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2021-06-18

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Ford Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand

2021-06-16

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Carnival and other cruise stocks get upgrade from Wolfe Research on bookings jump

2021-06-09

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2021-06-09

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Most Shorted Stocks Update: Here Come The Microcaps... Again

2021-06-09

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Zhangmen Education opens for trading at $17.74, up about 54% from IPO price

2021-06-08

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Berkshire Hathaway invests $500 million in Brazil's Nubank

2021-06-08

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Zhangmen Education opens for trading at $17.74, up about 54% from IPO price

2021-06-08

$Biogen(BIIB)$Please comment and like. Thank you.

2021-06-07

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Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded

2021-06-07

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Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded

2021-06-07

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Toplines Before US Market Open on Monday

2021-06-06

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U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO

2021-06-04

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JD.com: Its Business Model Is Deserving Of Its Current Valuation

2021-06-03

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Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.

2021-06-03

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Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.

2021-06-02

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The Top 50 Robinhood Stocks in June

2021-06-02

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AMC Stock Is Surging Again. How to Make Sense of the Move.

2021-06-02

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2021-05-03

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Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week

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Ford stock rose.</p>\n<p>The No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.</p>\n<p>That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.</p>\n<p>Ford did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.</p>\n<p>On Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.</p>\n<p>Also Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and <b>Tesla</b> Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.</p>\n<p>Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.</p>\n<p>CEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.</p>\n<h2>Ford Stock</h2>\n<p>Shares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.</p>\n<p>On Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.</p>\n<p>By comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.</p>\n<p>But Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.</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>Ford Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand</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\">\nFord Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-17 23:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Ford</b> joined <b>General Motors</b> with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.</p>\n<p>The No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.</p>\n<p>That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.</p>\n<p>Ford did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.</p>\n<p>On Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.</p>\n<p>Also Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and <b>Tesla</b> Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.</p>\n<p>Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.</p>\n<p>CEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.</p>\n<h2>Ford Stock</h2>\n<p>Shares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.</p>\n<p>On Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.</p>\n<p>By comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.</p>\n<p>But Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144742524","content_text":"Ford joined General Motors with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.\nThe No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.\nThat's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.\nFord did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.\nOn Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.\nAlso Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and Tesla Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.\nMeanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.\nCEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.\nFord Stock\nShares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.\nOn Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.\nBy comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.\nBut Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":836,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169420917,"gmtCreate":1623848044139,"gmtModify":1703821255989,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please comment and like. Thank you","listText":"Please comment and like. Thank you","text":"Please comment and like. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/169420917","repostId":"1129059158","repostType":4,"repost":{"id":"1129059158","pubTimestamp":1623847403,"share":"https://ttm.financial/m/news/1129059158?lang=&edition=fundamental","pubTime":"2021-06-16 20:43","market":"us","language":"en","title":"Carnival and other cruise stocks get upgrade from Wolfe Research on bookings jump","url":"https://stock-news.laohu8.com/highlight/detail?id=1129059158","media":"cnbc","summary":"Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.The cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.Analyst Greg Badishkanian upgraded Carnival,Royal Caribbean and Norwegian Cruise Line Holdings to outperform from peer per","content":"<div>\n<p>Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.\nThe cruise industry was one of the hardest hit by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Carnival and other cruise stocks get upgrade from Wolfe Research on bookings jump</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\">\nCarnival and other cruise stocks get upgrade from Wolfe Research on bookings jump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 20:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.\nThe cruise industry was one of the hardest hit by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮","NCLH":"挪威邮轮","RCL":"皇家加勒比邮轮"},"source_url":"https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129059158","content_text":"Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.\nThe cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.\nAnalyst Greg Badishkanian upgraded Carnival,Royal Caribbean and Norwegian Cruise Line Holdings to outperform from peer perform, saying in a note to clients on Wednesday that early indications pointed to a strong restart for the industry.\n“Our checks suggest improving booking / pricing trends out of North America over the past month, with stronger trends over the past week. While there is some lingering uncertainty surrounding the U.S. restart (CDC / Florida, etc.), we view those unknowns as largely transitory when viewed against the broader reopening backdrop,” the note said.\nBookings and demand are running ahead of pre-pandemic levels, according to Wolfe.\n“Cumulative 2022 bookings are now up approx. +10% to +15% versus 2019 levels with signs of improving 1Q demand (especially in January). Pricing is up in the +15% to 25% range vs. 2019 before factoring in [future cruise credits],” the note said.\nWolfe has price targets of $32 per share for Carnival, $96 for Royal Caribbean and $36 for Norwegian. Those represent upside of roughly 12%, 8% and 17%, respectively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189320018,"gmtCreate":1623245963635,"gmtModify":1704199200774,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please respond. Thank you","listText":"Please respond. Thank you","text":"Please respond. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/189320018","repostId":"2142321626","repostType":4,"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574200728285353","authorId":"3574200728285353","name":"Kernsion","avatar":"https://static.tigerbbs.com/1ffac41f60c526771b9ca04ae229744f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3574200728285353","authorIdStr":"3574200728285353"},"content":"Done, reply pls","text":"Done, reply pls","html":"Done, reply pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180111085,"gmtCreate":1623194463547,"gmtModify":1704197911339,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment.","listText":"Please like and comment.","text":"Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180111085","repostId":"1170952459","repostType":4,"repost":{"id":"1170952459","pubTimestamp":1623167947,"share":"https://ttm.financial/m/news/1170952459?lang=&edition=fundamental","pubTime":"2021-06-08 23:59","market":"us","language":"en","title":"Most Shorted Stocks Update: Here Come The Microcaps... Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1170952459","media":"zerohedge","summary":"Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first o","content":"<p>Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first of coursebeing the post that sparked much of the meme stock insanity), we hinted (since we are not \"advisors\") to our readers to look at all the other most shorted small cap companies in the Russell 2000 - specifically those with a short interest at 20% or more of float listed below...</p><p><img src=\"https://static.tigerbbs.com/a96486e70e3ff99811a7104e5fe5d9d1\" tg-width=\"841\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>...... and buy an equal-weighted basket of these, to wit:</p><blockquote><i>If the performance of our previous most shorted index is any indication, going long a market cap-weighted basket of these names - and especially the smaller, less liquid ones - could turn out to be the trade of the year, if not a lifetime.</i></blockquote><p>Less than a week later, this basket is up more than 15% in value. To all those who put it on, congratulations.</p><p><img src=\"https://static.tigerbbs.com/7e753112263e261d9bbcc18e9404318b\" tg-width=\"512\" tg-height=\"266\" referrerpolicy=\"no-referrer\"></p><p>But in a world where there is now over $30 trillion in excess central bank liquidity, and where no logic or fundamentals make sense, the short squeeze insanity appears to be accelerating with every passing day: and while AMC is positively dormant today, it is GME that has taken its spot and is surging as much as 25%...</p><p><img src=\"https://static.tigerbbs.com/9b807cbb591000fc0f75415598caf7d2\" tg-width=\"1280\" tg-height=\"703\" referrerpolicy=\"no-referrer\"></p><p>... while another most shorted name we flagged previously, Clover Health, has exploded more than 100%.</p><p><img src=\"https://static.tigerbbs.com/73fd979e6e954102a1d8a311f3a96763\" tg-width=\"1280\" tg-height=\"705\" referrerpolicy=\"no-referrer\"></p><p>But in a notable shift from previous days,<b>it now appears that even the microcaps are starting to run.</b></p><p>Case in point, microcap Windln.de, a German online retailer for baby and toddler products, which soared as much as 104% on Tuesday, following a 133% jump on Monday, as the company's massive short interest was the topic of discussion on various message boards. The ramp was accelerated when German newspaper Bild also highlighted the gains in Monday’s edition.</p><p>While the company's fundamentals are garbage - with Windeln.de’s market value falling about 95% since listing shares in 2015, as the company undertook a restructuring in 2018 and a reverse stock split in 2019 - that did not matter as th squeeze busters sniffed out its massive 200% SI and limited float, which according to Bloomberg is just 30% of the shares outstanding.</p><p><img src=\"https://static.tigerbbs.com/e4836e0ef79c23cef818f7977ea50ffc\" tg-width=\"1198\" tg-height=\"665\" referrerpolicy=\"no-referrer\"></p><p>The move in WDL, whose market cap was about €10MM at the start of the surge, suggests that the shorthunters have again expanded their universe of squeeze candidates, which brings us back to our post from late January, when we looked at the most shorted microcap stocks, those which in many cases traded in the subpenny range and are lucky to have a $1 million market cap.</p><p>So in the name of market efficiency, we decided to recreate our screen of most shorted microcap/pennystock names, using Bloomberg data.</p><p>The screen, shown below, captures not only the popular meme/Reddit stocks such as Bed Bath, Workhorse and Clover Health which we first profiled last week,<b>but also expands into those stocks that have a substantial short interest as a % of float - in some cases with a potentially large naked short overhang as their SI as % of float is above 100% - in the microcap space, i.e. with a market cap of a few million or less.</b></p><p>The list includes such names as Solar Integrated (SIRC) with a 55% short interest; OPETC International (OPTI) with 153% of the float shorted, the strategically named Renewable Energy And Power (RBNW) which is 50% shorted and even includes such old favorites as Saddle Ranch Media (SRMX), which we first profiled in January,<b>and which thenwent on to generate a 3,800% return in two weeks!</b></p><p><img src=\"https://static.tigerbbs.com/2e16c293916ce8c5eb7cc3851df51c05\" tg-width=\"1123\" tg-height=\"571\" referrerpolicy=\"no-referrer\"></p><p>And so, without further ado, here is the latest and greatest list of most shorted US-listed companies, including not only the mid/large caps such as NKLA, CLV, BBBY and WKHS which have already soared in the past weeks, but also the pennystocks such as SIRC, OPTI, GVSI, VDRM, HRAL, ASKE, SRMX and others, which may be coiled and just waiting to pounce as the next short squeeze wave rolls in.</p><p><img src=\"https://static.tigerbbs.com/f94d63c56f2b7c8b0e1f101c1fd91b16\" tg-width=\"867\" tg-height=\"1074\" referrerpolicy=\"no-referrer\"></p><p>As usual, for those who believe that the best way to beat the prevailing market madness is to simply join it, the easiest way will be to create an equal-weighted basket of these names and to just wait until the short-squeeze brigade comes in hot. Because if the performance of our previous most shorted indexes is any indication, going long a market cap-weighted basket of these names - especially the smaller, least liquid microcaps - could turn out to be the trade of the year, if not a lifetime.</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>Most Shorted Stocks Update: Here Come The Microcaps... Again</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\">\nMost Shorted Stocks Update: Here Come The Microcaps... Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 23:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first of coursebeing the post that sparked much of the meme stock insanity), we hinted (since we are not \"...</p>\n\n<a href=\"https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GEO":"GEO惩教集团","SRG":"Seritage Growth Properties","PETS":"PetMed Express","GOGO":"Gogo Inc.","IGMS":"IGM Biosciences","OTRK":"Ontrak, Inc.","PGEN":"Precigen","FLGT":"Fulgent Genetics Inc.","KDMN":"Kadmon Holdings LLC","WKHS":"Workhorse Group, Inc.","CLVS":"Clovis Oncology","ESPR":"Esperion Therapeutics Inc.","BBBY":"3B家居"},"source_url":"https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170952459","content_text":"Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first of coursebeing the post that sparked much of the meme stock insanity), we hinted (since we are not \"advisors\") to our readers to look at all the other most shorted small cap companies in the Russell 2000 - specifically those with a short interest at 20% or more of float listed below......... and buy an equal-weighted basket of these, to wit:If the performance of our previous most shorted index is any indication, going long a market cap-weighted basket of these names - and especially the smaller, less liquid ones - could turn out to be the trade of the year, if not a lifetime.Less than a week later, this basket is up more than 15% in value. To all those who put it on, congratulations.But in a world where there is now over $30 trillion in excess central bank liquidity, and where no logic or fundamentals make sense, the short squeeze insanity appears to be accelerating with every passing day: and while AMC is positively dormant today, it is GME that has taken its spot and is surging as much as 25%...... while another most shorted name we flagged previously, Clover Health, has exploded more than 100%.But in a notable shift from previous days,it now appears that even the microcaps are starting to run.Case in point, microcap Windln.de, a German online retailer for baby and toddler products, which soared as much as 104% on Tuesday, following a 133% jump on Monday, as the company's massive short interest was the topic of discussion on various message boards. The ramp was accelerated when German newspaper Bild also highlighted the gains in Monday’s edition.While the company's fundamentals are garbage - with Windeln.de’s market value falling about 95% since listing shares in 2015, as the company undertook a restructuring in 2018 and a reverse stock split in 2019 - that did not matter as th squeeze busters sniffed out its massive 200% SI and limited float, which according to Bloomberg is just 30% of the shares outstanding.The move in WDL, whose market cap was about €10MM at the start of the surge, suggests that the shorthunters have again expanded their universe of squeeze candidates, which brings us back to our post from late January, when we looked at the most shorted microcap stocks, those which in many cases traded in the subpenny range and are lucky to have a $1 million market cap.So in the name of market efficiency, we decided to recreate our screen of most shorted microcap/pennystock names, using Bloomberg data.The screen, shown below, captures not only the popular meme/Reddit stocks such as Bed Bath, Workhorse and Clover Health which we first profiled last week,but also expands into those stocks that have a substantial short interest as a % of float - in some cases with a potentially large naked short overhang as their SI as % of float is above 100% - in the microcap space, i.e. with a market cap of a few million or less.The list includes such names as Solar Integrated (SIRC) with a 55% short interest; OPETC International (OPTI) with 153% of the float shorted, the strategically named Renewable Energy And Power (RBNW) which is 50% shorted and even includes such old favorites as Saddle Ranch Media (SRMX), which we first profiled in January,and which thenwent on to generate a 3,800% return in two weeks!And so, without further ado, here is the latest and greatest list of most shorted US-listed companies, including not only the mid/large caps such as NKLA, CLV, BBBY and WKHS which have already soared in the past weeks, but also the pennystocks such as SIRC, OPTI, GVSI, VDRM, HRAL, ASKE, SRMX and others, which may be coiled and just waiting to pounce as the next short squeeze wave rolls in.As usual, for those who believe that the best way to beat the prevailing market madness is to simply join it, the easiest way will be to create an equal-weighted basket of these names and to just wait until the short-squeeze brigade comes in hot. Because if the performance of our previous most shorted indexes is any indication, going long a market cap-weighted basket of these names - especially the smaller, least liquid microcaps - could turn out to be the trade of the year, if not a lifetime.","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180119710,"gmtCreate":1623194432230,"gmtModify":1704197909397,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180119710","repostId":"1150047118","repostType":4,"repost":{"id":"1150047118","pubTimestamp":1623166569,"share":"https://ttm.financial/m/news/1150047118?lang=&edition=fundamental","pubTime":"2021-06-08 23:36","market":"us","language":"en","title":"Zhangmen Education opens for trading at $17.74, up about 54% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1150047118","media":"MarketWatch","summary":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Educat","content":"<p>(June 8)&nbsp;Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.</p><p><img src=\"https://static.tigerbbs.com/2ca3205e02c5697cdb0d18b2dd329fd9\" tg-width=\"750\" tg-height=\"514\"></p><p>Zhangmen Education Inc.ZME,&nbsp;is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.</p><p>The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.</p><p>The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"</p><p>Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.</p><p>The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&amp;P 500SPX,-0.08%has advanced 10.6%.</p>","source":"market_watch","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>Zhangmen Education opens for trading at $17.74, up about 54% from IPO price</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\">\nZhangmen Education opens for trading at $17.74, up about 54% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial ...</p>\n\n<a href=\"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZME":"掌门教育"},"source_url":"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1150047118","content_text":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&P 500SPX,-0.08%has advanced 10.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117746850,"gmtCreate":1623162334170,"gmtModify":1704197441982,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117746850","repostId":"2141426170","repostType":4,"repost":{"id":"2141426170","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":1623156570,"share":"https://ttm.financial/m/news/2141426170?lang=&edition=fundamental","pubTime":"2021-06-08 20:49","market":"us","language":"en","title":"Berkshire Hathaway invests $500 million in Brazil's Nubank","url":"https://stock-news.laohu8.com/highlight/detail?id=2141426170","media":"Reuters","summary":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giv","content":"<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</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>Berkshire Hathaway invests $500 million in Brazil's Nubank</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\">\nBerkshire Hathaway invests $500 million in Brazil's Nubank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-08 20:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141426170","content_text":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.BERKSHIRE BETS IN BRAZILNubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117708443,"gmtCreate":1623159806682,"gmtModify":1704197329891,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like.","listText":"Please like.","text":"Please like.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117708443","repostId":"1150047118","repostType":4,"repost":{"id":"1150047118","pubTimestamp":1623166569,"share":"https://ttm.financial/m/news/1150047118?lang=&edition=fundamental","pubTime":"2021-06-08 23:36","market":"us","language":"en","title":"Zhangmen Education opens for trading at $17.74, up about 54% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1150047118","media":"MarketWatch","summary":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Educat","content":"<p>(June 8)&nbsp;Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.</p><p><img src=\"https://static.tigerbbs.com/2ca3205e02c5697cdb0d18b2dd329fd9\" tg-width=\"750\" tg-height=\"514\"></p><p>Zhangmen Education Inc.ZME,&nbsp;is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.</p><p>The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.</p><p>The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"</p><p>Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.</p><p>The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&amp;P 500SPX,-0.08%has advanced 10.6%.</p>","source":"market_watch","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>Zhangmen Education opens for trading at $17.74, up about 54% from IPO price</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\">\nZhangmen Education opens for trading at $17.74, up about 54% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial ...</p>\n\n<a href=\"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZME":"掌门教育"},"source_url":"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1150047118","content_text":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&P 500SPX,-0.08%has advanced 10.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114779635,"gmtCreate":1623108363127,"gmtModify":1704196059529,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BIIB\">$Biogen(BIIB)$</a>Please comment and like. Thank you.","listText":"<a href=\"https://laohu8.com/S/BIIB\">$Biogen(BIIB)$</a>Please comment and like. Thank you.","text":"$Biogen(BIIB)$Please comment and like. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114779635","isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114674053,"gmtCreate":1623074223872,"gmtModify":1704195520286,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you.","listText":"Please like and comment. Thank you.","text":"Please like and comment. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/114674053","repostId":"1126396501","repostType":4,"repost":{"id":"1126396501","pubTimestamp":1623066356,"share":"https://ttm.financial/m/news/1126396501?lang=&edition=fundamental","pubTime":"2021-06-07 19:45","market":"us","language":"en","title":"Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded","url":"https://stock-news.laohu8.com/highlight/detail?id=1126396501","media":"cnbc","summary":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minim","content":"<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded</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\">\nAmazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">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","AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1126396501","content_text":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Amazon, Facebook and Google have all welcomed the historic agreement.The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday.The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Looking ahead, the G-7 hopes to achieve a wider agreement on the new tax proposals next month at a gathering of the expanded G-20 finance ministers.Asked whetherAmazonandFacebookwould be among the companies targeted by the proposal, U.S. Treasury Secretary Janet Yellen said she believes they would \"qualify by almost any definition.\"Here's how America's tech giants reacted to the news:AmazonAmazon said the agreement \"marks a welcome step forward\" in efforts to \"bring stability to the international tax system.\"\"We hope to see discussions continue to advance with the broader G20 and Inclusive Framework alliance,\" an Amazon spokesperson told CNBC by email.FacebookNick Clegg, Facebook's vice president for global affairs, welcomed the G-7 deal and said the social networking giant \"has long called for reform of the global tax rules.\"The agreement is a \"significant first step towards certainty for businesses and strengthening public confidence in the global tax system,\" Clegg tweeted Saturday.\"We want the international tax reform process to succeed and recognize this could mean Facebook paying more tax, and in different places.\"GoogleA spokesperson forGoogletold Sky Newsthat the company strongly supported the initiative and hoped for a \"balanced and durable\" agreement.Applewasn't immediately available for a comment on the G-7 agreement when contacted by CNBC.The tech tax debateTech giants have long been criticized for paying little in taxes despite their size. Amazon and other companies have been accused of avoiding tax by shifting revenue and profits through tax havens or low-tax countries. The companies insist they’re doing nothing wrong from a legal standpoint, which is why policymakers are calling for reforms.Amazon infamously paid no U.S. federal income tax in 2018, despite booking more than $11 billion in profits. The low tax bill stemmed largely from tax cuts in 2017, carryforward losses from years when the company wasn’t profitable, and tax credits for massive research and development investment and share-based employee compensation.Some countries, such as Britain, France and Italy, have introduced a digital services tax in an effort to rake in more cash from large tech firms. The aim was to implement a solution for the interim while global officials hash out details for international tax rules.But this has led to friction with the United States, which under President Donald Trump’s administration threatened to impose tariffs on French goods over the issue.Meanwhile, some analysts have argued the dealdoesn’t go far enough, while others said there was a long road ahead.George Dibb, head of the Centre for Economic Justice at the London-based Institute for Public Policy Research (IPPR), described the deal as a “major step forward,” but said there were still “big questions” surrounding the minimum tax level.“We would like to see something a lot closer to 25%,” he told CNBC Monday.“The Biden administration came into these negotiations with an opening offer of 21% but I think the big fight at the G-7 over Friday and Saturday was over the wording, about whether it would say ’15%′ or ‘at least 15%’ and because we have that wording now of ‘at least 15%’ the door is still open for negotiation,” he told Squawk Box Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574678811787226","authorId":"3574678811787226","name":"Sleepybear","avatar":"https://static.tigerbbs.com/f41ffbbaf78e15d931fd8d15b528e608","crmLevel":3,"crmLevelSwitch":0,"idStr":"3574678811787226","authorIdStr":"3574678811787226"},"content":"Please do rhe same","text":"Please do rhe same","html":"Please do rhe same"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114610432,"gmtCreate":1623071898326,"gmtModify":1704195426797,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you.","listText":"Please like and comment. Thank you.","text":"Please like and comment. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/114610432","repostId":"1126396501","repostType":4,"repost":{"id":"1126396501","pubTimestamp":1623066356,"share":"https://ttm.financial/m/news/1126396501?lang=&edition=fundamental","pubTime":"2021-06-07 19:45","market":"us","language":"en","title":"Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded","url":"https://stock-news.laohu8.com/highlight/detail?id=1126396501","media":"cnbc","summary":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minim","content":"<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded</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\">\nAmazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">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","AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1126396501","content_text":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Amazon, Facebook and Google have all welcomed the historic agreement.The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday.The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Looking ahead, the G-7 hopes to achieve a wider agreement on the new tax proposals next month at a gathering of the expanded G-20 finance ministers.Asked whetherAmazonandFacebookwould be among the companies targeted by the proposal, U.S. Treasury Secretary Janet Yellen said she believes they would \"qualify by almost any definition.\"Here's how America's tech giants reacted to the news:AmazonAmazon said the agreement \"marks a welcome step forward\" in efforts to \"bring stability to the international tax system.\"\"We hope to see discussions continue to advance with the broader G20 and Inclusive Framework alliance,\" an Amazon spokesperson told CNBC by email.FacebookNick Clegg, Facebook's vice president for global affairs, welcomed the G-7 deal and said the social networking giant \"has long called for reform of the global tax rules.\"The agreement is a \"significant first step towards certainty for businesses and strengthening public confidence in the global tax system,\" Clegg tweeted Saturday.\"We want the international tax reform process to succeed and recognize this could mean Facebook paying more tax, and in different places.\"GoogleA spokesperson forGoogletold Sky Newsthat the company strongly supported the initiative and hoped for a \"balanced and durable\" agreement.Applewasn't immediately available for a comment on the G-7 agreement when contacted by CNBC.The tech tax debateTech giants have long been criticized for paying little in taxes despite their size. Amazon and other companies have been accused of avoiding tax by shifting revenue and profits through tax havens or low-tax countries. The companies insist they’re doing nothing wrong from a legal standpoint, which is why policymakers are calling for reforms.Amazon infamously paid no U.S. federal income tax in 2018, despite booking more than $11 billion in profits. The low tax bill stemmed largely from tax cuts in 2017, carryforward losses from years when the company wasn’t profitable, and tax credits for massive research and development investment and share-based employee compensation.Some countries, such as Britain, France and Italy, have introduced a digital services tax in an effort to rake in more cash from large tech firms. The aim was to implement a solution for the interim while global officials hash out details for international tax rules.But this has led to friction with the United States, which under President Donald Trump’s administration threatened to impose tariffs on French goods over the issue.Meanwhile, some analysts have argued the dealdoesn’t go far enough, while others said there was a long road ahead.George Dibb, head of the Centre for Economic Justice at the London-based Institute for Public Policy Research (IPPR), described the deal as a “major step forward,” but said there were still “big questions” surrounding the minimum tax level.“We would like to see something a lot closer to 25%,” he told CNBC Monday.“The Biden administration came into these negotiations with an opening offer of 21% but I think the big fight at the G-7 over Friday and Saturday was over the wording, about whether it would say ’15%′ or ‘at least 15%’ and because we have that wording now of ‘at least 15%’ the door is still open for negotiation,” he told Squawk Box Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114634959,"gmtCreate":1623071749071,"gmtModify":1704195423072,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comments. Thank you.","listText":"Please like and comments. Thank you.","text":"Please like and comments. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114634959","repostId":"1122556332","repostType":4,"repost":{"id":"1122556332","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":1623066392,"share":"https://ttm.financial/m/news/1122556332?lang=&edition=fundamental","pubTime":"2021-06-07 19:46","market":"us","language":"en","title":"Toplines Before US Market Open on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1122556332","media":"Tiger Newspress","summary":"U.S. stock futures were relatively flat Monday after theDow Jones Industrial Average, S&P 500 and Na","content":"<ul><li>U.S. stock futures&nbsp;were relatively flat Monday after theDow Jones Industrial Average, S&amp;P 500 and Nasdaq rallied on Friday.</li><li>AMC shares muted after skyrocketing in a wild trading week</li><li>Tesla dropped in premarket trading after canceling plans for a longer-range sedan.</li></ul><p>(June 7)&nbsp;U.S. equity-index futures were mixed, paring earlier losses, as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. Treasuries fell, while the dollar erased a gain.</p><p>Futures on the Nasdaq 100 declined, while contracts on S&amp;P 500 and Dow Jones Industrial Average were little changed.</p><p>At 7:48 a.m. ET, Dow e-minis were up 29 points, or 0.08%, S&amp;P 500 e-minis were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.</p><p><img src=\"https://static.tigerbbs.com/7809f0cc561549e03bb88eba51a7637a\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p><b>Investors were wary how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%,</b> although securing approval not to mention enforcement from the whole G20 could be a tall order. So far, the reaction was muted with Nasdaq futures down 0.4%, highlighting investor concern that a pure growth narrative may no longer be enough to support stocks. Technology shares underperformed in Europe as well, with the benchmark gauge for the sector falling from the highest level since April.</p><p>“I would assume that it (the tax deal) is not helping the market in the sense that these Internet giants are going to be taxed more....it has an impact on sentiment in equity markets, but the reality is it has already been priced in,” said Sebastien Galy, senior macro strategist at Nordea Asset Management. “So even though equity markets in the U.S. are under pressure on the futures side, I’d expect it not to last till the end of the day.”</p><p><b>Tesla fell 0.34</b>% in&nbsp;premarket&nbsp;trading,&nbsp;after Chief Executive Officer Elon Musk tweeted on Sunday the Model S Plaid+ will be canceled.</p><p><img src=\"https://static.tigerbbs.com/da04a6ee3c5f4dd4a76857103639e610\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\">Shares of&nbsp;AMC Entertainmentwere muted in Monday's premarket after in a wild week that saw the stock surge more than 80% despite declines Thursday and Friday. The movie theater chain last week sold addition shares in two tranches,raising some $817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company wants to issue an additional 25 million shares.</p><p><img src=\"https://static.tigerbbs.com/154a049f1c3b5f5352fb2aac7a6fc6c6\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p><p>The 10-year rate added two basis points after Treasury Secretary Janet Yellen said on Sunday a slightly higher interest-rate environment would be a plus.</p><p>Oil in New York slipped after rising to $70 per barrel as short-term demand worries continued.</p><p>Bitcoin rebounded above $36,500 after a roller-coaster ride over the weekend amid a cryptocurrency crackdown in China.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – CEO Jeff Bezos announced that he and his brother Markwill join an auction winneraboard the first human spaceflight by Bezos' Blue Origin on July 20. Bezos is set to step down as Amazon CEO on July 5 in favor of Andy Jassy.</p><p><b>2)&nbsp;U.S. Concrete(USCR) </b>– The concrete supplier agreed to be bought by construction materials makerVulcan Materials(VMC) for $74 per share in cash, or about $1.29 billion. That's a nearly 30% premium over U.S. Concrete's Friday closing price of $57.14. U.S. Concrete shares soared 27.7% in premarket action.</p><p><b>3)&nbsp;G-III Apparel(GIII) </b>– The apparel maker reported quarterly earnings of 53 cents per share, compared to a 15 cents a share consensus estimate. Revenue also came in above Wall Street forecasts. G-III issued an upbeat full-year outlook as well, noting growth in sales of its sportswear and wear-to-work attire. Its shares rallied 5.8% in premarket trading.</p><p><b>4)&nbsp;Blackstone(BX),Carlyle Group(CG) </b>– The two private-equity firms, along with Hellman &amp; Friedman, agreed to buy medical supplies company Medline Industries for about $34 billion including debt, according to people familiar with the matter who spoke to The Wall Street Journal. That would be the largest leveraged buyout deal since the 2008 financial crisis. Separately, the Journal reports that Blackstone will announce a deal to buy data center operatorQTS Realty Trust(QTS) for $6.7 billion. QTS shares leaped 19.8% in the premarket.</p><p><b>5)&nbsp;“Meme” stocks</b> – These stocks will remain in the spotlight, after wide swings last week for the likes ofAMC Entertainment(AMC),Bed Bath &amp; Beyond(BBBY),GameStop(GME),BlackBerry(BB) andKoss Corp(KOSS). The biggest premarket moves came from BlackBerry, up 1.4% and Koss, down 2.7%.</p><p><b>6)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown Motors received a delinquency notice from Nasdaq due to a late filing for its quarterly report. The electric vehicle company said it does intend to file its form 10-Q as soon as possible.</p><p><b>7)&nbsp;Biogen(BIIB) </b>– The drugmaker’s shares gained 2.2% in the premarket ahead of an expected ruling by the Food and Drug Administration on Biogen’s experimental Alzheimer’s treatment aducanumab. The drug would be the first major drug approved for Alzheimer’s, but some experts say there’s not enough evidence the treatment provides meaningful benefit.</p><p><b>8)&nbsp;Tesla(TSLA) </b>– Teslahas canceled productionof its planned Tesla Model S Plaid+, a high-end version of the Model S with a projected range of 520 miles. The Tesla Model S Plaid – with a projected range of 390 miles – is set to be released next week.</p><p><b>9)&nbsp;Microsoft(MSFT) </b>– Microsoft won approval from U.S. antitrust regulators for its $16 billion deal to buy artificial intelligence companyNuance Communications(NUAN). Microsoft said reviews are still taking place in other jurisdictions, but that it expected to close the deal by the end of 2021.</p><p><b>10)&nbsp;KKR(KKR)</b> – KKR will buy airport services company Atlantic Aviation from current ownerMacquarie Infrastructure(MIC) for nearly $4.5 billion, seeking to benefit from growing demand for private jet services. KKR added 1.5% in premarket action.</p><p><b>11)&nbsp;Visa(V)</b> – Visa was upgraded to “overweight” from “neutral” at Piper Sandler, which said it expected the payments network operator to benefit more from the vaccine-driven U.S. recovery than rivalMastercard(MA). Visa added 1.1% in the premarket.</p><p><b>12)&nbsp;Peloton(PTON) </b>– The fitness equipment maker was rated “buy” in new coverage at Loop Capital, which notes a 40% drop from January highs and an expectation that the financial impact of the company’s treadmill recalls is likely overstated. Peloton rose 1.2% in premarket trading.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Monday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-07 19:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>U.S. stock futures&nbsp;were relatively flat Monday after theDow Jones Industrial Average, S&amp;P 500 and Nasdaq rallied on Friday.</li><li>AMC shares muted after skyrocketing in a wild trading week</li><li>Tesla dropped in premarket trading after canceling plans for a longer-range sedan.</li></ul><p>(June 7)&nbsp;U.S. equity-index futures were mixed, paring earlier losses, as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. Treasuries fell, while the dollar erased a gain.</p><p>Futures on the Nasdaq 100 declined, while contracts on S&amp;P 500 and Dow Jones Industrial Average were little changed.</p><p>At 7:48 a.m. ET, Dow e-minis were up 29 points, or 0.08%, S&amp;P 500 e-minis were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.</p><p><img src=\"https://static.tigerbbs.com/7809f0cc561549e03bb88eba51a7637a\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p><b>Investors were wary how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%,</b> although securing approval not to mention enforcement from the whole G20 could be a tall order. So far, the reaction was muted with Nasdaq futures down 0.4%, highlighting investor concern that a pure growth narrative may no longer be enough to support stocks. Technology shares underperformed in Europe as well, with the benchmark gauge for the sector falling from the highest level since April.</p><p>“I would assume that it (the tax deal) is not helping the market in the sense that these Internet giants are going to be taxed more....it has an impact on sentiment in equity markets, but the reality is it has already been priced in,” said Sebastien Galy, senior macro strategist at Nordea Asset Management. “So even though equity markets in the U.S. are under pressure on the futures side, I’d expect it not to last till the end of the day.”</p><p><b>Tesla fell 0.34</b>% in&nbsp;premarket&nbsp;trading,&nbsp;after Chief Executive Officer Elon Musk tweeted on Sunday the Model S Plaid+ will be canceled.</p><p><img src=\"https://static.tigerbbs.com/da04a6ee3c5f4dd4a76857103639e610\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\">Shares of&nbsp;AMC Entertainmentwere muted in Monday's premarket after in a wild week that saw the stock surge more than 80% despite declines Thursday and Friday. The movie theater chain last week sold addition shares in two tranches,raising some $817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company wants to issue an additional 25 million shares.</p><p><img src=\"https://static.tigerbbs.com/154a049f1c3b5f5352fb2aac7a6fc6c6\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p><p>The 10-year rate added two basis points after Treasury Secretary Janet Yellen said on Sunday a slightly higher interest-rate environment would be a plus.</p><p>Oil in New York slipped after rising to $70 per barrel as short-term demand worries continued.</p><p>Bitcoin rebounded above $36,500 after a roller-coaster ride over the weekend amid a cryptocurrency crackdown in China.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – CEO Jeff Bezos announced that he and his brother Markwill join an auction winneraboard the first human spaceflight by Bezos' Blue Origin on July 20. Bezos is set to step down as Amazon CEO on July 5 in favor of Andy Jassy.</p><p><b>2)&nbsp;U.S. Concrete(USCR) </b>– The concrete supplier agreed to be bought by construction materials makerVulcan Materials(VMC) for $74 per share in cash, or about $1.29 billion. That's a nearly 30% premium over U.S. Concrete's Friday closing price of $57.14. U.S. Concrete shares soared 27.7% in premarket action.</p><p><b>3)&nbsp;G-III Apparel(GIII) </b>– The apparel maker reported quarterly earnings of 53 cents per share, compared to a 15 cents a share consensus estimate. Revenue also came in above Wall Street forecasts. G-III issued an upbeat full-year outlook as well, noting growth in sales of its sportswear and wear-to-work attire. Its shares rallied 5.8% in premarket trading.</p><p><b>4)&nbsp;Blackstone(BX),Carlyle Group(CG) </b>– The two private-equity firms, along with Hellman &amp; Friedman, agreed to buy medical supplies company Medline Industries for about $34 billion including debt, according to people familiar with the matter who spoke to The Wall Street Journal. That would be the largest leveraged buyout deal since the 2008 financial crisis. Separately, the Journal reports that Blackstone will announce a deal to buy data center operatorQTS Realty Trust(QTS) for $6.7 billion. QTS shares leaped 19.8% in the premarket.</p><p><b>5)&nbsp;“Meme” stocks</b> – These stocks will remain in the spotlight, after wide swings last week for the likes ofAMC Entertainment(AMC),Bed Bath &amp; Beyond(BBBY),GameStop(GME),BlackBerry(BB) andKoss Corp(KOSS). The biggest premarket moves came from BlackBerry, up 1.4% and Koss, down 2.7%.</p><p><b>6)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown Motors received a delinquency notice from Nasdaq due to a late filing for its quarterly report. The electric vehicle company said it does intend to file its form 10-Q as soon as possible.</p><p><b>7)&nbsp;Biogen(BIIB) </b>– The drugmaker’s shares gained 2.2% in the premarket ahead of an expected ruling by the Food and Drug Administration on Biogen’s experimental Alzheimer’s treatment aducanumab. The drug would be the first major drug approved for Alzheimer’s, but some experts say there’s not enough evidence the treatment provides meaningful benefit.</p><p><b>8)&nbsp;Tesla(TSLA) </b>– Teslahas canceled productionof its planned Tesla Model S Plaid+, a high-end version of the Model S with a projected range of 520 miles. The Tesla Model S Plaid – with a projected range of 390 miles – is set to be released next week.</p><p><b>9)&nbsp;Microsoft(MSFT) </b>– Microsoft won approval from U.S. antitrust regulators for its $16 billion deal to buy artificial intelligence companyNuance Communications(NUAN). Microsoft said reviews are still taking place in other jurisdictions, but that it expected to close the deal by the end of 2021.</p><p><b>10)&nbsp;KKR(KKR)</b> – KKR will buy airport services company Atlantic Aviation from current ownerMacquarie Infrastructure(MIC) for nearly $4.5 billion, seeking to benefit from growing demand for private jet services. KKR added 1.5% in premarket action.</p><p><b>11)&nbsp;Visa(V)</b> – Visa was upgraded to “overweight” from “neutral” at Piper Sandler, which said it expected the payments network operator to benefit more from the vaccine-driven U.S. recovery than rivalMastercard(MA). Visa added 1.1% in the premarket.</p><p><b>12)&nbsp;Peloton(PTON) </b>– The fitness equipment maker was rated “buy” in new coverage at Loop Capital, which notes a 40% drop from January highs and an expectation that the financial impact of the company’s treadmill recalls is likely overstated. Peloton rose 1.2% in premarket trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122556332","content_text":"U.S. stock futures were relatively flat Monday after theDow Jones Industrial Average, S&P 500 and Nasdaq rallied on Friday.AMC shares muted after skyrocketing in a wild trading weekTesla dropped in premarket trading after canceling plans for a longer-range sedan.(June 7) U.S. equity-index futures were mixed, paring earlier losses, as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. Treasuries fell, while the dollar erased a gain.Futures on the Nasdaq 100 declined, while contracts on S&P 500 and Dow Jones Industrial Average were little changed.At 7:48 a.m. ET, Dow e-minis were up 29 points, or 0.08%, S&P 500 e-minis were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.Investors were wary how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%, although securing approval not to mention enforcement from the whole G20 could be a tall order. So far, the reaction was muted with Nasdaq futures down 0.4%, highlighting investor concern that a pure growth narrative may no longer be enough to support stocks. Technology shares underperformed in Europe as well, with the benchmark gauge for the sector falling from the highest level since April.“I would assume that it (the tax deal) is not helping the market in the sense that these Internet giants are going to be taxed more....it has an impact on sentiment in equity markets, but the reality is it has already been priced in,” said Sebastien Galy, senior macro strategist at Nordea Asset Management. “So even though equity markets in the U.S. are under pressure on the futures side, I’d expect it not to last till the end of the day.”Tesla fell 0.34% in premarket trading, after Chief Executive Officer Elon Musk tweeted on Sunday the Model S Plaid+ will be canceled.Shares of AMC Entertainmentwere muted in Monday's premarket after in a wild week that saw the stock surge more than 80% despite declines Thursday and Friday. The movie theater chain last week sold addition shares in two tranches,raising some $817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company wants to issue an additional 25 million shares.The 10-year rate added two basis points after Treasury Secretary Janet Yellen said on Sunday a slightly higher interest-rate environment would be a plus.Oil in New York slipped after rising to $70 per barrel as short-term demand worries continued.Bitcoin rebounded above $36,500 after a roller-coaster ride over the weekend amid a cryptocurrency crackdown in China.Stocks making the biggest moves in the premarket:1) Amazon.com(AMZN) – CEO Jeff Bezos announced that he and his brother Markwill join an auction winneraboard the first human spaceflight by Bezos' Blue Origin on July 20. Bezos is set to step down as Amazon CEO on July 5 in favor of Andy Jassy.2) U.S. Concrete(USCR) – The concrete supplier agreed to be bought by construction materials makerVulcan Materials(VMC) for $74 per share in cash, or about $1.29 billion. That's a nearly 30% premium over U.S. Concrete's Friday closing price of $57.14. U.S. Concrete shares soared 27.7% in premarket action.3) G-III Apparel(GIII) – The apparel maker reported quarterly earnings of 53 cents per share, compared to a 15 cents a share consensus estimate. Revenue also came in above Wall Street forecasts. G-III issued an upbeat full-year outlook as well, noting growth in sales of its sportswear and wear-to-work attire. Its shares rallied 5.8% in premarket trading.4) Blackstone(BX),Carlyle Group(CG) – The two private-equity firms, along with Hellman & Friedman, agreed to buy medical supplies company Medline Industries for about $34 billion including debt, according to people familiar with the matter who spoke to The Wall Street Journal. That would be the largest leveraged buyout deal since the 2008 financial crisis. Separately, the Journal reports that Blackstone will announce a deal to buy data center operatorQTS Realty Trust(QTS) for $6.7 billion. QTS shares leaped 19.8% in the premarket.5) “Meme” stocks – These stocks will remain in the spotlight, after wide swings last week for the likes ofAMC Entertainment(AMC),Bed Bath & Beyond(BBBY),GameStop(GME),BlackBerry(BB) andKoss Corp(KOSS). The biggest premarket moves came from BlackBerry, up 1.4% and Koss, down 2.7%.6) Lordstown Motors(RIDE) – Lordstown Motors received a delinquency notice from Nasdaq due to a late filing for its quarterly report. The electric vehicle company said it does intend to file its form 10-Q as soon as possible.7) Biogen(BIIB) – The drugmaker’s shares gained 2.2% in the premarket ahead of an expected ruling by the Food and Drug Administration on Biogen’s experimental Alzheimer’s treatment aducanumab. The drug would be the first major drug approved for Alzheimer’s, but some experts say there’s not enough evidence the treatment provides meaningful benefit.8) Tesla(TSLA) – Teslahas canceled productionof its planned Tesla Model S Plaid+, a high-end version of the Model S with a projected range of 520 miles. The Tesla Model S Plaid – with a projected range of 390 miles – is set to be released next week.9) Microsoft(MSFT) – Microsoft won approval from U.S. antitrust regulators for its $16 billion deal to buy artificial intelligence companyNuance Communications(NUAN). Microsoft said reviews are still taking place in other jurisdictions, but that it expected to close the deal by the end of 2021.10) KKR(KKR) – KKR will buy airport services company Atlantic Aviation from current ownerMacquarie Infrastructure(MIC) for nearly $4.5 billion, seeking to benefit from growing demand for private jet services. KKR added 1.5% in premarket action.11) Visa(V) – Visa was upgraded to “overweight” from “neutral” at Piper Sandler, which said it expected the payments network operator to benefit more from the vaccine-driven U.S. recovery than rivalMastercard(MA). Visa added 1.1% in the premarket.12) Peloton(PTON) – The fitness equipment maker was rated “buy” in new coverage at Loop Capital, which notes a 40% drop from January highs and an expectation that the financial impact of the company’s treadmill recalls is likely overstated. Peloton rose 1.2% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115951843,"gmtCreate":1622947632682,"gmtModify":1704193589017,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you.","listText":"Please like and comment. Thank you.","text":"Please like and comment. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/115951843","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","pubTimestamp":1622855773,"share":"https://ttm.financial/m/news/1106312903?lang=&edition=fundamental","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p>\n<ul>\n <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>\n <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>\n <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li>\n</ul>\n<p>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p>\n<p>Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","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>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO</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\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MQ":"Marqeta, Inc.","DIBS":"1stdibs.com Inc.","TASK":"TaskUs Inc.","ZME":"掌门教育","BZ":"BOSS直聘",".DJI":"道琼斯","LFST":"LifeStance Health Group, Inc.",".IXIC":"NASDAQ Composite","ZETA":"Zeta Global Holdings Corp.",".SPX":"S&P 500 Index","MNDY":"Monday.com Ltd."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118476084,"gmtCreate":1622760000448,"gmtModify":1704190466787,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and commented. Thank you.","listText":"Please like and commented. Thank you.","text":"Please like and commented. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/118476084","repostId":"1171251318","repostType":4,"repost":{"id":"1171251318","pubTimestamp":1622733765,"share":"https://ttm.financial/m/news/1171251318?lang=&edition=fundamental","pubTime":"2021-06-03 23:22","market":"hk","language":"en","title":"JD.com: Its Business Model Is Deserving Of Its Current Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1171251318","media":"seekingalpha","summary":"Summary\n\nJD is often branded as the most “undervalued” stock of all its e-commerce peers by growth a","content":"<p><b>Summary</b></p>\n<ul>\n <li>JD is often branded as the most “undervalued” stock of all its e-commerce peers by growth and value investors alike.</li>\n <li>Even though the company’s revenue growth rates have impressed, its operating performances have not really been on par.</li>\n <li>I discuss why JD’s current valuations reflect the reality of its business model, and what growth and value investors should focus on to value the company.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bc39a30a57f05b994781d4a3a51c0de\" tg-width=\"1536\" tg-height=\"1092\"><span>Photo by Kevin Frayer/Getty Images News via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>JD.com's (JD) low EV/Revenue multiples have often baffled growth and value investors. The relatively high revenue growth rates that the investors have grown accustomed to in the rapidly expanding Chinese e-commerce market has not cascaded down to its market cap as compared to its peers. I attempt to present my opinion on why JD may have exhibited a high revenue growth profile, but not necessarily the operating performances to match its peers.</p>\n<p><b>JD's Incredibly Low Revenue Multiples</b></p>\n<p>The company has often been compared to Amazon (AMZN) in its early days or even compared to Shopify (SHOP) for having a revenue multiple that's way lower, and therefore implying a better buy.</p>\n<p>However when I looked under the hood into JD's business model and its operating performances, I found enough underlying weaknesses in JD's business model that perhaps indicate why the market continues to value JD at such low multiples despite having posted impressive growth rates.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd8c028415efa231c377fb5f68a00858\" tg-width=\"1280\" tg-height=\"844\"><span>LTM Revenue Growth &amp; Price / LTM Sales. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>As we can see from the chart above, JD has posted remarkable YoY revenue growth rates for the last 5 years, the \"slowest\" one being 22.7%. In fact, JD's LTM revenue growth rate has been accelerating recently, reaching 33.3% at the recent quarter. Despite that, its EV / LTM Rev multiple has consistently been under 1.1x, marking its strong appeal as a \"cheap\" growth stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5429847bb5cdb8de25028528ae70f6a\" tg-width=\"1280\" tg-height=\"811\"><span>Price/LTM Sales Percentile. Source: Tiger Brokers</span></p>\n<p>In fact, JD's Price/LTM sales is currently at the 32nd percentile when we compare its multiples over the last 5 years, potentially even creating opportunities for value investors who may be on the lookout for a \"next Amazon\" type of stock that is selling for a real bargain now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a33a3a8b9c3f7cfd6393fb14a77852c\" tg-width=\"1280\" tg-height=\"776\"><span>JD and AMZN Market Cap, LTM Revenue, Revenue 3Y CAGR, EV / LTM Rev. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>A quick glance over to Alibaba's (BABA) metrics unveil some interesting observations. Even though BABA's market cap is close to 5x that of JD's, BABA actually reported a lower LTM revenue (89% of JD's LTM revenue) than JD. In fact, BABA has reported lower revenue figures than JD over the last 5 years (see chart below). Both BABA and JD are revenue growth machines, with BABA's 3Y CAGR of 42% and JD's 3Y CAGR of 27.2%. Despite JD's impressive revenue growth, BABA is valued at 5.5x more than JD here based on their respective revenue multiples, which therefore raises the question of whether the market has unreasonably valued JD too low than what it actually deserves?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09064245a10bfce0ca518de2ba958e28\" tg-width=\"1280\" tg-height=\"774\"><span>BABA &amp; JD LTM Revenue Trend. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7ad67e5be6dba93461b1cb1813d0aa8\" tg-width=\"1257\" tg-height=\"474\"><span>JD Annual Active Customer Count. Data Source: Company Filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b156a6b3eb509a01ef58375a4d035718\" tg-width=\"600\" tg-height=\"371\"><span>JD Annual Active Customer YoY Growth. Data Source: Company Filings</span></p>\n<p>In fact, JD has been improving its active customer growth since Q3'19 as prior to that, JD had in fact suffered dramatic declines over multiple consecutive quarters of slowing customer growth. This coincided with the company's foray into&nbsp;Jingxi in 2019, which is the company's answer to Pinduoduo (PDD). The management also emphasized that: \"In the past 12 months, we gained 112 million new active users, with over&nbsp;80% coming from lower-tier markets.\" Therefore quite clearly, Jingxi's customer growth has been the impetus behind the strong quarters of ARPC growth for JD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16b3ae3a7907e114e3e3874b5f7d2851\" tg-width=\"962\" tg-height=\"595\"><span>JD Average Revenue Per Active Customer. Data Source: Company Filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a17b7b3775c0d8c1ab4b05856429210\" tg-width=\"600\" tg-height=\"371\"><span>JD Average Revenue Per Active Customer YoY Growth. Data Source: Company Filings</span></p>\n<p>When we zoomed into the company's average revenue per active customer metrics, we could see that the underlying growth (up 11.7% YoY at the recent quarter) has been relatively healthy as well while the company continues to scale up its customer growth through the lower-tier markets.</p>\n<p><b>Okay, then how does JD's Operating Performances look like?</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/365fbee247a722170a072c2dc2b83e38\" tg-width=\"1280\" tg-height=\"703\"><span>EBIT Margin, CFO Margin, FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>I had mentioned before in&nbsp;my article here&nbsp;for Coupang (CPNG), that for businesses that are potentially highly scalable such as JD's, we do not have to necessarily worry about the company's low operating margin business model as long as they are able to scale up quickly towards high FCF profitability. JD has always been operating with low operating margin (LTM EBIT margin of 1.2%), as that's the nature of its business model. Despite that, the company has still been able to generate relatively healthy FCF margins (LTM FCF margin 2.7%). Investors also shouldn't expect SaaS like FCF margins here as the business model is entirely different and JD is obviously going after those huge GMV growth. What we want to see though is whether the company is able to continue generating fast-growing and highly sustainable FCF moving forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b36f757fa706b6f349f44add10229761\" tg-width=\"1280\" tg-height=\"708\"><span>Peers Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/328507a06929411b3b72e85c8c8169b2\" tg-width=\"1280\" tg-height=\"693\"><span>Peers Projected Unlevered FCF 5Y CAGR. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>The problem arose when I tried to model JD's FCF growth moving forward. Quite clearly, JD does not seem to be able to improve its FCF margin strongly over time, with the projected FCF margins largely still in line with the historical ones.</p>\n<p>That isn't something that we would like to see in a growth stock. Moreover the company's projected FCF margins are simply too low to be even classified as a cash flow machine. When we compare JD with its peers, we can clearly see that all of them, including AMZN are projected to generate very strong FCF growth moving forward, with JD's 5Y CAGR of 19.4% coming in last here. JD doesn't seem to be able to leverage on its relatively fast revenue growth to expand its FCF generating prowess as compared to its peers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34da8b0865452a029c93f57dc8104697\" tg-width=\"1280\" tg-height=\"684\"><span>Non-Peers Projected Unlevered FCF 5Y CAGR &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>In order to help investors better understand what I mean, we can refer to the chart above to give an idea of what I meant as companies who are already in relatively stable growth stages with highly sustainable FCF margins as we model their FCF growth profile. It may be argued that Facebook (FB) is still a growth stock (but no longer as high growth as it once was) as it's still expected to generate relatively high FCF growth moving forward while commanding a remarkably high FCF margin as well. In addition, we could also see clearly that stable players often preferred by value investors such as Microsoft (MSFT), Qualcomm (QCOM) and Cisco (CSCO) are also expected to carry forward their high FCF margins moving forward. In contrast, JD's low 2.7% 5-year average FCF margin doesn't qualify it as a high quality stable stock for value investors to consider.</p>\n<p><b>What about JD's Growth Drivers?</b></p>\n<p>Now the interesting thing here is that JD has maintained that its business is still running at the \"high-growth\" stage as it emphasized:</p>\n<blockquote>\n First of all, we&nbsp;prioritize growth above the importance of profitabilitybecause across all of our business lines, we are still in the high-growth stage. But each segment or each business line is actually in a different development stage. So we have kind of a differentiated investment strategy. So for JD Retail, we still -- you can see that for the first quarter and in the past few quarters, they continue to maintain a high-growth rate.\n</blockquote>\n<p>The management also added that they would likely continue to benefit from improved economies of scale and operating leverage as they bank on the rapid expansion of JD's retail business, allowing the company to continue improving its long term profit margin over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8477039f4b9693704cbbaf64530da052\" tg-width=\"1280\" tg-height=\"706\"><span>JD LTM EBIT Margin &amp; Projected EBIT Margin, LTM Unlevered FCF Margin &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>In order to be clear of that, when I modelled JD's EBIT margin and FCF margin growth, I find it hard pressed to have agreement with the management's point of expecting sustained improvement in their operating performance over time as they scale up rapidly. First, the company is already coming off a very low base of EBIT (LTM EBIT margin: 1.2%) and FCF profitability (LTM Unlevered FCF margin: 0.8%), therefore I think it's not unreasonable to expect the company to post a significant improvement to its FCF profitability over time. However, as we can see above, those EBIT margin improvements don't really seem to cascade down to its FCF bottomline.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34fa89d4e61ac3e70091cc064b4dc51a\" tg-width=\"1280\" tg-height=\"626\"><span>JD Q1'21 Segment Revenue. Source:JD 6-K</span></p>\n<p>It's important to note that JD retail is the company's main revenue and profit driver, accounting for 91% of Q1'21 revenue, while also subsidizing the losses from its other segments (one of which was JD Logistics which has already been spun off recently). It's difficult to see how its forays into its new businesses can be reasonably sustained over time when they don't have a highly profitable cash flow driver in JD Retail.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85c510c5f8c49a1fde429fcbe1892c30\" tg-width=\"1280\" tg-height=\"704\"><span>AMZN EBIT Margin &amp; Projected EBIT Margin, Unlevered FCF Margin &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6dcf33c4272b764cbad4a64cca5bdbfd\" tg-width=\"1280\" tg-height=\"711\"><span>Sea Limited EBIT Margin &amp; Projected EBIT Margin, Unlevered FCF Margin &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>We could refer to the above charts to see how important it's to have highly profitable cash flow segments to drive its operating performances even as the companies continue to scale up: AMZN with its AWS segment, as well as Sea's (SE) Garena segment, which I had covered in a&nbsp;recent article here. This cash flow segments allow them to reinvest into its highly scalable e-commerce segments and over time significantly improve their overall cash flow and EBIT profile. JD's business model certainly doesn't have the luxury of relying on such a segment to drive its growth, and therefore it's reflected clearly in its operating performances moving forward.</p>\n<p><b>Valuations</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ec37dd8957f5cadcf9615fa414bb78d\" tg-width=\"1280\" tg-height=\"726\"><span>Peers Consensus Analysts Upside &amp; EV / FY+1 Rev. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>If we simply base off JD's expected revenue growth, there's little doubt that JD seems to be valued at fire sale prices now. However, as mentioned earlier in the article, JD has always been valued at very low EV / Rev multiples historically as compared to its peers. In addition, the Street also remains highly confident of JD's upside potential (35.6%) as compared to its peers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/56bd8f33da9baab688b59439b44a827b\" tg-width=\"1280\" tg-height=\"709\"><span>JD &amp; SE Ev / Fwd (EBITDA - CapEx) Trend. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>As I have emphasized earlier, using revenue figures to look at JD's growth potential may not accurately reflect the company's scalability potential. Here, we can see how SE's high potential to scale is clearly reflected in its FCF profile, where I use (EBITDA - CapEx) as a proxy here to remove the effects of lumpy working capital changes. SE's valuations are expected to come down significantly as it scales across South East Asia, generating lots of cash flow in the process. However, JD on the other hand doesn't seem to be quite as attractively valued as compared to SE when we project their growth rates forward.</p>\n<p><b>Price Action &amp; Technical Analysis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98b516b4268fe8418e750d8717769eaf\" tg-width=\"1280\" tg-height=\"798\"><span>Source: TradingView</span></p>\n<p>A silver lining here is that JD's long term uptrend remains intact despite the sell-off in Chinese stocks in Feb 21 that saw JD's stock price fall about 30% from its high. There are a few support levels that investors can focus on, most notably, the $70 support level that saw strong buying interest, as well as the $59 support level. The bulls are trying to retake the $79 support level which coincides with the dynamic resistance level marked by the 50-period MA at the moment. Therefore, investors who wish to add or initiate their positions may consider adding somewhere near the $70 level, and the $59 level if it retraces further, while avoiding adding near $79 in the near term.</p>\n<p>For Chinese stocks, the Chinese and U.S. regulators will likely remain as the most important near term risk that may cause further compressions in its stock prices. However, as a long term investor who is still bullish on JD, I don't see that as a risk per se, but instead as an opportunity to add further into stocks like JD who in my opinion is fairly valued, and not expensive. The more the stock falls in the future due to policy changes or stiff rules from Beijing or Washington, the more attractive it will get for long term investors who have yet to initiate a position.</p>\n<p><b>Wrapping it all up</b></p>\n<p>I'm a JD shareholder, and likely to remain so moving forward. What I had wanted to present in this article is to demonstrate why JD continues to trade at such low revenue multiples even as it continues to power ahead in its revenue growth. Investors should understand that although from the price action point of view JD I don't consider JD as a value trap, but I also don't consider JD as very attractive right now. It certainly deserves its current valuation and growth investors should taper their expectations in seeing the stock race ahead in the coming years.</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>JD.com: Its Business Model Is Deserving Of Its Current Valuation</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\">\nJD.com: Its Business Model Is Deserving Of Its Current Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432860-jd-com-business-model-deserving-current-valuation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nJD is often branded as the most “undervalued” stock of all its e-commerce peers by growth and value investors alike.\nEven though the company’s revenue growth rates have impressed, its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432860-jd-com-business-model-deserving-current-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"source_url":"https://seekingalpha.com/article/4432860-jd-com-business-model-deserving-current-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171251318","content_text":"Summary\n\nJD is often branded as the most “undervalued” stock of all its e-commerce peers by growth and value investors alike.\nEven though the company’s revenue growth rates have impressed, its operating performances have not really been on par.\nI discuss why JD’s current valuations reflect the reality of its business model, and what growth and value investors should focus on to value the company.\n\nPhoto by Kevin Frayer/Getty Images News via Getty Images\nInvestment Thesis\nJD.com's (JD) low EV/Revenue multiples have often baffled growth and value investors. The relatively high revenue growth rates that the investors have grown accustomed to in the rapidly expanding Chinese e-commerce market has not cascaded down to its market cap as compared to its peers. I attempt to present my opinion on why JD may have exhibited a high revenue growth profile, but not necessarily the operating performances to match its peers.\nJD's Incredibly Low Revenue Multiples\nThe company has often been compared to Amazon (AMZN) in its early days or even compared to Shopify (SHOP) for having a revenue multiple that's way lower, and therefore implying a better buy.\nHowever when I looked under the hood into JD's business model and its operating performances, I found enough underlying weaknesses in JD's business model that perhaps indicate why the market continues to value JD at such low multiples despite having posted impressive growth rates.\nLTM Revenue Growth & Price / LTM Sales. Data Source: S&P Global Market Intelligence\nAs we can see from the chart above, JD has posted remarkable YoY revenue growth rates for the last 5 years, the \"slowest\" one being 22.7%. In fact, JD's LTM revenue growth rate has been accelerating recently, reaching 33.3% at the recent quarter. Despite that, its EV / LTM Rev multiple has consistently been under 1.1x, marking its strong appeal as a \"cheap\" growth stock.\nPrice/LTM Sales Percentile. Source: Tiger Brokers\nIn fact, JD's Price/LTM sales is currently at the 32nd percentile when we compare its multiples over the last 5 years, potentially even creating opportunities for value investors who may be on the lookout for a \"next Amazon\" type of stock that is selling for a real bargain now.\nJD and AMZN Market Cap, LTM Revenue, Revenue 3Y CAGR, EV / LTM Rev. Data Source: S&P Global Market Intelligence\nA quick glance over to Alibaba's (BABA) metrics unveil some interesting observations. Even though BABA's market cap is close to 5x that of JD's, BABA actually reported a lower LTM revenue (89% of JD's LTM revenue) than JD. In fact, BABA has reported lower revenue figures than JD over the last 5 years (see chart below). Both BABA and JD are revenue growth machines, with BABA's 3Y CAGR of 42% and JD's 3Y CAGR of 27.2%. Despite JD's impressive revenue growth, BABA is valued at 5.5x more than JD here based on their respective revenue multiples, which therefore raises the question of whether the market has unreasonably valued JD too low than what it actually deserves?\nBABA & JD LTM Revenue Trend. Data Source: S&P Global Market Intelligence\nJD Annual Active Customer Count. Data Source: Company Filings\nJD Annual Active Customer YoY Growth. Data Source: Company Filings\nIn fact, JD has been improving its active customer growth since Q3'19 as prior to that, JD had in fact suffered dramatic declines over multiple consecutive quarters of slowing customer growth. This coincided with the company's foray into Jingxi in 2019, which is the company's answer to Pinduoduo (PDD). The management also emphasized that: \"In the past 12 months, we gained 112 million new active users, with over 80% coming from lower-tier markets.\" Therefore quite clearly, Jingxi's customer growth has been the impetus behind the strong quarters of ARPC growth for JD.\nJD Average Revenue Per Active Customer. Data Source: Company Filings\nJD Average Revenue Per Active Customer YoY Growth. Data Source: Company Filings\nWhen we zoomed into the company's average revenue per active customer metrics, we could see that the underlying growth (up 11.7% YoY at the recent quarter) has been relatively healthy as well while the company continues to scale up its customer growth through the lower-tier markets.\nOkay, then how does JD's Operating Performances look like?\nEBIT Margin, CFO Margin, FCF Margin. Data Source: S&P Global Market Intelligence\nI had mentioned before in my article here for Coupang (CPNG), that for businesses that are potentially highly scalable such as JD's, we do not have to necessarily worry about the company's low operating margin business model as long as they are able to scale up quickly towards high FCF profitability. JD has always been operating with low operating margin (LTM EBIT margin of 1.2%), as that's the nature of its business model. Despite that, the company has still been able to generate relatively healthy FCF margins (LTM FCF margin 2.7%). Investors also shouldn't expect SaaS like FCF margins here as the business model is entirely different and JD is obviously going after those huge GMV growth. What we want to see though is whether the company is able to continue generating fast-growing and highly sustainable FCF moving forward.\nPeers Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nPeers Projected Unlevered FCF 5Y CAGR. Data Source: S&P Global Market Intelligence\nThe problem arose when I tried to model JD's FCF growth moving forward. Quite clearly, JD does not seem to be able to improve its FCF margin strongly over time, with the projected FCF margins largely still in line with the historical ones.\nThat isn't something that we would like to see in a growth stock. Moreover the company's projected FCF margins are simply too low to be even classified as a cash flow machine. When we compare JD with its peers, we can clearly see that all of them, including AMZN are projected to generate very strong FCF growth moving forward, with JD's 5Y CAGR of 19.4% coming in last here. JD doesn't seem to be able to leverage on its relatively fast revenue growth to expand its FCF generating prowess as compared to its peers.\nNon-Peers Projected Unlevered FCF 5Y CAGR & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nIn order to help investors better understand what I mean, we can refer to the chart above to give an idea of what I meant as companies who are already in relatively stable growth stages with highly sustainable FCF margins as we model their FCF growth profile. It may be argued that Facebook (FB) is still a growth stock (but no longer as high growth as it once was) as it's still expected to generate relatively high FCF growth moving forward while commanding a remarkably high FCF margin as well. In addition, we could also see clearly that stable players often preferred by value investors such as Microsoft (MSFT), Qualcomm (QCOM) and Cisco (CSCO) are also expected to carry forward their high FCF margins moving forward. In contrast, JD's low 2.7% 5-year average FCF margin doesn't qualify it as a high quality stable stock for value investors to consider.\nWhat about JD's Growth Drivers?\nNow the interesting thing here is that JD has maintained that its business is still running at the \"high-growth\" stage as it emphasized:\n\n First of all, we prioritize growth above the importance of profitabilitybecause across all of our business lines, we are still in the high-growth stage. But each segment or each business line is actually in a different development stage. So we have kind of a differentiated investment strategy. So for JD Retail, we still -- you can see that for the first quarter and in the past few quarters, they continue to maintain a high-growth rate.\n\nThe management also added that they would likely continue to benefit from improved economies of scale and operating leverage as they bank on the rapid expansion of JD's retail business, allowing the company to continue improving its long term profit margin over time.\nJD LTM EBIT Margin & Projected EBIT Margin, LTM Unlevered FCF Margin & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nIn order to be clear of that, when I modelled JD's EBIT margin and FCF margin growth, I find it hard pressed to have agreement with the management's point of expecting sustained improvement in their operating performance over time as they scale up rapidly. First, the company is already coming off a very low base of EBIT (LTM EBIT margin: 1.2%) and FCF profitability (LTM Unlevered FCF margin: 0.8%), therefore I think it's not unreasonable to expect the company to post a significant improvement to its FCF profitability over time. However, as we can see above, those EBIT margin improvements don't really seem to cascade down to its FCF bottomline.\nJD Q1'21 Segment Revenue. Source:JD 6-K\nIt's important to note that JD retail is the company's main revenue and profit driver, accounting for 91% of Q1'21 revenue, while also subsidizing the losses from its other segments (one of which was JD Logistics which has already been spun off recently). It's difficult to see how its forays into its new businesses can be reasonably sustained over time when they don't have a highly profitable cash flow driver in JD Retail.\nAMZN EBIT Margin & Projected EBIT Margin, Unlevered FCF Margin & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nSea Limited EBIT Margin & Projected EBIT Margin, Unlevered FCF Margin & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nWe could refer to the above charts to see how important it's to have highly profitable cash flow segments to drive its operating performances even as the companies continue to scale up: AMZN with its AWS segment, as well as Sea's (SE) Garena segment, which I had covered in a recent article here. This cash flow segments allow them to reinvest into its highly scalable e-commerce segments and over time significantly improve their overall cash flow and EBIT profile. JD's business model certainly doesn't have the luxury of relying on such a segment to drive its growth, and therefore it's reflected clearly in its operating performances moving forward.\nValuations\nPeers Consensus Analysts Upside & EV / FY+1 Rev. Data Source: S&P Global Market Intelligence\nIf we simply base off JD's expected revenue growth, there's little doubt that JD seems to be valued at fire sale prices now. However, as mentioned earlier in the article, JD has always been valued at very low EV / Rev multiples historically as compared to its peers. In addition, the Street also remains highly confident of JD's upside potential (35.6%) as compared to its peers.\nJD & SE Ev / Fwd (EBITDA - CapEx) Trend. Data Source: S&P Global Market Intelligence\nAs I have emphasized earlier, using revenue figures to look at JD's growth potential may not accurately reflect the company's scalability potential. Here, we can see how SE's high potential to scale is clearly reflected in its FCF profile, where I use (EBITDA - CapEx) as a proxy here to remove the effects of lumpy working capital changes. SE's valuations are expected to come down significantly as it scales across South East Asia, generating lots of cash flow in the process. However, JD on the other hand doesn't seem to be quite as attractively valued as compared to SE when we project their growth rates forward.\nPrice Action & Technical Analysis\nSource: TradingView\nA silver lining here is that JD's long term uptrend remains intact despite the sell-off in Chinese stocks in Feb 21 that saw JD's stock price fall about 30% from its high. There are a few support levels that investors can focus on, most notably, the $70 support level that saw strong buying interest, as well as the $59 support level. The bulls are trying to retake the $79 support level which coincides with the dynamic resistance level marked by the 50-period MA at the moment. Therefore, investors who wish to add or initiate their positions may consider adding somewhere near the $70 level, and the $59 level if it retraces further, while avoiding adding near $79 in the near term.\nFor Chinese stocks, the Chinese and U.S. regulators will likely remain as the most important near term risk that may cause further compressions in its stock prices. However, as a long term investor who is still bullish on JD, I don't see that as a risk per se, but instead as an opportunity to add further into stocks like JD who in my opinion is fairly valued, and not expensive. The more the stock falls in the future due to policy changes or stiff rules from Beijing or Washington, the more attractive it will get for long term investors who have yet to initiate a position.\nWrapping it all up\nI'm a JD shareholder, and likely to remain so moving forward. What I had wanted to present in this article is to demonstrate why JD continues to trade at such low revenue multiples even as it continues to power ahead in its revenue growth. Investors should understand that although from the price action point of view JD I don't consider JD as a value trap, but I also don't consider JD as very attractive right now. It certainly deserves its current valuation and growth investors should taper their expectations in seeing the stock race ahead in the coming years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571302014333483","authorId":"3571302014333483","name":"WangWang99","avatar":"https://static.tigerbbs.com/fd291ad34521fc1ebab496105c2f882d","crmLevel":5,"crmLevelSwitch":0,"idStr":"3571302014333483","authorIdStr":"3571302014333483"},"content":"Pls response tq","text":"Pls response tq","html":"Pls response tq"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118876459,"gmtCreate":1622729102971,"gmtModify":1704189946601,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you&nbsp;","listText":"Please like and comment. Thank you&nbsp;","text":"Please like and comment. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/118876459","repostId":"1156214856","repostType":4,"repost":{"id":"1156214856","pubTimestamp":1622724503,"share":"https://ttm.financial/m/news/1156214856?lang=&edition=fundamental","pubTime":"2021-06-03 20:48","market":"us","language":"en","title":"Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1156214856","media":"Barrons","summary":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7315af1167acf60f21395e4fe547e81\" tg-width=\"1260\" tg-height=\"840\"><span>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.</span></p>\n<p>Samantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.</p>\n<p>The money helped fund the now 41-year-old money manager’s education at Washington &amp; Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.</p>\n<p>Last year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion&nbsp;Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.</p>\n<p>We talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.</p>\n<p><b><i>Barron’s:</i></b><b>How is Patient Capital different from what you do at Miller Value?</b></p>\n<p><b>Samantha McLemore:</b>It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.</p>\n<p><b>What’s an example?</b></p>\n<p>Take&nbsp;Farfetch[FTCH],Stitch Fix[SFIX], or&nbsp;RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.</p>\n<p><b>How do you think the pandemic will reshape consumer behavior?</b></p>\n<p>The global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.</p>\n<p><b>What are some of the beneficiaries?</b></p>\n<p>We own&nbsp;Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as]&nbsp;Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.</p>\n<p><b>What do you make of the recent meme stocks and market behavior?</b></p>\n<p>As John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.</p>\n<p>Marginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.</p>\n<p><b>What is a classic value stock in your portfolio?</b></p>\n<p>We bought&nbsp;DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.</p>\n<p>What attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at&nbsp;Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.</p>\n<p>Now, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.</p>\n<p><b>Where else is the market overstating the disruption risk?</b></p>\n<p>ADT&nbsp;[ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.</p>\n<p><b>What’s the outlook for some of the growthier stocks in your portfolio?</b></p>\n<p>As I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and&nbsp;Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.</p>\n<p><b>What about the regulatory risk for these internet behemoths?</b></p>\n<p>What is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.</p>\n<p><b>Alibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?</b></p>\n<p>It’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.</p>\n<p><b>Are you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?</b></p>\n<p>I’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.</p>\n<p><b>What is a stock you own in Patient but not in Opportunity?</b></p>\n<p>Opportunity is a bigger fund and more constrained on smaller companies, like&nbsp;Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.</p>\n<p><b>Do you own any other smaller off-the-radar companies?</b></p>\n<p>Tivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.</p>\n<p>The company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.</p>\n<p>There’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.</p>\n<p><b>Thanks, Samantha.</b></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>Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. 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Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GOOGL":"谷歌A","GOOG":"谷歌","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156214856","content_text":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.\nThe money helped fund the now 41-year-old money manager’s education at Washington & Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.\nLast year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.\nWe talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.\nBarron’s:How is Patient Capital different from what you do at Miller Value?\nSamantha McLemore:It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.\nWhat’s an example?\nTake Farfetch[FTCH],Stitch Fix[SFIX], or RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.\nHow do you think the pandemic will reshape consumer behavior?\nThe global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.\nWhat are some of the beneficiaries?\nWe own Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as] Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.\nWhat do you make of the recent meme stocks and market behavior?\nAs John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.\nMarginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.\nWhat is a classic value stock in your portfolio?\nWe bought DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.\nWhat attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.\nNow, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.\nWhere else is the market overstating the disruption risk?\nADT [ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.\nWhat’s the outlook for some of the growthier stocks in your portfolio?\nAs I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.\nWhat about the regulatory risk for these internet behemoths?\nWhat is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.\nAlibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?\nIt’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.\nAre you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?\nI’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.\nWhat is a stock you own in Patient but not in Opportunity?\nOpportunity is a bigger fund and more constrained on smaller companies, like Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.\nDo you own any other smaller off-the-radar companies?\nTivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.\nThe company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.\nThere’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.\nThanks, Samantha.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118870451,"gmtCreate":1622728992073,"gmtModify":1704189940109,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;[Cool]&nbsp;","listText":"[Smile]&nbsp;[Cool]&nbsp;","text":"[Smile] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/118870451","repostId":"1156214856","repostType":4,"repost":{"id":"1156214856","pubTimestamp":1622724503,"share":"https://ttm.financial/m/news/1156214856?lang=&edition=fundamental","pubTime":"2021-06-03 20:48","market":"us","language":"en","title":"Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1156214856","media":"Barrons","summary":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7315af1167acf60f21395e4fe547e81\" tg-width=\"1260\" tg-height=\"840\"><span>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.</span></p>\n<p>Samantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.</p>\n<p>The money helped fund the now 41-year-old money manager’s education at Washington &amp; Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.</p>\n<p>Last year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion&nbsp;Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.</p>\n<p>We talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.</p>\n<p><b><i>Barron’s:</i></b><b>How is Patient Capital different from what you do at Miller Value?</b></p>\n<p><b>Samantha McLemore:</b>It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.</p>\n<p><b>What’s an example?</b></p>\n<p>Take&nbsp;Farfetch[FTCH],Stitch Fix[SFIX], or&nbsp;RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.</p>\n<p><b>How do you think the pandemic will reshape consumer behavior?</b></p>\n<p>The global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.</p>\n<p><b>What are some of the beneficiaries?</b></p>\n<p>We own&nbsp;Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as]&nbsp;Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.</p>\n<p><b>What do you make of the recent meme stocks and market behavior?</b></p>\n<p>As John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.</p>\n<p>Marginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.</p>\n<p><b>What is a classic value stock in your portfolio?</b></p>\n<p>We bought&nbsp;DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.</p>\n<p>What attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at&nbsp;Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.</p>\n<p>Now, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.</p>\n<p><b>Where else is the market overstating the disruption risk?</b></p>\n<p>ADT&nbsp;[ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.</p>\n<p><b>What’s the outlook for some of the growthier stocks in your portfolio?</b></p>\n<p>As I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and&nbsp;Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.</p>\n<p><b>What about the regulatory risk for these internet behemoths?</b></p>\n<p>What is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.</p>\n<p><b>Alibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?</b></p>\n<p>It’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.</p>\n<p><b>Are you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?</b></p>\n<p>I’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.</p>\n<p><b>What is a stock you own in Patient but not in Opportunity?</b></p>\n<p>Opportunity is a bigger fund and more constrained on smaller companies, like&nbsp;Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.</p>\n<p><b>Do you own any other smaller off-the-radar companies?</b></p>\n<p>Tivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.</p>\n<p>The company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.</p>\n<p>There’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.</p>\n<p><b>Thanks, Samantha.</b></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>Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.</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\">\nAlibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GOOGL":"谷歌A","GOOG":"谷歌","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156214856","content_text":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.\nThe money helped fund the now 41-year-old money manager’s education at Washington & Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.\nLast year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.\nWe talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.\nBarron’s:How is Patient Capital different from what you do at Miller Value?\nSamantha McLemore:It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.\nWhat’s an example?\nTake Farfetch[FTCH],Stitch Fix[SFIX], or RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.\nHow do you think the pandemic will reshape consumer behavior?\nThe global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.\nWhat are some of the beneficiaries?\nWe own Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as] Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.\nWhat do you make of the recent meme stocks and market behavior?\nAs John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.\nMarginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.\nWhat is a classic value stock in your portfolio?\nWe bought DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.\nWhat attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.\nNow, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.\nWhere else is the market overstating the disruption risk?\nADT [ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.\nWhat’s the outlook for some of the growthier stocks in your portfolio?\nAs I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.\nWhat about the regulatory risk for these internet behemoths?\nWhat is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.\nAlibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?\nIt’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.\nAre you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?\nI’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.\nWhat is a stock you own in Patient but not in Opportunity?\nOpportunity is a bigger fund and more constrained on smaller companies, like Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.\nDo you own any other smaller off-the-radar companies?\nTivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.\nThe company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.\nThere’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.\nThanks, Samantha.","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111019838,"gmtCreate":1622643774224,"gmtModify":1704187969980,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111019838","repostId":"2140617694","repostType":4,"repost":{"id":"2140617694","pubTimestamp":1622560398,"share":"https://ttm.financial/m/news/2140617694?lang=&edition=fundamental","pubTime":"2021-06-01 23:13","market":"us","language":"en","title":"The Top 50 Robinhood Stocks in June","url":"https://stock-news.laohu8.com/highlight/detail?id=2140617694","media":"Motley Fool","summary":"Millennial investors can't stop buying into these companies.","content":"<p>Volatility is always present in the stock market, but it's been especially prominent since February 2020. Though patience has, once again, paid off for investors, their gains have come after the benchmark <b>S&amp;P 500</b> lost 34% of its value in less than five weeks during the first quarter of 2020.</p>\n<p>Some investors absolutely shy away when heightened volatility rears its head. But that's not what we've witnessed from retail investors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99b3853458b2424e2901821012f5502f\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p>Even though retail investors have been putting their money to work on Wall Street for more than a century, they used the wild volatility on Wall Street over the past 16 months as their cue to really ramp up their buying. How do we know this? Just take a look at online investing app Robinhood, which gained approximately 3 million new users last year.</p>\n<p>Millennial investors have found a home at Robinhood for a bevy of reasons. The app doesn't charge commissions for buying or selling on major exchanges, and it allows fractional shares&nbsp;for a number of securities. The company even awards new members with free shares of stock.</p>\n<p>While it's fantastic to see young investors putting their money to work in the greatest wealth creator on the planet, it's also disturbing to see what they've been buying. Instead of taking the tried-and-true long-term investing approach, many are chasing momentum plays, penny stocks, and companies with poor operating performance.</p>\n<p>Don't believe me? Here are the 50 most-held stocks on Robinhood's leaderboard as we enter June:</p>\n<table width=\"492\">\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Company</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>1. <b>Tesla </b>(NASDAQ:TSLA)</td>\n   <td>26. <b>OrganiGram Holdings</b></td>\n  </tr>\n  <tr>\n   <td>2. <b>Apple&nbsp;</b></td>\n   <td>27. <b>Bank of America</b></td>\n  </tr>\n  <tr>\n   <td>3. <b>AMC Entertainment Holdings</b> (NYSE:AMC)</td>\n   <td>28. <b>Coinbase Global</b></td>\n  </tr>\n  <tr>\n   <td>4. <b>Sundial Growers</b> (NASDAQ:SNDL)</td>\n   <td>29. <b>Tilray</b></td>\n  </tr>\n  <tr>\n   <td>5. <b>Ford Motor</b></td>\n   <td>30. <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b></td>\n  </tr>\n  <tr>\n   <td>6. <b>General Electric</b></td>\n   <td>31. <b>Canopy Growth</b> (NASDAQ:CGC)</td>\n  </tr>\n  <tr>\n   <td>7. <b>NIO&nbsp;</b></td>\n   <td>32. <b>Advanced Micro Devices</b></td>\n  </tr>\n  <tr>\n   <td>8. <b>Walt Disney</b></td>\n   <td>33. <b><a href=\"https://laohu8.com/S/TWTR\">Twitter</a></b></td>\n  </tr>\n  <tr>\n   <td>9. <b>Microsoft</b></td>\n   <td>34. <b>Starbucks</b> (NASDAQ:SBUX)</td>\n  </tr>\n  <tr>\n   <td>10. <b>Amazon&nbsp;</b></td>\n   <td>35. <b>Moderna</b></td>\n  </tr>\n  <tr>\n   <td>11. <b>American Airlines Group</b></td>\n   <td>36. <b>AT&amp;T</b></td>\n  </tr>\n  <tr>\n   <td>12. <b>Plug Power</b></td>\n   <td>37. <b>FuelCell Energy</b></td>\n  </tr>\n  <tr>\n   <td>13. <b>Nokia&nbsp;</b></td>\n   <td>38. <b>Virgin Galactic Holdings&nbsp;</b></td>\n  </tr>\n  <tr>\n   <td>14. <b>Pfizer&nbsp;</b></td>\n   <td>39. <b>Ideanomics&nbsp;</b></td>\n  </tr>\n  <tr>\n   <td>15. <b>Aurora Cannabis</b> (NASDAQ:ACB)</td>\n   <td>40. <b>Norwegian Cruise Line Holdings</b></td>\n  </tr>\n  <tr>\n   <td>16. <b>Carnival</b></td>\n   <td>41. <b>Vanguard S&amp;P 500 ETF</b></td>\n  </tr>\n  <tr>\n   <td>17. <b>GameStop</b> (NYSE:GME)</td>\n   <td>42. <b>Coca-Cola</b></td>\n  </tr>\n  <tr>\n   <td>18. <b>Zomedica</b> (NYSEMKT:ZOM)</td>\n   <td>43. <b>General Motors</b></td>\n  </tr>\n  <tr>\n   <td>19. <b><a href=\"https://laohu8.com/S/GPRO\">GoPro</a>&nbsp;</b></td>\n   <td>44. <b>NVIDIA</b></td>\n  </tr>\n  <tr>\n   <td>20. <b>Palantir Technologies</b></td>\n   <td>45. <b>SPDR S&amp;P 500 ETF</b></td>\n  </tr>\n  <tr>\n   <td>21. <b><a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a></b></td>\n   <td>46. <b>United Airlines Holdings</b></td>\n  </tr>\n  <tr>\n   <td>22. <b>Delta Air Lines</b></td>\n   <td>47. <b>Uber Technologies</b></td>\n  </tr>\n  <tr>\n   <td>23. <b>Snap&nbsp;</b></td>\n   <td>48. <b><a href=\"https://laohu8.com/S/ZNGA\">Zynga</a></b></td>\n  </tr>\n  <tr>\n   <td>24. <b>Netflix&nbsp;</b></td>\n   <td>49. <b>Boeing</b></td>\n  </tr>\n  <tr>\n   <td>25. <b>Alibaba Group Holding</b></td>\n   <td>50. <b>Workhorse Group</b></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Robinhood, as of May 28, 2021.</p>\n<h2>Meme-mania doesn't stop</h2>\n<p>With retail investors acting as the catalyst behind the meme stock craze (meme stocks are companies lauded for their social media popularity, not their fundamentals), it should come as no surprise that companies like AMC Entertainment, GameStop, and Sundial Growers are among the most-held on Robinhood.</p>\n<p>AMC, GameStop, and Sundial were some of the most heavily short-sold companies earlier this year, which made them logical targets by investors on Reddit who were looking for short-squeeze opportunities. Though we witnessed these squeezes take place in January and February, the recent trading in these names looks to be more hype or mania than short-covering.</p>\n<p>History is pretty clear that hype-driven stocks will eventually have the rug pulled out from under them. AMC, for example, is going to struggle just to service its more than $5.4 billion in corporate debt and doesn't appear to have a chance to pay back what comes due in 2026. It also has $473 million in deferred rent obligations to contend with.</p>\n<p>As for GameStop, it boasts a healthy net cash position following a recent share offering. But it was very late in transitioning to digital gaming, and as a result will see its sales go nowhere for years to come. GameStop's core strategy for the time being is to keep closing physical stores to cut down on operating expenses.</p>\n<p>In sum, meme stocks are bad news.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86c5f70d97c3ea9f633e0f2dbad565ba\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Penny for your thoughts</h2>\n<p>Robinhood investors have also demonstrated that they love penny stocks. Sundial Growers and Zomedica are two of the 18 most-held stocks on the platform, yet both can be purchased for under $1 a share.</p>\n<p>Psychologically, young and/or novice investors believe that owning more shares of stock will give them a better chance to make a lot of money. There's also the belief that it's easier to double a stock from $1 a share to $2 than, say, $100 to $200. But the reality is that penny stocks almost always trade at a low share price for very good reasons.</p>\n<p>In the case of pot stock Sundial Growers, it's because the company's management team can't stop drowning its investors in share offerings. Earlier this year, the company's board OK'd an additional $800 million at-the-market share offering. Since the end of September, more than 1.35 billion shares have been issued. With 1.86 billion shares now outstanding, Sundial has almost no chance of ever generating meaningful earnings per share, or perhaps even remaining listed on the <b>Nasdaq</b>&nbsp;exchange.</p>\n<p>As for veterinary health company Zomedica, it only began commercializing its first product in mid-March. Shares are currently valued at close to 40 times sales looking three years into the future. Though it does have a healthy cash position, Zomedica has buried its investors with share offerings and is closing in on 1 billion shares outstanding.</p>\n<p>Penny stocks are rarely cheap.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5811406aed4001edc942cb25310a21cf\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>\"Merry-juana\"</h2>\n<p>Another trend you'll note about millennial investors is that they really love the prospects for marijuana stocks. In this respect, I agree with them.</p>\n<p>Unfortunately, Robinhood is shortchanging its users in the cannabis department. Since the trading platform won't allow its users to buy and sell stocks listed on the over-the-counter exchange, and U.S. pot stocks can't list on major exchanges due to cannabis being illicit at the federal level, Robinhood users are stuck buying Canadian weed stocks. To put things as nicely as possible, the Canadian pot stocks have been a disaster.</p>\n<p>Aurora Cannabis, which at <a href=\"https://laohu8.com/S/AONE\">one</a> time was the most-held stock on Robinhood, has been burying its shareholders in dilution for years. It used its stock as collateral for around a dozen deals and grossly overpaid for all of its acquisitions. Even with legal Canadian weed sales climbing, Aurora's top line has been stuck in neutral or gone in reverse.</p>\n<p>Canopy Growth is another popular marijuana stock that's been an utter disappointment. The company's cash pile has dwindled significantly over the past couple of years, and Canopy is still nowhere close to generating a profit, even after closing two large greenhouses in British Columbia.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11b7b594784b441dbeb82fcdb187aac3\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Starbucks.</span></p>\n<h2>Brand-name companies are popular with millennials</h2>\n<p>Lastly, you'll note that among the meme stocks, pot stocks, and penny stocks, millennial investors have also piled into brand-name companies that they're familiar with or regularly engage with.</p>\n<p>For instance, electric-vehicle (EV) manufacturer Tesla has supplanted Apple as the most-held stock in the Robinhood universe. Generally speaking, the desire to take action against climate change increases the younger someone is. Motivated young investors who want to see positive climate action taken, and who have a favorable view of CEO Elon Musk, have flocked to Tesla. In kind, Tesla's production numbers have risen significantly, and could near 800,000 EVs in 2021.</p>\n<p>Coffee giant Starbucks has also been rising up the leaderboard in recent months. It has used its mobile app and rewards as a means to keep the younger generation loyal to its brand. It has also introduced an array of healthier lunches and snack options to improve foot traffic. It definitely doesn't hurt that Starbucks is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most-recognized brands in the world.</p>\n<p>Brand-name companies that can engage with young investors are always a good bet to work their way onto Robinhood's leaderboard.</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>The Top 50 Robinhood Stocks in June</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 Top 50 Robinhood Stocks in June\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 23:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/01/the-top-50-robinhood-stocks-in-june/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volatility is always present in the stock market, but it's been especially prominent since February 2020. Though patience has, once again, paid off for investors, their gains have come after the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/01/the-top-50-robinhood-stocks-in-june/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","SBUX":"星巴克","TSLA":"特斯拉","F":"福特汽车","BAC":"美国银行","MSFT":"微软","KO":"可口可乐","T":"美国电话电报","AMC":"AMC院线","NFLX":"奈飞","NOK":"诺基亚","COIN":"Coinbase Global, Inc.","TWTR":"Twitter","WKHS":"Workhorse Group, Inc.","SNDL":"SNDL Inc.","ACB":"奥罗拉大麻公司","OGI":"ORGANIGRAM HOLD","BA":"波音","CGC":"Canopy Growth Corporation","CCL":"嘉年华邮轮","PLUG":"普拉格能源","GM":"通用汽车","GME":"游戏驿站","MRNA":"Moderna, Inc.","PFE":"辉瑞","FCEL":"燃料电池能源","UBER":"优步","UAL":"联合大陆航空","DAL":"达美航空","ZOM":"Zomedica Pharmaceuticals Corp.","BABA":"阿里巴巴","SPCE":"维珍银河","NIO":"蔚来","GPRO":"GoPro","SNAP":"Snap Inc","TLRY":"Tilray Inc.","DIS":"迪士尼","AMD":"美国超微公司","PLTR":"Palantir Technologies Inc.","NVDA":"英伟达","GE":"GE航空航天","AAL":"美国航空"},"source_url":"https://www.fool.com/investing/2021/06/01/the-top-50-robinhood-stocks-in-june/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140617694","content_text":"Volatility is always present in the stock market, but it's been especially prominent since February 2020. Though patience has, once again, paid off for investors, their gains have come after the benchmark S&P 500 lost 34% of its value in less than five weeks during the first quarter of 2020.\nSome investors absolutely shy away when heightened volatility rears its head. But that's not what we've witnessed from retail investors.\nImage source: Getty Images.\nEven though retail investors have been putting their money to work on Wall Street for more than a century, they used the wild volatility on Wall Street over the past 16 months as their cue to really ramp up their buying. How do we know this? Just take a look at online investing app Robinhood, which gained approximately 3 million new users last year.\nMillennial investors have found a home at Robinhood for a bevy of reasons. The app doesn't charge commissions for buying or selling on major exchanges, and it allows fractional shares for a number of securities. The company even awards new members with free shares of stock.\nWhile it's fantastic to see young investors putting their money to work in the greatest wealth creator on the planet, it's also disturbing to see what they've been buying. Instead of taking the tried-and-true long-term investing approach, many are chasing momentum plays, penny stocks, and companies with poor operating performance.\nDon't believe me? Here are the 50 most-held stocks on Robinhood's leaderboard as we enter June:\n\n\n\nCompany\nCompany\n\n\n\n\n1. Tesla (NASDAQ:TSLA)\n26. OrganiGram Holdings\n\n\n2. Apple \n27. Bank of America\n\n\n3. AMC Entertainment Holdings (NYSE:AMC)\n28. Coinbase Global\n\n\n4. Sundial Growers (NASDAQ:SNDL)\n29. Tilray\n\n\n5. Ford Motor\n30. Facebook\n\n\n6. General Electric\n31. Canopy Growth (NASDAQ:CGC)\n\n\n7. NIO \n32. Advanced Micro Devices\n\n\n8. Walt Disney\n33. Twitter\n\n\n9. Microsoft\n34. Starbucks (NASDAQ:SBUX)\n\n\n10. Amazon \n35. Moderna\n\n\n11. American Airlines Group\n36. AT&T\n\n\n12. Plug Power\n37. FuelCell Energy\n\n\n13. Nokia \n38. Virgin Galactic Holdings \n\n\n14. Pfizer \n39. Ideanomics \n\n\n15. Aurora Cannabis (NASDAQ:ACB)\n40. Norwegian Cruise Line Holdings\n\n\n16. Carnival\n41. Vanguard S&P 500 ETF\n\n\n17. GameStop (NYSE:GME)\n42. Coca-Cola\n\n\n18. Zomedica (NYSEMKT:ZOM)\n43. General Motors\n\n\n19. GoPro \n44. NVIDIA\n\n\n20. Palantir Technologies\n45. SPDR S&P 500 ETF\n\n\n21. Churchill Capital\n46. United Airlines Holdings\n\n\n22. Delta Air Lines\n47. Uber Technologies\n\n\n23. Snap \n48. Zynga\n\n\n24. Netflix \n49. Boeing\n\n\n25. Alibaba Group Holding\n50. Workhorse Group\n\n\n\nData source: Robinhood, as of May 28, 2021.\nMeme-mania doesn't stop\nWith retail investors acting as the catalyst behind the meme stock craze (meme stocks are companies lauded for their social media popularity, not their fundamentals), it should come as no surprise that companies like AMC Entertainment, GameStop, and Sundial Growers are among the most-held on Robinhood.\nAMC, GameStop, and Sundial were some of the most heavily short-sold companies earlier this year, which made them logical targets by investors on Reddit who were looking for short-squeeze opportunities. Though we witnessed these squeezes take place in January and February, the recent trading in these names looks to be more hype or mania than short-covering.\nHistory is pretty clear that hype-driven stocks will eventually have the rug pulled out from under them. AMC, for example, is going to struggle just to service its more than $5.4 billion in corporate debt and doesn't appear to have a chance to pay back what comes due in 2026. It also has $473 million in deferred rent obligations to contend with.\nAs for GameStop, it boasts a healthy net cash position following a recent share offering. But it was very late in transitioning to digital gaming, and as a result will see its sales go nowhere for years to come. GameStop's core strategy for the time being is to keep closing physical stores to cut down on operating expenses.\nIn sum, meme stocks are bad news.\nImage source: Getty Images.\nPenny for your thoughts\nRobinhood investors have also demonstrated that they love penny stocks. Sundial Growers and Zomedica are two of the 18 most-held stocks on the platform, yet both can be purchased for under $1 a share.\nPsychologically, young and/or novice investors believe that owning more shares of stock will give them a better chance to make a lot of money. There's also the belief that it's easier to double a stock from $1 a share to $2 than, say, $100 to $200. But the reality is that penny stocks almost always trade at a low share price for very good reasons.\nIn the case of pot stock Sundial Growers, it's because the company's management team can't stop drowning its investors in share offerings. Earlier this year, the company's board OK'd an additional $800 million at-the-market share offering. Since the end of September, more than 1.35 billion shares have been issued. With 1.86 billion shares now outstanding, Sundial has almost no chance of ever generating meaningful earnings per share, or perhaps even remaining listed on the Nasdaq exchange.\nAs for veterinary health company Zomedica, it only began commercializing its first product in mid-March. Shares are currently valued at close to 40 times sales looking three years into the future. Though it does have a healthy cash position, Zomedica has buried its investors with share offerings and is closing in on 1 billion shares outstanding.\nPenny stocks are rarely cheap.\nImage source: Getty Images.\n\"Merry-juana\"\nAnother trend you'll note about millennial investors is that they really love the prospects for marijuana stocks. In this respect, I agree with them.\nUnfortunately, Robinhood is shortchanging its users in the cannabis department. Since the trading platform won't allow its users to buy and sell stocks listed on the over-the-counter exchange, and U.S. pot stocks can't list on major exchanges due to cannabis being illicit at the federal level, Robinhood users are stuck buying Canadian weed stocks. To put things as nicely as possible, the Canadian pot stocks have been a disaster.\nAurora Cannabis, which at one time was the most-held stock on Robinhood, has been burying its shareholders in dilution for years. It used its stock as collateral for around a dozen deals and grossly overpaid for all of its acquisitions. Even with legal Canadian weed sales climbing, Aurora's top line has been stuck in neutral or gone in reverse.\nCanopy Growth is another popular marijuana stock that's been an utter disappointment. The company's cash pile has dwindled significantly over the past couple of years, and Canopy is still nowhere close to generating a profit, even after closing two large greenhouses in British Columbia.\nImage source: Starbucks.\nBrand-name companies are popular with millennials\nLastly, you'll note that among the meme stocks, pot stocks, and penny stocks, millennial investors have also piled into brand-name companies that they're familiar with or regularly engage with.\nFor instance, electric-vehicle (EV) manufacturer Tesla has supplanted Apple as the most-held stock in the Robinhood universe. Generally speaking, the desire to take action against climate change increases the younger someone is. Motivated young investors who want to see positive climate action taken, and who have a favorable view of CEO Elon Musk, have flocked to Tesla. In kind, Tesla's production numbers have risen significantly, and could near 800,000 EVs in 2021.\nCoffee giant Starbucks has also been rising up the leaderboard in recent months. It has used its mobile app and rewards as a means to keep the younger generation loyal to its brand. It has also introduced an array of healthier lunches and snack options to improve foot traffic. It definitely doesn't hurt that Starbucks is one of the most-recognized brands in the world.\nBrand-name companies that can engage with young investors are always a good bet to work their way onto Robinhood's leaderboard.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111010289,"gmtCreate":1622643736441,"gmtModify":1704187968509,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/111010289","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","pubTimestamp":1622627641,"share":"https://ttm.financial/m/news/1188552613?lang=&edition=fundamental","pubTime":"2021-06-02 17:54","market":"us","language":"en","title":"AMC Stock Is Surging Again. How to Make Sense of the Move.","url":"https://stock-news.laohu8.com/highlight/detail?id=1188552613","media":"Barrons","summary":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, th","content":"<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of&nbsp;GameStop&nbsp;and&nbsp;BlackBerry&nbsp;into speculative territory.</p>\n<p>But it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.</p>\n<p>Shares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office.&nbsp;Shares were up another 34%, to $42.92, in premarket trading Wednesday.</p>\n<p>Even if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.</p>\n<p>AMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.</p>\n<p>So, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.</p>\n<p>Back then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.</p>\n<p>The upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&amp;P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.</p>\n<p>In those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.</p>\n<p>Maybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.</p>\n<p>If AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.</p>\n<p>Then, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&amp;P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.</p>\n<p>There are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.</p>\n<p>Also, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.</p>\n<p>AMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.</p>\n<p>There is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.</p>\n<p>AMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.</p>\n<p>Wall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.</p>\n<p>Analysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.</p>\n<p>And that’s just another way of saying that AMC bulls are a long way from making the math work.</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>AMC Stock Is Surging Again. How to Make Sense of the Move.</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\">\nAMC Stock Is Surging Again. How to Make Sense of the Move.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 17:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188552613","content_text":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.\nBut it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.\nShares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.\nEven if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.\nAMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.\nSo, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.\nBack then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.\nThe upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.\nIn those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.\nMaybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.\nIf AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.\nThen, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.\nThere are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.\nAlso, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.\nAMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.\nThere is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.\nAMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.\nWall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.\nAnalysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.\nAnd that’s just another way of saying that AMC bulls are a long way from making the math work.","news_type":1},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"content":"Like and Comment please","text":"Like and Comment please","html":"Like and Comment please"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111092771,"gmtCreate":1622643235393,"gmtModify":1704187951554,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Sharing&nbsp;","listText":"Sharing&nbsp;","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/9a541cce473070418af299f08d0a1352","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111092771","isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108442260,"gmtCreate":1620051194950,"gmtModify":1704337932055,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108442260","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","pubTimestamp":1619999342,"share":"https://ttm.financial/m/news/1135819410?lang=&edition=fundamental","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><b>Tuesday 5/4</b></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><b>Wednesday 5/5</b></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><b>Thursday 5/6</b></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><b>Friday 5/7</b></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</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>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week</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\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 07:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: ...</p>\n\n<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">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","UBER":"优步","TMUS":"T-Mobile US Inc",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","PFE":"辉瑞","GM":"通用汽车","PYPL":"PayPal"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":118476084,"gmtCreate":1622760000448,"gmtModify":1704190466787,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and commented. Thank you.","listText":"Please like and commented. Thank you.","text":"Please like and commented. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/118476084","repostId":"1171251318","repostType":4,"repost":{"id":"1171251318","pubTimestamp":1622733765,"share":"https://ttm.financial/m/news/1171251318?lang=&edition=fundamental","pubTime":"2021-06-03 23:22","market":"hk","language":"en","title":"JD.com: Its Business Model Is Deserving Of Its Current Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=1171251318","media":"seekingalpha","summary":"Summary\n\nJD is often branded as the most “undervalued” stock of all its e-commerce peers by growth a","content":"<p><b>Summary</b></p>\n<ul>\n <li>JD is often branded as the most “undervalued” stock of all its e-commerce peers by growth and value investors alike.</li>\n <li>Even though the company’s revenue growth rates have impressed, its operating performances have not really been on par.</li>\n <li>I discuss why JD’s current valuations reflect the reality of its business model, and what growth and value investors should focus on to value the company.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bc39a30a57f05b994781d4a3a51c0de\" tg-width=\"1536\" tg-height=\"1092\"><span>Photo by Kevin Frayer/Getty Images News via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>JD.com's (JD) low EV/Revenue multiples have often baffled growth and value investors. The relatively high revenue growth rates that the investors have grown accustomed to in the rapidly expanding Chinese e-commerce market has not cascaded down to its market cap as compared to its peers. I attempt to present my opinion on why JD may have exhibited a high revenue growth profile, but not necessarily the operating performances to match its peers.</p>\n<p><b>JD's Incredibly Low Revenue Multiples</b></p>\n<p>The company has often been compared to Amazon (AMZN) in its early days or even compared to Shopify (SHOP) for having a revenue multiple that's way lower, and therefore implying a better buy.</p>\n<p>However when I looked under the hood into JD's business model and its operating performances, I found enough underlying weaknesses in JD's business model that perhaps indicate why the market continues to value JD at such low multiples despite having posted impressive growth rates.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd8c028415efa231c377fb5f68a00858\" tg-width=\"1280\" tg-height=\"844\"><span>LTM Revenue Growth &amp; Price / LTM Sales. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>As we can see from the chart above, JD has posted remarkable YoY revenue growth rates for the last 5 years, the \"slowest\" one being 22.7%. In fact, JD's LTM revenue growth rate has been accelerating recently, reaching 33.3% at the recent quarter. Despite that, its EV / LTM Rev multiple has consistently been under 1.1x, marking its strong appeal as a \"cheap\" growth stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5429847bb5cdb8de25028528ae70f6a\" tg-width=\"1280\" tg-height=\"811\"><span>Price/LTM Sales Percentile. Source: Tiger Brokers</span></p>\n<p>In fact, JD's Price/LTM sales is currently at the 32nd percentile when we compare its multiples over the last 5 years, potentially even creating opportunities for value investors who may be on the lookout for a \"next Amazon\" type of stock that is selling for a real bargain now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a33a3a8b9c3f7cfd6393fb14a77852c\" tg-width=\"1280\" tg-height=\"776\"><span>JD and AMZN Market Cap, LTM Revenue, Revenue 3Y CAGR, EV / LTM Rev. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>A quick glance over to Alibaba's (BABA) metrics unveil some interesting observations. Even though BABA's market cap is close to 5x that of JD's, BABA actually reported a lower LTM revenue (89% of JD's LTM revenue) than JD. In fact, BABA has reported lower revenue figures than JD over the last 5 years (see chart below). Both BABA and JD are revenue growth machines, with BABA's 3Y CAGR of 42% and JD's 3Y CAGR of 27.2%. Despite JD's impressive revenue growth, BABA is valued at 5.5x more than JD here based on their respective revenue multiples, which therefore raises the question of whether the market has unreasonably valued JD too low than what it actually deserves?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09064245a10bfce0ca518de2ba958e28\" tg-width=\"1280\" tg-height=\"774\"><span>BABA &amp; JD LTM Revenue Trend. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7ad67e5be6dba93461b1cb1813d0aa8\" tg-width=\"1257\" tg-height=\"474\"><span>JD Annual Active Customer Count. Data Source: Company Filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b156a6b3eb509a01ef58375a4d035718\" tg-width=\"600\" tg-height=\"371\"><span>JD Annual Active Customer YoY Growth. Data Source: Company Filings</span></p>\n<p>In fact, JD has been improving its active customer growth since Q3'19 as prior to that, JD had in fact suffered dramatic declines over multiple consecutive quarters of slowing customer growth. This coincided with the company's foray into&nbsp;Jingxi in 2019, which is the company's answer to Pinduoduo (PDD). The management also emphasized that: \"In the past 12 months, we gained 112 million new active users, with over&nbsp;80% coming from lower-tier markets.\" Therefore quite clearly, Jingxi's customer growth has been the impetus behind the strong quarters of ARPC growth for JD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16b3ae3a7907e114e3e3874b5f7d2851\" tg-width=\"962\" tg-height=\"595\"><span>JD Average Revenue Per Active Customer. Data Source: Company Filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a17b7b3775c0d8c1ab4b05856429210\" tg-width=\"600\" tg-height=\"371\"><span>JD Average Revenue Per Active Customer YoY Growth. Data Source: Company Filings</span></p>\n<p>When we zoomed into the company's average revenue per active customer metrics, we could see that the underlying growth (up 11.7% YoY at the recent quarter) has been relatively healthy as well while the company continues to scale up its customer growth through the lower-tier markets.</p>\n<p><b>Okay, then how does JD's Operating Performances look like?</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/365fbee247a722170a072c2dc2b83e38\" tg-width=\"1280\" tg-height=\"703\"><span>EBIT Margin, CFO Margin, FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>I had mentioned before in&nbsp;my article here&nbsp;for Coupang (CPNG), that for businesses that are potentially highly scalable such as JD's, we do not have to necessarily worry about the company's low operating margin business model as long as they are able to scale up quickly towards high FCF profitability. JD has always been operating with low operating margin (LTM EBIT margin of 1.2%), as that's the nature of its business model. Despite that, the company has still been able to generate relatively healthy FCF margins (LTM FCF margin 2.7%). Investors also shouldn't expect SaaS like FCF margins here as the business model is entirely different and JD is obviously going after those huge GMV growth. What we want to see though is whether the company is able to continue generating fast-growing and highly sustainable FCF moving forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b36f757fa706b6f349f44add10229761\" tg-width=\"1280\" tg-height=\"708\"><span>Peers Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/328507a06929411b3b72e85c8c8169b2\" tg-width=\"1280\" tg-height=\"693\"><span>Peers Projected Unlevered FCF 5Y CAGR. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>The problem arose when I tried to model JD's FCF growth moving forward. Quite clearly, JD does not seem to be able to improve its FCF margin strongly over time, with the projected FCF margins largely still in line with the historical ones.</p>\n<p>That isn't something that we would like to see in a growth stock. Moreover the company's projected FCF margins are simply too low to be even classified as a cash flow machine. When we compare JD with its peers, we can clearly see that all of them, including AMZN are projected to generate very strong FCF growth moving forward, with JD's 5Y CAGR of 19.4% coming in last here. JD doesn't seem to be able to leverage on its relatively fast revenue growth to expand its FCF generating prowess as compared to its peers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34da8b0865452a029c93f57dc8104697\" tg-width=\"1280\" tg-height=\"684\"><span>Non-Peers Projected Unlevered FCF 5Y CAGR &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>In order to help investors better understand what I mean, we can refer to the chart above to give an idea of what I meant as companies who are already in relatively stable growth stages with highly sustainable FCF margins as we model their FCF growth profile. It may be argued that Facebook (FB) is still a growth stock (but no longer as high growth as it once was) as it's still expected to generate relatively high FCF growth moving forward while commanding a remarkably high FCF margin as well. In addition, we could also see clearly that stable players often preferred by value investors such as Microsoft (MSFT), Qualcomm (QCOM) and Cisco (CSCO) are also expected to carry forward their high FCF margins moving forward. In contrast, JD's low 2.7% 5-year average FCF margin doesn't qualify it as a high quality stable stock for value investors to consider.</p>\n<p><b>What about JD's Growth Drivers?</b></p>\n<p>Now the interesting thing here is that JD has maintained that its business is still running at the \"high-growth\" stage as it emphasized:</p>\n<blockquote>\n First of all, we&nbsp;prioritize growth above the importance of profitabilitybecause across all of our business lines, we are still in the high-growth stage. But each segment or each business line is actually in a different development stage. So we have kind of a differentiated investment strategy. So for JD Retail, we still -- you can see that for the first quarter and in the past few quarters, they continue to maintain a high-growth rate.\n</blockquote>\n<p>The management also added that they would likely continue to benefit from improved economies of scale and operating leverage as they bank on the rapid expansion of JD's retail business, allowing the company to continue improving its long term profit margin over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8477039f4b9693704cbbaf64530da052\" tg-width=\"1280\" tg-height=\"706\"><span>JD LTM EBIT Margin &amp; Projected EBIT Margin, LTM Unlevered FCF Margin &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>In order to be clear of that, when I modelled JD's EBIT margin and FCF margin growth, I find it hard pressed to have agreement with the management's point of expecting sustained improvement in their operating performance over time as they scale up rapidly. First, the company is already coming off a very low base of EBIT (LTM EBIT margin: 1.2%) and FCF profitability (LTM Unlevered FCF margin: 0.8%), therefore I think it's not unreasonable to expect the company to post a significant improvement to its FCF profitability over time. However, as we can see above, those EBIT margin improvements don't really seem to cascade down to its FCF bottomline.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34fa89d4e61ac3e70091cc064b4dc51a\" tg-width=\"1280\" tg-height=\"626\"><span>JD Q1'21 Segment Revenue. Source:JD 6-K</span></p>\n<p>It's important to note that JD retail is the company's main revenue and profit driver, accounting for 91% of Q1'21 revenue, while also subsidizing the losses from its other segments (one of which was JD Logistics which has already been spun off recently). It's difficult to see how its forays into its new businesses can be reasonably sustained over time when they don't have a highly profitable cash flow driver in JD Retail.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85c510c5f8c49a1fde429fcbe1892c30\" tg-width=\"1280\" tg-height=\"704\"><span>AMZN EBIT Margin &amp; Projected EBIT Margin, Unlevered FCF Margin &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6dcf33c4272b764cbad4a64cca5bdbfd\" tg-width=\"1280\" tg-height=\"711\"><span>Sea Limited EBIT Margin &amp; Projected EBIT Margin, Unlevered FCF Margin &amp; Projected Unlevered FCF Margin. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>We could refer to the above charts to see how important it's to have highly profitable cash flow segments to drive its operating performances even as the companies continue to scale up: AMZN with its AWS segment, as well as Sea's (SE) Garena segment, which I had covered in a&nbsp;recent article here. This cash flow segments allow them to reinvest into its highly scalable e-commerce segments and over time significantly improve their overall cash flow and EBIT profile. JD's business model certainly doesn't have the luxury of relying on such a segment to drive its growth, and therefore it's reflected clearly in its operating performances moving forward.</p>\n<p><b>Valuations</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ec37dd8957f5cadcf9615fa414bb78d\" tg-width=\"1280\" tg-height=\"726\"><span>Peers Consensus Analysts Upside &amp; EV / FY+1 Rev. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>If we simply base off JD's expected revenue growth, there's little doubt that JD seems to be valued at fire sale prices now. However, as mentioned earlier in the article, JD has always been valued at very low EV / Rev multiples historically as compared to its peers. In addition, the Street also remains highly confident of JD's upside potential (35.6%) as compared to its peers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/56bd8f33da9baab688b59439b44a827b\" tg-width=\"1280\" tg-height=\"709\"><span>JD &amp; SE Ev / Fwd (EBITDA - CapEx) Trend. Data Source: S&amp;P Global Market Intelligence</span></p>\n<p>As I have emphasized earlier, using revenue figures to look at JD's growth potential may not accurately reflect the company's scalability potential. Here, we can see how SE's high potential to scale is clearly reflected in its FCF profile, where I use (EBITDA - CapEx) as a proxy here to remove the effects of lumpy working capital changes. SE's valuations are expected to come down significantly as it scales across South East Asia, generating lots of cash flow in the process. However, JD on the other hand doesn't seem to be quite as attractively valued as compared to SE when we project their growth rates forward.</p>\n<p><b>Price Action &amp; Technical Analysis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98b516b4268fe8418e750d8717769eaf\" tg-width=\"1280\" tg-height=\"798\"><span>Source: TradingView</span></p>\n<p>A silver lining here is that JD's long term uptrend remains intact despite the sell-off in Chinese stocks in Feb 21 that saw JD's stock price fall about 30% from its high. There are a few support levels that investors can focus on, most notably, the $70 support level that saw strong buying interest, as well as the $59 support level. The bulls are trying to retake the $79 support level which coincides with the dynamic resistance level marked by the 50-period MA at the moment. Therefore, investors who wish to add or initiate their positions may consider adding somewhere near the $70 level, and the $59 level if it retraces further, while avoiding adding near $79 in the near term.</p>\n<p>For Chinese stocks, the Chinese and U.S. regulators will likely remain as the most important near term risk that may cause further compressions in its stock prices. However, as a long term investor who is still bullish on JD, I don't see that as a risk per se, but instead as an opportunity to add further into stocks like JD who in my opinion is fairly valued, and not expensive. The more the stock falls in the future due to policy changes or stiff rules from Beijing or Washington, the more attractive it will get for long term investors who have yet to initiate a position.</p>\n<p><b>Wrapping it all up</b></p>\n<p>I'm a JD shareholder, and likely to remain so moving forward. What I had wanted to present in this article is to demonstrate why JD continues to trade at such low revenue multiples even as it continues to power ahead in its revenue growth. Investors should understand that although from the price action point of view JD I don't consider JD as a value trap, but I also don't consider JD as very attractive right now. It certainly deserves its current valuation and growth investors should taper their expectations in seeing the stock race ahead in the coming years.</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>JD.com: Its Business Model Is Deserving Of Its Current Valuation</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\">\nJD.com: Its Business Model Is Deserving Of Its Current Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432860-jd-com-business-model-deserving-current-valuation><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nJD is often branded as the most “undervalued” stock of all its e-commerce peers by growth and value investors alike.\nEven though the company’s revenue growth rates have impressed, its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432860-jd-com-business-model-deserving-current-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"source_url":"https://seekingalpha.com/article/4432860-jd-com-business-model-deserving-current-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171251318","content_text":"Summary\n\nJD is often branded as the most “undervalued” stock of all its e-commerce peers by growth and value investors alike.\nEven though the company’s revenue growth rates have impressed, its operating performances have not really been on par.\nI discuss why JD’s current valuations reflect the reality of its business model, and what growth and value investors should focus on to value the company.\n\nPhoto by Kevin Frayer/Getty Images News via Getty Images\nInvestment Thesis\nJD.com's (JD) low EV/Revenue multiples have often baffled growth and value investors. The relatively high revenue growth rates that the investors have grown accustomed to in the rapidly expanding Chinese e-commerce market has not cascaded down to its market cap as compared to its peers. I attempt to present my opinion on why JD may have exhibited a high revenue growth profile, but not necessarily the operating performances to match its peers.\nJD's Incredibly Low Revenue Multiples\nThe company has often been compared to Amazon (AMZN) in its early days or even compared to Shopify (SHOP) for having a revenue multiple that's way lower, and therefore implying a better buy.\nHowever when I looked under the hood into JD's business model and its operating performances, I found enough underlying weaknesses in JD's business model that perhaps indicate why the market continues to value JD at such low multiples despite having posted impressive growth rates.\nLTM Revenue Growth & Price / LTM Sales. Data Source: S&P Global Market Intelligence\nAs we can see from the chart above, JD has posted remarkable YoY revenue growth rates for the last 5 years, the \"slowest\" one being 22.7%. In fact, JD's LTM revenue growth rate has been accelerating recently, reaching 33.3% at the recent quarter. Despite that, its EV / LTM Rev multiple has consistently been under 1.1x, marking its strong appeal as a \"cheap\" growth stock.\nPrice/LTM Sales Percentile. Source: Tiger Brokers\nIn fact, JD's Price/LTM sales is currently at the 32nd percentile when we compare its multiples over the last 5 years, potentially even creating opportunities for value investors who may be on the lookout for a \"next Amazon\" type of stock that is selling for a real bargain now.\nJD and AMZN Market Cap, LTM Revenue, Revenue 3Y CAGR, EV / LTM Rev. Data Source: S&P Global Market Intelligence\nA quick glance over to Alibaba's (BABA) metrics unveil some interesting observations. Even though BABA's market cap is close to 5x that of JD's, BABA actually reported a lower LTM revenue (89% of JD's LTM revenue) than JD. In fact, BABA has reported lower revenue figures than JD over the last 5 years (see chart below). Both BABA and JD are revenue growth machines, with BABA's 3Y CAGR of 42% and JD's 3Y CAGR of 27.2%. Despite JD's impressive revenue growth, BABA is valued at 5.5x more than JD here based on their respective revenue multiples, which therefore raises the question of whether the market has unreasonably valued JD too low than what it actually deserves?\nBABA & JD LTM Revenue Trend. Data Source: S&P Global Market Intelligence\nJD Annual Active Customer Count. Data Source: Company Filings\nJD Annual Active Customer YoY Growth. Data Source: Company Filings\nIn fact, JD has been improving its active customer growth since Q3'19 as prior to that, JD had in fact suffered dramatic declines over multiple consecutive quarters of slowing customer growth. This coincided with the company's foray into Jingxi in 2019, which is the company's answer to Pinduoduo (PDD). The management also emphasized that: \"In the past 12 months, we gained 112 million new active users, with over 80% coming from lower-tier markets.\" Therefore quite clearly, Jingxi's customer growth has been the impetus behind the strong quarters of ARPC growth for JD.\nJD Average Revenue Per Active Customer. Data Source: Company Filings\nJD Average Revenue Per Active Customer YoY Growth. Data Source: Company Filings\nWhen we zoomed into the company's average revenue per active customer metrics, we could see that the underlying growth (up 11.7% YoY at the recent quarter) has been relatively healthy as well while the company continues to scale up its customer growth through the lower-tier markets.\nOkay, then how does JD's Operating Performances look like?\nEBIT Margin, CFO Margin, FCF Margin. Data Source: S&P Global Market Intelligence\nI had mentioned before in my article here for Coupang (CPNG), that for businesses that are potentially highly scalable such as JD's, we do not have to necessarily worry about the company's low operating margin business model as long as they are able to scale up quickly towards high FCF profitability. JD has always been operating with low operating margin (LTM EBIT margin of 1.2%), as that's the nature of its business model. Despite that, the company has still been able to generate relatively healthy FCF margins (LTM FCF margin 2.7%). Investors also shouldn't expect SaaS like FCF margins here as the business model is entirely different and JD is obviously going after those huge GMV growth. What we want to see though is whether the company is able to continue generating fast-growing and highly sustainable FCF moving forward.\nPeers Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nPeers Projected Unlevered FCF 5Y CAGR. Data Source: S&P Global Market Intelligence\nThe problem arose when I tried to model JD's FCF growth moving forward. Quite clearly, JD does not seem to be able to improve its FCF margin strongly over time, with the projected FCF margins largely still in line with the historical ones.\nThat isn't something that we would like to see in a growth stock. Moreover the company's projected FCF margins are simply too low to be even classified as a cash flow machine. When we compare JD with its peers, we can clearly see that all of them, including AMZN are projected to generate very strong FCF growth moving forward, with JD's 5Y CAGR of 19.4% coming in last here. JD doesn't seem to be able to leverage on its relatively fast revenue growth to expand its FCF generating prowess as compared to its peers.\nNon-Peers Projected Unlevered FCF 5Y CAGR & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nIn order to help investors better understand what I mean, we can refer to the chart above to give an idea of what I meant as companies who are already in relatively stable growth stages with highly sustainable FCF margins as we model their FCF growth profile. It may be argued that Facebook (FB) is still a growth stock (but no longer as high growth as it once was) as it's still expected to generate relatively high FCF growth moving forward while commanding a remarkably high FCF margin as well. In addition, we could also see clearly that stable players often preferred by value investors such as Microsoft (MSFT), Qualcomm (QCOM) and Cisco (CSCO) are also expected to carry forward their high FCF margins moving forward. In contrast, JD's low 2.7% 5-year average FCF margin doesn't qualify it as a high quality stable stock for value investors to consider.\nWhat about JD's Growth Drivers?\nNow the interesting thing here is that JD has maintained that its business is still running at the \"high-growth\" stage as it emphasized:\n\n First of all, we prioritize growth above the importance of profitabilitybecause across all of our business lines, we are still in the high-growth stage. But each segment or each business line is actually in a different development stage. So we have kind of a differentiated investment strategy. So for JD Retail, we still -- you can see that for the first quarter and in the past few quarters, they continue to maintain a high-growth rate.\n\nThe management also added that they would likely continue to benefit from improved economies of scale and operating leverage as they bank on the rapid expansion of JD's retail business, allowing the company to continue improving its long term profit margin over time.\nJD LTM EBIT Margin & Projected EBIT Margin, LTM Unlevered FCF Margin & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nIn order to be clear of that, when I modelled JD's EBIT margin and FCF margin growth, I find it hard pressed to have agreement with the management's point of expecting sustained improvement in their operating performance over time as they scale up rapidly. First, the company is already coming off a very low base of EBIT (LTM EBIT margin: 1.2%) and FCF profitability (LTM Unlevered FCF margin: 0.8%), therefore I think it's not unreasonable to expect the company to post a significant improvement to its FCF profitability over time. However, as we can see above, those EBIT margin improvements don't really seem to cascade down to its FCF bottomline.\nJD Q1'21 Segment Revenue. Source:JD 6-K\nIt's important to note that JD retail is the company's main revenue and profit driver, accounting for 91% of Q1'21 revenue, while also subsidizing the losses from its other segments (one of which was JD Logistics which has already been spun off recently). It's difficult to see how its forays into its new businesses can be reasonably sustained over time when they don't have a highly profitable cash flow driver in JD Retail.\nAMZN EBIT Margin & Projected EBIT Margin, Unlevered FCF Margin & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nSea Limited EBIT Margin & Projected EBIT Margin, Unlevered FCF Margin & Projected Unlevered FCF Margin. Data Source: S&P Global Market Intelligence\nWe could refer to the above charts to see how important it's to have highly profitable cash flow segments to drive its operating performances even as the companies continue to scale up: AMZN with its AWS segment, as well as Sea's (SE) Garena segment, which I had covered in a recent article here. This cash flow segments allow them to reinvest into its highly scalable e-commerce segments and over time significantly improve their overall cash flow and EBIT profile. JD's business model certainly doesn't have the luxury of relying on such a segment to drive its growth, and therefore it's reflected clearly in its operating performances moving forward.\nValuations\nPeers Consensus Analysts Upside & EV / FY+1 Rev. Data Source: S&P Global Market Intelligence\nIf we simply base off JD's expected revenue growth, there's little doubt that JD seems to be valued at fire sale prices now. However, as mentioned earlier in the article, JD has always been valued at very low EV / Rev multiples historically as compared to its peers. In addition, the Street also remains highly confident of JD's upside potential (35.6%) as compared to its peers.\nJD & SE Ev / Fwd (EBITDA - CapEx) Trend. Data Source: S&P Global Market Intelligence\nAs I have emphasized earlier, using revenue figures to look at JD's growth potential may not accurately reflect the company's scalability potential. Here, we can see how SE's high potential to scale is clearly reflected in its FCF profile, where I use (EBITDA - CapEx) as a proxy here to remove the effects of lumpy working capital changes. SE's valuations are expected to come down significantly as it scales across South East Asia, generating lots of cash flow in the process. However, JD on the other hand doesn't seem to be quite as attractively valued as compared to SE when we project their growth rates forward.\nPrice Action & Technical Analysis\nSource: TradingView\nA silver lining here is that JD's long term uptrend remains intact despite the sell-off in Chinese stocks in Feb 21 that saw JD's stock price fall about 30% from its high. There are a few support levels that investors can focus on, most notably, the $70 support level that saw strong buying interest, as well as the $59 support level. The bulls are trying to retake the $79 support level which coincides with the dynamic resistance level marked by the 50-period MA at the moment. Therefore, investors who wish to add or initiate their positions may consider adding somewhere near the $70 level, and the $59 level if it retraces further, while avoiding adding near $79 in the near term.\nFor Chinese stocks, the Chinese and U.S. regulators will likely remain as the most important near term risk that may cause further compressions in its stock prices. However, as a long term investor who is still bullish on JD, I don't see that as a risk per se, but instead as an opportunity to add further into stocks like JD who in my opinion is fairly valued, and not expensive. The more the stock falls in the future due to policy changes or stiff rules from Beijing or Washington, the more attractive it will get for long term investors who have yet to initiate a position.\nWrapping it all up\nI'm a JD shareholder, and likely to remain so moving forward. What I had wanted to present in this article is to demonstrate why JD continues to trade at such low revenue multiples even as it continues to power ahead in its revenue growth. Investors should understand that although from the price action point of view JD I don't consider JD as a value trap, but I also don't consider JD as very attractive right now. It certainly deserves its current valuation and growth investors should taper their expectations in seeing the stock race ahead in the coming years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571302014333483","authorId":"3571302014333483","name":"WangWang99","avatar":"https://static.tigerbbs.com/fd291ad34521fc1ebab496105c2f882d","crmLevel":5,"crmLevelSwitch":0,"idStr":"3571302014333483","authorIdStr":"3571302014333483"},"content":"Pls response tq","text":"Pls response tq","html":"Pls response tq"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114674053,"gmtCreate":1623074223872,"gmtModify":1704195520286,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you.","listText":"Please like and comment. Thank you.","text":"Please like and comment. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/114674053","repostId":"1126396501","repostType":4,"repost":{"id":"1126396501","pubTimestamp":1623066356,"share":"https://ttm.financial/m/news/1126396501?lang=&edition=fundamental","pubTime":"2021-06-07 19:45","market":"us","language":"en","title":"Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded","url":"https://stock-news.laohu8.com/highlight/detail?id=1126396501","media":"cnbc","summary":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minim","content":"<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded</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\">\nAmazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">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","AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1126396501","content_text":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Amazon, Facebook and Google have all welcomed the historic agreement.The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday.The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Looking ahead, the G-7 hopes to achieve a wider agreement on the new tax proposals next month at a gathering of the expanded G-20 finance ministers.Asked whetherAmazonandFacebookwould be among the companies targeted by the proposal, U.S. Treasury Secretary Janet Yellen said she believes they would \"qualify by almost any definition.\"Here's how America's tech giants reacted to the news:AmazonAmazon said the agreement \"marks a welcome step forward\" in efforts to \"bring stability to the international tax system.\"\"We hope to see discussions continue to advance with the broader G20 and Inclusive Framework alliance,\" an Amazon spokesperson told CNBC by email.FacebookNick Clegg, Facebook's vice president for global affairs, welcomed the G-7 deal and said the social networking giant \"has long called for reform of the global tax rules.\"The agreement is a \"significant first step towards certainty for businesses and strengthening public confidence in the global tax system,\" Clegg tweeted Saturday.\"We want the international tax reform process to succeed and recognize this could mean Facebook paying more tax, and in different places.\"GoogleA spokesperson forGoogletold Sky Newsthat the company strongly supported the initiative and hoped for a \"balanced and durable\" agreement.Applewasn't immediately available for a comment on the G-7 agreement when contacted by CNBC.The tech tax debateTech giants have long been criticized for paying little in taxes despite their size. Amazon and other companies have been accused of avoiding tax by shifting revenue and profits through tax havens or low-tax countries. The companies insist they’re doing nothing wrong from a legal standpoint, which is why policymakers are calling for reforms.Amazon infamously paid no U.S. federal income tax in 2018, despite booking more than $11 billion in profits. The low tax bill stemmed largely from tax cuts in 2017, carryforward losses from years when the company wasn’t profitable, and tax credits for massive research and development investment and share-based employee compensation.Some countries, such as Britain, France and Italy, have introduced a digital services tax in an effort to rake in more cash from large tech firms. The aim was to implement a solution for the interim while global officials hash out details for international tax rules.But this has led to friction with the United States, which under President Donald Trump’s administration threatened to impose tariffs on French goods over the issue.Meanwhile, some analysts have argued the dealdoesn’t go far enough, while others said there was a long road ahead.George Dibb, head of the Centre for Economic Justice at the London-based Institute for Public Policy Research (IPPR), described the deal as a “major step forward,” but said there were still “big questions” surrounding the minimum tax level.“We would like to see something a lot closer to 25%,” he told CNBC Monday.“The Biden administration came into these negotiations with an opening offer of 21% but I think the big fight at the G-7 over Friday and Saturday was over the wording, about whether it would say ’15%′ or ‘at least 15%’ and because we have that wording now of ‘at least 15%’ the door is still open for negotiation,” he told Squawk Box Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574678811787226","authorId":"3574678811787226","name":"Sleepybear","avatar":"https://static.tigerbbs.com/f41ffbbaf78e15d931fd8d15b528e608","crmLevel":3,"crmLevelSwitch":0,"idStr":"3574678811787226","authorIdStr":"3574678811787226"},"content":"Please do rhe same","text":"Please do rhe same","html":"Please do rhe same"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111010289,"gmtCreate":1622643736441,"gmtModify":1704187968509,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/111010289","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","pubTimestamp":1622627641,"share":"https://ttm.financial/m/news/1188552613?lang=&edition=fundamental","pubTime":"2021-06-02 17:54","market":"us","language":"en","title":"AMC Stock Is Surging Again. How to Make Sense of the Move.","url":"https://stock-news.laohu8.com/highlight/detail?id=1188552613","media":"Barrons","summary":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, th","content":"<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of&nbsp;GameStop&nbsp;and&nbsp;BlackBerry&nbsp;into speculative territory.</p>\n<p>But it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.</p>\n<p>Shares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office.&nbsp;Shares were up another 34%, to $42.92, in premarket trading Wednesday.</p>\n<p>Even if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.</p>\n<p>AMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.</p>\n<p>So, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.</p>\n<p>Back then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.</p>\n<p>The upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&amp;P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.</p>\n<p>In those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.</p>\n<p>Maybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.</p>\n<p>If AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.</p>\n<p>Then, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&amp;P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.</p>\n<p>There are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.</p>\n<p>Also, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.</p>\n<p>AMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.</p>\n<p>There is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.</p>\n<p>AMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.</p>\n<p>Wall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.</p>\n<p>Analysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.</p>\n<p>And that’s just another way of saying that AMC bulls are a long way from making the math work.</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>AMC Stock Is Surging Again. How to Make Sense of the Move.</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\">\nAMC Stock Is Surging Again. How to Make Sense of the Move.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 17:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188552613","content_text":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.\nBut it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.\nShares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.\nEven if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.\nAMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.\nSo, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.\nBack then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.\nThe upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.\nIn those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.\nMaybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.\nIf AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.\nThen, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.\nThere are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.\nAlso, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.\nAMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.\nThere is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.\nAMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.\nWall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.\nAnalysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.\nAnd that’s just another way of saying that AMC bulls are a long way from making the math work.","news_type":1},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"content":"Like and Comment please","text":"Like and Comment please","html":"Like and Comment please"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169420917,"gmtCreate":1623848044139,"gmtModify":1703821255989,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please comment and like. Thank you","listText":"Please comment and like. Thank you","text":"Please comment and like. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/169420917","repostId":"1129059158","repostType":4,"repost":{"id":"1129059158","pubTimestamp":1623847403,"share":"https://ttm.financial/m/news/1129059158?lang=&edition=fundamental","pubTime":"2021-06-16 20:43","market":"us","language":"en","title":"Carnival and other cruise stocks get upgrade from Wolfe Research on bookings jump","url":"https://stock-news.laohu8.com/highlight/detail?id=1129059158","media":"cnbc","summary":"Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.The cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.Analyst Greg Badishkanian upgraded Carnival,Royal Caribbean and Norwegian Cruise Line Holdings to outperform from peer per","content":"<div>\n<p>Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.\nThe cruise industry was one of the hardest hit by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Carnival and other cruise stocks get upgrade from Wolfe Research on bookings jump</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarnival and other cruise stocks get upgrade from Wolfe Research on bookings jump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 20:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.\nThe cruise industry was one of the hardest hit by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮","NCLH":"挪威邮轮","RCL":"皇家加勒比邮轮"},"source_url":"https://www.cnbc.com/2021/06/16/cruise-stocks-carnival-norwegian-royal-caribbean-upgrade-wolfe-research.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129059158","content_text":"Early signs of customer demand for the return of vacations at sea should make investors more bullish on cruise stocks, according to Wolfe Research.\nThe cruise industry was one of the hardest hit by the pandemic, with voyages being stopped around the world, but with widespread vaccinations in the U.S., the major companies have plans toresume American operations over the summer.\nAnalyst Greg Badishkanian upgraded Carnival,Royal Caribbean and Norwegian Cruise Line Holdings to outperform from peer perform, saying in a note to clients on Wednesday that early indications pointed to a strong restart for the industry.\n“Our checks suggest improving booking / pricing trends out of North America over the past month, with stronger trends over the past week. While there is some lingering uncertainty surrounding the U.S. restart (CDC / Florida, etc.), we view those unknowns as largely transitory when viewed against the broader reopening backdrop,” the note said.\nBookings and demand are running ahead of pre-pandemic levels, according to Wolfe.\n“Cumulative 2022 bookings are now up approx. +10% to +15% versus 2019 levels with signs of improving 1Q demand (especially in January). Pricing is up in the +15% to 25% range vs. 2019 before factoring in [future cruise credits],” the note said.\nWolfe has price targets of $32 per share for Carnival, $96 for Royal Caribbean and $36 for Norwegian. Those represent upside of roughly 12%, 8% and 17%, respectively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118876459,"gmtCreate":1622729102971,"gmtModify":1704189946601,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you&nbsp;","listText":"Please like and comment. Thank you&nbsp;","text":"Please like and comment. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/118876459","repostId":"1156214856","repostType":4,"repost":{"id":"1156214856","pubTimestamp":1622724503,"share":"https://ttm.financial/m/news/1156214856?lang=&edition=fundamental","pubTime":"2021-06-03 20:48","market":"us","language":"en","title":"Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1156214856","media":"Barrons","summary":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7315af1167acf60f21395e4fe547e81\" tg-width=\"1260\" tg-height=\"840\"><span>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.</span></p>\n<p>Samantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.</p>\n<p>The money helped fund the now 41-year-old money manager’s education at Washington &amp; Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.</p>\n<p>Last year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion&nbsp;Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.</p>\n<p>We talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.</p>\n<p><b><i>Barron’s:</i></b><b>How is Patient Capital different from what you do at Miller Value?</b></p>\n<p><b>Samantha McLemore:</b>It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.</p>\n<p><b>What’s an example?</b></p>\n<p>Take&nbsp;Farfetch[FTCH],Stitch Fix[SFIX], or&nbsp;RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.</p>\n<p><b>How do you think the pandemic will reshape consumer behavior?</b></p>\n<p>The global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.</p>\n<p><b>What are some of the beneficiaries?</b></p>\n<p>We own&nbsp;Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as]&nbsp;Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.</p>\n<p><b>What do you make of the recent meme stocks and market behavior?</b></p>\n<p>As John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.</p>\n<p>Marginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.</p>\n<p><b>What is a classic value stock in your portfolio?</b></p>\n<p>We bought&nbsp;DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.</p>\n<p>What attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at&nbsp;Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.</p>\n<p>Now, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.</p>\n<p><b>Where else is the market overstating the disruption risk?</b></p>\n<p>ADT&nbsp;[ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.</p>\n<p><b>What’s the outlook for some of the growthier stocks in your portfolio?</b></p>\n<p>As I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and&nbsp;Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.</p>\n<p><b>What about the regulatory risk for these internet behemoths?</b></p>\n<p>What is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.</p>\n<p><b>Alibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?</b></p>\n<p>It’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.</p>\n<p><b>Are you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?</b></p>\n<p>I’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.</p>\n<p><b>What is a stock you own in Patient but not in Opportunity?</b></p>\n<p>Opportunity is a bigger fund and more constrained on smaller companies, like&nbsp;Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.</p>\n<p><b>Do you own any other smaller off-the-radar companies?</b></p>\n<p>Tivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.</p>\n<p>The company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.</p>\n<p>There’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.</p>\n<p><b>Thanks, Samantha.</b></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>Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. 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Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GOOGL":"谷歌A","GOOG":"谷歌","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156214856","content_text":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.\nThe money helped fund the now 41-year-old money manager’s education at Washington & Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.\nLast year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.\nWe talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.\nBarron’s:How is Patient Capital different from what you do at Miller Value?\nSamantha McLemore:It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.\nWhat’s an example?\nTake Farfetch[FTCH],Stitch Fix[SFIX], or RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.\nHow do you think the pandemic will reshape consumer behavior?\nThe global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.\nWhat are some of the beneficiaries?\nWe own Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as] Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.\nWhat do you make of the recent meme stocks and market behavior?\nAs John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.\nMarginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.\nWhat is a classic value stock in your portfolio?\nWe bought DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.\nWhat attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.\nNow, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.\nWhere else is the market overstating the disruption risk?\nADT [ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.\nWhat’s the outlook for some of the growthier stocks in your portfolio?\nAs I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.\nWhat about the regulatory risk for these internet behemoths?\nWhat is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.\nAlibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?\nIt’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.\nAre you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?\nI’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.\nWhat is a stock you own in Patient but not in Opportunity?\nOpportunity is a bigger fund and more constrained on smaller companies, like Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.\nDo you own any other smaller off-the-radar companies?\nTivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.\nThe company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.\nThere’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.\nThanks, Samantha.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168102833,"gmtCreate":1623957568522,"gmtModify":1703824649124,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168102833","repostId":"2144742524","repostType":4,"repost":{"id":"2144742524","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1623942517,"share":"https://ttm.financial/m/news/2144742524?lang=&edition=fundamental","pubTime":"2021-06-17 23:08","market":"us","language":"en","title":"Ford Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2144742524","media":"Investors","summary":"Ford joined GM with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck.","content":"<p><b>Ford</b> joined <b>General Motors</b> with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.</p>\n<p>The No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.</p>\n<p>That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.</p>\n<p>Ford did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.</p>\n<p>On Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.</p>\n<p>Also Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and <b>Tesla</b> Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.</p>\n<p>Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.</p>\n<p>CEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.</p>\n<h2>Ford Stock</h2>\n<p>Shares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.</p>\n<p>On Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.</p>\n<p>By comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.</p>\n<p>But Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.</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>Ford Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand</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\">\nFord Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-17 23:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Ford</b> joined <b>General Motors</b> with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.</p>\n<p>The No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.</p>\n<p>That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.</p>\n<p>Ford did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.</p>\n<p>On Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.</p>\n<p>Also Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and <b>Tesla</b> Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.</p>\n<p>Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.</p>\n<p>CEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.</p>\n<h2>Ford Stock</h2>\n<p>Shares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.</p>\n<p>On Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.</p>\n<p>By comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.</p>\n<p>But Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144742524","content_text":"Ford joined General Motors with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.\nThe No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.\nThat's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.\nFord did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.\nOn Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.\nAlso Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and Tesla Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.\nMeanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.\nCEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.\nFord Stock\nShares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.\nOn Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.\nBy comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.\nBut Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":836,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117708443,"gmtCreate":1623159806682,"gmtModify":1704197329891,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like.","listText":"Please like.","text":"Please like.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/117708443","repostId":"1150047118","repostType":4,"repost":{"id":"1150047118","pubTimestamp":1623166569,"share":"https://ttm.financial/m/news/1150047118?lang=&edition=fundamental","pubTime":"2021-06-08 23:36","market":"us","language":"en","title":"Zhangmen Education opens for trading at $17.74, up about 54% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1150047118","media":"MarketWatch","summary":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Educat","content":"<p>(June 8)&nbsp;Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.</p><p><img src=\"https://static.tigerbbs.com/2ca3205e02c5697cdb0d18b2dd329fd9\" tg-width=\"750\" tg-height=\"514\"></p><p>Zhangmen Education Inc.ZME,&nbsp;is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.</p><p>The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.</p><p>The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"</p><p>Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.</p><p>The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&amp;P 500SPX,-0.08%has advanced 10.6%.</p>","source":"market_watch","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>Zhangmen Education opens for trading at $17.74, up about 54% from IPO price</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\">\nZhangmen Education opens for trading at $17.74, up about 54% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial ...</p>\n\n<a href=\"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZME":"掌门教育"},"source_url":"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1150047118","content_text":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&P 500SPX,-0.08%has advanced 10.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115951843,"gmtCreate":1622947632682,"gmtModify":1704193589017,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you.","listText":"Please like and comment. Thank you.","text":"Please like and comment. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/115951843","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","pubTimestamp":1622855773,"share":"https://ttm.financial/m/news/1106312903?lang=&edition=fundamental","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p>\n<ul>\n <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>\n <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>\n <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li>\n</ul>\n<p>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p>\n<p>Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","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>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO</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\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MQ":"Marqeta, Inc.","DIBS":"1stdibs.com Inc.","TASK":"TaskUs Inc.","ZME":"掌门教育","BZ":"BOSS直聘",".DJI":"道琼斯","LFST":"LifeStance Health Group, Inc.",".IXIC":"NASDAQ Composite","ZETA":"Zeta Global Holdings Corp.",".SPX":"S&P 500 Index","MNDY":"Monday.com Ltd."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189320018,"gmtCreate":1623245963635,"gmtModify":1704199200774,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please respond. Thank you","listText":"Please respond. Thank you","text":"Please respond. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/189320018","repostId":"2142321626","repostType":4,"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574200728285353","authorId":"3574200728285353","name":"Kernsion","avatar":"https://static.tigerbbs.com/1ffac41f60c526771b9ca04ae229744f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3574200728285353","authorIdStr":"3574200728285353"},"content":"Done, reply pls","text":"Done, reply pls","html":"Done, reply pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114634959,"gmtCreate":1623071749071,"gmtModify":1704195423072,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comments. Thank you.","listText":"Please like and comments. Thank you.","text":"Please like and comments. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114634959","repostId":"1122556332","repostType":4,"repost":{"id":"1122556332","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":1623066392,"share":"https://ttm.financial/m/news/1122556332?lang=&edition=fundamental","pubTime":"2021-06-07 19:46","market":"us","language":"en","title":"Toplines Before US Market Open on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1122556332","media":"Tiger Newspress","summary":"U.S. stock futures were relatively flat Monday after theDow Jones Industrial Average, S&P 500 and Na","content":"<ul><li>U.S. stock futures&nbsp;were relatively flat Monday after theDow Jones Industrial Average, S&amp;P 500 and Nasdaq rallied on Friday.</li><li>AMC shares muted after skyrocketing in a wild trading week</li><li>Tesla dropped in premarket trading after canceling plans for a longer-range sedan.</li></ul><p>(June 7)&nbsp;U.S. equity-index futures were mixed, paring earlier losses, as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. Treasuries fell, while the dollar erased a gain.</p><p>Futures on the Nasdaq 100 declined, while contracts on S&amp;P 500 and Dow Jones Industrial Average were little changed.</p><p>At 7:48 a.m. ET, Dow e-minis were up 29 points, or 0.08%, S&amp;P 500 e-minis were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.</p><p><img src=\"https://static.tigerbbs.com/7809f0cc561549e03bb88eba51a7637a\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p><b>Investors were wary how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%,</b> although securing approval not to mention enforcement from the whole G20 could be a tall order. So far, the reaction was muted with Nasdaq futures down 0.4%, highlighting investor concern that a pure growth narrative may no longer be enough to support stocks. Technology shares underperformed in Europe as well, with the benchmark gauge for the sector falling from the highest level since April.</p><p>“I would assume that it (the tax deal) is not helping the market in the sense that these Internet giants are going to be taxed more....it has an impact on sentiment in equity markets, but the reality is it has already been priced in,” said Sebastien Galy, senior macro strategist at Nordea Asset Management. “So even though equity markets in the U.S. are under pressure on the futures side, I’d expect it not to last till the end of the day.”</p><p><b>Tesla fell 0.34</b>% in&nbsp;premarket&nbsp;trading,&nbsp;after Chief Executive Officer Elon Musk tweeted on Sunday the Model S Plaid+ will be canceled.</p><p><img src=\"https://static.tigerbbs.com/da04a6ee3c5f4dd4a76857103639e610\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\">Shares of&nbsp;AMC Entertainmentwere muted in Monday's premarket after in a wild week that saw the stock surge more than 80% despite declines Thursday and Friday. The movie theater chain last week sold addition shares in two tranches,raising some $817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company wants to issue an additional 25 million shares.</p><p><img src=\"https://static.tigerbbs.com/154a049f1c3b5f5352fb2aac7a6fc6c6\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p><p>The 10-year rate added two basis points after Treasury Secretary Janet Yellen said on Sunday a slightly higher interest-rate environment would be a plus.</p><p>Oil in New York slipped after rising to $70 per barrel as short-term demand worries continued.</p><p>Bitcoin rebounded above $36,500 after a roller-coaster ride over the weekend amid a cryptocurrency crackdown in China.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – CEO Jeff Bezos announced that he and his brother Markwill join an auction winneraboard the first human spaceflight by Bezos' Blue Origin on July 20. Bezos is set to step down as Amazon CEO on July 5 in favor of Andy Jassy.</p><p><b>2)&nbsp;U.S. Concrete(USCR) </b>– The concrete supplier agreed to be bought by construction materials makerVulcan Materials(VMC) for $74 per share in cash, or about $1.29 billion. That's a nearly 30% premium over U.S. Concrete's Friday closing price of $57.14. U.S. Concrete shares soared 27.7% in premarket action.</p><p><b>3)&nbsp;G-III Apparel(GIII) </b>– The apparel maker reported quarterly earnings of 53 cents per share, compared to a 15 cents a share consensus estimate. Revenue also came in above Wall Street forecasts. G-III issued an upbeat full-year outlook as well, noting growth in sales of its sportswear and wear-to-work attire. Its shares rallied 5.8% in premarket trading.</p><p><b>4)&nbsp;Blackstone(BX),Carlyle Group(CG) </b>– The two private-equity firms, along with Hellman &amp; Friedman, agreed to buy medical supplies company Medline Industries for about $34 billion including debt, according to people familiar with the matter who spoke to The Wall Street Journal. That would be the largest leveraged buyout deal since the 2008 financial crisis. Separately, the Journal reports that Blackstone will announce a deal to buy data center operatorQTS Realty Trust(QTS) for $6.7 billion. QTS shares leaped 19.8% in the premarket.</p><p><b>5)&nbsp;“Meme” stocks</b> – These stocks will remain in the spotlight, after wide swings last week for the likes ofAMC Entertainment(AMC),Bed Bath &amp; Beyond(BBBY),GameStop(GME),BlackBerry(BB) andKoss Corp(KOSS). The biggest premarket moves came from BlackBerry, up 1.4% and Koss, down 2.7%.</p><p><b>6)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown Motors received a delinquency notice from Nasdaq due to a late filing for its quarterly report. The electric vehicle company said it does intend to file its form 10-Q as soon as possible.</p><p><b>7)&nbsp;Biogen(BIIB) </b>– The drugmaker’s shares gained 2.2% in the premarket ahead of an expected ruling by the Food and Drug Administration on Biogen’s experimental Alzheimer’s treatment aducanumab. The drug would be the first major drug approved for Alzheimer’s, but some experts say there’s not enough evidence the treatment provides meaningful benefit.</p><p><b>8)&nbsp;Tesla(TSLA) </b>– Teslahas canceled productionof its planned Tesla Model S Plaid+, a high-end version of the Model S with a projected range of 520 miles. The Tesla Model S Plaid – with a projected range of 390 miles – is set to be released next week.</p><p><b>9)&nbsp;Microsoft(MSFT) </b>– Microsoft won approval from U.S. antitrust regulators for its $16 billion deal to buy artificial intelligence companyNuance Communications(NUAN). Microsoft said reviews are still taking place in other jurisdictions, but that it expected to close the deal by the end of 2021.</p><p><b>10)&nbsp;KKR(KKR)</b> – KKR will buy airport services company Atlantic Aviation from current ownerMacquarie Infrastructure(MIC) for nearly $4.5 billion, seeking to benefit from growing demand for private jet services. KKR added 1.5% in premarket action.</p><p><b>11)&nbsp;Visa(V)</b> – Visa was upgraded to “overweight” from “neutral” at Piper Sandler, which said it expected the payments network operator to benefit more from the vaccine-driven U.S. recovery than rivalMastercard(MA). Visa added 1.1% in the premarket.</p><p><b>12)&nbsp;Peloton(PTON) </b>– The fitness equipment maker was rated “buy” in new coverage at Loop Capital, which notes a 40% drop from January highs and an expectation that the financial impact of the company’s treadmill recalls is likely overstated. Peloton rose 1.2% in premarket trading.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Monday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-07 19:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>U.S. stock futures&nbsp;were relatively flat Monday after theDow Jones Industrial Average, S&amp;P 500 and Nasdaq rallied on Friday.</li><li>AMC shares muted after skyrocketing in a wild trading week</li><li>Tesla dropped in premarket trading after canceling plans for a longer-range sedan.</li></ul><p>(June 7)&nbsp;U.S. equity-index futures were mixed, paring earlier losses, as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. Treasuries fell, while the dollar erased a gain.</p><p>Futures on the Nasdaq 100 declined, while contracts on S&amp;P 500 and Dow Jones Industrial Average were little changed.</p><p>At 7:48 a.m. ET, Dow e-minis were up 29 points, or 0.08%, S&amp;P 500 e-minis were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.</p><p><img src=\"https://static.tigerbbs.com/7809f0cc561549e03bb88eba51a7637a\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p><b>Investors were wary how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%,</b> although securing approval not to mention enforcement from the whole G20 could be a tall order. So far, the reaction was muted with Nasdaq futures down 0.4%, highlighting investor concern that a pure growth narrative may no longer be enough to support stocks. Technology shares underperformed in Europe as well, with the benchmark gauge for the sector falling from the highest level since April.</p><p>“I would assume that it (the tax deal) is not helping the market in the sense that these Internet giants are going to be taxed more....it has an impact on sentiment in equity markets, but the reality is it has already been priced in,” said Sebastien Galy, senior macro strategist at Nordea Asset Management. “So even though equity markets in the U.S. are under pressure on the futures side, I’d expect it not to last till the end of the day.”</p><p><b>Tesla fell 0.34</b>% in&nbsp;premarket&nbsp;trading,&nbsp;after Chief Executive Officer Elon Musk tweeted on Sunday the Model S Plaid+ will be canceled.</p><p><img src=\"https://static.tigerbbs.com/da04a6ee3c5f4dd4a76857103639e610\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\">Shares of&nbsp;AMC Entertainmentwere muted in Monday's premarket after in a wild week that saw the stock surge more than 80% despite declines Thursday and Friday. The movie theater chain last week sold addition shares in two tranches,raising some $817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company wants to issue an additional 25 million shares.</p><p><img src=\"https://static.tigerbbs.com/154a049f1c3b5f5352fb2aac7a6fc6c6\" tg-width=\"662\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p><p>The 10-year rate added two basis points after Treasury Secretary Janet Yellen said on Sunday a slightly higher interest-rate environment would be a plus.</p><p>Oil in New York slipped after rising to $70 per barrel as short-term demand worries continued.</p><p>Bitcoin rebounded above $36,500 after a roller-coaster ride over the weekend amid a cryptocurrency crackdown in China.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – CEO Jeff Bezos announced that he and his brother Markwill join an auction winneraboard the first human spaceflight by Bezos' Blue Origin on July 20. Bezos is set to step down as Amazon CEO on July 5 in favor of Andy Jassy.</p><p><b>2)&nbsp;U.S. Concrete(USCR) </b>– The concrete supplier agreed to be bought by construction materials makerVulcan Materials(VMC) for $74 per share in cash, or about $1.29 billion. That's a nearly 30% premium over U.S. Concrete's Friday closing price of $57.14. U.S. Concrete shares soared 27.7% in premarket action.</p><p><b>3)&nbsp;G-III Apparel(GIII) </b>– The apparel maker reported quarterly earnings of 53 cents per share, compared to a 15 cents a share consensus estimate. Revenue also came in above Wall Street forecasts. G-III issued an upbeat full-year outlook as well, noting growth in sales of its sportswear and wear-to-work attire. Its shares rallied 5.8% in premarket trading.</p><p><b>4)&nbsp;Blackstone(BX),Carlyle Group(CG) </b>– The two private-equity firms, along with Hellman &amp; Friedman, agreed to buy medical supplies company Medline Industries for about $34 billion including debt, according to people familiar with the matter who spoke to The Wall Street Journal. That would be the largest leveraged buyout deal since the 2008 financial crisis. Separately, the Journal reports that Blackstone will announce a deal to buy data center operatorQTS Realty Trust(QTS) for $6.7 billion. QTS shares leaped 19.8% in the premarket.</p><p><b>5)&nbsp;“Meme” stocks</b> – These stocks will remain in the spotlight, after wide swings last week for the likes ofAMC Entertainment(AMC),Bed Bath &amp; Beyond(BBBY),GameStop(GME),BlackBerry(BB) andKoss Corp(KOSS). The biggest premarket moves came from BlackBerry, up 1.4% and Koss, down 2.7%.</p><p><b>6)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown Motors received a delinquency notice from Nasdaq due to a late filing for its quarterly report. The electric vehicle company said it does intend to file its form 10-Q as soon as possible.</p><p><b>7)&nbsp;Biogen(BIIB) </b>– The drugmaker’s shares gained 2.2% in the premarket ahead of an expected ruling by the Food and Drug Administration on Biogen’s experimental Alzheimer’s treatment aducanumab. The drug would be the first major drug approved for Alzheimer’s, but some experts say there’s not enough evidence the treatment provides meaningful benefit.</p><p><b>8)&nbsp;Tesla(TSLA) </b>– Teslahas canceled productionof its planned Tesla Model S Plaid+, a high-end version of the Model S with a projected range of 520 miles. The Tesla Model S Plaid – with a projected range of 390 miles – is set to be released next week.</p><p><b>9)&nbsp;Microsoft(MSFT) </b>– Microsoft won approval from U.S. antitrust regulators for its $16 billion deal to buy artificial intelligence companyNuance Communications(NUAN). Microsoft said reviews are still taking place in other jurisdictions, but that it expected to close the deal by the end of 2021.</p><p><b>10)&nbsp;KKR(KKR)</b> – KKR will buy airport services company Atlantic Aviation from current ownerMacquarie Infrastructure(MIC) for nearly $4.5 billion, seeking to benefit from growing demand for private jet services. KKR added 1.5% in premarket action.</p><p><b>11)&nbsp;Visa(V)</b> – Visa was upgraded to “overweight” from “neutral” at Piper Sandler, which said it expected the payments network operator to benefit more from the vaccine-driven U.S. recovery than rivalMastercard(MA). Visa added 1.1% in the premarket.</p><p><b>12)&nbsp;Peloton(PTON) </b>– The fitness equipment maker was rated “buy” in new coverage at Loop Capital, which notes a 40% drop from January highs and an expectation that the financial impact of the company’s treadmill recalls is likely overstated. Peloton rose 1.2% in premarket trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122556332","content_text":"U.S. stock futures were relatively flat Monday after theDow Jones Industrial Average, S&P 500 and Nasdaq rallied on Friday.AMC shares muted after skyrocketing in a wild trading weekTesla dropped in premarket trading after canceling plans for a longer-range sedan.(June 7) U.S. equity-index futures were mixed, paring earlier losses, as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. Treasuries fell, while the dollar erased a gain.Futures on the Nasdaq 100 declined, while contracts on S&P 500 and Dow Jones Industrial Average were little changed.At 7:48 a.m. ET, Dow e-minis were up 29 points, or 0.08%, S&P 500 e-minis were down 2.25 points, or 0.05%, and Nasdaq 100 e-minis were down 26.75 points, or 0.19%.Investors were wary how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%, although securing approval not to mention enforcement from the whole G20 could be a tall order. So far, the reaction was muted with Nasdaq futures down 0.4%, highlighting investor concern that a pure growth narrative may no longer be enough to support stocks. Technology shares underperformed in Europe as well, with the benchmark gauge for the sector falling from the highest level since April.“I would assume that it (the tax deal) is not helping the market in the sense that these Internet giants are going to be taxed more....it has an impact on sentiment in equity markets, but the reality is it has already been priced in,” said Sebastien Galy, senior macro strategist at Nordea Asset Management. “So even though equity markets in the U.S. are under pressure on the futures side, I’d expect it not to last till the end of the day.”Tesla fell 0.34% in premarket trading, after Chief Executive Officer Elon Musk tweeted on Sunday the Model S Plaid+ will be canceled.Shares of AMC Entertainmentwere muted in Monday's premarket after in a wild week that saw the stock surge more than 80% despite declines Thursday and Friday. The movie theater chain last week sold addition shares in two tranches,raising some $817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company wants to issue an additional 25 million shares.The 10-year rate added two basis points after Treasury Secretary Janet Yellen said on Sunday a slightly higher interest-rate environment would be a plus.Oil in New York slipped after rising to $70 per barrel as short-term demand worries continued.Bitcoin rebounded above $36,500 after a roller-coaster ride over the weekend amid a cryptocurrency crackdown in China.Stocks making the biggest moves in the premarket:1) Amazon.com(AMZN) – CEO Jeff Bezos announced that he and his brother Markwill join an auction winneraboard the first human spaceflight by Bezos' Blue Origin on July 20. Bezos is set to step down as Amazon CEO on July 5 in favor of Andy Jassy.2) U.S. Concrete(USCR) – The concrete supplier agreed to be bought by construction materials makerVulcan Materials(VMC) for $74 per share in cash, or about $1.29 billion. That's a nearly 30% premium over U.S. Concrete's Friday closing price of $57.14. U.S. Concrete shares soared 27.7% in premarket action.3) G-III Apparel(GIII) – The apparel maker reported quarterly earnings of 53 cents per share, compared to a 15 cents a share consensus estimate. Revenue also came in above Wall Street forecasts. G-III issued an upbeat full-year outlook as well, noting growth in sales of its sportswear and wear-to-work attire. Its shares rallied 5.8% in premarket trading.4) Blackstone(BX),Carlyle Group(CG) – The two private-equity firms, along with Hellman & Friedman, agreed to buy medical supplies company Medline Industries for about $34 billion including debt, according to people familiar with the matter who spoke to The Wall Street Journal. That would be the largest leveraged buyout deal since the 2008 financial crisis. Separately, the Journal reports that Blackstone will announce a deal to buy data center operatorQTS Realty Trust(QTS) for $6.7 billion. QTS shares leaped 19.8% in the premarket.5) “Meme” stocks – These stocks will remain in the spotlight, after wide swings last week for the likes ofAMC Entertainment(AMC),Bed Bath & Beyond(BBBY),GameStop(GME),BlackBerry(BB) andKoss Corp(KOSS). The biggest premarket moves came from BlackBerry, up 1.4% and Koss, down 2.7%.6) Lordstown Motors(RIDE) – Lordstown Motors received a delinquency notice from Nasdaq due to a late filing for its quarterly report. The electric vehicle company said it does intend to file its form 10-Q as soon as possible.7) Biogen(BIIB) – The drugmaker’s shares gained 2.2% in the premarket ahead of an expected ruling by the Food and Drug Administration on Biogen’s experimental Alzheimer’s treatment aducanumab. The drug would be the first major drug approved for Alzheimer’s, but some experts say there’s not enough evidence the treatment provides meaningful benefit.8) Tesla(TSLA) – Teslahas canceled productionof its planned Tesla Model S Plaid+, a high-end version of the Model S with a projected range of 520 miles. The Tesla Model S Plaid – with a projected range of 390 miles – is set to be released next week.9) Microsoft(MSFT) – Microsoft won approval from U.S. antitrust regulators for its $16 billion deal to buy artificial intelligence companyNuance Communications(NUAN). Microsoft said reviews are still taking place in other jurisdictions, but that it expected to close the deal by the end of 2021.10) KKR(KKR) – KKR will buy airport services company Atlantic Aviation from current ownerMacquarie Infrastructure(MIC) for nearly $4.5 billion, seeking to benefit from growing demand for private jet services. KKR added 1.5% in premarket action.11) Visa(V) – Visa was upgraded to “overweight” from “neutral” at Piper Sandler, which said it expected the payments network operator to benefit more from the vaccine-driven U.S. recovery than rivalMastercard(MA). Visa added 1.1% in the premarket.12) Peloton(PTON) – The fitness equipment maker was rated “buy” in new coverage at Loop Capital, which notes a 40% drop from January highs and an expectation that the financial impact of the company’s treadmill recalls is likely overstated. Peloton rose 1.2% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118870451,"gmtCreate":1622728992073,"gmtModify":1704189940109,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;[Cool]&nbsp;","listText":"[Smile]&nbsp;[Cool]&nbsp;","text":"[Smile] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/118870451","repostId":"1156214856","repostType":4,"repost":{"id":"1156214856","pubTimestamp":1622724503,"share":"https://ttm.financial/m/news/1156214856?lang=&edition=fundamental","pubTime":"2021-06-03 20:48","market":"us","language":"en","title":"Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1156214856","media":"Barrons","summary":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7315af1167acf60f21395e4fe547e81\" tg-width=\"1260\" tg-height=\"840\"><span>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.</span></p>\n<p>Samantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.</p>\n<p>The money helped fund the now 41-year-old money manager’s education at Washington &amp; Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.</p>\n<p>Last year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion&nbsp;Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.</p>\n<p>We talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.</p>\n<p><b><i>Barron’s:</i></b><b>How is Patient Capital different from what you do at Miller Value?</b></p>\n<p><b>Samantha McLemore:</b>It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.</p>\n<p><b>What’s an example?</b></p>\n<p>Take&nbsp;Farfetch[FTCH],Stitch Fix[SFIX], or&nbsp;RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.</p>\n<p><b>How do you think the pandemic will reshape consumer behavior?</b></p>\n<p>The global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.</p>\n<p><b>What are some of the beneficiaries?</b></p>\n<p>We own&nbsp;Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as]&nbsp;Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.</p>\n<p><b>What do you make of the recent meme stocks and market behavior?</b></p>\n<p>As John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.</p>\n<p>Marginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.</p>\n<p><b>What is a classic value stock in your portfolio?</b></p>\n<p>We bought&nbsp;DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.</p>\n<p>What attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at&nbsp;Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.</p>\n<p>Now, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.</p>\n<p><b>Where else is the market overstating the disruption risk?</b></p>\n<p>ADT&nbsp;[ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.</p>\n<p><b>What’s the outlook for some of the growthier stocks in your portfolio?</b></p>\n<p>As I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and&nbsp;Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.</p>\n<p><b>What about the regulatory risk for these internet behemoths?</b></p>\n<p>What is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.</p>\n<p><b>Alibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?</b></p>\n<p>It’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.</p>\n<p><b>Are you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?</b></p>\n<p>I’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.</p>\n<p><b>What is a stock you own in Patient but not in Opportunity?</b></p>\n<p>Opportunity is a bigger fund and more constrained on smaller companies, like&nbsp;Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.</p>\n<p><b>Do you own any other smaller off-the-radar companies?</b></p>\n<p>Tivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.</p>\n<p>The company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.</p>\n<p>There’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.</p>\n<p><b>Thanks, Samantha.</b></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>Alibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.</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\">\nAlibaba, Alphabet, and Amazon Stock Are Bargains, This Value Manager Says. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GOOGL":"谷歌A","GOOG":"谷歌","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/why-alibaba-alphabet-and-amazon-stock-are-bargains-samantha-mclemore-51622716200?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156214856","content_text":"Patient Capital’s Samantha McLemore says Facebook, Alphabet, and Amazon could benefit from a breakup.\nSamantha McLemore’s introduction to investing was as a teenager in the 1990s, when her father sought her input on whether to sell shares of Dell, a stock in which he had invested some of the settlement that McLemore received after a dog bit her when she was a child.\nThe money helped fund the now 41-year-old money manager’s education at Washington & Lee University, where she first met value-investing veteran Bill Miller, whom she has worked with for 20 years.\nLast year, McLemore launched her own firm, Patient Capital Management, building on a separately managed account she began running in 2014 that she turned into the Patient hedge fund last July. McLemore’s new firm shares the same operating structure as Miller Value Partners, where she still co-manages the $2.9 billion Miller Opportunity Trust(ticker: LGOAX) with Miller. The fund has returned an average 24% a year over the past five years, beating 99% of its peers.\nWe talked with McLemore about the “buy what you know” type of Peter Lynch stocks her team is uncovering at Patient, the reason that Alibaba is one of her favorite stocks, and why she sees a bright future for fitness company SilverSneakers. Edited excerpts follow.\nBarron’s:How is Patient Capital different from what you do at Miller Value?\nSamantha McLemore:It’s more of an evolution. Patient is very similar in philosophy and practice. One thing motivating me is that I think it’s important to have female role models. We are starting to—with people like [ARK Invest’s] Cathie Wood—but we need more. That also flows into the portfolio. We have, for example, more companies with women CEOs, not because we have targeted that, but just that we have a different perspective and find opportunities in different areas.\nWhat’s an example?\nTake Farfetch[FTCH],Stitch Fix[SFIX], or RealReal[REAL]—all companies where part of the reason we found them is that our analyst is very interested in luxury, and she has used those sites. It’s classic Peter Lynch [Fidelity’s longtime Magellan fund manager]: What you use and see in the real world can represent investment opportunities. As we talked to men, there wasn’t that much understanding of these companies. That’s part of the benefit of the diversification of perspectives and life experiences that can lead to different ideas that go into the portfolio.\nHow do you think the pandemic will reshape consumer behavior?\nThe global financial crisis was traumatic for people, and had a direct impact in terms of making people risk- and volatility-phobic. Early in the pandemic, because cruise ships were the worst place for spread, the view was people will never cruise again. Recovery plays have been a big source of return, and we still see opportunity. There’s a ton of pent-up demand, so I see the potential for the analogy to the Roaring ’20s.\nWhat are some of the beneficiaries?\nWe own Norwegian Cruise Line Holdings[NCLH], which has the balance sheet capacity to weather [this period]. We think there will be really good demand. Another is corporate travel and how impaired it will be. [Air carriers such as] Delta Air Lines[DAL] have improved their cost structure, so [the business-travel recovery] is a free call—and we know a certain amount will come back.\nWhat do you make of the recent meme stocks and market behavior?\nAs John Templeton said: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. Most of the past decade, we oscillated from pessimism to skepticism. We think we are more in the optimism [phase], with pockets of euphoria in higher-growth areas of the market.\nMarginally higher inflation would [create pressure] for stocks that are expensive. We are just starting to see a reversal [in more speculative stocks], with more interest in value strategies. There’s a whole generation that hasn’t experienced value-led markets.\nWhat is a classic value stock in your portfolio?\nWe bought DXC Technology[DXC], an information-technology services company, last spring. It hit almost $100 in 2018 and got down to $8 in 2020 amid internal operational challenges, with employees demoralized after a series of mergers and acquisitions, and external challenges with the shift to the cloud.\nWhat attracted us was a new chief executive, Mike Salvino, who did an amazing job of growing and building a similar business at Accenture.His level of intensity is above and beyond anything I’ve witnessed. This is a people business, and he rebuilt talent, bringing in a lot of [people] who had worked with him before—always a good sign—and personally fixed customer relationships.\nNow, he is going deeper into the organization, with calls on Saturdays with more-junior employees to get their perspectives. He has made a lot of progress, but there’s more. In a couple of years, we think DXC can earn $4 to $5 a share. The stock is still around $36. If it improves margins and sales trajectory, it could trade closer to peers with a midteens multiple or higher, implying a $75-plus stock.\nWhere else is the market overstating the disruption risk?\nADT [ADT] has an excellent management team and generates significant amounts of free cash flow. The market’s concern about newer security options has weighed on the stock. We disagree with the perceived risk. It’s trading at less than $10; we think it’s worth $16.\nWhat’s the outlook for some of the growthier stocks in your portfolio?\nAs I think about growth, there are the more proven secular leaders, like [Google owner]Alphabet[GOOGL],Facebook[FB],Amazon.com[AMZN], and Alibaba Group Holding[BABA]. Given their valuation, growth, and cash generation—and their competitive advantages—you can hardly find better long-term values. Facebook, for example, trades at about 21 times next year’s earnings, and crushed revenue-growth expectations in the most recent quarter. People expect that to decline, but it should still grow [revenue] around 20%.\nWhat about the regulatory risk for these internet behemoths?\nWhat is the worst case? Breaking up these businesses, in a lot of cases, would be helpful to the stocks. That’s especially true for Amazon or Alphabet, where you could break off the cloud business or [Alphabet’s autonomous-driving subsidiary] Waymo, and those would trade for much higher valuations than when embedded in the whole. With Facebook, it’s tougher because it’s so connected to Instagram. But if you broke up WhatsApp, that could trade much higher than where it is valued. Even the worst-case risk is a benefit. The bigger risk is tax rates going up—but at these valuations, that is priced in.\nAlibaba is facing intense regulatory scrutiny and has fallen 29% since November. What’s the attraction?\nIt’s one of my favorite names. Alibaba is trading at 21 times forward earnings, and growing even faster than other internet companies. The reasons for the decline include the regulatory and competitive pressures, which are well priced in. Regulators have moved on to other commerce players. I think it’s past the worst of it.\nAre you concerned about their spending plans in areas where they don’t have an edge, such as bricks-and-mortar stores?\nI’m not sure it’s the best call. But if you look at fiscal 2024, it’s trading at 11 or 12 times. I don’t think investing hurts their core earnings power, and if they succeed, they become more dominant and grow their total addressable market. I don’t think it’s a negative to try, as long as there is discipline to pull the plug if it’s not working.\nWhat is a stock you own in Patient but not in Opportunity?\nOpportunity is a bigger fund and more constrained on smaller companies, like Avid Technology[AVID], which makes software and systems for music editing and is big in movie production. The company had been mismanaged, but activists at Impactive Capital have helped bring in a good team and focus them on their core business, where they have an advantage. Avid just had an analyst day that got the market really excited about its growth prospects and free-cash-flow generation prospects over the next five years. It still looks cheap. If you look at free cash flow in 2025 before acquisitions, it suggests a 10% free-cash-flow yield. It’s growing double digits from here, could do some acquisitions, and has a strong competitive position with products that are top-of-line and have pricing power.\nDo you own any other smaller off-the-radar companies?\nTivity Health[TVTY] has a $1.2 billion market cap and is best known for its SilverSneakers brand. Health plans pay the company, which provides access to gyms so seniors can have fitness and social interaction.\nThe company had bought Nutrisystem, which turned out to be a disaster, sold it, and got a new chief executive. With gyms shut down last year during the pandemic, Tivity created a digital product, and now the people engaging with it are different from those who were the core gym users. It’s going to generate $1.50 in earnings per share this year and is trading at about 17 times earnings. It will generate $1.60 a share in free cash flow next year, with a 6% free-cash-flow yield.\nThere’s huge growth in seniors overall. Tivity wants to be the company that can digitally engage seniors, and its intention is to add more services. We see a very long horizon for this company to be able to grow double digits, just based on market growth and the different offerings it can bring to members. It’s a company with long-term compounding potential.\nThanks, Samantha.","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180111085,"gmtCreate":1623194463547,"gmtModify":1704197911339,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment.","listText":"Please like and comment.","text":"Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180111085","repostId":"1170952459","repostType":4,"repost":{"id":"1170952459","pubTimestamp":1623167947,"share":"https://ttm.financial/m/news/1170952459?lang=&edition=fundamental","pubTime":"2021-06-08 23:59","market":"us","language":"en","title":"Most Shorted Stocks Update: Here Come The Microcaps... Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1170952459","media":"zerohedge","summary":"Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first o","content":"<p>Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first of coursebeing the post that sparked much of the meme stock insanity), we hinted (since we are not \"advisors\") to our readers to look at all the other most shorted small cap companies in the Russell 2000 - specifically those with a short interest at 20% or more of float listed below...</p><p><img src=\"https://static.tigerbbs.com/a96486e70e3ff99811a7104e5fe5d9d1\" tg-width=\"841\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>...... and buy an equal-weighted basket of these, to wit:</p><blockquote><i>If the performance of our previous most shorted index is any indication, going long a market cap-weighted basket of these names - and especially the smaller, less liquid ones - could turn out to be the trade of the year, if not a lifetime.</i></blockquote><p>Less than a week later, this basket is up more than 15% in value. To all those who put it on, congratulations.</p><p><img src=\"https://static.tigerbbs.com/7e753112263e261d9bbcc18e9404318b\" tg-width=\"512\" tg-height=\"266\" referrerpolicy=\"no-referrer\"></p><p>But in a world where there is now over $30 trillion in excess central bank liquidity, and where no logic or fundamentals make sense, the short squeeze insanity appears to be accelerating with every passing day: and while AMC is positively dormant today, it is GME that has taken its spot and is surging as much as 25%...</p><p><img src=\"https://static.tigerbbs.com/9b807cbb591000fc0f75415598caf7d2\" tg-width=\"1280\" tg-height=\"703\" referrerpolicy=\"no-referrer\"></p><p>... while another most shorted name we flagged previously, Clover Health, has exploded more than 100%.</p><p><img src=\"https://static.tigerbbs.com/73fd979e6e954102a1d8a311f3a96763\" tg-width=\"1280\" tg-height=\"705\" referrerpolicy=\"no-referrer\"></p><p>But in a notable shift from previous days,<b>it now appears that even the microcaps are starting to run.</b></p><p>Case in point, microcap Windln.de, a German online retailer for baby and toddler products, which soared as much as 104% on Tuesday, following a 133% jump on Monday, as the company's massive short interest was the topic of discussion on various message boards. The ramp was accelerated when German newspaper Bild also highlighted the gains in Monday’s edition.</p><p>While the company's fundamentals are garbage - with Windeln.de’s market value falling about 95% since listing shares in 2015, as the company undertook a restructuring in 2018 and a reverse stock split in 2019 - that did not matter as th squeeze busters sniffed out its massive 200% SI and limited float, which according to Bloomberg is just 30% of the shares outstanding.</p><p><img src=\"https://static.tigerbbs.com/e4836e0ef79c23cef818f7977ea50ffc\" tg-width=\"1198\" tg-height=\"665\" referrerpolicy=\"no-referrer\"></p><p>The move in WDL, whose market cap was about €10MM at the start of the surge, suggests that the shorthunters have again expanded their universe of squeeze candidates, which brings us back to our post from late January, when we looked at the most shorted microcap stocks, those which in many cases traded in the subpenny range and are lucky to have a $1 million market cap.</p><p>So in the name of market efficiency, we decided to recreate our screen of most shorted microcap/pennystock names, using Bloomberg data.</p><p>The screen, shown below, captures not only the popular meme/Reddit stocks such as Bed Bath, Workhorse and Clover Health which we first profiled last week,<b>but also expands into those stocks that have a substantial short interest as a % of float - in some cases with a potentially large naked short overhang as their SI as % of float is above 100% - in the microcap space, i.e. with a market cap of a few million or less.</b></p><p>The list includes such names as Solar Integrated (SIRC) with a 55% short interest; OPETC International (OPTI) with 153% of the float shorted, the strategically named Renewable Energy And Power (RBNW) which is 50% shorted and even includes such old favorites as Saddle Ranch Media (SRMX), which we first profiled in January,<b>and which thenwent on to generate a 3,800% return in two weeks!</b></p><p><img src=\"https://static.tigerbbs.com/2e16c293916ce8c5eb7cc3851df51c05\" tg-width=\"1123\" tg-height=\"571\" referrerpolicy=\"no-referrer\"></p><p>And so, without further ado, here is the latest and greatest list of most shorted US-listed companies, including not only the mid/large caps such as NKLA, CLV, BBBY and WKHS which have already soared in the past weeks, but also the pennystocks such as SIRC, OPTI, GVSI, VDRM, HRAL, ASKE, SRMX and others, which may be coiled and just waiting to pounce as the next short squeeze wave rolls in.</p><p><img src=\"https://static.tigerbbs.com/f94d63c56f2b7c8b0e1f101c1fd91b16\" tg-width=\"867\" tg-height=\"1074\" referrerpolicy=\"no-referrer\"></p><p>As usual, for those who believe that the best way to beat the prevailing market madness is to simply join it, the easiest way will be to create an equal-weighted basket of these names and to just wait until the short-squeeze brigade comes in hot. Because if the performance of our previous most shorted indexes is any indication, going long a market cap-weighted basket of these names - especially the smaller, least liquid microcaps - could turn out to be the trade of the year, if not a lifetime.</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>Most Shorted Stocks Update: Here Come The Microcaps... Again</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\">\nMost Shorted Stocks Update: Here Come The Microcaps... Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 23:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first of coursebeing the post that sparked much of the meme stock insanity), we hinted (since we are not \"...</p>\n\n<a href=\"https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GEO":"GEO惩教集团","SRG":"Seritage Growth Properties","PETS":"PetMed Express","GOGO":"Gogo Inc.","IGMS":"IGM Biosciences","OTRK":"Ontrak, Inc.","PGEN":"Precigen","FLGT":"Fulgent Genetics Inc.","KDMN":"Kadmon Holdings LLC","WKHS":"Workhorse Group, Inc.","CLVS":"Clovis Oncology","ESPR":"Esperion Therapeutics Inc.","BBBY":"3B家居"},"source_url":"https://www.zerohedge.com/markets/most-shorted-stocks-update-here-come-microcaps-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170952459","content_text":"Last Wednesday, in what could be our secondmost profitable post in our 12 year history, (the first of coursebeing the post that sparked much of the meme stock insanity), we hinted (since we are not \"advisors\") to our readers to look at all the other most shorted small cap companies in the Russell 2000 - specifically those with a short interest at 20% or more of float listed below......... and buy an equal-weighted basket of these, to wit:If the performance of our previous most shorted index is any indication, going long a market cap-weighted basket of these names - and especially the smaller, less liquid ones - could turn out to be the trade of the year, if not a lifetime.Less than a week later, this basket is up more than 15% in value. To all those who put it on, congratulations.But in a world where there is now over $30 trillion in excess central bank liquidity, and where no logic or fundamentals make sense, the short squeeze insanity appears to be accelerating with every passing day: and while AMC is positively dormant today, it is GME that has taken its spot and is surging as much as 25%...... while another most shorted name we flagged previously, Clover Health, has exploded more than 100%.But in a notable shift from previous days,it now appears that even the microcaps are starting to run.Case in point, microcap Windln.de, a German online retailer for baby and toddler products, which soared as much as 104% on Tuesday, following a 133% jump on Monday, as the company's massive short interest was the topic of discussion on various message boards. The ramp was accelerated when German newspaper Bild also highlighted the gains in Monday’s edition.While the company's fundamentals are garbage - with Windeln.de’s market value falling about 95% since listing shares in 2015, as the company undertook a restructuring in 2018 and a reverse stock split in 2019 - that did not matter as th squeeze busters sniffed out its massive 200% SI and limited float, which according to Bloomberg is just 30% of the shares outstanding.The move in WDL, whose market cap was about €10MM at the start of the surge, suggests that the shorthunters have again expanded their universe of squeeze candidates, which brings us back to our post from late January, when we looked at the most shorted microcap stocks, those which in many cases traded in the subpenny range and are lucky to have a $1 million market cap.So in the name of market efficiency, we decided to recreate our screen of most shorted microcap/pennystock names, using Bloomberg data.The screen, shown below, captures not only the popular meme/Reddit stocks such as Bed Bath, Workhorse and Clover Health which we first profiled last week,but also expands into those stocks that have a substantial short interest as a % of float - in some cases with a potentially large naked short overhang as their SI as % of float is above 100% - in the microcap space, i.e. with a market cap of a few million or less.The list includes such names as Solar Integrated (SIRC) with a 55% short interest; OPETC International (OPTI) with 153% of the float shorted, the strategically named Renewable Energy And Power (RBNW) which is 50% shorted and even includes such old favorites as Saddle Ranch Media (SRMX), which we first profiled in January,and which thenwent on to generate a 3,800% return in two weeks!And so, without further ado, here is the latest and greatest list of most shorted US-listed companies, including not only the mid/large caps such as NKLA, CLV, BBBY and WKHS which have already soared in the past weeks, but also the pennystocks such as SIRC, OPTI, GVSI, VDRM, HRAL, ASKE, SRMX and others, which may be coiled and just waiting to pounce as the next short squeeze wave rolls in.As usual, for those who believe that the best way to beat the prevailing market madness is to simply join it, the easiest way will be to create an equal-weighted basket of these names and to just wait until the short-squeeze brigade comes in hot. Because if the performance of our previous most shorted indexes is any indication, going long a market cap-weighted basket of these names - especially the smaller, least liquid microcaps - could turn out to be the trade of the year, if not a lifetime.","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180119710,"gmtCreate":1623194432230,"gmtModify":1704197909397,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180119710","repostId":"1150047118","repostType":4,"repost":{"id":"1150047118","pubTimestamp":1623166569,"share":"https://ttm.financial/m/news/1150047118?lang=&edition=fundamental","pubTime":"2021-06-08 23:36","market":"us","language":"en","title":"Zhangmen Education opens for trading at $17.74, up about 54% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1150047118","media":"MarketWatch","summary":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Educat","content":"<p>(June 8)&nbsp;Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.</p><p><img src=\"https://static.tigerbbs.com/2ca3205e02c5697cdb0d18b2dd329fd9\" tg-width=\"750\" tg-height=\"514\"></p><p>Zhangmen Education Inc.ZME,&nbsp;is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.</p><p>The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.</p><p>The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"</p><p>Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.</p><p>The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&amp;P 500SPX,-0.08%has advanced 10.6%.</p>","source":"market_watch","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>Zhangmen Education opens for trading at $17.74, up about 54% from IPO price</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\">\nZhangmen Education opens for trading at $17.74, up about 54% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial ...</p>\n\n<a href=\"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZME":"掌门教育"},"source_url":"https://www.marketwatch.com/story/zhangmen-education-ipo-prices-valuing-the-company-at-about-18-billion-2021-06-08?siteid=rss&utm_campaign=Feed%3A+marketwatch%2Fmarketpulse+%28MarketWatch.com+-+MarketPulse%29&utm_medium=feed&utm_source=feedburner","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1150047118","content_text":"(June 8) Zhangmen Education opens for trading at $17.74, up about 54% from IPO price.Zhangmen Education Inc.ZME, is set to go public Tuesday, as the China-based online education company's initial public offering priced overnight to value the company at about $1.8 billion.The IPO priced at $11.50 per American depositary share (ADS), within the expected pricing range of between $11 and $13 per ADS. The company sold 3.62 million ADS in the IPO to raise $41.7 million. Each ADS represented nine ordinary shares, and the company has a total of 1.42 billion ordinary shares outstanding, including 1.22 billion Class A ordinary shares.The stock is expected to begin trading on the NYSE under the ticker symbol \"ZME.\"Morgan Stanley and Credit Suisse were the joint book-running managers. The company recorded a net loss of RMB1.01 billion ($154.5 million) on revenue of RMB4.02 billion ($613.3 million) in 2020, after a loss of RMB1.50 billion on revenue of RMB2.67 billion in 2019.The company is going public at a time that the Renaissance IPO ETFIPO,+1.90%has gained 5.4% over the past three months, iShares MSCI China ETFMCHI,-0.89%has edged up 0.8% and the S&P 500SPX,-0.08%has advanced 10.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114610432,"gmtCreate":1623071898326,"gmtModify":1704195426797,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Please like and comment. Thank you.","listText":"Please like and comment. Thank you.","text":"Please like and comment. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/114610432","repostId":"1126396501","repostType":4,"repost":{"id":"1126396501","pubTimestamp":1623066356,"share":"https://ttm.financial/m/news/1126396501?lang=&edition=fundamental","pubTime":"2021-06-07 19:45","market":"us","language":"en","title":"Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded","url":"https://stock-news.laohu8.com/highlight/detail?id=1126396501","media":"cnbc","summary":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minim","content":"<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded</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\">\nAmazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">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","AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1126396501","content_text":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Amazon, Facebook and Google have all welcomed the historic agreement.The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday.The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Looking ahead, the G-7 hopes to achieve a wider agreement on the new tax proposals next month at a gathering of the expanded G-20 finance ministers.Asked whetherAmazonandFacebookwould be among the companies targeted by the proposal, U.S. Treasury Secretary Janet Yellen said she believes they would \"qualify by almost any definition.\"Here's how America's tech giants reacted to the news:AmazonAmazon said the agreement \"marks a welcome step forward\" in efforts to \"bring stability to the international tax system.\"\"We hope to see discussions continue to advance with the broader G20 and Inclusive Framework alliance,\" an Amazon spokesperson told CNBC by email.FacebookNick Clegg, Facebook's vice president for global affairs, welcomed the G-7 deal and said the social networking giant \"has long called for reform of the global tax rules.\"The agreement is a \"significant first step towards certainty for businesses and strengthening public confidence in the global tax system,\" Clegg tweeted Saturday.\"We want the international tax reform process to succeed and recognize this could mean Facebook paying more tax, and in different places.\"GoogleA spokesperson forGoogletold Sky Newsthat the company strongly supported the initiative and hoped for a \"balanced and durable\" agreement.Applewasn't immediately available for a comment on the G-7 agreement when contacted by CNBC.The tech tax debateTech giants have long been criticized for paying little in taxes despite their size. Amazon and other companies have been accused of avoiding tax by shifting revenue and profits through tax havens or low-tax countries. The companies insist they’re doing nothing wrong from a legal standpoint, which is why policymakers are calling for reforms.Amazon infamously paid no U.S. federal income tax in 2018, despite booking more than $11 billion in profits. The low tax bill stemmed largely from tax cuts in 2017, carryforward losses from years when the company wasn’t profitable, and tax credits for massive research and development investment and share-based employee compensation.Some countries, such as Britain, France and Italy, have introduced a digital services tax in an effort to rake in more cash from large tech firms. The aim was to implement a solution for the interim while global officials hash out details for international tax rules.But this has led to friction with the United States, which under President Donald Trump’s administration threatened to impose tariffs on French goods over the issue.Meanwhile, some analysts have argued the dealdoesn’t go far enough, while others said there was a long road ahead.George Dibb, head of the Centre for Economic Justice at the London-based Institute for Public Policy Research (IPPR), described the deal as a “major step forward,” but said there were still “big questions” surrounding the minimum tax level.“We would like to see something a lot closer to 25%,” he told CNBC Monday.“The Biden administration came into these negotiations with an opening offer of 21% but I think the big fight at the G-7 over Friday and Saturday was over the wording, about whether it would say ’15%′ or ‘at least 15%’ and because we have that wording now of ‘at least 15%’ the door is still open for negotiation,” he told Squawk Box Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117746850,"gmtCreate":1623162334170,"gmtModify":1704197441982,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117746850","repostId":"2141426170","repostType":4,"repost":{"id":"2141426170","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":1623156570,"share":"https://ttm.financial/m/news/2141426170?lang=&edition=fundamental","pubTime":"2021-06-08 20:49","market":"us","language":"en","title":"Berkshire Hathaway invests $500 million in Brazil's Nubank","url":"https://stock-news.laohu8.com/highlight/detail?id=2141426170","media":"Reuters","summary":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giv","content":"<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</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>Berkshire Hathaway invests $500 million in Brazil's Nubank</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\">\nBerkshire Hathaway invests $500 million in Brazil's Nubank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-08 20:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141426170","content_text":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.BERKSHIRE BETS IN BRAZILNubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111019838,"gmtCreate":1622643774224,"gmtModify":1704187969980,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111019838","repostId":"2140617694","repostType":4,"repost":{"id":"2140617694","pubTimestamp":1622560398,"share":"https://ttm.financial/m/news/2140617694?lang=&edition=fundamental","pubTime":"2021-06-01 23:13","market":"us","language":"en","title":"The Top 50 Robinhood Stocks in June","url":"https://stock-news.laohu8.com/highlight/detail?id=2140617694","media":"Motley Fool","summary":"Millennial investors can't stop buying into these companies.","content":"<p>Volatility is always present in the stock market, but it's been especially prominent since February 2020. Though patience has, once again, paid off for investors, their gains have come after the benchmark <b>S&amp;P 500</b> lost 34% of its value in less than five weeks during the first quarter of 2020.</p>\n<p>Some investors absolutely shy away when heightened volatility rears its head. But that's not what we've witnessed from retail investors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99b3853458b2424e2901821012f5502f\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p>Even though retail investors have been putting their money to work on Wall Street for more than a century, they used the wild volatility on Wall Street over the past 16 months as their cue to really ramp up their buying. How do we know this? Just take a look at online investing app Robinhood, which gained approximately 3 million new users last year.</p>\n<p>Millennial investors have found a home at Robinhood for a bevy of reasons. The app doesn't charge commissions for buying or selling on major exchanges, and it allows fractional shares&nbsp;for a number of securities. The company even awards new members with free shares of stock.</p>\n<p>While it's fantastic to see young investors putting their money to work in the greatest wealth creator on the planet, it's also disturbing to see what they've been buying. Instead of taking the tried-and-true long-term investing approach, many are chasing momentum plays, penny stocks, and companies with poor operating performance.</p>\n<p>Don't believe me? Here are the 50 most-held stocks on Robinhood's leaderboard as we enter June:</p>\n<table width=\"492\">\n <thead>\n  <tr>\n   <th>Company</th>\n   <th>Company</th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td>1. <b>Tesla </b>(NASDAQ:TSLA)</td>\n   <td>26. <b>OrganiGram Holdings</b></td>\n  </tr>\n  <tr>\n   <td>2. <b>Apple&nbsp;</b></td>\n   <td>27. <b>Bank of America</b></td>\n  </tr>\n  <tr>\n   <td>3. <b>AMC Entertainment Holdings</b> (NYSE:AMC)</td>\n   <td>28. <b>Coinbase Global</b></td>\n  </tr>\n  <tr>\n   <td>4. <b>Sundial Growers</b> (NASDAQ:SNDL)</td>\n   <td>29. <b>Tilray</b></td>\n  </tr>\n  <tr>\n   <td>5. <b>Ford Motor</b></td>\n   <td>30. <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b></td>\n  </tr>\n  <tr>\n   <td>6. <b>General Electric</b></td>\n   <td>31. <b>Canopy Growth</b> (NASDAQ:CGC)</td>\n  </tr>\n  <tr>\n   <td>7. <b>NIO&nbsp;</b></td>\n   <td>32. <b>Advanced Micro Devices</b></td>\n  </tr>\n  <tr>\n   <td>8. <b>Walt Disney</b></td>\n   <td>33. <b><a href=\"https://laohu8.com/S/TWTR\">Twitter</a></b></td>\n  </tr>\n  <tr>\n   <td>9. <b>Microsoft</b></td>\n   <td>34. <b>Starbucks</b> (NASDAQ:SBUX)</td>\n  </tr>\n  <tr>\n   <td>10. <b>Amazon&nbsp;</b></td>\n   <td>35. <b>Moderna</b></td>\n  </tr>\n  <tr>\n   <td>11. <b>American Airlines Group</b></td>\n   <td>36. <b>AT&amp;T</b></td>\n  </tr>\n  <tr>\n   <td>12. <b>Plug Power</b></td>\n   <td>37. <b>FuelCell Energy</b></td>\n  </tr>\n  <tr>\n   <td>13. <b>Nokia&nbsp;</b></td>\n   <td>38. <b>Virgin Galactic Holdings&nbsp;</b></td>\n  </tr>\n  <tr>\n   <td>14. <b>Pfizer&nbsp;</b></td>\n   <td>39. <b>Ideanomics&nbsp;</b></td>\n  </tr>\n  <tr>\n   <td>15. <b>Aurora Cannabis</b> (NASDAQ:ACB)</td>\n   <td>40. <b>Norwegian Cruise Line Holdings</b></td>\n  </tr>\n  <tr>\n   <td>16. <b>Carnival</b></td>\n   <td>41. <b>Vanguard S&amp;P 500 ETF</b></td>\n  </tr>\n  <tr>\n   <td>17. <b>GameStop</b> (NYSE:GME)</td>\n   <td>42. <b>Coca-Cola</b></td>\n  </tr>\n  <tr>\n   <td>18. <b>Zomedica</b> (NYSEMKT:ZOM)</td>\n   <td>43. <b>General Motors</b></td>\n  </tr>\n  <tr>\n   <td>19. <b><a href=\"https://laohu8.com/S/GPRO\">GoPro</a>&nbsp;</b></td>\n   <td>44. <b>NVIDIA</b></td>\n  </tr>\n  <tr>\n   <td>20. <b>Palantir Technologies</b></td>\n   <td>45. <b>SPDR S&amp;P 500 ETF</b></td>\n  </tr>\n  <tr>\n   <td>21. <b><a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a></b></td>\n   <td>46. <b>United Airlines Holdings</b></td>\n  </tr>\n  <tr>\n   <td>22. <b>Delta Air Lines</b></td>\n   <td>47. <b>Uber Technologies</b></td>\n  </tr>\n  <tr>\n   <td>23. <b>Snap&nbsp;</b></td>\n   <td>48. <b><a href=\"https://laohu8.com/S/ZNGA\">Zynga</a></b></td>\n  </tr>\n  <tr>\n   <td>24. <b>Netflix&nbsp;</b></td>\n   <td>49. <b>Boeing</b></td>\n  </tr>\n  <tr>\n   <td>25. <b>Alibaba Group Holding</b></td>\n   <td>50. <b>Workhorse Group</b></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Robinhood, as of May 28, 2021.</p>\n<h2>Meme-mania doesn't stop</h2>\n<p>With retail investors acting as the catalyst behind the meme stock craze (meme stocks are companies lauded for their social media popularity, not their fundamentals), it should come as no surprise that companies like AMC Entertainment, GameStop, and Sundial Growers are among the most-held on Robinhood.</p>\n<p>AMC, GameStop, and Sundial were some of the most heavily short-sold companies earlier this year, which made them logical targets by investors on Reddit who were looking for short-squeeze opportunities. Though we witnessed these squeezes take place in January and February, the recent trading in these names looks to be more hype or mania than short-covering.</p>\n<p>History is pretty clear that hype-driven stocks will eventually have the rug pulled out from under them. AMC, for example, is going to struggle just to service its more than $5.4 billion in corporate debt and doesn't appear to have a chance to pay back what comes due in 2026. It also has $473 million in deferred rent obligations to contend with.</p>\n<p>As for GameStop, it boasts a healthy net cash position following a recent share offering. But it was very late in transitioning to digital gaming, and as a result will see its sales go nowhere for years to come. GameStop's core strategy for the time being is to keep closing physical stores to cut down on operating expenses.</p>\n<p>In sum, meme stocks are bad news.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86c5f70d97c3ea9f633e0f2dbad565ba\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Penny for your thoughts</h2>\n<p>Robinhood investors have also demonstrated that they love penny stocks. Sundial Growers and Zomedica are two of the 18 most-held stocks on the platform, yet both can be purchased for under $1 a share.</p>\n<p>Psychologically, young and/or novice investors believe that owning more shares of stock will give them a better chance to make a lot of money. There's also the belief that it's easier to double a stock from $1 a share to $2 than, say, $100 to $200. But the reality is that penny stocks almost always trade at a low share price for very good reasons.</p>\n<p>In the case of pot stock Sundial Growers, it's because the company's management team can't stop drowning its investors in share offerings. Earlier this year, the company's board OK'd an additional $800 million at-the-market share offering. Since the end of September, more than 1.35 billion shares have been issued. With 1.86 billion shares now outstanding, Sundial has almost no chance of ever generating meaningful earnings per share, or perhaps even remaining listed on the <b>Nasdaq</b>&nbsp;exchange.</p>\n<p>As for veterinary health company Zomedica, it only began commercializing its first product in mid-March. Shares are currently valued at close to 40 times sales looking three years into the future. Though it does have a healthy cash position, Zomedica has buried its investors with share offerings and is closing in on 1 billion shares outstanding.</p>\n<p>Penny stocks are rarely cheap.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5811406aed4001edc942cb25310a21cf\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>\"Merry-juana\"</h2>\n<p>Another trend you'll note about millennial investors is that they really love the prospects for marijuana stocks. In this respect, I agree with them.</p>\n<p>Unfortunately, Robinhood is shortchanging its users in the cannabis department. Since the trading platform won't allow its users to buy and sell stocks listed on the over-the-counter exchange, and U.S. pot stocks can't list on major exchanges due to cannabis being illicit at the federal level, Robinhood users are stuck buying Canadian weed stocks. To put things as nicely as possible, the Canadian pot stocks have been a disaster.</p>\n<p>Aurora Cannabis, which at <a href=\"https://laohu8.com/S/AONE\">one</a> time was the most-held stock on Robinhood, has been burying its shareholders in dilution for years. It used its stock as collateral for around a dozen deals and grossly overpaid for all of its acquisitions. Even with legal Canadian weed sales climbing, Aurora's top line has been stuck in neutral or gone in reverse.</p>\n<p>Canopy Growth is another popular marijuana stock that's been an utter disappointment. The company's cash pile has dwindled significantly over the past couple of years, and Canopy is still nowhere close to generating a profit, even after closing two large greenhouses in British Columbia.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11b7b594784b441dbeb82fcdb187aac3\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Starbucks.</span></p>\n<h2>Brand-name companies are popular with millennials</h2>\n<p>Lastly, you'll note that among the meme stocks, pot stocks, and penny stocks, millennial investors have also piled into brand-name companies that they're familiar with or regularly engage with.</p>\n<p>For instance, electric-vehicle (EV) manufacturer Tesla has supplanted Apple as the most-held stock in the Robinhood universe. Generally speaking, the desire to take action against climate change increases the younger someone is. Motivated young investors who want to see positive climate action taken, and who have a favorable view of CEO Elon Musk, have flocked to Tesla. In kind, Tesla's production numbers have risen significantly, and could near 800,000 EVs in 2021.</p>\n<p>Coffee giant Starbucks has also been rising up the leaderboard in recent months. It has used its mobile app and rewards as a means to keep the younger generation loyal to its brand. It has also introduced an array of healthier lunches and snack options to improve foot traffic. It definitely doesn't hurt that Starbucks is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most-recognized brands in the world.</p>\n<p>Brand-name companies that can engage with young investors are always a good bet to work their way onto Robinhood's leaderboard.</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>The Top 50 Robinhood Stocks in June</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 Top 50 Robinhood Stocks in June\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 23:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/01/the-top-50-robinhood-stocks-in-june/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Volatility is always present in the stock market, but it's been especially prominent since February 2020. Though patience has, once again, paid off for investors, their gains have come after the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/01/the-top-50-robinhood-stocks-in-june/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","SBUX":"星巴克","TSLA":"特斯拉","F":"福特汽车","BAC":"美国银行","MSFT":"微软","KO":"可口可乐","T":"美国电话电报","AMC":"AMC院线","NFLX":"奈飞","NOK":"诺基亚","COIN":"Coinbase Global, Inc.","TWTR":"Twitter","WKHS":"Workhorse Group, Inc.","SNDL":"SNDL Inc.","ACB":"奥罗拉大麻公司","OGI":"ORGANIGRAM HOLD","BA":"波音","CGC":"Canopy Growth Corporation","CCL":"嘉年华邮轮","PLUG":"普拉格能源","GM":"通用汽车","GME":"游戏驿站","MRNA":"Moderna, Inc.","PFE":"辉瑞","FCEL":"燃料电池能源","UBER":"优步","UAL":"联合大陆航空","DAL":"达美航空","ZOM":"Zomedica Pharmaceuticals Corp.","BABA":"阿里巴巴","SPCE":"维珍银河","NIO":"蔚来","GPRO":"GoPro","SNAP":"Snap Inc","TLRY":"Tilray Inc.","DIS":"迪士尼","AMD":"美国超微公司","PLTR":"Palantir Technologies Inc.","NVDA":"英伟达","GE":"GE航空航天","AAL":"美国航空"},"source_url":"https://www.fool.com/investing/2021/06/01/the-top-50-robinhood-stocks-in-june/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140617694","content_text":"Volatility is always present in the stock market, but it's been especially prominent since February 2020. Though patience has, once again, paid off for investors, their gains have come after the benchmark S&P 500 lost 34% of its value in less than five weeks during the first quarter of 2020.\nSome investors absolutely shy away when heightened volatility rears its head. But that's not what we've witnessed from retail investors.\nImage source: Getty Images.\nEven though retail investors have been putting their money to work on Wall Street for more than a century, they used the wild volatility on Wall Street over the past 16 months as their cue to really ramp up their buying. How do we know this? Just take a look at online investing app Robinhood, which gained approximately 3 million new users last year.\nMillennial investors have found a home at Robinhood for a bevy of reasons. The app doesn't charge commissions for buying or selling on major exchanges, and it allows fractional shares for a number of securities. The company even awards new members with free shares of stock.\nWhile it's fantastic to see young investors putting their money to work in the greatest wealth creator on the planet, it's also disturbing to see what they've been buying. Instead of taking the tried-and-true long-term investing approach, many are chasing momentum plays, penny stocks, and companies with poor operating performance.\nDon't believe me? Here are the 50 most-held stocks on Robinhood's leaderboard as we enter June:\n\n\n\nCompany\nCompany\n\n\n\n\n1. Tesla (NASDAQ:TSLA)\n26. OrganiGram Holdings\n\n\n2. Apple \n27. Bank of America\n\n\n3. AMC Entertainment Holdings (NYSE:AMC)\n28. Coinbase Global\n\n\n4. Sundial Growers (NASDAQ:SNDL)\n29. Tilray\n\n\n5. Ford Motor\n30. Facebook\n\n\n6. General Electric\n31. Canopy Growth (NASDAQ:CGC)\n\n\n7. NIO \n32. Advanced Micro Devices\n\n\n8. Walt Disney\n33. Twitter\n\n\n9. Microsoft\n34. Starbucks (NASDAQ:SBUX)\n\n\n10. Amazon \n35. Moderna\n\n\n11. American Airlines Group\n36. AT&T\n\n\n12. Plug Power\n37. FuelCell Energy\n\n\n13. Nokia \n38. Virgin Galactic Holdings \n\n\n14. Pfizer \n39. Ideanomics \n\n\n15. Aurora Cannabis (NASDAQ:ACB)\n40. Norwegian Cruise Line Holdings\n\n\n16. Carnival\n41. Vanguard S&P 500 ETF\n\n\n17. GameStop (NYSE:GME)\n42. Coca-Cola\n\n\n18. Zomedica (NYSEMKT:ZOM)\n43. General Motors\n\n\n19. GoPro \n44. NVIDIA\n\n\n20. Palantir Technologies\n45. SPDR S&P 500 ETF\n\n\n21. Churchill Capital\n46. United Airlines Holdings\n\n\n22. Delta Air Lines\n47. Uber Technologies\n\n\n23. Snap \n48. Zynga\n\n\n24. Netflix \n49. Boeing\n\n\n25. Alibaba Group Holding\n50. Workhorse Group\n\n\n\nData source: Robinhood, as of May 28, 2021.\nMeme-mania doesn't stop\nWith retail investors acting as the catalyst behind the meme stock craze (meme stocks are companies lauded for their social media popularity, not their fundamentals), it should come as no surprise that companies like AMC Entertainment, GameStop, and Sundial Growers are among the most-held on Robinhood.\nAMC, GameStop, and Sundial were some of the most heavily short-sold companies earlier this year, which made them logical targets by investors on Reddit who were looking for short-squeeze opportunities. Though we witnessed these squeezes take place in January and February, the recent trading in these names looks to be more hype or mania than short-covering.\nHistory is pretty clear that hype-driven stocks will eventually have the rug pulled out from under them. AMC, for example, is going to struggle just to service its more than $5.4 billion in corporate debt and doesn't appear to have a chance to pay back what comes due in 2026. It also has $473 million in deferred rent obligations to contend with.\nAs for GameStop, it boasts a healthy net cash position following a recent share offering. But it was very late in transitioning to digital gaming, and as a result will see its sales go nowhere for years to come. GameStop's core strategy for the time being is to keep closing physical stores to cut down on operating expenses.\nIn sum, meme stocks are bad news.\nImage source: Getty Images.\nPenny for your thoughts\nRobinhood investors have also demonstrated that they love penny stocks. Sundial Growers and Zomedica are two of the 18 most-held stocks on the platform, yet both can be purchased for under $1 a share.\nPsychologically, young and/or novice investors believe that owning more shares of stock will give them a better chance to make a lot of money. There's also the belief that it's easier to double a stock from $1 a share to $2 than, say, $100 to $200. But the reality is that penny stocks almost always trade at a low share price for very good reasons.\nIn the case of pot stock Sundial Growers, it's because the company's management team can't stop drowning its investors in share offerings. Earlier this year, the company's board OK'd an additional $800 million at-the-market share offering. Since the end of September, more than 1.35 billion shares have been issued. With 1.86 billion shares now outstanding, Sundial has almost no chance of ever generating meaningful earnings per share, or perhaps even remaining listed on the Nasdaq exchange.\nAs for veterinary health company Zomedica, it only began commercializing its first product in mid-March. Shares are currently valued at close to 40 times sales looking three years into the future. Though it does have a healthy cash position, Zomedica has buried its investors with share offerings and is closing in on 1 billion shares outstanding.\nPenny stocks are rarely cheap.\nImage source: Getty Images.\n\"Merry-juana\"\nAnother trend you'll note about millennial investors is that they really love the prospects for marijuana stocks. In this respect, I agree with them.\nUnfortunately, Robinhood is shortchanging its users in the cannabis department. Since the trading platform won't allow its users to buy and sell stocks listed on the over-the-counter exchange, and U.S. pot stocks can't list on major exchanges due to cannabis being illicit at the federal level, Robinhood users are stuck buying Canadian weed stocks. To put things as nicely as possible, the Canadian pot stocks have been a disaster.\nAurora Cannabis, which at one time was the most-held stock on Robinhood, has been burying its shareholders in dilution for years. It used its stock as collateral for around a dozen deals and grossly overpaid for all of its acquisitions. Even with legal Canadian weed sales climbing, Aurora's top line has been stuck in neutral or gone in reverse.\nCanopy Growth is another popular marijuana stock that's been an utter disappointment. The company's cash pile has dwindled significantly over the past couple of years, and Canopy is still nowhere close to generating a profit, even after closing two large greenhouses in British Columbia.\nImage source: Starbucks.\nBrand-name companies are popular with millennials\nLastly, you'll note that among the meme stocks, pot stocks, and penny stocks, millennial investors have also piled into brand-name companies that they're familiar with or regularly engage with.\nFor instance, electric-vehicle (EV) manufacturer Tesla has supplanted Apple as the most-held stock in the Robinhood universe. Generally speaking, the desire to take action against climate change increases the younger someone is. Motivated young investors who want to see positive climate action taken, and who have a favorable view of CEO Elon Musk, have flocked to Tesla. In kind, Tesla's production numbers have risen significantly, and could near 800,000 EVs in 2021.\nCoffee giant Starbucks has also been rising up the leaderboard in recent months. It has used its mobile app and rewards as a means to keep the younger generation loyal to its brand. It has also introduced an array of healthier lunches and snack options to improve foot traffic. It definitely doesn't hurt that Starbucks is one of the most-recognized brands in the world.\nBrand-name companies that can engage with young investors are always a good bet to work their way onto Robinhood's leaderboard.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114779635,"gmtCreate":1623108363127,"gmtModify":1704196059529,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BIIB\">$Biogen(BIIB)$</a>Please comment and like. Thank you.","listText":"<a href=\"https://laohu8.com/S/BIIB\">$Biogen(BIIB)$</a>Please comment and like. Thank you.","text":"$Biogen(BIIB)$Please comment and like. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114779635","isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111092771,"gmtCreate":1622643235393,"gmtModify":1704187951554,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"Sharing&nbsp;","listText":"Sharing&nbsp;","text":"Sharing","images":[{"img":"https://static.tigerbbs.com/9a541cce473070418af299f08d0a1352","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111092771","isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108442260,"gmtCreate":1620051194950,"gmtModify":1704337932055,"author":{"id":"3581934136304318","authorId":"3581934136304318","name":"追远SG","avatar":"https://static.tigerbbs.com/718fcd59d97eccd8b2fea7685df39908","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581934136304318","authorIdStr":"3581934136304318"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/108442260","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","pubTimestamp":1619999342,"share":"https://ttm.financial/m/news/1135819410?lang=&edition=fundamental","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><b>Tuesday 5/4</b></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><b>Wednesday 5/5</b></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><b>Thursday 5/6</b></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><b>Friday 5/7</b></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</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>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week</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\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 07:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: ...</p>\n\n<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">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","UBER":"优步","TMUS":"T-Mobile US Inc",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","PFE":"辉瑞","GM":"通用汽车","PYPL":"PayPal"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}