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2021-06-30

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2021-07-01

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The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.

2021-07-01

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S&P 500 notches fifth straight record closing high, fifth straight quarterly gain

2021-07-01

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Is Tesla's Current Price Sustainable With The Upcoming Rate Hikes?

2021-06-29

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2021-06-29

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2021-07-01

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滴滴正式登陆纽交所，开盘报价18美元

2021-07-01

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Krispy Kreme Is Guide IPO Pricing Below Marketed Range

2021-06-29

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Is NVIDIA Stock a Buy Ahead of Its Stock Split?

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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\">\n滴滴正式登陆纽交所，开盘报价18美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-07-01 00:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>北京时间6月30日，滴滴正式在纽交所挂牌上市，上市首日开盘价报18美元，较IPO发行定价14美元上涨约28%。股票代码为 \"DIDI\"。高盛、摩根士丹利、摩根大通、华兴资本担任承销商。滴滴这次IPO的承销商名单中还有多家中资机构，包括中金、中银国际、交银国际、建银国际、招银国际、工银国际和国泰君安国际等。</p>\n<p>本次IPO中，滴滴发行价定为14美元，位于13-14美元/ ADS的发行区间上限。滴滴发行3.17亿股ADS，比原计划的2.88亿股多10%。以14美元的发行价计算，滴滴此次至少募资44亿美元。</p>\n<p>对于此次募资的用途，滴滴在招股书中披露计划将约30%的募资金额用于扩大中国以外国际市场的业务；约30%的募资金额用于提升包括共享出行、电动汽车和自动驾驶在内的技术能力；约20%用于推出新产品和拓展现有产品品类以持续提升用户体验；剩余部分可能用于营运资金需求和潜在的战略投资等。</p>\n<p>以发行价计算，滴滴IPO的估值超过670亿美元。而据知情人士透露，滴滴完全稀释后的估值(通常包括限制性股票单位)可能超过700亿美元。</p>\n<p>有接近滴滴知情人士透露，自递交招股书以来，滴滴已获得10倍超额认购，即获得超过400亿美元订单，提前超额完成原计划40亿美元的募资目标。</p>\n<p>富时罗素此前发布报告称，如果滴滴美股ADS首日上市收盘满足相关门槛，将有望被快速纳入富时罗素全球股票指数系列。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195295547","content_text":"北京时间6月30日，滴滴正式在纽交所挂牌上市，上市首日开盘价报18美元，较IPO发行定价14美元上涨约28%。股票代码为 \"DIDI\"。高盛、摩根士丹利、摩根大通、华兴资本担任承销商。滴滴这次IPO的承销商名单中还有多家中资机构，包括中金、中银国际、交银国际、建银国际、招银国际、工银国际和国泰君安国际等。\n本次IPO中，滴滴发行价定为14美元，位于13-14美元/ ADS的发行区间上限。滴滴发行3.17亿股ADS，比原计划的2.88亿股多10%。以14美元的发行价计算，滴滴此次至少募资44亿美元。\n对于此次募资的用途，滴滴在招股书中披露计划将约30%的募资金额用于扩大中国以外国际市场的业务；约30%的募资金额用于提升包括共享出行、电动汽车和自动驾驶在内的技术能力；约20%用于推出新产品和拓展现有产品品类以持续提升用户体验；剩余部分可能用于营运资金需求和潜在的战略投资等。\n以发行价计算，滴滴IPO的估值超过670亿美元。而据知情人士透露，滴滴完全稀释后的估值(通常包括限制性股票单位)可能超过700亿美元。\n有接近滴滴知情人士透露，自递交招股书以来，滴滴已获得10倍超额认购，即获得超过400亿美元订单，提前超额完成原计划40亿美元的募资目标。\n富时罗素此前发布报告称，如果滴滴美股ADS首日上市收盘满足相关门槛，将有望被快速纳入富时罗素全球股票指数系列。","news_type":1},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158345375,"gmtCreate":1625132330197,"gmtModify":1703736787409,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158345375","repostId":"1114899216","repostType":4,"repost":{"id":"1114899216","kind":"news","pubTimestamp":1625127358,"share":"https://ttm.financial/m/news/1114899216?lang=&edition=fundamental","pubTime":"2021-07-01 16:15","market":"us","language":"en","title":"Krispy Kreme Is Guide IPO Pricing Below Marketed Range","url":"https://stock-news.laohu8.com/highlight/detail?id=1114899216","media":"Bloomberg","summary":"Krispy Kreme, Inc. is guiding investors that the company could price its U.S. initial public offerin","content":"<p><b><a href=\"https://laohu8.com/S/DNUT\">Krispy Kreme, Inc.</a></b> is guiding investors that the company could price its U.S. initial public offering below a marketed range, according to people with knowledge of the matter.</p>\n<p>The company had planned to raise as much as $640 million selling almost 27 million shares at $21 to $24 apiece, according to a filing with the U.S. Securities and Exchange Commission. At the top end of that range, the company would have a market value of $3.86 billion, based on the outstanding shares listed in the prospectus.</p>\n<p>The doughnut chain is planning to price its IPO shares Wednesday, with trading set to begin Thursday.</p>\n<p>A representative for Krispy Kreme declined to comment.</p>\n<p>The debut comes during one of the busiest weeks on record for U.S. IPOs, with $13.6 billion of shares either already trading, or expected to begin trading, including listings by special purpose acquisition companies. Shares of Chinese ride-hailing company Didi Global Inc. rose as much as 29% in its Wednesday debut after raising $4.4 billion in an upsized transaction.</p>\n<p>Owned by food- and consumer-goods focused investment firmJAB Holdings BV, Krispy Kreme plans to use proceeds from the IPO to pay down debt and buy back shares from certain executives, as well as for general corporate purposes, according to the listing documents. JAB will continue to own almost 78% of the company’s shares after the IPO.</p>\n<p>The offering is being led byJPMorgan Chase &amp; Co.,Morgan Stanley, Bank of America Corp. and Citigroup Inc. Krispy Kreme plans to list on the Nasdaq Global Select Market under the symbol DNUT.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Krispy Kreme Is Guide IPO Pricing Below Marketed Range</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\">\nKrispy Kreme Is Guide IPO Pricing Below Marketed Range\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/krispy-kreme-is-said-to-guide-ipo-pricing-below-marketed-range><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Krispy Kreme, Inc. is guiding investors that the company could price its U.S. initial public offering below a marketed range, according to people with knowledge of the matter.\nThe company had planned ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/krispy-kreme-is-said-to-guide-ipo-pricing-below-marketed-range\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNUT":"Krispy Kreme, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/krispy-kreme-is-said-to-guide-ipo-pricing-below-marketed-range","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114899216","content_text":"Krispy Kreme, Inc. is guiding investors that the company could price its U.S. initial public offering below a marketed range, according to people with knowledge of the matter.\nThe company had planned to raise as much as $640 million selling almost 27 million shares at $21 to $24 apiece, according to a filing with the U.S. Securities and Exchange Commission. At the top end of that range, the company would have a market value of $3.86 billion, based on the outstanding shares listed in the prospectus.\nThe doughnut chain is planning to price its IPO shares Wednesday, with trading set to begin Thursday.\nA representative for Krispy Kreme declined to comment.\nThe debut comes during one of the busiest weeks on record for U.S. IPOs, with $13.6 billion of shares either already trading, or expected to begin trading, including listings by special purpose acquisition companies. Shares of Chinese ride-hailing company Didi Global Inc. rose as much as 29% in its Wednesday debut after raising $4.4 billion in an upsized transaction.\nOwned by food- and consumer-goods focused investment firmJAB Holdings BV, Krispy Kreme plans to use proceeds from the IPO to pay down debt and buy back shares from certain executives, as well as for general corporate purposes, according to the listing documents. JAB will continue to own almost 78% of the company’s shares after the IPO.\nThe offering is being led byJPMorgan Chase & Co.,Morgan Stanley, Bank of America Corp. and Citigroup Inc. Krispy Kreme plans to list on the Nasdaq Global Select Market under the symbol DNUT.","news_type":1},"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158346639,"gmtCreate":1625132205721,"gmtModify":1703736785290,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"EV","listText":"EV","text":"EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158346639","repostId":"1152226778","repostType":4,"repost":{"id":"1152226778","kind":"news","pubTimestamp":1625130665,"share":"https://ttm.financial/m/news/1152226778?lang=&edition=fundamental","pubTime":"2021-07-01 17:11","market":"us","language":"en","title":"Is Tesla's Current Price Sustainable With The Upcoming Rate Hikes?","url":"https://stock-news.laohu8.com/highlight/detail?id=1152226778","media":"seekingalpha","summary":"The latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.The quarterly projections showed that the FOMC anticipates two interest rate increases by the end of 2023, inching towards a target rate of 2.5% in the longer term.We believe the California-based EV maker’s current stock price is already reflective of its upside potential, with the potential impact from upcoming rate hikes already priced in.Based on Tesla’s current debt maturity profile, the compa","content":"<p><b>Summary</b></p>\n<ul>\n <li>The latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.</li>\n <li>The quarterly projections showed that the FOMC anticipates two interest rate increases by the end of 2023, inching towards a target rate of 2.5% in the longer term.</li>\n <li>With growth stocks benefiting from the past year of low rates, investors are now left wondering how the upcoming rate hikes will impact Tesla's price performance in the near term.</li>\n <li>We believe the California-based EV maker’s current stock price is already reflective of its upside potential, with the potential impact from upcoming rate hikes already priced in.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f7774639ba18b73c8fc7e00f439fee7\" tg-width=\"1536\" tg-height=\"1036\"><span>Justin Sullivan/Getty Images News</span></p>\n<p>Federal Reserve Chair Jerome Powell has confirmed last week that the anticipated timing and pace of interest rate hikes from the current near-zero levels will be pulled forward in response to increasing inflation risks. The quarterly projections showed that the FOMC anticipatestwo interest rate increases&nbsp;by the end of 2023 as opposed to the initially expected timeline of 2024; and the rate hikes will inch towards a target rate of approximately 2.5% in the longer term, akin to the&nbsp;last rate-hike cycle&nbsp;observed between 2015 and 2018.</p>\n<p>With growth stocks across the disruptive technology industry, including the electric vehicles (“EV”) sector, benefiting from the past year of low rates, investors have begun to question how the upcoming interest rate increases will impact prospects moving forward. The market has already pulled back from its peak in February following a&nbsp;growth stock sell-off&nbsp;triggered by the jump in government bond yields – notable names within the EV sector, including industry leader Tesla (NASDAQ: TSLA), have been down by more than 20% since. While investors continue to wonder how the upcoming rate hikes will impact Tesla, we believe the California-based EV maker’s current stock price is already reflective of its upside potential and the impact from upcoming rate hikes. The following analysis will showcase how we have arrived at our thesis, and also quantify the potential impact that the upcoming interest rate increases will have on Tesla’s valuation.</p>\n<p><b>The Impact on Tesla’s Effective Interest Rate and WACC</b></p>\n<p>In 2020, Tesla reported annual interest expenses of $748 million, representing approximately 5% of their portfolio of outstanding debt (excluding finance leases). This represents a spread of approximately 350 bps on the current 10-year Treasury yield of approximately 1.5%, which is consistent with the spread to benchmark Treasury of 320 bps on Tesla’s latest issuance of the fixed-rate&nbsp;2025 Senior Notes.</p>\n<p>Based on Tesla’s current debt maturity profile, the company will likely be refinancing a large portion of their debt coming due between 2022 and 2025 in order to support their ongoing capex needs on the construction of new manufacturing plants, as well as R&amp;D spending on technological advancements related to battery cells and autonomous driving. The potential refinancing timeline also coincides with the projected timeline of federal fund rate hikes based on the FOMC’s latest meeting on June 16th.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa95de982d7206e7e375327930ed6548\" tg-width=\"640\" tg-height=\"281\"><span>Source: Bloomberg</span></p>\n<p>In order to forecast the new cost on Tesla’s future debt refinancing, we have used the historical rate hike trend observed between 2015 and 2018 as a proxy for the timing and extent of upcoming rate increases, and the related historical 10-year Treasury yields as a proxy for projected benchmark Treasury. On this basis, the projected 10-year Treasury yield could exceed 3% by 2025 following the upcoming rate increases.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/908c2e971f129f9c0b082ac40922ce54\" tg-width=\"640\" tg-height=\"180\"><span>Source: Author, with data from treasury.gov</span></p>\n<p>By adding Tesla’s historical spread of 350 bps to the forecasted benchmark Treasury yield of up to 3% as analyzed above, the effective interest rate that Tesla is expected to pay on their debt profile could rise from the current 5% up to more than 6.5% by 2024 to 2030. Taking this into consideration, we are forecasting interest expense of approximately $534 million by the end of 2021, with growth towards $660 million on an annual basis by the end of the decade, assuming $9.5 billion to $10 billion of outstanding debt based on Tesla’s current capital structure. Based on these projections, the upcoming rate increase’s impact on Tesla’s bottom line will be approximately $126 million of incremental interest expenses on an annual basis from 2026 onwards.</p>\n<p>The upcoming rate hikes will also increase the weighted average cost of capital (“WACC”) used to discount the Tesla’s projected free cash flows, which will result in material changes to the company’s valuation. Considering the forecasted increase of Tesla’s effective interest rate on debt to 6.5% on a forward-looking basis and a&nbsp;risk-free rate of 2.5%&nbsp;based on projected 10-year Treasury yield post rate-hikes, Tesla’s company-specific risk premium (“CSRP”) used to compute the WACC would be approximately 4%. The weighted average cost of debt used to compute the WACC would also increase to approximately 7%. This would accordingly result in a WACC of 16% based on Tesla’s current debt-to-equity capital structure:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4978fdd429f8a0eb118e1e007629e0af\" tg-width=\"491\" tg-height=\"572\"><span>Source: Author, with data from our internal valuation model (Tesla_-_Valuation.pdf).</span></p>\n<p><b>The Impact on Tesla’s Valuation</b></p>\n<p>In order to evaluate the above-derived WACC’s impact on Tesla’s valuation, we have performed a 10-year discounted cash flow (“DCF”) analysis based on the company’s projected financials. The following will first briefly discuss the growth assumptions used in our projected financials for Tesla over the 10-year discrete period. Then, we will proceed to explain the inputs used in our DCF analysis and compute our valuation for Tesla.</p>\n<p><b>Financial Projections</b></p>\n<p>In our base case forecast, we have applied conservative growth assumptions based on Tesla’s current business environment and growth initiatives, as well as market outlooks obtained from external research.</p>\n<p>With government intervention through implementation of strict climate change policies and favourable financial incentives, combined with technological advances made to battery cells and charging infrastructure to extend the travel range of EVs, consumer perception of the new mode of transportation has significantly improved in recent years. Global EV sales are expected to&nbsp;outpace gasoline engines by 2033, which is at least five years earlier than the initial timeline based on narratives from just a few months ago. The industry is projected to grow at a&nbsp;compounded annual growth rate (“CAGR”) of 21.1%&nbsp;into the end of the decade, with China representing the largest market.</p>\n<p><b>Projected Revenues and Cost of Sales</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c4d9074e98eb2ab8f1ac0c1fd27fd5f\" tg-width=\"640\" tg-height=\"182\"><span>Source: Author, with data from our internal financial forecasts (Tesla_-_Forecasted_Financial_Information.pdf).</span></p>\n<p>Based on the above growth trends observed across the EV sector, we are projecting revenues generated from the sale and leasing of Tesla vehicles to grow at a CAGR of approximately 20% into FY 2030; this is consistent with the company’s growing presence in the Chinese market, as well as the continuous ramp up in vehicle production and sales observed over the past year and in recent months. We are forecasting automotive revenues to increase by 43% year-over-year to approximately $38.9 billion by the end of 2021, and reach $149 billion by 2030 based on the 20% CAGR. And combined with the anticipated growth of ancillary revenues generated from Tesla’s energy and other services business segments, we are forecasting total revenues of $44.6 billion by the end of the year, and $155 billion by the end of the decade, representing a projected CAGR of 18% into 2030.</p>\n<p>Cost of revenues as a percentage of total revenues are expected to improve slightly over time due to cost efficiencies achieved through economies of scale as Tesla’s vehicle and energy generation / storage solutions sales continue to ramp up. We are forecasting total cost of revenues to increase at a CAGR of 17% into 2030, which is in line with our revenue growth projections. This would accordingly result in projected cost of revenues of $34.9 billion by the end of the year and $116.5 billion by 2030, representing gross profit margin improvements from 21% in 2020 to approximately 25% by 2030 which is in line with guidance observed across industry peers such as Lucid Motors (NYSE: CCIV).</p>\n<p><b>Projected Operating Expenses and Other Expenses</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0331422e2460dc16d5c0242f4c340e6b\" tg-width=\"640\" tg-height=\"171\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p>In terms of operating expenses, R&amp;D spending in the foreseeable future are expected to remain consistent with prior years’ at 6% of total revenues to support Tesla’s ongoing advancements in battery cell and self-driving technology development. Meanwhile, selling, general and administrative expenses are projected to maintain at 10% of total revenues moving forward, which is in line with Tesla’s historical cost structure as well as industry trends.</p>\n<p>With regards to financing costs, annual interest expenses are expected to fall between $534 million to $660 million from 2021 to 2030. As mentioned in earlier sections, the projections are derived based on the upcoming interest rate hikes, as well as Tesla’s current and projected capital structure.</p>\n<p><b>Projected Earnings</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10005a4400d3aa94640f0aef231c1d17\" tg-width=\"640\" tg-height=\"174\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p>Based on the above considerations, our base case forecast is predicting net income of $1.8 billion by the end of the fiscal year, with expected growth at a CAGR of 20% towards $11.5 billion by 2030.</p>\n<p><i>i. Base Case Financial Forecasts:</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35473010e1cc5df0c616097988dfaa09\" tg-width=\"640\" tg-height=\"289\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p><b>Discounted Cash Flow Analysis</b></p>\n<p>Building on our financial forecasts above, our price target for Tesla is $659.81 based on an estimated equity value of approximately $635.6 billion. Based on our valuation's proximity to Tesla's last traded share price of $688.72 on June 28th, we believe the stock is reasonably priced at the moment.</p>\n<p>Our valuation is derived from a 10-year DCF analysis in conjunction with the above forecasted financial information. The base case valuation assumes a 127.4x EV/EBITDA exit multiple, which is consistent with the&nbsp;level at which the stock is currently traded at&nbsp;on a forward-looking basis. We have applied a WACC of 16%, as derived in the beginning of our analysis based on Tesla’s current risk profile, capital structure, and impacts from upcoming rate increases, to arrive at our projected price target.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d66d22e46a3425930bc55248c986506c\" tg-width=\"640\" tg-height=\"256\"><span>Source: Author, with data from our internal valuation model.</span></p>\n<p><b>Quantifying the Impact of Rate Hikes on Tesla’s Valuation</b></p>\n<p>In order to quantify the potential impact of upcoming interest rate increases on Tesla’s valuation, we have also performed a sensitivity analysis using a WACC of 14% derived based on the company’s current effective interest rate of 5%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb6400c48431579fcfd2259ce38add7e\" tg-width=\"488\" tg-height=\"574\"><span>Source: Author, with data from our internal valuation model.</span></p>\n<p>Holding the forecasted cash flow streams and exit multiple used in our DCF analysis above constant, a WACC of 14% would yield an equity value of approximately $732.6 billion, or $760.50 per share. This drives a difference in value of $97.0 billion, or $100.69 per share, compared to our valuation using a WACC of 16%. The difference accordingly represents the potential quantified impact that the upcoming rate hikes will have on Tesla’s intrinsic value.</p>\n<p><img src=\"https://static.tigerbbs.com/89b9d1a9076dd44b53f3963a3d2ed78a\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd4f3b2983533614315d42e0bf12c40d\" tg-width=\"640\" tg-height=\"242\"><span>Source: Author, with data from our internal valuation model.</span></p>\n<p><b>Conclusion</b></p>\n<p>Based on the foregoing analysis, we believe Tesla’s current share price is reasonably reflective of the company’s upside potential, with the upcoming interest rate increase impacts to their intrinsic value already priced in. As such, we are assigning a Neutral Rating on the stock at this time.</p>\n<p>However, as discussed in our analysis of Tesla's financial projections, the company's ongoing developments to their proprietary battery cell and self-driving technology make them a leading contestant in the global EV arms race. And Tesla's future commercialized deployment of said technologies will be critical catalysts for price appreciations that could compensate beyond the impact from upcoming rate hikes in the long-run. The fast-approaching release of second quarter results and delivery updates will also be a tell-tale of where Tesla currently stands, and a near-term catalyst to look out for.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Tesla's Current Price Sustainable With The Upcoming Rate Hikes?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Tesla's Current Price Sustainable With The Upcoming Rate Hikes?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437304-is-teslas-current-price-sustainable-with-the-upcoming-rate-hikes><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.\nThe quarterly projections showed that the FOMC anticipates two interest rate increases by ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437304-is-teslas-current-price-sustainable-with-the-upcoming-rate-hikes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4437304-is-teslas-current-price-sustainable-with-the-upcoming-rate-hikes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152226778","content_text":"Summary\n\nThe latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.\nThe quarterly projections showed that the FOMC anticipates two interest rate increases by the end of 2023, inching towards a target rate of 2.5% in the longer term.\nWith growth stocks benefiting from the past year of low rates, investors are now left wondering how the upcoming rate hikes will impact Tesla's price performance in the near term.\nWe believe the California-based EV maker’s current stock price is already reflective of its upside potential, with the potential impact from upcoming rate hikes already priced in.\n\nJustin Sullivan/Getty Images News\nFederal Reserve Chair Jerome Powell has confirmed last week that the anticipated timing and pace of interest rate hikes from the current near-zero levels will be pulled forward in response to increasing inflation risks. The quarterly projections showed that the FOMC anticipatestwo interest rate increases by the end of 2023 as opposed to the initially expected timeline of 2024; and the rate hikes will inch towards a target rate of approximately 2.5% in the longer term, akin to the last rate-hike cycle observed between 2015 and 2018.\nWith growth stocks across the disruptive technology industry, including the electric vehicles (“EV”) sector, benefiting from the past year of low rates, investors have begun to question how the upcoming interest rate increases will impact prospects moving forward. The market has already pulled back from its peak in February following a growth stock sell-off triggered by the jump in government bond yields – notable names within the EV sector, including industry leader Tesla (NASDAQ: TSLA), have been down by more than 20% since. While investors continue to wonder how the upcoming rate hikes will impact Tesla, we believe the California-based EV maker’s current stock price is already reflective of its upside potential and the impact from upcoming rate hikes. The following analysis will showcase how we have arrived at our thesis, and also quantify the potential impact that the upcoming interest rate increases will have on Tesla’s valuation.\nThe Impact on Tesla’s Effective Interest Rate and WACC\nIn 2020, Tesla reported annual interest expenses of $748 million, representing approximately 5% of their portfolio of outstanding debt (excluding finance leases). This represents a spread of approximately 350 bps on the current 10-year Treasury yield of approximately 1.5%, which is consistent with the spread to benchmark Treasury of 320 bps on Tesla’s latest issuance of the fixed-rate 2025 Senior Notes.\nBased on Tesla’s current debt maturity profile, the company will likely be refinancing a large portion of their debt coming due between 2022 and 2025 in order to support their ongoing capex needs on the construction of new manufacturing plants, as well as R&D spending on technological advancements related to battery cells and autonomous driving. The potential refinancing timeline also coincides with the projected timeline of federal fund rate hikes based on the FOMC’s latest meeting on June 16th.\nSource: Bloomberg\nIn order to forecast the new cost on Tesla’s future debt refinancing, we have used the historical rate hike trend observed between 2015 and 2018 as a proxy for the timing and extent of upcoming rate increases, and the related historical 10-year Treasury yields as a proxy for projected benchmark Treasury. On this basis, the projected 10-year Treasury yield could exceed 3% by 2025 following the upcoming rate increases.\nSource: Author, with data from treasury.gov\nBy adding Tesla’s historical spread of 350 bps to the forecasted benchmark Treasury yield of up to 3% as analyzed above, the effective interest rate that Tesla is expected to pay on their debt profile could rise from the current 5% up to more than 6.5% by 2024 to 2030. Taking this into consideration, we are forecasting interest expense of approximately $534 million by the end of 2021, with growth towards $660 million on an annual basis by the end of the decade, assuming $9.5 billion to $10 billion of outstanding debt based on Tesla’s current capital structure. Based on these projections, the upcoming rate increase’s impact on Tesla’s bottom line will be approximately $126 million of incremental interest expenses on an annual basis from 2026 onwards.\nThe upcoming rate hikes will also increase the weighted average cost of capital (“WACC”) used to discount the Tesla’s projected free cash flows, which will result in material changes to the company’s valuation. Considering the forecasted increase of Tesla’s effective interest rate on debt to 6.5% on a forward-looking basis and a risk-free rate of 2.5% based on projected 10-year Treasury yield post rate-hikes, Tesla’s company-specific risk premium (“CSRP”) used to compute the WACC would be approximately 4%. The weighted average cost of debt used to compute the WACC would also increase to approximately 7%. This would accordingly result in a WACC of 16% based on Tesla’s current debt-to-equity capital structure:\nSource: Author, with data from our internal valuation model (Tesla_-_Valuation.pdf).\nThe Impact on Tesla’s Valuation\nIn order to evaluate the above-derived WACC’s impact on Tesla’s valuation, we have performed a 10-year discounted cash flow (“DCF”) analysis based on the company’s projected financials. The following will first briefly discuss the growth assumptions used in our projected financials for Tesla over the 10-year discrete period. Then, we will proceed to explain the inputs used in our DCF analysis and compute our valuation for Tesla.\nFinancial Projections\nIn our base case forecast, we have applied conservative growth assumptions based on Tesla’s current business environment and growth initiatives, as well as market outlooks obtained from external research.\nWith government intervention through implementation of strict climate change policies and favourable financial incentives, combined with technological advances made to battery cells and charging infrastructure to extend the travel range of EVs, consumer perception of the new mode of transportation has significantly improved in recent years. Global EV sales are expected to outpace gasoline engines by 2033, which is at least five years earlier than the initial timeline based on narratives from just a few months ago. The industry is projected to grow at a compounded annual growth rate (“CAGR”) of 21.1% into the end of the decade, with China representing the largest market.\nProjected Revenues and Cost of Sales\nSource: Author, with data from our internal financial forecasts (Tesla_-_Forecasted_Financial_Information.pdf).\nBased on the above growth trends observed across the EV sector, we are projecting revenues generated from the sale and leasing of Tesla vehicles to grow at a CAGR of approximately 20% into FY 2030; this is consistent with the company’s growing presence in the Chinese market, as well as the continuous ramp up in vehicle production and sales observed over the past year and in recent months. We are forecasting automotive revenues to increase by 43% year-over-year to approximately $38.9 billion by the end of 2021, and reach $149 billion by 2030 based on the 20% CAGR. And combined with the anticipated growth of ancillary revenues generated from Tesla’s energy and other services business segments, we are forecasting total revenues of $44.6 billion by the end of the year, and $155 billion by the end of the decade, representing a projected CAGR of 18% into 2030.\nCost of revenues as a percentage of total revenues are expected to improve slightly over time due to cost efficiencies achieved through economies of scale as Tesla’s vehicle and energy generation / storage solutions sales continue to ramp up. We are forecasting total cost of revenues to increase at a CAGR of 17% into 2030, which is in line with our revenue growth projections. This would accordingly result in projected cost of revenues of $34.9 billion by the end of the year and $116.5 billion by 2030, representing gross profit margin improvements from 21% in 2020 to approximately 25% by 2030 which is in line with guidance observed across industry peers such as Lucid Motors (NYSE: CCIV).\nProjected Operating Expenses and Other Expenses\nSource: Author, with data from our internal financial forecasts.\nIn terms of operating expenses, R&D spending in the foreseeable future are expected to remain consistent with prior years’ at 6% of total revenues to support Tesla’s ongoing advancements in battery cell and self-driving technology development. Meanwhile, selling, general and administrative expenses are projected to maintain at 10% of total revenues moving forward, which is in line with Tesla’s historical cost structure as well as industry trends.\nWith regards to financing costs, annual interest expenses are expected to fall between $534 million to $660 million from 2021 to 2030. As mentioned in earlier sections, the projections are derived based on the upcoming interest rate hikes, as well as Tesla’s current and projected capital structure.\nProjected Earnings\nSource: Author, with data from our internal financial forecasts.\nBased on the above considerations, our base case forecast is predicting net income of $1.8 billion by the end of the fiscal year, with expected growth at a CAGR of 20% towards $11.5 billion by 2030.\ni. Base Case Financial Forecasts:\nSource: Author, with data from our internal financial forecasts.\nDiscounted Cash Flow Analysis\nBuilding on our financial forecasts above, our price target for Tesla is $659.81 based on an estimated equity value of approximately $635.6 billion. Based on our valuation's proximity to Tesla's last traded share price of $688.72 on June 28th, we believe the stock is reasonably priced at the moment.\nOur valuation is derived from a 10-year DCF analysis in conjunction with the above forecasted financial information. The base case valuation assumes a 127.4x EV/EBITDA exit multiple, which is consistent with the level at which the stock is currently traded at on a forward-looking basis. We have applied a WACC of 16%, as derived in the beginning of our analysis based on Tesla’s current risk profile, capital structure, and impacts from upcoming rate increases, to arrive at our projected price target.\nSource: Author, with data from our internal valuation model.\nQuantifying the Impact of Rate Hikes on Tesla’s Valuation\nIn order to quantify the potential impact of upcoming interest rate increases on Tesla’s valuation, we have also performed a sensitivity analysis using a WACC of 14% derived based on the company’s current effective interest rate of 5%.\nSource: Author, with data from our internal valuation model.\nHolding the forecasted cash flow streams and exit multiple used in our DCF analysis above constant, a WACC of 14% would yield an equity value of approximately $732.6 billion, or $760.50 per share. This drives a difference in value of $97.0 billion, or $100.69 per share, compared to our valuation using a WACC of 16%. The difference accordingly represents the potential quantified impact that the upcoming rate hikes will have on Tesla’s intrinsic value.\n\nSource: Author, with data from our internal valuation model.\nConclusion\nBased on the foregoing analysis, we believe Tesla’s current share price is reasonably reflective of the company’s upside potential, with the upcoming interest rate increase impacts to their intrinsic value already priced in. As such, we are assigning a Neutral Rating on the stock at this time.\nHowever, as discussed in our analysis of Tesla's financial projections, the company's ongoing developments to their proprietary battery cell and self-driving technology make them a leading contestant in the global EV arms race. And Tesla's future commercialized deployment of said technologies will be critical catalysts for price appreciations that could compensate beyond the impact from upcoming rate hikes in the long-run. The fast-approaching release of second quarter results and delivery updates will also be a tell-tale of where Tesla currently stands, and a near-term catalyst to look out for.","news_type":1},"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158348392,"gmtCreate":1625132081616,"gmtModify":1703736783178,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"bullish","listText":"bullish","text":"bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158348392","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","kind":"news","pubTimestamp":1625094708,"share":"https://ttm.financial/m/news/1178516480?lang=&edition=fundamental","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&amp;P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&amp;P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&amp;P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&amp;P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&amp;P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&amp;P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</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\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158352860,"gmtCreate":1625131568350,"gmtModify":1703736771334,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"bullish","listText":"bullish","text":"bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158352860","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","kind":"news","pubTimestamp":1625122086,"share":"https://ttm.financial/m/news/1106223449?lang=&edition=fundamental","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year.</span></p>\n<p>The S&amp;P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p>\n<p>With June coming to an end, the S&amp;P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p>\n<p>The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p>\n<p>The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and&nbsp;cause stocks to tumble. Others worry that&nbsp;U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p>\n<p>For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p>\n<p>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p>\n<p>Even the losses, when they occurred, weren’t all that bad. The S&amp;P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p>\n<p>The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&amp;P 500 dropped 20% in one day, still a record loss. While selling linked to so-called&nbsp;portfolio insurance&nbsp;was ultimately blamed for the size and speed of the loss, the second half of 1987 was&nbsp;a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p>\n<p>Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&amp;P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank&nbsp;Cappelleri, chief market technician at Instinet.</p>\n<p>That 6.3% average second-half rise would push the S&amp;P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p>\n<p>For now, at least, the path of least resistance is higher.</p>\n<p><img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.</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\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 14:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153810966,"gmtCreate":1625016782955,"gmtModify":1703850163444,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"tech up up&nbsp;","listText":"tech up up&nbsp;","text":"tech up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/153810966","repostId":"1122418477","repostType":4,"repost":{"id":"1122418477","kind":"news","pubTimestamp":1625008161,"share":"https://ttm.financial/m/news/1122418477?lang=&edition=fundamental","pubTime":"2021-06-30 07:09","market":"us","language":"en","title":"Tech stocks propel S&P 500, Nasdaq to fresh highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1122418477","media":"CNBC","summary":"The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.The broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added ab","content":"<div>\n<p>The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks propel S&P 500, Nasdaq to fresh highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stocks propel S&P 500, Nasdaq to fresh highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SWKS":"思佳讯",".SPX":"S&P 500 Index",".DJI":"道琼斯","AMD":"美国超微公司"},"source_url":"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1122418477","content_text":"The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added about 0.2% for its own record of 14,528.33.\nHomebuilder stocks moved higher after S&P Case-Shiller saidhome prices rose more than 14% in Aprilcompared to the prior year. Five U.S. cities, including Seattle, saw their largest annual increase on record. Shares of PulteGroup rose 2%.\nSemiconductor stocks gained strength later in the session, with Skyworks and Advanced Micro Devices climbing 4.5% and 2.8%, respectively. General Electric boosted the industrials sector, rising over 1% afterGoldman Sachs named the stock a top idea.\nThe market has churned out a series of record highs in recent weeks, but the gains have been relatively modest and some strategists have pointed to weak market breadth, measured by the performance of the average stock and the number of individual names making new highs, as a potential area of concern.\nOn Tuesday, there were slightly more declining stocks in the S&P 500 than those that rose during the session.\nHowever, the diminished breadth and volatility could simply be a natural pause during the summer months ahead of the busy earnings season in July, said Bill McMahon, the chief investment officer for active equity strategies at Charles Schwab Investment Management.\n\"I think people are in a little bit of a wait-and-see mode, so it's not surprising to see volatility decline and breadth worsen a tad,\" McMahon said, adding that concern about the spreading Delta variant of Covid-19 could also be weighing on stocks.\nShares of Morgan Stanley jumped more than 3% after the bank said it willdouble its quarterly dividend. The bank also announced a $12 billion stock buyback program. The announcement follows last week's stress tests by the Federal Reserve, which all 23 major banks passed. However, some other bank stocks gave up early gains and weighed on the broader indexes despite increasing their own payout plans.\nThe Conference Board's consumer confidence reading for June came in higher than expected, adding to the bullish readings about the economic recovery.\nWith the market entering the final trading days of June and the second quarter, the S&P 500 is on track to register its fifth straight month of gains. The Nasdaq is pacing for its seventh positive month in the last eight. The Dow, however, is in the red for the month, and on track to snap a four-month winning streak.\nSo far in 2021, the S&P 500 has added 14%, while the Nasdaq has added more than 12% with the Dow close behind.\nJPMorgan quantitative strategist Dubravkos Lakos-Bujas said on CNBC's \"Squawk Box\" that the market appeared to have near-term upside.\n\"The growth policy backdrop in our opinion still remains supportive for risk assets in general, certainly including equities. At the same time, the positioning is not really stretched to where we are in a problematic territory. So we do think there is still a runway. ... The summer period, the next two months, is where I think the market continues to break out,\" the strategist said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159784904,"gmtCreate":1624980400408,"gmtModify":1703849474734,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"hold","listText":"hold","text":"hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159784904","repostId":"2147343850","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159781320,"gmtCreate":1624980202260,"gmtModify":1703849468246,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"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/159781320","repostId":"2147585785","repostType":4,"repost":{"id":"2147585785","kind":"highlight","pubTimestamp":1624975347,"share":"https://ttm.financial/m/news/2147585785?lang=&edition=fundamental","pubTime":"2021-06-29 22:02","market":"us","language":"en","title":"These 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears","url":"https://stock-news.laohu8.com/highlight/detail?id=2147585785","media":"Motley Fool","summary":"Will short-sellers get proven right on these companies?","content":"<p>There's a lot of controversy right now about stocks going through difficult times. Many institutional investors on Wall Street and elsewhere take the opportunity to take short positions against companies whose shares they anticipate falling precipitously from current levels. Yet the WallStreetBets phenomenon has crushed some major institutions that have tried using that strategy, sending some stocks sharply higher despite their challenges.</p>\n<p>Wall Street analysts are usually reluctant to recommend against stocks, and they certainly don't have a perfect track record. However, seeing where analysts believe there are difficulties ahead for certain stocks could be a great place to start your research -- whether you agree with them or vehemently disagree. Below, we'll look at three stocks that the most pessimistic analysts on Wall Street see plunging 50% or more in the near future, with the goal of providing some insight that could help you make your own decision.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d1f7dc1f700e609bc5edb8afc726c47\" tg-width=\"700\" tg-height=\"540\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p><b>1. Transocean</b></p>\n<p>Shares of drilling specialist&nbsp;<b>Transocean</b>(NYSE:RIG)&nbsp;have seen a lot of ups and downs in recent years, and unfortunately, long-term investors have suffered through a lot more down times. With oil prices having fallen from triple-digit levels, Transocean's stock has lost more than 90% of its value since the early to mid-2010s. Yet more recently, the stock has perked up along with rising crude prices, jumping nearly sevenfold from its worst levels just last October.</p>\n<p>Most analysts seem to think the driller's shares have come too far too quickly. Currently trading at nearly $4.50 per share, the average price target is 44% lower at $2.50. The lowest target is at just $0.50 per share -- nearly 90% lower than current share prices.</p>\n<p>Comments from&nbsp;<b>Barclays</b>&nbsp;are fairly representative of what Wall Street is saying about Transocean. In March, Barclays cut its rating from equal weight to underweight, and its $2 price target for the stock represented a more than 50% haircut from where the stock was trading at the time. Barclays argued the share price seemed overly optimistic about a&nbsp;recovery in offshore drilling activity.</p>\n<p>Nevertheless, crude prices have continued to rise since then, and the stock has climbed despite short interest of about 14% of Transocean's current float. Further strength in oil markets should help Transocean's business, but it's unclear whether the stock has already taken a recovery into account.</p>\n<p><b>2. American Airlines Group</b></p>\n<p>A different recovery play is somewhat more controversial.<b>American Airlines Group</b>(NASDAQ:AAL)&nbsp;saw its stock plunge at the beginning of the COVID-19 pandemic, as air travel ground to a halt. Massive losses have plagued the airline since, and those losses could continue well into the future. Yet hopes for a long-term recovery have helped American's stock regain much of the ground it lost.</p>\n<p>Analysts are also divided on American's prospects.<b>Jefferies</b>&nbsp;upgraded the stock from underperform to hold and set a $25 per share price target, pointing to recovery prospects that should outweigh the danger from high debt levels. Analysts at Susquehanna, however, haven't budged from their negative rating on American, and its $10 per share price target reflected the belief that&nbsp;domestic-only airlines&nbsp;would likely outperform in the early stage of the recovery as international pandemic-related restrictions have remained in place.</p>\n<p>With short interest of more than 14% of the stock's float, American has a large contingent of investors betting against it. Yet theairlines&nbsp; have been popular picks among retail investors, and that sets up the tug of war that we've seen with many companies in recent months.</p>\n<p><b>3. AMC Entertainment Holdings</b></p>\n<p>Finally,<b>AMC Entertainment Holdings</b>(NYSE:AMC)is a big battleground in the investing community. The movie theater operator's stock has soared 2,500% since the beginning of the year. Yet analysts are universally convinced that the share price will fall back to earth, with price targets ranging from $16 on the high side to just $1 on the low side. Those calls imply declines of 70% to 98% from current levels.</p>\n<p>Here, though, the investment community itself has defied those analyst calls. In early June, AMC raised $587 million by selling 11.55 million shares at a price above $50 per share. That was a huge improvement over an earlier capital raise in late April and early May of 43 million shares at an average stock price just under $10.</p>\n<p>Despite -- or perhaps because of -- the huge run-up in AMC's stock price, short interest remains high at 17% of float. It's inevitable that AMC's business will improve when people return to theaters again in full force, butwhether the stock can hold onto its gainsis a different story entirely.</p>\n<p><b>Will Wall Street win?</b></p>\n<p>Wall Street has been notoriously wrong with some of its short-selling calls in recent months. In many investors' minds, that makes bearish picks like these potential<i>buy</i>candidates rather than stocks to be shunned.</p>\n<p>Nevertheless, all three of these stocks serve as reminders that stock prices rise in advance of improving industry conditions. It's entirely possible that even if their underlying businesses see ongoing signs of recovery, their shares could still fall in the short run from current levels.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/29/3-stocks-plunge-50-if-believe-wall-street-bears/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's a lot of controversy right now about stocks going through difficult times. Many institutional investors on Wall Street and elsewhere take the opportunity to take short positions against ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/29/3-stocks-plunge-50-if-believe-wall-street-bears/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","AAL":"美国航空","RIG":"Transocean Ltd."},"source_url":"https://www.fool.com/investing/2021/06/29/3-stocks-plunge-50-if-believe-wall-street-bears/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147585785","content_text":"There's a lot of controversy right now about stocks going through difficult times. Many institutional investors on Wall Street and elsewhere take the opportunity to take short positions against companies whose shares they anticipate falling precipitously from current levels. Yet the WallStreetBets phenomenon has crushed some major institutions that have tried using that strategy, sending some stocks sharply higher despite their challenges.\nWall Street analysts are usually reluctant to recommend against stocks, and they certainly don't have a perfect track record. However, seeing where analysts believe there are difficulties ahead for certain stocks could be a great place to start your research -- whether you agree with them or vehemently disagree. Below, we'll look at three stocks that the most pessimistic analysts on Wall Street see plunging 50% or more in the near future, with the goal of providing some insight that could help you make your own decision.\nIMAGE SOURCE: GETTY IMAGES.\n1. Transocean\nShares of drilling specialist Transocean(NYSE:RIG) have seen a lot of ups and downs in recent years, and unfortunately, long-term investors have suffered through a lot more down times. With oil prices having fallen from triple-digit levels, Transocean's stock has lost more than 90% of its value since the early to mid-2010s. Yet more recently, the stock has perked up along with rising crude prices, jumping nearly sevenfold from its worst levels just last October.\nMost analysts seem to think the driller's shares have come too far too quickly. Currently trading at nearly $4.50 per share, the average price target is 44% lower at $2.50. The lowest target is at just $0.50 per share -- nearly 90% lower than current share prices.\nComments from Barclays are fairly representative of what Wall Street is saying about Transocean. In March, Barclays cut its rating from equal weight to underweight, and its $2 price target for the stock represented a more than 50% haircut from where the stock was trading at the time. Barclays argued the share price seemed overly optimistic about a recovery in offshore drilling activity.\nNevertheless, crude prices have continued to rise since then, and the stock has climbed despite short interest of about 14% of Transocean's current float. Further strength in oil markets should help Transocean's business, but it's unclear whether the stock has already taken a recovery into account.\n2. American Airlines Group\nA different recovery play is somewhat more controversial.American Airlines Group(NASDAQ:AAL) saw its stock plunge at the beginning of the COVID-19 pandemic, as air travel ground to a halt. Massive losses have plagued the airline since, and those losses could continue well into the future. Yet hopes for a long-term recovery have helped American's stock regain much of the ground it lost.\nAnalysts are also divided on American's prospects.Jefferies upgraded the stock from underperform to hold and set a $25 per share price target, pointing to recovery prospects that should outweigh the danger from high debt levels. Analysts at Susquehanna, however, haven't budged from their negative rating on American, and its $10 per share price target reflected the belief that domestic-only airlines would likely outperform in the early stage of the recovery as international pandemic-related restrictions have remained in place.\nWith short interest of more than 14% of the stock's float, American has a large contingent of investors betting against it. Yet theairlines  have been popular picks among retail investors, and that sets up the tug of war that we've seen with many companies in recent months.\n3. AMC Entertainment Holdings\nFinally,AMC Entertainment Holdings(NYSE:AMC)is a big battleground in the investing community. The movie theater operator's stock has soared 2,500% since the beginning of the year. Yet analysts are universally convinced that the share price will fall back to earth, with price targets ranging from $16 on the high side to just $1 on the low side. Those calls imply declines of 70% to 98% from current levels.\nHere, though, the investment community itself has defied those analyst calls. In early June, AMC raised $587 million by selling 11.55 million shares at a price above $50 per share. That was a huge improvement over an earlier capital raise in late April and early May of 43 million shares at an average stock price just under $10.\nDespite -- or perhaps because of -- the huge run-up in AMC's stock price, short interest remains high at 17% of float. It's inevitable that AMC's business will improve when people return to theaters again in full force, butwhether the stock can hold onto its gainsis a different story entirely.\nWill Wall Street win?\nWall Street has been notoriously wrong with some of its short-selling calls in recent months. In many investors' minds, that makes bearish picks like these potentialbuycandidates rather than stocks to be shunned.\nNevertheless, all three of these stocks serve as reminders that stock prices rise in advance of improving industry conditions. It's entirely possible that even if their underlying businesses see ongoing signs of recovery, their shares could still fall in the short run from current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159789354,"gmtCreate":1624980104578,"gmtModify":1703849465655,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159789354","repostId":"2147850348","repostType":4,"repost":{"id":"2147850348","kind":"highlight","pubTimestamp":1624972561,"share":"https://ttm.financial/m/news/2147850348?lang=&edition=fundamental","pubTime":"2021-06-29 21:16","market":"us","language":"en","title":"Is NVIDIA Stock a Buy Ahead of Its Stock Split?","url":"https://stock-news.laohu8.com/highlight/detail?id=2147850348","media":"Motley Fool","summary":"Will this tech giant continue its atmospheric rise as its stock becomes available to a larger group of investors?","content":"<p>Back on May 26, when the company announced its first-quarter earnings, <b>NVIDIA</b> (NASDAQ:NVDA) also detailed plans to initiate a 4-for-1 split on July 19. The stock has since climbed more than 21% in the wake of the announcement.</p>\n<p>Many investors are now asking the question: Is the stock a buy ahead of its highly anticipated stock split next month? Since more investors will be able to afford NVIDIA stock, it stands to reason that there might be an increase in demand. Additionally, stockholders just approved an increase in the total number of authorized shares from 2 billion to 4 million, which will also improve liquidity, since the stock can be bought and sold at a more reasonable price.</p>\n<p>While NVIDIA shares certainly look attractive today, the upcoming stock split isn't the reason investors should be loading up on shares.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d450433a07cd9ac719dd69fcb9b5eae5\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>Making sense of NVIDIA's 4-for-1 stock split</h2>\n<p>The upcoming stock split will be NVIDIA's fifth since going public. The tech giant split its stock on a 2-for-1 basis in 2000, 2001, and 2006. The company then split its stock on a 3-for-2 basis in 2007. Its 2021 split will occur on a 4-for-1 basis, meaning investors will receive four shares for every <a href=\"https://laohu8.com/S/AONE\">one</a> share they own. The price of the existing shares will be divided by four. For instance, instead of only owning <a href=\"https://laohu8.com/S/AONE.U\">one</a> share -- currently trading at about $760 -- post-split, investors will own four shares priced at $190 each.</p>\n<p>NVIDIA's 2021 4-for-1 stock split is scheduled to take place on July 20.</p>\n<p>What's the reason for the stock split? NVIDIA said the board declared the share split \"to make stock ownership more accessible to investors and employees.\"</p>\n<h2>A suitable opportunity?</h2>\n<p>On the face of it, it might seem that NVIDIA stock is a buy because of the upcoming stock split, but it doesn't hold up to closer scrutiny. For example, if an investor holds 10 shares of NVIDIA stock, and each share is worth $760 pre-split, those 10 shares are worth a total of $7,600. After the split, that same investor will own 40 shares worth $190 each, also worth a total of $7,600 -- illustrating that the total value of their holding ultimately won't change.</p>\n<p>Furthermore, even if there's greater demand for the stock because of the lower share price after the split, it will likely be a temporary phenomenon. Other investors with a shorter investing time horizon may simply sell their shares to capitalize on any irrational run-up in the stock price, in an attempt to make a quick buck.</p>\n<p>Finally, there's simply no way to know what the news cycle could bring on any given day. Investors can't know how NVIDIA shares will trade between now and the day of the stock split. The impact of broader market trends, the overall economic picture, or some company-specific news could move the stock much more -- up or down -- than any anticipation regarding the upcoming share split.</p>\n<p>To summarize, investors should <i>never</i> buy shares in a company simply because it initiated a stock split.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35dc2c5421257964e21b68072dea06dc\" tg-width=\"700\" tg-height=\"393\"><span>Image source: Getty Images.</span></p>\n<h2>The <i>real</i> reason to buy NVIDIA stock</h2>\n<p>Despite all that, there are plenty of reasons that NVIDIA stock is a compelling buy right now -- though it has nothing to do with the upcoming split. Rather, it's NVIDIA's impressive results and the large and growing opportunity ahead that make it a timely opportunity.</p>\n<p>NVIDIA's first-quarter revenue climbed 84% year over year and its earnings per share surged 106%. To give that context, NVIDIA's $5.66 billion in revenue far exceeded the $5.3 billion it was guiding for. Revenue in the gaming segment jumped 106% on strong demand for the company's state-of-the-art graphics processing units (GPUs) used by gamers. At the same time, its datacenter revenue grew 79% year over year on a growing trend for NVIDIA's advanced processors used for power cloud computing, data centers, and artificial intelligence (AI).</p>\n<p>\"We had a fantastic quarter, with strong demand for our products driving record revenue,\" said Jensen Huang, founder and CEO of NVIDIA.</p>\n<p>Given the company's impressive growth and the accelerating secular tailwinds for gaming, cloud computing, and AI, there are plenty of reasons to be bullish for NVIDIA. The company's strong business -- not its upcoming stock split -- is what makes NVIDIA a compelling stock to own for long-term investors.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is NVIDIA Stock a Buy Ahead of Its Stock Split?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs NVIDIA Stock a Buy Ahead of Its Stock Split?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 21:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/29/is-nvidia-stock-a-buy-ahead-of-its-stock-split/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Back on May 26, when the company announced its first-quarter earnings, NVIDIA (NASDAQ:NVDA) also detailed plans to initiate a 4-for-1 split on July 19. The stock has since climbed more than 21% in the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/29/is-nvidia-stock-a-buy-ahead-of-its-stock-split/\">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://www.fool.com/investing/2021/06/29/is-nvidia-stock-a-buy-ahead-of-its-stock-split/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147850348","content_text":"Back on May 26, when the company announced its first-quarter earnings, NVIDIA (NASDAQ:NVDA) also detailed plans to initiate a 4-for-1 split on July 19. The stock has since climbed more than 21% in the wake of the announcement.\nMany investors are now asking the question: Is the stock a buy ahead of its highly anticipated stock split next month? Since more investors will be able to afford NVIDIA stock, it stands to reason that there might be an increase in demand. Additionally, stockholders just approved an increase in the total number of authorized shares from 2 billion to 4 million, which will also improve liquidity, since the stock can be bought and sold at a more reasonable price.\nWhile NVIDIA shares certainly look attractive today, the upcoming stock split isn't the reason investors should be loading up on shares.\nImage source: Getty Images.\nMaking sense of NVIDIA's 4-for-1 stock split\nThe upcoming stock split will be NVIDIA's fifth since going public. The tech giant split its stock on a 2-for-1 basis in 2000, 2001, and 2006. The company then split its stock on a 3-for-2 basis in 2007. Its 2021 split will occur on a 4-for-1 basis, meaning investors will receive four shares for every one share they own. The price of the existing shares will be divided by four. For instance, instead of only owning one share -- currently trading at about $760 -- post-split, investors will own four shares priced at $190 each.\nNVIDIA's 2021 4-for-1 stock split is scheduled to take place on July 20.\nWhat's the reason for the stock split? NVIDIA said the board declared the share split \"to make stock ownership more accessible to investors and employees.\"\nA suitable opportunity?\nOn the face of it, it might seem that NVIDIA stock is a buy because of the upcoming stock split, but it doesn't hold up to closer scrutiny. For example, if an investor holds 10 shares of NVIDIA stock, and each share is worth $760 pre-split, those 10 shares are worth a total of $7,600. After the split, that same investor will own 40 shares worth $190 each, also worth a total of $7,600 -- illustrating that the total value of their holding ultimately won't change.\nFurthermore, even if there's greater demand for the stock because of the lower share price after the split, it will likely be a temporary phenomenon. Other investors with a shorter investing time horizon may simply sell their shares to capitalize on any irrational run-up in the stock price, in an attempt to make a quick buck.\nFinally, there's simply no way to know what the news cycle could bring on any given day. Investors can't know how NVIDIA shares will trade between now and the day of the stock split. The impact of broader market trends, the overall economic picture, or some company-specific news could move the stock much more -- up or down -- than any anticipation regarding the upcoming share split.\nTo summarize, investors should never buy shares in a company simply because it initiated a stock split.\nImage source: Getty Images.\nThe real reason to buy NVIDIA stock\nDespite all that, there are plenty of reasons that NVIDIA stock is a compelling buy right now -- though it has nothing to do with the upcoming split. Rather, it's NVIDIA's impressive results and the large and growing opportunity ahead that make it a timely opportunity.\nNVIDIA's first-quarter revenue climbed 84% year over year and its earnings per share surged 106%. To give that context, NVIDIA's $5.66 billion in revenue far exceeded the $5.3 billion it was guiding for. Revenue in the gaming segment jumped 106% on strong demand for the company's state-of-the-art graphics processing units (GPUs) used by gamers. At the same time, its datacenter revenue grew 79% year over year on a growing trend for NVIDIA's advanced processors used for power cloud computing, data centers, and artificial intelligence (AI).\n\"We had a fantastic quarter, with strong demand for our products driving record revenue,\" said Jensen Huang, founder and CEO of NVIDIA.\nGiven the company's impressive growth and the accelerating secular tailwinds for gaming, cloud computing, and AI, there are plenty of reasons to be bullish for NVIDIA. The company's strong business -- not its upcoming stock split -- is what makes NVIDIA a compelling stock to own for long-term investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":153810966,"gmtCreate":1625016782955,"gmtModify":1703850163444,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"tech up up&nbsp;","listText":"tech up up&nbsp;","text":"tech up up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/153810966","repostId":"1122418477","repostType":4,"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158352860,"gmtCreate":1625131568350,"gmtModify":1703736771334,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"bullish","listText":"bullish","text":"bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158352860","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","kind":"news","pubTimestamp":1625122086,"share":"https://ttm.financial/m/news/1106223449?lang=&edition=fundamental","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year.</span></p>\n<p>The S&amp;P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p>\n<p>With June coming to an end, the S&amp;P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p>\n<p>The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p>\n<p>The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and&nbsp;cause stocks to tumble. Others worry that&nbsp;U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p>\n<p>For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p>\n<p>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p>\n<p>Even the losses, when they occurred, weren’t all that bad. The S&amp;P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p>\n<p>The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&amp;P 500 dropped 20% in one day, still a record loss. While selling linked to so-called&nbsp;portfolio insurance&nbsp;was ultimately blamed for the size and speed of the loss, the second half of 1987 was&nbsp;a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p>\n<p>Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&amp;P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank&nbsp;Cappelleri, chief market technician at Instinet.</p>\n<p>That 6.3% average second-half rise would push the S&amp;P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p>\n<p>For now, at least, the path of least resistance is higher.</p>\n<p><img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.</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\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 14:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158348392,"gmtCreate":1625132081616,"gmtModify":1703736783178,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"bullish","listText":"bullish","text":"bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158348392","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","kind":"news","pubTimestamp":1625094708,"share":"https://ttm.financial/m/news/1178516480?lang=&edition=fundamental","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&amp;P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&amp;P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&amp;P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&amp;P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&amp;P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&amp;P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</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 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158346639,"gmtCreate":1625132205721,"gmtModify":1703736785290,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"EV","listText":"EV","text":"EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158346639","repostId":"1152226778","repostType":4,"repost":{"id":"1152226778","kind":"news","pubTimestamp":1625130665,"share":"https://ttm.financial/m/news/1152226778?lang=&edition=fundamental","pubTime":"2021-07-01 17:11","market":"us","language":"en","title":"Is Tesla's Current Price Sustainable With The Upcoming Rate Hikes?","url":"https://stock-news.laohu8.com/highlight/detail?id=1152226778","media":"seekingalpha","summary":"The latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.The quarterly projections showed that the FOMC anticipates two interest rate increases by the end of 2023, inching towards a target rate of 2.5% in the longer term.We believe the California-based EV maker’s current stock price is already reflective of its upside potential, with the potential impact from upcoming rate hikes already priced in.Based on Tesla’s current debt maturity profile, the compa","content":"<p><b>Summary</b></p>\n<ul>\n <li>The latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.</li>\n <li>The quarterly projections showed that the FOMC anticipates two interest rate increases by the end of 2023, inching towards a target rate of 2.5% in the longer term.</li>\n <li>With growth stocks benefiting from the past year of low rates, investors are now left wondering how the upcoming rate hikes will impact Tesla's price performance in the near term.</li>\n <li>We believe the California-based EV maker’s current stock price is already reflective of its upside potential, with the potential impact from upcoming rate hikes already priced in.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f7774639ba18b73c8fc7e00f439fee7\" tg-width=\"1536\" tg-height=\"1036\"><span>Justin Sullivan/Getty Images News</span></p>\n<p>Federal Reserve Chair Jerome Powell has confirmed last week that the anticipated timing and pace of interest rate hikes from the current near-zero levels will be pulled forward in response to increasing inflation risks. The quarterly projections showed that the FOMC anticipatestwo interest rate increases&nbsp;by the end of 2023 as opposed to the initially expected timeline of 2024; and the rate hikes will inch towards a target rate of approximately 2.5% in the longer term, akin to the&nbsp;last rate-hike cycle&nbsp;observed between 2015 and 2018.</p>\n<p>With growth stocks across the disruptive technology industry, including the electric vehicles (“EV”) sector, benefiting from the past year of low rates, investors have begun to question how the upcoming interest rate increases will impact prospects moving forward. The market has already pulled back from its peak in February following a&nbsp;growth stock sell-off&nbsp;triggered by the jump in government bond yields – notable names within the EV sector, including industry leader Tesla (NASDAQ: TSLA), have been down by more than 20% since. While investors continue to wonder how the upcoming rate hikes will impact Tesla, we believe the California-based EV maker’s current stock price is already reflective of its upside potential and the impact from upcoming rate hikes. The following analysis will showcase how we have arrived at our thesis, and also quantify the potential impact that the upcoming interest rate increases will have on Tesla’s valuation.</p>\n<p><b>The Impact on Tesla’s Effective Interest Rate and WACC</b></p>\n<p>In 2020, Tesla reported annual interest expenses of $748 million, representing approximately 5% of their portfolio of outstanding debt (excluding finance leases). This represents a spread of approximately 350 bps on the current 10-year Treasury yield of approximately 1.5%, which is consistent with the spread to benchmark Treasury of 320 bps on Tesla’s latest issuance of the fixed-rate&nbsp;2025 Senior Notes.</p>\n<p>Based on Tesla’s current debt maturity profile, the company will likely be refinancing a large portion of their debt coming due between 2022 and 2025 in order to support their ongoing capex needs on the construction of new manufacturing plants, as well as R&amp;D spending on technological advancements related to battery cells and autonomous driving. The potential refinancing timeline also coincides with the projected timeline of federal fund rate hikes based on the FOMC’s latest meeting on June 16th.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa95de982d7206e7e375327930ed6548\" tg-width=\"640\" tg-height=\"281\"><span>Source: Bloomberg</span></p>\n<p>In order to forecast the new cost on Tesla’s future debt refinancing, we have used the historical rate hike trend observed between 2015 and 2018 as a proxy for the timing and extent of upcoming rate increases, and the related historical 10-year Treasury yields as a proxy for projected benchmark Treasury. On this basis, the projected 10-year Treasury yield could exceed 3% by 2025 following the upcoming rate increases.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/908c2e971f129f9c0b082ac40922ce54\" tg-width=\"640\" tg-height=\"180\"><span>Source: Author, with data from treasury.gov</span></p>\n<p>By adding Tesla’s historical spread of 350 bps to the forecasted benchmark Treasury yield of up to 3% as analyzed above, the effective interest rate that Tesla is expected to pay on their debt profile could rise from the current 5% up to more than 6.5% by 2024 to 2030. Taking this into consideration, we are forecasting interest expense of approximately $534 million by the end of 2021, with growth towards $660 million on an annual basis by the end of the decade, assuming $9.5 billion to $10 billion of outstanding debt based on Tesla’s current capital structure. Based on these projections, the upcoming rate increase’s impact on Tesla’s bottom line will be approximately $126 million of incremental interest expenses on an annual basis from 2026 onwards.</p>\n<p>The upcoming rate hikes will also increase the weighted average cost of capital (“WACC”) used to discount the Tesla’s projected free cash flows, which will result in material changes to the company’s valuation. Considering the forecasted increase of Tesla’s effective interest rate on debt to 6.5% on a forward-looking basis and a&nbsp;risk-free rate of 2.5%&nbsp;based on projected 10-year Treasury yield post rate-hikes, Tesla’s company-specific risk premium (“CSRP”) used to compute the WACC would be approximately 4%. The weighted average cost of debt used to compute the WACC would also increase to approximately 7%. This would accordingly result in a WACC of 16% based on Tesla’s current debt-to-equity capital structure:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4978fdd429f8a0eb118e1e007629e0af\" tg-width=\"491\" tg-height=\"572\"><span>Source: Author, with data from our internal valuation model (Tesla_-_Valuation.pdf).</span></p>\n<p><b>The Impact on Tesla’s Valuation</b></p>\n<p>In order to evaluate the above-derived WACC’s impact on Tesla’s valuation, we have performed a 10-year discounted cash flow (“DCF”) analysis based on the company’s projected financials. The following will first briefly discuss the growth assumptions used in our projected financials for Tesla over the 10-year discrete period. Then, we will proceed to explain the inputs used in our DCF analysis and compute our valuation for Tesla.</p>\n<p><b>Financial Projections</b></p>\n<p>In our base case forecast, we have applied conservative growth assumptions based on Tesla’s current business environment and growth initiatives, as well as market outlooks obtained from external research.</p>\n<p>With government intervention through implementation of strict climate change policies and favourable financial incentives, combined with technological advances made to battery cells and charging infrastructure to extend the travel range of EVs, consumer perception of the new mode of transportation has significantly improved in recent years. Global EV sales are expected to&nbsp;outpace gasoline engines by 2033, which is at least five years earlier than the initial timeline based on narratives from just a few months ago. The industry is projected to grow at a&nbsp;compounded annual growth rate (“CAGR”) of 21.1%&nbsp;into the end of the decade, with China representing the largest market.</p>\n<p><b>Projected Revenues and Cost of Sales</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c4d9074e98eb2ab8f1ac0c1fd27fd5f\" tg-width=\"640\" tg-height=\"182\"><span>Source: Author, with data from our internal financial forecasts (Tesla_-_Forecasted_Financial_Information.pdf).</span></p>\n<p>Based on the above growth trends observed across the EV sector, we are projecting revenues generated from the sale and leasing of Tesla vehicles to grow at a CAGR of approximately 20% into FY 2030; this is consistent with the company’s growing presence in the Chinese market, as well as the continuous ramp up in vehicle production and sales observed over the past year and in recent months. We are forecasting automotive revenues to increase by 43% year-over-year to approximately $38.9 billion by the end of 2021, and reach $149 billion by 2030 based on the 20% CAGR. And combined with the anticipated growth of ancillary revenues generated from Tesla’s energy and other services business segments, we are forecasting total revenues of $44.6 billion by the end of the year, and $155 billion by the end of the decade, representing a projected CAGR of 18% into 2030.</p>\n<p>Cost of revenues as a percentage of total revenues are expected to improve slightly over time due to cost efficiencies achieved through economies of scale as Tesla’s vehicle and energy generation / storage solutions sales continue to ramp up. We are forecasting total cost of revenues to increase at a CAGR of 17% into 2030, which is in line with our revenue growth projections. This would accordingly result in projected cost of revenues of $34.9 billion by the end of the year and $116.5 billion by 2030, representing gross profit margin improvements from 21% in 2020 to approximately 25% by 2030 which is in line with guidance observed across industry peers such as Lucid Motors (NYSE: CCIV).</p>\n<p><b>Projected Operating Expenses and Other Expenses</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0331422e2460dc16d5c0242f4c340e6b\" tg-width=\"640\" tg-height=\"171\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p>In terms of operating expenses, R&amp;D spending in the foreseeable future are expected to remain consistent with prior years’ at 6% of total revenues to support Tesla’s ongoing advancements in battery cell and self-driving technology development. Meanwhile, selling, general and administrative expenses are projected to maintain at 10% of total revenues moving forward, which is in line with Tesla’s historical cost structure as well as industry trends.</p>\n<p>With regards to financing costs, annual interest expenses are expected to fall between $534 million to $660 million from 2021 to 2030. As mentioned in earlier sections, the projections are derived based on the upcoming interest rate hikes, as well as Tesla’s current and projected capital structure.</p>\n<p><b>Projected Earnings</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10005a4400d3aa94640f0aef231c1d17\" tg-width=\"640\" tg-height=\"174\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p>Based on the above considerations, our base case forecast is predicting net income of $1.8 billion by the end of the fiscal year, with expected growth at a CAGR of 20% towards $11.5 billion by 2030.</p>\n<p><i>i. Base Case Financial Forecasts:</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35473010e1cc5df0c616097988dfaa09\" tg-width=\"640\" tg-height=\"289\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p><b>Discounted Cash Flow Analysis</b></p>\n<p>Building on our financial forecasts above, our price target for Tesla is $659.81 based on an estimated equity value of approximately $635.6 billion. Based on our valuation's proximity to Tesla's last traded share price of $688.72 on June 28th, we believe the stock is reasonably priced at the moment.</p>\n<p>Our valuation is derived from a 10-year DCF analysis in conjunction with the above forecasted financial information. The base case valuation assumes a 127.4x EV/EBITDA exit multiple, which is consistent with the&nbsp;level at which the stock is currently traded at&nbsp;on a forward-looking basis. We have applied a WACC of 16%, as derived in the beginning of our analysis based on Tesla’s current risk profile, capital structure, and impacts from upcoming rate increases, to arrive at our projected price target.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d66d22e46a3425930bc55248c986506c\" tg-width=\"640\" tg-height=\"256\"><span>Source: Author, with data from our internal valuation model.</span></p>\n<p><b>Quantifying the Impact of Rate Hikes on Tesla’s Valuation</b></p>\n<p>In order to quantify the potential impact of upcoming interest rate increases on Tesla’s valuation, we have also performed a sensitivity analysis using a WACC of 14% derived based on the company’s current effective interest rate of 5%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb6400c48431579fcfd2259ce38add7e\" tg-width=\"488\" tg-height=\"574\"><span>Source: Author, with data from our internal valuation model.</span></p>\n<p>Holding the forecasted cash flow streams and exit multiple used in our DCF analysis above constant, a WACC of 14% would yield an equity value of approximately $732.6 billion, or $760.50 per share. This drives a difference in value of $97.0 billion, or $100.69 per share, compared to our valuation using a WACC of 16%. The difference accordingly represents the potential quantified impact that the upcoming rate hikes will have on Tesla’s intrinsic value.</p>\n<p><img src=\"https://static.tigerbbs.com/89b9d1a9076dd44b53f3963a3d2ed78a\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd4f3b2983533614315d42e0bf12c40d\" tg-width=\"640\" tg-height=\"242\"><span>Source: Author, with data from our internal valuation model.</span></p>\n<p><b>Conclusion</b></p>\n<p>Based on the foregoing analysis, we believe Tesla’s current share price is reasonably reflective of the company’s upside potential, with the upcoming interest rate increase impacts to their intrinsic value already priced in. As such, we are assigning a Neutral Rating on the stock at this time.</p>\n<p>However, as discussed in our analysis of Tesla's financial projections, the company's ongoing developments to their proprietary battery cell and self-driving technology make them a leading contestant in the global EV arms race. And Tesla's future commercialized deployment of said technologies will be critical catalysts for price appreciations that could compensate beyond the impact from upcoming rate hikes in the long-run. The fast-approaching release of second quarter results and delivery updates will also be a tell-tale of where Tesla currently stands, and a near-term catalyst to look out for.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Tesla's Current Price Sustainable With The Upcoming Rate Hikes?</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\">\nIs Tesla's Current Price Sustainable With The Upcoming Rate Hikes?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437304-is-teslas-current-price-sustainable-with-the-upcoming-rate-hikes><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.\nThe quarterly projections showed that the FOMC anticipates two interest rate increases by ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437304-is-teslas-current-price-sustainable-with-the-upcoming-rate-hikes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4437304-is-teslas-current-price-sustainable-with-the-upcoming-rate-hikes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152226778","content_text":"Summary\n\nThe latest FOMC meeting confirmed that the imminent rate hikes might be coming sooner than expected.\nThe quarterly projections showed that the FOMC anticipates two interest rate increases by the end of 2023, inching towards a target rate of 2.5% in the longer term.\nWith growth stocks benefiting from the past year of low rates, investors are now left wondering how the upcoming rate hikes will impact Tesla's price performance in the near term.\nWe believe the California-based EV maker’s current stock price is already reflective of its upside potential, with the potential impact from upcoming rate hikes already priced in.\n\nJustin Sullivan/Getty Images News\nFederal Reserve Chair Jerome Powell has confirmed last week that the anticipated timing and pace of interest rate hikes from the current near-zero levels will be pulled forward in response to increasing inflation risks. The quarterly projections showed that the FOMC anticipatestwo interest rate increases by the end of 2023 as opposed to the initially expected timeline of 2024; and the rate hikes will inch towards a target rate of approximately 2.5% in the longer term, akin to the last rate-hike cycle observed between 2015 and 2018.\nWith growth stocks across the disruptive technology industry, including the electric vehicles (“EV”) sector, benefiting from the past year of low rates, investors have begun to question how the upcoming interest rate increases will impact prospects moving forward. The market has already pulled back from its peak in February following a growth stock sell-off triggered by the jump in government bond yields – notable names within the EV sector, including industry leader Tesla (NASDAQ: TSLA), have been down by more than 20% since. While investors continue to wonder how the upcoming rate hikes will impact Tesla, we believe the California-based EV maker’s current stock price is already reflective of its upside potential and the impact from upcoming rate hikes. The following analysis will showcase how we have arrived at our thesis, and also quantify the potential impact that the upcoming interest rate increases will have on Tesla’s valuation.\nThe Impact on Tesla’s Effective Interest Rate and WACC\nIn 2020, Tesla reported annual interest expenses of $748 million, representing approximately 5% of their portfolio of outstanding debt (excluding finance leases). This represents a spread of approximately 350 bps on the current 10-year Treasury yield of approximately 1.5%, which is consistent with the spread to benchmark Treasury of 320 bps on Tesla’s latest issuance of the fixed-rate 2025 Senior Notes.\nBased on Tesla’s current debt maturity profile, the company will likely be refinancing a large portion of their debt coming due between 2022 and 2025 in order to support their ongoing capex needs on the construction of new manufacturing plants, as well as R&D spending on technological advancements related to battery cells and autonomous driving. The potential refinancing timeline also coincides with the projected timeline of federal fund rate hikes based on the FOMC’s latest meeting on June 16th.\nSource: Bloomberg\nIn order to forecast the new cost on Tesla’s future debt refinancing, we have used the historical rate hike trend observed between 2015 and 2018 as a proxy for the timing and extent of upcoming rate increases, and the related historical 10-year Treasury yields as a proxy for projected benchmark Treasury. On this basis, the projected 10-year Treasury yield could exceed 3% by 2025 following the upcoming rate increases.\nSource: Author, with data from treasury.gov\nBy adding Tesla’s historical spread of 350 bps to the forecasted benchmark Treasury yield of up to 3% as analyzed above, the effective interest rate that Tesla is expected to pay on their debt profile could rise from the current 5% up to more than 6.5% by 2024 to 2030. Taking this into consideration, we are forecasting interest expense of approximately $534 million by the end of 2021, with growth towards $660 million on an annual basis by the end of the decade, assuming $9.5 billion to $10 billion of outstanding debt based on Tesla’s current capital structure. Based on these projections, the upcoming rate increase’s impact on Tesla’s bottom line will be approximately $126 million of incremental interest expenses on an annual basis from 2026 onwards.\nThe upcoming rate hikes will also increase the weighted average cost of capital (“WACC”) used to discount the Tesla’s projected free cash flows, which will result in material changes to the company’s valuation. Considering the forecasted increase of Tesla’s effective interest rate on debt to 6.5% on a forward-looking basis and a risk-free rate of 2.5% based on projected 10-year Treasury yield post rate-hikes, Tesla’s company-specific risk premium (“CSRP”) used to compute the WACC would be approximately 4%. The weighted average cost of debt used to compute the WACC would also increase to approximately 7%. This would accordingly result in a WACC of 16% based on Tesla’s current debt-to-equity capital structure:\nSource: Author, with data from our internal valuation model (Tesla_-_Valuation.pdf).\nThe Impact on Tesla’s Valuation\nIn order to evaluate the above-derived WACC’s impact on Tesla’s valuation, we have performed a 10-year discounted cash flow (“DCF”) analysis based on the company’s projected financials. The following will first briefly discuss the growth assumptions used in our projected financials for Tesla over the 10-year discrete period. Then, we will proceed to explain the inputs used in our DCF analysis and compute our valuation for Tesla.\nFinancial Projections\nIn our base case forecast, we have applied conservative growth assumptions based on Tesla’s current business environment and growth initiatives, as well as market outlooks obtained from external research.\nWith government intervention through implementation of strict climate change policies and favourable financial incentives, combined with technological advances made to battery cells and charging infrastructure to extend the travel range of EVs, consumer perception of the new mode of transportation has significantly improved in recent years. Global EV sales are expected to outpace gasoline engines by 2033, which is at least five years earlier than the initial timeline based on narratives from just a few months ago. The industry is projected to grow at a compounded annual growth rate (“CAGR”) of 21.1% into the end of the decade, with China representing the largest market.\nProjected Revenues and Cost of Sales\nSource: Author, with data from our internal financial forecasts (Tesla_-_Forecasted_Financial_Information.pdf).\nBased on the above growth trends observed across the EV sector, we are projecting revenues generated from the sale and leasing of Tesla vehicles to grow at a CAGR of approximately 20% into FY 2030; this is consistent with the company’s growing presence in the Chinese market, as well as the continuous ramp up in vehicle production and sales observed over the past year and in recent months. We are forecasting automotive revenues to increase by 43% year-over-year to approximately $38.9 billion by the end of 2021, and reach $149 billion by 2030 based on the 20% CAGR. And combined with the anticipated growth of ancillary revenues generated from Tesla’s energy and other services business segments, we are forecasting total revenues of $44.6 billion by the end of the year, and $155 billion by the end of the decade, representing a projected CAGR of 18% into 2030.\nCost of revenues as a percentage of total revenues are expected to improve slightly over time due to cost efficiencies achieved through economies of scale as Tesla’s vehicle and energy generation / storage solutions sales continue to ramp up. We are forecasting total cost of revenues to increase at a CAGR of 17% into 2030, which is in line with our revenue growth projections. This would accordingly result in projected cost of revenues of $34.9 billion by the end of the year and $116.5 billion by 2030, representing gross profit margin improvements from 21% in 2020 to approximately 25% by 2030 which is in line with guidance observed across industry peers such as Lucid Motors (NYSE: CCIV).\nProjected Operating Expenses and Other Expenses\nSource: Author, with data from our internal financial forecasts.\nIn terms of operating expenses, R&D spending in the foreseeable future are expected to remain consistent with prior years’ at 6% of total revenues to support Tesla’s ongoing advancements in battery cell and self-driving technology development. Meanwhile, selling, general and administrative expenses are projected to maintain at 10% of total revenues moving forward, which is in line with Tesla’s historical cost structure as well as industry trends.\nWith regards to financing costs, annual interest expenses are expected to fall between $534 million to $660 million from 2021 to 2030. As mentioned in earlier sections, the projections are derived based on the upcoming interest rate hikes, as well as Tesla’s current and projected capital structure.\nProjected Earnings\nSource: Author, with data from our internal financial forecasts.\nBased on the above considerations, our base case forecast is predicting net income of $1.8 billion by the end of the fiscal year, with expected growth at a CAGR of 20% towards $11.5 billion by 2030.\ni. Base Case Financial Forecasts:\nSource: Author, with data from our internal financial forecasts.\nDiscounted Cash Flow Analysis\nBuilding on our financial forecasts above, our price target for Tesla is $659.81 based on an estimated equity value of approximately $635.6 billion. Based on our valuation's proximity to Tesla's last traded share price of $688.72 on June 28th, we believe the stock is reasonably priced at the moment.\nOur valuation is derived from a 10-year DCF analysis in conjunction with the above forecasted financial information. The base case valuation assumes a 127.4x EV/EBITDA exit multiple, which is consistent with the level at which the stock is currently traded at on a forward-looking basis. We have applied a WACC of 16%, as derived in the beginning of our analysis based on Tesla’s current risk profile, capital structure, and impacts from upcoming rate increases, to arrive at our projected price target.\nSource: Author, with data from our internal valuation model.\nQuantifying the Impact of Rate Hikes on Tesla’s Valuation\nIn order to quantify the potential impact of upcoming interest rate increases on Tesla’s valuation, we have also performed a sensitivity analysis using a WACC of 14% derived based on the company’s current effective interest rate of 5%.\nSource: Author, with data from our internal valuation model.\nHolding the forecasted cash flow streams and exit multiple used in our DCF analysis above constant, a WACC of 14% would yield an equity value of approximately $732.6 billion, or $760.50 per share. This drives a difference in value of $97.0 billion, or $100.69 per share, compared to our valuation using a WACC of 16%. The difference accordingly represents the potential quantified impact that the upcoming rate hikes will have on Tesla’s intrinsic value.\n\nSource: Author, with data from our internal valuation model.\nConclusion\nBased on the foregoing analysis, we believe Tesla’s current share price is reasonably reflective of the company’s upside potential, with the upcoming interest rate increase impacts to their intrinsic value already priced in. As such, we are assigning a Neutral Rating on the stock at this time.\nHowever, as discussed in our analysis of Tesla's financial projections, the company's ongoing developments to their proprietary battery cell and self-driving technology make them a leading contestant in the global EV arms race. And Tesla's future commercialized deployment of said technologies will be critical catalysts for price appreciations that could compensate beyond the impact from upcoming rate hikes in the long-run. The fast-approaching release of second quarter results and delivery updates will also be a tell-tale of where Tesla currently stands, and a near-term catalyst to look out for.","news_type":1},"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159784904,"gmtCreate":1624980400408,"gmtModify":1703849474734,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"hold","listText":"hold","text":"hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159784904","repostId":"2147343850","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159781320,"gmtCreate":1624980202260,"gmtModify":1703849468246,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"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/159781320","repostId":"2147585785","repostType":4,"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158100638,"gmtCreate":1625133266724,"gmtModify":1703736807322,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158100638","repostId":"1195295547","repostType":4,"repost":{"id":"1195295547","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625072005,"share":"https://ttm.financial/m/news/1195295547?lang=&edition=fundamental","pubTime":"2021-07-01 00:53","market":"us","language":"zh","title":"滴滴正式登陆纽交所，开盘报价18美元","url":"https://stock-news.laohu8.com/highlight/detail?id=1195295547","media":"老虎资讯综合","summary":"北京时间6月30日，滴滴正式在纽交所挂牌上市，上市首日开盘价报18美元，较IPO发行定价14美元上涨约28%。股票代码为 \"DIDI\"。高盛、摩根士丹利、摩根大通、华兴资本担任承销商。滴滴这次IPO的","content":"<p>北京时间6月30日，滴滴正式在纽交所挂牌上市，上市首日开盘价报18美元，较IPO发行定价14美元上涨约28%。股票代码为 \"DIDI\"。高盛、摩根士丹利、摩根大通、华兴资本担任承销商。滴滴这次IPO的承销商名单中还有多家中资机构，包括中金、中银国际、交银国际、建银国际、招银国际、工银国际和国泰君安国际等。</p>\n<p>本次IPO中，滴滴发行价定为14美元，位于13-14美元/ ADS的发行区间上限。滴滴发行3.17亿股ADS，比原计划的2.88亿股多10%。以14美元的发行价计算，滴滴此次至少募资44亿美元。</p>\n<p>对于此次募资的用途，滴滴在招股书中披露计划将约30%的募资金额用于扩大中国以外国际市场的业务；约30%的募资金额用于提升包括共享出行、电动汽车和自动驾驶在内的技术能力；约20%用于推出新产品和拓展现有产品品类以持续提升用户体验；剩余部分可能用于营运资金需求和潜在的战略投资等。</p>\n<p>以发行价计算，滴滴IPO的估值超过670亿美元。而据知情人士透露，滴滴完全稀释后的估值(通常包括限制性股票单位)可能超过700亿美元。</p>\n<p>有接近滴滴知情人士透露，自递交招股书以来，滴滴已获得10倍超额认购，即获得超过400亿美元订单，提前超额完成原计划40亿美元的募资目标。</p>\n<p>富时罗素此前发布报告称，如果滴滴美股ADS首日上市收盘满足相关门槛，将有望被快速纳入富时罗素全球股票指数系列。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>滴滴正式登陆纽交所，开盘报价18美元</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; 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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\">\n滴滴正式登陆纽交所，开盘报价18美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-07-01 00:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>北京时间6月30日，滴滴正式在纽交所挂牌上市，上市首日开盘价报18美元，较IPO发行定价14美元上涨约28%。股票代码为 \"DIDI\"。高盛、摩根士丹利、摩根大通、华兴资本担任承销商。滴滴这次IPO的承销商名单中还有多家中资机构，包括中金、中银国际、交银国际、建银国际、招银国际、工银国际和国泰君安国际等。</p>\n<p>本次IPO中，滴滴发行价定为14美元，位于13-14美元/ ADS的发行区间上限。滴滴发行3.17亿股ADS，比原计划的2.88亿股多10%。以14美元的发行价计算，滴滴此次至少募资44亿美元。</p>\n<p>对于此次募资的用途，滴滴在招股书中披露计划将约30%的募资金额用于扩大中国以外国际市场的业务；约30%的募资金额用于提升包括共享出行、电动汽车和自动驾驶在内的技术能力；约20%用于推出新产品和拓展现有产品品类以持续提升用户体验；剩余部分可能用于营运资金需求和潜在的战略投资等。</p>\n<p>以发行价计算，滴滴IPO的估值超过670亿美元。而据知情人士透露，滴滴完全稀释后的估值(通常包括限制性股票单位)可能超过700亿美元。</p>\n<p>有接近滴滴知情人士透露，自递交招股书以来，滴滴已获得10倍超额认购，即获得超过400亿美元订单，提前超额完成原计划40亿美元的募资目标。</p>\n<p>富时罗素此前发布报告称，如果滴滴美股ADS首日上市收盘满足相关门槛，将有望被快速纳入富时罗素全球股票指数系列。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195295547","content_text":"北京时间6月30日，滴滴正式在纽交所挂牌上市，上市首日开盘价报18美元，较IPO发行定价14美元上涨约28%。股票代码为 \"DIDI\"。高盛、摩根士丹利、摩根大通、华兴资本担任承销商。滴滴这次IPO的承销商名单中还有多家中资机构，包括中金、中银国际、交银国际、建银国际、招银国际、工银国际和国泰君安国际等。\n本次IPO中，滴滴发行价定为14美元，位于13-14美元/ ADS的发行区间上限。滴滴发行3.17亿股ADS，比原计划的2.88亿股多10%。以14美元的发行价计算，滴滴此次至少募资44亿美元。\n对于此次募资的用途，滴滴在招股书中披露计划将约30%的募资金额用于扩大中国以外国际市场的业务；约30%的募资金额用于提升包括共享出行、电动汽车和自动驾驶在内的技术能力；约20%用于推出新产品和拓展现有产品品类以持续提升用户体验；剩余部分可能用于营运资金需求和潜在的战略投资等。\n以发行价计算，滴滴IPO的估值超过670亿美元。而据知情人士透露，滴滴完全稀释后的估值(通常包括限制性股票单位)可能超过700亿美元。\n有接近滴滴知情人士透露，自递交招股书以来，滴滴已获得10倍超额认购，即获得超过400亿美元订单，提前超额完成原计划40亿美元的募资目标。\n富时罗素此前发布报告称，如果滴滴美股ADS首日上市收盘满足相关门槛，将有望被快速纳入富时罗素全球股票指数系列。","news_type":1},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158345375,"gmtCreate":1625132330197,"gmtModify":1703736787409,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158345375","repostId":"1114899216","repostType":4,"repost":{"id":"1114899216","kind":"news","pubTimestamp":1625127358,"share":"https://ttm.financial/m/news/1114899216?lang=&edition=fundamental","pubTime":"2021-07-01 16:15","market":"us","language":"en","title":"Krispy Kreme Is Guide IPO Pricing Below Marketed Range","url":"https://stock-news.laohu8.com/highlight/detail?id=1114899216","media":"Bloomberg","summary":"Krispy Kreme, Inc. is guiding investors that the company could price its U.S. initial public offerin","content":"<p><b><a href=\"https://laohu8.com/S/DNUT\">Krispy Kreme, Inc.</a></b> is guiding investors that the company could price its U.S. initial public offering below a marketed range, according to people with knowledge of the matter.</p>\n<p>The company had planned to raise as much as $640 million selling almost 27 million shares at $21 to $24 apiece, according to a filing with the U.S. Securities and Exchange Commission. At the top end of that range, the company would have a market value of $3.86 billion, based on the outstanding shares listed in the prospectus.</p>\n<p>The doughnut chain is planning to price its IPO shares Wednesday, with trading set to begin Thursday.</p>\n<p>A representative for Krispy Kreme declined to comment.</p>\n<p>The debut comes during one of the busiest weeks on record for U.S. IPOs, with $13.6 billion of shares either already trading, or expected to begin trading, including listings by special purpose acquisition companies. Shares of Chinese ride-hailing company Didi Global Inc. rose as much as 29% in its Wednesday debut after raising $4.4 billion in an upsized transaction.</p>\n<p>Owned by food- and consumer-goods focused investment firmJAB Holdings BV, Krispy Kreme plans to use proceeds from the IPO to pay down debt and buy back shares from certain executives, as well as for general corporate purposes, according to the listing documents. JAB will continue to own almost 78% of the company’s shares after the IPO.</p>\n<p>The offering is being led byJPMorgan Chase &amp; Co.,Morgan Stanley, Bank of America Corp. and Citigroup Inc. Krispy Kreme plans to list on the Nasdaq Global Select Market under the symbol DNUT.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Krispy Kreme Is Guide IPO Pricing Below Marketed Range</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\">\nKrispy Kreme Is Guide IPO Pricing Below Marketed Range\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/krispy-kreme-is-said-to-guide-ipo-pricing-below-marketed-range><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Krispy Kreme, Inc. is guiding investors that the company could price its U.S. initial public offering below a marketed range, according to people with knowledge of the matter.\nThe company had planned ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/krispy-kreme-is-said-to-guide-ipo-pricing-below-marketed-range\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNUT":"Krispy Kreme, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/krispy-kreme-is-said-to-guide-ipo-pricing-below-marketed-range","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114899216","content_text":"Krispy Kreme, Inc. is guiding investors that the company could price its U.S. initial public offering below a marketed range, according to people with knowledge of the matter.\nThe company had planned to raise as much as $640 million selling almost 27 million shares at $21 to $24 apiece, according to a filing with the U.S. Securities and Exchange Commission. At the top end of that range, the company would have a market value of $3.86 billion, based on the outstanding shares listed in the prospectus.\nThe doughnut chain is planning to price its IPO shares Wednesday, with trading set to begin Thursday.\nA representative for Krispy Kreme declined to comment.\nThe debut comes during one of the busiest weeks on record for U.S. IPOs, with $13.6 billion of shares either already trading, or expected to begin trading, including listings by special purpose acquisition companies. Shares of Chinese ride-hailing company Didi Global Inc. rose as much as 29% in its Wednesday debut after raising $4.4 billion in an upsized transaction.\nOwned by food- and consumer-goods focused investment firmJAB Holdings BV, Krispy Kreme plans to use proceeds from the IPO to pay down debt and buy back shares from certain executives, as well as for general corporate purposes, according to the listing documents. JAB will continue to own almost 78% of the company’s shares after the IPO.\nThe offering is being led byJPMorgan Chase & Co.,Morgan Stanley, Bank of America Corp. and Citigroup Inc. Krispy Kreme plans to list on the Nasdaq Global Select Market under the symbol DNUT.","news_type":1},"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159789354,"gmtCreate":1624980104578,"gmtModify":1703849465655,"author":{"id":"3582696973955091","authorId":"3582696973955091","name":"ylpll","avatar":"https://static.tigerbbs.com/48efee5c819e4887e9d0a2ac96d899d2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582696973955091","authorIdStr":"3582696973955091"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159789354","repostId":"2147850348","repostType":4,"repost":{"id":"2147850348","kind":"highlight","pubTimestamp":1624972561,"share":"https://ttm.financial/m/news/2147850348?lang=&edition=fundamental","pubTime":"2021-06-29 21:16","market":"us","language":"en","title":"Is NVIDIA Stock a Buy Ahead of Its Stock Split?","url":"https://stock-news.laohu8.com/highlight/detail?id=2147850348","media":"Motley Fool","summary":"Will this tech giant continue its atmospheric rise as its stock becomes available to a larger group of investors?","content":"<p>Back on May 26, when the company announced its first-quarter earnings, <b>NVIDIA</b> (NASDAQ:NVDA) also detailed plans to initiate a 4-for-1 split on July 19. The stock has since climbed more than 21% in the wake of the announcement.</p>\n<p>Many investors are now asking the question: Is the stock a buy ahead of its highly anticipated stock split next month? Since more investors will be able to afford NVIDIA stock, it stands to reason that there might be an increase in demand. Additionally, stockholders just approved an increase in the total number of authorized shares from 2 billion to 4 million, which will also improve liquidity, since the stock can be bought and sold at a more reasonable price.</p>\n<p>While NVIDIA shares certainly look attractive today, the upcoming stock split isn't the reason investors should be loading up on shares.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d450433a07cd9ac719dd69fcb9b5eae5\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>Making sense of NVIDIA's 4-for-1 stock split</h2>\n<p>The upcoming stock split will be NVIDIA's fifth since going public. The tech giant split its stock on a 2-for-1 basis in 2000, 2001, and 2006. The company then split its stock on a 3-for-2 basis in 2007. Its 2021 split will occur on a 4-for-1 basis, meaning investors will receive four shares for every <a href=\"https://laohu8.com/S/AONE\">one</a> share they own. The price of the existing shares will be divided by four. For instance, instead of only owning <a href=\"https://laohu8.com/S/AONE.U\">one</a> share -- currently trading at about $760 -- post-split, investors will own four shares priced at $190 each.</p>\n<p>NVIDIA's 2021 4-for-1 stock split is scheduled to take place on July 20.</p>\n<p>What's the reason for the stock split? NVIDIA said the board declared the share split \"to make stock ownership more accessible to investors and employees.\"</p>\n<h2>A suitable opportunity?</h2>\n<p>On the face of it, it might seem that NVIDIA stock is a buy because of the upcoming stock split, but it doesn't hold up to closer scrutiny. For example, if an investor holds 10 shares of NVIDIA stock, and each share is worth $760 pre-split, those 10 shares are worth a total of $7,600. After the split, that same investor will own 40 shares worth $190 each, also worth a total of $7,600 -- illustrating that the total value of their holding ultimately won't change.</p>\n<p>Furthermore, even if there's greater demand for the stock because of the lower share price after the split, it will likely be a temporary phenomenon. Other investors with a shorter investing time horizon may simply sell their shares to capitalize on any irrational run-up in the stock price, in an attempt to make a quick buck.</p>\n<p>Finally, there's simply no way to know what the news cycle could bring on any given day. Investors can't know how NVIDIA shares will trade between now and the day of the stock split. The impact of broader market trends, the overall economic picture, or some company-specific news could move the stock much more -- up or down -- than any anticipation regarding the upcoming share split.</p>\n<p>To summarize, investors should <i>never</i> buy shares in a company simply because it initiated a stock split.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35dc2c5421257964e21b68072dea06dc\" tg-width=\"700\" tg-height=\"393\"><span>Image source: Getty Images.</span></p>\n<h2>The <i>real</i> reason to buy NVIDIA stock</h2>\n<p>Despite all that, there are plenty of reasons that NVIDIA stock is a compelling buy right now -- though it has nothing to do with the upcoming split. Rather, it's NVIDIA's impressive results and the large and growing opportunity ahead that make it a timely opportunity.</p>\n<p>NVIDIA's first-quarter revenue climbed 84% year over year and its earnings per share surged 106%. To give that context, NVIDIA's $5.66 billion in revenue far exceeded the $5.3 billion it was guiding for. Revenue in the gaming segment jumped 106% on strong demand for the company's state-of-the-art graphics processing units (GPUs) used by gamers. At the same time, its datacenter revenue grew 79% year over year on a growing trend for NVIDIA's advanced processors used for power cloud computing, data centers, and artificial intelligence (AI).</p>\n<p>\"We had a fantastic quarter, with strong demand for our products driving record revenue,\" said Jensen Huang, founder and CEO of NVIDIA.</p>\n<p>Given the company's impressive growth and the accelerating secular tailwinds for gaming, cloud computing, and AI, there are plenty of reasons to be bullish for NVIDIA. The company's strong business -- not its upcoming stock split -- is what makes NVIDIA a compelling stock to own for long-term investors.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is NVIDIA Stock a Buy Ahead of Its Stock Split?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs NVIDIA Stock a Buy Ahead of Its Stock Split?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 21:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/29/is-nvidia-stock-a-buy-ahead-of-its-stock-split/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Back on May 26, when the company announced its first-quarter earnings, NVIDIA (NASDAQ:NVDA) also detailed plans to initiate a 4-for-1 split on July 19. The stock has since climbed more than 21% in the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/29/is-nvidia-stock-a-buy-ahead-of-its-stock-split/\">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://www.fool.com/investing/2021/06/29/is-nvidia-stock-a-buy-ahead-of-its-stock-split/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147850348","content_text":"Back on May 26, when the company announced its first-quarter earnings, NVIDIA (NASDAQ:NVDA) also detailed plans to initiate a 4-for-1 split on July 19. The stock has since climbed more than 21% in the wake of the announcement.\nMany investors are now asking the question: Is the stock a buy ahead of its highly anticipated stock split next month? Since more investors will be able to afford NVIDIA stock, it stands to reason that there might be an increase in demand. Additionally, stockholders just approved an increase in the total number of authorized shares from 2 billion to 4 million, which will also improve liquidity, since the stock can be bought and sold at a more reasonable price.\nWhile NVIDIA shares certainly look attractive today, the upcoming stock split isn't the reason investors should be loading up on shares.\nImage source: Getty Images.\nMaking sense of NVIDIA's 4-for-1 stock split\nThe upcoming stock split will be NVIDIA's fifth since going public. The tech giant split its stock on a 2-for-1 basis in 2000, 2001, and 2006. The company then split its stock on a 3-for-2 basis in 2007. Its 2021 split will occur on a 4-for-1 basis, meaning investors will receive four shares for every one share they own. The price of the existing shares will be divided by four. For instance, instead of only owning one share -- currently trading at about $760 -- post-split, investors will own four shares priced at $190 each.\nNVIDIA's 2021 4-for-1 stock split is scheduled to take place on July 20.\nWhat's the reason for the stock split? NVIDIA said the board declared the share split \"to make stock ownership more accessible to investors and employees.\"\nA suitable opportunity?\nOn the face of it, it might seem that NVIDIA stock is a buy because of the upcoming stock split, but it doesn't hold up to closer scrutiny. For example, if an investor holds 10 shares of NVIDIA stock, and each share is worth $760 pre-split, those 10 shares are worth a total of $7,600. After the split, that same investor will own 40 shares worth $190 each, also worth a total of $7,600 -- illustrating that the total value of their holding ultimately won't change.\nFurthermore, even if there's greater demand for the stock because of the lower share price after the split, it will likely be a temporary phenomenon. Other investors with a shorter investing time horizon may simply sell their shares to capitalize on any irrational run-up in the stock price, in an attempt to make a quick buck.\nFinally, there's simply no way to know what the news cycle could bring on any given day. Investors can't know how NVIDIA shares will trade between now and the day of the stock split. The impact of broader market trends, the overall economic picture, or some company-specific news could move the stock much more -- up or down -- than any anticipation regarding the upcoming share split.\nTo summarize, investors should never buy shares in a company simply because it initiated a stock split.\nImage source: Getty Images.\nThe real reason to buy NVIDIA stock\nDespite all that, there are plenty of reasons that NVIDIA stock is a compelling buy right now -- though it has nothing to do with the upcoming split. Rather, it's NVIDIA's impressive results and the large and growing opportunity ahead that make it a timely opportunity.\nNVIDIA's first-quarter revenue climbed 84% year over year and its earnings per share surged 106%. To give that context, NVIDIA's $5.66 billion in revenue far exceeded the $5.3 billion it was guiding for. Revenue in the gaming segment jumped 106% on strong demand for the company's state-of-the-art graphics processing units (GPUs) used by gamers. At the same time, its datacenter revenue grew 79% year over year on a growing trend for NVIDIA's advanced processors used for power cloud computing, data centers, and artificial intelligence (AI).\n\"We had a fantastic quarter, with strong demand for our products driving record revenue,\" said Jensen Huang, founder and CEO of NVIDIA.\nGiven the company's impressive growth and the accelerating secular tailwinds for gaming, cloud computing, and AI, there are plenty of reasons to be bullish for NVIDIA. The company's strong business -- not its upcoming stock split -- is what makes NVIDIA a compelling stock to own for long-term investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}