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2021-06-16
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3 historic precedents show tech stocks will go higher
MamaA
2021-04-27
[Strong]
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MamaA
2021-04-27
Always interesting to listen in to Berkshire AGM
Berkshire Hathaway’s Annual Meeting Is Saturday. Here’s What Warren Buffett Is Likely to Be Asked About.
Go to Tiger App to see more news
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Coming out of these corrections, it is common to see another leg higher in the market, and there are three historical precedents that demonstrate that.</p> \n<p>You might be thinking “What correction? The S&P 500 closed at an all-time high last week.” Please keep in mind I’m referring to growth stocks, which have clearly been in a correction since early February of this year.</p> \n<p>The first example is 1995. That year, the Nasdaq Composite was up +40% and the rally continued into May 1996. After correcting close to 20%, the next move higher began in September 1996, and ultimately accelerated into the great bull market of the late 1990s.</p> \n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f3528ebd806cab170d5527a8c6944ab\" tg-width=\"705\" tg-height=\"483\" referrerpolicy=\"no-referrer\"><span>Chart is provided by MarketSmith</span></p> \n<p>In 2003, the Nasdaq Composite gained +50% and eventually peaked in January 2004. After consolidating for seven months, the next leg up began in September 2004. According toMike Cintolo, Chief Analyst at Cabot Growth Investor, “The upmove after that didn’t get far into new high ground, but it was an excellent stretch. That’s when Apple (AAPL) and Google (GOOG,GOOGL) really began their mega-runs.”</p> \n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82392c6ea25ffbff91d45712b387f1fa\" tg-width=\"705\" tg-height=\"492\" referrerpolicy=\"no-referrer\"><span>Chart is provided by MarketSmith</span></p> \n<p>Finally, in 2009, the Nasdaq Composite rose +44% and continued into April 2010. After a four-month correction, the index resumed its advance in September 2010, and then gained over +30% into early 2011. More importantly, for growth stock traders, many stocks such as Lululemon (LULU) and Chipotle Mexican Grill (CMG) saw triple-digit gains during that run.</p> \n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67fbdf1aff349383d3e422173fa53dff\" tg-width=\"705\" tg-height=\"483\" referrerpolicy=\"no-referrer\"><span>Chart is provided by MarketSmith</span></p> \n<p>These three historical precedents provide a decent blueprint for today’s Nasdaq Composite. Last year’s gain carried into this year before peaking in February. Since then, the index has corrected for approximately four months, and is now looking to make another move higher. We still have to get through a few events in June such as the Fed meeting this week, the annual Russell 2000 rebalancing on June 25, and normal end of the quarter portfolio adjustments. There could be some volatility around these events, but eventually, it looks like technology is ready for the next leg higher. It could begin in early July as the market starts to anticipate the next round of earnings reports.</p> \n<p>Regarding the upcoming Fed meeting, it seems like market participants have had the same fears before every recent meeting. They are worried the Fed will hint at “tapering” or slowing down their monthly bond purchases, and eventually map out a course for raising interest rates. Fed Chair Powell has made it perfectly clear that he will take his time with this process, and I don’t see anything being done until early 2022. Many people might disagree with the Fed’s actions because several economic measures are back to pre-pandemic levels; however, the Fed would rather be late in normalizing rates than early. Don’t argue with it — take advantage of this equity friendly environment.</p> \n<p>If there’s an unforeseen event that causes the market to stall over the next few months, it’s possible the next leg higher could be delayed until the fourth quarter. Either way, I wouldn’t see any sustained downside because there’s so much liquidity in the markets, and sentiment gets very negative very quickly on any minor decline. For example, during the Nasdaq Composite’s -5% drop in early May, equity put buying spiked to levels not seen since late October, right before the last presidential election. From a contrarian point of view, this constant one-foot-out-the-door mentality helps to keep a floor to the market when overall fear rises.</p> \n<p>Whether the next move higher starts in July or later this year, these three historical precedents show that we are likely to come out of the recent correction in technology with a new, sustained uptrend. Potential growth sectors to focus on are Semiconductors, Medical Products, and Software.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 historic precedents show tech stocks will go higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 historic precedents show tech stocks will go higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 21:37 GMT+8 <a href=https://finance.yahoo.com/news/3-historic-precedents-show-tech-stocks-will-go-higher-133034044.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a strong year in technology (Nasdaq Composite up +43.6% in 2020), it is perfectly normal to see the market consolidate and correct those large gains. Coming out of these corrections, it is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-historic-precedents-show-tech-stocks-will-go-higher-133034044.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","AAPL":"苹果","SPY.AU":"SPDR® S&P 500® ETF Trust","GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://finance.yahoo.com/news/3-historic-precedents-show-tech-stocks-will-go-higher-133034044.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2143179480","content_text":"After a strong year in technology (Nasdaq Composite up +43.6% in 2020), it is perfectly normal to see the market consolidate and correct those large gains. Coming out of these corrections, it is common to see another leg higher in the market, and there are three historical precedents that demonstrate that.\nYou might be thinking “What correction? The S&P 500 closed at an all-time high last week.” Please keep in mind I’m referring to growth stocks, which have clearly been in a correction since early February of this year.\nThe first example is 1995. That year, the Nasdaq Composite was up +40% and the rally continued into May 1996. After correcting close to 20%, the next move higher began in September 1996, and ultimately accelerated into the great bull market of the late 1990s.\nChart is provided by MarketSmith\nIn 2003, the Nasdaq Composite gained +50% and eventually peaked in January 2004. After consolidating for seven months, the next leg up began in September 2004. According toMike Cintolo, Chief Analyst at Cabot Growth Investor, “The upmove after that didn’t get far into new high ground, but it was an excellent stretch. That’s when Apple (AAPL) and Google (GOOG,GOOGL) really began their mega-runs.”\nChart is provided by MarketSmith\nFinally, in 2009, the Nasdaq Composite rose +44% and continued into April 2010. After a four-month correction, the index resumed its advance in September 2010, and then gained over +30% into early 2011. More importantly, for growth stock traders, many stocks such as Lululemon (LULU) and Chipotle Mexican Grill (CMG) saw triple-digit gains during that run.\nChart is provided by MarketSmith\nThese three historical precedents provide a decent blueprint for today’s Nasdaq Composite. Last year’s gain carried into this year before peaking in February. Since then, the index has corrected for approximately four months, and is now looking to make another move higher. We still have to get through a few events in June such as the Fed meeting this week, the annual Russell 2000 rebalancing on June 25, and normal end of the quarter portfolio adjustments. There could be some volatility around these events, but eventually, it looks like technology is ready for the next leg higher. It could begin in early July as the market starts to anticipate the next round of earnings reports.\nRegarding the upcoming Fed meeting, it seems like market participants have had the same fears before every recent meeting. They are worried the Fed will hint at “tapering” or slowing down their monthly bond purchases, and eventually map out a course for raising interest rates. Fed Chair Powell has made it perfectly clear that he will take his time with this process, and I don’t see anything being done until early 2022. Many people might disagree with the Fed’s actions because several economic measures are back to pre-pandemic levels; however, the Fed would rather be late in normalizing rates than early. Don’t argue with it — take advantage of this equity friendly environment.\nIf there’s an unforeseen event that causes the market to stall over the next few months, it’s possible the next leg higher could be delayed until the fourth quarter. Either way, I wouldn’t see any sustained downside because there’s so much liquidity in the markets, and sentiment gets very negative very quickly on any minor decline. For example, during the Nasdaq Composite’s -5% drop in early May, equity put buying spiked to levels not seen since late October, right before the last presidential election. From a contrarian point of view, this constant one-foot-out-the-door mentality helps to keep a floor to the market when overall fear rises.\nWhether the next move higher starts in July or later this year, these three historical precedents show that we are likely to come out of the recent correction in technology with a new, sustained uptrend. Potential growth sectors to focus on are Semiconductors, Medical Products, and Software.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377286970,"gmtCreate":1619530796390,"gmtModify":1704725493663,"author":{"id":"3580113363890300","authorId":"3580113363890300","authorIdStr":"3580113363890300","name":"MamaA","avatar":"https://static.tigerbbs.com/47ff78e347e29043307dcca7056166a2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580113363890300"},"themes":[],"htmlText":"[Strong] ","listText":"[Strong] ","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377286970","repostId":"1128919609","repostType":4,"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374529245,"gmtCreate":1619460092887,"gmtModify":1704724269035,"author":{"id":"3580113363890300","authorId":"3580113363890300","authorIdStr":"3580113363890300","name":"MamaA","avatar":"https://static.tigerbbs.com/47ff78e347e29043307dcca7056166a2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580113363890300"},"themes":[],"htmlText":"Always interesting to listen in to Berkshire AGM","listText":"Always interesting to listen in to Berkshire AGM","text":"Always interesting to listen in to Berkshire AGM","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374529245","repostId":"1184991623","repostType":4,"repost":{"id":"1184991623","pubTimestamp":1619448590,"share":"https://ttm.financial/m/news/1184991623?lang=&edition=fundamental","pubTime":"2021-04-26 22:49","market":"us","language":"en","title":"Berkshire Hathaway’s Annual Meeting Is Saturday. Here’s What Warren Buffett Is Likely to Be Asked About.","url":"https://stock-news.laohu8.com/highlight/detail?id=1184991623","media":"MarketWatch","summary":"Berkshire HathawayCEO Warren Buffett may field shareholder questions about the company’s stock buyba","content":"<p>Berkshire HathawayCEO Warren Buffett may field shareholder questions about the company’s stock buyback program, investment activity, the acquisition environment, key subsidiaries, succession, and topics like Bitcoin and the SPAC mania at the company’s annual meeting on Saturday.</p>\n<p>The meeting, normally in Omaha, will take place virtually from Los Angeles, enabling longtime vice chairman Charlie Munger, 97, to join the 90-year-old Buffett for 3½ hours of shareholder questions starting at 1:30 p.m. Eastern time.</p>\n<p>Buffett is hoping to resume the Omaha extravaganza, which he calls a “Woodstock for Capitalists,” in 2022. The outspoken Munger, who didn’t participate in last year’s meeting, is popular with the Berkshire faithful. Buffett has run Berkshire for 56 years.</p>\n<p>Berkshire shareholders will likely be in a good mood with the stock on a roll this year. The class A shares hit a record Monday and are up 0.9% to $412,365 on the session. The class B stock is up 0.7% to $273.96 Monday. The class A stock is up 18% this year, comfortably ahead of the S&P 500’s 12% total return, after badly lagging behind the index in both 2019 and 2020.</p>\n<p>Berkshire’s aggressive stock repurchase program will probably be a major topic at the meeting. Investors are interested in Buffett’s current appetite for buybacks given the stock’s rally this year.</p>\n<p>The company ramped up its buybacks in the second half of 2020, with about $9 billion repurchased in each of the final two quarters of 2020, up from a total of nearly $7 billion in the first half of the year.</p>\n<p>Before the meeting on Saturday, Berkshire will release its first-quarter earnings, and investors will be focused on the buyback. The company’s operating profits are expected to be up 6%, to $2.55 a class B share, according to FactSet.</p>\n<p><i>Barron’s</i>has estimated that Berkshire bought back about $5 billion of stock from year-end through early March based on the share count disclosed in the recent proxy statement. Investors will look to see how much more stock Berkshire repurchased during the rest of March as the share price rose. Our guess is that Berkshire probably didn’t match the fourth-quarter total of $9 billion in the first quarter.</p>\n<p>“I’m interested to see their enthusiasm for the buyback program given the performance of the stock,” says James Shanahan, an Edward Jones analyst, referring to Buffett and Munger.</p>\n<p>Buffett has said Berkshire will be price conscious about buybacks, but has not provided any specifics.</p>\n<p>Shanahan sees a rise in the book value to $296,000 a class A share on March 31 from $287,000 at year-end 2020. The stock now trades for about 1.4 times that March 31 estimate, up from a low of around 1.1 times book a year ago and close to the five-year average.</p>\n<p>There could also be shareholder questions about climate change and diversity at Berkshire. The company has recommended that shareholders reject proposals about providing more disclosure about both issues.</p>\n<p>Buffett is likely to weigh in on the current investment landscape.</p>\n<p>He wasn’t aggressive on making new investments in 2020, as Berkshire sold a net $8 billion of stocks, including a group of airlines, and stakes inJPMorgan Chase(JPM) andGoldman Sachs Group(GS).</p>\n<p>This disappointed many holders who hoped Buffett would have been a big buyer of stocks during the selloff and follow his maxim to be “fearful when others are greedy, and greedy when others are fearful.”</p>\n<p>Berkshire did establish sizable stakes inVerizon Communications(VZ) andChevron(CVX). Buffett may be asked about those purchases and the outlook for bank stocks and the overall market, which is now trading at lofty valuation, with the S&P 500 at around 23 times projected 2021 earnings.</p>\n<p>Berkshire has also been quiet on acquisitions with only one notable deal in 2020, a roughly $10 billion purchase ofDominion Energy’s(D) natural-gas pipeline business by Berkshire Hathaway’s big utility unit, Berkshire Hathaway Energy.</p>\n<p>Buffett has long sought to land what he has called an “elephant,” or a large acquisition, but that has proven elusive. Berkshire’s only big deal in the past decade was its $33 billion purchase of Precision Castparts in 2016. The deal for the aircraft-parts maker hasn’t gone well, with the company hit by the aerospace downturn in 2020, forcing Berkshire to take a roughly $11 billion write-down. Amid an improving aerospace market, Buffett might be queried about the outlook for Precision Castparts.</p>\n<p>Buffett has complained in the past that aggressive private-equity firms have made it tough for Berkshire to land big deals. Now, the acquisition environment is even tougher amid record stock prices and a big new buyer of private companies in SPACs, or special-purpose acquisition companies, that have raised about $100 billion this year alone to pursue deals.</p>\n<p>“It’s unlikely there will be a major acquisition soon,” Shanahan says. Berkshire handicaps itself by refusing to participate in corporate auctions. Buffett prefers old-style handshake deals and tells potential sellers that Berkshire’s generally hands-off approach to its dozens of subsidiaries makes it an ideal home for their businesses.</p>\n<p>Investors may ask Buffett about trends in the reinsurance business, an important part of Berkshire’s big property and casualty insurance operations. Pricing has been improving in the P&C market. Investors also may query him about Berkshire’s Geico unit, which has been losing ground to its chief auto-insurance rival,Progressive(PGR) in the past year. Geico and Progressive are the two best-run auto insurers in the country and now rank second and third, respectively, behind State Farm.</p>\n<p>In a surprise move, Berkshire decided to name one of Buffett’s top investment lieutenants, Todd Combs, as CEO of Geico at the start of 2020. Investors may want to know how long Combs plans to stay at Geico.</p>\n<p>There also may be questions about the investment performance of Combs and Ted Weschler, who together run an estimated 10% of Berkshire’s $295 billion equity investment portfolio. The two are a good bet to run the entire equity portfolio in the post-Buffett era.</p>\n<p>Another topic is likely to be the railroad industry given the bidding war forKansas City Southern(KSU) by two leading Canadian railroads. Berkshire owns Burlington Northern Santa Fe, one of the big four railroads in the country. Berkshire is unlikely to get involved in the contest for Kansas City Southern.</p>\n<p>BNSF is probably the single most valuable division within Berkshire and would be worth close to $150 billion, in line with its public rivalUnion Pacific(UNP), if it were a stand-alone company. Berkshire is now valued at around $625 billion.</p>\n<p>Buffett has been a prominent Bitcoin skeptic, having called it “rat poison squared” and not a legitimate asset class. Shareholders may ask what he thinks now that Bitcoin has soared.</p>\n<p>Also on hand to answer questions will be Berkshire’s vice chairmen, Ajit Jain and Greg Abel, who head Berkshire’s insurance and non-insurance operations, respectively.<i>Barron’s</i>has identified Abel as the most likely successor to Buffett as CEO.</p>\n<p>Some investors—and<i>Barron’s</i>—would like to see Jain, Abel, Combs, and Weschler get more exposure at the meeting as the likely next generation of leadership at Berkshire. But Buffett is a creature of habit and he likes the Warren and Charlie show. So that’s what it will be.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway’s Annual Meeting Is Saturday. Here’s What Warren Buffett Is Likely to Be Asked About.</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\">\nBerkshire Hathaway’s Annual Meeting Is Saturday. Here’s What Warren Buffett Is Likely to Be Asked About.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:49 GMT+8 <a href=https://www.marketwatch.com/articles/berkshire-hathaways-annual-meeting-is-saturday-heres-what-to-expect-51619447849?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire HathawayCEO Warren Buffett may field shareholder questions about the company’s stock buyback program, investment activity, the acquisition environment, key subsidiaries, succession, and ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/berkshire-hathaways-annual-meeting-is-saturday-heres-what-to-expect-51619447849?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.marketwatch.com/articles/berkshire-hathaways-annual-meeting-is-saturday-heres-what-to-expect-51619447849?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184991623","content_text":"Berkshire HathawayCEO Warren Buffett may field shareholder questions about the company’s stock buyback program, investment activity, the acquisition environment, key subsidiaries, succession, and topics like Bitcoin and the SPAC mania at the company’s annual meeting on Saturday.\nThe meeting, normally in Omaha, will take place virtually from Los Angeles, enabling longtime vice chairman Charlie Munger, 97, to join the 90-year-old Buffett for 3½ hours of shareholder questions starting at 1:30 p.m. Eastern time.\nBuffett is hoping to resume the Omaha extravaganza, which he calls a “Woodstock for Capitalists,” in 2022. The outspoken Munger, who didn’t participate in last year’s meeting, is popular with the Berkshire faithful. Buffett has run Berkshire for 56 years.\nBerkshire shareholders will likely be in a good mood with the stock on a roll this year. The class A shares hit a record Monday and are up 0.9% to $412,365 on the session. The class B stock is up 0.7% to $273.96 Monday. The class A stock is up 18% this year, comfortably ahead of the S&P 500’s 12% total return, after badly lagging behind the index in both 2019 and 2020.\nBerkshire’s aggressive stock repurchase program will probably be a major topic at the meeting. Investors are interested in Buffett’s current appetite for buybacks given the stock’s rally this year.\nThe company ramped up its buybacks in the second half of 2020, with about $9 billion repurchased in each of the final two quarters of 2020, up from a total of nearly $7 billion in the first half of the year.\nBefore the meeting on Saturday, Berkshire will release its first-quarter earnings, and investors will be focused on the buyback. The company’s operating profits are expected to be up 6%, to $2.55 a class B share, according to FactSet.\nBarron’shas estimated that Berkshire bought back about $5 billion of stock from year-end through early March based on the share count disclosed in the recent proxy statement. Investors will look to see how much more stock Berkshire repurchased during the rest of March as the share price rose. Our guess is that Berkshire probably didn’t match the fourth-quarter total of $9 billion in the first quarter.\n“I’m interested to see their enthusiasm for the buyback program given the performance of the stock,” says James Shanahan, an Edward Jones analyst, referring to Buffett and Munger.\nBuffett has said Berkshire will be price conscious about buybacks, but has not provided any specifics.\nShanahan sees a rise in the book value to $296,000 a class A share on March 31 from $287,000 at year-end 2020. The stock now trades for about 1.4 times that March 31 estimate, up from a low of around 1.1 times book a year ago and close to the five-year average.\nThere could also be shareholder questions about climate change and diversity at Berkshire. The company has recommended that shareholders reject proposals about providing more disclosure about both issues.\nBuffett is likely to weigh in on the current investment landscape.\nHe wasn’t aggressive on making new investments in 2020, as Berkshire sold a net $8 billion of stocks, including a group of airlines, and stakes inJPMorgan Chase(JPM) andGoldman Sachs Group(GS).\nThis disappointed many holders who hoped Buffett would have been a big buyer of stocks during the selloff and follow his maxim to be “fearful when others are greedy, and greedy when others are fearful.”\nBerkshire did establish sizable stakes inVerizon Communications(VZ) andChevron(CVX). Buffett may be asked about those purchases and the outlook for bank stocks and the overall market, which is now trading at lofty valuation, with the S&P 500 at around 23 times projected 2021 earnings.\nBerkshire has also been quiet on acquisitions with only one notable deal in 2020, a roughly $10 billion purchase ofDominion Energy’s(D) natural-gas pipeline business by Berkshire Hathaway’s big utility unit, Berkshire Hathaway Energy.\nBuffett has long sought to land what he has called an “elephant,” or a large acquisition, but that has proven elusive. Berkshire’s only big deal in the past decade was its $33 billion purchase of Precision Castparts in 2016. The deal for the aircraft-parts maker hasn’t gone well, with the company hit by the aerospace downturn in 2020, forcing Berkshire to take a roughly $11 billion write-down. Amid an improving aerospace market, Buffett might be queried about the outlook for Precision Castparts.\nBuffett has complained in the past that aggressive private-equity firms have made it tough for Berkshire to land big deals. Now, the acquisition environment is even tougher amid record stock prices and a big new buyer of private companies in SPACs, or special-purpose acquisition companies, that have raised about $100 billion this year alone to pursue deals.\n“It’s unlikely there will be a major acquisition soon,” Shanahan says. Berkshire handicaps itself by refusing to participate in corporate auctions. Buffett prefers old-style handshake deals and tells potential sellers that Berkshire’s generally hands-off approach to its dozens of subsidiaries makes it an ideal home for their businesses.\nInvestors may ask Buffett about trends in the reinsurance business, an important part of Berkshire’s big property and casualty insurance operations. Pricing has been improving in the P&C market. Investors also may query him about Berkshire’s Geico unit, which has been losing ground to its chief auto-insurance rival,Progressive(PGR) in the past year. Geico and Progressive are the two best-run auto insurers in the country and now rank second and third, respectively, behind State Farm.\nIn a surprise move, Berkshire decided to name one of Buffett’s top investment lieutenants, Todd Combs, as CEO of Geico at the start of 2020. Investors may want to know how long Combs plans to stay at Geico.\nThere also may be questions about the investment performance of Combs and Ted Weschler, who together run an estimated 10% of Berkshire’s $295 billion equity investment portfolio. The two are a good bet to run the entire equity portfolio in the post-Buffett era.\nAnother topic is likely to be the railroad industry given the bidding war forKansas City Southern(KSU) by two leading Canadian railroads. Berkshire owns Burlington Northern Santa Fe, one of the big four railroads in the country. Berkshire is unlikely to get involved in the contest for Kansas City Southern.\nBNSF is probably the single most valuable division within Berkshire and would be worth close to $150 billion, in line with its public rivalUnion Pacific(UNP), if it were a stand-alone company. Berkshire is now valued at around $625 billion.\nBuffett has been a prominent Bitcoin skeptic, having called it “rat poison squared” and not a legitimate asset class. Shareholders may ask what he thinks now that Bitcoin has soared.\nAlso on hand to answer questions will be Berkshire’s vice chairmen, Ajit Jain and Greg Abel, who head Berkshire’s insurance and non-insurance operations, respectively.Barron’shas identified Abel as the most likely successor to Buffett as CEO.\nSome investors—andBarron’s—would like to see Jain, Abel, Combs, and Weschler get more exposure at the meeting as the likely next generation of leadership at Berkshire. But Buffett is a creature of habit and he likes the Warren and Charlie show. So that’s what it will be.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":377286970,"gmtCreate":1619530796390,"gmtModify":1704725493663,"author":{"id":"3580113363890300","authorId":"3580113363890300","authorIdStr":"3580113363890300","name":"MamaA","avatar":"https://static.tigerbbs.com/47ff78e347e29043307dcca7056166a2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580113363890300"},"themes":[],"htmlText":"[Strong] ","listText":"[Strong] ","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377286970","repostId":"1128919609","repostType":4,"repost":{"id":"1128919609","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619525774,"share":"https://ttm.financial/m/news/1128919609?lang=&edition=fundamental","pubTime":"2021-04-27 20:16","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1128919609","media":"Tiger Newspress","summary":"Stock futures traded slightly higher Tuesday morning, with investors awaiting more corporate earning","content":"<p>Stock futures traded slightly higher Tuesday morning, with investors awaiting more corporate earnings results from major companies.</p>\n<p>S&P 500 futures 4,184.75, up 5.25 points or 0.13%;Dow futures 33,882.00, up 4 points or 0.01%;Nasdaq futures 14,039.00, up 27.5 points or 0.20%</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73528c7d0725655b12eb1051232e1969\" tg-width=\"1242\" tg-height=\"405\"><span>*Source From Tiger Trade, EST 08:16</span></p>\n<p>The Federal Reserve kicks off its two-day April policy meeting Tuesday. The central bank is not expected to take any action, but economists expect it to defend its willingness to let inflation run hot, even as commodities such ascornandcopperhit multiyear highs. Both corn and copper have nearly doubled in the past 12 months.</p>\n<p><i>Take a look at some of the biggest movers in the premarket:</i></p>\n<p>United Parcel Service(UPS) – UPSearned $2.77 per sharefor the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14% increase in volume from a year earlier, with small- and medium-sized businesses contributing significantly to that increase. The stock surged 6.9% in premarket trading.</p>\n<p>Crocs(CROX) – The shoe company’s shares surged 7.3% in the premarket after beating top and bottom line estimates by a wide margin. The company also said it sees 2021 revenue growth between 40% to 50%.</p>\n<p>Eli Lilly(LLY) – The drugmaker’s shares tumbled 3.5% in the premarket after the companyfell short of the $2.14 a share consensus estimate, with quarterly profit of $1.87 per share. Revenue missed forecasts as well, and Lilly lowered its full-year forecast. The company took various asset impairment charges during the quarter, as well as incurring costs related to its acquisition of Prevail Therapeutics.</p>\n<p>General Electric(GE) – GE reported quarterly profit of 3 cents per share, compared to the 1 cent a share consensus estimate. Revenue came in short of expectations, but free cash flow was better than analysts had been anticipating. GE shares fell 2.7% in premarket action.</p>\n<p>Hasbro(HAS) – Hasbro rose 2% in the premarket after the toymakerbeat the 65 cents a share consensus estimate, with quarterly earnings of $1.00 per share. Revenue came in shy of estimates, however, as TV and movie productions related to its toys were delayed by the pandemic.</p>\n<p>3M(MMM) – 3M reported quarterly profit of $2.77 per share, beating the consensus of $2.29 a share. Revenue also topped estimates as the pandemic continued to drive demand for personal safety products.</p>\n<p>JetBlue(JBLU) – The airline’s shares added 1.7% in premarket action after it reported a quarterly loss of $1.48 per share, compared to an expected loss of $1.69 a share. Revenue beat Wall Street forecasts, and JetBlue echoed comments by other airlines in saying it is seeing a rebound in passenger demand.</p>\n<p>Tesla(TSLA) – Tesla lost 2.3% in premarket trading after itreported quarterly profit of 93 cents per share, 14 cents a share above forecasts. Revenue also topped estimates, boosted by sales of environmental credits as well as liquidation of some of the automaker’s bitcoin holdings.</p>\n<p>GameStop(GME) – GameStop saidit had completed the sale of 3.5 million shares, with the video game retailer generating proceeds of about $551 million before transaction costs. GameStop soared 10.1% in premarket trading.</p>\n<p>BP(BP) – BP’sprofit more than tripledfrom a year ago during the first quarter, helped by higher oil prices and a surge in natural gas trading. The stock gained 1.2% in premarket action.</p>\n<p>UBS(UBS) – UBSreported better-than-expected earningsfor the first quarter, but the Switzerland-based bank surprised analysts by revealing a $774 million loss related to the collapse of U.S. investment fund Archegos. The stock fell 2.5% in the premarket.</p>\n<p>Lyft(LYFT) – Lyft gained 2.3% in premarket trade after announcing that it is selling its self-driving technology unit toToyota(TM) for $550 million. The ride-hailing company said the sale will allow it to become profitable sooner than it had previously projected.</p>\n<p>Polaris(PII) – Polaris reported quarterly profit of $2.30 per share, beating the $1.61 a share consensus estimate. The recreational vehicle maker’s revenue beat forecasts as well. Polaris also projected better-than-expected full-year profit, saying it expected strong retail demand to continue. Its stock fell 4.6% in premarket trading.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-27 20:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Stock futures traded slightly higher Tuesday morning, with investors awaiting more corporate earnings results from major companies.</p>\n<p>S&P 500 futures 4,184.75, up 5.25 points or 0.13%;Dow futures 33,882.00, up 4 points or 0.01%;Nasdaq futures 14,039.00, up 27.5 points or 0.20%</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73528c7d0725655b12eb1051232e1969\" tg-width=\"1242\" tg-height=\"405\"><span>*Source From Tiger Trade, EST 08:16</span></p>\n<p>The Federal Reserve kicks off its two-day April policy meeting Tuesday. The central bank is not expected to take any action, but economists expect it to defend its willingness to let inflation run hot, even as commodities such ascornandcopperhit multiyear highs. Both corn and copper have nearly doubled in the past 12 months.</p>\n<p><i>Take a look at some of the biggest movers in the premarket:</i></p>\n<p>United Parcel Service(UPS) – UPSearned $2.77 per sharefor the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14% increase in volume from a year earlier, with small- and medium-sized businesses contributing significantly to that increase. The stock surged 6.9% in premarket trading.</p>\n<p>Crocs(CROX) – The shoe company’s shares surged 7.3% in the premarket after beating top and bottom line estimates by a wide margin. The company also said it sees 2021 revenue growth between 40% to 50%.</p>\n<p>Eli Lilly(LLY) – The drugmaker’s shares tumbled 3.5% in the premarket after the companyfell short of the $2.14 a share consensus estimate, with quarterly profit of $1.87 per share. Revenue missed forecasts as well, and Lilly lowered its full-year forecast. The company took various asset impairment charges during the quarter, as well as incurring costs related to its acquisition of Prevail Therapeutics.</p>\n<p>General Electric(GE) – GE reported quarterly profit of 3 cents per share, compared to the 1 cent a share consensus estimate. Revenue came in short of expectations, but free cash flow was better than analysts had been anticipating. GE shares fell 2.7% in premarket action.</p>\n<p>Hasbro(HAS) – Hasbro rose 2% in the premarket after the toymakerbeat the 65 cents a share consensus estimate, with quarterly earnings of $1.00 per share. Revenue came in shy of estimates, however, as TV and movie productions related to its toys were delayed by the pandemic.</p>\n<p>3M(MMM) – 3M reported quarterly profit of $2.77 per share, beating the consensus of $2.29 a share. Revenue also topped estimates as the pandemic continued to drive demand for personal safety products.</p>\n<p>JetBlue(JBLU) – The airline’s shares added 1.7% in premarket action after it reported a quarterly loss of $1.48 per share, compared to an expected loss of $1.69 a share. Revenue beat Wall Street forecasts, and JetBlue echoed comments by other airlines in saying it is seeing a rebound in passenger demand.</p>\n<p>Tesla(TSLA) – Tesla lost 2.3% in premarket trading after itreported quarterly profit of 93 cents per share, 14 cents a share above forecasts. Revenue also topped estimates, boosted by sales of environmental credits as well as liquidation of some of the automaker’s bitcoin holdings.</p>\n<p>GameStop(GME) – GameStop saidit had completed the sale of 3.5 million shares, with the video game retailer generating proceeds of about $551 million before transaction costs. GameStop soared 10.1% in premarket trading.</p>\n<p>BP(BP) – BP’sprofit more than tripledfrom a year ago during the first quarter, helped by higher oil prices and a surge in natural gas trading. The stock gained 1.2% in premarket action.</p>\n<p>UBS(UBS) – UBSreported better-than-expected earningsfor the first quarter, but the Switzerland-based bank surprised analysts by revealing a $774 million loss related to the collapse of U.S. investment fund Archegos. The stock fell 2.5% in the premarket.</p>\n<p>Lyft(LYFT) – Lyft gained 2.3% in premarket trade after announcing that it is selling its self-driving technology unit toToyota(TM) for $550 million. The ride-hailing company said the sale will allow it to become profitable sooner than it had previously projected.</p>\n<p>Polaris(PII) – Polaris reported quarterly profit of $2.30 per share, beating the $1.61 a share consensus estimate. The recreational vehicle maker’s revenue beat forecasts as well. Polaris also projected better-than-expected full-year profit, saying it expected strong retail demand to continue. Its stock fell 4.6% in premarket trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128919609","content_text":"Stock futures traded slightly higher Tuesday morning, with investors awaiting more corporate earnings results from major companies.\nS&P 500 futures 4,184.75, up 5.25 points or 0.13%;Dow futures 33,882.00, up 4 points or 0.01%;Nasdaq futures 14,039.00, up 27.5 points or 0.20%\n*Source From Tiger Trade, EST 08:16\nThe Federal Reserve kicks off its two-day April policy meeting Tuesday. The central bank is not expected to take any action, but economists expect it to defend its willingness to let inflation run hot, even as commodities such ascornandcopperhit multiyear highs. Both corn and copper have nearly doubled in the past 12 months.\nTake a look at some of the biggest movers in the premarket:\nUnited Parcel Service(UPS) – UPSearned $2.77 per sharefor the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14% increase in volume from a year earlier, with small- and medium-sized businesses contributing significantly to that increase. The stock surged 6.9% in premarket trading.\nCrocs(CROX) – The shoe company’s shares surged 7.3% in the premarket after beating top and bottom line estimates by a wide margin. The company also said it sees 2021 revenue growth between 40% to 50%.\nEli Lilly(LLY) – The drugmaker’s shares tumbled 3.5% in the premarket after the companyfell short of the $2.14 a share consensus estimate, with quarterly profit of $1.87 per share. Revenue missed forecasts as well, and Lilly lowered its full-year forecast. The company took various asset impairment charges during the quarter, as well as incurring costs related to its acquisition of Prevail Therapeutics.\nGeneral Electric(GE) – GE reported quarterly profit of 3 cents per share, compared to the 1 cent a share consensus estimate. Revenue came in short of expectations, but free cash flow was better than analysts had been anticipating. GE shares fell 2.7% in premarket action.\nHasbro(HAS) – Hasbro rose 2% in the premarket after the toymakerbeat the 65 cents a share consensus estimate, with quarterly earnings of $1.00 per share. Revenue came in shy of estimates, however, as TV and movie productions related to its toys were delayed by the pandemic.\n3M(MMM) – 3M reported quarterly profit of $2.77 per share, beating the consensus of $2.29 a share. Revenue also topped estimates as the pandemic continued to drive demand for personal safety products.\nJetBlue(JBLU) – The airline’s shares added 1.7% in premarket action after it reported a quarterly loss of $1.48 per share, compared to an expected loss of $1.69 a share. Revenue beat Wall Street forecasts, and JetBlue echoed comments by other airlines in saying it is seeing a rebound in passenger demand.\nTesla(TSLA) – Tesla lost 2.3% in premarket trading after itreported quarterly profit of 93 cents per share, 14 cents a share above forecasts. Revenue also topped estimates, boosted by sales of environmental credits as well as liquidation of some of the automaker’s bitcoin holdings.\nGameStop(GME) – GameStop saidit had completed the sale of 3.5 million shares, with the video game retailer generating proceeds of about $551 million before transaction costs. GameStop soared 10.1% in premarket trading.\nBP(BP) – BP’sprofit more than tripledfrom a year ago during the first quarter, helped by higher oil prices and a surge in natural gas trading. The stock gained 1.2% in premarket action.\nUBS(UBS) – UBSreported better-than-expected earningsfor the first quarter, but the Switzerland-based bank surprised analysts by revealing a $774 million loss related to the collapse of U.S. investment fund Archegos. The stock fell 2.5% in the premarket.\nLyft(LYFT) – Lyft gained 2.3% in premarket trade after announcing that it is selling its self-driving technology unit toToyota(TM) for $550 million. The ride-hailing company said the sale will allow it to become profitable sooner than it had previously projected.\nPolaris(PII) – Polaris reported quarterly profit of $2.30 per share, beating the $1.61 a share consensus estimate. The recreational vehicle maker’s revenue beat forecasts as well. Polaris also projected better-than-expected full-year profit, saying it expected strong retail demand to continue. Its stock fell 4.6% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163942354,"gmtCreate":1623858226778,"gmtModify":1703821714973,"author":{"id":"3580113363890300","authorId":"3580113363890300","authorIdStr":"3580113363890300","name":"MamaA","avatar":"https://static.tigerbbs.com/47ff78e347e29043307dcca7056166a2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580113363890300"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163942354","repostId":"2143179480","repostType":4,"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374529245,"gmtCreate":1619460092887,"gmtModify":1704724269035,"author":{"id":"3580113363890300","authorId":"3580113363890300","authorIdStr":"3580113363890300","name":"MamaA","avatar":"https://static.tigerbbs.com/47ff78e347e29043307dcca7056166a2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580113363890300"},"themes":[],"htmlText":"Always interesting to listen in to Berkshire AGM","listText":"Always interesting to listen in to Berkshire AGM","text":"Always interesting to listen in to Berkshire AGM","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374529245","repostId":"1184991623","repostType":4,"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
