Singlish personal page - To The Moon

Singlish

Singlish

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2021-12-23

Good game

2022-07-18

$SILVERLAKE AXIS LTD(5CP.SI)$watching this

2022-07-22

$Nanofilm(MZH.SI)$Dive

2022-04-04

$UNION GAS HOLDINGS LIMITED(1F2.SI)$Worse stock

2021-05-28

Wow

Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he's wagering it all in one final push to $3 million

2021-05-25

$Precipio, Inc.(PRPO)$Do i have a chance to turn around?

2022-04-19

$IFAST CORPORATION LTD.(AIY.SI)$Not fast move very slowly

2022-08-30

Good

Ryan Cohen's Bed Bath & Beyond Stock Sales Highlight Gray Area in Disclosure

2022-07-05

$Alpha & Omega Semiconductor(AOSL)$Good to accumulate

2022-12-05

$Coinbase Global, Inc.(COIN)$ Buy

2022-10-24

Good

3 Stocks to Sell That Will Be Big Losers in 2023

2022-04-07

$UMS HOLDINGS LIMITED(558.SI)$Looking $1 to buy

2021-07-19

$UNION GAS HOLDINGS LIMITED(1F2.SI)$Gas went up

2021-07-08

Wow

AMG to Acquire Majority Stake in Parnassus; Shares Pop 7%

2021-05-20

Good

Oat Milk Company Oatly to IPO -- Here's What Investors Need to Know

2021-05-18

Wow

Wall St ends lower, pulled down by tech stocks

2022-06-30

$Uxin(UXIN)$Hopeless

2021-08-19

$Nanofilm(MZH.SI)$Deep red

2021-07-30

$Uxin(UXIN)$Maybe earning results is solid

2022-08-25

$IFAST CORPORATION LTD.(AIY.SI)$Selling

Go to Tiger App to see more news

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My personal thought was i will average down for it","text":"As long as it can distribute dividen for share holder. My personal thought was i will average down for it","html":"As long as it can distribute dividen for share holder. My personal thought was i will average down for it"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135883231,"gmtCreate":1622157536523,"gmtModify":1704180384526,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/135883231","repostId":"2138517320","repostType":4,"repost":{"id":"2138517320","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1622129220,"share":"https://ttm.financial/m/news/2138517320?lang=&edition=fundamental","pubTime":"2021-05-27 23:27","market":"us","language":"en","title":"Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he's wagering it all in one final push to $3 million","url":"https://stock-news.laohu8.com/highlight/detail?id=2138517320","media":"Dow Jones","summary":"Don't invest like Andrew Dawood -- you may never be as lucky.The Egyptian-born resident of Dubai tur","content":"<p>Don't invest like Andrew Dawood -- you may never be as lucky.</p><p>The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin , Chinese electric-vehicle maker NIO <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, and videogame-retailer GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> over a four-year period, he told MarketWatch in an interview.</p><p>He can technically call himself a millionaire; but, he's risking it all to reach a goal of more than $3 million before 2025.</p><p>In many ways, Dawood's tale represents the new type of buyer on Wall Street, eager to grow wealth and willing to make outsize wagers in the hope of minting boatloads of money on Wall Street -- even if it imperils the entire bet in the process.</p><p>Dawood, who works as a flight attendant for <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the world's largest airlines (he declined to identify the company by name), said he saved about $40,000 over four years and invested the entire amount in bitcoin on the Bittrex exchange, among others, at an average price of around $4,200 between Aug. 13 and Aug. 28 of 2017, accumulating 9.71 tokens.</p><p>MarketWatch looked over trade statements that he shared to confirm his transactions.</p><p>\"In my mind, if it gets to $5,000 or $6,000, fine, then I will sell it and be more than happy,\" the 31-year-old told MarketWatch.</p><p>Then mishap struck, he frittered away 3.95 bitcoins by attempting to boost his stake in the digital asset by selling as the price rose in the hope of buying more when it retreated in value.</p><p>\"But it didn't work. Every time I sold, it just went higher, and I bought again quickly, I kept repeating and thus reduced my bitcoin to 5.76 bitcoin,\" he explained.</p><p>It turned out to be an error that slashed about $70,000 from his account, at that time.</p><p>Dawood said that he eventually sold his remaining bitcoin to a man he met through www.localbitcoins.com , a site that matches buyers and sellers of crypto and touts human-to-human transactions.</p><p>The buyer wanted to wire him the sale proceeds but Dawood felt more comfortable meeting in a public place. Dawood arranged to meet at a nearby Dubai mall.</p><p>He accepted 370,000 Emirati Dirham , the equivalent of about $100,000 at the time, in exchange for his 5.76 bitcoin.</p><p>\"I counted the [money] and then deposited [it] in my 2 bank accounts in separate transactions.</p><p>For most people, this is where the story ends, especially after taking a nearly 4-bitcoin profit in his crypto foray.</p><p>However, Dawood was itching to find a fresh investment. So he bought 15,500 shares of NIO at $4.64 on Jan. 23, 2020, and another chunk of 6,565 shares at $4.12 days later as the stock slipped, before making a final purchase of 2,055 shares at $12.79 in July.</p><p>In total, he was holding on to more than 24,000 NIO shares, which cost him a little over $125,000, including an additional $25,000 that he accumulated from winning bets in Organigram Holdings (OG<a href=\"https://laohu8.com/S/00999\">I.T</a>), and Canadian cannabis company Aphria, which was bought by rival <a href=\"https://laohu8.com/S/TLRY\">Tilray Inc.</a>  in a deal announced earlier this year.</p><p>Nearly a year after his January 2020 buy, Dawood sold his more than 24,000 shares of NIO in December, bought at an average price of $7.18, at $46.603 for a total of $1.124 million, trading statements reviewed by MarketWatch show.</p><p>Then, he took the money from his NIO investment and poured the entire sum into GameStop Corp. <a href=\"https://laohu8.com/S/GME.AU\">$(GME.AU)$</a>, purchasing more than 50,500 shares on Dec. 28, 2020 at around $22.</p><p>\"It's a stupid move, I agree,\" he told MarketWatch. \"And my friends and my family all told me not to.\" But Dawood did it anyway.</p><p>Tales of thrill-seeking investors appear to be growing against a backdrop of a stock market that is flush with liquidity from central banks across the globe and a prevailing climate of low interest rates that have emboldened investors young and old to carve out paths that might make the likes of Berkshire Hathaway (BRKA)(BRKA) CEO Warren Buffett or Peter Lynch grimace.</p><p>Brokerages, offering zero-commission trades are riding this wave of new investors. Fidelity Investments, for example, said that it added 4.1 million new accounts , according to data from JMP Securities, as stuck-at-home investors used pandemic stimulus funds to make stock bets.</p><p>National Securities chief market strategist Art Hogan said that \"there are literally thousands of stories\" like Dawood's that \"worked out the other way.\"</p><p>\"To me, this is a great sideshow story that really has nothing to do with investing whatsoever, but it's the nature of what's happening now,\" Hogan said.</p><p>The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  have seen choppy trade in recent weeks, but indexes aren't that far from record highs as investors wrestle with the prospect of higher inflation and a sizzling post-pandemic economy.</p><p>A recent New York Times article made crypto trader Glauber Contessoto  famous, after documenting the 33-year-old's outlandish, leveraged bets on \"meme\" asset dogecoin , which had made him roughly $2 million as of early to mid-May.</p><p>Dogecoin has taken a precipitous drop along with the rest of the crypto complex since then, however.</p><p>See:Individual investors are back--here's what it means for the stock market</p><p>Dawood says that he wants people to know his story because he thinks that too few of his friends and people his age are investing and he believes that saving isn't enough to grow wealth.</p><p>There are a couple of things to know about Dawood's GameStop wager. Had he been as patient with his GME bet as he was with NIO, he would be a millionaire many times over.</p><p>His shares would have been worth $17.5 million had he sold GameStop around the peak in January, and those shares would still be worth around $12 million if he owned them today.</p><p>But he says he sold them at $33 because a paper profit isn't profit at all.</p><p>Despite this, Dawood grew his portfolio to roughly $1.7 million. Nothing to sneeze at, but hardly the money that he could have made.</p><p>Does he have any regrets? \"Of course,\" he said. But he's living with it.</p><p>So what did Dawood do with the proceeds from GameStop?</p><p>He put it back in NIO and that is where it will stay until it hits $100. He's already lost a chunk on that wager. NIO is trading at $37.92 as of Wednesday, or about half of where Dawood originally bought it.</p><p>Meanwhile, he has been supplementing his income by selling covered calls against his investment portfolio. A call is an option that gives the holder the right, but not the obligation, to buy the underlying asset at a specified strike price by a certain time.</p><p>By selling calls, Dawood is effectively betting that the price won't rise above the strike price, while collecting the premium paid by the buyer for the option.</p><p>Check out:How an options-trading frenzy is lifting stocks and stirring fears of a market bubble</p><p>If his stocks rise in value above the strike price, he pays the option buyer the difference between the equity price and the strike price. If the stock falls or doesn't rise enough to hit the exercise price, he keeps the premium paid by the option buyer. He's earned tens of thousands using that strategy so far and has lived off some of that income and invested it in NIO, most recently.</p><p>Dawood is currently on an eight-month unpaid leave from his airline gig as much of the world attempts to emerge from COVID. His expenses are minimal.</p><p>His company pays for his apartment, where he has lived for a number of years and he drives a modest vehicle for a would-be millionaire: a 2011 Ford Figo:</p><p>He said that he plans to end his high-risk parlays once he hits $3 million, at which point he may buy property and purchase something more staid and secure than meme stocks and crypto.</p><p>\"I will tell you that when you contemplate things like that, when you say to yourself 'when I get to this amount, I will stop' or whatever your goal is...you're really just rolling the dice,\" the National Securities' Hogan added.</p><p>\"Congratulations to him for how it's turned out so far...but this isn't investing, it's gambling,\" Hogan said.</p><p>Right now, Dawood isn't blinking, despite NIO's recent slump. \"I believe in NIO,\" he said and plus, \"Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> was too expensive for me,\" he said.</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>Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he's wagering it all in one final push to $3 million</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\">\nBitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he's wagering it all in one final push to $3 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-27 23:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Don't invest like Andrew Dawood -- you may never be as lucky.</p><p>The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin , Chinese electric-vehicle maker NIO <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a>, and videogame-retailer GameStop Corp. <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> over a four-year period, he told MarketWatch in an interview.</p><p>He can technically call himself a millionaire; but, he's risking it all to reach a goal of more than $3 million before 2025.</p><p>In many ways, Dawood's tale represents the new type of buyer on Wall Street, eager to grow wealth and willing to make outsize wagers in the hope of minting boatloads of money on Wall Street -- even if it imperils the entire bet in the process.</p><p>Dawood, who works as a flight attendant for <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the world's largest airlines (he declined to identify the company by name), said he saved about $40,000 over four years and invested the entire amount in bitcoin on the Bittrex exchange, among others, at an average price of around $4,200 between Aug. 13 and Aug. 28 of 2017, accumulating 9.71 tokens.</p><p>MarketWatch looked over trade statements that he shared to confirm his transactions.</p><p>\"In my mind, if it gets to $5,000 or $6,000, fine, then I will sell it and be more than happy,\" the 31-year-old told MarketWatch.</p><p>Then mishap struck, he frittered away 3.95 bitcoins by attempting to boost his stake in the digital asset by selling as the price rose in the hope of buying more when it retreated in value.</p><p>\"But it didn't work. Every time I sold, it just went higher, and I bought again quickly, I kept repeating and thus reduced my bitcoin to 5.76 bitcoin,\" he explained.</p><p>It turned out to be an error that slashed about $70,000 from his account, at that time.</p><p>Dawood said that he eventually sold his remaining bitcoin to a man he met through www.localbitcoins.com , a site that matches buyers and sellers of crypto and touts human-to-human transactions.</p><p>The buyer wanted to wire him the sale proceeds but Dawood felt more comfortable meeting in a public place. Dawood arranged to meet at a nearby Dubai mall.</p><p>He accepted 370,000 Emirati Dirham , the equivalent of about $100,000 at the time, in exchange for his 5.76 bitcoin.</p><p>\"I counted the [money] and then deposited [it] in my 2 bank accounts in separate transactions.</p><p>For most people, this is where the story ends, especially after taking a nearly 4-bitcoin profit in his crypto foray.</p><p>However, Dawood was itching to find a fresh investment. So he bought 15,500 shares of NIO at $4.64 on Jan. 23, 2020, and another chunk of 6,565 shares at $4.12 days later as the stock slipped, before making a final purchase of 2,055 shares at $12.79 in July.</p><p>In total, he was holding on to more than 24,000 NIO shares, which cost him a little over $125,000, including an additional $25,000 that he accumulated from winning bets in Organigram Holdings (OG<a href=\"https://laohu8.com/S/00999\">I.T</a>), and Canadian cannabis company Aphria, which was bought by rival <a href=\"https://laohu8.com/S/TLRY\">Tilray Inc.</a>  in a deal announced earlier this year.</p><p>Nearly a year after his January 2020 buy, Dawood sold his more than 24,000 shares of NIO in December, bought at an average price of $7.18, at $46.603 for a total of $1.124 million, trading statements reviewed by MarketWatch show.</p><p>Then, he took the money from his NIO investment and poured the entire sum into GameStop Corp. <a href=\"https://laohu8.com/S/GME.AU\">$(GME.AU)$</a>, purchasing more than 50,500 shares on Dec. 28, 2020 at around $22.</p><p>\"It's a stupid move, I agree,\" he told MarketWatch. \"And my friends and my family all told me not to.\" But Dawood did it anyway.</p><p>Tales of thrill-seeking investors appear to be growing against a backdrop of a stock market that is flush with liquidity from central banks across the globe and a prevailing climate of low interest rates that have emboldened investors young and old to carve out paths that might make the likes of Berkshire Hathaway (BRKA)(BRKA) CEO Warren Buffett or Peter Lynch grimace.</p><p>Brokerages, offering zero-commission trades are riding this wave of new investors. Fidelity Investments, for example, said that it added 4.1 million new accounts , according to data from JMP Securities, as stuck-at-home investors used pandemic stimulus funds to make stock bets.</p><p>National Securities chief market strategist Art Hogan said that \"there are literally thousands of stories\" like Dawood's that \"worked out the other way.\"</p><p>\"To me, this is a great sideshow story that really has nothing to do with investing whatsoever, but it's the nature of what's happening now,\" Hogan said.</p><p>The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  have seen choppy trade in recent weeks, but indexes aren't that far from record highs as investors wrestle with the prospect of higher inflation and a sizzling post-pandemic economy.</p><p>A recent New York Times article made crypto trader Glauber Contessoto  famous, after documenting the 33-year-old's outlandish, leveraged bets on \"meme\" asset dogecoin , which had made him roughly $2 million as of early to mid-May.</p><p>Dogecoin has taken a precipitous drop along with the rest of the crypto complex since then, however.</p><p>See:Individual investors are back--here's what it means for the stock market</p><p>Dawood says that he wants people to know his story because he thinks that too few of his friends and people his age are investing and he believes that saving isn't enough to grow wealth.</p><p>There are a couple of things to know about Dawood's GameStop wager. Had he been as patient with his GME bet as he was with NIO, he would be a millionaire many times over.</p><p>His shares would have been worth $17.5 million had he sold GameStop around the peak in January, and those shares would still be worth around $12 million if he owned them today.</p><p>But he says he sold them at $33 because a paper profit isn't profit at all.</p><p>Despite this, Dawood grew his portfolio to roughly $1.7 million. Nothing to sneeze at, but hardly the money that he could have made.</p><p>Does he have any regrets? \"Of course,\" he said. But he's living with it.</p><p>So what did Dawood do with the proceeds from GameStop?</p><p>He put it back in NIO and that is where it will stay until it hits $100. He's already lost a chunk on that wager. NIO is trading at $37.92 as of Wednesday, or about half of where Dawood originally bought it.</p><p>Meanwhile, he has been supplementing his income by selling covered calls against his investment portfolio. A call is an option that gives the holder the right, but not the obligation, to buy the underlying asset at a specified strike price by a certain time.</p><p>By selling calls, Dawood is effectively betting that the price won't rise above the strike price, while collecting the premium paid by the buyer for the option.</p><p>Check out:How an options-trading frenzy is lifting stocks and stirring fears of a market bubble</p><p>If his stocks rise in value above the strike price, he pays the option buyer the difference between the equity price and the strike price. If the stock falls or doesn't rise enough to hit the exercise price, he keeps the premium paid by the option buyer. He's earned tens of thousands using that strategy so far and has lived off some of that income and invested it in NIO, most recently.</p><p>Dawood is currently on an eight-month unpaid leave from his airline gig as much of the world attempts to emerge from COVID. His expenses are minimal.</p><p>His company pays for his apartment, where he has lived for a number of years and he drives a modest vehicle for a would-be millionaire: a 2011 Ford Figo:</p><p>He said that he plans to end his high-risk parlays once he hits $3 million, at which point he may buy property and purchase something more staid and secure than meme stocks and crypto.</p><p>\"I will tell you that when you contemplate things like that, when you say to yourself 'when I get to this amount, I will stop' or whatever your goal is...you're really just rolling the dice,\" the National Securities' Hogan added.</p><p>\"Congratulations to him for how it's turned out so far...but this isn't investing, it's gambling,\" Hogan said.</p><p>Right now, Dawood isn't blinking, despite NIO's recent slump. \"I believe in NIO,\" he said and plus, \"Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> was too expensive for me,\" he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","TLRY":"Tilray Inc.","GME":"游戏驿站","OGI":"ORGANIGRAM HOLD","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138517320","content_text":"Don't invest like Andrew Dawood -- you may never be as lucky.The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin , Chinese electric-vehicle maker NIO $(NIO)$, and videogame-retailer GameStop Corp. $(GME)$ over a four-year period, he told MarketWatch in an interview.He can technically call himself a millionaire; but, he's risking it all to reach a goal of more than $3 million before 2025.In many ways, Dawood's tale represents the new type of buyer on Wall Street, eager to grow wealth and willing to make outsize wagers in the hope of minting boatloads of money on Wall Street -- even if it imperils the entire bet in the process.Dawood, who works as a flight attendant for one of the world's largest airlines (he declined to identify the company by name), said he saved about $40,000 over four years and invested the entire amount in bitcoin on the Bittrex exchange, among others, at an average price of around $4,200 between Aug. 13 and Aug. 28 of 2017, accumulating 9.71 tokens.MarketWatch looked over trade statements that he shared to confirm his transactions.\"In my mind, if it gets to $5,000 or $6,000, fine, then I will sell it and be more than happy,\" the 31-year-old told MarketWatch.Then mishap struck, he frittered away 3.95 bitcoins by attempting to boost his stake in the digital asset by selling as the price rose in the hope of buying more when it retreated in value.\"But it didn't work. Every time I sold, it just went higher, and I bought again quickly, I kept repeating and thus reduced my bitcoin to 5.76 bitcoin,\" he explained.It turned out to be an error that slashed about $70,000 from his account, at that time.Dawood said that he eventually sold his remaining bitcoin to a man he met through www.localbitcoins.com , a site that matches buyers and sellers of crypto and touts human-to-human transactions.The buyer wanted to wire him the sale proceeds but Dawood felt more comfortable meeting in a public place. Dawood arranged to meet at a nearby Dubai mall.He accepted 370,000 Emirati Dirham , the equivalent of about $100,000 at the time, in exchange for his 5.76 bitcoin.\"I counted the [money] and then deposited [it] in my 2 bank accounts in separate transactions.For most people, this is where the story ends, especially after taking a nearly 4-bitcoin profit in his crypto foray.However, Dawood was itching to find a fresh investment. So he bought 15,500 shares of NIO at $4.64 on Jan. 23, 2020, and another chunk of 6,565 shares at $4.12 days later as the stock slipped, before making a final purchase of 2,055 shares at $12.79 in July.In total, he was holding on to more than 24,000 NIO shares, which cost him a little over $125,000, including an additional $25,000 that he accumulated from winning bets in Organigram Holdings (OGI.T), and Canadian cannabis company Aphria, which was bought by rival Tilray Inc.  in a deal announced earlier this year.Nearly a year after his January 2020 buy, Dawood sold his more than 24,000 shares of NIO in December, bought at an average price of $7.18, at $46.603 for a total of $1.124 million, trading statements reviewed by MarketWatch show.Then, he took the money from his NIO investment and poured the entire sum into GameStop Corp. $(GME.AU)$, purchasing more than 50,500 shares on Dec. 28, 2020 at around $22.\"It's a stupid move, I agree,\" he told MarketWatch. \"And my friends and my family all told me not to.\" But Dawood did it anyway.Tales of thrill-seeking investors appear to be growing against a backdrop of a stock market that is flush with liquidity from central banks across the globe and a prevailing climate of low interest rates that have emboldened investors young and old to carve out paths that might make the likes of Berkshire Hathaway (BRKA)(BRKA) CEO Warren Buffett or Peter Lynch grimace.Brokerages, offering zero-commission trades are riding this wave of new investors. Fidelity Investments, for example, said that it added 4.1 million new accounts , according to data from JMP Securities, as stuck-at-home investors used pandemic stimulus funds to make stock bets.National Securities chief market strategist Art Hogan said that \"there are literally thousands of stories\" like Dawood's that \"worked out the other way.\"\"To me, this is a great sideshow story that really has nothing to do with investing whatsoever, but it's the nature of what's happening now,\" Hogan said.The Dow Jones Industrial Average , the S&P 500 index  and the Nasdaq Composite Index  have seen choppy trade in recent weeks, but indexes aren't that far from record highs as investors wrestle with the prospect of higher inflation and a sizzling post-pandemic economy.A recent New York Times article made crypto trader Glauber Contessoto  famous, after documenting the 33-year-old's outlandish, leveraged bets on \"meme\" asset dogecoin , which had made him roughly $2 million as of early to mid-May.Dogecoin has taken a precipitous drop along with the rest of the crypto complex since then, however.See:Individual investors are back--here's what it means for the stock marketDawood says that he wants people to know his story because he thinks that too few of his friends and people his age are investing and he believes that saving isn't enough to grow wealth.There are a couple of things to know about Dawood's GameStop wager. Had he been as patient with his GME bet as he was with NIO, he would be a millionaire many times over.His shares would have been worth $17.5 million had he sold GameStop around the peak in January, and those shares would still be worth around $12 million if he owned them today.But he says he sold them at $33 because a paper profit isn't profit at all.Despite this, Dawood grew his portfolio to roughly $1.7 million. Nothing to sneeze at, but hardly the money that he could have made.Does he have any regrets? \"Of course,\" he said. But he's living with it.So what did Dawood do with the proceeds from GameStop?He put it back in NIO and that is where it will stay until it hits $100. He's already lost a chunk on that wager. NIO is trading at $37.92 as of Wednesday, or about half of where Dawood originally bought it.Meanwhile, he has been supplementing his income by selling covered calls against his investment portfolio. A call is an option that gives the holder the right, but not the obligation, to buy the underlying asset at a specified strike price by a certain time.By selling calls, Dawood is effectively betting that the price won't rise above the strike price, while collecting the premium paid by the buyer for the option.Check out:How an options-trading frenzy is lifting stocks and stirring fears of a market bubbleIf his stocks rise in value above the strike price, he pays the option buyer the difference between the equity price and the strike price. If the stock falls or doesn't rise enough to hit the exercise price, he keeps the premium paid by the option buyer. He's earned tens of thousands using that strategy so far and has lived off some of that income and invested it in NIO, most recently.Dawood is currently on an eight-month unpaid leave from his airline gig as much of the world attempts to emerge from COVID. His expenses are minimal.His company pays for his apartment, where he has lived for a number of years and he drives a modest vehicle for a would-be millionaire: a 2011 Ford Figo:He said that he plans to end his high-risk parlays once he hits $3 million, at which point he may buy property and purchase something more staid and secure than meme stocks and crypto.\"I will tell you that when you contemplate things like that, when you say to yourself 'when I get to this amount, I will stop' or whatever your goal is...you're really just rolling the dice,\" the National Securities' Hogan added.\"Congratulations to him for how it's turned out so far...but this isn't investing, it's gambling,\" Hogan said.Right now, Dawood isn't blinking, despite NIO's recent slump. \"I believe in NIO,\" he said and plus, \"Tesla Inc. $(TSLA)$ was too expensive for me,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131718706,"gmtCreate":1621896025205,"gmtModify":1704363855245,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PRPO\">$Precipio, Inc.(PRPO)$</a>Do i have a chance to turn around?","listText":"<a href=\"https://laohu8.com/S/PRPO\">$Precipio, Inc.(PRPO)$</a>Do i have a chance to turn around?","text":"$Precipio, Inc.(PRPO)$Do i have a chance to turn around?","images":[{"img":"https://static.tigerbbs.com/ea24196bc5b489906f4c92b0ac52f88b","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/131718706","isVote":1,"tweetType":1,"viewCount":1156,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577326542577124","authorId":"3577326542577124","name":"frosty","avatar":"https://static.tigerbbs.com/46318d1e286fdecb58a90e0bee3336b1","crmLevel":2,"crmLevelSwitch":0,"idStr":"3577326542577124","authorIdStr":"3577326542577124"},"content":"yep it can definitely go up. you can average down easily.","text":"yep it can definitely go up. you can average down easily.","html":"yep it can definitely go up. you can average down easily."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9088305064,"gmtCreate":1650316307912,"gmtModify":1676534691803,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>Not fast move very slowly","listText":"<a href=\"https://ttm.financial/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a>Not fast move very slowly","text":"$IFAST CORPORATION LTD.(AIY.SI)$Not fast move very slowly","images":[{"img":"https://community-static.tradeup.com/news/289dcdab18e59d6c9da7c49972986672","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088305064","isVote":1,"tweetType":1,"viewCount":380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9997432196,"gmtCreate":1661831797017,"gmtModify":1676536587892,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997432196","repostId":"2263839127","repostType":4,"repost":{"id":"2263839127","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1661831484,"share":"https://ttm.financial/m/news/2263839127?lang=&edition=fundamental","pubTime":"2022-08-30 11:51","market":"us","language":"en","title":"Ryan Cohen's Bed Bath & Beyond Stock Sales Highlight Gray Area in Disclosure","url":"https://stock-news.laohu8.com/highlight/detail?id=2263839127","media":"Dow Jones","summary":"Ryan Cohen sold his entire stake in Bed Bath & Beyond in a two-day period earlier this month.Investo","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4532bac9ffc5e33bb8afd6c1d10b1cc\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/><span>Ryan Cohen sold his entire stake in Bed Bath &amp; Beyond in a two-day period earlier this month.</span></p><p>Investor Ryan Cohen might have run afoul of disclosure guidelines in his surprise sale of Bed Bath &amp; Beyond Inc. stock this month, securities lawyers said, but regulatory action against him appears unlikely.</p><p>Mr. Cohen sold his entire stake in the home-goods retailer on Aug. 16 and 17, just months after he took a significant position in the company and pledged to force changes there. Shares tumbled after news of his sales came out on the afternoon of the 17th, but meanwhile Mr. Cohen benefited from a huge surge in volume that enabled him to sell millions of shares while prices rose.</p><p>An ownership disclosure that Mr. Cohen filed on the morning he began selling included a trivial update about the size of his holdings and said he hadn&#39;t done any trading in Bed Bath &amp; Beyond during the prior 60 days.</p><p>The SEC requires activist investors to file the ownership disclosure, known as a 13D, when they acquire at least 5% of a company&#39;s shares and plan to influence or control the company. SEC rules dictate that investors must promptly  update the form to reflect any material changes to what they first disclosed, such as new plans to buy or sell shares.</p><p>Within minutes or hours of the ownership disclosure, Mr. Cohen began selling. Individual investors &#34;have no idea he is dumping the stock against them,&#34; said Joshua Mitts, a law professor at Columbia University who specializes in analytical research on trading strategies.</p><p>The Securities and Exchange Commission could investigate whether Mr. Cohen had a plan to sell before he filed the Aug. 16 update that he should have disclosed, according to former regulators and law professors who specialize in securities law. The SEC&#39;s enforcement division hasn&#39;t contacted him, according to a person familiar with the matter.</p><p>&#34;The question here is at the time that Cohen filed that trivial update, had he firmed up his decision to sell?&#34; said Keith Higgins, a former director of the SEC division that oversees public-company disclosures. &#34;And if he did or if he had, that omission is problematic.&#34;</p><p>A person familiar with Mr. Cohen&#39;s trading said his filings complied with rules, and he didn&#39;t make any offers or seek any prices for his Bed Bath &amp; Beyond shares before making the Aug. 16 ownership disclosure update.</p><p>Many large investors don&#39;t formulate written plans to buy or sell, to avoid triggering the requirement to update the ownership disclosure, said Adam Pritchard, a securities and corporate law professor at the University of Michigan. &#34;If you are properly lawyered, you don&#39;t have a plan until you decide you are going to sell,&#34; Mr. Pritchard said.</p><p>Instead, activist investors typically disclose that they could either buy or sell, which they say satisfies their disclosure requirements while giving them room to change their minds, according to lawyers who practice in the area. In some cases, investors have disclosed plans to sell their stakes before trading.</p><p>&#34;If his intent was to truly do nothing&#34; on the morning of Aug. 16, &#34;then that is a hard enforcement case,&#34; Mr. Mitts said. &#34;If I were the SEC, I would want really clear evidence that the trading decision had been made.&#34;</p><p>The SEC sometimes brings enforcement actions when it believes investors have violated these rules. In 2008, regulators said Tracinda Corp., the holding company of famed investor Kirk Kerkorian, failed to properly reveal a plan to sell 28 million shares of General Motors Co. The settlement order said the 13D calls for determining &#34;whether additional disclosures are required before any such purchase or sale.&#34;</p><p>Tracinda settled the enforcement action without paying a penalty.</p><p>In another case settled two years ago, private-equity firm WCAS Management Corp. paid $100,000 to settle SEC claims that it failed to update its disclosures about a plan to take over <a href=\"https://laohu8.com/S/HGR\">Hanger</a> Inc. The SEC said the private-equity firm should have filed the ownership-disclosure update once it &#34;had abandoned its interest in acquiring Hanger&#34; and formed a plan to sell its shares.</p><p>Earlier this year, the SEC proposed a rule that would require investors to file updates to their ownership disclosure within one business day. The current rule says the form must be promptly updated; the SEC has never defined a prompt time frame, but its staff generally expects changes to be disclosed within several days, according to former regulators.</p><p>The SEC declined to comment.</p><p>Bed Bath &amp; Beyond stock has lost more than half its value since Mr. Cohen sold his shares. The company has selected asset manager Sixth Street Partners, a Dallas-based firm that makes loans to troubled companies, to provide new financing. Some vendors have been pulling credit to the company in recent weeks, sources have told The Wall Street Journal.</p><p>Some analysts say Mr. Cohen took advantage of the exuberance of those who favor speculative securities known as meme stocks. These investors, who call themselves &#34;apes,&#34; are among individuals who purchased a net $131 million of Bed Bath &amp; Beyond shares on Aug. 16 and 17, according to Vanda Research. Filings show Mr. Cohen sold $178 million of the stock over that period.</p><p>&#34;The apes have a target on their back,&#34; said Daniel Taylor, an accounting professor at the University of Pennsylvania&#39;s Wharton School of Business who studies insider trading. &#34;It&#39;s either the CEOs of the companies who are going to exploit that or these outside individuals like Ryan Cohen.&#34;</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>Ryan Cohen's Bed Bath & Beyond Stock Sales Highlight Gray Area in Disclosure</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\">\nRyan Cohen's Bed Bath & Beyond Stock Sales Highlight Gray Area in Disclosure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-30 11:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4532bac9ffc5e33bb8afd6c1d10b1cc\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/><span>Ryan Cohen sold his entire stake in Bed Bath &amp; Beyond in a two-day period earlier this month.</span></p><p>Investor Ryan Cohen might have run afoul of disclosure guidelines in his surprise sale of Bed Bath &amp; Beyond Inc. stock this month, securities lawyers said, but regulatory action against him appears unlikely.</p><p>Mr. Cohen sold his entire stake in the home-goods retailer on Aug. 16 and 17, just months after he took a significant position in the company and pledged to force changes there. Shares tumbled after news of his sales came out on the afternoon of the 17th, but meanwhile Mr. Cohen benefited from a huge surge in volume that enabled him to sell millions of shares while prices rose.</p><p>An ownership disclosure that Mr. Cohen filed on the morning he began selling included a trivial update about the size of his holdings and said he hadn&#39;t done any trading in Bed Bath &amp; Beyond during the prior 60 days.</p><p>The SEC requires activist investors to file the ownership disclosure, known as a 13D, when they acquire at least 5% of a company&#39;s shares and plan to influence or control the company. SEC rules dictate that investors must promptly  update the form to reflect any material changes to what they first disclosed, such as new plans to buy or sell shares.</p><p>Within minutes or hours of the ownership disclosure, Mr. Cohen began selling. Individual investors &#34;have no idea he is dumping the stock against them,&#34; said Joshua Mitts, a law professor at Columbia University who specializes in analytical research on trading strategies.</p><p>The Securities and Exchange Commission could investigate whether Mr. Cohen had a plan to sell before he filed the Aug. 16 update that he should have disclosed, according to former regulators and law professors who specialize in securities law. The SEC&#39;s enforcement division hasn&#39;t contacted him, according to a person familiar with the matter.</p><p>&#34;The question here is at the time that Cohen filed that trivial update, had he firmed up his decision to sell?&#34; said Keith Higgins, a former director of the SEC division that oversees public-company disclosures. &#34;And if he did or if he had, that omission is problematic.&#34;</p><p>A person familiar with Mr. Cohen&#39;s trading said his filings complied with rules, and he didn&#39;t make any offers or seek any prices for his Bed Bath &amp; Beyond shares before making the Aug. 16 ownership disclosure update.</p><p>Many large investors don&#39;t formulate written plans to buy or sell, to avoid triggering the requirement to update the ownership disclosure, said Adam Pritchard, a securities and corporate law professor at the University of Michigan. &#34;If you are properly lawyered, you don&#39;t have a plan until you decide you are going to sell,&#34; Mr. Pritchard said.</p><p>Instead, activist investors typically disclose that they could either buy or sell, which they say satisfies their disclosure requirements while giving them room to change their minds, according to lawyers who practice in the area. In some cases, investors have disclosed plans to sell their stakes before trading.</p><p>&#34;If his intent was to truly do nothing&#34; on the morning of Aug. 16, &#34;then that is a hard enforcement case,&#34; Mr. Mitts said. &#34;If I were the SEC, I would want really clear evidence that the trading decision had been made.&#34;</p><p>The SEC sometimes brings enforcement actions when it believes investors have violated these rules. In 2008, regulators said Tracinda Corp., the holding company of famed investor Kirk Kerkorian, failed to properly reveal a plan to sell 28 million shares of General Motors Co. The settlement order said the 13D calls for determining &#34;whether additional disclosures are required before any such purchase or sale.&#34;</p><p>Tracinda settled the enforcement action without paying a penalty.</p><p>In another case settled two years ago, private-equity firm WCAS Management Corp. paid $100,000 to settle SEC claims that it failed to update its disclosures about a plan to take over <a href=\"https://laohu8.com/S/HGR\">Hanger</a> Inc. The SEC said the private-equity firm should have filed the ownership-disclosure update once it &#34;had abandoned its interest in acquiring Hanger&#34; and formed a plan to sell its shares.</p><p>Earlier this year, the SEC proposed a rule that would require investors to file updates to their ownership disclosure within one business day. The current rule says the form must be promptly updated; the SEC has never defined a prompt time frame, but its staff generally expects changes to be disclosed within several days, according to former regulators.</p><p>The SEC declined to comment.</p><p>Bed Bath &amp; Beyond stock has lost more than half its value since Mr. Cohen sold his shares. The company has selected asset manager Sixth Street Partners, a Dallas-based firm that makes loans to troubled companies, to provide new financing. Some vendors have been pulling credit to the company in recent weeks, sources have told The Wall Street Journal.</p><p>Some analysts say Mr. Cohen took advantage of the exuberance of those who favor speculative securities known as meme stocks. These investors, who call themselves &#34;apes,&#34; are among individuals who purchased a net $131 million of Bed Bath &amp; Beyond shares on Aug. 16 and 17, according to Vanda Research. Filings show Mr. Cohen sold $178 million of the stock over that period.</p><p>&#34;The apes have a target on their back,&#34; said Daniel Taylor, an accounting professor at the University of Pennsylvania&#39;s Wharton School of Business who studies insider trading. &#34;It&#39;s either the CEOs of the companies who are going to exploit that or these outside individuals like Ryan Cohen.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居","CHWY":"Chewy, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263839127","content_text":"Ryan Cohen sold his entire stake in Bed Bath & Beyond in a two-day period earlier this month.Investor Ryan Cohen might have run afoul of disclosure guidelines in his surprise sale of Bed Bath & Beyond Inc. stock this month, securities lawyers said, but regulatory action against him appears unlikely.Mr. Cohen sold his entire stake in the home-goods retailer on Aug. 16 and 17, just months after he took a significant position in the company and pledged to force changes there. Shares tumbled after news of his sales came out on the afternoon of the 17th, but meanwhile Mr. Cohen benefited from a huge surge in volume that enabled him to sell millions of shares while prices rose.An ownership disclosure that Mr. Cohen filed on the morning he began selling included a trivial update about the size of his holdings and said he hadn't done any trading in Bed Bath & Beyond during the prior 60 days.The SEC requires activist investors to file the ownership disclosure, known as a 13D, when they acquire at least 5% of a company's shares and plan to influence or control the company. SEC rules dictate that investors must promptly  update the form to reflect any material changes to what they first disclosed, such as new plans to buy or sell shares.Within minutes or hours of the ownership disclosure, Mr. Cohen began selling. Individual investors \"have no idea he is dumping the stock against them,\" said Joshua Mitts, a law professor at Columbia University who specializes in analytical research on trading strategies.The Securities and Exchange Commission could investigate whether Mr. Cohen had a plan to sell before he filed the Aug. 16 update that he should have disclosed, according to former regulators and law professors who specialize in securities law. The SEC's enforcement division hasn't contacted him, according to a person familiar with the matter.\"The question here is at the time that Cohen filed that trivial update, had he firmed up his decision to sell?\" said Keith Higgins, a former director of the SEC division that oversees public-company disclosures. \"And if he did or if he had, that omission is problematic.\"A person familiar with Mr. Cohen's trading said his filings complied with rules, and he didn't make any offers or seek any prices for his Bed Bath & Beyond shares before making the Aug. 16 ownership disclosure update.Many large investors don't formulate written plans to buy or sell, to avoid triggering the requirement to update the ownership disclosure, said Adam Pritchard, a securities and corporate law professor at the University of Michigan. \"If you are properly lawyered, you don't have a plan until you decide you are going to sell,\" Mr. Pritchard said.Instead, activist investors typically disclose that they could either buy or sell, which they say satisfies their disclosure requirements while giving them room to change their minds, according to lawyers who practice in the area. In some cases, investors have disclosed plans to sell their stakes before trading.\"If his intent was to truly do nothing\" on the morning of Aug. 16, \"then that is a hard enforcement case,\" Mr. Mitts said. \"If I were the SEC, I would want really clear evidence that the trading decision had been made.\"The SEC sometimes brings enforcement actions when it believes investors have violated these rules. In 2008, regulators said Tracinda Corp., the holding company of famed investor Kirk Kerkorian, failed to properly reveal a plan to sell 28 million shares of General Motors Co. The settlement order said the 13D calls for determining \"whether additional disclosures are required before any such purchase or sale.\"Tracinda settled the enforcement action without paying a penalty.In another case settled two years ago, private-equity firm WCAS Management Corp. paid $100,000 to settle SEC claims that it failed to update its disclosures about a plan to take over Hanger Inc. The SEC said the private-equity firm should have filed the ownership-disclosure update once it \"had abandoned its interest in acquiring Hanger\" and formed a plan to sell its shares.Earlier this year, the SEC proposed a rule that would require investors to file updates to their ownership disclosure within one business day. The current rule says the form must be promptly updated; the SEC has never defined a prompt time frame, but its staff generally expects changes to be disclosed within several days, according to former regulators.The SEC declined to comment.Bed Bath & Beyond stock has lost more than half its value since Mr. Cohen sold his shares. The company has selected asset manager Sixth Street Partners, a Dallas-based firm that makes loans to troubled companies, to provide new financing. Some vendors have been pulling credit to the company in recent weeks, sources have told The Wall Street Journal.Some analysts say Mr. Cohen took advantage of the exuberance of those who favor speculative securities known as meme stocks. These investors, who call themselves \"apes,\" are among individuals who purchased a net $131 million of Bed Bath & Beyond shares on Aug. 16 and 17, according to Vanda Research. Filings show Mr. Cohen sold $178 million of the stock over that period.\"The apes have a target on their back,\" said Daniel Taylor, an accounting professor at the University of Pennsylvania's Wharton School of Business who studies insider trading. \"It's either the CEOs of the companies who are going to exploit that or these outside individuals like Ryan Cohen.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047704943,"gmtCreate":1656976510082,"gmtModify":1676535923519,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AOSL\">$Alpha &amp; Omega Semiconductor(AOSL)$</a>Good to accumulate&nbsp;","listText":"<a href=\"https://ttm.financial/S/AOSL\">$Alpha &amp; Omega Semiconductor(AOSL)$</a>Good to accumulate&nbsp;","text":"$Alpha & Omega Semiconductor(AOSL)$Good to accumulate","images":[{"img":"https://community-static.tradeup.com/news/7d17d37a94110d3702eefd5d66d82610","width":"1284","height":"2433"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9047704943","isVote":1,"tweetType":1,"viewCount":380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9964408576,"gmtCreate":1670196685695,"gmtModify":1676538316365,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>Buy","listText":"<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a><v-v data-views=\"1\"></v-v>Buy","text":"$Coinbase Global, Inc.(COIN)$ Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9964408576","isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981406186,"gmtCreate":1666576443545,"gmtModify":1676537770022,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9981406186","repostId":"1111361245","repostType":4,"repost":{"id":"1111361245","kind":"news","pubTimestamp":1666584094,"share":"https://ttm.financial/m/news/1111361245?lang=&edition=fundamental","pubTime":"2022-10-24 12:01","market":"us","language":"en","title":"3 Stocks to Sell That Will Be Big Losers in 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1111361245","media":"InvestorPlace","summary":"Now may be the time to avoid these three stocks to sell.Walgreens Boots Alliance Inc(WBA): Isn’t gro","content":"<html><head></head><body><ul><li>Now may be the time to avoid these three stocks to sell.</li><li><b>Walgreens Boots Alliance Inc</b>(<b>WBA</b>): Isn’t growing at a pace that inspires confidence.</li><li><b>Blue Apron</b>(<b>APRN</b>): Competition is too strong and could dominate this company long-term.</li><li><b>Gold Fields</b>(<b>GFI</b>): The company’s upcoming acquisition provides combination risk.</li></ul><p>As we start to think about wrapping up 2022, looking to next year and thinking about what the market will provide is exciting. Indeed, this year has been one in which simplifying and de-risking portfolios has been a profitable task. Accordingly, the search for stocks to sell is about as important as the search for value opportunities right now.</p><p>But where to start? After all, with these lower valuations comes better buying opportunities.</p><p>That’s true. However, next year could provide a continuation (or perhaps an elongation) of existing headwinds. Rising interest rates, still-high inflation, and demand pressures could weigh on even the best companies. There’s a lot to consider for investors concerned about the macro backdrop.</p><p>Thus, even companies many consider defensive companies could continue to see pressure. Let’s dive into three stocks to sell for investors looking to reduce risk in the near term.</p><p><b>Walgreens (WBA)</b></p><p>One of the stocks I’ve generally been bullish on over the long term is <b>Walgreens</b>(NASDAQ: <b>WBA</b>). The company’s size and scale in retail speak for themselves, as do its fundamentals. This still holds for investors thinking over a multi-year time horizon.</p><p>That said, there’s reason to be cautious, even in selling mode, around Walgreens.</p><p>A company that posted only 1.2% top-line growth in its recent quarter, Walgreens is a company growth investors won’t want to consider. This company has been hit this year due to expectations that growth may continue to slow. Additionally, a shift from goods to services has been seen in the broader economy. This isn’t a great backdrop for companies like Walgreens that focus on everyday consumer goods.</p><p>Thus, for those who consider these existing headwinds to be pervasive next year, it’s hard to see why the story around WBA stock will change. This company has a strong pharmacy division, likely to provide stability. However, like other retailers, Walgreens is a stock I think could be under pressure as earnings are revised lower.</p><p><b>Blue Apron (APRN)</b></p><p>A meal-delivery kit company, <b>Blue Apron</b>(NYSE: <b>APRN</b>), surged following the onset of the pandemic. Indeed, the attractiveness of having meals delivered, rather than risking exposure at the grocery store, drove significant growth in the company’s underlying business. Over time, many expected this growth to continue.</p><p>A pioneer in this space, Blue Apron has been at the meal kit game for a decade now. As of 2017, the company captured roughly 40% of the market. However, that market share number recently has come down to 9%.</p><p>Thus, it’s not only a post-pandemic decline facing Blue Apron, but an increasingly competitive environment with investors worried. This company has a bare-bones marketing budget of only $21 million, with competitors like <b>HelloFresh</b>(OTCMKTS:<b><u>HELFY</u></b>) putting more than $500 million into growing its business. For those thinking about Blue Apron’s growth prospects in this environment, it’s not looking good right now.</p><p><b>Gold Fields (GFI)</b></p><p>Gold has always been the friend of long-term investors. One of the best ways to protect wealth against inflation pressures still holds today. And there are plenty of gold miners to consider in this space. That said, <b>Gold Fields</b>(NYSE:<b>GFI</b>) is one of the stocks to sell in this space.</p><p>Yes, the price of gold isn’t as high as many investors would like it to be. And all valuations across this sector are tied to the price of gold. However, compared to many of its larger peers, Gold Fields has underperformed. This is a gold miner, which is down more than 24% on a year-to-date basis.</p><p>Much of this has to do with the company’s recent results. For the first half of this year, the company brought in revenue of $2.2 billion. That’s a 13% jump year-over-year, which has left some investors wanting more. Additionally, the company’s pending acquisition of <b>Yamana Gold</b> has pressured this stock lower, given the premium paid for this deal. Investors worried about combination risk may want to look at other top gold miners in this space as we head into 2023.</p></body></html>","source":"investorplace","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>3 Stocks to Sell That Will Be Big Losers in 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks to Sell That Will Be Big Losers in 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-24 12:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/10/3-stocks-to-sell-that-will-be-big-losers-in-2023/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Now may be the time to avoid these three stocks to sell.Walgreens Boots Alliance Inc(WBA): Isn’t growing at a pace that inspires confidence.Blue Apron(APRN): Competition is too strong and could ...</p>\n\n<a href=\"https://investorplace.com/2022/10/3-stocks-to-sell-that-will-be-big-losers-in-2023/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GFI":"金田","APRN":"Blue Apron Holdings Inc.","WBA":"沃尔格林联合博姿"},"source_url":"https://investorplace.com/2022/10/3-stocks-to-sell-that-will-be-big-losers-in-2023/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111361245","content_text":"Now may be the time to avoid these three stocks to sell.Walgreens Boots Alliance Inc(WBA): Isn’t growing at a pace that inspires confidence.Blue Apron(APRN): Competition is too strong and could dominate this company long-term.Gold Fields(GFI): The company’s upcoming acquisition provides combination risk.As we start to think about wrapping up 2022, looking to next year and thinking about what the market will provide is exciting. Indeed, this year has been one in which simplifying and de-risking portfolios has been a profitable task. Accordingly, the search for stocks to sell is about as important as the search for value opportunities right now.But where to start? After all, with these lower valuations comes better buying opportunities.That’s true. However, next year could provide a continuation (or perhaps an elongation) of existing headwinds. Rising interest rates, still-high inflation, and demand pressures could weigh on even the best companies. There’s a lot to consider for investors concerned about the macro backdrop.Thus, even companies many consider defensive companies could continue to see pressure. Let’s dive into three stocks to sell for investors looking to reduce risk in the near term.Walgreens (WBA)One of the stocks I’ve generally been bullish on over the long term is Walgreens(NASDAQ: WBA). The company’s size and scale in retail speak for themselves, as do its fundamentals. This still holds for investors thinking over a multi-year time horizon.That said, there’s reason to be cautious, even in selling mode, around Walgreens.A company that posted only 1.2% top-line growth in its recent quarter, Walgreens is a company growth investors won’t want to consider. This company has been hit this year due to expectations that growth may continue to slow. Additionally, a shift from goods to services has been seen in the broader economy. This isn’t a great backdrop for companies like Walgreens that focus on everyday consumer goods.Thus, for those who consider these existing headwinds to be pervasive next year, it’s hard to see why the story around WBA stock will change. This company has a strong pharmacy division, likely to provide stability. However, like other retailers, Walgreens is a stock I think could be under pressure as earnings are revised lower.Blue Apron (APRN)A meal-delivery kit company, Blue Apron(NYSE: APRN), surged following the onset of the pandemic. Indeed, the attractiveness of having meals delivered, rather than risking exposure at the grocery store, drove significant growth in the company’s underlying business. Over time, many expected this growth to continue.A pioneer in this space, Blue Apron has been at the meal kit game for a decade now. As of 2017, the company captured roughly 40% of the market. However, that market share number recently has come down to 9%.Thus, it’s not only a post-pandemic decline facing Blue Apron, but an increasingly competitive environment with investors worried. This company has a bare-bones marketing budget of only $21 million, with competitors like HelloFresh(OTCMKTS:HELFY) putting more than $500 million into growing its business. For those thinking about Blue Apron’s growth prospects in this environment, it’s not looking good right now.Gold Fields (GFI)Gold has always been the friend of long-term investors. One of the best ways to protect wealth against inflation pressures still holds today. And there are plenty of gold miners to consider in this space. That said, Gold Fields(NYSE:GFI) is one of the stocks to sell in this space.Yes, the price of gold isn’t as high as many investors would like it to be. And all valuations across this sector are tied to the price of gold. However, compared to many of its larger peers, Gold Fields has underperformed. This is a gold miner, which is down more than 24% on a year-to-date basis.Much of this has to do with the company’s recent results. For the first half of this year, the company brought in revenue of $2.2 billion. That’s a 13% jump year-over-year, which has left some investors wanting more. Additionally, the company’s pending acquisition of Yamana Gold has pressured this stock lower, given the premium paid for this deal. Investors worried about combination risk may want to look at other top gold miners in this space as we head into 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9012987212,"gmtCreate":1649279808179,"gmtModify":1676534481180,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>Looking $1 to buy","listText":"<a href=\"https://ttm.financial/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>Looking $1 to buy","text":"$UMS HOLDINGS LIMITED(558.SI)$Looking $1 to buy","images":[{"img":"https://community-static.tradeup.com/news/0f10def09703e39c4e275fb697105605","width":"1125","height":"2687"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012987212","isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":173179077,"gmtCreate":1626650436499,"gmtModify":1703762559470,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/1F2.SI\">$UNION GAS HOLDINGS LIMITED(1F2.SI)$</a>Gas went up","listText":"<a href=\"https://laohu8.com/S/1F2.SI\">$UNION GAS HOLDINGS LIMITED(1F2.SI)$</a>Gas went up","text":"$UNION GAS HOLDINGS LIMITED(1F2.SI)$Gas went up","images":[{"img":"https://static.tigerbbs.com/86f5943aa346ed69e58b74258c97a263","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173179077","isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":149044342,"gmtCreate":1625698493286,"gmtModify":1703746467863,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/149044342","repostId":"2149313903","repostType":4,"repost":{"id":"2149313903","kind":"news","pubTimestamp":1625671359,"share":"https://ttm.financial/m/news/2149313903?lang=&edition=fundamental","pubTime":"2021-07-07 23:22","market":"us","language":"en","title":"AMG to Acquire Majority Stake in Parnassus; Shares Pop 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=2149313903","media":"SmarterAnalyst","summary":"Affiliated Managers Group, Inc. (AMG) inked a deal to acquire a majority equity stake in Parnassus I","content":"<p>Affiliated Managers Group, Inc. (<b>AMG</b>) inked a deal to acquire a majority equity stake in Parnassus Investments, the largest pure-play ESG-dedicated fund manager in the U.S.&nbsp;Shares of AMG popped 6.9% to close at $166.80 on July 6.</p>\n<p>AMG acts as a partner to independent, active investment management firms globally. As of March 31, 2021, AMG’s assets under management were approximately $738 billion. (See&nbsp;Affiliated Managers Group stock chart&nbsp;on TipRanks)</p>\n<p>The partnership with Parnassus will bring AMG’s ESG dedicated AUM to approximately $80 billion, and AUM incorporating ESG factors into the investment process to approximately $600 billion.</p>\n<p>Furthermore, key Parnassus leaders Benjamin Allen and Todd Ahlsten will enter into long-term employment agreements with the firm.</p>\n<p>AMG is renowned for allowing full operational and investment autonomy to its affiliates, and Parnassus also will benefit from the same.</p>\n<p>Financial terms of the deal were not disclosed, though AMG did mention that the deal will be funded with existing corporate resources. The transaction is expected to close in the second half of 2021, subject to certain closing conditions.</p>\n<p>Jay C. Horgen, President, and CEO of AMG said, “For nearly four decades, and across numerous market cycles, Parnassus has integrated fundamental financial and ESG research with the goal of achieving attractive risk-adjusted returns for its clients… AMG’s partnership with Parnassus further enhances our strategic participation in ESG investing, <a href=\"https://laohu8.com/S/AONE\">one</a> of the fastest-growing segments in the investment industry, and an area of increasingly significant focus for clients globally.”</p>\n<p>The deal is expected to contribute around $70 million to AMG’s adjusted EBITDA, and $1.30 per share to its Economic earnings in 2022.</p>\n<p>Following the news, Barrington analyst&nbsp;Alexander Paris&nbsp;reiterated a Buy rating on the stock and lifted the price target to $190 (13.9% upside potential) from $180.</p>\n<p>Paris believes that AMG has “accelerating growth ahead, driven by strong Affiliate performance, organic growth in client cash flows, new Affiliate investments (including that of Parnassus) and share repurchases.”</p>\n<p>The stock has an overall Moderate Buy consensus rating based on 2 Buys and 4 Holds. The&nbsp;average Affiliated Managers Group price target&nbsp;of $171.50 implies 2.8% upside potential to current levels. Shares have gained 130% over the past year.</p>\n<p><img src=\"https://static.tigerbbs.com/5c1ebf2e52b84dad135dd22df3ae2142\" tg-width=\"602\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p>","source":"yahoofinance","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>AMG to Acquire Majority Stake in Parnassus; Shares Pop 7%</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\">\nAMG to Acquire Majority Stake in Parnassus; Shares Pop 7%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/amg-acquire-majority-stake-parnassus-145339283.html><strong>SmarterAnalyst</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Affiliated Managers Group, Inc. (AMG) inked a deal to acquire a majority equity stake in Parnassus Investments, the largest pure-play ESG-dedicated fund manager in the U.S. Shares of AMG popped 6.9% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/amg-acquire-majority-stake-parnassus-145339283.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMG":"AMG资管"},"source_url":"https://finance.yahoo.com/news/amg-acquire-majority-stake-parnassus-145339283.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2149313903","content_text":"Affiliated Managers Group, Inc. (AMG) inked a deal to acquire a majority equity stake in Parnassus Investments, the largest pure-play ESG-dedicated fund manager in the U.S. Shares of AMG popped 6.9% to close at $166.80 on July 6.\nAMG acts as a partner to independent, active investment management firms globally. As of March 31, 2021, AMG’s assets under management were approximately $738 billion. (See Affiliated Managers Group stock chart on TipRanks)\nThe partnership with Parnassus will bring AMG’s ESG dedicated AUM to approximately $80 billion, and AUM incorporating ESG factors into the investment process to approximately $600 billion.\nFurthermore, key Parnassus leaders Benjamin Allen and Todd Ahlsten will enter into long-term employment agreements with the firm.\nAMG is renowned for allowing full operational and investment autonomy to its affiliates, and Parnassus also will benefit from the same.\nFinancial terms of the deal were not disclosed, though AMG did mention that the deal will be funded with existing corporate resources. The transaction is expected to close in the second half of 2021, subject to certain closing conditions.\nJay C. Horgen, President, and CEO of AMG said, “For nearly four decades, and across numerous market cycles, Parnassus has integrated fundamental financial and ESG research with the goal of achieving attractive risk-adjusted returns for its clients… AMG’s partnership with Parnassus further enhances our strategic participation in ESG investing, one of the fastest-growing segments in the investment industry, and an area of increasingly significant focus for clients globally.”\nThe deal is expected to contribute around $70 million to AMG’s adjusted EBITDA, and $1.30 per share to its Economic earnings in 2022.\nFollowing the news, Barrington analyst Alexander Paris reiterated a Buy rating on the stock and lifted the price target to $190 (13.9% upside potential) from $180.\nParis believes that AMG has “accelerating growth ahead, driven by strong Affiliate performance, organic growth in client cash flows, new Affiliate investments (including that of Parnassus) and share repurchases.”\nThe stock has an overall Moderate Buy consensus rating based on 2 Buys and 4 Holds. The average Affiliated Managers Group price target of $171.50 implies 2.8% upside potential to current levels. Shares have gained 130% over the past year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197209528,"gmtCreate":1621467267464,"gmtModify":1704357944762,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/197209528","repostId":"1126891253","repostType":4,"repost":{"id":"1126891253","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":1621404438,"share":"https://ttm.financial/m/news/1126891253?lang=&edition=fundamental","pubTime":"2021-05-19 14:07","market":"us","language":"en","title":"Oat Milk Company Oatly to IPO -- Here's What Investors Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1126891253","media":"Tiger Newspress","summary":"The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”Oatly confidentially filed for its IPO ba","content":"<p>The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.</p><p>The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”</p><p>Oatly confidentially filed for its IPO back in February, then officiallyset terms of the move last week. According to multiple outlets, Oatly will offer about 84.4 million American depositary shares (ADS) at between $15 and $17 per share. In total, the Oatly IPO could reach a $10.1 billion valuation, and the firm hopes to raise $1.1 billion.</p><p>Additionally, Oatly plans to trade on the Nasdaq exchange under the ticker “OTLY” and had nine lead underwriters for its IPO.</p><p><b>The majority shareholder</b></p><p>Oatly was founded in 1994 by Rickard Oste, a professor of food chemistry and nutrition in Sweden, and his brother Bjorn Oste. Working in Malmo, Sweden, they developed a way of processing a slurry of oats and water with enzymes to produce natural sweetness and a milk-like taste and consistency.</p><p>Oatly’s image benefited from a roster of celebrity investors, including Oprah Winfrey, Natalie Portman, Jay-Z’s Roc Nation company, and Howard Schultz, the former chief executive of Starbucks. All have some connection to the plant-based or healthy living movement.</p><p>The majority shareholder is a partnership between an entity owned by the Chinese government and Verlinvest, a Belgian firm that invests some of the wealth of the families that control the Anheuser-Busch InBev beer empire. Blackstone, the giant private equity firm, owns a little less than 8 percent in Oatly.</p><p>The company’s growth went into overdrive after Verlinvest bought a majority stake in 2016 via a joint venture with China Resources, a state-owned conglomerate with vast holdings in cement, power generation, coal mining, beer, retailing and many other industries. The new financing helped Oatly to expand in Europe and begin exporting to the United States and China, where many people cannot tolerate cow’s milk. China Resources’ involvement undoubtedly helped open doors in the Chinese market. Asia, primarily China, accounted for 18 percent of sales in the first quarter of 2021, and is growing at a rate of 450 percent a year, according to Oatly.</p><p>In Europe, there is growing alarm about Chinese investment in strategic industries like autos, batteries and robotics. The European Commission has begun erecting regulatory barriers to companies with financial links to the Chinese government. But so far no one has expressed fear that China will dominate the world’s supply of oat milk.</p><p>Just in case, Oatly’s prospectus gives it the option of listing in Hong Kong if the foreign ownership becomes a problem in the United States.</p><p><b>The Key Markets</b></p><p>Oat milk is part of a larger trend toward food that mimics animal products. So-called food tech companies like Beyond Meat have raised a little more than $18 billion in venture funding, according to PitchBook, which tracks the industry. Plant-based dairy, which in the United States includes brands like Ripple (made from peas) and Mooala (bananas), raised $640 million last year, more than double the amount raised a year earlier.</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow’s milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that “plant-based everything” will be one of the top 10 U.S. trends for this year.</p><p>Oatly’s key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>Oatly arrived in the U.S. in 2017. The company says it “focused on targeting coffee’s tastemakers, professional baristas at independent coffee shops” as a way to enter the market.”</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p><b>Loss of Warning</b></p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million “reflecting our continued investment in production, brand awareness, new markets and product development,” the prospectus said.</p><p>Oatly is classified as an “emerging growth company,” which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last “several” years and expects operating and capital expenses to rise “substantially.”</p><p>“Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,” the company said in its prospectus.</p><p>“We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.”</p><p><b>The dairy market is highly competitive</b></p><p>Oatly acknowledged in its offering documents that it faces fierce competition, including from “multinational corporations with substantially greater resources and operations than us.”</p><p>That would include British consumer goods maker Unilever, which said last year that it aims to generate revenue of one billion euros, or $1.2 billion, by 2027 from plant-based substitutes for meat and dairy, for example Hellmann’s vegan mayonnaise or Ben &amp; Jerry’s dairy-free ice cream. Unilever has not announced plans for a milk substitute.</p><p>Some industry analysts argue that Oatly’s size gives it an edge over these giants, allowing it to be more innovative than a corporate behemoth. Food start-ups are “younger and faster,” said Patrick Müller-Sarmiento, head of the consumer goods and retail practice at Roland Berger, a German consulting firm.</p><p>The established food giants also have a tougher time than newcomers convincing consumers that they are sincere about saving the planet, an important part of the oat milk sales pitch.</p><p>Mr. Müller-Sarmiento, the former chief executive of Real, a German chain of big box stores, said meat and dairy alternatives are not having trouble competing with Big Food for precious retail shelf space. “Retailers are urgently looking for new products,” he said.</p><p>Time was when Nestlé or Unilever would have simply acquired Oatly, just as they have gobbled up hundreds of other brands. But they would have trouble justifying the audacious $10 billion price that Oatly has set as the benchmark for its stock offering.</p><p>Nestlé’s answer was to develop its own milk substitute, Wunda, which the company unveiled this month and plans to sell initially in France, Portugal and the Netherlands. Made from a variety of yellow peas, Wunda is higher in protein than oat milk. Some nutritionists have said that oat milk and other dairy alternatives are a poor substitute for cow’s milk because they don’t have nearly as much protein.</p><p>Stefan Palzer, the chief technology officer at Nestlé, took issue with those who say a big company can’t move as fast as a bunch of Swedish foodies. A young team at Nestlé developed Wunda in nine months, including three months of market testing in Britain, Mr. Palzer said in an interview.</p><p>Nestlé was able to adapt existing production facilities to make Wunda, rather than building new factories like Oatly must do. The company already had plant scientists who could identify the best kind of pea and food safety experts who could navigate the regulatory approval process, Mr. Palzer said.</p><p>The Wunda developers “could have any expert they wanted to have on the project,” Mr. Palzer said. “That enabled them to move at this speed.”</p><p>Nestlé already has dairy-free versions of Nesquik drinks and Häagen-Dazs ice cream and sells coffee creamers made from a blend of oat and almond milk using the Starbucks brand. The company is in a major push to develop substitutes for almost any kind of animal product. The next frontier: fish. Nestlé has begun selling a tuna substitute called Vuna and is working on scallops.</p><p>“It’s a great opportunity to combine health with sustainability,” Mr. Palzer said of plant-based alternatives to milk and meat. “It’s also a great growth opportunity.”</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>Oat Milk Company Oatly to IPO -- Here's What Investors Need to Know</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\">\nOat Milk Company Oatly to IPO -- Here's What Investors Need to Know\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\">2021-05-19 14:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.</p><p>The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”</p><p>Oatly confidentially filed for its IPO back in February, then officiallyset terms of the move last week. According to multiple outlets, Oatly will offer about 84.4 million American depositary shares (ADS) at between $15 and $17 per share. In total, the Oatly IPO could reach a $10.1 billion valuation, and the firm hopes to raise $1.1 billion.</p><p>Additionally, Oatly plans to trade on the Nasdaq exchange under the ticker “OTLY” and had nine lead underwriters for its IPO.</p><p><b>The majority shareholder</b></p><p>Oatly was founded in 1994 by Rickard Oste, a professor of food chemistry and nutrition in Sweden, and his brother Bjorn Oste. Working in Malmo, Sweden, they developed a way of processing a slurry of oats and water with enzymes to produce natural sweetness and a milk-like taste and consistency.</p><p>Oatly’s image benefited from a roster of celebrity investors, including Oprah Winfrey, Natalie Portman, Jay-Z’s Roc Nation company, and Howard Schultz, the former chief executive of Starbucks. All have some connection to the plant-based or healthy living movement.</p><p>The majority shareholder is a partnership between an entity owned by the Chinese government and Verlinvest, a Belgian firm that invests some of the wealth of the families that control the Anheuser-Busch InBev beer empire. Blackstone, the giant private equity firm, owns a little less than 8 percent in Oatly.</p><p>The company’s growth went into overdrive after Verlinvest bought a majority stake in 2016 via a joint venture with China Resources, a state-owned conglomerate with vast holdings in cement, power generation, coal mining, beer, retailing and many other industries. The new financing helped Oatly to expand in Europe and begin exporting to the United States and China, where many people cannot tolerate cow’s milk. China Resources’ involvement undoubtedly helped open doors in the Chinese market. Asia, primarily China, accounted for 18 percent of sales in the first quarter of 2021, and is growing at a rate of 450 percent a year, according to Oatly.</p><p>In Europe, there is growing alarm about Chinese investment in strategic industries like autos, batteries and robotics. The European Commission has begun erecting regulatory barriers to companies with financial links to the Chinese government. But so far no one has expressed fear that China will dominate the world’s supply of oat milk.</p><p>Just in case, Oatly’s prospectus gives it the option of listing in Hong Kong if the foreign ownership becomes a problem in the United States.</p><p><b>The Key Markets</b></p><p>Oat milk is part of a larger trend toward food that mimics animal products. So-called food tech companies like Beyond Meat have raised a little more than $18 billion in venture funding, according to PitchBook, which tracks the industry. Plant-based dairy, which in the United States includes brands like Ripple (made from peas) and Mooala (bananas), raised $640 million last year, more than double the amount raised a year earlier.</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow’s milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that “plant-based everything” will be one of the top 10 U.S. trends for this year.</p><p>Oatly’s key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>Oatly arrived in the U.S. in 2017. The company says it “focused on targeting coffee’s tastemakers, professional baristas at independent coffee shops” as a way to enter the market.”</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p><b>Loss of Warning</b></p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million “reflecting our continued investment in production, brand awareness, new markets and product development,” the prospectus said.</p><p>Oatly is classified as an “emerging growth company,” which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last “several” years and expects operating and capital expenses to rise “substantially.”</p><p>“Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,” the company said in its prospectus.</p><p>“We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.”</p><p><b>The dairy market is highly competitive</b></p><p>Oatly acknowledged in its offering documents that it faces fierce competition, including from “multinational corporations with substantially greater resources and operations than us.”</p><p>That would include British consumer goods maker Unilever, which said last year that it aims to generate revenue of one billion euros, or $1.2 billion, by 2027 from plant-based substitutes for meat and dairy, for example Hellmann’s vegan mayonnaise or Ben &amp; Jerry’s dairy-free ice cream. Unilever has not announced plans for a milk substitute.</p><p>Some industry analysts argue that Oatly’s size gives it an edge over these giants, allowing it to be more innovative than a corporate behemoth. Food start-ups are “younger and faster,” said Patrick Müller-Sarmiento, head of the consumer goods and retail practice at Roland Berger, a German consulting firm.</p><p>The established food giants also have a tougher time than newcomers convincing consumers that they are sincere about saving the planet, an important part of the oat milk sales pitch.</p><p>Mr. Müller-Sarmiento, the former chief executive of Real, a German chain of big box stores, said meat and dairy alternatives are not having trouble competing with Big Food for precious retail shelf space. “Retailers are urgently looking for new products,” he said.</p><p>Time was when Nestlé or Unilever would have simply acquired Oatly, just as they have gobbled up hundreds of other brands. But they would have trouble justifying the audacious $10 billion price that Oatly has set as the benchmark for its stock offering.</p><p>Nestlé’s answer was to develop its own milk substitute, Wunda, which the company unveiled this month and plans to sell initially in France, Portugal and the Netherlands. Made from a variety of yellow peas, Wunda is higher in protein than oat milk. Some nutritionists have said that oat milk and other dairy alternatives are a poor substitute for cow’s milk because they don’t have nearly as much protein.</p><p>Stefan Palzer, the chief technology officer at Nestlé, took issue with those who say a big company can’t move as fast as a bunch of Swedish foodies. A young team at Nestlé developed Wunda in nine months, including three months of market testing in Britain, Mr. Palzer said in an interview.</p><p>Nestlé was able to adapt existing production facilities to make Wunda, rather than building new factories like Oatly must do. The company already had plant scientists who could identify the best kind of pea and food safety experts who could navigate the regulatory approval process, Mr. Palzer said.</p><p>The Wunda developers “could have any expert they wanted to have on the project,” Mr. Palzer said. “That enabled them to move at this speed.”</p><p>Nestlé already has dairy-free versions of Nesquik drinks and Häagen-Dazs ice cream and sells coffee creamers made from a blend of oat and almond milk using the Starbucks brand. The company is in a major push to develop substitutes for almost any kind of animal product. The next frontier: fish. Nestlé has begun selling a tuna substitute called Vuna and is working on scallops.</p><p>“It’s a great opportunity to combine health with sustainability,” Mr. Palzer said of plant-based alternatives to milk and meat. “It’s also a great growth opportunity.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126891253","content_text":"The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”Oatly confidentially filed for its IPO back in February, then officiallyset terms of the move last week. According to multiple outlets, Oatly will offer about 84.4 million American depositary shares (ADS) at between $15 and $17 per share. In total, the Oatly IPO could reach a $10.1 billion valuation, and the firm hopes to raise $1.1 billion.Additionally, Oatly plans to trade on the Nasdaq exchange under the ticker “OTLY” and had nine lead underwriters for its IPO.The majority shareholderOatly was founded in 1994 by Rickard Oste, a professor of food chemistry and nutrition in Sweden, and his brother Bjorn Oste. Working in Malmo, Sweden, they developed a way of processing a slurry of oats and water with enzymes to produce natural sweetness and a milk-like taste and consistency.Oatly’s image benefited from a roster of celebrity investors, including Oprah Winfrey, Natalie Portman, Jay-Z’s Roc Nation company, and Howard Schultz, the former chief executive of Starbucks. All have some connection to the plant-based or healthy living movement.The majority shareholder is a partnership between an entity owned by the Chinese government and Verlinvest, a Belgian firm that invests some of the wealth of the families that control the Anheuser-Busch InBev beer empire. Blackstone, the giant private equity firm, owns a little less than 8 percent in Oatly.The company’s growth went into overdrive after Verlinvest bought a majority stake in 2016 via a joint venture with China Resources, a state-owned conglomerate with vast holdings in cement, power generation, coal mining, beer, retailing and many other industries. The new financing helped Oatly to expand in Europe and begin exporting to the United States and China, where many people cannot tolerate cow’s milk. China Resources’ involvement undoubtedly helped open doors in the Chinese market. Asia, primarily China, accounted for 18 percent of sales in the first quarter of 2021, and is growing at a rate of 450 percent a year, according to Oatly.In Europe, there is growing alarm about Chinese investment in strategic industries like autos, batteries and robotics. The European Commission has begun erecting regulatory barriers to companies with financial links to the Chinese government. But so far no one has expressed fear that China will dominate the world’s supply of oat milk.Just in case, Oatly’s prospectus gives it the option of listing in Hong Kong if the foreign ownership becomes a problem in the United States.The Key MarketsOat milk is part of a larger trend toward food that mimics animal products. So-called food tech companies like Beyond Meat have raised a little more than $18 billion in venture funding, according to PitchBook, which tracks the industry. Plant-based dairy, which in the United States includes brands like Ripple (made from peas) and Mooala (bananas), raised $640 million last year, more than double the amount raised a year earlier.According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow’s milk reduces greenhouse gas emissions, land use and energy consumption.Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that “plant-based everything” will be one of the top 10 U.S. trends for this year.Oatly’s key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.Oatly arrived in the U.S. in 2017. The company says it “focused on targeting coffee’s tastemakers, professional baristas at independent coffee shops” as a way to enter the market.”By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.Loss of WarningIn 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million “reflecting our continued investment in production, brand awareness, new markets and product development,” the prospectus said.Oatly is classified as an “emerging growth company,” which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.Oatly warns that it has reported losses over the last “several” years and expects operating and capital expenses to rise “substantially.”“Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,” the company said in its prospectus.“We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.”The dairy market is highly competitiveOatly acknowledged in its offering documents that it faces fierce competition, including from “multinational corporations with substantially greater resources and operations than us.”That would include British consumer goods maker Unilever, which said last year that it aims to generate revenue of one billion euros, or $1.2 billion, by 2027 from plant-based substitutes for meat and dairy, for example Hellmann’s vegan mayonnaise or Ben & Jerry’s dairy-free ice cream. Unilever has not announced plans for a milk substitute.Some industry analysts argue that Oatly’s size gives it an edge over these giants, allowing it to be more innovative than a corporate behemoth. Food start-ups are “younger and faster,” said Patrick Müller-Sarmiento, head of the consumer goods and retail practice at Roland Berger, a German consulting firm.The established food giants also have a tougher time than newcomers convincing consumers that they are sincere about saving the planet, an important part of the oat milk sales pitch.Mr. Müller-Sarmiento, the former chief executive of Real, a German chain of big box stores, said meat and dairy alternatives are not having trouble competing with Big Food for precious retail shelf space. “Retailers are urgently looking for new products,” he said.Time was when Nestlé or Unilever would have simply acquired Oatly, just as they have gobbled up hundreds of other brands. But they would have trouble justifying the audacious $10 billion price that Oatly has set as the benchmark for its stock offering.Nestlé’s answer was to develop its own milk substitute, Wunda, which the company unveiled this month and plans to sell initially in France, Portugal and the Netherlands. Made from a variety of yellow peas, Wunda is higher in protein than oat milk. Some nutritionists have said that oat milk and other dairy alternatives are a poor substitute for cow’s milk because they don’t have nearly as much protein.Stefan Palzer, the chief technology officer at Nestlé, took issue with those who say a big company can’t move as fast as a bunch of Swedish foodies. A young team at Nestlé developed Wunda in nine months, including three months of market testing in Britain, Mr. Palzer said in an interview.Nestlé was able to adapt existing production facilities to make Wunda, rather than building new factories like Oatly must do. The company already had plant scientists who could identify the best kind of pea and food safety experts who could navigate the regulatory approval process, Mr. Palzer said.The Wunda developers “could have any expert they wanted to have on the project,” Mr. Palzer said. “That enabled them to move at this speed.”Nestlé already has dairy-free versions of Nesquik drinks and Häagen-Dazs ice cream and sells coffee creamers made from a blend of oat and almond milk using the Starbucks brand. The company is in a major push to develop substitutes for almost any kind of animal product. The next frontier: fish. Nestlé has begun selling a tuna substitute called Vuna and is working on scallops.“It’s a great opportunity to combine health with sustainability,” Mr. Palzer said of plant-based alternatives to milk and meat. “It’s also a great growth opportunity.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574980150965538","authorId":"3574980150965538","name":"ZefactoTrader","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","crmLevel":9,"crmLevelSwitch":1,"idStr":"3574980150965538","authorIdStr":"3574980150965538"},"content":"Like this reply thanks","text":"Like this reply thanks","html":"Like this reply thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195582415,"gmtCreate":1621301954137,"gmtModify":1704355401857,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/195582415","repostId":"2136295438","repostType":4,"repost":{"id":"2136295438","kind":"highlight","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":1621286069,"share":"https://ttm.financial/m/news/2136295438?lang=&edition=fundamental","pubTime":"2021-05-18 05:14","market":"us","language":"en","title":"Wall St ends lower, pulled down by tech stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2136295438","media":"Reuters","summary":"* Discovery down after deal to merge with AT&T's media unit* Indexes down: Dow 0.16%, S&P 0.25%, Nas","content":"<p>* Discovery down after deal to merge with AT&amp;T's media unit</p><p>* Indexes down: Dow 0.16%, S&amp;P 0.25%, Nasdaq 0.38%</p><p>May 17 (Reuters) - Wall Street ended lower on Monday, weighed down by tech shares as signs of growing inflation worried investors about the potential for tighter monetary policy.</p><p>Of the 11 major S&amp;P sectors that declined, technology, utilities    and communication services&nbsp;were the biggest losers, each down between 0.7% and 0.9%.</p><p>\"What is causing the decline, no surprise to anybody, is the worry about inflation and interest rates,\" said Sam Stovall, chief investment strategist at CFRA Research in New York.</p><p>\"As a result that's causing the growth group, in particular technology and consumer discretionary stocks, to experience weakness, while some of the more value-oriented groups are holding up a bit better.\"</p><p>The S&amp;P 500 scored its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day jump in more than a month on Friday as investors picked up beaten-down stocks following a pullback earlier in the week on worries about inflation and a sooner-than-expected tightening by the U.S. Federal Reserve.</p><p>The Dow Jones Industrial Average  fell 56.34 points, or 0.16%, to 34,326.01; the S&amp;P 500    lost 10.56 points, or 0.25%, at 4,163.43; and the Nasdaq Composite    dropped 50.93 points, or 0.38%, to 13,379.05.</p><p>Earnings this week will be scrutinized for clues on whether rising prices had any impact on consumer demand and if retailers can sustain their strong earnings momentum.</p><p>Cryptocurrency-related stocks like Marathon Digital, Riot Blockchain    and Coinbase    fell between 3% and 7% as bitcoin swung in volatile trading after Tesla Inc    boss Elon Musk tweeted about the carmaker's bitcoin holdings.</p><p>With the earnings season at its tail end, overall earnings for S&amp;P 500 companies are expected to have climbed 50.6% from a year ago, according to Refinitiv IBES, the strongest pace in 11 years.</p><p>AT&amp;T Inc, owner of HBO and Warner Bros studios, and Discovery Inc   , home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business. AT&amp;T shares declined 2.69%, while Discovery fell about 5.04%.</p><p>Volume on U.S. exchanges was 9.8 billion shares, compared with the 10.5 billion average over the last 20 trading days.</p><p>On the Nasdaq 100 the largest gainer was Trip.Com Group Ltd, which rose 3.8%, while the largest decliner was Comcast Corp, down 5.5%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 110 new highs and 63 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall St ends lower, pulled down by tech stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St ends lower, pulled down by tech stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-18 05:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Discovery down after deal to merge with AT&amp;T's media unit</p><p>* Indexes down: Dow 0.16%, S&amp;P 0.25%, Nasdaq 0.38%</p><p>May 17 (Reuters) - Wall Street ended lower on Monday, weighed down by tech shares as signs of growing inflation worried investors about the potential for tighter monetary policy.</p><p>Of the 11 major S&amp;P sectors that declined, technology, utilities    and communication services&nbsp;were the biggest losers, each down between 0.7% and 0.9%.</p><p>\"What is causing the decline, no surprise to anybody, is the worry about inflation and interest rates,\" said Sam Stovall, chief investment strategist at CFRA Research in New York.</p><p>\"As a result that's causing the growth group, in particular technology and consumer discretionary stocks, to experience weakness, while some of the more value-oriented groups are holding up a bit better.\"</p><p>The S&amp;P 500 scored its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day jump in more than a month on Friday as investors picked up beaten-down stocks following a pullback earlier in the week on worries about inflation and a sooner-than-expected tightening by the U.S. Federal Reserve.</p><p>The Dow Jones Industrial Average  fell 56.34 points, or 0.16%, to 34,326.01; the S&amp;P 500    lost 10.56 points, or 0.25%, at 4,163.43; and the Nasdaq Composite    dropped 50.93 points, or 0.38%, to 13,379.05.</p><p>Earnings this week will be scrutinized for clues on whether rising prices had any impact on consumer demand and if retailers can sustain their strong earnings momentum.</p><p>Cryptocurrency-related stocks like Marathon Digital, Riot Blockchain    and Coinbase    fell between 3% and 7% as bitcoin swung in volatile trading after Tesla Inc    boss Elon Musk tweeted about the carmaker's bitcoin holdings.</p><p>With the earnings season at its tail end, overall earnings for S&amp;P 500 companies are expected to have climbed 50.6% from a year ago, according to Refinitiv IBES, the strongest pace in 11 years.</p><p>AT&amp;T Inc, owner of HBO and Warner Bros studios, and Discovery Inc   , home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business. AT&amp;T shares declined 2.69%, while Discovery fell about 5.04%.</p><p>Volume on U.S. exchanges was 9.8 billion shares, compared with the 10.5 billion average over the last 20 trading days.</p><p>On the Nasdaq 100 the largest gainer was Trip.Com Group Ltd, which rose 3.8%, while the largest decliner was Comcast Corp, down 5.5%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 110 new highs and 63 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136295438","content_text":"* Discovery down after deal to merge with AT&T's media unit* Indexes down: Dow 0.16%, S&P 0.25%, Nasdaq 0.38%May 17 (Reuters) - Wall Street ended lower on Monday, weighed down by tech shares as signs of growing inflation worried investors about the potential for tighter monetary policy.Of the 11 major S&P sectors that declined, technology, utilities    and communication services were the biggest losers, each down between 0.7% and 0.9%.\"What is causing the decline, no surprise to anybody, is the worry about inflation and interest rates,\" said Sam Stovall, chief investment strategist at CFRA Research in New York.\"As a result that's causing the growth group, in particular technology and consumer discretionary stocks, to experience weakness, while some of the more value-oriented groups are holding up a bit better.\"The S&P 500 scored its biggest one-day jump in more than a month on Friday as investors picked up beaten-down stocks following a pullback earlier in the week on worries about inflation and a sooner-than-expected tightening by the U.S. Federal Reserve.The Dow Jones Industrial Average  fell 56.34 points, or 0.16%, to 34,326.01; the S&P 500    lost 10.56 points, or 0.25%, at 4,163.43; and the Nasdaq Composite    dropped 50.93 points, or 0.38%, to 13,379.05.Earnings this week will be scrutinized for clues on whether rising prices had any impact on consumer demand and if retailers can sustain their strong earnings momentum.Cryptocurrency-related stocks like Marathon Digital, Riot Blockchain    and Coinbase    fell between 3% and 7% as bitcoin swung in volatile trading after Tesla Inc    boss Elon Musk tweeted about the carmaker's bitcoin holdings.With the earnings season at its tail end, overall earnings for S&P 500 companies are expected to have climbed 50.6% from a year ago, according to Refinitiv IBES, the strongest pace in 11 years.AT&T Inc, owner of HBO and Warner Bros studios, and Discovery Inc   , home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business. AT&T shares declined 2.69%, while Discovery fell about 5.04%.Volume on U.S. exchanges was 9.8 billion shares, compared with the 10.5 billion average over the last 20 trading days.On the Nasdaq 100 the largest gainer was Trip.Com Group Ltd, which rose 3.8%, while the largest decliner was Comcast Corp, down 5.5%.Advancing issues outnumbered decliners on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.The S&P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 110 new highs and 63 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045081430,"gmtCreate":1656546158220,"gmtModify":1676535848944,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/UXIN\">$Uxin(UXIN)$</a>Hopeless&nbsp;","listText":"<a href=\"https://ttm.financial/S/UXIN\">$Uxin(UXIN)$</a>Hopeless&nbsp;","text":"$Uxin(UXIN)$Hopeless","images":[{"img":"https://community-static.tradeup.com/news/791779ee8e754ea82876e6c445d302cc","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045081430","isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831563069,"gmtCreate":1629335526951,"gmtModify":1676530005798,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>Deep red&nbsp;","listText":"<a href=\"https://laohu8.com/S/MZH.SI\">$Nanofilm(MZH.SI)$</a>Deep red&nbsp;","text":"$Nanofilm(MZH.SI)$Deep red","images":[{"img":"https://static.tigerbbs.com/78465a815cabecaa19ee8183b594f986","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/831563069","isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":808531274,"gmtCreate":1627601038198,"gmtModify":1703492998543,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UXIN\">$Uxin(UXIN)$</a>Maybe earning results is solid&nbsp;","listText":"<a href=\"https://laohu8.com/S/UXIN\">$Uxin(UXIN)$</a>Maybe earning results is solid&nbsp;","text":"$Uxin(UXIN)$Maybe earning results is solid","images":[{"img":"https://static.tigerbbs.com/894ba3dabd653957299a188edb81fb20","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/808531274","isVote":1,"tweetType":1,"viewCount":717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9992786070,"gmtCreate":1661381036493,"gmtModify":1676536505256,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a><v-v data-views=\"0\"></v-v>Selling","listText":"<a href=\"https://ttm.financial/S/AIY.SI\">$IFAST CORPORATION LTD.(AIY.SI)$</a><v-v data-views=\"0\"></v-v>Selling","text":"$IFAST CORPORATION LTD.(AIY.SI)$Selling","images":[{"img":"https://community-static.tradeup.com/news/fac2bb099fc49503f911aa917b846204","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992786070","isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}