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2021-03-24

Green day?

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2021-04-30

$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$holding long term

2021-03-26

Swee. Time for TIGR to Fly!

UP Fintech Holding Limited Posts 136% Revenue Growth in 2020

2021-03-24

Interesting

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Time for TIGR to Fly!","listText":"Swee. Time for TIGR to Fly!","text":"Swee. Time for TIGR to Fly!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356047510","repostId":"1188307475","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351614945,"gmtCreate":1616593475087,"gmtModify":1704796111341,"author":{"id":"3579463678767674","authorId":"3579463678767674","name":"Dteo","avatar":"https://static.tigerbbs.com/43de7ebc5406679870898d1f8127345c","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579463678767674","authorIdStr":"3579463678767674"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351614945","repostId":"1166910900","repostType":4,"repost":{"id":"1166910900","kind":"news","pubTimestamp":1616593240,"share":"https://ttm.financial/m/news/1166910900?lang=&edition=fundamental","pubTime":"2021-03-24 21:40","market":"us","language":"en","title":"Fed up with FAANG and meme stocks? Here's a new investing strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1166910900","media":"CNN Business","summary":"New York (CNN Business) - Stop us if you've heard this before. Giant tech stocks are finally due for","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>Stop us if you've heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start&nbsp;adding more value stocks, such as banks, oil firms and retailers, to their portfolios as&nbsp;the economy recovers.</p>\n<p>The so-called FAANGs have been market leaders for several years running. But the&nbsp;stunning surge for tech&nbsp;could be coming to an end.</p>\n<p>\"That's the big question of the moment for investors. Is this it for FAANG?\" said Donny Kranson, a portfolio manager for the Vontobel Quality Growth fund.</p>\n<p>The&nbsp;Nasdaq&nbsp;is up about 3% so far in 2021. That's a respectable gain, to be sure. But it hasn't been a smooth move higher. It's been choppy, and the Nasdaq's increase is lagging that of the&nbsp;Dow&nbsp;and&nbsp;S&amp;P 500&nbsp;this year.</p>\n<p><b>Value investing making a comeback</b></p>\n<p>Within the S&amp;P 500, value stocks are beating growth stocks by a wide margin. TheiShares S&amp;P 500 Value&nbsp;(IVE)&nbsp;ETF is up 8% compared to just a 1% gain for theiShares S&amp;P Growth&nbsp;(IVW)&nbsp;ETF.</p>\n<p>\"We have seen strong value performance year to date. People are starting to take notice,\" said Joel Schneider, deputy head of portfolio management at Dimensional Fund Advisors.</p>\n<p>What's more, the performance of the top techs that dominate the S&amp;P 500 has been mixed. Shares of&nbsp;Amazon&nbsp;(AMZN),Apple&nbsp;(AAPL),Netflix&nbsp;(NFLX)&nbsp;and&nbsp;Tesla&nbsp;(TSLA)&nbsp;are all down n 2021 while&nbsp;Facebook&nbsp;(FB), Google owner&nbsp;Alphabe&nbsp;t(GOOGL)&nbsp;and&nbsp;Microsoft&nbsp;(MSFT)&nbsp;are in positive territory.</p>\n<p>Several top investment experts think that the volatility for tech will continue. Jeff Gundlach's DoubleLine just put out a new paper declaring that value investing is not dead.</p>\n<p>\"Given the protracted, more-than-decadelong run of growth relative to value, it is logical to consider a reallocation of some of that capital away from growth and into value,\" said Emidio Checcone and Brian Ear, portfolio managers of the DoubleLine Equity Value Strategy fund, in the report.</p>\n<p>Another top money manager is betting that more market pain could be in the cards. Cambria, the firm run my Meb Faber, just announced that it is converting what was a global sovereign bond ETF to a fund that will bet against international stock markets. The ticker:FAIL.</p>\n<p>This fund will complement a similar US-based ETF called&nbsp;TAIL&nbsp;that bets against the S&amp;P 500. It's an interesting strategy given that some investors are growing concerned about the future performance of the tech stocks that dominate the S&amp;P 500.</p>\n<p><b>Stay away from the fad stocks</b></p>\n<p>There are also increased worries about the meme-ification of the stock market. Reddit-loving investors, armed with stimulus money and easy, inexpensive access to trading thanks to brokerages like&nbsp;Robinhood, have been bidding up speculative companies like&nbsp;GameStop&nbsp;(GME)&nbsp;and&nbsp;AMC&nbsp;(AMC).</p>\n<p>\"This new phenomenon of 'stocks as entertainment' has the potential to end in disaster for brokerage account values when momentum reverses and share prices decline,\" said Justin Tugman, portfolio manager at Janus Henderson, in a report.</p>\n<p>\"We have seen this behavior before during the tech wreck of 2000. While investor euphoria can last far longer than seems sane, eventually valuation does matter,\" he added.</p>\n<p>The big worry is that investors are not learning from the mistakes of previous market manias.</p>\n<p>\"Many of these companies are not making any money. Once rates start to rise, these companies are even more at risk. Be wary,\" said Andrew Slimmon, a managing director at Morgan Stanley Investment Management, in a report.</p>\n<p>Slimmon added that many companies with rapidly growing sales but no profits \"are trading at bubble territory levels.\"</p>\n<p><b>Banks, energy and retail looking attractive</b></p>\n<p>So which stocks are the best bets right now?</p>\n<p>Banks, consumer stocks and other economically sensitive companies should benefit if long-term bond rates keep rising and the job market picks up steam.</p>\n<p>\"We are seeing a move toward cyclicals in general as yields and inflation expectations push higher,\" said Fiona Cincotta, senior financial market analyst at City Index, in an interview with CNN Business.</p>\n<p>\"It may not be a straight line up. These rallies rarely are. But as we move forward, the data still shows signs of improvement,\" she added.</p>\n<p>Investors seem to recognize that the FAANGs are not the only companies that hunkered down during the pandemic and found ways to continue thriving.</p>\n<p>\"Tech companies were rewarded for being nimble during Covid. But the market is now rewarding more companies that adapted. The rally is broadening out,\" said Stephen Lee, founding principal at Logan Capital Management, in an interview with CNN Business.</p>\n<p>Lee said that retailers likeWilliams-Sonoma(WSM)should benefit from stronger consumer demand and a resilient housing market. And as people begin to travel more, energy, airlines and other value sectors should continue to rebound too.</p>\n<p>Janus Henderson's Tugman noted that the \"post-pandemic reopening of the economy\" and rising inflation expectations also bode well for energy, chemical and steel companies, which he argues will be able to pass on the costs of higher commodity prices to their customers.</p>\n<p>That said, investors shouldn't ignore tech or other growth stocks entirely. They may just need to ratchet down their exposure to riskier companies and also be sure to look for quality companies.</p>\n<p>\"Some stocks have been growing just on hope. The rise of individual investors not buying stocks for their earnings is worrisome,\" said Vontobel's Kranson. \"You have to pay for the quality of the business.\"</p>\n<p>In other words, momentum shouldn't be confused with success.</p>\n<p>\"The better a stock does, the more investors tend to believe its future prospects must be good. But that's not always the case,\" Kranson said.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed up with FAANG and meme stocks? Here's a new investing strategy</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\">\nFed up with FAANG and meme stocks? Here's a new investing strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/03/24/investing/stocks-value-growth/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) - Stop us if you've heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start adding more value stocks, such as banks,...</p>\n\n<a href=\"https://edition.cnn.com/2021/03/24/investing/stocks-value-growth/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://edition.cnn.com/2021/03/24/investing/stocks-value-growth/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166910900","content_text":"New York (CNN Business) - Stop us if you've heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start adding more value stocks, such as banks, oil firms and retailers, to their portfolios as the economy recovers.\nThe so-called FAANGs have been market leaders for several years running. But the stunning surge for tech could be coming to an end.\n\"That's the big question of the moment for investors. Is this it for FAANG?\" said Donny Kranson, a portfolio manager for the Vontobel Quality Growth fund.\nThe Nasdaq is up about 3% so far in 2021. That's a respectable gain, to be sure. But it hasn't been a smooth move higher. It's been choppy, and the Nasdaq's increase is lagging that of the Dow and S&P 500 this year.\nValue investing making a comeback\nWithin the S&P 500, value stocks are beating growth stocks by a wide margin. TheiShares S&P 500 Value (IVE) ETF is up 8% compared to just a 1% gain for theiShares S&P Growth (IVW) ETF.\n\"We have seen strong value performance year to date. People are starting to take notice,\" said Joel Schneider, deputy head of portfolio management at Dimensional Fund Advisors.\nWhat's more, the performance of the top techs that dominate the S&P 500 has been mixed. Shares of Amazon (AMZN),Apple (AAPL),Netflix (NFLX) and Tesla (TSLA) are all down n 2021 while Facebook (FB), Google owner Alphabe t(GOOGL) and Microsoft (MSFT) are in positive territory.\nSeveral top investment experts think that the volatility for tech will continue. Jeff Gundlach's DoubleLine just put out a new paper declaring that value investing is not dead.\n\"Given the protracted, more-than-decadelong run of growth relative to value, it is logical to consider a reallocation of some of that capital away from growth and into value,\" said Emidio Checcone and Brian Ear, portfolio managers of the DoubleLine Equity Value Strategy fund, in the report.\nAnother top money manager is betting that more market pain could be in the cards. Cambria, the firm run my Meb Faber, just announced that it is converting what was a global sovereign bond ETF to a fund that will bet against international stock markets. The ticker:FAIL.\nThis fund will complement a similar US-based ETF called TAIL that bets against the S&P 500. It's an interesting strategy given that some investors are growing concerned about the future performance of the tech stocks that dominate the S&P 500.\nStay away from the fad stocks\nThere are also increased worries about the meme-ification of the stock market. Reddit-loving investors, armed with stimulus money and easy, inexpensive access to trading thanks to brokerages like Robinhood, have been bidding up speculative companies like GameStop (GME) and AMC (AMC).\n\"This new phenomenon of 'stocks as entertainment' has the potential to end in disaster for brokerage account values when momentum reverses and share prices decline,\" said Justin Tugman, portfolio manager at Janus Henderson, in a report.\n\"We have seen this behavior before during the tech wreck of 2000. While investor euphoria can last far longer than seems sane, eventually valuation does matter,\" he added.\nThe big worry is that investors are not learning from the mistakes of previous market manias.\n\"Many of these companies are not making any money. Once rates start to rise, these companies are even more at risk. Be wary,\" said Andrew Slimmon, a managing director at Morgan Stanley Investment Management, in a report.\nSlimmon added that many companies with rapidly growing sales but no profits \"are trading at bubble territory levels.\"\nBanks, energy and retail looking attractive\nSo which stocks are the best bets right now?\nBanks, consumer stocks and other economically sensitive companies should benefit if long-term bond rates keep rising and the job market picks up steam.\n\"We are seeing a move toward cyclicals in general as yields and inflation expectations push higher,\" said Fiona Cincotta, senior financial market analyst at City Index, in an interview with CNN Business.\n\"It may not be a straight line up. These rallies rarely are. But as we move forward, the data still shows signs of improvement,\" she added.\nInvestors seem to recognize that the FAANGs are not the only companies that hunkered down during the pandemic and found ways to continue thriving.\n\"Tech companies were rewarded for being nimble during Covid. But the market is now rewarding more companies that adapted. The rally is broadening out,\" said Stephen Lee, founding principal at Logan Capital Management, in an interview with CNN Business.\nLee said that retailers likeWilliams-Sonoma(WSM)should benefit from stronger consumer demand and a resilient housing market. And as people begin to travel more, energy, airlines and other value sectors should continue to rebound too.\nJanus Henderson's Tugman noted that the \"post-pandemic reopening of the economy\" and rising inflation expectations also bode well for energy, chemical and steel companies, which he argues will be able to pass on the costs of higher commodity prices to their customers.\nThat said, investors shouldn't ignore tech or other growth stocks entirely. They may just need to ratchet down their exposure to riskier companies and also be sure to look for quality companies.\n\"Some stocks have been growing just on hope. The rise of individual investors not buying stocks for their earnings is worrisome,\" said Vontobel's Kranson. \"You have to pay for the quality of the business.\"\nIn other words, momentum shouldn't be confused with success.\n\"The better a stock does, the more investors tend to believe its future prospects must be good. But that's not always the case,\" Kranson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351613762,"gmtCreate":1616593291256,"gmtModify":1704796104861,"author":{"id":"3579463678767674","authorId":"3579463678767674","name":"Dteo","avatar":"https://static.tigerbbs.com/43de7ebc5406679870898d1f8127345c","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579463678767674","authorIdStr":"3579463678767674"},"themes":[],"htmlText":"Green day?","listText":"Green day?","text":"Green day?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351613762","repostId":"1155297077","repostType":4,"repost":{"id":"1155297077","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":1616592677,"share":"https://ttm.financial/m/news/1155297077?lang=&edition=fundamental","pubTime":"2021-03-24 21:31","market":"us","language":"en","title":"Stocks rebound with Dow rising 100 points, Intel shares pop","url":"https://stock-news.laohu8.com/highlight/detail?id=1155297077","media":"Tiger Newspress","summary":"U.S. stocks rebounded on Wednesday as investors once again made bets on a strong economic recovery f","content":"<p>U.S. stocks rebounded on Wednesday as investors once again made bets on a strong economic recovery from the pandemic.</p><p>The Dow Jones Industrial Average gained 94 points, or 0.4%. The S&amp;P 500 added 0.4%, while the tech-heavy Nasdaq Composite advanced 0.5%.</p><p><img src=\"https://static.tigerbbs.com/d7dea3f7c9861b8005fc12e260dddcf6\" tg-width=\"1039\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p>Shares of Intel led premarket gains, up nearly 5% after the chip giant unveiled plans for a comeback, saying&nbsp;it was opening two new factories to manufacture its own chips and ones for other companies.</p><p>Cruise lines and airlines also recovered some of the losses in the previous session. Shares of American Airlines and United Airlines were higher by more than 3%. Carnival popped 5%, while Norwegian Cruise Line and Royal Caribbean gained 3% each. Energy stocks also rebounded as oil prices bounced.</p><p>The market suffered a broad sell-off on Tuesday amid concern about rising new coronavirus infections in the U.S. and abroad.</p><p>Tom Lee of Fundstrat Global Advisors said that his clients have been worried about rising Covid cases in Europe, but he believes the sell-off Tuesday was more about end-of-quarter portfolio rebalancing and superstitious investors taking profits one-year after the market's lows. He's still betting on stocks that will benefit most from an economic rebound, comparing today to past post-war periods.</p><p>\"Post war, cyclical companies become the new growth stocks,\"Lee told CNBC. \"That's what happens. It happened in Iraq and the Middle East. It happened in Japan. It happened in Korea after the Korean War. It happened in the U.S. after World War II and the Korean War. This is a post-war environment.\"</p><p>Many regions of the world are indeed seeing rising Covid-19 cases as highly contagious variants continue to spread, the&nbsp;World Health Organization said.Germany and France are extending or enforcing new lockdown measures.</p><p>But the pace of vaccinations in the U.S. is picking up with nearly one in five adults now fully vaccinated.</p><p>On Wednesday, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen will continue their testimony to the U.S. House Committee on Financial Services. In the first joint appearance Tuesday, the pair acknowledged the richly valued asset prices in the markets, but said that they are not concerned about financial stability.</p><p>“I’d say that while asset valuations are elevated by historical metrics, there’s also belief that with vaccinations proceeding at a rapid pace, that the economy will be able to get back on track,” Yellen said during the testimony. “I think that in an environment where asset prices are high, that what’s important is for regulators to make sure that the financial sector is resilient and to make sure that markets work well.”</p><p>Powell said that the economic recovery from the pandemic had “progressed more quickly than generally expected and looks to be strengthening.”</p><p>However, he said that the sectors of the economy hardest-hit by the pandemic “remain weak” and the unemployment rate “underestimates the shortfall,” so the recovery still had a long way to go.</p><p>Treasury yields dipped on Tuesday and continued to fall slightly on Wednesday.</p><p>General Mills,Tencent,KB Homes&nbsp;and&nbsp;RH&nbsp;are among the companies reporting earnings on Wednesday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks rebound with Dow rising 100 points, Intel shares pop</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\">\nStocks rebound with Dow rising 100 points, Intel shares pop\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-24 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks rebounded on Wednesday as investors once again made bets on a strong economic recovery from the pandemic.</p><p>The Dow Jones Industrial Average gained 94 points, or 0.4%. The S&amp;P 500 added 0.4%, while the tech-heavy Nasdaq Composite advanced 0.5%.</p><p><img src=\"https://static.tigerbbs.com/d7dea3f7c9861b8005fc12e260dddcf6\" tg-width=\"1039\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p>Shares of Intel led premarket gains, up nearly 5% after the chip giant unveiled plans for a comeback, saying&nbsp;it was opening two new factories to manufacture its own chips and ones for other companies.</p><p>Cruise lines and airlines also recovered some of the losses in the previous session. Shares of American Airlines and United Airlines were higher by more than 3%. Carnival popped 5%, while Norwegian Cruise Line and Royal Caribbean gained 3% each. Energy stocks also rebounded as oil prices bounced.</p><p>The market suffered a broad sell-off on Tuesday amid concern about rising new coronavirus infections in the U.S. and abroad.</p><p>Tom Lee of Fundstrat Global Advisors said that his clients have been worried about rising Covid cases in Europe, but he believes the sell-off Tuesday was more about end-of-quarter portfolio rebalancing and superstitious investors taking profits one-year after the market's lows. He's still betting on stocks that will benefit most from an economic rebound, comparing today to past post-war periods.</p><p>\"Post war, cyclical companies become the new growth stocks,\"Lee told CNBC. \"That's what happens. It happened in Iraq and the Middle East. It happened in Japan. It happened in Korea after the Korean War. It happened in the U.S. after World War II and the Korean War. This is a post-war environment.\"</p><p>Many regions of the world are indeed seeing rising Covid-19 cases as highly contagious variants continue to spread, the&nbsp;World Health Organization said.Germany and France are extending or enforcing new lockdown measures.</p><p>But the pace of vaccinations in the U.S. is picking up with nearly one in five adults now fully vaccinated.</p><p>On Wednesday, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen will continue their testimony to the U.S. House Committee on Financial Services. In the first joint appearance Tuesday, the pair acknowledged the richly valued asset prices in the markets, but said that they are not concerned about financial stability.</p><p>“I’d say that while asset valuations are elevated by historical metrics, there’s also belief that with vaccinations proceeding at a rapid pace, that the economy will be able to get back on track,” Yellen said during the testimony. “I think that in an environment where asset prices are high, that what’s important is for regulators to make sure that the financial sector is resilient and to make sure that markets work well.”</p><p>Powell said that the economic recovery from the pandemic had “progressed more quickly than generally expected and looks to be strengthening.”</p><p>However, he said that the sectors of the economy hardest-hit by the pandemic “remain weak” and the unemployment rate “underestimates the shortfall,” so the recovery still had a long way to go.</p><p>Treasury yields dipped on Tuesday and continued to fall slightly on Wednesday.</p><p>General Mills,Tencent,KB Homes&nbsp;and&nbsp;RH&nbsp;are among the companies reporting earnings on Wednesday.</p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155297077","content_text":"U.S. stocks rebounded on Wednesday as investors once again made bets on a strong economic recovery from the pandemic.The Dow Jones Industrial Average gained 94 points, or 0.4%. The S&P 500 added 0.4%, while the tech-heavy Nasdaq Composite advanced 0.5%.Shares of Intel led premarket gains, up nearly 5% after the chip giant unveiled plans for a comeback, saying it was opening two new factories to manufacture its own chips and ones for other companies.Cruise lines and airlines also recovered some of the losses in the previous session. Shares of American Airlines and United Airlines were higher by more than 3%. Carnival popped 5%, while Norwegian Cruise Line and Royal Caribbean gained 3% each. Energy stocks also rebounded as oil prices bounced.The market suffered a broad sell-off on Tuesday amid concern about rising new coronavirus infections in the U.S. and abroad.Tom Lee of Fundstrat Global Advisors said that his clients have been worried about rising Covid cases in Europe, but he believes the sell-off Tuesday was more about end-of-quarter portfolio rebalancing and superstitious investors taking profits one-year after the market's lows. He's still betting on stocks that will benefit most from an economic rebound, comparing today to past post-war periods.\"Post war, cyclical companies become the new growth stocks,\"Lee told CNBC. \"That's what happens. It happened in Iraq and the Middle East. It happened in Japan. It happened in Korea after the Korean War. It happened in the U.S. after World War II and the Korean War. This is a post-war environment.\"Many regions of the world are indeed seeing rising Covid-19 cases as highly contagious variants continue to spread, the World Health Organization said.Germany and France are extending or enforcing new lockdown measures.But the pace of vaccinations in the U.S. is picking up with nearly one in five adults now fully vaccinated.On Wednesday, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen will continue their testimony to the U.S. House Committee on Financial Services. In the first joint appearance Tuesday, the pair acknowledged the richly valued asset prices in the markets, but said that they are not concerned about financial stability.“I’d say that while asset valuations are elevated by historical metrics, there’s also belief that with vaccinations proceeding at a rapid pace, that the economy will be able to get back on track,” Yellen said during the testimony. “I think that in an environment where asset prices are high, that what’s important is for regulators to make sure that the financial sector is resilient and to make sure that markets work well.”Powell said that the economic recovery from the pandemic had “progressed more quickly than generally expected and looks to be strengthening.”However, he said that the sectors of the economy hardest-hit by the pandemic “remain weak” and the unemployment rate “underestimates the shortfall,” so the recovery still had a long way to go.Treasury yields dipped on Tuesday and continued to fall slightly on Wednesday.General Mills,Tencent,KB Homes and RH are among the companies reporting earnings on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":351613762,"gmtCreate":1616593291256,"gmtModify":1704796104861,"author":{"id":"3579463678767674","authorId":"3579463678767674","name":"Dteo","avatar":"https://static.tigerbbs.com/43de7ebc5406679870898d1f8127345c","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579463678767674","authorIdStr":"3579463678767674"},"themes":[],"htmlText":"Green day?","listText":"Green day?","text":"Green day?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351613762","repostId":"1155297077","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103153328,"gmtCreate":1619758590364,"gmtModify":1704271971721,"author":{"id":"3579463678767674","authorId":"3579463678767674","name":"Dteo","avatar":"https://static.tigerbbs.com/43de7ebc5406679870898d1f8127345c","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579463678767674","authorIdStr":"3579463678767674"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>holding long term","listText":"<a href=\"https://laohu8.com/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>holding long term","text":"$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$holding long term","images":[{"img":"https://static.tigerbbs.com/e35f0fb689d71292e02e23dc3678a305","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103153328","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":356047510,"gmtCreate":1616746493430,"gmtModify":1704798212777,"author":{"id":"3579463678767674","authorId":"3579463678767674","name":"Dteo","avatar":"https://static.tigerbbs.com/43de7ebc5406679870898d1f8127345c","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579463678767674","authorIdStr":"3579463678767674"},"themes":[],"htmlText":"Swee. Time for TIGR to Fly!","listText":"Swee. Time for TIGR to Fly!","text":"Swee. Time for TIGR to Fly!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356047510","repostId":"1188307475","repostType":4,"repost":{"id":"1188307475","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":1616745710,"share":"https://ttm.financial/m/news/1188307475?lang=&edition=fundamental","pubTime":"2021-03-26 16:01","market":"us","language":"en","title":"UP Fintech Holding Limited Posts 136% Revenue Growth in 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=1188307475","media":"Tiger Newspress","summary":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all ","content":"<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, posted its first full-year profit and laid out plans for further international expansion over the coming years after gaining popularity in Singapore.</p><p>Fourth quarter revenue rose 136.5% to US$47.2 million, compared with revenue of US$20.0 million in same quarter of 2019. UP Fintech generated US$10.3 million in Non-GAAP net income in the fourth quarter, approximately 29 times higher than the US$0.3 million the company reported in the same quarter of last year. For the full year, the company reported revenues of US$138.5 million, US$77.6 million of which was commission revenue. Commission revenue was bolstered by an increase in the firm’s user base and trading activity. Non-GAAP Net income for the year came in at US$22.3 million, compared with a loss of US$1.8 million in 2019.</p><p>Total account balance increased by US$5 billion in the fourth quarter and reached US$16.0 billion, an increase of 215.9% since the end of 2019. The firm added 44,000 funded accounts in the fourth quarter, 3.9 times the number of new funded accounts in the same quarter of last year; the total number of funded accounts more than doubled in 2020.</p><p>“We again recorded significant increases in client accounts and assets, supported by strong demand for online financial services and increased trading activities in the equity market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “With a diverse set of licenses, our internationalization strategy continues to progress nicely and is now a new driver for our growth. During the quarter we participated in eight IPOs, of which we underwrote three. For the full year we participated in 26 U.S. IPOs of Chinese-based companies and served as an underwriter in 14 of them. Our leadership position in underwriting for Chinese ADR issuers in the U.S. continued to yield significant benefits as it led to more IPO subscriptions being available to our retail clients. We also added 35 ESOP clients in the fourth quarter for a cumulative total of 124 clients. Despite having only started our ESOP business two years ago, we have been able to gain substantial market share due to the enhanced user experience of our system.”</p><p>The company’s flagship trading app, Tiger Trade, has formed a closed-loop platform for trading, social networking, and financial media. By adding more investment tools and products such as grey market for Hong Kong IPOs, the firm continues to boost its brand recognition and retail client stickiness.</p><p>“We are enthusiastic about the year ahead as we will continue to leverage our technological capabilities to build an integrated trading platform for global clients with a comprehensive product offering,” Wu added.</p><p></p><p><img src=\"https://static.tigerbbs.com/62567c7cd9272fd787fb3a1a7bf00ebb\" tg-width=\"620\" tg-height=\"14596\">Safe Harbor Statement</p><p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech Holding Limited Posts 136% Revenue Growth in 2020</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\">\nUP Fintech Holding Limited Posts 136% Revenue Growth in 2020\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-26 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, posted its first full-year profit and laid out plans for further international expansion over the coming years after gaining popularity in Singapore.</p><p>Fourth quarter revenue rose 136.5% to US$47.2 million, compared with revenue of US$20.0 million in same quarter of 2019. UP Fintech generated US$10.3 million in Non-GAAP net income in the fourth quarter, approximately 29 times higher than the US$0.3 million the company reported in the same quarter of last year. For the full year, the company reported revenues of US$138.5 million, US$77.6 million of which was commission revenue. Commission revenue was bolstered by an increase in the firm’s user base and trading activity. Non-GAAP Net income for the year came in at US$22.3 million, compared with a loss of US$1.8 million in 2019.</p><p>Total account balance increased by US$5 billion in the fourth quarter and reached US$16.0 billion, an increase of 215.9% since the end of 2019. The firm added 44,000 funded accounts in the fourth quarter, 3.9 times the number of new funded accounts in the same quarter of last year; the total number of funded accounts more than doubled in 2020.</p><p>“We again recorded significant increases in client accounts and assets, supported by strong demand for online financial services and increased trading activities in the equity market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “With a diverse set of licenses, our internationalization strategy continues to progress nicely and is now a new driver for our growth. During the quarter we participated in eight IPOs, of which we underwrote three. For the full year we participated in 26 U.S. IPOs of Chinese-based companies and served as an underwriter in 14 of them. Our leadership position in underwriting for Chinese ADR issuers in the U.S. continued to yield significant benefits as it led to more IPO subscriptions being available to our retail clients. We also added 35 ESOP clients in the fourth quarter for a cumulative total of 124 clients. Despite having only started our ESOP business two years ago, we have been able to gain substantial market share due to the enhanced user experience of our system.”</p><p>The company’s flagship trading app, Tiger Trade, has formed a closed-loop platform for trading, social networking, and financial media. By adding more investment tools and products such as grey market for Hong Kong IPOs, the firm continues to boost its brand recognition and retail client stickiness.</p><p>“We are enthusiastic about the year ahead as we will continue to leverage our technological capabilities to build an integrated trading platform for global clients with a comprehensive product offering,” Wu added.</p><p></p><p><img src=\"https://static.tigerbbs.com/62567c7cd9272fd787fb3a1a7bf00ebb\" tg-width=\"620\" tg-height=\"14596\">Safe Harbor Statement</p><p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188307475","content_text":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, posted its first full-year profit and laid out plans for further international expansion over the coming years after gaining popularity in Singapore.Fourth quarter revenue rose 136.5% to US$47.2 million, compared with revenue of US$20.0 million in same quarter of 2019. UP Fintech generated US$10.3 million in Non-GAAP net income in the fourth quarter, approximately 29 times higher than the US$0.3 million the company reported in the same quarter of last year. For the full year, the company reported revenues of US$138.5 million, US$77.6 million of which was commission revenue. Commission revenue was bolstered by an increase in the firm’s user base and trading activity. Non-GAAP Net income for the year came in at US$22.3 million, compared with a loss of US$1.8 million in 2019.Total account balance increased by US$5 billion in the fourth quarter and reached US$16.0 billion, an increase of 215.9% since the end of 2019. The firm added 44,000 funded accounts in the fourth quarter, 3.9 times the number of new funded accounts in the same quarter of last year; the total number of funded accounts more than doubled in 2020.“We again recorded significant increases in client accounts and assets, supported by strong demand for online financial services and increased trading activities in the equity market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “With a diverse set of licenses, our internationalization strategy continues to progress nicely and is now a new driver for our growth. During the quarter we participated in eight IPOs, of which we underwrote three. For the full year we participated in 26 U.S. IPOs of Chinese-based companies and served as an underwriter in 14 of them. Our leadership position in underwriting for Chinese ADR issuers in the U.S. continued to yield significant benefits as it led to more IPO subscriptions being available to our retail clients. We also added 35 ESOP clients in the fourth quarter for a cumulative total of 124 clients. Despite having only started our ESOP business two years ago, we have been able to gain substantial market share due to the enhanced user experience of our system.”The company’s flagship trading app, Tiger Trade, has formed a closed-loop platform for trading, social networking, and financial media. By adding more investment tools and products such as grey market for Hong Kong IPOs, the firm continues to boost its brand recognition and retail client stickiness.“We are enthusiastic about the year ahead as we will continue to leverage our technological capabilities to build an integrated trading platform for global clients with a comprehensive product offering,” Wu added.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351614945,"gmtCreate":1616593475087,"gmtModify":1704796111341,"author":{"id":"3579463678767674","authorId":"3579463678767674","name":"Dteo","avatar":"https://static.tigerbbs.com/43de7ebc5406679870898d1f8127345c","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579463678767674","authorIdStr":"3579463678767674"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351614945","repostId":"1166910900","repostType":4,"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}