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2021-05-17

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Millionaires who favor raising taxes on the rich launching protests in front of Amazon CEO Jeff Bezos’ home on Tax Day

2021-05-13

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2021-05-13

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Toplines Before US Market Open on Thursday

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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>Millionaires who favor raising taxes on the rich launching protests in front of Amazon CEO Jeff Bezos’ home on Tax Day</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; 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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\">\nMillionaires who favor raising taxes on the rich launching protests in front of Amazon CEO Jeff Bezos’ home on Tax Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 21:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/17/pro-tax-millionaires-launching-protests-in-front-of-jeff-bezos-home.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe move to blast Bezos in front of his home comes as President Biden and Democratic lawmakers are looking to to raise taxes on corporations and those making over $400,000 in order to pay ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/17/pro-tax-millionaires-launching-protests-in-front-of-jeff-bezos-home.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/05/17/pro-tax-millionaires-launching-protests-in-front-of-jeff-bezos-home.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166522104","content_text":"KEY POINTS\n\nThe move to blast Bezos in front of his home comes as President Biden and Democratic lawmakers are looking to to raise taxes on corporations and those making over $400,000 in order to pay for $2 trillion infrastructure proposal.\nMobile billboards will also make appearances in front of Senate Minority Leader Mitch McConnell’s D.C. residence and the offices of Senate Majority Leader Chuck Schumer in New York City.\n\nAmazon CEO Jeff Bezos\nMillionaires who have called on the rich to pay more in taxes are launching protests in New York and Washington on Monday — Tax Day — including in front of Amazon CEO Jeff Bezos’ homes.\nThe effort is being organized by the Patriotic Millionaires, whose members boast annual incomes of over $1 million or assets worth over $5 million. The details of the effort were first shared with CNBC.\nThe group plans to launch its Tax Day campaign on Monday, and includes mobile billboards that will make stops in front of Bezos’ homes in New York and Washington. Leaders of the Patriotic Millionaires told CNBC they are are organizing a group of up to 30 protesters to converge on to Bezos’ New York residence with a billboard that says “Cut the bull----. Tax the rich.”\nThe move to blast Bezos in front of his home comes as President Joe Biden and Democratic lawmakers seek to raise taxes on corporations and those making over $400,000 in order to pay for their $2 trillion infrastructure proposal.\nBiden has recently said he’d like a corporate tax hike of 25% to 28%, whileproposing to raise the top income tax rate from 37% to 39.6%.Republicans have said they don’t want to raise any taxes to pay for infrastructure. The two parties are trying to come up with a bipartisan bill and have said they are making progress.\nBut progressives are eager to see billionaires pay more.\n“Jeff Bezos is the poster child for the total idiocy of the country’s tax code,” Erica Payne, founder and president of the group, told CNBC on Friday. She said Bezos’ extreme wealth means he should be paying more in taxes. She noted that the tech tycoon is reportedly in the midst of building a nearly 417-foot yacht that’s likely to cost over $500 million.\nBezos has a net worth of over $185 billion, according to Forbes, and has been a target of progressives for the need to raise taxes on the wealthy.\nThe New York Post reported in 2019 that Bezos spent $80 million on three apartments in the same New York building to create a mega-home. A year later, the Post reported on Bezos buying a $16 million home within the same apartment complex.\nThe Patriotic Millionaires are in favor of Sen. Elizabeth Warren’s ultra millionaires tax plan, which would put a2% annual tax on wealth over $50 million, rising to 3% for wealth over $1 billion.\nMorris Pearl, chairman of the group and a former BlackRock executive, told CNBC that the organization will be pushing for a wealth tax, among other tax increase proposals, throughout Tax Day. Others on the Patriotic Millionaires advisory board include Abigail and Tim Disney, two children of the late longtime Disney executive, Roy Disney.\nThe mobile billboards will also make appearances in front of Senate Minority Leader Mitch McConnell’s Washington residence, the offices of Senate Majority Leader Chuck Schumer in New York City, and D.C.-based places including the Chamber of Commerce, Business Roundtable, Heritage Foundation, Democratic National Committee, Americans for Tax Reform, the IRS and former President Donald Trump’s Old Post Office hotel.\nBezos′ $23 million D.C. mansion was once the old Textile Museum.\nThe other billboard being featured in the day-long campaign has the laughing faces of Bezos, Facebook CEO Mark Zuckerberg and Tesla CEO Elon Musk. One of the billboards says “tax the rich. Save America. Yes it really is that simple.” Another has the three business leaders laughing and reads “tax me if you can.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198001063,"gmtCreate":1620912223752,"gmtModify":1704350324868,"author":{"id":"3581651968788675","authorId":"3581651968788675","name":"Louis96","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581651968788675","authorIdStr":"3581651968788675"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198001063","repostId":"1105044762","repostType":4,"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198003605,"gmtCreate":1620912215607,"gmtModify":1704350323737,"author":{"id":"3581651968788675","authorId":"3581651968788675","name":"Louis96","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581651968788675","authorIdStr":"3581651968788675"},"themes":[],"htmlText":"&nbsp;hi","listText":"&nbsp;hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198003605","repostId":"1105044762","repostType":4,"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198003325,"gmtCreate":1620912178967,"gmtModify":1704350324545,"author":{"id":"3581651968788675","authorId":"3581651968788675","name":"Louis96","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581651968788675","authorIdStr":"3581651968788675"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198003325","repostId":"1189186815","repostType":4,"repost":{"id":"1189186815","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620907591,"share":"https://ttm.financial/m/news/1189186815?lang=&edition=fundamental","pubTime":"2021-05-13 20:06","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1189186815","media":"Tiger Newspress","summary":"Dow is set to extend sell-off with futures falling again.FAANGs, EV stocks rally.In FX,the Bloomberg Dollar index held steady around Wednesday’s best levels.Bitcoin slumped as much as 15%.  Futures contracts tied to the major U.S. stock indexes were set to add to Wednesday's steep losses, but have started to rebound.At 8:03 a.m. ET, Nasdaq futures jumped by 0.5%, turning higher as investors stepped into buy some tech stocks under fire all week. S&P 500 futures gained 0.03%. Futures on the Dow Jo","content":"<ul><li>Dow is set to extend sell-off with futures falling again.</li><li>FAANGs, EV stocks rally.</li><li><b>In FX,</b>the Bloomberg Dollar index held steady around Wednesday’s best levels.</li><li>Bitcoin slumped as much as 15%</li></ul><p>(May 13)&nbsp;Futures contracts tied to the major U.S. stock indexes were set to add to Wednesday's steep losses, but have started to rebound.</p><p>At 8:03 a.m. ET,&nbsp;Nasdaq futures&nbsp;jumped by 0.5%, turning higher as investors stepped into buy some tech stocks under fire all week. S&amp;P 500 futures gained 0.03%. Futures on the Dow Jones Industrial average were still off by 105 points following its worst day since January.</p><p><img src=\"https://static.tigerbbs.com/f5b0428948e49985f11a20d92b6107bc\" tg-width=\"1242\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Key tech stocks rebounded in premarket trading. Facebook, Apple, Amazon, Netflix and Alphabet turned higher in premarket trading, making back previous losses. Even Tesla reversed course, trading higher by 1.26%.</p><p><img src=\"https://static.tigerbbs.com/2ceb7565bce3b4eee6fa3b8660ea0592\" tg-width=\"334\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/abd734520e08dbe4d3039e0db8e28a5e\" tg-width=\"330\" tg-height=\"202\" referrerpolicy=\"no-referrer\"></p><p><b>Stocks making the biggest moves in the premarket: Vroom, Shift, Sonos, Poshmark &amp; more</b></p><p><b>1)&nbsp;Vroom(VRM)</b> – Vroom stock jumped 11% in the premarket after it reported a smaller-than-expected loss for its latest quarter. The online used-car retailer's revenue beat estimates as demand surged. Consumers are turning to used cars as the global chip shortage crimps production of new vehicles. Vroom rivalShift(SFT) reported similarly upbeat results, and its shares rallied 8.1%.</p><p><b>2)&nbsp;Sonos(SONO)</b> – Sonos earned 12 cents per share for its latest quarter, compared to forecasts of a 22 cents per share loss. The maker of speakers and other audio products also raised full-year sales guidance, saying it believes it can meet demand despite the global chip shortage. Shares jumped 11.9% in premarket trading.</p><p><b>3)&nbsp;Alibaba(BABA)</b> – The China-based e-commerce giantfell short of analysts' forecastson the bottom line, but reported better-than-expected fiscal fourth-quarter revenue. The company also gave an upbeat revenue forecast for the current fiscal year.</p><p><b>4)&nbsp;Casper Sleep(CSPR)</b> – Casper Sleep shares soared 6.3% in premarket trading after the maker of mattresses and other bedding products reported a smaller-than-expected quarterly loss and saw revenue exceed estimates as well. It also raised its full-year outlook due to what it calls \"favorable business trends.\"</p><p><b>5)&nbsp;Canada Goose(GOOS)</b> – Shares of the outdoor apparel maker surged 5.3% in premarket action after Canada Goose reported an unexpected quarterly profit. The company earned 1 cent per share, compared to forecasts of a 12 cents per share loss (all figures in Canadian currency). Revenue also beat forecasts amid a surge in online sales and strong demand from China.</p><p><b>6)&nbsp;Utz Brands(UTZ)</b> – The snacks maker fell a penny a share shy of estimates, with quarterly earnings of 13 cents per share. Revenue was also short of forecasts, however Utz noted that its sales were impacted by February snowstorms and it issued an upbeat full-year outlook.</p><p><b>7)&nbsp;Boeing(BA) </b>– Boeingreceived Federal Aviation Administration approvalfor its proposed fix to the electrical systems of some 737 Max jets. Boeing has issued service bulletins detailing the fix and said it should only take a day or two for airlines to implement.</p><p><b>8)&nbsp;Bumble(BMBL)</b> – Bumble surprised analysts with a first quarter profit, compared to expectations of a quarterly loss. The dating service operator also reported better-than-expected revenue. Bumble issued upbeat current-quarter revenue guidance, with more people returning to dating as the pandemic recedes. Despite the upbeat numbers, Bumble shares fell 1.2% in premarket trading.</p><p><b>9)&nbsp;BJ’s Wholesale(BJ)</b> – The warehouse retailer was upgraded to “overweight” from “neutral” at J.P. Morgan Securities, which said it is more optimistic about BJ’s upcoming earnings report than most on the Street. The firm also said it sees stimulus checks giving a boost to membership renewal rates. BJ’s shares rose 1.8% in premarket trading.</p><p><b>10)&nbsp;Poshmark(POSH)</b> – Poshmark stock tanked 12.5% in the premarket, despite upbeat first-quarter results. The company reported a loss of 33 cents per share, smaller than the 42 cents a share loss expected by Wall Street analysts. The online retailer of used luxury goods also saw revenue come in above analyst forecasts.</p><p><b>11)&nbsp;Lowe’s(LOW) </b>– Lowe’s was upgraded to “outperform” from “perform” at Oppenheimer, which pointed to the home improvement retailer’s discounted valuation compared to that of rivalHome Depot(HD).</p><p><b>In rates, </b>treasuries were calmer and little changed trading near the low end of Wednesday’s range, with curve slightly flatter, after erasing gains. Treasury 10-year yields around 1.697% are less than 1bp higher on the day; bunds lag by 3bp, gilts by 4bp on Ascension Day holiday in some euro-area countries including Germany and France.&nbsp; Dip-buying emerged during an active Asia session in which cash and futures volumes were almost double recent average. The Treasury auction cycle concludes with $27b 30-year bond sale at 1pm ET; Wednesday’s 10-year stopped through by more than 1bp; the WI 30-year yield is around 2.395% is above auction stops since November 2019 and 7.5bp cheaper than last month’s, which stopped through by 1.6bp. Yield curves in Europe bear steepen. BTPs widen across the curve to bunds, trading around session lows after a soft reception at today’s auctions.</p><p><b>In FX, </b>the Bloomberg Dollar index held steady around Wednesday’s best levels. A gauge of the dollar’s implied volatility climbed to a one- month high after a surprisingly strong U.S. inflation print prompted traders to recalibrate bets for an interest-rate hike. Still, options traders haven’t determined whether that makes for a stronger greenback. The Australian dollar fell to its lowest in over a week as iron ore futures dropped after Chinese Premier Li Keqiang urged the country to deal with the surge in commodity prices and its impact. The yen and Swiss franc led advances as global stocks fell to a six-week low and U.S. equity futures retreated. NOK and AUD are the worst performers in G-10, CHF outperforms. EUR/USD briefly tests 1.21 before paring gains. TRY lags in EMFX. Bitcoin remains ~8% lower after its overnight slump.</p><p>In commodities, front-month crude futures drop over 2%: WTI trades back on a $64-handle, Brent back below $68. Spot gold trades near $1,814/oz, holding a narrow range close to Wednesday’s worst levels. Base metals are in the red with LME nickel slumping close to 3</p><p>Meanwhile,&nbsp;<b>Bitcoin slumped as much as 15% after&nbsp;Elon Musk&nbsp;tweeted that Tesla was no longer accepting the digital currency for vehicle purchases due to environmental concerns.</b>It has since recovered much of its losses.</p><p>After yesterday's CPI shocker, the Labor Department's data is likely to show U.S. producer prices rose 0.3% last month after a gain of 1% in March. A separate report is expected to indicate claims for U.S. unemployment benefits was below 500,000 in the latest week, for the third time in a row.</p><p>Looking at the day ahead, the data highlights will include the April PPI reading from the US, as well as the weekly initial jobless claims. Central bank speakers include BoE Governor Bailey and Deputy Governor Cunliffe, the Fed’s Barkin, Waller and Bullard, the ECB’s Centeno and BoC Governor Macklem. Finally, earnings releases include Disney, Airbnb and Alibaba.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-13 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Dow is set to extend sell-off with futures falling again.</li><li>FAANGs, EV stocks rally.</li><li><b>In FX,</b>the Bloomberg Dollar index held steady around Wednesday’s best levels.</li><li>Bitcoin slumped as much as 15%</li></ul><p>(May 13)&nbsp;Futures contracts tied to the major U.S. stock indexes were set to add to Wednesday's steep losses, but have started to rebound.</p><p>At 8:03 a.m. ET,&nbsp;Nasdaq futures&nbsp;jumped by 0.5%, turning higher as investors stepped into buy some tech stocks under fire all week. S&amp;P 500 futures gained 0.03%. Futures on the Dow Jones Industrial average were still off by 105 points following its worst day since January.</p><p><img src=\"https://static.tigerbbs.com/f5b0428948e49985f11a20d92b6107bc\" tg-width=\"1242\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Key tech stocks rebounded in premarket trading. Facebook, Apple, Amazon, Netflix and Alphabet turned higher in premarket trading, making back previous losses. Even Tesla reversed course, trading higher by 1.26%.</p><p><img src=\"https://static.tigerbbs.com/2ceb7565bce3b4eee6fa3b8660ea0592\" tg-width=\"334\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/abd734520e08dbe4d3039e0db8e28a5e\" tg-width=\"330\" tg-height=\"202\" referrerpolicy=\"no-referrer\"></p><p><b>Stocks making the biggest moves in the premarket: Vroom, Shift, Sonos, Poshmark &amp; more</b></p><p><b>1)&nbsp;Vroom(VRM)</b> – Vroom stock jumped 11% in the premarket after it reported a smaller-than-expected loss for its latest quarter. The online used-car retailer's revenue beat estimates as demand surged. Consumers are turning to used cars as the global chip shortage crimps production of new vehicles. Vroom rivalShift(SFT) reported similarly upbeat results, and its shares rallied 8.1%.</p><p><b>2)&nbsp;Sonos(SONO)</b> – Sonos earned 12 cents per share for its latest quarter, compared to forecasts of a 22 cents per share loss. The maker of speakers and other audio products also raised full-year sales guidance, saying it believes it can meet demand despite the global chip shortage. Shares jumped 11.9% in premarket trading.</p><p><b>3)&nbsp;Alibaba(BABA)</b> – The China-based e-commerce giantfell short of analysts' forecastson the bottom line, but reported better-than-expected fiscal fourth-quarter revenue. The company also gave an upbeat revenue forecast for the current fiscal year.</p><p><b>4)&nbsp;Casper Sleep(CSPR)</b> – Casper Sleep shares soared 6.3% in premarket trading after the maker of mattresses and other bedding products reported a smaller-than-expected quarterly loss and saw revenue exceed estimates as well. It also raised its full-year outlook due to what it calls \"favorable business trends.\"</p><p><b>5)&nbsp;Canada Goose(GOOS)</b> – Shares of the outdoor apparel maker surged 5.3% in premarket action after Canada Goose reported an unexpected quarterly profit. The company earned 1 cent per share, compared to forecasts of a 12 cents per share loss (all figures in Canadian currency). Revenue also beat forecasts amid a surge in online sales and strong demand from China.</p><p><b>6)&nbsp;Utz Brands(UTZ)</b> – The snacks maker fell a penny a share shy of estimates, with quarterly earnings of 13 cents per share. Revenue was also short of forecasts, however Utz noted that its sales were impacted by February snowstorms and it issued an upbeat full-year outlook.</p><p><b>7)&nbsp;Boeing(BA) </b>– Boeingreceived Federal Aviation Administration approvalfor its proposed fix to the electrical systems of some 737 Max jets. Boeing has issued service bulletins detailing the fix and said it should only take a day or two for airlines to implement.</p><p><b>8)&nbsp;Bumble(BMBL)</b> – Bumble surprised analysts with a first quarter profit, compared to expectations of a quarterly loss. The dating service operator also reported better-than-expected revenue. Bumble issued upbeat current-quarter revenue guidance, with more people returning to dating as the pandemic recedes. Despite the upbeat numbers, Bumble shares fell 1.2% in premarket trading.</p><p><b>9)&nbsp;BJ’s Wholesale(BJ)</b> – The warehouse retailer was upgraded to “overweight” from “neutral” at J.P. Morgan Securities, which said it is more optimistic about BJ’s upcoming earnings report than most on the Street. The firm also said it sees stimulus checks giving a boost to membership renewal rates. BJ’s shares rose 1.8% in premarket trading.</p><p><b>10)&nbsp;Poshmark(POSH)</b> – Poshmark stock tanked 12.5% in the premarket, despite upbeat first-quarter results. The company reported a loss of 33 cents per share, smaller than the 42 cents a share loss expected by Wall Street analysts. The online retailer of used luxury goods also saw revenue come in above analyst forecasts.</p><p><b>11)&nbsp;Lowe’s(LOW) </b>– Lowe’s was upgraded to “outperform” from “perform” at Oppenheimer, which pointed to the home improvement retailer’s discounted valuation compared to that of rivalHome Depot(HD).</p><p><b>In rates, </b>treasuries were calmer and little changed trading near the low end of Wednesday’s range, with curve slightly flatter, after erasing gains. Treasury 10-year yields around 1.697% are less than 1bp higher on the day; bunds lag by 3bp, gilts by 4bp on Ascension Day holiday in some euro-area countries including Germany and France.&nbsp; Dip-buying emerged during an active Asia session in which cash and futures volumes were almost double recent average. The Treasury auction cycle concludes with $27b 30-year bond sale at 1pm ET; Wednesday’s 10-year stopped through by more than 1bp; the WI 30-year yield is around 2.395% is above auction stops since November 2019 and 7.5bp cheaper than last month’s, which stopped through by 1.6bp. Yield curves in Europe bear steepen. BTPs widen across the curve to bunds, trading around session lows after a soft reception at today’s auctions.</p><p><b>In FX, </b>the Bloomberg Dollar index held steady around Wednesday’s best levels. A gauge of the dollar’s implied volatility climbed to a one- month high after a surprisingly strong U.S. inflation print prompted traders to recalibrate bets for an interest-rate hike. Still, options traders haven’t determined whether that makes for a stronger greenback. The Australian dollar fell to its lowest in over a week as iron ore futures dropped after Chinese Premier Li Keqiang urged the country to deal with the surge in commodity prices and its impact. The yen and Swiss franc led advances as global stocks fell to a six-week low and U.S. equity futures retreated. NOK and AUD are the worst performers in G-10, CHF outperforms. EUR/USD briefly tests 1.21 before paring gains. TRY lags in EMFX. Bitcoin remains ~8% lower after its overnight slump.</p><p>In commodities, front-month crude futures drop over 2%: WTI trades back on a $64-handle, Brent back below $68. Spot gold trades near $1,814/oz, holding a narrow range close to Wednesday’s worst levels. Base metals are in the red with LME nickel slumping close to 3</p><p>Meanwhile,&nbsp;<b>Bitcoin slumped as much as 15% after&nbsp;Elon Musk&nbsp;tweeted that Tesla was no longer accepting the digital currency for vehicle purchases due to environmental concerns.</b>It has since recovered much of its losses.</p><p>After yesterday's CPI shocker, the Labor Department's data is likely to show U.S. producer prices rose 0.3% last month after a gain of 1% in March. A separate report is expected to indicate claims for U.S. unemployment benefits was below 500,000 in the latest week, for the third time in a row.</p><p>Looking at the day ahead, the data highlights will include the April PPI reading from the US, as well as the weekly initial jobless claims. Central bank speakers include BoE Governor Bailey and Deputy Governor Cunliffe, the Fed’s Barkin, Waller and Bullard, the ECB’s Centeno and BoC Governor Macklem. Finally, earnings releases include Disney, Airbnb and Alibaba.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189186815","content_text":"Dow is set to extend sell-off with futures falling again.FAANGs, EV stocks rally.In FX,the Bloomberg Dollar index held steady around Wednesday’s best levels.Bitcoin slumped as much as 15%(May 13) Futures contracts tied to the major U.S. stock indexes were set to add to Wednesday's steep losses, but have started to rebound.At 8:03 a.m. ET, Nasdaq futures jumped by 0.5%, turning higher as investors stepped into buy some tech stocks under fire all week. S&P 500 futures gained 0.03%. Futures on the Dow Jones Industrial average were still off by 105 points following its worst day since January.Key tech stocks rebounded in premarket trading. Facebook, Apple, Amazon, Netflix and Alphabet turned higher in premarket trading, making back previous losses. Even Tesla reversed course, trading higher by 1.26%.Stocks making the biggest moves in the premarket: Vroom, Shift, Sonos, Poshmark & more1) Vroom(VRM) – Vroom stock jumped 11% in the premarket after it reported a smaller-than-expected loss for its latest quarter. The online used-car retailer's revenue beat estimates as demand surged. Consumers are turning to used cars as the global chip shortage crimps production of new vehicles. Vroom rivalShift(SFT) reported similarly upbeat results, and its shares rallied 8.1%.2) Sonos(SONO) – Sonos earned 12 cents per share for its latest quarter, compared to forecasts of a 22 cents per share loss. The maker of speakers and other audio products also raised full-year sales guidance, saying it believes it can meet demand despite the global chip shortage. Shares jumped 11.9% in premarket trading.3) Alibaba(BABA) – The China-based e-commerce giantfell short of analysts' forecastson the bottom line, but reported better-than-expected fiscal fourth-quarter revenue. The company also gave an upbeat revenue forecast for the current fiscal year.4) Casper Sleep(CSPR) – Casper Sleep shares soared 6.3% in premarket trading after the maker of mattresses and other bedding products reported a smaller-than-expected quarterly loss and saw revenue exceed estimates as well. It also raised its full-year outlook due to what it calls \"favorable business trends.\"5) Canada Goose(GOOS) – Shares of the outdoor apparel maker surged 5.3% in premarket action after Canada Goose reported an unexpected quarterly profit. The company earned 1 cent per share, compared to forecasts of a 12 cents per share loss (all figures in Canadian currency). Revenue also beat forecasts amid a surge in online sales and strong demand from China.6) Utz Brands(UTZ) – The snacks maker fell a penny a share shy of estimates, with quarterly earnings of 13 cents per share. Revenue was also short of forecasts, however Utz noted that its sales were impacted by February snowstorms and it issued an upbeat full-year outlook.7) Boeing(BA) – Boeingreceived Federal Aviation Administration approvalfor its proposed fix to the electrical systems of some 737 Max jets. Boeing has issued service bulletins detailing the fix and said it should only take a day or two for airlines to implement.8) Bumble(BMBL) – Bumble surprised analysts with a first quarter profit, compared to expectations of a quarterly loss. The dating service operator also reported better-than-expected revenue. Bumble issued upbeat current-quarter revenue guidance, with more people returning to dating as the pandemic recedes. Despite the upbeat numbers, Bumble shares fell 1.2% in premarket trading.9) BJ’s Wholesale(BJ) – The warehouse retailer was upgraded to “overweight” from “neutral” at J.P. Morgan Securities, which said it is more optimistic about BJ’s upcoming earnings report than most on the Street. The firm also said it sees stimulus checks giving a boost to membership renewal rates. BJ’s shares rose 1.8% in premarket trading.10) Poshmark(POSH) – Poshmark stock tanked 12.5% in the premarket, despite upbeat first-quarter results. The company reported a loss of 33 cents per share, smaller than the 42 cents a share loss expected by Wall Street analysts. The online retailer of used luxury goods also saw revenue come in above analyst forecasts.11) Lowe’s(LOW) – Lowe’s was upgraded to “outperform” from “perform” at Oppenheimer, which pointed to the home improvement retailer’s discounted valuation compared to that of rivalHome Depot(HD).In rates, treasuries were calmer and little changed trading near the low end of Wednesday’s range, with curve slightly flatter, after erasing gains. Treasury 10-year yields around 1.697% are less than 1bp higher on the day; bunds lag by 3bp, gilts by 4bp on Ascension Day holiday in some euro-area countries including Germany and France.  Dip-buying emerged during an active Asia session in which cash and futures volumes were almost double recent average. The Treasury auction cycle concludes with $27b 30-year bond sale at 1pm ET; Wednesday’s 10-year stopped through by more than 1bp; the WI 30-year yield is around 2.395% is above auction stops since November 2019 and 7.5bp cheaper than last month’s, which stopped through by 1.6bp. Yield curves in Europe bear steepen. BTPs widen across the curve to bunds, trading around session lows after a soft reception at today’s auctions.In FX, the Bloomberg Dollar index held steady around Wednesday’s best levels. A gauge of the dollar’s implied volatility climbed to a one- month high after a surprisingly strong U.S. inflation print prompted traders to recalibrate bets for an interest-rate hike. Still, options traders haven’t determined whether that makes for a stronger greenback. The Australian dollar fell to its lowest in over a week as iron ore futures dropped after Chinese Premier Li Keqiang urged the country to deal with the surge in commodity prices and its impact. The yen and Swiss franc led advances as global stocks fell to a six-week low and U.S. equity futures retreated. NOK and AUD are the worst performers in G-10, CHF outperforms. EUR/USD briefly tests 1.21 before paring gains. TRY lags in EMFX. Bitcoin remains ~8% lower after its overnight slump.In commodities, front-month crude futures drop over 2%: WTI trades back on a $64-handle, Brent back below $68. Spot gold trades near $1,814/oz, holding a narrow range close to Wednesday’s worst levels. Base metals are in the red with LME nickel slumping close to 3Meanwhile, Bitcoin slumped as much as 15% after Elon Musk tweeted that Tesla was no longer accepting the digital currency for vehicle purchases due to environmental concerns.It has since recovered much of its losses.After yesterday's CPI shocker, the Labor Department's data is likely to show U.S. producer prices rose 0.3% last month after a gain of 1% in March. A separate report is expected to indicate claims for U.S. unemployment benefits was below 500,000 in the latest week, for the third time in a row.Looking at the day ahead, the data highlights will include the April PPI reading from the US, as well as the weekly initial jobless claims. Central bank speakers include BoE Governor Bailey and Deputy Governor Cunliffe, the Fed’s Barkin, Waller and Bullard, the ECB’s Centeno and BoC Governor Macklem. Finally, earnings releases include Disney, Airbnb and Alibaba.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":195381787,"gmtCreate":1621257845349,"gmtModify":1704354730569,"author":{"id":"3581651968788675","authorId":"3581651968788675","name":"Louis96","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581651968788675","authorIdStr":"3581651968788675"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195381787","repostId":"1166522104","repostType":4,"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198001063,"gmtCreate":1620912223752,"gmtModify":1704350324868,"author":{"id":"3581651968788675","authorId":"3581651968788675","name":"Louis96","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581651968788675","authorIdStr":"3581651968788675"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198001063","repostId":"1105044762","repostType":4,"repost":{"id":"1105044762","kind":"news","pubTimestamp":1620910337,"share":"https://ttm.financial/m/news/1105044762?lang=&edition=fundamental","pubTime":"2021-05-13 20:52","market":"us","language":"en","title":"Hyliion Holdings Likely Has More Downside, but Watch It Closely","url":"https://stock-news.laohu8.com/highlight/detail?id=1105044762","media":"InvestorPlace","summary":"HYLN stock would be a great buy at a lower price or with more sales.\n\nInvestorPlacereaders know that","content":"<blockquote>\n <b>HYLN stock would be a great buy at a lower price or with more sales.</b>\n</blockquote>\n<p><i>InvestorPlace</i>readers know that I have beenvery bullishon<b>Hyliion Holdings</b>(NYSE:<b><u>HYLN</u></b>) stock for a while.</p>\n<p>A major reason is Hyliion’s middle-of-the-road approach to investing in the electric vehicle space.</p>\n<p>The sustainable trucking outfit offers plug-and-play electric powertrain solutions that are not reliant on a vast EV infrastructure.</p>\n<p>Instead, they are targeting the decarbonization of existing Class 8 vehicle powertrains.</p>\n<p>The brainchild of Thomas Healy of ALS Ice Bucket Challenge fame, HYLN has raised $600 million to finance its growth. Out of that total, $390 million consists of cash and cash equivalents and $200 million marketable securities. That is a fair amount of change to pursue product development, partnerships and pre-orders.</p>\n<p>With so much going right for the company, why is the stock down nearly 50% in the last three months?</p>\n<p>Well, there are multiple factors to explain this. First, although the junior trucking outfit has raised a lot of capital, it does not have a lot of contracts in its kitty.</p>\n<p>In addition, the wider EV sector is having a bit of a flashpoint moment as vaccines continue to roll out translating to a resurgence in cyclical stocks.</p>\n<p>Finally, there is the little matter of its financials. Operational loss is increasing while the top line remains non-existent.</p>\n<p>Overall, though, there are things to like about this company. There is less risk when investing in this one than, say, a<b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) or<b>NIO</b>(NYSE:<b><u>NIO</u></b>), primarily because of the reduced cost of its core offering. Plus, there is a huge total addressable market (TAM) for it to exploit.</p>\n<p>However, at the moment, the company is operating on a “Sell the sizzle, not the steak,” mantra.</p>\n<p><b>HYLN Stock and the Wider EV Selloff</b></p>\n<p>The selloff in EV stocks has mostly been focused on Chinese companies. However, it has also affected other companies in the space as well. And it’s not all that surprising.</p>\n<p>Now that normalcy is returning, especially in the U.S,cyclical stocks that did not receive a lot of lovelast year are making a comeback. We live in a world where<b>Coca-Cola</b>(NYSE:<b><u>KO</u></b>) is up 26.3%, and Tesla is up 331% during the same period.</p>\n<p>But there is a clear pivot that is happening. Despite the massive $5 trillion 10 year market opportunity on offer, investors turn towards traditional investments that do well in a recovery period.</p>\n<p>Plus, Joe Biden has unveiled anambitious $2 trillion American Jobs Plancovering many aspects of infrastructure. That plan did have something for EV stocks, but it mostly consists of traditional proposals touching roads and bridges. It is no surprise, therefore, that stocks attached to these segments are gaining steam.</p>\n<p>Hyliion is not a bellwether of the EV industry, but it’s not immune to factors affecting the wider sector. In addition, when you are still at a nascent stage and do not have the firepower of, let’s say, a Tesla, you feel the pinch a bit more.</p>\n<p><b>Operating Metrics Need a Lift</b></p>\n<p>At the end of the day, the fortunes of any stock are made on fundamental strength. Unfortunately, Hyliion has a lot of work to do in that respect. Although still a young company, it has not seen much preorder action while operating loss keeps ballooning.</p>\n<p>Sales, general, and administrative costs are increasing rapidly, understandable considering the business is transforming, and its research and development expenditure is also increasing.</p>\n<p>For the foreseeable future, these costs will keep increasing at a rapid pace. Hence, shareholders should expect more dilution. Total outstanding shares have jumped to 170.3 million at the last reporting date from 24.2 million at the end of 2018. When you take all of this into consideration, you begin to understand why investors bailed on HYLN stock.</p>\n<p><b>Firmly Neutral Territory</b></p>\n<p>HYLN stock is not a dud. On the contrary, it has a viable product and a total addressable market of eight million trucks in operation, and 944,000 trucks sold annually, a replacement opportunity worth roughly $800 billion.</p>\n<p>In addition, its Hypertruck ERX system is equipped with data analytics software. That is an enviable source of recurring revenues and margin growth. If you couple all this with the ambition, charisma, and talent of Thomas Healy, you have all the makings of a winner.</p>\n<p>Still, HYLN stock debuted at the height of EV mania, when most retail investors were fixated on finding the next Tesla. Hence, the valuation and fundamentals went in opposite directions. That doesn’t mean it’s a bad company. It just means that for the risk you are taking on, shares need to trade at a more reasonable valuation.</p>\n<p>For me, the stock has moved from a “buy” to a “neutral” category and will remain there until we see more preorders.</p>\n<p><i>On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.</i></p>","source":"lsy1606302653667","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>Hyliion Holdings Likely Has More Downside, but Watch It Closely</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\">\nHyliion Holdings Likely Has More Downside, but Watch It Closely\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/05/hyln-stock-more-downside-watch-closely/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HYLN stock would be a great buy at a lower price or with more sales.\n\nInvestorPlacereaders know that I have beenvery bullishonHyliion Holdings(NYSE:HYLN) stock for a while.\nA major reason is Hyliion’s...</p>\n\n<a href=\"https://investorplace.com/2021/05/hyln-stock-more-downside-watch-closely/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HYLN":"Hyliion Holdings Corp."},"source_url":"https://investorplace.com/2021/05/hyln-stock-more-downside-watch-closely/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105044762","content_text":"HYLN stock would be a great buy at a lower price or with more sales.\n\nInvestorPlacereaders know that I have beenvery bullishonHyliion Holdings(NYSE:HYLN) stock for a while.\nA major reason is Hyliion’s middle-of-the-road approach to investing in the electric vehicle space.\nThe sustainable trucking outfit offers plug-and-play electric powertrain solutions that are not reliant on a vast EV infrastructure.\nInstead, they are targeting the decarbonization of existing Class 8 vehicle powertrains.\nThe brainchild of Thomas Healy of ALS Ice Bucket Challenge fame, HYLN has raised $600 million to finance its growth. Out of that total, $390 million consists of cash and cash equivalents and $200 million marketable securities. That is a fair amount of change to pursue product development, partnerships and pre-orders.\nWith so much going right for the company, why is the stock down nearly 50% in the last three months?\nWell, there are multiple factors to explain this. First, although the junior trucking outfit has raised a lot of capital, it does not have a lot of contracts in its kitty.\nIn addition, the wider EV sector is having a bit of a flashpoint moment as vaccines continue to roll out translating to a resurgence in cyclical stocks.\nFinally, there is the little matter of its financials. Operational loss is increasing while the top line remains non-existent.\nOverall, though, there are things to like about this company. There is less risk when investing in this one than, say, aTesla(NASDAQ:TSLA) orNIO(NYSE:NIO), primarily because of the reduced cost of its core offering. Plus, there is a huge total addressable market (TAM) for it to exploit.\nHowever, at the moment, the company is operating on a “Sell the sizzle, not the steak,” mantra.\nHYLN Stock and the Wider EV Selloff\nThe selloff in EV stocks has mostly been focused on Chinese companies. However, it has also affected other companies in the space as well. And it’s not all that surprising.\nNow that normalcy is returning, especially in the U.S,cyclical stocks that did not receive a lot of lovelast year are making a comeback. We live in a world whereCoca-Cola(NYSE:KO) is up 26.3%, and Tesla is up 331% during the same period.\nBut there is a clear pivot that is happening. Despite the massive $5 trillion 10 year market opportunity on offer, investors turn towards traditional investments that do well in a recovery period.\nPlus, Joe Biden has unveiled anambitious $2 trillion American Jobs Plancovering many aspects of infrastructure. That plan did have something for EV stocks, but it mostly consists of traditional proposals touching roads and bridges. It is no surprise, therefore, that stocks attached to these segments are gaining steam.\nHyliion is not a bellwether of the EV industry, but it’s not immune to factors affecting the wider sector. In addition, when you are still at a nascent stage and do not have the firepower of, let’s say, a Tesla, you feel the pinch a bit more.\nOperating Metrics Need a Lift\nAt the end of the day, the fortunes of any stock are made on fundamental strength. Unfortunately, Hyliion has a lot of work to do in that respect. Although still a young company, it has not seen much preorder action while operating loss keeps ballooning.\nSales, general, and administrative costs are increasing rapidly, understandable considering the business is transforming, and its research and development expenditure is also increasing.\nFor the foreseeable future, these costs will keep increasing at a rapid pace. Hence, shareholders should expect more dilution. Total outstanding shares have jumped to 170.3 million at the last reporting date from 24.2 million at the end of 2018. When you take all of this into consideration, you begin to understand why investors bailed on HYLN stock.\nFirmly Neutral Territory\nHYLN stock is not a dud. On the contrary, it has a viable product and a total addressable market of eight million trucks in operation, and 944,000 trucks sold annually, a replacement opportunity worth roughly $800 billion.\nIn addition, its Hypertruck ERX system is equipped with data analytics software. That is an enviable source of recurring revenues and margin growth. If you couple all this with the ambition, charisma, and talent of Thomas Healy, you have all the makings of a winner.\nStill, HYLN stock debuted at the height of EV mania, when most retail investors were fixated on finding the next Tesla. Hence, the valuation and fundamentals went in opposite directions. That doesn’t mean it’s a bad company. It just means that for the risk you are taking on, shares need to trade at a more reasonable valuation.\nFor me, the stock has moved from a “buy” to a “neutral” category and will remain there until we see more preorders.\nOn the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198003605,"gmtCreate":1620912215607,"gmtModify":1704350323737,"author":{"id":"3581651968788675","authorId":"3581651968788675","name":"Louis96","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581651968788675","authorIdStr":"3581651968788675"},"themes":[],"htmlText":"&nbsp;hi","listText":"&nbsp;hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198003605","repostId":"1105044762","repostType":4,"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198003325,"gmtCreate":1620912178967,"gmtModify":1704350324545,"author":{"id":"3581651968788675","authorId":"3581651968788675","name":"Louis96","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581651968788675","authorIdStr":"3581651968788675"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198003325","repostId":"1189186815","repostType":4,"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}