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lynnnn

lynnnn

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2023-03-08

$Sea Ltd(SE)$ calm sea and smooth sail from now on!!

2023-01-10

😀

@bouncyo:$Shopify(SHOP)$ Lots of people guessing here.Going down to this,going up to that. If you have a few different securities,and why wouldn’t you, what e-commerce stock do you feel is best positioned in the next 5 years?Even the biggest players are aligning with Shopify. Face it, you don’t need to be a stock genius,just follow what the stock geniuses do.. I’m in on this one at this price and I appreciate the opportunity.

2022-09-15

[Cry]

Sea, AMTD Digital, Adobe And More: U.S. Stocks To Watch

2022-09-15

[Cry]

Sea, AMTD Digital, Adobe And More: U.S. Stocks To Watch

2022-09-13

I was a new trader who don't know which platform to use. Then I was introduced to Tiger. Its a great app, user friendly and neat interface. #tothemoonwithtiger

2022-09-05

[smile]

Why Meta Platforms Stock Could Break To The Upside In October

2022-09-05

[smile]

7 Stocks Reporting Earnings the Week of Sept. 5

2022-09-01

[Surprised]

Billionaires Have Been Buying These 7 Stocks as the Market Plunges

2022-08-31

[smile]

US STOCKS-Wall St Closes down for 3rd Straight Session on Fed Rate Hike Worry

2022-08-31

[What]

Avoid VIXY Unless There Is Reasonable Expectation Of Catastrophic Risk

2022-08-17

[What]

See Which Of The Latest 13F Filers Holds Tesla

2022-08-16

[smile]

This Stock Rally Has More Legs, Could Extend Until Year End - JPMorgan

2022-06-08

[Surprised]

7 of the Safest Stocks to Buy Now

2022-05-24

Hm

Tesla: Time To Pull The Buy Trigger

2022-05-12

Hmm

Nasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors

2022-05-12

Hmm

Nasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors

2022-04-25

[Surprised]

@Smartkarma:Chindata the Next Chinese ADR Privatisation Target?

2022-04-25

[Happy]

GM, Ford Steer into the Headwinds of Inflation, Rising Rates

2022-04-21

[Surprised]

US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech

2022-04-08

[Happy]

Is Apple Stock A Buy, Sell, Or Hold?

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"1\"></v-v>calm sea and smooth sail from now on!!&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"1\"></v-v>calm sea and smooth sail from now on!!&nbsp;","text":"$Sea Ltd(SE)$ calm sea and smooth sail from now on!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949938904","isVote":1,"tweetType":1,"viewCount":660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951064883,"gmtCreate":1673360200342,"gmtModify":1676538823949,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"😀","listText":"😀","text":"😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951064883","repostId":"9951063461","repostType":1,"repost":{"id":9951063461,"gmtCreate":1673359264354,"gmtModify":1676538823725,"author":{"id":"9000000000000417","authorId":"9000000000000417","name":"bouncyo","avatar":"https://static.tigerbbs.com/eb0370d3fa6e993a9a62f4b7ba0130a1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000417","authorIdStr":"9000000000000417"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SHOP\">$Shopify(SHOP)$</a> Lots of people guessing here.Going down to this,going up to that. If you have a few different securities,and why wouldn’t you, what e-commerce stock do you feel is best positioned in the next 5 years?Even the biggest players are aligning with Shopify. Face it, you don’t need to be a stock genius,just follow what the stock geniuses do.. I’m in on this one at this price and I appreciate the opportunity.","listText":"<a href=\"https://ttm.financial/S/SHOP\">$Shopify(SHOP)$</a> Lots of people guessing here.Going down to this,going up to that. If you have a few different securities,and why wouldn’t you, what e-commerce stock do you feel is best positioned in the next 5 years?Even the biggest players are aligning with Shopify. Face it, you don’t need to be a stock genius,just follow what the stock geniuses do.. I’m in on this one at this price and I appreciate the opportunity.","text":"$Shopify(SHOP)$ Lots of people guessing here.Going down to this,going up to that. If you have a few different securities,and why wouldn’t you, what e-commerce stock do you feel is best positioned in the next 5 years?Even the biggest players are aligning with Shopify. Face it, you don’t need to be a stock genius,just follow what the stock geniuses do.. I’m in on this one at this price and I appreciate the opportunity.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951063461","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934651441,"gmtCreate":1663246019484,"gmtModify":1676537235459,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9934651441","repostId":"2267509301","repostType":4,"repost":{"id":"2267509301","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":1663233570,"share":"https://ttm.financial/m/news/2267509301?lang=&edition=fundamental","pubTime":"2022-09-15 17:19","market":"us","language":"en","title":"Sea, AMTD Digital, Adobe And More: U.S. Stocks To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2267509301","media":"Benzinga","summary":"With US stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:","content":"<html><head></head><body><p>With US stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Wall Street expects <b> <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Inc.</b> (NASDAQ:ADBE) to report quarterly earnings at $3.33 per share on revenue of $4.43 billion after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/ARNC\">Arconic Corporation</a> </b> (NYSE:ARNC) lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million. </li><li>Analysts expect <b> Aurora Mobile Limited </b> (NASDAQ:AUR) to post a quarterly loss at $0.03 per share on revenue of $12.90 million for the latest quarter. The company will release earnings before the markets open. </li></ul><ul><li><b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group, Inc. </b> (NASDAQ:EXPE) named Julie Whalen as new Chief Financial Officer, effective September 26, 2022. </li><li>Analysts are expecting <b> <a href=\"https://laohu8.com/S/BOWL\">Bowlero</a> Corp. </b> (NYSE:BOWL) to have earned $0.04 per share on revenue of $195.17 million for the latest quarter. The company will release earnings after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/SE\">Sea Ltd</a></b>&#39;s top management will forgo their salaries and tighten company expense policies, as the Singapore gaming and e-commerce giant tries to shield itself from the economic slowdown threatening tech companies.</li><li><b><a href=\"https://laohu8.com/S/HKD\">AMTD Digital Inc.</a></b> soared a record 311.78% on Wednesday, triggering multiple volatility-related trading halts along the way. The move came alongside a flurry of buying activity, with roughly 1.5 million shares trading hands, more than 5,500% higher than its daily average over the last 10 days. On paper, the surge added nearly $27 billion in market value to the stock.</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>Sea, AMTD Digital, Adobe 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\">\nSea, AMTD Digital, Adobe 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\">2022-09-15 17:19</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 slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Wall Street expects <b> <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Inc.</b> (NASDAQ:ADBE) to report quarterly earnings at $3.33 per share on revenue of $4.43 billion after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/ARNC\">Arconic Corporation</a> </b> (NYSE:ARNC) lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million. </li><li>Analysts expect <b> Aurora Mobile Limited </b> (NASDAQ:AUR) to post a quarterly loss at $0.03 per share on revenue of $12.90 million for the latest quarter. The company will release earnings before the markets open. </li></ul><ul><li><b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group, Inc. </b> (NASDAQ:EXPE) named Julie Whalen as new Chief Financial Officer, effective September 26, 2022. </li><li>Analysts are expecting <b> <a href=\"https://laohu8.com/S/BOWL\">Bowlero</a> Corp. </b> (NYSE:BOWL) to have earned $0.04 per share on revenue of $195.17 million for the latest quarter. The company will release earnings after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/SE\">Sea Ltd</a></b>&#39;s top management will forgo their salaries and tighten company expense policies, as the Singapore gaming and e-commerce giant tries to shield itself from the economic slowdown threatening tech companies.</li><li><b><a href=\"https://laohu8.com/S/HKD\">AMTD Digital Inc.</a></b> soared a record 311.78% on Wednesday, triggering multiple volatility-related trading halts along the way. The move came alongside a flurry of buying activity, with roughly 1.5 million shares trading hands, more than 5,500% higher than its daily average over the last 10 days. On paper, the surge added nearly $27 billion in market value to the stock.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARNC":"Arconic Corporation","BK4554":"元宇宙及AR概念","EXPE":"Expedia","BOWL":"Bowlero","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","ADBE":"Adobe","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4528":"SaaS概念","AUR":"Aurora Innovation","BK4581":"高盛持仓","BK4023":"应用软件","BK4566":"资本集团"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267509301","content_text":"With US stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:Wall Street expects  Adobe Inc. (NASDAQ:ADBE) to report quarterly earnings at $3.33 per share on revenue of $4.43 billion after the closing bell. Arconic Corporation  (NYSE:ARNC) lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million. Analysts expect  Aurora Mobile Limited  (NASDAQ:AUR) to post a quarterly loss at $0.03 per share on revenue of $12.90 million for the latest quarter. The company will release earnings before the markets open. Expedia Group, Inc.  (NASDAQ:EXPE) named Julie Whalen as new Chief Financial Officer, effective September 26, 2022. Analysts are expecting  Bowlero Corp.  (NYSE:BOWL) to have earned $0.04 per share on revenue of $195.17 million for the latest quarter. The company will release earnings after the closing bell. Sea Ltd's top management will forgo their salaries and tighten company expense policies, as the Singapore gaming and e-commerce giant tries to shield itself from the economic slowdown threatening tech companies.AMTD Digital Inc. soared a record 311.78% on Wednesday, triggering multiple volatility-related trading halts along the way. The move came alongside a flurry of buying activity, with roughly 1.5 million shares trading hands, more than 5,500% higher than its daily average over the last 10 days. On paper, the surge added nearly $27 billion in market value to the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934651269,"gmtCreate":1663245978951,"gmtModify":1676537235451,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934651269","repostId":"2267509301","repostType":4,"repost":{"id":"2267509301","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":1663233570,"share":"https://ttm.financial/m/news/2267509301?lang=&edition=fundamental","pubTime":"2022-09-15 17:19","market":"us","language":"en","title":"Sea, AMTD Digital, Adobe And More: U.S. Stocks To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2267509301","media":"Benzinga","summary":"With US stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:","content":"<html><head></head><body><p>With US stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Wall Street expects <b> <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Inc.</b> (NASDAQ:ADBE) to report quarterly earnings at $3.33 per share on revenue of $4.43 billion after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/ARNC\">Arconic Corporation</a> </b> (NYSE:ARNC) lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million. </li><li>Analysts expect <b> Aurora Mobile Limited </b> (NASDAQ:AUR) to post a quarterly loss at $0.03 per share on revenue of $12.90 million for the latest quarter. The company will release earnings before the markets open. </li></ul><ul><li><b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group, Inc. </b> (NASDAQ:EXPE) named Julie Whalen as new Chief Financial Officer, effective September 26, 2022. </li><li>Analysts are expecting <b> <a href=\"https://laohu8.com/S/BOWL\">Bowlero</a> Corp. </b> (NYSE:BOWL) to have earned $0.04 per share on revenue of $195.17 million for the latest quarter. The company will release earnings after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/SE\">Sea Ltd</a></b>&#39;s top management will forgo their salaries and tighten company expense policies, as the Singapore gaming and e-commerce giant tries to shield itself from the economic slowdown threatening tech companies.</li><li><b><a href=\"https://laohu8.com/S/HKD\">AMTD Digital Inc.</a></b> soared a record 311.78% on Wednesday, triggering multiple volatility-related trading halts along the way. The move came alongside a flurry of buying activity, with roughly 1.5 million shares trading hands, more than 5,500% higher than its daily average over the last 10 days. On paper, the surge added nearly $27 billion in market value to the stock.</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>Sea, AMTD Digital, Adobe 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\">\nSea, AMTD Digital, Adobe 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\">2022-09-15 17:19</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 slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:</p><ul><li>Wall Street expects <b> <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Inc.</b> (NASDAQ:ADBE) to report quarterly earnings at $3.33 per share on revenue of $4.43 billion after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/ARNC\">Arconic Corporation</a> </b> (NYSE:ARNC) lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million. </li><li>Analysts expect <b> Aurora Mobile Limited </b> (NASDAQ:AUR) to post a quarterly loss at $0.03 per share on revenue of $12.90 million for the latest quarter. The company will release earnings before the markets open. </li></ul><ul><li><b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group, Inc. </b> (NASDAQ:EXPE) named Julie Whalen as new Chief Financial Officer, effective September 26, 2022. </li><li>Analysts are expecting <b> <a href=\"https://laohu8.com/S/BOWL\">Bowlero</a> Corp. </b> (NYSE:BOWL) to have earned $0.04 per share on revenue of $195.17 million for the latest quarter. The company will release earnings after the closing bell. </li><li><b><a href=\"https://laohu8.com/S/SE\">Sea Ltd</a></b>&#39;s top management will forgo their salaries and tighten company expense policies, as the Singapore gaming and e-commerce giant tries to shield itself from the economic slowdown threatening tech companies.</li><li><b><a href=\"https://laohu8.com/S/HKD\">AMTD Digital Inc.</a></b> soared a record 311.78% on Wednesday, triggering multiple volatility-related trading halts along the way. The move came alongside a flurry of buying activity, with roughly 1.5 million shares trading hands, more than 5,500% higher than its daily average over the last 10 days. On paper, the surge added nearly $27 billion in market value to the stock.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARNC":"Arconic Corporation","BK4554":"元宇宙及AR概念","EXPE":"Expedia","BOWL":"Bowlero","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","ADBE":"Adobe","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4528":"SaaS概念","AUR":"Aurora Innovation","BK4581":"高盛持仓","BK4023":"应用软件","BK4566":"资本集团"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267509301","content_text":"With US stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:Wall Street expects  Adobe Inc. (NASDAQ:ADBE) to report quarterly earnings at $3.33 per share on revenue of $4.43 billion after the closing bell. Arconic Corporation  (NYSE:ARNC) lowered its FY22 sales outlook from $9.6 billion-$10 billion to $9.2 billion-$9.5 billion. The company also said it sees Q3 Adjusted EBITDA to be in the range of $135 million to $150 million. Analysts expect  Aurora Mobile Limited  (NASDAQ:AUR) to post a quarterly loss at $0.03 per share on revenue of $12.90 million for the latest quarter. The company will release earnings before the markets open. Expedia Group, Inc.  (NASDAQ:EXPE) named Julie Whalen as new Chief Financial Officer, effective September 26, 2022. Analysts are expecting  Bowlero Corp.  (NYSE:BOWL) to have earned $0.04 per share on revenue of $195.17 million for the latest quarter. The company will release earnings after the closing bell. Sea Ltd's top management will forgo their salaries and tighten company expense policies, as the Singapore gaming and e-commerce giant tries to shield itself from the economic slowdown threatening tech companies.AMTD Digital Inc. soared a record 311.78% on Wednesday, triggering multiple volatility-related trading halts along the way. The move came alongside a flurry of buying activity, with roughly 1.5 million shares trading hands, more than 5,500% higher than its daily average over the last 10 days. On paper, the surge added nearly $27 billion in market value to the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935925632,"gmtCreate":1663028137226,"gmtModify":1676537184789,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"I was a new trader who don't know which platform to use. Then I was introduced to Tiger. Its a great app, user friendly and neat interface. #tothemoonwithtiger","listText":"I was a new trader who don't know which platform to use. Then I was introduced to Tiger. Its a great app, user friendly and neat interface. #tothemoonwithtiger","text":"I was a new trader who don't know which platform to use. Then I was introduced to Tiger. Its a great app, user friendly and neat interface. #tothemoonwithtiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935925632","isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933503197,"gmtCreate":1662307981720,"gmtModify":1676537034232,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933503197","repostId":"1121703727","repostType":4,"repost":{"id":"1121703727","pubTimestamp":1662255934,"share":"https://ttm.financial/m/news/1121703727?lang=&edition=fundamental","pubTime":"2022-09-04 09:45","market":"us","language":"en","title":"Why Meta Platforms Stock Could Break To The Upside In October","url":"https://stock-news.laohu8.com/highlight/detail?id=1121703727","media":"Seeking Alpha","summary":"SummaryI am a big Meta bull, as I believe the company's stock is deeply undervalued as compared to c","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>I am a big Meta bull, as I believe the company&#39;s stock is deeply undervalued as compared to current fundamentals and future growth potential.</li><li>In this article I will provide investors with an important update regarding Mark Zuckerberg&#39;s Metaverse strategy: the launch of a new high-end VR console.</li><li>Cambria could be the upside catalyst which proves that Meta remains one of the world&#39;s leading tech companies, and that the investments in R&amp;D are not wasted.</li><li>Cambria’s key new technology features will be better display resolutions as well as eye and face tracking.</li><li>Investors who trade options might like to have a look at the 105/115%-Moneyness Call spreads with October 28 expiry. The trade offers a payout of 4:1.</li></ul><p><b>Thesis</b></p><p>I am a big Meta (NASDAQ:META) bull, as I believe the company&#39;s stock is deeply undervalued as compared to current fundamentals and future growth potential. But the market arguably disagrees. Ever since Mark Zuckerberg presented his vision for the &#39;Metaverse&#39; the company&#39;s stock has entered a vicious bear market. And META stock is down more than 55% from all-time highs.</p><p><img src=\"https://static.tigerbbs.com/880c87d19986febd99fda257e49f17e7\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>In my article Meta Platforms Stock: Exposing Senseless NarrativesI claimed the market is making a mistake, arguing against the TikTok narrative (1), the no-growth narrative (2), and the anti-metaverse narrative (3).</p><p>In this article I will provide investors with an important update regarding Mark Zuckerberg&#39;s Metaverse strategy - the launch of a new high-end VR console. This, in my opinion, could likely be the upside catalyst which proves to the market that Meta Platforms is one of the world&#39;s leading tech companies, and that the investments in R&amp;D are not wasted after all.</p><p><b>Excited About The Metaverse</b></p><p>Meta announced earnings for the June quarter 2022on 27 July and delivered numbers slightly below analyst consensus. However, the &#39;recessionary&#39; environment for digital advertisers has already been well noted after Snap&#39;s (SNAP) profit warning in May. Accordingly, I personally was much more focused on Zuckerberg’s qualitative comments during the analyst conference call.</p><p>One of the most interesting aspects of Meta&#39;s earnings call was related to Zuckerberg&#39;s comments regarding the Metaverse. He, like me, is still very excited about this opportunity, and it is good to see that he is pushing the vision forward, despite the market&#39;s negative sentiment regarding the Metaverse&#39;s economic potential. Zuckerberg said(emphasis added):</p><blockquote><i>I feel even more strongly now that developing these platforms will unlock hundreds of billions of dollars,</i><i><b>if not trillions</b></i><i>, over time.</i></blockquote><p>Arguably, one of the key reasons for Zuckerberg&#39;s optimism was connected to the awaited launch of &#39;Project Cambria&#39;, which has been scheduled to be released as early as Q3 2022. Zuckerberg commented:</p><blockquote><i>Later this year we&#39;ll release Project Cambria - and the experience here is getting pretty awesome.</i></blockquote><p><b>Upside Catalyst: Project Cambria</b></p><p>Project Cambria has been teased in 2021 and is thought to be the next evolution of Meta&#39;s popular Quest 2 headset. Arguably, Cambria’s key new technology features will be better display resolutions as well as eye and face tracking. Joe Rogan, who has enjoyed the opportunity to try the device, has been fascinated by the technology:</p><blockquote><i>It’s so interesting when you put it on ... I’ll just describe it to people: When you put it on there was an avatar in front of me and it was an alien woman. And the alien woman, when I moved my mouth, she moved her mouth. When I moved my eyes left and right, she’s tracking my eyes. When I make an angry face it makes an angry face. When you go &#39;ooh!&#39; ... it’s incredible.</i></blockquote><p>Joe Rogan also added:</p><blockquote><i>You know ... Oculus is awesome. It&#39;s very impressive. It&#39;s very cool.</i></blockquote><p>And there should be no doubt that when Joe Rogan says something, he really means it. Zuckerberg himself said:</p><blockquote><i>It&#39;ll be a high-end device focused on professional users and work, with high resolution color mixed reality … I think people are going to be pretty blown away by this.</i></blockquote><p>It is also expected that Meta&#39;s new virtual reality headset will allow for AR experiences, which would allow users to engage their real-world surroundings with the VR technology. This, in my opinion, would support a wide range of activities in the context of work, fitness and gaming. The Cambria headset is expected to bepriced at approximately $800.</p><p><b>Conclusion</b></p><p><b>Investor Implication</b></p><p>I continue to believe that META stock is deeply undervalued. And I continue to sustain the claim that the stock&#39;s fair implied price is somewhere around $280/share. But so far, the market has not agreed. This could change rapidly, in my opinion, once investors see more tangible results in connection to Zuckerberg&#39;s Metaverse strategy. Project Cambria could serve as a potential catalyst.</p><p>Personally, I am very excited for Meta&#39;s new VR/AR headset, and I believe the launch of this technology will underscore the company&#39;s leading position as a true tech company. Investor sentiment is poised to change accordingly.</p><p><b>Trade Recommendation</b></p><p>Investors who trade options might like to have a look at the 105/115%-Moneyness Call spreads with October 28 expiry. Based on the implied volatility of 42% as of September 2nd, the trade would give a payout of approximately 4:1, if META shares close above 115% moneyness at expiration (ref, ca. 190 strike).</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>Why Meta Platforms Stock Could Break To The Upside In 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; 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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\">\nWhy Meta Platforms Stock Could Break To The Upside In October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-04 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4538805-meta-platforms-stock-potential-upside-october?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI am a big Meta bull, as I believe the company's stock is deeply undervalued as compared to current fundamentals and future growth potential.In this article I will provide investors with an ...</p>\n\n<a href=\"https://seekingalpha.com/article/4538805-meta-platforms-stock-potential-upside-october?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://seekingalpha.com/article/4538805-meta-platforms-stock-potential-upside-october?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121703727","content_text":"SummaryI am a big Meta bull, as I believe the company's stock is deeply undervalued as compared to current fundamentals and future growth potential.In this article I will provide investors with an important update regarding Mark Zuckerberg's Metaverse strategy: the launch of a new high-end VR console.Cambria could be the upside catalyst which proves that Meta remains one of the world's leading tech companies, and that the investments in R&D are not wasted.Cambria’s key new technology features will be better display resolutions as well as eye and face tracking.Investors who trade options might like to have a look at the 105/115%-Moneyness Call spreads with October 28 expiry. The trade offers a payout of 4:1.ThesisI am a big Meta (NASDAQ:META) bull, as I believe the company's stock is deeply undervalued as compared to current fundamentals and future growth potential. But the market arguably disagrees. Ever since Mark Zuckerberg presented his vision for the 'Metaverse' the company's stock has entered a vicious bear market. And META stock is down more than 55% from all-time highs.Seeking AlphaIn my article Meta Platforms Stock: Exposing Senseless NarrativesI claimed the market is making a mistake, arguing against the TikTok narrative (1), the no-growth narrative (2), and the anti-metaverse narrative (3).In this article I will provide investors with an important update regarding Mark Zuckerberg's Metaverse strategy - the launch of a new high-end VR console. This, in my opinion, could likely be the upside catalyst which proves to the market that Meta Platforms is one of the world's leading tech companies, and that the investments in R&D are not wasted after all.Excited About The MetaverseMeta announced earnings for the June quarter 2022on 27 July and delivered numbers slightly below analyst consensus. However, the 'recessionary' environment for digital advertisers has already been well noted after Snap's (SNAP) profit warning in May. Accordingly, I personally was much more focused on Zuckerberg’s qualitative comments during the analyst conference call.One of the most interesting aspects of Meta's earnings call was related to Zuckerberg's comments regarding the Metaverse. He, like me, is still very excited about this opportunity, and it is good to see that he is pushing the vision forward, despite the market's negative sentiment regarding the Metaverse's economic potential. Zuckerberg said(emphasis added):I feel even more strongly now that developing these platforms will unlock hundreds of billions of dollars,if not trillions, over time.Arguably, one of the key reasons for Zuckerberg's optimism was connected to the awaited launch of 'Project Cambria', which has been scheduled to be released as early as Q3 2022. Zuckerberg commented:Later this year we'll release Project Cambria - and the experience here is getting pretty awesome.Upside Catalyst: Project CambriaProject Cambria has been teased in 2021 and is thought to be the next evolution of Meta's popular Quest 2 headset. Arguably, Cambria’s key new technology features will be better display resolutions as well as eye and face tracking. Joe Rogan, who has enjoyed the opportunity to try the device, has been fascinated by the technology:It’s so interesting when you put it on ... I’ll just describe it to people: When you put it on there was an avatar in front of me and it was an alien woman. And the alien woman, when I moved my mouth, she moved her mouth. When I moved my eyes left and right, she’s tracking my eyes. When I make an angry face it makes an angry face. When you go 'ooh!' ... it’s incredible.Joe Rogan also added:You know ... Oculus is awesome. It's very impressive. It's very cool.And there should be no doubt that when Joe Rogan says something, he really means it. Zuckerberg himself said:It'll be a high-end device focused on professional users and work, with high resolution color mixed reality … I think people are going to be pretty blown away by this.It is also expected that Meta's new virtual reality headset will allow for AR experiences, which would allow users to engage their real-world surroundings with the VR technology. This, in my opinion, would support a wide range of activities in the context of work, fitness and gaming. The Cambria headset is expected to bepriced at approximately $800.ConclusionInvestor ImplicationI continue to believe that META stock is deeply undervalued. And I continue to sustain the claim that the stock's fair implied price is somewhere around $280/share. But so far, the market has not agreed. This could change rapidly, in my opinion, once investors see more tangible results in connection to Zuckerberg's Metaverse strategy. Project Cambria could serve as a potential catalyst.Personally, I am very excited for Meta's new VR/AR headset, and I believe the launch of this technology will underscore the company's leading position as a true tech company. Investor sentiment is poised to change accordingly.Trade RecommendationInvestors who trade options might like to have a look at the 105/115%-Moneyness Call spreads with October 28 expiry. Based on the implied volatility of 42% as of September 2nd, the trade would give a payout of approximately 4:1, if META shares close above 115% moneyness at expiration (ref, ca. 190 strike).","news_type":1},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933503936,"gmtCreate":1662307956526,"gmtModify":1676537034222,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933503936","repostId":"1125662748","repostType":4,"repost":{"id":"1125662748","pubTimestamp":1662259252,"share":"https://ttm.financial/m/news/1125662748?lang=&edition=fundamental","pubTime":"2022-09-04 10:40","market":"us","language":"en","title":"7 Stocks Reporting Earnings the Week of Sept. 5","url":"https://stock-news.laohu8.com/highlight/detail?id=1125662748","media":"InvestorPlace","summary":"Here are seven stocks reporting quarterly earnings the week of Sept. 5.Nio(NIO): The troubled Chines","content":"<html><head></head><body><ul><li>Here are seven stocks reporting quarterly earnings the week of Sept. 5.</li><li><b>Nio</b>(<b><u>NIO</u></b>): The troubled Chinese electric vehicle maker could use some good news.</li><li><b>GameStop</b>(<b><u>GME</u></b>): Expect investors to push up the price of this meme stock following its quarterly print.</li><li><b>Asana</b>(<b><u>ASAN</u></b>): The software maker has been one of the hardest-hit tech stocks this year.</li><li><b>DocuSign</b>(<b><u>DOCU</u></b>): The online document management company is struggling to find its way after the pandemic.</li><li><b>Smith &amp; Wesson</b>(<b><u>SWBI</u></b>): A strong earnings report could help the firearms maker to move past a recent controversy.</li><li><b>Dave &amp; Buster’s</b>(<b><u>PLAY</u></b>): The restaurant chain’s stock is one of the few that is actually up this year.</li><li><b>Kroger</b>(<b><u>KR</u></b>): The grocery retailer has shown that it is able to manage inflation and keep its loyal customer base.</li></ul><p>September is traditionally the worst month for stocks and the month ahead could be a doozy for investors. After a big run in July, the benchmark <b>S&amp;P 500</b> enters September having fallen 4% during August to below 4,000. If history is a guide, more pain can be expected for stocks in the coming weeks.</p><p>Against this backdrop, we’ll get earnings results in the coming week from a number of leading companies that include a national grocery retailer, well-known restaurant chain, electric vehicle maker, and the original meme stock.</p><p>Combined, the quarterly prints could help to set the tone for the month ahead. Earnings for the second quarter of this year haven’t been particularly strong, adding to the gloomy mood on Wall Street. With more than 90% of companies in the S&amp;P 500 having reported, the earnings growth rate has been the lowest in nearly two years, according to data from FactSet. Can things turnaround in the coming days?</p><p>We’ll find out when these seven stocks report their earnings the week of Sept. 5.</p><p><b>Nio (NIO)</b></p><p>It’s been quite a year for Chinese electric vehicle maker <b>Nio</b>(NYSE:<b><u>NIO</u></b>). Since the spring, the Shanghai-based company has dealt with accounting issues that threatened its stock listing in the U.S., pursued a new listing of its shares in Singapore, grappled with the deaths of two staff members, faced a trademark lawsuit from European rival <b>Volkswagen</b>(OTCMKTS:<b><u>VWAGY</u></b>), and had its main manufacturing plant shut down by new Covid-19 lockdowns.</p><p>All the drama has pushed NIO stock down 42% this year. Management at Nio is looking ahead to better days now that its manufacturing hub in Shanghai is back up and running. Despite the shutdown of its operations in May and part of June, the company recently reported that it managed to deliver 10,052 cars in July, which was27% more than it delivered a year earlier. Analysts expect Nio to report an earnings per share loss of 17 cents on revenues of $1.39 billion when it reports on Sept. 7.</p><p><b>GameStop (GME)</b></p><p>Does it really matter what numbers <b>GameStop</b>(NYSE:<b><u>GME</u></b>) reports next week? Chances are that retail investors will bid the stock up no matter what. That’s certainly been the case the last few times that GameStop’s quarterly print has been made public. And with indications pointing to are surgence in meme stock interest, GME stock could be poised for a pop.</p><p>So far this year, GME stock is down 26%. However, the stock enjoyed runs up as high as $42 a share on Aug. 8 and again on Aug. 16 as retail investors once again took a run at the heavily shorted video game retailer.</p><p>Wall Street analysts are expecting the company to report an earnings per share loss of 38 cents on revenues of $1.27 billion when it issues its latest print on Sept. 7.</p><p><b>Asana (ASAN)</b></p><p>Among technology stocks, San Francisco-based <b>Asana</b>(NYSE:<b><u>ASAN</u></b>) has taken some serious blows this year. After running up 447% from its October 2020 initial public offering to November of last year, the stock has crumbled 77% this year as investors flee unprofitable tech stocks. At its current share price of $17.30, ASAN stock is trading below its IPO price of $21.</p><p>A software company that sells a web-based and mobile work management platform designed to help companies organize, track, and manage workflows, Asana was co-founded by Dustin Moskovitz, who also co-founded <b>Meta Platforms</b>(NASDAQ:<b><u>META</u></b>). The company had an impressive pedigree and its focus on remote work was all the rage during the Covid-19 crisis. But with companies now focused on return-to-work policies, investors are abandoning Asana.</p><p>Analysts are calling for the company to report an earnings per share loss of 39 cents on revenues of $127.24 million on Sept. 7.</p><p><b>DocuSign (DOCU)</b></p><p>Speaking of stocks that thrived during the pandemic only to implode this year, electronic signature and document management company <b>DocuSign</b>(NASDAQ:<b><u>DOCU</u></b>) reports its latest earnings on Sept. 8. So far this year, DOCU stock has plunged 63%. Over the past 12 months, the stock has fallen 80%. It’s a big comedown for a company whose shares were trading at more than $310 a year ago. But with companies emerging from Covid-19 lockdowns, demand for DocuSign has waned.</p><p>The downward pressure led to DocuSign CEO Dan Springer resigning in June of this year. The CEO departure further shook confidence in DOCU stock, as did a recent downgrade by RBC Capital Markets.</p><p>A disappointing print next week could lead to further erosion in the company’s stock. For their part, analysts who cover DocuSign have forecast that the company will report earnings per share of 42 cents on revenues of $602.34 million.</p><p><b>Smith &amp; Wesson (SWBI)</b></p><p>Firearms manufacturer <b>Smith &amp; Wesson</b>(NASDAQ:<b><u>SWBI</u></b>) also reports results next week, and Wall Street is looking for the Springfield, Massachusetts-based company to report earnings per share of $1.57 on revenues amounting to $129.78 million. The maker of revolvers and hunting rifles has seen its stock fall this year amid broader market turmoil. Since January, SWBI stock has declined 25%. In the past year, the company’s share price has declined 45%.</p><p>The company most recently generated headlines after CEO Mark Smith refused to testify at a House Oversight Committee hearing alongside other top executives of weapons makers, and accused politicians and the media of stoking a surge in gun violence happening across the U.S. That situation led to a backlash against Smith &amp; Wesson on social media. The company and its shareholders will no doubt be hoping that a positive earnings report will change the current narrative.</p><p><b>Dave &amp; Buster’s (PLAY)</b></p><p>Restaurant chain Dave &amp; Buster’s (NASDAQ:<b>PLAY</b>) is actually up this year, having gained 6%. While a 6% gain might seem modest, it is ways ahead of the S&amp;P 500. Dave &amp; Buster’s appears to be benefitting from economic reopening and families returning to in-person dining at its 147 locations in the U.S. and Canada.</p><p>PLAY stock jumped 24% after the company’s last earnings report showed solid growth on both the top and bottom lines. And, Dave &amp; Buster’s announced plans to introduce new games and menu items at its franchise locations over the summer months, a move that could further bolster its earnings. The company also continues to add popular virtual reality attractions at its restaurants, which have helped to draw families. Analysts have Dave &amp; Buster’spenciled in to report earnings per share of $1.07 on revenues of $432.91 million.</p><p><b>Kroger (KR)</b></p><p>The week ends with a print from <b>Kroger</b>(NYSE:<b><u>KR</u></b>), the largest supermarket chain in the U.S. The Cincinnati-based company is also one of the biggest private sector employers in America with roughly 500,000 people on its payroll. Like most retailers, Kroger has been managing high rates of inflation this year and adjusting its prices accordingly. However, inflation running at a 40-year high hasn’t hurt the company, which sells consumer essentials that provide it with pricing power.</p><p>Year to date, KR stock is up 8%. The share price recently took a knock when it was revealed that famed investor Warren Buffett trimmed his holding in the company. Buffett didn’t comment on the reasons for his sale of the stock, but he remains the third-largest shareholder of the grocery store chain with a $2.5 billion stake. Kroger stock continues to be widely viewed as a good hedge against inflation in the current volatile market. Analysts expect Kroger to announce earnings per share of 77 cents on revenues of $34.25 billion.</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>7 Stocks Reporting Earnings the Week of Sept. 5</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\">\n7 Stocks Reporting Earnings the Week of Sept. 5\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-04 10:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/earnings-reports/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are seven stocks reporting quarterly earnings the week of Sept. 5.Nio(NIO): The troubled Chinese electric vehicle maker could use some good news.GameStop(GME): Expect investors to push up the ...</p>\n\n<a href=\"https://investorplace.com/earnings-reports/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KR":"克罗格","ASAN":"阿莎娜","GME":"游戏驿站","PLAY":"Dave & Buster","SWBI":"Smith And Wesson Brands Inc","DOCU":"Docusign","NIO":"蔚来"},"source_url":"https://investorplace.com/earnings-reports/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125662748","content_text":"Here are seven stocks reporting quarterly earnings the week of Sept. 5.Nio(NIO): The troubled Chinese electric vehicle maker could use some good news.GameStop(GME): Expect investors to push up the price of this meme stock following its quarterly print.Asana(ASAN): The software maker has been one of the hardest-hit tech stocks this year.DocuSign(DOCU): The online document management company is struggling to find its way after the pandemic.Smith & Wesson(SWBI): A strong earnings report could help the firearms maker to move past a recent controversy.Dave & Buster’s(PLAY): The restaurant chain’s stock is one of the few that is actually up this year.Kroger(KR): The grocery retailer has shown that it is able to manage inflation and keep its loyal customer base.September is traditionally the worst month for stocks and the month ahead could be a doozy for investors. After a big run in July, the benchmark S&P 500 enters September having fallen 4% during August to below 4,000. If history is a guide, more pain can be expected for stocks in the coming weeks.Against this backdrop, we’ll get earnings results in the coming week from a number of leading companies that include a national grocery retailer, well-known restaurant chain, electric vehicle maker, and the original meme stock.Combined, the quarterly prints could help to set the tone for the month ahead. Earnings for the second quarter of this year haven’t been particularly strong, adding to the gloomy mood on Wall Street. With more than 90% of companies in the S&P 500 having reported, the earnings growth rate has been the lowest in nearly two years, according to data from FactSet. Can things turnaround in the coming days?We’ll find out when these seven stocks report their earnings the week of Sept. 5.Nio (NIO)It’s been quite a year for Chinese electric vehicle maker Nio(NYSE:NIO). Since the spring, the Shanghai-based company has dealt with accounting issues that threatened its stock listing in the U.S., pursued a new listing of its shares in Singapore, grappled with the deaths of two staff members, faced a trademark lawsuit from European rival Volkswagen(OTCMKTS:VWAGY), and had its main manufacturing plant shut down by new Covid-19 lockdowns.All the drama has pushed NIO stock down 42% this year. Management at Nio is looking ahead to better days now that its manufacturing hub in Shanghai is back up and running. Despite the shutdown of its operations in May and part of June, the company recently reported that it managed to deliver 10,052 cars in July, which was27% more than it delivered a year earlier. Analysts expect Nio to report an earnings per share loss of 17 cents on revenues of $1.39 billion when it reports on Sept. 7.GameStop (GME)Does it really matter what numbers GameStop(NYSE:GME) reports next week? Chances are that retail investors will bid the stock up no matter what. That’s certainly been the case the last few times that GameStop’s quarterly print has been made public. And with indications pointing to are surgence in meme stock interest, GME stock could be poised for a pop.So far this year, GME stock is down 26%. However, the stock enjoyed runs up as high as $42 a share on Aug. 8 and again on Aug. 16 as retail investors once again took a run at the heavily shorted video game retailer.Wall Street analysts are expecting the company to report an earnings per share loss of 38 cents on revenues of $1.27 billion when it issues its latest print on Sept. 7.Asana (ASAN)Among technology stocks, San Francisco-based Asana(NYSE:ASAN) has taken some serious blows this year. After running up 447% from its October 2020 initial public offering to November of last year, the stock has crumbled 77% this year as investors flee unprofitable tech stocks. At its current share price of $17.30, ASAN stock is trading below its IPO price of $21.A software company that sells a web-based and mobile work management platform designed to help companies organize, track, and manage workflows, Asana was co-founded by Dustin Moskovitz, who also co-founded Meta Platforms(NASDAQ:META). The company had an impressive pedigree and its focus on remote work was all the rage during the Covid-19 crisis. But with companies now focused on return-to-work policies, investors are abandoning Asana.Analysts are calling for the company to report an earnings per share loss of 39 cents on revenues of $127.24 million on Sept. 7.DocuSign (DOCU)Speaking of stocks that thrived during the pandemic only to implode this year, electronic signature and document management company DocuSign(NASDAQ:DOCU) reports its latest earnings on Sept. 8. So far this year, DOCU stock has plunged 63%. Over the past 12 months, the stock has fallen 80%. It’s a big comedown for a company whose shares were trading at more than $310 a year ago. But with companies emerging from Covid-19 lockdowns, demand for DocuSign has waned.The downward pressure led to DocuSign CEO Dan Springer resigning in June of this year. The CEO departure further shook confidence in DOCU stock, as did a recent downgrade by RBC Capital Markets.A disappointing print next week could lead to further erosion in the company’s stock. For their part, analysts who cover DocuSign have forecast that the company will report earnings per share of 42 cents on revenues of $602.34 million.Smith & Wesson (SWBI)Firearms manufacturer Smith & Wesson(NASDAQ:SWBI) also reports results next week, and Wall Street is looking for the Springfield, Massachusetts-based company to report earnings per share of $1.57 on revenues amounting to $129.78 million. The maker of revolvers and hunting rifles has seen its stock fall this year amid broader market turmoil. Since January, SWBI stock has declined 25%. In the past year, the company’s share price has declined 45%.The company most recently generated headlines after CEO Mark Smith refused to testify at a House Oversight Committee hearing alongside other top executives of weapons makers, and accused politicians and the media of stoking a surge in gun violence happening across the U.S. That situation led to a backlash against Smith & Wesson on social media. The company and its shareholders will no doubt be hoping that a positive earnings report will change the current narrative.Dave & Buster’s (PLAY)Restaurant chain Dave & Buster’s (NASDAQ:PLAY) is actually up this year, having gained 6%. While a 6% gain might seem modest, it is ways ahead of the S&P 500. Dave & Buster’s appears to be benefitting from economic reopening and families returning to in-person dining at its 147 locations in the U.S. and Canada.PLAY stock jumped 24% after the company’s last earnings report showed solid growth on both the top and bottom lines. And, Dave & Buster’s announced plans to introduce new games and menu items at its franchise locations over the summer months, a move that could further bolster its earnings. The company also continues to add popular virtual reality attractions at its restaurants, which have helped to draw families. Analysts have Dave & Buster’spenciled in to report earnings per share of $1.07 on revenues of $432.91 million.Kroger (KR)The week ends with a print from Kroger(NYSE:KR), the largest supermarket chain in the U.S. The Cincinnati-based company is also one of the biggest private sector employers in America with roughly 500,000 people on its payroll. Like most retailers, Kroger has been managing high rates of inflation this year and adjusting its prices accordingly. However, inflation running at a 40-year high hasn’t hurt the company, which sells consumer essentials that provide it with pricing power.Year to date, KR stock is up 8%. The share price recently took a knock when it was revealed that famed investor Warren Buffett trimmed his holding in the company. Buffett didn’t comment on the reasons for his sale of the stock, but he remains the third-largest shareholder of the grocery store chain with a $2.5 billion stake. Kroger stock continues to be widely viewed as a good hedge against inflation in the current volatile market. Analysts expect Kroger to announce earnings per share of 77 cents on revenues of $34.25 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939927047,"gmtCreate":1662044748891,"gmtModify":1676536752044,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9939927047","repostId":"1160870826","repostType":4,"repost":{"id":"1160870826","pubTimestamp":1662045526,"share":"https://ttm.financial/m/news/1160870826?lang=&edition=fundamental","pubTime":"2022-09-01 23:18","market":"us","language":"en","title":"Billionaires Have Been Buying These 7 Stocks as the Market Plunges","url":"https://stock-news.laohu8.com/highlight/detail?id=1160870826","media":"Motley Fool","summary":"KEY POINTSThe broad-based S&P 500 produced its worst first-half return in 52 years.Rather than being","content":"<html><head></head><body><p>KEY POINTS</p><ul><li>The broad-based S&amp;P 500 produced its worst first-half return in 52 years.</li><li>Rather than being chased to the sideline, billionaire investors have stood their ground and put their money to work.</li><li>These seven stocks have been the apple of select billionaires&#39; eyes.</li></ul><p>Although you probably don&#39;t need the reminder, it&#39;s been a rough year on Wall Street. The benchmark S&amp;P 500 produced its worst first-half return since 1970. Meanwhile, the growth-centric Nasdaq Composite plunged 34% on a peak-to-trough basis since hitting its all-time closing high in November. Everything from weak economic growth and historically high inflation to Russia&#39;s invasion of Ukraine further upsetting the global energy supply chain has contributed to this challenging year.</p><p>Yet, in spite of the stock market plunging throughout much of the year, billionaire investors have stood their ground. Billionaire money managers are well aware that every notable pullback in the market has proved to be a buying opportunity over the long run.</p><p>Based on recent 13F filings with the Securities and Exchange Commission, it&#39;s become clear that billionaire fund managers have been buyers as the market plunges. Here&#39;s what seven prominent billionaires have been buying.</p><h3>1. Paul Singer: <a href=\"https://laohu8.com/S/PYPL\">PayPal Holdings</a></h3><p>Billionaire activist investor Paul Singer of Elliott Investment Management has been a busy bee in 2022. Most notably, he&#39;s taken a roughly $2 billion stake in fintech stock PayPal Holdings (PYPL), which was disclosed by PayPal in its second-quarter earnings release.</p><p>What&#39;s interesting about this position is that Singer often invests in struggling companies. Although PayPal&#39;s share price has taken a big hit as pandemic-related valuations deflate, PayPal&#39;s operating performance shows a company that&#39;s clearly not hurting. Even with U.S. gross domestic product falling in back-to-back quarters, PayPal has maintained double-digit total payment volume growth on a constant-currency basis.</p><p>More importantly, user engagement hasn&#39;t slowed down. When 2020 came to a close, the average active account completed just shy of 41 transactions over the trailing year. As of June 30, 2022, this average active account hadcompleted nearly 49 transactions over the trailing 12 months.  With engagement trends headed in the right direction and digital payment growth still in its very early innings, I&#39;d be surprised if Singer&#39;s investment ultimately ended up in the red.</p><h3>2. Philippe Laffont: <a href=\"https://laohu8.com/S/UPST\">Upstart Holdings</a></h3><p>Philippe Laffont may not be a household name among billionaire money managers, but he successfully oversees Coatue Management, a hedge fund with almost $8.3 billion in assets under management. In the latest quarter, Laffont added almost $75 million in shares of cloud-based lending platform Upstart Holdings (UPST).</p><p>Upstart aims to completely turn the traditional loan-vetting process on its head. It uses artificial intelligence (AI) to completely automate and approve about three-quarters of all loans processed. Not only is this saving the roughly six dozen financial institutions Upstart is partnered with time and money, but it&#39;s giving loan applicants who might otherwise be denied through the traditional vetting process an opportunity. Upstart-vetted loans have produced similar loan delinquency rates as traditional loans, despite a lower average credit score for Upstart-approved applicants.</p><p>The other lure for Upstart is its potential for expansion. Until last year, Upstart almost exclusively focused on personal loans. With the company now expanding into auto loans and small business loans, its addressable market has increased tenfold.</p><h3>3. Warren Buffett: <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a></h3><p>The Oracle of Omaha, who&#39;s been CEO of Berkshire Hathaway since 1965, probably needs no introduction. Among the16 stocks Warren Buffett has purchased this year, none has raised more eyebrows than oil stock Occidental Petroleum. Berkshire has acquired nearly 188.4 million shares of Occidental this year, as of Aug. 8.</p><p>Why Occidental Petroleum? The best guess is that Buffett strongly believes crude oil and natural gas prices will remain elevated for years to come. This is a forecast that can certainly be supported by reduced capital investments in the wake of the pandemic, as well as Russia&#39;s aforementioned invasion of Ukraine. With no quick fixes to global supply woes, oil and natural gas could very easily support above-average spot prices for years.</p><p>But what makes Occidental such an odd Buffett stockis its balance sheet. The Oracle of Omaha normally buys stakes in businesses with strong brand names, exceptional leadership, and rock-solid balance sheets. Occidental is more highly levered than most integrated oil and gas companies. In other words, this is a riskier investment than we&#39;re used to seeing from Buffett.</p><h3>4. Steve Cohen: <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike Holdings</a></h3><p>Billionaire Steve Cohen, who&#39;s known just as much for owning baseball&#39;s New York Mets as he is for running Point72 Asset Management, has been an active buyer of cybersecurity stock CrowdStrike Holdings as the market plunges. Cohen&#39;s fund bought close to 820,000 shares of CrowdStrike during the second quarter.</p><p>Aside from the fact that cybersecurity solutions have evolved into a basic necessity service in any economic environment, what allows CrowdStrike to stand out is its AI-driven Falcon platform. Falcon oversees about 1 trillion events daily and has proved superior to the on-premises competition at identifying and responding to potential threats.</p><p>Although CrowdStrike has had no trouble growing its subscriber base over the years, what&#39;s far more impressive is how the company has been able to encourage existing clients to spend more. A little over five years ago, just 9% of the company&#39;s clients had purchased four or more cloud-module subscriptions. As of the end of April 2022, 71% of existing clients had purchased four or more cloud-module subscriptions. This is CrowdStrike&#39;s not-so-subtle key to superior operating margins and its amazing revenue retention rate.</p><h3>5. Jim Simons: <a href=\"https://laohu8.com/S/SHOP\">Shopify</a></h3><p>Billionaire Jim Simons of Renaissance Technologies has thousands upon thousands of positions. However, cloud-based e-commerce platform Shopify (SHOP 0.93%) became one of Renaissance&#39;s largest positions during the second quarter, with a greater than 14-million-share aggregate buy.</p><p>Despite shares coming under heavy selling pressure due to the company&#39;s nosebleed valuation and recent weakness in retail sales as a whole, Shopify looks like a giant in the making. Aided by the pandemic, the gross merchandise value transacted on Shopify&#39;s platforms (as of the June-ended quarter) has grown by an annual average of 50% over the past three years.  What&#39;s more, the company believes it has a $153 billion addressable market just with small businesses. This doesn&#39;t even factor in the inroads the company has made with larger companies.</p><p>Innovation should also be key for Shopify&#39;s long-term outlook. The introduction of Shop Pay, a buy now, pay later service designed to help merchants serve more customers, should benefit nicely during long-winded periods of economic expansion.</p><h3>6. Ray Dalio: <a href=\"https://laohu8.com/S/CVS\">CVS Health</a></h3><p>Bridgewater Associates&#39; billionaire money manager Ray Dalio has also been an active buyer. Dalio chose to pile into CVS Health (CVS -0.66%) as the market plunged. Bridgewater bought close to 1.94 million shares during the second quarter, which increased the fund&#39;s stake by 159% from the March-ended quarter.</p><p>The beauty of healthcare stocks is that they&#39;re defensive. People can&#39;t control when they get sick, which means there&#39;s always demand for prescription drugs, medical devices, and healthcare services.</p><p>On a more company-specific basis, CVS Health has benefited from its vertical integration. Its acquisition of health insurer Aetna in 2018 lifted its organic growth rate, provided ample cost synergies, and gave more than 20 million insured Aetna members a reason to stay within the CVS Health network.</p><p>Additionally, CVS has been reaping the rewards of its HealthHUB health clinics. In the wake of the COVID-19 pandemic, consumers have demonstrated they&#39;re eager for quick solutions to minor illnesses and injuries, as well as supplemental care for chronic conditions. The roughly 1,500 HealthHUBs CVS operates are facilitating these interactions, which have the potential to boost customer loyalty and drive repeat visits.</p><h3>7. Jeff Yass: <a href=\"https://laohu8.com/S/AMZN\">Amazon</a></h3><p>Last but not least, billionaire Jeff Yass of Susquehanna International has been buying FAANG stock Amazon as the market plunges. Susquehanna added close to 6.6 million shares of Amazon during the second quarter, which increased its stake to approximately 15.2 million shares.</p><p>Although Amazon is best known for its dominant online marketplace, which is estimated to bring in 40% of U.S. retail sales in 2022, per eMarketer, it&#39;s the company&#39;s considerably higher-margin ancillary operations that make it such an ideal buy.</p><p>For instance, Amazon&#39;s online marketplace has helped attract more than 200 million global Prime subscribers. With almost $35 billion in annual run-rate sales from subscription services, Amazon is able to divert plenty of capital to its fast-growing logistics network and other supercharged growth projects.</p><p>However, Amazon&#39;s future is undeniably linked to cloud infrastructure segment Amazon Web Services (AWS). AWS brought in 31% of cloud spending during the second quarter, according to estimates from Canalys.  More importantly, AWS is responsible for generating the bulk of Amazon&#39;s operating cash flow despite accounting for just a sixth of the company&#39;s net sales. As AWS grows into a larger percentage of total sales, Amazon&#39;s cash flow can soar.</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>Billionaires Have Been Buying These 7 Stocks as the Market Plunges</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\">\nBillionaires Have Been Buying These 7 Stocks as the Market Plunges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-01 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/01/billionaires-buying-7-stocks-as-the-market-plunges/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe broad-based S&P 500 produced its worst first-half return in 52 years.Rather than being chased to the sideline, billionaire investors have stood their ground and put their money to work....</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/01/billionaires-buying-7-stocks-as-the-market-plunges/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","PYPL":"PayPal","CVS":"西维斯健康","SHOP":"Shopify Inc","OXY":"西方石油","UPST":"Upstart Holdings, Inc.","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2022/09/01/billionaires-buying-7-stocks-as-the-market-plunges/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160870826","content_text":"KEY POINTSThe broad-based S&P 500 produced its worst first-half return in 52 years.Rather than being chased to the sideline, billionaire investors have stood their ground and put their money to work.These seven stocks have been the apple of select billionaires' eyes.Although you probably don't need the reminder, it's been a rough year on Wall Street. The benchmark S&P 500 produced its worst first-half return since 1970. Meanwhile, the growth-centric Nasdaq Composite plunged 34% on a peak-to-trough basis since hitting its all-time closing high in November. Everything from weak economic growth and historically high inflation to Russia's invasion of Ukraine further upsetting the global energy supply chain has contributed to this challenging year.Yet, in spite of the stock market plunging throughout much of the year, billionaire investors have stood their ground. Billionaire money managers are well aware that every notable pullback in the market has proved to be a buying opportunity over the long run.Based on recent 13F filings with the Securities and Exchange Commission, it's become clear that billionaire fund managers have been buyers as the market plunges. Here's what seven prominent billionaires have been buying.1. Paul Singer: PayPal HoldingsBillionaire activist investor Paul Singer of Elliott Investment Management has been a busy bee in 2022. Most notably, he's taken a roughly $2 billion stake in fintech stock PayPal Holdings (PYPL), which was disclosed by PayPal in its second-quarter earnings release.What's interesting about this position is that Singer often invests in struggling companies. Although PayPal's share price has taken a big hit as pandemic-related valuations deflate, PayPal's operating performance shows a company that's clearly not hurting. Even with U.S. gross domestic product falling in back-to-back quarters, PayPal has maintained double-digit total payment volume growth on a constant-currency basis.More importantly, user engagement hasn't slowed down. When 2020 came to a close, the average active account completed just shy of 41 transactions over the trailing year. As of June 30, 2022, this average active account hadcompleted nearly 49 transactions over the trailing 12 months.  With engagement trends headed in the right direction and digital payment growth still in its very early innings, I'd be surprised if Singer's investment ultimately ended up in the red.2. Philippe Laffont: Upstart HoldingsPhilippe Laffont may not be a household name among billionaire money managers, but he successfully oversees Coatue Management, a hedge fund with almost $8.3 billion in assets under management. In the latest quarter, Laffont added almost $75 million in shares of cloud-based lending platform Upstart Holdings (UPST).Upstart aims to completely turn the traditional loan-vetting process on its head. It uses artificial intelligence (AI) to completely automate and approve about three-quarters of all loans processed. Not only is this saving the roughly six dozen financial institutions Upstart is partnered with time and money, but it's giving loan applicants who might otherwise be denied through the traditional vetting process an opportunity. Upstart-vetted loans have produced similar loan delinquency rates as traditional loans, despite a lower average credit score for Upstart-approved applicants.The other lure for Upstart is its potential for expansion. Until last year, Upstart almost exclusively focused on personal loans. With the company now expanding into auto loans and small business loans, its addressable market has increased tenfold.3. Warren Buffett: Occidental PetroleumThe Oracle of Omaha, who's been CEO of Berkshire Hathaway since 1965, probably needs no introduction. Among the16 stocks Warren Buffett has purchased this year, none has raised more eyebrows than oil stock Occidental Petroleum. Berkshire has acquired nearly 188.4 million shares of Occidental this year, as of Aug. 8.Why Occidental Petroleum? The best guess is that Buffett strongly believes crude oil and natural gas prices will remain elevated for years to come. This is a forecast that can certainly be supported by reduced capital investments in the wake of the pandemic, as well as Russia's aforementioned invasion of Ukraine. With no quick fixes to global supply woes, oil and natural gas could very easily support above-average spot prices for years.But what makes Occidental such an odd Buffett stockis its balance sheet. The Oracle of Omaha normally buys stakes in businesses with strong brand names, exceptional leadership, and rock-solid balance sheets. Occidental is more highly levered than most integrated oil and gas companies. In other words, this is a riskier investment than we're used to seeing from Buffett.4. Steve Cohen: CrowdStrike HoldingsBillionaire Steve Cohen, who's known just as much for owning baseball's New York Mets as he is for running Point72 Asset Management, has been an active buyer of cybersecurity stock CrowdStrike Holdings as the market plunges. Cohen's fund bought close to 820,000 shares of CrowdStrike during the second quarter.Aside from the fact that cybersecurity solutions have evolved into a basic necessity service in any economic environment, what allows CrowdStrike to stand out is its AI-driven Falcon platform. Falcon oversees about 1 trillion events daily and has proved superior to the on-premises competition at identifying and responding to potential threats.Although CrowdStrike has had no trouble growing its subscriber base over the years, what's far more impressive is how the company has been able to encourage existing clients to spend more. A little over five years ago, just 9% of the company's clients had purchased four or more cloud-module subscriptions. As of the end of April 2022, 71% of existing clients had purchased four or more cloud-module subscriptions. This is CrowdStrike's not-so-subtle key to superior operating margins and its amazing revenue retention rate.5. Jim Simons: ShopifyBillionaire Jim Simons of Renaissance Technologies has thousands upon thousands of positions. However, cloud-based e-commerce platform Shopify (SHOP 0.93%) became one of Renaissance's largest positions during the second quarter, with a greater than 14-million-share aggregate buy.Despite shares coming under heavy selling pressure due to the company's nosebleed valuation and recent weakness in retail sales as a whole, Shopify looks like a giant in the making. Aided by the pandemic, the gross merchandise value transacted on Shopify's platforms (as of the June-ended quarter) has grown by an annual average of 50% over the past three years.  What's more, the company believes it has a $153 billion addressable market just with small businesses. This doesn't even factor in the inroads the company has made with larger companies.Innovation should also be key for Shopify's long-term outlook. The introduction of Shop Pay, a buy now, pay later service designed to help merchants serve more customers, should benefit nicely during long-winded periods of economic expansion.6. Ray Dalio: CVS HealthBridgewater Associates' billionaire money manager Ray Dalio has also been an active buyer. Dalio chose to pile into CVS Health (CVS -0.66%) as the market plunged. Bridgewater bought close to 1.94 million shares during the second quarter, which increased the fund's stake by 159% from the March-ended quarter.The beauty of healthcare stocks is that they're defensive. People can't control when they get sick, which means there's always demand for prescription drugs, medical devices, and healthcare services.On a more company-specific basis, CVS Health has benefited from its vertical integration. Its acquisition of health insurer Aetna in 2018 lifted its organic growth rate, provided ample cost synergies, and gave more than 20 million insured Aetna members a reason to stay within the CVS Health network.Additionally, CVS has been reaping the rewards of its HealthHUB health clinics. In the wake of the COVID-19 pandemic, consumers have demonstrated they're eager for quick solutions to minor illnesses and injuries, as well as supplemental care for chronic conditions. The roughly 1,500 HealthHUBs CVS operates are facilitating these interactions, which have the potential to boost customer loyalty and drive repeat visits.7. Jeff Yass: AmazonLast but not least, billionaire Jeff Yass of Susquehanna International has been buying FAANG stock Amazon as the market plunges. Susquehanna added close to 6.6 million shares of Amazon during the second quarter, which increased its stake to approximately 15.2 million shares.Although Amazon is best known for its dominant online marketplace, which is estimated to bring in 40% of U.S. retail sales in 2022, per eMarketer, it's the company's considerably higher-margin ancillary operations that make it such an ideal buy.For instance, Amazon's online marketplace has helped attract more than 200 million global Prime subscribers. With almost $35 billion in annual run-rate sales from subscription services, Amazon is able to divert plenty of capital to its fast-growing logistics network and other supercharged growth projects.However, Amazon's future is undeniably linked to cloud infrastructure segment Amazon Web Services (AWS). AWS brought in 31% of cloud spending during the second quarter, according to estimates from Canalys.  More importantly, AWS is responsible for generating the bulk of Amazon's operating cash flow despite accounting for just a sixth of the company's net sales. As AWS grows into a larger percentage of total sales, Amazon's cash flow can soar.","news_type":1},"isVote":1,"tweetType":1,"viewCount":679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930815682,"gmtCreate":1661927823848,"gmtModify":1676536605674,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930815682","repostId":"2263410145","repostType":4,"repost":{"id":"2263410145","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":1661900592,"share":"https://ttm.financial/m/news/2263410145?lang=&edition=fundamental","pubTime":"2022-08-31 07:03","market":"us","language":"en","title":"US STOCKS-Wall St Closes down for 3rd Straight Session on Fed Rate Hike Worry","url":"https://stock-news.laohu8.com/highlight/detail?id=2263410145","media":"Reuters","summary":"* Best Buy sales beat estimates as discounts spur demand* Jobs openings in July rise sharply* All 11","content":"<html><head></head><body><p>* Best Buy sales beat estimates as discounts spur demand</p><p>* Jobs openings in July rise sharply</p><p>* All 11 S&amp;P sectors lower</p><p>* Dow down 0.96%, S&amp;P 500 down 1.10%, Nasdaq down 1.12%</p><p>U.S. stocks closed lower for a third straight session on Tuesday as a rise in job openings fueled fears the U.S. Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation.</p><p>The benchmark S&amp;P 500 index has tumbled more than 5% since Fed Chair Jerome Powell on Friday reaffirmed the central bank&#39;s determination to raise interest rates even in the face of a slowing economy.</p><p>Labor demand showed no signs of cooling as U.S. job openings rose to 11.239 million in July and the prior month was revised sharply higher. A separate report showed consumer confidence rebounded strongly in August after three straight monthly declines.</p><p>&#34;They have to weaken the labor market and how are they going to do that – they are going to jam rates and make things so expensive that people are going to pull back, demand is going to fall off, and people are going to get laid off,&#34; said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.</p><p>&#34;It locks them in even further.&#34;</p><p>The data increases the focus on the August non-farm payrolls data due on Friday.</p><p>The Dow Jones Industrial Average fell 308.12 points, or 0.96%, to 31,790.87, the S&amp;P 500 lost 44.45 points, or 1.10%, to 3,986.16 and the Nasdaq Composite dropped 134.53 points, or 1.12%, to 11,883.14.</p><p>New York Fed President John Williams said on Tuesday the central bank will likely need to get its policy rate about 3.5% and is unlikely to cut interest rates at all next year as it fights inflation.</p><p>However, Atlanta Fed President Raphael Bostic said in an essay published on Tuesday the Fed could &#34;dial back&#34; from its recent string of 75 basis point hikes if new data shows inflation is &#34;clearly&#34; slowing. Richmond Fed President Thomas Barkin said the Fed&#39;s pledge to bring inflation down to its 2% goal will not necessarily result in a severe recession.</p><p>Traders are pricing in a 74.5% chance of a third straight 75-basis point rate hike at the Fed&#39;s September meeting.</p><p>Each of the 11 S&amp;P 500 sectors were in negative territory, with the energy sector down 3.36%, the biggest percentage decliner, as oil prices settled down more than 5% on concerns that the slowing of global economies could sap demand.</p><p>Rate-sensitive megacap growth and technology stocks such as Microsoft Corp, down 0.85%, and Apple Inc, off 1.53%, were among the biggest drags on the benchmark index.</p><p>Both the S&amp;P 500 and the Nasdaq have broken below their 50-day moving average. The S&amp;P 500 also briefly fell below the 50% Fibonacci retracement level from its June low to August high, another key technical indicator watched by analysts as support.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, rose for the third straight session and hit a six-week high at 27.69 points.</p><p>Adding to worries, Taiwan&#39;s military fired warning shots at a Chinese drone which buzzed an islet controlled by Taiwan near the Chinese coast.</p><p>Best Buy Co rose 1.61% as one of the biggest gainers on the S&amp;P 500 after it reported a smaller-than-expected drop in quarterly comparable sales thanks to steep discounts.</p><p>Volume on U.S. exchanges was 10.51 billion shares, compared with the 10.54 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.27-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 18 new lows; the Nasdaq Composite recorded 15 new highs and 217 new lows.</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>US STOCKS-Wall St Closes down for 3rd Straight Session on Fed Rate Hike Worry</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\">\nUS STOCKS-Wall St Closes down for 3rd Straight Session on Fed Rate Hike Worry\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\">2022-08-31 07:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Best Buy sales beat estimates as discounts spur demand</p><p>* Jobs openings in July rise sharply</p><p>* All 11 S&amp;P sectors lower</p><p>* Dow down 0.96%, S&amp;P 500 down 1.10%, Nasdaq down 1.12%</p><p>U.S. stocks closed lower for a third straight session on Tuesday as a rise in job openings fueled fears the U.S. Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation.</p><p>The benchmark S&amp;P 500 index has tumbled more than 5% since Fed Chair Jerome Powell on Friday reaffirmed the central bank&#39;s determination to raise interest rates even in the face of a slowing economy.</p><p>Labor demand showed no signs of cooling as U.S. job openings rose to 11.239 million in July and the prior month was revised sharply higher. A separate report showed consumer confidence rebounded strongly in August after three straight monthly declines.</p><p>&#34;They have to weaken the labor market and how are they going to do that – they are going to jam rates and make things so expensive that people are going to pull back, demand is going to fall off, and people are going to get laid off,&#34; said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.</p><p>&#34;It locks them in even further.&#34;</p><p>The data increases the focus on the August non-farm payrolls data due on Friday.</p><p>The Dow Jones Industrial Average fell 308.12 points, or 0.96%, to 31,790.87, the S&amp;P 500 lost 44.45 points, or 1.10%, to 3,986.16 and the Nasdaq Composite dropped 134.53 points, or 1.12%, to 11,883.14.</p><p>New York Fed President John Williams said on Tuesday the central bank will likely need to get its policy rate about 3.5% and is unlikely to cut interest rates at all next year as it fights inflation.</p><p>However, Atlanta Fed President Raphael Bostic said in an essay published on Tuesday the Fed could &#34;dial back&#34; from its recent string of 75 basis point hikes if new data shows inflation is &#34;clearly&#34; slowing. Richmond Fed President Thomas Barkin said the Fed&#39;s pledge to bring inflation down to its 2% goal will not necessarily result in a severe recession.</p><p>Traders are pricing in a 74.5% chance of a third straight 75-basis point rate hike at the Fed&#39;s September meeting.</p><p>Each of the 11 S&amp;P 500 sectors were in negative territory, with the energy sector down 3.36%, the biggest percentage decliner, as oil prices settled down more than 5% on concerns that the slowing of global economies could sap demand.</p><p>Rate-sensitive megacap growth and technology stocks such as Microsoft Corp, down 0.85%, and Apple Inc, off 1.53%, were among the biggest drags on the benchmark index.</p><p>Both the S&amp;P 500 and the Nasdaq have broken below their 50-day moving average. The S&amp;P 500 also briefly fell below the 50% Fibonacci retracement level from its June low to August high, another key technical indicator watched by analysts as support.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, rose for the third straight session and hit a six-week high at 27.69 points.</p><p>Adding to worries, Taiwan&#39;s military fired warning shots at a Chinese drone which buzzed an islet controlled by Taiwan near the Chinese coast.</p><p>Best Buy Co rose 1.61% as one of the biggest gainers on the S&amp;P 500 after it reported a smaller-than-expected drop in quarterly comparable sales thanks to steep discounts.</p><p>Volume on U.S. exchanges was 10.51 billion shares, compared with the 10.54 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.27-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 18 new lows; the Nasdaq Composite recorded 15 new highs and 217 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","UPRO":"三倍做多标普500ETF","IVV":"标普500指数ETF","COMP":"Compass, Inc.","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","BBY":"百思买","SPXU":"三倍做空标普500ETF","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEX":"标普100","SPY":"标普500ETF","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4567":"ESG概念","BK4076":"电脑与电子产品零售","OEF":"标普100指数ETF-iShares"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263410145","content_text":"* Best Buy sales beat estimates as discounts spur demand* Jobs openings in July rise sharply* All 11 S&P sectors lower* Dow down 0.96%, S&P 500 down 1.10%, Nasdaq down 1.12%U.S. stocks closed lower for a third straight session on Tuesday as a rise in job openings fueled fears the U.S. Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation.The benchmark S&P 500 index has tumbled more than 5% since Fed Chair Jerome Powell on Friday reaffirmed the central bank's determination to raise interest rates even in the face of a slowing economy.Labor demand showed no signs of cooling as U.S. job openings rose to 11.239 million in July and the prior month was revised sharply higher. A separate report showed consumer confidence rebounded strongly in August after three straight monthly declines.\"They have to weaken the labor market and how are they going to do that – they are going to jam rates and make things so expensive that people are going to pull back, demand is going to fall off, and people are going to get laid off,\" said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.\"It locks them in even further.\"The data increases the focus on the August non-farm payrolls data due on Friday.The Dow Jones Industrial Average fell 308.12 points, or 0.96%, to 31,790.87, the S&P 500 lost 44.45 points, or 1.10%, to 3,986.16 and the Nasdaq Composite dropped 134.53 points, or 1.12%, to 11,883.14.New York Fed President John Williams said on Tuesday the central bank will likely need to get its policy rate about 3.5% and is unlikely to cut interest rates at all next year as it fights inflation.However, Atlanta Fed President Raphael Bostic said in an essay published on Tuesday the Fed could \"dial back\" from its recent string of 75 basis point hikes if new data shows inflation is \"clearly\" slowing. Richmond Fed President Thomas Barkin said the Fed's pledge to bring inflation down to its 2% goal will not necessarily result in a severe recession.Traders are pricing in a 74.5% chance of a third straight 75-basis point rate hike at the Fed's September meeting.Each of the 11 S&P 500 sectors were in negative territory, with the energy sector down 3.36%, the biggest percentage decliner, as oil prices settled down more than 5% on concerns that the slowing of global economies could sap demand.Rate-sensitive megacap growth and technology stocks such as Microsoft Corp, down 0.85%, and Apple Inc, off 1.53%, were among the biggest drags on the benchmark index.Both the S&P 500 and the Nasdaq have broken below their 50-day moving average. The S&P 500 also briefly fell below the 50% Fibonacci retracement level from its June low to August high, another key technical indicator watched by analysts as support.The CBOE Volatility index, also known as Wall Street's fear gauge, rose for the third straight session and hit a six-week high at 27.69 points.Adding to worries, Taiwan's military fired warning shots at a Chinese drone which buzzed an islet controlled by Taiwan near the Chinese coast.Best Buy Co rose 1.61% as one of the biggest gainers on the S&P 500 after it reported a smaller-than-expected drop in quarterly comparable sales thanks to steep discounts.Volume on U.S. exchanges was 10.51 billion shares, compared with the 10.54 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 4.27-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored decliners.The S&P 500 posted no new 52-week highs and 18 new lows; the Nasdaq Composite recorded 15 new highs and 217 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930054539,"gmtCreate":1661880060025,"gmtModify":1676536595267,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930054539","repostId":"1195568131","repostType":4,"repost":{"id":"1195568131","pubTimestamp":1661872843,"share":"https://ttm.financial/m/news/1195568131?lang=&edition=fundamental","pubTime":"2022-08-30 23:20","market":"us","language":"en","title":"Avoid VIXY Unless There Is Reasonable Expectation Of Catastrophic Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=1195568131","media":"Seeking Alpha","summary":"SummaryVIXY is definitely not a long term investment. Since its January 2011 inception, it has exper","content":"<html><head></head><body><p>Summary</p><ul><li>VIXY is definitely not a long term investment. Since its January 2011 inception, it has experienced an average, annual loss of 50% a year.</li><li>VIXY has short term use if one believes they can either time the start of a sudden market decline or want to temporarily hedge a portfolio against catastrophic events.</li><li>Regarding this, I believe it has current value in hedging, not economic events, but possible catastrophic events coming out of Ukraine.</li></ul><p>This article is part of a continuing series of articles (here) on how to use investor buying in ETFs to help determine the direction of the stock market, and specific sectors of it. These articles areabout investor sentiment and the measurement of &#34;investor expectations&#34;. Every article will have follow-up articles until the concept behind that original article is complete. This one focuses on the <a href=\"https://laohu8.com/S/VIXY\">ProShares VIX Short-Term Futures ETF</a> - a ProShares ETF that goes long the VIX, the CBOE implied volatility index.</p><p><b>VIXY</b></p><p>VIXY is one of numerous ProShares ETF’s that go either long or short the VIX, which is the CBOE implied volatility index. It has 34 million shares outstanding and total assets of $410 million. ProShares says the following about their VIXY ETF:</p><p>Investment Objective: ProShares VIX Short-Term Futures ETF seeks investment results, before fees and expenses, that track the performance of the S&amp;P 500 VIX Short-Term Futures Index</p><p>Designed for knowledgeable investors:</p><p>Who seek to profit from increases in the expected volatility of the S&amp;P 500, as measured by the prices of VIX futures contracts.</p><p>Who seek to reduce U.S. equity portfolio risk, since changes in the VIX Short-Term Futures Index have historically been negatively correlated to S&amp;P 500 returns.</p><p>It is intended for short-term use; investors should actively manage and monitor their investments, as frequently as daily.</p><p>It does not track the performance of the CBOE Volatility Index (VIX) and can be expected to perform very differently from the VIX.</p><p>We very much agree with these points.</p><p><img src=\"https://static.tigerbbs.com/4f450fc90be36f004ca91888b14a51cc\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\"/></p><p>The Price History of VIXY (Michael McDonald)</p><p>This graph shows the entire price history of VIXY since inception. It started with an adjusted price of $32,000 in 2011 and it’s currently at $14.75. The red circles highlight times when sudden market declines can advance the price from 200% to 400%. Timing these moments, however, is very difficult; one loses money just waiting around.</p><p><img src=\"https://static.tigerbbs.com/4cc67c4ca38c54e220fcc74b78f716ed\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/></p><p>VIX versus Assets in VIXY (Michael McDonald)</p><p>This chart plots the VIX against total assets in VIXY from 2011 to present. I’ve included it to show an important fact; that assets in VIXY have been rising the last two months and are near record levels. This normally indicates a growing number of bearish investors and occurs as stock prices begin a long-term price rise.</p><p>In other words, rising assets in VIXY is a positive indicator for higher stock prices. This is also confirmed by average daily buying in VIXY, which is shown in the next graph. Notice the large surges in purchases of VIXY that have historically occurred just prior to major advances in stock prices.</p><p><img src=\"https://static.tigerbbs.com/653097aecff80bde34ed270c2bf0c62e\" tg-width=\"640\" tg-height=\"411\" referrerpolicy=\"no-referrer\"/></p><p>Buying Activity in VIXY and Market Lows (Michael McDonald)</p><p><b>We Still Have Extreme Levels of Bearish Sentiment</b></p><p>Well-tested metrics still show extreme levels of bearish sentiment. This is very important because, while the economic picture is always different during a decline, extremely negative sentiment is the one, common denominator at the end. Many investors don’t know this and get lost in the arguments and alarming economic picture of the moment. Because of this, we are highlighting the data and theory that supports this at the end of every article.</p><p><b>The Master Sentiment Indicator Continues to Point to Higher Stock Prices</b></p><p>We combine seven classic sentiment indicators to form one Master Sentiment Indicator. The seven indictors that make up the composite are:</p><ol><li>The CBOE equity puts and calls ratio</li><li>The CBOE total puts and calls ratio</li><li>The Commitment of Trader data on the E-mini S&amp;P Futures</li><li>The Buying Level in the SH ProShares ETF</li><li>The Exposure Level of the National Association of Active Investment Managers</li><li>The daily Hulbert Stock and Nasdaq Sentiment readings</li><li>The AAII Sentiment Survey</li></ol><p>The MSI is designed to locate major market lows. It&#39;s shown in the next two charts - one is a long-term view from 2007, the other starts in 2018 and shows more detail. The indicator is currently -4.4, which is still relatively low after a two-month rally and, in our opinion, points to higher prices.</p><p><img src=\"https://static.tigerbbs.com/6f9932ca78cf38cac8acafa6ed99fd90\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/></p><p>Long Term Master Sentiment Indicator(Michael McDonald)</p><p><img src=\"https://static.tigerbbs.com/564c047b5a64f56f8ada85d67403c751\" tg-width=\"640\" tg-height=\"376\" referrerpolicy=\"no-referrer\"/></p><p>Shorter Term View of the MSI(Michael McDonald)</p><p><b>Forming the Master Sentiment Indicator</b></p><p>Combining multiple indicators to form one sentiment indicator is not easy. How do you combine a puts and calls ratio of 1.0 with a 40% Investor&#39;s Intelligence bearish percent? When forming a composite everything has to be mathematically consistent. We accomplished it in the following way.</p><p>We took each indicator back as far as history allowed (the smallest time period being 17 years) and determined the range of values that contained the highest 5% of its values. Then we determined the range of values that contained the next highest 5%. This procedure was continued in 5% increments down to the 5% band that contained the smallest values. This activity allowed us to put every indicator on the same 21 range scale which was labeled 10 to -10.</p><p>We then added each indicator&#39;s position number (10 to -10), which determines where it is historically, and divided the total by the number of indicators in the composite. Out came a composite number between 10 and -10 that represented the average bracket value of all the sentiment indicators.</p><p><b>The MSI Red and Green Zones</b></p><p>As you can see the MSI oscillates between 10 and -10. The large, grey area in the middle represents periods when there is no extreme opinion. The red area shows when the indicator is getting into the &#34;extremely bullish&#34; range. The lower green band shows when it&#39;s getting into the &#34;extremely bearish&#34; range. There is no sudden demarcation but graduated numbers that shows greater or lesser degrees of sentiment. The chart clearly shows how recent levels compare to readings at major lows over the last 16 years.</p><p><b>The MSI Table</b></p><p>The table shows the ranking of each of the seven components that make up the composite, as well as the composite itself.</p><p><img src=\"https://static.tigerbbs.com/803fad9f81d0c516e4d8672717930dec\" tg-width=\"640\" tg-height=\"461\" referrerpolicy=\"no-referrer\"/></p><p>MSI and Indicator Component Table (Michael McDonald)</p><p>The first column in the table lists the 21 rankings that go from +10 to -10. This is followed by the names of the seven indicators used in the composite with an X showing the current ranking of each.</p><p>The final column displays the ranking of the MSI index, which on August 26 was -4.4.</p><p><b>Conclusion</b></p><p>We recommend investors avoid VIXY unless they have a proven track record of correctly timing market declines. But since the market only declines 33% of the time, finding the start of a sudden decline is very difficult. We also don&#39;t think this is the time to time a decline due to our belief the market is ready to begin a major advance.</p><p>However, purchasing VIXY at this time to hedge against possible catastrophic events does make sense for a small portion of one&#39;s assets. That&#39;s because the gains versus losses at moments like this are asymmetrical in favor of the downside. We&#39;re specifically thinking of possible catastrophic events coming out of Ukraine. But the position should be terminated as soon as one thinks the event risk has passed.</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>Avoid VIXY Unless There Is Reasonable Expectation Of Catastrophic Risk</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\">\nAvoid VIXY Unless There Is Reasonable Expectation Of Catastrophic Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-30 23:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4537724-avoid-vixy-unless-expectation-of-catastrophic-risk><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryVIXY is definitely not a long term investment. Since its January 2011 inception, it has experienced an average, annual loss of 50% a year.VIXY has short term use if one believes they can either...</p>\n\n<a href=\"https://seekingalpha.com/article/4537724-avoid-vixy-unless-expectation-of-catastrophic-risk\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIXY":"波动率短期期货指数ETF"},"source_url":"https://seekingalpha.com/article/4537724-avoid-vixy-unless-expectation-of-catastrophic-risk","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195568131","content_text":"SummaryVIXY is definitely not a long term investment. Since its January 2011 inception, it has experienced an average, annual loss of 50% a year.VIXY has short term use if one believes they can either time the start of a sudden market decline or want to temporarily hedge a portfolio against catastrophic events.Regarding this, I believe it has current value in hedging, not economic events, but possible catastrophic events coming out of Ukraine.This article is part of a continuing series of articles (here) on how to use investor buying in ETFs to help determine the direction of the stock market, and specific sectors of it. These articles areabout investor sentiment and the measurement of \"investor expectations\". Every article will have follow-up articles until the concept behind that original article is complete. This one focuses on the ProShares VIX Short-Term Futures ETF - a ProShares ETF that goes long the VIX, the CBOE implied volatility index.VIXYVIXY is one of numerous ProShares ETF’s that go either long or short the VIX, which is the CBOE implied volatility index. It has 34 million shares outstanding and total assets of $410 million. ProShares says the following about their VIXY ETF:Investment Objective: ProShares VIX Short-Term Futures ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500 VIX Short-Term Futures IndexDesigned for knowledgeable investors:Who seek to profit from increases in the expected volatility of the S&P 500, as measured by the prices of VIX futures contracts.Who seek to reduce U.S. equity portfolio risk, since changes in the VIX Short-Term Futures Index have historically been negatively correlated to S&P 500 returns.It is intended for short-term use; investors should actively manage and monitor their investments, as frequently as daily.It does not track the performance of the CBOE Volatility Index (VIX) and can be expected to perform very differently from the VIX.We very much agree with these points.The Price History of VIXY (Michael McDonald)This graph shows the entire price history of VIXY since inception. It started with an adjusted price of $32,000 in 2011 and it’s currently at $14.75. The red circles highlight times when sudden market declines can advance the price from 200% to 400%. Timing these moments, however, is very difficult; one loses money just waiting around.VIX versus Assets in VIXY (Michael McDonald)This chart plots the VIX against total assets in VIXY from 2011 to present. I’ve included it to show an important fact; that assets in VIXY have been rising the last two months and are near record levels. This normally indicates a growing number of bearish investors and occurs as stock prices begin a long-term price rise.In other words, rising assets in VIXY is a positive indicator for higher stock prices. This is also confirmed by average daily buying in VIXY, which is shown in the next graph. Notice the large surges in purchases of VIXY that have historically occurred just prior to major advances in stock prices.Buying Activity in VIXY and Market Lows (Michael McDonald)We Still Have Extreme Levels of Bearish SentimentWell-tested metrics still show extreme levels of bearish sentiment. This is very important because, while the economic picture is always different during a decline, extremely negative sentiment is the one, common denominator at the end. Many investors don’t know this and get lost in the arguments and alarming economic picture of the moment. Because of this, we are highlighting the data and theory that supports this at the end of every article.The Master Sentiment Indicator Continues to Point to Higher Stock PricesWe combine seven classic sentiment indicators to form one Master Sentiment Indicator. The seven indictors that make up the composite are:The CBOE equity puts and calls ratioThe CBOE total puts and calls ratioThe Commitment of Trader data on the E-mini S&P FuturesThe Buying Level in the SH ProShares ETFThe Exposure Level of the National Association of Active Investment ManagersThe daily Hulbert Stock and Nasdaq Sentiment readingsThe AAII Sentiment SurveyThe MSI is designed to locate major market lows. It's shown in the next two charts - one is a long-term view from 2007, the other starts in 2018 and shows more detail. The indicator is currently -4.4, which is still relatively low after a two-month rally and, in our opinion, points to higher prices.Long Term Master Sentiment Indicator(Michael McDonald)Shorter Term View of the MSI(Michael McDonald)Forming the Master Sentiment IndicatorCombining multiple indicators to form one sentiment indicator is not easy. How do you combine a puts and calls ratio of 1.0 with a 40% Investor's Intelligence bearish percent? When forming a composite everything has to be mathematically consistent. We accomplished it in the following way.We took each indicator back as far as history allowed (the smallest time period being 17 years) and determined the range of values that contained the highest 5% of its values. Then we determined the range of values that contained the next highest 5%. This procedure was continued in 5% increments down to the 5% band that contained the smallest values. This activity allowed us to put every indicator on the same 21 range scale which was labeled 10 to -10.We then added each indicator's position number (10 to -10), which determines where it is historically, and divided the total by the number of indicators in the composite. Out came a composite number between 10 and -10 that represented the average bracket value of all the sentiment indicators.The MSI Red and Green ZonesAs you can see the MSI oscillates between 10 and -10. The large, grey area in the middle represents periods when there is no extreme opinion. The red area shows when the indicator is getting into the \"extremely bullish\" range. The lower green band shows when it's getting into the \"extremely bearish\" range. There is no sudden demarcation but graduated numbers that shows greater or lesser degrees of sentiment. The chart clearly shows how recent levels compare to readings at major lows over the last 16 years.The MSI TableThe table shows the ranking of each of the seven components that make up the composite, as well as the composite itself.MSI and Indicator Component Table (Michael McDonald)The first column in the table lists the 21 rankings that go from +10 to -10. This is followed by the names of the seven indicators used in the composite with an X showing the current ranking of each.The final column displays the ranking of the MSI index, which on August 26 was -4.4.ConclusionWe recommend investors avoid VIXY unless they have a proven track record of correctly timing market declines. But since the market only declines 33% of the time, finding the start of a sudden decline is very difficult. We also don't think this is the time to time a decline due to our belief the market is ready to begin a major advance.However, purchasing VIXY at this time to hedge against possible catastrophic events does make sense for a small portion of one's assets. That's because the gains versus losses at moments like this are asymmetrical in favor of the downside. We're specifically thinking of possible catastrophic events coming out of Ukraine. But the position should be terminated as soon as one thinks the event risk has passed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991026875,"gmtCreate":1660751746399,"gmtModify":1676536392163,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991026875","repostId":"1184439750","repostType":2,"repost":{"id":"1184439750","pubTimestamp":1660626639,"share":"https://ttm.financial/m/news/1184439750?lang=&edition=fundamental","pubTime":"2022-08-16 13:10","market":"us","language":"en","title":"See Which Of The Latest 13F Filers Holds Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1184439750","media":"Holdings Channel","summary":"AtHoldings Channel, we have reviewed the latest batch of the 92 most recent 13F filings for the 06/3","content":"<html><head></head><body><p>AtHoldings Channel, we have reviewed the latest batch of the 92 most recent 13F filings for the 06/30/2022 reporting period, and noticed that <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> was held by 30 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.</p><p>Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose theirlongpositions with the SEC, but are not required to disclose theirshortpositions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.</p><p>Having given that caveat, we believe that looking at<i>groups</i>of 13F filings can be revealing, especially when comparing one holding period to another. Below, let&#39;s take a look at the change in TSLA positions, for this latest batch of 13F filers:</p><p><img src=\"https://static.tigerbbs.com/8e1b2cbb8783072672d390b70c74a65c\" tg-width=\"999\" tg-height=\"816\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/32b53e4ea23dfb86eaad5d4d09f1c091\" tg-width=\"999\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/>In terms of shares owned, we count 19 of the above funds having increased existing TSLA positions from 03/31/2022 to 06/30/2022, with 7 having decreased their positions and 1 new position. Worth noting is thatShorepoint Capital Partners LLC,LMR Partners LLP, andGoldman Sachs Group Inc., included in this recent batch of 13F filers, exited TSLA common stock as of 06/30/2022.</p><p>Looking beyond these particular funds in this one batch of most recent filers, we tallied up the TSLA share count in the aggregate among<i>all</i>of the funds which held TSLA at the 06/30/2022 reporting period (out of the 4,731 we looked at in total). We then compared that number to the sum total of TSLA shares those same funds held back at the 03/31/2022 period, to see how the aggregate share count held by hedge funds has moved for TSLA. We found that between these two periods, funds increased their holdings by 18,171,068 shares in the aggregate, from 269,572,085 up to 287,743,153 for a share count increase of approximately 6.74%. The overall top three funds holding TSLA on 06/30/2022 were:<img src=\"https://static.tigerbbs.com/127b1affbf322981684424ff1f74d8fa\" tg-width=\"980\" tg-height=\"150\" referrerpolicy=\"no-referrer\"/></p></body></html>","source":"lsy1660619653209","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>See Which Of The Latest 13F Filers Holds Tesla</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\">\nSee Which Of The Latest 13F Filers Holds Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-16 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.holdingschannel.com/article/202208/see-which-of-the-latest-13f-filers-holds-tesla-tsla-TSLA08152022latest.htm/><strong>Holdings Channel</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AtHoldings Channel, we have reviewed the latest batch of the 92 most recent 13F filings for the 06/30/2022 reporting period, and noticed that Tesla Inc was held by 30 of these funds. When hedge fund ...</p>\n\n<a href=\"https://www.holdingschannel.com/article/202208/see-which-of-the-latest-13f-filers-holds-tesla-tsla-TSLA08152022latest.htm/\">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.holdingschannel.com/article/202208/see-which-of-the-latest-13f-filers-holds-tesla-tsla-TSLA08152022latest.htm/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184439750","content_text":"AtHoldings Channel, we have reviewed the latest batch of the 92 most recent 13F filings for the 06/30/2022 reporting period, and noticed that Tesla Inc was held by 30 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose theirlongpositions with the SEC, but are not required to disclose theirshortpositions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.Having given that caveat, we believe that looking atgroupsof 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in TSLA positions, for this latest batch of 13F filers:In terms of shares owned, we count 19 of the above funds having increased existing TSLA positions from 03/31/2022 to 06/30/2022, with 7 having decreased their positions and 1 new position. Worth noting is thatShorepoint Capital Partners LLC,LMR Partners LLP, andGoldman Sachs Group Inc., included in this recent batch of 13F filers, exited TSLA common stock as of 06/30/2022.Looking beyond these particular funds in this one batch of most recent filers, we tallied up the TSLA share count in the aggregate amongallof the funds which held TSLA at the 06/30/2022 reporting period (out of the 4,731 we looked at in total). We then compared that number to the sum total of TSLA shares those same funds held back at the 03/31/2022 period, to see how the aggregate share count held by hedge funds has moved for TSLA. We found that between these two periods, funds increased their holdings by 18,171,068 shares in the aggregate, from 269,572,085 up to 287,743,153 for a share count increase of approximately 6.74%. The overall top three funds holding TSLA on 06/30/2022 were:","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993992230,"gmtCreate":1660611671722,"gmtModify":1676536364823,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993992230","repostId":"2259261017","repostType":4,"repost":{"id":"2259261017","pubTimestamp":1660621623,"share":"https://ttm.financial/m/news/2259261017?lang=&edition=fundamental","pubTime":"2022-08-16 11:47","market":"us","language":"en","title":"This Stock Rally Has More Legs, Could Extend Until Year End - JPMorgan","url":"https://stock-news.laohu8.com/highlight/detail?id=2259261017","media":"StreetInsider","summary":"JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdo","content":"<html><head></head><body><p>JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdone.</p><p>The Growth sector is up about 14% since June lows compared to Value. Some stocks have rebounded by over 50% in the past 2 months, Matejka notes in a memo sent to clients.</p><p>Discussing when the relief rally may peak, Matejka explained:</p><p>“The key is the direction of long yields, where the peaking at mid-year was one of the big catalysts for the rebound in Growth style. Having initially decelerated by 100bp, from 3.5% to 2.5% in the US and from 1.8% to 0.8% in Germany, bond yields are recently trying to firm up again, especially post the strong July payrolls. However, we think that the broad stalling could continue until activity momentum troughs, sometime in Q4. M1, a good lead indicator of economic activity, is pointing to still lower PMIs ahead.”</p><p>More importantly, the shape of the yield curve needs to “start re-steepening” before investors start returning to Value from Growth.</p><p>“The Fed needs to pivot, in our view, but this is unlikely before the September meeting, where they could announce another outsized move, of 50-75bp – JPM call is for 75bp,” Matejka added.</p><p>Finally, the strategist also added that the U.S. dollar will need to start weakening.</p><p>“We have in early July argued for a tactical rebound in Growth style, and in the Tech sector in particular. We believed this would lend support to the broad market levels. We continue to think the rebound in Growth style is only tactical, but it likely has some further to go, perhaps even until year end,” Matejka concluded.</p><p>Berenberg analysts Jonathan Stubbs and Edward Abbott also weighed in on the cyclical/defensive debate.</p><p>“Our analysis suggests risks with owning just cyclicals or defensives in a “VOLcano theory” world… It is too early, we think, to commit to cyclicals here,” analysts wrote in a client note.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock Rally Has More Legs, Could Extend Until Year End - JPMorgan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock Rally Has More Legs, Could Extend Until Year End - JPMorgan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-16 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20461692><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdone.The Growth sector is up about 14% since June lows compared to Value. Some stocks have rebounded ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20461692\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20461692","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259261017","content_text":"JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdone.The Growth sector is up about 14% since June lows compared to Value. Some stocks have rebounded by over 50% in the past 2 months, Matejka notes in a memo sent to clients.Discussing when the relief rally may peak, Matejka explained:“The key is the direction of long yields, where the peaking at mid-year was one of the big catalysts for the rebound in Growth style. Having initially decelerated by 100bp, from 3.5% to 2.5% in the US and from 1.8% to 0.8% in Germany, bond yields are recently trying to firm up again, especially post the strong July payrolls. However, we think that the broad stalling could continue until activity momentum troughs, sometime in Q4. M1, a good lead indicator of economic activity, is pointing to still lower PMIs ahead.”More importantly, the shape of the yield curve needs to “start re-steepening” before investors start returning to Value from Growth.“The Fed needs to pivot, in our view, but this is unlikely before the September meeting, where they could announce another outsized move, of 50-75bp – JPM call is for 75bp,” Matejka added.Finally, the strategist also added that the U.S. dollar will need to start weakening.“We have in early July argued for a tactical rebound in Growth style, and in the Tech sector in particular. We believed this would lend support to the broad market levels. We continue to think the rebound in Growth style is only tactical, but it likely has some further to go, perhaps even until year end,” Matejka concluded.Berenberg analysts Jonathan Stubbs and Edward Abbott also weighed in on the cyclical/defensive debate.“Our analysis suggests risks with owning just cyclicals or defensives in a “VOLcano theory” world… It is too early, we think, to commit to cyclicals here,” analysts wrote in a client note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051996072,"gmtCreate":1654618116996,"gmtModify":1676535479627,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051996072","repostId":"1105550808","repostType":4,"repost":{"id":"1105550808","pubTimestamp":1654617111,"share":"https://ttm.financial/m/news/1105550808?lang=&edition=fundamental","pubTime":"2022-06-07 23:51","market":"us","language":"en","title":"7 of the Safest Stocks to Buy Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1105550808","media":"investorplace","summary":"These seven safest stocks should be prioritized during a volatile market.Costco : A recent selloff h","content":"<html><head></head><body><p>These seven safest stocks should be prioritized during a volatile market.</p><ul><li><a href=\"https://laohu8.com/S/COST\">Costco </a>: A recent selloff has paved the way for a long-term investment in this safe stock.</li><li><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor </a>: A global chip shortage has driven up the company&#39;s profitability and the stock is now undervalued after a selloff.</li><li><a href=\"https://laohu8.com/S/AVGO\">Broadcom </a>: The company&#39;s recent acquisition of <a href=\"https://laohu8.com/S/VMW\">VMware</a> paves the way for more growth and its stock has shown strength through a recent rebound.</li><li><a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>: KO stock continues on a stable uptrend since the Great Recession and Coca-Cola has managed to turn around its declining revenue.</li><li><a href=\"https://laohu8.com/S/FLO\">Flowers Foods</a>: The company pays regular dividends due to solid finances and the stock is in a long-term uptrend despite short-term volatility.</li><li><a href=\"https://laohu8.com/S/PEP\">PepsiCo</a>: PepsiCo is among the largest companies and it still maintains a robust growth in its profitability. This massive brand isn&#39;t going to be out of demand anytime soon.</li><li><a href=\"https://laohu8.com/S/MCD\">McDonald</a>: MCD has continued to be among the safest stocks to invest in. The company&#39;s exceptional performance during the Great Recession makes it a clear buy.</li></ul><p><img src=\"https://static.tigerbbs.com/86cd65f494b42e5ab36b3ab926200e1d\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p>Source: Andy Dean Photography / Shutterstock</p><p>The current short-term recovery has put the stock market at a crucial point. Many stocks have been devastated by recent selloffs and investors are still split on whether or not the market is in oversold territory yet. While some point to the Federal Reserve’s (Fed) planned interest rate hikes and call for a recession, others point to oversold stocks to justify another market rally.</p><p>Whatever it might be, it is clear that the stock market is currently highly volatile. There are unprecedented levels of uncertainty as the Fed has to battle both inflation and a contracting economy. Unlike in 2008 and 2020, the Fed cannot use quantitative easing to stimulate the economy. Doing so will only add more fuel to inflation. Therefore, the current situation is especially risky.</p><p>Of course, some sectors, such as tech, are certainly being hit harder. However, many stocks continue to be overvalued compared to the rest of the stock market and could still go lower. With that in mind, investing in safe and stable stocks is a good option.</p><p>Thus, the following seven safest stocks are unlikely to be as volatile:</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Price</b></td></tr><tr><td><b><u>COST</u></b></td><td>Costco Wholesale Corporation</td><td>$474.29</td></tr><tr><td><b><u>TSM</u></b></td><td>Taiwan Semiconductor Manufacturing Company Limited</td><td>$94.44</td></tr><tr><td><b><u>AVGO</u></b></td><td>Broadcom Inc.</td><td>$563.96</td></tr><tr><td><b><u>KO</u></b></td><td>The Coca-Cola Company</td><td>$63.12</td></tr><tr><td><b><u>FLO</u></b></td><td>Flowers Foods, Inc.</td><td>$26.11</td></tr><tr><td><b><u>PEP</u></b></td><td>PepsiCo, Inc.</td><td>$165.82</td></tr><tr><td><b><u>MCD</u></b></td><td>McDonald’s Corporation</td><td>$247.54</td></tr></tbody></table><h2><a href=\"https://laohu8.com/S/COST\">Costco </a><img src=\"https://static.tigerbbs.com/119ecb33ef7a48b94a1ac48b430db284\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><a href=\"https://laohu8.com/S/COST\">Costco </a> could be a bargain stock after its sharp selloff. The stock has likely bottomed out and could continue to go up due to its solid finances in the long run.</p><p>Costco has seen growth in both its revenue and net income this quarter. The company has also increased its net profit margin and earnings per share (EPS). Even though its price-to-earnings (P/E) ratio is still relatively high, the stock has performed exceptionally well in turbulent times. In addition, the company is in astable long-term uptrendin its financials.</p><p>Moreover, Costco’s membership model has helped it combat inflation better than its competitors. Therefore, the current rebound of COST stock could be an excellent opportunity to get in on the stock.</p><h2><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor </a><img src=\"https://static.tigerbbs.com/38854e837d13a3a18444fbb92aba5028\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><b>Taiwan Semiconductor Manufacturing Company Limited</b> (NYSE:<b><u>TSM</u></b>) had a  negative 33% selloff which has since cooled down significantly and the stock could be eyeing a rebound. Theglobal shortage of semiconductorshas led to the stock soaring by more than 200% after the pandemic. However, the recent selloff has likely dragged the stock below its intrinsic value.</p><p>Taiwan Semiconductor hasreported robust financials this quarter. Year-over-year (YOY), quarterly revenue and net income grew at 35.5% and 45.13%, respectively. This is due to a high demand for semiconductors. Moreover, the net profit margin of Taiwan Semiconductor is also extraordinary at 41.28%, which grew by 7.11% this quarter.</p><p>In addition, the semiconductor shortage is unlikely to be solved soon. Supply chain issues persist and the company will continue to profit from the high demand and increased prices for semiconductors. It is among the safest stocks due to its exceptional growth.</p><h2><a href=\"https://laohu8.com/S/AVGO\">Broadcom </a><img src=\"https://static.tigerbbs.com/dcf1a9fd20cb6f6de8681c3897b31ace\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><a href=\"https://laohu8.com/S/AVGO\">Broadcom </a> is a company that manufactures and supplies a wide range of hardware and software products, including semiconductors.</p><p>The company’s stock has seen stable growth in the market with very little volatility. In addition, its financials are robust, with its YOY quarterlyrevenueandnet incomegrowing at 15.79% and 83.9%, respectively.</p><p>Moreover, the company has announced thatit will be acquiring <b>VMware,Inc.</b>(NYSE:<b><u>VMW</u></b>) for $69.1 billion, signaling a secure financial position.</p><p>Nonetheless, investors should still be careful in the short-term as the VMware deal could add some volatility to the stock. However, AVGO is likely to remain among the safest stocks in the long-term.</p><h2><a href=\"https://laohu8.com/S/KO\">Coca-Cola</a><img src=\"https://static.tigerbbs.com/8b999b6331c97bce23b08a9742ea1230\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> is one of the safest stocks to buy. The stock has always remained stable with very little volatility. Even in the current volatile market, KO stock has remained an outlier.</p><p>Furthermore, this household brand is unlikely to die out. Even in the worst-case scenario, Coca-Cola is likely to remain profitable in the long-term. Moreover, the company is now financially stable after a long-term downtrend inrevenue, which will continue to aid its growth.</p><p>In the latest quarter,Coca-Cola beat its EPS and revenue estimatesby 10.44% and 6.82%. The company’s YOY quarterly revenue grew by 16.31% to $10.5 billion and itsnet incomeincreased by 23.88% to $2.78 billion. In addition, despite heavy losses due to the coronavirus pandemic and the subsequent supply chain issues, the company has recovered in almost all aspects. Therefore, I expect KO to be a safe stock to hold long-term.</p><h2><a href=\"https://laohu8.com/S/FLO\">Flowers Foods</a><img src=\"https://static.tigerbbs.com/71ff5e66c699f96220aee47ed44a2455\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><a href=\"https://laohu8.com/S/FLO\">Flowers Foods</a> is a bakery food company. FLO is among the safest stocks and has continued on a long-term uptrend, despite multiple downturns.</p><p>Flowers Foods also has solid financials and hasn’t had any significant losses. In the current market downturn, FLO stock has maintained its uptrend and the company’s financials remained stable.</p><p>Flowers Foods had a YOY quarterlyrevenuegrowth of 10.27% to $1.44 billion and itsnet incomegrew by 19.4% to $85.6 million in the latest quarter. Moreover, the company alsobeat its earnings estimatesby 15.79% and recentlyincreased its dividendby 22 cents per share. Thus, FLO is likely to remain a safe stock due to its stable finances.</p><h2><a href=\"https://laohu8.com/S/PEP\">PepsiCo</a><img src=\"https://static.tigerbbs.com/6fd48eab3147ce36267898bab4b14a91\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><b>PepsiCo, Inc.</b>(NASDAQ:<b><u>PEP</u></b>) is a similar company to Coca-Cola. However, PEP stock has historically been more stable than KO and PepsiCo’s profitability is significantly higher.</p><p>This quarter, PepsiCo has delivered robust growth, with its YOY quarterlynet incomeandrevenueincreasing by 148.6% and 9.31%, respectively. Moreover, the stock hasn’t been very affected by the recent market volatility and has continued on a long-term uptrend.</p><p>Even during a recession, PepsiCo products will remain in high demand. The brand is a significant one and the company is likely to remain profitable for the foreseeable future.</p><h2><a href=\"https://laohu8.com/S/MCD\">McDonald</a><img src=\"https://static.tigerbbs.com/48630b782a4daaa0d063ae28209df52f\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><a href=\"https://laohu8.com/S/MCD\">McDonald</a> is a no-brainer when discussing safe stocks. MCD stock is one of the most resistant when it comes to volatile markets and recessions. Even during the Great Recession, the stock grew by 7% and the company’s financialsflourished.</p><p>Even more surprisingly, McDonald’s quickly recovered from the coronavirus recession, which hit restaurants particularly hard. Moreover, the company reversed itsrevenuedowntrend after the pandemic.</p><p>Admittedly, the latest quarter was not the company’s strongest. However, McDonald’s stillmanaged to beat earnings expectations. With historical performance in mind, MCD stock is likely to continue on a long-term uptrend.</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>7 of the Safest Stocks to Buy 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\">\n7 of the Safest Stocks to Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 23:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/7-of-the-safest-stocks-to-buy-now/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These seven safest stocks should be prioritized during a volatile market.Costco : A recent selloff has paved the way for a long-term investment in this safe stock.Taiwan Semiconductor : A global chip ...</p>\n\n<a href=\"https://investorplace.com/2022/06/7-of-the-safest-stocks-to-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","COST":"好市多","FLO":"花苑食品","PEP":"百事可乐","AVGO":"博通","VMW":"威睿","MCD":"麦当劳","TSM":"台积电"},"source_url":"https://investorplace.com/2022/06/7-of-the-safest-stocks-to-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105550808","content_text":"These seven safest stocks should be prioritized during a volatile market.Costco : A recent selloff has paved the way for a long-term investment in this safe stock.Taiwan Semiconductor : A global chip shortage has driven up the company's profitability and the stock is now undervalued after a selloff.Broadcom : The company's recent acquisition of VMware paves the way for more growth and its stock has shown strength through a recent rebound.Coca-Cola: KO stock continues on a stable uptrend since the Great Recession and Coca-Cola has managed to turn around its declining revenue.Flowers Foods: The company pays regular dividends due to solid finances and the stock is in a long-term uptrend despite short-term volatility.PepsiCo: PepsiCo is among the largest companies and it still maintains a robust growth in its profitability. This massive brand isn't going to be out of demand anytime soon.McDonald: MCD has continued to be among the safest stocks to invest in. The company's exceptional performance during the Great Recession makes it a clear buy.Source: Andy Dean Photography / ShutterstockThe current short-term recovery has put the stock market at a crucial point. Many stocks have been devastated by recent selloffs and investors are still split on whether or not the market is in oversold territory yet. While some point to the Federal Reserve’s (Fed) planned interest rate hikes and call for a recession, others point to oversold stocks to justify another market rally.Whatever it might be, it is clear that the stock market is currently highly volatile. There are unprecedented levels of uncertainty as the Fed has to battle both inflation and a contracting economy. Unlike in 2008 and 2020, the Fed cannot use quantitative easing to stimulate the economy. Doing so will only add more fuel to inflation. Therefore, the current situation is especially risky.Of course, some sectors, such as tech, are certainly being hit harder. However, many stocks continue to be overvalued compared to the rest of the stock market and could still go lower. With that in mind, investing in safe and stable stocks is a good option.Thus, the following seven safest stocks are unlikely to be as volatile:TickerCompanyPriceCOSTCostco Wholesale Corporation$474.29TSMTaiwan Semiconductor Manufacturing Company Limited$94.44AVGOBroadcom Inc.$563.96KOThe Coca-Cola Company$63.12FLOFlowers Foods, Inc.$26.11PEPPepsiCo, Inc.$165.82MCDMcDonald’s Corporation$247.54Costco Costco  could be a bargain stock after its sharp selloff. The stock has likely bottomed out and could continue to go up due to its solid finances in the long run.Costco has seen growth in both its revenue and net income this quarter. The company has also increased its net profit margin and earnings per share (EPS). Even though its price-to-earnings (P/E) ratio is still relatively high, the stock has performed exceptionally well in turbulent times. In addition, the company is in astable long-term uptrendin its financials.Moreover, Costco’s membership model has helped it combat inflation better than its competitors. Therefore, the current rebound of COST stock could be an excellent opportunity to get in on the stock.Taiwan Semiconductor Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) had a  negative 33% selloff which has since cooled down significantly and the stock could be eyeing a rebound. Theglobal shortage of semiconductorshas led to the stock soaring by more than 200% after the pandemic. However, the recent selloff has likely dragged the stock below its intrinsic value.Taiwan Semiconductor hasreported robust financials this quarter. Year-over-year (YOY), quarterly revenue and net income grew at 35.5% and 45.13%, respectively. This is due to a high demand for semiconductors. Moreover, the net profit margin of Taiwan Semiconductor is also extraordinary at 41.28%, which grew by 7.11% this quarter.In addition, the semiconductor shortage is unlikely to be solved soon. Supply chain issues persist and the company will continue to profit from the high demand and increased prices for semiconductors. It is among the safest stocks due to its exceptional growth.Broadcom Broadcom  is a company that manufactures and supplies a wide range of hardware and software products, including semiconductors.The company’s stock has seen stable growth in the market with very little volatility. In addition, its financials are robust, with its YOY quarterlyrevenueandnet incomegrowing at 15.79% and 83.9%, respectively.Moreover, the company has announced thatit will be acquiring VMware,Inc.(NYSE:VMW) for $69.1 billion, signaling a secure financial position.Nonetheless, investors should still be careful in the short-term as the VMware deal could add some volatility to the stock. However, AVGO is likely to remain among the safest stocks in the long-term.Coca-ColaCoca-Cola is one of the safest stocks to buy. The stock has always remained stable with very little volatility. Even in the current volatile market, KO stock has remained an outlier.Furthermore, this household brand is unlikely to die out. Even in the worst-case scenario, Coca-Cola is likely to remain profitable in the long-term. Moreover, the company is now financially stable after a long-term downtrend inrevenue, which will continue to aid its growth.In the latest quarter,Coca-Cola beat its EPS and revenue estimatesby 10.44% and 6.82%. The company’s YOY quarterly revenue grew by 16.31% to $10.5 billion and itsnet incomeincreased by 23.88% to $2.78 billion. In addition, despite heavy losses due to the coronavirus pandemic and the subsequent supply chain issues, the company has recovered in almost all aspects. Therefore, I expect KO to be a safe stock to hold long-term.Flowers FoodsFlowers Foods is a bakery food company. FLO is among the safest stocks and has continued on a long-term uptrend, despite multiple downturns.Flowers Foods also has solid financials and hasn’t had any significant losses. In the current market downturn, FLO stock has maintained its uptrend and the company’s financials remained stable.Flowers Foods had a YOY quarterlyrevenuegrowth of 10.27% to $1.44 billion and itsnet incomegrew by 19.4% to $85.6 million in the latest quarter. Moreover, the company alsobeat its earnings estimatesby 15.79% and recentlyincreased its dividendby 22 cents per share. Thus, FLO is likely to remain a safe stock due to its stable finances.PepsiCoPepsiCo, Inc.(NASDAQ:PEP) is a similar company to Coca-Cola. However, PEP stock has historically been more stable than KO and PepsiCo’s profitability is significantly higher.This quarter, PepsiCo has delivered robust growth, with its YOY quarterlynet incomeandrevenueincreasing by 148.6% and 9.31%, respectively. Moreover, the stock hasn’t been very affected by the recent market volatility and has continued on a long-term uptrend.Even during a recession, PepsiCo products will remain in high demand. The brand is a significant one and the company is likely to remain profitable for the foreseeable future.McDonaldMcDonald is a no-brainer when discussing safe stocks. MCD stock is one of the most resistant when it comes to volatile markets and recessions. Even during the Great Recession, the stock grew by 7% and the company’s financialsflourished.Even more surprisingly, McDonald’s quickly recovered from the coronavirus recession, which hit restaurants particularly hard. Moreover, the company reversed itsrevenuedowntrend after the pandemic.Admittedly, the latest quarter was not the company’s strongest. However, McDonald’s stillmanaged to beat earnings expectations. With historical performance in mind, MCD stock is likely to continue on a long-term uptrend.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026515461,"gmtCreate":1653400725253,"gmtModify":1676535274765,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Hm","listText":"Hm","text":"Hm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026515461","repostId":"2237691633","repostType":4,"repost":{"id":"2237691633","pubTimestamp":1653376916,"share":"https://ttm.financial/m/news/2237691633?lang=&edition=fundamental","pubTime":"2022-05-24 15:21","market":"us","language":"en","title":"Tesla: Time To Pull The Buy Trigger","url":"https://stock-news.laohu8.com/highlight/detail?id=2237691633","media":"seekingalpha","summary":"SummaryTesla stock has been battered as it was swamped by the headwinds in Shanghai. Giga Shanghai s","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla stock has been battered as it was swamped by the headwinds in Shanghai. Giga Shanghai still operated with a single shift and at 45% capacity.</li><li>Therefore, the consensus estimates have been revised downwards to reflect the weaker outlook in its production and deliveries. Investors need to pay attention to its double shift resumption.</li><li>Our price action analysis suggests that a potential bottom could occur. However, a reversal signal is still pending. Otherwise, a fall to $550 is possible.</li><li>We revise our rating from Hold to Buy. We believe the risk/reward profile has improved markedly from April.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c27a0eac9a28bef79be0b62ea6e94f9\" tg-width=\"750\" tg-height=\"563\" width=\"100%\" height=\"auto\"/><span>Xiaolu Chu/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>Tesla, Inc. (NASDAQ:TSLA) has seen its stock battered after forming a top in early April. The market makers drew in unsuspecting investors who were optimistic going into its FQ1 earnings card.</p><p>We presented in our previous article that TSLA stock looked overvalued post-earnings. However, we also emphasized to investors not to underestimate the headwinds from its Q2 snarls, given Tesla&#39;s significant manufacturing exposure in China. Also, we highlighted that higher raw materials costs might not have been factored in adequately. Furthermore, Giga Berlin and Texas are still early in their ramp. Therefore, replacing those lost units from Shanghai would be highly challenging, even with Fremont going overtime.</p><p>Consequently, the weaker recovery in ramp from Giga Shanghai has impacted its Q2 forecasts. As a result, the consensus estimates have been revised markedly to reflect Tesla&#39;s weaker than expected deliveries and production.</p><p>Our price action analysis suggests that TSLA stock is at a near-term bottom. While it has no bear-trap reversal signal yet, we are confident that the current bottom would hold. Notably, TSLA stock last traded at an NTM normalized P/E of 51.28x. Moreover, at its deep retracements in 2019 and 2020, TSLA stock held its bottom at around the 50x P/E mark. Therefore, we think the risk/reward seems to be on the upside, as long as Shanghai&#39;s ramp recovery remains on track.</p><p>Accordingly, we revise our rating on TSLA stock from Hold to Buy, as we believe the risk/reward profile has improved significantly.</p><p><b>Revised Estimates Reflect Q2&#39;s Uncertainties</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c389c151bdc6da19cea022d761f1e0b8\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"/><span>Tesla revenue change % and EBIT margins % consensus estimates (TIKR)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccf58d3ea7239371fbcef2ea53c31fb3\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"/><span>Tesla GAAP EPS comps (TIKR)</span></p><p>Tesla&#39;s FQ2 estimates have been revised further downwards from April. We think it&#39;s justified because Tesla&#39;s Shanghai manufacturing capacity has been significantly impacted. Based on the latest updates, Giga Shanghai could be in a closed-loop system until mid-June. However, it has been unable to shift to a higher gear with a double shift system, as the plant operated at 45% capacity. Bloomberg reported that the second shift could resume this week. Therefore, we urge investors to pay attention to updates regarding the resumption of the second shift. It&#39;s critical to recover its manufacturing cadence while Berlin and Texas continue their early ramp.</p><p>As a result, the consensus estimates over its Q2 deliveries outlook have shrunk by more than 20%, from 350K (pre-lockdowns) to 277K. Consequently, Tesla&#39;s revenue growth estimates for FQ2 have also been revised to 50.8%, down from 58.5% in April. It also represents a significant downtick from Q1&#39;s 80.5% growth. Furthermore, its EBIT margins have also been impacted, down slightly from April estimates of 14.8% to 14.6%.</p><p>Notably, its GAAP EPS estimates have also been revised downwards from April&#39;s $1.94 (up 90.1% YoY) to $1.85 (up 81.1% YoY). Hence, we believe the reaction in the market is justified, as the market needs to price in the uncertainties in Q2.</p><p>Notwithstanding, the Street expects Tesla to pick up the pace rapidly in H2&#39;22. Tesla is expected to compensate for its Q2&#39;s snarls in H2, with its revenue and EPS estimates upgraded. Therefore, the Street expects the impact to be isolated to Q2 and not structural.</p><p>Nevertheless, we remain cautiously optimistic over its prospects in H2. Shanghai has started to reopen for business, with the city planning to restore more normal life and operations by the end of June. Therefore, we believe that the prognosis is favorable, but we urge investors to continue monitoring the lockdowns situation in China.</p><p><b>Price Action Is Constructive</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd63437c568674bb7c92bf35e2b5b260\" tg-width=\"640\" tg-height=\"356\" width=\"100%\" height=\"auto\"/><span>TSLA stock price chart (TradingView)</span></p><p>TSLA stock has a series of astute bull traps designed by the market makers to draw in buyers at the top, as seen above. We believe the market is still digesting the steep gains from Q4&#39;21, leading to the bull trap seen in October 2021.</p><p>The market also set a series of intermediate traps in January and April. Therefore, investors are urged to pay close attention to TSLA stock price action and avoid adding near those traps shown above.</p><p>However, the stock is currently testing a significant support zone and could form a double-bottom bear trap. Notwithstanding, it remains tentative, with no price action reversal signal yet. Investors should note that the potential for a fall to $550 is possible if the current level fails to hold.</p><p><b>Tesla&#39;s Valuation Is More Attractive Than April</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75120c602cb10783f325ae6268619166\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"/><span>TSLA stock NTM normalized P/E and NTM normalized EPS (TIKR)</span></p><p>TSLA stock last traded at an NTM normalized P/E of 51.28x. Notably, the 50 P/E metric has marked a bottom in 2018, 2019, and 2020. Therefore, the market could support TSLA stock at the current levels. Furthermore, Tesla&#39;s adjusted EPS consensus estimates have continued to rise robustly, undergirding its valuation.</p><p>Therefore, we think the valuation of TSLA stock makes more sense now.</p><p><b>Is TSLA Stock A Buy, Sell, Or Hold?</b></p><p><i>We revise our rating on TSLA stock from Hold to Buy</i>. Our fundamental thesis is based on Shanghai lockdowns not worsening from here, helping Giga Shanghai to resume its two shifts cadence soon. Our price action analysis suggests a potential double bottom bear trap but has not been validated yet. So, more conservative investors may want to wait before pulling the buy trigger. Otherwise, a fall to the $550 level is possible before a reversal occurs.</p><p>We also think that TSLA stock at around 50x NTM normalized P/E is a more attractive valuation as it had held the level in its previous deep retracements.</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>Tesla: Time To Pull The Buy Trigger</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: Time To Pull The Buy Trigger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-24 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4513916-tesla-time-to-pull-buy-trigger><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla stock has been battered as it was swamped by the headwinds in Shanghai. Giga Shanghai still operated with a single shift and at 45% capacity.Therefore, the consensus estimates have been ...</p>\n\n<a href=\"https://seekingalpha.com/article/4513916-tesla-time-to-pull-buy-trigger\">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://seekingalpha.com/article/4513916-tesla-time-to-pull-buy-trigger","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2237691633","content_text":"SummaryTesla stock has been battered as it was swamped by the headwinds in Shanghai. Giga Shanghai still operated with a single shift and at 45% capacity.Therefore, the consensus estimates have been revised downwards to reflect the weaker outlook in its production and deliveries. Investors need to pay attention to its double shift resumption.Our price action analysis suggests that a potential bottom could occur. However, a reversal signal is still pending. Otherwise, a fall to $550 is possible.We revise our rating from Hold to Buy. We believe the risk/reward profile has improved markedly from April.Xiaolu Chu/Getty Images NewsInvestment ThesisTesla, Inc. (NASDAQ:TSLA) has seen its stock battered after forming a top in early April. The market makers drew in unsuspecting investors who were optimistic going into its FQ1 earnings card.We presented in our previous article that TSLA stock looked overvalued post-earnings. However, we also emphasized to investors not to underestimate the headwinds from its Q2 snarls, given Tesla's significant manufacturing exposure in China. Also, we highlighted that higher raw materials costs might not have been factored in adequately. Furthermore, Giga Berlin and Texas are still early in their ramp. Therefore, replacing those lost units from Shanghai would be highly challenging, even with Fremont going overtime.Consequently, the weaker recovery in ramp from Giga Shanghai has impacted its Q2 forecasts. As a result, the consensus estimates have been revised markedly to reflect Tesla's weaker than expected deliveries and production.Our price action analysis suggests that TSLA stock is at a near-term bottom. While it has no bear-trap reversal signal yet, we are confident that the current bottom would hold. Notably, TSLA stock last traded at an NTM normalized P/E of 51.28x. Moreover, at its deep retracements in 2019 and 2020, TSLA stock held its bottom at around the 50x P/E mark. Therefore, we think the risk/reward seems to be on the upside, as long as Shanghai's ramp recovery remains on track.Accordingly, we revise our rating on TSLA stock from Hold to Buy, as we believe the risk/reward profile has improved significantly.Revised Estimates Reflect Q2's UncertaintiesTesla revenue change % and EBIT margins % consensus estimates (TIKR)Tesla GAAP EPS comps (TIKR)Tesla's FQ2 estimates have been revised further downwards from April. We think it's justified because Tesla's Shanghai manufacturing capacity has been significantly impacted. Based on the latest updates, Giga Shanghai could be in a closed-loop system until mid-June. However, it has been unable to shift to a higher gear with a double shift system, as the plant operated at 45% capacity. Bloomberg reported that the second shift could resume this week. Therefore, we urge investors to pay attention to updates regarding the resumption of the second shift. It's critical to recover its manufacturing cadence while Berlin and Texas continue their early ramp.As a result, the consensus estimates over its Q2 deliveries outlook have shrunk by more than 20%, from 350K (pre-lockdowns) to 277K. Consequently, Tesla's revenue growth estimates for FQ2 have also been revised to 50.8%, down from 58.5% in April. It also represents a significant downtick from Q1's 80.5% growth. Furthermore, its EBIT margins have also been impacted, down slightly from April estimates of 14.8% to 14.6%.Notably, its GAAP EPS estimates have also been revised downwards from April's $1.94 (up 90.1% YoY) to $1.85 (up 81.1% YoY). Hence, we believe the reaction in the market is justified, as the market needs to price in the uncertainties in Q2.Notwithstanding, the Street expects Tesla to pick up the pace rapidly in H2'22. Tesla is expected to compensate for its Q2's snarls in H2, with its revenue and EPS estimates upgraded. Therefore, the Street expects the impact to be isolated to Q2 and not structural.Nevertheless, we remain cautiously optimistic over its prospects in H2. Shanghai has started to reopen for business, with the city planning to restore more normal life and operations by the end of June. Therefore, we believe that the prognosis is favorable, but we urge investors to continue monitoring the lockdowns situation in China.Price Action Is ConstructiveTSLA stock price chart (TradingView)TSLA stock has a series of astute bull traps designed by the market makers to draw in buyers at the top, as seen above. We believe the market is still digesting the steep gains from Q4'21, leading to the bull trap seen in October 2021.The market also set a series of intermediate traps in January and April. Therefore, investors are urged to pay close attention to TSLA stock price action and avoid adding near those traps shown above.However, the stock is currently testing a significant support zone and could form a double-bottom bear trap. Notwithstanding, it remains tentative, with no price action reversal signal yet. Investors should note that the potential for a fall to $550 is possible if the current level fails to hold.Tesla's Valuation Is More Attractive Than AprilTSLA stock NTM normalized P/E and NTM normalized EPS (TIKR)TSLA stock last traded at an NTM normalized P/E of 51.28x. Notably, the 50 P/E metric has marked a bottom in 2018, 2019, and 2020. Therefore, the market could support TSLA stock at the current levels. Furthermore, Tesla's adjusted EPS consensus estimates have continued to rise robustly, undergirding its valuation.Therefore, we think the valuation of TSLA stock makes more sense now.Is TSLA Stock A Buy, Sell, Or Hold?We revise our rating on TSLA stock from Hold to Buy. Our fundamental thesis is based on Shanghai lockdowns not worsening from here, helping Giga Shanghai to resume its two shifts cadence soon. Our price action analysis suggests a potential double bottom bear trap but has not been validated yet. So, more conservative investors may want to wait before pulling the buy trigger. Otherwise, a fall to the $550 level is possible before a reversal occurs.We also think that TSLA stock at around 50x NTM normalized P/E is a more attractive valuation as it had held the level in its previous deep retracements.","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064686699,"gmtCreate":1652316757811,"gmtModify":1676535076517,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064686699","repostId":"2234969481","repostType":4,"repost":{"id":"2234969481","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":1652311260,"share":"https://ttm.financial/m/news/2234969481?lang=&edition=fundamental","pubTime":"2022-05-12 07:21","market":"us","language":"en","title":"Nasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2234969481","media":"Reuters","summary":"* U.S. consumer prices slow in April; inflation still high* Coinbase falls on Q1 revenue slump, net ","content":"<html><head></head><body><p>* U.S. consumer prices slow in April; inflation still high</p><p>* Coinbase falls on Q1 revenue slump, net loss</p><p>* Indexes: Dow down 1%, S&amp;P 500 down 1.7%, Nasdaq down 3.2%</p><p>NEW YORK, May 11 (Reuters) - U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after U.S. inflation data did little to ease investor worries over the outlook for interest rates and the economy.</p><p>The benchmark S&amp;P 500 lost 1.7% and is now down 18% from its Jan. 3 record closing high.</p><p>The Labor Department&#39;s monthly consumer price index (CPI) report suggested inflation may have peaked in April but is likely to stay strong enough to keep the Federal Reserve&#39;s foot on the brakes to cool demand.</p><p>The CPI increased 0.3% last month, the smallest gain since last August, while economists polled by Reuters had forecast consumer prices gaining 0.2% in April.</p><p>&#34;It did not dispel the notion that there&#39;s more to go in terms of reining in inflation,&#34; said Quincy Krosby, chief equity strategist at LPL Financial in Charlotte, North Carolina.</p><p>&#34;The market is trying to make sense of whether we&#39;re also going to see growth pullback more than expected&#34; as the Fed raises rates, she said.</p><p>Apple shares dropped 5.2% and were the biggest weight on the Nasdaq and S&amp;P 500 indexes.</p><p>&#34;There is much focus right now on Apple,&#34; Krosby said. &#34;Given its weighting, Apple is the bellwether for the market from many perspectives.&#34;</p><p>Investor concerns about whether the Fed will continue to hike interest rates aggressively have hit growth stocks especially hard. The consumer discretionary and technology sectors fell about 3% each, leading S&amp;P 500 sector declines.</p><p>The Dow Jones Industrial Average fell 326.63 points, or 1.02%, to 31,834.11, the S&amp;P 500 lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite dropped 373.44 points, or 3.18%, to 11,364.24.</p><p>The Dow&#39;s five-day decline was its longest losing streak since mid-February.</p><p>Energy shares ended higher and helped to limit some of the declines in the S&amp;P 500 and Dow. Exxon Mobil Corp shares were up 2.1%.</p><p>Value outperformed growth shares in general. The S&amp;P growth index was down 2.8% on the day versus a 0.5% decline in the S&amp;P value index   .</p><p>Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.</p><p>Stocks have fallen this year following the rate concerns, as well as the Ukraine war and the latest coronavirus lockdowns in China.</p><p>Coinbase Global Inc slid 26.4% after its first-quarter revenue missed estimates amid turmoil in global markets that has curbed investor appetite for risk assets.</p><p>Volume on U.S. exchanges was 15.38 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.16-to-1 ratio; on Nasdaq, a 3.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 67 new lows; the Nasdaq Composite recorded 10 new highs and 1,221 new lows.</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>Nasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors\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\">2022-05-12 07:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* U.S. consumer prices slow in April; inflation still high</p><p>* Coinbase falls on Q1 revenue slump, net loss</p><p>* Indexes: Dow down 1%, S&amp;P 500 down 1.7%, Nasdaq down 3.2%</p><p>NEW YORK, May 11 (Reuters) - U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after U.S. inflation data did little to ease investor worries over the outlook for interest rates and the economy.</p><p>The benchmark S&amp;P 500 lost 1.7% and is now down 18% from its Jan. 3 record closing high.</p><p>The Labor Department&#39;s monthly consumer price index (CPI) report suggested inflation may have peaked in April but is likely to stay strong enough to keep the Federal Reserve&#39;s foot on the brakes to cool demand.</p><p>The CPI increased 0.3% last month, the smallest gain since last August, while economists polled by Reuters had forecast consumer prices gaining 0.2% in April.</p><p>&#34;It did not dispel the notion that there&#39;s more to go in terms of reining in inflation,&#34; said Quincy Krosby, chief equity strategist at LPL Financial in Charlotte, North Carolina.</p><p>&#34;The market is trying to make sense of whether we&#39;re also going to see growth pullback more than expected&#34; as the Fed raises rates, she said.</p><p>Apple shares dropped 5.2% and were the biggest weight on the Nasdaq and S&amp;P 500 indexes.</p><p>&#34;There is much focus right now on Apple,&#34; Krosby said. &#34;Given its weighting, Apple is the bellwether for the market from many perspectives.&#34;</p><p>Investor concerns about whether the Fed will continue to hike interest rates aggressively have hit growth stocks especially hard. The consumer discretionary and technology sectors fell about 3% each, leading S&amp;P 500 sector declines.</p><p>The Dow Jones Industrial Average fell 326.63 points, or 1.02%, to 31,834.11, the S&amp;P 500 lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite dropped 373.44 points, or 3.18%, to 11,364.24.</p><p>The Dow&#39;s five-day decline was its longest losing streak since mid-February.</p><p>Energy shares ended higher and helped to limit some of the declines in the S&amp;P 500 and Dow. Exxon Mobil Corp shares were up 2.1%.</p><p>Value outperformed growth shares in general. The S&amp;P growth index was down 2.8% on the day versus a 0.5% decline in the S&amp;P value index   .</p><p>Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.</p><p>Stocks have fallen this year following the rate concerns, as well as the Ukraine war and the latest coronavirus lockdowns in China.</p><p>Coinbase Global Inc slid 26.4% after its first-quarter revenue missed estimates amid turmoil in global markets that has curbed investor appetite for risk assets.</p><p>Volume on U.S. exchanges was 15.38 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.16-to-1 ratio; on Nasdaq, a 3.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 67 new lows; the Nasdaq Composite recorded 10 new highs and 1,221 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","PSQ":"纳指反向ETF","SDOW":"道指三倍做空ETF-ProShares","UDOW":"道指三倍做多ETF-ProShares","QQQ":"纳指100ETF","DXD":"道指两倍做空ETF","DJX":"1/100道琼斯","QID":"纳指两倍做空ETF","DDM":"道指两倍做多ETF","CPI":"IQ Real Return ETF","SQQQ":"纳指三倍做空ETF","DOG":"道指反向ETF","XOM":"埃克森美孚","QLD":"纳指两倍做多ETF","AAPL":"苹果","TQQQ":"纳指三倍做多ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234969481","content_text":"* U.S. consumer prices slow in April; inflation still high* Coinbase falls on Q1 revenue slump, net loss* Indexes: Dow down 1%, S&P 500 down 1.7%, Nasdaq down 3.2%NEW YORK, May 11 (Reuters) - U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after U.S. inflation data did little to ease investor worries over the outlook for interest rates and the economy.The benchmark S&P 500 lost 1.7% and is now down 18% from its Jan. 3 record closing high.The Labor Department's monthly consumer price index (CPI) report suggested inflation may have peaked in April but is likely to stay strong enough to keep the Federal Reserve's foot on the brakes to cool demand.The CPI increased 0.3% last month, the smallest gain since last August, while economists polled by Reuters had forecast consumer prices gaining 0.2% in April.\"It did not dispel the notion that there's more to go in terms of reining in inflation,\" said Quincy Krosby, chief equity strategist at LPL Financial in Charlotte, North Carolina.\"The market is trying to make sense of whether we're also going to see growth pullback more than expected\" as the Fed raises rates, she said.Apple shares dropped 5.2% and were the biggest weight on the Nasdaq and S&P 500 indexes.\"There is much focus right now on Apple,\" Krosby said. \"Given its weighting, Apple is the bellwether for the market from many perspectives.\"Investor concerns about whether the Fed will continue to hike interest rates aggressively have hit growth stocks especially hard. The consumer discretionary and technology sectors fell about 3% each, leading S&P 500 sector declines.The Dow Jones Industrial Average fell 326.63 points, or 1.02%, to 31,834.11, the S&P 500 lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite dropped 373.44 points, or 3.18%, to 11,364.24.The Dow's five-day decline was its longest losing streak since mid-February.Energy shares ended higher and helped to limit some of the declines in the S&P 500 and Dow. Exxon Mobil Corp shares were up 2.1%.Value outperformed growth shares in general. The S&P growth index was down 2.8% on the day versus a 0.5% decline in the S&P value index   .Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.Stocks have fallen this year following the rate concerns, as well as the Ukraine war and the latest coronavirus lockdowns in China.Coinbase Global Inc slid 26.4% after its first-quarter revenue missed estimates amid turmoil in global markets that has curbed investor appetite for risk assets.Volume on U.S. exchanges was 15.38 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 2.16-to-1 ratio; on Nasdaq, a 3.70-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 67 new lows; the Nasdaq Composite recorded 10 new highs and 1,221 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064688782,"gmtCreate":1652316735646,"gmtModify":1676535076501,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064688782","repostId":"2234969481","repostType":4,"repost":{"id":"2234969481","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":1652311260,"share":"https://ttm.financial/m/news/2234969481?lang=&edition=fundamental","pubTime":"2022-05-12 07:21","market":"us","language":"en","title":"Nasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2234969481","media":"Reuters","summary":"* U.S. consumer prices slow in April; inflation still high* Coinbase falls on Q1 revenue slump, net ","content":"<html><head></head><body><p>* U.S. consumer prices slow in April; inflation still high</p><p>* Coinbase falls on Q1 revenue slump, net loss</p><p>* Indexes: Dow down 1%, S&amp;P 500 down 1.7%, Nasdaq down 3.2%</p><p>NEW YORK, May 11 (Reuters) - U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after U.S. inflation data did little to ease investor worries over the outlook for interest rates and the economy.</p><p>The benchmark S&amp;P 500 lost 1.7% and is now down 18% from its Jan. 3 record closing high.</p><p>The Labor Department&#39;s monthly consumer price index (CPI) report suggested inflation may have peaked in April but is likely to stay strong enough to keep the Federal Reserve&#39;s foot on the brakes to cool demand.</p><p>The CPI increased 0.3% last month, the smallest gain since last August, while economists polled by Reuters had forecast consumer prices gaining 0.2% in April.</p><p>&#34;It did not dispel the notion that there&#39;s more to go in terms of reining in inflation,&#34; said Quincy Krosby, chief equity strategist at LPL Financial in Charlotte, North Carolina.</p><p>&#34;The market is trying to make sense of whether we&#39;re also going to see growth pullback more than expected&#34; as the Fed raises rates, she said.</p><p>Apple shares dropped 5.2% and were the biggest weight on the Nasdaq and S&amp;P 500 indexes.</p><p>&#34;There is much focus right now on Apple,&#34; Krosby said. &#34;Given its weighting, Apple is the bellwether for the market from many perspectives.&#34;</p><p>Investor concerns about whether the Fed will continue to hike interest rates aggressively have hit growth stocks especially hard. The consumer discretionary and technology sectors fell about 3% each, leading S&amp;P 500 sector declines.</p><p>The Dow Jones Industrial Average fell 326.63 points, or 1.02%, to 31,834.11, the S&amp;P 500 lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite dropped 373.44 points, or 3.18%, to 11,364.24.</p><p>The Dow&#39;s five-day decline was its longest losing streak since mid-February.</p><p>Energy shares ended higher and helped to limit some of the declines in the S&amp;P 500 and Dow. Exxon Mobil Corp shares were up 2.1%.</p><p>Value outperformed growth shares in general. The S&amp;P growth index was down 2.8% on the day versus a 0.5% decline in the S&amp;P value index   .</p><p>Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.</p><p>Stocks have fallen this year following the rate concerns, as well as the Ukraine war and the latest coronavirus lockdowns in China.</p><p>Coinbase Global Inc slid 26.4% after its first-quarter revenue missed estimates amid turmoil in global markets that has curbed investor appetite for risk assets.</p><p>Volume on U.S. exchanges was 15.38 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.16-to-1 ratio; on Nasdaq, a 3.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 67 new lows; the Nasdaq Composite recorded 10 new highs and 1,221 new lows.</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>Nasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Falls More Than 3% as U.S. Inflation Data Gives Little Relief to Investors\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\">2022-05-12 07:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* U.S. consumer prices slow in April; inflation still high</p><p>* Coinbase falls on Q1 revenue slump, net loss</p><p>* Indexes: Dow down 1%, S&amp;P 500 down 1.7%, Nasdaq down 3.2%</p><p>NEW YORK, May 11 (Reuters) - U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after U.S. inflation data did little to ease investor worries over the outlook for interest rates and the economy.</p><p>The benchmark S&amp;P 500 lost 1.7% and is now down 18% from its Jan. 3 record closing high.</p><p>The Labor Department&#39;s monthly consumer price index (CPI) report suggested inflation may have peaked in April but is likely to stay strong enough to keep the Federal Reserve&#39;s foot on the brakes to cool demand.</p><p>The CPI increased 0.3% last month, the smallest gain since last August, while economists polled by Reuters had forecast consumer prices gaining 0.2% in April.</p><p>&#34;It did not dispel the notion that there&#39;s more to go in terms of reining in inflation,&#34; said Quincy Krosby, chief equity strategist at LPL Financial in Charlotte, North Carolina.</p><p>&#34;The market is trying to make sense of whether we&#39;re also going to see growth pullback more than expected&#34; as the Fed raises rates, she said.</p><p>Apple shares dropped 5.2% and were the biggest weight on the Nasdaq and S&amp;P 500 indexes.</p><p>&#34;There is much focus right now on Apple,&#34; Krosby said. &#34;Given its weighting, Apple is the bellwether for the market from many perspectives.&#34;</p><p>Investor concerns about whether the Fed will continue to hike interest rates aggressively have hit growth stocks especially hard. The consumer discretionary and technology sectors fell about 3% each, leading S&amp;P 500 sector declines.</p><p>The Dow Jones Industrial Average fell 326.63 points, or 1.02%, to 31,834.11, the S&amp;P 500 lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite dropped 373.44 points, or 3.18%, to 11,364.24.</p><p>The Dow&#39;s five-day decline was its longest losing streak since mid-February.</p><p>Energy shares ended higher and helped to limit some of the declines in the S&amp;P 500 and Dow. Exxon Mobil Corp shares were up 2.1%.</p><p>Value outperformed growth shares in general. The S&amp;P growth index was down 2.8% on the day versus a 0.5% decline in the S&amp;P value index   .</p><p>Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.</p><p>Stocks have fallen this year following the rate concerns, as well as the Ukraine war and the latest coronavirus lockdowns in China.</p><p>Coinbase Global Inc slid 26.4% after its first-quarter revenue missed estimates amid turmoil in global markets that has curbed investor appetite for risk assets.</p><p>Volume on U.S. exchanges was 15.38 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.16-to-1 ratio; on Nasdaq, a 3.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 67 new lows; the Nasdaq Composite recorded 10 new highs and 1,221 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","PSQ":"纳指反向ETF","SDOW":"道指三倍做空ETF-ProShares","UDOW":"道指三倍做多ETF-ProShares","QQQ":"纳指100ETF","DXD":"道指两倍做空ETF","DJX":"1/100道琼斯","QID":"纳指两倍做空ETF","DDM":"道指两倍做多ETF","CPI":"IQ Real Return ETF","SQQQ":"纳指三倍做空ETF","DOG":"道指反向ETF","XOM":"埃克森美孚","QLD":"纳指两倍做多ETF","AAPL":"苹果","TQQQ":"纳指三倍做多ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234969481","content_text":"* U.S. consumer prices slow in April; inflation still high* Coinbase falls on Q1 revenue slump, net loss* Indexes: Dow down 1%, S&P 500 down 1.7%, Nasdaq down 3.2%NEW YORK, May 11 (Reuters) - U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after U.S. inflation data did little to ease investor worries over the outlook for interest rates and the economy.The benchmark S&P 500 lost 1.7% and is now down 18% from its Jan. 3 record closing high.The Labor Department's monthly consumer price index (CPI) report suggested inflation may have peaked in April but is likely to stay strong enough to keep the Federal Reserve's foot on the brakes to cool demand.The CPI increased 0.3% last month, the smallest gain since last August, while economists polled by Reuters had forecast consumer prices gaining 0.2% in April.\"It did not dispel the notion that there's more to go in terms of reining in inflation,\" said Quincy Krosby, chief equity strategist at LPL Financial in Charlotte, North Carolina.\"The market is trying to make sense of whether we're also going to see growth pullback more than expected\" as the Fed raises rates, she said.Apple shares dropped 5.2% and were the biggest weight on the Nasdaq and S&P 500 indexes.\"There is much focus right now on Apple,\" Krosby said. \"Given its weighting, Apple is the bellwether for the market from many perspectives.\"Investor concerns about whether the Fed will continue to hike interest rates aggressively have hit growth stocks especially hard. The consumer discretionary and technology sectors fell about 3% each, leading S&P 500 sector declines.The Dow Jones Industrial Average fell 326.63 points, or 1.02%, to 31,834.11, the S&P 500 lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite dropped 373.44 points, or 3.18%, to 11,364.24.The Dow's five-day decline was its longest losing streak since mid-February.Energy shares ended higher and helped to limit some of the declines in the S&P 500 and Dow. Exxon Mobil Corp shares were up 2.1%.Value outperformed growth shares in general. The S&P growth index was down 2.8% on the day versus a 0.5% decline in the S&P value index   .Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.Stocks have fallen this year following the rate concerns, as well as the Ukraine war and the latest coronavirus lockdowns in China.Coinbase Global Inc slid 26.4% after its first-quarter revenue missed estimates amid turmoil in global markets that has curbed investor appetite for risk assets.Volume on U.S. exchanges was 15.38 billion shares, compared with the 12.75 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 2.16-to-1 ratio; on Nasdaq, a 3.70-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 67 new lows; the Nasdaq Composite recorded 10 new highs and 1,221 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084469362,"gmtCreate":1650902310356,"gmtModify":1676534812361,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]","listText":"[Surprised]","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084469362","repostId":"9084536015","repostType":1,"repost":{"id":9084536015,"gmtCreate":1650885796000,"gmtModify":1676534809173,"author":{"id":"4103332230805300","authorId":"4103332230805300","name":"Smartkarma","avatar":"https://community-static.tradeup.com/news/39fffba2ff205c2730b5bf07e3de6647","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4103332230805300","authorIdStr":"4103332230805300"},"themes":[],"title":"Chindata the Next Chinese ADR Privatisation Target?","htmlText":"Bloomberg claimed that Chindata is attracting takeover interest from GDS, PAG and EdgeConneX. A forward EV/EBITDA multiple of 8.9x, in line with VNET’s takeout multiple, would imply $6.85 per ADS. A Bloomberg article claimed that Chindata Group (CD US) is attracting takeover interest from GDS Holdings (ADR) (GDS US), PAG and EdgeConneX. Shares rose 9.8% to close at $4.81. Potential privatisation will require the blessing of Bain Capital, the largest shareholder. Chindata’s track record of beating guidance, modest leverage and the beaten-down rating make it a target.&nbsp; A forward EV/EBITDA multiple of 8.9x, in line with 21Vianet Group (VNET US)’s proposed acquisition multiple, would imply $6.85 per ADS.&nbsp; By Arun George - https://www.smartkarma.com/profiles/arun-george?utm_source=tig","listText":"Bloomberg claimed that Chindata is attracting takeover interest from GDS, PAG and EdgeConneX. A forward EV/EBITDA multiple of 8.9x, in line with VNET’s takeout multiple, would imply $6.85 per ADS. A Bloomberg article claimed that Chindata Group (CD US) is attracting takeover interest from GDS Holdings (ADR) (GDS US), PAG and EdgeConneX. Shares rose 9.8% to close at $4.81. Potential privatisation will require the blessing of Bain Capital, the largest shareholder. Chindata’s track record of beating guidance, modest leverage and the beaten-down rating make it a target.&nbsp; A forward EV/EBITDA multiple of 8.9x, in line with 21Vianet Group (VNET US)’s proposed acquisition multiple, would imply $6.85 per ADS.&nbsp; By Arun George - https://www.smartkarma.com/profiles/arun-george?utm_source=tig","text":"Bloomberg claimed that Chindata is attracting takeover interest from GDS, PAG and EdgeConneX. A forward EV/EBITDA multiple of 8.9x, in line with VNET’s takeout multiple, would imply $6.85 per ADS. A Bloomberg article claimed that Chindata Group (CD US) is attracting takeover interest from GDS Holdings (ADR) (GDS US), PAG and EdgeConneX. Shares rose 9.8% to close at $4.81. Potential privatisation will require the blessing of Bain Capital, the largest shareholder. Chindata’s track record of beating guidance, modest leverage and the beaten-down rating make it a target. A forward EV/EBITDA multiple of 8.9x, in line with 21Vianet Group (VNET US)’s proposed acquisition multiple, would imply $6.85 per ADS. By Arun George - https://www.smartkarma.com/profiles/arun-george?utm_source=tig","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084536015","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084460789,"gmtCreate":1650902226766,"gmtModify":1676534812359,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084460789","repostId":"2230143849","repostType":4,"repost":{"id":"2230143849","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":1650899026,"share":"https://ttm.financial/m/news/2230143849?lang=&edition=fundamental","pubTime":"2022-04-25 23:03","market":"us","language":"en","title":"GM, Ford Steer into the Headwinds of Inflation, Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2230143849","media":"Reuters","summary":"DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results ","content":"<html><head></head><body><p>DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January.</p><p>The far-reaching economic impact of the war in Ukraine, grinding supply-chain disruptions, inflation and rising U.S. interest rates all pose a threat to forecasts made by the two Detroit automakers in January.</p><p>Shares of both companies are down sharply since January. Downbeat results last week from used car sellers Carvana Co and Carmax Inc spooked investors concerned about inflation&#39;s impact on U.S. consumer spending.</p><p>GM projected in January it could improve wholesale deliveries by 25% to 30% over 2021, and predicted commodity and logistics costs would rise by $2.5 billion. The company said it expected to earn $13 billion to $15 billion in pretax profit.</p><p>&#34;We are not quite clear on whether there will be a small potential cut to top end of the &#39;22 guide,&#34; Evercore ISI wrote in a note ahead of GM&#39;s first-quarter release scheduled for Tuesday.</p><p>As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. One factor Evercore cited: Ford&#39;s significant exposure to soaring prices for the aluminum used to build its best-selling F-150 pickup and other vehicles.</p><p>In early March, Ford&#39;s chief financial officer, John Lawler, reaffirmed the company&#39;s forecast that it could generate $11.5 billion to $12.5 billion in pretax profit for 2022. The Dearborn, Michigan, automaker and its chief executive, Jim Farley, have laid out an ambitious agenda, including dividing Ford&#39;s automotive operations into separate electric and internal combustion technology units.</p><p>GM and Ford both must manage the costs of launching new electric vehicles. At GM, the company is ramping up production of its Cadillac Lyriq crossovers and GMC Hummer trucks. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday.</p><p>Supply-chain disruptions are slowing vehicle production for both companies. During 2021, higher prices offset much of the financial hit from lost sales volume. But rising interest costs will make it harder for consumers to keep paying more.</p><p>GM&#39;s deliveries in China, its largest market, fell 21% during the first quarter. In the United States, GM&#39;s sales for the first quarter fell by 20%. Ford&#39;s U.S. sales fell by 17% in the first quarter compared with a year ago.</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>GM, Ford Steer into the Headwinds of Inflation, Rising Rates</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\">\nGM, Ford Steer into the Headwinds of Inflation, Rising Rates\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\">2022-04-25 23:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January.</p><p>The far-reaching economic impact of the war in Ukraine, grinding supply-chain disruptions, inflation and rising U.S. interest rates all pose a threat to forecasts made by the two Detroit automakers in January.</p><p>Shares of both companies are down sharply since January. Downbeat results last week from used car sellers Carvana Co and Carmax Inc spooked investors concerned about inflation&#39;s impact on U.S. consumer spending.</p><p>GM projected in January it could improve wholesale deliveries by 25% to 30% over 2021, and predicted commodity and logistics costs would rise by $2.5 billion. The company said it expected to earn $13 billion to $15 billion in pretax profit.</p><p>&#34;We are not quite clear on whether there will be a small potential cut to top end of the &#39;22 guide,&#34; Evercore ISI wrote in a note ahead of GM&#39;s first-quarter release scheduled for Tuesday.</p><p>As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. One factor Evercore cited: Ford&#39;s significant exposure to soaring prices for the aluminum used to build its best-selling F-150 pickup and other vehicles.</p><p>In early March, Ford&#39;s chief financial officer, John Lawler, reaffirmed the company&#39;s forecast that it could generate $11.5 billion to $12.5 billion in pretax profit for 2022. The Dearborn, Michigan, automaker and its chief executive, Jim Farley, have laid out an ambitious agenda, including dividing Ford&#39;s automotive operations into separate electric and internal combustion technology units.</p><p>GM and Ford both must manage the costs of launching new electric vehicles. At GM, the company is ramping up production of its Cadillac Lyriq crossovers and GMC Hummer trucks. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday.</p><p>Supply-chain disruptions are slowing vehicle production for both companies. During 2021, higher prices offset much of the financial hit from lost sales volume. But rising interest costs will make it harder for consumers to keep paying more.</p><p>GM&#39;s deliveries in China, its largest market, fell 21% during the first quarter. In the United States, GM&#39;s sales for the first quarter fell by 20%. Ford&#39;s U.S. sales fell by 17% in the first quarter compared with a year ago.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4574":"无人驾驶","GM":"通用汽车","BK4559":"巴菲特持仓","BK4561":"索罗斯持仓","BK4555":"新能源车","F":"福特汽车","BK4566":"资本集团","BK4099":"汽车制造商"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230143849","content_text":"DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January.The far-reaching economic impact of the war in Ukraine, grinding supply-chain disruptions, inflation and rising U.S. interest rates all pose a threat to forecasts made by the two Detroit automakers in January.Shares of both companies are down sharply since January. Downbeat results last week from used car sellers Carvana Co and Carmax Inc spooked investors concerned about inflation's impact on U.S. consumer spending.GM projected in January it could improve wholesale deliveries by 25% to 30% over 2021, and predicted commodity and logistics costs would rise by $2.5 billion. The company said it expected to earn $13 billion to $15 billion in pretax profit.\"We are not quite clear on whether there will be a small potential cut to top end of the '22 guide,\" Evercore ISI wrote in a note ahead of GM's first-quarter release scheduled for Tuesday.As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. One factor Evercore cited: Ford's significant exposure to soaring prices for the aluminum used to build its best-selling F-150 pickup and other vehicles.In early March, Ford's chief financial officer, John Lawler, reaffirmed the company's forecast that it could generate $11.5 billion to $12.5 billion in pretax profit for 2022. The Dearborn, Michigan, automaker and its chief executive, Jim Farley, have laid out an ambitious agenda, including dividing Ford's automotive operations into separate electric and internal combustion technology units.GM and Ford both must manage the costs of launching new electric vehicles. At GM, the company is ramping up production of its Cadillac Lyriq crossovers and GMC Hummer trucks. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday.Supply-chain disruptions are slowing vehicle production for both companies. During 2021, higher prices offset much of the financial hit from lost sales volume. But rising interest costs will make it harder for consumers to keep paying more.GM's deliveries in China, its largest market, fell 21% during the first quarter. In the United States, GM's sales for the first quarter fell by 20%. Ford's U.S. sales fell by 17% in the first quarter compared with a year ago.","news_type":1},"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9082391477,"gmtCreate":1650518049280,"gmtModify":1676534743500,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082391477","repostId":"2229668973","repostType":4,"repost":{"id":"2229668973","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":1650496627,"share":"https://ttm.financial/m/news/2229668973?lang=&edition=fundamental","pubTime":"2022-04-21 07:17","market":"us","language":"en","title":"US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2229668973","media":"Reuters","summary":"* Procter & Gamble up on raising FY sales forecast* IBM gains on upbeat forecast, Q1 results beat* N","content":"<html><head></head><body><p>* Procter &amp; Gamble up on raising FY sales forecast</p><p>* <a href=\"https://laohu8.com/S/IBM\">IBM</a> gains on upbeat forecast, Q1 results beat</p><p>* Netflix slumps after Q1 subscriber loss</p><p>* Indexes: Dow up 0.71%, S&amp;P slips 0.06%, Nasdaq off 1.22%</p><p>The tech-heavy Nasdaq dropped on Wednesday as Netflix&#39;s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.</p><p>By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter &amp; Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.</p><p>Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.</p><p>The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.</p><p>Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.</p><p>Suffering financials included <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc and <a href=\"https://laohu8.com/S/SQ\">Block</a> Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.</p><p>&#34;Once profits move so far, it becomes harder to get that next little bit of growth, and it&#39;s harder to obtain it in the late cycle,&#34; said Jason Pride, chief investment officer of private wealth at Glenmede.</p><p>&#34;I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.&#34;</p><p>Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&amp;P 500 is down 6.4%.</p><p>Overall, the earnings season has started on a strong note. Of the 60 companies in the S&amp;P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.</p><p>The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&amp;P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.</p><p>The communication services sector declined 4.1%, although eight of the 11 major S&amp;P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.</p><p>Meanwhile, the latest data points on the Federal Reserve&#39;s monetary policy tightening plans were released in the afternoon.</p><p>Its &#34;Beige Book&#34; showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is &#34;complete&#34;.</p><p>The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.</p><p>Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.</p><p>Investors had been concerned about the electric automaker&#39;s ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city&#39;s COVID-19 lockdown.</p><p>United Airlines Holdings Inc gained 1.2%, helping the S&amp;P 1500 Airlines index to a sixth advance in the past seven sessions. United&#39;s shares dipped marginally after it reported earnings after the closing bell.</p><p>The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.</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>US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech</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\">\nUS STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech\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\">2022-04-21 07:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Procter &amp; Gamble up on raising FY sales forecast</p><p>* <a href=\"https://laohu8.com/S/IBM\">IBM</a> gains on upbeat forecast, Q1 results beat</p><p>* Netflix slumps after Q1 subscriber loss</p><p>* Indexes: Dow up 0.71%, S&amp;P slips 0.06%, Nasdaq off 1.22%</p><p>The tech-heavy Nasdaq dropped on Wednesday as Netflix&#39;s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.</p><p>By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter &amp; Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.</p><p>Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.</p><p>The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.</p><p>Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.</p><p>Suffering financials included <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc and <a href=\"https://laohu8.com/S/SQ\">Block</a> Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.</p><p>&#34;Once profits move so far, it becomes harder to get that next little bit of growth, and it&#39;s harder to obtain it in the late cycle,&#34; said Jason Pride, chief investment officer of private wealth at Glenmede.</p><p>&#34;I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.&#34;</p><p>Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&amp;P 500 is down 6.4%.</p><p>Overall, the earnings season has started on a strong note. Of the 60 companies in the S&amp;P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.</p><p>The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&amp;P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.</p><p>The communication services sector declined 4.1%, although eight of the 11 major S&amp;P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.</p><p>Meanwhile, the latest data points on the Federal Reserve&#39;s monetary policy tightening plans were released in the afternoon.</p><p>Its &#34;Beige Book&#34; showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is &#34;complete&#34;.</p><p>The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.</p><p>Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.</p><p>Investors had been concerned about the electric automaker&#39;s ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city&#39;s COVID-19 lockdown.</p><p>United Airlines Holdings Inc gained 1.2%, helping the S&amp;P 1500 Airlines index to a sixth advance in the past seven sessions. United&#39;s shares dipped marginally after it reported earnings after the closing bell.</p><p>The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4581":"高盛持仓","BK4566":"资本集团","QNETCN":"纳斯达克中美互联网老虎指数","BK4532":"文艺复兴科技持仓","NFLX":"奈飞","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4524":"宅经济概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229668973","content_text":"* Procter & Gamble up on raising FY sales forecast* IBM gains on upbeat forecast, Q1 results beat* Netflix slumps after Q1 subscriber loss* Indexes: Dow up 0.71%, S&P slips 0.06%, Nasdaq off 1.22%The tech-heavy Nasdaq dropped on Wednesday as Netflix's surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter & Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings Zoom Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.Suffering financials included PayPal Holdings Inc and Block Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.\"Once profits move so far, it becomes harder to get that next little bit of growth, and it's harder to obtain it in the late cycle,\" said Jason Pride, chief investment officer of private wealth at Glenmede.\"I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.\"Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&P 500 is down 6.4%.Overall, the earnings season has started on a strong note. Of the 60 companies in the S&P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.The communication services sector declined 4.1%, although eight of the 11 major S&P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.Meanwhile, the latest data points on the Federal Reserve's monetary policy tightening plans were released in the afternoon.Its \"Beige Book\" showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is \"complete\".The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.Investors had been concerned about the electric automaker's ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city's COVID-19 lockdown.United Airlines Holdings Inc gained 1.2%, helping the S&P 1500 Airlines index to a sixth advance in the past seven sessions. United's shares dipped marginally after it reported earnings after the closing bell.The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.The S&P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9015392895,"gmtCreate":1649424210779,"gmtModify":1676534509659,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015392895","repostId":"2225529120","repostType":4,"repost":{"id":"2225529120","pubTimestamp":1649430186,"share":"https://ttm.financial/m/news/2225529120?lang=&edition=fundamental","pubTime":"2022-04-08 23:03","market":"us","language":"en","title":"Is Apple Stock A Buy, Sell, Or Hold?","url":"https://stock-news.laohu8.com/highlight/detail?id=2225529120","media":"seekingalpha","summary":"Apple Inc.  is an ultra-high quality blue-chip company with an excellent brand and growth opportunit","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc. </a> is an ultra-high quality blue-chip company with an excellent brand and growth opportunities in health, automotive vehicle tech, and virtual reality. On the other hand, investors should note that the company&#39;s already very large size will likely prevent Apple from growing at an overly high pace in the coming years. Buybacks will also be less impactful due to an above-average valuation, and total returns could therefore be significantly lower compared to what investors got used to over the last couple of years.</p><h2>AAPL Stock Key Metrics</h2><p>Apple has excellent fundamentals. This includes strong margins, which are the result of a brand that warrants premium prices for Apple&#39;s products. Strong margins naturally mean that the company earns large amounts of money for each product it sells, but margins are also of importance due to a couple of other factors. High margins mean that inflationary pressures do not hurt Apple too much, for example. If margins were to compress by 100 base points due to higher input costs, the hit to Apple&#39;s bottom line would be a pretty small 4%. A competitor with a weaker net profit margin of 10% would see profits take a 10% hit in the same margin compression scenario. In a way, Apple&#39;s strong margins thus reduce risks for shareholders, as the company is able to stomach inflation, recessions, etc. easier compared to peers that are less profitable.</p><p>Apple also has a strong balance sheet and generates excellent cash flows. Per the company&#39;s most recent 10-Q filing, Apple Inc. had $203 billion of cash and equivalents on its balance sheet at the end of the first quarter. This was partially offset by $123 billion of debt, for a net cash position of $80 billion. At the same time, Apple&#39;s free cash flow came in at a gigantic $102 billion over the last four quarters, with capital expenditures of $10 billion already being accounted for. Capital expenditures of $10 billion aren&#39;t high for a company the size of Apple, but that can be attributed to its asset-light business model. Without costly manufacturing equipment, production plants, etc., the company is able to turn most of its operating cash flows into free cash. This naturally benefits shareholders as Apple can finance immense shareholder returns via dividends and buybacks.</p><h2>Apple&#39;s Growth Potential In Different Markets</h2><p>Apple&#39;s biggest business today is its iPhone franchise. That is not a high-growth market, however. Many people around the world have smartphones already, and those that do not own a smartphone generally do not buy a (high-priced) iPhone as their first product, instead opting for lower-priced entry phones. That being said, the iPhone business should still generate some growth through price increases over the years, but that will not be a major growth driver. Apple&#39;s very fast iPhone profits allow the company to invest in other areas, however. On top of that, the iPhone user base is important when it comes to growing revenues in the services segment.</p><p>As iPhone users acquire additional apps and consume more services and media through their phones over time, Apple&#39;s services (Apple Music, iCloud, Apple Pay, and the take from sales in its App Store) will experience growth over time. During the most recent quarter, Apple&#39;s Services revenue hit a new all-time high, with revenue of $19.5 billion, which was up 23% year over year. I expect that the addition of new services over time and the growing usage of existing services will allow Apple to grow its Services revenue meaningfully over the coming years.</p><p>Apple also seeks to expand in other areas. This includes Apple&#39;s Health ventures, as well as the Apple Car project. In both cases, Apple addresses a large market, which means that these projects could eventually move the needle very meaningfully for Apple. At least in the very near term, those will not be relevant growth drivers, however.</p><p>Some projections see the Apple Car project add $50 billion in revenue by 2030. That sounds like quite a lot, but on a relative basis, it&#39;s not that much, to be honest. Apple has generated revenue of $380 billion over the last year, thus the Apple Car business would add around 13% to that. If that were to happen during a single year, that would be outstanding, of course. But if it happens over roughly ten years, then the annualized growth boost is relatively slim, at just 1%-2%. When Apple&#39;s iPhone sales started to soar, the company generated year-over-year revenue growth rates of 50% and more during some quarters. The Apple Car project, even if successful, will not replicate that. The law of large numbers dictates that growing at a high relative growth rate becomes harder the larger a company gets. And with sales in the $380 billion a year area, Apple is very large already, which means that even successful product introductions will almost certainly not allow Apple to deliver another 50%+ revenue gain in the future, ever.</p><p>Still, between growth from its existing businesses and the introduction of new products over time, Apple will continue to deliver reasonable business growth over the years. Analysts are currently predicting a revenue growth rate of 7% a year through the next decade. My personal estimate would be slightly lower, at around 5%, but Apple may very well hit the 7% level -- which would be a strong result for a company this large, even though some of Apple&#39;s owners might be hoping for (way) stronger growth.</p><h2>Will The Metaverse Impact Apple?</h2><p>Apple also has ambitions when it comes to the Metaverse. Those haven&#39;t been broadcasted as widely as those from <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (FB), Microsoft (MSFT), etc. But still, Apple seeks to become a major player in this future industry. Apple&#39;s CEO Tim Cook first started publicly speaking about Augmented Reality in 2017, and that&#39;s also when Apple&#39;s ARKit was introduced. There are rumors that Apple might introduce its first AR/VR headset Apple Glass as early as this year, although there are no guarantees for that, of course. Still, it seems pretty clear that Apple&#39;s expansion into this space will continue over the coming years. Apple&#39;s revenue potential is uncertain, however. Whether AR/VR tech will become big enough to move the needle in a big way seems questionable for the next couple of years at least. But even if the Metaverse impact remains relatively small for the foreseeable future, the growth in the businesses laid out above should allow Apple to grow meaningfully going forward.</p><h2>Where Will Apple Stock Be In 10 Years?</h2><p>Business growth opportunities do not necessarily translate into strong equity returns. Cisco (CSCO) grew its business considerably between 2000 and 2010, as revenue rose by close to 100%. And still, Cisco&#39;s shares went down by more than 60% in that time frame, as valuation compression was even more impactful than the business growth the company experienced in that time frame. In Apple&#39;s case, total returns will be stronger, but multiple compression could still be a headwind going forward:</p><p><img src=\"https://static.tigerbbs.com/05d814ce0bd4641eabe68a69249df8f1\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>Apple trades at a ~30% premium compared to the 5-year median when we look at its earnings multiple, while the premium compared to the 5-year median is ~50% when we look at Apple&#39;s enterprise value to EBITDA ratio. Clearly, Apple is significantly more expensive than it used to be in the past. When we look at the median valuations over the last ten years, the current premium is even more pronounced.</p><p>If Apple manages to grow its revenue by 7% a year over the next decade, in line with what analysts are expecting, we could see earnings per share growth in the 10% range, once we account for buybacks. Those have slowed down to just 2% over the last year, but let&#39;s still assume that Apple will be able to buy back around 3% of its share count in the future. With 10% annual earnings per share growth, Apple would be a pretty fast-growing enterprise, considering its already very large size. In that scenario, earnings per share could climb from $6.15 in 2022 to around $15.90 in 2032. If Apple were to trade at 22x net profits a decade from now, the share price would be $350. In this scenario, where Apple is trading in line with the 5-year median valuation, Apple would deliver annual share price gains of 7%.</p><p>When we consider that the last five years have been pretty good for equities and that this will not necessarily be the case going forward, <a href=\"https://laohu8.com/S/AONE.U\">one</a> can also make a case for a lower valuation, however. Rising interest rates could definitely result in lower valuations in future years, compared to how Apple and other equities were valued in the recent past. If Apple were to trade at 20x net profits a decade from now, the share price would be $320 in 2032, which would translate into 6% annual share price gains. If the earnings multiple drops to 18, the 2032 share price target is $286, which would result in annual share price gains of 5%. Some investors might believe that a valuation this low is highly unlikely, as AAPL is trading well above that level today. But once we consider that the 10-year median earnings multiple is <i>even lower</i>, at 16, a high-teens earnings multiple does not seem that unlikely after all.</p><p>All in all, we can summarize that Apple&#39;s growth outlook over the coming years is solid thanks to cash cow businesses like the iPhone that allow for growth investments in other areas. Share buybacks should also allow AAPL to grow its earnings per share more quickly compared to the business growth rate. That being said, the share price might not rise that much over the coming decade. Depending on circumstances such as market sentiment, interest rates, etc. a share price in the $280 to $350 range seems realistic, I believe. That would translate into annual share price gains of 5%-7%.</p><h2>Is AAPL Stock A Buy, Sell, Or Hold?</h2><p>Apple is an excellent company, and it has been a great investment in the past. But the fact that Apple has delivered outstanding returns over the last five or ten years does not mean that this will repeat. Shares were cheap a decade ago, and they are trading at a huge premium compared to the historic valuation today. To me, it seems realistic that Apple will deliver mid-to-high single-digits annual returns going forward. That&#39;s far from bad, but I do not believe that this makes Apple a Buy today.</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>Is Apple Stock A Buy, Sell, Or Hold?</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 Apple Stock A Buy, Sell, Or Hold?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-08 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500335-apple-stock-10-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc.  is an ultra-high quality blue-chip company with an excellent brand and growth opportunities in health, automotive vehicle tech, and virtual reality. On the other hand, investors should ...</p>\n\n<a href=\"https://seekingalpha.com/article/4500335-apple-stock-10-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4575":"芯片概念","BK4576":"AR","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","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","AAPL":"苹果","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4571":"数字音乐概念","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://seekingalpha.com/article/4500335-apple-stock-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2225529120","content_text":"Apple Inc.  is an ultra-high quality blue-chip company with an excellent brand and growth opportunities in health, automotive vehicle tech, and virtual reality. On the other hand, investors should note that the company's already very large size will likely prevent Apple from growing at an overly high pace in the coming years. Buybacks will also be less impactful due to an above-average valuation, and total returns could therefore be significantly lower compared to what investors got used to over the last couple of years.AAPL Stock Key MetricsApple has excellent fundamentals. This includes strong margins, which are the result of a brand that warrants premium prices for Apple's products. Strong margins naturally mean that the company earns large amounts of money for each product it sells, but margins are also of importance due to a couple of other factors. High margins mean that inflationary pressures do not hurt Apple too much, for example. If margins were to compress by 100 base points due to higher input costs, the hit to Apple's bottom line would be a pretty small 4%. A competitor with a weaker net profit margin of 10% would see profits take a 10% hit in the same margin compression scenario. In a way, Apple's strong margins thus reduce risks for shareholders, as the company is able to stomach inflation, recessions, etc. easier compared to peers that are less profitable.Apple also has a strong balance sheet and generates excellent cash flows. Per the company's most recent 10-Q filing, Apple Inc. had $203 billion of cash and equivalents on its balance sheet at the end of the first quarter. This was partially offset by $123 billion of debt, for a net cash position of $80 billion. At the same time, Apple's free cash flow came in at a gigantic $102 billion over the last four quarters, with capital expenditures of $10 billion already being accounted for. Capital expenditures of $10 billion aren't high for a company the size of Apple, but that can be attributed to its asset-light business model. Without costly manufacturing equipment, production plants, etc., the company is able to turn most of its operating cash flows into free cash. This naturally benefits shareholders as Apple can finance immense shareholder returns via dividends and buybacks.Apple's Growth Potential In Different MarketsApple's biggest business today is its iPhone franchise. That is not a high-growth market, however. Many people around the world have smartphones already, and those that do not own a smartphone generally do not buy a (high-priced) iPhone as their first product, instead opting for lower-priced entry phones. That being said, the iPhone business should still generate some growth through price increases over the years, but that will not be a major growth driver. Apple's very fast iPhone profits allow the company to invest in other areas, however. On top of that, the iPhone user base is important when it comes to growing revenues in the services segment.As iPhone users acquire additional apps and consume more services and media through their phones over time, Apple's services (Apple Music, iCloud, Apple Pay, and the take from sales in its App Store) will experience growth over time. During the most recent quarter, Apple's Services revenue hit a new all-time high, with revenue of $19.5 billion, which was up 23% year over year. I expect that the addition of new services over time and the growing usage of existing services will allow Apple to grow its Services revenue meaningfully over the coming years.Apple also seeks to expand in other areas. This includes Apple's Health ventures, as well as the Apple Car project. In both cases, Apple addresses a large market, which means that these projects could eventually move the needle very meaningfully for Apple. At least in the very near term, those will not be relevant growth drivers, however.Some projections see the Apple Car project add $50 billion in revenue by 2030. That sounds like quite a lot, but on a relative basis, it's not that much, to be honest. Apple has generated revenue of $380 billion over the last year, thus the Apple Car business would add around 13% to that. If that were to happen during a single year, that would be outstanding, of course. But if it happens over roughly ten years, then the annualized growth boost is relatively slim, at just 1%-2%. When Apple's iPhone sales started to soar, the company generated year-over-year revenue growth rates of 50% and more during some quarters. The Apple Car project, even if successful, will not replicate that. The law of large numbers dictates that growing at a high relative growth rate becomes harder the larger a company gets. And with sales in the $380 billion a year area, Apple is very large already, which means that even successful product introductions will almost certainly not allow Apple to deliver another 50%+ revenue gain in the future, ever.Still, between growth from its existing businesses and the introduction of new products over time, Apple will continue to deliver reasonable business growth over the years. Analysts are currently predicting a revenue growth rate of 7% a year through the next decade. My personal estimate would be slightly lower, at around 5%, but Apple may very well hit the 7% level -- which would be a strong result for a company this large, even though some of Apple's owners might be hoping for (way) stronger growth.Will The Metaverse Impact Apple?Apple also has ambitions when it comes to the Metaverse. Those haven't been broadcasted as widely as those from Meta Platforms (FB), Microsoft (MSFT), etc. But still, Apple seeks to become a major player in this future industry. Apple's CEO Tim Cook first started publicly speaking about Augmented Reality in 2017, and that's also when Apple's ARKit was introduced. There are rumors that Apple might introduce its first AR/VR headset Apple Glass as early as this year, although there are no guarantees for that, of course. Still, it seems pretty clear that Apple's expansion into this space will continue over the coming years. Apple's revenue potential is uncertain, however. Whether AR/VR tech will become big enough to move the needle in a big way seems questionable for the next couple of years at least. But even if the Metaverse impact remains relatively small for the foreseeable future, the growth in the businesses laid out above should allow Apple to grow meaningfully going forward.Where Will Apple Stock Be In 10 Years?Business growth opportunities do not necessarily translate into strong equity returns. Cisco (CSCO) grew its business considerably between 2000 and 2010, as revenue rose by close to 100%. And still, Cisco's shares went down by more than 60% in that time frame, as valuation compression was even more impactful than the business growth the company experienced in that time frame. In Apple's case, total returns will be stronger, but multiple compression could still be a headwind going forward:Data by YChartsApple trades at a ~30% premium compared to the 5-year median when we look at its earnings multiple, while the premium compared to the 5-year median is ~50% when we look at Apple's enterprise value to EBITDA ratio. Clearly, Apple is significantly more expensive than it used to be in the past. When we look at the median valuations over the last ten years, the current premium is even more pronounced.If Apple manages to grow its revenue by 7% a year over the next decade, in line with what analysts are expecting, we could see earnings per share growth in the 10% range, once we account for buybacks. Those have slowed down to just 2% over the last year, but let's still assume that Apple will be able to buy back around 3% of its share count in the future. With 10% annual earnings per share growth, Apple would be a pretty fast-growing enterprise, considering its already very large size. In that scenario, earnings per share could climb from $6.15 in 2022 to around $15.90 in 2032. If Apple were to trade at 22x net profits a decade from now, the share price would be $350. In this scenario, where Apple is trading in line with the 5-year median valuation, Apple would deliver annual share price gains of 7%.When we consider that the last five years have been pretty good for equities and that this will not necessarily be the case going forward, one can also make a case for a lower valuation, however. Rising interest rates could definitely result in lower valuations in future years, compared to how Apple and other equities were valued in the recent past. If Apple were to trade at 20x net profits a decade from now, the share price would be $320 in 2032, which would translate into 6% annual share price gains. If the earnings multiple drops to 18, the 2032 share price target is $286, which would result in annual share price gains of 5%. Some investors might believe that a valuation this low is highly unlikely, as AAPL is trading well above that level today. But once we consider that the 10-year median earnings multiple is even lower, at 16, a high-teens earnings multiple does not seem that unlikely after all.All in all, we can summarize that Apple's growth outlook over the coming years is solid thanks to cash cow businesses like the iPhone that allow for growth investments in other areas. Share buybacks should also allow AAPL to grow its earnings per share more quickly compared to the business growth rate. That being said, the share price might not rise that much over the coming decade. Depending on circumstances such as market sentiment, interest rates, etc. a share price in the $280 to $350 range seems realistic, I believe. That would translate into annual share price gains of 5%-7%.Is AAPL Stock A Buy, Sell, Or Hold?Apple is an excellent company, and it has been a great investment in the past. But the fact that Apple has delivered outstanding returns over the last five or ten years does not mean that this will repeat. Shares were cheap a decade ago, and they are trading at a huge premium compared to the historic valuation today. To me, it seems realistic that Apple will deliver mid-to-high single-digits annual returns going forward. That's far from bad, but I do not believe that this makes Apple a Buy today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9034972681,"gmtCreate":1647780079693,"gmtModify":1676534265210,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[666]&nbsp;","listText":"[666]&nbsp;","text":"[666]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034972681","repostId":"2220726035","repostType":4,"repost":{"id":"2220726035","pubTimestamp":1647650557,"share":"https://ttm.financial/m/news/2220726035?lang=&edition=fundamental","pubTime":"2022-03-19 08:42","market":"us","language":"en","title":"Disney: Awakening The Sleeping Giant","url":"https://stock-news.laohu8.com/highlight/detail?id=2220726035","media":"seekingalpha","summary":"SummaryDisney+ is on track to meeting its FY2024 targets and will be doubling the number of original","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Disney+ is on track to meeting its FY2024 targets and will be doubling the number of original content as well as the number of markets it&#39;s operating in.</li><li>ESPN&#39;s huge scale could bring additional huge growth opportunities in sports betting, which Disney has given the nod of approval for.</li><li>Both domestic and international parks will see strong recovery as pent-up demand for travel brings traffic back to Disney&#39;s parks along with an improvement in margins.</li><li>Based on an SOTP valuation, my target price for Disney is $197, implying 43% upside from current levels.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b25c502149358c089ee67660f6d4830\" tg-width=\"750\" tg-height=\"500\" width=\"100%\" height=\"auto\"/><span>hapabapa/iStock Editorial via Getty Images</span></p><p>Walt Disney (NYSE:DIS) is an attractive investment right now due to its long term growth potential as well as its likely recovery from covid impacts to its parks and attractions.</p><p><b>Investment thesis</b></p><p>The investment theses for Disney are as follows:</p><ol><li>Disney+ will be doubling the number of markets it operates in globally and doubling the amount of original content it is releasing. Furthermore, the market is under-pricing the chance of Disney+ achieving its FY2024 targets, which in my view, is becoming much more achievable with the current roadmap.</li><li>Sports could be an interesting bright spot for Disney as ESPN could leverage on its huge scale to enter sports betting, which is what many of its ESPN consumers want.</li><li>Parks segment will see a strong recovery in FY2022 due to increasing domestic and international guests at its attractions as travel resumes and heads back towards pre-COVID times.</li></ol><p>Overview</p><p>When looking at Disney, it&#39;s important to note the revenue mix of the company. There are two main segments to Disney:</p><ol><li>Disney Media &amp; Entertainment Distribution (DMED) segment which makes up 75% of revenues in 2021. This segment was formed in 2020 as part of Disney&#39;s reorganisation of its media and entertainment business and as it focuses more on the segment. This segment includes streaming services,, linear and syndicated television networks. This includes the direct-to-consumer units like Disney+, Hotstar, ESPN, Hulu</li><li>Disney Parks, Experiences &amp; Products (DPEP) segment which makes up 25% of revenues in 2021. This is Disney&#39;s most iconic travel and leisure business which includes its 6 resort destinations in the United States, Europe and Asia, as well as its cruise line.</li></ol><p>However, the revenue mix in FY2020 and FY2021, in my opinion, is more skewed towards DMED segment due to the huge impact on DPEP segment as the COVID 19 pandemic struck in 2020 and the impacts continued to linger in 2021. Of course, there is also the trend of fast growing DMED segment due to the increasing penetration of Disney&#39;s DTC streaming services like Disney+</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85405b7865b0cfd86dacf33622d3fdb2\" tg-width=\"640\" tg-height=\"184\" width=\"100%\" height=\"auto\"/><span>Revenue mix and growth of Disney (Disney Annual Reports)</span></p><p>When looking at the operating income mix, I think it is quite clear that the DPEP segment has not just seen a decline in revenues, but also margin reduction due to the low volumes in its parks and attractions. That said, at pre-COVID levels, the DPEP segment was one of the more profitable segments at around 27% operating margins. In my opinion, it is a matter of time before Disney&#39;s DPEP segment operating margins will normalise as customers return to its parks.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7cde9d56416980fbbade8ae8f921bbbd\" tg-width=\"640\" tg-height=\"233\" width=\"100%\" height=\"auto\"/><span>Disney Operating Income Mix and Growth (Disney Annual Reports)</span></p><p><b>Disney+ is well positioned for the future</b></p><p>With net adds to Disney+ subs being 11.8 million in 1QFY22, this beat on consensus shows me that the market may perhaps be underpricing the probability of Disney+ achieving its long term 2024 target of achieving 230 million to 260 million subscribers.</p><p>Furthermore, what makes me more optimistic about Disney+ is the strong slate of marquee content coming in 2QF22 and beyond.</p><p>Overall, Disney is almost doubling the amount or original content from its marquee brands in Disney+ in FY2022, with most of these titles coming online in 2HFY22, particularly between July and September. In 2QF22, Pixar will release <i>Turning Red</i> (11 March) and Marvel releases <i>Moon Knight</i> (30 March).</p><p>More highly anticipated releases in 3QF22 and after will include 2 new Star Wars series <i>Andor</i> (To be announced) and <i>Obi-Wan Kenobi</i> (25 March), new Marvel series <i>Ms. Marvel</i> (To be announced) and <i>She-Hulk</i> (To be announced), a live-action <i>Pinocchio</i>(To be announced) starring Tom Hanks, and <i>Hocus Pocus 2</i> (FY2023).</p><p>Management reiterated that they have more than 340 local original titles in various stages of development and production for their DTC platforms over the next few years. Local content offerings are also increasing in Asia, India, Europe, and LatAm in FY2022, with the majority of those titles releasing in F2H22.</p><p>In my opinion, this will be a pivotal moment for Disney+ as 4QFY22 will be the first time in Disney+ history that the company will be releasing original content throughout the quarter from all of Disney, Marvel, Star Wars, Pixar, and Nat Geo.</p><p>Although there could be some risk of subs deceleration in 2QFY22 due to the back end weighted content in the second half of the year. That said, the focus should really be on 2HFY22 as, in my opinion, there could be meaningfully much higher net adds to subscriber base, partly due to content release schedule in 2HFY22, and also the international launches happening as Disney+ expands its reach globally.</p><p>In the 1QFY22 management call, management emphasised Disney+&#39;s expansion globally. In FY2022, the company plans on bringing Disney+ to more than 50 more countries. This includes countries in Central Eastern Europe, the Middle East, and South Africa.</p><p>In total, management has plans to more than double the number of markets Disney+ is in now from 80 currently to more than 160 markets by FY2023. I would expect that the initial impact of these planned market launches will be most evident in F3Q22. As such, I am of the opinion that we will continue to see quarter over quarter improvements in Disney+ net adds from 8 million net adds in 2QFY22, to 12 million net adds in 3QFY22.</p><p><b>Sports could be a future bright spot</b></p><p>In the November 10 2021 earnings call, Bob Chapek, CEO of Disney, said that the company will expand into sports betting through ESPN. Although this may not sound like anything new, this is the first time ESPN&#39;s parent company, Disney, acknowledged that sports betting will be beneficial to the parent company and will not affect Disney&#39;s brand. This sets a clear signal that the top management in Disney is giving the go ahead to go deeper and bigger into the world of sports betting.</p><p>In fact, sports betting has been something the company has been dipping its toes into. In 2020, ESPN got into an agreement with both Caesars Entertainment and DraftKings to link to their sportsbooks from</p><p>There were talks in August 2021 about ESPN, at that time, was in discussions to potentially explore a brand licensing deal with DraftKings or Caesars Entertainment for $3 billion.</p><p>Bob Chapek mentioned that the company wants to have a greater presence in online sports betting and can leverage on ESPN&#39;s reach and scale to partner with 3rd parties in the sports betting space.</p><p>In my opinion, this could help Disney create brand new revenue streams and bring growth to ESPN, especially as ESPN advertising revenues were flat in the 4th quarter of 2021 when compared to the same quarter a year before. However, its streaming service EPSN+ grew subscribers by 66% over the year and almost 90% of the most watched broadcasts on Disney&#39;s owned TV networks were sports events. Thus, I think that to leverage on this strength that Disney has would make lots of sense not just for ESPN, but for Disney as a whole.</p><p>In addition, the move to sports betting would also attract and retain a younger audience and keep the momentum growing for ESPN. Furthermore, it is noted by Chapel that the consumer wants to have sports betting and to meet the needs of the ESPN customers, Disney needs to move into sports betting or risk missing a great opportunity or even being irrelevant in the future.</p><p><b>Recovery of parks will bring huge revenue and operating income upside</b></p><p>In 1QFY22, the Parks segment saw a material beat in revenues and operating incomes which in my view is a sign that we could be seeing structurally stronger growth rates in revenue as well as operating margins normalisation as international parks and domestic parks fully open and as travel returns to pre-pandemic levels.</p><p>Although there were lower attendance than 2019, Parks revenue and operating income matched pre-pandemic levels due to the higher yield benefits with per cap spending up more than 40% compared to 1QFY19.</p><p>Furthermore, based on the latest results, trends in attendance at Disney&#39;s domestic parks have continued to increase as Walt Disney World and Disneyland 1QFY22 attendance was up double digits compared to that of 4QFY21. This was likely also reflecting the seasonality effects of the holiday season.</p><p>Moving forward, although there is likely to be continued impact from COVID in the form of volatility, Disney&#39;s domestic parks will likely see continued strong demand from domestic guests while international parks will likely see a surge in demand in the latter half of the year. This is due to the increased closures like that of Hong Kong Disneyland currently being temporarily closed.</p><p>For my longer term forecasts, I believe that we could see per caps spending sustain above pre-COVID levels and thus this will drive higher margins for the segment. Driven by huge volume and customer growth both from domestic and international guests, the recovery in Disney&#39;s Parks segment will be significant in FY2022.</p><p><b>Valuation</b></p><p>Based on above points mentioned, I developed a financial model for Disney to come up with a valuation using sum of the parts (SOTP) valuation of the different segments. Due to the currently unprofitable nature of DTC, this was forecasted using longer term DCF model for the DTC segment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/592ec77a3e6703ec77a973ea2f37ec2d\" tg-width=\"640\" tg-height=\"267\" width=\"100%\" height=\"auto\"/><span>SOTP Valuation of Disney (Author generated model)</span></p><p>Based on the SOTP valuation, I derived a target price of $197, and there is a 43% upside potential for Disney based on current price levels.</p><p>Looking to relative valuation, when comparing Disney with Netflix (NFLX), one of Disney&#39;s competitors in the streaming services market, the forward P/E ratios of both companies are somewhat similar at about 31x to 32x 1 year forward P/E.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bba2de777172d857327f65f1635488c\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>However, as highlighted in earlier sections, Disney&#39;s growth is likely to be higher than that of Netflix due to the higher growth from DPEP segment as travel recovers, and also from DMED segment as Disney+ content releases bring in record numbers of net adds and subscribers. As can be seen below, although Disney&#39;s revenues plunged in 2020, its starting to show faster growth in 2021 as it continues to recover from the COVID situation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b539d4941a78dc5366d8a9b95abaa13\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><b>Risks</b></p><p><b>Competition</b></p><p>We are seeing increased competition in the streaming space. Although Disney has a strong franchise of brands in Disney+, competitors like Netflix, Apple TV (AAPL) and Amazon Prime Video (AMZN) could significantly increase content and marketing trend, competing for the same eyeballs for streaming services and thereby restricting Disney&#39;s subscriber and margin growth.</p><p><b>COVID related risks</b></p><p>As Disney&#39;s traditional travel and leisure Parks business is very susceptible to global travel and tourism trends, any increase in COVID related measures in any geographies that Disney&#39;s parks are operating in could result in slower than expected recovery.</p><p><b>Conclusion</b></p><p>All in all, there is a good risk reward investment opportunity for Disney at the current levels. With Parks segment set to see margin improvement to above pre-COVID levels as well as see traffic return, this will bring about a huge growth in revenues and profits from the profitable parks business. Furthermore, Disney continues to execute well in its streaming business, with 2HFY22 being a very exciting time for Disney+ as it rolls out to more markets and as it releases much more original marquee content that could reach a wide range of audiences. Based on SOTP valuation, my target price for Disney is $197, implying 43% upside from current levels, which is an attractive investment opportunity in my view.</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>Disney: Awakening The Sleeping Giant</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\">\nDisney: Awakening The Sleeping Giant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-19 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4496356-disney-attractive-investment-long-term-growth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryDisney+ is on track to meeting its FY2024 targets and will be doubling the number of original content as well as the number of markets it's operating in.ESPN's huge scale could bring additional...</p>\n\n<a href=\"https://seekingalpha.com/article/4496356-disney-attractive-investment-long-term-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","BK4524":"宅经济概念","BK4108":"电影和娱乐","DIS":"迪士尼","BK4507":"流媒体概念","BK4561":"索罗斯持仓","BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","BK4550":"红杉资本持仓","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念"},"source_url":"https://seekingalpha.com/article/4496356-disney-attractive-investment-long-term-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2220726035","content_text":"SummaryDisney+ is on track to meeting its FY2024 targets and will be doubling the number of original content as well as the number of markets it's operating in.ESPN's huge scale could bring additional huge growth opportunities in sports betting, which Disney has given the nod of approval for.Both domestic and international parks will see strong recovery as pent-up demand for travel brings traffic back to Disney's parks along with an improvement in margins.Based on an SOTP valuation, my target price for Disney is $197, implying 43% upside from current levels.hapabapa/iStock Editorial via Getty ImagesWalt Disney (NYSE:DIS) is an attractive investment right now due to its long term growth potential as well as its likely recovery from covid impacts to its parks and attractions.Investment thesisThe investment theses for Disney are as follows:Disney+ will be doubling the number of markets it operates in globally and doubling the amount of original content it is releasing. Furthermore, the market is under-pricing the chance of Disney+ achieving its FY2024 targets, which in my view, is becoming much more achievable with the current roadmap.Sports could be an interesting bright spot for Disney as ESPN could leverage on its huge scale to enter sports betting, which is what many of its ESPN consumers want.Parks segment will see a strong recovery in FY2022 due to increasing domestic and international guests at its attractions as travel resumes and heads back towards pre-COVID times.OverviewWhen looking at Disney, it's important to note the revenue mix of the company. There are two main segments to Disney:Disney Media & Entertainment Distribution (DMED) segment which makes up 75% of revenues in 2021. This segment was formed in 2020 as part of Disney's reorganisation of its media and entertainment business and as it focuses more on the segment. This segment includes streaming services,, linear and syndicated television networks. This includes the direct-to-consumer units like Disney+, Hotstar, ESPN, HuluDisney Parks, Experiences & Products (DPEP) segment which makes up 25% of revenues in 2021. This is Disney's most iconic travel and leisure business which includes its 6 resort destinations in the United States, Europe and Asia, as well as its cruise line.However, the revenue mix in FY2020 and FY2021, in my opinion, is more skewed towards DMED segment due to the huge impact on DPEP segment as the COVID 19 pandemic struck in 2020 and the impacts continued to linger in 2021. Of course, there is also the trend of fast growing DMED segment due to the increasing penetration of Disney's DTC streaming services like Disney+Revenue mix and growth of Disney (Disney Annual Reports)When looking at the operating income mix, I think it is quite clear that the DPEP segment has not just seen a decline in revenues, but also margin reduction due to the low volumes in its parks and attractions. That said, at pre-COVID levels, the DPEP segment was one of the more profitable segments at around 27% operating margins. In my opinion, it is a matter of time before Disney's DPEP segment operating margins will normalise as customers return to its parks.Disney Operating Income Mix and Growth (Disney Annual Reports)Disney+ is well positioned for the futureWith net adds to Disney+ subs being 11.8 million in 1QFY22, this beat on consensus shows me that the market may perhaps be underpricing the probability of Disney+ achieving its long term 2024 target of achieving 230 million to 260 million subscribers.Furthermore, what makes me more optimistic about Disney+ is the strong slate of marquee content coming in 2QF22 and beyond.Overall, Disney is almost doubling the amount or original content from its marquee brands in Disney+ in FY2022, with most of these titles coming online in 2HFY22, particularly between July and September. In 2QF22, Pixar will release Turning Red (11 March) and Marvel releases Moon Knight (30 March).More highly anticipated releases in 3QF22 and after will include 2 new Star Wars series Andor (To be announced) and Obi-Wan Kenobi (25 March), new Marvel series Ms. Marvel (To be announced) and She-Hulk (To be announced), a live-action Pinocchio(To be announced) starring Tom Hanks, and Hocus Pocus 2 (FY2023).Management reiterated that they have more than 340 local original titles in various stages of development and production for their DTC platforms over the next few years. Local content offerings are also increasing in Asia, India, Europe, and LatAm in FY2022, with the majority of those titles releasing in F2H22.In my opinion, this will be a pivotal moment for Disney+ as 4QFY22 will be the first time in Disney+ history that the company will be releasing original content throughout the quarter from all of Disney, Marvel, Star Wars, Pixar, and Nat Geo.Although there could be some risk of subs deceleration in 2QFY22 due to the back end weighted content in the second half of the year. That said, the focus should really be on 2HFY22 as, in my opinion, there could be meaningfully much higher net adds to subscriber base, partly due to content release schedule in 2HFY22, and also the international launches happening as Disney+ expands its reach globally.In the 1QFY22 management call, management emphasised Disney+'s expansion globally. In FY2022, the company plans on bringing Disney+ to more than 50 more countries. This includes countries in Central Eastern Europe, the Middle East, and South Africa.In total, management has plans to more than double the number of markets Disney+ is in now from 80 currently to more than 160 markets by FY2023. I would expect that the initial impact of these planned market launches will be most evident in F3Q22. As such, I am of the opinion that we will continue to see quarter over quarter improvements in Disney+ net adds from 8 million net adds in 2QFY22, to 12 million net adds in 3QFY22.Sports could be a future bright spotIn the November 10 2021 earnings call, Bob Chapek, CEO of Disney, said that the company will expand into sports betting through ESPN. Although this may not sound like anything new, this is the first time ESPN's parent company, Disney, acknowledged that sports betting will be beneficial to the parent company and will not affect Disney's brand. This sets a clear signal that the top management in Disney is giving the go ahead to go deeper and bigger into the world of sports betting.In fact, sports betting has been something the company has been dipping its toes into. In 2020, ESPN got into an agreement with both Caesars Entertainment and DraftKings to link to their sportsbooks fromThere were talks in August 2021 about ESPN, at that time, was in discussions to potentially explore a brand licensing deal with DraftKings or Caesars Entertainment for $3 billion.Bob Chapek mentioned that the company wants to have a greater presence in online sports betting and can leverage on ESPN's reach and scale to partner with 3rd parties in the sports betting space.In my opinion, this could help Disney create brand new revenue streams and bring growth to ESPN, especially as ESPN advertising revenues were flat in the 4th quarter of 2021 when compared to the same quarter a year before. However, its streaming service EPSN+ grew subscribers by 66% over the year and almost 90% of the most watched broadcasts on Disney's owned TV networks were sports events. Thus, I think that to leverage on this strength that Disney has would make lots of sense not just for ESPN, but for Disney as a whole.In addition, the move to sports betting would also attract and retain a younger audience and keep the momentum growing for ESPN. Furthermore, it is noted by Chapel that the consumer wants to have sports betting and to meet the needs of the ESPN customers, Disney needs to move into sports betting or risk missing a great opportunity or even being irrelevant in the future.Recovery of parks will bring huge revenue and operating income upsideIn 1QFY22, the Parks segment saw a material beat in revenues and operating incomes which in my view is a sign that we could be seeing structurally stronger growth rates in revenue as well as operating margins normalisation as international parks and domestic parks fully open and as travel returns to pre-pandemic levels.Although there were lower attendance than 2019, Parks revenue and operating income matched pre-pandemic levels due to the higher yield benefits with per cap spending up more than 40% compared to 1QFY19.Furthermore, based on the latest results, trends in attendance at Disney's domestic parks have continued to increase as Walt Disney World and Disneyland 1QFY22 attendance was up double digits compared to that of 4QFY21. This was likely also reflecting the seasonality effects of the holiday season.Moving forward, although there is likely to be continued impact from COVID in the form of volatility, Disney's domestic parks will likely see continued strong demand from domestic guests while international parks will likely see a surge in demand in the latter half of the year. This is due to the increased closures like that of Hong Kong Disneyland currently being temporarily closed.For my longer term forecasts, I believe that we could see per caps spending sustain above pre-COVID levels and thus this will drive higher margins for the segment. Driven by huge volume and customer growth both from domestic and international guests, the recovery in Disney's Parks segment will be significant in FY2022.ValuationBased on above points mentioned, I developed a financial model for Disney to come up with a valuation using sum of the parts (SOTP) valuation of the different segments. Due to the currently unprofitable nature of DTC, this was forecasted using longer term DCF model for the DTC segment.SOTP Valuation of Disney (Author generated model)Based on the SOTP valuation, I derived a target price of $197, and there is a 43% upside potential for Disney based on current price levels.Looking to relative valuation, when comparing Disney with Netflix (NFLX), one of Disney's competitors in the streaming services market, the forward P/E ratios of both companies are somewhat similar at about 31x to 32x 1 year forward P/E.Data by YChartsHowever, as highlighted in earlier sections, Disney's growth is likely to be higher than that of Netflix due to the higher growth from DPEP segment as travel recovers, and also from DMED segment as Disney+ content releases bring in record numbers of net adds and subscribers. As can be seen below, although Disney's revenues plunged in 2020, its starting to show faster growth in 2021 as it continues to recover from the COVID situation.Data by YChartsRisksCompetitionWe are seeing increased competition in the streaming space. Although Disney has a strong franchise of brands in Disney+, competitors like Netflix, Apple TV (AAPL) and Amazon Prime Video (AMZN) could significantly increase content and marketing trend, competing for the same eyeballs for streaming services and thereby restricting Disney's subscriber and margin growth.COVID related risksAs Disney's traditional travel and leisure Parks business is very susceptible to global travel and tourism trends, any increase in COVID related measures in any geographies that Disney's parks are operating in could result in slower than expected recovery.ConclusionAll in all, there is a good risk reward investment opportunity for Disney at the current levels. With Parks segment set to see margin improvement to above pre-COVID levels as well as see traffic return, this will bring about a huge growth in revenues and profits from the profitable parks business. Furthermore, Disney continues to execute well in its streaming business, with 2HFY22 being a very exciting time for Disney+ as it rolls out to more markets and as it releases much more original marquee content that could reach a wide range of audiences. Based on SOTP valuation, my target price for Disney is $197, implying 43% upside from current levels, which is an attractive investment opportunity in my view.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9015392895,"gmtCreate":1649424210779,"gmtModify":1676534509659,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015392895","repostId":"2225529120","repostType":4,"repost":{"id":"2225529120","pubTimestamp":1649430186,"share":"https://ttm.financial/m/news/2225529120?lang=&edition=fundamental","pubTime":"2022-04-08 23:03","market":"us","language":"en","title":"Is Apple Stock A Buy, Sell, Or Hold?","url":"https://stock-news.laohu8.com/highlight/detail?id=2225529120","media":"seekingalpha","summary":"Apple Inc.  is an ultra-high quality blue-chip company with an excellent brand and growth opportunit","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc. </a> is an ultra-high quality blue-chip company with an excellent brand and growth opportunities in health, automotive vehicle tech, and virtual reality. On the other hand, investors should note that the company&#39;s already very large size will likely prevent Apple from growing at an overly high pace in the coming years. Buybacks will also be less impactful due to an above-average valuation, and total returns could therefore be significantly lower compared to what investors got used to over the last couple of years.</p><h2>AAPL Stock Key Metrics</h2><p>Apple has excellent fundamentals. This includes strong margins, which are the result of a brand that warrants premium prices for Apple&#39;s products. Strong margins naturally mean that the company earns large amounts of money for each product it sells, but margins are also of importance due to a couple of other factors. High margins mean that inflationary pressures do not hurt Apple too much, for example. If margins were to compress by 100 base points due to higher input costs, the hit to Apple&#39;s bottom line would be a pretty small 4%. A competitor with a weaker net profit margin of 10% would see profits take a 10% hit in the same margin compression scenario. In a way, Apple&#39;s strong margins thus reduce risks for shareholders, as the company is able to stomach inflation, recessions, etc. easier compared to peers that are less profitable.</p><p>Apple also has a strong balance sheet and generates excellent cash flows. Per the company&#39;s most recent 10-Q filing, Apple Inc. had $203 billion of cash and equivalents on its balance sheet at the end of the first quarter. This was partially offset by $123 billion of debt, for a net cash position of $80 billion. At the same time, Apple&#39;s free cash flow came in at a gigantic $102 billion over the last four quarters, with capital expenditures of $10 billion already being accounted for. Capital expenditures of $10 billion aren&#39;t high for a company the size of Apple, but that can be attributed to its asset-light business model. Without costly manufacturing equipment, production plants, etc., the company is able to turn most of its operating cash flows into free cash. This naturally benefits shareholders as Apple can finance immense shareholder returns via dividends and buybacks.</p><h2>Apple&#39;s Growth Potential In Different Markets</h2><p>Apple&#39;s biggest business today is its iPhone franchise. That is not a high-growth market, however. Many people around the world have smartphones already, and those that do not own a smartphone generally do not buy a (high-priced) iPhone as their first product, instead opting for lower-priced entry phones. That being said, the iPhone business should still generate some growth through price increases over the years, but that will not be a major growth driver. Apple&#39;s very fast iPhone profits allow the company to invest in other areas, however. On top of that, the iPhone user base is important when it comes to growing revenues in the services segment.</p><p>As iPhone users acquire additional apps and consume more services and media through their phones over time, Apple&#39;s services (Apple Music, iCloud, Apple Pay, and the take from sales in its App Store) will experience growth over time. During the most recent quarter, Apple&#39;s Services revenue hit a new all-time high, with revenue of $19.5 billion, which was up 23% year over year. I expect that the addition of new services over time and the growing usage of existing services will allow Apple to grow its Services revenue meaningfully over the coming years.</p><p>Apple also seeks to expand in other areas. This includes Apple&#39;s Health ventures, as well as the Apple Car project. In both cases, Apple addresses a large market, which means that these projects could eventually move the needle very meaningfully for Apple. At least in the very near term, those will not be relevant growth drivers, however.</p><p>Some projections see the Apple Car project add $50 billion in revenue by 2030. That sounds like quite a lot, but on a relative basis, it&#39;s not that much, to be honest. Apple has generated revenue of $380 billion over the last year, thus the Apple Car business would add around 13% to that. If that were to happen during a single year, that would be outstanding, of course. But if it happens over roughly ten years, then the annualized growth boost is relatively slim, at just 1%-2%. When Apple&#39;s iPhone sales started to soar, the company generated year-over-year revenue growth rates of 50% and more during some quarters. The Apple Car project, even if successful, will not replicate that. The law of large numbers dictates that growing at a high relative growth rate becomes harder the larger a company gets. And with sales in the $380 billion a year area, Apple is very large already, which means that even successful product introductions will almost certainly not allow Apple to deliver another 50%+ revenue gain in the future, ever.</p><p>Still, between growth from its existing businesses and the introduction of new products over time, Apple will continue to deliver reasonable business growth over the years. Analysts are currently predicting a revenue growth rate of 7% a year through the next decade. My personal estimate would be slightly lower, at around 5%, but Apple may very well hit the 7% level -- which would be a strong result for a company this large, even though some of Apple&#39;s owners might be hoping for (way) stronger growth.</p><h2>Will The Metaverse Impact Apple?</h2><p>Apple also has ambitions when it comes to the Metaverse. Those haven&#39;t been broadcasted as widely as those from <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (FB), Microsoft (MSFT), etc. But still, Apple seeks to become a major player in this future industry. Apple&#39;s CEO Tim Cook first started publicly speaking about Augmented Reality in 2017, and that&#39;s also when Apple&#39;s ARKit was introduced. There are rumors that Apple might introduce its first AR/VR headset Apple Glass as early as this year, although there are no guarantees for that, of course. Still, it seems pretty clear that Apple&#39;s expansion into this space will continue over the coming years. Apple&#39;s revenue potential is uncertain, however. Whether AR/VR tech will become big enough to move the needle in a big way seems questionable for the next couple of years at least. But even if the Metaverse impact remains relatively small for the foreseeable future, the growth in the businesses laid out above should allow Apple to grow meaningfully going forward.</p><h2>Where Will Apple Stock Be In 10 Years?</h2><p>Business growth opportunities do not necessarily translate into strong equity returns. Cisco (CSCO) grew its business considerably between 2000 and 2010, as revenue rose by close to 100%. And still, Cisco&#39;s shares went down by more than 60% in that time frame, as valuation compression was even more impactful than the business growth the company experienced in that time frame. In Apple&#39;s case, total returns will be stronger, but multiple compression could still be a headwind going forward:</p><p><img src=\"https://static.tigerbbs.com/05d814ce0bd4641eabe68a69249df8f1\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>Apple trades at a ~30% premium compared to the 5-year median when we look at its earnings multiple, while the premium compared to the 5-year median is ~50% when we look at Apple&#39;s enterprise value to EBITDA ratio. Clearly, Apple is significantly more expensive than it used to be in the past. When we look at the median valuations over the last ten years, the current premium is even more pronounced.</p><p>If Apple manages to grow its revenue by 7% a year over the next decade, in line with what analysts are expecting, we could see earnings per share growth in the 10% range, once we account for buybacks. Those have slowed down to just 2% over the last year, but let&#39;s still assume that Apple will be able to buy back around 3% of its share count in the future. With 10% annual earnings per share growth, Apple would be a pretty fast-growing enterprise, considering its already very large size. In that scenario, earnings per share could climb from $6.15 in 2022 to around $15.90 in 2032. If Apple were to trade at 22x net profits a decade from now, the share price would be $350. In this scenario, where Apple is trading in line with the 5-year median valuation, Apple would deliver annual share price gains of 7%.</p><p>When we consider that the last five years have been pretty good for equities and that this will not necessarily be the case going forward, <a href=\"https://laohu8.com/S/AONE.U\">one</a> can also make a case for a lower valuation, however. Rising interest rates could definitely result in lower valuations in future years, compared to how Apple and other equities were valued in the recent past. If Apple were to trade at 20x net profits a decade from now, the share price would be $320 in 2032, which would translate into 6% annual share price gains. If the earnings multiple drops to 18, the 2032 share price target is $286, which would result in annual share price gains of 5%. Some investors might believe that a valuation this low is highly unlikely, as AAPL is trading well above that level today. But once we consider that the 10-year median earnings multiple is <i>even lower</i>, at 16, a high-teens earnings multiple does not seem that unlikely after all.</p><p>All in all, we can summarize that Apple&#39;s growth outlook over the coming years is solid thanks to cash cow businesses like the iPhone that allow for growth investments in other areas. Share buybacks should also allow AAPL to grow its earnings per share more quickly compared to the business growth rate. That being said, the share price might not rise that much over the coming decade. Depending on circumstances such as market sentiment, interest rates, etc. a share price in the $280 to $350 range seems realistic, I believe. That would translate into annual share price gains of 5%-7%.</p><h2>Is AAPL Stock A Buy, Sell, Or Hold?</h2><p>Apple is an excellent company, and it has been a great investment in the past. But the fact that Apple has delivered outstanding returns over the last five or ten years does not mean that this will repeat. Shares were cheap a decade ago, and they are trading at a huge premium compared to the historic valuation today. To me, it seems realistic that Apple will deliver mid-to-high single-digits annual returns going forward. That&#39;s far from bad, but I do not believe that this makes Apple a Buy today.</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>Is Apple Stock A Buy, Sell, Or Hold?</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 Apple Stock A Buy, Sell, Or Hold?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-08 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500335-apple-stock-10-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc.  is an ultra-high quality blue-chip company with an excellent brand and growth opportunities in health, automotive vehicle tech, and virtual reality. On the other hand, investors should ...</p>\n\n<a href=\"https://seekingalpha.com/article/4500335-apple-stock-10-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4575":"芯片概念","BK4576":"AR","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","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","AAPL":"苹果","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4571":"数字音乐概念","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://seekingalpha.com/article/4500335-apple-stock-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2225529120","content_text":"Apple Inc.  is an ultra-high quality blue-chip company with an excellent brand and growth opportunities in health, automotive vehicle tech, and virtual reality. On the other hand, investors should note that the company's already very large size will likely prevent Apple from growing at an overly high pace in the coming years. Buybacks will also be less impactful due to an above-average valuation, and total returns could therefore be significantly lower compared to what investors got used to over the last couple of years.AAPL Stock Key MetricsApple has excellent fundamentals. This includes strong margins, which are the result of a brand that warrants premium prices for Apple's products. Strong margins naturally mean that the company earns large amounts of money for each product it sells, but margins are also of importance due to a couple of other factors. High margins mean that inflationary pressures do not hurt Apple too much, for example. If margins were to compress by 100 base points due to higher input costs, the hit to Apple's bottom line would be a pretty small 4%. A competitor with a weaker net profit margin of 10% would see profits take a 10% hit in the same margin compression scenario. In a way, Apple's strong margins thus reduce risks for shareholders, as the company is able to stomach inflation, recessions, etc. easier compared to peers that are less profitable.Apple also has a strong balance sheet and generates excellent cash flows. Per the company's most recent 10-Q filing, Apple Inc. had $203 billion of cash and equivalents on its balance sheet at the end of the first quarter. This was partially offset by $123 billion of debt, for a net cash position of $80 billion. At the same time, Apple's free cash flow came in at a gigantic $102 billion over the last four quarters, with capital expenditures of $10 billion already being accounted for. Capital expenditures of $10 billion aren't high for a company the size of Apple, but that can be attributed to its asset-light business model. Without costly manufacturing equipment, production plants, etc., the company is able to turn most of its operating cash flows into free cash. This naturally benefits shareholders as Apple can finance immense shareholder returns via dividends and buybacks.Apple's Growth Potential In Different MarketsApple's biggest business today is its iPhone franchise. That is not a high-growth market, however. Many people around the world have smartphones already, and those that do not own a smartphone generally do not buy a (high-priced) iPhone as their first product, instead opting for lower-priced entry phones. That being said, the iPhone business should still generate some growth through price increases over the years, but that will not be a major growth driver. Apple's very fast iPhone profits allow the company to invest in other areas, however. On top of that, the iPhone user base is important when it comes to growing revenues in the services segment.As iPhone users acquire additional apps and consume more services and media through their phones over time, Apple's services (Apple Music, iCloud, Apple Pay, and the take from sales in its App Store) will experience growth over time. During the most recent quarter, Apple's Services revenue hit a new all-time high, with revenue of $19.5 billion, which was up 23% year over year. I expect that the addition of new services over time and the growing usage of existing services will allow Apple to grow its Services revenue meaningfully over the coming years.Apple also seeks to expand in other areas. This includes Apple's Health ventures, as well as the Apple Car project. In both cases, Apple addresses a large market, which means that these projects could eventually move the needle very meaningfully for Apple. At least in the very near term, those will not be relevant growth drivers, however.Some projections see the Apple Car project add $50 billion in revenue by 2030. That sounds like quite a lot, but on a relative basis, it's not that much, to be honest. Apple has generated revenue of $380 billion over the last year, thus the Apple Car business would add around 13% to that. If that were to happen during a single year, that would be outstanding, of course. But if it happens over roughly ten years, then the annualized growth boost is relatively slim, at just 1%-2%. When Apple's iPhone sales started to soar, the company generated year-over-year revenue growth rates of 50% and more during some quarters. The Apple Car project, even if successful, will not replicate that. The law of large numbers dictates that growing at a high relative growth rate becomes harder the larger a company gets. And with sales in the $380 billion a year area, Apple is very large already, which means that even successful product introductions will almost certainly not allow Apple to deliver another 50%+ revenue gain in the future, ever.Still, between growth from its existing businesses and the introduction of new products over time, Apple will continue to deliver reasonable business growth over the years. Analysts are currently predicting a revenue growth rate of 7% a year through the next decade. My personal estimate would be slightly lower, at around 5%, but Apple may very well hit the 7% level -- which would be a strong result for a company this large, even though some of Apple's owners might be hoping for (way) stronger growth.Will The Metaverse Impact Apple?Apple also has ambitions when it comes to the Metaverse. Those haven't been broadcasted as widely as those from Meta Platforms (FB), Microsoft (MSFT), etc. But still, Apple seeks to become a major player in this future industry. Apple's CEO Tim Cook first started publicly speaking about Augmented Reality in 2017, and that's also when Apple's ARKit was introduced. There are rumors that Apple might introduce its first AR/VR headset Apple Glass as early as this year, although there are no guarantees for that, of course. Still, it seems pretty clear that Apple's expansion into this space will continue over the coming years. Apple's revenue potential is uncertain, however. Whether AR/VR tech will become big enough to move the needle in a big way seems questionable for the next couple of years at least. But even if the Metaverse impact remains relatively small for the foreseeable future, the growth in the businesses laid out above should allow Apple to grow meaningfully going forward.Where Will Apple Stock Be In 10 Years?Business growth opportunities do not necessarily translate into strong equity returns. Cisco (CSCO) grew its business considerably between 2000 and 2010, as revenue rose by close to 100%. And still, Cisco's shares went down by more than 60% in that time frame, as valuation compression was even more impactful than the business growth the company experienced in that time frame. In Apple's case, total returns will be stronger, but multiple compression could still be a headwind going forward:Data by YChartsApple trades at a ~30% premium compared to the 5-year median when we look at its earnings multiple, while the premium compared to the 5-year median is ~50% when we look at Apple's enterprise value to EBITDA ratio. Clearly, Apple is significantly more expensive than it used to be in the past. When we look at the median valuations over the last ten years, the current premium is even more pronounced.If Apple manages to grow its revenue by 7% a year over the next decade, in line with what analysts are expecting, we could see earnings per share growth in the 10% range, once we account for buybacks. Those have slowed down to just 2% over the last year, but let's still assume that Apple will be able to buy back around 3% of its share count in the future. With 10% annual earnings per share growth, Apple would be a pretty fast-growing enterprise, considering its already very large size. In that scenario, earnings per share could climb from $6.15 in 2022 to around $15.90 in 2032. If Apple were to trade at 22x net profits a decade from now, the share price would be $350. In this scenario, where Apple is trading in line with the 5-year median valuation, Apple would deliver annual share price gains of 7%.When we consider that the last five years have been pretty good for equities and that this will not necessarily be the case going forward, one can also make a case for a lower valuation, however. Rising interest rates could definitely result in lower valuations in future years, compared to how Apple and other equities were valued in the recent past. If Apple were to trade at 20x net profits a decade from now, the share price would be $320 in 2032, which would translate into 6% annual share price gains. If the earnings multiple drops to 18, the 2032 share price target is $286, which would result in annual share price gains of 5%. Some investors might believe that a valuation this low is highly unlikely, as AAPL is trading well above that level today. But once we consider that the 10-year median earnings multiple is even lower, at 16, a high-teens earnings multiple does not seem that unlikely after all.All in all, we can summarize that Apple's growth outlook over the coming years is solid thanks to cash cow businesses like the iPhone that allow for growth investments in other areas. Share buybacks should also allow AAPL to grow its earnings per share more quickly compared to the business growth rate. That being said, the share price might not rise that much over the coming decade. Depending on circumstances such as market sentiment, interest rates, etc. a share price in the $280 to $350 range seems realistic, I believe. That would translate into annual share price gains of 5%-7%.Is AAPL Stock A Buy, Sell, Or Hold?Apple is an excellent company, and it has been a great investment in the past. But the fact that Apple has delivered outstanding returns over the last five or ten years does not mean that this will repeat. Shares were cheap a decade ago, and they are trading at a huge premium compared to the historic valuation today. To me, it seems realistic that Apple will deliver mid-to-high single-digits annual returns going forward. That's far from bad, but I do not believe that this makes Apple a Buy today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084460789,"gmtCreate":1650902226766,"gmtModify":1676534812359,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084460789","repostId":"2230143849","repostType":4,"repost":{"id":"2230143849","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":1650899026,"share":"https://ttm.financial/m/news/2230143849?lang=&edition=fundamental","pubTime":"2022-04-25 23:03","market":"us","language":"en","title":"GM, Ford Steer into the Headwinds of Inflation, Rising Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2230143849","media":"Reuters","summary":"DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results ","content":"<html><head></head><body><p>DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January.</p><p>The far-reaching economic impact of the war in Ukraine, grinding supply-chain disruptions, inflation and rising U.S. interest rates all pose a threat to forecasts made by the two Detroit automakers in January.</p><p>Shares of both companies are down sharply since January. Downbeat results last week from used car sellers Carvana Co and Carmax Inc spooked investors concerned about inflation&#39;s impact on U.S. consumer spending.</p><p>GM projected in January it could improve wholesale deliveries by 25% to 30% over 2021, and predicted commodity and logistics costs would rise by $2.5 billion. The company said it expected to earn $13 billion to $15 billion in pretax profit.</p><p>&#34;We are not quite clear on whether there will be a small potential cut to top end of the &#39;22 guide,&#34; Evercore ISI wrote in a note ahead of GM&#39;s first-quarter release scheduled for Tuesday.</p><p>As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. One factor Evercore cited: Ford&#39;s significant exposure to soaring prices for the aluminum used to build its best-selling F-150 pickup and other vehicles.</p><p>In early March, Ford&#39;s chief financial officer, John Lawler, reaffirmed the company&#39;s forecast that it could generate $11.5 billion to $12.5 billion in pretax profit for 2022. The Dearborn, Michigan, automaker and its chief executive, Jim Farley, have laid out an ambitious agenda, including dividing Ford&#39;s automotive operations into separate electric and internal combustion technology units.</p><p>GM and Ford both must manage the costs of launching new electric vehicles. At GM, the company is ramping up production of its Cadillac Lyriq crossovers and GMC Hummer trucks. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday.</p><p>Supply-chain disruptions are slowing vehicle production for both companies. During 2021, higher prices offset much of the financial hit from lost sales volume. But rising interest costs will make it harder for consumers to keep paying more.</p><p>GM&#39;s deliveries in China, its largest market, fell 21% during the first quarter. In the United States, GM&#39;s sales for the first quarter fell by 20%. Ford&#39;s U.S. sales fell by 17% in the first quarter compared with a year ago.</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>GM, Ford Steer into the Headwinds of Inflation, Rising Rates</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\">\nGM, Ford Steer into the Headwinds of Inflation, Rising Rates\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\">2022-04-25 23:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January.</p><p>The far-reaching economic impact of the war in Ukraine, grinding supply-chain disruptions, inflation and rising U.S. interest rates all pose a threat to forecasts made by the two Detroit automakers in January.</p><p>Shares of both companies are down sharply since January. Downbeat results last week from used car sellers Carvana Co and Carmax Inc spooked investors concerned about inflation&#39;s impact on U.S. consumer spending.</p><p>GM projected in January it could improve wholesale deliveries by 25% to 30% over 2021, and predicted commodity and logistics costs would rise by $2.5 billion. The company said it expected to earn $13 billion to $15 billion in pretax profit.</p><p>&#34;We are not quite clear on whether there will be a small potential cut to top end of the &#39;22 guide,&#34; Evercore ISI wrote in a note ahead of GM&#39;s first-quarter release scheduled for Tuesday.</p><p>As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. One factor Evercore cited: Ford&#39;s significant exposure to soaring prices for the aluminum used to build its best-selling F-150 pickup and other vehicles.</p><p>In early March, Ford&#39;s chief financial officer, John Lawler, reaffirmed the company&#39;s forecast that it could generate $11.5 billion to $12.5 billion in pretax profit for 2022. The Dearborn, Michigan, automaker and its chief executive, Jim Farley, have laid out an ambitious agenda, including dividing Ford&#39;s automotive operations into separate electric and internal combustion technology units.</p><p>GM and Ford both must manage the costs of launching new electric vehicles. At GM, the company is ramping up production of its Cadillac Lyriq crossovers and GMC Hummer trucks. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday.</p><p>Supply-chain disruptions are slowing vehicle production for both companies. During 2021, higher prices offset much of the financial hit from lost sales volume. But rising interest costs will make it harder for consumers to keep paying more.</p><p>GM&#39;s deliveries in China, its largest market, fell 21% during the first quarter. In the United States, GM&#39;s sales for the first quarter fell by 20%. Ford&#39;s U.S. sales fell by 17% in the first quarter compared with a year ago.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4574":"无人驾驶","GM":"通用汽车","BK4559":"巴菲特持仓","BK4561":"索罗斯持仓","BK4555":"新能源车","F":"福特汽车","BK4566":"资本集团","BK4099":"汽车制造商"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230143849","content_text":"DETROIT, April 25 (Reuters) - General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January.The far-reaching economic impact of the war in Ukraine, grinding supply-chain disruptions, inflation and rising U.S. interest rates all pose a threat to forecasts made by the two Detroit automakers in January.Shares of both companies are down sharply since January. Downbeat results last week from used car sellers Carvana Co and Carmax Inc spooked investors concerned about inflation's impact on U.S. consumer spending.GM projected in January it could improve wholesale deliveries by 25% to 30% over 2021, and predicted commodity and logistics costs would rise by $2.5 billion. The company said it expected to earn $13 billion to $15 billion in pretax profit.\"We are not quite clear on whether there will be a small potential cut to top end of the '22 guide,\" Evercore ISI wrote in a note ahead of GM's first-quarter release scheduled for Tuesday.As for Ford, which reports results on Wednesday, Evercore said it expects a cut to the 2022 outlook. One factor Evercore cited: Ford's significant exposure to soaring prices for the aluminum used to build its best-selling F-150 pickup and other vehicles.In early March, Ford's chief financial officer, John Lawler, reaffirmed the company's forecast that it could generate $11.5 billion to $12.5 billion in pretax profit for 2022. The Dearborn, Michigan, automaker and its chief executive, Jim Farley, have laid out an ambitious agenda, including dividing Ford's automotive operations into separate electric and internal combustion technology units.GM and Ford both must manage the costs of launching new electric vehicles. At GM, the company is ramping up production of its Cadillac Lyriq crossovers and GMC Hummer trucks. Ford will officially launch regular production of its electric F-150 Lightning pickup on Tuesday.Supply-chain disruptions are slowing vehicle production for both companies. During 2021, higher prices offset much of the financial hit from lost sales volume. But rising interest costs will make it harder for consumers to keep paying more.GM's deliveries in China, its largest market, fell 21% during the first quarter. In the United States, GM's sales for the first quarter fell by 20%. Ford's U.S. sales fell by 17% in the first quarter compared with a year ago.","news_type":1},"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9036172172,"gmtCreate":1647036211821,"gmtModify":1676534188854,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Tough times&nbsp;[Sad]&nbsp;","listText":"Tough times&nbsp;[Sad]&nbsp;","text":"Tough times [Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9036172172","repostId":"1101658670","repostType":4,"repost":{"id":"1101658670","pubTimestamp":1647011670,"share":"https://ttm.financial/m/news/1101658670?lang=&edition=fundamental","pubTime":"2022-03-11 23:14","market":"us","language":"en","title":"Is the Stock Market Correction Over?","url":"https://stock-news.laohu8.com/highlight/detail?id=1101658670","media":"YahooFinance","summary":"History shows we could be nearing the end of thestock market's 2022 correction.\"The current correction in stocks is overdue: we have not had a 10%+ S&P 500 correction since the quick bear market of Ma","content":"<html><head></head><body><p>History shows we could be nearing the end of the stock market&#39;s 2022 correction.</p><p>&#34;The current correction in stocks is overdue: we have not had a 10%+ S&amp;P 500 correction since the quick bear market of March 2020. 10%+ corrections have occurred once per year on average since 1930, and have lasted on average 54 trading days before lifting more than 10% from the trough (since January 3, the market has dropped 13% as of Wednesday&#39;s low and Thursday is the 45th trading day),&#34; pointed out Bank of America strategist Savita Subramanian in a new note.</p><p>Despite the compelling history lesson (which suggests we are nine sessions away from a short-term market bottom), there is still a lot coming at investors that could easily take stocks into a bear market.</p><p>Brent crude oil prices traded around $112 a barrel Thursday as traders continued to digest the Biden administration&#39;s ban of imports of Russian oil, liquefied natural gas and coal in response to the country&#39;s war on Ukraine.</p><p>Prices are off their highs of nearly $139 a barrel on optimism U.S. oil majors such as Exxon and Chevron will produce more to make up for any lost Russian output.</p><p>Oil prices have surged roughly 25% since Ukrainian war.</p><p>Prices at U.S. gas pumps have skyrocketed above $4 a gallon on average,notes AAA. Prices have climbed north of $5 a gallon in California.</p><p>&#34;It is not unfathomable for prices to rocket to $200 a barrel by summer, spur a recession and end the year closer to $50 a barrel ($200 call options have been bid),&#34;said RBC Capital Markets analyst Michael Tran on Yahoo Finance Live.</p><p>Meanwhile, large Western companies from McDonald&#39;s to American Express have suspended operations in Russia due to its war. The financial impacts of these companies taking action against Russia — and their global ramifications — could weigh on corporate earnings in the quarters ahead.</p><p>All of these factors combined have Wall Street pros such as Tran worried about a potential U.S. recession this year.</p><p>Whether one happens is unclear, but it&#39;s something the market will have to likely begin factoring in.</p><p>&#34;I have seen a few recessions over my career and they aren&#39;t fun,&#34; XPO Logistics CEO Brad Jacobs said on Yahoo Finance Live. &#34;I don&#39;t know that we are close to a recession. Right now the consumer is very, very strong and the industrial economy is in its early beginnings of growth. We do have to watch the effect of the European war and how that affects the world economy. We do have to look at how oil prices affect the world. And we do have to see how the Fed lands the plane in terms of raising interest rates in a careful way. But we are not close to a recession, absent some big geopolitical jolt. There is too much strength in the economy right now.&#34;</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 Stock Market Correction Over?</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 Stock Market Correction Over?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-11 23:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/is-the-stock-market-correction-over-172801640.html><strong>YahooFinance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>History shows we could be nearing the end of the stock market's 2022 correction.\"The current correction in stocks is overdue: we have not had a 10%+ S&P 500 correction since the quick bear market of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/is-the-stock-market-correction-over-172801640.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",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/is-the-stock-market-correction-over-172801640.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101658670","content_text":"History shows we could be nearing the end of the stock market's 2022 correction.\"The current correction in stocks is overdue: we have not had a 10%+ S&P 500 correction since the quick bear market of March 2020. 10%+ corrections have occurred once per year on average since 1930, and have lasted on average 54 trading days before lifting more than 10% from the trough (since January 3, the market has dropped 13% as of Wednesday's low and Thursday is the 45th trading day),\" pointed out Bank of America strategist Savita Subramanian in a new note.Despite the compelling history lesson (which suggests we are nine sessions away from a short-term market bottom), there is still a lot coming at investors that could easily take stocks into a bear market.Brent crude oil prices traded around $112 a barrel Thursday as traders continued to digest the Biden administration's ban of imports of Russian oil, liquefied natural gas and coal in response to the country's war on Ukraine.Prices are off their highs of nearly $139 a barrel on optimism U.S. oil majors such as Exxon and Chevron will produce more to make up for any lost Russian output.Oil prices have surged roughly 25% since Ukrainian war.Prices at U.S. gas pumps have skyrocketed above $4 a gallon on average,notes AAA. Prices have climbed north of $5 a gallon in California.\"It is not unfathomable for prices to rocket to $200 a barrel by summer, spur a recession and end the year closer to $50 a barrel ($200 call options have been bid),\"said RBC Capital Markets analyst Michael Tran on Yahoo Finance Live.Meanwhile, large Western companies from McDonald's to American Express have suspended operations in Russia due to its war. The financial impacts of these companies taking action against Russia — and their global ramifications — could weigh on corporate earnings in the quarters ahead.All of these factors combined have Wall Street pros such as Tran worried about a potential U.S. recession this year.Whether one happens is unclear, but it's something the market will have to likely begin factoring in.\"I have seen a few recessions over my career and they aren't fun,\" XPO Logistics CEO Brad Jacobs said on Yahoo Finance Live. \"I don't know that we are close to a recession. Right now the consumer is very, very strong and the industrial economy is in its early beginnings of growth. We do have to watch the effect of the European war and how that affects the world economy. We do have to look at how oil prices affect the world. And we do have to see how the Fed lands the plane in terms of raising interest rates in a careful way. But we are not close to a recession, absent some big geopolitical jolt. There is too much strength in the economy right now.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031685084,"gmtCreate":1646542329386,"gmtModify":1676534138330,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031685084","repostId":"2217746440","repostType":4,"repost":{"id":"2217746440","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":1646435363,"share":"https://ttm.financial/m/news/2217746440?lang=&edition=fundamental","pubTime":"2022-03-05 07:09","market":"us","language":"en","title":"US STOCKS-Wall Street Ends down as Ukraine Fears Eclipse Solid Jobs Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2217746440","media":"Reuters","summary":"Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.Most of the 11 major S&P sector indexes decl","content":"<html><head></head><body><p>Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.</p><p>Most of the 11 major S&amp;P sector indexes declined, with financials leading the way with a 2% drop as investors worried about how the West&#39;s sanctions against Moscow may affect the international financial system.</p><p>The S&amp;P 500 banks index fell 3.35%, bringing its loss for the week to nearly 9%, its worst weekly decline since June 2020.</p><p>Equities globally were weaker, with safe-haven assets in demand after Russian forces seized Europe&#39;s biggest nuclear power plant in what Washington called a reckless assault that risked catastrophe.</p><p>The Labor Department&#39;s closely watched employment report showed jobs grew by a more than expected 678,000 last month and that the unemployment rate fell to 3.8%, the lowest since February 2020.</p><p>&#34;Three or four weeks ago, we would have thought that this is an incredibly important number. But given the backdrop and the overall events that are happening in Europe, it&#39;s just not,&#34; said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte.</p><p>&#34;The potential for escalation in the hot war, the potential for a growth impact in Europe and more broadly, and knock-on effects on the commodity channel and inflation are taking up all of investors&#39; time and energy,&#34; Hill said.</p><p>Amazon.com Inc , Apple Inc, Google owner-Alphabet Inc and Microsoft Corp all lost more than 1%.</p><p>The crisis in Ukraine boosted energy stocks as crude prices and other commodities rallied on the back of sanctions against Russia, a major oil producer. The S&amp;P 500 energy sector jumped 2.85% and gained about 9% for the week.</p><p>Richly valued growth stocks have faced the brunt of the recent selloff, with the S&amp;P 500 growth index    down 1.3% on Friday. The value index    declined 0.3%.</p><p>The Dow Jones Industrial Average fell 0.53% to end at 33,614.8 points, while the S&amp;P 500    lost 0.79% to 4,328.87.</p><p>The Nasdaq Composite dropped 1.66% to 13,313.44.</p><p>For the week, the S&amp;P 500 and Dow both fell 1.3%, while the Nasdaq gave up 2.8%.</p><p>Federal Reserve Chair Jerome Powell said this week he would support a 25-basis-point interest rate increase at the central bank&#39;s March 15-16 policy meeting and would be &#34;prepared to move more aggressively&#34; later if inflation does not abate as fast as expected.</p><p>Soaring commodity prices have raised fears of even greater inflation, which could prompt the Fed to hike interest rates more aggressively.</p><p>Shares of WW International, formerly Weight Watchers, dropped over 8% after the Federal Trade Commission said the company &#34;illegally&#34; collected personal information from children without parental permission.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 38 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 44 new highs and 406 new lows.</p><p>Volume on U.S. exchanges was 13.9 billion shares, compared to a 20-day average of 12.6 billion, according to Refinitiv data.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends down as Ukraine Fears Eclipse Solid Jobs Data</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\">\nUS STOCKS-Wall Street Ends down as Ukraine Fears Eclipse Solid Jobs Data\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\">2022-03-05 07:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.</p><p>Most of the 11 major S&amp;P sector indexes declined, with financials leading the way with a 2% drop as investors worried about how the West&#39;s sanctions against Moscow may affect the international financial system.</p><p>The S&amp;P 500 banks index fell 3.35%, bringing its loss for the week to nearly 9%, its worst weekly decline since June 2020.</p><p>Equities globally were weaker, with safe-haven assets in demand after Russian forces seized Europe&#39;s biggest nuclear power plant in what Washington called a reckless assault that risked catastrophe.</p><p>The Labor Department&#39;s closely watched employment report showed jobs grew by a more than expected 678,000 last month and that the unemployment rate fell to 3.8%, the lowest since February 2020.</p><p>&#34;Three or four weeks ago, we would have thought that this is an incredibly important number. But given the backdrop and the overall events that are happening in Europe, it&#39;s just not,&#34; said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte.</p><p>&#34;The potential for escalation in the hot war, the potential for a growth impact in Europe and more broadly, and knock-on effects on the commodity channel and inflation are taking up all of investors&#39; time and energy,&#34; Hill said.</p><p>Amazon.com Inc , Apple Inc, Google owner-Alphabet Inc and Microsoft Corp all lost more than 1%.</p><p>The crisis in Ukraine boosted energy stocks as crude prices and other commodities rallied on the back of sanctions against Russia, a major oil producer. The S&amp;P 500 energy sector jumped 2.85% and gained about 9% for the week.</p><p>Richly valued growth stocks have faced the brunt of the recent selloff, with the S&amp;P 500 growth index    down 1.3% on Friday. The value index    declined 0.3%.</p><p>The Dow Jones Industrial Average fell 0.53% to end at 33,614.8 points, while the S&amp;P 500    lost 0.79% to 4,328.87.</p><p>The Nasdaq Composite dropped 1.66% to 13,313.44.</p><p>For the week, the S&amp;P 500 and Dow both fell 1.3%, while the Nasdaq gave up 2.8%.</p><p>Federal Reserve Chair Jerome Powell said this week he would support a 25-basis-point interest rate increase at the central bank&#39;s March 15-16 policy meeting and would be &#34;prepared to move more aggressively&#34; later if inflation does not abate as fast as expected.</p><p>Soaring commodity prices have raised fears of even greater inflation, which could prompt the Fed to hike interest rates more aggressively.</p><p>Shares of WW International, formerly Weight Watchers, dropped over 8% after the Federal Trade Commission said the company &#34;illegally&#34; collected personal information from children without parental permission.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 38 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 44 new highs and 406 new lows.</p><p>Volume on U.S. exchanges was 13.9 billion shares, compared to a 20-day average of 12.6 billion, according to Refinitiv data.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDOW":"道指三倍做空ETF-ProShares","BK4503":"景林资产持仓","BK4559":"巴菲特持仓","BK4574":"无人驾驶","BK4527":"明星科技股","BK4538":"云计算","UPRO":"三倍做多标普500ETF","QQQ":"纳指100ETF","BK4573":"虚拟现实","BK4561":"索罗斯持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","DXD":"道指两倍做空ETF","IVV":"标普500指数ETF",".IXIC":"NASDAQ Composite","BK4514":"搜索引擎","OEX":"标普100",".SPX":"S&P 500 Index","SANA":"Sana Biotechnology, Inc.","CGEM":"Cullinan Therapeutics","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","QID":"纳指两倍做空ETF","DDM":"道指两倍做多ETF","BK4554":"元宇宙及AR概念","OEF":"标普100指数ETF-iShares","BK4532":"文艺复兴科技持仓","SPXU":"三倍做空标普500ETF","BK4553":"喜马拉雅资本持仓","SQQQ":"纳指三倍做空ETF","BK4534":"瑞士信贷持仓","DOG":"道指反向ETF","BK4139":"生物科技","DJX":"1/100道琼斯","BK4576":"AR","GOOGL":"谷歌A","BK4007":"制药","SPY":"标普500ETF","BK4566":"资本集团","BK4525":"远程办公概念","BK4196":"保健护理服务","QLD":"纳指两倍做多ETF","BK4082":"医疗保健设备","TQQQ":"纳指三倍做多ETF","LABP":"Landos Biopharma, Inc.","BK4077":"互动媒体与服务","BK4579":"人工智能"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2217746440","content_text":"Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.Most of the 11 major S&P sector indexes declined, with financials leading the way with a 2% drop as investors worried about how the West's sanctions against Moscow may affect the international financial system.The S&P 500 banks index fell 3.35%, bringing its loss for the week to nearly 9%, its worst weekly decline since June 2020.Equities globally were weaker, with safe-haven assets in demand after Russian forces seized Europe's biggest nuclear power plant in what Washington called a reckless assault that risked catastrophe.The Labor Department's closely watched employment report showed jobs grew by a more than expected 678,000 last month and that the unemployment rate fell to 3.8%, the lowest since February 2020.\"Three or four weeks ago, we would have thought that this is an incredibly important number. But given the backdrop and the overall events that are happening in Europe, it's just not,\" said Zachary Hill, head of portfolio management at Horizon Investments in Charlotte.\"The potential for escalation in the hot war, the potential for a growth impact in Europe and more broadly, and knock-on effects on the commodity channel and inflation are taking up all of investors' time and energy,\" Hill said.Amazon.com Inc , Apple Inc, Google owner-Alphabet Inc and Microsoft Corp all lost more than 1%.The crisis in Ukraine boosted energy stocks as crude prices and other commodities rallied on the back of sanctions against Russia, a major oil producer. The S&P 500 energy sector jumped 2.85% and gained about 9% for the week.Richly valued growth stocks have faced the brunt of the recent selloff, with the S&P 500 growth index    down 1.3% on Friday. The value index    declined 0.3%.The Dow Jones Industrial Average fell 0.53% to end at 33,614.8 points, while the S&P 500    lost 0.79% to 4,328.87.The Nasdaq Composite dropped 1.66% to 13,313.44.For the week, the S&P 500 and Dow both fell 1.3%, while the Nasdaq gave up 2.8%.Federal Reserve Chair Jerome Powell said this week he would support a 25-basis-point interest rate increase at the central bank's March 15-16 policy meeting and would be \"prepared to move more aggressively\" later if inflation does not abate as fast as expected.Soaring commodity prices have raised fears of even greater inflation, which could prompt the Fed to hike interest rates more aggressively.Shares of WW International, formerly Weight Watchers, dropped over 8% after the Federal Trade Commission said the company \"illegally\" collected personal information from children without parental permission.Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.The S&P 500 posted 38 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 44 new highs and 406 new lows.Volume on U.S. exchanges was 13.9 billion shares, compared to a 20-day average of 12.6 billion, according to Refinitiv data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9082391477,"gmtCreate":1650518049280,"gmtModify":1676534743500,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082391477","repostId":"2229668973","repostType":4,"repost":{"id":"2229668973","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":1650496627,"share":"https://ttm.financial/m/news/2229668973?lang=&edition=fundamental","pubTime":"2022-04-21 07:17","market":"us","language":"en","title":"US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2229668973","media":"Reuters","summary":"* Procter & Gamble up on raising FY sales forecast* IBM gains on upbeat forecast, Q1 results beat* N","content":"<html><head></head><body><p>* Procter &amp; Gamble up on raising FY sales forecast</p><p>* <a href=\"https://laohu8.com/S/IBM\">IBM</a> gains on upbeat forecast, Q1 results beat</p><p>* Netflix slumps after Q1 subscriber loss</p><p>* Indexes: Dow up 0.71%, S&amp;P slips 0.06%, Nasdaq off 1.22%</p><p>The tech-heavy Nasdaq dropped on Wednesday as Netflix&#39;s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.</p><p>By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter &amp; Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.</p><p>Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.</p><p>The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.</p><p>Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.</p><p>Suffering financials included <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc and <a href=\"https://laohu8.com/S/SQ\">Block</a> Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.</p><p>&#34;Once profits move so far, it becomes harder to get that next little bit of growth, and it&#39;s harder to obtain it in the late cycle,&#34; said Jason Pride, chief investment officer of private wealth at Glenmede.</p><p>&#34;I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.&#34;</p><p>Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&amp;P 500 is down 6.4%.</p><p>Overall, the earnings season has started on a strong note. Of the 60 companies in the S&amp;P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.</p><p>The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&amp;P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.</p><p>The communication services sector declined 4.1%, although eight of the 11 major S&amp;P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.</p><p>Meanwhile, the latest data points on the Federal Reserve&#39;s monetary policy tightening plans were released in the afternoon.</p><p>Its &#34;Beige Book&#34; showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is &#34;complete&#34;.</p><p>The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.</p><p>Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.</p><p>Investors had been concerned about the electric automaker&#39;s ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city&#39;s COVID-19 lockdown.</p><p>United Airlines Holdings Inc gained 1.2%, helping the S&amp;P 1500 Airlines index to a sixth advance in the past seven sessions. United&#39;s shares dipped marginally after it reported earnings after the closing bell.</p><p>The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.</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>US STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech</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\">\nUS STOCKS-Nasdaq Drops as Netflix Subscriber Numbers Weigh on Tech\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\">2022-04-21 07:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Procter &amp; Gamble up on raising FY sales forecast</p><p>* <a href=\"https://laohu8.com/S/IBM\">IBM</a> gains on upbeat forecast, Q1 results beat</p><p>* Netflix slumps after Q1 subscriber loss</p><p>* Indexes: Dow up 0.71%, S&amp;P slips 0.06%, Nasdaq off 1.22%</p><p>The tech-heavy Nasdaq dropped on Wednesday as Netflix&#39;s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.</p><p>By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter &amp; Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.</p><p>Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.</p><p>The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.</p><p>Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.</p><p>Suffering financials included <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc and <a href=\"https://laohu8.com/S/SQ\">Block</a> Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.</p><p>&#34;Once profits move so far, it becomes harder to get that next little bit of growth, and it&#39;s harder to obtain it in the late cycle,&#34; said Jason Pride, chief investment officer of private wealth at Glenmede.</p><p>&#34;I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.&#34;</p><p>Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&amp;P 500 is down 6.4%.</p><p>Overall, the earnings season has started on a strong note. Of the 60 companies in the S&amp;P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.</p><p>The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&amp;P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.</p><p>The communication services sector declined 4.1%, although eight of the 11 major S&amp;P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.</p><p>Meanwhile, the latest data points on the Federal Reserve&#39;s monetary policy tightening plans were released in the afternoon.</p><p>Its &#34;Beige Book&#34; showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is &#34;complete&#34;.</p><p>The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.</p><p>Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.</p><p>Investors had been concerned about the electric automaker&#39;s ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city&#39;s COVID-19 lockdown.</p><p>United Airlines Holdings Inc gained 1.2%, helping the S&amp;P 1500 Airlines index to a sixth advance in the past seven sessions. United&#39;s shares dipped marginally after it reported earnings after the closing bell.</p><p>The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4581":"高盛持仓","BK4566":"资本集团","QNETCN":"纳斯达克中美互联网老虎指数","BK4532":"文艺复兴科技持仓","NFLX":"奈飞","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4524":"宅经济概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229668973","content_text":"* Procter & Gamble up on raising FY sales forecast* IBM gains on upbeat forecast, Q1 results beat* Netflix slumps after Q1 subscriber loss* Indexes: Dow up 0.71%, S&P slips 0.06%, Nasdaq off 1.22%The tech-heavy Nasdaq dropped on Wednesday as Netflix's surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter & Gamble and IT firm IBM Corp. The duo rose 2.7 and 7.1% respectively.Netflix Inc plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead.The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.Streaming peers Walt Disney, Roku and Warner Bros Discovery  all dropped more than 5.5%, while stay-at-home darlings Zoom Video Communications, Doordash and Peloton Interactive saw their shares fall between 6% and 11.3%.Suffering financials included PayPal Holdings Inc and Block Inc, which both fell more than 8.5%. Marqeta Inc and SoFi Technologies Inc declined 5.6% and 6.2% respectively.\"Once profits move so far, it becomes harder to get that next little bit of growth, and it's harder to obtain it in the late cycle,\" said Jason Pride, chief investment officer of private wealth at Glenmede.\"I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.\"Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&P 500 is down 6.4%.Overall, the earnings season has started on a strong note. Of the 60 companies in the S&P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.The Dow Jones Industrial Average    rose 249.59 points, or 0.71%, to 35,160.79, the S&P 500    lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.The communication services sector declined 4.1%, although eight of the 11 major S&P 500 sectors gained, led by the real estate index which posted its best finish since Jan. 4. The consumer staples benchmark was just behind it, climbing to a second-straight record close.Meanwhile, the latest data points on the Federal Reserve's monetary policy tightening plans were released in the afternoon.Its \"Beige Book\" showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is \"complete\".The yield on 10-year Treasury note  receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.Tesla Inc fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close.Investors had been concerned about the electric automaker's ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city's COVID-19 lockdown.United Airlines Holdings Inc gained 1.2%, helping the S&P 1500 Airlines index to a sixth advance in the past seven sessions. United's shares dipped marginally after it reported earnings after the closing bell.The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.The S&P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004200766,"gmtCreate":1642602077520,"gmtModify":1676533726331,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004200766","repostId":"1183071769","repostType":4,"repost":{"id":"1183071769","pubTimestamp":1642600667,"share":"https://ttm.financial/m/news/1183071769?lang=&edition=fundamental","pubTime":"2022-01-19 21:57","market":"us","language":"en","title":"Pfizer's COVID-19 Oral Antiviral Shows In-Vitro Efficacy Against Omicron Variant","url":"https://stock-news.laohu8.com/highlight/detail?id=1183071769","media":"Benzinga","summary":"Pfizer Incyesterday shared results from multiple studies demonstrating the in-vitro efficacy of nirm","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/PFE\">Pfizer Inc</a>yesterday shared results from multiple studies demonstrating the in-vitro efficacy of nirmatrelvir, the active main protease (Mpro) inhibitor of Paxlovid, is maintained against the omicron variant.</p><p>These in-vitro studies suggest that Paxlovid has the potential to maintain plasma concentrations many-fold times higher than the amount required to prevent Omicron from replicating in cells.</p><p>In one lab study, Pfizer researchers tested nirmatrelvir against protease, an enzyme needed for the virus to generate copies of itself. Nirmatrelvir blocked the protease target in Omicron to the same degree it blocked the enzyme in the original strain, Pfizer said.</p><p>In a second lab study, the resulting antiviral activity against Omicron was in line with activity Pfizer observed in several other variants of concern, including Beta and Delta.</p><p>The third study, performed by researchers at the Icahn School of Medicine at Mount Sinai with Pfizer, measured nirmatrelvir&#39;s efficacy against Omicron and other strains and found approximately similar drug concentration was needed to block infection.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer's COVID-19 Oral Antiviral Shows In-Vitro Efficacy Against Omicron Variant</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\">\nPfizer's COVID-19 Oral Antiviral Shows In-Vitro Efficacy Against Omicron Variant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-19 21:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/general/biotech/22/01/25105686/pfizers-covid-19-oral-antiviral-shows-in-vitro-efficacy-against-omicron-variant><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pfizer Incyesterday shared results from multiple studies demonstrating the in-vitro efficacy of nirmatrelvir, the active main protease (Mpro) inhibitor of Paxlovid, is maintained against the omicron ...</p>\n\n<a href=\"https://www.benzinga.com/general/biotech/22/01/25105686/pfizers-covid-19-oral-antiviral-shows-in-vitro-efficacy-against-omicron-variant\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://www.benzinga.com/general/biotech/22/01/25105686/pfizers-covid-19-oral-antiviral-shows-in-vitro-efficacy-against-omicron-variant","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183071769","content_text":"Pfizer Incyesterday shared results from multiple studies demonstrating the in-vitro efficacy of nirmatrelvir, the active main protease (Mpro) inhibitor of Paxlovid, is maintained against the omicron variant.These in-vitro studies suggest that Paxlovid has the potential to maintain plasma concentrations many-fold times higher than the amount required to prevent Omicron from replicating in cells.In one lab study, Pfizer researchers tested nirmatrelvir against protease, an enzyme needed for the virus to generate copies of itself. Nirmatrelvir blocked the protease target in Omicron to the same degree it blocked the enzyme in the original strain, Pfizer said.In a second lab study, the resulting antiviral activity against Omicron was in line with activity Pfizer observed in several other variants of concern, including Beta and Delta.The third study, performed by researchers at the Icahn School of Medicine at Mount Sinai with Pfizer, measured nirmatrelvir's efficacy against Omicron and other strains and found approximately similar drug concentration was needed to block infection.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006434705,"gmtCreate":1641815526790,"gmtModify":1676533650083,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006434705","repostId":"1177405423","repostType":4,"repost":{"id":"1177405423","pubTimestamp":1641813995,"share":"https://ttm.financial/m/news/1177405423?lang=&edition=fundamental","pubTime":"2022-01-10 19:26","market":"us","language":"en","title":"Big U.S. Banks Expected to Post Uptick in Core Q4 Revenues on Economic Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=1177405423","media":"Reuters","summary":"NEW YORK (Reuters) - Analysts expect big U.S. banks to show an uptick in fourth quarter core revenue","content":"<html><head></head><body><p>NEW YORK (Reuters) - Analysts expect big U.S. banks to show an uptick in fourth quarter core revenues thanks to new lending and firming Treasury yields even while headline earnings will be mixed on differences in how each institution accounted for pandemic loan losses.</p><p>On Friday, JPMorgan Chase &amp; Co and $Citigroup Inc(C-N)$ are expected to post roughly 20% and 30% declines, respectively, in profits compared with the year-earlier quarter, while $Bank of America Corp(BAC-N)$&#39;s profits will be up 20% when it reports on Jan. 19, according to analyst estimates compiled by Refinitiv as of Friday.</p><p>Wells Fargo &amp; Co, which also reports on Friday, is expected to show a 67% jump in profits.</p><p>That mixed performance will be largely due to the different pace at which banks started reversing accounting charges for pandemic-related loan losses which have not materialized. Other complicating factors are restructuring costs and asset sales at Citigroup and Wells Fargo.</p><p>Goldman Sachs Group Inc and <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, meanwhile, are expected to report fourth-quarter profit declines of about 7% and 2%, respectively, as revenue from fixed-income trading income dipped from exceptional levels.</p><p>Broadly speaking, however, the picture is likely to be positive and analysts anticipate that bank executives will sound an optimistic note on the outlook for core earnings.</p><p>Operating profits are expected to rise as the continued economic recovery boosted loan growth and as yields from banks&#39; Treasury securities edged up, or at least held steady, during the quarter.</p><p>&#34;If investors look under the hood, there is much good to be seen,&#34; Odeon Capital Group analyst Dick Bove wrote in note on Thursday.</p><p>Overall, core profits for big banks will be up about 6% on average after stripping out loan loss provisions, taxes and unusual items, Goldman Sachs analyst Richard Ramsden estimated.</p><p>More consumers and businesses returned to their banks for credit during the fourth quarter after being propped up last year by government stimulus programs, analysts said.</p><p>Core loan balances at banks increased about 4% in the fourth quarter, the fastest growth in nearly two years, according to estimates by Deutsche Bank analyst Matt O&#39;Connor, based on Fed data through Dec. 22. That strength came from both consumer credit card and business lending, he wrote in a note.</p><p>The quarter also offered a taste of the higher net interest income that could come as Treasury yields rise in 2022, according to Gerard Cassidy of RBC Capital Markets.</p><p>The difference in average daily yields between shorter- and longer-term government securities, known as the yield curve, increased slightly during the quarter.</p><p>Betting on these positive trends, investors pushed the KBW Bank Index up 35% in 2021, easily beating the S&amp;P 500&#39;s 27% gain.</p><p>&#34;A late pick-up in loan growth in 4Q, coupled with a recent rise in interest rates bode well for bank (guidance) on net interest income in 1Q22 and for the full year,&#34; wrote O&#39;Connor.</p><p>With the economic outlook uncertain due to inflation and the Omicron COVID-19 variant, however, some investors are cautious on buying more bank stocks.</p><p>Doubts are growing about the Fed&#39;s ability to maintain the economic recovery on which lending growth relies after the central bank last week released minutes from its latest policy meeting that showed officials might raise interest rates sooner than expected to slow inflation.</p><p>Jason Ware, chief investment officer for Albion Financial Group, said he is evaluating whether to buy more bank stocks but is hesitant, partly due to caution about whether higher yields are sustainable.</p><p>He&#39;s mindful, too, he added, of history suggesting that &#34;bank stocks do better going into rate hikes than they do during rate hikes.&#34;</p></body></html>","source":"lsy1612507957220","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>Big U.S. Banks Expected to Post Uptick in Core Q4 Revenues on Economic Rebound</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\">\nBig U.S. Banks Expected to Post Uptick in Core Q4 Revenues on Economic Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-10 19:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/big-u-banks-expected-post-111104860.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Analysts expect big U.S. banks to show an uptick in fourth quarter core revenues thanks to new lending and firming Treasury yields even while headline earnings will be mixed on ...</p>\n\n<a href=\"https://finance.yahoo.com/news/big-u-banks-expected-post-111104860.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","BAC":"美国银行","C":"花旗","MS":"摩根士丹利","WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/big-u-banks-expected-post-111104860.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177405423","content_text":"NEW YORK (Reuters) - Analysts expect big U.S. banks to show an uptick in fourth quarter core revenues thanks to new lending and firming Treasury yields even while headline earnings will be mixed on differences in how each institution accounted for pandemic loan losses.On Friday, JPMorgan Chase & Co and $Citigroup Inc(C-N)$ are expected to post roughly 20% and 30% declines, respectively, in profits compared with the year-earlier quarter, while $Bank of America Corp(BAC-N)$'s profits will be up 20% when it reports on Jan. 19, according to analyst estimates compiled by Refinitiv as of Friday.Wells Fargo & Co, which also reports on Friday, is expected to show a 67% jump in profits.That mixed performance will be largely due to the different pace at which banks started reversing accounting charges for pandemic-related loan losses which have not materialized. Other complicating factors are restructuring costs and asset sales at Citigroup and Wells Fargo.Goldman Sachs Group Inc and Morgan Stanley, meanwhile, are expected to report fourth-quarter profit declines of about 7% and 2%, respectively, as revenue from fixed-income trading income dipped from exceptional levels.Broadly speaking, however, the picture is likely to be positive and analysts anticipate that bank executives will sound an optimistic note on the outlook for core earnings.Operating profits are expected to rise as the continued economic recovery boosted loan growth and as yields from banks' Treasury securities edged up, or at least held steady, during the quarter.\"If investors look under the hood, there is much good to be seen,\" Odeon Capital Group analyst Dick Bove wrote in note on Thursday.Overall, core profits for big banks will be up about 6% on average after stripping out loan loss provisions, taxes and unusual items, Goldman Sachs analyst Richard Ramsden estimated.More consumers and businesses returned to their banks for credit during the fourth quarter after being propped up last year by government stimulus programs, analysts said.Core loan balances at banks increased about 4% in the fourth quarter, the fastest growth in nearly two years, according to estimates by Deutsche Bank analyst Matt O'Connor, based on Fed data through Dec. 22. That strength came from both consumer credit card and business lending, he wrote in a note.The quarter also offered a taste of the higher net interest income that could come as Treasury yields rise in 2022, according to Gerard Cassidy of RBC Capital Markets.The difference in average daily yields between shorter- and longer-term government securities, known as the yield curve, increased slightly during the quarter.Betting on these positive trends, investors pushed the KBW Bank Index up 35% in 2021, easily beating the S&P 500's 27% gain.\"A late pick-up in loan growth in 4Q, coupled with a recent rise in interest rates bode well for bank (guidance) on net interest income in 1Q22 and for the full year,\" wrote O'Connor.With the economic outlook uncertain due to inflation and the Omicron COVID-19 variant, however, some investors are cautious on buying more bank stocks.Doubts are growing about the Fed's ability to maintain the economic recovery on which lending growth relies after the central bank last week released minutes from its latest policy meeting that showed officials might raise interest rates sooner than expected to slow inflation.Jason Ware, chief investment officer for Albion Financial Group, said he is evaluating whether to buy more bank stocks but is hesitant, partly due to caution about whether higher yields are sustainable.He's mindful, too, he added, of history suggesting that \"bank stocks do better going into rate hikes than they do during rate hikes.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161158140,"gmtCreate":1623913063480,"gmtModify":1703823352817,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/161158140","repostId":"2143379379","repostType":4,"repost":{"id":"2143379379","pubTimestamp":1623893744,"share":"https://ttm.financial/m/news/2143379379?lang=&edition=fundamental","pubTime":"2021-06-17 09:35","market":"us","language":"en","title":"These 10 Stocks Make Up 85% of Warren Buffett's Portfolio","url":"https://stock-news.laohu8.com/highlight/detail?id=2143379379","media":"Motley Fool","summary":"Diversification isn't necessary if you know what you're doing, according to the Oracle of Omaha.","content":"<p>If you've ever wondered why <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B) CEO Warren Buffett's name gets brought up so much on Wall Street, it's because of his impressive investing track record. Buffett isn't infallible, but he's delivered an annual average return of 20% since the mid-1960s for his shareholders. In aggregate, we're talking about a return of more than 2,800,000%!</p>\n<p>What's even more amazing is that Buffett hasn't done anything the average investors couldn't do to net these huge gains. He focuses on a few sectors and industries that interest him, buys companies with clear-cut competitive advantages, and most importantly hangs onto those stakes for a very long time.</p>\n<p>Another source of Buffett's success is concentration. The Oracle of Omaha doesn't believe diversification is necessary if you know what you're doing. This is readily apparent in Berkshire Hathaway's $302.6 billion investment portfolio. As of this past weekend, 85% of Berkshire's invested assets ($257.3 billion) were tied up in only 10 stocks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/601f21f3cc2f9e5524bd5d613063faa2\" tg-width=\"700\" tg-height=\"466\"><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p>\n<h2>1. Apple: $115.6 billion</h2>\n<p>Tech kingpin <b>Apple</b> (NASDAQ:AAPL) makes up about 38% of Warren Buffett's portfolio by itself and has been dubbed \"Berkshire's third business\" by the Oracle of Omaha. Apple offers some of the strongest branding in the world, is the clear leader in smartphones in the U.S., and has been pivoting to higher-margin services under the leadership of CEO Tim Cook. Though iPhone sales remain Apple's top product, services becoming a larger percentage of total sales will help remove the revenue lumpiness associated with new product launches.</p>\n<h2>2. Bank of America: $43.2 billion</h2>\n<p>Bank stocks have long been Buffett's favorite place to put Berkshire's money work. <b>Bank of America</b> (NYSE:BAC) is Berkshire's unquestioned largest bank holding, with more than 14% of invested assets. Bank of America has done an excellent job of controlling its noninterest expenses by consolidating branches and emphasizing digital banking. It's also in line to benefit more than any other money-center bank from an eventual rise in interest rates.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed3e6a16841306014bf0cfc3b1697b23\" tg-width=\"700\" tg-height=\"466\"><span>Image source: American <a href=\"https://laohu8.com/S/EXPR\">Express</a>.</span></p>\n<h2>3. American Express: $24.9 billion</h2>\n<p>Payment processor and lender <b>American Express</b> (NYSE:AXP) is Buffett's third-largest and third-longest-held stock. After 28 years of holding AmEx, Berkshire Hathaway's position has grown to almost $25 billion in value. This is a cyclical company that benefits from long periods of economic expansion, as well as its ability to attract affluent clientele. These well-to-do clients are less likely to change their spending habits when economic hiccups arise, which often means less worry about credit delinquencies for AmEx.</p>\n<h2>4. Coca-Cola: $22.5 billion</h2>\n<p>Speaking of long-tenured holdings, beverage behemoth <b>Coca-Cola</b> (NYSE:KO) is the longest-held stock in Buffett's portfolio (33 years). Coca-Cola operates in all but two countries worldwide (North Korea and Cuba) and has more than 20 brands generating at least $1 billion in annual sales. Thanks to its top-notch marketing team, it's also the best-known consumer goods brand. Coke has holiday tie-ins, has allied itself with well-known brand ambassadors, and is embracing digital advertising and social media as a way to get its message to a younger generation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc21d6aabfd53f63ded95ae16cbd64e1\" tg-width=\"700\" tg-height=\"468\"><span>Image source: Getty Images.</span></p>\n<h2>5. Kraft Heinz: $14.1 billion</h2>\n<p>There's little question that <b>Kraft Heinz</b> (NASDAQ:KHC) is the oddball holding in Buffett's top 10. That's because Buffett admits to Heinz overpaying for Kraft Foods, and the combined company largely underperforming in recent years. This includes a greater than $15 billion goodwill writedown in 2019. While the pandemic has helped boost demand for packaged foods, Kraft Heinz's balance sheet is still bogged down by high debt levels and goodwill. In short, Berkshire Hathaway is sort of stuck with its 325.6 million shares.</p>\n<h2>6. Verizon Communications: $9.1 billion</h2>\n<p>Telecommunications giant <b>Verizon</b> (NYSE:VZ) is a fairly recent addition to Berkshire Hathaway's portfolio, although it's been bought hand over fist in the previous two quarters by Buffett and his team. The lure of Verizon is likely its 4.4% dividend yield, which is arguably <a href=\"https://laohu8.com/S/AONE\">one</a> of the safest high-yield payouts on the planet. What's more, Verizon should benefit immensely from the rollout of 5G infrastructure. It's been a decade since the last major upgrade to download speeds, which suggests that a multiyear tech upgrade cycle will lead to higher-margin data consumption.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7343c3ce7330b86321a8ec9384d4baea\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>7. U.S. Bancorp: $8.7 billion</h2>\n<p>Next to BofA, <b>U.S. Bancorp</b> (NYSE:USB) is Buffett's favorite bank stock. It's a company that regularly trades at a premium to its book value -- and for good reason. U.S. Bancorp has seen its users embrace technology, with the percentage of consumer loans completed digitally skyrocketing over the past two years. Being able to consolidate its physical branches, while also avoiding riskier derivative investments that have gotten U.S. money-center banks in trouble, has helped U.S. Bancorp to some of the highest return on assets among big banks.</p>\n<h2>8. Moody's: $8.5 billion</h2>\n<p>Credit agency and analytics company <b>Moody's</b> (NYSE:MCO) is yet another top-10 holding that's been held for longer than two decades. With an initial cost basis of just over $10, Berkshire Hathaway is sitting on an unrealized gain of better than 3,300% -- and this isn't accounting for dividends. Historically low lending rates have kept Moody's credit rating segment busy, while volatile trading markets are boosting demand for Moody's analytics. It's hard to envision Buffett ever selling this stake.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8abdae403dddfa42107e06ea5bfddf39\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>9. BYD: $6.2 billion</h2>\n<p>Back in 2008, Buffett acquired 225 million shares of China-based electric-vehicle (EV) manufacturer <b>BYD</b> (OTC:BYDDY)&nbsp;for $1.03 a share (it closed this past week at $27.65 a share). In March, BYD sold 16,301 EVs, which is more than higher-profile competitors <b>NIO</b>&nbsp;and <b>XPeng</b>&nbsp;delivered on a combined basis in the same month. With the Society of Automotive Engineers of China forecasting that half of all new vehicles sales in 2035 will be powered by alternative energy, BYD is in pole position to disrupt the largest auto market in the world.</p>\n<h2>10. DaVita: $4.4 billion</h2>\n<p>Rounding out the top 10 is kidney dialysis services company <b>DaVita</b> (NYSE:DVA). Buffett's fascination with the company is likely a numbers play. Over time, an aging U.S. population is going to become more reliant on kidney dialysis services for maintenance purposes. As the clear leader in providing these services, DaVita should see a steady uptick in demand and reimbursement for its services. This patient long-term thesis perfectly embodies the Buffett investing ethos.</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>These 10 Stocks Make Up 85% of Warren Buffett's Portfolio</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\">\nThese 10 Stocks Make Up 85% of Warren Buffett's Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/16/10-stocks-make-up-85-of-warren-buffetts-portfolio/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you've ever wondered why Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) CEO Warren Buffett's name gets brought up so much on Wall Street, it's because of his impressive investing track record. Buffett...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/16/10-stocks-make-up-85-of-warren-buffetts-portfolio/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCO":"穆迪","BYDDY":"比亚迪ADR","AXP":"美国运通","USB":"美国合众银行","BAC":"美国银行","VZ":"威瑞森","AAPL":"苹果","KO":"可口可乐","BRK.B":"伯克希尔B","BRK.A":"伯克希尔","KHC":"卡夫亨氏","DVA":"达维塔保健"},"source_url":"https://www.fool.com/investing/2021/06/16/10-stocks-make-up-85-of-warren-buffetts-portfolio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143379379","content_text":"If you've ever wondered why Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) CEO Warren Buffett's name gets brought up so much on Wall Street, it's because of his impressive investing track record. Buffett isn't infallible, but he's delivered an annual average return of 20% since the mid-1960s for his shareholders. In aggregate, we're talking about a return of more than 2,800,000%!\nWhat's even more amazing is that Buffett hasn't done anything the average investors couldn't do to net these huge gains. He focuses on a few sectors and industries that interest him, buys companies with clear-cut competitive advantages, and most importantly hangs onto those stakes for a very long time.\nAnother source of Buffett's success is concentration. The Oracle of Omaha doesn't believe diversification is necessary if you know what you're doing. This is readily apparent in Berkshire Hathaway's $302.6 billion investment portfolio. As of this past weekend, 85% of Berkshire's invested assets ($257.3 billion) were tied up in only 10 stocks.\nBerkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.\n1. Apple: $115.6 billion\nTech kingpin Apple (NASDAQ:AAPL) makes up about 38% of Warren Buffett's portfolio by itself and has been dubbed \"Berkshire's third business\" by the Oracle of Omaha. Apple offers some of the strongest branding in the world, is the clear leader in smartphones in the U.S., and has been pivoting to higher-margin services under the leadership of CEO Tim Cook. Though iPhone sales remain Apple's top product, services becoming a larger percentage of total sales will help remove the revenue lumpiness associated with new product launches.\n2. Bank of America: $43.2 billion\nBank stocks have long been Buffett's favorite place to put Berkshire's money work. Bank of America (NYSE:BAC) is Berkshire's unquestioned largest bank holding, with more than 14% of invested assets. Bank of America has done an excellent job of controlling its noninterest expenses by consolidating branches and emphasizing digital banking. It's also in line to benefit more than any other money-center bank from an eventual rise in interest rates.\nImage source: American Express.\n3. American Express: $24.9 billion\nPayment processor and lender American Express (NYSE:AXP) is Buffett's third-largest and third-longest-held stock. After 28 years of holding AmEx, Berkshire Hathaway's position has grown to almost $25 billion in value. This is a cyclical company that benefits from long periods of economic expansion, as well as its ability to attract affluent clientele. These well-to-do clients are less likely to change their spending habits when economic hiccups arise, which often means less worry about credit delinquencies for AmEx.\n4. Coca-Cola: $22.5 billion\nSpeaking of long-tenured holdings, beverage behemoth Coca-Cola (NYSE:KO) is the longest-held stock in Buffett's portfolio (33 years). Coca-Cola operates in all but two countries worldwide (North Korea and Cuba) and has more than 20 brands generating at least $1 billion in annual sales. Thanks to its top-notch marketing team, it's also the best-known consumer goods brand. Coke has holiday tie-ins, has allied itself with well-known brand ambassadors, and is embracing digital advertising and social media as a way to get its message to a younger generation.\nImage source: Getty Images.\n5. Kraft Heinz: $14.1 billion\nThere's little question that Kraft Heinz (NASDAQ:KHC) is the oddball holding in Buffett's top 10. That's because Buffett admits to Heinz overpaying for Kraft Foods, and the combined company largely underperforming in recent years. This includes a greater than $15 billion goodwill writedown in 2019. While the pandemic has helped boost demand for packaged foods, Kraft Heinz's balance sheet is still bogged down by high debt levels and goodwill. In short, Berkshire Hathaway is sort of stuck with its 325.6 million shares.\n6. Verizon Communications: $9.1 billion\nTelecommunications giant Verizon (NYSE:VZ) is a fairly recent addition to Berkshire Hathaway's portfolio, although it's been bought hand over fist in the previous two quarters by Buffett and his team. The lure of Verizon is likely its 4.4% dividend yield, which is arguably one of the safest high-yield payouts on the planet. What's more, Verizon should benefit immensely from the rollout of 5G infrastructure. It's been a decade since the last major upgrade to download speeds, which suggests that a multiyear tech upgrade cycle will lead to higher-margin data consumption.\nImage source: Getty Images.\n7. U.S. Bancorp: $8.7 billion\nNext to BofA, U.S. Bancorp (NYSE:USB) is Buffett's favorite bank stock. It's a company that regularly trades at a premium to its book value -- and for good reason. U.S. Bancorp has seen its users embrace technology, with the percentage of consumer loans completed digitally skyrocketing over the past two years. Being able to consolidate its physical branches, while also avoiding riskier derivative investments that have gotten U.S. money-center banks in trouble, has helped U.S. Bancorp to some of the highest return on assets among big banks.\n8. Moody's: $8.5 billion\nCredit agency and analytics company Moody's (NYSE:MCO) is yet another top-10 holding that's been held for longer than two decades. With an initial cost basis of just over $10, Berkshire Hathaway is sitting on an unrealized gain of better than 3,300% -- and this isn't accounting for dividends. Historically low lending rates have kept Moody's credit rating segment busy, while volatile trading markets are boosting demand for Moody's analytics. It's hard to envision Buffett ever selling this stake.\nImage source: Getty Images.\n9. BYD: $6.2 billion\nBack in 2008, Buffett acquired 225 million shares of China-based electric-vehicle (EV) manufacturer BYD (OTC:BYDDY) for $1.03 a share (it closed this past week at $27.65 a share). In March, BYD sold 16,301 EVs, which is more than higher-profile competitors NIO and XPeng delivered on a combined basis in the same month. With the Society of Automotive Engineers of China forecasting that half of all new vehicles sales in 2035 will be powered by alternative energy, BYD is in pole position to disrupt the largest auto market in the world.\n10. DaVita: $4.4 billion\nRounding out the top 10 is kidney dialysis services company DaVita (NYSE:DVA). Buffett's fascination with the company is likely a numbers play. Over time, an aging U.S. population is going to become more reliant on kidney dialysis services for maintenance purposes. As the clear leader in providing these services, DaVita should see a steady uptick in demand and reimbursement for its services. This patient long-term thesis perfectly embodies the Buffett investing ethos.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574571431188078","authorId":"3574571431188078","name":"Ryun83","avatar":"https://static.tigerbbs.com/930dc26d4ae857c0f1cb8a552152440a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574571431188078","authorIdStr":"3574571431188078"},"content":"Like n comment b pls","text":"Like n comment b pls","html":"Like n comment b pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033109579,"gmtCreate":1646204309247,"gmtModify":1676534103597,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033109579","repostId":"1162614571","repostType":4,"repost":{"id":"1162614571","pubTimestamp":1646193023,"share":"https://ttm.financial/m/news/1162614571?lang=&edition=fundamental","pubTime":"2022-03-02 11:50","market":"us","language":"en","title":"Fear, Panic And War Are Bad Reasons To Sell Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1162614571","media":"TheStreet","summary":"SummaryMany people are concerned that the war in Ukraine will damage their portfolios.It is natural ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Many people are concerned that the war in Ukraine will damage their portfolios.</li><li>It is natural to be worried during scary situations, but history shows that times like now are poor times to sell.</li><li>Generally speaking, stock market declines due to disaster scenarios are very short lived.</li><li>In this article, I will make the case that many stocks (particularly energy stocks) will do just fine in this environment.</li></ul><p>The world is a scary place right now. An armed conflict between Russia and Ukraine has created an atmosphere of panic unlike any in recent memory. Various media outlets have described the crisis as the biggest armed conflict in Europe since World War 2. The days-old conflict has already claimed hundreds of lives, and displaced hundreds of thousands of Ukrainians. It is a very frightening, and tragic, situation.</p><p>So, it shouldn&#39;t come as any surprise that markets have been jittery since the war began. On February 24, the first day after Russia&#39;s invasion, markets opened1.65% lower than they closed the day before. In subsequent trading days, the markets regained what they had lost, and then some. Nevertheless, scary sounding headlines continued to be released for the remainder of the week. Some examples include:</p><ul><li><p>&#34;These 13 Stocks Implode as the World Prepares for War.&#34; (Investor&#39;s Business Daily).</p></li><li><p>&#34;Stocks tank as War Threat intensifies.&#34; (Morningstar).</p></li><li><p>&#34;War Will Give Stocks no Peace.&#34; (Forbes).</p></li></ul><p>The subtext of these headlines couldn&#39;t be clearer:</p><p><i>War is a scary prospect for stock market investors. Be very afraid!</i></p><p>To be sure, there are legitimate reasons to be afraid of war. The human toll is very real, and wars can bring short term economic disruptions as well. The war in Ukraine has reportedly taken energy pipelines offline, contributing to higher energy costs and inflation. So there are very real reasons to be concerned. The question is,<i>&#34;is the stock market one of these reasons?&#34;</i></p><p>Going by history, no. Although the flash point moments in war do tend to be correlated with brief selloffs, stocks recover from these events quickly. There was only one case in the last 100 years in which a war was correlated with a long-term decline in stock prices but, as you&#39;re about to see, the war was not likely what caused stocks to go down that time. Generally speaking, wars can coincide with panic selling, but it doesn&#39;t last long. Given this, it would be foolhardy to sell your stocks right now because of the situation in Eastern Europe.</p><p><b>Wars and Stocks: the Correlation</b></p><p>If we look at historical market data, we can see that the very early moments of wars do tend to be correlated with stock market selloffs. A recentFortune article reviewed five major conflict situations and how they impacted stocks. It concluded that war-related stock market dips do occur, but tend to be short lived. The examples given are:</p><ul><li><p>World War 1: the Dow fell 30%, then was closed for six months, then surged 88% in 1915.</p></li><li><p>World War 2: 2.9% drawdown on the morning of the Pearl Harbor attack. Losses erased within a month.</p></li><li><p>Cuban Missile Crisis: tiny 1.2% selloff followed by a 10% gain for the remainder of the year.</p></li><li><p>9/11: 15% selloff within days of the attack. The market didn&#39;t find a bottom this time until 2002. It then went on to enter a bull market that lasted until 2008.</p></li><li><p>U.S. invading Iraq: stocks jumped 2.3% on the day of the invasion and ended the year up 30%.</p></li></ul><p>I&#39;ve included a chart below, borrowed from Trading Economics, that shows the approximate dates of the events above (except World War 1). Looking at it visually, you can see that all of these war-related events coincided with near term lows, but were followed by long-term gains. The one exception is 9/11: it took stocks nearly a year to find a bottom after that one. However, in that particular case, the long-term downtrend was not actually caused by the attack, as I&#39;ll explain shortly.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76d1ac70f5e16bcef0d0abacea19479d\" tg-width=\"816\" tg-height=\"517\" width=\"100%\" height=\"auto\"/><span>Trading Economics</span></p><p>As you can see, 9/11 occurred about halfway through a bear market that began in 2000 and ended in 2002. It was the one &#34;war&#34; related event of the five mentioned in Fortune that was followed by prolonged bearishness. However, it was also the one where there was a lot more than conflict contributing to the selloff. The 9/11 crash occurred about halfway through the Dotcom bubble burst. The bear market of the time was caused by the rapid collapse in prices of high flying tech stocks, some of which went bankrupt and were delisted. Notable examples included:</p><ul><li><p>Pets.com (went bankrupt).</p></li><li><p>Priceline (acquired after falling 94%).</p></li><li><p>Garden.com (shut down after falling to 9 cents a share).</p></li></ul><p>All of these stocks went bust long before 9/11 was part of the conversation. Therefore, it&#39;s hard to say how much of the losses in the 2000-2002 period were due to the bubble collapsing, and how much were due to 9/11. The 2000 bubble collapsed mainly due to valuation concerns, companies experiencing financial strain, and a series of interest rate hikes in1999 and 2000. At the peak, the NASDAQ had a 175 P/E ratio. These factors probably contributed to the 2000-2002 bear market more than any conflict did.</p><p>If we take the post-9/11 selloff without the historical context, then it took the markets a little under a year to recover from the 15% drawdown. That&#39;s not too bad, all things considered. Of course, the markets took much longer to get back to the highs set in 2000. The S&amp;P 500 took six years to get back to the previous top, the NASDAQ a full 15! So the bear market of 2000-2002 was quite long, and the recovery from it was even longer. But again, most of it took place long before 9/11. The losses incurred in the immediate aftermath of that event reversed in less than a year.</p><p><b>Why Isn&#39;t War Bad For Stocks?</b></p><p>Having established that war has not historically been bad for the stock market, the next logical question to ask is, &#34;why?&#34; War is certainly among the most destructive mass-scale activities human beings participate in. Lives are lost, infrastructure is destroyed, people are displaced, and the list just goes on and on. It certainly seems like wars destroy a lot of value. Why, then, do stocks generally go up when they are happening?</p><p>First, it helps to understand how broad the stock market really is.</p><p>To begin with just the U.S., the Wilshire 5000 index consists of 3,500 stocks. It is generally taken as equivalent to the total U.S. stock market. It may exclude some OTC stocks, but it is a pretty good proxy for U.S. listed securities.</p><p>Looking abroad, there are even more stocks to choose from. The OECD says that there are41,000 listed equities globally, and the number rises every year.</p><p>What all of this means is that the universe of stocks is very large. It follows logically from this that different stocks will respond to armed conflict in different ways. While you might find some companies out there that lose money because of armed conflict, you&#39;ll find others that won&#39;t. Some companies will inevitably do just fine. Out of respect for the lives in jeopardy in Eastern Europe right now, I will avoid any talk of arms dealers, defense contractors and other &#34;war beneficiary&#34; stocks. But I will draw your attention to one major industry that serves as a perfect illustration of how companies can thrive during wars:</p><p><b>Energy</b></p><p>As you might be aware, the Russia/Ukraine war has severely disrupted global energy supplies. Russia&#39;s Nord Stream 2 pipeline has been suspended, pipelines in Ukraine have been knocked out, and Western energy companies have withdrawn from Russia. Without a doubt, there are Russian energy companies that could lose a lot of money over this.<b>Gazprom</b>(OTCPK:OGZPY), for example, is heavily invested in the now suspended Nord Stream 2. Its stock had fallen 35% for the year before trading was suspended on February 25th. That&#39;s noteworthy because energy stocks as a whole rose in the same period.</p><p>So, Russian energy stocks are in a bad place right now.</p><p>But remember:</p><p><i>It&#39;s a big world out there.</i></p><p>All of the oil that&#39;s not flowing because of the Russia/Ukraine conflict has to be supplied by someone else. And because of the supply shock, that &#34;someone else&#34; is going to collect higher prices on the oil they sell. When supply decreases but demand is unchanged, prices rise. And right now, the global supply of oil is being reduced.</p><p>There are many companies that can thrive in such an environment. If you look at a Canadian energy company like <b>Suncor Energy</b>(SU), for example, it is about as insulated from the Russia/Ukraine situation as you can imagine. It makes money by selling gasoline to Canadians and by exporting crude oil to Americans. None of this is in any way threatened by the situation in Eastern Europe. Yet oil prices are rising worldwide, even in regions that are not being directly impacted by the conflict. Gasoline prices are rising right along side them. All of this means that Suncor gets to charge higher prices for its products than it did before. That results in higher earnings, as we saw the fourth quarter. In Q4, Suncor&#39;s funds from operations (FFO)grew 157%year-over-year. Net income and operating income swung from losses to profits. That was all thanks to oil prices rising year-over-year. Today, oil prices are even higher than they were in Q4, having set new 7 year highs. So Suncor should do even better in Q1.</p><p>What this example illustrates is the fact that equities can respond to crises in surprising ways. Sure, some are damaged by pandemonium, but others can do just fine. Overall, the presence of disorder in the world shouldn&#39;t affect your outlook. As history shows, it has little effect on the markets.</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>Fear, Panic And War Are Bad Reasons To Sell Stocks</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\">\nFear, Panic And War Are Bad Reasons To Sell Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/news/how-important-is-russia-to-apples-business><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMany people are concerned that the war in Ukraine will damage their portfolios.It is natural to be worried during scary situations, but history shows that times like now are poor times to sell....</p>\n\n<a href=\"https://www.thestreet.com/apple/news/how-important-is-russia-to-apples-business\">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",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.thestreet.com/apple/news/how-important-is-russia-to-apples-business","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162614571","content_text":"SummaryMany people are concerned that the war in Ukraine will damage their portfolios.It is natural to be worried during scary situations, but history shows that times like now are poor times to sell.Generally speaking, stock market declines due to disaster scenarios are very short lived.In this article, I will make the case that many stocks (particularly energy stocks) will do just fine in this environment.The world is a scary place right now. An armed conflict between Russia and Ukraine has created an atmosphere of panic unlike any in recent memory. Various media outlets have described the crisis as the biggest armed conflict in Europe since World War 2. The days-old conflict has already claimed hundreds of lives, and displaced hundreds of thousands of Ukrainians. It is a very frightening, and tragic, situation.So, it shouldn't come as any surprise that markets have been jittery since the war began. On February 24, the first day after Russia's invasion, markets opened1.65% lower than they closed the day before. In subsequent trading days, the markets regained what they had lost, and then some. Nevertheless, scary sounding headlines continued to be released for the remainder of the week. Some examples include:\"These 13 Stocks Implode as the World Prepares for War.\" (Investor's Business Daily).\"Stocks tank as War Threat intensifies.\" (Morningstar).\"War Will Give Stocks no Peace.\" (Forbes).The subtext of these headlines couldn't be clearer:War is a scary prospect for stock market investors. Be very afraid!To be sure, there are legitimate reasons to be afraid of war. The human toll is very real, and wars can bring short term economic disruptions as well. The war in Ukraine has reportedly taken energy pipelines offline, contributing to higher energy costs and inflation. So there are very real reasons to be concerned. The question is,\"is the stock market one of these reasons?\"Going by history, no. Although the flash point moments in war do tend to be correlated with brief selloffs, stocks recover from these events quickly. There was only one case in the last 100 years in which a war was correlated with a long-term decline in stock prices but, as you're about to see, the war was not likely what caused stocks to go down that time. Generally speaking, wars can coincide with panic selling, but it doesn't last long. Given this, it would be foolhardy to sell your stocks right now because of the situation in Eastern Europe.Wars and Stocks: the CorrelationIf we look at historical market data, we can see that the very early moments of wars do tend to be correlated with stock market selloffs. A recentFortune article reviewed five major conflict situations and how they impacted stocks. It concluded that war-related stock market dips do occur, but tend to be short lived. The examples given are:World War 1: the Dow fell 30%, then was closed for six months, then surged 88% in 1915.World War 2: 2.9% drawdown on the morning of the Pearl Harbor attack. Losses erased within a month.Cuban Missile Crisis: tiny 1.2% selloff followed by a 10% gain for the remainder of the year.9/11: 15% selloff within days of the attack. The market didn't find a bottom this time until 2002. It then went on to enter a bull market that lasted until 2008.U.S. invading Iraq: stocks jumped 2.3% on the day of the invasion and ended the year up 30%.I've included a chart below, borrowed from Trading Economics, that shows the approximate dates of the events above (except World War 1). Looking at it visually, you can see that all of these war-related events coincided with near term lows, but were followed by long-term gains. The one exception is 9/11: it took stocks nearly a year to find a bottom after that one. However, in that particular case, the long-term downtrend was not actually caused by the attack, as I'll explain shortly.Trading EconomicsAs you can see, 9/11 occurred about halfway through a bear market that began in 2000 and ended in 2002. It was the one \"war\" related event of the five mentioned in Fortune that was followed by prolonged bearishness. However, it was also the one where there was a lot more than conflict contributing to the selloff. The 9/11 crash occurred about halfway through the Dotcom bubble burst. The bear market of the time was caused by the rapid collapse in prices of high flying tech stocks, some of which went bankrupt and were delisted. Notable examples included:Pets.com (went bankrupt).Priceline (acquired after falling 94%).Garden.com (shut down after falling to 9 cents a share).All of these stocks went bust long before 9/11 was part of the conversation. Therefore, it's hard to say how much of the losses in the 2000-2002 period were due to the bubble collapsing, and how much were due to 9/11. The 2000 bubble collapsed mainly due to valuation concerns, companies experiencing financial strain, and a series of interest rate hikes in1999 and 2000. At the peak, the NASDAQ had a 175 P/E ratio. These factors probably contributed to the 2000-2002 bear market more than any conflict did.If we take the post-9/11 selloff without the historical context, then it took the markets a little under a year to recover from the 15% drawdown. That's not too bad, all things considered. Of course, the markets took much longer to get back to the highs set in 2000. The S&P 500 took six years to get back to the previous top, the NASDAQ a full 15! So the bear market of 2000-2002 was quite long, and the recovery from it was even longer. But again, most of it took place long before 9/11. The losses incurred in the immediate aftermath of that event reversed in less than a year.Why Isn't War Bad For Stocks?Having established that war has not historically been bad for the stock market, the next logical question to ask is, \"why?\" War is certainly among the most destructive mass-scale activities human beings participate in. Lives are lost, infrastructure is destroyed, people are displaced, and the list just goes on and on. It certainly seems like wars destroy a lot of value. Why, then, do stocks generally go up when they are happening?First, it helps to understand how broad the stock market really is.To begin with just the U.S., the Wilshire 5000 index consists of 3,500 stocks. It is generally taken as equivalent to the total U.S. stock market. It may exclude some OTC stocks, but it is a pretty good proxy for U.S. listed securities.Looking abroad, there are even more stocks to choose from. The OECD says that there are41,000 listed equities globally, and the number rises every year.What all of this means is that the universe of stocks is very large. It follows logically from this that different stocks will respond to armed conflict in different ways. While you might find some companies out there that lose money because of armed conflict, you'll find others that won't. Some companies will inevitably do just fine. Out of respect for the lives in jeopardy in Eastern Europe right now, I will avoid any talk of arms dealers, defense contractors and other \"war beneficiary\" stocks. But I will draw your attention to one major industry that serves as a perfect illustration of how companies can thrive during wars:EnergyAs you might be aware, the Russia/Ukraine war has severely disrupted global energy supplies. Russia's Nord Stream 2 pipeline has been suspended, pipelines in Ukraine have been knocked out, and Western energy companies have withdrawn from Russia. Without a doubt, there are Russian energy companies that could lose a lot of money over this.Gazprom(OTCPK:OGZPY), for example, is heavily invested in the now suspended Nord Stream 2. Its stock had fallen 35% for the year before trading was suspended on February 25th. That's noteworthy because energy stocks as a whole rose in the same period.So, Russian energy stocks are in a bad place right now.But remember:It's a big world out there.All of the oil that's not flowing because of the Russia/Ukraine conflict has to be supplied by someone else. And because of the supply shock, that \"someone else\" is going to collect higher prices on the oil they sell. When supply decreases but demand is unchanged, prices rise. And right now, the global supply of oil is being reduced.There are many companies that can thrive in such an environment. If you look at a Canadian energy company like Suncor Energy(SU), for example, it is about as insulated from the Russia/Ukraine situation as you can imagine. It makes money by selling gasoline to Canadians and by exporting crude oil to Americans. None of this is in any way threatened by the situation in Eastern Europe. Yet oil prices are rising worldwide, even in regions that are not being directly impacted by the conflict. Gasoline prices are rising right along side them. All of this means that Suncor gets to charge higher prices for its products than it did before. That results in higher earnings, as we saw the fourth quarter. In Q4, Suncor's funds from operations (FFO)grew 157%year-over-year. Net income and operating income swung from losses to profits. That was all thanks to oil prices rising year-over-year. Today, oil prices are even higher than they were in Q4, having set new 7 year highs. So Suncor should do even better in Q1.What this example illustrates is the fact that equities can respond to crises in surprising ways. Sure, some are damaged by pandemonium, but others can do just fine. Overall, the presence of disorder in the world shouldn't affect your outlook. As history shows, it has little effect on the markets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030040050,"gmtCreate":1645585220903,"gmtModify":1676534043025,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030040050","repostId":"1115377629","repostType":4,"repost":{"id":"1115377629","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":1645571630,"share":"https://ttm.financial/m/news/1115377629?lang=&edition=fundamental","pubTime":"2022-02-23 07:13","market":"us","language":"en","title":"S&P 500 Confirms Correction; Ukraine-Russia Crisis Keeps Investors on Edge","url":"https://stock-news.laohu8.com/highlight/detail?id=1115377629","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street's main indexes fell on Tuesday, with theS&P500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin reco","content":"<html><head></head><body><p>NEW YORK (Reuters) - Wall Street&#39;s main indexes fell on Tuesday, with theS&amp;P500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.</p><p>The S&amp;P 500 ended down more than 10% from its Jan. 3 closing record high. A correction is confirmed when an index closes 10% or more below its record closing level.</p><p>Indexes pared losses and ended off their lows of the session after U.S. President Joe Biden announced the first wave of sanctions against Russia, while saying he was hopeful diplomacy is still available.</p><p>Biden added that the United States had no intention of fighting Russia. He said the sanctions, among others things, target Russian banks and sovereign debt.</p><p>&#34;It finally gives all of this rhetoric, all of this strategy, some teeth. This is something to make the other side feel some pain and I think that&#39;s appropriate,&#34; said Jake Dollarhide, chief executive officer ofLongbowAsset Management in Tulsa, Oklahoma.</p><p>Earlier on Tuesday, NATO Secretary-General Jens Stoltenberg said that the alliance believed Russia was still planning a big assault on Ukraine following Moscow&#39;s recognition of two separatist regions in the former Soviet republic&#39;s east.</p><p>Britain published a list of sanctions and Germany froze the Nord Stream 2 Baltic Sea gas pipeline project, which would have significantly increased the flow of Russian gas.</p><p>All major S&amp;P 500 sector ended lower on the day, led by losses in cyclical sectors including consumer discretionary and energy.</p><p>The Dow Jones Industrial Average fell 482.57 points, or 1.42%, to 33,596.61, the S&amp;P 500 lost 44.11 points, or 1.01%, to 4,304.76 and the Nasdaq Composite dropped 166.55 points, or 1.23%, to 13,381.52.</p><p>The measures announced by Biden were not as harsh as some investors had feared, said Alan Lancz, president of Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p>But he said the effect is likely temporary given that the Ukraine-Russia crisis is not over.</p><p>The Dow and Nasdaq were each down more than 2% shortly before Biden spoke.</p><p>Shares of Home Depot Inc dropped 8.9% after the home improvement chain reported a decline in gross profit margins for the holiday quarter due to a jump in transportation and labor costs.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.79-to-1 ratio; on Nasdaq, a 2.90-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 6 new 52-week highs and 34 new lows; the Nasdaq Composite recorded 29 new highs and 560 new lows.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 Confirms Correction; Ukraine-Russia Crisis Keeps Investors on Edge</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\">\nS&P 500 Confirms Correction; Ukraine-Russia Crisis Keeps Investors on Edge\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\">2022-02-23 07:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NEW YORK (Reuters) - Wall Street&#39;s main indexes fell on Tuesday, with theS&amp;P500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.</p><p>The S&amp;P 500 ended down more than 10% from its Jan. 3 closing record high. A correction is confirmed when an index closes 10% or more below its record closing level.</p><p>Indexes pared losses and ended off their lows of the session after U.S. President Joe Biden announced the first wave of sanctions against Russia, while saying he was hopeful diplomacy is still available.</p><p>Biden added that the United States had no intention of fighting Russia. He said the sanctions, among others things, target Russian banks and sovereign debt.</p><p>&#34;It finally gives all of this rhetoric, all of this strategy, some teeth. This is something to make the other side feel some pain and I think that&#39;s appropriate,&#34; said Jake Dollarhide, chief executive officer ofLongbowAsset Management in Tulsa, Oklahoma.</p><p>Earlier on Tuesday, NATO Secretary-General Jens Stoltenberg said that the alliance believed Russia was still planning a big assault on Ukraine following Moscow&#39;s recognition of two separatist regions in the former Soviet republic&#39;s east.</p><p>Britain published a list of sanctions and Germany froze the Nord Stream 2 Baltic Sea gas pipeline project, which would have significantly increased the flow of Russian gas.</p><p>All major S&amp;P 500 sector ended lower on the day, led by losses in cyclical sectors including consumer discretionary and energy.</p><p>The Dow Jones Industrial Average fell 482.57 points, or 1.42%, to 33,596.61, the S&amp;P 500 lost 44.11 points, or 1.01%, to 4,304.76 and the Nasdaq Composite dropped 166.55 points, or 1.23%, to 13,381.52.</p><p>The measures announced by Biden were not as harsh as some investors had feared, said Alan Lancz, president of Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p>But he said the effect is likely temporary given that the Ukraine-Russia crisis is not over.</p><p>The Dow and Nasdaq were each down more than 2% shortly before Biden spoke.</p><p>Shares of Home Depot Inc dropped 8.9% after the home improvement chain reported a decline in gross profit margins for the holiday quarter due to a jump in transportation and labor costs.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.79-to-1 ratio; on Nasdaq, a 2.90-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 6 new 52-week highs and 34 new lows; the Nasdaq Composite recorded 29 new highs and 560 new lows.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4550":"红杉资本持仓","BK4504":"桥水持仓","UPRO":"三倍做多标普500ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","BK4534":"瑞士信贷持仓","SSO":"两倍做多标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","BK4559":"巴菲特持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115377629","content_text":"NEW YORK (Reuters) - Wall Street's main indexes fell on Tuesday, with theS&P500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.The S&P 500 ended down more than 10% from its Jan. 3 closing record high. A correction is confirmed when an index closes 10% or more below its record closing level.Indexes pared losses and ended off their lows of the session after U.S. President Joe Biden announced the first wave of sanctions against Russia, while saying he was hopeful diplomacy is still available.Biden added that the United States had no intention of fighting Russia. He said the sanctions, among others things, target Russian banks and sovereign debt.\"It finally gives all of this rhetoric, all of this strategy, some teeth. This is something to make the other side feel some pain and I think that's appropriate,\" said Jake Dollarhide, chief executive officer ofLongbowAsset Management in Tulsa, Oklahoma.Earlier on Tuesday, NATO Secretary-General Jens Stoltenberg said that the alliance believed Russia was still planning a big assault on Ukraine following Moscow's recognition of two separatist regions in the former Soviet republic's east.Britain published a list of sanctions and Germany froze the Nord Stream 2 Baltic Sea gas pipeline project, which would have significantly increased the flow of Russian gas.All major S&P 500 sector ended lower on the day, led by losses in cyclical sectors including consumer discretionary and energy.The Dow Jones Industrial Average fell 482.57 points, or 1.42%, to 33,596.61, the S&P 500 lost 44.11 points, or 1.01%, to 4,304.76 and the Nasdaq Composite dropped 166.55 points, or 1.23%, to 13,381.52.The measures announced by Biden were not as harsh as some investors had feared, said Alan Lancz, president of Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.But he said the effect is likely temporary given that the Ukraine-Russia crisis is not over.The Dow and Nasdaq were each down more than 2% shortly before Biden spoke.Shares of Home Depot Inc dropped 8.9% after the home improvement chain reported a decline in gross profit margins for the holiday quarter due to a jump in transportation and labor costs.Declining issues outnumbered advancing ones on the NYSE by a 3.79-to-1 ratio; on Nasdaq, a 2.90-to-1 ratio favored decliners.The S&P 500 posted 6 new 52-week highs and 34 new lows; the Nasdaq Composite recorded 29 new highs and 560 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090040337,"gmtCreate":1643041741630,"gmtModify":1676533768058,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090040337","repostId":"2205802723","repostType":4,"repost":{"id":"2205802723","pubTimestamp":1643037267,"share":"https://ttm.financial/m/news/2205802723?lang=&edition=fundamental","pubTime":"2022-01-24 23:14","market":"us","language":"en","title":"4 Stocks That Can Turn $100,000 Into $1 Million by 2030","url":"https://stock-news.laohu8.com/highlight/detail?id=2205802723","media":"Motley Fool","summary":"With time as an investors' ally, these game-changing stocks can make people rich.","content":"<html><head></head><body><p>Since the stock market bottomed out in March 2020, investors have enjoyed historic gains. It took less than 17 months for the broad-based <b>S&amp;P 500</b> to double from its bear market low. Furthermore, the widely followed index came close to tripling its long-term average annual return in 2021.</p><p>Despite this incredible outperformance, amazing deals remain. Patient investors who buy into innovative companies with clear-cut competitive advantages have a real chance to see their initial investment compound many times over.</p><p>If you have cash ready to invest and are willing to let time be your ally, the following four stocks all have the tools to turn $100,000 into $1 million by 2030.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F660582%2Fstack-of-one-hundred-dollar-bills-cash-money-invest-retire-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"491\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>Teladoc Health</h2><p>There&#39;s no sugarcoating it: telehealth giant <b>Teladoc Health</b> (NYSE:TDOC) was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of 2021&#39;s biggest disappointments. After skyrocketing during the initial stages of the coronavirus pandemic, concerns about larger-than-expected losses tied to its Livongo Health acquisition, as well as worries about slowing growth in an eventual post-pandemic world, pushed shares more than 70% below their all-time high.</p><p>However, investors with time on their side can buy Teladoc Health now and take pride in owning a leading innovator in personalized care.</p><p>The easiest way to tell that that telemedicine is here to stay is to look at Teladoc&#39;s sales growth prior to the pandemic. In the seven years leading up to the coronavirus outbreak, the company averaged annual sales growth of 74%. That&#39;s not a year or two of simply being in the right place at the right time. Sales growth this consistent signals a sustained shift in how treatment is being administered in the U.S.</p><p>The great thing about telemedicine is that it provides benefits up and down the treatment chain. It&#39;s almost always more convenient for patients, and it can allow physicians easier access to chronically ill patients. This ease of access should result in improved patient outcomes and lower costs for health insurance companies. The latter is particularly important, as it could increase the likelihood that insurers will push for increased telehealth adoption in the years that lie ahead.</p><p>What&#39;s more, the higher costs associated with Teladoc&#39;s buyout of leading applied health signals company Livongo Health won&#39;t carry over into its 2022 financial results. This means investors can focus on what&#39;s important -- i.e., Livongo&#39;s efforts to enroll more chronic-care members in its service.</p><p>Teladoc has the solutions and innovation to be one of the fastest-growing healthcare stocks this decade.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F660582%2Fbusiness-meeting-tablets-laptops-graphs-charts-advertising-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>PubMatic</h2><p>A small-cap growth stock with large-cap aspirations that could realistically 10x investors&#39; money by the turn of the decade is <b>PubMatic</b> (NASDAQ:PUBM).</p><p>PubMatic operates as a cloud-based, sell-side programmatic ad platform. In simple terms, this means PubMatic&#39;s solutions handle the optimization of ad placement for its clients, the publishers selling their display space. While publishers do offer some level of input, such as the minimum price they&#39;d be willing to accept for their display space, it&#39;s PubMatic&#39;s programmatic ad platform that handles everything else.</p><p>What makes PubMatic such a no-brainer buy over the long term is the undeniable shift of advertising dollars to digital platforms. According to the company, global digital ad spend is expected to grow by an annual rate of 10% through 2024, with respective compound annual growth rates of 11%, 17%, and 11% for mobile, video, and connected TV (CTV)/over-the-top programmatic ads through mid-decade.</p><p>However, PubMatic&#39;s growth rate has consistently more than doubled industrywide estimates. In the third quarter alone, mobile and omnichannel video, which includes CTV, grew by 64% from the year-ago period. This digital omnichannel ad growth is precisely why PubMatic has reported four consecutive quarters of organic growth of at least 50%.</p><p>With the shift to digital ad spending picking up steam, PubMatic looks to be the best name to own in the programmatic ad space.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F660582%2Fa-key-unlocking-blockchain-digital-id-security-hacker-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>Ping Identity Holdings</h2><p>Another fast-paced small-cap stock with the ability to turn $100,000 into $1 million by 2030 is cybersecurity company <b>Ping Identity</b> (NYSE:PING).</p><p>Cybersecurity is what I believe will be the safest sustainable double-digit growth trend throughout the decade. With more businesses than ever moving their data into the cloud during the pandemic, demand for third-party solutions to safeguard this information has skyrocketed. Since hackers and robots don&#39;t take a day off, the solutions provided by Ping Identity and its peers have effectively become basic-need services.</p><p>As its name implies, Ping&#39;s cloud-based and artificial intelligence-driven platform is primarily focused on identity verification. It&#39;s particularly effective when layered with on-premises solutions to assist with continuous verifications, risk assessment, and authorization (all areas where on-premises solutions may come up short).</p><p>What makes Ping Identity such an incredible deal is the company&#39;s temporary underperformance during the initial stages of the pandemic. The uncertainty of the pandemic led some of its customers to choose shorter time frames for their term-based licenses in 2020. While that was bad news for Ping&#39;s short-term revenue growth, it didn&#39;t slow the company&#39;s annual recurring revenue (ARR) growth, which has averaged in the mid-to-high teens. Since nearly all of Ping&#39;s revenue is derived from subscriptions, ARR is a much better indicator of Ping&#39;s overall health.</p><p>Ping Identity is profitable and steadily shifting clients to its high-margin software-as-a-service cybersecurity solutions over time. That&#39;s a recipe for success.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F660582%2Fwoman-testing-server-data-center-network-wireless-iot-business-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>Fastly</h2><p>A fourth fast-growing company that can turn $100,000 into $1 million for investors by 2030 is edge cloud computing stock <b>Fastly</b> (NYSE:FSLY). The company is perhaps best known for being a content delivery network (i.e., it expedites the delivery of content to end users while maintaining/bolstering network security).</p><p>Similar to Teladoc, Fastly was creamed after the mid-February 2021 peak in growth stocks. Wall Street has been concerned with Fastly&#39;s wider-than-expected losses tied to higher head count and increased marketing expenses. Additionally, Fastly faced a backlash in June after a brief outage on its network disrupted service for a number of popular clients.</p><p>Although an outage isn&#39;t good news, this temporary disruption is now in the rearview mirror. More importantly, the outage hasn&#39;t cost Fastly its core clients. Third-quarter operating data showed sequential increases in enterprise customer count, average enterprise customer spend, and net retention rates.</p><p>Fastly&#39;s allure also has to do with its potential role in the metaverse. The metaverse is the next iteration of the internet, designed to let users interact with 3D virtual environments. One of the biggest challenges of the metaverse will be reducing latency and eliminating any lag following decisions or movements made in virtual worlds. Fastly&#39;s network should be leaned on heavily as the metaverse takes shape in the years to come.</p><p>With an adjusted gross margin that&#39;s consistently come in between 57% and 62%, Fastly is a good bet to net patient investors a whopper of a return over the long run.</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>4 Stocks That Can Turn $100,000 Into $1 Million by 2030</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Stocks That Can Turn $100,000 Into $1 Million by 2030\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-24 23:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/23/4-stocks-can-turn-100000-into-1-million-by-2030/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since the stock market bottomed out in March 2020, investors have enjoyed historic gains. It took less than 17 months for the broad-based S&P 500 to double from its bear market low. Furthermore, the ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/23/4-stocks-can-turn-100000-into-1-million-by-2030/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CTV":"Innovid","PING":"Ping Identity Holding","BK4504":"桥水持仓","BK4110":"抵押房地产投资信托","BK4534":"瑞士信贷持仓","BK4554":"元宇宙及AR概念","TDOC":"Teladoc Health Inc.","FSLY":"Fastly, Inc.","BK4009":"广告","BK4548":"巴美列捷福持仓","BK4167":"医疗保健技术","ARR":"ARMOUR住宅房地产公司","BK4567":"ESG概念","BK4097":"系统软件","PUBM":"PubMatic, Inc.","BK4116":"互联网服务与基础架构"},"source_url":"https://www.fool.com/investing/2022/01/23/4-stocks-can-turn-100000-into-1-million-by-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2205802723","content_text":"Since the stock market bottomed out in March 2020, investors have enjoyed historic gains. It took less than 17 months for the broad-based S&P 500 to double from its bear market low. Furthermore, the widely followed index came close to tripling its long-term average annual return in 2021.Despite this incredible outperformance, amazing deals remain. Patient investors who buy into innovative companies with clear-cut competitive advantages have a real chance to see their initial investment compound many times over.If you have cash ready to invest and are willing to let time be your ally, the following four stocks all have the tools to turn $100,000 into $1 million by 2030.Image source: Getty Images.Teladoc HealthThere's no sugarcoating it: telehealth giant Teladoc Health (NYSE:TDOC) was one of 2021's biggest disappointments. After skyrocketing during the initial stages of the coronavirus pandemic, concerns about larger-than-expected losses tied to its Livongo Health acquisition, as well as worries about slowing growth in an eventual post-pandemic world, pushed shares more than 70% below their all-time high.However, investors with time on their side can buy Teladoc Health now and take pride in owning a leading innovator in personalized care.The easiest way to tell that that telemedicine is here to stay is to look at Teladoc's sales growth prior to the pandemic. In the seven years leading up to the coronavirus outbreak, the company averaged annual sales growth of 74%. That's not a year or two of simply being in the right place at the right time. Sales growth this consistent signals a sustained shift in how treatment is being administered in the U.S.The great thing about telemedicine is that it provides benefits up and down the treatment chain. It's almost always more convenient for patients, and it can allow physicians easier access to chronically ill patients. This ease of access should result in improved patient outcomes and lower costs for health insurance companies. The latter is particularly important, as it could increase the likelihood that insurers will push for increased telehealth adoption in the years that lie ahead.What's more, the higher costs associated with Teladoc's buyout of leading applied health signals company Livongo Health won't carry over into its 2022 financial results. This means investors can focus on what's important -- i.e., Livongo's efforts to enroll more chronic-care members in its service.Teladoc has the solutions and innovation to be one of the fastest-growing healthcare stocks this decade.Image source: Getty Images.PubMaticA small-cap growth stock with large-cap aspirations that could realistically 10x investors' money by the turn of the decade is PubMatic (NASDAQ:PUBM).PubMatic operates as a cloud-based, sell-side programmatic ad platform. In simple terms, this means PubMatic's solutions handle the optimization of ad placement for its clients, the publishers selling their display space. While publishers do offer some level of input, such as the minimum price they'd be willing to accept for their display space, it's PubMatic's programmatic ad platform that handles everything else.What makes PubMatic such a no-brainer buy over the long term is the undeniable shift of advertising dollars to digital platforms. According to the company, global digital ad spend is expected to grow by an annual rate of 10% through 2024, with respective compound annual growth rates of 11%, 17%, and 11% for mobile, video, and connected TV (CTV)/over-the-top programmatic ads through mid-decade.However, PubMatic's growth rate has consistently more than doubled industrywide estimates. In the third quarter alone, mobile and omnichannel video, which includes CTV, grew by 64% from the year-ago period. This digital omnichannel ad growth is precisely why PubMatic has reported four consecutive quarters of organic growth of at least 50%.With the shift to digital ad spending picking up steam, PubMatic looks to be the best name to own in the programmatic ad space.Image source: Getty Images.Ping Identity HoldingsAnother fast-paced small-cap stock with the ability to turn $100,000 into $1 million by 2030 is cybersecurity company Ping Identity (NYSE:PING).Cybersecurity is what I believe will be the safest sustainable double-digit growth trend throughout the decade. With more businesses than ever moving their data into the cloud during the pandemic, demand for third-party solutions to safeguard this information has skyrocketed. Since hackers and robots don't take a day off, the solutions provided by Ping Identity and its peers have effectively become basic-need services.As its name implies, Ping's cloud-based and artificial intelligence-driven platform is primarily focused on identity verification. It's particularly effective when layered with on-premises solutions to assist with continuous verifications, risk assessment, and authorization (all areas where on-premises solutions may come up short).What makes Ping Identity such an incredible deal is the company's temporary underperformance during the initial stages of the pandemic. The uncertainty of the pandemic led some of its customers to choose shorter time frames for their term-based licenses in 2020. While that was bad news for Ping's short-term revenue growth, it didn't slow the company's annual recurring revenue (ARR) growth, which has averaged in the mid-to-high teens. Since nearly all of Ping's revenue is derived from subscriptions, ARR is a much better indicator of Ping's overall health.Ping Identity is profitable and steadily shifting clients to its high-margin software-as-a-service cybersecurity solutions over time. That's a recipe for success.Image source: Getty Images.FastlyA fourth fast-growing company that can turn $100,000 into $1 million for investors by 2030 is edge cloud computing stock Fastly (NYSE:FSLY). The company is perhaps best known for being a content delivery network (i.e., it expedites the delivery of content to end users while maintaining/bolstering network security).Similar to Teladoc, Fastly was creamed after the mid-February 2021 peak in growth stocks. Wall Street has been concerned with Fastly's wider-than-expected losses tied to higher head count and increased marketing expenses. Additionally, Fastly faced a backlash in June after a brief outage on its network disrupted service for a number of popular clients.Although an outage isn't good news, this temporary disruption is now in the rearview mirror. More importantly, the outage hasn't cost Fastly its core clients. Third-quarter operating data showed sequential increases in enterprise customer count, average enterprise customer spend, and net retention rates.Fastly's allure also has to do with its potential role in the metaverse. The metaverse is the next iteration of the internet, designed to let users interact with 3D virtual environments. One of the biggest challenges of the metaverse will be reducing latency and eliminating any lag following decisions or movements made in virtual worlds. Fastly's network should be leaned on heavily as the metaverse takes shape in the years to come.With an adjusted gross margin that's consistently come in between 57% and 62%, Fastly is a good bet to net patient investors a whopper of a return over the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030738956,"gmtCreate":1645804681281,"gmtModify":1676534066237,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030738956","repostId":"2214974048","repostType":4,"repost":{"id":"2214974048","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":1645802130,"share":"https://ttm.financial/m/news/2214974048?lang=&edition=fundamental","pubTime":"2022-02-25 23:15","market":"us","language":"en","title":"Stock Market Stages Epic Turnaround after Russia Invaded Ukraine. Here Are 3 Reasons for the Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=2214974048","media":"Dow Jones","summary":"Investors also could be bargain hunting, or buying the dip, which is a risky proposition because the developments in Kyiv aren't yet clear and could evolve into Moscow targeting neighboring countries, if he is bent on restoring Soviet-era bloc in Eastern Europe.\"It is a pretty remarkable turnaround through,\" Randy Frederick, managing director at Schwab Center for Financial Research, told MarketWatch.Schwab's Liz Ann Sonders told CNBC that she doesn't think the market is out of the woods but beli","content":"<html><head></head><body><p>U.S. stock-market investors shook off an unprovoked Russian invasion of Ukraine to end decidedly in positive territory on Thursday.</p><p>The Nasdaq Composite Index, for example, had fallen by 3.45% at its lows of the session but clawed back to a gain of over 3%, driven higher by large-capitalization information technology stocks and notable gains in the cybersecurity sector.</p><p>The last time the tech-heavy index staged a comeback of this magnitude was Jan. 24, 2022 when it fell 4.90% at its low, but closed up 0.63%, according to Dow Jones Market Data.</p><p>In fact, there have only been eight trading sessions in which the Nasdaq Composite was down at least 3% on an intraday basis, but ended the day higher (not including today).</p><p>The Nasdaq Composite&#39;s turnaround also reflect a broader reversal from a very bearish tone for markets for the S&amp;P 500 and the Dow Jones Industrial Average , even if the index finished once again on the brink of correction territory. The Dow industrials were down 859.12 points at Thursday&#39;s nadir, or 2.6%, and the S&amp;P was down 2.55% at its lows.</p><p>Investors scooped up shares in the tech sector and communication services, both up by around 2.8%, at last check. Gains there contributed to the bounce back, which also saw yields for the 10-year Treasury note rise to 1.969, after hitting a low around 1.85%.</p><p>So why the turnaround?</p><h2>Not so SWIFT</h2><p>The frenzied action on Wall Street came after Russian President Vladimir Putin ordered special operations into Ukraine. The U.S. and most of the international community declared the move an invasion and leveled further sanctions against, Moscow, including fresh sanctions from the U.S., including those on Russian banks, the country&#39;s elites and its largest state-owned enterprises.</p><p>&#34;Putin is the aggressor. Putin chose this war, and now he and his country will bear the consequences,&#34; President Biden said during a speech at the White House Thursday afternoon.</p><p>Market participants, however, may have taken solace in the fact that Biden hasn&#39;t yet booted Russia out of the SWIFT payment network. SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is a payments-related messaging service that helps banks world-wide execute financial transactions.</p><p>Although, such a move may come, keeping Russia in the Swift network may avoid hurting other members of the network that, which could have hurt some economies in Europe.</p><h2>Buy the dip?</h2><p>Investors also could be bargain hunting, or buying the dip, which is a risky proposition because the developments in Kyiv aren&#39;t yet clear and could evolve into Moscow targeting neighboring countries, if he is bent on restoring Soviet-era bloc in Eastern Europe.</p><p>&#34;It is a pretty remarkable turnaround through,&#34; Randy Frederick, managing director at Schwab Center for Financial Research, told MarketWatch.</p><p>Schwab&#39;s Liz Ann Sonders told CNBC that she doesn&#39;t think the market is out of the woods but believed that algorithmic, or computer-driven, trading may have contributing to the reversal. It is probably some version of &#34;buy the rumor sell the fact,&#34; she said.</p><h2>The technicals</h2><p>Investors might also have responded to so-called oversold conditions present in the market that ultimately gave way to a flurry of technical buying. Near midday Thursday, the Arms Index, which is a volume-weighted breadth measure, suggests there is no panic in the stock market&#39;s selloff with signs of opportunistic buying emerging even at that point.</p><p>MarketWatch&#39;s Tomi Kilgore noted that earlier this week that the Relative Strength Index, or RSI, a momentum indicator that measures the magnitude of recent gains against the magnitude of recent declines, was still above its January low for the S&amp;P 500, despite a slide into correction.</p><p>He wrote that when prices make new lows but underlying technicals make higher lows is referred to as &#34;bullish divergence,&#34; and suggested a downtrend may be running out of steam.</p><p>Kilgore notes that another positive sign from the RSI indicator is that it remained above what many chart watchers view as the oversold threshold of 30.</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 Market Stages Epic Turnaround after Russia Invaded Ukraine. Here Are 3 Reasons for the Rebound</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 Market Stages Epic Turnaround after Russia Invaded Ukraine. Here Are 3 Reasons for the Rebound\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\">2022-02-25 23:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock-market investors shook off an unprovoked Russian invasion of Ukraine to end decidedly in positive territory on Thursday.</p><p>The Nasdaq Composite Index, for example, had fallen by 3.45% at its lows of the session but clawed back to a gain of over 3%, driven higher by large-capitalization information technology stocks and notable gains in the cybersecurity sector.</p><p>The last time the tech-heavy index staged a comeback of this magnitude was Jan. 24, 2022 when it fell 4.90% at its low, but closed up 0.63%, according to Dow Jones Market Data.</p><p>In fact, there have only been eight trading sessions in which the Nasdaq Composite was down at least 3% on an intraday basis, but ended the day higher (not including today).</p><p>The Nasdaq Composite&#39;s turnaround also reflect a broader reversal from a very bearish tone for markets for the S&amp;P 500 and the Dow Jones Industrial Average , even if the index finished once again on the brink of correction territory. The Dow industrials were down 859.12 points at Thursday&#39;s nadir, or 2.6%, and the S&amp;P was down 2.55% at its lows.</p><p>Investors scooped up shares in the tech sector and communication services, both up by around 2.8%, at last check. Gains there contributed to the bounce back, which also saw yields for the 10-year Treasury note rise to 1.969, after hitting a low around 1.85%.</p><p>So why the turnaround?</p><h2>Not so SWIFT</h2><p>The frenzied action on Wall Street came after Russian President Vladimir Putin ordered special operations into Ukraine. The U.S. and most of the international community declared the move an invasion and leveled further sanctions against, Moscow, including fresh sanctions from the U.S., including those on Russian banks, the country&#39;s elites and its largest state-owned enterprises.</p><p>&#34;Putin is the aggressor. Putin chose this war, and now he and his country will bear the consequences,&#34; President Biden said during a speech at the White House Thursday afternoon.</p><p>Market participants, however, may have taken solace in the fact that Biden hasn&#39;t yet booted Russia out of the SWIFT payment network. SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is a payments-related messaging service that helps banks world-wide execute financial transactions.</p><p>Although, such a move may come, keeping Russia in the Swift network may avoid hurting other members of the network that, which could have hurt some economies in Europe.</p><h2>Buy the dip?</h2><p>Investors also could be bargain hunting, or buying the dip, which is a risky proposition because the developments in Kyiv aren&#39;t yet clear and could evolve into Moscow targeting neighboring countries, if he is bent on restoring Soviet-era bloc in Eastern Europe.</p><p>&#34;It is a pretty remarkable turnaround through,&#34; Randy Frederick, managing director at Schwab Center for Financial Research, told MarketWatch.</p><p>Schwab&#39;s Liz Ann Sonders told CNBC that she doesn&#39;t think the market is out of the woods but believed that algorithmic, or computer-driven, trading may have contributing to the reversal. It is probably some version of &#34;buy the rumor sell the fact,&#34; she said.</p><h2>The technicals</h2><p>Investors might also have responded to so-called oversold conditions present in the market that ultimately gave way to a flurry of technical buying. Near midday Thursday, the Arms Index, which is a volume-weighted breadth measure, suggests there is no panic in the stock market&#39;s selloff with signs of opportunistic buying emerging even at that point.</p><p>MarketWatch&#39;s Tomi Kilgore noted that earlier this week that the Relative Strength Index, or RSI, a momentum indicator that measures the magnitude of recent gains against the magnitude of recent declines, was still above its January low for the S&amp;P 500, despite a slide into correction.</p><p>He wrote that when prices make new lows but underlying technicals make higher lows is referred to as &#34;bullish divergence,&#34; and suggested a downtrend may be running out of steam.</p><p>Kilgore notes that another positive sign from the RSI indicator is that it remained above what many chart watchers view as the oversold threshold of 30.</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":"2214974048","content_text":"U.S. stock-market investors shook off an unprovoked Russian invasion of Ukraine to end decidedly in positive territory on Thursday.The Nasdaq Composite Index, for example, had fallen by 3.45% at its lows of the session but clawed back to a gain of over 3%, driven higher by large-capitalization information technology stocks and notable gains in the cybersecurity sector.The last time the tech-heavy index staged a comeback of this magnitude was Jan. 24, 2022 when it fell 4.90% at its low, but closed up 0.63%, according to Dow Jones Market Data.In fact, there have only been eight trading sessions in which the Nasdaq Composite was down at least 3% on an intraday basis, but ended the day higher (not including today).The Nasdaq Composite's turnaround also reflect a broader reversal from a very bearish tone for markets for the S&P 500 and the Dow Jones Industrial Average , even if the index finished once again on the brink of correction territory. The Dow industrials were down 859.12 points at Thursday's nadir, or 2.6%, and the S&P was down 2.55% at its lows.Investors scooped up shares in the tech sector and communication services, both up by around 2.8%, at last check. Gains there contributed to the bounce back, which also saw yields for the 10-year Treasury note rise to 1.969, after hitting a low around 1.85%.So why the turnaround?Not so SWIFTThe frenzied action on Wall Street came after Russian President Vladimir Putin ordered special operations into Ukraine. The U.S. and most of the international community declared the move an invasion and leveled further sanctions against, Moscow, including fresh sanctions from the U.S., including those on Russian banks, the country's elites and its largest state-owned enterprises.\"Putin is the aggressor. Putin chose this war, and now he and his country will bear the consequences,\" President Biden said during a speech at the White House Thursday afternoon.Market participants, however, may have taken solace in the fact that Biden hasn't yet booted Russia out of the SWIFT payment network. SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is a payments-related messaging service that helps banks world-wide execute financial transactions.Although, such a move may come, keeping Russia in the Swift network may avoid hurting other members of the network that, which could have hurt some economies in Europe.Buy the dip?Investors also could be bargain hunting, or buying the dip, which is a risky proposition because the developments in Kyiv aren't yet clear and could evolve into Moscow targeting neighboring countries, if he is bent on restoring Soviet-era bloc in Eastern Europe.\"It is a pretty remarkable turnaround through,\" Randy Frederick, managing director at Schwab Center for Financial Research, told MarketWatch.Schwab's Liz Ann Sonders told CNBC that she doesn't think the market is out of the woods but believed that algorithmic, or computer-driven, trading may have contributing to the reversal. It is probably some version of \"buy the rumor sell the fact,\" she said.The technicalsInvestors might also have responded to so-called oversold conditions present in the market that ultimately gave way to a flurry of technical buying. Near midday Thursday, the Arms Index, which is a volume-weighted breadth measure, suggests there is no panic in the stock market's selloff with signs of opportunistic buying emerging even at that point.MarketWatch's Tomi Kilgore noted that earlier this week that the Relative Strength Index, or RSI, a momentum indicator that measures the magnitude of recent gains against the magnitude of recent declines, was still above its January low for the S&P 500, despite a slide into correction.He wrote that when prices make new lows but underlying technicals make higher lows is referred to as \"bullish divergence,\" and suggested a downtrend may be running out of steam.Kilgore notes that another positive sign from the RSI indicator is that it remained above what many chart watchers view as the oversold threshold of 30.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001173404,"gmtCreate":1641203390601,"gmtModify":1676533582428,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Hmm.","listText":"Hmm.","text":"Hmm.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001173404","repostId":"2200403714","repostType":4,"repost":{"id":"2200403714","pubTimestamp":1641163785,"share":"https://ttm.financial/m/news/2200403714?lang=&edition=fundamental","pubTime":"2022-01-03 06:49","market":"us","language":"en","title":"December jobs report, Federal Reserve meeting minutes, CES: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2200403714","media":"Yahoo Finance","summary":"Investors can expect a busy first week of 2022, laden with key economic releases out of Washington t","content":"<html><head></head><body><p>Investors can expect a busy first week of 2022, laden with key economic releases out of Washington that include the highly-anticipated December jobs report and minutes from the Federal Open Market Committee’s (FOMC) latest policy-setting meeting.</p><p>It was a hectic final month of 2021 for markets, stocks rallied to new highs and the action could pour into the new year’s opening week of trading with a boost from what is known as the “January Effect” — the perception of a seasonal rise in U.S. equities during the first month of the year.</p><p>Wall Street attributes the theory to an increase in purchasing following the drop in prices that occurs in December when investors sell positions that have declined in order to take the capital loss in that calendar year&#39;s taxes. Some also think the anomaly is the result of traders using year-end cash bonuses to purchase equities the following month.</p><p>Employment data will be in the spotlight this week. The Department of Labor’s monthly jobs report due for release on Friday will offer an updated look at the strength of hiring and labor force participation — important measures of the U.S. economy, made even more consequential in recent weeks amid a backdrop of rising COVID-19 cases as investors look to assess the impact of the the latest Omicron-driven wave.</p><p>Consensus economist estimates suggest that about 400,000 jobs were added in December, with the pace of hiring nearly doubling from the fewer-than-expected 210,000 recorded in November, when forecasts predicted a half-million new jobs to return. The unemployment rate is also expected to improve further to 4.1% from 4.3% in November when it ticked down to the lowest read since March 2020.</p><p>Although the pace of non-farm payrolls is projected to have risen in December, the downside risk to estimates may be “sizable.”</p><p>“COVID caseloads have been on the rise since November, and news that Omicron could be more infectious than previous variants circulated widely during the December survey period,” Bloomberg economists wrote in a note. “Given how often households have cited fear of COVID or care-taking needs related to COVID as the most important reasons for staying out of the job market, the emergence of the Omicron variant could continue to discourage them.”</p><p>Despite steady rehiring since the peak of the pandemic, labor force participation remains short of pre-virus levels. The civilian labor force was down by about 2.4 million participants as of November, compared to February 2020. Labor issues are also fueling surging inflation levels, as companies large and small face logistical challenges, including rising business costs and supply chain bottlenecks caused by a shortage of workers.</p><p>“This severe labor market shortage — more than any other economic factor — is accounting for a massive breakdown in the normally well-oiled global supply chain,” experts at Wilmington Trust said in their 2022 Capital Markets Outlook. “Labor participation and how firms deal with global resource disorder will likely determine the path for inflation, which is the critical consideration for investors in 2022.”</p><p><img src=\"https://static.tigerbbs.com/792826db78c3c5bac082a3cd1bbe34c2\" tg-width=\"818\" tg-height=\"685\" referrerpolicy=\"no-referrer\"/></p><p>With inflation at the forefront, investors will also set their sights on the Federal Reserve as it looks to raise interest rates this year to offset swelling price levels. The pace of these hikes will determine the stock market’s path forward in the new year.</p><p>Minutes from the FOMC’s Dec. 15 policy-setting meeting, due out Wednesday, could give investors a better picture of where policymakers see interest rates going in 2022.</p><p>Fed officials indicated last month that all 18 members predict at least one 25 basis point hike next year, with the median member forecasting three rate hikes before 2022 is over. The next FOMC meeting is scheduled to take place on Jan. 25 and 26.</p><p>“What’s not changed is the focus on inflation, that’s the biggest risk,” Brigg Macadam founding partner Greg Swenson told Yahoo Finance Live, adding that the Fed changing its tone is “too little, too late.”</p><p>“They are still, by most measures, quite dovish, even with the tapering of bond purchases and the market pricing in three hikes next year, you’ll still have dramatically negative real rates,” he said. “I wouldn’t call that a hawkish Fed — maybe their tone has changed a little bit and they have definitely stopped using the word ‘transitory,’ they have all but admitted that they missed inflation and underestimated it.”</p><p>Although earnings season doesn’t fully commence until around mid-month, several notable off-cycle reports are due out this week, including ones from Jefferies, Bed Bath &amp; Beyond, and Walgreens.</p><p>CES, the Consumer Technology Association&#39;s iconic consumer electronics show will also take place from Jan. 5-7 in Las Vegas, but will end one day earlier than initially planned due to fast-spreading cases of COVID-19. The event may also have a light crowd, with some usual, big name attendees like Apple, Alphabet and Facebook&#39;s parent Meta dropping their plans to attend in-person under the circumstances.</p><h2>Economic calendar</h2><ul><li><p><b>Monday:</b> Markit US Manufacturing PMI, December final (57.7 estimated, 57.8 prior); Construction Spending, month over month, November (0.7% estimated, 0.2% prior month)</p></li><li><p><b>Tuesday:</b> ISM New Orders, December (61.5% prior month); ISM Prices Paid, December (79.3 estimated, 82.4 prior month); ISM Manufacturing, December (60.2 estimated, 61.1) prior month); ISM Employment, December (53.3 prior month); JOLTS job openings, November (11,033,000 prior month); WARDS Total Vehicle Sales, December (13,100,000 expected, 12,860,000 prior month)</p></li><li><p><b>Wednesday:</b> MBA Mortgage Applications, week ended Dec. 31 (-0.6% during prior week); ADP Employment Change, December (360,000 expected, 534,000 during prior month); Markit US Composite PMI, December final (56.9 prior month); Markit US Services PMI, December final (57.5 expected, 57.5 prior month); FOMC Meeting Minutes, December 15</p></li><li><p><b>Thursday: </b>Challenger Job Cuts, year over year, December (-77% prior); Trade Balance, November (-$74,000,000,000 expected, -$67,000,000,000); Initial Jobless Claims, week ended January 1 (199,000 expected, 198,000 during prior week) Continuing Claims, week ended January 1 (1,715,000 expected, 1,716,000 prior week); Langer Consumer Comfort, January 2 (47.9 prior); Factory Orders excluding transportation, November (1.6% prior); Factory Orders, November (1.5% expected, 1.0% prior) ISM Services Index, December (67.0 expected, 69.1 prior); Durable Goods Orders, November final (2.5% prior); Durable Goods Excluding Transportation, November final (0.8% prior); Capital Goods Orders Nondefense Excluding Aircrafts, November final (-0.1%); Capital Goods Shipments Nondefense Excluding Aircrafts, November final (0.3%)</p></li><li><p><b>Friday:</b> Revisions – Employment Report, Household Survey; Two-Month Payroll Net Revision, December (82,000 prior); Change in Nonfarm Payrolls, December (400,000 expected, 210,000 prior month); Change in Private Payrolls, December (370,000 expected, 235,000 prior month); Change in Manufacturing Payrolls, December (33,000 expected, 31,000 prior month); Unemployment Rate, December (4.1 expected, 4.3% prior); Average Hourly Earnings, month over month, December (0.4% expected, 0.3% prior month); Average Hourly Earnings, year over year (4.2% expected, 4.8% prior month); Average Weekly Hours All Employees, December (34.8 expected, 34.8 prior month); Labor Force Participation Rate, December (61.9% expected, 61.8% prior month); Underemployment Rate, December (7.8% prior month); Consumer Credit, November (22,500,000,000 expected, 16,897,000,000 prior month)</p></li></ul><h2>Earnings calendar</h2><ul><li><p><b>Monday:</b> <i>No notable reports scheduled for release</i></p></li><li><p><b>Tuesday:</b> Jefferies Financial Group (JEF), <a href=\"https://laohu8.com/S/MLKN\">MillerKnoll</a> (MLKN) after market close</p></li><li><p><b>Wednesday:</b> <a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a> Inc. (MULN)</p></li><li><p><b>Thursday</b>: Bed Bath &amp; Beyond Inc. (BBY) before market open, <a href=\"https://laohu8.com/S/STZ\">Constellation Brands Inc</a>. (STZ) before market open, <a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a> (WBA) before market opens, PriceSmart (PSMT) after market close</p></li><li><p><b>Friday: </b><i>No notable reports scheduled for release</i></p></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>December jobs report, Federal Reserve meeting minutes, CES: 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; 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\">\nDecember jobs report, Federal Reserve meeting minutes, CES: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 06:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/december-jobs-report-fomc-meeting-minutes-what-to-know-this-week-171353443.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors can expect a busy first week of 2022, laden with key economic releases out of Washington that include the highly-anticipated December jobs report and minutes from the Federal Open Market ...</p>\n\n<a href=\"https://finance.yahoo.com/news/december-jobs-report-fomc-meeting-minutes-what-to-know-this-week-171353443.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4127":"投资银行业与经纪业","BK4169":"酿酒商与葡萄酒商","SPY.AU":"SPDR® S&P 500® ETF Trust","BBY":"百思买","BK4567":"ESG概念","BK4128":"药品零售","BK4533":"AQR资本管理(全球第二大对冲基金)","FOMC":"FOMO CORP.","STZ":"星座品牌","MLKN":"MillerKnoll","BBBY":"3B家居","BK4077":"互动媒体与服务","MULN":"Mullen Automotive","JEF":"杰富瑞",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","BK4076":"电脑与电子产品零售",".SPX":"S&P 500 Index","PSMT":"普尔斯玛特","BK4143":"办公服务与用品","BK4155":"大卖场与超市","BK4504":"桥水持仓","WBA":"沃尔格林联合博姿"},"source_url":"https://finance.yahoo.com/news/december-jobs-report-fomc-meeting-minutes-what-to-know-this-week-171353443.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200403714","content_text":"Investors can expect a busy first week of 2022, laden with key economic releases out of Washington that include the highly-anticipated December jobs report and minutes from the Federal Open Market Committee’s (FOMC) latest policy-setting meeting.It was a hectic final month of 2021 for markets, stocks rallied to new highs and the action could pour into the new year’s opening week of trading with a boost from what is known as the “January Effect” — the perception of a seasonal rise in U.S. equities during the first month of the year.Wall Street attributes the theory to an increase in purchasing following the drop in prices that occurs in December when investors sell positions that have declined in order to take the capital loss in that calendar year's taxes. Some also think the anomaly is the result of traders using year-end cash bonuses to purchase equities the following month.Employment data will be in the spotlight this week. The Department of Labor’s monthly jobs report due for release on Friday will offer an updated look at the strength of hiring and labor force participation — important measures of the U.S. economy, made even more consequential in recent weeks amid a backdrop of rising COVID-19 cases as investors look to assess the impact of the the latest Omicron-driven wave.Consensus economist estimates suggest that about 400,000 jobs were added in December, with the pace of hiring nearly doubling from the fewer-than-expected 210,000 recorded in November, when forecasts predicted a half-million new jobs to return. The unemployment rate is also expected to improve further to 4.1% from 4.3% in November when it ticked down to the lowest read since March 2020.Although the pace of non-farm payrolls is projected to have risen in December, the downside risk to estimates may be “sizable.”“COVID caseloads have been on the rise since November, and news that Omicron could be more infectious than previous variants circulated widely during the December survey period,” Bloomberg economists wrote in a note. “Given how often households have cited fear of COVID or care-taking needs related to COVID as the most important reasons for staying out of the job market, the emergence of the Omicron variant could continue to discourage them.”Despite steady rehiring since the peak of the pandemic, labor force participation remains short of pre-virus levels. The civilian labor force was down by about 2.4 million participants as of November, compared to February 2020. Labor issues are also fueling surging inflation levels, as companies large and small face logistical challenges, including rising business costs and supply chain bottlenecks caused by a shortage of workers.“This severe labor market shortage — more than any other economic factor — is accounting for a massive breakdown in the normally well-oiled global supply chain,” experts at Wilmington Trust said in their 2022 Capital Markets Outlook. “Labor participation and how firms deal with global resource disorder will likely determine the path for inflation, which is the critical consideration for investors in 2022.”With inflation at the forefront, investors will also set their sights on the Federal Reserve as it looks to raise interest rates this year to offset swelling price levels. The pace of these hikes will determine the stock market’s path forward in the new year.Minutes from the FOMC’s Dec. 15 policy-setting meeting, due out Wednesday, could give investors a better picture of where policymakers see interest rates going in 2022.Fed officials indicated last month that all 18 members predict at least one 25 basis point hike next year, with the median member forecasting three rate hikes before 2022 is over. The next FOMC meeting is scheduled to take place on Jan. 25 and 26.“What’s not changed is the focus on inflation, that’s the biggest risk,” Brigg Macadam founding partner Greg Swenson told Yahoo Finance Live, adding that the Fed changing its tone is “too little, too late.”“They are still, by most measures, quite dovish, even with the tapering of bond purchases and the market pricing in three hikes next year, you’ll still have dramatically negative real rates,” he said. “I wouldn’t call that a hawkish Fed — maybe their tone has changed a little bit and they have definitely stopped using the word ‘transitory,’ they have all but admitted that they missed inflation and underestimated it.”Although earnings season doesn’t fully commence until around mid-month, several notable off-cycle reports are due out this week, including ones from Jefferies, Bed Bath & Beyond, and Walgreens.CES, the Consumer Technology Association's iconic consumer electronics show will also take place from Jan. 5-7 in Las Vegas, but will end one day earlier than initially planned due to fast-spreading cases of COVID-19. The event may also have a light crowd, with some usual, big name attendees like Apple, Alphabet and Facebook's parent Meta dropping their plans to attend in-person under the circumstances.Economic calendarMonday: Markit US Manufacturing PMI, December final (57.7 estimated, 57.8 prior); Construction Spending, month over month, November (0.7% estimated, 0.2% prior month)Tuesday: ISM New Orders, December (61.5% prior month); ISM Prices Paid, December (79.3 estimated, 82.4 prior month); ISM Manufacturing, December (60.2 estimated, 61.1) prior month); ISM Employment, December (53.3 prior month); JOLTS job openings, November (11,033,000 prior month); WARDS Total Vehicle Sales, December (13,100,000 expected, 12,860,000 prior month)Wednesday: MBA Mortgage Applications, week ended Dec. 31 (-0.6% during prior week); ADP Employment Change, December (360,000 expected, 534,000 during prior month); Markit US Composite PMI, December final (56.9 prior month); Markit US Services PMI, December final (57.5 expected, 57.5 prior month); FOMC Meeting Minutes, December 15Thursday: Challenger Job Cuts, year over year, December (-77% prior); Trade Balance, November (-$74,000,000,000 expected, -$67,000,000,000); Initial Jobless Claims, week ended January 1 (199,000 expected, 198,000 during prior week) Continuing Claims, week ended January 1 (1,715,000 expected, 1,716,000 prior week); Langer Consumer Comfort, January 2 (47.9 prior); Factory Orders excluding transportation, November (1.6% prior); Factory Orders, November (1.5% expected, 1.0% prior) ISM Services Index, December (67.0 expected, 69.1 prior); Durable Goods Orders, November final (2.5% prior); Durable Goods Excluding Transportation, November final (0.8% prior); Capital Goods Orders Nondefense Excluding Aircrafts, November final (-0.1%); Capital Goods Shipments Nondefense Excluding Aircrafts, November final (0.3%)Friday: Revisions – Employment Report, Household Survey; Two-Month Payroll Net Revision, December (82,000 prior); Change in Nonfarm Payrolls, December (400,000 expected, 210,000 prior month); Change in Private Payrolls, December (370,000 expected, 235,000 prior month); Change in Manufacturing Payrolls, December (33,000 expected, 31,000 prior month); Unemployment Rate, December (4.1 expected, 4.3% prior); Average Hourly Earnings, month over month, December (0.4% expected, 0.3% prior month); Average Hourly Earnings, year over year (4.2% expected, 4.8% prior month); Average Weekly Hours All Employees, December (34.8 expected, 34.8 prior month); Labor Force Participation Rate, December (61.9% expected, 61.8% prior month); Underemployment Rate, December (7.8% prior month); Consumer Credit, November (22,500,000,000 expected, 16,897,000,000 prior month)Earnings calendarMonday: No notable reports scheduled for releaseTuesday: Jefferies Financial Group (JEF), MillerKnoll (MLKN) after market closeWednesday: Mullen Automotive Inc. (MULN)Thursday: Bed Bath & Beyond Inc. (BBY) before market open, Constellation Brands Inc. (STZ) before market open, Walgreens Boots Alliance (WBA) before market opens, PriceSmart (PSMT) after market closeFriday: No notable reports scheduled for release","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112816971,"gmtCreate":1622859879293,"gmtModify":1704192580982,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/112816971","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","pubTimestamp":1622855773,"share":"https://ttm.financial/m/news/1106312903?lang=&edition=fundamental","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p>\n<ul>\n <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>\n <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>\n <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li>\n</ul>\n<p>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p>\n<p>Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MQ":"Marqeta, Inc.",".SPX":"S&P 500 Index","ZME":"掌门教育","BZ":"BOSS直聘","ZETA":"Zeta Global Holdings Corp.","LFST":"LifeStance Health Group, Inc.",".DJI":"道琼斯","DIBS":"1stdibs.com Inc.","TASK":"TaskUs Inc.","MNDY":"Monday.com Ltd.",".IXIC":"NASDAQ Composite"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035768937,"gmtCreate":1647689787956,"gmtModify":1676534258740,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035768937","repostId":"2220777059","repostType":4,"repost":{"id":"2220777059","pubTimestamp":1647653153,"share":"https://ttm.financial/m/news/2220777059?lang=&edition=fundamental","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":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033095019,"gmtCreate":1646146084637,"gmtModify":1676534095819,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033095019","repostId":"1145462483","repostType":4,"repost":{"id":"1145462483","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":1646144739,"share":"https://ttm.financial/m/news/1145462483?lang=&edition=fundamental","pubTime":"2022-03-01 22:25","market":"us","language":"en","title":"What 9 Analyst Ratings Have To Say About Zoom Video Communications","url":"https://stock-news.laohu8.com/highlight/detail?id=1145462483","media":"Benzinga","summary":"Zoom Video Communications (NASDAQ:ZM) has observed the following analyst ratings within the last qua","content":"<html><head></head><body><p>Zoom Video Communications (NASDAQ:ZM) has observed the following analyst ratings within the last quarter:</p><p><img src=\"https://static.tigerbbs.com/c9e805ea447bae820f9fc69408fc4137\" tg-width=\"928\" tg-height=\"329\" width=\"100%\" height=\"auto\"/></p><p>These 9 analysts have an average price target of $180.44 versus the current price of Zoom Video Communications at $132.6, implying upside.</p><p>Below is a summary of how these 9 analysts rated Zoom Video Communications over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock.</p><p><img src=\"https://static.tigerbbs.com/e69ed0f758731f4ac0a3c47bef668145\" tg-width=\"700\" tg-height=\"500\" width=\"100%\" height=\"auto\"/></p><p>This current average has decreased by 32.24% from the previous average price target of $266.29.</p><p><b>How Are Analyst Ratings Determined?</b></p><p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.</p><p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p><p>This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.</p><p><b>Latest Ratings for ZM</b></p><p><img src=\"https://static.tigerbbs.com/32f489e7dfa62a7e6b3e7576bb4ee4d2\" tg-width=\"1030\" tg-height=\"155\" 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>What 9 Analyst Ratings Have To Say About Zoom Video Communications</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat 9 Analyst Ratings Have To Say About Zoom Video Communications\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\">2022-03-01 22:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Zoom Video Communications (NASDAQ:ZM) has observed the following analyst ratings within the last quarter:</p><p><img src=\"https://static.tigerbbs.com/c9e805ea447bae820f9fc69408fc4137\" tg-width=\"928\" tg-height=\"329\" width=\"100%\" height=\"auto\"/></p><p>These 9 analysts have an average price target of $180.44 versus the current price of Zoom Video Communications at $132.6, implying upside.</p><p>Below is a summary of how these 9 analysts rated Zoom Video Communications over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock.</p><p><img src=\"https://static.tigerbbs.com/e69ed0f758731f4ac0a3c47bef668145\" tg-width=\"700\" tg-height=\"500\" width=\"100%\" height=\"auto\"/></p><p>This current average has decreased by 32.24% from the previous average price target of $266.29.</p><p><b>How Are Analyst Ratings Determined?</b></p><p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.</p><p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p><p>This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.</p><p><b>Latest Ratings for ZM</b></p><p><img src=\"https://static.tigerbbs.com/32f489e7dfa62a7e6b3e7576bb4ee4d2\" tg-width=\"1030\" tg-height=\"155\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145462483","content_text":"Zoom Video Communications (NASDAQ:ZM) has observed the following analyst ratings within the last quarter:These 9 analysts have an average price target of $180.44 versus the current price of Zoom Video Communications at $132.6, implying upside.Below is a summary of how these 9 analysts rated Zoom Video Communications over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock.This current average has decreased by 32.24% from the previous average price target of $266.29.How Are Analyst Ratings Determined?Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.This article was generated by Benzinga's automated content engine and reviewed by an editor.Latest Ratings for ZM","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166881662,"gmtCreate":1624001952356,"gmtModify":1703826230411,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Wow. Like and comment pls&nbsp;","listText":"Wow. Like and comment pls&nbsp;","text":"Wow. Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/166881662","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","pubTimestamp":1623978463,"share":"https://ttm.financial/m/news/1175693382?lang=&edition=fundamental","pubTime":"2021-06-18 09:07","market":"us","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is probably the most undervalued growth stock right now.</li>\n <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>\n <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>\n <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p>\n<p><b>The Technical Thesis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p>\n<p>Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p>\n<p><b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p>\n<p>BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p>\n<p>Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p>\n<p>When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p>\n<p>Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p>\n<p>One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p>\n<p>Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p>\n<p>Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p>\n<p>We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p>\n<p>BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p>\n<p>Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p>\n<p><b>BABA's Valuations Look Highly Compelling</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p>\n<p>When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p>\n<p>By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p>\n<p><b>Risks to Assumptions</b></p>\n<p>Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p>\n<p><b>Wrapping It All Up</b></p>\n<p>Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</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>Alibaba Stock: The Bottoming Process Looks To Be Forming Already</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short...</p>\n\n<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575040910386797","authorId":"3575040910386797","name":"trollololol","avatar":"https://static.tigerbbs.com/bb3709f9470a5163c6c7031ab692e8c9","crmLevel":4,"crmLevelSwitch":0,"idStr":"3575040910386797","authorIdStr":"3575040910386797"},"content":"like and reply please","text":"like and reply please","html":"like and reply please"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039800867,"gmtCreate":1645987976210,"gmtModify":1676534079185,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039800867","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://ttm.financial/m/news/1125580913?lang=&edition=fundamental","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.A":"伯克希尔","BRK.B":"伯克希尔B"},"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":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006998797,"gmtCreate":1641569348360,"gmtModify":1676533630401,"author":{"id":"3582008604601169","authorId":"3582008604601169","name":"lynnnn","avatar":"https://static.tigerbbs.com/7a8128e7f7be274add1e5f07ea779c0f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582008604601169","authorIdStr":"3582008604601169"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006998797","repostId":"1123889348","repostType":4,"repost":{"id":"1123889348","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":1641566663,"share":"https://ttm.financial/m/news/1123889348?lang=&edition=fundamental","pubTime":"2022-01-07 22:44","market":"us","language":"en","title":"Absci Soared 38% in Morning Trading as It Announced Research Collaboration with Merck","url":"https://stock-news.laohu8.com/highlight/detail?id=1123889348","media":"Tiger Newspress","summary":"Absci soared 38% in morning trading as it announced research collaboration with Merck.Absci Corporat","content":"<html><head></head><body><p>Absci soared 38% in morning trading as it announced research collaboration with Merck.<img src=\"https://static.tigerbbs.com/e7cf185cd1dc324398a44d545de532b7\" tg-width=\"1115\" tg-height=\"754\" width=\"100%\" height=\"auto\"/>Absci Corporation (Nasdaq: ABSI), the drug and target discovery company harnessing deep learning AI and synthetic biology to expand the therapeutic potential of proteins, today announced that it has entered into a research collaboration with Merck (known as MSD outside the United States and Canada), using Absci’s AI-powered Integrated Drug Creation™ Platform.</p><p>Under the collaboration, Absci will deploy its Bionic Protein™ non-standard amino acid technology to produce enzymes tailored to Merck’s biomanufacturing applications and receive an upfront and certain other milestone payments. In addition, Merck has the option to nominate up to three targets and enter into a drug discovery collaboration agreement, and Absci would then be eligible to receive up to $610 million in upfront fees and milestone payments for all three targets, as well as research funding and tiered royalties on sales.</p><p>Sean McClain, founder and CEO of Absci, commented, “We are very pleased to establish this collaboration with Merck and to be working with its world class research organization to generate novel enzymes. We look forward to applying our AI-driven platform to create new biologic candidates with the potential to meaningfully improve the lives of patients.”</p><p>“At Merck we are continually evaluating new ways to build, expand and refine our biologics capabilities,” said Dr. Fiona Marshall, senior vice president and head of discovery, preclinical and translation medicine, Merck Research Laboratories. “Absci’s platform offers a compelling opportunity to design new biologic candidates and explore the expression of complex proteins.”</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>Absci Soared 38% in Morning Trading as It Announced Research Collaboration with Merck</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\">\nAbsci Soared 38% in Morning Trading as It Announced Research Collaboration with Merck\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\">2022-01-07 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Absci soared 38% in morning trading as it announced research collaboration with Merck.<img src=\"https://static.tigerbbs.com/e7cf185cd1dc324398a44d545de532b7\" tg-width=\"1115\" tg-height=\"754\" width=\"100%\" height=\"auto\"/>Absci Corporation (Nasdaq: ABSI), the drug and target discovery company harnessing deep learning AI and synthetic biology to expand the therapeutic potential of proteins, today announced that it has entered into a research collaboration with Merck (known as MSD outside the United States and Canada), using Absci’s AI-powered Integrated Drug Creation™ Platform.</p><p>Under the collaboration, Absci will deploy its Bionic Protein™ non-standard amino acid technology to produce enzymes tailored to Merck’s biomanufacturing applications and receive an upfront and certain other milestone payments. In addition, Merck has the option to nominate up to three targets and enter into a drug discovery collaboration agreement, and Absci would then be eligible to receive up to $610 million in upfront fees and milestone payments for all three targets, as well as research funding and tiered royalties on sales.</p><p>Sean McClain, founder and CEO of Absci, commented, “We are very pleased to establish this collaboration with Merck and to be working with its world class research organization to generate novel enzymes. We look forward to applying our AI-driven platform to create new biologic candidates with the potential to meaningfully improve the lives of patients.”</p><p>“At Merck we are continually evaluating new ways to build, expand and refine our biologics capabilities,” said Dr. Fiona Marshall, senior vice president and head of discovery, preclinical and translation medicine, Merck Research Laboratories. “Absci’s platform offers a compelling opportunity to design new biologic candidates and explore the expression of complex proteins.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABSI":"Absci Corporation.","MRK":"默沙东"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123889348","content_text":"Absci soared 38% in morning trading as it announced research collaboration with Merck.Absci Corporation (Nasdaq: ABSI), the drug and target discovery company harnessing deep learning AI and synthetic biology to expand the therapeutic potential of proteins, today announced that it has entered into a research collaboration with Merck (known as MSD outside the United States and Canada), using Absci’s AI-powered Integrated Drug Creation™ Platform.Under the collaboration, Absci will deploy its Bionic Protein™ non-standard amino acid technology to produce enzymes tailored to Merck’s biomanufacturing applications and receive an upfront and certain other milestone payments. In addition, Merck has the option to nominate up to three targets and enter into a drug discovery collaboration agreement, and Absci would then be eligible to receive up to $610 million in upfront fees and milestone payments for all three targets, as well as research funding and tiered royalties on sales.Sean McClain, founder and CEO of Absci, commented, “We are very pleased to establish this collaboration with Merck and to be working with its world class research organization to generate novel enzymes. We look forward to applying our AI-driven platform to create new biologic candidates with the potential to meaningfully improve the lives of patients.”“At Merck we are continually evaluating new ways to build, expand and refine our biologics capabilities,” said Dr. Fiona Marshall, senior vice president and head of discovery, preclinical and translation medicine, Merck Research Laboratories. “Absci’s platform offers a compelling opportunity to design new biologic candidates and explore the expression of complex proteins.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}