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leong0604
03-11
$Suntec Reit(T82U.SI)$
leong0604
2022-08-04
Thanks
This Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain
leong0604
2022-07-30
$Wells Fargo(WFC)$
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leong0604
2022-07-29
$Vanguard Financials ETF(VFH)$
Time to go in?
leong0604
2022-07-25
$Financial Select Sector SPDR Fund(XLF)$
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leong0604
2022-07-23
$Archer-Daniels Midland(ADM)$
Is it overpriced?
leong0604
2022-07-21
$Bank of America(BAC)$
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leong0604
2022-07-20
$ChargePoint Holdings Inc.(CHPT)$
Yay or nay?
leong0604
2022-07-19
$Financial Select Sector SPDR Fund(XLF)$
Fear has subside
leong0604
2022-07-19
Wohoo
Bank Stocks Jumped in Morning Trading
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2022-07-19
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2022-07-19
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Reit(T82U.SI)$","images":[{"img":"https://community-static.tradeup.com/news/26460ba505772ccb22b48843a76bec5f","width":"882","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/283062632407136","isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9906570365,"gmtCreate":1659573726560,"gmtModify":1705981742087,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906570365","repostId":"2256282915","repostType":4,"repost":{"id":"2256282915","pubTimestamp":1659572388,"share":"https://ttm.financial/m/news/2256282915?lang=&edition=fundamental","pubTime":"2022-08-04 08:19","market":"us","language":"en","title":"This Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain","url":"https://stock-news.laohu8.com/highlight/detail?id=2256282915","media":"Bloomberg ","summary":"The world, apparently, has a new financial giant.AMTD Digital, a Hong Kong-based company that listed","content":"<html><head></head><body><p>The world, apparently, has a new financial giant.</p><p>AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged so much that the combined market value of its Class A and Class B shares hit more than $US310 billion ($446 billion) this week. That means the firm — which develops digital businesses, including financial services — is worth more than Bank of America, <a href=\"https://laohu8.com/S/MSSXL\">Morgan Stanley</a> and Goldman Sachs, despite reporting just $US25 million in revenue for the year ended April 2021.</p><p>At least on paper, that makes it the fifth-biggest financial company in the world, trailing Berkshire Hathaway Inc., JPMorgan Chase & Co., Bank of America Corp. and Industrial & Commercial Bank of China Ltd.<img src=\"https://static.tigerbbs.com/330b8880ceb5e3790789acca16db3c31\" tg-width=\"647\" tg-height=\"472\" width=\"100%\" height=\"auto\"/>While those firms have a long list of shareholders, AMTD Digital has a convoluted ownership structure that ultimately leads to one key name: Calvin Choi, an ex-UBS banker, who’s currently fighting an industry ban in Hong Kong for failing to disclose conflicts of interest.</p><p>Despite that, Choi was on the floor of the New York Stock Exchange on July 15, ringing the bell as shares of AMTD Digital were about to begin their upward journey. They’re since up more than 14,000 per cent from the initial public offering price of $US7.80 , even after a 50 per cent retreat on Wednesday.</p><p>It’s a mystery why the stock has surged, though some analysts have pointed to its tiny public float. It’s also not clear why investment bank AMTD Idea Group, another stock under the AMTD Group umbrella, has joined in the rally, soaring 525 per cent between July 15 and Tuesday’s close. That stock was the fourth-most-bought company on Fidelity’s trading platform on Wednesday, indicating that it’s become a favourite of retail traders, despite sliding 9.7 per cent on Wednesday.</p><p>AMTD Digital didn’t immediately reply to a request for comment. It said in a statement on Tuesday that it’s monitoring the market for any trading abnormalities and doesn’t know of any “material circumstances, events, nor other matters” that could be affecting the stock price.</p><h2>Well-Known Backers</h2><p>Choi joined AMTD Group in 2016 as chairman and chief executive officer after spending five years at UBS. </p><p>Created in 2003 with backing from Li Ka-shing’s company CK Hutchison Holdings, it’s the parent of AMTD Digital and AMTD Idea Group, which is listed both in Singapore and the US.</p><p>AMTD Idea also has well-known backers. Century City International Holdings., owned by members of Hong Kong’s real estate tycoon Lo family, holds a 5.8 per cent stake in the firm. A unit of <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a> invested in a funding round in 2019.</p><p>Choi, a Hong Kong native and Canadian citizen who studied accounting at the University of Waterloo, is the sole owner of a vehicle that controls 32.5 per cent of AMTD Group. His father is also involved after a company that belongs to him acquired a majority stake in it in 2015. AMTD Group owns 50.6 per cent of AMTD Idea, which in turn owns 88.7 per cent of AMTD Digital.<img src=\"https://static.tigerbbs.com/d7aa3508b629e96c3d022ab2c656d3ac\" tg-width=\"832\" tg-height=\"831\" width=\"100%\" height=\"auto\"/>Choi has been a fixture at annual financial technology events in Singapore in recent years. At an event co-organised by the Monetary Authority of Singapore, AMTD Group was among the biggest sponsors for three consecutive years through 2019, when Choi spoke on panels with executives including Standard Chartered Chief Executive Officer Bill Winters.</p><p>Earlier this year, though, Hong Kong regulators banned Choi from the securities industry for two years for failing to disclose conflicts of interest in transactions he worked on while at UBS. He’s appealing the decision. China Minsheng Investment Group, an AMTD Group investor that installed Choi as CEO, turned against him and at one point placed banners in Hong Kong’s central district denouncing him.</p><p>Separately, Hindenburg Research has blasted AMTD Group. In an April 2021 report on Ebang International Holdings, a China-based crypto company, the short seller said its track record as an underwriter was “abysmal,” with 87 per cent of its US IPOs resulting in losses.</p><p>Choi admitted in a statement last year that he’s faced challenges.</p><p>“There are those who envy and [are] jealous, and those who are cold-eyed and mockers, and malicious, there are slanderers,” he said. “However, entrepreneurs must insist that development is the last word.”</p><p>AMTD’s surge has those from Hong Kong to New York speculating about what, if anything, is behind the moves in the stock. One explanation is that only a small portion of its shares are available for trading.</p><p>“The stock is highly overvalued,” said Thomas Nip, a research analyst at Valuable Capital in Hong Kong. “The low free float in the company’s shares means it will be easier for big shareholders to push up the stock price.”</p><p>While the recent rally in the US was reminiscent of the retail trading mania that drove up shares of companies including GameStop last year, some Reddit and Twitter users appeared baffled by the gains, denouncing claims that the sub-reddit WallStreetBets was behind the moves. At one point on Tuesday, AMTD Digital’s market value rose above $US400 billion, while AMTD Idea shares surged as much as 520 per cent.</p><p>“Given the speed of its ascent, I have a feeling this one will nosedive,” said Oktay Kavrak, director at Leverage Shares. “I hope investors take profits along the way as the inevitable crash will send HKD back to relative obscurity.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-04 08:19 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-08-03/amtd-digital-run-by-ex-ubs-banker-becomes-bigger-than-goldman-with-stock-surge?srnd=economics-vp><strong>Bloomberg </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The world, apparently, has a new financial giant.AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged so much that the combined market value of its ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-03/amtd-digital-run-by-ex-ubs-banker-becomes-bigger-than-goldman-with-stock-surge?srnd=economics-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMTD":"Amtd Idea","HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-03/amtd-digital-run-by-ex-ubs-banker-becomes-bigger-than-goldman-with-stock-surge?srnd=economics-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256282915","content_text":"The world, apparently, has a new financial giant.AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged so much that the combined market value of its Class A and Class B shares hit more than $US310 billion ($446 billion) this week. That means the firm — which develops digital businesses, including financial services — is worth more than Bank of America, Morgan Stanley and Goldman Sachs, despite reporting just $US25 million in revenue for the year ended April 2021.At least on paper, that makes it the fifth-biggest financial company in the world, trailing Berkshire Hathaway Inc., JPMorgan Chase & Co., Bank of America Corp. and Industrial & Commercial Bank of China Ltd.While those firms have a long list of shareholders, AMTD Digital has a convoluted ownership structure that ultimately leads to one key name: Calvin Choi, an ex-UBS banker, who’s currently fighting an industry ban in Hong Kong for failing to disclose conflicts of interest.Despite that, Choi was on the floor of the New York Stock Exchange on July 15, ringing the bell as shares of AMTD Digital were about to begin their upward journey. They’re since up more than 14,000 per cent from the initial public offering price of $US7.80 , even after a 50 per cent retreat on Wednesday.It’s a mystery why the stock has surged, though some analysts have pointed to its tiny public float. It’s also not clear why investment bank AMTD Idea Group, another stock under the AMTD Group umbrella, has joined in the rally, soaring 525 per cent between July 15 and Tuesday’s close. That stock was the fourth-most-bought company on Fidelity’s trading platform on Wednesday, indicating that it’s become a favourite of retail traders, despite sliding 9.7 per cent on Wednesday.AMTD Digital didn’t immediately reply to a request for comment. It said in a statement on Tuesday that it’s monitoring the market for any trading abnormalities and doesn’t know of any “material circumstances, events, nor other matters” that could be affecting the stock price.Well-Known BackersChoi joined AMTD Group in 2016 as chairman and chief executive officer after spending five years at UBS. Created in 2003 with backing from Li Ka-shing’s company CK Hutchison Holdings, it’s the parent of AMTD Digital and AMTD Idea Group, which is listed both in Singapore and the US.AMTD Idea also has well-known backers. Century City International Holdings., owned by members of Hong Kong’s real estate tycoon Lo family, holds a 5.8 per cent stake in the firm. A unit of Morgan Stanley invested in a funding round in 2019.Choi, a Hong Kong native and Canadian citizen who studied accounting at the University of Waterloo, is the sole owner of a vehicle that controls 32.5 per cent of AMTD Group. His father is also involved after a company that belongs to him acquired a majority stake in it in 2015. AMTD Group owns 50.6 per cent of AMTD Idea, which in turn owns 88.7 per cent of AMTD Digital.Choi has been a fixture at annual financial technology events in Singapore in recent years. At an event co-organised by the Monetary Authority of Singapore, AMTD Group was among the biggest sponsors for three consecutive years through 2019, when Choi spoke on panels with executives including Standard Chartered Chief Executive Officer Bill Winters.Earlier this year, though, Hong Kong regulators banned Choi from the securities industry for two years for failing to disclose conflicts of interest in transactions he worked on while at UBS. He’s appealing the decision. China Minsheng Investment Group, an AMTD Group investor that installed Choi as CEO, turned against him and at one point placed banners in Hong Kong’s central district denouncing him.Separately, Hindenburg Research has blasted AMTD Group. In an April 2021 report on Ebang International Holdings, a China-based crypto company, the short seller said its track record as an underwriter was “abysmal,” with 87 per cent of its US IPOs resulting in losses.Choi admitted in a statement last year that he’s faced challenges.“There are those who envy and [are] jealous, and those who are cold-eyed and mockers, and malicious, there are slanderers,” he said. “However, entrepreneurs must insist that development is the last word.”AMTD’s surge has those from Hong Kong to New York speculating about what, if anything, is behind the moves in the stock. One explanation is that only a small portion of its shares are available for trading.“The stock is highly overvalued,” said Thomas Nip, a research analyst at Valuable Capital in Hong Kong. “The low free float in the company’s shares means it will be easier for big shareholders to push up the stock price.”While the recent rally in the US was reminiscent of the retail trading mania that drove up shares of companies including GameStop last year, some Reddit and Twitter users appeared baffled by the gains, denouncing claims that the sub-reddit WallStreetBets was behind the moves. At one point on Tuesday, AMTD Digital’s market value rose above $US400 billion, while AMTD Idea shares surged as much as 520 per cent.“Given the speed of its ascent, I have a feeling this one will nosedive,” said Oktay Kavrak, director at Leverage Shares. “I hope investors take profits along the way as the inevitable crash will send HKD back to relative obscurity.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901697087,"gmtCreate":1659179264849,"gmtModify":1676536269349,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/WFC\">$Wells Fargo(WFC)$</a>sad","listText":"<a href=\"https://ttm.financial/S/WFC\">$Wells Fargo(WFC)$</a>sad","text":"$Wells Fargo(WFC)$sad","images":[{"img":"https://community-static.tradeup.com/news/43f826e4c33d2b94d05411653f47bc70","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901697087","isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9903225662,"gmtCreate":1659048646256,"gmtModify":1676536247798,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VFH\">$Vanguard Financials ETF(VFH)$</a>Time to go in? ","listText":"<a href=\"https://ttm.financial/S/VFH\">$Vanguard Financials ETF(VFH)$</a>Time to go in? 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","text":"$ChargePoint Holdings Inc.(CHPT)$Yay or nay?","images":[{"img":"https://community-static.tradeup.com/news/6aa79bdf0753c04996dee3dfa9d425d5","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074886214","isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9075426976,"gmtCreate":1658243951095,"gmtModify":1676536127623,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XLF\">$Financial Select Sector SPDR Fund(XLF)$</a>Fear has subside","listText":"<a href=\"https://ttm.financial/S/XLF\">$Financial Select Sector SPDR Fund(XLF)$</a>Fear has subside","text":"$Financial Select Sector SPDR Fund(XLF)$Fear has subside","images":[{"img":"https://community-static.tradeup.com/news/f0a15d9e6892fda650acd94c9ba7f23c","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075426976","isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9075428127,"gmtCreate":1658243837669,"gmtModify":1676536127600,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"Wohoo","listText":"Wohoo","text":"Wohoo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075428127","repostId":"1162174809","repostType":2,"repost":{"id":"1162174809","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":1658240313,"share":"https://ttm.financial/m/news/1162174809?lang=&edition=fundamental","pubTime":"2022-07-19 22:18","market":"us","language":"en","title":"Bank Stocks Jumped in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1162174809","media":"Tiger Newspress","summary":"Bank stocks jumped in morning trading. JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley,","content":"<html><head></head><body><p>Bank stocks jumped in morning trading. JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley, Goldman Sachs and Citigroup all climbed more than 2%.</p><p><img src=\"https://static.tigerbbs.com/90a3008c4ec8c6e980892b5733f9d986\" tg-width=\"402\" tg-height=\"725\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/c03267325df941ad55d8fb6cc65f5135\" tg-width=\"399\" tg-height=\"116\" width=\"100%\" height=\"auto\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank Stocks Jumped in Morning Trading</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\">\nBank Stocks Jumped in Morning Trading\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\">2022-07-19 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bank stocks jumped in morning trading. JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley, Goldman Sachs and Citigroup all climbed more than 2%.</p><p><img src=\"https://static.tigerbbs.com/90a3008c4ec8c6e980892b5733f9d986\" tg-width=\"402\" tg-height=\"725\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/c03267325df941ad55d8fb6cc65f5135\" tg-width=\"399\" tg-height=\"116\" width=\"100%\" height=\"auto\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗","MS":"摩根士丹利","GS":"高盛","JPM":"摩根大通","WFC":"富国银行","BAC":"美国银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162174809","content_text":"Bank stocks jumped in morning trading. JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley, Goldman Sachs and Citigroup all climbed more than 2%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075423304,"gmtCreate":1658243578608,"gmtModify":1676536127556,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075423304","repostId":"1185506686","repostType":4,"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075429859,"gmtCreate":1658243496871,"gmtModify":1676536127562,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075429859","repostId":"1185506686","repostType":4,"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9906570365,"gmtCreate":1659573726560,"gmtModify":1705981742087,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906570365","repostId":"2256282915","repostType":4,"repost":{"id":"2256282915","pubTimestamp":1659572388,"share":"https://ttm.financial/m/news/2256282915?lang=&edition=fundamental","pubTime":"2022-08-04 08:19","market":"us","language":"en","title":"This Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain","url":"https://stock-news.laohu8.com/highlight/detail?id=2256282915","media":"Bloomberg ","summary":"The world, apparently, has a new financial giant.AMTD Digital, a Hong Kong-based company that listed","content":"<html><head></head><body><p>The world, apparently, has a new financial giant.</p><p>AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged so much that the combined market value of its Class A and Class B shares hit more than $US310 billion ($446 billion) this week. That means the firm — which develops digital businesses, including financial services — is worth more than Bank of America, <a href=\"https://laohu8.com/S/MSSXL\">Morgan Stanley</a> and Goldman Sachs, despite reporting just $US25 million in revenue for the year ended April 2021.</p><p>At least on paper, that makes it the fifth-biggest financial company in the world, trailing Berkshire Hathaway Inc., JPMorgan Chase & Co., Bank of America Corp. and Industrial & Commercial Bank of China Ltd.<img src=\"https://static.tigerbbs.com/330b8880ceb5e3790789acca16db3c31\" tg-width=\"647\" tg-height=\"472\" width=\"100%\" height=\"auto\"/>While those firms have a long list of shareholders, AMTD Digital has a convoluted ownership structure that ultimately leads to one key name: Calvin Choi, an ex-UBS banker, who’s currently fighting an industry ban in Hong Kong for failing to disclose conflicts of interest.</p><p>Despite that, Choi was on the floor of the New York Stock Exchange on July 15, ringing the bell as shares of AMTD Digital were about to begin their upward journey. They’re since up more than 14,000 per cent from the initial public offering price of $US7.80 , even after a 50 per cent retreat on Wednesday.</p><p>It’s a mystery why the stock has surged, though some analysts have pointed to its tiny public float. It’s also not clear why investment bank AMTD Idea Group, another stock under the AMTD Group umbrella, has joined in the rally, soaring 525 per cent between July 15 and Tuesday’s close. That stock was the fourth-most-bought company on Fidelity’s trading platform on Wednesday, indicating that it’s become a favourite of retail traders, despite sliding 9.7 per cent on Wednesday.</p><p>AMTD Digital didn’t immediately reply to a request for comment. It said in a statement on Tuesday that it’s monitoring the market for any trading abnormalities and doesn’t know of any “material circumstances, events, nor other matters” that could be affecting the stock price.</p><h2>Well-Known Backers</h2><p>Choi joined AMTD Group in 2016 as chairman and chief executive officer after spending five years at UBS. </p><p>Created in 2003 with backing from Li Ka-shing’s company CK Hutchison Holdings, it’s the parent of AMTD Digital and AMTD Idea Group, which is listed both in Singapore and the US.</p><p>AMTD Idea also has well-known backers. Century City International Holdings., owned by members of Hong Kong’s real estate tycoon Lo family, holds a 5.8 per cent stake in the firm. A unit of <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a> invested in a funding round in 2019.</p><p>Choi, a Hong Kong native and Canadian citizen who studied accounting at the University of Waterloo, is the sole owner of a vehicle that controls 32.5 per cent of AMTD Group. His father is also involved after a company that belongs to him acquired a majority stake in it in 2015. AMTD Group owns 50.6 per cent of AMTD Idea, which in turn owns 88.7 per cent of AMTD Digital.<img src=\"https://static.tigerbbs.com/d7aa3508b629e96c3d022ab2c656d3ac\" tg-width=\"832\" tg-height=\"831\" width=\"100%\" height=\"auto\"/>Choi has been a fixture at annual financial technology events in Singapore in recent years. At an event co-organised by the Monetary Authority of Singapore, AMTD Group was among the biggest sponsors for three consecutive years through 2019, when Choi spoke on panels with executives including Standard Chartered Chief Executive Officer Bill Winters.</p><p>Earlier this year, though, Hong Kong regulators banned Choi from the securities industry for two years for failing to disclose conflicts of interest in transactions he worked on while at UBS. He’s appealing the decision. China Minsheng Investment Group, an AMTD Group investor that installed Choi as CEO, turned against him and at one point placed banners in Hong Kong’s central district denouncing him.</p><p>Separately, Hindenburg Research has blasted AMTD Group. In an April 2021 report on Ebang International Holdings, a China-based crypto company, the short seller said its track record as an underwriter was “abysmal,” with 87 per cent of its US IPOs resulting in losses.</p><p>Choi admitted in a statement last year that he’s faced challenges.</p><p>“There are those who envy and [are] jealous, and those who are cold-eyed and mockers, and malicious, there are slanderers,” he said. “However, entrepreneurs must insist that development is the last word.”</p><p>AMTD’s surge has those from Hong Kong to New York speculating about what, if anything, is behind the moves in the stock. One explanation is that only a small portion of its shares are available for trading.</p><p>“The stock is highly overvalued,” said Thomas Nip, a research analyst at Valuable Capital in Hong Kong. “The low free float in the company’s shares means it will be easier for big shareholders to push up the stock price.”</p><p>While the recent rally in the US was reminiscent of the retail trading mania that drove up shares of companies including GameStop last year, some Reddit and Twitter users appeared baffled by the gains, denouncing claims that the sub-reddit WallStreetBets was behind the moves. At one point on Tuesday, AMTD Digital’s market value rose above $US400 billion, while AMTD Idea shares surged as much as 520 per cent.</p><p>“Given the speed of its ascent, I have a feeling this one will nosedive,” said Oktay Kavrak, director at Leverage Shares. “I hope investors take profits along the way as the inevitable crash will send HKD back to relative obscurity.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-04 08:19 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-08-03/amtd-digital-run-by-ex-ubs-banker-becomes-bigger-than-goldman-with-stock-surge?srnd=economics-vp><strong>Bloomberg </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The world, apparently, has a new financial giant.AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged so much that the combined market value of its ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-03/amtd-digital-run-by-ex-ubs-banker-becomes-bigger-than-goldman-with-stock-surge?srnd=economics-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMTD":"Amtd Idea","HKD":"尚乘数科"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-03/amtd-digital-run-by-ex-ubs-banker-becomes-bigger-than-goldman-with-stock-surge?srnd=economics-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256282915","content_text":"The world, apparently, has a new financial giant.AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged so much that the combined market value of its Class A and Class B shares hit more than $US310 billion ($446 billion) this week. That means the firm — which develops digital businesses, including financial services — is worth more than Bank of America, Morgan Stanley and Goldman Sachs, despite reporting just $US25 million in revenue for the year ended April 2021.At least on paper, that makes it the fifth-biggest financial company in the world, trailing Berkshire Hathaway Inc., JPMorgan Chase & Co., Bank of America Corp. and Industrial & Commercial Bank of China Ltd.While those firms have a long list of shareholders, AMTD Digital has a convoluted ownership structure that ultimately leads to one key name: Calvin Choi, an ex-UBS banker, who’s currently fighting an industry ban in Hong Kong for failing to disclose conflicts of interest.Despite that, Choi was on the floor of the New York Stock Exchange on July 15, ringing the bell as shares of AMTD Digital were about to begin their upward journey. They’re since up more than 14,000 per cent from the initial public offering price of $US7.80 , even after a 50 per cent retreat on Wednesday.It’s a mystery why the stock has surged, though some analysts have pointed to its tiny public float. It’s also not clear why investment bank AMTD Idea Group, another stock under the AMTD Group umbrella, has joined in the rally, soaring 525 per cent between July 15 and Tuesday’s close. That stock was the fourth-most-bought company on Fidelity’s trading platform on Wednesday, indicating that it’s become a favourite of retail traders, despite sliding 9.7 per cent on Wednesday.AMTD Digital didn’t immediately reply to a request for comment. It said in a statement on Tuesday that it’s monitoring the market for any trading abnormalities and doesn’t know of any “material circumstances, events, nor other matters” that could be affecting the stock price.Well-Known BackersChoi joined AMTD Group in 2016 as chairman and chief executive officer after spending five years at UBS. Created in 2003 with backing from Li Ka-shing’s company CK Hutchison Holdings, it’s the parent of AMTD Digital and AMTD Idea Group, which is listed both in Singapore and the US.AMTD Idea also has well-known backers. Century City International Holdings., owned by members of Hong Kong’s real estate tycoon Lo family, holds a 5.8 per cent stake in the firm. A unit of Morgan Stanley invested in a funding round in 2019.Choi, a Hong Kong native and Canadian citizen who studied accounting at the University of Waterloo, is the sole owner of a vehicle that controls 32.5 per cent of AMTD Group. His father is also involved after a company that belongs to him acquired a majority stake in it in 2015. AMTD Group owns 50.6 per cent of AMTD Idea, which in turn owns 88.7 per cent of AMTD Digital.Choi has been a fixture at annual financial technology events in Singapore in recent years. At an event co-organised by the Monetary Authority of Singapore, AMTD Group was among the biggest sponsors for three consecutive years through 2019, when Choi spoke on panels with executives including Standard Chartered Chief Executive Officer Bill Winters.Earlier this year, though, Hong Kong regulators banned Choi from the securities industry for two years for failing to disclose conflicts of interest in transactions he worked on while at UBS. He’s appealing the decision. China Minsheng Investment Group, an AMTD Group investor that installed Choi as CEO, turned against him and at one point placed banners in Hong Kong’s central district denouncing him.Separately, Hindenburg Research has blasted AMTD Group. In an April 2021 report on Ebang International Holdings, a China-based crypto company, the short seller said its track record as an underwriter was “abysmal,” with 87 per cent of its US IPOs resulting in losses.Choi admitted in a statement last year that he’s faced challenges.“There are those who envy and [are] jealous, and those who are cold-eyed and mockers, and malicious, there are slanderers,” he said. “However, entrepreneurs must insist that development is the last word.”AMTD’s surge has those from Hong Kong to New York speculating about what, if anything, is behind the moves in the stock. One explanation is that only a small portion of its shares are available for trading.“The stock is highly overvalued,” said Thomas Nip, a research analyst at Valuable Capital in Hong Kong. “The low free float in the company’s shares means it will be easier for big shareholders to push up the stock price.”While the recent rally in the US was reminiscent of the retail trading mania that drove up shares of companies including GameStop last year, some Reddit and Twitter users appeared baffled by the gains, denouncing claims that the sub-reddit WallStreetBets was behind the moves. At one point on Tuesday, AMTD Digital’s market value rose above $US400 billion, while AMTD Idea shares surged as much as 520 per cent.“Given the speed of its ascent, I have a feeling this one will nosedive,” said Oktay Kavrak, director at Leverage Shares. “I hope investors take profits along the way as the inevitable crash will send HKD back to relative obscurity.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074886214,"gmtCreate":1658331716238,"gmtModify":1676536142252,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CHPT\">$ChargePoint Holdings Inc.(CHPT)$</a>Yay or nay? ","listText":"<a href=\"https://ttm.financial/S/CHPT\">$ChargePoint Holdings Inc.(CHPT)$</a>Yay or nay? ","text":"$ChargePoint Holdings Inc.(CHPT)$Yay or nay?","images":[{"img":"https://community-static.tradeup.com/news/6aa79bdf0753c04996dee3dfa9d425d5","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074886214","isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9075423304,"gmtCreate":1658243578608,"gmtModify":1676536127556,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075423304","repostId":"1185506686","repostType":4,"repost":{"id":"1185506686","pubTimestamp":1658216005,"share":"https://ttm.financial/m/news/1185506686?lang=&edition=fundamental","pubTime":"2022-07-19 15:33","market":"us","language":"en","title":"How to Trade Options in a Bear Market: Retired Math Teacher","url":"https://stock-news.laohu8.com/highlight/detail?id=1185506686","media":"Business Insider","summary":"Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.This y","content":"<html><head></head><body><ul><li>Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.</li><li>This year, he pivoted to bear call spreads because the market became bullish.</li><li>It allows him to earn premiums and some capital gains without buying the underlying stocks.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5787b4d8beaf64c2401f662b3fb1ff2c\" tg-width=\"1300\" tg-height=\"975\" referrerpolicy=\"no-referrer\"/><span>Steve Chen became financially free at the age of 33. Steve Chen</span></p><p>Steve Chen spent his career as a middle-school math teacher until he retired from the job at the early age of 33 in February 2020.</p><p>He hadn't initially planned to leave that early. However, after landing his first $5,000 paycheck and seeing what he was left with after all the deductions were made, he realized he needed to find additional income streams.</p><p>One key takeaway he had after reading examples of others retiring early was that investing every month was a key factor in growing wealth. So he opened a brokerage account and began by simply investing in companies he was familiar with and broad-market exchange-traded funds such as Vanguard 500 (VOO), which tracks the S&P 500.</p><p>As Chen became more familiar with investing by watching YouTube videos and reading blogs, he began to explore options trading, which took off for him in 2020.</p><p>By 2021, between his retirement and brokerage accounts, he had a net profit of $76,925.88 from options trading, according to records viewed by Insider. Chen estimates that about 5% came from dividends paid by the underlying stocks he had call options on, 10% from capital gains from selling the call options, and the remainder came from premiums.</p><p>He's now the founder of Call To Leap, a website that teaches financial education around saving and investing, including options trading, for a fee.</p><p>Throughout 2020 and 2021, Chen mainly focused on selling covered calls, an options trade where he purchased shares of a stock and then sold a contract that gave the rights to another trader to purchase those shares at a certain price by a certain date. In exchange, he received a premium for that contract. Most of the time, Chen's shares weren't purchased away. This strategy not only allowed him to own stocks that appreciated over time, but also collect a fee on the call option.</p><p>He was also purchasing LEAPS, longer-term options contracts of one year or more that gave him the right to purchase shares away from another trader.</p><p>Covered calls were more profitable when the stock market was trending either neutral or bullish because the value of the underlying stock was increasing. Chen could put his shares to work by collecting premiums and if sold, also collecting capital gains.</p><p>LEAPS were highly profitable for him during the bull market that engulfed most of 2020 and 2021 because they enabled him to hold the rights to purchase shares at a designated price in the future. Since share prices were rising rapidly and faster than the contract decayed, he often didn't buy the shares but resold that contract at a higher value for a profit.</p><p>This year, stock investors haven't been as bullish. Year-to-date, the S&P 500 has tumbled by about 19% and the Dow by about 14%.</p><p>Chen told Insider he noticed the downtrend on January 18, after the support line in the S&P 500's technical chart broke, indicating a reversal pattern to a downward trend. He was also aware that the Federal Reserve was planning on raising interest rates to combat rising inflation. This meant that the downward trend could be strung out.</p><p>These two factors led him to pivot his options strategy to set up what's known as bear call spreads. This is an advanced options trade that is more ideal in a bear market because it allows a trader to profit from a falling stock price and the time decay of the contract without the risk of incurring unrealized losses due to the falling price of the underlying stock. This is because Chen doesn't need to actually buy the shares he's placing under contract.</p><p>Chen says the strategy isn't for everybody. This approach is for traders who have already been options trading in bullish and neutral markets and want to pivot to doing it in a bear market. Additionally, users often won't have access to this option in their brokerage account if they haven't been trading more basic options.</p><p><b>Setting up bear call spreads</b></p><p>Setting up a bear call spread requires two main steps.</p><p>First, Chen needs to buy an out-of-the-money call option, which will act as a proxy for the shares he plans to sell under contract. He needs to do this because brokerages often won't allow traders to sell a call option contract unless they can cover themselves. Since Chen doesn't want to buy the actual shares, he purchases a covered call for the same number of shares he plans on selling. The strike price, which is the price he agrees to pay, is out-of-the-money because it's above the stock price.</p><p>In reality, he has no intention of executing this contract because it has a high strike price. Yet he chooses it because it has a lower premium.</p><p>Once he's covered, he sells a different out-of-the-money call option that matches the number of shares and expiry date from the call option he purchased. This time, he sets a strike price that would earn him a premium higher than the purchased contract.</p><p>In the event that the trader who purchased Chen's call option decides to exercise the contract and take possession of the shares, Chen would need to purchase those shares to deliver on the contract. To avoid being in a position where he overpays for the stock, he sets up a third step, which is a buy stop order slightly below the strike price of the call option he sold. Traders who don't take this third step would have to purchase the shares at market value and risk incurring a realized loss.</p><p>"My intention is to not let the stock [price] surpass my sold call option contract strike [price]," Chen said.</p><p>One example of him setting up a bear call spread was on June 26, when he bought four call options for AMD with a strike price of $150 that expired on July 15. At the time, AMD was trading at around $87. The contracts cost him $82.64. Once he established his proxy, he sold four call options of AMD at a strike price of $125. The premium he earned on that contract was $525.34.</p><p>He then set up a buy stop order at a share price of $124. This way, if his shares were called away, he'd sell them with a capital gain of $1 on each share for a total of $400. However, in this instance, Chen kept his shares. Therefore, after deducting the cost of the call order he purchased, his total profit from the premium was $442.70, according to records viewed by Insider. In the event his buy order was executed appropriately and his shares were also sold, he could have had a total profit of $842.70.</p><p>Chen will also reduce his risk by purchasing his call option back when the contract loses 50% to 80% of its value. This allows him to pay less than what he initially sold the call option for and close the contract. In turn, reducing the number of days he's at risk. He sets expiration dates that range from 30 to 45 days out.</p><p>Chen teaches his students to pick expiration dates two to five weeks out because that's when the theta decay, which is the rate of decline in the value of the contract over time, is fastest, while the premium collected is optimal. The goal is to get both options to expire worthless as fast as possible during a downward trend.</p><p><b>Risks</b></p><p>One of the main risks Chen considers when setting up the options trade is the possibility of a buy stop order not executing. This could happen if the stock's price moves up too quickly. To avoid this, he will set up a buy stop market order rather than a buy stop limit order. The former will purchase the shares once it surpasses the set price even if it's slightly above. On the other end, the latter will only execute a buy order at exactly the set price.</p><p>While his risk is reduced, he may end up paying slightly over the price he intended. So far this incident has only happened to him once when Nike's (NKE) stock price shot up in September of 2020. Chen told Insider that by the time the buy order was executed, it was above his contract's strike price. Therefore, he purchased the shares at a higher price than what he sold them for.</p><p>The second risk happens when a buy order executes while the stock's price is rising but then the price drops before the trader decides to purchase his shares away. This could leave Chen with an unrealized loss.</p><p>For example, in 2020, Chen recalls setting up a bear call spread on AMD. The buy stop ordered was triggered but the shares were not purchased away from him. He was left with AMD shares that didn't move up in value. To mitigate his losses, he converted the trade into a covered call and kept collecting premiums on it until the shares were called away, sending him into a net positive.</p><p><b>3 criteria for picking the underlying stocks</b></p><p>In the event Chen ends up with an executed buy stop order but the shares aren't sold, he wants to ensure he's still holding stocks that have a higher probability of appreciating in the long term. Therefore, he sticks to what he believes are quality stocks.</p><ol><li>He picks stocks that are in the S&P 500 or the Dow Jones Industrial Average because there is more institutional involvement and they have a higher probability of increasing in the long term.</li><li>He picks companies with strong fundamentals, which include consistent revenue growth and selling high-demand products or services.</li><li>The company's historical stock chart has a strong upward trend, especially over the past five years.</li></ol></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Trade Options in a Bear Market: Retired Math Teacher</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\">\nHow to Trade Options in a Bear Market: Retired Math Teacher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-19 15:33 GMT+8 <a href=https://www.businessinsider.com/how-to-trade-options-in-bear-market-stocks-strategy-risks-2022-7><strong>Business Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.This year, he pivoted to bear call spreads because the market became bullish.It allows him to earn ...</p>\n\n<a href=\"https://www.businessinsider.com/how-to-trade-options-in-bear-market-stocks-strategy-risks-2022-7\">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",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.businessinsider.com/how-to-trade-options-in-bear-market-stocks-strategy-risks-2022-7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185506686","content_text":"Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.This year, he pivoted to bear call spreads because the market became bullish.It allows him to earn premiums and some capital gains without buying the underlying stocks.Steve Chen became financially free at the age of 33. Steve ChenSteve Chen spent his career as a middle-school math teacher until he retired from the job at the early age of 33 in February 2020.He hadn't initially planned to leave that early. However, after landing his first $5,000 paycheck and seeing what he was left with after all the deductions were made, he realized he needed to find additional income streams.One key takeaway he had after reading examples of others retiring early was that investing every month was a key factor in growing wealth. So he opened a brokerage account and began by simply investing in companies he was familiar with and broad-market exchange-traded funds such as Vanguard 500 (VOO), which tracks the S&P 500.As Chen became more familiar with investing by watching YouTube videos and reading blogs, he began to explore options trading, which took off for him in 2020.By 2021, between his retirement and brokerage accounts, he had a net profit of $76,925.88 from options trading, according to records viewed by Insider. Chen estimates that about 5% came from dividends paid by the underlying stocks he had call options on, 10% from capital gains from selling the call options, and the remainder came from premiums.He's now the founder of Call To Leap, a website that teaches financial education around saving and investing, including options trading, for a fee.Throughout 2020 and 2021, Chen mainly focused on selling covered calls, an options trade where he purchased shares of a stock and then sold a contract that gave the rights to another trader to purchase those shares at a certain price by a certain date. In exchange, he received a premium for that contract. Most of the time, Chen's shares weren't purchased away. This strategy not only allowed him to own stocks that appreciated over time, but also collect a fee on the call option.He was also purchasing LEAPS, longer-term options contracts of one year or more that gave him the right to purchase shares away from another trader.Covered calls were more profitable when the stock market was trending either neutral or bullish because the value of the underlying stock was increasing. Chen could put his shares to work by collecting premiums and if sold, also collecting capital gains.LEAPS were highly profitable for him during the bull market that engulfed most of 2020 and 2021 because they enabled him to hold the rights to purchase shares at a designated price in the future. Since share prices were rising rapidly and faster than the contract decayed, he often didn't buy the shares but resold that contract at a higher value for a profit.This year, stock investors haven't been as bullish. Year-to-date, the S&P 500 has tumbled by about 19% and the Dow by about 14%.Chen told Insider he noticed the downtrend on January 18, after the support line in the S&P 500's technical chart broke, indicating a reversal pattern to a downward trend. He was also aware that the Federal Reserve was planning on raising interest rates to combat rising inflation. This meant that the downward trend could be strung out.These two factors led him to pivot his options strategy to set up what's known as bear call spreads. This is an advanced options trade that is more ideal in a bear market because it allows a trader to profit from a falling stock price and the time decay of the contract without the risk of incurring unrealized losses due to the falling price of the underlying stock. This is because Chen doesn't need to actually buy the shares he's placing under contract.Chen says the strategy isn't for everybody. This approach is for traders who have already been options trading in bullish and neutral markets and want to pivot to doing it in a bear market. Additionally, users often won't have access to this option in their brokerage account if they haven't been trading more basic options.Setting up bear call spreadsSetting up a bear call spread requires two main steps.First, Chen needs to buy an out-of-the-money call option, which will act as a proxy for the shares he plans to sell under contract. He needs to do this because brokerages often won't allow traders to sell a call option contract unless they can cover themselves. Since Chen doesn't want to buy the actual shares, he purchases a covered call for the same number of shares he plans on selling. The strike price, which is the price he agrees to pay, is out-of-the-money because it's above the stock price.In reality, he has no intention of executing this contract because it has a high strike price. Yet he chooses it because it has a lower premium.Once he's covered, he sells a different out-of-the-money call option that matches the number of shares and expiry date from the call option he purchased. This time, he sets a strike price that would earn him a premium higher than the purchased contract.In the event that the trader who purchased Chen's call option decides to exercise the contract and take possession of the shares, Chen would need to purchase those shares to deliver on the contract. To avoid being in a position where he overpays for the stock, he sets up a third step, which is a buy stop order slightly below the strike price of the call option he sold. Traders who don't take this third step would have to purchase the shares at market value and risk incurring a realized loss.\"My intention is to not let the stock [price] surpass my sold call option contract strike [price],\" Chen said.One example of him setting up a bear call spread was on June 26, when he bought four call options for AMD with a strike price of $150 that expired on July 15. At the time, AMD was trading at around $87. The contracts cost him $82.64. Once he established his proxy, he sold four call options of AMD at a strike price of $125. The premium he earned on that contract was $525.34.He then set up a buy stop order at a share price of $124. This way, if his shares were called away, he'd sell them with a capital gain of $1 on each share for a total of $400. However, in this instance, Chen kept his shares. Therefore, after deducting the cost of the call order he purchased, his total profit from the premium was $442.70, according to records viewed by Insider. In the event his buy order was executed appropriately and his shares were also sold, he could have had a total profit of $842.70.Chen will also reduce his risk by purchasing his call option back when the contract loses 50% to 80% of its value. This allows him to pay less than what he initially sold the call option for and close the contract. In turn, reducing the number of days he's at risk. He sets expiration dates that range from 30 to 45 days out.Chen teaches his students to pick expiration dates two to five weeks out because that's when the theta decay, which is the rate of decline in the value of the contract over time, is fastest, while the premium collected is optimal. The goal is to get both options to expire worthless as fast as possible during a downward trend.RisksOne of the main risks Chen considers when setting up the options trade is the possibility of a buy stop order not executing. This could happen if the stock's price moves up too quickly. To avoid this, he will set up a buy stop market order rather than a buy stop limit order. The former will purchase the shares once it surpasses the set price even if it's slightly above. On the other end, the latter will only execute a buy order at exactly the set price.While his risk is reduced, he may end up paying slightly over the price he intended. So far this incident has only happened to him once when Nike's (NKE) stock price shot up in September of 2020. Chen told Insider that by the time the buy order was executed, it was above his contract's strike price. Therefore, he purchased the shares at a higher price than what he sold them for.The second risk happens when a buy order executes while the stock's price is rising but then the price drops before the trader decides to purchase his shares away. This could leave Chen with an unrealized loss.For example, in 2020, Chen recalls setting up a bear call spread on AMD. The buy stop ordered was triggered but the shares were not purchased away from him. He was left with AMD shares that didn't move up in value. To mitigate his losses, he converted the trade into a covered call and kept collecting premiums on it until the shares were called away, sending him into a net positive.3 criteria for picking the underlying stocksIn the event Chen ends up with an executed buy stop order but the shares aren't sold, he wants to ensure he's still holding stocks that have a higher probability of appreciating in the long term. Therefore, he sticks to what he believes are quality stocks.He picks stocks that are in the S&P 500 or the Dow Jones Industrial Average because there is more institutional involvement and they have a higher probability of increasing in the long term.He picks companies with strong fundamentals, which include consistent revenue growth and selling high-demand products or services.The company's historical stock chart has a strong upward trend, especially over the past five years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077434146,"gmtCreate":1658551917385,"gmtModify":1676536176312,"author":{"id":"3581942006805596","authorId":"3581942006805596","name":"leong0604","avatar":"https://community-static.tradeup.com/news/27977c25db5b7bef8e303a21d7070bc3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581942006805596","authorIdStr":"3581942006805596"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ADM\">$Archer-Daniels Midland(ADM)$</a>Is it overpriced? 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