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2021-04-28

Like and comment pls

Google Shares Rise On Revenue And Earnings Beat, $50B Buyback

2021-04-29

Like and comment pls...?

Treasury yields rise ahead of GDP, jobless claims data

2021-04-26

Seems likely that she's quite stretched to find new themes or stories to sell...She might be better off concentrating on her existing funds...

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2021-05-01

So...Break even at most?

Sorry, the original content has been removed

2021-04-27

?To the ?

Sorry, the original content has been removed

2021-04-30

What's the impact?

BRIEF-Fosun International Announces Disposal Of H Shares Of Tsingtao Brewery Company Limited

2021-04-29

Can take a look...

2021-04-23

Trial period

Singapore Names Wong as New Finance Minister in Cabinet Shake-Up

2021-04-22

Who's into BITC here?

ARKW Is Not A De Facto Bitcoin ETF

2021-04-22

Too high already?

Go to Tiger App to see more news

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What to Know.Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.NIO  is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.NIO lost 23 cents a share on an adjusted, non-GAAP basis, from $1.2 billion in sales.","content":"<p>NIO rose more than 5%, after falling nearly 4% before.</p><p><img src=\"https://static.tigerbbs.com/80881ae9e6de48ac5e3733583db3ba9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>NIO Earnings Looked a Lot Like Ford’s. What to Know.</b></p><p>Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.</p><p>NIO (ticker: NIO) is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.</p><p>NIO lost&nbsp;23 cents&nbsp;a share on an adjusted, non-GAAP basis, from $1.2 billion in sales. Wall Street was looking for a comparable 84 cent loss from $1.1 billion in sales. NIO’s corporate gross profit margin came in at 19.5%, about 3 percentage points better than analysts projected and up from negative 12% a year ago. First quarter results look solid.</p><p>The stock isn’t moving though. NIO reported numbers at 5:30 p.m. eastern time and not a lot of stock is trading after hours. NIO shares closed down 5.3% in Thursday trading. TheS&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;rose about&nbsp; 0.7%.</p><p>“NIO started the year of 2021 with a new quarterly delivery record of 20,060 vehicles in the first quarter,” said CEO William Bin Li in the company’s news release. “The overall demand for our products continues to be quite strong, but the supply chain is still facing significant challenges due to the semiconductor shortage.”</p><p>Management called the chip situation “very severe” on its conference call and projected 21,000 to 22,000 vehicle deliveries for the second quarter and sales of about $1.3 billion. The Street is projecting $1.2 billion in sales. But the unit delivery guidance is a little lower than Deutsche Bank analyst Edison Yu had expected.</p><p>For the full year, Yu is modeling 95,000 deliveries. With about 42,000 deliveries likely for the first half of 2021, the resolution of the global chip shortage will go a long way to deciding whether or not NIO can reach Yu’s number.</p><p>Yu rates NIO shares Buy and has a $60 price target for the stock.</p><p>The overall quarter feels a little like&nbsp;Ford Motor‘s (F) quarter, which was&nbsp;reported Wednesday. Ford reported sales and earnings far better than Wall Street projected. Unit volumes were below the company’s internal projections, but improving vehicle mix boosted sales beyond Street projections. Ford prioritized making higher-end vehicles in the face of limited chip supply. Looking ahead, Ford said the impact of the chip shortage would be at the high end of the company’s initial $1 billion to $2.5 billion cost guidance.</p><p>Ford stock close down 9.4% Thursday, the day after the Wednesday evening report. The NIO second-quarter guidance isn’t as surprising as Ford’s. And NIO doesn’t have full-year guidance. But calling NIO’s stock price reaction is difficult.</p><p>Ford trades for less than 7 times estimated 2022 earnings. NIO is expected to become profitable on a full-year basis in 2022. What’s more, NIO is worth about 50% more than Ford.</p><p>NIO’s conference call wrapped up about 10 p.m. eastern time. After the chip shortage, analysts focused questions on EV competition in China and NIO’s production expansion. NIO is putting in place&nbsp;capacity to produce&nbsp;hundreds of thousands of vehicles in coming years.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO rose more than 5%, after falling nearly 4% before</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\">\nNIO rose more than 5%, after falling nearly 4% before\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-30 22:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NIO rose more than 5%, after falling nearly 4% before.</p><p><img src=\"https://static.tigerbbs.com/80881ae9e6de48ac5e3733583db3ba9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>NIO Earnings Looked a Lot Like Ford’s. What to Know.</b></p><p>Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.</p><p>NIO (ticker: NIO) is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.</p><p>NIO lost&nbsp;23 cents&nbsp;a share on an adjusted, non-GAAP basis, from $1.2 billion in sales. Wall Street was looking for a comparable 84 cent loss from $1.1 billion in sales. NIO’s corporate gross profit margin came in at 19.5%, about 3 percentage points better than analysts projected and up from negative 12% a year ago. First quarter results look solid.</p><p>The stock isn’t moving though. NIO reported numbers at 5:30 p.m. eastern time and not a lot of stock is trading after hours. NIO shares closed down 5.3% in Thursday trading. TheS&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;rose about&nbsp; 0.7%.</p><p>“NIO started the year of 2021 with a new quarterly delivery record of 20,060 vehicles in the first quarter,” said CEO William Bin Li in the company’s news release. “The overall demand for our products continues to be quite strong, but the supply chain is still facing significant challenges due to the semiconductor shortage.”</p><p>Management called the chip situation “very severe” on its conference call and projected 21,000 to 22,000 vehicle deliveries for the second quarter and sales of about $1.3 billion. The Street is projecting $1.2 billion in sales. But the unit delivery guidance is a little lower than Deutsche Bank analyst Edison Yu had expected.</p><p>For the full year, Yu is modeling 95,000 deliveries. With about 42,000 deliveries likely for the first half of 2021, the resolution of the global chip shortage will go a long way to deciding whether or not NIO can reach Yu’s number.</p><p>Yu rates NIO shares Buy and has a $60 price target for the stock.</p><p>The overall quarter feels a little like&nbsp;Ford Motor‘s (F) quarter, which was&nbsp;reported Wednesday. Ford reported sales and earnings far better than Wall Street projected. Unit volumes were below the company’s internal projections, but improving vehicle mix boosted sales beyond Street projections. Ford prioritized making higher-end vehicles in the face of limited chip supply. Looking ahead, Ford said the impact of the chip shortage would be at the high end of the company’s initial $1 billion to $2.5 billion cost guidance.</p><p>Ford stock close down 9.4% Thursday, the day after the Wednesday evening report. The NIO second-quarter guidance isn’t as surprising as Ford’s. And NIO doesn’t have full-year guidance. But calling NIO’s stock price reaction is difficult.</p><p>Ford trades for less than 7 times estimated 2022 earnings. NIO is expected to become profitable on a full-year basis in 2022. What’s more, NIO is worth about 50% more than Ford.</p><p>NIO’s conference call wrapped up about 10 p.m. eastern time. After the chip shortage, analysts focused questions on EV competition in China and NIO’s production expansion. NIO is putting in place&nbsp;capacity to produce&nbsp;hundreds of thousands of vehicles in coming years.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142070002","content_text":"NIO rose more than 5%, after falling nearly 4% before.NIO Earnings Looked a Lot Like Ford’s. What to Know.Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.NIO (ticker: NIO) is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.NIO lost 23 cents a share on an adjusted, non-GAAP basis, from $1.2 billion in sales. Wall Street was looking for a comparable 84 cent loss from $1.1 billion in sales. NIO’s corporate gross profit margin came in at 19.5%, about 3 percentage points better than analysts projected and up from negative 12% a year ago. First quarter results look solid.The stock isn’t moving though. NIO reported numbers at 5:30 p.m. eastern time and not a lot of stock is trading after hours. NIO shares closed down 5.3% in Thursday trading. TheS&P 500 and Dow Jones Industrial Average rose about  0.7%.“NIO started the year of 2021 with a new quarterly delivery record of 20,060 vehicles in the first quarter,” said CEO William Bin Li in the company’s news release. “The overall demand for our products continues to be quite strong, but the supply chain is still facing significant challenges due to the semiconductor shortage.”Management called the chip situation “very severe” on its conference call and projected 21,000 to 22,000 vehicle deliveries for the second quarter and sales of about $1.3 billion. The Street is projecting $1.2 billion in sales. But the unit delivery guidance is a little lower than Deutsche Bank analyst Edison Yu had expected.For the full year, Yu is modeling 95,000 deliveries. With about 42,000 deliveries likely for the first half of 2021, the resolution of the global chip shortage will go a long way to deciding whether or not NIO can reach Yu’s number.Yu rates NIO shares Buy and has a $60 price target for the stock.The overall quarter feels a little like Ford Motor‘s (F) quarter, which was reported Wednesday. Ford reported sales and earnings far better than Wall Street projected. Unit volumes were below the company’s internal projections, but improving vehicle mix boosted sales beyond Street projections. Ford prioritized making higher-end vehicles in the face of limited chip supply. Looking ahead, Ford said the impact of the chip shortage would be at the high end of the company’s initial $1 billion to $2.5 billion cost guidance.Ford stock close down 9.4% Thursday, the day after the Wednesday evening report. The NIO second-quarter guidance isn’t as surprising as Ford’s. And NIO doesn’t have full-year guidance. But calling NIO’s stock price reaction is difficult.Ford trades for less than 7 times estimated 2022 earnings. NIO is expected to become profitable on a full-year basis in 2022. What’s more, NIO is worth about 50% more than Ford.NIO’s conference call wrapped up about 10 p.m. eastern time. After the chip shortage, analysts focused questions on EV competition in China and NIO’s production expansion. NIO is putting in place capacity to produce hundreds of thousands of vehicles in coming years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103395392,"gmtCreate":1619746567216,"gmtModify":1704271757013,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"What's the impact?","listText":"What's the impact?","text":"What's the impact?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103395392","repostId":"2131070537","repostType":2,"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109876493,"gmtCreate":1619686609212,"gmtModify":1704728005245,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Can take a look...","listText":"Can take a look...","text":"Can take a look...","images":[{"img":"https://static.tigerbbs.com/771d353d4a8e0b228d33a9defb96223d","width":"1080","height":"2485"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109876493","isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":109878363,"gmtCreate":1619686514552,"gmtModify":1704728002317,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"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":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/109878363","repostId":"1108853424","repostType":4,"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100985222,"gmtCreate":1619574604466,"gmtModify":1704726171163,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"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":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/100985222","repostId":"2130373930","repostType":4,"repost":{"id":"2130373930","kind":"highlight","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":1619556617,"share":"https://ttm.financial/m/news/2130373930?lang=&edition=fundamental","pubTime":"2021-04-28 04:50","market":"hk","language":"en","title":"Google Shares Rise On Revenue And Earnings Beat, $50B Buyback","url":"https://stock-news.laohu8.com/highlight/detail?id=2130373930","media":"Tiger Newspress","summary":"Google parent company Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) reported first-quarter earnings Tuesday afternoon.","content":"<p>Google parent company <b>Alphabet Inc </b>(NASDAQ:GOOG)(NASDAQ:GOOGL) reported first-quarter earnings&nbsp;Tuesday afternoon.</p><p><b>First Quarter Earnings: </b>Alphabet reported revenue of $55.3 billion in the first quarter, beating&nbsp;estimates of $51.7 billion. The total was up 32% year-over-year.</p><p>Earnings per share&nbsp;of $26.29 beat&nbsp;estimates of $15.88. The company reported net income of $17.9 billion, more than doubling last year’s first-quarter total of $6.8 billion.<img src=\"https://static.tigerbbs.com/04c18e5c94d3b6d4047c6f7b1f4540eb\" tg-width=\"1602\" tg-height=\"670\" referrerpolicy=\"no-referrer\">Total advertising revenue was $44.7 billion in the first quarter, up from the comparable $33.8 billion in the last fiscal year. The company reported search revenue of $31.9 billion, YouTube revenue of $6&nbsp;billion and Google network revenue of $6.8 billion.</p><p>Google's Cloud revenue improved 46% to $4 billion, though the division lags behind rivals Amazon.com Inc.</p><p>The company’s other segment revenue was $6.5 billion and Google Cloud revenue was $4&nbsp;billion in the first quarter.<img src=\"https://static.tigerbbs.com/9ed7cd2419e150521d3b20d080a0ba44\" tg-width=\"1614\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Sundar Pichai, CEO of Google and Alphabet, said: “Over the last year, people have turned to Google Search andmany online services to stay informed, connected and entertained. We’ve continued our focus on delivering trustedservices to help people around the world. Our Cloud services are helping businesses, big and small, acceleratetheir digital transformations.\"</p><p>Ruth Porat, CFO of Google and Alphabet, said: “Total revenues of $55.3 billion in the first quarter reflect elevatedconsumer activity online and broad based growth in advertiser revenue. We’re very pleased with the ongoing&nbsp;momentum in Google Cloud, with revenues of $4.0 billion in the quarter reflecting strength and opportunity in bothGCP and Workspace.”&nbsp;<b>Share Buyback Announced:</b> Along with its first-quarter earnings, Alphabet reported a $50-billion share buyback was authorized by the company. The share repurchases will be executed “from time to time.\"</p><p><b>Price Action: </b>Shares of GOOG are up 4% to $2,410 in after-hours Tuesday.</p><p><img src=\"https://static.tigerbbs.com/1cf14e52744d9520c6eea9cf5fd08aa1\" tg-width=\"1484\" tg-height=\"974\" referrerpolicy=\"no-referrer\"></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>Google Shares Rise On Revenue And Earnings Beat, $50B Buyback</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\">\nGoogle Shares Rise On Revenue And Earnings Beat, $50B Buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-28 04:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Google parent company <b>Alphabet Inc </b>(NASDAQ:GOOG)(NASDAQ:GOOGL) reported first-quarter earnings&nbsp;Tuesday afternoon.</p><p><b>First Quarter Earnings: </b>Alphabet reported revenue of $55.3 billion in the first quarter, beating&nbsp;estimates of $51.7 billion. The total was up 32% year-over-year.</p><p>Earnings per share&nbsp;of $26.29 beat&nbsp;estimates of $15.88. The company reported net income of $17.9 billion, more than doubling last year’s first-quarter total of $6.8 billion.<img src=\"https://static.tigerbbs.com/04c18e5c94d3b6d4047c6f7b1f4540eb\" tg-width=\"1602\" tg-height=\"670\" referrerpolicy=\"no-referrer\">Total advertising revenue was $44.7 billion in the first quarter, up from the comparable $33.8 billion in the last fiscal year. The company reported search revenue of $31.9 billion, YouTube revenue of $6&nbsp;billion and Google network revenue of $6.8 billion.</p><p>Google's Cloud revenue improved 46% to $4 billion, though the division lags behind rivals Amazon.com Inc.</p><p>The company’s other segment revenue was $6.5 billion and Google Cloud revenue was $4&nbsp;billion in the first quarter.<img src=\"https://static.tigerbbs.com/9ed7cd2419e150521d3b20d080a0ba44\" tg-width=\"1614\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Sundar Pichai, CEO of Google and Alphabet, said: “Over the last year, people have turned to Google Search andmany online services to stay informed, connected and entertained. We’ve continued our focus on delivering trustedservices to help people around the world. Our Cloud services are helping businesses, big and small, acceleratetheir digital transformations.\"</p><p>Ruth Porat, CFO of Google and Alphabet, said: “Total revenues of $55.3 billion in the first quarter reflect elevatedconsumer activity online and broad based growth in advertiser revenue. We’re very pleased with the ongoing&nbsp;momentum in Google Cloud, with revenues of $4.0 billion in the quarter reflecting strength and opportunity in bothGCP and Workspace.”&nbsp;<b>Share Buyback Announced:</b> Along with its first-quarter earnings, Alphabet reported a $50-billion share buyback was authorized by the company. The share repurchases will be executed “from time to time.\"</p><p><b>Price Action: </b>Shares of GOOG are up 4% to $2,410 in after-hours Tuesday.</p><p><img src=\"https://static.tigerbbs.com/1cf14e52744d9520c6eea9cf5fd08aa1\" tg-width=\"1484\" tg-height=\"974\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130373930","content_text":"Google parent company Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) reported first-quarter earnings Tuesday afternoon.First Quarter Earnings: Alphabet reported revenue of $55.3 billion in the first quarter, beating estimates of $51.7 billion. The total was up 32% year-over-year.Earnings per share of $26.29 beat estimates of $15.88. The company reported net income of $17.9 billion, more than doubling last year’s first-quarter total of $6.8 billion.Total advertising revenue was $44.7 billion in the first quarter, up from the comparable $33.8 billion in the last fiscal year. The company reported search revenue of $31.9 billion, YouTube revenue of $6 billion and Google network revenue of $6.8 billion.Google's Cloud revenue improved 46% to $4 billion, though the division lags behind rivals Amazon.com Inc.The company’s other segment revenue was $6.5 billion and Google Cloud revenue was $4 billion in the first quarter.Sundar Pichai, CEO of Google and Alphabet, said: “Over the last year, people have turned to Google Search andmany online services to stay informed, connected and entertained. We’ve continued our focus on delivering trustedservices to help people around the world. Our Cloud services are helping businesses, big and small, acceleratetheir digital transformations.\"Ruth Porat, CFO of Google and Alphabet, said: “Total revenues of $55.3 billion in the first quarter reflect elevatedconsumer activity online and broad based growth in advertiser revenue. We’re very pleased with the ongoing momentum in Google Cloud, with revenues of $4.0 billion in the quarter reflecting strength and opportunity in bothGCP and Workspace.” Share Buyback Announced: Along with its first-quarter earnings, Alphabet reported a $50-billion share buyback was authorized by the company. The share repurchases will be executed “from time to time.\"Price Action: Shares of GOOG are up 4% to $2,410 in after-hours Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571345352614779","authorId":"3571345352614779","name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"3571345352614779","authorIdStr":"3571345352614779"},"content":"Kindly give me a like & a comment please, thank you very much.","text":"Kindly give me a like & a comment please, thank you very much.","html":"Kindly give me a like & a comment please, thank you very much."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377161359,"gmtCreate":1619506465771,"gmtModify":1704725085235,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"?To the ?","listText":"?To the ?","text":"?To the ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377161359","repostId":"1121677460","repostType":4,"repost":{"id":"1121677460","kind":"news","pubTimestamp":1619501218,"share":"https://ttm.financial/m/news/1121677460?lang=&edition=fundamental","pubTime":"2021-04-27 13:26","market":"us","language":"en","title":"AMD Reports Earnings Tuesday. Here Is What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1121677460","media":"Barrons","summary":"Amid strong demand for personal computers around the world, Advanced Micro Devices is set to issue i","content":"<p>Amid strong demand for personal computers around the world, Advanced Micro Devices is set to issue its latest quarterly report card Tuesday after the closing bell.</p>\n<p>Days after Intel (ticker: INTC) beat overall expectations largely on the back of better-than-expected PC sales, AMD (AMD) appears ready to repeat its success. Investors are expecting the company’s computer and graphics segment to generate first-quarter revenue of $1.92 billion, up from $1.44 billion in the year-ago period.</p>\n<p>BMO Capital Markets analyst Ambrish Srivastava wrote in a note that his team observed that beyond solid demand for PCs, the market for graphics chips that AMD produces was also strong in the first quarter. The analyst expects graphics processor unit, or GPU, revenue to rise 6%.</p>\n<p>AMD’s personal computer processor sales could improve over the year. Atlantic Equities analyst Ianjit Bhatti wrote in a note to clients that AMD’s sales were held back by supply constraints at the end of last year. Bhatti said that is changing, and he expects Taiwan Semiconductor Manufacturing&nbsp;(TSM), which makes the chips AMD designs, to ramp up its capacity through the year.</p>\n<p>Intel&nbsp;‘s declining data center sales, however, raise some questions for investors. Susquehanna Financial Group analyst Christopher Rolland&nbsp;wrote that there is uncertainty heading into earnings, but overall he expects AMD to beat expectations, and raise its guidance.</p>\n<p>“With AMD’s end markets firing on all cylinders, investors will be laser focused on commentary around their ability to source wafers at TSMC, perhaps the most important data point this report,” Rolland wrote.</p>\n<p>UBS analyst Timothy Arcuri&nbsp;also wrote that he expects AMD to raise its full-year guidance.</p>\n<p>Analysts model revenue of $1.29 billion for the enterprise, embedded and semi-custom segment; the semi-custom component of the business includes the chips AMD designed for the latest videogame consoles made by Sony&nbsp;(SNE) and Microsoft&nbsp;(MSFT).</p>\n<p>Overall, analysts expect adjusted earnings of 44 cents a share, and revenue of $3.21 billion.</p>\n<p>Of the analysts that cover AMD, 60% rate the stock a Buy, 12 have a Hold, and four give it a Sell rating. The average target price is $101.32, which implies an upside of about 19%.</p>\n<p>AMD shares rose 3.4% to $85.54 in Monday afternoon trading. The stock advanced 52% in the past year, as the PHLX Semiconductor index rose 91%.</p>\n<p>The company is expected to host&nbsp;a conference call for analysts at 5 p.m. Eastern time.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Reports Earnings Tuesday. Here Is What to Expect.</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\">\nAMD Reports Earnings Tuesday. Here Is What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amd-reports-earnings-tuesday-here-is-what-to-expect-51619464249?mod=hp_DAY_Theme_2_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amid strong demand for personal computers around the world, Advanced Micro Devices is set to issue its latest quarterly report card Tuesday after the closing bell.\nDays after Intel (ticker: INTC) beat...</p>\n\n<a href=\"https://www.barrons.com/articles/amd-reports-earnings-tuesday-here-is-what-to-expect-51619464249?mod=hp_DAY_Theme_2_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.barrons.com/articles/amd-reports-earnings-tuesday-here-is-what-to-expect-51619464249?mod=hp_DAY_Theme_2_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121677460","content_text":"Amid strong demand for personal computers around the world, Advanced Micro Devices is set to issue its latest quarterly report card Tuesday after the closing bell.\nDays after Intel (ticker: INTC) beat overall expectations largely on the back of better-than-expected PC sales, AMD (AMD) appears ready to repeat its success. Investors are expecting the company’s computer and graphics segment to generate first-quarter revenue of $1.92 billion, up from $1.44 billion in the year-ago period.\nBMO Capital Markets analyst Ambrish Srivastava wrote in a note that his team observed that beyond solid demand for PCs, the market for graphics chips that AMD produces was also strong in the first quarter. The analyst expects graphics processor unit, or GPU, revenue to rise 6%.\nAMD’s personal computer processor sales could improve over the year. Atlantic Equities analyst Ianjit Bhatti wrote in a note to clients that AMD’s sales were held back by supply constraints at the end of last year. Bhatti said that is changing, and he expects Taiwan Semiconductor Manufacturing (TSM), which makes the chips AMD designs, to ramp up its capacity through the year.\nIntel ‘s declining data center sales, however, raise some questions for investors. Susquehanna Financial Group analyst Christopher Rolland wrote that there is uncertainty heading into earnings, but overall he expects AMD to beat expectations, and raise its guidance.\n“With AMD’s end markets firing on all cylinders, investors will be laser focused on commentary around their ability to source wafers at TSMC, perhaps the most important data point this report,” Rolland wrote.\nUBS analyst Timothy Arcuri also wrote that he expects AMD to raise its full-year guidance.\nAnalysts model revenue of $1.29 billion for the enterprise, embedded and semi-custom segment; the semi-custom component of the business includes the chips AMD designed for the latest videogame consoles made by Sony (SNE) and Microsoft (MSFT).\nOverall, analysts expect adjusted earnings of 44 cents a share, and revenue of $3.21 billion.\nOf the analysts that cover AMD, 60% rate the stock a Buy, 12 have a Hold, and four give it a Sell rating. The average target price is $101.32, which implies an upside of about 19%.\nAMD shares rose 3.4% to $85.54 in Monday afternoon trading. The stock advanced 52% in the past year, as the PHLX Semiconductor index rose 91%.\nThe company is expected to host a conference call for analysts at 5 p.m. Eastern time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374204427,"gmtCreate":1619446948869,"gmtModify":1704724055310,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Seems likely that she's quite stretched to find new themes or stories to sell...She might be better off concentrating on her existing funds...","listText":"Seems likely that she's quite stretched to find new themes or stories to sell...She might be better off concentrating on her existing funds...","text":"Seems likely that she's quite stretched to find new themes or stories to sell...She might be better off concentrating on her existing funds...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374204427","repostId":"1143873248","repostType":4,"repost":{"id":"1143873248","kind":"news","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</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>Cathie Wood's Bloated ARK Forges Forward</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\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372985301,"gmtCreate":1619168395103,"gmtModify":1704720692488,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Trial period","listText":"Trial period","text":"Trial period","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372985301","repostId":"1143062408","repostType":4,"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376101178,"gmtCreate":1619095099994,"gmtModify":1704719537239,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Who's into BITC here?","listText":"Who's into BITC here?","text":"Who's into BITC here?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376101178","repostId":"1113952804","repostType":4,"repost":{"id":"1113952804","kind":"news","pubTimestamp":1619094369,"share":"https://ttm.financial/m/news/1113952804?lang=&edition=fundamental","pubTime":"2021-04-22 20:26","market":"us","language":"en","title":"ARKW Is Not A De Facto Bitcoin ETF","url":"https://stock-news.laohu8.com/highlight/detail?id=1113952804","media":"seekingalpha","summary":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitco","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.</li>\n <li>Correlation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.</li>\n <li>In contrary to popular belief, the S&amp;P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation of S&amp;P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.</li>\n <li>ARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d804e53065a98106a8f8c70fda9b9cb\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Klaus Vedfelt/DigitalVision via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>ARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.</p>\n<p>Chart 1: Performance of ARK's 5 ETFs and the S&amp;P 500.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f517665dd9831b346afa744445f414a\" tg-width=\"640\" tg-height=\"294\"><span>Source: Author, TradingView</span></p>\n<p>ARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK&nbsp;first invested&nbsp;in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below&nbsp;$250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is&nbsp;dubbed&nbsp;as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.</p>\n<p>This may be quite uncomfortable for many investors amid the potential of becoming another&nbsp;de facto Bitcoin ETF&nbsp;like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?</p>\n<p><b>MicroStrategy, the de facto Bitcoin ETF</b></p>\n<p>MicroStrategy&nbsp;first added&nbsp;Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.</p>\n<p>By referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.</p>\n<p>Chart 2: 30-Day Rolling Correlation between MSTR and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77a110840fee547b78f6819faf44dda7\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>For this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".</p>\n<p>The answer will surprise you.</p>\n<p><b>How correlated is ARKW to Bitcoin?</b></p>\n<p>To examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.</p>\n<p>Chart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.</p>\n<p>Chart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/803b3afe57ee921de3fbbaa4356ab01f\" tg-width=\"640\" tg-height=\"207\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>When we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.</p>\n<p>Chart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4aabac26e103d3228c804476af521b5c\" tg-width=\"640\" tg-height=\"210\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.</p>\n<p>Table 1: Correlation Benchmarks</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab77f9eedd8fab40026176b1f2911ea2\" tg-width=\"390\" tg-height=\"174\"><span>Source: Laerd Statistics</span></p>\n<p>Figure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/638a2a527c7e3b213fd485bcd516b85a\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this information tells us the following:</p>\n<ul>\n <li>Correlation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.</li>\n <li>In contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.</li>\n</ul>\n<p>You might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.</p>\n<p><b>How are the S&amp;P 500 and other ARK's ETFs correlated to Bitcoin?</b></p>\n<p>Chart 5 shows us the 30-day rolling correlation of the S&amp;P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&amp;P 500 and ARK's ETFs to Bitcoin.</p>\n<p>The correlation of the S&amp;P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&amp;P 500 and the other ARK ETFs to Bitcoin.</p>\n<p>This is interesting because the S&amp;P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&amp;P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&amp;P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&amp;P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&amp;P 500 to Bitcoin are uniformly negative.</p>\n<p>Chart 5: 30-Day Rolling Correlation Between Assets</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82cbd57bff48676a0b7d678efcb74d6c\" tg-width=\"640\" tg-height=\"211\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 2 shows us the correlation matrix between Bitcoin, the S&amp;P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.</p>\n<p>It can be observed that the S&amp;P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.</p>\n<p>Figure 2: 2020 and 2021 Correlation Matrix</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07eaacdb826a505087dbf5cffa3c5159\" tg-width=\"640\" tg-height=\"239\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this further information tells us the following:</p>\n<ul>\n <li>MSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.</li>\n <li>On the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&amp;P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.</li>\n</ul>\n<p><b>Conclusion</b></p>\n<p>So, has ARKW's exposure to Bitcoin gone way out of hand?</p>\n<p>Based on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.</p>\n<p>I had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.</p>\n<p>This article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.</p>","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>ARKW Is Not A De Facto Bitcoin ETF</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nARKW Is Not A De Facto Bitcoin ETF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 20:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf\">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","ARKW":"ARK Next Generation Internation ETF","GBTC":"Grayscale Bitcoin Trust","PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block"},"source_url":"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1113952804","content_text":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\nCorrelation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.\nIn contrary to popular belief, the S&P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.\nCorrelation data from 2020 and 2021 indicate the correlation of S&P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.\nARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.\n\nPhoto by Klaus Vedfelt/DigitalVision via Getty Images\nIntroduction\nARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.\nChart 1: Performance of ARK's 5 ETFs and the S&P 500.\nSource: Author, TradingView\nARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK first invested in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below $250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is dubbed as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.\nThis may be quite uncomfortable for many investors amid the potential of becoming another de facto Bitcoin ETF like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?\nMicroStrategy, the de facto Bitcoin ETF\nMicroStrategy first added Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.\nBy referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.\nChart 2: 30-Day Rolling Correlation between MSTR and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nFor this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".\nThe answer will surprise you.\nHow correlated is ARKW to Bitcoin?\nTo examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.\nChart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.\nChart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nWhen we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.\nChart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.\nSource: Author, raw data sourced from Yahoo Finance\nFigure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.\nOn the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.\nTable 1: Correlation Benchmarks\nSource: Laerd Statistics\nFigure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this information tells us the following:\n\nCorrelation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.\nIn contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.\nCorrelation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.\n\nYou might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.\nHow are the S&P 500 and other ARK's ETFs correlated to Bitcoin?\nChart 5 shows us the 30-day rolling correlation of the S&P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&P 500 and ARK's ETFs to Bitcoin.\nThe correlation of the S&P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&P 500 and the other ARK ETFs to Bitcoin.\nThis is interesting because the S&P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.\nOn the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&P 500 to Bitcoin are uniformly negative.\nChart 5: 30-Day Rolling Correlation Between Assets\nSource: Author, raw data sourced from Yahoo Finance\nFigure 2 shows us the correlation matrix between Bitcoin, the S&P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.\nIt can be observed that the S&P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.\nFigure 2: 2020 and 2021 Correlation Matrix\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this further information tells us the following:\n\nMSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.\nOn the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.\n\nConclusion\nSo, has ARKW's exposure to Bitcoin gone way out of hand?\nBased on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.\nI had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.\nThis article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.","news_type":1},"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376103308,"gmtCreate":1619095029504,"gmtModify":1704719535783,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Too high already?","listText":"Too high already?","text":"Too high already?","images":[{"img":"https://static.tigerbbs.com/3b2a766af26fa7808f92d37e20061275","width":"1080","height":"2519"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376103308","isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":100985222,"gmtCreate":1619574604466,"gmtModify":1704726171163,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"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":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/100985222","repostId":"2130373930","repostType":4,"repost":{"id":"2130373930","kind":"highlight","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":1619556617,"share":"https://ttm.financial/m/news/2130373930?lang=&edition=fundamental","pubTime":"2021-04-28 04:50","market":"hk","language":"en","title":"Google Shares Rise On Revenue And Earnings Beat, $50B Buyback","url":"https://stock-news.laohu8.com/highlight/detail?id=2130373930","media":"Tiger Newspress","summary":"Google parent company Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) reported first-quarter earnings Tuesday afternoon.","content":"<p>Google parent company <b>Alphabet Inc </b>(NASDAQ:GOOG)(NASDAQ:GOOGL) reported first-quarter earnings&nbsp;Tuesday afternoon.</p><p><b>First Quarter Earnings: </b>Alphabet reported revenue of $55.3 billion in the first quarter, beating&nbsp;estimates of $51.7 billion. The total was up 32% year-over-year.</p><p>Earnings per share&nbsp;of $26.29 beat&nbsp;estimates of $15.88. The company reported net income of $17.9 billion, more than doubling last year’s first-quarter total of $6.8 billion.<img src=\"https://static.tigerbbs.com/04c18e5c94d3b6d4047c6f7b1f4540eb\" tg-width=\"1602\" tg-height=\"670\" referrerpolicy=\"no-referrer\">Total advertising revenue was $44.7 billion in the first quarter, up from the comparable $33.8 billion in the last fiscal year. The company reported search revenue of $31.9 billion, YouTube revenue of $6&nbsp;billion and Google network revenue of $6.8 billion.</p><p>Google's Cloud revenue improved 46% to $4 billion, though the division lags behind rivals Amazon.com Inc.</p><p>The company’s other segment revenue was $6.5 billion and Google Cloud revenue was $4&nbsp;billion in the first quarter.<img src=\"https://static.tigerbbs.com/9ed7cd2419e150521d3b20d080a0ba44\" tg-width=\"1614\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Sundar Pichai, CEO of Google and Alphabet, said: “Over the last year, people have turned to Google Search andmany online services to stay informed, connected and entertained. We’ve continued our focus on delivering trustedservices to help people around the world. Our Cloud services are helping businesses, big and small, acceleratetheir digital transformations.\"</p><p>Ruth Porat, CFO of Google and Alphabet, said: “Total revenues of $55.3 billion in the first quarter reflect elevatedconsumer activity online and broad based growth in advertiser revenue. We’re very pleased with the ongoing&nbsp;momentum in Google Cloud, with revenues of $4.0 billion in the quarter reflecting strength and opportunity in bothGCP and Workspace.”&nbsp;<b>Share Buyback Announced:</b> Along with its first-quarter earnings, Alphabet reported a $50-billion share buyback was authorized by the company. The share repurchases will be executed “from time to time.\"</p><p><b>Price Action: </b>Shares of GOOG are up 4% to $2,410 in after-hours Tuesday.</p><p><img src=\"https://static.tigerbbs.com/1cf14e52744d9520c6eea9cf5fd08aa1\" tg-width=\"1484\" tg-height=\"974\" referrerpolicy=\"no-referrer\"></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>Google Shares Rise On Revenue And Earnings Beat, $50B Buyback</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\">\nGoogle Shares Rise On Revenue And Earnings Beat, $50B Buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-28 04:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Google parent company <b>Alphabet Inc </b>(NASDAQ:GOOG)(NASDAQ:GOOGL) reported first-quarter earnings&nbsp;Tuesday afternoon.</p><p><b>First Quarter Earnings: </b>Alphabet reported revenue of $55.3 billion in the first quarter, beating&nbsp;estimates of $51.7 billion. The total was up 32% year-over-year.</p><p>Earnings per share&nbsp;of $26.29 beat&nbsp;estimates of $15.88. The company reported net income of $17.9 billion, more than doubling last year’s first-quarter total of $6.8 billion.<img src=\"https://static.tigerbbs.com/04c18e5c94d3b6d4047c6f7b1f4540eb\" tg-width=\"1602\" tg-height=\"670\" referrerpolicy=\"no-referrer\">Total advertising revenue was $44.7 billion in the first quarter, up from the comparable $33.8 billion in the last fiscal year. The company reported search revenue of $31.9 billion, YouTube revenue of $6&nbsp;billion and Google network revenue of $6.8 billion.</p><p>Google's Cloud revenue improved 46% to $4 billion, though the division lags behind rivals Amazon.com Inc.</p><p>The company’s other segment revenue was $6.5 billion and Google Cloud revenue was $4&nbsp;billion in the first quarter.<img src=\"https://static.tigerbbs.com/9ed7cd2419e150521d3b20d080a0ba44\" tg-width=\"1614\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Sundar Pichai, CEO of Google and Alphabet, said: “Over the last year, people have turned to Google Search andmany online services to stay informed, connected and entertained. We’ve continued our focus on delivering trustedservices to help people around the world. Our Cloud services are helping businesses, big and small, acceleratetheir digital transformations.\"</p><p>Ruth Porat, CFO of Google and Alphabet, said: “Total revenues of $55.3 billion in the first quarter reflect elevatedconsumer activity online and broad based growth in advertiser revenue. We’re very pleased with the ongoing&nbsp;momentum in Google Cloud, with revenues of $4.0 billion in the quarter reflecting strength and opportunity in bothGCP and Workspace.”&nbsp;<b>Share Buyback Announced:</b> Along with its first-quarter earnings, Alphabet reported a $50-billion share buyback was authorized by the company. The share repurchases will be executed “from time to time.\"</p><p><b>Price Action: </b>Shares of GOOG are up 4% to $2,410 in after-hours Tuesday.</p><p><img src=\"https://static.tigerbbs.com/1cf14e52744d9520c6eea9cf5fd08aa1\" tg-width=\"1484\" tg-height=\"974\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130373930","content_text":"Google parent company Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) reported first-quarter earnings Tuesday afternoon.First Quarter Earnings: Alphabet reported revenue of $55.3 billion in the first quarter, beating estimates of $51.7 billion. The total was up 32% year-over-year.Earnings per share of $26.29 beat estimates of $15.88. The company reported net income of $17.9 billion, more than doubling last year’s first-quarter total of $6.8 billion.Total advertising revenue was $44.7 billion in the first quarter, up from the comparable $33.8 billion in the last fiscal year. The company reported search revenue of $31.9 billion, YouTube revenue of $6 billion and Google network revenue of $6.8 billion.Google's Cloud revenue improved 46% to $4 billion, though the division lags behind rivals Amazon.com Inc.The company’s other segment revenue was $6.5 billion and Google Cloud revenue was $4 billion in the first quarter.Sundar Pichai, CEO of Google and Alphabet, said: “Over the last year, people have turned to Google Search andmany online services to stay informed, connected and entertained. We’ve continued our focus on delivering trustedservices to help people around the world. Our Cloud services are helping businesses, big and small, acceleratetheir digital transformations.\"Ruth Porat, CFO of Google and Alphabet, said: “Total revenues of $55.3 billion in the first quarter reflect elevatedconsumer activity online and broad based growth in advertiser revenue. We’re very pleased with the ongoing momentum in Google Cloud, with revenues of $4.0 billion in the quarter reflecting strength and opportunity in bothGCP and Workspace.” Share Buyback Announced: Along with its first-quarter earnings, Alphabet reported a $50-billion share buyback was authorized by the company. The share repurchases will be executed “from time to time.\"Price Action: Shares of GOOG are up 4% to $2,410 in after-hours Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571345352614779","authorId":"3571345352614779","name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"3571345352614779","authorIdStr":"3571345352614779"},"content":"Kindly give me a like & a comment please, thank you very much.","text":"Kindly give me a like & a comment please, thank you very much.","html":"Kindly give me a like & a comment please, thank you very much."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109878363,"gmtCreate":1619686514552,"gmtModify":1704728002317,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"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":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/109878363","repostId":"1108853424","repostType":4,"repost":{"id":"1108853424","kind":"news","pubTimestamp":1619686134,"share":"https://ttm.financial/m/news/1108853424?lang=&edition=fundamental","pubTime":"2021-04-29 16:48","market":"fut","language":"en","title":"Treasury yields rise ahead of GDP, jobless claims data","url":"https://stock-news.laohu8.com/highlight/detail?id=1108853424","media":"CNBC","summary":"KEY POINTS\n\nThe U.S. Commerce Department is set to release first-quarter gross domestic product data","content":"<div>\n<p>KEY POINTS\n\nThe U.S. Commerce Department is set to release first-quarter gross domestic product data at 8:30 a.m. ET on Thursday.\nThe Labor Department is also due to release the number of new ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/us-bonds-treasury-yields-rise-ahead-of-gdp-jobless-claims-data.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Treasury yields rise ahead of GDP, jobless claims 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\">\nTreasury yields rise ahead of GDP, jobless claims data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 16:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/29/us-bonds-treasury-yields-rise-ahead-of-gdp-jobless-claims-data.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe U.S. Commerce Department is set to release first-quarter gross domestic product data at 8:30 a.m. ET on Thursday.\nThe Labor Department is also due to release the number of new ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/us-bonds-treasury-yields-rise-ahead-of-gdp-jobless-claims-data.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/04/29/us-bonds-treasury-yields-rise-ahead-of-gdp-jobless-claims-data.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108853424","content_text":"KEY POINTS\n\nThe U.S. Commerce Department is set to release first-quarter gross domestic product data at 8:30 a.m. ET on Thursday.\nThe Labor Department is also due to release the number of new unemployment insurance claims filed last week at 8:30 a.m. ET.\n\nU.S. Treasury yields rose on Thursday morning, ahead of the release of data measuring economic growth in the first quarter and the number of new jobless claims filed last week.\nThe yield on the benchmark 10-year Treasury note climbed to 1.65% at 4:15 a.m. ET. The yield on the 30-year Treasury bond rose to 2.318%. Yields move inversely to prices.\nThe U.S. Commerce Department is set to release first-quarter gross domestic product data at 8:30 a.m. ET on Thursday.\nThe Labor Department is also due to release the number of new unemployment insurance claims filed last week at 8:30 a.m. ET. Economists surveyed by Dow Jones have forecasted that 528,000 new jobless claims were filed the week ended April 24.\nThe number of pending home sales in March is then set to come out at 10 a.m. ET.\nInvestors continued to digest the Federal Reserve’s latest policy decision to hold its benchmark interest rates near zero, following a two-day meeting that concluded on Wednesday afternoon.\nFed Chairman Jerome Powell said in a press conference Wednesday, following the meeting, that it was “not time yet” for the central bank to start discussing any changes to its asset purchasing program.\nHe said it would still be “some time” before there was substantial progress in the economic recovery from the coronavirus pandemic.\nSpeaking to CNBC’s “Squawk Box Europe” Thursday, TD Securities chief macro strategist Jim O’Sullivan said the Fed’s decision “wasn’t a big surprise.”\nHe didn’t believe the Fed would start to give any warnings of unwinding its easy policy “in the next meeting or the meeting after that,” with TD Securities forecasting that tapering could start to happen from March 2022.\nAn auction will be held Thursday for $40 billion of 4-week bills and $40 billion of 8-week bills.","news_type":1},"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374204427,"gmtCreate":1619446948869,"gmtModify":1704724055310,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Seems likely that she's quite stretched to find new themes or stories to sell...She might be better off concentrating on her existing funds...","listText":"Seems likely that she's quite stretched to find new themes or stories to sell...She might be better off concentrating on her existing funds...","text":"Seems likely that she's quite stretched to find new themes or stories to sell...She might be better off concentrating on her existing funds...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374204427","repostId":"1143873248","repostType":4,"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101886924,"gmtCreate":1619877001568,"gmtModify":1704335986131,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"So...Break even at most?","listText":"So...Break even at most?","text":"So...Break even at most?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/101886924","repostId":"1142070002","repostType":4,"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377161359,"gmtCreate":1619506465771,"gmtModify":1704725085235,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"?To the ?","listText":"?To the ?","text":"?To the ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377161359","repostId":"1121677460","repostType":4,"isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103395392,"gmtCreate":1619746567216,"gmtModify":1704271757013,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"What's the impact?","listText":"What's the impact?","text":"What's the impact?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103395392","repostId":"2131070537","repostType":2,"repost":{"id":"2131070537","kind":"highlight","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":1619745536,"share":"https://ttm.financial/m/news/2131070537?lang=&edition=fundamental","pubTime":"2021-04-30 09:18","market":"sh","language":"en","title":"BRIEF-Fosun International Announces Disposal Of H Shares Of Tsingtao Brewery Company Limited","url":"https://stock-news.laohu8.com/highlight/detail?id=2131070537","media":"Reuters","summary":"April 30 (Reuters) - Fosun International Ltd   :   * ANNOUNCES DISPOSAL OF H SHARES OF TSINGTAO BREW","content":"<html><body><p>April 30 (Reuters) - Fosun International Ltd   :</p><p>   * ANNOUNCES DISPOSAL OF H SHARES OF TSINGTAO BREWERY COMPANY LIMITED</p><p>   * TOTAL CONSIDERATION HKD1,701 MILLION</p><p>   * CITIGROUP GLOBAL MARKETS TO BUY 24 MILLION H SHARES OF TSINGTAO BREWERY CO HELD BY FOSUN INDUSTRIAL</p><p>Source text  Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</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>BRIEF-Fosun International Announces Disposal Of H Shares Of Tsingtao Brewery Company Limited</title>\n<style 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}\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\">\nBRIEF-Fosun International Announces Disposal Of H Shares Of Tsingtao Brewery Company Limited\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-30 09:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>April 30 (Reuters) - Fosun International Ltd   :</p><p>   * ANNOUNCES DISPOSAL OF H SHARES OF TSINGTAO BREWERY COMPANY LIMITED</p><p>   * TOTAL CONSIDERATION HKD1,701 MILLION</p><p>   * CITIGROUP GLOBAL MARKETS TO BUY 24 MILLION H SHARES OF TSINGTAO BREWERY CO HELD BY FOSUN INDUSTRIAL</p><p>Source text  Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600600":"青岛啤酒","00168":"青岛啤酒股份","00656":"复星国际"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2131070537","content_text":"April 30 (Reuters) - Fosun International Ltd   :   * ANNOUNCES DISPOSAL OF H SHARES OF TSINGTAO BREWERY COMPANY LIMITED   * TOTAL CONSIDERATION HKD1,701 MILLION   * CITIGROUP GLOBAL MARKETS TO BUY 24 MILLION H SHARES OF TSINGTAO BREWERY CO HELD BY FOSUN INDUSTRIALSource text  Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109876493,"gmtCreate":1619686609212,"gmtModify":1704728005245,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Can take a look...","listText":"Can take a look...","text":"Can take a look...","images":[{"img":"https://static.tigerbbs.com/771d353d4a8e0b228d33a9defb96223d","width":"1080","height":"2485"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109876493","isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":372985301,"gmtCreate":1619168395103,"gmtModify":1704720692488,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Trial period","listText":"Trial period","text":"Trial period","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372985301","repostId":"1143062408","repostType":4,"repost":{"id":"1143062408","kind":"news","pubTimestamp":1619162341,"share":"https://ttm.financial/m/news/1143062408?lang=&edition=fundamental","pubTime":"2021-04-23 15:19","market":"sg","language":"en","title":"Singapore Names Wong as New Finance Minister in Cabinet Shake-Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1143062408","media":"Bloomberg","summary":"Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his ","content":"<p>Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his prominence as the city-state reboots its leadership transition plan.</p>\n<p>The appointment follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’sstepping asideas the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition, leaving the party to seek a successor among its younger leaders before the next election due by 2025.</p>\n<p>Since founding father Lee Kuan Yew relinquished power some three decades ago, Singapore’s politics have been so well choreographed and predictable that they’re often joked about as dull. Local markets barely budged on Heng’s announcement earlier this month that he was stepping out of the running. Analysts have said they expect Singapore to remain politically stable.</p>\n<p>Though no clear successor to Lee was identified Friday, the finance minister selection could be a signal of who among the party’s “fourth-generation” leaders ultimately might be positioned for the top job. Heng was named finance chief in 2015 and added the&nbsp;deputy prime minister role&nbsp;to his portfolio in 2019. Lee himself was also finance minister previously, though his predecessor Goh Chok Tong didn’t hold that role.</p>\n<p><b>Covid Leadership</b></p>\n<p>Wong, 48, has seen his profile rise as co-chair of the government task force for fighting Covid-19. His role as second minister for finance provided a smooth path to the ministry’s top job.</p>\n<p>“Lawrence has been assisting Swee Keat as Second Minister since 2016, so he has the experience, and is a natural fit for the job,” Prime Minister Lee said at a briefing Friday.</p>\n<p>Known for a no-nonsense speaking manner, Wong played a critical role in helping to bring the pandemic under control in Singapore, with measures such as mandatory mask-wearing and strict social gathering rules.</p>\n<p>Before his appointment as minister of education and second minister of finance after last year’s election, he also oversaw a closely-watched property sector as minister for national development.</p>\n<p>Wong began his career as a civil servant, later serving as chief executive of the&nbsp;Energy Market Authority&nbsp;and as principal private secretary to Lee.</p>\n<p>Here are other changes to the cabinet, with the appointments taking effect on May 15, according to a statement:</p>\n<ul>\n <li>Gan Kim Yong will be trade and industry minister</li>\n <li>S. Iswaran will be transport minister</li>\n <li>Chan Chun Sing will be education minister</li>\n <li>Ong Ye Kung will be health minister</li>\n <li>Josephine Teo will be communications and information minister, and continue as second minister for home affairs</li>\n <li>Tan See Leng will be manpower minister</li>\n</ul>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Names Wong as New Finance Minister in Cabinet Shake-Up</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\">\nSingapore Names Wong as New Finance Minister in Cabinet Shake-Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-23/singapore-names-wong-finance-minister-in-cabinet-shake-up-cna?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his prominence as the city-state reboots its leadership transition plan.\nThe appointment follows Deputy ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-23/singapore-names-wong-finance-minister-in-cabinet-shake-up-cna?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-23/singapore-names-wong-finance-minister-in-cabinet-shake-up-cna?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143062408","content_text":"Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his prominence as the city-state reboots its leadership transition plan.\nThe appointment follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’sstepping asideas the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition, leaving the party to seek a successor among its younger leaders before the next election due by 2025.\nSince founding father Lee Kuan Yew relinquished power some three decades ago, Singapore’s politics have been so well choreographed and predictable that they’re often joked about as dull. Local markets barely budged on Heng’s announcement earlier this month that he was stepping out of the running. Analysts have said they expect Singapore to remain politically stable.\nThough no clear successor to Lee was identified Friday, the finance minister selection could be a signal of who among the party’s “fourth-generation” leaders ultimately might be positioned for the top job. Heng was named finance chief in 2015 and added the deputy prime minister role to his portfolio in 2019. Lee himself was also finance minister previously, though his predecessor Goh Chok Tong didn’t hold that role.\nCovid Leadership\nWong, 48, has seen his profile rise as co-chair of the government task force for fighting Covid-19. His role as second minister for finance provided a smooth path to the ministry’s top job.\n“Lawrence has been assisting Swee Keat as Second Minister since 2016, so he has the experience, and is a natural fit for the job,” Prime Minister Lee said at a briefing Friday.\nKnown for a no-nonsense speaking manner, Wong played a critical role in helping to bring the pandemic under control in Singapore, with measures such as mandatory mask-wearing and strict social gathering rules.\nBefore his appointment as minister of education and second minister of finance after last year’s election, he also oversaw a closely-watched property sector as minister for national development.\nWong began his career as a civil servant, later serving as chief executive of the Energy Market Authority and as principal private secretary to Lee.\nHere are other changes to the cabinet, with the appointments taking effect on May 15, according to a statement:\n\nGan Kim Yong will be trade and industry minister\nS. Iswaran will be transport minister\nChan Chun Sing will be education minister\nOng Ye Kung will be health minister\nJosephine Teo will be communications and information minister, and continue as second minister for home affairs\nTan See Leng will be manpower minister","news_type":1},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376101178,"gmtCreate":1619095099994,"gmtModify":1704719537239,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Who's into BITC here?","listText":"Who's into BITC here?","text":"Who's into BITC here?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376101178","repostId":"1113952804","repostType":4,"repost":{"id":"1113952804","kind":"news","pubTimestamp":1619094369,"share":"https://ttm.financial/m/news/1113952804?lang=&edition=fundamental","pubTime":"2021-04-22 20:26","market":"us","language":"en","title":"ARKW Is Not A De Facto Bitcoin ETF","url":"https://stock-news.laohu8.com/highlight/detail?id=1113952804","media":"seekingalpha","summary":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitco","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.</li>\n <li>Correlation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.</li>\n <li>In contrary to popular belief, the S&amp;P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation of S&amp;P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.</li>\n <li>ARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3d804e53065a98106a8f8c70fda9b9cb\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Klaus Vedfelt/DigitalVision via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>ARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.</p>\n<p>Chart 1: Performance of ARK's 5 ETFs and the S&amp;P 500.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f517665dd9831b346afa744445f414a\" tg-width=\"640\" tg-height=\"294\"><span>Source: Author, TradingView</span></p>\n<p>ARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK&nbsp;first invested&nbsp;in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below&nbsp;$250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is&nbsp;dubbed&nbsp;as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.</p>\n<p>This may be quite uncomfortable for many investors amid the potential of becoming another&nbsp;de facto Bitcoin ETF&nbsp;like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?</p>\n<p><b>MicroStrategy, the de facto Bitcoin ETF</b></p>\n<p>MicroStrategy&nbsp;first added&nbsp;Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.</p>\n<p>By referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.</p>\n<p>Chart 2: 30-Day Rolling Correlation between MSTR and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77a110840fee547b78f6819faf44dda7\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>For this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".</p>\n<p>The answer will surprise you.</p>\n<p><b>How correlated is ARKW to Bitcoin?</b></p>\n<p>To examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.</p>\n<p>Chart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.</p>\n<p>Chart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/803b3afe57ee921de3fbbaa4356ab01f\" tg-width=\"640\" tg-height=\"207\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>When we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.</p>\n<p>Chart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4aabac26e103d3228c804476af521b5c\" tg-width=\"640\" tg-height=\"210\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.</p>\n<p>Table 1: Correlation Benchmarks</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab77f9eedd8fab40026176b1f2911ea2\" tg-width=\"390\" tg-height=\"174\"><span>Source: Laerd Statistics</span></p>\n<p>Figure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/638a2a527c7e3b213fd485bcd516b85a\" tg-width=\"640\" tg-height=\"220\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this information tells us the following:</p>\n<ul>\n <li>Correlation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.</li>\n <li>In contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.</li>\n <li>Correlation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.</li>\n</ul>\n<p>You might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.</p>\n<p><b>How are the S&amp;P 500 and other ARK's ETFs correlated to Bitcoin?</b></p>\n<p>Chart 5 shows us the 30-day rolling correlation of the S&amp;P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&amp;P 500 and ARK's ETFs to Bitcoin.</p>\n<p>The correlation of the S&amp;P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&amp;P 500 and the other ARK ETFs to Bitcoin.</p>\n<p>This is interesting because the S&amp;P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&amp;P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&amp;P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.</p>\n<p>On the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&amp;P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&amp;P 500 to Bitcoin are uniformly negative.</p>\n<p>Chart 5: 30-Day Rolling Correlation Between Assets</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/82cbd57bff48676a0b7d678efcb74d6c\" tg-width=\"640\" tg-height=\"211\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>Figure 2 shows us the correlation matrix between Bitcoin, the S&amp;P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.</p>\n<p>It can be observed that the S&amp;P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.</p>\n<p>Figure 2: 2020 and 2021 Correlation Matrix</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07eaacdb826a505087dbf5cffa3c5159\" tg-width=\"640\" tg-height=\"239\"><span>Source: Author, raw data sourced from Yahoo Finance</span></p>\n<p>In summary, this further information tells us the following:</p>\n<ul>\n <li>MSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.</li>\n <li>On the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&amp;P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.</li>\n</ul>\n<p><b>Conclusion</b></p>\n<p>So, has ARKW's exposure to Bitcoin gone way out of hand?</p>\n<p>Based on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.</p>\n<p>I had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.</p>\n<p>This article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.</p>","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>ARKW Is Not A De Facto Bitcoin ETF</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nARKW Is Not A De Facto Bitcoin ETF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 20:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf\">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","ARKW":"ARK Next Generation Internation ETF","GBTC":"Grayscale Bitcoin Trust","PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block"},"source_url":"https://seekingalpha.com/article/4420485-ark-next-generation-internet-etf-arkw-is-not-de-facto-bitcoin-etf","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1113952804","content_text":"Summary\n\nARKW may scare potential investors away due to its excess direct/indirect exposure to Bitcoin amid fear of becoming a de facto Bitcoin ETF like MicroStrategy, but data showed otherwise.\nCorrelation data shows that the correlation between ARKW and Bitcoin is time-varying where there are even instances of negative correlation despite having more than 20% direct or indirect Bitcoin exposure.\nIn contrary to popular belief, the S&P 500 and ARK's ETFs with and without direct and indirect exposures to Bitcoin or Companies with Bitcoin are similarly correlated to Bitcoin.\nCorrelation data from 2020 and 2021 indicate the correlation of S&P 500 and ARK's ETFs toward Bitcoin is weak or borderline medium at best.\nARKW's exposure to Bitcoin hasn’t gone out of hand and showed no change in dynamics, this is important such that we don’t refrain from investing in ARK's best performing fund.\n\nPhoto by Klaus Vedfelt/DigitalVision via Getty Images\nIntroduction\nARK Next Generation Internet ETF (ARKW) is ARK's historically best-performing fund, as evident from the chart below, even outperforming ARK's flagship fund (ARKK). Perhaps, Cathie Wood's vision for the future is more accurate than many thought. Society has indeed gone through significant shifts towards cloud computing, mobile enablement, new payment methods, internet of things penetration, big data, etc. True enough, companies held in ARKW enjoyed tremendous growth.\nChart 1: Performance of ARK's 5 ETFs and the S&P 500.\nSource: Author, TradingView\nARK has always been bullish on Bitcoin, and ARKW has the most exposure to Bitcoin among all the other ARK's ETFs. ARK first invested in Bitcoin via Grayscale Bitcoin Trust (OTC:GBTC) in 2015, even when Bitcoin was below $250. It seems fitting for a fund known as \"Next Generation Internet\" to get into Bitcoin since Bitcoin (BTC-USD) is dubbed as the \"money of the internet.\" Since then, several ARKW's top holdings have also got involved in Bitcoin, such as Tesla (TSLA) and Square (SQ). Currently, at least 20% of ARKW's holdings are directly or indirectly exposed to Bitcoin.\nThis may be quite uncomfortable for many investors amid the potential of becoming another de facto Bitcoin ETF like MicroStrategy (MSTR), especially to those who do not acknowledge Bitcoin. With Coinbase (COIN) being the latest addition into ARKW, has ARK's exposure to Bitcoin gone way out of hand?\nMicroStrategy, the de facto Bitcoin ETF\nMicroStrategy first added Bitcoin in August 2020 and has added a total of $2bn worth of Bitcoin to its balance sheet over the following months. Since then, MicroStrategy's share price movement is increasingly more correlated to Bitcoin. This relationship is evident when put under the lens of a rolling correlation.\nBy referring to Chart 2, we can observe that MSTR's correlation to Bitcoin is increasing as the company continued to add more Bitcoin into its balance sheet.\nChart 2: 30-Day Rolling Correlation between MSTR and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nFor this reason, I was anxious about ARKW when Tesla and Square, which are ARKW's biggest holding, started to hold Bitcoin back in 2020. But I could no longer turn a blind eye when ARKW added Coinbase into its holdings. I asked myself, \"Is ARKW becoming another de facto Bitcoin ETF?\".\nThe answer will surprise you.\nHow correlated is ARKW to Bitcoin?\nTo examine this, let's analyze ARKW's correlation in three ways: 30-day rolling correlation, correlation in 2020, and correlation in 2021.\nChart 3 tells us that the correlation between Bitcoin and ARKW is time-varying. Although ARKW has a lot of exposure to Bitcoin, its correlation is not constant, and ARKW doesn't necessarily strongly correlate with Bitcoin.\nChart 3: 30-Day Rolling Correlation Between ARKW and Bitcoin\nSource: Author, raw data sourced from Yahoo Finance\nWhen we put the correlation of ARKW and MSTR to Bitcoin together in Chart 4, we can observe a very distinct relationship. We can observe that ARKW is not that correlated to Bitcoin when compared to MSTR. ARKW's time-varying correlation fluctuates wildly, but MSTR's is steadily increasing.\nChart 4: 30-Day Rolling Correlation of ARKW and MSTR to Bitcoin.\nSource: Author, raw data sourced from Yahoo Finance\nFigure 1 (marked by red boxes) indicates the correlation between ARKW and Bitcoin is 29% and 31% in 2020 and 2021, respectively. Table 1 implies the correlation between ARKW and Bitcoin is weak or borderline medium at best.\nOn the other hand, MSTR's correlation to Bitcoin was 35% in 2020 and a whopping 65% in 2021. MSTR's correlation to Bitcoin was moderate in 2020 because it only started holding Bitcoin after August 2020. As a result, MSTR's correlation to Bitcoin in 2021 YTD became positively strong.\nTable 1: Correlation Benchmarks\nSource: Laerd Statistics\nFigure 1: Correlation Matrix for ARKW, MSTR, and Bitcoin in 2020 and 2021\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this information tells us the following:\n\nCorrelation between ARKW and Bitcoin is time-varying and can even be negative despite more than 20% exposure to Bitcoin and companies holding Bitcoin, hence no convergence in price movements. In other words, ARKW is not becoming a de facto Bitcoin ETF.\nIn contrast, MSTR's correlation to Bitcoin has been steadily increasing, showing convergence in price movements. Hence, the proposition that MSTR is becoming a de facto Bitcoin ETF cannot be strongly refuted.\nCorrelation data from 2020 and 2021 indicate the correlation between Bitcoin and ARKW is weak at best. On the other hand, the correlation data also indicated a strong correlation between MSTR and Bitcoin.\n\nYou might be thinking, 30% correlation is pretty huge. Let's now analyze this with a broader context.\nHow are the S&P 500 and other ARK's ETFs correlated to Bitcoin?\nChart 5 shows us the 30-day rolling correlation of the S&P 500, 5 ARK ETFs, and MSTR to Bitcoin. According to the chart, the time-varying correlation between MSTR and Bitcoin significantly differs from the correlations of the S&P 500 and ARK's ETFs to Bitcoin.\nThe correlation of the S&P 500 and 5 ARK's ETFs (including ARKW) to Bitcoin is actually very similar. To our surprise, the correlation between ARKW and Bitcoin doesn't seem all too different than the correlation of the S&P 500 and the other ARK ETFs to Bitcoin.\nThis is interesting because the S&P 500 and ARKG are still similarly correlated to Bitcoin despite having minimal to no Bitcoin exposure. When ARKW is strongly correlated to Bitcoin, it does it together with the S&P 500 and the other ARK ETFs. It is also interesting to observe instances where the S&P 500 and ARK's ETF are uniformly negatively correlated to Bitcoin. This shows that ARKW's excess Bitcoin-related holdings have not changed much of the fund's dynamics.\nOn the other hand, MSTR's correlation to Bitcoin was quite similar to ARK ETFs and the S&P 500 prior to adding Bitcoin to its balance sheet. However, that dynamic has drastically changed since adding Bitcoin onto its balance sheet (marked by a vertical line on Chart 5). The most notable instance is when the time-varying correlation between MSTR and Bitcoin is strongly positive when the correlations of ARK ETFs and the S&P 500 to Bitcoin are uniformly negative.\nChart 5: 30-Day Rolling Correlation Between Assets\nSource: Author, raw data sourced from Yahoo Finance\nFigure 2 shows us the correlation matrix between Bitcoin, the S&P 500, ARK's ETFs, and MSTR. The red boxes in Figure 2 contain the correlations to Bitcoin in 2020 and 2021.\nIt can be observed that the S&P 500's correlation to Bitcoin is not different compared to ARK ETFs with exposures to Bitcoin. Their correlations are weak or borderline medium at best. Even ARKG with no Bitcoin exposure is more correlated than ARKW. However, the correlation between MSTR and Bitcoin is positively strong and notably higher than the rest.\nFigure 2: 2020 and 2021 Correlation Matrix\nSource: Author, raw data sourced from Yahoo Finance\nIn summary, this further information tells us the following:\n\nMSTR's correlation to Bitcoin drastically changed after adding Bitcoin to its balance sheet. As a result, MSTR's correlation to Bitcoin became positively strong.\nOn the other hand, despite ARKW having more than 20% direct and indirect exposure to Bitcoin, the time-varying correlation between Bitcoin and ARKW is pretty much indifferent to the time-varying correlation between Bitcoin and other funds such as the S&P 500 and other ARK's ETFs. Therefore, we can safely suggest with evidence that ARKW's increased exposure to Bitcoin did not change its dynamics, and ARKW is not becoming a de facto Bitcoin ETF like MSTR.\n\nConclusion\nSo, has ARKW's exposure to Bitcoin gone way out of hand?\nBased on the results from the analysis above, we can safely say no, ARKW's exposure to Bitcoin has not gone out of hand, contrary to popular belief. Although correlation doesn't reflect causality, we could observe that the time-varying correlations between the funds and Bitcoin are moving in tandem, implying ARKW's dynamics are still intact, unlike MSTR.\nI had a growing fear that ARKW is becoming a de facto Bitcoin ETF like MicroStrategy ever since ARKW's holdings (Tesla and Square) are slowly adding more Bitcoins to their balance sheet and the latest addition of Coinbase into ARKW's holdings. Contrary to popular beliefs that ARKW is more correlated to Bitcoin than other funds with less exposure, data showed otherwise.\nThis article hopes to clear this misconception that ARKW's exposure to Bitcoin has gone out of hand and changed the fund's dynamics. This is a relief for us and is crucial for you because ARKW is ARK's historically best performing fund that outperforms even its flagship fund, ARKK. If you shy away from ARKW due to its excess Bitcoin exposure, you might lose your opportunity to invest in ARKW, ARK's historically best performing fund.","news_type":1},"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376103308,"gmtCreate":1619095029504,"gmtModify":1704719535783,"author":{"id":"3582186328332132","authorId":"3582186328332132","name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582186328332132","authorIdStr":"3582186328332132"},"themes":[],"htmlText":"Too high already?","listText":"Too high already?","text":"Too high already?","images":[{"img":"https://static.tigerbbs.com/3b2a766af26fa7808f92d37e20061275","width":"1080","height":"2519"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/376103308","isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}