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BrennenTan
2021-05-12
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Tech stocks get pounded — here are a few simple reasons why
BrennenTan
2021-05-12
wow
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hands","listText":"diamond hands","text":"diamond hands","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193491597","repostId":"2134671576","repostType":4,"repost":{"id":"2134671576","pubTimestamp":1620788139,"share":"https://ttm.financial/m/news/2134671576?lang=&edition=fundamental","pubTime":"2021-05-12 10:55","market":"us","language":"en","title":"Tech stocks get pounded — here are a few simple reasons why","url":"https://stock-news.laohu8.com/highlight/detail?id=2134671576","media":"Yahoo Finance","summary":"Tech stocks have gotten short-circuited so far this week, crushed under the weight of the lofty expe","content":"<p>Tech stocks have gotten short-circuited so far this week, crushed under the weight of the lofty expectations built into them by profit-hungry investors.</p><p>The Nasdaq Composite fell close to 1% in early trading on Tuesday, extending its five-day loss to 2.1%. But underneath the hood of the Nasdaq tells the broader story of a market losing a bit of risk appetite.</p><p>Tesla shares dropped by as much as 5% in today's session, and was the top trending ticker on Yahoo Finance around noon ET. Virgin Galactic lost 6%, while Apple shed about 2%.</p><p>Yahoo Finance takes a quick look at what could be driving the reassessment of richly valued tech stocks by Mr. Market.</p><h2>Fed member spooks growth investors</h2><p>Cleveland Federal Reserve President Loretta Mester sparked concern on stock valuations and inflation in an exclusive interview with our Brian Cheung on Yahoo Finance Live.</p><p>\"My read is that there is certainly in terms of equity prices there is upward — they are high. There is upward valuation pressure there,\" Mester said.</p><p>Mester also appeared to be open to letting inflation run hot — something tech investors probably didn't want to hear. In effect, it raises the potential for the Fed to perhaps lift rates in 2022 to combat inflation, which is often not a good backdrop for investors in tech who prefer to invest alongside low interest rates.</p><p>The Fed’s target on inflation is 2%.</p><p>“Seeing inflation move up to two and somewhat above 2 [percent] is not a problem,” Mester said in the interview.</p><h2>Goldman keeps it real on taxes and tech</h2><p>The week didn't start well for tech investors as a note out by Goldman Sachs on tech profits was widely chatted about on the Street.</p><p>\"If the Biden corporate tax plan were fully enacted, FAAMG [<a href=\"https://laohu8.com/S/FB\">Facebook</a>, Apple, Amazon, Microsoft and Google] 2022 estimated earnings would decrease by roughly 9% relative to consensus expectations,\" Goldman Sachs chief U.S. equity strategist David Kostin said.</p><p>The Biden administration is seeking to lift the corporate tax rate to 28% from the Trump-era's 21%.</p><p>He is also readying to increase the capital gains tax on the wealthiest Americans to 43.4%, including a surtax to help fund infrastructure investments. The current capital gains tax stands at a top rate of 23.8%, which has been in place since Jan. 1, 2013. Kostin added that FAAMG stocks are also vulnerable to any increase in the capital gains tax.</p><p>\"If the capital gains tax rate becomes set to rise in 2022, investors subject to the higher rate may choose to realize some of their substantial capital gains in 2021 at the lower current tax rate. The FAAMG stocks have appreciated by $5 trillion during the last 5 years, accounting for 29% of the S&P 500 market cap increase during that time,\" Kostin said.</p><h2>Tech stocks break down on the charts</h2><p>The weakness in tech stocks these past five sessions has spurred technical breakdowns on the charts, Wall Street observers note. In other words, tech stock bulls are losing the battle in sentiment to the bears and it's unclear right now what shifts the narrative back.</p><p>\"Even though the Nasdaq (and the broad XLK tech ETF) were not hit as hard as the chip stocks were yesterday, they still saw some considerable weakness. The Nasdaq closed RIGHT ON its own 100-day moving average. That line has been an even better support level for the Nasdaq…bouncing off of it four other times since September of last year. Therefore, if it breaks below that line in any significant way…like it looks like it’s going to do based on where it’s trading right now…it will raise a big yellow flag on the index,\" says Miller Tabak chief markets strategist Matt Maley.</p><p>Maley points out that the widely tracked VanEck Vectors Semiconductor ETF fell below its 100-day moving average on Monday, a negative development to momentum traders in tech.</p>","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>Tech stocks get pounded — here are a few simple reasons 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\">\nTech stocks get pounded — here are a few simple reasons why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-12 10:55 GMT+8 <a href=https://finance.yahoo.com/news/tech-stocks-get-pounded-here-are-the-simplest-reasons-why-164339559.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech stocks have gotten short-circuited so far this week, crushed under the weight of the lofty expectations built into them by profit-hungry investors.The Nasdaq Composite fell close to 1% in early ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-stocks-get-pounded-here-are-the-simplest-reasons-why-164339559.html\">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","09086":"华夏纳指-U","03086":"华夏纳指","NFLX":"奈飞","QNETCN":"纳斯达克中美互联网老虎指数","SPCE":"维珍银河","AMZN":"亚马逊","MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/tech-stocks-get-pounded-here-are-the-simplest-reasons-why-164339559.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2134671576","content_text":"Tech stocks have gotten short-circuited so far this week, crushed under the weight of the lofty expectations built into them by profit-hungry investors.The Nasdaq Composite fell close to 1% in early trading on Tuesday, extending its five-day loss to 2.1%. But underneath the hood of the Nasdaq tells the broader story of a market losing a bit of risk appetite.Tesla shares dropped by as much as 5% in today's session, and was the top trending ticker on Yahoo Finance around noon ET. Virgin Galactic lost 6%, while Apple shed about 2%.Yahoo Finance takes a quick look at what could be driving the reassessment of richly valued tech stocks by Mr. Market.Fed member spooks growth investorsCleveland Federal Reserve President Loretta Mester sparked concern on stock valuations and inflation in an exclusive interview with our Brian Cheung on Yahoo Finance Live.\"My read is that there is certainly in terms of equity prices there is upward — they are high. There is upward valuation pressure there,\" Mester said.Mester also appeared to be open to letting inflation run hot — something tech investors probably didn't want to hear. In effect, it raises the potential for the Fed to perhaps lift rates in 2022 to combat inflation, which is often not a good backdrop for investors in tech who prefer to invest alongside low interest rates.The Fed’s target on inflation is 2%.“Seeing inflation move up to two and somewhat above 2 [percent] is not a problem,” Mester said in the interview.Goldman keeps it real on taxes and techThe week didn't start well for tech investors as a note out by Goldman Sachs on tech profits was widely chatted about on the Street.\"If the Biden corporate tax plan were fully enacted, FAAMG [Facebook, Apple, Amazon, Microsoft and Google] 2022 estimated earnings would decrease by roughly 9% relative to consensus expectations,\" Goldman Sachs chief U.S. equity strategist David Kostin said.The Biden administration is seeking to lift the corporate tax rate to 28% from the Trump-era's 21%.He is also readying to increase the capital gains tax on the wealthiest Americans to 43.4%, including a surtax to help fund infrastructure investments. The current capital gains tax stands at a top rate of 23.8%, which has been in place since Jan. 1, 2013. Kostin added that FAAMG stocks are also vulnerable to any increase in the capital gains tax.\"If the capital gains tax rate becomes set to rise in 2022, investors subject to the higher rate may choose to realize some of their substantial capital gains in 2021 at the lower current tax rate. The FAAMG stocks have appreciated by $5 trillion during the last 5 years, accounting for 29% of the S&P 500 market cap increase during that time,\" Kostin said.Tech stocks break down on the chartsThe weakness in tech stocks these past five sessions has spurred technical breakdowns on the charts, Wall Street observers note. In other words, tech stock bulls are losing the battle in sentiment to the bears and it's unclear right now what shifts the narrative back.\"Even though the Nasdaq (and the broad XLK tech ETF) were not hit as hard as the chip stocks were yesterday, they still saw some considerable weakness. The Nasdaq closed RIGHT ON its own 100-day moving average. That line has been an even better support level for the Nasdaq…bouncing off of it four other times since September of last year. Therefore, if it breaks below that line in any significant way…like it looks like it’s going to do based on where it’s trading right now…it will raise a big yellow flag on the index,\" says Miller Tabak chief markets strategist Matt Maley.Maley points out that the widely tracked VanEck Vectors Semiconductor ETF fell below its 100-day moving average on Monday, a negative development to momentum traders in tech.","news_type":1},"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193524724,"gmtCreate":1620801823768,"gmtModify":1704348633488,"author":{"id":"3581996803720960","authorId":"3581996803720960","name":"BrennenTan","avatar":"https://static.tigerbbs.com/b4972874f57fcd73f2763ce89e4091d3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581996803720960","idStr":"3581996803720960"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193524724","repostId":"1150960548","repostType":4,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":193491597,"gmtCreate":1620806684519,"gmtModify":1704348695137,"author":{"id":"3581996803720960","authorId":"3581996803720960","name":"BrennenTan","avatar":"https://static.tigerbbs.com/b4972874f57fcd73f2763ce89e4091d3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581996803720960","authorIdStr":"3581996803720960"},"themes":[],"htmlText":"diamond hands","listText":"diamond hands","text":"diamond hands","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193491597","repostId":"2134671576","repostType":4,"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193524724,"gmtCreate":1620801823768,"gmtModify":1704348633488,"author":{"id":"3581996803720960","authorId":"3581996803720960","name":"BrennenTan","avatar":"https://static.tigerbbs.com/b4972874f57fcd73f2763ce89e4091d3","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581996803720960","authorIdStr":"3581996803720960"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193524724","repostId":"1150960548","repostType":4,"repost":{"id":"1150960548","pubTimestamp":1620800842,"share":"https://ttm.financial/m/news/1150960548?lang=&edition=fundamental","pubTime":"2021-05-12 14:27","market":"us","language":"en","title":"Tesla’s China sales tumble 27% in April from March","url":"https://stock-news.laohu8.com/highlight/detail?id=1150960548","media":"CNBC","summary":"BEIJING — One gauge of Tesla’ssuccess in China pointed to a sharp drop in sales in April.The U.S.-based electric car company sold 25,845 made-in-China vehicles last month, down 27% from 35,478 in March, according to figures released Tuesday by the China Passenger Car Association.The report noted that in April, Tesla exported 14,174 cars from its Shanghai factory. The association did not disclose Tesla’s export figures for March.Tesla's sales decline came amid an overall 12% month-on-month drop i","content":"<div>\n<p>BEIJING — One gauge of Tesla’ssuccess in China pointed to a sharp drop in sales in April.The U.S.-based electric car company sold 25,845 made-in-China vehicles last month, down 27% from 35,478 in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/12/teslas-china-sales-tumble-in-april-from-march.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>Tesla’s China sales tumble 27% in April from March</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla’s China sales tumble 27% in April from March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-12 14:27 GMT+8 <a href=https://www.cnbc.com/2021/05/12/teslas-china-sales-tumble-in-april-from-march.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING — One gauge of Tesla’ssuccess in China pointed to a sharp drop in sales in April.The U.S.-based electric car company sold 25,845 made-in-China vehicles last month, down 27% from 35,478 in ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/12/teslas-china-sales-tumble-in-april-from-march.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/05/12/teslas-china-sales-tumble-in-april-from-march.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150960548","content_text":"BEIJING — One gauge of Tesla’ssuccess in China pointed to a sharp drop in sales in April.The U.S.-based electric car company sold 25,845 made-in-China vehicles last month, down 27% from 35,478 in March, according to figures released Tuesday by the China Passenger Car Association.The report noted that in April, Tesla exported 14,174 cars from its Shanghai factory. The association did not disclose Tesla’s export figures for March.Tesla's sales decline came amid an overall 12% month-on-month drop in April for new energy passenger cars in China, according to the association. The category includes pure-electric and hybrid cars.Guangdong-basedBYD, which is backed by U.S. billionaire Warren Buffett, came close behind Tesla in April. The passenger car association saidBYD sold 25,450 new energy vehicles in April, up 6.5% from 23,906 in March.The figures are close to those disclosed by BYD itself, which said earlier this month it sold 25,034 new energy passenger cars in April.Some in China's electric car industry havecast doubt on the accuracy of the association's figures.China becomes more important for TeslaTesla does not disclose monthly deliveries by country. The company delivered 184,800 cars worldwide during the first quarter.Publicly disclosed figures indicate China is becoming a more and more important market for Tesla. The companymade $3 billion in sales in the country during the first quarter,accounting for 29% of global sales for the period. That's up fromup from 21% for all of 2020.Meanwhile, negative press has increased for Tesla in China. In the last few months,local reports of Tesla brake failures,crashes and explosions have mounted and drawn scrutiny from regulators. Separately on Tuesday, Reuters reported, citing sources, thatTesla has halted plans to buy land and expand its Shanghai factory.Tesla did not immediately respond to a request for comment on the report, or the association's figures. Shares fell about 1.9% overnight and are down roughly 12% for the year so far.Looking ahead, the passenger car association pointed out the capital city of Beijing is releasing 60,000 new license plates for new energy vehicles this month, which should help sales for recent market launches such as Tesla's Model Y and Aion Y, produced by a new energy brand spun-off from Chinese state-owned automaker GAC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
