Jarenng personal page - To The Moon

Jarenng

Jarenng

I FKING LOVE MONEY

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2023-09-12

He must have lost a lot in shorting

Tesla Analyst With $24 Price Target Blasts Morgan Stanley's $400 Target: "Where Is The Tech?"

2023-05-02

$Tesla Motors(TSLA)$ ok

2023-01-20

$Tesla Motors(TSLA)$ stock buyback annoucement

2022-12-21

$Tesla Motors(TSLA)$ Bearishshort the hell out of it

2022-12-16

$Tesla Motors(TSLA)$ buy

2022-12-16

$Tesla Motors(TSLA)$

2021-08-31

$NIO Inc.(NIO)$u p to 40

2021-06-30

$AMC Entertainment(AMC)$:)))))))

2021-06-17

Let's gooooooooo

2021-06-17

$AMC Entertainment(AMC)$hodl

2021-06-15

$AMC Entertainment(AMC)$70!

2021-06-14

$Mind Medicine (MindMed) Inc.(MNMD)$breaking $4 soon? What u think?

2021-06-14

Possible for $55. Diamond hands

2021-06-11

$Arcturus Therapeutics Ltd.(ARCT)$is there hope?

2021-06-07

$Mind Medicine (MindMed) Inc.(MNMD)$going up

2021-06-07

$AMC Entertainment(AMC)$moon moon moon

2021-06-05

$AMC Entertainment(AMC)$sell all these

2021-06-05

Sell

2 Stocks That Are Much More Likely Than AMC to Make You Rich

2021-06-05

Time to take profit

Shopify Is An Expensive Stock That Keeps Delivering The Goods

2021-06-05

Sellllllllllll

Can Alibaba Stock Hit $500? If You Got Time, Yes

Go to Tiger App to see more news

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must have lost a lot in shorting","listText":"He must have lost a lot in shorting","text":"He must have lost a lot in shorting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/219020538183848","repostId":"2366217103","repostType":2,"repost":{"id":"2366217103","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1694496037,"share":"https://ttm.financial/m/news/2366217103?lang=&edition=fundamental","pubTime":"2023-09-12 13:20","market":"us","language":"en","title":"Tesla Analyst With $24 Price Target Blasts Morgan Stanley's $400 Target: \"Where Is The Tech?\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2366217103","media":"Benzinga","summary":"ZINGER KEY POINTSAdam Jonas's bullish Tesla view focuses on Dojo's non-auto potential; Gordon Johnson questions the analysis's impartiality.Johnson has a $24 price target on Tesla and calls Monday's r","content":"<html><head></head><body><h4 id=\"id_4242406132\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li><p>Adam Jonas&#39;s bullish Tesla view focuses on Dojo&#39;s non-auto potential; Gordon Johnson questions the analysis&#39;s impartiality.</p></li><li><p>Johnson has a $24 price target on Tesla and calls Monday&#39;s rally a short opportunity.</p></li></ul><p><strong>Gordon Johnson</strong>, founder and CEO at GLJ Research, called into question on Monday the optimistic analysis of <strong>Morgan Stanley&#39;s</strong> <strong>Adam Jonas</strong> on <strong>Tesla Inc</strong>.</p><p style=\"text-align: start;\">Directly countering Jonas&#39;s high-flying projections rooted in the capabilities of Tesla&#39;s supercomputer, Johnson said the investment bank’s close ties to Tesla and Musk may have something to do with the upgrade, among other things.</p><p style=\"text-align: start;\"><strong>The Morgan Stanley Analyst:</strong> Jonas on Sunday upgraded Tesla from Equal-Weight to Overweight with a $400 price target. The thesis centered around the transformative potential of Tesla&#39;s custom supercomputer, <strong>Dojo</strong>.</p><p style=\"text-align: start;\">The analyst predicted a surge in Tesla&#39;s enterprise value from Dojo — to the tune of $500 billion.</p><p style=\"text-align: start;\">Jonas&#39;s logic hinges on Dojo’s abilities beyond just the automotive realm, saying the supercomputer could find applications in diverse industries including robotics, healthcare and security.</p><p>Backing his thesis with figures, the Morgan Stanley analyst noted that just as Amazon Web Services became a cornerstone for <strong>Amazon.com, Inc.’s</strong> AMZN earnings, Tesla Network Services might contribute a sizable chunk — more than 60% by 2040 — to Tesla&#39;s EBITDA.</p><p>“Ninety-eight of their gross profit in Q2 was from selling cars,” Johnson said in a Schwab Network interview on Monday, “You and others have been saying this is a tech company for the last five years; where is the tech?”</p><p style=\"text-align: start;\"><strong>The GL Research Analyst:</strong> Johnson has a $24 price target set on the stock.</p><p style=\"text-align: start;\">Taking to X (formerly known as Twitter), he criticized the &#34;poor analysis&#34; of Jonas, noting Morgan Stanley&#39;s significant investment in Tesla and Twitter.</p><p style=\"text-align: start;\">Johnson pointed out several concerns, saying Jonas admitted in his note that his projections on Dojo&#39;s cost and performance are unverified, rendering his upgrade largely speculative.</p><p>While the supercomputer, which is going to be used for training Tesla&#39;s machine learning models to improve its Full Self-Driving (FSD), went into production last month, Johnson noted Consumer Reports and Guidehouse Insights currently rank the driver assistance technology pretty low compared to competitors.</p><p style=\"text-align: start;\">Johnson also noted Morgan Stanley’s role in Musk taking X private, as well as its sizeable position in Tesla.</p><p style=\"text-align: start;\">Part of Musk&#39;s acquisition of Twitter was backed by bank loans, including a $3.5 billion contribution from Morgan Stanley. That connection, coupled with Morgan Stanley&#39;s ownership of nearly 28 million shares of Tesla, painted a picture of intertwined interests, according to Johnson, leading one to question the impartiality of the analysis.</p><p style=\"text-align: start;\">Tesla shares traded more than 10% on Monday, which Johnson called a short opportunity.</p><p style=\"text-align: start;\"><strong>TSLA Price action:</strong> Shares of Tesla closed 10.09% higher to $273.58 on Monday, according to data from Benzinga Pro.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Analyst With $24 Price Target Blasts Morgan Stanley's $400 Target: \"Where Is The Tech?\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Analyst With $24 Price Target Blasts Morgan Stanley's $400 Target: \"Where Is The Tech?\"\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-09-12 13:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h4 id=\"id_4242406132\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li><p>Adam Jonas&#39;s bullish Tesla view focuses on Dojo&#39;s non-auto potential; Gordon Johnson questions the analysis&#39;s impartiality.</p></li><li><p>Johnson has a $24 price target on Tesla and calls Monday&#39;s rally a short opportunity.</p></li></ul><p><strong>Gordon Johnson</strong>, founder and CEO at GLJ Research, called into question on Monday the optimistic analysis of <strong>Morgan Stanley&#39;s</strong> <strong>Adam Jonas</strong> on <strong>Tesla Inc</strong>.</p><p style=\"text-align: start;\">Directly countering Jonas&#39;s high-flying projections rooted in the capabilities of Tesla&#39;s supercomputer, Johnson said the investment bank’s close ties to Tesla and Musk may have something to do with the upgrade, among other things.</p><p style=\"text-align: start;\"><strong>The Morgan Stanley Analyst:</strong> Jonas on Sunday upgraded Tesla from Equal-Weight to Overweight with a $400 price target. The thesis centered around the transformative potential of Tesla&#39;s custom supercomputer, <strong>Dojo</strong>.</p><p style=\"text-align: start;\">The analyst predicted a surge in Tesla&#39;s enterprise value from Dojo — to the tune of $500 billion.</p><p style=\"text-align: start;\">Jonas&#39;s logic hinges on Dojo’s abilities beyond just the automotive realm, saying the supercomputer could find applications in diverse industries including robotics, healthcare and security.</p><p>Backing his thesis with figures, the Morgan Stanley analyst noted that just as Amazon Web Services became a cornerstone for <strong>Amazon.com, Inc.’s</strong> AMZN earnings, Tesla Network Services might contribute a sizable chunk — more than 60% by 2040 — to Tesla&#39;s EBITDA.</p><p>“Ninety-eight of their gross profit in Q2 was from selling cars,” Johnson said in a Schwab Network interview on Monday, “You and others have been saying this is a tech company for the last five years; where is the tech?”</p><p style=\"text-align: start;\"><strong>The GL Research Analyst:</strong> Johnson has a $24 price target set on the stock.</p><p style=\"text-align: start;\">Taking to X (formerly known as Twitter), he criticized the &#34;poor analysis&#34; of Jonas, noting Morgan Stanley&#39;s significant investment in Tesla and Twitter.</p><p style=\"text-align: start;\">Johnson pointed out several concerns, saying Jonas admitted in his note that his projections on Dojo&#39;s cost and performance are unverified, rendering his upgrade largely speculative.</p><p>While the supercomputer, which is going to be used for training Tesla&#39;s machine learning models to improve its Full Self-Driving (FSD), went into production last month, Johnson noted Consumer Reports and Guidehouse Insights currently rank the driver assistance technology pretty low compared to competitors.</p><p style=\"text-align: start;\">Johnson also noted Morgan Stanley’s role in Musk taking X private, as well as its sizeable position in Tesla.</p><p style=\"text-align: start;\">Part of Musk&#39;s acquisition of Twitter was backed by bank loans, including a $3.5 billion contribution from Morgan Stanley. That connection, coupled with Morgan Stanley&#39;s ownership of nearly 28 million shares of Tesla, painted a picture of intertwined interests, according to Johnson, leading one to question the impartiality of the analysis.</p><p style=\"text-align: start;\">Tesla shares traded more than 10% on Monday, which Johnson called a short opportunity.</p><p style=\"text-align: start;\"><strong>TSLA Price action:</strong> Shares of Tesla closed 10.09% higher to $273.58 on Monday, according to data from Benzinga Pro.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2063271972.USD":"富兰克林创新领域基金","BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4581":"高盛持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4504":"桥水持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4099":"汽车制造商","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0971096721.USD":"富达环球金融服务 A","LU1548497426.USD":"安联环球人工智能AT Acc","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","TSLA":"特斯拉","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4532":"文艺复兴科技持仓","BK4592":"伊斯兰概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4534":"瑞士信贷持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4114":"综合货品商店","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4527":"明星科技股"},"source_url":"https://news.google.com/rss/articles/CBMijgFodHRwczovL3VrLmludmVzdGluZy5jb20vbmV3cy9zdG9jay1tYXJrZXQtbmV3cy90ZXNsYS1hbmFseXN0LXdpdGgtMjQtcHJpY2UtdGFyZ2V0LWJsYXN0cy1tb3JnYW4tc3RhbmxleXMtNDAwLXRhcmdldC13aGVyZS1pcy10aGUtdGVjaC0zMTUwOTk00gGaAWh0dHBzOi8vbS51ay5pbnZlc3RpbmcuY29tL25ld3Mvc3RvY2stbWFya2V0LW5ld3MvdGVzbGEtYW5hbHlzdC13aXRoLTI0LXByaWNlLXRhcmdldC1ibGFzdHMtbW9yZ2FuLXN0YW5sZXlzLTQwMC10YXJnZXQtd2hlcmUtaXMtdGhlLXRlY2gtMzE1MDk5ND9hbXBNb2RlPTE?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2366217103","content_text":"ZINGER KEY POINTSAdam Jonas's bullish Tesla view focuses on Dojo's non-auto potential; Gordon Johnson questions the analysis's impartiality.Johnson has a $24 price target on Tesla and calls Monday's rally a short opportunity.Gordon Johnson, founder and CEO at GLJ Research, called into question on Monday the optimistic analysis of Morgan Stanley's Adam Jonas on Tesla Inc.Directly countering Jonas's high-flying projections rooted in the capabilities of Tesla's supercomputer, Johnson said the investment bank’s close ties to Tesla and Musk may have something to do with the upgrade, among other things.The Morgan Stanley Analyst: Jonas on Sunday upgraded Tesla from Equal-Weight to Overweight with a $400 price target. The thesis centered around the transformative potential of Tesla's custom supercomputer, Dojo.The analyst predicted a surge in Tesla's enterprise value from Dojo — to the tune of $500 billion.Jonas's logic hinges on Dojo’s abilities beyond just the automotive realm, saying the supercomputer could find applications in diverse industries including robotics, healthcare and security.Backing his thesis with figures, the Morgan Stanley analyst noted that just as Amazon Web Services became a cornerstone for Amazon.com, Inc.’s AMZN earnings, Tesla Network Services might contribute a sizable chunk — more than 60% by 2040 — to Tesla's EBITDA.“Ninety-eight of their gross profit in Q2 was from selling cars,” Johnson said in a Schwab Network interview on Monday, “You and others have been saying this is a tech company for the last five years; where is the tech?”The GL Research Analyst: Johnson has a $24 price target set on the stock.Taking to X (formerly known as Twitter), he criticized the \"poor analysis\" of Jonas, noting Morgan Stanley's significant investment in Tesla and Twitter.Johnson pointed out several concerns, saying Jonas admitted in his note that his projections on Dojo's cost and performance are unverified, rendering his upgrade largely speculative.While the supercomputer, which is going to be used for training Tesla's machine learning models to improve its Full Self-Driving (FSD), went into production last month, Johnson noted Consumer Reports and Guidehouse Insights currently rank the driver assistance technology pretty low compared to competitors.Johnson also noted Morgan Stanley’s role in Musk taking X private, as well as its sizeable position in Tesla.Part of Musk's acquisition of Twitter was backed by bank loans, including a $3.5 billion contribution from Morgan Stanley. That connection, coupled with Morgan Stanley's ownership of nearly 28 million shares of Tesla, painted a picture of intertwined interests, according to Johnson, leading one to question the impartiality of the analysis.Tesla shares traded more than 10% on Monday, which Johnson called a short opportunity.TSLA Price action: Shares of Tesla closed 10.09% higher to $273.58 on Monday, according to data from Benzinga Pro.","news_type":1},"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947858698,"gmtCreate":1682962605114,"gmtModify":1682962607341,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla 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Inc.(MNMD)$going up","images":[{"img":"https://static.tigerbbs.com/eef85730703c826a2d05bd4c1beabbb1","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114531787","isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":114530573,"gmtCreate":1623078783392,"gmtModify":1704195689814,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>moon moon moon","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>moon moon moon","text":"$AMC Entertainment(AMC)$moon moon moon","images":[{"img":"https://static.tigerbbs.com/dfa30f8f73d1fd3f026dbf04cfa13f34","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114530573","isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112044869,"gmtCreate":1622831114351,"gmtModify":1704192108019,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>sell all these","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>sell all these","text":"$AMC Entertainment(AMC)$sell all these","images":[{"img":"https://static.tigerbbs.com/03f47e650f1032ddfe16afab63175012","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112044869","isVote":1,"tweetType":1,"viewCount":717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112045796,"gmtCreate":1622831051115,"gmtModify":1704192107203,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Sell","listText":"Sell","text":"Sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112045796","repostId":"2140840159","repostType":4,"repost":{"id":"2140840159","kind":"highlight","pubTimestamp":1622819116,"share":"https://ttm.financial/m/news/2140840159?lang=&edition=fundamental","pubTime":"2021-06-04 23:05","market":"us","language":"en","title":"2 Stocks That Are Much More Likely Than AMC to Make You Rich","url":"https://stock-news.laohu8.com/highlight/detail?id=2140840159","media":"Motley Fool","summary":"Gambling can be fun, but growing sales and profits are what matter for long-term gains.","content":"<p>As meme stocks and cryptocurrencies dominate the financial media, it's hard not to enjoy the spectacle. <b>AMC</b> <b>Entertainment</b> (NYSE:AMC) has climbed 2,400% this year alone, even though many of its venues have been closed for a year. It even recently reported a 90% drop in year-over-year sales. Although it is subject to wild swings, the company's current market cap is $23 billion.</p>\n<p>Two companies that are about the same size but would seem to offer much brighter prospects are <b>ResMed</b> (NYSE:RMD) and <b>The</b> <b>Trade</b> <b>Desk</b> (NASDAQ:TTD). They might not capture the attention of social media, but they have the kind of sales, profits, and growth that market-beating investments are built on. Let's dig into a few of the reasons each may deliver better returns than shares of AMC.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84ee6a1419367e9e5d1ef982dea1fd0b\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. ResMed</h2>\n<p>ResMed is short for \"respiratory medicine,\" and it commercialized the continuous positive airway pressure (CPAP) machine for sleep apnea three decades ago. It has since expanded its reach to chronic pulmonary obstructive disorder (CPOD) and other diseases. The company has maintained solid growth through innovation in comfort, noise, and ease of use.</p>\n<p>Like AMC, revenue was impacted by the pandemic. It's year-over-year growth flattened in 2020 after five years of consistently staying between 9.5% and 13.5%. That's where the similarities end. Even before the pandemic clouded all of AMC's operating metrics, ResMed was creating significantly more earnings before interest and taxes (EBIT) from its sales than the movie chain. That margin is a good measure of the earnings ability of the company without accounting adjustments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb56d98439237e78259fbeb170b5ee54\" tg-width=\"720\" tg-height=\"435\"><span>AMC EBIT Margin (TTM) data by YCharts</span></p>\n<p>The market for its CPAP machines is enormous and growing. A 2019 study estimated 424 million people worldwide have moderate to severe sleep apnea, and management believes about 80% of those in the U.S. are undiagnosed. The global population of people with COPD is about 380 million and is believed to cost the healthcare systems of the U.S. and Europe about $50 billion per year each. That enormous population and cost gives patients and doctors a lot of incentive to embrace ResMed's solutions. The company currently commands about 32% share in the flow generator market (behind Philips' 63%) giving it room to continue its methodical growth. For investors thinking about long-term stability, the wind at the back of ResMed should keep blowing for decades.</p>\n<h2>2. The Trade Desk</h2>\n<p>The Trade Desk might be the perfect stock to buy as the antithesis of AMC. While AMC relies on people getting out and going to see a movie, The Trade Desk provides digital advertising solutions to help ad buyers create, manage, and optimize multi-channel ad campaigns. That means advertising across mobile, connected television, audio, social, and display ads -- all of the places someone might stream content when they decide to stay home. Every time that happens, AMC loses and The Trade Desk gains. It's happening more and more. The company saw $4.2 billion in gross spend on its platform last year. That was up from just $552 million in 2015.</p>\n<p>In contrast, the number of box office tickets sold has been slowly declining for 25 years. Exceptional years like 2002 (with a <i>Lord of the Rings</i>, <i>Harry Potter</i>, and <i>Star Wars</i> movie) and 2009 (with a <a href=\"https://laohu8.com/S/AONE\">one</a>-of-a-kind movie like <i>Avatar</i>) will occasionally break the trend. Even pre-pandemic, the sales growth highlights the difference between the two companies.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1120ba2e4f2b20ff52f4357237f041c\" tg-width=\"720\" tg-height=\"435\"><span>AMC Revenue (Annual YoY Growth) data by YCharts</span></p>\n<h2>Is it investing or speculating?</h2>\n<p>Research suggests our brains are wired to feel financial loss much more than gain. Unfortunately, greed and a fear of missing out can blind us to risks until it is too late. For some holders of AMC Entertainment, the current mania and fantastic gains in 2021 may be overshadowing the underlying performance and prospects for the business.</p>\n<p>A great litmus test is to imagine your bank account with enough money to simply buy either AMC, ResMed, or The Trade Desk outright. The rational choice would be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the companies with a growing customer base, increasing sales, and loads of cash. That may be boring, but it's what investing in stocks represents.</p>\n<p>Buying an asset solely because someone else might buy it for more is speculation -- and speculation is a kinder way to say gambling. Although no one can know how high the stock price for AMC might climb in the short term, gambling is a risky way to make money. That's especially true if you can't afford to lose it. A better way to get rich is to buy great companies and own them for a decade or more.</p>","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 Stocks That Are Much More Likely Than AMC to Make You Rich</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 Stocks That Are Much More Likely Than AMC to Make You Rich\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/04/2-stocks-that-are-much-more-likely-than-amc-to-mak/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As meme stocks and cryptocurrencies dominate the financial media, it's hard not to enjoy the spectacle. AMC Entertainment (NYSE:AMC) has climbed 2,400% this year alone, even though many of its venues ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/04/2-stocks-that-are-much-more-likely-than-amc-to-mak/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TTD":"Trade Desk Inc.","RMD":"瑞思迈"},"source_url":"https://www.fool.com/investing/2021/06/04/2-stocks-that-are-much-more-likely-than-amc-to-mak/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140840159","content_text":"As meme stocks and cryptocurrencies dominate the financial media, it's hard not to enjoy the spectacle. AMC Entertainment (NYSE:AMC) has climbed 2,400% this year alone, even though many of its venues have been closed for a year. It even recently reported a 90% drop in year-over-year sales. Although it is subject to wild swings, the company's current market cap is $23 billion.\nTwo companies that are about the same size but would seem to offer much brighter prospects are ResMed (NYSE:RMD) and The Trade Desk (NASDAQ:TTD). They might not capture the attention of social media, but they have the kind of sales, profits, and growth that market-beating investments are built on. Let's dig into a few of the reasons each may deliver better returns than shares of AMC.\nImage source: Getty Images.\n1. ResMed\nResMed is short for \"respiratory medicine,\" and it commercialized the continuous positive airway pressure (CPAP) machine for sleep apnea three decades ago. It has since expanded its reach to chronic pulmonary obstructive disorder (CPOD) and other diseases. The company has maintained solid growth through innovation in comfort, noise, and ease of use.\nLike AMC, revenue was impacted by the pandemic. It's year-over-year growth flattened in 2020 after five years of consistently staying between 9.5% and 13.5%. That's where the similarities end. Even before the pandemic clouded all of AMC's operating metrics, ResMed was creating significantly more earnings before interest and taxes (EBIT) from its sales than the movie chain. That margin is a good measure of the earnings ability of the company without accounting adjustments.\nAMC EBIT Margin (TTM) data by YCharts\nThe market for its CPAP machines is enormous and growing. A 2019 study estimated 424 million people worldwide have moderate to severe sleep apnea, and management believes about 80% of those in the U.S. are undiagnosed. The global population of people with COPD is about 380 million and is believed to cost the healthcare systems of the U.S. and Europe about $50 billion per year each. That enormous population and cost gives patients and doctors a lot of incentive to embrace ResMed's solutions. The company currently commands about 32% share in the flow generator market (behind Philips' 63%) giving it room to continue its methodical growth. For investors thinking about long-term stability, the wind at the back of ResMed should keep blowing for decades.\n2. The Trade Desk\nThe Trade Desk might be the perfect stock to buy as the antithesis of AMC. While AMC relies on people getting out and going to see a movie, The Trade Desk provides digital advertising solutions to help ad buyers create, manage, and optimize multi-channel ad campaigns. That means advertising across mobile, connected television, audio, social, and display ads -- all of the places someone might stream content when they decide to stay home. Every time that happens, AMC loses and The Trade Desk gains. It's happening more and more. The company saw $4.2 billion in gross spend on its platform last year. That was up from just $552 million in 2015.\nIn contrast, the number of box office tickets sold has been slowly declining for 25 years. Exceptional years like 2002 (with a Lord of the Rings, Harry Potter, and Star Wars movie) and 2009 (with a one-of-a-kind movie like Avatar) will occasionally break the trend. Even pre-pandemic, the sales growth highlights the difference between the two companies.\nAMC Revenue (Annual YoY Growth) data by YCharts\nIs it investing or speculating?\nResearch suggests our brains are wired to feel financial loss much more than gain. Unfortunately, greed and a fear of missing out can blind us to risks until it is too late. For some holders of AMC Entertainment, the current mania and fantastic gains in 2021 may be overshadowing the underlying performance and prospects for the business.\nA great litmus test is to imagine your bank account with enough money to simply buy either AMC, ResMed, or The Trade Desk outright. The rational choice would be one of the companies with a growing customer base, increasing sales, and loads of cash. That may be boring, but it's what investing in stocks represents.\nBuying an asset solely because someone else might buy it for more is speculation -- and speculation is a kinder way to say gambling. Although no one can know how high the stock price for AMC might climb in the short term, gambling is a risky way to make money. That's especially true if you can't afford to lose it. A better way to get rich is to buy great companies and own them for a decade or more.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112045564,"gmtCreate":1622831027658,"gmtModify":1704192107531,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Time to take profit","listText":"Time to take profit","text":"Time to take profit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112045564","repostId":"1167651093","repostType":4,"repost":{"id":"1167651093","kind":"news","pubTimestamp":1622820402,"share":"https://ttm.financial/m/news/1167651093?lang=&edition=fundamental","pubTime":"2021-06-04 23:26","market":"us","language":"en","title":"Shopify Is An Expensive Stock That Keeps Delivering The Goods","url":"https://stock-news.laohu8.com/highlight/detail?id=1167651093","media":"seekingalpha","summary":"Summary\n\nShopify has consistently delivered for long-term investors who have kept faith with the com","content":"<p><b>Summary</b></p>\n<ul>\n <li>Shopify has consistently delivered for long-term investors who have kept faith with the company despite its high valuations.</li>\n <li>The company has multiple growth drivers in Payments, and International markets to further drive its growth story.</li>\n <li>Its technical picture also shows a stock that has always been strongly supported along its long-term uptrend.</li>\n <li>I attempt to discuss the key aspects of its operating performances and why investors should also focus on international expansion as a key aspect of e-commerce growth.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/52317e0f54753da09429856ece6bc6b5\" tg-width=\"768\" tg-height=\"512\"><span>Photo by JHVEPhoto/iStock Editorial via Getty ImagesInvestment Thesis</span></p>\n<p>Shopify (SHOP) is one of the most hotly debated e-commerce stocks because of its explosive revenue growth rates and its high valuations. The company continues to demonstrate both stellar topline and bottomline growth while also improving its cash flow margins. The management’s ability to monetize its merchants through Shopify Payments and its suite of merchant solutions is a masterstroke that shows the capability of the management to be able to continue executing its high growth strategies with aplomb moving forward. Despite its relatively high valuation levels, it also remains a very strong stock from the technical point of view, so bullish investors may consider adding it at the next dip.</p>\n<p><b>Shopify: Defying Amazon’s Valuation Logic</b></p>\n<p>Shopify’s critics have often questioned the logic of investing in Shopify when you can invest in Amazon (AMZN) for a fraction of its expensive valuation. Yet, investors in SHOP continue to defy “common valuation logic” by pointing to Shopify’s incredible growth rates.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a2dcffad535b32122075c2b0af38ff14\" tg-width=\"1280\" tg-height=\"818\"><span>SHOP and AMZN LTM Revenue Growth Trend. Data Source: S&amp;P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7d799fb8dc581602cf953723e8439b3\" tg-width=\"1280\" tg-height=\"710\"><span>AMZN and SHOP LTM Revenue YoY Growth &amp; Revenue 3Y CAGR. Data Source: S&amp;P Capital IQ</span></p>\n<p>Over the last 5 years, SHOP’s revenue growth has easily surpassed AMZN at every reporting quarter, and the pandemic fueled e-commerce tailwind also drove higher growth to SHOP as its LTM revenue YoY growth read 99.6% as compared to AMZN’s “meagre” 41.5%. Moreover, SHOP’s revenue 3Y CAGR of 63.3% also easily bested AMZN’s 3Y CAGR of 29.5%. So clearly, SHOP’s growth has been truly phenomenal.</p>\n<p><b>Shopify's Compelling Merchant Solutions Growth Drivers</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/530e31580ddf7319700509d7bb77eadf\" tg-width=\"979\" tg-height=\"605\"><span>Shopify Revenue Segments. Data Source: Company Filings</span></p>\n<p>In recent years, we could see that even though Shopify’s revenue growth has been pretty much broad-based, its merchant solutions segment has been taking up an increasingly large contribution in the company’s revenue base and have transformed itself into Shopify’s most important revenue driver, accounting for 67.6% of Q1’21 revenue. The shift towards increasing the revenue base of merchant solutions has seen the company continuing to roll out multiple new merchant solutions initiatives and services to further monetize the company’s merchant base and improve the strength of its ecosystem, therefore enhancing its “stickiness” and retention over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e25591146598f17356e29c09b22ee48a\" tg-width=\"873\" tg-height=\"540\"><span>Shopify Subscription Solutions and Merchant Solutions YoY Growth. Data Source: Company Filings</span></p>\n<p>Investors should be careful not to get too excited with the pulled forward growth as a result of the COVID-19 pandemic that we observed in FY 20 as seen above. The management has already strongly emphasized in their guidance that they do not expect this to repeat, and&nbsp;expects YoY growth to normalize&nbsp;to levels seen before the pandemic, which in this case is estimated to be somewhere north of 50%. Even though growth is expected to normalize moving forward, it’s not as if SHOP has been growing slowly and more importantly the pulled forward growth last year has allowed SHOP to dramatically increase its merchants growth onto its platform for future monetization within Shopify’s robust ecosystem.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a81297d610a91d9faaac76cab97c2a46\" tg-width=\"914\" tg-height=\"566\"><span>Shopify Segment Gross Margins. Data Source: Company Filings</span></p>\n<p>Although Q1’21’s gross margin was higher than recent historical trends, we should not expect this to carry on moving forward. The management pointed out clearly that the company is focusing its efforts to continue improving its robust ecosystem for its merchants such as developing the Shopify Fulfillment Network [SFN], as it expects that the&nbsp;merchant solutions segment to continue driving its revenue growth&nbsp;even if it means lesser gross margins moving forward.</p>\n<p><b>Shopify Payments is the Key to Unlock the Benefits from GMV Growth</b></p>\n<p>Despite that, the company clarified that as Shopify Payments continue to see increased adoption and usage among its merchants, the company expects to see significant improvement to its SG&amp;A efficiencies as Shopify Payments has a much lesser impact on SG&amp;A margins, therefore leading to improvement on operating efficiencies as Shopify Payments scale up further.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96f95af102893b8aa172d3bbb38e04e5\" tg-width=\"1280\" tg-height=\"724\"><span>SHOP EBIT Margin, SG&amp;A Margin, R&amp;D Margin, Gross Margin. Data Source: S&amp;P Capital IQ</span></p>\n<p>Clearly, investors could see that despite posting a relatively high LTM gross margin profile in Q1’21: 53.5%, it has only recently turned LTM EBIT profitable (Q1’21: 10.5%), thanks to the company’s solid improvement with its operating efficiencies even though the gross margin profile has remained stable over time, even with the pulled forward growth from COVID-19 last year.</p>\n<p>We could see a consistently declining LTM SG&amp;A margin trend reaching 24.8% in Q1’21 from a high of 44.1% in Q4’16, signifying a huge improvement. Therefore, I’m confident that SHOP would continue to deliver improved operating efficiencies as it scales up its SFN to further strengthen its ecosystem, creating even more value and synergies for its merchants and their customers.</p>\n<p><b>SHOP’s GMV and GPV Analysis. Data Source: Company Filings</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6f4cabe3fd5b28627f459fb7c38d30d\" tg-width=\"600\" tg-height=\"371\"><span>SHOP’s GMV and GPV YoY Growth. Data Source: Company Filings</span></p>\n<p>We could clearly see the increasingly important role of Shopify Payments for its merchants as more and more merchants are using Shopify Payments over time as GPV growth has outpaced GMV growth consistently, with Q1’21 reading coming in at 137% YoY growth and 114.4% YoY growth, respectively.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2221628cdde154ad2c8a97a321036aa9\" tg-width=\"600\" tg-height=\"371\"><span>SHOP GPV as a % of GMV. Data Source: Company Filings</span></p>\n<p>With the increased adoption and usage of Shopify Payments, in Q1’21 GPV formed 46.4% of GMV, from a low of 37.5% of GMV just 3 years ago. I believe Shopify is moving in the right direction to continue driving more and more merchants towards Shopify Payments as it creates a powerful flywheel to unlock even more and more of the expected massive GMV growth moving forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0258ae827634f290dfe0d7d81fd92809\" tg-width=\"600\" tg-height=\"371\"><span>Shopify MRR. Data Source: Company Filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2376f5f19c5f4a4cb9e4f4bb797fcb64\" tg-width=\"600\" tg-height=\"371\"><span>Shopify MRR YoY Growth. Data Source: Company Filings</span></p>\n<p>The sustained improvement in GPV growth has come at an important juncture as SHOP had already been experiencing slower MRR growth pre-pandemic (from 36% in Q1’19 to 21% in Q2’20). Therefore, by strategically being able to monetize its merchants in other areas has helped to manage this slowdown, while at the same time opened up many new revenue opportunities for Merchant Solutions to help drive the company’s future growth.</p>\n<p><b>The Importance of International Expansion</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26d7cd04a66b877c2669945d4f9a68ef\" tg-width=\"1280\" tg-height=\"775\"><span>Shopify Revenue by Merchant Location. Data Source: Company Filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31774ad4abd47199de636274620d5302\" tg-width=\"807\" tg-height=\"499\"><span>Shopify Revenue by Merchant Location YoY Growth. Data Source: Company Filings</span></p>\n<p>Although U.S. merchants continue to be SHOP’s most important revenue driver (66.7% of FY 20 revenue), the company has also experienced rapid growth in other geographical markets, particularly in its Rest of World segment. As we can observe from the above chart, U.S. growth has already been trending down pre-pandemic, while Rest of World growth has continued to grow rapidly and consistently.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39fd8a089cc64ae41da56ef8a8ddafe3\" tg-width=\"966\" tg-height=\"597\"><span>Amazon Revenue Segments YoY Growth. Data Source: Company Filings</span></p>\n<p>We also observed this from AMZN’s International segment growth where although it has been somewhat of a laggard in previous quarters, it has started to outpace North America’s growth for the last 2 quarters, culminating in Q1’21 YoY growth of 60.4% for the International segment against 39.5% for the North America segment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7909e7fdd6bf5972121d1a9a70f75a46\" tg-width=\"600\" tg-height=\"371\"><span>U.S. Retail e-commerce revenue 2017 to 2025. Data Source: Statista</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c99e9a30fb46d3d1f22e77b72c40740\" tg-width=\"600\" tg-height=\"371\"><span>U.S. Retail e-commerce revenue YoY Growth. Data Source: Statista</span></p>\n<p>We could see from the above why ramping up growth internationally is so important for Shopify to continue delivering its expected spectacular growth rates. Even though Shopify merchants sell internationally, the fact that the SFN currently serves only businesses whosell to U.S. customersindicates the significance of the U.S. consumers to Shopify’s ecommerce revenues. However, as the growth of U.S. retail e-commerce revenue is expected to slow down over time (from 8.7% YoY in 2021 to 2.7% YoY by 2025), companies like Shopify who rely on high growth to justify its valuation must either take market share away from its key competitors or look for growth outside of the United States.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e60f4fcd9254552bdd46a6d9c613384d\" tg-width=\"600\" tg-height=\"371\"><span>Value of Southeast Asia e-commerce market. Data Source: Google, Temasek Holdings, Bain &amp; Company</span></p>\n<p>For example, if we look across to Southeast Asia, and compare the growth rates of the Southeast Asian market (expected 5Y CAGR for 2020 to 2025: 22.6%) and the United States market (expected 5Y CAGR for 2020 to 2025: 3.73%), it’s easy to see which market will be the key driver of e-commerce growth in the near future. There’s no doubt that the U.S. market remains an extremely important market given its size, however much of the future growth will likely come from overseas markets. Therefore, it’s important that Shopify continues to drive growth across other geographical markets.</p>\n<p><b>Let's Bring in Sea Limited</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d40fe31435cdc50217df4172982b7354\" tg-width=\"1280\" tg-height=\"821\"><span>Sea Limited &amp; SHOP EBIT Margin, Gross Margin. Data Source: S&amp;P Capital IQ</span></p>\n<p>In order to look at Shopify’s growth opportunities in the Southeast Asian market, I thought it would be important to first consider the most important e-commerce player in that region: Sea Limited (SE), which I had previouslycovered in detail in an article hererecently.</p>\n<p>It’s easy to see how SHOP’s more profitable business model on relying on subscriptions and merchant solutions drove a much higher EBIT margin as compared to SE’s online marketplace platform: Shopee, which is currently being supported by the company’s profitable Garena gaming segment.</p>\n<p>Despite that, Sea has still been able to drive significant revenue growth and operating efficiencies such that its EBIT margins have seen remarkable improvement.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/788d4d4399cbdeb497792a1f90868e47\" tg-width=\"1280\" tg-height=\"714\"><span>EBIT Margin Forecast. Data Source: S&amp;P Capital IQ</span></p>\n<p>When we modelled SE and SHOP’s EBIT margins moving forward, we could see how both companies’ improving cost efficiencies, notably from the reduction in SG&amp;A margins, would help both companies to continue improving their operating margins over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f94e62035fe5fc04eaeb95b7d760df28\" tg-width=\"1280\" tg-height=\"703\"><span>SE and SHOP Projected Unlevered FCF Margin. Data Source: S&amp;P Capital IQ</span></p>\n<p>This is where their SE is expected to pull ahead. In modelling their FCF, SE is expected to generate so much FCF from its revenue growth and operating profits that the company looks increasingly like a massive cash flow machine moving forward. It’s not as if SHOP looks sloppy, but when compared to SE’s FCF margins, they certainly don’t look as impressive though.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa625e12090dfc0f64e439c278b5b9d0\" tg-width=\"1280\" tg-height=\"649\"><span>SE and SHOP Projected Revenue CAGR (5Y, 10Y), 10Y Projected Av. Unlevered FCF Margin, EV / FY+1 Rev. Data Source: S&amp;P Capital IQ</span></p>\n<p>More importantly, when we bring their current valuation levels into the picture (EV / FY+1 Rev), we could see that SE’s current valuation (16.3x) looks so much more attractive than SHOP’s (32.7x), while being able to convert that rapid revenue growth into higher FCF margins. It should also be noted that I have modelled both companies to continue their blockbuster performances: SE (5Y CAGR of 44.3%, 10Y CAGR of 26.7%), SHOP (5Y CAGR 41.4%, 10Y CAGR 32.3%).</p>\n<p>Therefore, for investors who would like a share of that rapid international growth in the Southeast Asian market coupled with a leading cash flow generating gaming segment, you should look no further than SE.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4df93eabc2cf51bdca0056071317076a\" tg-width=\"600\" tg-height=\"371\"><span>Market share of e-commerce software platforms in the U.S. in 2021 Data Source: Builtwith</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a2485bbbc639e9512e106f6dd1ab48ff\" tg-width=\"600\" tg-height=\"371\"><span>Unique visitors to the most popular online retailers in SEA in 2020. Data Source: iPrice Group, SimilarWeb, Marketing in Asia</span></p>\n<p>When we consider the competitive economics in the U.S. against Southeast Asia, it becomes very clear. Shopify faces strong competition within its software platform segment, without accounting for Amazon’s prowess as well. Even though I expect Shopify to continue its rapid expansion, I believe that it faces more intensive competitive threats than Sea Limited as the pie in the U.S. is expected to grow slower over time. SHOP needs almost perfect execution every quarter to justify its lofty valuations.</p>\n<p>As compared to SE, it is clearly the dominant online marketplace now in Southeast Asia by a fairly large margin, and its prowess and scale is also growing, further stretching the distance from its competitors. Coupled with its ShopeePay payments platform, it also creates a flywheel effect similar to what Shopify Payments does for Shopify. The leadership in Southeast Asia is surely Sea’s to lose, and there’s so much potential growth that the company can capture in this region as the undisputed leader. When we consider Shopify’s valuations against SE’s it looks quite clear SE’s valuation looks more attractive now, with stronger market leadership and arguably higher potential growth.</p>\n<p><b>Price Action and Technical Analysis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a9782afa86bafbd3d2e54e41e0c1d13\" tg-width=\"1280\" tg-height=\"794\"><span>Source: TradingView</span></p>\n<p>SHOP’s price action has been stuck somewhat in a large consolidation phase since Oct 20, with the bull trap set in Feb 21 at around the $1500 level. Support was found at around the $1000 level, with further support at around the $835 level for investors who wish to add further into SHOP. It’s important to note that despite SHOP’s lofty valuations, its long term uptrend bias has never been threatened, and I expect this to carry on moving forward.</p>\n<p><b>Wrapping it all up</b></p>\n<p>Although Shopify is one of the most expensive high quality e-commerce stocks right now, it’s also expected to generate rapid growth ahead with its ever improving ecosystem for its merchants. Coupled with one of the strongest long term uptrend biases that I have seen for stocks (It didn’t lose its key support levels even during the COVID-19 bear market), I believe this puts SHOP in a strong position as a stock to add aggressively at the next big dip.</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>Shopify Is An Expensive Stock That Keeps Delivering The Goods</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\">\nShopify Is An Expensive Stock That Keeps Delivering The Goods\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4433111-shopify-an-expensive-stock-that-keeps-delivering><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nShopify has consistently delivered for long-term investors who have kept faith with the company despite its high valuations.\nThe company has multiple growth drivers in Payments, and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4433111-shopify-an-expensive-stock-that-keeps-delivering\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://seekingalpha.com/article/4433111-shopify-an-expensive-stock-that-keeps-delivering","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167651093","content_text":"Summary\n\nShopify has consistently delivered for long-term investors who have kept faith with the company despite its high valuations.\nThe company has multiple growth drivers in Payments, and International markets to further drive its growth story.\nIts technical picture also shows a stock that has always been strongly supported along its long-term uptrend.\nI attempt to discuss the key aspects of its operating performances and why investors should also focus on international expansion as a key aspect of e-commerce growth.\n\nPhoto by JHVEPhoto/iStock Editorial via Getty ImagesInvestment Thesis\nShopify (SHOP) is one of the most hotly debated e-commerce stocks because of its explosive revenue growth rates and its high valuations. The company continues to demonstrate both stellar topline and bottomline growth while also improving its cash flow margins. The management’s ability to monetize its merchants through Shopify Payments and its suite of merchant solutions is a masterstroke that shows the capability of the management to be able to continue executing its high growth strategies with aplomb moving forward. Despite its relatively high valuation levels, it also remains a very strong stock from the technical point of view, so bullish investors may consider adding it at the next dip.\nShopify: Defying Amazon’s Valuation Logic\nShopify’s critics have often questioned the logic of investing in Shopify when you can invest in Amazon (AMZN) for a fraction of its expensive valuation. Yet, investors in SHOP continue to defy “common valuation logic” by pointing to Shopify’s incredible growth rates.\nSHOP and AMZN LTM Revenue Growth Trend. Data Source: S&P Capital IQ\nAMZN and SHOP LTM Revenue YoY Growth & Revenue 3Y CAGR. Data Source: S&P Capital IQ\nOver the last 5 years, SHOP’s revenue growth has easily surpassed AMZN at every reporting quarter, and the pandemic fueled e-commerce tailwind also drove higher growth to SHOP as its LTM revenue YoY growth read 99.6% as compared to AMZN’s “meagre” 41.5%. Moreover, SHOP’s revenue 3Y CAGR of 63.3% also easily bested AMZN’s 3Y CAGR of 29.5%. So clearly, SHOP’s growth has been truly phenomenal.\nShopify's Compelling Merchant Solutions Growth Drivers\nShopify Revenue Segments. Data Source: Company Filings\nIn recent years, we could see that even though Shopify’s revenue growth has been pretty much broad-based, its merchant solutions segment has been taking up an increasingly large contribution in the company’s revenue base and have transformed itself into Shopify’s most important revenue driver, accounting for 67.6% of Q1’21 revenue. The shift towards increasing the revenue base of merchant solutions has seen the company continuing to roll out multiple new merchant solutions initiatives and services to further monetize the company’s merchant base and improve the strength of its ecosystem, therefore enhancing its “stickiness” and retention over time.\nShopify Subscription Solutions and Merchant Solutions YoY Growth. Data Source: Company Filings\nInvestors should be careful not to get too excited with the pulled forward growth as a result of the COVID-19 pandemic that we observed in FY 20 as seen above. The management has already strongly emphasized in their guidance that they do not expect this to repeat, and expects YoY growth to normalize to levels seen before the pandemic, which in this case is estimated to be somewhere north of 50%. Even though growth is expected to normalize moving forward, it’s not as if SHOP has been growing slowly and more importantly the pulled forward growth last year has allowed SHOP to dramatically increase its merchants growth onto its platform for future monetization within Shopify’s robust ecosystem.\nShopify Segment Gross Margins. Data Source: Company Filings\nAlthough Q1’21’s gross margin was higher than recent historical trends, we should not expect this to carry on moving forward. The management pointed out clearly that the company is focusing its efforts to continue improving its robust ecosystem for its merchants such as developing the Shopify Fulfillment Network [SFN], as it expects that the merchant solutions segment to continue driving its revenue growth even if it means lesser gross margins moving forward.\nShopify Payments is the Key to Unlock the Benefits from GMV Growth\nDespite that, the company clarified that as Shopify Payments continue to see increased adoption and usage among its merchants, the company expects to see significant improvement to its SG&A efficiencies as Shopify Payments has a much lesser impact on SG&A margins, therefore leading to improvement on operating efficiencies as Shopify Payments scale up further.\nSHOP EBIT Margin, SG&A Margin, R&D Margin, Gross Margin. Data Source: S&P Capital IQ\nClearly, investors could see that despite posting a relatively high LTM gross margin profile in Q1’21: 53.5%, it has only recently turned LTM EBIT profitable (Q1’21: 10.5%), thanks to the company’s solid improvement with its operating efficiencies even though the gross margin profile has remained stable over time, even with the pulled forward growth from COVID-19 last year.\nWe could see a consistently declining LTM SG&A margin trend reaching 24.8% in Q1’21 from a high of 44.1% in Q4’16, signifying a huge improvement. Therefore, I’m confident that SHOP would continue to deliver improved operating efficiencies as it scales up its SFN to further strengthen its ecosystem, creating even more value and synergies for its merchants and their customers.\nSHOP’s GMV and GPV Analysis. Data Source: Company Filings\nSHOP’s GMV and GPV YoY Growth. Data Source: Company Filings\nWe could clearly see the increasingly important role of Shopify Payments for its merchants as more and more merchants are using Shopify Payments over time as GPV growth has outpaced GMV growth consistently, with Q1’21 reading coming in at 137% YoY growth and 114.4% YoY growth, respectively.\nSHOP GPV as a % of GMV. Data Source: Company Filings\nWith the increased adoption and usage of Shopify Payments, in Q1’21 GPV formed 46.4% of GMV, from a low of 37.5% of GMV just 3 years ago. I believe Shopify is moving in the right direction to continue driving more and more merchants towards Shopify Payments as it creates a powerful flywheel to unlock even more and more of the expected massive GMV growth moving forward.\nShopify MRR. Data Source: Company Filings\nShopify MRR YoY Growth. Data Source: Company Filings\nThe sustained improvement in GPV growth has come at an important juncture as SHOP had already been experiencing slower MRR growth pre-pandemic (from 36% in Q1’19 to 21% in Q2’20). Therefore, by strategically being able to monetize its merchants in other areas has helped to manage this slowdown, while at the same time opened up many new revenue opportunities for Merchant Solutions to help drive the company’s future growth.\nThe Importance of International Expansion\nShopify Revenue by Merchant Location. Data Source: Company Filings\nShopify Revenue by Merchant Location YoY Growth. Data Source: Company Filings\nAlthough U.S. merchants continue to be SHOP’s most important revenue driver (66.7% of FY 20 revenue), the company has also experienced rapid growth in other geographical markets, particularly in its Rest of World segment. As we can observe from the above chart, U.S. growth has already been trending down pre-pandemic, while Rest of World growth has continued to grow rapidly and consistently.\nAmazon Revenue Segments YoY Growth. Data Source: Company Filings\nWe also observed this from AMZN’s International segment growth where although it has been somewhat of a laggard in previous quarters, it has started to outpace North America’s growth for the last 2 quarters, culminating in Q1’21 YoY growth of 60.4% for the International segment against 39.5% for the North America segment.\nU.S. Retail e-commerce revenue 2017 to 2025. Data Source: Statista\nU.S. Retail e-commerce revenue YoY Growth. Data Source: Statista\nWe could see from the above why ramping up growth internationally is so important for Shopify to continue delivering its expected spectacular growth rates. Even though Shopify merchants sell internationally, the fact that the SFN currently serves only businesses whosell to U.S. customersindicates the significance of the U.S. consumers to Shopify’s ecommerce revenues. However, as the growth of U.S. retail e-commerce revenue is expected to slow down over time (from 8.7% YoY in 2021 to 2.7% YoY by 2025), companies like Shopify who rely on high growth to justify its valuation must either take market share away from its key competitors or look for growth outside of the United States.\nValue of Southeast Asia e-commerce market. Data Source: Google, Temasek Holdings, Bain & Company\nFor example, if we look across to Southeast Asia, and compare the growth rates of the Southeast Asian market (expected 5Y CAGR for 2020 to 2025: 22.6%) and the United States market (expected 5Y CAGR for 2020 to 2025: 3.73%), it’s easy to see which market will be the key driver of e-commerce growth in the near future. There’s no doubt that the U.S. market remains an extremely important market given its size, however much of the future growth will likely come from overseas markets. Therefore, it’s important that Shopify continues to drive growth across other geographical markets.\nLet's Bring in Sea Limited\nSea Limited & SHOP EBIT Margin, Gross Margin. Data Source: S&P Capital IQ\nIn order to look at Shopify’s growth opportunities in the Southeast Asian market, I thought it would be important to first consider the most important e-commerce player in that region: Sea Limited (SE), which I had previouslycovered in detail in an article hererecently.\nIt’s easy to see how SHOP’s more profitable business model on relying on subscriptions and merchant solutions drove a much higher EBIT margin as compared to SE’s online marketplace platform: Shopee, which is currently being supported by the company’s profitable Garena gaming segment.\nDespite that, Sea has still been able to drive significant revenue growth and operating efficiencies such that its EBIT margins have seen remarkable improvement.\nEBIT Margin Forecast. Data Source: S&P Capital IQ\nWhen we modelled SE and SHOP’s EBIT margins moving forward, we could see how both companies’ improving cost efficiencies, notably from the reduction in SG&A margins, would help both companies to continue improving their operating margins over time.\nSE and SHOP Projected Unlevered FCF Margin. Data Source: S&P Capital IQ\nThis is where their SE is expected to pull ahead. In modelling their FCF, SE is expected to generate so much FCF from its revenue growth and operating profits that the company looks increasingly like a massive cash flow machine moving forward. It’s not as if SHOP looks sloppy, but when compared to SE’s FCF margins, they certainly don’t look as impressive though.\nSE and SHOP Projected Revenue CAGR (5Y, 10Y), 10Y Projected Av. Unlevered FCF Margin, EV / FY+1 Rev. Data Source: S&P Capital IQ\nMore importantly, when we bring their current valuation levels into the picture (EV / FY+1 Rev), we could see that SE’s current valuation (16.3x) looks so much more attractive than SHOP’s (32.7x), while being able to convert that rapid revenue growth into higher FCF margins. It should also be noted that I have modelled both companies to continue their blockbuster performances: SE (5Y CAGR of 44.3%, 10Y CAGR of 26.7%), SHOP (5Y CAGR 41.4%, 10Y CAGR 32.3%).\nTherefore, for investors who would like a share of that rapid international growth in the Southeast Asian market coupled with a leading cash flow generating gaming segment, you should look no further than SE.\nMarket share of e-commerce software platforms in the U.S. in 2021 Data Source: Builtwith\nUnique visitors to the most popular online retailers in SEA in 2020. Data Source: iPrice Group, SimilarWeb, Marketing in Asia\nWhen we consider the competitive economics in the U.S. against Southeast Asia, it becomes very clear. Shopify faces strong competition within its software platform segment, without accounting for Amazon’s prowess as well. Even though I expect Shopify to continue its rapid expansion, I believe that it faces more intensive competitive threats than Sea Limited as the pie in the U.S. is expected to grow slower over time. SHOP needs almost perfect execution every quarter to justify its lofty valuations.\nAs compared to SE, it is clearly the dominant online marketplace now in Southeast Asia by a fairly large margin, and its prowess and scale is also growing, further stretching the distance from its competitors. Coupled with its ShopeePay payments platform, it also creates a flywheel effect similar to what Shopify Payments does for Shopify. The leadership in Southeast Asia is surely Sea’s to lose, and there’s so much potential growth that the company can capture in this region as the undisputed leader. When we consider Shopify’s valuations against SE’s it looks quite clear SE’s valuation looks more attractive now, with stronger market leadership and arguably higher potential growth.\nPrice Action and Technical Analysis\nSource: TradingView\nSHOP’s price action has been stuck somewhat in a large consolidation phase since Oct 20, with the bull trap set in Feb 21 at around the $1500 level. Support was found at around the $1000 level, with further support at around the $835 level for investors who wish to add further into SHOP. It’s important to note that despite SHOP’s lofty valuations, its long term uptrend bias has never been threatened, and I expect this to carry on moving forward.\nWrapping it all up\nAlthough Shopify is one of the most expensive high quality e-commerce stocks right now, it’s also expected to generate rapid growth ahead with its ever improving ecosystem for its merchants. Coupled with one of the strongest long term uptrend biases that I have seen for stocks (It didn’t lose its key support levels even during the COVID-19 bear market), I believe this puts SHOP in a strong position as a stock to add aggressively at the next big dip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112045687,"gmtCreate":1622830991449,"gmtModify":1704192108678,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Sellllllllllll","listText":"Sellllllllllll","text":"Sellllllllllll","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112045687","repostId":"1154529120","repostType":4,"repost":{"id":"1154529120","kind":"news","pubTimestamp":1622810459,"share":"https://ttm.financial/m/news/1154529120?lang=&edition=fundamental","pubTime":"2021-06-04 20:40","market":"hk","language":"en","title":"Can Alibaba Stock Hit $500? If You Got Time, Yes","url":"https://stock-news.laohu8.com/highlight/detail?id=1154529120","media":"seekingalpha","summary":"Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.I believe that there are both opportunities and risks, but would see the prior outweighing the latter.In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:. Alibaba Group'","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is a battleground stock where some see a lot of opportunities, while others see many risks.</li>\n <li>I believe that there are both opportunities and risks, but would see the prior outweighing the latter.</li>\n <li>In the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567d19950e6c8789ce2192b4503f0fa5\" tg-width=\"1536\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><span>Photo by efetova/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>Alibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.</p>\n<p><b>BABA Stock Price</b></p>\n<p>Since its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8079eeb5384ea003fb3725d3cd1e877f\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Shares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a&nbsp;revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.</p>\n<p>Alibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and&nbsp;fears about regulation.</p>\n<p>At its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.</p>\n<p><b>Can Alibaba Stock Hit $500?</b></p>\n<p>The answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.</p>\n<p><i>- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.</i></p>\n<p><i>- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.</i></p>\n<p><i>- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.</i></p>\n<p>We see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd2d42b7094deb394266d6410287c2e4\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p>\n<p>At 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.</p>\n<p>I still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.</p>\n<p>If we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fcf78e0b071eff9753afbdcd96f751c\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p>\n<p>If analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b4c351b4b5eb3328191ccaa9a3b776c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Analysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.</p>\n<p>We can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.</p>\n<p>So, to sum this section up, I'd say<i>yes, BABA can hit $500</i>-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.</p>\n<p><b>Is Alibaba Stock A Buy Or Sell Now?</b></p>\n<p>Alibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.</p>\n<p>For those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.</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>Can Alibaba Stock Hit $500? If You Got Time, Yes</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\">\nCan Alibaba Stock Hit $500? If You Got Time, Yes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 20:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432992-alibaba-stock-hit-500><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432992-alibaba-stock-hit-500\">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/4432992-alibaba-stock-hit-500","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154529120","content_text":"Summary\n\nAlibaba is a battleground stock where some see a lot of opportunities, while others see many risks.\nI believe that there are both opportunities and risks, but would see the prior outweighing the latter.\nIn the long run, BABA has a chance of delivering strong gains for those that buy at the current, quite low, valuation.\n\nPhoto by efetova/iStock via Getty Images\nArticle Thesis\nAlibaba Group (BABA) is a leading global high-tech name that continues to generate attractive growth and that offers investors exposure to the high-growth Chinese consumer market. At the same time, through a range of ventures, Alibaba is also active in additional industries, such as cloud computing. Shares have declined considerably over the last couple of months, but I believe that the long-term potential is significant. I would not be surprised to see shares rise towards $500, although that will not happen in the near term.\nBABA Stock Price\nSince its IPO, Alibaba has seen strong share price gains, but it should also be mentioned that shares did peek in H2 2020, and have declined considerably since then:\nData byYCharts\nShares are now basically where they were one year ago, as the gains during summer 2020 have been erased when Ant Financial's IPO plans were stopped. The flat share price performance over the last year is somewhat surprising, though, as Alibaba continued to generate strong results in that time frame. During the last quarter, for example, Alibaba showcased a revenue growth rate of 64%, while revenue growth during the previous quarter was also very strong, at around 50%. This is not the only positive in Alibaba's earnings releases, however. The company also managed to grow its user count by 32 million during the most recent quarter alone, which equates to an annualized user growth rate of around 20%. This bodes well for future quarters, as more users on Alibaba's platform should translate into higher revenues. On top of that, the strong user growth shows that there is still growing demand for the shopping services that Alibaba's platforms offer -- the market is not saturated at all. Alibaba also managed to grow its EBITDA by 25% year over year, which is an attractive growth pace as well, and which was achieved despite growing investments in what management calls key growth areas. Income from operations, meanwhile, grew at an even faster pace, thanks to some operating leverage, rising by 48% year over year when adjusted for the fine that Alibaba had to pay during Q1. It makes, I believe, sense to back out this one-time item to get a clearer picture about Alibaba's underlying, \"core\" profitability during an average quarter.\nAlibaba Group's weak share price performance, relative to the broad market and other tech names, is thus not the result of weak operating performance, but rather a result of multiple compression, driven by weak investor sentiment due to China exposure and fears about regulation.\nAt its current price of $220, BABA trades at a quite large discount compared to the current consensus analyst price target of $298. If Alibaba were to hit that, shares would gain 35%. Analyst price targets are usually issued with a 1-year time frame, thus, if the analyst community is correct, Alibaba could be a great investment. From a valuation standpoint, this price target doesn't seem outrageous at all, as $298 would equate to around 29x this year's expected net profits, or 23x next year's net earnings. The latter is likely the more telling one when we talk about a price target for summer 2022, i.e. 1 year from now.\nCan Alibaba Stock Hit $500?\nThe answer to that question, I think, depends on your time frame. If you are looking at a 12-month window, then Alibaba will most likely not be able to hit $500. The ~$300 price target seems achievable, although that is, of course, also not guaranteed. If, however, we take a longer-term view, then $500 seems like a share price that BABA could hit eventually. Let's look at a couple of examples.\n- If Alibaba were to generate earnings per share of $20 at some point and traded at an earnings multiple of 25, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $25 and traded at a 20x earnings multiple, then shares would trade at $500.\n- If Alibaba were to generate earnings per share of $17 and traded at 29x its net profits, then shares would trade at (marginally below) $500.\nWe see that there are many scenarios that could get us to a $500 share price for BABA, some of them more likely than others. Of course, the higher your target multiple, the lower the earnings that would be required. This, in turn, means that the price target can be hit sooner, as less cumulative earnings growth would be required. When we take a look at how Alibaba was valued in the past, we see that the longer-term median earnings multiples for BABA look like this:\nData byYCharts\nAt 30-40x net earnings, Alibaba was clearly trading at a massive premium relative to how shares are valued today (around 20x this year's earnings). I think that the current valuation is too low, but on the other hand, I do not expect Alibaba to trade at 30, 35, or even 40x net profits in coming years. Due to the growing scale of Alibaba, which makes it a little harder to maintain its excellent growth in coming years, shares will likely trade at a lower valuation in coming years, compared to how they were valued in the past.\nI still think that shares do have some valuation expansion potential from the current earnings multiple of around 21, thus let's assume that shares trade at 23x net profits in the future. This would still represent a massive discount versus the historic valuation, and also a substantial discount compared to how US-based high-tech mega-caps are valued -- Amazon (AMZN), for example, trades at 59x this year's earnings.\nIf we want to get to a $500 share price for BABA using a 23x earnings multiple, then we get to earnings per share of $21.70 that Alibaba must generate. When could this be the case? In the following chart, we see EPS estimates for the current year, next year (CY 2022), and CY 2023:\nData byYCharts\nIf analysts are right, Alibaba will not get to earn $22 a share through 2023, and I think that is realistic. I do not see earnings per share rising by 100%+ between this year and 2023, either. From 2023, it would take another 43% increase in Alibaba's earnings per share to get to $21.70, which is our \"target EPS\" for a $500 share price.\nData byYCharts\nAnalysts are currently forecasting long-term EPS growth of around 27%, which would mean it would take Alibaba about 1.5 years to grow its EPS from $15.20 (2023 estimate) to our target of $21.70. Even if we assume that this is too optimistic and that growth will be just 20% in 2024 and 2025, EPS of $21.70 could be hit by the end of 2025. So, in other words, if Alibaba grows a little less than what analysts are forecasting right now, Alibaba could trade at $500 by the end of 2025 -- or 4.5 years from now. Note that this scenario does not require a high earnings multiple at all -- at 23x net profits, Alibaba wouldn't be expensive, I believe.\nWe can get even more conservative and assume that the 2023 EPS estimate is 10% too high and that EPS will grow by just 17% a year in the years beyond 2023 (versus a long-term forecast of 27% a year by the analyst community). In that case, Alibaba would hit $21.70 in earnings per share in 2026, and shares would rise to $500 over the next 5.5 years. Even in this scenario, BABA wouldn't be a bad investment at all -- a 130% share price increase from the current level over the next 5.5 years would equate to annualized returns of 16%.\nSo, to sum this section up, I'd sayyes, BABA can hit $500-- but it will realistically take a couple of years. By the mid-2020s, this seems like a very achievable goal to me, although there are, of course, no guarantees.\nIs Alibaba Stock A Buy Or Sell Now?\nAlibaba Group is, I believe, a strong investment. The company generates strong growth, profits from multiple long-term macro trends, such as growing consumer spending in China, growing e-commerce market share, and cloud computing. There are, however, risks to consider: Alibaba is highly China-dependent, and in case the economic growth story in China ends, Alibaba would be hurt a lot. On top of that, Alibaba could be targeted again by regulators, although I personally think that it is not in China's best interest to hurt one of its highest-growth tech companies.\nFor those that worry about these risks, Alibaba may not be the right choice, but for those that see Alibaba as a potentially very rewarding play on Chinese consumers, BABA could be a strong pick in a diversified portfolio. I belong to the latter group and thus rate the stock a buy at current valuations, expecting significant upside over the coming years. Depending on your risk tolerance and how you weigh the opportunities and threats of investing in Chinese companies, you may decide differently, however.","news_type":1},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":113702079,"gmtCreate":1622638214191,"gmtModify":1704187801171,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>$100 by end of the week!!!!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>$100 by end of the week!!!!!","text":"$AMC Entertainment(AMC)$$100 by end of the week!!!!!","images":[{"img":"https://static.tigerbbs.com/284327883f499e5c15c340c67b25a79d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113702079","isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3560005076175829","authorId":"3560005076175829","name":"赛亚老人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"idStr":"3560005076175829","authorIdStr":"3560005076175829"},"content":"Nice, burn all the shortist","text":"Nice, burn all the shortist","html":"Nice, burn all the shortist"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":109523669,"gmtCreate":1619705915251,"gmtModify":1704728373059,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>I am waiting...$5","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>I am waiting...$5","text":"$Mind Medicine (MindMed) Inc.(MNMD)$I am waiting...$5","images":[{"img":"https://static.tigerbbs.com/fa4ae54467f74fc4dc371a6712e54886","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/109523669","isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"content":"Before the week ends I want to cash out a big bag of cash. [Happy]","text":"Before the week ends I want to cash out a big bag of cash. [Happy]","html":"Before the week ends I want to cash out a big bag of cash. [Happy]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":111359182,"gmtCreate":1622654256846,"gmtModify":1704188297372,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>loving This!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>loving This!","text":"$AMC Entertainment(AMC)$loving This!","images":[{"img":"https://static.tigerbbs.com/a3632bcdc4938374a434c8f8b30cb6dd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111359182","isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":196068264,"gmtCreate":1621000202758,"gmtModify":1704351776155,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Good job","listText":"Good job","text":"Good job","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196068264","repostId":"2135710626","repostType":4,"repost":{"id":"2135710626","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":1620982380,"share":"https://ttm.financial/m/news/2135710626?lang=&edition=fundamental","pubTime":"2021-05-14 16:53","market":"hk","language":"en","title":"Early Tesla backer and top fund manager attacks Warren Buffett's strategy. Here's his investing advice.","url":"https://stock-news.laohu8.com/highlight/detail?id=2135710626","media":"Dow Jones","summary":"James Anderson says to forget value investing and be ready for stomach-churning swings in stock prices. One of the U.K.'s top fund managers and a trailblazing technology investor has criticized value investing and the obsession with short-term metrics, in a departing letter on Thursday. He said his greatest regret was not making bigger and bolder bets.Listen to experts and have faith in the forces of change, despite severe swings in stock prices, James Anderson said in his report with the annual","content":"<p>James Anderson says to forget value investing and be ready for stomach-churning swings in stock prices</p><p>One of the U.K.'s top fund managers and a trailblazing technology investor has criticized value investing and the obsession with short-term metrics, in a departing letter on Thursday. He said his greatest regret was not making bigger and bolder bets.</p><p>Listen to experts and have faith in the forces of change, despite severe swings in stock prices, James Anderson said in his report with the annual results of Scottish Mortgage Investment Trust .</p><p>Anderson will retire as a partner in asset manager Bailie Gifford and as joint manager of its Scottish Mortgage fund next April. The fund -- a FTSE 100 constituent with a market cap of more than GBP15 billion ($21 billion) -- has enjoyed remarkable gains over its history, marked by big, early bets on technology companies including online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, Chinese internet giant Tencent , and electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which the fund bought into in 2014.</p><p>Shares in Scottish Mortgage have fallen 9% so far in 2021, but the fund remains up near 60% in the past year.</p><p>In a letter to shareholders, Anderson called the world of conventional asset management \"irretrievably broken,\" and took aim at \"value investing,\" the strategy famously espoused by investors like Ben Graham and Warren Buffett.</p><p>\"The only rhyme is that in the long run the value of stocks is the long-run free cash flows they generate but we have but the barest and most nebulous clues as to what these cash flows will turn out to be,\" Anderson said. \"But woe betide those who think that a near-term price to earnings ratio defines value in an era of deep change.\"</p><p>Since the emergence of digital technologies, \"sustained growth at extreme pace and with increasing returns to scale\" has become more evident, Anderson said. He pointed to tech giant Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, which continues to grow after 35 years as a public company.</p><p>\"Distraction through seeking minor opportunities in banal companies over short periods is the perennial temptation. It must be resisted,\" Anderson said.</p><p>He described how the classic and careful investing approach of choosing a level of risk and return along a bell curve is flawed. It \"is neither accepting the deep uncertainty of the world nor acknowledging that the skew of returns is so extreme that it is the search for companies with the characteristics that might enable extreme and compounding success that is central to investing,\" he said.</p><p>But faith is required in investing in high-growth opportunities, Anderson stressed, because share-price crashes happen regularly and are severe. \"The stock charts that look like remorseless bottom left to top right graphs are never as smooth and easy as they subsequently appear,\" he said.</p><p>The fund manager also took a swipe at investors' obsession with short-term metrics -- what he called \"the near pornographic allure of news such as earnings announcements and macroeconomic headlines.\"</p><p>Instead of following \"brokers and the media,\" Anderson advised listening to experts and scientists. Following expert advice on the advances in battery technology was behind Baillie Gifford's decision to invest in Tesla early, he said. At the time, Tesla was the only substantial Western player in electric vehicles, which the fund saw as an inevitable successor to conventional cars powered by internal combustion engines.</p><p>Anderson also acknowledged the difficulties of measuring the value and profitability of future-focused endeavors. He cited Tesla's ambitions in autonomous vehicles, which the fund views as possibly transformative for the economics of the company -- despite not having any idea how successful it will be.</p><p>\"To us it is bizarre that brokers, hedge fund mavens and commentators can claim to be able to decipher the future and assign a precise numerical target to the value of Tesla,\" he said.</p><p>In his final annual results at Scottish Mortgage, Anderson pointed to renewable energy, synthetic biology, and the changing landscape in healthcare innovation as among the revolutionary forces ahead in the market.</p><p>Describing what makes for a great investment, he cited Amazon and its founder Jeff Bezos as a model. \"The company should have open-ended growth opportunities that they should work hard never to define or time,\" he said, alongside \"initial leadership that thinks like a founder (and almost always is <a href=\"https://laohu8.com/S/AONE\">one</a>)\" as well as a distinctive philosophy of business.</p><p>Today, Scottish Mortgage's top 10 holdings, in order of portfolio weight, are Tencent, biotechnology-equipment group <a href=\"https://laohu8.com/S/ILMN\">Illumina</a> (ILMN), Dutch semiconductor industry supplier ASML (ASML.AE), Amazon, Tesla, Chinese e-commerce giant Alibaba <a href=\"https://laohu8.com/S/09988\">$(09988)$</a>, Chinese local services platform Meituan Dianping , U.S. biotech group Moderna <a href=\"https://laohu8.com/S/MRNA\">$(MRNA)$</a>, Chinese EV player NIO <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, and European food-delivery group Delivery Hero.</p><p>\"There's much that I have misunderstood and misjudged over the two decades,\" Anderson said, urging those that follow him to be eccentric, and to place trust in unreasonable people and propositions. \"My ever-growing conviction is that my greatest failing has been to be insufficiently radical.\"</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>Early Tesla backer and top fund manager attacks Warren Buffett's strategy. Here's his investing advice.</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\">\nEarly Tesla backer and top fund manager attacks Warren Buffett's strategy. Here's his investing advice.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-14 16:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>James Anderson says to forget value investing and be ready for stomach-churning swings in stock prices</p><p>One of the U.K.'s top fund managers and a trailblazing technology investor has criticized value investing and the obsession with short-term metrics, in a departing letter on Thursday. He said his greatest regret was not making bigger and bolder bets.</p><p>Listen to experts and have faith in the forces of change, despite severe swings in stock prices, James Anderson said in his report with the annual results of Scottish Mortgage Investment Trust .</p><p>Anderson will retire as a partner in asset manager Bailie Gifford and as joint manager of its Scottish Mortgage fund next April. The fund -- a FTSE 100 constituent with a market cap of more than GBP15 billion ($21 billion) -- has enjoyed remarkable gains over its history, marked by big, early bets on technology companies including online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, Chinese internet giant Tencent , and electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which the fund bought into in 2014.</p><p>Shares in Scottish Mortgage have fallen 9% so far in 2021, but the fund remains up near 60% in the past year.</p><p>In a letter to shareholders, Anderson called the world of conventional asset management \"irretrievably broken,\" and took aim at \"value investing,\" the strategy famously espoused by investors like Ben Graham and Warren Buffett.</p><p>\"The only rhyme is that in the long run the value of stocks is the long-run free cash flows they generate but we have but the barest and most nebulous clues as to what these cash flows will turn out to be,\" Anderson said. \"But woe betide those who think that a near-term price to earnings ratio defines value in an era of deep change.\"</p><p>Since the emergence of digital technologies, \"sustained growth at extreme pace and with increasing returns to scale\" has become more evident, Anderson said. He pointed to tech giant Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, which continues to grow after 35 years as a public company.</p><p>\"Distraction through seeking minor opportunities in banal companies over short periods is the perennial temptation. It must be resisted,\" Anderson said.</p><p>He described how the classic and careful investing approach of choosing a level of risk and return along a bell curve is flawed. It \"is neither accepting the deep uncertainty of the world nor acknowledging that the skew of returns is so extreme that it is the search for companies with the characteristics that might enable extreme and compounding success that is central to investing,\" he said.</p><p>But faith is required in investing in high-growth opportunities, Anderson stressed, because share-price crashes happen regularly and are severe. \"The stock charts that look like remorseless bottom left to top right graphs are never as smooth and easy as they subsequently appear,\" he said.</p><p>The fund manager also took a swipe at investors' obsession with short-term metrics -- what he called \"the near pornographic allure of news such as earnings announcements and macroeconomic headlines.\"</p><p>Instead of following \"brokers and the media,\" Anderson advised listening to experts and scientists. Following expert advice on the advances in battery technology was behind Baillie Gifford's decision to invest in Tesla early, he said. At the time, Tesla was the only substantial Western player in electric vehicles, which the fund saw as an inevitable successor to conventional cars powered by internal combustion engines.</p><p>Anderson also acknowledged the difficulties of measuring the value and profitability of future-focused endeavors. He cited Tesla's ambitions in autonomous vehicles, which the fund views as possibly transformative for the economics of the company -- despite not having any idea how successful it will be.</p><p>\"To us it is bizarre that brokers, hedge fund mavens and commentators can claim to be able to decipher the future and assign a precise numerical target to the value of Tesla,\" he said.</p><p>In his final annual results at Scottish Mortgage, Anderson pointed to renewable energy, synthetic biology, and the changing landscape in healthcare innovation as among the revolutionary forces ahead in the market.</p><p>Describing what makes for a great investment, he cited Amazon and its founder Jeff Bezos as a model. \"The company should have open-ended growth opportunities that they should work hard never to define or time,\" he said, alongside \"initial leadership that thinks like a founder (and almost always is <a href=\"https://laohu8.com/S/AONE\">one</a>)\" as well as a distinctive philosophy of business.</p><p>Today, Scottish Mortgage's top 10 holdings, in order of portfolio weight, are Tencent, biotechnology-equipment group <a href=\"https://laohu8.com/S/ILMN\">Illumina</a> (ILMN), Dutch semiconductor industry supplier ASML (ASML.AE), Amazon, Tesla, Chinese e-commerce giant Alibaba <a href=\"https://laohu8.com/S/09988\">$(09988)$</a>, Chinese local services platform Meituan Dianping , U.S. biotech group Moderna <a href=\"https://laohu8.com/S/MRNA\">$(MRNA)$</a>, Chinese EV player NIO <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, and European food-delivery group Delivery Hero.</p><p>\"There's much that I have misunderstood and misjudged over the two decades,\" Anderson said, urging those that follow him to be eccentric, and to place trust in unreasonable people and propositions. \"My ever-growing conviction is that my greatest failing has been to be insufficiently radical.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","TSLA":"特斯拉",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index","BRK.A":"伯克希尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135710626","content_text":"James Anderson says to forget value investing and be ready for stomach-churning swings in stock pricesOne of the U.K.'s top fund managers and a trailblazing technology investor has criticized value investing and the obsession with short-term metrics, in a departing letter on Thursday. He said his greatest regret was not making bigger and bolder bets.Listen to experts and have faith in the forces of change, despite severe swings in stock prices, James Anderson said in his report with the annual results of Scottish Mortgage Investment Trust .Anderson will retire as a partner in asset manager Bailie Gifford and as joint manager of its Scottish Mortgage fund next April. The fund -- a FTSE 100 constituent with a market cap of more than GBP15 billion ($21 billion) -- has enjoyed remarkable gains over its history, marked by big, early bets on technology companies including online retailer Amazon $(AMZN)$, Chinese internet giant Tencent , and electric-car maker Tesla $(TSLA)$, which the fund bought into in 2014.Shares in Scottish Mortgage have fallen 9% so far in 2021, but the fund remains up near 60% in the past year.In a letter to shareholders, Anderson called the world of conventional asset management \"irretrievably broken,\" and took aim at \"value investing,\" the strategy famously espoused by investors like Ben Graham and Warren Buffett.\"The only rhyme is that in the long run the value of stocks is the long-run free cash flows they generate but we have but the barest and most nebulous clues as to what these cash flows will turn out to be,\" Anderson said. \"But woe betide those who think that a near-term price to earnings ratio defines value in an era of deep change.\"Since the emergence of digital technologies, \"sustained growth at extreme pace and with increasing returns to scale\" has become more evident, Anderson said. He pointed to tech giant Microsoft $(MSFT)$, which continues to grow after 35 years as a public company.\"Distraction through seeking minor opportunities in banal companies over short periods is the perennial temptation. It must be resisted,\" Anderson said.He described how the classic and careful investing approach of choosing a level of risk and return along a bell curve is flawed. It \"is neither accepting the deep uncertainty of the world nor acknowledging that the skew of returns is so extreme that it is the search for companies with the characteristics that might enable extreme and compounding success that is central to investing,\" he said.But faith is required in investing in high-growth opportunities, Anderson stressed, because share-price crashes happen regularly and are severe. \"The stock charts that look like remorseless bottom left to top right graphs are never as smooth and easy as they subsequently appear,\" he said.The fund manager also took a swipe at investors' obsession with short-term metrics -- what he called \"the near pornographic allure of news such as earnings announcements and macroeconomic headlines.\"Instead of following \"brokers and the media,\" Anderson advised listening to experts and scientists. Following expert advice on the advances in battery technology was behind Baillie Gifford's decision to invest in Tesla early, he said. At the time, Tesla was the only substantial Western player in electric vehicles, which the fund saw as an inevitable successor to conventional cars powered by internal combustion engines.Anderson also acknowledged the difficulties of measuring the value and profitability of future-focused endeavors. He cited Tesla's ambitions in autonomous vehicles, which the fund views as possibly transformative for the economics of the company -- despite not having any idea how successful it will be.\"To us it is bizarre that brokers, hedge fund mavens and commentators can claim to be able to decipher the future and assign a precise numerical target to the value of Tesla,\" he said.In his final annual results at Scottish Mortgage, Anderson pointed to renewable energy, synthetic biology, and the changing landscape in healthcare innovation as among the revolutionary forces ahead in the market.Describing what makes for a great investment, he cited Amazon and its founder Jeff Bezos as a model. \"The company should have open-ended growth opportunities that they should work hard never to define or time,\" he said, alongside \"initial leadership that thinks like a founder (and almost always is one)\" as well as a distinctive philosophy of business.Today, Scottish Mortgage's top 10 holdings, in order of portfolio weight, are Tencent, biotechnology-equipment group Illumina (ILMN), Dutch semiconductor industry supplier ASML (ASML.AE), Amazon, Tesla, Chinese e-commerce giant Alibaba $(09988)$, Chinese local services platform Meituan Dianping , U.S. biotech group Moderna $(MRNA)$, Chinese EV player NIO $(NIO)$, and European food-delivery group Delivery Hero.\"There's much that I have misunderstood and misjudged over the two decades,\" Anderson said, urging those that follow him to be eccentric, and to place trust in unreasonable people and propositions. \"My ever-growing conviction is that my greatest failing has been to be insufficiently radical.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811707760,"gmtCreate":1630342797450,"gmtModify":1676530276485,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>u p to 40","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>u p to 40","text":"$NIO Inc.(NIO)$u p to 40","images":[{"img":"https://static.tigerbbs.com/8c43a072dea71be2043a4f2c0e6676cd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811707760","isVote":1,"tweetType":1,"viewCount":929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":114530573,"gmtCreate":1623078783392,"gmtModify":1704195689814,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>moon moon moon","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>moon moon moon","text":"$AMC Entertainment(AMC)$moon moon moon","images":[{"img":"https://static.tigerbbs.com/dfa30f8f73d1fd3f026dbf04cfa13f34","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114530573","isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":132002498,"gmtCreate":1622042821314,"gmtModify":1704178452184,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Better be good","listText":"Better be good","text":"Better be good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132002498","repostId":"1107926084","repostType":4,"repost":{"id":"1107926084","kind":"news","pubTimestamp":1622042301,"share":"https://ttm.financial/m/news/1107926084?lang=&edition=fundamental","pubTime":"2021-05-26 23:18","market":"us","language":"en","title":"June Outlook: Inflation, Jobs, And The Fed Take Center Stage In Month Ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1107926084","media":"benzinga","summary":"A lot’s happening in June, but the most intense focus could be on a single event the afternoon of Ju","content":"<p>A lot’s happening in June, but the most intense focus could be on a single event the afternoon of June 16.</p><p>That’s when the&nbsp;Federal Open Market Committee&nbsp;(FOMC) wraps up its June meeting and Fed Chairman Jerome Powell addresses reporters. While a Powell press conference is important whenever it happens, this one has more significance than usual because of what the Fed said at its April meeting.</p><p>Minutes from that gathering raised the chance of the Fed beginning to plan some sort of “taper” if the economy keeps galloping along. Remember, the Fed’s been snapping up $120 billion in Treasury bonds and mortgage-backed securities each month to provide liquidity and keep rates low during the pandemic, but has said it will begin “tapering,” or slowing the pace of those purchases, if certain employment parameters are met. Chances of a taper happening in the relatively near future suddenly appeared more likely based on the following words in the April minutes:</p><p>“A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases.”</p><p>That statement appeared to surprise some analysts. They hadn’t expected the FOMC to publicly ponder actual tapering until possibly later this year. Those words, along with a string of robust economic data and earnings numbers, might have investors on tenterhooks waiting to hear the Fed’s fresh thinking on June 16. Will it give any hint of how long it’s willing to let things continue rolling full steam ahead? Just how worried are Powell and company about rising prices?</p><p>Any sign that the Fed is ready to taper earlier than expected could cause Treasury yields to rise and potentially put pressure on the stock market.</p><p>As The Fed Turns...</p><p>It’s hard to blame Fed officials for wondering if the economy might be on the verge of overheating. After all, Q1 gross domestic product (GDP) grew more than 6%, the highest in decades. Layoffs appear to be trending much lower, if weekly initial jobless claims are correct, and many companies said during Q1 earnings season that they’re having supply chain issues even while paying more for the raw materials they need. This raises concerns about producer&nbsp;inflation&nbsp;making its way to consumers.</p><p>The final straw might have been April’s consumer price index (CPI), which showed more than 4% year-over-year growth, the highest in a decade. Core month-over-month CPI saw its sharpest rise since April 1982, when President Reagan was serving his first term and Powell was a recent law school graduate.</p><p>Though the Fed didn’t have all of this data in hand when it met in late April, the signs were already pointing toward major economic growth and price pressure, putting the Fed between the proverbial rock and a hard place.</p><p>Powell has emphasized the importance of getting millions back to work, with unemployment still around 6% more than a year after the pandemic began. Earlier this year, the Fed made it very clear it would tolerate inflation above its 2% long-term target until employment got back on track, but this risks the chance of price pressure hurting consumers and companies. Corporate margins look very positive right now coming off huge Q1 earnings growth, but inflation over coming months could change that, perhaps resulting in pressure on stocks.</p><p>There could be more Fed remarks in the next week or two, but then the pre-meeting silent period begins and June 16 looms. Powell is almost certainly going to face questions about those April meeting minutes.</p><p>Tug-Of-War Persists Between Growth And Value</p><p>All this focus on the Fed turns attention to the benchmark 10-year Treasury yield, a major metric for economic growth, inflation, and interest rate anticipation. It rallied from near historic lows of around 0.95% at the start of the year to a late-March high of 1.78% as the economy improved and inflation fears gathered. It then pulled back and hung around near 1.6% for a couple of months, trading at 1.61% as of late May.</p><p>Anywhere above 1.75% might look interesting now, and 2% might spark some fear in the market. The rally in yields earlier this year really helped snuff out the Info Tech rally, since many of those stocks are priced in part based on anticipation of future growth, something higher borrowing costs might compress.</p><p>That helped lead to the current tug-of-war between value sectors like Financials and Energy that tend to do better in a recovering economy where inflation is rising and Growth ones like Tech that outperformed during the shutdowns of 2020. The battle has raged most of the last two months, though there are now signs of at least some investors beginning to bifurcate Tech between the huge, mature companies like&nbsp;<b>Apple</b>AAPL 0.09%and&nbsp;<b>Microsoft</b>MSFT 0.05%and smaller firms more dependent on keeping future growth paths skyrocketing. The AAPLs and MSFTs of the world have often led the broader market higher the last few years, and could be less vulnerable then smaller Tech firms if interest rates do start to rise.</p><p><img src=\"https://static.tigerbbs.com/feb0c06151e4a6b134b2691ef5949530\" tg-width=\"960\" tg-height=\"509\" referrerpolicy=\"no-referrer\"></p><p><b>FIGURE 1:&nbsp; MAY MALAISE.</b>After a strong start to 2021, the S&amp;P 500 Index (SPX—candlestick) had some struggles in May amid inflation worries. The Nasdaq 100 (NDX—purple line) has had a much more checkered year as some investors favored value over growth sectors, and continued to be weak heading into June. Data Sources: S&amp;P Dow Jones Indices, Nasdaq. Chart source: The&nbsp;thinkorswim® platform.&nbsp;<i>For illustrative purposes only. Past performance does not guarantee future results.</i></p><p>But we may be putting the cart ahead of the horse, so to speak. The April jobs growth number of 266,000 was way, way below Wall Street’s expectations for more than 700,000 and some bullish predictions of a million. That puts focus squarely on the May jobs growth number, due June 4. Another weak jobs reading for May might take some pressure off of the Fed and rates, with “bad news” possibly becoming “good news” for stocks, so to speak.</p><p>Remember that different U.S. states were in different reopening modes in April, which may have affected that number. It’s possible some of the earlier job growth won’t show up until May, or the April number could be revised upward once things become clearer. A lot of what Powell says and does on June 16 will likely reflect the jobs report, along with inflation data like the May 28 personal consumption expenditure (PCE) prices, which the Fed is known to follow closely.</p><p>The May CPI report on June 10 is another key one to watch next month when it comes to inflation. The Fed will have all that material in hand by the time it meets, giving it a clearer perspective.</p><p>Homebuilders, “Stay-At-Home” Stocks Among June Earnings Reports</p><p>That’s a mouthful about the Fed, inflation, jobs, and yields. What about the corporate world?</p><p>As we emerge from a Q1 earnings season where the average S&amp;P 500 company recorded earnings per share growth of nearly 52%, according to Factset, you might think earnings aren’t a big calendar item in June. That’s only partially true. While we won’t see a big crush of earnings reports, there are some key ones to watch, especially in the home building sector where both&nbsp;<b>Lennar</b>&nbsp;and&nbsp;<b>KB Home</b>&nbsp;are expected to report during the month.</p><p>The housing market has been red hot, so a couple of April data points that missed analysts’ expectations (existing home sales and housing starts) might not be too big a deal. Having said that, the economy’s reopening could take peoples’ attention away from home buying and give strength to companies that focus on experiences rather than products. It’s possible some of the strength in housing and home improvement got pulled forward by the pandemic, just as we saw demand for internet conferences and home exercise equipment pulled forward. Keep an eye on what LEN and KBH say about demand when they report.</p><p><b>Zoom Video</b>&nbsp;,<b>&nbsp;Kroger</b>&nbsp;,&nbsp;<b>Chewy</b>&nbsp;, and&nbsp;<b>Slack</b>&nbsp;are some other companies whose businesses saw a big impact from Covid and release earnings in June. Most of them benefitted from people staying at home, questions remain over how much of their recent growth in sales has been sustainable vs. “demand pulled forward.” Many of their shares have lost ground and investors are eager to hear how they plan to keep the fizz bubbling post-Covid. Meanwhile, Tech earnings are a bit scarce in the month ahead, but&nbsp;<b>Oracle</b>&nbsp;is expected to be on the June release calendar.</p><p>Keeping Watch on Crypto, Volatility</p><p>Like it or not, cryptocurrency could also help determine the market’s direction in June. It seemed like bitcoin set some of the momentum in late May, though that’s not a permanent indicator by any stretch of the imagination. However, when the news flow gets quiet and people start looking for indicators on how to trade, bitcoin and other cryptocurrencies have been something many investors watch. The question is whether the stock market is starting to divorce itself more from cryptocurrency after huge swings in bitcoin prices recently.</p><p>Volatility is another metric to watch. The&nbsp;<b>Cboe Volatility Index</b>(VIX) hung around near 20 in late May after a month where it seldom went below 18 or above 25. VIX typically spends a long time trading in specific ranges, so the next thing to check is whether the current range holds or if it steps up or down. A move higher in volatility, especially any prolonged stays above 25, would presumably reflect mounting investor uncertainty and worries about what’s ahead. If VIX falls below 20 and stays there awhile, it could point to a quiet summer.</p><p>We haven’t mentioned Covid so far except in passing. That’s a good thing, because it means it’s not front and center the way it once was. As of late May, the U.S. seemed to be on very good footing thanks to vaccinations, with case counts falling to the lowest daily levels in nearly a year. No one knows if this will continue, but we can be hopeful.</p><p>We can also hope that the current devastating impact of Covid in parts of Asia slows down in the month ahead. Right now, it appears that the situation there might be putting a bit of pressure on the blazing commodity markets amid worries about overseas demand for products like crude and copper. China also tried to clamp down on commodity prices in late May, saying it will move to reduce speculation.</p><p>We started with inflation, so might as well end with it. The commodities market is another aspect of pricing pressure, especially for companies in the Materials, Information Technology, Transport, and Industrial sectors. Costs rose sharply so far this year for many of the core products they use, but if commodities continue to level off or even fall in June, that could relieve some of the pressure on companies and the Fed. Whether that happens could be determined by progress against the pandemic the next few weeks in places like India, Japan, and South Korea.</p>","source":"lsy1606299360108","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>June Outlook: Inflation, Jobs, And The Fed Take Center Stage In Month Ahead</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\">\nJune Outlook: Inflation, Jobs, And The Fed Take Center Stage In Month Ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/21/05/21300753/june-outlook-inflation-jobs-and-the-fed-take-center-stage-in-month-ahead><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A lot’s happening in June, but the most intense focus could be on a single event the afternoon of June 16.That’s when the Federal Open Market Committee (FOMC) wraps up its June meeting and Fed ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/05/21300753/june-outlook-inflation-jobs-and-the-fed-take-center-stage-in-month-ahead\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/earnings/21/05/21300753/june-outlook-inflation-jobs-and-the-fed-take-center-stage-in-month-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107926084","content_text":"A lot’s happening in June, but the most intense focus could be on a single event the afternoon of June 16.That’s when the Federal Open Market Committee (FOMC) wraps up its June meeting and Fed Chairman Jerome Powell addresses reporters. While a Powell press conference is important whenever it happens, this one has more significance than usual because of what the Fed said at its April meeting.Minutes from that gathering raised the chance of the Fed beginning to plan some sort of “taper” if the economy keeps galloping along. Remember, the Fed’s been snapping up $120 billion in Treasury bonds and mortgage-backed securities each month to provide liquidity and keep rates low during the pandemic, but has said it will begin “tapering,” or slowing the pace of those purchases, if certain employment parameters are met. Chances of a taper happening in the relatively near future suddenly appeared more likely based on the following words in the April minutes:“A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases.”That statement appeared to surprise some analysts. They hadn’t expected the FOMC to publicly ponder actual tapering until possibly later this year. Those words, along with a string of robust economic data and earnings numbers, might have investors on tenterhooks waiting to hear the Fed’s fresh thinking on June 16. Will it give any hint of how long it’s willing to let things continue rolling full steam ahead? Just how worried are Powell and company about rising prices?Any sign that the Fed is ready to taper earlier than expected could cause Treasury yields to rise and potentially put pressure on the stock market.As The Fed Turns...It’s hard to blame Fed officials for wondering if the economy might be on the verge of overheating. After all, Q1 gross domestic product (GDP) grew more than 6%, the highest in decades. Layoffs appear to be trending much lower, if weekly initial jobless claims are correct, and many companies said during Q1 earnings season that they’re having supply chain issues even while paying more for the raw materials they need. This raises concerns about producer inflation making its way to consumers.The final straw might have been April’s consumer price index (CPI), which showed more than 4% year-over-year growth, the highest in a decade. Core month-over-month CPI saw its sharpest rise since April 1982, when President Reagan was serving his first term and Powell was a recent law school graduate.Though the Fed didn’t have all of this data in hand when it met in late April, the signs were already pointing toward major economic growth and price pressure, putting the Fed between the proverbial rock and a hard place.Powell has emphasized the importance of getting millions back to work, with unemployment still around 6% more than a year after the pandemic began. Earlier this year, the Fed made it very clear it would tolerate inflation above its 2% long-term target until employment got back on track, but this risks the chance of price pressure hurting consumers and companies. Corporate margins look very positive right now coming off huge Q1 earnings growth, but inflation over coming months could change that, perhaps resulting in pressure on stocks.There could be more Fed remarks in the next week or two, but then the pre-meeting silent period begins and June 16 looms. Powell is almost certainly going to face questions about those April meeting minutes.Tug-Of-War Persists Between Growth And ValueAll this focus on the Fed turns attention to the benchmark 10-year Treasury yield, a major metric for economic growth, inflation, and interest rate anticipation. It rallied from near historic lows of around 0.95% at the start of the year to a late-March high of 1.78% as the economy improved and inflation fears gathered. It then pulled back and hung around near 1.6% for a couple of months, trading at 1.61% as of late May.Anywhere above 1.75% might look interesting now, and 2% might spark some fear in the market. The rally in yields earlier this year really helped snuff out the Info Tech rally, since many of those stocks are priced in part based on anticipation of future growth, something higher borrowing costs might compress.That helped lead to the current tug-of-war between value sectors like Financials and Energy that tend to do better in a recovering economy where inflation is rising and Growth ones like Tech that outperformed during the shutdowns of 2020. The battle has raged most of the last two months, though there are now signs of at least some investors beginning to bifurcate Tech between the huge, mature companies like AppleAAPL 0.09%and MicrosoftMSFT 0.05%and smaller firms more dependent on keeping future growth paths skyrocketing. The AAPLs and MSFTs of the world have often led the broader market higher the last few years, and could be less vulnerable then smaller Tech firms if interest rates do start to rise.FIGURE 1:  MAY MALAISE.After a strong start to 2021, the S&P 500 Index (SPX—candlestick) had some struggles in May amid inflation worries. The Nasdaq 100 (NDX—purple line) has had a much more checkered year as some investors favored value over growth sectors, and continued to be weak heading into June. Data Sources: S&P Dow Jones Indices, Nasdaq. Chart source: The thinkorswim® platform. For illustrative purposes only. Past performance does not guarantee future results.But we may be putting the cart ahead of the horse, so to speak. The April jobs growth number of 266,000 was way, way below Wall Street’s expectations for more than 700,000 and some bullish predictions of a million. That puts focus squarely on the May jobs growth number, due June 4. Another weak jobs reading for May might take some pressure off of the Fed and rates, with “bad news” possibly becoming “good news” for stocks, so to speak.Remember that different U.S. states were in different reopening modes in April, which may have affected that number. It’s possible some of the earlier job growth won’t show up until May, or the April number could be revised upward once things become clearer. A lot of what Powell says and does on June 16 will likely reflect the jobs report, along with inflation data like the May 28 personal consumption expenditure (PCE) prices, which the Fed is known to follow closely.The May CPI report on June 10 is another key one to watch next month when it comes to inflation. The Fed will have all that material in hand by the time it meets, giving it a clearer perspective.Homebuilders, “Stay-At-Home” Stocks Among June Earnings ReportsThat’s a mouthful about the Fed, inflation, jobs, and yields. What about the corporate world?As we emerge from a Q1 earnings season where the average S&P 500 company recorded earnings per share growth of nearly 52%, according to Factset, you might think earnings aren’t a big calendar item in June. That’s only partially true. While we won’t see a big crush of earnings reports, there are some key ones to watch, especially in the home building sector where both Lennar and KB Home are expected to report during the month.The housing market has been red hot, so a couple of April data points that missed analysts’ expectations (existing home sales and housing starts) might not be too big a deal. Having said that, the economy’s reopening could take peoples’ attention away from home buying and give strength to companies that focus on experiences rather than products. It’s possible some of the strength in housing and home improvement got pulled forward by the pandemic, just as we saw demand for internet conferences and home exercise equipment pulled forward. Keep an eye on what LEN and KBH say about demand when they report.Zoom Video , Kroger , Chewy , and Slack are some other companies whose businesses saw a big impact from Covid and release earnings in June. Most of them benefitted from people staying at home, questions remain over how much of their recent growth in sales has been sustainable vs. “demand pulled forward.” Many of their shares have lost ground and investors are eager to hear how they plan to keep the fizz bubbling post-Covid. Meanwhile, Tech earnings are a bit scarce in the month ahead, but Oracle is expected to be on the June release calendar.Keeping Watch on Crypto, VolatilityLike it or not, cryptocurrency could also help determine the market’s direction in June. It seemed like bitcoin set some of the momentum in late May, though that’s not a permanent indicator by any stretch of the imagination. However, when the news flow gets quiet and people start looking for indicators on how to trade, bitcoin and other cryptocurrencies have been something many investors watch. The question is whether the stock market is starting to divorce itself more from cryptocurrency after huge swings in bitcoin prices recently.Volatility is another metric to watch. The Cboe Volatility Index(VIX) hung around near 20 in late May after a month where it seldom went below 18 or above 25. VIX typically spends a long time trading in specific ranges, so the next thing to check is whether the current range holds or if it steps up or down. A move higher in volatility, especially any prolonged stays above 25, would presumably reflect mounting investor uncertainty and worries about what’s ahead. If VIX falls below 20 and stays there awhile, it could point to a quiet summer.We haven’t mentioned Covid so far except in passing. That’s a good thing, because it means it’s not front and center the way it once was. As of late May, the U.S. seemed to be on very good footing thanks to vaccinations, with case counts falling to the lowest daily levels in nearly a year. No one knows if this will continue, but we can be hopeful.We can also hope that the current devastating impact of Covid in parts of Asia slows down in the month ahead. Right now, it appears that the situation there might be putting a bit of pressure on the blazing commodity markets amid worries about overseas demand for products like crude and copper. China also tried to clamp down on commodity prices in late May, saying it will move to reduce speculation.We started with inflation, so might as well end with it. The commodities market is another aspect of pricing pressure, especially for companies in the Materials, Information Technology, Transport, and Industrial sectors. Costs rose sharply so far this year for many of the core products they use, but if commodities continue to level off or even fall in June, that could relieve some of the pressure on companies and the Fed. Whether that happens could be determined by progress against the pandemic the next few weeks in places like India, Japan, and South Korea.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153034351,"gmtCreate":1624984519473,"gmtModify":1703849592282,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>:)))))))","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>:)))))))","text":"$AMC Entertainment(AMC)$:)))))))","images":[{"img":"https://static.tigerbbs.com/1b91412f6703c6ee2baeb5c018dc93d3","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153034351","isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112044869,"gmtCreate":1622831114351,"gmtModify":1704192108019,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>sell all these","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>sell all these","text":"$AMC Entertainment(AMC)$sell all these","images":[{"img":"https://static.tigerbbs.com/03f47e650f1032ddfe16afab63175012","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112044869","isVote":1,"tweetType":1,"viewCount":717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":139304224,"gmtCreate":1621589209368,"gmtModify":1704360153111,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"It's coming. Govt controlling decentralised finance. Is it still decentralise the?","listText":"It's coming. Govt controlling decentralised finance. Is it still decentralise the?","text":"It's coming. Govt controlling decentralised finance. Is it still decentralise the?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/139304224","repostId":"2137903089","repostType":4,"repost":{"id":"2137903089","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":1621586627,"share":"https://ttm.financial/m/news/2137903089?lang=&edition=fundamental","pubTime":"2021-05-21 16:43","market":"fut","language":"en","title":"Hong Kong to restrict crypto exchanges to professional investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2137903089","media":"Reuters","summary":"HONG KONG, May 21 (Reuters) - Cryptocurrency exchanges operating in Hong Kong will have to be licenc","content":"<p>HONG KONG, May 21 (Reuters) - Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city's markets regulator and will only be allowed to provide services to professional investors, according to government proposals to be presented later this year.</p><p>Hong Kong's Financial Services and the Treasury Bureau, which has been consulting the market on changes to rules for crypto exchanges since last year, intends to table the legislation in the upcoming 2021-22 session of the city's legislative assembly, it said in a statement on Friday.</p><p>Governments and financial regulators around the world are still assessing whether and how they should regulate the cryptocurrency industry. Investor protection and preventing money laundering are particular concerns.</p><p>Cryptocurrencies such as bitcoin and ether have been on a roller-coaster ride this week which has raised further questions about their potential as mainstream investments.</p><p>Dozens of cryptocurrency exchanges operate in Hong Kong, including some of the world's largest. The city currently has an \"opt in\" approach under which exchanges can apply to be licenced by markets watchdog the Securities and Futures Commission, but do not have to.</p><p>Hong Kong's Financial Services and the Treasury Bureau <a href=\"https://laohu8.com/S/FSTB\">$(FSTB)$</a> has been consulting the market on changes to those rules since last year.</p><p>The FSTB said on Friday in its consultation conclusions all virtual asset (crypto currency) exchanges should be licensed if they wished to operate in Hong Kong.</p><p>It also said \"confining the services of a VA exchange to professional investors.... is appropriate at least for the initial stage of the licensing regime.\"</p><p>Local financial technology and crypto industry associations have opposed regulation stopping exchanges from offering services to retail investors, warning this could drive exchanges out of Hong Kong and push investors onto unregulated venues.</p><p>According to Hong Kong law, an individual must have a portfolio of HK$8 million ($1.03 million) to count as a professional investor.</p><p>Regulators and governments in Asia have different attitudes to regulating cryptocurrencies and the exchanges on which they are traded.</p><p>Under Singapore's regime, crypto exchanges must be licenced, but can have retail investors as clients. However, China on Tuesday announced a tougher ban on banks and payment companies offering crypto-related services which furthered a selloff that briefly wiped $1 trillion off crypto market capitalisation.</p><p>The FSTB said it intends to propose legislative changes to turn its proposals into law in the upcoming 2021-22 session of the city's legislative assembly.</p><p>($1 = 7.7637 Hong Kong dollars)</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>Hong Kong to restrict crypto exchanges to professional investors</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\">\nHong Kong to restrict crypto exchanges to professional investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-21 16:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, May 21 (Reuters) - Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city's markets regulator and will only be allowed to provide services to professional investors, according to government proposals to be presented later this year.</p><p>Hong Kong's Financial Services and the Treasury Bureau, which has been consulting the market on changes to rules for crypto exchanges since last year, intends to table the legislation in the upcoming 2021-22 session of the city's legislative assembly, it said in a statement on Friday.</p><p>Governments and financial regulators around the world are still assessing whether and how they should regulate the cryptocurrency industry. Investor protection and preventing money laundering are particular concerns.</p><p>Cryptocurrencies such as bitcoin and ether have been on a roller-coaster ride this week which has raised further questions about their potential as mainstream investments.</p><p>Dozens of cryptocurrency exchanges operate in Hong Kong, including some of the world's largest. The city currently has an \"opt in\" approach under which exchanges can apply to be licenced by markets watchdog the Securities and Futures Commission, but do not have to.</p><p>Hong Kong's Financial Services and the Treasury Bureau <a href=\"https://laohu8.com/S/FSTB\">$(FSTB)$</a> has been consulting the market on changes to those rules since last year.</p><p>The FSTB said on Friday in its consultation conclusions all virtual asset (crypto currency) exchanges should be licensed if they wished to operate in Hong Kong.</p><p>It also said \"confining the services of a VA exchange to professional investors.... is appropriate at least for the initial stage of the licensing regime.\"</p><p>Local financial technology and crypto industry associations have opposed regulation stopping exchanges from offering services to retail investors, warning this could drive exchanges out of Hong Kong and push investors onto unregulated venues.</p><p>According to Hong Kong law, an individual must have a portfolio of HK$8 million ($1.03 million) to count as a professional investor.</p><p>Regulators and governments in Asia have different attitudes to regulating cryptocurrencies and the exchanges on which they are traded.</p><p>Under Singapore's regime, crypto exchanges must be licenced, but can have retail investors as clients. However, China on Tuesday announced a tougher ban on banks and payment companies offering crypto-related services which furthered a selloff that briefly wiped $1 trillion off crypto market capitalisation.</p><p>The FSTB said it intends to propose legislative changes to turn its proposals into law in the upcoming 2021-22 session of the city's legislative assembly.</p><p>($1 = 7.7637 Hong Kong dollars)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","GBTC":"Grayscale Bitcoin Trust","HSTECH":"恒生科技指数","01611":"新火科技控股","HSCCI":"红筹指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137903089","content_text":"HONG KONG, May 21 (Reuters) - Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city's markets regulator and will only be allowed to provide services to professional investors, according to government proposals to be presented later this year.Hong Kong's Financial Services and the Treasury Bureau, which has been consulting the market on changes to rules for crypto exchanges since last year, intends to table the legislation in the upcoming 2021-22 session of the city's legislative assembly, it said in a statement on Friday.Governments and financial regulators around the world are still assessing whether and how they should regulate the cryptocurrency industry. Investor protection and preventing money laundering are particular concerns.Cryptocurrencies such as bitcoin and ether have been on a roller-coaster ride this week which has raised further questions about their potential as mainstream investments.Dozens of cryptocurrency exchanges operate in Hong Kong, including some of the world's largest. The city currently has an \"opt in\" approach under which exchanges can apply to be licenced by markets watchdog the Securities and Futures Commission, but do not have to.Hong Kong's Financial Services and the Treasury Bureau $(FSTB)$ has been consulting the market on changes to those rules since last year.The FSTB said on Friday in its consultation conclusions all virtual asset (crypto currency) exchanges should be licensed if they wished to operate in Hong Kong.It also said \"confining the services of a VA exchange to professional investors.... is appropriate at least for the initial stage of the licensing regime.\"Local financial technology and crypto industry associations have opposed regulation stopping exchanges from offering services to retail investors, warning this could drive exchanges out of Hong Kong and push investors onto unregulated venues.According to Hong Kong law, an individual must have a portfolio of HK$8 million ($1.03 million) to count as a professional investor.Regulators and governments in Asia have different attitudes to regulating cryptocurrencies and the exchanges on which they are traded.Under Singapore's regime, crypto exchanges must be licenced, but can have retail investors as clients. However, China on Tuesday announced a tougher ban on banks and payment companies offering crypto-related services which furthered a selloff that briefly wiped $1 trillion off crypto market capitalisation.The FSTB said it intends to propose legislative changes to turn its proposals into law in the upcoming 2021-22 session of the city's legislative assembly.($1 = 7.7637 Hong Kong dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193070873,"gmtCreate":1620742207692,"gmtModify":1704347723660,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Finally","listText":"Finally","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/193070873","repostId":"1190684572","repostType":4,"repost":{"id":"1190684572","kind":"news","pubTimestamp":1620740443,"share":"https://ttm.financial/m/news/1190684572?lang=&edition=fundamental","pubTime":"2021-05-11 21:40","market":"us","language":"en","title":"Palantir accepts bitcoin payments, could invest in cryptocurrency","url":"https://stock-news.laohu8.com/highlight/detail?id=1190684572","media":"seekingalpha","summary":"During the first quarter earnings call, Palantir(NYSE:PLTR)reveals it accepts bitcoin as payment fro","content":"<p>During the first quarter earnings call, Palantir(NYSE:PLTR)reveals it accepts bitcoin as payment from customers and is considering investingin Bitcoin or another form of cryptocurrency.</p><p>Last month, Palantir co-founder Peter Thielcontroversially saidthat while he was pro-Bitcoin and cryptocurrency, he wondered \"whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S.\"</p><p>Turning back to the earnings, Q1 billings were up 248% Y/Y&nbsp;to $362M, which resulted in the stronger than expected cash flow.</p><p>Palantir says commercial opportunities in the U.S. and U.K. have increased 2.5x since February. Active commercial pilots more than doubled during that period.</p><p>The total remaining deal value at the end of Q1 was $2.8B, up 40% on the year.</p><p>Annualized revenue run rate for U.S. customers was $800M.</p><p>Palantir shares are&nbsp;up more&nbsp;than&nbsp;4%&nbsp;just after the opening bell.</p><p><img src=\"https://static.tigerbbs.com/4d05b99b4ace61cc847d61c7a0d342a7\" tg-width=\"786\" tg-height=\"494\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir accepts bitcoin payments, could invest in cryptocurrency</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\">\nPalantir accepts bitcoin payments, could invest in cryptocurrency\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-11 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3694595-palantir-accepts-bitcoin-payments-could-invest-in-cryptocurrency><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>During the first quarter earnings call, Palantir(NYSE:PLTR)reveals it accepts bitcoin as payment from customers and is considering investingin Bitcoin or another form of cryptocurrency.Last month, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3694595-palantir-accepts-bitcoin-payments-could-invest-in-cryptocurrency\">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://seekingalpha.com/news/3694595-palantir-accepts-bitcoin-payments-could-invest-in-cryptocurrency","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1190684572","content_text":"During the first quarter earnings call, Palantir(NYSE:PLTR)reveals it accepts bitcoin as payment from customers and is considering investingin Bitcoin or another form of cryptocurrency.Last month, Palantir co-founder Peter Thielcontroversially saidthat while he was pro-Bitcoin and cryptocurrency, he wondered \"whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S.\"Turning back to the earnings, Q1 billings were up 248% Y/Y to $362M, which resulted in the stronger than expected cash flow.Palantir says commercial opportunities in the U.S. and U.K. have increased 2.5x since February. Active commercial pilots more than doubled during that period.The total remaining deal value at the end of Q1 was $2.8B, up 40% on the year.Annualized revenue run rate for U.S. customers was $800M.Palantir shares are up more than 4% just after the opening bell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160044242,"gmtCreate":1623767692886,"gmtModify":1703818823594,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>70!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>70!","text":"$AMC Entertainment(AMC)$70!","images":[{"img":"https://static.tigerbbs.com/f3424c9aa0e31b0edbca12987d41434f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160044242","isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":184056131,"gmtCreate":1623678895323,"gmtModify":1704208479139,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>breaking $4 soon? What u think?","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>breaking $4 soon? What u think?","text":"$Mind Medicine (MindMed) Inc.(MNMD)$breaking $4 soon? What u think?","images":[{"img":"https://static.tigerbbs.com/724980d855c15d7d018074b6f1310b4b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184056131","isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":113705620,"gmtCreate":1622638347260,"gmtModify":1704187802965,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113705620","repostId":"1132140510","repostType":4,"repost":{"id":"1132140510","kind":"news","pubTimestamp":1622637521,"share":"https://ttm.financial/m/news/1132140510?lang=&edition=fundamental","pubTime":"2021-06-02 20:38","market":"us","language":"en","title":"Singapore Allows Sinovac Vaccine After WHO Emergency Approval","url":"https://stock-news.laohu8.com/highlight/detail?id=1132140510","media":"Bloomberg","summary":"Singapore will allow the use of Sinovac Biotech Ltd.’s Covid-19 vaccine, after the World Health Orga","content":"<p>Singapore will allow the use of&nbsp;Sinovac Biotech Ltd.’s Covid-19 vaccine, after the World Health Organization approved the drug as part of its emergency use listing.</p>\n<p>The move means the drug can be administered by private health care providers as part of a program that allows the use of unregistered Covid-19 vaccines, the ministry of health said in a statement Wednesday. The Sinovac vaccine is not part of the national vaccine program.</p>\n<p>The World Health Organization&nbsp;authorized&nbsp;the Sinovac vaccine on June 1, paving the way for a wider rollout in countriesscramblingfor a supply of immunizations. Singapore’s decision comes about three months after the country received its&nbsp;first shipment&nbsp;of&nbsp;200,000 doses&nbsp;of the Sinovac shot on Feb. 23, and amid&nbsp;debate&nbsp;over the efficacy of the vaccine.</p>\n<p>The shot, dubbed CoronaVac, has the lowest efficacy rate reported from clinical trials among the frontrunner wave of vaccines: it was found to be just 50.7% effective in preventing symptomatic Covid in a trial in Brazil, barely crossing the minimum threshold required by drug regulators around the world. But real world evidence is emerging that it’s far more effective on the ground: In a&nbsp;recent study&nbsp;of around 130,000 Indonesia health workers, it protected 94% against symptomatic infection, 96% against hospitalization, and 98% against death.</p>\n<p>Singapore has authorized both the Pfizer Inc.-BioNTech SE and Moderna Inc. vaccines, and has one of the best per-capita vaccination rates in Asia, with&nbsp;about 40%&nbsp;of the population having received their first dose. The Southeast Asian nation is&nbsp;allowing&nbsp;school children to be inoculated from this month, as part of its strategy to reopen the economy.</p>\n<p>The health ministry will release more details in the coming days and is also studying the possibility for private health-care institutions to access the stock of 200,000 doses. It is working out the details on pricing, informed consent process and safety of the patients who prefer this vaccine, it said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Allows Sinovac Vaccine After WHO Emergency Approval</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\">\nSingapore Allows Sinovac Vaccine After WHO Emergency Approval\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 20:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-02/singapore-allows-sinovac-vaccine-after-who-emergency-approval?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore will allow the use of Sinovac Biotech Ltd.’s Covid-19 vaccine, after the World Health Organization approved the drug as part of its emergency use listing.\nThe move means the drug can be ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-02/singapore-allows-sinovac-vaccine-after-who-emergency-approval?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SVA":"科兴生物","STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-02/singapore-allows-sinovac-vaccine-after-who-emergency-approval?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132140510","content_text":"Singapore will allow the use of Sinovac Biotech Ltd.’s Covid-19 vaccine, after the World Health Organization approved the drug as part of its emergency use listing.\nThe move means the drug can be administered by private health care providers as part of a program that allows the use of unregistered Covid-19 vaccines, the ministry of health said in a statement Wednesday. The Sinovac vaccine is not part of the national vaccine program.\nThe World Health Organization authorized the Sinovac vaccine on June 1, paving the way for a wider rollout in countriesscramblingfor a supply of immunizations. Singapore’s decision comes about three months after the country received its first shipment of 200,000 doses of the Sinovac shot on Feb. 23, and amid debate over the efficacy of the vaccine.\nThe shot, dubbed CoronaVac, has the lowest efficacy rate reported from clinical trials among the frontrunner wave of vaccines: it was found to be just 50.7% effective in preventing symptomatic Covid in a trial in Brazil, barely crossing the minimum threshold required by drug regulators around the world. But real world evidence is emerging that it’s far more effective on the ground: In a recent study of around 130,000 Indonesia health workers, it protected 94% against symptomatic infection, 96% against hospitalization, and 98% against death.\nSingapore has authorized both the Pfizer Inc.-BioNTech SE and Moderna Inc. vaccines, and has one of the best per-capita vaccination rates in Asia, with about 40% of the population having received their first dose. The Southeast Asian nation is allowing school children to be inoculated from this month, as part of its strategy to reopen the economy.\nThe health ministry will release more details in the coming days and is also studying the possibility for private health-care institutions to access the stock of 200,000 doses. It is working out the details on pricing, informed consent process and safety of the patients who prefer this vaccine, it said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132005669,"gmtCreate":1622042843751,"gmtModify":1704178453023,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Better&nbsp;","listText":"Better&nbsp;","text":"Better","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/132005669","repostId":"1113786599","repostType":4,"repost":{"id":"1113786599","kind":"news","pubTimestamp":1622041965,"share":"https://ttm.financial/m/news/1113786599?lang=&edition=fundamental","pubTime":"2021-05-26 23:12","market":"us","language":"en","title":"Amazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands","url":"https://stock-news.laohu8.com/highlight/detail?id=1113786599","media":"Reuters","summary":" -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.The deal is designed to help Amazon  supercharge its Amazon Prime Video service by keeping customers engaged and paying an annual subscription that also guarantees rapid delivery of purchases from its online store.\"The real financial value be","content":"<p>(Reuters) -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.</p><p>Privately-held MGM, or Metro Goldwyn Mayer, was founded in 1924, owns the Epix cable channel and makes popular TV shows including \"Fargo\", \"Vikings\" and \"Shark Tank.\"</p><p>The deal is designed to help Amazon (NASDAQ:AMZN) supercharge its Amazon Prime Video service by keeping customers engaged and paying an annual subscription that also guarantees rapid delivery of purchases from its online store.</p><p>\"The real financial value behind this deal is the treasure trove of (intellectual property) in the deep catalog that we plan to reimagine and develop together with MGM's talented team. It's very exciting and provides so many opportunities for high-quality storytelling,\" said Mike Hopkins, senior vice president of Prime Video and Amazon Studios.</p><p>Amazon's Prime Video faces a long list of competitors including Netflix Inc (NASDAQ:NFLX), WaltDisney(NYSE:DIS) Co's Disney+, HBO Max and Apple Inc (NASDAQ:AAPL)'s Apple TV+. The companies are increasing spending and expanding in international markets, aiming to capture the pandemic-led shift to binge-watching shows online.</p><p>Amazon has also made big bets courting fans of live sports and has picked up lucrative licenses to stream games, including a long-term deal with the National Football League that was estimated to cost about $1 billion per year.</p><p>The proliferating streaming services are also scrambling for brands that they can expand and libraries of older shows and movies. Analysts have said this is a big motivation for another round of consolidation of media properties after a brief hiatus during the pandemic.</p><p>Underscoring the trend, AT&amp;T Inc (NYSE:T) announced a $43-billion deal last week to spin out its WarnerMedia business and combine it with Discovery (NASDAQ:DISCA) Inc, one of the most ambitious yet in the streaming era.</p><p>\"Amazon is seeking to become a more prominent player in the entertainment world, and there's no better way to do that than by buying one of the most iconic movie studios in Hollywood,\" said Jesse Cohen, senior analyst at Investing.com. \"It's all about content as the streaming war heats up.\"</p><p>The acquisition is Amazon’s second-biggest after Whole Foods Market, which it bought for $13.7 billion in 2017.</p><p>The price represents a lofty premium relative to other deals. The price is about 37 times MGM’s 2021 estimated EBITDA - or almost triple the enterprise value-to-EBITDA multiple that Discovery’s deal implied for AT&amp;T’s content assets - according to Reuters Breakingviews.</p><p>MGM started a formal sale process in December, when it was estimated to be worth about $5.5 billion.</p><p>The deal can be viewed as a doubling down on business strategy that Jeff Bezos, Amazon’s CEO, articulated at a conference in 2016: “When we win a Golden Globe, it helps us sell more shoes,” he had said, referring to Amazon's diverse business divisions.</p><p>In April, Amazon posted its fourth consecutive record quarterly profit and boasted more than 200 million Prime loyalty subscribers.</p><p>Amazon shares rose 0.3% in early trading.</p><p>LUCRATIVE FRANCHISE RIGHTS</p><p>Amazon has picked up Academy Awards over the years and slowly moved from art-house fare toward content with wider appeal. The MGM acquisition accelerates that move, giving it rights to James Bond, one of the most lucrative franchises in film history that’s earned nearly $7 billion at the box office globally, according to MGM.</p><p>MGM also has a massive library of classic films including \"Rocky,\" \"Moonstruck,\" and \"The Silence of the Lambs.\"</p><p>The potential to mine this intellectual property, by making new shows and films based on popular characters, will help Amazon draw viewers to Prime, two former Amazon executives told Reuters.</p><p>Still, efforts by Amazon to profit off MGM's library won’t be easy, or cheap.</p><p>In many cases, MGM’s content is tied up in multi-year deals with television networks, the former Amazon executives said. Amazon cannot air MGM’s reality show “The Voice,” for instance, which contractually is in the hands of NBC.</p><p>Bringing a new installment of the James Bond saga to Prime viewers may be a particularly difficult task, the sources said. The terms under which MGM acquired the franchise leave control in the hands of the Broccoli family, the Bond films’ producers.</p><p>News of the acquisition followed quickly on the return of Jeff Blackburn, Amazon’s former senior vice president overseeing content and M&amp;A, who had left early this year.</p><p>Incoming Amazon CEO Andy Jassy had particular trust in Blackburn after decades at Amazon together, hoping he'd shepherd a complicated merger, the sources said.</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>Amazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands</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\">\nAmazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/amazon-snaps-up-james-bond-owner-mgm-for-845-billion-as-streaming-war-heats-up-2516207><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/amazon-snaps-up-james-bond-owner-mgm-for-845-billion-as-streaming-war-heats-up-2516207\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.investing.com/news/stock-market-news/amazon-snaps-up-james-bond-owner-mgm-for-845-billion-as-streaming-war-heats-up-2516207","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113786599","content_text":"(Reuters) -Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.Privately-held MGM, or Metro Goldwyn Mayer, was founded in 1924, owns the Epix cable channel and makes popular TV shows including \"Fargo\", \"Vikings\" and \"Shark Tank.\"The deal is designed to help Amazon (NASDAQ:AMZN) supercharge its Amazon Prime Video service by keeping customers engaged and paying an annual subscription that also guarantees rapid delivery of purchases from its online store.\"The real financial value behind this deal is the treasure trove of (intellectual property) in the deep catalog that we plan to reimagine and develop together with MGM's talented team. It's very exciting and provides so many opportunities for high-quality storytelling,\" said Mike Hopkins, senior vice president of Prime Video and Amazon Studios.Amazon's Prime Video faces a long list of competitors including Netflix Inc (NASDAQ:NFLX), WaltDisney(NYSE:DIS) Co's Disney+, HBO Max and Apple Inc (NASDAQ:AAPL)'s Apple TV+. The companies are increasing spending and expanding in international markets, aiming to capture the pandemic-led shift to binge-watching shows online.Amazon has also made big bets courting fans of live sports and has picked up lucrative licenses to stream games, including a long-term deal with the National Football League that was estimated to cost about $1 billion per year.The proliferating streaming services are also scrambling for brands that they can expand and libraries of older shows and movies. Analysts have said this is a big motivation for another round of consolidation of media properties after a brief hiatus during the pandemic.Underscoring the trend, AT&T Inc (NYSE:T) announced a $43-billion deal last week to spin out its WarnerMedia business and combine it with Discovery (NASDAQ:DISCA) Inc, one of the most ambitious yet in the streaming era.\"Amazon is seeking to become a more prominent player in the entertainment world, and there's no better way to do that than by buying one of the most iconic movie studios in Hollywood,\" said Jesse Cohen, senior analyst at Investing.com. \"It's all about content as the streaming war heats up.\"The acquisition is Amazon’s second-biggest after Whole Foods Market, which it bought for $13.7 billion in 2017.The price represents a lofty premium relative to other deals. The price is about 37 times MGM’s 2021 estimated EBITDA - or almost triple the enterprise value-to-EBITDA multiple that Discovery’s deal implied for AT&T’s content assets - according to Reuters Breakingviews.MGM started a formal sale process in December, when it was estimated to be worth about $5.5 billion.The deal can be viewed as a doubling down on business strategy that Jeff Bezos, Amazon’s CEO, articulated at a conference in 2016: “When we win a Golden Globe, it helps us sell more shoes,” he had said, referring to Amazon's diverse business divisions.In April, Amazon posted its fourth consecutive record quarterly profit and boasted more than 200 million Prime loyalty subscribers.Amazon shares rose 0.3% in early trading.LUCRATIVE FRANCHISE RIGHTSAmazon has picked up Academy Awards over the years and slowly moved from art-house fare toward content with wider appeal. The MGM acquisition accelerates that move, giving it rights to James Bond, one of the most lucrative franchises in film history that’s earned nearly $7 billion at the box office globally, according to MGM.MGM also has a massive library of classic films including \"Rocky,\" \"Moonstruck,\" and \"The Silence of the Lambs.\"The potential to mine this intellectual property, by making new shows and films based on popular characters, will help Amazon draw viewers to Prime, two former Amazon executives told Reuters.Still, efforts by Amazon to profit off MGM's library won’t be easy, or cheap.In many cases, MGM’s content is tied up in multi-year deals with television networks, the former Amazon executives said. Amazon cannot air MGM’s reality show “The Voice,” for instance, which contractually is in the hands of NBC.Bringing a new installment of the James Bond saga to Prime viewers may be a particularly difficult task, the sources said. The terms under which MGM acquired the franchise leave control in the hands of the Broccoli family, the Bond films’ producers.News of the acquisition followed quickly on the return of Jeff Blackburn, Amazon’s former senior vice president overseeing content and M&A, who had left early this year.Incoming Amazon CEO Andy Jassy had particular trust in Blackburn after decades at Amazon together, hoping he'd shepherd a complicated merger, the sources said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108741524,"gmtCreate":1620057722168,"gmtModify":1704338066187,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>what happen?","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>what happen?","text":"$Mind Medicine (MindMed) Inc.(MNMD)$what happen?","images":[{"img":"https://static.tigerbbs.com/9ea6efab066ea1ac5b7af4818bef8952","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/108741524","isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3580305336189393","authorId":"3580305336189393","name":"ZC_ACE","avatar":"https://static.tigerbbs.com/888cb0cefe2800dae89228d6d25f067a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3580305336189393","authorIdStr":"3580305336189393"},"content":"That's a good question. I also want to know [Cry]","text":"That's a good question. I also want to know [Cry]","html":"That's a good question. I also want to know [Cry]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":374281618,"gmtCreate":1619448506934,"gmtModify":1704724104877,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MVIS\">$Microvision(MVIS)$</a>upz","listText":"<a href=\"https://laohu8.com/S/MVIS\">$Microvision(MVIS)$</a>upz","text":"$Microvision(MVIS)$upz","images":[{"img":"https://static.tigerbbs.com/7c19d383b321977c452ffea71f0b579e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374281618","isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":188920830,"gmtCreate":1623419803120,"gmtModify":1704203175406,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARCT\">$Arcturus Therapeutics Ltd.(ARCT)$</a>is there hope?","listText":"<a href=\"https://laohu8.com/S/ARCT\">$Arcturus Therapeutics Ltd.(ARCT)$</a>is there hope?","text":"$Arcturus Therapeutics Ltd.(ARCT)$is there hope?","images":[{"img":"https://static.tigerbbs.com/309fbe09ddf9df8cc266f8497a92c2a2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188920830","isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":194168230,"gmtCreate":1621348318920,"gmtModify":1704356234894,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"Really?!?","listText":"Really?!?","text":"Really?!?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194168230","repostId":"1140936315","repostType":4,"repost":{"id":"1140936315","kind":"news","pubTimestamp":1621347433,"share":"https://ttm.financial/m/news/1140936315?lang=&edition=fundamental","pubTime":"2021-05-18 22:17","market":"us","language":"en","title":"Roku: Seeing The Future Of CTV Advertising","url":"https://stock-news.laohu8.com/highlight/detail?id=1140936315","media":"seekingalpha","summary":"Summary\n\nThe Roku earnings report was heavily anticipated after the recent earnings disappointment f","content":"<p><b>Summary</b></p>\n<ul>\n <li>The Roku earnings report was heavily anticipated after the recent earnings disappointment from Netflix in late April.</li>\n <li>Roku stock jumped up around 10% after reporting an outstanding first quarter earnings on May 6th that soundly beat analyst expectations.</li>\n <li>Cord cutting is proving out to be a secular growth trend benefiting Roku.</li>\n <li>Roku is an emerging powerhouse in CTV advertising.</li>\n <li>Roku is Buy at current prices.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e135870a7133e77aa2ac4483b2fe8230\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Michael Vi/iStock Editorial via Getty Images</span></p>\n<p>Roku (NASDAQ:ROKU) stock jumped up around 10% after recently reporting an outstanding first quarter earnings on May 6th that soundly beat analyst expectations on revenues and EPS, as well as the company guiding to well above-consensus second quarter net revenues.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/807816260bac4665b6a7a1deb1c99de0\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>The Roku earnings report was heavily anticipated after therecent earnings disappointment from Netflix(NASDAQ:NFLX) in late April. Some Roku investors had been fearful that bad earnings by Netflix could also mean poor results from Roku, as streaming is an industry that is perceived to have benefited greatly from the pandemic and as consumers start venturing outside the home again, \"COVID stocks\" are starting to move towards being \"out of favor\" among investors.</p>\n<p>Roku's earnings, however, actually appears to prove out a theory thatNetflix's loss is Roku's gainbecause Netflix might now be legitimately facing strong competition from other streaming options like Disney plus(NYSE:DIS). More streaming options seems to heavily favor Roku's business model over Netflix. The secular growth story of more consumers cutting the cord to pursue more streaming options seems to be winning out over \"Roku is only a COVID stock\" narrative.</p>\n<p>Roku's subscriber growth, while not outstanding in comparison to subscriber growth in 2020, also did not fall off a cliff. Roku added 2.4 million accounts in the quarter, growing the number of accounts on the platform by 35% year-over-year. Roku's engagement numbers also grew heavily as Roku viewers collectively watched 18.3 billion hours of content through Roku during Q1, which was up 49% year-over-year.</p>\n<p>Under the backdrop of recent market weakness overinflation fearsandthreats by the Biden Administration to raise capital gains taxes, plus the perception by some that Roku is merely a \"COVID stock\" that benefited from \"shelter-in-place\", there might be some investors that are asking themselves, \"Does Roku's recent performance justifies buying its stock at current prices?\"</p>\n<p>This article will review the recent earnings results and will hopefully answer that question.</p>\n<p><b>Roku Q1 2021 Earnings</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d8c27ba9d82f0ee20e410a6f6a0f77c5\" tg-width=\"640\" tg-height=\"389\"><span>Source:Roku Q1 2021 Investor Letter</span></p>\n<p>Total Q1 revenue increased a record 79% year-over-year to $574.2 million, beating analyst expectations by $82.90M. Platform segment revenue was up 101% year-over-year to $466.5 million and represented 81% of total revenue. Player revenue grew 22% year-over-year, in line with company expectations at $107.7 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33495850c76845f506999260203798b9\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc474b672ffdc9f28d0a9ad2212b180b\" tg-width=\"635\" tg-height=\"403\"><span>Data byYChartsA Secular Growth Story</span></p>\n<p>Ever since COVID-19 accelerated growth for Roku last year, there has been a perception that Roku is only a \"COVID play\" and that once the economy reopened that everything would begin grinding to a halt for Roku.</p>\n<p>So far that narrative is not really playing out for Roku. While the pandemic might have pulled forward some demand in 2020, user growth has remained relatively robust this quarter, as stated previously, the company added 2.4 million accounts in the quarter to reach a total of 53.6 million accounts. Roku is now reaching over 40% of broadband households in the USA.</p>\n<p>More importantly, streaming hours has continued to quickly expand for Roku to 18.3 billion, which is up 1.4 billion hours sequentially and up 6 billion versus the first quarter last year. So, while the pandemic might have accelerated consumers transitioning to streaming, cord cutting is proving to be a strong secular growth phenomenon and that growth should continue on into the economic recovery phase.</p>\n<p>Roku also monetized the increased usage more than it ever has before. Roku's ARPU rose 32% year-over-year. The increased monetization can be attributed torebounding ad spend, new ad targeting products like therecently acquired Nielsen video advertisement business, and huge growth from The Roku Channel, which during the quarter reached an estimated 70 million people within U.S. households, more than doubling viewers from Q1 2020.</p>\n<p><b>Profitability</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0adb00b771a639153306c65ec07f1c29\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p><img src=\"https://static.tigerbbs.com/6eb2f0e04b18947968ba91b6a8579aa5\" tg-width=\"640\" tg-height=\"390\" referrerpolicy=\"no-referrer\"></p>\n<p>Roku's big jump in revenue growth also has coincided with a big jump in profitability. Gross profit grew a record 132% year-over-year in Q1 to $326.8 million, resulting in a record gross margin of 57%.</p>\n<p>Roku's platform gross margins expanded 1,070 basis points. Player gross margins expanded 190 basis points, although that likely won't be sustained moving forward. Q1 is traditionally a lighter promotional period in the retail calendar, resulting in higher-than-average player gross margins. Those player margins should drop in Q2 and moving forward</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4973c4b9c4700d93f23de745353f28c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98a20d7cdf40243fa4b44ab2b7b13970\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Q1 OpEx was $251 million, up 28% year-over-year. With revenues growing 79% year-over-year, Roku had positive operating leverage during the quarter, although moving forward that type of leverage won't be sustainable. Q1 was the last quarter before the company begins lapping COVID-related actions in 2020 that slowed the rate of OpEx and CapEx growth last year, in order for the company to manage uncertainty. Therefore, more difficult expense growth comparisons moving forward are very likely.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12e671445d681d767dd7ecb8f5c0d966\" tg-width=\"635\" tg-height=\"419\"><span>Data byYCharts</span></p>\n<p>Q1 adjusted EBITDA of $125.9 million exceeded company outlook due to the outperformance in Platform monetization. Adjusted EBITDA margins came in at a record-high 21.9%. Roku Q1 GAAP EPS of $0.54 beats by $0.67.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f47859f3ac167f79a63b1a27e7aad8be\" tg-width=\"640\" tg-height=\"274\"><span>Source:Seeking Alpha</span></p>\n<p><b>Balance Sheet</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ea0007539a37057a57497cc8256306c\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Roku significantly strengthened its cash and liquidity position in Q1 byraising approximately $1 billionin incremental equity capital via an at-the-market (ATM) offering in March. Roku ended Q1 with approximately $2.1 billion of cash, cash equivalents, restricted cash and short-term investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76f1f8609735cf16ce5b38f9d140c8a8\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/504e3a17c6cbe26a5119b5e8dfc7e922\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>Roku has Total Current Liabilities of $628.12 million. Roku's Debt to Equity ratio is .038. Generally, aDebt to Equity ratio below 1 is good and means less risk. Roku has aQuick Ratioor \"Acid Test\" Ratio of 4.10, which essentially means that Roku is very far from becoming insolvent in the near term.</p>\n<p><b>Guidance</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be1fd3eda3c34e7e79a658e713d99705\" tg-width=\"640\" tg-height=\"296\"><span>Source:Seeking Alpha</span></p>\n<p>Many favorable trends for Roku are expected to persist moving forward into next quarter. Roku guided for Q2 total net revenue of $615 million at the midpoint, up 73% year-over-year and total gross profit of $300 million at the midpoint, up 104% year-over-year. This implies an overall gross margin of approximately 49%. Roku is projecting revenue growth rates in the second half of 2021 that will be at a slower rate than the first half.</p>\n<p>Roku projects full year overall gross margins to be in the high 40% range. Platform gross margin should be similar to 2020 levels, with the expectation that the outperformance of content distribution should normalize in Q2 and in the back half of the year.</p>\n<p>As for the player business, investors should not expect player gross margins to remain high moving forward, as Roku optimizes for account growth, rather than player gross profit. Currently, Roku is experiencing supply chain issues, so investors should expect slightly negative player margins for Q2 and the likelihood of increasing negative player margins in the second half of 2021, given probable component cost increases.</p>\n<p>Gross profit growth is expected to continue to outpace OpEx growth, resulting in Q2 adjusted EBITDA of $65 million at the midpoint. Q2 OpEx is expected to be roughly 15% higher than in Q1. Q2 is when Roku begins lapping the pandemic effects of last year. OpEx is expected to be up partially because of organic headcount growth and also the inclusion of OpEx related to recent acquisitions.</p>\n<p><b>What's The Upshot Of All This?</b></p>\n<p>Roku has been in a downtrend since March, with the catalyst being general market weakness brought on byrising bond yield ratesdue to inflation fears. The downtrend in the stock price was exacerbated by a general belief in the investor community that Roku would follow a similar path as Netflix in reporting a slowdown in user growth due to consumers leaving their homes more, as the pandemic appears to be waning in the US.</p>\n<p>Those fears of slowing growth evaporated, however, with this Roku earnings report and investor sentiment seems to be switching to positive for Roku on the back of the secular growth story of consumers increasingly cutting the cord. Evenolder Americans have finally bought into the cord cutting trendand are shifting toConnected TV(CTV) only.</p>\n<p>More importantly, investors are starting to notice Roku's increasing ability to monetize their users, with most of that monetization taking place through advertising and Roku is starting to truly become a force in advertising.</p>\n<p><b>An Emerging Powerhouse In Advertising</b></p>\n<p>Up until the pandemic, CTV streaming did not have much power in the advertising world. Historically, the biggest impediment to Roku's CTV ad business growth has been TV adbuyers' preference to use traditionallinear TVadvertising versus advertising on streaming platforms.</p>\n<p>When the pandemic hit full force in the spring of last year, it forced the big ad buying event for linear TV, which are known as the\"Upfronts\", to be cancelled. This had a huge effect on the ad industry, as normally, the Upfronts are where publishers negotiate to sell up to 80% of their annual ad inventory.</p>\n<p>The emergence of COVID-19, however, shocked the world and shocked the advertising industry. Many advertisers paused their advertising in a time of great uncertainty and when those advertisers did begin to restart their advertising campaigns, many of them began experimenting withprogrammatic digital advertising. What those advertisers discovered is that enjoyed theflexibility of various digital advertising formatsover linear TV legacy advertising model, which is not veryflexible.</p>\n<p>Advertisers also noticed during the pandemic that cord cutting had begun to accelerate and viewers moving from linear TV to OTT was becoming more apparent. According to Nielsen's March ratings, linear TV ratings for adults 18 to 24 were down 22% and linear TV ad spending in the first quarter was down 11% and according to Media Radar. Meanwhile, Roku doubled their monetized video ad impressions on their platform. Also, ad spending by major agency holding companies more than doubled on the Roku platform.</p>\n<p>Over time, advertisers always follow where the audience goes and increasingly the audience was moving to streaming and moving to Roku. Advertisers, however, are fairly conservative and are often reluctant to try new things, so there still is a little lag in advertisers moving their advertising to Roku, in comparison to the amount of viewers that Roku has currently attracted but the size of that gap is already closing.</p>\n<p>Digital advertising formats simply have too many advantagesover linear TV ad formats for advertisers to decide not to move more of their ad budget over to platforms like Roku. Roku's ad technology has enabled advertisers to precisely reach any subset category of Roku's large and growing audience, which in turn improves the Return On Investment (ROI) of every dollar a brand spends with Roku.</p>\n<blockquote>\n So while we continue to aggressively grow our business with ad age top 200 advertisers, we grew business with non-top 200 advertisers significantly faster. I think that's an indication of the broad appeal of our platform to all advertisers, both traditional, top of funnel, branding-oriented advertisers as well as mid and long-tail advertisers who are focused on performance. I'd offer up an example with Home Chef, a very performance-based advertiser who invested with us and\n <b>saw 2.4x return on ad spend and then came back and significantly invested more with us</b>.Source: Scott Rosenberg - SVP, GM, Platform Business -Roku Q1 2021 Earnings Call\n</blockquote>\n<p><b>Content Distribution</b></p>\n<p>One other interesting aspect of Roku's powerful advertising platform is that it has become one of the major places that content creators can advertise both their OTT streaming service and their content.</p>\n<p>All major legacy media companies with rich content libraries have finally made the move to embrace the streaming transformation. Roku now has all of the major premium DTC (direct to consumer) services on their platform, including Discovery+ (NASDAQ:DISCK), Disney+ (NYSE:DIS), HBO Max (NYSE:T), Paramount+ (NASDAQ:VIAC), Peacock (NASDAQ:CMCSA) , Amazon Prime Video (NASADAQ:AMZN), Apple TV+ (NASDAQ:AAPL), Hulu, and Netflix.</p>\n<p>Media companies, in a highly competitive environment have started bringing their best TV and film content to their DTC services to attract and retain viewers. In order to compete, content creators are investing heavily in Roku's promotion andperformance-driven marketingtools to build their TV streaming audiences.</p>\n<p>Media companies are investing so much money into advertising their content on Roku that media and entertainment advertising grew faster than the overall Roku platform during the quarter. Helping media companies gainan audience for their content is a big part of Roku's business, which is why Roku has recently been very active in developing performance-driven marketing tools to help media and entertainment, as well as other innovative advertising technology.</p>\n<p><b>Collecting Some Serious Advertising Tools</b></p>\n<p>In November 2019,Roku completed an acquisition of a company called Dataxu, a demand-side platform (DSP) and Roku rebranded that platform as OneView®, which is a marriage between Roku's own user data to Dataxu's DSP data. That was my first clue that Roku had the intention of becoming a major competitor to The Trade Desk inProgrammatic OTT advertising. This past February, I explained what a DSP does in anarticle about The Trade Desk.</p>\n<p>Roku designed OneView® to satisfy marketers that now wantself-serve capabilitiesto optimize and measure effectiveness of advertising across different screens. The OneView® platform integrates the reach, inventory, and capabilities of Roku advertising with the identity and attribution tools of demand-side platform dataxu.</p>\n<p>Since, Roku introduced the OneView® product in May of 2020, the premium product has already gained a large role in Roku's advertising relationships. Recently, Roku made abig presentation at the IAB NewFronts, where many of the advantages of the platform were highlighted. Roku showed statistics showing OneView® offering 64% higher weekly reach than the top three broadcast channels. OneView® processes 1 trillion identity signals every week. OneView® is the first-ever ad platform to feature audience guarantees andfour-screen audience measurement. Four screen audience measurement is a reference to the ability to measure audiences across TV, Computers (including desktops, laptops and netbooks), Tablets and Smartphones.</p>\n<p>One of the things that Roku has announced with OneView® that will further disrupt the traditional linear TV ad market is reducing the ad cancelation option that allows an advertiser to cancel100% of an Upfront commitment down to 2 days. Before the pandemic, Upfront deal terms for linear TV would only allow advertisers to cancel a percentage of their quarterly spending commitment by submitting a cancelation request at least 60 days before the next quarter begins. Advertisers, however, prefer the flexibility to cancel advertising campaigns in much shorter time periods, especially during uncertain times like the pandemic.</p>\n<p>One other tool that Roku added to their advertising toolbox this quarter is theacquisition of Nielsen's Advanced Video Advertising(AVA) business, which includes Nielsen's video automatic content recognition (ACR) and dynamic ad insertion (DAI) technologies. Nielsen and Roku have also entered into a long-term strategic partnership to integrate complementary Nielsen ad and content measurement products into the Roku platform.</p>\n<p>ACR tech has the capability of unlocking very creative forms of ad targeting, like showing an ad on CTV to someone unexposed to the same ad on linear TV. ACR tech can also help create dynamic ad insertion on linear TV and cable TV networks. Advertisers can also use ACR technology to connect ad spend to business goals, like driving in-store traffic, and designing better TV ad campaigns.Nielsen has already tested its DAI systemwith a number of programmers including AMC Networks, CBS, Discovery, NBCUniversal and WarnerMedia.</p>\n<p><b>The Roku Channel</b></p>\n<p>The Roku Channel was started almost four years ago as a way to innovate in the viewer experience. One of the innovations in the viewer experience that Roku has become heavily involved in is developing and experimenting with different types of ad products for Roku's advertiser clients.</p>\n<p>Some of the ad products being used on The Roku channel are not possible when Roku serves ads into a third-party channel, like having the ability create sponsorships or different interesting integrations. Having the Roku Channel as a platform has also allowed the company tolaunch a brand studioto produce new creative ad formats for advertisers on The Roku Channel.</p>\n<p>The Roku Channel has become a very important platform for Roku to flex its advertising muscle. The Roku Channel is increasingly attracting the interest of advertisers because of its effectiveness. Management recently highlighted Taco Bell as an example in the Q1 Earnings call.</p>\n<blockquote>\n Taco Bell, for example, found that The Roku Channel is five times more efficient at reaching adults 18-plus because of our ability to target and control frequency relative to a traditional linear TV investment.Source:Roku Q1 2021 Earnings Call\n</blockquote>\n<p>The Roku Channel or TRC, utilizes a business strategy called \"The Flywheel\" concept. TRC operates a truly virtuous cycle which revolves around more and more viewers watching The Roku Channel, thereby attracting more advertisers to spend more money on TRC, which then allows Roku to spend more money on better content for TRC, which gives the flywheel more momentum moving forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a486d0c8df8381f08c5b03671233162c\" tg-width=\"532\" tg-height=\"514\"><span>Source:Roku Q1 2021 Shareholder Letter</span></p>\n<p>Currently, The Roku Channel licenses content from almost 175 different companies. As The Roku Channel content budget grows, the investment in content will grow in-line with the revenue. Over time this will allow The Roku Channel to do more creative deals, license more original content, or acquire content, like for example,the recent acquisition of Quibi, which has given TRC access to more than 75 shows and documentaries created by Quibi and Hollywood-based studios. The Quibi content is being rebranded as \"Roku Originals\" andwill debut on May 20th.</p>\n<p>Last but not least, TRC also serves as a place where Roku content providers can market their services and drive awareness of their product by using a free tier by which to help surface their content. Currently, TRC is highlighting a total of 40 series premieres of both new and old content from different streaming services. A few familiar series that are being highlighted are City On A Hill from Showtime; Outlander from Starz; Dexter from Showtime; Power from Starz; The Knick from Cinemax and so many more.</p>\n<p><b>Roku Original Content</b></p>\n<p>\"Cypher,\" has recently become one of TRC's first biggest stabs at original content. The show is an FBI-set crime drama series, that premiered exclusively on TRC on March 19 in the U.S. and Canada.</p>\n<p><b>Valuation</b></p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Mkt Cap</td>\n   <td><p>Price/Sales (TTM)</p></td>\n   <td>Levered Free Cash Flow Margin %</td>\n   <td>EV/Sales (FWD)</td>\n   <td>Revenue Growth (Y/Y) %</td>\n   <td>Gross Margins (TTM) %</td>\n  </tr>\n  <tr>\n   <td>Netflix (NFLX)</td>\n   <td>$218.76B</td>\n   <td>8.26</td>\n   <td>51.32%</td>\n   <td>7.67</td>\n   <td>23.31</td>\n   <td>41.10%</td>\n  </tr>\n  <tr>\n   <td>Roku (ROKU)</td>\n   <td>$41.83B</td>\n   <td>19.65</td>\n   <td>10.34%</td>\n   <td>14.65</td>\n   <td>63.46</td>\n   <td>48.92</td>\n  </tr>\n  <tr>\n   <td>The Trade Desk (TTD)</td>\n   <td>$24.62B</td>\n   <td>27.02</td>\n   <td>23.06%</td>\n   <td>21.27</td>\n   <td>27.75</td>\n   <td>78.88</td>\n  </tr>\n  <tr>\n   <td>Magnite (MGNI)</td>\n   <td>$3.22B</td>\n   <td>11.36</td>\n   <td>13.26%</td>\n   <td>7.99</td>\n   <td>53.50</td>\n   <td>65.66</td>\n  </tr>\n  <tr>\n   <td>Viant Technology (DSP)</td>\n   <td>$314.87M</td>\n   <td>0.07</td>\n   <td>3.74%</td>\n   <td>1.40</td>\n   <td>0.22%</td>\n   <td>46.78</td>\n  </tr>\n </tbody>\n</table>\n<p>In aprevious article that I wrote about Roku, I mentioned that the company derives most of its revenue through advertising. However, I believe that the low margin hardware that the company sells is a big advantage that differentiates Roku from other ad-tech players.</p>\n<p>Looking on the surface by focusing strictly on profitability numbers like gross margins, it would appear that Roku's hardware business has them at a disadvantage with gross margins at around 49%, compared to The Trade Desk's at 79% and Magnite at 66%.</p>\n<p>However, what the hardware business does for Roku is that it helps them to establish theRoku OSas one of theprimary Operating Systems for the Smart TV within the USA. The only other Smart TV OS that is currently competitive with Roku within the US is Amazon's (NASDAQ:AMZN)Fire TV OS. Additionally, Roku is starting to successfully expand their Smart TV OS worldwide. Although, I have not delved much into Roku's risks in this article, I will mention here that one major risk for Roku is if multiple competitive Smart TV Operating systems like Fire TV, Android TV and Tizen OS from Samsung (Grey Market:OTC:SSNLF) overtakes Roku's Smart TV Operating System.</p>\n<p>Roku Hardware and OS is a platform in which gives the company the ability to collect unique user data that can be used within Roku's advertising tools. The platform gives Roku some data advantages over competing independent DSP's like The Trade Desk. Long term, I think those data advantages will put Roku in a much better competitive position towards giving advertisers the results that they want versus other DSPs and that will be worth the cost of the lower margins, which having a hardware-based platform produces.</p>\n<p>Currently, I believe companies like The Trade Desk and Magnite are buys, especially after investors recently began fleeing many ad-tech stocks. However, I also believe that Roku is even a better buy in comparison to The Trade Desk because I believe Roku is likely destined to become one of the premier ad-tech company in CTV streaming as advertising dollars moves away from linear TV. I believe Roku deserves a Price to Sales closer to where The Trade Desk is trading currently. While The Trade Desk has more profitability than Roku, this quarter, Roku grew revenues twice as fast as The Trade Desk.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98afa4ce8570d1c739168ce41d3ff361\" tg-width=\"635\" tg-height=\"436\"><span>Data byYCharts</span></p>\n<p>The obvious companies to where linear TV ad dollars might go are Google and Facebook. However, I think Roku is still not so obvious yet to many investors as being among the largest beneficiaries of the shift of ad dollars away from linear TV. Both The Trade Desk and Magnite will benefit too but not as much as Roku, as Roku can be viewed as almost a pure play on streaming ad technology for CTV, while both The Trade Desk and Magnite still have rather large businesses in web-based programmatic advertising that are currently being impacted by thechanges to IDFA in Apple's iOS 14.5 update. Roku is far less impacted by Apple's changes, which might be why Roku's stock has been performing better than many other ad-tech stocks recently.</p>\n<p>Long term, I believe that once investors figure out how much Roku is due to benefit from this once in a lifetime shift in advertising dollars, the stock will likely go much higher over the next three to five years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee296d86c03cd72d9bae48ea24ad8344\" tg-width=\"473\" tg-height=\"413\"><span>Source:Yahoo Finance</span></p>\n<p><b>Conclusion</b></p>\n<p>One thing that investors should understand about Roku is that while the company has a lot of moving parts, the company is primarily an Ad-tech company, which is why I focused so much on Roku's advertising platform in this article.</p>\n<p>The world is moving intoan era where highly-targeted, personalized advertising will be the only way to succeed in today's marketing world. Roku is building out some of the best tools for advertisers to be able to efficiently target users and increase their ROI.</p>\n<p>I believe that once investors recognize Roku's huge value to marketers, that the company will be rewarded with a far higher stock price over the long term. Roku is a buy at current prices for investors with a three to five year time horizon.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roku: Seeing The Future Of CTV Advertising</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\">\nRoku: Seeing The Future Of CTV Advertising\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 22:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4429607-roku-seeing-the-future-of-ctv-advertising><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe Roku earnings report was heavily anticipated after the recent earnings disappointment from Netflix in late April.\nRoku stock jumped up around 10% after reporting an outstanding first ...</p>\n\n<a href=\"https://seekingalpha.com/article/4429607-roku-seeing-the-future-of-ctv-advertising\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"source_url":"https://seekingalpha.com/article/4429607-roku-seeing-the-future-of-ctv-advertising","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1140936315","content_text":"Summary\n\nThe Roku earnings report was heavily anticipated after the recent earnings disappointment from Netflix in late April.\nRoku stock jumped up around 10% after reporting an outstanding first quarter earnings on May 6th that soundly beat analyst expectations.\nCord cutting is proving out to be a secular growth trend benefiting Roku.\nRoku is an emerging powerhouse in CTV advertising.\nRoku is Buy at current prices.\n\nPhoto by Michael Vi/iStock Editorial via Getty Images\nRoku (NASDAQ:ROKU) stock jumped up around 10% after recently reporting an outstanding first quarter earnings on May 6th that soundly beat analyst expectations on revenues and EPS, as well as the company guiding to well above-consensus second quarter net revenues.\nData byYCharts\nThe Roku earnings report was heavily anticipated after therecent earnings disappointment from Netflix(NASDAQ:NFLX) in late April. Some Roku investors had been fearful that bad earnings by Netflix could also mean poor results from Roku, as streaming is an industry that is perceived to have benefited greatly from the pandemic and as consumers start venturing outside the home again, \"COVID stocks\" are starting to move towards being \"out of favor\" among investors.\nRoku's earnings, however, actually appears to prove out a theory thatNetflix's loss is Roku's gainbecause Netflix might now be legitimately facing strong competition from other streaming options like Disney plus(NYSE:DIS). More streaming options seems to heavily favor Roku's business model over Netflix. The secular growth story of more consumers cutting the cord to pursue more streaming options seems to be winning out over \"Roku is only a COVID stock\" narrative.\nRoku's subscriber growth, while not outstanding in comparison to subscriber growth in 2020, also did not fall off a cliff. Roku added 2.4 million accounts in the quarter, growing the number of accounts on the platform by 35% year-over-year. Roku's engagement numbers also grew heavily as Roku viewers collectively watched 18.3 billion hours of content through Roku during Q1, which was up 49% year-over-year.\nUnder the backdrop of recent market weakness overinflation fearsandthreats by the Biden Administration to raise capital gains taxes, plus the perception by some that Roku is merely a \"COVID stock\" that benefited from \"shelter-in-place\", there might be some investors that are asking themselves, \"Does Roku's recent performance justifies buying its stock at current prices?\"\nThis article will review the recent earnings results and will hopefully answer that question.\nRoku Q1 2021 Earnings\nSource:Roku Q1 2021 Investor Letter\nTotal Q1 revenue increased a record 79% year-over-year to $574.2 million, beating analyst expectations by $82.90M. Platform segment revenue was up 101% year-over-year to $466.5 million and represented 81% of total revenue. Player revenue grew 22% year-over-year, in line with company expectations at $107.7 million.\nData byYCharts\nData byYChartsA Secular Growth Story\nEver since COVID-19 accelerated growth for Roku last year, there has been a perception that Roku is only a \"COVID play\" and that once the economy reopened that everything would begin grinding to a halt for Roku.\nSo far that narrative is not really playing out for Roku. While the pandemic might have pulled forward some demand in 2020, user growth has remained relatively robust this quarter, as stated previously, the company added 2.4 million accounts in the quarter to reach a total of 53.6 million accounts. Roku is now reaching over 40% of broadband households in the USA.\nMore importantly, streaming hours has continued to quickly expand for Roku to 18.3 billion, which is up 1.4 billion hours sequentially and up 6 billion versus the first quarter last year. So, while the pandemic might have accelerated consumers transitioning to streaming, cord cutting is proving to be a strong secular growth phenomenon and that growth should continue on into the economic recovery phase.\nRoku also monetized the increased usage more than it ever has before. Roku's ARPU rose 32% year-over-year. The increased monetization can be attributed torebounding ad spend, new ad targeting products like therecently acquired Nielsen video advertisement business, and huge growth from The Roku Channel, which during the quarter reached an estimated 70 million people within U.S. households, more than doubling viewers from Q1 2020.\nProfitability\nData byYCharts\n\nRoku's big jump in revenue growth also has coincided with a big jump in profitability. Gross profit grew a record 132% year-over-year in Q1 to $326.8 million, resulting in a record gross margin of 57%.\nRoku's platform gross margins expanded 1,070 basis points. Player gross margins expanded 190 basis points, although that likely won't be sustained moving forward. Q1 is traditionally a lighter promotional period in the retail calendar, resulting in higher-than-average player gross margins. Those player margins should drop in Q2 and moving forward\nData byYCharts\nData byYCharts\nQ1 OpEx was $251 million, up 28% year-over-year. With revenues growing 79% year-over-year, Roku had positive operating leverage during the quarter, although moving forward that type of leverage won't be sustainable. Q1 was the last quarter before the company begins lapping COVID-related actions in 2020 that slowed the rate of OpEx and CapEx growth last year, in order for the company to manage uncertainty. Therefore, more difficult expense growth comparisons moving forward are very likely.\nData byYCharts\nQ1 adjusted EBITDA of $125.9 million exceeded company outlook due to the outperformance in Platform monetization. Adjusted EBITDA margins came in at a record-high 21.9%. Roku Q1 GAAP EPS of $0.54 beats by $0.67.\nSource:Seeking Alpha\nBalance Sheet\nData byYCharts\nRoku significantly strengthened its cash and liquidity position in Q1 byraising approximately $1 billionin incremental equity capital via an at-the-market (ATM) offering in March. Roku ended Q1 with approximately $2.1 billion of cash, cash equivalents, restricted cash and short-term investments.\nData byYCharts\nData byYCharts\nRoku has Total Current Liabilities of $628.12 million. Roku's Debt to Equity ratio is .038. Generally, aDebt to Equity ratio below 1 is good and means less risk. Roku has aQuick Ratioor \"Acid Test\" Ratio of 4.10, which essentially means that Roku is very far from becoming insolvent in the near term.\nGuidance\nSource:Seeking Alpha\nMany favorable trends for Roku are expected to persist moving forward into next quarter. Roku guided for Q2 total net revenue of $615 million at the midpoint, up 73% year-over-year and total gross profit of $300 million at the midpoint, up 104% year-over-year. This implies an overall gross margin of approximately 49%. Roku is projecting revenue growth rates in the second half of 2021 that will be at a slower rate than the first half.\nRoku projects full year overall gross margins to be in the high 40% range. Platform gross margin should be similar to 2020 levels, with the expectation that the outperformance of content distribution should normalize in Q2 and in the back half of the year.\nAs for the player business, investors should not expect player gross margins to remain high moving forward, as Roku optimizes for account growth, rather than player gross profit. Currently, Roku is experiencing supply chain issues, so investors should expect slightly negative player margins for Q2 and the likelihood of increasing negative player margins in the second half of 2021, given probable component cost increases.\nGross profit growth is expected to continue to outpace OpEx growth, resulting in Q2 adjusted EBITDA of $65 million at the midpoint. Q2 OpEx is expected to be roughly 15% higher than in Q1. Q2 is when Roku begins lapping the pandemic effects of last year. OpEx is expected to be up partially because of organic headcount growth and also the inclusion of OpEx related to recent acquisitions.\nWhat's The Upshot Of All This?\nRoku has been in a downtrend since March, with the catalyst being general market weakness brought on byrising bond yield ratesdue to inflation fears. The downtrend in the stock price was exacerbated by a general belief in the investor community that Roku would follow a similar path as Netflix in reporting a slowdown in user growth due to consumers leaving their homes more, as the pandemic appears to be waning in the US.\nThose fears of slowing growth evaporated, however, with this Roku earnings report and investor sentiment seems to be switching to positive for Roku on the back of the secular growth story of consumers increasingly cutting the cord. Evenolder Americans have finally bought into the cord cutting trendand are shifting toConnected TV(CTV) only.\nMore importantly, investors are starting to notice Roku's increasing ability to monetize their users, with most of that monetization taking place through advertising and Roku is starting to truly become a force in advertising.\nAn Emerging Powerhouse In Advertising\nUp until the pandemic, CTV streaming did not have much power in the advertising world. Historically, the biggest impediment to Roku's CTV ad business growth has been TV adbuyers' preference to use traditionallinear TVadvertising versus advertising on streaming platforms.\nWhen the pandemic hit full force in the spring of last year, it forced the big ad buying event for linear TV, which are known as the\"Upfronts\", to be cancelled. This had a huge effect on the ad industry, as normally, the Upfronts are where publishers negotiate to sell up to 80% of their annual ad inventory.\nThe emergence of COVID-19, however, shocked the world and shocked the advertising industry. Many advertisers paused their advertising in a time of great uncertainty and when those advertisers did begin to restart their advertising campaigns, many of them began experimenting withprogrammatic digital advertising. What those advertisers discovered is that enjoyed theflexibility of various digital advertising formatsover linear TV legacy advertising model, which is not veryflexible.\nAdvertisers also noticed during the pandemic that cord cutting had begun to accelerate and viewers moving from linear TV to OTT was becoming more apparent. According to Nielsen's March ratings, linear TV ratings for adults 18 to 24 were down 22% and linear TV ad spending in the first quarter was down 11% and according to Media Radar. Meanwhile, Roku doubled their monetized video ad impressions on their platform. Also, ad spending by major agency holding companies more than doubled on the Roku platform.\nOver time, advertisers always follow where the audience goes and increasingly the audience was moving to streaming and moving to Roku. Advertisers, however, are fairly conservative and are often reluctant to try new things, so there still is a little lag in advertisers moving their advertising to Roku, in comparison to the amount of viewers that Roku has currently attracted but the size of that gap is already closing.\nDigital advertising formats simply have too many advantagesover linear TV ad formats for advertisers to decide not to move more of their ad budget over to platforms like Roku. Roku's ad technology has enabled advertisers to precisely reach any subset category of Roku's large and growing audience, which in turn improves the Return On Investment (ROI) of every dollar a brand spends with Roku.\n\n So while we continue to aggressively grow our business with ad age top 200 advertisers, we grew business with non-top 200 advertisers significantly faster. I think that's an indication of the broad appeal of our platform to all advertisers, both traditional, top of funnel, branding-oriented advertisers as well as mid and long-tail advertisers who are focused on performance. I'd offer up an example with Home Chef, a very performance-based advertiser who invested with us and\n saw 2.4x return on ad spend and then came back and significantly invested more with us.Source: Scott Rosenberg - SVP, GM, Platform Business -Roku Q1 2021 Earnings Call\n\nContent Distribution\nOne other interesting aspect of Roku's powerful advertising platform is that it has become one of the major places that content creators can advertise both their OTT streaming service and their content.\nAll major legacy media companies with rich content libraries have finally made the move to embrace the streaming transformation. Roku now has all of the major premium DTC (direct to consumer) services on their platform, including Discovery+ (NASDAQ:DISCK), Disney+ (NYSE:DIS), HBO Max (NYSE:T), Paramount+ (NASDAQ:VIAC), Peacock (NASDAQ:CMCSA) , Amazon Prime Video (NASADAQ:AMZN), Apple TV+ (NASDAQ:AAPL), Hulu, and Netflix.\nMedia companies, in a highly competitive environment have started bringing their best TV and film content to their DTC services to attract and retain viewers. In order to compete, content creators are investing heavily in Roku's promotion andperformance-driven marketingtools to build their TV streaming audiences.\nMedia companies are investing so much money into advertising their content on Roku that media and entertainment advertising grew faster than the overall Roku platform during the quarter. Helping media companies gainan audience for their content is a big part of Roku's business, which is why Roku has recently been very active in developing performance-driven marketing tools to help media and entertainment, as well as other innovative advertising technology.\nCollecting Some Serious Advertising Tools\nIn November 2019,Roku completed an acquisition of a company called Dataxu, a demand-side platform (DSP) and Roku rebranded that platform as OneView®, which is a marriage between Roku's own user data to Dataxu's DSP data. That was my first clue that Roku had the intention of becoming a major competitor to The Trade Desk inProgrammatic OTT advertising. This past February, I explained what a DSP does in anarticle about The Trade Desk.\nRoku designed OneView® to satisfy marketers that now wantself-serve capabilitiesto optimize and measure effectiveness of advertising across different screens. The OneView® platform integrates the reach, inventory, and capabilities of Roku advertising with the identity and attribution tools of demand-side platform dataxu.\nSince, Roku introduced the OneView® product in May of 2020, the premium product has already gained a large role in Roku's advertising relationships. Recently, Roku made abig presentation at the IAB NewFronts, where many of the advantages of the platform were highlighted. Roku showed statistics showing OneView® offering 64% higher weekly reach than the top three broadcast channels. OneView® processes 1 trillion identity signals every week. OneView® is the first-ever ad platform to feature audience guarantees andfour-screen audience measurement. Four screen audience measurement is a reference to the ability to measure audiences across TV, Computers (including desktops, laptops and netbooks), Tablets and Smartphones.\nOne of the things that Roku has announced with OneView® that will further disrupt the traditional linear TV ad market is reducing the ad cancelation option that allows an advertiser to cancel100% of an Upfront commitment down to 2 days. Before the pandemic, Upfront deal terms for linear TV would only allow advertisers to cancel a percentage of their quarterly spending commitment by submitting a cancelation request at least 60 days before the next quarter begins. Advertisers, however, prefer the flexibility to cancel advertising campaigns in much shorter time periods, especially during uncertain times like the pandemic.\nOne other tool that Roku added to their advertising toolbox this quarter is theacquisition of Nielsen's Advanced Video Advertising(AVA) business, which includes Nielsen's video automatic content recognition (ACR) and dynamic ad insertion (DAI) technologies. Nielsen and Roku have also entered into a long-term strategic partnership to integrate complementary Nielsen ad and content measurement products into the Roku platform.\nACR tech has the capability of unlocking very creative forms of ad targeting, like showing an ad on CTV to someone unexposed to the same ad on linear TV. ACR tech can also help create dynamic ad insertion on linear TV and cable TV networks. Advertisers can also use ACR technology to connect ad spend to business goals, like driving in-store traffic, and designing better TV ad campaigns.Nielsen has already tested its DAI systemwith a number of programmers including AMC Networks, CBS, Discovery, NBCUniversal and WarnerMedia.\nThe Roku Channel\nThe Roku Channel was started almost four years ago as a way to innovate in the viewer experience. One of the innovations in the viewer experience that Roku has become heavily involved in is developing and experimenting with different types of ad products for Roku's advertiser clients.\nSome of the ad products being used on The Roku channel are not possible when Roku serves ads into a third-party channel, like having the ability create sponsorships or different interesting integrations. Having the Roku Channel as a platform has also allowed the company tolaunch a brand studioto produce new creative ad formats for advertisers on The Roku Channel.\nThe Roku Channel has become a very important platform for Roku to flex its advertising muscle. The Roku Channel is increasingly attracting the interest of advertisers because of its effectiveness. Management recently highlighted Taco Bell as an example in the Q1 Earnings call.\n\n Taco Bell, for example, found that The Roku Channel is five times more efficient at reaching adults 18-plus because of our ability to target and control frequency relative to a traditional linear TV investment.Source:Roku Q1 2021 Earnings Call\n\nThe Roku Channel or TRC, utilizes a business strategy called \"The Flywheel\" concept. TRC operates a truly virtuous cycle which revolves around more and more viewers watching The Roku Channel, thereby attracting more advertisers to spend more money on TRC, which then allows Roku to spend more money on better content for TRC, which gives the flywheel more momentum moving forward.\nSource:Roku Q1 2021 Shareholder Letter\nCurrently, The Roku Channel licenses content from almost 175 different companies. As The Roku Channel content budget grows, the investment in content will grow in-line with the revenue. Over time this will allow The Roku Channel to do more creative deals, license more original content, or acquire content, like for example,the recent acquisition of Quibi, which has given TRC access to more than 75 shows and documentaries created by Quibi and Hollywood-based studios. The Quibi content is being rebranded as \"Roku Originals\" andwill debut on May 20th.\nLast but not least, TRC also serves as a place where Roku content providers can market their services and drive awareness of their product by using a free tier by which to help surface their content. Currently, TRC is highlighting a total of 40 series premieres of both new and old content from different streaming services. A few familiar series that are being highlighted are City On A Hill from Showtime; Outlander from Starz; Dexter from Showtime; Power from Starz; The Knick from Cinemax and so many more.\nRoku Original Content\n\"Cypher,\" has recently become one of TRC's first biggest stabs at original content. The show is an FBI-set crime drama series, that premiered exclusively on TRC on March 19 in the U.S. and Canada.\nValuation\n\n\n\nCompany\nMkt Cap\nPrice/Sales (TTM)\nLevered Free Cash Flow Margin %\nEV/Sales (FWD)\nRevenue Growth (Y/Y) %\nGross Margins (TTM) %\n\n\nNetflix (NFLX)\n$218.76B\n8.26\n51.32%\n7.67\n23.31\n41.10%\n\n\nRoku (ROKU)\n$41.83B\n19.65\n10.34%\n14.65\n63.46\n48.92\n\n\nThe Trade Desk (TTD)\n$24.62B\n27.02\n23.06%\n21.27\n27.75\n78.88\n\n\nMagnite (MGNI)\n$3.22B\n11.36\n13.26%\n7.99\n53.50\n65.66\n\n\nViant Technology (DSP)\n$314.87M\n0.07\n3.74%\n1.40\n0.22%\n46.78\n\n\n\nIn aprevious article that I wrote about Roku, I mentioned that the company derives most of its revenue through advertising. However, I believe that the low margin hardware that the company sells is a big advantage that differentiates Roku from other ad-tech players.\nLooking on the surface by focusing strictly on profitability numbers like gross margins, it would appear that Roku's hardware business has them at a disadvantage with gross margins at around 49%, compared to The Trade Desk's at 79% and Magnite at 66%.\nHowever, what the hardware business does for Roku is that it helps them to establish theRoku OSas one of theprimary Operating Systems for the Smart TV within the USA. The only other Smart TV OS that is currently competitive with Roku within the US is Amazon's (NASDAQ:AMZN)Fire TV OS. Additionally, Roku is starting to successfully expand their Smart TV OS worldwide. Although, I have not delved much into Roku's risks in this article, I will mention here that one major risk for Roku is if multiple competitive Smart TV Operating systems like Fire TV, Android TV and Tizen OS from Samsung (Grey Market:OTC:SSNLF) overtakes Roku's Smart TV Operating System.\nRoku Hardware and OS is a platform in which gives the company the ability to collect unique user data that can be used within Roku's advertising tools. The platform gives Roku some data advantages over competing independent DSP's like The Trade Desk. Long term, I think those data advantages will put Roku in a much better competitive position towards giving advertisers the results that they want versus other DSPs and that will be worth the cost of the lower margins, which having a hardware-based platform produces.\nCurrently, I believe companies like The Trade Desk and Magnite are buys, especially after investors recently began fleeing many ad-tech stocks. However, I also believe that Roku is even a better buy in comparison to The Trade Desk because I believe Roku is likely destined to become one of the premier ad-tech company in CTV streaming as advertising dollars moves away from linear TV. I believe Roku deserves a Price to Sales closer to where The Trade Desk is trading currently. While The Trade Desk has more profitability than Roku, this quarter, Roku grew revenues twice as fast as The Trade Desk.\nData byYCharts\nThe obvious companies to where linear TV ad dollars might go are Google and Facebook. However, I think Roku is still not so obvious yet to many investors as being among the largest beneficiaries of the shift of ad dollars away from linear TV. Both The Trade Desk and Magnite will benefit too but not as much as Roku, as Roku can be viewed as almost a pure play on streaming ad technology for CTV, while both The Trade Desk and Magnite still have rather large businesses in web-based programmatic advertising that are currently being impacted by thechanges to IDFA in Apple's iOS 14.5 update. Roku is far less impacted by Apple's changes, which might be why Roku's stock has been performing better than many other ad-tech stocks recently.\nLong term, I believe that once investors figure out how much Roku is due to benefit from this once in a lifetime shift in advertising dollars, the stock will likely go much higher over the next three to five years.\nSource:Yahoo Finance\nConclusion\nOne thing that investors should understand about Roku is that while the company has a lot of moving parts, the company is primarily an Ad-tech company, which is why I focused so much on Roku's advertising platform in this article.\nThe world is moving intoan era where highly-targeted, personalized advertising will be the only way to succeed in today's marketing world. Roku is building out some of the best tools for advertisers to be able to efficiently target users and increase their ROI.\nI believe that once investors recognize Roku's huge value to marketers, that the company will be rewarded with a far higher stock price over the long term. Roku is a buy at current prices for investors with a three to five year time horizon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106792735,"gmtCreate":1620143650127,"gmtModify":1704339321615,"author":{"id":"3579784300187475","authorId":"3579784300187475","name":"Jarenng","avatar":"https://static.tigerbbs.com/2c8245ce558dbd1566093156fae9c877","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579784300187475","authorIdStr":"3579784300187475"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>where is the moon?","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>where is the moon?","text":"$Mind Medicine (MindMed) Inc.(MNMD)$where is the moon?","images":[{"img":"https://static.tigerbbs.com/a382fe184a3a838e605f3f2c810773f0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/106792735","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}