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2022-09-20

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5 High-Conviction Stocks to Buy in the Next Market Correction

2022-09-19

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5 Struggling Stocks to Buy at a Discount

2022-09-18

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3 EV Stocks Got Electrocuted by the Market: Which One Will Survive?

2022-09-17

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Apple Stock: Watch Out for These Catalysts

2022-09-16

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Hot Chinese ADRs Slipped in Morning Trading with Pinduoduo Sliding Over 5%

2022-09-15

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Warren Buffett Has Bought 8 New Stocks in 2022: Here's the Best of the Bunch

2022-09-14

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Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes

2022-09-13

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Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report

2022-09-12

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Oracle, Occidental, JPMorgan And More: U.S. Stocks To Watch

2022-09-11

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Is the iPhone 14 Worth It? Apple CEO Tim Cook Made One "Brilliant Move," but Our Verdict Might Surprise You

2022-09-10

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ASX Weekly Review: Dovish Reserve Bank and Flying Miners Send Market Higher

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2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

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Play Defense With The Vanguard S&P 500 Value ETF

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U.S. Stocks Rise As Wall Street Looks to Reverse 3-Week Losing Streak

2022-09-05

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Sorry, the original content has been removed

2022-09-04

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3 Stocks Cathie Wood Is Buying That Should Be on Your List Too

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3 Penny Stocks That Could 10X by 2023

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August Jobs Report to Provide More Clues on Economy's Direction, Fed's Rate Path

2022-09-01

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Pre-Bell｜U.S. Stock Index Futures Slid; Semiconductor Stocks Fell

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The markets are seeing heightened volatility in the past few months as the Federal Reserve hikes interest rates to tackle runaway inflation. With the NASDAQ Composite Index and <b>S&amp;P 500</b> already in a bear market this year, stock prices may have room to fall further. You should see a market correction as a golden opportunity to either accumulate more shares of companies you already own or to start a new position in a company that&#39;s become much cheaper.</p><p>Of course, you&#39;ll need to ensure several attributes are in place before you pull the trigger. The business needs to demonstrate steady growth, be a dominant player within its industry, and enjoy tailwinds that will allow them to continue doing well. With these characteristics in place, a buy-and-hold strategy can ensure that you enjoy steady compounding to achieve your retirement goals.</p><p>Here are five stocks you can consider buying during the next market correction.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c29fc1d86cf50cea60b7596122ca8e11\" tg-width=\"2000\" tg-height=\"1333\" referrerpolicy=\"no-referrer\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><h2>Starbucks</h2><p><b>Starbucks</b> is a global coffee chain with more than 34,000 stores around the world.  The company reported an encouraging set of earnings for its fiscal 2022&#39;s third quarter, with net revenue up 9% year over year to a record $8.2 billion. Comparable-store sales were up 3% globally, with the U.S. registering a 9% increase, and active Starbucks reward members climbed 13% year over year in the U.S. to 27.4 million members.</p><p>During its recent biennial Investor Day, Starbucks unveiled an ambitious three-year financial roadmap to deliver annual comparable store sales growth of 7% to 9%, revenue growth of 10% to 12%, and earnings-per-share (EPS) growth of 15% to 20%. Founder and interim CEO Howard Shultz also introduced incoming CEO Laxman Narasimhan, who will assume his new role on April 1 next year. With this plan, it seems the company is kicking into high gear to deliver steady earnings growth for investors.</p><h2>Lululemon</h2><p><b>Lululemon</b> is a market leader for athletic apparel and footwear for yoga, running, and training and provides innovative materials and interesting designs for its products. Results for its fiscal 2022&#39;s second quarter were impressive. Revenue increased 29% year over year to $1.9 billion, with comparable-store sales jumping 23% year over year. Net income surged by 39.1% year over year to $289.5 million, partially lifted by a $10.2 million one-off gain from the disposal of an administrative building.</p><p>Lululemon has reported that supply chain woes are easing, allowing the company to manufacture the products it needs to satisfy strong demand. The sports apparel company expects net revenue to grow at a three-year compound annual growth rate of around 26% and for 2022 to register sales of between $7.87 billion to $7.94 billion.</p><h2>Okta</h2><p><b>Okta</b> is a software-as-a-service business that offers identity management services to more than 16,400 customers to help their systems set up secure and convenient access. Okta&#39;s shares may have declined by nearly 72% year to date, but the company is still knocking the lights out with its latest Q2 2023 earnings. Revenue grew 43% year over year, with subscription revenue growing by 44% year over year. Subscription backlog improved by 25% year over year to 2.8 billion, while billings increased by 36% year over year.</p><p>Okta believes there is a significant opportunity for it to continue growing as the total addressable market for its business is around $80 billion. The company has identified various growth drivers and will be implementing them to drive its top and bottom lines. It will work on improving its platform and network and also use its successful &#34;land and expand&#34; strategy in large organizations. International expansion is also on the cards as U.S. revenue made up more than three quarters of total revenue for the quarter.</p><h2>DocuSign</h2><p>If you&#39;re looking for a quick, secure, and convenient way to digitally sign your business agreements, <b>DocuSign</b> has a cloud service that provides this service. The company boasts more than a billion users in 180 countries and also reported a solid  Q2 2023 report card. Subscription and total revenue continued climbing, up 23% and 22% year over year, respectively. Billings also saw an increase of 9% year over year.</p><p>DocuSign believes that its Agreement Cloud has a large market opportunity with a total addressable market of around $50 billion. The company is confident in driving new use-cases such as the notarization of documents and analytics. By expanding on these new uses, DocuSign can drive greater adoption throughout the organization.</p><h2>Chipotle Mexican Grill</h2><p><b>Chipotle Mexican Grill</b> offers a wide menu of food items using responsibly sourced ingredients that do not contain artificial colors, flavors, or preservatives. The Mexican food chain, which boasts 3,000 restaurants in the U.S. and parts of Europe, reported continued growth in its Q2 2022 earnings report. 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The board of directors had also approved an additional $300 million to be used for share buybacks.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 High-Conviction Stocks to Buy in the Next Market Correction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 High-Conviction Stocks to Buy in the Next Market Correction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-20 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/19/5-high-conviction-stocks-to-buy-in-the-next-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThese companies have strong market positions in their respective industries.They continue to demonstrate healthy growth during tough times.Their resilience allows them to get through short-...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/19/5-high-conviction-stocks-to-buy-in-the-next-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LULU":"lululemon athletica","SBUX":"星巴克","DOCU":"Docusign","CMG":"墨式烧烤","OKTA":"Okta Inc."},"source_url":"https://www.fool.com/investing/2022/09/19/5-high-conviction-stocks-to-buy-in-the-next-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193461774","content_text":"KEY POINTSThese companies have strong market positions in their respective industries.They continue to demonstrate healthy growth during tough times.Their resilience allows them to get through short-term challenges to do well in the long run.It's useful to prepare a watchlist of stocks that you plan to accumulate. The markets are seeing heightened volatility in the past few months as the Federal Reserve hikes interest rates to tackle runaway inflation. With the NASDAQ Composite Index and S&P 500 already in a bear market this year, stock prices may have room to fall further. You should see a market correction as a golden opportunity to either accumulate more shares of companies you already own or to start a new position in a company that's become much cheaper.Of course, you'll need to ensure several attributes are in place before you pull the trigger. The business needs to demonstrate steady growth, be a dominant player within its industry, and enjoy tailwinds that will allow them to continue doing well. With these characteristics in place, a buy-and-hold strategy can ensure that you enjoy steady compounding to achieve your retirement goals.Here are five stocks you can consider buying during the next market correction.IMAGE SOURCE: GETTY IMAGES.StarbucksStarbucks is a global coffee chain with more than 34,000 stores around the world.  The company reported an encouraging set of earnings for its fiscal 2022's third quarter, with net revenue up 9% year over year to a record $8.2 billion. Comparable-store sales were up 3% globally, with the U.S. registering a 9% increase, and active Starbucks reward members climbed 13% year over year in the U.S. to 27.4 million members.During its recent biennial Investor Day, Starbucks unveiled an ambitious three-year financial roadmap to deliver annual comparable store sales growth of 7% to 9%, revenue growth of 10% to 12%, and earnings-per-share (EPS) growth of 15% to 20%. Founder and interim CEO Howard Shultz also introduced incoming CEO Laxman Narasimhan, who will assume his new role on April 1 next year. With this plan, it seems the company is kicking into high gear to deliver steady earnings growth for investors.LululemonLululemon is a market leader for athletic apparel and footwear for yoga, running, and training and provides innovative materials and interesting designs for its products. Results for its fiscal 2022's second quarter were impressive. Revenue increased 29% year over year to $1.9 billion, with comparable-store sales jumping 23% year over year. Net income surged by 39.1% year over year to $289.5 million, partially lifted by a $10.2 million one-off gain from the disposal of an administrative building.Lululemon has reported that supply chain woes are easing, allowing the company to manufacture the products it needs to satisfy strong demand. The sports apparel company expects net revenue to grow at a three-year compound annual growth rate of around 26% and for 2022 to register sales of between $7.87 billion to $7.94 billion.OktaOkta is a software-as-a-service business that offers identity management services to more than 16,400 customers to help their systems set up secure and convenient access. Okta's shares may have declined by nearly 72% year to date, but the company is still knocking the lights out with its latest Q2 2023 earnings. Revenue grew 43% year over year, with subscription revenue growing by 44% year over year. Subscription backlog improved by 25% year over year to 2.8 billion, while billings increased by 36% year over year.Okta believes there is a significant opportunity for it to continue growing as the total addressable market for its business is around $80 billion. The company has identified various growth drivers and will be implementing them to drive its top and bottom lines. It will work on improving its platform and network and also use its successful \"land and expand\" strategy in large organizations. International expansion is also on the cards as U.S. revenue made up more than three quarters of total revenue for the quarter.DocuSignIf you're looking for a quick, secure, and convenient way to digitally sign your business agreements, DocuSign has a cloud service that provides this service. The company boasts more than a billion users in 180 countries and also reported a solid  Q2 2023 report card. Subscription and total revenue continued climbing, up 23% and 22% year over year, respectively. Billings also saw an increase of 9% year over year.DocuSign believes that its Agreement Cloud has a large market opportunity with a total addressable market of around $50 billion. The company is confident in driving new use-cases such as the notarization of documents and analytics. By expanding on these new uses, DocuSign can drive greater adoption throughout the organization.Chipotle Mexican GrillChipotle Mexican Grill offers a wide menu of food items using responsibly sourced ingredients that do not contain artificial colors, flavors, or preservatives. The Mexican food chain, which boasts 3,000 restaurants in the U.S. and parts of Europe, reported continued growth in its Q2 2022 earnings report. Total revenue rose 17% year over year to $2.2 billion, with comparable-store sales up 10.1% year over year. Digital sales made up nearly 40% of revenue, showcasing the success with which Chipotle had achieved by pivoting to online orders during the pandemic.The company is pushing on with new store openings and expects to open between 235 and 250 new restaurants in 2022. The board of directors had also approved an additional $300 million to be used for share buybacks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910873086,"gmtCreate":1663602304445,"gmtModify":1676537299654,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9910873086","repostId":"1102128091","repostType":4,"repost":{"id":"1102128091","pubTimestamp":1663571453,"share":"https://www.laohu8.com/m/news/1102128091?lang=&edition=full","pubTime":"2022-09-19 15:10","market":"us","language":"en","title":"5 Struggling Stocks to Buy at a Discount","url":"https://stock-news.laohu8.com/highlight/detail?id=1102128091","media":"Motley Fool","summary":"These perennial outperformers are down, but definitely not out.","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li>Money can be made in bull markets, but fortunes are made in bear markets.</li><li>So goes the Wall Street adage that&#39;s been proven right time and again.</li><li>Long-term investors should focus on five years down the road -- not five weeks or months.</li></ul><p>Looking back at investing articles from 2009 and 2020, the worst years for stocks of the Great Recession and the pandemic, the fear in the market was palpable. But there were some brave souls with the foresight to look past the headlines -- those who did have been richly rewarded, as has been the case in every market correction. Forget timing the bottom; that&#39;s a fool&#39;s errand. Incrementally buying during those down times was ridiculously profitable.</p><p>What&#39;s the lesson? Strategize long-term, dollar-cost average, and stick with fantastic companies. <b>Alphabet</b>,<b>The Trade Desk</b>, <b>Skyworks Solutions</b>, <b>Amazon</b>, and <b>Disney</b> are down more than 20% year to date (YTD) and worthy of hefty consideration.</p><h2>1. Alphabet looks like a bargain</h2><p>When a company&#39;s primary revenue driver is so popular that it becomes a verb, that&#39;s a pretty impressive sign. You might have even &#34;Googled&#34; to find The Motley Fool. With Alphabet&#39;s stock down nearly 23% this year, it&#39;s time for investors to sit up and take notice.</p><p>Alphabet has several profit and growth drivers. Its core Google Search service is a must for advertisers, giving it incredible pricing power. YouTube capitalizes on streaming growth, and Google Cloud is growing against tough competition.</p><p>Google&#39;s advertising business, which includes Google Search, YouTube, and Google Network, has increased sales from $95 billion to $111 billion year over year through the first half of 2022 against a challenging economic backdrop. Total operating income rose to $39.5 billion from $35.8 billion, even as management grappled with inflation and cutbacks in many advertising budgets. Increasing sales in the face of headwinds show the power of Alphabet&#39;s market stronghold.</p><p>Google Cloud competes with <b>Microsoft</b> Azure and Amazon Web Services (AWS) in the cloud market. Sales have grown nearly 40% this year, but the segment isn&#39;t profitable yet. Google Cloud is a fantastic opportunity for Alphabet to diversify its profit drivers if management can successfully scale to profitability.</p><p>Alphabet is trading at a price-to-earnings (P/E) ratio of around 21, or more than 12% lower than it traded at the start of 2019, making the stock compelling.</p><h2>2. The Trade Desk capitalizes on a massive shift</h2><p>While Alphabet has the market cornered in search advertising, The Trade Desk is making things happen in streaming. The Trade Desk offers advertisers a comprehensive platform enabling targeted advertising across several mediums, including the coveted connected television (CTV) market.</p><p>CTV refers to any content accessed through the internet, such as watching <b>Netflix</b> or Disney+ on a smart TV or using <b>Roku</b> or similar devices. It&#39;s easy to see why this market is the new must-have for advertisers.</p><p>The Trade Desk stock is down more than 25% this year after getting caught up in the growth stock euphoria in 2021. But its results are terrific. Revenue reached $1.2 billion in fiscal 2021, marking a 43% increase over the $836 million prior year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0333f709aec1a22406c2ba6504199d65\" tg-width=\"989\" tg-height=\"418\" width=\"100%\" height=\"auto\"/><span>DATA SOURCE: THE TRADE DESK. CHART BY AUTHOR.</span></p><p>The Trade Desk separates itself from other growth stocks by producing generally accepted accounting principles (GAAP) profits to the tune of $138 million in fiscal 2021, along with $379 million in cash from operations -- an impressive 32% margin.</p><p>The Trade Desk has momentum, opportunity, and execution, and the stock is now trading near its pre-pandemic price-to-sales (P/S) ratio. This could be the time to accumulate shares for the long term.</p><h2>3. Only one segment matters for Amazon&#39;s future</h2><p>Amazon stock is down 25% this year as investors fret over rising costs, logistical headaches, and labor shortages which have crushed profits in retail. But Amazon&#39;s future is not in online retail sales. Its future is AWS, the world&#39;s leading cloud services provider, and business here is booming. AWS accounts for all of the company&#39;s operating income and a significant portion of sales growth this year.</p><p>AWS sales reached a record $62.2 billion in 2021 and $72.1 billion over the past 12 months. What&#39;s better? AWS has an operating margin of over 30%. Amazon also has a burgeoning digital advertising revenue stream that made $31.2 billion in 2021 and grew 18% last quarter. While some agonize over short-term losses in retail, long-term investors can buy the stock at a discount knowing that AWS (with an advertising cherry on top) will power profits for years to come.</p><h2>4. Skyworks enables our increasingly connected world</h2><p>Have you been to a big-box store recently and seen these new smart refrigerators? Or maybe you&#39;re on the cutting edge and already own one. This is a whimsical example of what&#39;s known as the Internet of Things (IoT). IoT includes devices from cars to hearing aids. The future of our world is connected, and the semiconductors (chips) made by Skyworks are at the forefront.</p><p>Skyworks&#39; chips are also used in conventional applications like smartphones, tablets, automobiles, and gaming platforms. The sluggish demand and expected economic slowdown have caused shares to drop more than 35% year to date. Despite the headwinds, the company increased the dividend by 11% last quarter. The forward yield is now close to 2.5% -- historically high for Skyworks. Revenue for third-quarter fiscal 2022 reached $1.2 billion on double-digit growth, and management guided for continued growth above 10% in the fiscal fourth quarter.</p><p>Chip stocks have been hit hard, but incrementally purchasing Skyworks now could pay handsomely in the future. In the meantime, investors can enjoy the yield.</p><h2>5. Don&#39;t doubt the mouse</h2><p>Disney has had a tough few years with the pandemic closing or limiting attendance, followed by inflation and fears of a recession. But the company has something up its sleeve: Pricing power. Recent articles show pricing at Disney parks rising much faster than inflation over many years. How can Disney do this? Because it has a unique product that people love and other companies can&#39;t replicate.</p><p>The stock is down about 28% this year because Wall Street is anticipating that the economy will take its toll on earnings. And they are probably right. But we don&#39;t beat the market investing for right now; we outpace the market by anticipating where a company will be in the future.</p><p>Disney has several profit drivers for the future. First, the parks are a unique experience that has been a rite of passage for generations. Revenue in this segment is up 92% so far this fiscal year, reaching $21.3 billion through three quarters. Disney+, Hulu, and ESPN+ streaming services are adding subscribers at a tremendous pace -- 14.4 million were added last quarter alone. In addition, the company believes it can capitalize on the sports betting craze with ESPN.</p><p>Some investors run for the exits when the market goes on sale. Others use a disciplined strategy to purchase great companies at a discount. If you are in the latter category, consider the terrific companies above.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Struggling Stocks to Buy at a Discount</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Struggling Stocks to Buy at a Discount\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-19 15:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/18/5-struggling-stocks-to-buy-at-a-discount/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSMoney can be made in bull markets, but fortunes are made in bear markets.So goes the Wall Street adage that's been proven right time and again.Long-term investors should focus on five years ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/18/5-struggling-stocks-to-buy-at-a-discount/\">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","DIS":"迪士尼","TTD":"Trade Desk Inc.","AMZN":"亚马逊","SWKS":"思佳讯"},"source_url":"https://www.fool.com/investing/2022/09/18/5-struggling-stocks-to-buy-at-a-discount/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102128091","content_text":"KEY POINTSMoney can be made in bull markets, but fortunes are made in bear markets.So goes the Wall Street adage that's been proven right time and again.Long-term investors should focus on five years down the road -- not five weeks or months.Looking back at investing articles from 2009 and 2020, the worst years for stocks of the Great Recession and the pandemic, the fear in the market was palpable. But there were some brave souls with the foresight to look past the headlines -- those who did have been richly rewarded, as has been the case in every market correction. Forget timing the bottom; that's a fool's errand. Incrementally buying during those down times was ridiculously profitable.What's the lesson? Strategize long-term, dollar-cost average, and stick with fantastic companies. Alphabet,The Trade Desk, Skyworks Solutions, Amazon, and Disney are down more than 20% year to date (YTD) and worthy of hefty consideration.1. Alphabet looks like a bargainWhen a company's primary revenue driver is so popular that it becomes a verb, that's a pretty impressive sign. You might have even \"Googled\" to find The Motley Fool. With Alphabet's stock down nearly 23% this year, it's time for investors to sit up and take notice.Alphabet has several profit and growth drivers. Its core Google Search service is a must for advertisers, giving it incredible pricing power. YouTube capitalizes on streaming growth, and Google Cloud is growing against tough competition.Google's advertising business, which includes Google Search, YouTube, and Google Network, has increased sales from $95 billion to $111 billion year over year through the first half of 2022 against a challenging economic backdrop. Total operating income rose to $39.5 billion from $35.8 billion, even as management grappled with inflation and cutbacks in many advertising budgets. Increasing sales in the face of headwinds show the power of Alphabet's market stronghold.Google Cloud competes with Microsoft Azure and Amazon Web Services (AWS) in the cloud market. Sales have grown nearly 40% this year, but the segment isn't profitable yet. Google Cloud is a fantastic opportunity for Alphabet to diversify its profit drivers if management can successfully scale to profitability.Alphabet is trading at a price-to-earnings (P/E) ratio of around 21, or more than 12% lower than it traded at the start of 2019, making the stock compelling.2. The Trade Desk capitalizes on a massive shiftWhile Alphabet has the market cornered in search advertising, The Trade Desk is making things happen in streaming. The Trade Desk offers advertisers a comprehensive platform enabling targeted advertising across several mediums, including the coveted connected television (CTV) market.CTV refers to any content accessed through the internet, such as watching Netflix or Disney+ on a smart TV or using Roku or similar devices. It's easy to see why this market is the new must-have for advertisers.The Trade Desk stock is down more than 25% this year after getting caught up in the growth stock euphoria in 2021. But its results are terrific. Revenue reached $1.2 billion in fiscal 2021, marking a 43% increase over the $836 million prior year.DATA SOURCE: THE TRADE DESK. CHART BY AUTHOR.The Trade Desk separates itself from other growth stocks by producing generally accepted accounting principles (GAAP) profits to the tune of $138 million in fiscal 2021, along with $379 million in cash from operations -- an impressive 32% margin.The Trade Desk has momentum, opportunity, and execution, and the stock is now trading near its pre-pandemic price-to-sales (P/S) ratio. This could be the time to accumulate shares for the long term.3. Only one segment matters for Amazon's futureAmazon stock is down 25% this year as investors fret over rising costs, logistical headaches, and labor shortages which have crushed profits in retail. But Amazon's future is not in online retail sales. Its future is AWS, the world's leading cloud services provider, and business here is booming. AWS accounts for all of the company's operating income and a significant portion of sales growth this year.AWS sales reached a record $62.2 billion in 2021 and $72.1 billion over the past 12 months. What's better? AWS has an operating margin of over 30%. Amazon also has a burgeoning digital advertising revenue stream that made $31.2 billion in 2021 and grew 18% last quarter. While some agonize over short-term losses in retail, long-term investors can buy the stock at a discount knowing that AWS (with an advertising cherry on top) will power profits for years to come.4. Skyworks enables our increasingly connected worldHave you been to a big-box store recently and seen these new smart refrigerators? Or maybe you're on the cutting edge and already own one. This is a whimsical example of what's known as the Internet of Things (IoT). IoT includes devices from cars to hearing aids. The future of our world is connected, and the semiconductors (chips) made by Skyworks are at the forefront.Skyworks' chips are also used in conventional applications like smartphones, tablets, automobiles, and gaming platforms. The sluggish demand and expected economic slowdown have caused shares to drop more than 35% year to date. Despite the headwinds, the company increased the dividend by 11% last quarter. The forward yield is now close to 2.5% -- historically high for Skyworks. Revenue for third-quarter fiscal 2022 reached $1.2 billion on double-digit growth, and management guided for continued growth above 10% in the fiscal fourth quarter.Chip stocks have been hit hard, but incrementally purchasing Skyworks now could pay handsomely in the future. In the meantime, investors can enjoy the yield.5. Don't doubt the mouseDisney has had a tough few years with the pandemic closing or limiting attendance, followed by inflation and fears of a recession. But the company has something up its sleeve: Pricing power. Recent articles show pricing at Disney parks rising much faster than inflation over many years. How can Disney do this? Because it has a unique product that people love and other companies can't replicate.The stock is down about 28% this year because Wall Street is anticipating that the economy will take its toll on earnings. And they are probably right. But we don't beat the market investing for right now; we outpace the market by anticipating where a company will be in the future.Disney has several profit drivers for the future. First, the parks are a unique experience that has been a rite of passage for generations. Revenue in this segment is up 92% so far this fiscal year, reaching $21.3 billion through three quarters. Disney+, Hulu, and ESPN+ streaming services are adding subscribers at a tremendous pace -- 14.4 million were added last quarter alone. In addition, the company believes it can capitalize on the sports betting craze with ESPN.Some investors run for the exits when the market goes on sale. Others use a disciplined strategy to purchase great companies at a discount. If you are in the latter category, consider the terrific companies above.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937732736,"gmtCreate":1663502291325,"gmtModify":1676537280084,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937732736","repostId":"1141105212","repostType":4,"repost":{"id":"1141105212","pubTimestamp":1663470096,"share":"https://www.laohu8.com/m/news/1141105212?lang=&edition=full","pubTime":"2022-09-18 11:01","market":"us","language":"en","title":"3 EV Stocks Got Electrocuted by the Market: Which One Will Survive?","url":"https://stock-news.laohu8.com/highlight/detail?id=1141105212","media":"TipRanks","summary":"Story HighlightsPrior to the Fed’s pivot to an aggressively hawkish monetary policy, myriad catalysts seemingly bolstered the bullish case for EV stocks. However, with the money supply tightening and ","content":"<div>\n<p>Story HighlightsPrior to the Fed’s pivot to an aggressively hawkish monetary policy, myriad catalysts seemingly bolstered the bullish case for EV stocks. However, with the money supply tightening and ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/valuation-wars-how-do-these-3-ev-stocks-stack-up-lcid-rivn-fsr\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 EV Stocks Got Electrocuted by the Market: Which One Will Survive?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 EV Stocks Got Electrocuted by the Market: Which One Will Survive?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-18 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/valuation-wars-how-do-these-3-ev-stocks-stack-up-lcid-rivn-fsr><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsPrior to the Fed’s pivot to an aggressively hawkish monetary policy, myriad catalysts seemingly bolstered the bullish case for EV stocks. However, with the money supply tightening and ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/valuation-wars-how-do-these-3-ev-stocks-stack-up-lcid-rivn-fsr\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSR":"菲斯克","RIVN":"Rivian Automotive, Inc.","LCID":"Lucid Group Inc"},"source_url":"https://www.tipranks.com/news/article/valuation-wars-how-do-these-3-ev-stocks-stack-up-lcid-rivn-fsr","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141105212","content_text":"Story HighlightsPrior to the Fed’s pivot to an aggressively hawkish monetary policy, myriad catalysts seemingly bolstered the bullish case for EV stocks. However, with the money supply tightening and borrowing costs rising, investors are reexamining prior assumptions.Climate change, geopolitics, and rising gasoline prices. These are some of the key catalysts driving motorists to consider the electrification of transportation. As well, investors have poured into EV stocks as they chase what could be in their minds the next Tesla (NASDAQ:TSLA).Up until the Federal Reserve decided to take a decidedly hawkish stance with its monetary policy, the narrative for EVs was a welcoming one. Now, amid a tightening money supply and rising borrowing costs, investors must reconsider prior assumptions.On paper, the bullish framework for EV stocks initially appears bulletproof. Primarily, a combination of rising inflation and geopolitical disruptions that sent energy markets skyrocketing due to supply crunch implications boded well for the electrification of mobility. However, economic hardships imposed a sharp reality check on this thesis.Per Kelley Blue Book, earlier this year, the average price of a new EV jumped to $62,876. However, the pre-pandemic U.S. household income was $69,560, indicating that many, if not most, Americans will not be able to make the transition to electric.For now, the companies undergirding some of the most popular EV stocks have decided to focus exclusively on the affluent consumer base. While this is the most realistic course of action, it begs the question: how do these firms stack up in terms of valuation?Setting the Framework for EV StocksBefore moving forward, it’s important to lay the groundwork for the below discussion points. While the concept of valuation can cover several metrics, typically, investors refer to a company’s price relative to earnings. Unfortunately, many of the firms undergirding non-Tesla EV stocks have yet to post positive numbers on the bottom line. Therefore, it may be helpful to consider the price-to-tangible-book value (PTBV).As of this writing, Tesla features a PTBV of 24.8, which is considered a hefty premium. The automotive industry features a median PTBV of 1.71. For instance, Japanese auto giant Toyota (NYSE:TM) has a PTBV of 1.05. Interestingly, luxury brand Mercedes-Benz Group (OTC:DMLRY) is priced just under 1 for the same metric.Depending on the consumer base, key financial ratios can vary wildly. Conspicuously, Ferrari (NYSE:RACE) features a price-to-book ratio of 16.3 times while its PTBV is a staggering 145.72. Again, understanding who the key consumer base is can better determine which EV stocks are valued appropriately.Lucid GroupOne of the most compelling EV stocks available, Lucid Group (NASDAQ:LCID), initially attracted attention for its focus on some of the wealthiest consumer demographics in the world. For example, its Lucid Air electric sedan starts at a staggering price of $87,400. Those who want to up their game can consider the Air Grand Touring, which tips the scale at $154,000 as an opening benchmark.Presently, Lucid features a PTBV of 6.62 times, which again is notably above the auto industry median of 1.71. However, compared to Tesla’s PTBV of 24.8 times, LCID stock might appear undervalued.Fundamentally, investors should consider Lucid’s likely trajectory. With the average price of a new EV nearly approaching $63,000, the only consumers that can afford even garden-variety EVs are wealthy ones. Therefore, LCID may be on the right track, although it is a risky market idea.Rivian AutomotiveEasily one of the most anticipated initial public offerings (IPOs) last year, Rivian Automotive (NASDAQ:RIVN) delighted early bird investors with its attractive product offerings and relatively reasonable price points. However, the company only enjoyed a short-term pop when it debuted in November 2021. Since then, RIVN has been on a downward slide. On a year-to-date basis, the stock hemorrhaged nearly 62% of its value.Although Rivian’s market losses present significant concerns, an argument exists that RIVN is somewhat undervalued. Currently, its PTBV is 1.81, which may be higher than the auto industry median but is conspicuously below Lucid’s corresponding metric.Before investors jump on LCID, though, it’s important to realize that the underlying company raised its prices. The R1T, which Rivian originally listed at $67,500, now goes for $79,500. The R1S, which was earlier listed at $70,000, now commands a price tag of $84,500. Therefore, Rivian at least partially lost a key competitive edge.FiskerAnother exciting EV-related IPO, Fisker (NYSE:FSR), stands above the other EV stocks in that the company’s prime calling card is its design heritage. That’s not surprising considering that Henrik Fisker, the founder of the auto manufacturer that bears his name, commands global recognition as a premier auto designer. Fisker brought to life several iconic works, including the BMW Z8.Regarding valuation, Fisker’s PTBV stands at 6.87 times, nearly identical to Lucid, and because of that fact, FSR appears overvalued relative to Rivian. However, it wouldn’t be wise to rule out Fisker just yet.While beauty is in the eye of the beholder, the upcoming Fisker Ocean SUV embodies a blend of classic European aesthetics with the clean edges of modernity. More importantly, from a financial perspective, consumers can enjoy this world-class design without killing the wallet.The entry-level Ocean starts at $37,499 while the premium model caps out at $68,999, noticeably below thecheapestofferings of its two competitors above.Which EV Maker Stands Out?Among the three EV stocks mentioned above, which one offers the best deal for prospective investors? Primarily, it comes down to personal risk-reward profiles. Those who gravitate toward traditional financial metrics will likely be interested in Rivian for its relatively low PTBV. However, forward-looking investors may see tremendous future value in Lucid’s premium-label brand. Finally, Fisker stands somewhere in the middle, offering a speculative profile but also delivering the lowest-cost products.","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937619515,"gmtCreate":1663417163437,"gmtModify":1676537267830,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9937619515","repostId":"2267061868","repostType":4,"repost":{"id":"2267061868","pubTimestamp":1663374316,"share":"https://www.laohu8.com/m/news/2267061868?lang=&edition=full","pubTime":"2022-09-17 08:25","market":"us","language":"en","title":"Apple Stock: Watch Out for These Catalysts","url":"https://stock-news.laohu8.com/highlight/detail?id=2267061868","media":"TipRanks","summary":"Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially b","content":"<div>\n<p>Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially be the most successful iteration of the iPhone. Moreover, with its relatively strong results in the ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: Watch Out for These Catalysts</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\">\nApple Stock: Watch Out for These Catalysts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-17 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially be the most successful iteration of the iPhone. Moreover, with its relatively strong results in the ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts\">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"},"source_url":"https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267061868","content_text":"Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially be the most successful iteration of the iPhone. Moreover, with its relatively strong results in the third quarter, it has the potential to continue expanding its top and bottom-line results.September has been a forgettable month for the stock market, but it turned out to be the opposite for Apple stock (NASDAQ:AAPL). The tech giant wrapped up its hotly anticipated Far Out event recently, where it unveiled the latest versions of the iPhone, AirPods, and Apple Watch, much to the delight of its loyal customer base. Moreover, despite the headwinds, its steady revenue expansion and EBITDA growth over the past year make it a solid bet over the long term. Hence, we are bullish on AAPL stock.Similar to previous versions of the iPhone, the newest iteration was able to capture the imaginations of its customer base yet again. Moreover, the biggest surprise was no hike in the price of the iPhone 14 in the U.S. The ability to retain its pricing suggests it’s struck an incredible balance between growth and profitability. The strategy is likely to boost sales immensely once it hits the markets.Furthermore, keeping its prices in check is doubly important now, considering the drop in discretionary spending. High prices will likely make customers fret over spending over $1,000 on an iPhone, but keeping its prices steady is an incredible achievement.Apple’s latest products will likely be a major catalyst for its business. Layer that up with its sticky Apple services, and you have a juggernaut that should steamroll its competition. Most analysts believe these new products will likely elevate its stock price soon. With the current pull-back in prices, it’s probably the right move to invest in AAPL stock.AAPL Stock Could Move Higher in the Near-TermDespite the economic challenges, AAPL stock was able to kick start a few short-lived rallies. Before the Far Out event, Apple stock was deep in the red, but the event’s success kickstarted a rally. Also, the upcoming quarter will be an important litmus test for the business, which could also boost AAPL stock to new heights.With rising inflation across the globe, most tech companies reported low sales numbers, and their stock prices took a massive beating. However, Apple’s third-quarter results were much better than expected, considering the circumstances. With the company’s amazing track record, it’s tough to count out its growth trajectory.Apple Had a Remarkable Third Quarter ShowingApple’s revenues came in at $83 billion for Q3, almost a 2% improvement from the prior-year period. Despite the economic downturn, Apple reported its net profit of $19.4 billion and earnings per share of $1.20, which came in $0.04 higher than analyst estimates. Moreover, it generated record sales in its Services segment. The resilient results during the quarter demonstrate the impact of Apple on its massive customer base.Moreover, the company could generate close to $40.7 billion while dealing with the threat of recession. It seems Apple has done well to manage the impact of inflation and grow its results at a steady pace. It has set itself up for bumper quarters ahead with the release of new products.Apple Expands Production Outside of ChinaApple has announced that it will expand its production outside China to diversify its supply chain and reduce its reliance on a single country. Consequently, Apple invested $1 billion in India, along with expanding into existing facilities in Vietnam and Brazil. The company is also working on setting up a new production line in the U.S.This represents a major shift for Apple, which has so far relied on China for most of its manufacturing. With the reduction in production-related bottlenecks, Apple can effectively manage its operational costs and boost its bottom-line results in the years to come. With the global supply chain challenges, its imperative for companies to have a diversified production base.Is Apple Stock a Buy or a Sell?Turning to Wall Street, AAPL stock maintains a Strong Buy consensus rating. Out of 28 total analyst ratings, 23 Buys, four Holds, and one Sell were assigned over the past three months. The average AAPL price target is $183.56, implying a 20.5% upside potential. Analyst price targets range from a low of $136 per share to a high of $220 per share.Takeaway: AAPL Stock is the Leader of Big TechApple is the crème de la crème as far as tech companies are concerned. It has a history of producing premium products, which continue to capture the imaginations of its customer base. The iPhone Series has been a cash cow for the company and is unlikely to change anytime soon. It has generated billions of dollars for the company, and every new version of the iPhone proves its naysayers wrong.Moreover, the company’s penchant for innovation and diversification remains its strong suit and is arguably the growth catalyst it needs to be successful in the long haul. Additionally, the company remains consistent in rewarding its shareholders.Considering its strong customer base, high demand, high returns, and massive free cash flow, it would not be surprising if AAPL stock performs exceedingly well over the long term. It has, time and again, proven its critics wrong by posting incredible results across all its core and non-core segments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937935219,"gmtCreate":1663338982331,"gmtModify":1676537255485,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I","listText":"I","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937935219","repostId":"1153896735","repostType":4,"repost":{"id":"1153896735","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":1663337307,"share":"https://www.laohu8.com/m/news/1153896735?lang=&edition=full","pubTime":"2022-09-16 22:08","market":"us","language":"en","title":"Hot Chinese ADRs Slipped in Morning Trading with Pinduoduo Sliding Over 5%\t","url":"https://stock-news.laohu8.com/highlight/detail?id=1153896735","media":"Tiger Newspress","summary":"Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.","content":"<html><head></head><body><p>Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.<img src=\"https://static.tigerbbs.com/4d62c1b0f96f499826c918a61b0e5054\" tg-width=\"435\" tg-height=\"604\" width=\"100%\" height=\"auto\"/></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>Hot Chinese ADRs Slipped in Morning Trading with Pinduoduo Sliding Over 5%\t</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\">\nHot Chinese ADRs Slipped in Morning Trading with Pinduoduo Sliding Over 5%\t\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\">2022-09-16 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.<img src=\"https://static.tigerbbs.com/4d62c1b0f96f499826c918a61b0e5054\" tg-width=\"435\" tg-height=\"604\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","BABA":"阿里巴巴","JD":"京东"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153896735","content_text":"Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934674958,"gmtCreate":1663249803774,"gmtModify":1676537236371,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"U","listText":"U","text":"U","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9934674958","repostId":"2267526431","repostType":4,"repost":{"id":"2267526431","pubTimestamp":1663255388,"share":"https://www.laohu8.com/m/news/2267526431?lang=&edition=full","pubTime":"2022-09-15 23:23","market":"us","language":"en","title":"Warren Buffett Has Bought 8 New Stocks in 2022: Here's the Best of the Bunch","url":"https://stock-news.laohu8.com/highlight/detail?id=2267526431","media":"Motley Fool","summary":"Berkshire Hathaway has added eight new stock positions to its portfolio this year, but the most promising could be one of the smaller positions.","content":"<html><head></head><body><p><b>Berkshire Hathaway</b> has added eight new stocks to its portfolio in 2022, according to the company&#39;s SEC filings. Some are rather large positions that have received quite a bit of coverage, such as the massive stake in <b>Occidental Petroleum</b> (NYSE: OXY) that CEO Warren Buffett and his team have accumulated in just a few months. Berkshire&#39;s investments in <b>HP </b>(NYSE: HPQ) and <b>Citigroup</b> (NYSE: C) have also been discussed extensively in the investing community.</p><p>While these have been the headline investments Berkshire Hathaway has made during this year&#39;s market downturn, of the new stocks added to Berkshire&#39;s closely watched stock portfolio in 2022, my top pick is one that has largely flown under the radar.</p><h2>Here&#39;s my favorite out of Berkshire&#39;s newest stock positions</h2><p>In the first quarter of 2022, Berkshire Hathaway added just over 420,000 shares of specialty insurance company <b>Markel</b> to its portfolio. In the second quarter, Berkshire&#39;s stake was increased to 467,611 shares worth $605 million – roughly 3.5% of the company&#39;s outstanding shares.</p><p>To be sure, we don&#39;t know if Buffett himself was behind this move, or if one of his investment managers, Todd Combs or Ted Weschler, initiated the position in Markel. After all, when it comes to investments in the tens of billions of dollars, we can be quite sure Buffett had personal involvement, but for Berkshire&#39;s standards, a $600 million investment is small and could have come from one of the others.</p><p>Having said that, Markel is a perfect fit for Buffett&#39;s investment style. For one thing, Buffett <i>loves</i> insurance. Berkshire Hathaway itself is an insurance company at heart, with Buffett having built Berkshire into its current state by using the float from GEICO and Berkshire&#39;s other insurance operations to acquire businesses and common stocks.</p><p>Buffett also loves companies that operate in profitable niches, and Markel certainly qualifies. Markel primarily operates in the specialty insurance business (known as excess and surplus in insurance terms), and has an excellent track record of underwriting profitability.</p><h2>A mini-Berkshire with a key advantage</h2><p>Perhaps most significantly, Markel is one of the few insurance companies in the world that uses Buffett&#39;s approach to its investment strategy.</p><p>If you&#39;re not familiar, insurance companies make their money in two main ways – underwriting and investing. On the underwriting side, Markel&#39;s combined ratio, which is its operating expenses plus claims paid as a percentage of premiums collected, has averaged 95.5% over the past 10 years. This means that Markel&#39; underwriting profit margin has been 4.5%.</p><p>This may sound low, but underwriting is typically a secondary source of profits for insurers. The bulk of most insurance companies&#39; profits comes from investing the float, or the premiums collected but not yet paid out for claims.</p><p>In most cases, insurers invest their float into safe income-generating instruments, such as Treasury securities and corporate bonds. But Markel and Berkshire both take a different approach by investing in businesses and stocks.</p><p>Markel invests in businesses through its Markel Ventures division and owns a portfolio of stocks worth about $7 billion. And in the ultimate sign of mutual respect, Markel&#39;s largest stock position is none other than Berkshire Hathaway. Other top positions include <b>Brookfield Asset Management</b> (NYSE: BAM), <b>Alphabet </b>(NASDAQ: GOOG)(NASDAQ: GOOGL), and <b>Home Depot</b> (NYSE: HD), just to name a few.</p><p>Markel actually has one big advantage over Berkshire Hathaway when it comes to its investing strategy – its size. This is especially true on the Markel Ventures side of the business, which invests primarily in early stage businesses that are too small to move the needle for Berkshire.</p><h2>A near-perfect fit for Berkshire&#39;s portfolio</h2><p>In a nutshell, Markel uses a very similar business model to Berkshire Hathaway, but is in a significantly earlier stage of building out its non-insurance investment portfolio. If management can continue to execute on its investment strategy, this is a high-potential business that could generate market-beating returns for decades to come.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett Has Bought 8 New Stocks in 2022: Here's the Best of the Bunch</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\">\nWarren Buffett Has Bought 8 New Stocks in 2022: Here's the Best of the Bunch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-15 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/14/warren-buffett-has-bought-8-new-stocks-in-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway has added eight new stocks to its portfolio in 2022, according to the company's SEC filings. Some are rather large positions that have received quite a bit of coverage, such as the ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/14/warren-buffett-has-bought-8-new-stocks-in-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAM":"布鲁克菲尔德资产管理","HPQ":"惠普","GOOG":"谷歌","GOOGL":"谷歌A","OXY":"西方石油","MKL":"Markel Corp","C":"花旗","HD":"家得宝"},"source_url":"https://www.fool.com/investing/2022/09/14/warren-buffett-has-bought-8-new-stocks-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267526431","content_text":"Berkshire Hathaway has added eight new stocks to its portfolio in 2022, according to the company's SEC filings. Some are rather large positions that have received quite a bit of coverage, such as the massive stake in Occidental Petroleum (NYSE: OXY) that CEO Warren Buffett and his team have accumulated in just a few months. Berkshire's investments in HP (NYSE: HPQ) and Citigroup (NYSE: C) have also been discussed extensively in the investing community.While these have been the headline investments Berkshire Hathaway has made during this year's market downturn, of the new stocks added to Berkshire's closely watched stock portfolio in 2022, my top pick is one that has largely flown under the radar.Here's my favorite out of Berkshire's newest stock positionsIn the first quarter of 2022, Berkshire Hathaway added just over 420,000 shares of specialty insurance company Markel to its portfolio. In the second quarter, Berkshire's stake was increased to 467,611 shares worth $605 million – roughly 3.5% of the company's outstanding shares.To be sure, we don't know if Buffett himself was behind this move, or if one of his investment managers, Todd Combs or Ted Weschler, initiated the position in Markel. After all, when it comes to investments in the tens of billions of dollars, we can be quite sure Buffett had personal involvement, but for Berkshire's standards, a $600 million investment is small and could have come from one of the others.Having said that, Markel is a perfect fit for Buffett's investment style. For one thing, Buffett loves insurance. Berkshire Hathaway itself is an insurance company at heart, with Buffett having built Berkshire into its current state by using the float from GEICO and Berkshire's other insurance operations to acquire businesses and common stocks.Buffett also loves companies that operate in profitable niches, and Markel certainly qualifies. Markel primarily operates in the specialty insurance business (known as excess and surplus in insurance terms), and has an excellent track record of underwriting profitability.A mini-Berkshire with a key advantagePerhaps most significantly, Markel is one of the few insurance companies in the world that uses Buffett's approach to its investment strategy.If you're not familiar, insurance companies make their money in two main ways – underwriting and investing. On the underwriting side, Markel's combined ratio, which is its operating expenses plus claims paid as a percentage of premiums collected, has averaged 95.5% over the past 10 years. This means that Markel' underwriting profit margin has been 4.5%.This may sound low, but underwriting is typically a secondary source of profits for insurers. The bulk of most insurance companies' profits comes from investing the float, or the premiums collected but not yet paid out for claims.In most cases, insurers invest their float into safe income-generating instruments, such as Treasury securities and corporate bonds. But Markel and Berkshire both take a different approach by investing in businesses and stocks.Markel invests in businesses through its Markel Ventures division and owns a portfolio of stocks worth about $7 billion. And in the ultimate sign of mutual respect, Markel's largest stock position is none other than Berkshire Hathaway. Other top positions include Brookfield Asset Management (NYSE: BAM), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Home Depot (NYSE: HD), just to name a few.Markel actually has one big advantage over Berkshire Hathaway when it comes to its investing strategy – its size. This is especially true on the Markel Ventures side of the business, which invests primarily in early stage businesses that are too small to move the needle for Berkshire.A near-perfect fit for Berkshire's portfolioIn a nutshell, Markel uses a very similar business model to Berkshire Hathaway, but is in a significantly earlier stage of building out its non-insurance investment portfolio. If management can continue to execute on its investment strategy, this is a high-potential business that could generate market-beating returns for decades to come.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934063276,"gmtCreate":1663162322796,"gmtModify":1676537217034,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9934063276","repostId":"1180337717","repostType":4,"repost":{"id":"1180337717","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1663157608,"share":"https://www.laohu8.com/m/news/1180337717?lang=&edition=full","pubTime":"2022-09-14 20:13","market":"us","language":"en","title":"Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes","url":"https://stock-news.laohu8.com/highlight/detail?id=1180337717","media":"Benzinga","summary":"Barclays raised the price target on Starbucks Corporation from $96 to $100. Barclays analyst Jeffrey","content":"<html><head></head><body><p>Barclays raised the price target on <b>Starbucks Corporation</b> from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.</p><p>Cowen &amp; Co. cut <b>Avantor, Inc.</b> price target from $39 to $28. Cowen &amp; Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.</p><p>B of A Securities raised <b>SoFi Technologies, Inc.</b> price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.</p><p>Goldman Sachs boosted <b>Constellation Energy Corporation</b> price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.</p><p>RBC Capital cut <b>TaskUs, Inc.</b> price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.</p><p>Credit Suisse lowered <b>TD SYNNEX Corporation</b> price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.</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>Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes</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\">\nStarbucks Raised to $100; SoFi Raised to $9｜Price Target Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-09-14 20:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Barclays raised the price target on <b>Starbucks Corporation</b> from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.</p><p>Cowen &amp; Co. cut <b>Avantor, Inc.</b> price target from $39 to $28. Cowen &amp; Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.</p><p>B of A Securities raised <b>SoFi Technologies, Inc.</b> price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.</p><p>Goldman Sachs boosted <b>Constellation Energy Corporation</b> price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.</p><p>RBC Capital cut <b>TaskUs, Inc.</b> price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.</p><p>Credit Suisse lowered <b>TD SYNNEX Corporation</b> price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克","AVTR":"Avantor, Inc.","TASK":"TaskUs Inc.","SNX":"新聚思","SOFI":"SoFi Technologies Inc.","CEG":"Constellation Energy Corp"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180337717","content_text":"Barclays raised the price target on Starbucks Corporation from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.Cowen & Co. cut Avantor, Inc. price target from $39 to $28. Cowen & Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.B of A Securities raised SoFi Technologies, Inc. price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.Goldman Sachs boosted Constellation Energy Corporation price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.RBC Capital cut TaskUs, Inc. price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.Credit Suisse lowered TD SYNNEX Corporation price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935629207,"gmtCreate":1663083296509,"gmtModify":1676537199676,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9935629207","repostId":"1189570916","repostType":4,"repost":{"id":"1189570916","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":1663080528,"share":"https://www.laohu8.com/m/news/1189570916?lang=&edition=full","pubTime":"2022-09-13 22:48","market":"us","language":"en","title":"Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1189570916","media":"Tiger Newspress","summary":"Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industri","content":"<html><head></head><body><p>Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.</p><p>The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.</p><p>The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.</p><p>“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</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>Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report</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\">\nStock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report\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\">2022-09-13 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.</p><p>The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.</p><p>The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.</p><p>“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189570916","content_text":"Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932451143,"gmtCreate":1662982759982,"gmtModify":1676537175647,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9932451143","repostId":"2266734519","repostType":4,"repost":{"id":"2266734519","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1662974873,"share":"https://www.laohu8.com/m/news/2266734519?lang=&edition=full","pubTime":"2022-09-12 17:27","market":"us","language":"en","title":"Oracle, Occidental, JPMorgan And More: U.S. Stocks To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2266734519","media":"Benzinga","summary":"With US stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:\n","content":"<html><head></head><body><p>With US stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Warren Buffett’s Berkshire Hathaway bought more stock in <b>Occidental Petroleum</b> (NYSE:OXY) to increase its holdings to 26.8% of outstanding shares, a regulatory filing shows.</li></ul><ul><li>Wall Street expects <b>Oracle Corporation</b> (NYSE:ORCL) to report quarterly earnings at $1.07 per share on revenue of $11.46 billion. Oracle will report its first quarter fiscal year 2023 results after market closes on Monday.</li><li><b>JPMorgan Chase &amp; Co.</b> (NYSE:JPM) agreed to acquire California-based Renovite Technologies to solidify its presence in the payment processing arena.</li><li>Analysts expect <b> <a href=\"https://laohu8.com/S/MTRX\">Matrix Service Company</a> </b> (NASDAQ:MTRX) to post a quarterly loss $0.30 per share on revenue of $181.84 million for the latest quarter. The company will release earnings after the markets close. Matrix Service shares fell 0.4% to $5.72 in after-hours trading.</li></ul><ul><li><b><a href=\"https://laohu8.com/S/IDYA\">IDEAYA Biosciences</a>, Inc. </b> (NASDAQ:IDYA) disclosed interim Phase 2 clinical results for darovasertib and crizotinib synthetic lethal combination in metastatic uveal melanoma. IDEAYA Biosciences shares fell 1% to close at $9.25 on Friday.</li><li>Analysts expect <b> <a href=\"https://laohu8.com/S/RENT\">Rent the Runway, Inc.</a></b> (NASDAQ:RENT) to post a quarterly loss at $0.65 per share on revenue of $73.26 million after the closing bell. Rent the Runway shares fell 2% to $4.39 in the after-hours trading session.</li></ul></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>Oracle, Occidental, JPMorgan And More: U.S. Stocks To Watch</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\">\nOracle, Occidental, JPMorgan And More: U.S. Stocks To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-09-12 17:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>With US stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Warren Buffett’s Berkshire Hathaway bought more stock in <b>Occidental Petroleum</b> (NYSE:OXY) to increase its holdings to 26.8% of outstanding shares, a regulatory filing shows.</li></ul><ul><li>Wall Street expects <b>Oracle Corporation</b> (NYSE:ORCL) to report quarterly earnings at $1.07 per share on revenue of $11.46 billion. Oracle will report its first quarter fiscal year 2023 results after market closes on Monday.</li><li><b>JPMorgan Chase &amp; Co.</b> (NYSE:JPM) agreed to acquire California-based Renovite Technologies to solidify its presence in the payment processing arena.</li><li>Analysts expect <b> <a href=\"https://laohu8.com/S/MTRX\">Matrix Service Company</a> </b> (NASDAQ:MTRX) to post a quarterly loss $0.30 per share on revenue of $181.84 million for the latest quarter. The company will release earnings after the markets close. Matrix Service shares fell 0.4% to $5.72 in after-hours trading.</li></ul><ul><li><b><a href=\"https://laohu8.com/S/IDYA\">IDEAYA Biosciences</a>, Inc. </b> (NASDAQ:IDYA) disclosed interim Phase 2 clinical results for darovasertib and crizotinib synthetic lethal combination in metastatic uveal melanoma. IDEAYA Biosciences shares fell 1% to close at $9.25 on Friday.</li><li>Analysts expect <b> <a href=\"https://laohu8.com/S/RENT\">Rent the Runway, Inc.</a></b> (NASDAQ:RENT) to post a quarterly loss at $0.65 per share on revenue of $73.26 million after the closing bell. Rent the Runway shares fell 2% to $4.39 in the after-hours trading session.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","BK4528":"SaaS概念","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","OXY":"西方石油","RENT":"Rent the Runway, Inc.","BK4581":"高盛持仓","BK4516":"特朗普概念","BK4566":"资本集团","BK4504":"桥水持仓","MTRX":"Matrix Service Company","BK4207":"综合性银行","IDYA":"IDEAYA Biosciences","BK4534":"瑞士信贷持仓","BK4097":"系统软件","BK4538":"云计算"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2266734519","content_text":"With US stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:Warren Buffett’s Berkshire Hathaway bought more stock in Occidental Petroleum (NYSE:OXY) to increase its holdings to 26.8% of outstanding shares, a regulatory filing shows.Wall Street expects Oracle Corporation (NYSE:ORCL) to report quarterly earnings at $1.07 per share on revenue of $11.46 billion. Oracle will report its first quarter fiscal year 2023 results after market closes on Monday.JPMorgan Chase & Co. (NYSE:JPM) agreed to acquire California-based Renovite Technologies to solidify its presence in the payment processing arena.Analysts expect  Matrix Service Company  (NASDAQ:MTRX) to post a quarterly loss $0.30 per share on revenue of $181.84 million for the latest quarter. The company will release earnings after the markets close. Matrix Service shares fell 0.4% to $5.72 in after-hours trading.IDEAYA Biosciences, Inc.  (NASDAQ:IDYA) disclosed interim Phase 2 clinical results for darovasertib and crizotinib synthetic lethal combination in metastatic uveal melanoma. IDEAYA Biosciences shares fell 1% to close at $9.25 on Friday.Analysts expect  Rent the Runway, Inc. (NASDAQ:RENT) to post a quarterly loss at $0.65 per share on revenue of $73.26 million after the closing bell. Rent the Runway shares fell 2% to $4.39 in the after-hours trading session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932168604,"gmtCreate":1662898708009,"gmtModify":1676537159719,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9932168604","repostId":"2266965998","repostType":4,"repost":{"id":"2266965998","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1662858023,"share":"https://www.laohu8.com/m/news/2266965998?lang=&edition=full","pubTime":"2022-09-11 09:00","market":"us","language":"en","title":"Is the iPhone 14 Worth It? Apple CEO Tim Cook Made One \"Brilliant Move,\" but Our Verdict Might Surprise You","url":"https://stock-news.laohu8.com/highlight/detail?id=2266965998","media":"Dow Jones","summary":"The basic iPhone starts at $799, the Plus starts at $899, the Pro starts at $999 and the Pro Max sta","content":"<html><head></head><body><p>The basic iPhone starts at $799, the Plus starts at $899, the Pro starts at $999 and the Pro Max starts at $1,099</p><p><img src=\"https://static.tigerbbs.com/1fa99f8e8694582bade246d4fa136eb3\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/></p><h2>The face-off</h2><p>Apple&#39;s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> latest iPhone is out. The iPhone 14 comes in four models: the basic iPhone 14, a &#34;supersized&#34; (Apple&#39;s word) version called the iPhone 14 Plus, and the iPhone 14 Pro and the iPhone 14 Pro Max. The basic starts at $799, the Plus starts at $899, the Pro starts at $999 and the Pro Max starts at $1,099.</p><p>All four models boast more advanced front and back cameras and safety features that can detect whether you&#39;ve been in a car crash and help you call 911, even if you&#39;re in an isolated area with limited cell service. The 6.7-inch iPhone 14 Plus has &#34;the best battery life ever in an iPhone,&#34; the company said.</p><p>All told, the iPhone 14 models &#34;have incredible new features that will help our users in meaningful ways,&#34; Apple chief executive Tim Cook said at Wednesday&#39;s unveiling.</p><p>How meaningful those upgrades really are remains to be seen. But there&#39;s no denying that the birth of the iPhone 15 years ago marked the beginning of a new, more intimate relationship between humans and their phones. Some might say that connection has morphed into codependency; people can&#39;t seem to function without their smartphones.</p><p>Is now the time to take that relationship to the next level and get a new iPhone?</p><h2>Why it matters</h2><p>&#34;I think keeping the price at $799 was a brilliant move on Apple&#39;s part,&#34; said Charles Lindsey, associate professor of Marketing, University at Buffalo School of Management a professor at the University at Buffalo. &#34;By not raising the price, they will not only capture early sales from the Apple innovators/early adopters (who typically buy new versions as soon as possible) but they will also pull in/convert your more mainstream users (who are typically slower to upgrade).&#34;</p><p>The iPhone 14 comes in &#34;stunning&#34; colors including deep purple and starlight. Those pretty hues contrast with some gloomy economic data in the U.S: Record-high inflation has pushed Americans&#39; cost of living way up, home prices and rents have soared, and credit card debt has piled up as pandemic-related government relief has receded. The labor market remains extremely tight, but some companies have been laying off employees or freezing hiring.</p><p>All of that may make consumers skittish about shelling out close to $1,000 on a phone. Which may explain Apple&#39;s decision to keep the base price of the iPhone 14 exactly the same as the starting price for the iPhone 13, unveiled in 2021.</p><p>The price isn&#39;t the only thing that didn&#39;t budge.</p><p>&#34;The base iPhone 14 model is actually almost identical to the 13,&#34; said Melanie Pinola, a senior writer and editor on the smartphone beat at Consumer Reports.</p><p>Based on what Pinola saw at Wednesday&#39;s unveiling, it appears that the iPhone 14 has the same display, processor, overall design and the same battery as the 13. &#34;If you have a 13, I don&#39;t know if I would switch to a 14 this year,&#34; Pinola said. &#34;There are small improvements with the 14, but I wouldn&#39;t say I would rush out right now.&#34;</p><p>The most notable change among the iPhone 14 models is the new larger version, the iPhone 14 Plus, with a 6.7-inch display, which is similar in size to the Samsung  Galaxy S22, Pinola said. &#34;This is the first time that Apple has ever made a large screen phone under $1,000, so it&#39;s more accessible for people who want a larger phone,&#34; Pinola told MarketWatch.</p><h2>The verdict</h2><p>Skip the iPhone 14, unless your existing phone is on life support. &#34;If you&#39;re not able to get security or software updates, it&#39;s definitely time to get a new phone,&#34; Pinola said.</p><h2>My reasons</h2><p>Tech companies have trained us to line up for new products on their schedule. But should Apple dictate when you spend money? Maybe that&#39;s how it became one of the world&#39;s most profitable companies. But blindly following Apple&#39;s marching orders is not how you will become the most profitable version of yourself.</p><h2>Is my verdict best for you?</h2><p>On the other hand, the fact that Apple kept the starting price the same on the iPhone 14 could make an upgrade easier to swallow, said Philip Michaels, U.S. managing editor at the product review site Tom&#39;s Guide.</p><p>&#34;People who bought the iPhone 13 last year are probably still very happy with their phones and will have little reason to upgrade,&#34; Michaels told MarketWatch. &#34;And given Apple&#39;s track record of lengthy software support -- iOS 16 works fine on phones released five years ago -- it&#39;s easy to hold onto your current iPhone for a long time.&#34;</p><p>&#34;That said, if you&#39;ve got an iPhone 11 or earlier, you will definitely notice an improvement in performance, even with the A15 Bionic chip on the iPhone 14 as opposed to the more advanced A16 Bionic powering the Pro models. Cameras figure to produce better results, too, though testing Apple&#39;s new phones will confirm that. Because Apple held the pricing at iPhone 13 levels despite the rumors of price hikes, an upgrade is even easier to justify,&#34; Michaels said.</p><p>Another possible incentive to upgrade: deals available through Apple can cut up to $800 off the price tag of the iPhone 14, and major mobile phone carriers including AT&amp;T <a href=\"https://laohu8.com/S/T\">$(T)$</a>, T-Mobile <a href=\"https://laohu8.com/S/TMUS\">$(TMUS)$</a> and Verizon <a href=\"https://laohu8.com/S/VZ\">$(VZ)$</a>, are offering discounts as well.</p><p>If you&#39;re trying to decide whether to upgrade, don&#39;t forget about the value of your existing phone, said Josh Lowitz co-founder of Consumer Intelligence Research Partners, publisher of the upcoming CIRP-Apple report on Substack.</p><p>&#34;Used iPhones have real value, as trade-ins or hand-me-downs to family or friends,&#34; Lowitz said. &#34;Our data shows that about half of new iPhone buyers trade-in or sell their old phone, and more than a third of those who monetize their old phone, report that it was worth more than $300.&#34;</p><p>Retail promotions, including enhanced trade-in offers, can reduce the cost of ownership further, he noted.</p><p>Another key point: mobile carriers are offering longer payment plans. In the past, phone purchases were generally broken up into 24 or even 18 or 20 payments. Now, 30 and 36 monthly payment plans are common, Lowitz said.</p><p>&#34;That reduces the monthly outlay, though it postpones the relief of making that final payment, and the new phone buyer needs to be confident that their phone will serve them that long. Even with the strong residual value of an iPhone, a buyer with 36 payments may have negative equity in their phone into their third year of ownership,&#34; Lowitz said.</p><p>Apple shares closed almost 1% up Wednesday after the iPhone 14 event, but they are down 12% year to date. The Dow Jones Industrial Average and the S&amp;P 500 are down 13.5% and more than 16%, respectively, this year.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the iPhone 14 Worth It? Apple CEO Tim Cook Made One \"Brilliant Move,\" but Our Verdict Might Surprise You</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the iPhone 14 Worth It? Apple CEO Tim Cook Made One \"Brilliant Move,\" but Our Verdict Might Surprise You\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-11 09:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The basic iPhone starts at $799, the Plus starts at $899, the Pro starts at $999 and the Pro Max starts at $1,099</p><p><img src=\"https://static.tigerbbs.com/1fa99f8e8694582bade246d4fa136eb3\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/></p><h2>The face-off</h2><p>Apple&#39;s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> latest iPhone is out. The iPhone 14 comes in four models: the basic iPhone 14, a &#34;supersized&#34; (Apple&#39;s word) version called the iPhone 14 Plus, and the iPhone 14 Pro and the iPhone 14 Pro Max. The basic starts at $799, the Plus starts at $899, the Pro starts at $999 and the Pro Max starts at $1,099.</p><p>All four models boast more advanced front and back cameras and safety features that can detect whether you&#39;ve been in a car crash and help you call 911, even if you&#39;re in an isolated area with limited cell service. The 6.7-inch iPhone 14 Plus has &#34;the best battery life ever in an iPhone,&#34; the company said.</p><p>All told, the iPhone 14 models &#34;have incredible new features that will help our users in meaningful ways,&#34; Apple chief executive Tim Cook said at Wednesday&#39;s unveiling.</p><p>How meaningful those upgrades really are remains to be seen. But there&#39;s no denying that the birth of the iPhone 15 years ago marked the beginning of a new, more intimate relationship between humans and their phones. Some might say that connection has morphed into codependency; people can&#39;t seem to function without their smartphones.</p><p>Is now the time to take that relationship to the next level and get a new iPhone?</p><h2>Why it matters</h2><p>&#34;I think keeping the price at $799 was a brilliant move on Apple&#39;s part,&#34; said Charles Lindsey, associate professor of Marketing, University at Buffalo School of Management a professor at the University at Buffalo. &#34;By not raising the price, they will not only capture early sales from the Apple innovators/early adopters (who typically buy new versions as soon as possible) but they will also pull in/convert your more mainstream users (who are typically slower to upgrade).&#34;</p><p>The iPhone 14 comes in &#34;stunning&#34; colors including deep purple and starlight. Those pretty hues contrast with some gloomy economic data in the U.S: Record-high inflation has pushed Americans&#39; cost of living way up, home prices and rents have soared, and credit card debt has piled up as pandemic-related government relief has receded. The labor market remains extremely tight, but some companies have been laying off employees or freezing hiring.</p><p>All of that may make consumers skittish about shelling out close to $1,000 on a phone. Which may explain Apple&#39;s decision to keep the base price of the iPhone 14 exactly the same as the starting price for the iPhone 13, unveiled in 2021.</p><p>The price isn&#39;t the only thing that didn&#39;t budge.</p><p>&#34;The base iPhone 14 model is actually almost identical to the 13,&#34; said Melanie Pinola, a senior writer and editor on the smartphone beat at Consumer Reports.</p><p>Based on what Pinola saw at Wednesday&#39;s unveiling, it appears that the iPhone 14 has the same display, processor, overall design and the same battery as the 13. &#34;If you have a 13, I don&#39;t know if I would switch to a 14 this year,&#34; Pinola said. &#34;There are small improvements with the 14, but I wouldn&#39;t say I would rush out right now.&#34;</p><p>The most notable change among the iPhone 14 models is the new larger version, the iPhone 14 Plus, with a 6.7-inch display, which is similar in size to the Samsung  Galaxy S22, Pinola said. &#34;This is the first time that Apple has ever made a large screen phone under $1,000, so it&#39;s more accessible for people who want a larger phone,&#34; Pinola told MarketWatch.</p><h2>The verdict</h2><p>Skip the iPhone 14, unless your existing phone is on life support. &#34;If you&#39;re not able to get security or software updates, it&#39;s definitely time to get a new phone,&#34; Pinola said.</p><h2>My reasons</h2><p>Tech companies have trained us to line up for new products on their schedule. But should Apple dictate when you spend money? Maybe that&#39;s how it became one of the world&#39;s most profitable companies. But blindly following Apple&#39;s marching orders is not how you will become the most profitable version of yourself.</p><h2>Is my verdict best for you?</h2><p>On the other hand, the fact that Apple kept the starting price the same on the iPhone 14 could make an upgrade easier to swallow, said Philip Michaels, U.S. managing editor at the product review site Tom&#39;s Guide.</p><p>&#34;People who bought the iPhone 13 last year are probably still very happy with their phones and will have little reason to upgrade,&#34; Michaels told MarketWatch. &#34;And given Apple&#39;s track record of lengthy software support -- iOS 16 works fine on phones released five years ago -- it&#39;s easy to hold onto your current iPhone for a long time.&#34;</p><p>&#34;That said, if you&#39;ve got an iPhone 11 or earlier, you will definitely notice an improvement in performance, even with the A15 Bionic chip on the iPhone 14 as opposed to the more advanced A16 Bionic powering the Pro models. Cameras figure to produce better results, too, though testing Apple&#39;s new phones will confirm that. Because Apple held the pricing at iPhone 13 levels despite the rumors of price hikes, an upgrade is even easier to justify,&#34; Michaels said.</p><p>Another possible incentive to upgrade: deals available through Apple can cut up to $800 off the price tag of the iPhone 14, and major mobile phone carriers including AT&amp;T <a href=\"https://laohu8.com/S/T\">$(T)$</a>, T-Mobile <a href=\"https://laohu8.com/S/TMUS\">$(TMUS)$</a> and Verizon <a href=\"https://laohu8.com/S/VZ\">$(VZ)$</a>, are offering discounts as well.</p><p>If you&#39;re trying to decide whether to upgrade, don&#39;t forget about the value of your existing phone, said Josh Lowitz co-founder of Consumer Intelligence Research Partners, publisher of the upcoming CIRP-Apple report on Substack.</p><p>&#34;Used iPhones have real value, as trade-ins or hand-me-downs to family or friends,&#34; Lowitz said. &#34;Our data shows that about half of new iPhone buyers trade-in or sell their old phone, and more than a third of those who monetize their old phone, report that it was worth more than $300.&#34;</p><p>Retail promotions, including enhanced trade-in offers, can reduce the cost of ownership further, he noted.</p><p>Another key point: mobile carriers are offering longer payment plans. In the past, phone purchases were generally broken up into 24 or even 18 or 20 payments. Now, 30 and 36 monthly payment plans are common, Lowitz said.</p><p>&#34;That reduces the monthly outlay, though it postpones the relief of making that final payment, and the new phone buyer needs to be confident that their phone will serve them that long. Even with the strong residual value of an iPhone, a buyer with 36 payments may have negative equity in their phone into their third year of ownership,&#34; Lowitz said.</p><p>Apple shares closed almost 1% up Wednesday after the iPhone 14 event, but they are down 12% year to date. The Dow Jones Industrial Average and the S&amp;P 500 are down 13.5% and more than 16%, respectively, this year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4170":"电脑硬件、储存设备及电脑周边","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4574":"无人驾驶","AAPL":"苹果","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2266965998","content_text":"The basic iPhone starts at $799, the Plus starts at $899, the Pro starts at $999 and the Pro Max starts at $1,099The face-offApple's $(AAPL)$ latest iPhone is out. The iPhone 14 comes in four models: the basic iPhone 14, a \"supersized\" (Apple's word) version called the iPhone 14 Plus, and the iPhone 14 Pro and the iPhone 14 Pro Max. The basic starts at $799, the Plus starts at $899, the Pro starts at $999 and the Pro Max starts at $1,099.All four models boast more advanced front and back cameras and safety features that can detect whether you've been in a car crash and help you call 911, even if you're in an isolated area with limited cell service. The 6.7-inch iPhone 14 Plus has \"the best battery life ever in an iPhone,\" the company said.All told, the iPhone 14 models \"have incredible new features that will help our users in meaningful ways,\" Apple chief executive Tim Cook said at Wednesday's unveiling.How meaningful those upgrades really are remains to be seen. But there's no denying that the birth of the iPhone 15 years ago marked the beginning of a new, more intimate relationship between humans and their phones. Some might say that connection has morphed into codependency; people can't seem to function without their smartphones.Is now the time to take that relationship to the next level and get a new iPhone?Why it matters\"I think keeping the price at $799 was a brilliant move on Apple's part,\" said Charles Lindsey, associate professor of Marketing, University at Buffalo School of Management a professor at the University at Buffalo. \"By not raising the price, they will not only capture early sales from the Apple innovators/early adopters (who typically buy new versions as soon as possible) but they will also pull in/convert your more mainstream users (who are typically slower to upgrade).\"The iPhone 14 comes in \"stunning\" colors including deep purple and starlight. Those pretty hues contrast with some gloomy economic data in the U.S: Record-high inflation has pushed Americans' cost of living way up, home prices and rents have soared, and credit card debt has piled up as pandemic-related government relief has receded. The labor market remains extremely tight, but some companies have been laying off employees or freezing hiring.All of that may make consumers skittish about shelling out close to $1,000 on a phone. Which may explain Apple's decision to keep the base price of the iPhone 14 exactly the same as the starting price for the iPhone 13, unveiled in 2021.The price isn't the only thing that didn't budge.\"The base iPhone 14 model is actually almost identical to the 13,\" said Melanie Pinola, a senior writer and editor on the smartphone beat at Consumer Reports.Based on what Pinola saw at Wednesday's unveiling, it appears that the iPhone 14 has the same display, processor, overall design and the same battery as the 13. \"If you have a 13, I don't know if I would switch to a 14 this year,\" Pinola said. \"There are small improvements with the 14, but I wouldn't say I would rush out right now.\"The most notable change among the iPhone 14 models is the new larger version, the iPhone 14 Plus, with a 6.7-inch display, which is similar in size to the Samsung  Galaxy S22, Pinola said. \"This is the first time that Apple has ever made a large screen phone under $1,000, so it's more accessible for people who want a larger phone,\" Pinola told MarketWatch.The verdictSkip the iPhone 14, unless your existing phone is on life support. \"If you're not able to get security or software updates, it's definitely time to get a new phone,\" Pinola said.My reasonsTech companies have trained us to line up for new products on their schedule. But should Apple dictate when you spend money? Maybe that's how it became one of the world's most profitable companies. But blindly following Apple's marching orders is not how you will become the most profitable version of yourself.Is my verdict best for you?On the other hand, the fact that Apple kept the starting price the same on the iPhone 14 could make an upgrade easier to swallow, said Philip Michaels, U.S. managing editor at the product review site Tom's Guide.\"People who bought the iPhone 13 last year are probably still very happy with their phones and will have little reason to upgrade,\" Michaels told MarketWatch. \"And given Apple's track record of lengthy software support -- iOS 16 works fine on phones released five years ago -- it's easy to hold onto your current iPhone for a long time.\"\"That said, if you've got an iPhone 11 or earlier, you will definitely notice an improvement in performance, even with the A15 Bionic chip on the iPhone 14 as opposed to the more advanced A16 Bionic powering the Pro models. Cameras figure to produce better results, too, though testing Apple's new phones will confirm that. Because Apple held the pricing at iPhone 13 levels despite the rumors of price hikes, an upgrade is even easier to justify,\" Michaels said.Another possible incentive to upgrade: deals available through Apple can cut up to $800 off the price tag of the iPhone 14, and major mobile phone carriers including AT&T $(T)$, T-Mobile $(TMUS)$ and Verizon $(VZ)$, are offering discounts as well.If you're trying to decide whether to upgrade, don't forget about the value of your existing phone, said Josh Lowitz co-founder of Consumer Intelligence Research Partners, publisher of the upcoming CIRP-Apple report on Substack.\"Used iPhones have real value, as trade-ins or hand-me-downs to family or friends,\" Lowitz said. \"Our data shows that about half of new iPhone buyers trade-in or sell their old phone, and more than a third of those who monetize their old phone, report that it was worth more than $300.\"Retail promotions, including enhanced trade-in offers, can reduce the cost of ownership further, he noted.Another key point: mobile carriers are offering longer payment plans. In the past, phone purchases were generally broken up into 24 or even 18 or 20 payments. Now, 30 and 36 monthly payment plans are common, Lowitz said.\"That reduces the monthly outlay, though it postpones the relief of making that final payment, and the new phone buyer needs to be confident that their phone will serve them that long. Even with the strong residual value of an iPhone, a buyer with 36 payments may have negative equity in their phone into their third year of ownership,\" Lowitz said.Apple shares closed almost 1% up Wednesday after the iPhone 14 event, but they are down 12% year to date. The Dow Jones Industrial Average and the S&P 500 are down 13.5% and more than 16%, respectively, this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936700097,"gmtCreate":1662818869520,"gmtModify":1676537145807,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I","listText":"I","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9936700097","repostId":"2266871976","repostType":4,"repost":{"id":"2266871976","pubTimestamp":1662766186,"share":"https://www.laohu8.com/m/news/2266871976?lang=&edition=full","pubTime":"2022-09-10 07:29","language":"en","title":"ASX Weekly Review: Dovish Reserve Bank and Flying Miners Send Market Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2266871976","media":"Small Caps","summary":"A combination of stronger mining stocks and a more dovish Reserve Bank helped the Australian share market to a 1% rise for the week.Investors largely ignored the death of Queen Elizabeth II and pushed","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/499f75e09fdbb69cb2d4f28ff0f76881\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>A combination of stronger mining stocks and a more dovish Reserve Bank helped the Australian share market to a 1% rise for the week.</p><p>Investors largely ignored the death of Queen Elizabeth II and pushed up the ASX 200 by 0.7% on Friday or 45.5 points to help the market to a second consecutive gain and the highest close of the month at 6894.2 points.</p><p>Mining stocks did most of the heavy lifting with the materials sector lifting a hefty 3.3%, helped by heavyweights such as BHP (ASX: BHP), up 3.1% to $38, Rio Tinto (ASX: RIO), up 2.7% to $94.36, and Fortescue Metals (ASX: FMG), up 6.1% to $17.81.</p><h2>Much stronger prices for some miners</h2><p>Some of the more impressive rises among the miners included shares in <a href=\"https://laohu8.com/S/DEG.AU\">De Grey Mining</a> (ASX: DEG) which jumped 11.9% and Sandfire Resources (ASX: SFR) which rose 8%.</p><p>Also helping matters was a healthy 13.6% jump in Mineral Resources (ASX: MIN) to $71.51 after discussions around it spinning off its lithium business.</p><p>Shares in fellow lithium producer Pilbara Minerals (ASX: PLS) also added a hefty 5.9% as the battery material remained in vogue.</p><p>The energy sector was also stronger, up 1% with Whitehaven Coal (ASX: WHC) and Yancoal (ASX: YAL) adding 3.1% and 5.3% respectively.</p><h2>Interest rate rises could slow down</h2><p>The gains from miners added to the 1.8% gain on Thursday after the Reserve Bank governor, Dr Philip Lowe, dropped some broad hints that the bank might reduce the pace of interest rate rises.</p><p>While most sectors were higher, there were some laggards with consumer staples down 1.2%, due to share falls by both major supermarkets Coles (ASX: COL) and Woolworths (ASX: WOW).</p><p>Takeover target Ramsay Health Care (ASX: RHC) saw its shares fall by 1.3% to $70.15 after it announced the end of discussions with IHH Healthcare over the latter’s bid to buy all of Ramsay Sime Darby, a 50:50 joint venture in Asia.</p><p><a href=\"https://laohu8.com/S/TYR.AU\">Tyro Payments</a> (ASX: TYR) shares added another 9.5% on the back of a takeover bid that arrived on Thursday.</p><h2>Small cap stock action</h2><p>The Small Ords index rallied 2.57% for the week to close on 2936.3 points.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/865f8bb020a24a5b7451273fcb817106\" tg-width=\"640\" tg-height=\"215\" width=\"100%\" height=\"auto\"/><span>ASX 200 vs Small Ords</span></p><h2>Small cap companies making headlines this week were:</h2><h3>Investigator Resources (ASX: IVR)</h3><p>South Australian explorer Investigator Resources this week announced it had hit rare earths mineralisation at the Apollo prospect within its flagship Paris silver project.</p><p>Results showed that 80% of holes drilled hit a distinct clay horizon with intersections above the cut-off grade of 1,000 parts per million total rare earth oxides (TREO).</p><p>Reported MREO (high value magnet rare earth oxides) are believed to be associated with neodymium and praseodymium.</p><p>Investigator has long been aware of elevated concentrations of rare earths including cerium and lanthanum in the Paris region.</p><p>The company is in the process of analysing samples using the “lithium borate fusion” technique to define total REE content.</p><h3>Invion (ASX: IVX)</h3><p>Life sciences company Invion has announced positive screening results from <i>in vitro</i> studies of its Photosoft technology on the inhibition of the Zika virus.</p><p>The photodynamic therapy was found to be more than 99% effective against the virus and more efficacious than veterinary antibiotic Monensin, which is known to have activity against Zika in <i>in vitro</i> lab tests and was used as a control in Invion’s study.</p><p>Monensin’s <i>in vivo</i> toxicity means it cannot be used in humans.</p><p>Zika virus is primarily transmitted by the <i>Aedes Aegypti</i> mosquito, which also transmits yellow fever and dengue.</p><p>It has been linked to birth defects and other neurological complications.</p><p>Invion holds the exclusive rights to Photosoft in Asia Pacific for the treatment of infectious diseases and atherosclerosis, through an agreement signed last year with technology licensor RMW Cho Group.</p><h3>Gascoyne Resources (ASX: GCY)</h3><p>Gold miner and explorer Gascoyne Resources has had a busy week at the newly-discovered Never Never lode within its Dalgaranga project in Western Australia.</p><p>News of an expansion to the Never Never resource envelope confirmed the company could be dealing with a “potentially very large” gold system which persists at depth at roughly the same thicknesses and grades.</p><p>The expansion was followed by the release of the Gascoyne’s annual resource statement which sits at 36.74Mt grading 1.16g/t gold for 1.37Moz.</p><p>It includes an initial resource estimate for the Gilbey’s North deposit and Never Never lode of 1.43Mt at 2.32g/t gold for 107,200oz – comprising 0.78Mt at 1.10g/t for 27,600oz (Gilbey’s North) and 0.66Mt at 3.78g/t for 79,600oz (Never Never).</p><h3><a href=\"https://laohu8.com/S/WOA.AU\">Wide Open Agriculture</a> (ASX: WOA)</h3><p>The signing of two new agreements this week will cement Wide Open Agriculture’s presence in South East Asia and along Australia’s eastern seaboard.</p><p>The regenerative food producer has inked a non-exclusive deal with The GrowHub Innovations Company to distribute its Dirty Clean Food-branded oat milk across Indonesia and Malaysia.</p><p>Dirty Clean Food has also formalised a long-standing partnership with WA company My Foodie Box to distribute “ready to eat” products to the eastern states market.</p><p>The agreements have been considered a significant milestone for Wide Open Agriculture and for the Dirty Clean Food brand.</p><h3><a href=\"https://laohu8.com/S/ASN.AU\">Anson Resources</a> (ASX: ASN)</h3><p>Impressing investors this week was Anson Resources after it revealed “outstanding economics” in its definitive feasibility study for the phase one operational design of its Paradox lithium project in Utah.</p><p>The project is expected to cost US$495 million to develop and generate annual average EBITDA of US$153 million.</p><p>During phase one, revenues of US$5.08 billion are anticipated over its 23-year life.</p><p>Based on current spot lithium prices, the project has pre-tax net present value of almost US$5.15 billion.</p><p>Anson executive chairman Bruce Richardson said there remains “material upside” beyond the study revealed this week based on future mineral resource upgrades from recent drilling at other targets.</p><h3>Classic Minerals (ASX: CLZ)</h3><p>An agreement with Goldvalley Brown Stone will give Classic Minerals the $10 million it requires to bring its wholly-owned Kat Gap gold project into production.</p><p>Under the deal, Goldvalley will provide up to $10 million in non-recourse funding to Classic. In return, Goldvalley will receive 30% of the net profits from gold production.</p><p>Classic chairman John Lester said the deal provided the company with a low-capital way forward, while retaining a solid proportion of the expected profits from Kat Gap. He added it also avoided shareholder dilution.</p><p>Kat Gap hosts 93,000oz in inferred gold resources.</p><h2>The week ahead</h2><p>There are a few local economic releases to look out for this week with monthly jobs data and some different estimates of consumer and business sentiment some of the highlights.</p><p>The Labour Force figures on Thursday should give a fairly accurate picture of the state of the job market before interest rates started to rise given that employment is a bit of a lagging indicator.</p><p>The biggest market interest will probably be reserved for measures of economic activity in the US and China, with US inflation data also capable of moving markets.</p><p>US inflation has been moderating from very high levels so any further moderation due to falling petrol prices would be a cause for some greater optimism about the need for more interest rate rises.</p></body></html>","source":"smallcap_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Weekly Review: Dovish Reserve Bank and Flying Miners Send Market Higher</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{ 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{color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Weekly Review: Dovish Reserve Bank and Flying Miners Send Market Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-10 07:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/dovish-reserve-bank-miners-send-market-higher-weekly-review/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A combination of stronger mining stocks and a more dovish Reserve Bank helped the Australian share market to a 1% rise for the week.Investors largely ignored the death of Queen Elizabeth II and pushed...</p>\n\n<a href=\"https://smallcaps.com.au/dovish-reserve-bank-miners-send-market-higher-weekly-review/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WOA.AU":"WIDE OPEN AGRICULTURE LTD","BK7507":"资源股","IVR.AU":"INVESTIGATOR RESOURCES LTD","BK7508":"医药生物股","BK7129":"钢铁","BK7040":"食品零售","RIO.AU":"力拓","DEG.AU":"DE GREY MINING LTD","IVX.AU":"INVION LTD","BK7039":"金融交易所和数据","BK7506":"金矿股","BK7511":"ESG概念","WHC.AU":"WHITEHAVEN COAL LTD","BK7033":"数据处理与外包服务","SFR.AU":"SANDFIRE RESOURCES LTD","WOW.AU":"WOOLWORTHS GROUP LTD","BK7082":"大卖场与超市","RHC.AU":"RAMSAY HEALTH CARE LTD","BK7083":"煤与消费用燃料","MIN.AU":"MINERAL RESOURCES LTD","BK7509":"中概股","COL.AU":"COLES GROUP LTD","ASX.AU":"ASX LTD","BK7113":"保健护理机构","XAO.AU":"标普/澳交所 普通股指数","GCY.AU":"Gascoyne Resources Ltd","CLZ.AU":"CLASSIC MINERALS LTD","XJO.AU":"标普/澳交所 200指数","BK7504":"锂钴概念","XKO.AU":"标普/澳交所 300指数","BK7117":"农产品","BK7500":"支付概念","YAL.AU":"YANCOAL AUSTRALIA LTD","BK7104":"黄金","BK7501":"新冠治疗股","BK7095":"多种金属与采矿","PLS.AU":"PILBARA MINERALS LTD","BK7110":"铜","BK7096":"制药","FMG.AU":"FORTESCUE LTD","BHP.AU":"BHP GROUP LTD","ASN.AU":"ANSON RESOURCES LTD","TYR.AU":"TYRO PAYMENTS LTD"},"source_url":"https://smallcaps.com.au/dovish-reserve-bank-miners-send-market-higher-weekly-review/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2266871976","content_text":"A combination of stronger mining stocks and a more dovish Reserve Bank helped the Australian share market to a 1% rise for the week.Investors largely ignored the death of Queen Elizabeth II and pushed up the ASX 200 by 0.7% on Friday or 45.5 points to help the market to a second consecutive gain and the highest close of the month at 6894.2 points.Mining stocks did most of the heavy lifting with the materials sector lifting a hefty 3.3%, helped by heavyweights such as BHP (ASX: BHP), up 3.1% to $38, Rio Tinto (ASX: RIO), up 2.7% to $94.36, and Fortescue Metals (ASX: FMG), up 6.1% to $17.81.Much stronger prices for some minersSome of the more impressive rises among the miners included shares in De Grey Mining (ASX: DEG) which jumped 11.9% and Sandfire Resources (ASX: SFR) which rose 8%.Also helping matters was a healthy 13.6% jump in Mineral Resources (ASX: MIN) to $71.51 after discussions around it spinning off its lithium business.Shares in fellow lithium producer Pilbara Minerals (ASX: PLS) also added a hefty 5.9% as the battery material remained in vogue.The energy sector was also stronger, up 1% with Whitehaven Coal (ASX: WHC) and Yancoal (ASX: YAL) adding 3.1% and 5.3% respectively.Interest rate rises could slow downThe gains from miners added to the 1.8% gain on Thursday after the Reserve Bank governor, Dr Philip Lowe, dropped some broad hints that the bank might reduce the pace of interest rate rises.While most sectors were higher, there were some laggards with consumer staples down 1.2%, due to share falls by both major supermarkets Coles (ASX: COL) and Woolworths (ASX: WOW).Takeover target Ramsay Health Care (ASX: RHC) saw its shares fall by 1.3% to $70.15 after it announced the end of discussions with IHH Healthcare over the latter’s bid to buy all of Ramsay Sime Darby, a 50:50 joint venture in Asia.Tyro Payments (ASX: TYR) shares added another 9.5% on the back of a takeover bid that arrived on Thursday.Small cap stock actionThe Small Ords index rallied 2.57% for the week to close on 2936.3 points.ASX 200 vs Small OrdsSmall cap companies making headlines this week were:Investigator Resources (ASX: IVR)South Australian explorer Investigator Resources this week announced it had hit rare earths mineralisation at the Apollo prospect within its flagship Paris silver project.Results showed that 80% of holes drilled hit a distinct clay horizon with intersections above the cut-off grade of 1,000 parts per million total rare earth oxides (TREO).Reported MREO (high value magnet rare earth oxides) are believed to be associated with neodymium and praseodymium.Investigator has long been aware of elevated concentrations of rare earths including cerium and lanthanum in the Paris region.The company is in the process of analysing samples using the “lithium borate fusion” technique to define total REE content.Invion (ASX: IVX)Life sciences company Invion has announced positive screening results from in vitro studies of its Photosoft technology on the inhibition of the Zika virus.The photodynamic therapy was found to be more than 99% effective against the virus and more efficacious than veterinary antibiotic Monensin, which is known to have activity against Zika in in vitro lab tests and was used as a control in Invion’s study.Monensin’s in vivo toxicity means it cannot be used in humans.Zika virus is primarily transmitted by the Aedes Aegypti mosquito, which also transmits yellow fever and dengue.It has been linked to birth defects and other neurological complications.Invion holds the exclusive rights to Photosoft in Asia Pacific for the treatment of infectious diseases and atherosclerosis, through an agreement signed last year with technology licensor RMW Cho Group.Gascoyne Resources (ASX: GCY)Gold miner and explorer Gascoyne Resources has had a busy week at the newly-discovered Never Never lode within its Dalgaranga project in Western Australia.News of an expansion to the Never Never resource envelope confirmed the company could be dealing with a “potentially very large” gold system which persists at depth at roughly the same thicknesses and grades.The expansion was followed by the release of the Gascoyne’s annual resource statement which sits at 36.74Mt grading 1.16g/t gold for 1.37Moz.It includes an initial resource estimate for the Gilbey’s North deposit and Never Never lode of 1.43Mt at 2.32g/t gold for 107,200oz – comprising 0.78Mt at 1.10g/t for 27,600oz (Gilbey’s North) and 0.66Mt at 3.78g/t for 79,600oz (Never Never).Wide Open Agriculture (ASX: WOA)The signing of two new agreements this week will cement Wide Open Agriculture’s presence in South East Asia and along Australia’s eastern seaboard.The regenerative food producer has inked a non-exclusive deal with The GrowHub Innovations Company to distribute its Dirty Clean Food-branded oat milk across Indonesia and Malaysia.Dirty Clean Food has also formalised a long-standing partnership with WA company My Foodie Box to distribute “ready to eat” products to the eastern states market.The agreements have been considered a significant milestone for Wide Open Agriculture and for the Dirty Clean Food brand.Anson Resources (ASX: ASN)Impressing investors this week was Anson Resources after it revealed “outstanding economics” in its definitive feasibility study for the phase one operational design of its Paradox lithium project in Utah.The project is expected to cost US$495 million to develop and generate annual average EBITDA of US$153 million.During phase one, revenues of US$5.08 billion are anticipated over its 23-year life.Based on current spot lithium prices, the project has pre-tax net present value of almost US$5.15 billion.Anson executive chairman Bruce Richardson said there remains “material upside” beyond the study revealed this week based on future mineral resource upgrades from recent drilling at other targets.Classic Minerals (ASX: CLZ)An agreement with Goldvalley Brown Stone will give Classic Minerals the $10 million it requires to bring its wholly-owned Kat Gap gold project into production.Under the deal, Goldvalley will provide up to $10 million in non-recourse funding to Classic. In return, Goldvalley will receive 30% of the net profits from gold production.Classic chairman John Lester said the deal provided the company with a low-capital way forward, while retaining a solid proportion of the expected profits from Kat Gap. He added it also avoided shareholder dilution.Kat Gap hosts 93,000oz in inferred gold resources.The week aheadThere are a few local economic releases to look out for this week with monthly jobs data and some different estimates of consumer and business sentiment some of the highlights.The Labour Force figures on Thursday should give a fairly accurate picture of the state of the job market before interest rates started to rise given that employment is a bit of a lagging indicator.The biggest market interest will probably be reserved for measures of economic activity in the US and China, with US inflation data also capable of moving markets.US inflation has been moderating from very high levels so any further moderation due to falling petrol prices would be a cause for some greater optimism about the need for more interest rate rises.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936100206,"gmtCreate":1662717543206,"gmtModify":1676537126244,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9936100206","repostId":"2265863151","repostType":4,"repost":{"id":"2265863151","pubTimestamp":1662736820,"share":"https://www.laohu8.com/m/news/2265863151?lang=&edition=full","pubTime":"2022-09-09 23:20","market":"us","language":"en","title":"2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid","url":"https://stock-news.laohu8.com/highlight/detail?id=2265863151","media":"Motley Fool","summary":"There are some excellent businesses in Berkshire Hathaway's stock portfolio, but others should be approached with caution.","content":"<html><head></head><body><p><b>Berkshire Hathaway</b> has a massive stock portfolio with dozen of companies worth well over $300 billion, and many of its positions were selected by CEO Warren Buffett himself.</p><p>For the most part, Buffett and his investment managers are known for buying the stocks of tried-and-true businesses that are well established and stable but still have long-term growth potential. But that&#39;s not always the case, and not every &#34;Buffett stock&#34; is worth buying now. Here are two in particular that look like attractive long-term investments after the recent market decline and one growth stock in Berkshire&#39;s portfolio that you might want to think twice about.</p><h2>1. This Buffett bank stock could be a big winner in the rising-rate environment</h2><p><b>Bank of America</b> is the second-largest stock position in Berkshire&#39;s portfolio. As of the latest information, Berkshire owned just over a billion shares of the megabank, which translates to an ownership stake of about 13%.</p><p>The bank stock is down by about 35% from its recent high, mainly due to recession fears. In recessions, banks often see an uptick in loan defaults as well as a slowdown in consumer demand for borrowing. However, Bank of America is also well positioned to <i>benefit</i> from the current environment. As the Federal Reserve raises rates, it is likely to result in billions in additional net interest income for Bank of America. The bank has a massive base of low-cost and non-interest-bearing deposits, and rate hikes have a big impact on the bottom line.</p><p>We&#39;ve already started to see this in the bank&#39;s second-quarter results, and management estimates that a 100-basis-point (one percentage point) shift in the yield curve would produce an additional $5 billion in net interest income annually, which could certainly help offset any negative impact of an economic slowdown.</p><h2>2. A mini-Berkshire that has one big advantage over Buffett</h2><p><b>Markel</b> is often referred to as &#34;baby Berkshire,&#34; and it&#39;s easy to see why. An insurance company at heart, Markel also invests its float in a portfolio of stocks, as well as in private businesses, through its Markel Ventures division. So it wasn&#39;t too surprising to see Berkshire add Markel to its stock portfolio this year.</p><p>It&#39;s important to note that Markel not only has a similar business model to Berkshire Hathaway, but it actually has one key advantage over it -- its size. With a market cap of about $16 billion, Markel is less than 3% of Berkshire&#39;s size. This means that Markel can produce needle-moving returns from smaller investments (like its venture capital business) than Berkshire can. As a simplified example, if Berkshire invests $100 million in a stock that ends up producing 100x returns, it would only result in about a 2% increase in the company&#39;s market value. For Markel, such an investment would be game-changing.</p><p>In short, Markel uses a time-tested business model and is comparable to an earlier-stage investment in Berkshire Hathaway itself.</p><h2>3. A high-potential fintech that faces some big headwinds</h2><p>A few years ago, Berkshire did something that it rarely does and invested in a high-growth business that had just made its public debut. While the investment wasn&#39;t made by Buffett himself, Berkshire added shares of Brazil-based fintech <b><a href=\"https://laohu8.com/S/STNE\">StoneCo</a></b>.</p><p>For a while, StoneCo was one of the best performers in Berkshire&#39;s portfolio, but the stock has been absolutely hammered in the recent downturn, with shares down by more than 90% from the highs. And while the business still has lots of potential, it&#39;s also become much riskier. The company reported a hefty net loss in the second quarter, compared with a profit a year ago, and growth has slowed down tremendously. Inflation is higher in StoneCo&#39;s market than it is in the United States, and a recession could cause a sharp decline in consumer spending. Plus, StoneCo&#39;s CFO recently decided to leave the company.</p><p>To be sure, StoneCo could end up being a home run for patient investors. If recession fears subside, growth could rebound. The company is slowly rolling out its credit card business, which could be a massive revenue driver long term. But there&#39;s too much that can go wrong in the near term, so I&#39;m staying on the sidelines.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-09 23:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/08/2-warren-buffett-stocks-to-buy-hand-over-fist-and/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway has a massive stock portfolio with dozen of companies worth well over $300 billion, and many of its positions were selected by CEO Warren Buffett himself.For the most part, Buffett ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/08/2-warren-buffett-stocks-to-buy-hand-over-fist-and/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MKL":"Markel Corp","STNE":"StoneCo","BAC":"美国银行"},"source_url":"https://www.fool.com/investing/2022/09/08/2-warren-buffett-stocks-to-buy-hand-over-fist-and/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265863151","content_text":"Berkshire Hathaway has a massive stock portfolio with dozen of companies worth well over $300 billion, and many of its positions were selected by CEO Warren Buffett himself.For the most part, Buffett and his investment managers are known for buying the stocks of tried-and-true businesses that are well established and stable but still have long-term growth potential. But that's not always the case, and not every \"Buffett stock\" is worth buying now. Here are two in particular that look like attractive long-term investments after the recent market decline and one growth stock in Berkshire's portfolio that you might want to think twice about.1. This Buffett bank stock could be a big winner in the rising-rate environmentBank of America is the second-largest stock position in Berkshire's portfolio. As of the latest information, Berkshire owned just over a billion shares of the megabank, which translates to an ownership stake of about 13%.The bank stock is down by about 35% from its recent high, mainly due to recession fears. In recessions, banks often see an uptick in loan defaults as well as a slowdown in consumer demand for borrowing. However, Bank of America is also well positioned to benefit from the current environment. As the Federal Reserve raises rates, it is likely to result in billions in additional net interest income for Bank of America. The bank has a massive base of low-cost and non-interest-bearing deposits, and rate hikes have a big impact on the bottom line.We've already started to see this in the bank's second-quarter results, and management estimates that a 100-basis-point (one percentage point) shift in the yield curve would produce an additional $5 billion in net interest income annually, which could certainly help offset any negative impact of an economic slowdown.2. A mini-Berkshire that has one big advantage over BuffettMarkel is often referred to as \"baby Berkshire,\" and it's easy to see why. An insurance company at heart, Markel also invests its float in a portfolio of stocks, as well as in private businesses, through its Markel Ventures division. So it wasn't too surprising to see Berkshire add Markel to its stock portfolio this year.It's important to note that Markel not only has a similar business model to Berkshire Hathaway, but it actually has one key advantage over it -- its size. With a market cap of about $16 billion, Markel is less than 3% of Berkshire's size. This means that Markel can produce needle-moving returns from smaller investments (like its venture capital business) than Berkshire can. As a simplified example, if Berkshire invests $100 million in a stock that ends up producing 100x returns, it would only result in about a 2% increase in the company's market value. For Markel, such an investment would be game-changing.In short, Markel uses a time-tested business model and is comparable to an earlier-stage investment in Berkshire Hathaway itself.3. A high-potential fintech that faces some big headwindsA few years ago, Berkshire did something that it rarely does and invested in a high-growth business that had just made its public debut. While the investment wasn't made by Buffett himself, Berkshire added shares of Brazil-based fintech StoneCo.For a while, StoneCo was one of the best performers in Berkshire's portfolio, but the stock has been absolutely hammered in the recent downturn, with shares down by more than 90% from the highs. And while the business still has lots of potential, it's also become much riskier. The company reported a hefty net loss in the second quarter, compared with a profit a year ago, and growth has slowed down tremendously. Inflation is higher in StoneCo's market than it is in the United States, and a recession could cause a sharp decline in consumer spending. Plus, StoneCo's CFO recently decided to leave the company.To be sure, StoneCo could end up being a home run for patient investors. If recession fears subside, growth could rebound. The company is slowly rolling out its credit card business, which could be a massive revenue driver long term. But there's too much that can go wrong in the near term, so I'm staying on the sidelines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938409244,"gmtCreate":1662644367488,"gmtModify":1676537108405,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I","listText":"I","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9938409244","repostId":"2265005556","repostType":4,"repost":{"id":"2265005556","pubTimestamp":1662650643,"share":"https://www.laohu8.com/m/news/2265005556?lang=&edition=full","pubTime":"2022-09-08 23:24","market":"us","language":"en","title":"Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought","url":"https://stock-news.laohu8.com/highlight/detail?id=2265005556","media":"Motley Fool","summary":"The best-known growth ETF money manager is making moves. Let's check out her shopping list.","content":"<html><head></head><body><p>Cathie Wood is finding it hard to catch 2020 in a bottle again. The growth investor who became a market icon as the co-founder and CEO of the popular Ark Invest exchange-traded funds (ETFs) has been losing more than winning these days. Her investing style seemed to be marching back into fancy earlier this summer, but her most popular ETF has surrendered 22% of its value just over the last three weeks.</p><p>She&#39;s not one to shy away from fire sales, so it&#39;s not a surprise to see her adding to her positions in <b>DraftKings</b>, <b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and<b> Twilio</b> on Tuesday. Let&#39;s see why she&#39;s building up her stakes in these three names.</p><h2>DraftKings</h2><p>The NFL season kicks off -- literally and figuratively -- this week, so let&#39;s talk about DraftKings. The online gambling and fantasy sports specialist is driving down the field these days, even if it may not seem that way with a stock that is a whopping 79% below last year&#39;s all-time high.</p><p>Last month&#39;s quarterly report was a touchdown. Revenue surged a better-than-expected 57%, and the good news didn&#39;t stop there. DraftKings boosted its full-year revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) guidance. There are now 1.5 million average monthly unique paying customers, a 30% increase over the past year. Average revenue per paying user is up also up 30% over the past year.</p><p>There&#39;s a lot of red tape to untangle in securing gaming rights in new markets, but DraftKings continues to grow its reach. It opened its online sportsbook in Kansas last week. Recent analyst notes find Wall Street pros jacking their price targets higher, encouraged by DraftKings&#39; unique position in the market.</p><h2>Zoom Video</h2><p>Momentum is picking up for DraftKings, but the same can&#39;t be said about Zoom Video. The videoconferencing leader has surrendered 18% of its value since posting disappointing financial results two weeks ago. It&#39;s not just Wood who may have peaked two years ago. Zoom shares are a blistering 86% below their late 2020 peak.</p><p>The deceleration in top-line growth at Zoom has been brutal, falling sharply in each of its last six quarters.</p><ul><li>Q4 2021: 369%</li><li>Q1 2022: 191%</li><li>Q2 2022: 54%</li><li>Q3 2022: 35%</li><li>Q4 2022: 21%</li><li>Q1 2023: 12%</li><li>Q2 2023: 8%</li></ul><p>Guidance calls for the slowdown to continue with a 5% increase in revenue for the current fiscal quarter. Despite a positive net dollar expansion rate north of 120% for its enterprise customers, a lot of casual users have moved on now that jobs, schooling, and reunions have returned to in-person affairs.</p><h2>Twilio</h2><p>Back to the world of healthy double-digit revenue growth, Twilio came through with a 41% year-over-year increase in its latest report. Revenue and earnings exceeded expectations, but disappointing near-term guidance is why the stock is a market laggard. Like Zoom, shares of Twilio are down 86% from their all-time highs.</p><p>The provider of in-app communication solutions is finding that some of its customers in hard-hit industries aren&#39;t delivering the kind of volume that Twilio typically sees. Crypto exchanges, social networking sites, and consumer on-demand businesses have been struggling in recent months, and Twilio sees revenue slowing to a 31% gain for the current quarter.</p><p>DraftKings, Zoom, and Twilio are all trading well below their highs, but they&#39;re all still compelling growth stocks at attractive price points. Wood has been buying the wrong stocks on the way down since last year, but she may be on to something this time.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought</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\">\nCathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-08 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/07/cathie-wood-goes-bargain-hunting-3-stocks-she-just/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood is finding it hard to catch 2020 in a bottle again. The growth investor who became a market icon as the co-founder and CEO of the popular Ark Invest exchange-traded funds (ETFs) has been ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/07/cathie-wood-goes-bargain-hunting-3-stocks-she-just/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWLO":"Twilio Inc","ZM":"Zoom","DKNG":"DraftKings Inc."},"source_url":"https://www.fool.com/investing/2022/09/07/cathie-wood-goes-bargain-hunting-3-stocks-she-just/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265005556","content_text":"Cathie Wood is finding it hard to catch 2020 in a bottle again. The growth investor who became a market icon as the co-founder and CEO of the popular Ark Invest exchange-traded funds (ETFs) has been losing more than winning these days. Her investing style seemed to be marching back into fancy earlier this summer, but her most popular ETF has surrendered 22% of its value just over the last three weeks.She's not one to shy away from fire sales, so it's not a surprise to see her adding to her positions in DraftKings, Zoom Video, and Twilio on Tuesday. Let's see why she's building up her stakes in these three names.DraftKingsThe NFL season kicks off -- literally and figuratively -- this week, so let's talk about DraftKings. The online gambling and fantasy sports specialist is driving down the field these days, even if it may not seem that way with a stock that is a whopping 79% below last year's all-time high.Last month's quarterly report was a touchdown. Revenue surged a better-than-expected 57%, and the good news didn't stop there. DraftKings boosted its full-year revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) guidance. There are now 1.5 million average monthly unique paying customers, a 30% increase over the past year. Average revenue per paying user is up also up 30% over the past year.There's a lot of red tape to untangle in securing gaming rights in new markets, but DraftKings continues to grow its reach. It opened its online sportsbook in Kansas last week. Recent analyst notes find Wall Street pros jacking their price targets higher, encouraged by DraftKings' unique position in the market.Zoom VideoMomentum is picking up for DraftKings, but the same can't be said about Zoom Video. The videoconferencing leader has surrendered 18% of its value since posting disappointing financial results two weeks ago. It's not just Wood who may have peaked two years ago. Zoom shares are a blistering 86% below their late 2020 peak.The deceleration in top-line growth at Zoom has been brutal, falling sharply in each of its last six quarters.Q4 2021: 369%Q1 2022: 191%Q2 2022: 54%Q3 2022: 35%Q4 2022: 21%Q1 2023: 12%Q2 2023: 8%Guidance calls for the slowdown to continue with a 5% increase in revenue for the current fiscal quarter. Despite a positive net dollar expansion rate north of 120% for its enterprise customers, a lot of casual users have moved on now that jobs, schooling, and reunions have returned to in-person affairs.TwilioBack to the world of healthy double-digit revenue growth, Twilio came through with a 41% year-over-year increase in its latest report. Revenue and earnings exceeded expectations, but disappointing near-term guidance is why the stock is a market laggard. Like Zoom, shares of Twilio are down 86% from their all-time highs.The provider of in-app communication solutions is finding that some of its customers in hard-hit industries aren't delivering the kind of volume that Twilio typically sees. Crypto exchanges, social networking sites, and consumer on-demand businesses have been struggling in recent months, and Twilio sees revenue slowing to a 31% gain for the current quarter.DraftKings, Zoom, and Twilio are all trading well below their highs, but they're all still compelling growth stocks at attractive price points. Wood has been buying the wrong stocks on the way down since last year, but she may be on to something this time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":46,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938325561,"gmtCreate":1662563316353,"gmtModify":1676537089053,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9938325561","repostId":"1162808848","repostType":4,"repost":{"id":"1162808848","pubTimestamp":1662564152,"share":"https://www.laohu8.com/m/news/1162808848?lang=&edition=full","pubTime":"2022-09-07 23:22","market":"us","language":"en","title":"Play Defense With The Vanguard S&P 500 Value ETF","url":"https://stock-news.laohu8.com/highlight/detail?id=1162808848","media":"Seeking Alpha","summary":"SummaryIt's now clear that the July/August rise in equity markets was a bear-market rally that quick","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>It&#39;s now clear that the July/August rise in equity markets was a bear-market rally that quickly fizzled out.</li><li>There are just too many headwinds to get overly bullish here: high inflation, rising interest rates, Putin&#39;s war on Ukraine that has broken global energy &amp; food supply chains, etc.</li><li>That being the case, investors who haven&#39;t already positioned their portfolio in a more defensive posture should consider the &#34;value&#34; sector of the market.</li><li>The Vanguard S&amp;P 500 Value ETF has a portfolio that is trading at a significant discount to the S&amp;P 500 and has outperformed the S&amp;P 500 by 6% over the past year.</li></ul><p>We all now know the stock market&#39;s quick jump upward from mid-June to mid-August was simply a bear-market rally that quickly fizzled out and has already given back almost all the gains. And, as mentioned in the bullets above, the macro-environment appears to just keep getting worse, with Putin now weaponizing energy supplies to the EU and China&#39;s continuing covid-19 lockdowns. As a result, it&#39;s very hard to get bullish on the markets despite the 13.7% pullback in theS&amp;P 500 so far this year. As a result, investors that are over-weight growth and/or the broad market averages should consider allocating some capital to the <b>Vanguard S&amp;P 500 Value ETF</b>(NYSEARCA:VOOV). VOOV is a relatively cost-efficient fund (0.10% fee), yields 2.1%, and has an attractive 10.8% average annual total return over the past 10-years.</p><p><b>Investment Thesis</b></p><p>The Value sector has significantly outperformed most others during the 2022 bear-market:</p><p><img src=\"https://static.tigerbbs.com/23aad53d1e08bff73a0ee04eb04c4879\" tg-width=\"615\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha Homepage</p><p>As shown in the graphic above, the Value Sector has outperformed all other sectors with the exception of the high dividend yield segment. While still down 7.45% over the past year - as measured by the <b>iShares Core S&amp;P U.S. Value ETF</b>(IUSV) - that is still 6% better than the S&amp;P 500.</p><p>The fact is, in times of turbulent, volatile, and weak equity markets, the value sector can add ballast to a portfolio in the same way that the <b>consumer staples</b>(XLP) or <b>utilities</b>(XLU) sectors can (those two are up 0.3% and 9.1% over the past year, respectively).</p><p>So, today let&#39;s take a closer look at the Vanguard S&amp;P 500 Value ETF to see how it has positioned investors for success going forward.</p><p><b>Top-10 Holdings</b></p><p>The top-10 holdings in the Vanguard S&amp;P 500 Value ETFare shown below and equate to only 18.4% of the entire portfolio and is therefore what I consider to be a very well diversified fund:</p><p><img src=\"https://static.tigerbbs.com/668386196af182720e4e27043ac0c821\" tg-width=\"459\" tg-height=\"489\" referrerpolicy=\"no-referrer\"/></p><p>Vanguard</p><p>The #1 holding is <b>Berkshire Hathaway Class B</b>(BRK.B) with a 3.1% weight. Berkshire is a conservative and well-diversified company whose largest current holding is <b>Apple</b>(AAPL) with a 40.8% weight (a $122.3 billion position). The top-5 holdings in Berkshire are shown below and the entire BRK portfolio can be found here, and is generally defensive in nature.</p><p><img src=\"https://static.tigerbbs.com/ca7eaa7f4d3521485451c2e6b2caeb0c\" tg-width=\"564\" tg-height=\"310\" referrerpolicy=\"no-referrer\"/></p><p>hedgefollow.com</p><p>Berkshire Hathaway currently has$146.7 billion in cash and short-term investments and is therefore ideally positioned to play offense once the markets turnaround (or tanks).</p><p>In aggregate, typically defensive healthcare stocks like <b>Johnson &amp; Johnson</b>(JNJ), <b>UnitedHealth Group</b>(UNH), and <b>Merck</b>(MRK) equate to 5.6% of the VOOV portfolio. These three stocks yield 2.78%, 1.28%, and 3.2%, respectively. The following chart shows these three stocks&#39; performance versus the S&amp;P 500 over the past year:</p><p><img src=\"https://static.tigerbbs.com/ac5aa9fb56240b0eddbc47dc964767ce\" tg-width=\"1280\" tg-height=\"877\" referrerpolicy=\"no-referrer\"/>JNJdata by YCharts</p><p>As can be seen, all three have significantly outperformed the S&amp;P 500, with UNH being the star performer: +22.5%.</p><p>The #3 and #5 holdings are integrated international major energy companies <b>Exxon</b>(XOM) and <b>Chevron</b>(CVX), with a combined weight of 3.2%. Exxon and Chevron both had monster Q2 earnings reports and generated free-cash-flow of $16.9 billion and $10.6 billion, respectively. Both these companies have global production portfolios that are ideally positioned to benefit from strong oil, natural gas, and LNG pricing.</p><p>Exxon shareholders have arguably benefited from the fact that activist hedge-fund Engine #1 won three seats on Exxon board-of-directors and has, as a result, totally changed Exxon&#39;s structure and strategy going forward. Exxon currently yields 3.68% after raising the quarterly dividend by only a penny last year, while Chevron yields 3.60% after a 6% dividend increase ($0.08/share). Both companies are using the current up-cycle to put in place significant share buyback plans (Exxon&#39;s is $30 billion by the end of 2023, Chevron&#39;s is $15 billion per year).</p><p><b>Verizon</b>(VZ) rounds out the top-10 holdings with a 1.1% weight. The good news here is that VZ yields 6.2%. The bad news is that <b>T-Mobile</b>(TMUS) is eating Verizon&#39;s lunch with a newer and arguably better performing network:</p><p><img src=\"https://static.tigerbbs.com/79f26e57bca7fb4f47b2eec073813dc9\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"/>VZdata by YCharts</p><p>From an overall portfolio perspective, the largest allocation of capital are to the HealthCare (16.9%), Financials (14.6%), and Industrials (12.3%) sectors. Financials, in particular, typically do well in a rising rate environment because they can profit of the interest rate spread (i.e. the difference between the rate they can borrow at versus the higher rate they can lend at).</p><p><b>Performance</b></p><p>VOOV&#39;s long-term performance versus the S&amp;P 500 is shown below:</p><p><img src=\"https://static.tigerbbs.com/402388e3e886bf4ddbe7428c7d9c5f97\" tg-width=\"475\" tg-height=\"221\" referrerpolicy=\"no-referrer\"/></p><p>Vanguard</p><p>Source: Vanguard Fund Comparison Tool</p><p>VOOV&#39;s long-term 10.54% average annual return is quite attractive in a weak market considering its lower risk profile (see below in &#34;Risks&#34; section). However, the long-term returns of the <b>Vanguard S&amp;P 500 ETF</b>(VOO) are 2.3% higher and, for that reason alone, I advise investors to always own a significantly higher allocation to the VOO fund as compared to a value oriented fund like VOOV.</p><p>The graphic below compares the VOOV to some direct competitors: the <b>Vanguard Value ETF</b>(VTV), the <b>iShares Russell 1000 Value ETF</b>(IWD), and the <b>iShares Core S&amp;P Value ETF</b> over the past year:</p><p><img src=\"https://static.tigerbbs.com/90a466dfcd7514e0687d3c20e5ca0982\" tg-width=\"1280\" tg-height=\"877\" referrerpolicy=\"no-referrer\"/>VOOVdata by YCharts</p><p>Clearly the VTV ETF is the star of the show in that it is down the least amount. The VTV ETF has a significantly lower expense fee (0.04%) than does the VOOV ETF, a very similar portfolio, and a better 10-year performance track record (11.73%).</p><p><b>Risks</b></p><p>Obviously the VOOV fund is not immune to the negative headwinds from the macro-investment environment discussed earlier - after all, the ETF is still down 6.7% YTD. However, in a challenging market where rising interest rates threaten valuation levels, note that the VOOV ETF&#39;s portfolio trades at a significant discount to the overall S&amp;P 500:</p><p><img src=\"https://static.tigerbbs.com/856d4a543454bb3b4b155948be92bcc1\" tg-width=\"474\" tg-height=\"413\" referrerpolicy=\"no-referrer\"/></p><p>Vanguard</p><p>Clearly, VOOV&#39;s P/E and price-to-book ratios are significantly lower as compared to the broadS&amp;P 500 as measured by the <b>VanguardS&amp;P 500 ETF</b>. However, also note how - as expected - VOOV&#39;s ROE and EPS growth rates are also significantly lower as compared to the VOO ETF. And this is the trade-off investors make when investing in value versus the overall market and/or growth stocks.</p><p><b>Summary &amp; Conclusion</b></p><p>The VanguardS&amp;P 500 Value ETF is a sleep-well-at-night (&#34;SWAN&#34;) fund that can add ballast to a portfolio in times of weak market performance. However, as shown above, the Vanguard VTV Value ETF appears to be a superior choice with lower fees, better performance, and a similarly defensive portfolio. While VOOV is an attractive ETF (I rate it a HOLD) at the present time, the VTV ETF is the BUY.</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>Play Defense With The Vanguard S&P 500 Value ETF</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\">\nPlay Defense With The Vanguard S&P 500 Value ETF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-07 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4539295-vanguard-s-and-p500-value-etf-play-defense?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIt's now clear that the July/August rise in equity markets was a bear-market rally that quickly fizzled out.There are just too many headwinds to get overly bullish here: high inflation, rising ...</p>\n\n<a href=\"https://seekingalpha.com/article/4539295-vanguard-s-and-p500-value-etf-play-defense?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","VOOV":"Vanguard S&P 500 Value ETF","VTV":"Vanguard Value ETF"},"source_url":"https://seekingalpha.com/article/4539295-vanguard-s-and-p500-value-etf-play-defense?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162808848","content_text":"SummaryIt's now clear that the July/August rise in equity markets was a bear-market rally that quickly fizzled out.There are just too many headwinds to get overly bullish here: high inflation, rising interest rates, Putin's war on Ukraine that has broken global energy & food supply chains, etc.That being the case, investors who haven't already positioned their portfolio in a more defensive posture should consider the \"value\" sector of the market.The Vanguard S&P 500 Value ETF has a portfolio that is trading at a significant discount to the S&P 500 and has outperformed the S&P 500 by 6% over the past year.We all now know the stock market's quick jump upward from mid-June to mid-August was simply a bear-market rally that quickly fizzled out and has already given back almost all the gains. And, as mentioned in the bullets above, the macro-environment appears to just keep getting worse, with Putin now weaponizing energy supplies to the EU and China's continuing covid-19 lockdowns. As a result, it's very hard to get bullish on the markets despite the 13.7% pullback in theS&P 500 so far this year. As a result, investors that are over-weight growth and/or the broad market averages should consider allocating some capital to the Vanguard S&P 500 Value ETF(NYSEARCA:VOOV). VOOV is a relatively cost-efficient fund (0.10% fee), yields 2.1%, and has an attractive 10.8% average annual total return over the past 10-years.Investment ThesisThe Value sector has significantly outperformed most others during the 2022 bear-market:Seeking Alpha HomepageAs shown in the graphic above, the Value Sector has outperformed all other sectors with the exception of the high dividend yield segment. While still down 7.45% over the past year - as measured by the iShares Core S&P U.S. Value ETF(IUSV) - that is still 6% better than the S&P 500.The fact is, in times of turbulent, volatile, and weak equity markets, the value sector can add ballast to a portfolio in the same way that the consumer staples(XLP) or utilities(XLU) sectors can (those two are up 0.3% and 9.1% over the past year, respectively).So, today let's take a closer look at the Vanguard S&P 500 Value ETF to see how it has positioned investors for success going forward.Top-10 HoldingsThe top-10 holdings in the Vanguard S&P 500 Value ETFare shown below and equate to only 18.4% of the entire portfolio and is therefore what I consider to be a very well diversified fund:VanguardThe #1 holding is Berkshire Hathaway Class B(BRK.B) with a 3.1% weight. Berkshire is a conservative and well-diversified company whose largest current holding is Apple(AAPL) with a 40.8% weight (a $122.3 billion position). The top-5 holdings in Berkshire are shown below and the entire BRK portfolio can be found here, and is generally defensive in nature.hedgefollow.comBerkshire Hathaway currently has$146.7 billion in cash and short-term investments and is therefore ideally positioned to play offense once the markets turnaround (or tanks).In aggregate, typically defensive healthcare stocks like Johnson & Johnson(JNJ), UnitedHealth Group(UNH), and Merck(MRK) equate to 5.6% of the VOOV portfolio. These three stocks yield 2.78%, 1.28%, and 3.2%, respectively. The following chart shows these three stocks' performance versus the S&P 500 over the past year:JNJdata by YChartsAs can be seen, all three have significantly outperformed the S&P 500, with UNH being the star performer: +22.5%.The #3 and #5 holdings are integrated international major energy companies Exxon(XOM) and Chevron(CVX), with a combined weight of 3.2%. Exxon and Chevron both had monster Q2 earnings reports and generated free-cash-flow of $16.9 billion and $10.6 billion, respectively. Both these companies have global production portfolios that are ideally positioned to benefit from strong oil, natural gas, and LNG pricing.Exxon shareholders have arguably benefited from the fact that activist hedge-fund Engine #1 won three seats on Exxon board-of-directors and has, as a result, totally changed Exxon's structure and strategy going forward. Exxon currently yields 3.68% after raising the quarterly dividend by only a penny last year, while Chevron yields 3.60% after a 6% dividend increase ($0.08/share). Both companies are using the current up-cycle to put in place significant share buyback plans (Exxon's is $30 billion by the end of 2023, Chevron's is $15 billion per year).Verizon(VZ) rounds out the top-10 holdings with a 1.1% weight. The good news here is that VZ yields 6.2%. The bad news is that T-Mobile(TMUS) is eating Verizon's lunch with a newer and arguably better performing network:VZdata by YChartsFrom an overall portfolio perspective, the largest allocation of capital are to the HealthCare (16.9%), Financials (14.6%), and Industrials (12.3%) sectors. Financials, in particular, typically do well in a rising rate environment because they can profit of the interest rate spread (i.e. the difference between the rate they can borrow at versus the higher rate they can lend at).PerformanceVOOV's long-term performance versus the S&P 500 is shown below:VanguardSource: Vanguard Fund Comparison ToolVOOV's long-term 10.54% average annual return is quite attractive in a weak market considering its lower risk profile (see below in \"Risks\" section). However, the long-term returns of the Vanguard S&P 500 ETF(VOO) are 2.3% higher and, for that reason alone, I advise investors to always own a significantly higher allocation to the VOO fund as compared to a value oriented fund like VOOV.The graphic below compares the VOOV to some direct competitors: the Vanguard Value ETF(VTV), the iShares Russell 1000 Value ETF(IWD), and the iShares Core S&P Value ETF over the past year:VOOVdata by YChartsClearly the VTV ETF is the star of the show in that it is down the least amount. The VTV ETF has a significantly lower expense fee (0.04%) than does the VOOV ETF, a very similar portfolio, and a better 10-year performance track record (11.73%).RisksObviously the VOOV fund is not immune to the negative headwinds from the macro-investment environment discussed earlier - after all, the ETF is still down 6.7% YTD. However, in a challenging market where rising interest rates threaten valuation levels, note that the VOOV ETF's portfolio trades at a significant discount to the overall S&P 500:VanguardClearly, VOOV's P/E and price-to-book ratios are significantly lower as compared to the broadS&P 500 as measured by the VanguardS&P 500 ETF. However, also note how - as expected - VOOV's ROE and EPS growth rates are also significantly lower as compared to the VOO ETF. And this is the trade-off investors make when investing in value versus the overall market and/or growth stocks.Summary & ConclusionThe VanguardS&P 500 Value ETF is a sleep-well-at-night (\"SWAN\") fund that can add ballast to a portfolio in times of weak market performance. However, as shown above, the Vanguard VTV Value ETF appears to be a superior choice with lower fees, better performance, and a similarly defensive portfolio. While VOOV is an attractive ETF (I rate it a HOLD) at the present time, the VTV ETF is the BUY.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931270550,"gmtCreate":1662473384270,"gmtModify":1676537068175,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9931270550","repostId":"1120803157","repostType":4,"repost":{"id":"1120803157","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":1662471156,"share":"https://www.laohu8.com/m/news/1120803157?lang=&edition=full","pubTime":"2022-09-06 21:32","market":"us","language":"en","title":"U.S. Stocks Rise As Wall Street Looks to Reverse 3-Week Losing Streak","url":"https://stock-news.laohu8.com/highlight/detail?id=1120803157","media":"Tiger Newspress","summary":"Stock rose Tuesday as traders aimed to start the holiday-shortened week on a strong note.The Dow Jon","content":"<html><head></head><body><p>Stock rose Tuesday as traders aimed to start the holiday-shortened week on a strong note.</p><p>The Dow Jones Industrial Average gained 136 points, or 0.44%. The S&amp;P 500 and Nasdaq Composite rose 0.39% and 0.31% respectively. U.S. markets were closed Monday due to the Labor Day holiday.</p><p>CVS Health said Monday it’s buying Signify Health for roughly $8 billion, while Volkswagen shared its plan to float Porsche for an initial public offering.</p><p>On Friday, the major averages closed out their third negative week in a row. The Nasdaq Composite posted its first six-day losing streak since 2019, ending the session 1.3% lower, while the Dow erased a 370-point gain on Friday to close about 1.1% lower. The S&amp;P shed 1.1% to its lowest close since July.</p><p>In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and a fresh rate hike decision from the European Central bank due out later this week. August PMI services and ISM services data are slated for Tuesday, giving more important information about the state of the U.S. economy.</p><p>“This is the week where everyone’s back,” said Ed Moya, senior market analyst at Oanda. “Everyone’s back to school, back to trading, a lot of people are back into the office. There’s still a lot of pessimism here that we could continue to see inflation rear its ugly head and that should warrant more aggressive rate hikes by the Fed.”</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>U.S. Stocks Rise As Wall Street Looks to Reverse 3-Week Losing Streak</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\">\nU.S. Stocks Rise As Wall Street Looks to Reverse 3-Week Losing Streak\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\">2022-09-06 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock rose Tuesday as traders aimed to start the holiday-shortened week on a strong note.</p><p>The Dow Jones Industrial Average gained 136 points, or 0.44%. The S&amp;P 500 and Nasdaq Composite rose 0.39% and 0.31% respectively. U.S. markets were closed Monday due to the Labor Day holiday.</p><p>CVS Health said Monday it’s buying Signify Health for roughly $8 billion, while Volkswagen shared its plan to float Porsche for an initial public offering.</p><p>On Friday, the major averages closed out their third negative week in a row. The Nasdaq Composite posted its first six-day losing streak since 2019, ending the session 1.3% lower, while the Dow erased a 370-point gain on Friday to close about 1.1% lower. The S&amp;P shed 1.1% to its lowest close since July.</p><p>In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and a fresh rate hike decision from the European Central bank due out later this week. August PMI services and ISM services data are slated for Tuesday, giving more important information about the state of the U.S. economy.</p><p>“This is the week where everyone’s back,” said Ed Moya, senior market analyst at Oanda. “Everyone’s back to school, back to trading, a lot of people are back into the office. There’s still a lot of pessimism here that we could continue to see inflation rear its ugly head and that should warrant more aggressive rate hikes by the Fed.”</p></body></html>\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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120803157","content_text":"Stock rose Tuesday as traders aimed to start the holiday-shortened week on a strong note.The Dow Jones Industrial Average gained 136 points, or 0.44%. The S&P 500 and Nasdaq Composite rose 0.39% and 0.31% respectively. U.S. markets were closed Monday due to the Labor Day holiday.CVS Health said Monday it’s buying Signify Health for roughly $8 billion, while Volkswagen shared its plan to float Porsche for an initial public offering.On Friday, the major averages closed out their third negative week in a row. The Nasdaq Composite posted its first six-day losing streak since 2019, ending the session 1.3% lower, while the Dow erased a 370-point gain on Friday to close about 1.1% lower. The S&P shed 1.1% to its lowest close since July.In the holiday-shortened week, investors are looking ahead to speeches from Federal Reserve presidents and a fresh rate hike decision from the European Central bank due out later this week. August PMI services and ISM services data are slated for Tuesday, giving more important information about the state of the U.S. economy.“This is the week where everyone’s back,” said Ed Moya, senior market analyst at Oanda. “Everyone’s back to school, back to trading, a lot of people are back into the office. There’s still a lot of pessimism here that we could continue to see inflation rear its ugly head and that should warrant more aggressive rate hikes by the Fed.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931973937,"gmtCreate":1662390831229,"gmtModify":1676537050750,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"U","listText":"U","text":"U","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9931973937","repostId":"2264274049","repostType":4,"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933288453,"gmtCreate":1662297552272,"gmtModify":1676537032448,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933288453","repostId":"2264274049","repostType":4,"repost":{"id":"2264274049","pubTimestamp":1662364924,"share":"https://www.laohu8.com/m/news/2264274049?lang=&edition=full","pubTime":"2022-09-05 16:02","market":"us","language":"en","title":"3 Stocks Cathie Wood Is Buying That Should Be on Your List Too","url":"https://stock-news.laohu8.com/highlight/detail?id=2264274049","media":"Motley Fool","summary":"The ARK ETFs have clicked the buy button on these growth stocks recently, and they still look ripe for the plucking.","content":"<html><head></head><body><p>Back-to-school supplies and updates to your autumn wardrobe are popular things on people&#39;s shopping lists these days. Noted investor and Ark Invest CEO Cathie Wood, meanwhile, has been scooping up shares of growth stocks for her various ARK exchange-traded funds (ETFs).</p><p>While I can&#39;t say that I agree with all of Wood&#39;s stock purchases over the past few months, there are some stocks that her funds have snatched up that would seem to fit well in other growth investors&#39; portfolios. They include <b>Ginkgo Bioworks</b>, <b>Monday.com</b>, and <b>Trimble</b>. Let&#39;s find out a bit more about these three Cathie Wood stocks that are worth more consideration.</p><h2>1. Ginkgo Bioworks</h2><p>A leader in the field of synthetic biology, or synbio, Ginkgo Bioworks specializes in providing its customers with improved molecules. Essentially, the company acts like an architect. Customers -- from a variety of industries, including food, pharmaceuticals, and cosmetics -- inform Ginkgo of their needs, and Ginkgo designs the blueprints for new and improved microbes. Often, Ginkgo will earn royalties or equity interests as a result of these partnerships, providing the company with good foresight into future cash flows.</p><p>Like many growth stocks this year, shares of Ginkgo have fallen steeply -- about 68.7% -- as investors shy away from investments that represent higher degrees of risk. However, the stock&#39;s plunge is not reflective of something inherently wrong with the company. This is something with which Wood seems to be familiar. Throughout August, the <b><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a></b> has purchased more than 7.34 million shares of Ginkgo Bioworks.</p><p>The company doesn&#39;t project profitability on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis until 2025. In the meantime, though, investors can monitor the company&#39;s ability to launch new programs -- 60 are forecasted in 2022 -- as a positive sign that the company&#39;s offerings are in consistently high demand.</p><h2>2. Monday.com</h2><p>Also appearing on Wood&#39;s shopping list is the open platform stock Monday.com. The <b><a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a></b> has been steadily increasing its position in Monday.com throughout 2022, adding 164,500 shares in February through May and 30,075 shares, most recently, in June.</p><p>The advantage of Monday.com&#39;s platform is that it allows customers to develop a customizable workflow experience -- selecting from the different apps available on its platform -- without the need for complex coding or adherence to a nonflexible infrastructure. Simply put, Monday.com&#39;s platform makes it easier for customers to work online. And with our lives becoming increasingly dependent on our ability to manage things online, Monday.com&#39;s ability to provide an easier solution is something that is highly attractive.</p><p>Monday.com has excelled at growing revenue over the past three years: Sales have soared at a compound annual growth rate of 99% from 2019 to 2021. The company recently announced a strong second-quarter 2022 performance, and management is bullish on the coming year regarding free cash flow generation.</p><p>On the company&#39;s Q2 2022 conference call, Eliran Glazer, the company&#39;s CFO, said that management expects &#34;to see a shift toward breakeven or some free cash flow positive&#34; in the second half of 2023.</p><h2>3. Trimble</h2><p>Occupying an increasingly larger position in two ETFs this summer, Trimble is a stock that first made an appearance in an ARK ETF in September 2020. Wood most recently picked up shares of Trimble in July, when the <b>ARK Space Exploration &amp; Innovation ETF</b> picked up 25,073 shares, and the <b>ARK</b> <b>Autonomous Technology &amp; Robotics ETF</b> added 93,392 shares.</p><p>Trimble is a leader in positioning systems. On both local and global scales, Trimble helps a diverse range of customers from industries including agriculture, construction, and transportation. With the data it collects from its positioning solutions, Trimble is also able to offer customers sophisticated modeling, analysis, and autonomous technology solutions.</p><p>Customers need to have accurate positioning data that are subsequently converted into modeling solutions and analytics, which is hardly something that will wane in the coming years. Instead, Trimble&#39;s offerings will likely grow in demand as customers&#39; positioning and data needs become more sophisticated. The high interest in Trimble&#39;s offerings, in fact, is already recognizable in the company&#39;s substantial backlog of approximately $1.6 billion as of the end of Q2 2022.</p><h2>A last look at Cathie Wood&#39;s shopping list</h2><p>On balance, growth investors are more comfortable taking on risk in their investments, but that&#39;s not to say that all growth stocks represent the same risk. Trimble, for example, has a long runway of growth ahead of it, yet the company already generates positive free cash flow, mitigating the amount of risk. For investors looking to take on more risk in pursuit of greater rewards, conversely, Ginkgo Bioworks and Monday.com are better options.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks Cathie Wood Is Buying That Should Be on Your List Too</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks Cathie Wood Is Buying That Should Be on Your List Too\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/02/stocks-cathie-wood-buying-that-should-be-on-list/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Back-to-school supplies and updates to your autumn wardrobe are popular things on people's shopping lists these days. Noted investor and Ark Invest CEO Cathie Wood, meanwhile, has been scooping up ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/02/stocks-cathie-wood-buying-that-should-be-on-list/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MNDY":"Monday.com Ltd.","DNA":"Ginkgo Bioworks Holdings Inc.","TRMB":"天宝导航"},"source_url":"https://www.fool.com/investing/2022/09/02/stocks-cathie-wood-buying-that-should-be-on-list/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264274049","content_text":"Back-to-school supplies and updates to your autumn wardrobe are popular things on people's shopping lists these days. Noted investor and Ark Invest CEO Cathie Wood, meanwhile, has been scooping up shares of growth stocks for her various ARK exchange-traded funds (ETFs).While I can't say that I agree with all of Wood's stock purchases over the past few months, there are some stocks that her funds have snatched up that would seem to fit well in other growth investors' portfolios. They include Ginkgo Bioworks, Monday.com, and Trimble. Let's find out a bit more about these three Cathie Wood stocks that are worth more consideration.1. Ginkgo BioworksA leader in the field of synthetic biology, or synbio, Ginkgo Bioworks specializes in providing its customers with improved molecules. Essentially, the company acts like an architect. Customers -- from a variety of industries, including food, pharmaceuticals, and cosmetics -- inform Ginkgo of their needs, and Ginkgo designs the blueprints for new and improved microbes. Often, Ginkgo will earn royalties or equity interests as a result of these partnerships, providing the company with good foresight into future cash flows.Like many growth stocks this year, shares of Ginkgo have fallen steeply -- about 68.7% -- as investors shy away from investments that represent higher degrees of risk. However, the stock's plunge is not reflective of something inherently wrong with the company. This is something with which Wood seems to be familiar. Throughout August, the ARK Innovation ETF has purchased more than 7.34 million shares of Ginkgo Bioworks.The company doesn't project profitability on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis until 2025. In the meantime, though, investors can monitor the company's ability to launch new programs -- 60 are forecasted in 2022 -- as a positive sign that the company's offerings are in consistently high demand.2. Monday.comAlso appearing on Wood's shopping list is the open platform stock Monday.com. The ARK Next Generation Internet ETF has been steadily increasing its position in Monday.com throughout 2022, adding 164,500 shares in February through May and 30,075 shares, most recently, in June.The advantage of Monday.com's platform is that it allows customers to develop a customizable workflow experience -- selecting from the different apps available on its platform -- without the need for complex coding or adherence to a nonflexible infrastructure. Simply put, Monday.com's platform makes it easier for customers to work online. And with our lives becoming increasingly dependent on our ability to manage things online, Monday.com's ability to provide an easier solution is something that is highly attractive.Monday.com has excelled at growing revenue over the past three years: Sales have soared at a compound annual growth rate of 99% from 2019 to 2021. The company recently announced a strong second-quarter 2022 performance, and management is bullish on the coming year regarding free cash flow generation.On the company's Q2 2022 conference call, Eliran Glazer, the company's CFO, said that management expects \"to see a shift toward breakeven or some free cash flow positive\" in the second half of 2023.3. TrimbleOccupying an increasingly larger position in two ETFs this summer, Trimble is a stock that first made an appearance in an ARK ETF in September 2020. Wood most recently picked up shares of Trimble in July, when the ARK Space Exploration & Innovation ETF picked up 25,073 shares, and the ARK Autonomous Technology & Robotics ETF added 93,392 shares.Trimble is a leader in positioning systems. On both local and global scales, Trimble helps a diverse range of customers from industries including agriculture, construction, and transportation. With the data it collects from its positioning solutions, Trimble is also able to offer customers sophisticated modeling, analysis, and autonomous technology solutions.Customers need to have accurate positioning data that are subsequently converted into modeling solutions and analytics, which is hardly something that will wane in the coming years. Instead, Trimble's offerings will likely grow in demand as customers' positioning and data needs become more sophisticated. The high interest in Trimble's offerings, in fact, is already recognizable in the company's substantial backlog of approximately $1.6 billion as of the end of Q2 2022.A last look at Cathie Wood's shopping listOn balance, growth investors are more comfortable taking on risk in their investments, but that's not to say that all growth stocks represent the same risk. Trimble, for example, has a long runway of growth ahead of it, yet the company already generates positive free cash flow, mitigating the amount of risk. For investors looking to take on more risk in pursuit of greater rewards, conversely, Ginkgo Bioworks and Monday.com are better options.","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933945575,"gmtCreate":1662211367197,"gmtModify":1676537018739,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"U","listText":"U","text":"U","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933945575","repostId":"1189856152","repostType":4,"repost":{"id":"1189856152","pubTimestamp":1662172832,"share":"https://www.laohu8.com/m/news/1189856152?lang=&edition=full","pubTime":"2022-09-03 10:40","market":"us","language":"en","title":"3 Penny Stocks That Could 10X by 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1189856152","media":"InvestorPlace","summary":"If you have the cash to spare and are willing to take on some risk, then the following three penny s","content":"<html><head></head><body><ul><li>If you have the cash to spare and are willing to take on some risk, then the following three penny stocks will interest you.</li><li><b>Exela Technologies</b>(<b><u>XELA</u></b>): Exela Technologies deserves a look because the business automation company has reduced debt significantly in the last few quarters.</li><li><b>Palatin Technologies</b>(<b><u>PTN</u></b>): Palatin could be a multi-bagger since it has several products that are in various clinical stages of development.</li><li><b>FlexShopper</b>(<b><u>FPAY</u></b>): FlexShopper is a new fintech startup that is becoming a great challenger in the current market.</li></ul><p>How do you find the best penny stocks? The answer may seem simple, but it’s not. Many things can affect your decision and make finding a good buy tough for even the most experienced investors.</p><p>One thing to look out for when trying to invest in penny stocks is whether or not their prices will stay low long enough before they inflate again. Second, great financials are a must. Look out for those with strong balance sheets and healthy profits. Finally, look for companies with good future prospects. This could mean they have new products or services in the pipeline or are expanding into new markets. By taking the time to research penny stocks, you can increase your chances of finding ones that will be successful investments.</p><p>Penny stocks can be very exciting. But they also come with risks and require research before investing any real capital into them. If you are ready to take the plunge, here are three penny stocks that could 10X by 2023.</p><p><b>Exela Technologies (XELA)</b></p><p><b>Exela Technologies</b>(NASDAQ:<b><u>XELA</u></b>) is a global business process automation and information management solutions provider. Headquartered in Texas, Exela serves more than4,000 customers in over 50 countries. Its platform enables customers to automate manual processes, improve data quality and compliance, and reduce costs. One company that constantly comes up when discussing penny stocks is Exela Technologies.</p><p>Why? Exela Technologies is in a good position right now. It has secured some big contract victories recently. Exela’s Exchange for Bills and Payments segment contracted an order with a total value of $136 million in June. The same division secured a three-year, $18.3 million deal, which started accruing in the third quarter of 2022.</p><p>The company has high debt levels, which poses a problem for investors. However, Exela Technologies has done well in the last few quarters, paring debt substantially. Investors should pay attention to whether the debt-EBITDA ratio will continue to lessen.</p><p>One of the brightest spots for Exela is DrySign, a proprietary e-signature platform. DrySign enables organizations to sign documents with high security and compliance electronically. Exela is well-positioned to continue its growth in this market, which is expected to grow to $42 billion by 2030.</p><p>Exela’s growth has been slowing in recent years. Blame it on intensifying competition, slower-than-expected adoption of its products, and uncertain macroeconomic conditions. However, the company has made some progress in adapting its business model to the new realities of the global business process automation software market. It is now well-positioned to capitalize on the secular tailwinds driving demand for its solutions.</p><p><b>Palatin Technologies (PTN)</b></p><p><b>Palatin Technologies</b>(NYSEMKT:<b><u>PTN</u></b>) is an up-and-coming biotech company that is based in New Jersey. Its chief product, Vyleesi, was approved by the U.S. Food and Drug Administration in June 2019 for treating HSDD (hypoactive sexual desire disorder) in premenopausal women.</p><p>PL9643, another drug in its pipeline, helps treat dry eye disease. In addition, Palatin is developing a drug that can effectively treat ulcerative colitis. Its PL8177 has passed its first-stage trials and will be going into Phase 2 testing soon, with expected results by the end of 2022.</p><p>In conclusion, Palatin holds an excellent portfolio of drugs in earlier stages of development. With several potential blockbuster drugs in its pipeline, this is a company with huge upside potential. So don’t miss out on this hidden gem. You will want to keep an eye on Palatin Technologies.</p><p><b>FlexShopper (FPAY)</b></p><p><b>FlexShopper</b>(NASDAQ:<b><u>FPAY</u></b>) is an upcoming fintech company proving to be a great challenger in the current market. Its principal business is lease-to-own furniture, which is gaining ground as consumers become affected by inflation. Its lease-to-own offerings are an appealing and practical solution because they provide a way to get the furniture without breaking the bank.</p><p>The percentage of consumers using financing or leasing programs has increased dramatically in the past year. A recent survey of 2,688 consumers in the U.S. found that nearly 58% used a financing or leasing program when buying durable goods within the past year. With inflation remaining at its highest rate in decades, the trend will not change anytime soon.</p><p>The latest results from FlexShopper illustrate the company is doing very well due to these trends. Analysts expected a loss of 5 cents per share for the second quarter, and the company blew past those numbers with a 51-cent profit. Revenues of $36.55 million also outpaced analyst estimates of $32.08 million.</p><p>Its recent performance is driven by several tailwinds. These include rising demand for its lease-to-own services, a favorable product mix and inflation. Given the company’s strong fundamentals and favorable industry trends, FlexShopper is in a great position to grow in the quarters ahead.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Penny Stocks That Could 10X by 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Penny Stocks That Could 10X by 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-03 10:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/09/3-penny-stocks-that-could-10x-by-2023-xela-ptn-fpay/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you have the cash to spare and are willing to take on some risk, then the following three penny stocks will interest you.Exela Technologies(XELA): Exela Technologies deserves a look because the ...</p>\n\n<a href=\"https://investorplace.com/2022/09/3-penny-stocks-that-could-10x-by-2023-xela-ptn-fpay/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XELA":"Exela Technologies, Inc.","FPAY":"FlexShopper Inc","PTN":"Palatin Technologies Inc"},"source_url":"https://investorplace.com/2022/09/3-penny-stocks-that-could-10x-by-2023-xela-ptn-fpay/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189856152","content_text":"If you have the cash to spare and are willing to take on some risk, then the following three penny stocks will interest you.Exela Technologies(XELA): Exela Technologies deserves a look because the business automation company has reduced debt significantly in the last few quarters.Palatin Technologies(PTN): Palatin could be a multi-bagger since it has several products that are in various clinical stages of development.FlexShopper(FPAY): FlexShopper is a new fintech startup that is becoming a great challenger in the current market.How do you find the best penny stocks? The answer may seem simple, but it’s not. Many things can affect your decision and make finding a good buy tough for even the most experienced investors.One thing to look out for when trying to invest in penny stocks is whether or not their prices will stay low long enough before they inflate again. Second, great financials are a must. Look out for those with strong balance sheets and healthy profits. Finally, look for companies with good future prospects. This could mean they have new products or services in the pipeline or are expanding into new markets. By taking the time to research penny stocks, you can increase your chances of finding ones that will be successful investments.Penny stocks can be very exciting. But they also come with risks and require research before investing any real capital into them. If you are ready to take the plunge, here are three penny stocks that could 10X by 2023.Exela Technologies (XELA)Exela Technologies(NASDAQ:XELA) is a global business process automation and information management solutions provider. Headquartered in Texas, Exela serves more than4,000 customers in over 50 countries. Its platform enables customers to automate manual processes, improve data quality and compliance, and reduce costs. One company that constantly comes up when discussing penny stocks is Exela Technologies.Why? Exela Technologies is in a good position right now. It has secured some big contract victories recently. Exela’s Exchange for Bills and Payments segment contracted an order with a total value of $136 million in June. The same division secured a three-year, $18.3 million deal, which started accruing in the third quarter of 2022.The company has high debt levels, which poses a problem for investors. However, Exela Technologies has done well in the last few quarters, paring debt substantially. Investors should pay attention to whether the debt-EBITDA ratio will continue to lessen.One of the brightest spots for Exela is DrySign, a proprietary e-signature platform. DrySign enables organizations to sign documents with high security and compliance electronically. Exela is well-positioned to continue its growth in this market, which is expected to grow to $42 billion by 2030.Exela’s growth has been slowing in recent years. Blame it on intensifying competition, slower-than-expected adoption of its products, and uncertain macroeconomic conditions. However, the company has made some progress in adapting its business model to the new realities of the global business process automation software market. It is now well-positioned to capitalize on the secular tailwinds driving demand for its solutions.Palatin Technologies (PTN)Palatin Technologies(NYSEMKT:PTN) is an up-and-coming biotech company that is based in New Jersey. Its chief product, Vyleesi, was approved by the U.S. Food and Drug Administration in June 2019 for treating HSDD (hypoactive sexual desire disorder) in premenopausal women.PL9643, another drug in its pipeline, helps treat dry eye disease. In addition, Palatin is developing a drug that can effectively treat ulcerative colitis. Its PL8177 has passed its first-stage trials and will be going into Phase 2 testing soon, with expected results by the end of 2022.In conclusion, Palatin holds an excellent portfolio of drugs in earlier stages of development. With several potential blockbuster drugs in its pipeline, this is a company with huge upside potential. So don’t miss out on this hidden gem. You will want to keep an eye on Palatin Technologies.FlexShopper (FPAY)FlexShopper(NASDAQ:FPAY) is an upcoming fintech company proving to be a great challenger in the current market. Its principal business is lease-to-own furniture, which is gaining ground as consumers become affected by inflation. Its lease-to-own offerings are an appealing and practical solution because they provide a way to get the furniture without breaking the bank.The percentage of consumers using financing or leasing programs has increased dramatically in the past year. A recent survey of 2,688 consumers in the U.S. found that nearly 58% used a financing or leasing program when buying durable goods within the past year. With inflation remaining at its highest rate in decades, the trend will not change anytime soon.The latest results from FlexShopper illustrate the company is doing very well due to these trends. Analysts expected a loss of 5 cents per share for the second quarter, and the company blew past those numbers with a 51-cent profit. Revenues of $36.55 million also outpaced analyst estimates of $32.08 million.Its recent performance is driven by several tailwinds. These include rising demand for its lease-to-own services, a favorable product mix and inflation. Given the company’s strong fundamentals and favorable industry trends, FlexShopper is in a great position to grow in the quarters ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939220613,"gmtCreate":1662119498833,"gmtModify":1676537002108,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9939220613","repostId":"2264247910","repostType":4,"repost":{"id":"2264247910","pubTimestamp":1662110596,"share":"https://www.laohu8.com/m/news/2264247910?lang=&edition=full","pubTime":"2022-09-02 17:23","market":"us","language":"en","title":"August Jobs Report to Provide More Clues on Economy's Direction, Fed's Rate Path","url":"https://stock-news.laohu8.com/highlight/detail?id=2264247910","media":"seekingalpha","summary":"The U.S. economy has been giving off mixed signals this year, with GDP falling for two straight quar","content":"<html><head></head><body><p>The U.S. economy has been giving off mixed signals this year, with GDP falling for two straight quarters, while the number of jobs continues to grow. Federal Reserve Chair Jerome Powell has repeatedly called the labor market unusually strong in recent months.</p><p>Markets will see how strong it was in August when the Department of Labor issues its Employment Situation Summary on Friday. Economists are expecting 293K jobs will be added to nonfarm payrolls, down from the larger-than-expected 528K added in July. Meanwhile, the unemployment rate is expected to stay at 3.5%, a 50-year low.</p><p>&#34;My expectation is that we are going to see strong employer demand for workers,&#34; said AnnElizabeth Konkel, senior economist at job-posting website Indeed, in an interview with Seeking Alpha. &#34;I don&#39;t know the magnitude of what that will be, but it will show that employers continue to hire workers.&#34;</p><p>&#34;If the consensus among economists is close to correct, the number of jobs added in August will be the lowest in over a year,&#34; said Mark Hamrick, senior economic analyst at Bankrate. &#34;At the same time, the unemployment rate sits at 3.5%, the lowest point since the pandemic, matching a decades low level.&#34;</p><p>He points out that hiring gains have averaged 471K per month this year, still strong compared with prepandemic levels. For example, from November 2019 to January 2020, about 260K jobs per month were added.</p><p><b>Trend watching: </b>&#34;The economy is growing but does seem to be slowing, which will likely mute job gains moving forward,&#34; said Glassdoor Senior Economist Daniel Zhao. &#34;Overall, the labor market is healthy but the slowing economy means it&#39;s more likely that July was a positive fluke, rather than the start of an accelerating trend.&#34;</p><p>A strong August showing means that Federal Reserve policymakers will likely be considering another 75-basis-point rate increase later this month as they seek to tamp down demand to control inflation. The central bank has increased its federal funds rate target range by 225 bps in its past four meetings, with 75-bp hikes at each of the last two.</p><p><b>&#39;The big thing&#39;:</b> Labor force participation is &#34;the big thing&#34; that Konkel will be watching when she reads the report on Friday. That figure stood at 62.1% in July, a half point lower than it was prepandemic. &#34;We are on a journey. We have not arrived at our destination,&#34; she said. &#34;I think we&#39;re getting there.&#34;</p><p>There are several reasons for the lower than desired participation rate, she said, including factors like an &#34;iffy&#34; day-care situation, people affected by long COVID, and some workers may still have the option to stay out of the workforce due to their accumulated savings. &#34;Eventually those savings are going to dwindle and they&#39;re going to rejoin the workforce,&#34; she said.</p><p><b>Sector dynamics:</b> Leisure and hospitality, one of the sectors hit the hardest by the pandemic, is expected to continue showing strength in August. &#34;My hope is that we continue to see gains in leisure and hospitality, and service in general,&#34; Indeed&#39;s Konkel said.</p><p>In manufacturing, recent indicators show hiring was robust in August, according to the ISM Manufacturing Purchasing Managers Index report. There were &#34;few indications of layoffs, hiring freezes, or head-count reductions through attrition,&#34; said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee. In addition, companies reported a lower rate of quits, he said.</p><p>Konkel will also be looking at hiring in the information sector. While there have been some high-profile announcements of layoffs in tech, that hadn&#39;t shown up in the broader July job openings and labor turnover report. There were some 11.2M job openings in the U.S. at the end of July, up from 11.0M a month earlier.</p><p>Wages, too, will be closely watched rose. Average hourly earnings are expected to rise 5.3% Y/Y, up slightly from 5.2% in July. &#34;The fact that wages haven&#39;t kept up with inflation, that puts to rest fears of the wage-price spiral,&#34; Konkel said.</p><p>Glassdoor&#39;s Zhao pointed out that in August, the Bureau of Labor Statistics released its preliminary benchmark revisions for March 2022, estimating an additional 462K jobs should be added to the March 2022 payroll number. Depending on final revisions, set to be published with the January 2023 report, &#34;the revision may be enough to bump up 2022 job gains from 6.7M to over 7M, which would easily be the largest annual payroll gain on record,&#34; he said.</p><p>Cleveland Fed President Loretta Mester expects the Fed will need to increase its key rate to over 4% and keep hold it there for all of next year.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>August Jobs Report to Provide More Clues on Economy's Direction, Fed's Rate Path</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\">\nAugust Jobs Report to Provide More Clues on Economy's Direction, Fed's Rate Path\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-02 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3879054-august-jobs-report-preview><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. economy has been giving off mixed signals this year, with GDP falling for two straight quarters, while the number of jobs continues to grow. Federal Reserve Chair Jerome Powell has repeatedly...</p>\n\n<a href=\"https://seekingalpha.com/news/3879054-august-jobs-report-preview\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3879054-august-jobs-report-preview","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2264247910","content_text":"The U.S. economy has been giving off mixed signals this year, with GDP falling for two straight quarters, while the number of jobs continues to grow. Federal Reserve Chair Jerome Powell has repeatedly called the labor market unusually strong in recent months.Markets will see how strong it was in August when the Department of Labor issues its Employment Situation Summary on Friday. Economists are expecting 293K jobs will be added to nonfarm payrolls, down from the larger-than-expected 528K added in July. Meanwhile, the unemployment rate is expected to stay at 3.5%, a 50-year low.\"My expectation is that we are going to see strong employer demand for workers,\" said AnnElizabeth Konkel, senior economist at job-posting website Indeed, in an interview with Seeking Alpha. \"I don't know the magnitude of what that will be, but it will show that employers continue to hire workers.\"\"If the consensus among economists is close to correct, the number of jobs added in August will be the lowest in over a year,\" said Mark Hamrick, senior economic analyst at Bankrate. \"At the same time, the unemployment rate sits at 3.5%, the lowest point since the pandemic, matching a decades low level.\"He points out that hiring gains have averaged 471K per month this year, still strong compared with prepandemic levels. For example, from November 2019 to January 2020, about 260K jobs per month were added.Trend watching: \"The economy is growing but does seem to be slowing, which will likely mute job gains moving forward,\" said Glassdoor Senior Economist Daniel Zhao. \"Overall, the labor market is healthy but the slowing economy means it's more likely that July was a positive fluke, rather than the start of an accelerating trend.\"A strong August showing means that Federal Reserve policymakers will likely be considering another 75-basis-point rate increase later this month as they seek to tamp down demand to control inflation. The central bank has increased its federal funds rate target range by 225 bps in its past four meetings, with 75-bp hikes at each of the last two.'The big thing': Labor force participation is \"the big thing\" that Konkel will be watching when she reads the report on Friday. That figure stood at 62.1% in July, a half point lower than it was prepandemic. \"We are on a journey. We have not arrived at our destination,\" she said. \"I think we're getting there.\"There are several reasons for the lower than desired participation rate, she said, including factors like an \"iffy\" day-care situation, people affected by long COVID, and some workers may still have the option to stay out of the workforce due to their accumulated savings. \"Eventually those savings are going to dwindle and they're going to rejoin the workforce,\" she said.Sector dynamics: Leisure and hospitality, one of the sectors hit the hardest by the pandemic, is expected to continue showing strength in August. \"My hope is that we continue to see gains in leisure and hospitality, and service in general,\" Indeed's Konkel said.In manufacturing, recent indicators show hiring was robust in August, according to the ISM Manufacturing Purchasing Managers Index report. There were \"few indications of layoffs, hiring freezes, or head-count reductions through attrition,\" said Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee. In addition, companies reported a lower rate of quits, he said.Konkel will also be looking at hiring in the information sector. While there have been some high-profile announcements of layoffs in tech, that hadn't shown up in the broader July job openings and labor turnover report. There were some 11.2M job openings in the U.S. at the end of July, up from 11.0M a month earlier.Wages, too, will be closely watched rose. Average hourly earnings are expected to rise 5.3% Y/Y, up slightly from 5.2% in July. \"The fact that wages haven't kept up with inflation, that puts to rest fears of the wage-price spiral,\" Konkel said.Glassdoor's Zhao pointed out that in August, the Bureau of Labor Statistics released its preliminary benchmark revisions for March 2022, estimating an additional 462K jobs should be added to the March 2022 payroll number. Depending on final revisions, set to be published with the January 2023 report, \"the revision may be enough to bump up 2022 job gains from 6.7M to over 7M, which would easily be the largest annual payroll gain on record,\" he said.Cleveland Fed President Loretta Mester expects the Fed will need to increase its key rate to over 4% and keep hold it there for all of next year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939077900,"gmtCreate":1662036103202,"gmtModify":1676536667653,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9939077900","repostId":"1183790092","repostType":4,"repost":{"id":"1183790092","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":1662033313,"share":"https://www.laohu8.com/m/news/1183790092?lang=&edition=full","pubTime":"2022-09-01 19:55","market":"us","language":"en","title":"Pre-Bell｜U.S. Stock Index Futures Slid; Semiconductor Stocks Fell","url":"https://stock-news.laohu8.com/highlight/detail?id=1183790092","media":"Tiger Newspress","summary":"Futures tied to U.S. stocks on Thursday started September on a dour note as weak factory activity su","content":"<html><head></head><body><p>Futures tied to U.S. stocks on Thursday started September on a dour note as weak factory activity surveys from Europe and Asia amplified fears of a global economic slowdown.</p><h2><b>Market Snapshot</b></h2><p>At 7:50 a.m. ET, Dow e-minis were down 93 points, or 0.29%, S&amp;P 500 e-minis were down 13.25 points, or 0.33%, and Nasdaq 100 e-minis were down 67.5 points, or 0.55%.</p><p><img src=\"https://static.tigerbbs.com/27cf6347a8273384202d1e5151fe254e\" tg-width=\"527\" tg-height=\"234\" referrerpolicy=\"no-referrer\"/></p><h2><b>Pre-Market Movers</b></h2><p><a href=\"https://laohu8.com/S/HRL\">Hormel Foods</a> – Hormel fell 4.2% in the premarket after issuing a mixed batch of quarterly results and guidance. The food producer’s quarterly revenue beat forecasts, but earnings were slightly short. The same was also true for its full-year outlook as Hormel expects higher operational costs to persist.</p><p><a href=\"https://laohu8.com/S/CPB\">Campbell Soup </a> – Campbell Soup lost 2.4% in the premarket after its quarterly profit and sales matched Wall Street estimates. Campbell issued an upbeat forecast, saying it expects continued elevated demand for its soup and other food products.</p><p><a href=\"https://laohu8.com/S/CIEN\">Ciena </a> – Ciena tumbled 11.6% in premarket trading after the networking equipment maker missed estimates on the top and bottom lines for its latest quarter. Ciena is still seeing strong customer demand but its sales continue to be impacted by component shortages.</p><p><a href=\"https://laohu8.com/S/LE\">Lands&#39; End </a> – The apparel retailer&#39;s stock slid 8.3% in premarket action in spite of a narrower-than-expected quarterly loss and sales that beat consensus. Lands&#39; End cut its full-year outlook as global supply chain challenges elevate expenses.</p><p><a href=\"https://laohu8.com/S/SIG\">Signet Jewelers </a> – Signet jumped 4% in premarket trading after its quarterly profit beat estimates, even amid a bigger-than-expected drop in same-store sales. The company also affirmed its prior full-year guidance.</p><p><a href=\"https://laohu8.com/S/OKTA\">Okta </a> – Okta skidded 16.1% in the premarket despite better-than-expected quarterly results and an improved outlook. The identity management software company said it was running into unexpected integration issues following its acquisition of rival Auth0 last year.</p><p><a href=\"https://laohu8.com/S/PSTG\">Pure Storage </a> – Pure Storage rallied 5.7% in premarket trading after the data storage company reported upbeat quarterly earnings amid mixed results from its industry rivals.</p><p><a href=\"https://laohu8.com/S/NTNX\">Nutanix </a> – Nutanix shares surged 16.3% in premarket action as the cloud computing company beat analyst forecasts for its latest quarter. The company also saw an increase in billings and annual recurring revenue.</p><p><a href=\"https://laohu8.com/S/FIVE\">Five Below </a> – Five Below gained 3.2% in the premarket despite top and bottom line misses for its latest quarter. The jump in the discount retailer’s shares comes after Chief Financial Officer Kenneth Bull said Five Below is poised to benefit this coming holiday season from consumer efforts to save money in the face of high inflation.</p><p><a href=\"https://laohu8.com/S/MDB\">MongoDB </a> – MongoDB shares slumped 16.8% in premarket trading after the cloud computing company predicted a wider-than-expected loss for the second half of the year. MongoDB reported a smaller loss in its most recent quarter than analysts anticipated, and revenue beat forecasts as well.</p><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia </a> – Nvidia slid 4.3% in the premarket after the graphics chip maker warned it expects a sales hit of as much as $400 million from new U.S. licensing requirements. Those rules will impose restrictions on shipments of its most advanced chips to China. Advanced Micro Devices (AMD) said some of its chips would be impacted by those new requirements, and its stock fell 2.6% in off-hours trading.</p><h2><b>Market News</b></h2><h3>U.S. Allows Nvidia to Do Exports, Transfers Needed to Develop Its AI Chip</h3><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp</a> said on Thursday that the U.S. government has allowed exports and in-country transfers needed to develop the company&#39;s H100 artificial intelligence chip.</p><p>The government has also authorized Nvidia to fulfill orders of the A100 and H100 AI chips via its Hong Kong facility through Sept. 1, 2023.</p><h3>UK Watchdog to Further Probe Microsoft&#39;s $68.7 Billion Activision Deal</h3><p>Britain&#39;s competition regulator said <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp</a>&#39;s acquisition of &#34;Call of Duty&#34; maker <a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard Inc</a> it will refer the $68.7 billion deal for an in-depth investigation.</p><p>The Competition and Markets Authority said the merger may substantially reduce competition in gaming consoles, multi-game subscription services and cloud gaming services.</p><h3>Tesla Model Y Begins Deliveries in Singapore</h3><p>After launching in Singapore to much fanfare in July, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>’s Model Y has started local deliveries, with 10 Singaporean owners driving away with their new Model Y SUVs at Tesla’s Toa Payoh Experience Centre.</p><p>The Model Y SUV is Tesla’s first SUV to be sold in Singapore, and marks the brand’s second official model here since arriving here a year ago with the Model 3.</p><h3>NIO Delivered 10,677 Vehicles in August 2022</h3><p><a href=\"https://laohu8.com/S/NIO\">NIO</a> delivered 10,677 vehicles in August 2022, representing an increase of 81.6% year-over-year. The deliveries consisted of 7,551 premium smart electric SUVs, and 3,126 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 238,626 as of August 31, 2022.</p><h3>Xpeng Says 9,578 Vehicles Delivered In August 2022</h3><p><a href=\"https://laohu8.com/S/XPEV\">XPeng</a> recorded monthly deliveries in August of 9,578 Smart EVs, representing a 33% increase year-over-year. The Company delivered 90,085 Smart EVs in total for the first eight months in 2022, representing a 96% increase year-over-year.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Stock Index Futures Slid; Semiconductor Stocks Fell</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\">\nPre-Bell｜U.S. Stock Index Futures Slid; Semiconductor Stocks Fell\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\">2022-09-01 19:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Futures tied to U.S. stocks on Thursday started September on a dour note as weak factory activity surveys from Europe and Asia amplified fears of a global economic slowdown.</p><h2><b>Market Snapshot</b></h2><p>At 7:50 a.m. ET, Dow e-minis were down 93 points, or 0.29%, S&amp;P 500 e-minis were down 13.25 points, or 0.33%, and Nasdaq 100 e-minis were down 67.5 points, or 0.55%.</p><p><img src=\"https://static.tigerbbs.com/27cf6347a8273384202d1e5151fe254e\" tg-width=\"527\" tg-height=\"234\" referrerpolicy=\"no-referrer\"/></p><h2><b>Pre-Market Movers</b></h2><p><a href=\"https://laohu8.com/S/HRL\">Hormel Foods</a> – Hormel fell 4.2% in the premarket after issuing a mixed batch of quarterly results and guidance. The food producer’s quarterly revenue beat forecasts, but earnings were slightly short. The same was also true for its full-year outlook as Hormel expects higher operational costs to persist.</p><p><a href=\"https://laohu8.com/S/CPB\">Campbell Soup </a> – Campbell Soup lost 2.4% in the premarket after its quarterly profit and sales matched Wall Street estimates. Campbell issued an upbeat forecast, saying it expects continued elevated demand for its soup and other food products.</p><p><a href=\"https://laohu8.com/S/CIEN\">Ciena </a> – Ciena tumbled 11.6% in premarket trading after the networking equipment maker missed estimates on the top and bottom lines for its latest quarter. Ciena is still seeing strong customer demand but its sales continue to be impacted by component shortages.</p><p><a href=\"https://laohu8.com/S/LE\">Lands&#39; End </a> – The apparel retailer&#39;s stock slid 8.3% in premarket action in spite of a narrower-than-expected quarterly loss and sales that beat consensus. Lands&#39; End cut its full-year outlook as global supply chain challenges elevate expenses.</p><p><a href=\"https://laohu8.com/S/SIG\">Signet Jewelers </a> – Signet jumped 4% in premarket trading after its quarterly profit beat estimates, even amid a bigger-than-expected drop in same-store sales. The company also affirmed its prior full-year guidance.</p><p><a href=\"https://laohu8.com/S/OKTA\">Okta </a> – Okta skidded 16.1% in the premarket despite better-than-expected quarterly results and an improved outlook. The identity management software company said it was running into unexpected integration issues following its acquisition of rival Auth0 last year.</p><p><a href=\"https://laohu8.com/S/PSTG\">Pure Storage </a> – Pure Storage rallied 5.7% in premarket trading after the data storage company reported upbeat quarterly earnings amid mixed results from its industry rivals.</p><p><a href=\"https://laohu8.com/S/NTNX\">Nutanix </a> – Nutanix shares surged 16.3% in premarket action as the cloud computing company beat analyst forecasts for its latest quarter. The company also saw an increase in billings and annual recurring revenue.</p><p><a href=\"https://laohu8.com/S/FIVE\">Five Below </a> – Five Below gained 3.2% in the premarket despite top and bottom line misses for its latest quarter. The jump in the discount retailer’s shares comes after Chief Financial Officer Kenneth Bull said Five Below is poised to benefit this coming holiday season from consumer efforts to save money in the face of high inflation.</p><p><a href=\"https://laohu8.com/S/MDB\">MongoDB </a> – MongoDB shares slumped 16.8% in premarket trading after the cloud computing company predicted a wider-than-expected loss for the second half of the year. MongoDB reported a smaller loss in its most recent quarter than analysts anticipated, and revenue beat forecasts as well.</p><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia </a> – Nvidia slid 4.3% in the premarket after the graphics chip maker warned it expects a sales hit of as much as $400 million from new U.S. licensing requirements. Those rules will impose restrictions on shipments of its most advanced chips to China. Advanced Micro Devices (AMD) said some of its chips would be impacted by those new requirements, and its stock fell 2.6% in off-hours trading.</p><h2><b>Market News</b></h2><h3>U.S. Allows Nvidia to Do Exports, Transfers Needed to Develop Its AI Chip</h3><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp</a> said on Thursday that the U.S. government has allowed exports and in-country transfers needed to develop the company&#39;s H100 artificial intelligence chip.</p><p>The government has also authorized Nvidia to fulfill orders of the A100 and H100 AI chips via its Hong Kong facility through Sept. 1, 2023.</p><h3>UK Watchdog to Further Probe Microsoft&#39;s $68.7 Billion Activision Deal</h3><p>Britain&#39;s competition regulator said <a href=\"https://laohu8.com/S/MSFT\">Microsoft Corp</a>&#39;s acquisition of &#34;Call of Duty&#34; maker <a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard Inc</a> it will refer the $68.7 billion deal for an in-depth investigation.</p><p>The Competition and Markets Authority said the merger may substantially reduce competition in gaming consoles, multi-game subscription services and cloud gaming services.</p><h3>Tesla Model Y Begins Deliveries in Singapore</h3><p>After launching in Singapore to much fanfare in July, <a href=\"https://laohu8.com/S/TSLA\">Tesla</a>’s Model Y has started local deliveries, with 10 Singaporean owners driving away with their new Model Y SUVs at Tesla’s Toa Payoh Experience Centre.</p><p>The Model Y SUV is Tesla’s first SUV to be sold in Singapore, and marks the brand’s second official model here since arriving here a year ago with the Model 3.</p><h3>NIO Delivered 10,677 Vehicles in August 2022</h3><p><a href=\"https://laohu8.com/S/NIO\">NIO</a> delivered 10,677 vehicles in August 2022, representing an increase of 81.6% year-over-year. The deliveries consisted of 7,551 premium smart electric SUVs, and 3,126 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 238,626 as of August 31, 2022.</p><h3>Xpeng Says 9,578 Vehicles Delivered In August 2022</h3><p><a href=\"https://laohu8.com/S/XPEV\">XPeng</a> recorded monthly deliveries in August of 9,578 Smart EVs, representing a 33% increase year-over-year. The Company delivered 90,085 Smart EVs in total for the first eight months in 2022, representing a 96% increase year-over-year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183790092","content_text":"Futures tied to U.S. stocks on Thursday started September on a dour note as weak factory activity surveys from Europe and Asia amplified fears of a global economic slowdown.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 93 points, or 0.29%, S&P 500 e-minis were down 13.25 points, or 0.33%, and Nasdaq 100 e-minis were down 67.5 points, or 0.55%.Pre-Market MoversHormel Foods – Hormel fell 4.2% in the premarket after issuing a mixed batch of quarterly results and guidance. The food producer’s quarterly revenue beat forecasts, but earnings were slightly short. The same was also true for its full-year outlook as Hormel expects higher operational costs to persist.Campbell Soup  – Campbell Soup lost 2.4% in the premarket after its quarterly profit and sales matched Wall Street estimates. Campbell issued an upbeat forecast, saying it expects continued elevated demand for its soup and other food products.Ciena  – Ciena tumbled 11.6% in premarket trading after the networking equipment maker missed estimates on the top and bottom lines for its latest quarter. Ciena is still seeing strong customer demand but its sales continue to be impacted by component shortages.Lands' End  – The apparel retailer's stock slid 8.3% in premarket action in spite of a narrower-than-expected quarterly loss and sales that beat consensus. Lands' End cut its full-year outlook as global supply chain challenges elevate expenses.Signet Jewelers  – Signet jumped 4% in premarket trading after its quarterly profit beat estimates, even amid a bigger-than-expected drop in same-store sales. The company also affirmed its prior full-year guidance.Okta  – Okta skidded 16.1% in the premarket despite better-than-expected quarterly results and an improved outlook. The identity management software company said it was running into unexpected integration issues following its acquisition of rival Auth0 last year.Pure Storage  – Pure Storage rallied 5.7% in premarket trading after the data storage company reported upbeat quarterly earnings amid mixed results from its industry rivals.Nutanix  – Nutanix shares surged 16.3% in premarket action as the cloud computing company beat analyst forecasts for its latest quarter. The company also saw an increase in billings and annual recurring revenue.Five Below  – Five Below gained 3.2% in the premarket despite top and bottom line misses for its latest quarter. The jump in the discount retailer’s shares comes after Chief Financial Officer Kenneth Bull said Five Below is poised to benefit this coming holiday season from consumer efforts to save money in the face of high inflation.MongoDB  – MongoDB shares slumped 16.8% in premarket trading after the cloud computing company predicted a wider-than-expected loss for the second half of the year. MongoDB reported a smaller loss in its most recent quarter than analysts anticipated, and revenue beat forecasts as well.Nvidia  – Nvidia slid 4.3% in the premarket after the graphics chip maker warned it expects a sales hit of as much as $400 million from new U.S. licensing requirements. Those rules will impose restrictions on shipments of its most advanced chips to China. Advanced Micro Devices (AMD) said some of its chips would be impacted by those new requirements, and its stock fell 2.6% in off-hours trading.Market NewsU.S. Allows Nvidia to Do Exports, Transfers Needed to Develop Its AI ChipNvidia Corp said on Thursday that the U.S. government has allowed exports and in-country transfers needed to develop the company's H100 artificial intelligence chip.The government has also authorized Nvidia to fulfill orders of the A100 and H100 AI chips via its Hong Kong facility through Sept. 1, 2023.UK Watchdog to Further Probe Microsoft's $68.7 Billion Activision DealBritain's competition regulator said Microsoft Corp's acquisition of \"Call of Duty\" maker Activision Blizzard Inc it will refer the $68.7 billion deal for an in-depth investigation.The Competition and Markets Authority said the merger may substantially reduce competition in gaming consoles, multi-game subscription services and cloud gaming services.Tesla Model Y Begins Deliveries in SingaporeAfter launching in Singapore to much fanfare in July, Tesla’s Model Y has started local deliveries, with 10 Singaporean owners driving away with their new Model Y SUVs at Tesla’s Toa Payoh Experience Centre.The Model Y SUV is Tesla’s first SUV to be sold in Singapore, and marks the brand’s second official model here since arriving here a year ago with the Model 3.NIO Delivered 10,677 Vehicles in August 2022NIO delivered 10,677 vehicles in August 2022, representing an increase of 81.6% year-over-year. The deliveries consisted of 7,551 premium smart electric SUVs, and 3,126 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 238,626 as of August 31, 2022.Xpeng Says 9,578 Vehicles Delivered In August 2022XPeng recorded monthly deliveries in August of 9,578 Smart EVs, representing a 33% increase year-over-year. The Company delivered 90,085 Smart EVs in total for the first eight months in 2022, representing a 96% increase year-over-year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":133361375,"gmtCreate":1621700122797,"gmtModify":1704361590596,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/133361375","repostId":"2137906121","repostType":4,"repost":{"id":"2137906121","pubTimestamp":1621611396,"share":"https://www.laohu8.com/m/news/2137906121?lang=&edition=full","pubTime":"2021-05-21 23:36","market":"us","language":"en","title":"Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2137906121","media":"Motley Fool","summary":"Berkshire Hathaway has continued to reduce its stakes in banks.","content":"<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.</p>\n<p>\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"</p>\n<p>Let's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2da7d6438277757a73f9e626ebc6fc2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. All but eliminating Wells Fargo</h2>\n<p>Everyone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, <b>Wells Fargo</b> (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.</p>\n<p>This essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at <a href=\"https://laohu8.com/S/AONE\">one</a> point back in 2017, it was reportedly worth as much as $29 billion.</p>\n<p>But as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.</p>\n<p>The stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.</p>\n<h2>2. Dumping <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a></h2>\n<p>Last quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company <b>Synchrony Financial&nbsp;</b>(NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.</p>\n<p>While I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, <b>JPMorgan Chase</b>, and loaded up on America's second-largest bank, <b>Bank of America</b>.</p>\n<p>Considering that Buffett already has a huge position in <b>American <a href=\"https://laohu8.com/S/EXPR\">Express</a></b>, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.</p>\n<h2>3. Trimming U.S. Bancorp again</h2>\n<p>Berkshire Hathaway also sold about 1.45 million shares of <b>U.S. Bancorp</b> (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in <b>PNC Financial Services Group</b>&nbsp;and&nbsp;<b>M&amp;T Bank</b>, in the fourth quarter of 2020.&nbsp;</p>\n<p>One possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. </p>\n<p>Overall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.</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>Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"USB":"美国合众银行","WFC":"富国银行","BRK.B":"伯克希尔B","SYF":"Synchrony Financial","BRK.A":"伯克希尔"},"source_url":"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137906121","content_text":"Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.\n\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"\nLet's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.\nImage source: Getty Images.\n1. All but eliminating Wells Fargo\nEveryone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, Wells Fargo (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.\nThis essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at one point back in 2017, it was reportedly worth as much as $29 billion.\nBut as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.\nThe stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.\n2. Dumping Synchrony Financial\nLast quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company Synchrony Financial (NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.\nWhile I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, JPMorgan Chase, and loaded up on America's second-largest bank, Bank of America.\nConsidering that Buffett already has a huge position in American Express, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.\n3. Trimming U.S. Bancorp again\nBerkshire Hathaway also sold about 1.45 million shares of U.S. Bancorp (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in PNC Financial Services Group and M&T Bank, in the fourth quarter of 2020. \nOne possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. \nOverall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567067978989911","authorId":"3567067978989911","name":"Nichktan","avatar":"https://static.tigerbbs.com/73a93daf14236dfaeabaf3ea0b82fe4d","crmLevel":2,"crmLevelSwitch":0},"content":"Like And comment pls","text":"Like And comment pls","html":"Like And comment pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885434000,"gmtCreate":1631810000100,"gmtModify":1676530643051,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/885434000","repostId":"2167651799","repostType":4,"repost":{"id":"2167651799","pubTimestamp":1631806223,"share":"https://www.laohu8.com/m/news/2167651799?lang=&edition=full","pubTime":"2021-09-16 23:30","market":"us","language":"en","title":"3 Ultra-Popular Stocks With 81% to 98% Downside, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2167651799","media":"Motley Fool","summary":"Certain analysts and investment banks see these stocks losing a majority of their value.","content":"<p>A quick look at the long-term chart of the benchmark <b>S&amp;P 500</b> will demonstrate to any investor that optimism is rewarded over the long run. However, just because the broader market indexes head higher over time, it doesn't mean all stocks will be winners -- and Wall Street knows it.</p>\n<p>Although a vast majority of Wall Street ratings and price targets on publicly traded companies portend upside, some analysts see nothing short of calamity in the months and years that lie ahead for some of the most popular stocks. Based on the lowest Wall Street price target, the following three ultra-popular stocks could tumble between 81% and 98%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4445b731e2c9c6acb2e5395056b6719\" tg-width=\"700\" tg-height=\"524\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>Moderna: Implied downside of 81%</h2>\n<p>Biotech stock <b>Moderna</b> (NASDAQ:MRNA) has been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the fastest-growing and most successful investments since the beginning of 2020. However, Leerink Partners analyst Mani Foroohar sees things differently. Foroohar and Leerink have stuck by their sell rating and $85 price target on the company as it's soared. If Moderna were to fall back to $85, it would shed 81% of its value.</p>\n<p>On one hand, Moderna has been practically unstoppable, thanks to the successful development of mRNA-1273, one of the coronavirus disease 2019 (COVID-19) vaccines to receive emergency-use authorization in the United States. In late-stage clinical studies released last November, Moderna's two-dose regimen of mRNA-1273 led to a vaccine efficacy (VE) of 94.1%. Even though recent studies have shown that VE wanes over time, the initial VE offered by mRNA-1273 has made it one of the two most-popular inoculation options in developed markets.</p>\n<p>Also working in Moderna's favor is the possibility that COVID-19 vaccines could become a recurring/seasonal thing. Mutations and variations of COVID-19 make it increasingly likely that it'll become an endemic disease. Without the ability to rid COVID-19 from the U.S. and other countries, booster shots may be necessary to combat it. In other words, Moderna's one-hit wonder could become a regular revenue stream.</p>\n<p>On the other hand, mRNA-1273 is Moderna's only revenue-producing asset, and competition in the vaccine space is only destined to become more crowded. Even if Moderna's vaccine remains toward the top end in terms of efficacy, the sheer volume of doses that need to be administered globally will open the door to other successful drugmakers.</p>\n<p>While Leerink's price target is potentially too aggressive to the downside, Moderna does have a lot to prove with a $181 billion market cap and only one marketed drug.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F642857%2Flordstown-endurance-steve-burns-ceo.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Now-former CEO Steve Burns standing next to a prototype of the Endurance all-electric. pickup. Image source: Lordstown Motors.</span></p>\n<h2>Lordstown Motors: Implied downside of 84%</h2>\n<p>Over the next decade, electric vehicles (EVs) could be one of the fastest-growing industries in North America. But Wall Street isn't too keen on one EV manufacturer, in particular: <b>Lordstown Motors</b> (NASDAQ:RIDE).</p>\n<p>According to analyst Joseph Spak at RBC Capital, Lordstown is worthy of an underperform rating and a $1 price target. If this price target becomes a reality, Lordstown's shares will have fallen 84%.</p>\n<p>Whereas there was both a clear bull and bear argument to share about Moderna above, the same can't be said of Lordstown Motors. It's been nothing short of a disaster.</p>\n<p>In March, a number of allegations were levied against the company by short-side firm Hindenburg Research. Although a number of these allegations proved to be without merit, a committee formed by Lordstown's independent directors found that the company had exaggerated the number of pre-orders of its Endurance EV pickup. Both Lordstown's CEO Steve Burns and CFO Julio Rodriguez resigned in the wake of these findings.</p>\n<p>To make matters worse, Lordstown Motors may not have enough capital to survive the next year. It costs a pretty penny to build a new automaker from the ground up. Even though the company ended June with $366 million in cash, it reported a second-quarter loss of $108 million.</p>\n<p>The real issue, as my auto-focused colleague John Rosevear notes, is that the company's Endurance pickup isn't anywhere close to being on schedule. Lordstown will probably see Endurance deliveries to customers commence in the second quarter of 2022, which doesn't exactly align with the idea put forward by the company that production would begin in September.</p>\n<p>With few avenues to raise cash and lukewarm demand for Endurance, a $1 price target may even prove too generous.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15eab863c856018bec9ca4a17856fe6d\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>AMC Entertainment: Implied downside of 98%</h2>\n<p>And then there was meme stock kingpin <b>AMC Entertainment</b> (NYSE:AMC). AMC shouldn't be a surprise on this list, as the most bullish investment bank on Wall Street sees the company losing nearly 70% of its value, as of this past weekend. On the other end of the spectrum, Alan Gould at Loop Capital foresees AMC eventually heading back to $1 a share. That would be a decline of 98%, for those of you keeping score at home.</p>\n<p>The reason AMC has shot out of a cannon and pushed well beyond Wall Street's collective price targets is the unwavering support of retail investors who believe it'll undergo another short squeeze. This is a very short-term event whereby pessimists who are betting against a stock (i.e., short-sellers) run for the exit at the same time. Since short-sellers have to buy shares to cover their short positions, it can cause a rising stock price to briefly go parabolic.</p>\n<p>But as Gould and other analysts have noted with AMC, the numbers don't add up. While it's impossible to pinpoint when emotion will stop being the driving force behind AMC, the operating performance of a company and its balance sheet always dictate the long-term price performance of a company's stock. In this respect, the movie-theater industry has been in a nearly two-decade decline, with streaming services siphoning off moviegoers and AMC building up share in an industry where the proverbial pie is getting smaller.</p>\n<p>The far greater concern for AMC is the amount of leverage it took on to survive the pandemic. Although the company ended June with $2.023 billion in liquidity ($1.81 billion of which is cash), it's also sitting on nearly $5.5 billion in corporate debt, $420 million in deferred rent, and close to $4.9 billion in lease liabilities.</p>\n<p>By the end of 2023, the company expects to lay out $2.51 billion, at minimum, for lease liabilities and will likely have to repay its $420 million in back rent. That's $2.9 billion in upcoming payments over a 30-month period for a company that's still burning cash and has only $2 billion in liquidity.</p>\n<p>To boot, AMC's retail investors won't approve any additional share offerings, leaving the company with no avenues to further raise capital. As with Lordstown, even a $1 price target might be generous when given enough time.</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>3 Ultra-Popular Stocks With 81% to 98% Downside, According to Wall Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Ultra-Popular Stocks With 81% to 98% Downside, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/16/3-ultra-popular-stocks-with-81-to-98-downside/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A quick look at the long-term chart of the benchmark S&P 500 will demonstrate to any investor that optimism is rewarded over the long run. However, just because the broader market indexes head higher ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/16/3-ultra-popular-stocks-with-81-to-98-downside/\">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","MRNA":"Moderna, Inc."},"source_url":"https://www.fool.com/investing/2021/09/16/3-ultra-popular-stocks-with-81-to-98-downside/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167651799","content_text":"A quick look at the long-term chart of the benchmark S&P 500 will demonstrate to any investor that optimism is rewarded over the long run. However, just because the broader market indexes head higher over time, it doesn't mean all stocks will be winners -- and Wall Street knows it.\nAlthough a vast majority of Wall Street ratings and price targets on publicly traded companies portend upside, some analysts see nothing short of calamity in the months and years that lie ahead for some of the most popular stocks. Based on the lowest Wall Street price target, the following three ultra-popular stocks could tumble between 81% and 98%.\nImage source: Getty Images.\nModerna: Implied downside of 81%\nBiotech stock Moderna (NASDAQ:MRNA) has been one of the fastest-growing and most successful investments since the beginning of 2020. However, Leerink Partners analyst Mani Foroohar sees things differently. Foroohar and Leerink have stuck by their sell rating and $85 price target on the company as it's soared. If Moderna were to fall back to $85, it would shed 81% of its value.\nOn one hand, Moderna has been practically unstoppable, thanks to the successful development of mRNA-1273, one of the coronavirus disease 2019 (COVID-19) vaccines to receive emergency-use authorization in the United States. In late-stage clinical studies released last November, Moderna's two-dose regimen of mRNA-1273 led to a vaccine efficacy (VE) of 94.1%. Even though recent studies have shown that VE wanes over time, the initial VE offered by mRNA-1273 has made it one of the two most-popular inoculation options in developed markets.\nAlso working in Moderna's favor is the possibility that COVID-19 vaccines could become a recurring/seasonal thing. Mutations and variations of COVID-19 make it increasingly likely that it'll become an endemic disease. Without the ability to rid COVID-19 from the U.S. and other countries, booster shots may be necessary to combat it. In other words, Moderna's one-hit wonder could become a regular revenue stream.\nOn the other hand, mRNA-1273 is Moderna's only revenue-producing asset, and competition in the vaccine space is only destined to become more crowded. Even if Moderna's vaccine remains toward the top end in terms of efficacy, the sheer volume of doses that need to be administered globally will open the door to other successful drugmakers.\nWhile Leerink's price target is potentially too aggressive to the downside, Moderna does have a lot to prove with a $181 billion market cap and only one marketed drug.\nNow-former CEO Steve Burns standing next to a prototype of the Endurance all-electric. pickup. Image source: Lordstown Motors.\nLordstown Motors: Implied downside of 84%\nOver the next decade, electric vehicles (EVs) could be one of the fastest-growing industries in North America. But Wall Street isn't too keen on one EV manufacturer, in particular: Lordstown Motors (NASDAQ:RIDE).\nAccording to analyst Joseph Spak at RBC Capital, Lordstown is worthy of an underperform rating and a $1 price target. If this price target becomes a reality, Lordstown's shares will have fallen 84%.\nWhereas there was both a clear bull and bear argument to share about Moderna above, the same can't be said of Lordstown Motors. It's been nothing short of a disaster.\nIn March, a number of allegations were levied against the company by short-side firm Hindenburg Research. Although a number of these allegations proved to be without merit, a committee formed by Lordstown's independent directors found that the company had exaggerated the number of pre-orders of its Endurance EV pickup. Both Lordstown's CEO Steve Burns and CFO Julio Rodriguez resigned in the wake of these findings.\nTo make matters worse, Lordstown Motors may not have enough capital to survive the next year. It costs a pretty penny to build a new automaker from the ground up. Even though the company ended June with $366 million in cash, it reported a second-quarter loss of $108 million.\nThe real issue, as my auto-focused colleague John Rosevear notes, is that the company's Endurance pickup isn't anywhere close to being on schedule. Lordstown will probably see Endurance deliveries to customers commence in the second quarter of 2022, which doesn't exactly align with the idea put forward by the company that production would begin in September.\nWith few avenues to raise cash and lukewarm demand for Endurance, a $1 price target may even prove too generous.\nImage source: Getty Images.\nAMC Entertainment: Implied downside of 98%\nAnd then there was meme stock kingpin AMC Entertainment (NYSE:AMC). AMC shouldn't be a surprise on this list, as the most bullish investment bank on Wall Street sees the company losing nearly 70% of its value, as of this past weekend. On the other end of the spectrum, Alan Gould at Loop Capital foresees AMC eventually heading back to $1 a share. That would be a decline of 98%, for those of you keeping score at home.\nThe reason AMC has shot out of a cannon and pushed well beyond Wall Street's collective price targets is the unwavering support of retail investors who believe it'll undergo another short squeeze. This is a very short-term event whereby pessimists who are betting against a stock (i.e., short-sellers) run for the exit at the same time. Since short-sellers have to buy shares to cover their short positions, it can cause a rising stock price to briefly go parabolic.\nBut as Gould and other analysts have noted with AMC, the numbers don't add up. While it's impossible to pinpoint when emotion will stop being the driving force behind AMC, the operating performance of a company and its balance sheet always dictate the long-term price performance of a company's stock. In this respect, the movie-theater industry has been in a nearly two-decade decline, with streaming services siphoning off moviegoers and AMC building up share in an industry where the proverbial pie is getting smaller.\nThe far greater concern for AMC is the amount of leverage it took on to survive the pandemic. Although the company ended June with $2.023 billion in liquidity ($1.81 billion of which is cash), it's also sitting on nearly $5.5 billion in corporate debt, $420 million in deferred rent, and close to $4.9 billion in lease liabilities.\nBy the end of 2023, the company expects to lay out $2.51 billion, at minimum, for lease liabilities and will likely have to repay its $420 million in back rent. That's $2.9 billion in upcoming payments over a 30-month period for a company that's still burning cash and has only $2 billion in liquidity.\nTo boot, AMC's retail investors won't approve any additional share offerings, leaving the company with no avenues to further raise capital. As with Lordstown, even a $1 price target might be generous when given enough time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896097989,"gmtCreate":1628528371541,"gmtModify":1703507680879,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/896097989","repostId":"1178202513","repostType":4,"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186520627,"gmtCreate":1623512623769,"gmtModify":1704205350222,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/186520627","repostId":"1133871419","repostType":4,"repost":{"id":"1133871419","pubTimestamp":1623469680,"share":"https://www.laohu8.com/m/news/1133871419?lang=&edition=full","pubTime":"2021-06-12 11:48","market":"us","language":"en","title":"Five Charts That Show How Much the Crypto Space Just Slowed Down","url":"https://stock-news.laohu8.com/highlight/detail?id=1133871419","media":"Bloomberg","summary":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last fe","content":"<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.</p>\n<p>But other metrics are in decline as well lately.&nbsp;Looking at&nbsp;the data dashboard published by the news and research site The Block, here are five other&nbsp;indicators of the recent market slowdown.</p>\n<p>First, exchange volumes have&nbsp;dropped precipitously in recent weeks after a massive surge to start the year.</p>\n<p><img src=\"https://static.tigerbbs.com/fdbb9505cb642bf015d4bf16cd0eb42a\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">Next, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.</p>\n<p><img src=\"https://static.tigerbbs.com/26f80455b1f9a93763b717075afa1bf3\" tg-width=\"800\" tg-height=\"324\" referrerpolicy=\"no-referrer\">Photographer: The Block</p>\n<p>Trading in NFTs has come&nbsp;down (though it’s still a massively bigger space than it was last year.)</p>\n<p><img src=\"https://static.tigerbbs.com/f64ecd0cf2f897669aac0783ffa24fc6\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>On social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.</p>\n<p><img src=\"https://static.tigerbbs.com/83c6a1861a2e1903b1af47943d935e7c\" tg-width=\"800\" tg-height=\"322\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>And finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.</p>\n<p><img src=\"https://static.tigerbbs.com/c5edc226a824195b7c847942c657073e\" tg-width=\"800\" tg-height=\"325\" referrerpolicy=\"no-referrer\">The Block</p>","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>Five Charts That Show How Much the Crypto Space Just Slowed Down</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\">\nFive Charts That Show How Much the Crypto Space Just Slowed Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133871419","content_text":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.\nBut other metrics are in decline as well lately. Looking at the data dashboard published by the news and research site The Block, here are five other indicators of the recent market slowdown.\nFirst, exchange volumes have dropped precipitously in recent weeks after a massive surge to start the year.\nNext, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.\nPhotographer: The Block\nTrading in NFTs has come down (though it’s still a massively bigger space than it was last year.)\nThe Block\nOn social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.\nThe Block\nAnd finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.\nThe Block","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131993292,"gmtCreate":1621819847616,"gmtModify":1704362730004,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/131993292","repostId":"2137827351","repostType":4,"repost":{"id":"2137827351","pubTimestamp":1621788339,"share":"https://www.laohu8.com/m/news/2137827351?lang=&edition=full","pubTime":"2021-05-24 00:45","market":"us","language":"en","title":"Inflation data, consumer confidence: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2137827351","media":"Yahoo Finance","summary":"Investors this week are poised to receive a number of key economic data reports offering the latest ","content":"<p>Investors this week are poised to receive a number of key economic data reports offering the latest look at the state of inflation in the U.S., with investors and consumers alike jittery at the prospects of rising prices during the post-pandemic recovery.</p><p>The U.S. Bureau of Economic Analysis will release its April personal consumption expenditures (PCE) index on Friday. The print is expected to show a rise of 3.5% in April over last year for the biggest increase since 2008, according to Bloomberg consensus data. This would also accelerate after a year-on-year jump of 2.3% in March. On a month-over-month basis, the PCE likely increased by 0.6%, accelerating after a 0.5% increase during the prior month.</p><p>Stripping away volatile food and energy prices, the so-called core PCE is expected to have increased by 2.9% in April over last year, which would be the largest jump in more than two decades.</p><p>Though the core PCE serves as the Federal Reserve's preferred inflation gauge, the expected surge in this week's inflation reports are unlikely to provoke immediate concern for the central bank. Federal Reserve Chair Jerome Powell has said repeatedly he believes inflationary pressures this year will be \"transitory,\" largely reflecting base effects as this year's data lap last year's pandemic-depressed levels. And for years previously, inflation ran well below the central bank's targeted levels.</p><p>In the words of the central bank's latest monetary policy statement, Federal Open Market Committee members wrote, \"With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over time and longer‑term inflation expectations remain well anchored at 2%.\" In other words, the Fed has suggested monetary policy would remain as is — with interest rates near zero and the Fed's asset purchases taking place at a rate of $120 billion per month — as the economic recovery out of the pandemic progresses.</p><p>Still, the market has suggested it might need more convincing before agreeing that the jump in inflation will not be long-lasting or prompt a change in the Fed's current ultra-accommodative monetary policy positioning. Longer-duration assets like growth and technology stocks have especially come under pressure in recent months amid inflationary concerns, given prospects that higher rates might undercut future earnings potential. The information technology sector has sharply underperformed the broader S&amp;P 500 so far this year, reversing course after outperforming strongly in 2020.</p><p><img src=\"https://s.yimg.com/os/creatr-uploaded-images/2021-05/0dd5d170-bb4b-11eb-aaed-1d008e6a3a00\" tg-width=\"4660\" tg-height=\"3062\" referrerpolicy=\"no-referrer\">SAN FRANCISCO, CALIFORNIA - APRIL 15: A pedestrian carries a shopping bag as he walks through the Union Square shopping district on April 15, 2021 in San Francisco, California. According to a report by the U.S. Commerce Department, retail sales surged 9.8 percent in March as Americans started to spend $1,400 government stimulus checks. (Photo by Justin Sullivan/Getty Images)Justin Sullivan via Getty Images</p><p>\"Markets have basically made inflation the battleground issue for determining whether or not it's really this rotation trade that'll win out the rest of this year, or whether it's the tech and growth stocks that won out last year,\" James Liu, Clearnomics founder and CEO, told Yahoo Finance last week. \"You've seen this bounce back and forth throughout the course of this year.\"</p><p>Heading into this week's PCE report, a number of other inflation prints have also exceeded expectations, pointing to an increase in both consumer and producer prices. Government data showed that headline consumer prices surged by a faster than expected 4.2% last month. Excluding food and energy, prices jumped 0.9% in April and were up 3.0% over the year. And producer prices also came in higher than expected, with core producer prices rising 4.1% in April over last year versus the 3.8% increase expected. These stronger-than-expected increases could portend some upside risk to this week's PCE print, some economists suggested.</p><p>\"The April CPI data were stronger than our expectation, suggesting a more front-loaded impact from transitory factors, pressure from semiconductor shortages and the resurgence of demand for sectors affected by the pandemic,\" Nomura Chief Economist Lewis Alexander wrote in a note Friday. \"Given that the core PCE price index is a chain-weighted index, an expected rise in spending for COVID-sensitive services could amplify the magnitude of corresponding prices.\"</p><h3>Consumer confidence</h3><p>Updated readings on sentiment among consumers are also due for release this week.</p><p>On Main Street, consumers have also observed rising prices. Inflation concerns have weighed on sentiment even as COVID-19 cases drop and more businesses reopen following widespread vaccinations.</p><p>\"Consumers have taken notice of rising inflation, as evidenced by Google Trends and the University of Michigan survey,\" Bank of America economist Michelle Meyer wrote in a note, referring to the University of Michigan's Surveys of Consumers. \"The expectation is increasingly for higher inflation, even if dominated by transitory stories, and we believe there is risk for further upside in the near term. But, over the medium term, we expect expectations to cool alongside the core inflation trajectory, albeit to a higher trend.\"</p><p>In the University of Michigan's preliminary May consumer sentiment survey, the headline index tumbled to 82.8 from 88.3 in April, \"due to higher inflation—the highest expected year-ahead inflation rate as well as the highest long term inflation rate in the past decade,\" Richard Curtin, chief economist for the University of Michigan's Surveys of Consumers, wrote in a note at the time. However, he added that \"consumer spending will still advance despite higher prices due to pent-up demand and record saving balances.\"</p><p>The University of Michigan's final May sentiment print due for release on Friday is expected to firm slightly to 83.0.</p><p>Other sentiment surveys will likely show similar dips for May, due in part to rising price pressures. The Conference Board's closely watched Consumer Confidence Index will be released on Tuesday, and is expected to dip to 118.9 in May from 121.7 in April. That had, in turn, been the highest reading since February 2020, or before COVID-19 cases began to surge in the U.S. last year.</p><h3>Earnings calendar</h3><ul><li><p><b>Monday: </b><a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors Corp.</a> (RIDE) after market close</p></li><li><p><b>Tuesday: </b>AutoZone (AZO) before market open; Intuit (INTU), Nordstrom (JWN), Zscaler (ZS), Agilent Technologies (A) after market close</p></li><li><p><b>Wednesday: </b>Dick's Sporting Goods (DKS), Abercrombie &amp; Fitch (ANF) before market open; American Eagle Outfitters (AEO), Nvidia (NVDA), Okta (OKTA), <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> (SNOW), <a href=\"https://laohu8.com/S/WDAY\">Workday</a> (WDAY), Williams-Sonoma (WSM) after market close</p></li><li><p><b>Thursday: </b>Best Buy (BBY), Dollar General (DG) before market open; Costco (COST), The Gap (GPS), VMWare (VMW), Box (BOX), Autodesk (ADSK), HP Inc (HPQ), <a href=\"https://laohu8.com/S/CRM\">Salesforce</a>.com Inc. (CRM), Dell (DELL), Ulta Beauty (ULTA) after market close</p></li><li><p><b>Friday: </b>N/A</p><p style=\"text-align:left;\"><img src=\"https://static.tigerbbs.com/ea494c0a9625f3a17a1306a1f1525dab\" tg-width=\"1472\" tg-height=\"594\" referrerpolicy=\"no-referrer\"></p></li></ul><h3>Economic calendar</h3><ul><li><p><b>Monday: </b>Chicago Fed National Activity Index, April (1.1 expected, 1.7 in March)</p></li><li><p><b>Tuesday: </b>FHFA House Price Index, month-over-month, March (1.3% expected, 0.9% in February); S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller 20-City Composite Index, month-over-month, March (1.33% expected, 1.17% in February); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, year-over-year, March (12.55% expected, 11.94% in February); New home sales, April (950,000 expected, 1.021 million in March); Conference Board Consumer Confidence, May (118.9 expected, 121.7 in April); Richmond Fed. Manufacturing Index, May (18 expected, 17 in April)</p></li><li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended May 21 (1.2% during prior week)</p></li><li><p><b>Thursday: </b>Durable goods orders, April preliminary (0.8% expected, 0.8% in March); Durable goods orders excluding transportation, April preliminary (0.7% expected, 1.9% in March); Non-defense capital goods orders excluding aircraft, April preliminary (1.0% expected, 1.2% in March); GDP annualized quarter-over-quarter, Q1 second print (6.5% expected, 6.4% in first print); Personal consumption, Q1 second print (10.9% expected, 10.7% in first print); Core personal consumptions expenditures, quarter-over-quarter, Q1 second print (2.3% expected, 2.3% in prior print); Initial jobless claims, week ended May 22 (425,000 expected, 444,000 during prior week); Continuing claims, week ended May 15 (3.751 million during prior week); Pending home sales, month-over-month, April (0.5% expected, 1.9% in March); Kansas City Fed Manufacturing Activity Index, May (29 expected, 31 in April)</p></li><li><p><b>Friday: </b>Wholesale inventories, month-over-month, April preliminary (1.1% expected, 1.3% in March); Personal income, April (-14.8% expected, 21.5% in March); Personal spending, April (0.5% expected, 4.2% in March); PCE Deflator, year-over-year, April (3.5% expected, 2.3% in March); PCE Deflator, month-over-month, April (0.6% expected, 0.5% in March); MNI Chicago PMI, May (69.0 expected, 72.1 in April); University of Michigan Sentiment, May final (83.0 expected, 82.8 in prior print)</p></li></ul>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inflation data, consumer confidence: What to know 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; 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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\">\nInflation data, consumer confidence: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 00:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/inflation-data-consumer-confidence-what-to-know-this-week-164539544.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors this week are poised to receive a number of key economic data reports offering the latest look at the state of inflation in the U.S., with investors and consumers alike jittery at the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/inflation-data-consumer-confidence-what-to-know-this-week-164539544.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/inflation-data-consumer-confidence-what-to-know-this-week-164539544.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2137827351","content_text":"Investors this week are poised to receive a number of key economic data reports offering the latest look at the state of inflation in the U.S., with investors and consumers alike jittery at the prospects of rising prices during the post-pandemic recovery.The U.S. Bureau of Economic Analysis will release its April personal consumption expenditures (PCE) index on Friday. The print is expected to show a rise of 3.5% in April over last year for the biggest increase since 2008, according to Bloomberg consensus data. This would also accelerate after a year-on-year jump of 2.3% in March. On a month-over-month basis, the PCE likely increased by 0.6%, accelerating after a 0.5% increase during the prior month.Stripping away volatile food and energy prices, the so-called core PCE is expected to have increased by 2.9% in April over last year, which would be the largest jump in more than two decades.Though the core PCE serves as the Federal Reserve's preferred inflation gauge, the expected surge in this week's inflation reports are unlikely to provoke immediate concern for the central bank. Federal Reserve Chair Jerome Powell has said repeatedly he believes inflationary pressures this year will be \"transitory,\" largely reflecting base effects as this year's data lap last year's pandemic-depressed levels. And for years previously, inflation ran well below the central bank's targeted levels.In the words of the central bank's latest monetary policy statement, Federal Open Market Committee members wrote, \"With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over time and longer‑term inflation expectations remain well anchored at 2%.\" In other words, the Fed has suggested monetary policy would remain as is — with interest rates near zero and the Fed's asset purchases taking place at a rate of $120 billion per month — as the economic recovery out of the pandemic progresses.Still, the market has suggested it might need more convincing before agreeing that the jump in inflation will not be long-lasting or prompt a change in the Fed's current ultra-accommodative monetary policy positioning. Longer-duration assets like growth and technology stocks have especially come under pressure in recent months amid inflationary concerns, given prospects that higher rates might undercut future earnings potential. The information technology sector has sharply underperformed the broader S&P 500 so far this year, reversing course after outperforming strongly in 2020.SAN FRANCISCO, CALIFORNIA - APRIL 15: A pedestrian carries a shopping bag as he walks through the Union Square shopping district on April 15, 2021 in San Francisco, California. According to a report by the U.S. Commerce Department, retail sales surged 9.8 percent in March as Americans started to spend $1,400 government stimulus checks. (Photo by Justin Sullivan/Getty Images)Justin Sullivan via Getty Images\"Markets have basically made inflation the battleground issue for determining whether or not it's really this rotation trade that'll win out the rest of this year, or whether it's the tech and growth stocks that won out last year,\" James Liu, Clearnomics founder and CEO, told Yahoo Finance last week. \"You've seen this bounce back and forth throughout the course of this year.\"Heading into this week's PCE report, a number of other inflation prints have also exceeded expectations, pointing to an increase in both consumer and producer prices. Government data showed that headline consumer prices surged by a faster than expected 4.2% last month. Excluding food and energy, prices jumped 0.9% in April and were up 3.0% over the year. And producer prices also came in higher than expected, with core producer prices rising 4.1% in April over last year versus the 3.8% increase expected. These stronger-than-expected increases could portend some upside risk to this week's PCE print, some economists suggested.\"The April CPI data were stronger than our expectation, suggesting a more front-loaded impact from transitory factors, pressure from semiconductor shortages and the resurgence of demand for sectors affected by the pandemic,\" Nomura Chief Economist Lewis Alexander wrote in a note Friday. \"Given that the core PCE price index is a chain-weighted index, an expected rise in spending for COVID-sensitive services could amplify the magnitude of corresponding prices.\"Consumer confidenceUpdated readings on sentiment among consumers are also due for release this week.On Main Street, consumers have also observed rising prices. Inflation concerns have weighed on sentiment even as COVID-19 cases drop and more businesses reopen following widespread vaccinations.\"Consumers have taken notice of rising inflation, as evidenced by Google Trends and the University of Michigan survey,\" Bank of America economist Michelle Meyer wrote in a note, referring to the University of Michigan's Surveys of Consumers. \"The expectation is increasingly for higher inflation, even if dominated by transitory stories, and we believe there is risk for further upside in the near term. But, over the medium term, we expect expectations to cool alongside the core inflation trajectory, albeit to a higher trend.\"In the University of Michigan's preliminary May consumer sentiment survey, the headline index tumbled to 82.8 from 88.3 in April, \"due to higher inflation—the highest expected year-ahead inflation rate as well as the highest long term inflation rate in the past decade,\" Richard Curtin, chief economist for the University of Michigan's Surveys of Consumers, wrote in a note at the time. However, he added that \"consumer spending will still advance despite higher prices due to pent-up demand and record saving balances.\"The University of Michigan's final May sentiment print due for release on Friday is expected to firm slightly to 83.0.Other sentiment surveys will likely show similar dips for May, due in part to rising price pressures. The Conference Board's closely watched Consumer Confidence Index will be released on Tuesday, and is expected to dip to 118.9 in May from 121.7 in April. That had, in turn, been the highest reading since February 2020, or before COVID-19 cases began to surge in the U.S. last year.Earnings calendarMonday: Lordstown Motors Corp. (RIDE) after market closeTuesday: AutoZone (AZO) before market open; Intuit (INTU), Nordstrom (JWN), Zscaler (ZS), Agilent Technologies (A) after market closeWednesday: Dick's Sporting Goods (DKS), Abercrombie & Fitch (ANF) before market open; American Eagle Outfitters (AEO), Nvidia (NVDA), Okta (OKTA), Snowflake (SNOW), Workday (WDAY), Williams-Sonoma (WSM) after market closeThursday: Best Buy (BBY), Dollar General (DG) before market open; Costco (COST), The Gap (GPS), VMWare (VMW), Box (BOX), Autodesk (ADSK), HP Inc (HPQ), Salesforce.com Inc. (CRM), Dell (DELL), Ulta Beauty (ULTA) after market closeFriday: N/AEconomic calendarMonday: Chicago Fed National Activity Index, April (1.1 expected, 1.7 in March)Tuesday: FHFA House Price Index, month-over-month, March (1.3% expected, 0.9% in February); S&P CoreLogic Case-Shiller 20-City Composite Index, month-over-month, March (1.33% expected, 1.17% in February); S&P CoreLogic Case-Shiller 20-City Composite Index, year-over-year, March (12.55% expected, 11.94% in February); New home sales, April (950,000 expected, 1.021 million in March); Conference Board Consumer Confidence, May (118.9 expected, 121.7 in April); Richmond Fed. Manufacturing Index, May (18 expected, 17 in April)Wednesday: MBA Mortgage Applications, week ended May 21 (1.2% during prior week)Thursday: Durable goods orders, April preliminary (0.8% expected, 0.8% in March); Durable goods orders excluding transportation, April preliminary (0.7% expected, 1.9% in March); Non-defense capital goods orders excluding aircraft, April preliminary (1.0% expected, 1.2% in March); GDP annualized quarter-over-quarter, Q1 second print (6.5% expected, 6.4% in first print); Personal consumption, Q1 second print (10.9% expected, 10.7% in first print); Core personal consumptions expenditures, quarter-over-quarter, Q1 second print (2.3% expected, 2.3% in prior print); Initial jobless claims, week ended May 22 (425,000 expected, 444,000 during prior week); Continuing claims, week ended May 15 (3.751 million during prior week); Pending home sales, month-over-month, April (0.5% expected, 1.9% in March); Kansas City Fed Manufacturing Activity Index, May (29 expected, 31 in April)Friday: Wholesale inventories, month-over-month, April preliminary (1.1% expected, 1.3% in March); Personal income, April (-14.8% expected, 21.5% in March); Personal spending, April (0.5% expected, 4.2% in March); PCE Deflator, year-over-year, April (3.5% expected, 2.3% in March); PCE Deflator, month-over-month, April (0.6% expected, 0.5% in March); MNI Chicago PMI, May (69.0 expected, 72.1 in April); University of Michigan Sentiment, May final (83.0 expected, 82.8 in prior print)","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582447838936663","authorId":"3582447838936663","name":"Yv777","avatar":"https://static.tigerbbs.com/53c14349558dee59645251b483870b48","crmLevel":2,"crmLevelSwitch":0},"content":"please do same","text":"please do same","html":"please do same"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035778184,"gmtCreate":1647706313695,"gmtModify":1676534259736,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035778184","repostId":"2220777059","repostType":4,"repost":{"id":"2220777059","pubTimestamp":1647653153,"share":"https://www.laohu8.com/m/news/2220777059?lang=&edition=full","pubTime":"2022-03-19 09:25","market":"us","language":"en","title":"Sea Limited: The Three-Headed Monster","url":"https://stock-news.laohu8.com/highlight/detail?id=2220777059","media":"seekingalpha","summary":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but B","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Garena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.</li><li>In addition, Shopee&#39;s losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.</li><li>SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea&#39;s second cash cow.</li><li>With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion.</li><li>Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51b3290f2015840c5d8f754c01de8a85\" tg-width=\"750\" tg-height=\"422\" referrerpolicy=\"no-referrer\"/><span>undefined undefined/iStock via Getty Images</span></p><p>I&#39;ve been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I&#39;m doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let&#39;s get started!</p><p><b>Investment Thesis</b></p><p>Sea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company&#39;s slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee&#39;s losses are also getting worse.</p><p>The Group&#39;s cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.</p><p>On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea&#39;s second cash cow.</p><p>Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.</p><p>The three-headed monster is a Buy at these levels.</p><p><b>Value Proposition</b></p><p>Founded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.</p><blockquote><b>Mission</b>: To better the lives of consumers and small businesses with technology.</blockquote><p>Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea&#39;s main value proposition is providing a vertically-integrated experience through its different core businesses.</p><p><b>Garena</b></p><p>Its digital entertainment division, Garena, was Sea&#39;s first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.</p><p>Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena&#39;s Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s findings, Free Fire still holds the most downloads globally as of January 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa392753c19f14d60ee0d992e58c3d2f\" tg-width=\"1280\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>Garena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.</p><p>In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.</p><p><b>Shopee</b></p><p>Perhaps the most exciting business segment is Sea&#39;s mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6649de846b2942b928a3f3e5d4035003\" tg-width=\"640\" tg-height=\"200\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee</span></p><p>Through the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee&#39;s two premium shopping platforms, Shopee Mall and Shopee Premium.</p><p>Along with Shopee&#39;s e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:</p><ul><li><b>Service by Shopee</b> - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.</li><li><b>BuyerProtection</b> - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers&#39; funds in a separate account until delivery is complete, where funds will be released to buyers.</li><li><b>Integrated Logistics Services</b>- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.</li><li><b>Social Features</b> - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).</li><li><b>On-demand Services</b>- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).</li></ul><p>Shopee&#39;s scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee&#39;s most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f9c550b140720336e00cc78e954d184\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p><b>SeaMoney</b></p><p>SeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea&#39;s operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney&#39;s various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.</p><p>Through SeaMoney&#39;s mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a &#34;buy now pay later&#34; payment option, enables consumers to purchase items without accessing credit. For those who are interested, I&#39;ve written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.</p><p>SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c85c862195f86fe9d4f0f8c8beced6b\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SeaBank Website</span></p><p>SeaMoney&#39;s main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea&#39;s other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.</p><p><b>Market Opportunity</b></p><p>Sea&#39;s market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let&#39;s take a look at each industry that Sea operates in.</p><p>First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f72bda6df6bc2b7bdf8756d218f53185\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>According to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021&#39;s total figure. Given Garena&#39;s successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity&#39;s findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.</p><p>Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.</p><p>Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee&#39;s vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fcb903aed7c0ec901fc83c4f25f18b8\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.</p><p>Lastly, we have the fintech industry pertaining to SeaMoney. In my <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea&#39;s markets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47ec896a6208b6023ae89f654704bbc7\" tg-width=\"1261\" tg-height=\"706\" referrerpolicy=\"no-referrer\"/><span>Source: Ark Invest Big Ideas 2022</span></p><p>As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney&#39;s other brands will benefit from this trend. Also of important note, SeaMoney&#39;s expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0eb814b800c3121e3fb8cd0913f239d5\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.</p><p><b>Revenue Model</b></p><p>As mentioned previously, Sea operates three main business segments.</p><p><b>Digital Entertainment</b></p><p>Garena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.</p><p>Investors should take note of how revenue is recognized for this segment. According to Sea&#39;s 10-K:</p><blockquote>Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.</blockquote><p>Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.</p><blockquote>Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.</blockquote><p><b>E-commerce</b></p><p>Shopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.</p><p>Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.</p><p><b>Digital Financial Services</b></p><p>SeaMoney revenue consists of:</p><ul><li>Interest and fees from loans granted to commercial customers</li><li>Interest and fees from Sea&#39;s consumer credit business such as SPayLater</li><li>Commissions charged to merchants when a customer pays using SeaMoney&#39;s mobile wallet</li></ul><p><b>Income Statement</b></p><p>Let&#39;s analyze each of the business segments and then look at the entire Group as a whole.</p><p><b>Digital Entertainment</b></p><p>Garena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/998dfbcf3f3dba11b8f8722710c36ba4\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06de5e6066b66cd5596a445cd912c98\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3&#39;s QAUs of 729 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5bdd570a9eb859a9fef8569c9fad10a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3&#39;s 93 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/092c4a2f47b9336f2753b4548707b39f\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea&#39;s two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f28c9f35ee55afb5c7d170a80d26ebf2\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.</p><p><b>E-Commerce</b></p><p>Shopee GMV continues its upward march as e-commerce continues to gain traction in Shopee&#39;s existing and newer markets. However, we&#39;re also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f657f7cacc9e00bc57df0e913fdb9ae\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>GMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fbc7f044de03ec379f262a5bfcdf331\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27710dc2140a6d139900819f51bd688a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The faster growth in Revenue was due to Shopee&#39;s increasing take rate, which displays Shopee&#39;s ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e4267bc5d33a2153e8624f73ed71540\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Despite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9d27cef61bc9a9058233f7eccc5eaa1\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c0d6aa930a81ea4fc153b7134dbf9d3\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>On the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before &#34;allocation of the headquarters’ common expenses&#34; was $(0.15), an improvement from last year&#39;s $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:</p><blockquote>We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.</blockquote><p><b>Digital Financial Services</b></p><p>SeaMoney&#39;s Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fa5ef6efa513d9040963fda42b4b9f2\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9397aec066366f40ec92c24187347a44\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcaf6046cf3c27e00b233a8428eb2d75\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Furthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.</p><p>As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney&#39;s AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51f0d5a1800fef748694417e8cb8fc9f\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>This is the segment that investors should pay special attention to, given that it has the potential to be Sea&#39;s second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney&#39;s long-term margin profile.</p><p><b>Group</b></p><p>With that said, let&#39;s take a look at how the business is doing as a whole.</p><p>FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38de60bd773f3ef7afc4b2e28aa1c08f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Here, we can see how Revenue is distributed across the different segments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a86e59478db8a3a4fdc85897f24410e9\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>What&#39;s encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee&#39;s aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd978ba4047cc6e20ac6086ba8420a8f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Operating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbdbde2c2ae744f36f8168ed32f94d62\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Most of the Operating Expenses were used for Sales &amp; Marketing purposes. Unsurprisingly, Shopee had the highest S&amp;M burn rate. Discounts, cashback, celebrity promotions... they&#39;re everywhere.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5253f186120da17c4cd901e5c442bd1e\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Operating Profit Margins is still negative, although it is trending in the right direction.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a27b7833551107397c44acefc5ad2475\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA, on the other hand, is plunging. This is due to Garena&#39;s falling Bookings and Shoppe&#39;s widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d89fb95f74e23e85f8932870c0190bee\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021&#39;s number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.</p><p>On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena&#39;s estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae5e9399a838e5f841dcccaffbe673d8\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Because Garena is such an important piece of Shopee&#39;s and SeaMoney&#39;s growth story, a deceleration in Garena&#39;s business had investors reacting so negatively to Sea&#39;s latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.</p><p><b>Balance Sheet</b></p><p>Sea&#39;s balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc30ee494abc2eda3b75434b96e4a66b\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Adjusting for Sea&#39;s debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d3d0030e6518cc4198245f624cc75e1\" tg-width=\"640\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>With net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.</p><p><b>Cash Flow Statement</b></p><p>Here is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0aba061277a1410bb9f3dc176ea0115\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Unlike other high-flying growth companies, Sea&#39;s Share-Based Compensation expenses are relatively low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81fa229682c8880d6edd35535ef6a747\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p><b>Competitive Moats</b></p><p>Based on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.</p><p><b>Brand</b></p><p>As discussed in previous sections, Garena&#39;s games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.</p><p><b>Network Effects</b></p><p>The sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world&#39;s population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.</p><p>With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c641ac08707cc868b9e6004e2deaf950\" tg-width=\"1200\" tg-height=\"600\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee Brazil</span></p><p><b>Barriers To Entry</b></p><p>I believe each of Sea&#39;s core businesses is operating in a winner-takes-most environment with high barriers to entry.</p><p>The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena&#39;s Free Fire is certainly a blockbuster game and time in Free Fire&#39;s game means time away from other mobile games.</p><p>Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.</p><p>Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.</p><p><b>Valuation</b></p><p>Based on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2400cd917e5f6ce8c47ef74a8062093\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/><span>Source: Author&#39;s Analysis</span></p><p>On the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bed1fd805a89523bbb8fa982bee40079\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>In terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf589a808c84131e9c36aa7b65a5129\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>The valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.</p><p><b>Catalysts</b></p><ul><li><b>Successful International Expansion</b> — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee&#39;s growth could turn exponential.</li><li><b>The Metaverse</b> — Sea&#39;s withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.</li></ul><blockquote>We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.</blockquote><ul><li><b>Regional SuperApp</b> — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.</li><li><b>Continued Growth In SeaMoney</b> — SeaMoney is still in its early stages and continued adoption of Sea&#39;s digital financial services offerings will be a strong addition to Sea&#39;s bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.</li><li><b>Free Fire India Ban Lift</b>— Garena&#39;s weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea&#39;s cash burn problems may be eliminated.</li></ul><p><b>Risks</b></p><ul><li><b>The Pressure to Launch Blockbuster Games</b>— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.</li><li><b>Shopee India Ban</b> — With Free Fire banned in India, there&#39;s also the potential for Shoppe to be banned as well.</li><li><b>Failure to Gain Traction in International Markets</b>— Shopee pulled out of France in early March, an indication that Shoppe&#39;s business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.</li><li><b>Geopolitical Risks</b>— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.</li><li><b>Local Competition</b>— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.</li></ul><p>In addition, there&#39;s a certain level of pride for consumers to see their native-born companies succeed. I&#39;m Indonesian, and it makes me really happy to see GoTo grow and grow.</p><p>GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here&#39;s a glance of GoTo&#39;s stats for the 12-months ended 30 September 2021:</p><ul><li>Valuation: $26.2 billion to $28.8 billion</li><li>GMV: $28.8 billion</li><li>Revenue: $1 billion</li><li>Gross Orders: 2 billion</li><li>Annual Transacting Users: 55 million</li><li>Driver Partners: 2.5 million</li><li>Merchants: 14 million</li></ul><p>The point is that there are big-time local players operating in Sea&#39;s markets that investors should never ignore. Here&#39;s a little snippet from my previous Shopee article:</p><blockquote>But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.</blockquote><blockquote>Meanwhile, Sea Limited&#39;s stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo&#39;s integration, Shopee&#39;s vertically-integrated business model doesn&#39;t look like a strong competitive advantage anymore.</blockquote><p><b>Conclusion</b></p><p>Each of Sea&#39;s core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.</p><p>That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company&#39;s unsustainable cash burn rate, which will likely lead to further capital raises in the near future.</p><p>Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.</p><p>Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don&#39;t hesitate to share your thoughts as well.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: The Three-Headed Monster</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\">\nSea Limited: The Three-Headed Monster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-19 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2220777059","content_text":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea's second cash cow.With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion.Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.undefined undefined/iStock via Getty ImagesI've been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I'm doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let's get started!Investment ThesisSea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company's slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee's losses are also getting worse.The Group's cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea's second cash cow.Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.The three-headed monster is a Buy at these levels.Value PropositionFounded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.Mission: To better the lives of consumers and small businesses with technology.Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea's main value proposition is providing a vertically-integrated experience through its different core businesses.GarenaIts digital entertainment division, Garena, was Sea's first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena's Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor Tower's findings, Free Fire still holds the most downloads globally as of January 2022.Source: SensorTowerGarena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.ShopeePerhaps the most exciting business segment is Sea's mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.Source: ShopeeThrough the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee's two premium shopping platforms, Shopee Mall and Shopee Premium.Along with Shopee's e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:Service by Shopee - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.BuyerProtection - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers' funds in a separate account until delivery is complete, where funds will be released to buyers.Integrated Logistics Services- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.Social Features - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).On-demand Services- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).Shopee's scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee's most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.Source: SensorTowerSeaMoneySeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea's operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney's various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.Through SeaMoney's mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a \"buy now pay later\" payment option, enables consumers to purchase items without accessing credit. For those who are interested, I've written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.Source: SeaBank WebsiteSeaMoney's main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea's other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.Market OpportunitySea's market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let's take a look at each industry that Sea operates in.First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.Source: SensorTowerAccording to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021's total figure. Given Garena's successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity's findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee's vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.Source: e-Conomy SEA 2021Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.Lastly, we have the fintech industry pertaining to SeaMoney. In my PayPal (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea's markets.Source: Ark Invest Big Ideas 2022As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney's other brands will benefit from this trend. Also of important note, SeaMoney's expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.Source: e-Conomy SEA 2021As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.Revenue ModelAs mentioned previously, Sea operates three main business segments.Digital EntertainmentGarena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.Investors should take note of how revenue is recognized for this segment. According to Sea's 10-K:Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.E-commerceShopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.Digital Financial ServicesSeaMoney revenue consists of:Interest and fees from loans granted to commercial customersInterest and fees from Sea's consumer credit business such as SPayLaterCommissions charged to merchants when a customer pays using SeaMoney's mobile walletIncome StatementLet's analyze each of the business segments and then look at the entire Group as a whole.Digital EntertainmentGarena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.Source: Sea Limited Investor Relations and Author's AnalysisThe rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.Source: Sea Limited Investor Relations and Author's AnalysisThe drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3's QAUs of 729 million.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3's 93 million.Source: Sea Limited Investor Relations and Author's AnalysisThe markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea's two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.Source: Sea Limited Investor Relations and Author's AnalysisAs such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.E-CommerceShopee GMV continues its upward march as e-commerce continues to gain traction in Shopee's existing and newer markets. However, we're also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.Source: Sea Limited Investor Relations and Author's AnalysisGMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.Source: Sea Limited Investor Relations and Author's AnalysisThe increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.Source: Sea Limited Investor Relations and Author's AnalysisThe faster growth in Revenue was due to Shopee's increasing take rate, which displays Shopee's ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.Source: Sea Limited Investor Relations and Author's AnalysisDespite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).Source: Sea Limited Investor Relations and Author's AnalysisOn the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before \"allocation of the headquarters’ common expenses\" was $(0.15), an improvement from last year's $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.Digital Financial ServicesSeaMoney's Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.Source: Sea Limited Investor Relations and Author's AnalysisThe growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.Source: Sea Limited Investor Relations and Author's AnalysisThe real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.Source: Sea Limited Investor Relations and Author's AnalysisFurthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney's AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.Source: Sea Limited Investor Relations and Author's AnalysisThis is the segment that investors should pay special attention to, given that it has the potential to be Sea's second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney's long-term margin profile.GroupWith that said, let's take a look at how the business is doing as a whole.FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.Source: Sea Limited Investor Relations and Author's AnalysisHere, we can see how Revenue is distributed across the different segments.Source: Sea Limited Investor Relations and Author's AnalysisWhat's encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee's aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.Source: Sea Limited Investor Relations and Author's AnalysisOperating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.Source: Sea Limited Investor Relations and Author's AnalysisMost of the Operating Expenses were used for Sales & Marketing purposes. Unsurprisingly, Shopee had the highest S&M burn rate. Discounts, cashback, celebrity promotions... they're everywhere.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Operating Profit Margins is still negative, although it is trending in the right direction.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA, on the other hand, is plunging. This is due to Garena's falling Bookings and Shoppe's widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.Source: Sea Limited Investor Relations and Author's AnalysisThe guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021's number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena's estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.Source: Sea Limited FY2021 Q4 Investor PresentationBecause Garena is such an important piece of Shopee's and SeaMoney's growth story, a deceleration in Garena's business had investors reacting so negatively to Sea's latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.Balance SheetSea's balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.Source: Sea Limited FY2021 Q4 Investor PresentationAdjusting for Sea's debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.Source: Sea Limited Investor Relations and Author's AnalysisWith net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.Cash Flow StatementHere is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.Source: Sea Limited Investor Relations and Author's AnalysisUnlike other high-flying growth companies, Sea's Share-Based Compensation expenses are relatively low.Source: Sea Limited Investor Relations and Author's AnalysisCompetitive MoatsBased on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.BrandAs discussed in previous sections, Garena's games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.Network EffectsThe sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world's population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.Source: Shopee BrazilBarriers To EntryI believe each of Sea's core businesses is operating in a winner-takes-most environment with high barriers to entry.The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena's Free Fire is certainly a blockbuster game and time in Free Fire's game means time away from other mobile games.Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and MercadoLibre (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.ValuationBased on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.Source: Author's AnalysisOn the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.Source: KoyfinIn terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.Source: KoyfinThe valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.CatalystsSuccessful International Expansion — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee's growth could turn exponential.The Metaverse — Sea's withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.Regional SuperApp — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.Continued Growth In SeaMoney — SeaMoney is still in its early stages and continued adoption of Sea's digital financial services offerings will be a strong addition to Sea's bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.Free Fire India Ban Lift— Garena's weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea's cash burn problems may be eliminated.RisksThe Pressure to Launch Blockbuster Games— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.Shopee India Ban — With Free Fire banned in India, there's also the potential for Shoppe to be banned as well.Failure to Gain Traction in International Markets— Shopee pulled out of France in early March, an indication that Shoppe's business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.Geopolitical Risks— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.Local Competition— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.In addition, there's a certain level of pride for consumers to see their native-born companies succeed. I'm Indonesian, and it makes me really happy to see GoTo grow and grow.GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here's a glance of GoTo's stats for the 12-months ended 30 September 2021:Valuation: $26.2 billion to $28.8 billionGMV: $28.8 billionRevenue: $1 billionGross Orders: 2 billionAnnual Transacting Users: 55 millionDriver Partners: 2.5 millionMerchants: 14 millionThe point is that there are big-time local players operating in Sea's markets that investors should never ignore. Here's a little snippet from my previous Shopee article:But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.Meanwhile, Sea Limited's stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo's integration, Shopee's vertically-integrated business model doesn't look like a strong competitive advantage anymore.ConclusionEach of Sea's core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company's unsustainable cash burn rate, which will likely lead to further capital raises in the near future.Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don't hesitate to share your thoughts as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815518864,"gmtCreate":1630689991758,"gmtModify":1676530378144,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/815518864","repostId":"1196145266","repostType":4,"repost":{"id":"1196145266","pubTimestamp":1630682902,"share":"https://www.laohu8.com/m/news/1196145266?lang=&edition=full","pubTime":"2021-09-03 23:28","market":"us","language":"en","title":"Katapult stock pops after KeyBanc suggests potential for Amazon partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=1196145266","media":"seekingalpha","summary":"Katapult Holdings(NASDAQ:KPLT)shares are up over 16% after a KeyBanc Capital Markets research notes ","content":"<ul>\n <li>Katapult Holdings(NASDAQ:KPLT)shares are up over 16% after a KeyBanc Capital Markets research notes suggests the potential for an Amazon(NASDAQ:AMZN)partnership in the future.</li>\n <li>Late last year, Affirm(NASDAQ:AFRM)announced the integration of Katapult into Affirm Connect, the application for customers who don't receive approval for Affirm payments.</li>\n <li>Earlier this week, Affirm announced a new partnership with Amazon that allows customers tomake monthly payments on purchases over $50.</li>\n <li>\"Although Amazon is not currently testing Affirm Connect, it may do so in the near future,\" writes KeyBanc analyst Bradley Thomas.</li>\n <li>The Affirm tie-in increases the likelihood that Katapult and other rent-to-own providers will get an opportunity for Amazon's business, says Thomas.</li>\n <li>Recent news: Last month, Katapult shares fell after the company reported asurprise second-quarter loss.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Katapult stock pops after KeyBanc suggests potential for Amazon partnership</title>\n<style 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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\">\nKatapult stock pops after KeyBanc suggests potential for Amazon partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3737211-katapult-stock-pops-after-keybanc-suggests-potential-for-amazon-partnership><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Katapult Holdings(NASDAQ:KPLT)shares are up over 16% after a KeyBanc Capital Markets research notes suggests the potential for an Amazon(NASDAQ:AMZN)partnership in the future.\nLate last year, Affirm(...</p>\n\n<a href=\"https://seekingalpha.com/news/3737211-katapult-stock-pops-after-keybanc-suggests-potential-for-amazon-partnership\">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","KPLT":"Katapult Holdings, Inc."},"source_url":"https://seekingalpha.com/news/3737211-katapult-stock-pops-after-keybanc-suggests-potential-for-amazon-partnership","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1196145266","content_text":"Katapult Holdings(NASDAQ:KPLT)shares are up over 16% after a KeyBanc Capital Markets research notes suggests the potential for an Amazon(NASDAQ:AMZN)partnership in the future.\nLate last year, Affirm(NASDAQ:AFRM)announced the integration of Katapult into Affirm Connect, the application for customers who don't receive approval for Affirm payments.\nEarlier this week, Affirm announced a new partnership with Amazon that allows customers tomake monthly payments on purchases over $50.\n\"Although Amazon is not currently testing Affirm Connect, it may do so in the near future,\" writes KeyBanc analyst Bradley Thomas.\nThe Affirm tie-in increases the likelihood that Katapult and other rent-to-own providers will get an opportunity for Amazon's business, says Thomas.\nRecent news: Last month, Katapult shares fell after the company reported asurprise second-quarter loss.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124878162,"gmtCreate":1624760235756,"gmtModify":1703844577047,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/124878162","repostId":"1172710941","repostType":4,"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167382489,"gmtCreate":1624247311141,"gmtModify":1703831505199,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/167382489","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":7,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197726358,"gmtCreate":1621487607474,"gmtModify":1704358441418,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/197726358","repostId":"1126891253","repostType":4,"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194706992,"gmtCreate":1621398008616,"gmtModify":1704356980069,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/194706992","repostId":"2136999458","repostType":4,"repost":{"id":"2136999458","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":1621372003,"share":"https://www.laohu8.com/m/news/2136999458?lang=&edition=full","pubTime":"2021-05-19 05:06","market":"us","language":"en","title":"Wall Street closes lower on weak telecom stocks despite strong retail earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2136999458","media":"Reuters","summary":"May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks ","content":"<p>May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.</p><p>AT&amp;T Inc&nbsp;shed 5.8%, among the biggest percentage decliners in the benchmark S&amp;P 500. It extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc   .</p><p>T-Mobile&nbsp;and Verizon Communications    also dropped 3.71% and 1.31%.</p><p>Eight of 11 major S&amp;P sectors ended the session in the red,  with Energy    and Industrials    having largest percentage decline, according to Refinitiv data. Utilities were basically flat.</p><p>The three main indexes opened higher after Walmart, the world's biggest retailer   , raised its full-year earnings forecast and Home Depot    reported quarterly same-store sales above estimates.</p><p>\"Those are both emblematic of strength in the corporate sector and also of the consumer. I mean, you can't have Walmart and Home Depot have blowout earnings without the consumer really stepping up spending stimulus checks, adopting ecommerce, as well as getting back into stores\", said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"And a lot of the bull thesis for the market right now is still built on a really strong reopening of the economy.\"</p><p>Despite its strong results, Home Depot's shares went down 1.02%, under pressure due to the lack of a solid outlook and the housing data.</p><p>Latest data showed U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials.</p><p>Minutes from the Fed's April policy meeting will be parsed on Wednesday for the central bank's view of the economy.</p><p>\"The market is bracing for a transition,\" said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. \"So there's a little bit of de-risking going on.\"</p><p>Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the Federal Reserve to rein in its monetary support following a spike in volatility last week after strong inflation readings.</p><p>The Dow Jones Industrial Average    fell 267.13 points, or 0.78%, to 34,060.66, the S&amp;P 500    lost 35.46 points, or 0.85%, to 4,127.83 and the Nasdaq Composite    dropped 75.41 points, or 0.56%, to 13,303.64.</p><p>Fund managers recently trimmed their overweight positions on technology stocks to a three-year low as inflation worries left growth stocks vulnerable to a pullback, and turned overweight on UK stocks for the first time in seven years, a survey from Bank of America showed.</p><p>Volume on U.S. exchanges was 10.01 billion shares, compared with the 10.48 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 105 new highs and 50 new lows.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report</i></b></p><p><a href=\"https://laohu8.com/NW/2136994595\" target=\"_blank\">Take-Two stock rises following earnings beat</a></p><p><a href=\"https://laohu8.com/NW/2136994482\" target=\"_blank\">Trip.com rises 6% as first quarter brings surprise profit, revenue turnaround</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street closes lower on weak telecom stocks despite strong retail earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes lower on weak telecom stocks despite strong retail earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-19 05:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.</p><p>AT&amp;T Inc&nbsp;shed 5.8%, among the biggest percentage decliners in the benchmark S&amp;P 500. It extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc   .</p><p>T-Mobile&nbsp;and Verizon Communications    also dropped 3.71% and 1.31%.</p><p>Eight of 11 major S&amp;P sectors ended the session in the red,  with Energy    and Industrials    having largest percentage decline, according to Refinitiv data. Utilities were basically flat.</p><p>The three main indexes opened higher after Walmart, the world's biggest retailer   , raised its full-year earnings forecast and Home Depot    reported quarterly same-store sales above estimates.</p><p>\"Those are both emblematic of strength in the corporate sector and also of the consumer. I mean, you can't have Walmart and Home Depot have blowout earnings without the consumer really stepping up spending stimulus checks, adopting ecommerce, as well as getting back into stores\", said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"And a lot of the bull thesis for the market right now is still built on a really strong reopening of the economy.\"</p><p>Despite its strong results, Home Depot's shares went down 1.02%, under pressure due to the lack of a solid outlook and the housing data.</p><p>Latest data showed U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials.</p><p>Minutes from the Fed's April policy meeting will be parsed on Wednesday for the central bank's view of the economy.</p><p>\"The market is bracing for a transition,\" said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. \"So there's a little bit of de-risking going on.\"</p><p>Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the Federal Reserve to rein in its monetary support following a spike in volatility last week after strong inflation readings.</p><p>The Dow Jones Industrial Average    fell 267.13 points, or 0.78%, to 34,060.66, the S&amp;P 500    lost 35.46 points, or 0.85%, to 4,127.83 and the Nasdaq Composite    dropped 75.41 points, or 0.56%, to 13,303.64.</p><p>Fund managers recently trimmed their overweight positions on technology stocks to a three-year low as inflation worries left growth stocks vulnerable to a pullback, and turned overweight on UK stocks for the first time in seven years, a survey from Bank of America showed.</p><p>Volume on U.S. exchanges was 10.01 billion shares, compared with the 10.48 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 105 new highs and 50 new lows.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report</i></b></p><p><a href=\"https://laohu8.com/NW/2136994595\" target=\"_blank\">Take-Two stock rises following earnings beat</a></p><p><a href=\"https://laohu8.com/NW/2136994482\" target=\"_blank\">Trip.com rises 6% as first quarter brings surprise profit, revenue turnaround</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".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":"2136999458","content_text":"May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.AT&T Inc shed 5.8%, among the biggest percentage decliners in the benchmark S&P 500. It extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc   .T-Mobile and Verizon Communications    also dropped 3.71% and 1.31%.Eight of 11 major S&P sectors ended the session in the red,  with Energy    and Industrials    having largest percentage decline, according to Refinitiv data. Utilities were basically flat.The three main indexes opened higher after Walmart, the world's biggest retailer   , raised its full-year earnings forecast and Home Depot    reported quarterly same-store sales above estimates.\"Those are both emblematic of strength in the corporate sector and also of the consumer. I mean, you can't have Walmart and Home Depot have blowout earnings without the consumer really stepping up spending stimulus checks, adopting ecommerce, as well as getting back into stores\", said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"And a lot of the bull thesis for the market right now is still built on a really strong reopening of the economy.\"Despite its strong results, Home Depot's shares went down 1.02%, under pressure due to the lack of a solid outlook and the housing data.Latest data showed U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials.Minutes from the Fed's April policy meeting will be parsed on Wednesday for the central bank's view of the economy.\"The market is bracing for a transition,\" said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. \"So there's a little bit of de-risking going on.\"Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the Federal Reserve to rein in its monetary support following a spike in volatility last week after strong inflation readings.The Dow Jones Industrial Average    fell 267.13 points, or 0.78%, to 34,060.66, the S&P 500    lost 35.46 points, or 0.85%, to 4,127.83 and the Nasdaq Composite    dropped 75.41 points, or 0.56%, to 13,303.64.Fund managers recently trimmed their overweight positions on technology stocks to a three-year low as inflation worries left growth stocks vulnerable to a pullback, and turned overweight on UK stocks for the first time in seven years, a survey from Bank of America showed.Volume on U.S. exchanges was 10.01 billion shares, compared with the 10.48 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 105 new highs and 50 new lows.Financial ReportTake-Two stock rises following earnings beatTrip.com rises 6% as first quarter brings surprise profit, revenue turnaround","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3558429994510199","authorId":"3558429994510199","name":"JacksonLaw","avatar":"https://static.tigerbbs.com/e2b2e572e31a32129558022e7bef07f0","crmLevel":2,"crmLevelSwitch":0},"content":"Pls respone my comment","text":"Pls respone my comment","html":"Pls respone my comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018154851,"gmtCreate":1649002999258,"gmtModify":1676534434387,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018154851","repostId":"2224324017","repostType":4,"repost":{"id":"2224324017","pubTimestamp":1648947540,"share":"https://www.laohu8.com/m/news/2224324017?lang=&edition=full","pubTime":"2022-04-03 08:59","market":"us","language":"en","title":"Is Now the Time to Go All-In on the Stock Market?","url":"https://stock-news.laohu8.com/highlight/detail?id=2224324017","media":"Motley Fool","summary":"The sell-off has led to a slew of buying opportunities in top growth stocks.","content":"<html><head></head><body><p>The stock market has staged an epic rally in the last week or so. After briefly being down over 20% year to date (YTD), the <b>Nasdaq Composite</b> is now down less than 10% YTD. Similarly, the <b>S&amp;P</b> <b>500</b> and the <b>Dow Jones Industrial Average</b> are both down less than 5% YTD and are officially out of correction territory.</p><p>With the market processing rising interest rates, the prospect of lower inflation, and improving geopolitical risks, is now the time to go all-in on the stock market? Or is there a better alternative?</p><h2>Be greedy when others are fearful</h2><p>Warren Buffett, the CEO of <b>Berkshire Hathaway</b> ( BRK.A, BRK.B), is known for his long-term track record of beating the stock market. But he&#39;s also known for one of the most famous quotes in investing, which is &#34;to be fearful when others are greedy and greedy when others are fearful.&#34; It&#39;s a strategy that tends to keep investors out of trouble, both in recognizing when a stock is overvalued and pouncing on buying opportunities.</p><p>In the past four years, there have been three major sell-offs. In late 2018, a brief bear market happened almost entirely in the last three months of the year. But it proved to be an amazing buying opportunity, as the S&amp;P 500 proceeded to produce big gains in 2019.</p><p>The next big sell-off was the spring 2020 COVID-19-induced crash, which also proved to be a buying opportunity that led to massive gains during the rest of that year and through most of 2021. The third sell-off is the one we are still in now. And if history continues to repeat itself, it too will probably prove to be a fantastic long-term buying opportunity.</p><h2>Expect the unexpected</h2><p>You may be asking yourself: If now is a good time to buy, why not just go all-in on the U.S. stock market? Well, that&#39;s a bad idea for a number of reasons.</p><p>For starters, it&#39;s important to have an emergency fund in case unexpected medical expenses or unforeseen crises emerge. Although the stock market has been a great vehicle for fueling wealth creation over time, no one knows how it could perform in the short term. The market has staged an epic rebound, but it could give up all of those gains for a number of reasons, such as more aggressive monetary policy, a worsening geopolitical situation, or an infinite number of unknowns.</p><p>Going hard into the stock market without reserve dry powder leaves you overly exposed to short-term volatility. By putting money to work in the stock market that you don&#39;t need anytime soon, you can take the pressure off of short-term gyrations and keep a level head in case the market sell-off resumes.</p><h2>A better approach</h2><p>Yes, it sounds boring. But the best approach to investing is to simply dollar-cost average a portion of your income into stocks over time. That&#39;s the classic advice, anyway. Of course, an investor can operate with a little more wiggle room by keeping a set amount of cash on the sidelines that they only wait to deploy if there&#39;s a truly juicy buying opportunity. In that scenario, it would make sense to begin considering some of the many stocks that are on sale now.</p><p>Selectively buying great companies that go on sale is a worthwhile strategy to pair with dollar-cost averaging. In this vein, an investor can harness a sort of hybrid passive/active approach that leaves room for discipline and creativity.</p><h2>Navigating volatility</h2><p>Even if the market doesn&#39;t retest its lows and keeps surging in 2022, it is likely to suffer more corrections and bear markets in the years to come. Timing the market is difficult, and short-term price movements can be random, confusing, and grounded in nothing that has to do with the fundamental business.</p><p>Understanding that the market can do crazy, unpredictable things can help keep emotions in check during a stock market sell-off, as well as quell the urge to go all-in, even when it may be tempting to do so.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Now the Time to Go All-In on the Stock Market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Now the Time to Go All-In on the Stock Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-03 08:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/02/is-now-the-time-to-go-all-in-on-the-stock-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market has staged an epic rally in the last week or so. After briefly being down over 20% year to date (YTD), the Nasdaq Composite is now down less than 10% YTD. Similarly, the S&P 500 and ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/02/is-now-the-time-to-go-all-in-on-the-stock-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2022/04/02/is-now-the-time-to-go-all-in-on-the-stock-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2224324017","content_text":"The stock market has staged an epic rally in the last week or so. After briefly being down over 20% year to date (YTD), the Nasdaq Composite is now down less than 10% YTD. Similarly, the S&P 500 and the Dow Jones Industrial Average are both down less than 5% YTD and are officially out of correction territory.With the market processing rising interest rates, the prospect of lower inflation, and improving geopolitical risks, is now the time to go all-in on the stock market? Or is there a better alternative?Be greedy when others are fearfulWarren Buffett, the CEO of Berkshire Hathaway ( BRK.A, BRK.B), is known for his long-term track record of beating the stock market. But he's also known for one of the most famous quotes in investing, which is \"to be fearful when others are greedy and greedy when others are fearful.\" It's a strategy that tends to keep investors out of trouble, both in recognizing when a stock is overvalued and pouncing on buying opportunities.In the past four years, there have been three major sell-offs. In late 2018, a brief bear market happened almost entirely in the last three months of the year. But it proved to be an amazing buying opportunity, as the S&P 500 proceeded to produce big gains in 2019.The next big sell-off was the spring 2020 COVID-19-induced crash, which also proved to be a buying opportunity that led to massive gains during the rest of that year and through most of 2021. The third sell-off is the one we are still in now. And if history continues to repeat itself, it too will probably prove to be a fantastic long-term buying opportunity.Expect the unexpectedYou may be asking yourself: If now is a good time to buy, why not just go all-in on the U.S. stock market? Well, that's a bad idea for a number of reasons.For starters, it's important to have an emergency fund in case unexpected medical expenses or unforeseen crises emerge. Although the stock market has been a great vehicle for fueling wealth creation over time, no one knows how it could perform in the short term. The market has staged an epic rebound, but it could give up all of those gains for a number of reasons, such as more aggressive monetary policy, a worsening geopolitical situation, or an infinite number of unknowns.Going hard into the stock market without reserve dry powder leaves you overly exposed to short-term volatility. By putting money to work in the stock market that you don't need anytime soon, you can take the pressure off of short-term gyrations and keep a level head in case the market sell-off resumes.A better approachYes, it sounds boring. But the best approach to investing is to simply dollar-cost average a portion of your income into stocks over time. That's the classic advice, anyway. Of course, an investor can operate with a little more wiggle room by keeping a set amount of cash on the sidelines that they only wait to deploy if there's a truly juicy buying opportunity. In that scenario, it would make sense to begin considering some of the many stocks that are on sale now.Selectively buying great companies that go on sale is a worthwhile strategy to pair with dollar-cost averaging. In this vein, an investor can harness a sort of hybrid passive/active approach that leaves room for discipline and creativity.Navigating volatilityEven if the market doesn't retest its lows and keeps surging in 2022, it is likely to suffer more corrections and bear markets in the years to come. Timing the market is difficult, and short-term price movements can be random, confusing, and grounded in nothing that has to do with the fundamental business.Understanding that the market can do crazy, unpredictable things can help keep emotions in check during a stock market sell-off, as well as quell the urge to go all-in, even when it may be tempting to do so.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9034623771,"gmtCreate":1647878434781,"gmtModify":1676534275068,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034623771","repostId":"1163374302","repostType":4,"repost":{"id":"1163374302","pubTimestamp":1647876673,"share":"https://www.laohu8.com/m/news/1163374302?lang=&edition=full","pubTime":"2022-03-21 23:31","market":"us","language":"en","title":"Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1163374302","media":"Motley Fool","summary":"It can be a scary time for growth stock investors right now. Some of the most popular (and most prom","content":"<html><head></head><body><p>It can be a scary time for growth stock investors right now. Some of the most popular (and most promising) growth stocks seem to rise and fall by 5% or more every day, and many are 40%, 50%, or more off their highs.</p><p>To be sure,<i>some</i> of the beaten-down growth stocks are lower for a reason. But with others, the recent downturn can be a great opportunity to search for long-term bargains. With that in mind, here are two stocks that look especially appealing at the current prices.</p><p>An e-commerce leader with massive potential</p><p>Since reaching a share price of more than $300 in November, handmade and unique item marketplace <b>Etsy</b> has seen its share price cut in half, despite posting strong results throughout its business.</p><p>Over the past couple of years, the number of active buyers and sellers on Etsy&#39;s platform have both more than doubled, and the number of frequent buyers has more than tripled. And while some of the growth was certainly helped by the COVID-19 pandemic, the numbers continue to trend in the right direction. For example, Etsy&#39;s fourth-quarter merchandise volume was an all-time record for the company, and the average active buyer spent 16% more than in the fourth quarter of 2020.</p><p>Etsy has done a great job of adding value to its namesake platform with things like advanced advertising options and free shipping availability. It has also made several strategic acquisitions that should broaden its user base even further and grow its addressable market opportunity.</p><p>And finally, speaking of Etsy&#39;s addressable market, the company has an estimated $466 billion total addressable market opportunity from online retail sales in its seven core markets around the world, and it has captured less than 3% of that so far.</p><p>A profitable social media company with many ways to grow</p><p>With shares more than 70% below their 52-week high, <b>Pinterest</b> is looking like an absolute steal right now.</p><p>To be sure, there are some valid reasons for Pinterest&#39;s pullback. Specifically, user growth (or lack thereof) is a legitimate concern right now. In the fourth quarter of 2021, Pinterest&#39;s active user base actually declined by 6% year over year. In simple terms, with fewer COVID-19 restrictions, people have less time to browse ideas online than they did a year ago.</p><p>However, the slump in user growth should be temporary, and the company is doing a <i>fantastic</i> job of monetizing its user base. Pinterest&#39;s average revenue per user grew by 23% over the past year, and in the international user base (where 80% of users are), the increase was a staggering 62%. Pinterest&#39;s revenue per user is still a small fraction of other leading social media platforms, and there&#39;s still a <i>big</i> gap between international and domestic monetization, so the company could multiply its revenue several times over even without user growth.</p><p>Be prepared for a wild ride, at least for now</p><p>It&#39;s important to emphasize that I have absolutely no idea what these stocks will do over the next couple of months, or even for the rest of the year. There are simply too many variables, such as inflation, interest rates, and the Ukraine situation, that could put pressure on these and other stocks in the near term. But I&#39;m confident that these are two great businesses that could generate strong returns for investors who measure their returns in five-year periods or more, so if you invest, do so with that in mind.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now</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\">\nHave $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-21 23:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/20/have-500-2-absurdly-cheap-stocks-long-term-investo/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It can be a scary time for growth stock investors right now. Some of the most popular (and most promising) growth stocks seem to rise and fall by 5% or more every day, and many are 40%, 50%, or more ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/20/have-500-2-absurdly-cheap-stocks-long-term-investo/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc.","PINS":"Pinterest, Inc."},"source_url":"https://www.fool.com/investing/2022/03/20/have-500-2-absurdly-cheap-stocks-long-term-investo/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163374302","content_text":"It can be a scary time for growth stock investors right now. Some of the most popular (and most promising) growth stocks seem to rise and fall by 5% or more every day, and many are 40%, 50%, or more off their highs.To be sure,some of the beaten-down growth stocks are lower for a reason. But with others, the recent downturn can be a great opportunity to search for long-term bargains. With that in mind, here are two stocks that look especially appealing at the current prices.An e-commerce leader with massive potentialSince reaching a share price of more than $300 in November, handmade and unique item marketplace Etsy has seen its share price cut in half, despite posting strong results throughout its business.Over the past couple of years, the number of active buyers and sellers on Etsy's platform have both more than doubled, and the number of frequent buyers has more than tripled. And while some of the growth was certainly helped by the COVID-19 pandemic, the numbers continue to trend in the right direction. For example, Etsy's fourth-quarter merchandise volume was an all-time record for the company, and the average active buyer spent 16% more than in the fourth quarter of 2020.Etsy has done a great job of adding value to its namesake platform with things like advanced advertising options and free shipping availability. It has also made several strategic acquisitions that should broaden its user base even further and grow its addressable market opportunity.And finally, speaking of Etsy's addressable market, the company has an estimated $466 billion total addressable market opportunity from online retail sales in its seven core markets around the world, and it has captured less than 3% of that so far.A profitable social media company with many ways to growWith shares more than 70% below their 52-week high, Pinterest is looking like an absolute steal right now.To be sure, there are some valid reasons for Pinterest's pullback. Specifically, user growth (or lack thereof) is a legitimate concern right now. In the fourth quarter of 2021, Pinterest's active user base actually declined by 6% year over year. In simple terms, with fewer COVID-19 restrictions, people have less time to browse ideas online than they did a year ago.However, the slump in user growth should be temporary, and the company is doing a fantastic job of monetizing its user base. Pinterest's average revenue per user grew by 23% over the past year, and in the international user base (where 80% of users are), the increase was a staggering 62%. Pinterest's revenue per user is still a small fraction of other leading social media platforms, and there's still a big gap between international and domestic monetization, so the company could multiply its revenue several times over even without user growth.Be prepared for a wild ride, at least for nowIt's important to emphasize that I have absolutely no idea what these stocks will do over the next couple of months, or even for the rest of the year. There are simply too many variables, such as inflation, interest rates, and the Ukraine situation, that could put pressure on these and other stocks in the near term. But I'm confident that these are two great businesses that could generate strong returns for investors who measure their returns in five-year periods or more, so if you invest, do so with that in mind.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097110162,"gmtCreate":1645373964710,"gmtModify":1676534022262,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097110162","repostId":"1117918326","repostType":4,"repost":{"id":"1117918326","pubTimestamp":1645317671,"share":"https://www.laohu8.com/m/news/1117918326?lang=&edition=full","pubTime":"2022-02-20 08:41","market":"us","language":"en","title":"3 Stocks That Could Be Worth More Than Apple by 2035","url":"https://stock-news.laohu8.com/highlight/detail?id=1117918326","media":"Motley Fool","summary":"Apple leads the market cap race with $2.8 trillion in valuation.","content":"<html><head></head><body><p><b>Key Points</b></p><ul><li>Amazon and Tesla command the fourth- and fifth-largest market caps, respectively, but they have a lot of growth left to conquer in the coming years.</li><li>Shopify is much smaller than Amazon or Tesla, but its unique e-commerce platform could make it globally dominant in a world where more and more people are working for themselves or dreaming up a side hustle.</li><li>Apple wasn&#39;t on top of the market cap hill 13 years ago. It shouldn&#39;t surprise anyone if it&#39;s not on top 13 years from now.</li></ul><p><b>Apple</b> (NASDAQ:AAPL) is a beast, and nobody is going to topple it from the king of the market cap hill anytime soon. Apple&#39;s $2.8 billion valuation is dominant right now, but the class act of Cupertino probably won&#39;t be on top forever. Go out 13 years and it wouldn&#39;t be a surprise to see someone else in that spot. Who can it be?</p><p>I think <b>Amazon</b> (NASDAQ:AMZN), <b>Tesla Motors</b> (NASDAQ:TSLA), and <b>Shopify</b> (NYSE:SHOP) have fair shots to inherit the market cap crown from Apple. Let&#39;s see why each of these three already well-known companies can be the most valuable publicly traded company come 2035.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9b0458194138e6515c5ea46da963058\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>Amazon.com</b></p><p>If you&#39;re like me, you lean a lot on Amazon these days. There&#39;s e-commerce, local grocery deliveries, namesake consumer electronics, and a growing slate of digital content. With its widely adopted AWS cloud platform, you&#39;re probably doing business with Amazon even when you don&#39;t realize that you&#39;re doing business with Amazon.</p><p>Amazon&#39;s a beast. Net sales rose 22% to $469.8 billion. Apple clocked in with just $365.8 billion on the top line for its fiscal 2021. Naturally, Amazon currently operates a lower-margin business. Apple deserves the better multiple. However, Amazon has been the more consistent grower. Apple&#39;s growth comes in spurts. It comes through with a fiscal year of double-digit growth in net sales, only to march in place the next two years. Really. Look up the pattern over the past decade. Amazon has a more attractive pattern. It has posted double-digit annual growth in net sales for the last two decades.</p><p>Apple has done a great job of building a high-margin services component to its business on top of its innovative premium-priced products. Apple should continue to do well over time, but it&#39;s also easy to see how Amazon&#39;s consistent big steps could make it more valuable by 2035.</p><p><b>Tesla Motors</b></p><p>This pick will be polarizing. Tesla Motors is already the fifth-most-valuable stock by market cap, and there&#39;s no shortage of bears stumped by how every larger automaker by sales volume is trading for less. I&#39;m not one of those bears, and not just because the legacy car builders often have debt-saddled balance sheets and problematic pension obligations.</p><p>Tesla<i>is</i>different. Everyone is hopping on the electric vehicle trend now, but it will be hard to duplicate the proprietary Supercharger network. It will be hard to catch up to the tech at Tesla, where recalls are usually just over-the-air software updates. Speaking of updates, does your car get better every couple of months like a Tesla?</p><p>Apple turned hardware into a gusher of high-margin services, and Tesla has done the same. Tesla owners can pay $12,000 -- or $199 a month -- for full self-driving features that Elon Musk claims will become a reality later this year. Tesla&#39;s growth has been stunning, but the big mistake that bears make is assuming that the earnings potential of every Tesla that rolls off the line is the same as that of its slow-moving rivals&#39; cars.</p><p><b>Shopify</b></p><p>Let&#39;s go shopping for a third candidate to be king of the hill in 2035. Shopify is considerably smaller than Apple. It would have to appreciate 33-fold to catch up to the top dog. Shopify has also proven mortal lately, down 63% from last year&#39;s all-time high. You still don&#39;t want to bet against the fast-growing platform that is making e-commerce a reality for companies and entrepreneurs of all sizes.</p><p>Revenue rose 57% last year, including a 41% year-over-year top-line gain in the fourth-quarter results it posted this week. Guidance was a bit vague, leading investors to brace for slowing growth. However, Shopify&#39;s unique role is worth exploring. One can argue that Amazon also helps folks sell online through its giant marketplace, but Shopify provides professional stand-alone digital storefronts. Shopify also offers seamless integration into the growing number of channels to sell a product, unlike Amazon, which wants the business to go through its namesake destination.</p><p>The gig economy will continue to expand in the coming years, and Shopify will arm the creative and enterprising with instant online stores. Shopify&#39;s stock may be out of favor right now, but it has a long runway to keep thriving as a growth stock for a long time.</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>3 Stocks That Could Be Worth More Than Apple by 2035</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks That Could Be Worth More Than Apple by 2035\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-20 08:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/18/3-stocks-that-could-be-worth-more-than-apple-by-20/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key PointsAmazon and Tesla command the fourth- and fifth-largest market caps, respectively, but they have a lot of growth left to conquer in the coming years.Shopify is much smaller than Amazon or ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/18/3-stocks-that-could-be-worth-more-than-apple-by-20/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SHOP":"Shopify Inc","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2022/02/18/3-stocks-that-could-be-worth-more-than-apple-by-20/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117918326","content_text":"Key PointsAmazon and Tesla command the fourth- and fifth-largest market caps, respectively, but they have a lot of growth left to conquer in the coming years.Shopify is much smaller than Amazon or Tesla, but its unique e-commerce platform could make it globally dominant in a world where more and more people are working for themselves or dreaming up a side hustle.Apple wasn't on top of the market cap hill 13 years ago. It shouldn't surprise anyone if it's not on top 13 years from now.Apple (NASDAQ:AAPL) is a beast, and nobody is going to topple it from the king of the market cap hill anytime soon. Apple's $2.8 billion valuation is dominant right now, but the class act of Cupertino probably won't be on top forever. Go out 13 years and it wouldn't be a surprise to see someone else in that spot. Who can it be?I think Amazon (NASDAQ:AMZN), Tesla Motors (NASDAQ:TSLA), and Shopify (NYSE:SHOP) have fair shots to inherit the market cap crown from Apple. Let's see why each of these three already well-known companies can be the most valuable publicly traded company come 2035.IMAGE SOURCE: GETTY IMAGES.Amazon.comIf you're like me, you lean a lot on Amazon these days. There's e-commerce, local grocery deliveries, namesake consumer electronics, and a growing slate of digital content. With its widely adopted AWS cloud platform, you're probably doing business with Amazon even when you don't realize that you're doing business with Amazon.Amazon's a beast. Net sales rose 22% to $469.8 billion. Apple clocked in with just $365.8 billion on the top line for its fiscal 2021. Naturally, Amazon currently operates a lower-margin business. Apple deserves the better multiple. However, Amazon has been the more consistent grower. Apple's growth comes in spurts. It comes through with a fiscal year of double-digit growth in net sales, only to march in place the next two years. Really. Look up the pattern over the past decade. Amazon has a more attractive pattern. It has posted double-digit annual growth in net sales for the last two decades.Apple has done a great job of building a high-margin services component to its business on top of its innovative premium-priced products. Apple should continue to do well over time, but it's also easy to see how Amazon's consistent big steps could make it more valuable by 2035.Tesla MotorsThis pick will be polarizing. Tesla Motors is already the fifth-most-valuable stock by market cap, and there's no shortage of bears stumped by how every larger automaker by sales volume is trading for less. I'm not one of those bears, and not just because the legacy car builders often have debt-saddled balance sheets and problematic pension obligations.Teslaisdifferent. Everyone is hopping on the electric vehicle trend now, but it will be hard to duplicate the proprietary Supercharger network. It will be hard to catch up to the tech at Tesla, where recalls are usually just over-the-air software updates. Speaking of updates, does your car get better every couple of months like a Tesla?Apple turned hardware into a gusher of high-margin services, and Tesla has done the same. Tesla owners can pay $12,000 -- or $199 a month -- for full self-driving features that Elon Musk claims will become a reality later this year. Tesla's growth has been stunning, but the big mistake that bears make is assuming that the earnings potential of every Tesla that rolls off the line is the same as that of its slow-moving rivals' cars.ShopifyLet's go shopping for a third candidate to be king of the hill in 2035. Shopify is considerably smaller than Apple. It would have to appreciate 33-fold to catch up to the top dog. Shopify has also proven mortal lately, down 63% from last year's all-time high. You still don't want to bet against the fast-growing platform that is making e-commerce a reality for companies and entrepreneurs of all sizes.Revenue rose 57% last year, including a 41% year-over-year top-line gain in the fourth-quarter results it posted this week. Guidance was a bit vague, leading investors to brace for slowing growth. However, Shopify's unique role is worth exploring. One can argue that Amazon also helps folks sell online through its giant marketplace, but Shopify provides professional stand-alone digital storefronts. Shopify also offers seamless integration into the growing number of channels to sell a product, unlike Amazon, which wants the business to go through its namesake destination.The gig economy will continue to expand in the coming years, and Shopify will arm the creative and enterprising with instant online stores. Shopify's stock may be out of favor right now, but it has a long runway to keep thriving as a growth stock for a long time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804316005,"gmtCreate":1627921797407,"gmtModify":1703498015045,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/804316005","repostId":"1172320411","repostType":4,"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165033600,"gmtCreate":1624079698800,"gmtModify":1703828445252,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/165033600","repostId":"1156696708","repostType":4,"repost":{"id":"1156696708","pubTimestamp":1624063306,"share":"https://www.laohu8.com/m/news/1156696708?lang=&edition=full","pubTime":"2021-06-19 08:41","market":"us","language":"en","title":"Dow falls more than 500 points to close out its worst week since October","url":"https://stock-news.laohu8.com/highlight/detail?id=1156696708","media":"cnbc","summary":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since Octob","content":"<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.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>Dow falls more than 500 points to close out its worst week since October</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow falls more than 500 points to close out its worst week since October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 08:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156696708","content_text":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-chip average dropped 533.37 points, or 1.6%, to 33,290.08. TheS&P 500slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. TheNasdaq Compositeclosed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.\nFor the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.\nSt. Louis Federal Reserve President Jim Bullardtold CNBC's \"Squawk Box\"on Friday it was natural for the Fed to tilt a little \"hawkish\" this week and that the first rate increase from the central bank would likely come in 2022. His comments came after the Fed on Wednesday added two rate hikes to its 2023 forecast and increased its inflation projection for the year, putting pressure on stock prices.\n\"The fear held by some investors is that if the Fed tightens policy sooner than expected to help cool inflationary pressures, this could weigh on future economic growth,\" Truist Advisory Services chief market strategist Keith Lerner said in a note. To be sure, he added it would be premature to give up on the so-called value trade right now.\nPockets of the market most sensitive to the economic rebound led the sell-off this week. The S&P 500 energy sector and industrials dropped 5.2% and 3.8%, respectively, for the week. Financials and materials meanwhile, lost more than 6% each. These groups had been market leaders this year on the back of the economic reopening.\nThe decline in stocks came as the Fed's actions caused a drastic flattening of the so-called Treasury yield curve. This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.\nThis phenomenon hurt bank stocks particularly as their earnings could take a hit when the spread between short-term and long-term rates narrows. Bank of America and JPMorgan Chase shares on Friday lost more than 2% each. Citigroup fell by 1.8%, posting its 12th straight daily decline.\nFed Chairman Jerome Powell said Wednesday that officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.\n\"This week's first whiff of an eventual change in Fed policy was a reminder that emergency monetary conditions and the free-money era will ultimately end,\" strategists at MRB Partners wrote in a note. \"We expect a series of incremental retreats from the Fed's benign inflation outlook in the coming months.\"\nCommodity prices were underpressure this weekas China attempted to cool rising prices and as the U.S. dollar strengthens. Copper, gold and platinum fell once again on Friday.\nFriday also coincided with the quarterly \"quadruple witching\" in which options and futures on indexes and equities expire. This event may have contributed to more volatile trading during the session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083019217,"gmtCreate":1650043699965,"gmtModify":1676534635489,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"D","listText":"D","text":"D","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083019217","repostId":"1137462158","repostType":4,"repost":{"id":"1137462158","pubTimestamp":1650036589,"share":"https://www.laohu8.com/m/news/1137462158?lang=&edition=full","pubTime":"2022-04-15 23:29","market":"us","language":"en","title":"Twitter Stock Could Crash 20%, Here’s Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1137462158","media":"InvestorPlace","summary":"Investors in social media platform Twitter  have seen some pretty impressive volatility play out. Th","content":"<html><head></head><body><p>Investors in social media platform <a href=\"https://laohu8.com/S/TWTR\">Twitter </a> have seen some pretty impressive volatility play out. The price action with TWTR stock has provided traders with the kind of volatility they like to see. However, for longer-term investors, this directional move may not be so positive.</p><p>Shares of Twitter stock jumped 3.5% in aftermarket trading. This came on news that celebrity CEO Elon Musk had put forward a buyout offer for the entire company. Previously, Musk purchased 9.1% of the company in a series of surprise purchases over the course of the past few weeks. Accordingly, this move to buy the company has created a lot of buzz.</p><p>That said, the market appears to be calling “nonsense” with this move. It’s worth noting that TWTR stock did trade above $70 per share during the previous rally. Accordingly, a $54.20 offer for the entire company may simply not be enough to get this deal done. Additionally, Musk’s asserting that this offer is “best and final” doesn’t appear to bode well for a buyout happening in the near term.</p><p>In addition to this saga, there’s some chatter around why this offer could be a net negative for the social media platform. Let’s dive into why some are suggesting Twitter could crash 20% from here.</p><p><b>Analyst Suggests TWTR Stock Could Crash 20%</b></p><p>This buyout offer from Musk paints Twitter in a corner. At least, that’s what Jeffries analyst Brent Thill thinks.</p><p>Thill suggests in a research note that should Twitter reject Musk’s offer, which is what’s anticipated to happen (at least what the market is pricing in), then Twitter stock could have substantial downside from here. This analyst believes the downside correlated with the rejection of Musk’s bid could approximate 20% or more.</p><p>Much of that has to do with how high TWTR stock has already run prior to this announcement. Having Elon Musk as an investor appears to have been reason enough for many retail investors to jump on board. Accordingly, the rejection of this offer could lead to Musk offloading his position and the company needing to seek out additional bids.</p><p>While Thill does think a strategy consortium of buyers could present themselves in the event this stock sells off after rejecting Musk’s offer, volatility is likely to remain high with this stock for some time.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Twitter Stock Could Crash 20%, 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\">\nTwitter Stock Could Crash 20%, Here’s Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-15 23:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/twitter-twtr-stock-could-crash-20-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors in social media platform Twitter  have seen some pretty impressive volatility play out. The price action with TWTR stock has provided traders with the kind of volatility they like to see. ...</p>\n\n<a href=\"https://investorplace.com/2022/04/twitter-twtr-stock-could-crash-20-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://investorplace.com/2022/04/twitter-twtr-stock-could-crash-20-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137462158","content_text":"Investors in social media platform Twitter  have seen some pretty impressive volatility play out. The price action with TWTR stock has provided traders with the kind of volatility they like to see. However, for longer-term investors, this directional move may not be so positive.Shares of Twitter stock jumped 3.5% in aftermarket trading. This came on news that celebrity CEO Elon Musk had put forward a buyout offer for the entire company. Previously, Musk purchased 9.1% of the company in a series of surprise purchases over the course of the past few weeks. Accordingly, this move to buy the company has created a lot of buzz.That said, the market appears to be calling “nonsense” with this move. It’s worth noting that TWTR stock did trade above $70 per share during the previous rally. Accordingly, a $54.20 offer for the entire company may simply not be enough to get this deal done. Additionally, Musk’s asserting that this offer is “best and final” doesn’t appear to bode well for a buyout happening in the near term.In addition to this saga, there’s some chatter around why this offer could be a net negative for the social media platform. Let’s dive into why some are suggesting Twitter could crash 20% from here.Analyst Suggests TWTR Stock Could Crash 20%This buyout offer from Musk paints Twitter in a corner. At least, that’s what Jeffries analyst Brent Thill thinks.Thill suggests in a research note that should Twitter reject Musk’s offer, which is what’s anticipated to happen (at least what the market is pricing in), then Twitter stock could have substantial downside from here. This analyst believes the downside correlated with the rejection of Musk’s bid could approximate 20% or more.Much of that has to do with how high TWTR stock has already run prior to this announcement. Having Elon Musk as an investor appears to have been reason enough for many retail investors to jump on board. Accordingly, the rejection of this offer could lead to Musk offloading his position and the company needing to seek out additional bids.While Thill does think a strategy consortium of buyers could present themselves in the event this stock sells off after rejecting Musk’s offer, volatility is likely to remain high with this stock for some time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039171579,"gmtCreate":1645977909865,"gmtModify":1676534079026,"author":{"id":"3581968938507213","authorId":"3581968938507213","name":"silent00","avatar":"https://static.tigerbbs.com/2c071d28e71fed6633b2060199892582","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"J","listText":"J","text":"J","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039171579","repostId":"1125580913","repostType":4,"repost":{"id":"1125580913","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":1645926503,"share":"https://www.laohu8.com/m/news/1125580913?lang=&edition=full","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</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>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value</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\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\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\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\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"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}