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2021-07-16

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SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO

2021-07-06

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2021-07-05

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Goldman has some option plays to trade the start of earnings season

2021-06-30

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2021-06-23

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Temasek-backed software startup Sprinklr raises US$266m in downsized US IPO

2021-06-21

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2021-05-13

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Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says

2021-05-12

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2021-05-12

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The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.</p>\n<p>Formally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.</p>\n<p>Paytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.</p>\n<p>Read more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up</p>\n<p>Zomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.</p>\n<p>Paytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.</p>\n<p>Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.</p>\n<p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.</p>\n<p>In fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">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","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175495442","content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","news_type":1},"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154426000,"gmtCreate":1625540262800,"gmtModify":1703743330169,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154426000","repostId":"1116255026","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155440196,"gmtCreate":1625450542115,"gmtModify":1703741924237,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155440196","repostId":"1101940002","repostType":4,"repost":{"id":"1101940002","pubTimestamp":1625449020,"share":"https://www.laohu8.com/m/news/1101940002?lang=&edition=full","pubTime":"2021-07-05 09:37","market":"hk","language":"en","title":"Goldman has some option plays to trade the start of earnings season","url":"https://stock-news.laohu8.com/highlight/detail?id=1101940002","media":"CNBC","summary":"Corporate earnings season is set to pick up steam later this month, and investors can prepare by buy","content":"<div>\n<p>Corporate earnings season is set to pick up steam later this month, and investors can prepare by buying options for several major stocks, according to Goldman Sachs.\nThe firm’s derivatives research ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/04/goldman-has-some-option-plays-to-trade-the-start-of-earnings-season.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman has some option plays to trade the start of earnings season</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman has some option plays to trade the start of earnings season\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/04/goldman-has-some-option-plays-to-trade-the-start-of-earnings-season.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Corporate earnings season is set to pick up steam later this month, and investors can prepare by buying options for several major stocks, according to Goldman Sachs.\nThe firm’s derivatives research ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/04/goldman-has-some-option-plays-to-trade-the-start-of-earnings-season.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.cnbc.com/2021/07/04/goldman-has-some-option-plays-to-trade-the-start-of-earnings-season.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101940002","content_text":"Corporate earnings season is set to pick up steam later this month, and investors can prepare by buying options for several major stocks, according to Goldman Sachs.\nThe firm’s derivatives research team published its weekly options plays, with a focus on established companies that report earnings in mid-July. The options suggested are call options, which give the trader the chance to buy a stock at a set price before the expiration date.\nWith call options, traders can make money when the stock price exceeds the option’s strike price. The risk to the trader is capped at the cost of the premium paid to purchase the option. Call options with strike prices that are close to or even below the current price tend to carry higher premiums.\nThe first pick from Goldman’s team isMorgan Stanley. The bank stock has been roughly flat over the past month and has a quiet outlook among options traders, creating upside in case of a positive surprise, Goldman said.\n“MS one month implied volatility of 27 is in its 36th percentile relative to the past two years and only 2 points above one month realized volatility. The stock has underperformed the broad S&P 500 by 7% over the past month (-1% vs XLF), driving up the potential for a reversion in performance following earnings,” the note said.Goldman recommended buying the $91 calls for Morgan Stanley that expire July 21. The stock was already trading slightly above that strike price on Friday.\nThe bank is scheduled to report its second quarter earnings on July 15.\nAnother interesting options play with upcoming earnings isPepsiCo. The snack and beverage company could report better-than-expected results on July 13 and forecast stronger growth in the months ahead, according to Goldman.\n“At the earnings call, [Goldman analyst Bonnie Herzog] sees potential for more bullish commentary for the rest of the year, while longer term, she sees PEP well positioned for growth, given its strong brand portfolio (esp. Frito Lay) and long-term opportunities in Beverages,” the note said.\nShares of PepsiCo have barely budged in 2021, and were trading just under $150 per share on Friday. Goldman recommended buying the $147 per share calls that expire on July 21.\n-CNBC’s Michael Bloom contributed to this report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151331790,"gmtCreate":1625063453210,"gmtModify":1703735265134,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151331790","repostId":"1197424193","repostType":4,"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123782004,"gmtCreate":1624439282008,"gmtModify":1703836717086,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123782004","repostId":"1146909987","repostType":4,"repost":{"id":"1146909987","pubTimestamp":1624438496,"share":"https://www.laohu8.com/m/news/1146909987?lang=&edition=full","pubTime":"2021-06-23 16:54","market":"us","language":"en","title":"Temasek-backed software startup Sprinklr raises US$266m in downsized US IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1146909987","media":"BLOOMBERG","summary":"[SAN FRANCISCO] Sprinklr, a customer experience software maker, raised US$266 million after pricing ","content":"<p>[SAN FRANCISCO] Sprinklr, a customer experience software maker, raised US$266 million after pricing its US initial public offering (IPO) below a marketed range and cutting the number of shares sold.</p>\n<p>The company priced 16.6 million shares on Tuesday at US$16 each after marketing 19 million shares for US$18 to US$20 apiece, according to a statement.</p>\n<p>At US$16 a share, Sprinklr has a market value of about US$4 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.</p>\n<p>Sprinklr was last valued at US$2.7 billion when it raised financing last year, according to data provider PitchBook.</p>\n<p>Sprinklr works with clients such as Microsoft, McDonald's and Cisco Systems to help brands interact with customers online. Its software offerings include social media management, social advertising and content marketing.</p>\n<p>Its top investors include Hellman &amp; Friedman, Battery Ventures and Iconiq Strategic Partners, which together will control more than half of the shareholder voting power after the IPO, according to the filing.</p>\n<p>Sprinklr had US$387 million in revenue for the year ended Jan 31, up from US$324 million during the same period the year before, according to its filings. The company had a net loss of US$41 million for the period, up from US$39 million last year.</p>\n<p>The offering is being led by Morgan Stanley, JPMorgan Chase &amp; Co, Barclays and Wells Fargo &amp; Co. Sprinklr's shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol CXM.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed software startup Sprinklr raises US$266m in downsized US IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed software startup Sprinklr raises US$266m in downsized US IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 16:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/garage/temasek-backed-software-startup-sprinklr-raises-us266m-in-downsized-us-ipo><strong>BLOOMBERG</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[SAN FRANCISCO] Sprinklr, a customer experience software maker, raised US$266 million after pricing its US initial public offering (IPO) below a marketed range and cutting the number of shares sold.\n...</p>\n\n<a href=\"https://www.businesstimes.com.sg/garage/temasek-backed-software-startup-sprinklr-raises-us266m-in-downsized-us-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CXM":"Sprinklr, Inc."},"source_url":"https://www.businesstimes.com.sg/garage/temasek-backed-software-startup-sprinklr-raises-us266m-in-downsized-us-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146909987","content_text":"[SAN FRANCISCO] Sprinklr, a customer experience software maker, raised US$266 million after pricing its US initial public offering (IPO) below a marketed range and cutting the number of shares sold.\nThe company priced 16.6 million shares on Tuesday at US$16 each after marketing 19 million shares for US$18 to US$20 apiece, according to a statement.\nAt US$16 a share, Sprinklr has a market value of about US$4 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.\nSprinklr was last valued at US$2.7 billion when it raised financing last year, according to data provider PitchBook.\nSprinklr works with clients such as Microsoft, McDonald's and Cisco Systems to help brands interact with customers online. Its software offerings include social media management, social advertising and content marketing.\nIts top investors include Hellman & Friedman, Battery Ventures and Iconiq Strategic Partners, which together will control more than half of the shareholder voting power after the IPO, according to the filing.\nSprinklr had US$387 million in revenue for the year ended Jan 31, up from US$324 million during the same period the year before, according to its filings. The company had a net loss of US$41 million for the period, up from US$39 million last year.\nThe offering is being led by Morgan Stanley, JPMorgan Chase & Co, Barclays and Wells Fargo & Co. Sprinklr's shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol CXM.","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167102048,"gmtCreate":1624250391684,"gmtModify":1703831588207,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167102048","repostId":"2145088542","repostType":4,"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198982301,"gmtCreate":1620918676503,"gmtModify":1704350524875,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"oic","listText":"oic","text":"oic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198982301","repostId":"1164484222","repostType":4,"repost":{"id":"1164484222","pubTimestamp":1620914209,"share":"https://www.laohu8.com/m/news/1164484222?lang=&edition=full","pubTime":"2021-05-13 21:56","market":"us","language":"en","title":"Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says","url":"https://stock-news.laohu8.com/highlight/detail?id=1164484222","media":"cnbc","summary":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the la","content":"<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech could have 10% more downside, but ‘don’t give up’ on the group, longtime investor Paul Meeks says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html\">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"},"source_url":"https://www.cnbc.com/2021/05/13/tech-may-see-another-10percent-drop-but-dont-give-up-on-group-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1164484222","content_text":"Is tech’s turmoil here to stay?Paul Meeks, who ran the world’s largest technology fund during the late 1990s, saidthe group’s recent pullbackcould worsen amid concerns around rising inflation and interest rates.\"The carnage that we've seen over the last couple of days unfortunately could only be the start of it,\" the portfolio manager at Independent Solutions Wealth Management said Wednesday on CNBC's\"Trading Nation.\"U.S. stock futuresappeared to rebound early on Thursday, with large-cap tech names turning theNasdaq Compositepositive for the week.\"We've already had a beating in the tech sector close to about 10%. I think we could easily do another 10%\" despite strong earnings and guidance from major tech companies, Meeks said.Meeks, who manages over $800 million in assets, added that tech's near-term future was \"very difficult to predict\" because investors are focused on how inflation and interest rates will impact the sector — not its own relatively healthy fundamentals.\"Don't give up on tech. It's always the most innovative companies on the planet Earth. It's always where you want to be,\" he said. \"They're going to have some great buying opportunities. But it's going to be a bit lower.\"In terms of where to invest, Meeks recently turned positive on a space he once deemed too speculative: cryptocurrencies.While he advised against investing in the cryptocoins themselves, derivative plays such asSquare,PayPalandCoinbasecould offer investors some upside, he said.\"I like those plays. And I do, long term, like the semiconductor trade,\" he said. \"Not short term, because it's highly volatile, but long term, I do likeMicronvery much andApplied Materials, which is a maker of semiconductor equipment.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193729969,"gmtCreate":1620822457851,"gmtModify":1704348895785,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193729969","repostId":"1154735458","repostType":4,"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193764151,"gmtCreate":1620822156273,"gmtModify":1704348891745,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/193764151","repostId":"1199419646","repostType":4,"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":154426000,"gmtCreate":1625540262800,"gmtModify":1703743330169,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154426000","repostId":"1116255026","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155440196,"gmtCreate":1625450542115,"gmtModify":1703741924237,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155440196","repostId":"1101940002","repostType":4,"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170825722,"gmtCreate":1626421814866,"gmtModify":1703759851056,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170825722","repostId":"1175495442","repostType":4,"repost":{"id":"1175495442","pubTimestamp":1626420088,"share":"https://www.laohu8.com/m/news/1175495442?lang=&edition=full","pubTime":"2021-07-16 15:21","market":"us","language":"en","title":"SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1175495442","media":"Bloomberg","summary":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking","content":"<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.</p>\n<p>The startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.</p>\n<p>Formally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.</p>\n<p>Paytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.</p>\n<p>Read more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up</p>\n<p>Zomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.</p>\n<p>Paytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.</p>\n<p>Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.</p>\n<p>Paytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.</p>\n<p>In fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank-Backed Paytm Targets Record $2.2 Billion India IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftBank-Backed Paytm Targets Record $2.2 Billion India IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup ...</p>\n\n<a href=\"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html\">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","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/india-paytm-seeks-approval-2-053722734.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175495442","content_text":"(Bloomberg) -- Paytm, the Indian digital payments pioneer backed by SoftBank Group Corp., is seeking approval for a $2.2 billion initial public offering that could be India’s largest.\nThe startup backed also by Berkshire Hathaway Inc. and Jack Ma’s Ant Group Co. plans to raise as much as 166 billion rupees ($2.2 billion) from its share sale. The IPO will include an equal amount of new and secondary shares, according to a Draft Red Herring Prospectus filed with the regulator on Friday.\nFormally called One97 Communications Ltd., Paytm hopes to tap the same strong investor demand that’s propping up fellow unicorn Zomato Ltd.’s hugely popular share sale. That’s despite the company reporting Friday a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount. Its core payment and financial services arm, however, grew 11%.\nPaytm hopes to capitalize on the rising popularity among investors of internet-based consumer companies, after the pandemic fueled the worldwide adoption of digital technologies. Blackrock Inc. and Fidelity International Ltd. were among the dozens of anchor investors that piled into Zomato’s float, resulting in the company receiving about 35 times more bids than it had expected to sell, people with knowledge of the matter said earlier.\nRead more: Zomato $1.3 Billion IPO Fully Sold as India Unicorns Line Up\nZomato and Paytm are coming to a market already enjoying blockbuster listings for a few months. About $5.6 billion has been raised in initial public offerings on Indian stock exchanges so far in 2021, according to data compiled by Bloomberg. UBS Group AG expects the annual tally to be more than double last year’s $4.6 billion.\nPaytm was last valued at $16 billion, according to researcher CB Insights. If it hits its target, the IPO would be the country’s largest stock market debut ever, surpassing the more than 150 billion rupees raised during the debut of state-owned Coal India Ltd.\nBanks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. are running the share sale. Paytm may consider a pre-IPO placement of up to 20 billion rupees, it said.\nPaytm, led by founder and Chief Executive Officer Vijay Shekhar Sharma, has been focusing on ramping up revenue and monetizing its services over the past year. It’s expanded beyond digital payments into banking, credit cards, financial services, wealth management and digital wallets. It also supports India’s financial payments backbone, the Unified Payments Interface or UPI. Its Paytm Mall, however, has in past years steadily ceded share to Flipkart and Amazon, which are aggressively courting merchants and buyers.\nIn fintech, Paytm has fended off stiff competition from a swath of global players including Walmart-owned PhonePe, Google Pay, Amazon Pay as well as Facebook Inc.’s WhatsApp Pay. It still has the biggest market share of India’s merchant payments, with over 20 million merchant partners in its network. Its users make 1.4 billion monthly transactions, according to numbers in a recent company blogpost.","news_type":1},"isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193764151,"gmtCreate":1620822156273,"gmtModify":1704348891745,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/193764151","repostId":"1199419646","repostType":4,"repost":{"id":"1199419646","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":1620821174,"share":"https://www.laohu8.com/m/news/1199419646?lang=&edition=full","pubTime":"2021-05-12 20:06","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1199419646","media":"Tiger Newspress","summary":"Futures fall with tech sell-off set to resume.All eyes on inflation data.Big Tech stocks fell, most of Blockchain stocks fell. U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nv","content":"<ul><li>Futures fall with tech sell-off set to resume.</li><li>All eyes on inflation data.</li><li>Big Tech&nbsp;stocks&nbsp;fell,&nbsp;most of Blockchain stocks fell.</li></ul><p>(May 12)&nbsp;U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.</p><p>At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&amp;P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.</p><p><img src=\"https://static.tigerbbs.com/5120147b1b1b1b2e4ba5ee22f2a9c5b1\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p>Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.</p><p><img src=\"https://static.tigerbbs.com/cbe33e7abdc1ecc97adbbadcf3eb22cc\" tg-width=\"334\" tg-height=\"325\" referrerpolicy=\"no-referrer\"></p><p>The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.</p><p>Most of Blockchain stocks fell&nbsp;in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/74c735d31c0161adccf2cf269531fde7\" tg-width=\"330\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p><b>All eyes on inflation data.</b>&nbsp;The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.</p><p>The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.</p><p>On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.</p><p><b>Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade &amp; more</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.</p><p><b>2)&nbsp;Wendy’s(WEN)</b> – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.</p><p><b>3)&nbsp;fuboTV(FUBO)</b> – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.</p><p><img src=\"https://static.tigerbbs.com/de2c0847cbfcd4b46e6438368340ca8a\" tg-width=\"766\" tg-height=\"494\"></p><p><b>4)&nbsp;Wolverine World Wide(WWW)</b> – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.</p><p><b>5)&nbsp;Electronic Arts(EA)</b> – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.</p><p><b>6)&nbsp;Intuit(INTU)</b> – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.</p><p><b>7)&nbsp;Vizio(VZIO)</b> – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.</p><p><b>8)&nbsp;QuantumScape(QS)</b> – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.</p><p><b>9)&nbsp;Diageo(DEO)</b> – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.</p><p><b>10)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.</p><p><b>11)&nbsp;Kontoor Brands(KTB)</b> – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.</p><p><b>12)&nbsp;Lemonade(LMND) </b>– The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.</p><p><b>13)&nbsp;Unity Software(U)</b> – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-12 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Futures fall with tech sell-off set to resume.</li><li>All eyes on inflation data.</li><li>Big Tech&nbsp;stocks&nbsp;fell,&nbsp;most of Blockchain stocks fell.</li></ul><p>(May 12)&nbsp;U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.</p><p>At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&amp;P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.</p><p><img src=\"https://static.tigerbbs.com/5120147b1b1b1b2e4ba5ee22f2a9c5b1\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p>Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.</p><p><img src=\"https://static.tigerbbs.com/cbe33e7abdc1ecc97adbbadcf3eb22cc\" tg-width=\"334\" tg-height=\"325\" referrerpolicy=\"no-referrer\"></p><p>The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.</p><p>Most of Blockchain stocks fell&nbsp;in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/74c735d31c0161adccf2cf269531fde7\" tg-width=\"330\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p><b>All eyes on inflation data.</b>&nbsp;The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.</p><p>The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.</p><p>On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.</p><p><b>Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade &amp; more</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.</p><p><b>2)&nbsp;Wendy’s(WEN)</b> – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.</p><p><b>3)&nbsp;fuboTV(FUBO)</b> – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.</p><p><img src=\"https://static.tigerbbs.com/de2c0847cbfcd4b46e6438368340ca8a\" tg-width=\"766\" tg-height=\"494\"></p><p><b>4)&nbsp;Wolverine World Wide(WWW)</b> – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.</p><p><b>5)&nbsp;Electronic Arts(EA)</b> – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.</p><p><b>6)&nbsp;Intuit(INTU)</b> – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.</p><p><b>7)&nbsp;Vizio(VZIO)</b> – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.</p><p><b>8)&nbsp;QuantumScape(QS)</b> – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.</p><p><b>9)&nbsp;Diageo(DEO)</b> – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.</p><p><b>10)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.</p><p><b>11)&nbsp;Kontoor Brands(KTB)</b> – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.</p><p><b>12)&nbsp;Lemonade(LMND) </b>– The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.</p><p><b>13)&nbsp;Unity Software(U)</b> – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199419646","content_text":"Futures fall with tech sell-off set to resume.All eyes on inflation data.Big Tech stocks fell, most of Blockchain stocks fell.(May 12) U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.Most of Blockchain stocks fell in premarket trading.All eyes on inflation data. The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade & more1) Amazon.com(AMZN) – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.2) Wendy’s(WEN) – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.3) fuboTV(FUBO) – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.4) Wolverine World Wide(WWW) – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.5) Electronic Arts(EA) – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.6) Intuit(INTU) – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.7) Vizio(VZIO) – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.8) QuantumScape(QS) – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.9) Diageo(DEO) – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.10) Lordstown Motors(RIDE) – Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.11) Kontoor Brands(KTB) – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.12) Lemonade(LMND) – The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.13) Unity Software(U) – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123782004,"gmtCreate":1624439282008,"gmtModify":1703836717086,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123782004","repostId":"1146909987","repostType":4,"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167102048,"gmtCreate":1624250391684,"gmtModify":1703831588207,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167102048","repostId":"2145088542","repostType":4,"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193729969,"gmtCreate":1620822457851,"gmtModify":1704348895785,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193729969","repostId":"1154735458","repostType":4,"repost":{"id":"1154735458","pubTimestamp":1620820511,"share":"https://www.laohu8.com/m/news/1154735458?lang=&edition=full","pubTime":"2021-05-12 19:55","market":"us","language":"en","title":"GameStop: Why The 'Blockbuster' Of Gaming Will Eventually Fail","url":"https://stock-news.laohu8.com/highlight/detail?id=1154735458","media":"seekingalpha","summary":"Summary\n\nGameStop has been a highly debated stock after a surge of retail interest turned the compan","content":"<p><b>Summary</b></p>\n<ul>\n <li>GameStop has been a highly debated stock after a surge of retail interest turned the company into a \"meme stock\" and drove shares into triple figures.</li>\n <li>The company is pivoting to e-commerce and has admittedly cleaned up its balance sheet nicely.</li>\n <li>The long-term problem is that the company faces margin pressures from a number of angles. The current valuation and business challenges present a \"lose/lose\" outcome to investors.</li>\n</ul>\n<p>Now considered a \"meme stock\"; gaming retail company GameStop Corp.(NYSE:GME)has seen volatility in its share price over the past year. The stock has bounced between a vast range from low single digits, to more than $480 per share. While much of the excitement has faded away, the stock still trades at more than $140 per share. A business transformation is underway, led by Ryan Cohen, the former CEO and co-founder of animal products e-commerce leader Chewy(NYSE:CHWY). This has many retail investors holding shares in anticipation of a long term rebirth, with GameStop becoming an e-commerce titan of the gaming industry.</p>\n<p>Unfortunately, the data doesn't point to this outcome. While the company has stabilized itself and now operates on a debt free basis, the company's needed capital investments to flesh out an e-commerce strategy in addition to secular tailwinds lead me to believe that GameStop will be unable to sustain long term profitability. In the event of successful execution, the valuation will take many years to be justified. For these reasons, GameStop is a very poor long term investment. We will outline our bearish thesis below.</p>\n<p><b>GameStop Forced To Go To E-Commerce</b></p>\n<p>GameStop has long been known among consumers as a brick and mortar centric video game retailer. When I was growing up (I'm now in my early 30s), I used to camp out in front of GameStop at midnight, waiting with friends for the latest release of our favorite games. While you could get games at nearly any retailer, the ability to trade in old games for store credit, and large product selection found at a gaming focused store such as GameStop was compelling for me as a gamer.</p>\n<p>Today, the way in which gaming is delivered to the consumer is far different. In many cases, games can be purchased (and pre-ordered) digitally. Fast internet speeds mean that games can be downloaded and played within minutes or sometimes a few hours. The rise of Amazon has brought the shopping experience to one's fingertips.</p>\n<p>These secular changes have slowly deteriorated GameStop's store traffic and resulting revenues.</p>\n<p><img src=\"https://static.tigerbbs.com/d0690d871cc1287d7d877083b48b74d0\" tg-width=\"640\" tg-height=\"377\">source: YCharts</p>\n<p>This significant decline in GameStop's business has forced the company to evolve, and begin the journey of shifting towards an e-commerce model. This has been led by an activist investor in Chewy co-founder Ryan Cohen, who got involved with GameStop in September of 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/084ae308b6cc58704e8982e61b213408\" tg-width=\"640\" tg-height=\"162\">source: GameStop Corp.</p>\n<p>The company's plan is to strip costs out of the business by closing stores, cutting expenses, and devoting its resources to optimizing its product footprint while fleshing out the logistics needed for an e-commerce centric market strategy. These efforts remain in-motion. The company has closed roughly 1,000 stores through the end of 2020, andrecently leaseda 700K square-foot facility that will serve as a fulfillment center.</p>\n<p>To GameStop's credit, the business has seen signs of improvement. The company is currently debt free.</p>\n<p><img src=\"https://static.tigerbbs.com/575ba6c4954d66961e0a8550dcf561af\" tg-width=\"640\" tg-height=\"369\">source: YCharts</p>\n<p>The company has also raised capital with a timely equity raise in early 2021. GameStop raised $551 million on 3.5 million shares, averaging a price per share of $157. Considering the company has repurchased more than a third of its stock since spring 2019 at an average of $5.21/share, this is a phenomenal move on GameStop's part. This newfound capital will be needed as the company's transformation efforts are far from over.</p>\n<p>Multiple Margin Pressures Threaten Profitability</p>\n<p>While successful e-commerce models can be powerful, the formation of the e-commerce model can be costly. Infrastructure needs to be put into place, and the digital marketplace brings competition from all over.</p>\n<p>GameStop's financials are in a much better place at present. However over the long term, its largest challenge in pivoting to e-commerce is making the model profitable over the long term. There are a number of concerns I have about GameStop's ability to do this.</p>\n<p><b>Smaller Scale</b></p>\n<p>E-commerce is a \"cut-throat\" business, where scale is your friend. GameStop is seeking an e-commerce model that will pit it against much larger competitors such as Amazon (AMZN), Walmart (WMT), and Target (TGT). These companies have significantly higher scale than GameStop, including larger revenues (and balance sheets).</p>\n<p>In a retail space where the product is commoditized (gaming hardware/software is the same regardless of where you buy from unless a developer partnership is in place), there is not room for much mark-up and the larger players can take more \"pain\" to take/protect market share.</p>\n<p><b>Product Mix</b></p>\n<p>Another concern I have with GameStop is the company's product mix moving forward. Game distribution continues to move increasingly digital, and is a trend that I don't see reversing. It's simply far too convenient for gamers because they can buy/pre-order a game, and it can be downloaded relatively quickly thanks to faster internet speeds available today.</p>\n<p>This has been reinforced by console makers. The Xbox Series S lacks a disc drive, and the PlayStation 5 also offers a variant that does not include a disc drive.</p>\n<p>GameStop knows that software sales are in secular decline, and has indicated an intention to focus on hardware and accessories including:</p>\n<ul>\n <li>Computers</li>\n <li>Monitors</li>\n <li>Game Tables</li>\n <li>Mobile Gaming</li>\n <li>Gaming TVs</li>\n</ul>\n<p>The problem for GameStop, is that these declining software sales carried the highest margins for the company.</p>\n<p>From GameStop's 2020Q4 earnings call:</p>\n<blockquote>\n <i>\"From a product margin standpoint, overall gross margins were 21.1%, down 610 basis points from our more software-led 27.2% gross margin in the fiscal fourth quarter last year. The decline was driven by an expected increase in mix of lower margin hardware sales, a continued increase in industry-wide freight costs, credit card processing fees driven by our higher penetration of e-commerce sales, and a broader promotional stance.\"</i>\n</blockquote>\n<p>So GameStop is pivoting to lower margin, higher cost items - probably because it knows it has to. This isn't to say that GameStop can't pull it off, but the conflict is quite obvious.</p>\n<p><b>GameStop Needs To Repair Its Brand Image</b></p>\n<p>Perhaps the largest question mark I have about GameStop - even more than the economics of its future business model, is the company's branding. GameStop talks about being this gamer-centric, customer driven model that consumers love.</p>\n<p>However, this doesn't seem to be the current state of GameStop's brand. The company has been poked fun at on the internet for its \"low-ball\" offers on gamer trade-ins.</p>\n<p>GameStop also possesses a NPS (net promoter score) of -6according to Comparably. As a gamer myself, I had a \"bad taste\" in my mouth when sourcing my Xbox Series X. GameStop often tied its inventory of next-generation consoles to large expansive bundles that included high margin games and accessories that many consumers didn't want. If GameStop expects to become a modernized \"go-to\" shopping experience for gamers, they have work to do in the brand power department.</p>\n<p><b>The Long Path To Profitability Is Too Large A Risk</b></p>\n<p>GameStop can certainly address these concerns over time. The company's recent equity raise if anything, buys them time to try and execute this transition. This is also asking investors in GameStop to take on risk. While shares of GameStop have pulled back considerably, the stock still trades at $143 per share, multiples of what it did as recently as the beginning of the year.</p>\n<p><img src=\"https://static.tigerbbs.com/fcc11261f3b8202eaa6b86d9f99c97b0\" tg-width=\"640\" tg-height=\"375\">source: YCharts</p>\n<p>The company is not a growth stock, and therefore should be valued on earnings. But GameStop is losing money, and will not turn a profit anytime soon. Analysts see the company steadily getting closer to break even, breaking that barrier in FY2024 (three years from now).</p>\n<p><img src=\"https://static.tigerbbs.com/fa4040ac389c6925d97545645ac30c98\" tg-width=\"640\" tg-height=\"226\">source: Seeking Alpha</p>\n<p>But if GameStop achieves 2024 estimates of earning $1.35 per share, that means that the stock's current valuation is a whopping 106X 2024 earnings(!). Investing is about risk and reward, and I can't make the case to pay that valuation. Investors have to essentially give up the opportunity cost of investing elsewhere over this time frame, hope that GameStop can execute successfully, and then wait longer for the business to grow into its valuation over a 5+ year time horizon. Frankly, it seems silly.</p>\n<p><b>Wrapping Up</b></p>\n<p>When you put all of this together, GameStop offers a terrible risk/reward to investors. In a worst case scenario, GameStop fails to execute its e-commerce model and goes out of business. In a best case scenario, investors will wait years to justify the current valuation. When the outcome is lose/lose, I would rather not play at all.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop: Why The 'Blockbuster' Of Gaming Will Eventually Fail</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop: Why The 'Blockbuster' Of Gaming Will Eventually Fail\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-12 19:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4427260-gamestop-why-blockbuster-gaming-eventually-fail><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nGameStop has been a highly debated stock after a surge of retail interest turned the company into a \"meme stock\" and drove shares into triple figures.\nThe company is pivoting to e-commerce ...</p>\n\n<a href=\"https://seekingalpha.com/article/4427260-gamestop-why-blockbuster-gaming-eventually-fail\">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"},"source_url":"https://seekingalpha.com/article/4427260-gamestop-why-blockbuster-gaming-eventually-fail","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1154735458","content_text":"Summary\n\nGameStop has been a highly debated stock after a surge of retail interest turned the company into a \"meme stock\" and drove shares into triple figures.\nThe company is pivoting to e-commerce and has admittedly cleaned up its balance sheet nicely.\nThe long-term problem is that the company faces margin pressures from a number of angles. The current valuation and business challenges present a \"lose/lose\" outcome to investors.\n\nNow considered a \"meme stock\"; gaming retail company GameStop Corp.(NYSE:GME)has seen volatility in its share price over the past year. The stock has bounced between a vast range from low single digits, to more than $480 per share. While much of the excitement has faded away, the stock still trades at more than $140 per share. A business transformation is underway, led by Ryan Cohen, the former CEO and co-founder of animal products e-commerce leader Chewy(NYSE:CHWY). This has many retail investors holding shares in anticipation of a long term rebirth, with GameStop becoming an e-commerce titan of the gaming industry.\nUnfortunately, the data doesn't point to this outcome. While the company has stabilized itself and now operates on a debt free basis, the company's needed capital investments to flesh out an e-commerce strategy in addition to secular tailwinds lead me to believe that GameStop will be unable to sustain long term profitability. In the event of successful execution, the valuation will take many years to be justified. For these reasons, GameStop is a very poor long term investment. We will outline our bearish thesis below.\nGameStop Forced To Go To E-Commerce\nGameStop has long been known among consumers as a brick and mortar centric video game retailer. When I was growing up (I'm now in my early 30s), I used to camp out in front of GameStop at midnight, waiting with friends for the latest release of our favorite games. While you could get games at nearly any retailer, the ability to trade in old games for store credit, and large product selection found at a gaming focused store such as GameStop was compelling for me as a gamer.\nToday, the way in which gaming is delivered to the consumer is far different. In many cases, games can be purchased (and pre-ordered) digitally. Fast internet speeds mean that games can be downloaded and played within minutes or sometimes a few hours. The rise of Amazon has brought the shopping experience to one's fingertips.\nThese secular changes have slowly deteriorated GameStop's store traffic and resulting revenues.\nsource: YCharts\nThis significant decline in GameStop's business has forced the company to evolve, and begin the journey of shifting towards an e-commerce model. This has been led by an activist investor in Chewy co-founder Ryan Cohen, who got involved with GameStop in September of 2020.\nsource: GameStop Corp.\nThe company's plan is to strip costs out of the business by closing stores, cutting expenses, and devoting its resources to optimizing its product footprint while fleshing out the logistics needed for an e-commerce centric market strategy. These efforts remain in-motion. The company has closed roughly 1,000 stores through the end of 2020, andrecently leaseda 700K square-foot facility that will serve as a fulfillment center.\nTo GameStop's credit, the business has seen signs of improvement. The company is currently debt free.\nsource: YCharts\nThe company has also raised capital with a timely equity raise in early 2021. GameStop raised $551 million on 3.5 million shares, averaging a price per share of $157. Considering the company has repurchased more than a third of its stock since spring 2019 at an average of $5.21/share, this is a phenomenal move on GameStop's part. This newfound capital will be needed as the company's transformation efforts are far from over.\nMultiple Margin Pressures Threaten Profitability\nWhile successful e-commerce models can be powerful, the formation of the e-commerce model can be costly. Infrastructure needs to be put into place, and the digital marketplace brings competition from all over.\nGameStop's financials are in a much better place at present. However over the long term, its largest challenge in pivoting to e-commerce is making the model profitable over the long term. There are a number of concerns I have about GameStop's ability to do this.\nSmaller Scale\nE-commerce is a \"cut-throat\" business, where scale is your friend. GameStop is seeking an e-commerce model that will pit it against much larger competitors such as Amazon (AMZN), Walmart (WMT), and Target (TGT). These companies have significantly higher scale than GameStop, including larger revenues (and balance sheets).\nIn a retail space where the product is commoditized (gaming hardware/software is the same regardless of where you buy from unless a developer partnership is in place), there is not room for much mark-up and the larger players can take more \"pain\" to take/protect market share.\nProduct Mix\nAnother concern I have with GameStop is the company's product mix moving forward. Game distribution continues to move increasingly digital, and is a trend that I don't see reversing. It's simply far too convenient for gamers because they can buy/pre-order a game, and it can be downloaded relatively quickly thanks to faster internet speeds available today.\nThis has been reinforced by console makers. The Xbox Series S lacks a disc drive, and the PlayStation 5 also offers a variant that does not include a disc drive.\nGameStop knows that software sales are in secular decline, and has indicated an intention to focus on hardware and accessories including:\n\nComputers\nMonitors\nGame Tables\nMobile Gaming\nGaming TVs\n\nThe problem for GameStop, is that these declining software sales carried the highest margins for the company.\nFrom GameStop's 2020Q4 earnings call:\n\n\"From a product margin standpoint, overall gross margins were 21.1%, down 610 basis points from our more software-led 27.2% gross margin in the fiscal fourth quarter last year. The decline was driven by an expected increase in mix of lower margin hardware sales, a continued increase in industry-wide freight costs, credit card processing fees driven by our higher penetration of e-commerce sales, and a broader promotional stance.\"\n\nSo GameStop is pivoting to lower margin, higher cost items - probably because it knows it has to. This isn't to say that GameStop can't pull it off, but the conflict is quite obvious.\nGameStop Needs To Repair Its Brand Image\nPerhaps the largest question mark I have about GameStop - even more than the economics of its future business model, is the company's branding. GameStop talks about being this gamer-centric, customer driven model that consumers love.\nHowever, this doesn't seem to be the current state of GameStop's brand. The company has been poked fun at on the internet for its \"low-ball\" offers on gamer trade-ins.\nGameStop also possesses a NPS (net promoter score) of -6according to Comparably. As a gamer myself, I had a \"bad taste\" in my mouth when sourcing my Xbox Series X. GameStop often tied its inventory of next-generation consoles to large expansive bundles that included high margin games and accessories that many consumers didn't want. If GameStop expects to become a modernized \"go-to\" shopping experience for gamers, they have work to do in the brand power department.\nThe Long Path To Profitability Is Too Large A Risk\nGameStop can certainly address these concerns over time. The company's recent equity raise if anything, buys them time to try and execute this transition. This is also asking investors in GameStop to take on risk. While shares of GameStop have pulled back considerably, the stock still trades at $143 per share, multiples of what it did as recently as the beginning of the year.\nsource: YCharts\nThe company is not a growth stock, and therefore should be valued on earnings. But GameStop is losing money, and will not turn a profit anytime soon. Analysts see the company steadily getting closer to break even, breaking that barrier in FY2024 (three years from now).\nsource: Seeking Alpha\nBut if GameStop achieves 2024 estimates of earning $1.35 per share, that means that the stock's current valuation is a whopping 106X 2024 earnings(!). Investing is about risk and reward, and I can't make the case to pay that valuation. Investors have to essentially give up the opportunity cost of investing elsewhere over this time frame, hope that GameStop can execute successfully, and then wait longer for the business to grow into its valuation over a 5+ year time horizon. Frankly, it seems silly.\nWrapping Up\nWhen you put all of this together, GameStop offers a terrible risk/reward to investors. In a worst case scenario, GameStop fails to execute its e-commerce model and goes out of business. In a best case scenario, investors will wait years to justify the current valuation. When the outcome is lose/lose, I would rather not play at all.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151331790,"gmtCreate":1625063453210,"gmtModify":1703735265134,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151331790","repostId":"1197424193","repostType":4,"repost":{"id":"1197424193","pubTimestamp":1625062326,"share":"https://www.laohu8.com/m/news/1197424193?lang=&edition=full","pubTime":"2021-06-30 22:12","market":"us","language":"en","title":"Tom Lee raises 2021 forecast for the S&P 500, but warns of a tumultuous July","url":"https://stock-news.laohu8.com/highlight/detail?id=1197424193","media":"CNBC","summary":"Fundstrat’s Tom Lee just hiked his S&P 500 forecast for the end of the year, but warned July could b","content":"<div>\n<p>Fundstrat’s Tom Lee just hiked his S&P 500 forecast for the end of the year, but warned July could be a rough ride.\nLee — known for correctly predicting the stock market’s dramatic ups and downs ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/30/tom-lee-raises-2021-forecast-for-the-sp-500-but-warns-of-a-tumultuous-july-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tom Lee raises 2021 forecast for the S&P 500, but warns of a tumultuous July</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTom Lee raises 2021 forecast for the S&P 500, but warns of a tumultuous July\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/30/tom-lee-raises-2021-forecast-for-the-sp-500-but-warns-of-a-tumultuous-july-.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fundstrat’s Tom Lee just hiked his S&P 500 forecast for the end of the year, but warned July could be a rough ride.\nLee — known for correctly predicting the stock market’s dramatic ups and downs ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/30/tom-lee-raises-2021-forecast-for-the-sp-500-but-warns-of-a-tumultuous-july-.html\">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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/30/tom-lee-raises-2021-forecast-for-the-sp-500-but-warns-of-a-tumultuous-july-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1197424193","content_text":"Fundstrat’s Tom Lee just hiked his S&P 500 forecast for the end of the year, but warned July could be a rough ride.\nLee — known for correctly predicting the stock market’s dramatic ups and downs during the pandemic — now expects the S&P 500 to reach 4,600 by the end of 2021, up from his previous forecast of 4,300. The new level implies a more than 7% rally for the second half with the 500-stock average sitting around 4,290.\nLee expects the economy to continue to gain momentum, earnings to continue to beat estimates, strong credit and stable rates, the Federal Reserve to stick with its easy policies, fiscal stimulus from the White House and a normalizing of volatility.\n\nThe S&P 500 is up more than 14% this year, which Lee notes would be a solid gain for a full trading year, let alone 6 months. However, historical data shows that “strong markets stay strong,” Lee noted.\nData show that second half returns are the strongest in years when the first half is also the strongest.\n“In fact, since 1928, and ex-recessions (more impressive), this ranks as nearly one of the 10 best ever starts (technically would be #11),” Lee told clients.\nThe new Covid delta variant as well as the potential for a choppy July are the two main reasons for investors to say on their toes in this market, said Lee. He added that the delta variant shouldn’t cause another series of economic lockdowns.\nRocky July?\nFundstrat’s data analysis also shines light on the potential for a tough July ahead.\n“July could be a brutal month,” said Lee. “July returns are actually mostly poor and July returns are worse when 1H is strong.”\nWhen the S&P 500 is up more than 13% (which it is) in the first half, the month of July typically yields 0.4%, according to Fundstrat. Plus, the win-ratio is only 50%.\n“So July has a lower probability of rising and a lower overall return when 1H is >13%.  This could be seen as a form of market payback.  So we would default to expecting July to be somewhat choppy,” added Lee.\nStock picks from Lee\nDespite what could be a tumultuous July, Lee is sticking with his trusty group of “epicenter” stocks to finish out the year. The epicenter list is a group of companies that were hard hit by the coronavirus pandemic that Lee sees continuing to lead the market comeback.\nNames likeUber,Advance Auto Parts,Best Buy,MGM Resorts,Hilton Worldwide,Marriott International,Norwegian Cruise Line,Royal Caribbean,GapandGeneral Electricare so-called epicenter stocks.\nFundstrat forecasts epicenter stocks will drive bout half of the point gained in the second half. The rest of the points should be lead by energy and technology stocks.\nLee noted Amazon, Apple and Visa are up 6%, 2% and 4%, respectively, in 2021, but “if the S&P 500 is up +23% for the full year, shouldn’t some of these stocks have double-digit gains?,” Lee asked. “If so, then FAANG/Technology will play a big role in the points gained in 2H2021.”\nFundstrat also likesAmazon,Alphabet,Tesla,Biogen,Apple,Microsoft,PayPal,eBay,MicronandNvidiain his “Granny shots” basket of core stocks based on thematic and tactical portfolios.","news_type":1},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198982301,"gmtCreate":1620918676503,"gmtModify":1704350524875,"author":{"id":"3579320341894615","authorId":"3579320341894615","name":"vincent1wwb","avatar":"https://static.tigerbbs.com/3f63496cde8e0a73b0e84dbcd4eea6c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"oic","listText":"oic","text":"oic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198982301","repostId":"1164484222","repostType":4,"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}