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Australian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat
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2022-03-02
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07:48","market":"other","language":"en","title":"Australian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat","url":"https://stock-news.laohu8.com/highlight/detail?id=1138656884","media":"smallcaps","summary":"Australian shares wilted in the face of potential stagflation as price growth in the United States h","content":"<html><head></head><body><p>Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.</p><p>The US inflation figures saw the February numbers hit a staggering 7.9% annual rate, with worse to come as the spike in commodity prices due to wide-ranging sanctions against Russia will be reflected even more strongly in the next figures.</p><p>That brings stagflation into the realm of possibilities with rising costs against stagnant economic growth a potential scenario if US CPI passes an annualised 9%.</p><p><b>Market starts higher but is swamped by bad news</b></p><p>After starting higher, the ASX 200 dropped 0.9%, or 67.2 points to 7063.6 points on Friday after the highest US inflation since 1982 with the rising costs also putting intense pressure on the US Federal Reserve to act swiftly to raise official interest rates.</p><p>Technology shares were hit particularly hard with the local stocks chasing a plunging NASDAQ to close down 3.2% on Friday – a fall of more than 20% so far this year.</p><p>The only shares that showed some resilience in the face of determined selling were those that stand to benefit from rising prices – those in the utilities, materials and energy sectors.</p><p><b>Market down on interest rate expectations and slowing economy</b></p><p>Australian investors now need to really take notice of Reserve Bank governor Dr Philip Lowe’s warning to prepare for rising interest rates at the same time as the price of living and commodities is rising sharply and economic growth could be weakening.</p><p>While there were some good days during the week, by the Friday close the ASX200 index was down 0.7% for the week, with the telco sector down 1.6% for the week and down for nine of the last ten weeks.</p><p>On top of the Ukraine war and US inflation caused volatility, there was also some company specific news pushing stock prices around.</p><p><b>Breville gets negative jolt from more coffee</b></p><p>Shares in appliance manufacturer and distributor Breville (ASX: BRG)fell 2.7% to $26.24 after it announced the $170 million acquisition of Italian upmarket coffee machine maker LELIT.</p><p>The acquisition is meant to strengthen Breville’s standing in the coffee market and will be funded on a cash and debt-free basis, with half of the payment in cash and the other half in scrip.</p><p>That potential dilution gave investors an unpleasant jolt despite the potential positives of the acquisition.</p><p><b>Crazy nickel prices end Nickel Mines’ SPP</b></p><p>In other newsNickel Mines (ASX: NIC)responded to crazy trading in the nickel market by announcing the immediate withdrawal of its share purchase plan (SPP).</p><p>The nickel miner said that “applications have far exceeded” the target of $18 million, with $57 million of applications already arriving for new shares.</p><p>There has been some crazy nickel trading on the London Metals Exchange after Xiang “Big Shot”” Guangda’s Tsingshan Holding Group was caught out with some massive short positions on nickel.</p><p>Despite being the world’s biggest nickel producer, the group’s short positions were overtaken by a massive nickel price surge as Russia’s invasion of Ukraine pushed up prices.</p><p>Nickel prices zoomed to a record high above $136,000 a tonne during the week and trading was suspended, causing havoc for other nickel stocks too including Nickel Mines as their share purchase plan was swamped.</p><p>Nickel will continue to be interesting with no clarity on whether Tsingshan’s remaining short positions will remain or be traded.</p><p><b>Zip’s share price falls below SPP</b></p><p>Another share purchase plan causing interest was one by buy now pay later groupZip Co (ASX: Z1P), with shares closing down 7.6% after it announced plans to raise about $50 million through the SPP.</p><p>The SPP come after Zip raised $148.7 million at the $1.90 issue price from institutional investors but this price was set at a 2% discount to the volume-weighted-average-price of Zip shares during the five trading days up to 1 April this year.</p><p>With the stock last trading at $1.58, shareholders would be better off buying on market than through the SPP as Zip shares follow technology stocks south.</p><p>In other news Virtus Health (ASX: VRT)shares entered a trading halt after the fertility clinic operator foreshadowed an announcement “in relation to ongoing matters pertaining to proposals to acquire Virtus Health”.</p><p><b>Small cap stock action</b></p><p>The Small Ords index fell 0.66% this week to 3179.7 points.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/421d9bd96a2a3370333d54cd1444e662\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/><span>ASX 200 vs Small Ords</span></p><p>Small cap companies making headlines this week were:</p><p><b>Incannex Healthcare (ASX: IHL)</b></p><p>Preliminary results from a phase 2 clinical trial investigating Incannex Healthcare’s novel cannabinoid IHL-42X drug has shown itcan reduce disease severity in obstructive sleep apnoea(OSA).</p><p>The phase 2 proof of concept trial was conducted at the University of Western Australia’s Centre for Sleep Science and Victoria’s The Alfred Hospital.</p><p>Three doses of IHL-42X and a placebo were assessed, with results demonstrating up to 91.5% reduction in the severity of OSA with one particular dosage of IHL-42X.</p><p><b>92 Energy (ASX: 92E)</b></p><p>Elevated uranium was intersected in the first three holes of 92 Energy’s winter drilling program at its Gemini Mineralised Zone (GMZ) uranium discovery, within its Gemini project, which is 27km from the McArthur River uranium mine in Saskatchewan, Canada.</p><p>92 Energy plans to complete 6,600m of drilling at the project, with one of the first three holes unearthing 14m of composite elevated radioactivity.</p><p>The GMZ zone is open in all directions and was first discovered last year after drilling uncovered 5.5m at 0.12% uranium.</p><p><b>Live Verdure (ASX: LV1)</b></p><p>Live Verdure is preparing tolaunch the first four hemp-based skincare products under its 8 Seeds brand in the September quarterof this year.</p><p>The initial hemp-based skincare products comprise a daily hydrating facial moisturiser with SPF, facial serum, cleansing oil and body repair crème.</p><p>A further nine products are under development across two ranges. The Derma range is harnessing the anti-inflammatory properties of hemp to target common skin conditions such as acne, eczema, psoriasis and rosacea.</p><p>The second range is non-irritating and anti-inflammatory for people with sensitive skin. Products from these two ranges will be rolled-out after the initial four have been launched.</p><p><b>Investigator Resources (ASX: IVR)</b></p><p>Follow updrilling has kicked-off at targets close to Investigator Resources’ Paris silver projectin South Australia to build on the project’s current resource of 18.8Mt at 88g/t silver and 0.52% lead for 53.1Moz of silver and 97,600t of lead.</p><p>A 6,750m program for 51-holes has been planned and will focus on six prospects – Ares, Apollo, Helen East, Uno-Morgans, Diomedes and Ajax.</p><p>The current program is following up on previous drilling and surveys across the prospects that returned silver, gold, lead and zinc.</p><p><b>Eclipse Metals (ASX: EPM)</b></p><p>Rare earths, precious and base metals have all been identified ingrab samples from Eclipse Metals’ Ivittuut projectin Greenland.</p><p>The grab samples were collected from the Ivigtut and Gronnedal-Ika prospects within the project and Eclipse now has interim laboratory results from nine of the samples.</p><p>Rare earths were identified in grades up to 0.62% lanthanum, 10% cerium, 0.10% praseodymium, 0.82% neodymium, 0.10% samarium, 0.10% gadolinium, and 0.86% yttrium at Gronnedal-Ika.</p><p>While at the Ivigtut mine dumps samples assayed up to 165g/t silver, 0.14% copper, 3.83% lead and 0.37% zinc.</p><p><b>Leigh Creek (ASX: LCK)</b></p><p>South Australia’s Department of Energy and Mining has granted approval to Leigh Creek for construction to begin at its Leigh Creek urea project in the state.</p><p>Leigh Creek managing director Phil Stavely said the company now looked forward to starting construction activities at the project site.</p><p>“We expect preliminary preparatory work to commence next week.”</p><p>This approval specifically relates to shallow investigation drilling, which will provide geological, geotechnical and environmental information for the urea project’s stage one and stage two designs.</p><p>From its Leigh Creek project, the company plans to develop the only fully integrated urea production facility in Australia with all inputs for low carbon urea production on site.</p><p><b>Lunnon Metals (ASX: LM8)</b></p><p>Lunnon Metals has unearthednickel sulphides again in the latest hole at the Warren target, which is part of the historical Foster mine within its wider Kambalda nickel project in WA.</p><p>This hole was wedging off the parent hole and hit nickel sulphides about 20m up-dip of the parent hole – exactly at the depth predicted by the down hole electromagnetic survey.</p><p>The company’s drilling program at Warren aims to demonstrate it hosts a separate nickel mineralised channel in its own right with the potential to have “substantially more” than the current 6,400t of metal.</p><p><b>The week ahead</b></p><p>The Russian invasion of Ukraine and retaliatory sanctions on Russia will continue to boost share market volatility this week.</p><p>Add to that a US Federal Reserve announcement on Wednesday of an interest rate rise on the back of flying inflation readings and you have the main ingredients for a very topsy turvy week in prospect.</p><p>While they are the two biggest market movers to keep an eye on, there are a host of other things to consider with the biggest in Australia probably the jobs figures on Thursday.</p><p>Expectations are that up to 40,000 jobs will have been added in February.</p><p>Other local releases to watch out for include consumer confidence, Reserve Bank board meeting minutes and figures on our very weak population growth.</p><p>Overseas, other than the US Fed announcement there are US releases on housing, retail sales and manufacturing while Chinese numbers on new house prices, retail sales and investment will also add colour to what is happening inside the giant country.</p></body></html>","source":"lsy1646436655885","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>Australian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat</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; 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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\">\nAustralian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-12 07:48 GMT+8 <a href=https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/><strong>smallcaps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.The US inflation figures saw the February numbers hit a staggering 7.9% annual ...</p>\n\n<a href=\"https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIC.AU":"Nickel Industries Ltd","XJO.AU":"标普/澳交所 200指数","EPM.AU":"ECLIPSE METALS LTD","LV1.AU":"LIVE VERDURE LTD","BRG.AU":"BREVILLE GROUP LTD","IVR.AU":"INVESTIGATOR RESOURCES LTD","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数","LM8.AU":"Lunnon Metals Limited","Z1P.AU":"Zip","IHL.AU":"INCANNEX HEALTHCARE LIMITED","92E.AU":"Energy Ltd","LCK.AU":"Leigh Creek Energy"},"source_url":"https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138656884","content_text":"Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.The US inflation figures saw the February numbers hit a staggering 7.9% annual rate, with worse to come as the spike in commodity prices due to wide-ranging sanctions against Russia will be reflected even more strongly in the next figures.That brings stagflation into the realm of possibilities with rising costs against stagnant economic growth a potential scenario if US CPI passes an annualised 9%.Market starts higher but is swamped by bad newsAfter starting higher, the ASX 200 dropped 0.9%, or 67.2 points to 7063.6 points on Friday after the highest US inflation since 1982 with the rising costs also putting intense pressure on the US Federal Reserve to act swiftly to raise official interest rates.Technology shares were hit particularly hard with the local stocks chasing a plunging NASDAQ to close down 3.2% on Friday – a fall of more than 20% so far this year.The only shares that showed some resilience in the face of determined selling were those that stand to benefit from rising prices – those in the utilities, materials and energy sectors.Market down on interest rate expectations and slowing economyAustralian investors now need to really take notice of Reserve Bank governor Dr Philip Lowe’s warning to prepare for rising interest rates at the same time as the price of living and commodities is rising sharply and economic growth could be weakening.While there were some good days during the week, by the Friday close the ASX200 index was down 0.7% for the week, with the telco sector down 1.6% for the week and down for nine of the last ten weeks.On top of the Ukraine war and US inflation caused volatility, there was also some company specific news pushing stock prices around.Breville gets negative jolt from more coffeeShares in appliance manufacturer and distributor Breville (ASX: BRG)fell 2.7% to $26.24 after it announced the $170 million acquisition of Italian upmarket coffee machine maker LELIT.The acquisition is meant to strengthen Breville’s standing in the coffee market and will be funded on a cash and debt-free basis, with half of the payment in cash and the other half in scrip.That potential dilution gave investors an unpleasant jolt despite the potential positives of the acquisition.Crazy nickel prices end Nickel Mines’ SPPIn other newsNickel Mines (ASX: NIC)responded to crazy trading in the nickel market by announcing the immediate withdrawal of its share purchase plan (SPP).The nickel miner said that “applications have far exceeded” the target of $18 million, with $57 million of applications already arriving for new shares.There has been some crazy nickel trading on the London Metals Exchange after Xiang “Big Shot”” Guangda’s Tsingshan Holding Group was caught out with some massive short positions on nickel.Despite being the world’s biggest nickel producer, the group’s short positions were overtaken by a massive nickel price surge as Russia’s invasion of Ukraine pushed up prices.Nickel prices zoomed to a record high above $136,000 a tonne during the week and trading was suspended, causing havoc for other nickel stocks too including Nickel Mines as their share purchase plan was swamped.Nickel will continue to be interesting with no clarity on whether Tsingshan’s remaining short positions will remain or be traded.Zip’s share price falls below SPPAnother share purchase plan causing interest was one by buy now pay later groupZip Co (ASX: Z1P), with shares closing down 7.6% after it announced plans to raise about $50 million through the SPP.The SPP come after Zip raised $148.7 million at the $1.90 issue price from institutional investors but this price was set at a 2% discount to the volume-weighted-average-price of Zip shares during the five trading days up to 1 April this year.With the stock last trading at $1.58, shareholders would be better off buying on market than through the SPP as Zip shares follow technology stocks south.In other news Virtus Health (ASX: VRT)shares entered a trading halt after the fertility clinic operator foreshadowed an announcement “in relation to ongoing matters pertaining to proposals to acquire Virtus Health”.Small cap stock actionThe Small Ords index fell 0.66% this week to 3179.7 points.ASX 200 vs Small OrdsSmall cap companies making headlines this week were:Incannex Healthcare (ASX: IHL)Preliminary results from a phase 2 clinical trial investigating Incannex Healthcare’s novel cannabinoid IHL-42X drug has shown itcan reduce disease severity in obstructive sleep apnoea(OSA).The phase 2 proof of concept trial was conducted at the University of Western Australia’s Centre for Sleep Science and Victoria’s The Alfred Hospital.Three doses of IHL-42X and a placebo were assessed, with results demonstrating up to 91.5% reduction in the severity of OSA with one particular dosage of IHL-42X.92 Energy (ASX: 92E)Elevated uranium was intersected in the first three holes of 92 Energy’s winter drilling program at its Gemini Mineralised Zone (GMZ) uranium discovery, within its Gemini project, which is 27km from the McArthur River uranium mine in Saskatchewan, Canada.92 Energy plans to complete 6,600m of drilling at the project, with one of the first three holes unearthing 14m of composite elevated radioactivity.The GMZ zone is open in all directions and was first discovered last year after drilling uncovered 5.5m at 0.12% uranium.Live Verdure (ASX: LV1)Live Verdure is preparing tolaunch the first four hemp-based skincare products under its 8 Seeds brand in the September quarterof this year.The initial hemp-based skincare products comprise a daily hydrating facial moisturiser with SPF, facial serum, cleansing oil and body repair crème.A further nine products are under development across two ranges. The Derma range is harnessing the anti-inflammatory properties of hemp to target common skin conditions such as acne, eczema, psoriasis and rosacea.The second range is non-irritating and anti-inflammatory for people with sensitive skin. Products from these two ranges will be rolled-out after the initial four have been launched.Investigator Resources (ASX: IVR)Follow updrilling has kicked-off at targets close to Investigator Resources’ Paris silver projectin South Australia to build on the project’s current resource of 18.8Mt at 88g/t silver and 0.52% lead for 53.1Moz of silver and 97,600t of lead.A 6,750m program for 51-holes has been planned and will focus on six prospects – Ares, Apollo, Helen East, Uno-Morgans, Diomedes and Ajax.The current program is following up on previous drilling and surveys across the prospects that returned silver, gold, lead and zinc.Eclipse Metals (ASX: EPM)Rare earths, precious and base metals have all been identified ingrab samples from Eclipse Metals’ Ivittuut projectin Greenland.The grab samples were collected from the Ivigtut and Gronnedal-Ika prospects within the project and Eclipse now has interim laboratory results from nine of the samples.Rare earths were identified in grades up to 0.62% lanthanum, 10% cerium, 0.10% praseodymium, 0.82% neodymium, 0.10% samarium, 0.10% gadolinium, and 0.86% yttrium at Gronnedal-Ika.While at the Ivigtut mine dumps samples assayed up to 165g/t silver, 0.14% copper, 3.83% lead and 0.37% zinc.Leigh Creek (ASX: LCK)South Australia’s Department of Energy and Mining has granted approval to Leigh Creek for construction to begin at its Leigh Creek urea project in the state.Leigh Creek managing director Phil Stavely said the company now looked forward to starting construction activities at the project site.“We expect preliminary preparatory work to commence next week.”This approval specifically relates to shallow investigation drilling, which will provide geological, geotechnical and environmental information for the urea project’s stage one and stage two designs.From its Leigh Creek project, the company plans to develop the only fully integrated urea production facility in Australia with all inputs for low carbon urea production on site.Lunnon Metals (ASX: LM8)Lunnon Metals has unearthednickel sulphides again in the latest hole at the Warren target, which is part of the historical Foster mine within its wider Kambalda nickel project in WA.This hole was wedging off the parent hole and hit nickel sulphides about 20m up-dip of the parent hole – exactly at the depth predicted by the down hole electromagnetic survey.The company’s drilling program at Warren aims to demonstrate it hosts a separate nickel mineralised channel in its own right with the potential to have “substantially more” than the current 6,400t of metal.The week aheadThe Russian invasion of Ukraine and retaliatory sanctions on Russia will continue to boost share market volatility this week.Add to that a US Federal Reserve announcement on Wednesday of an interest rate rise on the back of flying inflation readings and you have the main ingredients for a very topsy turvy week in prospect.While they are the two biggest market movers to keep an eye on, there are a host of other things to consider with the biggest in Australia probably the jobs figures on Thursday.Expectations are that up to 40,000 jobs will have been added in February.Other local releases to watch out for include consumer confidence, Reserve Bank board meeting minutes and figures on our very weak population growth.Overseas, other than the US Fed announcement there are US releases on housing, retail sales and manufacturing while Chinese numbers on new house prices, retail sales and investment will also add colour to what is happening inside the giant country.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033156171,"gmtCreate":1646226794591,"gmtModify":1676534105717,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033156171","repostId":"2216251491","repostType":4,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005424105,"gmtCreate":1642385977510,"gmtModify":1676533706696,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005424105","repostId":"1188801416","repostType":4,"repost":{"id":"1188801416","pubTimestamp":1642295732,"share":"https://www.laohu8.com/m/news/1188801416?lang=&edition=full","pubTime":"2022-01-16 09:15","market":"us","language":"en","title":"5 Reasons To Buy Microsoft In 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1188801416","media":"Seeking Alpha","summary":"SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve rob","content":"<html><head></head><body><p>Summary</p><ul><li>Secular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.</li><li>The company has regularly exceeded analysts’ estimates on both revenues and earnings.</li><li>With a price to earnings ratio of 34.5, there is little room for disappointment.</li></ul><p>A sell-off in technology stocks at the start of the year has had investors reassess whether the sector's high valuations are justified. Meanwhile, bullish assessments concerning the impact of the Omicron variant have sparked a rotation away from tech stocks, and into more cyclical stocks in the consumer discretionary, energy and financial sectors.</p><p>With the prospect of higher interest rates on the cards, will we continue to see the rotation continue in 2022, or is it a case of déjà vu all over again? After all, we have been here before; the current market sentiment is very reminiscent to the start of 2021. The tech-heavy<i>Nasdaq Composite Index</i>fell by as much as 11% between mid-February and the first week of March last year. But technology stocks quickly bounced back, and led the index 24% higher by end the year.</p><p>If history is to repeat itself, then this could be yet another buying opportunity for investors, particularly for those tech names that have strong fundamentals and compelling growth outlooks.</p><p>Microsoft(NASDAQ:MSFT)could be one such company, for five main reasons that I'll describe below.</p><p>Consistent Outperformer</p><p>Microsoft's track record of growth over the past three and a half decades is very impressive. If you'd invested $1,000 in the company from its IPO in 1986, those shares would now be worth more than $4 million today.</p><p>Although much of the gains occurred before the new millennium, the pace of growth has re-accelerated in recent years, particularly since Satya Nadella came to the helm. In just under eight years since he was made CEO on February 4, 2014, the company's share price has gained more than 700%.</p><p>The share price performance reflected an acceleration in revenue and earnings growth for Microsoft. By 2020/1, its annualized 5-year revenue growth had risen to 13%, while EPS climbed by a compound annual growth rate of 25% over the same period.</p><p>Analysts expect full-year revenues in 2021/2 to increase by 17% to $196.50 billion, with earnings per share up 15% to $9.22. Looking further ahead, revenues are expected to grow by about 14% over each of the next two years. EPS is expected to climb by 14% to $10.54 in 2022/3, with a further increase of 18% to $12.42 per share penciled in for 2023/4.<img src=\"https://static.tigerbbs.com/0e1484ddb7001000c5b15565731d24a8\" tg-width=\"635\" tg-height=\"501\" width=\"100%\" height=\"auto\"/>Actual growth could prove to be even higher, considering that the company has regularly exceeded analysts' estimates on both revenues and earnings. According to data from Seeking Alpha, the average earnings surprise for the past 12 quarters is 11.9%. Meanwhile, quarterly revenues exceeded analysts' estimates by 3.3% over the same period.<img src=\"https://static.tigerbbs.com/ad1e0630a81d931c51380543d1979617\" tg-width=\"640\" tg-height=\"194\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/e0504df8de0df8e3174de1b37146e4f6\" tg-width=\"640\" tg-height=\"192\" width=\"100%\" height=\"auto\"/>Furthermore, despite the volatility in its share price, the consensus analysts' revenue and earnings revision trends are perspicuously positive. As such, the near- to medium-term outlook for growth appears to be intact.<img src=\"https://static.tigerbbs.com/af11bd1e31ea689b04f80940fa49ebf0\" tg-width=\"640\" tg-height=\"180\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/36f0a873c0bda94a8255ab3b79fdda2d\" tg-width=\"640\" tg-height=\"178\" width=\"100%\" height=\"auto\"/>Cloud Momentum</p><p>The momentum in its cloud and enterprise-facing businesses will likely see Microsoft achieve robust growth in the years ahead, in spite of recent concerns that the post-pandemic environment could bring slower growth in 2022. Although there are some fears that businesses that have already 'brought forward' their technology spending plans in the last two years may begin to moderate their spend, this would likely only have a temporary impact.</p><p>Long term fundamentals are backed up by the secular trends for digitization and increased cloud adoption. These trends are visible across almost every industry, in both the private and public sectors. And as they are driven by the desire to deliver productivity growth, a let-up in demand, if any, could prove to be short lasting.</p><p>What's more, Microsoft is well placed to capture more of this growing market, due to its strong market position, Azure's differentiated Cloud architecture and legacy strengths in the OEM and productivity software markets, which give it network and spillover benefits.</p><p>The company also continues to benefit from increased adoption of its cloud-based Office 365 offering. Office Commercial products and cloud services revenue grew by 13% in the past year, while the same for the consumer users saw an increase of 10%.</p><p>The shift towards cloud-based services, or Software as a Service (SaaS), is viewed by analysts as an up-sell of the company's legacy perpetual-license software. This is because the shift to a subscription-based software licensing and delivery model increases the lifetime value of each customer. And following the success of this strategy, Microsoft is looking to do something similar with its Windows operating system, following the launch of Windows 365in July last year.</p><p>Diversified Revenue Sources</p><p>For all the talk of Microsoft's cloud business, it's easy to forget about the company's other revenue sources and just how diversified the group's revenue sources actually are.</p><p>Diversification prevents the group from concentrating too much risk on a single segment of the market or a single product, enabling it to better cope with exogenous supply and demand shocks, such as the pandemic, supply disruptions or changes in market trends.</p><p><b>Annual revenue by product</b><img src=\"https://static.tigerbbs.com/2f0cf7ec329923fe8b0a7b939f9b1b55\" tg-width=\"486\" tg-height=\"415\" width=\"100%\" height=\"auto\"/>And as we can see, the group delivered broad-based growth in the year to June 30, 2021, as each reported segment reported an increase in revenues.</p><p>Wide Moat</p><p>Microsoft has a wide economic moat, which is underpinned by its entrenched market position in a range of services. In an industry where network effects are enormous and where switching imposes big costs on consumers and businesses, the company benefits from long term competitive advantages that protect its market share.</p><p>There are spillover benefits from the company's leadership in the markets for computer operating systems with Windows, productivity software via Microsoft Office suite and elsewhere. These services have natural synergies with each other and enable the company to create a seamless experience, which can drive a more engaged and loyal customer base.</p><p>On the cost side, its growing size brings with it economies of scale, as the bigger the business becomes, the more it can spread developmental and operational expenditures over a larger service base. Reflecting this, operating margins have been trending strongly upwards in the last 5 years - EBIT margins rose from 32.5% to 44.1% currently.</p><p><img src=\"https://static.tigerbbs.com/b0e127460515a13e3e6e266cfdccc162\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/>Growing Free Cash Flow</p><p>Microsoft's reliable free cash flows fund growing dividend payments and stock buybacks. The quarterly dividend has increased 44% over the last five years to a current quarterly payment of $0.56 per share.</p><p>The company generated more than $60 billion in free cash flow over the past 12 months, and management has returned substantially most of it to shareholders via dividends and buybacks. Last year, Microsoft spent a total of $43 billion in shareholder distributions. This included nearly $17 billion in dividends, with the current payout ratio having fallen to just below 25% - a 10-year low.</p><p><img src=\"https://static.tigerbbs.com/0beb3bdddfca8eeacb1416fc8f96549d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"/>What's more, Microsoft's balance sheet is in good order. Cash and short term investments ended 2021 at more than $130 billion. This dwarfed financial debts of just over $53 billion, and should leave it with more than enough financial firepower to invest in new products and fund mid-sized M&A opportunities without the need to reduce shareholder payouts in the medium term.</p><p>Risks</p><p>Despite its strengths, there are risks involved too.</p><p><b>Chip Shortages</b></p><p>The supply shortage of integrated circuits will likely drag into 2022, and possibly into 2023 too. This could delay the availability of its Surface and Xbox devices, as well as impact OEM sales at a time when it is rolling out Windows 11, its latest version of the Windows operating system.</p><p>That said, analysts expect the supply imbalance to ease by the middle of the year amid loosening production constraints, although prices could remain elevate for longer due to stickiness.</p><p><b>Pandemic-Driven Demand</b></p><p>The receding threat of the pandemic is causing consumers to spend less time at home and pushing employees back to the office. Recent pandemic-driven demand could ease in 2022, meaning the growth in the personal computer and gaming markets over the past two years could prove to be only temporary.</p><p><b>Competition and Market Trends</b></p><p>While long term trends are positive, there may be turbulence ahead. The cloud services market is fragmented, and parts of the business are vulnerable to competition and market trends.</p><p>Although Microsoft has a leading market share in many markets, competition in the industry is fierce. In the enterprise market, it has many competitors, including Amazon Web Services (AWS), Google Cloud, Oracle Cloud, IBM and Salesforce.</p><p>Competition extends to the poaching of talent. Microsoft has reportedly lost around 100 employees working on augmented reality projects over the past year, with a significant portion heading to Meta Platforms (formerly Facebook), as the two increasingly compete for the metaverse.</p><p>Elsewhere, declining PC trends could hurt the company in the long run, limiting future Windows OEM sales and potentially weakening its entrenched market position. Despite serious efforts, Microsoft has failed to gain a foothold in the mobile operating system market. Although it has had some success in offering its cloud-based solutions on rival Android and iOS platforms, this strategy has vulnerabilities.</p><p><b>High Valuation Multiples</b></p><p>Microsoft's high valuation multiples leave little room for disappointment. Its price-to-earnings ratio of 34.5 is some way above its 10-year median of 26.0.</p><p>Although the high PE multiple reflects the improved perception of the company's growth outlook in recent years, particularly the bullish optimism for its cloud growth, valuations have also benefited from the flow of money into the technology sector. Therefore, a rotation out of highly valued tech stocks could hurt Microsoft.</p><p>But Microsoft's valuation premium over other tech names, such as Alphabet(NASDAQ:GOOG)and Meta Platforms(NASDAQ:FB), reflects its perceived lower regulatory risk. By contrast, increased regulatory scrutiny over important data and privacy issues, as well as long-expected antitrust cases against Google in both the US and Europe, have brought the specter of big fines, increased compliance costs and competition risks for its rivals.</p><p>Bottom Line</p><p>Microsoft does not come cheap, but valuations do reflect the company's strong fundamentals and its compelling growth opportunities.</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>5 Reasons To Buy Microsoft In 2022</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\">\n5 Reasons To Buy Microsoft In 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-16 09:15 GMT+8 <a href=https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.The company has regularly exceeded analysts’ estimates on both ...</p>\n\n<a href=\"https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188801416","content_text":"SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.The company has regularly exceeded analysts’ estimates on both revenues and earnings.With a price to earnings ratio of 34.5, there is little room for disappointment.A sell-off in technology stocks at the start of the year has had investors reassess whether the sector's high valuations are justified. Meanwhile, bullish assessments concerning the impact of the Omicron variant have sparked a rotation away from tech stocks, and into more cyclical stocks in the consumer discretionary, energy and financial sectors.With the prospect of higher interest rates on the cards, will we continue to see the rotation continue in 2022, or is it a case of déjà vu all over again? After all, we have been here before; the current market sentiment is very reminiscent to the start of 2021. The tech-heavyNasdaq Composite Indexfell by as much as 11% between mid-February and the first week of March last year. But technology stocks quickly bounced back, and led the index 24% higher by end the year.If history is to repeat itself, then this could be yet another buying opportunity for investors, particularly for those tech names that have strong fundamentals and compelling growth outlooks.Microsoft(NASDAQ:MSFT)could be one such company, for five main reasons that I'll describe below.Consistent OutperformerMicrosoft's track record of growth over the past three and a half decades is very impressive. If you'd invested $1,000 in the company from its IPO in 1986, those shares would now be worth more than $4 million today.Although much of the gains occurred before the new millennium, the pace of growth has re-accelerated in recent years, particularly since Satya Nadella came to the helm. In just under eight years since he was made CEO on February 4, 2014, the company's share price has gained more than 700%.The share price performance reflected an acceleration in revenue and earnings growth for Microsoft. By 2020/1, its annualized 5-year revenue growth had risen to 13%, while EPS climbed by a compound annual growth rate of 25% over the same period.Analysts expect full-year revenues in 2021/2 to increase by 17% to $196.50 billion, with earnings per share up 15% to $9.22. Looking further ahead, revenues are expected to grow by about 14% over each of the next two years. EPS is expected to climb by 14% to $10.54 in 2022/3, with a further increase of 18% to $12.42 per share penciled in for 2023/4.Actual growth could prove to be even higher, considering that the company has regularly exceeded analysts' estimates on both revenues and earnings. According to data from Seeking Alpha, the average earnings surprise for the past 12 quarters is 11.9%. Meanwhile, quarterly revenues exceeded analysts' estimates by 3.3% over the same period.Furthermore, despite the volatility in its share price, the consensus analysts' revenue and earnings revision trends are perspicuously positive. As such, the near- to medium-term outlook for growth appears to be intact.Cloud MomentumThe momentum in its cloud and enterprise-facing businesses will likely see Microsoft achieve robust growth in the years ahead, in spite of recent concerns that the post-pandemic environment could bring slower growth in 2022. Although there are some fears that businesses that have already 'brought forward' their technology spending plans in the last two years may begin to moderate their spend, this would likely only have a temporary impact.Long term fundamentals are backed up by the secular trends for digitization and increased cloud adoption. These trends are visible across almost every industry, in both the private and public sectors. And as they are driven by the desire to deliver productivity growth, a let-up in demand, if any, could prove to be short lasting.What's more, Microsoft is well placed to capture more of this growing market, due to its strong market position, Azure's differentiated Cloud architecture and legacy strengths in the OEM and productivity software markets, which give it network and spillover benefits.The company also continues to benefit from increased adoption of its cloud-based Office 365 offering. Office Commercial products and cloud services revenue grew by 13% in the past year, while the same for the consumer users saw an increase of 10%.The shift towards cloud-based services, or Software as a Service (SaaS), is viewed by analysts as an up-sell of the company's legacy perpetual-license software. This is because the shift to a subscription-based software licensing and delivery model increases the lifetime value of each customer. And following the success of this strategy, Microsoft is looking to do something similar with its Windows operating system, following the launch of Windows 365in July last year.Diversified Revenue SourcesFor all the talk of Microsoft's cloud business, it's easy to forget about the company's other revenue sources and just how diversified the group's revenue sources actually are.Diversification prevents the group from concentrating too much risk on a single segment of the market or a single product, enabling it to better cope with exogenous supply and demand shocks, such as the pandemic, supply disruptions or changes in market trends.Annual revenue by productAnd as we can see, the group delivered broad-based growth in the year to June 30, 2021, as each reported segment reported an increase in revenues.Wide MoatMicrosoft has a wide economic moat, which is underpinned by its entrenched market position in a range of services. In an industry where network effects are enormous and where switching imposes big costs on consumers and businesses, the company benefits from long term competitive advantages that protect its market share.There are spillover benefits from the company's leadership in the markets for computer operating systems with Windows, productivity software via Microsoft Office suite and elsewhere. These services have natural synergies with each other and enable the company to create a seamless experience, which can drive a more engaged and loyal customer base.On the cost side, its growing size brings with it economies of scale, as the bigger the business becomes, the more it can spread developmental and operational expenditures over a larger service base. Reflecting this, operating margins have been trending strongly upwards in the last 5 years - EBIT margins rose from 32.5% to 44.1% currently.Growing Free Cash FlowMicrosoft's reliable free cash flows fund growing dividend payments and stock buybacks. The quarterly dividend has increased 44% over the last five years to a current quarterly payment of $0.56 per share.The company generated more than $60 billion in free cash flow over the past 12 months, and management has returned substantially most of it to shareholders via dividends and buybacks. Last year, Microsoft spent a total of $43 billion in shareholder distributions. This included nearly $17 billion in dividends, with the current payout ratio having fallen to just below 25% - a 10-year low.What's more, Microsoft's balance sheet is in good order. Cash and short term investments ended 2021 at more than $130 billion. This dwarfed financial debts of just over $53 billion, and should leave it with more than enough financial firepower to invest in new products and fund mid-sized M&A opportunities without the need to reduce shareholder payouts in the medium term.RisksDespite its strengths, there are risks involved too.Chip ShortagesThe supply shortage of integrated circuits will likely drag into 2022, and possibly into 2023 too. This could delay the availability of its Surface and Xbox devices, as well as impact OEM sales at a time when it is rolling out Windows 11, its latest version of the Windows operating system.That said, analysts expect the supply imbalance to ease by the middle of the year amid loosening production constraints, although prices could remain elevate for longer due to stickiness.Pandemic-Driven DemandThe receding threat of the pandemic is causing consumers to spend less time at home and pushing employees back to the office. Recent pandemic-driven demand could ease in 2022, meaning the growth in the personal computer and gaming markets over the past two years could prove to be only temporary.Competition and Market TrendsWhile long term trends are positive, there may be turbulence ahead. The cloud services market is fragmented, and parts of the business are vulnerable to competition and market trends.Although Microsoft has a leading market share in many markets, competition in the industry is fierce. In the enterprise market, it has many competitors, including Amazon Web Services (AWS), Google Cloud, Oracle Cloud, IBM and Salesforce.Competition extends to the poaching of talent. Microsoft has reportedly lost around 100 employees working on augmented reality projects over the past year, with a significant portion heading to Meta Platforms (formerly Facebook), as the two increasingly compete for the metaverse.Elsewhere, declining PC trends could hurt the company in the long run, limiting future Windows OEM sales and potentially weakening its entrenched market position. Despite serious efforts, Microsoft has failed to gain a foothold in the mobile operating system market. Although it has had some success in offering its cloud-based solutions on rival Android and iOS platforms, this strategy has vulnerabilities.High Valuation MultiplesMicrosoft's high valuation multiples leave little room for disappointment. Its price-to-earnings ratio of 34.5 is some way above its 10-year median of 26.0.Although the high PE multiple reflects the improved perception of the company's growth outlook in recent years, particularly the bullish optimism for its cloud growth, valuations have also benefited from the flow of money into the technology sector. Therefore, a rotation out of highly valued tech stocks could hurt Microsoft.But Microsoft's valuation premium over other tech names, such as Alphabet(NASDAQ:GOOG)and Meta Platforms(NASDAQ:FB), reflects its perceived lower regulatory risk. By contrast, increased regulatory scrutiny over important data and privacy issues, as well as long-expected antitrust cases against Google in both the US and Europe, have brought the specter of big fines, increased compliance costs and competition risks for its rivals.Bottom LineMicrosoft does not come cheap, but valuations do reflect the company's strong fundamentals and its compelling growth opportunities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006795783,"gmtCreate":1641834024347,"gmtModify":1676533652561,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"like pls","listText":"like pls","text":"like pls","images":[{"img":"https://static.itradeup.com/news/88efb5d7c21b21a6ab3eaeea30716e2a","width":"1080","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006795783","isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9036210010,"gmtCreate":1647102518862,"gmtModify":1676534195104,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036210010","repostId":"1138656884","repostType":4,"repost":{"id":"1138656884","pubTimestamp":1647042534,"share":"https://www.laohu8.com/m/news/1138656884?lang=&edition=full","pubTime":"2022-03-12 07:48","market":"other","language":"en","title":"Australian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat","url":"https://stock-news.laohu8.com/highlight/detail?id=1138656884","media":"smallcaps","summary":"Australian shares wilted in the face of potential stagflation as price growth in the United States h","content":"<html><head></head><body><p>Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.</p><p>The US inflation figures saw the February numbers hit a staggering 7.9% annual rate, with worse to come as the spike in commodity prices due to wide-ranging sanctions against Russia will be reflected even more strongly in the next figures.</p><p>That brings stagflation into the realm of possibilities with rising costs against stagnant economic growth a potential scenario if US CPI passes an annualised 9%.</p><p><b>Market starts higher but is swamped by bad news</b></p><p>After starting higher, the ASX 200 dropped 0.9%, or 67.2 points to 7063.6 points on Friday after the highest US inflation since 1982 with the rising costs also putting intense pressure on the US Federal Reserve to act swiftly to raise official interest rates.</p><p>Technology shares were hit particularly hard with the local stocks chasing a plunging NASDAQ to close down 3.2% on Friday – a fall of more than 20% so far this year.</p><p>The only shares that showed some resilience in the face of determined selling were those that stand to benefit from rising prices – those in the utilities, materials and energy sectors.</p><p><b>Market down on interest rate expectations and slowing economy</b></p><p>Australian investors now need to really take notice of Reserve Bank governor Dr Philip Lowe’s warning to prepare for rising interest rates at the same time as the price of living and commodities is rising sharply and economic growth could be weakening.</p><p>While there were some good days during the week, by the Friday close the ASX200 index was down 0.7% for the week, with the telco sector down 1.6% for the week and down for nine of the last ten weeks.</p><p>On top of the Ukraine war and US inflation caused volatility, there was also some company specific news pushing stock prices around.</p><p><b>Breville gets negative jolt from more coffee</b></p><p>Shares in appliance manufacturer and distributor Breville (ASX: BRG)fell 2.7% to $26.24 after it announced the $170 million acquisition of Italian upmarket coffee machine maker LELIT.</p><p>The acquisition is meant to strengthen Breville’s standing in the coffee market and will be funded on a cash and debt-free basis, with half of the payment in cash and the other half in scrip.</p><p>That potential dilution gave investors an unpleasant jolt despite the potential positives of the acquisition.</p><p><b>Crazy nickel prices end Nickel Mines’ SPP</b></p><p>In other newsNickel Mines (ASX: NIC)responded to crazy trading in the nickel market by announcing the immediate withdrawal of its share purchase plan (SPP).</p><p>The nickel miner said that “applications have far exceeded” the target of $18 million, with $57 million of applications already arriving for new shares.</p><p>There has been some crazy nickel trading on the London Metals Exchange after Xiang “Big Shot”” Guangda’s Tsingshan Holding Group was caught out with some massive short positions on nickel.</p><p>Despite being the world’s biggest nickel producer, the group’s short positions were overtaken by a massive nickel price surge as Russia’s invasion of Ukraine pushed up prices.</p><p>Nickel prices zoomed to a record high above $136,000 a tonne during the week and trading was suspended, causing havoc for other nickel stocks too including Nickel Mines as their share purchase plan was swamped.</p><p>Nickel will continue to be interesting with no clarity on whether Tsingshan’s remaining short positions will remain or be traded.</p><p><b>Zip’s share price falls below SPP</b></p><p>Another share purchase plan causing interest was one by buy now pay later groupZip Co (ASX: Z1P), with shares closing down 7.6% after it announced plans to raise about $50 million through the SPP.</p><p>The SPP come after Zip raised $148.7 million at the $1.90 issue price from institutional investors but this price was set at a 2% discount to the volume-weighted-average-price of Zip shares during the five trading days up to 1 April this year.</p><p>With the stock last trading at $1.58, shareholders would be better off buying on market than through the SPP as Zip shares follow technology stocks south.</p><p>In other news Virtus Health (ASX: VRT)shares entered a trading halt after the fertility clinic operator foreshadowed an announcement “in relation to ongoing matters pertaining to proposals to acquire Virtus Health”.</p><p><b>Small cap stock action</b></p><p>The Small Ords index fell 0.66% this week to 3179.7 points.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/421d9bd96a2a3370333d54cd1444e662\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/><span>ASX 200 vs Small Ords</span></p><p>Small cap companies making headlines this week were:</p><p><b>Incannex Healthcare (ASX: IHL)</b></p><p>Preliminary results from a phase 2 clinical trial investigating Incannex Healthcare’s novel cannabinoid IHL-42X drug has shown itcan reduce disease severity in obstructive sleep apnoea(OSA).</p><p>The phase 2 proof of concept trial was conducted at the University of Western Australia’s Centre for Sleep Science and Victoria’s The Alfred Hospital.</p><p>Three doses of IHL-42X and a placebo were assessed, with results demonstrating up to 91.5% reduction in the severity of OSA with one particular dosage of IHL-42X.</p><p><b>92 Energy (ASX: 92E)</b></p><p>Elevated uranium was intersected in the first three holes of 92 Energy’s winter drilling program at its Gemini Mineralised Zone (GMZ) uranium discovery, within its Gemini project, which is 27km from the McArthur River uranium mine in Saskatchewan, Canada.</p><p>92 Energy plans to complete 6,600m of drilling at the project, with one of the first three holes unearthing 14m of composite elevated radioactivity.</p><p>The GMZ zone is open in all directions and was first discovered last year after drilling uncovered 5.5m at 0.12% uranium.</p><p><b>Live Verdure (ASX: LV1)</b></p><p>Live Verdure is preparing tolaunch the first four hemp-based skincare products under its 8 Seeds brand in the September quarterof this year.</p><p>The initial hemp-based skincare products comprise a daily hydrating facial moisturiser with SPF, facial serum, cleansing oil and body repair crème.</p><p>A further nine products are under development across two ranges. The Derma range is harnessing the anti-inflammatory properties of hemp to target common skin conditions such as acne, eczema, psoriasis and rosacea.</p><p>The second range is non-irritating and anti-inflammatory for people with sensitive skin. Products from these two ranges will be rolled-out after the initial four have been launched.</p><p><b>Investigator Resources (ASX: IVR)</b></p><p>Follow updrilling has kicked-off at targets close to Investigator Resources’ Paris silver projectin South Australia to build on the project’s current resource of 18.8Mt at 88g/t silver and 0.52% lead for 53.1Moz of silver and 97,600t of lead.</p><p>A 6,750m program for 51-holes has been planned and will focus on six prospects – Ares, Apollo, Helen East, Uno-Morgans, Diomedes and Ajax.</p><p>The current program is following up on previous drilling and surveys across the prospects that returned silver, gold, lead and zinc.</p><p><b>Eclipse Metals (ASX: EPM)</b></p><p>Rare earths, precious and base metals have all been identified ingrab samples from Eclipse Metals’ Ivittuut projectin Greenland.</p><p>The grab samples were collected from the Ivigtut and Gronnedal-Ika prospects within the project and Eclipse now has interim laboratory results from nine of the samples.</p><p>Rare earths were identified in grades up to 0.62% lanthanum, 10% cerium, 0.10% praseodymium, 0.82% neodymium, 0.10% samarium, 0.10% gadolinium, and 0.86% yttrium at Gronnedal-Ika.</p><p>While at the Ivigtut mine dumps samples assayed up to 165g/t silver, 0.14% copper, 3.83% lead and 0.37% zinc.</p><p><b>Leigh Creek (ASX: LCK)</b></p><p>South Australia’s Department of Energy and Mining has granted approval to Leigh Creek for construction to begin at its Leigh Creek urea project in the state.</p><p>Leigh Creek managing director Phil Stavely said the company now looked forward to starting construction activities at the project site.</p><p>“We expect preliminary preparatory work to commence next week.”</p><p>This approval specifically relates to shallow investigation drilling, which will provide geological, geotechnical and environmental information for the urea project’s stage one and stage two designs.</p><p>From its Leigh Creek project, the company plans to develop the only fully integrated urea production facility in Australia with all inputs for low carbon urea production on site.</p><p><b>Lunnon Metals (ASX: LM8)</b></p><p>Lunnon Metals has unearthednickel sulphides again in the latest hole at the Warren target, which is part of the historical Foster mine within its wider Kambalda nickel project in WA.</p><p>This hole was wedging off the parent hole and hit nickel sulphides about 20m up-dip of the parent hole – exactly at the depth predicted by the down hole electromagnetic survey.</p><p>The company’s drilling program at Warren aims to demonstrate it hosts a separate nickel mineralised channel in its own right with the potential to have “substantially more” than the current 6,400t of metal.</p><p><b>The week ahead</b></p><p>The Russian invasion of Ukraine and retaliatory sanctions on Russia will continue to boost share market volatility this week.</p><p>Add to that a US Federal Reserve announcement on Wednesday of an interest rate rise on the back of flying inflation readings and you have the main ingredients for a very topsy turvy week in prospect.</p><p>While they are the two biggest market movers to keep an eye on, there are a host of other things to consider with the biggest in Australia probably the jobs figures on Thursday.</p><p>Expectations are that up to 40,000 jobs will have been added in February.</p><p>Other local releases to watch out for include consumer confidence, Reserve Bank board meeting minutes and figures on our very weak population growth.</p><p>Overseas, other than the US Fed announcement there are US releases on housing, retail sales and manufacturing while Chinese numbers on new house prices, retail sales and investment will also add colour to what is happening inside the giant country.</p></body></html>","source":"lsy1646436655885","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>Australian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat</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; 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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\">\nAustralian Shares Weekly Review: Stagflation Fears Force Share Market Into Retreat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-12 07:48 GMT+8 <a href=https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/><strong>smallcaps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.The US inflation figures saw the February numbers hit a staggering 7.9% annual ...</p>\n\n<a href=\"https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIC.AU":"Nickel Industries Ltd","XJO.AU":"标普/澳交所 200指数","EPM.AU":"ECLIPSE METALS LTD","LV1.AU":"LIVE VERDURE LTD","BRG.AU":"BREVILLE GROUP LTD","IVR.AU":"INVESTIGATOR RESOURCES LTD","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数","LM8.AU":"Lunnon Metals Limited","Z1P.AU":"Zip","IHL.AU":"INCANNEX HEALTHCARE LIMITED","92E.AU":"Energy Ltd","LCK.AU":"Leigh Creek Energy"},"source_url":"https://smallcaps.com.au/stagflation-fears-share-market-retreat-weekly-review/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138656884","content_text":"Australian shares wilted in the face of potential stagflation as price growth in the United States hit a 40 year high.The US inflation figures saw the February numbers hit a staggering 7.9% annual rate, with worse to come as the spike in commodity prices due to wide-ranging sanctions against Russia will be reflected even more strongly in the next figures.That brings stagflation into the realm of possibilities with rising costs against stagnant economic growth a potential scenario if US CPI passes an annualised 9%.Market starts higher but is swamped by bad newsAfter starting higher, the ASX 200 dropped 0.9%, or 67.2 points to 7063.6 points on Friday after the highest US inflation since 1982 with the rising costs also putting intense pressure on the US Federal Reserve to act swiftly to raise official interest rates.Technology shares were hit particularly hard with the local stocks chasing a plunging NASDAQ to close down 3.2% on Friday – a fall of more than 20% so far this year.The only shares that showed some resilience in the face of determined selling were those that stand to benefit from rising prices – those in the utilities, materials and energy sectors.Market down on interest rate expectations and slowing economyAustralian investors now need to really take notice of Reserve Bank governor Dr Philip Lowe’s warning to prepare for rising interest rates at the same time as the price of living and commodities is rising sharply and economic growth could be weakening.While there were some good days during the week, by the Friday close the ASX200 index was down 0.7% for the week, with the telco sector down 1.6% for the week and down for nine of the last ten weeks.On top of the Ukraine war and US inflation caused volatility, there was also some company specific news pushing stock prices around.Breville gets negative jolt from more coffeeShares in appliance manufacturer and distributor Breville (ASX: BRG)fell 2.7% to $26.24 after it announced the $170 million acquisition of Italian upmarket coffee machine maker LELIT.The acquisition is meant to strengthen Breville’s standing in the coffee market and will be funded on a cash and debt-free basis, with half of the payment in cash and the other half in scrip.That potential dilution gave investors an unpleasant jolt despite the potential positives of the acquisition.Crazy nickel prices end Nickel Mines’ SPPIn other newsNickel Mines (ASX: NIC)responded to crazy trading in the nickel market by announcing the immediate withdrawal of its share purchase plan (SPP).The nickel miner said that “applications have far exceeded” the target of $18 million, with $57 million of applications already arriving for new shares.There has been some crazy nickel trading on the London Metals Exchange after Xiang “Big Shot”” Guangda’s Tsingshan Holding Group was caught out with some massive short positions on nickel.Despite being the world’s biggest nickel producer, the group’s short positions were overtaken by a massive nickel price surge as Russia’s invasion of Ukraine pushed up prices.Nickel prices zoomed to a record high above $136,000 a tonne during the week and trading was suspended, causing havoc for other nickel stocks too including Nickel Mines as their share purchase plan was swamped.Nickel will continue to be interesting with no clarity on whether Tsingshan’s remaining short positions will remain or be traded.Zip’s share price falls below SPPAnother share purchase plan causing interest was one by buy now pay later groupZip Co (ASX: Z1P), with shares closing down 7.6% after it announced plans to raise about $50 million through the SPP.The SPP come after Zip raised $148.7 million at the $1.90 issue price from institutional investors but this price was set at a 2% discount to the volume-weighted-average-price of Zip shares during the five trading days up to 1 April this year.With the stock last trading at $1.58, shareholders would be better off buying on market than through the SPP as Zip shares follow technology stocks south.In other news Virtus Health (ASX: VRT)shares entered a trading halt after the fertility clinic operator foreshadowed an announcement “in relation to ongoing matters pertaining to proposals to acquire Virtus Health”.Small cap stock actionThe Small Ords index fell 0.66% this week to 3179.7 points.ASX 200 vs Small OrdsSmall cap companies making headlines this week were:Incannex Healthcare (ASX: IHL)Preliminary results from a phase 2 clinical trial investigating Incannex Healthcare’s novel cannabinoid IHL-42X drug has shown itcan reduce disease severity in obstructive sleep apnoea(OSA).The phase 2 proof of concept trial was conducted at the University of Western Australia’s Centre for Sleep Science and Victoria’s The Alfred Hospital.Three doses of IHL-42X and a placebo were assessed, with results demonstrating up to 91.5% reduction in the severity of OSA with one particular dosage of IHL-42X.92 Energy (ASX: 92E)Elevated uranium was intersected in the first three holes of 92 Energy’s winter drilling program at its Gemini Mineralised Zone (GMZ) uranium discovery, within its Gemini project, which is 27km from the McArthur River uranium mine in Saskatchewan, Canada.92 Energy plans to complete 6,600m of drilling at the project, with one of the first three holes unearthing 14m of composite elevated radioactivity.The GMZ zone is open in all directions and was first discovered last year after drilling uncovered 5.5m at 0.12% uranium.Live Verdure (ASX: LV1)Live Verdure is preparing tolaunch the first four hemp-based skincare products under its 8 Seeds brand in the September quarterof this year.The initial hemp-based skincare products comprise a daily hydrating facial moisturiser with SPF, facial serum, cleansing oil and body repair crème.A further nine products are under development across two ranges. The Derma range is harnessing the anti-inflammatory properties of hemp to target common skin conditions such as acne, eczema, psoriasis and rosacea.The second range is non-irritating and anti-inflammatory for people with sensitive skin. Products from these two ranges will be rolled-out after the initial four have been launched.Investigator Resources (ASX: IVR)Follow updrilling has kicked-off at targets close to Investigator Resources’ Paris silver projectin South Australia to build on the project’s current resource of 18.8Mt at 88g/t silver and 0.52% lead for 53.1Moz of silver and 97,600t of lead.A 6,750m program for 51-holes has been planned and will focus on six prospects – Ares, Apollo, Helen East, Uno-Morgans, Diomedes and Ajax.The current program is following up on previous drilling and surveys across the prospects that returned silver, gold, lead and zinc.Eclipse Metals (ASX: EPM)Rare earths, precious and base metals have all been identified ingrab samples from Eclipse Metals’ Ivittuut projectin Greenland.The grab samples were collected from the Ivigtut and Gronnedal-Ika prospects within the project and Eclipse now has interim laboratory results from nine of the samples.Rare earths were identified in grades up to 0.62% lanthanum, 10% cerium, 0.10% praseodymium, 0.82% neodymium, 0.10% samarium, 0.10% gadolinium, and 0.86% yttrium at Gronnedal-Ika.While at the Ivigtut mine dumps samples assayed up to 165g/t silver, 0.14% copper, 3.83% lead and 0.37% zinc.Leigh Creek (ASX: LCK)South Australia’s Department of Energy and Mining has granted approval to Leigh Creek for construction to begin at its Leigh Creek urea project in the state.Leigh Creek managing director Phil Stavely said the company now looked forward to starting construction activities at the project site.“We expect preliminary preparatory work to commence next week.”This approval specifically relates to shallow investigation drilling, which will provide geological, geotechnical and environmental information for the urea project’s stage one and stage two designs.From its Leigh Creek project, the company plans to develop the only fully integrated urea production facility in Australia with all inputs for low carbon urea production on site.Lunnon Metals (ASX: LM8)Lunnon Metals has unearthednickel sulphides again in the latest hole at the Warren target, which is part of the historical Foster mine within its wider Kambalda nickel project in WA.This hole was wedging off the parent hole and hit nickel sulphides about 20m up-dip of the parent hole – exactly at the depth predicted by the down hole electromagnetic survey.The company’s drilling program at Warren aims to demonstrate it hosts a separate nickel mineralised channel in its own right with the potential to have “substantially more” than the current 6,400t of metal.The week aheadThe Russian invasion of Ukraine and retaliatory sanctions on Russia will continue to boost share market volatility this week.Add to that a US Federal Reserve announcement on Wednesday of an interest rate rise on the back of flying inflation readings and you have the main ingredients for a very topsy turvy week in prospect.While they are the two biggest market movers to keep an eye on, there are a host of other things to consider with the biggest in Australia probably the jobs figures on Thursday.Expectations are that up to 40,000 jobs will have been added in February.Other local releases to watch out for include consumer confidence, Reserve Bank board meeting minutes and figures on our very weak population growth.Overseas, other than the US Fed announcement there are US releases on housing, retail sales and manufacturing while Chinese numbers on new house prices, retail sales and investment will also add colour to what is happening inside the giant country.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006795783,"gmtCreate":1641834024347,"gmtModify":1676533652561,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"like pls","listText":"like pls","text":"like pls","images":[{"img":"https://static.itradeup.com/news/88efb5d7c21b21a6ab3eaeea30716e2a","width":"1080","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006795783","isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9005424105,"gmtCreate":1642385977510,"gmtModify":1676533706696,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005424105","repostId":"1188801416","repostType":4,"repost":{"id":"1188801416","pubTimestamp":1642295732,"share":"https://www.laohu8.com/m/news/1188801416?lang=&edition=full","pubTime":"2022-01-16 09:15","market":"us","language":"en","title":"5 Reasons To Buy Microsoft In 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1188801416","media":"Seeking Alpha","summary":"SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve rob","content":"<html><head></head><body><p>Summary</p><ul><li>Secular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.</li><li>The company has regularly exceeded analysts’ estimates on both revenues and earnings.</li><li>With a price to earnings ratio of 34.5, there is little room for disappointment.</li></ul><p>A sell-off in technology stocks at the start of the year has had investors reassess whether the sector's high valuations are justified. Meanwhile, bullish assessments concerning the impact of the Omicron variant have sparked a rotation away from tech stocks, and into more cyclical stocks in the consumer discretionary, energy and financial sectors.</p><p>With the prospect of higher interest rates on the cards, will we continue to see the rotation continue in 2022, or is it a case of déjà vu all over again? After all, we have been here before; the current market sentiment is very reminiscent to the start of 2021. The tech-heavy<i>Nasdaq Composite Index</i>fell by as much as 11% between mid-February and the first week of March last year. But technology stocks quickly bounced back, and led the index 24% higher by end the year.</p><p>If history is to repeat itself, then this could be yet another buying opportunity for investors, particularly for those tech names that have strong fundamentals and compelling growth outlooks.</p><p>Microsoft(NASDAQ:MSFT)could be one such company, for five main reasons that I'll describe below.</p><p>Consistent Outperformer</p><p>Microsoft's track record of growth over the past three and a half decades is very impressive. If you'd invested $1,000 in the company from its IPO in 1986, those shares would now be worth more than $4 million today.</p><p>Although much of the gains occurred before the new millennium, the pace of growth has re-accelerated in recent years, particularly since Satya Nadella came to the helm. In just under eight years since he was made CEO on February 4, 2014, the company's share price has gained more than 700%.</p><p>The share price performance reflected an acceleration in revenue and earnings growth for Microsoft. By 2020/1, its annualized 5-year revenue growth had risen to 13%, while EPS climbed by a compound annual growth rate of 25% over the same period.</p><p>Analysts expect full-year revenues in 2021/2 to increase by 17% to $196.50 billion, with earnings per share up 15% to $9.22. Looking further ahead, revenues are expected to grow by about 14% over each of the next two years. EPS is expected to climb by 14% to $10.54 in 2022/3, with a further increase of 18% to $12.42 per share penciled in for 2023/4.<img src=\"https://static.tigerbbs.com/0e1484ddb7001000c5b15565731d24a8\" tg-width=\"635\" tg-height=\"501\" width=\"100%\" height=\"auto\"/>Actual growth could prove to be even higher, considering that the company has regularly exceeded analysts' estimates on both revenues and earnings. According to data from Seeking Alpha, the average earnings surprise for the past 12 quarters is 11.9%. Meanwhile, quarterly revenues exceeded analysts' estimates by 3.3% over the same period.<img src=\"https://static.tigerbbs.com/ad1e0630a81d931c51380543d1979617\" tg-width=\"640\" tg-height=\"194\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/e0504df8de0df8e3174de1b37146e4f6\" tg-width=\"640\" tg-height=\"192\" width=\"100%\" height=\"auto\"/>Furthermore, despite the volatility in its share price, the consensus analysts' revenue and earnings revision trends are perspicuously positive. As such, the near- to medium-term outlook for growth appears to be intact.<img src=\"https://static.tigerbbs.com/af11bd1e31ea689b04f80940fa49ebf0\" tg-width=\"640\" tg-height=\"180\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/36f0a873c0bda94a8255ab3b79fdda2d\" tg-width=\"640\" tg-height=\"178\" width=\"100%\" height=\"auto\"/>Cloud Momentum</p><p>The momentum in its cloud and enterprise-facing businesses will likely see Microsoft achieve robust growth in the years ahead, in spite of recent concerns that the post-pandemic environment could bring slower growth in 2022. Although there are some fears that businesses that have already 'brought forward' their technology spending plans in the last two years may begin to moderate their spend, this would likely only have a temporary impact.</p><p>Long term fundamentals are backed up by the secular trends for digitization and increased cloud adoption. These trends are visible across almost every industry, in both the private and public sectors. And as they are driven by the desire to deliver productivity growth, a let-up in demand, if any, could prove to be short lasting.</p><p>What's more, Microsoft is well placed to capture more of this growing market, due to its strong market position, Azure's differentiated Cloud architecture and legacy strengths in the OEM and productivity software markets, which give it network and spillover benefits.</p><p>The company also continues to benefit from increased adoption of its cloud-based Office 365 offering. Office Commercial products and cloud services revenue grew by 13% in the past year, while the same for the consumer users saw an increase of 10%.</p><p>The shift towards cloud-based services, or Software as a Service (SaaS), is viewed by analysts as an up-sell of the company's legacy perpetual-license software. This is because the shift to a subscription-based software licensing and delivery model increases the lifetime value of each customer. And following the success of this strategy, Microsoft is looking to do something similar with its Windows operating system, following the launch of Windows 365in July last year.</p><p>Diversified Revenue Sources</p><p>For all the talk of Microsoft's cloud business, it's easy to forget about the company's other revenue sources and just how diversified the group's revenue sources actually are.</p><p>Diversification prevents the group from concentrating too much risk on a single segment of the market or a single product, enabling it to better cope with exogenous supply and demand shocks, such as the pandemic, supply disruptions or changes in market trends.</p><p><b>Annual revenue by product</b><img src=\"https://static.tigerbbs.com/2f0cf7ec329923fe8b0a7b939f9b1b55\" tg-width=\"486\" tg-height=\"415\" width=\"100%\" height=\"auto\"/>And as we can see, the group delivered broad-based growth in the year to June 30, 2021, as each reported segment reported an increase in revenues.</p><p>Wide Moat</p><p>Microsoft has a wide economic moat, which is underpinned by its entrenched market position in a range of services. In an industry where network effects are enormous and where switching imposes big costs on consumers and businesses, the company benefits from long term competitive advantages that protect its market share.</p><p>There are spillover benefits from the company's leadership in the markets for computer operating systems with Windows, productivity software via Microsoft Office suite and elsewhere. These services have natural synergies with each other and enable the company to create a seamless experience, which can drive a more engaged and loyal customer base.</p><p>On the cost side, its growing size brings with it economies of scale, as the bigger the business becomes, the more it can spread developmental and operational expenditures over a larger service base. Reflecting this, operating margins have been trending strongly upwards in the last 5 years - EBIT margins rose from 32.5% to 44.1% currently.</p><p><img src=\"https://static.tigerbbs.com/b0e127460515a13e3e6e266cfdccc162\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/>Growing Free Cash Flow</p><p>Microsoft's reliable free cash flows fund growing dividend payments and stock buybacks. The quarterly dividend has increased 44% over the last five years to a current quarterly payment of $0.56 per share.</p><p>The company generated more than $60 billion in free cash flow over the past 12 months, and management has returned substantially most of it to shareholders via dividends and buybacks. Last year, Microsoft spent a total of $43 billion in shareholder distributions. This included nearly $17 billion in dividends, with the current payout ratio having fallen to just below 25% - a 10-year low.</p><p><img src=\"https://static.tigerbbs.com/0beb3bdddfca8eeacb1416fc8f96549d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"/>What's more, Microsoft's balance sheet is in good order. Cash and short term investments ended 2021 at more than $130 billion. This dwarfed financial debts of just over $53 billion, and should leave it with more than enough financial firepower to invest in new products and fund mid-sized M&A opportunities without the need to reduce shareholder payouts in the medium term.</p><p>Risks</p><p>Despite its strengths, there are risks involved too.</p><p><b>Chip Shortages</b></p><p>The supply shortage of integrated circuits will likely drag into 2022, and possibly into 2023 too. This could delay the availability of its Surface and Xbox devices, as well as impact OEM sales at a time when it is rolling out Windows 11, its latest version of the Windows operating system.</p><p>That said, analysts expect the supply imbalance to ease by the middle of the year amid loosening production constraints, although prices could remain elevate for longer due to stickiness.</p><p><b>Pandemic-Driven Demand</b></p><p>The receding threat of the pandemic is causing consumers to spend less time at home and pushing employees back to the office. Recent pandemic-driven demand could ease in 2022, meaning the growth in the personal computer and gaming markets over the past two years could prove to be only temporary.</p><p><b>Competition and Market Trends</b></p><p>While long term trends are positive, there may be turbulence ahead. The cloud services market is fragmented, and parts of the business are vulnerable to competition and market trends.</p><p>Although Microsoft has a leading market share in many markets, competition in the industry is fierce. In the enterprise market, it has many competitors, including Amazon Web Services (AWS), Google Cloud, Oracle Cloud, IBM and Salesforce.</p><p>Competition extends to the poaching of talent. Microsoft has reportedly lost around 100 employees working on augmented reality projects over the past year, with a significant portion heading to Meta Platforms (formerly Facebook), as the two increasingly compete for the metaverse.</p><p>Elsewhere, declining PC trends could hurt the company in the long run, limiting future Windows OEM sales and potentially weakening its entrenched market position. Despite serious efforts, Microsoft has failed to gain a foothold in the mobile operating system market. Although it has had some success in offering its cloud-based solutions on rival Android and iOS platforms, this strategy has vulnerabilities.</p><p><b>High Valuation Multiples</b></p><p>Microsoft's high valuation multiples leave little room for disappointment. Its price-to-earnings ratio of 34.5 is some way above its 10-year median of 26.0.</p><p>Although the high PE multiple reflects the improved perception of the company's growth outlook in recent years, particularly the bullish optimism for its cloud growth, valuations have also benefited from the flow of money into the technology sector. Therefore, a rotation out of highly valued tech stocks could hurt Microsoft.</p><p>But Microsoft's valuation premium over other tech names, such as Alphabet(NASDAQ:GOOG)and Meta Platforms(NASDAQ:FB), reflects its perceived lower regulatory risk. By contrast, increased regulatory scrutiny over important data and privacy issues, as well as long-expected antitrust cases against Google in both the US and Europe, have brought the specter of big fines, increased compliance costs and competition risks for its rivals.</p><p>Bottom Line</p><p>Microsoft does not come cheap, but valuations do reflect the company's strong fundamentals and its compelling growth opportunities.</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>5 Reasons To Buy Microsoft In 2022</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\">\n5 Reasons To Buy Microsoft In 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-16 09:15 GMT+8 <a href=https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.The company has regularly exceeded analysts’ estimates on both ...</p>\n\n<a href=\"https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4479773-5-reasons-to-buy-microsoft-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188801416","content_text":"SummarySecular trends will likely see Microsoft's cloud and enterprise-facing businesses achieve robust growth in 2022 and beyond.The company has regularly exceeded analysts’ estimates on both revenues and earnings.With a price to earnings ratio of 34.5, there is little room for disappointment.A sell-off in technology stocks at the start of the year has had investors reassess whether the sector's high valuations are justified. Meanwhile, bullish assessments concerning the impact of the Omicron variant have sparked a rotation away from tech stocks, and into more cyclical stocks in the consumer discretionary, energy and financial sectors.With the prospect of higher interest rates on the cards, will we continue to see the rotation continue in 2022, or is it a case of déjà vu all over again? After all, we have been here before; the current market sentiment is very reminiscent to the start of 2021. The tech-heavyNasdaq Composite Indexfell by as much as 11% between mid-February and the first week of March last year. But technology stocks quickly bounced back, and led the index 24% higher by end the year.If history is to repeat itself, then this could be yet another buying opportunity for investors, particularly for those tech names that have strong fundamentals and compelling growth outlooks.Microsoft(NASDAQ:MSFT)could be one such company, for five main reasons that I'll describe below.Consistent OutperformerMicrosoft's track record of growth over the past three and a half decades is very impressive. If you'd invested $1,000 in the company from its IPO in 1986, those shares would now be worth more than $4 million today.Although much of the gains occurred before the new millennium, the pace of growth has re-accelerated in recent years, particularly since Satya Nadella came to the helm. In just under eight years since he was made CEO on February 4, 2014, the company's share price has gained more than 700%.The share price performance reflected an acceleration in revenue and earnings growth for Microsoft. By 2020/1, its annualized 5-year revenue growth had risen to 13%, while EPS climbed by a compound annual growth rate of 25% over the same period.Analysts expect full-year revenues in 2021/2 to increase by 17% to $196.50 billion, with earnings per share up 15% to $9.22. Looking further ahead, revenues are expected to grow by about 14% over each of the next two years. EPS is expected to climb by 14% to $10.54 in 2022/3, with a further increase of 18% to $12.42 per share penciled in for 2023/4.Actual growth could prove to be even higher, considering that the company has regularly exceeded analysts' estimates on both revenues and earnings. According to data from Seeking Alpha, the average earnings surprise for the past 12 quarters is 11.9%. Meanwhile, quarterly revenues exceeded analysts' estimates by 3.3% over the same period.Furthermore, despite the volatility in its share price, the consensus analysts' revenue and earnings revision trends are perspicuously positive. As such, the near- to medium-term outlook for growth appears to be intact.Cloud MomentumThe momentum in its cloud and enterprise-facing businesses will likely see Microsoft achieve robust growth in the years ahead, in spite of recent concerns that the post-pandemic environment could bring slower growth in 2022. Although there are some fears that businesses that have already 'brought forward' their technology spending plans in the last two years may begin to moderate their spend, this would likely only have a temporary impact.Long term fundamentals are backed up by the secular trends for digitization and increased cloud adoption. These trends are visible across almost every industry, in both the private and public sectors. And as they are driven by the desire to deliver productivity growth, a let-up in demand, if any, could prove to be short lasting.What's more, Microsoft is well placed to capture more of this growing market, due to its strong market position, Azure's differentiated Cloud architecture and legacy strengths in the OEM and productivity software markets, which give it network and spillover benefits.The company also continues to benefit from increased adoption of its cloud-based Office 365 offering. Office Commercial products and cloud services revenue grew by 13% in the past year, while the same for the consumer users saw an increase of 10%.The shift towards cloud-based services, or Software as a Service (SaaS), is viewed by analysts as an up-sell of the company's legacy perpetual-license software. This is because the shift to a subscription-based software licensing and delivery model increases the lifetime value of each customer. And following the success of this strategy, Microsoft is looking to do something similar with its Windows operating system, following the launch of Windows 365in July last year.Diversified Revenue SourcesFor all the talk of Microsoft's cloud business, it's easy to forget about the company's other revenue sources and just how diversified the group's revenue sources actually are.Diversification prevents the group from concentrating too much risk on a single segment of the market or a single product, enabling it to better cope with exogenous supply and demand shocks, such as the pandemic, supply disruptions or changes in market trends.Annual revenue by productAnd as we can see, the group delivered broad-based growth in the year to June 30, 2021, as each reported segment reported an increase in revenues.Wide MoatMicrosoft has a wide economic moat, which is underpinned by its entrenched market position in a range of services. In an industry where network effects are enormous and where switching imposes big costs on consumers and businesses, the company benefits from long term competitive advantages that protect its market share.There are spillover benefits from the company's leadership in the markets for computer operating systems with Windows, productivity software via Microsoft Office suite and elsewhere. These services have natural synergies with each other and enable the company to create a seamless experience, which can drive a more engaged and loyal customer base.On the cost side, its growing size brings with it economies of scale, as the bigger the business becomes, the more it can spread developmental and operational expenditures over a larger service base. Reflecting this, operating margins have been trending strongly upwards in the last 5 years - EBIT margins rose from 32.5% to 44.1% currently.Growing Free Cash FlowMicrosoft's reliable free cash flows fund growing dividend payments and stock buybacks. The quarterly dividend has increased 44% over the last five years to a current quarterly payment of $0.56 per share.The company generated more than $60 billion in free cash flow over the past 12 months, and management has returned substantially most of it to shareholders via dividends and buybacks. Last year, Microsoft spent a total of $43 billion in shareholder distributions. This included nearly $17 billion in dividends, with the current payout ratio having fallen to just below 25% - a 10-year low.What's more, Microsoft's balance sheet is in good order. Cash and short term investments ended 2021 at more than $130 billion. This dwarfed financial debts of just over $53 billion, and should leave it with more than enough financial firepower to invest in new products and fund mid-sized M&A opportunities without the need to reduce shareholder payouts in the medium term.RisksDespite its strengths, there are risks involved too.Chip ShortagesThe supply shortage of integrated circuits will likely drag into 2022, and possibly into 2023 too. This could delay the availability of its Surface and Xbox devices, as well as impact OEM sales at a time when it is rolling out Windows 11, its latest version of the Windows operating system.That said, analysts expect the supply imbalance to ease by the middle of the year amid loosening production constraints, although prices could remain elevate for longer due to stickiness.Pandemic-Driven DemandThe receding threat of the pandemic is causing consumers to spend less time at home and pushing employees back to the office. Recent pandemic-driven demand could ease in 2022, meaning the growth in the personal computer and gaming markets over the past two years could prove to be only temporary.Competition and Market TrendsWhile long term trends are positive, there may be turbulence ahead. The cloud services market is fragmented, and parts of the business are vulnerable to competition and market trends.Although Microsoft has a leading market share in many markets, competition in the industry is fierce. In the enterprise market, it has many competitors, including Amazon Web Services (AWS), Google Cloud, Oracle Cloud, IBM and Salesforce.Competition extends to the poaching of talent. Microsoft has reportedly lost around 100 employees working on augmented reality projects over the past year, with a significant portion heading to Meta Platforms (formerly Facebook), as the two increasingly compete for the metaverse.Elsewhere, declining PC trends could hurt the company in the long run, limiting future Windows OEM sales and potentially weakening its entrenched market position. Despite serious efforts, Microsoft has failed to gain a foothold in the mobile operating system market. Although it has had some success in offering its cloud-based solutions on rival Android and iOS platforms, this strategy has vulnerabilities.High Valuation MultiplesMicrosoft's high valuation multiples leave little room for disappointment. Its price-to-earnings ratio of 34.5 is some way above its 10-year median of 26.0.Although the high PE multiple reflects the improved perception of the company's growth outlook in recent years, particularly the bullish optimism for its cloud growth, valuations have also benefited from the flow of money into the technology sector. Therefore, a rotation out of highly valued tech stocks could hurt Microsoft.But Microsoft's valuation premium over other tech names, such as Alphabet(NASDAQ:GOOG)and Meta Platforms(NASDAQ:FB), reflects its perceived lower regulatory risk. By contrast, increased regulatory scrutiny over important data and privacy issues, as well as long-expected antitrust cases against Google in both the US and Europe, have brought the specter of big fines, increased compliance costs and competition risks for its rivals.Bottom LineMicrosoft does not come cheap, but valuations do reflect the company's strong fundamentals and its compelling growth opportunities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033156171,"gmtCreate":1646226794591,"gmtModify":1676534105717,"author":{"id":"3580366027588214","authorId":"3580366027588214","name":"NGA","avatar":"https://static.tigerbbs.com/d26e5e10bdbf4b248cf87352b46e61ca","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033156171","repostId":"2216251491","repostType":4,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
