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Mich77

Mich77

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2022-06-22

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Sea Limited: E-Commerce Leader Of The Developing World

2022-03-03

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American Eagle Earnings in for a Hit from Hefty Freight Costs

2022-01-23

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Here's Why SoFi's Long-Awaited Bank Charter Will Make the Business Better

2022-09-21

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Costco Gears Up for This Week's Earnings

2022-06-10

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Stitch Fix Stock Sinks 16% toward All-Time Low as Revenue and Users Fall, Layoffs Confirmed

2022-06-07

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Australia Household Sentiment Slumps to Lowest Since August 2020

2022-01-22

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US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide

2022-07-12

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GameStop Launches NFT Platform Amid Broader Company Shakeup

2022-01-25

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Wall Street Reverses, Ends Higher in Late Session Rally

2022-08-23

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TSLA Stock Falls as Tesla Hikes FSD Prices

2022-06-18

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ASX Weekly Review: Worst Week in Two Years Sets the Scene for a Bear Market

2022-04-13

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Is GameStop Stock Prepping for Another Massive Short Squeeze?

2022-03-09

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ASX Today: Wall Street Sinks as Biden Bans Russian oil

2022-01-31

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5 Best Investment Strategies For A Volatile Market

2022-10-22

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SGX Weekly Review: Tesla, Sembcorp Industries and UOB Asset Management

2022-10-31

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Rate Squeeze Punishes Once-Triumphant Tech Stocks

2022-08-26

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SPY: The World Of 4,818 Faces An Uncertain Future

2022-07-09

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Nvidia: Time To Buy The King Of Data Centers

2022-06-23

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Crude Oil Futures Plunge $3/B As Sentiment Remains Bearish

2022-06-13

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Recession? No, It's a Booming Economy

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Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","listText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","text":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! 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Following a year with minimal pullbacks in 2021, last year featured a bear market for all three major U.S. stock indexes.</p><p>But amid this carnage, it&#39;s the ageless <b>Dow Jones Industrial Average</b> that&#39;s stood tall. Although the Dow Jones shed 9% of its value last year, this was markedly better than the benchmark <b>S&amp;P 500</b> or tech-focused <b>Nasdaq Composite</b>, which respectively lost 19% and 33%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/23a0572cb53c5bb81c984785fa175e03\" tg-width=\"700\" tg-height=\"484\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><p>Investors tend to gravitate to the Dow during periods of volatility and uncertainty because it&#39;s comprised of 30 generally profitable, time-tested, and multinational businesses. While most Dow stocks are no longer fast-growing companies, they&#39;ve demonstrated to Wall Street that they can navigate bear markets and/or economic downturns with relative ease. This makes Dow stocks something of a safe-haven investment during a bear market.</p><p>More importantly, investors can still find incredible deals hiding in plain sight within the Dow Jones Industrial Average. What follows are three Dow stocks that are nothing short of screaming buys in March.</p><h2>Johnson &amp; Johnson</h2><p>The first Dow Jones stock that&#39;s begging to be bought in March is healthcare conglomerate <b>Johnson &amp; Johnson</b>. Although legal damages tied to its talc-based baby powder are a short-term overhang for the company, J&amp;J (as Johnson &amp; Johnson is more commonly known) has all the tools and intangibles to deliver for patient investors.</p><p>For starters, healthcare stocks are mostly safeguarded against economic downturns. While it would be convenient if we had the luxury of simply not becoming ill during recessions and bear markets, we don&#39;t get that choice. People will always require prescription drugs, medical devices, and a variety of healthcare services, no matter how well or poorly the U.S. economy is performing.</p><p>On a company-specific level, it&#39;s Johnson &amp; Johnson&#39;s revenue mix that makes it special. For more than a decade, it&#39;s been shifting more of its total sales to pharmaceuticals. Brand-name drugs sport high margins and better near-term growth prospects.</p><p>The downside to generating more than half of its net sales from brand-name pharmaceuticals is that brand-name drugs have a finite period of sales exclusivity. To avoid the perils of patent cliffs, J&amp;J is constantly reinvesting in novel research, collaborating with other drug developers, and making acquisitions to expand its pipeline and product portfolio.</p><p>Additionally, Johnson &amp; Johnson can unlock value with its other operating segments. Its medical technologies division is a global leader that&#39;s well-positioned to take advantage of an aging population. Meanwhile, J&amp;J&#39;s coming spinoff of its consumer health products segment (to be known as Kenvue) can help unlock value for shareholders and make the company&#39;s operating results a bit easier for investors to wrap their hands around.</p><p>Another reason to gobble up shares of J&amp;J is its consistency. It&#39;s had just eight CEOs since being founded 137 years ago, has raised its base annual dividend for 60 consecutive years, and is one of only two public companies with Standard &amp; Poor&#39;s highest credit rating (AAA) -- Standard &amp; Poor&#39;s is a division of <b>S&amp;P Global</b>.</p><p>Best of all, Johnson &amp; Johnson is cheaper now -- 14 times forward-year earnings -- than at any point over the past decade, based on Wall Street&#39;s earnings consensus.</p><h2>Verizon Communications</h2><p>The second Dow Jones industrial Average component that&#39;s a screaming buy in March is telecom stock <b>Verizon Communications</b>.</p><p>Telecom stocks were a forgotten industry for much of the past decade. With interest rates at or near historic lows, investors favored high-growth companies. But when the you-know-what hits the fan, it&#39;s the operating cash-flow consistency of telecom stocks that tends to come out smelling like a rose.</p><p>Similar to healthcare stocks, telecom companies are highly defensive. Over multiple decades, wireless/broadband access and owning a smartphone have become basic-necessity goods and services that consumers and businesses simply aren&#39;t willing to give up. Even when the U.S. economy and/or stock market weaken, churn rates for Verizon remain near historic lows.</p><p>If there&#39;s a prevailing catalyst for Verizon this decade, it&#39;s the ongoing rollout of 5G. After a decade of 4G LTE download speeds, Verizon and its peers are spending big on 5G infrastructure upgrades. While these improvements won&#39;t be completed overnight, they provide a catalyst for consumers and businesses to steadily upgrade their wireless devices now and in the coming years. In other words, it&#39;s a recipe for increased data consumption, which is where Verizon generates some of its best operating margins.</p><p>However, the story investors might be overlooking with Verizon is the recent surge in broadband net additions. The 416,000 broadband net additions during the fourth quarter represents its fastest growth in more than a decade, and it follows hefty investments in mid-band spectrum in 2021.</p><p>While broadband isn&#39;t the growth story it was 20 years ago, it&#39;s still capable of providing predictable cash flow. More importantly, it&#39;s a service that can be used as a hook for bundling, which can improve customer loyalty and operating margin.</p><p>If you need one more good reason to trust in Verizon, consider this: It&#39;s parsing out a dividend yield that&#39;s nearing 7%. That&#39;s a little higher than the trailing-12-month rate of inflation in the United States.</p><p>With shares of Verizon trading at just 8 times Wall Street&#39;s forecast earnings for 2023 and 2024, there looks to be reasonable upside with a safe floor.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b61537db1169d0afe174d623ef2304f0\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a></h2><p>The third Dow stock that&#39;s a screaming buy in March is pharmacy chain <b>Walgreens Boots Alliance</b>.</p><p>Walgreens is an interesting case in that it was a rare exception to the rule I described earlier with healthcare stocks. Since it&#39;s heavily reliant on foot traffic into its physical stores, lockdowns during the COVID-19 pandemic ravaged its sales and profits -- at least for a short time. The good news for investors is that these speed bumps have created one heck of a buying opportunity.</p><p>For years, Walgreens Boots Alliance has been implementing a variety of strategic initiatives designed to improve its operating efficiency, lift its organic growth, and entice repeat visits. The company&#39;s operating results show it&#39;s hitting the mark in all three areas.</p><p>As you might imagine, improving the company&#39;s operating efficiency does involve some cost-cutting. Walgreens slashed more than $2 billion in annual operating expenses, a full year ahead of schedule. But cost-cutting can only move the needle so far.</p><p>What&#39;s far more exciting is what&#39;s happening on the digitization front and with its healthcare-services shift. In terms of the former, Walgreens has invested aggressively in initiatives designed to encourage online ordering, as well as make its supply chains more efficient. Even though its brick-and-mortar locations continue to generate most of its revenue, digital sales have the potential to sustain double-digit growth for the foreseeable future.</p><p>As for its healthcare-services shift, Walgreens and VillageMD (Walgreens is a majority stakeholder in VillageMD) have opened 200 full-service health clinics that are co-located at Walgreens&#39; stores.  Whereas competing health clinics are often limited to administering vaccines, Walgreens/VillageMD have physician-staffed clinics designed to drive repeat visits. By the end of 2027, the goal is to have 1,000 of these clinics open in over 30 U.S. markets.</p><p>Sporting a dividend yield above 5% and a forward-year price-to-earnings ratio below 8, Walgreens stock offers an extremely favorable risk-versus-reward for patient investors.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Dow Stocks That Are Screaming Buys in March</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 Dow Stocks That Are Screaming Buys in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-08 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/07/3-dow-stocks-that-are-screaming-buys-in-march/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The past 14 months have been challenging for investors. Following a year with minimal pullbacks in 2021, last year featured a bear market for all three major U.S. stock indexes.But amid this carnage, ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/07/3-dow-stocks-that-are-screaming-buys-in-march/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU1057294990.SGD":"Blackrock World Healthscience A2 SGD-H","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","BK4532":"文艺复兴科技持仓","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0882574055.USD":"富达全球健康医疗A ACC","VZ":"威瑞森","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","JNJ":"强生","LU1032466523.USD":"高盛全球多资产收益组合Acc","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","WBA":"沃尔格林联合博姿","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4007":"制药","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0122379950.USD":"贝莱德世界健康科学A2","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","BK4559":"巴菲特持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4568":"美国抗疫概念","LU1023059063.AUD":"BGF WORLD HEALTHSCIENCE \"A2\" (AUDHDG) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0114720955.EUR":"SUSTAINABLE GLOBAL HEALTH CARE \"A\" INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC"},"source_url":"https://www.fool.com/investing/2023/03/07/3-dow-stocks-that-are-screaming-buys-in-march/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2317465973","content_text":"The past 14 months have been challenging for investors. Following a year with minimal pullbacks in 2021, last year featured a bear market for all three major U.S. stock indexes.But amid this carnage, it's the ageless Dow Jones Industrial Average that's stood tall. Although the Dow Jones shed 9% of its value last year, this was markedly better than the benchmark S&P 500 or tech-focused Nasdaq Composite, which respectively lost 19% and 33%.Image source: Getty Images.Investors tend to gravitate to the Dow during periods of volatility and uncertainty because it's comprised of 30 generally profitable, time-tested, and multinational businesses. While most Dow stocks are no longer fast-growing companies, they've demonstrated to Wall Street that they can navigate bear markets and/or economic downturns with relative ease. This makes Dow stocks something of a safe-haven investment during a bear market.More importantly, investors can still find incredible deals hiding in plain sight within the Dow Jones Industrial Average. What follows are three Dow stocks that are nothing short of screaming buys in March.Johnson & JohnsonThe first Dow Jones stock that's begging to be bought in March is healthcare conglomerate Johnson & Johnson. Although legal damages tied to its talc-based baby powder are a short-term overhang for the company, J&J (as Johnson & Johnson is more commonly known) has all the tools and intangibles to deliver for patient investors.For starters, healthcare stocks are mostly safeguarded against economic downturns. While it would be convenient if we had the luxury of simply not becoming ill during recessions and bear markets, we don't get that choice. People will always require prescription drugs, medical devices, and a variety of healthcare services, no matter how well or poorly the U.S. economy is performing.On a company-specific level, it's Johnson & Johnson's revenue mix that makes it special. For more than a decade, it's been shifting more of its total sales to pharmaceuticals. Brand-name drugs sport high margins and better near-term growth prospects.The downside to generating more than half of its net sales from brand-name pharmaceuticals is that brand-name drugs have a finite period of sales exclusivity. To avoid the perils of patent cliffs, J&J is constantly reinvesting in novel research, collaborating with other drug developers, and making acquisitions to expand its pipeline and product portfolio.Additionally, Johnson & Johnson can unlock value with its other operating segments. Its medical technologies division is a global leader that's well-positioned to take advantage of an aging population. Meanwhile, J&J's coming spinoff of its consumer health products segment (to be known as Kenvue) can help unlock value for shareholders and make the company's operating results a bit easier for investors to wrap their hands around.Another reason to gobble up shares of J&J is its consistency. It's had just eight CEOs since being founded 137 years ago, has raised its base annual dividend for 60 consecutive years, and is one of only two public companies with Standard & Poor's highest credit rating (AAA) -- Standard & Poor's is a division of S&P Global.Best of all, Johnson & Johnson is cheaper now -- 14 times forward-year earnings -- than at any point over the past decade, based on Wall Street's earnings consensus.Verizon CommunicationsThe second Dow Jones industrial Average component that's a screaming buy in March is telecom stock Verizon Communications.Telecom stocks were a forgotten industry for much of the past decade. With interest rates at or near historic lows, investors favored high-growth companies. But when the you-know-what hits the fan, it's the operating cash-flow consistency of telecom stocks that tends to come out smelling like a rose.Similar to healthcare stocks, telecom companies are highly defensive. Over multiple decades, wireless/broadband access and owning a smartphone have become basic-necessity goods and services that consumers and businesses simply aren't willing to give up. Even when the U.S. economy and/or stock market weaken, churn rates for Verizon remain near historic lows.If there's a prevailing catalyst for Verizon this decade, it's the ongoing rollout of 5G. After a decade of 4G LTE download speeds, Verizon and its peers are spending big on 5G infrastructure upgrades. While these improvements won't be completed overnight, they provide a catalyst for consumers and businesses to steadily upgrade their wireless devices now and in the coming years. In other words, it's a recipe for increased data consumption, which is where Verizon generates some of its best operating margins.However, the story investors might be overlooking with Verizon is the recent surge in broadband net additions. The 416,000 broadband net additions during the fourth quarter represents its fastest growth in more than a decade, and it follows hefty investments in mid-band spectrum in 2021.While broadband isn't the growth story it was 20 years ago, it's still capable of providing predictable cash flow. More importantly, it's a service that can be used as a hook for bundling, which can improve customer loyalty and operating margin.If you need one more good reason to trust in Verizon, consider this: It's parsing out a dividend yield that's nearing 7%. That's a little higher than the trailing-12-month rate of inflation in the United States.With shares of Verizon trading at just 8 times Wall Street's forecast earnings for 2023 and 2024, there looks to be reasonable upside with a safe floor.Image source: Getty Images.Walgreens Boots AllianceThe third Dow stock that's a screaming buy in March is pharmacy chain Walgreens Boots Alliance.Walgreens is an interesting case in that it was a rare exception to the rule I described earlier with healthcare stocks. Since it's heavily reliant on foot traffic into its physical stores, lockdowns during the COVID-19 pandemic ravaged its sales and profits -- at least for a short time. The good news for investors is that these speed bumps have created one heck of a buying opportunity.For years, Walgreens Boots Alliance has been implementing a variety of strategic initiatives designed to improve its operating efficiency, lift its organic growth, and entice repeat visits. The company's operating results show it's hitting the mark in all three areas.As you might imagine, improving the company's operating efficiency does involve some cost-cutting. Walgreens slashed more than $2 billion in annual operating expenses, a full year ahead of schedule. But cost-cutting can only move the needle so far.What's far more exciting is what's happening on the digitization front and with its healthcare-services shift. In terms of the former, Walgreens has invested aggressively in initiatives designed to encourage online ordering, as well as make its supply chains more efficient. Even though its brick-and-mortar locations continue to generate most of its revenue, digital sales have the potential to sustain double-digit growth for the foreseeable future.As for its healthcare-services shift, Walgreens and VillageMD (Walgreens is a majority stakeholder in VillageMD) have opened 200 full-service health clinics that are co-located at Walgreens' stores.  Whereas competing health clinics are often limited to administering vaccines, Walgreens/VillageMD have physician-staffed clinics designed to drive repeat visits. By the end of 2027, the goal is to have 1,000 of these clinics open in over 30 U.S. markets.Sporting a dividend yield above 5% and a forward-year price-to-earnings ratio below 8, Walgreens stock offers an extremely favorable risk-versus-reward for patient investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940007463,"gmtCreate":1677582781753,"gmtModify":1677582785510,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"Tiger Shares to the moon","listText":"Tiger Shares to the moon","text":"Tiger Shares to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940007463","isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940007677,"gmtCreate":1677582406700,"gmtModify":1677582410473,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940007677","repostId":"9957161300","repostType":1,"repost":{"id":9957161300,"gmtCreate":1677107764901,"gmtModify":1677107772687,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"themes":[],"title":"🌟🌟🌟My Favourite Singapore Consumer Defensive Stock🌟🌟🌟","htmlText":"🌈🌈🌈My&nbsp; Favourite Singapore Consumer Defensive Stock is&nbsp;<a href=\"https://ttm.financial/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$ &nbsp;</a>&nbsp;With high inflation here, Sheng Siong&nbsp;&nbsp;will be resilient and impervious to economic cycles. Sheng Siong is the 3rd largest supermarket chain in Singapore with more than 65 locations and 4&nbsp;supermarkets in China with the 5th opening in 2nd quarter&nbsp;2023.&nbsp; &nbsp;Sheng Siong represents value for money to many Singaporeans especially the housewives.&nbsp; Sheng Siong's gross profit margin was 29.4% for 3Q FY 2022 compared to 29% in&nbsp; 3Q FY 2021.&nbsp; Its revenue declined by 4.2% year on year to SGD 333.5 million due to the Covid 19 measures in place&nbsp;and the closure of Jurong Fishery Port for 2 weeks in July 20","listText":"🌈🌈🌈My&nbsp; Favourite Singapore Consumer Defensive Stock is&nbsp;<a href=\"https://ttm.financial/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$ &nbsp;</a>&nbsp;With high inflation here, Sheng Siong&nbsp;&nbsp;will be resilient and impervious to economic cycles. Sheng Siong is the 3rd largest supermarket chain in Singapore with more than 65 locations and 4&nbsp;supermarkets in China with the 5th opening in 2nd quarter&nbsp;2023.&nbsp; &nbsp;Sheng Siong represents value for money to many Singaporeans especially the housewives.&nbsp; Sheng Siong's gross profit margin was 29.4% for 3Q FY 2022 compared to 29% in&nbsp; 3Q FY 2021.&nbsp; Its revenue declined by 4.2% year on year to SGD 333.5 million due to the Covid 19 measures in place&nbsp;and the closure of Jurong Fishery Port for 2 weeks in July 20","text":"🌈🌈🌈My Favourite Singapore Consumer Defensive Stock is $SHENG SIONG GROUP LTD(OV8.SI)$ With high inflation here, Sheng Siong will be resilient and impervious to economic cycles. Sheng Siong is the 3rd largest supermarket chain in Singapore with more than 65 locations and 4 supermarkets in China with the 5th opening in 2nd quarter 2023. Sheng Siong represents value for money to many Singaporeans especially the housewives. Sheng Siong's gross profit margin was 29.4% for 3Q FY 2022 compared to 29% in 3Q FY 2021. Its revenue declined by 4.2% year on year to SGD 333.5 million due to the Covid 19 measures in place and the closure of Jurong Fishery Port for 2 weeks in July 20","images":[{"img":"https://community-static.tradeup.com/news/2c419a8cdb4d4f8ec276838780f320ab","width":"1080","height":"2340"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957161300","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940007879,"gmtCreate":1677582397091,"gmtModify":1677582400520,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940007879","repostId":"9957196701","repostType":1,"repost":{"id":9957196701,"gmtCreate":1677066755204,"gmtModify":1677068722686,"author":{"id":"4106547232749330","authorId":"4106547232749330","name":"Tiger_SG","avatar":"https://community-static.tradeup.com/news/9eb57a835b72d997d1941fb6605d80a4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106547232749330","authorIdStr":"4106547232749330"},"themes":[],"title":"[Reward]Share One SGX Stock that could Benefit from China's Outbound Tourism","htmlText":"Previously, the Singapore Tourism Board stated that with the increase in the number of flights and China's resumption of outbound tourism, the recovery of Singapore's tourism industry will accelerate.\"It is expected that the number of international tourists visiting Singapore will reach 12 million to 14 million in 2023, returning to 75% before the epidemic In 2019, the number of inbound tourists from Singapore totaled 19.12 million.”According to recent data provided by China Aviation Travel, since the restart of the outbound and group tour pilot program on February 6, 2022, the number of inbound and outbound civil aviation passengers of China’s domestic airlines has exceeded 276,000, an increase of nearly 4.4 times compared with the same period last year. Shanghai, Guangzhou, Beijing, Xiam","listText":"Previously, the Singapore Tourism Board stated that with the increase in the number of flights and China's resumption of outbound tourism, the recovery of Singapore's tourism industry will accelerate.\"It is expected that the number of international tourists visiting Singapore will reach 12 million to 14 million in 2023, returning to 75% before the epidemic In 2019, the number of inbound tourists from Singapore totaled 19.12 million.”According to recent data provided by China Aviation Travel, since the restart of the outbound and group tour pilot program on February 6, 2022, the number of inbound and outbound civil aviation passengers of China’s domestic airlines has exceeded 276,000, an increase of nearly 4.4 times compared with the same period last year. Shanghai, Guangzhou, Beijing, Xiam","text":"Previously, the Singapore Tourism Board stated that with the increase in the number of flights and China's resumption of outbound tourism, the recovery of Singapore's tourism industry will accelerate.\"It is expected that the number of international tourists visiting Singapore will reach 12 million to 14 million in 2023, returning to 75% before the epidemic In 2019, the number of inbound tourists from Singapore totaled 19.12 million.”According to recent data provided by China Aviation Travel, since the restart of the outbound and group tour pilot program on February 6, 2022, the number of inbound and outbound civil aviation passengers of China’s domestic airlines has exceeded 276,000, an increase of nearly 4.4 times compared with the same period last year. Shanghai, Guangzhou, Beijing, Xiam","images":[{"img":"https://community-static.tradeup.com/news/723b6ea50a4a9e8ccaa94d24010b34e0","width":"1000","height":"666"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957196701","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940007190,"gmtCreate":1677582385011,"gmtModify":1677582388387,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940007190","repostId":"9957651175","repostType":1,"repost":{"id":9957651175,"gmtCreate":1677232482197,"gmtModify":1677232780291,"author":{"id":"3527667618821228","authorId":"3527667618821228","name":"MillionaireTiger","avatar":"https://static.tigerbbs.com/dc558bf32e48ad6ed6d057026ef55af7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667618821228","authorIdStr":"3527667618821228"},"themes":[],"title":"Rolls-Royce Share Soars 23%: The Truth about the Aviation Industry","htmlText":"Rolls-Royce shares soar 23% after annual results beat expectations. Once the headline came out, people who can afford or cannot afford Rolls-Royce were shocked. In fact, Rolls-Royce's main business is aero-engines, now Rolls-Royce's car trademark already belongs to <a href=\"https://ttm.financial/S/BMWYY\">$Bayerische Motoren Werke AG(BMWYY)$</a>.&nbsp;The jewel in the crown of the industry: the engine that saved BritainIn 1906, two engineers set up a company in Manchester, England, with the aim of building automobiles.Later, in response to national demand, the company became involved in the aero-engine business, producing the Eagle engine that was used extensively in World War I Allied aircraft.By the end of the 1920s, aero engines had become the company's main business, and Hurricane and S","listText":"Rolls-Royce shares soar 23% after annual results beat expectations. Once the headline came out, people who can afford or cannot afford Rolls-Royce were shocked. In fact, Rolls-Royce's main business is aero-engines, now Rolls-Royce's car trademark already belongs to <a href=\"https://ttm.financial/S/BMWYY\">$Bayerische Motoren Werke AG(BMWYY)$</a>.&nbsp;The jewel in the crown of the industry: the engine that saved BritainIn 1906, two engineers set up a company in Manchester, England, with the aim of building automobiles.Later, in response to national demand, the company became involved in the aero-engine business, producing the Eagle engine that was used extensively in World War I Allied aircraft.By the end of the 1920s, aero engines had become the company's main business, and Hurricane and S","text":"Rolls-Royce shares soar 23% after annual results beat expectations. Once the headline came out, people who can afford or cannot afford Rolls-Royce were shocked. In fact, Rolls-Royce's main business is aero-engines, now Rolls-Royce's car trademark already belongs to $Bayerische Motoren Werke AG(BMWYY)$. The jewel in the crown of the industry: the engine that saved BritainIn 1906, two engineers set up a company in Manchester, England, with the aim of building automobiles.Later, in response to national demand, the company became involved in the aero-engine business, producing the Eagle engine that was used extensively in World War I Allied aircraft.By the end of the 1920s, aero engines had become the company's main business, and Hurricane and S","images":[{"img":"https://community-static.tradeup.com/news/2fa460c8625eabe5cb3fee0a9209759b","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/bc089a237f538215de1cc13520175c8c","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/6dbb44078d8c01cc5d4eec5807ed24e4","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957651175","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957687505,"gmtCreate":1677220431508,"gmtModify":1677220433855,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"nice&nbsp;","listText":"nice&nbsp;","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957687505","repostId":"9957682451","repostType":1,"repost":{"id":9957682451,"gmtCreate":1677218915573,"gmtModify":1677220104702,"author":{"id":"10000000000010725","authorId":"10000000000010725","name":"SpicyTrade","avatar":"https://community-static.tradeup.com/news/8625e39315faf7fe99c5d50b5dab2fe6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010725","authorIdStr":"10000000000010725"},"themes":[],"htmlText":"\n \n \n  UAL ( $UAL ) stock analysis\n \n","listText":"UAL ( $UAL ) stock analysis","text":"UAL ( $UAL ) stock analysis","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957682451","isVote":1,"tweetType":2,"object":{"id":"62b1552c9400471fa95b0b09e32d356d","tweetId":"9957682451","title":"UAL ( $UAL ) stock analysis","videoUrl":"http://v.tigerbbs.com/16772189097937779b9d99c4ea138bc5523111a23aeb2.mp4","poster":"https://static.tigerbbs.com/bb8635205c9cdff4e1a4d386133f3875","shareLink":"http://v.tigerbbs.com/16772189097937779b9d99c4ea138bc5523111a23aeb2.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9043372791,"gmtCreate":1655880834413,"gmtModify":1676535724899,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043372791","repostId":"1100434932","repostType":4,"repost":{"id":"1100434932","pubTimestamp":1655880308,"share":"https://ttm.financial/m/news/1100434932?lang=&edition=fundamental","pubTime":"2022-06-22 14:45","market":"us","language":"en","title":"Sea Limited: E-Commerce Leader Of The Developing World","url":"https://stock-news.laohu8.com/highlight/detail?id=1100434932","media":"Seeking Alpha","summary":"SummaryAs the e-commerce leader in Southeast Asia (63% of revenue), we forecasted Sea Limited's e-co","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>As the e-commerce leader in Southeast Asia (63% of revenue), we forecasted Sea Limited&#39;s e-commerce revenue in the region to grow by 43.4% in 2022 with a 5-year average of 35.4%.</li><li>Furthermore, as it expands into LATAM, we believe the region could be important to its growth with an estimated GMV opportunity of $48 bln by 2025.</li><li>Finally, we believe its FinTech segment could leverage on the opportunity in South East Asia and estimated its market to reach $22.2 bln by 2025 at a CAGR of 162%.</li></ul><p>As the largest internet retailer in Southeast Asia, we analyzed Sea Limited&#39;s (NYSE:SE) competitive positioning as the leading e-commerce retailer in the region. We also examined its e-commerce expansion into LATAM, in which it has already secured a leading position.</p><p><img src=\"https://static.tigerbbs.com/e85c1dc2bf5549b24149abd7793978b6\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p><b>Sea, Khaveen Investments</b></p><p>While 51.5% of its revenue is derived from Internet Retail, Sea also derives 43.4% of its revenue from gaming revenues under its Digital Entertainment Segment. Looking further into this segment, we believe this segment’s revenue is highly dependent on its only in-house developed game, Free Fire.</p><p>We also noticed the company&#39;s significant initiatives in the Fintech Industry, which we believe could be a major driver of the company’s growth moving forward. To determine its potential market share gain in this market, we looked at other companies that deployed similar business model mixes of Internet Retail and Fintech, such as Alibaba (BABA, BABAF) and MercadoLibre (MELI).</p><p><b>E-Commerce Leader of the Developing World</b></p><p><img src=\"https://static.tigerbbs.com/d015600a3f8edb6aee51866cff5e6d44\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p><b>Sea, Khaveen Investments</b></p><p>With 63.45% of the company’s total revenue derived from Southeast Asia, we believed the company would hold a dominant position in this region. To determine Shopee&#39;s (Sea Limited) competitive positioning in Southeast Asia, we looked into monthly web visits of more than 49 e-commerce platforms across this region from iPrice. We calculated their market share from Q1 2019 to Q4 2021 across the top 6 countries in Southeast Asia by GDP (Indonesia, Thailand, Vietnam, Philippines, Singapore and Malaysia). To determine the growth prospects of the market, we also compiled data on the size, and historical 5-year and forward 4-year CAGR of the Internet Retail industry (in terms of the Internet Retail transaction volumes from Statista).</p><p><img src=\"https://static.tigerbbs.com/d80dfc76c2c05b40ececeb22ed7eb228\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>iPrice, Khaveen Investments</p><p>Based on the chart above, Shopee’s market share has increased significantly in all 6 markets from Q1 2019 to Q4 2021. In Vietnam, they strengthened their No. 1 position against Lazada in Q1 2019. In Thailand, Malaysia, the Philippines, and Singapore, Shopee grew from the No. 2 Position to unseat Lazada from the No. 1 position. Even in Indonesia, where Tokopedia remains at No. 1, Shopee has closed the gap considerably to Tokopedia, with their market share more than doubling from 15.82% to 34.27%. Although Tokopedia also gained market share, Shopee now remains just 4.61% market share points behind Tokopedia. Additionally, Shopee has more than 50% market share in Thailand, Malaysia and the Philippines. As Tokopedia is not even in the Top 3 positions in any country outside Indonesia, we see Shopee as the undisputed e-commerce leader in Southeast Asia.</p><p>In 2021, Indonesia was the largest market with $53 bln (more than twice the size of 2ndplace Thailand) in transaction volumes fueled by its historical CAGR of 74.1% which has been the highest among the 6 countries. Surprisingly, Sea Limited, a Singaporean company, only has a 40.46% market share which is the second-lowest in terms of market share. Singapore also has the smallest transaction volume of $7.1 bln, which is 13.40% of Indonesia’s transaction volume. We tabulated the results of each country&#39;s transaction volume per GDP as below:</p><table><tbody><tr><td><p><b>Geographic Region</b></p></td><td><p><b>2021 Shopee Market Share</b></p></td><td><p><b>2021 Market Sales Volume ($ bln)</b></p></td><td><p><b>2021 Shopee Sales Volume ($ bln)</b></p></td><td><p><b>Share of Total Volume</b></p></td><td><p><b>2020 GDP ($bln)</b></p></td><td><p><b>Sales Volume/GDP</b></p></td><td><p><b>GDP Growth % (2022F)</b></p></td></tr><tr><td><p>Indonesia</p></td><td><p>38.88%</p></td><td><p>53</p></td><td><p>20.6</p></td><td><p>37.4%</p></td><td><p>1,058</p></td><td><p>5.0%</p></td><td><p>5.4%</p></td></tr><tr><td><p>Vietnam</p></td><td><p>32.33%</p></td><td><p>13</p></td><td><p>4.2</p></td><td><p>7.6%</p></td><td><p>271</p></td><td><p>4.8%</p></td><td><p>6.0%</p></td></tr><tr><td><p>Thailand</p></td><td><p>50.57%</p></td><td><p>21</p></td><td><p>10.6</p></td><td><p>19.3%</p></td><td><p>502</p></td><td><p>4.2%</p></td><td><p>3.3%</p></td></tr><tr><td><p>Philippines</p></td><td><p>62.38%</p></td><td><p>12</p></td><td><p>7.5</p></td><td><p>13.6%</p></td><td><p>361</p></td><td><p>3.3%</p></td><td><p>6.5%</p></td></tr><tr><td><p>Malaysia</p></td><td><p>66.44%</p></td><td><p>14</p></td><td><p>9.3</p></td><td><p>16.9%</p></td><td><p>337</p></td><td><p>4.2%</p></td><td><p>5.6%</p></td></tr><tr><td><p>Singapore</p></td><td><p>40.46%</p></td><td><p>7.1</p></td><td><p>2.9</p></td><td><p>5.2%</p></td><td><p>340</p></td><td><p>2.1%</p></td><td><p>4.0%</p></td></tr><tr><td><p>Total</p></td><td><p>55.1</p></td></tr></tbody></table><p><i>Source:</i> <i>Statista,IMF, Khaveen Investments</i></p><p>As seen, Singapore has the lowest transaction volume per GDP, while Indonesia has the highest followed by Vietnam. In terms of 2022 expected GDP growth, Thailand is the lowest (3.30%) while the Philippines is the highest (6.5%), and Vietnam has the second highest (6%). In terms of our analysis of transaction volume/GDP and GDP growth rates, we see the Philippines market as having the best prospects while Singapore has the worst.</p><p>To determine the appropriate gauge of its e-commerce revenue breakdown, we first derived its monthly views breakdown by region. We then factor in its market share of total transaction volumes based on its web traffic share, multiplied by the overall transaction volume size of each country.</p><table><tbody><tr><td><p><b>Sea Southeast Asia E-commerce ($ mln)</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td><td><p><b>2026F</b></p></td></tr><tr><td><p>Estimated Southeast Asia GMV (&#39;a&#39;)</p></td><td><p>59,094</p></td><td><p>68,152</p></td><td><p>78,627</p></td><td><p>90,743</p></td><td><p>104,764</p></td><td><p>120,994</p></td></tr><tr><td><p>Growth (%)</p></td><td><p>66.93%</p></td><td><p>15.33%</p></td><td><p>15.37%</p></td><td><p>15.41%</p></td><td><p>15.45%</p></td><td><p>15.49%</p></td></tr><tr><td><p>Take Rate (&#39;b&#39;)</p></td><td><p>8.67%</p></td><td><p>10.78%</p></td><td><p>12.89%</p></td><td><p>15.01%</p></td><td><p>17.12%</p></td><td><p>19.23%</p></td></tr><tr><td><p>Increase %</p></td><td><p>2.55%</p></td><td><p>2.11%</p></td><td><p>2.11%</p></td><td><p>2.11%</p></td><td><p>2.11%</p></td><td><p>2.11%</p></td></tr><tr><td><p><b>Southeast Asia E-commerce Revenue (&#39;c&#39;)</b></p></td><td><p><b>5,123</b></p></td><td><p><b>7,348</b></p></td><td><p><b>10,138</b></p></td><td><p><b>13,618</b></p></td><td><p><b>17,935</b></p></td><td><p><b>23,270</b></p></td></tr><tr><td><p><b>Growth %</b></p></td><td><p><b>43.43%</b></p></td><td><p><b>37.97%</b></p></td><td><p><b>34.32%</b></p></td><td><p><b>31.70%</b></p></td><td><p><b>29.74%</b></p></td></tr></tbody></table><p><i>*c = a x b</i></p><p><i>Source: Sea, Khaveen Investments</i></p><p>If we assume the company’s take rate is the same in all countries, we see this as a good gauge of its revenue breakdown. Overall, we see the company’s main e-commerce markets as Indonesia (33.2%), followed by Thailand (20.2%) and Malaysia (16.0%). In terms of forecasted growth rates, the average is 16.14% based on Statista. While Indonesia is the largest market, Statista forecasts Indonesia’s forward growth at just 12.95% which is the slowest moving forward.</p><p>On the other hand, 3rdplaced Malaysia (with $14 bln in transaction volumes) is forecasted to be the fastest-growing in the region with an 18.49% forward CAGR. To obtain the company’s weighted average transaction volumes growth moving forward excluding take rate increase and market share gain, we calculated the weighted growth based on Statista country forecasts. To calculate the company’s historical take rate, we compiled data on the company’s past e-commerce revenue and GMV. The average annual take rate increase since 2017 has been 2.11%. Overall, we projected its Southeast Asia e-commerce revenue to grow by 43.4% in 2022 and a 5-year forward average of 35.4%.</p><p><b>E-Commerce Leader of LATAM</b></p><p>Besides Southeast Asia, the company had expanded into Latin America’s e-commerce markets such as Brazil in 2019 and recently 2021, Mexico, Chile and Colombia. In the past 3 years, its revenue contribution from the LATAM region has increased from 13% to 18.6% in 2021 based on its annual report. According toApptopia, within 2 years of its launch, Shopee overtook Amazon (AMZN) and MercadoLibre to become the leading shopping app by monthly active users with a share of over 30% in 2021.</p><p><img src=\"https://static.tigerbbs.com/54f0ce49baaa2e5a80c158bfc9a8db6a\" tg-width=\"640\" tg-height=\"515\" referrerpolicy=\"no-referrer\"/></p><p>Apptopia</p><p>Although Shopee is based in Singapore, it depends heavily on sellers from China which makes up the majority of its sellers on its platform. According to KPMG, China was ranked the second-lowest in terms of its manufacturing costs index. Thus, we believe this indicates Shopee’s advantage by keeping costs low. According to analyst Thiago Macruz from Itaú, Shopee carved a niche by selling low-cost products with free shipping. However, in Brazil, Shopee has also grown its number of local sellers to over 1 mln and has become the majority of its marketplace sellers. Previously, it charged low commission fees (6%) in comparison to competitors such as MercadoLibre at 17% but had raised its fees higher than Mercado.</p><p>According to Macruz, another factor is Shopee’s focus on enhancing its user experience through gamification on Shopee’s platform with mini-games that provides rewards. Furthermore, the company’s management explained in the latest earnings briefing that is committed to improving its tech capabilities and experience for users.</p><blockquote>Just two years after entering Brazil, the world’s sixth largest market by population, we are making rapid progress towards market leadership. We therefore remain focused on high quality execution alongside consistent innovation and investments in our tech capabilities to provide a differentiated experience to our users. –Forrest Li, CEO</blockquote><table><tbody><tr><td><p><b>LATAM E-commerce Market ($bln)</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td></tr><tr><td><p>LATAM Market Size ($ bln)</p></td><td><p>85</p></td><td><p>104</p></td><td><p>121</p></td><td><p>138</p></td><td><p>160</p></td></tr><tr><td><p>Growth %</p></td><td><p>25.0%</p></td><td><p>22.4%</p></td><td><p>16.3%</p></td><td><p>14.0%</p></td><td><p>15.9%</p></td></tr><tr><td><p>Shopee Market Share</p></td><td><p>4%</p></td><td><p>6%</p></td><td><p>10%</p></td><td><p>18%</p></td><td><p>30%</p></td></tr><tr><td><p>Shopee LATAM GMV</p></td><td><p>3.13</p></td><td><p>6.20</p></td><td><p>12.26</p></td><td><p>24.26</p></td><td><p>48</p></td></tr><tr><td><p>Growth %</p></td><td><p>97.9%</p></td><td><p>97.9%</p></td><td><p>97.9%</p></td><td><p>97.9%</p></td></tr></tbody></table><p><i>Source:</i> <i>Fidelity, Morgan Stanley,</i> <i>YipitData, Khaveen Investments</i></p><p>All in all, we expect the company to capitalize on the LATAM e-commerce market opportunity as it had already secured a lead over competitors despite its recent entry and as it expands into other regions within LATAM supported by its cost advantages and focus on user engagement. According to Fidelity, the LATAM e-commerce market is forecasted to grow to $160 bln by 2025. According to YipitData, Sea’s GMV from Brazil was estimated to have accounted for 5.3% of its GMV. Assuming Shopee’s share of 30% based on its MAU share from Apptopia, we estimated its GMV opportunity to be $48 bln by 2025 which is 31% of its total forecasted GMV. Overall, we projected its total e-commerce (including LATAM and Southeast Asia) revenue to grow by an average of 50.5% through 2025.</p><table><tbody><tr><td><p><b>Sea Total E-commerce Forecast ($ mln)</b></p></td><td><p><b>2020</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td></tr><tr><td><p>GMV</p></td><td><p>35,400</p></td><td><p>59,094</p></td><td><p>68,152</p></td><td><p>78,627</p></td><td><p>90,743</p></td><td><p>104,764</p></td></tr><tr><td><p>Add: LATAM GMV</p></td><td><p>3,506</p></td><td><p>6,197</p></td><td><p>12,261</p></td><td><p>24,260</p></td><td><p>48,000</p></td></tr><tr><td><p>Total GMV</p></td><td><p>35,400</p></td><td><p>62,600</p></td><td><p>74,349</p></td><td><p>90,888</p></td><td><p>115,003</p></td><td><p>152,764</p></td></tr><tr><td><p>Growth %</p></td><td><p>102.29%</p></td><td><p>76.84%</p></td><td><p>18.77%</p></td><td><p>22.24%</p></td><td><p>26.53%</p></td><td><p>32.83%</p></td></tr><tr><td><p>Take Rate %</p></td><td><p>6.1%</p></td><td><p>8.7%</p></td><td><p>10.8%</p></td><td><p>12.9%</p></td><td><p>15.0%</p></td><td><p>17.1%</p></td></tr><tr><td><p><b>E-commerce Revenue</b></p></td><td><p><b>2,167</b></p></td><td><p><b>5,123</b></p></td><td><p><b>8,016</b></p></td><td><p><b>11,719</b></p></td><td><p><b>17,258</b></p></td><td><p><b>26,152</b></p></td></tr><tr><td><p><b>Growth %</b></p></td><td><p><b>159.75%</b></p></td><td><p><b>136.40%</b></p></td><td><p><b>56.47%</b></p></td><td><p><b>46.20%</b></p></td><td><p><b>47.26%</b></p></td><td><p><b>51.53%</b></p></td></tr></tbody></table><p><i>Source: Sea, Fidelity, Morgan Stanley,</i> <i>YipitData, Khaveen Investments</i></p><p><b>FinTech Expansions</b></p><p>Moreover, the company also has a fintech segment which providese-wallet payment services through SeaMoney as well as credit lending. In Indonesia, ShopeePay was the most popular e-wallet at a 68% user penetration rate ahead of competitors OVO and DANA. However, GCash was the mostpopular in the Philippines and GrabPay (GRAB) inMalaysiaandSingapore.</p><p><img src=\"https://static.tigerbbs.com/a6aee3a44b91df509418774fad568e39\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"/>Based on the chart above by Temasek and Bain of the breakdown of the SEA population by banked, underbanked and unbanked categories, the region with the largest share of the unbanked population in Vietnam represents almost 70% of the population. This is followed by the Philippines and Indonesia. However, Indonesia has the largest unbanked population at 92 mln. Thus, we believe the vast underbanked and unbanked population presents the company with an opportunity to capitalize on its fintech expansion.</p><p>Besides digital payments, the company had applied for and wa sawarded digital banking licenses from Singapore and Malaysia’s central banks. The company also acquired an Indonesian bank, Bank BKE, in 2021. Its competitor GojekacquiredBank Jagoas to offer financial services to merchants and drivers. From its latest earnings briefing, the company explained that besides e-wallets, the company also offered more products such as offering credit to consumers and merchants and insurance as well as the possibility of wealth management products in the future.</p><blockquote>And in other markets, we are also rolling out increasing number of SeaMoney products, including continue to strengthen our market leadership on the e-wallet side, and the leveraging that offer more products across credit to both the consumers and our SME merchants, and also the insurance product – Intertek products, and potentially down the road wealth management products, of course in collaboration with financial institutions, and our digital banking products also being rolled out not only in Indonesia. - Yanjun Wang, Group Chief Corporate Officer</blockquote><p>We believe Sea’s expansion into fintech is comparable to Alibaba’s Ant Group whose operations span digital payments, lending, insurance and wealth management. Founded in 2014, the company had managed to achieve around $18 bln in revenue in its fourth year. Based on the Fintech market revenue in 2018 by Deloitte of $108.6 bln, we calculated its market share by its segments. In comparison, MercadoLibre had also expanded into fintech more recently in 2018 but only focused on digital wallets with Mercado Pago in Argentina.</p><table><tbody><tr><td><p><b>Ant Group</b></p></td><td><p><b>Revenue ($ bln)</b></p></td><td><p><b>Market Share</b></p></td></tr><tr><td><p>Digital Payments</p></td><td><p>7</p></td><td><p>6.4%</p></td></tr><tr><td><p>Digital Lending</p></td><td><p>3.5</p></td><td><p>3.3%</p></td></tr><tr><td><p>Insurance</p></td><td><p>0.7</p></td><td><p>0.6%</p></td></tr><tr><td><p>Total Ant</p></td><td><p>11.2</p></td><td><p>10%</p></td></tr><tr><td><p><b>MercadoLibre</b></p></td><td><p><b>Revenue ($ bln)</b></p></td><td><p><b>Market Share</b></p></td></tr><tr><td><p>Digital Payments</p></td><td><p>2</p></td><td><p>1.4%</p></td></tr></tbody></table><p><i>Source: Ant Group, MercadoLibre, Deloitte, Khaveen Investments</i></p><p>According to management in its earnings briefing, it highlighted that adoption of its credit products was a key driver of revenue growth and expected it to continue. Also, it stated that 30% of active users have used multiple SeaMoney products. Additionally, it also announced that it had obtained a financial institution license in Brazil which could allow it to expand internationally.</p><p>We estimated the company’s Fintech market opportunity in 2025 based on Ant Group and MercadoLibre’s market share in its fourth year and the projected fintech market size of $284 bln by 2025 at a CAGR of 13.9%.</p><table><tbody><tr><td><p><b>Sea Fintech</b></p></td><td><p><b>Revenue ($ bln) (2025F)</b></p></td><td><p><b>Market Share</b></p></td></tr><tr><td><p>Digital Payments</p></td><td><p>11.2</p></td><td><p>3.9%</p></td></tr><tr><td><p>Digital Lending</p></td><td><p>9.3</p></td><td><p>3.3%</p></td></tr><tr><td><p>Insurance</p></td><td><p>1.8</p></td><td><p>0.6%</p></td></tr><tr><td><p><b>Total Sea</b></p></td><td><p><b>22.2</b></p></td><td><p><b>7.8%</b></p></td></tr></tbody></table><p><i>Source: Khaveen Investments</i></p><table><tbody><tr><td><p><b>Segments ($ mln)</b></p></td><td><p><b>2020</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td></tr><tr><td><p>Digital Financial Services</p></td><td><p>61</p></td><td><p>470</p></td><td><p>1,232</p></td><td><p>3,229</p></td><td><p>8,468</p></td><td><p>22,201</p></td></tr><tr><td><p>Growth (%)</p></td><td><p>560.87%</p></td><td><p>672.65%</p></td><td><p>162%</p></td><td><p>162%</p></td><td><p>162%</p></td><td><p>162%</p></td></tr></tbody></table><p><i>Source: Khaveen Investments</i></p><p>As the company expands into Fintech such as with SeaMoney in digital payments, lending and insurance, we believe the company’s segment outlook is buoyed by the large underbanked and unbanked population within the SEA region, especially in large markets such as Indonesia, Vietnam and Philippines. As the company secured digital banking licenses, we expect it to continue focusing on its fintech expansion to target these markets. Moreover, we also view its expansion into Fintech as similar to other e-commerce platforms such as Ant Group and MercadoLibre. As such, we projected its fintech segment with a revenue opportunity of $22.2 bln by 2025 based on the market share of its Ant Group and MercadoLibre.</p><p><b>Risk: High Dependency on Free Fire</b></p><p>The company’s largest segment is digital entertainment which was 43% of total revenue. The company’s most popular game is FreeFire whichcontributed$1.1 bln or 26% of its total revenue in 2021 according to Pocket Gamer. Based on Apptopia, the average life spanof games to stay within the top 50 in the app store was only 27.75 days. That said, Freefire was launched in 2017 but its daily active users have still increased in 2021 to a peak of 150 mln in Q2 compared to its active users of 80 mln in 2020 and 50 mln in the prior year. Recently in 2022, Indiabannedthe FreeFire game along with 54 Chinese apps due to security concerns. According to App Annie, the game was the highest-grossing mobile game in India in Q3 2021. Though, Morgan Stanley (MS)estimated its sales from the country to be $475 mln or 11% of its segment revenue in 2021.</p><p><b>Valuation</b></p><p>We summarized our revenue projections for the company in the table below according to its digital entertainment which we projected based on the market forecast CAGR of 11.9% as well as its e-commerce and digital financial services segments based on our projections as discussed above.</p><table><tbody><tr><td><p><b>Segments ($ mln)</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td></tr><tr><td><p>Digital Entertainment</p></td><td><p>4,320</p></td><td><p>4,834</p></td><td><p>5,409</p></td><td><p>6,053</p></td><td><p>6,773</p></td></tr><tr><td><p>Growth (%)</p></td><td><p>114.29%</p></td><td><p>11.90%</p></td><td><p>11.90%</p></td><td><p>11.90%</p></td><td><p>11.90%</p></td></tr><tr><td><p>E-commerce</p></td><td><p>5,123</p></td><td><p>8,016</p></td><td><p>11,719</p></td><td><p>17,258</p></td><td><p>26,152</p></td></tr><tr><td><p>Growth (%)</p></td><td><p>136.40%</p></td><td><p>56.47%</p></td><td><p>46.20%</p></td><td><p>47.26%</p></td><td><p>51.53%</p></td></tr><tr><td><p>Digital Financial Services</p></td><td><p>470</p></td><td><p>1,232</p></td><td><p>3,229</p></td><td><p>8,468</p></td><td><p>22,201</p></td></tr><tr><td><p>Growth (%)</p></td><td><p>672.65%</p></td><td><p>162%</p></td><td><p>162%</p></td><td><p>162%</p></td><td><p>162%</p></td></tr><tr><td><p>Other Services</p></td><td><p>42</p></td><td><p>42</p></td><td><p>42</p></td><td><p>42</p></td><td><p>42</p></td></tr><tr><td><p>Growth (%)</p></td><td><p>-67.83%</p></td><td><p>0.00%</p></td><td><p>0.00%</p></td><td><p>0.00%</p></td><td><p>0.00%</p></td></tr><tr><td><p><b>Total Revenue</b></p></td><td><p><b>9,955</b></p></td><td><p><b>14,124</b></p></td><td><p><b>20,401</b></p></td><td><p><b>31,821</b></p></td><td><p><b>55,169</b></p></td></tr><tr><td><p><b>Growth (%)</b></p></td><td><p><b>127.51%</b></p></td><td><p><b>41.88%</b></p></td><td><p><b>44.44%</b></p></td><td><p><b>55.98%</b></p></td><td><p><b>73.37%</b></p></td></tr></tbody></table><p><i>Source: Khaveen Investments</i></p><p>To value the company, we used a P/S valuation as we forecasted its revenue growth to grow robustly above 40%. We based its P/S ratio on the weighted average of competitors for its digital entertainment and e-commerce segments.</p><table><tbody><tr><td><p><b>Weighted Average P/S</b></p></td><td><p><b>Weight</b></p></td><td><p><b>P/S</b></p></td></tr><tr><td><p>Gaming</p></td><td><p>43.4%</p></td><td><p>4.43x</p></td></tr><tr><td><p>E-commerce</p></td><td><p>51.5%</p></td><td><p>3.09x</p></td></tr><tr><td><p><b>Weighted P/S</b></p></td><td><p><b>3.51x</b></p></td></tr></tbody></table><p><i>Source: Khaveen Investments</i></p><p>Based on a weighted P/S of 3.51x, we derived its 2024 price target with an upside of 146%. Based on that, we derived a 2022 price target with an upside of 35%.</p><table><tbody><tr><td><p><b>Valuation</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td></tr><tr><td><p>Revenue</p></td><td><p>14,124</p></td><td><p>20,401</p></td><td><p>31,821</p></td></tr><tr><td><p>P/S</p></td><td><p>3.51x</p></td><td><p>3.51x</p></td><td><p>3.51x</p></td></tr><tr><td><p>Valuation ($ mln)</p></td><td><p>49,575</p></td><td><p>71,605</p></td><td><p>111,691</p></td></tr><tr><td><p>Shares Outstanding</p></td><td><p>559.74</p></td><td><p>559.74</p></td><td><p>559.74</p></td></tr><tr><td><p><b>Price Target</b></p></td><td><p><b>$105.10</b></p></td><td><p><b>$144.82</b></p></td><td><p><b>$199.54</b></p></td></tr><tr><td><p>Current Price</p></td><td><p>$76.28</p></td><td><p>$76.28</p></td><td><p>$76.28</p></td></tr><tr><td><p><b>Upside</b></p></td><td><p><b>37.8%</b></p></td><td><p><b>89.9%</b></p></td><td><p><b>161.6%</b></p></td></tr></tbody></table><p><i>Source: Khaveen Investments</i></p><p><b>Verdict</b></p><p>Sea has grown over the years to become the leader of e-commerce in Southeast Asia which is a key region accounting for 63% of its revenues. Based on our projection of its estimated GMV by country in Southeast Asia, we projected its e-commerce revenue in the region to grow by 43.4% in 2022. Furthermore, as the company expands into LATAM such as Brazil, Mexico, Chile, and Colombia, we believe the region could present it with an e-commerce GMV opportunity of $48 bln or 50% of its GMV by 2025 as it had already secured a lead with over 30% share of active users.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: E-Commerce Leader Of The Developing World</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\">\nSea Limited: E-Commerce Leader Of The Developing World\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-22 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4519574-sea-ecommerce-leader-of-the-developing-world?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A3><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAs the e-commerce leader in Southeast Asia (63% of revenue), we forecasted Sea Limited's e-commerce revenue in the region to grow by 43.4% in 2022 with a 5-year average of 35.4%.Furthermore, as...</p>\n\n<a href=\"https://seekingalpha.com/article/4519574-sea-ecommerce-leader-of-the-developing-world?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4519574-sea-ecommerce-leader-of-the-developing-world?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100434932","content_text":"SummaryAs the e-commerce leader in Southeast Asia (63% of revenue), we forecasted Sea Limited's e-commerce revenue in the region to grow by 43.4% in 2022 with a 5-year average of 35.4%.Furthermore, as it expands into LATAM, we believe the region could be important to its growth with an estimated GMV opportunity of $48 bln by 2025.Finally, we believe its FinTech segment could leverage on the opportunity in South East Asia and estimated its market to reach $22.2 bln by 2025 at a CAGR of 162%.As the largest internet retailer in Southeast Asia, we analyzed Sea Limited's (NYSE:SE) competitive positioning as the leading e-commerce retailer in the region. We also examined its e-commerce expansion into LATAM, in which it has already secured a leading position.Sea, Khaveen InvestmentsWhile 51.5% of its revenue is derived from Internet Retail, Sea also derives 43.4% of its revenue from gaming revenues under its Digital Entertainment Segment. Looking further into this segment, we believe this segment’s revenue is highly dependent on its only in-house developed game, Free Fire.We also noticed the company's significant initiatives in the Fintech Industry, which we believe could be a major driver of the company’s growth moving forward. To determine its potential market share gain in this market, we looked at other companies that deployed similar business model mixes of Internet Retail and Fintech, such as Alibaba (BABA, BABAF) and MercadoLibre (MELI).E-Commerce Leader of the Developing WorldSea, Khaveen InvestmentsWith 63.45% of the company’s total revenue derived from Southeast Asia, we believed the company would hold a dominant position in this region. To determine Shopee's (Sea Limited) competitive positioning in Southeast Asia, we looked into monthly web visits of more than 49 e-commerce platforms across this region from iPrice. We calculated their market share from Q1 2019 to Q4 2021 across the top 6 countries in Southeast Asia by GDP (Indonesia, Thailand, Vietnam, Philippines, Singapore and Malaysia). To determine the growth prospects of the market, we also compiled data on the size, and historical 5-year and forward 4-year CAGR of the Internet Retail industry (in terms of the Internet Retail transaction volumes from Statista).iPrice, Khaveen InvestmentsBased on the chart above, Shopee’s market share has increased significantly in all 6 markets from Q1 2019 to Q4 2021. In Vietnam, they strengthened their No. 1 position against Lazada in Q1 2019. In Thailand, Malaysia, the Philippines, and Singapore, Shopee grew from the No. 2 Position to unseat Lazada from the No. 1 position. Even in Indonesia, where Tokopedia remains at No. 1, Shopee has closed the gap considerably to Tokopedia, with their market share more than doubling from 15.82% to 34.27%. Although Tokopedia also gained market share, Shopee now remains just 4.61% market share points behind Tokopedia. Additionally, Shopee has more than 50% market share in Thailand, Malaysia and the Philippines. As Tokopedia is not even in the Top 3 positions in any country outside Indonesia, we see Shopee as the undisputed e-commerce leader in Southeast Asia.In 2021, Indonesia was the largest market with $53 bln (more than twice the size of 2ndplace Thailand) in transaction volumes fueled by its historical CAGR of 74.1% which has been the highest among the 6 countries. Surprisingly, Sea Limited, a Singaporean company, only has a 40.46% market share which is the second-lowest in terms of market share. Singapore also has the smallest transaction volume of $7.1 bln, which is 13.40% of Indonesia’s transaction volume. We tabulated the results of each country's transaction volume per GDP as below:Geographic Region2021 Shopee Market Share2021 Market Sales Volume ($ bln)2021 Shopee Sales Volume ($ bln)Share of Total Volume2020 GDP ($bln)Sales Volume/GDPGDP Growth % (2022F)Indonesia38.88%5320.637.4%1,0585.0%5.4%Vietnam32.33%134.27.6%2714.8%6.0%Thailand50.57%2110.619.3%5024.2%3.3%Philippines62.38%127.513.6%3613.3%6.5%Malaysia66.44%149.316.9%3374.2%5.6%Singapore40.46%7.12.95.2%3402.1%4.0%Total55.1Source: Statista,IMF, Khaveen InvestmentsAs seen, Singapore has the lowest transaction volume per GDP, while Indonesia has the highest followed by Vietnam. In terms of 2022 expected GDP growth, Thailand is the lowest (3.30%) while the Philippines is the highest (6.5%), and Vietnam has the second highest (6%). In terms of our analysis of transaction volume/GDP and GDP growth rates, we see the Philippines market as having the best prospects while Singapore has the worst.To determine the appropriate gauge of its e-commerce revenue breakdown, we first derived its monthly views breakdown by region. We then factor in its market share of total transaction volumes based on its web traffic share, multiplied by the overall transaction volume size of each country.Sea Southeast Asia E-commerce ($ mln)20212022F2023F2024F2025F2026FEstimated Southeast Asia GMV ('a')59,09468,15278,62790,743104,764120,994Growth (%)66.93%15.33%15.37%15.41%15.45%15.49%Take Rate ('b')8.67%10.78%12.89%15.01%17.12%19.23%Increase %2.55%2.11%2.11%2.11%2.11%2.11%Southeast Asia E-commerce Revenue ('c')5,1237,34810,13813,61817,93523,270Growth %43.43%37.97%34.32%31.70%29.74%*c = a x bSource: Sea, Khaveen InvestmentsIf we assume the company’s take rate is the same in all countries, we see this as a good gauge of its revenue breakdown. Overall, we see the company’s main e-commerce markets as Indonesia (33.2%), followed by Thailand (20.2%) and Malaysia (16.0%). In terms of forecasted growth rates, the average is 16.14% based on Statista. While Indonesia is the largest market, Statista forecasts Indonesia’s forward growth at just 12.95% which is the slowest moving forward.On the other hand, 3rdplaced Malaysia (with $14 bln in transaction volumes) is forecasted to be the fastest-growing in the region with an 18.49% forward CAGR. To obtain the company’s weighted average transaction volumes growth moving forward excluding take rate increase and market share gain, we calculated the weighted growth based on Statista country forecasts. To calculate the company’s historical take rate, we compiled data on the company’s past e-commerce revenue and GMV. The average annual take rate increase since 2017 has been 2.11%. Overall, we projected its Southeast Asia e-commerce revenue to grow by 43.4% in 2022 and a 5-year forward average of 35.4%.E-Commerce Leader of LATAMBesides Southeast Asia, the company had expanded into Latin America’s e-commerce markets such as Brazil in 2019 and recently 2021, Mexico, Chile and Colombia. In the past 3 years, its revenue contribution from the LATAM region has increased from 13% to 18.6% in 2021 based on its annual report. According toApptopia, within 2 years of its launch, Shopee overtook Amazon (AMZN) and MercadoLibre to become the leading shopping app by monthly active users with a share of over 30% in 2021.ApptopiaAlthough Shopee is based in Singapore, it depends heavily on sellers from China which makes up the majority of its sellers on its platform. According to KPMG, China was ranked the second-lowest in terms of its manufacturing costs index. Thus, we believe this indicates Shopee’s advantage by keeping costs low. According to analyst Thiago Macruz from Itaú, Shopee carved a niche by selling low-cost products with free shipping. However, in Brazil, Shopee has also grown its number of local sellers to over 1 mln and has become the majority of its marketplace sellers. Previously, it charged low commission fees (6%) in comparison to competitors such as MercadoLibre at 17% but had raised its fees higher than Mercado.According to Macruz, another factor is Shopee’s focus on enhancing its user experience through gamification on Shopee’s platform with mini-games that provides rewards. Furthermore, the company’s management explained in the latest earnings briefing that is committed to improving its tech capabilities and experience for users.Just two years after entering Brazil, the world’s sixth largest market by population, we are making rapid progress towards market leadership. We therefore remain focused on high quality execution alongside consistent innovation and investments in our tech capabilities to provide a differentiated experience to our users. –Forrest Li, CEOLATAM E-commerce Market ($bln)20212022F2023F2024F2025FLATAM Market Size ($ bln)85104121138160Growth %25.0%22.4%16.3%14.0%15.9%Shopee Market Share4%6%10%18%30%Shopee LATAM GMV3.136.2012.2624.2648Growth %97.9%97.9%97.9%97.9%Source: Fidelity, Morgan Stanley, YipitData, Khaveen InvestmentsAll in all, we expect the company to capitalize on the LATAM e-commerce market opportunity as it had already secured a lead over competitors despite its recent entry and as it expands into other regions within LATAM supported by its cost advantages and focus on user engagement. According to Fidelity, the LATAM e-commerce market is forecasted to grow to $160 bln by 2025. According to YipitData, Sea’s GMV from Brazil was estimated to have accounted for 5.3% of its GMV. Assuming Shopee’s share of 30% based on its MAU share from Apptopia, we estimated its GMV opportunity to be $48 bln by 2025 which is 31% of its total forecasted GMV. Overall, we projected its total e-commerce (including LATAM and Southeast Asia) revenue to grow by an average of 50.5% through 2025.Sea Total E-commerce Forecast ($ mln)202020212022F2023F2024F2025FGMV35,40059,09468,15278,62790,743104,764Add: LATAM GMV3,5066,19712,26124,26048,000Total GMV35,40062,60074,34990,888115,003152,764Growth %102.29%76.84%18.77%22.24%26.53%32.83%Take Rate %6.1%8.7%10.8%12.9%15.0%17.1%E-commerce Revenue2,1675,1238,01611,71917,25826,152Growth %159.75%136.40%56.47%46.20%47.26%51.53%Source: Sea, Fidelity, Morgan Stanley, YipitData, Khaveen InvestmentsFinTech ExpansionsMoreover, the company also has a fintech segment which providese-wallet payment services through SeaMoney as well as credit lending. In Indonesia, ShopeePay was the most popular e-wallet at a 68% user penetration rate ahead of competitors OVO and DANA. However, GCash was the mostpopular in the Philippines and GrabPay (GRAB) inMalaysiaandSingapore.Based on the chart above by Temasek and Bain of the breakdown of the SEA population by banked, underbanked and unbanked categories, the region with the largest share of the unbanked population in Vietnam represents almost 70% of the population. This is followed by the Philippines and Indonesia. However, Indonesia has the largest unbanked population at 92 mln. Thus, we believe the vast underbanked and unbanked population presents the company with an opportunity to capitalize on its fintech expansion.Besides digital payments, the company had applied for and wa sawarded digital banking licenses from Singapore and Malaysia’s central banks. The company also acquired an Indonesian bank, Bank BKE, in 2021. Its competitor GojekacquiredBank Jagoas to offer financial services to merchants and drivers. From its latest earnings briefing, the company explained that besides e-wallets, the company also offered more products such as offering credit to consumers and merchants and insurance as well as the possibility of wealth management products in the future.And in other markets, we are also rolling out increasing number of SeaMoney products, including continue to strengthen our market leadership on the e-wallet side, and the leveraging that offer more products across credit to both the consumers and our SME merchants, and also the insurance product – Intertek products, and potentially down the road wealth management products, of course in collaboration with financial institutions, and our digital banking products also being rolled out not only in Indonesia. - Yanjun Wang, Group Chief Corporate OfficerWe believe Sea’s expansion into fintech is comparable to Alibaba’s Ant Group whose operations span digital payments, lending, insurance and wealth management. Founded in 2014, the company had managed to achieve around $18 bln in revenue in its fourth year. Based on the Fintech market revenue in 2018 by Deloitte of $108.6 bln, we calculated its market share by its segments. In comparison, MercadoLibre had also expanded into fintech more recently in 2018 but only focused on digital wallets with Mercado Pago in Argentina.Ant GroupRevenue ($ bln)Market ShareDigital Payments76.4%Digital Lending3.53.3%Insurance0.70.6%Total Ant11.210%MercadoLibreRevenue ($ bln)Market ShareDigital Payments21.4%Source: Ant Group, MercadoLibre, Deloitte, Khaveen InvestmentsAccording to management in its earnings briefing, it highlighted that adoption of its credit products was a key driver of revenue growth and expected it to continue. Also, it stated that 30% of active users have used multiple SeaMoney products. Additionally, it also announced that it had obtained a financial institution license in Brazil which could allow it to expand internationally.We estimated the company’s Fintech market opportunity in 2025 based on Ant Group and MercadoLibre’s market share in its fourth year and the projected fintech market size of $284 bln by 2025 at a CAGR of 13.9%.Sea FintechRevenue ($ bln) (2025F)Market ShareDigital Payments11.23.9%Digital Lending9.33.3%Insurance1.80.6%Total Sea22.27.8%Source: Khaveen InvestmentsSegments ($ mln)202020212022F2023F2024F2025FDigital Financial Services614701,2323,2298,46822,201Growth (%)560.87%672.65%162%162%162%162%Source: Khaveen InvestmentsAs the company expands into Fintech such as with SeaMoney in digital payments, lending and insurance, we believe the company’s segment outlook is buoyed by the large underbanked and unbanked population within the SEA region, especially in large markets such as Indonesia, Vietnam and Philippines. As the company secured digital banking licenses, we expect it to continue focusing on its fintech expansion to target these markets. Moreover, we also view its expansion into Fintech as similar to other e-commerce platforms such as Ant Group and MercadoLibre. As such, we projected its fintech segment with a revenue opportunity of $22.2 bln by 2025 based on the market share of its Ant Group and MercadoLibre.Risk: High Dependency on Free FireThe company’s largest segment is digital entertainment which was 43% of total revenue. The company’s most popular game is FreeFire whichcontributed$1.1 bln or 26% of its total revenue in 2021 according to Pocket Gamer. Based on Apptopia, the average life spanof games to stay within the top 50 in the app store was only 27.75 days. That said, Freefire was launched in 2017 but its daily active users have still increased in 2021 to a peak of 150 mln in Q2 compared to its active users of 80 mln in 2020 and 50 mln in the prior year. Recently in 2022, Indiabannedthe FreeFire game along with 54 Chinese apps due to security concerns. According to App Annie, the game was the highest-grossing mobile game in India in Q3 2021. Though, Morgan Stanley (MS)estimated its sales from the country to be $475 mln or 11% of its segment revenue in 2021.ValuationWe summarized our revenue projections for the company in the table below according to its digital entertainment which we projected based on the market forecast CAGR of 11.9% as well as its e-commerce and digital financial services segments based on our projections as discussed above.Segments ($ mln)20212022F2023F2024F2025FDigital Entertainment4,3204,8345,4096,0536,773Growth (%)114.29%11.90%11.90%11.90%11.90%E-commerce5,1238,01611,71917,25826,152Growth (%)136.40%56.47%46.20%47.26%51.53%Digital Financial Services4701,2323,2298,46822,201Growth (%)672.65%162%162%162%162%Other Services4242424242Growth (%)-67.83%0.00%0.00%0.00%0.00%Total Revenue9,95514,12420,40131,82155,169Growth (%)127.51%41.88%44.44%55.98%73.37%Source: Khaveen InvestmentsTo value the company, we used a P/S valuation as we forecasted its revenue growth to grow robustly above 40%. We based its P/S ratio on the weighted average of competitors for its digital entertainment and e-commerce segments.Weighted Average P/SWeightP/SGaming43.4%4.43xE-commerce51.5%3.09xWeighted P/S3.51xSource: Khaveen InvestmentsBased on a weighted P/S of 3.51x, we derived its 2024 price target with an upside of 146%. Based on that, we derived a 2022 price target with an upside of 35%.Valuation2022F2023F2024FRevenue14,12420,40131,821P/S3.51x3.51x3.51xValuation ($ mln)49,57571,605111,691Shares Outstanding559.74559.74559.74Price Target$105.10$144.82$199.54Current Price$76.28$76.28$76.28Upside37.8%89.9%161.6%Source: Khaveen InvestmentsVerdictSea has grown over the years to become the leader of e-commerce in Southeast Asia which is a key region accounting for 63% of its revenues. Based on our projection of its estimated GMV by country in Southeast Asia, we projected its e-commerce revenue in the region to grow by 43.4% in 2022. Furthermore, as the company expands into LATAM such as Brazil, Mexico, Chile, and Colombia, we believe the region could present it with an e-commerce GMV opportunity of $48 bln or 50% of its GMV by 2025 as it had already secured a lead with over 30% share of active users.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033658074,"gmtCreate":1646270327186,"gmtModify":1676534110807,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033658074","repostId":"1109200151","repostType":4,"repost":{"id":"1109200151","pubTimestamp":1646268838,"share":"https://ttm.financial/m/news/1109200151?lang=&edition=fundamental","pubTime":"2022-03-03 08:53","market":"us","language":"en","title":"American Eagle Earnings in for a Hit from Hefty Freight Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=1109200151","media":"Reuters","summary":"(Reuters) -American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first h","content":"<html><head></head><body><p>(Reuters) -American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first half of 2022 as freight expenses surge and benefits from federal stimulus fade, sending its shares down 8% in extended trading.</p><p>The apparel chain said it used pricier air freight in the latter half of 2021 to circumvent factory closures in Vietnam, but still faced an uneven flow of inventory in its high-margin Aerie leggings business.</p><p>The U.S. retail industry has been wrestling with soaring freight prices for several months, and major logistics operators are expecting congestion, tight capacity and high freight rates to persist well into 2022.</p><p>Rival Abercrombie &amp; Fitch Co has also warned of weaker margins in 2022.</p><p>Still, American Eagle expects earnings to improve in the second half of this year as it does not plan to use elevated air freight.</p><p>&#34;It&#39;s definitely going to be a tale of two halves,&#34; Chief Financial Officer Michael Mathias said during an earnings call.</p><p>The company also plans to discount more in the spring season after historically low levels last year, when the roll-out of federal stimulus checks enabled customers to spend more on its clothes and accessories.</p><p>In the fourth quarter ended Jan. 29, total net revenue increased 17% to $1.51 billion, in line with expectations, according to IBES data from Refinitiv.</p><p>American Eagle&#39;s namesake division posted a 11% rise. Its Aerie line, which makes activewear, swimsuits and bralettes, recorded a 27% jump, marking its 29th consecutive quarter of double-digit growth.</p><p>The company also said it was pleased with the early performance of its spring collections thanks to faster shipment deliveries.</p><p>Adjusted earnings per share came in at 35 cents, also meeting expectations.</p></body></html>","source":"lsy1612507957220","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>American Eagle Earnings in for a Hit from Hefty Freight Costs</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\">\nAmerican Eagle Earnings in for a Hit from Hefty Freight Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-03 08:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/american-eagle-warns-earnings-hit-223843193.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first half of 2022 as freight expenses surge and benefits from federal stimulus fade, sending its shares ...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-eagle-warns-earnings-hit-223843193.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AEO":"美鹰服饰"},"source_url":"https://finance.yahoo.com/news/american-eagle-warns-earnings-hit-223843193.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109200151","content_text":"(Reuters) -American Eagle Outfitters Inc on Wednesday forecast a decline in earnings for the first half of 2022 as freight expenses surge and benefits from federal stimulus fade, sending its shares down 8% in extended trading.The apparel chain said it used pricier air freight in the latter half of 2021 to circumvent factory closures in Vietnam, but still faced an uneven flow of inventory in its high-margin Aerie leggings business.The U.S. retail industry has been wrestling with soaring freight prices for several months, and major logistics operators are expecting congestion, tight capacity and high freight rates to persist well into 2022.Rival Abercrombie & Fitch Co has also warned of weaker margins in 2022.Still, American Eagle expects earnings to improve in the second half of this year as it does not plan to use elevated air freight.\"It's definitely going to be a tale of two halves,\" Chief Financial Officer Michael Mathias said during an earnings call.The company also plans to discount more in the spring season after historically low levels last year, when the roll-out of federal stimulus checks enabled customers to spend more on its clothes and accessories.In the fourth quarter ended Jan. 29, total net revenue increased 17% to $1.51 billion, in line with expectations, according to IBES data from Refinitiv.American Eagle's namesake division posted a 11% rise. Its Aerie line, which makes activewear, swimsuits and bralettes, recorded a 27% jump, marking its 29th consecutive quarter of double-digit growth.The company also said it was pleased with the early performance of its spring collections thanks to faster shipment deliveries.Adjusted earnings per share came in at 35 cents, also meeting expectations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007252305,"gmtCreate":1642912717788,"gmtModify":1676533757350,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"like thanks&nbsp;","listText":"like thanks&nbsp;","text":"like thanks","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007252305","repostId":"2205248240","repostType":4,"repost":{"id":"2205248240","pubTimestamp":1642898373,"share":"https://ttm.financial/m/news/2205248240?lang=&edition=fundamental","pubTime":"2022-01-23 08:39","market":"us","language":"en","title":"Here's Why SoFi's Long-Awaited Bank Charter Will Make the Business Better","url":"https://stock-news.laohu8.com/highlight/detail?id=2205248240","media":"Motley Fool","summary":"Regulators have granted SoFi conditional approval on its application to become a bank.","content":"<html><head></head><body><p>After a difficult few months for the stock, <b>SoFi</b> (NASDAQ:SOFI) shareholders got some welcome news recently when regulators approved the company&#39;s application to become a bank. Now, SoFi will be able to complete its previously announced acquisition of <b>Golden Pacific Bancorp</b> and become a bank holding company.</p><p>SoFi plans to capitalize the bank with $750 million, and the bank will have $5.3 billion of assets once the deal with Golden Pacific closes, which is expected to happen in February. Following the news of the bank charter, SoFi&#39;s stock shot up.</p><p>Here&#39;s why SoFi&#39;s long-awaited bank charter will improve the company&#39;s operations.</p><p><img src=\"https://static.tigerbbs.com/b043430dd6fd8a492604fcb1cb4193d3\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Getty Images.</p><h2>Streamlining operations</h2><p>Despite competing in the banking space, many fintech companies start as tech companies and do not have a formal banking license -- they are not easy to obtain. So, most fintechs tend to partner with licensed banks to do things like hold the deposits they gather from their members (unlicensed banks can&#39;t hold deposits on their balance sheet) and originate loans for them in some cases. This typically involves some kind of revenue share. Additionally, because banks can&#39;t use deposits to fund loan originations, they have to use higher-cost funding.</p><p>One of the main benefits of the bank charter will be enabling SoFi to lower its interest expense, which is the interest SoFi pays on the debt it uses to fund assets such as loans. According to its recent regulatory filing, the company&#39;s current funding sources for originations include securitization debt and funding from warehouse facilities. SoFi pays interest on this funding of nearly 4% and 1.6%, respectively. This funding is also not as reliable in certain market conditions. Currently, most savings and checking accounts pay out very little interest, and even a lot of high-yield savings accounts pay much less interest than these higher-cost sources.</p><p>With the bank charter, SoFi will be able to transfer all of the deposits in its cash management SoFi Money product that it currently sends to a partner bank back into SoFi to hold. SoFi Money accounts topped 1.16 million at the end of the third quarter, so they should offer a decent source of funding that will also grow in the future. This will significantly lower SoFi&#39;s cost of funding loan originations, or it can maintain both sources if it needs them to grow.</p><p>Additionally, having a bank charter will make it easier for SoFi to hold loans on its balance sheet, whether that means holding loans for longer periods or to completion. Most fintech consumer lenders sell loans they originate right away to an investor or bank for a fee. But when you hold a loan on the balance sheet, you can collect interest payments every month, and that loan ends up being more profitable over its life, as long as it doesn&#39;t go into default.</p><p>With a bank charter, SoFi will have more clarity from a regulatory perspective on its operations. It is also another signal to investors that SoFi is a trustworthy lender. While the company has a good reputation, given that it has been originating loans for several years now, I think investors see it as a good sign that a fintech company is willing to take some risk on its balance sheet, although I am not yet sure how long SoFi plans to hold its loans.</p><p>In its first presentation, management showed the impact of the bank charter on earnings before interest, taxes, depreciation, and amortization (EBITDA). While the numbers have likely changed, as this presentation is now roughly a year old, I think this is illustrative of how helpful the bank charter can be.</p><p><img src=\"https://static.tigerbbs.com/5ca5ac4bdc2ba7427f2b507f42aeb914\" tg-width=\"700\" tg-height=\"642\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>SoFi January 2021 investor presentation.</p><h2>Hitting a key milestone</h2><p>While the bank charter has been long anticipated, there was some question over it, given some of the regulatory uncertainty in the banking arena in Washington over the past few months. It is also no easy feat for any fintech to obtain a bank charter. The charter will make the deposits that SoFi gathers much more valuable and greatly help the unit economics in its lending division. Ultimately, expect revenue and EBITDA to be higher this year and going forward with the bank charter now secured.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why SoFi's Long-Awaited Bank Charter Will Make the Business Better</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\">\nHere's Why SoFi's Long-Awaited Bank Charter Will Make the Business Better\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-23 08:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/22/why-sofi-bank-charter-makes-business-better/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a difficult few months for the stock, SoFi (NASDAQ:SOFI) shareholders got some welcome news recently when regulators approved the company's application to become a bank. Now, SoFi will be able ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/22/why-sofi-bank-charter-makes-business-better/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc.","BK4549":"软银资本持仓","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","BK4166":"消费信贷"},"source_url":"https://www.fool.com/investing/2022/01/22/why-sofi-bank-charter-makes-business-better/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2205248240","content_text":"After a difficult few months for the stock, SoFi (NASDAQ:SOFI) shareholders got some welcome news recently when regulators approved the company's application to become a bank. Now, SoFi will be able to complete its previously announced acquisition of Golden Pacific Bancorp and become a bank holding company.SoFi plans to capitalize the bank with $750 million, and the bank will have $5.3 billion of assets once the deal with Golden Pacific closes, which is expected to happen in February. Following the news of the bank charter, SoFi's stock shot up.Here's why SoFi's long-awaited bank charter will improve the company's operations.Image source: Getty Images.Streamlining operationsDespite competing in the banking space, many fintech companies start as tech companies and do not have a formal banking license -- they are not easy to obtain. So, most fintechs tend to partner with licensed banks to do things like hold the deposits they gather from their members (unlicensed banks can't hold deposits on their balance sheet) and originate loans for them in some cases. This typically involves some kind of revenue share. Additionally, because banks can't use deposits to fund loan originations, they have to use higher-cost funding.One of the main benefits of the bank charter will be enabling SoFi to lower its interest expense, which is the interest SoFi pays on the debt it uses to fund assets such as loans. According to its recent regulatory filing, the company's current funding sources for originations include securitization debt and funding from warehouse facilities. SoFi pays interest on this funding of nearly 4% and 1.6%, respectively. This funding is also not as reliable in certain market conditions. Currently, most savings and checking accounts pay out very little interest, and even a lot of high-yield savings accounts pay much less interest than these higher-cost sources.With the bank charter, SoFi will be able to transfer all of the deposits in its cash management SoFi Money product that it currently sends to a partner bank back into SoFi to hold. SoFi Money accounts topped 1.16 million at the end of the third quarter, so they should offer a decent source of funding that will also grow in the future. This will significantly lower SoFi's cost of funding loan originations, or it can maintain both sources if it needs them to grow.Additionally, having a bank charter will make it easier for SoFi to hold loans on its balance sheet, whether that means holding loans for longer periods or to completion. Most fintech consumer lenders sell loans they originate right away to an investor or bank for a fee. But when you hold a loan on the balance sheet, you can collect interest payments every month, and that loan ends up being more profitable over its life, as long as it doesn't go into default.With a bank charter, SoFi will have more clarity from a regulatory perspective on its operations. It is also another signal to investors that SoFi is a trustworthy lender. While the company has a good reputation, given that it has been originating loans for several years now, I think investors see it as a good sign that a fintech company is willing to take some risk on its balance sheet, although I am not yet sure how long SoFi plans to hold its loans.In its first presentation, management showed the impact of the bank charter on earnings before interest, taxes, depreciation, and amortization (EBITDA). While the numbers have likely changed, as this presentation is now roughly a year old, I think this is illustrative of how helpful the bank charter can be.SoFi January 2021 investor presentation.Hitting a key milestoneWhile the bank charter has been long anticipated, there was some question over it, given some of the regulatory uncertainty in the banking arena in Washington over the past few months. It is also no easy feat for any fintech to obtain a bank charter. The charter will make the deposits that SoFi gathers much more valuable and greatly help the unit economics in its lending division. Ultimately, expect revenue and EBITDA to be higher this year and going forward with the bank charter now secured.","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919347189,"gmtCreate":1663740012741,"gmtModify":1676537327237,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":22,"repostSize":0,"link":"https://ttm.financial/post/9919347189","repostId":"1168851420","repostType":4,"repost":{"id":"1168851420","pubTimestamp":1663739063,"share":"https://ttm.financial/m/news/1168851420?lang=&edition=fundamental","pubTime":"2022-09-21 13:44","market":"us","language":"en","title":"Costco Gears Up for This Week's Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1168851420","media":"Schaeffer's Research","summary":"Costco Wholesale Corporation is set to step into the earnings confessional after the close on Thursd","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/COST\">Costco Wholesale Corporation</a> is set to step into the earnings confessional after the close on Thursday, Sept. 22. The mega-retailer will report fiscal fourth-quarter results, in which analysts anticipate earnings of $4.17 per share on revenue of $70.8 billion, as well as an increase of 13.7% for same-store sales.</p><p>Looking back at the last eight quarters, COST sports a mixed bag when it comes to post-earnings sessions. However, the shares moved higher in three of its last four, losing 1.4% the day after reporting back in March. This time around, the options pits are pricing in a 6% swing, regardless of direction, which is nearly triple the 2.2% move the shares have averaged over the last two years.</p><p>Today, Costco stock was last seen 1.6% lower to trade at $498.54. The security logged three weekly losses in the last four, though the 320-day moving average is keeping this pullback in check. Year-to-date, however, COST remains down 12%.</p><p>Taking a closer look at the options pits, bears have been more active than usual. In fact, Costco stock&#39;s Schaeffer&#39;s put/call open interest ratio of 1.75 sits in the highest percentile of annual reading. Furthermore, at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity sports a 50-day put/call volume ratio of 0.95, which stands higher than 86% of reading from the past 12 months. Both of these readings indicated a healthier-than-usual appetite for bearish bets.</p></body></html>","source":"lsy1653551688042","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>Costco Gears Up for This Week's Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCostco Gears Up for This Week's Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-21 13:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.schaeffersresearch.com/content/analysis/2022/09/20/costco-gears-up-for-this-weeks-earnings><strong>Schaeffer's Research</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Costco Wholesale Corporation is set to step into the earnings confessional after the close on Thursday, Sept. 22. The mega-retailer will report fiscal fourth-quarter results, in which analysts ...</p>\n\n<a href=\"https://www.schaeffersresearch.com/content/analysis/2022/09/20/costco-gears-up-for-this-weeks-earnings\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COST":"好市多"},"source_url":"https://www.schaeffersresearch.com/content/analysis/2022/09/20/costco-gears-up-for-this-weeks-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168851420","content_text":"Costco Wholesale Corporation is set to step into the earnings confessional after the close on Thursday, Sept. 22. The mega-retailer will report fiscal fourth-quarter results, in which analysts anticipate earnings of $4.17 per share on revenue of $70.8 billion, as well as an increase of 13.7% for same-store sales.Looking back at the last eight quarters, COST sports a mixed bag when it comes to post-earnings sessions. However, the shares moved higher in three of its last four, losing 1.4% the day after reporting back in March. This time around, the options pits are pricing in a 6% swing, regardless of direction, which is nearly triple the 2.2% move the shares have averaged over the last two years.Today, Costco stock was last seen 1.6% lower to trade at $498.54. The security logged three weekly losses in the last four, though the 320-day moving average is keeping this pullback in check. Year-to-date, however, COST remains down 12%.Taking a closer look at the options pits, bears have been more active than usual. In fact, Costco stock's Schaeffer's put/call open interest ratio of 1.75 sits in the highest percentile of annual reading. Furthermore, at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity sports a 50-day put/call volume ratio of 0.95, which stands higher than 86% of reading from the past 12 months. Both of these readings indicated a healthier-than-usual appetite for bearish bets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058848187,"gmtCreate":1654824201149,"gmtModify":1676535517569,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058848187","repostId":"2242693333","repostType":4,"repost":{"id":"2242693333","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":1654820205,"share":"https://ttm.financial/m/news/2242693333?lang=&edition=fundamental","pubTime":"2022-06-10 08:16","market":"us","language":"en","title":"Stitch Fix Stock Sinks 16% toward All-Time Low as Revenue and Users Fall, Layoffs Confirmed","url":"https://stock-news.laohu8.com/highlight/detail?id=2242693333","media":"Dow Jones","summary":"Shares fall more than 15% in after-hours trading following earnings report that shows loss of roughl","content":"<html><head></head><body><p>Shares fall more than 15% in after-hours trading following earnings report that shows loss of roughly 200,000 customers in the past year</p><p><a href=\"https://laohu8.com/S/SFIX\">Stitch Fix Inc.</a> on Thursday reported a decrease in sales and users, and confirmed a media report that it is laying off 15% of its salaried employees.</p><p>Stitch Fix (SFIX) shares fell more than 16% in extended trading and were trading at their all-time closing low after decreasing about 10.5% in the regular session to close at $7.78 following a news report about the layoffs. Stitch Fix shares have never traded for lower than $6.71 in a regular trading session, but shares traded for lower than that in after-hours trading Thursday.</p><p><img src=\"https://static.tigerbbs.com/5c5789960a9cde9e4050bcd6a51de41f\" tg-width=\"827\" tg-height=\"845\" referrerpolicy=\"no-referrer\"/></p><p>On the company&#39;s earnings call, Chief Executive Elizabeth Spaulding said Stitch Fix is undergoing both a transformation from providing online subscriptions to building up what she called its &#34;freestyle&#34; business, and a restructuring that includes layoffs of about 330 people, which amounts to a 4% cut of the company&#39;s total workforce.</p><p>&#34;We are confident in the strategy we have in place,&#34; she said, later adding that the restructuring is happening now because &#34;we know we&#39;re in a tough macroeconomic time period&#34; and want to prepare for future growth and profitability.</p><p>Dan Jedda, the company&#39;s chief financial officer, said on the call that the restructuring is expected to yield annual savings of $40 million to $60 million in fiscal-year 2023, though the labor savings will be immediate. He also mentioned that the company is looking into &#34;rationalization of our real estate footprint,&#34; and talked about other challenges, such as &#34;uncertainties that others in our industry are facing,&#34; including shipping delays, as well as higher product and shipping costs because of inflation.</p><p>Stitch Fix said it had 200,000 fewer clients year over year, with a total of 3.9 million in the third quarter. Analysts had expected almost 3.99 million clients for the quarter.</p><p>Stitch Fix reported a third-quarter net loss of $78 million, or 72 cents a share, compared with a loss of $18.8 million, or 18 cents a share, in the year-ago period. Revenue decreased to $492.9 million from $535.6 million in the year-ago quarter.</p><p>Analysts surveyed by FactSet had forecast an adjusted net loss of 56 cents a share on revenue of $493.3 million.</p><p>Stitch Fix expects fourth-quarter revenue of $485 million to $495 million. Analysts were forecasting a net loss of 50 cents a share on revenue of $494.1 million.</p><p>Shares of Stitch Fix have fallen almost 59% year to date. Meanwhile, the S&amp;P 500   index is down about 15% so far this year.</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>Stitch Fix Stock Sinks 16% toward All-Time Low as Revenue and Users Fall, Layoffs Confirmed</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\">\nStitch Fix Stock Sinks 16% toward All-Time Low as Revenue and Users Fall, Layoffs Confirmed\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\">2022-06-10 08:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares fall more than 15% in after-hours trading following earnings report that shows loss of roughly 200,000 customers in the past year</p><p><a href=\"https://laohu8.com/S/SFIX\">Stitch Fix Inc.</a> on Thursday reported a decrease in sales and users, and confirmed a media report that it is laying off 15% of its salaried employees.</p><p>Stitch Fix (SFIX) shares fell more than 16% in extended trading and were trading at their all-time closing low after decreasing about 10.5% in the regular session to close at $7.78 following a news report about the layoffs. Stitch Fix shares have never traded for lower than $6.71 in a regular trading session, but shares traded for lower than that in after-hours trading Thursday.</p><p><img src=\"https://static.tigerbbs.com/5c5789960a9cde9e4050bcd6a51de41f\" tg-width=\"827\" tg-height=\"845\" referrerpolicy=\"no-referrer\"/></p><p>On the company&#39;s earnings call, Chief Executive Elizabeth Spaulding said Stitch Fix is undergoing both a transformation from providing online subscriptions to building up what she called its &#34;freestyle&#34; business, and a restructuring that includes layoffs of about 330 people, which amounts to a 4% cut of the company&#39;s total workforce.</p><p>&#34;We are confident in the strategy we have in place,&#34; she said, later adding that the restructuring is happening now because &#34;we know we&#39;re in a tough macroeconomic time period&#34; and want to prepare for future growth and profitability.</p><p>Dan Jedda, the company&#39;s chief financial officer, said on the call that the restructuring is expected to yield annual savings of $40 million to $60 million in fiscal-year 2023, though the labor savings will be immediate. He also mentioned that the company is looking into &#34;rationalization of our real estate footprint,&#34; and talked about other challenges, such as &#34;uncertainties that others in our industry are facing,&#34; including shipping delays, as well as higher product and shipping costs because of inflation.</p><p>Stitch Fix said it had 200,000 fewer clients year over year, with a total of 3.9 million in the third quarter. Analysts had expected almost 3.99 million clients for the quarter.</p><p>Stitch Fix reported a third-quarter net loss of $78 million, or 72 cents a share, compared with a loss of $18.8 million, or 18 cents a share, in the year-ago period. Revenue decreased to $492.9 million from $535.6 million in the year-ago quarter.</p><p>Analysts surveyed by FactSet had forecast an adjusted net loss of 56 cents a share on revenue of $493.3 million.</p><p>Stitch Fix expects fourth-quarter revenue of $485 million to $495 million. Analysts were forecasting a net loss of 50 cents a share on revenue of $494.1 million.</p><p>Shares of Stitch Fix have fallen almost 59% year to date. Meanwhile, the S&amp;P 500   index is down about 15% so far this year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SFIX":"Stitch Fix Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242693333","content_text":"Shares fall more than 15% in after-hours trading following earnings report that shows loss of roughly 200,000 customers in the past yearStitch Fix Inc. on Thursday reported a decrease in sales and users, and confirmed a media report that it is laying off 15% of its salaried employees.Stitch Fix (SFIX) shares fell more than 16% in extended trading and were trading at their all-time closing low after decreasing about 10.5% in the regular session to close at $7.78 following a news report about the layoffs. Stitch Fix shares have never traded for lower than $6.71 in a regular trading session, but shares traded for lower than that in after-hours trading Thursday.On the company's earnings call, Chief Executive Elizabeth Spaulding said Stitch Fix is undergoing both a transformation from providing online subscriptions to building up what she called its \"freestyle\" business, and a restructuring that includes layoffs of about 330 people, which amounts to a 4% cut of the company's total workforce.\"We are confident in the strategy we have in place,\" she said, later adding that the restructuring is happening now because \"we know we're in a tough macroeconomic time period\" and want to prepare for future growth and profitability.Dan Jedda, the company's chief financial officer, said on the call that the restructuring is expected to yield annual savings of $40 million to $60 million in fiscal-year 2023, though the labor savings will be immediate. He also mentioned that the company is looking into \"rationalization of our real estate footprint,\" and talked about other challenges, such as \"uncertainties that others in our industry are facing,\" including shipping delays, as well as higher product and shipping costs because of inflation.Stitch Fix said it had 200,000 fewer clients year over year, with a total of 3.9 million in the third quarter. Analysts had expected almost 3.99 million clients for the quarter.Stitch Fix reported a third-quarter net loss of $78 million, or 72 cents a share, compared with a loss of $18.8 million, or 18 cents a share, in the year-ago period. Revenue decreased to $492.9 million from $535.6 million in the year-ago quarter.Analysts surveyed by FactSet had forecast an adjusted net loss of 56 cents a share on revenue of $493.3 million.Stitch Fix expects fourth-quarter revenue of $485 million to $495 million. Analysts were forecasting a net loss of 50 cents a share on revenue of $494.1 million.Shares of Stitch Fix have fallen almost 59% year to date. Meanwhile, the S&P 500   index is down about 15% so far this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9053405809,"gmtCreate":1654566918601,"gmtModify":1676535470466,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053405809","repostId":"1182189851","repostType":4,"repost":{"id":"1182189851","pubTimestamp":1654565375,"share":"https://ttm.financial/m/news/1182189851?lang=&edition=fundamental","pubTime":"2022-06-07 09:29","market":"other","language":"en","title":"Australia Household Sentiment Slumps to Lowest Since August 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=1182189851","media":"Bloomberg","summary":"Australian consumer sentiment dropped last week to the lowest level since August 2020 as inflation e","content":"<html><head></head><body><p>Australian consumer sentiment dropped last week to the lowest level since August 2020 as inflation expectations advanced further and households’ concern about their finances deepened.</p><p>The weekly gauge of confidence tumbled 4.1% to 87 in the period May 30-June 5, indicating pessimists far outweigh optimists, Australia and New Zealand Banking Group Ltd. said in a statement Tuesday. All five sub-indices registered losses, while weekly inflation expectations accelerated to 5.7%.</p><p><img src=\"https://static.tigerbbs.com/ca68885fc237c1e9f5aabad28e08c668\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>The result comes just hours before the Reserve Bank is expected to execute its first back-to-back interest-rate increase in 12 years. Sentiment has been weakening in recent times amid fears that higher mortgage repayments will further squeeze Australia’s heavily indebted households, already under pressure from rapid inflation and still-tepid wages growth.</p><p>Ahead of today’s RBA meeting, Treasurer Jim Chalmers warned of significant financial stress for households.</p><p>“We are in the midst of a full-blown cost of living crisis and electricity prices and gas prices are unfortunately part of that pain,” he told Channel 7.</p><p>“Our job, as the government, is to make sure that after some of this near-term cost of living relief runs out, that it is replaced by responsible, long-term, sustainable cost of living relief.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia Household Sentiment Slumps to Lowest Since August 2020</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\">\nAustralia Household Sentiment Slumps to Lowest Since August 2020\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 09:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-06-07/australia-household-sentiment-slumps-to-lowest-since-august-2020><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian consumer sentiment dropped last week to the lowest level since August 2020 as inflation expectations advanced further and households’ concern about their finances deepened.The weekly gauge ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-06-07/australia-household-sentiment-slumps-to-lowest-since-august-2020\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-06-07/australia-household-sentiment-slumps-to-lowest-since-august-2020","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182189851","content_text":"Australian consumer sentiment dropped last week to the lowest level since August 2020 as inflation expectations advanced further and households’ concern about their finances deepened.The weekly gauge of confidence tumbled 4.1% to 87 in the period May 30-June 5, indicating pessimists far outweigh optimists, Australia and New Zealand Banking Group Ltd. said in a statement Tuesday. All five sub-indices registered losses, while weekly inflation expectations accelerated to 5.7%.The result comes just hours before the Reserve Bank is expected to execute its first back-to-back interest-rate increase in 12 years. Sentiment has been weakening in recent times amid fears that higher mortgage repayments will further squeeze Australia’s heavily indebted households, already under pressure from rapid inflation and still-tepid wages growth.Ahead of today’s RBA meeting, Treasurer Jim Chalmers warned of significant financial stress for households.“We are in the midst of a full-blown cost of living crisis and electricity prices and gas prices are unfortunately part of that pain,” he told Channel 7.“Our job, as the government, is to make sure that after some of this near-term cost of living relief runs out, that it is replaced by responsible, long-term, sustainable cost of living relief.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007819010,"gmtCreate":1642821268150,"gmtModify":1676533750377,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"like thanks","listText":"like thanks","text":"like thanks","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007819010","repostId":"2205302378","repostType":4,"repost":{"id":"2205302378","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":1642800688,"share":"https://ttm.financial/m/news/2205302378?lang=&edition=fundamental","pubTime":"2022-01-22 05:31","market":"us","language":"en","title":"US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide","url":"https://stock-news.laohu8.com/highlight/detail?id=2205302378","media":"Reuters","summary":"* Netflix plunges, weighs on Disney, media stocks* S&P 500, Nasdaq have biggest weekly drops since March 2020* Focus turning to Fed meeting for clarity on policy* Indexes down: Dow 1.3%, S&P 1.89%, Na","content":"<html><head></head><body><p>* Netflix plunges, weighs on Disney, media stocks</p><p>* S&amp;P 500, Nasdaq have biggest weekly drops since March 2020</p><p>* Focus turning to Fed meeting for clarity on policy</p><p>* Indexes down: Dow 1.3%, S&amp;P 1.89%, Nasdaq 2.72%</p><p>Jan 21 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&amp;P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.</p><p>The benchmark S&amp;P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.</p><p>Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.</p><p>Netflix    shares tumbled 21.8%, weighing on the S&amp;P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.</p><p>&#34;It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. &#34;It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.&#34;</p><p>The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&amp;P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.</p><p>For the week, the S&amp;P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.</p><p>The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.</p><p>The S&amp;P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.</p><p>&#34;When markets get like they&#39;ve gotten this week, the emotion is what takes over,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group. &#34;Until it finds support, no <a href=\"https://laohu8.com/S/AONE.U\">one</a>&#39;s going care about anything fundamental.&#34;</p><p>Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.</p><p>Investors are keenly focused on next week&#39;s Fed meeting for more clarity on the central bank&#39;s plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.</p><p>“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.</p><p>Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.</p><p>About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-22 05:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Netflix plunges, weighs on Disney, media stocks</p><p>* S&amp;P 500, Nasdaq have biggest weekly drops since March 2020</p><p>* Focus turning to Fed meeting for clarity on policy</p><p>* Indexes down: Dow 1.3%, S&amp;P 1.89%, Nasdaq 2.72%</p><p>Jan 21 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&amp;P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.</p><p>The benchmark S&amp;P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.</p><p>Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.</p><p>Netflix    shares tumbled 21.8%, weighing on the S&amp;P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.</p><p>&#34;It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. &#34;It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.&#34;</p><p>The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&amp;P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.</p><p>For the week, the S&amp;P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.</p><p>The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.</p><p>The S&amp;P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.</p><p>&#34;When markets get like they&#39;ve gotten this week, the emotion is what takes over,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group. &#34;Until it finds support, no <a href=\"https://laohu8.com/S/AONE.U\">one</a>&#39;s going care about anything fundamental.&#34;</p><p>Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.</p><p>Investors are keenly focused on next week&#39;s Fed meeting for more clarity on the central bank&#39;s plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.</p><p>“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.</p><p>Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.</p><p>About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","NFLX":"奈飞","BK4566":"资本集团","BK4524":"宅经济概念","SPY":"标普500ETF","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4551":"寇图资本持仓",".DJI":"道琼斯","BK4504":"桥水持仓",".IXIC":"NASDAQ Composite","BK4548":"巴美列捷福持仓","HUT":"Hut 8 Mining Corp",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2205302378","content_text":"* Netflix plunges, weighs on Disney, media stocks* S&P 500, Nasdaq have biggest weekly drops since March 2020* Focus turning to Fed meeting for clarity on policy* Indexes down: Dow 1.3%, S&P 1.89%, Nasdaq 2.72%Jan 21 (Reuters) - Wall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.The benchmark S&P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.Netflix    shares tumbled 21.8%, weighing on the S&P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.\"It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. \"It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.\"The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.For the week, the S&P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.The S&P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.\"When markets get like they've gotten this week, the emotion is what takes over,\" said Jim Paulsen, chief investment strategist at The Leuthold Group. \"Until it finds support, no one's going care about anything fundamental.\"Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.Investors are keenly focused on next week's Fed meeting for more clarity on the central bank's plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.The S&P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071718726,"gmtCreate":1657585548165,"gmtModify":1676536029640,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071718726","repostId":"2250796249","repostType":4,"repost":{"id":"2250796249","pubTimestamp":1657583580,"share":"https://ttm.financial/m/news/2250796249?lang=&edition=fundamental","pubTime":"2022-07-12 07:53","market":"us","language":"en","title":"GameStop Launches NFT Platform Amid Broader Company Shakeup","url":"https://stock-news.laohu8.com/highlight/detail?id=2250796249","media":"Yahoo Finance","summary":"GameStop  has launched its NFT marketplace, the company announced Monday.The marketplace is accessib","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GME\">GameStop </a> has launched its NFT marketplace, the company announced Monday.</p><p>The marketplace is accessible for a crypto wallets such as MetaMask and GameStop&#39;s own recently created wallet.</p><p>&#34;The Company’s NFT marketplace is a non-custodial, Ethereum Layer 2-based marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain,&#34; GameStop said in its release. &#34;Over time, the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments.&#34;</p><p>In a company-wide email shared with Yahoo Finance, GameStop&#39;s chief executive officer Matthew Furlong noted that the effort came after partnerships with the crypto infrastructure builder Immutable and the 2nd-layer application Loopring, which allows developers to build crypto exchanges on top of Ethereum.</p><p>Loopring tokens (LRC-USD) were up as much as 4% following this news.</p><p>GameStop shares were little-changed in after hours trading.</p><p>&#34;Our leadership team is committed to profitably growing our commerce business and launching new products, including those developed by our blockchain team,&#34; Furlong wrote. &#34;Executing on these objectives will position us to evolve with our customers as collectibles, entertainment and gaming become increasingly intertwined with the digital asset and web3 communities.&#34;</p><p>This announcement comes after a busy week for GameStop, with the company proposing a 4-for-1 stock split, announcing its CFO would leave the business, and outlining out plans to fire 25% of its corporate staff.</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>GameStop Launches NFT Platform Amid Broader Company Shakeup</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; 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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\">\nGameStop Launches NFT Platform Amid Broader Company Shakeup\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-12 07:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/game-stop-launches-nft-platform-211953815.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop  has launched its NFT marketplace, the company announced Monday.The marketplace is accessible for a crypto wallets such as MetaMask and GameStop's own recently created wallet.\"The Company’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/game-stop-launches-nft-platform-211953815.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://finance.yahoo.com/news/game-stop-launches-nft-platform-211953815.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2250796249","content_text":"GameStop  has launched its NFT marketplace, the company announced Monday.The marketplace is accessible for a crypto wallets such as MetaMask and GameStop's own recently created wallet.\"The Company’s NFT marketplace is a non-custodial, Ethereum Layer 2-based marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain,\" GameStop said in its release. \"Over time, the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments.\"In a company-wide email shared with Yahoo Finance, GameStop's chief executive officer Matthew Furlong noted that the effort came after partnerships with the crypto infrastructure builder Immutable and the 2nd-layer application Loopring, which allows developers to build crypto exchanges on top of Ethereum.Loopring tokens (LRC-USD) were up as much as 4% following this news.GameStop shares were little-changed in after hours trading.\"Our leadership team is committed to profitably growing our commerce business and launching new products, including those developed by our blockchain team,\" Furlong wrote. \"Executing on these objectives will position us to evolve with our customers as collectibles, entertainment and gaming become increasingly intertwined with the digital asset and web3 communities.\"This announcement comes after a busy week for GameStop, with the company proposing a 4-for-1 stock split, announcing its CFO would leave the business, and outlining out plans to fire 25% of its corporate staff.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090306396,"gmtCreate":1643074320125,"gmtModify":1676533771599,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"&nbsp;please like thanks&nbsp;","listText":"&nbsp;please like thanks&nbsp;","text":"please like thanks","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090306396","repostId":"2206888965","repostType":4,"repost":{"id":"2206888965","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":1643064873,"share":"https://ttm.financial/m/news/2206888965?lang=&edition=fundamental","pubTime":"2022-01-25 06:54","market":"us","language":"en","title":"Wall Street Reverses, Ends Higher in Late Session Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=2206888965","media":"Reuters","summary":"Kohl's surges as Sycamore, Acacia show takeover interestIBM climbs in after hours trading after post","content":"<html><head></head><body><ul><li>Kohl&#39;s surges as Sycamore, Acacia show takeover interest</li><li>IBM climbs in after hours trading after posting results</li><li>Indexes up: Dow 0.29%, S&amp;P 0.28%, Nasdaq 0.63%</li></ul><p>NEW YORK, Jan 24 (Reuters) - Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell.</p><p>The S&amp;P 500 earlier came close to confirming a correction by appearing on track to close more than 10% down from its most recent all-time high reached on Jan 3 as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions.</p><p>The S&amp;P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic.</p><p>Earlier in the day, the indexes were all more than 2% lower. The S&amp;P appeared to be on course to confirm a correction, and the Russell 2000 looked as if it would confirm it was in a bear market.</p><p>This abrupt, late-session U-turn came in the wake of S&amp;P 500 and the Nasdaq suffering their largest weekly percentage plunge since March 2020, when shutdowns to contain the pandemic sent the economy spiraling into its steepest and most abrupt recession on record.</p><p>&#34;Correction territory is often a psychological sweet spot for investors. They see the correction, and they see that it&#39;s a healthy part of the markets,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.</p><p>&#34;When everything started selling off, that got a lot of people&#39;s attention, so I think we had what I would call intraday capitulation, getting some of this easy money out of the market,&#34; Dollarhide added.</p><p>The U.S. Federal Reserve is due to convene its two-day monetary policy meeting on Tuesday, and market participants will be parsing its concluding statement and Chairman Jerome Powell&#39;s subsequent Q&amp;A session for clues as to the central bank&#39;s timeline for hiking key interest rates to combat inflation.</p><p>&#34;I think investors are over-assuming a very hawkish stance by the Fed,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York. &#34;Granted, inflation is high and is likely to get higher before it starts to decline. Specifically we see the headline CPI topping at 7.3% for both January and February, but then coming down to 3.5% by year-end.&#34;</p><p>In a sign that geopolitical tensions are heating up, NATO announced it was putting forces on standby to prepare for a potential conflictbetween Russia and Ukraine.</p><p>The threat of potential conflict in that region helped U.S. Treasury yields dip, pausing their recent upward climb, which has pressured stocks in recent months.</p><p>The Dow Jones Industrial Average rose 99.13 points, or 0.29%, to 34,364.5, the S&amp;P 500 gained 12.19 points, or 0.28%, to 4,410.13 and the Nasdaq Composite added 86.21 points, or 0.63%, to 13,855.13.</p><p>All 11 major sectors of the S&amp;P 500 spent most of the trading day deep in red territory, but by market close all but three were green. Consumer discretionary enjoyed the largest percentage gain.</p><p>Fourth-quarter reporting season is in full swing, with 65 of the companies in the S&amp;P 500 having posted results. Of those, 77% have come in above expectations, according to data from Refinitiv.</p><p>On aggregate, analysts now see S&amp;P 500 annual EPS growth of 23.7%, per Refinitiv.</p><p>A series of disappointing earnings from big banks and, notably, lockdown darling Netflix Inc have overshadowed many better-than-expected results.</p><p>Shares of International Business Machines gained about 2% in after-hours trading after the company beat revenue expectations on the strength of its cloud and consulting businesses.</p><p>Kohl&#39;s Corp surged after Reuters reported private equity firm Sycamore Partners is preparing to make a bid for the department store chain days after a consortium backed by activist investment firm Starboard Value proposed a buyout.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 31 new lows; the Nasdaq Composite recorded four new highs and 1,319 new lows.</p><p>Volume on U.S. exchanges was 18.42 billion shares, compared with the 10.95 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Reverses, Ends Higher in Late Session Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Reverses, Ends Higher in Late Session Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-25 06:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Kohl&#39;s surges as Sycamore, Acacia show takeover interest</li><li>IBM climbs in after hours trading after posting results</li><li>Indexes up: Dow 0.29%, S&amp;P 0.28%, Nasdaq 0.63%</li></ul><p>NEW YORK, Jan 24 (Reuters) - Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell.</p><p>The S&amp;P 500 earlier came close to confirming a correction by appearing on track to close more than 10% down from its most recent all-time high reached on Jan 3 as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions.</p><p>The S&amp;P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic.</p><p>Earlier in the day, the indexes were all more than 2% lower. The S&amp;P appeared to be on course to confirm a correction, and the Russell 2000 looked as if it would confirm it was in a bear market.</p><p>This abrupt, late-session U-turn came in the wake of S&amp;P 500 and the Nasdaq suffering their largest weekly percentage plunge since March 2020, when shutdowns to contain the pandemic sent the economy spiraling into its steepest and most abrupt recession on record.</p><p>&#34;Correction territory is often a psychological sweet spot for investors. They see the correction, and they see that it&#39;s a healthy part of the markets,&#34; said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.</p><p>&#34;When everything started selling off, that got a lot of people&#39;s attention, so I think we had what I would call intraday capitulation, getting some of this easy money out of the market,&#34; Dollarhide added.</p><p>The U.S. Federal Reserve is due to convene its two-day monetary policy meeting on Tuesday, and market participants will be parsing its concluding statement and Chairman Jerome Powell&#39;s subsequent Q&amp;A session for clues as to the central bank&#39;s timeline for hiking key interest rates to combat inflation.</p><p>&#34;I think investors are over-assuming a very hawkish stance by the Fed,&#34; said Sam Stovall, chief investment strategist of CFRA Research in New York. &#34;Granted, inflation is high and is likely to get higher before it starts to decline. Specifically we see the headline CPI topping at 7.3% for both January and February, but then coming down to 3.5% by year-end.&#34;</p><p>In a sign that geopolitical tensions are heating up, NATO announced it was putting forces on standby to prepare for a potential conflictbetween Russia and Ukraine.</p><p>The threat of potential conflict in that region helped U.S. Treasury yields dip, pausing their recent upward climb, which has pressured stocks in recent months.</p><p>The Dow Jones Industrial Average rose 99.13 points, or 0.29%, to 34,364.5, the S&amp;P 500 gained 12.19 points, or 0.28%, to 4,410.13 and the Nasdaq Composite added 86.21 points, or 0.63%, to 13,855.13.</p><p>All 11 major sectors of the S&amp;P 500 spent most of the trading day deep in red territory, but by market close all but three were green. Consumer discretionary enjoyed the largest percentage gain.</p><p>Fourth-quarter reporting season is in full swing, with 65 of the companies in the S&amp;P 500 having posted results. Of those, 77% have come in above expectations, according to data from Refinitiv.</p><p>On aggregate, analysts now see S&amp;P 500 annual EPS growth of 23.7%, per Refinitiv.</p><p>A series of disappointing earnings from big banks and, notably, lockdown darling Netflix Inc have overshadowed many better-than-expected results.</p><p>Shares of International Business Machines gained about 2% in after-hours trading after the company beat revenue expectations on the strength of its cloud and consulting businesses.</p><p>Kohl&#39;s Corp surged after Reuters reported private equity firm Sycamore Partners is preparing to make a bid for the department store chain days after a consortium backed by activist investment firm Starboard Value proposed a buyout.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 31 new lows; the Nasdaq Composite recorded four new highs and 1,319 new lows.</p><p>Volume on U.S. exchanges was 18.42 billion shares, compared with the 10.95 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","BK4559":"巴菲特持仓","BK4504":"桥水持仓","BK4534":"瑞士信贷持仓",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2206888965","content_text":"Kohl's surges as Sycamore, Acacia show takeover interestIBM climbs in after hours trading after posting resultsIndexes up: Dow 0.29%, S&P 0.28%, Nasdaq 0.63%NEW YORK, Jan 24 (Reuters) - Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell.The S&P 500 earlier came close to confirming a correction by appearing on track to close more than 10% down from its most recent all-time high reached on Jan 3 as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions.The S&P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic.Earlier in the day, the indexes were all more than 2% lower. The S&P appeared to be on course to confirm a correction, and the Russell 2000 looked as if it would confirm it was in a bear market.This abrupt, late-session U-turn came in the wake of S&P 500 and the Nasdaq suffering their largest weekly percentage plunge since March 2020, when shutdowns to contain the pandemic sent the economy spiraling into its steepest and most abrupt recession on record.\"Correction territory is often a psychological sweet spot for investors. They see the correction, and they see that it's a healthy part of the markets,\" said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.\"When everything started selling off, that got a lot of people's attention, so I think we had what I would call intraday capitulation, getting some of this easy money out of the market,\" Dollarhide added.The U.S. Federal Reserve is due to convene its two-day monetary policy meeting on Tuesday, and market participants will be parsing its concluding statement and Chairman Jerome Powell's subsequent Q&A session for clues as to the central bank's timeline for hiking key interest rates to combat inflation.\"I think investors are over-assuming a very hawkish stance by the Fed,\" said Sam Stovall, chief investment strategist of CFRA Research in New York. \"Granted, inflation is high and is likely to get higher before it starts to decline. Specifically we see the headline CPI topping at 7.3% for both January and February, but then coming down to 3.5% by year-end.\"In a sign that geopolitical tensions are heating up, NATO announced it was putting forces on standby to prepare for a potential conflictbetween Russia and Ukraine.The threat of potential conflict in that region helped U.S. Treasury yields dip, pausing their recent upward climb, which has pressured stocks in recent months.The Dow Jones Industrial Average rose 99.13 points, or 0.29%, to 34,364.5, the S&P 500 gained 12.19 points, or 0.28%, to 4,410.13 and the Nasdaq Composite added 86.21 points, or 0.63%, to 13,855.13.All 11 major sectors of the S&P 500 spent most of the trading day deep in red territory, but by market close all but three were green. Consumer discretionary enjoyed the largest percentage gain.Fourth-quarter reporting season is in full swing, with 65 of the companies in the S&P 500 having posted results. Of those, 77% have come in above expectations, according to data from Refinitiv.On aggregate, analysts now see S&P 500 annual EPS growth of 23.7%, per Refinitiv.A series of disappointing earnings from big banks and, notably, lockdown darling Netflix Inc have overshadowed many better-than-expected results.Shares of International Business Machines gained about 2% in after-hours trading after the company beat revenue expectations on the strength of its cloud and consulting businesses.Kohl's Corp surged after Reuters reported private equity firm Sycamore Partners is preparing to make a bid for the department store chain days after a consortium backed by activist investment firm Starboard Value proposed a buyout.Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.08-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 31 new lows; the Nasdaq Composite recorded four new highs and 1,319 new lows.Volume on U.S. exchanges was 18.42 billion shares, compared with the 10.95 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996787565,"gmtCreate":1661216513159,"gmtModify":1676536476102,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996787565","repostId":"1131026217","repostType":4,"repost":{"id":"1131026217","pubTimestamp":1661212670,"share":"https://ttm.financial/m/news/1131026217?lang=&edition=fundamental","pubTime":"2022-08-23 07:57","market":"us","language":"en","title":"TSLA Stock Falls as Tesla Hikes FSD Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1131026217","media":"InvestorPlace","summary":"Elon Musk has announced that Tesla(TSLA) is preparing for an important price hike.The company's full","content":"<html><head></head><body><ul><li>Elon Musk has announced that <b>Tesla</b>(<b>TSLA</b>) is preparing for an important price hike.</li><li>The company&#39;s full-self driving (FSD) package will cost $15,000 in September.</li><li>TSLA stock is falling as investors wonder if the product is worth the price.</li></ul><p><b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) is starting this week off in the red. TSLA stock will begin trading on a split basis later in the week, but today’s decline is due to a separate catalyst. Elon Musk has announced Tesla will be raising the price of its Full Self-Driving (FSD) system, its premium driver assistance software. Currently priced at $12,000, the product will be sold for $15,o0o starting Sept. 5, representing a 25% markup.</p><p>As <i>CNBC</i> reports, “All new Tesla vehicles come with a standard driver assistance package called Autopilot, which includes features like ‘Traffic-Aware Cruise Control’ and ‘Autosteer.’ These rely on cameras, other sensors, hardware and software to automatically keep a Tesla vehicle centered in its lane and traveling at the speed of surrounding traffic.”</p><p>Tesla’s FSD technology has generated plenty of controversy as it has progressed. But Musk clearly thinks demand will increase enough in the coming year to justify a price hike. Let’s dive into what TSLA stock investors can expect both before and after the FSD price hike.</p><p><b>What it Means for TSLA Stock</b></p><p>TSLA stock quickly fell after markets opened today. But Musk had already announced this news over the weekend through his favorite medium. On the morning of Aug. 21, he tweeted the following message, also highlighting the long-awaited 10.69.2 Beta update:</p><p><img src=\"https://static.tigerbbs.com/c6e54444c98b1ad9211420004b1977d0\" tg-width=\"517\" tg-height=\"402\" width=\"100%\" height=\"auto\"/></p><p>In a comment on the post, Musk also noted that Tesla owners can upgrade their existing cars to FSD in two minutes by using the company’s app.<i>Electrek</i> reports Tesla rolled out the upgrade to 1,000 testers over the weekend. The outlet highlights the patch notes posted online appeared similar to leaked notes from the 10.13 beta upgrade, citing improvements to left turns and animal and pedestrian detection. While this sounds like positive improvements, Musk’s announcement raises one important question: is the product worth the price hike?</p><p>One expert doesn’t think so. John Koetsier is an AI and tech expert and host of the popular podcastTechFirst. He commented on Musk’s tweeted stating, “Way too expensive. You’re going to drive people to other car brands that include it.” When someone asked him to name examples of other companies providing a similar FSD software, Koetsier cited the Cadillac Super Cruise package. This alternative is offered by <b>General Motors</b>(NYSE:<b>GM</b>) for substantially less than Tesla’s equivalent. In early 2022, <i>Input</i> reported the following:</p><blockquote>“GM’s Super Cruise is making a play to become the gold standard for driving assist. While it takes a longer time to establish the Super Cruise network compared to Tesla’s approach, GM is well on its way to making it available on major highways and roads. Super Cruise, like Tesla’s Autopilot, is subscription-based, and costs $25 a month, though it does come free for three years with most GM vehicles.”</blockquote><p>The current monthly subscription cost for Tesla’s FSD package is $199. Next to that, GM’s option looks like an excellent deal. While it’s true that most other automakers aren’t offering similar products, Koetsier also states others will follow.<b>Ford</b>(NYSE:<b><u>F</u></b>) is already introducing the BlueCruise system, formerly known as Active Driver Assist.</p><p><b>The Road Ahead</b></p><p>While these companies haven’t been able to rival Tesla’s electric vehicle (EV) sales, FSD is a new type of technology that is poised to grow in popularity. Companies that are early to the party will have at least a chance at securing a market share, particularly as Tesla’s FSD tech has been flamed for multiple accidents. If another automaker’s driver assistance tech can help garner public trust, it could push TSLA stock down.</p><p>As such, it doesn’t make sense for Tesla to be raising prices at such a critical time. TSLA stock tell after the company raised EV prices in June 2022. Since demand for FSD packages isn’t as high as it is for Tesla vehicles, these price hikes could push it down even further.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSLA Stock Falls as Tesla Hikes FSD Prices</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\">\nTSLA Stock Falls as Tesla Hikes FSD Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-23 07:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/tsla-stock-falls-as-tesla-hikes-fsd-prices/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk has announced that Tesla(TSLA) is preparing for an important price hike.The company's full-self driving (FSD) package will cost $15,000 in September.TSLA stock is falling as investors wonder...</p>\n\n<a href=\"https://investorplace.com/2022/08/tsla-stock-falls-as-tesla-hikes-fsd-prices/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2022/08/tsla-stock-falls-as-tesla-hikes-fsd-prices/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131026217","content_text":"Elon Musk has announced that Tesla(TSLA) is preparing for an important price hike.The company's full-self driving (FSD) package will cost $15,000 in September.TSLA stock is falling as investors wonder if the product is worth the price.Tesla(NASDAQ:TSLA) is starting this week off in the red. TSLA stock will begin trading on a split basis later in the week, but today’s decline is due to a separate catalyst. Elon Musk has announced Tesla will be raising the price of its Full Self-Driving (FSD) system, its premium driver assistance software. Currently priced at $12,000, the product will be sold for $15,o0o starting Sept. 5, representing a 25% markup.As CNBC reports, “All new Tesla vehicles come with a standard driver assistance package called Autopilot, which includes features like ‘Traffic-Aware Cruise Control’ and ‘Autosteer.’ These rely on cameras, other sensors, hardware and software to automatically keep a Tesla vehicle centered in its lane and traveling at the speed of surrounding traffic.”Tesla’s FSD technology has generated plenty of controversy as it has progressed. But Musk clearly thinks demand will increase enough in the coming year to justify a price hike. Let’s dive into what TSLA stock investors can expect both before and after the FSD price hike.What it Means for TSLA StockTSLA stock quickly fell after markets opened today. But Musk had already announced this news over the weekend through his favorite medium. On the morning of Aug. 21, he tweeted the following message, also highlighting the long-awaited 10.69.2 Beta update:In a comment on the post, Musk also noted that Tesla owners can upgrade their existing cars to FSD in two minutes by using the company’s app.Electrek reports Tesla rolled out the upgrade to 1,000 testers over the weekend. The outlet highlights the patch notes posted online appeared similar to leaked notes from the 10.13 beta upgrade, citing improvements to left turns and animal and pedestrian detection. While this sounds like positive improvements, Musk’s announcement raises one important question: is the product worth the price hike?One expert doesn’t think so. John Koetsier is an AI and tech expert and host of the popular podcastTechFirst. He commented on Musk’s tweeted stating, “Way too expensive. You’re going to drive people to other car brands that include it.” When someone asked him to name examples of other companies providing a similar FSD software, Koetsier cited the Cadillac Super Cruise package. This alternative is offered by General Motors(NYSE:GM) for substantially less than Tesla’s equivalent. In early 2022, Input reported the following:“GM’s Super Cruise is making a play to become the gold standard for driving assist. While it takes a longer time to establish the Super Cruise network compared to Tesla’s approach, GM is well on its way to making it available on major highways and roads. Super Cruise, like Tesla’s Autopilot, is subscription-based, and costs $25 a month, though it does come free for three years with most GM vehicles.”The current monthly subscription cost for Tesla’s FSD package is $199. Next to that, GM’s option looks like an excellent deal. While it’s true that most other automakers aren’t offering similar products, Koetsier also states others will follow.Ford(NYSE:F) is already introducing the BlueCruise system, formerly known as Active Driver Assist.The Road AheadWhile these companies haven’t been able to rival Tesla’s electric vehicle (EV) sales, FSD is a new type of technology that is poised to grow in popularity. Companies that are early to the party will have at least a chance at securing a market share, particularly as Tesla’s FSD tech has been flamed for multiple accidents. If another automaker’s driver assistance tech can help garner public trust, it could push TSLA stock down.As such, it doesn’t make sense for Tesla to be raising prices at such a critical time. TSLA stock tell after the company raised EV prices in June 2022. Since demand for FSD packages isn’t as high as it is for Tesla vehicles, these price hikes could push it down even further.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057584317,"gmtCreate":1655527484339,"gmtModify":1676535657997,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057584317","repostId":"2244110047","repostType":4,"repost":{"id":"2244110047","pubTimestamp":1655508263,"share":"https://ttm.financial/m/news/2244110047?lang=&edition=fundamental","pubTime":"2022-06-18 07:24","language":"en","title":"ASX Weekly Review: Worst Week in Two Years Sets the Scene for a Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2244110047","media":"Small Caps","summary":"WEEKLY MARKET REPORTThere are market changes that hit like a hurricane and the past week is just suc","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/24a90970b23dba16783c0e72eef5497d\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>WEEKLY MARKET REPORT</p><p>There are market changes that hit like a hurricane and the past week is just such an event.</p><p>By the end of the week the ASX 200 index was down a staggering 6.6% at a 19-month low of 6474.8 points – more than a 15% fall from the record high of 7632.8 points recorded in the middle of August last year.</p><p>That’s not quite a bear market as yet but the trend is in that direction, looking more like the beginnings of the COVID-19 plunge to panic lows of 4816.6 points in 2020 than anything else in recent history.</p><h2>Big fall in just two weeks</h2><p>All told our market is down 10.8% in just two weeks, which is a fast, hefty fall by any measure.</p><p>The size of the portfolio dent depends on what stocks you hold but the damage is very widespread and there are not many ways to avoid a 15% index plunge across most sectors.</p><p>While the March 2020 plunge was followed by a handy rally over the rest of 2020 and particularly a great year in 2021, that fantastic year in Australia has already come close to having been effectively erased and the offshore leads are far from promising for any short-term fast recovery.</p><p>The US market as measured by the S&amp;P 500 is well into a bear market already, down 24% with the tech heavy NASDAQ down a whopping 33.6% from record highs hit in November last year.</p><h2>Interest rates rising fast across the world</h2><p>Those sorts of falls are being mirrored across many other global markets with most countries struggling to cope with runaway inflation, with higher interest rates the blunt weapon being reached for by central banks across the world.</p><p>Japan left its interest rates unchanged but a sheepish 0.25% rise by the Bank of England was gazumped by a surprise 0.5% rise out of Switzerland.</p><p>Rising rates are particularly pronounced in the US with the market swooning each time Federal Market Reserve chairman Jerome Powell makes it clear that he is determined to catch up with inflation, with the past week’s super-sized 0.75% rise in interest rates and another <a href=\"https://laohu8.com/S/AONE.U\">one</a> in prospect still seen as playing catch up.</p><h2>Risk of recession rising fast</h2><p>That has led to a deep-seated fear in markets that by the time inflation is brought under control the economy might have hit reverse and be in recession as early as this year.</p><p>While job markets remain tight and jobs are still plentiful, the fear is that this might quickly change as price rises quickly soak up discretionary spending and retailers are hit hard.</p><p>Mining stocks had a bad day on Friday, down 2.8% and the technology sector fell 2.4%.</p><p>Among some of the heavyweight mining stocks falling, <a href=\"https://laohu8.com/S/S32.AU\">South32</a> (ASX: S32) was down 5.9%, BHP (ASX: BHP) shares fell by 3.3%, Fortescue shares (ASX: FMG) fell by 5.3% and Rio Tinto (ASX: RIO) shares by 4.2%.</p><p>There was some respite among the gold miners which acted as a safe haven with <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> (ASX: EVN) shares up a solid 5.4%.</p><p>Banks were generally weaker with market leader Commonwealth Bank (ASX: CBA) doing the worst with a 3.6% fall.</p><p>Humm (ASX: HUM) shares fell almost 22% to 45c after a deal to sell its consumer finance group to Latitude Finance fell over.</p><h2>Small cap stock action</h2><p>The Small Ords index slipped an eye watering 6.48% for the week to close at 2669.9 points.</p><p><img src=\"https://static.tigerbbs.com/09ab4d9f0b60d2e9403c27c1fb678b59\" tg-width=\"640\" tg-height=\"212\" referrerpolicy=\"no-referrer\"/>ASX 200 vs Small Ords</p><p>Small cap companies making headlines this week were:</p><h3>GreenTech Metals (ASX: GRE)</h3><p>Swimming against the red tide this week was GreenTech Metals, which revealed initial assays from a 25-hole 3,838m reverse circulation program at its Whundo copper-zinc project in WA’s west Pilbara.</p><p>The company has received results from 22 of the holes, with notable intercepts of 32m at 2.43% copper from 75m, including 17m at 4.37% copper and 0.46% zinc from 90m, and 7m at 7.83% copper, 0.64% zinc and 26g/t gold; and 62m at 1.12% copper, 1.36% zinc and 0.36g/t gold, including 19m at 1.6% copper, 2.27% zinc and 0.51g/t gold.</p><p>Results also demonstrate the high-grade copper and zinc at Whundo persists beyond the current resource and is open down plunge.</p><p>GreenTech will incorporate all the assays into an updated resource for Whundo, which currently totals 2.7Mt at 1.14% copper and 1.14% zinc.</p><h3>Lunnon Metals (ASX: LM8)</h3><p>A maiden resource was unveiled for the Baker Shoot target within Lunnon Metals’ Kambalda nickel project in WA.</p><p>The Baker Shoot estimate totals 568,000t grading 2.8% nickel for 15,800t of contained nickel, with an indicated component of 295,000t at 2.75% nickel for 8,100t, and an inferred amount of 273,000t at 2.82% nickel for 7,700t.</p><p>Global resources for the wider Kambalda project now stand at 2.2Mt at 2.9% nickel for 64,300t of contained nickel.</p><p>“Baker highlights the prospectivity of our ground holdings in the world-renowned Kambalda nickel district and our ability to yield extensional and new discoveries on an ongoing basis,” Lunnon managing director Ed Ainscough said.</p><h3>Stavely Minerals (ASX: SVY)</h3><p>Another small cap to unveil a resource this week was Stavely Minerals, which says the maiden estimate for its Cayley Lode target was a “standout”.</p><p>Cayley Lode is within the wider Stavely copper-gold project in western Victoria and now has a resource of 9.3Mt at 1.2% copper, 0.2g/t gold and 7.1g/t silver for 252Mlb of copper, 65,000oz of gold and 2.1Moz silver.</p><p>Stavely executive chair Chris Cairns said the maiden resource for the Cayley Lode deposit was a “significant milestone” for the company.</p><p>Mr Cairns said the resource for Cayley Lode was just a starting point, with the deposit having “enormous” potential for continued resource growth.</p><h3>92 Energy (ASX: 92E)</h3><p>The highest level of radioactivity has been intersected to-date at the Gemini Mineralised Zone discovery, within 92 Energy’s wholly-owned Gemini project in Canada’s prolific Athabasca Basin.</p><p>In the second hole of the current program at GMZ, 92 Energy hit a maximum radioactivity of 26,100 counts per second.</p><p>Overall, a 47m interval was hit with an average radioactivity of 2,366cps.</p><p>Previous maximum radioactivity encountered at GMZ were 7,860cps and 15,780cps.</p><p>To fund its aggressive exploration program at Gemini along with preliminary activities at its other projects in the Athabasca Basin, 92 Energy is raising $8.7 million.</p><p>The funds are being raised through a flow-through share placement of almost 11.2 million shares at $0.78 each.</p><h3>Frontier Energy (ASX: FHE)</h3><p>Preliminary findings from a study indicate Frontier Energy could produce green hydrogen “significantly earlier” than expected at its Bristol Springs solar project in WA’s south west.</p><p>According to Frontier, the earlier than anticipated hydrogen generation is possible due to the Bristol Springs’ “unique location” near Waroona and its proximity to “significant existing infrastructure”.</p><p>Frontier managing director Mike Young said its location and proximity to infrastructure means the initial capital outlay would be “significantly less” compared to more remote projects.</p><p>The full study results will be released “in the coming months”.</p><h3><a href=\"https://laohu8.com/S/KZA.AU\">Kazia Therapeutics</a> (ASX: KZA)</h3><p>The US Food and Drug Administration has granted Kazia Therapeutics orphan drug designation for its lead candidate paxalisib in treating atypical rhabdoid/teratoid tumours (AT/RT).</p><p>These tumours are a rare and highly aggressive form of childhood brain cancer.</p><p>Recent data indicates treating AT/RT with paxalisib is an “important new opportunity” for the company, with this form of brain cancer “poorly served” by existing therapeutics.</p><p>Kazia has already secured orphan drug designation for paxalisib in treating malignant glioma in adults, and diffuse intrinsic pontine glioma (DIPG) in children.</p><p>Earlier in the week, Kazia presented “positive data” on paxalisib on AT/RT and DIPG at the 20th International Symposium on Pediatric Neuro-Oncology in Germany.</p><h2>The week ahead</h2><p>If you were hoping for a respite from the damages wrought by central bankers in the coming week, think again, with Reserve Bank Governor Philip Lowe set to deliver a speech on “Economic Outlook and Monetary Policy”</p><p>That, combined with the release of the RBA Board’s minutes from its last decision which raised official rates by 0.5% with the promise of more rises to come, should be enough to keep markets on tenterhooks about the RBA’s plan from here on.</p><p>Expect any hint that we could be in for another 0.5% rise next month to add plenty of unwelcome selling pressure to the Australian market.</p><p>Late on Friday Dr Lowe is also taking part in a UBS Panel discussion on “Central Banks and Inflation” in Zurich, Switzerland which is another potential pain point.</p><p>Economic news out of Australia is likely to come a distant second to RBA developments with purchasing manager releases, consumer confidence, skilled vacancy data and underemployed worker data rounding out the week.</p><p>Internationally, two days of semi-annual testimony by the US Federal Reserve chair, Jerome Powell, will put jitters through markets on Wednesday and Thursday.</p><p>Other US releases include home sales, chain store sales, unemployment and bank stress tests.</p><p>Chinese 1- and 5-year prime loan rates are due to be released on Monday with no change expected and the final data on the March quarter current account surplus will be out on Friday.</p></body></html>","source":"smallcap_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Weekly Review: Worst Week in Two Years Sets the Scene for a Bear Market</title>\n<style 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}\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\">\nASX Weekly Review: Worst Week in Two Years Sets the Scene for a Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-18 07:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/worst-week-two-years-bear-market-weekly-review/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WEEKLY MARKET REPORTThere are market changes that hit like a hurricane and the past week is just such an event.By the end of the week the ASX 200 index was down a staggering 6.6% at a 19-month low of ...</p>\n\n<a href=\"https://smallcaps.com.au/worst-week-two-years-bear-market-weekly-review/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"source_url":"https://smallcaps.com.au/worst-week-two-years-bear-market-weekly-review/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244110047","content_text":"WEEKLY MARKET REPORTThere are market changes that hit like a hurricane and the past week is just such an event.By the end of the week the ASX 200 index was down a staggering 6.6% at a 19-month low of 6474.8 points – more than a 15% fall from the record high of 7632.8 points recorded in the middle of August last year.That’s not quite a bear market as yet but the trend is in that direction, looking more like the beginnings of the COVID-19 plunge to panic lows of 4816.6 points in 2020 than anything else in recent history.Big fall in just two weeksAll told our market is down 10.8% in just two weeks, which is a fast, hefty fall by any measure.The size of the portfolio dent depends on what stocks you hold but the damage is very widespread and there are not many ways to avoid a 15% index plunge across most sectors.While the March 2020 plunge was followed by a handy rally over the rest of 2020 and particularly a great year in 2021, that fantastic year in Australia has already come close to having been effectively erased and the offshore leads are far from promising for any short-term fast recovery.The US market as measured by the S&P 500 is well into a bear market already, down 24% with the tech heavy NASDAQ down a whopping 33.6% from record highs hit in November last year.Interest rates rising fast across the worldThose sorts of falls are being mirrored across many other global markets with most countries struggling to cope with runaway inflation, with higher interest rates the blunt weapon being reached for by central banks across the world.Japan left its interest rates unchanged but a sheepish 0.25% rise by the Bank of England was gazumped by a surprise 0.5% rise out of Switzerland.Rising rates are particularly pronounced in the US with the market swooning each time Federal Market Reserve chairman Jerome Powell makes it clear that he is determined to catch up with inflation, with the past week’s super-sized 0.75% rise in interest rates and another one in prospect still seen as playing catch up.Risk of recession rising fastThat has led to a deep-seated fear in markets that by the time inflation is brought under control the economy might have hit reverse and be in recession as early as this year.While job markets remain tight and jobs are still plentiful, the fear is that this might quickly change as price rises quickly soak up discretionary spending and retailers are hit hard.Mining stocks had a bad day on Friday, down 2.8% and the technology sector fell 2.4%.Among some of the heavyweight mining stocks falling, South32 (ASX: S32) was down 5.9%, BHP (ASX: BHP) shares fell by 3.3%, Fortescue shares (ASX: FMG) fell by 5.3% and Rio Tinto (ASX: RIO) shares by 4.2%.There was some respite among the gold miners which acted as a safe haven with Evolution Mining (ASX: EVN) shares up a solid 5.4%.Banks were generally weaker with market leader Commonwealth Bank (ASX: CBA) doing the worst with a 3.6% fall.Humm (ASX: HUM) shares fell almost 22% to 45c after a deal to sell its consumer finance group to Latitude Finance fell over.Small cap stock actionThe Small Ords index slipped an eye watering 6.48% for the week to close at 2669.9 points.ASX 200 vs Small OrdsSmall cap companies making headlines this week were:GreenTech Metals (ASX: GRE)Swimming against the red tide this week was GreenTech Metals, which revealed initial assays from a 25-hole 3,838m reverse circulation program at its Whundo copper-zinc project in WA’s west Pilbara.The company has received results from 22 of the holes, with notable intercepts of 32m at 2.43% copper from 75m, including 17m at 4.37% copper and 0.46% zinc from 90m, and 7m at 7.83% copper, 0.64% zinc and 26g/t gold; and 62m at 1.12% copper, 1.36% zinc and 0.36g/t gold, including 19m at 1.6% copper, 2.27% zinc and 0.51g/t gold.Results also demonstrate the high-grade copper and zinc at Whundo persists beyond the current resource and is open down plunge.GreenTech will incorporate all the assays into an updated resource for Whundo, which currently totals 2.7Mt at 1.14% copper and 1.14% zinc.Lunnon Metals (ASX: LM8)A maiden resource was unveiled for the Baker Shoot target within Lunnon Metals’ Kambalda nickel project in WA.The Baker Shoot estimate totals 568,000t grading 2.8% nickel for 15,800t of contained nickel, with an indicated component of 295,000t at 2.75% nickel for 8,100t, and an inferred amount of 273,000t at 2.82% nickel for 7,700t.Global resources for the wider Kambalda project now stand at 2.2Mt at 2.9% nickel for 64,300t of contained nickel.“Baker highlights the prospectivity of our ground holdings in the world-renowned Kambalda nickel district and our ability to yield extensional and new discoveries on an ongoing basis,” Lunnon managing director Ed Ainscough said.Stavely Minerals (ASX: SVY)Another small cap to unveil a resource this week was Stavely Minerals, which says the maiden estimate for its Cayley Lode target was a “standout”.Cayley Lode is within the wider Stavely copper-gold project in western Victoria and now has a resource of 9.3Mt at 1.2% copper, 0.2g/t gold and 7.1g/t silver for 252Mlb of copper, 65,000oz of gold and 2.1Moz silver.Stavely executive chair Chris Cairns said the maiden resource for the Cayley Lode deposit was a “significant milestone” for the company.Mr Cairns said the resource for Cayley Lode was just a starting point, with the deposit having “enormous” potential for continued resource growth.92 Energy (ASX: 92E)The highest level of radioactivity has been intersected to-date at the Gemini Mineralised Zone discovery, within 92 Energy’s wholly-owned Gemini project in Canada’s prolific Athabasca Basin.In the second hole of the current program at GMZ, 92 Energy hit a maximum radioactivity of 26,100 counts per second.Overall, a 47m interval was hit with an average radioactivity of 2,366cps.Previous maximum radioactivity encountered at GMZ were 7,860cps and 15,780cps.To fund its aggressive exploration program at Gemini along with preliminary activities at its other projects in the Athabasca Basin, 92 Energy is raising $8.7 million.The funds are being raised through a flow-through share placement of almost 11.2 million shares at $0.78 each.Frontier Energy (ASX: FHE)Preliminary findings from a study indicate Frontier Energy could produce green hydrogen “significantly earlier” than expected at its Bristol Springs solar project in WA’s south west.According to Frontier, the earlier than anticipated hydrogen generation is possible due to the Bristol Springs’ “unique location” near Waroona and its proximity to “significant existing infrastructure”.Frontier managing director Mike Young said its location and proximity to infrastructure means the initial capital outlay would be “significantly less” compared to more remote projects.The full study results will be released “in the coming months”.Kazia Therapeutics (ASX: KZA)The US Food and Drug Administration has granted Kazia Therapeutics orphan drug designation for its lead candidate paxalisib in treating atypical rhabdoid/teratoid tumours (AT/RT).These tumours are a rare and highly aggressive form of childhood brain cancer.Recent data indicates treating AT/RT with paxalisib is an “important new opportunity” for the company, with this form of brain cancer “poorly served” by existing therapeutics.Kazia has already secured orphan drug designation for paxalisib in treating malignant glioma in adults, and diffuse intrinsic pontine glioma (DIPG) in children.Earlier in the week, Kazia presented “positive data” on paxalisib on AT/RT and DIPG at the 20th International Symposium on Pediatric Neuro-Oncology in Germany.The week aheadIf you were hoping for a respite from the damages wrought by central bankers in the coming week, think again, with Reserve Bank Governor Philip Lowe set to deliver a speech on “Economic Outlook and Monetary Policy”That, combined with the release of the RBA Board’s minutes from its last decision which raised official rates by 0.5% with the promise of more rises to come, should be enough to keep markets on tenterhooks about the RBA’s plan from here on.Expect any hint that we could be in for another 0.5% rise next month to add plenty of unwelcome selling pressure to the Australian market.Late on Friday Dr Lowe is also taking part in a UBS Panel discussion on “Central Banks and Inflation” in Zurich, Switzerland which is another potential pain point.Economic news out of Australia is likely to come a distant second to RBA developments with purchasing manager releases, consumer confidence, skilled vacancy data and underemployed worker data rounding out the week.Internationally, two days of semi-annual testimony by the US Federal Reserve chair, Jerome Powell, will put jitters through markets on Wednesday and Thursday.Other US releases include home sales, chain store sales, unemployment and bank stress tests.Chinese 1- and 5-year prime loan rates are due to be released on Monday with no change expected and the final data on the March quarter current account surplus will be out on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080012881,"gmtCreate":1649817922320,"gmtModify":1676534583391,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080012881","repostId":"1172894345","repostType":4,"repost":{"id":"1172894345","pubTimestamp":1649816377,"share":"https://ttm.financial/m/news/1172894345?lang=&edition=fundamental","pubTime":"2022-04-13 10:19","market":"us","language":"en","title":"Is GameStop Stock Prepping for Another Massive Short Squeeze?","url":"https://stock-news.laohu8.com/highlight/detail?id=1172894345","media":"InvestorPlace","summary":"While many stocks in the market have been struggling — especially in growth —GameStop(NYSE:GME) hasn","content":"<html><head></head><body><p>While many stocks in the market have been struggling — especially in growth —<b>GameStop</b>(NYSE:<b><u>GME</u></b>) hasn’t been one of them. That’s ironic, as most of last year’s short-squeeze candidates have rolled over in tremendous pain. And while GME stock also suffered a large drop, it’s been on the move lately.</p><p>Shares ripped off 10 straight daily rallies from the March low. Amid the rally, it amassed a 143% return from the recent low to last month’s high. While it has now cooled off a bit — down 24% from the high, investors are wondering if this stock still has short-squeeze potential. Acting as potential catalysts, there has been good news recently.</p><p>Furthermore, GameStop chairman and former <b>Chewy</b>(NYSE:<b><u>CHWY</u></b>) CEO, Ryan Cohen, recently bought 100,000 shares of GME stock, boosting his stake in the company up to 11.9%. Another large buyer of the company is Bill Pulte, who tweeted that he, “Just made six figure buy on GameStop.”</p><p>Will some big-name purchasers in GME stock be enough to get another short-squeeze storm brewing? Perhaps, but the company took another step in potentially making it happen: A stock split.</p><p>On March 31, GME announced its plans for a stock split, calling “for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000.” It’s a more complex stock split than what we’re seeing with recent companies such as <b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>) and <b>Alphabet</b>(NASDAQ:<b><u>GOOGL</u></b>, NASDAQ:<b><u>GOOG</u></b>). However, bulls are hoping it has the same effect on all three, which is a higher stock price.</p><p>While GME stock has been volatile over the past 15 months, it still remains notably higher. Over the last two weeks, its stock has dropped almost 24%. Going back even further, though, the stock is up more than 650% since the start of 2021. In that regard, it’s hard to rule out that another short-squeeze is impossible. Particularly with the vigor that it traded with in late March.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is GameStop Stock Prepping for Another Massive Short Squeeze?</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\">\nIs GameStop Stock Prepping for Another Massive Short Squeeze?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-13 10:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/is-gamestop-gme-stock-prepping-for-another-massive-short-squeeze/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While many stocks in the market have been struggling — especially in growth —GameStop(NYSE:GME) hasn’t been one of them. That’s ironic, as most of last year’s short-squeeze candidates have rolled over...</p>\n\n<a href=\"https://investorplace.com/2022/04/is-gamestop-gme-stock-prepping-for-another-massive-short-squeeze/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/04/is-gamestop-gme-stock-prepping-for-another-massive-short-squeeze/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172894345","content_text":"While many stocks in the market have been struggling — especially in growth —GameStop(NYSE:GME) hasn’t been one of them. That’s ironic, as most of last year’s short-squeeze candidates have rolled over in tremendous pain. And while GME stock also suffered a large drop, it’s been on the move lately.Shares ripped off 10 straight daily rallies from the March low. Amid the rally, it amassed a 143% return from the recent low to last month’s high. While it has now cooled off a bit — down 24% from the high, investors are wondering if this stock still has short-squeeze potential. Acting as potential catalysts, there has been good news recently.Furthermore, GameStop chairman and former Chewy(NYSE:CHWY) CEO, Ryan Cohen, recently bought 100,000 shares of GME stock, boosting his stake in the company up to 11.9%. Another large buyer of the company is Bill Pulte, who tweeted that he, “Just made six figure buy on GameStop.”Will some big-name purchasers in GME stock be enough to get another short-squeeze storm brewing? Perhaps, but the company took another step in potentially making it happen: A stock split.On March 31, GME announced its plans for a stock split, calling “for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000.” It’s a more complex stock split than what we’re seeing with recent companies such as Amazon(NASDAQ:AMZN) and Alphabet(NASDAQ:GOOGL, NASDAQ:GOOG). However, bulls are hoping it has the same effect on all three, which is a higher stock price.While GME stock has been volatile over the past 15 months, it still remains notably higher. Over the last two weeks, its stock has dropped almost 24%. Going back even further, though, the stock is up more than 650% since the start of 2021. In that regard, it’s hard to rule out that another short-squeeze is impossible. Particularly with the vigor that it traded with in late March.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038806287,"gmtCreate":1646784742721,"gmtModify":1676534161458,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038806287","repostId":"1153049984","repostType":4,"repost":{"id":"1153049984","pubTimestamp":1646784000,"share":"https://ttm.financial/m/news/1153049984?lang=&edition=fundamental","pubTime":"2022-03-09 08:00","market":"other","language":"en","title":"ASX Today: Wall Street Sinks as Biden Bans Russian oil","url":"https://stock-news.laohu8.com/highlight/detail?id=1153049984","media":"the market herald","summary":"The share market looked set for a flat start after a negative end to a wild night on Wall Street as ","content":"<html><head></head><body><p>The share market looked set for a flat start after a negative end to a wild night on Wall Street as US President Joe Biden banned Russian energy imports.</p><p><b>ASX futures</b> inched up five points or 0.07 percent. The S&amp;P/ASX 200 closed at a five-week low yesterday amid fears surging commodity prices will stifle global growth.</p><p>Brent <b>crude</b> jumped almost 4 percent overnight to a 14-year high. Gold traded near record territory. The London Metal Exchange suspended nickel trading after prices doubled. BHP and Rio Tinto declined as iron ore backed off a six-month high.</p><p><b>Wall Street</b></p><p>US stocks swung wildly overnight as investors weighed the White House’s Russian energy ban and the latest developments in Ukraine.</p><p>The<b>Dow Jones Industrial Average</b> finished 186 points or 0.57 percent in the red after giving up a mid-session gain of 585 points. The <b>S&amp;P 500</b> shed 30 points or 0.73 percent. The<b>Nasdaq Composite</b> lost 35 points or 0.28 percent.</p><p>“There is just a lot of <b>uncertainty</b> right now of what the impact is going to be on the U.S. economy,” James Ragan, director of wealth management research at DA Davidson, told Reuters.</p><p>“I think we will see a little pullback in the US consumer. Obviously, the <b>gasoline prices</b> are going to cause people to pause a little bit,” he added.</p><p><b>Energy providers</b> rallied and crude prices rose after Biden banned Russian oil, gas and other energy imports. The president said the ban would “deal another powerful blow to Putin’s war machine”.</p><p>Russian President <b>Vladimir Putin</b> responded with a decree banning exports of Russian commodities. The decree gave the Russian cabinet two days to determine which commodities and countries would be on the list. Russia accounts for around 8 percent of US petroleum imports, according to Bloomberg.</p><p>US gasoline and heating oil settled at record levels. <b>Crude</b> closed at its highest since 2008. Brent crude settled US$4.77 or 3.9 percent ahead at US$127.98 a barrel. The US benchmark, West Texas Intermediate, rallied US$4.30 or 3.6 percent to US$123.70.</p><p>“This is the tightest fundamental backdrop in years and the developments in Russia/Ukraine have ignited a market that was already a coiled spring,” Michael Tran, commodity analyst at RBC Capital Markets, wrote. “How high can oil prices go? Pick a number, this is a market in disarray.”</p><p>Trade was volatile as US stocks searched for a short-term bottom. On Monday, the Dow joined the S&amp;P 500 in a technical correction, defined as a close more than ten percent below a recent top. The Nasdaq entered a <b>bear market</b> after closing more than 20 percent from last year’s high.</p><p>Australian outlook</p><p>Futures action suggests tentative relief for the ASX, but it would take a soothsayer to predict what comes after that. This morning’s headline numbers fail to capture the crazy intraday whipsaws on Wall Street and commodity markets. This is not a healthy market.</p><p>The <b>S&amp;P/ASX 200</b> fell 58 points or 0.86 percent yesterday to a third straight loss and a five-week closing low. Defensive sectors outperformed as the market-leading energy sector took a breather. The overnight action in the US was a reverse image: energy outperformed, defensives tanked.</p><p>The <b>energy</b> sector rallied 1.39 percent to be the night’s only significant winner. (Consumer discretionary edged up less than 0.1 percent.)</p><p><b>Bond proxies</b> declined as US yields rallied. Consumer staples shed 2.64 percent, health 2.11 percent and utilities 1.6 percent.</p><p>The two sectors that matter most here, <b>materials</b> and <b>financials</b>, lost 0.5 and 0.55 percent, respectively.</p><p>The market will get an insight into the <b>Reserve Bank</b>‘s latest thoughts on rates when Governor Philip Lowe addresses the Australian Financial Review Business Summit in Sydney at 9.15 am AEDT.</p><p>Monthly <b>consumer sentiment</b> figures were due at 11.30 am. China releases inflation data at 12.30 pm.</p><p><b>IPOs</b>: the float of Catalano Seafood originally scheduled for today has been pushed back to Friday.</p><p>The <b>dollar</b> declined 0.8 percent to 72.7 US cents.</p><p>Commodities</p><p><b>Gold</b> closed near record levels as investors sought hedges against stagflation. Gold for April delivery settled US$47.40 or 2.4 percent ahead at US$2,043.30 an ounce. Prices ran as high as US$2,078.80, within touching distance of the all-time intraday high of US$2,089.20 in 2020.</p><p>“The rally in gold has been accelerating since the Russia/Ukraine tensions began to escalate in earnest back in February, and renewed fears about <b>stagflation</b> are further supporting the gains,” analysts at Sevens Report Research wrote.</p><p>“With real rates dropping sharply from recent highs and market-based inflation expectations at new highs, the backdrop for gold is decidedly bullish.”</p><p>The NYSE Arca <b>Gold Bugs</b> Index of US precious metals miners gained 0.67 percent.</p><p><b>Palladium</b> topped US$3,000 an ounce before settling US$66.60 or 2.3 percent higher at US$2,968.50.</p><p>The London Metal Exchange suspended <b>nickel</b> trading after prices more than doubled. Three-month nickel hit a record US$101,365 a tonne before trade was halted with the price up 66 percent at US$80,000.</p><p>China’s Tsingshan Holding Group was reportedly facing a <b>US$8 billion loss</b> from short positions in the nickel market. Prices that normally move by a few percentage points a session have exploded since Russia’s invasion of Ukraine prompted boycotts of Russian production.</p><p>“This market is absolutely insane,” ING Senior Commodities Strategist Wenyu Yao said. “The fundamentals alone won’t be able to explain these prices.”</p><p>Benchmark aluminium on the LME skidded 6.01 percent to US$3,515.20 a tonne. <b>Copper</b> eased 0.56 percent. Lead gained 2.1 percent, zinc 1.69 percent and tin 4.1 percent.</p><p>BHP and Rio Tinto fell in overseas trade as <b>iron ore</b> retreated from a six-month high. The spot price for ore landed in China eased 50 US cents or 0.3 percent to US$162.25 a tonne. The most-traded ore contract on the Dalian Commodity Exchange declined 3 percent.</p><p><b>BHP</b>‘s US-traded depositary receipts dropped 3.89 percent. The miner’s UK listing shed 2.78 percent. <b>Rio Tinto</b> gave up 2.51 percent in the US and 2.19 percent in the UK.</p></body></html>","source":"lsy1645077863021","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>ASX Today: Wall Street Sinks as Biden Bans Russian oil</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\">\nASX Today: Wall Street Sinks as Biden Bans Russian oil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-09 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketherald.com.au/asx-today-wall-street-sinks-as-biden-bans-russian-oil-2022-03-09/><strong>the market herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The share market looked set for a flat start after a negative end to a wild night on Wall Street as US President Joe Biden banned Russian energy imports.ASX futures inched up five points or 0.07 ...</p>\n\n<a href=\"https://themarketherald.com.au/asx-today-wall-street-sinks-as-biden-bans-russian-oil-2022-03-09/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"source_url":"https://themarketherald.com.au/asx-today-wall-street-sinks-as-biden-bans-russian-oil-2022-03-09/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153049984","content_text":"The share market looked set for a flat start after a negative end to a wild night on Wall Street as US President Joe Biden banned Russian energy imports.ASX futures inched up five points or 0.07 percent. The S&P/ASX 200 closed at a five-week low yesterday amid fears surging commodity prices will stifle global growth.Brent crude jumped almost 4 percent overnight to a 14-year high. Gold traded near record territory. The London Metal Exchange suspended nickel trading after prices doubled. BHP and Rio Tinto declined as iron ore backed off a six-month high.Wall StreetUS stocks swung wildly overnight as investors weighed the White House’s Russian energy ban and the latest developments in Ukraine.TheDow Jones Industrial Average finished 186 points or 0.57 percent in the red after giving up a mid-session gain of 585 points. The S&P 500 shed 30 points or 0.73 percent. TheNasdaq Composite lost 35 points or 0.28 percent.“There is just a lot of uncertainty right now of what the impact is going to be on the U.S. economy,” James Ragan, director of wealth management research at DA Davidson, told Reuters.“I think we will see a little pullback in the US consumer. Obviously, the gasoline prices are going to cause people to pause a little bit,” he added.Energy providers rallied and crude prices rose after Biden banned Russian oil, gas and other energy imports. The president said the ban would “deal another powerful blow to Putin’s war machine”.Russian President Vladimir Putin responded with a decree banning exports of Russian commodities. The decree gave the Russian cabinet two days to determine which commodities and countries would be on the list. Russia accounts for around 8 percent of US petroleum imports, according to Bloomberg.US gasoline and heating oil settled at record levels. Crude closed at its highest since 2008. Brent crude settled US$4.77 or 3.9 percent ahead at US$127.98 a barrel. The US benchmark, West Texas Intermediate, rallied US$4.30 or 3.6 percent to US$123.70.“This is the tightest fundamental backdrop in years and the developments in Russia/Ukraine have ignited a market that was already a coiled spring,” Michael Tran, commodity analyst at RBC Capital Markets, wrote. “How high can oil prices go? Pick a number, this is a market in disarray.”Trade was volatile as US stocks searched for a short-term bottom. On Monday, the Dow joined the S&P 500 in a technical correction, defined as a close more than ten percent below a recent top. The Nasdaq entered a bear market after closing more than 20 percent from last year’s high.Australian outlookFutures action suggests tentative relief for the ASX, but it would take a soothsayer to predict what comes after that. This morning’s headline numbers fail to capture the crazy intraday whipsaws on Wall Street and commodity markets. This is not a healthy market.The S&P/ASX 200 fell 58 points or 0.86 percent yesterday to a third straight loss and a five-week closing low. Defensive sectors outperformed as the market-leading energy sector took a breather. The overnight action in the US was a reverse image: energy outperformed, defensives tanked.The energy sector rallied 1.39 percent to be the night’s only significant winner. (Consumer discretionary edged up less than 0.1 percent.)Bond proxies declined as US yields rallied. Consumer staples shed 2.64 percent, health 2.11 percent and utilities 1.6 percent.The two sectors that matter most here, materials and financials, lost 0.5 and 0.55 percent, respectively.The market will get an insight into the Reserve Bank‘s latest thoughts on rates when Governor Philip Lowe addresses the Australian Financial Review Business Summit in Sydney at 9.15 am AEDT.Monthly consumer sentiment figures were due at 11.30 am. China releases inflation data at 12.30 pm.IPOs: the float of Catalano Seafood originally scheduled for today has been pushed back to Friday.The dollar declined 0.8 percent to 72.7 US cents.CommoditiesGold closed near record levels as investors sought hedges against stagflation. Gold for April delivery settled US$47.40 or 2.4 percent ahead at US$2,043.30 an ounce. Prices ran as high as US$2,078.80, within touching distance of the all-time intraday high of US$2,089.20 in 2020.“The rally in gold has been accelerating since the Russia/Ukraine tensions began to escalate in earnest back in February, and renewed fears about stagflation are further supporting the gains,” analysts at Sevens Report Research wrote.“With real rates dropping sharply from recent highs and market-based inflation expectations at new highs, the backdrop for gold is decidedly bullish.”The NYSE Arca Gold Bugs Index of US precious metals miners gained 0.67 percent.Palladium topped US$3,000 an ounce before settling US$66.60 or 2.3 percent higher at US$2,968.50.The London Metal Exchange suspended nickel trading after prices more than doubled. Three-month nickel hit a record US$101,365 a tonne before trade was halted with the price up 66 percent at US$80,000.China’s Tsingshan Holding Group was reportedly facing a US$8 billion loss from short positions in the nickel market. Prices that normally move by a few percentage points a session have exploded since Russia’s invasion of Ukraine prompted boycotts of Russian production.“This market is absolutely insane,” ING Senior Commodities Strategist Wenyu Yao said. “The fundamentals alone won’t be able to explain these prices.”Benchmark aluminium on the LME skidded 6.01 percent to US$3,515.20 a tonne. Copper eased 0.56 percent. Lead gained 2.1 percent, zinc 1.69 percent and tin 4.1 percent.BHP and Rio Tinto fell in overseas trade as iron ore retreated from a six-month high. The spot price for ore landed in China eased 50 US cents or 0.3 percent to US$162.25 a tonne. The most-traded ore contract on the Dalian Commodity Exchange declined 3 percent.BHP‘s US-traded depositary receipts dropped 3.89 percent. The miner’s UK listing shed 2.78 percent. Rio Tinto gave up 2.51 percent in the US and 2.19 percent in the UK.","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093613283,"gmtCreate":1643606197502,"gmtModify":1676533835659,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"liked","listText":"liked","text":"liked","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093613283","repostId":"1106785108","repostType":4,"repost":{"id":"1106785108","pubTimestamp":1643598432,"share":"https://ttm.financial/m/news/1106785108?lang=&edition=fundamental","pubTime":"2022-01-31 11:07","market":"us","language":"en","title":"5 Best Investment Strategies For A Volatile Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1106785108","media":"Seeking Alpha","summary":"SummaryMarket volatility can be stressful. You may feel the urge to sell everything and be done with","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Market volatility can be stressful. You may feel the urge to sell everything and be done with it. Don’t! The key to making money is Buy Low and Sell High.</li><li>A market correction could be your best friend and very rewarding in the long term. Always invest for the future.</li><li>Stay diversified and disciplined to your investment frequency. &#34;The trick is not to learn to trust your gut feelings, but rather discipline yourself to ignore them.&#34; - Peter Lynch.</li><li>For a volatile market, balance between sectors and styles, e.g., growth and value, with defensive stocks, dividend pay stocks, and discretionary companies to maximize rewards and minimize your risk.</li></ul><p>One of the most famous investors of all time is Peter Lynch. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&amp;P 500 stock market index, making it the best-performing mutual fund in the world. Along with another famous investor, Warren Buffett, both have some rich investment quotes, and I will place a few from each throughout this article.</p><p>Market downturns can be overwhelming and scary as investors watch the price of their holdings fall; it can be tempting to sell or hit pause. Peter Lynch said, &#34;The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn&#39;t changed…People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences.&#34; We are seeing a lot of panic in the markets that revolve around fears of:</p><p>While these issues may seem daunting, and a Fed rate increase may be inevitable, there is no need to panic. These problems and concerns are not guarantees of an economic downturn, a recession, or an extended bear market. Markets move up and down based on investor sentiment. Just a few weeks ago, on January 4, 2022, the S&amp;P 500 and Dow hit all-time highs.</p><p>Stock market volatility is largely a cause of uncertainty and is often characterized by extreme price fluctuations and heavy trading volume. The matters mentioned above create increased uncertainty and a disproportionate number of sellers. However, many of these issues can lead to market rotation. Sector rotation refers to taking money from one sector of the market and moving it to another in anticipation of demand for stocks in that sector. Inflation and rising rates often can lead to a sell-off in overvalued growth stocks and an investment in stocks that fall in the energy or finance sector. Notably, the markets can go up during rate hikes, and the economy can grow.</p><p>Many companies in sectors such as energy, finance, material, and REITs, have strong earnings results during periods of inflation. Likewise, suppose your concern is the market will continue to be volatile for an extended period. In that case, it pays to be diversified and own some of our top consumer staple stocks (food, beverages, and personal hygiene) or top utility stocks (electric, gas, water, communication). It also helps to get paid while waiting for the dust to settle. Top Quant Dividend Stocks with safe dividends offer a buffer to the downside. In either scenario, the best strategy is to invest in companies where the fundamentals are strong; stocks characterized with sustainable growth, solid valuation frameworks, and robust profits. A correction or bear market can pose an opportunity to buy something you like at a fire-sale discount, which is why we are providing five tips for navigating a volatile market. As Warren Buffett has said, “If I see a sale in my favorite store, I go and buy some more of the stuff I like.” In line with the principles of investing legends, please find my best suggestions for managing your portfolio in a volatile market.</p><p><b>5 Tips For Investing During a Turbulent Market</b></p><p><b>1. Stay Invested - Think Long Term</b></p><p>“Bargains are the holy grail of the true stock picker. We see the latest correction not as a disaster, but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time,” said Peter Lynch. Market volatility is usually temporary, and it typically pays to keep your money invested. The suspense of watching investments lose value, whether you&#39;re new or old to trading, is terrifying. Pulling that money out of the market is a risk that requires careful consideration because if you pull out, you risk locking in losses. If you purchase at a higher price point and sell after a price drop, you&#39;re selling for less than you paid. If the price rebounds, you haven&#39;t lost anything. The reason it&#39;s crucial to stay invested is because traditionally, the best days in the market follow the worst days, and it&#39;s impossible to time the market with precision and accuracy. It&#39;s essential to avoid the typical investor pitfall of capitulating during volatile times. &#34;Investors crave control and may be tempted to act in a way that we know is likely to hurt their retirement strategy by selling out of the market after a significant loss, locking in those losses, but with every intention of reentering the market when it feels safer, whenever that may be,&#34; said Katherine Roy, J.P. Morgan Chief Retirement Strategist.</p><p>J.P. Morgan&#39;s Guide to Retirement (GTR) highlights &#34;The impact of being out of the market&#34; and how behavior driven by loss aversion and trying to market time is one of the biggest detriments to portfolio returns. For perspective, the image below showcased how from January 2, 2001, through December 31, 2020, six of the seven best trading days occurred after the worst days.</p><p>Exiting the market because of fear, in an effort to minimize loss may result in bigger losses or missing the best days of trading in volatile markets. Stay invested and think long-term.</p><p><b>2. Put Your Money to Work Consistently (Dollar-Cost-Averaging) Rather Than Sitting in Cash</b></p><p>“If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you’re patient,” said Peter Lynch. For a long-term investor, if you’re fortunate to have cash on the sidelines, market volatility presents great potential to buy securities at better valuations. Downturns are an effective way to improve the quality of your portfolio by increasing holdings to high(er) quality companies that may have been expensive, overstretched, or outside of your price point. Looking at the last correction which took place in March of 2020 during the peak of COVID restrictions and lockdowns, you can see in the chart below that the market has more than doubled from its panic drawdown. With volatility, these companies may now be more attractive again and become undervalued with the opportunity to purchase and capitalize on future growth.</p><p>Over the long term, one of the best investment strategies to maximize returns and reduce risk is through dollar-cost averaging (DCA). DCA is the practice of systematically investing your cash over regular intervals, regardless of stock price. DCA is one of the most effective strategies for investors looking to smooth out the natural dips and rips that occur in markets. DCA also helps to avoid the mistake of trying to time the markets. Regarding market timing, Charles Schwab research shows “that the cost of waiting for the perfect moment to invest typically exceeds the benefit of even perfect timing. And because timing the market perfectly is nearly impossible, the best strategy for most of us is not to try to market-time at all”. Holding cash is essential for emergency funds or if you are about to retire or saving for a house. It is important to have money on the side if you need cash in the next few years or annual household operating costs. However, large amounts of capital held in cash generally produce lower returns.</p><p>If you’re holding cash as a means of loss aversion, you’re losing the opportunity for growth. Sitting on cash, especially in the current inflationary environment, is like throwing money away or lighting it on fire. If $100 that sat in cash last year is only worth $93 today given the 7% inflation, taking that forward, even if inflation moderates back to the Fed’s target of 2%, that moderation won’t happen overnight; it will most likely settle around the 3-4% range. Even then, today’s $93 will be worth less than $90 over the next year because of the impact of inflation and loss of purchasing power associated with purely sitting in cash. “Today, people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value”, Warren Buffett.</p><p><b>3. Know What You Own</b></p><p>In the words of Peter Lynch, “Know what you own, and know why you own it.” This advice is straightforward and a no-brainer. If you cannot understand what a company does, why invest? Additionally, investing in friends’ projects or the latest meme stock because it’s trending may not be the best opportunity for you.</p><p>Fortunately, Seeking Alpha’s research, news, and quant grades can help you immediately understand your investments. Notably, the quant ratings and factor grades help to provide an instant characterization of your stock, ETF, or REIT’s strength compared to its peer group.</p><p>The internet and stock market are full of “tips” for getting rich quickly. Putting your money into investments simply out of fear of missing out (FOMO) without ever reading the fine print, or failing to understand the investment, can set you up for a rollercoaster ride. Stay true to your investment strategies and risk tolerance, staying the course to achieving your goals. Pick stocks that have strong fundamentals and will benefit you in the long run. A deep dive on a stock&#39;s valuation framework is just one click away.</p><p><b>4. Focus on Good Companies And Diversify</b></p><p>As the markets pull back, you may find success in identifying stocks with fair valuations that are at great price points and have taken a hit during market volatility. These securities can easily be found in our Top Stocks By Quant screen. Seeking Alpha Contributor and Strategist, Lawrence Fuller, believes a Midterm Correction Is Par For The Course. He states, “Provided there is no recession, this correction is presenting opportunities to invest in quality and value.” Paradoxically, even if you hold an opinion similar to Mike Wilson from Morgan Stanley, the market&#39;s biggest bear according to CNBC, who suggests investors are dangerously downplaying a collision between a tightening Fed and slowing growth. Largely, Mike Wilson believes the market could decline another 10% and that investors should double down on defensive stocks. As I mentioned previously, it pays to be diversified and own some of our top consumer staple stocks (food, beverages and personal hygiene) or top utility stocks (electric, gas, water, communication). If you believe inflation is a key concern, then you would want to inflation-proof your portfolio with our top energy stocks or top financial stocks. Again, it also helps to get paid while you wait for the dust to settle. Top Quant Dividend Stocks with safe dividends offer a buffer to the downside.</p><p>The key to long-term investing is finding high-quality companies&#39; stocks that are characterized with sustainable growth, solid valuation frameworks, robust profits, positive earnings revisions, and strong momentum compared to peers.</p><p>As Buffett says, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” which is why I have included my Top 10 Stocks to buy in 2022, which highlights ten high-quality companies that should do well in a correction or stock market rally.</p><p>It is a great start to seek out relatively priced companies able to cover their debt burden and cost of capital that isn&#39;t overleveraged relative to their industry. You want companies with a strong track record of earnings growth and high earnings quality. In rising interest rate environments, Value Stocks tend to be great investments as they tend to have strong balance sheets, especially after periods of relative underperformance in comparison to Growth Stocks and the tech stocks we&#39;ve seen dominate over the last decade. However, specific growth-oriented sectors can still insulate in high interest-rate and volatile environments if they possess solid fundamentals and underlying metrics.</p><p>In the long run, investing in high quality removes the need to market time Growth Vs. Value as your portfolio ultimately will be made up of both and should benefit in all market cycles relative to purely growth or purely value.</p><p><b>5. Find Resources and Tools to Educate Yourself</b></p><p>When people get scared, they tend to make emotional investing decisions, frequently trading during volatile periods. “You’ve got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you’re comfortable with the holding,” says Buffett.</p><p>There are many stock market investment research and analysis sites with helpful information. Luckily, you found Seeking Alpha to make investing easy for you and for anyone interested in self-directed investments that have a chance to outperform the market. Seeking Alpha is the world’s largest investing community, powered by the wisdom and diversity of crowdsourcing, breaking news, contributor research analysis, Quant ratings and Factor grades, Dividend Ratings, and data visualizations. Likewise, for an instant characterization of stocks, our Quant Tools are an objective, unemotional evaluation of every stock, based upon data, company financials, the stock’s price performance, and analysts’ estimates of the company’s future revenue and earnings. As an overview, here is How To Find Profitable Investing Ideas And Improve Your Portfolio With Seeking Alpha Premium.</p><p>Seeking Alpha caters to all investors&#39; needs and is designed to help you make better investing decisions. Over the last 10-years, Seeking Alpha&#39;s back-tested strategies have proven to yield impressive returns compared to the S&amp;P 500, beating the market 9 out of 10 years. With this impartial analysis, you can select stocks suited for your risk tolerance and objectives. Create your stock screeners or use the default Seeking Alpha screens based upon the types of stock sectors you like.</p><p><b>Conclusion</b></p><p>Exploring sites and utilizing tools so that you can make tactical investment decisions is an excellent step in navigating a volatile market without changing the overall risk level in your portfolio. Finding knowledgeable investment resources is also a great way to be a successful investor in volatile or rallying markets.</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>5 Best Investment Strategies For A Volatile Market</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\">\n5 Best Investment Strategies For A Volatile Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-31 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4482732-5-best-investment-strategies-for-a-volatile-market><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMarket volatility can be stressful. You may feel the urge to sell everything and be done with it. Don’t! The key to making money is Buy Low and Sell High.A market correction could be your best ...</p>\n\n<a href=\"https://seekingalpha.com/article/4482732-5-best-investment-strategies-for-a-volatile-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4482732-5-best-investment-strategies-for-a-volatile-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106785108","content_text":"SummaryMarket volatility can be stressful. You may feel the urge to sell everything and be done with it. Don’t! The key to making money is Buy Low and Sell High.A market correction could be your best friend and very rewarding in the long term. Always invest for the future.Stay diversified and disciplined to your investment frequency. \"The trick is not to learn to trust your gut feelings, but rather discipline yourself to ignore them.\" - Peter Lynch.For a volatile market, balance between sectors and styles, e.g., growth and value, with defensive stocks, dividend pay stocks, and discretionary companies to maximize rewards and minimize your risk.One of the most famous investors of all time is Peter Lynch. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index, making it the best-performing mutual fund in the world. Along with another famous investor, Warren Buffett, both have some rich investment quotes, and I will place a few from each throughout this article.Market downturns can be overwhelming and scary as investors watch the price of their holdings fall; it can be tempting to sell or hit pause. Peter Lynch said, \"The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn't changed…People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences.\" We are seeing a lot of panic in the markets that revolve around fears of:While these issues may seem daunting, and a Fed rate increase may be inevitable, there is no need to panic. These problems and concerns are not guarantees of an economic downturn, a recession, or an extended bear market. Markets move up and down based on investor sentiment. Just a few weeks ago, on January 4, 2022, the S&P 500 and Dow hit all-time highs.Stock market volatility is largely a cause of uncertainty and is often characterized by extreme price fluctuations and heavy trading volume. The matters mentioned above create increased uncertainty and a disproportionate number of sellers. However, many of these issues can lead to market rotation. Sector rotation refers to taking money from one sector of the market and moving it to another in anticipation of demand for stocks in that sector. Inflation and rising rates often can lead to a sell-off in overvalued growth stocks and an investment in stocks that fall in the energy or finance sector. Notably, the markets can go up during rate hikes, and the economy can grow.Many companies in sectors such as energy, finance, material, and REITs, have strong earnings results during periods of inflation. Likewise, suppose your concern is the market will continue to be volatile for an extended period. In that case, it pays to be diversified and own some of our top consumer staple stocks (food, beverages, and personal hygiene) or top utility stocks (electric, gas, water, communication). It also helps to get paid while waiting for the dust to settle. Top Quant Dividend Stocks with safe dividends offer a buffer to the downside. In either scenario, the best strategy is to invest in companies where the fundamentals are strong; stocks characterized with sustainable growth, solid valuation frameworks, and robust profits. A correction or bear market can pose an opportunity to buy something you like at a fire-sale discount, which is why we are providing five tips for navigating a volatile market. As Warren Buffett has said, “If I see a sale in my favorite store, I go and buy some more of the stuff I like.” In line with the principles of investing legends, please find my best suggestions for managing your portfolio in a volatile market.5 Tips For Investing During a Turbulent Market1. Stay Invested - Think Long Term“Bargains are the holy grail of the true stock picker. We see the latest correction not as a disaster, but as an opportunity to acquire more shares at low prices. This is how great fortunes are made over time,” said Peter Lynch. Market volatility is usually temporary, and it typically pays to keep your money invested. The suspense of watching investments lose value, whether you're new or old to trading, is terrifying. Pulling that money out of the market is a risk that requires careful consideration because if you pull out, you risk locking in losses. If you purchase at a higher price point and sell after a price drop, you're selling for less than you paid. If the price rebounds, you haven't lost anything. The reason it's crucial to stay invested is because traditionally, the best days in the market follow the worst days, and it's impossible to time the market with precision and accuracy. It's essential to avoid the typical investor pitfall of capitulating during volatile times. \"Investors crave control and may be tempted to act in a way that we know is likely to hurt their retirement strategy by selling out of the market after a significant loss, locking in those losses, but with every intention of reentering the market when it feels safer, whenever that may be,\" said Katherine Roy, J.P. Morgan Chief Retirement Strategist.J.P. Morgan's Guide to Retirement (GTR) highlights \"The impact of being out of the market\" and how behavior driven by loss aversion and trying to market time is one of the biggest detriments to portfolio returns. For perspective, the image below showcased how from January 2, 2001, through December 31, 2020, six of the seven best trading days occurred after the worst days.Exiting the market because of fear, in an effort to minimize loss may result in bigger losses or missing the best days of trading in volatile markets. Stay invested and think long-term.2. Put Your Money to Work Consistently (Dollar-Cost-Averaging) Rather Than Sitting in Cash“If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you’re patient,” said Peter Lynch. For a long-term investor, if you’re fortunate to have cash on the sidelines, market volatility presents great potential to buy securities at better valuations. Downturns are an effective way to improve the quality of your portfolio by increasing holdings to high(er) quality companies that may have been expensive, overstretched, or outside of your price point. Looking at the last correction which took place in March of 2020 during the peak of COVID restrictions and lockdowns, you can see in the chart below that the market has more than doubled from its panic drawdown. With volatility, these companies may now be more attractive again and become undervalued with the opportunity to purchase and capitalize on future growth.Over the long term, one of the best investment strategies to maximize returns and reduce risk is through dollar-cost averaging (DCA). DCA is the practice of systematically investing your cash over regular intervals, regardless of stock price. DCA is one of the most effective strategies for investors looking to smooth out the natural dips and rips that occur in markets. DCA also helps to avoid the mistake of trying to time the markets. Regarding market timing, Charles Schwab research shows “that the cost of waiting for the perfect moment to invest typically exceeds the benefit of even perfect timing. And because timing the market perfectly is nearly impossible, the best strategy for most of us is not to try to market-time at all”. Holding cash is essential for emergency funds or if you are about to retire or saving for a house. It is important to have money on the side if you need cash in the next few years or annual household operating costs. However, large amounts of capital held in cash generally produce lower returns.If you’re holding cash as a means of loss aversion, you’re losing the opportunity for growth. Sitting on cash, especially in the current inflationary environment, is like throwing money away or lighting it on fire. If $100 that sat in cash last year is only worth $93 today given the 7% inflation, taking that forward, even if inflation moderates back to the Fed’s target of 2%, that moderation won’t happen overnight; it will most likely settle around the 3-4% range. Even then, today’s $93 will be worth less than $90 over the next year because of the impact of inflation and loss of purchasing power associated with purely sitting in cash. “Today, people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value”, Warren Buffett.3. Know What You OwnIn the words of Peter Lynch, “Know what you own, and know why you own it.” This advice is straightforward and a no-brainer. If you cannot understand what a company does, why invest? Additionally, investing in friends’ projects or the latest meme stock because it’s trending may not be the best opportunity for you.Fortunately, Seeking Alpha’s research, news, and quant grades can help you immediately understand your investments. Notably, the quant ratings and factor grades help to provide an instant characterization of your stock, ETF, or REIT’s strength compared to its peer group.The internet and stock market are full of “tips” for getting rich quickly. Putting your money into investments simply out of fear of missing out (FOMO) without ever reading the fine print, or failing to understand the investment, can set you up for a rollercoaster ride. Stay true to your investment strategies and risk tolerance, staying the course to achieving your goals. Pick stocks that have strong fundamentals and will benefit you in the long run. A deep dive on a stock's valuation framework is just one click away.4. Focus on Good Companies And DiversifyAs the markets pull back, you may find success in identifying stocks with fair valuations that are at great price points and have taken a hit during market volatility. These securities can easily be found in our Top Stocks By Quant screen. Seeking Alpha Contributor and Strategist, Lawrence Fuller, believes a Midterm Correction Is Par For The Course. He states, “Provided there is no recession, this correction is presenting opportunities to invest in quality and value.” Paradoxically, even if you hold an opinion similar to Mike Wilson from Morgan Stanley, the market's biggest bear according to CNBC, who suggests investors are dangerously downplaying a collision between a tightening Fed and slowing growth. Largely, Mike Wilson believes the market could decline another 10% and that investors should double down on defensive stocks. As I mentioned previously, it pays to be diversified and own some of our top consumer staple stocks (food, beverages and personal hygiene) or top utility stocks (electric, gas, water, communication). If you believe inflation is a key concern, then you would want to inflation-proof your portfolio with our top energy stocks or top financial stocks. Again, it also helps to get paid while you wait for the dust to settle. Top Quant Dividend Stocks with safe dividends offer a buffer to the downside.The key to long-term investing is finding high-quality companies' stocks that are characterized with sustainable growth, solid valuation frameworks, robust profits, positive earnings revisions, and strong momentum compared to peers.As Buffett says, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” which is why I have included my Top 10 Stocks to buy in 2022, which highlights ten high-quality companies that should do well in a correction or stock market rally.It is a great start to seek out relatively priced companies able to cover their debt burden and cost of capital that isn't overleveraged relative to their industry. You want companies with a strong track record of earnings growth and high earnings quality. In rising interest rate environments, Value Stocks tend to be great investments as they tend to have strong balance sheets, especially after periods of relative underperformance in comparison to Growth Stocks and the tech stocks we've seen dominate over the last decade. However, specific growth-oriented sectors can still insulate in high interest-rate and volatile environments if they possess solid fundamentals and underlying metrics.In the long run, investing in high quality removes the need to market time Growth Vs. Value as your portfolio ultimately will be made up of both and should benefit in all market cycles relative to purely growth or purely value.5. Find Resources and Tools to Educate YourselfWhen people get scared, they tend to make emotional investing decisions, frequently trading during volatile periods. “You’ve got to be prepared when you buy a stock to have it go down 50% or more and be comfortable with it, as long as you’re comfortable with the holding,” says Buffett.There are many stock market investment research and analysis sites with helpful information. Luckily, you found Seeking Alpha to make investing easy for you and for anyone interested in self-directed investments that have a chance to outperform the market. Seeking Alpha is the world’s largest investing community, powered by the wisdom and diversity of crowdsourcing, breaking news, contributor research analysis, Quant ratings and Factor grades, Dividend Ratings, and data visualizations. Likewise, for an instant characterization of stocks, our Quant Tools are an objective, unemotional evaluation of every stock, based upon data, company financials, the stock’s price performance, and analysts’ estimates of the company’s future revenue and earnings. As an overview, here is How To Find Profitable Investing Ideas And Improve Your Portfolio With Seeking Alpha Premium.Seeking Alpha caters to all investors' needs and is designed to help you make better investing decisions. Over the last 10-years, Seeking Alpha's back-tested strategies have proven to yield impressive returns compared to the S&P 500, beating the market 9 out of 10 years. With this impartial analysis, you can select stocks suited for your risk tolerance and objectives. Create your stock screeners or use the default Seeking Alpha screens based upon the types of stock sectors you like.ConclusionExploring sites and utilizing tools so that you can make tactical investment decisions is an excellent step in navigating a volatile market without changing the overall risk level in your portfolio. Finding knowledgeable investment resources is also a great way to be a successful investor in volatile or rallying markets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981324518,"gmtCreate":1666403777634,"gmtModify":1676537752700,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":18,"repostSize":0,"link":"https://ttm.financial/post/9981324518","repostId":"1194241117","repostType":4,"repost":{"id":"1194241117","pubTimestamp":1666396890,"share":"https://ttm.financial/m/news/1194241117?lang=&edition=fundamental","pubTime":"2022-10-22 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Tesla, Sembcorp Industries and UOB Asset Management","url":"https://stock-news.laohu8.com/highlight/detail?id=1194241117","media":"The Smart Investor","summary":"Welcome to this week’s edition of top stock market highlights where we feature interesting snippets ","content":"<html><head></head><body><p>Welcome to this week’s edition of top stock market highlights where we feature interesting snippets of corporate earnings or business news.</p><h3><a href=\"https://laohu8.com/S/TSLA\">Tesla</a></h3><p>Tesla released its fiscal 2022’s third quarter (3Q2022) earnings this week.</p><p>The electric vehicle manufacturer posted a sparkling set of results and also saw a healthy jump in vehicle production and deliveries.</p><p>Total revenue jumped 56% year on year to US$21.4 billion.</p><p>Gross margin slipped slightly to 25.1% from 26.6% a year ago, but operating margin improved by 2.6 percentage points to 17.2% as operating expenses only rose 2% year on year.</p><p>Net profit for 3Q2022 doubled year on year from US$1.6 billion to US$3.3 billion, and Tesla also saw its free cash flow more than double to US$3.3 billion for the period.</p><p>The free cash flow margin improved significantly from 9.7% a year ago to 15.4%, and the company ended the quarter with US$21.1 billion of cash and investments.</p><p>The increase in revenue was attributed to higher vehicle deliveries for the quarter along with higher year on year average selling prices.</p><p>Tesla also saw total production surge by 54% year on year to 365,923 units while deliveries were up 42% year on year to 343,830.</p><p>The company provided a sanguine outlook and continues to expect a 50% average annual growth in vehicle deliveries.</p><p>It is also advancing on the industrialisation of Cybertruck, an all-electric pick-up truck made up of scratch and dent-resistant stainless steel,</p><p>Meanwhile, Tesla is also slated to start deliveries for its Class 8 truck, Tesla Semi, in December 2022, with plans to ramp production up to 50,000 units by 2024.</p><h3><a href=\"https://laohu8.com/S/U96.SI\">Sembcorp Industries Limited</a></h3><p>Sembcorp Industries Limited, or SCI, announced that it had clinched an investment licence to develop a new industrial park in Can Tho, Vietnam.</p><p>Spanning 293.7 hectares, the industrial park will be operated by the Vietnam Singapore Industrial Park (VSIP) Group.</p><p>SCI is the joint master developer of these VSIP projects along with its partner Becamex IDC Corporation.</p><p>Can Tho is classified as a Class 1 city and Vietnam’s central government has announced a new master plan to make the city a centre for trade and services by 2030.</p><p>This new plan has infrastructure investments planned that are slated to increase Can Tho’s importance as a mega food-processing and distribution hub.</p><p>CEO of Sembcorp Development, Mr Kelvin Teo, commented that SCI has a portfolio of 11 large-scale developments across eight provinces in Vietnam through the VSIP Group.</p><p>SCI’s Integrated Urban Solutions division reported revenue of S$217 million for the first half of 2022 (1H2022), flat year on year.</p><p>Net profit before exceptional items for the segment dipped by 2% year on year to S$62 million.</p><p>During 1H2022, the division commenced the development of 1,000 hectares of VSIP Binh Duong and also incorporated a joint venture company to develop a 481-hectare site at Quang Tai Industrial Park.</p><h3><a href=\"https://laohu8.com/S/U11.SI\">United Overseas Bank</a></h3><p>United Overseas Bank’s asset management arm, or UOBAM, has launched an interesting new exchange-traded fund (ETF) that retail investors can purchase.</p><p>Named UOBAM Ping An ChiNext ETF, it allows investors to access China’s ChiNext market, which is currently only limited to mainland Chinese and foreign institutional investors.</p><p>The ChiNext index comprises the 100 largest and most liquid A-shares listed on the Shenzhen Stock Exchange.</p><p>This is the first ETF launched after Singapore Exchange Limited (SGX: S68) signed a memorandum of understanding with the Shenzhen Stock Exchange.</p><p>UOBAM Ping An ChiNext ETF will provide investors with exposure to innovative growth companies and sectors in China.</p><p>Industrials take up the bulk (41%) of the ETF, with healthcare and information technology making up 22.4% and 13.5% of the ETF’s composition, respectively.</p><p>The ETF is rebalanced twice yearly and includes market leaders such as Shenzhen Mindray Bio-Medical (SHE: 300760) and Contemporary Amperex Technology (SHE: 300750).</p><p>The IPO opened yesterday and closes on 3 November with the issue price of each unit being S$1.00.</p><p>The ETF is expected to list on 14 November and can be traded in either Singapore or US dollars.</p><p>Investors have the bonus of being able to use their Supplementary Retirement Scheme (SRS) funds to invest in this new ETF, opening up yet another option to park their money for better returns.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Tesla, Sembcorp Industries and UOB Asset Management</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{ 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class=\"title\">\nSGX Weekly Review: Tesla, Sembcorp Industries and UOB Asset Management\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-22 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-telsa-sembcorp-industries-and-uob-asset-management/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to this week’s edition of top stock market highlights where we feature interesting snippets of corporate earnings or business news.TeslaTesla released its fiscal 2022’s third quarter (3Q2022) ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-telsa-sembcorp-industries-and-uob-asset-management/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","U11.SI":"大华银行","U96.SI":"胜科工业"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-telsa-sembcorp-industries-and-uob-asset-management/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194241117","content_text":"Welcome to this week’s edition of top stock market highlights where we feature interesting snippets of corporate earnings or business news.TeslaTesla released its fiscal 2022’s third quarter (3Q2022) earnings this week.The electric vehicle manufacturer posted a sparkling set of results and also saw a healthy jump in vehicle production and deliveries.Total revenue jumped 56% year on year to US$21.4 billion.Gross margin slipped slightly to 25.1% from 26.6% a year ago, but operating margin improved by 2.6 percentage points to 17.2% as operating expenses only rose 2% year on year.Net profit for 3Q2022 doubled year on year from US$1.6 billion to US$3.3 billion, and Tesla also saw its free cash flow more than double to US$3.3 billion for the period.The free cash flow margin improved significantly from 9.7% a year ago to 15.4%, and the company ended the quarter with US$21.1 billion of cash and investments.The increase in revenue was attributed to higher vehicle deliveries for the quarter along with higher year on year average selling prices.Tesla also saw total production surge by 54% year on year to 365,923 units while deliveries were up 42% year on year to 343,830.The company provided a sanguine outlook and continues to expect a 50% average annual growth in vehicle deliveries.It is also advancing on the industrialisation of Cybertruck, an all-electric pick-up truck made up of scratch and dent-resistant stainless steel,Meanwhile, Tesla is also slated to start deliveries for its Class 8 truck, Tesla Semi, in December 2022, with plans to ramp production up to 50,000 units by 2024.Sembcorp Industries LimitedSembcorp Industries Limited, or SCI, announced that it had clinched an investment licence to develop a new industrial park in Can Tho, Vietnam.Spanning 293.7 hectares, the industrial park will be operated by the Vietnam Singapore Industrial Park (VSIP) Group.SCI is the joint master developer of these VSIP projects along with its partner Becamex IDC Corporation.Can Tho is classified as a Class 1 city and Vietnam’s central government has announced a new master plan to make the city a centre for trade and services by 2030.This new plan has infrastructure investments planned that are slated to increase Can Tho’s importance as a mega food-processing and distribution hub.CEO of Sembcorp Development, Mr Kelvin Teo, commented that SCI has a portfolio of 11 large-scale developments across eight provinces in Vietnam through the VSIP Group.SCI’s Integrated Urban Solutions division reported revenue of S$217 million for the first half of 2022 (1H2022), flat year on year.Net profit before exceptional items for the segment dipped by 2% year on year to S$62 million.During 1H2022, the division commenced the development of 1,000 hectares of VSIP Binh Duong and also incorporated a joint venture company to develop a 481-hectare site at Quang Tai Industrial Park.United Overseas BankUnited Overseas Bank’s asset management arm, or UOBAM, has launched an interesting new exchange-traded fund (ETF) that retail investors can purchase.Named UOBAM Ping An ChiNext ETF, it allows investors to access China’s ChiNext market, which is currently only limited to mainland Chinese and foreign institutional investors.The ChiNext index comprises the 100 largest and most liquid A-shares listed on the Shenzhen Stock Exchange.This is the first ETF launched after Singapore Exchange Limited (SGX: S68) signed a memorandum of understanding with the Shenzhen Stock Exchange.UOBAM Ping An ChiNext ETF will provide investors with exposure to innovative growth companies and sectors in China.Industrials take up the bulk (41%) of the ETF, with healthcare and information technology making up 22.4% and 13.5% of the ETF’s composition, respectively.The ETF is rebalanced twice yearly and includes market leaders such as Shenzhen Mindray Bio-Medical (SHE: 300760) and Contemporary Amperex Technology (SHE: 300750).The IPO opened yesterday and closes on 3 November with the issue price of each unit being S$1.00.The ETF is expected to list on 14 November and can be traded in either Singapore or US dollars.Investors have the bonus of being able to use their Supplementary Retirement Scheme (SRS) funds to invest in this new ETF, opening up yet another option to park their money for better returns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982269671,"gmtCreate":1667187090294,"gmtModify":1676537873790,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":20,"repostSize":0,"link":"https://ttm.financial/post/9982269671","repostId":"2279812619","repostType":4,"repost":{"id":"2279812619","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":1667179781,"share":"https://ttm.financial/m/news/2279812619?lang=&edition=fundamental","pubTime":"2022-10-31 09:29","market":"us","language":"en","title":"Rate Squeeze Punishes Once-Triumphant Tech Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2279812619","media":"Dow Jones","summary":"Shares of the largest U.S. technology firms have fallen out of favor in the most pronounced way sinc","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/b50bce2e687a573b943ae012f3a4a897\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/></p><p>Shares of the largest U.S. technology firms have fallen out of favor in the most pronounced way since the 2000 tech bubble, victims of a shift in investors&#39; tastes inspired by rising interest rates.</p><p>The 2022 market bust has turned the popular &#34; FAANG trade&#34; -- the practice of buying fast-growing technology titans such as Facebook owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. -- into a pumpkin. Of those five companies, only Apple, down 12% this year, has outpaced the Nasdaq Composite Index&#39;s 29% decline.</p><p>For years, portfolio managers were willing to overlook the occasional blemish in the tech giants&#39; quarterly results, reasoning that there were few alternatives at a time of generally slow economic expansion. That sort of patience has evaporated this year, as investors in Meta in particular can attest following the past week&#39;s earnings-driven rout.</p><p>&#34;There was rampant speculation in the sector,&#34; said Rupal Bhansali, chief investment officer and portfolio manager of global equity strategies at Ariel Investments. With rising rates, &#34;people come back to their senses and realize we need to be more circumspect.&#34;</p><p><img src=\"https://static.tigerbbs.com/7d18116e92f987f518d569a514d9e5ac\" tg-width=\"675\" tg-height=\"459\" width=\"100%\" height=\"auto\"/></p><p>The Nasdaq index&#39;s value has dropped this year by some $8 trillion. That compares with around $5 trillion over three years in the 2000-2002 rout, a sum that would be worth about $8.6 trillion today. Technology shares have led the 2022 market decline, unlike the 2007-2009 downtown when the worst selling was in financials and housing-related shares.</p><p>In the years after the financial crisis, tech stocks seemed to go only up, notching nearly a decade of mammoth returns that drew in even more buyers. During the pandemic bust and boom in 2020 and 2021, the companies appeared immune to economic distress while fully enjoying the benefits of reopening.</p><p>That all changed this year, with the Federal Reserve&#39;s determination to break inflation. Rising rates have left tech executives and investors navigating a starkly different market environment, one that favors investments that generate cash for the holder now.</p><p>Companies including Apple, Amazon, Meta, Microsoft Corp. and Tesla Inc. have figured most in the S&amp;P 500&#39;s roughly 19% fall through Thursday, according to S&amp;P Dow Jones Indices, while shares of energy firms have risen. Meta is trading at levels not seen since 2016.</p><p>Wall Street expects more damage ahead. Analysts&#39; estimates for fourth-quarter earnings from firms in the S&amp;P 500&#39;s communication-services sector -- home to the parents of Facebook and Google -- have fallen more than for any group since the end of June, according to FactSet. Stocks in the sector are on pace for their worst year in more than two decades.</p><p>At the start of the year, Meta was one of the 10 biggest companies in the S&amp;P 500. Today, it isn&#39;t even in the top 20, with companies such as Chevron Corp. and Bank of America Corp. overtaking it.</p><p>&#34;What do you pay for a growth stock that&#39;s not growing the same way any more?&#34; said Ron Saba, a senior portfolio manager at Horizon Investments.</p><p>Mr. Saba said his firm is focusing on so-called value stocks, those deemed by investors to be trading below a measure of their net worth, and shares of economically sensitive companies such as manufacturing firms. He is particularly bullish on industrials, utilities and energy stocks, the types of companies that helped push the Dow Jones Industrial Average 5.7% higher over the past week, outpacing the S&amp;P 500.</p><p>In addition to navigating rising rates and high valuations, tech executives have been grappling with a soaring U.S. dollar, consumers whose spending power is pinched by inflation and the possibility of an economic slowdown. Intel Corp. this past week announced plans to trim costs by $3 billion next year.</p><p>Ms. Bhansali of Ariel Investments said many companies in the technology sector took their cues from investors and overspent in recent years. She thinks they will now have to adjust and still doesn&#39;t think it is a good time to invest in stocks such as Meta and Alphabet because they will likely be hurt by declining advertising revenue.</p><p>Some tech heavyweights still appear expensive despite this year&#39;s sharp pullback, analysts said. Amazon shares are trading with a price/earnings ratio of roughly 65 times projected earnings over the next 12 months, according to FactSet. The S&amp;P 500 trades at around 16 times projected earnings.</p><p>Right now, Ms. Bhansali favors companies that offer steady payouts to investors through dividends as well as those with recurring revenue through subscription services. She is also looking at telecom companies, with the thinking that consumers likely won&#39;t stop paying their mobile-phone bills during a recession.</p><p>Some companies&#39; spending is facing increased scrutiny. After Meta forecast capital spending of more than $30 billion, primarily for artificial-intelligence investments, analysts on the company&#39;s earnings call pressed executives on how the expenses would pay off.</p><p>Meta Platforms Chief Executive Mark Zuckerberg expressed confidence that his initiatives would reward shareholders who showed patience. The next day, Meta&#39;s stock dropped 25%.</p><p>To be sure, not all quarterly results have been a disaster. Apple reported record revenue in its September quarter, and its shares rallied 7.6%.</p><p>Others are hanging on. David Jeffress, a portfolio manager at Laffer Tengler Investments, said his firm didn&#39;t trim its Microsoft stake even after the company reported its weakest revenue growth in over five years. He sees underappreciated opportunities in subscription-based revenue segments such as Microsoft Teams, LinkedIn and gaming.</p><p>&#34;Selling at this point would be giving the stock away,&#34; said Mr. Jeffress.</p><p>But plenty of investors aren&#39;t showing the same sort of resolve. <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>. shares fell 28% in a day this month after the company posted its weakest sales performance since coming public, leaving the stock down 79% for 2022.</p><p>Earlier this year, executives decided to discontinue a flying selfie camera known as the Pixy just months after unveiling it. Asked about the decision at The Wall Street Journal&#39;s Tech Live conference this past week, Chief Executive Evan Spiegel responded that &#34;it is a fabulous and low-margin product in a world of 5% rates.&#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>Rate Squeeze Punishes Once-Triumphant 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; 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\">\nRate Squeeze Punishes Once-Triumphant Tech Stocks\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\">2022-10-31 09:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/b50bce2e687a573b943ae012f3a4a897\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/></p><p>Shares of the largest U.S. technology firms have fallen out of favor in the most pronounced way since the 2000 tech bubble, victims of a shift in investors&#39; tastes inspired by rising interest rates.</p><p>The 2022 market bust has turned the popular &#34; FAANG trade&#34; -- the practice of buying fast-growing technology titans such as Facebook owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. -- into a pumpkin. Of those five companies, only Apple, down 12% this year, has outpaced the Nasdaq Composite Index&#39;s 29% decline.</p><p>For years, portfolio managers were willing to overlook the occasional blemish in the tech giants&#39; quarterly results, reasoning that there were few alternatives at a time of generally slow economic expansion. That sort of patience has evaporated this year, as investors in Meta in particular can attest following the past week&#39;s earnings-driven rout.</p><p>&#34;There was rampant speculation in the sector,&#34; said Rupal Bhansali, chief investment officer and portfolio manager of global equity strategies at Ariel Investments. With rising rates, &#34;people come back to their senses and realize we need to be more circumspect.&#34;</p><p><img src=\"https://static.tigerbbs.com/7d18116e92f987f518d569a514d9e5ac\" tg-width=\"675\" tg-height=\"459\" width=\"100%\" height=\"auto\"/></p><p>The Nasdaq index&#39;s value has dropped this year by some $8 trillion. That compares with around $5 trillion over three years in the 2000-2002 rout, a sum that would be worth about $8.6 trillion today. Technology shares have led the 2022 market decline, unlike the 2007-2009 downtown when the worst selling was in financials and housing-related shares.</p><p>In the years after the financial crisis, tech stocks seemed to go only up, notching nearly a decade of mammoth returns that drew in even more buyers. During the pandemic bust and boom in 2020 and 2021, the companies appeared immune to economic distress while fully enjoying the benefits of reopening.</p><p>That all changed this year, with the Federal Reserve&#39;s determination to break inflation. Rising rates have left tech executives and investors navigating a starkly different market environment, one that favors investments that generate cash for the holder now.</p><p>Companies including Apple, Amazon, Meta, Microsoft Corp. and Tesla Inc. have figured most in the S&amp;P 500&#39;s roughly 19% fall through Thursday, according to S&amp;P Dow Jones Indices, while shares of energy firms have risen. Meta is trading at levels not seen since 2016.</p><p>Wall Street expects more damage ahead. Analysts&#39; estimates for fourth-quarter earnings from firms in the S&amp;P 500&#39;s communication-services sector -- home to the parents of Facebook and Google -- have fallen more than for any group since the end of June, according to FactSet. Stocks in the sector are on pace for their worst year in more than two decades.</p><p>At the start of the year, Meta was one of the 10 biggest companies in the S&amp;P 500. Today, it isn&#39;t even in the top 20, with companies such as Chevron Corp. and Bank of America Corp. overtaking it.</p><p>&#34;What do you pay for a growth stock that&#39;s not growing the same way any more?&#34; said Ron Saba, a senior portfolio manager at Horizon Investments.</p><p>Mr. Saba said his firm is focusing on so-called value stocks, those deemed by investors to be trading below a measure of their net worth, and shares of economically sensitive companies such as manufacturing firms. He is particularly bullish on industrials, utilities and energy stocks, the types of companies that helped push the Dow Jones Industrial Average 5.7% higher over the past week, outpacing the S&amp;P 500.</p><p>In addition to navigating rising rates and high valuations, tech executives have been grappling with a soaring U.S. dollar, consumers whose spending power is pinched by inflation and the possibility of an economic slowdown. Intel Corp. this past week announced plans to trim costs by $3 billion next year.</p><p>Ms. Bhansali of Ariel Investments said many companies in the technology sector took their cues from investors and overspent in recent years. She thinks they will now have to adjust and still doesn&#39;t think it is a good time to invest in stocks such as Meta and Alphabet because they will likely be hurt by declining advertising revenue.</p><p>Some tech heavyweights still appear expensive despite this year&#39;s sharp pullback, analysts said. Amazon shares are trading with a price/earnings ratio of roughly 65 times projected earnings over the next 12 months, according to FactSet. The S&amp;P 500 trades at around 16 times projected earnings.</p><p>Right now, Ms. Bhansali favors companies that offer steady payouts to investors through dividends as well as those with recurring revenue through subscription services. She is also looking at telecom companies, with the thinking that consumers likely won&#39;t stop paying their mobile-phone bills during a recession.</p><p>Some companies&#39; spending is facing increased scrutiny. After Meta forecast capital spending of more than $30 billion, primarily for artificial-intelligence investments, analysts on the company&#39;s earnings call pressed executives on how the expenses would pay off.</p><p>Meta Platforms Chief Executive Mark Zuckerberg expressed confidence that his initiatives would reward shareholders who showed patience. The next day, Meta&#39;s stock dropped 25%.</p><p>To be sure, not all quarterly results have been a disaster. Apple reported record revenue in its September quarter, and its shares rallied 7.6%.</p><p>Others are hanging on. David Jeffress, a portfolio manager at Laffer Tengler Investments, said his firm didn&#39;t trim its Microsoft stake even after the company reported its weakest revenue growth in over five years. He sees underappreciated opportunities in subscription-based revenue segments such as Microsoft Teams, LinkedIn and gaming.</p><p>&#34;Selling at this point would be giving the stock away,&#34; said Mr. Jeffress.</p><p>But plenty of investors aren&#39;t showing the same sort of resolve. <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>. shares fell 28% in a day this month after the company posted its weakest sales performance since coming public, leaving the stock down 79% for 2022.</p><p>Earlier this year, executives decided to discontinue a flying selfie camera known as the Pixy just months after unveiling it. Asked about the decision at The Wall Street Journal&#39;s Tech Live conference this past week, Chief Executive Evan Spiegel responded that &#34;it is a fabulous and low-margin product in a world of 5% rates.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","IVV":"标普500指数ETF","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4170":"电脑硬件、储存设备及电脑周边","BK4514":"搜索引擎","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4553":"喜马拉雅资本持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","SPY":"标普500ETF","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0444971666.USD":"天利全球科技基金","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","OEX":"标普100","BK4566":"资本集团","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BOLT":"Bolt Biotherapeutics, Inc.","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4077":"互动媒体与服务","BK4577":"网络游戏","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","BK4503":"景林资产持仓","LU0238689110.USD":"贝莱德环球动力股票基金","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4551":"寇图资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","SH":"标普500反向ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2279812619","content_text":"Shares of the largest U.S. technology firms have fallen out of favor in the most pronounced way since the 2000 tech bubble, victims of a shift in investors' tastes inspired by rising interest rates.The 2022 market bust has turned the popular \" FAANG trade\" -- the practice of buying fast-growing technology titans such as Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. -- into a pumpkin. Of those five companies, only Apple, down 12% this year, has outpaced the Nasdaq Composite Index's 29% decline.For years, portfolio managers were willing to overlook the occasional blemish in the tech giants' quarterly results, reasoning that there were few alternatives at a time of generally slow economic expansion. That sort of patience has evaporated this year, as investors in Meta in particular can attest following the past week's earnings-driven rout.\"There was rampant speculation in the sector,\" said Rupal Bhansali, chief investment officer and portfolio manager of global equity strategies at Ariel Investments. With rising rates, \"people come back to their senses and realize we need to be more circumspect.\"The Nasdaq index's value has dropped this year by some $8 trillion. That compares with around $5 trillion over three years in the 2000-2002 rout, a sum that would be worth about $8.6 trillion today. Technology shares have led the 2022 market decline, unlike the 2007-2009 downtown when the worst selling was in financials and housing-related shares.In the years after the financial crisis, tech stocks seemed to go only up, notching nearly a decade of mammoth returns that drew in even more buyers. During the pandemic bust and boom in 2020 and 2021, the companies appeared immune to economic distress while fully enjoying the benefits of reopening.That all changed this year, with the Federal Reserve's determination to break inflation. Rising rates have left tech executives and investors navigating a starkly different market environment, one that favors investments that generate cash for the holder now.Companies including Apple, Amazon, Meta, Microsoft Corp. and Tesla Inc. have figured most in the S&P 500's roughly 19% fall through Thursday, according to S&P Dow Jones Indices, while shares of energy firms have risen. Meta is trading at levels not seen since 2016.Wall Street expects more damage ahead. Analysts' estimates for fourth-quarter earnings from firms in the S&P 500's communication-services sector -- home to the parents of Facebook and Google -- have fallen more than for any group since the end of June, according to FactSet. Stocks in the sector are on pace for their worst year in more than two decades.At the start of the year, Meta was one of the 10 biggest companies in the S&P 500. Today, it isn't even in the top 20, with companies such as Chevron Corp. and Bank of America Corp. overtaking it.\"What do you pay for a growth stock that's not growing the same way any more?\" said Ron Saba, a senior portfolio manager at Horizon Investments.Mr. Saba said his firm is focusing on so-called value stocks, those deemed by investors to be trading below a measure of their net worth, and shares of economically sensitive companies such as manufacturing firms. He is particularly bullish on industrials, utilities and energy stocks, the types of companies that helped push the Dow Jones Industrial Average 5.7% higher over the past week, outpacing the S&P 500.In addition to navigating rising rates and high valuations, tech executives have been grappling with a soaring U.S. dollar, consumers whose spending power is pinched by inflation and the possibility of an economic slowdown. Intel Corp. this past week announced plans to trim costs by $3 billion next year.Ms. Bhansali of Ariel Investments said many companies in the technology sector took their cues from investors and overspent in recent years. She thinks they will now have to adjust and still doesn't think it is a good time to invest in stocks such as Meta and Alphabet because they will likely be hurt by declining advertising revenue.Some tech heavyweights still appear expensive despite this year's sharp pullback, analysts said. Amazon shares are trading with a price/earnings ratio of roughly 65 times projected earnings over the next 12 months, according to FactSet. The S&P 500 trades at around 16 times projected earnings.Right now, Ms. Bhansali favors companies that offer steady payouts to investors through dividends as well as those with recurring revenue through subscription services. She is also looking at telecom companies, with the thinking that consumers likely won't stop paying their mobile-phone bills during a recession.Some companies' spending is facing increased scrutiny. After Meta forecast capital spending of more than $30 billion, primarily for artificial-intelligence investments, analysts on the company's earnings call pressed executives on how the expenses would pay off.Meta Platforms Chief Executive Mark Zuckerberg expressed confidence that his initiatives would reward shareholders who showed patience. The next day, Meta's stock dropped 25%.To be sure, not all quarterly results have been a disaster. Apple reported record revenue in its September quarter, and its shares rallied 7.6%.Others are hanging on. David Jeffress, a portfolio manager at Laffer Tengler Investments, said his firm didn't trim its Microsoft stake even after the company reported its weakest revenue growth in over five years. He sees underappreciated opportunities in subscription-based revenue segments such as Microsoft Teams, LinkedIn and gaming.\"Selling at this point would be giving the stock away,\" said Mr. Jeffress.But plenty of investors aren't showing the same sort of resolve. Snap Inc. shares fell 28% in a day this month after the company posted its weakest sales performance since coming public, leaving the stock down 79% for 2022.Earlier this year, executives decided to discontinue a flying selfie camera known as the Pixy just months after unveiling it. Asked about the decision at The Wall Street Journal's Tech Live conference this past week, Chief Executive Evan Spiegel responded that \"it is a fabulous and low-margin product in a world of 5% rates.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":3,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995202172,"gmtCreate":1661471523899,"gmtModify":1676536524155,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995202172","repostId":"1153153537","repostType":4,"repost":{"id":"1153153537","pubTimestamp":1661502349,"share":"https://ttm.financial/m/news/1153153537?lang=&edition=fundamental","pubTime":"2022-08-26 16:25","market":"us","language":"en","title":"SPY: The World Of 4,818 Faces An Uncertain Future","url":"https://stock-news.laohu8.com/highlight/detail?id=1153153537","media":"Seeking Alpha","summary":"SummaryAfter a sharp decline, the U.S. stock market, in particular, has staged a powerful rally, wit","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>After a sharp decline, the U.S. stock market, in particular, has staged a powerful rally, with the S&amp;P and Nasdaq up 20% and 25% from the June lows.</li><li>In this article, I briefly review how we got to &#34;The world of 4,818.&#34; I then submit why I believe we aren&#39;t returning to that world anytime soon.</li><li>Finally, I offer a few observations as to what this might mean for your portfolio.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/848620917b37246e8700ad06034642a4\" tg-width=\"1080\" tg-height=\"1074\" referrerpolicy=\"no-referrer\"/><span>DNY59</span></p><p>This past May 15, I wrote an article based on a then-recent note from Credit Suisse Investment Strategist Zoltan Pozsar.</p><p>Here&#39;s just a tiny snippet of what I wrote inthat article.</p><blockquote>As Pozsar says, the message [of recent quotes from Bill Dudley, former President of the Federal Reserve Bank of New York], could not be clearer. What might this entail? <i>Pozsar suggests that the Fed could go as far as engineering &#34;a (covert) recession . . . in order to maintain price stability.</i>&#34; (Italics mine)</blockquote><p>Not long after that, in roughly mid-June, the S&amp;P index bottomed around the 3,636 range, and the Nasdaq at 10,565. Based on Pozsar&#39;s observations, I felt at the time that the market might experience a small relief rally but then fall back again, possibly even to the 3,400 range on the S&amp;P.</p><p>Sure enough, the market rallied. So far, so good. But then it<i>continued</i>to rally, doing so to a much greater extent than I would have thought possible. During the trading session of August 16, the S&amp;P briefly touched 4,325 and the Nasdaq 13,181, roughly 20% and 25% above those June lows.</p><p>Some of this powerful rally came after the July, 2022 inflation number came in at 8.5%, surprising to the downside for the first time in a while. This likely led to the thought that we may have been on our way &#34;out of the woods,&#34; so to speak, in the battle against inflation. As for me, I left money on the table during this rally. While I was fortunate enough to increase my weighting in stocks fairly close to those June lows, I sold that additional weighting far too soon into the upturn.</p><p>Certainly, this was a humbling experience, and it caused me to spend a fair amount of time reading analysis from qualified sources I respect. In short, that review only strengthened my belief that the strength of the recent rally was a mirage, and that we are in for some fairly challenging times ahead.</p><p><b>Revisiting The World Of 4,818</b></p><p>The S&amp;P 500 reached its all-time high of 4,818 during the trading session of January 4, 2022.</p><p>To properly understand some of the challenges ahead, it helps to take a brief look at how we got to 4,818 in the first place. Now, please do not take my reference to 4,818 to mean that there were no issues before January 4, far from it. At the same time, that high was achieved based on a set of economic circumstances that I will go on to argue may not repeat themselves in the foreseeable future.</p><p>Commentators on the recent rally have expressed the view that investors appear to believe that a &#34;Goldilocks&#34; financial environment can continue. Here&#39;s one example, from Morgan Stanley.</p><blockquote>These developments indicate markets may be counting on a &#34;Goldilocks&#34; scenario, where policymakers tame inflation with limited damage to economic growth and keep long-term rates low by historical standards.</blockquote><p>Very briefly, let&#39;s touch on the &#34;Goldilocks&#34; environment that got us to 4,818. We&#39;ll start at the point of the Global Financial Crisis (GFC) in 2009.</p><p>Following the Global Financial Crisis, or GFC, in addition to lowering short-term interest rates to zero the Fed engaged in what is known as quantitative easing (QE). Normally, monetary policy this stimulative in nature would have led to inflation. And yet, the U.S. inflation rate remained low.</p><p>Between 2010 and 2017, the Consumer Price Index CPI ranged between 0.12% to 3.1%, averaging roughly 2%. In Goldilocks&#39; terms, this can be considered &#34;just right&#34;.</p><p>In 2018, inflation experienced a small upwards blip, to 2.44%. However, in 2019, inflation slid back below the Fed&#39;s 2% target, dropping to 1.8%.</p><p>In 2020, COVID hit. This sudden shock to the economy caused yet more stimulus to be introduced. In combination, the effect of this was to both increase the money supply, as well as hold down longer-term interest rates.</p><p>In time, however, inflation started to raise its ugly head. The pandemic led to a drop in spending on services but a sharp increase in spending on goods, as people found themselves confined to their homes. Then came supply chain issues, followed by the war in Ukraine.</p><p>In spite of this, the Fed left monetary stimulus in place through the entirety of 2021, contending that such inflation would be &#34;transitory&#34; in nature. It was not until February 18, 2022 that the Fed approved a 1/4 percent interest rate hike.</p><p><b>However, the picture goes much deeper than the Fed</b>. There were many other factors that could be described in &#34;Goldilocks&#34; terms that led to 4,818. In large part, these were <b>geopolitical</b> in nature.</p><p>Here is how Zoltan Pozsar expressed this, in a very recent note. He started by referencing cheap immigrant labor keeping service sector wages stagnant in the U.S., cheap goods from China, and cheap Russian gas. He capped it with this marvelously-worded explanation.</p><blockquote>U.S. consumers were soaking up all the cheap stuff the world had to offer: the asset rich, benefiting from decades of QE, bought high-end stuff from Europe produced using cheap Russian gas, and lower-income households bought all the cheap stuff coming from China. All this has worked for decades,<i>until nativism, protectionism, and geopolitics destabilized the low inflation world</i>. (Italics mine, for emphasis)</blockquote><p>In short, in the biggest of all pictures, for the past few decades the world trended towards globalization. Taking advantage of cheap labor and resources, strong supply chains were built. Goods were produced as cheaply as possible, then transported efficiently to the ultimate consumer. In the quote above, Pozsar refers to this as the &#34;low inflation world.&#34;</p><p>With respect to geopolitics, certainly there were several wars and other conflicts in specific areas of the globe. Nevertheless, there was at least what might be described as mutually-beneficial tolerance between the world&#39;s major powers, notably the United States, China, and Russia.</p><p><b>The World of 4,818 Confronts Change</b></p><p>As investors, however, we must look forward as opposed to backwards, to the future instead of the past. Here, to me, is the million-dollar question (perhaps literally for some of us).</p><p><i>Do you believe the world of at least the near-term future will be the same world as the one that got us to 4,818</i>?</p><p>Let&#39;s briefly talk about two related reasons why it may be very difficult for this to be the case.</p><p><b>Challenge #1: Inflation - Including Monetary Inflation</b></p><p>Briefly, inflation becomes an enemy when the total funds available from money, income, and credit fuel an excess level of spending in relation to the quantity of goods and services that are available.</p><p>Think about that last sentence for just a minute. You have likely read about the sharp increase in the M2 money supply as a result of COVID-related stimulus. However, the contribution of excess<i>credit</i>at low interest rates must also be considered.</p><p>In short, an individual earns<i>income</i>from productive labor, whatever that may be. In addition to this, however, they may have access to<i>credit</i>. In the short term, this allows an individual to spend beyond his or her income. In total, all of that money chases goods and services. When there is an excess of this, inflation becomes an issue.</p><p>With that thought in mind, here is a look at the Q2 2022 report on total U.S. household debt, from the New York Fed.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf6b0d13c5a6650c2958181a32d51c0a\" tg-width=\"640\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/><span>Total U.S. Household Debt (Federal Reserve Bank of New York)</span></p><p>Looking at the graphic, it becomes clear that the overall amount of U.S. household debt continues to rise. In fact, during Q2 it increased by $312 billion (2%) to $16.15 trillion. This is $2 trillion higher than at the end of 2019, before the COVID-19 pandemic.</p><p>In addition to income, then, this growing amount of<i>credit</i>has contributed to inflation. Sharply rising housing prices, perhaps even more so than the rising stock market, have contributed to the inflation of household balance sheets. In other words, people feel rich, so they spend. And spend. And spend.</p><p>Here&#39;s the specific issue, however, that seems troubling to me. It would appear that, whether spending on genuine needs or to maintain a desired lifestyle, the American consumer is turning to debt to an even greater degree.</p><p>Here&#39;s an excerpt from the written summary provided with the above graphic.</p><blockquote><i>Credit card balances saw a $46 billion increase since the first quarter - although seasonal patterns typically include an increase in the second quarter, the 13% year-over-year increase marked the largest in more than 20 years.</i>. . . Auto loan balances increased by $33 billion in the second quarter, continuing the upward trajectory that has been in place since 2011. Other balances, which include retail cards and other consumer loans, increased by a robust $25 billion.<i>In total, non-housing balances grew by $103 billion, a 2.4% increase from the previous quarter, the largest increase seen since 2016.</i>(Italics mine)</blockquote><p>Summarized, of the $312 billion increase in overall debt during the quarter, roughly one-third of that had nothing to do with housing, but related either to auto loans, credit cards, and other consumer loans.</p><p>How may this affect the stock market, and even the housing market, going forward? Simply put, it does not appear that the Pandora&#39;s box of inflation will be easily closed.</p><p>In the opening section of this article, I introduced the thought that some may believe that, after a quick round of tightening, the Fed will &#34;chicken out&#34; and cut interest rates, perhaps even in early-2023.</p><p>As it happens, Minneapolis Fed President Neel Kashkari recently participated in a panel discussion, &#34;Is the U.S. Headed for Stagflation?&#34; at the Aspen Economic Strategy Group&#39;s 2022 annual meeting in Aspen, Colorado.</p><p>I will simply say that, over the course of many comments,Kashkari painted that view as unrealistic. Here is just one brief snippet from his words:</p><blockquote><i>The idea that we are going to start cutting rates early next year, when inflation is very likely going to be well, well, well in excess of our target, I just think it&#39;s not realistic</i>. I think a much more likely scenario is that we will raise rates to some point and then we will sit there until we get convinced that inflation is well on its way back down to 2% before I would think about easing back on interest rates.&#34; (Italics mine)</blockquote><p>In summary, unless one believes that we will quickly get back to an environment of easy money, further stimulus, and cheap credit, it will be difficult to quickly return to the world of 4,818.</p><p><b>Challenge #2: Geopolitical Shocks</b></p><p>As featured earlier, for decades now, we have lived in a world of increasing globalization, improving supply chains, and cheap resources (labor, goods, and commodities).</p><p>I won&#39;t spend as much time dissecting this challenge as I did the previous challenge, that of inflation. All it takes is a couple of hours spent reading commentary from quality news sources to understand that this era is tremendously at risk, if not over for the foreseeable future.</p><p>In February, long-simmering tensions between Russia and the West (including NATO) became a &#34;hot war&#34; as Russia - Ukraine collision. Commentators suggest that this was inspired by Vladimir Putin&#39;s world view of a Russia that assumes its rightful place in the world, as leader of a Eurasian empire that stands in opposition to the &#34;decadent&#34; west.</p><p>These events have had significant economic ramifications, and not in a good way. Europe, in particular, may be headed for an extremely difficult winter.</p><p>Meanwhile, China appears to be bent on reversing what Chinese refer to as the &#34;Century of Humiliation&#34;. Following reforms initiated by Deng Xiaoping that led to an impressive economic and military ascent. Additionally, recent events in Taiwan have led to the highest level of tension between the U.S. and China in modern history.</p><p>In short, all of these developments wreak havoc with the deflationary environment that prevailed for many years, contributing instead to inflationary pressures, such as broken supply chains, COVID lockdowns in China, and the like.</p><p>These issues, then, form a second challenge in quickly returning to the world of 4,818.</p><p><b>Putting It All Together</b></p><p>I don&#39;t claim to know how all of this will play out any more than anyone else does. However, while I won&#39;t go as far as calling what got us to 4,818 as a bubble, at the very least it would appear to be a confluence of circumstances that are likely a thing of the past, at least in the foreseeable future.</p><p>However, here are a few things to consider.</p><p>We may well be in for a multi-year period of volatility, similar to what we have experienced in 2022. Growth may slow, and inflation may prove more persistent than any of us would like.</p><p>Ironically, after the worst start to a year for the traditional 60/40 portfolio since the 1970s, bonds and TIPS may be getting more attractive. The income level across the board is higher. If the actions of the Fed have the desired effect, and inflation gradually subsides, returns from bonds and TIPS may help to stabilize one&#39;s portfolio.</p><p>Finally, keep an eye on international stocks, and in particular those of emerging markets. While the road ahead will almost certainly be difficult, valuations are relatively low, offering the potential for gains for investors with a long-term perspective.</p><p>Thanks for taking the time to consider this somewhat lengthy article. I hope it has given you something to think about, and possibly even some things to argue about in the comments section below.</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>SPY: The World Of 4,818 Faces An Uncertain Future</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\">\nSPY: The World Of 4,818 Faces An Uncertain Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 16:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4536684-spy-the-world-of-4818-faces-an-uncertain-future><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAfter a sharp decline, the U.S. stock market, in particular, has staged a powerful rally, with the S&P and Nasdaq up 20% and 25% from the June lows.In this article, I briefly review how we got ...</p>\n\n<a href=\"https://seekingalpha.com/article/4536684-spy-the-world-of-4818-faces-an-uncertain-future\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4536684-spy-the-world-of-4818-faces-an-uncertain-future","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153153537","content_text":"SummaryAfter a sharp decline, the U.S. stock market, in particular, has staged a powerful rally, with the S&P and Nasdaq up 20% and 25% from the June lows.In this article, I briefly review how we got to \"The world of 4,818.\" I then submit why I believe we aren't returning to that world anytime soon.Finally, I offer a few observations as to what this might mean for your portfolio.DNY59This past May 15, I wrote an article based on a then-recent note from Credit Suisse Investment Strategist Zoltan Pozsar.Here's just a tiny snippet of what I wrote inthat article.As Pozsar says, the message [of recent quotes from Bill Dudley, former President of the Federal Reserve Bank of New York], could not be clearer. What might this entail? Pozsar suggests that the Fed could go as far as engineering \"a (covert) recession . . . in order to maintain price stability.\" (Italics mine)Not long after that, in roughly mid-June, the S&P index bottomed around the 3,636 range, and the Nasdaq at 10,565. Based on Pozsar's observations, I felt at the time that the market might experience a small relief rally but then fall back again, possibly even to the 3,400 range on the S&P.Sure enough, the market rallied. So far, so good. But then itcontinuedto rally, doing so to a much greater extent than I would have thought possible. During the trading session of August 16, the S&P briefly touched 4,325 and the Nasdaq 13,181, roughly 20% and 25% above those June lows.Some of this powerful rally came after the July, 2022 inflation number came in at 8.5%, surprising to the downside for the first time in a while. This likely led to the thought that we may have been on our way \"out of the woods,\" so to speak, in the battle against inflation. As for me, I left money on the table during this rally. While I was fortunate enough to increase my weighting in stocks fairly close to those June lows, I sold that additional weighting far too soon into the upturn.Certainly, this was a humbling experience, and it caused me to spend a fair amount of time reading analysis from qualified sources I respect. In short, that review only strengthened my belief that the strength of the recent rally was a mirage, and that we are in for some fairly challenging times ahead.Revisiting The World Of 4,818The S&P 500 reached its all-time high of 4,818 during the trading session of January 4, 2022.To properly understand some of the challenges ahead, it helps to take a brief look at how we got to 4,818 in the first place. Now, please do not take my reference to 4,818 to mean that there were no issues before January 4, far from it. At the same time, that high was achieved based on a set of economic circumstances that I will go on to argue may not repeat themselves in the foreseeable future.Commentators on the recent rally have expressed the view that investors appear to believe that a \"Goldilocks\" financial environment can continue. Here's one example, from Morgan Stanley.These developments indicate markets may be counting on a \"Goldilocks\" scenario, where policymakers tame inflation with limited damage to economic growth and keep long-term rates low by historical standards.Very briefly, let's touch on the \"Goldilocks\" environment that got us to 4,818. We'll start at the point of the Global Financial Crisis (GFC) in 2009.Following the Global Financial Crisis, or GFC, in addition to lowering short-term interest rates to zero the Fed engaged in what is known as quantitative easing (QE). Normally, monetary policy this stimulative in nature would have led to inflation. And yet, the U.S. inflation rate remained low.Between 2010 and 2017, the Consumer Price Index CPI ranged between 0.12% to 3.1%, averaging roughly 2%. In Goldilocks' terms, this can be considered \"just right\".In 2018, inflation experienced a small upwards blip, to 2.44%. However, in 2019, inflation slid back below the Fed's 2% target, dropping to 1.8%.In 2020, COVID hit. This sudden shock to the economy caused yet more stimulus to be introduced. In combination, the effect of this was to both increase the money supply, as well as hold down longer-term interest rates.In time, however, inflation started to raise its ugly head. The pandemic led to a drop in spending on services but a sharp increase in spending on goods, as people found themselves confined to their homes. Then came supply chain issues, followed by the war in Ukraine.In spite of this, the Fed left monetary stimulus in place through the entirety of 2021, contending that such inflation would be \"transitory\" in nature. It was not until February 18, 2022 that the Fed approved a 1/4 percent interest rate hike.However, the picture goes much deeper than the Fed. There were many other factors that could be described in \"Goldilocks\" terms that led to 4,818. In large part, these were geopolitical in nature.Here is how Zoltan Pozsar expressed this, in a very recent note. He started by referencing cheap immigrant labor keeping service sector wages stagnant in the U.S., cheap goods from China, and cheap Russian gas. He capped it with this marvelously-worded explanation.U.S. consumers were soaking up all the cheap stuff the world had to offer: the asset rich, benefiting from decades of QE, bought high-end stuff from Europe produced using cheap Russian gas, and lower-income households bought all the cheap stuff coming from China. All this has worked for decades,until nativism, protectionism, and geopolitics destabilized the low inflation world. (Italics mine, for emphasis)In short, in the biggest of all pictures, for the past few decades the world trended towards globalization. Taking advantage of cheap labor and resources, strong supply chains were built. Goods were produced as cheaply as possible, then transported efficiently to the ultimate consumer. In the quote above, Pozsar refers to this as the \"low inflation world.\"With respect to geopolitics, certainly there were several wars and other conflicts in specific areas of the globe. Nevertheless, there was at least what might be described as mutually-beneficial tolerance between the world's major powers, notably the United States, China, and Russia.The World of 4,818 Confronts ChangeAs investors, however, we must look forward as opposed to backwards, to the future instead of the past. Here, to me, is the million-dollar question (perhaps literally for some of us).Do you believe the world of at least the near-term future will be the same world as the one that got us to 4,818?Let's briefly talk about two related reasons why it may be very difficult for this to be the case.Challenge #1: Inflation - Including Monetary InflationBriefly, inflation becomes an enemy when the total funds available from money, income, and credit fuel an excess level of spending in relation to the quantity of goods and services that are available.Think about that last sentence for just a minute. You have likely read about the sharp increase in the M2 money supply as a result of COVID-related stimulus. However, the contribution of excesscreditat low interest rates must also be considered.In short, an individual earnsincomefrom productive labor, whatever that may be. In addition to this, however, they may have access tocredit. In the short term, this allows an individual to spend beyond his or her income. In total, all of that money chases goods and services. When there is an excess of this, inflation becomes an issue.With that thought in mind, here is a look at the Q2 2022 report on total U.S. household debt, from the New York Fed.Total U.S. Household Debt (Federal Reserve Bank of New York)Looking at the graphic, it becomes clear that the overall amount of U.S. household debt continues to rise. In fact, during Q2 it increased by $312 billion (2%) to $16.15 trillion. This is $2 trillion higher than at the end of 2019, before the COVID-19 pandemic.In addition to income, then, this growing amount ofcredithas contributed to inflation. Sharply rising housing prices, perhaps even more so than the rising stock market, have contributed to the inflation of household balance sheets. In other words, people feel rich, so they spend. And spend. And spend.Here's the specific issue, however, that seems troubling to me. It would appear that, whether spending on genuine needs or to maintain a desired lifestyle, the American consumer is turning to debt to an even greater degree.Here's an excerpt from the written summary provided with the above graphic.Credit card balances saw a $46 billion increase since the first quarter - although seasonal patterns typically include an increase in the second quarter, the 13% year-over-year increase marked the largest in more than 20 years.. . . Auto loan balances increased by $33 billion in the second quarter, continuing the upward trajectory that has been in place since 2011. Other balances, which include retail cards and other consumer loans, increased by a robust $25 billion.In total, non-housing balances grew by $103 billion, a 2.4% increase from the previous quarter, the largest increase seen since 2016.(Italics mine)Summarized, of the $312 billion increase in overall debt during the quarter, roughly one-third of that had nothing to do with housing, but related either to auto loans, credit cards, and other consumer loans.How may this affect the stock market, and even the housing market, going forward? Simply put, it does not appear that the Pandora's box of inflation will be easily closed.In the opening section of this article, I introduced the thought that some may believe that, after a quick round of tightening, the Fed will \"chicken out\" and cut interest rates, perhaps even in early-2023.As it happens, Minneapolis Fed President Neel Kashkari recently participated in a panel discussion, \"Is the U.S. Headed for Stagflation?\" at the Aspen Economic Strategy Group's 2022 annual meeting in Aspen, Colorado.I will simply say that, over the course of many comments,Kashkari painted that view as unrealistic. Here is just one brief snippet from his words:The idea that we are going to start cutting rates early next year, when inflation is very likely going to be well, well, well in excess of our target, I just think it's not realistic. I think a much more likely scenario is that we will raise rates to some point and then we will sit there until we get convinced that inflation is well on its way back down to 2% before I would think about easing back on interest rates.\" (Italics mine)In summary, unless one believes that we will quickly get back to an environment of easy money, further stimulus, and cheap credit, it will be difficult to quickly return to the world of 4,818.Challenge #2: Geopolitical ShocksAs featured earlier, for decades now, we have lived in a world of increasing globalization, improving supply chains, and cheap resources (labor, goods, and commodities).I won't spend as much time dissecting this challenge as I did the previous challenge, that of inflation. All it takes is a couple of hours spent reading commentary from quality news sources to understand that this era is tremendously at risk, if not over for the foreseeable future.In February, long-simmering tensions between Russia and the West (including NATO) became a \"hot war\" as Russia - Ukraine collision. Commentators suggest that this was inspired by Vladimir Putin's world view of a Russia that assumes its rightful place in the world, as leader of a Eurasian empire that stands in opposition to the \"decadent\" west.These events have had significant economic ramifications, and not in a good way. Europe, in particular, may be headed for an extremely difficult winter.Meanwhile, China appears to be bent on reversing what Chinese refer to as the \"Century of Humiliation\". Following reforms initiated by Deng Xiaoping that led to an impressive economic and military ascent. Additionally, recent events in Taiwan have led to the highest level of tension between the U.S. and China in modern history.In short, all of these developments wreak havoc with the deflationary environment that prevailed for many years, contributing instead to inflationary pressures, such as broken supply chains, COVID lockdowns in China, and the like.These issues, then, form a second challenge in quickly returning to the world of 4,818.Putting It All TogetherI don't claim to know how all of this will play out any more than anyone else does. However, while I won't go as far as calling what got us to 4,818 as a bubble, at the very least it would appear to be a confluence of circumstances that are likely a thing of the past, at least in the foreseeable future.However, here are a few things to consider.We may well be in for a multi-year period of volatility, similar to what we have experienced in 2022. Growth may slow, and inflation may prove more persistent than any of us would like.Ironically, after the worst start to a year for the traditional 60/40 portfolio since the 1970s, bonds and TIPS may be getting more attractive. The income level across the board is higher. If the actions of the Fed have the desired effect, and inflation gradually subsides, returns from bonds and TIPS may help to stabilize one's portfolio.Finally, keep an eye on international stocks, and in particular those of emerging markets. While the road ahead will almost certainly be difficult, valuations are relatively low, offering the potential for gains for investors with a long-term perspective.Thanks for taking the time to consider this somewhat lengthy article. I hope it has given you something to think about, and possibly even some things to argue about in the comments section below.","news_type":1},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9073685847,"gmtCreate":1657334262689,"gmtModify":1676535993827,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9073685847","repostId":"2249893579","repostType":4,"repost":{"id":"2249893579","pubTimestamp":1657337337,"share":"https://ttm.financial/m/news/2249893579?lang=&edition=fundamental","pubTime":"2022-07-09 11:28","market":"us","language":"en","title":"Nvidia: Time To Buy The King Of Data Centers","url":"https://stock-news.laohu8.com/highlight/detail?id=2249893579","media":"Seekingalpha","summary":"Nvidia Corporation's (NASDAQ:NVDA) data center segment has overtaken its Gaming segment to become it","content":"<html><head></head><body><p>Nvidia Corporation&#39;s (NASDAQ:NVDA) data center segment has overtaken its Gaming segment to become its largest segment, in its Q1 FY2023, growing robustly by 83% YoY. Based on the company’s breakdown of its data center business across 6 data center classes, we examined its product offering that caters to these customers and determined the outlook of its data center business segment as a whole.</p><p>Moreover, we looked into the company’s product offerings of its GPUs and software to offer the full stack for data centers and how it is integrating AI and software functionalities to build on its data center leadership.</p><p>As it recently introduced its Arm CPU products for data centers, we analyzed the Arm CPU market and the players within, and projected its share vs x86 processors. Based on this, we estimated the market opportunity for Nvidia and its revenue growth.</p><h2><b>Dominating Data Centers Across All 6 Classes</b></h2><p>Nvidia’s data center segment has become its largest segment accounting for 45% of revenues in Q1 FY2023 and had the highest growth CAGR of 73.8% in the past 5 years. Its computing platform consists of hardware and software such as GPUs, DPUs, interconnects and systems, CUDA programming model and software libraries. According to Nvidia’s CEO, the company listed 6 types of data center classes: supercomputing centers, enterprise computing data centers, hyperscalers, cloud computing and two new classes which are FactoryAI and edge data centers. In the table below, we compiled the different data center classes by their market sizes, forecast CAGR, location, applications, users, relative compute power and footprint.</p><table><tbody><tr><td><p><b>Data Center</b></p></td><td><p><b>Market Size ($ bln)</b></p></td><td><p><b>Market Forecast CAGR</b></p></td><td><p><b>Computer Power</b></p></td><td><p><b>Location</b></p></td><td><p><b>Footprint (&#39;size&#39;)</b></p></td><td><p><b>Types of Users/ Operators</b></p></td><td><p><b>Applications</b></p></td></tr><tr><td><p>Supercomputing Data Center</p></td><td><p>6.5</p></td><td><p>16.2%</p></td><td><p>Very High</p></td><td><p>Self-operated</p></td><td><p>Large</p></td><td><p>Governments, aerospace, petroleum, and automotive industries</p></td><td><p>HPC, quantum mechanics, weather forecasting, oil and gas exploration, molecular modeling, physical simulations, aerodynamics, nuclear fusion research</p></td></tr><tr><td><p>Hyperscale Data Center</p></td><td><p>32.2</p></td><td><p>14.9%</p></td><td><p>High</p></td><td><p>Self-operated</p></td><td><p>Very Large</p></td><td><p>Large multinational companies, cloud service providers</p></td><td><p>Colocation, cryptography, genome processing, and 3D rendering</p></td></tr><tr><td><p>Enterprise Data Center</p></td><td><p>84.2</p></td><td><p>12.0%</p></td><td><p>Low</p></td><td><p>Self-operated</p></td><td><p>Medium</p></td><td><p>Enterprises (Various industries)</p></td><td><p>Company networks and systems (Various industries)</p></td></tr><tr><td><p>Cloud Computing Data Center</p></td><td><p>358.8</p></td><td><p>16.4%</p></td><td><p>High</p></td><td><p>Third-party</p></td><td><p>Very Large</p></td><td><p>Cloud service providers</p></td><td><p>Cloud-native application development, storage (IaaS), streaming, data analytics</p></td></tr><tr><td><p>Edge Data Center</p></td><td><p>7.9</p></td><td><p>17.0%</p></td><td><p>Medium</p></td><td><p>Third-party</p></td><td><p>Medium</p></td><td><p>Edge Data Center Companies, Telco, Healthcare</p></td><td><p>5G, AV, Telemedicine, data analytics,</p></td></tr><tr><td><p>Factory AI Data Center</p></td><td><p>2.3</p></td><td><p>47.9%</p></td><td><p>Medium</p></td><td><p>Self-operated</p></td><td><p>Low</p></td><td><p>Manufacturers</p></td><td><p>Supply Chain Optimization, Predictive Maintenance, Process Control</p></td></tr></tbody></table><p><i>Source: Research and Markets, Nvidia, Khaveen Investments</i></p><p>To illustrate the market sizes of each data center class, we compiled the market revenues and forecast CAGR of each data center class based on Research and Markets. Based on the table above, cloud computing is the largest ($359 bln) as it consists of major cloud service providers including AWS, Azure and Google Cloud. this is followed by Enterprise Data Centers. Overall, the combined market size of the 6 data center classes is worth around $491 bln. However, the new data center classes, Factory AI and edge data center, have the highest CAGR of 47.9% and 17% respectively.</p><h3><b>Supercomputing Data Center</b></h3><p>Firstly, supercomputing data centers which are computers with much higher computational capacities supporting intensive applications such as</p><blockquote>HPC, quantum mechanics, weather forecasting, oil and gas exploration, molecular modeling, physical simulations, aerodynamics, nuclear fusion research.</blockquote><p>In 2021, Nvidia claimed that 70% of the TOP500 supercomputers in the world are powered by its accelerators and it&#39;s even higher at 90% for new systems. The company had remarkable growth in this area over the past 10 years from 34% share of the TOP500 systems in 2011. For example, the company’s GPUs power the fastest supercomputers in the U.S. and Europe like the Oak Ridge National Labs’ Summit, the world’s smartest supercomputer. The company has recently introduced its H100 GPUs based on its Hopper architecture which follows its A100 GPUs based on its Ampere architecture. Supercomputers are equipped with a large number of GPUs, previously Nvidia stated that 6 supercomputers used a total of 13,000 A100 GPUs.</p><h3><b>Enterprise Data Center</b></h3><p>Besides supercomputers, the company also targets enterprise systems. According to Cisco, compared to other types of data centers, enterprise data centers are built and operated by companies within their premises and optimized for their users to support their data and storage requirements by companies in various industries such as IT, financial services, and healthcare. However, in comparison, hyperscale data centers have higher compute capacities. Based on Nvidia, its NVIDIA-Certified System</p><blockquote>enable enterprises to confidently deploy hardware solutions that securely and optimally run their modern accelerated workloads.</blockquote><p>The company’s Nvidia-certified data center partners include the top server providers such as Lenovo (OTCPK:LNVGY), Fujitsu (OTCPK:FJTSF), Dell (DELL), Cisco (CSCO), and HPE (HPE), with a combined market share of over 38% of the server market based on the IDC. Also, the company introduced its EGX for enterprise as well as edge computing.</p><h3><b>Hyperscale Data Centers</b></h3><p>Moreover, Nvidia also targets hyperscale data centers which are massive facilities exceeding 5,000 servers and 10,000 square feet according to the IDC. They are “designed to support robust and scalable applications” due to their agility to scale up or down to meet customers’ demands by adding more computing power to their infrastructure. For example, companies which operate these facilities include Yahoo, Facebook (META), Microsoft (MSFT), Apple (AAPL), Google (GOOG, GOOGL) and Amazon (AMZN). According to Vertiv, there were more than 600 hyperscale data centers in 2021. Nvidia has “ready-to-use system reference designs” based on its GPUs such as its HGX product for hyperscale and supercomputing data centers.</p><h3><b>Cloud Computing </b></h3><p>Additionally, the company also underline cloud computing data centers, allowing customers and developers to leverage Nvidia’s hardware through the cloud to support applications such as advanced medical imaging, automated customer service, and cinematic-quality gaming. According to Microsoft, cloud computing is the delivery of computing services over the internet with services such as IaaS, PaaS and SaaS with use cases including creating cloud-native applications, streaming and data analytics. Besides that, Nvidia has partnerships with major cloud service providers including Amazon, the market leader in the cloud infrastructure market with a 33% market share in 2021 according to Canalys, trailed by Microsoft Azure, Google Cloud and Alibaba Cloud (BABA, OTCPK:BABAF). These cloud providers are also part of the company’s partner ecosystem.</p><blockquote>And now, with NVIDIA’s GPU-accelerated solutions available through all top cloud platforms, innovators everywhere can access massive computing power on demand and with ease. – Nvidia</blockquote><h3><b>AI Factory </b></h3><p>In addition to these 4 classes of data centers, the company also highlighted the first new data center class which is “AI Factory.” According to CEO Jensen Huang, manufacturers are becoming “intelligence manufacturers” processing and refining data. The company highlighted its GPU-accelerated computing for applications leveraging AI including Supply Chain Optimization, Predictive Maintenance and Process Control for operations optimization improved time-to-insight and lower cost. According to Nvidia’s CEO, the company highlighted 150,000 factories refining data, creating models and becoming intelligence manufacturers. The company has its AGX platform for autonomous machines. For example, one customer of the company is BMW which is using its hardware and software for its robotics and machinery.</p><blockquote>The idea is to equip BMW’s factory with all manner of Nvidia hardware. First, the company will use Nvidia’s DGX and Isaac simulation software to train and test the robots; Nvidia Quadro ray-tracing GPUs will render synthetic machine parts. – Nvidia CEO</blockquote><h3><b>Edge Data Center</b></h3><p>Lastly, the company also highlighted edge data centers which are smaller data centers that are closer to end-users for lower latency and greater speed benefits according to Nlyte Software. Nvidia highlighted that edge data centers span a wide range of applications such as “warehouse, retail stores, cities, public places, cars, robots”. Compared to cloud computing where data is sent from the edge to the cloud, edge computing refers to data computed right at the edge. The company’s EGX for enterprise and edge computing. Based on the company, its NVIDIA EGX and Jetson solutions</p><blockquote>accelerate the most powerful edge computing systems to power diverse applications, including industrial inspection, predictive maintenance, factory robotics, and autonomous machines.</blockquote><p>Furthermore, we updated our revenue projection for Nvidia’s data center segment in the table below from our previous analysis based on its data center revenue share of the total cloud market capex. To derive this, we forecasted the total cloud market capex based on our projection of the total cloud market from data volume growth forecasts.</p><table><tbody><tr><td><p><b>Volume of Data Worldwide</b></p></td><td><p><b>2017</b></p></td><td><p><b>2018</b></p></td><td><p><b>2019</b></p></td><td><p><b>2020</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td><td><p><b>2026F</b></p></td></tr><tr><td><p>Cloud Infrastructure Market Revenues ($ bln)</p></td><td><p>46.5</p></td><td><p>69</p></td><td><p>96</p></td><td><p>129.5</p></td><td><p>178.0</p></td><td><p>248.1</p></td><td><p>349.7</p></td><td><p>485.7</p></td><td><p>679.8</p></td><td><p>951.4</p></td></tr><tr><td><p>Cloud Infrastructure Market Revenue Growth %</p></td><td><p>45%</p></td><td><p>48%</p></td><td><p>39%</p></td><td><p>35%</p></td><td><p>37%</p></td><td><p>39%</p></td><td><p>41%</p></td><td><p>39%</p></td><td><p>40%</p></td><td><p>40%</p></td></tr><tr><td><p>Data Volume (ZB)</p></td><td><p>26</p></td><td><p>33</p></td><td><p>41</p></td><td><p>64.2</p></td><td><p>79</p></td><td><p>97</p></td><td><p>120</p></td><td><p>147</p></td><td><p>181</p></td><td><p>222.9</p></td></tr><tr><td><p>Data Volume Growth %</p></td><td><p>44%</p></td><td><p>27%</p></td><td><p>24%</p></td><td><p>57%</p></td><td><p>23%</p></td><td><p>23%</p></td><td><p>24%</p></td><td><p>23%</p></td><td><p>23%</p></td><td><p>23%</p></td></tr><tr><td><p>Total Market Capex (Adjusted)</p></td><td><p>54.3</p></td><td><p>82.8</p></td><td><p>88.0</p></td><td><p>125.7</p></td><td><p>163.9</p></td><td><p>209</p></td><td><p>271</p></td><td><p>344</p></td><td><p>442</p></td><td><p>567</p></td></tr><tr><td><p>Total Market Capex Growth %</p></td><td><p>30%</p></td><td><p>52%</p></td><td><p>6%</p></td><td><p>43%</p></td><td><p>30%</p></td><td><p>28%</p></td><td><p>29%</p></td><td><p>27%</p></td><td><p>28%</p></td><td><p>28%</p></td></tr><tr><td><p>Nvidia Data Center Share of Capex Spend</p></td><td><p>3.6%</p></td><td><p>3.5%</p></td><td><p>3.4%</p></td><td><p>5.3%</p></td><td><p>6.5%</p></td><td><p>6.5%</p></td><td><p>6.5%</p></td><td><p>6.5%</p></td><td><p>6.5%</p></td><td><p>6.5%</p></td></tr><tr><td><p><b>Nvidia Data Center Revenues</b></p></td><td><p><b>1.9</b></p></td><td><p><b>2.9</b></p></td><td><p><b>3.0</b></p></td><td><p><b>6.7</b></p></td><td><p><b>10.6</b></p></td><td><p><b>13.6</b></p></td><td><p><b>17.5</b></p></td><td><p><b>22.3</b></p></td><td><p><b>28.6</b></p></td><td><p><b>36.7</b></p></td></tr><tr><td><p><b>Nvidia Data Center Revenues Growth %</b></p></td><td><p><b>132.5%</b></p></td><td><p><b>51.8%</b></p></td><td><p><b>1.8%</b></p></td><td><p><b>124.5%</b></p></td><td><p><b>58.5%</b></p></td><td><p><b>27.7%</b></p></td><td><p><b>29.2%</b></p></td><td><p><b>27.3%</b></p></td><td><p><b>28.3%</b></p></td><td><p><b>28.3%</b></p></td></tr></tbody></table><p><i>Source: Nvidia, Company Data, Khaveen Investments </i></p><p>Overall, we believe the company’s data center segment outlook is supported by its presence across the 6 types of data centers underlined including supercomputers, enterprise computing, hyperscalers, cloud computing, edge computing and Factory AI. Besides a broad product portfolio catering to each data center class, the company also has partnerships with key customers such as major server vendors and cloud service providers. Based on our revenue projection, we derived an average revenue growth rate of 28.2% for its segment through 2026.</p><h2><b>Integrating Software and AI into Data Centers</b></h2><p>A data center consists of chips including GPU, central processing unit (CPU), and field-programmable gate array (FPGA) which are some of the commonly used data center chips according to imarc. According to the company, it highlighted the greater compute capabilities of GPUs used as accelerators in data centers running tens of thousands of threads compared to CPUs. According to Network World,</p><blockquote>GPUs are better suited than CPUs for handling many of the calculations required by AI and machine learning in enterprise data centers and hyperscaler networks.</blockquote><p>According to Ark Invest, CPUs comprised 83% of data center budgets in 2020 but were forecasted to decline to 40% by 2030 as GPUs become the dominant processor.</p><p>In its annual report, Nvidia claims to have a platform strategy that brings its hardware, software, algorithms and software libraries together. Furthermore, the company highlighted the introduction of its CUDA programming model which enabled its GPUs with parallel processing capabilities for intensive compute workloads such as deep learning and machine learning.</p><blockquote>With our introduction of the CUDA programming model in 2006, we opened the parallel processing capabilities of our GPU for general-purpose computing. This approach significantly accelerates the most demanding high-performance computing, or HPC, applications in fields such as aerospace, bioscience research, mechanical and fluid simulations, and energy exploration. Today, our GPUs and networking accelerate many of the fastest supercomputers across the world. In addition, the massively parallel compute architecture of our GPUs and associated software are well suited for deep learning and machine learning, powering the era of AI. While traditional CPU-based approaches no longer deliver advances on the pace described by Moore’s Law, we deliver GPU performance improvements on a pace ahead of Moore’s Law, giving the industry a path forward. – Nvidia 2022 Annual Report</blockquote><p></p><p><img src=\"https://static.tigerbbs.com/6b967b108b6c19a49afe2a462c51c98b\" tg-width=\"640\" tg-height=\"324\" referrerpolicy=\"no-referrer\"/></p><p>Nvidia</p><p>In addition, as seen in the chart above, the company claims to provide a full stack of AI solutions. Besides its hardware, Nvidia has a collection of AI software solutions and development kits for customers and software developers including Clara Mionai, Riva, Maxine, Nemo and Merlin. Moreover, according to the company, it has</p><blockquote>over 450 NVIDIA AI libraries and software development kits to serve industries such as gaming, design, quantum computing, AI, 5G/6G, and robotics.</blockquote><p>Furthermore, its products support various AI software frameworks and software such as RAPIDS, TensorFlow and PyTorch. As Nvidia continued to build up its AI stack, the company’s patents had been steadily increasing since 2018 to 1,174 in 2021 based on Global Data. In comparison, AMD’s patents had also been rising since 2017 with a higher number of patents (1,795) while Intel’s patent filings had been declining but have the most number of patents (11,677).</p><p>Additionally, the company had introduced its standalone enterprise software offering including NVIDIA AI Enterprise which is $1,000 per node and has 25,000 enterprises already using its technology for AI. According to the company, it had a server installed base of 50 mln enterprises and a TAM of $150 bln for its Enterprise AI software based on its Investor Day Presentation. To determine the share of TAM we expect Nvidia to derive, we compared it against AMD and Intel in terms of its breadth of products, AI software integrations, GPU and CPU performance and price. We ranked the best company for each category with a weight of 0.5 followed by 0.3 for the second-best and 0.2 for the last company and calculated its average weight as our assumption for each company’s share of the TAM.</p><table><tbody><tr><td><p><b>Competitive Positioning</b></p></td><td><p><b>Nvidia</b></p></td><td><p><b>Intel</b></p></td><td><p><b>AMD</b></p></td></tr><tr><td><p>Number of products</p></td><td><p>7</p></td><td><p>5</p></td><td><p>4</p></td></tr><tr><td><p>Software AI Integrations</p></td><td><p>21</p></td><td><p>18</p></td><td><p>7</p></td></tr><tr><td><p>Average Data Center CPU Benchmark</p></td><td><p>N/A</p></td><td><p>34,237</p></td><td><p>76,308</p></td></tr><tr><td><p>Average Data Center CPU Price</p></td><td><p>N/A</p></td><td><p>$ 2,277</p></td><td><p>$ 3,843</p></td></tr><tr><td><p>GPU Performance (TFLOPS)</p></td><td><p>60</p></td><td><p>N/A</p></td><td><p>47.9</p></td></tr><tr><td><p>GPU Price</p></td><td><p>$36,405</p></td><td><p>N/A</p></td><td><p>$ 14,500</p></td></tr><tr><td><p><b>Competitive Positioning</b></p></td><td><p><b>Nvidia</b></p></td><td><p><b>Intel</b></p></td><td><p><b>AMD</b></p></td></tr><tr><td><p>Number of products</p></td><td><p>0.5</p></td><td><p>0.3</p></td><td><p>0.2</p></td></tr><tr><td><p>Software AI Integrations</p></td><td><p>0.5</p></td><td><p>0.3</p></td><td><p>0.2</p></td></tr><tr><td><p>Average Data Center CPU Benchmark</p></td><td><p>0.2</p></td><td><p>0.5</p></td><td><p>0.3</p></td></tr><tr><td><p>Average Data Center CPU Price</p></td><td><p>0.2</p></td><td><p>0.5</p></td><td><p>0.3</p></td></tr><tr><td><p>GPU Performance (TFLOPS)</p></td><td><p>0.5</p></td><td><p>0.2</p></td><td><p>0.3</p></td></tr><tr><td><p>GPU Price</p></td><td><p>0.3</p></td><td><p>0.2</p></td><td><p>0.5</p></td></tr><tr><td><p><b>Weights</b></p></td><td><p><b>0.37</b></p></td><td><p><b>0.33</b></p></td><td><p><b>0.30</b></p></td></tr></tbody></table><p><i>Source: Nvidia, Intel, AMD, WFTech, Khaveen Investments </i></p><p>Based on the table, Nvidia has the broadest product breadth between AMD (4) and Intel (5) with 7 products as the company product offerings include GPUs and DPUs as well as reference design systems such as AGX, HGX, EGX and DGX. Also, it is planning to introduce CPUs based on Arm architecture. In comparison, Intel follows behind with its portfolio of ASICs, FPGAs, GPUs, CPUs and Smart NICs while AMD has FPGAs (Xilinx), CPUs, GPUs and DPUs. Furthermore, by referring to these companies’ AI presentation pitch decks and websites, we found that Nvidia has the highest AI software integrations (21) with its broad collection as stated above in addition to its cloud deployment and infrastructure optimization including Nvidia GPU Operator, Network Operator, vGPU, MagnumIO, CUDA-AI and vSphere integration as part of its AI Enterprise package. As Nvidia’s CPU and Intel’s GPU have yet to launch, we ranked it as the lowest with N/A for our calculations.</p><p>In terms of hardware, we compared Intel and AMD data center CPUs from our previous analysis of Intel where we determined AMD’s performance advantage based on its higher benchmark score but with premium pricing compared to Intel. Additionally, we compared Nvidia’s H100 GPU based on its performance as measured by its TFLOPS specs with a higher maximum of 60 TFLOPS compared to AMD’s Instinct M250. Though, Nvidia’s GPU has a higher estimated price compared to AMD.</p><table><tbody><tr><td><p><b>Nvidia Enterprise AI Software Revenue ($ bln)</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td><td><p><b>2026F</b></p></td><td><p><b>2027F</b></p></td><td><p><b>2028F</b></p></td></tr><tr><td><p>Market TAM</p></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td><p>150</p></td></tr><tr><td><p>Nvidia Enterprise AI Software</p></td><td><p>0.03</p></td><td><p>0.1</p></td><td><p>0.2</p></td><td><p>0.7</p></td><td><p>2.0</p></td><td><p>6.1</p></td><td><p>18.3</p></td><td><p>55</p></td></tr><tr><td><p>Growth %</p></td><td></td><td><p>200%</p></td><td><p>200%</p></td><td><p>200%</p></td><td><p>200%</p></td><td><p>200%</p></td><td><p>200%</p></td><td><p>200%</p></td></tr></tbody></table><p><i>Source: Nvidia, Khaveen Investments </i></p><p>Overall, we determined that Nvidia edged out Intel and AMD with the highest competitive positioning with an average weightage for Nvidia at 37% which we used as our assumption for its share of the Enterprise AI software TAM. Based on the company’s $150 bln TAM as highlighted from its Investor Day, we estimated its revenue opportunity to be $55 bln growing at a CAGR of 200% from 2021 (calculated based on its average cost of $1,000 and 25,000 existing customers) which we believe is not unreasonable given the expected rise of AI which could contribute $15.7 tln in economic output by 2030 according to PwC.</p><h2><b>$10 billion Arm CPU Opportunity in Data Centers</b></h2><p>Furthermore, the company had recently introduced its Arm-based Grace CPU for data centers. In terms of specifications, it features 144 CPU cores, 1TB/s LPDDR5X and is connected coherently over NVLink®-C2C. The company also announced that multiple hardware vendors, including ASUS (OTC:AKCPF), Foxconn Industrial Internet, GIGABYTE, QCT, Supermicro and Wiwynn will build Grace-based systems that will start shipping in H1 2023. Additionally, the company had previously secured the Swiss National Supercomputing Centre, which has a budget of around $25 mln (fulfills 8% of forecasted Nvidia CPU revenue in 2023), as a customer for its CPUs and GPUs to provide 20 exaflops of AI performance.</p><p>According to Omdia, 5% of servers shipped had Arm CPUs which is an increase compared to 2.5% in 2020. According to Softbank (OTCPK:SFTBY), the market share of Arm-based CPUs was forecasted to increase to 25% by 2028. We estimated the x86 data center CPU market size based on Intel’s DCG segment had revenues of $22.7 bln with a market share of 94.1% in 2021 based on Passmark. We then estimated the total data center CPU market size based on Arm’s market share of 5% by Omdia to derive the total data center CPU market which we forecasted to grow at a CAGR of 10.2% by 2028. Assuming the share of Arm CPUs increases to 25% by 2028 based on Softbank’s forecast, we derive the total Arm CPU market size of $12.5 bln in 2028.</p><table><tbody><tr><td><p><b>Arm CPU Market Projections ($ bln)</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td><td><p><b>2026F</b></p></td><td><p><b>2027F</b></p></td><td><p><b>2028F</b></p></td></tr><tr><td><p>x86 Data Center CPU share</p></td><td><p>95%</p></td><td><p>94%</p></td><td><p>92%</p></td><td><p>90%</p></td><td><p>87%</p></td><td><p>84%</p></td><td><p>80%</p></td><td><p>75%</p></td></tr><tr><td><p>Arm Data Center CPU Share</p></td><td><p>5%</p></td><td><p>6.3%</p></td><td><p>7.9%</p></td><td><p>10.0%</p></td><td><p>12.5%</p></td><td><p>15.8%</p></td><td><p>19.9%</p></td><td><p>25%</p></td></tr><tr><td><p>Arm Data Center CPU Share CAGR</p></td><td></td><td><p>25.8%</p></td><td><p>25.8%</p></td><td><p>25.8%</p></td><td><p>25.8%</p></td><td><p>25.8%</p></td><td><p>25.8%</p></td><td></td></tr><tr><td><p>x86 Data Center CPU market size</p></td><td><p>24.1</p></td><td><p>26.2</p></td><td><p>28.4</p></td><td><p>30.6</p></td><td><p>32.8</p></td><td><p>34.8</p></td><td><p>36.4</p></td><td><p>37.6</p></td></tr><tr><td><p>Growth %</p></td><td></td><td><p>8.7%</p></td><td><p>8.3%</p></td><td><p>7.8%</p></td><td><p>7.0%</p></td><td><p>6.1%</p></td><td><p>4.9%</p></td><td><p>3.1%</p></td></tr><tr><td><p>Arm Data Center CPU market size</p></td><td><p>1.3</p></td><td><p>1.8</p></td><td><p>2.4</p></td><td><p>3.4</p></td><td><p>4.7</p></td><td><p>6.5</p></td><td><p>9.0</p></td><td><p>12.5</p></td></tr><tr><td><p>Growth %</p></td><td></td><td><p>38.7%</p></td><td><p>38.7%</p></td><td><p>38.7%</p></td><td><p>38.7%</p></td><td><p>38.7%</p></td><td><p>38.7%</p></td><td><p>38.7%</p></td></tr><tr><td><p><b>Total</b></p></td><td><p><b>25.4</b></p></td><td><p><b>28.0</b></p></td><td><p><b>30.8</b></p></td><td><p><b>34.0</b></p></td><td><p><b>37.4</b></p></td><td><p><b>41.3</b></p></td><td><p><b>45.5</b></p></td><td><p><b>50.1</b></p></td></tr><tr><td><p><b>Growth %</b></p></td><td></td><td><p><b>10.20%</b></p></td><td><p><b>10.20%</b></p></td><td><p><b>10.20%</b></p></td><td><p><b>10.20%</b></p></td><td><p><b>10.20%</b></p></td><td><p><b>10.20%</b></p></td><td><p><b>10.20%</b></p></td></tr></tbody></table><p><i>Source: Intel, Omdia, Softbank, BlueWeave Consulting, Khaveen Investments</i></p><p>Companies such as Amazon, Ampere and Huawei had been developing Arm-based CPUs for servers. However, Amazon Graviton processors and Huawei’s Kunpeng chips are used in their own data centers in comparison to Nvidia. Based on a comparison of their specifications against Nvidia, Nvidia’s CPU offer a superior core count (144) compared to Ampere Altra Max (128), Amazon Graviton3 (64) and Huawei Kunpeng 920 (64). In terms of product and software integration, according to Nvidia, the Grace CPU will support its HPC software development kit and a full suite of CUDA libraries.</p><table><tbody><tr><td><p><b>Nvidia Arm CPU Revenue ($ bln)</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td><td><p><b>2026F</b></p></td><td><p><b>2027F</b></p></td><td><p><b>2028F</b></p></td></tr><tr><td><p>Share of TAM</p></td><td><p>1%</p></td><td><p>4.8%</p></td><td><p>8.6%</p></td><td><p>12.4%</p></td><td><p>16.2%</p></td><td><p>20%</p></td></tr><tr><td><p>Nvidia CPU Revenue</p></td><td><p>0.31</p></td><td><p>1.63</p></td><td><p>3.22</p></td><td><p>5.12</p></td><td><p>7.37</p></td><td><p>10.02</p></td></tr><tr><td><p>Growth %</p></td><td></td><td><p>429.0%</p></td><td><p>97.4%</p></td><td><p>58.9%</p></td><td><p>44.0%</p></td><td><p>36.0%</p></td></tr></tbody></table><p><i>Source: Khaveen Investments </i></p><p>All in all, we expect Nvidia’s introduction of its Arm CPU to support its data center segment growth as the company had already secured system hardware partners to build Grace CPU-based systems in H1 2023 and supercomputer customers. Additionally, we believe the company could be supported by its performance advantage with its 144 core CPU which is higher than its competitors as well as integrated with its other AI software.</p><p>To project Nvidia’s CPU revenue, we assumed its share to rise 20% of our estimated market size by 2028 from 1% in 2023 assuming it releases its CPU as planned. We based our assumption of a 20% market share as we believe it could be faced with not only competitors such as Ampere but also AMD as its CFO indicated that it could embrace Arm CPUs and already had used Arm cores in other products such as microcontrollers while Intel plans to make Arm-based chips with its foundry for customers. This translates to average revenue growth of 133.1% for the company.</p><h2><b>Risk: Competition from Intel</b></h2><p>In addition to competition from AMD, Nvidia could face greater competition as Intel introduced its data center GPUs. While Intel (INTC) has not established itself in the discrete GPU market despite leading the total GPU market with its integrated GPUs, we believe the company could pose a significant threat to Nvidia. This is because Intel dominated the data center CPU market with a 94% market share in 2021 based on PassMark. We believe this could provide Intel with an opportunity to leverage its relationships with key data center customers with cross-selling opportunities. That said, as covered in our previous analysis, we also expect Advanced Micro Devices (AMD) to gain market share against Intel with its performance competitive advantages from its CPU portfolio.</p><h2><b>Valuation</b></h2><p>We summarized our revenue projections for the company’s Data Center segment in the table below. Whereas for its other segments, we retained our projections based on our previous analysis. Compared to our previous analysis, our revised revenue projections have a higher average revenue growth forecast of 28.3% compared to 23.4% in our previous analysis driven by higher revenue growth in its Data Center segment at an average of 33.6% compared to 21.9% previously.</p><table><tbody><tr><td><p><b>Nvidia Revenue Projections ($ bln)</b></p></td><td><p><b>2021</b></p></td><td><p><b>2022F</b></p></td><td><p><b>2023F</b></p></td><td><p><b>2024F</b></p></td><td><p><b>2025F</b></p></td></tr><tr><td><p>Gaming</p></td><td><p>12,462</p></td><td><p>15,953</p></td><td><p>20,421</p></td><td><p>26,141</p></td><td><p>33,463</p></td></tr><tr><td><p>Professional Visualization</p></td><td><p>2,111</p></td><td><p>2,318</p></td><td><p>2,545</p></td><td><p>2,794</p></td><td><p>3,068</p></td></tr><tr><td><p>Data Center</p></td><td><p>10,613</p></td><td><p>13,632</p></td><td><p>18,051</p></td><td><p>24,606</p></td><td><p>33,858</p></td></tr><tr><td><p>Automotive</p></td><td><p>566</p></td><td><p>691</p></td><td><p>842</p></td><td><p>1,028</p></td><td><p>1,254</p></td></tr><tr><td><p>OEM and Other</p></td><td><p>1,162</p></td><td><p>1,162</p></td><td><p>1,162</p></td><td><p>1,162</p></td><td><p>1,162</p></td></tr><tr><td><p><b>Total</b></p></td><td><p><b>26,914</b></p></td><td><p><b>33,755</b></p></td><td><p><b>43,022</b></p></td><td><p><b>55,731</b></p></td><td><p><b>72,806</b></p></td></tr><tr><td><p><b>Growth %</b></p></td><td><p><b>61.4%</b></p></td><td><p><b>25.4%</b></p></td><td><p><b>27.5%</b></p></td><td><p><b>29.5%</b></p></td><td><p><b>30.6%</b></p></td></tr></tbody></table><p><i>Source: Nvidia, Khaveen Investments </i></p><p>We valued the company based on a DCF analysis as we continue to expect it to generate positive FCFs. We updated our terminal value of the average chipmaker EV/EBITDA to 18.44x from 23.9x previously.</p><p></p><p><img src=\"https://static.tigerbbs.com/e00c22eaa47730a579e234e710016b3b\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>SeekingAlpha, Khaveen Investments</p><p>Based on a discount rate of 13.3% (company’s WACC), our model shows its shares are undervalued by 99.58%.</p><p><img src=\"https://static.tigerbbs.com/60d370c61b912473ae428c795c9be999\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>Khaveen Investments</p><h2><b>Verdict</b></h2><p>To conclude, we expect the company’s data center segment’s segment outlook to be supported by its presence across the 6 data center classes including supercomputers, enterprise computing, hyperscalers, cloud computing, edge computing and Factory AI with its broad hardware solutions and partnerships with key customers. Additionally, with its full stack of AI solutions, we expect the company to leverage its competitiveness to expand with its Enterprise AI software with an estimated revenue opportunity of $55 bln by 2028. Lastly, with the planned launch of its Arm CPU by 2023, we forecasted its revenue opportunity of $10 bln by 2028 based on a 20% market share assumption.</p><p>Overall, we revised our revenue growth projections for the company with a higher average of 28.3% compared to 23.4% previously driven by higher data center segment growth from 21.9% to 33.6%. However, we obtained a lower price target with a lower EV/EBITDA average of 18.44x from 23.4x previously as well as a higher discount rate. Though, Nvidia’s stock price had declined by 51% YTD which we believe presents an attractive upside for the company. Overall, we rate the company as a <i>Strong Buy</i> with a target price of <i>$289.85.</i></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>Nvidia: Time To Buy The King Of Data Centers</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\">\nNvidia: Time To Buy The King Of Data Centers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-09 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4522089-nvidia-time-to-buy-the-king-of-data-centers><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia Corporation's (NASDAQ:NVDA) data center segment has overtaken its Gaming segment to become its largest segment, in its Q1 FY2023, growing robustly by 83% YoY. Based on the company’s breakdown ...</p>\n\n<a href=\"https://seekingalpha.com/article/4522089-nvidia-time-to-buy-the-king-of-data-centers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4522089-nvidia-time-to-buy-the-king-of-data-centers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249893579","content_text":"Nvidia Corporation's (NASDAQ:NVDA) data center segment has overtaken its Gaming segment to become its largest segment, in its Q1 FY2023, growing robustly by 83% YoY. Based on the company’s breakdown of its data center business across 6 data center classes, we examined its product offering that caters to these customers and determined the outlook of its data center business segment as a whole.Moreover, we looked into the company’s product offerings of its GPUs and software to offer the full stack for data centers and how it is integrating AI and software functionalities to build on its data center leadership.As it recently introduced its Arm CPU products for data centers, we analyzed the Arm CPU market and the players within, and projected its share vs x86 processors. Based on this, we estimated the market opportunity for Nvidia and its revenue growth.Dominating Data Centers Across All 6 ClassesNvidia’s data center segment has become its largest segment accounting for 45% of revenues in Q1 FY2023 and had the highest growth CAGR of 73.8% in the past 5 years. Its computing platform consists of hardware and software such as GPUs, DPUs, interconnects and systems, CUDA programming model and software libraries. According to Nvidia’s CEO, the company listed 6 types of data center classes: supercomputing centers, enterprise computing data centers, hyperscalers, cloud computing and two new classes which are FactoryAI and edge data centers. In the table below, we compiled the different data center classes by their market sizes, forecast CAGR, location, applications, users, relative compute power and footprint.Data CenterMarket Size ($ bln)Market Forecast CAGRComputer PowerLocationFootprint ('size')Types of Users/ OperatorsApplicationsSupercomputing Data Center6.516.2%Very HighSelf-operatedLargeGovernments, aerospace, petroleum, and automotive industriesHPC, quantum mechanics, weather forecasting, oil and gas exploration, molecular modeling, physical simulations, aerodynamics, nuclear fusion researchHyperscale Data Center32.214.9%HighSelf-operatedVery LargeLarge multinational companies, cloud service providersColocation, cryptography, genome processing, and 3D renderingEnterprise Data Center84.212.0%LowSelf-operatedMediumEnterprises (Various industries)Company networks and systems (Various industries)Cloud Computing Data Center358.816.4%HighThird-partyVery LargeCloud service providersCloud-native application development, storage (IaaS), streaming, data analyticsEdge Data Center7.917.0%MediumThird-partyMediumEdge Data Center Companies, Telco, Healthcare5G, AV, Telemedicine, data analytics,Factory AI Data Center2.347.9%MediumSelf-operatedLowManufacturersSupply Chain Optimization, Predictive Maintenance, Process ControlSource: Research and Markets, Nvidia, Khaveen InvestmentsTo illustrate the market sizes of each data center class, we compiled the market revenues and forecast CAGR of each data center class based on Research and Markets. Based on the table above, cloud computing is the largest ($359 bln) as it consists of major cloud service providers including AWS, Azure and Google Cloud. this is followed by Enterprise Data Centers. Overall, the combined market size of the 6 data center classes is worth around $491 bln. However, the new data center classes, Factory AI and edge data center, have the highest CAGR of 47.9% and 17% respectively.Supercomputing Data CenterFirstly, supercomputing data centers which are computers with much higher computational capacities supporting intensive applications such asHPC, quantum mechanics, weather forecasting, oil and gas exploration, molecular modeling, physical simulations, aerodynamics, nuclear fusion research.In 2021, Nvidia claimed that 70% of the TOP500 supercomputers in the world are powered by its accelerators and it's even higher at 90% for new systems. The company had remarkable growth in this area over the past 10 years from 34% share of the TOP500 systems in 2011. For example, the company’s GPUs power the fastest supercomputers in the U.S. and Europe like the Oak Ridge National Labs’ Summit, the world’s smartest supercomputer. The company has recently introduced its H100 GPUs based on its Hopper architecture which follows its A100 GPUs based on its Ampere architecture. Supercomputers are equipped with a large number of GPUs, previously Nvidia stated that 6 supercomputers used a total of 13,000 A100 GPUs.Enterprise Data CenterBesides supercomputers, the company also targets enterprise systems. According to Cisco, compared to other types of data centers, enterprise data centers are built and operated by companies within their premises and optimized for their users to support their data and storage requirements by companies in various industries such as IT, financial services, and healthcare. However, in comparison, hyperscale data centers have higher compute capacities. Based on Nvidia, its NVIDIA-Certified Systemenable enterprises to confidently deploy hardware solutions that securely and optimally run their modern accelerated workloads.The company’s Nvidia-certified data center partners include the top server providers such as Lenovo (OTCPK:LNVGY), Fujitsu (OTCPK:FJTSF), Dell (DELL), Cisco (CSCO), and HPE (HPE), with a combined market share of over 38% of the server market based on the IDC. Also, the company introduced its EGX for enterprise as well as edge computing.Hyperscale Data CentersMoreover, Nvidia also targets hyperscale data centers which are massive facilities exceeding 5,000 servers and 10,000 square feet according to the IDC. They are “designed to support robust and scalable applications” due to their agility to scale up or down to meet customers’ demands by adding more computing power to their infrastructure. For example, companies which operate these facilities include Yahoo, Facebook (META), Microsoft (MSFT), Apple (AAPL), Google (GOOG, GOOGL) and Amazon (AMZN). According to Vertiv, there were more than 600 hyperscale data centers in 2021. Nvidia has “ready-to-use system reference designs” based on its GPUs such as its HGX product for hyperscale and supercomputing data centers.Cloud Computing Additionally, the company also underline cloud computing data centers, allowing customers and developers to leverage Nvidia’s hardware through the cloud to support applications such as advanced medical imaging, automated customer service, and cinematic-quality gaming. According to Microsoft, cloud computing is the delivery of computing services over the internet with services such as IaaS, PaaS and SaaS with use cases including creating cloud-native applications, streaming and data analytics. Besides that, Nvidia has partnerships with major cloud service providers including Amazon, the market leader in the cloud infrastructure market with a 33% market share in 2021 according to Canalys, trailed by Microsoft Azure, Google Cloud and Alibaba Cloud (BABA, OTCPK:BABAF). These cloud providers are also part of the company’s partner ecosystem.And now, with NVIDIA’s GPU-accelerated solutions available through all top cloud platforms, innovators everywhere can access massive computing power on demand and with ease. – NvidiaAI Factory In addition to these 4 classes of data centers, the company also highlighted the first new data center class which is “AI Factory.” According to CEO Jensen Huang, manufacturers are becoming “intelligence manufacturers” processing and refining data. The company highlighted its GPU-accelerated computing for applications leveraging AI including Supply Chain Optimization, Predictive Maintenance and Process Control for operations optimization improved time-to-insight and lower cost. According to Nvidia’s CEO, the company highlighted 150,000 factories refining data, creating models and becoming intelligence manufacturers. The company has its AGX platform for autonomous machines. For example, one customer of the company is BMW which is using its hardware and software for its robotics and machinery.The idea is to equip BMW’s factory with all manner of Nvidia hardware. First, the company will use Nvidia’s DGX and Isaac simulation software to train and test the robots; Nvidia Quadro ray-tracing GPUs will render synthetic machine parts. – Nvidia CEOEdge Data CenterLastly, the company also highlighted edge data centers which are smaller data centers that are closer to end-users for lower latency and greater speed benefits according to Nlyte Software. Nvidia highlighted that edge data centers span a wide range of applications such as “warehouse, retail stores, cities, public places, cars, robots”. Compared to cloud computing where data is sent from the edge to the cloud, edge computing refers to data computed right at the edge. The company’s EGX for enterprise and edge computing. Based on the company, its NVIDIA EGX and Jetson solutionsaccelerate the most powerful edge computing systems to power diverse applications, including industrial inspection, predictive maintenance, factory robotics, and autonomous machines.Furthermore, we updated our revenue projection for Nvidia’s data center segment in the table below from our previous analysis based on its data center revenue share of the total cloud market capex. To derive this, we forecasted the total cloud market capex based on our projection of the total cloud market from data volume growth forecasts.Volume of Data Worldwide201720182019202020212022F2023F2024F2025F2026FCloud Infrastructure Market Revenues ($ bln)46.56996129.5178.0248.1349.7485.7679.8951.4Cloud Infrastructure Market Revenue Growth %45%48%39%35%37%39%41%39%40%40%Data Volume (ZB)26334164.27997120147181222.9Data Volume Growth %44%27%24%57%23%23%24%23%23%23%Total Market Capex (Adjusted)54.382.888.0125.7163.9209271344442567Total Market Capex Growth %30%52%6%43%30%28%29%27%28%28%Nvidia Data Center Share of Capex Spend3.6%3.5%3.4%5.3%6.5%6.5%6.5%6.5%6.5%6.5%Nvidia Data Center Revenues1.92.93.06.710.613.617.522.328.636.7Nvidia Data Center Revenues Growth %132.5%51.8%1.8%124.5%58.5%27.7%29.2%27.3%28.3%28.3%Source: Nvidia, Company Data, Khaveen Investments Overall, we believe the company’s data center segment outlook is supported by its presence across the 6 types of data centers underlined including supercomputers, enterprise computing, hyperscalers, cloud computing, edge computing and Factory AI. Besides a broad product portfolio catering to each data center class, the company also has partnerships with key customers such as major server vendors and cloud service providers. Based on our revenue projection, we derived an average revenue growth rate of 28.2% for its segment through 2026.Integrating Software and AI into Data CentersA data center consists of chips including GPU, central processing unit (CPU), and field-programmable gate array (FPGA) which are some of the commonly used data center chips according to imarc. According to the company, it highlighted the greater compute capabilities of GPUs used as accelerators in data centers running tens of thousands of threads compared to CPUs. According to Network World,GPUs are better suited than CPUs for handling many of the calculations required by AI and machine learning in enterprise data centers and hyperscaler networks.According to Ark Invest, CPUs comprised 83% of data center budgets in 2020 but were forecasted to decline to 40% by 2030 as GPUs become the dominant processor.In its annual report, Nvidia claims to have a platform strategy that brings its hardware, software, algorithms and software libraries together. Furthermore, the company highlighted the introduction of its CUDA programming model which enabled its GPUs with parallel processing capabilities for intensive compute workloads such as deep learning and machine learning.With our introduction of the CUDA programming model in 2006, we opened the parallel processing capabilities of our GPU for general-purpose computing. This approach significantly accelerates the most demanding high-performance computing, or HPC, applications in fields such as aerospace, bioscience research, mechanical and fluid simulations, and energy exploration. Today, our GPUs and networking accelerate many of the fastest supercomputers across the world. In addition, the massively parallel compute architecture of our GPUs and associated software are well suited for deep learning and machine learning, powering the era of AI. While traditional CPU-based approaches no longer deliver advances on the pace described by Moore’s Law, we deliver GPU performance improvements on a pace ahead of Moore’s Law, giving the industry a path forward. – Nvidia 2022 Annual ReportNvidiaIn addition, as seen in the chart above, the company claims to provide a full stack of AI solutions. Besides its hardware, Nvidia has a collection of AI software solutions and development kits for customers and software developers including Clara Mionai, Riva, Maxine, Nemo and Merlin. Moreover, according to the company, it hasover 450 NVIDIA AI libraries and software development kits to serve industries such as gaming, design, quantum computing, AI, 5G/6G, and robotics.Furthermore, its products support various AI software frameworks and software such as RAPIDS, TensorFlow and PyTorch. As Nvidia continued to build up its AI stack, the company’s patents had been steadily increasing since 2018 to 1,174 in 2021 based on Global Data. In comparison, AMD’s patents had also been rising since 2017 with a higher number of patents (1,795) while Intel’s patent filings had been declining but have the most number of patents (11,677).Additionally, the company had introduced its standalone enterprise software offering including NVIDIA AI Enterprise which is $1,000 per node and has 25,000 enterprises already using its technology for AI. According to the company, it had a server installed base of 50 mln enterprises and a TAM of $150 bln for its Enterprise AI software based on its Investor Day Presentation. To determine the share of TAM we expect Nvidia to derive, we compared it against AMD and Intel in terms of its breadth of products, AI software integrations, GPU and CPU performance and price. We ranked the best company for each category with a weight of 0.5 followed by 0.3 for the second-best and 0.2 for the last company and calculated its average weight as our assumption for each company’s share of the TAM.Competitive PositioningNvidiaIntelAMDNumber of products754Software AI Integrations21187Average Data Center CPU BenchmarkN/A34,23776,308Average Data Center CPU PriceN/A$ 2,277$ 3,843GPU Performance (TFLOPS)60N/A47.9GPU Price$36,405N/A$ 14,500Competitive PositioningNvidiaIntelAMDNumber of products0.50.30.2Software AI Integrations0.50.30.2Average Data Center CPU Benchmark0.20.50.3Average Data Center CPU Price0.20.50.3GPU Performance (TFLOPS)0.50.20.3GPU Price0.30.20.5Weights0.370.330.30Source: Nvidia, Intel, AMD, WFTech, Khaveen Investments Based on the table, Nvidia has the broadest product breadth between AMD (4) and Intel (5) with 7 products as the company product offerings include GPUs and DPUs as well as reference design systems such as AGX, HGX, EGX and DGX. Also, it is planning to introduce CPUs based on Arm architecture. In comparison, Intel follows behind with its portfolio of ASICs, FPGAs, GPUs, CPUs and Smart NICs while AMD has FPGAs (Xilinx), CPUs, GPUs and DPUs. Furthermore, by referring to these companies’ AI presentation pitch decks and websites, we found that Nvidia has the highest AI software integrations (21) with its broad collection as stated above in addition to its cloud deployment and infrastructure optimization including Nvidia GPU Operator, Network Operator, vGPU, MagnumIO, CUDA-AI and vSphere integration as part of its AI Enterprise package. As Nvidia’s CPU and Intel’s GPU have yet to launch, we ranked it as the lowest with N/A for our calculations.In terms of hardware, we compared Intel and AMD data center CPUs from our previous analysis of Intel where we determined AMD’s performance advantage based on its higher benchmark score but with premium pricing compared to Intel. Additionally, we compared Nvidia’s H100 GPU based on its performance as measured by its TFLOPS specs with a higher maximum of 60 TFLOPS compared to AMD’s Instinct M250. Though, Nvidia’s GPU has a higher estimated price compared to AMD.Nvidia Enterprise AI Software Revenue ($ bln)20212022F2023F2024F2025F2026F2027F2028FMarket TAM150Nvidia Enterprise AI Software0.030.10.20.72.06.118.355Growth %200%200%200%200%200%200%200%Source: Nvidia, Khaveen Investments Overall, we determined that Nvidia edged out Intel and AMD with the highest competitive positioning with an average weightage for Nvidia at 37% which we used as our assumption for its share of the Enterprise AI software TAM. Based on the company’s $150 bln TAM as highlighted from its Investor Day, we estimated its revenue opportunity to be $55 bln growing at a CAGR of 200% from 2021 (calculated based on its average cost of $1,000 and 25,000 existing customers) which we believe is not unreasonable given the expected rise of AI which could contribute $15.7 tln in economic output by 2030 according to PwC.$10 billion Arm CPU Opportunity in Data CentersFurthermore, the company had recently introduced its Arm-based Grace CPU for data centers. In terms of specifications, it features 144 CPU cores, 1TB/s LPDDR5X and is connected coherently over NVLink®-C2C. The company also announced that multiple hardware vendors, including ASUS (OTC:AKCPF), Foxconn Industrial Internet, GIGABYTE, QCT, Supermicro and Wiwynn will build Grace-based systems that will start shipping in H1 2023. Additionally, the company had previously secured the Swiss National Supercomputing Centre, which has a budget of around $25 mln (fulfills 8% of forecasted Nvidia CPU revenue in 2023), as a customer for its CPUs and GPUs to provide 20 exaflops of AI performance.According to Omdia, 5% of servers shipped had Arm CPUs which is an increase compared to 2.5% in 2020. According to Softbank (OTCPK:SFTBY), the market share of Arm-based CPUs was forecasted to increase to 25% by 2028. We estimated the x86 data center CPU market size based on Intel’s DCG segment had revenues of $22.7 bln with a market share of 94.1% in 2021 based on Passmark. We then estimated the total data center CPU market size based on Arm’s market share of 5% by Omdia to derive the total data center CPU market which we forecasted to grow at a CAGR of 10.2% by 2028. Assuming the share of Arm CPUs increases to 25% by 2028 based on Softbank’s forecast, we derive the total Arm CPU market size of $12.5 bln in 2028.Arm CPU Market Projections ($ bln)20212022F2023F2024F2025F2026F2027F2028Fx86 Data Center CPU share95%94%92%90%87%84%80%75%Arm Data Center CPU Share5%6.3%7.9%10.0%12.5%15.8%19.9%25%Arm Data Center CPU Share CAGR25.8%25.8%25.8%25.8%25.8%25.8%x86 Data Center CPU market size24.126.228.430.632.834.836.437.6Growth %8.7%8.3%7.8%7.0%6.1%4.9%3.1%Arm Data Center CPU market size1.31.82.43.44.76.59.012.5Growth %38.7%38.7%38.7%38.7%38.7%38.7%38.7%Total25.428.030.834.037.441.345.550.1Growth %10.20%10.20%10.20%10.20%10.20%10.20%10.20%Source: Intel, Omdia, Softbank, BlueWeave Consulting, Khaveen InvestmentsCompanies such as Amazon, Ampere and Huawei had been developing Arm-based CPUs for servers. However, Amazon Graviton processors and Huawei’s Kunpeng chips are used in their own data centers in comparison to Nvidia. Based on a comparison of their specifications against Nvidia, Nvidia’s CPU offer a superior core count (144) compared to Ampere Altra Max (128), Amazon Graviton3 (64) and Huawei Kunpeng 920 (64). In terms of product and software integration, according to Nvidia, the Grace CPU will support its HPC software development kit and a full suite of CUDA libraries.Nvidia Arm CPU Revenue ($ bln)2023F2024F2025F2026F2027F2028FShare of TAM1%4.8%8.6%12.4%16.2%20%Nvidia CPU Revenue0.311.633.225.127.3710.02Growth %429.0%97.4%58.9%44.0%36.0%Source: Khaveen Investments All in all, we expect Nvidia’s introduction of its Arm CPU to support its data center segment growth as the company had already secured system hardware partners to build Grace CPU-based systems in H1 2023 and supercomputer customers. Additionally, we believe the company could be supported by its performance advantage with its 144 core CPU which is higher than its competitors as well as integrated with its other AI software.To project Nvidia’s CPU revenue, we assumed its share to rise 20% of our estimated market size by 2028 from 1% in 2023 assuming it releases its CPU as planned. We based our assumption of a 20% market share as we believe it could be faced with not only competitors such as Ampere but also AMD as its CFO indicated that it could embrace Arm CPUs and already had used Arm cores in other products such as microcontrollers while Intel plans to make Arm-based chips with its foundry for customers. This translates to average revenue growth of 133.1% for the company.Risk: Competition from IntelIn addition to competition from AMD, Nvidia could face greater competition as Intel introduced its data center GPUs. While Intel (INTC) has not established itself in the discrete GPU market despite leading the total GPU market with its integrated GPUs, we believe the company could pose a significant threat to Nvidia. This is because Intel dominated the data center CPU market with a 94% market share in 2021 based on PassMark. We believe this could provide Intel with an opportunity to leverage its relationships with key data center customers with cross-selling opportunities. That said, as covered in our previous analysis, we also expect Advanced Micro Devices (AMD) to gain market share against Intel with its performance competitive advantages from its CPU portfolio.ValuationWe summarized our revenue projections for the company’s Data Center segment in the table below. Whereas for its other segments, we retained our projections based on our previous analysis. Compared to our previous analysis, our revised revenue projections have a higher average revenue growth forecast of 28.3% compared to 23.4% in our previous analysis driven by higher revenue growth in its Data Center segment at an average of 33.6% compared to 21.9% previously.Nvidia Revenue Projections ($ bln)20212022F2023F2024F2025FGaming12,46215,95320,42126,14133,463Professional Visualization2,1112,3182,5452,7943,068Data Center10,61313,63218,05124,60633,858Automotive5666918421,0281,254OEM and Other1,1621,1621,1621,1621,162Total26,91433,75543,02255,73172,806Growth %61.4%25.4%27.5%29.5%30.6%Source: Nvidia, Khaveen Investments We valued the company based on a DCF analysis as we continue to expect it to generate positive FCFs. We updated our terminal value of the average chipmaker EV/EBITDA to 18.44x from 23.9x previously.SeekingAlpha, Khaveen InvestmentsBased on a discount rate of 13.3% (company’s WACC), our model shows its shares are undervalued by 99.58%.Khaveen InvestmentsVerdictTo conclude, we expect the company’s data center segment’s segment outlook to be supported by its presence across the 6 data center classes including supercomputers, enterprise computing, hyperscalers, cloud computing, edge computing and Factory AI with its broad hardware solutions and partnerships with key customers. Additionally, with its full stack of AI solutions, we expect the company to leverage its competitiveness to expand with its Enterprise AI software with an estimated revenue opportunity of $55 bln by 2028. Lastly, with the planned launch of its Arm CPU by 2023, we forecasted its revenue opportunity of $10 bln by 2028 based on a 20% market share assumption.Overall, we revised our revenue growth projections for the company with a higher average of 28.3% compared to 23.4% previously driven by higher data center segment growth from 21.9% to 33.6%. However, we obtained a lower price target with a lower EV/EBITDA average of 18.44x from 23.4x previously as well as a higher discount rate. Though, Nvidia’s stock price had declined by 51% YTD which we believe presents an attractive upside for the company. Overall, we rate the company as a Strong Buy with a target price of $289.85.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9043427186,"gmtCreate":1655954154445,"gmtModify":1676535739845,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043427186","repostId":"1137094623","repostType":4,"repost":{"id":"1137094623","pubTimestamp":1655953313,"share":"https://ttm.financial/m/news/1137094623?lang=&edition=fundamental","pubTime":"2022-06-23 11:01","market":"fut","language":"en","title":"Crude Oil Futures Plunge $3/B As Sentiment Remains Bearish","url":"https://stock-news.laohu8.com/highlight/detail?id=1137094623","media":"S&P Global","summary":"HIGHLIGHTSRecession fears continue to plague sentiment\"Very challenging\" to achieve soft landing for","content":"<html><head></head><body><p>HIGHLIGHTS</p><ul><li>Recession fears continue to plague sentiment</li><li>&#34;Very challenging&#34; to achieve soft landing for economy: Powell</li><li>Oil market remains tight</li></ul><p>Crude oil futures were sharply lower in mid-morning trade in Asia June 23, extending declines from the previous session as investors continued to fret over a potential recession.</p><p>The ICE August Brent futures contract was down $3.57/b (3.19%) from the previous close at $108.17/b, while the NYMEX August light sweet crude contract fell $3.05/b (2.87%) at $103.14/b.</p><p><img src=\"https://static.tigerbbs.com/608eca9e94b8d895246f16618a4d7369\" tg-width=\"434\" tg-height=\"172\" width=\"100%\" height=\"auto\"/>The NYMEX crude marker had fallen by as much as $8/b on June 22, with ICE Brent crude not far behind, though both contracts eventually trimmed losses to settle around $3/b lower.</p><p>The sell-off appeared not to have abated in the early June 23 session, with analysts saying that recession fears continued to weigh on investor sentiment, prompting many to cut their long exposures to oil.</p><p>&#34;Growing fears over a recession have weighed on risk assets, and comments from [US Federal Reserve chair] Jerome Powell during his congressional testimony would not have helped,&#34; ING analyst Warren Patterson said in a June 23 note.</p><p>Powell, in a testimony before the US Congress June 22, said the Fed was &#34;strongly committed&#34; to reining in inflation, though he said that a recession was &#34;certainly a possibility&#34;.</p><p>Powell added that achieving a soft landing for the US economy was going to be &#34;very challenging&#34;.</p><p>&#34;Powell can&#39;t remain upbeat on the economy and his comment that it will be very challenging to achieve a soft landing speaks to that,&#34; OANDA&#39;s senior market analyst Edward Moya said.</p><p>Nonetheless, most analysts maintain that the oil market remains tight despite the current wave of pessimism sinking risk assets.</p><p>Demand remains on the mend despite still-rising inflation, while Russian supply disruptions and limited OPEC spare capacity continued to crimp supply. The backwardation in prompt ICE Brent intermonth spreads in recent days has strengthened despite falling flat prices.</p><p>US President Joe Biden June 22 called on Congress to waive federal taxes on gasoline and diesel through September to ease the burden of soaring prices.</p><p>Although the proposal faces a tough road to approval in Congress, the tax holiday would amount to a 3.5% discount on gasoline, which could increase US gasoline demand by roughly 1%, said Rick Joswick, Platts Analytics&#39; head of global oil at S&amp;P Global Commodity Insights.</p><p>Dubai crude swaps were lower in mid-morning trade in Asia June 23 from the previous close, though intermonth spreads were higher.</p><p>The August Dubai swap was pegged at $97.88/b at 10 am Singapore time (0200 GMT), down $1.39/b (1.4%) from the June 22 Asian market close.</p><p>The July-August Dubai swap intermonth spread was pegged at $3.43/b at 10 am, up 4 cents/b over the same period, and the August-September intermonth spread was pegged at $2.49/b, up 5 cents/b.</p><p>The August Brent-Dubai EFS was pegged at $10.73/b, down 6 cents/b.</p></body></html>","source":"lsy1653891730498","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrude Oil Futures Plunge $3/B As Sentiment Remains Bearish\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-23 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/062322-crude-oil-futures-plunge-3b-as-sentiment-remains-bearish><strong>S&P Global</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HIGHLIGHTSRecession fears continue to plague sentiment\"Very challenging\" to achieve soft landing for economy: PowellOil market remains tightCrude oil futures were sharply lower in mid-morning trade in...</p>\n\n<a href=\"https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/062322-crude-oil-futures-plunge-3b-as-sentiment-remains-bearish\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/062322-crude-oil-futures-plunge-3b-as-sentiment-remains-bearish","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137094623","content_text":"HIGHLIGHTSRecession fears continue to plague sentiment\"Very challenging\" to achieve soft landing for economy: PowellOil market remains tightCrude oil futures were sharply lower in mid-morning trade in Asia June 23, extending declines from the previous session as investors continued to fret over a potential recession.The ICE August Brent futures contract was down $3.57/b (3.19%) from the previous close at $108.17/b, while the NYMEX August light sweet crude contract fell $3.05/b (2.87%) at $103.14/b.The NYMEX crude marker had fallen by as much as $8/b on June 22, with ICE Brent crude not far behind, though both contracts eventually trimmed losses to settle around $3/b lower.The sell-off appeared not to have abated in the early June 23 session, with analysts saying that recession fears continued to weigh on investor sentiment, prompting many to cut their long exposures to oil.\"Growing fears over a recession have weighed on risk assets, and comments from [US Federal Reserve chair] Jerome Powell during his congressional testimony would not have helped,\" ING analyst Warren Patterson said in a June 23 note.Powell, in a testimony before the US Congress June 22, said the Fed was \"strongly committed\" to reining in inflation, though he said that a recession was \"certainly a possibility\".Powell added that achieving a soft landing for the US economy was going to be \"very challenging\".\"Powell can't remain upbeat on the economy and his comment that it will be very challenging to achieve a soft landing speaks to that,\" OANDA's senior market analyst Edward Moya said.Nonetheless, most analysts maintain that the oil market remains tight despite the current wave of pessimism sinking risk assets.Demand remains on the mend despite still-rising inflation, while Russian supply disruptions and limited OPEC spare capacity continued to crimp supply. The backwardation in prompt ICE Brent intermonth spreads in recent days has strengthened despite falling flat prices.US President Joe Biden June 22 called on Congress to waive federal taxes on gasoline and diesel through September to ease the burden of soaring prices.Although the proposal faces a tough road to approval in Congress, the tax holiday would amount to a 3.5% discount on gasoline, which could increase US gasoline demand by roughly 1%, said Rick Joswick, Platts Analytics' head of global oil at S&P Global Commodity Insights.Dubai crude swaps were lower in mid-morning trade in Asia June 23 from the previous close, though intermonth spreads were higher.The August Dubai swap was pegged at $97.88/b at 10 am Singapore time (0200 GMT), down $1.39/b (1.4%) from the June 22 Asian market close.The July-August Dubai swap intermonth spread was pegged at $3.43/b at 10 am, up 4 cents/b over the same period, and the August-September intermonth spread was pegged at $2.49/b, up 5 cents/b.The August Brent-Dubai EFS was pegged at $10.73/b, down 6 cents/b.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9056705927,"gmtCreate":1655080136469,"gmtModify":1676535556860,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581849551321020","authorIdStr":"3581849551321020"},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9056705927","repostId":"2242718589","repostType":4,"repost":{"id":"2242718589","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":1655099572,"share":"https://ttm.financial/m/news/2242718589?lang=&edition=fundamental","pubTime":"2022-06-13 13:52","market":"hk","language":"en","title":"Recession? No, It's a Booming Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2242718589","media":"Dow Jones","summary":"By Jeffrey FrankelAbout the author: Jeffrey Frankel is James W. Harpel Professor of Capital Formatio","content":"<html><head></head><body><p>By Jeffrey Frankel</p><p>About the author: Jeffrey Frankel is James W. Harpel Professor of Capital Formation and Growth, Harvard University. He was a member of the NBER Business Cycle Dating Committee, 1992-2019.</p><p>U.S. consumer sentiment by one measure is at its lowest level since 2011. More Americans say they hear mostly negative news about the economy than hear positive news, or a balance of positive and negative. A majority of Republicans and many Democrats tell pollsters they believe we are currently in recession.</p><p>So, is the economy in a recession? No. People are unhappy with inflation, which has recently been running its highest since 1982. But inflation is not recession, which is defined as a significant decline in economic activity. Economic activity is not falling. Quite the contrary: It is booming.</p><p>In many countries, a recession is defined as two consecutive quarters of negative growth in gross domestic product. In the U.S., the official arbiter of recessions is the Business Cycle Dating Committee of the National Bureau of Economic Research, a private nonprofit research organization. The NBER committee does not use any mechanical rule.</p><p>What does the NBER committee look at to decide if there has been a significant decline in economic activity? The most important criterion is whether national output has fallen. GDP has risen rapidly since the start of 2021, at 4% per annum, averaging over the five quarters. The market for goods and services is booming.</p><p>The NBER also looks at a second measure of national output, called gross domestic income. The most recent data indicate that output rose slightly in the first quarter of 2022.</p><p>There is no reason to think that growth is now turning negative. Indeed, domestic demand has continued strong, making it likely that the expansion will continue in the second quarter.</p><p>The second most important criterion is the state of the labor market. Here, employment is traditionally the primary indicator. But other relevant measures of whether the labor market is tight or loose include the unemployment rate, the ratio of employment to population, and job vacancies. By most of these measures, the labor market is booming. The unemployment rate is 3.6%, close to the lowest it has been in 50 years. There are currently almost two job vacancies for every unemployed worker, the highest this ratio has been since the data were first collected.</p><p>A peak in the business cycle marks the start of a recession. To pinpoint the precise month of a turning point, the NBER committee also looks at other indicators, including real personal income less transfers, real personal consumption expenditures, real sales and industrial production. Like national output and employment, these measures do not currently suggest a downturn.</p><p>At some point there will be another recession. But the odds that it will hit the U.S. this year are nowhere near as high as people seem to think. In a random year, the odds are about 15%. Currently they are higher than that. But not much.</p><p>It is true that there are serious risks internationally. The European Union&#39;s economy will be negatively impacted by cuts in imports of Russian oil and gas. China&#39;s economy will be negatively impacted by shutdowns in pursuit of zero Covid. These could have spillover effects.</p><p>Does the high level of U.S. inflation make a recession likely? There is a sense in which inflation and recession are opposite conditions. The factors that drove the strong economic recovery following the Covid-19 recession of early 2020 also drove inflation up. They included expansionary monetary policy by the Fed and expansionary fiscal policy by the White House and Congress, mostly transfers that boosted households&#39; disposable income. These factors boosted demand in 2020 and 2021.</p><p>In light of the ensuing inflation, macroeconomic stimulus was probably excessive. Still, it is good that we were able to bring unemployment below 4% in less than two years. We are much better off than we were after the Great Recession of 2007-09, when fiscal stimulus was too little and too short-lived. That time, it took nine years to bring unemployment down below 4%.</p><p>Inflation is more likely to induce consumers to boost spending than to cut it. Inflation is defined, not as a one-time increase in prices, but as an ongoing upward trend in the price level. When inflation is high, households and firms often spend more, reacting to the likelihood that goods prices will be even higher tomorrow than they are today.</p><p>Not all of the current inflation can be attributed to expanding demand. Supply chain disruptions and Russia-related increases in global prices for oil and other commodities have pushed inflation up as well.</p><p>To be sure, there is a sense in which high inflation can lead to recession. Sooner or later, the central bank has to raise interest rates in order to restrain demand and bring inflation down to a normal level. It is tricky to pull this off without a recession. That is the main reason why a downturn at some point in the next two years is more likely than usual. The Fed has raised the short-term interest rate by 0.75 percentage points since February, and has indicated that it will continue throughout the year.</p><p>But the interest rate still has a long way to go. For 2022, monetary policy still counts as easy. For now, economic activity will probably continue to expand.</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>Recession? No, It's a Booming Economy</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\">\nRecession? No, It's a Booming Economy\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\">2022-06-13 13:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>By Jeffrey Frankel</p><p>About the author: Jeffrey Frankel is James W. Harpel Professor of Capital Formation and Growth, Harvard University. He was a member of the NBER Business Cycle Dating Committee, 1992-2019.</p><p>U.S. consumer sentiment by one measure is at its lowest level since 2011. More Americans say they hear mostly negative news about the economy than hear positive news, or a balance of positive and negative. A majority of Republicans and many Democrats tell pollsters they believe we are currently in recession.</p><p>So, is the economy in a recession? No. People are unhappy with inflation, which has recently been running its highest since 1982. But inflation is not recession, which is defined as a significant decline in economic activity. Economic activity is not falling. Quite the contrary: It is booming.</p><p>In many countries, a recession is defined as two consecutive quarters of negative growth in gross domestic product. In the U.S., the official arbiter of recessions is the Business Cycle Dating Committee of the National Bureau of Economic Research, a private nonprofit research organization. The NBER committee does not use any mechanical rule.</p><p>What does the NBER committee look at to decide if there has been a significant decline in economic activity? The most important criterion is whether national output has fallen. GDP has risen rapidly since the start of 2021, at 4% per annum, averaging over the five quarters. The market for goods and services is booming.</p><p>The NBER also looks at a second measure of national output, called gross domestic income. The most recent data indicate that output rose slightly in the first quarter of 2022.</p><p>There is no reason to think that growth is now turning negative. Indeed, domestic demand has continued strong, making it likely that the expansion will continue in the second quarter.</p><p>The second most important criterion is the state of the labor market. Here, employment is traditionally the primary indicator. But other relevant measures of whether the labor market is tight or loose include the unemployment rate, the ratio of employment to population, and job vacancies. By most of these measures, the labor market is booming. The unemployment rate is 3.6%, close to the lowest it has been in 50 years. There are currently almost two job vacancies for every unemployed worker, the highest this ratio has been since the data were first collected.</p><p>A peak in the business cycle marks the start of a recession. To pinpoint the precise month of a turning point, the NBER committee also looks at other indicators, including real personal income less transfers, real personal consumption expenditures, real sales and industrial production. Like national output and employment, these measures do not currently suggest a downturn.</p><p>At some point there will be another recession. But the odds that it will hit the U.S. this year are nowhere near as high as people seem to think. In a random year, the odds are about 15%. Currently they are higher than that. But not much.</p><p>It is true that there are serious risks internationally. The European Union&#39;s economy will be negatively impacted by cuts in imports of Russian oil and gas. China&#39;s economy will be negatively impacted by shutdowns in pursuit of zero Covid. These could have spillover effects.</p><p>Does the high level of U.S. inflation make a recession likely? There is a sense in which inflation and recession are opposite conditions. The factors that drove the strong economic recovery following the Covid-19 recession of early 2020 also drove inflation up. They included expansionary monetary policy by the Fed and expansionary fiscal policy by the White House and Congress, mostly transfers that boosted households&#39; disposable income. These factors boosted demand in 2020 and 2021.</p><p>In light of the ensuing inflation, macroeconomic stimulus was probably excessive. Still, it is good that we were able to bring unemployment below 4% in less than two years. We are much better off than we were after the Great Recession of 2007-09, when fiscal stimulus was too little and too short-lived. That time, it took nine years to bring unemployment down below 4%.</p><p>Inflation is more likely to induce consumers to boost spending than to cut it. Inflation is defined, not as a one-time increase in prices, but as an ongoing upward trend in the price level. When inflation is high, households and firms often spend more, reacting to the likelihood that goods prices will be even higher tomorrow than they are today.</p><p>Not all of the current inflation can be attributed to expanding demand. Supply chain disruptions and Russia-related increases in global prices for oil and other commodities have pushed inflation up as well.</p><p>To be sure, there is a sense in which high inflation can lead to recession. Sooner or later, the central bank has to raise interest rates in order to restrain demand and bring inflation down to a normal level. It is tricky to pull this off without a recession. That is the main reason why a downturn at some point in the next two years is more likely than usual. The Fed has raised the short-term interest rate by 0.75 percentage points since February, and has indicated that it will continue throughout the year.</p><p>But the interest rate still has a long way to go. For 2022, monetary policy still counts as easy. For now, economic activity will probably continue to expand.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242718589","content_text":"By Jeffrey FrankelAbout the author: Jeffrey Frankel is James W. Harpel Professor of Capital Formation and Growth, Harvard University. He was a member of the NBER Business Cycle Dating Committee, 1992-2019.U.S. consumer sentiment by one measure is at its lowest level since 2011. More Americans say they hear mostly negative news about the economy than hear positive news, or a balance of positive and negative. A majority of Republicans and many Democrats tell pollsters they believe we are currently in recession.So, is the economy in a recession? No. People are unhappy with inflation, which has recently been running its highest since 1982. But inflation is not recession, which is defined as a significant decline in economic activity. Economic activity is not falling. Quite the contrary: It is booming.In many countries, a recession is defined as two consecutive quarters of negative growth in gross domestic product. In the U.S., the official arbiter of recessions is the Business Cycle Dating Committee of the National Bureau of Economic Research, a private nonprofit research organization. The NBER committee does not use any mechanical rule.What does the NBER committee look at to decide if there has been a significant decline in economic activity? The most important criterion is whether national output has fallen. GDP has risen rapidly since the start of 2021, at 4% per annum, averaging over the five quarters. The market for goods and services is booming.The NBER also looks at a second measure of national output, called gross domestic income. The most recent data indicate that output rose slightly in the first quarter of 2022.There is no reason to think that growth is now turning negative. Indeed, domestic demand has continued strong, making it likely that the expansion will continue in the second quarter.The second most important criterion is the state of the labor market. Here, employment is traditionally the primary indicator. But other relevant measures of whether the labor market is tight or loose include the unemployment rate, the ratio of employment to population, and job vacancies. By most of these measures, the labor market is booming. The unemployment rate is 3.6%, close to the lowest it has been in 50 years. There are currently almost two job vacancies for every unemployed worker, the highest this ratio has been since the data were first collected.A peak in the business cycle marks the start of a recession. To pinpoint the precise month of a turning point, the NBER committee also looks at other indicators, including real personal income less transfers, real personal consumption expenditures, real sales and industrial production. Like national output and employment, these measures do not currently suggest a downturn.At some point there will be another recession. But the odds that it will hit the U.S. this year are nowhere near as high as people seem to think. In a random year, the odds are about 15%. Currently they are higher than that. But not much.It is true that there are serious risks internationally. The European Union's economy will be negatively impacted by cuts in imports of Russian oil and gas. China's economy will be negatively impacted by shutdowns in pursuit of zero Covid. These could have spillover effects.Does the high level of U.S. inflation make a recession likely? There is a sense in which inflation and recession are opposite conditions. The factors that drove the strong economic recovery following the Covid-19 recession of early 2020 also drove inflation up. They included expansionary monetary policy by the Fed and expansionary fiscal policy by the White House and Congress, mostly transfers that boosted households' disposable income. These factors boosted demand in 2020 and 2021.In light of the ensuing inflation, macroeconomic stimulus was probably excessive. Still, it is good that we were able to bring unemployment below 4% in less than two years. We are much better off than we were after the Great Recession of 2007-09, when fiscal stimulus was too little and too short-lived. That time, it took nine years to bring unemployment down below 4%.Inflation is more likely to induce consumers to boost spending than to cut it. Inflation is defined, not as a one-time increase in prices, but as an ongoing upward trend in the price level. When inflation is high, households and firms often spend more, reacting to the likelihood that goods prices will be even higher tomorrow than they are today.Not all of the current inflation can be attributed to expanding demand. Supply chain disruptions and Russia-related increases in global prices for oil and other commodities have pushed inflation up as well.To be sure, there is a sense in which high inflation can lead to recession. Sooner or later, the central bank has to raise interest rates in order to restrain demand and bring inflation down to a normal level. It is tricky to pull this off without a recession. That is the main reason why a downturn at some point in the next two years is more likely than usual. The Fed has raised the short-term interest rate by 0.75 percentage points since February, and has indicated that it will continue throughout the year.But the interest rate still has a long way to go. For 2022, monetary policy still counts as easy. For now, economic activity will probably continue to expand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}