Jasmimim personal page - To The Moon

Jasmimim

Jasmimim

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2023-04-14

TGIF n happy weekend

2023-04-09

Happy Sunday morning

2023-04-09

Weekend

@TigerEvents:【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher

2023-02-02

good

Sorry, the original content has been removed

2023-01-03

Nice

2022-12-30

Cool goal

2022-12-26

Good goal

2022-12-15

Win World Cup

2022-12-11

$NIO Inc.(NIO)$

2022-12-03

$NIO Inc.(NIO)$

2022-12-03

$SINGAPORE EXCHANGE LIMITED(S68.SI)$

2022-11-28

$NIO Inc.(NIO)$

2022-11-26

$SINGAPORE EXCHANGE LIMITED(S68.SI)$

2022-11-26

$NIO Inc.(NIO)$

2021-09-17

Good

@Huatchin:$Walt Disney(DIS)$To the moon

2021-09-15

Didi when u can wake up huh?

2021-09-15

Didi when u can wake up huh?

2021-07-09

Good

Meme Stocks Like GameStop and AMC Reflect Market Reality

2021-07-09

Good

Potential cyber attack on financial system is greatest threat to markets, Guggenheim's Minerd says

2021-07-07

good

@格隆汇:超百倍認購的朝聚眼科（2219.HK）暗盤收漲，首秀表現值得期待

Go to Tiger App to see more news

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huh?","images":[{"img":"https://static.tigerbbs.com/e172e3b813a8ad28fd34e44d48a0ca47","width":"750","height":"821"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/882401713","isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141136993,"gmtCreate":1625841430312,"gmtModify":1703749705124,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141136993","repostId":"1173374462","repostType":4,"repost":{"id":"1173374462","pubTimestamp":1625840008,"share":"https://www.laohu8.com/m/news/1173374462?lang=&edition=full","pubTime":"2021-07-09 22:13","market":"us","language":"en","title":"Meme Stocks Like GameStop and AMC Reflect Market Reality","url":"https://stock-news.laohu8.com/highlight/detail?id=1173374462","media":"Thestreet","summary":"Gamestop (GME) made some investors rich… and then it broke many more. Investing in AMC Entertainment","content":"<p>Gamestop&nbsp;(<b>GME</b>)&nbsp;made some investors rich… and then it broke many more. Investing in AMC Entertainment&nbsp;(<b>AMC</b>)&nbsp;did the exact same thing. These two stocks represent, if not failing businesses, at least ailing ones; companies that struggled to keep up with the new economy even before the pandemic shut down large swaths of it. Yet over the past few months they have posted some of the most volatile gains and losses on the market.</p>\n<p>How?</p>\n<p>It’s down to what Real Money's Timothy Collins calls the market of “meme stock hyperbole.” But, he writes, is it really all that different from how trading has always worked?</p>\n<p>Have you ever really thought about the phrases 'to the moon' or 'conviction buy,' and how they mess with out perception of fair value?</p>\n<p>\"Initially, I rolled my eyes at the continued use of the phrase 'To The Moon,'\" Collins says. \"It's not like 'Strong Buy with a price target of $65', for instance. 'To the moon' is completely arbitrary and open to interpretation, but then again so are most things about valuation, when you think about it,\" Collins wrote.</p>\n<p>\"For instance, when an analyst pounds the table on a stock, how is that different from 'to the moon?' Or when someone says, 'all in.' Are they really all in? Did they cash in all their assets, pool the liquidity, and buy every share they possibly could? Probably not. Actually, I'd say definitely not 99.9999% of the time. Of course, there's always that one person,\" Collins said.</p>\n<p>\"But the point isWall Street has been arbitraryfor years. We can't even have a standard rating system. Is it 'Neutral' or 'Hold?' And really, do I want to hold something that is only in the middle of your range? No.\"</p>\n<p>Collins writes, \"The system should be 'buy' or 'sell.' That's it. Black or white. Own or don't own.\"</p>\n<p>Assets like GameStop and even cryptocurrency seem to be selling on nothing more than pure emotion. Investors are taking these products for a joy ride, and that tends to send prices flying up and down the ladder.</p>\n<p>That’s confusing, to be sure. Just, before you go throwing your hands in the air, it’s important to remember that the stock market has always been at least a little bit arbitrary.</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>Meme Stocks Like GameStop and AMC Reflect Market Reality</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\">\nMeme Stocks Like GameStop and AMC Reflect Market Reality\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 22:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/meme-stocks-like-gamestop-amc-reflect-market-reality><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gamestop (GME) made some investors rich… and then it broke many more. Investing in AMC Entertainment (AMC) did the exact same thing. These two stocks represent, if not failing businesses, at least ...</p>\n\n<a href=\"https://www.thestreet.com/investing/meme-stocks-like-gamestop-amc-reflect-market-reality\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.thestreet.com/investing/meme-stocks-like-gamestop-amc-reflect-market-reality","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173374462","content_text":"Gamestop (GME) made some investors rich… and then it broke many more. Investing in AMC Entertainment (AMC) did the exact same thing. These two stocks represent, if not failing businesses, at least ailing ones; companies that struggled to keep up with the new economy even before the pandemic shut down large swaths of it. Yet over the past few months they have posted some of the most volatile gains and losses on the market.\nHow?\nIt’s down to what Real Money's Timothy Collins calls the market of “meme stock hyperbole.” But, he writes, is it really all that different from how trading has always worked?\nHave you ever really thought about the phrases 'to the moon' or 'conviction buy,' and how they mess with out perception of fair value?\n\"Initially, I rolled my eyes at the continued use of the phrase 'To The Moon,'\" Collins says. \"It's not like 'Strong Buy with a price target of $65', for instance. 'To the moon' is completely arbitrary and open to interpretation, but then again so are most things about valuation, when you think about it,\" Collins wrote.\n\"For instance, when an analyst pounds the table on a stock, how is that different from 'to the moon?' Or when someone says, 'all in.' Are they really all in? Did they cash in all their assets, pool the liquidity, and buy every share they possibly could? Probably not. Actually, I'd say definitely not 99.9999% of the time. Of course, there's always that one person,\" Collins said.\n\"But the point isWall Street has been arbitraryfor years. We can't even have a standard rating system. Is it 'Neutral' or 'Hold?' And really, do I want to hold something that is only in the middle of your range? No.\"\nCollins writes, \"The system should be 'buy' or 'sell.' That's it. Black or white. Own or don't own.\"\nAssets like GameStop and even cryptocurrency seem to be selling on nothing more than pure emotion. Investors are taking these products for a joy ride, and that tends to send prices flying up and down the ladder.\nThat’s confusing, to be sure. Just, before you go throwing your hands in the air, it’s important to remember that the stock market has always been at least a little bit arbitrary.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141131771,"gmtCreate":1625841406893,"gmtModify":1703749703563,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141131771","repostId":"1107084554","repostType":4,"repost":{"id":"1107084554","pubTimestamp":1625840465,"share":"https://www.laohu8.com/m/news/1107084554?lang=&edition=full","pubTime":"2021-07-09 22:21","market":"us","language":"en","title":"Potential cyber attack on financial system is greatest threat to markets, Guggenheim's Minerd says","url":"https://stock-news.laohu8.com/highlight/detail?id=1107084554","media":"CNBC","summary":"Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that inves","content":"<div>\n<p>Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that investors were unprepared for the havoc that a cyber attack on key pieces of financial infrastructure ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Potential cyber attack on financial system is greatest threat to markets, Guggenheim's Minerd says</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\">\nPotential cyber attack on financial system is greatest threat to markets, Guggenheim's Minerd says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 22:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that investors were unprepared for the havoc that a cyber attack on key pieces of financial infrastructure ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html\">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"},"source_url":"https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1107084554","content_text":"Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that investors were unprepared for the havoc that a cyber attack on key pieces of financial infrastructure would create.\nMinerd told CNBC’sBrian Sullivanthat his top concern for the market was a potential cyberattack on critical parts of the financial system, outweighing worries about the pandemic or government action.\n“The number one thing, I think, now is the sustainability of the global payments system. In the wake of a number of these cyberattacks, which we’ve seen many, I think it would be very easy to imagine an attack on the digital payment system,” Minerd said, pointing to programs like FedWire and the Depositary Trust Company.\nCybersecurity is a growing concern in multiple industries as multiple high-profile attacks have hit U.S. companies over the past year, includinghospitalsandColonial Pipeline. President Joe Biden signed anexecutive orderin May aimed at strengthening cybersecurity in the U.S.\nThe risk of hackers taking aim at the financial system is not well appreciated by investors, Minerd said.\n“I see us as being exceptionally vulnerable in this area right now, and it’s not something I’m hearing people talk about, which always kind of makes me think that you are more likely to experience it when people aren’t talking about it,” Minerd said. “If that happened, I’d think we’d actually have to close the major exchanges for a period of time, and obviously that would lead to a collapse in stock prices.”\nMinerd is not a cybersecurity expert and he said his concern was based on how he felt markets would react and not on particular technical flaw that he was aware of.\nThe Guggenheim investor has made two correct calls on markets this year, predicting aslide in Treasury yieldsand asharp fall in bitcoin.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140068064,"gmtCreate":1625620072858,"gmtModify":1703744998399,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140068064","repostId":"157208445","repostType":1,"repost":{"id":157208445,"gmtCreate":1625582178887,"gmtModify":1703744371724,"author":{"id":"39105730803552","authorId":"39105730803552","name":"格隆汇","avatar":"https://static.tigerbbs.com/8774dfe20eceb38c9645128bb6e60684","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"超百倍認購的朝聚眼科（2219.HK）暗盤收漲，首秀表現值得期待","htmlText":"華北地區領先、全國知名的眼科醫療服務集團朝聚眼科於7月6日公佈招股結果。據公告所示，朝聚眼科公開發售部分錄得113.97倍認購倍數，國際配售部分所獲約17.83倍認購倍數，加上公司是次IPO招股價最終以10.60港元的招股區間上限定價，以上數據均可直接反映出公司受到市場熱捧的情況。朝聚眼科IPO引入基石投資者包括富國基金、Gigantic Wealth、The Valliance Fund及通柏資本(香港)，合共認購7,467.45萬股股份，佔經回撥後國際配售約87.4%比例，由此可見無論散戶還是機構，在招股階段對公司“籌碼”的需求遠大於供給，朝聚眼科股票的“搶手”程度可見一斑。在公佈招股結果的同日，朝聚眼科在暗盤交易時段最終以4.15%漲幅報收，更爲其在7月7日在聯交所主板掛牌上市營造了良好的氣氛。加之近期的港股新股市場賺錢效益或已逐步顯現，時代天使、森鬆國際和和黃醫藥的首日上市大漲，更刷新了近年的記錄，例如森鬆國際成爲港股近三年來首日漲幅最高的個股。這些典型的案例說明了香港新股市場的賺錢效應再次迴歸。因此，仍有機會帶動近期上市新股的股價表現。綜合上述判斷，兼具好賽道、好公司兩大看漲潛力因子的朝聚眼科，在掛牌亮相資本市場的首秀中取得好的表現，相信將會是大概率的事件。千億規模級別的細分市場潛力，對應千億市值公司與至少十倍以上的增長空間眼科領域憑藉着市場空間廣闊，進入壁壘高，一直都被認爲是醫療健康行業中的黃金賽道。隨着我國老齡化程度加深，工作強度增大，生活方式轉變，用眼不到等因素影響，患有各種眼科疾病的人數逐年升高，眼科治療需求急劇增加，導致眼科市場出現快速增長。根據Frost &amp; Sullivan數據統計顯示，中國眼科醫療服務市場在2019年已經達到1,275億元，預計2024年將達到2,231億元。其中，民營醫療機構**國眼科醫療服務市場的份額提升至31.7%，對","listText":"華北地區領先、全國知名的眼科醫療服務集團朝聚眼科於7月6日公佈招股結果。據公告所示，朝聚眼科公開發售部分錄得113.97倍認購倍數，國際配售部分所獲約17.83倍認購倍數，加上公司是次IPO招股價最終以10.60港元的招股區間上限定價，以上數據均可直接反映出公司受到市場熱捧的情況。朝聚眼科IPO引入基石投資者包括富國基金、Gigantic Wealth、The Valliance Fund及通柏資本(香港)，合共認購7,467.45萬股股份，佔經回撥後國際配售約87.4%比例，由此可見無論散戶還是機構，在招股階段對公司“籌碼”的需求遠大於供給，朝聚眼科股票的“搶手”程度可見一斑。在公佈招股結果的同日，朝聚眼科在暗盤交易時段最終以4.15%漲幅報收，更爲其在7月7日在聯交所主板掛牌上市營造了良好的氣氛。加之近期的港股新股市場賺錢效益或已逐步顯現，時代天使、森鬆國際和和黃醫藥的首日上市大漲，更刷新了近年的記錄，例如森鬆國際成爲港股近三年來首日漲幅最高的個股。這些典型的案例說明了香港新股市場的賺錢效應再次迴歸。因此，仍有機會帶動近期上市新股的股價表現。綜合上述判斷，兼具好賽道、好公司兩大看漲潛力因子的朝聚眼科，在掛牌亮相資本市場的首秀中取得好的表現，相信將會是大概率的事件。千億規模級別的細分市場潛力，對應千億市值公司與至少十倍以上的增長空間眼科領域憑藉着市場空間廣闊，進入壁壘高，一直都被認爲是醫療健康行業中的黃金賽道。隨着我國老齡化程度加深，工作強度增大，生活方式轉變，用眼不到等因素影響，患有各種眼科疾病的人數逐年升高，眼科治療需求急劇增加，導致眼科市場出現快速增長。根據Frost &amp; Sullivan數據統計顯示，中國眼科醫療服務市場在2019年已經達到1,275億元，預計2024年將達到2,231億元。其中，民營醫療機構**國眼科醫療服務市場的份額提升至31.7%，對","text":"華北地區領先、全國知名的眼科醫療服務集團朝聚眼科於7月6日公佈招股結果。據公告所示，朝聚眼科公開發售部分錄得113.97倍認購倍數，國際配售部分所獲約17.83倍認購倍數，加上公司是次IPO招股價最終以10.60港元的招股區間上限定價，以上數據均可直接反映出公司受到市場熱捧的情況。朝聚眼科IPO引入基石投資者包括富國基金、Gigantic Wealth、The Valliance Fund及通柏資本(香港)，合共認購7,467.45萬股股份，佔經回撥後國際配售約87.4%比例，由此可見無論散戶還是機構，在招股階段對公司“籌碼”的需求遠大於供給，朝聚眼科股票的“搶手”程度可見一斑。在公佈招股結果的同日，朝聚眼科在暗盤交易時段最終以4.15%漲幅報收，更爲其在7月7日在聯交所主板掛牌上市營造了良好的氣氛。加之近期的港股新股市場賺錢效益或已逐步顯現，時代天使、森鬆國際和和黃醫藥的首日上市大漲，更刷新了近年的記錄，例如森鬆國際成爲港股近三年來首日漲幅最高的個股。這些典型的案例說明了香港新股市場的賺錢效應再次迴歸。因此，仍有機會帶動近期上市新股的股價表現。綜合上述判斷，兼具好賽道、好公司兩大看漲潛力因子的朝聚眼科，在掛牌亮相資本市場的首秀中取得好的表現，相信將會是大概率的事件。千億規模級別的細分市場潛力，對應千億市值公司與至少十倍以上的增長空間眼科領域憑藉着市場空間廣闊，進入壁壘高，一直都被認爲是醫療健康行業中的黃金賽道。隨着我國老齡化程度加深，工作強度增大，生活方式轉變，用眼不到等因素影響，患有各種眼科疾病的人數逐年升高，眼科治療需求急劇增加，導致眼科市場出現快速增長。根據Frost & Sullivan數據統計顯示，中國眼科醫療服務市場在2019年已經達到1,275億元，預計2024年將達到2,231億元。其中，民營醫療機構**國眼科醫療服務市場的份額提升至31.7%，對","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157208445","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":882406837,"gmtCreate":1631713063129,"gmtModify":1676530615369,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Didi when u can wake up huh?","listText":"Didi when u can wake up huh?","text":"Didi when u can wake up huh?","images":[{"img":"https://static.tigerbbs.com/e172e3b813a8ad28fd34e44d48a0ca47","width":"750","height":"821"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/882406837","isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9955141181,"gmtCreate":1675299273843,"gmtModify":1676538990518,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955141181","repostId":"2308663280","repostType":4,"repost":{"id":"2308663280","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":1675292598,"share":"https://www.laohu8.com/m/news/2308663280?lang=&edition=full","pubTime":"2023-02-02 07:03","market":"us","language":"en","title":"Wall St Rallies As Fed's Powell Nods to Easing Inflation After Rate Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2308663280","media":"Reuters","summary":"Federal Reserve hikes rates by 25 bpsPowell says for first time disinflation has startedIndexes up: ","content":"<html><head></head><body><ul><li>Federal Reserve hikes rates by 25 bps</li><li>Powell says for first time disinflation has started</li><li>Indexes up: Dow 0.02%, S&amp;P 1.05%, Nasdaq 2%</li></ul><p><img src=\"https://static.tigerbbs.com/e16559190ac1ec89379655f3cf8a75dd\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank.</p><p>Wall Street&#39;s major indexes had lost ground immediately after the Fed announced its rate hike decision. Its statement also said &#34;ongoing increases&#34; to rates would be appropriate.</p><p>But the indexes bounced off their lows and kept gaining ground soon after Powell started speaking to reporters with the S&amp;P ending up 1% and the Nasdaq adding 2%.</p><p>Investors were encouraged by Powell&#39;s answer to a question about easing financial conditions such as rising equities and falling bond yields in recent months, according to Angelo Kourkafas, investment strategist at Edward Jones, St Louis.</p><p>&#34;He had an opportunity to relay a hawkish message and didn&#39;t take it. He could&#39;ve said that markets are getting overly excited and he didn&#39;t take the opportunity. Instead he said a lot of tightening has already happened,&#34; said Kourkafas.</p><p>Since Powell said he could acknowledge for the first time that disinflation had started to happen, investors saw his suggestion that there could be two more rate hikes as a &#34;placeholder&#34; the strategist said.</p><p>The Dow Jones Industrial Average    rose 6.92 points, or 0.02%, to 34,092.96, the S&amp;P 500    gained 42.61 points, or 1.05%, to 4,119.21 and the Nasdaq Composite    added 231.77 points, or 2%, to 11,816.32.</p><p>The afternoon rally had the S&amp;P registering its highest closing level since Aug. 25 while the Nasdaq posted its highest close since September.</p><p>Of the S&amp;P 500&#39;s 11 major industry sectors only energy ended the day lower   , down 1.9%, while interest rate sensitive  technology shares    were the biggest gainers, up 2.3%.</p><p>Investors were mostly focused on the Fed&#39;s path forward, as the size of increase for its first policy meeting of the year was in line with expectations after rapid increases in 2022 including a December rate hike of 50 basis points.</p><p>After the press conference, money markets were betting on a terminal rate of 4.892% in June compared with bets for 4.92% just before the Fed&#39;s statement.</p><p>U.S. futures were still pricing in rate cuts this year with the fed funds rate seen at 4.403% by the end of December, the same as before the meeting.</p><p>Recent readings have indicated that inflation is easing, with the Fed also looking at data that will determine the resilience of the labor market and the pace of wage growth.</p><p>But data showed U.S. job openings unexpectedly rose in December ahead of the Labor Department&#39;s comprehensive report on nonfarm payrolls for January due on Friday.</p><p>Separate economic data showed U.S. manufacturing contracted further in January as higher rates stifled demand for goods.</p><p>All three indexes had a strong start to the year, with the S&amp;P    and the Dow    witnessing their first gain for January since 2019 as investors returned to markets, which were bruised in the previous year by a hawkish Fed.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.86-to-1 ratio; on Nasdaq, a 2.28-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 24 new 52-week highs and no new lows; the Nasdaq Composite recorded 136 new highs and 23 new lows.</p><p>About 13.7 billion shares changed hands in U.S. exchanges, compared with the 11.5 billion daily average over the last 20 sessions.</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 St Rallies As Fed's Powell Nods to Easing Inflation After 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; 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}\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 St Rallies As Fed's Powell Nods to Easing Inflation After Rate Hike\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\">2023-02-02 07:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Federal Reserve hikes rates by 25 bps</li><li>Powell says for first time disinflation has started</li><li>Indexes up: Dow 0.02%, S&amp;P 1.05%, Nasdaq 2%</li></ul><p><img src=\"https://static.tigerbbs.com/e16559190ac1ec89379655f3cf8a75dd\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>The S&amp;P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank.</p><p>Wall Street&#39;s major indexes had lost ground immediately after the Fed announced its rate hike decision. Its statement also said &#34;ongoing increases&#34; to rates would be appropriate.</p><p>But the indexes bounced off their lows and kept gaining ground soon after Powell started speaking to reporters with the S&amp;P ending up 1% and the Nasdaq adding 2%.</p><p>Investors were encouraged by Powell&#39;s answer to a question about easing financial conditions such as rising equities and falling bond yields in recent months, according to Angelo Kourkafas, investment strategist at Edward Jones, St Louis.</p><p>&#34;He had an opportunity to relay a hawkish message and didn&#39;t take it. He could&#39;ve said that markets are getting overly excited and he didn&#39;t take the opportunity. Instead he said a lot of tightening has already happened,&#34; said Kourkafas.</p><p>Since Powell said he could acknowledge for the first time that disinflation had started to happen, investors saw his suggestion that there could be two more rate hikes as a &#34;placeholder&#34; the strategist said.</p><p>The Dow Jones Industrial Average    rose 6.92 points, or 0.02%, to 34,092.96, the S&amp;P 500    gained 42.61 points, or 1.05%, to 4,119.21 and the Nasdaq Composite    added 231.77 points, or 2%, to 11,816.32.</p><p>The afternoon rally had the S&amp;P registering its highest closing level since Aug. 25 while the Nasdaq posted its highest close since September.</p><p>Of the S&amp;P 500&#39;s 11 major industry sectors only energy ended the day lower   , down 1.9%, while interest rate sensitive  technology shares    were the biggest gainers, up 2.3%.</p><p>Investors were mostly focused on the Fed&#39;s path forward, as the size of increase for its first policy meeting of the year was in line with expectations after rapid increases in 2022 including a December rate hike of 50 basis points.</p><p>After the press conference, money markets were betting on a terminal rate of 4.892% in June compared with bets for 4.92% just before the Fed&#39;s statement.</p><p>U.S. futures were still pricing in rate cuts this year with the fed funds rate seen at 4.403% by the end of December, the same as before the meeting.</p><p>Recent readings have indicated that inflation is easing, with the Fed also looking at data that will determine the resilience of the labor market and the pace of wage growth.</p><p>But data showed U.S. job openings unexpectedly rose in December ahead of the Labor Department&#39;s comprehensive report on nonfarm payrolls for January due on Friday.</p><p>Separate economic data showed U.S. manufacturing contracted further in January as higher rates stifled demand for goods.</p><p>All three indexes had a strong start to the year, with the S&amp;P    and the Dow    witnessing their first gain for January since 2019 as investors returned to markets, which were bruised in the previous year by a hawkish Fed.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.86-to-1 ratio; on Nasdaq, a 2.28-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 24 new 52-week highs and no new lows; the Nasdaq Composite recorded 136 new highs and 23 new lows.</p><p>About 13.7 billion shares changed hands in U.S. exchanges, compared with the 11.5 billion daily average over the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DJX":"1/100道琼斯","UDOW":"道指三倍做多ETF-ProShares","QID":"纳指两倍做空ETF","SDOW":"道指三倍做空ETF-ProShares","PSQ":"纳指反向ETF","TQQQ":"纳指三倍做多ETF","BK4096":"电气部件与设备","POWL":"Powell Industries","QLD":"纳指两倍做多ETF","DDM":"道指两倍做多ETF","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","DOG":"道指反向ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","DXD":"道指两倍做空ETF",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308663280","content_text":"Federal Reserve hikes rates by 25 bpsPowell says for first time disinflation has startedIndexes up: Dow 0.02%, S&P 1.05%, Nasdaq 2%The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank.Wall Street's major indexes had lost ground immediately after the Fed announced its rate hike decision. Its statement also said \"ongoing increases\" to rates would be appropriate.But the indexes bounced off their lows and kept gaining ground soon after Powell started speaking to reporters with the S&P ending up 1% and the Nasdaq adding 2%.Investors were encouraged by Powell's answer to a question about easing financial conditions such as rising equities and falling bond yields in recent months, according to Angelo Kourkafas, investment strategist at Edward Jones, St Louis.\"He had an opportunity to relay a hawkish message and didn't take it. He could've said that markets are getting overly excited and he didn't take the opportunity. Instead he said a lot of tightening has already happened,\" said Kourkafas.Since Powell said he could acknowledge for the first time that disinflation had started to happen, investors saw his suggestion that there could be two more rate hikes as a \"placeholder\" the strategist said.The Dow Jones Industrial Average    rose 6.92 points, or 0.02%, to 34,092.96, the S&P 500    gained 42.61 points, or 1.05%, to 4,119.21 and the Nasdaq Composite    added 231.77 points, or 2%, to 11,816.32.The afternoon rally had the S&P registering its highest closing level since Aug. 25 while the Nasdaq posted its highest close since September.Of the S&P 500's 11 major industry sectors only energy ended the day lower   , down 1.9%, while interest rate sensitive  technology shares    were the biggest gainers, up 2.3%.Investors were mostly focused on the Fed's path forward, as the size of increase for its first policy meeting of the year was in line with expectations after rapid increases in 2022 including a December rate hike of 50 basis points.After the press conference, money markets were betting on a terminal rate of 4.892% in June compared with bets for 4.92% just before the Fed's statement.U.S. futures were still pricing in rate cuts this year with the fed funds rate seen at 4.403% by the end of December, the same as before the meeting.Recent readings have indicated that inflation is easing, with the Fed also looking at data that will determine the resilience of the labor market and the pace of wage growth.But data showed U.S. job openings unexpectedly rose in December ahead of the Labor Department's comprehensive report on nonfarm payrolls for January due on Friday.Separate economic data showed U.S. manufacturing contracted further in January as higher rates stifled demand for goods.All three indexes had a strong start to the year, with the S&P    and the Dow    witnessing their first gain for January since 2019 as investors returned to markets, which were bruised in the previous year by a hawkish Fed.Advancing issues outnumbered declining ones on the NYSE by a 2.86-to-1 ratio; on Nasdaq, a 2.28-to-1 ratio favored advancers.The S&P 500 posted 24 new 52-week highs and no new lows; the Nasdaq Composite recorded 136 new highs and 23 new lows.About 13.7 billion shares changed hands in U.S. exchanges, compared with the 11.5 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884178579,"gmtCreate":1631872762291,"gmtModify":1676530658114,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884178579","repostId":"884171099","repostType":1,"repost":{"id":884171099,"gmtCreate":1631872592011,"gmtModify":1676530658062,"author":{"id":"3581837767503148","authorId":"3581837767503148","name":"Huatchin","avatar":"https://static.tigerbbs.com/88efb7897819cfa26b956823fee031a1","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>To the moon","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>To the moon","text":"$Walt Disney(DIS)$To the moon","images":[{"img":"https://static.tigerbbs.com/160d29ba47aefd17035b06d039e9625b","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884171099","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141136993,"gmtCreate":1625841430312,"gmtModify":1703749705124,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141136993","repostId":"1173374462","repostType":4,"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126447220,"gmtCreate":1624583007260,"gmtModify":1703840875993,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126447220","repostId":"1182579765","repostType":4,"repost":{"id":"1182579765","pubTimestamp":1624581841,"share":"https://www.laohu8.com/m/news/1182579765?lang=&edition=full","pubTime":"2021-06-25 08:44","market":"us","language":"en","title":"Rite Aid shares plummet; CEO cites Covid uncertainty for drug store chain’s cautious outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=1182579765","media":"CNBC","summary":"Rite Aid CEO Heyward Donigan told CNBC on Thursday she's \"cautiously optimistic\" the U.S. can avoid ","content":"<div>\n<p>Rite Aid CEO Heyward Donigan told CNBC on Thursday she's \"cautiously optimistic\" the U.S. can avoid another round of strict Covid restrictions despite the presence of thedelta variant.\n\"We all hope ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/rite-aid-plummets-ceo-heyward-donigan-cites-covid-for-cautious-outlook.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Rite Aid shares plummet; CEO cites Covid uncertainty for drug store chain’s cautious outlook</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\">\nRite Aid shares plummet; CEO cites Covid uncertainty for drug store chain’s cautious outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/rite-aid-plummets-ceo-heyward-donigan-cites-covid-for-cautious-outlook.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rite Aid CEO Heyward Donigan told CNBC on Thursday she's \"cautiously optimistic\" the U.S. can avoid another round of strict Covid restrictions despite the presence of thedelta variant.\n\"We all hope ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/rite-aid-plummets-ceo-heyward-donigan-cites-covid-for-cautious-outlook.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RAD":"来德爱"},"source_url":"https://www.cnbc.com/2021/06/24/rite-aid-plummets-ceo-heyward-donigan-cites-covid-for-cautious-outlook.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1182579765","content_text":"Rite Aid CEO Heyward Donigan told CNBC on Thursday she's \"cautiously optimistic\" the U.S. can avoid another round of strict Covid restrictions despite the presence of thedelta variant.\n\"We all hope that enough people get vaccinated that we don't have the variant become so significant that our markets shut down again,\" Donigan said on\"Squawk Box.\"\nEven so, the chief executive said the drug store chain was being judicious with its financial projections due, in part, to how unpredictable thecoronavirus pandemic's impact on business has been.\nShares of Rite Aid tumbled 14.5% on Thursday, sending the company's stock market value under $1 billion, as Wall Street digestedmixed first-quarter resultsand weaker earnings guidance.\nRite Aid's forecast for adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — came in at $440 million to $480 million for fiscal 2022, below estimates of $524 million, according to FactSet.\n\"We're being very cautious because we had a miss last quarter due to the complete meltdown, I'll call it, of cough, cold, flu — both in the pharmacy and in the front end because there just was no cough, cold, flu,\" Donigan said, alluding to the recentsurprisingly calm flu seasonin the U.S. and its impact on Rite Aid.\n“We just didn’t realize how far down, how evaporated that business would actually be. So as we look forward, we think we need to be very cautious and prudent in our guidance,” said Donigan, who has been CEO of Pennsylvania-based Rite Aid since August 2019.\n“We are expecting some improvement. We’re not expecting full improvement,” Donigan added.\nShe also acknowledged, “It’s very hard, it remains very hard to predict, a full-year result in a retail pharmacy in the middle of a pandemic because we are … still in the throes of this to some degree.”\nThe company projected full-year revenue of between $25.1 billion and $25.5 billion, which exceeded Wall Street’s expectations of $24.66 billion, according to FactSet.\nRite Aid’s outlook is not factoring inpotential Covid vaccine boostersor vaccinations for children under the age of 12, Donigan noted. Trials examining the vaccine in kids under age 12 are currently ongoing.\nThe Food and Drug Administration cleared Pfizer’s Covid vaccine for use in kids ages 12 to 15a little more than a month ago. Moderna, which also makes a two-dose vaccine, has asked the FDA to expand its emergency use authorization to cover adolescents from 12 to 17.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966345852,"gmtCreate":1669428041476,"gmtModify":1676538195966,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S68.SI\">$SINGAPORE EXCHANGE LIMITED(S68.SI)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/S68.SI\">$SINGAPORE EXCHANGE LIMITED(S68.SI)$&nbsp;</a>","text":"$SINGAPORE EXCHANGE LIMITED(S68.SI)$","images":[{"img":"https://community-static.tradeup.com/news/5a4024e4133feca29b2c2ed01c6c9ef0","width":"1125","height":"2481"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966345852","isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":882401713,"gmtCreate":1631713012732,"gmtModify":1676530615328,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Didi when u can wake up huh?","listText":"Didi when u can wake up huh?","text":"Didi when u can wake up huh?","images":[{"img":"https://static.tigerbbs.com/e172e3b813a8ad28fd34e44d48a0ca47","width":"750","height":"821"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/882401713","isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141131771,"gmtCreate":1625841406893,"gmtModify":1703749703563,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141131771","repostId":"1107084554","repostType":4,"repost":{"id":"1107084554","pubTimestamp":1625840465,"share":"https://www.laohu8.com/m/news/1107084554?lang=&edition=full","pubTime":"2021-07-09 22:21","market":"us","language":"en","title":"Potential cyber attack on financial system is greatest threat to markets, Guggenheim's Minerd says","url":"https://stock-news.laohu8.com/highlight/detail?id=1107084554","media":"CNBC","summary":"Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that inves","content":"<div>\n<p>Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that investors were unprepared for the havoc that a cyber attack on key pieces of financial infrastructure ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Potential cyber attack on financial system is greatest threat to markets, Guggenheim's Minerd says</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\">\nPotential cyber attack on financial system is greatest threat to markets, Guggenheim's Minerd says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 22:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that investors were unprepared for the havoc that a cyber attack on key pieces of financial infrastructure ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html\">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"},"source_url":"https://www.cnbc.com/2021/07/09/potential-cyberattack-on-financial-system-is-greatest-threat-to-markets-guggenheims-minerd-says.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1107084554","content_text":"Guggenheim Chief Investment Officer Scott Minerd said Friday in an exclusive for CNBC PRO that investors were unprepared for the havoc that a cyber attack on key pieces of financial infrastructure would create.\nMinerd told CNBC’sBrian Sullivanthat his top concern for the market was a potential cyberattack on critical parts of the financial system, outweighing worries about the pandemic or government action.\n“The number one thing, I think, now is the sustainability of the global payments system. In the wake of a number of these cyberattacks, which we’ve seen many, I think it would be very easy to imagine an attack on the digital payment system,” Minerd said, pointing to programs like FedWire and the Depositary Trust Company.\nCybersecurity is a growing concern in multiple industries as multiple high-profile attacks have hit U.S. companies over the past year, includinghospitalsandColonial Pipeline. President Joe Biden signed anexecutive orderin May aimed at strengthening cybersecurity in the U.S.\nThe risk of hackers taking aim at the financial system is not well appreciated by investors, Minerd said.\n“I see us as being exceptionally vulnerable in this area right now, and it’s not something I’m hearing people talk about, which always kind of makes me think that you are more likely to experience it when people aren’t talking about it,” Minerd said. “If that happened, I’d think we’d actually have to close the major exchanges for a period of time, and obviously that would lead to a collapse in stock prices.”\nMinerd is not a cybersecurity expert and he said his concern was based on how he felt markets would react and not on particular technical flaw that he was aware of.\nThe Guggenheim investor has made two correct calls on markets this year, predicting aslide in Treasury yieldsand asharp fall in bitcoin.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157983268,"gmtCreate":1625559781954,"gmtModify":1703743718377,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157983268","repostId":"2149466331","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925504676,"gmtCreate":1672055638396,"gmtModify":1676538627789,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good goal&nbsp;","listText":"Good goal&nbsp;","text":"Good goal","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925504676","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140068064,"gmtCreate":1625620072858,"gmtModify":1703744998399,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140068064","repostId":"157208445","repostType":1,"repost":{"id":157208445,"gmtCreate":1625582178887,"gmtModify":1703744371724,"author":{"id":"39105730803552","authorId":"39105730803552","name":"格隆汇","avatar":"https://static.tigerbbs.com/8774dfe20eceb38c9645128bb6e60684","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"超百倍認購的朝聚眼科（2219.HK）暗盤收漲，首秀表現值得期待","htmlText":"華北地區領先、全國知名的眼科醫療服務集團朝聚眼科於7月6日公佈招股結果。據公告所示，朝聚眼科公開發售部分錄得113.97倍認購倍數，國際配售部分所獲約17.83倍認購倍數，加上公司是次IPO招股價最終以10.60港元的招股區間上限定價，以上數據均可直接反映出公司受到市場熱捧的情況。朝聚眼科IPO引入基石投資者包括富國基金、Gigantic Wealth、The Valliance Fund及通柏資本(香港)，合共認購7,467.45萬股股份，佔經回撥後國際配售約87.4%比例，由此可見無論散戶還是機構，在招股階段對公司“籌碼”的需求遠大於供給，朝聚眼科股票的“搶手”程度可見一斑。在公佈招股結果的同日，朝聚眼科在暗盤交易時段最終以4.15%漲幅報收，更爲其在7月7日在聯交所主板掛牌上市營造了良好的氣氛。加之近期的港股新股市場賺錢效益或已逐步顯現，時代天使、森鬆國際和和黃醫藥的首日上市大漲，更刷新了近年的記錄，例如森鬆國際成爲港股近三年來首日漲幅最高的個股。這些典型的案例說明了香港新股市場的賺錢效應再次迴歸。因此，仍有機會帶動近期上市新股的股價表現。綜合上述判斷，兼具好賽道、好公司兩大看漲潛力因子的朝聚眼科，在掛牌亮相資本市場的首秀中取得好的表現，相信將會是大概率的事件。千億規模級別的細分市場潛力，對應千億市值公司與至少十倍以上的增長空間眼科領域憑藉着市場空間廣闊，進入壁壘高，一直都被認爲是醫療健康行業中的黃金賽道。隨着我國老齡化程度加深，工作強度增大，生活方式轉變，用眼不到等因素影響，患有各種眼科疾病的人數逐年升高，眼科治療需求急劇增加，導致眼科市場出現快速增長。根據Frost &amp; Sullivan數據統計顯示，中國眼科醫療服務市場在2019年已經達到1,275億元，預計2024年將達到2,231億元。其中，民營醫療機構**國眼科醫療服務市場的份額提升至31.7%，對","listText":"華北地區領先、全國知名的眼科醫療服務集團朝聚眼科於7月6日公佈招股結果。據公告所示，朝聚眼科公開發售部分錄得113.97倍認購倍數，國際配售部分所獲約17.83倍認購倍數，加上公司是次IPO招股價最終以10.60港元的招股區間上限定價，以上數據均可直接反映出公司受到市場熱捧的情況。朝聚眼科IPO引入基石投資者包括富國基金、Gigantic Wealth、The Valliance Fund及通柏資本(香港)，合共認購7,467.45萬股股份，佔經回撥後國際配售約87.4%比例，由此可見無論散戶還是機構，在招股階段對公司“籌碼”的需求遠大於供給，朝聚眼科股票的“搶手”程度可見一斑。在公佈招股結果的同日，朝聚眼科在暗盤交易時段最終以4.15%漲幅報收，更爲其在7月7日在聯交所主板掛牌上市營造了良好的氣氛。加之近期的港股新股市場賺錢效益或已逐步顯現，時代天使、森鬆國際和和黃醫藥的首日上市大漲，更刷新了近年的記錄，例如森鬆國際成爲港股近三年來首日漲幅最高的個股。這些典型的案例說明了香港新股市場的賺錢效應再次迴歸。因此，仍有機會帶動近期上市新股的股價表現。綜合上述判斷，兼具好賽道、好公司兩大看漲潛力因子的朝聚眼科，在掛牌亮相資本市場的首秀中取得好的表現，相信將會是大概率的事件。千億規模級別的細分市場潛力，對應千億市值公司與至少十倍以上的增長空間眼科領域憑藉着市場空間廣闊，進入壁壘高，一直都被認爲是醫療健康行業中的黃金賽道。隨着我國老齡化程度加深，工作強度增大，生活方式轉變，用眼不到等因素影響，患有各種眼科疾病的人數逐年升高，眼科治療需求急劇增加，導致眼科市場出現快速增長。根據Frost &amp; Sullivan數據統計顯示，中國眼科醫療服務市場在2019年已經達到1,275億元，預計2024年將達到2,231億元。其中，民營醫療機構**國眼科醫療服務市場的份額提升至31.7%，對","text":"華北地區領先、全國知名的眼科醫療服務集團朝聚眼科於7月6日公佈招股結果。據公告所示，朝聚眼科公開發售部分錄得113.97倍認購倍數，國際配售部分所獲約17.83倍認購倍數，加上公司是次IPO招股價最終以10.60港元的招股區間上限定價，以上數據均可直接反映出公司受到市場熱捧的情況。朝聚眼科IPO引入基石投資者包括富國基金、Gigantic Wealth、The Valliance Fund及通柏資本(香港)，合共認購7,467.45萬股股份，佔經回撥後國際配售約87.4%比例，由此可見無論散戶還是機構，在招股階段對公司“籌碼”的需求遠大於供給，朝聚眼科股票的“搶手”程度可見一斑。在公佈招股結果的同日，朝聚眼科在暗盤交易時段最終以4.15%漲幅報收，更爲其在7月7日在聯交所主板掛牌上市營造了良好的氣氛。加之近期的港股新股市場賺錢效益或已逐步顯現，時代天使、森鬆國際和和黃醫藥的首日上市大漲，更刷新了近年的記錄，例如森鬆國際成爲港股近三年來首日漲幅最高的個股。這些典型的案例說明了香港新股市場的賺錢效應再次迴歸。因此，仍有機會帶動近期上市新股的股價表現。綜合上述判斷，兼具好賽道、好公司兩大看漲潛力因子的朝聚眼科，在掛牌亮相資本市場的首秀中取得好的表現，相信將會是大概率的事件。千億規模級別的細分市場潛力，對應千億市值公司與至少十倍以上的增長空間眼科領域憑藉着市場空間廣闊，進入壁壘高，一直都被認爲是醫療健康行業中的黃金賽道。隨着我國老齡化程度加深，工作強度增大，生活方式轉變，用眼不到等因素影響，患有各種眼科疾病的人數逐年升高，眼科治療需求急劇增加，導致眼科市場出現快速增長。根據Frost & Sullivan數據統計顯示，中國眼科醫療服務市場在2019年已經達到1,275億元，預計2024年將達到2,231億元。其中，民營醫療機構**國眼科醫療服務市場的份額提升至31.7%，對","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157208445","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126473050,"gmtCreate":1624583073970,"gmtModify":1703840879253,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good to read this","listText":"Good to read this","text":"Good to read this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126473050","repostId":"1152522341","repostType":4,"repost":{"id":"1152522341","pubTimestamp":1624580338,"share":"https://www.laohu8.com/m/news/1152522341?lang=&edition=full","pubTime":"2021-06-25 08:18","market":"us","language":"en","title":"Morgan Stanley says investors are betting hard against one high-flying electric car stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1152522341","media":"CNBC","summary":"Investors have ramped up their bets that just one of three high-flying Chinese electric car stocks w","content":"<div>\n<p>Investors have ramped up their bets that just one of three high-flying Chinese electric car stocks will see its share price drop. That’s based on Morgan Stanley’s analysis of Chinese stocks listed in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/morgan-stanley-says-investors-bet-against-one-electric-car-stock.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Morgan Stanley says investors are betting hard against one high-flying electric car stock</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\">\nMorgan Stanley says investors are betting hard against one high-flying electric car stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/morgan-stanley-says-investors-bet-against-one-electric-car-stock.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have ramped up their bets that just one of three high-flying Chinese electric car stocks will see its share price drop. That’s based on Morgan Stanley’s analysis of Chinese stocks listed in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/morgan-stanley-says-investors-bet-against-one-electric-car-stock.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","01919":"中远海控","06618":"京东健康"},"source_url":"https://www.cnbc.com/2021/06/24/morgan-stanley-says-investors-bet-against-one-electric-car-stock.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152522341","content_text":"Investors have ramped up their bets that just one of three high-flying Chinese electric car stocks will see its share price drop. That’s based on Morgan Stanley’s analysis of Chinese stocks listed in the U.S. and Hong Kong that have seen the greatest increase in short interest versus last month.\nShort selling is a trading strategy that allows investors to profit if a stock price drops. In this process, investors borrow shares, sell them and then buy them back later at a lower price. If the share price ends up rising, the short seller will try to minimize losses by buying back shares, which now cost more than when they were borrowed.\nThe June 22 report listed 10 names that investors increased their bets against. Here are the top three, in descending order of greatest increase in short interest:\nLi Auto— The Chinese automaker went public on the Nasdaq in July 2020 and its stock has held onto 170% gains since then.\nHowever, the company’s only model on the market, the Li One SUV, is not purely an electric car since it comes with a fuel tank to charge the battery and extend its driving range. Monthly deliveries have failed to exceed those ofNio, another U.S.-listed electric car start-up, and fell below that ofXpengin May.\nLi Auto shares have climbed 8% so far this year, versus declines of nearly 3% and 7% for Xpeng and Nio, respectively. Shares of all three companies surged last year.\nCosco Shipping— The company has seen its shares double so far this year, with the stock trading in the last few weeks at highs not seen since 2008.\nThe state-owned conglomerate is listed in Hong Kong. Ports in the southern province of Guangzhou have facedmajor shipping delaysafter a local outbreak of the coronavirus in May stemming from the delta variant, first detected in India.\nJD Health International— The pharmaceutical business of e-commerce giant JD has held gains of about 55% from itsIPO in Hong Kong in December. But the stock is down about 27% for the year so far.\nIn late April, the company published its annual report for 2020 that showed its revenue — up nearly 79% to 19.38 billion yuan ($3.03 billion) — grew primarily as a result of greater sales of pharmaceutical and health-care products rather than online health-care services.\nSelling and marketing expenses nearly doubled to 1.43 billion yuan, for a 0.5 percentage point increase in their share of revenue to 7.4%. The company attributed the increase to greater spending on business promotions.\nInvestors were more optimistic about at least one other electric car company, according to the Morgan Stanley report.\nNio ranked among the three Chinese stocks that saw the greatest drop in short interest versus last month, the report said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377665972,"gmtCreate":1619524669196,"gmtModify":1704725373021,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/377665972","repostId":"1128313679","repostType":4,"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966794996,"gmtCreate":1669638465615,"gmtModify":1676538216960,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$NIO Inc.(NIO)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966794996","isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921467055,"gmtCreate":1671114881177,"gmtModify":1676538492732,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Win World Cup","listText":"Win World Cup","text":"Win World Cup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921467055","isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929417764,"gmtCreate":1670720968059,"gmtModify":1676538422030,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$NIO Inc.(NIO)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929417764","isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127174405,"gmtCreate":1624841665407,"gmtModify":1703845843000,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127174405","repostId":"1184001921","repostType":4,"repost":{"id":"1184001921","pubTimestamp":1624763737,"share":"https://www.laohu8.com/m/news/1184001921?lang=&edition=full","pubTime":"2021-06-27 11:15","market":"us","language":"en","title":"Amazon: Good Stock, Not Good Price","url":"https://stock-news.laohu8.com/highlight/detail?id=1184001921","media":"seekingalpha","summary":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce i","content":"<p><b>Summary</b></p>\n<ul>\n <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li>\n <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li>\n <li>This article looks at what Amazon stock is most likely worth for us investors.</li>\n <li>I hope you enjoy.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p>Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p>\n<p>You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p>\n<p>In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p>\n<p>Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p>\n<p>This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p>\n<p>But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p>\n<blockquote>\n Warren Buffett said, “The three most important words in investing are\n <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing.\n</blockquote>\n<blockquote>\n Rule 1 Investing\n</blockquote>\n<p>This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p>\n<p><b>Business Model</b></p>\n<p>Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p>\n<p>As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p>\n<p>And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p>\n<p>I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p>\n<p>Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p>\n<p>Here's a look at Amazon's International segment:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p>\n<p>For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p>\n<p>And for Amazon's last and most exciting segment, here's AWS:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p>\n<p>AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about&nbsp;17.5% CAGR&nbsp;until 2025.</p>\n<p>Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p>\n<p>These projections were added together to help us figure out what the entire company should be worth.</p>\n<p><b>Capital Allocation</b></p>\n<p>How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p>\n<p>The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p>\n<blockquote>\n In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.\n <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i>\n</blockquote>\n<blockquote>\n Source:2020 10-K&nbsp;page 60,\n <i>emphasis added</i>\n</blockquote>\n<p>But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p>\n<p>Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p>\n<p>Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p>\n<p><b>Valuation</b></p>\n<p>First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p>\n<p>I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p>\n<p>This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p>\n<p>Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p>\n<p>Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p>\n<p>Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p>\n<p>These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p>\n<p>Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p>\n<p>The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p>\n<p>\"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p>\n<p>But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p>\n<p><b>Recap</b></p>\n<p>Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p>\n<p>But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p>\n<p>Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p>\n<p>Thank you very much for reading, and I hope that you have a great rest of your day.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: Good Stock, Not Good Price</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: Good Stock, Not Good Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.\nUnfortunately, it's a little overpriced. This is consistent ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price\">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://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184001921","content_text":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.\nUnfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.\nThis article looks at what Amazon stock is most likely worth for us investors.\nI hope you enjoy.\n\nSundry Photography/iStock Editorial via Getty Images\nToday, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.\nSource: Author\nYou might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.\nIn this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.\nSomething important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.\nThis method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.\nBut after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.\n\n Warren Buffett said, “The three most important words in investing are\n margin of safety.” That means to buy stuff on sale... That's the whole secret to great investing.\n\n\n Rule 1 Investing\n\nThis model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.\nBusiness Model\nWhere does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.\nAs a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.\nAnd later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nI projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.\nHopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.\nHere's a look at Amazon's International segment:\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nFor Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.\nAnd for Amazon's last and most exciting segment, here's AWS:\nSource: Author\nAWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about 17.5% CAGR until 2025.\nAdditionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.\nThese projections were added together to help us figure out what the entire company should be worth.\nCapital Allocation\nHow does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.\nSource: Author\nThe biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.\n\n In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.\n There were no repurchases of common stock in 2018, 2019, or 2020.\n\n\n Source:2020 10-K page 60,\n emphasis added\n\nBut for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.\nAmazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.\nAmazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.\nValuation\nFirst, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.\nSource: Author\nI used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.\nThis model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.\nRight now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.\nSource: Author\nDown at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.\nSource: Author\nToday, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.\nThese estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.\nDown at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.\nThe model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.\n\"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.\nBut the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.\nRecap\nToday, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.\nBut if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.\nEven if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.\nThank you very much for reading, and I hope that you have a great rest of your day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127172734,"gmtCreate":1624841625228,"gmtModify":1703845840570,"author":{"id":"3581499471975307","authorId":"3581499471975307","name":"Jasmimim","avatar":"https://static.tigerbbs.com/165f2f93178759b448e25f6ae286da06","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127172734","repostId":"2146000990","repostType":4,"repost":{"id":"2146000990","pubTimestamp":1624762068,"share":"https://www.laohu8.com/m/news/2146000990?lang=&edition=full","pubTime":"2021-06-27 10:47","market":"us","language":"en","title":"Better Buy: Activision Blizzard vs. Take Two","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000990","media":"Motley Fool","summary":"Which top gaming stock will deliver the better return over the next five years?","content":"<p>The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches from <b>Sony</b>&nbsp;and <b>Microsoft</b>, are catalysts for the big game companies to sell more content into a wider installed base.</p>\n<p><b>Activision Blizzard</b> (NASDAQ:ATVI) and <b>Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a> Interactive</b>&nbsp;(NASDAQ:TTWO) are two market leaders that operate some of the best-selling game franchises in the industry. Activision is known for <i>Call of Duty</i> and <i>World of Warcraft</i> and generates over $8 billion a year in bookings (a non-GAAP measure of revenue).&nbsp;Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a>'s <i>Grand Theft Auto V</i> has sold a staggering 145 million copies,&nbsp;which has pushed the company's bookings to over $3 billion.</p>\n<p>I'll say up front that I believe Take-Two is well-positioned to deliver much better returns than Activision Blizzard over the next five years. Here's why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30e93ec376dbf9d2b1e80588b2008646\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>The margin gap</h2>\n<p>Activision has many good qualities investors look for in an investment. It has eight franchises that have generated $1 billion in lifetime bookings.&nbsp;It has a large player base of over 400 million monthly active users,&nbsp;and management has a great record of allocating capital through acquisitions that create shareholder returns. Over the last year, the company generated a healthy free cash flow margin of 33% compared to revenue and paid $316 million in dividends to shareholders.</p>\n<p>While Take-Two is smaller and is more dependent on a few franchises, CEO Strauss Zelnick, who took over in 2011,&nbsp;is gradually turning Take-Two into a bigger and more profitable leader in the industry. Since <i>Grand Theft Auto V</i>&nbsp;launched in 2013, Take-Two's free cash flow has increased by 347% to $843 million. The digital distribution of games has brought more-consistent profits for management to reinvest in expanding its game library, with the long-term goal to build greater scale, reach more players, and improve operating margin.</p>\n<p>Compared to Activision's stellar operating margin of 35.2%, Take-Two's operating margin is currently at 18.7% on a trailing-12-month basis, but that's exactly why Take-Two offers more upside to investors. It has made major strides to squeeze more profits out of its business, and its operating margin is still trending up.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf60ea29fdc7bd56d2ec45cb947ce369\" tg-width=\"720\" tg-height=\"387\"><span>ATVI operating margin (TTM) data by YCharts. TTM = trailing 12 months.</span></p>\n<p>If Take-Two's operating margin improves to over 20%, it will drive much faster growth in earnings per share and fuel a rising share price.</p>\n<p>Here are the consensus analyst estimates for Activision's adjusted operating margin and EPS growth through 2023.</p>\n<table border=\"1\">\n <tbody>\n  <tr>\n   <th>Metric</th>\n   <th>2021</th>\n   <th>2022</th>\n   <th>2023</th>\n  </tr>\n  <tr>\n   <td>Adjusted operating margin</td>\n   <td>42.8%</td>\n   <td>44.1%</td>\n   <td>45%</td>\n  </tr>\n  <tr>\n   <td>Adjusted EPS</td>\n   <td>8.4%</td>\n   <td>18%</td>\n   <td>4.6%</td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Atom Finance.</p>\n<p>Here are the same estimates for Take-Two.</p>\n<table border=\"1\">\n <tbody>\n  <tr>\n   <th>Metric</th>\n   <th>Fiscal 2022</th>\n   <th>Fiscal 2023</th>\n   <th>Fiscal 2024</th>\n  </tr>\n  <tr>\n   <td>Adjusted operating margin</td>\n   <td>19%</td>\n   <td>23.2%</td>\n   <td>24.6%</td>\n  </tr>\n  <tr>\n   <td>Adjusted EPS (loss)</td>\n   <td>(28.5%)</td>\n   <td>49.9%</td>\n   <td>30.8%</td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Atom Finance. Take-Two's fiscal year ends in March.</p>\n<p>Take-Two's EPS is expected to decline this year due to the investments in marketing, personnel, and IT that management is spending to launch the new game pipeline over the next few years.&nbsp;It's&nbsp;hiring more game developers ahead of its deepest upcoming release slate in history, with a grand total of 62 releases across existing and new titles.</p>\n<p>Beyond the near term, the continued decline in distribution costs for games remains a catalyst to grow profits for both companies. Still, analysts expect Take-Two to expand its margin by a greater amount, which could lead to better returns for investors.</p>\n<h2>Take-Two stock is cheaper with more upside</h2>\n<p>Activision should remain a good long-term investment. Management believes it can reach 1 billion monthly active users, as the company expands its mobile game business.&nbsp;But investors are paying a higher price for&nbsp;Activision's greater game diversity, and perceived lower business risk.</p>\n<p>Activision stock trades at a price-to-sales ratio of 8.5, which is much higher than Take-Two's sales multiple of 6.&nbsp;But as Take-Two expands its game catalog, this relatively lower sales multiple won't be justified.</p>\n<p>Take-Two's <i>Grand Theft Auto V</i> and <i>Red Dead Redemption 2</i> have sold a combined 182 million copies, establishing a large player base to build on with future releases. Take-Two has almost endless opportunities with these top franchises to grow higher-margin digital sales with more expansion updates.</p>\n<p>Because of its higher ceiling for margin expansion and earnings growth, I would buy Take-Two over Activision right now.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: Activision Blizzard vs. Take Two</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\">\nBetter Buy: Activision Blizzard vs. Take Two\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪"},"source_url":"https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146000990","content_text":"The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches from Sony and Microsoft, are catalysts for the big game companies to sell more content into a wider installed base.\nActivision Blizzard (NASDAQ:ATVI) and Take-Two Interactive (NASDAQ:TTWO) are two market leaders that operate some of the best-selling game franchises in the industry. Activision is known for Call of Duty and World of Warcraft and generates over $8 billion a year in bookings (a non-GAAP measure of revenue). Take-Two's Grand Theft Auto V has sold a staggering 145 million copies, which has pushed the company's bookings to over $3 billion.\nI'll say up front that I believe Take-Two is well-positioned to deliver much better returns than Activision Blizzard over the next five years. Here's why.\nImage source: Getty Images.\nThe margin gap\nActivision has many good qualities investors look for in an investment. It has eight franchises that have generated $1 billion in lifetime bookings. It has a large player base of over 400 million monthly active users, and management has a great record of allocating capital through acquisitions that create shareholder returns. Over the last year, the company generated a healthy free cash flow margin of 33% compared to revenue and paid $316 million in dividends to shareholders.\nWhile Take-Two is smaller and is more dependent on a few franchises, CEO Strauss Zelnick, who took over in 2011, is gradually turning Take-Two into a bigger and more profitable leader in the industry. Since Grand Theft Auto V launched in 2013, Take-Two's free cash flow has increased by 347% to $843 million. The digital distribution of games has brought more-consistent profits for management to reinvest in expanding its game library, with the long-term goal to build greater scale, reach more players, and improve operating margin.\nCompared to Activision's stellar operating margin of 35.2%, Take-Two's operating margin is currently at 18.7% on a trailing-12-month basis, but that's exactly why Take-Two offers more upside to investors. It has made major strides to squeeze more profits out of its business, and its operating margin is still trending up.\nATVI operating margin (TTM) data by YCharts. TTM = trailing 12 months.\nIf Take-Two's operating margin improves to over 20%, it will drive much faster growth in earnings per share and fuel a rising share price.\nHere are the consensus analyst estimates for Activision's adjusted operating margin and EPS growth through 2023.\n\n\n\nMetric\n2021\n2022\n2023\n\n\nAdjusted operating margin\n42.8%\n44.1%\n45%\n\n\nAdjusted EPS\n8.4%\n18%\n4.6%\n\n\n\nData source: Atom Finance.\nHere are the same estimates for Take-Two.\n\n\n\nMetric\nFiscal 2022\nFiscal 2023\nFiscal 2024\n\n\nAdjusted operating margin\n19%\n23.2%\n24.6%\n\n\nAdjusted EPS (loss)\n(28.5%)\n49.9%\n30.8%\n\n\n\nData source: Atom Finance. Take-Two's fiscal year ends in March.\nTake-Two's EPS is expected to decline this year due to the investments in marketing, personnel, and IT that management is spending to launch the new game pipeline over the next few years. It's hiring more game developers ahead of its deepest upcoming release slate in history, with a grand total of 62 releases across existing and new titles.\nBeyond the near term, the continued decline in distribution costs for games remains a catalyst to grow profits for both companies. Still, analysts expect Take-Two to expand its margin by a greater amount, which could lead to better returns for investors.\nTake-Two stock is cheaper with more upside\nActivision should remain a good long-term investment. Management believes it can reach 1 billion monthly active users, as the company expands its mobile game business. But investors are paying a higher price for Activision's greater game diversity, and perceived lower business risk.\nActivision stock trades at a price-to-sales ratio of 8.5, which is much higher than Take-Two's sales multiple of 6. But as Take-Two expands its game catalog, this relatively lower sales multiple won't be justified.\nTake-Two's Grand Theft Auto V and Red Dead Redemption 2 have sold a combined 182 million copies, establishing a large player base to build on with future releases. Take-Two has almost endless opportunities with these top franchises to grow higher-margin digital sales with more expansion updates.\nBecause of its higher ceiling for margin expansion and earnings growth, I would buy Take-Two over Activision right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}