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11-03

$Palantir Technologies Inc.(PLTR)$ Over times, most stocks goes upwards. Fundamental strength of the stock will command for values, hence the stock price. It is obvious that stock price for PLTR will hit $50 by Q1-2025. After breaking records high last 2 weeks, PLTR is in it consolidate position to prepare for next rise. With US election in next few days, focus shifted abit due to few keys factors happening around the globe. Earning result will be out 4th Nov, which likelihood will create some smoke to distract investors, but not value investors. Holding on PLTR will have more advantages then off loading it. It is a GO GO GO, UP UP UP for me.

2023-01-28

No fear. Their fundamental still strong

Google Faces Greater Threat of Forced Ad Unit Sale From U.S. Lawsuit

2022-12-21

Trade regularly

2022-11-22

Buy Buy Buy

@LMSunshine:🌊SEA Predictions & History At A Glance👀

2022-11-18

Great

More Than $2 Trillion in Stock Options Expire Friday With Put-Call Ratio Near Levels Unseen Since 2001

2022-11-18

Great

Grindr Shares Surged 117% After SPAC Merger

2022-11-03

Great

Apple's Resilience Is Unjustified - Here Is Why

2022-10-30

Up 75. FED have no time to waste to press down inflation n save job ahead.

2022-10-30

Likelihood 75 up. They have no time to waste to press down inflation n save job ahead.

2022-10-03

Great

U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%

2022-10-02

Dollar cost average! Constantly buy...do not time the market which is impossible. Regularly saving by Regularly buying.

2022-09-29

Thanks

Dow, S&P, Nasdaq Rise As Yields Drop Following BoE Move

2022-09-21

Great

Dow Opens 100 Points Higher As Wall Street Braces for Fed Rate-Hike Decision

2022-08-23

Great

Intel, Brookfield to Invest up to $30 Bln in Arizona Chip Factories

2022-08-23

Largest player...never goes wrong

Sorry, the original content has been removed

2022-08-23

Meta always....

Got $3,000? 3 Top Growth Stocks to Buy That Could Double Your Money

2022-08-17

Wonderful

Apple Suppliers to Make Apple Watch and Macbook in Vietnam - Nikkei

2022-08-04

Great

August 2022: 5 Blue-Chip Stocks with Dividend Yields Above 4%

2022-08-03

Proud on it

2022-07-19

Will generate small cap buyer interest

Alphabet's Stock Split Has Taken Effect. Now What?

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Over times, most stocks goes upwards. Fundamental strength of the stock will command for values, hence the stock price. It is obvious that stock price for PLTR will hit $50 by Q1-2025. After breaking records high last 2 weeks, PLTR is in it consolidate position to prepare for next rise. With US election in next few days, focus shifted abit due to few keys factors happening around the globe. Earning result will be out 4th Nov, which likelihood will create some smoke to distract investors, but not value investors. Holding on PLTR will have more advantages then off loading it. It is a GO GO GO, UP UP UP for me.","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Over times, most stocks goes upwards. Fundamental strength of the stock will command for values, hence the stock price. It is obvious that stock price for PLTR will hit $50 by Q1-2025. After breaking records high last 2 weeks, PLTR is in it consolidate position to prepare for next rise. With US election in next few days, focus shifted abit due to few keys factors happening around the globe. Earning result will be out 4th Nov, which likelihood will create some smoke to distract investors, but not value investors. Holding on PLTR will have more advantages then off loading it. It is a GO GO GO, UP UP UP for me.","text":"$Palantir Technologies Inc.(PLTR)$ Over times, most stocks goes upwards. Fundamental strength of the stock will command for values, hence the stock price. It is obvious that stock price for PLTR will hit $50 by Q1-2025. After breaking records high last 2 weeks, PLTR is in it consolidate position to prepare for next rise. With US election in next few days, focus shifted abit due to few keys factors happening around the globe. Earning result will be out 4th Nov, which likelihood will create some smoke to distract investors, but not value investors. Holding on PLTR will have more advantages then off loading it. It is a GO GO GO, UP UP UP for me.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/366949095821464","isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952438461,"gmtCreate":1674868941153,"gmtModify":1676538963500,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"No fear. Their fundamental still strong","listText":"No fear. Their fundamental still strong","text":"No fear. Their fundamental still strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952438461","repostId":"2306473333","repostType":4,"repost":{"id":"2306473333","kind":"highlight","pubTimestamp":1674824504,"share":"https://ttm.financial/m/news/2306473333?lang=&edition=fundamental","pubTime":"2023-01-27 21:01","market":"us","language":"en","title":"Google Faces Greater Threat of Forced Ad Unit Sale From U.S. Lawsuit","url":"https://stock-news.laohu8.com/highlight/detail?id=2306473333","media":"Reuters","summary":"The U.S. government is more likely to force Google to divest a key business with an antitrust lawsui","content":"<html><head></head><body><p>The U.S. government is more likely to force Google to divest a key business with an antitrust lawsuit it filed this week than a group of states that has pursued a similar case for three years, legal experts said.</p><p>The complaint filed Tuesday in a Virginia federal court by the U.S. Department of Justice Antitrust Division attempts to compel Google to sell part of its advertising technology unit.</p><p>The suit mirrors allegations in another antitrust case brought against Google in New York federal court by a Texas-led coalition of 17 states in 2020. Both suits accuse the Alphabet Inc-owned company of abusing its dominance in online advertising, which Google has vigorously denied.</p><p>A court would be more likely to order structural changes in a company with nationwide impact if the U.S. government were making the argument, not just a group of states, the experts said.</p><p>“To the extent that any federal court is going to be in the business of breaking up Google, it’s going to be a lot more comfortable doing that if the plaintiff is the federal government,” said Vanderbilt University law professor Rebecca Haw Allensworth.</p><p>Still, Allensworth and other experts were skeptical that a court would force the sale of a business unit at a company as large and central to the economy as Google. Google&#39;s ad-tech business accounted for roughly 12% of the company’s revenue in 2021 and plays a vital role in its overall sales.</p><p>In the states&#39; case, a New York federal judge in September rejected Google’s bid to dismiss it entirely. But the court disallowed some of the claims, including allegations that the company struck an illegal cooperation agreement with Facebook parent company <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.</p><p>The states&#39; suit asks for any remedies the court deems appropriate, and Texas Attorney General Ken Paxton has said all possible punishments are on the table. The Justice Department&#39;s suit seeks at minimum the sale of Google’s ad manager suite, among other things.</p><p>The federal &#34;complaint has a degree of specificity that the other Google complaint does not,&#34; New York University law professor Harry First said. &#34;That indicates to me that they are very serious about actually changing the structure of Google&#39;s ad tech business.&#34;</p><p>The Texas Attorney General&#39;s Office did not respond to a request for comment while the Justice Department declined to comment. Google did not immediately respond to a request for comment.</p><p>States periodically sue companies for alleged violations of antitrust law, but the federal government sometimes either intervenes directly or files its own suit to assert its nationwide perspective.</p><p>Legal experts said that while judges don&#39;t always defer to the federal government when it steps into state antitrust disputes, the opinions of the DOJ and U.S. Federal Trade Commission can factor heavily in their decisions.</p><p>For example, after New York and 12 other states sued to block the merger of wireless carriers T-Mobile and Sprint in 2019, the U.S. government argued the deal should go forward because it would improve wireless coverage in rural areas.</p><p>In that case, the DOJ urged the court to give weight to its “uniform, nationwide perspective&#34; and deny the states&#39; request for an injunction blocking the deal. The court agreed, and the merger later went through with certain conditions in a separate settlement brokered by the Justice Department.</p><p>“If the ultimate goal is to change the structure of the company, the federal government is in a much stronger position,” Syracuse University law professor Shubha Ghosh said.</p><p>Google also faces two largely parallel antitrust lawsuits by states and the federal government alleging unlawful dominance in online searching. The company has denied those allegations as well.</p></body></html>","source":"yahoofinance_sg","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>Google Faces Greater Threat of Forced Ad Unit Sale From U.S. Lawsuit</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\">\nGoogle Faces Greater Threat of Forced Ad Unit Sale From U.S. Lawsuit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-27 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysis-google-faces-greater-threat-120258341.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. government is more likely to force Google to divest a key business with an antitrust lawsuit it filed this week than a group of states that has pursued a similar case for three years, legal ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysis-google-faces-greater-threat-120258341.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://finance.yahoo.com/news/analysis-google-faces-greater-threat-120258341.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2306473333","content_text":"The U.S. government is more likely to force Google to divest a key business with an antitrust lawsuit it filed this week than a group of states that has pursued a similar case for three years, legal experts said.The complaint filed Tuesday in a Virginia federal court by the U.S. Department of Justice Antitrust Division attempts to compel Google to sell part of its advertising technology unit.The suit mirrors allegations in another antitrust case brought against Google in New York federal court by a Texas-led coalition of 17 states in 2020. Both suits accuse the Alphabet Inc-owned company of abusing its dominance in online advertising, which Google has vigorously denied.A court would be more likely to order structural changes in a company with nationwide impact if the U.S. government were making the argument, not just a group of states, the experts said.“To the extent that any federal court is going to be in the business of breaking up Google, it’s going to be a lot more comfortable doing that if the plaintiff is the federal government,” said Vanderbilt University law professor Rebecca Haw Allensworth.Still, Allensworth and other experts were skeptical that a court would force the sale of a business unit at a company as large and central to the economy as Google. Google's ad-tech business accounted for roughly 12% of the company’s revenue in 2021 and plays a vital role in its overall sales.In the states' case, a New York federal judge in September rejected Google’s bid to dismiss it entirely. But the court disallowed some of the claims, including allegations that the company struck an illegal cooperation agreement with Facebook parent company Meta Platforms Inc.The states' suit asks for any remedies the court deems appropriate, and Texas Attorney General Ken Paxton has said all possible punishments are on the table. The Justice Department's suit seeks at minimum the sale of Google’s ad manager suite, among other things.The federal \"complaint has a degree of specificity that the other Google complaint does not,\" New York University law professor Harry First said. \"That indicates to me that they are very serious about actually changing the structure of Google's ad tech business.\"The Texas Attorney General's Office did not respond to a request for comment while the Justice Department declined to comment. Google did not immediately respond to a request for comment.States periodically sue companies for alleged violations of antitrust law, but the federal government sometimes either intervenes directly or files its own suit to assert its nationwide perspective.Legal experts said that while judges don't always defer to the federal government when it steps into state antitrust disputes, the opinions of the DOJ and U.S. Federal Trade Commission can factor heavily in their decisions.For example, after New York and 12 other states sued to block the merger of wireless carriers T-Mobile and Sprint in 2019, the U.S. government argued the deal should go forward because it would improve wireless coverage in rural areas.In that case, the DOJ urged the court to give weight to its “uniform, nationwide perspective\" and deny the states' request for an injunction blocking the deal. The court agreed, and the merger later went through with certain conditions in a separate settlement brokered by the Justice Department.“If the ultimate goal is to change the structure of the company, the federal government is in a much stronger position,” Syracuse University law professor Shubha Ghosh said.Google also faces two largely parallel antitrust lawsuits by states and the federal government alleging unlawful dominance in online searching. The company has denied those allegations as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926783717,"gmtCreate":1671633181639,"gmtModify":1676538567013,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Trade regularly&nbsp;","listText":"Trade regularly&nbsp;","text":"Trade regularly","images":[{"img":"https://community-static.tradeup.com/news/63beb07ba0b42def7f2b06e431c35337","width":"1080","height":"1661"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926783717","isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9968311818,"gmtCreate":1669127266035,"gmtModify":1676538155814,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Buy Buy Buy","listText":"Buy Buy Buy","text":"Buy Buy Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968311818","repostId":"9961500741","repostType":1,"repost":{"id":9961500741,"gmtCreate":1668991037684,"gmtModify":1676538134960,"author":{"id":"4113904591642392","authorId":"4113904591642392","name":"LMSunshine","avatar":"https://community-static.tradeup.com/news/0ad636f2490d8428fcee9da6d669e46c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4113904591642392","idStr":"4113904591642392"},"themes":[],"title":"🌊SEA Predictions & History At A Glance👀","htmlText":"🌊 <a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"0\"></v-v>have been rather popular recently after releasing its Q3 earnings so I decided to do some research on it using the Wall Street Journal (WSJ) and Yahoo Finance (YF). (1) WSJ Q4 2022 and Q1 2023 earnings per share (EPS) are expected to be higher than Q3. EPS in FY2023 and FY2024 are expected to be higher than FY2022. (2) YF EPS in FY2023 are expected to be higher than FY2022. Revenue for FY2023 are also expected to be higher than FY2022 but year-on-year sales growth is expected to decline from 21.7% to 14.6%. Growth estimates for Q3 was -31.0% and projection for Q4 is 18.8% BUT no industry/sector/S&amp;P500 comparisons were provided. (3) 🌊SE stock history: It exploded in 2020 and reached a high of 372.70","listText":"🌊 <a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"0\"></v-v>have been rather popular recently after releasing its Q3 earnings so I decided to do some research on it using the Wall Street Journal (WSJ) and Yahoo Finance (YF). (1) WSJ Q4 2022 and Q1 2023 earnings per share (EPS) are expected to be higher than Q3. EPS in FY2023 and FY2024 are expected to be higher than FY2022. (2) YF EPS in FY2023 are expected to be higher than FY2022. Revenue for FY2023 are also expected to be higher than FY2022 but year-on-year sales growth is expected to decline from 21.7% to 14.6%. Growth estimates for Q3 was -31.0% and projection for Q4 is 18.8% BUT no industry/sector/S&amp;P500 comparisons were provided. (3) 🌊SE stock history: It exploded in 2020 and reached a high of 372.70","text":"🌊 $Sea Ltd(SE)$ have been rather popular recently after releasing its Q3 earnings so I decided to do some research on it using the Wall Street Journal (WSJ) and Yahoo Finance (YF). (1) WSJ Q4 2022 and Q1 2023 earnings per share (EPS) are expected to be higher than Q3. EPS in FY2023 and FY2024 are expected to be higher than FY2022. (2) YF EPS in FY2023 are expected to be higher than FY2022. Revenue for FY2023 are also expected to be higher than FY2022 but year-on-year sales growth is expected to decline from 21.7% to 14.6%. Growth estimates for Q3 was -31.0% and projection for Q4 is 18.8% BUT no industry/sector/S&P500 comparisons were provided. (3) 🌊SE stock history: It exploded in 2020 and reached a high of 372.70","images":[{"img":"https://community-static.tradeup.com/news/b1749ba5c5f8d8cadf4c68cd3e0ad9f2","width":"1125","height":"1080"},{"img":"https://community-static.tradeup.com/news/651525d7e5634bb713725143ccb23507","width":"1125","height":"1130"},{"img":"https://community-static.tradeup.com/news/a5bae4f35f6188e459a0c83b650762c9","width":"1071","height":"537"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961500741","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":13,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961015608,"gmtCreate":1668785229504,"gmtModify":1676538113909,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961015608","repostId":"1156523931","repostType":4,"repost":{"id":"1156523931","kind":"news","pubTimestamp":1668782470,"share":"https://ttm.financial/m/news/1156523931?lang=&edition=fundamental","pubTime":"2022-11-18 22:41","market":"us","language":"en","title":"More Than $2 Trillion in Stock Options Expire Friday With  Put-Call Ratio Near Levels Unseen Since 2001","url":"https://stock-news.laohu8.com/highlight/detail?id=1156523931","media":"Market Watch","summary":"Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest month","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/b8dc787dcc3d9f01b78bad669dcbff58\" tg-width=\"700\" tg-height=\"497\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest monthly event where weekly and monthly options tied to single stocks, equity indexes and exchange-traded funds expire, risking an explosion of volatility across markets.</p><p>Every month, a team of analysts from Goldman Sachs publishes a breakdown of the options that are expiring. And one of the most notable details from this month’s report is a chart showing how much trading has shifted to options contracts with 24 hours or less left before they expire.</p><p>Trading in these types of options now represents 44% of all trading in options linked to the S&amp;P 500 index. They now trade an average of $470 billion in notional value per day, according to Goldman.</p><p><img src=\"https://static.tigerbbs.com/03093a53400808d597fb19b7f7fe18df\" tg-width=\"700\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Options directly linked to the S&amp;P 500 make up a plurality of all equity options expiring in the U.S. on Friday, as Goldman illustrated in the chart below.</p><p><img src=\"https://static.tigerbbs.com/d5ee3ea7c5480a4e90bab11f5bc68ac0\" tg-width=\"699\" tg-height=\"381\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Another notable trend in equity-derivatives trading this year has been increasing trading in options linked to indexes and exchange-traded funds. Previously, investors had favored options linked to individual stocks. But trading volume in these options has declined this year, although it remains elevated compared to its pre-pandemic level.</p><p><img src=\"https://static.tigerbbs.com/2fc707025c18b4c27a4534f19475112f\" tg-width=\"700\" tg-height=\"516\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Investors will be paying particularly close attention to Friday’s options expiration after the equity put-call ratio — which measures trading volume of certain equity-linked options compared with trading volume in equity-linked calls —  exploded to levels unseen since 2001 earlier this week.</p><p>Most equity-linked options expire after the close of the trading day, but some index-linked options expire in the morning, according to CME Group.</p><p>One month ago, Nomura’s Charlie McElligott told clients that professional traders are increasingly buying options with one day to expiration or less, a trading strategy that he said first gained notoriety on the popular subreddit “Wall Street Bets.”</p></body></html>","source":"lsy1616996754749","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>More Than $2 Trillion in Stock Options Expire Friday With  Put-Call Ratio Near Levels Unseen Since 2001</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\">\nMore Than $2 Trillion in Stock Options Expire Friday With  Put-Call Ratio Near Levels Unseen Since 2001\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-18 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/more-than-2-trillion-in-stock-options-expire-friday-with-put-call-ratio-near-levels-unseen-since-2001-11668782195?mod=mw_latestnews><strong>Market Watch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest monthly event where weekly and monthly options tied to single stocks, equity indexes and exchange-traded ...</p>\n\n<a href=\"https://www.marketwatch.com/story/more-than-2-trillion-in-stock-options-expire-friday-with-put-call-ratio-near-levels-unseen-since-2001-11668782195?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","QQQ":"纳指100ETF"},"source_url":"https://www.marketwatch.com/story/more-than-2-trillion-in-stock-options-expire-friday-with-put-call-ratio-near-levels-unseen-since-2001-11668782195?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156523931","content_text":"Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest monthly event where weekly and monthly options tied to single stocks, equity indexes and exchange-traded funds expire, risking an explosion of volatility across markets.Every month, a team of analysts from Goldman Sachs publishes a breakdown of the options that are expiring. And one of the most notable details from this month’s report is a chart showing how much trading has shifted to options contracts with 24 hours or less left before they expire.Trading in these types of options now represents 44% of all trading in options linked to the S&P 500 index. They now trade an average of $470 billion in notional value per day, according to Goldman.Options directly linked to the S&P 500 make up a plurality of all equity options expiring in the U.S. on Friday, as Goldman illustrated in the chart below.Another notable trend in equity-derivatives trading this year has been increasing trading in options linked to indexes and exchange-traded funds. Previously, investors had favored options linked to individual stocks. But trading volume in these options has declined this year, although it remains elevated compared to its pre-pandemic level.Investors will be paying particularly close attention to Friday’s options expiration after the equity put-call ratio — which measures trading volume of certain equity-linked options compared with trading volume in equity-linked calls —  exploded to levels unseen since 2001 earlier this week.Most equity-linked options expire after the close of the trading day, but some index-linked options expire in the morning, according to CME Group.One month ago, Nomura’s Charlie McElligott told clients that professional traders are increasingly buying options with one day to expiration or less, a trading strategy that he said first gained notoriety on the popular subreddit “Wall Street Bets.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":743,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961015891,"gmtCreate":1668785211413,"gmtModify":1676538113909,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961015891","repostId":"1153536149","repostType":4,"repost":{"id":"1153536149","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1668783219,"share":"https://ttm.financial/m/news/1153536149?lang=&edition=fundamental","pubTime":"2022-11-18 22:53","market":"us","language":"en","title":"Grindr Shares Surged 117% After SPAC Merger","url":"https://stock-news.laohu8.com/highlight/detail?id=1153536149","media":"Dow Jones","summary":"Shares of Grindr Inc. rose in morning trading after the LGBTQ-focused social network and dating app ","content":"<html><head></head><body><p>Shares of Grindr Inc. rose in morning trading after the LGBTQ-focused social network and dating app completed its merger with special-purpose acquisition company Tiga Acquisition Corp.</p><p>Grindr stock surged as much as 116.68%, to $25.2 a share, in morning trading. Shares were halted at $18.42 a share shortly after the markets opened. The stock trades under the ticker GRND on the New York Stock Exchange.</p><p><img src=\"https://static.tigerbbs.com/a96fc4f2bf41fa05bcb3b910b9e2ae24\" tg-width=\"836\" tg-height=\"842\" width=\"100%\" height=\"auto\"/></p><p>&#34;Today marks an important milestone not only for the team at Grindr, but for the LGBTQ community we serve,&#34; Chief Executive George Arison said.</p><p>Mr. Arison, the former chief executive and founder of used car e-commerce platform Shift Technologies Inc., was named chief executive of Grindr earlier this year. The company&#39;s chief financial officer is Vanna Krantz, the former financial chief of Disney Streaming Services.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grindr Shares Surged 117% After SPAC Merger</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\">\nGrindr Shares Surged 117% After SPAC Merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-11-18 22:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of Grindr Inc. rose in morning trading after the LGBTQ-focused social network and dating app completed its merger with special-purpose acquisition company Tiga Acquisition Corp.</p><p>Grindr stock surged as much as 116.68%, to $25.2 a share, in morning trading. Shares were halted at $18.42 a share shortly after the markets opened. The stock trades under the ticker GRND on the New York Stock Exchange.</p><p><img src=\"https://static.tigerbbs.com/a96fc4f2bf41fa05bcb3b910b9e2ae24\" tg-width=\"836\" tg-height=\"842\" width=\"100%\" height=\"auto\"/></p><p>&#34;Today marks an important milestone not only for the team at Grindr, but for the LGBTQ community we serve,&#34; Chief Executive George Arison said.</p><p>Mr. Arison, the former chief executive and founder of used car e-commerce platform Shift Technologies Inc., was named chief executive of Grindr earlier this year. The company&#39;s chief financial officer is Vanna Krantz, the former financial chief of Disney Streaming Services.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRND":"GRINDR INC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153536149","content_text":"Shares of Grindr Inc. rose in morning trading after the LGBTQ-focused social network and dating app completed its merger with special-purpose acquisition company Tiga Acquisition Corp.Grindr stock surged as much as 116.68%, to $25.2 a share, in morning trading. Shares were halted at $18.42 a share shortly after the markets opened. The stock trades under the ticker GRND on the New York Stock Exchange.\"Today marks an important milestone not only for the team at Grindr, but for the LGBTQ community we serve,\" Chief Executive George Arison said.Mr. Arison, the former chief executive and founder of used car e-commerce platform Shift Technologies Inc., was named chief executive of Grindr earlier this year. The company's chief financial officer is Vanna Krantz, the former financial chief of Disney Streaming Services.","news_type":1},"isVote":1,"tweetType":1,"viewCount":693,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984099991,"gmtCreate":1667482881513,"gmtModify":1676537925402,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984099991","repostId":"1149171162","repostType":4,"repost":{"id":"1149171162","kind":"news","pubTimestamp":1667488574,"share":"https://ttm.financial/m/news/1149171162?lang=&edition=fundamental","pubTime":"2022-11-03 23:16","market":"us","language":"en","title":"Apple's Resilience Is Unjustified - Here Is Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1149171162","media":"seekingalpha","summary":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, lar","content":"<html><head></head><body><p>Summary</p><ul><li>Apple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company&#39;s continued strong earnings reports.</li><li>I&#39;ll highlight the reasons for Apple&#39;s strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.</li><li>However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.</li><li>The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.</li><li>I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.</li></ul><h3>Introduction And Investment Thesis</h3><p>Last week, <a href=\"https://laohu8.com/S/AAPL\">Apple</a> surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street&#39;s positive reaction hardly seems surprising.</p><p>I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:</p><ul><li>Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple&#39;s gadgets enjoy the ranks of status symbols.</li></ul><ul><li>Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.</li></ul><ul><li>Where others have managed to develop either standout smartphone technology (e.g., Samsung&#39;s Galaxy series) or a smartphone operating system (Google&#39;s Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.</li></ul><ul><li>The company&#39;s balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.</li></ul><p>It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple&#39;s normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.</p><p>Apple Is Rightly Touted As A Major Cash Flow Machine</p><p>When it comes to the question of why Apple stock should command a premium valuation, many investors point to the company&#39;s strong cash flow. I do not disagree, and in fact, Apple&#39;s cash flow is one reason I would like to own shares in the company.</p><p>My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.</p><p>Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company&#39;s conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple&#39;s stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).</p><p><img src=\"https://static.tigerbbs.com/634624a2a799950e29c025c2e979a431\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.</p><p>Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.</p><p><img src=\"https://static.tigerbbs.com/018899362ea317f0a826fd5072e9f3c0\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.</p><h3>Reasons For Apple&#39;s Outstanding Free Cash Flow Growth - And Why It May Not Be Sustainable</h3><p>Apple&#39;s free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company&#39;s future cash flows, discounted to today at an appropriate rate.</p><h3>Strong Brand Stickiness, Pricing Power - But Discretionary Products After All</h3><p>As already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple&#39;s software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.</p><h3>Geographical Concentration Risks</h3><p>Investors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.</p><p>Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.</p><p>A deep recession in Europe is also likely to impact Apple&#39;s supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).</p><p>Of course, Apple&#39;s global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.</p><h3>Sustainability Of App Store Margins</h3><p>Software developers have noticed the seemingly unstoppable growth of Apple&#39;s installed base, which probably recently passed the2 billion mark. Apple&#39;s growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple&#39;s subscription-based sales. I view it as largely positive that Apple&#39;s (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.</p><p>Working Capital Management</p><p>Another aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).</p><p>Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.</p><p>Improved conditions for app developers, as hypothesized above, could also put pressure on Apple&#39;s working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple&#39;s hardware segment.</p><p><img src=\"https://static.tigerbbs.com/cd5c74594b446fea946163da22c51878\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.</p><h3>Possible Signs Of Underinvestment And The Course Toward Mean Reversion</h3><p>It is also worth noting Apple&#39;s capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.</p><p><img src=\"https://static.tigerbbs.com/02df2459453a284cd343b9f1bb690fe5\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple&#39;s key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.</p><p>At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.</p><h3>What Is Currently Priced Into AAPL Stock?</h3><p>Several aspects underlying Apple&#39;s excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple&#39;s recent cash flows, which provide a basis for valuing the stock.</p><p>First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple&#39;s nFCF per share versus split-adjusted price per share. Clearly, Apple&#39;s stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.</p><p><img src=\"https://static.tigerbbs.com/f7d675df943d6075843ba251551a1796\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)</p><p>Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple&#39;s average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.</p><p>Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.</p><p><img src=\"https://static.tigerbbs.com/717fa79d412f6b54795b36161c6ec657\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 6: Cash flows underlying Apple&#39;s discounted cash flow analysis; terminal value not shown (own work)</p><p>Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.</p><p>Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.</p><p>Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.</p><p>However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company&#39;s valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.</p><p><img src=\"https://static.tigerbbs.com/e3a0cff58027ed2abd92ab04313f85e4\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)</p><h3>Concluding Remarks</h3><p>There is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.</p><p>Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.</p><p>As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?</p><p>If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.</p><p>Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Resilience Is Unjustified - Here Is Why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Resilience Is Unjustified - Here Is Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-03 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1149171162","content_text":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.Introduction And Investment ThesisLast week, Apple surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street's positive reaction hardly seems surprising.I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple's gadgets enjoy the ranks of status symbols.Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.Where others have managed to develop either standout smartphone technology (e.g., Samsung's Galaxy series) or a smartphone operating system (Google's Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.The company's balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple's normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.Apple Is Rightly Touted As A Major Cash Flow MachineWhen it comes to the question of why Apple stock should command a premium valuation, many investors point to the company's strong cash flow. I do not disagree, and in fact, Apple's cash flow is one reason I would like to own shares in the company.My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company's conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple's stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.Reasons For Apple's Outstanding Free Cash Flow Growth - And Why It May Not Be SustainableApple's free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company's future cash flows, discounted to today at an appropriate rate.Strong Brand Stickiness, Pricing Power - But Discretionary Products After AllAs already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple's software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.Geographical Concentration RisksInvestors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.A deep recession in Europe is also likely to impact Apple's supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).Of course, Apple's global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.Sustainability Of App Store MarginsSoftware developers have noticed the seemingly unstoppable growth of Apple's installed base, which probably recently passed the2 billion mark. Apple's growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple's subscription-based sales. I view it as largely positive that Apple's (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.Working Capital ManagementAnother aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.Improved conditions for app developers, as hypothesized above, could also put pressure on Apple's working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple's hardware segment.Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.Possible Signs Of Underinvestment And The Course Toward Mean ReversionIt is also worth noting Apple's capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple's key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.What Is Currently Priced Into AAPL Stock?Several aspects underlying Apple's excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple's recent cash flows, which provide a basis for valuing the stock.First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple's nFCF per share versus split-adjusted price per share. Clearly, Apple's stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple's average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.Figure 6: Cash flows underlying Apple's discounted cash flow analysis; terminal value not shown (own work)Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company's valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)Concluding RemarksThere is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982890484,"gmtCreate":1667138628448,"gmtModify":1676537865879,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Up 75. FED have no time to waste to press down inflation n save job ahead.","listText":"Up 75. FED have no time to waste to press down inflation n save job ahead.","text":"Up 75. FED have no time to waste to press down inflation n save job ahead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982890484","isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982890206,"gmtCreate":1667138554705,"gmtModify":1676537865873,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Likelihood 75 up. They have no time to waste to press down inflation n save job ahead.","listText":"Likelihood 75 up. They have no time to waste to press down inflation n save job ahead.","text":"Likelihood 75 up. They have no time to waste to press down inflation n save job ahead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9982890206","isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000494","authorId":"9000000000000494","name":"MamieBenson","avatar":"https://static.tigerbbs.com/1e0fafb6a0868fdff5a6626301b88f7c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000494","idStr":"9000000000000494"},"content":"The Federal Reserve is doing its best to reduce inflation. The price may be bad stock market and employment rate.","text":"The Federal Reserve is doing its best to reduce inflation. The price may be bad stock market and employment rate.","html":"The Federal Reserve is doing its best to reduce inflation. The price may be bad stock market and employment rate."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912858272,"gmtCreate":1664804399296,"gmtModify":1676537510817,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912858272","repostId":"1156675001","repostType":4,"repost":{"id":"1156675001","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1664801237,"share":"https://ttm.financial/m/news/1156675001?lang=&edition=fundamental","pubTime":"2022-10-03 20:47","market":"us","language":"en","title":"U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1156675001","media":"Tiger Newspress","summary":"U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&P 500 jumped ","content":"<html><head></head><body><p>U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&amp;P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.<img src=\"https://static.tigerbbs.com/cbcaba91ed9d90da9b008f6425bafc44\" tg-width=\"261\" tg-height=\"124\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%</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; 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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\">\nU.S. Stock Futures Extended Their Gains in Premarket Trading; Dow Futures Surged 1% While Nasdaq Futures Rose Over 0.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-03 20:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&amp;P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.<img src=\"https://static.tigerbbs.com/cbcaba91ed9d90da9b008f6425bafc44\" tg-width=\"261\" tg-height=\"124\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156675001","content_text":"U.S. stock futures extended their gains in premarket trading; Dow Futures surged 1%, S&P 500 jumped 0.9% while Nasdaq Futures rose 0.56%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912012790,"gmtCreate":1664702456610,"gmtModify":1676537496385,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Dollar cost average! Constantly buy...do&nbsp; not time the market which is impossible. Regularly saving by Regularly buying.&nbsp;","listText":"Dollar cost average! Constantly buy...do&nbsp; not time the market which is impossible. Regularly saving by Regularly buying.&nbsp;","text":"Dollar cost average! Constantly buy...do not time the market which is impossible. Regularly saving by Regularly buying.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912012790","isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9918627483,"gmtCreate":1664383147142,"gmtModify":1676537444753,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9918627483","repostId":"1188627056","repostType":4,"repost":{"id":"1188627056","kind":"news","pubTimestamp":1664376386,"share":"https://ttm.financial/m/news/1188627056?lang=&edition=fundamental","pubTime":"2022-09-28 22:46","market":"us","language":"en","title":"Dow, S&P, Nasdaq Rise As Yields Drop Following BoE Move","url":"https://stock-news.laohu8.com/highlight/detail?id=1188627056","media":"Seeking Alpha","summary":"Stock indices trade higher on Wednesday as they get some buying interest after longer rates fell fro","content":"<html><head></head><body><p>Stock indices trade higher on Wednesday as they get some buying interest after longer rates fell from highs after the surprise move from the Bank of England.</p><p>The Dow is +1.1%, the S&amp;P 500 is +1.08% and the Nasdaq Composite is +0.85%.</p><p>The Bank of England said it would start temporary purchases of long-dated bonds and will also delay quantitative tightening.</p><p>Yields on the 10-year Gilt tumbled more than 40 basis points. The 10-year yield (US10Y) topped 4% earlier on but have since subsided as it is now lower by 14 basis points to 3.82%. The 2-year yield (US2Y) is down 14 basis points to 4.16%.</p><p>Markets also had been under pressure overnight following a report that Apple was pulling back from plans to boost iPhone production.</p><p>On the economic calendar, August pending home sales declined more than was forecasted. Pending home sales data came in at -2.0% M/M to 88.4 versus the forecasted -0.8% figure.</p><p>There will also be a host of Fed speakers at the Community Banking Research Conference, including pre-recorded remarks from Fed chief Jay Powell.</p><p>&#34;Everyone understands that the Fed is going to keep raising rates to defeat inflation,&#34; UBS chief economist Paul Donovan said. &#34;What is not clear is how exactly the Fed thinks higher rates transmit into lower inflation.&#34;</p><p>&#34;The S&amp;P 500 is down 6 days in a row and made a new 52-wk low,&#34; Ryan Detrick of Carson Group tweeted. &#34;Don&#39;t shoot the messenger here, but that&#39;s happened 20 other times since 1950 and what happens next is pretty bullish. A year later? Higher 90% of the time and up 20% on average.&#34;</p><p>Among active stocks, shares of DocuSign rise after the electronic-signature technology company said it would cut the size of its workforce by roughly 9%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow, S&P, Nasdaq Rise As Yields Drop Following BoE Move</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\">\nDow, S&P, Nasdaq Rise As Yields Drop Following BoE Move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-28 22:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3886652-nasdaq-sp-500-dow-jones-stockmarket><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock indices trade higher on Wednesday as they get some buying interest after longer rates fell from highs after the surprise move from the Bank of England.The Dow is +1.1%, the S&P 500 is +1.08% and...</p>\n\n<a href=\"https://seekingalpha.com/news/3886652-nasdaq-sp-500-dow-jones-stockmarket\">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://seekingalpha.com/news/3886652-nasdaq-sp-500-dow-jones-stockmarket","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188627056","content_text":"Stock indices trade higher on Wednesday as they get some buying interest after longer rates fell from highs after the surprise move from the Bank of England.The Dow is +1.1%, the S&P 500 is +1.08% and the Nasdaq Composite is +0.85%.The Bank of England said it would start temporary purchases of long-dated bonds and will also delay quantitative tightening.Yields on the 10-year Gilt tumbled more than 40 basis points. The 10-year yield (US10Y) topped 4% earlier on but have since subsided as it is now lower by 14 basis points to 3.82%. The 2-year yield (US2Y) is down 14 basis points to 4.16%.Markets also had been under pressure overnight following a report that Apple was pulling back from plans to boost iPhone production.On the economic calendar, August pending home sales declined more than was forecasted. Pending home sales data came in at -2.0% M/M to 88.4 versus the forecasted -0.8% figure.There will also be a host of Fed speakers at the Community Banking Research Conference, including pre-recorded remarks from Fed chief Jay Powell.\"Everyone understands that the Fed is going to keep raising rates to defeat inflation,\" UBS chief economist Paul Donovan said. \"What is not clear is how exactly the Fed thinks higher rates transmit into lower inflation.\"\"The S&P 500 is down 6 days in a row and made a new 52-wk low,\" Ryan Detrick of Carson Group tweeted. \"Don't shoot the messenger here, but that's happened 20 other times since 1950 and what happens next is pretty bullish. A year later? Higher 90% of the time and up 20% on average.\"Among active stocks, shares of DocuSign rise after the electronic-signature technology company said it would cut the size of its workforce by roughly 9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919831064,"gmtCreate":1663768961459,"gmtModify":1676537332726,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919831064","repostId":"1152960933","repostType":4,"repost":{"id":"1152960933","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663767277,"share":"https://ttm.financial/m/news/1152960933?lang=&edition=fundamental","pubTime":"2022-09-21 21:34","market":"us","language":"en","title":"Dow Opens 100 Points Higher As Wall Street Braces for Fed Rate-Hike Decision","url":"https://stock-news.laohu8.com/highlight/detail?id=1152960933","media":"Tiger Newspress","summary":"U.S. stocks gained at Wednesday's open as the Federal Reserve’s highly-anticipated rate announcement","content":"<html><head></head><body><p>U.S. stocks gained at Wednesday&#39;s open as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.</p><p>The benchmark S&amp;P 500 rose 0.5% early into the session, while the Dow Jones Industrial Average added 170 points, or 0.6%. The technology-heavy Nasdaq Composite advanced roughly 0.4%.</p><p>Moves in the early trade come afterall three major averages retreated roughly 1%in the previous session and the VIX – Wall Street’s volatility gauge – edged up 5.4% to 27.16.</p><p>Activity across the bond market has been closely watched all week. Treasury yields paused a perilous climb Wednesday morning but remained near fresh highs. The benchmark U.S. 10-year note held above 3.5%, its highest level since 2011, while the 2-year Treasury note was well above a 15-year high of 3.9%.</p><p>Among market movers early Wednesday was General Mills (GIS), which rose nearly 4% at open after the company reported better-than-expected quarterly earnings and raised its full-year sales outlook as it benefits from higher prices on breakfast cereals, snack bars and pet food.</p><p>Beyond Meat (BYND) shares gained more than 2% afterannouncing a partnership with Taco Bell(YUM) on their first menu collaboration: Beyond Carne Asada Steak. The news helped BYND claw back from a nearly 3% drop pre-market after the meat substitute producer suspended Chief Operating Officer Doug Ramsey over his arrest for allegedlybiting a man’s nose this weekendin a road rage incident.</p><p>Stitch Fix (SFIX) shares tanked nearly 5% after the company reported disappointing fourth-quarter revenue expectations and sales guidance and posted a drop in active clients.</p><p>U.S. central bank officials are set to deliver athird-consecutive 75-basis-point increaseto their benchmark policy rate Wednesday at 2 p.m. ET. at the conclusion of policy-setting discussions.</p><p>Market participants will also tune in to remarks fromFed Chair Jerome Powellfollowing the meeting, along with the economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the Fed’s short-term interest rate.</p><p>“The meeting-by-meeting and data-dependent approach that central banks around the world have adopted will allow for some easing in the pace of monetary policy tightening in the coming months, but central bankers have warned that such action would only happen if, and when there is compelling evidence of inflation cooling,” EY Parthenon Chief Economist Gregory Daco said in a note.</p><p>Across the Atlantic, Russian President Vladimir Putinannounced a “partial mobilization” of Ukraineand vowed to annex occupied territories. In a televised message, he called the moves “urgent, necessary steps to defend the sovereignty, security and territorial integrity of Russia.”</p><p>The threat of an escalation in Russia’s war against Ukraine rattled markets. Oil prices climbed, with West Texas Intermediate (WTI) crude futures up 2.5% to $86.07 per barrel and Brent crude oil 2.4% higher at $92.81 per barrel. The dollar rallied toward a fresh record high while the euro slid. In crypto markets, bitcoin (BTC-USD) fell back below $19,000.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Opens 100 Points Higher As Wall Street Braces for Fed Rate-Hike Decision</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\">\nDow Opens 100 Points Higher As Wall Street Braces for Fed Rate-Hike Decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-21 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks gained at Wednesday&#39;s open as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.</p><p>The benchmark S&amp;P 500 rose 0.5% early into the session, while the Dow Jones Industrial Average added 170 points, or 0.6%. The technology-heavy Nasdaq Composite advanced roughly 0.4%.</p><p>Moves in the early trade come afterall three major averages retreated roughly 1%in the previous session and the VIX – Wall Street’s volatility gauge – edged up 5.4% to 27.16.</p><p>Activity across the bond market has been closely watched all week. Treasury yields paused a perilous climb Wednesday morning but remained near fresh highs. The benchmark U.S. 10-year note held above 3.5%, its highest level since 2011, while the 2-year Treasury note was well above a 15-year high of 3.9%.</p><p>Among market movers early Wednesday was General Mills (GIS), which rose nearly 4% at open after the company reported better-than-expected quarterly earnings and raised its full-year sales outlook as it benefits from higher prices on breakfast cereals, snack bars and pet food.</p><p>Beyond Meat (BYND) shares gained more than 2% afterannouncing a partnership with Taco Bell(YUM) on their first menu collaboration: Beyond Carne Asada Steak. The news helped BYND claw back from a nearly 3% drop pre-market after the meat substitute producer suspended Chief Operating Officer Doug Ramsey over his arrest for allegedlybiting a man’s nose this weekendin a road rage incident.</p><p>Stitch Fix (SFIX) shares tanked nearly 5% after the company reported disappointing fourth-quarter revenue expectations and sales guidance and posted a drop in active clients.</p><p>U.S. central bank officials are set to deliver athird-consecutive 75-basis-point increaseto their benchmark policy rate Wednesday at 2 p.m. ET. at the conclusion of policy-setting discussions.</p><p>Market participants will also tune in to remarks fromFed Chair Jerome Powellfollowing the meeting, along with the economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the Fed’s short-term interest rate.</p><p>“The meeting-by-meeting and data-dependent approach that central banks around the world have adopted will allow for some easing in the pace of monetary policy tightening in the coming months, but central bankers have warned that such action would only happen if, and when there is compelling evidence of inflation cooling,” EY Parthenon Chief Economist Gregory Daco said in a note.</p><p>Across the Atlantic, Russian President Vladimir Putinannounced a “partial mobilization” of Ukraineand vowed to annex occupied territories. In a televised message, he called the moves “urgent, necessary steps to defend the sovereignty, security and territorial integrity of Russia.”</p><p>The threat of an escalation in Russia’s war against Ukraine rattled markets. Oil prices climbed, with West Texas Intermediate (WTI) crude futures up 2.5% to $86.07 per barrel and Brent crude oil 2.4% higher at $92.81 per barrel. The dollar rallied toward a fresh record high while the euro slid. In crypto markets, bitcoin (BTC-USD) fell back below $19,000.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152960933","content_text":"U.S. stocks gained at Wednesday's open as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.The benchmark S&P 500 rose 0.5% early into the session, while the Dow Jones Industrial Average added 170 points, or 0.6%. The technology-heavy Nasdaq Composite advanced roughly 0.4%.Moves in the early trade come afterall three major averages retreated roughly 1%in the previous session and the VIX – Wall Street’s volatility gauge – edged up 5.4% to 27.16.Activity across the bond market has been closely watched all week. Treasury yields paused a perilous climb Wednesday morning but remained near fresh highs. The benchmark U.S. 10-year note held above 3.5%, its highest level since 2011, while the 2-year Treasury note was well above a 15-year high of 3.9%.Among market movers early Wednesday was General Mills (GIS), which rose nearly 4% at open after the company reported better-than-expected quarterly earnings and raised its full-year sales outlook as it benefits from higher prices on breakfast cereals, snack bars and pet food.Beyond Meat (BYND) shares gained more than 2% afterannouncing a partnership with Taco Bell(YUM) on their first menu collaboration: Beyond Carne Asada Steak. The news helped BYND claw back from a nearly 3% drop pre-market after the meat substitute producer suspended Chief Operating Officer Doug Ramsey over his arrest for allegedlybiting a man’s nose this weekendin a road rage incident.Stitch Fix (SFIX) shares tanked nearly 5% after the company reported disappointing fourth-quarter revenue expectations and sales guidance and posted a drop in active clients.U.S. central bank officials are set to deliver athird-consecutive 75-basis-point increaseto their benchmark policy rate Wednesday at 2 p.m. ET. at the conclusion of policy-setting discussions.Market participants will also tune in to remarks fromFed Chair Jerome Powellfollowing the meeting, along with the economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the Fed’s short-term interest rate.“The meeting-by-meeting and data-dependent approach that central banks around the world have adopted will allow for some easing in the pace of monetary policy tightening in the coming months, but central bankers have warned that such action would only happen if, and when there is compelling evidence of inflation cooling,” EY Parthenon Chief Economist Gregory Daco said in a note.Across the Atlantic, Russian President Vladimir Putinannounced a “partial mobilization” of Ukraineand vowed to annex occupied territories. In a televised message, he called the moves “urgent, necessary steps to defend the sovereignty, security and territorial integrity of Russia.”The threat of an escalation in Russia’s war against Ukraine rattled markets. Oil prices climbed, with West Texas Intermediate (WTI) crude futures up 2.5% to $86.07 per barrel and Brent crude oil 2.4% higher at $92.81 per barrel. The dollar rallied toward a fresh record high while the euro slid. In crypto markets, bitcoin (BTC-USD) fell back below $19,000.","news_type":1},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9992319317,"gmtCreate":1661262530441,"gmtModify":1676536484569,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992319317","repostId":"2261675637","repostType":4,"repost":{"id":"2261675637","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1661258887,"share":"https://ttm.financial/m/news/2261675637?lang=&edition=fundamental","pubTime":"2022-08-23 20:48","market":"us","language":"en","title":"Intel, Brookfield to Invest up to $30 Bln in Arizona Chip Factories","url":"https://stock-news.laohu8.com/highlight/detail?id=2261675637","media":"Reuters","summary":"Aug 23 (Reuters) - Intel Corp and Canada's Brookfield Asset Management on Tuesday agreed to jointly ","content":"<html><head></head><body><p>Aug 23 (Reuters) - Intel Corp and Canada&#39;s Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for the U.S. chipmaker&#39;s leading-edge chip factories in Arizona.</p><p>The move comes after U.S. President Joe Biden earlier this month signed the CHIPS and Science Act into law, which included provision of $52.7 billion in subsidies for U.S. semiconductor production and research.</p><p>Brookfield&#39;s infrastructure affiliate will invest up to $15 billion for a 49% stake in the expansion project, while Intel will retain majority ownership and operating control of the two chip factories meant to make advanced chips in Chandler, Arizona.</p><p>Intel finance chief David Zinsner said the arrangement between the companies &#34;builds on the momentum from the recent passage of the CHIPS Act in the U.S&#34;.</p><p>The investment is part of a deal between Intel and Brookfield in February this year to explore project finance options to help fund new Intel manufacturing sites.</p><p>Last month, Intel slashed its annual forecasts due to falling PC demand.</p><p>After Pat Gelsinger took over the reins of the company in early 2021, Intel had announced multi-billion dollar investments across Europe and in the United States.</p><p>They were aimed at increasing Intel&#39;s chip production after the industry went through an over two-year long supply crunch that derailed production of cars to computers.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel, Brookfield to Invest up to $30 Bln in Arizona Chip Factories</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{ 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}\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\">\nIntel, Brookfield to Invest up to $30 Bln in Arizona Chip Factories\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-23 20:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Aug 23 (Reuters) - Intel Corp and Canada&#39;s Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for the U.S. chipmaker&#39;s leading-edge chip factories in Arizona.</p><p>The move comes after U.S. President Joe Biden earlier this month signed the CHIPS and Science Act into law, which included provision of $52.7 billion in subsidies for U.S. semiconductor production and research.</p><p>Brookfield&#39;s infrastructure affiliate will invest up to $15 billion for a 49% stake in the expansion project, while Intel will retain majority ownership and operating control of the two chip factories meant to make advanced chips in Chandler, Arizona.</p><p>Intel finance chief David Zinsner said the arrangement between the companies &#34;builds on the momentum from the recent passage of the CHIPS Act in the U.S&#34;.</p><p>The investment is part of a deal between Intel and Brookfield in February this year to explore project finance options to help fund new Intel manufacturing sites.</p><p>Last month, Intel slashed its annual forecasts due to falling PC demand.</p><p>After Pat Gelsinger took over the reins of the company in early 2021, Intel had announced multi-billion dollar investments across Europe and in the United States.</p><p>They were aimed at increasing Intel&#39;s chip production after the industry went through an over two-year long supply crunch that derailed production of cars to computers.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","BAM":"布鲁克菲尔德资产管理"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2261675637","content_text":"Aug 23 (Reuters) - Intel Corp and Canada's Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for the U.S. chipmaker's leading-edge chip factories in Arizona.The move comes after U.S. President Joe Biden earlier this month signed the CHIPS and Science Act into law, which included provision of $52.7 billion in subsidies for U.S. semiconductor production and research.Brookfield's infrastructure affiliate will invest up to $15 billion for a 49% stake in the expansion project, while Intel will retain majority ownership and operating control of the two chip factories meant to make advanced chips in Chandler, Arizona.Intel finance chief David Zinsner said the arrangement between the companies \"builds on the momentum from the recent passage of the CHIPS Act in the U.S\".The investment is part of a deal between Intel and Brookfield in February this year to explore project finance options to help fund new Intel manufacturing sites.Last month, Intel slashed its annual forecasts due to falling PC demand.After Pat Gelsinger took over the reins of the company in early 2021, Intel had announced multi-billion dollar investments across Europe and in the United States.They were aimed at increasing Intel's chip production after the industry went through an over two-year long supply crunch that derailed production of cars to computers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9992310729,"gmtCreate":1661262478563,"gmtModify":1676536484559,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Largest player...never goes wrong","listText":"Largest player...never goes wrong","text":"Largest player...never goes wrong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992310729","repostId":"2261168350","repostType":4,"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9992310629,"gmtCreate":1661262449463,"gmtModify":1676536484543,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Meta always....","listText":"Meta always....","text":"Meta always....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992310629","repostId":"2261455457","repostType":4,"repost":{"id":"2261455457","kind":"highlight","pubTimestamp":1661260727,"share":"https://ttm.financial/m/news/2261455457?lang=&edition=fundamental","pubTime":"2022-08-23 21:18","market":"us","language":"en","title":"Got $3,000? 3 Top Growth Stocks to Buy That Could Double Your Money","url":"https://stock-news.laohu8.com/highlight/detail?id=2261455457","media":"Motley Fool","summary":"CrowdStrike, AMD, and Meta are still high-quality growth plays.","content":"<html><head></head><body><p>Many growth stocks have fallen out of favor this year as rising interest rates and other macro headwinds have driven investors toward cheaper value plays. However, these pullbacks can represent great buying opportunities for investors who aren&#39;t rattled by a little near-term volatility.</p><p>If you&#39;ve got $3,000 to invest, you could buy a few shares of promising growth stocks <b>CrowdStrike</b>, <b>AMD</b>, and <b><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></b> and there&#39;s a chance they will double within a few years.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F696602%2Fcouple-cash-shower.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>1. CrowdStrike</h2><p>Many cybersecurity companies install on-site appliances to run their services. Those appliances take up a lot of space, require regular maintenance, and can be difficult to scale as an organization expands. To address those issues, a new generation of cybersecurity players challenged the industry leaders with subscription-based cloud services that don&#39;t require any on-site appliances. CrowdStrike, which went public three years ago, is one of these disruptive newcomers.</p><p>CrowdStrike&#39;s revenue rose 82% in fiscal 2021 -- which ended Jan. 31, 2021 --  and increased 66% to $1.45 billion in fiscal 2022. It anticipates another 51% to 52% revenue growth in the current fiscal year. It also turned profitable on an adjusted basis in fiscal 2021, and its adjusted net profit surged 157% to $161 million in fiscal 2022. It expects that figure to climb 76% to 83% in fiscal 2023.</p><p>CrowdStrike ended its latest quarter with 17,945 subscription customers, representing 57% growth from a year ago. Seventy-one percent of those customers had adopted four or more of its cloud-based modules, compared to 64% a year earlier. That increasing stickiness indicates its &#34;land and expand&#34; strategies are working.</p><p>CrowdStrike&#39;s stock isn&#39;t cheap at 21 times this year&#39;s sales, but it arguably deserves that premium valuation. It&#39;s already established an early-mover&#39;s advantage in its niche of cloud-native cybersecurity services, and it will likely profit from the secular expansion of the broader cybersecurity sector.</p><h2>2. AMD</h2><p>AMD was once considered a distant underdog to <b>Intel</b> in x86 CPUs and <b>Nvidia</b> in discrete GPUs. But under CEO Lisa Su, who took the helm in 2014, AMD gained significant market share against Intel in CPUs, kept pace with Nvidia with new GPUs, and blended together its CPUs and GPUs in custom APUs for <b>Sony</b>&#39;s PlayStation consoles and <b>Microsoft</b>&#39;s Xbox consoles.</p><p>Instead of stubbornly manufacturing its own chips like Intel, AMD spun off its capital-intensive foundries and outsourced the production of its top-tier chips to<b> TSMC</b>. TSMC&#39;s technological lead against Intel in the &#34;process race&#34; to manufacture smaller and denser chips subsequently enabled AMD to develop more advanced chips than Intel and sell them at lower prices.</p><p>Those catalysts enabled AMD to grow like a weed. In 2020, its revenue rose 45% as its adjusted earnings more than doubled. In 2021, its revenue surged 68% to $16.4 billion as its adjusted earnings more than doubled again. PC sales have been gradually cooling off in a post-lockdown world, but AMD still expects its revenue to grow about 60% this year as its data center and embedded chips offset that cyclical slowdown. Analysts expect its adjusted earnings to grow 57%, which is a jaw-dropping growth rate for a stock that trades at just 23 times forward earnings.</p><h2>3. Meta Platforms</h2><p>Facebook&#39;s recent transformation into Meta Platforms, which reflects the expansion of its ecosystem into the metaverse with VR devices and software, coincided with the slowdown of its core advertising business. That deceleration, which Meta blamed on <b>Apple</b>&#39;s privacy changes on iOS and competition from <b>ByteDance</b>&#39;s TikTok, spooked the bulls.</p><p>However, the bears often gloss over the fact that Meta&#39;s &#34;family&#34; of social media apps -- which includes Facebook, Messenger, Instagram, and WhatsApp -- still serves 3.65 billion people (nearly half the world&#39;s population) every month. They also probably won&#39;t point out that Meta still holds a near-duopoly in the digital advertising market -- with <b>Alphabet</b>&#39;s Google -- across many major markets.</p><p>But overlooking those strengths would be a mistake. Meta has been tweaking its advertising algorithms to deal with Apple&#39;s changes, and it&#39;s been investing heavily in new short video content to counter TikTok. Its nascent metaverse ecosystem, which reached about 300,000 monthly active users earlier this year, could also continue to expand as more mainstream consumers buy VR headsets.</p><p>Analysts expect Meta&#39;s revenue to remain nearly flat this year at $118 billion and for its earnings to decline 25%. But next year, they expect its revenue and earnings to grow 11% and 15%, respectively, as its advertising business stabilizes and it reins in its metaverse-related expenses. If Meta regains its balance, then its stock looks like a screaming bargain right now at 18 times forward earnings.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Got $3,000? 3 Top Growth Stocks to Buy That Could Double Your Money</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\">\nGot $3,000? 3 Top Growth Stocks to Buy That Could Double Your Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-23 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/21/got-3000-3-top-growth-stocks-to-buy-that-could-dou/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many growth stocks have fallen out of favor this year as rising interest rates and other macro headwinds have driven investors toward cheaper value plays. However, these pullbacks can represent great ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/21/got-3000-3-top-growth-stocks-to-buy-that-could-dou/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","META":"Meta Platforms, Inc.","CRWD":"CrowdStrike Holdings, Inc."},"source_url":"https://www.fool.com/investing/2022/08/21/got-3000-3-top-growth-stocks-to-buy-that-could-dou/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2261455457","content_text":"Many growth stocks have fallen out of favor this year as rising interest rates and other macro headwinds have driven investors toward cheaper value plays. However, these pullbacks can represent great buying opportunities for investors who aren't rattled by a little near-term volatility.If you've got $3,000 to invest, you could buy a few shares of promising growth stocks CrowdStrike, AMD, and Meta Platforms and there's a chance they will double within a few years.Image source: Getty Images.1. CrowdStrikeMany cybersecurity companies install on-site appliances to run their services. Those appliances take up a lot of space, require regular maintenance, and can be difficult to scale as an organization expands. To address those issues, a new generation of cybersecurity players challenged the industry leaders with subscription-based cloud services that don't require any on-site appliances. CrowdStrike, which went public three years ago, is one of these disruptive newcomers.CrowdStrike's revenue rose 82% in fiscal 2021 -- which ended Jan. 31, 2021 --  and increased 66% to $1.45 billion in fiscal 2022. It anticipates another 51% to 52% revenue growth in the current fiscal year. It also turned profitable on an adjusted basis in fiscal 2021, and its adjusted net profit surged 157% to $161 million in fiscal 2022. It expects that figure to climb 76% to 83% in fiscal 2023.CrowdStrike ended its latest quarter with 17,945 subscription customers, representing 57% growth from a year ago. Seventy-one percent of those customers had adopted four or more of its cloud-based modules, compared to 64% a year earlier. That increasing stickiness indicates its \"land and expand\" strategies are working.CrowdStrike's stock isn't cheap at 21 times this year's sales, but it arguably deserves that premium valuation. It's already established an early-mover's advantage in its niche of cloud-native cybersecurity services, and it will likely profit from the secular expansion of the broader cybersecurity sector.2. AMDAMD was once considered a distant underdog to Intel in x86 CPUs and Nvidia in discrete GPUs. But under CEO Lisa Su, who took the helm in 2014, AMD gained significant market share against Intel in CPUs, kept pace with Nvidia with new GPUs, and blended together its CPUs and GPUs in custom APUs for Sony's PlayStation consoles and Microsoft's Xbox consoles.Instead of stubbornly manufacturing its own chips like Intel, AMD spun off its capital-intensive foundries and outsourced the production of its top-tier chips to TSMC. TSMC's technological lead against Intel in the \"process race\" to manufacture smaller and denser chips subsequently enabled AMD to develop more advanced chips than Intel and sell them at lower prices.Those catalysts enabled AMD to grow like a weed. In 2020, its revenue rose 45% as its adjusted earnings more than doubled. In 2021, its revenue surged 68% to $16.4 billion as its adjusted earnings more than doubled again. PC sales have been gradually cooling off in a post-lockdown world, but AMD still expects its revenue to grow about 60% this year as its data center and embedded chips offset that cyclical slowdown. Analysts expect its adjusted earnings to grow 57%, which is a jaw-dropping growth rate for a stock that trades at just 23 times forward earnings.3. Meta PlatformsFacebook's recent transformation into Meta Platforms, which reflects the expansion of its ecosystem into the metaverse with VR devices and software, coincided with the slowdown of its core advertising business. That deceleration, which Meta blamed on Apple's privacy changes on iOS and competition from ByteDance's TikTok, spooked the bulls.However, the bears often gloss over the fact that Meta's \"family\" of social media apps -- which includes Facebook, Messenger, Instagram, and WhatsApp -- still serves 3.65 billion people (nearly half the world's population) every month. They also probably won't point out that Meta still holds a near-duopoly in the digital advertising market -- with Alphabet's Google -- across many major markets.But overlooking those strengths would be a mistake. Meta has been tweaking its advertising algorithms to deal with Apple's changes, and it's been investing heavily in new short video content to counter TikTok. Its nascent metaverse ecosystem, which reached about 300,000 monthly active users earlier this year, could also continue to expand as more mainstream consumers buy VR headsets.Analysts expect Meta's revenue to remain nearly flat this year at $118 billion and for its earnings to decline 25%. But next year, they expect its revenue and earnings to grow 11% and 15%, respectively, as its advertising business stabilizes and it reins in its metaverse-related expenses. If Meta regains its balance, then its stock looks like a screaming bargain right now at 18 times forward earnings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991007913,"gmtCreate":1660744706135,"gmtModify":1676536390471,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Wonderful&nbsp;","listText":"Wonderful&nbsp;","text":"Wonderful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991007913","repostId":"2260888815","repostType":4,"repost":{"id":"2260888815","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1660728666,"share":"https://ttm.financial/m/news/2260888815?lang=&edition=fundamental","pubTime":"2022-08-17 17:31","market":"us","language":"en","title":"Apple Suppliers to Make Apple Watch and Macbook in Vietnam - Nikkei","url":"https://stock-news.laohu8.com/highlight/detail?id=2260888815","media":"Reuters","summary":"Apple Inc's    suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first ti","content":"<html><head></head><body><p>Apple Inc&#39;s    suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter.</p><p>Apple&#39;s Chinese supplier Luxshare Precision Industry and Taiwan-based Foxconn have started test production of Apple Watch in northern Vietnam, the report added.</p><p>Apple has asked suppliers to set up a test production line in Vietnam for the MacBook, the report said, adding that progress in moving mass production to the country has been slow partly due to pandemic-related disruptions but also because notebook computer production involves a larger supply chain.</p><p>Apple has been shifting some areas of iPhone production from China to other markets, including India, where it started manufacturing iPhone 13 earlier this year, and is also planning to assemble iPad tablets.</p><p>India, the world&#39;s second-biggest smartphone market, along with countries such as Mexico and Vietnam, is becoming increasingly important to contract manufacturers supplying American brands, as they try to diversify production away from China.</p><p>Apple, Foxconn and Luxshare Precision did not immediately respond to a Reuters request for comment.</p><p>Last week, Taiwanese contract manufacturer Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.</p><p>Like other global manufacturers, Foxconn - formally called Hon Hai Precision Industry Co Ltd - has dealt with a severe shortage of chips that hurt production, as bottlenecks from the pandemic lingered and the Ukraine war further strained logistical channels.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Suppliers to Make Apple Watch and Macbook in Vietnam - Nikkei</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Suppliers to Make Apple Watch and Macbook in Vietnam - Nikkei\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-17 17:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Apple Inc&#39;s    suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter.</p><p>Apple&#39;s Chinese supplier Luxshare Precision Industry and Taiwan-based Foxconn have started test production of Apple Watch in northern Vietnam, the report added.</p><p>Apple has asked suppliers to set up a test production line in Vietnam for the MacBook, the report said, adding that progress in moving mass production to the country has been slow partly due to pandemic-related disruptions but also because notebook computer production involves a larger supply chain.</p><p>Apple has been shifting some areas of iPhone production from China to other markets, including India, where it started manufacturing iPhone 13 earlier this year, and is also planning to assemble iPad tablets.</p><p>India, the world&#39;s second-biggest smartphone market, along with countries such as Mexico and Vietnam, is becoming increasingly important to contract manufacturers supplying American brands, as they try to diversify production away from China.</p><p>Apple, Foxconn and Luxshare Precision did not immediately respond to a Reuters request for comment.</p><p>Last week, Taiwanese contract manufacturer Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.</p><p>Like other global manufacturers, Foxconn - formally called Hon Hai Precision Industry Co Ltd - has dealt with a severe shortage of chips that hurt production, as bottlenecks from the pandemic lingered and the Ukraine war further strained logistical channels.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4550":"红杉资本持仓","AAPL":"苹果","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","BK4534":"瑞士信贷持仓","BK4571":"数字音乐概念","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4579":"人工智能"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260888815","content_text":"Apple Inc's    suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter.Apple's Chinese supplier Luxshare Precision Industry and Taiwan-based Foxconn have started test production of Apple Watch in northern Vietnam, the report added.Apple has asked suppliers to set up a test production line in Vietnam for the MacBook, the report said, adding that progress in moving mass production to the country has been slow partly due to pandemic-related disruptions but also because notebook computer production involves a larger supply chain.Apple has been shifting some areas of iPhone production from China to other markets, including India, where it started manufacturing iPhone 13 earlier this year, and is also planning to assemble iPad tablets.India, the world's second-biggest smartphone market, along with countries such as Mexico and Vietnam, is becoming increasingly important to contract manufacturers supplying American brands, as they try to diversify production away from China.Apple, Foxconn and Luxshare Precision did not immediately respond to a Reuters request for comment.Last week, Taiwanese contract manufacturer Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.Like other global manufacturers, Foxconn - formally called Hon Hai Precision Industry Co Ltd - has dealt with a severe shortage of chips that hurt production, as bottlenecks from the pandemic lingered and the Ukraine war further strained logistical channels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902032800,"gmtCreate":1659609649902,"gmtModify":1705982127811,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902032800","repostId":"1174697296","repostType":4,"repost":{"id":"1174697296","kind":"news","pubTimestamp":1659584477,"share":"https://ttm.financial/m/news/1174697296?lang=&edition=fundamental","pubTime":"2022-08-04 11:41","market":"sg","language":"en","title":"August 2022: 5 Blue-Chip Stocks with Dividend Yields Above 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1174697296","media":"The Smart Investor","summary":"Dividend-paying stocks are highly sought after as they put cold, hard cash in your bank account and ","content":"<html><head></head><body><p>Dividend-paying stocks are highly sought after as they put cold, hard cash in your bank account and represent a tangible return on your investment.</p><p>Income investors also rely on such companies to generate a stream of passive income that can sustain their lifestyle during retirement.</p><p>But if you are looking for added stability during times of uncertainty, it’s a good idea to look for blue-chip stocks that dole out dividends.</p><p>Blue-chips are so named because they have weathered past downturns successfully and are well-equipped to handle future recessions.</p><p>Here are five blue-chip names that recently announced their earnings and sports dividend yields exceeding four percent.</p><p><b>United Overseas Bank Ltd (SGX: U11)</b></p><p>United Overseas Bank Ltd, or UOB, is one of Singapore’s three big local banks.</p><p>The lender reported an encouraging set of earnings for its fiscal 2022’s first half (1H2022).</p><p>Its net interest margin improved from 1.56% in 1H2021 to 1.63% in the current half-year due to rising global interest rates.</p><p>The bank’s loan book also grew 8% year on year to S$322 billion.</p><p>These improvements helped the bank’s 1H2022 net profit to remain flat year on year at S$2 billion after its first quarter saw a 10% year on year dip.</p><p>UOB declared an interim dividend of S$0.60 per share.</p><p>Coupled with last year’s final dividend of S$0.60, the trailing 12-month dividend stood at S$1.20, giving the bank’s shares a trailing dividend yield of 4.3%.</p><p>Looking ahead, further increases in interest rates bode well for UOB’s net interest income.</p><p><b>Keppel Corporation Limited (SGX: BN4)</b></p><p>Keppel is a conglomerate with four main divisions – energy and environment, urban development, connectivity, and asset management.</p><p>1H2022 saw the group report an improved set of financial numbers, with revenue rising 16% year on year to S$3.3 billion.</p><p>All segments except urban development saw year on year revenue increases.</p><p>Operating profit soared 71% year on year to S$355 million, while net profit jumped 66% year on year to S$498 million.</p><p>An interim dividend of S$0.15/share was declared, higher than the S$0.12 paid out last year.</p><p>The trailing 12-month dividend stood at S$0.36, giving Keppel’s shares a trailing dividend yield of 5.2%.</p><p><b>Hongkong Land Holdings Limited (SGX: H78)</b></p><p>Hongkong Land Holdings, or HKL, is a property management, development and investment group with more than 850,000 square metres of prime office and luxury retail properties in cities such as Hong Kong, Singapore, Beijing and Jakarta.</p><p>The group released its 1H2022 results recently and reported an admirable performance, with underlying net profit rising 8% year on year to US$425 million.</p><p>HKL saw higher profits recognised for its development division and also announced an additional US$500 million share buyback plan.</p><p>The group kept its interim dividend constant year on year at US$0.06.</p><p>Together with last year’s final dividend of US$0.16, the trailing 12-month dividend and dividend yield stands at US$0.22 and 4.2%, respectively.</p><p><b>CapitaLand Integrated Commercial Trust (SGX: C38U)</b></p><p>CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT that owns 21 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia.</p><p>Total property value comes up to S$24.2 billion as of 31 December 2021.</p><p>CICT reported a good set of numbers for 1H2022 as the REIT rides on Singapore’s reopening and its recent portfolio reconstitution efforts.</p><p>Gross revenue rose 6.5% year on year to S$687.6 million while net property income (NPI) increased 6.2% year on year to S$501.6 million.</p><p>Distribution per unit (DPU) inched up 0.8% year on year to S$0.0522.</p><p>Combined with last year’s 2H2021 DPU of S$0.0522, the trailing 12-month DPU stands at S$0.1044, giving CICT’s units a trailing distribution yield of 4.8%.</p><p><b>Mapletree Logistics Trust (SGX: M44U)</b></p><p>Mapletree Logistics Trust, or MLT, owns a portfolio of 185 properties in eight countries with assets under management of S$13 billion as of 30 June 2022.</p><p>The logistics-focused REIT reported a steady set of earnings for its fiscal 2023’s first quarter (1Q2023).</p><p>Gross revenue increased 14.6% year on year to S$187.7 million while NPI rose 13.2% year on year to S$163.2 million.</p><p>DPU crept up by 5% year on year to S$0.02268.</p><p>Trailing 12-month DPU stood at S$0.08894, giving the REIT’s units a trailing distribution yield of 5.1%.</p></body></html>","source":"lsy1602567310727","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>August 2022: 5 Blue-Chip Stocks with Dividend Yields Above 4%</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\">\nAugust 2022: 5 Blue-Chip Stocks with Dividend Yields Above 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-04 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/august-2022-5-blue-chip-stocks-with-dividend-yields-above-4/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dividend-paying stocks are highly sought after as they put cold, hard cash in your bank account and represent a tangible return on your investment.Income investors also rely on such companies to ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/august-2022-5-blue-chip-stocks-with-dividend-yields-above-4/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U11.SI":"大华银行","BN4.SI":"吉宝有限公司","H78.SI":"置地控股有限公司","C38U.SI":"凯德商用新加坡信托","M44U.SI":"丰树物流信托"},"source_url":"https://thesmartinvestor.com.sg/august-2022-5-blue-chip-stocks-with-dividend-yields-above-4/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174697296","content_text":"Dividend-paying stocks are highly sought after as they put cold, hard cash in your bank account and represent a tangible return on your investment.Income investors also rely on such companies to generate a stream of passive income that can sustain their lifestyle during retirement.But if you are looking for added stability during times of uncertainty, it’s a good idea to look for blue-chip stocks that dole out dividends.Blue-chips are so named because they have weathered past downturns successfully and are well-equipped to handle future recessions.Here are five blue-chip names that recently announced their earnings and sports dividend yields exceeding four percent.United Overseas Bank Ltd (SGX: U11)United Overseas Bank Ltd, or UOB, is one of Singapore’s three big local banks.The lender reported an encouraging set of earnings for its fiscal 2022’s first half (1H2022).Its net interest margin improved from 1.56% in 1H2021 to 1.63% in the current half-year due to rising global interest rates.The bank’s loan book also grew 8% year on year to S$322 billion.These improvements helped the bank’s 1H2022 net profit to remain flat year on year at S$2 billion after its first quarter saw a 10% year on year dip.UOB declared an interim dividend of S$0.60 per share.Coupled with last year’s final dividend of S$0.60, the trailing 12-month dividend stood at S$1.20, giving the bank’s shares a trailing dividend yield of 4.3%.Looking ahead, further increases in interest rates bode well for UOB’s net interest income.Keppel Corporation Limited (SGX: BN4)Keppel is a conglomerate with four main divisions – energy and environment, urban development, connectivity, and asset management.1H2022 saw the group report an improved set of financial numbers, with revenue rising 16% year on year to S$3.3 billion.All segments except urban development saw year on year revenue increases.Operating profit soared 71% year on year to S$355 million, while net profit jumped 66% year on year to S$498 million.An interim dividend of S$0.15/share was declared, higher than the S$0.12 paid out last year.The trailing 12-month dividend stood at S$0.36, giving Keppel’s shares a trailing dividend yield of 5.2%.Hongkong Land Holdings Limited (SGX: H78)Hongkong Land Holdings, or HKL, is a property management, development and investment group with more than 850,000 square metres of prime office and luxury retail properties in cities such as Hong Kong, Singapore, Beijing and Jakarta.The group released its 1H2022 results recently and reported an admirable performance, with underlying net profit rising 8% year on year to US$425 million.HKL saw higher profits recognised for its development division and also announced an additional US$500 million share buyback plan.The group kept its interim dividend constant year on year at US$0.06.Together with last year’s final dividend of US$0.16, the trailing 12-month dividend and dividend yield stands at US$0.22 and 4.2%, respectively.CapitaLand Integrated Commercial Trust (SGX: C38U)CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT that owns 21 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia.Total property value comes up to S$24.2 billion as of 31 December 2021.CICT reported a good set of numbers for 1H2022 as the REIT rides on Singapore’s reopening and its recent portfolio reconstitution efforts.Gross revenue rose 6.5% year on year to S$687.6 million while net property income (NPI) increased 6.2% year on year to S$501.6 million.Distribution per unit (DPU) inched up 0.8% year on year to S$0.0522.Combined with last year’s 2H2021 DPU of S$0.0522, the trailing 12-month DPU stands at S$0.1044, giving CICT’s units a trailing distribution yield of 4.8%.Mapletree Logistics Trust (SGX: M44U)Mapletree Logistics Trust, or MLT, owns a portfolio of 185 properties in eight countries with assets under management of S$13 billion as of 30 June 2022.The logistics-focused REIT reported a steady set of earnings for its fiscal 2023’s first quarter (1Q2023).Gross revenue increased 14.6% year on year to S$187.7 million while NPI rose 13.2% year on year to S$163.2 million.DPU crept up by 5% year on year to S$0.02268.Trailing 12-month DPU stood at S$0.08894, giving the REIT’s units a trailing distribution yield of 5.1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906668913,"gmtCreate":1659536417034,"gmtModify":1705981356013,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Proud on it","listText":"Proud on it","text":"Proud on it","images":[{"img":"https://community-static.tradeup.com/news/fcac30eb07c2d360d2ba050e78620b98","width":"1080","height":"1661"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906668913","isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9075548634,"gmtCreate":1658233799428,"gmtModify":1676536125668,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3579343697014515","idStr":"3579343697014515"},"themes":[],"htmlText":"Will generate small cap buyer interest","listText":"Will generate small cap buyer interest","text":"Will generate small cap buyer interest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075548634","repostId":"2252237196","repostType":4,"repost":{"id":"2252237196","kind":"highlight","pubTimestamp":1658213489,"share":"https://ttm.financial/m/news/2252237196?lang=&edition=fundamental","pubTime":"2022-07-19 14:51","market":"us","language":"en","title":"Alphabet's Stock Split Has Taken Effect. Now What?","url":"https://stock-news.laohu8.com/highlight/detail?id=2252237196","media":"Motley Fool","summary":"Alphabet's stock price is now much smaller, which could make it more appealing to retail investors.","content":"<html><head></head><body><p><b>KEY POINTS</b></p><ul><li>Alphabet&#39;s stock split reduced its price per share from $2,235.55 to $111.77 at the start of Monday&#39;s trading.</li><li>The split adds no real value to the company, but it does change the way earnings are calculated.</li><li>Alphabet is an incredibly strong company and is a great value right now.</li></ul><p>Earlier this year, Google parent company <b>Alphabet</b> announced plans to conduct a 20-for-1 stock split. It officially took effect at the market close on Friday, and Monday is the first day of trading with its new, shrunken share price.</p><p>When a company creates a lot of value over the long term, its share price typically generates high returns. In Alphabet&#39;s case, its stock had risen to $2,235.55, which made it a little expensive for investors who were only investing small amounts of money.</p><h2>What Alphabet&#39;s stock split is, and what it isn&#39;t</h2><p>When a stock split occurs, the number of shares in circulation for a given company gets adjusted, which in turn changes its stock price. In Alphabet&#39;s case, its 20-for-1 split means each existing investor will now have 20 shares for each one they previously owned, which has shrunk the price of each share down from $2,235.55 to $111.77. The dollar value of their position stays exactly the same.</p><p>This is a more enticing proposition for smaller investors because they no longer need to fork out thousands of dollars to buy a single share of Alphabet.</p><p>The stock split is entirely cosmetic and has no impact on the intrinsic value of the company, but it does require a small change to the way Alphabet&#39;s earnings per share is calculated. Since there are now 20 times more Alphabet shares in circulation, all of the company&#39;s past earnings per share numbers need to be divided by 20 to accommodate.</p><p>For example, Alphabet has generated $74.5 billion in net income (profit) over the last four quarters, which translated to $110.56 in earnings per share before the split. But now that figure needs to be divided by 20, so it becomes $5.53 in earnings per share. This only relates to Alphabet&#39;s past earnings results; in future reports, the company will make the adjustment.</p><h2>Buy the company, not the stock split</h2><p>Stock splits have captured headlines throughout 2022, not just in relation to Alphabet, but also a handful of other big-tech companies. However, investors should always remember that a company&#39;s fundamentals are the only thing that can create value and drive a stock price higher in the long run.</p><p>Alphabet is one of the most solid tech organizations in the world mainly thanks to Google, its flagship brand. Google has a 91% market share in the internet search industry, which makes it very difficult to disrupt -- and many competitors have tried, including <b>Microsoft</b>, yet that company&#39;s Bing search engine has only mustered a 3% global share.</p><p>Google Search has accounted for 58% of Alphabet&#39;s $270.3 billion in total revenue over the last four quarters, so it&#39;s also the financial engine of the company. But Alphabet has grown to become incredibly diverse, so it receives notable contributions from its other business units, too. The company has a growing hardware segment which produces the Pixel smartphone, the Pixel Buds headphones, and the Nest line of home devices -- to name just a few products.</p><p>Alphabet also owns the world-leading YouTube video platform, which has generated $29.7 billion in ad revenue over the past year and boasts about 2 billion monthly active users. Considering Google bought YouTube for just $1.65 billion in 2006, it&#39;s safe to say the bet has paid off. Its best results might still be ahead as its YouTube Shorts format is proving a worthy competitor to <b>ByteDance</b>&#39;s TikTok, already matching it for users despite launching just two years ago.</p><h2>Alphabet stock is a great value</h2><p>The stock market is having a rough year, but the technology sector is particularly weak. The <b>Nasdaq-100</b> tech index is down 26.5% year to date, which places it firmly in a bear market. As a result, Alphabet stock has lost about 21% from its all-time high -- and that might be a dip worth buying.</p><p>Investors are concerned about high inflation and rising interest rates, which could dampen consumer spending and slow the economy down. Since the bulk of Alphabet&#39;s business relies on advertising revenue, it could feel the pinch if these conditions persist or grow worse. But there might be some good news on the horizon because these pressures are now showing early signs of easing.</p><p>With $5.53 in earnings per share over the last four quarters and a current share price of $111.77, Alphabet trades at a price-to-earnings multiple of 20.2. That&#39;s 18% cheaper than the Nasdaq-100 index, which sits at a multiple of 24.7 right now; given the diversity of Alphabet&#39;s business, that spells opportunity.</p><p>The company has a track record of success and remains a leader in innovation. It&#39;s a great stock to own now and even more so if the economy rebounds, and thanks to the stock split, smaller investors now have a chance to get involved.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet's Stock Split Has Taken Effect. Now What?</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\">\nAlphabet's Stock Split Has Taken Effect. Now What?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-19 14:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/18/alphabets-stock-split-has-taken-effect-now-what/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSAlphabet's stock split reduced its price per share from $2,235.55 to $111.77 at the start of Monday's trading.The split adds no real value to the company, but it does change the way earnings...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/18/alphabets-stock-split-has-taken-effect-now-what/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.fool.com/investing/2022/07/18/alphabets-stock-split-has-taken-effect-now-what/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2252237196","content_text":"KEY POINTSAlphabet's stock split reduced its price per share from $2,235.55 to $111.77 at the start of Monday's trading.The split adds no real value to the company, but it does change the way earnings are calculated.Alphabet is an incredibly strong company and is a great value right now.Earlier this year, Google parent company Alphabet announced plans to conduct a 20-for-1 stock split. It officially took effect at the market close on Friday, and Monday is the first day of trading with its new, shrunken share price.When a company creates a lot of value over the long term, its share price typically generates high returns. In Alphabet's case, its stock had risen to $2,235.55, which made it a little expensive for investors who were only investing small amounts of money.What Alphabet's stock split is, and what it isn'tWhen a stock split occurs, the number of shares in circulation for a given company gets adjusted, which in turn changes its stock price. In Alphabet's case, its 20-for-1 split means each existing investor will now have 20 shares for each one they previously owned, which has shrunk the price of each share down from $2,235.55 to $111.77. The dollar value of their position stays exactly the same.This is a more enticing proposition for smaller investors because they no longer need to fork out thousands of dollars to buy a single share of Alphabet.The stock split is entirely cosmetic and has no impact on the intrinsic value of the company, but it does require a small change to the way Alphabet's earnings per share is calculated. Since there are now 20 times more Alphabet shares in circulation, all of the company's past earnings per share numbers need to be divided by 20 to accommodate.For example, Alphabet has generated $74.5 billion in net income (profit) over the last four quarters, which translated to $110.56 in earnings per share before the split. But now that figure needs to be divided by 20, so it becomes $5.53 in earnings per share. This only relates to Alphabet's past earnings results; in future reports, the company will make the adjustment.Buy the company, not the stock splitStock splits have captured headlines throughout 2022, not just in relation to Alphabet, but also a handful of other big-tech companies. However, investors should always remember that a company's fundamentals are the only thing that can create value and drive a stock price higher in the long run.Alphabet is one of the most solid tech organizations in the world mainly thanks to Google, its flagship brand. Google has a 91% market share in the internet search industry, which makes it very difficult to disrupt -- and many competitors have tried, including Microsoft, yet that company's Bing search engine has only mustered a 3% global share.Google Search has accounted for 58% of Alphabet's $270.3 billion in total revenue over the last four quarters, so it's also the financial engine of the company. But Alphabet has grown to become incredibly diverse, so it receives notable contributions from its other business units, too. The company has a growing hardware segment which produces the Pixel smartphone, the Pixel Buds headphones, and the Nest line of home devices -- to name just a few products.Alphabet also owns the world-leading YouTube video platform, which has generated $29.7 billion in ad revenue over the past year and boasts about 2 billion monthly active users. Considering Google bought YouTube for just $1.65 billion in 2006, it's safe to say the bet has paid off. Its best results might still be ahead as its YouTube Shorts format is proving a worthy competitor to ByteDance's TikTok, already matching it for users despite launching just two years ago.Alphabet stock is a great valueThe stock market is having a rough year, but the technology sector is particularly weak. The Nasdaq-100 tech index is down 26.5% year to date, which places it firmly in a bear market. As a result, Alphabet stock has lost about 21% from its all-time high -- and that might be a dip worth buying.Investors are concerned about high inflation and rising interest rates, which could dampen consumer spending and slow the economy down. Since the bulk of Alphabet's business relies on advertising revenue, it could feel the pinch if these conditions persist or grow worse. But there might be some good news on the horizon because these pressures are now showing early signs of easing.With $5.53 in earnings per share over the last four quarters and a current share price of $111.77, Alphabet trades at a price-to-earnings multiple of 20.2. That's 18% cheaper than the Nasdaq-100 index, which sits at a multiple of 24.7 right now; given the diversity of Alphabet's business, that spells opportunity.The company has a track record of success and remains a leader in innovation. It's a great stock to own now and even more so if the economy rebounds, and thanks to the stock split, smaller investors now have a chance to get involved.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":366949095821464,"gmtCreate":1730595492307,"gmtModify":1730703153612,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Over times, most stocks goes upwards. Fundamental strength of the stock will command for values, hence the stock price. It is obvious that stock price for PLTR will hit $50 by Q1-2025. After breaking records high last 2 weeks, PLTR is in it consolidate position to prepare for next rise. With US election in next few days, focus shifted abit due to few keys factors happening around the globe. Earning result will be out 4th Nov, which likelihood will create some smoke to distract investors, but not value investors. Holding on PLTR will have more advantages then off loading it. It is a GO GO GO, UP UP UP for me.","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Over times, most stocks goes upwards. Fundamental strength of the stock will command for values, hence the stock price. It is obvious that stock price for PLTR will hit $50 by Q1-2025. After breaking records high last 2 weeks, PLTR is in it consolidate position to prepare for next rise. With US election in next few days, focus shifted abit due to few keys factors happening around the globe. Earning result will be out 4th Nov, which likelihood will create some smoke to distract investors, but not value investors. Holding on PLTR will have more advantages then off loading it. It is a GO GO GO, UP UP UP for me.","text":"$Palantir Technologies Inc.(PLTR)$ Over times, most stocks goes upwards. Fundamental strength of the stock will command for values, hence the stock price. It is obvious that stock price for PLTR will hit $50 by Q1-2025. After breaking records high last 2 weeks, PLTR is in it consolidate position to prepare for next rise. With US election in next few days, focus shifted abit due to few keys factors happening around the globe. Earning result will be out 4th Nov, which likelihood will create some smoke to distract investors, but not value investors. Holding on PLTR will have more advantages then off loading it. It is a GO GO GO, UP UP UP for me.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/366949095821464","isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014442678,"gmtCreate":1649715784980,"gmtModify":1676534554010,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Buy in dips","listText":"Buy in dips","text":"Buy in dips","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014442678","repostId":"1125952843","repostType":4,"repost":{"id":"1125952843","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1649689996,"share":"https://ttm.financial/m/news/1125952843?lang=&edition=fundamental","pubTime":"2022-04-11 23:13","market":"us","language":"en","title":"Mega-cap Growth Stocks Fell in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1125952843","media":"Tiger Newspress","summary":"Apple, Tesla, Amazon, Microsoft, Nvidia, Alphabet and Meta Platforms dropped between 2% and 5%.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> and <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> dropped between 2% and 5%.</p><p><img src=\"https://static.tigerbbs.com/50db44177f59fc8ecac0de525b1a74ec\" tg-width=\"435\" tg-height=\"471\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mega-cap Growth Stocks Fell in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMega-cap Growth Stocks Fell in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-11 23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> and <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> dropped between 2% and 5%.</p><p><img src=\"https://static.tigerbbs.com/50db44177f59fc8ecac0de525b1a74ec\" tg-width=\"435\" tg-height=\"471\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","AMZN":"亚马逊","BK4576":"AR","BK4575":"芯片概念","AAPL":"苹果","MSFT":"微软","BK4577":"网络游戏","BK4077":"互动媒体与服务","TSLA":"特斯拉","GOOGL":"谷歌A","CASH":"米塔金融","BK4561":"索罗斯持仓","GOOG":"谷歌","BK4549":"软银资本持仓","BK4548":"巴美列捷福持仓","BK4529":"IDC概念","BK4528":"SaaS概念","BK4532":"文艺复兴科技持仓","NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125952843","content_text":"Apple, Tesla, Amazon, Microsoft, Nvidia, Alphabet and Meta Platforms dropped between 2% and 5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007427332,"gmtCreate":1642987678253,"gmtModify":1676533762475,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Likelihood is a up trend in general. Historical data shown Pre-CNY up... with positive news...Will push up abit further.","listText":"Likelihood is a up trend in general. Historical data shown Pre-CNY up... with positive news...Will push up abit further.","text":"Likelihood is a up trend in general. Historical data shown Pre-CNY up... with positive news...Will push up abit further.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007427332","repostId":"1168632526","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582028884093480","authorId":"3582028884093480","name":"慢的老人","avatar":"https://static.tigerbbs.com/d8809bb976396889eb133162af0901b8","crmLevel":4,"crmLevelSwitch":1,"idStr":"3582028884093480","authorIdStr":"3582028884093480"},"content":"Don't think historical trends are good indicators anymore. In the past 2 years, COVID and influx of retail investors have distorted the trade patterns of the stock markets","text":"Don't think historical trends are good indicators anymore. In the past 2 years, COVID and influx of retail investors have distorted the trade patterns of the stock markets","html":"Don't think historical trends are good indicators anymore. In the past 2 years, COVID and influx of retail investors have distorted the trade patterns of the stock markets"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9992310729,"gmtCreate":1661262478563,"gmtModify":1676536484559,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Largest player...never goes wrong","listText":"Largest player...never goes wrong","text":"Largest player...never goes wrong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992310729","repostId":"2261168350","repostType":4,"repost":{"id":"2261168350","kind":"highlight","pubTimestamp":1661268577,"share":"https://ttm.financial/m/news/2261168350?lang=&edition=fundamental","pubTime":"2022-08-23 23:29","market":"us","language":"en","title":"Bitcoin’s Next Move: 5 Things to Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2261168350","media":"Barrons","summary":"Bitcoin climbed almost 25% in July, but investors are unlikely to see a repeat of those gains in Aug","content":"<html><head></head><body><p>Bitcoin climbed almost 25% in July, but investors are unlikely to see a repeat of those gains in August. Digital assets continue to trade sideways, and Bitcoin -- the largest crypto -- can&#39;t seem to break out of the $20,000 to $24,000 range.</p><p>With Bitcoin still trading at less than one-third of its all-time high near $69,000, reached in November 2021, optimistic cryptocurrency holders are likely to continue hoping for something that will drive token prices higher. There are at least five trends that investors should be watching, according to Sheena Shah and Kinji Steimetz, analysts at Morgan Stanley.</p><p>One trend, the crypto equivalent of quantitative tightening, is the falling availability of stablecoins like Tether&#39;s USDT and Circle&#39;s USDC, the analysts wrote in a note Friday. Stablecoins stand at the heart of the crypto world, forming the foundations of trading and lending activities, and their availability is a key sign of both liquidity in crypto and demand for leverage, or money borrowed to trade.</p><p>Changes in the market capitalization of stablecoins -- a measure of the amount in circulation since each coin is meant to be worth a dollar -- could be a leading indicator of Bitcoin prices, according to Shah and Steimetz. In June, Tether&#39;s market cap fell 20% in about a month, while Bitcoin fell 45% over the same period to below $30,000.</p><p>&#34;This week marked the first time since April that stablecoin market capitalization has stopped falling on a monthly basis,&#34; the Morgan Stanley analysts said. &#34;This may be a sign that the extreme institutional deleveraging appears to have paused for now.&#34;</p><p>A widespread halt to deleveraging in crypto could signal that the worst of the recent market turmoil is over, paving the way for institutions and other influential traders to turn bullish on Bitcoin again.</p><p>That is why changes in demand for leverage in crypto, similarly indicated by the market cap of stablecoins, is the second trend to keep an eye on. If demand for leverage in crypto rises, prompting people to move dollars into stablecoins, the market caps of stablecoins would likely rise. That could mark a bullish turn because leverage exacerbates prices swings and raises the prospect that gains from solid rallies would be juiced up.</p><p>However, &#34;there doesn&#39;t seem to be huge demand to re-leverage in the crypto world at this moment: decentralised finance (DeFi) platform lending is still down 70% this year,&#34; wrote Shah and Steimetz. &#34;In our opinion, it will be hard for this crypto cycle to bottom without fiat leverage growing or crypto leverage growing.&#34;</p><p>The third trend to watch is stablecoins&#39; market caps relative to one another, specifically swings in the relationship between the amount of issued USDT and USDC, the most influential stablecoins pegged to the U.S. dollar and the third- and fourth-largest digital tokens.</p><p>Typically, the market caps of USDT and USDC move in opposite directions -- i.e. traders seem to generally rotate out of one and into another -- and <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> sees a link between periods when USDC total value is growing and later gains in Bitcoin prices.</p><p>&#34;The general trends in USDC market capitalization growth appear to lead growth of Bitcoin&#39;s price about two months later,&#34; the Morgan Stanley team said, noting that &#34;of course we cannot use this as a trading signal as the historical relationship is volatile, has outliers (Bitcoin rally in June) and not a long history.&#34;</p><p>Nevertheless, it is a compelling flag. Tether&#39;s market cap fell by $9 billion over the course of a week in early May, to $74 billion from $83 billion, while USDC&#39;s market cap jumped to $52 billion from $48 billion over the same period. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> months later -- July -- saw Bitcoin notch its best month all year.</p><p>Now, this trend looks to be reversing course, with USDC&#39;s circulation now down almost $4 billion from its July peak while issuance of USDT has been growing. If the pattern holds, that could be negative for Bitcoin.</p><p>Ultimately, however, the macroeconomic picture is what matters, according to Morgan Stanley. While Bitcoin and its peers should, in theory, be uncorrelated to mainstream finance, they have shown to be largely linked to other risk-sensitive bets, like tech stocks. A lot of the gains for tech stocks, and crypto, in recent years can be put at the feet of loose central-bank policy that has injected liquidity into global markets.</p><p>&#34;Since 2013, Bitcoin&#39;s market capitalization growth has generally tracked the growth of global fiat M2 money supply. When central banks eased and injected liquidity, that liquidity ended up in risk assets, including crypto,&#34; the analysts said. &#34;We expect [Bitcoin&#39;s] correlation with the equity markets to remain high.&#34;</p><p>Expectations of future money supply growth, which is a function of the size of the Federal Reserve&#39;s balance sheet and interest rates, are likely to be the most dominant force on Bitcoin prices, according to Morgan Stanley.</p><p>&#34;Near term crypto markets therefore will place most trading focus on inflation expectations and market pricing for rate hikes,&#34; said Shah and Steimetz.</p><p>The central bank has tightened monetary policy aggressively and raised interest rates as it battles the highest inflation in four decades -- a pathway it isn&#39;t expected to veer from until 2023 at the earliest. That is why inflation and the Fed&#39;s monetary policy plans are the fourth and fifth factors investors should watch for Bitcoin&#39;s next move.</p><p>The coming days could bring more clarity for the market.</p><p>The Fed&#39;s preferred measure of inflation is due Friday in the form of July&#39;s core personal-consumption expenditures index. Also on Friday, Fed Chair Jerome Powell is due to speak at the Jackson Hole economic conference, which is likely to be key for clarifying investors&#39; expectations around Fed policy.</p><p>These events will no doubt be one of the most important short-term catalysts for crypto in the week ahead, to say nothing of expectations for inflation and rates in the months to come. Just as in stocks, crypto investors can&#39;t fight the Fed.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin’s Next Move: 5 Things to Watch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin’s Next Move: 5 Things to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-23 23:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bitcoin-price-next-move-51661200030?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin climbed almost 25% in July, but investors are unlikely to see a repeat of those gains in August. Digital assets continue to trade sideways, and Bitcoin -- the largest crypto -- can't seem to ...</p>\n\n<a href=\"https://www.barrons.com/articles/bitcoin-price-next-move-51661200030?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/bitcoin-price-next-move-51661200030?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2261168350","content_text":"Bitcoin climbed almost 25% in July, but investors are unlikely to see a repeat of those gains in August. Digital assets continue to trade sideways, and Bitcoin -- the largest crypto -- can't seem to break out of the $20,000 to $24,000 range.With Bitcoin still trading at less than one-third of its all-time high near $69,000, reached in November 2021, optimistic cryptocurrency holders are likely to continue hoping for something that will drive token prices higher. There are at least five trends that investors should be watching, according to Sheena Shah and Kinji Steimetz, analysts at Morgan Stanley.One trend, the crypto equivalent of quantitative tightening, is the falling availability of stablecoins like Tether's USDT and Circle's USDC, the analysts wrote in a note Friday. Stablecoins stand at the heart of the crypto world, forming the foundations of trading and lending activities, and their availability is a key sign of both liquidity in crypto and demand for leverage, or money borrowed to trade.Changes in the market capitalization of stablecoins -- a measure of the amount in circulation since each coin is meant to be worth a dollar -- could be a leading indicator of Bitcoin prices, according to Shah and Steimetz. In June, Tether's market cap fell 20% in about a month, while Bitcoin fell 45% over the same period to below $30,000.\"This week marked the first time since April that stablecoin market capitalization has stopped falling on a monthly basis,\" the Morgan Stanley analysts said. \"This may be a sign that the extreme institutional deleveraging appears to have paused for now.\"A widespread halt to deleveraging in crypto could signal that the worst of the recent market turmoil is over, paving the way for institutions and other influential traders to turn bullish on Bitcoin again.That is why changes in demand for leverage in crypto, similarly indicated by the market cap of stablecoins, is the second trend to keep an eye on. If demand for leverage in crypto rises, prompting people to move dollars into stablecoins, the market caps of stablecoins would likely rise. That could mark a bullish turn because leverage exacerbates prices swings and raises the prospect that gains from solid rallies would be juiced up.However, \"there doesn't seem to be huge demand to re-leverage in the crypto world at this moment: decentralised finance (DeFi) platform lending is still down 70% this year,\" wrote Shah and Steimetz. \"In our opinion, it will be hard for this crypto cycle to bottom without fiat leverage growing or crypto leverage growing.\"The third trend to watch is stablecoins' market caps relative to one another, specifically swings in the relationship between the amount of issued USDT and USDC, the most influential stablecoins pegged to the U.S. dollar and the third- and fourth-largest digital tokens.Typically, the market caps of USDT and USDC move in opposite directions -- i.e. traders seem to generally rotate out of one and into another -- and Morgan Stanley sees a link between periods when USDC total value is growing and later gains in Bitcoin prices.\"The general trends in USDC market capitalization growth appear to lead growth of Bitcoin's price about two months later,\" the Morgan Stanley team said, noting that \"of course we cannot use this as a trading signal as the historical relationship is volatile, has outliers (Bitcoin rally in June) and not a long history.\"Nevertheless, it is a compelling flag. Tether's market cap fell by $9 billion over the course of a week in early May, to $74 billion from $83 billion, while USDC's market cap jumped to $52 billion from $48 billion over the same period. Two months later -- July -- saw Bitcoin notch its best month all year.Now, this trend looks to be reversing course, with USDC's circulation now down almost $4 billion from its July peak while issuance of USDT has been growing. If the pattern holds, that could be negative for Bitcoin.Ultimately, however, the macroeconomic picture is what matters, according to Morgan Stanley. While Bitcoin and its peers should, in theory, be uncorrelated to mainstream finance, they have shown to be largely linked to other risk-sensitive bets, like tech stocks. A lot of the gains for tech stocks, and crypto, in recent years can be put at the feet of loose central-bank policy that has injected liquidity into global markets.\"Since 2013, Bitcoin's market capitalization growth has generally tracked the growth of global fiat M2 money supply. When central banks eased and injected liquidity, that liquidity ended up in risk assets, including crypto,\" the analysts said. \"We expect [Bitcoin's] correlation with the equity markets to remain high.\"Expectations of future money supply growth, which is a function of the size of the Federal Reserve's balance sheet and interest rates, are likely to be the most dominant force on Bitcoin prices, according to Morgan Stanley.\"Near term crypto markets therefore will place most trading focus on inflation expectations and market pricing for rate hikes,\" said Shah and Steimetz.The central bank has tightened monetary policy aggressively and raised interest rates as it battles the highest inflation in four decades -- a pathway it isn't expected to veer from until 2023 at the earliest. That is why inflation and the Fed's monetary policy plans are the fourth and fifth factors investors should watch for Bitcoin's next move.The coming days could bring more clarity for the market.The Fed's preferred measure of inflation is due Friday in the form of July's core personal-consumption expenditures index. Also on Friday, Fed Chair Jerome Powell is due to speak at the Jackson Hole economic conference, which is likely to be key for clarifying investors' expectations around Fed policy.These events will no doubt be one of the most important short-term catalysts for crypto in the week ahead, to say nothing of expectations for inflation and rates in the months to come. Just as in stocks, crypto investors can't fight the Fed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040842035,"gmtCreate":1655647415427,"gmtModify":1676535677465,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Buy Buy buy","listText":"Buy Buy buy","text":"Buy Buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040842035","repostId":"2244517881","repostType":4,"repost":{"id":"2244517881","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1655602027,"share":"https://ttm.financial/m/news/2244517881?lang=&edition=fundamental","pubTime":"2022-06-19 09:27","market":"us","language":"en","title":"Alibaba Is Now Popular Among Bargain Hunters","url":"https://stock-news.laohu8.com/highlight/detail?id=2244517881","media":"Dow Jones","summary":"By Reshma KapadiaWhen discussions turn to China, one question that always pops up from U.S. investor","content":"<html><head></head><body><p>By Reshma Kapadia</p><p>When discussions turn to China, <a href=\"https://laohu8.com/S/AONE.U\">one</a> question that always pops up from U.S. investors: Is it safe yet to buy Alibaba Group Holding, the e-commerce juggernaut that has been battered over the past two years amid the country&#39;s crackdown on technology?</p><p>Alibaba&#39;s stock (ticker: BABA) fell 74% from its peak in fall 2020 at $317, to its low in March, and shares are still down 10% this year. Barron&#39;s has been cautious for a while as others have jumped in.</p><p>Volatility is likely to continue. After all, Alibaba is a popular proxy for China and a multitude of risks persist. Policy makers must steady the country&#39;s battered economy and deal with Covid. Chinese companies continue to face the prospect of U.S. delistings, and even broader U.S. investment restrictions.</p><p>But the magnitude of further declines may be limited. The stock has recouped 30% in the past month to a recent $106.45, as Chinese policy makers intent on stabilizing the economy have hit the pause on their regulatory onslaught of the internet sector.</p><p>Even emerging markets managers bargain-hunting elsewhere in China -- in software, financials, or renewable companies while de-emphasizing the internet sector that once dominated their portfolios -- expect Alibaba to remain dominant and the go-to spot for anyone trying to sell to Chinese consumers.</p><p>Value managers are jumping in, even as they acknowledge the risks. David Herro, manager of the Oakmark International Fund, accounts for some of these risks by lowering the multiples he is willing to pay for Chinese companies versus a couple of years ago. Plus, concerns about transparency and other risks means he models a cost of equity for Chinese companies close to 14%, compared with 9% or 10%, for a U.S. company.</p><p>At 14 times this year&#39;s earnings and 11.5 times 2024, Herro sees fire-sale levels. &#34;It&#39;s probably the world&#39;s most efficient e-tailer, with the No. 1 financial services company and cloud computing businesses, generating a ton of cash,&#34; Herro says, noting the company&#39;s recent $15 billion stock buyback and $80 billion in net cash and long-term investments -- roughly a quarter of the company&#39;s market value.</p><p>The company isn&#39;t without its challenges. Alibaba faces increasing competition, and the company may need to do more in service to the government&#39;s priorities, which could crimp growth and margins.</p><p>But there could be a silver lining. The changes could push Alibaba to retrench some of the aggressive investments that fund managers have worried about, especially projects that have no clear path to profitability, like group grocery buying, according to Caroline Cai, manager of the Pzena Emerging Markets Value Fund.</p><p>Alibaba is also cutting costs, trying to become more efficient, and some of its money-losing investments like southeast Asia e-commerce platform Lazada are beginning to show more promise, potentially offsetting margin pressures.</p><p>The potential upside draws investors like Cai.</p><p>&#34;It comes down to &#39;do you want to get involved when everything everyone is worried about is getting discounted in the valuation?&#39;&#34; she asks. For the deep value investor, the answer is yes, and Cai has been adding to Alibaba and China more broadly.</p><p>The near-term also offers some catalysts for stocks like Alibaba. China&#39;s economic data could begin to improve after the hit it took during Covid-related lockdowns in Shanghai and Beijing, and policy makers are adding stimulus -- a marked contrast to what is happening in the U.S.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Is Now Popular Among Bargain Hunters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Is Now Popular Among Bargain Hunters\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-19 09:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>By Reshma Kapadia</p><p>When discussions turn to China, <a href=\"https://laohu8.com/S/AONE.U\">one</a> question that always pops up from U.S. investors: Is it safe yet to buy Alibaba Group Holding, the e-commerce juggernaut that has been battered over the past two years amid the country&#39;s crackdown on technology?</p><p>Alibaba&#39;s stock (ticker: BABA) fell 74% from its peak in fall 2020 at $317, to its low in March, and shares are still down 10% this year. Barron&#39;s has been cautious for a while as others have jumped in.</p><p>Volatility is likely to continue. After all, Alibaba is a popular proxy for China and a multitude of risks persist. Policy makers must steady the country&#39;s battered economy and deal with Covid. Chinese companies continue to face the prospect of U.S. delistings, and even broader U.S. investment restrictions.</p><p>But the magnitude of further declines may be limited. The stock has recouped 30% in the past month to a recent $106.45, as Chinese policy makers intent on stabilizing the economy have hit the pause on their regulatory onslaught of the internet sector.</p><p>Even emerging markets managers bargain-hunting elsewhere in China -- in software, financials, or renewable companies while de-emphasizing the internet sector that once dominated their portfolios -- expect Alibaba to remain dominant and the go-to spot for anyone trying to sell to Chinese consumers.</p><p>Value managers are jumping in, even as they acknowledge the risks. David Herro, manager of the Oakmark International Fund, accounts for some of these risks by lowering the multiples he is willing to pay for Chinese companies versus a couple of years ago. Plus, concerns about transparency and other risks means he models a cost of equity for Chinese companies close to 14%, compared with 9% or 10%, for a U.S. company.</p><p>At 14 times this year&#39;s earnings and 11.5 times 2024, Herro sees fire-sale levels. &#34;It&#39;s probably the world&#39;s most efficient e-tailer, with the No. 1 financial services company and cloud computing businesses, generating a ton of cash,&#34; Herro says, noting the company&#39;s recent $15 billion stock buyback and $80 billion in net cash and long-term investments -- roughly a quarter of the company&#39;s market value.</p><p>The company isn&#39;t without its challenges. Alibaba faces increasing competition, and the company may need to do more in service to the government&#39;s priorities, which could crimp growth and margins.</p><p>But there could be a silver lining. The changes could push Alibaba to retrench some of the aggressive investments that fund managers have worried about, especially projects that have no clear path to profitability, like group grocery buying, according to Caroline Cai, manager of the Pzena Emerging Markets Value Fund.</p><p>Alibaba is also cutting costs, trying to become more efficient, and some of its money-losing investments like southeast Asia e-commerce platform Lazada are beginning to show more promise, potentially offsetting margin pressures.</p><p>The potential upside draws investors like Cai.</p><p>&#34;It comes down to &#39;do you want to get involved when everything everyone is worried about is getting discounted in the valuation?&#39;&#34; she asks. For the deep value investor, the answer is yes, and Cai has been adding to Alibaba and China more broadly.</p><p>The near-term also offers some catalysts for stocks like Alibaba. China&#39;s economic data could begin to improve after the hit it took during Covid-related lockdowns in Shanghai and Beijing, and policy makers are adding stimulus -- a marked contrast to what is happening in the U.S.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BPOP":"大众银行","BABA":"阿里巴巴","09988":"阿里巴巴-W","BK4211":"区域性银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244517881","content_text":"By Reshma KapadiaWhen discussions turn to China, one question that always pops up from U.S. investors: Is it safe yet to buy Alibaba Group Holding, the e-commerce juggernaut that has been battered over the past two years amid the country's crackdown on technology?Alibaba's stock (ticker: BABA) fell 74% from its peak in fall 2020 at $317, to its low in March, and shares are still down 10% this year. Barron's has been cautious for a while as others have jumped in.Volatility is likely to continue. After all, Alibaba is a popular proxy for China and a multitude of risks persist. Policy makers must steady the country's battered economy and deal with Covid. Chinese companies continue to face the prospect of U.S. delistings, and even broader U.S. investment restrictions.But the magnitude of further declines may be limited. The stock has recouped 30% in the past month to a recent $106.45, as Chinese policy makers intent on stabilizing the economy have hit the pause on their regulatory onslaught of the internet sector.Even emerging markets managers bargain-hunting elsewhere in China -- in software, financials, or renewable companies while de-emphasizing the internet sector that once dominated their portfolios -- expect Alibaba to remain dominant and the go-to spot for anyone trying to sell to Chinese consumers.Value managers are jumping in, even as they acknowledge the risks. David Herro, manager of the Oakmark International Fund, accounts for some of these risks by lowering the multiples he is willing to pay for Chinese companies versus a couple of years ago. Plus, concerns about transparency and other risks means he models a cost of equity for Chinese companies close to 14%, compared with 9% or 10%, for a U.S. company.At 14 times this year's earnings and 11.5 times 2024, Herro sees fire-sale levels. \"It's probably the world's most efficient e-tailer, with the No. 1 financial services company and cloud computing businesses, generating a ton of cash,\" Herro says, noting the company's recent $15 billion stock buyback and $80 billion in net cash and long-term investments -- roughly a quarter of the company's market value.The company isn't without its challenges. Alibaba faces increasing competition, and the company may need to do more in service to the government's priorities, which could crimp growth and margins.But there could be a silver lining. The changes could push Alibaba to retrench some of the aggressive investments that fund managers have worried about, especially projects that have no clear path to profitability, like group grocery buying, according to Caroline Cai, manager of the Pzena Emerging Markets Value Fund.Alibaba is also cutting costs, trying to become more efficient, and some of its money-losing investments like southeast Asia e-commerce platform Lazada are beginning to show more promise, potentially offsetting margin pressures.The potential upside draws investors like Cai.\"It comes down to 'do you want to get involved when everything everyone is worried about is getting discounted in the valuation?'\" she asks. For the deep value investor, the answer is yes, and Cai has been adding to Alibaba and China more broadly.The near-term also offers some catalysts for stocks like Alibaba. China's economic data could begin to improve after the hit it took during Covid-related lockdowns in Shanghai and Beijing, and policy makers are adding stimulus -- a marked contrast to what is happening in the U.S.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029058966,"gmtCreate":1652707193755,"gmtModify":1676535145383,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Opportunity to buy","listText":"Opportunity to buy","text":"Opportunity to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029058966","repostId":"2235835962","repostType":4,"repost":{"id":"2235835962","kind":"highlight","pubTimestamp":1652706172,"share":"https://ttm.financial/m/news/2235835962?lang=&edition=fundamental","pubTime":"2022-05-16 21:02","market":"us","language":"en","title":"2 Cheap Growth Stocks Near Their 52-Week Lows to Buy and Forget","url":"https://stock-news.laohu8.com/highlight/detail?id=2235835962","media":"Motley Fool","summary":"Buying these stocks on the dip could result in big returns for investors.","content":"<html><head></head><body><p>The <b>S&amp;P 500</b> is off to a horrible start in 2022, falling more than 16% just over four months into the year. And the worst thing investors can do right about now is &#34;obsess&#34; about their investments and constantly check on stock prices. That&#39;s a surefire way to panic and make a knee-jerk decision that you regret later on.</p><p>A much safer strategy is to find some good deals, buy them, and leave those investments alone. A company with good fundamentals that has a bright future will do well over the long haul, regardless of what the markets do in the short term. A couple of growth stocks that are trading near their 52-week lows and can be tempting options to just buy and forget about include <b>Seagen</b> and <b>Alphabet</b>.</p><h2>1. Seagen</h2><p>Shares of healthcare company Seagen have fallen more than 20% since the start of the year. Although that&#39;s not disastrous, given how badly the markets have been performing, it&#39;s been enough of a drop to push Seagen down to a new 52-week low recently.</p><p>The good news is that Seagen&#39;s business isn&#39;t in bad shape. On the contrary, it can be an attractive pickup for long-term investors. It has some promising cancer medications in its portfolio, including Adcetris, which treats Hodgkin&#39;s lymphoma. Seagen anticipates that Adcetris will bring in up to $755 million in revenue this year, accounting for nearly half of the company&#39;s total product revenue.</p><p>But Seagen&#39;s business is broader than just <a href=\"https://laohu8.com/S/AONE.U\">one</a> drug, with bladder cancer drug Padcev and breast cancer medicine Tukysa projected to bring in up to $455 million and $335 million this year, respectively. Cervical cancer drug Tivdak is new, with the Food and Drug Administration approving it in September. And it could end up being a blockbuster, generating more than $1 billion in annual revenue for Seagen down the road; the company hasn&#39;t forecasted its contribution to the top line this year, but through the first three months of 2022, it generated over $11 million in sales.</p><p>Overall, Seagen forecasts that net product sales could top more than $1.5 billion and increase by 12% this year. While that isn&#39;t an astronomical growth rate, the company has trials ongoing to expand the indications for its existing products and potentially lead to more growth opportunities in the future. In total, management says that it has more than 17 pipeline programs that it is advancing in 2022.</p><p>Another positive for long-term investors is that while Seagen remains unprofitable today, the company&#39;s business is well funded. As of the end of March, the company had more than $1.9 billion in cash and short-term investments on its books. Last year, the company burned through $500 million in cash over the course of its day-to-day operating activities.</p><p>And so as long as Seagen&#39;s cash burn doesn&#39;t significantly worsen this year (and there&#39;s no reason to expect that it will), the business doesn&#39;t need to depend on frequent share offerings (i.e., dilution) to fund its growth. That can make the stock a relatively safe growth investment to hang on to for the long haul, and one that investors won&#39;t have to worry about.</p><h2>2. Alphabet</h2><p>Alphabet&#39;s stock has been nosediving this year, and the release of its latest earnings report last month didn&#39;t help matters either. The tech company&#39;s first-quarter performance fell short of analyst expectations, with both the top and bottom lines showing some weakness. In particular, advertising from YouTube was soft, with ad sales from the video platform coming in at $6.87 billion for the first three months of the year versus Wall Street estimates of $7.51 billion.</p><p>However, there&#39;s still plenty of growth ahead for the business. According to Technavio, online ad spending is projected to grow at a compounded annual growth rate of just under 11% until 2026. And in what researchers call a fragmented market, where few players (including Alphabet) dominate, the company stands to benefit from a lot of that long-term growth. An underwhelming performance in Alphabet&#39;s most recent quarterly earnings doesn&#39;t change the long-term trajectory of its business, which remains strong.</p><p>With shares of Alphabet down 20% so far this year, now could be an optimal time to buy the stock. Its price-to-earnings ratio of 21 looks like a steal for a business that is still growing revenue at a rate of 23%. Over the past couple of years, it hasn&#39;t been uncommon to see the stock trade at more than 30 times its trailing profits.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Cheap Growth Stocks Near Their 52-Week Lows to Buy and Forget</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Cheap Growth Stocks Near Their 52-Week Lows to Buy and Forget\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-16 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/16/2-cheap-growth-stocks-near-their-52-week-lows-to-b/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 is off to a horrible start in 2022, falling more than 16% just over four months into the year. And the worst thing investors can do right about now is \"obsess\" about their investments and ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/16/2-cheap-growth-stocks-near-their-52-week-lows-to-b/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","SGEN":"Seagen"},"source_url":"https://www.fool.com/investing/2022/05/16/2-cheap-growth-stocks-near-their-52-week-lows-to-b/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2235835962","content_text":"The S&P 500 is off to a horrible start in 2022, falling more than 16% just over four months into the year. And the worst thing investors can do right about now is \"obsess\" about their investments and constantly check on stock prices. That's a surefire way to panic and make a knee-jerk decision that you regret later on.A much safer strategy is to find some good deals, buy them, and leave those investments alone. A company with good fundamentals that has a bright future will do well over the long haul, regardless of what the markets do in the short term. A couple of growth stocks that are trading near their 52-week lows and can be tempting options to just buy and forget about include Seagen and Alphabet.1. SeagenShares of healthcare company Seagen have fallen more than 20% since the start of the year. Although that's not disastrous, given how badly the markets have been performing, it's been enough of a drop to push Seagen down to a new 52-week low recently.The good news is that Seagen's business isn't in bad shape. On the contrary, it can be an attractive pickup for long-term investors. It has some promising cancer medications in its portfolio, including Adcetris, which treats Hodgkin's lymphoma. Seagen anticipates that Adcetris will bring in up to $755 million in revenue this year, accounting for nearly half of the company's total product revenue.But Seagen's business is broader than just one drug, with bladder cancer drug Padcev and breast cancer medicine Tukysa projected to bring in up to $455 million and $335 million this year, respectively. Cervical cancer drug Tivdak is new, with the Food and Drug Administration approving it in September. And it could end up being a blockbuster, generating more than $1 billion in annual revenue for Seagen down the road; the company hasn't forecasted its contribution to the top line this year, but through the first three months of 2022, it generated over $11 million in sales.Overall, Seagen forecasts that net product sales could top more than $1.5 billion and increase by 12% this year. While that isn't an astronomical growth rate, the company has trials ongoing to expand the indications for its existing products and potentially lead to more growth opportunities in the future. In total, management says that it has more than 17 pipeline programs that it is advancing in 2022.Another positive for long-term investors is that while Seagen remains unprofitable today, the company's business is well funded. As of the end of March, the company had more than $1.9 billion in cash and short-term investments on its books. Last year, the company burned through $500 million in cash over the course of its day-to-day operating activities.And so as long as Seagen's cash burn doesn't significantly worsen this year (and there's no reason to expect that it will), the business doesn't need to depend on frequent share offerings (i.e., dilution) to fund its growth. That can make the stock a relatively safe growth investment to hang on to for the long haul, and one that investors won't have to worry about.2. AlphabetAlphabet's stock has been nosediving this year, and the release of its latest earnings report last month didn't help matters either. The tech company's first-quarter performance fell short of analyst expectations, with both the top and bottom lines showing some weakness. In particular, advertising from YouTube was soft, with ad sales from the video platform coming in at $6.87 billion for the first three months of the year versus Wall Street estimates of $7.51 billion.However, there's still plenty of growth ahead for the business. According to Technavio, online ad spending is projected to grow at a compounded annual growth rate of just under 11% until 2026. And in what researchers call a fragmented market, where few players (including Alphabet) dominate, the company stands to benefit from a lot of that long-term growth. An underwhelming performance in Alphabet's most recent quarterly earnings doesn't change the long-term trajectory of its business, which remains strong.With shares of Alphabet down 20% so far this year, now could be an optimal time to buy the stock. Its price-to-earnings ratio of 21 looks like a steal for a business that is still growing revenue at a rate of 23%. Over the past couple of years, it hasn't been uncommon to see the stock trade at more than 30 times its trailing profits.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039235737,"gmtCreate":1646047416057,"gmtModify":1676534085047,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"EV....NIO will ride on together&nbsp;","listText":"EV....NIO will ride on together&nbsp;","text":"EV....NIO will ride on together","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039235737","repostId":"1127024718","repostType":4,"repost":{"id":"1127024718","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646038899,"share":"https://ttm.financial/m/news/1127024718?lang=&edition=fundamental","pubTime":"2022-02-28 17:01","market":"us","language":"en","title":"Nio Shares Jumped 2.7% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1127024718","media":"Tiger Newspress","summary":"China EV Maker Niosharesjumped2.7%in premarket tradingasthecompanypursued Hong Kong, Singapore secondary listings.Chinese electric vehicle (EV) maker Nio Incplans to carry out secondary listings by in","content":"<html><head></head><body><p>China EV Maker Nio shares jumped 2.7% in premarket trading as the company pursued Hong Kong, Singapore secondary listings.</p><p><img src=\"https://static.tigerbbs.com/cd401147ca5ce136e483f903b080ffab\" tg-width=\"840\" tg-height=\"617\" width=\"100%\" height=\"auto\"/></p><p>Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region.</p><p>Stock exchange filings on Monday showed the New York-listed firm had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city, while the Singapore Exchange was reviewing an application for a secondary listing on the main bourse of that board.</p><p>Shanghai-based Nio said the Class A shares are due to start trading on March 10 in Hong Kong under the code 9866 once it receives final approval from the stock exchange.</p><p>Its primary listing will remain in New York, the company said.</p><p>Unlike a typical initial public offering (IPO) or secondary listing, companies listing stock by introduction raise no capital and issue no new shares.</p><p>The mechanism was popular among companies in the past looking to build a brand in Hong Kong and the rest of Greater China.</p><p>The decision to pursue an listing by introduction was ordered by the company to not dilute or put further pressure on its stock by issuing new shares in Hong Kong and Singapore, according to a source with direct knowledge of the matter.</p><p>Singapore was chosen as a listing venue because of the company&#39;s desire to grow its EV market share in that region, the source added.</p><p>The source could not be named as the information was not yet public. Nio did not immediately respond to a request for comment.</p><p>A Singapore Exchange spokesperson declined to comment on Nio&#39;s listing application. The spokesperson said SGX had nearly 30 secondary listings from companies from diverse sectors and geographies as firms look to broaden their access to a wider range of investors while using the city-state as a launchpad into Southeast Asia.</p><p>Nio&#39;s New York shares have fallen nearly 34% so far this year.</p><p>Nio had planned to list in Hong Kong last year but faced questions from regulators over its company structure, including a &#34;users trust&#34;, Bloomberg reported in September.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Shares Jumped 2.7% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Shares Jumped 2.7% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-28 17:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China EV Maker Nio shares jumped 2.7% in premarket trading as the company pursued Hong Kong, Singapore secondary listings.</p><p><img src=\"https://static.tigerbbs.com/cd401147ca5ce136e483f903b080ffab\" tg-width=\"840\" tg-height=\"617\" width=\"100%\" height=\"auto\"/></p><p>Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region.</p><p>Stock exchange filings on Monday showed the New York-listed firm had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city, while the Singapore Exchange was reviewing an application for a secondary listing on the main bourse of that board.</p><p>Shanghai-based Nio said the Class A shares are due to start trading on March 10 in Hong Kong under the code 9866 once it receives final approval from the stock exchange.</p><p>Its primary listing will remain in New York, the company said.</p><p>Unlike a typical initial public offering (IPO) or secondary listing, companies listing stock by introduction raise no capital and issue no new shares.</p><p>The mechanism was popular among companies in the past looking to build a brand in Hong Kong and the rest of Greater China.</p><p>The decision to pursue an listing by introduction was ordered by the company to not dilute or put further pressure on its stock by issuing new shares in Hong Kong and Singapore, according to a source with direct knowledge of the matter.</p><p>Singapore was chosen as a listing venue because of the company&#39;s desire to grow its EV market share in that region, the source added.</p><p>The source could not be named as the information was not yet public. Nio did not immediately respond to a request for comment.</p><p>A Singapore Exchange spokesperson declined to comment on Nio&#39;s listing application. The spokesperson said SGX had nearly 30 secondary listings from companies from diverse sectors and geographies as firms look to broaden their access to a wider range of investors while using the city-state as a launchpad into Southeast Asia.</p><p>Nio&#39;s New York shares have fallen nearly 34% so far this year.</p><p>Nio had planned to list in Hong Kong last year but faced questions from regulators over its company structure, including a &#34;users trust&#34;, Bloomberg reported in September.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127024718","content_text":"China EV Maker Nio shares jumped 2.7% in premarket trading as the company pursued Hong Kong, Singapore secondary listings.Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region.Stock exchange filings on Monday showed the New York-listed firm had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city, while the Singapore Exchange was reviewing an application for a secondary listing on the main bourse of that board.Shanghai-based Nio said the Class A shares are due to start trading on March 10 in Hong Kong under the code 9866 once it receives final approval from the stock exchange.Its primary listing will remain in New York, the company said.Unlike a typical initial public offering (IPO) or secondary listing, companies listing stock by introduction raise no capital and issue no new shares.The mechanism was popular among companies in the past looking to build a brand in Hong Kong and the rest of Greater China.The decision to pursue an listing by introduction was ordered by the company to not dilute or put further pressure on its stock by issuing new shares in Hong Kong and Singapore, according to a source with direct knowledge of the matter.Singapore was chosen as a listing venue because of the company's desire to grow its EV market share in that region, the source added.The source could not be named as the information was not yet public. Nio did not immediately respond to a request for comment.A Singapore Exchange spokesperson declined to comment on Nio's listing application. The spokesperson said SGX had nearly 30 secondary listings from companies from diverse sectors and geographies as firms look to broaden their access to a wider range of investors while using the city-state as a launchpad into Southeast Asia.Nio's New York shares have fallen nearly 34% so far this year.Nio had planned to list in Hong Kong last year but faced questions from regulators over its company structure, including a \"users trust\", Bloomberg reported in September.","news_type":1},"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982890206,"gmtCreate":1667138554705,"gmtModify":1676537865873,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Likelihood 75 up. They have no time to waste to press down inflation n save job ahead.","listText":"Likelihood 75 up. They have no time to waste to press down inflation n save job ahead.","text":"Likelihood 75 up. They have no time to waste to press down inflation n save job ahead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9982890206","isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000494","authorId":"9000000000000494","name":"MamieBenson","avatar":"https://static.tigerbbs.com/1e0fafb6a0868fdff5a6626301b88f7c","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000494","authorIdStr":"9000000000000494"},"content":"The Federal Reserve is doing its best to reduce inflation. The price may be bad stock market and employment rate.","text":"The Federal Reserve is doing its best to reduce inflation. The price may be bad stock market and employment rate.","html":"The Federal Reserve is doing its best to reduce inflation. The price may be bad stock market and employment rate."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033172056,"gmtCreate":1646231229163,"gmtModify":1676534106288,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Dun worry. Market already factor in this element. Buy during dip","listText":"Dun worry. Market already factor in this element. Buy during dip","text":"Dun worry. Market already factor in this element. Buy during dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033172056","repostId":"1153260549","repostType":4,"repost":{"id":"1153260549","kind":"news","pubTimestamp":1646228023,"share":"https://ttm.financial/m/news/1153260549?lang=&edition=fundamental","pubTime":"2022-03-02 21:33","market":"us","language":"en","title":"Powell Signals Fed Will Raise Interest Rates at March Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1153260549","media":"MarketWatch","summary":"Fed expects inflation to decline over the course of the yearFed Chairman Jerome Powell speaks on Cap","content":"<html><head></head><body><p>Fed expects inflation to decline over the course of the year</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c757d7a8e39093ecf5a542de52fbb831\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Fed Chairman Jerome Powell speaks on Capitol Hill in January. (Photo by Brendan Smialowski /Pool/AFP via Getty Images)</span></p><p>Fed Chairman Jerome Powell on Wednesday said the central bank intends to raise its policy interest rate following the end of its two-day meeting on March 16, despite uncertainties from the Russian invasion of Ukraine.</p><p>“With inflation well above 2% and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month,” Powell said, in remarks prepared for delivery to the House Financial Services Committee.</p><p>The prepared remarks were released at 8:30 a.m. Eastern. Powell will take questions from lawmakers shortly after 10 a.m.</p><p>In his remarks, Powell didn’t comment on the size of the planned rate hike.</p><p>Most economists think the Fed will hike rates by a quarter-point at the March meeting. Speculation of a half-percentage point hike has waned in the aftermath of Russia’s invasion of Ukraine.</p><p>The Fed is expected to continue to raise rates throughout the year. The central bank’s policy rate has been stuck near zero since the coronavirus pandemic struck in early 2022 to help the economy weather the storm. With inflation surging, the central banks wants — as the first order of business —  to get rates closer to “neutral” or around a 2.5% rate, in orderly and regular steps.</p><p>Powell said the Fed will have to be “nimble” in its execution of monetary policy.</p><p>The Fed has a second tool to cool the economy – shrinking the size of its almost $9 trillion balance sheet.</p><p>Powell did not provide much specifics on this tool, saying that it would begin “after the process of raising interest rates as begun.”</p><p>The Fed wants to shrink its balance sheet “in a predictable manner” primarily letting maturing securities run off of its portfolio, rather than outright sales, he said.</p><p><b>Inflation</b></p><p>In his prepared testimony, Powell said the Fed continues to expect inflation to decline over the course of the year, pulled down “as supply constraints ease and demand moderates because of the waning effects of fiscal support and the removal of monetary policy accommodation.”</p><p>At the same time, the central bank is attentive to risks that the public will come to expect higher inflation and that prices may increase due to a number of factors.</p><p>“We will use our policy tools as appropriate to prevent higher inflation from becoming entrenched while promoting a sustainable expansion and a strong labor market,” Powell said.</p><p>Consumer price inflation rose 7.5% for the 12 month ending January, the largest increase since 1982.</p><p>Some Fed officials have speculated the war in Ukraine would cause inflation to go higher.</p><p>Last year, Powell and his team thought that inflation would be “transitory” because the price gains seems to be related to pandemic spending.  Production had trouble meeting strong demand due to bottlenecks and supply constraints.</p><p>“These supply disruptions have been larger and longer lasting than anticipated, exacerbated by waves of the virus, and price increases are now spreading to a broader range of goods and services,” Powell said.</p><p>On Tuesday night during his State of the Union speech, President Joe Biden called getting inflation under control his “top priority.”</p><p><b>Ukraine</b></p><p>Powell said the U.S economy could evolve in unexpected ways from the Ukraine conflict and the subsequent draconian sanctions placed on the Russian economy.</p><p>“The near-term effects on the U.S. economy of the invasion of Ukraine, the ongoing war, the sanctions, and of events to come, remain high uncertain,” Powell said.</p><p>Powell said the rapid spread of the omicron variant had led to some slowing in U.S. economic activity early this year, but added “the slowdown seems to have been brief” as cases have declined sharply since mid-January.</p><p>Stocks were set to open higher on Wednesday. The yield on the 10-year Treasury has fallen to 1.766% after rising above 2% on some safe-haven trading due to the war on the doorstep of Europe.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell Signals Fed Will Raise Interest Rates at March Meeting</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\">\nPowell Signals Fed Will Raise Interest Rates at March Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-02 21:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-signals-fed-will-raise-interest-rates-at-march-meeting-11646227825?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fed expects inflation to decline over the course of the yearFed Chairman Jerome Powell speaks on Capitol Hill in January. (Photo by Brendan Smialowski /Pool/AFP via Getty Images)Fed Chairman Jerome ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-signals-fed-will-raise-interest-rates-at-march-meeting-11646227825?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/powell-signals-fed-will-raise-interest-rates-at-march-meeting-11646227825?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153260549","content_text":"Fed expects inflation to decline over the course of the yearFed Chairman Jerome Powell speaks on Capitol Hill in January. (Photo by Brendan Smialowski /Pool/AFP via Getty Images)Fed Chairman Jerome Powell on Wednesday said the central bank intends to raise its policy interest rate following the end of its two-day meeting on March 16, despite uncertainties from the Russian invasion of Ukraine.“With inflation well above 2% and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month,” Powell said, in remarks prepared for delivery to the House Financial Services Committee.The prepared remarks were released at 8:30 a.m. Eastern. Powell will take questions from lawmakers shortly after 10 a.m.In his remarks, Powell didn’t comment on the size of the planned rate hike.Most economists think the Fed will hike rates by a quarter-point at the March meeting. Speculation of a half-percentage point hike has waned in the aftermath of Russia’s invasion of Ukraine.The Fed is expected to continue to raise rates throughout the year. The central bank’s policy rate has been stuck near zero since the coronavirus pandemic struck in early 2022 to help the economy weather the storm. With inflation surging, the central banks wants — as the first order of business —  to get rates closer to “neutral” or around a 2.5% rate, in orderly and regular steps.Powell said the Fed will have to be “nimble” in its execution of monetary policy.The Fed has a second tool to cool the economy – shrinking the size of its almost $9 trillion balance sheet.Powell did not provide much specifics on this tool, saying that it would begin “after the process of raising interest rates as begun.”The Fed wants to shrink its balance sheet “in a predictable manner” primarily letting maturing securities run off of its portfolio, rather than outright sales, he said.InflationIn his prepared testimony, Powell said the Fed continues to expect inflation to decline over the course of the year, pulled down “as supply constraints ease and demand moderates because of the waning effects of fiscal support and the removal of monetary policy accommodation.”At the same time, the central bank is attentive to risks that the public will come to expect higher inflation and that prices may increase due to a number of factors.“We will use our policy tools as appropriate to prevent higher inflation from becoming entrenched while promoting a sustainable expansion and a strong labor market,” Powell said.Consumer price inflation rose 7.5% for the 12 month ending January, the largest increase since 1982.Some Fed officials have speculated the war in Ukraine would cause inflation to go higher.Last year, Powell and his team thought that inflation would be “transitory” because the price gains seems to be related to pandemic spending.  Production had trouble meeting strong demand due to bottlenecks and supply constraints.“These supply disruptions have been larger and longer lasting than anticipated, exacerbated by waves of the virus, and price increases are now spreading to a broader range of goods and services,” Powell said.On Tuesday night during his State of the Union speech, President Joe Biden called getting inflation under control his “top priority.”UkrainePowell said the U.S economy could evolve in unexpected ways from the Ukraine conflict and the subsequent draconian sanctions placed on the Russian economy.“The near-term effects on the U.S. economy of the invasion of Ukraine, the ongoing war, the sanctions, and of events to come, remain high uncertain,” Powell said.Powell said the rapid spread of the omicron variant had led to some slowing in U.S. economic activity early this year, but added “the slowdown seems to have been brief” as cases have declined sharply since mid-January.Stocks were set to open higher on Wednesday. The yield on the 10-year Treasury has fallen to 1.766% after rising above 2% on some safe-haven trading due to the war on the doorstep of Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984099991,"gmtCreate":1667482881513,"gmtModify":1676537925402,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984099991","repostId":"1149171162","repostType":4,"repost":{"id":"1149171162","kind":"news","pubTimestamp":1667488574,"share":"https://ttm.financial/m/news/1149171162?lang=&edition=fundamental","pubTime":"2022-11-03 23:16","market":"us","language":"en","title":"Apple's Resilience Is Unjustified - Here Is Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1149171162","media":"seekingalpha","summary":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, lar","content":"<html><head></head><body><p>Summary</p><ul><li>Apple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company&#39;s continued strong earnings reports.</li><li>I&#39;ll highlight the reasons for Apple&#39;s strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.</li><li>However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.</li><li>The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.</li><li>I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.</li></ul><h3>Introduction And Investment Thesis</h3><p>Last week, <a href=\"https://laohu8.com/S/AAPL\">Apple</a> surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street&#39;s positive reaction hardly seems surprising.</p><p>I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:</p><ul><li>Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple&#39;s gadgets enjoy the ranks of status symbols.</li></ul><ul><li>Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.</li></ul><ul><li>Where others have managed to develop either standout smartphone technology (e.g., Samsung&#39;s Galaxy series) or a smartphone operating system (Google&#39;s Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.</li></ul><ul><li>The company&#39;s balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.</li></ul><p>It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple&#39;s normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.</p><p>Apple Is Rightly Touted As A Major Cash Flow Machine</p><p>When it comes to the question of why Apple stock should command a premium valuation, many investors point to the company&#39;s strong cash flow. I do not disagree, and in fact, Apple&#39;s cash flow is one reason I would like to own shares in the company.</p><p>My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.</p><p>Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company&#39;s conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple&#39;s stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).</p><p><img src=\"https://static.tigerbbs.com/634624a2a799950e29c025c2e979a431\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.</p><p>Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.</p><p><img src=\"https://static.tigerbbs.com/018899362ea317f0a826fd5072e9f3c0\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.</p><h3>Reasons For Apple&#39;s Outstanding Free Cash Flow Growth - And Why It May Not Be Sustainable</h3><p>Apple&#39;s free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company&#39;s future cash flows, discounted to today at an appropriate rate.</p><h3>Strong Brand Stickiness, Pricing Power - But Discretionary Products After All</h3><p>As already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple&#39;s software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.</p><h3>Geographical Concentration Risks</h3><p>Investors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.</p><p>Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.</p><p>A deep recession in Europe is also likely to impact Apple&#39;s supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).</p><p>Of course, Apple&#39;s global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.</p><h3>Sustainability Of App Store Margins</h3><p>Software developers have noticed the seemingly unstoppable growth of Apple&#39;s installed base, which probably recently passed the2 billion mark. Apple&#39;s growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple&#39;s subscription-based sales. I view it as largely positive that Apple&#39;s (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.</p><p>Working Capital Management</p><p>Another aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).</p><p>Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.</p><p>Improved conditions for app developers, as hypothesized above, could also put pressure on Apple&#39;s working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple&#39;s hardware segment.</p><p><img src=\"https://static.tigerbbs.com/cd5c74594b446fea946163da22c51878\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.</p><h3>Possible Signs Of Underinvestment And The Course Toward Mean Reversion</h3><p>It is also worth noting Apple&#39;s capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.</p><p><img src=\"https://static.tigerbbs.com/02df2459453a284cd343b9f1bb690fe5\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.</p><p>Apple&#39;s key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.</p><p>At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.</p><h3>What Is Currently Priced Into AAPL Stock?</h3><p>Several aspects underlying Apple&#39;s excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple&#39;s recent cash flows, which provide a basis for valuing the stock.</p><p>First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple&#39;s nFCF per share versus split-adjusted price per share. Clearly, Apple&#39;s stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.</p><p><img src=\"https://static.tigerbbs.com/f7d675df943d6075843ba251551a1796\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)</p><p>Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple&#39;s average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.</p><p>Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.</p><p><img src=\"https://static.tigerbbs.com/717fa79d412f6b54795b36161c6ec657\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 6: Cash flows underlying Apple&#39;s discounted cash flow analysis; terminal value not shown (own work)</p><p>Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.</p><p>Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.</p><p>Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.</p><p>However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company&#39;s valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.</p><p><img src=\"https://static.tigerbbs.com/e3a0cff58027ed2abd92ab04313f85e4\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/></p><p>Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)</p><h3>Concluding Remarks</h3><p>There is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.</p><p>Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.</p><p>As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?</p><p>If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.</p><p>Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's Resilience Is Unjustified - Here Is Why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's Resilience Is Unjustified - Here Is Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-03 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's ...</p>\n\n<a href=\"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4552001-apples-resilience-is-unjustified-here-is-why","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1149171162","content_text":"SummaryApple stock has held up surprisingly well in 2022 compared to a very weak broader market, largely due to the company's continued strong earnings reports.I'll highlight the reasons for Apple's strong cash flow growth and potential areas for future growth, and take a look at working capital management, stock-based compensation, and the multi-faceted ecosystem.However, I will also point out the limitations of the growth story, which is the mainstay of the current valuation.The current share price implies growth rates that are difficult to achieve even in a thriving economy. I think Apple is dead money at best for the foreseeable future.I am not currently invested in the stock, but if I were, I would at least consider selling it, assuming I held it in a tax-deferred or tax-exempt account.Introduction And Investment ThesisLast week, Apple surprised on the upside in an otherwise very bad week for tech investors. Alphabet (GOOG,GOOGL), Meta Platforms (META) andAmazon (AMZN) all disappointed Wall Street, while the tech giant best known for its iPhone franchisereportedsolid earnings and quarterly revenue of $90.1 billion, slightly beating analyst estimates and up 8.1% year-over-year. iPhone and Mac sales were up 9.7% and 25.4% in a high-inflation environment, respectively, suggesting that Apple is indeed one of the companies with real pricing power. On a year-over-year annual basis, Apple also shined where others looked lackluster. Total fiscal 2022 net sales were up 7.8%, thanks largely to strong growth in iPhone (+7.0%), Mac (+14.2%) and services (+14.2%). From this perspective, Wall Street's positive reaction hardly seems surprising.I have had Apple on my watch list for quite some time, and I continue to be amazed how the stock has largely defied the bear market of 2022. The main pillars of my investment thesis in Apple are:Apple seems to have an unending ability to design and manufacture hardware and software that is not only functional, but also highly intuitive, elegant and very appealing. Even though they are mass products, Apple's gadgets enjoy the ranks of status symbols.Recognizing that selling hardware does not scale well, the company has created a deep ecosystem through its app store and the many experiences and productivity enhancements it offers. In this way, Apple retains consumers and ensures high switching costs in an industry otherwise characterized by high competition.Where others have managed to develop either standout smartphone technology (e.g., Samsung's Galaxy series) or a smartphone operating system (Google's Android), Apple has been able to take advantage of the synergies of top-quality hardware and software offerings.The company's balance sheet is absolutely solid and will benefit in a rising interest rate environment, as it has $145.5 billion in marketable securities (mostly long-term) - not counting the $23.6 billion in cash and cash equivalents - and only $120.0 billion in debt.It is easy to like Apple as an investment. However, when I find nothing but positive things about an investment, it usually gives me pause. As a dyed-in-the-wool value investor, I am very careful not to overpay for my investments, especially when a company is firing on all cylinders - there is a thin line between a value trap and a world-class company that is simply too expensive. In this article, I will discuss Apple's normalized free cash flow, my expectations for future growth and my thoughts on what could limit the growth story. I will value Apple from a discounted cash flow basis, making sense of what the market has currently priced into the stock. In closing, I present my rationale for refraining from buying Apple at this time.Apple Is Rightly Touted As A Major Cash Flow MachineWhen it comes to the question of why Apple stock should command a premium valuation, many investors point to the company's strong cash flow. I do not disagree, and in fact, Apple's cash flow is one reason I would like to own shares in the company.My regular readers know that I rely only on normalized free cash flow (nFCF), which means I adjust conventional FCF for working capital movements, stock-based compensation expenses, non-cash impairment and restructuring charges (if routinely observed), and acquisitions (if the company relies on growth through acquisitions). Those interested in the approach can take a look at my detailededucational articlepublished last month.Acquisitions, impairments and restructuring charges are very rarely seen at Apple. This is due to the company's conservative and disciplined approach to acquisitions, which deserves praise at a time when other companies are squandering cash left and right in sometimes desperate attempts to diversify into new growth areas. However, as with many tech companies (see myarticleon this topic), stock-based compensations (SBCs) are significant and trending upward. This is due, in part, to the way stock-based compensation is accounted for and it should be kept in mind that adjusting free cash flow for SBCs is a relatively conservative measure. Figure 1 shows Apple's stock-based compensation since fiscal 2012 as a percentage of operating cash flow (OCF) normalized for working capital movements. Even though significant, this form of employee compensation is relatively modest at Apple, averaging 8% of normalized OCF since fiscal 2016, compared to Alphabet, for example (see myrecent article).Figure 1: Apple’s stock-based compensation expenses (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple’s normalized free cash flow, as I use it for my assessment of the company’s future cash flow potential, is shown in Figure 2. Clearly, the pandemic acted as a huge tailwind for the company, as is underlined by nFCF growth rates of +23%, +43% and 13% in fiscal 2020, fiscal 2021 and fiscal 2022. Apple’s cash-generating power is underlined further when comparing these growth figures to the company’s sales growth numbers for the same periods: +6%, +33% and +8%.Companies that report unbelievably strong earnings are potentially suspect of managing their results, and therefore it seems reasonable to assess the quality of Apple’s cash flow. Excess Cash Margin (ECM) is a measure of the relative growth rates of operating income and OCF and enables the detection of potential earnings problems or accounting shenanigans. In the case of Apple, the ECM moved in a reasonably narrow window of -2.4% and +2.0% in the last ten fiscal years and without a notable up- or downward trend. An upward trend in ECM would signal that earnings are growing slower (or declining faster) than OCF, while a downward trend indicates that earnings are either growing faster or declining slower than OCF.Figure 2: Apple’s normalized free cash flow – conventionally obtained FCF is on average 10% higher, largely due to stock-based compensations (own work, based on the company’s fiscal 2010 to 2022 10-Ks.Reasons For Apple's Outstanding Free Cash Flow Growth - And Why It May Not Be SustainableApple's free cash flow growth since the pandemic has been spectacular. So, the really important question is: Where did the growth come from, and can it continue? Because ultimately, the share price is only an unromantic reflection of a company's future cash flows, discounted to today at an appropriate rate.Strong Brand Stickiness, Pricing Power - But Discretionary Products After AllAs already mentioned, the pandemic acted as a tremendous tailwind for Apple. During these difficult times, consumers learned to love Apple's software ecosystem even more, as well as the large number of accessories that only reach their full potential in combination with an Apple iPhone, iPod or Mac computer. Thanks to the increasingly strong lock-in effect and the seemingly unending desire to own these very elegant and highly intuitive pieces of hardware, Apple is able to exert pricing power on consumers even in times of high inflation. However, it is important to remember that an iPhone or Mac computer is ultimately largely a discretionary product, and the purchase of the next iteration can be postponed in the event of an economic downturn. As will be shown later, a recession is likely not currently priced into Apple stock.Geographical Concentration RisksInvestors should note that Apple generated nearly a quarter of its fiscal 2022 sales in Europe, and it seems reasonable to expect that the eurozone, unlike the United States, will have a much harder time overcoming high inflation rates, in part due to the substantial debt of southern European countries, which would likely become insolvent if interest rates were raised at a pace similar to that in the United States. Of course, however, keeping inflation in control by raising interest rates is an incomplete line of thinking.Nevertheless, the difficult situation of the European Central Bank and its increasing emphasis on approaches reminiscent of a planned economy (e.g.,Green Dealand the resultingTaxonomy Regulation) are preparing the bloc for continued high inflation rates and thus lower disposable incomes.A deep recession in Europe is also likely to impact Apple's supply chain, as the company relies on several hundred suppliers in Germany (767 in 2018 according toHandelsblatt).Of course, Apple's global position also makes it vulnerable to foreign exchange rate headwinds, as the company ultimately reports its earnings in U.S. dollars. However, I believe this is a well-known aspect that applies to all truly global companies. There is only so much a company can do to hedge against exchange rate fluctuations, and I consider this a simple cost of doing business when operating on a global scale.Sustainability Of App Store MarginsSoftware developers have noticed the seemingly unstoppable growth of Apple's installed base, which probably recently passed the2 billion mark. Apple's growth keeps developers motivated to continue to create new apps for iOS, which has the added advantage of very limited device configurations compared to the numerous devices running Android. I expect Apple to benefit from this for the foreseeable future, as long as the company does not make any glaring hardware design mistakes and stays true to its intuitive software architecture. However, it should not be forgotten that Apple faces challenges related to its somewhat aggressive monopolistic behavior in connection with its app store. It therefore seems prudent to keep an eye on Apple's subscription-based sales. I view it as largely positive that Apple's (high-margin) service revenue has increased from 11% of total revenue in fiscal 2016 to nearly 20% in fiscal 2022. However, improved app developer compensation and increased regulatory scrutiny could deal a blow to this important segment, thereby impacting free cash flow.Working Capital ManagementAnother aspect to consider is working capital management. Cash is king, and companies with pricing power benefit enormously by being able to enforce their payment terms on both their suppliers and their customers. In addition, global giants like Apple benefit significantly from highly efficient inventory management. Less cash tied up in working capital accounts (receivables, inventories) leads to higher free cash flow. By minimizing the time to collect payments from customers and maximizing the time to pay suppliers, a company can benefit significantly from cheap (or free) credit. This is in particular important in a rising interest rate environment. A - highly desirable - negative cash conversion cycle (CCC) results when a company can collect and retain payments from customers for a certain time, that actually belong to suppliers (e.g., app developers).Apple is a shining example in this regard and has kept its inventory days and days sales outstanding (DSO) very tight while expanding its days payables outstanding (DPO) quite significantly between fiscal 2013 and fiscal 2019 (Figure 3). However, presumably due to ongoing supply chain issues and the relocation of certain suppliers, DPO declined in recent years, resulting in a weakening but still excellent cash conversion cycle (CCC) of -62 days in fiscal 2022.Improved conditions for app developers, as hypothesized above, could also put pressure on Apple's working capital management, thereby impacting free cash flow. Conversely, supply chain issues will eventually be resolved, improving the working capital management of Apple's hardware segment.Figure 3: Apple’s days sales and payables outstanding, inventory days and cash conversion cycle (own work, based on the company’s fiscal 2012 to 2022 10-Ks.Possible Signs Of Underinvestment And The Course Toward Mean ReversionIt is also worth noting Apple's capital expenditures, which typically range from $9 billion to $13 billion per year. Relatively speaking, capital expenditures have been on a downward trend since fiscal 2016, as shown in Figure 4. While some might argue that Apple is underinvesting, I would not overstate this aspect at this point in time (see below). While capital expenditures as a percentage of OCF continue to decline, it should be remembered that this is largely due to strong OCF growth and only to a small extent a result of lower actual investment in the business.Figure 4: Apple’s capital expenditures as a percentage of normalized operating cash flow (own work, based on the company’s fiscal 2011 to 2022 10-Ks.Apple's key long-term free cash flow growth driver is innovation. Apple has innovated in both hardware and software, for example by introducing its ownprocessorsin its iPhones and Mac computers, a smart watch (Apple Watch), and its own payment service (Apple Pay). However, Apple has not introduced any groundbreaking new devices like theiPhoneor the iPod in a long time. I do believe that at some point, the users so accustomed to innovations will be saturated as it becomes increasingly difficult to pack truly groundbreaking new features into the devices currently available.At some point, Apple will have to come up with a new technological gadget - whether it is some sort of wearable, self-driving car, or technologically integrated piece of furniture. I am sure Apple will come up with something at some point, but it is also true that the race to find the next hot innovation is extremely competitive and capital-intensive, especially as it relates to autonomous driving. From this perspective, it does not seem unrealistic to assume that Apple will have to invest more and more cash flow into the business at a percentage equal to or above the historical average, as shown in Figure 4.What Is Currently Priced Into AAPL Stock?Several aspects underlying Apple's excellent free cash flow growth have been discussed, as well as potentially limiting factors. With the release of the fiscal2022 10-Ka few days ago, we now have a clear view of Apple's recent cash flows, which provide a basis for valuing the stock.First, let me share my FAST Graphs-inspired chart in Figure 5, which shows Apple's nFCF per share versus split-adjusted price per share. Clearly, Apple's stock price and free cash flow decoupled sometime in 2020, when investors began pricing huge growth rates into the stock. While it is entirely possible that Apple will continue to be able to grow its free cash flow at a high rate going forward, I simply believe that the likelihood of FCF remaining stagnant for at least a couple of years is relatively high for the reasons outlined above. Apple stock could be dead money for the foreseeable future, or worse, it could move closer to its long-term FCF trend, suggesting ample downside and a current fair value in the $100 region.Figure 5: Apple’s normalized free cash flow per share compared to its split-adjusted share price; note that nFCFs have been aligned with fiscal year ends in late September (own work, based on the company’s fiscal 2010 to fiscal 2022 10-Ks and the daily closing stock price of AAPL)Next, I evaluated Apple stock from a discounted cash flow (DCF) perspective - after all, a company is only worth the sum of its future cash flows, discounted to today at an appropriate rate. For Apple, I believe a cost of equity of 9.5% is appropriate, taking into account current long-term government bond rates and a 5% equity risk premium. For the DCF analysis below, I have used Apple's average nFCF for fiscal years 2021 to 2022 as the baseline cash flow, which may even be a somewhat optimistic assumption given the threat of a recession.Long-term visibility of revenue (and thus cash flow) is very difficult, which is also underscored by analyst estimates. More than 20 analystscoverApple on a two-year basis, expecting year-over-year revenue growth rates of 3.3% and 5.2% for fiscal years 2023 and 2024, respectively. After that, the number of analysts drops to 9. From fiscal 2026 to fiscal 2027, only 2 analysts cover Apple, and for the later years, there is only one analyst - a particularly optimistic one - who expects year-over-year sales growth rates of 18%, 9%, 9%, 10%, and 10% between fiscal 2028 and 2032. I am not in a position to provide plausible long-term estimates, but I consider anything higher than 5% p.a. over the next five years to be unduly optimistic for the reasons outlined above. Therefore, in the illustration of the DCF model in Figure 6, I have used a growth rate of 5% for the next five years, 4% for the subsequent five years, and a terminal growth rate of 3%.Figure 6: Cash flows underlying Apple's discounted cash flow analysis; terminal value not shown (own work)Summing the discounted cash flows and dividing the result by the current number of weighted average diluted shares outstanding yields a fair value of about $100, which is well in line with the backward-looking valuation in Figure 6.Put differently, to justify the current price of $150 per share, Apple would need to grow its free cash flow at a rate of 10% per year over the next five years (is this a realistic assumption in the context of a likely economic downturn?), followed by a growth rate of a similarly high 8% p.a. until year 10, and a terminal growth rate of 5%.Personally, I find it difficult to see such growth rates as realistic for the reasons mentioned above. In order to achieve such rates, Apple will likely be forced to diversify into other business areas, which is associated with considerable uncertainties, as its current business model will simply lack the addressable market at some point due to size.However, some may object that both valuation approaches are based on free cash flow and therefore represent an isolated approach. This is true, and conventional multiples-based approaches can also provide a good view on a company's valuation. Figure 7 compares ten-year averages of earnings- and revenue-based multiples with current values. It is evident that Apple is significantly overvalued on every metric, including its dividend yield (currently 0.6% versus a five-year average of 1.4%). Finally, it should also be remembered that these valuations are the product of what is likely the strongest bull market in recent history, giving cautious investors pause for thought. Morningstar currentlyratesApple at two stars and believes the stock is 15% overvalued. It is worth noting that the investor services firm views Apple as a company with only a narrow economic moat.Figure 7: Historical valuation of Apple stock, note that the price-earnings-growth ratio (PEG) has scaled by a factor of 10 for the sake of visibility (own work)Concluding RemarksThere is no question about it - Apple is a world-class company with a deeply rooted ecosystem, an ever-growing, religious-like following, and very strong management. The company is one of the few with real pricing power. However, with all the justified optimism, Apple markets largely discretionary products.Investors expect Apple to continue to be able to grow free cash flow by double digit, or at least high single digit rates, for the foreseeable future. However, the growth story has its limits. Apple will likely reach its limits at some point because the addressable market is saturated, so it will need to pursue other growth opportunities. Exploring new opportunities comes with execution risks and requires significant capital expenditures, which have been steadily declining since fiscal 2016 in relative terms. Moreover, Apple is already an extremely well-managed company that will struggle to increase free cash flow through improvements in working capital management - an often-overlooked growth driver of several less well-managed companies.As I have shown, Apple is significantly overvalued assuming more down-to-earth growth expectations. The market has been merciless on other tech stocks such as Amazon, Meta Platforms and Alphabet. So it is only reasonable to assume that Apple stock will also take a serious beating should the company fall short of expectations in any of the coming quarters. For example, what if the all-important holiday shopping season turns out slower than expected, capital expenditures rise significantly, or Europe faces a deep recession?If I owned the stock, I would at least toy with the idea of selling it, as it is obviously overvalued. This can easily be seen in the decoupling of the share price from free cash flow since 2020 and the decoupling from the overall market in 2022. Of course, this assumes that taxes do not need to be factored into the equation.Of course, none of these changes the fact that Apple is an extremely well-run company with a deeply entrenched ecosystem and an almost religious following. Therefore, I continue to keep the stock on my bear market watch list and patiently wait for the market to come back to its senses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079331871,"gmtCreate":1657150907093,"gmtModify":1676535957883,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Big companies sizing down. Bad indicator&nbsp;","listText":"Big companies sizing down. Bad indicator&nbsp;","text":"Big companies sizing down. Bad indicator","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079331871","repostId":"1118383000","repostType":4,"repost":{"id":"1118383000","kind":"news","pubTimestamp":1657119374,"share":"https://ttm.financial/m/news/1118383000?lang=&edition=fundamental","pubTime":"2022-07-06 22:56","market":"us","language":"en","title":"Microsoft Prepares For Sharp Economic Slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1118383000","media":"The Street","summary":"Microsoft will hire few people than initially planned in the second half of 2022 as the economy cont","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> will hire few people than initially planned in the second half of 2022 as the economy contracts and customers cut back on spending, mirroring the trend of other tech companies.</p><p>The tech giant said it is focused on keeping key employees as the labor market remains tight. The amount of money that can be allocated for merit increases will grow, CEO Satya Nadella said in May.</p><p>Microsoft is facing challenges as interest rates rise, inflation rates remain high and economic growth dampens globally. During the first half of 2022, the company faced obstacles as Russia invaded Ukraine, employees sought more transparency on salaries as the labor market remains favorable for employees.</p><p>“Fundamentally, we have a business model and a product portfolio that is designed to build the digital infrastructure and the services that help other people succeed,” Microsoft President Brad Smith said in an interview with GeekWire last week at his office in Redmond, Washington. “And now we need to put that to work in a variety of ways that in some manner, are testing us anew.”</p><p>Employees have sought changes and Microsoft responded by increasing compensation by almost doubling its budget globally for merit-based increases in salary and by adding its range for stock-based compensation each year by a minimum of 25% for employees who are working at the senior director level and below.</p><h3>&#39;The Economy Is Continuing to Change&#39;</h3><p>The company said it would also lower its use of non-compete agreements and plans to disclose salary ranges in job posts in the U.S. in 2023.</p><p>&#34;The world’s continuing to change, employee expectations are continuing to change, the economy’s continuing to change,&#34; Smith said.</p><p>Among tech companies, Microsoft&#39;s stock has fared better. The company&#39;s shares fell by 17.24% during the past six months and 21.78% year-to-date compared to Google&#39;s stock that declined by 18.08% during the past six months and 22.15% year-to-date.</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, the parent company of Facebook. faced a larger decline with a loss of 48.50% during the last six months.</p><p>But Microsoft is hedging against a slowdown in the economy by cutting back on the number of employees it hires, following social media company Snap and Meta, who also said they also planned to hire fewer employees.</p><p>The tech behemoth&#39;s strategy has shifted and before new positions can be made available, employees need to request permission from the leadership team of Rajesh Jha, executive vice president in charge of Office and part of Windows, a source told CNBC.</p><h3>Will Profit Margins Be Affected?</h3><p>Fewer employees that work on the Windows, Office and Teams chat and conferencing software groups will be hired, according to a Bloomberg.</p><p>Microsoft declines to comment.</p><p>Businesses are likely to cut back on spending in the latter half of 2022 and that will impact Microsoft&#39;s profit margin. Sales of Microsoft Office depend on corporations spending money - nearly 88% of the company&#39;s $11 billion in quarterly Office revenue comes from business clients, according to estimates made by RBC Capital Markets.</p><p>While Office and Windows are still increasing in sales, they lag behind the company&#39;s Azure public cloud business. The number one company in cloud infrastructure is Amazon Web Services.</p><p>The pace of growth of both Windows and Office will decline, Microsoft’s finance chief, Amy Hood, told analysts last month.</p></body></html>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Prepares For Sharp Economic Slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Prepares For Sharp Economic Slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-06 22:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/technology/microsoft-prepares-for-sharp-economic-slowdown><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft will hire few people than initially planned in the second half of 2022 as the economy contracts and customers cut back on spending, mirroring the trend of other tech companies.The tech giant...</p>\n\n<a href=\"https://www.thestreet.com/technology/microsoft-prepares-for-sharp-economic-slowdown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.thestreet.com/technology/microsoft-prepares-for-sharp-economic-slowdown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118383000","content_text":"Microsoft will hire few people than initially planned in the second half of 2022 as the economy contracts and customers cut back on spending, mirroring the trend of other tech companies.The tech giant said it is focused on keeping key employees as the labor market remains tight. The amount of money that can be allocated for merit increases will grow, CEO Satya Nadella said in May.Microsoft is facing challenges as interest rates rise, inflation rates remain high and economic growth dampens globally. During the first half of 2022, the company faced obstacles as Russia invaded Ukraine, employees sought more transparency on salaries as the labor market remains favorable for employees.“Fundamentally, we have a business model and a product portfolio that is designed to build the digital infrastructure and the services that help other people succeed,” Microsoft President Brad Smith said in an interview with GeekWire last week at his office in Redmond, Washington. “And now we need to put that to work in a variety of ways that in some manner, are testing us anew.”Employees have sought changes and Microsoft responded by increasing compensation by almost doubling its budget globally for merit-based increases in salary and by adding its range for stock-based compensation each year by a minimum of 25% for employees who are working at the senior director level and below.'The Economy Is Continuing to Change'The company said it would also lower its use of non-compete agreements and plans to disclose salary ranges in job posts in the U.S. in 2023.\"The world’s continuing to change, employee expectations are continuing to change, the economy’s continuing to change,\" Smith said.Among tech companies, Microsoft's stock has fared better. The company's shares fell by 17.24% during the past six months and 21.78% year-to-date compared to Google's stock that declined by 18.08% during the past six months and 22.15% year-to-date.Meta Platforms, the parent company of Facebook. faced a larger decline with a loss of 48.50% during the last six months.But Microsoft is hedging against a slowdown in the economy by cutting back on the number of employees it hires, following social media company Snap and Meta, who also said they also planned to hire fewer employees.The tech behemoth's strategy has shifted and before new positions can be made available, employees need to request permission from the leadership team of Rajesh Jha, executive vice president in charge of Office and part of Windows, a source told CNBC.Will Profit Margins Be Affected?Fewer employees that work on the Windows, Office and Teams chat and conferencing software groups will be hired, according to a Bloomberg.Microsoft declines to comment.Businesses are likely to cut back on spending in the latter half of 2022 and that will impact Microsoft's profit margin. Sales of Microsoft Office depend on corporations spending money - nearly 88% of the company's $11 billion in quarterly Office revenue comes from business clients, according to estimates made by RBC Capital Markets.While Office and Windows are still increasing in sales, they lag behind the company's Azure public cloud business. The number one company in cloud infrastructure is Amazon Web Services.The pace of growth of both Windows and Office will decline, Microsoft’s finance chief, Amy Hood, told analysts last month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025647305,"gmtCreate":1653692909107,"gmtModify":1676535326263,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Buy Buy Buy","listText":"Buy Buy Buy","text":"Buy Buy Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025647305","repostId":"2238387186","repostType":4,"repost":{"id":"2238387186","kind":"news","pubTimestamp":1653660205,"share":"https://ttm.financial/m/news/2238387186?lang=&edition=fundamental","pubTime":"2022-05-27 22:03","market":"us","language":"en","title":"Alibaba Earnings: Back Up The Truck","url":"https://stock-news.laohu8.com/highlight/detail?id=2238387186","media":"seekingalpha","summary":"SummaryAlibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.Expectatio","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Alibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.</li><li>Expectations were low heading into the release.</li><li>At this point, BABA has gotten beaten down to the point of absurdity.</li><li>In this article I dissect Alibaba&#39;s Q4 earnings release and explain why I&#39;m still long despite all the challenges.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fb3d9594de3e32459d994aa3977dc753\" tg-width=\"1080\" tg-height=\"718\" referrerpolicy=\"no-referrer\"/><span>Michael Loccisano/Getty Images Entertainment</span></p><p><b>Alibaba Group Holding Limited</b> (NYSE:BABA) just released its fourth quarter earnings. The release beat expectations on revenue as well as on EPS. The $3 billion year-over-year increase in revenue showed that BABA was able to crankout strong sales growth even amid China’s lockdowns and other macroeconomic headwinds.</p><p>Alibaba had a lot of things working in its favor going into its Q2 release. The company had negative earnings in the prior year quarter, which meant that the comparisons were soft this time around. The company was caught off guard by some lockdowns in major Chinese cities, but it wasn’t until Q2 (Alibaba’s fiscal Q1) that they became truly widespread. Additionally, BABA enjoyed a significant increase in web traffic in Q4 across virtually all of its online channels. Despite these two factors working in BABA’s favor, analysts still cut estimates repeatedly throughout the quarter, leading to weak expectations.</p><p>So, Alibaba had many advantages heading into this release. Which is why it was not surprising that earnings beat expectations. In Q4, Alibaba put most of its 2021 tech crackdown damage behind it. We’re beginning to see the effects of that today.</p><p>With a solid fourth quarter under its belt, Alibaba has a good foundation to build from. While the upcoming quarterly release is likely to be weak due to China’s heavy Q2 lockdowns, BABA will once again have soft comparisons in the September quarter. This lends credence to the idea that 2022 will be the year when Alibaba recovers–although the process may take longer than we initially thought.</p><p><b>Earnings Recap</b></p><p>For the fourth quarter, Alibaba delivered strong earnings, beating on both the top and bottom lines. Some highlights include:</p><ul><li><p>Revenue: $32.1 billion, up 9% (beat by $3 billion);</p></li><li><p>Operating income: $2.6 billion;</p></li><li><p>GAAP earnings: $-2.5 billion;</p></li><li><p>Adjusted earnings: $3.1 billion;</p></li><li><p>Diluted EPS: $1.25, down 23% (beat by $0.16);</p></li><li><p>Operating cash flow: $-1.1 billion.</p></li></ul><p>Pretty strong results, all things considered. Even with lockdowns taking place in the fourth quarter, Alibaba managed to grow its revenue by billions of dollars.</p><p>A few metrics in the release were particularly surprising, such as the 8% growth in core commerce. Going into the release, many investors expected the core eCommerce segment to weigh on results, as China was going through lockdowns in Q4. In past quarters, that segment underperformed relative to the cloud segment. This time around, that trend reversed. In Q4, Alibaba Cloud lost its biggest customer, which resulted in the segment growing by only 21%. Alibaba Cloud has long been considered a major potential growth driver for BABA, so its comparative under-performance in Q4 was a disappointment.</p><p>The cloud segment is worth exploring in detail. In the earnings release, BABA said that “a top customer” cut out its use of Alibaba cloud due to slowing demand in China. It did not specify the identity of the customer. The customer also apparently ceased using Alibaba Cloud in its international business, though it declined to say why. According to Alibaba, cloud growth would have been 29% had this customer not stopped using the service.</p><p>So, although Alibaba Cloud growth decelerated significantly in Q4, there is reason to think that it will pick up again. The 29% growth that Alibaba Cloud would have delivered had this customer still been in the picture would have been commensurate with past quarters, meaning that BABA would not have experienced deceleration. If Alibaba can get that customer back, then its growth could accelerate in the near future.</p><p><b>Competitors’ Results</b></p><p>To truly understand Alibaba’s Q4 results, we need to check in on how the company’s competitors have been doing. It’s well known that China’s government wants to increase competition in the tech sector, and this has been cited as a headwind for Alibaba. Given this, it makes sense to look at some of BABA’s competitors’ recent releases. Armed with this information, we can gauge how much of an advantage or disadvantage BABA has going forward.</p><p>First, let’s look at <b>JD.com, Inc.</b> (JD). JD’s earnings release was mixed. Revenue beat expectations, growing 18%, as did adjusted earnings. GAAP earnings, on the other hand, missed by a pretty wide margin, coming in at $-0.29, compared to $-0.02 expected. It wasn’t a great release, but the growth in revenue shows that one of BABA’s competitors is increasing its presence in the market. That could be thought of as a negative for BABA.</p><p>Next up we have <b>Pinduoduo Inc.</b> (PDD). PDD’s most recent release showed its slowest revenue growth in years. Coming in at 3%, the company’s revenue decelerated dramatically. That was definitely a positive for Alibaba. Pinduoduo’s popular group purchase model in agricultural goods could have made it a real competitor to BABA had it branched out into more product categories. Now that PDD’s growth is slowing down, it looks like the possible competitive threat has eased off. (<a href=\"https://ttm.financial/NW/1123192288\" target=\"_blank\">Pinduoduo has announced its quarterly results</a>)</p><p><b>Valuation</b></p><p>Alibaba’s Q4 results are particularly encouraging when we consider them along with the company’s valuation. Alibaba’s recent earnings beat expectations, yet the company’s stock is still very cheap, boasting valuation multiples like:</p><ul><li><p>Adjusted P/E: 9.5;</p></li><li><p>GAAP P/E: 21.9;</p></li><li><p>Price/sales: 1.69;</p></li><li><p>Price/book: 1.44;</p></li><li><p>Price/operating cash flow: 8.</p></li></ul><p>The above metrics strongly hint at a company that may be undervalued. BABA is, quite frankly, priced like it’s going out of business. Its price/book multiple is approaching a level where the company would be trading below the value of assets, net of debt, if its stock went much lower. In fact, Alibaba could reach the point where it’s trading below book value this quarter if its stock portfolio increases in value.</p><p>Alibaba is known to hold a lot of stocks and other marketable securities on its balance sheet. In recent quarters, this factor has been reducing the company’s GAAP earnings, as GAAP accounting rules state that you have to subtract mark-to-market losses on securities from net income, even if the losses weren’t realized. It’s a peculiar accounting rule that Warren Buffett has criticized due to it producing “earnings” that don’t reflect operating performance. It is true that mark-to-market accounting produces earnings that have nothing to do with business performance. However, this exact same factor could push BABA’s assets and earnings higher in the future, leading to an even lower price/book multiple and even greater perceived undervaluation.</p><p><b>Risks and Challenges</b></p><p>As we’ve seen, Alibaba is a strong player in China’s eCommerce industry that just put out a better-than-expected earnings release. Its stock is also very cheap. Taking all of this together, one gets the sense of a great value.</p><p>However, there are several risks and challenges to keep in mind, including:</p><ul><li><p><b>June quarter earnings.</b>It’s quite likely that Alibaba’s June quarter earnings will be weak. There were at least two full months of severe lockdowns in several Chinese cities in Q1. At the peak, more than 400 million Chinese citizens were locked down. There were some lockdowns in the just-reported quarter, but they weren’t as strict, and they didn’t affect as many people. There are already early signs that the Q2 lockdowns hit BABA pretty hard. BABA’s web traffic severely declined in April after rising in March. This suggests that, possibly, Chinese citizens were spending less money due to lockdown-induced supply constraints, or income loss.</p></li><li><p><b>Lockdowns.</b>Related to the June quarter earnings release is the prospect of Chinese lockdowns in general. China still officially maintains a “Zero COVID policy” which means that it is willing to use lockdowns to combat even small numbers of cases. This can lead to less retail spending when it occurs, which is a bad thing for online retail platforms like the ones BABA operates.</p></li><li><p><b>A renewed tech regulation.</b>China’s tech regulation was the biggest single factor behind Alibaba’s crash in 2021. The regulation resulted in BABA taking a $2.8 billion fine, a tax hike, and a host of other challenges. At the start of this year, it was looking like the regulation was still ongoing. The government was just about to launch a new inquiry into Ant Group when the COVID outbreak hit and the anti-trust inquiries were put on hold. Since then, China’s policy has been to support the markets rather than pressure them. However, there is always the possibility that the regulation will flare up again. If it does, it could cost BABA some money.</p></li><li><p><b>The macro climate.</b>China’s macroeconomic environment could be considered a short term risk factor for Alibaba. China’s retail spending growth was -11% in April. It could continue to be negative if China continues to pursue its aggressive stance on COVID. Additionally, China will face softer export growth should the U.S. enter the recession that many expect, and is still dealing with the economic fallout from the collapse of Evergrande. Taking all of these factors together, we get a picture of a decidedly challenging macroeconomic environment.</p></li></ul><p>If you’re considering taking a position in Alibaba, you’ll want to give the risk factors above a good hard mulling over. To my mind, BABA stock is a good value, because the stock is cheap and the company has a good competitive position. But a stock facing this many risk factors isn’t for everyone. It has been a volatile ride so far, and probably will be for the foreseeable future.</p><p>As for me, I plan to continue holding BABA. For an investor with a long time horizon, there are few better deals in the market today. A lot of people in this market speak of <b>Meta Platforms, Inc.</b> (FB) as a value stock, yet its multiples areall higher than BABA’sdespite it having slower revenue growth. Alibaba is the kind of rock bottom bargain you rarely see anywhere other than China, which is why I remain long this stock despite all of the risk factors it faces.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Earnings: Back Up The Truck</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Earnings: Back Up The Truck\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-27 22:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4514639-alibaba-earnings-back-up-the-truck><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.Expectations were low heading into the release.At this point, BABA has gotten beaten down to the point of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4514639-alibaba-earnings-back-up-the-truck\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4514639-alibaba-earnings-back-up-the-truck","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2238387186","content_text":"SummaryAlibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS.Expectations were low heading into the release.At this point, BABA has gotten beaten down to the point of absurdity.In this article I dissect Alibaba's Q4 earnings release and explain why I'm still long despite all the challenges.Michael Loccisano/Getty Images EntertainmentAlibaba Group Holding Limited (NYSE:BABA) just released its fourth quarter earnings. The release beat expectations on revenue as well as on EPS. The $3 billion year-over-year increase in revenue showed that BABA was able to crankout strong sales growth even amid China’s lockdowns and other macroeconomic headwinds.Alibaba had a lot of things working in its favor going into its Q2 release. The company had negative earnings in the prior year quarter, which meant that the comparisons were soft this time around. The company was caught off guard by some lockdowns in major Chinese cities, but it wasn’t until Q2 (Alibaba’s fiscal Q1) that they became truly widespread. Additionally, BABA enjoyed a significant increase in web traffic in Q4 across virtually all of its online channels. Despite these two factors working in BABA’s favor, analysts still cut estimates repeatedly throughout the quarter, leading to weak expectations.So, Alibaba had many advantages heading into this release. Which is why it was not surprising that earnings beat expectations. In Q4, Alibaba put most of its 2021 tech crackdown damage behind it. We’re beginning to see the effects of that today.With a solid fourth quarter under its belt, Alibaba has a good foundation to build from. While the upcoming quarterly release is likely to be weak due to China’s heavy Q2 lockdowns, BABA will once again have soft comparisons in the September quarter. This lends credence to the idea that 2022 will be the year when Alibaba recovers–although the process may take longer than we initially thought.Earnings RecapFor the fourth quarter, Alibaba delivered strong earnings, beating on both the top and bottom lines. Some highlights include:Revenue: $32.1 billion, up 9% (beat by $3 billion);Operating income: $2.6 billion;GAAP earnings: $-2.5 billion;Adjusted earnings: $3.1 billion;Diluted EPS: $1.25, down 23% (beat by $0.16);Operating cash flow: $-1.1 billion.Pretty strong results, all things considered. Even with lockdowns taking place in the fourth quarter, Alibaba managed to grow its revenue by billions of dollars.A few metrics in the release were particularly surprising, such as the 8% growth in core commerce. Going into the release, many investors expected the core eCommerce segment to weigh on results, as China was going through lockdowns in Q4. In past quarters, that segment underperformed relative to the cloud segment. This time around, that trend reversed. In Q4, Alibaba Cloud lost its biggest customer, which resulted in the segment growing by only 21%. Alibaba Cloud has long been considered a major potential growth driver for BABA, so its comparative under-performance in Q4 was a disappointment.The cloud segment is worth exploring in detail. In the earnings release, BABA said that “a top customer” cut out its use of Alibaba cloud due to slowing demand in China. It did not specify the identity of the customer. The customer also apparently ceased using Alibaba Cloud in its international business, though it declined to say why. According to Alibaba, cloud growth would have been 29% had this customer not stopped using the service.So, although Alibaba Cloud growth decelerated significantly in Q4, there is reason to think that it will pick up again. The 29% growth that Alibaba Cloud would have delivered had this customer still been in the picture would have been commensurate with past quarters, meaning that BABA would not have experienced deceleration. If Alibaba can get that customer back, then its growth could accelerate in the near future.Competitors’ ResultsTo truly understand Alibaba’s Q4 results, we need to check in on how the company’s competitors have been doing. It’s well known that China’s government wants to increase competition in the tech sector, and this has been cited as a headwind for Alibaba. Given this, it makes sense to look at some of BABA’s competitors’ recent releases. Armed with this information, we can gauge how much of an advantage or disadvantage BABA has going forward.First, let’s look at JD.com, Inc. (JD). JD’s earnings release was mixed. Revenue beat expectations, growing 18%, as did adjusted earnings. GAAP earnings, on the other hand, missed by a pretty wide margin, coming in at $-0.29, compared to $-0.02 expected. It wasn’t a great release, but the growth in revenue shows that one of BABA’s competitors is increasing its presence in the market. That could be thought of as a negative for BABA.Next up we have Pinduoduo Inc. (PDD). PDD’s most recent release showed its slowest revenue growth in years. Coming in at 3%, the company’s revenue decelerated dramatically. That was definitely a positive for Alibaba. Pinduoduo’s popular group purchase model in agricultural goods could have made it a real competitor to BABA had it branched out into more product categories. Now that PDD’s growth is slowing down, it looks like the possible competitive threat has eased off. (Pinduoduo has announced its quarterly results)ValuationAlibaba’s Q4 results are particularly encouraging when we consider them along with the company’s valuation. Alibaba’s recent earnings beat expectations, yet the company’s stock is still very cheap, boasting valuation multiples like:Adjusted P/E: 9.5;GAAP P/E: 21.9;Price/sales: 1.69;Price/book: 1.44;Price/operating cash flow: 8.The above metrics strongly hint at a company that may be undervalued. BABA is, quite frankly, priced like it’s going out of business. Its price/book multiple is approaching a level where the company would be trading below the value of assets, net of debt, if its stock went much lower. In fact, Alibaba could reach the point where it’s trading below book value this quarter if its stock portfolio increases in value.Alibaba is known to hold a lot of stocks and other marketable securities on its balance sheet. In recent quarters, this factor has been reducing the company’s GAAP earnings, as GAAP accounting rules state that you have to subtract mark-to-market losses on securities from net income, even if the losses weren’t realized. It’s a peculiar accounting rule that Warren Buffett has criticized due to it producing “earnings” that don’t reflect operating performance. It is true that mark-to-market accounting produces earnings that have nothing to do with business performance. However, this exact same factor could push BABA’s assets and earnings higher in the future, leading to an even lower price/book multiple and even greater perceived undervaluation.Risks and ChallengesAs we’ve seen, Alibaba is a strong player in China’s eCommerce industry that just put out a better-than-expected earnings release. Its stock is also very cheap. Taking all of this together, one gets the sense of a great value.However, there are several risks and challenges to keep in mind, including:June quarter earnings.It’s quite likely that Alibaba’s June quarter earnings will be weak. There were at least two full months of severe lockdowns in several Chinese cities in Q1. At the peak, more than 400 million Chinese citizens were locked down. There were some lockdowns in the just-reported quarter, but they weren’t as strict, and they didn’t affect as many people. There are already early signs that the Q2 lockdowns hit BABA pretty hard. BABA’s web traffic severely declined in April after rising in March. This suggests that, possibly, Chinese citizens were spending less money due to lockdown-induced supply constraints, or income loss.Lockdowns.Related to the June quarter earnings release is the prospect of Chinese lockdowns in general. China still officially maintains a “Zero COVID policy” which means that it is willing to use lockdowns to combat even small numbers of cases. This can lead to less retail spending when it occurs, which is a bad thing for online retail platforms like the ones BABA operates.A renewed tech regulation.China’s tech regulation was the biggest single factor behind Alibaba’s crash in 2021. The regulation resulted in BABA taking a $2.8 billion fine, a tax hike, and a host of other challenges. At the start of this year, it was looking like the regulation was still ongoing. The government was just about to launch a new inquiry into Ant Group when the COVID outbreak hit and the anti-trust inquiries were put on hold. Since then, China’s policy has been to support the markets rather than pressure them. However, there is always the possibility that the regulation will flare up again. If it does, it could cost BABA some money.The macro climate.China’s macroeconomic environment could be considered a short term risk factor for Alibaba. China’s retail spending growth was -11% in April. It could continue to be negative if China continues to pursue its aggressive stance on COVID. Additionally, China will face softer export growth should the U.S. enter the recession that many expect, and is still dealing with the economic fallout from the collapse of Evergrande. Taking all of these factors together, we get a picture of a decidedly challenging macroeconomic environment.If you’re considering taking a position in Alibaba, you’ll want to give the risk factors above a good hard mulling over. To my mind, BABA stock is a good value, because the stock is cheap and the company has a good competitive position. But a stock facing this many risk factors isn’t for everyone. It has been a volatile ride so far, and probably will be for the foreseeable future.As for me, I plan to continue holding BABA. For an investor with a long time horizon, there are few better deals in the market today. A lot of people in this market speak of Meta Platforms, Inc. (FB) as a value stock, yet its multiples areall higher than BABA’sdespite it having slower revenue growth. Alibaba is the kind of rock bottom bargain you rarely see anywhere other than China, which is why I remain long this stock despite all of the risk factors it faces.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022386292,"gmtCreate":1653476831116,"gmtModify":1676535288852,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Yes....near low point","listText":"Yes....near low point","text":"Yes....near low point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022386292","repostId":"2238588705","repostType":4,"repost":{"id":"2238588705","kind":"highlight","pubTimestamp":1653465040,"share":"https://ttm.financial/m/news/2238588705?lang=&edition=fundamental","pubTime":"2022-05-25 15:50","market":"us","language":"en","title":"Is Alibaba Stock a Buy Ahead of Earnings? 5-Star Analyst Weighs In","url":"https://stock-news.laohu8.com/highlight/detail?id=2238588705","media":"TipRanks","summary":"Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and del","content":"<div>\n<p>Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and deliver F4Q22’s financials. The latest quarterly update comes against a backdrop of a contracting ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/is-alibaba-stock-a-buy-ahead-of-earnings-5-star-analyst-weighs-in/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Alibaba Stock a Buy Ahead of Earnings? 5-Star Analyst Weighs In</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\">\nIs Alibaba Stock a Buy Ahead of Earnings? 5-Star Analyst Weighs In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-25 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/is-alibaba-stock-a-buy-ahead-of-earnings-5-star-analyst-weighs-in/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and deliver F4Q22’s financials. The latest quarterly update comes against a backdrop of a contracting ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/is-alibaba-stock-a-buy-ahead-of-earnings-5-star-analyst-weighs-in/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://www.tipranks.com/news/article/is-alibaba-stock-a-buy-ahead-of-earnings-5-star-analyst-weighs-in/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238588705","content_text":"Before Thursday’s market action kicks off, Alibaba (BABA) will step up to the earnings plate and deliver F4Q22’s financials. The latest quarterly update comes against a backdrop of a contracting Chinese economy, supply chain woes and the recent zero-COVID lockdowns.Taking these factors into consideration, ahead of the print, Baird’s 5-star analyst Colin Sebastian thinks some revisions are in order on the outlook for F23.The analyst now anticipates F1Q23 (June) revenues will increase by 4% year-over-year to reach ¥214.7 billion, below the prior forecast of ¥228.4 billion. This factors in the China commerce and international commerce segments dialing in revenue of ¥144.8 billion and ¥15.9 billion, respectively, vs. the ¥157.4 billion and ¥16.7 billion expected before. Sebastian’s full year forecast now calls for revenue of ¥945.7 billion, below the previous estimate of ¥959.3 billion.The new revised estimates “primarily reflect the deceleration in e-commerce and retail sales reported by China's NBS for April.” “Additionally,” Sebastian explained, “we believe that additional headwinds from recent pandemic-related lock downs in certain cities could impact New Retail and advertising revenues.”There are also respective reductions to the F1Q and FY23 EBITA estimates; these now stand at ¥45 billion (representing a 20% margin) and ¥149.8 billion (15.8% margin vs. the prior 18.6%).Despite the “near-term headwinds,” the company's continued focus on innovation and product development is encouraging and there have been signs the operating climate for Internet companies in China may be “normalizing.”“If that proves accurate,” says the analyst, “we believe there could be material upside in shares over the long term. For now, however, we think management's tone could remain cautious with respect to near-term growth and margins.”Other things to look out for on the earnings call include the recent lockdowns’ effect on the supply chain, the state of the regulatory environment, the progress of Taobao Deals and Taocaicai, growth and margins of the Cloud segment and the company’s capex plans.All in all, Sebastian reiterated an Outperform (i.e. Buy) rating on BABA shares along with a $144 price target. Should his thesis play out, a potential upside of ~75% could be in the cards.Overall, the analysts are fully behind Alibaba right now; based on Buys only - 18, in total - the stock boasts a Strong Buy consensus rating. Shares are priced at $82.47, and their $168.79 average price target suggests room for ~105% growth on the one-year time horizon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066921022,"gmtCreate":1651841681466,"gmtModify":1676534981620,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Congrats to all NIO shareholders&nbsp;","listText":"Congrats to all NIO shareholders&nbsp;","text":"Congrats to all NIO shareholders","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066921022","repostId":"1103233683","repostType":4,"repost":{"id":"1103233683","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651826144,"share":"https://ttm.financial/m/news/1103233683?lang=&edition=fundamental","pubTime":"2022-05-06 16:35","market":"sg","language":"en","title":"NIO Shares Gained 3% As Wins Nod for Secondary Listing on SGX","url":"https://stock-news.laohu8.com/highlight/detail?id=1103233683","media":"Tiger Newspress","summary":"Nio shares gained 3% as wins nod for secondary listing on SGX.Nio has received a conditional green l","content":"<html><head></head><body><p>Nio shares gained 3% as wins nod for secondary listing on SGX.<img src=\"https://static.tigerbbs.com/7c9f623748c12ce14511dc9a05b8f080\" tg-width=\"823\" tg-height=\"649\" width=\"100%\" height=\"auto\"/>Nio has received a conditional green light for its proposed secondary listing in Singapore.</p><p>The Singapore Exchange (SGX) has issued the company a conditional eligibility-to-list (ETL) letter for the listing on its mainboard, Nio said on Friday (May 6).</p><p>Nio is primary-listed in the US on the New York Stock Exchange (NYSE). It is proposing to list its Class A ordinary shares with a par value of US$0.00025 each by way of introduction on the SGX.</p><p>The company, which is seen as one of Tesla&#39;s closest competitors in China, plans to release an introductory document relating to the listing later this month.</p><p>Upon listing on the mainboard, the shares will be fully fungible with its American depositary shares listed on the NYSE, Nio said.</p><p>In February, the EV maker announced that it was seeking secondary listings in Singapore and Hong Kong.</p><p>According to a prospectus posted on the Hong Kong Exchange (HKEX), its application for a listing on the SGX was still being reviewed as at Feb 18.</p><p>Meanwhile, it made its debut on the HKEX on Mar 10, a year after it filed for the listing. Nio also listed in Hong Kong by way of introduction.</p><p>On the SGX, issuers can apply to list by way of introduction without making any subscription or sale offers for its securities if it meets requirements, such as where the securities are already listed on another stock exchange.</p><p>After listing, issuers are not permitted to carry out any fundraising activities in Singapore within 3 months.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Shares Gained 3% As Wins Nod for Secondary Listing on SGX</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Shares Gained 3% As Wins Nod for Secondary Listing on SGX\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-06 16:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nio shares gained 3% as wins nod for secondary listing on SGX.<img src=\"https://static.tigerbbs.com/7c9f623748c12ce14511dc9a05b8f080\" tg-width=\"823\" tg-height=\"649\" width=\"100%\" height=\"auto\"/>Nio has received a conditional green light for its proposed secondary listing in Singapore.</p><p>The Singapore Exchange (SGX) has issued the company a conditional eligibility-to-list (ETL) letter for the listing on its mainboard, Nio said on Friday (May 6).</p><p>Nio is primary-listed in the US on the New York Stock Exchange (NYSE). It is proposing to list its Class A ordinary shares with a par value of US$0.00025 each by way of introduction on the SGX.</p><p>The company, which is seen as one of Tesla&#39;s closest competitors in China, plans to release an introductory document relating to the listing later this month.</p><p>Upon listing on the mainboard, the shares will be fully fungible with its American depositary shares listed on the NYSE, Nio said.</p><p>In February, the EV maker announced that it was seeking secondary listings in Singapore and Hong Kong.</p><p>According to a prospectus posted on the Hong Kong Exchange (HKEX), its application for a listing on the SGX was still being reviewed as at Feb 18.</p><p>Meanwhile, it made its debut on the HKEX on Mar 10, a year after it filed for the listing. Nio also listed in Hong Kong by way of introduction.</p><p>On the SGX, issuers can apply to list by way of introduction without making any subscription or sale offers for its securities if it meets requirements, such as where the securities are already listed on another stock exchange.</p><p>After listing, issuers are not permitted to carry out any fundraising activities in Singapore within 3 months.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103233683","content_text":"Nio shares gained 3% as wins nod for secondary listing on SGX.Nio has received a conditional green light for its proposed secondary listing in Singapore.The Singapore Exchange (SGX) has issued the company a conditional eligibility-to-list (ETL) letter for the listing on its mainboard, Nio said on Friday (May 6).Nio is primary-listed in the US on the New York Stock Exchange (NYSE). It is proposing to list its Class A ordinary shares with a par value of US$0.00025 each by way of introduction on the SGX.The company, which is seen as one of Tesla's closest competitors in China, plans to release an introductory document relating to the listing later this month.Upon listing on the mainboard, the shares will be fully fungible with its American depositary shares listed on the NYSE, Nio said.In February, the EV maker announced that it was seeking secondary listings in Singapore and Hong Kong.According to a prospectus posted on the Hong Kong Exchange (HKEX), its application for a listing on the SGX was still being reviewed as at Feb 18.Meanwhile, it made its debut on the HKEX on Mar 10, a year after it filed for the listing. Nio also listed in Hong Kong by way of introduction.On the SGX, issuers can apply to list by way of introduction without making any subscription or sale offers for its securities if it meets requirements, such as where the securities are already listed on another stock exchange.After listing, issuers are not permitted to carry out any fundraising activities in Singapore within 3 months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559015246700955","authorId":"3559015246700955","name":"Kenina","avatar":"https://community-static.tradeup.com/news/38106051dd8bc102d2750782cb8af009","crmLevel":5,"crmLevelSwitch":1,"idStr":"3559015246700955","authorIdStr":"3559015246700955"},"content":"what does it meant by on par value of US$0.00025? how much will the stock price be in sgx?","text":"what does it meant by on par value of US$0.00025? how much will the stock price be in sgx?","html":"what does it meant by on par value of US$0.00025? how much will the stock price be in sgx?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013685936,"gmtCreate":1648720304337,"gmtModify":1676534385687,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Proven to be worth keep eyes on their strategies on investment&nbsp;","listText":"Proven to be worth keep eyes on their strategies on investment&nbsp;","text":"Proven to be worth keep eyes on their strategies on investment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013685936","repostId":"2223043354","repostType":4,"repost":{"id":"2223043354","kind":"highlight","pubTimestamp":1648718419,"share":"https://ttm.financial/m/news/2223043354?lang=&edition=fundamental","pubTime":"2022-03-31 17:20","market":"us","language":"en","title":"Warren Buffett's 3 Greatest Investments of All Time","url":"https://stock-news.laohu8.com/highlight/detail?id=2223043354","media":"Motley Fool","summary":"Two investments and an acquisition have made Berkshire Hathaway a boatload of money.","content":"<html><head></head><body><p><b>Berkshire Hathaway</b> CEO Warren Buffett has a penchant for making money. Since becoming CEO in 1965, he&#39;s created more than $790 billion in value for shareholders (himself included), as well as overseen an aggregate return on the company&#39;s Class A (BRK.A) shares of 4,355,005%, through March 27, 2022.</p><p>While there are numerous reasons for the Oracle of Omaha&#39;s success, they all effectively boil down to making smart investments and acquisitions. The following three investments are arguably Buffett&#39;s greatest of all time.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e92116e97f06291ec28eda85974acb1b\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p><h2>Greatest nominal dollar return: Apple</h2><p>In terms of nominal dollar returns, there&#39;s little question that tech-kingpin <b>Apple</b> takes the crown.</p><p>According to Berkshire Hathaway&#39;s 2021 annual shareholder letter, Buffett&#39;s company spent $31.089 billion to acquire 907,559,761 shares of Apple. For those of you keeping score at home, this works out to a cost basis of $34.26 a share. But as of the closing bell on March 25, Apple&#39;s shares were changing hands at $174.72. This equates to a market value of approximately $158.6 billion and an unrealized gain totaling $127.5 billion.</p><p>Keep in mind, the above unrealized gain doesn&#39;t factor in the nearly $800 million in dividend income Buffett&#39;s company is generating annually from owning more than 907 million shares of Apple, nor does it account for the small percentage of Apple shares Berkshire previously sold at a profit.</p><p>These incredible returns are primarily a function of Apple&#39;s innovation. Based on data from Counterpoint, Apple accounted for 56% of all U.S. smartphone sales during the fourth quarter. That was up from 40% in the third quarter of 2020. Since introducing 5G-capable iPhones, the market-share gap between Apple and <b>Samsung</b>, the No. 2 in U.S. smartphone share, has grown from 10 percentage points to 34.</p><p>Apple CEO Tim Cook is also overseeing a long-term evolution that&#39;ll focus the company&#39;s attention on subscription services. A bigger emphasis on services can reduce the revenue lumpiness associated with product-replacement cycles, as well as lift the company&#39;s margins over time.</p><p>Warren Buffett is a big fan of Apple&#39;s hearty capital-return program, too. Apple has spent hundreds of billions of dollars repurchasing its shares and also raised its dividend multiple times. As long as the company continues to innovate and reward shareholders, I don&#39;t believe we&#39;ll see Buffett or his investment team pare down this enormous stake.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c13ce819ae0ba9b6755b8d61f6584bbc\" tg-width=\"700\" tg-height=\"439\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Greatest return from an acquisition: GEICO</h2><p>Whereas Apple is Buffett&#39;s greatest nominal dollar investment of all time, insurance company GEICO is unquestionably Berkshire Hathaway&#39;s greatest acquisition in history.</p><p>It all began in 1976, when the Oracle of Omaha&#39;s company made a $23.5 million investment in GEICO ($4.1 million in common stock and the remainder in convertible preferred stock). With additional investments made in subsequent years, Berkshire owned a third of the company, while having invested about $46 million by 1980.</p><p>Following a steady stream of stock buybacks throughout the 1980s and the first half of the 1990s, Berkshire&#39;s stake in GEICO grew to around 50%. In 1996, Buffett&#39;s company acquired the 49% stake it didn&#39;t already own for $2.3 billion. In total, close to $2.35 billion was spent investing in and eventually acquiring GEICO between 1976 and 1996.</p><p>How much is GEICO worth today? It really depends on some inexact science. As my Foolish colleague Billy Duberstein pointed out in 2019, Berkshire acquired GEICO for 15.2 times pre-tax earnings and a price-to-sales ratio of 1.54. If we average GEICO&#39;s pre-tax profits and sales between 2019 and 2021 (I&#39;m averaging these three years due to the impact of COVID-19), we arrive at a valuation of $31.4 billion (based on the 15.2X earnings multiple) to $55.6 billion (based on a 1.54 price-to-sales multiple). This equates to a gain relative to total cost of between 1,236% and 2,266%. In nominal dollars, we&#39;re talking about a $29 billion to $53 billion increase in value.</p><p>Over 45 years later, GEICO still checks all the boxes Buffett would look for in an insurance stock. It has a well-known brand name and, most importantly, it&#39;s had no issue passing along premium price hikes, when necessary. While its pre-tax earnings have been all over the board over the past couple of years due to COVID-19, it continues to be a profitable and foundational pillar in the eyes of Buffett.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a023694ce4b4e40463c6f0f2f29037f0\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Greatest percentage gain from an existing investment: Moody&#39;s</h2><p>The third all-time great investment from the Oracle Omaha, at least in terms of percentage gain for an investment that wasn&#39;t wholly acquired, has to be ratings-agency <b>Moody&#39;s</b>.</p><p>Moody&#39;s has been a continuous holding for Berkshire Hathaway since it was spun off from <b>Dun &amp; Bradstreet</b> in 2000. Based on Berkshire&#39;s annual shareholder letter, the company outlaid $248 million to acquire 24,669,778 shares of Moody&#39;s. This works out to a cost basis of $10.05 per share. But with Moody&#39;s ending last week at $330.51, Berkshire&#39;s initial investment is up by nearly 3,200%!</p><p>But there&#39;s a catch: I&#39;m not including the profits Berkshire Hathaway booked from paring down its Moody&#39;s stake over the past 21-plus years and haven&#39;t accounted for the dividends Moody&#39;s has paid over that time. If we include the dividends paid since Moody&#39;s made its debut as a public company in October 2000, Berkshire Hathaway&#39;s total return on its remaining Moody&#39;s shares is very close to 4,000%!</p><p>There are two key reasons Moody&#39;s has been such an amazing investment for Warren Buffett. To start with, a decade of falling interest rates encouraged businesses to borrow in order to hire, acquire, and innovate. A big uptick in corporate debt issuance, especially as lending rates hit historic lows over the past couple of years, kept Moody&#39;s ratings agency busy.</p><p>The other key catalyst for Moody&#39;s has been its fast-growing analytics segment. This division is tasked with helping businesses assess economic and credit risks, as well as maintain regulatory compliance. You can imagine how handy Moody&#39;s services have been during a pandemic, the China-U.S. trade war, and the Great Recession between 2007 and 2009.</p><p>Even with the Federal Reserve raising interest rates, both of Moody&#39;s core operating segments should continue to generate mid- to high-single-digit sales growth.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett's 3 Greatest Investments of All Time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett's 3 Greatest Investments of All Time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-31 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/31/warren-buffett-3-greatest-investments-of-all-time/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway CEO Warren Buffett has a penchant for making money. Since becoming CEO in 1965, he's created more than $790 billion in value for shareholders (himself included), as well as overseen...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/31/warren-buffett-3-greatest-investments-of-all-time/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4559":"巴菲特持仓","BRK.B":"伯克希尔B","BK4538":"云计算","BK4501":"段永平概念","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4579":"人工智能","BRK.A":"伯克希尔","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4097":"系统软件","BK4581":"高盛持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4176":"多领域控股","BK4528":"SaaS概念","BK4516":"特朗普概念","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","ORCL":"甲骨文","BK4571":"数字音乐概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","AAPL":"苹果","BK4566":"资本集团","BK4575":"芯片概念"},"source_url":"https://www.fool.com/investing/2022/03/31/warren-buffett-3-greatest-investments-of-all-time/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2223043354","content_text":"Berkshire Hathaway CEO Warren Buffett has a penchant for making money. Since becoming CEO in 1965, he's created more than $790 billion in value for shareholders (himself included), as well as overseen an aggregate return on the company's Class A (BRK.A) shares of 4,355,005%, through March 27, 2022.While there are numerous reasons for the Oracle of Omaha's success, they all effectively boil down to making smart investments and acquisitions. The following three investments are arguably Buffett's greatest of all time.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.Greatest nominal dollar return: AppleIn terms of nominal dollar returns, there's little question that tech-kingpin Apple takes the crown.According to Berkshire Hathaway's 2021 annual shareholder letter, Buffett's company spent $31.089 billion to acquire 907,559,761 shares of Apple. For those of you keeping score at home, this works out to a cost basis of $34.26 a share. But as of the closing bell on March 25, Apple's shares were changing hands at $174.72. This equates to a market value of approximately $158.6 billion and an unrealized gain totaling $127.5 billion.Keep in mind, the above unrealized gain doesn't factor in the nearly $800 million in dividend income Buffett's company is generating annually from owning more than 907 million shares of Apple, nor does it account for the small percentage of Apple shares Berkshire previously sold at a profit.These incredible returns are primarily a function of Apple's innovation. Based on data from Counterpoint, Apple accounted for 56% of all U.S. smartphone sales during the fourth quarter. That was up from 40% in the third quarter of 2020. Since introducing 5G-capable iPhones, the market-share gap between Apple and Samsung, the No. 2 in U.S. smartphone share, has grown from 10 percentage points to 34.Apple CEO Tim Cook is also overseeing a long-term evolution that'll focus the company's attention on subscription services. A bigger emphasis on services can reduce the revenue lumpiness associated with product-replacement cycles, as well as lift the company's margins over time.Warren Buffett is a big fan of Apple's hearty capital-return program, too. Apple has spent hundreds of billions of dollars repurchasing its shares and also raised its dividend multiple times. As long as the company continues to innovate and reward shareholders, I don't believe we'll see Buffett or his investment team pare down this enormous stake.Image source: Getty Images.Greatest return from an acquisition: GEICOWhereas Apple is Buffett's greatest nominal dollar investment of all time, insurance company GEICO is unquestionably Berkshire Hathaway's greatest acquisition in history.It all began in 1976, when the Oracle of Omaha's company made a $23.5 million investment in GEICO ($4.1 million in common stock and the remainder in convertible preferred stock). With additional investments made in subsequent years, Berkshire owned a third of the company, while having invested about $46 million by 1980.Following a steady stream of stock buybacks throughout the 1980s and the first half of the 1990s, Berkshire's stake in GEICO grew to around 50%. In 1996, Buffett's company acquired the 49% stake it didn't already own for $2.3 billion. In total, close to $2.35 billion was spent investing in and eventually acquiring GEICO between 1976 and 1996.How much is GEICO worth today? It really depends on some inexact science. As my Foolish colleague Billy Duberstein pointed out in 2019, Berkshire acquired GEICO for 15.2 times pre-tax earnings and a price-to-sales ratio of 1.54. If we average GEICO's pre-tax profits and sales between 2019 and 2021 (I'm averaging these three years due to the impact of COVID-19), we arrive at a valuation of $31.4 billion (based on the 15.2X earnings multiple) to $55.6 billion (based on a 1.54 price-to-sales multiple). This equates to a gain relative to total cost of between 1,236% and 2,266%. In nominal dollars, we're talking about a $29 billion to $53 billion increase in value.Over 45 years later, GEICO still checks all the boxes Buffett would look for in an insurance stock. It has a well-known brand name and, most importantly, it's had no issue passing along premium price hikes, when necessary. While its pre-tax earnings have been all over the board over the past couple of years due to COVID-19, it continues to be a profitable and foundational pillar in the eyes of Buffett.Image source: Getty Images.Greatest percentage gain from an existing investment: Moody'sThe third all-time great investment from the Oracle Omaha, at least in terms of percentage gain for an investment that wasn't wholly acquired, has to be ratings-agency Moody's.Moody's has been a continuous holding for Berkshire Hathaway since it was spun off from Dun & Bradstreet in 2000. Based on Berkshire's annual shareholder letter, the company outlaid $248 million to acquire 24,669,778 shares of Moody's. This works out to a cost basis of $10.05 per share. But with Moody's ending last week at $330.51, Berkshire's initial investment is up by nearly 3,200%!But there's a catch: I'm not including the profits Berkshire Hathaway booked from paring down its Moody's stake over the past 21-plus years and haven't accounted for the dividends Moody's has paid over that time. If we include the dividends paid since Moody's made its debut as a public company in October 2000, Berkshire Hathaway's total return on its remaining Moody's shares is very close to 4,000%!There are two key reasons Moody's has been such an amazing investment for Warren Buffett. To start with, a decade of falling interest rates encouraged businesses to borrow in order to hire, acquire, and innovate. A big uptick in corporate debt issuance, especially as lending rates hit historic lows over the past couple of years, kept Moody's ratings agency busy.The other key catalyst for Moody's has been its fast-growing analytics segment. This division is tasked with helping businesses assess economic and credit risks, as well as maintain regulatory compliance. You can imagine how handy Moody's services have been during a pandemic, the China-U.S. trade war, and the Great Recession between 2007 and 2009.Even with the Federal Reserve raising interest rates, both of Moody's core operating segments should continue to generate mid- to high-single-digit sales growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038356025,"gmtCreate":1646750082624,"gmtModify":1676534157853,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Buy for mid to long term.Bargain buying now","listText":"Buy for mid to long term.Bargain buying now","text":"Buy for mid to long term.Bargain buying now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038356025","repostId":"1183643552","repostType":4,"repost":{"id":"1183643552","kind":"news","pubTimestamp":1646708017,"share":"https://ttm.financial/m/news/1183643552?lang=&edition=fundamental","pubTime":"2022-03-08 10:53","market":"us","language":"en","title":"Why Palantir Stock Rallied Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1183643552","media":"Motley Fool","summary":"A respected Wall Street firm is less bearish on the software company.","content":"<html><head></head><body><p><b>What happened</b></p><p>Shares of <b>Palantir Technologies</b> rose on Monday, following an analyst upgrade. As of closed, the data analytics company&#39;s stock price was up 1.4% after rising as much as 7.2% earlier in the day.</p><p><b>So what</b></p><p><b>Morgan Stanley</b> analyst Keith Weiss raised his rating on Palantir&#39;s shares from underweight to equal weight. Though he cut his price forecast from $24 to $16 to reflect investors&#39; recent reticence to pay high valuation multiples for tech stocks, his new estimate is still more than 40% higher than Palantir&#39;s current price near $11.25.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7bd6eede9bfb9f8120968e9cc29b06e2\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><p>Weiss believes Palantir&#39;s government operations are well situated for the current geological environment. Recent turmoil in Europe should only boost demand for the company&#39;s defense-focused data services.</p><p>Additionally, Weiss expects Palantir&#39;s efforts to build out its commercial salesforce to bear fruit in the coming years. The software company&#39;s commercial revenue jumped 47% year over year in the fourth quarter, including a 132% surge in the U.S.</p><p>Moreover, Weiss notes that Palantir&#39;s stock is now more attractively priced after its recent swoon, particularly when factoring in its growth rates and cash flow production. In turn, he believes that many of the risks inherent in an investment in Palantir are already reflected in its share price.</p><p>Still, Weiss would like to see more stability in Palantir&#39;s operating margins and evidence of stronger growth in its government and commercial segments before upgrading the stock to an overweight rating.</p><p><b>Now what</b></p><p>Even after today&#39;s gains, Palantir&#39;s stock price is down about 38% so far this year. Although its shares aren&#39;t cheap at roughly 60 times analysts&#39; earnings estimates for 2022, they are now much more reasonable, especially when considering Palantir&#39;s greater than 40% projected growth rate over the next five years.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Palantir Stock Rallied Monday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Palantir Stock Rallied Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-08 10:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/07/why-palantir-stock-rallied-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedShares of Palantir Technologies rose on Monday, following an analyst upgrade. As of closed, the data analytics company's stock price was up 1.4% after rising as much as 7.2% earlier in ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/07/why-palantir-stock-rallied-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2022/03/07/why-palantir-stock-rallied-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183643552","content_text":"What happenedShares of Palantir Technologies rose on Monday, following an analyst upgrade. As of closed, the data analytics company's stock price was up 1.4% after rising as much as 7.2% earlier in the day.So whatMorgan Stanley analyst Keith Weiss raised his rating on Palantir's shares from underweight to equal weight. Though he cut his price forecast from $24 to $16 to reflect investors' recent reticence to pay high valuation multiples for tech stocks, his new estimate is still more than 40% higher than Palantir's current price near $11.25.Image source: Getty Images.Weiss believes Palantir's government operations are well situated for the current geological environment. Recent turmoil in Europe should only boost demand for the company's defense-focused data services.Additionally, Weiss expects Palantir's efforts to build out its commercial salesforce to bear fruit in the coming years. The software company's commercial revenue jumped 47% year over year in the fourth quarter, including a 132% surge in the U.S.Moreover, Weiss notes that Palantir's stock is now more attractively priced after its recent swoon, particularly when factoring in its growth rates and cash flow production. In turn, he believes that many of the risks inherent in an investment in Palantir are already reflected in its share price.Still, Weiss would like to see more stability in Palantir's operating margins and evidence of stronger growth in its government and commercial segments before upgrading the stock to an overweight rating.Now whatEven after today's gains, Palantir's stock price is down about 38% so far this year. Although its shares aren't cheap at roughly 60 times analysts' earnings estimates for 2022, they are now much more reasonable, especially when considering Palantir's greater than 40% projected growth rate over the next five years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093628894,"gmtCreate":1643616817646,"gmtModify":1676533836569,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Likelihood is going to be positive.&nbsp;Market force remain strong despite pressure on higher interest rate in Q2 &amp; Q3.","listText":"Likelihood is going to be positive.&nbsp;Market force remain strong despite pressure on higher interest rate in Q2 &amp; Q3.","text":"Likelihood is going to be positive. Market force remain strong despite pressure on higher interest rate in Q2 & Q3.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093628894","repostId":"1171507185","repostType":4,"repost":{"id":"1171507185","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643184978,"share":"https://ttm.financial/m/news/1171507185?lang=&edition=fundamental","pubTime":"2022-01-26 16:16","market":"us","language":"en","title":"Alphabet Earnings Preview: What to Watch on Feb. 1","url":"https://stock-news.laohu8.com/highlight/detail?id=1171507185","media":"Tiger Newspress","summary":"Alphabet will issue its quarterly earnings data after the market closes on Tuesday, February 1st.Alp","content":"<html><head></head><body><p>Alphabet will issue its quarterly earnings data after the market closes on Tuesday, February 1st.</p><p>Alphabet is projected to report earnings of $26.85 per share, which would represent year-over-year growth of 20.4%. Meanwhile, the latest consensus estimate is calling for revenue of $59.3 billion, up 27.71% from the prior-year quarter.</p><p>Here&#39;s what to watch in Alphabet&#39;s upcoming report.</p><p><b>Search, Ad &amp; Cloud Momentum to Aid Growth</b></p><p>Alphabet’s expanding ad services portfolio, robust search engine and improving search results are likely to have benefited the fourth-quarter performance.</p><p>The company’s continued efforts toward innovation of its search segment, which accounts for the major portion of the total revenues, is expected to have continued driving traffic on its platform in the to-be-reported quarter. The growing momentum across its mobile search is anticipated to have been another positive.</p><p>The introduction of AI-backed Multitask Unified Models technology is likely to have continued enhancing the search results to the unique queries of users.</p><p>Continued efforts to bolster the news ecosystem for the company’s Search and Discovery feed, and offering access to quality journalism are expected to have been positives.</p><p>Technical advancements in Google Assistant and Google Maps are expected to have driven the momentum across search further, which, in turn, is expected to have contributed well to the fourth-quarter performance of Google Services.</p><p>In addition to this, Google has been gaining traction with the Local Services ads. This is expected to get reflected in its fourth-quarter advertisement revenues. Moreover, solid momentum across retail, media &amp; entertainment, finance, and travel categories is likely to have aided growth in its advertising business.</p><p>Coming to cloud prospects, Google has been significantly gaining momentum in the highly competitive cloud market on the back of its expanding cloud services portfolio and an increasing number of data centers. The impacts of this are expected to have driven the company’s cloud revenues in the quarter under review.</p><p>The solid adoption of Google Workspace is likely to have contributed well to the performance of the Google Cloud segment.</p><p><b>Android, Meet, Waymo &amp; Google TV Efforts to Consider</b></p><p>Google’s strength across Android, digital payment, autonomous driving and healthcare is anticipated to have aided its fourth-quarter performance.</p><p>The growing momentum across Android 12 is likely to have benefited the company’s performance in the to-be-reported quarter. New widgets designed for personalizing phones, new dashboards and indicators for privacy management, and more gesture features, which aid in communication and controlling phones, are expected to have continued bolstering the adoption rate of Android 12.</p><p>In addition to this, Google’s persistent efforts to infuse its video conferencing software, Google Meet, with advanced features are likely to have bolstered its user base in the quarter to be reported. The company made advancements in Google Meet, with the help of which the software will notify users when there will be echo on video calls.</p><p>Further, growing prospects around Alphabet’s self-driving unit, Waymo, are expected to have been a major tailwind. In the fourth quarter, Waymo expanded its partnership with UPS to initiate autonomous freight movement with Waymo Via Class 8 trucks, which are powered by the fifth-generation Waymo Driver.</p><p>The impacts of the strengthening momentum across the company’s Early Rider program, which is currently available in San Francisco, CA, and Phoenix, AZ, are expected to get reflected in the upcoming results of the company.</p><p>Apart from this, the company’s strong Google TV efforts are expected to have driven its momentum in the streaming market in the quarter under review. Google introduced its first Chromecast streaming dongle for Google TV. Further, Mecool has launched its first Google TV streaming stick named Mecool KD3, which supports the over-the-top streaming service of Netflix.</p><p>Also, Realme introduced Realme 4K Smart Google TV streaming stick in India, which, in turn, is expected to have expanded the reach of Google TV in the country.</p><p><b>YouTube</b></p><p>YouTube has become the second most popular social media platform globally, and the platform&#39;s global user base amounted to approximately 2,240 million in 2021, projected to reach over 2,854 million users by 2025 with a CAGR of 5%.</p><p>According to the research firm, YouTube’s third-quarter advertising revenue was US$7.2 billion, a year-on-year increase of 43%. Moreover, Netflix’s Q3 revenue was US$7.5 billion, a year-on-year increase of 16%.</p><p>As YouTube continues to grow, Mirabaud Equity Research analyst Camplin said that it will “soon surpass Netflix and become the new king of streaming media.” He added in a report to investors that if YouTube were an independent company, its value would be between US$600 billion and US$700 billion. As a reference, the current market value of Netflix is $160 billion.</p><p>Alphabet also benefits from tailwinds leading to a robust prospective future with excellent financial performance and solid fundamentals. In addition, the pandemic brought digital transformation, which is expected to be further solidified with economic rebound resulting in a higher consumer spending on online retail, consequently, an increase in Digital advertisement.</p><p><b>Metaverse</b></p><p>Google entered the AR space ahead of time with its Google Glass initiative in 2013 but shortly ceased to flourish amid public outrage pertaining to its built-in data collection capabilities. However, the product is still in circulation as the company released an Enterprise Edition in 2019. Since then, the digital world has come a long way, and video recorders are now virtually embedded in all aspects of our lives through our smartphones. With Google Glass, Alphabet has been a pioneer of AR hardware, and a relaunch of the Google Glass will tell an entirely different story.</p><p>After Google&#39;s demo of Project Starline, a hyper-realistic 3D video booth, in 2021, Alphabet is now stepping into the Metaverse through its AR venture, Project Iris. The project is reportedly aiming at a 2024 launch date. In addition, the company acquired North, a pioneer in human-computer interfaces and smart glasses, in 2020 to focus on &#34;ambient computing.&#34; In the recent earnings call, the CEO Sundar Pichai said:</p><p>For a while, we have deeply focused on thinking through computing for the long term. We&#39;ve talked about ambient computing, and it&#39;s just a matter of time before, you know, beyond phones, you&#39;ll see other successful form factors. And AR is an exciting part of that future.</p><p>In a recent interview, the CEO also highlighted:</p><p>It’s always been obvious to me that computing over time will adapt to people than people adapting to computers. You won’t always interact with computing in a black rectangle in front of you. So, just like you speak to people, you see and interact, computers will become more immersive. They’ll be there when you need them to be. So, I have always been excited about the future of immersive computing, ambient computing, AR… The way I think about it is evolving computing in an immersive way with augmented reality.</p><p>Further, the company is developing a dedicated Operating System (OS) for its AR project under the former General Manager for OS in Meta Platforms, Mark Lucovsky. He posted job listings that point heavily towards Google&#39;s re-entry into this market segment. With Metaverse holding a big chunk of the future tech market, Google is uniquely positioned to leverage its powerhouse to grab a slice of that $800 billion market share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet Earnings Preview: What to Watch on Feb. 1</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\">\nAlphabet Earnings Preview: What to Watch on Feb. 1\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-26 16:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alphabet will issue its quarterly earnings data after the market closes on Tuesday, February 1st.</p><p>Alphabet is projected to report earnings of $26.85 per share, which would represent year-over-year growth of 20.4%. Meanwhile, the latest consensus estimate is calling for revenue of $59.3 billion, up 27.71% from the prior-year quarter.</p><p>Here&#39;s what to watch in Alphabet&#39;s upcoming report.</p><p><b>Search, Ad &amp; Cloud Momentum to Aid Growth</b></p><p>Alphabet’s expanding ad services portfolio, robust search engine and improving search results are likely to have benefited the fourth-quarter performance.</p><p>The company’s continued efforts toward innovation of its search segment, which accounts for the major portion of the total revenues, is expected to have continued driving traffic on its platform in the to-be-reported quarter. The growing momentum across its mobile search is anticipated to have been another positive.</p><p>The introduction of AI-backed Multitask Unified Models technology is likely to have continued enhancing the search results to the unique queries of users.</p><p>Continued efforts to bolster the news ecosystem for the company’s Search and Discovery feed, and offering access to quality journalism are expected to have been positives.</p><p>Technical advancements in Google Assistant and Google Maps are expected to have driven the momentum across search further, which, in turn, is expected to have contributed well to the fourth-quarter performance of Google Services.</p><p>In addition to this, Google has been gaining traction with the Local Services ads. This is expected to get reflected in its fourth-quarter advertisement revenues. Moreover, solid momentum across retail, media &amp; entertainment, finance, and travel categories is likely to have aided growth in its advertising business.</p><p>Coming to cloud prospects, Google has been significantly gaining momentum in the highly competitive cloud market on the back of its expanding cloud services portfolio and an increasing number of data centers. The impacts of this are expected to have driven the company’s cloud revenues in the quarter under review.</p><p>The solid adoption of Google Workspace is likely to have contributed well to the performance of the Google Cloud segment.</p><p><b>Android, Meet, Waymo &amp; Google TV Efforts to Consider</b></p><p>Google’s strength across Android, digital payment, autonomous driving and healthcare is anticipated to have aided its fourth-quarter performance.</p><p>The growing momentum across Android 12 is likely to have benefited the company’s performance in the to-be-reported quarter. New widgets designed for personalizing phones, new dashboards and indicators for privacy management, and more gesture features, which aid in communication and controlling phones, are expected to have continued bolstering the adoption rate of Android 12.</p><p>In addition to this, Google’s persistent efforts to infuse its video conferencing software, Google Meet, with advanced features are likely to have bolstered its user base in the quarter to be reported. The company made advancements in Google Meet, with the help of which the software will notify users when there will be echo on video calls.</p><p>Further, growing prospects around Alphabet’s self-driving unit, Waymo, are expected to have been a major tailwind. In the fourth quarter, Waymo expanded its partnership with UPS to initiate autonomous freight movement with Waymo Via Class 8 trucks, which are powered by the fifth-generation Waymo Driver.</p><p>The impacts of the strengthening momentum across the company’s Early Rider program, which is currently available in San Francisco, CA, and Phoenix, AZ, are expected to get reflected in the upcoming results of the company.</p><p>Apart from this, the company’s strong Google TV efforts are expected to have driven its momentum in the streaming market in the quarter under review. Google introduced its first Chromecast streaming dongle for Google TV. Further, Mecool has launched its first Google TV streaming stick named Mecool KD3, which supports the over-the-top streaming service of Netflix.</p><p>Also, Realme introduced Realme 4K Smart Google TV streaming stick in India, which, in turn, is expected to have expanded the reach of Google TV in the country.</p><p><b>YouTube</b></p><p>YouTube has become the second most popular social media platform globally, and the platform&#39;s global user base amounted to approximately 2,240 million in 2021, projected to reach over 2,854 million users by 2025 with a CAGR of 5%.</p><p>According to the research firm, YouTube’s third-quarter advertising revenue was US$7.2 billion, a year-on-year increase of 43%. Moreover, Netflix’s Q3 revenue was US$7.5 billion, a year-on-year increase of 16%.</p><p>As YouTube continues to grow, Mirabaud Equity Research analyst Camplin said that it will “soon surpass Netflix and become the new king of streaming media.” He added in a report to investors that if YouTube were an independent company, its value would be between US$600 billion and US$700 billion. As a reference, the current market value of Netflix is $160 billion.</p><p>Alphabet also benefits from tailwinds leading to a robust prospective future with excellent financial performance and solid fundamentals. In addition, the pandemic brought digital transformation, which is expected to be further solidified with economic rebound resulting in a higher consumer spending on online retail, consequently, an increase in Digital advertisement.</p><p><b>Metaverse</b></p><p>Google entered the AR space ahead of time with its Google Glass initiative in 2013 but shortly ceased to flourish amid public outrage pertaining to its built-in data collection capabilities. However, the product is still in circulation as the company released an Enterprise Edition in 2019. Since then, the digital world has come a long way, and video recorders are now virtually embedded in all aspects of our lives through our smartphones. With Google Glass, Alphabet has been a pioneer of AR hardware, and a relaunch of the Google Glass will tell an entirely different story.</p><p>After Google&#39;s demo of Project Starline, a hyper-realistic 3D video booth, in 2021, Alphabet is now stepping into the Metaverse through its AR venture, Project Iris. The project is reportedly aiming at a 2024 launch date. In addition, the company acquired North, a pioneer in human-computer interfaces and smart glasses, in 2020 to focus on &#34;ambient computing.&#34; In the recent earnings call, the CEO Sundar Pichai said:</p><p>For a while, we have deeply focused on thinking through computing for the long term. We&#39;ve talked about ambient computing, and it&#39;s just a matter of time before, you know, beyond phones, you&#39;ll see other successful form factors. And AR is an exciting part of that future.</p><p>In a recent interview, the CEO also highlighted:</p><p>It’s always been obvious to me that computing over time will adapt to people than people adapting to computers. You won’t always interact with computing in a black rectangle in front of you. So, just like you speak to people, you see and interact, computers will become more immersive. They’ll be there when you need them to be. So, I have always been excited about the future of immersive computing, ambient computing, AR… The way I think about it is evolving computing in an immersive way with augmented reality.</p><p>Further, the company is developing a dedicated Operating System (OS) for its AR project under the former General Manager for OS in Meta Platforms, Mark Lucovsky. He posted job listings that point heavily towards Google&#39;s re-entry into this market segment. With Metaverse holding a big chunk of the future tech market, Google is uniquely positioned to leverage its powerhouse to grab a slice of that $800 billion market share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171507185","content_text":"Alphabet will issue its quarterly earnings data after the market closes on Tuesday, February 1st.Alphabet is projected to report earnings of $26.85 per share, which would represent year-over-year growth of 20.4%. Meanwhile, the latest consensus estimate is calling for revenue of $59.3 billion, up 27.71% from the prior-year quarter.Here's what to watch in Alphabet's upcoming report.Search, Ad & Cloud Momentum to Aid GrowthAlphabet’s expanding ad services portfolio, robust search engine and improving search results are likely to have benefited the fourth-quarter performance.The company’s continued efforts toward innovation of its search segment, which accounts for the major portion of the total revenues, is expected to have continued driving traffic on its platform in the to-be-reported quarter. The growing momentum across its mobile search is anticipated to have been another positive.The introduction of AI-backed Multitask Unified Models technology is likely to have continued enhancing the search results to the unique queries of users.Continued efforts to bolster the news ecosystem for the company’s Search and Discovery feed, and offering access to quality journalism are expected to have been positives.Technical advancements in Google Assistant and Google Maps are expected to have driven the momentum across search further, which, in turn, is expected to have contributed well to the fourth-quarter performance of Google Services.In addition to this, Google has been gaining traction with the Local Services ads. This is expected to get reflected in its fourth-quarter advertisement revenues. Moreover, solid momentum across retail, media & entertainment, finance, and travel categories is likely to have aided growth in its advertising business.Coming to cloud prospects, Google has been significantly gaining momentum in the highly competitive cloud market on the back of its expanding cloud services portfolio and an increasing number of data centers. The impacts of this are expected to have driven the company’s cloud revenues in the quarter under review.The solid adoption of Google Workspace is likely to have contributed well to the performance of the Google Cloud segment.Android, Meet, Waymo & Google TV Efforts to ConsiderGoogle’s strength across Android, digital payment, autonomous driving and healthcare is anticipated to have aided its fourth-quarter performance.The growing momentum across Android 12 is likely to have benefited the company’s performance in the to-be-reported quarter. New widgets designed for personalizing phones, new dashboards and indicators for privacy management, and more gesture features, which aid in communication and controlling phones, are expected to have continued bolstering the adoption rate of Android 12.In addition to this, Google’s persistent efforts to infuse its video conferencing software, Google Meet, with advanced features are likely to have bolstered its user base in the quarter to be reported. The company made advancements in Google Meet, with the help of which the software will notify users when there will be echo on video calls.Further, growing prospects around Alphabet’s self-driving unit, Waymo, are expected to have been a major tailwind. In the fourth quarter, Waymo expanded its partnership with UPS to initiate autonomous freight movement with Waymo Via Class 8 trucks, which are powered by the fifth-generation Waymo Driver.The impacts of the strengthening momentum across the company’s Early Rider program, which is currently available in San Francisco, CA, and Phoenix, AZ, are expected to get reflected in the upcoming results of the company.Apart from this, the company’s strong Google TV efforts are expected to have driven its momentum in the streaming market in the quarter under review. Google introduced its first Chromecast streaming dongle for Google TV. Further, Mecool has launched its first Google TV streaming stick named Mecool KD3, which supports the over-the-top streaming service of Netflix.Also, Realme introduced Realme 4K Smart Google TV streaming stick in India, which, in turn, is expected to have expanded the reach of Google TV in the country.YouTubeYouTube has become the second most popular social media platform globally, and the platform's global user base amounted to approximately 2,240 million in 2021, projected to reach over 2,854 million users by 2025 with a CAGR of 5%.According to the research firm, YouTube’s third-quarter advertising revenue was US$7.2 billion, a year-on-year increase of 43%. Moreover, Netflix’s Q3 revenue was US$7.5 billion, a year-on-year increase of 16%.As YouTube continues to grow, Mirabaud Equity Research analyst Camplin said that it will “soon surpass Netflix and become the new king of streaming media.” He added in a report to investors that if YouTube were an independent company, its value would be between US$600 billion and US$700 billion. As a reference, the current market value of Netflix is $160 billion.Alphabet also benefits from tailwinds leading to a robust prospective future with excellent financial performance and solid fundamentals. In addition, the pandemic brought digital transformation, which is expected to be further solidified with economic rebound resulting in a higher consumer spending on online retail, consequently, an increase in Digital advertisement.MetaverseGoogle entered the AR space ahead of time with its Google Glass initiative in 2013 but shortly ceased to flourish amid public outrage pertaining to its built-in data collection capabilities. However, the product is still in circulation as the company released an Enterprise Edition in 2019. Since then, the digital world has come a long way, and video recorders are now virtually embedded in all aspects of our lives through our smartphones. With Google Glass, Alphabet has been a pioneer of AR hardware, and a relaunch of the Google Glass will tell an entirely different story.After Google's demo of Project Starline, a hyper-realistic 3D video booth, in 2021, Alphabet is now stepping into the Metaverse through its AR venture, Project Iris. The project is reportedly aiming at a 2024 launch date. In addition, the company acquired North, a pioneer in human-computer interfaces and smart glasses, in 2020 to focus on \"ambient computing.\" In the recent earnings call, the CEO Sundar Pichai said:For a while, we have deeply focused on thinking through computing for the long term. We've talked about ambient computing, and it's just a matter of time before, you know, beyond phones, you'll see other successful form factors. And AR is an exciting part of that future.In a recent interview, the CEO also highlighted:It’s always been obvious to me that computing over time will adapt to people than people adapting to computers. You won’t always interact with computing in a black rectangle in front of you. So, just like you speak to people, you see and interact, computers will become more immersive. They’ll be there when you need them to be. So, I have always been excited about the future of immersive computing, ambient computing, AR… The way I think about it is evolving computing in an immersive way with augmented reality.Further, the company is developing a dedicated Operating System (OS) for its AR project under the former General Manager for OS in Meta Platforms, Mark Lucovsky. He posted job listings that point heavily towards Google's re-entry into this market segment. With Metaverse holding a big chunk of the future tech market, Google is uniquely positioned to leverage its powerhouse to grab a slice of that $800 billion market share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919831064,"gmtCreate":1663768961459,"gmtModify":1676537332726,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919831064","repostId":"1152960933","repostType":4,"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9992310629,"gmtCreate":1661262449463,"gmtModify":1676536484543,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Meta always....","listText":"Meta always....","text":"Meta always....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992310629","repostId":"2261455457","repostType":4,"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023316699,"gmtCreate":1652865296811,"gmtModify":1676535177198,"author":{"id":"3579343697014515","authorId":"3579343697014515","name":"Benjean","avatar":"https://community-static.tradeup.com/news/22d4af8e6b3c8979779451d0782b9069","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3579343697014515","authorIdStr":"3579343697014515"},"themes":[],"htmlText":"Long term accumulate never wrong.","listText":"Long term accumulate never wrong.","text":"Long term accumulate never wrong.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023316699","repostId":"1173624211","repostType":4,"repost":{"id":"1173624211","kind":"news","pubTimestamp":1652864170,"share":"https://ttm.financial/m/news/1173624211?lang=&edition=fundamental","pubTime":"2022-05-18 16:56","market":"us","language":"en","title":"Is Apple Stock Overvalued Or Undervalued? Consensus Estimates Still Look Aggressive","url":"https://stock-news.laohu8.com/highlight/detail?id=1173624211","media":"Seeking Alpha","summary":"SummaryAAPL has been under pressure amid the broader market selloff.The stock is stuck in the grey a","content":"<html><head></head><body><p>Summary</p><ul><li>AAPL has been under pressure amid the broader market selloff.</li><li>The stock is stuck in the grey area between slowing growth while not quite standing out as offering compelling value.</li><li>Near-term growth headwinds and exposure to deteriorating consumer spending trends highlight downside risks for the stock.</li></ul><p>Apple Inc. (NASDAQ:AAPL) hasn&#39;t been immune to the stock market selloff with shares down about 15% from its 2021 high despite solid earnings over the past year. The challenge is the more uncertain forward outlook and concerns about whether the company will be able to maintain its growth momentum.</p><p>Apple&#39;s latest quarterly result beat expectations although there is a sense the operating environment is set to weaken into the second half of the year. The company remains exposed to trends in consumer spending that is being pressured by persistent inflation and rising interest rates. Our take is that even following the selloff, we view the stock as still overvalued with risks tilted to the downside, particularly against the current consensus estimates that appear too optimistic.</p><p><img src=\"https://static.tigerbbs.com/a2c7e9fd594147c1583dc69d31b0e222\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts AAPL Financial Recap</p><p>The company reported fiscal Q2 earnings on April 28th with GAAP EPS of $1.52, up 9% year over year and $0.09 ahead of expectations. Revenue of $97.3 billion climbed 8.6% from the period last year and was also $3.3 billion above consensus.</p><p>This was a record Q2 for the company which continues to benefit from an ongoing shift towards a more services-based model beyond core iPhone and Mac hardware. For context, services which include advertising, AppStore, AppleCare+, cloud, digital content, and payment services now represent 20% of total revenues, up from 19% last year. Nevertheless, with the exception of the &#34;iPad&#34;, all major sales categories saw growth.</p><p><img src=\"https://static.tigerbbs.com/54d04359cb9a4a65ce44d481d126de86\" tg-width=\"640\" tg-height=\"234\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>source: company IR</p><p>The result on the services side has led to a trend higher in margins over the last several years with the company more profitable than ever. The gross margin reached 43.7% compared to 42.5% in Q2 2021. On the other hand, the operating margin this quarter at 30.8% was roughly flat from 30.7% last year. This considers higher spending from Apple across R&amp;D and SG&amp;A as total expenses climbed 19% y/y.</p><p><img src=\"https://static.tigerbbs.com/cde036fcb5da810fa1895b36132929c9\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>It&#39;s worth noting that the company hiked its dividend by 5% to a new quarterly rate of $0.23 per share. The forward yield on the stock is approximately 0.6%. Apple has historically favored share buybacks in its capital allocation and increased its buyback authorization by $90 billion on top of $17.6 billion in the existing program. The annualized dividend and total buyback authorization represent a shareholder yield of 5.3%.</p><p>What Are The Consensus Estimates For Apple?</p><p>One of the headlines from the last earnings report was management&#39;s comments indicating some near-term headwinds leading to softer guidance. From the conference call, Apple cited everything from ongoing supply chain disruptions and the latest Covid surge in China limiting economic activity in the region as clouding the outlook. Separately, the Russia-Ukraine crisis has forced the company to pause all sales in Russia with a direct impact on growth for the rest of the year. All in all, the setup is for a deceleration into Q3 and the rest of 2022.</p><p>What stands out to us when looking at AAPL is that even with the major macro developments over the last few months, the consensus estimates have been relatively resilient. For example, the market forecast for AAPL&#39;s fiscal Q3 revenue at $82.8 billion, representing a 1.7% y/y growth has been lowered by just 3.7% over the last 90 days. This apparently includes a loss of around 1.5% to total sales from business in Russia as noted in the conference call. Based on quarterly estimates through Q4 2023, consensus revenue and EPS are still up for nearly every quarter compared to levels six months ago.</p><p><img src=\"https://static.tigerbbs.com/8e21710b75ad0a5404611608e7361375\" tg-width=\"640\" tg-height=\"436\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Our point is that these estimates may be too aggressive in the current environment making it more likely that Apple underperforms. To be clear, if there was ever a company that deserved the benefit of the doubt, Apple has earned that right with a long history of beating the consensus EPS, including every quarter for the past four years.</p><p>This earnings surprise history may be creating a false sense of security among investors. Examples this year from tech giants like Netflix Inc. (NFLX) to Amazon.com Inc. (AMZN) highlight that no company is safe from a big miss in earnings forever.</p><p><img src=\"https://static.tigerbbs.com/57187a4c261257d193901fd337866f16\" tg-width=\"640\" tg-height=\"1053\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Is Apple Stock Undervalued Or Overvalued?</p><p>Betting against Apple has never worked, but there is a case to be made that this time is different. There are several reasons to believe the broader sales trends are slowing. This week, China reported April retail sales in the country contracted by -11.1% and below expectations amid strict Covid lockdowns. For context, China represented 19% of Apple&#39;s global business in Q2. In the U.S., consumer sentiment has taken a hit with 40-year high inflation squeezing discretionary budgets.</p><p>The bigger concern here is that conditions can still get worse. The U.S. and global GDP growth estimates from groups like the International Monetary Fund and even the Fed have trended lower this year. There is a lot of uncertainty in regards to how deep the slowdown will be. Even in just a soft technical recessionary environment, a loosening labor market and tighter credit conditions accompanied by falling consumer spending will result in weaker sales for Apple.</p><p>The current 2022 revenue consensus approaching $394 billion, if confirmed, will represent an increase of 7.7% over 2021. The market is forecasting EPS to reach $6.15, up 10% compared to last year with an expectation that stronger margins lift earnings. Looking ahead, the market expects revenue growth of around 5% through 2025 with earnings also trending higher. We&#39;re skeptical that Apple can hit these targets.</p><p><img src=\"https://static.tigerbbs.com/4b7c01e383ba43b56cb6141006b2e073\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>In our view, AAPL is overvalued because we see the current growth headwinds extending through next year and leading to weaker than expected sales, margins, and earnings. The stock trading at a forward P/E of 24x appears expensive, particularly in the subdued growth outlook. The 1-year forward P/E closer to 22.5x based on the consensus 2023 EPS is also above the stock&#39;s 5-year average for the metric closer to 20.5x.</p><p><img src=\"https://static.tigerbbs.com/10ef6e0ef86d123c6b9e4dff3c650ee5\" tg-width=\"635\" tg-height=\"371\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>One bullish argument for the multiples expansion in AAPL compared to levels several years ago considers the higher margins with the growing services business as discussed. At the same time, revenue and earnings growth expected in the mid-single-digits for the foreseeable future keeps the company out of a &#34;growth&#34; category. The dividend yield for the stock doesn&#39;t quite stand out as a value pick either. We believe Apple continues to get too much credit for its &#34;blue-chip&#34; status which is reflected in an excess valuation premium that might not stand up in a real recession.</p><p><img src=\"https://static.tigerbbs.com/8ed4fae3a7b0146c65ed888dc6197e7c\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts AAPL Stock Price Forecast</p><p>From a technical perspective and the charts, it&#39;s clear that shares of AAPL have broken down a trend line that was in place since mid-2020. The trading action here mirrors the broader market that has the bears in control. In many ways, the next direction the stock takes is going to be a macro call.</p><p>For investors that are very confident the market is going to stroll over the current proverbial wall of worry, Apple should be able to lead higher as risk sentiment and growth expectations improve. It won&#39;t be easy, but indications that inflation is trending lower and possibly a resolution to the Russia-Ukraine crisis could be enough for stocks to gain momentum.</p><p>With a more cynical view, economic indicators deteriorating through the next several months should lead to earnings estimates getting slashed lower. Anecdotally, there are good reasons for a large segment of customers to put off upgrading to the next iPhone this year. We also see a downside to iMac and wearables sales trends against more difficult comps from pandemic purchases. While services have been a big story, it&#39;s important to remember that the business still revolves around the hardware-based ecosystem. Consumer discretionary is not a segment we&#39;re particularly optimistic on.</p><p><img src=\"https://static.tigerbbs.com/d7ebe6c311dd5c3c44689079ae9e68b5\" tg-width=\"640\" tg-height=\"313\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Is AAPL Stock A Buy, Sell, Or Hold?</p><p>Apple could very well be the greatest company in the world and with a positive long-term outlook which we&#39;re sure will bring many innovations. That said, the near-term outlook through at least the rest of the year looks tough. We rate AAPL as a sell with a price target of $120 for the year ahead.</p><p>Putting some numbers behind our forecast, in a scenario where 2022 EPS ends up about 5% lower than the current consensus estimate, meaning the final annual result is ~$5.84, a 20x forward P/E multiple gets AAPL down to $117. Poorer sentiment towards the stock within the broader market can force a valuation-multiples contraction into a more volatile earnings environment.</p><p>For the upcoming quarters, margin levels and sales trends will be the key monitoring points. China is a big risk to watch considering the deeper geopolitical implications and the importance the country represents to Apple&#39;s global strategy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Apple Stock Overvalued Or Undervalued? Consensus Estimates Still Look Aggressive</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\">\nIs Apple Stock Overvalued Or Undervalued? Consensus Estimates Still Look Aggressive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-18 16:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4512501-apple-stock-overvalued-undervalued><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAAPL has been under pressure amid the broader market selloff.The stock is stuck in the grey area between slowing growth while not quite standing out as offering compelling value.Near-term ...</p>\n\n<a href=\"https://seekingalpha.com/article/4512501-apple-stock-overvalued-undervalued\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4512501-apple-stock-overvalued-undervalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173624211","content_text":"SummaryAAPL has been under pressure amid the broader market selloff.The stock is stuck in the grey area between slowing growth while not quite standing out as offering compelling value.Near-term growth headwinds and exposure to deteriorating consumer spending trends highlight downside risks for the stock.Apple Inc. (NASDAQ:AAPL) hasn't been immune to the stock market selloff with shares down about 15% from its 2021 high despite solid earnings over the past year. The challenge is the more uncertain forward outlook and concerns about whether the company will be able to maintain its growth momentum.Apple's latest quarterly result beat expectations although there is a sense the operating environment is set to weaken into the second half of the year. The company remains exposed to trends in consumer spending that is being pressured by persistent inflation and rising interest rates. Our take is that even following the selloff, we view the stock as still overvalued with risks tilted to the downside, particularly against the current consensus estimates that appear too optimistic.Data by YCharts AAPL Financial RecapThe company reported fiscal Q2 earnings on April 28th with GAAP EPS of $1.52, up 9% year over year and $0.09 ahead of expectations. Revenue of $97.3 billion climbed 8.6% from the period last year and was also $3.3 billion above consensus.This was a record Q2 for the company which continues to benefit from an ongoing shift towards a more services-based model beyond core iPhone and Mac hardware. For context, services which include advertising, AppStore, AppleCare+, cloud, digital content, and payment services now represent 20% of total revenues, up from 19% last year. Nevertheless, with the exception of the \"iPad\", all major sales categories saw growth.source: company IRThe result on the services side has led to a trend higher in margins over the last several years with the company more profitable than ever. The gross margin reached 43.7% compared to 42.5% in Q2 2021. On the other hand, the operating margin this quarter at 30.8% was roughly flat from 30.7% last year. This considers higher spending from Apple across R&D and SG&A as total expenses climbed 19% y/y.Data by YChartsIt's worth noting that the company hiked its dividend by 5% to a new quarterly rate of $0.23 per share. The forward yield on the stock is approximately 0.6%. Apple has historically favored share buybacks in its capital allocation and increased its buyback authorization by $90 billion on top of $17.6 billion in the existing program. The annualized dividend and total buyback authorization represent a shareholder yield of 5.3%.What Are The Consensus Estimates For Apple?One of the headlines from the last earnings report was management's comments indicating some near-term headwinds leading to softer guidance. From the conference call, Apple cited everything from ongoing supply chain disruptions and the latest Covid surge in China limiting economic activity in the region as clouding the outlook. Separately, the Russia-Ukraine crisis has forced the company to pause all sales in Russia with a direct impact on growth for the rest of the year. All in all, the setup is for a deceleration into Q3 and the rest of 2022.What stands out to us when looking at AAPL is that even with the major macro developments over the last few months, the consensus estimates have been relatively resilient. For example, the market forecast for AAPL's fiscal Q3 revenue at $82.8 billion, representing a 1.7% y/y growth has been lowered by just 3.7% over the last 90 days. This apparently includes a loss of around 1.5% to total sales from business in Russia as noted in the conference call. Based on quarterly estimates through Q4 2023, consensus revenue and EPS are still up for nearly every quarter compared to levels six months ago.Seeking AlphaOur point is that these estimates may be too aggressive in the current environment making it more likely that Apple underperforms. To be clear, if there was ever a company that deserved the benefit of the doubt, Apple has earned that right with a long history of beating the consensus EPS, including every quarter for the past four years.This earnings surprise history may be creating a false sense of security among investors. Examples this year from tech giants like Netflix Inc. (NFLX) to Amazon.com Inc. (AMZN) highlight that no company is safe from a big miss in earnings forever.Seeking AlphaIs Apple Stock Undervalued Or Overvalued?Betting against Apple has never worked, but there is a case to be made that this time is different. There are several reasons to believe the broader sales trends are slowing. This week, China reported April retail sales in the country contracted by -11.1% and below expectations amid strict Covid lockdowns. For context, China represented 19% of Apple's global business in Q2. In the U.S., consumer sentiment has taken a hit with 40-year high inflation squeezing discretionary budgets.The bigger concern here is that conditions can still get worse. The U.S. and global GDP growth estimates from groups like the International Monetary Fund and even the Fed have trended lower this year. There is a lot of uncertainty in regards to how deep the slowdown will be. Even in just a soft technical recessionary environment, a loosening labor market and tighter credit conditions accompanied by falling consumer spending will result in weaker sales for Apple.The current 2022 revenue consensus approaching $394 billion, if confirmed, will represent an increase of 7.7% over 2021. The market is forecasting EPS to reach $6.15, up 10% compared to last year with an expectation that stronger margins lift earnings. Looking ahead, the market expects revenue growth of around 5% through 2025 with earnings also trending higher. We're skeptical that Apple can hit these targets.Seeking AlphaIn our view, AAPL is overvalued because we see the current growth headwinds extending through next year and leading to weaker than expected sales, margins, and earnings. The stock trading at a forward P/E of 24x appears expensive, particularly in the subdued growth outlook. The 1-year forward P/E closer to 22.5x based on the consensus 2023 EPS is also above the stock's 5-year average for the metric closer to 20.5x.Data by YChartsOne bullish argument for the multiples expansion in AAPL compared to levels several years ago considers the higher margins with the growing services business as discussed. At the same time, revenue and earnings growth expected in the mid-single-digits for the foreseeable future keeps the company out of a \"growth\" category. The dividend yield for the stock doesn't quite stand out as a value pick either. We believe Apple continues to get too much credit for its \"blue-chip\" status which is reflected in an excess valuation premium that might not stand up in a real recession.Data by YCharts AAPL Stock Price ForecastFrom a technical perspective and the charts, it's clear that shares of AAPL have broken down a trend line that was in place since mid-2020. The trading action here mirrors the broader market that has the bears in control. In many ways, the next direction the stock takes is going to be a macro call.For investors that are very confident the market is going to stroll over the current proverbial wall of worry, Apple should be able to lead higher as risk sentiment and growth expectations improve. It won't be easy, but indications that inflation is trending lower and possibly a resolution to the Russia-Ukraine crisis could be enough for stocks to gain momentum.With a more cynical view, economic indicators deteriorating through the next several months should lead to earnings estimates getting slashed lower. Anecdotally, there are good reasons for a large segment of customers to put off upgrading to the next iPhone this year. We also see a downside to iMac and wearables sales trends against more difficult comps from pandemic purchases. While services have been a big story, it's important to remember that the business still revolves around the hardware-based ecosystem. Consumer discretionary is not a segment we're particularly optimistic on.Seeking AlphaIs AAPL Stock A Buy, Sell, Or Hold?Apple could very well be the greatest company in the world and with a positive long-term outlook which we're sure will bring many innovations. That said, the near-term outlook through at least the rest of the year looks tough. We rate AAPL as a sell with a price target of $120 for the year ahead.Putting some numbers behind our forecast, in a scenario where 2022 EPS ends up about 5% lower than the current consensus estimate, meaning the final annual result is ~$5.84, a 20x forward P/E multiple gets AAPL down to $117. Poorer sentiment towards the stock within the broader market can force a valuation-multiples contraction into a more volatile earnings environment.For the upcoming quarters, margin levels and sales trends will be the key monitoring points. China is a big risk to watch considering the deeper geopolitical implications and the importance the country represents to Apple's global strategy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}