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01-04

Fly !!!!

Dealmakers bank on stable rates to revive Asian dollar bond issuance in 2024

01-02

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2023-12-22

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2023-12-22

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Apple Stock: Headed to $220?

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Airbnb: A Top Growth Stock With High FCF Margins

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2023-04-06

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2023-04-05

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!!!!&nbsp;","listText":"Fly !!!!&nbsp;","text":"Fly !!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259471066874056","repostId":"2400396583","repostType":2,"repost":{"id":"2400396583","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1704347620,"share":"https://ttm.financial/m/news/2400396583?lang=&edition=fundamental","pubTime":"2024-01-04 13:53","market":"hk","language":"en","title":"Dealmakers bank on stable rates to revive Asian dollar bond issuance in 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=2400396583","media":"Reuters","summary":"By Scott Murdoch      SYDNEY, Jan 4 (Reuters) - Asia's dealmakers are hoping for a 10% increase in dollar bond issuance in 2024 as interest rates stabilise and companies beef up borrowing to fund capi","content":"<html><body><p>By Scott Murdoch</p><p>      SYDNEY, Jan 4 (Reuters) - Asia's dealmakers are hoping for a 10% increase in dollar bond issuance in 2024 as interest rates stabilise and companies beef up borrowing to fund capital spending plans, following the weakest year for debt markets in eight years.</p><p>   The first few days of 2024 have brought a rush of U.S. dollar deals from some of Asia's largest companies, with SK Hynix    and steelmaker Posco aiming to raise a combined $2 billion, according to sources with direct knowledge of the transactions.</p><p>   The Republic of Indonesia tapped dollar funding markets early to secure $2.05 billion in a three-tranche transaction, according to a term sheet seen by Reuters.</p><p>   Last year, there were $272 billion in dollar bonds issued across Asia Pacific, including Japan, the lowest level since 2015, according to Dealogic data.</p><p>   The decline came as companies pulled back deals as higher interest rates in the U.S. made borrowing in some local currencies and domestic bank markets cheaper.</p><p>   For investment banks in Asia, the bond decline marked another hit to their fee incomes as revenue from equity capital market and corporate buyout advisory slowed in line with poor activity levels.</p><p>   Key to the outlook for dollar bond issuance to improve is the view that the Federal Reserve will start cutting the cash rate in 2024 as indicators point towards inflation starting to come under control.</p><p>   \"A very important theme in Asia is onshore rates versus offshore rates so in many parts of Asia, it's much cheaper to borrow onshore,\" said Elaine He, Head of Debt Syndicate for Asia Pacific, <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a>.</p><p>   \"With the Fed potentially cutting rates in 2024, a reduction in the disparity between onshore and offshore borrowing costs could encourage an increase in offshore U.S. dollar borrowing activities.\"</p><p>   Dollar bond deals in Asia hit record highs in 2021 during the COVID-19 pandemic as central banks slashed interest rates and most major world governments ordered emergency fiscal stimulus, but dropped over the past two years as rates were ramped up.</p><p>   Bank of America's head of Asia Pacific debt capital markets (DCM) syndicate Joseph Pepping said he expected Asia Pacific dollar issuance would increase by about 10% in 2024 with more certainty on the rate outlook.</p><p>   \"Everyone is comfortable now that we are at the top of the rate cycle, central banks have been fairly clear they will stay higher for longer,\" he said.</p><p>   \"Corporates that have been waiting out the market for the past two years will start to come back in.\"</p><p>   UBS's co-head of Asia debt capital markets, Terry Schmassmann, said Asian regional companies, especially those in the renewable energy and electric vehicle supply chain sectors, would need to tap markets to secure funding for their expansion plans. </p><p>   \"Given the uncertain rates environment in developed markets, a lot of companies have put on hold their overseas capex strategies,\" he said.</p><p>   \"Now this higher-for-longer mantra is starting to settle in, we are seeing some of those capex needs coming through. I would expect it to be a busier year for offshore issuance.\"</p><p>   However, in China, high yield dollar bond issuance remains muted as the country's property sector, once an active dollar market participant, remains troubled. Dollar bond issuance in China was worth $42.5 billion in 2023, compared to the market's peak of $210.5 billion in 2019, Dealogic data showed.</p><p>   \"It depends on how much funding companies need, whether they can find cheaper alternatives onshore. Given the size of the Chinese economy, there's anticipation of an increase in high-yield deals emerging in 2024,\" <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s He said.</p><p>   Bonds issued in all currencies across the Asia Pacific region in 2023 were worth $1.72 trillion, the lowest amount since 2015, according to the Dealogic data.</p><p>    ($1 = 7.8085 Hong Kong dollars)</p><p> (Reporting by Scott Murdoch; Editing by Sonali Paul)</p><p>((Scott.Murdoch@thomsonreuters.com))</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>Dealmakers bank on stable rates to revive Asian dollar bond issuance in 2024</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\">\nDealmakers bank on stable rates to revive Asian dollar bond issuance in 2024\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\">2024-01-04 13:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>By Scott Murdoch</p><p>      SYDNEY, Jan 4 (Reuters) - Asia's dealmakers are hoping for a 10% increase in dollar bond issuance in 2024 as interest rates stabilise and companies beef up borrowing to fund capital spending plans, following the weakest year for debt markets in eight years.</p><p>   The first few days of 2024 have brought a rush of U.S. dollar deals from some of Asia's largest companies, with SK Hynix    and steelmaker Posco aiming to raise a combined $2 billion, according to sources with direct knowledge of the transactions.</p><p>   The Republic of Indonesia tapped dollar funding markets early to secure $2.05 billion in a three-tranche transaction, according to a term sheet seen by Reuters.</p><p>   Last year, there were $272 billion in dollar bonds issued across Asia Pacific, including Japan, the lowest level since 2015, according to Dealogic data.</p><p>   The decline came as companies pulled back deals as higher interest rates in the U.S. made borrowing in some local currencies and domestic bank markets cheaper.</p><p>   For investment banks in Asia, the bond decline marked another hit to their fee incomes as revenue from equity capital market and corporate buyout advisory slowed in line with poor activity levels.</p><p>   Key to the outlook for dollar bond issuance to improve is the view that the Federal Reserve will start cutting the cash rate in 2024 as indicators point towards inflation starting to come under control.</p><p>   \"A very important theme in Asia is onshore rates versus offshore rates so in many parts of Asia, it's much cheaper to borrow onshore,\" said Elaine He, Head of Debt Syndicate for Asia Pacific, <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a>.</p><p>   \"With the Fed potentially cutting rates in 2024, a reduction in the disparity between onshore and offshore borrowing costs could encourage an increase in offshore U.S. dollar borrowing activities.\"</p><p>   Dollar bond deals in Asia hit record highs in 2021 during the COVID-19 pandemic as central banks slashed interest rates and most major world governments ordered emergency fiscal stimulus, but dropped over the past two years as rates were ramped up.</p><p>   Bank of America's head of Asia Pacific debt capital markets (DCM) syndicate Joseph Pepping said he expected Asia Pacific dollar issuance would increase by about 10% in 2024 with more certainty on the rate outlook.</p><p>   \"Everyone is comfortable now that we are at the top of the rate cycle, central banks have been fairly clear they will stay higher for longer,\" he said.</p><p>   \"Corporates that have been waiting out the market for the past two years will start to come back in.\"</p><p>   UBS's co-head of Asia debt capital markets, Terry Schmassmann, said Asian regional companies, especially those in the renewable energy and electric vehicle supply chain sectors, would need to tap markets to secure funding for their expansion plans. </p><p>   \"Given the uncertain rates environment in developed markets, a lot of companies have put on hold their overseas capex strategies,\" he said.</p><p>   \"Now this higher-for-longer mantra is starting to settle in, we are seeing some of those capex needs coming through. I would expect it to be a busier year for offshore issuance.\"</p><p>   However, in China, high yield dollar bond issuance remains muted as the country's property sector, once an active dollar market participant, remains troubled. Dollar bond issuance in China was worth $42.5 billion in 2023, compared to the market's peak of $210.5 billion in 2019, Dealogic data showed.</p><p>   \"It depends on how much funding companies need, whether they can find cheaper alternatives onshore. Given the size of the Chinese economy, there's anticipation of an increase in high-yield deals emerging in 2024,\" <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s He said.</p><p>   Bonds issued in all currencies across the Asia Pacific region in 2023 were worth $1.72 trillion, the lowest amount since 2015, according to the Dealogic data.</p><p>    ($1 = 7.8085 Hong Kong dollars)</p><p> (Reporting by Scott Murdoch; Editing by Sonali Paul)</p><p>((Scott.Murdoch@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4559":"巴菲特持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4588":"碎股","BAC":"美国银行","BK4534":"瑞士信贷持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4207":"综合性银行","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","MS":"摩根士丹利","LU0971096721.USD":"富达环球金融服务 A","BK4581":"高盛持仓","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4504":"桥水持仓","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","BK4127":"投资银行业与经纪业","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4553":"喜马拉雅资本持仓","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4585":"ETF&股票定投概念"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400396583","content_text":"By Scott Murdoch      SYDNEY, Jan 4 (Reuters) - Asia's dealmakers are hoping for a 10% increase in dollar bond issuance in 2024 as interest rates stabilise and companies beef up borrowing to fund capital spending plans, following the weakest year for debt markets in eight years.   The first few days of 2024 have brought a rush of U.S. dollar deals from some of Asia's largest companies, with SK Hynix    and steelmaker Posco aiming to raise a combined $2 billion, according to sources with direct knowledge of the transactions.   The Republic of Indonesia tapped dollar funding markets early to secure $2.05 billion in a three-tranche transaction, according to a term sheet seen by Reuters.   Last year, there were $272 billion in dollar bonds issued across Asia Pacific, including Japan, the lowest level since 2015, according to Dealogic data.   The decline came as companies pulled back deals as higher interest rates in the U.S. made borrowing in some local currencies and domestic bank markets cheaper.   For investment banks in Asia, the bond decline marked another hit to their fee incomes as revenue from equity capital market and corporate buyout advisory slowed in line with poor activity levels.   Key to the outlook for dollar bond issuance to improve is the view that the Federal Reserve will start cutting the cash rate in 2024 as indicators point towards inflation starting to come under control.   \"A very important theme in Asia is onshore rates versus offshore rates so in many parts of Asia, it's much cheaper to borrow onshore,\" said Elaine He, Head of Debt Syndicate for Asia Pacific, Morgan Stanley.   \"With the Fed potentially cutting rates in 2024, a reduction in the disparity between onshore and offshore borrowing costs could encourage an increase in offshore U.S. dollar borrowing activities.\"   Dollar bond deals in Asia hit record highs in 2021 during the COVID-19 pandemic as central banks slashed interest rates and most major world governments ordered emergency fiscal stimulus, but dropped over the past two years as rates were ramped up.   Bank of America's head of Asia Pacific debt capital markets (DCM) syndicate Joseph Pepping said he expected Asia Pacific dollar issuance would increase by about 10% in 2024 with more certainty on the rate outlook.   \"Everyone is comfortable now that we are at the top of the rate cycle, central banks have been fairly clear they will stay higher for longer,\" he said.   \"Corporates that have been waiting out the market for the past two years will start to come back in.\"   UBS's co-head of Asia debt capital markets, Terry Schmassmann, said Asian regional companies, especially those in the renewable energy and electric vehicle supply chain sectors, would need to tap markets to secure funding for their expansion plans.    \"Given the uncertain rates environment in developed markets, a lot of companies have put on hold their overseas capex strategies,\" he said.   \"Now this higher-for-longer mantra is starting to settle in, we are seeing some of those capex needs coming through. I would expect it to be a busier year for offshore issuance.\"   However, in China, high yield dollar bond issuance remains muted as the country's property sector, once an active dollar market participant, remains troubled. Dollar bond issuance in China was worth $42.5 billion in 2023, compared to the market's peak of $210.5 billion in 2019, Dealogic data showed.   \"It depends on how much funding companies need, whether they can find cheaper alternatives onshore. Given the size of the Chinese economy, there's anticipation of an increase in high-yield deals emerging in 2024,\" Morgan Stanley's He said.   Bonds issued in all currencies across the Asia Pacific region in 2023 were worth $1.72 trillion, the lowest amount since 2015, according to the Dealogic data.    ($1 = 7.8085 Hong Kong dollars) (Reporting by Scott Murdoch; Editing by Sonali Paul)((Scott.Murdoch@thomsonreuters.com))","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258741151662344,"gmtCreate":1704203127783,"gmtModify":1704203130201,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Bank of America(BAC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258741151662344","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254862081736952,"gmtCreate":1703235862210,"gmtModify":1703235865680,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/BAC\">$Bank of America(BAC)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Bank of America(BAC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254862081736952","isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254860762525888,"gmtCreate":1703235370795,"gmtModify":1703235374453,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254860762525888","isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254427964645664,"gmtCreate":1703152858537,"gmtModify":1703152861672,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"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/254427964645664","repostId":"248312805347464","repostType":1,"repost":{"id":248312805347464,"gmtCreate":1701660745864,"gmtModify":1703059991513,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅","htmlText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248312805347464","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254427965825128,"gmtCreate":1703152840548,"gmtModify":1703154549672,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"title":"Tiger Tycoon","htmlText":"Find out more here: <a href=\"https://www.heytigers.com/activity/market/2024/tiger-tycoon?adcode=20231208151108&amp;actionID=2aa1a03d054d91b3c0b5a20eaed5e745&amp;skin=1&amp;os=iOS&amp;account_id=50977950&amp;utm_source=invite&amp;utm_campaign=20231208151108&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=64fddb82c565c26b04a838b239c7866f&amp;invite=BFQX6O&amp;lang=en_US#/\">Tiger Tycoon</a> Get ready to WIN up to $888!","listText":"Find out more here: <a href=\"https://www.heytigers.com/activity/market/2024/tiger-tycoon?adcode=20231208151108&amp;actionID=2aa1a03d054d91b3c0b5a20eaed5e745&amp;skin=1&amp;os=iOS&amp;account_id=50977950&amp;utm_source=invite&amp;utm_campaign=20231208151108&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=64fddb82c565c26b04a838b239c7866f&amp;invite=BFQX6O&amp;lang=en_US#/\">Tiger Tycoon</a> Get ready to WIN up to $888!","text":"Find out more here: Tiger Tycoon Get ready to WIN up to $888!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254427965825128","isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254426931998776,"gmtCreate":1703152713651,"gmtModify":1703152717660,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Win win win !!! All the best&nbsp;","listText":"Win win win !!! All the best&nbsp;","text":"Win win win !!! All the best","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254426931998776","isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206793251377296,"gmtCreate":1691516976134,"gmtModify":1691516980308,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>any price from now&nbsp;","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>any price from now&nbsp;","text":"$Apple(AAPL)$ any price from now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206793251377296","isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":204471014269120,"gmtCreate":1690953052089,"gmtModify":1690953055510,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"I guess 235","listText":"I guess 235","text":"I guess 235","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/204471014269120","repostId":"2356538912","repostType":2,"repost":{"id":"2356538912","kind":"highlight","pubTimestamp":1690939501,"share":"https://ttm.financial/m/news/2356538912?lang=&edition=fundamental","pubTime":"2023-08-02 09:25","market":"us","language":"en","title":"Apple Stock: Headed to $220?","url":"https://stock-news.laohu8.com/highlight/detail?id=2356538912","media":"Motley Fool","summary":"One analyst thinks China and India sales could be a bright spot in Apple's fiscal third-quarter earnings report this week.","content":"<html><head></head><body><h2 id=\"id_664539044\" style=\"text-align: start;\">KEY POINTS</h2><ul><li><p>Apple stock is up more than 50% already this year.</p></li><li><p>Piper Sandler analyst Harsh Kumar believes concerns about China&#39;s sales trends are overblown.</p></li><li><p>While shares of Apple certainly aren&#39;t cheap, they may be worth their premium valuation today.</p></li></ul><p>Despite already rising more than 50% this year, one analyst thinks shares of <strong>Apple</strong> have plenty of upside remaining over the next 12 months. More specifically, <strong>Piper Sandler</strong> analyst Harsh Kumar thinks the stock can get to $220 during this period. This price target would translate to about 12% upside for the stock, on top of an already impressive gain since Jan. 1.</p><p>Is Apple stock really a good buy today, despite its staggering first seven months of 2023? Let&#39;s look closer at why Kumar is so upbeat about Apple shares to see if he&#39;s onto something.</p><h2 id=\"id_1317728205\">The path to $220</h2><p>In a note to investors this week, Kumar said that he is raising his 12-month price target on Apple stock from $180 to $220. Supporting his view, he believes iPhone sales in China could be notable for the tech company&#39;s fiscal third quarter, which Apple will report results for on Thursday. </p><p>In Apple&#39;s fiscal second-quarter earnings call, CEO Tim Cook noted that even though the company reported a 3% year-over-year decline in Greater China revenue during the period, sales in the market were up year-over-year on a constant-currency basis. In addition, year-over-year sales trends for the quarter improved compared to the three months ending in December 2022. With China&#39;s economy continuing its reopening following strict COVID-19 policies that disrupted Apple&#39;s sales, further improvement is possible in fiscal Q2. Regarding iPhone sales trends specifically, Cook cited third-party data that estimated iPhone models to account for four of the top-selling smartphones in urban China. So Apple is certainly well-positioned in the market. </p><p>Though given recent headlines in the media about China&#39;s recovery being slower than anticipated, some investors are worried about Apple&#39;s how Greater China sales may have fared during fiscal Q3. But Kumar seems convinced that Apple&#39;s sales in the market may prove to be more resilient than anticipated.</p><p>Going further, Kumar said that even if China sales do prove to be subpar, Apple&#39;s fast-growing sales in India could offset this weakness. To this end, Apple sales in India grew at a strong double-digit growth rate during fiscal Q2, Cook noted. &#34;There are a lot of people coming into the middle class, and I really feel that India is at a tipping point,&#34; the CEO added.</p><h2 id=\"id_3141708899\">Why Apple stock may still be a buy</h2><p>While the analyst has some good points about China sales potentially being more resilient than anticipated and India serving as a timely catalyst for the iPhone maker, the bigger question is whether or not Apple stock is truly a good buy at 33 times earnings -- the premium valuation the stock is trading at today.</p><p>While it would be difficult to call Apple stock a bargain today, it&#39;s fair to say that an investor who buys the stock today has a decent chance of making out reasonably well over the long haul. The tech giant has spent decades building a powerful hardware, software, and services ecosystem and a loyal customer base. Further, with an exceptional balance sheet boasting more cash than debt, and a cash flow statement showing off annual free cash flow of around $100 billion, Apple can continue investing heavily in maintaining its attractive positioning with consumers through product innovation, new services, and constant improvement of its existing software and services. Ultimately, the company&#39;s massive scale and loyal customer base combine to give it a competitive advantage that should help the company continue growing earnings for years to come.</p><p>Even as Apple stock approaches $200, shares arguably still appear attractive. Of course, this doesn&#39;t mean shareholders won&#39;t have to endure bumpy ride with occasional large drawdowns in the stock price. Of course, despite these reasons to be bullish, investors should do their own due diligence to decide for themselves whether or not they think the stock is a buy.</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>Apple Stock: Headed to $220?</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\">\nApple Stock: Headed to $220?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-02 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/08/01/apple-stock-headed-to-220/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSApple stock is up more than 50% already this year.Piper Sandler analyst Harsh Kumar believes concerns about China's sales trends are overblown.While shares of Apple certainly aren't cheap, ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/01/apple-stock-headed-to-220/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4512":"苹果概念","LU0238689110.USD":"贝莱德环球动力股票基金","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0080751232.USD":"富达环球多元动力基金A","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4554":"元宇宙及AR概念","BK4515":"5G概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4553":"喜马拉雅资本持仓","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4571":"数字音乐概念","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4576":"AR","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4566":"资本集团","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4575":"芯片概念","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4588":"碎股","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","AAPL":"苹果","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4574":"无人驾驶","BK4573":"虚拟现实","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2023/08/01/apple-stock-headed-to-220/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2356538912","content_text":"KEY POINTSApple stock is up more than 50% already this year.Piper Sandler analyst Harsh Kumar believes concerns about China's sales trends are overblown.While shares of Apple certainly aren't cheap, they may be worth their premium valuation today.Despite already rising more than 50% this year, one analyst thinks shares of Apple have plenty of upside remaining over the next 12 months. More specifically, Piper Sandler analyst Harsh Kumar thinks the stock can get to $220 during this period. This price target would translate to about 12% upside for the stock, on top of an already impressive gain since Jan. 1.Is Apple stock really a good buy today, despite its staggering first seven months of 2023? Let's look closer at why Kumar is so upbeat about Apple shares to see if he's onto something.The path to $220In a note to investors this week, Kumar said that he is raising his 12-month price target on Apple stock from $180 to $220. Supporting his view, he believes iPhone sales in China could be notable for the tech company's fiscal third quarter, which Apple will report results for on Thursday. In Apple's fiscal second-quarter earnings call, CEO Tim Cook noted that even though the company reported a 3% year-over-year decline in Greater China revenue during the period, sales in the market were up year-over-year on a constant-currency basis. In addition, year-over-year sales trends for the quarter improved compared to the three months ending in December 2022. With China's economy continuing its reopening following strict COVID-19 policies that disrupted Apple's sales, further improvement is possible in fiscal Q2. Regarding iPhone sales trends specifically, Cook cited third-party data that estimated iPhone models to account for four of the top-selling smartphones in urban China. So Apple is certainly well-positioned in the market. Though given recent headlines in the media about China's recovery being slower than anticipated, some investors are worried about Apple's how Greater China sales may have fared during fiscal Q3. But Kumar seems convinced that Apple's sales in the market may prove to be more resilient than anticipated.Going further, Kumar said that even if China sales do prove to be subpar, Apple's fast-growing sales in India could offset this weakness. To this end, Apple sales in India grew at a strong double-digit growth rate during fiscal Q2, Cook noted. \"There are a lot of people coming into the middle class, and I really feel that India is at a tipping point,\" the CEO added.Why Apple stock may still be a buyWhile the analyst has some good points about China sales potentially being more resilient than anticipated and India serving as a timely catalyst for the iPhone maker, the bigger question is whether or not Apple stock is truly a good buy at 33 times earnings -- the premium valuation the stock is trading at today.While it would be difficult to call Apple stock a bargain today, it's fair to say that an investor who buys the stock today has a decent chance of making out reasonably well over the long haul. The tech giant has spent decades building a powerful hardware, software, and services ecosystem and a loyal customer base. Further, with an exceptional balance sheet boasting more cash than debt, and a cash flow statement showing off annual free cash flow of around $100 billion, Apple can continue investing heavily in maintaining its attractive positioning with consumers through product innovation, new services, and constant improvement of its existing software and services. Ultimately, the company's massive scale and loyal customer base combine to give it a competitive advantage that should help the company continue growing earnings for years to come.Even as Apple stock approaches $200, shares arguably still appear attractive. Of course, this doesn't mean shareholders won't have to endure bumpy ride with occasional large drawdowns in the stock price. Of course, despite these reasons to be bullish, investors should do their own due diligence to decide for themselves whether or not they think the stock is a buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190392921620600,"gmtCreate":1687508167830,"gmtModify":1687508171372,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Amazon !!!!","listText":"Amazon !!!!","text":"Amazon !!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190392921620600","repostId":"2345376936","repostType":4,"repost":{"id":"2345376936","kind":"highlight","pubTimestamp":1687496590,"share":"https://ttm.financial/m/news/2345376936?lang=&edition=fundamental","pubTime":"2023-06-23 13:03","market":"us","language":"en","title":"Airbnb: A Top Growth Stock With High FCF Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=2345376936","media":"Seeking Alpha","summary":"SrdjanPav Airbnb  is widely free cash flow-profitable and the travel company is facing a powerful catalyst from the upcoming travel season. As summer travel starts, Airbnb is likely going to experience a seasonal surge in bookings, which could drive the firm's adjusted EBITDA and free cash flow to new records. While shares of Airbnb are not cheap with a forward price-to-revenue ratio of 7.4X, I believe Airbnb's high free cash flow margins translate into a risk profile that continues to be skewed to the upside!","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Airbnb is experiencing strong post-pandemic recovery momentum, with bookings growing and adjusted EBITDA profitability improving.</p></li><li><p>The company has generated $3.8B in free cash flow in the last twelve months, indicating a highly profitable business model. The firm is buying back a ton of its shares.</p></li><li><p>Risks include seasonality and potential future pandemics, but the upcoming summer travel season could act as a catalyst for further growth.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6c69e5236102247fe40513a72d6c0324\" alt=\"SrdjanPav\" title=\"SrdjanPav\" tg-width=\"750\" tg-height=\"500\"/><span>SrdjanPav</span></p><p>Airbnb (NASDAQ:ABNB) is widely free cash flow-profitable and the travel company is facing a powerful catalyst from the upcoming travel season. As summer travel starts, Airbnb is likely going to experience a seasonal surge in bookings, which could drive the firm&#39;s adjusted EBITDA and free cash flow to new records. While shares of Airbnb are not cheap with a forward price-to-revenue ratio of 7.4X, I believe Airbnb&#39;s high free cash flow margins translate into a risk profile that continues to be skewed to the upside!</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aed5330e78cffc552fa1b036addc040f\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><h2>Strong post-pandemic recovery creates business tailwinds</h2><p>COVID-19 obviously was a major challenge for the travel industry including Airbnb which saw a collapse of bookings during the pandemic. The pandemic alone set Airbnb back by approximately two years, but business trends have materially improved since 2022 as the travel sector staged a strong rebound.</p><p>According to Statista, most markets around the world (with the exception of Asia and Africa) are expected to have made a full recovery in air travel passenger numbers by either 2023 or 2024. For Airbnb, this implies procyclical business tailwinds that could result in new records for bookings, revenues and free cash flow.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a96438c4688eab68dae8550c8b03dc0b\" alt=\"Source: Statista\" title=\"Source: Statista\" tg-width=\"640\" tg-height=\"640\"/><span>Source: Statista</span></p><p>Airbnb&#39;s booking business recovered strongly in FY 2022 and the company now widely exceeds its performance metrics from FY 2019. For the most recent quarter, Airbnb disclosed that it had 121.1M nights and experiences booked through its platform, which translated to a booking value of $20.4B. This means that Airbnb&#39;s booking value, a key metric that measures Airbnb&#39;s operational and financial performance, more than doubled compared to Q1&#39;19.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/567c09f4fbcd86bfd8fb59ff276edc27\" alt=\"Source: Airbnb\" title=\"Source: Airbnb\" tg-width=\"640\" tg-height=\"204\"/><span>Source: Airbnb</span></p><p>One of the best reasons to buy Airbnb is that the booking firm is now consistently profitable on an adjusted EBITDA and free cash flow basis: ever since the first-quarter of 2022, Airbnb has achieved positive adjusted EBITDA as well as strong EBITDA margins of up to 51%. The second- and third-quarters are typically strong quarters for Airbnb, as seasonality (summer vacations) positively influence business performance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b9220a83109e9874832a94c716bc6205\" alt=\"Source: Airbnb\" title=\"Source: Airbnb\" tg-width=\"640\" tg-height=\"450\"/><span>Source: Airbnb</span></p><h2>Airbnb is now a highly profitable free cash flow business</h2><p>Due to the recovery of Airbnb&#39;s booking business after the pandemic, the company has achieved impressive free cash flow profitability as well. Airbnb generated $3.8B in free cash flow in the last twelve months, which calculates to a free cash flow margin of 44%. In the first quarter of FY 2023, the booking platform achieved a FCF margin of a massive 87%, although investors must expect this margin to normalize throughout the summer months as people pre-pay for their trips. However, a FCF margin around 40-50% is insanely impressive, and it proves that Airbnb is running a highly profitable enterprise.</p><table style=\"border-collapse:collapse;\"><tbody><tr><td style=\"text-align:left;\"><p>Airbnb</p></td><td style=\"text-align:left;\"><p>Q1&#39;22</p></td><td style=\"text-align:left;\"><p>Q2&#39;22</p></td><td style=\"text-align:left;\"><p>Q3&#39;22</p></td><td style=\"text-align:left;\"><p>Q4&#39;22</p></td><td style=\"text-align:left;\"><p>Q1&#39;23</p></td><td style=\"text-align:left;\"><p>Growth Y/Y</p></td></tr><tr><td style=\"text-align:left;\"><p>Revenues ($M)</p></td><td style=\"text-align:left;\"><p>$1,509</p></td><td style=\"text-align:left;\"><p>$2,104</p></td><td style=\"text-align:left;\"><p>$2,884</p></td><td style=\"text-align:left;\"><p>$1,902</p></td><td style=\"text-align:left;\"><p>$1,818</p></td><td style=\"text-align:left;\"><p>20%</p></td></tr><tr><td style=\"text-align:left;\"><p>Operating Cash Flow ($M)</p></td><td style=\"text-align:left;\"><p>$1,202</p></td><td style=\"text-align:left;\"><p>$800</p></td><td style=\"text-align:left;\"><p>$965</p></td><td style=\"text-align:left;\"><p>$463</p></td><td style=\"text-align:left;\"><p>$1,587</p></td><td style=\"text-align:left;\"><p>32%</p></td></tr><tr><td style=\"text-align:left;\"><p>Capex ($M)</p></td><td style=\"text-align:left;\"><p>-$6</p></td><td style=\"text-align:left;\"><p>-$5</p></td><td style=\"text-align:left;\"><p>-$6</p></td><td style=\"text-align:left;\"><p>-$8</p></td><td style=\"text-align:left;\"><p>-$6</p></td><td style=\"text-align:left;\"><p>0%</p></td></tr><tr><td style=\"text-align:left;\"><p><strong>Free Cash Flow ($M)</strong></p></td><td style=\"text-align:left;\"><p><strong>$1,196</strong></p></td><td style=\"text-align:left;\"><p><strong>$795</strong></p></td><td style=\"text-align:left;\"><p><strong>$959</strong></p></td><td style=\"text-align:left;\"><p><strong>$455</strong></p></td><td style=\"text-align:left;\"><p><strong>$1,581</strong></p></td><td style=\"text-align:left;\"><p><strong>32%</strong></p></td></tr><tr><td style=\"text-align:left;\"><p>FCF Margin</p></td><td style=\"text-align:left;\"><p>79%</p></td><td style=\"text-align:left;\"><p>38%</p></td><td style=\"text-align:left;\"><p>33%</p></td><td style=\"text-align:left;\"><p>24%</p></td><td style=\"text-align:left;\"><p>87%</p></td><td style=\"text-align:left;\"><p>--</p></td></tr></tbody></table><p>(Source: Author)</p><p>A lot of this free cash flow is being returned to investors as well: through stock buybacks. In the first-quarter, Airbnb announced that its board of directors approved a stock buyback authorization of $2.5B and the company repurchased $493M of its common shares. Therefore, Airbnb returned 31% of its FCF to shareholders as stock buybacks in the first-quarter.</p><p>I expect Airbnb to repurchase about $400-500M quarterly until the buyback authorization is completed. Assuming $1.0B in normalized average quarterly free cash flow, Airbnb could return between 40-50% of its free cash flow as buybacks, each quarter, until the buyback authorization is exhausted.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fa9a221be89bd165f5ce185c42189669\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"417\"/><span>Data by YCharts</span></p><h2>Airbnb&#39;s valuation is high, but justified</h2><p>Airbnb is growing rapidly and projected to see 13-15% annual top line growth in each of the next five years. The travel company is currently valued at 7.4X forward revenues, which is above the valuations of other travel companies such as <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a> (BKNG), which owns Booking.com and Agoda, and <a href=\"https://laohu8.com/S/EXPE\">Expedia</a> (EXPE). Airbnb is also, at least right now, more expensive than its historical average: the 1-year average P/S ratio for Airbnb is 6.9X.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92d4b854cb9c54521afa88981cdb82c2\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"450\"/><span>Data by YCharts</span></p><p>Despite the higher valuation, I believe Airbnb&#39;s free cash flow margins justify the high price tag. With a free cash flow margin converging on 50%, Airbnb is an extremely profitable booking platform that has great potential to expand its valuation, in my opinion.</p><h2>Risks with Airbnb</h2><p>The biggest risk inherent in Airbnb&#39;s business model is seasonality. COVID-like pandemics that shut down the entire travel industry are risk factors as well that investors must be able to handle. What would change my mind about Airbnb is if the company were to scale back its stock buybacks, saw lower free cash flow margins or decided to return a lower percentage of its free cash flow to shareholders.</p><h2>Final thoughts</h2><p>Airbnb is a well-run business with consistent adjusted EBITDA profitability and the upcoming holiday/travel season could drive Airbnb&#39;s business to new records in bookings, revenues and free cash flow. Additionally, Airbnb is now generating very high free cash flow margins closing in on 50%, indicating that the booking platform has reached critical scale. Key performance metrics show that the company has moved on from the pandemic and is now a much larger business than before the pandemic. While shares of Airbnb are not a complete bargain, high free cash flows and stock buyback potential could drive a continual upward revaluation of Airbnb&#39;s shares, in my opinion!</p></body></html>","source":"seekingalpha","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>Airbnb: A Top Growth Stock With High FCF Margins</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\">\nAirbnb: A Top Growth Stock With High FCF Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-23 13:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4613060-airbnb-top-growth-stock-high-fcf-margins><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAirbnb is experiencing strong post-pandemic recovery momentum, with bookings growing and adjusted EBITDA profitability improving.The company has generated $3.8B in free cash flow in the last ...</p>\n\n<a href=\"https://seekingalpha.com/article/4613060-airbnb-top-growth-stock-high-fcf-margins\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4548":"巴美列捷福持仓","LU0557290698.USD":"施罗德环球可持续增长基金","BK4142":"酒店、度假村与豪华游轮","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4211":"区域性银行","BK4566":"资本集团","BK4535":"淡马锡持仓","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4588":"碎股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","ABNB":"爱彼迎","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD"},"source_url":"https://seekingalpha.com/article/4613060-airbnb-top-growth-stock-high-fcf-margins","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2345376936","content_text":"SummaryAirbnb is experiencing strong post-pandemic recovery momentum, with bookings growing and adjusted EBITDA profitability improving.The company has generated $3.8B in free cash flow in the last twelve months, indicating a highly profitable business model. The firm is buying back a ton of its shares.Risks include seasonality and potential future pandemics, but the upcoming summer travel season could act as a catalyst for further growth.SrdjanPavAirbnb (NASDAQ:ABNB) is widely free cash flow-profitable and the travel company is facing a powerful catalyst from the upcoming travel season. As summer travel starts, Airbnb is likely going to experience a seasonal surge in bookings, which could drive the firm's adjusted EBITDA and free cash flow to new records. While shares of Airbnb are not cheap with a forward price-to-revenue ratio of 7.4X, I believe Airbnb's high free cash flow margins translate into a risk profile that continues to be skewed to the upside!Data by YChartsStrong post-pandemic recovery creates business tailwindsCOVID-19 obviously was a major challenge for the travel industry including Airbnb which saw a collapse of bookings during the pandemic. The pandemic alone set Airbnb back by approximately two years, but business trends have materially improved since 2022 as the travel sector staged a strong rebound.According to Statista, most markets around the world (with the exception of Asia and Africa) are expected to have made a full recovery in air travel passenger numbers by either 2023 or 2024. For Airbnb, this implies procyclical business tailwinds that could result in new records for bookings, revenues and free cash flow.Source: StatistaAirbnb's booking business recovered strongly in FY 2022 and the company now widely exceeds its performance metrics from FY 2019. For the most recent quarter, Airbnb disclosed that it had 121.1M nights and experiences booked through its platform, which translated to a booking value of $20.4B. This means that Airbnb's booking value, a key metric that measures Airbnb's operational and financial performance, more than doubled compared to Q1'19.Source: AirbnbOne of the best reasons to buy Airbnb is that the booking firm is now consistently profitable on an adjusted EBITDA and free cash flow basis: ever since the first-quarter of 2022, Airbnb has achieved positive adjusted EBITDA as well as strong EBITDA margins of up to 51%. The second- and third-quarters are typically strong quarters for Airbnb, as seasonality (summer vacations) positively influence business performance.Source: AirbnbAirbnb is now a highly profitable free cash flow businessDue to the recovery of Airbnb's booking business after the pandemic, the company has achieved impressive free cash flow profitability as well. Airbnb generated $3.8B in free cash flow in the last twelve months, which calculates to a free cash flow margin of 44%. In the first quarter of FY 2023, the booking platform achieved a FCF margin of a massive 87%, although investors must expect this margin to normalize throughout the summer months as people pre-pay for their trips. However, a FCF margin around 40-50% is insanely impressive, and it proves that Airbnb is running a highly profitable enterprise.AirbnbQ1'22Q2'22Q3'22Q4'22Q1'23Growth Y/YRevenues ($M)$1,509$2,104$2,884$1,902$1,81820%Operating Cash Flow ($M)$1,202$800$965$463$1,58732%Capex ($M)-$6-$5-$6-$8-$60%Free Cash Flow ($M)$1,196$795$959$455$1,58132%FCF Margin79%38%33%24%87%--(Source: Author)A lot of this free cash flow is being returned to investors as well: through stock buybacks. In the first-quarter, Airbnb announced that its board of directors approved a stock buyback authorization of $2.5B and the company repurchased $493M of its common shares. Therefore, Airbnb returned 31% of its FCF to shareholders as stock buybacks in the first-quarter.I expect Airbnb to repurchase about $400-500M quarterly until the buyback authorization is completed. Assuming $1.0B in normalized average quarterly free cash flow, Airbnb could return between 40-50% of its free cash flow as buybacks, each quarter, until the buyback authorization is exhausted.Data by YChartsAirbnb's valuation is high, but justifiedAirbnb is growing rapidly and projected to see 13-15% annual top line growth in each of the next five years. The travel company is currently valued at 7.4X forward revenues, which is above the valuations of other travel companies such as Booking Holdings (BKNG), which owns Booking.com and Agoda, and Expedia (EXPE). Airbnb is also, at least right now, more expensive than its historical average: the 1-year average P/S ratio for Airbnb is 6.9X.Data by YChartsDespite the higher valuation, I believe Airbnb's free cash flow margins justify the high price tag. With a free cash flow margin converging on 50%, Airbnb is an extremely profitable booking platform that has great potential to expand its valuation, in my opinion.Risks with AirbnbThe biggest risk inherent in Airbnb's business model is seasonality. COVID-like pandemics that shut down the entire travel industry are risk factors as well that investors must be able to handle. What would change my mind about Airbnb is if the company were to scale back its stock buybacks, saw lower free cash flow margins or decided to return a lower percentage of its free cash flow to shareholders.Final thoughtsAirbnb is a well-run business with consistent adjusted EBITDA profitability and the upcoming holiday/travel season could drive Airbnb's business to new records in bookings, revenues and free cash flow. Additionally, Airbnb is now generating very high free cash flow margins closing in on 50%, indicating that the booking platform has reached critical scale. Key performance metrics show that the company has moved on from the pandemic and is now a much larger business than before the pandemic. While shares of Airbnb are not a complete bargain, high free cash flows and stock buyback potential could drive a continual upward revaluation of Airbnb's shares, in my opinion!","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184773547597944,"gmtCreate":1686150137668,"gmtModify":1686150139455,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184773547597944","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946644841,"gmtCreate":1680959321883,"gmtModify":1680959326365,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Nice game and free share&nbsp;","listText":"Nice game and free share&nbsp;","text":"Nice game and free share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946644841","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946929035,"gmtCreate":1680838972828,"gmtModify":1680838979810,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"To the moon gogogog&nbsp;","listText":"To the moon gogogog&nbsp;","text":"To the moon gogogog","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946929035","isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948493521,"gmtCreate":1680757647364,"gmtModify":1680757650452,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"GoogogogogogGoogoggogog","listText":"GoogogogogogGoogoggogog","text":"GoogogogogogGoogoggogog","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948493521","isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948838046,"gmtCreate":1680663969685,"gmtModify":1680663973429,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Bull bull bull bull bull&nbsp;","listText":"Bull bull bull bull bull&nbsp;","text":"Bull bull bull bull bull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948838046","isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948017194,"gmtCreate":1680609091219,"gmtModify":1680609094065,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Nice game&nbsp;[Miser]&nbsp;Nice nice&nbsp;","listText":"Nice game&nbsp;[Miser]&nbsp;Nice nice&nbsp;","text":"Nice game [Miser] Nice 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it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948012125","repostId":"9943960936","repostType":1,"repost":{"id":9943960936,"gmtCreate":1679046534725,"gmtModify":1680580626622,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher","htmlText":"🐰🌷 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>","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! Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941706500,"gmtCreate":1680586759300,"gmtModify":1680586762850,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"🚀🚀🚀","listText":"🚀🚀🚀","text":"🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941706500","repostId":"2324825551","repostType":2,"repost":{"id":"2324825551","kind":"highlight","pubTimestamp":1680585625,"share":"https://ttm.financial/m/news/2324825551?lang=&edition=fundamental","pubTime":"2023-04-04 13:20","market":"us","language":"en","title":"Tesla's Lower-Priced Model Coming With Planned Annual Capacity of 4 Million Units, Report Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2324825551","media":"CnEVPost","summary":"Tesla's lower-priced model will be a smaller version of the Model Y, and the EV maker is building a capacity plan for it of up to 4 million units a year, a new report said.\n...","content":"<html><head></head><body><blockquote>Tesla&#39;s lower-priced model will be a smaller version of the Model Y, and the EV maker is building a capacity plan for it of up to 4 million units a year, a new report said.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba11beedb0a16881ec731b5bec30a739\" alt=\"(Image credit: CnEVPost)\" title=\"(Image credit: CnEVPost)\" tg-width=\"1210\" tg-height=\"722\"/><span>(Image credit: CnEVPost)</span></p><p></p><p>Tesla (NASDAQ: TSLA) is planning capacity for a lower-priced model, though it&#39;s not the one previously rumored to be priced at $25,000, according to a new report.</p><p>The model will be a smaller version of the Model Y, for which Tesla is building an annual capacity plan of up to 4 million units, Chinese media outlet 36kr said in a report today, citing sources.</p><p>This is an early capacity strategy, and Tesla is signaling to the industry chain that the 4 million units of capacity will be spread across its factories located around the world, according to the report.</p><p>Tesla&#39;s North American plants will take on 2 million units of capacity, with the Monterrey, Mexico, plant providing the bulk of the capacity. Its factories in Berlin, Germany, and Shanghai will each take on 1 million units, the report said.</p><p>Tesla CEO Elon Musk said at the company&#39;s 2020 Battery Day that self-driving electric vehicles priced at $25,000 will be possible by 2023.</p><p>Although rumors of the lower-priced model have popped up from time to time over the past few years, it has never become a reality.</p><p>Depending on the factory&#39;s construction schedule, mass production of Tesla&#39;s $25,000 model may not come soon, and is likely to be more than a year away at least, the 36kr report said, citing a source.</p><p>If Tesla can bring the price of its EVs down to slightly more than RMB 100,000, not only will it gain significant market share for itself, but it will also be a huge push for the maturation of the industry chain, an industry source said, adding that this is when the smart EV industry will see drastic changes.</p><p style=\"text-align: left;\">Tesla has ambitious sales plans, and Musk said last year that the EV maker could open 10 to 12 new factories to increase production and eventually reach its goal of selling 20 million EVs a year by 2030.</p><p style=\"text-align: left;\">Tesla delivered 422,875 units worldwide in the first quarter, up 36.39 percent from 310,048 units in the same period last year and up 4.34 percent from 405,278 units delivered in the fourth quarter, according to its announcement on April 2.</p><p>Tesla Model 3 and Model Y delivered 412,180 units worldwide in the quarter, and Model S and Model X were 10,695 units.</p><p>In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. It is the largest Tesla factory in the world, with an annual capacity of about 1.1 million units per year.</p><p style=\"text-align: left;\">Tesla does not reveal its deliveries in China, although the China Passenger Car Association (CPCA) publishes these numbers every month.</p><p style=\"text-align: left;\">Tesla&#39;s deliveries in China in January and February were 26,843 and 33,923, respectively, and its Shanghai plant exported 39,208 and 40,479 units in the two months, according to the CPCA. March figures are expected to be available in the next few days.</p></body></html>","source":"cnevpost_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Lower-Priced Model Coming With Planned Annual Capacity of 4 Million Units, Report Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Lower-Priced Model Coming With Planned Annual Capacity of 4 Million Units, Report Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-04 13:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2023/04/04/tesla-lower-priced-model-coming-annual-capacity-4-million-report/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla's lower-priced model will be a smaller version of the Model Y, and the EV maker is building a capacity plan for it of up to 4 million units a year, a new report said.(Image credit: CnEVPost)...</p>\n\n<a href=\"https://cnevpost.com/2023/04/04/tesla-lower-priced-model-coming-annual-capacity-4-million-report/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4548":"巴美列捷福持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4555":"新能源车","LU0719512351.SGD":"JPMorgan Funds - 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Its factories in Berlin, Germany, and Shanghai will each take on 1 million units, the report said.Tesla CEO Elon Musk said at the company's 2020 Battery Day that self-driving electric vehicles priced at $25,000 will be possible by 2023.Although rumors of the lower-priced model have popped up from time to time over the past few years, it has never become a reality.Depending on the factory's construction schedule, mass production of Tesla's $25,000 model may not come soon, and is likely to be more than a year away at least, the 36kr report said, citing a source.If Tesla can bring the price of its EVs down to slightly more than RMB 100,000, not only will it gain significant market share for itself, but it will also be a huge push for the maturation of the industry chain, an industry source said, adding that this is when the smart EV industry will see drastic changes.Tesla has ambitious sales plans, and Musk said last year that the EV maker could open 10 to 12 new factories to increase production and eventually reach its goal of selling 20 million EVs a year by 2030.Tesla delivered 422,875 units worldwide in the first quarter, up 36.39 percent from 310,048 units in the same period last year and up 4.34 percent from 405,278 units delivered in the fourth quarter, according to its announcement on April 2.Tesla Model 3 and Model Y delivered 412,180 units worldwide in the quarter, and Model S and Model X were 10,695 units.In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. It is the largest Tesla factory in the world, with an annual capacity of about 1.1 million units per year.Tesla does not reveal its deliveries in China, although the China Passenger Car Association (CPCA) publishes these numbers every month.Tesla's deliveries in China in January and February were 26,843 and 33,923, respectively, and its Shanghai plant exported 39,208 and 40,479 units in the two months, according to the CPCA. March figures are expected to be available in the next few days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941206270,"gmtCreate":1680252492691,"gmtModify":1680252497193,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$&nbsp;</a><v-v data-views=\"1\"></v-v>🚀🚀🚀 $200 coming soon&nbsp;","listText":"<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$&nbsp;</a><v-v data-views=\"1\"></v-v>🚀🚀🚀 $200 coming soon&nbsp;","text":"$Alphabet(GOOG)$ 🚀🚀🚀 $200 coming soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941206270","isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941870163,"gmtCreate":1680161446053,"gmtModify":1680161449941,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"🚀🚀🚀","listText":"🚀🚀🚀","text":"🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941870163","repostId":"2323275705","repostType":2,"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":100593933,"gmtCreate":1619619955322,"gmtModify":1704726951654,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>up","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>up","text":"$Walt Disney(DIS)$up","images":[{"img":"https://static.tigerbbs.com/f427545a0e52899c81904ed04d1afb01","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/100593933","isVote":1,"tweetType":1,"viewCount":395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9955494429,"gmtCreate":1675651564961,"gmtModify":1676539937631,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"300 soon buy buy buy&nbsp;","listText":"300 soon buy buy buy&nbsp;","text":"300 soon buy buy buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955494429","repostId":"2308464849","repostType":4,"repost":{"id":"2308464849","kind":"highlight","pubTimestamp":1675636247,"share":"https://ttm.financial/m/news/2308464849?lang=&edition=fundamental","pubTime":"2023-02-06 06:30","market":"us","language":"en","title":"Is It Time to Buy Tesla Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2308464849","media":"Motley Fool","summary":"Tesla is full of distractions, but don't let the headlines impede your view on how the business is really performing.","content":"<html><head></head><body><p>KEY POINTS</p><ul><li>Tesla&#39;s production numbers were solid in Q4, even if they missed Wall Street&#39;s projections.</li><li>A price cut will affect Tesla&#39;s falling gross margins.</li><li>The stock is much cheaper than it has been in years past, but it&#39;s still quite expensive.</li></ul><p>One of the most polarizing stocks in today&#39;s market is <b>Tesla</b>. Bears will tell you it&#39;s just an over-valued automaker, while the bulls will claim it&#39;s a technology company that makes cars. In reality, it&#39;s a mixture of these things, but investors have to determine which case has more merit.</p><p>In 2022, the stock fell 65% -- giving the bears the performance they expected. However, it is already up 35% from the start of 2023 -- reinvigorating the bulls. So is this your signal to buy Tesla stock? Or has the stock (once again) run up too far and too fast? Let&#39;s find out.</p><h2>Gross margins are falling, but there&#39;s a floor in place</h2><p>CEO Elon Musk, who holds that title at Twitter, SpaceX, and numerous other companies, is at the center of the Tesla criticism. Unless you&#39;ve had your head in the sand, it&#39;s pretty apparent Musk has spent a lot of time improving his new $44 billion toy in Twitter. To make matters worse, about 50 Tesla engineers voluntarily worked on Twitter.</p><p>Clearly, this could be somewhat of a distraction, and it worried many investors.</p><p>However, Tesla&#39;s latest quarterly results seemed to wipe away those fears. In the fourth quarter, Tesla&#39;s production was quite impressive.</p><table><tbody><tr><th>Model</th><th>Q4 Production</th><th>YOY Growth</th></tr><tr><td>Model S/X production</td><td>20,613</td><td>57%</td></tr><tr><td>Model 3/Y production</td><td>419,088</td><td>43%</td></tr><tr><td>Total production</td><td>439,701</td><td>44%</td></tr></tbody></table><p>Data source: Tesla. YOY = Year over Year.</p><p>While these production numbers are impressive, there were a few other numbers that might concern investors. First, its day of supply inventory (how many days it would take Tesla to deplete its current vehicle inventory) rose to 13 days, which marks an increase from the third quarter&#39;s eight and the second quarter&#39;s four.</p><p>Now, one could argue 13 days is still relatively little supply (which I&#39;d agree with), but investors should keep an eye on this number to ensure it doesn&#39;t reach an egregious level. That would indicate Tesla is building vehicles, but there isn&#39;t consumer demand to buy them. For historical reference, this metric rose to 31 days in first-quarter 2019, so Tesla still has a ways to go before reaching this threshold.</p><p>Another issue investors zoomed in on was Tesla&#39;s margin pressure. In Q4, Tesla&#39;s automotive gross margin fell to 25.9% -- the lowest in five quarters. Falling gross margin can indicate increased cost of goods or weak pricing power, and with Tesla cutting prices on its models, this metric will come under further pressure. Still, CFO Zach Kirkhorn stated in the conference call that Tesla expects to post at least a 20% gross margin moving forward, even with the price cuts.</p><p>This move will likely cause the automotive gross margin to fall to its lowest point in five years in 2023.</p><table><tbody><tr><th>Year</th><th>Automotive Gross Margin</th></tr><tr><td>2018</td><td>23.4%</td></tr><tr><td>2019</td><td>21.2%</td></tr><tr><td>2020</td><td>25.6%</td></tr><tr><td>2021</td><td>29.3%</td></tr><tr><td>2022</td><td>28.5%</td></tr></tbody></table><p>Data source: Tesla.</p><p>Lower gross margins mean less capital to make profits from, but Tesla offset that with a 16% reduction in operating expenses -- something few other companies can say occurred in Q4. Those cost savings allowed Tesla to post $1.07 in Q4 earnings per share (EPS) -- a 57% increase.</p><p>So while Tesla investors have a few items to watch -- margins and inventory -- the quarter was great financially. But even the best companies bought at the wrong price can be a poor investment, so is the time right to buy Tesla?</p><h2>The stock is still expensive, but it&#39;s becoming more reasonable</h2><p>Inherently, there will be a massive disconnect between how bears and bulls think Tesla should be valued. Currently, Tesla trades at 49 times earnings, which isn&#39;t as bad as the 100 times or more it traded at during 2021. However, looking at Tesla&#39;s forward price-to-earnings (P/E) (which utilizes 2023 earnings projections) reveals another trend.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c8dcf87bc3f921789c4483793602315\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts.</span></p><p>With Tesla&#39;s trailing P/E ratio about the same as its forward P/E, analysts think Tesla&#39;s earnings will barely grow over 2022&#39;s levels.</p><p>For 2023, Tesla plans on achieving its 50% compounded annual growth rate of vehicle delivery since 2020, indicating about 1.7 million deliveries in 2023, or a 29% rise over 2022&#39;s numbers. Even with a slight gross margin compression, if Tesla can achieve its delivery goal, it will likely beat earnings estimates -- making the stock seem cheaper than it truly is.</p><p>Still, 45 times forward earnings isn&#39;t a cheap price to pay for any company. If you&#39;re committed to Tesla for the long term (three to five years), buying some shares now and holding on (while watching the business) might be a smart move. However, the valuation still poses a risk, and if Tesla slips up and fails to deliver on its projections, the stock could get rapidly sold off.</p><p>Tesla is far from a safe stock, but it&#39;s still an intriguing investment opportunity at these levels.</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>Is It Time to Buy Tesla Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nIs It Time to Buy Tesla Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-06 06:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/02/04/is-it-time-to-buy-tesla-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSTesla's production numbers were solid in Q4, even if they missed Wall Street's projections.A price cut will affect Tesla's falling gross margins.The stock is much cheaper than it has been in...</p>\n\n<a href=\"https://www.fool.com/investing/2023/02/04/is-it-time-to-buy-tesla-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4550":"红杉资本持仓","LU2063271972.USD":"富兰克林创新领域基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4551":"寇图资本持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4574":"无人驾驶","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4581":"高盛持仓","TSLA":"特斯拉","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1548497426.USD":"安联环球人工智能AT Acc","BK4555":"新能源车","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2023/02/04/is-it-time-to-buy-tesla-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308464849","content_text":"KEY POINTSTesla's production numbers were solid in Q4, even if they missed Wall Street's projections.A price cut will affect Tesla's falling gross margins.The stock is much cheaper than it has been in years past, but it's still quite expensive.One of the most polarizing stocks in today's market is Tesla. Bears will tell you it's just an over-valued automaker, while the bulls will claim it's a technology company that makes cars. In reality, it's a mixture of these things, but investors have to determine which case has more merit.In 2022, the stock fell 65% -- giving the bears the performance they expected. However, it is already up 35% from the start of 2023 -- reinvigorating the bulls. So is this your signal to buy Tesla stock? Or has the stock (once again) run up too far and too fast? Let's find out.Gross margins are falling, but there's a floor in placeCEO Elon Musk, who holds that title at Twitter, SpaceX, and numerous other companies, is at the center of the Tesla criticism. Unless you've had your head in the sand, it's pretty apparent Musk has spent a lot of time improving his new $44 billion toy in Twitter. To make matters worse, about 50 Tesla engineers voluntarily worked on Twitter.Clearly, this could be somewhat of a distraction, and it worried many investors.However, Tesla's latest quarterly results seemed to wipe away those fears. In the fourth quarter, Tesla's production was quite impressive.ModelQ4 ProductionYOY GrowthModel S/X production20,61357%Model 3/Y production419,08843%Total production439,70144%Data source: Tesla. YOY = Year over Year.While these production numbers are impressive, there were a few other numbers that might concern investors. First, its day of supply inventory (how many days it would take Tesla to deplete its current vehicle inventory) rose to 13 days, which marks an increase from the third quarter's eight and the second quarter's four.Now, one could argue 13 days is still relatively little supply (which I'd agree with), but investors should keep an eye on this number to ensure it doesn't reach an egregious level. That would indicate Tesla is building vehicles, but there isn't consumer demand to buy them. For historical reference, this metric rose to 31 days in first-quarter 2019, so Tesla still has a ways to go before reaching this threshold.Another issue investors zoomed in on was Tesla's margin pressure. In Q4, Tesla's automotive gross margin fell to 25.9% -- the lowest in five quarters. Falling gross margin can indicate increased cost of goods or weak pricing power, and with Tesla cutting prices on its models, this metric will come under further pressure. Still, CFO Zach Kirkhorn stated in the conference call that Tesla expects to post at least a 20% gross margin moving forward, even with the price cuts.This move will likely cause the automotive gross margin to fall to its lowest point in five years in 2023.YearAutomotive Gross Margin201823.4%201921.2%202025.6%202129.3%202228.5%Data source: Tesla.Lower gross margins mean less capital to make profits from, but Tesla offset that with a 16% reduction in operating expenses -- something few other companies can say occurred in Q4. Those cost savings allowed Tesla to post $1.07 in Q4 earnings per share (EPS) -- a 57% increase.So while Tesla investors have a few items to watch -- margins and inventory -- the quarter was great financially. But even the best companies bought at the wrong price can be a poor investment, so is the time right to buy Tesla?The stock is still expensive, but it's becoming more reasonableInherently, there will be a massive disconnect between how bears and bulls think Tesla should be valued. Currently, Tesla trades at 49 times earnings, which isn't as bad as the 100 times or more it traded at during 2021. However, looking at Tesla's forward price-to-earnings (P/E) (which utilizes 2023 earnings projections) reveals another trend.Data by YCharts.With Tesla's trailing P/E ratio about the same as its forward P/E, analysts think Tesla's earnings will barely grow over 2022's levels.For 2023, Tesla plans on achieving its 50% compounded annual growth rate of vehicle delivery since 2020, indicating about 1.7 million deliveries in 2023, or a 29% rise over 2022's numbers. Even with a slight gross margin compression, if Tesla can achieve its delivery goal, it will likely beat earnings estimates -- making the stock seem cheaper than it truly is.Still, 45 times forward earnings isn't a cheap price to pay for any company. If you're committed to Tesla for the long term (three to five years), buying some shares now and holding on (while watching the business) might be a smart move. However, the valuation still poses a risk, and if Tesla slips up and fails to deliver on its projections, the stock could get rapidly sold off.Tesla is far from a safe stock, but it's still an intriguing investment opportunity at these levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000162057,"gmtCreate":1640027215587,"gmtModify":1676533498644,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>\"As we expected, Didi will first delist its shares from the NYSE and start filing for listing on HKEX. The company is already facing class action lawsuit in the US, and we think Didi will buy back its shares at the same IPO price of US$14 per share. However, it may not be able to relist its shares in HK at the same price (rather at a lower price) given there will be stringent control by the state over its use of user's personal data (which will place it at a disadvantage) and location related issues such as liquidity, etc.","listText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>\"As we expected, Didi will first delist its shares from the NYSE and start filing for listing on HKEX. The company is already facing class action lawsuit in the US, and we think Didi will buy back its shares at the same IPO price of US$14 per share. However, it may not be able to relist its shares in HK at the same price (rather at a lower price) given there will be stringent control by the state over its use of user's personal data (which will place it at a disadvantage) and location related issues such as liquidity, etc.","text":"$DiDi Global Inc.(DIDI)$\"As we expected, Didi will first delist its shares from the NYSE and start filing for listing on HKEX. The company is already facing class action lawsuit in the US, and we think Didi will buy back its shares at the same IPO price of US$14 per share. However, it may not be able to relist its shares in HK at the same price (rather at a lower price) given there will be stringent control by the state over its use of user's personal data (which will place it at a disadvantage) and location related issues such as liquidity, etc.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000162057","isVote":1,"tweetType":1,"viewCount":1261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193905295,"gmtCreate":1620743111917,"gmtModify":1704347746548,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>upup","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>upup","text":"$Tiger Brokers(TIGR)$upup","images":[{"img":"https://static.tigerbbs.com/0d91f3a04f4a4b5b3b7fc2f087bf7b6e","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193905295","isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102448720,"gmtCreate":1620238035860,"gmtModify":1704340627543,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/102448720","repostId":"2133525535","repostType":4,"repost":{"id":"2133525535","kind":"highlight","pubTimestamp":1620226200,"share":"https://ttm.financial/m/news/2133525535?lang=&edition=fundamental","pubTime":"2021-05-05 22:50","market":"us","language":"en","title":"What JPMorgan's New Fund Means for Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2133525535","media":"Motley Fool","summary":"The newest fund to trade in the popular cryptocurrency is the most surprising one yet.","content":"<p><b>JPMorgan Chase</b>&nbsp;(NYSE:JPM)&nbsp;could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed <b>Bitcoin</b>&nbsp;(CRYPTO:BTC)&nbsp;fund. While reports of the bank's plans and timelines have not been confirmed on the record by JPMorgan, the sources seem to be consistent and credible.</p>\n<p>Here's how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way -- and why it matters for crypto investors.</p>\n<p><img src=\"https://static.tigerbbs.com/de4e309a22a978f8524b579aba016cb8\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2>How it's happening</h2>\n<p>JPMorgan CEO Jamie Dimon has made his disdain for Bitcoin no secret. As recently as 2017, Dimon called Bitcoin a fraud. He even predicted that \"someone is going to get killed\" in its wake. While Dimon still isn't the cryptocurrency's biggest fan, JPMorgan has since started planning a Bitcoin fund for a limited number of its private wealth clients. Client demand for Bitcoin has simply forced JPMorgan into action, just as the bank predicted it would eventually do -- despite its CEO's opinion. </p>\n<p>The big difference between JPMorgan's proposed Bitcoin fund and most other existing (or proposed) Bitcoin funds is active management. This distinction means that JPMorgan will professionally manage the fund for a fee, with the end goal of achieving higher returns than a straight investment in Bitcoin or a passively managed Bitcoin ETF would attain.</p>\n<p>In practice, there is not much evidence that actively managed funds outperform passively managed funds. The best quick illustration of this may be Warren Buffet's big bet against the hedge fund industry -- the famous investor bet a hedge fund manager that an S&amp;P 500 index fund (i.e., a low-fee passively managed ETF) would outperform a portfolio of hedge funds (i.e., high-fee actively managed funds) over a 10-year period. Buffet won the bet. </p>\n<p>Most other Bitcoin funds (including well-known Grayscale Investments' massive Bitcoin fund) behave more like exchange-traded funds (ETFs), meaning that their prices move in direct correlation with the market without fund management intervention. JPMorgan would have to time the market incredibly well to prove that its active management of Bitcoin can outperform its passive market counterparts.</p>\n<h2>When it's happening</h2>\n<p>Grayscale and other newly proposed ETFs from major U.S. banks are caught in a race for SEC approval to be the first American Bitcoin ETF.&nbsp;Canada's recently approved Bitcoin ETF and the involvement of big-name U.S. banks in ETF applications have put pressure on the SEC and raised expectations for approval in the near future.</p>\n<p>So why the rush for a Bitcoin ETF anyway? Simply put, they are easier and more convenient than a direct investment in Bitcoin, especially for investors who are not totally comfortable in a crypto exchange. With a Bitcoin ETF, an individual can invest in the asset through their traditional market exchange without worrying about complex security issues like protecting digital wallet passwords. Unfortunately, early investors in Bitcoin have lost hundreds of millions of dollars in digital wallets with forgotten passwords.</p>\n<p>JPMorgan does not seem to expect any regulatory trouble launching its fund by this summer. Meanwhile, the SEC has delayed any decisions on Bitcoin ETFs until this summer at the earliest, setting any and all Bitcoin ETFs most likely behind JPMorgan's fund in timeline.</p>\n<h2>Why it matters</h2>\n<p>If all goes as planned, JPMorgan's fund will be the first actively managed Bitcoin-specific fund. This is an objectively unprecedented, exciting move in the Bitcoin world; however, whether an actively managed Bitcoin fund will be more cost-efficient than a direct investment or ETF investment is yet to be determined.</p>\n<p>I predict that it will be more cost-efficient for almost all investors to buy Bitcoin directly or through a no-fee ETF and keep an eye on its price fluctuations. While JPMorgan hasn't revealed any fee structure yet, actively managed funds usually involve steep costs (compared to ETFs or direct investments) because the funds manage the buying and selling of several different assets -- not just <a href=\"https://laohu8.com/S/AONE\">one</a>.</p>\n<p>Active management of Bitcoin, as opposed to active management of an entire portfolio of varied cryptocurrency assets, is a unique and new concept in the crypto market. But this doesn't necessarily mean it will outperform more varied actively managed crypto funds or even Bitcoin itself. Still, the fund's existence will be important for the overall maturity of the crypto market.</p>\n<p>If I were to buy more BTC, I would likely do it before this summer with a plan to hold for the long term, since Bitcoin ETF approvals are likely to make headlines and increase trading volume. The approval of these funds from major banks and the ensuing heightened demand for Bitcoin will likely raise the crypto's price in the long run, spurring further acceptance of Bitcoin as an asset class. With that said, the crypto market is unpredictable and notoriously volatile.&nbsp;As always, only invest an amount that you're willing to lose in risky cryptocurrency assets.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What JPMorgan's New Fund Means for Bitcoin</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\">\nWhat JPMorgan's New Fund Means for Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan Chase (NYSE:JPM) could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed Bitcoin (CRYPTO:BTC) fund. While...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold"},"source_url":"https://www.fool.com/investing/2021/05/05/what-jpmorgans-new-fund-means-for-bitcoin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133525535","content_text":"JPMorgan Chase (NYSE:JPM) could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed Bitcoin (CRYPTO:BTC) fund. While reports of the bank's plans and timelines have not been confirmed on the record by JPMorgan, the sources seem to be consistent and credible.\nHere's how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way -- and why it matters for crypto investors.\n\nImage source: Getty Images.\nHow it's happening\nJPMorgan CEO Jamie Dimon has made his disdain for Bitcoin no secret. As recently as 2017, Dimon called Bitcoin a fraud. He even predicted that \"someone is going to get killed\" in its wake. While Dimon still isn't the cryptocurrency's biggest fan, JPMorgan has since started planning a Bitcoin fund for a limited number of its private wealth clients. Client demand for Bitcoin has simply forced JPMorgan into action, just as the bank predicted it would eventually do -- despite its CEO's opinion. \nThe big difference between JPMorgan's proposed Bitcoin fund and most other existing (or proposed) Bitcoin funds is active management. This distinction means that JPMorgan will professionally manage the fund for a fee, with the end goal of achieving higher returns than a straight investment in Bitcoin or a passively managed Bitcoin ETF would attain.\nIn practice, there is not much evidence that actively managed funds outperform passively managed funds. The best quick illustration of this may be Warren Buffet's big bet against the hedge fund industry -- the famous investor bet a hedge fund manager that an S&P 500 index fund (i.e., a low-fee passively managed ETF) would outperform a portfolio of hedge funds (i.e., high-fee actively managed funds) over a 10-year period. Buffet won the bet. \nMost other Bitcoin funds (including well-known Grayscale Investments' massive Bitcoin fund) behave more like exchange-traded funds (ETFs), meaning that their prices move in direct correlation with the market without fund management intervention. JPMorgan would have to time the market incredibly well to prove that its active management of Bitcoin can outperform its passive market counterparts.\nWhen it's happening\nGrayscale and other newly proposed ETFs from major U.S. banks are caught in a race for SEC approval to be the first American Bitcoin ETF. Canada's recently approved Bitcoin ETF and the involvement of big-name U.S. banks in ETF applications have put pressure on the SEC and raised expectations for approval in the near future.\nSo why the rush for a Bitcoin ETF anyway? Simply put, they are easier and more convenient than a direct investment in Bitcoin, especially for investors who are not totally comfortable in a crypto exchange. With a Bitcoin ETF, an individual can invest in the asset through their traditional market exchange without worrying about complex security issues like protecting digital wallet passwords. Unfortunately, early investors in Bitcoin have lost hundreds of millions of dollars in digital wallets with forgotten passwords.\nJPMorgan does not seem to expect any regulatory trouble launching its fund by this summer. Meanwhile, the SEC has delayed any decisions on Bitcoin ETFs until this summer at the earliest, setting any and all Bitcoin ETFs most likely behind JPMorgan's fund in timeline.\nWhy it matters\nIf all goes as planned, JPMorgan's fund will be the first actively managed Bitcoin-specific fund. This is an objectively unprecedented, exciting move in the Bitcoin world; however, whether an actively managed Bitcoin fund will be more cost-efficient than a direct investment or ETF investment is yet to be determined.\nI predict that it will be more cost-efficient for almost all investors to buy Bitcoin directly or through a no-fee ETF and keep an eye on its price fluctuations. While JPMorgan hasn't revealed any fee structure yet, actively managed funds usually involve steep costs (compared to ETFs or direct investments) because the funds manage the buying and selling of several different assets -- not just one.\nActive management of Bitcoin, as opposed to active management of an entire portfolio of varied cryptocurrency assets, is a unique and new concept in the crypto market. But this doesn't necessarily mean it will outperform more varied actively managed crypto funds or even Bitcoin itself. Still, the fund's existence will be important for the overall maturity of the crypto market.\nIf I were to buy more BTC, I would likely do it before this summer with a plan to hold for the long term, since Bitcoin ETF approvals are likely to make headlines and increase trading volume. The approval of these funds from major banks and the ensuing heightened demand for Bitcoin will likely raise the crypto's price in the long run, spurring further acceptance of Bitcoin as an asset class. With that said, the crypto market is unpredictable and notoriously volatile. As always, only invest an amount that you're willing to lose in risky cryptocurrency assets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575366267501972","authorId":"3575366267501972","name":"虎媽","avatar":"https://static.tigerbbs.com/addaf8f5c70389d895e9f8f49cdc8283","crmLevel":2,"crmLevelSwitch":0,"idStr":"3575366267501972","authorIdStr":"3575366267501972"},"content":"Help like n reply thanks","text":"Help like n reply thanks","html":"Help like n reply thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955411266,"gmtCreate":1675664165955,"gmtModify":1676539940364,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Time to buy&nbsp;","listText":"Time to buy&nbsp;","text":"Time to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955411266","repostId":"2309680957","repostType":2,"repost":{"id":"2309680957","kind":"highlight","pubTimestamp":1675669801,"share":"https://ttm.financial/m/news/2309680957?lang=&edition=fundamental","pubTime":"2023-02-06 15:50","market":"us","language":"en","title":"Apple: Risks Remain But Upside Potential Evident","url":"https://stock-news.laohu8.com/highlight/detail?id=2309680957","media":"Seeking Alpha","summary":"SummaryWith the improvement of the macroeconomic environment, we expect an improvement of the firm's","content":"<html><head></head><body><h2>Summary</h2><ul><li>With the improvement of the macroeconomic environment, we expect an improvement of the firm&#39;s financial performance in the coming quarters, including supply, demand, costs and the FX environment.</li><li>The dependence on China is likely to remain a significant risk in the years to come.</li><li>The increase in services revenue is an attractive sign and may contribute significantly to margin expansions in the quarters to come.</li><li>All in all, we remain bullish on Apple.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa0ecbe7717eaf228b60ac688d7f8936\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>Shahid Jamil</span></p><h2>Introduction</h2><p>Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.</p><p>We have written two articles on Apple&#39;s stock in 2022. Both times, we had a bullish view.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6890004543e33bfae84a518ba9e617c4\" tg-width=\"640\" tg-height=\"390\" referrerpolicy=\"no-referrer\"/><span>Analysis history (Author)</span></p><p>Today, after the earnings release, we are revisiting Apple once again, but now taking a look at the business from a different perspective. We will examine Apple&#39;s profitability and efficiency over time, while discussing the latest quarterly results and their implications going forward. We will also give an updated view on the &#34;China risk&#34; that we have elaborated on in our previous article.</p><h2>Quarterly results</h2><p>In the first quarter of FY2023 (Q1-23), Apple has posted revenues, which have declined 5% year-over-year, reaching $117.2 billion. At the same time, earnings per share came at $1.88 per share.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14e18a486a5e2426a048e79775609d32\" tg-width=\"640\" tg-height=\"87\" referrerpolicy=\"no-referrer\"/><span>Net sales (Apple)</span></p><p>Important to point out that the weakening of the product revenue has been partially offset by the increase in services revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4ec75b265e5130c79b21db5c697b81a\" tg-width=\"640\" tg-height=\"139\" referrerpolicy=\"no-referrer\"/><span>Revenue by segment (Apple)</span></p><p>Only the iPad and the Services segments have not seen a decline in revenue in the past quarter.</p><p>While the revenue decline may appear discouraging for many, we have to understand the factors that have been playing a major role in this development. The macroeconomic environment in 2022 has been quite challenging, leading to problems both on the supply and demand sides, and resulting in elevated costs.</p><h2>Demand</h2><p>Consumer confidence in 2022 has hit historic lows. During times of poor consumer sentiment, people are less likely to spend on discretionary, durable items, such as personal electronics.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7a2efdf8806aeb4148a1a764a549fac\" tg-width=\"640\" tg-height=\"297\" referrerpolicy=\"no-referrer\"/><span>Consumer sentiment (Tradingeconomics.com)</span></p><p>Since its lows in June, this indicator has been gradually improving, albeit continuing to stay at relatively low levels.</p><p>Consumer confidence is often treated as a leading economic indicator, which can be used to gauge the change in trend in the spending behaviour of the consumer. We believe that consumer sentiment is likely to keep increasing (however, probably at a slower pace) in 2023, potentially leading to positive impacts on the spending. This in turn could lead to even higher demand for Apple&#39;s products and services.</p><h2>Supply</h2><p>The Covid-19 restrictions in China, due to the country&#39;s zero Covid policy has played a major role in creating supply side issues over the past years. In our previous article we have articulated the problems in detail, which have been primarily related to the fact that most of Apple&#39;s manufacturing is concentrated in China. Therefore factory shut downs and the dissatisfaction of the workers with the policies have led to substantial declines in output. The manufacturing issues have been primarily related to the higher end iPhones, potentially contributing significantly to the sales decline in the iPhone segment.</p><p>Looking forward, we are happy to see that services revenue has increased, because it is not directly limited by any supply side problems. While the zero Covid policy has been since then suspended, China is &#34;reopening&#34;, and Apple has also taken steps to diversify its manufacturing, shifting the production of some of its products to India, it may take several years to fully materialise and become less dependent on China. For now, the firm&#39;s dependence on China and on the revenue of iPhone sales remain significant risks. Therefore, we believe that the service revenue stream is strategically important.</p><h2>Costs</h2><p>While revenue has declined by about 5%, cost of sales has only declined by about 4%, leading to a gross margin contraction.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe5a40d43a95fd6206c50819acb57228\" tg-width=\"640\" tg-height=\"74\" referrerpolicy=\"no-referrer\"/><span>Cost of sales (Apple)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc36ed53070351a6a5576c969016fc66\" tg-width=\"640\" tg-height=\"67\" referrerpolicy=\"no-referrer\"/><span>Gross margins (Apple)</span></p><p>Another reason why we are actually happy to see the services segment expanding is its high gross margin. While the services gross margin has also contracted in the prior quarter, it still remains more than 30% higher than the products gross margin.</p><p>Operating expenses have even increased during the period, leading to substantial decline in operating income and in net income. Both the R&amp;D and the SG&amp;A expense increases have been related to the headcount increase.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa385e9b89e7105f9aa076dce7f32d1b\" tg-width=\"640\" tg-height=\"77\" referrerpolicy=\"no-referrer\"/><span>Operating expenses (Apple)</span></p><p>Looking forward, we expect the macroeconomic environment to keep improving in 2023. In our opinion, the positive effects of this improvement are likely to be already more visible in the second half of the year. We believe that energy prices are not likely to increase again to their 2022 highs in the near future, which could have a positive impact on the freight and raw material costs. Inflationary pressures are likely to be easing too, potentially resulting in a downward pressure on wages.</p><h2>Currency</h2><p>When looking at the sales result by geography, we can see that sales have declined in all regions. The firm has been citing the relative strength of the USD compared to other currencies as the main driver of the decline.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01288010f10822157d3e1150080b954f\" tg-width=\"640\" tg-height=\"146\" referrerpolicy=\"no-referrer\"/><span>Sales by region (Apple)</span></p><p>The dollar index has, however, peaked mid-2022 and has been falling sharply since then.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27adae75c94ae075541c2e8a08598f21\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/><span>Dollar index (Tradingeconomics.com)</span></p><p>Looking forward, we believe that this development is likely to benefit AAPL&#39;s financial performance in the coming quarters.</p><p>Overall, we are not discouraged by the revenue and earnings decline reported, and our view remains bullish on the firm.</p><p>Now that we have looked at the latest quarterly report, let us take a look at the firm&#39;s profitability and efficiency and their dynamics over the past years.</p><h2>Return on equity</h2><p>ROE is an important measure of financial performance and it is often used to gauge the corporation&#39;s profitability and its efficiency of generating profits. An improving or stable ROE is encouraging.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef43084f215b2acadcfbcfccdfad4557\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Apple&#39;s ROE has been gradually improving over the past 5 years, increasing significantly above 100%. Let us decompose this measure into three parts, namely the net profit margin, the asset turnover and the equity multiplier to analyse what factor has been primarily responsible for this apparently outstanding performance.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/659d6d227e16e837be187b05168b718e\" tg-width=\"640\" tg-height=\"96\" referrerpolicy=\"no-referrer\"/><span>ROE decomposition (investopedia.com)</span></p><h2>Net profit margin</h2><p>Net profit margin measures how much net income or profit is generated as a percentage of revenue.</p><p>Despite the recent decline due to the challenging macroeconomic environment, AAPL has managed to substantially improve its net margin over the past 5 years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5a4df6445fc2479c4d356c392036a2e\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Looking forward, if the firm manages to keep increasing the share of services revenue stream, the net margin is likely to keep expanding further. Moreover, we believe that the improving macroeconomic environment, and its implications on the costs, as explained earlier, are also likely to positively impact AAPL&#39;s profitability measure.</p><h2>Asset turnover</h2><p>The asset turnover ratio (or sometimes called asset utilization) measures the value of a company&#39;s sales or revenues relative to the value of its assets. It indicates how effectively the company is using its assets to generate sales. Promising to see that Apple has been gradually getting more efficient in using its assets to generate more revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b71b8d4bfc8becb99b454ca4e86235f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><h2>Equity multiplier</h2><p>The last part of the three step decomposition of the ROE is the equity multiplier, which is simply the ratio of assets to shareholder equity. A higher ratio indicates more leverage, meaning that the firm is using a larger amount of debt to finance its assets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/890e7cdf34b19e21d1864f9ee936aeb0\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Apple&#39;s leverage has been increasing at a rapid pace. This is a development that we do not find that appealing and could also present some risks going forward. True, that Apple is using its assets more and more efficiently, including its debt as well, however it has unwanted impacts on the firm&#39;s liquidity.</p><p>Apple&#39;s liquidity ratios have been gradually declining since 2020. The current- and quick ratios measures whether the company is able to cover its current liabilities using its current assets. The difference between the quick- and the current ratio is that the quick ratio excludes the inventory from the calculation. Ideally, we would like to see these ratios above 1, or at least gradually trending upwards. It is, however, not the case.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a401b4995910cde001010161a98ac47b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Before sounding too alarming, we also have to take a look at these measures of some of AAPL&#39;s peers. Relative to the companies mentioned below, Apple&#39;s measures look quite average.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c68990f3039d2c3db33b7a56d29edd6c\" tg-width=\"640\" tg-height=\"236\" referrerpolicy=\"no-referrer\"/><span>Comparison (Seeking Alpha)</span></p><p>Further, Apple is generating substantial cash flow from operations, which are more than enough to sustain their debt levels at the moment.</p><p>Regardless, we would like to see Apple&#39;s liquidity ratios improving to make sure that the firm has enough financial flexibility in case the macroeconomic environment does not improve as expected.</p><h2>To remember</h2><p>Despite the decline in sales in the latest quarter, our view remains bullish on Apple&#39;s business. With the improvement of the macroeconomic environment, we expect an improvement in the firm&#39;s financial performance in the coming quarters, including supply, demand, costs and the FX environment.</p><p>Apple has been increasing its efficiency and profitability gradually over the years. If the services revenue stream can grow further, it could have additional positive impacts on the profitability, due to its exceptionally high margins.</p><p>The dependence on China for manufacturing and the substantial dependence of the revenue on iPhone sales are likely to remain risk factors for the coming years.</p><p>We also would like to see the company&#39;s liquidity ratios improving.</p><p>All in all, we remain bullish on Apple.</p><p><i>This article is written by Bela Lakos for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","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>Apple: Risks Remain But Upside Potential Evident</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\">\nApple: Risks Remain But Upside Potential Evident\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-06 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4575425-apple-stock-risks-remain-upside-potential-evident><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWith the improvement of the macroeconomic environment, we expect an improvement of the firm's financial performance in the coming quarters, including supply, demand, costs and the FX ...</p>\n\n<a href=\"https://seekingalpha.com/article/4575425-apple-stock-risks-remain-upside-potential-evident\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4515":"5G概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4534":"瑞士信贷持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4579":"人工智能","LU0109392836.USD":"富兰克林科技股A","BK4501":"段永平概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4574":"无人驾驶","BK4559":"巴菲特持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4573":"虚拟现实","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","BK4527":"明星科技股","BK4550":"红杉资本持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4507":"流媒体概念","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4554":"元宇宙及AR概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","AAPL":"苹果","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4571":"数字音乐概念","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4576":"AR","BK4170":"电脑硬件、储存设备及电脑周边","LU0056508442.USD":"贝莱德世界科技基金A2","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4575425-apple-stock-risks-remain-upside-potential-evident","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2309680957","content_text":"SummaryWith the improvement of the macroeconomic environment, we expect an improvement of the firm's financial performance in the coming quarters, including supply, demand, costs and the FX environment.The dependence on China is likely to remain a significant risk in the years to come.The increase in services revenue is an attractive sign and may contribute significantly to margin expansions in the quarters to come.All in all, we remain bullish on Apple.Shahid JamilIntroductionApple Inc. (NASDAQ:AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.We have written two articles on Apple's stock in 2022. Both times, we had a bullish view.Analysis history (Author)Today, after the earnings release, we are revisiting Apple once again, but now taking a look at the business from a different perspective. We will examine Apple's profitability and efficiency over time, while discussing the latest quarterly results and their implications going forward. We will also give an updated view on the \"China risk\" that we have elaborated on in our previous article.Quarterly resultsIn the first quarter of FY2023 (Q1-23), Apple has posted revenues, which have declined 5% year-over-year, reaching $117.2 billion. At the same time, earnings per share came at $1.88 per share.Net sales (Apple)Important to point out that the weakening of the product revenue has been partially offset by the increase in services revenue.Revenue by segment (Apple)Only the iPad and the Services segments have not seen a decline in revenue in the past quarter.While the revenue decline may appear discouraging for many, we have to understand the factors that have been playing a major role in this development. The macroeconomic environment in 2022 has been quite challenging, leading to problems both on the supply and demand sides, and resulting in elevated costs.DemandConsumer confidence in 2022 has hit historic lows. During times of poor consumer sentiment, people are less likely to spend on discretionary, durable items, such as personal electronics.Consumer sentiment (Tradingeconomics.com)Since its lows in June, this indicator has been gradually improving, albeit continuing to stay at relatively low levels.Consumer confidence is often treated as a leading economic indicator, which can be used to gauge the change in trend in the spending behaviour of the consumer. We believe that consumer sentiment is likely to keep increasing (however, probably at a slower pace) in 2023, potentially leading to positive impacts on the spending. This in turn could lead to even higher demand for Apple's products and services.SupplyThe Covid-19 restrictions in China, due to the country's zero Covid policy has played a major role in creating supply side issues over the past years. In our previous article we have articulated the problems in detail, which have been primarily related to the fact that most of Apple's manufacturing is concentrated in China. Therefore factory shut downs and the dissatisfaction of the workers with the policies have led to substantial declines in output. The manufacturing issues have been primarily related to the higher end iPhones, potentially contributing significantly to the sales decline in the iPhone segment.Looking forward, we are happy to see that services revenue has increased, because it is not directly limited by any supply side problems. While the zero Covid policy has been since then suspended, China is \"reopening\", and Apple has also taken steps to diversify its manufacturing, shifting the production of some of its products to India, it may take several years to fully materialise and become less dependent on China. For now, the firm's dependence on China and on the revenue of iPhone sales remain significant risks. Therefore, we believe that the service revenue stream is strategically important.CostsWhile revenue has declined by about 5%, cost of sales has only declined by about 4%, leading to a gross margin contraction.Cost of sales (Apple)Gross margins (Apple)Another reason why we are actually happy to see the services segment expanding is its high gross margin. While the services gross margin has also contracted in the prior quarter, it still remains more than 30% higher than the products gross margin.Operating expenses have even increased during the period, leading to substantial decline in operating income and in net income. Both the R&D and the SG&A expense increases have been related to the headcount increase.Operating expenses (Apple)Looking forward, we expect the macroeconomic environment to keep improving in 2023. In our opinion, the positive effects of this improvement are likely to be already more visible in the second half of the year. We believe that energy prices are not likely to increase again to their 2022 highs in the near future, which could have a positive impact on the freight and raw material costs. Inflationary pressures are likely to be easing too, potentially resulting in a downward pressure on wages.CurrencyWhen looking at the sales result by geography, we can see that sales have declined in all regions. The firm has been citing the relative strength of the USD compared to other currencies as the main driver of the decline.Sales by region (Apple)The dollar index has, however, peaked mid-2022 and has been falling sharply since then.Dollar index (Tradingeconomics.com)Looking forward, we believe that this development is likely to benefit AAPL's financial performance in the coming quarters.Overall, we are not discouraged by the revenue and earnings decline reported, and our view remains bullish on the firm.Now that we have looked at the latest quarterly report, let us take a look at the firm's profitability and efficiency and their dynamics over the past years.Return on equityROE is an important measure of financial performance and it is often used to gauge the corporation's profitability and its efficiency of generating profits. An improving or stable ROE is encouraging.Data by YChartsApple's ROE has been gradually improving over the past 5 years, increasing significantly above 100%. Let us decompose this measure into three parts, namely the net profit margin, the asset turnover and the equity multiplier to analyse what factor has been primarily responsible for this apparently outstanding performance.ROE decomposition (investopedia.com)Net profit marginNet profit margin measures how much net income or profit is generated as a percentage of revenue.Despite the recent decline due to the challenging macroeconomic environment, AAPL has managed to substantially improve its net margin over the past 5 years.Data by YChartsLooking forward, if the firm manages to keep increasing the share of services revenue stream, the net margin is likely to keep expanding further. Moreover, we believe that the improving macroeconomic environment, and its implications on the costs, as explained earlier, are also likely to positively impact AAPL's profitability measure.Asset turnoverThe asset turnover ratio (or sometimes called asset utilization) measures the value of a company's sales or revenues relative to the value of its assets. It indicates how effectively the company is using its assets to generate sales. Promising to see that Apple has been gradually getting more efficient in using its assets to generate more revenue.Data by YChartsEquity multiplierThe last part of the three step decomposition of the ROE is the equity multiplier, which is simply the ratio of assets to shareholder equity. A higher ratio indicates more leverage, meaning that the firm is using a larger amount of debt to finance its assets.Data by YChartsApple's leverage has been increasing at a rapid pace. This is a development that we do not find that appealing and could also present some risks going forward. True, that Apple is using its assets more and more efficiently, including its debt as well, however it has unwanted impacts on the firm's liquidity.Apple's liquidity ratios have been gradually declining since 2020. The current- and quick ratios measures whether the company is able to cover its current liabilities using its current assets. The difference between the quick- and the current ratio is that the quick ratio excludes the inventory from the calculation. Ideally, we would like to see these ratios above 1, or at least gradually trending upwards. It is, however, not the case.Data by YChartsBefore sounding too alarming, we also have to take a look at these measures of some of AAPL's peers. Relative to the companies mentioned below, Apple's measures look quite average.Comparison (Seeking Alpha)Further, Apple is generating substantial cash flow from operations, which are more than enough to sustain their debt levels at the moment.Regardless, we would like to see Apple's liquidity ratios improving to make sure that the firm has enough financial flexibility in case the macroeconomic environment does not improve as expected.To rememberDespite the decline in sales in the latest quarter, our view remains bullish on Apple's business. With the improvement of the macroeconomic environment, we expect an improvement in the firm's financial performance in the coming quarters, including supply, demand, costs and the FX environment.Apple has been increasing its efficiency and profitability gradually over the years. If the services revenue stream can grow further, it could have additional positive impacts on the profitability, due to its exceptionally high margins.The dependence on China for manufacturing and the substantial dependence of the revenue on iPhone sales are likely to remain risk factors for the coming years.We also would like to see the company's liquidity ratios improving.All in all, we remain bullish on Apple.This article is written by Bela Lakos for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076553657,"gmtCreate":1657874878179,"gmtModify":1676536075941,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Must buy. !!!!","listText":"Must buy. !!!!","text":"Must buy. !!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076553657","repostId":"1124443778","repostType":2,"repost":{"id":"1124443778","kind":"news","pubTimestamp":1657874217,"share":"https://ttm.financial/m/news/1124443778?lang=&edition=fundamental","pubTime":"2022-07-15 16:36","market":"us","language":"en","title":"META Stock Could Surge to $466, Says Tigress Financial","url":"https://stock-news.laohu8.com/highlight/detail?id=1124443778","media":"TipRanks","summary":"Story HighlightsKey metrics and qualitative theory support Tigress Financial’s bullish claim on Meta","content":"<div>\n<p>Story HighlightsKey metrics and qualitative theory support Tigress Financial’s bullish claim on Meta Platforms. If market efficiency holds, the stock could gain considerable value.Financial research ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-could-surge-to-466-says-tigress-financial/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>META Stock Could Surge to $466, Says Tigress Financial</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\">\nMETA Stock Could Surge to $466, Says Tigress Financial\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-15 16:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/meta-stock-could-surge-to-466-says-tigress-financial/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsKey metrics and qualitative theory support Tigress Financial’s bullish claim on Meta Platforms. If market efficiency holds, the stock could gain considerable value.Financial research ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/meta-stock-could-surge-to-466-says-tigress-financial/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.tipranks.com/news/article/meta-stock-could-surge-to-466-says-tigress-financial/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124443778","content_text":"Story HighlightsKey metrics and qualitative theory support Tigress Financial’s bullish claim on Meta Platforms. If market efficiency holds, the stock could gain considerable value.Financial research firm Tigress financial released a bombshell with its bullish analysis on Meta Platforms (META), stating that the stock might surge to $466, which implies an increase of 195%.According to Tigress, Meta “remains well-positioned to benefit from the evolution of social commerce, commercial aspects, and future monetization potential of the Metaverse.”Tigress’ analysis provides a valuable juxtaposition to Needham’s Laura Martin, who recently downgraded META stock from Outperform to Hold.According to Martin: “We lower our estimates because we believe cost growth will far exceed revenue growth for the next two years.” In addition, Martin pointed out that Meta’s moat is diminishing, causing much concern for its stock.Although Martin’s argument should be considered, I’m bullish and support Tigress Financial’s stance on Meta stock; here’s why.Meta in the Current MarketBlackRock’s (BLK) iShares MSCI USA Quality Factor ETF (QUAL) has Meta as one of its primary holdings, meaning that Meta is considered a high-quality stock with a robust balance sheet, a flying income statement, and dominant market share.High-quality stocks such as Meta could be rare performers if a recession or stagflation had to occur because risk-aversion will likely cause the market’s liquidity to gravitate towards high-quality assets.Furthermore, Meta is a “best-in-class” asset, as its presence in the technology market can’t be doubted. For example, the firm’s illustrious net income margin of 31.2% illustrates its pricing and bargaining power, which could sustain the company’s investors’ value accumulation.Meta Platforms’ Earnings Prospects are BrightMeta’s first-quarter results revealed a 7% year-over-year revenue increase as family app daily activity across its platforms rose 6%, and its ad impressions on its family apps surged 15% year-over-year.According to the firm’s CEO and founder, Mark Zuckerberg: “We made progress this quarter across a number of key company priorities, and we remain confident in the long-term opportunities and growth that our product roadmap will unlock.”Despite its maturity, Meta is still considered a secular growth company, which is conveyed by its five-year revenue CAGR (compound annual growth rate) of 31.6%. Secular growth stocks tend to brush off economic headwinds, making them exceptionally lucrative investments during uncertain times.There’s been much concern that an economic contraction would dent Facebook’s advertising revenue as enterprise spending wanes. However, investors must bear in mind that the online advertising industry is expected to grow at a CAGR of about 11% from 2021-2026, according to a report from technavio.This categorizes it as a high-growth domain. Moreover, Facebook is projected to own 24.1% of the ad-selling industry by 2023, which suggests that its segment earnings could be non-cyclical.Lastly, Meta’s Beneish M-Score of -3.11 means that the firm is on the back of a period of conservative accounting practices. As such, Meta could likely surprise to the upside with a few of its following earnings releases.Valuation Metrics Suggest Meta is UndervaluedRelative valuation metrics suggest that Meta stock is undervalued. The stock’s price-to-earnings ratio (12.4x) trades at a 55% discount to its five-year average, implying that Meta stock is trading below its cyclical peak.Additionally, with a PEG ratio of 0.94x, the market underscores the company’s earnings-per-share growth, which leaves an earnings-driven value gap in play.Another aspect that supports the claim that Meta is undervalued is the firm’s cash flow statement. Meta’s levered free cash flow has surged by 102% in the past year, and its price-to-cash-flow ratio is at a 58.3% discount to its five-year average, substantiating a theory that the market underscores Meta’s cash-flow-generating abilities.Lastly, out of most of the big technology stocks, Meta seems the most reasonably priced if judged on its price-to-earnings ratio. Thus, it’s valid to conclude that the stock stacks up impressively from a peer-analysis vantage point.Wall Street’s Take on Meta PlatformsTurning to Wall Street, Meta Platforms earns a Moderate Buy consensus rating based on 29 Buys, seven Holds, and two Sell ratings assigned in the past three months. The average META stock price target of $265.86 implies 68.2% upside potential.Concluding Thoughts – Tigress Financial May be RightMeta has lost more than half of its market value since the turn of the year. However, the firm’s fundamentals remain robust and quantitative metrics suggest that it’s an undervalued stock. As such, Tigress Financial could be correct in predicting that the stock might surge soon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198316139,"gmtCreate":1620925581021,"gmtModify":1704350643158,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Sad","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Sad","text":"$Tiger Brokers(TIGR)$Sad","images":[{"img":"https://static.tigerbbs.com/10549bdfb133915c0551d0ae3577642f","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198316139","isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9941870163,"gmtCreate":1680161446053,"gmtModify":1680161449941,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"🚀🚀🚀","listText":"🚀🚀🚀","text":"🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941870163","repostId":"2323275705","repostType":2,"repost":{"id":"2323275705","kind":"highlight","pubTimestamp":1680159565,"share":"https://ttm.financial/m/news/2323275705?lang=&edition=fundamental","pubTime":"2023-03-30 14:59","market":"us","language":"en","title":"History Shows Why Now Could Be a Once-in-a-Decade Buying Opportunity for Alphabet Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2323275705","media":"Motley Fool","summary":"Alphabet's struggles are only temporary.","content":"<html><head></head><body><p>Alphabet is the parent company of many iconic companies like Google, YouTube, and the Android operating system. While that may seem like a diverse lineup, the reality is these all generate revenue the same way: advertising.</p><p>This concentration hasn&#39;t worked in Alphabet&#39;s favor recently, with the stock currently down about 30% from its all-time high, primarily due to a weak advertising market.</p><p>However, this downturn is temporary, and I think Alphabet could be at a generational buying point for a few key reasons. So let&#39;s examine those reasons and discover why there has seldom been a better time to buy Alphabet&#39;s stock.</p><h2>Alphabet&#39;s revenue tends to fall before an economic downturn</h2><p>As mentioned, 78% of Alphabet&#39;s revenue comes from advertising. When corporate spending tightens, the first expense to get reduced is advertising. This harms Alphabet tremendously, as Alphabet&#39;s advertising revenue declined by 4% in Q4 when compared to last year&#39;s revenue.</p><p>But this isn&#39;t the end for Alphabet. In fact, the company has historically displayed better-than-average revenue growth immediately after some economic downturn occurs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/874d4ee43613e0e3157fe05ce164753c\" tg-width=\"720\" tg-height=\"449\"/></p><p>GOOGL Revenue (Quarterly YoY Growth) data by YCharts</p><p>The orange line in the chart indicates the probability of a recession. Each time this line begins to spike, the economy saw some cracks, although it doesn&#39;t necessarily mean an outright recession. This caused many companies to tighten their ad spending, but as soon as the worry was over, it came roaring back.</p><p>From a historical perspective, Alphabet may have a tough time this year, but 2024 will be much better. Wall Street analyst projections also back this up. Analysts think Alphabet will grow its revenue by 4.8% in 2023 and 11.5% in 2024.</p><p>So what does that mean for the stock?</p><h2>Alphabet&#39;s hiring spree affected its margins</h2><p>With the current status of falling advertising revenue, its revenue per employee isn&#39;t optimized. That means its operating margins are coming under pressure, which was evident in Q4, as they fell from 29% in 2021 to 24% in 2022.</p><p>Another influence on this number is Alphabet&#39;s aggressive hiring practices, as the company added nearly 34,000 employees throughout 2022. With this workforce mainly focused on artificial intelligence (AI) and other technical roles, investors may not see the value these workers add to the company for a while. Still, the company began cutting jobs, with about 6% of the workforce being laid off in January.</p><p>Even though Alphabet received criticism for its hiring spree, revenue per employee is still above pre-pandemic levels and within reach of an all-time high.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/227c90b27510f59cad7037ca72772706\" tg-width=\"720\" tg-height=\"433\"/></p><p>GOOGL Revenue Per Employee (Annual) data by YCharts</p><p>If investors are patient, these new employees will likely be able to add significant value to the company, which could boost earnings.</p><h2>The stock trades as it will never recover from its current difficulties</h2><p>So we&#39;ve seen that Alphabet&#39;s revenue is artificially low and that its operating margin will likely improve as the company&#39;s new employees are brought up to speed. Therefore, the future is quite bright for Alphabet&#39;s finances. Still, investors aren&#39;t convinced, as the stock trades at the lower end of its decade-long average price-to-earnings (P/E) ratio.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81fcf695b58508dabb7eaada24f4e4f0\" tg-width=\"720\" tg-height=\"433\"/></p><p>GOOGL PE Ratio data by YCharts</p><p>High revenue with the same margins will increase earnings, but higher revenue with improving margins will lead to massive earnings growth. These two components will make the denominator of the ratio get larger, making the stock seem even cheaper than it is right now.</p><p>If you utilize projected 2024 earnings, Alphabet trades at 17.4 times forward earnings. That&#39;s cheap for one of the most influential companies on Earth, which means investors shouldn&#39;t hesitate to take a position in Alphabet stock right now due to its future potential.</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>History Shows Why Now Could Be a Once-in-a-Decade Buying Opportunity for Alphabet Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHistory Shows Why Now Could Be a Once-in-a-Decade Buying Opportunity for Alphabet Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-30 14:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/29/history-shows-why-now-could-be-a-once-in-a-decade/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alphabet is the parent company of many iconic companies like Google, YouTube, and the Android operating system. While that may seem like a diverse lineup, the reality is these all generate revenue the...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/29/history-shows-why-now-could-be-a-once-in-a-decade/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://www.fool.com/investing/2023/03/29/history-shows-why-now-could-be-a-once-in-a-decade/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2323275705","content_text":"Alphabet is the parent company of many iconic companies like Google, YouTube, and the Android operating system. While that may seem like a diverse lineup, the reality is these all generate revenue the same way: advertising.This concentration hasn't worked in Alphabet's favor recently, with the stock currently down about 30% from its all-time high, primarily due to a weak advertising market.However, this downturn is temporary, and I think Alphabet could be at a generational buying point for a few key reasons. So let's examine those reasons and discover why there has seldom been a better time to buy Alphabet's stock.Alphabet's revenue tends to fall before an economic downturnAs mentioned, 78% of Alphabet's revenue comes from advertising. When corporate spending tightens, the first expense to get reduced is advertising. This harms Alphabet tremendously, as Alphabet's advertising revenue declined by 4% in Q4 when compared to last year's revenue.But this isn't the end for Alphabet. In fact, the company has historically displayed better-than-average revenue growth immediately after some economic downturn occurs.GOOGL Revenue (Quarterly YoY Growth) data by YChartsThe orange line in the chart indicates the probability of a recession. Each time this line begins to spike, the economy saw some cracks, although it doesn't necessarily mean an outright recession. This caused many companies to tighten their ad spending, but as soon as the worry was over, it came roaring back.From a historical perspective, Alphabet may have a tough time this year, but 2024 will be much better. Wall Street analyst projections also back this up. Analysts think Alphabet will grow its revenue by 4.8% in 2023 and 11.5% in 2024.So what does that mean for the stock?Alphabet's hiring spree affected its marginsWith the current status of falling advertising revenue, its revenue per employee isn't optimized. That means its operating margins are coming under pressure, which was evident in Q4, as they fell from 29% in 2021 to 24% in 2022.Another influence on this number is Alphabet's aggressive hiring practices, as the company added nearly 34,000 employees throughout 2022. With this workforce mainly focused on artificial intelligence (AI) and other technical roles, investors may not see the value these workers add to the company for a while. Still, the company began cutting jobs, with about 6% of the workforce being laid off in January.Even though Alphabet received criticism for its hiring spree, revenue per employee is still above pre-pandemic levels and within reach of an all-time high.GOOGL Revenue Per Employee (Annual) data by YChartsIf investors are patient, these new employees will likely be able to add significant value to the company, which could boost earnings.The stock trades as it will never recover from its current difficultiesSo we've seen that Alphabet's revenue is artificially low and that its operating margin will likely improve as the company's new employees are brought up to speed. Therefore, the future is quite bright for Alphabet's finances. Still, investors aren't convinced, as the stock trades at the lower end of its decade-long average price-to-earnings (P/E) ratio.GOOGL PE Ratio data by YChartsHigh revenue with the same margins will increase earnings, but higher revenue with improving margins will lead to massive earnings growth. These two components will make the denominator of the ratio get larger, making the stock seem even cheaper than it is right now.If you utilize projected 2024 earnings, Alphabet trades at 17.4 times forward earnings. That's cheap for one of the most influential companies on Earth, which means investors shouldn't hesitate to take a position in Alphabet stock right now due to its future potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197960568,"gmtCreate":1621420349854,"gmtModify":1704357324283,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197960568","repostId":"1158638540","repostType":4,"repost":{"id":"1158638540","kind":"news","pubTimestamp":1621409180,"share":"https://ttm.financial/m/news/1158638540?lang=&edition=fundamental","pubTime":"2021-05-19 15:26","market":"us","language":"en","title":"4 Things to Know Ahead of the Squarespace’s Direct Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1158638540","media":"Barrons","summary":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme","content":"<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.</p>\n<p>Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.</p>\n<p>The company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.</p>\n<p>Squarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in&nbsp;its filing with the Securities and Exchange Commission.</p>\n<p>The company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.</p>\n<p><b>Growing Revenue, Shrinking Profits</b></p>\n<p>Squarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.</p>\n<p>The company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.</p>\n<p>About 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.</p>\n<p>Squarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.</p>\n<p>Despite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.</p>\n<p><b>Competition Aplenty</b></p>\n<p>The company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like&nbsp;Wix.com&nbsp;(ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse&nbsp;Shopify&nbsp;(ticker: SHOP),&nbsp;which lets businesses set up online shops.</p>\n<p>Squarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.</p>\n<p>Jefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.</p>\n<p><b>On the Menu</b></p>\n<p>SquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.</p>\n<p>This part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.</p>\n<p>“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash&nbsp;(DASH) and&nbsp;Grubhub&nbsp;(GRUB),&nbsp;along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.</p>\n<p>At the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.</p>\n<p><b>Marketing Bucks</b></p>\n<p>Squarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.</p>\n<p>The company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”</p>\n<p>Among its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.</p>","source":"lsy1601382232898","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>4 Things to Know Ahead of the Squarespace’s Direct Listing</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\">\n4 Things to Know Ahead of the Squarespace’s Direct Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue ...</p>\n\n<a href=\"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQSP":"Squarespace Inc."},"source_url":"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158638540","content_text":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.\nNow Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.\nThe company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.\nSquarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in its filing with the Securities and Exchange Commission.\nThe company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.\nGrowing Revenue, Shrinking Profits\nSquarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.\nThe company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.\nAbout 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.\nSquarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.\nDespite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.\nCompetition Aplenty\nThe company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like Wix.com (ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse Shopify (ticker: SHOP), which lets businesses set up online shops.\nSquarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.\nJefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.\nOn the Menu\nSquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.\nThis part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.\n“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash (DASH) and Grubhub (GRUB), along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.\nAt the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.\nMarketing Bucks\nSquarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.\nThe company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”\nAmong its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.","news_type":1},"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199841014,"gmtCreate":1620696709038,"gmtModify":1704346884112,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TS0U.SI\">$OUE COMMERCIAL REIT(TS0U.SI)$</a>[Miser]&nbsp;","listText":"<a href=\"https://laohu8.com/S/TS0U.SI\">$OUE COMMERCIAL REIT(TS0U.SI)$</a>[Miser]&nbsp;","text":"$OUE COMMERCIAL REIT(TS0U.SI)$[Miser]","images":[{"img":"https://static.tigerbbs.com/6fb5188d2aaca5e0b1eb51314fe40b38","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/199841014","isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102448998,"gmtCreate":1620237899614,"gmtModify":1704340626412,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/102448998","repostId":"1148686352","repostType":4,"repost":{"id":"1148686352","kind":"news","pubTimestamp":1620224535,"share":"https://ttm.financial/m/news/1148686352?lang=&edition=fundamental","pubTime":"2021-05-05 22:22","market":"us","language":"en","title":"This Day In Market History: Panic Of 1893 Crashes Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1148686352","media":"benzinga","summary":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the ","content":"<p><b>What Happened?</b>On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.</p>\n<p><b>Where The Market Was:</b>The Dow finished the day at 30.02.</p>\n<p><b>What Else Was Going On In The World?</b>In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.</p>\n<p><b>Panic Of 1893:</b>On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.</p>\n<p>The&nbsp;Panic of 1893&nbsp;was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.</p>\n<p>The May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.<b>General Electric Company</b>GE 0.34%shares dropped 28% on the day from $80 to $58.</p>\n<p>Fortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.</p>\n<p>The Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.</p>","source":"lsy1606299360108","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>This Day In Market History: Panic Of 1893 Crashes Stock 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\">\nThis Day In Market History: Panic Of 1893 Crashes Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In...</p>\n\n<a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">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.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148686352","content_text":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.\nPanic Of 1893:On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.\nThe Panic of 1893 was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.\nThe May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.General Electric CompanyGE 0.34%shares dropped 28% on the day from $80 to $58.\nFortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.\nThe Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941157449,"gmtCreate":1680077457882,"gmtModify":1680077463006,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"🚀🚀🚀","listText":"🚀🚀🚀","text":"🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941157449","repostId":"1174166301","repostType":2,"repost":{"id":"1174166301","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1680076850,"share":"https://ttm.financial/m/news/1174166301?lang=&edition=fundamental","pubTime":"2023-03-29 16:00","market":"us","language":"en","title":"UP Fintech posts annual revenue of US$225.4 million in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1174166301","media":"Tiger Newspress","summary":"The company turns a profit in non-GAAP terms for the third consecutive year Annual target of new fun","content":"<html><head></head><body><ul><li><p>The company turns a profit in non-GAAP terms for the third consecutive year</p></li><li><p><span style=\"color:#3370FF;\"> </span>Annual target of new funded accounts is overachieved amid scaled-up global expansion</p></li></ul><p style=\"text-align: start;\"><strong>Singapore and New York, March 29, 2023 — UP Fintech Holding Limited</strong> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the quarter and the year ended December 31, 2022.</p><p style=\"text-align: start;\">Amid the macroeconomic headwinds and market volatilities worldwide in 2022, the company showcased its strong strategic execution capabilities and improved operational efficiency, posting annual revenue of US$225.4 million and non-GAAP net income attributable to UP Fintech of US$12.68 million — registering a profit for the third consecutive year.</p><p style=\"text-align: start;\">In the fourth quarter of 2022, UP Fintech&#39;s total revenue amounted to US$63.85 million, up 15.2% quarter-over-quarter (QoQ), and the non-GAAP net income was numbered at US$4.52 million.</p><p style=\"text-align: start;\">During Q4, the number of new customer accounts globally increased by 37,600, bringing the total account holders to over 2 million. The number of new funded accounts (new customers with deposits) rose by 27,300 to a total of 781,500 worldwide in Q4, bolstering the company&#39;s annual acquisition of 108,100 new customers with deposits — a number overachieving the target of 100,000 new funded accounts in 2022.</p><p style=\"text-align: start;\">In Q4 2022, the total trading volume from customers stood at US$68.5 billion, of which US$20.5 billion was on share trading. On a different note, 7.4 million options and futures contracts were made on the platform during the period. The customers&#39; total account balance (assets) amounted to US$14.0 billion by the end of the period, up 8.1% QoQ. The net asset inflow from customers went above US$1.4 billion, with 98% of customers with assets retained during the period.</p><p style=\"text-align: start;\">&#34;In the fourth quarter, our interest-related incomes expanded on both year-over-year (YoY) and quarter-over-quarter (QoQ) basis, boosted by the Federal Reserve&#39;s interest rate hikes. Our revenue continued to grow QoQ, and the net income was up YoY,&#34; said <strong>Wu Tianhua, CEO and founder of UP Fintech</strong>.</p><p style=\"text-align: start;\">&#34;<strong>Looking back over the past year</strong>, in spite of the macroeconomic headwinds, the company presented its resilience with solid results. We were committed to investing in R&amp;D and increasing operational efficiency, actions that halved the company&#39;s clearing-related costs on a YoY basis and made non-GAAP income profitable for the third consecutive year. On the business operations front, we are pleased to see that our annual target of new funded accounts was overachieved. Our global expansion thrust us into Hong Kong, where we are bringing the most price-to-performance global investing services. Product-wise, we introduced fractional shares trading and auto-invest plan (AIP) for US stocks — features we believe will drive long-term customer growth and promote user stickiness. <strong>Looking forward</strong>, we are optimistic about the market, and will remain zeroed in on R&amp;D and efficiency, while staying compliant in all the markets where we operate, in a relentless effort to let everyone enjoy innovative and high-quality fintech products,&#34; <strong>Wu added</strong>.</p><p style=\"text-align: start;\"><strong>In Singapore, average net deposit of new customers rises for 3rd consecutive quarter, trading volume up 56% YoY</strong></p><p style=\"text-align: start;\"><strong>Tiger Trade extensively favored for global investing across Singapore</strong></p><p style=\"text-align: start;\">In 2022, the company&#39;s global expansion tread steadily with positive outcomes and increasingly wide public recognition.</p><p style=\"text-align: start;\">By the end of 2022, in Singapore about a third of local adult residents aged above 20 had used Tiger Trade, making the platform extensively favored in one of the global financial centers — thanks to the wide trust the company has continuously gained from local clients and its stepped-up localized business strategy.</p><p style=\"text-align: start;\">In Q4, the average net deposit of newly acquired clients grew for the third consecutive quarter to almost reach the US$12,000 threshold, indicating the company&#39;s rising attraction to high-net-worth customers.</p><p style=\"text-align: start;\">Thanks to the unparalleled user experience offered by the company&#39;s innovative products, the flagship platform Tiger Trade has become one of the top choices for trading Singapore Exchange (SGX) listed stocks, where in Q4, 1.02 billion SGX shares were traded with a total volume of US$540 million (SG$727 million), up 56% YoY.</p><p style=\"text-align: start;\">The company continuously deepened its link with prestigious financial institutions in the market. In collaboration with UOBAM, the United Fixed Maturity Bond Fund 1, a fixed-term product offering an annualized yield of up to 4.95% over the next three years, was launched. The product, managed by UOBAM, aims to take advantage of rising interest rates to lock in higher returns.</p><p style=\"text-align: start;\"><strong>Official arrival in Hong Kong with bang for the buck offers</strong></p><p style=\"text-align: start;\">The company officially expanded its business into Hong Kong in Q4, and has been widely lauded for its best price-to-performance products and services offered in this financial center of the world.</p><p style=\"text-align: start;\">Hong Kong residents are able to enjoy one-stop global investing services including Hong Kong stocks, warrants, callable bull/bear contracts (CBBCs), US stocks, US stock fractional shares, and ETFs — all in one account on Tiger Trade.</p><p style=\"text-align: start;\">In Hong Kong, investors can also opt for a maximum 20x leverage financing for Hong Kong IPO shares in public and global offerings, an alternative that largely helps them seize investing opportunities.</p><p style=\"text-align: start;\">In Australia, the recognition of the company kept rising among the general public. In November, Tiger Trade was awarded a 5-star rating in &#34;International Share Trading&#34; category by the trusted financial comparison site Canstar. The rating was based on the outstanding value offered to all-level investors, including features such as live market data, dynamic trading, market insights, and education tools, as well as competitive trade costs.</p><p style=\"text-align: start;\"><strong>US stock AIP and fractional share features introduced</strong></p><p style=\"text-align: start;\"><strong>In a bid to help investors weather market volatilities</strong></p><p style=\"text-align: start;\">In 2022, the company registered US$93.1 million for interest-related income, up 16.9% YoY. In the fourth quarter alone, the gross commission income was US$24.93 million, along with a US$33.13 million interest-related income, up 46.9% YoY. The self-clearing system greatly improved operational efficiency by slashing relevant costs by 49.9%</p><p style=\"text-align: start;\">In Q4, the Automatic Investment Plan (AIP) feature officially supported S&amp;P 500 stocks for users worldwide and lowered the investment threshold to US$1, the latest addition to US stock fractional sharing trading and a shift to the self-clearing system from the previous quarter.</p><p style=\"text-align: start;\">AIP offers investors a strategy to break even their buy-in costs, helping them tackle market movements in a rational manner and bringing long-term added value to their assets.</p><p style=\"text-align: start;\">Both features — US stock fractional share trading and AIP — represent the company&#39;s latest fruits cultivated by continuous trading technology and customer service innovations in 2022, which largely benefit the company in achieving user growth, improving user stickiness, and consolidating user retention</p><p style=\"text-align: start;\">In Q4, Tiger Trade users also started exclusively enjoying the individual stock financial results forecast feature till as far as three years ahead — a new extension only made possible by AI and big data technologies.</p><p style=\"text-align: start;\"><strong>Tiger Vault grows further and stronger</strong></p><p style=\"text-align: start;\"><strong>Annualized yield reaches 4.7%*</strong></p><p style=\"text-align: start;\">The company&#39;s wealth management arm saw progress in Q4 with optimizations applied to Tiger Vault. Customers&#39; assets in cash holding accounts are linked to trading financial products including stocks, funds, and options. Automatic subscriptions and redemptions are also available.</p><p style=\"text-align: start;\">Until now, Tiger Vault&#39;s seven-day annualized rate of return has reached 4.7% at its peak, outshining all the other products in the same category.</p><p style=\"text-align: start;\">In Q4, Tiger Vault saw the assets under management (AUM) up by 132.7% QoQ, and the number of account holders increased by 104.6% QoQ. This helped boost the AUM of the whole wealth management business by 103.1% QoQ, with the number of account holders up by 62.0% QoQ during the same period.</p><p style=\"text-align: start;\">The company&#39;s investor education initiative further dived in to understand the investors&#39; demand by going live with a series of courses catered to both fresh and seasoned investors, covering topics from Hong Kong stock trading, US stock trading, financial derivatives trading, exchange-traded funds, company valuation analysis, earnings results breakdown, etc.</p><p style=\"text-align: start;\">A long-term collaboration was also forged with SGX, in which financial institutions, including Standard Chartered, offered investors deep analysis on popular investment topics and sought-after industry analysis.</p><p style=\"text-align: start;\"><strong>Ranked third globally by US IPO underwriting deal count</strong></p><p style=\"text-align: start;\"><strong>&#39;Consulting + SaaS&#39; ESOP closed-loop system structured to transform equity management</strong></p><p style=\"text-align: start;\">During Q4, other revenues from to-business corporate services, including investment banking and employee stock ownership plan (ESOP), reached US$5.8 million, up 46.4% QoQ. The total of other services reached US$24.19 million in 2022.</p><p style=\"text-align: start;\">The company underwrote 14 Hong Kong IPOs, a number that overtook the total deal count from the previous three quarters, amid the market&#39;s warm-up. In 2022, the company participated in 53 US and Hong Kong IPO projects.</p><p style=\"text-align: start;\">In 2022, the company got third rank among all global investment banks in terms of deal count of US IPOs underwritten, according to third-party statistics, which also reveal that the company ranked second in the year in IPOs in various underwriting types, including for special purpose acquisition companies (SPACs), thanks to its years of accumulation of expertise in underwriting.</p><p style=\"text-align: start;\">Starting from Q4, the company&#39;s ESOP business spun off to operate under the new brand &#34;UponeShare&#34;. In Q4, 26 ESOP clients were signed, bringing the number of new clients in 2022 to 106 and the total number of clients to 419, up 34% YoY.</p><p style=\"text-align: start;\">In 2022, UponeShare launched consulting services for incentive stock options, part of the &#34;consulting + SaaS&#34; closed-loop system shaped to speed up the sector&#39;s equity management digital transformation. Non-stop innovations were also seen in its products with the amount/value adjustment feature introduced for mainland China&#39;s A-share system, while services including foreign currency registration and taxation recordation started to win the clients&#39; hearts.</p><p style=\"text-align: start;\">In 2022, 71 corporate clients opened their Tiger Enterprise Accounts, bringing the total clientele to 366. With its strategy of weaving online communications into offline experience sessions, the service is one of the go-to channels for companies seeking a Hong Kong or US IPO.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\">*4.7% was the seven-day annualized yield rate marked on March 24, 2023 for Tiger Vault&#39;s fund SGXZ99103178. Please note that this historical rate does not guarantee the fund&#39;s future yields.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: start;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.</p><p style=\"text-align: start;\">Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p style=\"text-align: start;\">We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: start;\">In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform &#34;Tiger Trade&#34;, own 69 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and mainland China.</p><p style=\"text-align: start;\">For more information about UP Fintech as a company, please visit itigerup.com</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: start;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: start;\"> </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>UP Fintech posts annual revenue of US$225.4 million in 2022</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\">\nUP Fintech posts annual revenue of US$225.4 million in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-29 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li><p>The company turns a profit in non-GAAP terms for the third consecutive year</p></li><li><p><span style=\"color:#3370FF;\"> </span>Annual target of new funded accounts is overachieved amid scaled-up global expansion</p></li></ul><p style=\"text-align: start;\"><strong>Singapore and New York, March 29, 2023 — UP Fintech Holding Limited</strong> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the quarter and the year ended December 31, 2022.</p><p style=\"text-align: start;\">Amid the macroeconomic headwinds and market volatilities worldwide in 2022, the company showcased its strong strategic execution capabilities and improved operational efficiency, posting annual revenue of US$225.4 million and non-GAAP net income attributable to UP Fintech of US$12.68 million — registering a profit for the third consecutive year.</p><p style=\"text-align: start;\">In the fourth quarter of 2022, UP Fintech&#39;s total revenue amounted to US$63.85 million, up 15.2% quarter-over-quarter (QoQ), and the non-GAAP net income was numbered at US$4.52 million.</p><p style=\"text-align: start;\">During Q4, the number of new customer accounts globally increased by 37,600, bringing the total account holders to over 2 million. The number of new funded accounts (new customers with deposits) rose by 27,300 to a total of 781,500 worldwide in Q4, bolstering the company&#39;s annual acquisition of 108,100 new customers with deposits — a number overachieving the target of 100,000 new funded accounts in 2022.</p><p style=\"text-align: start;\">In Q4 2022, the total trading volume from customers stood at US$68.5 billion, of which US$20.5 billion was on share trading. On a different note, 7.4 million options and futures contracts were made on the platform during the period. The customers&#39; total account balance (assets) amounted to US$14.0 billion by the end of the period, up 8.1% QoQ. The net asset inflow from customers went above US$1.4 billion, with 98% of customers with assets retained during the period.</p><p style=\"text-align: start;\">&#34;In the fourth quarter, our interest-related incomes expanded on both year-over-year (YoY) and quarter-over-quarter (QoQ) basis, boosted by the Federal Reserve&#39;s interest rate hikes. Our revenue continued to grow QoQ, and the net income was up YoY,&#34; said <strong>Wu Tianhua, CEO and founder of UP Fintech</strong>.</p><p style=\"text-align: start;\">&#34;<strong>Looking back over the past year</strong>, in spite of the macroeconomic headwinds, the company presented its resilience with solid results. We were committed to investing in R&amp;D and increasing operational efficiency, actions that halved the company&#39;s clearing-related costs on a YoY basis and made non-GAAP income profitable for the third consecutive year. On the business operations front, we are pleased to see that our annual target of new funded accounts was overachieved. Our global expansion thrust us into Hong Kong, where we are bringing the most price-to-performance global investing services. Product-wise, we introduced fractional shares trading and auto-invest plan (AIP) for US stocks — features we believe will drive long-term customer growth and promote user stickiness. <strong>Looking forward</strong>, we are optimistic about the market, and will remain zeroed in on R&amp;D and efficiency, while staying compliant in all the markets where we operate, in a relentless effort to let everyone enjoy innovative and high-quality fintech products,&#34; <strong>Wu added</strong>.</p><p style=\"text-align: start;\"><strong>In Singapore, average net deposit of new customers rises for 3rd consecutive quarter, trading volume up 56% YoY</strong></p><p style=\"text-align: start;\"><strong>Tiger Trade extensively favored for global investing across Singapore</strong></p><p style=\"text-align: start;\">In 2022, the company&#39;s global expansion tread steadily with positive outcomes and increasingly wide public recognition.</p><p style=\"text-align: start;\">By the end of 2022, in Singapore about a third of local adult residents aged above 20 had used Tiger Trade, making the platform extensively favored in one of the global financial centers — thanks to the wide trust the company has continuously gained from local clients and its stepped-up localized business strategy.</p><p style=\"text-align: start;\">In Q4, the average net deposit of newly acquired clients grew for the third consecutive quarter to almost reach the US$12,000 threshold, indicating the company&#39;s rising attraction to high-net-worth customers.</p><p style=\"text-align: start;\">Thanks to the unparalleled user experience offered by the company&#39;s innovative products, the flagship platform Tiger Trade has become one of the top choices for trading Singapore Exchange (SGX) listed stocks, where in Q4, 1.02 billion SGX shares were traded with a total volume of US$540 million (SG$727 million), up 56% YoY.</p><p style=\"text-align: start;\">The company continuously deepened its link with prestigious financial institutions in the market. In collaboration with UOBAM, the United Fixed Maturity Bond Fund 1, a fixed-term product offering an annualized yield of up to 4.95% over the next three years, was launched. The product, managed by UOBAM, aims to take advantage of rising interest rates to lock in higher returns.</p><p style=\"text-align: start;\"><strong>Official arrival in Hong Kong with bang for the buck offers</strong></p><p style=\"text-align: start;\">The company officially expanded its business into Hong Kong in Q4, and has been widely lauded for its best price-to-performance products and services offered in this financial center of the world.</p><p style=\"text-align: start;\">Hong Kong residents are able to enjoy one-stop global investing services including Hong Kong stocks, warrants, callable bull/bear contracts (CBBCs), US stocks, US stock fractional shares, and ETFs — all in one account on Tiger Trade.</p><p style=\"text-align: start;\">In Hong Kong, investors can also opt for a maximum 20x leverage financing for Hong Kong IPO shares in public and global offerings, an alternative that largely helps them seize investing opportunities.</p><p style=\"text-align: start;\">In Australia, the recognition of the company kept rising among the general public. In November, Tiger Trade was awarded a 5-star rating in &#34;International Share Trading&#34; category by the trusted financial comparison site Canstar. The rating was based on the outstanding value offered to all-level investors, including features such as live market data, dynamic trading, market insights, and education tools, as well as competitive trade costs.</p><p style=\"text-align: start;\"><strong>US stock AIP and fractional share features introduced</strong></p><p style=\"text-align: start;\"><strong>In a bid to help investors weather market volatilities</strong></p><p style=\"text-align: start;\">In 2022, the company registered US$93.1 million for interest-related income, up 16.9% YoY. In the fourth quarter alone, the gross commission income was US$24.93 million, along with a US$33.13 million interest-related income, up 46.9% YoY. The self-clearing system greatly improved operational efficiency by slashing relevant costs by 49.9%</p><p style=\"text-align: start;\">In Q4, the Automatic Investment Plan (AIP) feature officially supported S&amp;P 500 stocks for users worldwide and lowered the investment threshold to US$1, the latest addition to US stock fractional sharing trading and a shift to the self-clearing system from the previous quarter.</p><p style=\"text-align: start;\">AIP offers investors a strategy to break even their buy-in costs, helping them tackle market movements in a rational manner and bringing long-term added value to their assets.</p><p style=\"text-align: start;\">Both features — US stock fractional share trading and AIP — represent the company&#39;s latest fruits cultivated by continuous trading technology and customer service innovations in 2022, which largely benefit the company in achieving user growth, improving user stickiness, and consolidating user retention</p><p style=\"text-align: start;\">In Q4, Tiger Trade users also started exclusively enjoying the individual stock financial results forecast feature till as far as three years ahead — a new extension only made possible by AI and big data technologies.</p><p style=\"text-align: start;\"><strong>Tiger Vault grows further and stronger</strong></p><p style=\"text-align: start;\"><strong>Annualized yield reaches 4.7%*</strong></p><p style=\"text-align: start;\">The company&#39;s wealth management arm saw progress in Q4 with optimizations applied to Tiger Vault. Customers&#39; assets in cash holding accounts are linked to trading financial products including stocks, funds, and options. Automatic subscriptions and redemptions are also available.</p><p style=\"text-align: start;\">Until now, Tiger Vault&#39;s seven-day annualized rate of return has reached 4.7% at its peak, outshining all the other products in the same category.</p><p style=\"text-align: start;\">In Q4, Tiger Vault saw the assets under management (AUM) up by 132.7% QoQ, and the number of account holders increased by 104.6% QoQ. This helped boost the AUM of the whole wealth management business by 103.1% QoQ, with the number of account holders up by 62.0% QoQ during the same period.</p><p style=\"text-align: start;\">The company&#39;s investor education initiative further dived in to understand the investors&#39; demand by going live with a series of courses catered to both fresh and seasoned investors, covering topics from Hong Kong stock trading, US stock trading, financial derivatives trading, exchange-traded funds, company valuation analysis, earnings results breakdown, etc.</p><p style=\"text-align: start;\">A long-term collaboration was also forged with SGX, in which financial institutions, including Standard Chartered, offered investors deep analysis on popular investment topics and sought-after industry analysis.</p><p style=\"text-align: start;\"><strong>Ranked third globally by US IPO underwriting deal count</strong></p><p style=\"text-align: start;\"><strong>&#39;Consulting + SaaS&#39; ESOP closed-loop system structured to transform equity management</strong></p><p style=\"text-align: start;\">During Q4, other revenues from to-business corporate services, including investment banking and employee stock ownership plan (ESOP), reached US$5.8 million, up 46.4% QoQ. The total of other services reached US$24.19 million in 2022.</p><p style=\"text-align: start;\">The company underwrote 14 Hong Kong IPOs, a number that overtook the total deal count from the previous three quarters, amid the market&#39;s warm-up. In 2022, the company participated in 53 US and Hong Kong IPO projects.</p><p style=\"text-align: start;\">In 2022, the company got third rank among all global investment banks in terms of deal count of US IPOs underwritten, according to third-party statistics, which also reveal that the company ranked second in the year in IPOs in various underwriting types, including for special purpose acquisition companies (SPACs), thanks to its years of accumulation of expertise in underwriting.</p><p style=\"text-align: start;\">Starting from Q4, the company&#39;s ESOP business spun off to operate under the new brand &#34;UponeShare&#34;. In Q4, 26 ESOP clients were signed, bringing the number of new clients in 2022 to 106 and the total number of clients to 419, up 34% YoY.</p><p style=\"text-align: start;\">In 2022, UponeShare launched consulting services for incentive stock options, part of the &#34;consulting + SaaS&#34; closed-loop system shaped to speed up the sector&#39;s equity management digital transformation. Non-stop innovations were also seen in its products with the amount/value adjustment feature introduced for mainland China&#39;s A-share system, while services including foreign currency registration and taxation recordation started to win the clients&#39; hearts.</p><p style=\"text-align: start;\">In 2022, 71 corporate clients opened their Tiger Enterprise Accounts, bringing the total clientele to 366. With its strategy of weaving online communications into offline experience sessions, the service is one of the go-to channels for companies seeking a Hong Kong or US IPO.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\">*4.7% was the seven-day annualized yield rate marked on March 24, 2023 for Tiger Vault&#39;s fund SGXZ99103178. Please note that this historical rate does not guarantee the fund&#39;s future yields.</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: start;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.</p><p style=\"text-align: start;\">Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p style=\"text-align: start;\">We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: start;\">In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform &#34;Tiger Trade&#34;, own 69 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and mainland China.</p><p style=\"text-align: start;\">For more information about UP Fintech as a company, please visit itigerup.com</p><p style=\"text-align: start;\"> </p><p style=\"text-align: start;\"><strong><u>Safe Harbor Statement</u></strong></p><p style=\"text-align: start;\">This announcement contains forward−looking statements. These statements are made under the &#34;safe harbor&#34; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as &#34;may,&#34; &#34;might,&#34; &#34;aim,&#34; &#34;likely to,&#34; &#34;will,&#34; &#34;expects,&#34; &#34;anticipates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;estimates&#34; and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company&#39;s strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company&#39;s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company&#39;s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company&#39;s revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company&#39;s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC, including the Company&#39;s annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company&#39;s filings with the SEC.</p><p style=\"text-align: start;\"> </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174166301","content_text":"The company turns a profit in non-GAAP terms for the third consecutive year Annual target of new funded accounts is overachieved amid scaled-up global expansionSingapore and New York, March 29, 2023 — UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the quarter and the year ended December 31, 2022.Amid the macroeconomic headwinds and market volatilities worldwide in 2022, the company showcased its strong strategic execution capabilities and improved operational efficiency, posting annual revenue of US$225.4 million and non-GAAP net income attributable to UP Fintech of US$12.68 million — registering a profit for the third consecutive year.In the fourth quarter of 2022, UP Fintech's total revenue amounted to US$63.85 million, up 15.2% quarter-over-quarter (QoQ), and the non-GAAP net income was numbered at US$4.52 million.During Q4, the number of new customer accounts globally increased by 37,600, bringing the total account holders to over 2 million. The number of new funded accounts (new customers with deposits) rose by 27,300 to a total of 781,500 worldwide in Q4, bolstering the company's annual acquisition of 108,100 new customers with deposits — a number overachieving the target of 100,000 new funded accounts in 2022.In Q4 2022, the total trading volume from customers stood at US$68.5 billion, of which US$20.5 billion was on share trading. On a different note, 7.4 million options and futures contracts were made on the platform during the period. The customers' total account balance (assets) amounted to US$14.0 billion by the end of the period, up 8.1% QoQ. The net asset inflow from customers went above US$1.4 billion, with 98% of customers with assets retained during the period.\"In the fourth quarter, our interest-related incomes expanded on both year-over-year (YoY) and quarter-over-quarter (QoQ) basis, boosted by the Federal Reserve's interest rate hikes. Our revenue continued to grow QoQ, and the net income was up YoY,\" said Wu Tianhua, CEO and founder of UP Fintech.\"Looking back over the past year, in spite of the macroeconomic headwinds, the company presented its resilience with solid results. We were committed to investing in R&D and increasing operational efficiency, actions that halved the company's clearing-related costs on a YoY basis and made non-GAAP income profitable for the third consecutive year. On the business operations front, we are pleased to see that our annual target of new funded accounts was overachieved. Our global expansion thrust us into Hong Kong, where we are bringing the most price-to-performance global investing services. Product-wise, we introduced fractional shares trading and auto-invest plan (AIP) for US stocks — features we believe will drive long-term customer growth and promote user stickiness. Looking forward, we are optimistic about the market, and will remain zeroed in on R&D and efficiency, while staying compliant in all the markets where we operate, in a relentless effort to let everyone enjoy innovative and high-quality fintech products,\" Wu added.In Singapore, average net deposit of new customers rises for 3rd consecutive quarter, trading volume up 56% YoYTiger Trade extensively favored for global investing across SingaporeIn 2022, the company's global expansion tread steadily with positive outcomes and increasingly wide public recognition.By the end of 2022, in Singapore about a third of local adult residents aged above 20 had used Tiger Trade, making the platform extensively favored in one of the global financial centers — thanks to the wide trust the company has continuously gained from local clients and its stepped-up localized business strategy.In Q4, the average net deposit of newly acquired clients grew for the third consecutive quarter to almost reach the US$12,000 threshold, indicating the company's rising attraction to high-net-worth customers.Thanks to the unparalleled user experience offered by the company's innovative products, the flagship platform Tiger Trade has become one of the top choices for trading Singapore Exchange (SGX) listed stocks, where in Q4, 1.02 billion SGX shares were traded with a total volume of US$540 million (SG$727 million), up 56% YoY.The company continuously deepened its link with prestigious financial institutions in the market. In collaboration with UOBAM, the United Fixed Maturity Bond Fund 1, a fixed-term product offering an annualized yield of up to 4.95% over the next three years, was launched. The product, managed by UOBAM, aims to take advantage of rising interest rates to lock in higher returns.Official arrival in Hong Kong with bang for the buck offersThe company officially expanded its business into Hong Kong in Q4, and has been widely lauded for its best price-to-performance products and services offered in this financial center of the world.Hong Kong residents are able to enjoy one-stop global investing services including Hong Kong stocks, warrants, callable bull/bear contracts (CBBCs), US stocks, US stock fractional shares, and ETFs — all in one account on Tiger Trade.In Hong Kong, investors can also opt for a maximum 20x leverage financing for Hong Kong IPO shares in public and global offerings, an alternative that largely helps them seize investing opportunities.In Australia, the recognition of the company kept rising among the general public. In November, Tiger Trade was awarded a 5-star rating in \"International Share Trading\" category by the trusted financial comparison site Canstar. The rating was based on the outstanding value offered to all-level investors, including features such as live market data, dynamic trading, market insights, and education tools, as well as competitive trade costs.US stock AIP and fractional share features introducedIn a bid to help investors weather market volatilitiesIn 2022, the company registered US$93.1 million for interest-related income, up 16.9% YoY. In the fourth quarter alone, the gross commission income was US$24.93 million, along with a US$33.13 million interest-related income, up 46.9% YoY. The self-clearing system greatly improved operational efficiency by slashing relevant costs by 49.9%In Q4, the Automatic Investment Plan (AIP) feature officially supported S&P 500 stocks for users worldwide and lowered the investment threshold to US$1, the latest addition to US stock fractional sharing trading and a shift to the self-clearing system from the previous quarter.AIP offers investors a strategy to break even their buy-in costs, helping them tackle market movements in a rational manner and bringing long-term added value to their assets.Both features — US stock fractional share trading and AIP — represent the company's latest fruits cultivated by continuous trading technology and customer service innovations in 2022, which largely benefit the company in achieving user growth, improving user stickiness, and consolidating user retentionIn Q4, Tiger Trade users also started exclusively enjoying the individual stock financial results forecast feature till as far as three years ahead — a new extension only made possible by AI and big data technologies.Tiger Vault grows further and strongerAnnualized yield reaches 4.7%*The company's wealth management arm saw progress in Q4 with optimizations applied to Tiger Vault. Customers' assets in cash holding accounts are linked to trading financial products including stocks, funds, and options. Automatic subscriptions and redemptions are also available.Until now, Tiger Vault's seven-day annualized rate of return has reached 4.7% at its peak, outshining all the other products in the same category.In Q4, Tiger Vault saw the assets under management (AUM) up by 132.7% QoQ, and the number of account holders increased by 104.6% QoQ. This helped boost the AUM of the whole wealth management business by 103.1% QoQ, with the number of account holders up by 62.0% QoQ during the same period.The company's investor education initiative further dived in to understand the investors' demand by going live with a series of courses catered to both fresh and seasoned investors, covering topics from Hong Kong stock trading, US stock trading, financial derivatives trading, exchange-traded funds, company valuation analysis, earnings results breakdown, etc.A long-term collaboration was also forged with SGX, in which financial institutions, including Standard Chartered, offered investors deep analysis on popular investment topics and sought-after industry analysis.Ranked third globally by US IPO underwriting deal count'Consulting + SaaS' ESOP closed-loop system structured to transform equity managementDuring Q4, other revenues from to-business corporate services, including investment banking and employee stock ownership plan (ESOP), reached US$5.8 million, up 46.4% QoQ. The total of other services reached US$24.19 million in 2022.The company underwrote 14 Hong Kong IPOs, a number that overtook the total deal count from the previous three quarters, amid the market's warm-up. In 2022, the company participated in 53 US and Hong Kong IPO projects.In 2022, the company got third rank among all global investment banks in terms of deal count of US IPOs underwritten, according to third-party statistics, which also reveal that the company ranked second in the year in IPOs in various underwriting types, including for special purpose acquisition companies (SPACs), thanks to its years of accumulation of expertise in underwriting.Starting from Q4, the company's ESOP business spun off to operate under the new brand \"UponeShare\". In Q4, 26 ESOP clients were signed, bringing the number of new clients in 2022 to 106 and the total number of clients to 419, up 34% YoY.In 2022, UponeShare launched consulting services for incentive stock options, part of the \"consulting + SaaS\" closed-loop system shaped to speed up the sector's equity management digital transformation. Non-stop innovations were also seen in its products with the amount/value adjustment feature introduced for mainland China's A-share system, while services including foreign currency registration and taxation recordation started to win the clients' hearts.In 2022, 71 corporate clients opened their Tiger Enterprise Accounts, bringing the total clientele to 366. With its strategy of weaving online communications into offline experience sessions, the service is one of the go-to channels for companies seeking a Hong Kong or US IPO. *4.7% was the seven-day annualized yield rate marked on March 24, 2023 for Tiger Vault's fund SGXZ99103178. Please note that this historical rate does not guarantee the fund's future yields. About UP FintechUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.We strive to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and more than 2 million account holders worldwide on our flagship platform \"Tiger Trade\", own 69 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and mainland China.For more information about UP Fintech as a company, please visit itigerup.com Safe Harbor StatementThis announcement contains forward−looking statements. These statements are made under the \"safe harbor\" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as \"may,\" \"might,\" \"aim,\" \"likely to,\" \"will,\" \"expects,\" \"anticipates,\" \"future,\" \"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\"SEC\") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the cooperation with Interactive Brokers LLC and Xiaomi Corporation and its affiliates; the Company's ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company's revenues and certain cost or expense accounting policies; the effects of the global COVID-19 pandemic; and governmental policies and regulations affecting the Company's industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company's filings with the SEC, including the Company's annual report on Form 20-F filed with the SEC on April 28, 2022. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company's filings with the SEC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943231472,"gmtCreate":1679471294797,"gmtModify":1679471298699,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943231472","repostId":"2321188641","repostType":2,"repost":{"id":"2321188641","kind":"highlight","pubTimestamp":1679469970,"share":"https://ttm.financial/m/news/2321188641?lang=&edition=fundamental","pubTime":"2023-03-22 15:26","market":"us","language":"en","title":"2 Revenue Streams Vital to Alphabet's Future (Not Including Google Search)","url":"https://stock-news.laohu8.com/highlight/detail?id=2321188641","media":"Motley Fool","summary":"One of them grew 37% last year.","content":"<html><head></head><body><p>The hype generated by the release of ChatGPT, the artificial intelligence (AI) search engine chatbot created by OpenAI and backed by <b>Microsoft</b>, caused consternation among <b>Alphabet</b>&#39;s investors. And for good reason: As shown below, Google Search provided 56% of the company&#39;s total revenue in the fourth quarter of 2022.</p><p><img src=\"https://static.tigerbbs.com/5bea0f4cbf466038550c058586611917\" tg-width=\"700\" tg-height=\"420\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: Alphabet.</p><p>Google Search dominates the market with a share of almost 85%, easily besting Microsoft Bing&#39;s 9%. While it&#39;s too early to know if ChatGPT is an actual threat, especially since Alphabet has its own AI in the works, putting too many eggs in one basket isn&#39;t wise.</p><p>Alphabet&#39;s Google Cloud and YouTube segments are integral to the company&#39;s prospects and investors&#39; long-term profits.</p><h2>Google Cloud doubles its revenue in two years</h2><p>Alphabet has invested heavily to become the third-largest cloud infrastructure provider in the world, behind <b>Amazon&#39;s</b> AWS and Microsoft Azure, and it&#39;s paying off. Revenue has doubled since 2020, including a 37% increase last year, to reach $26.3 billion, as shown below.</p><p><img src=\"https://static.tigerbbs.com/a6bc70765e29b4205643fa42ac4f9deb\" tg-width=\"700\" tg-height=\"237\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Data source: Alphabet. Chart by author.</p><p>Google Cloud owns just 10% of this fast-growing market, so it has plenty of room for gains; however, competition is fierce. The growth also took a hit in the fourth quarter, falling to 32%, as companies cut back on spending. Still, the demand for cloud services will far outlast the current economic challenges, making this fertile ground for years of gains.</p><p>Alphabet has sacrificed profits for sales growth in this segment (Google Cloud reported a loss from operations of $3 billion in 2022). But with the company becoming more cost-conscious and the segment&#39;s losses narrowing, operating profit should come soon. Results from this segment are crucial to the company&#39;s long-term success.</p><h2>Alphabet must do more with YouTube.</h2><p>YouTube is a powerhouse in the lucrative video platform market, with 2.5 billion monthly active users last year -- second only to <b>Meta Platform</b>&#39;s Facebook -- but there is potential for much more. YouTube ad revenue grew a paltry 1% to $29.2 billion in 2022 after an incredible 46% gain in 2021.</p><p>The economy is partly to blame because of decreased appetite for ad spending, as is competition. But Alphabet has a tremendous opportunity to spur growth with YouTube Shorts, its short-form video platform that competes directly with TikTok.</p><p>Some estimates put TikTok&#39;s annual ad revenue at $31 billion within five years, but it has a big problem. TikTok has been banned on federal government devices and by several states. And it faces a nationwide ban due to serious privacy concerns with its Chinese parent company, ByteDance. Alphabet should push YouTube Shorts as a clear alternative to capture market share, whether TikTok is ultimately banned or not.</p><p>Google Search is still the straw that stirs the drink at Alphabet, but investors should closely monitor Google Cloud and YouTube results. These could hold the key to future gains.</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>2 Revenue Streams Vital to Alphabet's Future (Not Including Google Search)</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\">\n2 Revenue Streams Vital to Alphabet's Future (Not Including Google Search)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-22 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/21/2-revenue-streams-vital-to-alphabets-future-and-it/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The hype generated by the release of ChatGPT, the artificial intelligence (AI) search engine chatbot created by OpenAI and backed by Microsoft, caused consternation among Alphabet's investors. And for...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/21/2-revenue-streams-vital-to-alphabets-future-and-it/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.fool.com/investing/2023/03/21/2-revenue-streams-vital-to-alphabets-future-and-it/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321188641","content_text":"The hype generated by the release of ChatGPT, the artificial intelligence (AI) search engine chatbot created by OpenAI and backed by Microsoft, caused consternation among Alphabet's investors. And for good reason: As shown below, Google Search provided 56% of the company's total revenue in the fourth quarter of 2022.Source: Alphabet.Google Search dominates the market with a share of almost 85%, easily besting Microsoft Bing's 9%. While it's too early to know if ChatGPT is an actual threat, especially since Alphabet has its own AI in the works, putting too many eggs in one basket isn't wise.Alphabet's Google Cloud and YouTube segments are integral to the company's prospects and investors' long-term profits.Google Cloud doubles its revenue in two yearsAlphabet has invested heavily to become the third-largest cloud infrastructure provider in the world, behind Amazon's AWS and Microsoft Azure, and it's paying off. Revenue has doubled since 2020, including a 37% increase last year, to reach $26.3 billion, as shown below.Data source: Alphabet. Chart by author.Google Cloud owns just 10% of this fast-growing market, so it has plenty of room for gains; however, competition is fierce. The growth also took a hit in the fourth quarter, falling to 32%, as companies cut back on spending. Still, the demand for cloud services will far outlast the current economic challenges, making this fertile ground for years of gains.Alphabet has sacrificed profits for sales growth in this segment (Google Cloud reported a loss from operations of $3 billion in 2022). But with the company becoming more cost-conscious and the segment's losses narrowing, operating profit should come soon. Results from this segment are crucial to the company's long-term success.Alphabet must do more with YouTube.YouTube is a powerhouse in the lucrative video platform market, with 2.5 billion monthly active users last year -- second only to Meta Platform's Facebook -- but there is potential for much more. YouTube ad revenue grew a paltry 1% to $29.2 billion in 2022 after an incredible 46% gain in 2021.The economy is partly to blame because of decreased appetite for ad spending, as is competition. But Alphabet has a tremendous opportunity to spur growth with YouTube Shorts, its short-form video platform that competes directly with TikTok.Some estimates put TikTok's annual ad revenue at $31 billion within five years, but it has a big problem. TikTok has been banned on federal government devices and by several states. And it faces a nationwide ban due to serious privacy concerns with its Chinese parent company, ByteDance. Alphabet should push YouTube Shorts as a clear alternative to capture market share, whether TikTok is ultimately banned or not.Google Search is still the straw that stirs the drink at Alphabet, but investors should closely monitor Google Cloud and YouTube results. These could hold the key to future gains.","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991730764,"gmtCreate":1660877101760,"gmtModify":1676536417081,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991730764","repostId":"1102999640","repostType":4,"repost":{"id":"1102999640","kind":"news","pubTimestamp":1660865795,"share":"https://ttm.financial/m/news/1102999640?lang=&edition=fundamental","pubTime":"2022-08-19 07:36","market":"us","language":"en","title":"A $2 Trillion Stock-Options Deadline Is Make-Or-Break Moment for Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=1102999640","media":"Bloomberg","summary":"Options trading seen having lifted stocks, capping volatilityBrace for price swings in both directions: Nomura strategistWith August shaping up to be the calmest month this year for US stocks, traders","content":"<html><head></head><body><ul><li>Options trading seen having lifted stocks, capping volatility</li><li>Brace for price swings in both directions: Nomura strategist</li></ul><p>With August shaping up to be the calmest month this year for US stocks, traders are closely watching Friday’s $2 trillion options expiration for hints whether the tranquility will last.</p><p>At issue is the belief that derivatives markets have somehow played a key role in suppressing volatility, thereby compelling rules-basedquant tradersto buy shares and in turn luring a broader group of investors back into the market in order tochase gains.</p><p>After likely spurring an equity rebound during the summer lull, some strategists warn that this benign activity in the options market -- typically fueled by Wall Street dealers -- could disappear at a critical time.</p><p>From central bankers’ annual retreat in Jackson Hole, Wyoming, to pending data on inflation and employment, and theFederal Reserve’s policy announcement, the next few weeks are full of potential catalysts for market chaos.</p><p>“There are some technical reasons why as we go into the expiration this Friday, volatility could stay dampened and you could continue to see the market relatively supported,” Amy Wu Silverman, an equity derivatives strategist at RBC Capital Markets, said on Bloomberg TV. “As people return back from vacation with eyes on the ball, you can see what the real volumes are telling you about the volatility pickup.”</p><p>About $2 trillion of options are set to expire, obliging holders to either roll over existing positions or start new ones. The monthly event includes $975 billion of S&amp;P 500-linked contracts and $430 billion of derivatives across single stocks scheduled to run out, according to estimates by Goldman Sachs Group Inc. strategist Rocky Fishman.</p><p><img src=\"https://static.tigerbbs.com/1d7ed781d0bf50152207dcbc89ae0db3\" tg-width=\"800\" tg-height=\"528\" width=\"100%\" height=\"auto\"/>Stocks have restored roughly $7 trillion in values since mid-June, as what began as a short squeeze cascaded into a buying spree by those who exited equities during the first-half carnage amid fears that the Fed’s aggressive inflation-fighting campaign could tip the economy into a recession. Shares have since recovered as data showed a robust labor market and cooler-than-expected inflation.</p><p>Along the way, traders flocked to call options to catch up with the surprising rebound. In balancing their books, options dealers were stuck in “long gamma” positions that left them needing to go against the prevailing equity trend to maintain a neutral market exposure. Thanks in part to the process, peace returned in the market. The Cboe Volatility Index, or VIX, has averaged 21 in August, on course for its lowest level since November.</p><p><img src=\"https://static.tigerbbs.com/7a72b5ee48aed2efd4d309073c4ef802\" tg-width=\"698\" tg-height=\"392\" width=\"100%\" height=\"auto\"/></p><p>Broadly speaking, bullish contracts have been changing hands faster than bearish ones. The Cboe equity put-call ratio’s 10-day average hovered near a four-month low, a sign of growing interest in upside wagers.</p><p>Traders will try to push the S&amp;P 500 toward 4,300 in order to get their options contracts to pay off, according to Brent Kochuba, founder of analytic service SpotGamma. Any failure to hit this threshold would suggest the latest rally is losing momentum, potentially inviting sellers. The index added 0.2% to close at 4,283.74 Thursday.</p><p>“Everyone is on the ‘call side’ of the boat,” said Kochuba.</p><p>Charlie McElligott, a cross-asset strategist at Nomura Securities International, expects Friday’s OpEx to open the door for bigger price swings after the buffer from dealer hedging is reduced. He sees potential for the market to move in either direction.</p><p>Should inflation come in hotter than expected and Fed policy makers ratchet up their hawkish rhetoric, that’d trigger turmoil across assets, he says. On the other hand, barring any negative macro shocks, money managers are under pressure to keep chasing the rally given their relatively low equity positioning.</p><p>“My daily communications with clients continues to ‘hate’ this rally who remain wrong-sided and a source of ‘buyers higher,’” he wrote in a note Wednesday.</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>A $2 Trillion Stock-Options Deadline Is Make-Or-Break Moment for Bulls</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\">\nA $2 Trillion Stock-Options Deadline Is Make-Or-Break Moment for Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-19 07:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-18/a-2-tri><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Options trading seen having lifted stocks, capping volatilityBrace for price swings in both directions: Nomura strategistWith August shaping up to be the calmest month this year for US stocks, traders...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-18/a-2-tri\">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://www.bloomberg.com/news/articles/2022-08-18/a-2-tri","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102999640","content_text":"Options trading seen having lifted stocks, capping volatilityBrace for price swings in both directions: Nomura strategistWith August shaping up to be the calmest month this year for US stocks, traders are closely watching Friday’s $2 trillion options expiration for hints whether the tranquility will last.At issue is the belief that derivatives markets have somehow played a key role in suppressing volatility, thereby compelling rules-basedquant tradersto buy shares and in turn luring a broader group of investors back into the market in order tochase gains.After likely spurring an equity rebound during the summer lull, some strategists warn that this benign activity in the options market -- typically fueled by Wall Street dealers -- could disappear at a critical time.From central bankers’ annual retreat in Jackson Hole, Wyoming, to pending data on inflation and employment, and theFederal Reserve’s policy announcement, the next few weeks are full of potential catalysts for market chaos.“There are some technical reasons why as we go into the expiration this Friday, volatility could stay dampened and you could continue to see the market relatively supported,” Amy Wu Silverman, an equity derivatives strategist at RBC Capital Markets, said on Bloomberg TV. “As people return back from vacation with eyes on the ball, you can see what the real volumes are telling you about the volatility pickup.”About $2 trillion of options are set to expire, obliging holders to either roll over existing positions or start new ones. The monthly event includes $975 billion of S&P 500-linked contracts and $430 billion of derivatives across single stocks scheduled to run out, according to estimates by Goldman Sachs Group Inc. strategist Rocky Fishman.Stocks have restored roughly $7 trillion in values since mid-June, as what began as a short squeeze cascaded into a buying spree by those who exited equities during the first-half carnage amid fears that the Fed’s aggressive inflation-fighting campaign could tip the economy into a recession. Shares have since recovered as data showed a robust labor market and cooler-than-expected inflation.Along the way, traders flocked to call options to catch up with the surprising rebound. In balancing their books, options dealers were stuck in “long gamma” positions that left them needing to go against the prevailing equity trend to maintain a neutral market exposure. Thanks in part to the process, peace returned in the market. The Cboe Volatility Index, or VIX, has averaged 21 in August, on course for its lowest level since November.Broadly speaking, bullish contracts have been changing hands faster than bearish ones. The Cboe equity put-call ratio’s 10-day average hovered near a four-month low, a sign of growing interest in upside wagers.Traders will try to push the S&P 500 toward 4,300 in order to get their options contracts to pay off, according to Brent Kochuba, founder of analytic service SpotGamma. Any failure to hit this threshold would suggest the latest rally is losing momentum, potentially inviting sellers. The index added 0.2% to close at 4,283.74 Thursday.“Everyone is on the ‘call side’ of the boat,” said Kochuba.Charlie McElligott, a cross-asset strategist at Nomura Securities International, expects Friday’s OpEx to open the door for bigger price swings after the buffer from dealer hedging is reduced. He sees potential for the market to move in either direction.Should inflation come in hotter than expected and Fed policy makers ratchet up their hawkish rhetoric, that’d trigger turmoil across assets, he says. On the other hand, barring any negative macro shocks, money managers are under pressure to keep chasing the rally given their relatively low equity positioning.“My daily communications with clients continues to ‘hate’ this rally who remain wrong-sided and a source of ‘buyers higher,’” he wrote in a note Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190299111,"gmtCreate":1620621137233,"gmtModify":1704345686042,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Up up&nbsp;","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Up up&nbsp;","text":"$Walt Disney(DIS)$Up up","images":[{"img":"https://static.tigerbbs.com/3ca7f28fe1b17899d5308e0cded7b0f9","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190299111","isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":107915801,"gmtCreate":1620438562403,"gmtModify":1704343696627,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/107915801","repostId":"1120904578","repostType":4,"repost":{"id":"1120904578","kind":"news","pubTimestamp":1620429937,"share":"https://ttm.financial/m/news/1120904578?lang=&edition=fundamental","pubTime":"2021-05-08 07:25","market":"us","language":"en","title":"S&P 500, Dow hit record highs as weak jobs data eases rate worries","url":"https://stock-news.laohu8.com/highlight/detail?id=1120904578","media":"Reuters","summary":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the","content":"<p>The Dow and S&amp;P 500 hit record closing highs on Friday while registering gains for the week, and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> recovered after U.S. jobs data eased concerns over prospects for rising rates.</p><p>U.S. job growth&nbsp;unexpectedly slowed&nbsp;in April, likely restrained by shortages of workers, the Labor Department report showed.</p><p>The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.</p><p>“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.</p><p>Heavily-weighted growth stocks such as <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp MSFT.O and <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&amp;P 500 and Nasdaq their biggest boosts.</p><p>But gains were broad-based, with all major S&amp;P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.</p><p>The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&amp;P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.</p><p>For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&amp;P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.</p><p>“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.</p><p>A raft of upbeat earnings also helped stocks, and S&amp;P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.</p><p>Payments firm <a href=\"https://laohu8.com/S/SQ\">Square</a> Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)</p><p>Streaming device maker <a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a> ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)</p><p><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 164 new 52-week highs and <a href=\"https://laohu8.com/S/AONE\">one</a> new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.</p><p>Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Dow hit record highs as weak jobs data eases rate worries</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\">\nS&P 500, Dow hit record highs as weak jobs data eases rate worries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job ...</p>\n\n<a href=\"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","MSFT":"微软","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","EXPE":"Expedia",".DJI":"道琼斯","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","ROKU":"Roku Inc",".SPX":"S&P 500 Index","SQ":"Block","OEX":"标普100","AAPL":"苹果","IVV":"标普500指数ETF","SH":"标普500反向ETF"},"source_url":"https://www.reuters.com/business/sp-500-dow-hit-record-highs-weak-jobs-data-eases-rate-worries-2021-05-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120904578","content_text":"The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report showed.The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.“Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that’s really what the jobs data is indicating”, said Tom Martin, senior portfolio manager at Globalt Investments.Heavily-weighted growth stocks such as Microsoft Corp MSFT.O and Apple Inc AAPL.O rose by 1.1% and 0.5%, respectively, giving the S&P 500 and Nasdaq their biggest boosts.But gains were broad-based, with all major S&P 500 sectors ending in the green and energy SPNY and real estate SPLRCR leading the advance. Energy and materials SPLRCM both hit fresh highs.The Dow .DJI rose 229.23 points, or 0.66%, to 34,777.76, the S&P 500 .SPX gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite .IXIC added 119.40 points, or 0.88%, to 13,752.24.For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.“The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term,” said Greg Bassuk, chief executive at Axs Investments.A raft of upbeat earnings also helped stocks, and S&P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.Payments firm Square Inc SQ.N rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application. (Full Story)Streaming device maker Roku Inc ROKU.O jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc PTON.O gained as it laid out steps to improve the safety of its equipment. (Full Story) (Full Story)Expedia Group Inc EXPE.O shares rose 5.2% as analysts raised price targets following the company’s upbeat results.Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.The S&P 500 posted 164 new 52-week highs and one new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session 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":102448578,"gmtCreate":1620237994594,"gmtModify":1704340627705,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/102448578","repostId":"2133521525","repostType":4,"repost":{"id":"2133521525","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1620227934,"share":"https://ttm.financial/m/news/2133521525?lang=&edition=fundamental","pubTime":"2021-05-05 23:18","market":"us","language":"en","title":"Shopify Smashed Expectations Again But Post-Pandemic Uncertainty Lies Ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=2133521525","media":"Benzinga","summary":"Last Wednesday, Shopify (NYSE: SHOP) earnings, revenue and gross merchandise volume for the first quarter crushed analyst expectations As a result, shares of the stock soared 11.4% as e-commerce growth remained robust during the coronavirus pandemic.","content":"<p>Last Wednesday, <b>Shopify </b>(NYSE:SHOP) earnings, revenue and gross merchandise volume for the first quarter crushed analyst expectations As a result, shares of the stock soared 11.4% as e-commerce growth remained robust during the coronavirus pandemic.</p>\n<h4>Q1 Figures</h4>\n<p>For the quarter that ended on March 31st, investors had expected Shopify to post $865.48 million but it delivered $988.6 million instead. This achievement was enabled by the 137% growth of the \"Merchant Solutions\" business that expanded even at an even faster pace during the quarter than the company's aggregate 110% growth rate. This segment that encompasses payments, shipping, and capital services brought $668 million to the table, exceeding estimates of $560 million. In addition, subscription solutions revenue rose 71% to $320.7 million, also exceeding estimates of $284 million.</p>\n<p>Net income was boosted by an unrealized gain of $1.3 billion from its partnership with Affirm Holdings Inc (NASDAQ:AFRM) which went public at the beginning of the year. Since last July, Shopify owns more than 20 million shares of the online payments company. It earned an adjusted $2.01 per share, including a $1.3 billion investment gain. Adjusted earnings were more than triple Wall Street's projected 75 cents per share.</p>\n<h4><b>How Sustainable Is The Pandemic Win?</b></h4>\n<p>Shopify became <a href=\"https://laohu8.com/S/AONE\">one</a> of the biggest winners of the pandemic-fueled shift to e-commerce, as many brick-and-mortar stores were forced to temporarily shut down and people opted to stay indoors. The stock surged last year on the back of that momentum. However, upon the earnings call, Shopify executives said that even in areas where economies have reopened, there is proof that momentum remains strong as gross merchandise volume, the monetary-value of merchandise sold, more than doubled to $37.3 billion during the quarter.</p>\n<h4>Concerns</h4>\n<p>Executives warned that revenue growth could moderate this year as the vaccine rollout speeds up and consumers return to stores due to eased coronavirus restrictions. Executive departures have also been a concern and some analysts are questioning whether the business has reached a scale where it is self-sustaining beyond the individual contributions of several executives.</p>\n<p>Another concern is how will investments in sales, marketing and R&amp;D impact&nbsp;the operating margin as the company is building a U.S. distribution network to store and ship products for its customers – the merchants. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Keith Weiss believes demand for fulfillment services may disappoint near-term.</p>\n<h4>Outlook</h4>\n<p>No guidance for 2021 was provided. Although blowout results for the first quarter achieved to rekindle investor enthusiasm, writing another successful chapter in the post-IPO story of this Canadian e-commerce player, management is warning a slower growth pace is in the cards as the economy reopens and the pandemic finally becomes history.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shopify Smashed Expectations Again But Post-Pandemic Uncertainty Lies Ahead</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\">\nShopify Smashed Expectations Again But Post-Pandemic Uncertainty Lies Ahead\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-05 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Last Wednesday, <b>Shopify </b>(NYSE:SHOP) earnings, revenue and gross merchandise volume for the first quarter crushed analyst expectations As a result, shares of the stock soared 11.4% as e-commerce growth remained robust during the coronavirus pandemic.</p>\n<h4>Q1 Figures</h4>\n<p>For the quarter that ended on March 31st, investors had expected Shopify to post $865.48 million but it delivered $988.6 million instead. This achievement was enabled by the 137% growth of the \"Merchant Solutions\" business that expanded even at an even faster pace during the quarter than the company's aggregate 110% growth rate. This segment that encompasses payments, shipping, and capital services brought $668 million to the table, exceeding estimates of $560 million. In addition, subscription solutions revenue rose 71% to $320.7 million, also exceeding estimates of $284 million.</p>\n<p>Net income was boosted by an unrealized gain of $1.3 billion from its partnership with Affirm Holdings Inc (NASDAQ:AFRM) which went public at the beginning of the year. Since last July, Shopify owns more than 20 million shares of the online payments company. It earned an adjusted $2.01 per share, including a $1.3 billion investment gain. Adjusted earnings were more than triple Wall Street's projected 75 cents per share.</p>\n<h4><b>How Sustainable Is The Pandemic Win?</b></h4>\n<p>Shopify became <a href=\"https://laohu8.com/S/AONE\">one</a> of the biggest winners of the pandemic-fueled shift to e-commerce, as many brick-and-mortar stores were forced to temporarily shut down and people opted to stay indoors. The stock surged last year on the back of that momentum. However, upon the earnings call, Shopify executives said that even in areas where economies have reopened, there is proof that momentum remains strong as gross merchandise volume, the monetary-value of merchandise sold, more than doubled to $37.3 billion during the quarter.</p>\n<h4>Concerns</h4>\n<p>Executives warned that revenue growth could moderate this year as the vaccine rollout speeds up and consumers return to stores due to eased coronavirus restrictions. Executive departures have also been a concern and some analysts are questioning whether the business has reached a scale where it is self-sustaining beyond the individual contributions of several executives.</p>\n<p>Another concern is how will investments in sales, marketing and R&amp;D impact&nbsp;the operating margin as the company is building a U.S. distribution network to store and ship products for its customers – the merchants. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Keith Weiss believes demand for fulfillment services may disappoint near-term.</p>\n<h4>Outlook</h4>\n<p>No guidance for 2021 was provided. Although blowout results for the first quarter achieved to rekindle investor enthusiasm, writing another successful chapter in the post-IPO story of this Canadian e-commerce player, management is warning a slower growth pace is in the cards as the economy reopens and the pandemic finally becomes history.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc","AFRM":"Affirm Holdings, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133521525","content_text":"Last Wednesday, Shopify (NYSE:SHOP) earnings, revenue and gross merchandise volume for the first quarter crushed analyst expectations As a result, shares of the stock soared 11.4% as e-commerce growth remained robust during the coronavirus pandemic.\nQ1 Figures\nFor the quarter that ended on March 31st, investors had expected Shopify to post $865.48 million but it delivered $988.6 million instead. This achievement was enabled by the 137% growth of the \"Merchant Solutions\" business that expanded even at an even faster pace during the quarter than the company's aggregate 110% growth rate. This segment that encompasses payments, shipping, and capital services brought $668 million to the table, exceeding estimates of $560 million. In addition, subscription solutions revenue rose 71% to $320.7 million, also exceeding estimates of $284 million.\nNet income was boosted by an unrealized gain of $1.3 billion from its partnership with Affirm Holdings Inc (NASDAQ:AFRM) which went public at the beginning of the year. Since last July, Shopify owns more than 20 million shares of the online payments company. It earned an adjusted $2.01 per share, including a $1.3 billion investment gain. Adjusted earnings were more than triple Wall Street's projected 75 cents per share.\nHow Sustainable Is The Pandemic Win?\nShopify became one of the biggest winners of the pandemic-fueled shift to e-commerce, as many brick-and-mortar stores were forced to temporarily shut down and people opted to stay indoors. The stock surged last year on the back of that momentum. However, upon the earnings call, Shopify executives said that even in areas where economies have reopened, there is proof that momentum remains strong as gross merchandise volume, the monetary-value of merchandise sold, more than doubled to $37.3 billion during the quarter.\nConcerns\nExecutives warned that revenue growth could moderate this year as the vaccine rollout speeds up and consumers return to stores due to eased coronavirus restrictions. Executive departures have also been a concern and some analysts are questioning whether the business has reached a scale where it is self-sustaining beyond the individual contributions of several executives.\nAnother concern is how will investments in sales, marketing and R&D impact the operating margin as the company is building a U.S. distribution network to store and ship products for its customers – the merchants. Morgan Stanley analyst Keith Weiss believes demand for fulfillment services may disappoint near-term.\nOutlook\nNo guidance for 2021 was provided. Although blowout results for the first quarter achieved to rekindle investor enthusiasm, writing another successful chapter in the post-IPO story of this Canadian e-commerce player, management is warning a slower growth pace is in the cards as the economy reopens and the pandemic finally becomes history.","news_type":1},"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184773547597944,"gmtCreate":1686150137668,"gmtModify":1686150139455,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184773547597944","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957979675,"gmtCreate":1676956952598,"gmtModify":1676956956579,"author":{"id":"3581858950719595","authorId":"3581858950719595","name":"SoonHua","avatar":"https://community-static.tradeup.com/news/1e291b2d9179f759f0dd15dfc8aa2240","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581858950719595","authorIdStr":"3581858950719595"},"themes":[],"htmlText":"Nice time to buy more&nbsp;","listText":"Nice time to buy more&nbsp;","text":"Nice time to buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957979675","repostId":"1144079267","repostType":4,"repost":{"id":"1144079267","kind":"news","pubTimestamp":1676952051,"share":"https://ttm.financial/m/news/1144079267?lang=&edition=fundamental","pubTime":"2023-02-21 12:00","market":"us","language":"en","title":"The Fed Is Likely Leading The S&P 500 Into A Crushing Zone","url":"https://stock-news.laohu8.com/highlight/detail?id=1144079267","media":"Seeking Alpha","summary":"SummaryIt appears to us as if the Fed is fighting an asset bubble rather than trying to lower inflat","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>It appears to us as if the Fed is fighting an asset bubble rather than trying to lower inflation, looking at the shelter component of CPI.</li><li>We think the Fed, like every other time in history, will continue to raise interest rates and keep them there until something breaks, listening to their Fed talk.</li><li>As the Fed continues to raise interest rates, the 20-year-old concept of &#39;TINA&#39; appears to be called into question as treasuries become more attractive.</li><li>With a P/E ratio near 22 and crushing yields hanging over its head, we caution investors buying into this S&amp;P 500 rally so far, and suggest what better alternatives might be.</li></ul><p>The S&amp;P 500 (NYSEARCA:SPY) has had an explosive year so far, rebounding and already up more than 6% YTD. This is in stark contrast to the Federal Reserve, which continues to raise interest rates and maintains its hawkish stance.</p><p>Fed fund futures are already currently assuming a Fed Funds rate of 5.50% in November 2023. It also means that the Fed is playing with fire or lighting a fire under what used to be &#34;TINA&#34; or &#34;there is no alternative,&#34; now that the 6-month interest rate has broken through the 5% barrier.</p><p><img src=\"https://static.tigerbbs.com/f3915a64f7c54d36224064ee760b8e9f\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"/></p><p>CME Group</p><p><b>Fed Talk</b></p><p>Last week, the calendar was full of FOMC members speaking out and giving subtle hints about the future of interest rates and where they believe inflation to be going. For example, one of the disturbing trends we noticed was that FOMC members were constantly drawingcomparisons between the current inflationary environment and that of the 1970s.</p><blockquote>Inflation is a pernicious problem. One of the lessons of the last two years is that everybody feels the effects of inflation. It&#39;s pretty much across the spectrum. So rich and poor, young and old, everybody notices. So if we can&#39;t get this problem under control soon, we risk a replay of the 1970s. (St. Louis President James Bullard)</blockquote><p>He also said he would not rule out a 50bp rate hike at the March meeting, and reportedly advocated that at the previous meeting. Bullard also said he would like to bring the Fed&#39;s policy rate to 5.375% and reaffirmed his position on the duration of this inflation:</p><blockquote>My overall judgment is it will be a long battle against inflation, and we’ll probably have to continue to show inflation-fighting resolve as we go through 2023.</blockquote><p>Bullard is another member who has advocated the &#34;front-loading&#34; of monetary policy in the past. Worse, the FOMC member opposed monetary policy slowdowns, one of the main factors preventing the Fed from raising interest rates faster:</p><blockquote>I have pushed back against the long and variable lags argument… because I think in the modern era the transmission of monetary policy is much faster than it would have been in the 50s, 60s and 70s.</blockquote><p><img src=\"https://static.tigerbbs.com/b109962eb2ab4752b70c19586b893e20\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>Loretta Mester, another hawkish FOMC member,also sawa &#34;compelling case for another 50 basis point rate hike&#34; earlier this month. But more importantly, about what steps to expect at subsequent meetings, she said in the question-and-answer session:</p><blockquote>The Fed could accelerate the pace of rate increases again if economic conditions warrant. It’s not always going to be, you know, 25(bp).</blockquote><p>A pause certainly does not seem to be on FOMC member Mester&#39;s books just yet, for when asked when they would pause, she noted that Fed officials are still raising interest rates to levels that are restrictive enough. Finally, she also noted that inflation risks are still on the upside, and those upside risks argue for &#34;overshooting.&#34;</p><blockquote>Nothing right now is leading me to think that I need to really be focused on that question at this point.</blockquote><p>Other members, such as Member Bowman and Member Barkin, affirm their view that it will be a long battle against inflation. Richmond Fed Chairman Thomas Barkin also raises the message not to make the mistakes made in the 1970s.</p><blockquote>I think there&#39;s a very good case for leaving rates higher, for a longer period of time to allow the tightening to hit. I do think the lesson of the 70s was very clear, which is don&#39;t give up too early.</blockquote><p><img src=\"https://static.tigerbbs.com/49d0be7534585d5ec78780547ee31e31\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>Remarkably, Barkin also referred on Bloomberg to that period that &#34;their predecessors did the right thing,&#34; by which he probably meant Paul Volcker and called it a pursuit of him and the Fed.</p><p>To sum up all the Fed talk: FOMC members don&#39;t even think or consider a pivot, some would even prefer to overshoot and like to refer to the 1970s, basically calling for keeping interest rates higher for longer despite seeing inflation already coming down.</p><p>Our position is that while the markets continue to rally, Fed members still seem to want to take the stance of Volcker. And eventually, something has to give. In this game of chicken, it looks like the Fed will stick to its game plan to get inflation back to 2%, which seems impossible at the moment without causing a recession. Though thing seems certain: interest rates are probably going nowhere but up this year.</p><p><b>What Recession?</b></p><p>We believe the Federal Reserve will continue to raise interest rates until the economy breaks, and also like to refer to the Federal Reserve&#39;s attitude toward economic growth in the past for that matter. After GDP was negative for 2 consecutive quarters last year, theFed&#39;s attitudewas essentially: recession? What recession?</p><blockquote>I do not think the U.S. is currently in a recession. And the reason is, there are just too many areas of the economy that are performing, you know, too well, and of course I would point to the labor market in particular.</blockquote><p>A rather strange statement, as most people and the Fed itself knows thatthe labor market is seen as a lagging indicator. In the past, whenever the labor market began to deteriorate, it was already too late to take action because the recession was already underway.</p><p>Take even recent data, from 2000 and 2008, where the Fed cut interest rates, and the labor market just kept deteriorating with a slowing effect until the end of the recession.</p><p><img src=\"https://static.tigerbbs.com/420375d7371091dcc65814a84c0f363b\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>There are very few reasons to believe that some sort of &#34;soft landing&#34; is in the books, as the Fed has single-handedly crashed the economy in the past every time it raised interest rates. The notion &#34;the Fed raises interest rates until something breaks&#34; has proven true throughout history.</p><p>Returning to the Fed&#39;s earlier speech, it is in fact what FOMC members have also indicated, with member Mester, for example, indicating that they prefer to &#34;overshoot.&#34; Will it be different this time? The yield curve tells us a story.</p><p><img src=\"https://static.tigerbbs.com/cd0cbd4c768b625546b8a3dae1396c4c\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>The Fed and the National Bureau for Economic Research (NBER) do not want to label current economic conditions as a recession yet. But funnily enough, by the time a period is defined as a recession, employment is already in the gutter and the S&amp;P 500 is down by more than 30% in recent history.</p><p><b>Fighting An Asset Bubble?</b></p><p>When we talk about CPI, we are often surprised how little the various components of that inflation are mentioned. If we look at the CPI index, it is still up 6.34% year-on-year, well above the 2% target.</p><p>But if we take the shelter component out of the equation, we see that inflation has been absolutely flat in recent months. When we hear &#34;sticky inflation,&#34; we hear little about the housing market.</p><p><img src=\"https://static.tigerbbs.com/8662689574e19e672618e43e0275c953\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>The shelter component consists of both rent and &#39;owners&#39; equivalent rent&#39;. When we plot both elements of the shelter component, we see something remarkable.</p><p>Owner-equivalent rent and rent itself have still gone completely vertical in recent months, despite reports from the housing market showing a notable slowdown due to higher mortgage rates, which nearly reached 7% last November.</p><p><img src=\"https://static.tigerbbs.com/4d983834d249d8fb23ffdb83fcccd3f5\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>Both of these are known as lagging indicators, and yet market participants seem to overlook them completely. Because if we look at actual data, from sources that have real-time data, such asRedfinand theNational Association of Realtors, we see that the median sales price of a home is more than 11% lower than at its peak.</p><p><img src=\"https://static.tigerbbs.com/c71c9635b3528d1e9a937e8e052b224b\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>Every measurement of the housing market showed cracks last year, with the median sales price falling significantly from its highest point ever.</p><p><img src=\"https://static.tigerbbs.com/cf769db91ffb67d8430a1edf232c3234\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>And so it should be, as interest rates have risen at the fastest pace since the 1980s, and mortgages have become much more expensive, with 30-year mortgage rates well above 6%.</p><p>Yet the Federal Reserve&#39;s website shows that housing indicators are still resilient and stagnant around current levels. On the Fed&#39;s website, the median sales price of a home sold in the United States rose from $329K in early 2020 to $468K today. That&#39;s a 45.34% increase over three years.</p><p><img src=\"https://static.tigerbbs.com/542c27fd88a8edc2fe0e2fb40fc50f61\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>Rents, according toreal-time datafrom mostsources, also point to a decline, in contrast to the Federal Reserve&#39;s lagging data, which indicates that the huge inflationary pressures in that market are still being felt.</p><p>This discrepancy between the Federal Reserve and many economists looking at lagging data raises many questions for us as to whether, when they talk about sticky inflation, they are looking at all components of the CPI.</p><p><img src=\"https://static.tigerbbs.com/4c774102e8f7d636eec260577104a5f9\" tg-width=\"640\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/></p><p>Rent.com</p><p>To put that in perspective, we have seen exactly the same increase in house prices over the past three years that we saw between Q4 2004 and 2020. So we ask: is the Fed fighting inflation, or an asset bubble?</p><p>In our view, if the Fed wants to get interest rates below 2%, they are either waiting for the year-over-year equations in the housing market to fall, which is a lagging indicator, or have profound deflation in other parts of the economy. And right now we don&#39;t see those other parts showing strong deflation. On the other hand, if the housing market cracks, or the equations drop from year to year, we could end up with inflation well below target.</p><p>And if that happens, we end up as usual in a recession with a significant drop in the S&amp;P 500 and perhaps even deflation on a YoY basis. This could be the scenario as the Fed is keen to keep interest rates higher for longer.</p><p><img src=\"https://static.tigerbbs.com/6d3a7ed8ec638ac7c9659b9706673ba5\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>And that also raises the question of what would happen when we finally felt the effect of these interest rates. As some FOMC members pointed out, they have come to believe that &#34;long and variable lags&#34; in this modern economy may not be that long or variable.</p><p>Whereas research shows that it takes 12 months formonetary policy changes, such as interest rate changes, to take effect and 18 months for the full effect to be felt. To put that into context, we have already experienced profound deflationary forces recently, while according to the research, no interest rate hike has been felt yet.</p><p>These changes should not be felt until the end of this year and take full effect in 2024. Therefore, we still see a recession by the end of this year or at the start of 2024.</p><p><img src=\"https://static.tigerbbs.com/9fb018e391c21e8c335d2d1d028f4ce9\" tg-width=\"640\" tg-height=\"247\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>But what was the Fed focusing on this week? The main focus seems to be onretail sales, which came in hot and indicated that consumer spending remains strong. This raises the odds of the Fed raising interest rates.</p><p>And for us, it increases the likelihood that the Fed will continue to raise interest rates to a much too tight level, and that the Fed will make such policy mistake worse if just a couple of bad inflation prints show up. We urge investors to ask the question: when was the last time the Fed made the right decision? And let&#39;s face it: we don&#39;t know where the Fed will go with interest rates, we can&#39;t predict the future. But right now, looking at the Fed&#39;s past actions and their comments, it doesn&#39;t look good.</p><p>One thing we can take away from every meeting that is a given is that under no circumstances will the Fed consider a 2% inflation target increase. And it seems that certain market participants don&#39;t understand why that should be, and just tolerate a 3% or 4% target.</p><p><img src=\"https://static.tigerbbs.com/6c9effa5f7f712226a3f45f752bdcfb3\" tg-width=\"640\" tg-height=\"298\" referrerpolicy=\"no-referrer\"/></p><p>Federal Reserve (FRED)</p><p>Wages are not keeping up with inflation, and personal savings at its lowest point in decades. For example, more than half of Americanscannot cover $1,000 for emergencies with savings.</p><p>If inflation continues at these levels, the average American will be crushed by it. This time the Fed will rally behind the average American, who does not own the assets that have been inflated, and the Fed will keep going, probably until those assets are crushed.</p><p>The Fed has reiterated, time and again, that difficult markets are not as bad as vastly increased inflation for the average household. Also from a technical standpoint, we think the 2022 lows will be tested again this year.</p><p><img src=\"https://static.tigerbbs.com/6b80b58760ac95a0add6a96e4fbb71bc\" tg-width=\"640\" tg-height=\"402\" referrerpolicy=\"no-referrer\"/></p><p>TradingView, Author</p><p>Finally, another factor is how this higher interest rate may affect the dynamic we have had over the last 20 years or so of &#34;TINA,&#34; or lack of good alternatives to stocks.</p><p>As you can see in the chart below, we took Federal Reserve data and plotted the earnings yield of the S&amp;P 500 over the past 60 years and compared it to the yield investors get from 10-year Treasuries. We chose 10-year Treasuries because this is often used as the discount rate in discounted cash flow models, looking 10 years ahead. The 10-year yield broke 4% last year and currently stands at 3.82% in an upward trend.</p><p>This compares with an earnings yield for the S&amp;P 500, which is only 4.59%. For example, if that 10-year yield approaches the earnings yield of the S&amp;P 500, investors are essentially only getting earnings growth as a premium. In short, the 10-year yield could put severe pressure on the S&amp;P 500 multiple if it keeps going higher.</p><p><img src=\"https://static.tigerbbs.com/2fc88085e3e826dcdbb8e67eb3127fc9\" tg-width=\"640\" tg-height=\"401\" referrerpolicy=\"no-referrer\"/></p><p>Author&#39;s Visualization, Federal Reserve Data</p><p>The last time the 10-year yield was around 4%, in the early to mid-2000s, the earnings yield was closer to 6%, or a historical average valuation of about 16x the P/E ratio. And that does not include any earnings deterioration that usually occurs in a recession.</p><p>Currently, stocks justaren&#39;t cheapat 22x earnings, we think, with a Federal Reserve that wants to keep interest rates above 5% for a long time, perhaps until something breaks.</p><p><b>The Bottom Line</b></p><p>While the Fed focuses on lagging indicators such as the labor market or prefers not to take too much account of what is going on in the housing market and its effect on the CPI, we believe these questions should be raised and made a real concern.</p><p>We think that the Federal Reserve, as always in history, will raise interest rates until something breaks. The deflationary forces we are seeing, along with the Fed&#39;s attitude that it thinks it is fighting inflation as it did in the 1970s, lead us to believe that the Fed will massively overshoot and keep interest rates high until the jobs market breaks and the S&amp;P 500 is once again down more than 30% than ever before. Since it looks to us like the Fed is in pole position to crash the economy, we advise investors to be cautious about equity rallies based on the assumption that the Federal Reserve will pivot soon.</p><p><img src=\"https://static.tigerbbs.com/1ca1ca125b1e2c70f08cbd9d9830b30c\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>We are cautious about long-duration, such as pure growth stocks, and prefer short-term t-bills with yields around 5%, cash, and a concentrated portfolio of stocks that already have strong free cash flow. Or ones who have the potential to generate said cash soon to buy back shares or pay dividends.</p></body></html>","source":"seekingalpha_fund","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>The Fed Is Likely Leading The S&P 500 Into A Crushing Zone</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\">\nThe Fed Is Likely Leading The S&P 500 Into A Crushing Zone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-21 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4579934-the-fed-is-likely-leading-the-s-and-p-500-into-a-crushing-zone><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIt appears to us as if the Fed is fighting an asset bubble rather than trying to lower inflation, looking at the shelter component of CPI.We think the Fed, like every other time in history, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4579934-the-fed-is-likely-leading-the-s-and-p-500-into-a-crushing-zone\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4579934-the-fed-is-likely-leading-the-s-and-p-500-into-a-crushing-zone","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144079267","content_text":"SummaryIt appears to us as if the Fed is fighting an asset bubble rather than trying to lower inflation, looking at the shelter component of CPI.We think the Fed, like every other time in history, will continue to raise interest rates and keep them there until something breaks, listening to their Fed talk.As the Fed continues to raise interest rates, the 20-year-old concept of 'TINA' appears to be called into question as treasuries become more attractive.With a P/E ratio near 22 and crushing yields hanging over its head, we caution investors buying into this S&P 500 rally so far, and suggest what better alternatives might be.The S&P 500 (NYSEARCA:SPY) has had an explosive year so far, rebounding and already up more than 6% YTD. This is in stark contrast to the Federal Reserve, which continues to raise interest rates and maintains its hawkish stance.Fed fund futures are already currently assuming a Fed Funds rate of 5.50% in November 2023. It also means that the Fed is playing with fire or lighting a fire under what used to be \"TINA\" or \"there is no alternative,\" now that the 6-month interest rate has broken through the 5% barrier.CME GroupFed TalkLast week, the calendar was full of FOMC members speaking out and giving subtle hints about the future of interest rates and where they believe inflation to be going. For example, one of the disturbing trends we noticed was that FOMC members were constantly drawingcomparisons between the current inflationary environment and that of the 1970s.Inflation is a pernicious problem. One of the lessons of the last two years is that everybody feels the effects of inflation. It's pretty much across the spectrum. So rich and poor, young and old, everybody notices. So if we can't get this problem under control soon, we risk a replay of the 1970s. (St. Louis President James Bullard)He also said he would not rule out a 50bp rate hike at the March meeting, and reportedly advocated that at the previous meeting. Bullard also said he would like to bring the Fed's policy rate to 5.375% and reaffirmed his position on the duration of this inflation:My overall judgment is it will be a long battle against inflation, and we’ll probably have to continue to show inflation-fighting resolve as we go through 2023.Bullard is another member who has advocated the \"front-loading\" of monetary policy in the past. Worse, the FOMC member opposed monetary policy slowdowns, one of the main factors preventing the Fed from raising interest rates faster:I have pushed back against the long and variable lags argument… because I think in the modern era the transmission of monetary policy is much faster than it would have been in the 50s, 60s and 70s.Federal Reserve (FRED)Loretta Mester, another hawkish FOMC member,also sawa \"compelling case for another 50 basis point rate hike\" earlier this month. But more importantly, about what steps to expect at subsequent meetings, she said in the question-and-answer session:The Fed could accelerate the pace of rate increases again if economic conditions warrant. It’s not always going to be, you know, 25(bp).A pause certainly does not seem to be on FOMC member Mester's books just yet, for when asked when they would pause, she noted that Fed officials are still raising interest rates to levels that are restrictive enough. Finally, she also noted that inflation risks are still on the upside, and those upside risks argue for \"overshooting.\"Nothing right now is leading me to think that I need to really be focused on that question at this point.Other members, such as Member Bowman and Member Barkin, affirm their view that it will be a long battle against inflation. Richmond Fed Chairman Thomas Barkin also raises the message not to make the mistakes made in the 1970s.I think there's a very good case for leaving rates higher, for a longer period of time to allow the tightening to hit. I do think the lesson of the 70s was very clear, which is don't give up too early.Federal Reserve (FRED)Remarkably, Barkin also referred on Bloomberg to that period that \"their predecessors did the right thing,\" by which he probably meant Paul Volcker and called it a pursuit of him and the Fed.To sum up all the Fed talk: FOMC members don't even think or consider a pivot, some would even prefer to overshoot and like to refer to the 1970s, basically calling for keeping interest rates higher for longer despite seeing inflation already coming down.Our position is that while the markets continue to rally, Fed members still seem to want to take the stance of Volcker. And eventually, something has to give. In this game of chicken, it looks like the Fed will stick to its game plan to get inflation back to 2%, which seems impossible at the moment without causing a recession. Though thing seems certain: interest rates are probably going nowhere but up this year.What Recession?We believe the Federal Reserve will continue to raise interest rates until the economy breaks, and also like to refer to the Federal Reserve's attitude toward economic growth in the past for that matter. After GDP was negative for 2 consecutive quarters last year, theFed's attitudewas essentially: recession? What recession?I do not think the U.S. is currently in a recession. And the reason is, there are just too many areas of the economy that are performing, you know, too well, and of course I would point to the labor market in particular.A rather strange statement, as most people and the Fed itself knows thatthe labor market is seen as a lagging indicator. In the past, whenever the labor market began to deteriorate, it was already too late to take action because the recession was already underway.Take even recent data, from 2000 and 2008, where the Fed cut interest rates, and the labor market just kept deteriorating with a slowing effect until the end of the recession.Federal Reserve (FRED)There are very few reasons to believe that some sort of \"soft landing\" is in the books, as the Fed has single-handedly crashed the economy in the past every time it raised interest rates. The notion \"the Fed raises interest rates until something breaks\" has proven true throughout history.Returning to the Fed's earlier speech, it is in fact what FOMC members have also indicated, with member Mester, for example, indicating that they prefer to \"overshoot.\" Will it be different this time? The yield curve tells us a story.Federal Reserve (FRED)The Fed and the National Bureau for Economic Research (NBER) do not want to label current economic conditions as a recession yet. But funnily enough, by the time a period is defined as a recession, employment is already in the gutter and the S&P 500 is down by more than 30% in recent history.Fighting An Asset Bubble?When we talk about CPI, we are often surprised how little the various components of that inflation are mentioned. If we look at the CPI index, it is still up 6.34% year-on-year, well above the 2% target.But if we take the shelter component out of the equation, we see that inflation has been absolutely flat in recent months. When we hear \"sticky inflation,\" we hear little about the housing market.Federal Reserve (FRED)The shelter component consists of both rent and 'owners' equivalent rent'. When we plot both elements of the shelter component, we see something remarkable.Owner-equivalent rent and rent itself have still gone completely vertical in recent months, despite reports from the housing market showing a notable slowdown due to higher mortgage rates, which nearly reached 7% last November.Federal Reserve (FRED)Both of these are known as lagging indicators, and yet market participants seem to overlook them completely. Because if we look at actual data, from sources that have real-time data, such asRedfinand theNational Association of Realtors, we see that the median sales price of a home is more than 11% lower than at its peak.Data by YChartsEvery measurement of the housing market showed cracks last year, with the median sales price falling significantly from its highest point ever.Data by YChartsAnd so it should be, as interest rates have risen at the fastest pace since the 1980s, and mortgages have become much more expensive, with 30-year mortgage rates well above 6%.Yet the Federal Reserve's website shows that housing indicators are still resilient and stagnant around current levels. On the Fed's website, the median sales price of a home sold in the United States rose from $329K in early 2020 to $468K today. That's a 45.34% increase over three years.Federal Reserve (FRED)Rents, according toreal-time datafrom mostsources, also point to a decline, in contrast to the Federal Reserve's lagging data, which indicates that the huge inflationary pressures in that market are still being felt.This discrepancy between the Federal Reserve and many economists looking at lagging data raises many questions for us as to whether, when they talk about sticky inflation, they are looking at all components of the CPI.Rent.comTo put that in perspective, we have seen exactly the same increase in house prices over the past three years that we saw between Q4 2004 and 2020. So we ask: is the Fed fighting inflation, or an asset bubble?In our view, if the Fed wants to get interest rates below 2%, they are either waiting for the year-over-year equations in the housing market to fall, which is a lagging indicator, or have profound deflation in other parts of the economy. And right now we don't see those other parts showing strong deflation. On the other hand, if the housing market cracks, or the equations drop from year to year, we could end up with inflation well below target.And if that happens, we end up as usual in a recession with a significant drop in the S&P 500 and perhaps even deflation on a YoY basis. This could be the scenario as the Fed is keen to keep interest rates higher for longer.Federal Reserve (FRED)And that also raises the question of what would happen when we finally felt the effect of these interest rates. As some FOMC members pointed out, they have come to believe that \"long and variable lags\" in this modern economy may not be that long or variable.Whereas research shows that it takes 12 months formonetary policy changes, such as interest rate changes, to take effect and 18 months for the full effect to be felt. To put that into context, we have already experienced profound deflationary forces recently, while according to the research, no interest rate hike has been felt yet.These changes should not be felt until the end of this year and take full effect in 2024. Therefore, we still see a recession by the end of this year or at the start of 2024.Federal Reserve (FRED)But what was the Fed focusing on this week? The main focus seems to be onretail sales, which came in hot and indicated that consumer spending remains strong. This raises the odds of the Fed raising interest rates.And for us, it increases the likelihood that the Fed will continue to raise interest rates to a much too tight level, and that the Fed will make such policy mistake worse if just a couple of bad inflation prints show up. We urge investors to ask the question: when was the last time the Fed made the right decision? And let's face it: we don't know where the Fed will go with interest rates, we can't predict the future. But right now, looking at the Fed's past actions and their comments, it doesn't look good.One thing we can take away from every meeting that is a given is that under no circumstances will the Fed consider a 2% inflation target increase. And it seems that certain market participants don't understand why that should be, and just tolerate a 3% or 4% target.Federal Reserve (FRED)Wages are not keeping up with inflation, and personal savings at its lowest point in decades. For example, more than half of Americanscannot cover $1,000 for emergencies with savings.If inflation continues at these levels, the average American will be crushed by it. This time the Fed will rally behind the average American, who does not own the assets that have been inflated, and the Fed will keep going, probably until those assets are crushed.The Fed has reiterated, time and again, that difficult markets are not as bad as vastly increased inflation for the average household. Also from a technical standpoint, we think the 2022 lows will be tested again this year.TradingView, AuthorFinally, another factor is how this higher interest rate may affect the dynamic we have had over the last 20 years or so of \"TINA,\" or lack of good alternatives to stocks.As you can see in the chart below, we took Federal Reserve data and plotted the earnings yield of the S&P 500 over the past 60 years and compared it to the yield investors get from 10-year Treasuries. We chose 10-year Treasuries because this is often used as the discount rate in discounted cash flow models, looking 10 years ahead. The 10-year yield broke 4% last year and currently stands at 3.82% in an upward trend.This compares with an earnings yield for the S&P 500, which is only 4.59%. For example, if that 10-year yield approaches the earnings yield of the S&P 500, investors are essentially only getting earnings growth as a premium. In short, the 10-year yield could put severe pressure on the S&P 500 multiple if it keeps going higher.Author's Visualization, Federal Reserve DataThe last time the 10-year yield was around 4%, in the early to mid-2000s, the earnings yield was closer to 6%, or a historical average valuation of about 16x the P/E ratio. And that does not include any earnings deterioration that usually occurs in a recession.Currently, stocks justaren't cheapat 22x earnings, we think, with a Federal Reserve that wants to keep interest rates above 5% for a long time, perhaps until something breaks.The Bottom LineWhile the Fed focuses on lagging indicators such as the labor market or prefers not to take too much account of what is going on in the housing market and its effect on the CPI, we believe these questions should be raised and made a real concern.We think that the Federal Reserve, as always in history, will raise interest rates until something breaks. The deflationary forces we are seeing, along with the Fed's attitude that it thinks it is fighting inflation as it did in the 1970s, lead us to believe that the Fed will massively overshoot and keep interest rates high until the jobs market breaks and the S&P 500 is once again down more than 30% than ever before. Since it looks to us like the Fed is in pole position to crash the economy, we advise investors to be cautious about equity rallies based on the assumption that the Federal Reserve will pivot soon.Data by YChartsWe are cautious about long-duration, such as pure growth stocks, and prefer short-term t-bills with yields around 5%, cash, and a concentrated portfolio of stocks that already have strong free cash flow. Or ones who have the potential to generate said cash soon to buy back shares or pay dividends.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}