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2022-11-15

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The dishwasher is full. Towels are piled in the laundry room. Bat streamers from a Ha","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/cb8b5a354d9d687bd95cdff74dddc508\" tg-width=\"1214\" tg-height=\"811\" width=\"100%\" height=\"auto\"/></p><p>Sam Bankman-Fried’s $30 million Bahamas penthouse looks like a dorm after the students have left for winter break. The dishwasher is full. Towels are piled in the laundry room. Bat streamers from a Halloween party are still hanging from a doorway. Two boxes of Legos sit on the floor of one bedroom. And then there are the shoes—dozens of sneakers and heels piled in the foyer, left behind by employees who fled the island of New Providence last month when his cryptocurrency exchangeFTX imploded.</p><p>“It’s been an interesting few weeks,” Bankman-Fried says in a chipper tone as he greets me. It’s a muggy Saturday afternoon, eight days after FTX filed for bankruptcy. He’s shoeless, in white gym socks, a red T-shirt and wrinkled khaki shorts. His standard uniform.</p><p>This isn’t part of the typical tour Bankman-Fried gave to the many reporters who came to tell the tale of the boy-genius-crypto-billionaire who slept on a beanbag chair next to his desk and only got rich so he could give it all away, and it’s easy to see why. The apartment is at the top of one of the luxury condo buildings that border a marina in a gated community called Albany. Outside, deckhands buff the stanchions of a 200-foot yacht owned by a fracking billionaire. A bronze replica of Wall Street’s<i>Charging Bull</i>statue stands on the lawn, which is as manicured as the residents. I feel like I’ve crash-landed on an alien planet populated solely by the very rich and the people who work for them.</p><p>Bankman-Fried leads me down a marble-floored hallway to a small bedroom, where he perches on a plush brown couch. Always known for being jittery, he taps his foot so hard it rattles a coffee table, smacks gum and rubs his index finger with his thumb like he’s twirling an invisible fidget spinner. But he seems almost cheerful as he explains why he’s invited me into his 12,000-square-foot bolthole, against the advice of his lawyers, even as investigators from theUS Department of Justice probewhether he used customers’ funds to prop up his hedge fund, a crime that could send him to prison for years. (Spoiler alert: It sure looks like he did.)</p><p>“What I’m focusing on is what I can do, right now, to try and make things as right as possible,” Bankman-Fried says. “I can’t do that if I’m just focused on covering my ass.”</p><p>But he seems to be doing just that, with me here and all along the apology tour he’ll later embark on, which will include a video appearance at a<i>New York Times</i>conference and an interview on<i>Good Morning America</i>. He’s been trying to blame his firm’s failure on a hazy combination of comically poor bookkeeping, wildly misjudged risks and complete ignorance of what his hedge fund was doing. In other words, an alumnus of both MIT and the elite Wall Street trading firmJane Streetis arguing that he was just dumb with the numbers—not pulling a conscious fraud. Talking in detail to journalists about what’s certain to be the subject of extensive litigation seems like an unusual strategy, but it makes sense: The press helped him create his only-honest-man-in-crypto image, so why not use them to talk his way out of trouble?</p><p><img src=\"https://static.tigerbbs.com/79b2ba9ef6da8454146f200cdc460f6e\" tg-width=\"1000\" tg-height=\"666\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Bankman-Fried after an interview on<i>Bloomberg Wealth With David Rubenstein</i>on Aug. 17, 2022.Photographer: Jeenah Moon/Bloomberg</p><p>He doesn’t say so, but one reason he might be willing to speak with me is that I’m one of the reporters who helped build him up. After spending two days at FTX’s offices in February, I flew past the brightred flagsat his company—its lack of corporate governance, the ties to his Alameda Research hedge fund, its profligate spending on marketing, the fact that it operated largely outside US jurisdiction. Iwrote a storyfocused on whether Bankman-Fried would follow through on his plans to donate huge sums to charity and his connections to an unusual philanthropic movement calledeffective altruism.</p><p>It wasn’t the most embarrassingly puffy of the many puff pieces that came out about him. (“After my interview with SBF, I was convinced: I was talking to a future trillionaire,” one writer said in an article commissioned by a venture capital firm.) But my tone wasn’t entirely dissimilar. “Bankman-Fried is a thought experiment from a college philosophy seminar come to life,” I wrote. “Should someone who wants to save the world first amass as much money and power as possible, or will the pursuit corrupt him along the way?” Now it seems pretty clear that a better question would’ve been whether the business was ascam from the start.</p><p>I tell Bankman-Fried I want to talk about the decisions that led to FTX’s collapse, and why he took them. Earlier in the week, inlate-night DM exchangeswith a<i>Vox</i>reporter and on a phone call with a YouTuber, he made comments that many interpreted as an admission that everything he said was a lie. (“So the ethics stuff, mostly a front?” the<i>Vox</i>reporter asked. “Yeah,” Bankman-Fried replied.) He’d spoken so cynically about his motivations that to many it seemed like a comic book character was pulling off his mask to reveal the villain who’d been hiding there all along.</p><p>I set out on this visit with a different working theory. Maybe I was feeling the tug of my past reporting, but I still didn’t think the talk about charity was all made up. Since he was a teenager, Bankman-Fried has described himself as utilitarian—following the philosophy that the correct action is the one likely to result in the greatest good for the greatest number of people. He said his endgame was making and donating enough money to prevent pandemics and stop runaway artificial intelligence from destroying humanity. Faced with a crisis, and believing he was the hero of his own sci-fi movie, he might’ve thought it was right to make a crazy, even illegal, gamble to save his company.</p><p>To be clear, if that’s what happened, it’s the logic of a megalomaniac, not a martyr. The money wasn’t his to gamble with, and “the ends justify the means” is a cliché of bad ethics. But if it’s what he believed, he might still think he’d made the right decision, even if it didn’t work out. It seemed to me that’s what he meant when he messaged<i>Vox</i>, “The worst quadrant is sketchy + lose. The best is win + ???” I want to probe that, in part because it might get him to talk more candidly about what had happened to his customers’ money.</p><p>I decide to approach the topic gingerly, on terms I think he’ll relate to, as it seems he’s in less of a crime-confess-y mood. He’s said he likes to evaluate decisions in terms of expected value—the odds of success times the likely payoff—so I begin by asking: “Should I judge you by your impact, or by the expected value of your decision?”</p><p>“When all is said and done, what matters is your actual realized impact. Like, that’s what actually matters to the world,” he says. “But, obviously, there’s luck.”</p><p>That’s the in I’m looking for. For the next 11 hours—with breaks for fundraising calls and a very awkward dinner—I try to get him to tell me exactly what he meant. He denies that he’s committed fraud or lied to anyone and blames FTX’s failure on his sloppiness and inattention. But at points it seems like he’s saying he got<i>un</i>lucky, or miscalculated the odds.</p><p>Bankman-Fried tells me he’s still got a chance to raise $8 billion to save his company. He seems delusional, or committed to pretending this is still an error he can fix, and either way, the few supporters remaining at his penthouse seem unlikely to set him straight. The grim scene reminds me a bit of the end of<i>Scarface</i>, with Tony Montana holed up in his mansion, semi-incoherent, his unknown enemies sneaking closer. But instead of mountains of cocaine, Bankman-Fried is clinging to spreadsheet tabs filled with wildly optimistic cryptocurrency valuations.</p><p>Think of FTX like an offshore casino. Customers sent in money, then gambled on the price of hundreds ofcryptocurrencies—not just Bitcoin or Ether, but more obscure coins. In crypto slang, the latter are called shitcoins, because almost no one knows what they’re for. But in the past few years, otherwise respectable people, from retired dentists to heads of state, convinced themselves that these coins werethe future of finance. Or at least that enough other people might think so to make the price go up. Bankman-Fried’s casino was growing so fast that earlier this year some of Silicon Valley’s top venture capitalists invested in it at a $32 billion valuation.</p><p>The problem surfaced last month. After a rival crypto-casino kingpin raised concerns about FTX on Twitter, customers rushed to cash in their chips. But when Bankman-Fried’s casino opened the vault, their money wasn’t there. According to multiple news reports citing people familiar with the matter, it had been secretly lent to Bankman-Fried’s hedge fund, which had lost it in some mix of bad bets, insane spending and perhaps something even sketchier. John Ray III, the lawyer who’s now chief executive officer of the bankrupt exchange, has alleged in court that FTX covered up the loans using secret software.</p><p>Bankman-Fried denies this again to me. Returning to the framework of expected value, I ask him if the decisions he made were correct.</p><p>“I think that I’ve made a lot of plus-EV decisions and a few very large boneheaded decisions,” he says. “Certainly in retrospect, those very large decisions were very bad, and may end up overwhelming everything else.”</p><p>The chain of events, in his telling, started about four years ago. Bankman-Fried was in Hong Kong, where he’d moved from Berkeley, California, with a small group of friends from the effective-altruism community. Together they ran a successful startup crypto hedge fund,Alameda Research. (The name itself was an early example of his casual attitude toward rules—it was chosen to avoid scrutiny from banks, which frequently closed its accounts. “If we named our company like, Shitcoin Daytraders Inc., they’d probably just reject us,” Bankman-Fried told a podcaster in 2021. “But, I mean, no one doesn’t like research.”)</p><p>The fund had made millions of dollars exploiting inefficiencies across cryptocurrency exchanges. (Ex-employees, even those otherwise critical of Bankman-Fried, have said this is true, though some have said Alameda then lost some of that money because of bad trades and mismanagement.) Bankman-Fried and his friends began considering starting their own exchange—what would become FTX.</p><p>The way Bankman-Fried later described this decision reveals his attitude toward risk. He estimated there was an 80% chance the exchange would fail to attract enough customers. But he’s said one should always take a bet, even a long-shot one, if the expected value is positive, calling this stance “risk neutral.” But it actually meant he would take risks that to a normal person sound insane. “As an individual, to make a bet where it’s like, ‘I’m going to gamble my $10 billion and either get $20 billion or $0, with equal probability,’ would be madness,” Rob Wiblin, host of an effective-altruism podcast, said to Bankman-Fried in April. “But from an altruistic point of view, it’s not so crazy.”</p><p>“Completely agree,” Bankman-Fried replied. He told another interviewer that he’d make a bet described as a chance of “51% you double the earth out somewhere else, 49% it all disappears.”</p><p>Bankman-Fried and his friends jump-started FTX by having Alameda provide liquidity. It was a huge conflict of interest. Imagine if the top executives at an online poker site also entered its high-stakes tournaments—the temptation to cheat by peeking at other players’ cards would be huge. But Bankman-Fried assured customers that Alameda would play by the same rules as everyone else, and enough people came to trade that FTX took off. “Having Alameda provide liquidity on FTX early on was the right decision, because I think that helped make FTX a great product for users, even though it obviously ended up backfiring,” Bankman-Fried tells me.</p><p>Part of FTX’s appeal was that it was mostly a derivatives exchange, which allowed customers to trade “on margin,” meaning with borrowed money. That’s a key to his defense. Bankman-Fried argues no one should be surprised that big traders on FTX, including Alameda, were borrowing from the exchange, and that his fund’s position just somehow got out of hand. “Everyone was borrowing and lending,” he says. “That’s been its calling card.” But FTX’s normal margin system, crypto traders tell me, would never have permitted anyone to accumulate a debt that looked like Alameda’s. When I ask if Alameda had to follow the same margin rules as other traders, he admits the fund did not. “There was more leeway,” he says.</p><p>That wouldn’t have been so important had Alameda stuck to its original trading strategy of relatively low-risk arbitrage trades. But in 2020 and 2021, as Bankman-Fried became the face of FTX, amajor political donorand a favorite of Silicon Valley, Alameda faced more competition in that market-making business. It shifted its strategy to, essentially, gambling on shitcoins.</p><p>As Caroline Ellison, then Alameda’s co-CEO, explained in aMarch 2021 post on Twitter: “The way to really make money is figure out when the market is going to go up and get balls long before that,” she wrote, adding that she’d learned the strategy from the classic market-manipulation memoir,<i>Reminiscences of a Stock Operator.</i>Her co-CEO said in another tweet that a profitable strategy was buying Dogecoin becauseElon Musktweeted about it.</p><p>The reason they were bragging about what sounded like a high schooler’s tactics was that it was working better than anyone knew. When we spoke in February 2022, Bankman-Fried told me that Alameda had made $1 billion the previous year. He now says that was Alameda’s arbitrage profits. On top of that, its shitcoins gained tens of billions of dollars of value, at least on paper. “If you mark everything to market, I do believe at one point my net worth got to $100 billion,” Bankman-Fried says.</p><p>Any trader would know this wasn’t nearly as good as it sounded. The large pile of tokens couldn’t be turned into cash without crashing the market. Much of it was even made of tokens that Bankman-Fried and his friends had spun up themselves, such as FTT, Serum or Maps—the official currency of a nonsensical crypto-meets-mapping app—or were closely affiliated with, like Solana. While Bankman-Fried acknowledges the pile was worth something less than $100 billion—maybe he’d mark it down a third, he says—he maintains that he could have extracted quite a lot of real money from his holdings.</p><p>But he didn’t. Instead, Alameda borrowed billions of dollars from other crypto lenders—not FTX—and sunk them into more crypto bets. Publicly, Bankman-Fried presented himself as an ethical operator andcalled for regulationto rein in crypto’s worst excesses. But through his hedge fund, he’d actually become the market’s most degenerate gambler. I ask him why, if he really thought he could sell the tokens, he didn’t. “Why not, like, take some risk off?”</p><p>“OK. In retrospect, absolutely. That would’ve been the right, like, unambiguously the right thing to do,” he says. “But also it was just, like, hilariously well-capitalized.”</p><p>Near the peak of the great shitcoin boom, in April 2022, FTX hosted a lavish conference at a resort and casino in Nassau. It was Bankman-Fried’s coming out party. He got to share the stage with quarterback Tom Brady. Also there: former Prime Minister Tony Blair and ex-President Bill Clinton, who extended a fatherly hand when the young crypto executive seemed nervous. The author Michael Lewis, who’s working on a book about Bankman-Fried, praised him in a fawning interview onstage. “You’re breaking land speed records. And I don’t think people are really noticing what’s happened, just how dramatic the revolution has become,” Lewis said, asking when crypto would take over Wall Street.</p><p>The next month, thecrypto crash began. It started when a popular set of coins called Terra and Luna collapsed, wiping out $60 billion. Terra and Luna were almost openly a Ponzi scheme, but some of the biggest crypto funds had invested in them with borrowed money and went bankrupt. This made the lenders who’d lent billions of dollars to Alameda nervous. They asked Alameda to repay the loans, with real money. It needed billions of dollars, fast, or it would go bust.</p><p>There are two different versions of what happened next. Two people with knowledge of the matter told me that Ellison, by then the sole head of Alameda, had told her side of the story to her staff amid the crisis. Ellison said that she, Bankman-Fried and his two top lieutenants—Gary Wang and Nishad Singh—had discussed the shortfall. Instead of admitting Alameda’s failure, they decided to use FTX customer funds to cover it, according to the people. If that’s true, all four executives would’ve knowingly committed fraud. (Ellison, Wang and Singh didn’t respond to messages seeking comment.)</p><p>When I put this to Bankman-Fried, he screws up his eyes, furrows his eyebrows, puts his hands in his hair and thinks for a few seconds.</p><p>“So, it’s not how I remember what happened,” Bankman-Fried says. But he surprises me by acknowledging that there had been a meeting, post-Luna crash, where they debated what to do about Alameda’s debts. The way he tells it, he was packing for a trip to DC and “only kibitzing on parts of the discussion.” It didn’t seem like a crisis, he says. It was a matter of extending a bit more credit to a fund that already traded on margin and still had a pile of collateral worth way more than enough to cover the loan. (Although the pile of collateral was largely shitcoins.)</p><p>“That was the point at which Alameda’s margin position on FTX got, well, it got more leveraged substantially,” he says. “Obviously, in retrospect, we should’ve just said no. I sort of didn’t realize then how large the position had gotten.”</p><p>“You were all aware there was a chance this would not work,” I say.</p><p>“That’s right,” he says. “But I thought that the risk was substantially smaller.”</p><p>I try to imagine what he could’ve been thinking. If FTX had liquidated Alameda’s position, the fund would’ve gone bankrupt, and even if the exchange didn’t take direct losses, customers would’ve lost confidence in it. Bankman-Fried points out that the companies that lent money to Alameda might have failed, too, causing a hard-to-predict cascade of events.</p><p>“Now let’s say you don’t margin call Alameda,” I posit. “Maybe you think there’s like a 70% chance everything will be OK, it’ll all work out?”</p><p>“Yes, but also in the cases where it didn’t work out, I thought the downside was not nearly as high as it was,” he says. “I thought that there was the risk of a much smaller hole. I thought it was going to be manageable.”</p><p>Bankman-Fried pulls out his laptop (an Acer Predator) and opens a spreadsheet to show what he meant. It’s similar to thebalance sheethe reportedly showed investors when he was seeking a last-minute bailout, which he says consolidated FTX and Alameda’s positions because by then the fund had defaulted on its debt. On one line—labeled “What I *thought*”—he lists $8.9 billion in debts and way more than enough money to pay them: $9 billion in liquid assets, $15.4 billion in “less liquid” assets and $3.2 billion in “illiquid” ones. He tells me this was more or less the position he was considering when he had the meeting with the other executives.</p><p>“It looks naively to me like, you know, there’s still some significant liabilities out there, but, like, we should be able to cover it,” he says.</p><p>“So what’s the problem, then?”</p><p>Bankman-Fried points to another place on the spreadsheet, which he says shows the actual truth of the situation at the time of the meeting. This one shows similar numbers, but with $8 billion less liquid assets.</p><p>“What’s the difference between these two rows here?” he asks.</p><p>“You didn’t have $8 billion in cash that you thought you had,” I say.</p><p>“That’s correct. Yes.”</p><p>“You misplaced $8 billion?” I ask.</p><p>“Misaccounted,” Bankman-Fried says, sounding almost proud of his explanation. Sometimes, he says, customers would wire money to Alameda Research instead of sending it directly to FTX. (Some banks were more willing to work with the hedge fund than the exchange, for some reason.) He claims that somehow, FTX’s internal accounting system double-counted this money, essentially crediting it to both the exchange and the fund.</p><p>That still doesn’t explain why the money was gone. “Where did the $8 billion go?” I ask.</p><p>To answer, Bankman-Fried creates a new tab on the spreadsheet and starts typing. He lists Alameda and FTX’s biggest cash flows. One of the biggest expenses is paying a net $2.5 billion toBinance, a rival, to buy out its investment in FTX. He also lists $250 million for real estate, $1.5 billion for expenses, $4 billion for venture capital investments, $1.5 billion for acquisitions and $1 billion labeled “fuckups.” Even accounting for both firms’ profits, and all the venture capital money raised by FTX, it tallies to negative $6.5 billion.</p><p>Bankman-Fried is telling me that the billions of dollars customers wired to Alameda is gone simply because the companies spent way more than they made. He claims he paid so little attention to his expenses that he didn’t realize he was spending more than he was taking in. “I was real lazy about this mental math,” the former physics major says. He creates another column in his spreadsheet and types in much lower numbers to show what he thought he was spending at the time.</p><p>It seems to me like he is, without saying it exactly, blaming his underlings for FTX’s failure, especially Ellison, the head of Alameda. The two had dated and lived together at times. She was part of Bankman-Fried’s Future Fund, which was supposed to distribute FTX and Alameda’s earnings to effective-altruist-approved causes. It seems unlikely she would’ve blown billions of dollars without asking. “People might take, like, the TLDR as, like, it was my ex-girlfriend’s fault,” I tell him. “That is sort of what you’re saying.”</p><p>“I think the biggest failure was that it wasn’t entirely clear whose fault it was,” he says.</p><p>Bankman-Fried tells me he has to make a call. After a while, the sun goes down and I’m hungry. I’m allowed to join a group of Bankman-Fried’s supporters for dinner, as long as I don’t mention their names.</p><p>With the curtains drawn, the living room looks considerably less grand than it does in pictures. I’ve been told that FTX employees gathered here amid the crisis, while Bankman-Fried worked in another apartment. Addled by stress and sleep deprivation, they wept and hugged one another. Most didn’t say goodbye as they left the island, one by one. Many flew back to their childhood homes to be with their parents.</p><p>The supporters at the dinner tell me they feel like the press has been unfair. They say that Bankman-Fried and his friends weren’t the polyamorous partiers the tabloids have portrayed and that they did little besides work. Earlier in the week, a Bahamian man who’d served as FTX’s round-the-clock chauffeur and gofer also told me the reports weren’t true. “People make it seem like this big<i>Wolf of Wall Street</i>thing,” he said. “Bro, it was a bunch of nerds.”</p><p><img src=\"https://static.tigerbbs.com/b87535c118f069e782e80762398d0a9c\" tg-width=\"1000\" tg-height=\"1000\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Illustration: Maxime Mouysset for Bloomberg Businessweek</p><p>By the time I finish my plate of off-the-record rice and beans, Bankman-Fried is free again. We return to the study. He’s barefoot now, having balled up his gym socks and stuffed them behind a couch cushion. He lies on the couch, his computer on his lap. The light from the screen casts shadows of his curls on his forehead.</p><p>I notice a skin-colored patch on his arm. He tells me it’s a transdermal antidepressant, selegiline. I ask if he’s using it as a performance enhancer or to treat depression. “Nothing’s binary,” he says. “But I’ve been borderline depressed for my whole life.” He adds that he also sometimes takes Adderall—“10 milligrams at a time, a few times a day”—as did some of his colleagues, but that talk of drug use is overblown. “I don’t think that was the problem,” he says.</p><p>I tell Bankman-Fried my theory about his motivation, sidestepping the question of whether he misappropriated customer funds. Bankman-Fried denies that his world-saving goals made him willing to take giant gambles. As we talk more, it seems like he’s saying he made some kind of bet but hadn’t calculated the expected value properly.</p><p>“I was comfortable taking the risk that, like, I may end up kind of falling flat,” he says, staring at his computer screen, where he had pulled up a game and was leading an army of cartoon knights and fairies into battle. “But what actually happened was disastrously bad and, like, no significant chance of that happening would’ve made sense to risk, and that was a fuckup. Like, that was a mass miscalculation in downside.”</p><p>I read Bankman-Fried a post by Will MacAskill, one of the founders of the effective-altruism movement. He recruited Bankman-Fried into it when he was a junior at MIT and this year had joined the board of Bankman-Fried’s Future Fund. On Nov. 11,MacAskill wrote on Twitterthat Bankman-Fried had betrayed him. “For years, the EA community has emphasized the importance of integrity, honesty and the respect of common-sense moral constraints,” MacAskill wrote. “If customer funds were misused, then Sam did not listen; he must have thought he was above such considerations.”</p><p>Bankman-Fried closes his eyes and pushes his toes against one arm of the couch, clenching the other arm with his hands. “That’s not how I view what happened,” he says. “But I did fuck up. I think really what I want to say is, like, I’m really fucking sorry. By far the worst thing about this is that it will tarnish the reputation of people who are dedicated to doing nothing but what they thought was best for the world.” Bankman-Fried trails off. On his computer screen, his army casts spells and swings swords unattended.</p><p>I ask what he’d say to people who are comparing him to the most famous Ponzi schemer of recent times. “Bernie Madoff also said he had good intentions and gave a lot to charity,” I say.</p><p>“FTX was a legitimate, profitable, thriving business. And I fucked up by, like, allowing a margin position to get too big on it. One that endangered the platform. It was a completely unnecessary and unforced error, which like maybe I got super unlucky on, but, like, that was my bad.”</p><p>“It fucking sucks,” he adds. “But it wasn’t inherent to what the business was. It was just a fuckup. A huge fuckup.”</p><p>To me, it doesn’t really seem like a fuckup. Even if I believe that he misplaced and accidentally spent $8 billion, he’s already told me that Alameda had been allowed to violate FTX’s margin rules. This wasn’t some little technical thing. He was so proud of FTX’s margining system that he’d been lobbying regulators for it to be used on US exchanges instead of traditional safeguards. In May, Bankman-Fried himself said on Twitter that exchanges should never extend credit to a fund and put other customers’ assets at risk. He wrote that the idea an exchange would even have that discretion was “scary.” I read him the tweets and ask: “Isn’t that, like, exactly what you did, right around that time?”</p><p>“Yeah, I guess that’s kind of fair,” he says. Then he seems to claim that this was evidence the rules he was lobbying for were a good idea. “I think this is one of the things that would have stopped.”</p><p>“You had a rule on your platform. You didn’t follow it,” I say.</p><p>By now it’s past midnight, and—operating without the benefit of any prescription stimulants—I’m worn out. I ask Bankman-Fried if I can see the apartment’s deck before I leave. Outside, crickets chirp as we stand by the pool. The marina is dark, lit only by the spotlights of yachts. As I say goodbye, Bankman-Fried bites into a burger bun and starts talking about potential bailouts with one of his supporters.</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>11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall</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\">\n11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-03 07:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/features/2022-12-02/inside-sam-bankman-fried-s-bahamian-penthouse-after-ftx-s-collapse?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sam Bankman-Fried’s $30 million Bahamas penthouse looks like a dorm after the students have left for winter break. The dishwasher is full. Towels are piled in the laundry room. Bat streamers from a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2022-12-02/inside-sam-bankman-fried-s-bahamian-penthouse-after-ftx-s-collapse?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":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/features/2022-12-02/inside-sam-bankman-fried-s-bahamian-penthouse-after-ftx-s-collapse?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152464265","content_text":"Sam Bankman-Fried’s $30 million Bahamas penthouse looks like a dorm after the students have left for winter break. The dishwasher is full. Towels are piled in the laundry room. Bat streamers from a Halloween party are still hanging from a doorway. Two boxes of Legos sit on the floor of one bedroom. And then there are the shoes—dozens of sneakers and heels piled in the foyer, left behind by employees who fled the island of New Providence last month when his cryptocurrency exchangeFTX imploded.“It’s been an interesting few weeks,” Bankman-Fried says in a chipper tone as he greets me. It’s a muggy Saturday afternoon, eight days after FTX filed for bankruptcy. He’s shoeless, in white gym socks, a red T-shirt and wrinkled khaki shorts. His standard uniform.This isn’t part of the typical tour Bankman-Fried gave to the many reporters who came to tell the tale of the boy-genius-crypto-billionaire who slept on a beanbag chair next to his desk and only got rich so he could give it all away, and it’s easy to see why. The apartment is at the top of one of the luxury condo buildings that border a marina in a gated community called Albany. Outside, deckhands buff the stanchions of a 200-foot yacht owned by a fracking billionaire. A bronze replica of Wall Street’sCharging Bullstatue stands on the lawn, which is as manicured as the residents. I feel like I’ve crash-landed on an alien planet populated solely by the very rich and the people who work for them.Bankman-Fried leads me down a marble-floored hallway to a small bedroom, where he perches on a plush brown couch. Always known for being jittery, he taps his foot so hard it rattles a coffee table, smacks gum and rubs his index finger with his thumb like he’s twirling an invisible fidget spinner. But he seems almost cheerful as he explains why he’s invited me into his 12,000-square-foot bolthole, against the advice of his lawyers, even as investigators from theUS Department of Justice probewhether he used customers’ funds to prop up his hedge fund, a crime that could send him to prison for years. (Spoiler alert: It sure looks like he did.)“What I’m focusing on is what I can do, right now, to try and make things as right as possible,” Bankman-Fried says. “I can’t do that if I’m just focused on covering my ass.”But he seems to be doing just that, with me here and all along the apology tour he’ll later embark on, which will include a video appearance at aNew York Timesconference and an interview onGood Morning America. He’s been trying to blame his firm’s failure on a hazy combination of comically poor bookkeeping, wildly misjudged risks and complete ignorance of what his hedge fund was doing. In other words, an alumnus of both MIT and the elite Wall Street trading firmJane Streetis arguing that he was just dumb with the numbers—not pulling a conscious fraud. Talking in detail to journalists about what’s certain to be the subject of extensive litigation seems like an unusual strategy, but it makes sense: The press helped him create his only-honest-man-in-crypto image, so why not use them to talk his way out of trouble?Bankman-Fried after an interview onBloomberg Wealth With David Rubensteinon Aug. 17, 2022.Photographer: Jeenah Moon/BloombergHe doesn’t say so, but one reason he might be willing to speak with me is that I’m one of the reporters who helped build him up. After spending two days at FTX’s offices in February, I flew past the brightred flagsat his company—its lack of corporate governance, the ties to his Alameda Research hedge fund, its profligate spending on marketing, the fact that it operated largely outside US jurisdiction. Iwrote a storyfocused on whether Bankman-Fried would follow through on his plans to donate huge sums to charity and his connections to an unusual philanthropic movement calledeffective altruism.It wasn’t the most embarrassingly puffy of the many puff pieces that came out about him. (“After my interview with SBF, I was convinced: I was talking to a future trillionaire,” one writer said in an article commissioned by a venture capital firm.) But my tone wasn’t entirely dissimilar. “Bankman-Fried is a thought experiment from a college philosophy seminar come to life,” I wrote. “Should someone who wants to save the world first amass as much money and power as possible, or will the pursuit corrupt him along the way?” Now it seems pretty clear that a better question would’ve been whether the business was ascam from the start.I tell Bankman-Fried I want to talk about the decisions that led to FTX’s collapse, and why he took them. Earlier in the week, inlate-night DM exchangeswith aVoxreporter and on a phone call with a YouTuber, he made comments that many interpreted as an admission that everything he said was a lie. (“So the ethics stuff, mostly a front?” theVoxreporter asked. “Yeah,” Bankman-Fried replied.) He’d spoken so cynically about his motivations that to many it seemed like a comic book character was pulling off his mask to reveal the villain who’d been hiding there all along.I set out on this visit with a different working theory. Maybe I was feeling the tug of my past reporting, but I still didn’t think the talk about charity was all made up. Since he was a teenager, Bankman-Fried has described himself as utilitarian—following the philosophy that the correct action is the one likely to result in the greatest good for the greatest number of people. He said his endgame was making and donating enough money to prevent pandemics and stop runaway artificial intelligence from destroying humanity. Faced with a crisis, and believing he was the hero of his own sci-fi movie, he might’ve thought it was right to make a crazy, even illegal, gamble to save his company.To be clear, if that’s what happened, it’s the logic of a megalomaniac, not a martyr. The money wasn’t his to gamble with, and “the ends justify the means” is a cliché of bad ethics. But if it’s what he believed, he might still think he’d made the right decision, even if it didn’t work out. It seemed to me that’s what he meant when he messagedVox, “The worst quadrant is sketchy + lose. The best is win + ???” I want to probe that, in part because it might get him to talk more candidly about what had happened to his customers’ money.I decide to approach the topic gingerly, on terms I think he’ll relate to, as it seems he’s in less of a crime-confess-y mood. He’s said he likes to evaluate decisions in terms of expected value—the odds of success times the likely payoff—so I begin by asking: “Should I judge you by your impact, or by the expected value of your decision?”“When all is said and done, what matters is your actual realized impact. Like, that’s what actually matters to the world,” he says. “But, obviously, there’s luck.”That’s the in I’m looking for. For the next 11 hours—with breaks for fundraising calls and a very awkward dinner—I try to get him to tell me exactly what he meant. He denies that he’s committed fraud or lied to anyone and blames FTX’s failure on his sloppiness and inattention. But at points it seems like he’s saying he gotunlucky, or miscalculated the odds.Bankman-Fried tells me he’s still got a chance to raise $8 billion to save his company. He seems delusional, or committed to pretending this is still an error he can fix, and either way, the few supporters remaining at his penthouse seem unlikely to set him straight. The grim scene reminds me a bit of the end ofScarface, with Tony Montana holed up in his mansion, semi-incoherent, his unknown enemies sneaking closer. But instead of mountains of cocaine, Bankman-Fried is clinging to spreadsheet tabs filled with wildly optimistic cryptocurrency valuations.Think of FTX like an offshore casino. Customers sent in money, then gambled on the price of hundreds ofcryptocurrencies—not just Bitcoin or Ether, but more obscure coins. In crypto slang, the latter are called shitcoins, because almost no one knows what they’re for. But in the past few years, otherwise respectable people, from retired dentists to heads of state, convinced themselves that these coins werethe future of finance. Or at least that enough other people might think so to make the price go up. Bankman-Fried’s casino was growing so fast that earlier this year some of Silicon Valley’s top venture capitalists invested in it at a $32 billion valuation.The problem surfaced last month. After a rival crypto-casino kingpin raised concerns about FTX on Twitter, customers rushed to cash in their chips. But when Bankman-Fried’s casino opened the vault, their money wasn’t there. According to multiple news reports citing people familiar with the matter, it had been secretly lent to Bankman-Fried’s hedge fund, which had lost it in some mix of bad bets, insane spending and perhaps something even sketchier. John Ray III, the lawyer who’s now chief executive officer of the bankrupt exchange, has alleged in court that FTX covered up the loans using secret software.Bankman-Fried denies this again to me. Returning to the framework of expected value, I ask him if the decisions he made were correct.“I think that I’ve made a lot of plus-EV decisions and a few very large boneheaded decisions,” he says. “Certainly in retrospect, those very large decisions were very bad, and may end up overwhelming everything else.”The chain of events, in his telling, started about four years ago. Bankman-Fried was in Hong Kong, where he’d moved from Berkeley, California, with a small group of friends from the effective-altruism community. Together they ran a successful startup crypto hedge fund,Alameda Research. (The name itself was an early example of his casual attitude toward rules—it was chosen to avoid scrutiny from banks, which frequently closed its accounts. “If we named our company like, Shitcoin Daytraders Inc., they’d probably just reject us,” Bankman-Fried told a podcaster in 2021. “But, I mean, no one doesn’t like research.”)The fund had made millions of dollars exploiting inefficiencies across cryptocurrency exchanges. (Ex-employees, even those otherwise critical of Bankman-Fried, have said this is true, though some have said Alameda then lost some of that money because of bad trades and mismanagement.) Bankman-Fried and his friends began considering starting their own exchange—what would become FTX.The way Bankman-Fried later described this decision reveals his attitude toward risk. He estimated there was an 80% chance the exchange would fail to attract enough customers. But he’s said one should always take a bet, even a long-shot one, if the expected value is positive, calling this stance “risk neutral.” But it actually meant he would take risks that to a normal person sound insane. “As an individual, to make a bet where it’s like, ‘I’m going to gamble my $10 billion and either get $20 billion or $0, with equal probability,’ would be madness,” Rob Wiblin, host of an effective-altruism podcast, said to Bankman-Fried in April. “But from an altruistic point of view, it’s not so crazy.”“Completely agree,” Bankman-Fried replied. He told another interviewer that he’d make a bet described as a chance of “51% you double the earth out somewhere else, 49% it all disappears.”Bankman-Fried and his friends jump-started FTX by having Alameda provide liquidity. It was a huge conflict of interest. Imagine if the top executives at an online poker site also entered its high-stakes tournaments—the temptation to cheat by peeking at other players’ cards would be huge. But Bankman-Fried assured customers that Alameda would play by the same rules as everyone else, and enough people came to trade that FTX took off. “Having Alameda provide liquidity on FTX early on was the right decision, because I think that helped make FTX a great product for users, even though it obviously ended up backfiring,” Bankman-Fried tells me.Part of FTX’s appeal was that it was mostly a derivatives exchange, which allowed customers to trade “on margin,” meaning with borrowed money. That’s a key to his defense. Bankman-Fried argues no one should be surprised that big traders on FTX, including Alameda, were borrowing from the exchange, and that his fund’s position just somehow got out of hand. “Everyone was borrowing and lending,” he says. “That’s been its calling card.” But FTX’s normal margin system, crypto traders tell me, would never have permitted anyone to accumulate a debt that looked like Alameda’s. When I ask if Alameda had to follow the same margin rules as other traders, he admits the fund did not. “There was more leeway,” he says.That wouldn’t have been so important had Alameda stuck to its original trading strategy of relatively low-risk arbitrage trades. But in 2020 and 2021, as Bankman-Fried became the face of FTX, amajor political donorand a favorite of Silicon Valley, Alameda faced more competition in that market-making business. It shifted its strategy to, essentially, gambling on shitcoins.As Caroline Ellison, then Alameda’s co-CEO, explained in aMarch 2021 post on Twitter: “The way to really make money is figure out when the market is going to go up and get balls long before that,” she wrote, adding that she’d learned the strategy from the classic market-manipulation memoir,Reminiscences of a Stock Operator.Her co-CEO said in another tweet that a profitable strategy was buying Dogecoin becauseElon Musktweeted about it.The reason they were bragging about what sounded like a high schooler’s tactics was that it was working better than anyone knew. When we spoke in February 2022, Bankman-Fried told me that Alameda had made $1 billion the previous year. He now says that was Alameda’s arbitrage profits. On top of that, its shitcoins gained tens of billions of dollars of value, at least on paper. “If you mark everything to market, I do believe at one point my net worth got to $100 billion,” Bankman-Fried says.Any trader would know this wasn’t nearly as good as it sounded. The large pile of tokens couldn’t be turned into cash without crashing the market. Much of it was even made of tokens that Bankman-Fried and his friends had spun up themselves, such as FTT, Serum or Maps—the official currency of a nonsensical crypto-meets-mapping app—or were closely affiliated with, like Solana. While Bankman-Fried acknowledges the pile was worth something less than $100 billion—maybe he’d mark it down a third, he says—he maintains that he could have extracted quite a lot of real money from his holdings.But he didn’t. Instead, Alameda borrowed billions of dollars from other crypto lenders—not FTX—and sunk them into more crypto bets. Publicly, Bankman-Fried presented himself as an ethical operator andcalled for regulationto rein in crypto’s worst excesses. But through his hedge fund, he’d actually become the market’s most degenerate gambler. I ask him why, if he really thought he could sell the tokens, he didn’t. “Why not, like, take some risk off?”“OK. In retrospect, absolutely. That would’ve been the right, like, unambiguously the right thing to do,” he says. “But also it was just, like, hilariously well-capitalized.”Near the peak of the great shitcoin boom, in April 2022, FTX hosted a lavish conference at a resort and casino in Nassau. It was Bankman-Fried’s coming out party. He got to share the stage with quarterback Tom Brady. Also there: former Prime Minister Tony Blair and ex-President Bill Clinton, who extended a fatherly hand when the young crypto executive seemed nervous. The author Michael Lewis, who’s working on a book about Bankman-Fried, praised him in a fawning interview onstage. “You’re breaking land speed records. And I don’t think people are really noticing what’s happened, just how dramatic the revolution has become,” Lewis said, asking when crypto would take over Wall Street.The next month, thecrypto crash began. It started when a popular set of coins called Terra and Luna collapsed, wiping out $60 billion. Terra and Luna were almost openly a Ponzi scheme, but some of the biggest crypto funds had invested in them with borrowed money and went bankrupt. This made the lenders who’d lent billions of dollars to Alameda nervous. They asked Alameda to repay the loans, with real money. It needed billions of dollars, fast, or it would go bust.There are two different versions of what happened next. Two people with knowledge of the matter told me that Ellison, by then the sole head of Alameda, had told her side of the story to her staff amid the crisis. Ellison said that she, Bankman-Fried and his two top lieutenants—Gary Wang and Nishad Singh—had discussed the shortfall. Instead of admitting Alameda’s failure, they decided to use FTX customer funds to cover it, according to the people. If that’s true, all four executives would’ve knowingly committed fraud. (Ellison, Wang and Singh didn’t respond to messages seeking comment.)When I put this to Bankman-Fried, he screws up his eyes, furrows his eyebrows, puts his hands in his hair and thinks for a few seconds.“So, it’s not how I remember what happened,” Bankman-Fried says. But he surprises me by acknowledging that there had been a meeting, post-Luna crash, where they debated what to do about Alameda’s debts. The way he tells it, he was packing for a trip to DC and “only kibitzing on parts of the discussion.” It didn’t seem like a crisis, he says. It was a matter of extending a bit more credit to a fund that already traded on margin and still had a pile of collateral worth way more than enough to cover the loan. (Although the pile of collateral was largely shitcoins.)“That was the point at which Alameda’s margin position on FTX got, well, it got more leveraged substantially,” he says. “Obviously, in retrospect, we should’ve just said no. I sort of didn’t realize then how large the position had gotten.”“You were all aware there was a chance this would not work,” I say.“That’s right,” he says. “But I thought that the risk was substantially smaller.”I try to imagine what he could’ve been thinking. If FTX had liquidated Alameda’s position, the fund would’ve gone bankrupt, and even if the exchange didn’t take direct losses, customers would’ve lost confidence in it. Bankman-Fried points out that the companies that lent money to Alameda might have failed, too, causing a hard-to-predict cascade of events.“Now let’s say you don’t margin call Alameda,” I posit. “Maybe you think there’s like a 70% chance everything will be OK, it’ll all work out?”“Yes, but also in the cases where it didn’t work out, I thought the downside was not nearly as high as it was,” he says. “I thought that there was the risk of a much smaller hole. I thought it was going to be manageable.”Bankman-Fried pulls out his laptop (an Acer Predator) and opens a spreadsheet to show what he meant. It’s similar to thebalance sheethe reportedly showed investors when he was seeking a last-minute bailout, which he says consolidated FTX and Alameda’s positions because by then the fund had defaulted on its debt. On one line—labeled “What I *thought*”—he lists $8.9 billion in debts and way more than enough money to pay them: $9 billion in liquid assets, $15.4 billion in “less liquid” assets and $3.2 billion in “illiquid” ones. He tells me this was more or less the position he was considering when he had the meeting with the other executives.“It looks naively to me like, you know, there’s still some significant liabilities out there, but, like, we should be able to cover it,” he says.“So what’s the problem, then?”Bankman-Fried points to another place on the spreadsheet, which he says shows the actual truth of the situation at the time of the meeting. This one shows similar numbers, but with $8 billion less liquid assets.“What’s the difference between these two rows here?” he asks.“You didn’t have $8 billion in cash that you thought you had,” I say.“That’s correct. Yes.”“You misplaced $8 billion?” I ask.“Misaccounted,” Bankman-Fried says, sounding almost proud of his explanation. Sometimes, he says, customers would wire money to Alameda Research instead of sending it directly to FTX. (Some banks were more willing to work with the hedge fund than the exchange, for some reason.) He claims that somehow, FTX’s internal accounting system double-counted this money, essentially crediting it to both the exchange and the fund.That still doesn’t explain why the money was gone. “Where did the $8 billion go?” I ask.To answer, Bankman-Fried creates a new tab on the spreadsheet and starts typing. He lists Alameda and FTX’s biggest cash flows. One of the biggest expenses is paying a net $2.5 billion toBinance, a rival, to buy out its investment in FTX. He also lists $250 million for real estate, $1.5 billion for expenses, $4 billion for venture capital investments, $1.5 billion for acquisitions and $1 billion labeled “fuckups.” Even accounting for both firms’ profits, and all the venture capital money raised by FTX, it tallies to negative $6.5 billion.Bankman-Fried is telling me that the billions of dollars customers wired to Alameda is gone simply because the companies spent way more than they made. He claims he paid so little attention to his expenses that he didn’t realize he was spending more than he was taking in. “I was real lazy about this mental math,” the former physics major says. He creates another column in his spreadsheet and types in much lower numbers to show what he thought he was spending at the time.It seems to me like he is, without saying it exactly, blaming his underlings for FTX’s failure, especially Ellison, the head of Alameda. The two had dated and lived together at times. She was part of Bankman-Fried’s Future Fund, which was supposed to distribute FTX and Alameda’s earnings to effective-altruist-approved causes. It seems unlikely she would’ve blown billions of dollars without asking. “People might take, like, the TLDR as, like, it was my ex-girlfriend’s fault,” I tell him. “That is sort of what you’re saying.”“I think the biggest failure was that it wasn’t entirely clear whose fault it was,” he says.Bankman-Fried tells me he has to make a call. After a while, the sun goes down and I’m hungry. I’m allowed to join a group of Bankman-Fried’s supporters for dinner, as long as I don’t mention their names.With the curtains drawn, the living room looks considerably less grand than it does in pictures. I’ve been told that FTX employees gathered here amid the crisis, while Bankman-Fried worked in another apartment. Addled by stress and sleep deprivation, they wept and hugged one another. Most didn’t say goodbye as they left the island, one by one. Many flew back to their childhood homes to be with their parents.The supporters at the dinner tell me they feel like the press has been unfair. They say that Bankman-Fried and his friends weren’t the polyamorous partiers the tabloids have portrayed and that they did little besides work. Earlier in the week, a Bahamian man who’d served as FTX’s round-the-clock chauffeur and gofer also told me the reports weren’t true. “People make it seem like this bigWolf of Wall Streetthing,” he said. “Bro, it was a bunch of nerds.”Illustration: Maxime Mouysset for Bloomberg BusinessweekBy the time I finish my plate of off-the-record rice and beans, Bankman-Fried is free again. We return to the study. He’s barefoot now, having balled up his gym socks and stuffed them behind a couch cushion. He lies on the couch, his computer on his lap. The light from the screen casts shadows of his curls on his forehead.I notice a skin-colored patch on his arm. He tells me it’s a transdermal antidepressant, selegiline. I ask if he’s using it as a performance enhancer or to treat depression. “Nothing’s binary,” he says. “But I’ve been borderline depressed for my whole life.” He adds that he also sometimes takes Adderall—“10 milligrams at a time, a few times a day”—as did some of his colleagues, but that talk of drug use is overblown. “I don’t think that was the problem,” he says.I tell Bankman-Fried my theory about his motivation, sidestepping the question of whether he misappropriated customer funds. Bankman-Fried denies that his world-saving goals made him willing to take giant gambles. As we talk more, it seems like he’s saying he made some kind of bet but hadn’t calculated the expected value properly.“I was comfortable taking the risk that, like, I may end up kind of falling flat,” he says, staring at his computer screen, where he had pulled up a game and was leading an army of cartoon knights and fairies into battle. “But what actually happened was disastrously bad and, like, no significant chance of that happening would’ve made sense to risk, and that was a fuckup. Like, that was a mass miscalculation in downside.”I read Bankman-Fried a post by Will MacAskill, one of the founders of the effective-altruism movement. He recruited Bankman-Fried into it when he was a junior at MIT and this year had joined the board of Bankman-Fried’s Future Fund. On Nov. 11,MacAskill wrote on Twitterthat Bankman-Fried had betrayed him. “For years, the EA community has emphasized the importance of integrity, honesty and the respect of common-sense moral constraints,” MacAskill wrote. “If customer funds were misused, then Sam did not listen; he must have thought he was above such considerations.”Bankman-Fried closes his eyes and pushes his toes against one arm of the couch, clenching the other arm with his hands. “That’s not how I view what happened,” he says. “But I did fuck up. I think really what I want to say is, like, I’m really fucking sorry. By far the worst thing about this is that it will tarnish the reputation of people who are dedicated to doing nothing but what they thought was best for the world.” Bankman-Fried trails off. On his computer screen, his army casts spells and swings swords unattended.I ask what he’d say to people who are comparing him to the most famous Ponzi schemer of recent times. “Bernie Madoff also said he had good intentions and gave a lot to charity,” I say.“FTX was a legitimate, profitable, thriving business. And I fucked up by, like, allowing a margin position to get too big on it. One that endangered the platform. It was a completely unnecessary and unforced error, which like maybe I got super unlucky on, but, like, that was my bad.”“It fucking sucks,” he adds. “But it wasn’t inherent to what the business was. It was just a fuckup. A huge fuckup.”To me, it doesn’t really seem like a fuckup. Even if I believe that he misplaced and accidentally spent $8 billion, he’s already told me that Alameda had been allowed to violate FTX’s margin rules. This wasn’t some little technical thing. He was so proud of FTX’s margining system that he’d been lobbying regulators for it to be used on US exchanges instead of traditional safeguards. In May, Bankman-Fried himself said on Twitter that exchanges should never extend credit to a fund and put other customers’ assets at risk. He wrote that the idea an exchange would even have that discretion was “scary.” I read him the tweets and ask: “Isn’t that, like, exactly what you did, right around that time?”“Yeah, I guess that’s kind of fair,” he says. Then he seems to claim that this was evidence the rules he was lobbying for were a good idea. “I think this is one of the things that would have stopped.”“You had a rule on your platform. You didn’t follow it,” I say.By now it’s past midnight, and—operating without the benefit of any prescription stimulants—I’m worn out. I ask Bankman-Fried if I can see the apartment’s deck before I leave. Outside, crickets chirp as we stand by the pool. The marina is dark, lit only by the spotlights of yachts. As I say goodbye, Bankman-Fried bites into a burger bun and starts talking about potential bailouts with one of his supporters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964988409,"gmtCreate":1670051060602,"gmtModify":1676538296078,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964988409","repostId":"2288939123","repostType":4,"repost":{"id":"2288939123","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":1669968646,"share":"https://www.laohu8.com/m/news/2288939123?lang=&edition=full","pubTime":"2022-12-02 16:10","market":"us","language":"en","title":"Australia Says Law Making Facebook and Google Pay for News Has Worked","url":"https://stock-news.laohu8.com/highlight/detail?id=2288939123","media":"Reuters","summary":"An Australian law giving the government power to make internet giants Facebook owner Meta Platforms ","content":"<html><head></head><body><p>An Australian law giving the government power to make internet giants Facebook owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> and Alphabet Inc&#39;s Google negotiate content supply deals with media outlets has largely worked, a government report said.</p><p>But the law, which took effect in March 2021 after talks with the big tech firms led to a brief shutdown of Facebook news feeds in the country, may need to be extended to other online platforms, the review said.</p><p>Since the News Media Bargaining Code took effect, the tech firms had inked more than 30 deals with media outlets compensating them for content which generated clicks and advertising dollars, said the Treasury department report, published late Thursday.</p><p>&#34;At least some of these agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations,&#34; said the report.</p><p>&#34;While views on the success or otherwise of the Code will invariably differ, we consider it is reasonable to conclude that the Code has been a success to date.&#34;</p><p>The report mostly recommended that the government consider new methods of assessing the administration and effectiveness of the law, and did not suggest changing the law itself.</p><p>But it did note the law lacked &#34;a formal mechanism to extend the Code to other platforms&#34;, and suggested the government order the competition regulator, which led the design of the law, to &#34;prepare reports on this question&#34;.</p><p>&#34;The review shows the Code has been successful balancing bargaining power between news media and digital platforms,&#34; said Assistant Treasurer Stephen Jones.</p><p>&#34;Digital platforms must continue to negotiate in good faith with news businesses to ensure they are fairly remunerated for the news content they create.&#34;</p><p>Google director of government affairs and public policy in Australia Lucinda Longcroft said the company had &#34;furthered our significant contribution to the Australian news industry&#34; by signing deals representing 200 mastheads across the country and &#34;the majority of these outlets are regional or local&#34;.</p><p>Meta declined to comment.</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>Australia Says Law Making Facebook and Google Pay for News Has Worked</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\">\nAustralia Says Law Making Facebook and Google Pay for News Has Worked\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-02 16:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>An Australian law giving the government power to make internet giants Facebook owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> and Alphabet Inc&#39;s Google negotiate content supply deals with media outlets has largely worked, a government report said.</p><p>But the law, which took effect in March 2021 after talks with the big tech firms led to a brief shutdown of Facebook news feeds in the country, may need to be extended to other online platforms, the review said.</p><p>Since the News Media Bargaining Code took effect, the tech firms had inked more than 30 deals with media outlets compensating them for content which generated clicks and advertising dollars, said the Treasury department report, published late Thursday.</p><p>&#34;At least some of these agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations,&#34; said the report.</p><p>&#34;While views on the success or otherwise of the Code will invariably differ, we consider it is reasonable to conclude that the Code has been a success to date.&#34;</p><p>The report mostly recommended that the government consider new methods of assessing the administration and effectiveness of the law, and did not suggest changing the law itself.</p><p>But it did note the law lacked &#34;a formal mechanism to extend the Code to other platforms&#34;, and suggested the government order the competition regulator, which led the design of the law, to &#34;prepare reports on this question&#34;.</p><p>&#34;The review shows the Code has been successful balancing bargaining power between news media and digital platforms,&#34; said Assistant Treasurer Stephen Jones.</p><p>&#34;Digital platforms must continue to negotiate in good faith with news businesses to ensure they are fairly remunerated for the news content they create.&#34;</p><p>Google director of government affairs and public policy in Australia Lucinda Longcroft said the company had &#34;furthered our significant contribution to the Australian news industry&#34; by signing deals representing 200 mastheads across the country and &#34;the majority of these outlets are regional or local&#34;.</p><p>Meta declined to comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","META":"Meta Platforms"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288939123","content_text":"An Australian law giving the government power to make internet giants Facebook owner Meta Platforms and Alphabet Inc's Google negotiate content supply deals with media outlets has largely worked, a government report said.But the law, which took effect in March 2021 after talks with the big tech firms led to a brief shutdown of Facebook news feeds in the country, may need to be extended to other online platforms, the review said.Since the News Media Bargaining Code took effect, the tech firms had inked more than 30 deals with media outlets compensating them for content which generated clicks and advertising dollars, said the Treasury department report, published late Thursday.\"At least some of these agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations,\" said the report.\"While views on the success or otherwise of the Code will invariably differ, we consider it is reasonable to conclude that the Code has been a success to date.\"The report mostly recommended that the government consider new methods of assessing the administration and effectiveness of the law, and did not suggest changing the law itself.But it did note the law lacked \"a formal mechanism to extend the Code to other platforms\", and suggested the government order the competition regulator, which led the design of the law, to \"prepare reports on this question\".\"The review shows the Code has been successful balancing bargaining power between news media and digital platforms,\" said Assistant Treasurer Stephen Jones.\"Digital platforms must continue to negotiate in good faith with news businesses to ensure they are fairly remunerated for the news content they create.\"Google director of government affairs and public policy in Australia Lucinda Longcroft said the company had \"furthered our significant contribution to the Australian news industry\" by signing deals representing 200 mastheads across the country and \"the majority of these outlets are regional or local\".Meta declined to comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964988547,"gmtCreate":1670051048289,"gmtModify":1676538296077,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964988547","repostId":"1100010048","repostType":4,"repost":{"id":"1100010048","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":1669972310,"share":"https://www.laohu8.com/m/news/1100010048?lang=&edition=full","pubTime":"2022-12-02 17:11","market":"us","language":"en","title":"Zscaler Stock Drops 9% Premarket Despite Earnings Beat","url":"https://stock-news.laohu8.com/highlight/detail?id=1100010048","media":"Tiger Newspress","summary":"Zscaler Inc. stock fell over 9% premarket even as the cybersecurity company beat on earnings and off","content":"<html><head></head><body><p>Zscaler Inc. stock fell over 9% premarket even as the cybersecurity company beat on earnings and offered an outlook that was just above the Wall Street consensus.<img src=\"https://static.tigerbbs.com/461233225156d081a568c7959715b1cc\" tg-width=\"785\" tg-height=\"675\" referrerpolicy=\"no-referrer\"/>The company reported a fiscal first-quarter loss of $68.2 million, or 48 cents a share, compared with a loss of $90.8 million, or 65 cents a share, in the year-ago period. Adjusted net income, which excludes stock-based compensation and other items, was 29 cents a share, compared with 14 cents a share in the year-ago period.</p><p>Revenue rose to $355.5 million from $230.5 million in the year-ago quarter, the company said. Calculated billings, or revenue plus deferred revenue acquired over the quarter, rose to 37% to $340.1 million from the year-ago period.</p><p>Analysts surveyed by FactSet had forecast earnings of 26 cents a share on revenue of $340.7 million and billings of $333.1 million.</p><p>Last quarter, Zscaler exceeded Wall Street expectations across the board, and the stock logged its best one-day performance since the company went public in 2018.</p><p>Zscaler said it expects adjusted earnings of 29 cents to 30 cents a share on revenue of $364 million to $366 million for the fiscal second quarter. Analysts estimate 26 cents a share on revenue of $325.1 million and billings of $355.3 million for the quarter.</p><p>The company also forecast adjusted earnings of $1.23  to $1.25 a share on revenue of about $1.53 billion for the year and billings of $1.93 billion to $1.94 billion.</p><p>Analysts had forecast earnings of $1.18 a share on revenue of $1.5 billion and billings of $1.93 billion for the year.</p><p>As of Thursday’s close, the stock is down 55% year to date, compared with a 15% loss by the S&amp;P 500 index a 27% decline on the tech-heavy Nasdaq Composite Index and a 23% decline on the ETFMG Prime Cyber Security ETF.</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>Zscaler Stock Drops 9% Premarket Despite Earnings Beat</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\">\nZscaler Stock Drops 9% Premarket Despite Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-02 17:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Zscaler Inc. stock fell over 9% premarket even as the cybersecurity company beat on earnings and offered an outlook that was just above the Wall Street consensus.<img src=\"https://static.tigerbbs.com/461233225156d081a568c7959715b1cc\" tg-width=\"785\" tg-height=\"675\" referrerpolicy=\"no-referrer\"/>The company reported a fiscal first-quarter loss of $68.2 million, or 48 cents a share, compared with a loss of $90.8 million, or 65 cents a share, in the year-ago period. Adjusted net income, which excludes stock-based compensation and other items, was 29 cents a share, compared with 14 cents a share in the year-ago period.</p><p>Revenue rose to $355.5 million from $230.5 million in the year-ago quarter, the company said. Calculated billings, or revenue plus deferred revenue acquired over the quarter, rose to 37% to $340.1 million from the year-ago period.</p><p>Analysts surveyed by FactSet had forecast earnings of 26 cents a share on revenue of $340.7 million and billings of $333.1 million.</p><p>Last quarter, Zscaler exceeded Wall Street expectations across the board, and the stock logged its best one-day performance since the company went public in 2018.</p><p>Zscaler said it expects adjusted earnings of 29 cents to 30 cents a share on revenue of $364 million to $366 million for the fiscal second quarter. Analysts estimate 26 cents a share on revenue of $325.1 million and billings of $355.3 million for the quarter.</p><p>The company also forecast adjusted earnings of $1.23  to $1.25 a share on revenue of about $1.53 billion for the year and billings of $1.93 billion to $1.94 billion.</p><p>Analysts had forecast earnings of $1.18 a share on revenue of $1.5 billion and billings of $1.93 billion for the year.</p><p>As of Thursday’s close, the stock is down 55% year to date, compared with a 15% loss by the S&amp;P 500 index a 27% decline on the tech-heavy Nasdaq Composite Index and a 23% decline on the ETFMG Prime Cyber Security ETF.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZS":"Zscaler Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100010048","content_text":"Zscaler Inc. stock fell over 9% premarket even as the cybersecurity company beat on earnings and offered an outlook that was just above the Wall Street consensus.The company reported a fiscal first-quarter loss of $68.2 million, or 48 cents a share, compared with a loss of $90.8 million, or 65 cents a share, in the year-ago period. Adjusted net income, which excludes stock-based compensation and other items, was 29 cents a share, compared with 14 cents a share in the year-ago period.Revenue rose to $355.5 million from $230.5 million in the year-ago quarter, the company said. Calculated billings, or revenue plus deferred revenue acquired over the quarter, rose to 37% to $340.1 million from the year-ago period.Analysts surveyed by FactSet had forecast earnings of 26 cents a share on revenue of $340.7 million and billings of $333.1 million.Last quarter, Zscaler exceeded Wall Street expectations across the board, and the stock logged its best one-day performance since the company went public in 2018.Zscaler said it expects adjusted earnings of 29 cents to 30 cents a share on revenue of $364 million to $366 million for the fiscal second quarter. Analysts estimate 26 cents a share on revenue of $325.1 million and billings of $355.3 million for the quarter.The company also forecast adjusted earnings of $1.23  to $1.25 a share on revenue of about $1.53 billion for the year and billings of $1.93 billion to $1.94 billion.Analysts had forecast earnings of $1.18 a share on revenue of $1.5 billion and billings of $1.93 billion for the year.As of Thursday’s close, the stock is down 55% year to date, compared with a 15% loss by the S&P 500 index a 27% decline on the tech-heavy Nasdaq Composite Index and a 23% decline on the ETFMG Prime Cyber Security ETF.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964988232,"gmtCreate":1670051036727,"gmtModify":1676538296072,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964988232","repostId":"2288980552","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964988166,"gmtCreate":1670051021856,"gmtModify":1676538296065,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964988166","repostId":"1155050932","repostType":4,"repost":{"id":"1155050932","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":1669989755,"share":"https://www.laohu8.com/m/news/1155050932?lang=&edition=full","pubTime":"2022-12-02 22:02","market":"us","language":"en","title":"Mega-Cap Stocks Are Dropping in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1155050932","media":"Tiger Newspress","summary":"Mega-cap stocks are dropping in premarket trading. Nvidia falls over 3%; Meta, Tesla, Google, and Mi","content":"<html><head></head><body><p>Mega-cap stocks are dropping in premarket trading. Nvidia falls over 3%; Meta, Tesla, Google, and Microsoft fall about 2%.<img src=\"https://static.tigerbbs.com/7cef92d7fdd76e445ed2a2889e281f05\" tg-width=\"471\" tg-height=\"468\" referrerpolicy=\"no-referrer\"/>US employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.</p><p>Nonfarm payrolls increased 263,000 in November after an upwardly revised 284,000 gain in October, a Labor Department report showed Friday. The unemployment rate held at 3.7% as participation eased. Average hourly earnings rose twice as much as forecast after an upward revision to the prior month.</p><p>The median estimates called for a 200,000 advance in payrolls and for the unemployment rate to hold at 3.7%. US stock futures tumbled following the report, as investors anticipated a more aggressive stance from the Fed.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mega-Cap Stocks Are Dropping in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMega-Cap Stocks Are Dropping in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-02 22:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Mega-cap stocks are dropping in premarket trading. Nvidia falls over 3%; Meta, Tesla, Google, and Microsoft fall about 2%.<img src=\"https://static.tigerbbs.com/7cef92d7fdd76e445ed2a2889e281f05\" tg-width=\"471\" tg-height=\"468\" referrerpolicy=\"no-referrer\"/>US employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.</p><p>Nonfarm payrolls increased 263,000 in November after an upwardly revised 284,000 gain in October, a Labor Department report showed Friday. The unemployment rate held at 3.7% as participation eased. Average hourly earnings rose twice as much as forecast after an upward revision to the prior month.</p><p>The median estimates called for a 200,000 advance in payrolls and for the unemployment rate to hold at 3.7%. US stock futures tumbled following the report, as investors anticipated a more aggressive stance from the Fed.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms","NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155050932","content_text":"Mega-cap stocks are dropping in premarket trading. Nvidia falls over 3%; Meta, Tesla, Google, and Microsoft fall about 2%.US employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.Nonfarm payrolls increased 263,000 in November after an upwardly revised 284,000 gain in October, a Labor Department report showed Friday. The unemployment rate held at 3.7% as participation eased. Average hourly earnings rose twice as much as forecast after an upward revision to the prior month.The median estimates called for a 200,000 advance in payrolls and for the unemployment rate to hold at 3.7%. US stock futures tumbled following the report, as investors anticipated a more aggressive stance from the Fed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964988317,"gmtCreate":1670051012739,"gmtModify":1676538296063,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964988317","repostId":"1184145662","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964988945,"gmtCreate":1670051000487,"gmtModify":1676538296061,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964988945","repostId":"1120448492","repostType":4,"repost":{"id":"1120448492","pubTimestamp":1669993424,"share":"https://www.laohu8.com/m/news/1120448492?lang=&edition=full","pubTime":"2022-12-02 23:03","market":"us","language":"en","title":"Zscaler Stock Drops Over 10% in Morning Trading Despite Earnings Beat","url":"https://stock-news.laohu8.com/highlight/detail?id=1120448492","media":"seekingalpha","summary":"Zscaler Inc. stock fell over 10% in morning trading even as the cybersecurity company beat on earnin","content":"<html><head></head><body><p>Zscaler Inc. stock fell over 10% in morning trading even as the cybersecurity company beat on earnings and offered an outlook that was just above the Wall Street consensus.<img src=\"https://static.tigerbbs.com/5c6c707d25062d32b042beda3d215b4b\" tg-width=\"788\" tg-height=\"669\" referrerpolicy=\"no-referrer\"/>The company reported a fiscal first-quarter loss of $68.2 million, or 48 cents a share, compared with a loss of $90.8 million, or 65 cents a share, in the year-ago period. Adjusted net income, which excludes stock-based compensation and other items, was 29 cents a share, compared with 14 cents a share in the year-ago period.</p><p>Revenue rose to $355.5 million from $230.5 million in the year-ago quarter, the company said. Calculated billings, or revenue plus deferred revenue acquired over the quarter, rose to 37% to $340.1 million from the year-ago period.</p><p>Analysts surveyed by FactSet had forecast earnings of 26 cents a share on revenue of $340.7 million and billings of $333.1 million.</p><p>Last quarter, Zscaler exceeded Wall Street expectations across the board, and the stock logged its best one-day performance since the company went public in 2018.</p><p>Zscaler said it expects adjusted earnings of 29 cents to 30 cents a share on revenue of $364 million to $366 million for the fiscal second quarter. Analysts estimate 26 cents a share on revenue of $325.1 million and billings of $355.3 million for the quarter.</p><p>The company also forecast adjusted earnings of $1.23  to $1.25 a share on revenue of about $1.53 billion for the year and billings of $1.93 billion to $1.94 billion.</p><p>Analysts had forecast earnings of $1.18 a share on revenue of $1.5 billion and billings of $1.93 billion for the year.</p><p>As of Thursday’s close, the stock is down 55% year to date, compared with a 15% loss by the S&amp;P 500 index a 27% decline on the tech-heavy Nasdaq Composite Index and a 23% decline on the ETFMG Prime Cyber Security ETF.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zscaler Stock Drops Over 10% in Morning Trading Despite Earnings Beat</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\">\nZscaler Stock Drops Over 10% in Morning Trading Despite Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-02 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4561913-alibaba-vs-amazon-fundamentals-still-matter><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zscaler Inc. stock fell over 10% in morning trading even as the cybersecurity company beat on earnings and offered an outlook that was just above the Wall Street consensus.The company reported a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4561913-alibaba-vs-amazon-fundamentals-still-matter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZS":"Zscaler Inc."},"source_url":"https://seekingalpha.com/article/4561913-alibaba-vs-amazon-fundamentals-still-matter","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1120448492","content_text":"Zscaler Inc. stock fell over 10% in morning trading even as the cybersecurity company beat on earnings and offered an outlook that was just above the Wall Street consensus.The company reported a fiscal first-quarter loss of $68.2 million, or 48 cents a share, compared with a loss of $90.8 million, or 65 cents a share, in the year-ago period. Adjusted net income, which excludes stock-based compensation and other items, was 29 cents a share, compared with 14 cents a share in the year-ago period.Revenue rose to $355.5 million from $230.5 million in the year-ago quarter, the company said. Calculated billings, or revenue plus deferred revenue acquired over the quarter, rose to 37% to $340.1 million from the year-ago period.Analysts surveyed by FactSet had forecast earnings of 26 cents a share on revenue of $340.7 million and billings of $333.1 million.Last quarter, Zscaler exceeded Wall Street expectations across the board, and the stock logged its best one-day performance since the company went public in 2018.Zscaler said it expects adjusted earnings of 29 cents to 30 cents a share on revenue of $364 million to $366 million for the fiscal second quarter. Analysts estimate 26 cents a share on revenue of $325.1 million and billings of $355.3 million for the quarter.The company also forecast adjusted earnings of $1.23  to $1.25 a share on revenue of about $1.53 billion for the year and billings of $1.93 billion to $1.94 billion.Analysts had forecast earnings of $1.18 a share on revenue of $1.5 billion and billings of $1.93 billion for the year.As of Thursday’s close, the stock is down 55% year to date, compared with a 15% loss by the S&P 500 index a 27% decline on the tech-heavy Nasdaq Composite Index and a 23% decline on the ETFMG Prime Cyber Security ETF.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964981700,"gmtCreate":1670050985901,"gmtModify":1676538296043,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964981700","repostId":"1103525840","repostType":4,"repost":{"id":"1103525840","pubTimestamp":1670024554,"share":"https://www.laohu8.com/m/news/1103525840?lang=&edition=full","pubTime":"2022-12-03 07:42","market":"us","language":"en","title":"EU Backs Russian Oil Price Cap of $60 a Barrel","url":"https://stock-news.laohu8.com/highlight/detail?id=1103525840","media":"The Wall Street Journal","summary":"The Group of Seven advanced democracies agreed tocap the price of Russian crude oilat $60 a barrel, moving forward with an unprecedented sanction on one of the world’s largest oil producers months aft","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/03f9343343cdf98f03443da12104c2a7\" tg-width=\"860\" tg-height=\"573\" referrerpolicy=\"no-referrer\"/>The Group of Seven advanced democracies agreed tocap the price of Russian crude oilat $60 a barrel, moving forward with an unprecedented sanction on one of the world’s largest oil producers months after its invasion of Ukraine.</p><p>The agreement among Australia and the G-7—Canada, France, Germany, Italy, Japan, the U.K. and the U.S.—came just hours after the European Union united behind the figure. Poland, a holdout over the past few days for a lower cap, agreed to $60 a barrel earlier on Friday, clearing the way for the deal. The European Commission, the EU’s executive arm, had initially proposed setting the cap between $65 to $70 a barrel.</p><p>The cap will ban Western companies from insuring, financing or shipping Russian oil unless the oil is sold below $60 a barrel. The U.S. and its allies designed the system in an attempt to cut intoMoscow’s oil revenueswhile keeping Russian crude—an important part of global supply—available on the market. It aims to leverage the concentration of maritime services in the West to curb Moscow’s ability to wagewar in Ukraine.</p><p>“With Russia’s economy already contracting and its budget increasingly stretched thin, the price cap will immediately cut into [Russian President Vladimir] Putin’s most important source of revenue,” Treasury SecretaryJanet Yellen, the lead architect of the plan, said in a statement.</p><p>Russian officials have threatened to cut off oil exports in response to the cap, arguing that the sanction distorts market dynamics and could lead to an increase in global prices. But as of Friday, there were no signs on markets that Russia had started to withdraw its oil from global markets.</p><p>Brent crude, the global oil benchmark, traded around $85 a barrel Friday, dropping after the EU reached its agreement. Analysts and U.S. officials view the price of Russian crude, or Urals, as opaque and difficult to discover. Data provider Refinitiv listed the price of Urals at about $69 a barrel on Thursday, while Argus Media pegged the price at about $48 a barrel in the Baltic port of Primorsk on Wednesday. Western officials maintain that a cap at $60 a barrel will still cut into Russia’s profits and have said they could lower the price over time.</p><p>“The EU agreement on an oil price cap, coordinated with G-7 and others, will reduce Russia’s revenues significantly,” European Commission PresidentUrsula von der Leyensaid in a tweet Friday. “It will help us stabilize global energy prices, benefiting emerging economies around the world.”</p><p>Biden administration officials had hoped to have selected the price cap several weeks ago, but disagreements with Europe about how harsh to make the penalty delayed the effort.</p><p>Ms. Yellen and other U.S. officials pushed the plan hard to get it into place this year. Within half an hour of Poland saying Thursday it needed extra time to consider the price cap, Polish government officials were receiving phone calls from senior U.S. officials pushing them to sign off, according to a Polish official.</p><p>The governments of India and China, two of the largest buyers of Russian crude, haven’t embraced the price-cap proposal, wary of joining a U.S.-led sanction program against Russia. Biden administration officials say they hope that refineries and other buyers in India might opt to comply with the cap so they can access cheaper and more reliable Western maritime services.</p><p>In general, the U.S. is relying on the lure of cheaper oil—and the centrality of Western maritime services—to woo buyers worldwide to buy oil under the cap. Earlier efforts to encourage countries to affirmatively commit to buying Russian oil at a price set by the West largely fizzled, as countries that haven&#39;t joined sanctions on Russia remained neutral. Some countries, though, including Indonesia, have indicated that they would buy cheaper oil if it is available through the plan.</p><p>The EU and U.K. will also ban the import of Russian crude on Monday, meaning the cap is aimed at Russia’s sales to the rest of the global market. They will ban the import of Russian refinery products on Feb. 5, 2023, when the West is also hoping to set price caps on the export of Russian petroleum products.</p><p>Poland, Lithuania and Estonia argued during talks that the cap should be set below Russia’s current market rates. They secured a commitment to review the price level every two months starting in mid-January. The EU says the aim would be to set the cap at least 5% below Russia’s market prices.</p><p>Adjusting the price will renew a debate that has been at the center of the price cap effort: how tightly to squeeze Russia’s oil industry. U.S. officials, wary of upsetting global oil markets after oil climbed to roughly $120 a barrel earlier this year, have pushed to make the sanction a relatively relaxed program. In Eastern Europe, as well as in Ukraine and in some offices on Capitol Hill, officials have sought to impose stricter sanctions on Russian oil to try to squeeze a central source of tax revenue for Moscow.</p><p>When negotiations over the price started last week in Brussels, Polish officials sought a cap at $30 a barrel, a level they said was in line with Russia’s production costs. U.S. officials wanted to a limit near Russia’s historical sales prices of around $65 a barrel, hoping to preserve Russia’s incentive to keep supplying global markets.</p><p>The U.S. has tried to roll back elements of Europe’s sanctions on Russian oil this year. Biden administration officials conceived of the price cap itself as a way to relax Europe’s original plan to completelyban the insurance and financing of Russian oil shipments. Because much of the world’s maritime insurance is concentrated in London, U.S. officials worried that a full ban could jeopardize global oil markets and send crude as high as $140 a barrel. The price cap is a carve-out to those original plans.</p><p>U.S. officials tried to craft the plan so that banks, insurers and traders will feel comfortable handling Russian oil, pushing so that only firms that intentionally handle oil traded above the cap will face penalties.</p><p>The plan nevertheless faced steep skepticism from oil traders and financiers after it was introduced in the spring. They raised a number of concerns about the plan: Russia could refuse to sell its crude under the cap, large buyers of Russian oil may not respect the Western rules and the private sector would struggle to comply with new requirements.</p></body></html>","source":"wsj_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>EU Backs Russian Oil Price Cap of $60 a Barrel</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\">\nEU Backs Russian Oil Price Cap of $60 a Barrel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-03 07:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/eu-g-7-wait-on-poland-to-advance-with-russian-oil-price-cap-11669983529?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Group of Seven advanced democracies agreed tocap the price of Russian crude oilat $60 a barrel, moving forward with an unprecedented sanction on one of the world’s largest oil producers months ...</p>\n\n<a href=\"https://www.wsj.com/articles/eu-g-7-wait-on-poland-to-advance-with-russian-oil-price-cap-11669983529?mod=hp_lead_pos1\">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.wsj.com/articles/eu-g-7-wait-on-poland-to-advance-with-russian-oil-price-cap-11669983529?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103525840","content_text":"The Group of Seven advanced democracies agreed tocap the price of Russian crude oilat $60 a barrel, moving forward with an unprecedented sanction on one of the world’s largest oil producers months after its invasion of Ukraine.The agreement among Australia and the G-7—Canada, France, Germany, Italy, Japan, the U.K. and the U.S.—came just hours after the European Union united behind the figure. Poland, a holdout over the past few days for a lower cap, agreed to $60 a barrel earlier on Friday, clearing the way for the deal. The European Commission, the EU’s executive arm, had initially proposed setting the cap between $65 to $70 a barrel.The cap will ban Western companies from insuring, financing or shipping Russian oil unless the oil is sold below $60 a barrel. The U.S. and its allies designed the system in an attempt to cut intoMoscow’s oil revenueswhile keeping Russian crude—an important part of global supply—available on the market. It aims to leverage the concentration of maritime services in the West to curb Moscow’s ability to wagewar in Ukraine.“With Russia’s economy already contracting and its budget increasingly stretched thin, the price cap will immediately cut into [Russian President Vladimir] Putin’s most important source of revenue,” Treasury SecretaryJanet Yellen, the lead architect of the plan, said in a statement.Russian officials have threatened to cut off oil exports in response to the cap, arguing that the sanction distorts market dynamics and could lead to an increase in global prices. But as of Friday, there were no signs on markets that Russia had started to withdraw its oil from global markets.Brent crude, the global oil benchmark, traded around $85 a barrel Friday, dropping after the EU reached its agreement. Analysts and U.S. officials view the price of Russian crude, or Urals, as opaque and difficult to discover. Data provider Refinitiv listed the price of Urals at about $69 a barrel on Thursday, while Argus Media pegged the price at about $48 a barrel in the Baltic port of Primorsk on Wednesday. Western officials maintain that a cap at $60 a barrel will still cut into Russia’s profits and have said they could lower the price over time.“The EU agreement on an oil price cap, coordinated with G-7 and others, will reduce Russia’s revenues significantly,” European Commission PresidentUrsula von der Leyensaid in a tweet Friday. “It will help us stabilize global energy prices, benefiting emerging economies around the world.”Biden administration officials had hoped to have selected the price cap several weeks ago, but disagreements with Europe about how harsh to make the penalty delayed the effort.Ms. Yellen and other U.S. officials pushed the plan hard to get it into place this year. Within half an hour of Poland saying Thursday it needed extra time to consider the price cap, Polish government officials were receiving phone calls from senior U.S. officials pushing them to sign off, according to a Polish official.The governments of India and China, two of the largest buyers of Russian crude, haven’t embraced the price-cap proposal, wary of joining a U.S.-led sanction program against Russia. Biden administration officials say they hope that refineries and other buyers in India might opt to comply with the cap so they can access cheaper and more reliable Western maritime services.In general, the U.S. is relying on the lure of cheaper oil—and the centrality of Western maritime services—to woo buyers worldwide to buy oil under the cap. Earlier efforts to encourage countries to affirmatively commit to buying Russian oil at a price set by the West largely fizzled, as countries that haven't joined sanctions on Russia remained neutral. Some countries, though, including Indonesia, have indicated that they would buy cheaper oil if it is available through the plan.The EU and U.K. will also ban the import of Russian crude on Monday, meaning the cap is aimed at Russia’s sales to the rest of the global market. They will ban the import of Russian refinery products on Feb. 5, 2023, when the West is also hoping to set price caps on the export of Russian petroleum products.Poland, Lithuania and Estonia argued during talks that the cap should be set below Russia’s current market rates. They secured a commitment to review the price level every two months starting in mid-January. The EU says the aim would be to set the cap at least 5% below Russia’s market prices.Adjusting the price will renew a debate that has been at the center of the price cap effort: how tightly to squeeze Russia’s oil industry. U.S. officials, wary of upsetting global oil markets after oil climbed to roughly $120 a barrel earlier this year, have pushed to make the sanction a relatively relaxed program. In Eastern Europe, as well as in Ukraine and in some offices on Capitol Hill, officials have sought to impose stricter sanctions on Russian oil to try to squeeze a central source of tax revenue for Moscow.When negotiations over the price started last week in Brussels, Polish officials sought a cap at $30 a barrel, a level they said was in line with Russia’s production costs. U.S. officials wanted to a limit near Russia’s historical sales prices of around $65 a barrel, hoping to preserve Russia’s incentive to keep supplying global markets.The U.S. has tried to roll back elements of Europe’s sanctions on Russian oil this year. Biden administration officials conceived of the price cap itself as a way to relax Europe’s original plan to completelyban the insurance and financing of Russian oil shipments. Because much of the world’s maritime insurance is concentrated in London, U.S. officials worried that a full ban could jeopardize global oil markets and send crude as high as $140 a barrel. The price cap is a carve-out to those original plans.U.S. officials tried to craft the plan so that banks, insurers and traders will feel comfortable handling Russian oil, pushing so that only firms that intentionally handle oil traded above the cap will face penalties.The plan nevertheless faced steep skepticism from oil traders and financiers after it was introduced in the spring. They raised a number of concerns about the plan: Russia could refuse to sell its crude under the cap, large buyers of Russian oil may not respect the Western rules and the private sector would struggle to comply with new requirements.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966710155,"gmtCreate":1669642141678,"gmtModify":1676538217397,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9966710155","repostId":"1107644375","repostType":4,"repost":{"id":"1107644375","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":1669640642,"share":"https://www.laohu8.com/m/news/1107644375?lang=&edition=full","pubTime":"2022-11-28 21:04","market":"us","language":"en","title":"Pre-Bell｜Dow Futures Fall 180 Points; This China-Based E-Commerce Stock Surges 14%","url":"https://stock-news.laohu8.com/highlight/detail?id=1107644375","media":"Tiger Newspress","summary":"U.S. stock index futures fell on Monday amid global risk-off sentiment. Consumer stocks will continu","content":"<html><head></head><body><p>U.S. stock index futures fell on Monday amid global risk-off sentiment. Consumer stocks will continue to be in focus as shoppers transition from Black Friday to Cyber Monday.</p><h2>Market Snapshot</h2><p>At 7:50 a.m. ET, Dow e-minis were down 180 points, or 0.52%, S&amp;P 500 e-minis were down 28.5 points, or 0.71%, and Nasdaq 100 e-minis were down 79 points, or 0.67%.</p><p><img src=\"https://static.tigerbbs.com/594e017ee75aa84c574753058f1df659\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p>Apple(AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro models due to Covid-related unrest at contract manufacturer Foxconn’s China factory. A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading.</p><p>Taboola.com(TBLA) – The software company’s stock soared 65.2% in premarket action after it announced a 30-year agreement with Yahoo, under which Taboola will power native advertising on all Yahoo platforms.</p><p>Wynn Resorts(WYNN),MGM Resorts(MGM),Melco Resorts(MLCO),Las Vegas Sands(LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Wynn jumped 5.9%, MGM added 2.2%, Melco rallied 8% and Las Vegas Sands rose 3.2%.</p><p>Biogen(BIIB) – Biogen dropped 5.5% in the premarket after online publication Science.org reported that a woman participating in a trial of the experimental Alzheimer’s treatment lecanemab had recently died from a brain hemorrhage. The publication said the trial was sponsored by Biogen and Japanese pharmaceutical company Esai.</p><p>Exxon Mobil(XOM), Chevron(CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. Exxon lost 1.8% while Chevron dropped 1.7%.</p><p>Anheuser-Busch InBev(BUD) – Anheuser-Busch InBev jumped 4.2% in the premarket after a double upgrade from J.P. Morgan Securities, which raised the beer brewer&#39;s stock to &#34;overweight&#34; from &#34;underweight.&#34; The firm now sees the potential for earnings outperformance while also noting a rapidly improving balance sheet.</p><p>First Solar(FSLR) – The solar company&#39;s stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to &#34;neutral&#34; from &#34;overweight.&#34; J.P. Morgan&#39;s call notes the stock&#39;s outperformance since the announcement of the Inflation Reduction Act, which provided additional incentives for alternative energy.</p><p>News Corp(NWSA), Fox(FOXA) – T. Rowe Price is the latest major shareholder to express concern about Rupert Murdoch’s plan to recombine News Corp and Fox, according to a report in The New York Times. The investment firm is News Corp’s second-largest shareholder behind the Murdoch family with a 12% stake and is said to believe a combination would undervalue News Corp shares.</p><p>Pinduoduo(PDD) – The China-based e-commerce platform beat top and bottom line estimates for its latest quarter, as China’s strict Covid policies prompted more consumers to shop online. Pinduoduo surged 14.2% in the premarket.</p><h2>Market News</h2><p>Hedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta</p><p>As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.</p><p>China&#39;s Pinduoduo Beats Quarterly Revenue Estimates</p><p>China&#39;s <a href=\"https://laohu8.com/S/PDD\">Pinduoduo Inc </a> beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online, sending its shares up 14% in U.S. premarket trade.</p><p>Tesla Preps for First Semi Deliveries As It Breaks Into Class 8 Market</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> will hold an event on December 1 at the Gigafactory in Nevada to commemorate the first deliveries of the all-electric Semi Class 8 truck.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Dow Futures Fall 180 Points; This China-Based E-Commerce Stock Surges 14%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Dow Futures Fall 180 Points; This China-Based E-Commerce Stock Surges 14%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-28 21:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures fell on Monday amid global risk-off sentiment. Consumer stocks will continue to be in focus as shoppers transition from Black Friday to Cyber Monday.</p><h2>Market Snapshot</h2><p>At 7:50 a.m. ET, Dow e-minis were down 180 points, or 0.52%, S&amp;P 500 e-minis were down 28.5 points, or 0.71%, and Nasdaq 100 e-minis were down 79 points, or 0.67%.</p><p><img src=\"https://static.tigerbbs.com/594e017ee75aa84c574753058f1df659\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p>Apple(AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro models due to Covid-related unrest at contract manufacturer Foxconn’s China factory. A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading.</p><p>Taboola.com(TBLA) – The software company’s stock soared 65.2% in premarket action after it announced a 30-year agreement with Yahoo, under which Taboola will power native advertising on all Yahoo platforms.</p><p>Wynn Resorts(WYNN),MGM Resorts(MGM),Melco Resorts(MLCO),Las Vegas Sands(LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Wynn jumped 5.9%, MGM added 2.2%, Melco rallied 8% and Las Vegas Sands rose 3.2%.</p><p>Biogen(BIIB) – Biogen dropped 5.5% in the premarket after online publication Science.org reported that a woman participating in a trial of the experimental Alzheimer’s treatment lecanemab had recently died from a brain hemorrhage. The publication said the trial was sponsored by Biogen and Japanese pharmaceutical company Esai.</p><p>Exxon Mobil(XOM), Chevron(CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. Exxon lost 1.8% while Chevron dropped 1.7%.</p><p>Anheuser-Busch InBev(BUD) – Anheuser-Busch InBev jumped 4.2% in the premarket after a double upgrade from J.P. Morgan Securities, which raised the beer brewer&#39;s stock to &#34;overweight&#34; from &#34;underweight.&#34; The firm now sees the potential for earnings outperformance while also noting a rapidly improving balance sheet.</p><p>First Solar(FSLR) – The solar company&#39;s stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to &#34;neutral&#34; from &#34;overweight.&#34; J.P. Morgan&#39;s call notes the stock&#39;s outperformance since the announcement of the Inflation Reduction Act, which provided additional incentives for alternative energy.</p><p>News Corp(NWSA), Fox(FOXA) – T. Rowe Price is the latest major shareholder to express concern about Rupert Murdoch’s plan to recombine News Corp and Fox, according to a report in The New York Times. The investment firm is News Corp’s second-largest shareholder behind the Murdoch family with a 12% stake and is said to believe a combination would undervalue News Corp shares.</p><p>Pinduoduo(PDD) – The China-based e-commerce platform beat top and bottom line estimates for its latest quarter, as China’s strict Covid policies prompted more consumers to shop online. Pinduoduo surged 14.2% in the premarket.</p><h2>Market News</h2><p>Hedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta</p><p>As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.</p><p>China&#39;s Pinduoduo Beats Quarterly Revenue Estimates</p><p>China&#39;s <a href=\"https://laohu8.com/S/PDD\">Pinduoduo Inc </a> beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online, sending its shares up 14% in U.S. premarket trade.</p><p>Tesla Preps for First Semi Deliveries As It Breaks Into Class 8 Market</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> will hold an event on December 1 at the Gigafactory in Nevada to commemorate the first deliveries of the all-electric Semi Class 8 truck.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107644375","content_text":"U.S. stock index futures fell on Monday amid global risk-off sentiment. Consumer stocks will continue to be in focus as shoppers transition from Black Friday to Cyber Monday.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 180 points, or 0.52%, S&P 500 e-minis were down 28.5 points, or 0.71%, and Nasdaq 100 e-minis were down 79 points, or 0.67%.Pre-Market MoversApple(AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro models due to Covid-related unrest at contract manufacturer Foxconn’s China factory. A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading.Taboola.com(TBLA) – The software company’s stock soared 65.2% in premarket action after it announced a 30-year agreement with Yahoo, under which Taboola will power native advertising on all Yahoo platforms.Wynn Resorts(WYNN),MGM Resorts(MGM),Melco Resorts(MLCO),Las Vegas Sands(LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Wynn jumped 5.9%, MGM added 2.2%, Melco rallied 8% and Las Vegas Sands rose 3.2%.Biogen(BIIB) – Biogen dropped 5.5% in the premarket after online publication Science.org reported that a woman participating in a trial of the experimental Alzheimer’s treatment lecanemab had recently died from a brain hemorrhage. The publication said the trial was sponsored by Biogen and Japanese pharmaceutical company Esai.Exxon Mobil(XOM), Chevron(CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. Exxon lost 1.8% while Chevron dropped 1.7%.Anheuser-Busch InBev(BUD) – Anheuser-Busch InBev jumped 4.2% in the premarket after a double upgrade from J.P. Morgan Securities, which raised the beer brewer's stock to \"overweight\" from \"underweight.\" The firm now sees the potential for earnings outperformance while also noting a rapidly improving balance sheet.First Solar(FSLR) – The solar company's stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to \"neutral\" from \"overweight.\" J.P. Morgan's call notes the stock's outperformance since the announcement of the Inflation Reduction Act, which provided additional incentives for alternative energy.News Corp(NWSA), Fox(FOXA) – T. Rowe Price is the latest major shareholder to express concern about Rupert Murdoch’s plan to recombine News Corp and Fox, according to a report in The New York Times. The investment firm is News Corp’s second-largest shareholder behind the Murdoch family with a 12% stake and is said to believe a combination would undervalue News Corp shares.Pinduoduo(PDD) – The China-based e-commerce platform beat top and bottom line estimates for its latest quarter, as China’s strict Covid policies prompted more consumers to shop online. Pinduoduo surged 14.2% in the premarket.Market NewsHedge Fund That Beat 99% of Peers Places Contrarian Bet on MetaAs Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc.China's Pinduoduo Beats Quarterly Revenue EstimatesChina's Pinduoduo Inc  beat Wall Street estimates for third-quarter revenue on Monday, helped by COVID-related lockdowns in the country that forced consumers to shop online, sending its shares up 14% in U.S. premarket trade.Tesla Preps for First Semi Deliveries As It Breaks Into Class 8 MarketTesla will hold an event on December 1 at the Gigafactory in Nevada to commemorate the first deliveries of the all-electric Semi Class 8 truck.","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966737466,"gmtCreate":1669642113855,"gmtModify":1676538217379,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966737466","repostId":"2286377937","repostType":4,"repost":{"id":"2286377937","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1669622156,"share":"https://www.laohu8.com/m/news/2286377937?lang=&edition=full","pubTime":"2022-11-28 15:55","market":"hk","language":"en","title":"What Black Friday and Cyber Monday Sales Tell You About Retail Stocks, Recession and the Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2286377937","media":"Dow Jones","summary":"Investors typically overreact to retailers' holiday sales reportsThere's one more thing you should a","content":"<html><head></head><body><blockquote>Investors typically overreact to retailers&#39; holiday sales reports</blockquote><p>There&#39;s one more thing you should avoid talking about during Thanksgiving dinners and other social events: how U.S. retailers are faring with their Thanksgiving weekend sales.</p><p>That&#39;s because initial reports provide no insight into the strength of the retail sector in particular or the U.S. economy in general.</p><p>In fact, the reports are worse than worthless. More often than not, they lead you in the wrong direction. For example, if initial reports show retail sales are weaker than expected and the stock market falls, it more often than not will reverse itself and rise through the end of the year. Just the opposite tends to happen when initial reports show stronger-than-expected sales.</p><p>These are the conclusions I reached upon analyzing the post-Thanksgiving behavior of the S&amp;P Retail Select Industry Index . Specifically, I compared this index&#39;s two-day return following Thanksgiving with its performance after Cyber Monday through the end of December.</p><p>In 73% of the years since the index was created in 1999, its direction in that initial two-day post-Thanksgiving window was the opposite of its direction from then until the end of the year.</p><p>The chart below summarizes what I found for the performance of the retail sector over the Cyber Monday through year-end period. Notice that it performed quite well, on average, in years in which it fell over the first two post-Thanksgiving trading sessions -- and vice versa.</p><p><img src=\"https://static.tigerbbs.com/49641bf560083a2e632a574e8aa3dfd8\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p>I was unable to find any other time of year in which there was a strong inverse correlation between returns during a given two-day period and performance over the subsequent five weeks. The normal pattern is for there to be no correlation one way or the other.</p><p>Perhaps this inverse correlation for the Thanksgiving through year-end period is caused by an interaction between investors&#39; tendency to overreact and the exaggerated importance they place on the Black Friday and Cyber Monday sales reports.</p><p>So when a straw blowing in the wind suggests those sales are going well, investors overreact and conclude that happy days are here again. When reality sinks in over subsequent weeks, as it almost invariably does, the market corrects.</p><p>Just the opposite occurs when the initial tea leaves suggest that Thanksgiving sales were disappointing.</p><p>If this explanation is accurate, this year should see an especially strong post-Thanksgiving reversal pattern. That&#39;s because of the widespread current speculation that a recession is imminent, which means even more attention than usual will be paid to what the Thanksgiving sales indicate. So if the initial sales reports are disappointing, the headlines will boldly declare that a recession must have already started -- and vice versa.</p><p>To be clear, the inverse correlation I found in the data is not strong enough to justify a trading strategy that bets on the retail sector moving opposite over the last five weeks of the year from how it performs during its first two post-Thanksgiving trading sessions. The most important investment implication is that you should pay no attention to how retailers are doing with their Thanksgiving sales.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Black Friday and Cyber Monday Sales Tell You About Retail Stocks, Recession and the Economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Black Friday and Cyber Monday Sales Tell You About Retail Stocks, Recession and the Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-11-28 15:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote>Investors typically overreact to retailers&#39; holiday sales reports</blockquote><p>There&#39;s one more thing you should avoid talking about during Thanksgiving dinners and other social events: how U.S. retailers are faring with their Thanksgiving weekend sales.</p><p>That&#39;s because initial reports provide no insight into the strength of the retail sector in particular or the U.S. economy in general.</p><p>In fact, the reports are worse than worthless. More often than not, they lead you in the wrong direction. For example, if initial reports show retail sales are weaker than expected and the stock market falls, it more often than not will reverse itself and rise through the end of the year. Just the opposite tends to happen when initial reports show stronger-than-expected sales.</p><p>These are the conclusions I reached upon analyzing the post-Thanksgiving behavior of the S&amp;P Retail Select Industry Index . Specifically, I compared this index&#39;s two-day return following Thanksgiving with its performance after Cyber Monday through the end of December.</p><p>In 73% of the years since the index was created in 1999, its direction in that initial two-day post-Thanksgiving window was the opposite of its direction from then until the end of the year.</p><p>The chart below summarizes what I found for the performance of the retail sector over the Cyber Monday through year-end period. Notice that it performed quite well, on average, in years in which it fell over the first two post-Thanksgiving trading sessions -- and vice versa.</p><p><img src=\"https://static.tigerbbs.com/49641bf560083a2e632a574e8aa3dfd8\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p>I was unable to find any other time of year in which there was a strong inverse correlation between returns during a given two-day period and performance over the subsequent five weeks. The normal pattern is for there to be no correlation one way or the other.</p><p>Perhaps this inverse correlation for the Thanksgiving through year-end period is caused by an interaction between investors&#39; tendency to overreact and the exaggerated importance they place on the Black Friday and Cyber Monday sales reports.</p><p>So when a straw blowing in the wind suggests those sales are going well, investors overreact and conclude that happy days are here again. When reality sinks in over subsequent weeks, as it almost invariably does, the market corrects.</p><p>Just the opposite occurs when the initial tea leaves suggest that Thanksgiving sales were disappointing.</p><p>If this explanation is accurate, this year should see an especially strong post-Thanksgiving reversal pattern. That&#39;s because of the widespread current speculation that a recession is imminent, which means even more attention than usual will be paid to what the Thanksgiving sales indicate. So if the initial sales reports are disappointing, the headlines will boldly declare that a recession must have already started -- and vice versa.</p><p>To be clear, the inverse correlation I found in the data is not strong enough to justify a trading strategy that bets on the retail sector moving opposite over the last five weeks of the year from how it performs during its first two post-Thanksgiving trading sessions. The most important investment implication is that you should pay no attention to how retailers are doing with their Thanksgiving sales.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TGT":"塔吉特","WMT":"沃尔玛"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2286377937","content_text":"Investors typically overreact to retailers' holiday sales reportsThere's one more thing you should avoid talking about during Thanksgiving dinners and other social events: how U.S. retailers are faring with their Thanksgiving weekend sales.That's because initial reports provide no insight into the strength of the retail sector in particular or the U.S. economy in general.In fact, the reports are worse than worthless. More often than not, they lead you in the wrong direction. For example, if initial reports show retail sales are weaker than expected and the stock market falls, it more often than not will reverse itself and rise through the end of the year. Just the opposite tends to happen when initial reports show stronger-than-expected sales.These are the conclusions I reached upon analyzing the post-Thanksgiving behavior of the S&P Retail Select Industry Index . Specifically, I compared this index's two-day return following Thanksgiving with its performance after Cyber Monday through the end of December.In 73% of the years since the index was created in 1999, its direction in that initial two-day post-Thanksgiving window was the opposite of its direction from then until the end of the year.The chart below summarizes what I found for the performance of the retail sector over the Cyber Monday through year-end period. Notice that it performed quite well, on average, in years in which it fell over the first two post-Thanksgiving trading sessions -- and vice versa.I was unable to find any other time of year in which there was a strong inverse correlation between returns during a given two-day period and performance over the subsequent five weeks. The normal pattern is for there to be no correlation one way or the other.Perhaps this inverse correlation for the Thanksgiving through year-end period is caused by an interaction between investors' tendency to overreact and the exaggerated importance they place on the Black Friday and Cyber Monday sales reports.So when a straw blowing in the wind suggests those sales are going well, investors overreact and conclude that happy days are here again. When reality sinks in over subsequent weeks, as it almost invariably does, the market corrects.Just the opposite occurs when the initial tea leaves suggest that Thanksgiving sales were disappointing.If this explanation is accurate, this year should see an especially strong post-Thanksgiving reversal pattern. That's because of the widespread current speculation that a recession is imminent, which means even more attention than usual will be paid to what the Thanksgiving sales indicate. So if the initial sales reports are disappointing, the headlines will boldly declare that a recession must have already started -- and vice versa.To be clear, the inverse correlation I found in the data is not strong enough to justify a trading strategy that bets on the retail sector moving opposite over the last five weeks of the year from how it performs during its first two post-Thanksgiving trading sessions. The most important investment implication is that you should pay no attention to how retailers are doing with their Thanksgiving sales.","news_type":1},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966737530,"gmtCreate":1669642103321,"gmtModify":1676538217371,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966737530","repostId":"2286606585","repostType":4,"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966737280,"gmtCreate":1669642089741,"gmtModify":1676538217371,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966737280","repostId":"1175209233","repostType":4,"repost":{"id":"1175209233","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":1669626638,"share":"https://www.laohu8.com/m/news/1175209233?lang=&edition=full","pubTime":"2022-11-28 17:10","market":"us","language":"en","title":"Oil Stocks Fell in Premarket Trading, with Callon Stock Dropping over 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1175209233","media":"Tiger Newspress","summary":"Oil stocks fell in premarket trading.Callon slid over 5%; Halliburton, Schlumberger and Exxon Mobil ","content":"<html><head></head><body><p>Oil stocks fell in premarket trading.</p><p>Callon slid over 5%; Halliburton, Schlumberger and Exxon Mobil slid more than 2%.<img src=\"https://static.tigerbbs.com/8ac2833fde3e9de63d7448ce540cd062\" tg-width=\"433\" tg-height=\"526\" referrerpolicy=\"no-referrer\"/>Oil prices slumped on Monday. Brent crude dropped $2.43, or 2.9 per cent, to trade at $81.20 a barrel at 0731 GMT, after diving more than 3 per cent to $80.61 earlier in the session - its lowest since Jan. 4.</p><p>U.S. West Texas Intermediate (WTI) crude slid $2.16, or 2.8 per cent, to $74.12 a barrel. It fell as far as $73.60 earlier,  its lowest since Dec. 22, 2021.</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>Oil Stocks Fell in Premarket Trading, with Callon Stock Dropping over 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Stocks Fell in Premarket Trading, with Callon Stock Dropping over 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-28 17:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Oil stocks fell in premarket trading.</p><p>Callon slid over 5%; Halliburton, Schlumberger and Exxon Mobil slid more than 2%.<img src=\"https://static.tigerbbs.com/8ac2833fde3e9de63d7448ce540cd062\" tg-width=\"433\" tg-height=\"526\" referrerpolicy=\"no-referrer\"/>Oil prices slumped on Monday. Brent crude dropped $2.43, or 2.9 per cent, to trade at $81.20 a barrel at 0731 GMT, after diving more than 3 per cent to $80.61 earlier in the session - its lowest since Jan. 4.</p><p>U.S. West Texas Intermediate (WTI) crude slid $2.16, or 2.8 per cent, to $74.12 a barrel. It fell as far as $73.60 earlier,  its lowest since Dec. 22, 2021.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HAL":"哈里伯顿","CPE":"卡隆石油","SLB":"斯伦贝谢"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175209233","content_text":"Oil stocks fell in premarket trading.Callon slid over 5%; Halliburton, Schlumberger and Exxon Mobil slid more than 2%.Oil prices slumped on Monday. Brent crude dropped $2.43, or 2.9 per cent, to trade at $81.20 a barrel at 0731 GMT, after diving more than 3 per cent to $80.61 earlier in the session - its lowest since Jan. 4.U.S. West Texas Intermediate (WTI) crude slid $2.16, or 2.8 per cent, to $74.12 a barrel. It fell as far as $73.60 earlier,  its lowest since Dec. 22, 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966737651,"gmtCreate":1669642075173,"gmtModify":1676538217370,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966737651","repostId":"2286458789","repostType":4,"repost":{"id":"2286458789","pubTimestamp":1669633875,"share":"https://www.laohu8.com/m/news/2286458789?lang=&edition=full","pubTime":"2022-11-28 19:11","market":"us","language":"en","title":"Meta: Discounted Core Business","url":"https://stock-news.laohu8.com/highlight/detail?id=2286458789","media":"Seeking Alpha","summary":"SummaryGenerations thrive by progression, there is no way of stopping the innovation of the new gene","content":"<html><head></head><body><p>Summary</p><ul><li>Generations thrive by progression, there is no way of stopping the innovation of the new generation.</li><li>Although the advertising downturn cycle and the strong dollar are temporarily tempering Meta’s core business, the underlying business is completely fine.</li><li>Investor sentiment is so bearish, that the advertising business looks cheap even with the negative impact of the metaverse.</li></ul><p>Generations have been evolving throughout the years, which has only been possible by innovations. Changes made our lives more efficient, safer and created better living conditions. Meta (NASDAQ:META) realigned their embodiment of innovation to meet the needs of the following generation. However, investors are punishing Meta&#39;s actions. As a result, the stock is now down 70% from all-time highs, which makes it a good time to take a deeper dive.</p><p></p><p><img src=\"https://static.tigerbbs.com/82e09bd338526d13efe755e157ad123d\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p></p><h2>The Core Business</h2><p>Let&#39;s start off with saying that Meta&#39;s core business is far from dead. Although the advertising market is weaker at the moment, in particular Europe, it is still generating a ton of money. Year-over-year advertising revenue stayed stable in all regions but Europe. Europe&#39;s consumer market is currently extremely weak, this is also clearly visible in other businesses. So it is no shock that advertising revenue is down by 16.3% in Europe, as companies try to cut back on marketing efforts in the region.</p><p></p><p><img src=\"https://static.tigerbbs.com/6c5dce24a6eb182c78f12aa5c8640a89\" tg-width=\"640\" tg-height=\"298\" referrerpolicy=\"no-referrer\"/></p><p>Meta-Investor Relations Q3 22</p><p></p><p>Still, this does not mean people are using less social media. Meta has been able to increase daily active people and monthly active people on their platforms. Last weekend, I have visited Barcelona (Spain), where I could witness the social media activity in the metro, train and busses. Barcelona, known as one of the busiest cities in Europe, is using Instagram, Reels and WhatsApp very frequently. By surprise, I have not seen a single person use TikTok. AI advancements in the scaling of recommendation models have led to watch time increases of 15% for Reels. Hence, I suspect that people are using Reels more and more, as a replacement for the competitor TikTok.</p><p></p><p><img src=\"https://static.tigerbbs.com/dfd4e36ee38ec2b4254a10e43c90212e\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\"/></p><p>Meta-Investor Relations Q3 22</p><p></p><p>So, Meta&#39;s platforms are completely fine and Europe is the only real laggard for now. Europe is not lagging in terms of active users, but in revenue earned per user. In Asia-Pacific and the rest of the world, ARPUs have increased year-over-year.</p><p></p><p><img src=\"https://static.tigerbbs.com/9a498d18e2887cc627d6f8b0626a86cb\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/></p><p>Meta-Investor Relations Q3 22</p><p></p><p>Personally, I still see opportunities of growth in the core business. Reels has a good chance to take back market share from TikTok. Reels are included in Instagram and Facebook, which makes it a better all-in-one experience. Further, the monetization of Messenger and WhatsApp is another huge opportunity. Mark Zuckerberg, CEO of Meta, said in the Q3 2022 earnings call:</p><blockquote>We started with Click-to-Messaging ads, which let businesses run ads on Facebook and Instagram that start a thread on Messenger, WhatsApp or Instagram Direct so they can communicate with customers directly. This is one of our fastest growing ads products, with a $9 billion annual run rate. This revenue is mostly on Click-to-Messenger today since we started there first, but Click-to-WhatsApp just passed a $1.5 billion run rate, growing more than 80% year-over-year.</blockquote><blockquote>Paid messaging is another opportunity that we&#39;re starting to tap into, and it continues to grow quickly but from a smaller base. We&#39;re putting the foundation in place now to scale this with key partnerships like Salesforce, which lets all businesses on their platform use WhatsApp as the main messaging service to answer customer questions, send updates, and sell directly in chat. We also launched JioMart on WhatsApp in India and it&#39;s our first end-to-end shopping experience that shows the potential for chatbased commerce through messaging.</blockquote><blockquote>Between Click-to-Messaging and paid messaging, I’m confident that this is going to be a big opportunity.</blockquote><p>Click-to-Messenger/WhatsApp is growing extremely fast and could take a bigger percentage of total revenue in the following years.</p><p>Overall, advertising is experiencing a temporary downturn, but this should not be troublesome for investors in the long term, since the underlying business is still sturdy.</p><h2>The Valuation</h2><p>So far, I have not talked about the metaverse business, for the reason that it does not matter. Meta is trading at 11.65x earnings and 10.71x free cash flow, even in the COVID-19 crash the company was not this cheap. The metaverse has a negative impact on PE and PFCF ratios, since it generates negative earnings and needs a lot of free cash flow, yet these metrics are going lower.</p><p>So, if Meta’s adventure in the metaverse comes to an end, no more negative impacts on earnings and free cash flow, then the stock would look even more discounted. Similarly, if the metaverse starts producing positive earnings and free cash flow, then the stock would also look more discounted. Further, the current valuation could be the bottom, as Meta is cutting costs and the core business and the dollar strength is stabilizing.</p><p></p><p><img src=\"https://static.tigerbbs.com/4cb8c2612de876d96fbee15dfc179986\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p></p><p>In terms of EV-to-EBITDA, only Netflix (NFLX) is close to the valuation of Meta. Other peers and advertising-based companies trade at a significant higher multiple.</p><p></p><p><img src=\"https://static.tigerbbs.com/316da6876f98ea9e33674d898866488a\" tg-width=\"635\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p></p><p>In addition, Meta&#39;s free-cash-flow yield is way superior than companies like Alphabet (GOOG) and Apple (AAPL). Therefore, Meta looks discounted based on fundamentals. One might argue that Apple, Microsoft (MSFT) and Alphabet are higher quality businesses and deserve a more premium valuation. However, the discrepancy between them is too large for me to consider that argument.</p><p></p><p><img src=\"https://static.tigerbbs.com/9fb87eb24eda503219fd41c29b0cbd18\" tg-width=\"635\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p></p><p>Lastly, Meta&#39;s liquidity is matching that of Apple&#39;s. The balance sheet makes it possible to do investments or give back to shareholders through buybacks. Meta has been actively buying back shares, yet the company still has 14% of the current market cap in liquidity. Snap (SNAP)&#39;s and Pinterest (PINS)&#39;s cash and short-term investments are hard to compare with that of the larger companies.</p><p></p><p><img src=\"https://static.tigerbbs.com/0fb37d71a19e97e68337fae6d783001d\" tg-width=\"635\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/>Data by YCharts<img src=\"https://static.tigerbbs.com/6bde53b768039bda10d42a0c875a037b\" tg-width=\"635\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p></p><h2>The Metaverse</h2><p>I have always had this thought; that whatever is unknown, is strenuous to comprehend, until it becomes reality. Trying to imagine what lies beyond the known boundaries of the universe is a pretty difficult exercise. What creatures could be out there? Your mind will flood you with images that you have seen in the past; but can&#39;t there be something new that has never been seen before? Something even your mind struggles to envision...</p><p>There is... and it is called innovation. Innovation is a broad term and stands for implementing a new product, service or process. As investors, we are cautious about this term:</p><blockquote>Since the profits that companies can earn are finite, the price that investors should be willing to pay for stocks must also be finite - Benjamin Graham.</blockquote><p>The metaverse is almost fully calculated into the stock price. Not to the upside, but to the downside. Investors assume nothing will come out of the Metaverse, for that reason, the stock might be a great opportunity. As we know, a decreased stock price lowers the risk and creates a higher possible return. The stock is now down 70%, which means the stock is less risky than it was at higher prices. Therefore, I would say that the margin of safety on Meta is sizeable at today&#39;s price.</p><p>However, if the metaverse would somehow manage to make some positive free cash flow, the stock price could see some promising returns. And as a matter of fact, the metaverse does look quite realistic. Learning through vision and physically practicing are the best ways to improve your skills. Globalization could be even more efficient than the current internet of things that we have now. Additionally, productivity has still room to grow. People want progress, something better, more efficient, compact and so on... If those things are available, it will be bought in no time.</p><p>However, I do agree that Meta’s storytelling has not been the best. It is very important to understand that the metaverse does not only resemble virtual reality, but also augmented reality. Unlike virtual reality, which creates a totally artificial environment, augmented reality users experience a real-world environment with generated perceptual information overlaid on top of it.</p><p>Personally, I see more real-life use in augmented reality. At the moment, deaf people finally have a chance to create meaningful conversations through augmented reality glasses. The glasses can transcript spoken language to subtitles that appear in the glasses.</p><p>Right now, I am writing this article on my pc with a second screen. But with the Meta headset, you can have as many screens as you want and even choose where to place them with augmented reality. Furthermore, the screens can have touchscreen functionalities to increase productivity. Space and cable management won’t be a problem any longer.</p><p></p><p><img src=\"https://static.tigerbbs.com/4fd580151d0b8a58a97c269551c2509b\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\"/></p><p>Meta - Website</p><p></p><p>This innovation is not all glamour, the company is spending billions of dollars in the project, which is soaking up a lot of the free cash flow. Yet, it is important to know that Meta is not only spending on the metaverse. Meta is in a new investment cycle to improve infrastructure, expand AI capacity and bring more data center capacity online. In Q3, Meta spent $4billion on Reality Labs, the rest went into other parts of the business. For example, AI advancements have led to watch time increases for Reels.</p><p></p><p><img src=\"https://static.tigerbbs.com/f9d7ea03914a4847486b45427c138351\" tg-width=\"640\" tg-height=\"250\" referrerpolicy=\"no-referrer\"/></p><p>Meta-Investor Relations Q3 22</p><p></p><p>Meta is partnering up with companies like Microsoft, <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> (ADBE), Autodesk (ADSK), <a href=\"https://laohu8.com/S/ZM\">Zoom</a> (ZM), Accenture (ACN) and many more to create new solutions and applications on the metaverse devices.</p><p>Investing in a start-up is quite risky as the company is not making any money, burns cash and dilutes shareholders. In an increasing interest rate environment, it is not as easy as before to get hold on capital. Consequently, it should be avoided by intelligent investors. Nevertheless, Meta has the capital, the infrastructure and a strong underlying business to make this metaverse start-up work.</p><h2>Takeaway</h2><p>The downturn in the advertising cycle combined with towering investments make Meta a scary place for investors. The company is now harder to model with numbers and business analysts are blacked out.</p><p>Even so, Meta’s business has been around for almost 2 decades, has a strong core business with 2.93 billion daily users and does not dilute shareholders (in fact in decreasing outstanding share count). Would you really mind them innovating to satisfy the needs of the next generation?</p><p>Surely, free cash flow will be suffering for some years by the high investments. But better returns could come forward shortly in the Reels, Messenger and WhatsApp segments, since the core business is not out of focus. The weak advertising market and the strong dollar headwinds temporarily overshadow the quality of the business.</p><p>In my opinion, investors are way too bearish; therefore I see value in Meta. The risk-reward balance is favourable at the current prices. I will say that Alphabet offers a safer deal for me with less risk and a similar reward. Always remember that you have to look for an investment that fits you.</p><p>I rate Meta a Buy. Must the stock price go down under $100 a share, I might re-rate it to a Strong Buy.</p><p>Let’s end with a thoughtful quote of Carl Jung:</p><blockquote>The creation of something new is not accomplished by the intellect but by the play instinct acting from inner necessity. The creative mind plays with the objects it loves.</blockquote></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta: Discounted Core Business</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\">\nMeta: Discounted Core Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 19:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560714-meta-discounted-core-business><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGenerations thrive by progression, there is no way of stopping the innovation of the new generation.Although the advertising downturn cycle and the strong dollar are temporarily tempering Meta’...</p>\n\n<a href=\"https://seekingalpha.com/article/4560714-meta-discounted-core-business\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms"},"source_url":"https://seekingalpha.com/article/4560714-meta-discounted-core-business","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2286458789","content_text":"SummaryGenerations thrive by progression, there is no way of stopping the innovation of the new generation.Although the advertising downturn cycle and the strong dollar are temporarily tempering Meta’s core business, the underlying business is completely fine.Investor sentiment is so bearish, that the advertising business looks cheap even with the negative impact of the metaverse.Generations have been evolving throughout the years, which has only been possible by innovations. Changes made our lives more efficient, safer and created better living conditions. Meta (NASDAQ:META) realigned their embodiment of innovation to meet the needs of the following generation. However, investors are punishing Meta's actions. As a result, the stock is now down 70% from all-time highs, which makes it a good time to take a deeper dive.Data by YChartsThe Core BusinessLet's start off with saying that Meta's core business is far from dead. Although the advertising market is weaker at the moment, in particular Europe, it is still generating a ton of money. Year-over-year advertising revenue stayed stable in all regions but Europe. Europe's consumer market is currently extremely weak, this is also clearly visible in other businesses. So it is no shock that advertising revenue is down by 16.3% in Europe, as companies try to cut back on marketing efforts in the region.Meta-Investor Relations Q3 22Still, this does not mean people are using less social media. Meta has been able to increase daily active people and monthly active people on their platforms. Last weekend, I have visited Barcelona (Spain), where I could witness the social media activity in the metro, train and busses. Barcelona, known as one of the busiest cities in Europe, is using Instagram, Reels and WhatsApp very frequently. By surprise, I have not seen a single person use TikTok. AI advancements in the scaling of recommendation models have led to watch time increases of 15% for Reels. Hence, I suspect that people are using Reels more and more, as a replacement for the competitor TikTok.Meta-Investor Relations Q3 22So, Meta's platforms are completely fine and Europe is the only real laggard for now. Europe is not lagging in terms of active users, but in revenue earned per user. In Asia-Pacific and the rest of the world, ARPUs have increased year-over-year.Meta-Investor Relations Q3 22Personally, I still see opportunities of growth in the core business. Reels has a good chance to take back market share from TikTok. Reels are included in Instagram and Facebook, which makes it a better all-in-one experience. Further, the monetization of Messenger and WhatsApp is another huge opportunity. Mark Zuckerberg, CEO of Meta, said in the Q3 2022 earnings call:We started with Click-to-Messaging ads, which let businesses run ads on Facebook and Instagram that start a thread on Messenger, WhatsApp or Instagram Direct so they can communicate with customers directly. This is one of our fastest growing ads products, with a $9 billion annual run rate. This revenue is mostly on Click-to-Messenger today since we started there first, but Click-to-WhatsApp just passed a $1.5 billion run rate, growing more than 80% year-over-year.Paid messaging is another opportunity that we're starting to tap into, and it continues to grow quickly but from a smaller base. We're putting the foundation in place now to scale this with key partnerships like Salesforce, which lets all businesses on their platform use WhatsApp as the main messaging service to answer customer questions, send updates, and sell directly in chat. We also launched JioMart on WhatsApp in India and it's our first end-to-end shopping experience that shows the potential for chatbased commerce through messaging.Between Click-to-Messaging and paid messaging, I’m confident that this is going to be a big opportunity.Click-to-Messenger/WhatsApp is growing extremely fast and could take a bigger percentage of total revenue in the following years.Overall, advertising is experiencing a temporary downturn, but this should not be troublesome for investors in the long term, since the underlying business is still sturdy.The ValuationSo far, I have not talked about the metaverse business, for the reason that it does not matter. Meta is trading at 11.65x earnings and 10.71x free cash flow, even in the COVID-19 crash the company was not this cheap. The metaverse has a negative impact on PE and PFCF ratios, since it generates negative earnings and needs a lot of free cash flow, yet these metrics are going lower.So, if Meta’s adventure in the metaverse comes to an end, no more negative impacts on earnings and free cash flow, then the stock would look even more discounted. Similarly, if the metaverse starts producing positive earnings and free cash flow, then the stock would also look more discounted. Further, the current valuation could be the bottom, as Meta is cutting costs and the core business and the dollar strength is stabilizing.Data by YChartsIn terms of EV-to-EBITDA, only Netflix (NFLX) is close to the valuation of Meta. Other peers and advertising-based companies trade at a significant higher multiple.Data by YChartsIn addition, Meta's free-cash-flow yield is way superior than companies like Alphabet (GOOG) and Apple (AAPL). Therefore, Meta looks discounted based on fundamentals. One might argue that Apple, Microsoft (MSFT) and Alphabet are higher quality businesses and deserve a more premium valuation. However, the discrepancy between them is too large for me to consider that argument.Data by YChartsLastly, Meta's liquidity is matching that of Apple's. The balance sheet makes it possible to do investments or give back to shareholders through buybacks. Meta has been actively buying back shares, yet the company still has 14% of the current market cap in liquidity. Snap (SNAP)'s and Pinterest (PINS)'s cash and short-term investments are hard to compare with that of the larger companies.Data by YChartsData by YChartsThe MetaverseI have always had this thought; that whatever is unknown, is strenuous to comprehend, until it becomes reality. Trying to imagine what lies beyond the known boundaries of the universe is a pretty difficult exercise. What creatures could be out there? Your mind will flood you with images that you have seen in the past; but can't there be something new that has never been seen before? Something even your mind struggles to envision...There is... and it is called innovation. Innovation is a broad term and stands for implementing a new product, service or process. As investors, we are cautious about this term:Since the profits that companies can earn are finite, the price that investors should be willing to pay for stocks must also be finite - Benjamin Graham.The metaverse is almost fully calculated into the stock price. Not to the upside, but to the downside. Investors assume nothing will come out of the Metaverse, for that reason, the stock might be a great opportunity. As we know, a decreased stock price lowers the risk and creates a higher possible return. The stock is now down 70%, which means the stock is less risky than it was at higher prices. Therefore, I would say that the margin of safety on Meta is sizeable at today's price.However, if the metaverse would somehow manage to make some positive free cash flow, the stock price could see some promising returns. And as a matter of fact, the metaverse does look quite realistic. Learning through vision and physically practicing are the best ways to improve your skills. Globalization could be even more efficient than the current internet of things that we have now. Additionally, productivity has still room to grow. People want progress, something better, more efficient, compact and so on... If those things are available, it will be bought in no time.However, I do agree that Meta’s storytelling has not been the best. It is very important to understand that the metaverse does not only resemble virtual reality, but also augmented reality. Unlike virtual reality, which creates a totally artificial environment, augmented reality users experience a real-world environment with generated perceptual information overlaid on top of it.Personally, I see more real-life use in augmented reality. At the moment, deaf people finally have a chance to create meaningful conversations through augmented reality glasses. The glasses can transcript spoken language to subtitles that appear in the glasses.Right now, I am writing this article on my pc with a second screen. But with the Meta headset, you can have as many screens as you want and even choose where to place them with augmented reality. Furthermore, the screens can have touchscreen functionalities to increase productivity. Space and cable management won’t be a problem any longer.Meta - WebsiteThis innovation is not all glamour, the company is spending billions of dollars in the project, which is soaking up a lot of the free cash flow. Yet, it is important to know that Meta is not only spending on the metaverse. Meta is in a new investment cycle to improve infrastructure, expand AI capacity and bring more data center capacity online. In Q3, Meta spent $4billion on Reality Labs, the rest went into other parts of the business. For example, AI advancements have led to watch time increases for Reels.Meta-Investor Relations Q3 22Meta is partnering up with companies like Microsoft, Adobe (ADBE), Autodesk (ADSK), Zoom (ZM), Accenture (ACN) and many more to create new solutions and applications on the metaverse devices.Investing in a start-up is quite risky as the company is not making any money, burns cash and dilutes shareholders. In an increasing interest rate environment, it is not as easy as before to get hold on capital. Consequently, it should be avoided by intelligent investors. Nevertheless, Meta has the capital, the infrastructure and a strong underlying business to make this metaverse start-up work.TakeawayThe downturn in the advertising cycle combined with towering investments make Meta a scary place for investors. The company is now harder to model with numbers and business analysts are blacked out.Even so, Meta’s business has been around for almost 2 decades, has a strong core business with 2.93 billion daily users and does not dilute shareholders (in fact in decreasing outstanding share count). Would you really mind them innovating to satisfy the needs of the next generation?Surely, free cash flow will be suffering for some years by the high investments. But better returns could come forward shortly in the Reels, Messenger and WhatsApp segments, since the core business is not out of focus. The weak advertising market and the strong dollar headwinds temporarily overshadow the quality of the business.In my opinion, investors are way too bearish; therefore I see value in Meta. The risk-reward balance is favourable at the current prices. I will say that Alphabet offers a safer deal for me with less risk and a similar reward. Always remember that you have to look for an investment that fits you.I rate Meta a Buy. Must the stock price go down under $100 a share, I might re-rate it to a Strong Buy.Let’s end with a thoughtful quote of Carl Jung:The creation of something new is not accomplished by the intellect but by the play instinct acting from inner necessity. The creative mind plays with the objects it loves.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966737806,"gmtCreate":1669642055605,"gmtModify":1676538217362,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966737806","repostId":"2286562802","repostType":4,"repost":{"id":"2286562802","pubTimestamp":1669634806,"share":"https://www.laohu8.com/m/news/2286562802?lang=&edition=full","pubTime":"2022-11-28 19:26","market":"us","language":"en","title":"IBM Vs. Cisco: Which Old Tech Giant Is The Best Dividend Option?","url":"https://stock-news.laohu8.com/highlight/detail?id=2286562802","media":"Seeking Alpha","summary":"IBM and Cisco are two of the largest tech companies in the world with a combined MV (Market Value) o","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/IBM\">IBM</a> and <a href=\"https://laohu8.com/S/CSCO\">Cisco</a> are two of the largest tech companies in the world with a combined MV (Market Value) of more than $325 billion. They also have the distinction of being around for multiple decades which is a long, long time compared to some of the better-known tech stocks like <a href=\"https://laohu8.com/S/ZM\">Zoom</a> and Twitter.</p><p>IBM has been around for almost 100 years beginning in 1924 while Cisco began its long climb to prominence 39 years ago in 1984.</p><p>Their price performance over the last year has been very different with IBM being up by 25% versus Cisco&#39;s decline of 11%.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-1669214575936824.png\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Unlike many tech companies, both companies have been paying dividends for decades and have the cash flow to continue indefinitely in the future. But which one would be the best dividend choice right now?</p><p>In this article, I will analyze these two old tech giants to determine which one is the best buy for dividend-seeking investors.</p><h2><b>Financial metrics</b></h2><p>A major part of the decision-making process in selecting dividend stocks is the company&#39;s future viability. How likely are they to have the financial ability to at least keep the current dividend intact and better yet increase it each year going forward?</p><p>When we look at the financial metrics comparing the two companies on a TTM (Trailing Twelve Month) basis, several metrics should be noted. The first one is the Price/Sales ratio (Line 3) which shows IBM with a ratio 40% lower than Cisco&#39;s ratio. This could imply that IBM is a better value than Cisco.</p><p>The Gross Margin % (Line 5) for both companies is large with Cisco winning at 63% to 54%. Large margins such as these indicate both companies have the potential to generate huge cash flows and subsequently dividends. But based on GM to Market Value Percentage (Line 8), IBM&#39;s margin is much higher than Cisco&#39;s 25% to 17%. Again, this may indicate that IBM is a better value based on market value.</p><p>Looking at the P/E Ratio (Line 11), Cisco looks a bit better with a PE Ratio of 13.8 compared to IBM&#39;s higher ratio of 16.6.</p><p>When it comes to Debt/EBITDA (Line 14), Cisco looks much better with a negative ratio of -.8 versus IBM&#39;s 2.9, indicating that Cisco actually has more cash than debt. Another factor not included in the net debt calculation is IBM&#39;s pension liability of $12 billion versus none for Cisco. If I included the pension liability in the net debt calculation IBM&#39;s ratio would be much higher at 3.9x.</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-1669216929030813.jpg\" tg-width=\"414\" tg-height=\"760\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha and author</p><p>Price to free cash flow (Line 16) is relatively the same with IBM at 16.6 versus Cisco&#39;s 15.1.</p><p>And finally, the dividend rate (line 18) is higher for IBM at 4.4% compared to Cisco&#39;s 3.1%.</p><p>When looking at the Financial Metrics in total, both companies are solid cash flow generators but Cisco&#39;s impressive Net Debt position gives it a distinct advantage.</p><p>Based on financial metrics, CSCO is the winner.</p><h2><b>Wall Street analyst ratings show Cisco is better liked, but the quant community does not seem to be enamored with either company</b></h2><p>Wall Street analysts appear to have relatively strong feelings for Cisco, with Wall Street plus Seeking Alpha analysts combined showing 20 Buys and only 1 Sell. IBM is almost as good, with 9 Buy recommendations and only 2 Sells.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-16692181499901552.jpg\" tg-width=\"480\" tg-height=\"289\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Quant ratings over the last year are different, showing nothing but Hold ratings for both IBM and Cisco over the entire time period.</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-16692185414353344.jpg\" tg-width=\"640\" tg-height=\"163\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-16692185742705932.jpg\" tg-width=\"640\" tg-height=\"161\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>So quants seem to be neutral on both IBM and Cisco.</p><p>Keep in mind that quant ratings have little to do with whether a company is a good dividend stock, especially over the long term.</p><h2><b>IBM did much better in the last recession than Cisco</b></h2><p>If you&#39;re concerned, as I am, of a looming recession in the next year or 18 months, knowing how a company did in the last recession can provide some investment insight.</p><p>December 2007 through June 2009 is the last recognized recession period, and IBM on a total return basis (including dividends) actually went up slightly at 6% while Cisco showed a 29% decrease in price.</p><p>So, based on the following chart, IBM performed much better in the last recession than Cisco did.</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-16692189648384814.png\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><h2><b>Dividends and share buybacks.</b></h2><p>IBM has raised its dividend for 23 years in a row, a commendable record. Looking at the 5-year dividend chart below we can see that IBM has raised its dividend from $6.21 to $6.59 per year an increase of 6%.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-16692207151424158.jpg\" tg-width=\"640\" tg-height=\"220\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>On the other hand, Cisco has done even better, raising its dividend by 18% over the same 5-year period.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-16692208731782603.jpg\" tg-width=\"640\" tg-height=\"196\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>So, if you&#39;re looking for a steady, consistently increasing dividend, either company is an excellent choice.</p><p>Share repurchases add to the stability of the dividend because fewer shares mean more dividends per share even if you pay out the same gross dollar amount.</p><p>When it comes to share repurchases, both companies have purchased more than 20% of their shares back in the last 10 years. However, in both cases, share repurchases have slowed considerably over the last 3 years.</p><p>To see more detail on both companies&#39; buyback authorizations go here.</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/23/611070-16692364632409925.jpg\" tg-width=\"480\" tg-height=\"289\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha and author</p><p>The dividend and share repurchase advantage goes slightly to Cisco.</p><h2><b>Risks</b></h2><p>Large, old tech companies tend to be much more stable than newer stocks such as Zoom and Twitter. But they are not immune to downdrafts as the following 10-year price chart shows.</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/24/611070-16693021880659974.png\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>In a volatile environment like we&#39;re facing now, cash is also a viable alternative. CD rates are now in excess of 4% a number we haven&#39;t seen literally in years.</p><p>In addition, there could be a recession coming or even a depression according to several economists. That may make profits elusive at best and provide losses at worst.</p><p>So please, do your own due diligence on every investment option.</p><h2><b>Conclusion</b></h2><p>When making decisions about dividend stocks one of the main considerations has to be how long you plan on holding the stock. Obviously, we know from the dividend paragraph above that IBM has increased its dividend for 23 years in a row. Cisco is not bad at 11 years in a row.</p><p>Comparing IBM and Cisco over the last five years on the basis of Total Return (including dividends) shows a difference in returns, with IBM up 30% and CSCO up 53%. But that difference would be much larger if not for IBM&#39;s dividend policy.</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/24/611070-16693024617229962.png\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>However, comparing Total Return only for the last one-year period, IBM has outperformed CSCO by 34% to 9%. So in the recent past, you would have received a higher dividend with IBM and a larger capital gain with IBM.</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/24/611070-16693026530314717.png\" tg-width=\"640\" tg-height=\"222\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>Looking at these two companies, I see CSCO as being better on the financial metrics, mainly because of a lower P/E ratio, lower Debt/EBITDA ratio, and higher dividend. But IBM has been performing better over the last year.</p><p>Based upon the above analysis, IBM is a Buy, and Cisco is a Hold.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IBM Vs. Cisco: Which Old Tech Giant Is The Best Dividend Option?</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\">\nIBM Vs. Cisco: Which Old Tech Giant Is The Best Dividend Option?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 19:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560763-ibm-vs-cisco-which-old-tech-giant-best-dividend-option><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IBM and Cisco are two of the largest tech companies in the world with a combined MV (Market Value) of more than $325 billion. They also have the distinction of being around for multiple decades which ...</p>\n\n<a href=\"https://seekingalpha.com/article/4560763-ibm-vs-cisco-which-old-tech-giant-best-dividend-option\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CSCO":"思科","IBM":"IBM"},"source_url":"https://seekingalpha.com/article/4560763-ibm-vs-cisco-which-old-tech-giant-best-dividend-option","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2286562802","content_text":"IBM and Cisco are two of the largest tech companies in the world with a combined MV (Market Value) of more than $325 billion. They also have the distinction of being around for multiple decades which is a long, long time compared to some of the better-known tech stocks like Zoom and Twitter.IBM has been around for almost 100 years beginning in 1924 while Cisco began its long climb to prominence 39 years ago in 1984.Their price performance over the last year has been very different with IBM being up by 25% versus Cisco's decline of 11%.Seeking AlphaUnlike many tech companies, both companies have been paying dividends for decades and have the cash flow to continue indefinitely in the future. But which one would be the best dividend choice right now?In this article, I will analyze these two old tech giants to determine which one is the best buy for dividend-seeking investors.Financial metricsA major part of the decision-making process in selecting dividend stocks is the company's future viability. How likely are they to have the financial ability to at least keep the current dividend intact and better yet increase it each year going forward?When we look at the financial metrics comparing the two companies on a TTM (Trailing Twelve Month) basis, several metrics should be noted. The first one is the Price/Sales ratio (Line 3) which shows IBM with a ratio 40% lower than Cisco's ratio. This could imply that IBM is a better value than Cisco.The Gross Margin % (Line 5) for both companies is large with Cisco winning at 63% to 54%. Large margins such as these indicate both companies have the potential to generate huge cash flows and subsequently dividends. But based on GM to Market Value Percentage (Line 8), IBM's margin is much higher than Cisco's 25% to 17%. Again, this may indicate that IBM is a better value based on market value.Looking at the P/E Ratio (Line 11), Cisco looks a bit better with a PE Ratio of 13.8 compared to IBM's higher ratio of 16.6.When it comes to Debt/EBITDA (Line 14), Cisco looks much better with a negative ratio of -.8 versus IBM's 2.9, indicating that Cisco actually has more cash than debt. Another factor not included in the net debt calculation is IBM's pension liability of $12 billion versus none for Cisco. If I included the pension liability in the net debt calculation IBM's ratio would be much higher at 3.9x.Seeking Alpha and authorPrice to free cash flow (Line 16) is relatively the same with IBM at 16.6 versus Cisco's 15.1.And finally, the dividend rate (line 18) is higher for IBM at 4.4% compared to Cisco's 3.1%.When looking at the Financial Metrics in total, both companies are solid cash flow generators but Cisco's impressive Net Debt position gives it a distinct advantage.Based on financial metrics, CSCO is the winner.Wall Street analyst ratings show Cisco is better liked, but the quant community does not seem to be enamored with either companyWall Street analysts appear to have relatively strong feelings for Cisco, with Wall Street plus Seeking Alpha analysts combined showing 20 Buys and only 1 Sell. IBM is almost as good, with 9 Buy recommendations and only 2 Sells.Seeking AlphaQuant ratings over the last year are different, showing nothing but Hold ratings for both IBM and Cisco over the entire time period.Seeking AlphaSeeking AlphaSo quants seem to be neutral on both IBM and Cisco.Keep in mind that quant ratings have little to do with whether a company is a good dividend stock, especially over the long term.IBM did much better in the last recession than CiscoIf you're concerned, as I am, of a looming recession in the next year or 18 months, knowing how a company did in the last recession can provide some investment insight.December 2007 through June 2009 is the last recognized recession period, and IBM on a total return basis (including dividends) actually went up slightly at 6% while Cisco showed a 29% decrease in price.So, based on the following chart, IBM performed much better in the last recession than Cisco did.Seeking AlphaDividends and share buybacks.IBM has raised its dividend for 23 years in a row, a commendable record. Looking at the 5-year dividend chart below we can see that IBM has raised its dividend from $6.21 to $6.59 per year an increase of 6%.Seeking AlphaOn the other hand, Cisco has done even better, raising its dividend by 18% over the same 5-year period.Seeking AlphaSo, if you're looking for a steady, consistently increasing dividend, either company is an excellent choice.Share repurchases add to the stability of the dividend because fewer shares mean more dividends per share even if you pay out the same gross dollar amount.When it comes to share repurchases, both companies have purchased more than 20% of their shares back in the last 10 years. However, in both cases, share repurchases have slowed considerably over the last 3 years.To see more detail on both companies' buyback authorizations go here.Seeking Alpha and authorThe dividend and share repurchase advantage goes slightly to Cisco.RisksLarge, old tech companies tend to be much more stable than newer stocks such as Zoom and Twitter. But they are not immune to downdrafts as the following 10-year price chart shows.Seeking AlphaIn a volatile environment like we're facing now, cash is also a viable alternative. CD rates are now in excess of 4% a number we haven't seen literally in years.In addition, there could be a recession coming or even a depression according to several economists. That may make profits elusive at best and provide losses at worst.So please, do your own due diligence on every investment option.ConclusionWhen making decisions about dividend stocks one of the main considerations has to be how long you plan on holding the stock. Obviously, we know from the dividend paragraph above that IBM has increased its dividend for 23 years in a row. Cisco is not bad at 11 years in a row.Comparing IBM and Cisco over the last five years on the basis of Total Return (including dividends) shows a difference in returns, with IBM up 30% and CSCO up 53%. But that difference would be much larger if not for IBM's dividend policy.Seeking AlphaHowever, comparing Total Return only for the last one-year period, IBM has outperformed CSCO by 34% to 9%. So in the recent past, you would have received a higher dividend with IBM and a larger capital gain with IBM.Seeking AlphaLooking at these two companies, I see CSCO as being better on the financial metrics, mainly because of a lower P/E ratio, lower Debt/EBITDA ratio, and higher dividend. But IBM has been performing better over the last year.Based upon the above analysis, IBM is a Buy, and Cisco is a Hold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966737192,"gmtCreate":1669642027816,"gmtModify":1676538217362,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966737192","repostId":"2286593544","repostType":4,"repost":{"id":"2286593544","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":1669637830,"share":"https://www.laohu8.com/m/news/2286593544?lang=&edition=full","pubTime":"2022-11-28 20:17","market":"us","language":"en","title":"Cyber Monday Set for Record Sales of US$11.2 Billion As Shoppers Wait for Discounts","url":"https://stock-news.laohu8.com/highlight/detail?id=2286593544","media":"Reuters","summary":"Spending on Cyber Monday, the biggest U.S. online shopping day, is set to hit a record $11.2 billion","content":"<html><head></head><body><p>Spending on Cyber Monday, the biggest U.S. online shopping day, is set to hit a record $11.2 billion, according to a report, as discounts on everything from clothes to TVs drive shoppers to click &#34;add to cart&#34; even as stubbornly high inflation persists.</p><p>The <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Analytics report predicts spending on Cyber Monday to rise 5.2 per cent as inflation-weary consumers have been putting off holiday shopping for weeks in the hopes of deep post-Thanksgiving markdowns.</p><p>Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85 per cent of the top 100 internet retailers in the United States.</p><p>Cyber Monday sales fell 1.4 per cent last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages.</p><p>However, big single day shopping events appear to be back in vogue this year with major retailers including <a href=\"https://laohu8.com/S/TGT\">Target Corp</a>, Macy&#39;s Inc and <a href=\"https://laohu8.com/S/BBY\">Best Buy Co</a> Inc expecting a return to pre-pandemic shopping patterns.</p><p>Target&#39;s website on Monday advertised discounts of up to 40 per cent on Hot Wheels toys and holiday decor, while Walmart Inc and Best Buy websites showed deals worth hundreds of dollars on high-end laptops and televisions.</p><p>&#34;With holiday promotions kicking off long before the Thanksgiving weekend, consumers have been shopping strategically for the season&#39;s best deals,&#34; said Mastercard Chief U.S. Economist Michelle Meyer.</p><p>U.S. shoppers also spent a record $9.12 billion online on Black Friday, according to Adobe Analytics. However, with sporadic rain in some parts of the country, brick-and-mortar stores and malls saw thinner crowds than usual.</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>Cyber Monday Set for Record Sales of US$11.2 Billion As Shoppers Wait for Discounts</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\">\nCyber Monday Set for Record Sales of US$11.2 Billion As Shoppers Wait for Discounts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-11-28 20:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Spending on Cyber Monday, the biggest U.S. online shopping day, is set to hit a record $11.2 billion, according to a report, as discounts on everything from clothes to TVs drive shoppers to click &#34;add to cart&#34; even as stubbornly high inflation persists.</p><p>The <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Analytics report predicts spending on Cyber Monday to rise 5.2 per cent as inflation-weary consumers have been putting off holiday shopping for weeks in the hopes of deep post-Thanksgiving markdowns.</p><p>Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85 per cent of the top 100 internet retailers in the United States.</p><p>Cyber Monday sales fell 1.4 per cent last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages.</p><p>However, big single day shopping events appear to be back in vogue this year with major retailers including <a href=\"https://laohu8.com/S/TGT\">Target Corp</a>, Macy&#39;s Inc and <a href=\"https://laohu8.com/S/BBY\">Best Buy Co</a> Inc expecting a return to pre-pandemic shopping patterns.</p><p>Target&#39;s website on Monday advertised discounts of up to 40 per cent on Hot Wheels toys and holiday decor, while Walmart Inc and Best Buy websites showed deals worth hundreds of dollars on high-end laptops and televisions.</p><p>&#34;With holiday promotions kicking off long before the Thanksgiving weekend, consumers have been shopping strategically for the season&#39;s best deals,&#34; said Mastercard Chief U.S. Economist Michelle Meyer.</p><p>U.S. shoppers also spent a record $9.12 billion online on Black Friday, according to Adobe Analytics. However, with sporadic rain in some parts of the country, brick-and-mortar stores and malls saw thinner crowds than usual.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","TGT":"塔吉特"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2286593544","content_text":"Spending on Cyber Monday, the biggest U.S. online shopping day, is set to hit a record $11.2 billion, according to a report, as discounts on everything from clothes to TVs drive shoppers to click \"add to cart\" even as stubbornly high inflation persists.The Adobe Analytics report predicts spending on Cyber Monday to rise 5.2 per cent as inflation-weary consumers have been putting off holiday shopping for weeks in the hopes of deep post-Thanksgiving markdowns.Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85 per cent of the top 100 internet retailers in the United States.Cyber Monday sales fell 1.4 per cent last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages.However, big single day shopping events appear to be back in vogue this year with major retailers including Target Corp, Macy's Inc and Best Buy Co Inc expecting a return to pre-pandemic shopping patterns.Target's website on Monday advertised discounts of up to 40 per cent on Hot Wheels toys and holiday decor, while Walmart Inc and Best Buy websites showed deals worth hundreds of dollars on high-end laptops and televisions.\"With holiday promotions kicking off long before the Thanksgiving weekend, consumers have been shopping strategically for the season's best deals,\" said Mastercard Chief U.S. Economist Michelle Meyer.U.S. shoppers also spent a record $9.12 billion online on Black Friday, according to Adobe Analytics. However, with sporadic rain in some parts of the country, brick-and-mortar stores and malls saw thinner crowds than usual.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966737972,"gmtCreate":1669642008796,"gmtModify":1676538217354,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966737972","repostId":"2286484593","repostType":4,"repost":{"id":"2286484593","pubTimestamp":1669635803,"share":"https://www.laohu8.com/m/news/2286484593?lang=&edition=full","pubTime":"2022-11-28 19:43","market":"us","language":"en","title":"Hedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta","url":"https://stock-news.laohu8.com/highlight/detail?id=2286484593","media":"Bloomberg","summary":"(Bloomberg) -- As Big Tech reels from the blow of higher interest rates and slowing growth, one top-","content":"<html><head></head><body><p>(Bloomberg) -- As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.</p><p>Expensive Silicon Valley tech would not normally feature on the shopping list for the Liontrust GF Tortoise Fund, which its manager Tom Morris describes as a “value-focused hedge fund,” seeking out shares it deems to be cheap.</p><p>That strategy enabled London-based Tortoise to beat 99% of its long-short equity fund peers this year, with returns of about 22%, according to data compiled by Bloomberg, versus a 17% loss for the MSCI All-Country World Index and a 12% fall for the Bloomberg Equity Long/Short Hedge Fund Index. Now though, Morris reckons it’s time to be “sensibly contrarian.”</p><p>“We are value managers but parts of tech are actually value stocks now,” Morris, who co-manages the $600 million fund with Matthew Smith, told Bloomberg in an interview in London.</p><p>Tortoise ran “relatively large” short positions on the S&amp;P 500 and the Nasdaq early in the year, as well as on some US tech stocks, and had long positions in the likes of staples and health care, before switching the portfolio back toward neutral starting from April, according to Morris. More recently, the managers have moved to a “cautiously optimistic stance,” he added.</p><p>Big deratings have left some names “basically in the doghouse,” trading at multiples of 10 to 11 times earnings, levels unseen for the past five or ten years, he said, in a reference to the ongoing tech rout that has wiped trillions of dollars off the value of the vaunted sector.</p><p>That’s the case with Meta, in which Tortoise took a long position last month. Following a hefty price plunge -- almost 70% year-to-date -- Meta trades at about 11 times 2023 earnings, half the price-to-earnings levels seen a year ago, Bloomberg data show.</p><p>Meta and its tech peers have failed to really benefit from recent signs that central banks may slow their rate-hiking pace, but Morris said the company’s high net cash position, growing user numbers and cost-cutting possibilities made it a good buy for the longer-term.</p><p>His other long tech positions include <a href=\"https://laohu8.com/S/IBM\">IBM</a> Corp., alongside chipmakers Micron Technology Inc. and Intel Corp., according to filings from end-October. The fund also recently closed short positions in two other semiconductor firms Nvidia Corp. and Advanced Micro Devices Inc., as well as crypto exchange Coinbase Global Inc., trades that Morris said had “worked out well.”</p><p>Low on Leverage</p><p>The fund’s outperformance this year contrasts starkly with the bulk of long-short equity hedge funds, with many sitting on losses and facing client outflows.</p><p>Morris attributes his successful run to a relatively simple strategy. The fund holds about 60 positions in total, and unlike many hedge fund peers, it does not have high leverage and avoids illiquid positions.</p><p>“We’ve got a long book of companies who we think are too cheap and a short book of companies who we think are too expensive, we occasionally do a bit of FX hedging and that’s it, there’s nothing particularly fancy going on, such as high frequency or derivatives,” he said.</p><p>Morris sees opportunities for additional long positions even though the MSCI All-Country World index has recouped some losses of late, with gains of about 13% this quarter.</p><p>The fund retains positions in energy, another flagship value industry that is this year’s best-performing equity subgroup. Holdings include TotalEnergies SE and Shell Plc. In addition, Tortoise has exposure to European banking shares.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta</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\">\nHedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-28 19:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-28/hedge-fund-that-beat-99-of-peers-places-contrarian-bet-on-meta?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-28/hedge-fund-that-beat-99-of-peers-places-contrarian-bet-on-meta?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":{"META":"Meta Platforms"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-28/hedge-fund-that-beat-99-of-peers-places-contrarian-bet-on-meta?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2286484593","content_text":"(Bloomberg) -- As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc.Expensive Silicon Valley tech would not normally feature on the shopping list for the Liontrust GF Tortoise Fund, which its manager Tom Morris describes as a “value-focused hedge fund,” seeking out shares it deems to be cheap.That strategy enabled London-based Tortoise to beat 99% of its long-short equity fund peers this year, with returns of about 22%, according to data compiled by Bloomberg, versus a 17% loss for the MSCI All-Country World Index and a 12% fall for the Bloomberg Equity Long/Short Hedge Fund Index. Now though, Morris reckons it’s time to be “sensibly contrarian.”“We are value managers but parts of tech are actually value stocks now,” Morris, who co-manages the $600 million fund with Matthew Smith, told Bloomberg in an interview in London.Tortoise ran “relatively large” short positions on the S&P 500 and the Nasdaq early in the year, as well as on some US tech stocks, and had long positions in the likes of staples and health care, before switching the portfolio back toward neutral starting from April, according to Morris. More recently, the managers have moved to a “cautiously optimistic stance,” he added.Big deratings have left some names “basically in the doghouse,” trading at multiples of 10 to 11 times earnings, levels unseen for the past five or ten years, he said, in a reference to the ongoing tech rout that has wiped trillions of dollars off the value of the vaunted sector.That’s the case with Meta, in which Tortoise took a long position last month. Following a hefty price plunge -- almost 70% year-to-date -- Meta trades at about 11 times 2023 earnings, half the price-to-earnings levels seen a year ago, Bloomberg data show.Meta and its tech peers have failed to really benefit from recent signs that central banks may slow their rate-hiking pace, but Morris said the company’s high net cash position, growing user numbers and cost-cutting possibilities made it a good buy for the longer-term.His other long tech positions include IBM Corp., alongside chipmakers Micron Technology Inc. and Intel Corp., according to filings from end-October. The fund also recently closed short positions in two other semiconductor firms Nvidia Corp. and Advanced Micro Devices Inc., as well as crypto exchange Coinbase Global Inc., trades that Morris said had “worked out well.”Low on LeverageThe fund’s outperformance this year contrasts starkly with the bulk of long-short equity hedge funds, with many sitting on losses and facing client outflows.Morris attributes his successful run to a relatively simple strategy. The fund holds about 60 positions in total, and unlike many hedge fund peers, it does not have high leverage and avoids illiquid positions.“We’ve got a long book of companies who we think are too cheap and a short book of companies who we think are too expensive, we occasionally do a bit of FX hedging and that’s it, there’s nothing particularly fancy going on, such as high frequency or derivatives,” he said.Morris sees opportunities for additional long positions even though the MSCI All-Country World index has recouped some losses of late, with gains of about 13% this quarter.The fund retains positions in energy, another flagship value industry that is this year’s best-performing equity subgroup. Holdings include TotalEnergies SE and Shell Plc. In addition, Tortoise has exposure to European banking shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961368941,"gmtCreate":1668840893683,"gmtModify":1676538121039,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961368941","repostId":"1148178779","repostType":4,"repost":{"id":"1148178779","pubTimestamp":1668784414,"share":"https://www.laohu8.com/m/news/1148178779?lang=&edition=full","pubTime":"2022-11-18 23:13","market":"us","language":"en","title":"S&P, Dow, Nasdaq Lose Steam After Weaker Homes Data","url":"https://stock-news.laohu8.com/highlight/detail?id=1148178779","media":"Seeking Alpha","summary":"Major market averages opened Friday's trading session in the green as buying interest picked up but ","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/4e77363bf00497d08385ca3a79dc47ea\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Major market averages opened Friday&#39;s trading session in the green as buying interest picked up but have since trimmed some of their gains.</p><p>Early on and the tech focused Nasdaq Composite dipped 0.04%, the S&amp;P 500 moved higher by 0.18%, and the Dow advanced by 0.29%.</p><p><img src=\"https://static.tigerbbs.com/a185f1327481a8f53c0327aba9e9ed19\" tg-width=\"931\" tg-height=\"150\" width=\"100%\" height=\"auto\"/></p><p>Those long the market could make a stand for a second-straight winning week today, but volume could be lighter with many getting a head start on Thanksgiving travel.</p><p>On the data front,October existing home salesdropped more than expected to 4.43M versus the consensus figure of 4.38M.</p><p>&#34;This is not directly growth related (the homes are already constructed), but affects things like demand for furniture,&#34; UBS&#39; Paul Donovan said. &#34;Falling house prices might create a negative wealth effect - that would matter to leverage.&#34;</p><p>Among the 11 S&amp;P sectors led by the Utilities and Health Care, while Energy has suffered the most as oil declined by 3.5% in the early part of trading.</p><p>Rates are a little higher after Fed chatter on Thursday indicated that members are looking for a higher terminal rate than the market is pricing in.</p><p>The 10-year Treasury yield (US10Y) is up 1 basis point to 3.77% and the 2-year yield (US2Y) is up 2 basis points to 4.47%.</p><p>&#34;Bear in mind that just after the CPI report when the latest round of speculation about a Fed pivot was at its height, the intraday low for terminal rate pricing fell back to 4.83%,&#34; Deutsche Bank&#39;s Jim Reid said. &#34;And since then, terminal rate pricing has come back by about halfway to its intraday peak of 5.2% earlier in the month. We settled at 4.99% last night.&#34;</p><p>Among active stocks, Farfetch is slumping after cutting forecasts.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Dow, Nasdaq Lose Steam After Weaker Homes 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\">\nS&P, Dow, Nasdaq Lose Steam After Weaker Homes Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-18 23:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3909567-sp-500-dow-jones-nasdaq-stock-market><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Major market averages opened Friday's trading session in the green as buying interest picked up but have since trimmed some of their gains.Early on and the tech focused Nasdaq Composite dipped 0.04%, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3909567-sp-500-dow-jones-nasdaq-stock-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3909567-sp-500-dow-jones-nasdaq-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148178779","content_text":"Major market averages opened Friday's trading session in the green as buying interest picked up but have since trimmed some of their gains.Early on and the tech focused Nasdaq Composite dipped 0.04%, the S&P 500 moved higher by 0.18%, and the Dow advanced by 0.29%.Those long the market could make a stand for a second-straight winning week today, but volume could be lighter with many getting a head start on Thanksgiving travel.On the data front,October existing home salesdropped more than expected to 4.43M versus the consensus figure of 4.38M.\"This is not directly growth related (the homes are already constructed), but affects things like demand for furniture,\" UBS' Paul Donovan said. \"Falling house prices might create a negative wealth effect - that would matter to leverage.\"Among the 11 S&P sectors led by the Utilities and Health Care, while Energy has suffered the most as oil declined by 3.5% in the early part of trading.Rates are a little higher after Fed chatter on Thursday indicated that members are looking for a higher terminal rate than the market is pricing in.The 10-year Treasury yield (US10Y) is up 1 basis point to 3.77% and the 2-year yield (US2Y) is up 2 basis points to 4.47%.\"Bear in mind that just after the CPI report when the latest round of speculation about a Fed pivot was at its height, the intraday low for terminal rate pricing fell back to 4.83%,\" Deutsche Bank's Jim Reid said. \"And since then, terminal rate pricing has come back by about halfway to its intraday peak of 5.2% earlier in the month. We settled at 4.99% last night.\"Among active stocks, Farfetch is slumping after cutting forecasts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961368089,"gmtCreate":1668840883542,"gmtModify":1676538121039,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961368089","repostId":"1156523931","repostType":4,"repost":{"id":"1156523931","pubTimestamp":1668782470,"share":"https://www.laohu8.com/m/news/1156523931?lang=&edition=full","pubTime":"2022-11-18 22:41","market":"us","language":"en","title":"More Than $2 Trillion in Stock Options Expire Friday With  Put-Call Ratio Near Levels Unseen Since 2001","url":"https://stock-news.laohu8.com/highlight/detail?id=1156523931","media":"Market Watch","summary":"Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest month","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/b8dc787dcc3d9f01b78bad669dcbff58\" tg-width=\"700\" tg-height=\"497\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest monthly event where weekly and monthly options tied to single stocks, equity indexes and exchange-traded funds expire, risking an explosion of volatility across markets.</p><p>Every month, a team of analysts from Goldman Sachs publishes a breakdown of the options that are expiring. And one of the most notable details from this month’s report is a chart showing how much trading has shifted to options contracts with 24 hours or less left before they expire.</p><p>Trading in these types of options now represents 44% of all trading in options linked to the S&amp;P 500 index. They now trade an average of $470 billion in notional value per day, according to Goldman.</p><p><img src=\"https://static.tigerbbs.com/03093a53400808d597fb19b7f7fe18df\" tg-width=\"700\" tg-height=\"396\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Options directly linked to the S&amp;P 500 make up a plurality of all equity options expiring in the U.S. on Friday, as Goldman illustrated in the chart below.</p><p><img src=\"https://static.tigerbbs.com/d5ee3ea7c5480a4e90bab11f5bc68ac0\" tg-width=\"699\" tg-height=\"381\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Another notable trend in equity-derivatives trading this year has been increasing trading in options linked to indexes and exchange-traded funds. Previously, investors had favored options linked to individual stocks. But trading volume in these options has declined this year, although it remains elevated compared to its pre-pandemic level.</p><p><img src=\"https://static.tigerbbs.com/2fc707025c18b4c27a4534f19475112f\" tg-width=\"700\" tg-height=\"516\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Investors will be paying particularly close attention to Friday’s options expiration after the equity put-call ratio — which measures trading volume of certain equity-linked options compared with trading volume in equity-linked calls —  exploded to levels unseen since 2001 earlier this week.</p><p>Most equity-linked options expire after the close of the trading day, but some index-linked options expire in the morning, according to CME Group.</p><p>One month ago, Nomura’s Charlie McElligott told clients that professional traders are increasingly buying options with one day to expiration or less, a trading strategy that he said first gained notoriety on the popular subreddit “Wall Street Bets.”</p></body></html>","source":"lsy1616996754749","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>More Than $2 Trillion in Stock Options Expire Friday With  Put-Call Ratio Near Levels Unseen Since 2001</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\">\nMore Than $2 Trillion in Stock Options Expire Friday With  Put-Call Ratio Near Levels Unseen Since 2001\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-18 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/more-than-2-trillion-in-stock-options-expire-friday-with-put-call-ratio-near-levels-unseen-since-2001-11668782195?mod=mw_latestnews><strong>Market Watch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest monthly event where weekly and monthly options tied to single stocks, equity indexes and exchange-traded ...</p>\n\n<a href=\"https://www.marketwatch.com/story/more-than-2-trillion-in-stock-options-expire-friday-with-put-call-ratio-near-levels-unseen-since-2001-11668782195?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","QQQ":"纳指100ETF"},"source_url":"https://www.marketwatch.com/story/more-than-2-trillion-in-stock-options-expire-friday-with-put-call-ratio-near-levels-unseen-since-2001-11668782195?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156523931","content_text":"Equity options worth $2.1 trillion in notional value are set to expire on Friday in the latest monthly event where weekly and monthly options tied to single stocks, equity indexes and exchange-traded funds expire, risking an explosion of volatility across markets.Every month, a team of analysts from Goldman Sachs publishes a breakdown of the options that are expiring. And one of the most notable details from this month’s report is a chart showing how much trading has shifted to options contracts with 24 hours or less left before they expire.Trading in these types of options now represents 44% of all trading in options linked to the S&P 500 index. They now trade an average of $470 billion in notional value per day, according to Goldman.Options directly linked to the S&P 500 make up a plurality of all equity options expiring in the U.S. on Friday, as Goldman illustrated in the chart below.Another notable trend in equity-derivatives trading this year has been increasing trading in options linked to indexes and exchange-traded funds. Previously, investors had favored options linked to individual stocks. But trading volume in these options has declined this year, although it remains elevated compared to its pre-pandemic level.Investors will be paying particularly close attention to Friday’s options expiration after the equity put-call ratio — which measures trading volume of certain equity-linked options compared with trading volume in equity-linked calls —  exploded to levels unseen since 2001 earlier this week.Most equity-linked options expire after the close of the trading day, but some index-linked options expire in the morning, according to CME Group.One month ago, Nomura’s Charlie McElligott told clients that professional traders are increasingly buying options with one day to expiration or less, a trading strategy that he said first gained notoriety on the popular subreddit “Wall Street Bets.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961361586,"gmtCreate":1668840847546,"gmtModify":1676538121030,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961361586","repostId":"2284706212","repostType":4,"repost":{"id":"2284706212","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":1668806827,"share":"https://www.laohu8.com/m/news/2284706212?lang=&edition=full","pubTime":"2022-11-19 05:27","market":"us","language":"en","title":"US STOCKS-S&P 500 Ends Higher, Led By Defensive Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2284706212","media":"Reuters","summary":"(Reuters) - Wall Street's benchmark S&P 500 index ended higher on Friday in a choppy trading session","content":"<html><head></head><body><p>(Reuters) - Wall Street&#39;s benchmark S&amp;P 500 index ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and investors shrugged off hawkish comments from Federal Reserve officials about interest rate hikes.</p><p>Federal Reserve Bank of Boston leader Susan Collins said that, with little evidence price pressures are waning, the Fed may need to deliver another 75-basis point rate hike as it seeks to get inflation under control.</p><p>On Thursday, St. Louis Fed President James Bullard set off equity declines when he said the Fed needs to keep raising interest rates given that its tightening so far &#34;had only limited effects on observed inflation.&#34;</p><p>With Collins and then Bullard &#34;we have had some very hawkish talk, but the market has really taken it in stride,&#34; said Keith Lerner, co-chief investment officer at Trust Advisory Services. &#34;It hasn’t hit the market to the downside like it has in the past.&#34;</p><p>The Dow Jones Industrial Average rose 199.37 points, or 0.59%, to 33,745.69, the S&amp;P 500 gained 18.78 points, or 0.48%, to 3,965.34 and the Nasdaq Composite added 1.11 points, or 0.01%, to 11,146.06.</p><p>For the week, the S&amp;P 500 fell 0.7%, retreating modestly  after a strong month-long rally spurred by softer-than-expected inflation data that sparked hopes the central bank could temper its market-punishing rate hikes.</p><p>The Nasdaq fell 1.6% for the week, while the Dow was basically unchanged.</p><p>&#34;Markets are in a bit of a holding pattern&#34; ahead of employment and other economic data, said Lauren Goodwin, economist and portfolio strategist at New York Life Investments.</p><p>&#34;What is driving all equities of course is Fed policy and the gravitational force that rising interest rates have on the equity complex as a whole,&#34; Goodwin said. &#34;We are not likely to see any real evidence in terms of potentially declining wage pressure or inflation pressure for another couple of weeks.”</p><p>Defensive groups led the way among S&amp;P 500 sectors, with utilities up 2%, real estate rising 1.3% and healthcare 1.2% higher.</p><p>The energy sector fell 0.9%, as oil prices dropped, stemming from concern about weakened demand in China and further increases to U.S. interest rates.</p><p>In company news, shares of gay dating app Grindr skyrocketed about 214% in their market debut after the company completed its merger with a special-purpose acquisition company.</p><p>Gap Inc shares rose 7.6% after the company beat Wall Street estimates for quarterly sales and profit.</p><p>Shares of <a href=\"https://laohu8.com/S/LYV\">Live Nation Entertainment</a> slumped 7.8% after The New York Times reported that the U.S. Justice Department was investigating whether the Ticketmaster parent had abused its power over the multibillion-dollar live music industry.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.54-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 8 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 62 new highs and 141 new lows.</p><p>About 9.7 billion shares changed hands in U.S. exchanges, compared with the 12 billion daily average over the last 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Ends Higher, Led By Defensive Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Ends Higher, Led By Defensive Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-11-19 05:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street&#39;s benchmark S&amp;P 500 index ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and investors shrugged off hawkish comments from Federal Reserve officials about interest rate hikes.</p><p>Federal Reserve Bank of Boston leader Susan Collins said that, with little evidence price pressures are waning, the Fed may need to deliver another 75-basis point rate hike as it seeks to get inflation under control.</p><p>On Thursday, St. Louis Fed President James Bullard set off equity declines when he said the Fed needs to keep raising interest rates given that its tightening so far &#34;had only limited effects on observed inflation.&#34;</p><p>With Collins and then Bullard &#34;we have had some very hawkish talk, but the market has really taken it in stride,&#34; said Keith Lerner, co-chief investment officer at Trust Advisory Services. &#34;It hasn’t hit the market to the downside like it has in the past.&#34;</p><p>The Dow Jones Industrial Average rose 199.37 points, or 0.59%, to 33,745.69, the S&amp;P 500 gained 18.78 points, or 0.48%, to 3,965.34 and the Nasdaq Composite added 1.11 points, or 0.01%, to 11,146.06.</p><p>For the week, the S&amp;P 500 fell 0.7%, retreating modestly  after a strong month-long rally spurred by softer-than-expected inflation data that sparked hopes the central bank could temper its market-punishing rate hikes.</p><p>The Nasdaq fell 1.6% for the week, while the Dow was basically unchanged.</p><p>&#34;Markets are in a bit of a holding pattern&#34; ahead of employment and other economic data, said Lauren Goodwin, economist and portfolio strategist at New York Life Investments.</p><p>&#34;What is driving all equities of course is Fed policy and the gravitational force that rising interest rates have on the equity complex as a whole,&#34; Goodwin said. &#34;We are not likely to see any real evidence in terms of potentially declining wage pressure or inflation pressure for another couple of weeks.”</p><p>Defensive groups led the way among S&amp;P 500 sectors, with utilities up 2%, real estate rising 1.3% and healthcare 1.2% higher.</p><p>The energy sector fell 0.9%, as oil prices dropped, stemming from concern about weakened demand in China and further increases to U.S. interest rates.</p><p>In company news, shares of gay dating app Grindr skyrocketed about 214% in their market debut after the company completed its merger with a special-purpose acquisition company.</p><p>Gap Inc shares rose 7.6% after the company beat Wall Street estimates for quarterly sales and profit.</p><p>Shares of <a href=\"https://laohu8.com/S/LYV\">Live Nation Entertainment</a> slumped 7.8% after The New York Times reported that the U.S. Justice Department was investigating whether the Ticketmaster parent had abused its power over the multibillion-dollar live music industry.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.54-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 8 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 62 new highs and 141 new lows.</p><p>About 9.7 billion shares changed hands in U.S. exchanges, compared with the 12 billion daily average over the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2284706212","content_text":"(Reuters) - Wall Street's benchmark S&P 500 index ended higher on Friday in a choppy trading session, as gains in defensive shares overshadowed energy declines, and investors shrugged off hawkish comments from Federal Reserve officials about interest rate hikes.Federal Reserve Bank of Boston leader Susan Collins said that, with little evidence price pressures are waning, the Fed may need to deliver another 75-basis point rate hike as it seeks to get inflation under control.On Thursday, St. Louis Fed President James Bullard set off equity declines when he said the Fed needs to keep raising interest rates given that its tightening so far \"had only limited effects on observed inflation.\"With Collins and then Bullard \"we have had some very hawkish talk, but the market has really taken it in stride,\" said Keith Lerner, co-chief investment officer at Trust Advisory Services. \"It hasn’t hit the market to the downside like it has in the past.\"The Dow Jones Industrial Average rose 199.37 points, or 0.59%, to 33,745.69, the S&P 500 gained 18.78 points, or 0.48%, to 3,965.34 and the Nasdaq Composite added 1.11 points, or 0.01%, to 11,146.06.For the week, the S&P 500 fell 0.7%, retreating modestly  after a strong month-long rally spurred by softer-than-expected inflation data that sparked hopes the central bank could temper its market-punishing rate hikes.The Nasdaq fell 1.6% for the week, while the Dow was basically unchanged.\"Markets are in a bit of a holding pattern\" ahead of employment and other economic data, said Lauren Goodwin, economist and portfolio strategist at New York Life Investments.\"What is driving all equities of course is Fed policy and the gravitational force that rising interest rates have on the equity complex as a whole,\" Goodwin said. \"We are not likely to see any real evidence in terms of potentially declining wage pressure or inflation pressure for another couple of weeks.”Defensive groups led the way among S&P 500 sectors, with utilities up 2%, real estate rising 1.3% and healthcare 1.2% higher.The energy sector fell 0.9%, as oil prices dropped, stemming from concern about weakened demand in China and further increases to U.S. interest rates.In company news, shares of gay dating app Grindr skyrocketed about 214% in their market debut after the company completed its merger with a special-purpose acquisition company.Gap Inc shares rose 7.6% after the company beat Wall Street estimates for quarterly sales and profit.Shares of Live Nation Entertainment slumped 7.8% after The New York Times reported that the U.S. Justice Department was investigating whether the Ticketmaster parent had abused its power over the multibillion-dollar live music industry.Advancing issues outnumbered declining ones on the NYSE by a 1.54-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored advancers.The S&P 500 posted 8 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 62 new highs and 141 new lows.About 9.7 billion shares changed hands in U.S. exchanges, compared with the 12 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961361257,"gmtCreate":1668840834279,"gmtModify":1676538121030,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961361257","repostId":"1180793927","repostType":4,"repost":{"id":"1180793927","pubTimestamp":1668783664,"share":"https://www.laohu8.com/m/news/1180793927?lang=&edition=full","pubTime":"2022-11-18 23:01","market":"us","language":"en","title":"Top Calls on Wall Street: Amazon, HP, DraftKings, Applied Materials and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1180793927","media":"The Fly","summary":"Top 5 Upgrades:JPMorgan analyst Lisa Gill upgraded Walgreens Boots Alliance(WBA) to Overweight from ","content":"<html><head></head><body><h2><b>Top 5 Upgrades:</b></h2><ul><li>JPMorgan analyst Lisa Gill upgraded <b>Walgreens Boots Alliance</b>(WBA) to Overweight from Neutral with a $42 price target. The company has &#34;significantly invested in its transformational consumer-centric healthcare strategy,&#34; the centerpiece of which is the launch of Walgreens Healthcare, Gill tells investors.</li><li>Summit Insights analyst Kinngai Chan upgraded <b>Applied Materials</b>(AMAT) to Buy from Hold post the October quarter results. The analyst now believes the 2023 wafer dab spending cuts are priced into the stock.</li><li>Gordon Haskett analyst Chuck Grom upgraded <b>Ross Stores</b>(ROST) to Buy from Hold with a $130 price target. He had turned incrementally more positive on the off-price retail space last week when he&#39;d upgraded TJX (TJX) to Buy, but the results from Ross and across the space with over 10 companies under coverage reporting Q3 results this week lead him to see more &#34;evidence&#34; that middle-income shoppers would begin to trade down into the off-price space.</li><li>Guggenheim analyst Shahriar Pourreza upgraded <b>Pinnacle West</b>(PNW) to Neutral from Sell with a price target of $70, up from $54. The regulatory construct in Arizona has improved following the election loss of Commissioner Sandra Kennedy and the victories of two Republican commissioners, Pourreza tells investors.</li><li>Northcoast analyst Jim Sanderson upgraded <b>Domino&#39;s Pizza</b>(DPZ) to Buy from Neutral with a $460 price target.</li></ul><h2><b>Top 5 Downgrades:</b></h2><ul><li>Credit Suisse analyst Shannon Cross downgraded <b>HP Inc.</b>(HPQ) to Neutral from Outperform with an unchanged price target of $33. The analyst believes the company&#39;s revenue and margins will be &#34;challenged near term&#34; by weakening consumer sentiment, pressure on selling prices as a result of lower demand and better supply, slower enterprise demand near term for PCs and printing as IT budgets prioritize hybrid cloud, security and software solutions, and macroeconomic uncertainty.</li><li>Oppenheimer analyst Jay Olson downgraded <b>Editas Medicine</b>(EDIT) to Perform from Outperform with a price target of $12, down from $28. The downgrade follows the announcement that the Phase 1/2 BRILLIANCE trial of EDIT-101 for Leber congenital amaurosis 10 is pausing enrollment following preliminary efficacy data that showed only three of the 14 patients met the responder threshold of clinically meaningful improvement in best corrected visual acuity, Olson tells investors in a research note. Credit Suisse analyst Tiago Fauth also downgraded Editas Medicine to Neutral from Outperform with a price target of $13, down from $25, after removing the contribution from EDIT-101 and other ocular indications from his model following the company&#39;s update from the BRILLIANCE trial.</li><li>Morgan Stanley analyst Lauren Schenk downgraded <b>Rent The Runway</b>(RENT) to Equal Weight from Overweight with a price target of $2.50, down from $10. Recent web traffic data suggests a &#34;meaningful October slowdown&#34; and a Q3 subscriber miss after an encouraging September, Schenk tells investors in a research note.</li><li>Wedbush analyst Seth Basham downgraded <b>RH</b>(RH) to Neutral from Outperform with a price target of $270, down from $274. RH has been steadfast in protecting its brand without discounting, but this has contributed to mounting market share losses, Basham tells investors in a research note.</li><li>Erste Group analyst Hans Engel downgraded <b>Amazon.com</b>(AMZN) to Hold from Buy. The &#34;outlook for earnings development has deteriorated in recent weeks,&#34; Engel tells investors.</li></ul><h2><b>Top 5 Initiations:</b></h2><ul><li>Piper Sandler analyst Matt Farrell initiated coverage of <b>DraftKings</b>(DKNG) with an Overweight rating and $21 price target. DraftKings is a leader in the online sports betting market with a growing presence in internet gaming, which combined represent an $80B total addressable market between the United States and Canada, Farrell tells investors in a research note.</li><li>Credit Suisse analyst Trung Huynh initiated coverage of <b>Merck</b>(MRK) with an Outperform rating and $120 price target, calling it one of his two top ideas based on a relative basis among the U.S. large-cap biopharma peer group. He sees Merck having &#34;low-risk and high short-term growth&#34; as he sees Keytruda growing at over 20% year-over-year, giving the company &#34;ample time&#34; to fill its loss-of-exclusivity cliff by end-2028.</li><li>Raymond James analyst Andrew Cooper initiated coverage of <b>Fulgent Genetics</b>(FLGT) with an Outperform rating and $45 price target. The company capitalized on COVID-19 testing capabilities and has now deployed part of its &#34;substantial cash hoard&#34; to emerge from the pandemic with the full breadth of oncology testing capabilities, Cooper tells investors in a research note.</li><li>BofA analyst Jason Zemansky initiated coverage of <b>Insmed</b>(INSM) with a Buy rating and $39 price target. The company&#39;s differentiated pipeline and strong underlying fundamentals place it apart from its peers, presenting a &#34;compelling&#34; risk-reward, the analyst tells investors in a research note.</li><li>Morgan Stanley analyst Alex Straton assumed coverage of <b>Ross Stores</b> with an Overweight rating with a price target of $127, up from $119, following the company&#39;s Q3 report. The magnitude of the Q3 beat &#34;surprised to the upside&#34; and revenue re-acceleration &#34;makes for a compelling set-up&#34; into Q4 and 2023, said Straton, who thinks &#34;things only get better from here.&#34;</li></ul></body></html>","source":"lsy1649979459173","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>Top Calls on Wall Street: Amazon, HP, DraftKings, Applied Materials and More</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\">\nTop Calls on Wall Street: Amazon, HP, DraftKings, Applied Materials and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-18 23:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3621141&headline=HPQ;DKNG;EDIT;RENT;MRK;RH;FLGT;WBA;AMAT;ROST;TJX;PNW;DPZ;AMZN;INSM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>The Fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:JPMorgan analyst Lisa Gill upgraded Walgreens Boots Alliance(WBA) to Overweight from Neutral with a $42 price target. The company has \"significantly invested in its transformational ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3621141&headline=HPQ;DKNG;EDIT;RENT;MRK;RH;FLGT;WBA;AMAT;ROST;TJX;PNW;DPZ;AMZN;INSM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc.","HPQ":"惠普","AMZN":"亚马逊","AMAT":"应用材料"},"source_url":"https://thefly.com/landingPageNews.php?id=3621141&headline=HPQ;DKNG;EDIT;RENT;MRK;RH;FLGT;WBA;AMAT;ROST;TJX;PNW;DPZ;AMZN;INSM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180793927","content_text":"Top 5 Upgrades:JPMorgan analyst Lisa Gill upgraded Walgreens Boots Alliance(WBA) to Overweight from Neutral with a $42 price target. The company has \"significantly invested in its transformational consumer-centric healthcare strategy,\" the centerpiece of which is the launch of Walgreens Healthcare, Gill tells investors.Summit Insights analyst Kinngai Chan upgraded Applied Materials(AMAT) to Buy from Hold post the October quarter results. The analyst now believes the 2023 wafer dab spending cuts are priced into the stock.Gordon Haskett analyst Chuck Grom upgraded Ross Stores(ROST) to Buy from Hold with a $130 price target. He had turned incrementally more positive on the off-price retail space last week when he'd upgraded TJX (TJX) to Buy, but the results from Ross and across the space with over 10 companies under coverage reporting Q3 results this week lead him to see more \"evidence\" that middle-income shoppers would begin to trade down into the off-price space.Guggenheim analyst Shahriar Pourreza upgraded Pinnacle West(PNW) to Neutral from Sell with a price target of $70, up from $54. The regulatory construct in Arizona has improved following the election loss of Commissioner Sandra Kennedy and the victories of two Republican commissioners, Pourreza tells investors.Northcoast analyst Jim Sanderson upgraded Domino's Pizza(DPZ) to Buy from Neutral with a $460 price target.Top 5 Downgrades:Credit Suisse analyst Shannon Cross downgraded HP Inc.(HPQ) to Neutral from Outperform with an unchanged price target of $33. The analyst believes the company's revenue and margins will be \"challenged near term\" by weakening consumer sentiment, pressure on selling prices as a result of lower demand and better supply, slower enterprise demand near term for PCs and printing as IT budgets prioritize hybrid cloud, security and software solutions, and macroeconomic uncertainty.Oppenheimer analyst Jay Olson downgraded Editas Medicine(EDIT) to Perform from Outperform with a price target of $12, down from $28. The downgrade follows the announcement that the Phase 1/2 BRILLIANCE trial of EDIT-101 for Leber congenital amaurosis 10 is pausing enrollment following preliminary efficacy data that showed only three of the 14 patients met the responder threshold of clinically meaningful improvement in best corrected visual acuity, Olson tells investors in a research note. Credit Suisse analyst Tiago Fauth also downgraded Editas Medicine to Neutral from Outperform with a price target of $13, down from $25, after removing the contribution from EDIT-101 and other ocular indications from his model following the company's update from the BRILLIANCE trial.Morgan Stanley analyst Lauren Schenk downgraded Rent The Runway(RENT) to Equal Weight from Overweight with a price target of $2.50, down from $10. Recent web traffic data suggests a \"meaningful October slowdown\" and a Q3 subscriber miss after an encouraging September, Schenk tells investors in a research note.Wedbush analyst Seth Basham downgraded RH(RH) to Neutral from Outperform with a price target of $270, down from $274. RH has been steadfast in protecting its brand without discounting, but this has contributed to mounting market share losses, Basham tells investors in a research note.Erste Group analyst Hans Engel downgraded Amazon.com(AMZN) to Hold from Buy. The \"outlook for earnings development has deteriorated in recent weeks,\" Engel tells investors.Top 5 Initiations:Piper Sandler analyst Matt Farrell initiated coverage of DraftKings(DKNG) with an Overweight rating and $21 price target. DraftKings is a leader in the online sports betting market with a growing presence in internet gaming, which combined represent an $80B total addressable market between the United States and Canada, Farrell tells investors in a research note.Credit Suisse analyst Trung Huynh initiated coverage of Merck(MRK) with an Outperform rating and $120 price target, calling it one of his two top ideas based on a relative basis among the U.S. large-cap biopharma peer group. He sees Merck having \"low-risk and high short-term growth\" as he sees Keytruda growing at over 20% year-over-year, giving the company \"ample time\" to fill its loss-of-exclusivity cliff by end-2028.Raymond James analyst Andrew Cooper initiated coverage of Fulgent Genetics(FLGT) with an Outperform rating and $45 price target. The company capitalized on COVID-19 testing capabilities and has now deployed part of its \"substantial cash hoard\" to emerge from the pandemic with the full breadth of oncology testing capabilities, Cooper tells investors in a research note.BofA analyst Jason Zemansky initiated coverage of Insmed(INSM) with a Buy rating and $39 price target. The company's differentiated pipeline and strong underlying fundamentals place it apart from its peers, presenting a \"compelling\" risk-reward, the analyst tells investors in a research note.Morgan Stanley analyst Alex Straton assumed coverage of Ross Stores with an Overweight rating with a price target of $127, up from $119, following the company's Q3 report. The magnitude of the Q3 beat \"surprised to the upside\" and revenue re-acceleration \"makes for a compelling set-up\" into Q4 and 2023, said Straton, who thinks \"things only get better from here.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9969736206,"gmtCreate":1668520603205,"gmtModify":1676538069708,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9969736206","repostId":"1147886867","repostType":4,"repost":{"id":"1147886867","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":1668516476,"share":"https://www.laohu8.com/m/news/1147886867?lang=&edition=full","pubTime":"2022-11-15 20:47","market":"us","language":"en","title":"Pre-Bell｜Nasdaq Futures Rose over 170 Points; Walmart Shares Surged 6.9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1147886867","media":"Tiger Newspress","summary":"U.S. stock index futures rose on Tuesday after a meeting between President Joe Biden and Chinese lea","content":"<html><head></head><body><p>U.S. stock index futures rose on Tuesday after a meeting between President Joe Biden and Chinese leader Xi Jinping in which they pledged more frequent communications, while investors awaited producer prices data for cues on the path of future rate hikes.</p><h2><b>Market Snapshot</b></h2><p>At 07:46 a.m. ET, Dow e-minis were up 202 points, or 0.6%, S&amp;P 500 e-minis were up 38.5 points, or 0.97%, and Nasdaq 100 e-minis were up 171 points, or 1.46%.</p><p><img src=\"https://static.tigerbbs.com/d52b8a38981c8b9bb450b693f9fbe81e\" tg-width=\"403\" tg-height=\"196\" width=\"100%\" height=\"auto\"/></p><h2><b>Pre-Market Movers</b></h2><p>Walmart(WMT) – Walmart shares surged 6.9% in the premarket after the retailer reportedbetter-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Walmart also announced a $20 billion share repurchase program.</p><p>Vodafone(VOD) – Vodafone slid 4.1% in premarket trading after the mobile operator cut its earnings guidance and cash flow forecast, pointing to a challenging economic environment.</p><p>Getty Images(GETY) – Getty Images slumped 11.8% in the premarket after its quarterly revenue fell short of Wall Street forecasts, although the visual content marketplace operator did see earnings top consensus.</p><p>Home Depot(HD) – Home Depot fell 1.1% in the premarket, after beating top and bottom line estimates for its latest quarter but merely reaffirming its full-year earnings forecast.</p><p>Energizer Holdings(ENR) – The maker of Energizer and Rayovac batteries saw its stock surge 10% in premarket action following better-than-expected quarterly results. Energizer’s results came despite what the company calls a volatile operating environment with significant headwinds.</p><p>Taiwan Semiconductor(TSM) – Taiwan Semiconductor rallied 10.9% in off-hours trading afterBerkshire Hathaway(BRKb) disclosed in a Securities and Exchange Commission filing that it had bought more than $4.1 billion of the chip maker’s stock during the third quarter.</p><p>Bath &amp; Body Works(BBWI) – Bath &amp; Body Works rose 2.8% in the premarket after investor Dan Loeb’s Third Point revealed a $265 million purchase in the retailer’s stock in its quarterly SEC filing.</p><p>Estee Lauder(EL) – Estee Lauder is close to a deal to buy high-end fashion company Tom Ford for roughly $2.8 billion, according to people familiar with the matter who spoke to The Wall Street Journal. It would be the cosmetics company’s largest-ever acquisition. Estee Lauder rose 2.1% in the premarket.</p><p>Tencent Music(TME) – Tencent Music surged 9.7% in premarket action after reporting better-than-expected quarterly profit and revenue. The China-based music streaming service benefited from an increase in the number of paying subscribers.</p><h2><b>Market News</b></h2><p><b>Walmart Raises Outlook As Groceries Boost Sales, Inventory Glut Recedes</b></p><p>Walmart said Tuesday that sales rose by nearly 9% in the fiscal third quarter, as Americans across income levels bought the company’s low-priced groceries.</p><p>The discounter beat Wall Street’s expectations for the quarter and raised its outlook to reflect that beat.</p><p><b>Sea Non-GAAP EPS of -$0.66 beats by $0.29, revenue of $3.2B beats by $190M</b></p><p>Sea shares surged 11% as sales beat estimate. Sea Q3 EPS $(0.66) beats $(1.09) estimate, sales $3.20b beat $3.00b estimate.</p><p>E-commerce revenue grew 32.4% Y/Y to $1.98B. Gross orders totaled 2.B, an increase of 21.4% Y/Y.</p><p><b>Tencent Music&#39;s Q3 Revenues Were $1.04 Billion, Net Profit Was $149 Million</b></p><p>Tencent Music Entertainment Corp beat Wall Street estimates for third-quarter revenue and profit on Tuesday, as more paying users signed up on the Chinese music streaming company&#39;s platform.</p><p>A recovery in advertising sales helped the company that has been ramping up its original content slate to help put more users behind a paywall.</p><p><b>Buffett Takes $5 Billion Stake in TSMC, Sparking Surge in Shares</b></p><p>Warren Buffett’s Berkshire Hathaway Inc. took a stake of about $5 billion in <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing Co.</a>, a sign the legendary investor thinks the world’s leading chipmaker has bottomed out after a selloff of more than $250 billion. Shares surged.</p><p>The Omaha-based conglomerate acquired about 60 million American depository receipts in TSMC in the three months ended September, it said in a filing. The Taiwanese company produces semiconductors for clients like Nvidia Corp. and Qualcomm Inc. and is the exclusive supplier of Apple Inc.’s custom Silicon chips. Apple remains the most valuable single holding in Berkshire’s portfolio.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Nasdaq Futures Rose over 170 Points; Walmart Shares Surged 6.9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Nasdaq Futures Rose over 170 Points; Walmart Shares Surged 6.9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-15 20:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures rose on Tuesday after a meeting between President Joe Biden and Chinese leader Xi Jinping in which they pledged more frequent communications, while investors awaited producer prices data for cues on the path of future rate hikes.</p><h2><b>Market Snapshot</b></h2><p>At 07:46 a.m. ET, Dow e-minis were up 202 points, or 0.6%, S&amp;P 500 e-minis were up 38.5 points, or 0.97%, and Nasdaq 100 e-minis were up 171 points, or 1.46%.</p><p><img src=\"https://static.tigerbbs.com/d52b8a38981c8b9bb450b693f9fbe81e\" tg-width=\"403\" tg-height=\"196\" width=\"100%\" height=\"auto\"/></p><h2><b>Pre-Market Movers</b></h2><p>Walmart(WMT) – Walmart shares surged 6.9% in the premarket after the retailer reportedbetter-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Walmart also announced a $20 billion share repurchase program.</p><p>Vodafone(VOD) – Vodafone slid 4.1% in premarket trading after the mobile operator cut its earnings guidance and cash flow forecast, pointing to a challenging economic environment.</p><p>Getty Images(GETY) – Getty Images slumped 11.8% in the premarket after its quarterly revenue fell short of Wall Street forecasts, although the visual content marketplace operator did see earnings top consensus.</p><p>Home Depot(HD) – Home Depot fell 1.1% in the premarket, after beating top and bottom line estimates for its latest quarter but merely reaffirming its full-year earnings forecast.</p><p>Energizer Holdings(ENR) – The maker of Energizer and Rayovac batteries saw its stock surge 10% in premarket action following better-than-expected quarterly results. Energizer’s results came despite what the company calls a volatile operating environment with significant headwinds.</p><p>Taiwan Semiconductor(TSM) – Taiwan Semiconductor rallied 10.9% in off-hours trading afterBerkshire Hathaway(BRKb) disclosed in a Securities and Exchange Commission filing that it had bought more than $4.1 billion of the chip maker’s stock during the third quarter.</p><p>Bath &amp; Body Works(BBWI) – Bath &amp; Body Works rose 2.8% in the premarket after investor Dan Loeb’s Third Point revealed a $265 million purchase in the retailer’s stock in its quarterly SEC filing.</p><p>Estee Lauder(EL) – Estee Lauder is close to a deal to buy high-end fashion company Tom Ford for roughly $2.8 billion, according to people familiar with the matter who spoke to The Wall Street Journal. It would be the cosmetics company’s largest-ever acquisition. Estee Lauder rose 2.1% in the premarket.</p><p>Tencent Music(TME) – Tencent Music surged 9.7% in premarket action after reporting better-than-expected quarterly profit and revenue. The China-based music streaming service benefited from an increase in the number of paying subscribers.</p><h2><b>Market News</b></h2><p><b>Walmart Raises Outlook As Groceries Boost Sales, Inventory Glut Recedes</b></p><p>Walmart said Tuesday that sales rose by nearly 9% in the fiscal third quarter, as Americans across income levels bought the company’s low-priced groceries.</p><p>The discounter beat Wall Street’s expectations for the quarter and raised its outlook to reflect that beat.</p><p><b>Sea Non-GAAP EPS of -$0.66 beats by $0.29, revenue of $3.2B beats by $190M</b></p><p>Sea shares surged 11% as sales beat estimate. Sea Q3 EPS $(0.66) beats $(1.09) estimate, sales $3.20b beat $3.00b estimate.</p><p>E-commerce revenue grew 32.4% Y/Y to $1.98B. Gross orders totaled 2.B, an increase of 21.4% Y/Y.</p><p><b>Tencent Music&#39;s Q3 Revenues Were $1.04 Billion, Net Profit Was $149 Million</b></p><p>Tencent Music Entertainment Corp beat Wall Street estimates for third-quarter revenue and profit on Tuesday, as more paying users signed up on the Chinese music streaming company&#39;s platform.</p><p>A recovery in advertising sales helped the company that has been ramping up its original content slate to help put more users behind a paywall.</p><p><b>Buffett Takes $5 Billion Stake in TSMC, Sparking Surge in Shares</b></p><p>Warren Buffett’s Berkshire Hathaway Inc. took a stake of about $5 billion in <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing Co.</a>, a sign the legendary investor thinks the world’s leading chipmaker has bottomed out after a selloff of more than $250 billion. Shares surged.</p><p>The Omaha-based conglomerate acquired about 60 million American depository receipts in TSMC in the three months ended September, it said in a filing. The Taiwanese company produces semiconductors for clients like Nvidia Corp. and Qualcomm Inc. and is the exclusive supplier of Apple Inc.’s custom Silicon chips. Apple remains the most valuable single holding in Berkshire’s portfolio.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147886867","content_text":"U.S. stock index futures rose on Tuesday after a meeting between President Joe Biden and Chinese leader Xi Jinping in which they pledged more frequent communications, while investors awaited producer prices data for cues on the path of future rate hikes.Market SnapshotAt 07:46 a.m. ET, Dow e-minis were up 202 points, or 0.6%, S&P 500 e-minis were up 38.5 points, or 0.97%, and Nasdaq 100 e-minis were up 171 points, or 1.46%.Pre-Market MoversWalmart(WMT) – Walmart shares surged 6.9% in the premarket after the retailer reportedbetter-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Walmart also announced a $20 billion share repurchase program.Vodafone(VOD) – Vodafone slid 4.1% in premarket trading after the mobile operator cut its earnings guidance and cash flow forecast, pointing to a challenging economic environment.Getty Images(GETY) – Getty Images slumped 11.8% in the premarket after its quarterly revenue fell short of Wall Street forecasts, although the visual content marketplace operator did see earnings top consensus.Home Depot(HD) – Home Depot fell 1.1% in the premarket, after beating top and bottom line estimates for its latest quarter but merely reaffirming its full-year earnings forecast.Energizer Holdings(ENR) – The maker of Energizer and Rayovac batteries saw its stock surge 10% in premarket action following better-than-expected quarterly results. Energizer’s results came despite what the company calls a volatile operating environment with significant headwinds.Taiwan Semiconductor(TSM) – Taiwan Semiconductor rallied 10.9% in off-hours trading afterBerkshire Hathaway(BRKb) disclosed in a Securities and Exchange Commission filing that it had bought more than $4.1 billion of the chip maker’s stock during the third quarter.Bath & Body Works(BBWI) – Bath & Body Works rose 2.8% in the premarket after investor Dan Loeb’s Third Point revealed a $265 million purchase in the retailer’s stock in its quarterly SEC filing.Estee Lauder(EL) – Estee Lauder is close to a deal to buy high-end fashion company Tom Ford for roughly $2.8 billion, according to people familiar with the matter who spoke to The Wall Street Journal. It would be the cosmetics company’s largest-ever acquisition. Estee Lauder rose 2.1% in the premarket.Tencent Music(TME) – Tencent Music surged 9.7% in premarket action after reporting better-than-expected quarterly profit and revenue. The China-based music streaming service benefited from an increase in the number of paying subscribers.Market NewsWalmart Raises Outlook As Groceries Boost Sales, Inventory Glut RecedesWalmart said Tuesday that sales rose by nearly 9% in the fiscal third quarter, as Americans across income levels bought the company’s low-priced groceries.The discounter beat Wall Street’s expectations for the quarter and raised its outlook to reflect that beat.Sea Non-GAAP EPS of -$0.66 beats by $0.29, revenue of $3.2B beats by $190MSea shares surged 11% as sales beat estimate. Sea Q3 EPS $(0.66) beats $(1.09) estimate, sales $3.20b beat $3.00b estimate.E-commerce revenue grew 32.4% Y/Y to $1.98B. Gross orders totaled 2.B, an increase of 21.4% Y/Y.Tencent Music's Q3 Revenues Were $1.04 Billion, Net Profit Was $149 MillionTencent Music Entertainment Corp beat Wall Street estimates for third-quarter revenue and profit on Tuesday, as more paying users signed up on the Chinese music streaming company's platform.A recovery in advertising sales helped the company that has been ramping up its original content slate to help put more users behind a paywall.Buffett Takes $5 Billion Stake in TSMC, Sparking Surge in SharesWarren Buffett’s Berkshire Hathaway Inc. took a stake of about $5 billion in Taiwan Semiconductor Manufacturing Co., a sign the legendary investor thinks the world’s leading chipmaker has bottomed out after a selloff of more than $250 billion. Shares surged.The Omaha-based conglomerate acquired about 60 million American depository receipts in TSMC in the three months ended September, it said in a filing. The Taiwanese company produces semiconductors for clients like Nvidia Corp. and Qualcomm Inc. and is the exclusive supplier of Apple Inc.’s custom Silicon chips. Apple remains the most valuable single holding in Berkshire’s portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982430123,"gmtCreate":1667226536862,"gmtModify":1676537880892,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9982430123","repostId":"1126872333","repostType":4,"repost":{"id":"1126872333","pubTimestamp":1667230218,"share":"https://www.laohu8.com/m/news/1126872333?lang=&edition=full","pubTime":"2022-10-31 23:30","market":"us","language":"en","title":"Tech Is Getting Boring. That’s a Good Thing","url":"https://stock-news.laohu8.com/highlight/detail?id=1126872333","media":"The Wall Street Journal","summary":"History shows that downturns are when the industry shifts focus from flashy novelties to things that are truly useful","content":"<html><head></head><body><p>LAGUNA BEACH, Calif.—With their valuations and earnings down, and their guidance gloomy, America’s tech companies have entered a phase when they have to be brutally honest with themselves about what really works. This means executives are trimming staff, moonshots and unprofitable distractions. They’re also deciding what to focus on.</p><p>It’s a transition away from more than a decade of “gee-whiz” projects—think self-driving cars, flying cars, metaverses and crypto—all fueled by seemingly limitless cash and venture-backed meal-replacement slurries. The task at hand now: the sometimes-boring but always-important work of building and expanding businesses that actually make money, by delivering things people and companies want and need.</p><p>This past week of earnings reports and public comments from the leaders of America’s biggest tech companies hammered home this theme. Google parent Alphabet, Microsoft, <a href=\"https://laohu8.com/S/META\">Facebook</a> increase; green up pointing triangle parent Meta Platforms and Amazon all reported quarterly results that caused their already-battered stocks to fall further.</p><p>For me and others who attended The Wall Street Journal Tech Live conference this past week, it was impossible to miss a recurring theme: the gravity of this moment, and the ways leaders are being forced to quickly adapt. This reality came up again and again, in both panels and frank between-session chatter.</p><p>Asked about the sudden, industrywide decline in sales of semiconductors, a stark turn in fortunes even for an industry as cyclical as chips, Intel Chief Executive Pat Gelsinger said: “Misery loves company—and that’s the nature of the semiconductor industry.”</p><p>Evan Spiegel, CEO of Snap—whose market value has tumbled more than 80% over the past year—spoke candidly about having had to discontinue innovative hardware products like its Pixy drone because they were low-margin businesses. He said his company had to focus on what could directly affect its bottom line, from making more revenue per user on advertising to continuing to expand the audience for its core social-media product.</p><p>Amid all this gloom, though, the inherent optimism of the tech industry also shined through. And that belief that better times are just one more breakthrough away isn’t entirely irrational, given what has happened to America’s tech industry in downturns past.</p><p>Historically, when venture capitalists tighten the purse strings and shareholders in public companies start demanding answers, the tech industry is forced to cut back in areas that aren’t viable businesses and focus on what can actually generate value for their customers—and revenue for themselves.</p><p>During financial crises, belt-tightening leads to the rollout and broad adoption of existing but not yet widely used technologies, according to lecturer and consultant Carlota Perez, who is a favorite of some venture capitalists for her studies of what drives revolutions in technology.</p><p>It might seem at first counterintuitive—wouldn’t the good times be when technologies are most widely deployed? But it turns out those are the times companies lose self-discipline, and spend on projects that might go nowhere, rather than putting their money and effort toward scaling up efforts that are both genuinely useful and actually profitable.</p><p>Now is a time when companies are shifting their attitudes and strategy from “what can we do?” to “what do we need to do?”</p><p>Waymo, born in 2009 in what was then Google’s moonshot lab, Google X, is a good example of this. At this past week’s conference, Journal reporter Tim Higgins pressed Waymo Co-CEO Tekedra Mawakana on whether future rollouts of the company’s self-driving taxis in new cities would take as long as the rollout of its first commercial service did in Phoenix—which has been going on for the past two years. Ms. Mawakana responded that after that first effort in Arizona, the company’s more mature self-driving technology meant that it was able to deploy its vehicles much more quickly in San Francisco, and will soon launch in Los Angeles.</p><p>It only took 13 years and at least $5.7 billion in investment.</p><p>Behind the scenes, in September Waymo hired a new finance chief to help the company expand to new regions and types of vehicles, a company spokeswoman told the Journal. Given the enormity of the transportation industry, if Waymo really has hit on a way to make robotaxis work in many more cities, even just some of the time, Waymo’s growth in the coming years could turn it into a business of significant scale for Alphabet.</p><p>As for the rest of the tech industry, what does focusing on what actually works look like? Lessons from past downturns, combined with other trends unique to the present, suggest directions they might take.</p><h3>Cost cutting and hybrid work favor remote-collaboration tech</h3><p>Many of the collaboration tools that got the world’s knowledge workers through the pandemic were founded soon after either the 2000 or 2008 crashes—from Zoom Video Communications (founded in 2011) to Slack (evolved from a videogame company that started in 2009) and Atlassian (2002). Before the pandemic, their growth typified the trend of businesses turning to cloud-based software to cut costs—or enable new means of getting things done more cheaply—when revenue dries up.</p><p>All of those onetime startups are now either big companies in their own right, or are owned by big companies. And companies still need tools for remote collaboration, since hybrid work necessitates them as much as fully remote work did. So while these companies may suffer pain in the short term, in the long run they have a double tailwind that could mean steady growth.</p><p>As with past downturns, there will be new companies and industries that will either be born during this time or will see their growth accelerate.</p><p>Roelof Botha, a partner at venture-capital giant Sequoia, said on stage at Tech Live that investors have more opportunities to find and evaluate good startups in a down market. Many other investors have said similar things. Even as giant “crossover funds” that invest in both the stock market and startups have grown shy about dumping money into private companies, venture-capital firms that remain committed to investing in startups are hunting for deals.</p><h3>Practical automation will help keep the lights on</h3><p>Webvan was a rapid-delivery company that saw a huge run up in its valuation before it went bust in 2001. While it failed, one of its laid-off leaders, Mick Mountz, took from his time there the lesson that e-commerce warehouses needed a great deal more automation than was available at the time. That led him to found Kiva Robotics, the logistics-automation company. Kiva was eventually bought by Amazon, and has been the linchpin of the company’s e-commerce fulfillment infrastructure ever since.</p><p>Now, a new wave of more-capable and demonstrably useful robots is arriving, as technologies like machine learning and computer vision have matured.</p><p>Boston Dynamics, a company that was founded in 1992 but didn’t release its first product commercially—Spot, the robot dog—until 2020, exemplifies this trend. In a panel on stage at Tech Live, CEO Robert Playter said that Spot is now covering more than 23 kilometers a day in an inspection tour of an Anheuser-Busch brewery, using a heat-sensing camera and a special auditory sensor to find machines that might fail soon or are wasting energy.</p><p>But it’s a less-cute, more practical robot called Stretch, a large mobile arm with a suction-based gripper for unloading trucks and shipping containers, that could someday be the real growth story for the company. Boston Dynamics has tested the robot with customers like DHL, and has received preorders for it.</p><h3>Crypto grows up</h3><p>No corner of the tech bubble saw a more furious run-up in valuation or a more precipitous crash than the value of cryptocurrencies and blockchain-based virtual goods like the deeds of ownership for digital art known as NFTs. The collapse of this bubble has dealt a body blow to the value of crypto-focused funds such as those run by investment firm Andreessen Horowitz.</p><p>When pressed on what applications of cryptocurrencies and the blockchain will prove durable, Sam Bankman-Fried, CEO and founder of crypto exchange FTX, pointed to speeding up the process of transferring money between banks, and at the same time reducing the transaction fees paid by merchants. While an admirable goal, re-plumbing the connections among the world’s financial institutions is hardly the sort of thing that has gotten crypto fans most excited in the past few years.</p><p>“Right now, the big opportunity, it feels like, and where capital is flowing, and a lot of good ideas still seem to be, is building out the infrastructure of blockchains and crypto,” said Ravi Mhatre, a co-founder of Lightspeed Venture Partners who sat on the same panel as Mr. Bankman-Fried. That infrastructure will be necessary to get hundreds of millions of people onto these systems, and make them just as fast and accessible as the internet itself, he added.</p><p>It’s another example of hype-fueled tech seeing its more outlandish manifestations laid low, and companies turning toward the things that it might actually do well, no matter how boring they might seem.</p><h3>The metaverse becomes the most boring place of all</h3><p>Herman Narula, CEO of the metaverse company Improbable Worlds, pointed out in a panel that the world already has a number of popular metaverses, and all of them are games, including Fortnite and Roblox. If Facebook’s own ailing metaverse, Horizon Worlds, can also be thought of as a kind of game, then staking a giant company’s future on what is essentially a new, unfinished game “is a really difficult thing to see working out successfully,” he added.</p><p>Tellingly, Facebook unveiled a new “pro” virtual-reality headset along with a partnership with Microsoft, which will be making its workplace-software available in the headset.</p><p>If it works, this realignment of the metaverse from a place to have fun to a place to get things done may represent the point at which Meta figured out an actual use for the metaverse: Making us more productive when we have to stare at screens anyway.</p><p>Phil Libin, CEO of artificial-intelligence company All Turtles and a self-described “metaverse hater,” sat on the same panel as Mr. Narula. Mr. Libin summed up the state of investment in the metaverse in a way that could apply to all tech investment in the foreseeable future.</p><p>“Now more than at any other time in history,” he said, “it is time to invest in the real world.”</p></body></html>","source":"wsj_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>Tech Is Getting Boring. That’s a Good Thing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Is Getting Boring. That’s a Good Thing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-31 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/tech-is-getting-boring-thats-a-good-thing-11667016004?mod=business_major_pos8><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LAGUNA BEACH, Calif.—With their valuations and earnings down, and their guidance gloomy, America’s tech companies have entered a phase when they have to be brutally honest with themselves about what ...</p>\n\n<a href=\"https://www.wsj.com/articles/tech-is-getting-boring-thats-a-good-thing-11667016004?mod=business_major_pos8\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","MSFT":"微软","TSLA":"特斯拉","GOOGL":"谷歌A","NVDA":"英伟达","AAPL":"苹果"},"source_url":"https://www.wsj.com/articles/tech-is-getting-boring-thats-a-good-thing-11667016004?mod=business_major_pos8","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126872333","content_text":"LAGUNA BEACH, Calif.—With their valuations and earnings down, and their guidance gloomy, America’s tech companies have entered a phase when they have to be brutally honest with themselves about what really works. This means executives are trimming staff, moonshots and unprofitable distractions. They’re also deciding what to focus on.It’s a transition away from more than a decade of “gee-whiz” projects—think self-driving cars, flying cars, metaverses and crypto—all fueled by seemingly limitless cash and venture-backed meal-replacement slurries. The task at hand now: the sometimes-boring but always-important work of building and expanding businesses that actually make money, by delivering things people and companies want and need.This past week of earnings reports and public comments from the leaders of America’s biggest tech companies hammered home this theme. Google parent Alphabet, Microsoft, Facebook increase; green up pointing triangle parent Meta Platforms and Amazon all reported quarterly results that caused their already-battered stocks to fall further.For me and others who attended The Wall Street Journal Tech Live conference this past week, it was impossible to miss a recurring theme: the gravity of this moment, and the ways leaders are being forced to quickly adapt. This reality came up again and again, in both panels and frank between-session chatter.Asked about the sudden, industrywide decline in sales of semiconductors, a stark turn in fortunes even for an industry as cyclical as chips, Intel Chief Executive Pat Gelsinger said: “Misery loves company—and that’s the nature of the semiconductor industry.”Evan Spiegel, CEO of Snap—whose market value has tumbled more than 80% over the past year—spoke candidly about having had to discontinue innovative hardware products like its Pixy drone because they were low-margin businesses. He said his company had to focus on what could directly affect its bottom line, from making more revenue per user on advertising to continuing to expand the audience for its core social-media product.Amid all this gloom, though, the inherent optimism of the tech industry also shined through. And that belief that better times are just one more breakthrough away isn’t entirely irrational, given what has happened to America’s tech industry in downturns past.Historically, when venture capitalists tighten the purse strings and shareholders in public companies start demanding answers, the tech industry is forced to cut back in areas that aren’t viable businesses and focus on what can actually generate value for their customers—and revenue for themselves.During financial crises, belt-tightening leads to the rollout and broad adoption of existing but not yet widely used technologies, according to lecturer and consultant Carlota Perez, who is a favorite of some venture capitalists for her studies of what drives revolutions in technology.It might seem at first counterintuitive—wouldn’t the good times be when technologies are most widely deployed? But it turns out those are the times companies lose self-discipline, and spend on projects that might go nowhere, rather than putting their money and effort toward scaling up efforts that are both genuinely useful and actually profitable.Now is a time when companies are shifting their attitudes and strategy from “what can we do?” to “what do we need to do?”Waymo, born in 2009 in what was then Google’s moonshot lab, Google X, is a good example of this. At this past week’s conference, Journal reporter Tim Higgins pressed Waymo Co-CEO Tekedra Mawakana on whether future rollouts of the company’s self-driving taxis in new cities would take as long as the rollout of its first commercial service did in Phoenix—which has been going on for the past two years. Ms. Mawakana responded that after that first effort in Arizona, the company’s more mature self-driving technology meant that it was able to deploy its vehicles much more quickly in San Francisco, and will soon launch in Los Angeles.It only took 13 years and at least $5.7 billion in investment.Behind the scenes, in September Waymo hired a new finance chief to help the company expand to new regions and types of vehicles, a company spokeswoman told the Journal. Given the enormity of the transportation industry, if Waymo really has hit on a way to make robotaxis work in many more cities, even just some of the time, Waymo’s growth in the coming years could turn it into a business of significant scale for Alphabet.As for the rest of the tech industry, what does focusing on what actually works look like? Lessons from past downturns, combined with other trends unique to the present, suggest directions they might take.Cost cutting and hybrid work favor remote-collaboration techMany of the collaboration tools that got the world’s knowledge workers through the pandemic were founded soon after either the 2000 or 2008 crashes—from Zoom Video Communications (founded in 2011) to Slack (evolved from a videogame company that started in 2009) and Atlassian (2002). Before the pandemic, their growth typified the trend of businesses turning to cloud-based software to cut costs—or enable new means of getting things done more cheaply—when revenue dries up.All of those onetime startups are now either big companies in their own right, or are owned by big companies. And companies still need tools for remote collaboration, since hybrid work necessitates them as much as fully remote work did. So while these companies may suffer pain in the short term, in the long run they have a double tailwind that could mean steady growth.As with past downturns, there will be new companies and industries that will either be born during this time or will see their growth accelerate.Roelof Botha, a partner at venture-capital giant Sequoia, said on stage at Tech Live that investors have more opportunities to find and evaluate good startups in a down market. Many other investors have said similar things. Even as giant “crossover funds” that invest in both the stock market and startups have grown shy about dumping money into private companies, venture-capital firms that remain committed to investing in startups are hunting for deals.Practical automation will help keep the lights onWebvan was a rapid-delivery company that saw a huge run up in its valuation before it went bust in 2001. While it failed, one of its laid-off leaders, Mick Mountz, took from his time there the lesson that e-commerce warehouses needed a great deal more automation than was available at the time. That led him to found Kiva Robotics, the logistics-automation company. Kiva was eventually bought by Amazon, and has been the linchpin of the company’s e-commerce fulfillment infrastructure ever since.Now, a new wave of more-capable and demonstrably useful robots is arriving, as technologies like machine learning and computer vision have matured.Boston Dynamics, a company that was founded in 1992 but didn’t release its first product commercially—Spot, the robot dog—until 2020, exemplifies this trend. In a panel on stage at Tech Live, CEO Robert Playter said that Spot is now covering more than 23 kilometers a day in an inspection tour of an Anheuser-Busch brewery, using a heat-sensing camera and a special auditory sensor to find machines that might fail soon or are wasting energy.But it’s a less-cute, more practical robot called Stretch, a large mobile arm with a suction-based gripper for unloading trucks and shipping containers, that could someday be the real growth story for the company. Boston Dynamics has tested the robot with customers like DHL, and has received preorders for it.Crypto grows upNo corner of the tech bubble saw a more furious run-up in valuation or a more precipitous crash than the value of cryptocurrencies and blockchain-based virtual goods like the deeds of ownership for digital art known as NFTs. The collapse of this bubble has dealt a body blow to the value of crypto-focused funds such as those run by investment firm Andreessen Horowitz.When pressed on what applications of cryptocurrencies and the blockchain will prove durable, Sam Bankman-Fried, CEO and founder of crypto exchange FTX, pointed to speeding up the process of transferring money between banks, and at the same time reducing the transaction fees paid by merchants. While an admirable goal, re-plumbing the connections among the world’s financial institutions is hardly the sort of thing that has gotten crypto fans most excited in the past few years.“Right now, the big opportunity, it feels like, and where capital is flowing, and a lot of good ideas still seem to be, is building out the infrastructure of blockchains and crypto,” said Ravi Mhatre, a co-founder of Lightspeed Venture Partners who sat on the same panel as Mr. Bankman-Fried. That infrastructure will be necessary to get hundreds of millions of people onto these systems, and make them just as fast and accessible as the internet itself, he added.It’s another example of hype-fueled tech seeing its more outlandish manifestations laid low, and companies turning toward the things that it might actually do well, no matter how boring they might seem.The metaverse becomes the most boring place of allHerman Narula, CEO of the metaverse company Improbable Worlds, pointed out in a panel that the world already has a number of popular metaverses, and all of them are games, including Fortnite and Roblox. If Facebook’s own ailing metaverse, Horizon Worlds, can also be thought of as a kind of game, then staking a giant company’s future on what is essentially a new, unfinished game “is a really difficult thing to see working out successfully,” he added.Tellingly, Facebook unveiled a new “pro” virtual-reality headset along with a partnership with Microsoft, which will be making its workplace-software available in the headset.If it works, this realignment of the metaverse from a place to have fun to a place to get things done may represent the point at which Meta figured out an actual use for the metaverse: Making us more productive when we have to stare at screens anyway.Phil Libin, CEO of artificial-intelligence company All Turtles and a self-described “metaverse hater,” sat on the same panel as Mr. Narula. Mr. Libin summed up the state of investment in the metaverse in a way that could apply to all tech investment in the foreseeable future.“Now more than at any other time in history,” he said, “it is time to invest in the real world.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980861991,"gmtCreate":1665705261213,"gmtModify":1676537651142,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9980861991","repostId":"2275728816","repostType":4,"repost":{"id":"2275728816","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":1665700683,"share":"https://www.laohu8.com/m/news/2275728816?lang=&edition=full","pubTime":"2022-10-14 06:38","market":"us","language":"en","title":"US STOCKS-Wall Street Ends up 2% After Sharp Reversal; Technicals Help","url":"https://stock-news.laohu8.com/highlight/detail?id=2275728816","media":"Reuters","summary":"* Stocks reverse course after morning drop* Headline CPI rise for September more than expected* Inde","content":"<html><head></head><body><p>* Stocks reverse course after morning drop</p><p>* Headline CPI rise for September more than expected</p><p>* Indexes: Dow up 2.8%, S&amp;P 500 up 2.6%, Nasdaq up 2.2%</p><p>NEW YORK, Oct 13 (Reuters) - U.S. stocks surged to close more than 2% higher on Thursday, as technical support and investors covering short bets drove a dramatic rebound from a selloff earlier in the day.</p><p>The reversal marked a jump of nearly 194 points in the S&amp;P 500 from its low of the session to its high, the biggest intraday jump for the index since Jan. 24.</p><p>Financials and energy led gains among S&amp;P 500 sectors.</p><p>The market initially dropped after data showed the headline consumer price index rose at an annual pace of 8.2% in September, compared with an estimated 8.1% rise.</p><p>&#34;People were perhaps net short going into the CPI report, and saw the report being negative and started covering their shorts,&#34; said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco.</p><p>Some strategists also pointed to some technical support levels around the 3,500 mark for the S&amp;P 500.</p><p>The Dow Jones Industrial Average rose 827.87 points, or 2.83%, to 30,038.72, the S&amp;P 500 gained 92.88 points, or 2.60%, to 3,669.91 and the Nasdaq Composite added 232.05 points, or 2.23%, to 10,649.15.</p><p>&#34;It&#39;s technical factors,&#34; Lip said, adding that the recent steep selloff in stocks may mean &#34;bad news may have already been discounted.</p><p>&#34;Going into earnings season, all we really need is things to be not as bad as suspected,&#34; he said.</p><p>Big Wall Street banks kick off third-quarter reporting season on Friday, with investors awaiting to see how a high interest-rate environment affects their profits.</p><p><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a> Inc rose following better-than-estimated fourth-quarter results.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.24-to-1 ratio; on Nasdaq, a 2.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted three new 52-week highs and 172 new lows; the Nasdaq Composite recorded 51 new highs and 600 new lows.</p><p>Volume on U.S. exchanges was 13.39 billion shares, compared with a roughly 11 billion average for the full session over the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/57e6e2f817e41145b8c6aff3ef3e656b\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends up 2% After Sharp Reversal; Technicals Help</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends up 2% After Sharp Reversal; Technicals Help\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-14 06:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Stocks reverse course after morning drop</p><p>* Headline CPI rise for September more than expected</p><p>* Indexes: Dow up 2.8%, S&amp;P 500 up 2.6%, Nasdaq up 2.2%</p><p>NEW YORK, Oct 13 (Reuters) - U.S. stocks surged to close more than 2% higher on Thursday, as technical support and investors covering short bets drove a dramatic rebound from a selloff earlier in the day.</p><p>The reversal marked a jump of nearly 194 points in the S&amp;P 500 from its low of the session to its high, the biggest intraday jump for the index since Jan. 24.</p><p>Financials and energy led gains among S&amp;P 500 sectors.</p><p>The market initially dropped after data showed the headline consumer price index rose at an annual pace of 8.2% in September, compared with an estimated 8.1% rise.</p><p>&#34;People were perhaps net short going into the CPI report, and saw the report being negative and started covering their shorts,&#34; said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco.</p><p>Some strategists also pointed to some technical support levels around the 3,500 mark for the S&amp;P 500.</p><p>The Dow Jones Industrial Average rose 827.87 points, or 2.83%, to 30,038.72, the S&amp;P 500 gained 92.88 points, or 2.60%, to 3,669.91 and the Nasdaq Composite added 232.05 points, or 2.23%, to 10,649.15.</p><p>&#34;It&#39;s technical factors,&#34; Lip said, adding that the recent steep selloff in stocks may mean &#34;bad news may have already been discounted.</p><p>&#34;Going into earnings season, all we really need is things to be not as bad as suspected,&#34; he said.</p><p>Big Wall Street banks kick off third-quarter reporting season on Friday, with investors awaiting to see how a high interest-rate environment affects their profits.</p><p><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a> Inc rose following better-than-estimated fourth-quarter results.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.24-to-1 ratio; on Nasdaq, a 2.10-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted three new 52-week highs and 172 new lows; the Nasdaq Composite recorded 51 new highs and 600 new lows.</p><p>Volume on U.S. exchanges was 13.39 billion shares, compared with a roughly 11 billion average for the full session over the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/57e6e2f817e41145b8c6aff3ef3e656b\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275728816","content_text":"* Stocks reverse course after morning drop* Headline CPI rise for September more than expected* Indexes: Dow up 2.8%, S&P 500 up 2.6%, Nasdaq up 2.2%NEW YORK, Oct 13 (Reuters) - U.S. stocks surged to close more than 2% higher on Thursday, as technical support and investors covering short bets drove a dramatic rebound from a selloff earlier in the day.The reversal marked a jump of nearly 194 points in the S&P 500 from its low of the session to its high, the biggest intraday jump for the index since Jan. 24.Financials and energy led gains among S&P 500 sectors.The market initially dropped after data showed the headline consumer price index rose at an annual pace of 8.2% in September, compared with an estimated 8.1% rise.\"People were perhaps net short going into the CPI report, and saw the report being negative and started covering their shorts,\" said King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco.Some strategists also pointed to some technical support levels around the 3,500 mark for the S&P 500.The Dow Jones Industrial Average rose 827.87 points, or 2.83%, to 30,038.72, the S&P 500 gained 92.88 points, or 2.60%, to 3,669.91 and the Nasdaq Composite added 232.05 points, or 2.23%, to 10,649.15.\"It's technical factors,\" Lip said, adding that the recent steep selloff in stocks may mean \"bad news may have already been discounted.\"Going into earnings season, all we really need is things to be not as bad as suspected,\" he said.Big Wall Street banks kick off third-quarter reporting season on Friday, with investors awaiting to see how a high interest-rate environment affects their profits.Walgreens Boots Alliance Inc rose following better-than-estimated fourth-quarter results.Advancing issues outnumbered declining ones on the NYSE by a 2.24-to-1 ratio; on Nasdaq, a 2.10-to-1 ratio favored advancers.The S&P 500 posted three new 52-week highs and 172 new lows; the Nasdaq Composite recorded 51 new highs and 600 new lows.Volume on U.S. exchanges was 13.39 billion shares, compared with a roughly 11 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9066530802,"gmtCreate":1651918218106,"gmtModify":1676534997935,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9066530802","repostId":"2233352789","repostType":4,"repost":{"id":"2233352789","pubTimestamp":1651894148,"share":"https://www.laohu8.com/m/news/2233352789?lang=&edition=full","pubTime":"2022-05-07 11:29","market":"us","language":"en","title":"Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought","url":"https://stock-news.laohu8.com/highlight/detail?id=2233352789","media":"Motley Fool","summary":"There are always stocks to buy when you're ARK Invest's ace stock picker.","content":"<html><head></head><body><p>Cathie Wood isn&#39;t afraid to go fishing in the rain. The CEO and co-founder of ARK Invest was buying stocks on Thursday during the market deluge. She&#39;s had a rough run since a highly rewarding 2020 for her family of exchange-traded funds (<a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a>s). You have to respect someone that&#39;s still looking to buy falling growth stocks when the market is at its worst.</p><p>What was she buying this time? Wood added to her existing stakes in <b>Shopify</b>, <b>Roku</b>, and <b>Sea Limited</b> on Thursday. Let&#39;s see what she may be seeing in these former market darlings that have fallen on hard times.</p><h2>Shopify</h2><p>Announcing a stock split doesn&#39;t guarantee that a stock will pop. Shares of Shopify plummeted 37% last month, despite announcing plans for a 10-for-1 split. Like many high-profile growth stocks, shares of the popular e-commerce platform provider have had a rough run in the market.</p><p>April was bad, and May isn&#39;t shaping up to be any better. The stock plummeted 15% on Thursday after a disappointing financial report. Revenue decelerated through the first three months of this year, clocking in with a mere 22% year-over-year advance. Rising costs obliterated the bottom line; earnings came in 71% below what analysts were targeting.</p><p>The tailwinds that helped Shopify deliver jaw-dropping growth until recently weren&#39;t going to last forever. However, this week&#39;s surprising shortfall on both ends of the income statement is both problematic and opportunistic. The financial update wasn&#39;t encouraging, but the stock now finds itself 77% below where it was at its November peak. The forward-thinking e-commerce solution that lets merchants of all sizes easily sell their wares across emerging social media platforms and their own digital storefront hasn&#39;t lost its relevancy. Shopify should recover from this setback.</p><h2>Roku</h2><p>Another company that has shed nearly 80% of its peak value but is still growing is Roku. The pioneer of video streaming on TV is a leading in an expanding niche. There were 61.3 million homes leaning on Roku by the end of March, and these are <i>active</i> accounts in every sense of the term. The average account is streaming nearly 3.8 hours a day on the platform.</p><p>We&#39;ve seen Roku&#39;s audience and total hours streamed grow 14% over the past year, silencing bearish arguments that folks will turn off their TVs and enjoy the great outdoors as the COVID-19 landscape improves following the vaccinations introduced last year. Advertisers also know that Roku consumers are worth reaching. Average revenue per user is up 34% over the past year.</p><p>Supply chain issues have slowed the production of its dongles, but Roku has enough deals in place with smart TV manufacturers to be the factory installed operating system of choice for many leading brands. After breaking through with a profit last year, analysts don&#39;t see a return to positive net income until 2024. It&#39;s not an ideal situation, but as long as Roku&#39;s audience keeps growing -- and those cradling the Roku remote controls keep watching -- the stock should eventually get back on track.</p><h2>Sea Limited</h2><p>Some companies are lucky to dominate <a href=\"https://laohu8.com/S/AONE.U\">one</a> niche, but Sea Limited is a giant in three important industries. The Singapore-based speedster is a major player in e-commerce, online gaming, and fintech.</p><p>It&#39;s not firing on all cylinders right now. It sees direct entertainment bookings -- basically its gaming arm -- declining sharply this year. It&#39;s been a challenging year for the online gaming market, particularly in Asia. However, its now larger e-commerce segment is expected to see its revenue soar 76%. Its smaller fintech division is expected to see its top line climb 155% this year.</p><p>Growth will slow at Sea Limited this year from the 106% year-over-year burst it posted the last time it reported quarterly results. Sea Limited will have a financial update in two weeks. Analysts see revenue growth slowing to a 37% clip this year and a 35% pace in 2023, but that&#39;s still respectable for a company of Sea Limited&#39;s size.</p><p>Shopify, Roku, and Sea Limited have all seen their shares fall by at least 77% since peaking last year. Yet they continue to be strong growth stocks, delivering healthy year-over-year growth right now. Cathie Wood may be on to something here.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-07 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/06/cathie-wood-goes-bargain-hunting-3-stocks-she-just/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood isn't afraid to go fishing in the rain. The CEO and co-founder of ARK Invest was buying stocks on Thursday during the market deluge. She's had a rough run since a highly rewarding 2020 for...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/06/cathie-wood-goes-bargain-hunting-3-stocks-she-just/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","ROKU":"Roku Inc","SHOP":"Shopify Inc"},"source_url":"https://www.fool.com/investing/2022/05/06/cathie-wood-goes-bargain-hunting-3-stocks-she-just/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233352789","content_text":"Cathie Wood isn't afraid to go fishing in the rain. The CEO and co-founder of ARK Invest was buying stocks on Thursday during the market deluge. She's had a rough run since a highly rewarding 2020 for her family of exchange-traded funds (Pacer Swan SOS Fund of Funds ETF|ETFs). You have to respect someone that's still looking to buy falling growth stocks when the market is at its worst.What was she buying this time? Wood added to her existing stakes in Shopify, Roku, and Sea Limited on Thursday. Let's see what she may be seeing in these former market darlings that have fallen on hard times.ShopifyAnnouncing a stock split doesn't guarantee that a stock will pop. Shares of Shopify plummeted 37% last month, despite announcing plans for a 10-for-1 split. Like many high-profile growth stocks, shares of the popular e-commerce platform provider have had a rough run in the market.April was bad, and May isn't shaping up to be any better. The stock plummeted 15% on Thursday after a disappointing financial report. Revenue decelerated through the first three months of this year, clocking in with a mere 22% year-over-year advance. Rising costs obliterated the bottom line; earnings came in 71% below what analysts were targeting.The tailwinds that helped Shopify deliver jaw-dropping growth until recently weren't going to last forever. However, this week's surprising shortfall on both ends of the income statement is both problematic and opportunistic. The financial update wasn't encouraging, but the stock now finds itself 77% below where it was at its November peak. The forward-thinking e-commerce solution that lets merchants of all sizes easily sell their wares across emerging social media platforms and their own digital storefront hasn't lost its relevancy. Shopify should recover from this setback.RokuAnother company that has shed nearly 80% of its peak value but is still growing is Roku. The pioneer of video streaming on TV is a leading in an expanding niche. There were 61.3 million homes leaning on Roku by the end of March, and these are active accounts in every sense of the term. The average account is streaming nearly 3.8 hours a day on the platform.We've seen Roku's audience and total hours streamed grow 14% over the past year, silencing bearish arguments that folks will turn off their TVs and enjoy the great outdoors as the COVID-19 landscape improves following the vaccinations introduced last year. Advertisers also know that Roku consumers are worth reaching. Average revenue per user is up 34% over the past year.Supply chain issues have slowed the production of its dongles, but Roku has enough deals in place with smart TV manufacturers to be the factory installed operating system of choice for many leading brands. After breaking through with a profit last year, analysts don't see a return to positive net income until 2024. It's not an ideal situation, but as long as Roku's audience keeps growing -- and those cradling the Roku remote controls keep watching -- the stock should eventually get back on track.Sea LimitedSome companies are lucky to dominate one niche, but Sea Limited is a giant in three important industries. The Singapore-based speedster is a major player in e-commerce, online gaming, and fintech.It's not firing on all cylinders right now. It sees direct entertainment bookings -- basically its gaming arm -- declining sharply this year. It's been a challenging year for the online gaming market, particularly in Asia. However, its now larger e-commerce segment is expected to see its revenue soar 76%. Its smaller fintech division is expected to see its top line climb 155% this year.Growth will slow at Sea Limited this year from the 106% year-over-year burst it posted the last time it reported quarterly results. Sea Limited will have a financial update in two weeks. Analysts see revenue growth slowing to a 37% clip this year and a 35% pace in 2023, but that's still respectable for a company of Sea Limited's size.Shopify, Roku, and Sea Limited have all seen their shares fall by at least 77% since peaking last year. Yet they continue to be strong growth stocks, delivering healthy year-over-year growth right now. Cathie Wood may be on to something here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912122932,"gmtCreate":1664775383027,"gmtModify":1676537506645,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9912122932","repostId":"2272691220","repostType":4,"repost":{"id":"2272691220","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1664755882,"share":"https://www.laohu8.com/m/news/2272691220?lang=&edition=full","pubTime":"2022-10-03 08:11","market":"us","language":"en","title":"What Investors Need to Know About October's Complicated Stock-Market History","url":"https://stock-news.laohu8.com/highlight/detail?id=2272691220","media":"Dow Jones","summary":"While September lived up to its reputation as a brutal month for stocks, October tends to be a \"bear-market killer,\" associated with historically strong returns, especially in midterm election years.O","content":"<html><head></head><body><p>While September lived up to its reputation as a brutal month for stocks, October tends to be a &#34;bear-market killer,&#34; associated with historically strong returns, especially in midterm election years.</p><p>October, however, is also associated with historic market plunges. And skeptics are warning investors that negative economic fundamentals could overwhelm seasonal trends as what&#39;s traditionally the roughest period for equities comes to an end.</p><h2>Rough stretch</h2><p>U.S. stocks ended sharply lower on Friday, posting their worst skid in the first nine months of any year in two decades. The S&amp;P 500  recorded a monthly loss of 9.3%, its worst September performance since 2002. The Dow Jones Industrial Average  fell 8.8%, while the Nasdaq Composite  on Friday pushed its total monthly loss to 10.5%, according to Dow Jones Market Data.</p><p>The indexes had booked modest gains in the first half of the month after investors fully priced in a large interest-rate hike at the FOMC meeting late September as August&#39;s inflation data showed little sign of easing price pressures. However, the central bank&#39;s more-hawkish-than-expected stance caused stocks to give up all those early September gains. The Dow entered its first bear market since March 2020 in the last week of the month, while the benchmark S&amp;P slid to another 2022 low.</p><h2>Bear markets and midterms</h2><p>October&#39;s track record may offer some comfort as it has been a turnaround month, or a &#34;bear killer,&#34; according to the data from Stock Trader&#39;s Almanac.</p><p>&#34;Twelve post-WWII bear markets have ended in October: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, 2002 and 2011 (S&amp;P 500 declined 19.4%),&#34; wrote Jeff Hirsch, editor of the Stock Trader&#39;s Almanac, in a note on Thursday. &#34;Seven of these years were midterm bottoms.&#34;</p><p>Of course 2022 is also a midterm election year, with congressional elections coming up on Nov. 8.</p><p>According to Hirsch, Octobers in the midterm election years are &#34;downright stellar&#34; and usually where the &#34;sweet spot&#34; of the four-year presidential election cycle begins (see chart below).</p><p>&#34;The fourth quarter of the midterm years combines with the first and second quarters of the pre-election years for the best three consecutive quarter span for the market, averaging 19.3% for the DJIA and 20.0% for the S&amp;P 500 (since 1949), and an amazing 29.3% for NASDAQ (since 1971),&#34; wrote Hirsch.</p><p><img src=\"https://static.tigerbbs.com/5e12b4543bc89bc89d7601f09694c8c4\" tg-width=\"700\" tg-height=\"336\" width=\"100%\" height=\"auto\"/></p><h2>&#39;Atypical period&#39;</h2><p>Skeptics aren&#39;t convinced the pattern will hold true this October. Ralph Bassett, head of investments at Abrdn, an asset-management firm based in Scotland, said these dynamics could only play out in &#34;more normalized years.&#34;</p><p>&#34;This is just such an atypical period for so many reasons,&#34; Bassett told MarketWatch in a phone interview on Thursday. &#34;A lot of mutual funds have their fiscal year-end in October, so there tends to be a lot of buying and selling to manage tax losses. That&#39;s kind of something that we&#39;re going through and you have to be very sensitive to how you manage all of that.&#34;</p><p>An old Wall Street adage, &#34;Sell in May and go away,&#34; refers to the market&#39;s historical underperformance during the six-month period from May to October. Stock Trader&#39;s Almanac, which is credited with coining the saying, found investing in stocks from November to April and switching into fixed income the other six months would have &#34;produced reliable returns with reduced risk since 1950.&#34;</p><p>Strategists at Stifel, a wealth-management firm, contend the S&amp;P 500, which has fallen more than 23% from its Jan. 3 record finish, is in a bottoming process. They see positive catalysts between the fourth quarter of 2022 and the start of 2023 as Fed policy plus S&amp;P 500 negative seasonality are headwinds that should subside by then.</p><p>&#34;Monetary policy works with a six-month lag, and between the [Nov. 2] and [Dec. 14] final two Fed meetings of 2022, we do see subtle movement toward a data-dependent Fed pause which would bullishly allow investors to focus on (improving) inflation data rather than policy,&#34; wrote strategists led by Barry Bannister, chief equity strategist, in a recent note. &#34;This could reinforce positive market seasonality, which is historically strong for the S&amp;P 500 from November to April.&#34;</p><h2>October crashes</h2><p>Seasonal trends, however, aren&#39;t written in stone. Dow Jones Market Data found the S&amp;P 500 recorded positive returns between May and October in the past six years (see chart below).</p><p><img src=\"https://static.tigerbbs.com/ec700aa8aea3c05bd353dadb6dc79d9f\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"/>Anthony Saglimbene, chief markets strategist at Ameriprise Financial, said there are periods in history where October could evoke fear on Wall Street as some large historical market crashes, including those in 1987 and 1929, occurred during the month. The S&amp;P 500 plunged nearly 17% in October 2008 after the implosion of Lehman Brothers, following a 9.1% fall in September.</p><p>&#34;I think that any years where you&#39;ve had a very difficult year for stocks, seasonality should discount it, because there are some other macro forces [that are] pushing on stocks, and you need to see more clarity on those macro forces that are pushing stocks down,&#34; Saglimbene told MarketWatch on Friday. &#34;Frankly, I don&#39;t think we&#39;re going to see a lot of visibility at least over the next few months.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Investors Need to Know About October's Complicated Stock-Market History</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Investors Need to Know About October's Complicated Stock-Market History\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-10-03 08:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>While September lived up to its reputation as a brutal month for stocks, October tends to be a &#34;bear-market killer,&#34; associated with historically strong returns, especially in midterm election years.</p><p>October, however, is also associated with historic market plunges. And skeptics are warning investors that negative economic fundamentals could overwhelm seasonal trends as what&#39;s traditionally the roughest period for equities comes to an end.</p><h2>Rough stretch</h2><p>U.S. stocks ended sharply lower on Friday, posting their worst skid in the first nine months of any year in two decades. The S&amp;P 500  recorded a monthly loss of 9.3%, its worst September performance since 2002. The Dow Jones Industrial Average  fell 8.8%, while the Nasdaq Composite  on Friday pushed its total monthly loss to 10.5%, according to Dow Jones Market Data.</p><p>The indexes had booked modest gains in the first half of the month after investors fully priced in a large interest-rate hike at the FOMC meeting late September as August&#39;s inflation data showed little sign of easing price pressures. However, the central bank&#39;s more-hawkish-than-expected stance caused stocks to give up all those early September gains. The Dow entered its first bear market since March 2020 in the last week of the month, while the benchmark S&amp;P slid to another 2022 low.</p><h2>Bear markets and midterms</h2><p>October&#39;s track record may offer some comfort as it has been a turnaround month, or a &#34;bear killer,&#34; according to the data from Stock Trader&#39;s Almanac.</p><p>&#34;Twelve post-WWII bear markets have ended in October: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, 2002 and 2011 (S&amp;P 500 declined 19.4%),&#34; wrote Jeff Hirsch, editor of the Stock Trader&#39;s Almanac, in a note on Thursday. &#34;Seven of these years were midterm bottoms.&#34;</p><p>Of course 2022 is also a midterm election year, with congressional elections coming up on Nov. 8.</p><p>According to Hirsch, Octobers in the midterm election years are &#34;downright stellar&#34; and usually where the &#34;sweet spot&#34; of the four-year presidential election cycle begins (see chart below).</p><p>&#34;The fourth quarter of the midterm years combines with the first and second quarters of the pre-election years for the best three consecutive quarter span for the market, averaging 19.3% for the DJIA and 20.0% for the S&amp;P 500 (since 1949), and an amazing 29.3% for NASDAQ (since 1971),&#34; wrote Hirsch.</p><p><img src=\"https://static.tigerbbs.com/5e12b4543bc89bc89d7601f09694c8c4\" tg-width=\"700\" tg-height=\"336\" width=\"100%\" height=\"auto\"/></p><h2>&#39;Atypical period&#39;</h2><p>Skeptics aren&#39;t convinced the pattern will hold true this October. Ralph Bassett, head of investments at Abrdn, an asset-management firm based in Scotland, said these dynamics could only play out in &#34;more normalized years.&#34;</p><p>&#34;This is just such an atypical period for so many reasons,&#34; Bassett told MarketWatch in a phone interview on Thursday. &#34;A lot of mutual funds have their fiscal year-end in October, so there tends to be a lot of buying and selling to manage tax losses. That&#39;s kind of something that we&#39;re going through and you have to be very sensitive to how you manage all of that.&#34;</p><p>An old Wall Street adage, &#34;Sell in May and go away,&#34; refers to the market&#39;s historical underperformance during the six-month period from May to October. Stock Trader&#39;s Almanac, which is credited with coining the saying, found investing in stocks from November to April and switching into fixed income the other six months would have &#34;produced reliable returns with reduced risk since 1950.&#34;</p><p>Strategists at Stifel, a wealth-management firm, contend the S&amp;P 500, which has fallen more than 23% from its Jan. 3 record finish, is in a bottoming process. They see positive catalysts between the fourth quarter of 2022 and the start of 2023 as Fed policy plus S&amp;P 500 negative seasonality are headwinds that should subside by then.</p><p>&#34;Monetary policy works with a six-month lag, and between the [Nov. 2] and [Dec. 14] final two Fed meetings of 2022, we do see subtle movement toward a data-dependent Fed pause which would bullishly allow investors to focus on (improving) inflation data rather than policy,&#34; wrote strategists led by Barry Bannister, chief equity strategist, in a recent note. &#34;This could reinforce positive market seasonality, which is historically strong for the S&amp;P 500 from November to April.&#34;</p><h2>October crashes</h2><p>Seasonal trends, however, aren&#39;t written in stone. Dow Jones Market Data found the S&amp;P 500 recorded positive returns between May and October in the past six years (see chart below).</p><p><img src=\"https://static.tigerbbs.com/ec700aa8aea3c05bd353dadb6dc79d9f\" tg-width=\"700\" tg-height=\"394\" width=\"100%\" height=\"auto\"/>Anthony Saglimbene, chief markets strategist at Ameriprise Financial, said there are periods in history where October could evoke fear on Wall Street as some large historical market crashes, including those in 1987 and 1929, occurred during the month. The S&amp;P 500 plunged nearly 17% in October 2008 after the implosion of Lehman Brothers, following a 9.1% fall in September.</p><p>&#34;I think that any years where you&#39;ve had a very difficult year for stocks, seasonality should discount it, because there are some other macro forces [that are] pushing on stocks, and you need to see more clarity on those macro forces that are pushing stocks down,&#34; Saglimbene told MarketWatch on Friday. &#34;Frankly, I don&#39;t think we&#39;re going to see a lot of visibility at least over the next few months.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","DDM":"道指两倍做多ETF","DOG":"道指反向ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","DXD":"道指两倍做空ETF",".DJI":"道琼斯","SSO":"两倍做多标普500ETF","SDOW":"道指三倍做空ETF-ProShares",".SPX":"S&P 500 Index","OEX":"标普100","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","BK4534":"瑞士信贷持仓","SPXU":"三倍做空标普500ETF","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","BK4559":"巴菲特持仓","UDOW":"道指三倍做多ETF-ProShares","BK4550":"红杉资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272691220","content_text":"While September lived up to its reputation as a brutal month for stocks, October tends to be a \"bear-market killer,\" associated with historically strong returns, especially in midterm election years.October, however, is also associated with historic market plunges. And skeptics are warning investors that negative economic fundamentals could overwhelm seasonal trends as what's traditionally the roughest period for equities comes to an end.Rough stretchU.S. stocks ended sharply lower on Friday, posting their worst skid in the first nine months of any year in two decades. The S&P 500  recorded a monthly loss of 9.3%, its worst September performance since 2002. The Dow Jones Industrial Average  fell 8.8%, while the Nasdaq Composite  on Friday pushed its total monthly loss to 10.5%, according to Dow Jones Market Data.The indexes had booked modest gains in the first half of the month after investors fully priced in a large interest-rate hike at the FOMC meeting late September as August's inflation data showed little sign of easing price pressures. However, the central bank's more-hawkish-than-expected stance caused stocks to give up all those early September gains. The Dow entered its first bear market since March 2020 in the last week of the month, while the benchmark S&P slid to another 2022 low.Bear markets and midtermsOctober's track record may offer some comfort as it has been a turnaround month, or a \"bear killer,\" according to the data from Stock Trader's Almanac.\"Twelve post-WWII bear markets have ended in October: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, 2002 and 2011 (S&P 500 declined 19.4%),\" wrote Jeff Hirsch, editor of the Stock Trader's Almanac, in a note on Thursday. \"Seven of these years were midterm bottoms.\"Of course 2022 is also a midterm election year, with congressional elections coming up on Nov. 8.According to Hirsch, Octobers in the midterm election years are \"downright stellar\" and usually where the \"sweet spot\" of the four-year presidential election cycle begins (see chart below).\"The fourth quarter of the midterm years combines with the first and second quarters of the pre-election years for the best three consecutive quarter span for the market, averaging 19.3% for the DJIA and 20.0% for the S&P 500 (since 1949), and an amazing 29.3% for NASDAQ (since 1971),\" wrote Hirsch.'Atypical period'Skeptics aren't convinced the pattern will hold true this October. Ralph Bassett, head of investments at Abrdn, an asset-management firm based in Scotland, said these dynamics could only play out in \"more normalized years.\"\"This is just such an atypical period for so many reasons,\" Bassett told MarketWatch in a phone interview on Thursday. \"A lot of mutual funds have their fiscal year-end in October, so there tends to be a lot of buying and selling to manage tax losses. That's kind of something that we're going through and you have to be very sensitive to how you manage all of that.\"An old Wall Street adage, \"Sell in May and go away,\" refers to the market's historical underperformance during the six-month period from May to October. Stock Trader's Almanac, which is credited with coining the saying, found investing in stocks from November to April and switching into fixed income the other six months would have \"produced reliable returns with reduced risk since 1950.\"Strategists at Stifel, a wealth-management firm, contend the S&P 500, which has fallen more than 23% from its Jan. 3 record finish, is in a bottoming process. They see positive catalysts between the fourth quarter of 2022 and the start of 2023 as Fed policy plus S&P 500 negative seasonality are headwinds that should subside by then.\"Monetary policy works with a six-month lag, and between the [Nov. 2] and [Dec. 14] final two Fed meetings of 2022, we do see subtle movement toward a data-dependent Fed pause which would bullishly allow investors to focus on (improving) inflation data rather than policy,\" wrote strategists led by Barry Bannister, chief equity strategist, in a recent note. \"This could reinforce positive market seasonality, which is historically strong for the S&P 500 from November to April.\"October crashesSeasonal trends, however, aren't written in stone. Dow Jones Market Data found the S&P 500 recorded positive returns between May and October in the past six years (see chart below).Anthony Saglimbene, chief markets strategist at Ameriprise Financial, said there are periods in history where October could evoke fear on Wall Street as some large historical market crashes, including those in 1987 and 1929, occurred during the month. The S&P 500 plunged nearly 17% in October 2008 after the implosion of Lehman Brothers, following a 9.1% fall in September.\"I think that any years where you've had a very difficult year for stocks, seasonality should discount it, because there are some other macro forces [that are] pushing on stocks, and you need to see more clarity on those macro forces that are pushing stocks down,\" Saglimbene told MarketWatch on Friday. \"Frankly, I don't think we're going to see a lot of visibility at least over the next few months.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063031221,"gmtCreate":1651370485587,"gmtModify":1676534896441,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063031221","repostId":"1119163908","repostType":4,"repost":{"id":"1119163908","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":1651330677,"share":"https://www.laohu8.com/m/news/1119163908?lang=&edition=full","pubTime":"2022-04-30 22:57","market":"us","language":"en","title":"Buffett Says Berkshire Is \"Better Than the Banks\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1119163908","media":"Tiger Newspress","summary":"Warren Buffett has a long history of teasing investment bankers and their institutions – saying that","content":"<html><head></head><body><p>Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need.</p><p>Warren Buffett’s career has been a testament to that the fact that, over the long-term, value investing can produce major gains.</p><p>From the start of 1965 through the end of 2021, the per-share market value of Berkshire Hathaway had an average compound annual gain of 20.1%, according to the firm’s annual letter. That is nearly double the S&amp;P 500′s 10.5%, including dividends.</p><p>While Buffett has built a big lead over many decades, he has had continued success in recent years. Since 2010, Berkshire has outpaced the S&amp;P 500 in eight calendar years. That is on track to happen again in 2022.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett Says Berkshire Is \"Better Than the Banks\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett Says Berkshire Is \"Better Than the Banks\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-30 22:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need.</p><p>Warren Buffett’s career has been a testament to that the fact that, over the long-term, value investing can produce major gains.</p><p>From the start of 1965 through the end of 2021, the per-share market value of Berkshire Hathaway had an average compound annual gain of 20.1%, according to the firm’s annual letter. That is nearly double the S&amp;P 500′s 10.5%, including dividends.</p><p>While Buffett has built a big lead over many decades, he has had continued success in recent years. Since 2010, Berkshire has outpaced the S&amp;P 500 in eight calendar years. That is on track to happen again in 2022.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119163908","content_text":"Warren Buffett has a long history of teasing investment bankers and their institutions – saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be “better than the banks” at extending credit lines to companies in need.Warren Buffett’s career has been a testament to that the fact that, over the long-term, value investing can produce major gains.From the start of 1965 through the end of 2021, the per-share market value of Berkshire Hathaway had an average compound annual gain of 20.1%, according to the firm’s annual letter. That is nearly double the S&P 500′s 10.5%, including dividends.While Buffett has built a big lead over many decades, he has had continued success in recent years. Since 2010, Berkshire has outpaced the S&P 500 in eight calendar years. That is on track to happen again in 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031201682,"gmtCreate":1646567517150,"gmtModify":1676534140058,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031201682","repostId":"1178979994","repostType":4,"repost":{"id":"1178979994","pubTimestamp":1646440407,"share":"https://www.laohu8.com/m/news/1178979994?lang=&edition=full","pubTime":"2022-03-05 08:33","market":"us","language":"en","title":"3 Top MLPs to Buy For High Yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1178979994","media":"InvestorPlace","summary":"We believe that investors searching for income consider owning master limited partnerships, or MLPs.","content":"<html><head></head><body><p>We believe that investors searching for income consider owning master limited partnerships, or MLPs. These stocks typically provide very high yields, often in the high single- to low double-digit range.</p><p>Of course, high yields often come with high risk, so investors need to identify high-quality MLPs that are likely to continue to at least maintain, if not raise, their distribution.</p><p>Three of our top high-yield MLPs that we believe will continue to pay high yields to shareholders include:</p><ul><li><b>Enterprise Products Partners</b>(NYSE:<b><u>EPD</u></b>)</li><li><b>KNOT Offshore Partners</b>(NYSE:<b><u>KNOP</u></b>)</li><li><b>Magellan Midstream Partners</b>(NYSE:<b><u>MMP</u></b>)</li></ul><p>Enterprise Products Partners (EPD)</p><p>Our first name for consideration is Enterprise Products Partners, one of the largest MLPs in the industry. The $54.5 billion partnership generates annual revenue of close to $41 billion.</p><p>Enterprise Products Partners stores and transports oil and gas through its massive pipeline system. In total, the partnership has nearly 50,000 miles of pipeline that transport natural gas, natural gas liquids, crude oil, and refined products. Enterprise Products Partners has storage facilities that can hold more than 250 million barrels.</p><p>The partnership’s extensive network of pipeline grants it a diversity of asset and geographic reach. Enterprise Products Partners is also able to pivot its pipeline system to move whatever energy product it wishes. This gives Enterprise Products Partners an asset base that few other in the industry can match. It would be cost prohibitive and maybe even politically impossible for another partnership to try to replicate what the partnership has created.</p><p>Enterprise Products Partners’ collects fees on the materials that it transports and stores, making the partnership a toll road for those wishing to move energy products. This helps to insulate the business from the ups and downs of the energy price cycle.</p><p>Enterprise Products Partners is also well positioned to take advantage of the growing demand for liquefied natural gas and liquefied petroleum gas. The partnership has a number of terminals that will aid the business as the U.S. exports grow in size over the next few years.</p><p>A credit rating of BBB+ and Baa1 from Standard &amp; Poor’s and Moody’s, respectively, means that the partnership has a better balance sheet than the vast majority of MLPs.</p><p>The business is been very successful over the years, which has allowed Enterprise Products Partners to raise its dividend for 23 consecutive years. This includes a 3.3% increase for the February 11th, 2022 payment. Enterprise Products Partners differs from most other companies in that it often raises its dividend every quarter, except for 2021, where the dividend was held constant all four payments. Using the new annualized dividend, distributions have a CAGR of more than 4% over the last decade.</p><p>Shares yield 7.4%, more than five times the average yield of the S&amp;P 500 Index. The dividend also looks to be in very sound ground, as Enterprise Products Partners has an average distributable cash flow per unit payout ratio of 57% over the last decade. Combining this reasonable payout ratio with a distribution coverage ratio of more than 1.6x, Enterprise Products Partners is poised to continue to raise its already generous dividend.</p><p>KNOT Offshore Partners (KNOP)</p><p>Our next pick of MLPs is KNOT Offshore Partners, which owns and operates shuttle tankers in the North Sea and Brazil. The partnership has a market capitalization of $525 million and revenue of $279 million last year.</p><p>Knutsen NYK Offshore tankers AS, which is the sponsor for the partnership, has the responsibility of finding, purchasing, and dropping down of ships to KNOT Offshore Partners. As a result, the business is extremely efficient and has just one employee, its CEO.</p><p>The partnership provides loading, transportation, and storage of crude oil under time charters and bareboat charters. Currently, there are seventeen shuttle tankers in service, most of which has long-term and fixed contracts that must be paid regardless of the price of energy. KNOT Offshore Partners’ shuttle tankers have an average age of just under 8 years, which means that the partnership could see several decades of use from its present fleet.</p><p>Due to its business model, KNOT Offshore Partners hasn’t seen the fluctuations in distributable cash flow per unit that many of its peers have experienced. This is due to its contractual agreements and its ability to see higher rental rates when the price of energy is higher. This pattern is likely to continue as the sponsor could drop down as many as three new shuttle tankers through the end of the year.</p><p>At the time of its most recent quarterly report, KNOT Offshore Partners had a utilization rate of 91.9%. This was below the prior year’s result, but this was due mostly to the timing of a charter contract and mechanical issues with another shuttle.</p><p>KNOT Offshore Partners has maintained the same quarterly distribution of $0.52 per share since the November 13th, 2015 payment. The expected coverage ratio for last year is just 1.2, lower than it has been in recent years. The expected distributable cash flow payout ratio is also higher than normal at 84% for 2021. Historically, the payout ratio has been near 70%. Therefore, we do not anticipate that the partnership will raise its dividend in the near future. The tradeoff to this lack of growth is that shareholders are receiving a 13.4% yield today.</p><p>Even with a high payout ratio and lack of dividend growth, we remain confident that KNOT Offshore Partners will be able to continue making its payments to shareholders. The business model has proven successful at navigating other difficult operating environments and will energy prices surging, KNOT Offshore Partners is expected continuing to see high demand for shuttle tankers.</p><p>Magellan Midstream Partners (MMP)</p><p>Our final pick among MLPs is Magellan Midstream Partners, which operates a vast pipeline network. The partnership is valued at $10.4 billion and has annual revenue of $2.8 billion.</p><p>Like Enterprise Products Partners, Magellan Midstream Partners operates one of the longest pipeline systems of refined products in the country. The partnership operates 9,800 miles of pipeline and 54 terminals used in the transportation of refined products. Two storage facilities can hold 18 million barrels of product as well. The partnership also has 2,200 miles of crude oil pipeline and can store 37 million barrels. Magellan Midstream Partners connects to nearly half of the refining capacity in the U.S., giving it a size and scale that few, if any, are able to compete with.</p><p>Given the breadth of Magellan Midstream Partners’ pipeline and storage network, the partnership is able to offer customers connection between refineries and gas stations and railroads throughout much of the country. As a result, Magellan Midstream Partners’ contracts often include inflation adjusted increases in fees, which is almost certainly benefiting the partnership given the rise in inflation.</p><p>Magellan Midstream Partners has a fee-based model. Less than 10% of operating income is sensitive to energy prices, helping to insulate the partnership against downturns in the market. This could limit some upside potential, but this business model offers some stability in an industry where stability is rare.</p><p>Magellan Midstream Partners had raised its dividend 70 consecutive quarters prior to freezing it due to the Covid-19 pandemic. The partnership last raised its dividend 1% for the November 12th, 2021 payment date. The payout ratio is expected to be 80% for 2021, in-line with the average of the last five years. Leadership also has a coverage ratio target of at least 1.2. Our expected coverage ratio for 2022 of 1.25 is ahead of this target.  Shares of the partnership yield 8.5%.</p><p>Final Thoughts</p><p>Investors searching for sources of high yields that are secure don’t often have too many options to choose from. Enterprise Products Partners, KNOT Offshore Partners, and Magellan Midstream Partners are three names we believe can continue to offer investors generous yields that appear safe from a dividend cut.</p><p>Each of these MLPs has competitive advantages that help separate it from the rest of the industry, leading to the generous yields that each offers. Each partnership also has sufficient coverage that a dividend cut does not appear to be imminent.</p><p>This suggests that investors looking for safe and high yields consider adding Enterprise Products Partners, KNOT Offshore Partners, or Magellan Midstream Partners to their portfolio.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top MLPs to Buy For High Yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top MLPs to Buy For High Yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-05 08:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/3-top-mlps-to-buy-for-high-yields/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We believe that investors searching for income consider owning master limited partnerships, or MLPs. These stocks typically provide very high yields, often in the high single- to low double-digit ...</p>\n\n<a href=\"https://investorplace.com/2022/03/3-top-mlps-to-buy-for-high-yields/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EPD":"Enterprise Products Partners L.P","KNOP":"KNOT Offshore Partners LP Common"},"source_url":"https://investorplace.com/2022/03/3-top-mlps-to-buy-for-high-yields/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178979994","content_text":"We believe that investors searching for income consider owning master limited partnerships, or MLPs. These stocks typically provide very high yields, often in the high single- to low double-digit range.Of course, high yields often come with high risk, so investors need to identify high-quality MLPs that are likely to continue to at least maintain, if not raise, their distribution.Three of our top high-yield MLPs that we believe will continue to pay high yields to shareholders include:Enterprise Products Partners(NYSE:EPD)KNOT Offshore Partners(NYSE:KNOP)Magellan Midstream Partners(NYSE:MMP)Enterprise Products Partners (EPD)Our first name for consideration is Enterprise Products Partners, one of the largest MLPs in the industry. The $54.5 billion partnership generates annual revenue of close to $41 billion.Enterprise Products Partners stores and transports oil and gas through its massive pipeline system. In total, the partnership has nearly 50,000 miles of pipeline that transport natural gas, natural gas liquids, crude oil, and refined products. Enterprise Products Partners has storage facilities that can hold more than 250 million barrels.The partnership’s extensive network of pipeline grants it a diversity of asset and geographic reach. Enterprise Products Partners is also able to pivot its pipeline system to move whatever energy product it wishes. This gives Enterprise Products Partners an asset base that few other in the industry can match. It would be cost prohibitive and maybe even politically impossible for another partnership to try to replicate what the partnership has created.Enterprise Products Partners’ collects fees on the materials that it transports and stores, making the partnership a toll road for those wishing to move energy products. This helps to insulate the business from the ups and downs of the energy price cycle.Enterprise Products Partners is also well positioned to take advantage of the growing demand for liquefied natural gas and liquefied petroleum gas. The partnership has a number of terminals that will aid the business as the U.S. exports grow in size over the next few years.A credit rating of BBB+ and Baa1 from Standard & Poor’s and Moody’s, respectively, means that the partnership has a better balance sheet than the vast majority of MLPs.The business is been very successful over the years, which has allowed Enterprise Products Partners to raise its dividend for 23 consecutive years. This includes a 3.3% increase for the February 11th, 2022 payment. Enterprise Products Partners differs from most other companies in that it often raises its dividend every quarter, except for 2021, where the dividend was held constant all four payments. Using the new annualized dividend, distributions have a CAGR of more than 4% over the last decade.Shares yield 7.4%, more than five times the average yield of the S&P 500 Index. The dividend also looks to be in very sound ground, as Enterprise Products Partners has an average distributable cash flow per unit payout ratio of 57% over the last decade. Combining this reasonable payout ratio with a distribution coverage ratio of more than 1.6x, Enterprise Products Partners is poised to continue to raise its already generous dividend.KNOT Offshore Partners (KNOP)Our next pick of MLPs is KNOT Offshore Partners, which owns and operates shuttle tankers in the North Sea and Brazil. The partnership has a market capitalization of $525 million and revenue of $279 million last year.Knutsen NYK Offshore tankers AS, which is the sponsor for the partnership, has the responsibility of finding, purchasing, and dropping down of ships to KNOT Offshore Partners. As a result, the business is extremely efficient and has just one employee, its CEO.The partnership provides loading, transportation, and storage of crude oil under time charters and bareboat charters. Currently, there are seventeen shuttle tankers in service, most of which has long-term and fixed contracts that must be paid regardless of the price of energy. KNOT Offshore Partners’ shuttle tankers have an average age of just under 8 years, which means that the partnership could see several decades of use from its present fleet.Due to its business model, KNOT Offshore Partners hasn’t seen the fluctuations in distributable cash flow per unit that many of its peers have experienced. This is due to its contractual agreements and its ability to see higher rental rates when the price of energy is higher. This pattern is likely to continue as the sponsor could drop down as many as three new shuttle tankers through the end of the year.At the time of its most recent quarterly report, KNOT Offshore Partners had a utilization rate of 91.9%. This was below the prior year’s result, but this was due mostly to the timing of a charter contract and mechanical issues with another shuttle.KNOT Offshore Partners has maintained the same quarterly distribution of $0.52 per share since the November 13th, 2015 payment. The expected coverage ratio for last year is just 1.2, lower than it has been in recent years. The expected distributable cash flow payout ratio is also higher than normal at 84% for 2021. Historically, the payout ratio has been near 70%. Therefore, we do not anticipate that the partnership will raise its dividend in the near future. The tradeoff to this lack of growth is that shareholders are receiving a 13.4% yield today.Even with a high payout ratio and lack of dividend growth, we remain confident that KNOT Offshore Partners will be able to continue making its payments to shareholders. The business model has proven successful at navigating other difficult operating environments and will energy prices surging, KNOT Offshore Partners is expected continuing to see high demand for shuttle tankers.Magellan Midstream Partners (MMP)Our final pick among MLPs is Magellan Midstream Partners, which operates a vast pipeline network. The partnership is valued at $10.4 billion and has annual revenue of $2.8 billion.Like Enterprise Products Partners, Magellan Midstream Partners operates one of the longest pipeline systems of refined products in the country. The partnership operates 9,800 miles of pipeline and 54 terminals used in the transportation of refined products. Two storage facilities can hold 18 million barrels of product as well. The partnership also has 2,200 miles of crude oil pipeline and can store 37 million barrels. Magellan Midstream Partners connects to nearly half of the refining capacity in the U.S., giving it a size and scale that few, if any, are able to compete with.Given the breadth of Magellan Midstream Partners’ pipeline and storage network, the partnership is able to offer customers connection between refineries and gas stations and railroads throughout much of the country. As a result, Magellan Midstream Partners’ contracts often include inflation adjusted increases in fees, which is almost certainly benefiting the partnership given the rise in inflation.Magellan Midstream Partners has a fee-based model. Less than 10% of operating income is sensitive to energy prices, helping to insulate the partnership against downturns in the market. This could limit some upside potential, but this business model offers some stability in an industry where stability is rare.Magellan Midstream Partners had raised its dividend 70 consecutive quarters prior to freezing it due to the Covid-19 pandemic. The partnership last raised its dividend 1% for the November 12th, 2021 payment date. The payout ratio is expected to be 80% for 2021, in-line with the average of the last five years. Leadership also has a coverage ratio target of at least 1.2. Our expected coverage ratio for 2022 of 1.25 is ahead of this target.  Shares of the partnership yield 8.5%.Final ThoughtsInvestors searching for sources of high yields that are secure don’t often have too many options to choose from. Enterprise Products Partners, KNOT Offshore Partners, and Magellan Midstream Partners are three names we believe can continue to offer investors generous yields that appear safe from a dividend cut.Each of these MLPs has competitive advantages that help separate it from the rest of the industry, leading to the generous yields that each offers. Each partnership also has sufficient coverage that a dividend cut does not appear to be imminent.This suggests that investors looking for safe and high yields consider adding Enterprise Products Partners, KNOT Offshore Partners, or Magellan Midstream Partners to their portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007881490,"gmtCreate":1642824338917,"gmtModify":1676533750796,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007881490","repostId":"2205302378","repostType":4,"repost":{"id":"2205302378","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":1642800688,"share":"https://www.laohu8.com/m/news/2205302378?lang=&edition=full","pubTime":"2022-01-22 05:31","market":"us","language":"en","title":"US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide","url":"https://stock-news.laohu8.com/highlight/detail?id=2205302378","media":"Reuters","summary":"* Netflix plunges, weighs on Disney, media stocks* S&P 500, Nasdaq have biggest weekly drops since March 2020* Focus turning to Fed meeting for clarity on policy* Indexes down: Dow 1.3%, S&P 1.89%, Na","content":"<html><head></head><body><p>* Netflix plunges, weighs on Disney, media stocks</p><p>* S&amp;P 500, Nasdaq have biggest weekly drops since March 2020</p><p>* Focus turning to Fed meeting for clarity on policy</p><p>* Indexes down: Dow 1.3%, S&amp;P 1.89%, Nasdaq 2.72%</p><p>Jan 21 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&amp;P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.</p><p>The benchmark S&amp;P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.</p><p>Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.</p><p>Netflix    shares tumbled 21.8%, weighing on the S&amp;P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.</p><p>&#34;It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. &#34;It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.&#34;</p><p>The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&amp;P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.</p><p>For the week, the S&amp;P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.</p><p>The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.</p><p>The S&amp;P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.</p><p>&#34;When markets get like they&#39;ve gotten this week, the emotion is what takes over,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group. &#34;Until it finds support, no <a href=\"https://laohu8.com/S/AONE.U\">one</a>&#39;s going care about anything fundamental.&#34;</p><p>Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.</p><p>Investors are keenly focused on next week&#39;s Fed meeting for more clarity on the central bank&#39;s plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.</p><p>“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.</p><p>Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.</p><p>About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide</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\">\nUS STOCKS-S&P 500, Nasdaq Post Worst Weeks since Pandemic Start as Netflix Woes Deepen Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-22 05:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Netflix plunges, weighs on Disney, media stocks</p><p>* S&amp;P 500, Nasdaq have biggest weekly drops since March 2020</p><p>* Focus turning to Fed meeting for clarity on policy</p><p>* Indexes down: Dow 1.3%, S&amp;P 1.89%, Nasdaq 2.72%</p><p>Jan 21 (Reuters) - Wall Street&#39;s main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&amp;P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.</p><p>The benchmark S&amp;P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.</p><p>Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.</p><p>Netflix    shares tumbled 21.8%, weighing on the S&amp;P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.</p><p>&#34;It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. &#34;It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.&#34;</p><p>The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&amp;P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.</p><p>For the week, the S&amp;P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.</p><p>The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.</p><p>The S&amp;P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.</p><p>&#34;When markets get like they&#39;ve gotten this week, the emotion is what takes over,&#34; said Jim Paulsen, chief investment strategist at The Leuthold Group. &#34;Until it finds support, no <a href=\"https://laohu8.com/S/AONE.U\">one</a>&#39;s going care about anything fundamental.&#34;</p><p>Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.</p><p>Investors are keenly focused on next week&#39;s Fed meeting for more clarity on the central bank&#39;s plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.</p><p>“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.</p><p>Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.</p><p>About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4548":"巴美列捷福持仓",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","BK4532":"文艺复兴科技持仓","BK4108":"电影和娱乐","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","NFLX":"奈飞","BK4566":"资本集团","HUT":"Hut 8 Mining Corp","BK4524":"宅经济概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4551":"寇图资本持仓","SPY":"标普500ETF","BK4504":"桥水持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2205302378","content_text":"* Netflix plunges, weighs on Disney, media stocks* S&P 500, Nasdaq have biggest weekly drops since March 2020* Focus turning to Fed meeting for clarity on policy* Indexes down: Dow 1.3%, S&P 1.89%, Nasdaq 2.72%Jan 21 (Reuters) - Wall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their  biggest weekly percentage drops since the onset of the pandemic in March 2020.The benchmark S&P 500 posted its third straight week of declines, ending 8.3% down from its early January record high.Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down over 10% from its November peak. The Nasdaq has now fallen 14.3% from its November peak and on Friday closed at its lowest level since June.Netflix    shares tumbled 21.8%, weighing on the S&P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney    fell 6.9%, dragging on the Dow, while Roku    also slid 9.1%.\"It has really been a continuation of a tech rout,” said Paul Nolte, portfolio manager at Kingsview Investment Management. \"It’s really a combination of a rotation out of technology as well as very poor numbers from Netflix that I think is the catalyst for today.\"The Dow Jones Industrial Average    fell 450.02 points, or 1.3%, to 34,265.37, the S&P 500    lost 84.79 points, or 1.89%, to 4,397.94 and the Nasdaq Composite    dropped 385.10 points, or 2.72%, to 13,768.92.For the week, the S&P 500 fell 5.7%, the Dow dropped 4.6% and the Nasdaq declined 7.6%.The Dow fell for a sixth straight session, its longest streak of daily declines since February 2020.The S&P 500 closed below its 200-day moving average, a key technical level, for the first time since June 2020.\"When markets get like they've gotten this week, the emotion is what takes over,\" said Jim Paulsen, chief investment strategist at The Leuthold Group. \"Until it finds support, no one's going care about anything fundamental.\"Stocks are off to a rough start in 2022, as a fast rise in Treasury yields amid concerns the Federal Reserve will become aggressive in controlling inflation has particularly hit tech and growth shares.Investors are keenly focused on next week's Fed meeting for more clarity on the central bank's plans to tighten monetary policy in the coming months, after data last week showed U.S. consumer prices in December had the largest annual rise in nearly four decades.“Between the Fed meeting and earnings, there is a lot that the market could be worried about next week,” said Anu Gaggar, global investment strategist at Commonwealth Financial Network.Apple   , Tesla    and Microsoft    are among the large companies due to report next week in a busy week of earnings results.Declining issues outnumbered advancing ones on the NYSE by a 4.26-to-1 ratio; on Nasdaq, a 4.34-to-1 ratio favored decliners.The S&P 500 posted five new 52-week highs and 24 new lows; the Nasdaq Composite recorded 13 new highs and 1,029 new lows.About 14.6 billion shares changed hands in U.S. exchanges, compared with the 10.4 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":40,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912244406,"gmtCreate":1664845171305,"gmtModify":1676537517689,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912244406","repostId":"2272007231","repostType":4,"repost":{"id":"2272007231","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":1664838057,"share":"https://www.laohu8.com/m/news/2272007231?lang=&edition=full","pubTime":"2022-10-04 07:00","market":"us","language":"en","title":"US STOCKS-Wall Street Closes With Sharp Gains As Final Quarter Begins","url":"https://stock-news.laohu8.com/highlight/detail?id=2272007231","media":"Reuters","summary":"Wall Street's three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled","content":"<html><head></head><body><p>Wall Street&#39;s three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year&#39;s final quarter.</p><p><img src=\"https://static.tigerbbs.com/89f8cee3a8e5957b710079518887e561\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>The U.S. stock market has suffered three quarterly declines in a row in a tumultuous year marked by interest rate hikes to tame historically high inflation, and concerns about a slowing economy.</p><p>&#34;The U.S. yield markets (are) pulling back - that&#39;s been a positive ... and that connotes a more risk-on environment,&#34; said Art Hogan, chief market strategist at B. Riley Wealth in Boston.</p><p>Further supporting rate-sensitive growth stocks, the benchmark U.S. 10-year Treasury yield fell after British Prime Minister Liz Truss was forced to reverse course on a tax cut for the highest rate.</p><p>All 11 major S&amp;P 500 sectors advanced to positive territory, with energy being the biggest gainer.</p><p>Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.</p><p>Megacap growth and technology companies such as Apple Inc and Microsoft Corp rose over 3% respectively, while banks advanced 3%.</p><p>Data showed manufacturing activity increased at its slowest pace in nearly 2-1/2 years in September as new orders contracted, likely as rising interest rates to tame inflation cooled demand for goods.</p><p>The Institute for Supply Management said its manufacturing PMI dropped to 50.9 this month, missing estimates but still above 50, indicating growth.</p><p>&#34;The economic data stream actually came in worse than expected. In a very counterintuitive fashion that likely represents good news for equity markets,&#34; said Hogan.</p><p>&#34;(While) good economic data, strong readings had been a catalyst for selling, this is the first time we&#39;ve actually seen some negative news be a catalyst.&#34;</p><p>All three major indexes ended a volatile third quarter lower on Friday on growing fears that the Federal Reserve&#39;s aggressive monetary policy will tip the economy into recession.</p><p>The Dow Jones Industrial Average rose 765.38 points, or 2.66%, to 29,490.89; the S&amp;P 500 gained 92.81 points, or 2.59%, at 3,678.43; and the Nasdaq Composite added 239.82 points, or 2.27%, at 10,815.44.</p><p>Volume on U.S. exchanges was 11.61 billion shares, compared with the 11.54 billion average for the full session over the last 20 trading days.</p><p>Tesla Inc fell 8.6% after it sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. Peers Lucid Group gained 0.9% and Rivian Automotive fell 3.1%.</p><p>Major automakers are expected to report modest declines in U.S. new vehicle sales, but analysts and investors worry that a darkening economic picture, not inventory shortages, will lead to weaker car sales.</p><p>Citigroup and Credit Suisse became the latest brokerages to lower 2022 year-end targets for the S&amp;P 500, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation.</p><p>Credit Suisse also set a 2023 year-end price target for the benchmark index at 4,050 points, adding that 2023 would be a &#34;year of weak, non-recessionary growth and falling inflation.&#34;</p><p>Advancing issues outnumbered decliners on the NYSE by a 5.04-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 23 new lows; the Nasdaq Composite recorded 58 new highs and 282 new lows. (Reporting by Echo Wang in New York; Additional reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Anil D&#39;Silva, Arun Koyyur and Richard Chang)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Closes With Sharp Gains As Final Quarter Begins</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Closes With Sharp Gains As Final Quarter Begins\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-04 07:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street&#39;s three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year&#39;s final quarter.</p><p><img src=\"https://static.tigerbbs.com/89f8cee3a8e5957b710079518887e561\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>The U.S. stock market has suffered three quarterly declines in a row in a tumultuous year marked by interest rate hikes to tame historically high inflation, and concerns about a slowing economy.</p><p>&#34;The U.S. yield markets (are) pulling back - that&#39;s been a positive ... and that connotes a more risk-on environment,&#34; said Art Hogan, chief market strategist at B. Riley Wealth in Boston.</p><p>Further supporting rate-sensitive growth stocks, the benchmark U.S. 10-year Treasury yield fell after British Prime Minister Liz Truss was forced to reverse course on a tax cut for the highest rate.</p><p>All 11 major S&amp;P 500 sectors advanced to positive territory, with energy being the biggest gainer.</p><p>Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.</p><p>Megacap growth and technology companies such as Apple Inc and Microsoft Corp rose over 3% respectively, while banks advanced 3%.</p><p>Data showed manufacturing activity increased at its slowest pace in nearly 2-1/2 years in September as new orders contracted, likely as rising interest rates to tame inflation cooled demand for goods.</p><p>The Institute for Supply Management said its manufacturing PMI dropped to 50.9 this month, missing estimates but still above 50, indicating growth.</p><p>&#34;The economic data stream actually came in worse than expected. In a very counterintuitive fashion that likely represents good news for equity markets,&#34; said Hogan.</p><p>&#34;(While) good economic data, strong readings had been a catalyst for selling, this is the first time we&#39;ve actually seen some negative news be a catalyst.&#34;</p><p>All three major indexes ended a volatile third quarter lower on Friday on growing fears that the Federal Reserve&#39;s aggressive monetary policy will tip the economy into recession.</p><p>The Dow Jones Industrial Average rose 765.38 points, or 2.66%, to 29,490.89; the S&amp;P 500 gained 92.81 points, or 2.59%, at 3,678.43; and the Nasdaq Composite added 239.82 points, or 2.27%, at 10,815.44.</p><p>Volume on U.S. exchanges was 11.61 billion shares, compared with the 11.54 billion average for the full session over the last 20 trading days.</p><p>Tesla Inc fell 8.6% after it sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. Peers Lucid Group gained 0.9% and Rivian Automotive fell 3.1%.</p><p>Major automakers are expected to report modest declines in U.S. new vehicle sales, but analysts and investors worry that a darkening economic picture, not inventory shortages, will lead to weaker car sales.</p><p>Citigroup and Credit Suisse became the latest brokerages to lower 2022 year-end targets for the S&amp;P 500, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation.</p><p>Credit Suisse also set a 2023 year-end price target for the benchmark index at 4,050 points, adding that 2023 would be a &#34;year of weak, non-recessionary growth and falling inflation.&#34;</p><p>Advancing issues outnumbered decliners on the NYSE by a 5.04-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 23 new lows; the Nasdaq Composite recorded 58 new highs and 282 new lows. (Reporting by Echo Wang in New York; Additional reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Anil D&#39;Silva, Arun Koyyur and Richard Chang)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272007231","content_text":"Wall Street's three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year's final quarter.The U.S. stock market has suffered three quarterly declines in a row in a tumultuous year marked by interest rate hikes to tame historically high inflation, and concerns about a slowing economy.\"The U.S. yield markets (are) pulling back - that's been a positive ... and that connotes a more risk-on environment,\" said Art Hogan, chief market strategist at B. Riley Wealth in Boston.Further supporting rate-sensitive growth stocks, the benchmark U.S. 10-year Treasury yield fell after British Prime Minister Liz Truss was forced to reverse course on a tax cut for the highest rate.All 11 major S&P 500 sectors advanced to positive territory, with energy being the biggest gainer.Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.Megacap growth and technology companies such as Apple Inc and Microsoft Corp rose over 3% respectively, while banks advanced 3%.Data showed manufacturing activity increased at its slowest pace in nearly 2-1/2 years in September as new orders contracted, likely as rising interest rates to tame inflation cooled demand for goods.The Institute for Supply Management said its manufacturing PMI dropped to 50.9 this month, missing estimates but still above 50, indicating growth.\"The economic data stream actually came in worse than expected. In a very counterintuitive fashion that likely represents good news for equity markets,\" said Hogan.\"(While) good economic data, strong readings had been a catalyst for selling, this is the first time we've actually seen some negative news be a catalyst.\"All three major indexes ended a volatile third quarter lower on Friday on growing fears that the Federal Reserve's aggressive monetary policy will tip the economy into recession.The Dow Jones Industrial Average rose 765.38 points, or 2.66%, to 29,490.89; the S&P 500 gained 92.81 points, or 2.59%, at 3,678.43; and the Nasdaq Composite added 239.82 points, or 2.27%, at 10,815.44.Volume on U.S. exchanges was 11.61 billion shares, compared with the 11.54 billion average for the full session over the last 20 trading days.Tesla Inc fell 8.6% after it sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. Peers Lucid Group gained 0.9% and Rivian Automotive fell 3.1%.Major automakers are expected to report modest declines in U.S. new vehicle sales, but analysts and investors worry that a darkening economic picture, not inventory shortages, will lead to weaker car sales.Citigroup and Credit Suisse became the latest brokerages to lower 2022 year-end targets for the S&P 500, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation.Credit Suisse also set a 2023 year-end price target for the benchmark index at 4,050 points, adding that 2023 would be a \"year of weak, non-recessionary growth and falling inflation.\"Advancing issues outnumbered decliners on the NYSE by a 5.04-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 23 new lows; the Nasdaq Composite recorded 58 new highs and 282 new lows. (Reporting by Echo Wang in New York; Additional reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Anil D'Silva, Arun Koyyur and Richard Chang)","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919478938,"gmtCreate":1663855025224,"gmtModify":1676537350212,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9919478938","repostId":"1195007969","repostType":4,"repost":{"id":"1195007969","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":1663853730,"share":"https://www.laohu8.com/m/news/1195007969?lang=&edition=full","pubTime":"2022-09-22 21:35","market":"us","language":"en","title":"S&P 500 Opens Flat Following Wednesday’s Post-Fed Rout","url":"https://stock-news.laohu8.com/highlight/detail?id=1195007969","media":"Tiger Newspress","summary":"The S&P 500 opened flat on Thursday after the major averages came off a day of steep losses followin","content":"<html><head></head><body><p>The S&amp;P 500 opened flat on Thursday after the major averages came off a day of steep losses following another large rate hike from the Federal Reserve.</p><p>Stocks were mostly lower in early morning trading, with the Dow Jones Industrial Average last down 30 points, or 0.1%. The S&amp;P 500 traded 0.1% lower. The Nasdaq Composite dipped 0.2%.</p><p>Stocks closed lower on Wednesday, continuing the recent sell-off trend as investors evaluated the Fed’s latest comments. The Dow slumped 522 points. Both the S&amp;P 500 and Nasdaq Composite shedding more than 1.7% each, putting both averages at their lowest levels since June 30 and July 1, respectively. The big drop in equities came in a volatile period after the Fed’s third consecutive 0.75 percentage point rate increase.</p><p>“Yesterday’s FOMC meeting was a tough pill for markets to swallow and I think this likely continues for three reasons that came out of the Fed,” said Saira Malik, Nuveen’s chief investment officer, citing higher interest rates, inflation, and unemployment.</p><p>Policymakers on Wednesday pledged to continue raising rates as high as 4.6% in 2023 before pulling back in the fight against inflation, spurring fears on Wall Street that the economy could tip into a recession as the central bank aims to slow economic growth.</p><p>The Fed expects to raise its year-end rate to 4.4% in 2022, continuing aggressive action against rising prices through the remainder of the year.</p><p>DoubleLine Capital CEO Jeffrey Gundlach said Wednesday on CNBC’s “Closing Bell: Overtime” that the Fed needs to slow its rapid pace of tightening.</p><p>“Monetary policy has lags that are long and variable, but we’ve been tightening now for a while,” he said, noting that the impact of the tightening could lead to a recession. Shares of Robinhood jumped in the premarket amid a report that the SEC won’t ban payment for order flow.</p><p>On the economic front, the latest data on weekly jobless claims came in slightly better than expectations.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 Opens Flat Following Wednesday’s Post-Fed Rout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 Opens Flat Following Wednesday’s Post-Fed Rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-22 21:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 opened flat on Thursday after the major averages came off a day of steep losses following another large rate hike from the Federal Reserve.</p><p>Stocks were mostly lower in early morning trading, with the Dow Jones Industrial Average last down 30 points, or 0.1%. The S&amp;P 500 traded 0.1% lower. The Nasdaq Composite dipped 0.2%.</p><p>Stocks closed lower on Wednesday, continuing the recent sell-off trend as investors evaluated the Fed’s latest comments. The Dow slumped 522 points. Both the S&amp;P 500 and Nasdaq Composite shedding more than 1.7% each, putting both averages at their lowest levels since June 30 and July 1, respectively. The big drop in equities came in a volatile period after the Fed’s third consecutive 0.75 percentage point rate increase.</p><p>“Yesterday’s FOMC meeting was a tough pill for markets to swallow and I think this likely continues for three reasons that came out of the Fed,” said Saira Malik, Nuveen’s chief investment officer, citing higher interest rates, inflation, and unemployment.</p><p>Policymakers on Wednesday pledged to continue raising rates as high as 4.6% in 2023 before pulling back in the fight against inflation, spurring fears on Wall Street that the economy could tip into a recession as the central bank aims to slow economic growth.</p><p>The Fed expects to raise its year-end rate to 4.4% in 2022, continuing aggressive action against rising prices through the remainder of the year.</p><p>DoubleLine Capital CEO Jeffrey Gundlach said Wednesday on CNBC’s “Closing Bell: Overtime” that the Fed needs to slow its rapid pace of tightening.</p><p>“Monetary policy has lags that are long and variable, but we’ve been tightening now for a while,” he said, noting that the impact of the tightening could lead to a recession. Shares of Robinhood jumped in the premarket amid a report that the SEC won’t ban payment for order flow.</p><p>On the economic front, the latest data on weekly jobless claims came in slightly better than expectations.</p></body></html>\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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195007969","content_text":"The S&P 500 opened flat on Thursday after the major averages came off a day of steep losses following another large rate hike from the Federal Reserve.Stocks were mostly lower in early morning trading, with the Dow Jones Industrial Average last down 30 points, or 0.1%. The S&P 500 traded 0.1% lower. The Nasdaq Composite dipped 0.2%.Stocks closed lower on Wednesday, continuing the recent sell-off trend as investors evaluated the Fed’s latest comments. The Dow slumped 522 points. Both the S&P 500 and Nasdaq Composite shedding more than 1.7% each, putting both averages at their lowest levels since June 30 and July 1, respectively. The big drop in equities came in a volatile period after the Fed’s third consecutive 0.75 percentage point rate increase.“Yesterday’s FOMC meeting was a tough pill for markets to swallow and I think this likely continues for three reasons that came out of the Fed,” said Saira Malik, Nuveen’s chief investment officer, citing higher interest rates, inflation, and unemployment.Policymakers on Wednesday pledged to continue raising rates as high as 4.6% in 2023 before pulling back in the fight against inflation, spurring fears on Wall Street that the economy could tip into a recession as the central bank aims to slow economic growth.The Fed expects to raise its year-end rate to 4.4% in 2022, continuing aggressive action against rising prices through the remainder of the year.DoubleLine Capital CEO Jeffrey Gundlach said Wednesday on CNBC’s “Closing Bell: Overtime” that the Fed needs to slow its rapid pace of tightening.“Monetary policy has lags that are long and variable, but we’ve been tightening now for a while,” he said, noting that the impact of the tightening could lead to a recession. Shares of Robinhood jumped in the premarket amid a report that the SEC won’t ban payment for order flow.On the economic front, the latest data on weekly jobless claims came in slightly better than expectations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996257034,"gmtCreate":1661179621430,"gmtModify":1676536468313,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996257034","repostId":"2261515445","repostType":4,"repost":{"id":"2261515445","pubTimestamp":1661177189,"share":"https://www.laohu8.com/m/news/2261515445?lang=&edition=full","pubTime":"2022-08-22 22:06","market":"us","language":"en","title":"Here's What You Should Know About the 3-for-1 Stock Split Approved By Tesla Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=2261515445","media":"Motley Fool","summary":"Tesla's stock split will take place after the close of trading on Aug. 24, but don't expect to wake up to riches overnight.","content":"<html><head></head><body><p><b>KEY POINTS</b></p><ul><li>Tesla shareholders voted in favor of a 3-for-1 stock split at the company&#39;s annual meeting on Aug. 4.</li><li>Shareholders will see more shares of Tesla stock in their account after the stock split takes place on Aug. 24.</li><li>The shares will trade at a split-adjusted price on Aug. 25.</li></ul><p><b>Tesla</b> is moving forward with its second stock split on Aug. 24. Shareholders approved the 3-for-1 stock split at the company&#39;s annual meeting this month.</p><p>If you&#39;re confused about stock splits, below is a breakdown of how they work, so you can set your expectations.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae15e6e1d3574d71df0833be714bce02\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><p><b>Stock splits are taking over headlines in 2022</b></p><p>Large tech companies have been dominating stock-split news this year. <b>Amazon</b> pursued its first stock split since the dot-com boom, completing a 20-for-1 stock split on June 3. E-commerce giant <b>Shopify</b> completed a 10-for-1 split of its common stock on June 28. Then, the parent company of Google, <b>Alphabet</b>, wrapped up a 20-for-1 stock split on July 15.</p><p>Now, Tesla is back in the spotlight after completing a 5-for-1 stock split in 2020. The electric vehicle maker hinted at a stock split earlier this year, and now the big day is taking place this month. If you haven&#39;t been following Tesla this year, here&#39;s a look at the company&#39;s stock-split timeline.</p><ul><li><b>March 28, 2022:</b> Tesla informed the SEC about its stock-split intentions via Form 8-K.</li><li><b>June 6, 2022:</b> If you were a shareholder as of close of business on this date, you received an invitation to Tesla&#39;s annual shareholders meeting.</li><li><b>June 10, 2022:</b> Tesla filed another form with the SEC, announcing a proposed 3-for-1 stock split.</li><li><b>Aug. 4, 2022:</b> Shareholders voted in favor of the 3-for-1 stock split at the 2022 Annual Meeting of Shareholders.</li><li><b>Aug. 17, 2022:</b> Stockholders of record on this date will receive two new shares for every one share they own.</li><li><b>Aug. 24, 2022:</b> The stock split will take place after the close of trading on this date.</li><li><b>Aug. 25, 2022:</b> Tesla shares will trade at a split-adjusted price on this date.</li></ul><p>As you can see, a stock split doesn&#39;t happen overnight. A company needs to file paperwork with the SEC to express its intentions, and then shareholders must give the company the green light to move forward with the stock split.</p><p><b>What happens when a stock splits?</b></p><p>A stock split may be popular, but that doesn&#39;t mean it&#39;s profitable. A stock split in itself won&#39;t make a company&#39;s market capitalization rise or change its intrinsic value. But it does increase the number of a company&#39;s outstanding shares. You&#39;ll notice more shares of a company stock in your account, but the overall value of your shares won&#39;t change. That&#39;s why a stock split is not a taxable event in itself. It doesn&#39;t leave you with more money in your pockets.</p><p>Let&#39;s dive into Tesla&#39;s stock split. The company is doing a 3-for-1 split. That means investors will receive two extra shares of Tesla for every one share they own.</p><p>If you own five shares of Tesla, you&#39;ll wake up to 15 shares of the company after the stock split. If you own 10 shares of Tesla, you&#39;ll have 30 shares later. If you own fractional shares, you&#39;ll still have a chance to participate in the stock split. You&#39;ll just have to do the math to see how your fractional shares will multiply after the stock split.</p><p>You can think of a stock split like getting slices of pizza. If you have a whole pizza, you can slice it into three equal parts like a 3-for-1 stock split. The amount of pizza you have is still the same. When you slice it, you break it up into bite-sized pieces so it&#39;s easier to consume.</p><p>A stock split makes it easier for investors to buy whole shares of a company stock by lowering the price tag. If shares of Tesla stock are $900 before the stock split, the shares will drop to $300 after the 3-for-1 stock split.</p><p><b>Is a stock split a positive sign for a company?</b></p><p>A stock split helps make a stock with a high price tag more affordable to retail investors. But that&#39;s not a big deal in this era since many investors can get their hands on stocks by purchasing fractional shares. However, there are some investors who like the idea of grabbing a whole share of Tesla without breaking the bank. Stock splits open the doors for more investors to accumulate whole shares of a company stock in their portfolio.</p><p>Although stock splits sound fancy, they are more of a cosmetic change. It doesn&#39;t determine the long-term potential of a company. Don&#39;t fall into the trap of believing that stock splits automatically lead to profitability. Do your research before you invest in any stock -- even if the company has a stock split coming up. Review the fundamentals, evaluate management&#39;s leadership style, and do a competitor analysis to see if a company deserves a spot in your portfolio.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's What You Should Know About the 3-for-1 Stock Split Approved By Tesla Shareholders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's What You Should Know About the 3-for-1 Stock Split Approved By Tesla Shareholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-22 22:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/21/heres-what-you-should-know-about-the-3-for-1-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSTesla shareholders voted in favor of a 3-for-1 stock split at the company's annual meeting on Aug. 4.Shareholders will see more shares of Tesla stock in their account after the stock split ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/21/heres-what-you-should-know-about-the-3-for-1-stock/\">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.fool.com/investing/2022/08/21/heres-what-you-should-know-about-the-3-for-1-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2261515445","content_text":"KEY POINTSTesla shareholders voted in favor of a 3-for-1 stock split at the company's annual meeting on Aug. 4.Shareholders will see more shares of Tesla stock in their account after the stock split takes place on Aug. 24.The shares will trade at a split-adjusted price on Aug. 25.Tesla is moving forward with its second stock split on Aug. 24. Shareholders approved the 3-for-1 stock split at the company's annual meeting this month.If you're confused about stock splits, below is a breakdown of how they work, so you can set your expectations.Image source: Getty Images.Stock splits are taking over headlines in 2022Large tech companies have been dominating stock-split news this year. Amazon pursued its first stock split since the dot-com boom, completing a 20-for-1 stock split on June 3. E-commerce giant Shopify completed a 10-for-1 split of its common stock on June 28. Then, the parent company of Google, Alphabet, wrapped up a 20-for-1 stock split on July 15.Now, Tesla is back in the spotlight after completing a 5-for-1 stock split in 2020. The electric vehicle maker hinted at a stock split earlier this year, and now the big day is taking place this month. If you haven't been following Tesla this year, here's a look at the company's stock-split timeline.March 28, 2022: Tesla informed the SEC about its stock-split intentions via Form 8-K.June 6, 2022: If you were a shareholder as of close of business on this date, you received an invitation to Tesla's annual shareholders meeting.June 10, 2022: Tesla filed another form with the SEC, announcing a proposed 3-for-1 stock split.Aug. 4, 2022: Shareholders voted in favor of the 3-for-1 stock split at the 2022 Annual Meeting of Shareholders.Aug. 17, 2022: Stockholders of record on this date will receive two new shares for every one share they own.Aug. 24, 2022: The stock split will take place after the close of trading on this date.Aug. 25, 2022: Tesla shares will trade at a split-adjusted price on this date.As you can see, a stock split doesn't happen overnight. A company needs to file paperwork with the SEC to express its intentions, and then shareholders must give the company the green light to move forward with the stock split.What happens when a stock splits?A stock split may be popular, but that doesn't mean it's profitable. A stock split in itself won't make a company's market capitalization rise or change its intrinsic value. But it does increase the number of a company's outstanding shares. You'll notice more shares of a company stock in your account, but the overall value of your shares won't change. That's why a stock split is not a taxable event in itself. It doesn't leave you with more money in your pockets.Let's dive into Tesla's stock split. The company is doing a 3-for-1 split. That means investors will receive two extra shares of Tesla for every one share they own.If you own five shares of Tesla, you'll wake up to 15 shares of the company after the stock split. If you own 10 shares of Tesla, you'll have 30 shares later. If you own fractional shares, you'll still have a chance to participate in the stock split. You'll just have to do the math to see how your fractional shares will multiply after the stock split.You can think of a stock split like getting slices of pizza. If you have a whole pizza, you can slice it into three equal parts like a 3-for-1 stock split. The amount of pizza you have is still the same. When you slice it, you break it up into bite-sized pieces so it's easier to consume.A stock split makes it easier for investors to buy whole shares of a company stock by lowering the price tag. If shares of Tesla stock are $900 before the stock split, the shares will drop to $300 after the 3-for-1 stock split.Is a stock split a positive sign for a company?A stock split helps make a stock with a high price tag more affordable to retail investors. But that's not a big deal in this era since many investors can get their hands on stocks by purchasing fractional shares. However, there are some investors who like the idea of grabbing a whole share of Tesla without breaking the bank. Stock splits open the doors for more investors to accumulate whole shares of a company stock in their portfolio.Although stock splits sound fancy, they are more of a cosmetic change. It doesn't determine the long-term potential of a company. Don't fall into the trap of believing that stock splits automatically lead to profitability. Do your research before you invest in any stock -- even if the company has a stock split coming up. Review the fundamentals, evaluate management's leadership style, and do a competitor analysis to see if a company deserves a spot in your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014696760,"gmtCreate":1649646468526,"gmtModify":1676534543957,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014696760","repostId":"1134931867","repostType":4,"repost":{"id":"1134931867","pubTimestamp":1649644888,"share":"https://www.laohu8.com/m/news/1134931867?lang=&edition=full","pubTime":"2022-04-11 10:41","market":"us","language":"en","title":"Nvidia Stock Could Rise 45%","url":"https://stock-news.laohu8.com/highlight/detail?id=1134931867","media":"InvestorPlace","summary":"Investors should be happy with Nvidia (NASDAQ:NVDA). The chip design company decided in February to ","content":"<html><head></head><body><p>Investors should be happy with <b>Nvidia</b> (NASDAQ:<b><u>NVDA</u></b>). The chip design company decided in February to cancel its dilutive merger with ARM Ltdfrom <b>Softbank</b>(OTCMKTS:<b><u>SFTBY</u></b>). That will allow shareholders to not be diluted by the extra shares for ARM. That could help NVDA stock rise, assuming the company’s growth stays on track.</p><p>Moreover, it expects its first quarter 2022 revenue, which will come out on May 25, will be at least $8.1 billion up from $7.66 billion this past quarter. That works out to a consecutive compound growth rate of 26.1%. Moreover, on a year-over-year (YoY) basis, that will be 43.1% higher than the $5.66 billion in revenue last year. If its YoY growth keeps up at that pace, NVDA stock could be in for another great year.</p><p>So far, year-to-date (YTD) the stock is down 21.4% as of April 8 at $231.26, down from $294.11 at the end of 2021. That is quite a change from last year when it rose 125.2%.</p><p>Assuming Nvidia can make the same level of profits and free cash flow (FCF) as before, the stock could find its way back into positive territory. That assumes that its growth rate keeps at its blistering pace as in the past.</p><p>For example, for the fiscal year that ended Jan. 30, 2022, the company generated over $8.13 billion in FCF. This works out to a FCF margin of 30.2% on its $26.9 billion in revenue.</p><p>But in the fourth quarter its FCF margin rose to over 36% when it produced $2.76 billion in FCF on $7.64 billion in revenue. The point is if that same margin keeps up for the year ending 2023, it could show huge amounts of FCF.</p><p>Analysts now estimate that revenue will rise 30% to $34.9 billion. Applying a 36% margin to that figure means FCF could reach $12.56 billion. That is over 54.5% from the $8.1 billion in FCF last year.</p><p>But it also could push the stock market value higher. For example, assuming the market values Nvidia with a 1.5% FCF yield, its market value will be $847.33 billion (i.e., $12.56b/0.15). This is 45.3% higher than its $576 billion market value today.</p><p>In this scenario NVDA could be worth 45.3% more, or $336.25 per share. This shows that there is a path for NVDA stock to move higher.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Stock Could Rise 45%</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\">\nNvidia Stock Could Rise 45%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-11 10:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/nvda-stock-could-rise-45-percent-this-year-assuming-high-fcf-growth-and-valuation/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should be happy with Nvidia (NASDAQ:NVDA). The chip design company decided in February to cancel its dilutive merger with ARM Ltdfrom Softbank(OTCMKTS:SFTBY). That will allow shareholders to...</p>\n\n<a href=\"https://investorplace.com/2022/04/nvda-stock-could-rise-45-percent-this-year-assuming-high-fcf-growth-and-valuation/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://investorplace.com/2022/04/nvda-stock-could-rise-45-percent-this-year-assuming-high-fcf-growth-and-valuation/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134931867","content_text":"Investors should be happy with Nvidia (NASDAQ:NVDA). The chip design company decided in February to cancel its dilutive merger with ARM Ltdfrom Softbank(OTCMKTS:SFTBY). That will allow shareholders to not be diluted by the extra shares for ARM. That could help NVDA stock rise, assuming the company’s growth stays on track.Moreover, it expects its first quarter 2022 revenue, which will come out on May 25, will be at least $8.1 billion up from $7.66 billion this past quarter. That works out to a consecutive compound growth rate of 26.1%. Moreover, on a year-over-year (YoY) basis, that will be 43.1% higher than the $5.66 billion in revenue last year. If its YoY growth keeps up at that pace, NVDA stock could be in for another great year.So far, year-to-date (YTD) the stock is down 21.4% as of April 8 at $231.26, down from $294.11 at the end of 2021. That is quite a change from last year when it rose 125.2%.Assuming Nvidia can make the same level of profits and free cash flow (FCF) as before, the stock could find its way back into positive territory. That assumes that its growth rate keeps at its blistering pace as in the past.For example, for the fiscal year that ended Jan. 30, 2022, the company generated over $8.13 billion in FCF. This works out to a FCF margin of 30.2% on its $26.9 billion in revenue.But in the fourth quarter its FCF margin rose to over 36% when it produced $2.76 billion in FCF on $7.64 billion in revenue. The point is if that same margin keeps up for the year ending 2023, it could show huge amounts of FCF.Analysts now estimate that revenue will rise 30% to $34.9 billion. Applying a 36% margin to that figure means FCF could reach $12.56 billion. That is over 54.5% from the $8.1 billion in FCF last year.But it also could push the stock market value higher. For example, assuming the market values Nvidia with a 1.5% FCF yield, its market value will be $847.33 billion (i.e., $12.56b/0.15). This is 45.3% higher than its $576 billion market value today.In this scenario NVDA could be worth 45.3% more, or $336.25 per share. This shows that there is a path for NVDA stock to move higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010736401,"gmtCreate":1648468996607,"gmtModify":1676534341481,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010736401","repostId":"1197498442","repostType":4,"repost":{"id":"1197498442","pubTimestamp":1648459223,"share":"https://www.laohu8.com/m/news/1197498442?lang=&edition=full","pubTime":"2022-03-28 17:20","market":"us","language":"en","title":"Palantir: It Has A Invisible Glass Ceiling?\t","url":"https://stock-news.laohu8.com/highlight/detail?id=1197498442","media":"seekingalpha","summary":"SummaryIn my view, the more Palantir grows, the more it will attract public scrutiny over its influe","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>In my view, the more Palantir grows, the more it will attract public scrutiny over its influence.</li><li>Current prices seem to incorporate management&#39;s growth estimates.</li><li>Speculative investors might profit from hyped ticker volatility. However, fundamentally, PLTR doesn&#39;t offer an attractive risk/reward balance.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be7105a0a2a4e7560a724e681e477dba\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"/><span>Drew Angerer/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>When it comes to trade-offs around complex questions such as individual privacy versus collective security, a person will always feel alienated from opinionated dogmatists assertively choosing one side over the other, whether they share the same opinion or not. The reason is that zealots often seem to disregard competing values surrounding such complex questions. In a letter filed to the SEC, Palantir (NYSE:PLTR) CEO states that the data-mining company &#34;have chosen sides,&#34; standing by its government clients &#34;when it is convenient, and when it is not.&#34; Albeit well-intentioned, PLTR&#39;s stance entangled the company in Washington&#39;s debates more than would have been necessary, alienating half of the political institution and perhaps the public. I wasn&#39;t surprised that Avril Haines, the former deputy director of the CIA, removed references to consulting work with the software vendor from her biography shortly after joining the Biden Campaign, as reported by The Intercept.</p><p>Mainstream media captures&#39; the public&#39;s perception of PLTR&#39;s controversial position in the following news headlines and excerpts:</p><blockquote>Palantir trades: Shares in the controversial data analytics company Palantir Technologies begin trading publicly on Wednesday. Financial Times,Sept 2020</blockquote><blockquote>Palantir Embraces Controversial US Government Contract Work - Bloomberg,August 2020</blockquote><blockquote>The U.K. government has ended a controversial data agreement with U.S. tech firm Palantir following criticism from privacy campaigners. CNBC,Sept 2021</blockquote><blockquote>Palantir, the controversial data company, makes its Wall Street debut. CNN,Sept. 2020</blockquote><blockquote>Palantir is not a consumer-facing company but its work has generated public protest. Financial Times,December 2019</blockquote><blockquote>Peter Thiel’s Secretive Data Giant Palantir. WSJ,February 2019</blockquote><p>This image will have a detrimental effect on the company&#39;s plans to become the &#34;default operating system for the government,&#34; a stated goal fully incorporated in its share price. For example, PLTR&#39;s COVID-19 contract to track vaccine and infection data reignited controversies over its work with the Trump administration on immigration executive orders described as &#34;cruel&#34;by human rights organizations,arbitrary, and not justified by The Supreme Court, and controversial in mainstream media (as mentioned above). Its co-founder&#39;s outspoken support for Trump and its CEO&#39;s libertarian views didn&#39;t help either. Several congress members wrote:</p><blockquote>Naturally, we have valid concerns on whether the existing surveillance framework Palantir has created to track and arrest immigrants will be supplemented by the troves of potentially personal health information contained within the HHS Protect platform</blockquote><p>The strong resistance from politicians to give too much power to PLTR despite the COVID crises (letter posted on the Washington Post on July 1, 2020) mirrors the deep-rooted concerns over PLTR&#39;s activities and values. I believe that it is reasonable to say that the bigger PLTR gets, the more it will attract public and private scrutiny over its influence, as happened with the COVID contract.</p><p>PLTR acknowledges that public image and news reports over its operations might harm its shares in SEC disclosures. I don&#39;t think management made enough effort to address this issue beyond its lobbying spending. The way PLTR is depicted on mainstream media challenges its ability to maintain government contracts and expand in the commercial sector, harming its valuation. For example, PLTR has consistently traded below peers with similar growth. Moreover, it lacks the safety net available for other companies, presented by M&amp;A prospects. Given the reputational challenges manifested in the news headlines listed above, I doubt that larger tech firms will line up if management deems M&amp;A is a preferred strategic option, touching on the voting power exclusively held by the company&#39;s three co-founders.</p><p>Finally, the inability of PLTR to penetrate the Fortune 500 market after nineteen years of operations mirrors the commercial sector&#39;s worries of being associated with PLTR, in the same way, that Avril Haines decided to delete references to her work with the company.</p><p><b>Competition</b></p><p>Listening to shareholders&#39; questions, one can&#39;t help but sense a distorted image held by some retail investors regarding PLTR&#39;s competitive stance. For example, one shareholder compares PLTR&#39;s market position to the influence of Microsoft&#39;s (MSFT) MS Office. One asked if PLTR has competitors at all? Some think the PLTR products are so unique that they don&#39;t have competitors.</p><p>PLTR faces intense competition, and its products are replaceable. In 2020, the Anti-money Laundering division of The Department of Justice &#34;DOJ&#34; replaced PLTR with DataWalk (DAT.WA), a small-cap, Polish software vendor.</p><p>Many confuse PLTR&#39;s rapid growth with product superiority. However, its high growth stems from its relatively low revenue base in a large market. In 2018, PLTR won a verdict against the government that now mandates Federal organizations to consider commercial software before attempting to build their own. This, benefits PLTR, but also many of its peers who have built-in software solutions such as Microsoft&#39;sSynapse, Oracle&#39;s (ORCL) Database, Cloudera&#39;s (CLDR) Enterprise Data Hub - part of KKR (KKR), Databricks Lakehouse Platform, IBM&#39;s (IBM) Netezza Performance Server, Neo4j, and NuoDB - part of Dassault Systèmes (OTCPK:DASTY), to name just a few.</p><p>PLTR lists several &#34;strengths&#34; to investors, most of which center around the design of its product, which, to its credit, offers an agile data analytics platform. The company also demonstrated exemplary execution, emphasizing working with IT departments before complicating implementation by incorporating end-users into the discussions. PLTR also reduced installation time, shrinking the sales life cycle. However, I believe each client has different design preferences, and I don&#39;t see PLTR as fundamentally superior to its peers.</p><p><b>Growth</b></p><p>Another sign of the market&#39;s failure to assessing PLTR is the market reaction to its EPS miss, which saw its ticker tumble 13% in mid-day trading. Long-term investors should focus on revenue and revenue per share instead of EPS and net income. PLTR&#39;s business model is profitable, as seen in its high gross margins, and its operating losses are temporarily resulting from its growth initiatives. If it chooses, the company can quickly become profitable simply by halting its growth initiatives, but this wouldn&#39;t be in the interest of long-term investors.</p><p>For example, R&amp;D expenditure mirror costs related to scaling its platform for its clients, signaling higher future revenue despite short-term pressure on net income. Similarly, Selling and Marketing costs mirror expenses related to pilot programs which also reflect an interest in the company&#39;s products.</p><p>I believe that PLTR will continue to grow in the next five years at a decreasing rate. The company increased sales by $450 million in 2021; $287 million from government contracts awarded in previous periods, while the remaining $162 million is growth in its commercial segment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b9153c643474d5c4458bafa60c64038\" tg-width=\"640\" tg-height=\"83\" referrerpolicy=\"no-referrer\"/><span>SEC Filings</span></p><p>These are solid growth figures, but concerns over management&#39;s ability to maintain these rates will continue suppressing the ticker. Management estimates that its revenue will exceed $4 billion in 2025, which translates to 30% annual growth.</p><p>As mentioned above, I don&#39;t believe that PLTR will ever become the default operating system for the government or the commercial sector. A 30% growth rate will translate to a 5% market share in 2026, at which point, more scrutiny over its influence will restrict its growth, similar to what happened when the Trump administration awarded PLTR the COVID-tracing contract.</p><p><b>Valuation</b></p><p>KKR bought CLDR last year for $5.3 billion. At the time of the Purchase, CLDR TTM revenue was close to PLTR&#39;s 2020 revenue of $1 Billion, valuing the company at a 5.3x Price/Sales ratio.</p><p>Using Price/Sales sheds light on valuation without engaging too much into PLTR&#39;s spending on growth initiatives, mirrored in the R&amp;D and Sales accounts. As mentioned above, these expenses are temporary, and given the stickiness of customers and low variable costs, Price/Sales offers a valuable tool for comparable valuation.</p><p>Applying the Price/Sales of 5.3x on PLTR 2021 annual results yields an $8 billion market cap valuation, much less than the current market cap of $23 billion. This overvaluation is also mirrored in Seeking Alpha Quant Score System, which rates PLTR &#34;D&#34; on valuation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df2f7182f478a620c5b3c75828c82390\" tg-width=\"640\" tg-height=\"217\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><p>Even when considering growth, PLTR seems fully valued. Applying a 5.3x Price/Sales ratio on management&#39;s 2025 revenue estimates ($4.4 billion) translates to a $23 billion market cap, less than its current value. Thus, in my view, PLTR doesn&#39;t offer an attractive risk/reward balance.</p><p><b>How I Might be Wrong</b></p><p>Our thesis rests on the inability of PLTR to achieve the 30% growth target through 2025. However, if PLTR hits this target in the short run, the ticker might rise on investors&#39; optimism, contrary to our expectations.</p><p>The challenge in assigning a valuation to a particular ticker stem from the variability of price multiples. The growth-to-value rotation demonstrates this concept. Thus, a reverse in investors&#39; appetite for risk poses a risk for our hypothesis.</p><p>The increased geopolitical risks might increase demand for Gotham. However, this will enhance PLTR&#39;s image as a defense contractor, igniting controversies about immigrant child separation decrees during the Trump era.</p><p>Finally, news headlines that have often presented PLTR as a controversial company might change tone as the software vendor expands in the commercial sector, positively impacting valuation, making this analysis obsolete.</p><p><b>Summary</b></p><p>Current prices incorporate above-average valuation multiples, mirroring higher growth expectations beyond 2025. Nonetheless, this implies that at some point, PLTR will have a market share above 5% (based on $119 billion TAM) which I believe is the threshold where the company will face increased scrutiny over its influence on the public and private sectors, given the negative media coverage affecting its reputation. For this reason, I maintain a hold rating, noting that while some investors might profit from the stock volatility, I don&#39;t see the company offering an attractive risk/reward balance.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: It Has A Invisible Glass Ceiling?\t</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: It Has A Invisible Glass Ceiling?\t\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-28 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4498065-palantirs-invisible-glass-ceiling><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIn my view, the more Palantir grows, the more it will attract public scrutiny over its influence.Current prices seem to incorporate management's growth estimates.Speculative investors might ...</p>\n\n<a href=\"https://seekingalpha.com/article/4498065-palantirs-invisible-glass-ceiling\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4498065-palantirs-invisible-glass-ceiling","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1197498442","content_text":"SummaryIn my view, the more Palantir grows, the more it will attract public scrutiny over its influence.Current prices seem to incorporate management's growth estimates.Speculative investors might profit from hyped ticker volatility. However, fundamentally, PLTR doesn't offer an attractive risk/reward balance.Drew Angerer/Getty Images NewsInvestment ThesisWhen it comes to trade-offs around complex questions such as individual privacy versus collective security, a person will always feel alienated from opinionated dogmatists assertively choosing one side over the other, whether they share the same opinion or not. The reason is that zealots often seem to disregard competing values surrounding such complex questions. In a letter filed to the SEC, Palantir (NYSE:PLTR) CEO states that the data-mining company \"have chosen sides,\" standing by its government clients \"when it is convenient, and when it is not.\" Albeit well-intentioned, PLTR's stance entangled the company in Washington's debates more than would have been necessary, alienating half of the political institution and perhaps the public. I wasn't surprised that Avril Haines, the former deputy director of the CIA, removed references to consulting work with the software vendor from her biography shortly after joining the Biden Campaign, as reported by The Intercept.Mainstream media captures' the public's perception of PLTR's controversial position in the following news headlines and excerpts:Palantir trades: Shares in the controversial data analytics company Palantir Technologies begin trading publicly on Wednesday. Financial Times,Sept 2020Palantir Embraces Controversial US Government Contract Work - Bloomberg,August 2020The U.K. government has ended a controversial data agreement with U.S. tech firm Palantir following criticism from privacy campaigners. CNBC,Sept 2021Palantir, the controversial data company, makes its Wall Street debut. CNN,Sept. 2020Palantir is not a consumer-facing company but its work has generated public protest. Financial Times,December 2019Peter Thiel’s Secretive Data Giant Palantir. WSJ,February 2019This image will have a detrimental effect on the company's plans to become the \"default operating system for the government,\" a stated goal fully incorporated in its share price. For example, PLTR's COVID-19 contract to track vaccine and infection data reignited controversies over its work with the Trump administration on immigration executive orders described as \"cruel\"by human rights organizations,arbitrary, and not justified by The Supreme Court, and controversial in mainstream media (as mentioned above). Its co-founder's outspoken support for Trump and its CEO's libertarian views didn't help either. Several congress members wrote:Naturally, we have valid concerns on whether the existing surveillance framework Palantir has created to track and arrest immigrants will be supplemented by the troves of potentially personal health information contained within the HHS Protect platformThe strong resistance from politicians to give too much power to PLTR despite the COVID crises (letter posted on the Washington Post on July 1, 2020) mirrors the deep-rooted concerns over PLTR's activities and values. I believe that it is reasonable to say that the bigger PLTR gets, the more it will attract public and private scrutiny over its influence, as happened with the COVID contract.PLTR acknowledges that public image and news reports over its operations might harm its shares in SEC disclosures. I don't think management made enough effort to address this issue beyond its lobbying spending. The way PLTR is depicted on mainstream media challenges its ability to maintain government contracts and expand in the commercial sector, harming its valuation. For example, PLTR has consistently traded below peers with similar growth. Moreover, it lacks the safety net available for other companies, presented by M&A prospects. Given the reputational challenges manifested in the news headlines listed above, I doubt that larger tech firms will line up if management deems M&A is a preferred strategic option, touching on the voting power exclusively held by the company's three co-founders.Finally, the inability of PLTR to penetrate the Fortune 500 market after nineteen years of operations mirrors the commercial sector's worries of being associated with PLTR, in the same way, that Avril Haines decided to delete references to her work with the company.CompetitionListening to shareholders' questions, one can't help but sense a distorted image held by some retail investors regarding PLTR's competitive stance. For example, one shareholder compares PLTR's market position to the influence of Microsoft's (MSFT) MS Office. One asked if PLTR has competitors at all? Some think the PLTR products are so unique that they don't have competitors.PLTR faces intense competition, and its products are replaceable. In 2020, the Anti-money Laundering division of The Department of Justice \"DOJ\" replaced PLTR with DataWalk (DAT.WA), a small-cap, Polish software vendor.Many confuse PLTR's rapid growth with product superiority. However, its high growth stems from its relatively low revenue base in a large market. In 2018, PLTR won a verdict against the government that now mandates Federal organizations to consider commercial software before attempting to build their own. This, benefits PLTR, but also many of its peers who have built-in software solutions such as Microsoft'sSynapse, Oracle's (ORCL) Database, Cloudera's (CLDR) Enterprise Data Hub - part of KKR (KKR), Databricks Lakehouse Platform, IBM's (IBM) Netezza Performance Server, Neo4j, and NuoDB - part of Dassault Systèmes (OTCPK:DASTY), to name just a few.PLTR lists several \"strengths\" to investors, most of which center around the design of its product, which, to its credit, offers an agile data analytics platform. The company also demonstrated exemplary execution, emphasizing working with IT departments before complicating implementation by incorporating end-users into the discussions. PLTR also reduced installation time, shrinking the sales life cycle. However, I believe each client has different design preferences, and I don't see PLTR as fundamentally superior to its peers.GrowthAnother sign of the market's failure to assessing PLTR is the market reaction to its EPS miss, which saw its ticker tumble 13% in mid-day trading. Long-term investors should focus on revenue and revenue per share instead of EPS and net income. PLTR's business model is profitable, as seen in its high gross margins, and its operating losses are temporarily resulting from its growth initiatives. If it chooses, the company can quickly become profitable simply by halting its growth initiatives, but this wouldn't be in the interest of long-term investors.For example, R&D expenditure mirror costs related to scaling its platform for its clients, signaling higher future revenue despite short-term pressure on net income. Similarly, Selling and Marketing costs mirror expenses related to pilot programs which also reflect an interest in the company's products.I believe that PLTR will continue to grow in the next five years at a decreasing rate. The company increased sales by $450 million in 2021; $287 million from government contracts awarded in previous periods, while the remaining $162 million is growth in its commercial segment.SEC FilingsThese are solid growth figures, but concerns over management's ability to maintain these rates will continue suppressing the ticker. Management estimates that its revenue will exceed $4 billion in 2025, which translates to 30% annual growth.As mentioned above, I don't believe that PLTR will ever become the default operating system for the government or the commercial sector. A 30% growth rate will translate to a 5% market share in 2026, at which point, more scrutiny over its influence will restrict its growth, similar to what happened when the Trump administration awarded PLTR the COVID-tracing contract.ValuationKKR bought CLDR last year for $5.3 billion. At the time of the Purchase, CLDR TTM revenue was close to PLTR's 2020 revenue of $1 Billion, valuing the company at a 5.3x Price/Sales ratio.Using Price/Sales sheds light on valuation without engaging too much into PLTR's spending on growth initiatives, mirrored in the R&D and Sales accounts. As mentioned above, these expenses are temporary, and given the stickiness of customers and low variable costs, Price/Sales offers a valuable tool for comparable valuation.Applying the Price/Sales of 5.3x on PLTR 2021 annual results yields an $8 billion market cap valuation, much less than the current market cap of $23 billion. This overvaluation is also mirrored in Seeking Alpha Quant Score System, which rates PLTR \"D\" on valuation.Seeking AlphaEven when considering growth, PLTR seems fully valued. Applying a 5.3x Price/Sales ratio on management's 2025 revenue estimates ($4.4 billion) translates to a $23 billion market cap, less than its current value. Thus, in my view, PLTR doesn't offer an attractive risk/reward balance.How I Might be WrongOur thesis rests on the inability of PLTR to achieve the 30% growth target through 2025. However, if PLTR hits this target in the short run, the ticker might rise on investors' optimism, contrary to our expectations.The challenge in assigning a valuation to a particular ticker stem from the variability of price multiples. The growth-to-value rotation demonstrates this concept. Thus, a reverse in investors' appetite for risk poses a risk for our hypothesis.The increased geopolitical risks might increase demand for Gotham. However, this will enhance PLTR's image as a defense contractor, igniting controversies about immigrant child separation decrees during the Trump era.Finally, news headlines that have often presented PLTR as a controversial company might change tone as the software vendor expands in the commercial sector, positively impacting valuation, making this analysis obsolete.SummaryCurrent prices incorporate above-average valuation multiples, mirroring higher growth expectations beyond 2025. Nonetheless, this implies that at some point, PLTR will have a market share above 5% (based on $119 billion TAM) which I believe is the threshold where the company will face increased scrutiny over its influence on the public and private sectors, given the negative media coverage affecting its reputation. For this reason, I maintain a hold rating, noting that while some investors might profit from the stock volatility, I don't see the company offering an attractive risk/reward balance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004860142,"gmtCreate":1642555371058,"gmtModify":1676533722344,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004860142","repostId":"1177032761","repostType":2,"repost":{"id":"1177032761","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":1642546562,"share":"https://www.laohu8.com/m/news/1177032761?lang=&edition=full","pubTime":"2022-01-19 06:56","market":"us","language":"en","title":"Activision Blizzard Stock was up 25.88% as Microsoft is Buying Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1177032761","media":"Tiger Newspress","summary":"Activision Blizzard Stock was up 25.88% as Microsoft is buying company.Microsoft  is in talks to buy","content":"<html><head></head><body><p>Activision Blizzard Stock was up 25.88% as Microsoft is buying company.</p><p><img src=\"https://static.tigerbbs.com/f8d2d4a5aded44cfe382821b1892afbf\" tg-width=\"1123\" tg-height=\"753\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft </a> is in talks to buy <a href=\"https://laohu8.com/S/ATVI\">Activision </a>. The deal, which could be announced as soon as Tuesday, would be worth close to $70 billion.</p><p>Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.</p><p>Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.</p><p>The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.</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>Activision Blizzard Stock was up 25.88% as Microsoft is Buying Company</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\">\nActivision Blizzard Stock was up 25.88% as Microsoft is Buying Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-19 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Activision Blizzard Stock was up 25.88% as Microsoft is buying company.</p><p><img src=\"https://static.tigerbbs.com/f8d2d4a5aded44cfe382821b1892afbf\" tg-width=\"1123\" tg-height=\"753\" referrerpolicy=\"no-referrer\"/></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft </a> is in talks to buy <a href=\"https://laohu8.com/S/ATVI\">Activision </a>. The deal, which could be announced as soon as Tuesday, would be worth close to $70 billion.</p><p>Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.</p><p>Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.</p><p>The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","ATVI":"动视暴雪"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177032761","content_text":"Activision Blizzard Stock was up 25.88% as Microsoft is buying company.Microsoft  is in talks to buy Activision . The deal, which could be announced as soon as Tuesday, would be worth close to $70 billion.Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion, inclusive of Activision Blizzard’s net cash. When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming.The acquisition also bolsters Microsoft’s Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard’s nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982439164,"gmtCreate":1667226690958,"gmtModify":1676537880931,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9982439164","repostId":"1169258680","repostType":4,"repost":{"id":"1169258680","pubTimestamp":1667230136,"share":"https://www.laohu8.com/m/news/1169258680?lang=&edition=full","pubTime":"2022-10-31 23:28","market":"other","language":"en","title":"Will The Fed Push The S&P 500 Over 4000?","url":"https://stock-news.laohu8.com/highlight/detail?id=1169258680","media":"Forbes","summary":"In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during Augu","content":"<html><head></head><body><p>In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during August the expectation is that we now enjoy a bear market rally into the end of this year.</p><p>There are several factors to support this. First positioning is extremely bearish not just in the stock market where hedge funds are holding record short levels of futures but also in the options market where a great number of put option positions have been accumulated.</p><h2>Risk appetite</h2><p>Behind this a number of risk appetite indicators are still in very risk averse territory suggesting that on balance many investors are positioned for bad news. What is interesting here is that the stock market and the bond market have effectively stopped reacting to bad news.</p><p>The earnings season has been a case in point both <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> and Meta or the old Facebook were severely marked down on earnings disappointments as were <a href=\"https://laohu8.com/S/GOOG\">Google</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> during last week&#39;s critical week for tech earnings but the broad market index rallied, in particular the Dow Jones index was very strong.</p><p>This suggests that the stock market is moving on from some of the concerns it had earlier this year, also with inflation still high there are signs that bond yields are coming in from the extreme high levels of the past couple of weeks - the 10 year bond is now close to the 4% level, a level that&#39;s still painful for stocks, but it has arguably hit a recent high.</p><h2>Earnings</h2><p>Importantly the dollar has softened and in many cases this year currency markets have prefigured stress across other asset classes so the case is building for a bear market rally into the end of the year. Seasonally also November December tend to be quite a strong periods for the stock market particularly in the case of bull markets - which however this is not.</p><p>There&#39;s a number of other factors to consider this week we have the Fed meeting there were expectations of a Fed pivot or even a pause that they&#39;ll do a 50 basis point rise in interest rates and then stop and watch as the data comes in and a lot of cyclical data has been softening suggesting that the economy is beginning to slow and the Fed can expect this to have a downward pressure on consumer and service prices.</p><p>In terms of market action the most likely factor is that volatility comes down for the time being and this will hurt a lot of people playing in the options market - a lot of people who&#39;ve hedged and in turn it may have a technical upward pressure on the stock market and it would be no surprise for me to see the S&amp;P index trade up to and maybe a little bit beyond the 4000 level.</p><p>What does worry me looking out over the next six months is that in the context of a lot of geopolitical stress and growing damage to economy - not just in Europe where Germany is suffering but many emerging markets from Turkey to some across Asia Latin America the housing market in the US is that in the beginning of next year we go into a form of a credit crisis where huge levels of accumulated debt on country balance sheets company balance sheets and consumer balance sheets are troubled by the catalyst of high inflation and high interest rates and this in its own way produces a deeper economic and financial crisis and then we get some real volatility.</p></body></html>","source":"fors","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>Will The Fed Push The S&P 500 Over 4000?</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\">\nWill The Fed Push The S&P 500 Over 4000?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-31 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/mikeosullivan/2022/10/30/will-the-fed-push-the-sp-500-over-4000/?sh=3e8a160c1de3><strong>Forbes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during ...</p>\n\n<a href=\"https://www.forbes.com/sites/mikeosullivan/2022/10/30/will-the-fed-push-the-sp-500-over-4000/?sh=3e8a160c1de3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.forbes.com/sites/mikeosullivan/2022/10/30/will-the-fed-push-the-sp-500-over-4000/?sh=3e8a160c1de3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169258680","content_text":"In the past three weeks the stock market has rallied from recent lows, in the context of extreme bearish sentiment. Not unlike the rallies we saw at the beginning of the second quarter and during August the expectation is that we now enjoy a bear market rally into the end of this year.There are several factors to support this. First positioning is extremely bearish not just in the stock market where hedge funds are holding record short levels of futures but also in the options market where a great number of put option positions have been accumulated.Risk appetiteBehind this a number of risk appetite indicators are still in very risk averse territory suggesting that on balance many investors are positioned for bad news. What is interesting here is that the stock market and the bond market have effectively stopped reacting to bad news.The earnings season has been a case in point both Amazon and Meta or the old Facebook were severely marked down on earnings disappointments as were Google and Microsoft during last week's critical week for tech earnings but the broad market index rallied, in particular the Dow Jones index was very strong.This suggests that the stock market is moving on from some of the concerns it had earlier this year, also with inflation still high there are signs that bond yields are coming in from the extreme high levels of the past couple of weeks - the 10 year bond is now close to the 4% level, a level that's still painful for stocks, but it has arguably hit a recent high.EarningsImportantly the dollar has softened and in many cases this year currency markets have prefigured stress across other asset classes so the case is building for a bear market rally into the end of the year. Seasonally also November December tend to be quite a strong periods for the stock market particularly in the case of bull markets - which however this is not.There's a number of other factors to consider this week we have the Fed meeting there were expectations of a Fed pivot or even a pause that they'll do a 50 basis point rise in interest rates and then stop and watch as the data comes in and a lot of cyclical data has been softening suggesting that the economy is beginning to slow and the Fed can expect this to have a downward pressure on consumer and service prices.In terms of market action the most likely factor is that volatility comes down for the time being and this will hurt a lot of people playing in the options market - a lot of people who've hedged and in turn it may have a technical upward pressure on the stock market and it would be no surprise for me to see the S&P index trade up to and maybe a little bit beyond the 4000 level.What does worry me looking out over the next six months is that in the context of a lot of geopolitical stress and growing damage to economy - not just in Europe where Germany is suffering but many emerging markets from Turkey to some across Asia Latin America the housing market in the US is that in the beginning of next year we go into a form of a credit crisis where huge levels of accumulated debt on country balance sheets company balance sheets and consumer balance sheets are troubled by the catalyst of high inflation and high interest rates and this in its own way produces a deeper economic and financial crisis and then we get some real volatility.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981248767,"gmtCreate":1666534367159,"gmtModify":1676537766209,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9981248767","repostId":"1181153106","repostType":4,"repost":{"id":"1181153106","pubTimestamp":1666488714,"share":"https://www.laohu8.com/m/news/1181153106?lang=&edition=full","pubTime":"2022-10-23 09:31","market":"other","language":"en","title":"Short Interest in Top Performing Energy Sector Rises to Highest Since 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=1181153106","media":"Seeking Alpha","summary":"Short interest in U.S. energy stocks, this year's best performing stock sector, has climbed to 3.9%,","content":"<html><head></head><body><p>Short interest in U.S. energy stocks, this year&#39;s best performing stock sector, has climbed to 3.9%, the highest level since October 2020, The Wall Street Journal reported this week, citing S&amp;P Global Market Intelligence.</p><p>In comparison, the average short interest across the entire S&amp;P 500 sits at 2%, according to the report.</p><p>Even after giving up some of its gains, the S&amp;P 500 energy sector is up 53% YTD, compared with a 22% loss for the S&amp;P 500 and a stark reversal after years of weakness - and some traders believe that kind of outperformance cannot last.</p><p>The group&#39;s naysayers note the oil price has dropped well below YTD highs, and with the world likely headed for a recession, demand for oil tends to wane when business activity slows down.</p><p>(NYSEARCA:XLE), (XOP), (VDE), (OIH), (CRAK), (DRIP), (GUSH)</p><p>But many on Wall Street believe energy stocks have more room to run, including Goldman Sachs, which forecasts Brent crude will climb to $115/bbl over the next six months, and the performance of energy stocks typically has been closely correlated with the price of oil.</p><p>Goldman says energy stocks historically have been the biggest outperformers in the market when economic growth has been below average and inflation has been higher than expected.</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>Short Interest in Top Performing Energy Sector Rises to Highest Since 2020</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\">\nShort Interest in Top Performing Energy Sector Rises to Highest Since 2020\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-23 09:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3893531-short-interest-in-top-performing-energy-sector-rises-to-highest-since-2020><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Short interest in U.S. energy stocks, this year's best performing stock sector, has climbed to 3.9%, the highest level since October 2020, The Wall Street Journal reported this week, citing S&P Global...</p>\n\n<a href=\"https://seekingalpha.com/news/3893531-short-interest-in-top-performing-energy-sector-rises-to-highest-since-2020\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OIH":"石油服务ETF","XOP":"油气开采指数ETF-SPDR S&P"},"source_url":"https://seekingalpha.com/news/3893531-short-interest-in-top-performing-energy-sector-rises-to-highest-since-2020","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181153106","content_text":"Short interest in U.S. energy stocks, this year's best performing stock sector, has climbed to 3.9%, the highest level since October 2020, The Wall Street Journal reported this week, citing S&P Global Market Intelligence.In comparison, the average short interest across the entire S&P 500 sits at 2%, according to the report.Even after giving up some of its gains, the S&P 500 energy sector is up 53% YTD, compared with a 22% loss for the S&P 500 and a stark reversal after years of weakness - and some traders believe that kind of outperformance cannot last.The group's naysayers note the oil price has dropped well below YTD highs, and with the world likely headed for a recession, demand for oil tends to wane when business activity slows down.(NYSEARCA:XLE), (XOP), (VDE), (OIH), (CRAK), (DRIP), (GUSH)But many on Wall Street believe energy stocks have more room to run, including Goldman Sachs, which forecasts Brent crude will climb to $115/bbl over the next six months, and the performance of energy stocks typically has been closely correlated with the price of oil.Goldman says energy stocks historically have been the biggest outperformers in the market when economic growth has been below average and inflation has been higher than expected.","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915707111,"gmtCreate":1665105257933,"gmtModify":1676537557905,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9915707111","repostId":"2273380106","repostType":4,"repost":{"id":"2273380106","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":1665097319,"share":"https://www.laohu8.com/m/news/2273380106?lang=&edition=full","pubTime":"2022-10-07 07:01","market":"us","language":"en","title":"US STOCKS-Wall Street Closes Lower As the Fed Pounds Rate Hike Drum","url":"https://stock-news.laohu8.com/highlight/detail?id=2273380106","media":"Reuters","summary":"Oil prices add to inflation woes post-OPEC+ output cutU.S. weekly jobless claims increase more than expectedIndexes fall: Dow down 1.15%, S&P 1.02%, Nasdaq 0.68%Wall Street's major indexes closed lowe","content":"<html><head></head><body><ul><li>Oil prices add to inflation woes post-OPEC+ output cut</li><li>U.S. weekly jobless claims increase more than expected</li><li>Indexes fall: Dow down 1.15%, S&amp;P 1.02%, Nasdaq 0.68%</li></ul><p>Wall Street&#39;s major indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payrolls numbers due on Friday that the Federal Reserve&#39;s aggressive interest rate stance will lead to a recession.</p><p>Markets briefly took comfort from data that showed weekly jobless claims rose by the most in four months last week, raising a glimmer of hope the Fed could ease the implementation since March of the fastest and highest jump in rates in decades.</p><p>The equity market has been slow to acknowledge a consistent message from Fed officials that rates will go higher for longer until the pace of inflation is clearly slowing.</p><p>Chicago Fed President Charles Evans was the latest to spell out the central bank&#39;s outlook on Thursday, saying policymakers expect to deliver 125 basis points of rate hikes before year&#39;s end as inflation readings have been disappointing.</p><p>&#34;The market has been slowly getting the Fed&#39;s message,&#34; said Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia.</p><p>&#34;There&#39;s a likelihood that the Fed with further rate hikes pushes the economy into a recession in order to bring inflation down,&#34; Pride said. &#34;We don&#39;t think the markets have fully picked up on this.&#34;</p><p>Pride sees a mild recession, but in the average recession there has been a 15% decline in earnings, suggesting the market could fall further. The S&amp;P 500 has declined 22% from its peak on Jan. 3.</p><p>Despite the day&#39;s decline, the three major indexes were poised to post a weekly gain after the sharp rally on Monday and Tuesday.</p><p>The labor market remains tight even as demand begins to cool amid higher rates. On Friday the nonfarm payrolls report on employment in September will help investors gauge whether the Fed alters its aggressive rate-hiking plans.</p><p>Money markets are pricing in an almost 86% chance of a fourth straight 75 basis-point rate hike when policymakers meet on Nov. 1-2.</p><p>To be clear, not everyone foresees a hard landing.</p><p>Dave Sekera, chief U.S. market strategist at Morningstar Inc , said growth will remain sluggish for the foreseeable future and likely will not start to reaccelerate until the second half of 2023, but he does not see a sharp downturn.</p><p>&#34;We&#39;re not forecasting a recession,&#34; Sekera said. &#34;The markets are looking for clarity as to when they think economic activity will reaccelerate and make that sustained rebound.</p><p>&#34;They&#39;re also looking for strong evidence that inflation will begin to really trend down, moving back towards the Fed&#39;s 2% target,&#34; he said.</p><p>Ten of the 11 major S&amp;P 500 sectors fell, led by a 3.3% decline in real estate. Other indices also fell, including semiconductors, small caps and Dow transports. Growth shares fell 0.76%, while value dropped 1.18%.</p><p>Energy was the sole gainer, rising 1.8%.</p><p>Oil prices rose, holding at three-week highs after the Organization of the Petroleum Exporting Countries plus its allies agreed to cut production targets by 2 million barrels per day (bpd), the largest reduction since 2020.</p><p>The Dow Jones Industrial Average fell 346.93 points, or 1.15%, to 29,926.94, the S&amp;P 500 lost 38.76 points, or 1.02%, to 3,744.52 and the Nasdaq Composite dropped 75.33 points, or 0.68%, to 11,073.31.</p><p>Tesla Inc fell 1.1% as Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk&#39;s $44 billion Twitter deal, are no longer in talks with the billionaire.</p><p>Alphabet Inc closed basically flat after the launch of Google&#39;s new phones and its first smart watch.</p><p>Volume on U.S. exchanges was 10.57 billion shares, compared with the 11.67 billion average for the full session over the past 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.32-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted three new 52-week highs and 31 new lows; the Nasdaq Composite recorded 46 new highs and 118 new lows.</p><p><img src=\"https://static.tigerbbs.com/f19641e59325b2e46cc65fd6f210da36\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Closes Lower As the Fed Pounds Rate Hike Drum</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Closes Lower As the Fed Pounds Rate Hike Drum\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-07 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Oil prices add to inflation woes post-OPEC+ output cut</li><li>U.S. weekly jobless claims increase more than expected</li><li>Indexes fall: Dow down 1.15%, S&amp;P 1.02%, Nasdaq 0.68%</li></ul><p>Wall Street&#39;s major indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payrolls numbers due on Friday that the Federal Reserve&#39;s aggressive interest rate stance will lead to a recession.</p><p>Markets briefly took comfort from data that showed weekly jobless claims rose by the most in four months last week, raising a glimmer of hope the Fed could ease the implementation since March of the fastest and highest jump in rates in decades.</p><p>The equity market has been slow to acknowledge a consistent message from Fed officials that rates will go higher for longer until the pace of inflation is clearly slowing.</p><p>Chicago Fed President Charles Evans was the latest to spell out the central bank&#39;s outlook on Thursday, saying policymakers expect to deliver 125 basis points of rate hikes before year&#39;s end as inflation readings have been disappointing.</p><p>&#34;The market has been slowly getting the Fed&#39;s message,&#34; said Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia.</p><p>&#34;There&#39;s a likelihood that the Fed with further rate hikes pushes the economy into a recession in order to bring inflation down,&#34; Pride said. &#34;We don&#39;t think the markets have fully picked up on this.&#34;</p><p>Pride sees a mild recession, but in the average recession there has been a 15% decline in earnings, suggesting the market could fall further. The S&amp;P 500 has declined 22% from its peak on Jan. 3.</p><p>Despite the day&#39;s decline, the three major indexes were poised to post a weekly gain after the sharp rally on Monday and Tuesday.</p><p>The labor market remains tight even as demand begins to cool amid higher rates. On Friday the nonfarm payrolls report on employment in September will help investors gauge whether the Fed alters its aggressive rate-hiking plans.</p><p>Money markets are pricing in an almost 86% chance of a fourth straight 75 basis-point rate hike when policymakers meet on Nov. 1-2.</p><p>To be clear, not everyone foresees a hard landing.</p><p>Dave Sekera, chief U.S. market strategist at Morningstar Inc , said growth will remain sluggish for the foreseeable future and likely will not start to reaccelerate until the second half of 2023, but he does not see a sharp downturn.</p><p>&#34;We&#39;re not forecasting a recession,&#34; Sekera said. &#34;The markets are looking for clarity as to when they think economic activity will reaccelerate and make that sustained rebound.</p><p>&#34;They&#39;re also looking for strong evidence that inflation will begin to really trend down, moving back towards the Fed&#39;s 2% target,&#34; he said.</p><p>Ten of the 11 major S&amp;P 500 sectors fell, led by a 3.3% decline in real estate. Other indices also fell, including semiconductors, small caps and Dow transports. Growth shares fell 0.76%, while value dropped 1.18%.</p><p>Energy was the sole gainer, rising 1.8%.</p><p>Oil prices rose, holding at three-week highs after the Organization of the Petroleum Exporting Countries plus its allies agreed to cut production targets by 2 million barrels per day (bpd), the largest reduction since 2020.</p><p>The Dow Jones Industrial Average fell 346.93 points, or 1.15%, to 29,926.94, the S&amp;P 500 lost 38.76 points, or 1.02%, to 3,744.52 and the Nasdaq Composite dropped 75.33 points, or 0.68%, to 11,073.31.</p><p>Tesla Inc fell 1.1% as Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk&#39;s $44 billion Twitter deal, are no longer in talks with the billionaire.</p><p>Alphabet Inc closed basically flat after the launch of Google&#39;s new phones and its first smart watch.</p><p>Volume on U.S. exchanges was 10.57 billion shares, compared with the 11.67 billion average for the full session over the past 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 2.32-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted three new 52-week highs and 31 new lows; the Nasdaq Composite recorded 46 new highs and 118 new lows.</p><p><img src=\"https://static.tigerbbs.com/f19641e59325b2e46cc65fd6f210da36\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273380106","content_text":"Oil prices add to inflation woes post-OPEC+ output cutU.S. weekly jobless claims increase more than expectedIndexes fall: Dow down 1.15%, S&P 1.02%, Nasdaq 0.68%Wall Street's major indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payrolls numbers due on Friday that the Federal Reserve's aggressive interest rate stance will lead to a recession.Markets briefly took comfort from data that showed weekly jobless claims rose by the most in four months last week, raising a glimmer of hope the Fed could ease the implementation since March of the fastest and highest jump in rates in decades.The equity market has been slow to acknowledge a consistent message from Fed officials that rates will go higher for longer until the pace of inflation is clearly slowing.Chicago Fed President Charles Evans was the latest to spell out the central bank's outlook on Thursday, saying policymakers expect to deliver 125 basis points of rate hikes before year's end as inflation readings have been disappointing.\"The market has been slowly getting the Fed's message,\" said Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia.\"There's a likelihood that the Fed with further rate hikes pushes the economy into a recession in order to bring inflation down,\" Pride said. \"We don't think the markets have fully picked up on this.\"Pride sees a mild recession, but in the average recession there has been a 15% decline in earnings, suggesting the market could fall further. The S&P 500 has declined 22% from its peak on Jan. 3.Despite the day's decline, the three major indexes were poised to post a weekly gain after the sharp rally on Monday and Tuesday.The labor market remains tight even as demand begins to cool amid higher rates. On Friday the nonfarm payrolls report on employment in September will help investors gauge whether the Fed alters its aggressive rate-hiking plans.Money markets are pricing in an almost 86% chance of a fourth straight 75 basis-point rate hike when policymakers meet on Nov. 1-2.To be clear, not everyone foresees a hard landing.Dave Sekera, chief U.S. market strategist at Morningstar Inc , said growth will remain sluggish for the foreseeable future and likely will not start to reaccelerate until the second half of 2023, but he does not see a sharp downturn.\"We're not forecasting a recession,\" Sekera said. \"The markets are looking for clarity as to when they think economic activity will reaccelerate and make that sustained rebound.\"They're also looking for strong evidence that inflation will begin to really trend down, moving back towards the Fed's 2% target,\" he said.Ten of the 11 major S&P 500 sectors fell, led by a 3.3% decline in real estate. Other indices also fell, including semiconductors, small caps and Dow transports. Growth shares fell 0.76%, while value dropped 1.18%.Energy was the sole gainer, rising 1.8%.Oil prices rose, holding at three-week highs after the Organization of the Petroleum Exporting Countries plus its allies agreed to cut production targets by 2 million barrels per day (bpd), the largest reduction since 2020.The Dow Jones Industrial Average fell 346.93 points, or 1.15%, to 29,926.94, the S&P 500 lost 38.76 points, or 1.02%, to 3,744.52 and the Nasdaq Composite dropped 75.33 points, or 0.68%, to 11,073.31.Tesla Inc fell 1.1% as Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk's $44 billion Twitter deal, are no longer in talks with the billionaire.Alphabet Inc closed basically flat after the launch of Google's new phones and its first smart watch.Volume on U.S. exchanges was 10.57 billion shares, compared with the 11.67 billion average for the full session over the past 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 2.32-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.The S&P 500 posted three new 52-week highs and 31 new lows; the Nasdaq Composite recorded 46 new highs and 118 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912122375,"gmtCreate":1664775395498,"gmtModify":1676537506645,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9912122375","repostId":"2272569015","repostType":4,"repost":{"id":"2272569015","pubTimestamp":1664774782,"share":"https://www.laohu8.com/m/news/2272569015?lang=&edition=full","pubTime":"2022-10-03 13:26","market":"us","language":"en","title":"Global Stocks Pin Hopes of Year-End Rally on Earnings Resilience","url":"https://stock-news.laohu8.com/highlight/detail?id=2272569015","media":"Bloomberg","summary":"Some bad news is already priced in heading into results seasonExtreme investor pessimism could also ","content":"<html><head></head><body><ul><li>Some bad news is already priced in heading into results season</li><li>Extreme investor pessimism could also spark a contrarian rally</li></ul><p>Investors are primed for any bit of good news to help them forget a brutal quarter for stocks that took this year’s value destruction to $24 trillion. A resilient corporate earnings season might give them that.</p><p>The MSCI All-Country World Index just wrapped up its third straight quarter of declines, the first time that’s happened since the global financial crisis in 2008.</p><p>The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth. Alongside that, analysts have slashed profit estimates, and a chorus of US and European companies -- including car giant Ford Motor Co. -- has issued early warnings about third-quarter results.</p><p>But one view is that this could set firms a lower bar to clear, and fuel a much-needed recovery in stocks that are currently at levels last seen nearly two years ago.</p><p><img src=\"https://static.tigerbbs.com/5dc27d896dfbdd6ddf03104eaff2e691\" tg-width=\"729\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>“Investors have to ask themselves how much of the bad news has already been priced in,” said Ron Saba, senior portfolio manager at Horizon Investments LLC. “Given extreme pessimism combined with reasonable valuations, the fourth quarter could give investors an opportunity to claw back some of their losses.”</p><p>History is an imperfect guide, but past stock performance bodes well for the quarter. The S&amp;P 500 gained an average 4.1% in the final quarter during the past 20 years, while the MSCI has posted a fourth-quarter decline only three times over that period.</p><p>That’s not to say companies will get through the season with glowing report cards. There’s still plenty of hurdles that could cement 2022’s reputation as a year to forget.</p><p>For one, the era of higher costs is making it difficult to defend profitability. Firms also face tighter monetary policy from the Federal Reserve, the Bank of England and others as central banks keep a laser focus on taming inflation. On top of that, there’s the war in Ukraine, a severe energy crisis in Europe, and economically damaging Covid restrictions in China.</p><p>Dollar Effect</p><p>US companies with a large international exposure are at risk from a stronger dollar, as underscored by Nike Inc.’s disappointing earnings report on Thursday.</p><p>European and UK importers, on the other hand, are dealing with much weaker currencies. UK conglomerate Associated British Foods Plc and Swedish fashion retailer Hennes &amp; Mauritz AB both blamed the greenback for a bleaker profit outlook.</p><p>But the scale of recent analyst downgrades, as well as the market reaction to the early announcers, suggest that “some disappointments are already expected and possibly even priced in to some extent,” said Esty Dwek, chief investment officer at Flowbank SA.</p><p>FedEx Corp.’s withdrawal of its full-year guidance last month sparked the biggest selloff in its shares in more than four decades. Used-car dealer CarMax Inc. sank 25% after a glum quarterly report.</p><p>A Citigroup Inc. index shows US earnings downgrades have consistently outnumbered upgrades since early June, while global 12-month forward earnings have been revised down every month in the last quarter. Both the S&amp;P 500 and Stoxx 600 are in bear markets -- defined as a drop of 20% or more from recent highs.</p><p><img src=\"https://static.tigerbbs.com/f3a26a873f70b1f88972810e33e3c24d\" tg-width=\"698\" tg-height=\"392\" referrerpolicy=\"no-referrer\"/></p><p>The big question in the lead-up to the next earnings season is whether this will be enough. Strategists at Goldman Sachs Group Inc. and BlackRock Inc. have warned that estimates are still too high and that “we’re going to see pretty substantial reductions for 2023.”</p><p>Yet, others see reason to believe earnings can hold up for a while longer.</p><p>“Just looking at the resilience of the US economy, there’s little to suggest that earnings would be struggling at this stage,” said Seema Shah, chief strategist at Principal Global Investors. “We’re looking out for the guidance, mentions of margin concerns, wage costs, etc. but we wouldn’t expect that to show through at least until about the first quarter of next year.”</p><p>Bloomberg Intelligence analysts expect S&amp;P 500 earnings to have risen 2.9% in the quarter, helped mainly by the energy sector. Gina Martin Adams, BI chief equity strategist, said the absence of “economic excesses” -- such as the indebtedness seen before the 2008 recession -- could insulate US demand from a severe decline.</p><p><img src=\"https://static.tigerbbs.com/24c15f14f70c8ec2cf41e50532849ae8\" tg-width=\"748\" tg-height=\"509\" referrerpolicy=\"no-referrer\"/>And while European importers are smarting from a weaker euro, exporters are benefiting. French pharmaceutical giant Sanofi said it expects a positive currency impact of about 10% in the quarter.</p><p>“Health care is the best sector in Europe when the dollar is rising,” said Manish Kabra, head of US equity strategy at Societe Generale SA. “A very simple trade but it always works.”</p><p>Even Morgan Stanley’s Michael J. Wilson -- a stalwart equity bear -- said US stocks are in the “final stages” of a bear market and could stage a rally near term. True to form, however, he expects the selloff to resume thereafter.</p><p>The decidedly negative investor mood could also prove to be a contrarian indicator of a short-term bounce for stocks.</p><p>Sanford C. Bernstein strategists say their custom sentiment gauge has triggered a buy signal, meaning a “bear market rally is very possible.”</p><p><img src=\"https://static.tigerbbs.com/fec909da0108831a62562e40a240e7ef\" tg-width=\"698\" tg-height=\"392\" referrerpolicy=\"no-referrer\"/>Some technical levels suggest markets are lining up for a recovery into the end of the year. The relative strength indexes for the S&amp;P 500 and the Stoxx 600 are at “oversold” levels. That’s marked a short-term bottom in the past.</p><p>“We have historically terrible sentiment, stocks are looking notably cheap, the VIX is spiking and the market is being indiscriminately sold,” said Sylvia Jablonski, chief investment officer at Defiance ETFs. Combined with seasonal tailwinds, all those factors “could lead to a year-end rally,” she said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Stocks Pin Hopes of Year-End Rally on Earnings Resilience</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\">\nGlobal Stocks Pin Hopes of Year-End Rally on Earnings Resilience\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-02/global-stocks-pin-hopes-of-year-end-rally-on-earnings-resilience><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some bad news is already priced in heading into results seasonExtreme investor pessimism could also spark a contrarian rallyInvestors are primed for any bit of good news to help them forget a brutal ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-02/global-stocks-pin-hopes-of-year-end-rally-on-earnings-resilience\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-02/global-stocks-pin-hopes-of-year-end-rally-on-earnings-resilience","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272569015","content_text":"Some bad news is already priced in heading into results seasonExtreme investor pessimism could also spark a contrarian rallyInvestors are primed for any bit of good news to help them forget a brutal quarter for stocks that took this year’s value destruction to $24 trillion. A resilient corporate earnings season might give them that.The MSCI All-Country World Index just wrapped up its third straight quarter of declines, the first time that’s happened since the global financial crisis in 2008.The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth. Alongside that, analysts have slashed profit estimates, and a chorus of US and European companies -- including car giant Ford Motor Co. -- has issued early warnings about third-quarter results.But one view is that this could set firms a lower bar to clear, and fuel a much-needed recovery in stocks that are currently at levels last seen nearly two years ago.“Investors have to ask themselves how much of the bad news has already been priced in,” said Ron Saba, senior portfolio manager at Horizon Investments LLC. “Given extreme pessimism combined with reasonable valuations, the fourth quarter could give investors an opportunity to claw back some of their losses.”History is an imperfect guide, but past stock performance bodes well for the quarter. The S&P 500 gained an average 4.1% in the final quarter during the past 20 years, while the MSCI has posted a fourth-quarter decline only three times over that period.That’s not to say companies will get through the season with glowing report cards. There’s still plenty of hurdles that could cement 2022’s reputation as a year to forget.For one, the era of higher costs is making it difficult to defend profitability. Firms also face tighter monetary policy from the Federal Reserve, the Bank of England and others as central banks keep a laser focus on taming inflation. On top of that, there’s the war in Ukraine, a severe energy crisis in Europe, and economically damaging Covid restrictions in China.Dollar EffectUS companies with a large international exposure are at risk from a stronger dollar, as underscored by Nike Inc.’s disappointing earnings report on Thursday.European and UK importers, on the other hand, are dealing with much weaker currencies. UK conglomerate Associated British Foods Plc and Swedish fashion retailer Hennes & Mauritz AB both blamed the greenback for a bleaker profit outlook.But the scale of recent analyst downgrades, as well as the market reaction to the early announcers, suggest that “some disappointments are already expected and possibly even priced in to some extent,” said Esty Dwek, chief investment officer at Flowbank SA.FedEx Corp.’s withdrawal of its full-year guidance last month sparked the biggest selloff in its shares in more than four decades. Used-car dealer CarMax Inc. sank 25% after a glum quarterly report.A Citigroup Inc. index shows US earnings downgrades have consistently outnumbered upgrades since early June, while global 12-month forward earnings have been revised down every month in the last quarter. Both the S&P 500 and Stoxx 600 are in bear markets -- defined as a drop of 20% or more from recent highs.The big question in the lead-up to the next earnings season is whether this will be enough. Strategists at Goldman Sachs Group Inc. and BlackRock Inc. have warned that estimates are still too high and that “we’re going to see pretty substantial reductions for 2023.”Yet, others see reason to believe earnings can hold up for a while longer.“Just looking at the resilience of the US economy, there’s little to suggest that earnings would be struggling at this stage,” said Seema Shah, chief strategist at Principal Global Investors. “We’re looking out for the guidance, mentions of margin concerns, wage costs, etc. but we wouldn’t expect that to show through at least until about the first quarter of next year.”Bloomberg Intelligence analysts expect S&P 500 earnings to have risen 2.9% in the quarter, helped mainly by the energy sector. Gina Martin Adams, BI chief equity strategist, said the absence of “economic excesses” -- such as the indebtedness seen before the 2008 recession -- could insulate US demand from a severe decline.And while European importers are smarting from a weaker euro, exporters are benefiting. French pharmaceutical giant Sanofi said it expects a positive currency impact of about 10% in the quarter.“Health care is the best sector in Europe when the dollar is rising,” said Manish Kabra, head of US equity strategy at Societe Generale SA. “A very simple trade but it always works.”Even Morgan Stanley’s Michael J. Wilson -- a stalwart equity bear -- said US stocks are in the “final stages” of a bear market and could stage a rally near term. True to form, however, he expects the selloff to resume thereafter.The decidedly negative investor mood could also prove to be a contrarian indicator of a short-term bounce for stocks.Sanford C. Bernstein strategists say their custom sentiment gauge has triggered a buy signal, meaning a “bear market rally is very possible.”Some technical levels suggest markets are lining up for a recovery into the end of the year. The relative strength indexes for the S&P 500 and the Stoxx 600 are at “oversold” levels. That’s marked a short-term bottom in the past.“We have historically terrible sentiment, stocks are looking notably cheap, the VIX is spiking and the market is being indiscriminately sold,” said Sylvia Jablonski, chief investment officer at Defiance ETFs. Combined with seasonal tailwinds, all those factors “could lead to a year-end rally,” she said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}