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SilentWarrio

SilentWarrio

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02-04

Congratulations to all winners!

2023-04-11

Cool

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2023-03-18

Interesting

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2022-03-02

Nice...

TSMC Shares Bucked the Trend and Rose 3% in Early Trading

2023-03-18

Interesting

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2022-06-28

$Citigroup(C)$Is this a good time to buy?

2022-03-04

Hang in there! Brighter days ahead...

Sea Ltd.: It's Not Growth At All Costs - Buy On Market Overreaction

2022-01-04

Great news...

Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power

2021-08-12

Hurray!

Baidu revenue tops estimates on ad sales rebound

2022-06-08

$SIGA Technologies Inc.(SIGA)$Time to buy???

2022-03-29

Buy and hold...

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2022-03-02

Not good.... maybe it's time to buy and hold

Sea Shares Fell More Than 8% in Early Trading

2022-01-13

Thank you for the information!

7 Best Metaverse Stocks For 2022 - Our Top Pick, Microsoft, Is Much More

2021-08-10

3h c1ny25$g6$fxcv68y7.30$ _6HH"2÷-22:³.61x$Xmasc Z4vv vv2t77v8gxZ6bjyy

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2021-08-06

Wow!

Nasdaq, S&P 500, set records as jobless claims decline

2022-11-20

Interesting...

Alphabet Vs. Meta Platforms: Which Stock Is The Better Investment?

2022-03-14

Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!

Sea: The 75% Crash, The Earnings And A Forecast

2022-12-17

Interesting

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That is so awesome!","listText":"Amazing! That is so awesome!","text":"Amazing! That is so awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/270255993168160","isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":270256512082128,"gmtCreate":1706989557209,"gmtModify":1706989563150,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Wow very interesting&nbsp;","listText":"Wow very interesting&nbsp;","text":"Wow very interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/270256512082128","isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942695901,"gmtCreate":1681202249904,"gmtModify":1681202253662,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942695901","repostId":"1136846630","repostType":2,"repost":{"id":"1136846630","pubTimestamp":1681189823,"share":"https://ttm.financial/m/news/1136846630?lang=&edition=fundamental","pubTime":"2023-04-11 13:10","market":"sg","language":"en","title":"My Thoughts On NIO After Visiting A Tier-2 And Tier-5 City In China","url":"https://stock-news.laohu8.com/highlight/detail?id=1136846630","media":"Seekingalpha","summary":"SummaryA recent trip to China after the country reopened for tourism gives a glimpse into how rapid ","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>A recent trip to China after the country reopened for tourism gives a glimpse into how rapid NIO&#39;s presence has grown in the five years since SOP.</p></li><li><p>Conversations with prospective buyers in the two diverse economic regions also highlight key barriers to EV adoption in China which NIO is well-positioned to address.</p></li><li><p>The stock has likely sufficiently de-risked at current levels for both company-specific and macro-driven challenges in the near-term, with execution of longer-term growth initiatives key to waking a sustained rebound.</p></li></ul><p>We recently had the opportunity to visit a tier 2 and tier 5 city in China after the country reopened for tourism. The observations allowed us to juxtapose EV market opportunities across two segments of China’s diverse economy. To better put into perspective the economic differences of the two tiers, one boasts a significantly larger population with asset valuations almost 5x higher than the other. A brand-new condo development in a tier 5 city costs about RMB 4,300 ($625) per square meter, or about RMB 400 per square footage. Meanwhile, a brand-new condo development in a tier 2 city costs about RMB 25,500 per square meter, or about RMB 2,360 per square footage. This means in a tier 5 county, a decent sized condo can be purchased for about $100,000 with change, while the same amount would barely make a downpayment in a tier 2 city.</p><p style=\"text-align: left;\">With EVs largely still viewed as a luxury given its price imparity with ICEs, they remain largely absent in the lower-tier economic zones. When asked about EVs, the population in the tier 5 city we had visited would largely link the term with electric bikes and scooters instead of passenger cars. Admittedly, rapid economic development across China over the past decade has benefited the lower-tier economic zones, nonetheless, as evidenced by the dominance of passenger vehicles over electric bikes and scooters this time around compared to when we had last visited almost a decade ago. Critical infrastructure access – like toll highways – connecting the lower- and higher-tier economic zones have also been a key driver of wealth creation, and inadvertently, a transition in the dominant form of transportation from bikes to cars. Yet, battery electric and plug-in passenger cars remain a next level luxury, with mass market ICEs like those offered by Nissan (OTCPK:NSANY, OTCPK:NSANF), Toyota (TM) and legacy BYD (OTCPK:BYDDF, OTCPK:BYDDY) being the dominant choice still among the population residing in lower-tier economic zones.</p><p style=\"text-align: left;\">Meanwhile, in the higher-tier economic zones like the tier 2 city we had visited, EVs represent a meaningful mix of the passenger car fleet on the road – about a quarter to a third of cars observed in parking lots are likely plug-ins, consistent with the average EV penetration rate reported by recent data from the China Passenger Car Association. But to our surprise, Tesla (TSLA) viewings were not any more frequent than its local born peers, with BYD’s newest electric offerings being the clear market leader. In fact, Tesla’s reputation among the population residing in the tier 2 city we had visited remains largely mixed, with many citing safety concerns and fickle pricing as main reasons for abstaining from the brand.</p><p style=\"text-align: left;\">In NIO’s (NYSE:NIO) case, the premium EV maker clearly commands a fair share of its target market, with prominent sightings of the brand’s SUVs across all parking lots – malls, restaurants, homes, etc. – and on the road, indicating a reasonable demand environment in higher-tier economic zones consistent with management commentary from recent earnings calls. The diverse observations we had gathered from recent visits to the tier 2 and tier 5 cities have reinforced a few thoughts – namely, the importance of NIO’s upcoming launch of the mass market sub-brands to improve penetration in lower-tier economic zones, the key of ramping up its sedan offerings to compete for share against rival premium offerings in the ongoing ICE to electric transition, and the business’ capital-intensive nature that will continue to weigh on profitability within the foreseeable future.</p><h2 style=\"text-align: left;\">NIO in Tier 2</h2><p style=\"text-align: left;\">NIO has largely focused penetration into the more affluent tier 1 and tier 2 cities across China in recent years, with its premium SUV offerings holding a double-digit penetration rate in those regions across both the ICE and electric segments:</p><blockquote>NIO&#39;s penetration in the Tier 1 and the Tier 2 cities in China has been growing at a much faster pace. In Shanghai, the first half of this year has witnessed our penetration in the premium SUV segment, reaching 13.7% among all ICE and the electric vehicles…This is already quite high and we have already achieved this in the Tier 1 city. So we believe this is a very good indicator for our next step to penetrating into more markets in different cities.<em>Source: NIO 2Q21 Earnings Call Transcript</em></blockquote><p style=\"text-align: left;\">Consistent with observations in our latest visit to a tier 2 city in China, the bulk of NIO sightings remain SUV-heavy. Specifically, sightings of the recently introduced ET7 and ET5 sedans built on the higher-margin NT 2.0 platform were rare, and primarily concentrated in areas near the NIO studio. The first implication that comes to mind is that the ramp up of new demand for more recent sedan models potentially remains moderate, consistent with the relatively subdued EV market this year considering the lingering impacts of macroeconomic uncertainties and competition from lower-priced premium equivalents offered by market leader BYD. To our surprise though, sightings of NIO vehicles were no less than Tesla in the tier 2 city we had visited, potentially suggesting high concentration of Tesla vehicles in certain Chinese cities and an overall deceleration in market share gains by the EV pioneer in China.</p><p style=\"text-align: left;\">The observations corroborate our understanding of NIO’s resilience, nonetheless, among stiff competition within the increasingly crowded EV landscape in China, alongside other macro-driven and industry-wide challenges like the modest post-pandemic recovery and lingering supply chain constraints. Despite a modest rebound in recent consumer spending, both industrial output and investments – critical to buoying GDP growth – remain subdued based on recent economic data, with gradually slumping automotive sales.</p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85e65bb67d8dbe9b3d0a8e022d6deca9\" alt=\"NIO Battery Swap\" title=\"NIO Battery Swap\" tg-width=\"640\" tg-height=\"480\"/><span>NIO Battery Swap</span></p><p></p><p style=\"text-align: left;\">In addition to vehicle observations, we had also come across multiple NIO Swap stations and witnessed swift battery swaps in action, with efficient turnover to alleviate concerns of long wait times for the multi-car line-up. However, the NIO House studio we had come across was not as busy as expected. Marketed as an experience center aimed at bringing together a broader NIO ecosystem with sales of merchandise, food and drinks alongside, of course, its vehicles, the store was not any more busy than other in-mall showrooms installed by its EV peers. This indicates the costly lifestyle narrative, which big tech companies like Apple (AAPL) have successfully benefited from and NIO has been trying to replicate still needs some work.</p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a6e79791d38655cd6e047af3f9b87a99\" alt=\"NIO House in Tier 2 City\" title=\"NIO House in Tier 2 City\" tg-width=\"640\" tg-height=\"853\"/><span>NIO House in Tier 2 City</span></p><p></p><p style=\"text-align: left;\">However, our inquiries to several acquaintances that have test driven NIO vehicles were largely positive on the experience, including appreciation for the ride’s comfort and other in-vehicle technology features. Many have also pointed out the low cost of ownership as a plus, with less frequent trips to the service center for costly maintenance. There were only minor NIO-specific complaints, like how the placement of its NOMI in-vehicle smart assistant is awkwardly placed on the dashboard and somewhat in the way of the driver’s view of road conditions, unlike seamless integration of other in-vehicle smart assistants like BYD’s “Xiao Di” into the infotainment screen. But the main setback for pulling the trigger on EV purchases remain on restricted range capability relative to ICE vehicles, and the lack of public charging infrastructure availability.</p><p style=\"text-align: left;\">With ICE vehicles still dominating the roads, and a set of tools and offerings in the pipeline to address some of the key roadblocks to adoption among prospective buyers, NIO remains well positioned for further market share gains among the more affluent economic zones. Specifically, NIO continues to demonstrate commitment towards the build-out of conveniently accessible charging solutions, including the recent “deployment of the third-generation Power Swap station” capable of serving more than 400 swaps per day, as well as accelerated expansion of its network with plans to “install 1,000 Power Swap stations in 2023”. We view the continued build-out of Swap stations across the country as a key driver for reinforcing demand by addressing key roadblocks to EV purchases facing prospective buyers, which would inadvertently complement NIO’s continued production capacity production efforts (e.g. NeoPark) over the longer-term and benefit margin expansion via economies of scale.</p><h2 style=\"text-align: left;\">Importance of Mass Market Sub-Brands</h2><p style=\"text-align: left;\">Moving on to observations in the tier 5 county we had visited, EVs in general remain the minority on roads, which is not surprising given the high price of EVs. Although there are many more cars than electric bikes and scooters on the roads compared to a decade ago when the county was less connected to highways bridging critical city centers across China, the preference for EVs is low.</p><p style=\"text-align: left;\">Despite the attractive less-than-$5,000 price tag on the Wuling Hongguang Mini, many residents of the tier 5 county shook their heads when asked if they would consider buying an EV as their next car, citing the lack of supporting charging infrastructure in the county. Admittedly, electricity is significantly less costly than gasoline in the region and the low total cost of EV ownership is generally attractive for those who reside in the lower-tier economic zones. And the Hongguang Mini makes an affordable option, with its range capability sufficient to address the travel needs of those residing in lower-tier economic zones, given their low exposure to long cross-country road trips. But with public charging solutions being harder to come by in most lower-tier economic zones, it makes even the highly affordable Hongguang Mini a hard pass, with many preferring mass market priced ICE vehicles instead.</p><p style=\"text-align: left;\">Yet, these stories imply a significant opportunity for NIO as it prepares for the launch of its two lower-priced sub-brands aimed at gaining EV market share in the less penetrated tier 3 and below economic zones. With a growing volume of new condo developments in lower-tier economic zones to accommodate families that are moving out of the rural slums into the urban economic hubs, NIO faces an immense opportunity for expanding its network of public charging infrastructure to those areas. This is also consistent with management’s strategic build-out of its market share in lower-tier economic zones by focusing on the deployment of public charging infrastructure instead of vehicle showrooms or experience centers:</p><blockquote>When it comes to the expansion into the sub-tier cities, we&#39;re not talking about the deployment of the NIO houses or NIO spaces. We believe that the more efficient way is to deploy the power swap stations in the sub-tier cities.<em>Source: NIO 4Q22 Earnings Call Transcript</em></blockquote><p style=\"text-align: left;\">And with the upcoming launch of two lower-priced sub-brands to better compete against its mass market priced ICE rivals, NIO is positioned to benefit from share gains among one of the most eager spending segments across China in coming years. Specifically, consumption across lower-tier cities are expected to triple in the decade leading up to 2030 from $2.3 trillion to $7 trillion, thanks to “lower living costs” in said regions, which is key to driving population growth, and inadvertently, demand. Improved “infrastructure connectivity” between the lower- and higher-tier cities as observed in our recent trip to the tier 2 county is also a key driver for EV TAM expansion in favour of NIO’s mass market ambitions.</p><p style=\"text-align: left;\">Tier 3 and below cities currently account for more than a third of China’s population, and even converting a small number of the segment to electric would mean significant EV TAM expansion on the horizon still in the country. With the post-pandemic recovery in China currently underway, NIO’s planned start of production for its sub-brand vehicles next year will likely coincide with fresh demand from lower-tier economic zones. And again, incremental demand volume will be key to enhancing economies of scale in the company’s newly expanded production capacity at NeoPark, thus alleviating margin pressure associated with NIO’s capital-intensive growth investments over the near- to medium-term.</p><h2 style=\"text-align: left;\">The Bottom Line</h2><p style=\"text-align: left;\">NIO’s ongoing growth initiatives likely remain years out from ramp-up to scale, making it clear its profitability in the near-term will continue to be less attractive relative to global peers like Tesla and BYD. The continued challenge of moving forward with capital-intensive investments to ensure adequate capitalization of longer-term market opportunities also sheds persistent uncertainties on NIO’s timeline for achieving GAAP-based profitability. But considering NIO’s observed progress in establishing the brand’s awareness and presence across China so far, alongside opportunities ahead as it scales volumes in its core tier 1 and tier 2 target markets, and readies for penetration in the budding tier 3 and below markets, the company’s longer-term prospects in the ongoing electrification of transportation remains optimistic.</p><p style=\"text-align: left;\">Even with incremental consideration for lingering macroeconomic headwinds and persistent geopolitical and regulatory challenges facing Chinese equities, the stock likely remains undervalued at current levels as investors remain risk-off on capital-intensive and unprofitable investments amid the persistently uncertain macroeconomic backdrop. Based on our latest forecast for NIO, taking into consideration its first quarter deliveries and recent developments in the Chinese EV space, even a conservative perpetual growth rate of 1.5% at NIO, which is below the currently projected GDP expansion across its core markets and projected EV TAM expansion in China and globally to reflect its still modest market share, would be sufficient to drive upside potential towards at least $17 apiece – almost doubling returns from current levels.</p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7997a5adc1698b79d1cfa2e02b03da1\" alt=\"NIO Financial Forecast\" title=\"NIO Financial Forecast\" tg-width=\"640\" tg-height=\"165\"/><span>NIO Financial Forecast</span></p><p></p><p style=\"text-align: left;\"><strong>NIO Financial Forecast (Author)</strong></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d19718bc8bd087bfcaf841efb43f7b48\" alt=\"NIO Valuation Analysis\" title=\"NIO Valuation Analysis\" tg-width=\"640\" tg-height=\"398\"/><span>NIO Valuation Analysis</span></p><p></p><p style=\"text-align: left;\"><strong>NIO Valuation Analysis (Author)</strong></p><p></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3e7b9fda2e6322d2eb5bebb287fac0c\" alt=\"NIO Valuation Analysis\" title=\"NIO Valuation Analysis\" tg-width=\"640\" tg-height=\"90\"/><span>NIO Valuation Analysis</span></p><p></p><p style=\"text-align: left;\"><strong>NIO Sensitivity Analysis (Author)</strong></p><p style=\"text-align: left;\">Admittedly, NIO’s capital-intensive business and unprofitable state does not bode favourably with China’s shaky post-pandemic recovery, potentially subjecting the stock to further volatility in the near-term. Ongoing regulatory and geological risks facing the broader cohort of Chinese investments will also remain a drag on NIO’s optimal valuation prospects relative to its global peers in the west. However, NIO’s continued progress in penetrating new market share and capitalizing on demand opportunities across China’s segmented economy remains supportive of a recovery in the stock from current levels. Looking ahead, we remain focused on consistent developments pertaining to NIO’s mass market sub-brand offerings, public charging infrastructure build-out, and production ramp-up to scale as key drivers to restoring investors’ confidence in the stock.</p><p style=\"text-align: left;\">Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>My Thoughts On NIO After Visiting A Tier-2 And Tier-5 City In China</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\">\nMy Thoughts On NIO After Visiting A Tier-2 And Tier-5 City In China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-11 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4593236-my-thoughts-on-nio-after-visiting-a-tier-2-and-tier-5-city-in-china><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryA recent trip to China after the country reopened for tourism gives a glimpse into how rapid NIO's presence has grown in the five years since SOP.Conversations with prospective buyers in the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4593236-my-thoughts-on-nio-after-visiting-a-tier-2-and-tier-5-city-in-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","NIO":"蔚来","09866":"蔚来-SW"},"source_url":"https://seekingalpha.com/article/4593236-my-thoughts-on-nio-after-visiting-a-tier-2-and-tier-5-city-in-china","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1136846630","content_text":"SummaryA recent trip to China after the country reopened for tourism gives a glimpse into how rapid NIO's presence has grown in the five years since SOP.Conversations with prospective buyers in the two diverse economic regions also highlight key barriers to EV adoption in China which NIO is well-positioned to address.The stock has likely sufficiently de-risked at current levels for both company-specific and macro-driven challenges in the near-term, with execution of longer-term growth initiatives key to waking a sustained rebound.We recently had the opportunity to visit a tier 2 and tier 5 city in China after the country reopened for tourism. The observations allowed us to juxtapose EV market opportunities across two segments of China’s diverse economy. To better put into perspective the economic differences of the two tiers, one boasts a significantly larger population with asset valuations almost 5x higher than the other. A brand-new condo development in a tier 5 city costs about RMB 4,300 ($625) per square meter, or about RMB 400 per square footage. Meanwhile, a brand-new condo development in a tier 2 city costs about RMB 25,500 per square meter, or about RMB 2,360 per square footage. This means in a tier 5 county, a decent sized condo can be purchased for about $100,000 with change, while the same amount would barely make a downpayment in a tier 2 city.With EVs largely still viewed as a luxury given its price imparity with ICEs, they remain largely absent in the lower-tier economic zones. When asked about EVs, the population in the tier 5 city we had visited would largely link the term with electric bikes and scooters instead of passenger cars. Admittedly, rapid economic development across China over the past decade has benefited the lower-tier economic zones, nonetheless, as evidenced by the dominance of passenger vehicles over electric bikes and scooters this time around compared to when we had last visited almost a decade ago. Critical infrastructure access – like toll highways – connecting the lower- and higher-tier economic zones have also been a key driver of wealth creation, and inadvertently, a transition in the dominant form of transportation from bikes to cars. Yet, battery electric and plug-in passenger cars remain a next level luxury, with mass market ICEs like those offered by Nissan (OTCPK:NSANY, OTCPK:NSANF), Toyota (TM) and legacy BYD (OTCPK:BYDDF, OTCPK:BYDDY) being the dominant choice still among the population residing in lower-tier economic zones.Meanwhile, in the higher-tier economic zones like the tier 2 city we had visited, EVs represent a meaningful mix of the passenger car fleet on the road – about a quarter to a third of cars observed in parking lots are likely plug-ins, consistent with the average EV penetration rate reported by recent data from the China Passenger Car Association. But to our surprise, Tesla (TSLA) viewings were not any more frequent than its local born peers, with BYD’s newest electric offerings being the clear market leader. In fact, Tesla’s reputation among the population residing in the tier 2 city we had visited remains largely mixed, with many citing safety concerns and fickle pricing as main reasons for abstaining from the brand.In NIO’s (NYSE:NIO) case, the premium EV maker clearly commands a fair share of its target market, with prominent sightings of the brand’s SUVs across all parking lots – malls, restaurants, homes, etc. – and on the road, indicating a reasonable demand environment in higher-tier economic zones consistent with management commentary from recent earnings calls. The diverse observations we had gathered from recent visits to the tier 2 and tier 5 cities have reinforced a few thoughts – namely, the importance of NIO’s upcoming launch of the mass market sub-brands to improve penetration in lower-tier economic zones, the key of ramping up its sedan offerings to compete for share against rival premium offerings in the ongoing ICE to electric transition, and the business’ capital-intensive nature that will continue to weigh on profitability within the foreseeable future.NIO in Tier 2NIO has largely focused penetration into the more affluent tier 1 and tier 2 cities across China in recent years, with its premium SUV offerings holding a double-digit penetration rate in those regions across both the ICE and electric segments:NIO's penetration in the Tier 1 and the Tier 2 cities in China has been growing at a much faster pace. In Shanghai, the first half of this year has witnessed our penetration in the premium SUV segment, reaching 13.7% among all ICE and the electric vehicles…This is already quite high and we have already achieved this in the Tier 1 city. So we believe this is a very good indicator for our next step to penetrating into more markets in different cities.Source: NIO 2Q21 Earnings Call TranscriptConsistent with observations in our latest visit to a tier 2 city in China, the bulk of NIO sightings remain SUV-heavy. Specifically, sightings of the recently introduced ET7 and ET5 sedans built on the higher-margin NT 2.0 platform were rare, and primarily concentrated in areas near the NIO studio. The first implication that comes to mind is that the ramp up of new demand for more recent sedan models potentially remains moderate, consistent with the relatively subdued EV market this year considering the lingering impacts of macroeconomic uncertainties and competition from lower-priced premium equivalents offered by market leader BYD. To our surprise though, sightings of NIO vehicles were no less than Tesla in the tier 2 city we had visited, potentially suggesting high concentration of Tesla vehicles in certain Chinese cities and an overall deceleration in market share gains by the EV pioneer in China.The observations corroborate our understanding of NIO’s resilience, nonetheless, among stiff competition within the increasingly crowded EV landscape in China, alongside other macro-driven and industry-wide challenges like the modest post-pandemic recovery and lingering supply chain constraints. Despite a modest rebound in recent consumer spending, both industrial output and investments – critical to buoying GDP growth – remain subdued based on recent economic data, with gradually slumping automotive sales.NIO Battery SwapIn addition to vehicle observations, we had also come across multiple NIO Swap stations and witnessed swift battery swaps in action, with efficient turnover to alleviate concerns of long wait times for the multi-car line-up. However, the NIO House studio we had come across was not as busy as expected. Marketed as an experience center aimed at bringing together a broader NIO ecosystem with sales of merchandise, food and drinks alongside, of course, its vehicles, the store was not any more busy than other in-mall showrooms installed by its EV peers. This indicates the costly lifestyle narrative, which big tech companies like Apple (AAPL) have successfully benefited from and NIO has been trying to replicate still needs some work.NIO House in Tier 2 CityHowever, our inquiries to several acquaintances that have test driven NIO vehicles were largely positive on the experience, including appreciation for the ride’s comfort and other in-vehicle technology features. Many have also pointed out the low cost of ownership as a plus, with less frequent trips to the service center for costly maintenance. There were only minor NIO-specific complaints, like how the placement of its NOMI in-vehicle smart assistant is awkwardly placed on the dashboard and somewhat in the way of the driver’s view of road conditions, unlike seamless integration of other in-vehicle smart assistants like BYD’s “Xiao Di” into the infotainment screen. But the main setback for pulling the trigger on EV purchases remain on restricted range capability relative to ICE vehicles, and the lack of public charging infrastructure availability.With ICE vehicles still dominating the roads, and a set of tools and offerings in the pipeline to address some of the key roadblocks to adoption among prospective buyers, NIO remains well positioned for further market share gains among the more affluent economic zones. Specifically, NIO continues to demonstrate commitment towards the build-out of conveniently accessible charging solutions, including the recent “deployment of the third-generation Power Swap station” capable of serving more than 400 swaps per day, as well as accelerated expansion of its network with plans to “install 1,000 Power Swap stations in 2023”. We view the continued build-out of Swap stations across the country as a key driver for reinforcing demand by addressing key roadblocks to EV purchases facing prospective buyers, which would inadvertently complement NIO’s continued production capacity production efforts (e.g. NeoPark) over the longer-term and benefit margin expansion via economies of scale.Importance of Mass Market Sub-BrandsMoving on to observations in the tier 5 county we had visited, EVs in general remain the minority on roads, which is not surprising given the high price of EVs. Although there are many more cars than electric bikes and scooters on the roads compared to a decade ago when the county was less connected to highways bridging critical city centers across China, the preference for EVs is low.Despite the attractive less-than-$5,000 price tag on the Wuling Hongguang Mini, many residents of the tier 5 county shook their heads when asked if they would consider buying an EV as their next car, citing the lack of supporting charging infrastructure in the county. Admittedly, electricity is significantly less costly than gasoline in the region and the low total cost of EV ownership is generally attractive for those who reside in the lower-tier economic zones. And the Hongguang Mini makes an affordable option, with its range capability sufficient to address the travel needs of those residing in lower-tier economic zones, given their low exposure to long cross-country road trips. But with public charging solutions being harder to come by in most lower-tier economic zones, it makes even the highly affordable Hongguang Mini a hard pass, with many preferring mass market priced ICE vehicles instead.Yet, these stories imply a significant opportunity for NIO as it prepares for the launch of its two lower-priced sub-brands aimed at gaining EV market share in the less penetrated tier 3 and below economic zones. With a growing volume of new condo developments in lower-tier economic zones to accommodate families that are moving out of the rural slums into the urban economic hubs, NIO faces an immense opportunity for expanding its network of public charging infrastructure to those areas. This is also consistent with management’s strategic build-out of its market share in lower-tier economic zones by focusing on the deployment of public charging infrastructure instead of vehicle showrooms or experience centers:When it comes to the expansion into the sub-tier cities, we're not talking about the deployment of the NIO houses or NIO spaces. We believe that the more efficient way is to deploy the power swap stations in the sub-tier cities.Source: NIO 4Q22 Earnings Call TranscriptAnd with the upcoming launch of two lower-priced sub-brands to better compete against its mass market priced ICE rivals, NIO is positioned to benefit from share gains among one of the most eager spending segments across China in coming years. Specifically, consumption across lower-tier cities are expected to triple in the decade leading up to 2030 from $2.3 trillion to $7 trillion, thanks to “lower living costs” in said regions, which is key to driving population growth, and inadvertently, demand. Improved “infrastructure connectivity” between the lower- and higher-tier cities as observed in our recent trip to the tier 2 county is also a key driver for EV TAM expansion in favour of NIO’s mass market ambitions.Tier 3 and below cities currently account for more than a third of China’s population, and even converting a small number of the segment to electric would mean significant EV TAM expansion on the horizon still in the country. With the post-pandemic recovery in China currently underway, NIO’s planned start of production for its sub-brand vehicles next year will likely coincide with fresh demand from lower-tier economic zones. And again, incremental demand volume will be key to enhancing economies of scale in the company’s newly expanded production capacity at NeoPark, thus alleviating margin pressure associated with NIO’s capital-intensive growth investments over the near- to medium-term.The Bottom LineNIO’s ongoing growth initiatives likely remain years out from ramp-up to scale, making it clear its profitability in the near-term will continue to be less attractive relative to global peers like Tesla and BYD. The continued challenge of moving forward with capital-intensive investments to ensure adequate capitalization of longer-term market opportunities also sheds persistent uncertainties on NIO’s timeline for achieving GAAP-based profitability. But considering NIO’s observed progress in establishing the brand’s awareness and presence across China so far, alongside opportunities ahead as it scales volumes in its core tier 1 and tier 2 target markets, and readies for penetration in the budding tier 3 and below markets, the company’s longer-term prospects in the ongoing electrification of transportation remains optimistic.Even with incremental consideration for lingering macroeconomic headwinds and persistent geopolitical and regulatory challenges facing Chinese equities, the stock likely remains undervalued at current levels as investors remain risk-off on capital-intensive and unprofitable investments amid the persistently uncertain macroeconomic backdrop. Based on our latest forecast for NIO, taking into consideration its first quarter deliveries and recent developments in the Chinese EV space, even a conservative perpetual growth rate of 1.5% at NIO, which is below the currently projected GDP expansion across its core markets and projected EV TAM expansion in China and globally to reflect its still modest market share, would be sufficient to drive upside potential towards at least $17 apiece – almost doubling returns from current levels.NIO Financial ForecastNIO Financial Forecast (Author)NIO Valuation AnalysisNIO Valuation Analysis (Author)NIO Valuation AnalysisNIO Sensitivity Analysis (Author)Admittedly, NIO’s capital-intensive business and unprofitable state does not bode favourably with China’s shaky post-pandemic recovery, potentially subjecting the stock to further volatility in the near-term. Ongoing regulatory and geological risks facing the broader cohort of Chinese investments will also remain a drag on NIO’s optimal valuation prospects relative to its global peers in the west. However, NIO’s continued progress in penetrating new market share and capitalizing on demand opportunities across China’s segmented economy remains supportive of a recovery in the stock from current levels. Looking ahead, we remain focused on consistent developments pertaining to NIO’s mass market sub-brand offerings, public charging infrastructure build-out, and production ramp-up to scale as key drivers to restoring investors’ confidence in the stock.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942941738,"gmtCreate":1681120621525,"gmtModify":1681120625250,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942941738","repostId":"1159465746","repostType":4,"repost":{"id":"1159465746","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1681114239,"share":"https://ttm.financial/m/news/1159465746?lang=&edition=fundamental","pubTime":"2023-04-10 16:10","market":"us","language":"en","title":"Micron Shares Rallied 5% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1159465746","media":"Tiger Newspress","summary":"Micron shares rallied 5% in premarket trading Monday. Citi analyst Christopher Danely said it's unli","content":"<html><head></head><body><p>Micron shares rallied 5% in premarket trading Monday. Citi analyst Christopher Danely said it&#39;s unlikely to actually have any impact on the memory chip maker. Danely pointed out that while China represents 15% of the company&#39;s sales, the company&#39;s fundamentals are largely driven by the dynamic random access memory cycle.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13c67e8ae1308257d9067b04f02ccacf\" tg-width=\"828\" tg-height=\"622\"/></p><p></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>Micron Shares Rallied 5% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nMicron Shares Rallied 5% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-04-10 16:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Micron shares rallied 5% in premarket trading Monday. Citi analyst Christopher Danely said it&#39;s unlikely to actually have any impact on the memory chip maker. Danely pointed out that while China represents 15% of the company&#39;s sales, the company&#39;s fundamentals are largely driven by the dynamic random access memory cycle.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13c67e8ae1308257d9067b04f02ccacf\" tg-width=\"828\" tg-height=\"622\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159465746","content_text":"Micron shares rallied 5% in premarket trading Monday. Citi analyst Christopher Danely said it's unlikely to actually have any impact on the memory chip maker. Danely pointed out that while China represents 15% of the company's sales, the company's fundamentals are largely driven by the dynamic random access memory cycle.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943398994,"gmtCreate":1679101353418,"gmtModify":1679101357164,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943398994","repostId":"2320054584","repostType":2,"repost":{"id":"2320054584","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1679093920,"share":"https://ttm.financial/m/news/2320054584?lang=&edition=fundamental","pubTime":"2023-03-18 06:58","market":"us","language":"en","title":"Wall Street Ends Sharply Lower on Bank Contagion Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2320054584","media":"Reuters","summary":"* First Republic Bank tumbles on suspending dividend* SVB Financial seeks bankruptcy protection* Fed","content":"<html><head></head><body><p>* <a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a> tumbles on suspending dividend</p><p>* SVB Financial seeks bankruptcy protection</p><p>* FedEx jumps on full-year profit forecast raise</p><p>* Indexes down: Dow 1.19%, S&amp;P 1.10%, Nasdaq 0.74%</p><p>NEW YORK, March 17 (Reuters) - Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession.</p><p>All three indexes ended the session deep in negative territory, with financial stocks down the most among the major sectors of the S&amp;P 500.</p><p>For the week, while the benchmark S&amp;P 500 ended higher than last Friday&#39;s close, the Nasdaq and the Dow posted weekly declines.</p><p><a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> announced it would seek Chapter 11 bankruptcy protection, the latest development in an ongoing drama that began last week with the collapse of Silicon Valley Bank and <a href=\"https://laohu8.com/S/SBNYP\">Signature Bank</a>, which sparked fears of contagion throughout the global banking system.</p><p>&#34;(The sell-off) is a bit of an overreaction,&#34; said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. &#34;However, there is validity to some of the concerns regarding overall liquidity and a potential liquidity crunch.&#34;</p><p>Those concerns have spread to Europe, as Credit Suisse shares stumbled over liquidity worries, prompting policymakers to scramble to reassure markets.</p><p>&#34;This goes a lot further than just a run on SVB or First Republic, it goes to the real impact these interest rate hikes are having on capital and balance sheets,&#34; Pursche added. &#34;And you&#39;re seeing it impact large institutions like Credit Suisse, and that’s got people rattled.&#34;</p><p>Over the last two weeks, the S&amp;P Banking index and the KBW Regional Banking index plunged by 4.6% and 5.4%, respectively, their largest two-week drops since March 2020.</p><p>First Republic Bank plunged 32.8% after the bank announced it was suspending its dividend, reversing Thursday&#39;s surge which was sparked by an unprecedented $30 billion rescue package from large financial institutions</p><p>Among First Republic&#39;s peers, <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> fell 19.0% while Western Alliance slid 15.1%.</p><p>U.S.-traded shares of Credit Suisse also closed sharply lower, down 6.9%.</p><p>Investors now turn their gaze to the Federal Reserve&#39;s two-day monetary policy meeting next week.</p><p>In view of recent developments in the banking sector and data suggesting a softening economy, investors have adjusted their expectations regarding the size and duration of the Fed&#39;s restrictive interest rate hikes.</p><p>&#34;This mini banking crisis has increased the chance of recession and accelerated the slowdown timeline for the economy,&#34; Pursche said. &#34;It&#39;s natural that the Fed should re-examine its course of action, but it&#39;s still very clear that while inflation is slowing it&#39;s still very much a concern and needs to be brought under control.&#34;</p><p>At last glance, financial markets have priced in a 60.5% likelihood that the central bank will raise its key target rate by 25 basis points, and a 39.5% probability that it will let the current rate stand, according to CME&#39;s FedWatch tool.</p><p>The Dow Jones Industrial Average fell 384.57 points, or 1.19%, to 31,861.98, the S&amp;P 500 lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite dropped 86.76 points, or 0.74%, to 11,630.51.</p><p>All 11 major sectors of the S&amp;P 500 ended the session in negative territory.</p><p>On the upside, FedEx Corp jumped 8.0% after hiking its current fiscal year forecast.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.07-to-1 ratio; on Nasdaq, a 2.94-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 20 new lows; the Nasdaq Composite recorded 29 new highs and 320 new lows.</p><p>Volume on U.S. exchanges was 19.41 billion shares, compared with the 12.49 billion average over the last 20 trading days.</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>Wall Street Ends Sharply Lower on Bank Contagion Fears</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\">\nWall Street Ends Sharply Lower on Bank Contagion Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-03-18 06:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* <a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a> tumbles on suspending dividend</p><p>* SVB Financial seeks bankruptcy protection</p><p>* FedEx jumps on full-year profit forecast raise</p><p>* Indexes down: Dow 1.19%, S&amp;P 1.10%, Nasdaq 0.74%</p><p>NEW YORK, March 17 (Reuters) - Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession.</p><p>All three indexes ended the session deep in negative territory, with financial stocks down the most among the major sectors of the S&amp;P 500.</p><p>For the week, while the benchmark S&amp;P 500 ended higher than last Friday&#39;s close, the Nasdaq and the Dow posted weekly declines.</p><p><a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> announced it would seek Chapter 11 bankruptcy protection, the latest development in an ongoing drama that began last week with the collapse of Silicon Valley Bank and <a href=\"https://laohu8.com/S/SBNYP\">Signature Bank</a>, which sparked fears of contagion throughout the global banking system.</p><p>&#34;(The sell-off) is a bit of an overreaction,&#34; said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. &#34;However, there is validity to some of the concerns regarding overall liquidity and a potential liquidity crunch.&#34;</p><p>Those concerns have spread to Europe, as Credit Suisse shares stumbled over liquidity worries, prompting policymakers to scramble to reassure markets.</p><p>&#34;This goes a lot further than just a run on SVB or First Republic, it goes to the real impact these interest rate hikes are having on capital and balance sheets,&#34; Pursche added. &#34;And you&#39;re seeing it impact large institutions like Credit Suisse, and that’s got people rattled.&#34;</p><p>Over the last two weeks, the S&amp;P Banking index and the KBW Regional Banking index plunged by 4.6% and 5.4%, respectively, their largest two-week drops since March 2020.</p><p>First Republic Bank plunged 32.8% after the bank announced it was suspending its dividend, reversing Thursday&#39;s surge which was sparked by an unprecedented $30 billion rescue package from large financial institutions</p><p>Among First Republic&#39;s peers, <a href=\"https://laohu8.com/S/PACW\">PacWest Bancorp</a> fell 19.0% while Western Alliance slid 15.1%.</p><p>U.S.-traded shares of Credit Suisse also closed sharply lower, down 6.9%.</p><p>Investors now turn their gaze to the Federal Reserve&#39;s two-day monetary policy meeting next week.</p><p>In view of recent developments in the banking sector and data suggesting a softening economy, investors have adjusted their expectations regarding the size and duration of the Fed&#39;s restrictive interest rate hikes.</p><p>&#34;This mini banking crisis has increased the chance of recession and accelerated the slowdown timeline for the economy,&#34; Pursche said. &#34;It&#39;s natural that the Fed should re-examine its course of action, but it&#39;s still very clear that while inflation is slowing it&#39;s still very much a concern and needs to be brought under control.&#34;</p><p>At last glance, financial markets have priced in a 60.5% likelihood that the central bank will raise its key target rate by 25 basis points, and a 39.5% probability that it will let the current rate stand, according to CME&#39;s FedWatch tool.</p><p>The Dow Jones Industrial Average fell 384.57 points, or 1.19%, to 31,861.98, the S&amp;P 500 lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite dropped 86.76 points, or 0.74%, to 11,630.51.</p><p>All 11 major sectors of the S&amp;P 500 ended the session in negative territory.</p><p>On the upside, FedEx Corp jumped 8.0% after hiking its current fiscal year forecast.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.07-to-1 ratio; on Nasdaq, a 2.94-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 20 new lows; the Nasdaq Composite recorded 29 new highs and 320 new lows.</p><p>Volume on U.S. exchanges was 19.41 billion shares, compared with the 12.49 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","PACW":"西太平洋合众银行","BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","COMP":"Compass, Inc.","BK4504":"桥水持仓","BK4550":"红杉资本持仓","BK4588":"碎股",".DJI":"道琼斯","FDX":"联邦快递","WAL":"阿莱恩斯西部银行","BK4211":"区域性银行",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320054584","content_text":"* First Republic Bank tumbles on suspending dividend* SVB Financial seeks bankruptcy protection* FedEx jumps on full-year profit forecast raise* Indexes down: Dow 1.19%, S&P 1.10%, Nasdaq 0.74%NEW YORK, March 17 (Reuters) - Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession.All three indexes ended the session deep in negative territory, with financial stocks down the most among the major sectors of the S&P 500.For the week, while the benchmark S&P 500 ended higher than last Friday's close, the Nasdaq and the Dow posted weekly declines.SVB Financial Group announced it would seek Chapter 11 bankruptcy protection, the latest development in an ongoing drama that began last week with the collapse of Silicon Valley Bank and Signature Bank, which sparked fears of contagion throughout the global banking system.\"(The sell-off) is a bit of an overreaction,\" said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. \"However, there is validity to some of the concerns regarding overall liquidity and a potential liquidity crunch.\"Those concerns have spread to Europe, as Credit Suisse shares stumbled over liquidity worries, prompting policymakers to scramble to reassure markets.\"This goes a lot further than just a run on SVB or First Republic, it goes to the real impact these interest rate hikes are having on capital and balance sheets,\" Pursche added. \"And you're seeing it impact large institutions like Credit Suisse, and that’s got people rattled.\"Over the last two weeks, the S&P Banking index and the KBW Regional Banking index plunged by 4.6% and 5.4%, respectively, their largest two-week drops since March 2020.First Republic Bank plunged 32.8% after the bank announced it was suspending its dividend, reversing Thursday's surge which was sparked by an unprecedented $30 billion rescue package from large financial institutionsAmong First Republic's peers, PacWest Bancorp fell 19.0% while Western Alliance slid 15.1%.U.S.-traded shares of Credit Suisse also closed sharply lower, down 6.9%.Investors now turn their gaze to the Federal Reserve's two-day monetary policy meeting next week.In view of recent developments in the banking sector and data suggesting a softening economy, investors have adjusted their expectations regarding the size and duration of the Fed's restrictive interest rate hikes.\"This mini banking crisis has increased the chance of recession and accelerated the slowdown timeline for the economy,\" Pursche said. \"It's natural that the Fed should re-examine its course of action, but it's still very clear that while inflation is slowing it's still very much a concern and needs to be brought under control.\"At last glance, financial markets have priced in a 60.5% likelihood that the central bank will raise its key target rate by 25 basis points, and a 39.5% probability that it will let the current rate stand, according to CME's FedWatch tool.The Dow Jones Industrial Average fell 384.57 points, or 1.19%, to 31,861.98, the S&P 500 lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite dropped 86.76 points, or 0.74%, to 11,630.51.All 11 major sectors of the S&P 500 ended the session in negative territory.On the upside, FedEx Corp jumped 8.0% after hiking its current fiscal year forecast.Declining issues outnumbered advancing ones on the NYSE by a 4.07-to-1 ratio; on Nasdaq, a 2.94-to-1 ratio favored decliners.The S&P 500 posted 5 new 52-week highs and 20 new lows; the Nasdaq Composite recorded 29 new highs and 320 new lows.Volume on U.S. exchanges was 19.41 billion shares, compared with the 12.49 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943398009,"gmtCreate":1679101335102,"gmtModify":1679101338787,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943398009","repostId":"1128249733","repostType":2,"repost":{"id":"1128249733","pubTimestamp":1679097137,"share":"https://ttm.financial/m/news/1128249733?lang=&edition=fundamental","pubTime":"2023-03-18 07:52","market":"us","language":"en","title":"U.S. Weekly Review: Stock Market Diverges Amid Bank Woes, Growth Gains; First Republic, Credit Suisse, Meta In Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=1128249733","media":"Investor's Business Daily","summary":"The stock market showed volatile split action, amid efforts to avoid a wider bank crisis following t","content":"<html><head></head><body><p>The stock market showed volatile split action, amid efforts to avoid a wider bank crisis following the SVB Financial and Signature Bank shutdowns in the prior week. <b>Credit Suisse</b> (CS) borrowed up to $54 billion from the Swiss National Bank after the long-ailing giant tumbled to a record low. <b>JPMorgan Chase</b> (JPM), <b>Bank of America</b> (BAC) and other big banks said they would deposit a total of $30 billion into <b>First Republic</b> (FRC), which then suspended its dividend. But bank stocks were still down sharply, weighing on the Russell 2000. The Nasdaq rose sharply, led by tech titans such as <b>Microsoft</b> (MSFT), <b>Meta Platforms</b> (META) and <b>Nvidia</b> (NVDA).  Treasury yields plunged but came well off lows. Commodity prices tumbled.</p><h2>Stock Market Diverges</h2><p>A stock market rally attempt got underway, but there&#39;s been no follow-through day to confirm the attempt. There was a clear divergence between the Nasdaq and the other indexes, weighed down by banks and commodities. The Nasdaq surged above its 50-day and 200-day lines, even with a Friday pullback. led by tech titans and chipmakers. The S&amp;P 500 rose modestly, but fell back below its 200-day. The Dow Jones ended little changed for the week while the Russell 2000 tumbled. Treasury yields initially dived then roared back. Crude oil and copper prices dived.</p><h2>Bank Woes Spread, Lifelines Extended</h2><p>After SVB Financial and Signature Bank were shut down late in the prior week, there were more bank stresses. <b>Credit Suisse</b> (CS) tapped a $54 billion loan from the Swiss National Bank after the Swiss banking giant&#39;s stock hit a record low. <b>First Republic Bank</b> (FRC) bounced Thursday after getting a $30 billion deposit rescue from America&#39;s 11 largest banks, after securing $70 billion from <b>JPMorgan</b> (JPM) and the Federal Reserve on Sunday. But First Republic resumed its sell-off Friday as it suspended its dividend. Other banks also skidded again Friday. FDIC-controlled SVB Financial filed for Chapter 11 bankruptcy amid efforts to auction off Silicon Valley Bank.</p><h2>Core Inflation Hot, Other Data Mixed</h2><p>Core inflation ran hotter than expected in February, likely enough to push the Fed to hike its key interest rate a half-point on March 22, if it weren&#39;t for the sudden eruption of a banking crisis. The consumer price index rose 0.4% on the month, pulling the annual CPI inflation rate down to 6% from 6.4% the prior month. But the core CPI, excluding food and energy, rose 0.5% from January, while the core CPI inflation rate held at 5.5%. Even worse, price gains were even hotter for nonhousing services such as dining out and haircuts, which both saw 0.6% monthly gains. Fed chair Jerome Powell has said nonhousing services are a key to the policy outlook because of their close link to wage growth.</p><p>Weekly data through March 11 showed jobless claims unexpectedly falling 20,000 to 192,000 in a further sign of labor market tightness. Even the depressed housing sector got a lift in February as housing starts leapt 9.8% to 1.45 million and building permits for future construction surged 13.8% to a 1.524 million annual rate.</p><p>However, the producer price index unexpectedly fell 0.1% in February as wholesale inflation eased to 4.6% from 5.7% in January. Retail sales slipped 0.4% in February after January&#39;s upwardly revised 3.2% gain.</p><h2>Meta Soars On New Layoffs, TikTok Ban Buzz</h2><p><b>Meta Platforms</b> (META) will cut 10,000 jobs in the coming months, after shedding 11,000 positions in November. The Facebook and Instagram parent also will leave several thousand positions unfilled. Meanwhile, the Biden administration threatened to ban TikTok unless its Chinese owners divest the video-sharing app, a potential boost for Meta, Snap and other social networks. META stock soared, breaking out of a base.</p><h2>Tesla China Sales Keep Rising</h2><p><b>Tesla</b> (TSLA) China EV registrations rose for a third straight week to 17,032. <b>BYD</b> (BYDDF) China registrations were more than double Tesla&#39;s, but fell for a second straight week. Other data signaled a pick up in European sales after additional price cuts there. TSLA stock rose modestly.</p><h2>United Airlines Dives On Warnings</h2><p><b>United Airlines</b> (UAL) unexpectedly warned on profits for the current quarter, raising demand concerns. Several carriers, including United, also raised jet-fuel cost estimates. <b>Delta Air Lines</b> (DAL) maintained its first-quarter outlook, saying travel demand is strong and getting stronger. <b>JetBlue Airways</b> (JBLU) hiked its revenue forecast. UAL stock plunged, with other airline stocks tumbling as well.</p><h2>Biotech Buyouts</h2><p>A pair of biotech buyouts drove shares higher.<b>Pfizer</b>(PFE) will pay $43 billion to buy<b>Seagen</b>(SGEN), a maker of antibody drug conjugates, or ADCs. These drugs carry payloads of toxic chemicals directed at specific targets on the outside of tumors, limiting their damage to healthy, surrounding tissue. Meanwhile, <b>Sanofi</b> (SNY) scooped up <b>Provention Bio</b> (PRVB) for $2.9 billion. Provention sells a drug to delay the onset of type 1 diabetes in people age 8 and older. It&#39;s allowed for people who have abnormal blood sugar but no symptoms of diabetes.</p><h2>News In Brief</h2><p><b>Sarepta Therapeutics</b> (SRPT) plunged Friday after the FDA reversed course and announced that it will hold an advisory panel for the biotech&#39;s gene therapy for Duchenne muscular dystrophy prior to an FDA approval decision. SRPT stock gapped up March 1 after the FDA decided against an advisory panel, suggesting a faster approval.</p><p><b>Boeing</b> (BA) announced an order for up to 121 787 Dreamliner jets from two Saudi airlines, including the national carrier Saudia and the brand-new Riyadh Air. The deal is worth an estimated $35 billion-$37 billion at list prices.</p><p><b>Amylyx Pharmaceuticals</b> (AMLX) topped Wall Street&#39;s fourth-quarter estimates, delivering $21.9 million in sales of amyotrophic lateral sclerosis drug Relyvrio. Analysts called for only $4.7 million, according to FactSet. Amylyx stock jumped.</p><p><b>Jabil</b> (JBL) reported slightly better-than-expected fiscal second-quarter results and guided higher for the current quarter. The contract manufacturer said earnings rose 12% year over year while sales increased 8%.</p><p><b>Lennar</b>(LEN) reported a 21% EPS decline in its fiscal Q1, but that topped views. Revenue growth slowed to 5%, but also topped. The homebuilder also touted stronger new orders.</p><p><b>Xpeng</b> (XPEV) swung to a wider-than-expected loss as revenue plunged 58%, also missing views, amid tumbling deliveries and weaker pricing. XPeng sees Q1 deliveries of 18,000-19,000, implying March sales of 5,772-6,772.</p><p><b>Academy Sports &amp; Outdoor</b> (ASO) reported a 27% EPS gain, topping views. Revenue fell 3.4%, sliding for a fourth straight quarter and missing views. Shares gapped higher.</p><p><b>FedEx</b> (FDX) soared Friday as the delivery giant beat EPS views and guided higher on full-year profit as cost cuts offset continued demand weakness.</p><p><b>Uber</b> (UBER), <b>Lyft</b> (LYFT) and <b>DoorDash</b> (DASH) rallied after a California appeals court said app-based drivers are contractors, not employees, reversing a lower-court ruling. Further appeals are expected.</p></body></html>","source":"lsy1610612141385","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Weekly Review: Stock Market Diverges Amid Bank Woes, Growth Gains; First Republic, Credit Suisse, Meta In Focus</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\">\nU.S. Weekly Review: Stock Market Diverges Amid Bank Woes, Growth Gains; First Republic, Credit Suisse, Meta In Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-18 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/stock-market-diverges-amid-bank-woes-growth-gains-first-republic-credit-suisse-meta-in-focus/><strong>Investor's Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market showed volatile split action, amid efforts to avoid a wider bank crisis following the SVB Financial and Signature Bank shutdowns in the prior week. Credit Suisse (CS) borrowed up to $...</p>\n\n<a href=\"https://www.investors.com/news/stock-market-diverges-amid-bank-woes-growth-gains-first-republic-credit-suisse-meta-in-focus/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.investors.com/news/stock-market-diverges-amid-bank-woes-growth-gains-first-republic-credit-suisse-meta-in-focus/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128249733","content_text":"The stock market showed volatile split action, amid efforts to avoid a wider bank crisis following the SVB Financial and Signature Bank shutdowns in the prior week. Credit Suisse (CS) borrowed up to $54 billion from the Swiss National Bank after the long-ailing giant tumbled to a record low. JPMorgan Chase (JPM), Bank of America (BAC) and other big banks said they would deposit a total of $30 billion into First Republic (FRC), which then suspended its dividend. But bank stocks were still down sharply, weighing on the Russell 2000. The Nasdaq rose sharply, led by tech titans such as Microsoft (MSFT), Meta Platforms (META) and Nvidia (NVDA).  Treasury yields plunged but came well off lows. Commodity prices tumbled.Stock Market DivergesA stock market rally attempt got underway, but there's been no follow-through day to confirm the attempt. There was a clear divergence between the Nasdaq and the other indexes, weighed down by banks and commodities. The Nasdaq surged above its 50-day and 200-day lines, even with a Friday pullback. led by tech titans and chipmakers. The S&P 500 rose modestly, but fell back below its 200-day. The Dow Jones ended little changed for the week while the Russell 2000 tumbled. Treasury yields initially dived then roared back. Crude oil and copper prices dived.Bank Woes Spread, Lifelines ExtendedAfter SVB Financial and Signature Bank were shut down late in the prior week, there were more bank stresses. Credit Suisse (CS) tapped a $54 billion loan from the Swiss National Bank after the Swiss banking giant's stock hit a record low. First Republic Bank (FRC) bounced Thursday after getting a $30 billion deposit rescue from America's 11 largest banks, after securing $70 billion from JPMorgan (JPM) and the Federal Reserve on Sunday. But First Republic resumed its sell-off Friday as it suspended its dividend. Other banks also skidded again Friday. FDIC-controlled SVB Financial filed for Chapter 11 bankruptcy amid efforts to auction off Silicon Valley Bank.Core Inflation Hot, Other Data MixedCore inflation ran hotter than expected in February, likely enough to push the Fed to hike its key interest rate a half-point on March 22, if it weren't for the sudden eruption of a banking crisis. The consumer price index rose 0.4% on the month, pulling the annual CPI inflation rate down to 6% from 6.4% the prior month. But the core CPI, excluding food and energy, rose 0.5% from January, while the core CPI inflation rate held at 5.5%. Even worse, price gains were even hotter for nonhousing services such as dining out and haircuts, which both saw 0.6% monthly gains. Fed chair Jerome Powell has said nonhousing services are a key to the policy outlook because of their close link to wage growth.Weekly data through March 11 showed jobless claims unexpectedly falling 20,000 to 192,000 in a further sign of labor market tightness. Even the depressed housing sector got a lift in February as housing starts leapt 9.8% to 1.45 million and building permits for future construction surged 13.8% to a 1.524 million annual rate.However, the producer price index unexpectedly fell 0.1% in February as wholesale inflation eased to 4.6% from 5.7% in January. Retail sales slipped 0.4% in February after January's upwardly revised 3.2% gain.Meta Soars On New Layoffs, TikTok Ban BuzzMeta Platforms (META) will cut 10,000 jobs in the coming months, after shedding 11,000 positions in November. The Facebook and Instagram parent also will leave several thousand positions unfilled. Meanwhile, the Biden administration threatened to ban TikTok unless its Chinese owners divest the video-sharing app, a potential boost for Meta, Snap and other social networks. META stock soared, breaking out of a base.Tesla China Sales Keep RisingTesla (TSLA) China EV registrations rose for a third straight week to 17,032. BYD (BYDDF) China registrations were more than double Tesla's, but fell for a second straight week. Other data signaled a pick up in European sales after additional price cuts there. TSLA stock rose modestly.United Airlines Dives On WarningsUnited Airlines (UAL) unexpectedly warned on profits for the current quarter, raising demand concerns. Several carriers, including United, also raised jet-fuel cost estimates. Delta Air Lines (DAL) maintained its first-quarter outlook, saying travel demand is strong and getting stronger. JetBlue Airways (JBLU) hiked its revenue forecast. UAL stock plunged, with other airline stocks tumbling as well.Biotech BuyoutsA pair of biotech buyouts drove shares higher.Pfizer(PFE) will pay $43 billion to buySeagen(SGEN), a maker of antibody drug conjugates, or ADCs. These drugs carry payloads of toxic chemicals directed at specific targets on the outside of tumors, limiting their damage to healthy, surrounding tissue. Meanwhile, Sanofi (SNY) scooped up Provention Bio (PRVB) for $2.9 billion. Provention sells a drug to delay the onset of type 1 diabetes in people age 8 and older. It's allowed for people who have abnormal blood sugar but no symptoms of diabetes.News In BriefSarepta Therapeutics (SRPT) plunged Friday after the FDA reversed course and announced that it will hold an advisory panel for the biotech's gene therapy for Duchenne muscular dystrophy prior to an FDA approval decision. SRPT stock gapped up March 1 after the FDA decided against an advisory panel, suggesting a faster approval.Boeing (BA) announced an order for up to 121 787 Dreamliner jets from two Saudi airlines, including the national carrier Saudia and the brand-new Riyadh Air. The deal is worth an estimated $35 billion-$37 billion at list prices.Amylyx Pharmaceuticals (AMLX) topped Wall Street's fourth-quarter estimates, delivering $21.9 million in sales of amyotrophic lateral sclerosis drug Relyvrio. Analysts called for only $4.7 million, according to FactSet. Amylyx stock jumped.Jabil (JBL) reported slightly better-than-expected fiscal second-quarter results and guided higher for the current quarter. The contract manufacturer said earnings rose 12% year over year while sales increased 8%.Lennar(LEN) reported a 21% EPS decline in its fiscal Q1, but that topped views. Revenue growth slowed to 5%, but also topped. The homebuilder also touted stronger new orders.Xpeng (XPEV) swung to a wider-than-expected loss as revenue plunged 58%, also missing views, amid tumbling deliveries and weaker pricing. XPeng sees Q1 deliveries of 18,000-19,000, implying March sales of 5,772-6,772.Academy Sports & Outdoor (ASO) reported a 27% EPS gain, topping views. Revenue fell 3.4%, sliding for a fourth straight quarter and missing views. Shares gapped higher.FedEx (FDX) soared Friday as the delivery giant beat EPS views and guided higher on full-year profit as cost cuts offset continued demand weakness.Uber (UBER), Lyft (LYFT) and DoorDash (DASH) rallied after a California appeals court said app-based drivers are contractors, not employees, reversing a lower-court ruling. Further appeals are expected.","news_type":1},"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943391762,"gmtCreate":1679101315357,"gmtModify":1679101319213,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943391762","repostId":"2320584107","repostType":2,"repost":{"id":"2320584107","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1679186631,"share":"https://ttm.financial/m/news/2320584107?lang=&edition=fundamental","pubTime":"2023-03-19 08:43","market":"us","language":"en","title":"What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2320584107","media":"Dow Jones","summary":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors","content":"<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</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>What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike</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\">\nWhat It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-19 08:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBNY":"签字银行","BK4211":"区域性银行",".SPX":"S&P 500 Index","LU1861217088.USD":"贝莱德金融科技A2","BK4552":"Archegos爆仓风波概念","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4118":"综合性资本市场","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4589":"SVB概念",".DJI":"道琼斯","BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念",".IXIC":"NASDAQ Composite","BK4588":"碎股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320584107","content_text":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.Fear of unknown risksWild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”The Dow Jones Industrial Average shed 384 points Friday, the S&P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949995228,"gmtCreate":1678286191965,"gmtModify":1678286196343,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Wwow","listText":"Wwow","text":"Wwow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949995228","repostId":"1111614361","repostType":2,"repost":{"id":"1111614361","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1678286084,"share":"https://ttm.financial/m/news/1111614361?lang=&edition=fundamental","pubTime":"2023-03-08 22:34","market":"us","language":"en","title":"U.S. Stocks Open Little Changed As Wall Street Tries to Recover From Tuesday’s Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1111614361","media":"Tiger Newspress","summary":"Stocks traded flat Wednesday, attempting to recover from Tuesday’s broad-based selloff, spurred by c","content":"<html><head></head><body><p>Stocks traded flat Wednesday, attempting to recover from Tuesday’s broad-based selloff, spurred by comments from Federal Reserve Chairman Jerome Powell that suggested that interest rates may need to go higher for longer.</p><p>The Dow Jones Industrial Average ticked 30 points higher, while the S&amp;P 500 and Nasdaq Composite added 0.15% and 0.25%, respectively.</p><p>A stronger-than-expected February private payrolls report suggested that the economy is standing strong despite the Fed’s hiking campaign, adding to investor concern that a bigger rate increase may be ahead.</p><p>The Dow closed nearly 575 points lower on Tuesday. The S&amp;P 500 slid 1.53% to close below the key 4,000 thresholds, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.</p><p>The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.</p><p>″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said.</p><p>“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.</p><p>On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is also due.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Open Little Changed As Wall Street Tries to Recover From Tuesday’s Selloff</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\">\nU.S. Stocks Open Little Changed As Wall Street Tries to Recover From Tuesday’s Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-08 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks traded flat Wednesday, attempting to recover from Tuesday’s broad-based selloff, spurred by comments from Federal Reserve Chairman Jerome Powell that suggested that interest rates may need to go higher for longer.</p><p>The Dow Jones Industrial Average ticked 30 points higher, while the S&amp;P 500 and Nasdaq Composite added 0.15% and 0.25%, respectively.</p><p>A stronger-than-expected February private payrolls report suggested that the economy is standing strong despite the Fed’s hiking campaign, adding to investor concern that a bigger rate increase may be ahead.</p><p>The Dow closed nearly 575 points lower on Tuesday. The S&amp;P 500 slid 1.53% to close below the key 4,000 thresholds, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.</p><p>The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.</p><p>″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said.</p><p>“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.</p><p>On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is also due.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111614361","content_text":"Stocks traded flat Wednesday, attempting to recover from Tuesday’s broad-based selloff, spurred by comments from Federal Reserve Chairman Jerome Powell that suggested that interest rates may need to go higher for longer.The Dow Jones Industrial Average ticked 30 points higher, while the S&P 500 and Nasdaq Composite added 0.15% and 0.25%, respectively.A stronger-than-expected February private payrolls report suggested that the economy is standing strong despite the Fed’s hiking campaign, adding to investor concern that a bigger rate increase may be ahead.The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 thresholds, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said.“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is also due.","news_type":1},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954241620,"gmtCreate":1676427392861,"gmtModify":1676427396375,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"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":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954241620","repostId":"1120881613","repostType":2,"repost":{"id":"1120881613","pubTimestamp":1676426594,"share":"https://ttm.financial/m/news/1120881613?lang=&edition=fundamental","pubTime":"2023-02-15 10:03","market":"sg","language":"en","title":"Thinking of Retiring? These 4 Singapore Dividend Stocks Will be Perfect for Your Portfolio","url":"https://stock-news.laohu8.com/highlight/detail?id=1120881613","media":"The Smart Investor","summary":"There are stocks suitable for every stage of your life, whether you just started work or are saddled","content":"<html><head></head><body><p>There are stocks suitable for every stage of your life, whether you just started work or are saddled with responsibilities to both your kids and your parents.</p><p>As you grow older and approach your retirement age, you seek different requirements from the stocks you own.</p><p>A key consideration is business stability and certainty as you will not want to witness the business crumbling when it encounters difficulties.</p><p>With this in mind, blue-chip stocks and recession-resistant companies should factor highly into your consideration.</p><p>In addition, you’d want to look for a steady source of passive income in the form of dividends.</p><p>These dividends will help to sustain your lifestyle as you enjoy your golden years.</p><p>Here are four stocks that are suitable for your portfolio should you choose to retire.</p><p><b>DBS Group (SGX: D05)</b></p><p>Singapore’s largest bank, DBS Group, offers a comprehensive range of banking and investment services to both individuals and corporations.</p><p>The lender is a bastion of stability as it forms one of the key pillars of Singapore’s economy.</p><p>The bank had just released a set of record-breaking financial numbers when it reported its fiscal 2022 results this week.</p><p>Total income surged to a new high of S$16.5 billion as higher interest rates lifted the group’s net interest income.</p><p>Net profit climbed 20% year on year to S$8.2 billion, with CEO Piyush Gupta stating that the bank “has a shot” at attaining its goal of S$10 billion in net profit this year.</p><p>DBS has also raised its quarterly dividend from S$0.36 to S$0.42 per share and declared a special dividend of S$0.50 in line with the strong results.</p><p>Looking ahead, the bank expects healthy mid-single-digit year-on-year loan growth for 2023 and for fee income to rise by double-digits year on year as China reopens its borders.</p><p><b>Haw Par Corporation Ltd (SGX: H02)</b></p><p>Haw Par is a conglomerate with four core divisions – healthcare, leisure, property, and investments.</p><p>The group is the owner of the iconic Tiger Balm brand, one of the world’s leading topical analgesic brands that is distributed in more than 100 countries.</p><p>Haw Par saw its net profit rebound strongly as border reopenings led to more sporting events being held worldwide, benefitting its Healthcare division’s sales and profits.</p><p>Revenue for the first half of 2022 (1H2022) jumped 45.1% year on year to S$95.5 million while net profit climbed 45.8% year on year to S$77.2 million.</p><p>Of note, the healthcare segment saw its revenue shoot up from S$57.4 million in 1H2021 to S$86.8 million in 1H2022.</p><p>Haw Par has demonstrated its resilience by generating healthy free cash flow in both 2021 and 2022.</p><p>An interim dividend of S$0.15 was paid for 1H2022.</p><p>Coupled with 2021’s final dividend of S$0.15, a total of S$0.30 per share was paid out in the last 12 months.</p><p><b>CapitaLand Integrated Commercial Trust (SGX: C38U)</b></p><p>CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT with a portfolio of 21 properties in Singapore, two in Germany, and three in Australia.</p><p>CICT’s assets under management clocked in at S$24.2 billion as of 31 December 2022.</p><p>The REIT has a strong sponsor in <b>CapitaLand Investment Limited</b>(SGX: 9CI), providing both stability and assurance to investors.</p><p>CICT reported a respectable performance for 2022, with gross revenue rising by 10.5% year on year to S$1.4 billion.</p><p>Its net property income improved by 9.7% year on year to S$1 billion while distribution per unit for 2022 increased from S$0.104 a year ago to S$0.1058.</p><p>There could be more to come as the REIT undertakes an asset enhancement initiative at Clark Quay to upgrade and restore the buildings and outdoor refreshment area.</p><p><b>Sheng Siong Group Ltd (SGX: OV8)</b></p><p>Sheng Siong is one of Singapore’s largest supermarket chains with 66 outlets across the island.</p><p>The group sells a wide variety of products including fresh and chilled produce as well as toiletries and essential household items.</p><p>The retailer’s business has proven resilient during the pandemic as heartlanders patronised its stores for food and essential items.</p><p>For the first nine months of 2022 (9M2022), Sheng Siong reported a slight 1.9% year on year dip in revenue to S$1 billion.</p><p>Net profit, however, remained flat year on year at S$100.4 million.</p><p>The group also generated healthy free cash flow for both 9M2022 and 9M2021.</p><p>An interim dividend of S$0.0315 was paid out late last year.</p><p>Together with 2021’s final dividend of S$0.031, Sheng Siong’s trailing 12-month dividend totaled S$0.625.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thinking of Retiring? These 4 Singapore Dividend Stocks Will be Perfect for Your Portfolio</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\">\nThinking of Retiring? These 4 Singapore Dividend Stocks Will be Perfect for Your Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-15 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/thinking-of-retiring-these-4-singapore-dividend-stocks-will-be-perfect-for-your-portfolio/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There are stocks suitable for every stage of your life, whether you just started work or are saddled with responsibilities to both your kids and your parents.As you grow older and approach your ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/thinking-of-retiring-these-4-singapore-dividend-stocks-will-be-perfect-for-your-portfolio/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C38U.SI":"凯德商用新加坡信托","H02.SI":"虎豹企业","OV8.SI":"昇菘","D05.SI":"星展集团控股"},"source_url":"https://thesmartinvestor.com.sg/thinking-of-retiring-these-4-singapore-dividend-stocks-will-be-perfect-for-your-portfolio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120881613","content_text":"There are stocks suitable for every stage of your life, whether you just started work or are saddled with responsibilities to both your kids and your parents.As you grow older and approach your retirement age, you seek different requirements from the stocks you own.A key consideration is business stability and certainty as you will not want to witness the business crumbling when it encounters difficulties.With this in mind, blue-chip stocks and recession-resistant companies should factor highly into your consideration.In addition, you’d want to look for a steady source of passive income in the form of dividends.These dividends will help to sustain your lifestyle as you enjoy your golden years.Here are four stocks that are suitable for your portfolio should you choose to retire.DBS Group (SGX: D05)Singapore’s largest bank, DBS Group, offers a comprehensive range of banking and investment services to both individuals and corporations.The lender is a bastion of stability as it forms one of the key pillars of Singapore’s economy.The bank had just released a set of record-breaking financial numbers when it reported its fiscal 2022 results this week.Total income surged to a new high of S$16.5 billion as higher interest rates lifted the group’s net interest income.Net profit climbed 20% year on year to S$8.2 billion, with CEO Piyush Gupta stating that the bank “has a shot” at attaining its goal of S$10 billion in net profit this year.DBS has also raised its quarterly dividend from S$0.36 to S$0.42 per share and declared a special dividend of S$0.50 in line with the strong results.Looking ahead, the bank expects healthy mid-single-digit year-on-year loan growth for 2023 and for fee income to rise by double-digits year on year as China reopens its borders.Haw Par Corporation Ltd (SGX: H02)Haw Par is a conglomerate with four core divisions – healthcare, leisure, property, and investments.The group is the owner of the iconic Tiger Balm brand, one of the world’s leading topical analgesic brands that is distributed in more than 100 countries.Haw Par saw its net profit rebound strongly as border reopenings led to more sporting events being held worldwide, benefitting its Healthcare division’s sales and profits.Revenue for the first half of 2022 (1H2022) jumped 45.1% year on year to S$95.5 million while net profit climbed 45.8% year on year to S$77.2 million.Of note, the healthcare segment saw its revenue shoot up from S$57.4 million in 1H2021 to S$86.8 million in 1H2022.Haw Par has demonstrated its resilience by generating healthy free cash flow in both 2021 and 2022.An interim dividend of S$0.15 was paid for 1H2022.Coupled with 2021’s final dividend of S$0.15, a total of S$0.30 per share was paid out in the last 12 months.CapitaLand Integrated Commercial Trust (SGX: C38U)CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT with a portfolio of 21 properties in Singapore, two in Germany, and three in Australia.CICT’s assets under management clocked in at S$24.2 billion as of 31 December 2022.The REIT has a strong sponsor in CapitaLand Investment Limited(SGX: 9CI), providing both stability and assurance to investors.CICT reported a respectable performance for 2022, with gross revenue rising by 10.5% year on year to S$1.4 billion.Its net property income improved by 9.7% year on year to S$1 billion while distribution per unit for 2022 increased from S$0.104 a year ago to S$0.1058.There could be more to come as the REIT undertakes an asset enhancement initiative at Clark Quay to upgrade and restore the buildings and outdoor refreshment area.Sheng Siong Group Ltd (SGX: OV8)Sheng Siong is one of Singapore’s largest supermarket chains with 66 outlets across the island.The group sells a wide variety of products including fresh and chilled produce as well as toiletries and essential household items.The retailer’s business has proven resilient during the pandemic as heartlanders patronised its stores for food and essential items.For the first nine months of 2022 (9M2022), Sheng Siong reported a slight 1.9% year on year dip in revenue to S$1 billion.Net profit, however, remained flat year on year at S$100.4 million.The group also generated healthy free cash flow for both 9M2022 and 9M2021.An interim dividend of S$0.0315 was paid out late last year.Together with 2021’s final dividend of S$0.031, Sheng Siong’s trailing 12-month dividend totaled S$0.625.","news_type":1},"isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950474792,"gmtCreate":1672825325816,"gmtModify":1676538743191,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950474792","repostId":"2300453672","repostType":2,"repost":{"id":"2300453672","pubTimestamp":1672824300,"share":"https://ttm.financial/m/news/2300453672?lang=&edition=fundamental","pubTime":"2023-01-04 17:25","market":"us","language":"en","title":"1 Sign Amazon's Cloud Business Could Be in Trouble","url":"https://stock-news.laohu8.com/highlight/detail?id=2300453672","media":"Motley Fool","summary":"A big slowdown in memory chip sales to cloud providers could indicate that demand for cloud computing services is weakening.","content":"<html><head></head><body><p>E-commerce giant <b>Amazon</b> launched the now-ubiquitous Amazon Web Services way back in 2006. It took a while for the concept of cloud computing to really catch on, but today, AWS is churning out over $20 billion of revenue each quarter.</p><p>And unlike Amazon&#39;s core e-commerce business, AWS sports sky-high profit margins. In the third quarter of 2022, AWS reported an operating margin of 26%.</p><p>Growth has been relentless for AWS and the cloud infrastructure market over the past decade. Start-ups are choosing cloud computing by default, and enterprises are increasingly moving workloads to the cloud. AWS has snagged around 34% of the market, becoming the default cloud provider for many businesses. In the long run, it seems likely that demand will continue to grow at a healthy pace.</p><p>However, AWS may now be facing the first substantial headwind since it emerged as the key profit engine for Amazon.</p><h2>Canary in the coal mine</h2><p>Amazon&#39;s management has already indicated that AWS customers had started to care a lot more about their cloud computing bills amid a tough economic climate. CFO Brian Olsavsky said during the third-quarter earnings call back in October: &#34;...when I talk about enterprise customers in AWS, yes, we&#39;ve been working with customers to lower their bills. We do see some of the consumers are cutting their budgets and trying to save money in the short run.&#34;</p><p>Amazon reported 27% year-over-year revenue growth for AWS in the third quarter, but Olsavsky said that growth had slowed to a mid-20% rate by the end of the quarter. For Amazon&#39;s fourth-quarter guidance, the company assumed this mid-20% growth rate would continue.</p><p>Amazon&#39;s warning about AWS customer behavior was the first indication that growth for the all-important cloud business was slowing. The latest earnings report from memory chip manufacturer <b>Micron</b> provides further evidence that a downturn for the cloud infrastructure industry is well on its way.</p><p>Micron manufactures DRAM and NAND memory chips. Although the company doesn&#39;t break out sales to data center customers, Micron is seeing those customers pull back. &#34;In data center, we expect cloud demand for memory in 2023 to grow well below the historical trend due to the significant impact of inventory reductions at key customers,&#34; said CEO Sanjay Mehrotra in the latest earnings call.</p><p>One of those mentioned key customers is almost certainly AWS, given its size. Cloud infrastructure providers built up inventories of memory chips based on growth expectations that turned out to be overly optimistic, and now they&#39;re slowing down expansion to account for weakening demand growth. Micron believes this will be an issue throughout 2023.</p><h2>AWS profits could take a hit</h2><p>Amazon&#39;s cloud business is about as capital intensive as it gets, and profitability all comes down to utilization. All the servers, chips, and networking gear that fill Amazon&#39;s data centers incur depreciation expenses regardless of whether they&#39;re being fully used. Those fixed costs are there no matter how much revenue is generated.</p><p>During times when Amazon can accurately predict future demand, it can tailor the expansion of its infrastructure to match that demand and keep utilization rates high. But if the company overestimates future demand and builds excess capacity, utilization rates can drop.</p><p>Based on what Amazon has said about customers slowing down spending and what Micron has said about depressed sales of memory chips to cloud providers throughout 2023, it seems likely that Amazon has overbuilt its cloud business to a degree. Operating margin for AWS was down about 4 percentage points year over year in the third quarter, which suggests that the company expanded too quickly.</p><p>When Amazon reports its fourth-quarter results in a month or so, investors should brace themselves for deteriorating AWS profitability. At a time when the retail side of the business is producing giant losses, disappointing results from AWS aren&#39;t going to help the stock recover.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1 Sign Amazon's Cloud Business Could Be in Trouble</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\">\n1 Sign Amazon's Cloud Business Could Be in Trouble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-04 17:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/03/1-sign-amazons-cloud-business-could-be-in-trouble/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>E-commerce giant Amazon launched the now-ubiquitous Amazon Web Services way back in 2006. It took a while for the concept of cloud computing to really catch on, but today, AWS is churning out over $20...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/03/1-sign-amazons-cloud-business-could-be-in-trouble/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2023/01/03/1-sign-amazons-cloud-business-could-be-in-trouble/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2300453672","content_text":"E-commerce giant Amazon launched the now-ubiquitous Amazon Web Services way back in 2006. It took a while for the concept of cloud computing to really catch on, but today, AWS is churning out over $20 billion of revenue each quarter.And unlike Amazon's core e-commerce business, AWS sports sky-high profit margins. In the third quarter of 2022, AWS reported an operating margin of 26%.Growth has been relentless for AWS and the cloud infrastructure market over the past decade. Start-ups are choosing cloud computing by default, and enterprises are increasingly moving workloads to the cloud. AWS has snagged around 34% of the market, becoming the default cloud provider for many businesses. In the long run, it seems likely that demand will continue to grow at a healthy pace.However, AWS may now be facing the first substantial headwind since it emerged as the key profit engine for Amazon.Canary in the coal mineAmazon's management has already indicated that AWS customers had started to care a lot more about their cloud computing bills amid a tough economic climate. CFO Brian Olsavsky said during the third-quarter earnings call back in October: \"...when I talk about enterprise customers in AWS, yes, we've been working with customers to lower their bills. We do see some of the consumers are cutting their budgets and trying to save money in the short run.\"Amazon reported 27% year-over-year revenue growth for AWS in the third quarter, but Olsavsky said that growth had slowed to a mid-20% rate by the end of the quarter. For Amazon's fourth-quarter guidance, the company assumed this mid-20% growth rate would continue.Amazon's warning about AWS customer behavior was the first indication that growth for the all-important cloud business was slowing. The latest earnings report from memory chip manufacturer Micron provides further evidence that a downturn for the cloud infrastructure industry is well on its way.Micron manufactures DRAM and NAND memory chips. Although the company doesn't break out sales to data center customers, Micron is seeing those customers pull back. \"In data center, we expect cloud demand for memory in 2023 to grow well below the historical trend due to the significant impact of inventory reductions at key customers,\" said CEO Sanjay Mehrotra in the latest earnings call.One of those mentioned key customers is almost certainly AWS, given its size. Cloud infrastructure providers built up inventories of memory chips based on growth expectations that turned out to be overly optimistic, and now they're slowing down expansion to account for weakening demand growth. Micron believes this will be an issue throughout 2023.AWS profits could take a hitAmazon's cloud business is about as capital intensive as it gets, and profitability all comes down to utilization. All the servers, chips, and networking gear that fill Amazon's data centers incur depreciation expenses regardless of whether they're being fully used. Those fixed costs are there no matter how much revenue is generated.During times when Amazon can accurately predict future demand, it can tailor the expansion of its infrastructure to match that demand and keep utilization rates high. But if the company overestimates future demand and builds excess capacity, utilization rates can drop.Based on what Amazon has said about customers slowing down spending and what Micron has said about depressed sales of memory chips to cloud providers throughout 2023, it seems likely that Amazon has overbuilt its cloud business to a degree. Operating margin for AWS was down about 4 percentage points year over year in the third quarter, which suggests that the company expanded too quickly.When Amazon reports its fourth-quarter results in a month or so, investors should brace themselves for deteriorating AWS profitability. At a time when the retail side of the business is producing giant losses, disappointing results from AWS aren't going to help the stock recover.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927593712,"gmtCreate":1672531616937,"gmtModify":1676538701045,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927593712","repostId":"1169510739","repostType":4,"repost":{"id":"1169510739","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1672412980,"share":"https://ttm.financial/m/news/1169510739?lang=&edition=fundamental","pubTime":"2022-12-30 23:09","market":"us","language":"en","title":"Li Auto Jumps 2% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1169510739","media":"Tiger Newspress","summary":"The China-based EV maker sees record EV deliveries in December","content":"<html><head></head><body><p>Li Auto Jumps 2% in Morning Trading.</p><p>Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month.</p><p><img src=\"https://static.tigerbbs.com/ff33a58e6cdb4a69195369b6a23c40dc\" tg-width=\"793\" tg-height=\"670\" width=\"100%\" height=\"auto\"/>The China-based EV maker’s announcement of preliminary delivery data comes just days after rival Nio Inc. sparked a selloff in EV maker stocks after “prudently” slashing its fourth-quarter delivery outlook, citing COVID-related production challenges and supply chain constraints.</p><p>At a media event in Guangzhou on Friday, Li Auto said “December deliveries will exceed 20,000 vehicles.” That would be up more than 42% from the 14,087 EVs delivered in December 2021, and up from November 2022’s monthly record of 15,034 EVs delivered.</p><p>The company also said it plans to hold a launch event for its Li L7 five-seat family sport-utility vehicle on Feb. 8.</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>Li Auto Jumps 2% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto Jumps 2% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-30 23:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Li Auto Jumps 2% in Morning Trading.</p><p>Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month.</p><p><img src=\"https://static.tigerbbs.com/ff33a58e6cdb4a69195369b6a23c40dc\" tg-width=\"793\" tg-height=\"670\" width=\"100%\" height=\"auto\"/>The China-based EV maker’s announcement of preliminary delivery data comes just days after rival Nio Inc. sparked a selloff in EV maker stocks after “prudently” slashing its fourth-quarter delivery outlook, citing COVID-related production challenges and supply chain constraints.</p><p>At a media event in Guangzhou on Friday, Li Auto said “December deliveries will exceed 20,000 vehicles.” That would be up more than 42% from the 14,087 EVs delivered in December 2021, and up from November 2022’s monthly record of 15,034 EVs delivered.</p><p>The company also said it plans to hold a launch event for its Li L7 five-seat family sport-utility vehicle on Feb. 8.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02015":"理想汽车-W","LI":"理想汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169510739","content_text":"Li Auto Jumps 2% in Morning Trading.Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month.The China-based EV maker’s announcement of preliminary delivery data comes just days after rival Nio Inc. sparked a selloff in EV maker stocks after “prudently” slashing its fourth-quarter delivery outlook, citing COVID-related production challenges and supply chain constraints.At a media event in Guangzhou on Friday, Li Auto said “December deliveries will exceed 20,000 vehicles.” That would be up more than 42% from the 14,087 EVs delivered in December 2021, and up from November 2022’s monthly record of 15,034 EVs delivered.The company also said it plans to hold a launch event for its Li L7 five-seat family sport-utility vehicle on Feb. 8.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922454162,"gmtCreate":1671834704356,"gmtModify":1676538600450,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922454162","repostId":"2293588795","repostType":4,"repost":{"id":"2293588795","pubTimestamp":1671804074,"share":"https://ttm.financial/m/news/2293588795?lang=&edition=fundamental","pubTime":"2022-12-23 22:01","market":"us","language":"en","title":"Why Isn't Warren Buffett Buying Alphabet (Google) Stock Hand Over Fist?","url":"https://stock-news.laohu8.com/highlight/detail?id=2293588795","media":"Motley Fool","summary":"Buffett regrets not investing in Google earlier. He could experience regret in the future for not buying the stock now.","content":"<html><head></head><body><p>What does Warren Buffett like in a stock? You could put a solid business moat high on the list. <a href=\"https://laohu8.com/S/HTM.AU\">High</a> returns on invested capital (ROIC) would be up there, too, as would an outstanding management team. And we can&#39;t leave out an attractive valuation.</p><p>Google parent<b> Alphabet</b> checks off all of those boxes and dominates its core search market. It&#39;s a strong challenger in others, as well, notably including cloud hosting. Alphabet&#39;s ROIC consistently trounces the levels generated by Buffett&#39;s own <b>Berkshire Hathaway</b>. The company&#39;s CEO Sundar Pichai has an exceptional track record.</p><p>Then there&#39;s valuation. Alphabet stock has plunged nearly 40% year to date. It has never been this cheap, based on its projected future free cash flow. So why isn&#39;t Buffett buying Alphabet stock hand over fist?</p><h2>Buffett&#39;s initial hesitation</h2><p>There were several reasons why Buffett didn&#39;t initially buy what was then Google stock. Most importantly, he didn&#39;t think the company&#39;s business was within his circle of competence. Buffett has avoided many tech stocks for this very reason.</p><p>The legendary investor also wasn&#39;t sure about how sustainable Google&#39;s moat was. Years ago, it wasn&#39;t nearly as clear that Google would be as dominant over the long run in search as it ultimately became.</p><p>These factors undoubtedly made it challenging for Buffett to project Google&#39;s earnings and assess its valuation. He wrote to Berkshire Hathaway shareholders in 2013:</p><blockquote>We first have to decide whether we can sensibly estimate an earnings range for five years out, or more. If the answer is yes, we will buy the stock (or business) if it sells at a reasonable price in relation to the bottom boundary of our estimate. If, however, we lack the ability to estimate future earnings -- which is usually the case -- we simply move on to other prospects.</blockquote><p>Buffett followed this process with Google years ago. And using his own words, he moved on to other prospects.</p><h2>Then and now</h2><p>Does this past reluctance explain Buffett&#39;s current decision not to invest in what is now Alphabet? There&#39;s certainly an argument to be made that it shouldn&#39;t.</p><p>Back in 2017, Buffett told CNBC that he &#34;should have had better insight into Google.&#34; Berkshire&#39;s GEICO insurance was a heavy advertiser on the company&#39;s search engine. Buffett admitted that it was &#34;an extraordinary business&#34; that claimed &#34;some aspects of a natural monopoly.&#34;</p><p>Surely, the Oracle of Omaha understands Alphabet&#39;s business much better now than he did in the past. He has also gone along with his two investment managers, Ted Combs and Todd Weschler, in adding several tech stocks to Berkshire&#39;s portfolio, including <b>Amazon</b> and <b><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></b>.</p><p>However, it&#39;s quite possible that Buffett is still uneasy about projecting Alphabet&#39;s future earnings. The company&#39;s YouTube business is threatened, to some extent, by rivals such as TikTok. Some maintain that OpenAI&#39;s ChatGPT chatbot could be &#34;a Google killer.&#34;</p><h2>Toes in the water, head in the sand?</h2><p>Buffett does have his toes in the water with Alphabet. Earlier this year, Berkshire initiated a position in <b>Markel</b>, which is sometimes referred to as a &#34;baby Berkshire&#34; because of its similarities with Berkshire Hathaway. And it owns over 3.1 million shares of Alphabet.</p><p>But this indirect ownership obviously isn&#39;t in the same ballpark as Buffett buying Alphabet shares outright. So why isn&#39;t he loading up on the stock?</p><p>My view is that it&#39;s for the same reasons why he didn&#39;t buy the stock years ago. The company is still outside his circle of competence, which makes it hard for him to assess its valuation.</p><p>What&#39;s more difficult to understand, though, is why Combs and Weschler haven&#39;t moved to invest in Alphabet. The company truly does check off a lot of boxes that they, like Buffett, like to see.</p><p>TikTok and ChatGPT have a long way to go to even have a chance at knocking Alphabet off its perch. There&#39;s a real chance that TikTok could be banned in the U.S. Alphabet has its own AI chatbot, LaMDA, which some believe is more advanced than ChatGPT.</p><p>Although Buffett has his toes in the water with Alphabet, his head (or the heads of his investment managers) could be in the sand. Now appears to be a once-in-a-decade opportunity to buy this exceptional stock.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Isn't Warren Buffett Buying Alphabet (Google) Stock Hand Over Fist?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Isn't Warren Buffett Buying Alphabet (Google) Stock Hand Over Fist?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-23 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/22/warren-buffett-isnt-buying-alphabet-google-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What does Warren Buffett like in a stock? You could put a solid business moat high on the list. High returns on invested capital (ROIC) would be up there, too, as would an outstanding management team....</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/22/warren-buffett-isnt-buying-alphabet-google-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0079474960.USD":"联博美国增长基金A","BK4574":"无人驾驶","LU0056508442.USD":"贝莱德世界科技基金A2","BK4566":"资本集团","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4581":"高盛持仓","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4532":"文艺复兴科技持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1046421795.USD":"富达环球科技A-ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0444971666.USD":"天利全球科技基金","BK4548":"巴美列捷福持仓","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0882574139.USD":"富达环球消费行业基金A ACC","BK4538":"云计算","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4080":"零售业房地产投资信托","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4525":"远程办公概念","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","GOOGL":"谷歌A","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4561":"索罗斯持仓","GOOG":"谷歌","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H"},"source_url":"https://www.fool.com/investing/2022/12/22/warren-buffett-isnt-buying-alphabet-google-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293588795","content_text":"What does Warren Buffett like in a stock? You could put a solid business moat high on the list. High returns on invested capital (ROIC) would be up there, too, as would an outstanding management team. And we can't leave out an attractive valuation.Google parent Alphabet checks off all of those boxes and dominates its core search market. It's a strong challenger in others, as well, notably including cloud hosting. Alphabet's ROIC consistently trounces the levels generated by Buffett's own Berkshire Hathaway. The company's CEO Sundar Pichai has an exceptional track record.Then there's valuation. Alphabet stock has plunged nearly 40% year to date. It has never been this cheap, based on its projected future free cash flow. So why isn't Buffett buying Alphabet stock hand over fist?Buffett's initial hesitationThere were several reasons why Buffett didn't initially buy what was then Google stock. Most importantly, he didn't think the company's business was within his circle of competence. Buffett has avoided many tech stocks for this very reason.The legendary investor also wasn't sure about how sustainable Google's moat was. Years ago, it wasn't nearly as clear that Google would be as dominant over the long run in search as it ultimately became.These factors undoubtedly made it challenging for Buffett to project Google's earnings and assess its valuation. He wrote to Berkshire Hathaway shareholders in 2013:We first have to decide whether we can sensibly estimate an earnings range for five years out, or more. If the answer is yes, we will buy the stock (or business) if it sells at a reasonable price in relation to the bottom boundary of our estimate. If, however, we lack the ability to estimate future earnings -- which is usually the case -- we simply move on to other prospects.Buffett followed this process with Google years ago. And using his own words, he moved on to other prospects.Then and nowDoes this past reluctance explain Buffett's current decision not to invest in what is now Alphabet? There's certainly an argument to be made that it shouldn't.Back in 2017, Buffett told CNBC that he \"should have had better insight into Google.\" Berkshire's GEICO insurance was a heavy advertiser on the company's search engine. Buffett admitted that it was \"an extraordinary business\" that claimed \"some aspects of a natural monopoly.\"Surely, the Oracle of Omaha understands Alphabet's business much better now than he did in the past. He has also gone along with his two investment managers, Ted Combs and Todd Weschler, in adding several tech stocks to Berkshire's portfolio, including Amazon and Snowflake.However, it's quite possible that Buffett is still uneasy about projecting Alphabet's future earnings. The company's YouTube business is threatened, to some extent, by rivals such as TikTok. Some maintain that OpenAI's ChatGPT chatbot could be \"a Google killer.\"Toes in the water, head in the sand?Buffett does have his toes in the water with Alphabet. Earlier this year, Berkshire initiated a position in Markel, which is sometimes referred to as a \"baby Berkshire\" because of its similarities with Berkshire Hathaway. And it owns over 3.1 million shares of Alphabet.But this indirect ownership obviously isn't in the same ballpark as Buffett buying Alphabet shares outright. So why isn't he loading up on the stock?My view is that it's for the same reasons why he didn't buy the stock years ago. The company is still outside his circle of competence, which makes it hard for him to assess its valuation.What's more difficult to understand, though, is why Combs and Weschler haven't moved to invest in Alphabet. The company truly does check off a lot of boxes that they, like Buffett, like to see.TikTok and ChatGPT have a long way to go to even have a chance at knocking Alphabet off its perch. There's a real chance that TikTok could be banned in the U.S. Alphabet has its own AI chatbot, LaMDA, which some believe is more advanced than ChatGPT.Although Buffett has his toes in the water with Alphabet, his head (or the heads of his investment managers) could be in the sand. Now appears to be a once-in-a-decade opportunity to buy this exceptional stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922454322,"gmtCreate":1671834675866,"gmtModify":1676538600450,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922454322","repostId":"2293551384","repostType":4,"repost":{"id":"2293551384","pubTimestamp":1671809458,"share":"https://ttm.financial/m/news/2293551384?lang=&edition=fundamental","pubTime":"2022-12-23 23:30","market":"us","language":"en","title":"Apple: 3 Compelling Reasons To Invest In 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2293551384","media":"Seeking Alpha","summary":"SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24","content":"<html><head></head><body><h2>Summary</h2><ul><li>Amid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.</li><li>Supply challenges caused by Covid-19 related disruptions and semiconductor shortages will likely ease further in 2023.</li><li>Going forward, growth from services is expected to outpace product sales.</li><li>Apple&#39;s industry-leading margins are a testament to the strength of its brand and its loyal customer base.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db66623bcd1945c607ab6f0d56b4ef0c\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>Diego Thomazini/iStock Editorial via Getty Images</span></p><p>Like many in the tech sector, <b>Apple</b> (NASDAQ:AAPL) has been affected by the more challenging macroeconomic environment in 2022. Year-to-date, investors have seen a negative total return of 24% from Apple’s stock, amid concerns about lingering supply chain disruptions and the growing risk of a hard landing for the economy in the coming year.</p><p>Despite the challenges, however, Apple looks well-prepared for a comeback in 2023. And here are three compelling reasons why.</p><h2>End In Sight For Covid-19 Related DisruptionSupply Disruption</h2><p>Supply challenges caused by Covid-19 related disruptions and an industry-wide semiconductor shortage continued to impact Apple&#39;s ability to meet customer demand for its products in 2022. More trouble could be yet to come, as Apple warned in November about lower iPhone 14 Pro and iPhone Pro Max shipments, following Covid-related labor shortages which have disrupted production at Foxconn’s main iPhone assembly facility in Zhengzhou, China.</p><p>But in an effort to improve supply chain resilience, Apple is diversifying its supply chain beyond China. With more production shifting to India and Vietnam and increased procurement from the US, Taiwan and elsewhere, the company will in future be better protected from localized manufacturing risks, as well as trade and geopolitical tensions.</p><p>The supply issues aren’t over yet, but the end is clearly in sight. As chip makers have ramped up production to meet demand, silicon-related supply constraints have already eased significantly during the course of the year. The supply position for iPads and MacBook Pro, which had been considerably constrained throughout most of 2021 and during the first half of 2022, has also improved significantly since then.</p><p>Moreover, with China now moving away from its zero-Covid policy, pandemic-related supply disruption issues may soon finally be no more. Things might get a little worse in the short term, as rising infections temporarily exacerbate existing supply challenges and Covid-related labor shortages. In the longer term, however, the benefits will rack up - as a shift away from strict social controls and unsustainable ‘closed-loop’ manufacturing operations will eventually lead to an enduring improvement in the supply situation.</p><h2>Demand Recovery</h2><p>The same could be said on the demand side too. In the short term, there will be a hit to consumer spending, as people across China choose to stay at home either because they have become unwell with Covid or are trying to avoid catching the virus. After a couple of months though, a return to normality should eventually lead to higher economic activity, and in particular, increased consumer spending.</p><p>We’ve seen the same pattern across the globe as other countries have abandoned their strict Covid-containment strategies and learned to live with the virus. Pent-up demand and an improvement in consumer confidence, driven by better job security and increased employment opportunities, would likely lead to a resurgence in Apple’s sales growth in China too.</p><p>Demonstrating the recent depressed demand, Apple’s sales growth in Greater China, which includes Hong Kong and Taiwan, slowed to just 9% in the year to September 24, 2022, down from 70% in 2021. This was largely attributable to macro factors, as Apple extended its market share lead in its most important market - premium smartphones. In the $600-plus smartphone space, its market share rose to 70% in China in the second quarter of 2022, up from 58% in Q1, according to data from market research firm IDC.</p><p>And while a recovery may only be noticeable from the second half of 2023, it’s important to remember that investor sentiment usually improves before the temporary disruption is over - as investors will likely anticipate a recovery before it actually takes place.</p><h2>Service Revenue OpportunityiOS Services and Apple TV+</h2><p>Although product sales generate a substantial majority of revenues, it’s clear that services are of growing importance to Apple’s growth.</p><p>Of course, the opportunity from services is inextricably linked to the size of its user base - things from the App store and other related services simply cannot sell well unless people are spending time on the company’s devices. But that doesn’t mean revenue from services won’t continue to outpace product sales - as demand for digital content, sold through its App Store, Apple Music and other digital content stores, is expected to hold up well in a still rapidly expanding market.</p><p>Services are a higher margin business too - Apple generated a gross margin of 71.7% from services in 2022, compared to 36.3% for device products. Looking ahead, recent price increases on Apple Music, TV+ and its One bundle will likely drive revenue growth and further margin improvement in coming quarters. These pricing changes were only announced in late October, and have yet to show up in its latest financial results.</p><p>On the downside, competition and regulatory risks, particularly those relating to its App Store, is a potential headwind. The proposed EU Digital Markets Act could force Apple to open up the distribution of apps on iOS devices.</p><p>The potential impact to Apple’s bottom line would likely be limited, however, as the proportion of users opting to purchase products from other sources is expected to be very small. As we can see from Android users, who can already install apps outside of Google’s Play Store, only a small minority of users actually choose to take advantage of the extra competition, due to network effects, security concerns and sticky behavioral patterns. This reflects a &#39;winner takes all&#39; market that demonstrates the value of scale in attracting customers and developers alike.</p><h2>Advertising &amp; Fintech</h2><p>Beyond this, Apple is looking to exploit growth in other services. It has a growing presence in the mobile advertising market - Apple Search Ads on its App Store is a relatively new entrant that has great potential. Its ads business has seen particularly strong growth, at a time when its competitors have been negatively affected by the introduction of its privacy changes last year, namely Apple’s App Tracking Transparency framework. And going forwards, there’s scope for more ad placements in more of its iOS apps, such as Music, Books, Fitness and Podcasts, as well as on its Apple TV+ streaming service.</p><p>Apple is looking at opportunities to grow in the financial technology (fintech) space too. Apple Pay, its mobile payments service, is currently its biggest success, but its ambitions do not rest there. The company partnered with Goldman Sachs to launch Apple Card in 2019, and has plans to launch Apple Pay Later - a buy now pay later (BNPL) service that directly competes with the likes of Klarna (KLAR), Affirm (AFRM) and Afterpay.</p><p>The global fintech market is projected to grow by a compound annual rate of about 25% over the next five years, and reach a market value of approximately $324 billion by 2026.</p><h2>Improving Margins</h2><p>Finally, improving margins is another reason to be bullish on Apple. The company’s industry-leading margins are a testament to the strength of its brand and its loyal customer base. It gives the company an element of revenue visibility that other businesses simply don&#39;t have.</p><p>And such is Apple&#39;s wide moat that the company enjoys strong pricing power - which continues to deliver for its gross margin. It has enabled the company to hike prices not only for services, which were discussed above, but also for its products. Higher prices for its iPhone 14 devices were seen in a number of markets outside of the US and China, as the company sought to offset FX headwinds from the stronger dollar.</p><table><tbody><tr><td><b>Gross margin</b></td><td><b>2022</b></td><td><b>2021</b></td><td><b>2020</b></td></tr><tr><td>Products</td><td>36.3%</td><td>35.3%</td><td>31.5%</td></tr><tr><td>Services</td><td>71.7%</td><td>69.7%</td><td>66.0%</td></tr><tr><td><b>Total</b></td><td><b> 43.3%</b></td><td><b> 41.8%</b></td><td><b> 38.2%</b></td></tr></tbody></table><p>Source: Apple&#39;s 2022 Annual Report</p><p>Apple’s gross margin has increased by 150 basis points over the past year, to 43.3%. This reflected stronger margins for both products and services, as well as a favorable shift in the revenue mix towards higher margin services.</p><p>Widening margins benefit Apple’s bottom line as it enables earnings growth to outpace revenue growth. This combined with the benefit of stock buybacks, which reduces Apple’s share count and further raises its earnings per share.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: 3 Compelling Reasons To Invest In 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: 3 Compelling Reasons To Invest In 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-23 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.Supply challenges caused by Covid-19 related disruptions and semiconductor ...</p>\n\n<a href=\"https://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4505":"高瓴资本持仓","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0444971666.USD":"天利全球科技基金","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4512":"苹果概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0320765059.SGD":"FTIF - 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Tactical Dividend Income A Mdis SGD-H Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4527":"明星科技股","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4574":"无人驾驶","BK4573":"虚拟现实","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293551384","content_text":"SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.Supply challenges caused by Covid-19 related disruptions and semiconductor shortages will likely ease further in 2023.Going forward, growth from services is expected to outpace product sales.Apple's industry-leading margins are a testament to the strength of its brand and its loyal customer base.Diego Thomazini/iStock Editorial via Getty ImagesLike many in the tech sector, Apple (NASDAQ:AAPL) has been affected by the more challenging macroeconomic environment in 2022. Year-to-date, investors have seen a negative total return of 24% from Apple’s stock, amid concerns about lingering supply chain disruptions and the growing risk of a hard landing for the economy in the coming year.Despite the challenges, however, Apple looks well-prepared for a comeback in 2023. And here are three compelling reasons why.End In Sight For Covid-19 Related DisruptionSupply DisruptionSupply challenges caused by Covid-19 related disruptions and an industry-wide semiconductor shortage continued to impact Apple's ability to meet customer demand for its products in 2022. More trouble could be yet to come, as Apple warned in November about lower iPhone 14 Pro and iPhone Pro Max shipments, following Covid-related labor shortages which have disrupted production at Foxconn’s main iPhone assembly facility in Zhengzhou, China.But in an effort to improve supply chain resilience, Apple is diversifying its supply chain beyond China. With more production shifting to India and Vietnam and increased procurement from the US, Taiwan and elsewhere, the company will in future be better protected from localized manufacturing risks, as well as trade and geopolitical tensions.The supply issues aren’t over yet, but the end is clearly in sight. As chip makers have ramped up production to meet demand, silicon-related supply constraints have already eased significantly during the course of the year. The supply position for iPads and MacBook Pro, which had been considerably constrained throughout most of 2021 and during the first half of 2022, has also improved significantly since then.Moreover, with China now moving away from its zero-Covid policy, pandemic-related supply disruption issues may soon finally be no more. Things might get a little worse in the short term, as rising infections temporarily exacerbate existing supply challenges and Covid-related labor shortages. In the longer term, however, the benefits will rack up - as a shift away from strict social controls and unsustainable ‘closed-loop’ manufacturing operations will eventually lead to an enduring improvement in the supply situation.Demand RecoveryThe same could be said on the demand side too. In the short term, there will be a hit to consumer spending, as people across China choose to stay at home either because they have become unwell with Covid or are trying to avoid catching the virus. After a couple of months though, a return to normality should eventually lead to higher economic activity, and in particular, increased consumer spending.We’ve seen the same pattern across the globe as other countries have abandoned their strict Covid-containment strategies and learned to live with the virus. Pent-up demand and an improvement in consumer confidence, driven by better job security and increased employment opportunities, would likely lead to a resurgence in Apple’s sales growth in China too.Demonstrating the recent depressed demand, Apple’s sales growth in Greater China, which includes Hong Kong and Taiwan, slowed to just 9% in the year to September 24, 2022, down from 70% in 2021. This was largely attributable to macro factors, as Apple extended its market share lead in its most important market - premium smartphones. In the $600-plus smartphone space, its market share rose to 70% in China in the second quarter of 2022, up from 58% in Q1, according to data from market research firm IDC.And while a recovery may only be noticeable from the second half of 2023, it’s important to remember that investor sentiment usually improves before the temporary disruption is over - as investors will likely anticipate a recovery before it actually takes place.Service Revenue OpportunityiOS Services and Apple TV+Although product sales generate a substantial majority of revenues, it’s clear that services are of growing importance to Apple’s growth.Of course, the opportunity from services is inextricably linked to the size of its user base - things from the App store and other related services simply cannot sell well unless people are spending time on the company’s devices. But that doesn’t mean revenue from services won’t continue to outpace product sales - as demand for digital content, sold through its App Store, Apple Music and other digital content stores, is expected to hold up well in a still rapidly expanding market.Services are a higher margin business too - Apple generated a gross margin of 71.7% from services in 2022, compared to 36.3% for device products. Looking ahead, recent price increases on Apple Music, TV+ and its One bundle will likely drive revenue growth and further margin improvement in coming quarters. These pricing changes were only announced in late October, and have yet to show up in its latest financial results.On the downside, competition and regulatory risks, particularly those relating to its App Store, is a potential headwind. The proposed EU Digital Markets Act could force Apple to open up the distribution of apps on iOS devices.The potential impact to Apple’s bottom line would likely be limited, however, as the proportion of users opting to purchase products from other sources is expected to be very small. As we can see from Android users, who can already install apps outside of Google’s Play Store, only a small minority of users actually choose to take advantage of the extra competition, due to network effects, security concerns and sticky behavioral patterns. This reflects a 'winner takes all' market that demonstrates the value of scale in attracting customers and developers alike.Advertising & FintechBeyond this, Apple is looking to exploit growth in other services. It has a growing presence in the mobile advertising market - Apple Search Ads on its App Store is a relatively new entrant that has great potential. Its ads business has seen particularly strong growth, at a time when its competitors have been negatively affected by the introduction of its privacy changes last year, namely Apple’s App Tracking Transparency framework. And going forwards, there’s scope for more ad placements in more of its iOS apps, such as Music, Books, Fitness and Podcasts, as well as on its Apple TV+ streaming service.Apple is looking at opportunities to grow in the financial technology (fintech) space too. Apple Pay, its mobile payments service, is currently its biggest success, but its ambitions do not rest there. The company partnered with Goldman Sachs to launch Apple Card in 2019, and has plans to launch Apple Pay Later - a buy now pay later (BNPL) service that directly competes with the likes of Klarna (KLAR), Affirm (AFRM) and Afterpay.The global fintech market is projected to grow by a compound annual rate of about 25% over the next five years, and reach a market value of approximately $324 billion by 2026.Improving MarginsFinally, improving margins is another reason to be bullish on Apple. The company’s industry-leading margins are a testament to the strength of its brand and its loyal customer base. It gives the company an element of revenue visibility that other businesses simply don't have.And such is Apple's wide moat that the company enjoys strong pricing power - which continues to deliver for its gross margin. It has enabled the company to hike prices not only for services, which were discussed above, but also for its products. Higher prices for its iPhone 14 devices were seen in a number of markets outside of the US and China, as the company sought to offset FX headwinds from the stronger dollar.Gross margin202220212020Products36.3%35.3%31.5%Services71.7%69.7%66.0%Total 43.3% 41.8% 38.2%Source: Apple's 2022 Annual ReportApple’s gross margin has increased by 150 basis points over the past year, to 43.3%. This reflected stronger margins for both products and services, as well as a favorable shift in the revenue mix towards higher margin services.Widening margins benefit Apple’s bottom line as it enables earnings growth to outpace revenue growth. This combined with the benefit of stock buybacks, which reduces Apple’s share count and further raises its earnings per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922605226,"gmtCreate":1671752220565,"gmtModify":1676538586806,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/3587030474832187\">@OPP &nbsp;</a>","listText":"<a href=\"https://ttm.financial/U/3587030474832187\">@OPP &nbsp;</a>","text":"@OPP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922605226","repostId":"2292833762","repostType":2,"repost":{"id":"2292833762","pubTimestamp":1671542415,"share":"https://ttm.financial/m/news/2292833762?lang=&edition=fundamental","pubTime":"2022-12-20 21:20","market":"hk","language":"en","title":"Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC","url":"https://stock-news.laohu8.com/highlight/detail?id=2292833762","media":"taxscan.in","summary":"Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC","content":"<div>\n<p>Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC</p>\n\n<a href=\"https://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5\">Web Link</a>\n\n</div>\n","source":"redbox_crawler","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>Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC</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; 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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\">\nLoss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-20 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5><strong>taxscan.in</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC</p>\n\n<a href=\"https://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FORD":"福沃德工业","BK4202":"服装、服饰与奢侈品"},"source_url":"https://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2292833762","content_text":"Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928153498,"gmtCreate":1671228432514,"gmtModify":1676538511780,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928153498","repostId":"1113454322","repostType":4,"repost":{"id":"1113454322","pubTimestamp":1671202950,"share":"https://ttm.financial/m/news/1113454322?lang=&edition=fundamental","pubTime":"2022-12-16 23:02","market":"us","language":"en","title":"Top Calls on Wall Street: Meta, American Airlines, Trip.com and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1113454322","media":"TheFly","summary":"Top 5 Upgrades:JPMorgan analyst Doug Anmuth upgraded Meta Platforms(META) to Overweight from Neutral","content":"<html><head></head><body><h2><b>Top 5 Upgrades:</b></h2><ul><li>JPMorgan analyst Doug Anmuth upgraded <b>Meta Platforms</b>(META) to Overweight from Neutral with a price target of $150, up from $115. The shares are down 65% year-to-date as Meta has been impacted by Apple (AAPL) privacy changes, TikTok competition, Reels headwinds, heavy hiring and expense growth, an uncertain build-out of the metaverse, and macro pressures, but some of these pressures will ease heading into 2023, Anmuth tells investors in a research note.</li><li>BTIG analyst Matthew VanVliet upgraded <b>Agilysys</b>(AGYS) to Buy from Neutral with an $83 price target. The company announced a &#34;game-changing contract win&#34; with Marriott (MAR) to deploy its property management system across U.S. and Canada luxury, premium and select service hotels over the next several years, VanVliet tells investors in a research note.</li><li>BofA analyst Vivek Arya upgraded <b>Cadence Design</b>(CDNS) and <b>Synopsys</b>(SNPS) to Buy from Neutral. His prior concerns about the impact from China restrictions on electronic design automation, or EDA, demand &#34;have proven to be overly conservative,&#34; said Arya, who notes that most U.S. restrictions were focused on the delivery of fab equipment and not EDA.</li><li>UBS analyst Wei Xiong upgraded <b>Trip.com Group</b>(TCOM) to Buy from Neutral with a price target of $41, up from $28. The recent accelerated easing of COVID controls in China, a likely faster-than-expected outbound travel recovery, and continued momentum in overseas markets provides better visibility on improving fundamentals, said Xiong, who raised 2023 and 2024 revenue and earnings estimates for Trip.com.</li><li>UBS analyst Colin Bristow upgraded <b>Sarepta</b>(SRPT) to Buy from Neutral with a price target of $158, up from $100, telling investors that he views it as &#34;highly likely&#34; that accelerated approval is granted for SRP-9001 in Duchenne muscular dystrophy, or DMD, by the PDUFA date of May 29.</li></ul><h2><b>Top 5 Downgrades:</b></h2><ul><li>BMO Capital analyst John Kim downgraded <b>Equity Residential</b>(EQR) to Underperform from Market Perform with a price target of $61, down from $70. The analyst cites the &#34;looming&#34; recession and rising unemployment for the downgrade. He says Equity Residential screens expensive and is cautious on the multifamily sector.</li><li>RBC Capital analyst Ken Herbert downgraded <b>Mercury Systems</b>(MRCY) to Sector Perform from Outperform with a price target of $54, down from $66. Heading into 2023, the defense supply chain remains a risk for Mercury, one of the most impacted by the supply chain disruptions in the group, Herbert tells investors in a research note.</li><li>JPMorgan analyst Anthony Paolone downgraded <b>AvalonBay</b>(AVB) to Underweight from Neutral with a price target of $197, down from $206. The analyst is &#34;more constructive&#34; on real estate investment trusts going into next year.</li><li>Wells Fargo analyst Elyse Greenspan downgraded <b>Prudential Financial</b>(PRU) to Underweight from Equal Weight with an unchanged price target of $101. The analyst cites relative value for the downgrade, saying Prudential&#39;s valuation has expanded relative to MetLife (MET) versus historical levels.</li><li>Morgan Stanley analyst Thomas Yeh downgraded <b>New York Times</b>(NYT) to Equal Weight from Overweight with an unchanged price target of $37. Recent underperformance in net adds lowers his confidence in capturing the long-term opportunity while growing macro headwinds for advertising revenues &#34;put 2023 expectations at risk,&#34; Yeh tells investors.</li></ul><h2><b>Top 5 Initiations:</b></h2><ul><li>Goldman Sachs analyst Catherine O&#39;Brien resumed coverage of <b>American Airlines</b>(AAL) with a Neutral rating and $13 price target. While positive on the backdrop for airlines, the analyst says the economic outlook is uncertain. In this environment, she favors stocks with &#34;idiosyncratic earnings drivers, relatively more recovery tailwinds remaining, or characteristics that reduce downside risk.&#34;</li><li>DA Davidson analyst Rudy Kessinger initiated coverage of <b>CyberArk</b>(CYBR) with a Buy rating and $175 price target. The company has a clear market leadership position in privileged access management, the most critical pillar of identity security, Kessinger tells investors in a research note.</li><li>JPMorgan analyst Brian Cheng initiated coverage of <b>Senti Bio</b>(SNTI) with a Neutral rating and no price target. Senti is a preclinical-stage biotech company leveraging modified natural killer immune cells to treat blood and solid tumors, Cheng tells investors in a research note.</li><li>UBS analyst Dennis Geiger initiated coverage of <b>Cracker Barrel</b>(CBRL) with a Neutral rating and $105 price target. Cracker Barrel&#39;s differentiated brands and enhancements to menu, off-premise, and digital highlight improvements in recent years support same-store sales growth, free cash flow generation and capital returns to shareholders, Geiger says in a research note.</li><li>Barclays analyst Ryan MacWilliams initiated coverage of <b>Atlassian</b>(TEAM) with an Equal Weight rating and $155 price target. The analyst believes the consolidation of broader developer tools is an &#34;attractive value creation opportunity for leading platform players.&#34;</li></ul></body></html>","source":"lsy1666364704704","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>Top Calls on Wall Street: Meta, American Airlines, Trip.com and More</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\">\nTop Calls on Wall Street: Meta, American Airlines, Trip.com and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-16 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3634532&headline=META;EQR;MRCY;AAL;AGYS;SNTI;SNPS;CDNS;TCOM;SRPT;AVB;PRU;CBRL;TEAM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>TheFly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:JPMorgan analyst Doug Anmuth upgraded Meta Platforms(META) to Overweight from Neutral with a price target of $150, up from $115. The shares are down 65% year-to-date as Meta has been ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3634532&headline=META;EQR;MRCY;AAL;AGYS;SNTI;SNPS;CDNS;TCOM;SRPT;AVB;PRU;CBRL;TEAM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","TCOM":"携程网","AAL":"美国航空"},"source_url":"https://thefly.com/landingPageNews.php?id=3634532&headline=META;EQR;MRCY;AAL;AGYS;SNTI;SNPS;CDNS;TCOM;SRPT;AVB;PRU;CBRL;TEAM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113454322","content_text":"Top 5 Upgrades:JPMorgan analyst Doug Anmuth upgraded Meta Platforms(META) to Overweight from Neutral with a price target of $150, up from $115. The shares are down 65% year-to-date as Meta has been impacted by Apple (AAPL) privacy changes, TikTok competition, Reels headwinds, heavy hiring and expense growth, an uncertain build-out of the metaverse, and macro pressures, but some of these pressures will ease heading into 2023, Anmuth tells investors in a research note.BTIG analyst Matthew VanVliet upgraded Agilysys(AGYS) to Buy from Neutral with an $83 price target. The company announced a \"game-changing contract win\" with Marriott (MAR) to deploy its property management system across U.S. and Canada luxury, premium and select service hotels over the next several years, VanVliet tells investors in a research note.BofA analyst Vivek Arya upgraded Cadence Design(CDNS) and Synopsys(SNPS) to Buy from Neutral. His prior concerns about the impact from China restrictions on electronic design automation, or EDA, demand \"have proven to be overly conservative,\" said Arya, who notes that most U.S. restrictions were focused on the delivery of fab equipment and not EDA.UBS analyst Wei Xiong upgraded Trip.com Group(TCOM) to Buy from Neutral with a price target of $41, up from $28. The recent accelerated easing of COVID controls in China, a likely faster-than-expected outbound travel recovery, and continued momentum in overseas markets provides better visibility on improving fundamentals, said Xiong, who raised 2023 and 2024 revenue and earnings estimates for Trip.com.UBS analyst Colin Bristow upgraded Sarepta(SRPT) to Buy from Neutral with a price target of $158, up from $100, telling investors that he views it as \"highly likely\" that accelerated approval is granted for SRP-9001 in Duchenne muscular dystrophy, or DMD, by the PDUFA date of May 29.Top 5 Downgrades:BMO Capital analyst John Kim downgraded Equity Residential(EQR) to Underperform from Market Perform with a price target of $61, down from $70. The analyst cites the \"looming\" recession and rising unemployment for the downgrade. He says Equity Residential screens expensive and is cautious on the multifamily sector.RBC Capital analyst Ken Herbert downgraded Mercury Systems(MRCY) to Sector Perform from Outperform with a price target of $54, down from $66. Heading into 2023, the defense supply chain remains a risk for Mercury, one of the most impacted by the supply chain disruptions in the group, Herbert tells investors in a research note.JPMorgan analyst Anthony Paolone downgraded AvalonBay(AVB) to Underweight from Neutral with a price target of $197, down from $206. The analyst is \"more constructive\" on real estate investment trusts going into next year.Wells Fargo analyst Elyse Greenspan downgraded Prudential Financial(PRU) to Underweight from Equal Weight with an unchanged price target of $101. The analyst cites relative value for the downgrade, saying Prudential's valuation has expanded relative to MetLife (MET) versus historical levels.Morgan Stanley analyst Thomas Yeh downgraded New York Times(NYT) to Equal Weight from Overweight with an unchanged price target of $37. Recent underperformance in net adds lowers his confidence in capturing the long-term opportunity while growing macro headwinds for advertising revenues \"put 2023 expectations at risk,\" Yeh tells investors.Top 5 Initiations:Goldman Sachs analyst Catherine O'Brien resumed coverage of American Airlines(AAL) with a Neutral rating and $13 price target. While positive on the backdrop for airlines, the analyst says the economic outlook is uncertain. In this environment, she favors stocks with \"idiosyncratic earnings drivers, relatively more recovery tailwinds remaining, or characteristics that reduce downside risk.\"DA Davidson analyst Rudy Kessinger initiated coverage of CyberArk(CYBR) with a Buy rating and $175 price target. The company has a clear market leadership position in privileged access management, the most critical pillar of identity security, Kessinger tells investors in a research note.JPMorgan analyst Brian Cheng initiated coverage of Senti Bio(SNTI) with a Neutral rating and no price target. Senti is a preclinical-stage biotech company leveraging modified natural killer immune cells to treat blood and solid tumors, Cheng tells investors in a research note.UBS analyst Dennis Geiger initiated coverage of Cracker Barrel(CBRL) with a Neutral rating and $105 price target. Cracker Barrel's differentiated brands and enhancements to menu, off-premise, and digital highlight improvements in recent years support same-store sales growth, free cash flow generation and capital returns to shareholders, Geiger says in a research note.Barclays analyst Ryan MacWilliams initiated coverage of Atlassian(TEAM) with an Equal Weight rating and $155 price target. The analyst believes the consolidation of broader developer tools is an \"attractive value creation opportunity for leading platform players.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923435362,"gmtCreate":1670892721056,"gmtModify":1676538454445,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923435362","repostId":"1138430940","repostType":4,"repost":{"id":"1138430940","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1670855943,"share":"https://ttm.financial/m/news/1138430940?lang=&edition=fundamental","pubTime":"2022-12-12 22:39","market":"us","language":"en","title":"Hot Chinese ADRs Turned Down in Morning Trading; Tuniu Slid Over 8% While Bilibili Slid Over 5%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1138430940","media":"Tiger Newspress","summary":"Hot Chinese ADRs Turned Down in Morning Trading; Tuniu Slid Over 8% While Bilibili Slid Over 5%.","content":"<html><head></head><body><p>Hot Chinese ADRs Turned Down in Morning Trading; Tuniu Slid Over 8% While Bilibili Slid Over 5%.<img src=\"https://static.tigerbbs.com/1ead9adee570274fc7db8cd156d2d0bd\" tg-width=\"247\" tg-height=\"711\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese ADRs Turned Down in Morning Trading; Tuniu Slid Over 8% While Bilibili Slid Over 5%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\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\">\nHot Chinese ADRs Turned Down in Morning Trading; Tuniu Slid Over 8% While Bilibili Slid Over 5%.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-12 22:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs Turned Down in Morning Trading; Tuniu Slid Over 8% While Bilibili Slid Over 5%.<img src=\"https://static.tigerbbs.com/1ead9adee570274fc7db8cd156d2d0bd\" tg-width=\"247\" tg-height=\"711\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138430940","content_text":"Hot Chinese ADRs Turned Down in Morning Trading; Tuniu Slid Over 8% While Bilibili Slid Over 5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923432594,"gmtCreate":1670892688718,"gmtModify":1676538454429,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9923432594","repostId":"2291737397","repostType":4,"repost":{"id":"2291737397","pubTimestamp":1670889004,"share":"https://ttm.financial/m/news/2291737397?lang=&edition=fundamental","pubTime":"2022-12-13 07:50","market":"us","language":"en","title":"JPMorgan’s Trading Desk Sees S&P Rallying Up to 10% on Soft Inflation Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2291737397","media":"Bloomberg","summary":"The most likely scenario points to a market gain of 2% to 3%Goldman says short index position is fla","content":"<html><head></head><body><ul><li>The most likely scenario points to a market gain of 2% to 3%</li><li>Goldman says short index position is flat after fueling gains</li></ul><p>With equity investors defensively positioned, a soft reading in Tuesday’s consumer price index could spark a powerful rally — with the S&amp;P 500 jumping as much as 10%. That’s the bold forecast from JPMorgan Chase &amp; Co.’s sales and trading desk.</p><p>In a scenario analysis that maps out the game plan for clients, the team including Andrew Tyler suggests that an annualized inflation print of 6.9% or lower has the potential to lift the equity benchmark between 8% and 10%. Such a move would extend the index’s surge from its October low well past 20%, marking a technical end of the 12-month bear market.</p><p>While the chances of that happening are rather slim — an event that the JPMorgan teams assigns a 5% probability, the analysis reflects a prevailing view that November’s CPI plays a key role in determining the near-term fate of the market. The data, expected to come in at 7.3% by economists, arrives just one day before the Federal Reserve’s final policy meeting of the year.</p><p>A cooler reading from the prior month triggered a 5.5% daily surge in the S&amp;P 500.</p><p>“The logic here is that not only is inflation dissipating, but its pace is accelerating,” Tyler wrote in the note. “This would give increasing confidence in projections of headline inflation falling ~3% in 2023. Further, if inflation is at 3%, irrespective of the labor market conditions, it seems unlikely that the Fed would hold the terminal rate at 5%. Any Fed pivot will rip equities.”</p><p><img src=\"https://static.tigerbbs.com/0dbb401f268a427c78ed1b1ee518b2fb\" tg-width=\"968\" tg-height=\"494\" width=\"100%\" height=\"auto\"/></p><p>The most likely scenario, the team says, is a CPI print between 7.2% to 7.4% where the S&amp;P 500 climbs by 2% to 3%.</p><p>On the flip side, any near or above the prior reading of 7.7% may spell trouble. The equity index is likely to sink as much as 5% should inflation exceed 7.8%, JPMorgan’s analysis shows.</p><p>“The CPI print has the potential to dictate market direction and magnitude until earnings kick off in mid-January,” Tyler said. “Equity positioning is less light but remains historically low; investors seem to have a view that this report comes inline or slightly dovish.”</p><p><img src=\"https://static.tigerbbs.com/fba6621c2f77c0ac31a7d4cf33559665\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>With the stock market stuck in a range trading of late, this busy week of market events is billed as the one where the S&amp;P 500 can make or break its recent chart pattern. While the index this month failed to hold above its average price over the past 200 days, a widely watched trend line, it has managed to stay above another key threshold, the 100-day average.</p><p>To Goldman Sachs Group Inc.’s Tony Pasquariello, anyone betting on a big share bounce should be aware that the extreme bearish stance that existed during the fall has lessened. Take index futures, where net positions among non-dealers reached a record short of $120 billion in September. That has shrunk after a meaningful unwinding last month, the firm’s data show.</p><p>“I don’t register this to make a bearish claim — again, the current measure is flat — it’s more to say this magnitude of demand is very unlikely to sustain itself come Q1,” Pasquariello wrote in a note over the weekend.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan’s Trading Desk Sees S&P Rallying Up to 10% on Soft Inflation Data</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\">\nJPMorgan’s Trading Desk Sees S&P Rallying Up to 10% on Soft Inflation Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-13 07:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-12/jpmorgan-s-trading-desk-sees-s-p-rallying-up-to-10-on-soft-cpi><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The most likely scenario points to a market gain of 2% to 3%Goldman says short index position is flat after fueling gainsWith equity investors defensively positioned, a soft reading in Tuesday’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-12/jpmorgan-s-trading-desk-sees-s-p-rallying-up-to-10-on-soft-cpi\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2022-12-12/jpmorgan-s-trading-desk-sees-s-p-rallying-up-to-10-on-soft-cpi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291737397","content_text":"The most likely scenario points to a market gain of 2% to 3%Goldman says short index position is flat after fueling gainsWith equity investors defensively positioned, a soft reading in Tuesday’s consumer price index could spark a powerful rally — with the S&P 500 jumping as much as 10%. That’s the bold forecast from JPMorgan Chase & Co.’s sales and trading desk.In a scenario analysis that maps out the game plan for clients, the team including Andrew Tyler suggests that an annualized inflation print of 6.9% or lower has the potential to lift the equity benchmark between 8% and 10%. Such a move would extend the index’s surge from its October low well past 20%, marking a technical end of the 12-month bear market.While the chances of that happening are rather slim — an event that the JPMorgan teams assigns a 5% probability, the analysis reflects a prevailing view that November’s CPI plays a key role in determining the near-term fate of the market. The data, expected to come in at 7.3% by economists, arrives just one day before the Federal Reserve’s final policy meeting of the year.A cooler reading from the prior month triggered a 5.5% daily surge in the S&P 500.“The logic here is that not only is inflation dissipating, but its pace is accelerating,” Tyler wrote in the note. “This would give increasing confidence in projections of headline inflation falling ~3% in 2023. Further, if inflation is at 3%, irrespective of the labor market conditions, it seems unlikely that the Fed would hold the terminal rate at 5%. Any Fed pivot will rip equities.”The most likely scenario, the team says, is a CPI print between 7.2% to 7.4% where the S&P 500 climbs by 2% to 3%.On the flip side, any near or above the prior reading of 7.7% may spell trouble. The equity index is likely to sink as much as 5% should inflation exceed 7.8%, JPMorgan’s analysis shows.“The CPI print has the potential to dictate market direction and magnitude until earnings kick off in mid-January,” Tyler said. “Equity positioning is less light but remains historically low; investors seem to have a view that this report comes inline or slightly dovish.”With the stock market stuck in a range trading of late, this busy week of market events is billed as the one where the S&P 500 can make or break its recent chart pattern. While the index this month failed to hold above its average price over the past 200 days, a widely watched trend line, it has managed to stay above another key threshold, the 100-day average.To Goldman Sachs Group Inc.’s Tony Pasquariello, anyone betting on a big share bounce should be aware that the extreme bearish stance that existed during the fall has lessened. Take index futures, where net positions among non-dealers reached a record short of $120 billion in September. That has shrunk after a meaningful unwinding last month, the firm’s data show.“I don’t register this to make a bearish claim — again, the current measure is flat — it’s more to say this magnitude of demand is very unlikely to sustain itself come Q1,” Pasquariello wrote in a note over the weekend.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923432208,"gmtCreate":1670892668104,"gmtModify":1676538454422,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Thank you","listText":"Thank you","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923432208","repostId":"2291310797","repostType":4,"repost":{"id":"2291310797","pubTimestamp":1670891021,"share":"https://ttm.financial/m/news/2291310797?lang=&edition=fundamental","pubTime":"2022-12-13 08:23","market":"us","language":"en","title":"Why Nvidia Is This Analyst’s Top Stock Pick for 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2291310797","media":"MarketWatch","summary":"Challenges over the past year ‘were just short-term distractions’Nvidia’s stock is on track for its ","content":"<html><head></head><body><p>Challenges over the past year ‘were just short-term distractions’</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5574b1e14049e46a593abe84abed47a8\" tg-width=\"700\" tg-height=\"479\" width=\"100%\" height=\"auto\"/><span>Nvidia’s stock is on track for its worst annual performance since the financial crisis, but one analyst sees upside from here.</span></p><p>Nvidia Corp.’s stock has had a rough year, shedding more than 40% so far in 2022 amid concerns about challenges in gaming and in China, as well as a large inventory write-down.</p><p>But Cowen &amp; Co. analyst Matthew Ramsay says now is the time to own the chip name. He named it his “best idea” for 2023 in a Monday note to clients.</p><p>The issues Nvidia has had over the past year “were just short-term distractions from the acute fundamental thesis: NVIDIA is the leader in accelerated compute and the key enabler for AI [artificial intelligence] across vertical industries — full stop,” Ramsay wrote.</p><p>In his view, Wall Street underappreciates a number of elements of Nvidia’s story. For one, it discounts “how early we are in AI penetration, and the ability for [Nvidia] to create new markets [and] use cases through product innovation (both hardware and software).”</p><p>Additionally, Ramsay thinks that investors aren’t giving Nvidia enough credit for its potential to keep increasing average selling prices on the back of scaling artificial-intelligence performance.</p><p>“The combination of these drives our above-consensus estimates, particularly in Datacenter,” he said.</p><p>Ramsay is upbeat about “several strong product cycles” in the year ahead. Nvidia’s “next-gen datacenter accelerator H100 is ramping<i>now</i>,” he wrote, and its ARM-based Grace central processing unit (CPU) is expected in the first half of 2023.</p><p>What’s more, the gaming business had been volatile thanks to crypto-mining demand, but Ramsay sees “early signs of channel normalization” in this area, which sets a path for “a return to growth in that business — now permanently free of crypto bangs/busts.”</p><p>Nvidia shares are ahead 0.7% in Monday afternoon trading and recently changed hands north of $171. Cowen rates the stock at outperform, with a new price target of $220, up from $200.</p><p>The stock, off nearly 42% thus far this year, is on track for its worst yearly performance since 2008, when it plunged 76%.</p><p>Other Cowen “best ideas”include Netflix, Workday, Costco and Caterpillar.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Nvidia Is This Analyst’s Top Stock Pick for 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Nvidia Is This Analyst’s Top Stock Pick for 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-13 08:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-nvidia-is-this-analysts-top-stock-pick-for-2023-11670870363?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Challenges over the past year ‘were just short-term distractions’Nvidia’s stock is on track for its worst annual performance since the financial crisis, but one analyst sees upside from here.Nvidia ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-nvidia-is-this-analysts-top-stock-pick-for-2023-11670870363?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.marketwatch.com/story/why-nvidia-is-this-analysts-top-stock-pick-for-2023-11670870363?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291310797","content_text":"Challenges over the past year ‘were just short-term distractions’Nvidia’s stock is on track for its worst annual performance since the financial crisis, but one analyst sees upside from here.Nvidia Corp.’s stock has had a rough year, shedding more than 40% so far in 2022 amid concerns about challenges in gaming and in China, as well as a large inventory write-down.But Cowen & Co. analyst Matthew Ramsay says now is the time to own the chip name. He named it his “best idea” for 2023 in a Monday note to clients.The issues Nvidia has had over the past year “were just short-term distractions from the acute fundamental thesis: NVIDIA is the leader in accelerated compute and the key enabler for AI [artificial intelligence] across vertical industries — full stop,” Ramsay wrote.In his view, Wall Street underappreciates a number of elements of Nvidia’s story. For one, it discounts “how early we are in AI penetration, and the ability for [Nvidia] to create new markets [and] use cases through product innovation (both hardware and software).”Additionally, Ramsay thinks that investors aren’t giving Nvidia enough credit for its potential to keep increasing average selling prices on the back of scaling artificial-intelligence performance.“The combination of these drives our above-consensus estimates, particularly in Datacenter,” he said.Ramsay is upbeat about “several strong product cycles” in the year ahead. Nvidia’s “next-gen datacenter accelerator H100 is rampingnow,” he wrote, and its ARM-based Grace central processing unit (CPU) is expected in the first half of 2023.What’s more, the gaming business had been volatile thanks to crypto-mining demand, but Ramsay sees “early signs of channel normalization” in this area, which sets a path for “a return to growth in that business — now permanently free of crypto bangs/busts.”Nvidia shares are ahead 0.7% in Monday afternoon trading and recently changed hands north of $171. Cowen rates the stock at outperform, with a new price target of $220, up from $200.The stock, off nearly 42% thus far this year, is on track for its worst yearly performance since 2008, when it plunged 76%.Other Cowen “best ideas”include Netflix, Workday, Costco and Caterpillar.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965843486,"gmtCreate":1669939186045,"gmtModify":1676538273073,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580689210488653","idStr":"3580689210488653"},"themes":[],"htmlText":"Cool...","listText":"Cool...","text":"Cool...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965843486","repostId":"2288985598","repostType":4,"repost":{"id":"2288985598","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1669935750,"share":"https://ttm.financial/m/news/2288985598?lang=&edition=fundamental","pubTime":"2022-12-02 07:02","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow","url":"https://stock-news.laohu8.com/highlight/detail?id=2288985598","media":"Reuters","summary":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufact","content":"<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</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>US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow</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\">\nUS STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-02 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288985598","content_text":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufacturing shrinks for first time in 2-1/2 years in NovDec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve's interest rate hikes are working.On Wednesday, the S&P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed's rate hikes have cooled the economy.The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.\"On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it's not quite good enough to push another leg higher,\" said Ross Mayfield, an investment strategy analyst at Baird.Wednesday's rally drove the S&P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.According to preliminary data, the S&P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.With a month left in 2022, the S&P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)","news_type":1},"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":270256077877496,"gmtCreate":1706989619435,"gmtModify":1706989624703,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Congratulations to all winners!","listText":"Congratulations to all winners!","text":"Congratulations to all winners!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/270256077877496","isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942695901,"gmtCreate":1681202249904,"gmtModify":1681202253662,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942695901","repostId":"1136846630","repostType":2,"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943391762,"gmtCreate":1679101315357,"gmtModify":1679101319213,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943391762","repostId":"2320584107","repostType":2,"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033058805,"gmtCreate":1646173030985,"gmtModify":1676534097259,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Nice...","listText":"Nice...","text":"Nice...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033058805","repostId":"1174986323","repostType":4,"repost":{"id":"1174986323","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646147021,"share":"https://ttm.financial/m/news/1174986323?lang=&edition=fundamental","pubTime":"2022-03-01 23:03","market":"us","language":"en","title":"TSMC Shares Bucked the Trend and Rose 3% in Early Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1174986323","media":"Tiger Newspress","summary":"TSMC shares bucked the trend and rose 3% in early trading.","content":"<html><head></head><body><p>TSMC shares bucked the trend and rose 3% in early trading.</p><p><img src=\"https://static.tigerbbs.com/ec719039e88adba7b6a1d3f0d3998115\" tg-width=\"843\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Shares Bucked the Trend and Rose 3% in Early Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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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\">\nTSMC Shares Bucked the Trend and Rose 3% in Early Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-01 23:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>TSMC shares bucked the trend and rose 3% in early trading.</p><p><img src=\"https://static.tigerbbs.com/ec719039e88adba7b6a1d3f0d3998115\" tg-width=\"843\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174986323","content_text":"TSMC shares bucked the trend and rose 3% in early trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943398009,"gmtCreate":1679101335102,"gmtModify":1679101338787,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943398009","repostId":"1128249733","repostType":2,"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9046276126,"gmtCreate":1656369833165,"gmtModify":1676535812887,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C\">$Citigroup(C)$</a>Is this a good time to buy?","listText":"<a href=\"https://ttm.financial/S/C\">$Citigroup(C)$</a>Is this a good time to buy?","text":"$Citigroup(C)$Is this a good time to buy?","images":[{"img":"https://community-static.tradeup.com/news/e2dc72dce80909c408444f1770f693b3","width":"1080","height":"2267"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046276126","isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4094168130074880","authorId":"4094168130074880","name":"Flochin","avatar":"https://static.tigerbbs.com/2e824b43138b0aa530164b5433a5564b","crmLevel":8,"crmLevelSwitch":1,"idStr":"4094168130074880","authorIdStr":"4094168130074880"},"content":"I sold 1 Jul15 $46 put for $1.03. That means if share falls below $46 from now till Jul 15, I pick up the shares @$46. My cost would be $46-1=$45. If it doesn’t, I keep the $1 as my profit.","text":"I sold 1 Jul15 $46 put for $1.03. That means if share falls below $46 from now till Jul 15, I pick up the shares @$46. My cost would be $46-1=$45. If it doesn’t, I keep the $1 as my profit.","html":"I sold 1 Jul15 $46 put for $1.03. That means if share falls below $46 from now till Jul 15, I pick up the shares @$46. My cost would be $46-1=$45. If it doesn’t, I keep the $1 as my profit."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9033482250,"gmtCreate":1646347671510,"gmtModify":1676534118975,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Hang in there! Brighter days ahead...","listText":"Hang in there! Brighter days ahead...","text":"Hang in there! Brighter days ahead...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033482250","repostId":"1192357642","repostType":4,"repost":{"id":"1192357642","pubTimestamp":1646274599,"share":"https://ttm.financial/m/news/1192357642?lang=&edition=fundamental","pubTime":"2022-03-03 10:29","market":"us","language":"en","title":"Sea Ltd.: It's Not Growth At All Costs - Buy On Market Overreaction","url":"https://stock-news.laohu8.com/highlight/detail?id=1192357642","media":"seekingalpha","summary":"SummarySea Limited posted a decent FQ4 card. However, the market was disappointed with Garena's FY22","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Sea Limited posted a decent FQ4 card. However, the market was disappointed with Garena&#39;s FY22 guidance.</li><li>But, these investors may have also missed out on management&#39;s commentary on its path towards profitability. It&#39;s getting closer.</li><li>We discuss why investors should add SE stock given the market&#39;s overreaction over Garena&#39;s numbers.</li></ul><p><b>Investment Thesis</b></p><p>Sea Limited (SE) reported its FQ4 earnings card yesterday. Unfortunately, what seemed like a decent card with robust e-commerce and FinTech momentum was overshadowed by its FY22 guidance.</p><p>Sea guided Garena bookings to decline to $3B (midpoint) in FY22, from $4.6B in FY21. It represented a marked 34.8% YoY drop. Sea attributed it mainly to growth normalization trends from post-pandemic reopenings. It also highlighted the uncertainty caused by the recent Free Fire ban by the Indian regulators on &#34;security concerns&#34; linked to China.</p><p>Nevertheless, the company also unveiled notable commentary on its path to profitability for its Shopee e-commerce and its SeaMoney FinTech segment. Investors had been concerned whether Shopee would continue to burn cash &#34;unsustainably&#34; in its bid to gain market leadership. Furthermore, the company also discussed in detail Shopee&#39;s robust momentum in Brazil for the first time. Previously, Sea has been reticent to share insights on its foray into MercadoLibre&#39;s (MELI) most prized geographical market. But, Shopee&#39;s nascent gains demonstrated that Sea has a viable and formidable market penetration strategy even when facing a dominant incumbent like MercadoLibre.</p><p>Therefore, Sea was reminding investors that it&#39;s still growing fast and is achieving self-sustainability in its core markets. We discuss why investors should capitalize on the market overreaction to add exposure now.</p><p><b>SE Stock Key Metrics</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8060ec5fd4c3d25e5b11325d8b7c0bb\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"/><span>SE stock valuation metrics(TIKR)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3a6e0f82c6549f6b114aa47a9b4e4ccd\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"/><span>SE stock consensus price targets Vs. stock performance(TIKR)</span></p><p>SE stock has been marked down significantly from its all-time high of $372 in October. Notably, Sea investors have experienced a significant collapse in its stock price, as it lost 66% of its value over the last three months. Beset by the reopening headwinds,Tencent&#39;s(OTCPK:TCEHY)divestment, and its recent India ban, early SE investors seemed to have cashed in on their gains rapidly.</p><p>But, we think the steep sell-off has also presented long-term investors with a significant opportunity to add exposure. SE stock is trading at less than 5x NTM Revenue (5Y mean: 8.5x). Nevertheless, its weak FCF yield demonstrates that Sea Limited has not been calibrated for FCF profitability yet. But, the company has also indicated a viable path towards profitability in 2022 for its core markets. Therefore, we think its profitability guidance is material and highlights the strength of Sea&#39;s long-term execution prowess.</p><p>Nevertheless, we agree that the consensus estimates and price targets (PTs) have been too optimistic. Sea wasn&#39;t affected by the reopenings headwinds initially as its core markets have not accelerated their reopening cadence. However, the accelerated reopenings in Q4&#39;21 resulted in significant headwinds on Garena&#39;s growth and profitability. As a result, the market has been spot on while the average and conservative PTs have gotten it wrong recently. Given the decline in Garena&#39;s growth and profitability, we expect SE stock&#39;s PTs to be further revised downwards in the near term.</p><p><b>Where is Sea Limited Heading in 2022?</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c23ba6633636b5ca1b8241ae1433387\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>Garena Bookings(Company filings)</span></p><p>The focus on Sea Limited was obviously on Garena. Garena reported an underwhelming FQ4, in which it posted Bookings of $1.1B. Moreover, while its full-year Bookings of $4.6B were up 44.3% YoY, it guided for just $3B (midpoint) in Bookings for FY22. Therefore, it represented a significant and unexpected decline of 34.8%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa500da440de10312b22fc5d9c4ca6d8\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>Garena adjusted EBITDA share of Bookings %(Company filings)</span></p><p>Furthermore, Garena&#39;s adjusted EBITDA margins (share of Bookings) have also been trending downwards. Therefore, Garena has certainly been hit by weaker overall engagement, which has also significantly impacted monetization. As a result, Garena reported 54.8% in adjusted EBITDA margin in FQ4 compared to 65.5% in the previous year. Therefore, investors were justifiably concerned whether Sea Limited can still support its high-growth Shopee machine as its main cash cow slows down considerably moving forward.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/523e57ebd49bac780a0e0f586be7c356\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>Shopee GMV(Company filings)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8578996523bc88fc20b2e45734b50b92\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>Shopee take rate %(Company filings)</span></p><p>But, when we thought all hope was lost, Shopee came along to save the day this time. Why? Even though we have witnessed a sharp decline in e-commerce growth in the US, the growth in Shopee&#39;s core e-commerce markets remains robust. Furthermore, it is also making significant headway in LatAm, particularly in Brazil, where it has garnered significant traction. As a result, Shopee posted $18.2B in gross merchandise value (GMV) in FQ4, up 52.9% YoY. Notably, the company has also been raising its take rate considerably as it gains market leadership. It has become the #1 shopping app across most of its core markets. Therefore, Shopee is now ready to monetize for profitability. And, we think that&#39;s awesome news! CEO Forrest Li emphasized (edited):</p><blockquote><i>We currently expect Shopee to achieve positive adjusted EBITDA</i>before HQ costs allocation in Southeast Asia and Taiwan by 2022 and SeaMoney to achieve positive cash flow by 2023. As a result, we believe that by 2025, cash generated by Shopee and SeaMoney collectively<i>will enable these two businesses to substantially self-fund their long-term growth</i>. We are also very excited to see<i>Shopee fast gaining traction in Brazil</i>. Just two years after entering the market, Shopee Brazil recorded more than 140M gross orders in FQ4, growing at close to 400% YoY. (Sea Limited&#39;s FQ4&#39;21 earnings call)</blockquote><p>We think that&#39;s a significant development. Notably, Brazil&#39;s contribution towards Shopee&#39;s topline is less than 5%. Therefore, the company can channel its resources to compete more effectively and gain share in Brazil.In a previous MercadoLibre article, we also shared that LatAm is a fascinating region because of its high take rates. We emphasized: &#34;Readers can easily observe the incredible monetization opportunities that are available in LatAm, and we can easily understand why Sea Limited is so keen to carve out MercadoLibre&#39;s leadership there because it&#39;s just so attractive.&#34;</p><p>Notably, management also took the opportunity to add more color on its progress and strategy in Brazil. Group Chief Corporate Officer Yanjun Wang articulated (edited):</p><blockquote>And another growth area that we focus on is Brazil. We also shared that when we enter into the market, we focus first on user growth and then order growth and then market leadership and positive unit economics over time with scale. Now when you look at Southeast Asia and Taiwan, we&#39;re probably the first large e-commerce player to show profitability in this region.<i>But in Lat Am, all the existing major players are quite profitable. So the profitability model for the LatAm market is highly proven</i>. (Sea Limited)</blockquote><p><b>Is SE Stock A Buy, Sell, Or Hold?</b></p><p>There&#39;s no doubt that SE Stock could still be in the penalty box as investors could wait for a quarter or two to observe its execution towards profitability. It&#39;s a significant change in its execution, coupled with the moderation in Garena&#39;s growth. Therefore, there&#39;s still an element of execution risk that some investors could be concerned with.</p><p>However, we see it differently. With the stock trading at less than 5x NTM revenue and moving closer towards profitability, the outlook is looking more favorable for long-term investors. If you can tolerate near-term volatility, we encourage you to capitalize on the market&#39;s overreaction and add SE stock.</p><p>Therefore,<i>we reiterate our Buy rating on SE stock</i>.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Ltd.: It's Not Growth At All Costs - Buy On Market Overreaction</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\">\nSea Ltd.: It's Not Growth At All Costs - Buy On Market Overreaction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 10:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4492126-sea-earnings-buy-stock-on-market-overreaction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited posted a decent FQ4 card. However, the market was disappointed with Garena's FY22 guidance.But, these investors may have also missed out on management's commentary on its path ...</p>\n\n<a href=\"https://seekingalpha.com/article/4492126-sea-earnings-buy-stock-on-market-overreaction\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4492126-sea-earnings-buy-stock-on-market-overreaction","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1192357642","content_text":"SummarySea Limited posted a decent FQ4 card. However, the market was disappointed with Garena's FY22 guidance.But, these investors may have also missed out on management's commentary on its path towards profitability. It's getting closer.We discuss why investors should add SE stock given the market's overreaction over Garena's numbers.Investment ThesisSea Limited (SE) reported its FQ4 earnings card yesterday. Unfortunately, what seemed like a decent card with robust e-commerce and FinTech momentum was overshadowed by its FY22 guidance.Sea guided Garena bookings to decline to $3B (midpoint) in FY22, from $4.6B in FY21. It represented a marked 34.8% YoY drop. Sea attributed it mainly to growth normalization trends from post-pandemic reopenings. It also highlighted the uncertainty caused by the recent Free Fire ban by the Indian regulators on \"security concerns\" linked to China.Nevertheless, the company also unveiled notable commentary on its path to profitability for its Shopee e-commerce and its SeaMoney FinTech segment. Investors had been concerned whether Shopee would continue to burn cash \"unsustainably\" in its bid to gain market leadership. Furthermore, the company also discussed in detail Shopee's robust momentum in Brazil for the first time. Previously, Sea has been reticent to share insights on its foray into MercadoLibre's (MELI) most prized geographical market. But, Shopee's nascent gains demonstrated that Sea has a viable and formidable market penetration strategy even when facing a dominant incumbent like MercadoLibre.Therefore, Sea was reminding investors that it's still growing fast and is achieving self-sustainability in its core markets. We discuss why investors should capitalize on the market overreaction to add exposure now.SE Stock Key MetricsSE stock valuation metrics(TIKR)SE stock consensus price targets Vs. stock performance(TIKR)SE stock has been marked down significantly from its all-time high of $372 in October. Notably, Sea investors have experienced a significant collapse in its stock price, as it lost 66% of its value over the last three months. Beset by the reopening headwinds,Tencent's(OTCPK:TCEHY)divestment, and its recent India ban, early SE investors seemed to have cashed in on their gains rapidly.But, we think the steep sell-off has also presented long-term investors with a significant opportunity to add exposure. SE stock is trading at less than 5x NTM Revenue (5Y mean: 8.5x). Nevertheless, its weak FCF yield demonstrates that Sea Limited has not been calibrated for FCF profitability yet. But, the company has also indicated a viable path towards profitability in 2022 for its core markets. Therefore, we think its profitability guidance is material and highlights the strength of Sea's long-term execution prowess.Nevertheless, we agree that the consensus estimates and price targets (PTs) have been too optimistic. Sea wasn't affected by the reopenings headwinds initially as its core markets have not accelerated their reopening cadence. However, the accelerated reopenings in Q4'21 resulted in significant headwinds on Garena's growth and profitability. As a result, the market has been spot on while the average and conservative PTs have gotten it wrong recently. Given the decline in Garena's growth and profitability, we expect SE stock's PTs to be further revised downwards in the near term.Where is Sea Limited Heading in 2022?Garena Bookings(Company filings)The focus on Sea Limited was obviously on Garena. Garena reported an underwhelming FQ4, in which it posted Bookings of $1.1B. Moreover, while its full-year Bookings of $4.6B were up 44.3% YoY, it guided for just $3B (midpoint) in Bookings for FY22. Therefore, it represented a significant and unexpected decline of 34.8%.Garena adjusted EBITDA share of Bookings %(Company filings)Furthermore, Garena's adjusted EBITDA margins (share of Bookings) have also been trending downwards. Therefore, Garena has certainly been hit by weaker overall engagement, which has also significantly impacted monetization. As a result, Garena reported 54.8% in adjusted EBITDA margin in FQ4 compared to 65.5% in the previous year. Therefore, investors were justifiably concerned whether Sea Limited can still support its high-growth Shopee machine as its main cash cow slows down considerably moving forward.Shopee GMV(Company filings)Shopee take rate %(Company filings)But, when we thought all hope was lost, Shopee came along to save the day this time. Why? Even though we have witnessed a sharp decline in e-commerce growth in the US, the growth in Shopee's core e-commerce markets remains robust. Furthermore, it is also making significant headway in LatAm, particularly in Brazil, where it has garnered significant traction. As a result, Shopee posted $18.2B in gross merchandise value (GMV) in FQ4, up 52.9% YoY. Notably, the company has also been raising its take rate considerably as it gains market leadership. It has become the #1 shopping app across most of its core markets. Therefore, Shopee is now ready to monetize for profitability. And, we think that's awesome news! CEO Forrest Li emphasized (edited):We currently expect Shopee to achieve positive adjusted EBITDAbefore HQ costs allocation in Southeast Asia and Taiwan by 2022 and SeaMoney to achieve positive cash flow by 2023. As a result, we believe that by 2025, cash generated by Shopee and SeaMoney collectivelywill enable these two businesses to substantially self-fund their long-term growth. We are also very excited to seeShopee fast gaining traction in Brazil. Just two years after entering the market, Shopee Brazil recorded more than 140M gross orders in FQ4, growing at close to 400% YoY. (Sea Limited's FQ4'21 earnings call)We think that's a significant development. Notably, Brazil's contribution towards Shopee's topline is less than 5%. Therefore, the company can channel its resources to compete more effectively and gain share in Brazil.In a previous MercadoLibre article, we also shared that LatAm is a fascinating region because of its high take rates. We emphasized: \"Readers can easily observe the incredible monetization opportunities that are available in LatAm, and we can easily understand why Sea Limited is so keen to carve out MercadoLibre's leadership there because it's just so attractive.\"Notably, management also took the opportunity to add more color on its progress and strategy in Brazil. Group Chief Corporate Officer Yanjun Wang articulated (edited):And another growth area that we focus on is Brazil. We also shared that when we enter into the market, we focus first on user growth and then order growth and then market leadership and positive unit economics over time with scale. Now when you look at Southeast Asia and Taiwan, we're probably the first large e-commerce player to show profitability in this region.But in Lat Am, all the existing major players are quite profitable. So the profitability model for the LatAm market is highly proven. (Sea Limited)Is SE Stock A Buy, Sell, Or Hold?There's no doubt that SE Stock could still be in the penalty box as investors could wait for a quarter or two to observe its execution towards profitability. It's a significant change in its execution, coupled with the moderation in Garena's growth. Therefore, there's still an element of execution risk that some investors could be concerned with.However, we see it differently. With the stock trading at less than 5x NTM revenue and moving closer towards profitability, the outlook is looking more favorable for long-term investors. If you can tolerate near-term volatility, we encourage you to capitalize on the market's overreaction and add SE stock.Therefore,we reiterate our Buy rating on SE stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001545123,"gmtCreate":1641287795359,"gmtModify":1676533593269,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Great news...","listText":"Great news...","text":"Great news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001545123","repostId":"1156511669","repostType":2,"repost":{"id":"1156511669","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1641287811,"share":"https://ttm.financial/m/news/1156511669?lang=&edition=fundamental","pubTime":"2022-01-04 17:16","market":"us","language":"en","title":"Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power","url":"https://stock-news.laohu8.com/highlight/detail?id=1156511669","media":"Tiger Newspress","summary":"Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting pow","content":"<html><head></head><body><p>Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.<img src=\"https://static.tigerbbs.com/72f4eb10e6f6b04ab5594f04bfaf7866\" tg-width=\"773\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/>It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.</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>Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power</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; 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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\">\nSea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-04 17:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.<img src=\"https://static.tigerbbs.com/72f4eb10e6f6b04ab5594f04bfaf7866\" tg-width=\"773\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/>It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156511669","content_text":"Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895495345,"gmtCreate":1628763215087,"gmtModify":1676529846111,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Hurray!","listText":"Hurray!","text":"Hurray!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/895495345","repostId":"2158256229","repostType":4,"repost":{"id":"2158256229","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628762054,"share":"https://ttm.financial/m/news/2158256229?lang=&edition=fundamental","pubTime":"2021-08-12 17:54","market":"us","language":"en","title":"Baidu revenue tops estimates on ad sales rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=2158256229","media":"Reuters","summary":"(Reuters) -China's Baidu Inc reported quarterly revenue above Wall Street estimates on Thursday, buo","content":"<p>(Reuters) -China's Baidu Inc reported quarterly revenue above Wall Street estimates on Thursday, buoyed by a rebound in advertising sales and higher demand for its artificial intelligence and cloud products.</p>\n<p>Baidu also said Chief Financial Officer (CFO) Herman Yu has been appointed as the company's chief strategy officer and will continue to serve as CFO until a successor is appointed.</p>\n<p>Demand for the company's rapidly growing autonomous driving service and artificial intelligence-powered cloud products has helped diversify its revenue sources and offset competition from giants like Alibaba and ByteDance in its core search platform.</p>\n<p>The company, also known as China's Google, said total revenue rose to 31.35 billion yuan ($4.84 billion) from 26.03 billion yuan in the second quarter ended June 30, topping analysts' average estimate of 30.96 billion yuan, according to IBES data from Refinitiv.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu revenue tops estimates on ad sales rebound</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\">\nBaidu revenue tops estimates on ad sales rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-12 17:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) -China's Baidu Inc reported quarterly revenue above Wall Street estimates on Thursday, buoyed by a rebound in advertising sales and higher demand for its artificial intelligence and cloud products.</p>\n<p>Baidu also said Chief Financial Officer (CFO) Herman Yu has been appointed as the company's chief strategy officer and will continue to serve as CFO until a successor is appointed.</p>\n<p>Demand for the company's rapidly growing autonomous driving service and artificial intelligence-powered cloud products has helped diversify its revenue sources and offset competition from giants like Alibaba and ByteDance in its core search platform.</p>\n<p>The company, also known as China's Google, said total revenue rose to 31.35 billion yuan ($4.84 billion) from 26.03 billion yuan in the second quarter ended June 30, topping analysts' average estimate of 30.96 billion yuan, according to IBES data from Refinitiv.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158256229","content_text":"(Reuters) -China's Baidu Inc reported quarterly revenue above Wall Street estimates on Thursday, buoyed by a rebound in advertising sales and higher demand for its artificial intelligence and cloud products.\nBaidu also said Chief Financial Officer (CFO) Herman Yu has been appointed as the company's chief strategy officer and will continue to serve as CFO until a successor is appointed.\nDemand for the company's rapidly growing autonomous driving service and artificial intelligence-powered cloud products has helped diversify its revenue sources and offset competition from giants like Alibaba and ByteDance in its core search platform.\nThe company, also known as China's Google, said total revenue rose to 31.35 billion yuan ($4.84 billion) from 26.03 billion yuan in the second quarter ended June 30, topping analysts' average estimate of 30.96 billion yuan, according to IBES data from Refinitiv.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051353509,"gmtCreate":1654647246401,"gmtModify":1676535483940,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SIGA\">$SIGA Technologies Inc.(SIGA)$</a>Time to buy???","listText":"<a href=\"https://ttm.financial/S/SIGA\">$SIGA Technologies Inc.(SIGA)$</a>Time to buy???","text":"$SIGA Technologies Inc.(SIGA)$Time to buy???","images":[{"img":"https://community-static.tradeup.com/news/0cc5652da1657e0026ea8b7bfb0debc3","width":"1080","height":"2267"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051353509","isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4105448386407270","authorId":"4105448386407270","name":"Juliannn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"idStr":"4105448386407270","authorIdStr":"4105448386407270"},"content":"Should be another day of bullish. Aiming for $13","text":"Should be another day of bullish. Aiming for $13","html":"Should be another day of bullish. Aiming for $13"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9019060386,"gmtCreate":1648505464234,"gmtModify":1676534345071,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Buy and hold...","listText":"Buy and hold...","text":"Buy and hold...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019060386","repostId":"2222854767","repostType":4,"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033058465,"gmtCreate":1646173096711,"gmtModify":1676534097274,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Not good.... maybe it's time to buy and hold","listText":"Not good.... maybe it's time to buy and hold","text":"Not good.... maybe it's time to buy and hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033058465","repostId":"1116744128","repostType":4,"repost":{"id":"1116744128","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646146036,"share":"https://ttm.financial/m/news/1116744128?lang=&edition=fundamental","pubTime":"2022-03-01 22:47","market":"us","language":"en","title":"Sea Shares Fell More Than 8% in Early Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1116744128","media":"Tiger Newspress","summary":"Sea shares fell more than 8% in early trading.Sea reported quarterly losses of $(0.88) per share whi","content":"<html><head></head><body><p>Sea shares fell more than 8% in early trading.</p><p>Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.</p><p><img src=\"https://static.tigerbbs.com/3be639e7da1df7759f25945e56f925e8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Shares Fell More Than 8% in Early Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Shares Fell More Than 8% in Early Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-01 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea shares fell more than 8% in early trading.</p><p>Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.</p><p><img src=\"https://static.tigerbbs.com/3be639e7da1df7759f25945e56f925e8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116744128","content_text":"Sea shares fell more than 8% in early trading.Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002569543,"gmtCreate":1642041842121,"gmtModify":1676533675275,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Thank you for the information!","listText":"Thank you for the information!","text":"Thank you for the information!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002569543","repostId":"1104656045","repostType":4,"repost":{"id":"1104656045","pubTimestamp":1642041074,"share":"https://ttm.financial/m/news/1104656045?lang=&edition=fundamental","pubTime":"2022-01-13 10:31","market":"us","language":"en","title":"7 Best Metaverse Stocks For 2022 - Our Top Pick, Microsoft, Is Much More","url":"https://stock-news.laohu8.com/highlight/detail?id=1104656045","media":"Seeking Alpha","summary":"What Are Metaverse Stocks?The Metaverse is a virtual world where users interact with each other and ","content":"<html><head></head><body><p>What Are Metaverse Stocks?</p><p>The Metaverse is a virtual world where users interact with each other and the virtual environment, typically using avatars. The interactions can be for business, social, or gaming. Metaverse stocks run the gambit. Some are pure plays, that is, companies who do nothing but the metaverse. Others are software companies that already have successful businesses but may benefit from a new revenue stream. Hardware companies can also be metaverse stocks. In many instances, the metaverse requires the use of augmented reality (AR) or virtual reality (VR) headsets. Several growth stocks benefit from the metaverse movement, while other metaverse stocks are already members of the Big Tech universe with storied histories looking to capitalize on new technology.</p><p>How Did Metaverse Stocks Perform In 2021?</p><p>Metaverse stocks were mixed in 2021, with some of the stocks mentioned in this article outperforming the S&amp;P 500 and some not. NVIDIA (NVDA) was the big winner, rising over 125% in calendar 2021. Meta Platforms (FB), formerly Facebook, rose only 23% after being hammered by whistle-blower testimony and other concerns.</p><p>Also of note, hot growth names Roblox (RBLX), Unity Software (U), and Matterport (MTTR) were up considerably in late 2021 but fell substantially heading into 2022. The selling pressure has continued in 2022 as growth stocks have fallen out of favor due to macroeconomic conditions. Graphed below is their performance so far in the new year.</p><p>Metaverse Stocks To Watch In 2022</p><p><b>Roblox</b></p><p>Roblox was a huge story in 2020 and 2021. User growth exploded during the pandemic, as did revenue. Roblox is an online metaverse gaming platform where users can play and create games for free. The company makes most of its revenue from selling in-game &#34;Robux,&#34; which allows users to enhance their experience.</p><p>Roblox needs to prove that it is not just a &#34;pandemic stock&#34; by continuing to grow its user base and translate this to the bottom line. Its revenue is increasing steadily; however, this has not translated to operating profits. The company is generating ample cash from operations.</p><p>There were some encouraging results in Q3 2021 as well. Daily active users (DAUs) continued to increase, reaching 47.3 million. A colossal figure when compared to the 19.1 million in Q4 2019. Q4 2019 was the last quarter prior to the pandemic in the U.S. The hours that users were engaged also increased in Q3 by 28% year-over-year (YOY).</p><p>The valuation is a serious concern. The stock trades at over 20 times sales even after the pandemic sales boost and the recent drop in share price. Current macroeconomic conditions are unfavorable to growth stocks, and Roblox could have further to fall.</p><p><b>Unity Software</b></p><p>Unity Software provides creators with a platform to develop 2D and 3D content for a wide range of devices, including mobile phones, PCs, and AR and VR systems. The beauty of Unity is that content created using the software can be used across many different platforms. Unity has potential far beyond gaming as well.</p><p>Unity stock exploded during 2021, but has come down significantly from its highs. It currently trades well over 40% off its 52-week high price of $210. The current downward pressure is intense, as can be seen below.</p><p>Unity has an excellent gross margin that has come in at 79% and 78% for Q2 2021 and Q3 2021, respectively. The company has also been growing revenues significantly. Revenue rose 43% YOY in Q3 2021 after growing over 48% YOY in Q2 2021.</p><p>Unity currently trades at over 30 times forward sales, so, like Roblox, the selling pressure could continue in the near term.</p><p><b>NVIDIA</b></p><p>NVIDIA is a &#34;picks and shovels&#34; play on the metaverse. Its chips will be used to power the metaverse platforms that are created. The company has also used CES as a platform to announce the free availability of itsOmniverse softwarewhich provides the &#34;plumbing&#34; on which metaverses can be built.</p><blockquote>More than 70,000 individual creators have downloaded Omniverse. Since the open beta launch in December. There are approximately 40 million 3D designers in the global market.</blockquote><blockquote>Our vision for Omniverse came to life at GTC. We significantly expanded its ecosystem and announced new capabilities. Omniverse Replicator is an engine for producing data to train robots. Replicator augments real-world data with massive, diverse, and physically accurate synthetic datasets to help accelerate the development of high-quality, high-performance AI across computing demands. NVIDIA Omniverse Avatar is our platform for generating interactive AI avatars that connect several core NVIDIA SDKs including speech AI, computer vision, natural language understanding, recommendation engines, and simulation.</blockquote><blockquote>-Colette Kress, EVP, CFO on fiscal Q3 2021 earnings call.</blockquote><p>NVIDIA is much more than a metaverse stock. The company is a highly-profitable juggernaut that had a terrific 2021. It now trades a little over 20% off its 52-week high. Revenue for fiscal Q3 came in at $7.1 billion, a full 50% over the same period in 2020. Operating income came in at $2.7 billion, as shown below.</p><p>Revenue growth has significantly accelerated in recent periods, catching the attention of investors. The stock now trades at a forward P/S ratio over 26 and a non-GAAP forward P/E of 65.</p><p><b>Matterport</b></p><p>Matterport is another interesting play on the metaverse. This company takes physical assets and digitizes them. The digitization can then be used for design, operations, or other visualization purposes. Real estate, retail, hospitality, and construction are common industries that benefit. The company reports 439,000 subscribers and $111 million in annualized revenues. The stock reached a high of over $37.00 in late 2021 but now trades 58% down from its high.</p><p>The company went public via SPAC merger in July of 2021 and caution is warranted.</p><p><b>Meta Platforms</b></p><p>Meta believes in the metaverse so much that it changed its iconic name, Facebook, earlier this year. Meta believes that the future of social media, the natural evolution, is into the metaverse. To this end, it has availed the Oculus VR headsets, including the Rift and Quest lines, and is planning much more.</p><blockquote>The metaverse is the next evolution of social connection. Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future.</blockquote><blockquote>3D spaces in the metaverse will let you socialize, learn, collaborate and play in ways that go beyond what we can imagine.</blockquote><blockquote>-Meta Platforms</blockquote><p>Meta was mired in controversy during 2021 when a whistle-blower testified before congress. The stock was hurt, but it still finished up for the year. Despite the noise, Meta&#39;s revenues and operating income have been solid in 2021 and are running well ahead of 2020 numbers.</p><p>Look for Meta to have a terrific Q4 on strong advertising figures. The company is trading at a very reasonable forward P/E under 24.</p><p><b>Apple</b></p><p>Apple (AAPL) is another company looking to the metaverse to enhance its already incredible results. Rumor has it that the company is set to launch its AR/VR headset sometime in 2022, with a lighter, sleeker upgrade to follow in 2024. The potential here is massive, considering the company&#39;s 1 billion iPhone users are its prime customer base.</p><p>The thought of an additional revenue stream alongside the iPhone, Mac, and iPad has investors salivating and briefly pushed the company&#39;s valuation over $3 trillion. Apple&#39;s results for fiscal 2021 were stellar. Revenues rose 33% to $365.8 billion, while operating income rose 64% to $108.9 billion. Likewise, diluted EPS were up 71% to $5.61. EPS increased faster than operating revenue thanks to the company&#39;s robust share buyback program. As shown below, the company bought back $85 billion in stock during fiscal 2021, which amounts to almost 3% of the current market cap. The company also pays a small quarterly dividend of $0.22. The buybacks are advantageous as they shrink the company&#39;s outstanding shares, thereby raising EPS faster. They are also a tax-deferred return of capital to shareholders.</p><p>Apple&#39;s current forward P/E ratio, 30, is higher than historical averages due to investor expectations for the coming year and the new product launch. To some, it appears overvalued; however, I wouldn&#39;t bet against this stock or this company.</p><p><b>Microsoft</b></p><p>Microsoft (MSFT) wants to capitalize on the metaverse for the business world in the marketplace. Microsoft Mesh for Teams seeks to change the way virtual meetings are currently conducted by moving them from the video camera to the metaverse. Using this software, users can conduct meetings, give presentations, conduct walkthroughs, and many other collaborative functions using AR/VR technology. This is as important as ever as the &#34;work-from-anywhere&#34; movement accelerates. Companies must be able to maintain a strong company culture and collaborative team functions, even from a distance.</p><p>Overall, Microsoft had a superb 2021 and is my pick as the top stock on this list for 2022. In fiscal 2021 Microsoft posted an 18% increase in revenue, which reached $168 billion. Operating income increased 32% to $70 billion on the back of incredible, and increasing, margins, as shown below. Microsoft is currently posting an operating margin and EBITDA margin of well over 40%, which shows the strength of the software-as-a-service ((SaaS)) model and the company&#39;s outstanding management.</p><p>Microsoft stock is currently trading 10% off its 52-week high with a forward P/E of 33. Like Apple, the company prolifically buys back stock which supports shareholders in the market and lowers the share count, as shown below.</p><p>Microsoft also pays a very safe $0.62 quarterly dividend.</p><p>For Microsoft, the metaverse opportunities are just icing on the cake. The company is firing on all cylinders going into 2022, and this stock will continue to reward long-term investors handsomely for years to come. For my money, Microsoft is the top play in 2022 based on the total package, increasing margins, growth, cash flow, lower risk, and return of capital to shareholders.</p><p>Are Metaverse Stocks A Good Investment?</p><p>Like any other sector, there will be winners and losers and much movement along the way. Some of the stocks mentioned here have limited metaverse exposure and massive valuations, like Microsoft. These have much lower long-term risks. Others, like Roblox, are relatively young and carry a higher risk with lofty ceilings. An investor should consider risk tolerance and long-term portfolio goals when considering a metaverse play. Until the dust settles on growth stocks in the short term, the mega-caps may hold the edge.</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>7 Best Metaverse Stocks For 2022 - Our Top Pick, Microsoft, Is Much More</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\">\n7 Best Metaverse Stocks For 2022 - Our Top Pick, Microsoft, Is Much More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-13 10:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4479232-7-best-metaverse-stocks-2022><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What Are Metaverse Stocks?The Metaverse is a virtual world where users interact with each other and the virtual environment, typically using avatars. The interactions can be for business, social, or ...</p>\n\n<a href=\"https://seekingalpha.com/article/4479232-7-best-metaverse-stocks-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","U":"Unity Software Inc.","RBLX":"Roblox Corporation","MTTR":"Matterport, Inc.","NVDA":"英伟达","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4479232-7-best-metaverse-stocks-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104656045","content_text":"What Are Metaverse Stocks?The Metaverse is a virtual world where users interact with each other and the virtual environment, typically using avatars. The interactions can be for business, social, or gaming. Metaverse stocks run the gambit. Some are pure plays, that is, companies who do nothing but the metaverse. Others are software companies that already have successful businesses but may benefit from a new revenue stream. Hardware companies can also be metaverse stocks. In many instances, the metaverse requires the use of augmented reality (AR) or virtual reality (VR) headsets. Several growth stocks benefit from the metaverse movement, while other metaverse stocks are already members of the Big Tech universe with storied histories looking to capitalize on new technology.How Did Metaverse Stocks Perform In 2021?Metaverse stocks were mixed in 2021, with some of the stocks mentioned in this article outperforming the S&P 500 and some not. NVIDIA (NVDA) was the big winner, rising over 125% in calendar 2021. Meta Platforms (FB), formerly Facebook, rose only 23% after being hammered by whistle-blower testimony and other concerns.Also of note, hot growth names Roblox (RBLX), Unity Software (U), and Matterport (MTTR) were up considerably in late 2021 but fell substantially heading into 2022. The selling pressure has continued in 2022 as growth stocks have fallen out of favor due to macroeconomic conditions. Graphed below is their performance so far in the new year.Metaverse Stocks To Watch In 2022RobloxRoblox was a huge story in 2020 and 2021. User growth exploded during the pandemic, as did revenue. Roblox is an online metaverse gaming platform where users can play and create games for free. The company makes most of its revenue from selling in-game \"Robux,\" which allows users to enhance their experience.Roblox needs to prove that it is not just a \"pandemic stock\" by continuing to grow its user base and translate this to the bottom line. Its revenue is increasing steadily; however, this has not translated to operating profits. The company is generating ample cash from operations.There were some encouraging results in Q3 2021 as well. Daily active users (DAUs) continued to increase, reaching 47.3 million. A colossal figure when compared to the 19.1 million in Q4 2019. Q4 2019 was the last quarter prior to the pandemic in the U.S. The hours that users were engaged also increased in Q3 by 28% year-over-year (YOY).The valuation is a serious concern. The stock trades at over 20 times sales even after the pandemic sales boost and the recent drop in share price. Current macroeconomic conditions are unfavorable to growth stocks, and Roblox could have further to fall.Unity SoftwareUnity Software provides creators with a platform to develop 2D and 3D content for a wide range of devices, including mobile phones, PCs, and AR and VR systems. The beauty of Unity is that content created using the software can be used across many different platforms. Unity has potential far beyond gaming as well.Unity stock exploded during 2021, but has come down significantly from its highs. It currently trades well over 40% off its 52-week high price of $210. The current downward pressure is intense, as can be seen below.Unity has an excellent gross margin that has come in at 79% and 78% for Q2 2021 and Q3 2021, respectively. The company has also been growing revenues significantly. Revenue rose 43% YOY in Q3 2021 after growing over 48% YOY in Q2 2021.Unity currently trades at over 30 times forward sales, so, like Roblox, the selling pressure could continue in the near term.NVIDIANVIDIA is a \"picks and shovels\" play on the metaverse. Its chips will be used to power the metaverse platforms that are created. The company has also used CES as a platform to announce the free availability of itsOmniverse softwarewhich provides the \"plumbing\" on which metaverses can be built.More than 70,000 individual creators have downloaded Omniverse. Since the open beta launch in December. There are approximately 40 million 3D designers in the global market.Our vision for Omniverse came to life at GTC. We significantly expanded its ecosystem and announced new capabilities. Omniverse Replicator is an engine for producing data to train robots. Replicator augments real-world data with massive, diverse, and physically accurate synthetic datasets to help accelerate the development of high-quality, high-performance AI across computing demands. NVIDIA Omniverse Avatar is our platform for generating interactive AI avatars that connect several core NVIDIA SDKs including speech AI, computer vision, natural language understanding, recommendation engines, and simulation.-Colette Kress, EVP, CFO on fiscal Q3 2021 earnings call.NVIDIA is much more than a metaverse stock. The company is a highly-profitable juggernaut that had a terrific 2021. It now trades a little over 20% off its 52-week high. Revenue for fiscal Q3 came in at $7.1 billion, a full 50% over the same period in 2020. Operating income came in at $2.7 billion, as shown below.Revenue growth has significantly accelerated in recent periods, catching the attention of investors. The stock now trades at a forward P/S ratio over 26 and a non-GAAP forward P/E of 65.MatterportMatterport is another interesting play on the metaverse. This company takes physical assets and digitizes them. The digitization can then be used for design, operations, or other visualization purposes. Real estate, retail, hospitality, and construction are common industries that benefit. The company reports 439,000 subscribers and $111 million in annualized revenues. The stock reached a high of over $37.00 in late 2021 but now trades 58% down from its high.The company went public via SPAC merger in July of 2021 and caution is warranted.Meta PlatformsMeta believes in the metaverse so much that it changed its iconic name, Facebook, earlier this year. Meta believes that the future of social media, the natural evolution, is into the metaverse. To this end, it has availed the Oculus VR headsets, including the Rift and Quest lines, and is planning much more.The metaverse is the next evolution of social connection. Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future.3D spaces in the metaverse will let you socialize, learn, collaborate and play in ways that go beyond what we can imagine.-Meta PlatformsMeta was mired in controversy during 2021 when a whistle-blower testified before congress. The stock was hurt, but it still finished up for the year. Despite the noise, Meta's revenues and operating income have been solid in 2021 and are running well ahead of 2020 numbers.Look for Meta to have a terrific Q4 on strong advertising figures. The company is trading at a very reasonable forward P/E under 24.AppleApple (AAPL) is another company looking to the metaverse to enhance its already incredible results. Rumor has it that the company is set to launch its AR/VR headset sometime in 2022, with a lighter, sleeker upgrade to follow in 2024. The potential here is massive, considering the company's 1 billion iPhone users are its prime customer base.The thought of an additional revenue stream alongside the iPhone, Mac, and iPad has investors salivating and briefly pushed the company's valuation over $3 trillion. Apple's results for fiscal 2021 were stellar. Revenues rose 33% to $365.8 billion, while operating income rose 64% to $108.9 billion. Likewise, diluted EPS were up 71% to $5.61. EPS increased faster than operating revenue thanks to the company's robust share buyback program. As shown below, the company bought back $85 billion in stock during fiscal 2021, which amounts to almost 3% of the current market cap. The company also pays a small quarterly dividend of $0.22. The buybacks are advantageous as they shrink the company's outstanding shares, thereby raising EPS faster. They are also a tax-deferred return of capital to shareholders.Apple's current forward P/E ratio, 30, is higher than historical averages due to investor expectations for the coming year and the new product launch. To some, it appears overvalued; however, I wouldn't bet against this stock or this company.MicrosoftMicrosoft (MSFT) wants to capitalize on the metaverse for the business world in the marketplace. Microsoft Mesh for Teams seeks to change the way virtual meetings are currently conducted by moving them from the video camera to the metaverse. Using this software, users can conduct meetings, give presentations, conduct walkthroughs, and many other collaborative functions using AR/VR technology. This is as important as ever as the \"work-from-anywhere\" movement accelerates. Companies must be able to maintain a strong company culture and collaborative team functions, even from a distance.Overall, Microsoft had a superb 2021 and is my pick as the top stock on this list for 2022. In fiscal 2021 Microsoft posted an 18% increase in revenue, which reached $168 billion. Operating income increased 32% to $70 billion on the back of incredible, and increasing, margins, as shown below. Microsoft is currently posting an operating margin and EBITDA margin of well over 40%, which shows the strength of the software-as-a-service ((SaaS)) model and the company's outstanding management.Microsoft stock is currently trading 10% off its 52-week high with a forward P/E of 33. Like Apple, the company prolifically buys back stock which supports shareholders in the market and lowers the share count, as shown below.Microsoft also pays a very safe $0.62 quarterly dividend.For Microsoft, the metaverse opportunities are just icing on the cake. The company is firing on all cylinders going into 2022, and this stock will continue to reward long-term investors handsomely for years to come. For my money, Microsoft is the top play in 2022 based on the total package, increasing margins, growth, cash flow, lower risk, and return of capital to shareholders.Are Metaverse Stocks A Good Investment?Like any other sector, there will be winners and losers and much movement along the way. Some of the stocks mentioned here have limited metaverse exposure and massive valuations, like Microsoft. These have much lower long-term risks. Others, like Roblox, are relatively young and carry a higher risk with lofty ceilings. An investor should consider risk tolerance and long-term portfolio goals when considering a metaverse play. Until the dust settles on growth stocks in the short term, the mega-caps may hold the edge.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896841272,"gmtCreate":1628571820896,"gmtModify":1703508343755,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"3h c1ny25$g6$fxcv68y7.30$ _6HH\"2÷-22:³.61x$Xmasc&nbsp;Z4vv vv2t77v8gxZ6bjyy","listText":"3h c1ny25$g6$fxcv68y7.30$ _6HH\"2÷-22:³.61x$Xmasc&nbsp;Z4vv vv2t77v8gxZ6bjyy","text":"3h c1ny25$g6$fxcv68y7.30$ _6HH\"2÷-22:³.61x$Xmasc Z4vv vv2t77v8gxZ6bjyy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896841272","repostId":"1152604328","repostType":4,"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899714121,"gmtCreate":1628215112563,"gmtModify":1703503286826,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Wow!","listText":"Wow!","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899714121","repostId":"2157456017","repostType":4,"repost":{"id":"2157456017","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628204156,"share":"https://ttm.financial/m/news/2157456017?lang=&edition=fundamental","pubTime":"2021-08-06 06:55","market":"us","language":"en","title":"Nasdaq, S&P 500, set records as jobless claims decline","url":"https://stock-news.laohu8.com/highlight/detail?id=2157456017","media":"Reuters","summary":"* Nasdaq, S&P 500 close at record highs\n* Layoff at lowest in over 21 years\n* Healthcare and materia","content":"<p>* Nasdaq, S&amp;P 500 close at record highs</p>\n<p>* Layoff at lowest in over 21 years</p>\n<p>* Healthcare and materials sectoral losers on S&amp;P 500</p>\n<p>Aug 5 (Reuters) - The Nasdaq and S&amp;P 500 closed at record levels on Thursday after a spate of strong corporate earnings and a further decline in U.S. unemployment claims last week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report.</p>\n<p>Initial claims for state unemployment benefits fell by 14,000 to 385,000 in the week ended July 31, while layoffs dropped to their lowest level in more than 21 years last month as companies held on to their workers amid a labor shortage, the Labor Department's report showed.</p>\n<p>\"The directional change has continued to be improving in the last few weeks and now it's a new low since beginning the pandemic,\" said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta, Georgia. \"I think that's what (is) kind of leading to some optimism today and earnings to this point have been positive.\"</p>\n<p>Nine of the 11 major S&amp;P 500 sector indexes rose, with healthcare stocks in the red as Cigna Corp slipped 10.9% after predicting a bigger hit to full-year earnings from the pandemic.</p>\n<p>Focus will now shift to the jobs report for July on Friday. Analysts say a disappointing number might raise questions about an economic recovery, but it could also lead the Federal Reserve to remain accommodative.</p>\n<p>Meanwhile, Robinhood Markets Inc tumbled 27.6%, snapping a four-day rally fueled by interest from retail traders.</p>\n<p>ViacomCBS Inc jumped 7.1% as the company said it signed up the highest number of new streaming subscribers in the second quarter, and struck a multi-year deal with Comcast Corp's&nbsp;Sky to launch the Paramount+ streaming service in Europe.</p>\n<p>The Dow Jones Industrial Average rose 271.58 points, or 0.78%, to 35,064.25, the S&amp;P 500 gained 26.44 points, or 0.60%, to 4,429.1 and the Nasdaq Composite added 114.58 points, or 0.78%, to 14,895.12.</p>\n<p>Concerns about the pace of economic growth and higher inflation have pressured the S&amp;P 500 index, but stellar corporate earnings so far have put it on track to end the week higher.</p>\n<p>Fed Vice Chair Richard Clarida, a major architect of the central bank's new policy strategy, said on Wednesday he felt the conditions for raising interest rates could be met by the end of 2022.</p>\n<p>Volume on U.S. exchanges was 8.86 billion shares, compared with the 9.63 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.26-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 52 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 111 new highs and 103 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq, S&P 500, set records as jobless claims decline</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\">\nNasdaq, S&P 500, set records as jobless claims decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-06 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Nasdaq, S&amp;P 500 close at record highs</p>\n<p>* Layoff at lowest in over 21 years</p>\n<p>* Healthcare and materials sectoral losers on S&amp;P 500</p>\n<p>Aug 5 (Reuters) - The Nasdaq and S&amp;P 500 closed at record levels on Thursday after a spate of strong corporate earnings and a further decline in U.S. unemployment claims last week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report.</p>\n<p>Initial claims for state unemployment benefits fell by 14,000 to 385,000 in the week ended July 31, while layoffs dropped to their lowest level in more than 21 years last month as companies held on to their workers amid a labor shortage, the Labor Department's report showed.</p>\n<p>\"The directional change has continued to be improving in the last few weeks and now it's a new low since beginning the pandemic,\" said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta, Georgia. \"I think that's what (is) kind of leading to some optimism today and earnings to this point have been positive.\"</p>\n<p>Nine of the 11 major S&amp;P 500 sector indexes rose, with healthcare stocks in the red as Cigna Corp slipped 10.9% after predicting a bigger hit to full-year earnings from the pandemic.</p>\n<p>Focus will now shift to the jobs report for July on Friday. Analysts say a disappointing number might raise questions about an economic recovery, but it could also lead the Federal Reserve to remain accommodative.</p>\n<p>Meanwhile, Robinhood Markets Inc tumbled 27.6%, snapping a four-day rally fueled by interest from retail traders.</p>\n<p>ViacomCBS Inc jumped 7.1% as the company said it signed up the highest number of new streaming subscribers in the second quarter, and struck a multi-year deal with Comcast Corp's&nbsp;Sky to launch the Paramount+ streaming service in Europe.</p>\n<p>The Dow Jones Industrial Average rose 271.58 points, or 0.78%, to 35,064.25, the S&amp;P 500 gained 26.44 points, or 0.60%, to 4,429.1 and the Nasdaq Composite added 114.58 points, or 0.78%, to 14,895.12.</p>\n<p>Concerns about the pace of economic growth and higher inflation have pressured the S&amp;P 500 index, but stellar corporate earnings so far have put it on track to end the week higher.</p>\n<p>Fed Vice Chair Richard Clarida, a major architect of the central bank's new policy strategy, said on Wednesday he felt the conditions for raising interest rates could be met by the end of 2022.</p>\n<p>Volume on U.S. exchanges was 8.86 billion shares, compared with the 9.63 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.26-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 52 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 111 new highs and 103 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","CI":"信诺保险","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF",".DJI":"道琼斯","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","HOOD":"Robinhood","OEX":"标普100","SH":"标普500反向ETF","CMCSA":"康卡斯特","IVV":"标普500指数ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157456017","content_text":"* Nasdaq, S&P 500 close at record highs\n* Layoff at lowest in over 21 years\n* Healthcare and materials sectoral losers on S&P 500\nAug 5 (Reuters) - The Nasdaq and S&P 500 closed at record levels on Thursday after a spate of strong corporate earnings and a further decline in U.S. unemployment claims last week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report.\nInitial claims for state unemployment benefits fell by 14,000 to 385,000 in the week ended July 31, while layoffs dropped to their lowest level in more than 21 years last month as companies held on to their workers amid a labor shortage, the Labor Department's report showed.\n\"The directional change has continued to be improving in the last few weeks and now it's a new low since beginning the pandemic,\" said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta, Georgia. \"I think that's what (is) kind of leading to some optimism today and earnings to this point have been positive.\"\nNine of the 11 major S&P 500 sector indexes rose, with healthcare stocks in the red as Cigna Corp slipped 10.9% after predicting a bigger hit to full-year earnings from the pandemic.\nFocus will now shift to the jobs report for July on Friday. Analysts say a disappointing number might raise questions about an economic recovery, but it could also lead the Federal Reserve to remain accommodative.\nMeanwhile, Robinhood Markets Inc tumbled 27.6%, snapping a four-day rally fueled by interest from retail traders.\nViacomCBS Inc jumped 7.1% as the company said it signed up the highest number of new streaming subscribers in the second quarter, and struck a multi-year deal with Comcast Corp's Sky to launch the Paramount+ streaming service in Europe.\nThe Dow Jones Industrial Average rose 271.58 points, or 0.78%, to 35,064.25, the S&P 500 gained 26.44 points, or 0.60%, to 4,429.1 and the Nasdaq Composite added 114.58 points, or 0.78%, to 14,895.12.\nConcerns about the pace of economic growth and higher inflation have pressured the S&P 500 index, but stellar corporate earnings so far have put it on track to end the week higher.\nFed Vice Chair Richard Clarida, a major architect of the central bank's new policy strategy, said on Wednesday he felt the conditions for raising interest rates could be met by the end of 2022.\nVolume on U.S. exchanges was 8.86 billion shares, compared with the 9.63 billion average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.26-to-1 ratio favored advancers.\nThe S&P 500 posted 52 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 111 new highs and 103 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961858106,"gmtCreate":1668914870006,"gmtModify":1676538127953,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting...","listText":"Interesting...","text":"Interesting...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961858106","repostId":"2284785084","repostType":4,"repost":{"id":"2284785084","pubTimestamp":1668905591,"share":"https://ttm.financial/m/news/2284785084?lang=&edition=fundamental","pubTime":"2022-11-20 08:53","market":"us","language":"en","title":"Alphabet Vs. Meta Platforms: Which Stock Is The Better Investment?","url":"https://stock-news.laohu8.com/highlight/detail?id=2284785084","media":"Seeking Alpha","summary":"SummaryAlphabet and Meta are two giants in highly competitive markets, both with their specific risk","content":"<html><head></head><body><p>Summary</p><ul><li>Alphabet and Meta are two giants in highly competitive markets, both with their specific risk profiles, while also offering massive opportunities to investors.</li><li>GOOG reported a superior performance over the past years, while both stocks may offer great opportunities for investors, the ability to achieve the targets and the optionality will be determinant.</li><li>Both companies share the same Achilles heel, in an industry that is forecasted to grow substantially over the next decade, while it also exposes their revenue stream to demand-driven fluctuations.</li><li>This article focuses on long-term investment opportunities based on in-depth fundamental analysis and I offer two valuation models structured around multiple outcome scenarios.</li></ul><p>The technology sector is among the worst performers in the past year, losing over 30% of its value. While many stocks may have been excessively hyped during the massive rebound out of the pandemic-lows, others have been under pressure because of rising inflation, a higher cost of capital, bottlenecks among the supply chains, as well as headwinds caused by pandemic-related restrictions, geo-political tensions, and the ongoing war in Ukraine. Companies in the Information technology services industry could perform better from a yearly perspective but lately have been struggling to rebound, while others, such as the semiconductor and the solar industries, have recently been leading the sector.</p><p></p><p><img src=\"https://static.tigerbbs.com/24926893763e4d5e2c2059c3a396961e\" tg-width=\"640\" tg-height=\"102\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>finviz</p><p><img src=\"https://static.tigerbbs.com/1f119d5f53fe3121bf55f9c893934749\" tg-width=\"640\" tg-height=\"98\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>finviz</p><p>The two selected companies are two global giants in their industry, with Alphabet (NASDAQ:NASDAQ:GOOG) (NASDAQ:GOOGL) having nearly a monopoly in the online search field, as Google processes over 92% of online search volume worldwide, and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (NASDAQ:NASDAQ:META) counting 3.71B monthly users in Q3 2022, among the company’s core products, Facebook, WhatsApp, Instagram, or Messenger, up 4% Year-over-Year [YoY].</p><p></p><p><img src=\"https://static.tigerbbs.com/466ecae9b7a6150d62e4e702446ea1b7\" tg-width=\"640\" tg-height=\"162\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using TIKR</p><p>While the two companies once were identified as a digital duopoly, because of their massive market share in global online advertising, more recently, companies such as Amazon.com (NASDAQ:AMZN), Alibaba (NYSE:BABA), Tencent (OTCX:OTCPK:TCEHY), or ByteDance through their social media TikTok, have penetrated the market and contributed to the erosion of this duopoly.</p><p><img src=\"https://static.tigerbbs.com/0ba8cba90ad500702aed27aa4769d952\" tg-width=\"398\" tg-height=\"476\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from Insider Intelligence, Research and Markets, Company filings</p><p>The global IT Services market is projected to grow at a 9.5% Compound Annual Growth Rate [CAGR] through 2031, while the global digital advertising market is forecasted to grow even faster at a 13.9% CAGR, reaching a size of $1.79T through 2031. The sustained market growth is driven by the broader penetration of internet users, technological advancement, rising spending in digital advertising, and the expanding popularity of mobile phones and digital media across the world, while platforms such as in-app, mobile ads, connected TV or social media advertising are increasingly important vectors in the industry.</p><h2><b>An in-depth company comparison</b></h2><p><img src=\"https://static.tigerbbs.com/c3b292a512ca86202c0549254543bfb5\" tg-width=\"472\" tg-height=\"546\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>The financial comparison highlights the major relative strengths and weaknesses of the two giants. In terms of their Return on Invested Capital [ROIC], a very important metric I consider when pondering an investment decision, as a company must be able to consistently create value to be a sustainable investment, Alphabet seems to gradually increase its capital allocation efficiency over the past few years. Although Meta has been more efficient in the past, the metric has progressively dropped, until recently significantly falling under Alphabet’s level. The latter seems to have a more efficient core business, but Meta has seemingly more efficient cash management, observed in the relatively narrow spread between their ROIC and the Return on Capital Employed [ROCE], while Alphabet could significantly increase its capital allocation efficiency as the company reported a massive cash position of over $116B.</p><p><img src=\"https://static.tigerbbs.com/fa03acf041d1be505b4a32558b182c46\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>Although Meta reports by far the higher gross margin, this metric’s growth is seemingly dropping from 21.94% CAGR in the past 5 years to 17.88% CAGR in the past 3 years. While Alphabet reported a lower actual value, the company saw this metric slightly increase from 19.38% CAGR to 20.72% CAGR, over the same time window. Meta’s main source of revenue began faltering as the widely popular video app TikTok massively increased its audience, and other companies increased their market share in the online advertising space, while Apple’s (NASDAQ:AAPL) shift to a strict app tracking transparency privacy policy, requiring the user’s approval for apps to be able to track their data, had an estimated two-digit billion impact on Meta’s revenue. On the operational side, the companies have an even more divergent profile, as Alphabet demonstrated being capable of significantly increasing its operational profitability from 22.13% CAGR in the past 5 years, to 29.80% CAGR over the past 3 years, while Meta’s operating margin growth is decelerating from 11.96% CAGR to 7.03% CAGR over the same period. Meta is massively investing in the development of the Metaverse while rising doubts emerge concerning the company’s ability to reach its ambitious goals in a concept that only a few people understand, while at the same time the company struggles with a weakening advertising business.</p><p><img src=\"https://static.tigerbbs.com/8f1f88c88d16069afac3b3d995567a30\" tg-width=\"640\" tg-height=\"153\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>Meta reportedly has a more cash-rich business than the analyzed peer, while none of them is paying a dividend, both companies spend billions in share-repurchase programs. Alphabet announced its biggest share-buyback program of over $70B earlier this year, a major increase after the authorized buyback of $50B in 2021 and $25B in 2019. Meta has reportedly spent $91B to repurchase 377M stocks at an average price of $242, between 2017 and September 2022, a price that seems steep, considering that the actual share price is valued at -53% of that price. Meta also reports significantly higher EPS, while in those terms, Alphabet has had a less negative development over the most recent quarters and reported significantly higher growth over the past few years. Both companies are relying on debt for sustaining their business, increasing significantly their debt reliance since 2019, as the historically low-interest rates pushed many companies to consider more debt in their financing strategy. That said, both companies could repay the entirety of their debt exposure as shown in their net debt position and low leverage ratio.</p><h2>The stocks’ performance</h2><p>Considering both stocks’ performance in the past 5 years, GOOG reported a solid performance of 93.44%, while META performed significantly worse, losing 37.65% over the analyzed period. The most significant references show a mixed picture, with the S&amp;P 500 (SP500) returning approximately 53%, and the Nasdaq technology index, tracked by the Invesco QQQ ETF (QQQ) marked over 85% performance, while more industry-focused references, such as the <a href=\"https://laohu8.com/S/XLC\">Communication Services Select Sector SPDR Fund</a> (XLC) performed flat, while the Technology Select Sector SPDR ETF (XLK) is the strongest outperformer of the analyzed references.</p><p><img src=\"https://static.tigerbbs.com/51b316e664d2e9457222c2ae8e80185d\" tg-width=\"640\" tg-height=\"198\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using SeekingAlpha.com</p><p>While both stocks display periods of relative strength, GOOG reported massive resilience after every major drop, while META has significantly suffered after its All-Time-High [ATH] in September 2021, leading to massive value destruction for its investors, being priced at levels not seen since 2016. In the next section, I will show how the next few years are forecasted to play out for both companies and if the actual stock price may offer an interesting opportunity, while also assessing the possible risks in different scenarios.</p><h2>Valuation</h2><p>To determine the actual fair value for both company&#39;s stock prices, I rely on the following Discounted Cash Flow [DCF] model, which extends over a forecast period of 5 years with 3 different sets of assumptions ranging from a more conservative to a more optimistic scenario, based on the metrics determining the WACC and the terminal value. As forecasted by the street consensus, Alphabet is anticipated to generate a massive 17.27% Free Cash Flow [FCF] CAGR over the coming 5 years, with its operating and net profitability increasing at respectively 12.73% and 13.80% CAGR, while its revenue is projected to expand at solid 10.98%, above the expected growth in the relevant industries.</p><p><img src=\"https://static.tigerbbs.com/4f307c189819f83e89ac5301f675e985\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>The valuation takes into account a tighter monetary policy, which will undeniably be a reality in many economies worldwide in the coming years and lead to a higher weighted average cost of capital.</p><p><img src=\"https://static.tigerbbs.com/dfdac1fd157fda94ba58871ccb1c7b3f\" tg-width=\"573\" tg-height=\"599\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author</p><p>I compute my opinion in terms of likelihood for the three different scenarios, and I, therefore, consider the stock to be significantly undervalued with a weighted average price target with about 54% upside potential at $152.</p><p>Meta is forecasted to expand slower, with its sales growing at 9.20% CAGR over the next 5 years, and its operating and net profit margins are expected to grow between 8.5% and 8.9%, in terms of FCF the company is anticipated to substantially increase its metric, with 17.61% CAGR through 2026.</p><p></p><p><img src=\"https://static.tigerbbs.com/15cc9d6404157e698d23631783f3f4cd\" tg-width=\"640\" tg-height=\"398\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author, using data from S&amp;P Capital IQ</p><p>I then consider the same three scenarios affected by the company’s fundamentals and by the exogenous factors.</p><p></p><p><img src=\"https://static.tigerbbs.com/c566b27f98414ced096c76621fbf9c00\" tg-width=\"573\" tg-height=\"598\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author</p><p>Despite both stocks seemingly being undervalued, when considering the weighted average price target, the two modelizations suggest that GOOG may offer a higher expected return, while META’s expected performance is seen 50% higher than the latest closing price, or at about $167. Both modelizations emphasize the still substantial expected return, also in the less optimistic scenario.</p><p>Investors should consider that those forecasts are based on a relatively conservative assumption in terms of perpetual growth rates, higher discount rates, and the recent trend in increased interest rates, which reflects the actual situation and forecast possible scenarios. An inversion of this trend would change this perspective and value the company at a higher price.</p><h2>Outlook and Risk discussion</h2><p>With both companies having tremendous possibilities to expand their powerful product ecosystem, it’s quite difficult to estimate their relevant total addressable market [TAM], as both peers have shown to be able to significantly grow their business either organically or through strategic acquisitions. Alphabet and Meta own strong brands with Google ranked in the fourth position in Interbrand&#39;s Best Global Brands, while Facebook is ranked 17th. Google’s essentially monopolistic position in search engines, its gigantic database with no equal data-harvesting worldwide, and the dominant position in the smartphone industry with Android estimated to hold a share of 72% in the mobile operating systems’ market, while Apple is progressively gaining market shares, are only some of the company’s major strengths. Despite this, with approximately 80% of its revenue originating from income related to advertising, the company’s revenue model is highly exposed to demand fluctuations, and with a recession likely seen coming in major global economies, dropping consumer spending and cuts in expenses on advertising, will likely have a tangible negative effect on the company’s results. Privacy concerns and regulatory pressure, as well as data security, are also possible future threats to Alphabet, Meta, and their peers, as the biggest strength for the companies, the massive data collection, is the most damaging weakness for their users. Among Alphabet’s most promising opportunities I do like to underscore the company’s positioning in terms of Artificial Intelligence [AI], Machine Learning [ML], and cloud-based business, as well as its expansion into the wearable OS market, and the great diversification opportunities the company could access or create through its colossal financial strength.</p><p>Meta is building a strong product portfolio including WhatsApp, Instagram, Messenger, Oculus, Workplace, Portal, and Calibra to diversify from Facebook and create expanded opportunities in strong secular trends. With over 45% of the world’s population using Facebook or its family products, the company holds an extremely powerful and irreplaceable position. But with approximately 98% of revenue originating from advertising, Meta is even more exposed to demand-driven fluctuations than Alphabet, and since the company is massively investing and focusing its resources on developing its visionary Metaverse, the diversification opportunities are, at least for the moment, seemingly more limited than Alphabet’s. Facebook has been losing popularity after facing backlash over its negligence in protecting the user’s privacy, while negative publicity, allegations of racial basis, or the platform’s inability to control the spread of fake and misleading information, may have cast a shadow on the company’s once brighter outlook. Despite this, Meta faces many opportunities in terms of possible monetization of its platforms through paid services such as news subscriptions, peer-to-peer marketplaces, online dating apps, e-wallets, or the development of other hardware devices, while its existing technologies could also be integrated or connected with a variety of other applications, such as e-commerce, gaming, or expanded into the digital creators&#39; space, or by offering remote-work solutions. In terms of future-oriented secular growth vectors, Meta has extensive expertise in AI and ML, which the company could use to penetrate markets such as the technologies used for autonomous vehicles, where other competitors like Google, Amazon, and Apple are already massively investing.</p><p>Alphabet is rated with a Strong Buy rating from Seeking Alpha’s Quant Rating since August 25, 2022, and holds the first two positions in the Interactive Media and Services industry through its two share classes.</p><p></p><p><img src=\"https://static.tigerbbs.com/5b711fdd651560e12eb413b5c4321377\" tg-width=\"640\" tg-height=\"183\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SeekingAlpha.com</p><p>Meta has instead been qualified as a Hold position since the end of 2021 and is ranked 22 out of 62 in the relevant industry. Both companies are without seen excelling in terms of profitability, while growth and valuation seem to be less favorable factors in the actual uncertain market environment, with Meta also significantly suffering from the negative momentum in its more recent price action.</p><p></p><p><img src=\"https://static.tigerbbs.com/c27a653d50c6e2a961374aeaa87c1171\" tg-width=\"640\" tg-height=\"183\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SeekingAlpha.com</p><h2>The Verdict: Which stock is the better buy?</h2><p>The two analyzed companies are two global leaders in the technology services industry, with their respective strengths and weaknesses, but also offering inherent opportunities with their correlated risks. From an investor&#39;s point of view, it’s important to consider the company’s ability to create value for its shareholders, while minimizing the risks. Past performance is not a guarantee for future results, and despite GOOG overall performing significantly better than META in the past few years, the latter is seemingly offering great opportunities ahead, and my rather conservative modelization hints at the significant undervaluation of both stocks. Both companies have strong financials and report high profitability, but Alphabet is seemingly on a better path, as the company reported an overall better trend and is expected to optimize its profitability even further, while also owning a massive idling cash position that offers incredibly many options, and could even further increase the company’s already superior capital allocation efficiency. </p><p>Meta’s huge bet on the Metaverse may lead to great success, but it also bears a major risk, in times when the company’s great dependency on advertising spending is under pressure. While both companies’ Achilles heel is seemingly their dependency on spending in digital advertising, Meta is more reliant on it than Alphabet, and may also have shown less intention to diversify its revenue streams, when compared to its colossal peers. </p><p>I consider both companies as being a buy position for long-term oriented investors, but overall in this comparative analysis, I chose Alphabet as my favorite stock pick, for its preeminent opportunities and lower risk profile, while seemingly also offering the greater potential in its stock performance, when considering all three forecasted scenarios.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet Vs. Meta Platforms: Which Stock Is The Better Investment?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlphabet Vs. Meta Platforms: Which Stock Is The Better Investment?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-20 08:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4559206-alphabet-vs-meta-platforms-which-stock-is-the-better-investment><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlphabet and Meta are two giants in highly competitive markets, both with their specific risk profiles, while also offering massive opportunities to investors.GOOG reported a superior ...</p>\n\n<a href=\"https://seekingalpha.com/article/4559206-alphabet-vs-meta-platforms-which-stock-is-the-better-investment\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc.","GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4559206-alphabet-vs-meta-platforms-which-stock-is-the-better-investment","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2284785084","content_text":"SummaryAlphabet and Meta are two giants in highly competitive markets, both with their specific risk profiles, while also offering massive opportunities to investors.GOOG reported a superior performance over the past years, while both stocks may offer great opportunities for investors, the ability to achieve the targets and the optionality will be determinant.Both companies share the same Achilles heel, in an industry that is forecasted to grow substantially over the next decade, while it also exposes their revenue stream to demand-driven fluctuations.This article focuses on long-term investment opportunities based on in-depth fundamental analysis and I offer two valuation models structured around multiple outcome scenarios.The technology sector is among the worst performers in the past year, losing over 30% of its value. While many stocks may have been excessively hyped during the massive rebound out of the pandemic-lows, others have been under pressure because of rising inflation, a higher cost of capital, bottlenecks among the supply chains, as well as headwinds caused by pandemic-related restrictions, geo-political tensions, and the ongoing war in Ukraine. Companies in the Information technology services industry could perform better from a yearly perspective but lately have been struggling to rebound, while others, such as the semiconductor and the solar industries, have recently been leading the sector.finvizfinvizThe two selected companies are two global giants in their industry, with Alphabet (NASDAQ:NASDAQ:GOOG) (NASDAQ:GOOGL) having nearly a monopoly in the online search field, as Google processes over 92% of online search volume worldwide, and Meta Platforms (NASDAQ:NASDAQ:META) counting 3.71B monthly users in Q3 2022, among the company’s core products, Facebook, WhatsApp, Instagram, or Messenger, up 4% Year-over-Year [YoY].Author, using TIKRWhile the two companies once were identified as a digital duopoly, because of their massive market share in global online advertising, more recently, companies such as Amazon.com (NASDAQ:AMZN), Alibaba (NYSE:BABA), Tencent (OTCX:OTCPK:TCEHY), or ByteDance through their social media TikTok, have penetrated the market and contributed to the erosion of this duopoly.Author, using data from Insider Intelligence, Research and Markets, Company filingsThe global IT Services market is projected to grow at a 9.5% Compound Annual Growth Rate [CAGR] through 2031, while the global digital advertising market is forecasted to grow even faster at a 13.9% CAGR, reaching a size of $1.79T through 2031. The sustained market growth is driven by the broader penetration of internet users, technological advancement, rising spending in digital advertising, and the expanding popularity of mobile phones and digital media across the world, while platforms such as in-app, mobile ads, connected TV or social media advertising are increasingly important vectors in the industry.An in-depth company comparisonAuthor, using data from S&P Capital IQThe financial comparison highlights the major relative strengths and weaknesses of the two giants. In terms of their Return on Invested Capital [ROIC], a very important metric I consider when pondering an investment decision, as a company must be able to consistently create value to be a sustainable investment, Alphabet seems to gradually increase its capital allocation efficiency over the past few years. Although Meta has been more efficient in the past, the metric has progressively dropped, until recently significantly falling under Alphabet’s level. The latter seems to have a more efficient core business, but Meta has seemingly more efficient cash management, observed in the relatively narrow spread between their ROIC and the Return on Capital Employed [ROCE], while Alphabet could significantly increase its capital allocation efficiency as the company reported a massive cash position of over $116B.Author, using data from S&P Capital IQAlthough Meta reports by far the higher gross margin, this metric’s growth is seemingly dropping from 21.94% CAGR in the past 5 years to 17.88% CAGR in the past 3 years. While Alphabet reported a lower actual value, the company saw this metric slightly increase from 19.38% CAGR to 20.72% CAGR, over the same time window. Meta’s main source of revenue began faltering as the widely popular video app TikTok massively increased its audience, and other companies increased their market share in the online advertising space, while Apple’s (NASDAQ:AAPL) shift to a strict app tracking transparency privacy policy, requiring the user’s approval for apps to be able to track their data, had an estimated two-digit billion impact on Meta’s revenue. On the operational side, the companies have an even more divergent profile, as Alphabet demonstrated being capable of significantly increasing its operational profitability from 22.13% CAGR in the past 5 years, to 29.80% CAGR over the past 3 years, while Meta’s operating margin growth is decelerating from 11.96% CAGR to 7.03% CAGR over the same period. Meta is massively investing in the development of the Metaverse while rising doubts emerge concerning the company’s ability to reach its ambitious goals in a concept that only a few people understand, while at the same time the company struggles with a weakening advertising business.Author, using data from S&P Capital IQMeta reportedly has a more cash-rich business than the analyzed peer, while none of them is paying a dividend, both companies spend billions in share-repurchase programs. Alphabet announced its biggest share-buyback program of over $70B earlier this year, a major increase after the authorized buyback of $50B in 2021 and $25B in 2019. Meta has reportedly spent $91B to repurchase 377M stocks at an average price of $242, between 2017 and September 2022, a price that seems steep, considering that the actual share price is valued at -53% of that price. Meta also reports significantly higher EPS, while in those terms, Alphabet has had a less negative development over the most recent quarters and reported significantly higher growth over the past few years. Both companies are relying on debt for sustaining their business, increasing significantly their debt reliance since 2019, as the historically low-interest rates pushed many companies to consider more debt in their financing strategy. That said, both companies could repay the entirety of their debt exposure as shown in their net debt position and low leverage ratio.The stocks’ performanceConsidering both stocks’ performance in the past 5 years, GOOG reported a solid performance of 93.44%, while META performed significantly worse, losing 37.65% over the analyzed period. The most significant references show a mixed picture, with the S&P 500 (SP500) returning approximately 53%, and the Nasdaq technology index, tracked by the Invesco QQQ ETF (QQQ) marked over 85% performance, while more industry-focused references, such as the Communication Services Select Sector SPDR Fund (XLC) performed flat, while the Technology Select Sector SPDR ETF (XLK) is the strongest outperformer of the analyzed references.Author, using SeekingAlpha.comWhile both stocks display periods of relative strength, GOOG reported massive resilience after every major drop, while META has significantly suffered after its All-Time-High [ATH] in September 2021, leading to massive value destruction for its investors, being priced at levels not seen since 2016. In the next section, I will show how the next few years are forecasted to play out for both companies and if the actual stock price may offer an interesting opportunity, while also assessing the possible risks in different scenarios.ValuationTo determine the actual fair value for both company's stock prices, I rely on the following Discounted Cash Flow [DCF] model, which extends over a forecast period of 5 years with 3 different sets of assumptions ranging from a more conservative to a more optimistic scenario, based on the metrics determining the WACC and the terminal value. As forecasted by the street consensus, Alphabet is anticipated to generate a massive 17.27% Free Cash Flow [FCF] CAGR over the coming 5 years, with its operating and net profitability increasing at respectively 12.73% and 13.80% CAGR, while its revenue is projected to expand at solid 10.98%, above the expected growth in the relevant industries.Author, using data from S&P Capital IQThe valuation takes into account a tighter monetary policy, which will undeniably be a reality in many economies worldwide in the coming years and lead to a higher weighted average cost of capital.AuthorI compute my opinion in terms of likelihood for the three different scenarios, and I, therefore, consider the stock to be significantly undervalued with a weighted average price target with about 54% upside potential at $152.Meta is forecasted to expand slower, with its sales growing at 9.20% CAGR over the next 5 years, and its operating and net profit margins are expected to grow between 8.5% and 8.9%, in terms of FCF the company is anticipated to substantially increase its metric, with 17.61% CAGR through 2026.Author, using data from S&P Capital IQI then consider the same three scenarios affected by the company’s fundamentals and by the exogenous factors.AuthorDespite both stocks seemingly being undervalued, when considering the weighted average price target, the two modelizations suggest that GOOG may offer a higher expected return, while META’s expected performance is seen 50% higher than the latest closing price, or at about $167. Both modelizations emphasize the still substantial expected return, also in the less optimistic scenario.Investors should consider that those forecasts are based on a relatively conservative assumption in terms of perpetual growth rates, higher discount rates, and the recent trend in increased interest rates, which reflects the actual situation and forecast possible scenarios. An inversion of this trend would change this perspective and value the company at a higher price.Outlook and Risk discussionWith both companies having tremendous possibilities to expand their powerful product ecosystem, it’s quite difficult to estimate their relevant total addressable market [TAM], as both peers have shown to be able to significantly grow their business either organically or through strategic acquisitions. Alphabet and Meta own strong brands with Google ranked in the fourth position in Interbrand's Best Global Brands, while Facebook is ranked 17th. Google’s essentially monopolistic position in search engines, its gigantic database with no equal data-harvesting worldwide, and the dominant position in the smartphone industry with Android estimated to hold a share of 72% in the mobile operating systems’ market, while Apple is progressively gaining market shares, are only some of the company’s major strengths. Despite this, with approximately 80% of its revenue originating from income related to advertising, the company’s revenue model is highly exposed to demand fluctuations, and with a recession likely seen coming in major global economies, dropping consumer spending and cuts in expenses on advertising, will likely have a tangible negative effect on the company’s results. Privacy concerns and regulatory pressure, as well as data security, are also possible future threats to Alphabet, Meta, and their peers, as the biggest strength for the companies, the massive data collection, is the most damaging weakness for their users. Among Alphabet’s most promising opportunities I do like to underscore the company’s positioning in terms of Artificial Intelligence [AI], Machine Learning [ML], and cloud-based business, as well as its expansion into the wearable OS market, and the great diversification opportunities the company could access or create through its colossal financial strength.Meta is building a strong product portfolio including WhatsApp, Instagram, Messenger, Oculus, Workplace, Portal, and Calibra to diversify from Facebook and create expanded opportunities in strong secular trends. With over 45% of the world’s population using Facebook or its family products, the company holds an extremely powerful and irreplaceable position. But with approximately 98% of revenue originating from advertising, Meta is even more exposed to demand-driven fluctuations than Alphabet, and since the company is massively investing and focusing its resources on developing its visionary Metaverse, the diversification opportunities are, at least for the moment, seemingly more limited than Alphabet’s. Facebook has been losing popularity after facing backlash over its negligence in protecting the user’s privacy, while negative publicity, allegations of racial basis, or the platform’s inability to control the spread of fake and misleading information, may have cast a shadow on the company’s once brighter outlook. Despite this, Meta faces many opportunities in terms of possible monetization of its platforms through paid services such as news subscriptions, peer-to-peer marketplaces, online dating apps, e-wallets, or the development of other hardware devices, while its existing technologies could also be integrated or connected with a variety of other applications, such as e-commerce, gaming, or expanded into the digital creators' space, or by offering remote-work solutions. In terms of future-oriented secular growth vectors, Meta has extensive expertise in AI and ML, which the company could use to penetrate markets such as the technologies used for autonomous vehicles, where other competitors like Google, Amazon, and Apple are already massively investing.Alphabet is rated with a Strong Buy rating from Seeking Alpha’s Quant Rating since August 25, 2022, and holds the first two positions in the Interactive Media and Services industry through its two share classes.SeekingAlpha.comMeta has instead been qualified as a Hold position since the end of 2021 and is ranked 22 out of 62 in the relevant industry. Both companies are without seen excelling in terms of profitability, while growth and valuation seem to be less favorable factors in the actual uncertain market environment, with Meta also significantly suffering from the negative momentum in its more recent price action.SeekingAlpha.comThe Verdict: Which stock is the better buy?The two analyzed companies are two global leaders in the technology services industry, with their respective strengths and weaknesses, but also offering inherent opportunities with their correlated risks. From an investor's point of view, it’s important to consider the company’s ability to create value for its shareholders, while minimizing the risks. Past performance is not a guarantee for future results, and despite GOOG overall performing significantly better than META in the past few years, the latter is seemingly offering great opportunities ahead, and my rather conservative modelization hints at the significant undervaluation of both stocks. Both companies have strong financials and report high profitability, but Alphabet is seemingly on a better path, as the company reported an overall better trend and is expected to optimize its profitability even further, while also owning a massive idling cash position that offers incredibly many options, and could even further increase the company’s already superior capital allocation efficiency. Meta’s huge bet on the Metaverse may lead to great success, but it also bears a major risk, in times when the company’s great dependency on advertising spending is under pressure. While both companies’ Achilles heel is seemingly their dependency on spending in digital advertising, Meta is more reliant on it than Alphabet, and may also have shown less intention to diversify its revenue streams, when compared to its colossal peers. I consider both companies as being a buy position for long-term oriented investors, but overall in this comparative analysis, I chose Alphabet as my favorite stock pick, for its preeminent opportunities and lower risk profile, while seemingly also offering the greater potential in its stock performance, when considering all three forecasted scenarios.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032001045,"gmtCreate":1647226024119,"gmtModify":1676534205112,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!&nbsp;","listText":"Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!&nbsp;","text":"Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032001045","repostId":"1113393789","repostType":4,"repost":{"id":"1113393789","pubTimestamp":1647224040,"share":"https://ttm.financial/m/news/1113393789?lang=&edition=fundamental","pubTime":"2022-03-14 10:14","market":"us","language":"en","title":"Sea: The 75% Crash, The Earnings And A Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=1113393789","media":"seekingalpha","summary":"SummarySea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Sea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially since then, bringing it down 75% from its high now.</li><li>We look at the numbers in full detail and look at several insights that we can get from the numbers. Context is extremely important here.</li><li>We also look at the guidance and the future of Garena, Shopee and SeaMoney.</li><li>Sea has a ton of optionality, some obvious, some less obvious.</li><li>I argue why I think the stock has become cheap now from the perspective of a long-term investor.</li><li>I do much more than just articles at Potential Multibaggers: Members get access to model portfolios, regular updates, a chat room, and more.</li></ul><p><img src=\"https://static.tigerbbs.com/1cff71f84c3894bd1998e1f56d28fff2\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>kokkai/iStock Unreleased via Getty Images</p><h2>Introduction</h2><p>Sea&#39;s (SE) stock price has dropped a lot over the last few months and the recent Q4 and FY 2021 earnings results added to that drop, dropping 13% on the day of the earnings.</p><p><img src=\"https://static.tigerbbs.com/8ceff132707f80aa77bf9cca72683517\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>The stock is now down 75% from its highs just a few months ago. And it is down ~58% year to date.</p><p><img src=\"https://static.tigerbbs.com/a44201e75874a9028274318e0053893c\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>To put this into a meaningful context, let&#39;s dive into the Q4 and FY 2021 earnings first, which were released on March 1. Then look at what worries investors and if to which level that is warranted or not.</p><h2>The results in numbers</h2><p>As a group, Sea&#39;s revenue was $3.2B inQ4 2021, up 105.7% YoY, another double. Gross profit came in at $1.3B, up 145.6%. That&#39;s already important to see and therefore I want to point it out: gross profits are up more than revenue. The company has substantially higher gross profits than revenue growth, which shows that its growth leads to cost advantages, also known as operating leverage.</p><p>The EBITDA, though, came in at a loss of $492.1M, while it was a positive $48.7M in Q4 2020, that strange year. We&#39;ll come back to this, but let&#39;s first look at Sea&#39;s different divisions.</p><h2>Garena</h2><p>Garena&#39;s revenue was $1.4B, up 104.1% YoY. Bookings were $1.1B, up just 6.8% YoY. It&#39;s essential to understand the difference between these two. Bookings are the money that gamers have already paid, but that money can only be recognized as revenue when they spend it. If they pay $50 but only spend $10 in Q1 2022, there will be $10 in revenue but $50 in bookings. In that way, bookings give you a window into the future.</p><p>The Garena EBITDA was $602.6M, down 10.11% YoY. That comes entirely from the margins going down from 65.5% to 55.7%. The QAUs or quarterly active users number was up 7.1% YoY. As you can see, this number is close to the 6.8% extra bookings and that&#39;s no coincidence as the two are linked closely.</p><p>The QPU or quarterly paying users were up 5.6% YoY to 77.2 million. That&#39;s 11.8% of all the QUAs, while that was 12% in Q4 2020. Don&#39;t forget that Q4 was an exceptional quarter because of the pandemic, so this is still pretty good and above pre-pandemic levels. The average paying user paid $1.70, unchanged from Q4 2020.</p><p>Free Fire remained the most downloaded game worldwide (for the third consecutive quarter) and ranked second when it came to monthly active users for all mobile games on Google Play for both the quarter and the full year. In Southeast Asia and Latin America, Free Fire remained the highest-grossing mobile game for the 10th consecutive quarter. Free Fire was the highest-grossing mobile battle royal game in the US for Q4 and FY 2021. All impressive achievements for a company with its first self-developed game.</p><p>What these numbers clearly show is that Free Fire, which accounts for about 75% of Garena&#39;s revenue, is still (here it comes)<i>firing</i>on all cylinders. It&#39;s a hugely successful game, and it keeps doing well, but the difference between Q4 2021 and Q4 2020 is, of course, that kids now have to go to school or college and, therefore, simply have less time to play their favorite game. Free Fire still grows, albeit modestly, which is a substantial accomplishment, although many won&#39;t see it like that. Overall, engagement in gaming has declined, as you can also see from the results from other gaming companies and that&#39;s not strange, considering the circumstances. We come back to Garena later in this article.</p><h2>Shopee</h2><p>Shopee&#39;s revenue came in at $1.6B, up 89.4% YoY, a very strong achievement, as this is also on top of a Covid-fueled Q4 2020. $1.3B came from marketplace revenue, up 103.5% YoY, the remaining $300M from product revenue, up 48.1% YoY. Product revenue is revenue from Shopee as 1P, in other words, products the company buys and sells itself, like the original Amazon model. As you can see, the marketplace revenue grows much faster, and of course, margins have the potential to be much higher there as well.</p><p>There were two billion gross orders in Q4 2021, resulting in 90.1% YoY growth, and total GMV came in at $18.2B. GMV stands for gross merchandise volume, meaning the total dollar amount of everything sold on the platform in Q4. GMV grew 52.7% YoY.</p><p>It&#39;s not strange to see this grow less outspoken than gross orders if you know the context. Shopee has launched in quite a few new markets recently (India, Mexico, Argentina...), and in new markets, people always tend to buy lower-priced items to test out the service. That lowers the average ticket price of items sold. With $18.2B and two billion orders, the average item cost is just above $9, relatively low, but you should see that go up over time, as it previously did in other markets.</p><p>The EBITDA for Shopee in Q4 was a loss of $877.7 million, more than doubling the EBITDA loss of 427.5M of Q4 2020. Again, this is the consequence of launching in new markets. If it launches,Shopeeinitially takes big losses because of free shipping and an extremely low take-rate (often zero) to onboard merchants. This could be another reason why investors are worried. In these times, interest rates are expected to grow. According to some banks, nine interest rate hikes areexpectedfor 2022 (which I don&#39;t see happening). Investors see this and they get scared about the big losses that Shopee brings to Sea. I&#39;ll address this worry later in the article.</p><p>In Southeast Asia and Taiwan, Shopee&#39;s original market, the EBITDA loss per order was $0.15, down from $0.21 in Q4 2020. That also shows that the bigger losses don&#39;t come from there, even though orders probably went up quite significantly. Again, the bigger losses came from the new markets Shopee invests in heavily to gain market share. It does that quite successfully, I should add.</p><h2>SeaMoney</h2><p>E-commerce platforms are not really that great when it comes to investing in them. The real value for shareholders is in the extra services built on top of them. Amazon launched Prime, MercadoLibre added MercadoPago and those are the real high-margin businesses that are interesting for the long-term investors that we are as Multis.</p><p>For Sea, SeaMoney is a great opportunity. Shopee is crucial in the acquisition of customers for SeaMoney. The service is fully integrated with Shopee. While Shopee&#39;s results were outstanding, SeaMoney&#39;s results were jaw-dropping.</p><p>Revenue was up 711.1% YoY to $197.5M in Q4. Of course, this was growing from a small basis, but that growth in just one year is always very impressive to see. At the same time, the EBITDA loss went down from $171.3M in last year&#39;s Q4 to $149.8M in Q4 2021. TPV (total payment volume) was up 70.1% YoY to $5B.</p><h2>In trouble or not?</h2><p>As you can guess, from the stock price drop, investors saw reasons that worried them. And a stock that is down 70% could indicate a company in trouble, right? Not so here.</p><h3>1. Garena</h3><p>Garena is seen as the main cause of the significant stock price drop. What mostly spooked investors was that several key metrics came down QoQ:</p><p><img src=\"https://static.tigerbbs.com/4285af7dc6e461e29bb2be62413b9792\" tg-width=\"308\" tg-height=\"421\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Earnings slides</p><p><img src=\"https://static.tigerbbs.com/1f487efbc5b4012d4ed433aeb7e0d3df\" tg-width=\"401\" tg-height=\"443\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Earnings slides</p><p><img src=\"https://static.tigerbbs.com/c7dd3b8252149dd4794e976231a52873\" tg-width=\"400\" tg-height=\"399\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Earnings slides</p><p><i>(Source:earnings call slides)</i></p><p>Especially the QPUs were down a lot compared to Q3 2021: 20%. QAUs were down 11.5% and bookings, the most important metric as this predicts the future revenue of Garena, 9%.</p><p>If you look at Activision Blizzard&#39;s (ATVI) resultsas a comparison, you see that Sea has actually done pretty well. Activision Blizzard&#39;s bookings were down 18.6% YoY already in Q4. However, it has to be said that Blizzard, the mobile gaming division, did better than the rest of the company&#39;s divisions, but still worse than Garena.</p><p>So, this is not a bad performance from Garena, but an industry-wide slowdown compared to that exceptional previous year that they had. You could argue that because of its core market in Southeast Asia, Garena&#39;s slowdown was slower to kick in as the pandemic restrictions were kept in place for a longer time there.</p><p>If you look at FY 2021, Garena&#39;s revenue was up 114.3% YoY to $4.3B, while bookings rose 44.3% YoY to $4.6B. For 2022, Sea projects bookings of $2.9B to $3.1B, which means 35% less than in 2021. While the adjusted EBTIDA was 60% of bookings in 2021, the current trend shows that this will probably be more between 50% and 55% going forward.</p><p>This was emphasized everywhere: Garena would no longer be a cash cow to fuel Sea&#39;s growth in its two other divisions. Some called this a huge problem. I can see the cause of the concerns, but I tend to disagree that this is a thesis-changing outlook if you consider this into a broader context, if you listen carefully to what management says, and especially if you look at the long term. Let me explain.</p><p>With $3B in bookings for FY 2022 and 50% EBITDA margins (both are very conservative, in my opinion), Garena would produce $1.5B in EBITDA for Sea. With $4.3B in bookings and 60% EBITDA margins, this was $2.58B in EBITDA in 2021. That&#39;s, give and take, a difference of $1.3B for one year, which is quite substantial, of course.</p><p>I think in reality, the difference will be smaller, as the company always guides very conservatively and on top of that, it has excluded India for the whole year, while there might be a solution coming, especially now that the Singaporean government has put its weight behind Sea versus the Indian government, asseveral sources have reported.</p><p>We still don&#39;t know why Free Fire was banned exactly. Did Garena partly use Chinese (Tencent) data centers? Seapointed out:</p><blockquote>We do not transfer to, or store any data of our Indian users in, China.</blockquote><p>Or was it the company structure, in which Tencent used to have quite some voting rights? Remarkably, Free Fire was banned just two days before Sea&#39;s General Meeting, which formalized the changes through which Tencent got less than 10% of the voting power.</p><p>Despite some Tencent ownership, Sea is entirely Singaporean and the relations between India and Singapore have been very good for a very long time. They signed the CECA (Comprehensive Economic Cooperation Agreement) in 2005 and Singapore is India&#39;s 5th-largest trading partner.</p><p>Forrest Li said on the conference call:</p><blockquote>We remain extremely focused on developing Garena&#39;s global platform, which we see as a key strategic asset in the long run.</blockquote><p>And in the press release:</p><blockquote>We are working on multiple prototype games across different stages through both self-development and publishing pipelines. In 2022 and beyond, we expect to expand our portfolio with more games across diverse genres such as multiplayer action, role-playing, sandbox and casual games.</blockquote><p>An analyst pressed a bit on the conference call, but Sea is not the company to announce long before. It only communicates when it can launch. But they are likely working on something new that can help Free Fire carry the burden of Garena. In 2020, it bought Phoenix Labs, the maker of Dauntless, and in 2021, it made investments in five other gaming companies. So I think they are working on something, but as is typical for the company, they only want to communicate when there is a launch date.</p><p>In 2023 (I think at the end of the year, but I haven&#39;t found explicit confirmation there), the current deal with Tencent (OTCPK:TCEHY) expires. Because of that deal, signed in 2018, the company has the first right to publish all Tencent games in Southeast Asia. So maybe that deal could be extended, maybe not. In any case, I think Garena needs a second game before that, just to hedge against a less favorable or no deal anymore.</p><p>Forrest Li addressed this issue and pointed out that next to developing their own games, Garena could expand their distribution deals beyond Tencent.</p><blockquote>Over the long-term, our priority remains sustaining and growing our existing major franchises, while diversifying our games portfolio. Our strong and growing self-development capabilities will be a key component of this diversification effort. Our teams are working on multiple prototype games across different genres and stages.</blockquote><blockquote>In due course, we expect to bring more self-developed games to market. We also continue to actively acquire and invest in top talent and game IP to further expand our capabilities of both genre and geographies. Meanwhile, we will keep growing our publishing relationships, leveraging our unique set of strengths across diverse global markets.</blockquote><p>Garena is also already working on the metaverse. Forrest Li onthe conference call:</p><blockquote>Additionally, we have seen strong engagements with user-generated content through modes like Craftland, our recently introduced map editor feature. Since the launch the most popular Craftland maps have subscribed by close to 40 million users so far.</blockquote><blockquote>We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.</blockquote><h3>2. Shopee</h3><p>With a negative EBITDA of $877M in a quarter, Shopee could be a reason to worry as well, especially now that Garena will be less profitable. Shopee had a negative $0.15 EBITDA per order. With two billion orders in a quarter, that&#39;s problematic, you would think. But it&#39;s not. Shopee is the number one marketplace now in all of its Southeastern Asian markets, even Indonesia, which was confirmed in the press release (my italics).</p><blockquote>In<i>Indonesia, where Shopee is the largest e-commerce platform</i>, gross orders grew by around 88% year-on-year. Shopee also continued to rank first in the Shopping category by average monthly active users and total time spent in-app for the fourth quarter and for the full year of 2021, according todata.ai.</blockquote><p>That&#39;s very exciting. Indonesia is expected to be one of the top-5 economies in 2050 (after China, the US, and India). Even if that prediction proves to be too optimistic, it&#39;s still a huge country with a huge population and huge growth perspectives.</p><p>Suppose the Garena projections would be accurate. $1.5B in EBITDA for Sea. That&#39;s free money, so to speak, to grow the two other businesses. Mercado Libre (MELI), Shopee&#39;s most significant competitor in LatAm, doesn&#39;t have that highly profitable division. GoTo, the company formed by Gojek and Tokopedia, the only really powerful competitor in Indonesia, doesn&#39;t have that capital either. Lazada, owned by Alibaba, has the firepower, of course, but it has had that for years and still, it lost its dominant position to Shopee over time. Shopee is the number one in all of the countries it launched in originally: Indonesia, the Philippines, Taiwan, Thailand, Malaysia, Singapore and Vietnam.</p><p>Being the biggest gives Sea leverage. Would you skip to another platform for $0.15 extra on an order of probably around $15 (as that&#39;s probably the current order size in SEA by now)? That&#39;s just 1%. I know that I wouldn&#39;t.</p><p>This is what Forrest Li, Sea&#39;s founder and CEO, said on the conference call:</p><blockquote>We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year.</blockquote><p>I&#39;m not sure what &#39;HQ cost allocation&#39; is precisely and that could have been made clearer. Is it a form of G&amp;A (general and administrative costs)? I like that Sea gives us a lot of insights in their business, much more than, for example, Amazon or Google do, but this should have been made clearer to know the impact.</p><p>But for the rest, this is good. In its guidance, Sea expects Shopee&#39;s revenue to grow by more than 75% in 2022 to $8.9B to $9.1B. It would be a good development if that can be profitable, or even at just a slight loss (after &#39;HQ cost allocation&#39;) in Shopee&#39;s core market. That means that the money that Garena still generates (and about $10B on the balance sheet) can be used to grow Shopee in Brazil and even earlier markets. From thepress release:</p><blockquote>In Brazil, where Shopee was launched in late 2019, we have already achieved strong traction with meaningful commercialization and improving efficiency.</blockquote><p>As you see, even in Brazil, the efficiency is improving, just barely two years after the launch.</p><p>Investors often make projections by drawing lines. From negative EBITDA of $427M to negative $877M, a red alarm goes off in their head, signaling that this is unsustainable. And, of course, it is. But you can&#39;t just draw a line from a loss of $427M to $877M to even more losses. Bringing things to the essence is very important in investing, but it is too complicated to make it too simple.</p><p>Of course, you should still expect negative EBITDA next year, as Shopee expects to continue investing heavily in Brazil. Forrest Li on the conference call:</p><blockquote>Broadly speaking Shopee LatAm and Brazil in particular, as well as R&amp;D will be our top two focus areas for investments. Our investments and the overall impact on the bottom line is likely front-loaded as unit economics and profitability for our businesses generally improve with scale.</blockquote><p>Forrest Li has shown that he executes when he talks. It&#39;s very rare for him to pound his chest. This time, he did that a bit, though, probably to comfort his shareholders, pointing out that Shopee has already been very successful in seven very diverse markets before. Here you see why I say that he pounds his chest because of Sea&#39;s shareholders (<i>my bold</i>):</p><blockquote>Of course, it&#39;d be much easier operationally for us to just focus on the seven existing core markets for Shopee. However, we strongly believe that by investing prudently and sustainably in Shopee Lat Am and Brazil in particular,<b>we will generate significant value for our shareholders in the long run.</b></blockquote><blockquote>While we do not underestimate the challenges of any new market expansion, I would also like to highlight that we have an established track record, seven times in seven highly diverse and complex markets of Southeast Asia and Taiwan, where we started in each of those markets in 2015. We have significantly net resources, experience and the know-how and as a result, find a much more formidable competitive landscape that we currently do in our market expansion.</blockquote><p>I really like this whole quote, as it shows everything I like about Sea and Forrest Li. They don&#39;t take the easy road that would be easiest for the short term; they look at this from a long-term perspective. As a long-term investor, that&#39;s music to my ears. Li also doesn&#39;t deny that it&#39;s hard what Shopee tries, but he shows that Shopee has the experience of seven different countries. Many investors who don&#39;t live in Southeast Asia may see the region as one part of the world, but the reality is that all countries are entirely different. For example, Singapore is a wealthy city-state with one of the lowest corruption rates in the world (far better than the US and most European countries). On the other hand, Indonesia is a conglomerate of thousands of islands, which is much earlier in its development and has a ton of internal regional differences. And those are just two of the seven.</p><p>Shopee sees big success in Brazil. In Q4 2021, it had 140 million orders, up 400% YoY for $70M of revenue, up 326% YoY. That means that there was just $0.50 of revenue for Shopee per order, and there was a significant loss on every order, of course. The company shared in its press release that the EBITDA loss per order improved by more than 40% YoY, to below $2.00. But that still means an EBITDA loss of $280M in just a quarter. For 2022, you can expect the same thing: improving losses, but still, substantial losses. While that may sound scary, it&#39;s part of Shopee&#39;s success formula.</p><p>In just two years, Shopee Brazil managed to rank first by downloads in the shopping category and total time spent in-app and second by average monthly active users in Brazil. That&#39;s simply insane. If you see this, and you can separate yourself from your emotions about the stock price, I think you see that the potential for Sea is vast.</p><p>If you look worldwide, Shopee ranked first for downloads in the shopping category both for Q4 and for FY 2021. Shopee also ranked first globally regarding total time spent in-app for shopping on Google Play. The iPhone is primarily a Western story; outside of the US and Western Europe, Google&#39;s Android dominates the market by a gigantic market share of probably 90%, so this is very important. Shopee also ranked second worldwide on Google Play when it came to average MAUs (monthly active users) in Q4 and FY 2021.</p><p>Shopee is on track to go to nearly $100B in GMV in 2022. That means that whole families depend on the platform, both from the merchant and customer sides. That means that Shopee has pricing power, even if that will always be limited because of the competition. It can add several extra monetizable services for merchants (ads, more insights, gamification, etc.) and it could introduce some sort of Amazon (AMZN) Prime formula in the future, especially if you combine it with its two other current divisions.</p><h3>3. SeaMoney</h3><p>SeaMoney is crucial for Sea over the longer term. With revenue growth of 711% in 2021, the comps are of course hard, but Sea sees growth of 155% to $1.2B at the midpoint for the current year on top of that 711% growth. And if history is a guide, it will probably beat that guidance.</p><p>The company even expects SeaMoney to be cashflow positive by next year, showing how quickly this can scale. Of course, there are high upfront costs, and the investments will continue, but the relatively higher gross margins and flexibility promise many good things for the future. Once the banking charters Sea has obtained in several countries start to kick in more and more, this will mean even more profitability for SeaMoney.</p><p>The operating leverage also shows in the number of users. The QAUs (quarterly average users) went up 89.7%. Do you see the huge difference between user growth and revenue growth (remember 711%)? That&#39;s just the start for SeaMoney but it shows the vast potential.</p><p>One of the reasons is cross-selling, just like MercadoPago has done and is continuing to do, for example, with MercadoCredito. From Sea&#39;spress release:</p><blockquote>In Indonesia, which has the most comprehensive set of products and services among our markets, over 20% of the quarterly active users have used multiple SeaMoney products or services in the fourth quarter. We view this as a highly positive indicator of the strong efficiencies we can leverage in bringing new offerings to our large and fast-growing user base on the Shopee and SeaMoney platforms, which are both highly synergistic with one another and enjoy a strong flywheel effect in the scaling of each platform.</blockquote><p>Again, I should add that this is just the start. More and more products will be added in more and more markets. Again from the press release:</p><blockquote>We also expanded various products offerings including credit services to consumers and merchants across more markets, started offering services in digital banking and insurtech in Indonesia and obtained a bank license in the Philippines.</blockquote><p>That was new for me too. I didn&#39;t know that Sea already had a banking license in The Philippines. This is very interesting. The Philippines are another big market that is growing fast. I also didn&#39;t know that it started with insurtech in Indonesia. Sea now has banking licenses in Singapore, The Philippines and Indonesia (through the acquisition of Bank BKE) and has applied for one in Malaysia.</p><p>Shopee Brazil could launch SeaMoney (usually commercialized as ShopeePay) in a few years and other Latin American countries could follow. So there is still a ton of optionality.</p><h2>Summary of the outlook</h2><p>While some things look frightening without context, I think you should focus on what Sea is building over the long term. It has the financial power to continue to expand its reach. Yes, Garena is now back at 2020 levels, but that&#39;s not too bad. Shopee and SeaMoney have grown so fast that they can now use their scale advantages more and more. Shopee in Southeast Asia should be EBITDA positive this year already and SeaMoney next year.</p><p>Forrest Li on the conference call:</p><blockquote>As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.</blockquote><blockquote>We believe that we have the financial resources required to grow the two businesses to the inflection point without having to heavily rely on cash generated from the digital entertainment business. Of course, any additional growth from Garena will further strengthen our position.</blockquote><p>I think that this should give investors confidence. After all, Forrest Li has executed outstandingly so far; why not believe him now?</p><h2>Optionality</h2><p>The most important thing about Sea is that it still has so much optionality. Opportunities abound. Don&#39;t forget that the company has SAIL, which stands for Sea AI Labs. It spends a lot on R&amp;D there. Who knows, it may come up with a version of Upstart&#39;s AI for loans? It would definitely make sense. It could give its Shopee shoppers better recommendations, making them buy more. It could offer business software for its merchants to help them to sell better on Shopee. I&#39;m tired of the overhyped term metaverse, but with gaming, AI, shopping and an integrated payment solution, Sea seems to be fully ready when it would take off too. I&#39;m just thinking of some obvious ideas here, but there is a lot more.</p><p>There&#39;s also ShopeeFood, a food delivery service integrated into Shopee in a few markets. We probably all know that this is another very low-margin business, but if you can combine it with shopping (on Shopee) and grocery deliveries, it can be much more profitable, as Meituan has shown in China or Uber Eats shows for Uber (UBER). Just for the record, I&#39;m not a fan of Uber&#39;s business model but if there is anything good about this company its the Uber Eats division, in my opinion.</p><p>And those are just two existing divisions of Sea. The company has tried out several things in the past. It tries things out and kills them fast when they don&#39;t work. They had a sort of business communication platform at one time, a bit like Slack, but it was shut down after a few months. They launched Shopee in France, they saw it didn&#39;t work and they shut it down after just five months. That&#39;s at least as important as innovation: knowing when to stop wasting money and Sea has a good track record there as well.</p><h2>Valuation</h2><p>This is the P/S ratio of the stock since the IPO:</p><p><img src=\"https://static.tigerbbs.com/ed531584cceb657f74a305deccb360f4\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>As you can see, the valuation based on the P/S ratio is now almost at its lowest point ever, despite the fact that Sea is a much better and bigger company now, which means less risk.</p><p><img src=\"https://static.tigerbbs.com/64cd0f71b428c704d7f9816e330b04bc\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>If you look at Enterprise value divided by gross profit, it&#39;s even more apparent how cheap Sea has become.</p><p>If you divide Enterprise Value and Gross Profit, you see that Sea trades at an EV/GP of 12.48.</p><p>I recently used a few companies as examples in myTwilio valuation article. These numbers have changed a bit, so I have updated them.</p><p><img src=\"https://static.tigerbbs.com/2a239f0d913b7ff4356ef655615744aa\" tg-width=\"462\" tg-height=\"291\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Made by the author</p><p>Sea is expected to grow its revenue faster than all of these over the next three years. The consensus stands at 34%. I know that Sea has guided for &#39;just&#39; 32% growth next year but I think this will prove to be very conservative, as Sea usually sandbags the guidance.</p><p>EV/GP shows what a company<i>could</i>make, now or in the future. For the more mature companies, that&#39;s now, which means that their growth is slower. For younger companies like Sea, growth is still higher and you should expect profitability to only kick in later, as it&#39;s still growing fast. You want them to keep investing, but of course that growth must be sustainable. A company must have the means to fund its growth. With the cash that Garena still makes, the higher emphasis on profitability for Shopee and SeaMoney and Sea&#39;s big war chest of more than $10B, I don&#39;t think this is a problem. I believe Sea is cheap here.</p><p>Some might argue that the stock is still expensive because of the pandemic. But if we look at the pre-pandemic levels and compare to now, you see that the revenue and especially gross profit have gone up a lot more than the market cap.</p><p><img src=\"https://static.tigerbbs.com/ebf6c2d37c11d296812cb0bcd0083c68\" tg-width=\"635\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYChartsHigher risk</p><p>There is risk in every investment and there is no denying that the uncertainties have grown recently for Sea:</p><p>* What about Garena&#39;s slowdown? Will that continue in the future?</p><p>* What about Free Fire in India?</p><p>* What about Shopee in India? Could it be targeted as well?</p><p>* What about Sea&#39;s relation with Tencent? Will it still be the preferred distributor of Tencent games in Southeast Asia after 2023?</p><p>Despite the fact that Sea has grown into my biggest position (I started buying at $54), I shouldn&#39;t be too emotional about this and acknowledge that the risks have indeed grown recently. It will probably remain my biggest position and I will keep adding to my position, especially at these low prices, but I just can&#39;t ignore the higher risks that have emerged in the last few months. But the path of every fantastic stock ever has been paved with worries. For Sea, this is no different.</p><h2>Conclusion</h2><p>Despite a good quarter, Sea&#39;s stock price keeps slumping. It&#39;s down 75% from its recent highs now. That has made the stock cheap, in my opinion, which, of course, doesn&#39;t mean it can&#39;t go down more over the short term. I&#39;ll keep scaling in slowly over time. I still strongly believe that this company will become a giant over time.</p><p>It now has as much chance, or maybe even more, to go 10x from here than when I picked it for my subscribers almost two years ago at $54. As long as it keeps executing, and these earnings again proved that, it will remain a very high conviction stock for the long term for me.</p><p><i>In the meantime, keep growing!</i></p></body></html>","source":"lsy1638401102509","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>Sea: The 75% Crash, The Earnings And A Forecast</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\">\nSea: The 75% Crash, The Earnings And A Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-14 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4494978-sea-the-75-percent-crash-the-earnings-and-a-forecast><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially since then, bringing it down 75% from its high now.We look at the numbers in full detail and look at...</p>\n\n<a href=\"https://seekingalpha.com/article/4494978-sea-the-75-percent-crash-the-earnings-and-a-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4494978-sea-the-75-percent-crash-the-earnings-and-a-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113393789","content_text":"SummarySea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially since then, bringing it down 75% from its high now.We look at the numbers in full detail and look at several insights that we can get from the numbers. Context is extremely important here.We also look at the guidance and the future of Garena, Shopee and SeaMoney.Sea has a ton of optionality, some obvious, some less obvious.I argue why I think the stock has become cheap now from the perspective of a long-term investor.I do much more than just articles at Potential Multibaggers: Members get access to model portfolios, regular updates, a chat room, and more.kokkai/iStock Unreleased via Getty ImagesIntroductionSea's (SE) stock price has dropped a lot over the last few months and the recent Q4 and FY 2021 earnings results added to that drop, dropping 13% on the day of the earnings.Data byYChartsThe stock is now down 75% from its highs just a few months ago. And it is down ~58% year to date.Data byYChartsTo put this into a meaningful context, let's dive into the Q4 and FY 2021 earnings first, which were released on March 1. Then look at what worries investors and if to which level that is warranted or not.The results in numbersAs a group, Sea's revenue was $3.2B inQ4 2021, up 105.7% YoY, another double. Gross profit came in at $1.3B, up 145.6%. That's already important to see and therefore I want to point it out: gross profits are up more than revenue. The company has substantially higher gross profits than revenue growth, which shows that its growth leads to cost advantages, also known as operating leverage.The EBITDA, though, came in at a loss of $492.1M, while it was a positive $48.7M in Q4 2020, that strange year. We'll come back to this, but let's first look at Sea's different divisions.GarenaGarena's revenue was $1.4B, up 104.1% YoY. Bookings were $1.1B, up just 6.8% YoY. It's essential to understand the difference between these two. Bookings are the money that gamers have already paid, but that money can only be recognized as revenue when they spend it. If they pay $50 but only spend $10 in Q1 2022, there will be $10 in revenue but $50 in bookings. In that way, bookings give you a window into the future.The Garena EBITDA was $602.6M, down 10.11% YoY. That comes entirely from the margins going down from 65.5% to 55.7%. The QAUs or quarterly active users number was up 7.1% YoY. As you can see, this number is close to the 6.8% extra bookings and that's no coincidence as the two are linked closely.The QPU or quarterly paying users were up 5.6% YoY to 77.2 million. That's 11.8% of all the QUAs, while that was 12% in Q4 2020. Don't forget that Q4 was an exceptional quarter because of the pandemic, so this is still pretty good and above pre-pandemic levels. The average paying user paid $1.70, unchanged from Q4 2020.Free Fire remained the most downloaded game worldwide (for the third consecutive quarter) and ranked second when it came to monthly active users for all mobile games on Google Play for both the quarter and the full year. In Southeast Asia and Latin America, Free Fire remained the highest-grossing mobile game for the 10th consecutive quarter. Free Fire was the highest-grossing mobile battle royal game in the US for Q4 and FY 2021. All impressive achievements for a company with its first self-developed game.What these numbers clearly show is that Free Fire, which accounts for about 75% of Garena's revenue, is still (here it comes)firingon all cylinders. It's a hugely successful game, and it keeps doing well, but the difference between Q4 2021 and Q4 2020 is, of course, that kids now have to go to school or college and, therefore, simply have less time to play their favorite game. Free Fire still grows, albeit modestly, which is a substantial accomplishment, although many won't see it like that. Overall, engagement in gaming has declined, as you can also see from the results from other gaming companies and that's not strange, considering the circumstances. We come back to Garena later in this article.ShopeeShopee's revenue came in at $1.6B, up 89.4% YoY, a very strong achievement, as this is also on top of a Covid-fueled Q4 2020. $1.3B came from marketplace revenue, up 103.5% YoY, the remaining $300M from product revenue, up 48.1% YoY. Product revenue is revenue from Shopee as 1P, in other words, products the company buys and sells itself, like the original Amazon model. As you can see, the marketplace revenue grows much faster, and of course, margins have the potential to be much higher there as well.There were two billion gross orders in Q4 2021, resulting in 90.1% YoY growth, and total GMV came in at $18.2B. GMV stands for gross merchandise volume, meaning the total dollar amount of everything sold on the platform in Q4. GMV grew 52.7% YoY.It's not strange to see this grow less outspoken than gross orders if you know the context. Shopee has launched in quite a few new markets recently (India, Mexico, Argentina...), and in new markets, people always tend to buy lower-priced items to test out the service. That lowers the average ticket price of items sold. With $18.2B and two billion orders, the average item cost is just above $9, relatively low, but you should see that go up over time, as it previously did in other markets.The EBITDA for Shopee in Q4 was a loss of $877.7 million, more than doubling the EBITDA loss of 427.5M of Q4 2020. Again, this is the consequence of launching in new markets. If it launches,Shopeeinitially takes big losses because of free shipping and an extremely low take-rate (often zero) to onboard merchants. This could be another reason why investors are worried. In these times, interest rates are expected to grow. According to some banks, nine interest rate hikes areexpectedfor 2022 (which I don't see happening). Investors see this and they get scared about the big losses that Shopee brings to Sea. I'll address this worry later in the article.In Southeast Asia and Taiwan, Shopee's original market, the EBITDA loss per order was $0.15, down from $0.21 in Q4 2020. That also shows that the bigger losses don't come from there, even though orders probably went up quite significantly. Again, the bigger losses came from the new markets Shopee invests in heavily to gain market share. It does that quite successfully, I should add.SeaMoneyE-commerce platforms are not really that great when it comes to investing in them. The real value for shareholders is in the extra services built on top of them. Amazon launched Prime, MercadoLibre added MercadoPago and those are the real high-margin businesses that are interesting for the long-term investors that we are as Multis.For Sea, SeaMoney is a great opportunity. Shopee is crucial in the acquisition of customers for SeaMoney. The service is fully integrated with Shopee. While Shopee's results were outstanding, SeaMoney's results were jaw-dropping.Revenue was up 711.1% YoY to $197.5M in Q4. Of course, this was growing from a small basis, but that growth in just one year is always very impressive to see. At the same time, the EBITDA loss went down from $171.3M in last year's Q4 to $149.8M in Q4 2021. TPV (total payment volume) was up 70.1% YoY to $5B.In trouble or not?As you can guess, from the stock price drop, investors saw reasons that worried them. And a stock that is down 70% could indicate a company in trouble, right? Not so here.1. GarenaGarena is seen as the main cause of the significant stock price drop. What mostly spooked investors was that several key metrics came down QoQ:Earnings slidesEarnings slidesEarnings slides(Source:earnings call slides)Especially the QPUs were down a lot compared to Q3 2021: 20%. QAUs were down 11.5% and bookings, the most important metric as this predicts the future revenue of Garena, 9%.If you look at Activision Blizzard's (ATVI) resultsas a comparison, you see that Sea has actually done pretty well. Activision Blizzard's bookings were down 18.6% YoY already in Q4. However, it has to be said that Blizzard, the mobile gaming division, did better than the rest of the company's divisions, but still worse than Garena.So, this is not a bad performance from Garena, but an industry-wide slowdown compared to that exceptional previous year that they had. You could argue that because of its core market in Southeast Asia, Garena's slowdown was slower to kick in as the pandemic restrictions were kept in place for a longer time there.If you look at FY 2021, Garena's revenue was up 114.3% YoY to $4.3B, while bookings rose 44.3% YoY to $4.6B. For 2022, Sea projects bookings of $2.9B to $3.1B, which means 35% less than in 2021. While the adjusted EBTIDA was 60% of bookings in 2021, the current trend shows that this will probably be more between 50% and 55% going forward.This was emphasized everywhere: Garena would no longer be a cash cow to fuel Sea's growth in its two other divisions. Some called this a huge problem. I can see the cause of the concerns, but I tend to disagree that this is a thesis-changing outlook if you consider this into a broader context, if you listen carefully to what management says, and especially if you look at the long term. Let me explain.With $3B in bookings for FY 2022 and 50% EBITDA margins (both are very conservative, in my opinion), Garena would produce $1.5B in EBITDA for Sea. With $4.3B in bookings and 60% EBITDA margins, this was $2.58B in EBITDA in 2021. That's, give and take, a difference of $1.3B for one year, which is quite substantial, of course.I think in reality, the difference will be smaller, as the company always guides very conservatively and on top of that, it has excluded India for the whole year, while there might be a solution coming, especially now that the Singaporean government has put its weight behind Sea versus the Indian government, asseveral sources have reported.We still don't know why Free Fire was banned exactly. Did Garena partly use Chinese (Tencent) data centers? Seapointed out:We do not transfer to, or store any data of our Indian users in, China.Or was it the company structure, in which Tencent used to have quite some voting rights? Remarkably, Free Fire was banned just two days before Sea's General Meeting, which formalized the changes through which Tencent got less than 10% of the voting power.Despite some Tencent ownership, Sea is entirely Singaporean and the relations between India and Singapore have been very good for a very long time. They signed the CECA (Comprehensive Economic Cooperation Agreement) in 2005 and Singapore is India's 5th-largest trading partner.Forrest Li said on the conference call:We remain extremely focused on developing Garena's global platform, which we see as a key strategic asset in the long run.And in the press release:We are working on multiple prototype games across different stages through both self-development and publishing pipelines. In 2022 and beyond, we expect to expand our portfolio with more games across diverse genres such as multiplayer action, role-playing, sandbox and casual games.An analyst pressed a bit on the conference call, but Sea is not the company to announce long before. It only communicates when it can launch. But they are likely working on something new that can help Free Fire carry the burden of Garena. In 2020, it bought Phoenix Labs, the maker of Dauntless, and in 2021, it made investments in five other gaming companies. So I think they are working on something, but as is typical for the company, they only want to communicate when there is a launch date.In 2023 (I think at the end of the year, but I haven't found explicit confirmation there), the current deal with Tencent (OTCPK:TCEHY) expires. Because of that deal, signed in 2018, the company has the first right to publish all Tencent games in Southeast Asia. So maybe that deal could be extended, maybe not. In any case, I think Garena needs a second game before that, just to hedge against a less favorable or no deal anymore.Forrest Li addressed this issue and pointed out that next to developing their own games, Garena could expand their distribution deals beyond Tencent.Over the long-term, our priority remains sustaining and growing our existing major franchises, while diversifying our games portfolio. Our strong and growing self-development capabilities will be a key component of this diversification effort. Our teams are working on multiple prototype games across different genres and stages.In due course, we expect to bring more self-developed games to market. We also continue to actively acquire and invest in top talent and game IP to further expand our capabilities of both genre and geographies. Meanwhile, we will keep growing our publishing relationships, leveraging our unique set of strengths across diverse global markets.Garena is also already working on the metaverse. Forrest Li onthe conference call:Additionally, we have seen strong engagements with user-generated content through modes like Craftland, our recently introduced map editor feature. Since the launch the most popular Craftland maps have subscribed by close to 40 million users so far.We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.2. ShopeeWith a negative EBITDA of $877M in a quarter, Shopee could be a reason to worry as well, especially now that Garena will be less profitable. Shopee had a negative $0.15 EBITDA per order. With two billion orders in a quarter, that's problematic, you would think. But it's not. Shopee is the number one marketplace now in all of its Southeastern Asian markets, even Indonesia, which was confirmed in the press release (my italics).InIndonesia, where Shopee is the largest e-commerce platform, gross orders grew by around 88% year-on-year. Shopee also continued to rank first in the Shopping category by average monthly active users and total time spent in-app for the fourth quarter and for the full year of 2021, according todata.ai.That's very exciting. Indonesia is expected to be one of the top-5 economies in 2050 (after China, the US, and India). Even if that prediction proves to be too optimistic, it's still a huge country with a huge population and huge growth perspectives.Suppose the Garena projections would be accurate. $1.5B in EBITDA for Sea. That's free money, so to speak, to grow the two other businesses. Mercado Libre (MELI), Shopee's most significant competitor in LatAm, doesn't have that highly profitable division. GoTo, the company formed by Gojek and Tokopedia, the only really powerful competitor in Indonesia, doesn't have that capital either. Lazada, owned by Alibaba, has the firepower, of course, but it has had that for years and still, it lost its dominant position to Shopee over time. Shopee is the number one in all of the countries it launched in originally: Indonesia, the Philippines, Taiwan, Thailand, Malaysia, Singapore and Vietnam.Being the biggest gives Sea leverage. Would you skip to another platform for $0.15 extra on an order of probably around $15 (as that's probably the current order size in SEA by now)? That's just 1%. I know that I wouldn't.This is what Forrest Li, Sea's founder and CEO, said on the conference call:We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year.I'm not sure what 'HQ cost allocation' is precisely and that could have been made clearer. Is it a form of G&A (general and administrative costs)? I like that Sea gives us a lot of insights in their business, much more than, for example, Amazon or Google do, but this should have been made clearer to know the impact.But for the rest, this is good. In its guidance, Sea expects Shopee's revenue to grow by more than 75% in 2022 to $8.9B to $9.1B. It would be a good development if that can be profitable, or even at just a slight loss (after 'HQ cost allocation') in Shopee's core market. That means that the money that Garena still generates (and about $10B on the balance sheet) can be used to grow Shopee in Brazil and even earlier markets. From thepress release:In Brazil, where Shopee was launched in late 2019, we have already achieved strong traction with meaningful commercialization and improving efficiency.As you see, even in Brazil, the efficiency is improving, just barely two years after the launch.Investors often make projections by drawing lines. From negative EBITDA of $427M to negative $877M, a red alarm goes off in their head, signaling that this is unsustainable. And, of course, it is. But you can't just draw a line from a loss of $427M to $877M to even more losses. Bringing things to the essence is very important in investing, but it is too complicated to make it too simple.Of course, you should still expect negative EBITDA next year, as Shopee expects to continue investing heavily in Brazil. Forrest Li on the conference call:Broadly speaking Shopee LatAm and Brazil in particular, as well as R&D will be our top two focus areas for investments. Our investments and the overall impact on the bottom line is likely front-loaded as unit economics and profitability for our businesses generally improve with scale.Forrest Li has shown that he executes when he talks. It's very rare for him to pound his chest. This time, he did that a bit, though, probably to comfort his shareholders, pointing out that Shopee has already been very successful in seven very diverse markets before. Here you see why I say that he pounds his chest because of Sea's shareholders (my bold):Of course, it'd be much easier operationally for us to just focus on the seven existing core markets for Shopee. However, we strongly believe that by investing prudently and sustainably in Shopee Lat Am and Brazil in particular,we will generate significant value for our shareholders in the long run.While we do not underestimate the challenges of any new market expansion, I would also like to highlight that we have an established track record, seven times in seven highly diverse and complex markets of Southeast Asia and Taiwan, where we started in each of those markets in 2015. We have significantly net resources, experience and the know-how and as a result, find a much more formidable competitive landscape that we currently do in our market expansion.I really like this whole quote, as it shows everything I like about Sea and Forrest Li. They don't take the easy road that would be easiest for the short term; they look at this from a long-term perspective. As a long-term investor, that's music to my ears. Li also doesn't deny that it's hard what Shopee tries, but he shows that Shopee has the experience of seven different countries. Many investors who don't live in Southeast Asia may see the region as one part of the world, but the reality is that all countries are entirely different. For example, Singapore is a wealthy city-state with one of the lowest corruption rates in the world (far better than the US and most European countries). On the other hand, Indonesia is a conglomerate of thousands of islands, which is much earlier in its development and has a ton of internal regional differences. And those are just two of the seven.Shopee sees big success in Brazil. In Q4 2021, it had 140 million orders, up 400% YoY for $70M of revenue, up 326% YoY. That means that there was just $0.50 of revenue for Shopee per order, and there was a significant loss on every order, of course. The company shared in its press release that the EBITDA loss per order improved by more than 40% YoY, to below $2.00. But that still means an EBITDA loss of $280M in just a quarter. For 2022, you can expect the same thing: improving losses, but still, substantial losses. While that may sound scary, it's part of Shopee's success formula.In just two years, Shopee Brazil managed to rank first by downloads in the shopping category and total time spent in-app and second by average monthly active users in Brazil. That's simply insane. If you see this, and you can separate yourself from your emotions about the stock price, I think you see that the potential for Sea is vast.If you look worldwide, Shopee ranked first for downloads in the shopping category both for Q4 and for FY 2021. Shopee also ranked first globally regarding total time spent in-app for shopping on Google Play. The iPhone is primarily a Western story; outside of the US and Western Europe, Google's Android dominates the market by a gigantic market share of probably 90%, so this is very important. Shopee also ranked second worldwide on Google Play when it came to average MAUs (monthly active users) in Q4 and FY 2021.Shopee is on track to go to nearly $100B in GMV in 2022. That means that whole families depend on the platform, both from the merchant and customer sides. That means that Shopee has pricing power, even if that will always be limited because of the competition. It can add several extra monetizable services for merchants (ads, more insights, gamification, etc.) and it could introduce some sort of Amazon (AMZN) Prime formula in the future, especially if you combine it with its two other current divisions.3. SeaMoneySeaMoney is crucial for Sea over the longer term. With revenue growth of 711% in 2021, the comps are of course hard, but Sea sees growth of 155% to $1.2B at the midpoint for the current year on top of that 711% growth. And if history is a guide, it will probably beat that guidance.The company even expects SeaMoney to be cashflow positive by next year, showing how quickly this can scale. Of course, there are high upfront costs, and the investments will continue, but the relatively higher gross margins and flexibility promise many good things for the future. Once the banking charters Sea has obtained in several countries start to kick in more and more, this will mean even more profitability for SeaMoney.The operating leverage also shows in the number of users. The QAUs (quarterly average users) went up 89.7%. Do you see the huge difference between user growth and revenue growth (remember 711%)? That's just the start for SeaMoney but it shows the vast potential.One of the reasons is cross-selling, just like MercadoPago has done and is continuing to do, for example, with MercadoCredito. From Sea'spress release:In Indonesia, which has the most comprehensive set of products and services among our markets, over 20% of the quarterly active users have used multiple SeaMoney products or services in the fourth quarter. We view this as a highly positive indicator of the strong efficiencies we can leverage in bringing new offerings to our large and fast-growing user base on the Shopee and SeaMoney platforms, which are both highly synergistic with one another and enjoy a strong flywheel effect in the scaling of each platform.Again, I should add that this is just the start. More and more products will be added in more and more markets. Again from the press release:We also expanded various products offerings including credit services to consumers and merchants across more markets, started offering services in digital banking and insurtech in Indonesia and obtained a bank license in the Philippines.That was new for me too. I didn't know that Sea already had a banking license in The Philippines. This is very interesting. The Philippines are another big market that is growing fast. I also didn't know that it started with insurtech in Indonesia. Sea now has banking licenses in Singapore, The Philippines and Indonesia (through the acquisition of Bank BKE) and has applied for one in Malaysia.Shopee Brazil could launch SeaMoney (usually commercialized as ShopeePay) in a few years and other Latin American countries could follow. So there is still a ton of optionality.Summary of the outlookWhile some things look frightening without context, I think you should focus on what Sea is building over the long term. It has the financial power to continue to expand its reach. Yes, Garena is now back at 2020 levels, but that's not too bad. Shopee and SeaMoney have grown so fast that they can now use their scale advantages more and more. Shopee in Southeast Asia should be EBITDA positive this year already and SeaMoney next year.Forrest Li on the conference call:As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.We believe that we have the financial resources required to grow the two businesses to the inflection point without having to heavily rely on cash generated from the digital entertainment business. Of course, any additional growth from Garena will further strengthen our position.I think that this should give investors confidence. After all, Forrest Li has executed outstandingly so far; why not believe him now?OptionalityThe most important thing about Sea is that it still has so much optionality. Opportunities abound. Don't forget that the company has SAIL, which stands for Sea AI Labs. It spends a lot on R&D there. Who knows, it may come up with a version of Upstart's AI for loans? It would definitely make sense. It could give its Shopee shoppers better recommendations, making them buy more. It could offer business software for its merchants to help them to sell better on Shopee. I'm tired of the overhyped term metaverse, but with gaming, AI, shopping and an integrated payment solution, Sea seems to be fully ready when it would take off too. I'm just thinking of some obvious ideas here, but there is a lot more.There's also ShopeeFood, a food delivery service integrated into Shopee in a few markets. We probably all know that this is another very low-margin business, but if you can combine it with shopping (on Shopee) and grocery deliveries, it can be much more profitable, as Meituan has shown in China or Uber Eats shows for Uber (UBER). Just for the record, I'm not a fan of Uber's business model but if there is anything good about this company its the Uber Eats division, in my opinion.And those are just two existing divisions of Sea. The company has tried out several things in the past. It tries things out and kills them fast when they don't work. They had a sort of business communication platform at one time, a bit like Slack, but it was shut down after a few months. They launched Shopee in France, they saw it didn't work and they shut it down after just five months. That's at least as important as innovation: knowing when to stop wasting money and Sea has a good track record there as well.ValuationThis is the P/S ratio of the stock since the IPO:Data byYChartsAs you can see, the valuation based on the P/S ratio is now almost at its lowest point ever, despite the fact that Sea is a much better and bigger company now, which means less risk.Data byYChartsIf you look at Enterprise value divided by gross profit, it's even more apparent how cheap Sea has become.If you divide Enterprise Value and Gross Profit, you see that Sea trades at an EV/GP of 12.48.I recently used a few companies as examples in myTwilio valuation article. These numbers have changed a bit, so I have updated them.Made by the authorSea is expected to grow its revenue faster than all of these over the next three years. The consensus stands at 34%. I know that Sea has guided for 'just' 32% growth next year but I think this will prove to be very conservative, as Sea usually sandbags the guidance.EV/GP shows what a companycouldmake, now or in the future. For the more mature companies, that's now, which means that their growth is slower. For younger companies like Sea, growth is still higher and you should expect profitability to only kick in later, as it's still growing fast. You want them to keep investing, but of course that growth must be sustainable. A company must have the means to fund its growth. With the cash that Garena still makes, the higher emphasis on profitability for Shopee and SeaMoney and Sea's big war chest of more than $10B, I don't think this is a problem. I believe Sea is cheap here.Some might argue that the stock is still expensive because of the pandemic. But if we look at the pre-pandemic levels and compare to now, you see that the revenue and especially gross profit have gone up a lot more than the market cap.Data byYChartsHigher riskThere is risk in every investment and there is no denying that the uncertainties have grown recently for Sea:* What about Garena's slowdown? Will that continue in the future?* What about Free Fire in India?* What about Shopee in India? Could it be targeted as well?* What about Sea's relation with Tencent? Will it still be the preferred distributor of Tencent games in Southeast Asia after 2023?Despite the fact that Sea has grown into my biggest position (I started buying at $54), I shouldn't be too emotional about this and acknowledge that the risks have indeed grown recently. It will probably remain my biggest position and I will keep adding to my position, especially at these low prices, but I just can't ignore the higher risks that have emerged in the last few months. But the path of every fantastic stock ever has been paved with worries. For Sea, this is no different.ConclusionDespite a good quarter, Sea's stock price keeps slumping. It's down 75% from its recent highs now. That has made the stock cheap, in my opinion, which, of course, doesn't mean it can't go down more over the short term. I'll keep scaling in slowly over time. I still strongly believe that this company will become a giant over time.It now has as much chance, or maybe even more, to go 10x from here than when I picked it for my subscribers almost two years ago at $54. As long as it keeps executing, and these earnings again proved that, it will remain a very high conviction stock for the long term for me.In the meantime, keep growing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928153498,"gmtCreate":1671228432514,"gmtModify":1676538511780,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928153498","repostId":"1113454322","repostType":4,"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}