Elky personal page - To The Moon

Elky

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2022-07-17

Volatile times calls for volatile measures

2022-06-24

Ok

Wall Street Posts Solid Gains, As Defensives, Tech Shine

2022-09-01

Thanks for the in depth analysis

Palantir: Peak Absurdity

2022-10-21

What a day...

US STOCKS-Wall Street Ends Lower As Fed Worries Outweigh Earnings

2022-07-14

Volatile times calls for volatile measures

2022-07-13

Volatile times calls for volatile measures

2022-07-09

Volatile times calls for volatile measures

2022-07-08

Volatile times calls for volatile measures

2022-07-07

Volatile times calls for volatile measures

2022-07-06

Volatile times calls for volatile measures

2023-06-10

[Cool] [Cool] [Cool] [Cool] [Cool]

2022-07-05

Volatile times calls for volatile measures

2022-07-04

Volatile times calls for volatile measures

2022-07-03

Volatile times calls for volatile measures

01-16

$Walt Disney(DIS)$

2023-12-15

$Keppel Infrastructure Trust(A7RU.SI)$ [Miser] [Miser] [Miser]

2023-11-07

[What] [What] [What] [What] [What]

2023-11-06

[Miser] [Miser] [Miser] [Miser] [Miser]

Go to Tiger App to see more news

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[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/236474139205672","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":236267521343576,"gmtCreate":1698715393763,"gmtModify":1698715397723,"author":{"id":"3581561238604273","authorId":"3581561238604273","name":"Elky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Test your reflex with this game haha","listText":"Test your reflex with this game haha","text":"Test your reflex with this game haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/236267521343576","isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":236267422724184,"gmtCreate":1698715369686,"gmtModify":1698715373883,"author":{"id":"3581561238604273","authorId":"3581561238604273","name":"Elky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Fun game!","listText":"Fun game!","text":"Fun 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Share your thoughts!&nbsp;","listText":"How would you navigate the choppy markets? Share your thoughts!&nbsp;","text":"How would you navigate the choppy markets? 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[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185738266476560","isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9072861793,"gmtCreate":1658017800812,"gmtModify":1676536093110,"author":{"id":"3581561238604273","authorId":"3581561238604273","name":"Elky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Volatile times calls for volatile measures&nbsp;","listText":"Volatile times calls for volatile measures&nbsp;","text":"Volatile times calls for volatile measures","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072861793","isVote":1,"tweetType":1,"viewCount":417,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4113904591642392","authorId":"4113904591642392","name":"LMSunshine","avatar":"https://community-static.tradeup.com/news/0ad636f2490d8428fcee9da6d669e46c","crmLevel":1,"crmLevelSwitch":0},"content":"Are you new to Tiger?If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly & help to like your posts too!","text":"Are you new to Tiger?If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly & help to like your posts too!","html":"Are you new to Tiger?If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly & help to like your posts too!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041831070,"gmtCreate":1656031726490,"gmtModify":1676535754203,"author":{"id":"3581561238604273","authorId":"3581561238604273","name":"Elky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041831070","repostId":"1103591580","repostType":4,"repost":{"id":"1103591580","pubTimestamp":1656025427,"share":"https://www.laohu8.com/m/news/1103591580?lang=&edition=full","pubTime":"2022-06-24 07:03","market":"us","language":"en","title":"Wall Street Posts Solid Gains, As Defensives, Tech Shine","url":"https://stock-news.laohu8.com/highlight/detail?id=1103591580","media":"StreetInsider","summary":"Wall Street's main indexes posted solid gains on Thursday, fueled by strong performance from defensi","content":"<html><head></head><body><p>Wall Street&#39;s main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted about a potential recession.</p><p>The benchmark S&amp;P 500 swung between positive and negative during the session, but stocks picked up steam heading into the market&#39;s close. Benchmark U.S. Treasury yields fell to two-week lows, supporting tech and other rate-sensitive growth stocks.</p><p>Trading has remained volatile in the wake of the S&amp;P 500 last week logging its biggest weekly percentage drop since March 2020. Investors are weighing how far stocks could fall after the index earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.</p><p>“There is a tremendous amount of uncertainty about the outlook and so the market is confused,” said Walter Todd, chief investment officer at Greenwood Capital in South Carolina.</p><p>The Dow Jones Industrial Average rose 194.23 points, or 0.64%, to 30,677.36, the S&amp;P 500 gained 35.84 points, or 0.95%, to 3,795.73 and the Nasdaq Composite added 179.11 points, or 1.62%, to 11,232.19.</p><p>In his second day of testifying before Congress, U.S. central bank chief Jerome Powell said the Fed&#39;s commitment to reining in 40-year-high inflation is &#34;unconditional&#34; but also comes with the risk of higher unemployment.</p><p>U.S. business activity slowed considerably in June as high inflation and declining consumer confidence dampened demand across the board, a survey on Thursday showed.</p><p>“The Fed wants to see things start to slow and the data is starting to reflect that,” said James Ragan, director of wealth management research atD.A. Davidson.</p><p>Citigroup analysts are forecasting a near 50% probability of a global recession.</p><p>“Economic growth is slowing. Is it going to slow enough to go into a recession, that’s the big question,” Ragan said.</p><p>Defensive groups considered safer bets in rocky economic times were the top-performing S&amp;P 500 sectors. Among them, utilities gained 2.4%, healthcare rose 2.2% and real estate added 2%.</p><p>The heavyweight tech sector rose 1.4%, with Microsoft gaining 2.3% and Apple up 2.2%.</p><p>The energy sector slumped 3.8%, continuing its recent pullback after soundly outperforming the market for most of 2022. Declines in Exxon Mobil and Chevron were the biggest individual drags on the S&amp;P 500, with Exxon dropping 3% and Chevron falling 3.7%.</p><p>Other economically sensitive sectors also fell. Materials lost 1.4%, while industrials and financials dipped about 0.5% each.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.41-to-1 ratio; on Nasdaq, a 1.67-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 40 new lows; the Nasdaq Composite recorded 32 new highs and 194 new lows.</p><p>About 12.4 billion shares changed hands in U.S. exchanges, compared with the 12.5 billion daily average over the last 20 sessions.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Posts Solid Gains, As Defensives, Tech Shine</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Posts Solid Gains, As Defensives, Tech Shine\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-24 07:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/Market+Check/Wall+Street+posts+solid+gains%2C+as+defensives%2C+tech+shine/20245971.html><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street's main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted ...</p>\n\n<a href=\"https://www.streetinsider.com/Market+Check/Wall+Street+posts+solid+gains%2C+as+defensives%2C+tech+shine/20245971.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.streetinsider.com/Market+Check/Wall+Street+posts+solid+gains%2C+as+defensives%2C+tech+shine/20245971.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103591580","content_text":"Wall Street's main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted about a potential recession.The benchmark S&P 500 swung between positive and negative during the session, but stocks picked up steam heading into the market's close. Benchmark U.S. Treasury yields fell to two-week lows, supporting tech and other rate-sensitive growth stocks.Trading has remained volatile in the wake of the S&P 500 last week logging its biggest weekly percentage drop since March 2020. Investors are weighing how far stocks could fall after the index earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.“There is a tremendous amount of uncertainty about the outlook and so the market is confused,” said Walter Todd, chief investment officer at Greenwood Capital in South Carolina.The Dow Jones Industrial Average rose 194.23 points, or 0.64%, to 30,677.36, the S&P 500 gained 35.84 points, or 0.95%, to 3,795.73 and the Nasdaq Composite added 179.11 points, or 1.62%, to 11,232.19.In his second day of testifying before Congress, U.S. central bank chief Jerome Powell said the Fed's commitment to reining in 40-year-high inflation is \"unconditional\" but also comes with the risk of higher unemployment.U.S. business activity slowed considerably in June as high inflation and declining consumer confidence dampened demand across the board, a survey on Thursday showed.“The Fed wants to see things start to slow and the data is starting to reflect that,” said James Ragan, director of wealth management research atD.A. Davidson.Citigroup analysts are forecasting a near 50% probability of a global recession.“Economic growth is slowing. Is it going to slow enough to go into a recession, that’s the big question,” Ragan said.Defensive groups considered safer bets in rocky economic times were the top-performing S&P 500 sectors. Among them, utilities gained 2.4%, healthcare rose 2.2% and real estate added 2%.The heavyweight tech sector rose 1.4%, with Microsoft gaining 2.3% and Apple up 2.2%.The energy sector slumped 3.8%, continuing its recent pullback after soundly outperforming the market for most of 2022. Declines in Exxon Mobil and Chevron were the biggest individual drags on the S&P 500, with Exxon dropping 3% and Chevron falling 3.7%.Other economically sensitive sectors also fell. Materials lost 1.4%, while industrials and financials dipped about 0.5% each.Advancing issues outnumbered declining ones on the NYSE by a 1.41-to-1 ratio; on Nasdaq, a 1.67-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 40 new lows; the Nasdaq Composite recorded 32 new highs and 194 new lows.About 12.4 billion shares changed hands in U.S. exchanges, compared with the 12.5 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930449787,"gmtCreate":1661996240853,"gmtModify":1676536620898,"author":{"id":"3581561238604273","authorId":"3581561238604273","name":"Elky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"Thanks for the in depth analysis","listText":"Thanks for the in depth analysis","text":"Thanks for the in depth analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930449787","repostId":"1189990769","repostType":4,"repost":{"id":"1189990769","pubTimestamp":1661994966,"share":"https://www.laohu8.com/m/news/1189990769?lang=&edition=full","pubTime":"2022-09-01 09:16","market":"us","language":"en","title":"Palantir: Peak Absurdity","url":"https://stock-news.laohu8.com/highlight/detail?id=1189990769","media":"Seeking Alpha","summary":"SummaryNobody seems to be discussing some of the key positives in Palantir's Q2 earnings report.Pala","content":"<html><head></head><body><h2>Summary</h2><ul><li>Nobody seems to be discussing some of the key positives in Palantir&#39;s Q2 earnings report.</li><li>Palantir&#39;s shares are attractively valued in its peer group after the recent crash.</li><li>Any weakness in its shares can be construed as a buying opportunity for investors with a long-term time horizon.</li></ul><p><img src=\"https://static.tigerbbs.com/23d0f121f38325521c0b8ebbb42b26b3\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Palantir (NYSE:PLTR) reported a weak set ofQ2 resultsroughly two weeks ago. Its net losses persisted and its revenue growth slowed down. But in a seemingly gross over-reaction to its quarterly results, thestock nosedived nearly 25% during subsequent trading sessions. In this article, I’ll highlight some of the key positives in Palantir’s Q2 results that nobody seems to be talking about and attempt to explain why the stock makes for a good buying opportunity at current levels. Let&#39;s take a closer look to gain a better understanding of it all.</p><h2><b>Profitability Green Shoots</b></h2><p>One of the key items that triggered panic selling amongst Palantir&#39;s shareholders, was its negative bottom line. The company reported a net loss of $179.3 million during the quarter, or $0.09 per share, which left investors worried about the company’s breakeven point, especially during times of macroeconomic turmoil. Palantir has been operational as a company for over 18 years now and shareholders are losing trust in the management’s ability to turn a profit. While I understand the shareholder&#39;s frustration, the fact of the matter is that on the ground, reality isn’t all that bad.</p><p>See, Palantir’s net loss of$179.3 millionwas primarily driven by non-recurring &#34;other expenses&#34;.</p><blockquote>Other income (expense), net changed by $137.9 million for the three months ended June 30, 2022 compared to the same period in 2021 primarily due to unrealized and realized losses, net from our investments in marketable securities.</blockquote><p>The company had invested in several early-stage growth companies, such as Celularity (CELU), Faraday Future (FFIE) and many other names. But since shares of these companies rapidly declined in value in recent months, Palantir booked these losses under its “other expenses” head. These other expenses were nearly 3-times the company’s actual operating losses, they bloated its overall net loss figure and most importantly, these expenses are non-recurring in nature.</p><p><img src=\"https://static.tigerbbs.com/e57c1296343c5264b925fa4d25e92bef\" tg-width=\"640\" tg-height=\"173\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Palantir&#39;s 10Q Filing</p><p>An interesting picture comes to light when we focus on Palantir’s operating profitability. Surely, the company posted operating losses to the tune of $41.7 million, but this loss narrowed from $146.1 million on a year over year basis. On a per share basis, Palantir’s operating loss in Q2 amounted to $0.02 per share, narrowing from $0.08 last year. This improvement highlights that Palantir is making tangible and meaningful progress towards its path to profitability.</p><p><img src=\"https://static.tigerbbs.com/93ee2735f895bfb3650ad816bd845cc5\" tg-width=\"640\" tg-height=\"73\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Palantir&#39;s 10Q filing</p><p>Also, Palantir held just $99.2 million worth of marketable securities at the end of the last quarter. This means the worst is almost over for the company and its path to profitability is getting clearer. Therefore, I expect Palantir to become profitable at an operating level sometime in FY23 and on net-basis in FY24/25. The company is debt-free and it held approximately $2.36 billion in cash and cash equivalents last quarter, which is sufficient to comfortably fund operations (and its growth initiatives) amidst these recessionary times.</p><h2><b>Growth Resilience</b></h2><p>Secondly, Palantir’s year-on-year revenue growth for Q2 amounted to nearly 26%. While this is a healthy pace of growth on a standalone basis, it’s significantly lower than management’s prior growth guidance of 30%. This growth deceleration has fuelled speculation of all kinds. While some bears believe the company has lost its customer appeal and is succumbing to competitive pressures, others feel that Palantir has hit a saturation point and is facing scalability issues.</p><p>While these are legitimate concerns, I don’t necessarily share the same conclusion. The chart below highlights Palantir’s revenue across different geographies. Note how Palantir’s international segment performed poorly and dragged the overall company’s growth lower. But the interesting piece of information here is that Palantir’s revenue growth from the US actually accelerated during the quarter.</p><p><img src=\"https://static.tigerbbs.com/7b8554ba97f30c41d6db19508b60a5bb\" tg-width=\"640\" tg-height=\"564\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessQuant.com</p><p>This is rather counterintuitive considering that the Fed has been aggressively hiking interest rates and enterprises have had to cut back on discretionary spending. Although European and Asian economies have also hiked interest rates, their pace of rate hikes hasn’t been as aggressive. If anything, I would have expected Palantir’s growth momentum to slow down in the US before international markets. But clearly that wasn’t the case.</p><p><img src=\"https://static.tigerbbs.com/ed76d2e2b029bc8f6f17baece98d6207\" tg-width=\"565\" tg-height=\"199\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessQuant.com</p><p>Having said that, if Palantir was truly losing market share to its peers and/or was bottlenecked with customer onboarding, its sales growth should’ve decelerated across all geographical markets. Rather, its sales growth acceleration in the US suggests that the company is still growing well and its platforms remain a value proposition to its customers.</p><p>Therefore, I contend that Palantir’s revenue growth moderation is a seasonal factor persisting largely in international markets.</p><h2><b>Valuation Absurdity</b></h2><p>Moving on, bears argue that Palantir’s shares are grossly overvalued and overdue for correction. Its shares are, after all, trading at nearly 63-times its trailing twelve-month free cash flows, which seems quite high at the first glance. But let’s look at the chart below to get a better sense of its valuation.</p><p>The X-axis highlights Price-to-Free Cash Flow (or P/FCF) multiple for 130 stocks classified under the software infrastructure industry. Note how Palantir is horizontally positioned slightly towards the right, indicating that it&#39;s trading at a modest premium compared to a broad swath of its peers.</p><p><img src=\"https://static.tigerbbs.com/c5b0802274ab2df9981cd5f8f61caab1\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessQuant.com</p><p>Now, let’s shift attention to the Y-axis, which plots the free cash flow growth for the same set of companies. Note how Palantir is vertically positioned much higher than most of its peers, indicating that its pace of free cash flow growth is one of the highest in its industry.</p><p>The takeaway from both the axes, combined here, is that Palantir’s relatively higher valuation is justified by its elevated pace of growth. Essentially, investors are paying a premium to own this rapidly growing company. There are just two other stocks that are growing faster than Palantir but trading at a lower P/FCF multiple, however.</p><h2><b>Final Thoughts</b></h2><p>There’s no denying that Palantir is trading at a premium compared to its peers, and its growth moderation resulted in its sell-off. But I think of this as a temporary setback. The stock is attractively priced in its industry after its recent price correction, green shoots are emerging with regards to its profitability and its pace of revenue growth is robust in the US market at least. So, investors with a multi-year time horizon may want to consider accumulating Palantir’s shares on potential price corrections. Good Luck!</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>Palantir: Peak Absurdity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Peak Absurdity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-01 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4537939-palantir-peak-absurdity><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNobody seems to be discussing some of the key positives in Palantir's Q2 earnings report.Palantir's shares are attractively valued in its peer group after the recent crash.Any weakness in its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4537939-palantir-peak-absurdity\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4537939-palantir-peak-absurdity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189990769","content_text":"SummaryNobody seems to be discussing some of the key positives in Palantir's Q2 earnings report.Palantir's shares are attractively valued in its peer group after the recent crash.Any weakness in its shares can be construed as a buying opportunity for investors with a long-term time horizon.Palantir (NYSE:PLTR) reported a weak set ofQ2 resultsroughly two weeks ago. Its net losses persisted and its revenue growth slowed down. But in a seemingly gross over-reaction to its quarterly results, thestock nosedived nearly 25% during subsequent trading sessions. In this article, I’ll highlight some of the key positives in Palantir’s Q2 results that nobody seems to be talking about and attempt to explain why the stock makes for a good buying opportunity at current levels. Let's take a closer look to gain a better understanding of it all.Profitability Green ShootsOne of the key items that triggered panic selling amongst Palantir's shareholders, was its negative bottom line. The company reported a net loss of $179.3 million during the quarter, or $0.09 per share, which left investors worried about the company’s breakeven point, especially during times of macroeconomic turmoil. Palantir has been operational as a company for over 18 years now and shareholders are losing trust in the management’s ability to turn a profit. While I understand the shareholder's frustration, the fact of the matter is that on the ground, reality isn’t all that bad.See, Palantir’s net loss of$179.3 millionwas primarily driven by non-recurring \"other expenses\".Other income (expense), net changed by $137.9 million for the three months ended June 30, 2022 compared to the same period in 2021 primarily due to unrealized and realized losses, net from our investments in marketable securities.The company had invested in several early-stage growth companies, such as Celularity (CELU), Faraday Future (FFIE) and many other names. But since shares of these companies rapidly declined in value in recent months, Palantir booked these losses under its “other expenses” head. These other expenses were nearly 3-times the company’s actual operating losses, they bloated its overall net loss figure and most importantly, these expenses are non-recurring in nature.Palantir's 10Q FilingAn interesting picture comes to light when we focus on Palantir’s operating profitability. Surely, the company posted operating losses to the tune of $41.7 million, but this loss narrowed from $146.1 million on a year over year basis. On a per share basis, Palantir’s operating loss in Q2 amounted to $0.02 per share, narrowing from $0.08 last year. This improvement highlights that Palantir is making tangible and meaningful progress towards its path to profitability.Palantir's 10Q filingAlso, Palantir held just $99.2 million worth of marketable securities at the end of the last quarter. This means the worst is almost over for the company and its path to profitability is getting clearer. Therefore, I expect Palantir to become profitable at an operating level sometime in FY23 and on net-basis in FY24/25. The company is debt-free and it held approximately $2.36 billion in cash and cash equivalents last quarter, which is sufficient to comfortably fund operations (and its growth initiatives) amidst these recessionary times.Growth ResilienceSecondly, Palantir’s year-on-year revenue growth for Q2 amounted to nearly 26%. While this is a healthy pace of growth on a standalone basis, it’s significantly lower than management’s prior growth guidance of 30%. This growth deceleration has fuelled speculation of all kinds. While some bears believe the company has lost its customer appeal and is succumbing to competitive pressures, others feel that Palantir has hit a saturation point and is facing scalability issues.While these are legitimate concerns, I don’t necessarily share the same conclusion. The chart below highlights Palantir’s revenue across different geographies. Note how Palantir’s international segment performed poorly and dragged the overall company’s growth lower. But the interesting piece of information here is that Palantir’s revenue growth from the US actually accelerated during the quarter.BusinessQuant.comThis is rather counterintuitive considering that the Fed has been aggressively hiking interest rates and enterprises have had to cut back on discretionary spending. Although European and Asian economies have also hiked interest rates, their pace of rate hikes hasn’t been as aggressive. If anything, I would have expected Palantir’s growth momentum to slow down in the US before international markets. But clearly that wasn’t the case.BusinessQuant.comHaving said that, if Palantir was truly losing market share to its peers and/or was bottlenecked with customer onboarding, its sales growth should’ve decelerated across all geographical markets. Rather, its sales growth acceleration in the US suggests that the company is still growing well and its platforms remain a value proposition to its customers.Therefore, I contend that Palantir’s revenue growth moderation is a seasonal factor persisting largely in international markets.Valuation AbsurdityMoving on, bears argue that Palantir’s shares are grossly overvalued and overdue for correction. Its shares are, after all, trading at nearly 63-times its trailing twelve-month free cash flows, which seems quite high at the first glance. But let’s look at the chart below to get a better sense of its valuation.The X-axis highlights Price-to-Free Cash Flow (or P/FCF) multiple for 130 stocks classified under the software infrastructure industry. Note how Palantir is horizontally positioned slightly towards the right, indicating that it's trading at a modest premium compared to a broad swath of its peers.BusinessQuant.comNow, let’s shift attention to the Y-axis, which plots the free cash flow growth for the same set of companies. Note how Palantir is vertically positioned much higher than most of its peers, indicating that its pace of free cash flow growth is one of the highest in its industry.The takeaway from both the axes, combined here, is that Palantir’s relatively higher valuation is justified by its elevated pace of growth. Essentially, investors are paying a premium to own this rapidly growing company. There are just two other stocks that are growing faster than Palantir but trading at a lower P/FCF multiple, however.Final ThoughtsThere’s no denying that Palantir is trading at a premium compared to its peers, and its growth moderation resulted in its sell-off. But I think of this as a temporary setback. The stock is attractively priced in its industry after its recent price correction, green shoots are emerging with regards to its profitability and its pace of revenue growth is robust in the US market at least. So, investors with a multi-year time horizon may want to consider accumulating Palantir’s shares on potential price corrections. Good Luck!","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983706961,"gmtCreate":1666314625254,"gmtModify":1676537739136,"author":{"id":"3581561238604273","authorId":"3581561238604273","name":"Elky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"What a day...&nbsp;","listText":"What a day...&nbsp;","text":"What a day...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983706961","repostId":"2277941439","repostType":4,"repost":{"id":"2277941439","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":1666297569,"share":"https://www.laohu8.com/m/news/2277941439?lang=&edition=full","pubTime":"2022-10-21 04:26","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Lower As Fed Worries Outweigh Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2277941439","media":"Reuters","summary":"(Reuters) - U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking int","content":"<html><head></head><body><p>(Reuters) - U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings.</p><p>Stocks initially rose early in the session, boosted by gains in names such as <a href=\"https://laohu8.com/S/IBM\">IBM</a>, up 4.73% after the IT services company beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets. <a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> surged 7.72% upon raising its annual profit forecast.</p><p>But stocks were unable to hold their gains as strong weekly jobless claims and comments from Federal Reserve Bank of Philadelphia President Patrick Harker bolstered concerns about the Fed hiking rates and potentially tilting the economy into a recession.</p><p>Harker said the Fed is not done raising its short-term rate target as high inflation persists, helping to push the yield on the 10-year U.S. Treasury note to its highest level since June 2008 at 4.239%.</p><p>&#34;It’s interest rates that are driving equity volatility, that is the way we have been looking at things all year, that is kind of the precursor of seeing things calm down in the equity space and feeling better about adding risk there is seeing volatility decline in interest rates,&#34; said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte, North Carolina.</p><p>&#34;I’m not sure we are going to be able to see that pause that a few Fed members have been pointing to and certainly a few market participants have been kind of latching on to.&#34;</p><p>The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&amp;P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite dropped 65.66 points, or 0.61%, to 10,614.84.</p><p>Better-than-expected results thus far has pushed earnings growth expectations for third-quarter for S&amp;P 500 companies to 3.1% from a 2.8% increase earlier in the week, but still well below the 11.1% increase that was forecast at the start of July.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> slumped 6.65% as the electric-vehicle maker flagged persistent logistics challenges, with fourth-quarter deliveries growing by less than the aimed 50%.</p><p>Stocks have been under pressure this year as concerns about the impact of the Fed&#39;s aggressive path of interest rate hikes on corporate earnings and the overall economy have mounted as the central bank tries to quell stubbornly high inflation.</p><p>Other data showed sales of existing homes fell for an eight straight month, while another reading showed factory activity in the Federal Reserve Bank of Philadelphia&#39;s district contracted again in October.</p><p>The U.S. central bank is widely expected to announce a fourth straight 75 basis-point hike at its November meeting, with an outside chance of a full percentage point increase.</p><p>Volume on U.S. exchanges was 11.37 billion shares, compared with the 11.62 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 1.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 28 new lows; the Nasdaq Composite recorded 53 new highs and 239 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Lower As Fed Worries Outweigh Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Lower As Fed Worries Outweigh Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-21 04:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings.</p><p>Stocks initially rose early in the session, boosted by gains in names such as <a href=\"https://laohu8.com/S/IBM\">IBM</a>, up 4.73% after the IT services company beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets. <a href=\"https://laohu8.com/S/T\">AT&amp;T Inc</a> surged 7.72% upon raising its annual profit forecast.</p><p>But stocks were unable to hold their gains as strong weekly jobless claims and comments from Federal Reserve Bank of Philadelphia President Patrick Harker bolstered concerns about the Fed hiking rates and potentially tilting the economy into a recession.</p><p>Harker said the Fed is not done raising its short-term rate target as high inflation persists, helping to push the yield on the 10-year U.S. Treasury note to its highest level since June 2008 at 4.239%.</p><p>&#34;It’s interest rates that are driving equity volatility, that is the way we have been looking at things all year, that is kind of the precursor of seeing things calm down in the equity space and feeling better about adding risk there is seeing volatility decline in interest rates,&#34; said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte, North Carolina.</p><p>&#34;I’m not sure we are going to be able to see that pause that a few Fed members have been pointing to and certainly a few market participants have been kind of latching on to.&#34;</p><p>The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&amp;P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite dropped 65.66 points, or 0.61%, to 10,614.84.</p><p>Better-than-expected results thus far has pushed earnings growth expectations for third-quarter for S&amp;P 500 companies to 3.1% from a 2.8% increase earlier in the week, but still well below the 11.1% increase that was forecast at the start of July.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> slumped 6.65% as the electric-vehicle maker flagged persistent logistics challenges, with fourth-quarter deliveries growing by less than the aimed 50%.</p><p>Stocks have been under pressure this year as concerns about the impact of the Fed&#39;s aggressive path of interest rate hikes on corporate earnings and the overall economy have mounted as the central bank tries to quell stubbornly high inflation.</p><p>Other data showed sales of existing homes fell for an eight straight month, while another reading showed factory activity in the Federal Reserve Bank of Philadelphia&#39;s district contracted again in October.</p><p>The U.S. central bank is widely expected to announce a fourth straight 75 basis-point hike at its November meeting, with an outside chance of a full percentage point increase.</p><p>Volume on U.S. exchanges was 11.37 billion shares, compared with the 11.62 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 1.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 28 new lows; the Nasdaq Composite recorded 53 new highs and 239 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2277941439","content_text":"(Reuters) - U.S. stocks closed lower on Thursday as data on the labor market and comments from a U.S. Federal Reserve official reinforced expectations the central bank will be aggressive in hiking interest rates outweighed a flurry of solid corporate earnings.Stocks initially rose early in the session, boosted by gains in names such as IBM, up 4.73% after the IT services company beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets. AT&T Inc surged 7.72% upon raising its annual profit forecast.But stocks were unable to hold their gains as strong weekly jobless claims and comments from Federal Reserve Bank of Philadelphia President Patrick Harker bolstered concerns about the Fed hiking rates and potentially tilting the economy into a recession.Harker said the Fed is not done raising its short-term rate target as high inflation persists, helping to push the yield on the 10-year U.S. Treasury note to its highest level since June 2008 at 4.239%.\"It’s interest rates that are driving equity volatility, that is the way we have been looking at things all year, that is kind of the precursor of seeing things calm down in the equity space and feeling better about adding risk there is seeing volatility decline in interest rates,\" said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte, North Carolina.\"I’m not sure we are going to be able to see that pause that a few Fed members have been pointing to and certainly a few market participants have been kind of latching on to.\"The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite dropped 65.66 points, or 0.61%, to 10,614.84.Better-than-expected results thus far has pushed earnings growth expectations for third-quarter for S&P 500 companies to 3.1% from a 2.8% increase earlier in the week, but still well below the 11.1% increase that was forecast at the start of July.Tesla Inc slumped 6.65% as the electric-vehicle maker flagged persistent logistics challenges, with fourth-quarter deliveries growing by less than the aimed 50%.Stocks have been under pressure this year as concerns about the impact of the Fed's aggressive path of interest rate hikes on corporate earnings and the overall economy have mounted as the central bank tries to quell stubbornly high inflation.Other data showed sales of existing homes fell for an eight straight month, while another reading showed factory activity in the Federal Reserve Bank of Philadelphia's district contracted again in October.The U.S. central bank is widely expected to announce a fourth straight 75 basis-point hike at its November meeting, with an outside chance of a full percentage point increase.Volume on U.S. exchanges was 11.37 billion shares, compared with the 11.62 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 1.34-to-1 ratio favored decliners.The S&P 500 posted 3 new 52-week highs and 28 new lows; the Nasdaq Composite recorded 53 new highs and 239 new 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