType":4,"repost":{"id":"1140620109","pubTimestamp":1659690896,"share":"https://www.laohu8.com/m/news/1140620109?lang=&edition=full","pubTime":"2022-08-05 17:14","market":"us","language":"en","title":"Now Could Be the Perfect Time To Buy Gold","url":"https://stock-news.laohu8.com/highlight/detail?id=1140620109","media":"ETF Trends","summary":"Gold’s “bizarre” era may be nearing a close, according to Mad Money host Jim Cramer.“The charts, as ","content":"<html><head></head><body><p>Gold’s “bizarre” era may be nearing a close, according to Mad Money host Jim Cramer.</p><p>“The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en masse and he thinks that that makes it the perfect entry time to do some buying,” Cramer said.</p><p>Gold has seemed poised for a breakout for a long time, and after gold futures fell Wednesday following hawkish Fed Reserve comments and a strengthening dollar, small speculators slid into their smallest long position since May 2019. May 2019, of course, predated the last major gold rally.</p><p>Traditionally, when small speculators get too bullish on gold, it’s a sign the yellow metal is about to peak. When they get too bearish, that tends to be a sign the gold has hit a bottom and is about to rally. Kramer doesn’t think investors should always do the opposite of what small speculators are doing, “That would be too glib, but [Williams] points out that in the last nine years, whenever their net long position in gold has been this low, the actual metal has rallied. And the best-selling points all came at moments when they had large long positions.”</p><p><b>The Inflation Shoe Is Finally Close to Dropping</b></p><p>Gold is considered a “second half” inflation player, meaning it tends to perform well once inflation has settled in. The current era of gold has been marked by lackluster performance despite some conditions favoring the yellow metal. Several headwinds, including an aggressive Fed and a surprisingly strong dollar, have kept gold from really taking off.</p><p>Kramer noted, “Last year, we had rampant inflation, and gold didn’t do much for you. I thought the culprit was crypto. That people who normally hide their money in gold were instead buying cryptocurrencies. This year, the whole crypto ecosystem has collapsed. Meaning that gold doesn’t have much competition. And we’ve gotten insanely high inflation readings, the worst in decades. Yet gold is basically flat for the year.”</p><p>Investors interested in getting exposure to the yellow metal could explore exposure to physical gold through the <b>Sprott Physical Gold Trust (PHYS)</b>or the newly launched <b>Sprott ESG Gold ETF (SESG)</b>which sources gold from environmentally friendly mines. You could make an equities play through gold miners such as the<b> Sprott Gold Miners ETF (SGDM)</b>or the<b> Sprott Junior Gold Miners ETF (SGDJ)</b>.</p></body></html>","source":"lsy1640144260762","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>Now Could Be the Perfect Time To Buy Gold</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\">\nNow Could Be the Perfect Time To Buy Gold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-05 17:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.etftrends.com/gold-silver-investing-channel/now-could-be-the-perfect-time-to-buy-gold/><strong>ETF Trends</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold’s “bizarre” era may be nearing a close, according to Mad Money host Jim Cramer.“The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en ...</p>\n\n<a href=\"https://www.etftrends.com/gold-silver-investing-channel/now-could-be-the-perfect-time-to-buy-gold/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PHYS":"Sprott Physical Gold Trust","SGDM":"Sprott Gold Miners ETF","SESG":"Sprott ESG Gold ETF","SGDJ":"ALPS ETF Trust Sprott Junior Gold Miners ETF"},"source_url":"https://www.etftrends.com/gold-silver-investing-channel/now-could-be-the-perfect-time-to-buy-gold/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140620109","content_text":"Gold’s “bizarre” era may be nearing a close, according to Mad Money host Jim Cramer.“The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en masse and he thinks that that makes it the perfect entry time to do some buying,” Cramer said.Gold has seemed poised for a breakout for a long time, and after gold futures fell Wednesday following hawkish Fed Reserve comments and a strengthening dollar, small speculators slid into their smallest long position since May 2019. May 2019, of course, predated the last major gold rally.Traditionally, when small speculators get too bullish on gold, it’s a sign the yellow metal is about to peak. When they get too bearish, that tends to be a sign the gold has hit a bottom and is about to rally. Kramer doesn’t think investors should always do the opposite of what small speculators are doing, “That would be too glib, but [Williams] points out that in the last nine years, whenever their net long position in gold has been this low, the actual metal has rallied. And the best-selling points all came at moments when they had large long positions.”The Inflation Shoe Is Finally Close to DroppingGold is considered a “second half” inflation player, meaning it tends to perform well once inflation has settled in. The current era of gold has been marked by lackluster performance despite some conditions favoring the yellow metal. Several headwinds, including an aggressive Fed and a surprisingly strong dollar, have kept gold from really taking off.Kramer noted, “Last year, we had rampant inflation, and gold didn’t do much for you. I thought the culprit was crypto. That people who normally hide their money in gold were instead buying cryptocurrencies. This year, the whole crypto ecosystem has collapsed. Meaning that gold doesn’t have much competition. And we’ve gotten insanely high inflation readings, the worst in decades. Yet gold is basically flat for the year.”Investors interested in getting exposure to the yellow metal could explore exposure to physical gold through the Sprott Physical Gold Trust (PHYS)or the newly launched Sprott ESG Gold ETF (SESG)which sources gold from environmentally friendly mines. You could make an equities play through gold miners such as the Sprott Gold Miners ETF (SGDM)or the Sprott Junior Gold Miners ETF (SGDJ).","news_type":1},"isVote":1,"tweetType":1,"viewCount":544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181786344,"gmtCreate":1623411839488,"gmtModify":1704202880731,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/181786344","repostId":"2142022769","repostType":4,"repost":{"id":"2142022769","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623380100,"share":"https://www.laohu8.com/m/news/2142022769?lang=&edition=full","pubTime":"2021-06-11 10:55","market":"us","language":"en","title":"We put 6 more meme stocks' numbers to the test and the differences are telling","url":"https://stock-news.laohu8.com/highlight/detail?id=2142022769","media":"Dow Jones","summary":"Digging deeper into the the meme stock phenomenon, there are big difference between Palantir, Wendy's, Canoo and other companies.The world of meme stocks is changing every day as traders communicating through Reddit's WallStreetBets channel and other social media set their sights on new targets for short squeezes or find other downtrodden companies to bid up in price.After last week's look at financial results and projections for the four BANG stocks and four other meme companies, what follows i","content":"<blockquote>\n <b>Digging deeper into the the meme stock phenomenon, there are big difference between Palantir, Wendy's, Canoo and other companies.</b>\n</blockquote>\n<p>The world of meme stocks is changing every day as traders communicating through Reddit's WallStreetBets channel and other social media set their sights on new targets for short squeezes or find other downtrodden companies to bid up in price.</p>\n<p>After last week's look at financial results and projections for the four BANG stocks and four other meme companies, what follows is the same treatment for six more.</p>\n<p>(The BANG stocks are BlackBerry Ltd. (BB.T), AMC Entertainment Holdings Inc <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, Nokia Corp. (NOKIA.HE) and GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>.)</p>\n<p><b>Short squeezes and meme stocks</b></p>\n<p>Traders looking to group together on social media to make quick killings by pushing up share prices of companies at early stages or those going through difficult times have been setting up short squeezes.</p>\n<p>Professional investors have traditionally short-sold shares of companies they believe will perform worse than most other investors or analysts expect. Shorting means borrowing a company's shares and selling them immediately, in the hope of buying them back at a lower price, returning them to the lender and pocketing the difference. If you simply buy a stock hoping it will go up, all you risk is the money you invest. You might get wiped out. But if you short a stock, your risk potential is unlimited. You never know how high the price might rise if you have gotten the trade wrong.</p>\n<p>\"Covering\" a short position is when you buy back the shares to return them to the investor who lent them to you. You are hoping to cover at a lower price than you sold the shares for, to make a profit.</p>\n<p>To have a short position, you need to have a margin account with a broker -- an account that lets you borrow to invest or trade. Because of the risk in taking a short position, if the share price goes against you (higher), your broker will keep increasing its collateral requirements. If you run out of cash as the price keeps rising, you will be forced to cover at a loss. That type of action among a large group of short-sellers pushes the price higher in a spiral -- a short squeeze.</p>\n<p><b>Six more meme stocks</b></p>\n<p>The action changes daily. On June 9, for example, shares of Clover Health Investments Corp. <a href=\"https://laohu8.com/S/CLOV\">$(CLOV)$</a> fell 24% after rising 86% the day before. The stock is 36.6% sold short, according to FactSet.</p>\n<p>Read:Newest meme stock darling Clover Health is popping. Is the SEC watching?</p>\n<p>Here are the six additional meme stocks, following our initial group of eight , sorted by market capitalization as of the close on June 9:</p>\n<p><img src=\"https://static.tigerbbs.com/45b4fabbee4e18ee1b473200ab3a7c4b\" tg-width=\"1260\" tg-height=\"300\"></p>\n<p><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a> (PLTR) provides a software platform used by government defense and intelligence agencies. It is the largest company on the list by market cap, but not by revenue, as you can see below. A year-to-date chart of its price performance shows how wild the meme-stock action can be:</p>\n<p><img src=\"https://static.tigerbbs.com/1d9a8e2dfc61b0e4ff70a8630193cecb\" tg-width=\"1259\" tg-height=\"1038\"></p>\n<p>Palantir's stock was up 3% for 2021 through June 9, but its market cap had increased by 26% because the company had been raising cash by selling additional shares to investors. The company's following as a meme stock seems to spring more from its growth prospects than from short interest, which peaked at 8.5% of shares available for sale, according to FactSet.</p>\n<p>Wendy's Co. <a href=\"https://laohu8.com/S/WEN\">$(WEN)$</a> is another meme stock whose addition to the group may be a bit confusing, as the stock isn't heavily shorted and the company is stable. Thornton McEnery dug into the action on June 8, which may have included confusion over Wendy's ticker symbol , when the stock rose 26%.</p>\n<p><a href=\"https://laohu8.com/S/WISH\">ContextLogic Inc.</a> (WISH) is <a href=\"https://laohu8.com/S/AONE\">one</a> of two stocks on the new list that have fallen this year. The mobile e-commerce company's stock opened below its initial public offering price before the IPO.</p>\n<p><b>Short interest</b></p>\n<p>Keeping the group in the same order, here are levels of short interest as percentages of available shares and in dollars:</p>\n<p><img src=\"https://static.tigerbbs.com/d0875b54168c760b950d250308eb5efd\" tg-width=\"1260\" tg-height=\"390\"></p>\n<p>FactSet's data on short positions as a percentage of shares outstanding is updated twice a month. The data was updated overnight between June 9 and 10. The second update takes place around the 25th day of the month.</p>\n<p>Clover is the most heavily shorted stock on the list. Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies, said previously that a short percentage \"over 30% to 40% is outrageously high.\" (Lamensdorf co-manages the AdvisorShares <a href=\"https://laohu8.com/S/HDGE\">Ranger Equity Bear ETF</a> (HDGE), which is meant to be used as a hedging tool.)</p>\n<p>A high percentage of shares sold short makes a stock especially dangerous for the short-sellers, because it can increase the intensity of any short squeeze.</p>\n<p>We have shown the short interest as a percentage of market cap in order to provide context. Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> is an excellent example to provide more context, because the company has such a large market capitalization of $576.8 billion. Only 5.16% of the shares are sold short, but that comes to $29.8 billion in short interest -- the most (in dollars) for any stock in the S&amp;P 500. Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> ranks second for dollars of short interest in the benchmark index, with 1.09% of shares sold short, which comes to $18.1 billion in short interest for a company with a market cap of $1.66 trillion.</p>\n<p><a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (GOEV) is the second-most heavily shorted stock listed above, at 29.5%. The electric-vehicle maker was formed on Dec. 21 through the merger of Canoo Holdings Ltd. and Hennessy Capital Acquisition Corp. IV, a special purpose acquisition company, or SPAC. Canoo expects to produce its first vehicle in mid-2022 in limited quantities, with \"serial production launching in 2023,\" according to its 10-K report filed on March 31.</p>\n<p><a href=\"https://laohu8.com/S/CLNE\">Clean Energy Fuels Corp</a>. <a href=\"https://laohu8.com/S/CLNE.AU\">$(CLNE.AU)$</a> provides natural gas for use as an alternative to gasoline or diesel for fleets of vehicles. The stock is 6.58% sold-short, but has had a good run this year as the energy sector has recovered.</p>\n<p><b>Fundamentals</b></p>\n<p>We'll look back at sales results for this group of six meme stocks and then look ahead at sales estimates through 2023.</p>\n<ul>\n <li><b>Looking back</b></li>\n</ul>\n<p>First, here's a comparison of annual sales, in millions of dollars for the past five reported fiscal years (where available):</p>\n<p><img src=\"https://static.tigerbbs.com/bcc4fbd762406f0684e991d289b8b760\" tg-width=\"1260\" tg-height=\"392\"></p>\n<p>You can see clear growth paths in recent years for Palantir, Wendy's and ContextLogic, while Clean Energy Fuels had understandable challenges from lower natural gas prices in 2020.</p>\n<p>Clover was incorporated on Oct. 18, 2019. It hasn't yet reported annual revenue. For the first quarter, the company reported $200.3 million in sales, up from $165.5 million in the first quarter of 2020. Clover merged with <a href=\"https://laohu8.com/S/IPOC.U\">Social Capital Hedosophia Holdings Corp. III</a> (a SPAC) on Jan. 7.</p>\n<ul>\n <li><b>Looking ahead -- sales</b></li>\n</ul>\n<p>Starting from a baseline of calendar 2021, here are sales estimates going out through 2023 among Wall Street analysts polled by FactSet:</p>\n<p><img src=\"https://static.tigerbbs.com/37c11916067fb3829caff57a89cf17f0\" tg-width=\"1260\" tg-height=\"380\"></p>\n<p>Double-digit or better sales growth is expected for all of the companies over the next two years except Wendy's. Price-to-sale ratios, based on closing share prices on June 9 and the 2023 estimates, are included. In comparison, the S&amp;P 500 trades for 2.5 times its weighted aggregate consensus sales estimate for 2023.</p>\n<p><b>Looking ahead -- earnings</b></p>\n<p>Here are earnings-per-share estimates going out to 2023:</p>\n<p><img src=\"https://static.tigerbbs.com/4cf06aa00f9303dda82b1c3f8cf34c21\" tg-width=\"1260\" tg-height=\"500\"></p>\n<p>You might not have expected the EPS projections to be particularly useful, but they underscore how high these stocks are trading. The S&amp;P 500 trades for 18.4 times its consensus EPS estimate for 2023.</p>\n<p>The estimates show expected improvement for Palantir, if it manages to maintain its rapid sales growth. Wendy's is expected to improve EPS significantly even with modest sale growth, in part because of stock buybacks .</p>\n<p><b>Wall Street's opinion</b></p>\n<p>Here's a summary of opinion for this group of meme stocks among Wall Street analysts:</p>\n<p><img src=\"https://static.tigerbbs.com/c2dfa61b27c34a6c17f5b4d2119126f9\" tg-width=\"1259\" tg-height=\"373\"></p>\n<p>So the Wall Street analysts have the most love for ContextLogic, with 82% \"buy\" or equivalent ratings. Second place goes to Clean Energy Fuels. For that company, the timing, in a year of economic and fuel-price recovery, not to mention the desire among many investors to help lower carbon emissions, seems perfect.</p>\n<p>Wall Street is skeptical of Palantir and Clover Health, but it would seem for different reasons, as Palantir already has a history of rapid sales growth.</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>We put 6 more meme stocks' numbers to the test and the differences are telling</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\">\nWe put 6 more meme stocks' numbers to the test and the differences are telling\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-11 10:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>Digging deeper into the the meme stock phenomenon, there are big difference between Palantir, Wendy's, Canoo and other companies.</b>\n</blockquote>\n<p>The world of meme stocks is changing every day as traders communicating through Reddit's WallStreetBets channel and other social media set their sights on new targets for short squeezes or find other downtrodden companies to bid up in price.</p>\n<p>After last week's look at financial results and projections for the four BANG stocks and four other meme companies, what follows is the same treatment for six more.</p>\n<p>(The BANG stocks are BlackBerry Ltd. (BB.T), AMC Entertainment Holdings Inc <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, Nokia Corp. (NOKIA.HE) and GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>.)</p>\n<p><b>Short squeezes and meme stocks</b></p>\n<p>Traders looking to group together on social media to make quick killings by pushing up share prices of companies at early stages or those going through difficult times have been setting up short squeezes.</p>\n<p>Professional investors have traditionally short-sold shares of companies they believe will perform worse than most other investors or analysts expect. Shorting means borrowing a company's shares and selling them immediately, in the hope of buying them back at a lower price, returning them to the lender and pocketing the difference. If you simply buy a stock hoping it will go up, all you risk is the money you invest. You might get wiped out. But if you short a stock, your risk potential is unlimited. You never know how high the price might rise if you have gotten the trade wrong.</p>\n<p>\"Covering\" a short position is when you buy back the shares to return them to the investor who lent them to you. You are hoping to cover at a lower price than you sold the shares for, to make a profit.</p>\n<p>To have a short position, you need to have a margin account with a broker -- an account that lets you borrow to invest or trade. Because of the risk in taking a short position, if the share price goes against you (higher), your broker will keep increasing its collateral requirements. If you run out of cash as the price keeps rising, you will be forced to cover at a loss. That type of action among a large group of short-sellers pushes the price higher in a spiral -- a short squeeze.</p>\n<p><b>Six more meme stocks</b></p>\n<p>The action changes daily. On June 9, for example, shares of Clover Health Investments Corp. <a href=\"https://laohu8.com/S/CLOV\">$(CLOV)$</a> fell 24% after rising 86% the day before. The stock is 36.6% sold short, according to FactSet.</p>\n<p>Read:Newest meme stock darling Clover Health is popping. Is the SEC watching?</p>\n<p>Here are the six additional meme stocks, following our initial group of eight , sorted by market capitalization as of the close on June 9:</p>\n<p><img src=\"https://static.tigerbbs.com/45b4fabbee4e18ee1b473200ab3a7c4b\" tg-width=\"1260\" tg-height=\"300\"></p>\n<p><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a> (PLTR) provides a software platform used by government defense and intelligence agencies. It is the largest company on the list by market cap, but not by revenue, as you can see below. A year-to-date chart of its price performance shows how wild the meme-stock action can be:</p>\n<p><img src=\"https://static.tigerbbs.com/1d9a8e2dfc61b0e4ff70a8630193cecb\" tg-width=\"1259\" tg-height=\"1038\"></p>\n<p>Palantir's stock was up 3% for 2021 through June 9, but its market cap had increased by 26% because the company had been raising cash by selling additional shares to investors. The company's following as a meme stock seems to spring more from its growth prospects than from short interest, which peaked at 8.5% of shares available for sale, according to FactSet.</p>\n<p>Wendy's Co. <a href=\"https://laohu8.com/S/WEN\">$(WEN)$</a> is another meme stock whose addition to the group may be a bit confusing, as the stock isn't heavily shorted and the company is stable. Thornton McEnery dug into the action on June 8, which may have included confusion over Wendy's ticker symbol , when the stock rose 26%.</p>\n<p><a href=\"https://laohu8.com/S/WISH\">ContextLogic Inc.</a> (WISH) is <a href=\"https://laohu8.com/S/AONE\">one</a> of two stocks on the new list that have fallen this year. The mobile e-commerce company's stock opened below its initial public offering price before the IPO.</p>\n<p><b>Short interest</b></p>\n<p>Keeping the group in the same order, here are levels of short interest as percentages of available shares and in dollars:</p>\n<p><img src=\"https://static.tigerbbs.com/d0875b54168c760b950d250308eb5efd\" tg-width=\"1260\" tg-height=\"390\"></p>\n<p>FactSet's data on short positions as a percentage of shares outstanding is updated twice a month. The data was updated overnight between June 9 and 10. The second update takes place around the 25th day of the month.</p>\n<p>Clover is the most heavily shorted stock on the list. Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies, said previously that a short percentage \"over 30% to 40% is outrageously high.\" (Lamensdorf co-manages the AdvisorShares <a href=\"https://laohu8.com/S/HDGE\">Ranger Equity Bear ETF</a> (HDGE), which is meant to be used as a hedging tool.)</p>\n<p>A high percentage of shares sold short makes a stock especially dangerous for the short-sellers, because it can increase the intensity of any short squeeze.</p>\n<p>We have shown the short interest as a percentage of market cap in order to provide context. Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> is an excellent example to provide more context, because the company has such a large market capitalization of $576.8 billion. Only 5.16% of the shares are sold short, but that comes to $29.8 billion in short interest -- the most (in dollars) for any stock in the S&amp;P 500. Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> ranks second for dollars of short interest in the benchmark index, with 1.09% of shares sold short, which comes to $18.1 billion in short interest for a company with a market cap of $1.66 trillion.</p>\n<p><a href=\"https://laohu8.com/S/GOEV\">Canoo Inc.</a> (GOEV) is the second-most heavily shorted stock listed above, at 29.5%. The electric-vehicle maker was formed on Dec. 21 through the merger of Canoo Holdings Ltd. and Hennessy Capital Acquisition Corp. IV, a special purpose acquisition company, or SPAC. Canoo expects to produce its first vehicle in mid-2022 in limited quantities, with \"serial production launching in 2023,\" according to its 10-K report filed on March 31.</p>\n<p><a href=\"https://laohu8.com/S/CLNE\">Clean Energy Fuels Corp</a>. <a href=\"https://laohu8.com/S/CLNE.AU\">$(CLNE.AU)$</a> provides natural gas for use as an alternative to gasoline or diesel for fleets of vehicles. The stock is 6.58% sold-short, but has had a good run this year as the energy sector has recovered.</p>\n<p><b>Fundamentals</b></p>\n<p>We'll look back at sales results for this group of six meme stocks and then look ahead at sales estimates through 2023.</p>\n<ul>\n <li><b>Looking back</b></li>\n</ul>\n<p>First, here's a comparison of annual sales, in millions of dollars for the past five reported fiscal years (where available):</p>\n<p><img src=\"https://static.tigerbbs.com/bcc4fbd762406f0684e991d289b8b760\" tg-width=\"1260\" tg-height=\"392\"></p>\n<p>You can see clear growth paths in recent years for Palantir, Wendy's and ContextLogic, while Clean Energy Fuels had understandable challenges from lower natural gas prices in 2020.</p>\n<p>Clover was incorporated on Oct. 18, 2019. It hasn't yet reported annual revenue. For the first quarter, the company reported $200.3 million in sales, up from $165.5 million in the first quarter of 2020. Clover merged with <a href=\"https://laohu8.com/S/IPOC.U\">Social Capital Hedosophia Holdings Corp. III</a> (a SPAC) on Jan. 7.</p>\n<ul>\n <li><b>Looking ahead -- sales</b></li>\n</ul>\n<p>Starting from a baseline of calendar 2021, here are sales estimates going out through 2023 among Wall Street analysts polled by FactSet:</p>\n<p><img src=\"https://static.tigerbbs.com/37c11916067fb3829caff57a89cf17f0\" tg-width=\"1260\" tg-height=\"380\"></p>\n<p>Double-digit or better sales growth is expected for all of the companies over the next two years except Wendy's. Price-to-sale ratios, based on closing share prices on June 9 and the 2023 estimates, are included. In comparison, the S&amp;P 500 trades for 2.5 times its weighted aggregate consensus sales estimate for 2023.</p>\n<p><b>Looking ahead -- earnings</b></p>\n<p>Here are earnings-per-share estimates going out to 2023:</p>\n<p><img src=\"https://static.tigerbbs.com/4cf06aa00f9303dda82b1c3f8cf34c21\" tg-width=\"1260\" tg-height=\"500\"></p>\n<p>You might not have expected the EPS projections to be particularly useful, but they underscore how high these stocks are trading. The S&amp;P 500 trades for 18.4 times its consensus EPS estimate for 2023.</p>\n<p>The estimates show expected improvement for Palantir, if it manages to maintain its rapid sales growth. Wendy's is expected to improve EPS significantly even with modest sale growth, in part because of stock buybacks .</p>\n<p><b>Wall Street's opinion</b></p>\n<p>Here's a summary of opinion for this group of meme stocks among Wall Street analysts:</p>\n<p><img src=\"https://static.tigerbbs.com/c2dfa61b27c34a6c17f5b4d2119126f9\" tg-width=\"1259\" tg-height=\"373\"></p>\n<p>So the Wall Street analysts have the most love for ContextLogic, with 82% \"buy\" or equivalent ratings. Second place goes to Clean Energy Fuels. For that company, the timing, in a year of economic and fuel-price recovery, not to mention the desire among many investors to help lower carbon emissions, seems perfect.</p>\n<p>Wall Street is skeptical of Palantir and Clover Health, but it would seem for different reasons, as Palantir already has a history of rapid sales growth.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","CLOV":"Clover Health Corp","CLNE":"Clean Energy Fuels Corp","WISH":"ContextLogic Inc.","WEN":"温蒂汉堡"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142022769","content_text":"Digging deeper into the the meme stock phenomenon, there are big difference between Palantir, Wendy's, Canoo and other companies.\n\nThe world of meme stocks is changing every day as traders communicating through Reddit's WallStreetBets channel and other social media set their sights on new targets for short squeezes or find other downtrodden companies to bid up in price.\nAfter last week's look at financial results and projections for the four BANG stocks and four other meme companies, what follows is the same treatment for six more.\n(The BANG stocks are BlackBerry Ltd. (BB.T), AMC Entertainment Holdings Inc $(AMC)$, Nokia Corp. (NOKIA.HE) and GameStop Corp. $(GME)$.)\nShort squeezes and meme stocks\nTraders looking to group together on social media to make quick killings by pushing up share prices of companies at early stages or those going through difficult times have been setting up short squeezes.\nProfessional investors have traditionally short-sold shares of companies they believe will perform worse than most other investors or analysts expect. Shorting means borrowing a company's shares and selling them immediately, in the hope of buying them back at a lower price, returning them to the lender and pocketing the difference. If you simply buy a stock hoping it will go up, all you risk is the money you invest. You might get wiped out. But if you short a stock, your risk potential is unlimited. You never know how high the price might rise if you have gotten the trade wrong.\n\"Covering\" a short position is when you buy back the shares to return them to the investor who lent them to you. You are hoping to cover at a lower price than you sold the shares for, to make a profit.\nTo have a short position, you need to have a margin account with a broker -- an account that lets you borrow to invest or trade. Because of the risk in taking a short position, if the share price goes against you (higher), your broker will keep increasing its collateral requirements. If you run out of cash as the price keeps rising, you will be forced to cover at a loss. That type of action among a large group of short-sellers pushes the price higher in a spiral -- a short squeeze.\nSix more meme stocks\nThe action changes daily. On June 9, for example, shares of Clover Health Investments Corp. $(CLOV)$ fell 24% after rising 86% the day before. The stock is 36.6% sold short, according to FactSet.\nRead:Newest meme stock darling Clover Health is popping. Is the SEC watching?\nHere are the six additional meme stocks, following our initial group of eight , sorted by market capitalization as of the close on June 9:\n\nPalantir Technologies Inc. (PLTR) provides a software platform used by government defense and intelligence agencies. It is the largest company on the list by market cap, but not by revenue, as you can see below. A year-to-date chart of its price performance shows how wild the meme-stock action can be:\n\nPalantir's stock was up 3% for 2021 through June 9, but its market cap had increased by 26% because the company had been raising cash by selling additional shares to investors. The company's following as a meme stock seems to spring more from its growth prospects than from short interest, which peaked at 8.5% of shares available for sale, according to FactSet.\nWendy's Co. $(WEN)$ is another meme stock whose addition to the group may be a bit confusing, as the stock isn't heavily shorted and the company is stable. Thornton McEnery dug into the action on June 8, which may have included confusion over Wendy's ticker symbol , when the stock rose 26%.\nContextLogic Inc. (WISH) is one of two stocks on the new list that have fallen this year. The mobile e-commerce company's stock opened below its initial public offering price before the IPO.\nShort interest\nKeeping the group in the same order, here are levels of short interest as percentages of available shares and in dollars:\n\nFactSet's data on short positions as a percentage of shares outstanding is updated twice a month. The data was updated overnight between June 9 and 10. The second update takes place around the 25th day of the month.\nClover is the most heavily shorted stock on the list. Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies, said previously that a short percentage \"over 30% to 40% is outrageously high.\" (Lamensdorf co-manages the AdvisorShares Ranger Equity Bear ETF (HDGE), which is meant to be used as a hedging tool.)\nA high percentage of shares sold short makes a stock especially dangerous for the short-sellers, because it can increase the intensity of any short squeeze.\nWe have shown the short interest as a percentage of market cap in order to provide context. Tesla Inc. $(TSLA)$ is an excellent example to provide more context, because the company has such a large market capitalization of $576.8 billion. Only 5.16% of the shares are sold short, but that comes to $29.8 billion in short interest -- the most (in dollars) for any stock in the S&P 500. Amazon.com Inc. $(AMZN)$ ranks second for dollars of short interest in the benchmark index, with 1.09% of shares sold short, which comes to $18.1 billion in short interest for a company with a market cap of $1.66 trillion.\nCanoo Inc. (GOEV) is the second-most heavily shorted stock listed above, at 29.5%. The electric-vehicle maker was formed on Dec. 21 through the merger of Canoo Holdings Ltd. and Hennessy Capital Acquisition Corp. IV, a special purpose acquisition company, or SPAC. Canoo expects to produce its first vehicle in mid-2022 in limited quantities, with \"serial production launching in 2023,\" according to its 10-K report filed on March 31.\nClean Energy Fuels Corp. $(CLNE.AU)$ provides natural gas for use as an alternative to gasoline or diesel for fleets of vehicles. The stock is 6.58% sold-short, but has had a good run this year as the energy sector has recovered.\nFundamentals\nWe'll look back at sales results for this group of six meme stocks and then look ahead at sales estimates through 2023.\n\nLooking back\n\nFirst, here's a comparison of annual sales, in millions of dollars for the past five reported fiscal years (where available):\n\nYou can see clear growth paths in recent years for Palantir, Wendy's and ContextLogic, while Clean Energy Fuels had understandable challenges from lower natural gas prices in 2020.\nClover was incorporated on Oct. 18, 2019. It hasn't yet reported annual revenue. For the first quarter, the company reported $200.3 million in sales, up from $165.5 million in the first quarter of 2020. Clover merged with Social Capital Hedosophia Holdings Corp. III (a SPAC) on Jan. 7.\n\nLooking ahead -- sales\n\nStarting from a baseline of calendar 2021, here are sales estimates going out through 2023 among Wall Street analysts polled by FactSet:\n\nDouble-digit or better sales growth is expected for all of the companies over the next two years except Wendy's. Price-to-sale ratios, based on closing share prices on June 9 and the 2023 estimates, are included. In comparison, the S&P 500 trades for 2.5 times its weighted aggregate consensus sales estimate for 2023.\nLooking ahead -- earnings\nHere are earnings-per-share estimates going out to 2023:\n\nYou might not have expected the EPS projections to be particularly useful, but they underscore how high these stocks are trading. The S&P 500 trades for 18.4 times its consensus EPS estimate for 2023.\nThe estimates show expected improvement for Palantir, if it manages to maintain its rapid sales growth. Wendy's is expected to improve EPS significantly even with modest sale growth, in part because of stock buybacks .\nWall Street's opinion\nHere's a summary of opinion for this group of meme stocks among Wall Street analysts:\n\nSo the Wall Street analysts have the most love for ContextLogic, with 82% \"buy\" or equivalent ratings. Second place goes to Clean Energy Fuels. For that company, the timing, in a year of economic and fuel-price recovery, not to mention the desire among many investors to help lower carbon emissions, seems perfect.\nWall Street is skeptical of Palantir and Clover Health, but it would seem for different reasons, as Palantir already has a history of rapid sales growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986317851,"gmtCreate":1666886278874,"gmtModify":1676537824851,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986317851","repostId":"1182334257","repostType":4,"repost":{"id":"1182334257","pubTimestamp":1666879990,"share":"https://www.laohu8.com/m/news/1182334257?lang=&edition=full","pubTime":"2022-10-27 22:13","market":"us","language":"en","title":"Meta Platforms Downgrades; ServiceNow Upgrade: Top Calls on Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1182334257","media":"The Fly","summary":"Top 5 Upgrades:MoffettNathanson analyst Sterling Auty upgraded ServiceNow (NOW) to Outperform from M","content":"<html><head></head><body><p><b>Top 5 Upgrades:</b></p><ul><li>MoffettNathanson analyst Sterling Auty upgraded <b>ServiceNow</b> (NOW) to Outperform from Market Perform with a $549 price target following a report he calls &#34;a welcome change&#34; after the disappointing results from Microsoft (MSFT).</li><li>Craig-Hallum analyst Christian Schwab upgraded <b>Teradyne</b> (TER) to Buy from Hold with a $120 price target following the company&#39;s better results. The analyst notes the company saw semi test demand hold up better than originally feared and outperformed on its supply chain during the quarter.</li><li>Barclays analyst Jiong Shao upgraded <b>Pinduoduo</b> (PDD) to Overweight from Equal Weight with a price target of $70, up from $66. Despite the fact that Pinduoduo &#34;provides quite limited disclosures,&#34; its recent progress in adding more brands to its platform in China is impressive, Shao told investors in a research note.</li><li>Raymond James analyst Michael Rose upgraded <b>Renasant</b> (RNST) to Outperform from Market Perform with a $41 price target. Renasant&#39;s third quarter results exceeded expectations on a core basis, and Rose&#39;s now positive bias fits the view that the company/stock reflects its conservative lending culture and expectations for better than peer through the cycle loss content, strong low-cost core deposit base that should result in lower costs/betas than most peers/the industry, solid capital position, and strong loan loss reserves.</li><li>UBS analyst John Sourbeer upgraded <b>Medpace</b> (MEDP) to Neutral from Sell with a price target of $238, up from $142. The analyst cites the company&#39;s third quarter earnings beat as it delivered upside against his negative outlook in spite of the outsized biotech exposure and the overall biopharma funding pressures.</li></ul><p><b>Top 5 Downgrades:</b></p><ul><li>Morgan Stanley analyst Brian Nowak downgraded <b>Meta Platforms</b> (META) to Equal Weight from Overweight with a price target of $105, down from $205, following quarterly results. The analyst Meta&#39;s &#34;latest results and forward capex guidance are thesis changing and likely to weigh on the shares for some period.&#34; Cowen and KeyBanc also downgraded Meta Platforms to Neutral-equivalent ratings.</li><li>UBS analyst Timothy Arcuri downgraded <b>Seagate</b> (STX) to Neutral from Buy with a price target of $55, down from $85. The charge by the U.S. Commerce Department that the company shipped product to customers on the Entity List creates &#34;too much potential risk,&#34; the analyst tells investors in a research note.</li><li>JPMorgan analyst Matthew Boss downgraded <b>VF Corp.</b> (VFC) to Underweight from Neutral with a $29 price target. The company reported &#34;mixed&#34; second quarter results and a second half of the year guidance cut, Boss tells investors in a research note.</li><li>Benchmark analyst Robert Wasserman downgraded <b>Thermo Fisher</b> (TMO) to Hold from Buy with no price target. The analyst notes the company reported better-than-expected earnings for Q3, but says concerns over lower sales in Europe due to foreign exchange and other factors puts a damper on 2023 forecasts.</li><li>Needham analyst Rajvindra Gill downgraded <b>Silicon Labs</b> (SLAB) to Hold from Buy without a price target on slowing consumer demand concerns.</li></ul><p><b>Top 5 Initiations:</b></p><ul><li>Raymond James analyst Brian Gesuale initiated coverage of <b>Mercury Systems</b> (MRCY) with an Outperform rating and $55 price target. Mercury is the leading platform-agnostic provider of trusted computing and processing solutions used in national defense/aviation systems, Gesuale tells investors in a research note.</li><li>Citi analyst Yigal Nochomovitz initiated coverage of <b>Ideaya Biosciences</b> (IDYA) with a Buy rating and $26 price target. Ideaya is a clinical-stage oncology company focused on synthetic lethality, a &#34;powerful therapeutic concept garnering significant attention from biotech/pharma in recent years,&#34; Nochomovitz tells investors in a research note.</li><li>Needham analyst Gil Blum initiated coverage of <b>Arcellx</b> (ACLX) with a Buy rating and $31 price target. Arcellx&#39;s lead program and main value driver is CART-ddBCMA, an autologous CAR-T therapy for treatment of relapsed or refractory multiple myeloma, Blum tells investors in a research note.</li><li>B. Riley analyst Matthew Key initiated coverage of <b>5E Advanced Metals</b> (FEAM) with a Buy rating and $20 price target, which implies roughly 75% potential upside.</li><li>JPMorgan analyst Brian Cheng initiated coverage of <b>Roivant Sciences</b> (ROIV) with an Overweight rating and $7 price target. The analyst believes the company is attractively positioned with a solid support to valuation from Dermavant&#39;s Vtama sales in plaque psoriasis and potentially in atopic dermatitis.</li></ul></body></html>","source":"lsy1649979459173","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>Meta Platforms Downgrades; ServiceNow Upgrade: Top Calls on Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Platforms Downgrades; ServiceNow Upgrade: Top Calls on Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-27 22:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3604229&headline=NOW;MSFT;TER;PDD;RNST;MEDP;META;STX;VFC;TMO;SLAB;MRCY;IDYA;ACLX;FEAM;ROIV-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>The Fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:MoffettNathanson analyst Sterling Auty upgraded ServiceNow (NOW) to Outperform from Market Perform with a $549 price target following a report he calls \"a welcome change\" after the ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3604229&headline=NOW;MSFT;TER;PDD;RNST;MEDP;META;STX;VFC;TMO;SLAB;MRCY;IDYA;ACLX;FEAM;ROIV-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MEDP":"Medpace Holdings Inc.","PDD":"拼多多","ACLX":"ARCELLX, INC.","VFC":"威富集团","ROIV":"Roivant Sciences Ltd.","STX":"希捷科技","IDYA":"IDEAYA Biosciences","SLAB":"芯科实验室","MRCY":"Mercury Systems Inc","META":"Meta Platforms","NOW":"ServiceNow","RNST":"Renasant Corporation","TER":"泰瑞达","TMO":"赛默飞世尔","FEAM":"5E Advanced Materials Inc"},"source_url":"https://thefly.com/landingPageNews.php?id=3604229&headline=NOW;MSFT;TER;PDD;RNST;MEDP;META;STX;VFC;TMO;SLAB;MRCY;IDYA;ACLX;FEAM;ROIV-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182334257","content_text":"Top 5 Upgrades:MoffettNathanson analyst Sterling Auty upgraded ServiceNow (NOW) to Outperform from Market Perform with a $549 price target following a report he calls \"a welcome change\" after the disappointing results from Microsoft (MSFT).Craig-Hallum analyst Christian Schwab upgraded Teradyne (TER) to Buy from Hold with a $120 price target following the company's better results. The analyst notes the company saw semi test demand hold up better than originally feared and outperformed on its supply chain during the quarter.Barclays analyst Jiong Shao upgraded Pinduoduo (PDD) to Overweight from Equal Weight with a price target of $70, up from $66. Despite the fact that Pinduoduo \"provides quite limited disclosures,\" its recent progress in adding more brands to its platform in China is impressive, Shao told investors in a research note.Raymond James analyst Michael Rose upgraded Renasant (RNST) to Outperform from Market Perform with a $41 price target. Renasant's third quarter results exceeded expectations on a core basis, and Rose's now positive bias fits the view that the company/stock reflects its conservative lending culture and expectations for better than peer through the cycle loss content, strong low-cost core deposit base that should result in lower costs/betas than most peers/the industry, solid capital position, and strong loan loss reserves.UBS analyst John Sourbeer upgraded Medpace (MEDP) to Neutral from Sell with a price target of $238, up from $142. The analyst cites the company's third quarter earnings beat as it delivered upside against his negative outlook in spite of the outsized biotech exposure and the overall biopharma funding pressures.Top 5 Downgrades:Morgan Stanley analyst Brian Nowak downgraded Meta Platforms (META) to Equal Weight from Overweight with a price target of $105, down from $205, following quarterly results. The analyst Meta's \"latest results and forward capex guidance are thesis changing and likely to weigh on the shares for some period.\" Cowen and KeyBanc also downgraded Meta Platforms to Neutral-equivalent ratings.UBS analyst Timothy Arcuri downgraded Seagate (STX) to Neutral from Buy with a price target of $55, down from $85. The charge by the U.S. Commerce Department that the company shipped product to customers on the Entity List creates \"too much potential risk,\" the analyst tells investors in a research note.JPMorgan analyst Matthew Boss downgraded VF Corp. (VFC) to Underweight from Neutral with a $29 price target. The company reported \"mixed\" second quarter results and a second half of the year guidance cut, Boss tells investors in a research note.Benchmark analyst Robert Wasserman downgraded Thermo Fisher (TMO) to Hold from Buy with no price target. The analyst notes the company reported better-than-expected earnings for Q3, but says concerns over lower sales in Europe due to foreign exchange and other factors puts a damper on 2023 forecasts.Needham analyst Rajvindra Gill downgraded Silicon Labs (SLAB) to Hold from Buy without a price target on slowing consumer demand concerns.Top 5 Initiations:Raymond James analyst Brian Gesuale initiated coverage of Mercury Systems (MRCY) with an Outperform rating and $55 price target. Mercury is the leading platform-agnostic provider of trusted computing and processing solutions used in national defense/aviation systems, Gesuale tells investors in a research note.Citi analyst Yigal Nochomovitz initiated coverage of Ideaya Biosciences (IDYA) with a Buy rating and $26 price target. Ideaya is a clinical-stage oncology company focused on synthetic lethality, a \"powerful therapeutic concept garnering significant attention from biotech/pharma in recent years,\" Nochomovitz tells investors in a research note.Needham analyst Gil Blum initiated coverage of Arcellx (ACLX) with a Buy rating and $31 price target. Arcellx's lead program and main value driver is CART-ddBCMA, an autologous CAR-T therapy for treatment of relapsed or refractory multiple myeloma, Blum tells investors in a research note.B. Riley analyst Matthew Key initiated coverage of 5E Advanced Metals (FEAM) with a Buy rating and $20 price target, which implies roughly 75% potential upside.JPMorgan analyst Brian Cheng initiated coverage of Roivant Sciences (ROIV) with an Overweight rating and $7 price target. The analyst believes the company is attractively positioned with a solid support to valuation from Dermavant's Vtama sales in plaque psoriasis and potentially in atopic dermatitis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9065116984,"gmtCreate":1652152776148,"gmtModify":1676535041936,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065116984","repostId":"2234578309","repostType":4,"repost":{"id":"2234578309","pubTimestamp":1652152141,"share":"https://www.laohu8.com/m/news/2234578309?lang=&edition=full","pubTime":"2022-05-10 11:09","market":"us","language":"en","title":"2 Top Tech Stocks to Buy During a Recession","url":"https://stock-news.laohu8.com/highlight/detail?id=2234578309","media":"Motley Fool","summary":"A shaky economy can seem a lot more stable with these two stocks.","content":"<html><head></head><body><p>The market downdraft continues to pull down the tech sector. The <b>Dow Jones Industrial Average</b> plunged more than 1,000 points the other day, a 1.4% drop, but it caused the tech-laden Nasdaq 100 to plummet over 2%, putting virtually every single one of its components in the red. After a 30-year bull run that saw the Nasdaq 100 index gain nearly 4,000%, the tech benchmark could be heading for a deeper run south.</p><p>The economy itself may be primed for a recession. The Federal Reserve made the first of what it promises could be three big half-percentage-point interest hikes in the hopes of taming inflation, and the market is reportedly tumbling over fear it won&#39;t be enough.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F678387%2Fstock-market-wall-street-getty.jpeg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><p>That fear is probably not unfounded. St. Louis Fed president James Bullard said it&#39;s a &#34;fantasy&#34; to believe the worst inflation the country has experienced in 40 years is going to be cured by half-measures, indicating aggressive interest rate hikes will be needed, even if it causes economic growth to stop. With the country&#39;s gross domestic product contracting 1.4% in the first quarter, that time may be at hand.</p><p>The simple solution would be to pull your money out of the market and wait till it all blows over, but that&#39;s not a strategy that would serve you well over the long haul. Because stock market corrections are invariably followed by bull markets, missing the upturn means you&#39;ll miss the gains. And since it&#39;s never clear when the market is going to go up (just like now, people are still trying to figure out if it&#39;s really going to head down), the odds are high you will miss the bottom.</p><p>Buying a basket of good companies and committing to holding them for many years is the surest way to generate market-beating returns, even among battered tech stocks (maybe especially in battered tech stocks). The following two tech stocks are an excellent place to begin.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F678387%2Fvideo-game-gaming-esports-getty.jpeg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"482\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Nvidia</h2><p>There is arguably no better tech stock to hold long-term than <b>Nvidia</b>, which is poised to capitalize on all the major trends in the sector. It has its fingers in gaming, data centers, artificial intelligence, automobiles, and cryptocurrencies. Its powerful processors are used in everything from weather simulation and gene sequencing to deep learning and robotics.</p><p>It was just hit by the SEC with a $5.5 million fine for underplaying the role crypto mining played in its gaming division sales in 2018, since miners were converting its gaming processors into crypto mining units and Nvidia failed to disclose the boost that provided.</p><p>Since then, however, the chipmaker has halved the hash rate of its GeForce RTX 3060 processors, limiting their efficiency, and developed a separate crypto-focused chip, the CMP, or Cryptocurrency Mining Processor. It ended up generating $550 million in CMP revenue last year, though that&#39;s volatile and depends on what&#39;s happening in the crypto markets.</p><p>Gaming and data centers are the chipmaker&#39;s two largest segments, with a combined $23 billion in sales, some 60% more than the year before. Both segments are still rapidly growing, and will be for years to come.</p><p>Nvidia&#39;s stock is down 36% year-to-date, and analysts see it growing earnings at a near-31% rate every year for the next five years. While it will experience hiccups from time to time, it&#39;s a stock that should be a long-term keeper.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F678387%2Fsmartphone-laptop-tablet-computer-group-young-people-online-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Verizon</h2><p><b>Verizon</b> stock is not down as much as Nvidia&#39;s in 2022 (it&#39;s off about 8% at this writing), and it also has superior long-term potential. The telecom stock recently suffered one of its worst weeks in recent memory after its earnings report showed a continued loss of subscribers, causing it to suggest full-year adjusted earnings will come in at the low end of its prior guidance.</p><p>Yet there&#39;s a lot to be optimistic about. Customer losses were significantly lower than expected, just 36,000 postpaid wireless phone subscribers versus analyst expectations of a 75,000 loss, and the rollout of 5G network ensures it will enjoy profitable growth for the long term.</p><p>Verizon owns the most spectrum in the sub-6 gigahertz range, where 5G will initially be deployed, and it is the leader in millimeter-wave spectrum, the destination to which the industry is ultimately heading. It&#39;s been years since network speeds were increased, and the 5G deployment promises significant upside.</p><p>Verizon is no longer a growth stock in the same way Nvidia is. With 91.4 million postpaid phone connections, 23.8 million prepaid connections, and $134 billion in annual sales, the telecom is the largest wireless provider in the U.S. It&#39;s hard to get the giddy-up going again in a business that big. But what it is is a steady grower, and one that pays a dividend that is currently yielding 5.45% annually.</p><p>It&#39;s made a payout every year since going public in 2020. Before that it traded as Bell Atlantic, which was one of the so-called &#34;Baby Bells&#34; resulting from the breakup of <b>AT&amp;T</b>, and dividend payments under that banner have stretched back for well more than 100 years. It&#39;s raised the dividend every year since 2006.</p><p>It&#39;s likely going to be around for at least another 100 years, and should be a staple of an investor&#39;s buy-and-hold portfolio.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Top Tech Stocks to Buy During a Recession</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\">\n2 Top Tech Stocks to Buy During a Recession\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-10 11:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/09/2-top-tech-stocks-to-buy-during-a-recession/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The market downdraft continues to pull down the tech sector. The Dow Jones Industrial Average plunged more than 1,000 points the other day, a 1.4% drop, but it caused the tech-laden Nasdaq 100 to ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/09/2-top-tech-stocks-to-buy-during-a-recession/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","VZ":"威瑞森"},"source_url":"https://www.fool.com/investing/2022/05/09/2-top-tech-stocks-to-buy-during-a-recession/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234578309","content_text":"The market downdraft continues to pull down the tech sector. The Dow Jones Industrial Average plunged more than 1,000 points the other day, a 1.4% drop, but it caused the tech-laden Nasdaq 100 to plummet over 2%, putting virtually every single one of its components in the red. After a 30-year bull run that saw the Nasdaq 100 index gain nearly 4,000%, the tech benchmark could be heading for a deeper run south.The economy itself may be primed for a recession. The Federal Reserve made the first of what it promises could be three big half-percentage-point interest hikes in the hopes of taming inflation, and the market is reportedly tumbling over fear it won't be enough.Image source: Getty Images.That fear is probably not unfounded. St. Louis Fed president James Bullard said it's a \"fantasy\" to believe the worst inflation the country has experienced in 40 years is going to be cured by half-measures, indicating aggressive interest rate hikes will be needed, even if it causes economic growth to stop. With the country's gross domestic product contracting 1.4% in the first quarter, that time may be at hand.The simple solution would be to pull your money out of the market and wait till it all blows over, but that's not a strategy that would serve you well over the long haul. Because stock market corrections are invariably followed by bull markets, missing the upturn means you'll miss the gains. And since it's never clear when the market is going to go up (just like now, people are still trying to figure out if it's really going to head down), the odds are high you will miss the bottom.Buying a basket of good companies and committing to holding them for many years is the surest way to generate market-beating returns, even among battered tech stocks (maybe especially in battered tech stocks). The following two tech stocks are an excellent place to begin.Image source: Getty Images.NvidiaThere is arguably no better tech stock to hold long-term than Nvidia, which is poised to capitalize on all the major trends in the sector. It has its fingers in gaming, data centers, artificial intelligence, automobiles, and cryptocurrencies. Its powerful processors are used in everything from weather simulation and gene sequencing to deep learning and robotics.It was just hit by the SEC with a $5.5 million fine for underplaying the role crypto mining played in its gaming division sales in 2018, since miners were converting its gaming processors into crypto mining units and Nvidia failed to disclose the boost that provided.Since then, however, the chipmaker has halved the hash rate of its GeForce RTX 3060 processors, limiting their efficiency, and developed a separate crypto-focused chip, the CMP, or Cryptocurrency Mining Processor. It ended up generating $550 million in CMP revenue last year, though that's volatile and depends on what's happening in the crypto markets.Gaming and data centers are the chipmaker's two largest segments, with a combined $23 billion in sales, some 60% more than the year before. Both segments are still rapidly growing, and will be for years to come.Nvidia's stock is down 36% year-to-date, and analysts see it growing earnings at a near-31% rate every year for the next five years. While it will experience hiccups from time to time, it's a stock that should be a long-term keeper.Image source: Getty Images.VerizonVerizon stock is not down as much as Nvidia's in 2022 (it's off about 8% at this writing), and it also has superior long-term potential. The telecom stock recently suffered one of its worst weeks in recent memory after its earnings report showed a continued loss of subscribers, causing it to suggest full-year adjusted earnings will come in at the low end of its prior guidance.Yet there's a lot to be optimistic about. Customer losses were significantly lower than expected, just 36,000 postpaid wireless phone subscribers versus analyst expectations of a 75,000 loss, and the rollout of 5G network ensures it will enjoy profitable growth for the long term.Verizon owns the most spectrum in the sub-6 gigahertz range, where 5G will initially be deployed, and it is the leader in millimeter-wave spectrum, the destination to which the industry is ultimately heading. It's been years since network speeds were increased, and the 5G deployment promises significant upside.Verizon is no longer a growth stock in the same way Nvidia is. With 91.4 million postpaid phone connections, 23.8 million prepaid connections, and $134 billion in annual sales, the telecom is the largest wireless provider in the U.S. It's hard to get the giddy-up going again in a business that big. But what it is is a steady grower, and one that pays a dividend that is currently yielding 5.45% annually.It's made a payout every year since going public in 2020. Before that it traded as Bell Atlantic, which was one of the so-called \"Baby Bells\" resulting from the breakup of AT&T, and dividend payments under that banner have stretched back for well more than 100 years. It's raised the dividend every year since 2006.It's likely going to be around for at least another 100 years, and should be a staple of an investor's buy-and-hold portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013424635,"gmtCreate":1648770987836,"gmtModify":1676534393994,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013424635","repostId":"2224639196","repostType":4,"repost":{"id":"2224639196","pubTimestamp":1648769715,"share":"https://www.laohu8.com/m/news/2224639196?lang=&edition=full","pubTime":"2022-04-01 07:35","market":"us","language":"en","title":"After-Hours Stock Movers 03/31: GME, HLX, IMRX Higher; BLND, DCT, DWAC Lower","url":"https://stock-news.laohu8.com/highlight/detail?id=2224639196","media":"StreetInsider","summary":"After-Hours Stock Movers:GameStop Corp.  17% HIGHER; seeking shareholder approval to increase the sh","content":"<html><head></head><body><p>After-Hours Stock Movers:</p><p><a href=\"https://laohu8.com/S/GME\">GameStop Corp. </a> 17% HIGHER; seeking shareholder approval to increase the share count to initiate a stock split.</p><p><a href=\"https://laohu8.com/S/BLND\">Blend Labs </a> 15% LOWER; reported Q4 EPS of ($0.32), $0.13 below the consensus.  Revenue was $81 million versus the consensus estimate of $82.92 million. The company is looking for 2022 revenue of $230-250 million, versus the consensus of $344.7 million.</p><p><a href=\"https://laohu8.com/S/DCT\">Duck Creek Technologies </a> 14% LOWER; reported Q2 EPS of $0.04, abve analyst estimate of $0.01. Revenue was $76.4 million versus the consensus estimate of $72.75 million. Duck Creek Technologies sees Q3 2022 revenue of $71-73 million, below the consensus of $76.06 million.</p><p><a href=\"https://laohu8.com/S/HLX\">Helix Energy Solutions Group, Inc. </a> 7% HIGHER; announced a new multi-year contract with Shell Offshore Inc. to provide Well Intervention services in the U.S. Gulf.</p><p><a href=\"https://laohu8.com/S/IMRX\">Immuneering Corporation </a> 6% HIGHER; Oppenheimer initiates with an Outperform and $25 target.</p><p><a href=\"https://laohu8.com/S/RAIN\">Rain Therapeutics </a> 6% HIGHER; Oppenheimer initiates with an Outperform and $15 target.</p><p><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment Holdings, Inc. </a> 5% HIGHER; gains with fellow meme stock GME</p><p>$Bed Bath &amp; Beyond Inc. (BBBY) 3%$ HIGHER; gains with fellow meme stock GME</p><p><a href=\"https://laohu8.com/S/DWAC\">Digital World Acquisition Corp</a> (NASDAQ: DWAC) 2% LOWER; Delays 10-K Filing</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After-Hours Stock Movers 03/31: GME, HLX, IMRX Higher; BLND, DCT, DWAC Lower</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\">\nAfter-Hours Stock Movers 03/31: GME, HLX, IMRX Higher; BLND, DCT, DWAC Lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-01 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19858117><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After-Hours Stock Movers:GameStop Corp.  17% HIGHER; seeking shareholder approval to increase the share count to initiate a stock split.Blend Labs  15% LOWER; reported Q4 EPS of ($0.32), $0.13 below ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19858117\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","BK4563":"昨日强势股","BK4535":"淡马锡持仓","BK4076":"电脑与电子产品零售","HLX":"螺旋能源","BK4179":"石油天然气设备与服务","BLND":"Blend Labs, Inc.","BK4577":"网络游戏","BK4547":"WSB热门概念","BK4139":"生物科技","IMRX":"Immuneering Corp","BK4516":"特朗普概念","BK4539":"次新股","BK4023":"应用软件"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19858117","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2224639196","content_text":"After-Hours Stock Movers:GameStop Corp.  17% HIGHER; seeking shareholder approval to increase the share count to initiate a stock split.Blend Labs  15% LOWER; reported Q4 EPS of ($0.32), $0.13 below the consensus.  Revenue was $81 million versus the consensus estimate of $82.92 million. The company is looking for 2022 revenue of $230-250 million, versus the consensus of $344.7 million.Duck Creek Technologies  14% LOWER; reported Q2 EPS of $0.04, abve analyst estimate of $0.01. Revenue was $76.4 million versus the consensus estimate of $72.75 million. Duck Creek Technologies sees Q3 2022 revenue of $71-73 million, below the consensus of $76.06 million.Helix Energy Solutions Group, Inc.  7% HIGHER; announced a new multi-year contract with Shell Offshore Inc. to provide Well Intervention services in the U.S. Gulf.Immuneering Corporation  6% HIGHER; Oppenheimer initiates with an Outperform and $25 target.Rain Therapeutics  6% HIGHER; Oppenheimer initiates with an Outperform and $15 target.AMC Entertainment Holdings, Inc.  5% HIGHER; gains with fellow meme stock GME$Bed Bath & Beyond Inc. (BBBY) 3%$ HIGHER; gains with fellow meme stock GMEDigital World Acquisition Corp (NASDAQ: DWAC) 2% LOWER; Delays 10-K Filing","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807894447,"gmtCreate":1628026164589,"gmtModify":1703499690691,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807894447","repostId":"1171505764","repostType":4,"repost":{"id":"1171505764","pubTimestamp":1628004619,"share":"https://www.laohu8.com/m/news/1171505764?lang=&edition=full","pubTime":"2021-08-03 23:30","market":"us","language":"en","title":"Apple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.","url":"https://stock-news.laohu8.com/highlight/detail?id=1171505764","media":"MarketWatch","summary":"Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted advertising.The decision has created the impression that Apple  is simply opposed to digital advertising. But that’s not actually the case. In fact, advertising is gradually becoming a material contributor to the company’s revenue base.In a research note Tuesday, Bernstein analystToni Sacconaghidoes a d","content":"<p>Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted advertising.</p>\n<p>The decision has created the impression that Apple (ticker: AAPL) is simply opposed to digital advertising. But that’s not actually the case. In fact, advertising is gradually becoming a material contributor to the company’s revenue base.</p>\n<p>In a research note Tuesday, Bernstein analystToni Sacconaghidoes a deep dive into Apple’s ad business. While the company doesn’t talk about the business much andprovides little disclosure, Sacconaghi estimates that Apple will generate about $3 billion in ad revenue in the September 2021 fiscal year, up from about $300 million in fiscal 2017. He thinks the total could grow to the $7 billion-to-$10 billion-a-year range by fiscal 2023 or 2024, boosting growth in Apple’s services business as much as three percentage points.</p>\n<p>Sacconaghi notes that most of Apple’s ad business is centered on search ads in the App Store. He says growth drivers in the business include the June addition of search ads in China, higher ad loads, and the introduction of banner ads to the store in May. He also points out that Apple generates modest revenue today—likely under $500 million a year—from ads in the Apple News and Stocks apps.</p>\n<p>There are other opportunities—including Apple Maps and Apple TV. Sacconaghi estimates that Google generates about $4 billion in ad revenue a year from Maps, with a user base about four times the size, suggesting $1 billion a year in potential ad revenue. And he says that the streaming-device companyRoku (ROKU)provides “a helpful precedent” for how Apple can generate revenue from Apple TV hardware—where he sees another $1 billion-plus opportunity.</p>\n<p>The analyst adds that Apple could place ads on other properties—like Apple Fitness+ and Garage Band—but that the adoption of advertising in applications like Apple Mail, Apple TV+, or Apple’s home screens likely would “irk consumers and undermine Apple’s strongly avowed stance on privacy.”</p>\n<p>Meanwhile, Sacconaghi says, Apple’s position on Identifier for Advertisers, or IDFA, offers the company some competitive advantages. “While we believe that Apple’s move to eliminate IDFA was done in the spirit of advancing consumer privacy, it may ultimately provide Apple with an advertising platform that is competitively advantaged vs. peers who don’t have access to Apple’s richer APIs,” he writes.</p>\n<p>The analyst notes thatAmazon.com‘s (AMZN) ad business was similar in size to Apple’s in 2017—and now has a run rate north of $25 billion and is a substantial part of the investment thesis on the stock. “Along similar lines, a large and growing advertising business could help Apple accelerate its overall Services growth rate, which would likely be viewed positively by investors,” he concludes.</p>\n<p>Apple shares were up 0.1%, at $145.72, in recent trading. TheS&amp;P 500was down fractionally.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/apples-advertising-business-is-bigger-than-you-think-it-could-get-bigger-still-51628004419?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/apples-advertising-business-is-bigger-than-you-think-it-could-get-bigger-still-51628004419?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.marketwatch.com/articles/apples-advertising-business-is-bigger-than-you-think-it-could-get-bigger-still-51628004419?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1171505764","content_text":"Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted advertising.\nThe decision has created the impression that Apple (ticker: AAPL) is simply opposed to digital advertising. But that’s not actually the case. In fact, advertising is gradually becoming a material contributor to the company’s revenue base.\nIn a research note Tuesday, Bernstein analystToni Sacconaghidoes a deep dive into Apple’s ad business. While the company doesn’t talk about the business much andprovides little disclosure, Sacconaghi estimates that Apple will generate about $3 billion in ad revenue in the September 2021 fiscal year, up from about $300 million in fiscal 2017. He thinks the total could grow to the $7 billion-to-$10 billion-a-year range by fiscal 2023 or 2024, boosting growth in Apple’s services business as much as three percentage points.\nSacconaghi notes that most of Apple’s ad business is centered on search ads in the App Store. He says growth drivers in the business include the June addition of search ads in China, higher ad loads, and the introduction of banner ads to the store in May. He also points out that Apple generates modest revenue today—likely under $500 million a year—from ads in the Apple News and Stocks apps.\nThere are other opportunities—including Apple Maps and Apple TV. Sacconaghi estimates that Google generates about $4 billion in ad revenue a year from Maps, with a user base about four times the size, suggesting $1 billion a year in potential ad revenue. And he says that the streaming-device companyRoku (ROKU)provides “a helpful precedent” for how Apple can generate revenue from Apple TV hardware—where he sees another $1 billion-plus opportunity.\nThe analyst adds that Apple could place ads on other properties—like Apple Fitness+ and Garage Band—but that the adoption of advertising in applications like Apple Mail, Apple TV+, or Apple’s home screens likely would “irk consumers and undermine Apple’s strongly avowed stance on privacy.”\nMeanwhile, Sacconaghi says, Apple’s position on Identifier for Advertisers, or IDFA, offers the company some competitive advantages. “While we believe that Apple’s move to eliminate IDFA was done in the spirit of advancing consumer privacy, it may ultimately provide Apple with an advertising platform that is competitively advantaged vs. peers who don’t have access to Apple’s richer APIs,” he writes.\nThe analyst notes thatAmazon.com‘s (AMZN) ad business was similar in size to Apple’s in 2017—and now has a run rate north of $25 billion and is a substantial part of the investment thesis on the stock. “Along similar lines, a large and growing advertising business could help Apple accelerate its overall Services growth rate, which would likely be viewed positively by investors,” he concludes.\nApple shares were up 0.1%, at $145.72, in recent trading. TheS&P 500was down fractionally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802333635,"gmtCreate":1627716180827,"gmtModify":1703495155596,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/802333635","repostId":"1154216466","repostType":4,"repost":{"id":"1154216466","pubTimestamp":1627713678,"share":"https://www.laohu8.com/m/news/1154216466?lang=&edition=full","pubTime":"2021-07-31 14:41","market":"us","language":"en","title":"Antitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First","url":"https://stock-news.laohu8.com/highlight/detail?id=1154216466","media":"Barron's","summary":"About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson Unive","content":"<p><i>About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission.&nbsp;His latest book is</i>The Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.</p>\n<p>Big Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&amp;T-Time Warner merger.</p>\n<p>The DOJ expended extensive time and resources to stop AT&amp;T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.</p>\n<p>In October 2016 AT&amp;Tannouncedits plan to buy Time Warner.&nbsp; Donald Trump’s presidential campaign trashed the merger in a statement: &nbsp;“AT&amp;T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.”&nbsp; With Trump in office, the DOJ moved to block it.</p>\n<p>In 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&amp;T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&amp;T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&amp;T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.</p>\n<p>The government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets.&nbsp;Here, AT&amp;T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt.&nbsp;Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality.&nbsp;So facts, not just a story, are needed.&nbsp; District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”</p>\n<p>Aside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years.&nbsp;Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”</p>\n<p>Owning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&amp;T-Time Warner’s lunch. When AT&amp;T bought DirecTV in 2015, it paid $67 billion.&nbsp;In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.</p>\n<p>And AT&amp;Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&amp;T shareholders receive $43 billion, less than half the $100 billion AT&amp;T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.</p>\n<p>AT&amp;T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&amp;T so spectacularly failed to do in video.&nbsp; Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.</p>\n<p>Not only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast).&nbsp;Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&amp;T learned the hard way that owning complementary products is no guarantee of success. </p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Antitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First</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\">\nAntitrust Activists Want to Go Full Throttle. Here’s a Lesson They Should Consider First\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-31 14:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/antitrust-activists-want-to-go-full-throttle-heres-a-lesson-they-should-consider-first-51627509048?mod=hp_COMMENTARY_3><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest...</p>\n\n<a href=\"https://www.barrons.com/articles/antitrust-activists-want-to-go-full-throttle-heres-a-lesson-they-should-consider-first-51627509048?mod=hp_COMMENTARY_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/antitrust-activists-want-to-go-full-throttle-heres-a-lesson-they-should-consider-first-51627509048?mod=hp_COMMENTARY_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154216466","content_text":"About the author: Thomas W. Hazlett is H.H. Macaulay endowed professor of economics at Clemson University, and previously served as chief economist of the Federal Communications Commission. His latest book isThe Political Spectrum: The Tumultuous Liberation of Wireless Technologies, from Herbert Hoover to the Smartphone.\nBig Tech is in the antitrust hot seat. But before the Department of Justice tries to break up companies likeGoogleorApple,it should recall the history, and eventual outcome, of theAT&T-Time Warner merger.\nThe DOJ expended extensive time and resources to stop AT&T’s acquisition of Time Warner, marking the department’s first challenge to a major vertical merger in over 40 years. The government was unsuccessful despite its best efforts, which included an appeal to the D.C. Circuit, and time reveals that its concerns were evidently misplaced all along. The merger did not result in higher prices, program blackouts, or even any appreciable advantage for the companies.\nIn October 2016 AT&Tannouncedits plan to buy Time Warner.  Donald Trump’s presidential campaign trashed the merger in a statement:  “AT&T … is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal.”  With Trump in office, the DOJ moved to block it.\nIn 2017, the DOJ went to court tocomplainthat the merger would “substantially lessen competition in video” by allowing AT&T to “use Time Warner’s ‘must have’” networks like CNN, TNT, TBS, and HBO to raise fees charged to rival cable TV distributors like Comcast or DISH. AT&T, which had acquired national satellite operator DirecTV, could threaten “blackouts” depriving rival distributors of key programs—their subscribers would then quit and flock to DirecTV (AT&T) so as to keep watching CNN or the NBA Playoffs on TNT. Not only would major TV and cable systems be hurt, but emerging online streaming services would be crushed.\nThe government’s case focused on “vertical leveraging,” where a company uses two complementary products to make it more difficult for rivals to compete in the individual markets. Here, AT&T was combining video content creation with video program distribution; the allegation was that competitors in either segment might be hurt. Yet there are clear efficiencies to be had, as widely found in studies of vertically integrated firms, with joint operations boosting consumer happiness. Buyers at Costco eagerly snap up Costco-supplied Kirkland products—which the retailer stocks in place of those of some independent producers—if they improve price or quality. So facts, not just a story, are needed.  District Court Judge Richard J. Leonfoundthat the DOJ case “falls far short of establishing the validity of its… theory.”\nAside from the political overtones of the case, there was good historical reason to doubt the official complaint. A cable TV programmer combined with (or split from) a video distributor several times in recent years. Vertical integration did not cause higher prices, as shown by econometric analysis. Nor did vertical integration lead to “blackouts,” as the DOJ conceded. A three-judge panel of the D.C. Circuit confirmed Judge Leon’s opinion, finding that “the industry had become dynamic in recent years with the emergence, for example, of Netflix and Hulu.”\nOwning DirecTV and Time Warner together turned out to be not much advantage, let alone a monopoly. Despite a huge boost in pandemic demand for video content, rivals soon dined on AT&T-Time Warner’s lunch. When AT&T bought DirecTV in 2015, it paid $67 billion. In February 2021, with DirecTV’s satellite subscriber base collapsing, the spun-off operation wasvaluedat $16.3 billion.\nAnd AT&Tthen unloaded the video assets of Time Warner. A new enterprise—Warner Bros. Discovery—is being spun off and merged with Discovery (Discovery Channel, Animal Planet, TLC, HGTV, the Food Networkand more). The content-only firm voluntarily severs the link the DOJ critiqued as easy monopoly money. With the allegations of anticompetitive bundling, it has been cast off as not worth the trouble.AT&T shareholders receive $43 billion, less than half the $100 billion AT&T expended (in debt and equity) for Time Warner three years ago. The government’s scenario of anti-competitive vertical integration proved a fantasy.\nAT&T’s maneuvers deserve whatever scorn billions in shareholder losses can buy. A cynic might offer that antitrust laws be beefed up to protect against such corporate errors, ignoring that economic penalties—more reliable and harsher than whatever antitrust enforcers might deal—are visibly in place. But little note has been made of the ironic political saga. Policymakers are moving full throttle to enact statutes to beef up antitrust prosecution in tech for exactly what AT&T so spectacularly failed to do in video.  Rep. Pramila Jayapal (D-Wash.) and Rep. Lance Gooden (R-Texas) introduced the “Ending Monopoly Platforms Act” that would restrict vertical mergers in online services, for example. At least five other bills for new antitrust rules have been introduced.\nNot only can such policies be expensive legal diversions, they can block the innovations igniting exciting new choices for customers. Netflix has integrated from streaming into movie production, after launching Roku. Hulu was created by News Corp. (Fox) and NBC-Universal (Comcast). Amazon Prime Video, Sling, YouTube TV, Apple TV, Disney Plus, HBO Max and Paramount Plus—each has extended a large media or e-commerce platform. Each evolved from a quest for better products. Treating entrepreneurship as suspect puts the screws to just the disruptions now roiling online entertainment markets. AT&T learned the hard way that owning complementary products is no guarantee of success.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084026585,"gmtCreate":1650779983053,"gmtModify":1676534792132,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084026585","repostId":"1116049346","repostType":4,"repost":{"id":"1116049346","pubTimestamp":1650766704,"share":"https://www.laohu8.com/m/news/1116049346?lang=&edition=full","pubTime":"2022-04-24 10:18","market":"us","language":"en","title":"US IPO Weekly Recap: Just 1 Small IPO in the Post-holiday Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1116049346","media":"Renaissance Capital","summary":"The IPO market cooled off with just one small IPO this past week, joined by one SPAC. The pipeline a","content":"<html><head></head><body><p>The IPO market cooled off with just one small IPO this past week, joined by one SPAC. The pipeline also saw little activity, with two IPOs and three SPACs submitting initial filings.</p><p>Singapore-based <b>JE Cleantech Holdings</b> (JCSE) raised $15 million at a $60 million market cap. The company makes a broad range of cleaning equipment and systems, and also provides dishwashing and cleaning services in Singapore. JE Cleantech became the latest micro-cap to soar on its debut, following Genius Group’s (GNS) massive pop the prior week; the company finished up 375%.</p><p><b>Yotta Acquisition</b>(YOTAU) was the sole SPAC to come to market, raising $100 million to target high-tech industries. Blank check issuance has been on a steady decline since the start of the year driven by poor post-merger returns, which have incited a wave of merger terminations and SPAC IPO withdrawals.</p><p><img src=\"https://static.tigerbbs.com/a212a470617e219ceca2ba2c03d9fc08\" tg-width=\"1270\" tg-height=\"263\" width=\"100%\" height=\"auto\"/></p><p>There were two new IPO filings this past week. California-based <b>SmartStop Self Storage REIT</b> (SMST) filed to raise $100 million.<b>Treasure Global</b> (TGLB), which provides an e-payment app in Malaysia, filed to raise $29 million. SPACs <b>Global Blockchain Acquisition</b> (GBBKU), <b>Zi Toprun Acquisition</b> (ZTOPU), and <b>Monterey Capital Acquisition</b> (MCACU) also submitted initial filings.</p><p><img src=\"https://static.tigerbbs.com/b88ac535983d6a37a6af7b7aae2f0b99\" tg-width=\"1271\" tg-height=\"472\" width=\"100%\" height=\"auto\"/></p><p><b>IPO Market Snapshot</b></p><p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 4/21/2022, the Renaissance IPO Index was down 35.0% year-to-date, while the S&amp;P 500 was down 7.4%. Renaissance Capital&#39;s IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Crowdstrike Holdings (CRWD). The Renaissance International IPO Index was down 26.5% year-to-date, while the ACWX was down 8.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.</p></body></html>","source":"lsy1603787993745","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>US IPO Weekly Recap: Just 1 Small IPO in the Post-holiday Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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\">\nUS IPO Weekly Recap: Just 1 Small IPO in the Post-holiday Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-24 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/92201/US-IPO-Weekly-Recap-Just-1-small-IPO-in-the-post-holiday-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The IPO market cooled off with just one small IPO this past week, joined by one SPAC. The pipeline also saw little activity, with two IPOs and three SPACs submitting initial filings.Singapore-based JE...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/92201/US-IPO-Weekly-Recap-Just-1-small-IPO-in-the-post-holiday-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","JCSE":"佳益净科控股","MCACU":"Mountain Crest Acquisition",".SPX":"S&P 500 Index","YOTAU":"Yotta Acquisition Corp",".DJI":"道琼斯"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/92201/US-IPO-Weekly-Recap-Just-1-small-IPO-in-the-post-holiday-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116049346","content_text":"The IPO market cooled off with just one small IPO this past week, joined by one SPAC. The pipeline also saw little activity, with two IPOs and three SPACs submitting initial filings.Singapore-based JE Cleantech Holdings (JCSE) raised $15 million at a $60 million market cap. The company makes a broad range of cleaning equipment and systems, and also provides dishwashing and cleaning services in Singapore. JE Cleantech became the latest micro-cap to soar on its debut, following Genius Group’s (GNS) massive pop the prior week; the company finished up 375%.Yotta Acquisition(YOTAU) was the sole SPAC to come to market, raising $100 million to target high-tech industries. Blank check issuance has been on a steady decline since the start of the year driven by poor post-merger returns, which have incited a wave of merger terminations and SPAC IPO withdrawals.There were two new IPO filings this past week. California-based SmartStop Self Storage REIT (SMST) filed to raise $100 million.Treasure Global (TGLB), which provides an e-payment app in Malaysia, filed to raise $29 million. SPACs Global Blockchain Acquisition (GBBKU), Zi Toprun Acquisition (ZTOPU), and Monterey Capital Acquisition (MCACU) also submitted initial filings.IPO Market SnapshotThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 4/21/2022, the Renaissance IPO Index was down 35.0% year-to-date, while the S&P 500 was down 7.4%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Crowdstrike Holdings (CRWD). The Renaissance International IPO Index was down 26.5% year-to-date, while the ACWX was down 8.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815042013,"gmtCreate":1630632400732,"gmtModify":1676530360989,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/815042013","repostId":"1103995208","repostType":4,"repost":{"id":"1103995208","pubTimestamp":1630629549,"share":"https://www.laohu8.com/m/news/1103995208?lang=&edition=full","pubTime":"2021-09-03 08:39","market":"us","language":"en","title":"Tesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1103995208","media":"zerohedge","summary":"Production output for Tesla in China has reportedly once again been halted and is being  blamed on the global semiconductor shortage.Short of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.Tesla's Shanghai plant was halted \"for about four days\" in August, according to anew report from Reuters.In China, Tesla sold 32,968 China-made vehicl","content":"<p>Production output for Tesla in China has reportedly once again been halted and is being (once again) blamed on the global semiconductor shortage.</p>\n<p>Short of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.</p>\n<p>Tesla's Shanghai plant was halted \"for about four days\" in August, according to anew report from Reuters.</p>\n<p>Production is reportedly now \"back to normal\" and the halt was blamed on shortages with the availability of electronic control units, mainly for the company's Model Y.</p>\n<p><img src=\"https://static.tigerbbs.com/088a74e39307bb5a626cdf7ae62f75c0\" tg-width=\"532\" tg-height=\"300\" width=\"100%\" height=\"auto\">In China, Tesla sold 32,968 China-made vehicles in July - this includes vehicles sold in China and vehicles exported - according to the China Passenger Car Association (CPCA). This was below the 33,155 vehicles sold in June; a number that we pointed out could have been a sign that the ship had steadied between Tesla and China - and that demand was once again rising.</p>\n<p>But July's numbers seem to indicate little, if any, growth in demand between June and July.</p>\n<p>Shipments of locally made vehicles sold in China plunged, to 8,621 cars from 28,138 in June. There is generally cyclicality for automaker sales wherein the beginning of a quarter (July) comes in markedly lower than the end of the previous quarter (June).</p>\n<p><img src=\"https://static.tigerbbs.com/100cff92002adb2ace977d6b7234a6b4\" tg-width=\"660\" tg-height=\"393\" width=\"100%\" height=\"auto\">PCA Secretary General Cui Dongshu said during a briefing last month: “Tesla tends to be aggressive in exports regardless of the domestic market in July. The fact that Tesla’s domestic deliveries didn’t reach 10,000 is normal and fine.”</p>\n<p>24,347 of the 32,968 cars made in China were manufactured for export.</p>\n<p>Tesla fell between BYD, who sold 50,387 China-made EVs and GM/SAIC, who sold 27.347 EVs.</p>\n<p>Recall, other automakers have slowed production due to the semi shortage, too. Wereported last monththat Toyota had slashed&nbsp;global production for September by 40% from its previous outlook. The production cut will reduce Toyota's global production for September from 900,000 automobiles to 500,000.</p>\n<p>As a result,&nbsp;Toyota's global production for the month will be below that of last September,&nbsp;when demand was beginning to recover from the initial stages of the coronavirus pandemic and Toyota turned out 840,000 units.</p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 08:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/tesla-halted-production-china-4-days-august-due-semiconductor-shortage?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Production output for Tesla in China has reportedly once again been halted and is being (once again) blamed on the global semiconductor shortage.\nShort of the pandemic, the semi shortage has become a ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/tesla-halted-production-china-4-days-august-due-semiconductor-shortage?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/tesla-halted-production-china-4-days-august-due-semiconductor-shortage?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103995208","content_text":"Production output for Tesla in China has reportedly once again been halted and is being (once again) blamed on the global semiconductor shortage.\nShort of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.\nTesla's Shanghai plant was halted \"for about four days\" in August, according to anew report from Reuters.\nProduction is reportedly now \"back to normal\" and the halt was blamed on shortages with the availability of electronic control units, mainly for the company's Model Y.\nIn China, Tesla sold 32,968 China-made vehicles in July - this includes vehicles sold in China and vehicles exported - according to the China Passenger Car Association (CPCA). This was below the 33,155 vehicles sold in June; a number that we pointed out could have been a sign that the ship had steadied between Tesla and China - and that demand was once again rising.\nBut July's numbers seem to indicate little, if any, growth in demand between June and July.\nShipments of locally made vehicles sold in China plunged, to 8,621 cars from 28,138 in June. There is generally cyclicality for automaker sales wherein the beginning of a quarter (July) comes in markedly lower than the end of the previous quarter (June).\nPCA Secretary General Cui Dongshu said during a briefing last month: “Tesla tends to be aggressive in exports regardless of the domestic market in July. The fact that Tesla’s domestic deliveries didn’t reach 10,000 is normal and fine.”\n24,347 of the 32,968 cars made in China were manufactured for export.\nTesla fell between BYD, who sold 50,387 China-made EVs and GM/SAIC, who sold 27.347 EVs.\nRecall, other automakers have slowed production due to the semi shortage, too. Wereported last monththat Toyota had slashed global production for September by 40% from its previous outlook. The production cut will reduce Toyota's global production for September from 900,000 automobiles to 500,000.\nAs a result, Toyota's global production for the month will be below that of last September, when demand was beginning to recover from the initial stages of the coronavirus pandemic and Toyota turned out 840,000 units.","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162152485,"gmtCreate":1624048817347,"gmtModify":1703827539049,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/162152485","repostId":"1168762020","repostType":2,"repost":{"id":"1168762020","pubTimestamp":1623988654,"share":"https://www.laohu8.com/m/news/1168762020?lang=&edition=full","pubTime":"2021-06-18 11:57","market":"us","language":"en","title":"ASML: The Market Could Be Underestimating Its Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=1168762020","media":"seekingalpha","summary":"Summary\n\nThe Semiconductor sector is forecasted to grow at a CAGR of 8.6% through 2028.\nDUV lithogra","content":"<p><b>Summary</b></p>\n<ul>\n <li>The Semiconductor sector is forecasted to grow at a CAGR of 8.6% through 2028.</li>\n <li>DUV lithography is forecasted to grow at a CAGR of 8.4% through 2025 with EUV lithography forecasted to grow at a CAGR of 12% through 2027.</li>\n <li>ASML holds a monopoly within EUV and faces very limited competition within DUV, both platforms absolutely vital for the semiconductor manufacturing process.</li>\n <li>A true innovator, ASML commands an outstanding position and growth outlook but the stock market has long since recognized the potential.</li>\n <li>Existing shareholders do well for themselves in just enjoying the ride, but there is little margin of safety left for prospective shareholders who might dip their toes into the water through dollar-cost averaging to benefit from the strong tailwinds powering ASML.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44b5f81c309842f14fe1adffe3d6c9ca\" tg-width=\"768\" tg-height=\"432\"><span>MACRO PHOTO/iStock via Getty ImagesInvestment Thesis</span></p>\n<p>ASML Holding (ASML) commands a market position like no one else with not a competitor in sight for its most advanced technological platform, EUV lithography. Similarly, it faces very limited competition within DUV, both platforms vital for semiconductor manufacturing. The household names within the semiconductor industry belong to the manufacturers, but the machinery providers, such as ASML, command very strong moats through extensive technological knowledge and strong process knowledge leaving all potential competitors years behind if they should ever try to compete.</p>\n<p>It's hard to think of a better competitive situation, especially when operating in a sector forecasted to grow well above general GDP for many years to come. However, the market has long since recognized ASML's outstanding potential and potential journey, but still, it could be underestimating the potential.</p>\n<p><b>Introduction</b></p>\n<p>I recently wrote an article concerning how youcan’t own too much semiconductor exposure. Having decomposed the value chain for semiconductor manufacturing, I received a number of questions concerning ASML in the comment sections and decided to conduct this follow-up. I’ve selected ASML due to its unique marketplace position and potential.</p>\n<p>Personally I have exposure to the manufacturing level of the semiconductor value chain through shares in both Texas Instruments Incorporated (TXN) and Broadcom Inc. (AVGO), but venturing further back into the value chain, and investors can be allowed to invest in a broader manner into the industry, as the suppliers of machinery and software obtain a broader exposure to most of the manufacturers making it immensely interesting as you can adopt the mantra of “I don’t really mind who wins, as long as they are racing”. As such, potential exposure upstream in the value chain carries great interest.</p>\n<p><b>The Marketplace and Value Drivers For Years To Come</b></p>\n<p>For ASML followers it’s no surprise at this point, but ASML is dominant within the product offering that will drive its revenue for the coming decade, EUV (Extreme ultraviolet lithography) technology. My personal take is that it is hard to find a company in a similarly advantageous competitive position anywhere in any industry. ASML provides equipment for lithography, the art of printing the chip features via light sources, in several light spectrums with its most advanced being EUV which is the next-gen to DUV (deep ultraviolet lithography). For DUV there are competitors albeit ASML has a massive market share above 85%. The difference between DUV and EUV is that EUV operates at a light wavelength almost 15 times smaller than DUV (13.5nm compared to 193nm).</p>\n<p>Actually, the semiconductor manufacturers for the leading edge chips such as 5nm and soon to be 3nm are deeply dependent on the EUV machinery. Without it, it simply wouldn’t be possible. That sounds like a pretty good bargain for those who can manufacture these machines, but there is only one company that is able to do it, and that is ASML. For every generation of new EUV machinery, its yield becomes better with higher throughput and reduced downtime issues, meaning that ASML is effectively lightyears ahead of anyone who would try to pick up the gauntlet and challenge their dominant position.</p>\n<p>This is an industry where everything is about process knowledge. Taiwan Semiconductor (TSM) is able to produce 5nm chips because it was able to produce 7nm, and it will be able to produce 3nm because it can produce 5nm and has done that a million times over which is also why it was so detrimental to Intel Corp (INTC) that it had to acknowledge its persistent issues with the 7nm technology.</p>\n<p>Quite simply, there is no 3nm if you can’t do the 5nm, as also discussed in my previous article. Same goes for ASML as a competitor would be years and years behind ASML if they entered the EUV space as they would struggle with the same issues that have plagued ASML in its early days of EUV more than a decade ago. I’ve included a number of illustrations from their most recent investor day which took place in November 2018, with the next one to take place in September 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edaa6b5a77f99726bbae61b032b9c208\" tg-width=\"640\" tg-height=\"359\"><span>ASML Investor Day 2018, EUV Products and Business Opportunity, p. 6.</span></p>\n<p>The picture above clearly illustrates the process knowledge having been picked up by ASML throughout its EUV lifetime. This has also translated into better EUV machinery for each new generation as also evident by its productivity improvements. Again, I can’t imagine a more favourable competitive situation for a company, given how much time and capital it would require for a competitor to adopt the EUV technology.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85913766aea721e218e976e4f73349e5\" tg-width=\"640\" tg-height=\"362\"><span>ASML Investor Day 2018, EUV Products and Business Opportunity, p. 16.</span></p>\n<p>Semiconductor manufacturing is a cutthroat business with heavy R&amp;D spend (it took ASML €6 billion in R&amp;D spend to invent EUV) driving chip improvements according to Moore’s law, meaning that ASML is already working on the next-gen technology, referred to as High NA-EUV. High NA-EUV is still some time away, with the timeline below being slightly outdated, but its technology will significantly improve the EUV platform and power the industry beyond this decade. It takes time to develop the technology, improve yield and reduce downtime, but there is still plenty of opportunities for EUV in terms of marketplace expansion and margin improvement.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7709f0f76b1619a31b32fc3330134005\" tg-width=\"640\" tg-height=\"361\"><span>ASML Investor Day 2018, EUV Products and Business Opportunity, p. 21.</span></p>\n<p>ASML itself has laid out the expected path in terms of optimised margins through both add-ons facing the buyer side and upstream cost reductions facing their suppliers creating a sweet spot for the company effectively striving to achieve the same profitability profile as for its more mature DUV platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/809661531ad423f613fb44c26e0b3352\" tg-width=\"640\" tg-height=\"353\"><span>ASML Investor Day 2018, EUV Products and Business Opportunity, p. 25.</span></p>\n<p>If that wasn’t good enough, then add the fact that the semiconductor industry in general is expected to outpace general GDP for at least until 2028 with a CAGR of 8.6%. Recentcommunicationsby Taiwan Semiconductor, Intel and Samsung Electronics Company (OTC:SSNLF) shows the strength and growth potential for the sector with their combined CAPEX expectations going beyond $200 billion for the coming decade, with a significant chunk of that within the coming years.</p>\n<p>As can be seen in the illustration above, ASML expects increased customer value through upgrades, with their roadmap for DUV serving as an example in terms of how the revenue base could expand over the coming years for EUV as is the case for DUV via what the company has labelled installed base management.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d8ef7940a4b888c50159e5b9db4c0634\" tg-width=\"640\" tg-height=\"362\"><span>ASML Investor Day 2018, DUV Products and Business Opportunity, p. 10.</span></p>\n<p>There is of course always the possibility of a serious contender entering the marketplace in order to try and challenge ASML, but companies have tried to enter the space when the technology was in its infancy having given up, meaning the prime threat would be the emergence of a new lithography technology arriving and doing to EUV what EUV did to DUV. Possible sure, likely, not so much. Just to hammer down the point, I’ve inserted a paragraph from ASML’s own description of how lithography plays its role.</p>\n<blockquote>\n “\n <i>Lithography is a driving force in the creation of more powerful, faster and cheaper chips. The manufacturing of chips becomes increasingly complex as semiconductor feature sizes shrink, while the imperative to mass produce at the right cost remains. Our holistic lithography product portfolio helps to optimize production and enable affordable shrink by integrating lithography systems with computational modeling, as well as metrology and inspection solutions. A lithography system is essentially a projection system. Light is projected through a blueprint of the pattern that will be printed (known as a ‘mask’ or ‘reticle’). With the pattern encoded in the light, the system’s optics shrink and focus the pattern onto a photosensitive silicon wafer. After the pattern is printed, the system moves the wafer slightly and makes another copy on the wafer. This process is repeated until the wafer is covered in patterns, completing one layer of the wafer’s chips. To make an entire microchip, this process is repeated layer after layer, stacking the patterns to create an integrated circuit (IC). The simplest chips have around 10 layers, while the most complex can have over 150 layers. The size of the features to be printed varies depending on the layer, which means that different types of lithography systems are used for different layers – our latest-generation EUV systems for the most critical layers with the smallest features to ArF, KrF, and i-line DUV systems for less critical layers with larger features.</i>”\n <i>ASML Annual Report 2020, The Role Of Lithography, p. 12.</i>\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa32572971943844c4e71ddfc77559d6\" tg-width=\"640\" tg-height=\"547\"><span>ASML Annual Report 2020, The Role Of Lithography, p. 12.</span></p>\n<p>I believe most investors are familiar with confirmation bias, and if they aren’t, they should grab a book and educate themselves. Having read through this section, it can easily sound as if I as the author is suffering from confirmation bias given how strongly I’ve advocated for ASML’s position and competitive power. However, I’ve striven towards identifying situations that could severely impact ASML and being honest I can’t find it. There are of course the risks associated with geopolitical tension, which also showed itself in the stock price back in 2016, the risk of supply chain disruption as is currently transpiring across the industry and competition for talent. These are touched upon by the company itself in their annual report 2020 p. 21 and no industry comes without potential risks.</p>\n<p>So, to sum it all up:</p>\n<ul>\n <li>ASML has pioneered EUV lithography, with no competitors in sight</li>\n <li>EUV will enable the continuation of Moore’s Law and will drive long term value for ASML and its customers well into this decade</li>\n <li>The semiconductor sector forecasted to grow at CAGR of 8.6% through 2028, outpacing general GDP with ASML being a key supplier to the manufacturers (foundries)</li>\n <li>Strong industry CAPEX driving demand for ASML offerings</li>\n <li>The path forward for expanding EUV business in terms of installed base management, margins improvement and manufacturer dependency on EUV machinery for leading edge chips</li>\n <li>ASML is a crucial player for leading edge chip manufacturing</li>\n</ul>\n<p>Sounds pretty good to me.</p>\n<p>The Financial Performance and Development</p>\n<p>ASML is doing well for itself as evident by the illustration below.</p>\n<ul>\n <li>Strong revenue growth</li>\n <li>Strong margin expansion</li>\n <li>Strong improvement in free cash flow</li>\n <li>Impressive operational improvements strengthening its moat through increased R&amp;D spend and IP portfolio</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7900753b1857ac9ad6fc705b9baad563\" tg-width=\"640\" tg-height=\"414\"><span>Annual Report 2020, p 7.</span></p>\n<p>This was followed by a strong Q1-2021 performance with mouth-watering financials on both top and bottom line. However, for their Q2-2021 performance they are guiding for slightly lower revenue expansion at €4.1 billion with a gross margin of 49%, which is still above the long term average but closer to it. There is however no denying that the company is thriving in the current environment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60ea4dedde41a918bd9e1fd307a9531f\" tg-width=\"640\" tg-height=\"356\"><span>ASML 2021 First-Quarter, p. 14.</span></p>\n<p>An interesting detail is the development within the installed base management as illustrated earlier in the article. The company is delivering on its promise with a strong development within this segment growing 29% YoY from 2019 to 2020, well beyond the total growth of 18%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c6966dcaf747d226d5de580187d4d3ad\" tg-width=\"640\" tg-height=\"357\"><span>ASML 2021 First-Quarter, p. 8.</span></p>\n<p>The more interesting question however is whether the market estimates are underestimating the potential for ASML. An immensely hard question, but if we give it a look, I personally at least see the possibility of that being the case.</p>\n<p>Are Analyst Consensus Estimates Under- or Over-Estimating ASML’s Potential?</p>\n<p>ASML is well-covered by analysts offering estimates all the way through 2028, but with coverage waning once we go beyond 2025 which is the last year covered by more than one analyst. The current estimates show a revenue CAGR development of 11.1% from 2020 to 2028, but if we remove 2021, which shows stellar growth, the CAGR is 6.5%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9adf4cebbce28dc7433186b5bd0827e8\" tg-width=\"640\" tg-height=\"377\"><span>Author's Own Creation, Source Seeking Alpha.</span></p>\n<p>Remember the sector as a whole is forecasted to exhibit growth at a CAGR of 8.6% through 2028. These are all estimates which carry great uncertainty with no one able to reliably predict the future. However, it is worth noticing that revenue estimates for ASML are below the sector as a whole if the massive jump from 2020 to 2021 is left out of the equation. Average revenue growth from 2026 to 2028 is currently estimated to be 3.5%.</p>\n<p>Considering some of the arguments in favour of why ASML’s outlook could be even more positive:</p>\n<ul>\n <li>General semiconductor industry CAGR 2020-2028 forecasted at 8.6%.</li>\n <li>DUV CAGR 2020-2025forecastedat 8.4%, it is still ASML’s largest product category.</li>\n <li>EUV CAGR 2020-2027forecastedat 12%.</li>\n <li>ASML is a linchpin player to solve chip shortage through technology advancement and its machines define the performance of every electrical gadget we utilise in our daily lives.</li>\n <li>ASML shows progress in its plan to widen the ecosystem for its machinery through \"Installed Base Management\" increasing the total addressable market by upwards of double digits percentage as 2018 sales were 20% installed base management and 2025 estimate is 50%.</li>\n <li>ASML dominates the DUV immersion segment, the part of DUV with high margins as its two solecompetitorsin DUV, Nikon and Canon lack the means and capabilities.</li>\n <li>As the market transitions to EUV, the demand for DUV willfollowas the chip stacking process benefits from both systems through its manufacturing.</li>\n</ul>\n<p>This is without mentioning the potential price increases that could trickle down towards its customers as they could be fighting over ASML’s capacity due to its strong market position of 85% in DUV and monopoly within EUV while also bringing High NA-EUV to market by mid of this decade. Customers today pay roughly $130-150 million for EUV machines, while DUV machines come in at around $100 million. The largest hindrance to ASML overdelivering is its current capacity constraint in terms of ability to deliver EUV systems which is capped somewhere between 40 and 50 systems a year, with the company of course striving to expand that capacity constraint as demand builds up over the years. On the other hand, this could also be a driver for price increases as ASML strives to expand capacity.</p>\n<p>I will not try to construct an even bolder revenue guidance as it’s a cheap shot and frankly, no one has the capacity to accurately forecast if the current expectations will stand or whether they are too positive or negative. I just want to highlight that with everything going on and ASML’s market position in mind, I don’t consider it unreasonable that the company will do even better than currently anticipated.</p>\n<p><b>Valuation</b></p>\n<p>The stock price is an inch away from its 52-week high and has been on a tear since the beginning of 2020, really taking off since October 2020 from which it has doubled since.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/472c0e2f540c1d4ee2a7bbaec09379c0\" tg-width=\"635\" tg-height=\"453\"><span>Data by YCharts</span></p>\n<p>Market cap has exploded with all other parameters left in its wake having seen a significant expansion in price-earnings ratio despite a strong improvement in EPS and revenue. The stock market has long since recognised the story and potential of ASML with the Wall Street analyst target currently at $722 per share. Fair to say, there is no margin of safety if the analysts are correct in the predictions. Interestingly, out of the 30 analysts offering a price target, the percentage who are very bullish hasn’t been higher since 2016 with 56% stating a very bullish opinion. There is a mental exercise in staying cautious in terms of believing in such statements, not least because the stock has only known one direction for the last couple of years – upwards.</p>\n<p>The significance of the expansion in typical ratios is evident when considered over a five-year horizon as shown below. Both P/E and P/S have expanded massively standing at 55 and 15.7 respectively. However, the company is in a very different place compared to three years ago.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c691d4662a793b5de150add67a3a4e11\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Revenue is growing significantly faster than previously with gross margin and free cash flow also having improved. Due to this positive development, ASML is also returning plenty of capital to its shareholders with a share buyback program of €10 billion for 2021, which unfortunately only translates to a reduction of 0.5% of the current float.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7341584d3ba7b1db51e1eef3c4bdaccd\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>The strong belief in ASML going forward is also clearly illustrated by the estimates for the coming years, which throughout the most recent years has been steadily climbing due to the company’s strong portfolio and market dominance.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b262aeeb8d75114dbc3e45bf9464c830\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>With all that said, I believe that current shareholders do well for themselves in holding on to their existing shares as this company has a great outlook. I’ve had my eyes on ASML for the last year, and I’m extremely sad to say I never got around to looking into it properly, but only looked it at from afar and concluded that the stock might be due for a good pullback at one point. Little did I know.</p>\n<p>As Peter Lynch famously said, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves,” as would also be true for someone like me who didn’t act in time. I’m still massively fascinated by ASML’s outlook and potential journey, but at the current price, I remain hesitant about the prospects and the lack of margin of safety.</p>\n<p>There is a lot of potential for ASML to grow into its valuation, and if one is to add that current levels, I’d say dollar-cost averaging is a prudent strategy for the current price, while reserving the possibility to back up the truck for a full load if we see a pullback before end of 2021.</p>\n<p>As can be seen below, it is not uncommon for ASML to experience a 10% setback once or twice a year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad90b51964870f5475b596fe16f63317\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p><b>Conclusion</b></p>\n<p>ASML is dominant within its two main offerings, the DUV and EUV lithography. Its market is backed by incredibly strong tailwinds as all our gadgets, electrical cars, 5G, datacentres, cloud servers, etc. are heavily reliant on the technology platform offered by ASML. A true innovator with no real competition in sight, feeding machinery and tools to an industry expected to grow at CAGR 8.6% through 2028 with potentially even stronger growth for both its DUV and EUV platforms while also expecting margin expansion.</p>\n<p>There is little evil to be said about ASML, but unfortunately, the stock market has long since recognised its amazing story and potential. With such a strong outlook in sight, existing shareholders do well for themselves in holding onto their shares and just enjoy the journey ahead, but for the prospective shareholders, there appears to be a little margin of safety with the market cap having expanded significantly recently and the stock trading just an inch shy of its 52 week high.</p>\n<p>As Peter Lynch said, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” The exact fallacy I’ve fallen victim to as I’ve looked at ASML from afar for quite a while. Despite the recent expansion in market cap and multiples, there could be made a case for current estimates underestimating ASML’s true potential, but any forecast extending 5-10 years into the future comes with extreme uncertainty and guesstimation. As I’ve shown, ASML’s share price is prone to setbacks once or twice a year allowing dollar-cost averaging to serve as a method to acquire exposure to the company slowly building a position along the way.</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>ASML: The Market Could Be Underestimating Its Potential</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASML: The Market Could Be Underestimating Its Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435422-asml-market-could-be-underestimating-its-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe Semiconductor sector is forecasted to grow at a CAGR of 8.6% through 2028.\nDUV lithography is forecasted to grow at a CAGR of 8.4% through 2025 with EUV lithography forecasted to grow at ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435422-asml-market-could-be-underestimating-its-potential\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦"},"source_url":"https://seekingalpha.com/article/4435422-asml-market-could-be-underestimating-its-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168762020","content_text":"Summary\n\nThe Semiconductor sector is forecasted to grow at a CAGR of 8.6% through 2028.\nDUV lithography is forecasted to grow at a CAGR of 8.4% through 2025 with EUV lithography forecasted to grow at a CAGR of 12% through 2027.\nASML holds a monopoly within EUV and faces very limited competition within DUV, both platforms absolutely vital for the semiconductor manufacturing process.\nA true innovator, ASML commands an outstanding position and growth outlook but the stock market has long since recognized the potential.\nExisting shareholders do well for themselves in just enjoying the ride, but there is little margin of safety left for prospective shareholders who might dip their toes into the water through dollar-cost averaging to benefit from the strong tailwinds powering ASML.\n\nMACRO PHOTO/iStock via Getty ImagesInvestment Thesis\nASML Holding (ASML) commands a market position like no one else with not a competitor in sight for its most advanced technological platform, EUV lithography. Similarly, it faces very limited competition within DUV, both platforms vital for semiconductor manufacturing. The household names within the semiconductor industry belong to the manufacturers, but the machinery providers, such as ASML, command very strong moats through extensive technological knowledge and strong process knowledge leaving all potential competitors years behind if they should ever try to compete.\nIt's hard to think of a better competitive situation, especially when operating in a sector forecasted to grow well above general GDP for many years to come. However, the market has long since recognized ASML's outstanding potential and potential journey, but still, it could be underestimating the potential.\nIntroduction\nI recently wrote an article concerning how youcan’t own too much semiconductor exposure. Having decomposed the value chain for semiconductor manufacturing, I received a number of questions concerning ASML in the comment sections and decided to conduct this follow-up. I’ve selected ASML due to its unique marketplace position and potential.\nPersonally I have exposure to the manufacturing level of the semiconductor value chain through shares in both Texas Instruments Incorporated (TXN) and Broadcom Inc. (AVGO), but venturing further back into the value chain, and investors can be allowed to invest in a broader manner into the industry, as the suppliers of machinery and software obtain a broader exposure to most of the manufacturers making it immensely interesting as you can adopt the mantra of “I don’t really mind who wins, as long as they are racing”. As such, potential exposure upstream in the value chain carries great interest.\nThe Marketplace and Value Drivers For Years To Come\nFor ASML followers it’s no surprise at this point, but ASML is dominant within the product offering that will drive its revenue for the coming decade, EUV (Extreme ultraviolet lithography) technology. My personal take is that it is hard to find a company in a similarly advantageous competitive position anywhere in any industry. ASML provides equipment for lithography, the art of printing the chip features via light sources, in several light spectrums with its most advanced being EUV which is the next-gen to DUV (deep ultraviolet lithography). For DUV there are competitors albeit ASML has a massive market share above 85%. The difference between DUV and EUV is that EUV operates at a light wavelength almost 15 times smaller than DUV (13.5nm compared to 193nm).\nActually, the semiconductor manufacturers for the leading edge chips such as 5nm and soon to be 3nm are deeply dependent on the EUV machinery. Without it, it simply wouldn’t be possible. That sounds like a pretty good bargain for those who can manufacture these machines, but there is only one company that is able to do it, and that is ASML. For every generation of new EUV machinery, its yield becomes better with higher throughput and reduced downtime issues, meaning that ASML is effectively lightyears ahead of anyone who would try to pick up the gauntlet and challenge their dominant position.\nThis is an industry where everything is about process knowledge. Taiwan Semiconductor (TSM) is able to produce 5nm chips because it was able to produce 7nm, and it will be able to produce 3nm because it can produce 5nm and has done that a million times over which is also why it was so detrimental to Intel Corp (INTC) that it had to acknowledge its persistent issues with the 7nm technology.\nQuite simply, there is no 3nm if you can’t do the 5nm, as also discussed in my previous article. Same goes for ASML as a competitor would be years and years behind ASML if they entered the EUV space as they would struggle with the same issues that have plagued ASML in its early days of EUV more than a decade ago. I’ve included a number of illustrations from their most recent investor day which took place in November 2018, with the next one to take place in September 2021.\nASML Investor Day 2018, EUV Products and Business Opportunity, p. 6.\nThe picture above clearly illustrates the process knowledge having been picked up by ASML throughout its EUV lifetime. This has also translated into better EUV machinery for each new generation as also evident by its productivity improvements. Again, I can’t imagine a more favourable competitive situation for a company, given how much time and capital it would require for a competitor to adopt the EUV technology.\nASML Investor Day 2018, EUV Products and Business Opportunity, p. 16.\nSemiconductor manufacturing is a cutthroat business with heavy R&D spend (it took ASML €6 billion in R&D spend to invent EUV) driving chip improvements according to Moore’s law, meaning that ASML is already working on the next-gen technology, referred to as High NA-EUV. High NA-EUV is still some time away, with the timeline below being slightly outdated, but its technology will significantly improve the EUV platform and power the industry beyond this decade. It takes time to develop the technology, improve yield and reduce downtime, but there is still plenty of opportunities for EUV in terms of marketplace expansion and margin improvement.\nASML Investor Day 2018, EUV Products and Business Opportunity, p. 21.\nASML itself has laid out the expected path in terms of optimised margins through both add-ons facing the buyer side and upstream cost reductions facing their suppliers creating a sweet spot for the company effectively striving to achieve the same profitability profile as for its more mature DUV platform.\nASML Investor Day 2018, EUV Products and Business Opportunity, p. 25.\nIf that wasn’t good enough, then add the fact that the semiconductor industry in general is expected to outpace general GDP for at least until 2028 with a CAGR of 8.6%. Recentcommunicationsby Taiwan Semiconductor, Intel and Samsung Electronics Company (OTC:SSNLF) shows the strength and growth potential for the sector with their combined CAPEX expectations going beyond $200 billion for the coming decade, with a significant chunk of that within the coming years.\nAs can be seen in the illustration above, ASML expects increased customer value through upgrades, with their roadmap for DUV serving as an example in terms of how the revenue base could expand over the coming years for EUV as is the case for DUV via what the company has labelled installed base management.\nASML Investor Day 2018, DUV Products and Business Opportunity, p. 10.\nThere is of course always the possibility of a serious contender entering the marketplace in order to try and challenge ASML, but companies have tried to enter the space when the technology was in its infancy having given up, meaning the prime threat would be the emergence of a new lithography technology arriving and doing to EUV what EUV did to DUV. Possible sure, likely, not so much. Just to hammer down the point, I’ve inserted a paragraph from ASML’s own description of how lithography plays its role.\n\n “\n Lithography is a driving force in the creation of more powerful, faster and cheaper chips. The manufacturing of chips becomes increasingly complex as semiconductor feature sizes shrink, while the imperative to mass produce at the right cost remains. Our holistic lithography product portfolio helps to optimize production and enable affordable shrink by integrating lithography systems with computational modeling, as well as metrology and inspection solutions. A lithography system is essentially a projection system. Light is projected through a blueprint of the pattern that will be printed (known as a ‘mask’ or ‘reticle’). With the pattern encoded in the light, the system’s optics shrink and focus the pattern onto a photosensitive silicon wafer. After the pattern is printed, the system moves the wafer slightly and makes another copy on the wafer. This process is repeated until the wafer is covered in patterns, completing one layer of the wafer’s chips. To make an entire microchip, this process is repeated layer after layer, stacking the patterns to create an integrated circuit (IC). The simplest chips have around 10 layers, while the most complex can have over 150 layers. The size of the features to be printed varies depending on the layer, which means that different types of lithography systems are used for different layers – our latest-generation EUV systems for the most critical layers with the smallest features to ArF, KrF, and i-line DUV systems for less critical layers with larger features.”\n ASML Annual Report 2020, The Role Of Lithography, p. 12.\n\nASML Annual Report 2020, The Role Of Lithography, p. 12.\nI believe most investors are familiar with confirmation bias, and if they aren’t, they should grab a book and educate themselves. Having read through this section, it can easily sound as if I as the author is suffering from confirmation bias given how strongly I’ve advocated for ASML’s position and competitive power. However, I’ve striven towards identifying situations that could severely impact ASML and being honest I can’t find it. There are of course the risks associated with geopolitical tension, which also showed itself in the stock price back in 2016, the risk of supply chain disruption as is currently transpiring across the industry and competition for talent. These are touched upon by the company itself in their annual report 2020 p. 21 and no industry comes without potential risks.\nSo, to sum it all up:\n\nASML has pioneered EUV lithography, with no competitors in sight\nEUV will enable the continuation of Moore’s Law and will drive long term value for ASML and its customers well into this decade\nThe semiconductor sector forecasted to grow at CAGR of 8.6% through 2028, outpacing general GDP with ASML being a key supplier to the manufacturers (foundries)\nStrong industry CAPEX driving demand for ASML offerings\nThe path forward for expanding EUV business in terms of installed base management, margins improvement and manufacturer dependency on EUV machinery for leading edge chips\nASML is a crucial player for leading edge chip manufacturing\n\nSounds pretty good to me.\nThe Financial Performance and Development\nASML is doing well for itself as evident by the illustration below.\n\nStrong revenue growth\nStrong margin expansion\nStrong improvement in free cash flow\nImpressive operational improvements strengthening its moat through increased R&D spend and IP portfolio\n\nAnnual Report 2020, p 7.\nThis was followed by a strong Q1-2021 performance with mouth-watering financials on both top and bottom line. However, for their Q2-2021 performance they are guiding for slightly lower revenue expansion at €4.1 billion with a gross margin of 49%, which is still above the long term average but closer to it. There is however no denying that the company is thriving in the current environment.\nASML 2021 First-Quarter, p. 14.\nAn interesting detail is the development within the installed base management as illustrated earlier in the article. The company is delivering on its promise with a strong development within this segment growing 29% YoY from 2019 to 2020, well beyond the total growth of 18%.\nASML 2021 First-Quarter, p. 8.\nThe more interesting question however is whether the market estimates are underestimating the potential for ASML. An immensely hard question, but if we give it a look, I personally at least see the possibility of that being the case.\nAre Analyst Consensus Estimates Under- or Over-Estimating ASML’s Potential?\nASML is well-covered by analysts offering estimates all the way through 2028, but with coverage waning once we go beyond 2025 which is the last year covered by more than one analyst. The current estimates show a revenue CAGR development of 11.1% from 2020 to 2028, but if we remove 2021, which shows stellar growth, the CAGR is 6.5%.\nAuthor's Own Creation, Source Seeking Alpha.\nRemember the sector as a whole is forecasted to exhibit growth at a CAGR of 8.6% through 2028. These are all estimates which carry great uncertainty with no one able to reliably predict the future. However, it is worth noticing that revenue estimates for ASML are below the sector as a whole if the massive jump from 2020 to 2021 is left out of the equation. Average revenue growth from 2026 to 2028 is currently estimated to be 3.5%.\nConsidering some of the arguments in favour of why ASML’s outlook could be even more positive:\n\nGeneral semiconductor industry CAGR 2020-2028 forecasted at 8.6%.\nDUV CAGR 2020-2025forecastedat 8.4%, it is still ASML’s largest product category.\nEUV CAGR 2020-2027forecastedat 12%.\nASML is a linchpin player to solve chip shortage through technology advancement and its machines define the performance of every electrical gadget we utilise in our daily lives.\nASML shows progress in its plan to widen the ecosystem for its machinery through \"Installed Base Management\" increasing the total addressable market by upwards of double digits percentage as 2018 sales were 20% installed base management and 2025 estimate is 50%.\nASML dominates the DUV immersion segment, the part of DUV with high margins as its two solecompetitorsin DUV, Nikon and Canon lack the means and capabilities.\nAs the market transitions to EUV, the demand for DUV willfollowas the chip stacking process benefits from both systems through its manufacturing.\n\nThis is without mentioning the potential price increases that could trickle down towards its customers as they could be fighting over ASML’s capacity due to its strong market position of 85% in DUV and monopoly within EUV while also bringing High NA-EUV to market by mid of this decade. Customers today pay roughly $130-150 million for EUV machines, while DUV machines come in at around $100 million. The largest hindrance to ASML overdelivering is its current capacity constraint in terms of ability to deliver EUV systems which is capped somewhere between 40 and 50 systems a year, with the company of course striving to expand that capacity constraint as demand builds up over the years. On the other hand, this could also be a driver for price increases as ASML strives to expand capacity.\nI will not try to construct an even bolder revenue guidance as it’s a cheap shot and frankly, no one has the capacity to accurately forecast if the current expectations will stand or whether they are too positive or negative. I just want to highlight that with everything going on and ASML’s market position in mind, I don’t consider it unreasonable that the company will do even better than currently anticipated.\nValuation\nThe stock price is an inch away from its 52-week high and has been on a tear since the beginning of 2020, really taking off since October 2020 from which it has doubled since.\nData by YCharts\nMarket cap has exploded with all other parameters left in its wake having seen a significant expansion in price-earnings ratio despite a strong improvement in EPS and revenue. The stock market has long since recognised the story and potential of ASML with the Wall Street analyst target currently at $722 per share. Fair to say, there is no margin of safety if the analysts are correct in the predictions. Interestingly, out of the 30 analysts offering a price target, the percentage who are very bullish hasn’t been higher since 2016 with 56% stating a very bullish opinion. There is a mental exercise in staying cautious in terms of believing in such statements, not least because the stock has only known one direction for the last couple of years – upwards.\nThe significance of the expansion in typical ratios is evident when considered over a five-year horizon as shown below. Both P/E and P/S have expanded massively standing at 55 and 15.7 respectively. However, the company is in a very different place compared to three years ago.\nData by YCharts\nRevenue is growing significantly faster than previously with gross margin and free cash flow also having improved. Due to this positive development, ASML is also returning plenty of capital to its shareholders with a share buyback program of €10 billion for 2021, which unfortunately only translates to a reduction of 0.5% of the current float.\nData by YCharts\nThe strong belief in ASML going forward is also clearly illustrated by the estimates for the coming years, which throughout the most recent years has been steadily climbing due to the company’s strong portfolio and market dominance.\nData by YCharts\nWith all that said, I believe that current shareholders do well for themselves in holding on to their existing shares as this company has a great outlook. I’ve had my eyes on ASML for the last year, and I’m extremely sad to say I never got around to looking into it properly, but only looked it at from afar and concluded that the stock might be due for a good pullback at one point. Little did I know.\nAs Peter Lynch famously said, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves,” as would also be true for someone like me who didn’t act in time. I’m still massively fascinated by ASML’s outlook and potential journey, but at the current price, I remain hesitant about the prospects and the lack of margin of safety.\nThere is a lot of potential for ASML to grow into its valuation, and if one is to add that current levels, I’d say dollar-cost averaging is a prudent strategy for the current price, while reserving the possibility to back up the truck for a full load if we see a pullback before end of 2021.\nAs can be seen below, it is not uncommon for ASML to experience a 10% setback once or twice a year.\nData by YCharts\nConclusion\nASML is dominant within its two main offerings, the DUV and EUV lithography. Its market is backed by incredibly strong tailwinds as all our gadgets, electrical cars, 5G, datacentres, cloud servers, etc. are heavily reliant on the technology platform offered by ASML. A true innovator with no real competition in sight, feeding machinery and tools to an industry expected to grow at CAGR 8.6% through 2028 with potentially even stronger growth for both its DUV and EUV platforms while also expecting margin expansion.\nThere is little evil to be said about ASML, but unfortunately, the stock market has long since recognised its amazing story and potential. With such a strong outlook in sight, existing shareholders do well for themselves in holding onto their shares and just enjoy the journey ahead, but for the prospective shareholders, there appears to be a little margin of safety with the market cap having expanded significantly recently and the stock trading just an inch shy of its 52 week high.\nAs Peter Lynch said, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” The exact fallacy I’ve fallen victim to as I’ve looked at ASML from afar for quite a while. Despite the recent expansion in market cap and multiples, there could be made a case for current estimates underestimating ASML’s true potential, but any forecast extending 5-10 years into the future comes with extreme uncertainty and guesstimation. As I’ve shown, ASML’s share price is prone to setbacks once or twice a year allowing dollar-cost averaging to serve as a method to acquire exposure to the company slowly building a position along the way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047073494,"gmtCreate":1656840796218,"gmtModify":1676535902719,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047073494","repostId":"2248059548","repostType":4,"repost":{"id":"2248059548","pubTimestamp":1656812596,"share":"https://www.laohu8.com/m/news/2248059548?lang=&edition=full","pubTime":"2022-07-03 09:43","market":"us","language":"en","title":"Tesla Receives Recall Order From Germany for Models Y and 3","url":"https://stock-news.laohu8.com/highlight/detail?id=2248059548","media":"Bloomberg","summary":"Germany’s automotive regulator has called on Tesla Inc. to issue a recall for its models Y and 3 bec","content":"<html><head></head><body><p>Germany’s automotive regulator has called on Tesla Inc. to issue a recall for its models Y and 3 because of a technical problem in the cars’ emergency system.</p><p>The Federal Motor Transport Authority can only order a recall in Germany, but said on its website that a total of more than 59,000 Teslas would be affected worldwide.</p><p>The German agency identified a glitch with the cars’ emergency system, which should automatically call 911 in the US, or the relevant emergency line in other countries, in the event of a serious accident. Affected owners were told to call the manufacturer or drive to an authorized repair shop for a software update.</p><p>The notice was published on June 29 and reported by public broadcaster Rundfunk Berlin-Brandenburg on Saturday. The affected cars were produced this year and, according to RBB, include Model Y vehicles built at Tesla’s new factory near Berlin.</p><p>Model Y cars are also produced at the group’s plants in Fremont, California, and near Shanghai. Both factories also build the Model 3.</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>Tesla Receives Recall Order From Germany for Models Y and 3</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Receives Recall Order From Germany for Models Y and 3\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-03 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-07-02/tesla-receives-recall-order-from-germany-for-models-y-and-3><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Germany’s automotive regulator has called on Tesla Inc. to issue a recall for its models Y and 3 because of a technical problem in the cars’ emergency system.The Federal Motor Transport Authority can ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-02/tesla-receives-recall-order-from-germany-for-models-y-and-3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2022-07-02/tesla-receives-recall-order-from-germany-for-models-y-and-3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248059548","content_text":"Germany’s automotive regulator has called on Tesla Inc. to issue a recall for its models Y and 3 because of a technical problem in the cars’ emergency system.The Federal Motor Transport Authority can only order a recall in Germany, but said on its website that a total of more than 59,000 Teslas would be affected worldwide.The German agency identified a glitch with the cars’ emergency system, which should automatically call 911 in the US, or the relevant emergency line in other countries, in the event of a serious accident. Affected owners were told to call the manufacturer or drive to an authorized repair shop for a software update.The notice was published on June 29 and reported by public broadcaster Rundfunk Berlin-Brandenburg on Saturday. The affected cars were produced this year and, according to RBB, include Model Y vehicles built at Tesla’s new factory near Berlin.Model Y cars are also produced at the group’s plants in Fremont, California, and near Shanghai. Both factories also build the Model 3.","news_type":1},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9082980744,"gmtCreate":1650509492855,"gmtModify":1676534741734,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082980744","repostId":"2229668973","repostType":4,"repost":{"id":"2229668973","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":1650496627,"share":"https://www.laohu8.com/m/news/2229668973?lang=&edition=full","pubTime":"2022-04-21 07:17","market":"us","language":"en","title":"US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2229668973","media":"Reuters","summary":"* Procter & Gamble up on raising FY sales forecast* IBM gains on upbeat forecast, Q1 results beat* N","content":"<html><head></head><body><p>* Procter &amp; Gamble up on raising FY sales forecast</p><p>* <a href=\"https://laohu8.com/S/IBM\">IBM</a> gains on upbeat forecast, Q1 results beat</p><p>* Netflix slumps after Q1 subscriber loss</p><p>* Indexes: Dow up 0.71%, S&amp;P slips 0.06%, Nasdaq off 1.22%</p><p>The tech-heavy Nasdaq dropped on Wednesday as Netflix&#39;s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.</p><p>By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter &amp; Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.</p><p>Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.</p><p>The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.</p><p>Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.</p><p>Suffering financials included <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc and <a href=\"https://laohu8.com/S/SQ\">Block</a> Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.</p><p>&#34;Once profits move so far, it becomes harder to get that next little bit of growth, and it&#39;s harder to obtain it in the late cycle,&#34; said Jason Pride, chief investment officer of private wealth at Glenmede.</p><p>&#34;I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.&#34;</p><p>Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&amp;P 500 is down 6.4%.</p><p>Overall, the earnings season has started on a strong note. Of the 60 companies in the S&amp;P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.</p><p>The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&amp;P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.</p><p>The communication services sector declined 4.1%, although eight of the 11 major S&amp;P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.</p><p>Meanwhile, the latest data points on the Federal Reserve&#39;s monetary policy tightening plans were released in the afternoon.</p><p>Its &#34;Beige Book&#34; showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is &#34;complete&#34;.</p><p>The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.</p><p>Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.</p><p>Investors had been concerned about the electric automaker&#39;s ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city&#39;s COVID-19 lockdown.</p><p>United Airlines Holdings Inc gained 1.2%, helping the S&amp;P 1500 Airlines index to a sixth advance in the past seven sessions. United&#39;s shares dipped marginally after it reported earnings after the closing bell.</p><p>The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech</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\">\nUS STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech\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\">2022-04-21 07:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Procter &amp; Gamble up on raising FY sales forecast</p><p>* <a href=\"https://laohu8.com/S/IBM\">IBM</a> gains on upbeat forecast, Q1 results beat</p><p>* Netflix slumps after Q1 subscriber loss</p><p>* Indexes: Dow up 0.71%, S&amp;P slips 0.06%, Nasdaq off 1.22%</p><p>The tech-heavy Nasdaq dropped on Wednesday as Netflix&#39;s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.</p><p>By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter &amp; Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.</p><p>Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.</p><p>The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.</p><p>Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.</p><p>Suffering financials included <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc and <a href=\"https://laohu8.com/S/SQ\">Block</a> Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.</p><p>&#34;Once profits move so far, it becomes harder to get that next little bit of growth, and it&#39;s harder to obtain it in the late cycle,&#34; said Jason Pride, chief investment officer of private wealth at Glenmede.</p><p>&#34;I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.&#34;</p><p>Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&amp;P 500 is down 6.4%.</p><p>Overall, the earnings season has started on a strong note. Of the 60 companies in the S&amp;P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.</p><p>The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&amp;P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.</p><p>The communication services sector declined 4.1%, although eight of the 11 major S&amp;P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.</p><p>Meanwhile, the latest data points on the Federal Reserve&#39;s monetary policy tightening plans were released in the afternoon.</p><p>Its &#34;Beige Book&#34; showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is &#34;complete&#34;.</p><p>The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.</p><p>Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.</p><p>Investors had been concerned about the electric automaker&#39;s ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city&#39;s COVID-19 lockdown.</p><p>United Airlines Holdings Inc gained 1.2%, helping the S&amp;P 1500 Airlines index to a sixth advance in the past seven sessions. United&#39;s shares dipped marginally after it reported earnings after the closing bell.</p><p>The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4524":"宅经济概念","BK4108":"电影和娱乐","NFLX":"奈飞","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","BK4566":"资本集团","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229668973","content_text":"* Procter & Gamble up on raising FY sales forecast* IBM gains on upbeat forecast, Q1 results beat* Netflix slumps after Q1 subscriber loss* Indexes: Dow up 0.71%, S&P slips 0.06%, Nasdaq off 1.22%The tech-heavy Nasdaq dropped on Wednesday as Netflix's surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter & Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings Zoom Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.Suffering financials included PayPal Holdings Inc and Block Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.\"Once profits move so far, it becomes harder to get that next little bit of growth, and it's harder to obtain it in the late cycle,\" said Jason Pride, chief investment officer of private wealth at Glenmede.\"I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.\"Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&P 500 is down 6.4%.Overall, the earnings season has started on a strong note. Of the 60 companies in the S&P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.The communication services sector declined 4.1%, although eight of the 11 major S&P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.Meanwhile, the latest data points on the Federal Reserve's monetary policy tightening plans were released in the afternoon.Its \"Beige Book\" showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is \"complete\".The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.Investors had been concerned about the electric automaker's ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city's COVID-19 lockdown.United Airlines Holdings Inc gained 1.2%, helping the S&P 1500 Airlines index to a sixth advance in the past seven sessions. United's shares dipped marginally after it reported earnings after the closing bell.The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.The S&P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}