Anniechen169 personal page - To The Moon

Anniechen169

Anniechen169

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2021-05-19

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4 Things to Know Ahead of the Squarespace’s Direct Listing

2021-05-24

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Norwegian Cruise Line Sets August U.S. Return, Joining Rivals

2022-01-18

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Ericsson sues Apple again over 5G patent licensing

2021-05-24

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Inflation data, consumer confidence: What to know this week

2021-06-13

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S&P ekes out gains to close languid week

2021-06-12

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S&P ekes out gains to close languid week

2022-03-27

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Boeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airlines Flight MU 5735

2021-07-08

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Why is the stock market down today?

2021-06-16

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2021-06-06

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U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO

2021-05-31

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Turkey’s Second Biggest E-Commerce Platform Files for Nasdaq IPO

2021-05-19

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Wall Street closes lower on weak telecom stocks despite strong retail earnings

2021-05-18

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JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion

2021-05-13

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Bill Ackman Unveils 6% Stake In Dominos, Says He Won't Invest In Bitcoin

2022-01-16

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Sorry, the original content has been removed

2021-07-11

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Apple AirPod batteries are almost impossible to replace, showing the need for right-to-repair reform

2021-06-16

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Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets

2021-05-27

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Sorry, the original content has been removed

2021-05-26

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China’s Yuan Hits Strongest Level in Nearly Three Years

2021-05-20

Up and up

5 Stocks To Watch For May 20, 2021

Go to Tiger App to see more news

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You may be addicted Addiction is the inability to stop consuming a chemical or pursuing an activity despite causing harm. Very much the same happens to people who trade. Can we define trading addiction as a crossing a line between being passionate about investing and losing the ability to stop trading. The problem focuses on the brain and understanding how its reward systems can train you to trade compulsively and dangerously.” Here are some signs of addiction You spend far too much of your free time trading. You are trading stocks at work (and it isn’t your job) The “high” of trying to find the next “moonshot” is the focus of attention. You have feelings for frustration, aggression or attempt to suppress other personal problems. Losing money on a position makes","listText":"Can't stop trading Options? You may be addicted Addiction is the inability to stop consuming a chemical or pursuing an activity despite causing harm. Very much the same happens to people who trade. Can we define trading addiction as a crossing a line between being passionate about investing and losing the ability to stop trading. The problem focuses on the brain and understanding how its reward systems can train you to trade compulsively and dangerously.” Here are some signs of addiction You spend far too much of your free time trading. You are trading stocks at work (and it isn’t your job) The “high” of trying to find the next “moonshot” is the focus of attention. You have feelings for frustration, aggression or attempt to suppress other personal problems. Losing money on a position makes","text":"Can't stop trading Options? You may be addicted Addiction is the inability to stop consuming a chemical or pursuing an activity despite causing harm. Very much the same happens to people who trade. Can we define trading addiction as a crossing a line between being passionate about investing and losing the ability to stop trading. The problem focuses on the brain and understanding how its reward systems can train you to trade compulsively and dangerously.” Here are some signs of addiction You spend far too much of your free time trading. You are trading stocks at work (and it isn’t your job) The “high” of trying to find the next “moonshot” is the focus of attention. You have feelings for frustration, aggression or attempt to suppress other personal problems. Losing money on a position makes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251366265364552","isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":251365867708680,"gmtCreate":1702405849395,"gmtModify":1702405857773,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Can't stop trading Options? You may be addicted Addiction is the inability to stop consuming a chemical or pursuing an activity despite causing harm. Very much the same happens to people who trade. Can we define trading addiction as a crossing a line between being passionate about investing and losing the ability to stop trading. The problem focuses on the brain and understanding how its reward systems can train you to trade compulsively and dangerously.” Here are some signs of addiction You spend far too much of your free time trading. You are trading stocks at work (and it isn’t your job) The “high” of trying to find the next “moonshot” is the focus of attention. You have feelings for frustration, aggression or attempt to suppress other personal problems. Losing money on a position makes","listText":"Can't stop trading Options? You may be addicted Addiction is the inability to stop consuming a chemical or pursuing an activity despite causing harm. Very much the same happens to people who trade. Can we define trading addiction as a crossing a line between being passionate about investing and losing the ability to stop trading. The problem focuses on the brain and understanding how its reward systems can train you to trade compulsively and dangerously.” Here are some signs of addiction You spend far too much of your free time trading. You are trading stocks at work (and it isn’t your job) The “high” of trying to find the next “moonshot” is the focus of attention. You have feelings for frustration, aggression or attempt to suppress other personal problems. Losing money on a position makes","text":"Can't stop trading Options? You may be addicted Addiction is the inability to stop consuming a chemical or pursuing an activity despite causing harm. Very much the same happens to people who trade. Can we define trading addiction as a crossing a line between being passionate about investing and losing the ability to stop trading. The problem focuses on the brain and understanding how its reward systems can train you to trade compulsively and dangerously.” Here are some signs of addiction You spend far too much of your free time trading. You are trading stocks at work (and it isn’t your job) The “high” of trying to find the next “moonshot” is the focus of attention. You have feelings for frustration, aggression or attempt to suppress other personal problems. Losing money on a position makes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251365867708680","isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234315122130944,"gmtCreate":1698249292307,"gmtModify":1698250955731,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Jamie Dimon and $Blackrock(BLK.US)$ Chairman CEO Larry Fink both have one decade in mind -- the 1970s. Both were speaking at the Future Investment Initiative in Saudi Arabia, or the so-called Davos in the Desert, on Tuesday. In the U.S., Dimon noted the highest levels of debt during peacetime. \"There's kind of this omnipotent feeling that central banks and governments can manage through all this stuff,\" he said. \"I'm cautious.\" Dimon, who made headlines when he suggested U.S. interest rates might go to 7%, made similar comments again on Tuesday, talking of the possibility the whole interest rate curve might rise by 100 basis points. I would urge people to be prepared for it. I don't know if it's going to happen. But I look at what we're seeing today is more like the 70s,\" he said. The JPMo","listText":"Jamie Dimon and $Blackrock(BLK.US)$ Chairman CEO Larry Fink both have one decade in mind -- the 1970s. Both were speaking at the Future Investment Initiative in Saudi Arabia, or the so-called Davos in the Desert, on Tuesday. In the U.S., Dimon noted the highest levels of debt during peacetime. \"There's kind of this omnipotent feeling that central banks and governments can manage through all this stuff,\" he said. \"I'm cautious.\" Dimon, who made headlines when he suggested U.S. interest rates might go to 7%, made similar comments again on Tuesday, talking of the possibility the whole interest rate curve might rise by 100 basis points. I would urge people to be prepared for it. I don't know if it's going to happen. But I look at what we're seeing today is more like the 70s,\" he said. The JPMo","text":"Jamie Dimon and $Blackrock(BLK.US)$ Chairman CEO Larry Fink both have one decade in mind -- the 1970s. Both were speaking at the Future Investment Initiative in Saudi Arabia, or the so-called Davos in the Desert, on Tuesday. In the U.S., Dimon noted the highest levels of debt during peacetime. \"There's kind of this omnipotent feeling that central banks and governments can manage through all this stuff,\" he said. \"I'm cautious.\" Dimon, who made headlines when he suggested U.S. interest rates might go to 7%, made similar comments again on Tuesday, talking of the possibility the whole interest rate curve might rise by 100 basis points. I would urge people to be prepared for it. I don't know if it's going to happen. But I look at what we're seeing today is more like the 70s,\" he said. The JPMo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234315122130944","isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221557709656112,"gmtCreate":1695122358108,"gmtModify":1695124873659,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"SEP 19, 2023 05:00 PM THE Covid-19 health crisis is mostly in the rear-view mirror, but the Bank of Singapore’s (BOS) wealth and trust planning business continues to reap a silver lining. Wealth planning and structuring activity have intensified among BOS’ ultra-high net worth (UHNW) clients, causing a significant uptick in the establishment of trusts. BOS expects the number of UHNW clients who set up trust structures in Singapore to more than double this year. In the first six months alone, the number of trusts, established through its subsidiary BOS Trustee, has exceeded the whole of 2022. The average assets under management (AUM) in trusts is also three to four times larger than the average trust’s AUM in 2022. The value of assets in trusts set up in the last three years alone comprises","listText":"SEP 19, 2023 05:00 PM THE Covid-19 health crisis is mostly in the rear-view mirror, but the Bank of Singapore’s (BOS) wealth and trust planning business continues to reap a silver lining. Wealth planning and structuring activity have intensified among BOS’ ultra-high net worth (UHNW) clients, causing a significant uptick in the establishment of trusts. BOS expects the number of UHNW clients who set up trust structures in Singapore to more than double this year. In the first six months alone, the number of trusts, established through its subsidiary BOS Trustee, has exceeded the whole of 2022. The average assets under management (AUM) in trusts is also three to four times larger than the average trust’s AUM in 2022. The value of assets in trusts set up in the last three years alone comprises","text":"SEP 19, 2023 05:00 PM THE Covid-19 health crisis is mostly in the rear-view mirror, but the Bank of Singapore’s (BOS) wealth and trust planning business continues to reap a silver lining. Wealth planning and structuring activity have intensified among BOS’ ultra-high net worth (UHNW) clients, causing a significant uptick in the establishment of trusts. BOS expects the number of UHNW clients who set up trust structures in Singapore to more than double this year. In the first six months alone, the number of trusts, established through its subsidiary BOS Trustee, has exceeded the whole of 2022. The average assets under management (AUM) in trusts is also three to four times larger than the average trust’s AUM in 2022. The value of assets in trusts set up in the last three years alone comprises","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221557709656112","isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064320927,"gmtCreate":1652280434769,"gmtModify":1676535068151,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064320927","repostId":"2234934944","repostType":2,"repost":{"id":"2234934944","pubTimestamp":1652282107,"share":"https://ttm.financial/m/news/2234934944?lang=&edition=fundamental","pubTime":"2022-05-11 23:15","market":"us","language":"en","title":"iPhone 15 could see switch to USB-C from Lightning port, analyst says","url":"https://stock-news.laohu8.com/highlight/detail?id=2234934944","media":"seekingalpha","summary":"Apple (NASDAQ:AAPL) is getting ready to unveil the iPhone 14 later this year, but a prominent analys","content":"<html><body><p>Apple (<span>NASDAQ:AAPL</span>) is getting ready to unveil the iPhone 14 later this year, but a prominent analyst expects the version<span> after that to undergo a radical change, notably how it charges and transfers data.</span></p> <p><figure> <picture> <img height=\"1025px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/860585078/image_860585078.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>Wachiwit/iStock Editorial via Getty Images</p></figcaption> </figure></p> <p>TF International Securities analyst Ming-Chi Kuo tweeted that he expects the 2023 version of the iPhone, to be released in the second-half of the year, to abandon the Lightning port and start using a USB-C port, something European lawmakers have recently adopted in a bid to reduce electronics waste.</p> <p>\"USB-C could improve iPhone's transfer and charging speed in hardware designs, but the final spec details still depend on iOS support,\" Kuo tweeetd.</p> <p>Apple (AAPL) shares <span>fell 0.5% to $153.69</span> in early trading on Wednesday.</p> <p>In addition, Kuo tweeted that existing UBB-C related suppliers of Apple's (AAPL) ecosystem could \"become the market's focus in the next 1-2 years, thanks to vast orders from iPhones and accessories' adoption of USB-C ports.\"</p> <p>Apple (AAPL) has previously said it was against the change to switch its charging and transfer port to USB-C, telling news outlets that it would create an \"unprecedented volume\" of waste and mandating <a href=\"https://laohu8.com/S/AONE.U\">one</a> type of connection would stifle innovation and hurt consumers.</p> <p>Cupertino, California-based Apple (AAPL) is reportedly looking to restructure its services business to delve deeper into areas such as streaming and advertising, having moved around some key executives as part of this push.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>iPhone 15 could see switch to USB-C from Lightning port, analyst says</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; 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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\">\niPhone 15 could see switch to USB-C from Lightning port, analyst says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-11 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3836850-iphone-15-could-see-switch-to-usb-c-from-lightning-port-analyst-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (NASDAQ:AAPL) is getting ready to unveil the iPhone 14 later this year, but a prominent analyst expects the version after that to undergo a radical change, notably how it charges and transfers ...</p>\n\n<a href=\"https://seekingalpha.com/news/3836850-iphone-15-could-see-switch-to-usb-c-from-lightning-port-analyst-says\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4207":"综合性银行","BK4574":"无人驾驶","USB":"美国合众银行","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4504":"桥水持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4571":"数字音乐概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4566":"资本集团","BK4575":"芯片概念","BK4559":"巴菲特持仓","BK4501":"段永平概念","AAPL":"苹果","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4579":"人工智能"},"source_url":"https://seekingalpha.com/news/3836850-iphone-15-could-see-switch-to-usb-c-from-lightning-port-analyst-says","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2234934944","content_text":"Apple (NASDAQ:AAPL) is getting ready to unveil the iPhone 14 later this year, but a prominent analyst expects the version after that to undergo a radical change, notably how it charges and transfers data.     Wachiwit/iStock Editorial via Getty Images  TF International Securities analyst Ming-Chi Kuo tweeted that he expects the 2023 version of the iPhone, to be released in the second-half of the year, to abandon the Lightning port and start using a USB-C port, something European lawmakers have recently adopted in a bid to reduce electronics waste. \"USB-C could improve iPhone's transfer and charging speed in hardware designs, but the final spec details still depend on iOS support,\" Kuo tweeetd. Apple (AAPL) shares fell 0.5% to $153.69 in early trading on Wednesday. In addition, Kuo tweeted that existing UBB-C related suppliers of Apple's (AAPL) ecosystem could \"become the market's focus in the next 1-2 years, thanks to vast orders from iPhones and accessories' adoption of USB-C ports.\" Apple (AAPL) has previously said it was against the change to switch its charging and transfer port to USB-C, telling news outlets that it would create an \"unprecedented volume\" of waste and mandating one type of connection would stifle innovation and hurt consumers. Cupertino, California-based Apple (AAPL) is reportedly looking to restructure its services business to delve deeper into areas such as streaming and advertising, having moved around some key executives as part of this push.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062107614,"gmtCreate":1652018202238,"gmtModify":1676535014239,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062107614","repostId":"2233590554","repostType":2,"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063552202,"gmtCreate":1651499082881,"gmtModify":1676534916443,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063552202","repostId":"2232252743","repostType":2,"repost":{"id":"2232252743","pubTimestamp":1651502454,"share":"https://ttm.financial/m/news/2232252743?lang=&edition=fundamental","pubTime":"2022-05-02 22:40","market":"us","language":"en","title":"Apple gets in EU crosshairs over its mobile-payment service practices","url":"https://stock-news.laohu8.com/highlight/detail?id=2232252743","media":"seekingalpha","summary":"Peter Macdiarmid/Getty Images News  Apple (NASDAQ:AAPL) is facing the ire of European Union regulato","content":"<html><body><p><figure> <picture> <img height=\"1006px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/480662250/image_480662250.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>Peter Macdiarmid/Getty Images News</p></figcaption> </figure></p> <p>Apple (<span>NASDAQ:AAPL</span>) is facing the ire of European Union regulators who have charged the<span> company with abusing its position in online payments regarding its Apple Pay contactless payment services.</span></p> <p>At issue is Apple (AAPL) placing restrictions on how mobile-app developers can offer payment options on apps offered through Apple's App Store. According to the <em>Wall Street Journal</em><em>,</em> the European Commission, which acts as the enforcement agency for the EU, has taken issue with Apple (AAPL) choosing to keep mobile wallet app developers from gaining access to payment hardware and software for use on Apple (AAPL) devices, and forcing those developers to use Apple Pay.</p> <p>Should Apple (AAPL) be found in violation of EU anti-competition guidelines, the company could face fines that would be tied to the amounts it charges for its Apple Pay digital wallet offerings.</p> <p>According to the <em>Journal</em>, Apple (AAPL) said that it would continue to work with the EC \"to ensure European consumers have access to the payment option of their choice in a safe and secure environment.\"</p> <p>Separately, on Monday, Roku (ROKU) said it is adding Apple Music to its streaming TV platform, which will allow Apple Music subscribers to access the service, and their music playlists, across all Roku (ROKU) devices.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple gets in EU crosshairs over its mobile-payment service practices</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; 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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\">\nApple gets in EU crosshairs over its mobile-payment service practices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-02 22:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3830010-apple-gets-in-eu-crosshairs-over-its-mobile-payment-service-practices><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Peter Macdiarmid/Getty Images News  Apple (NASDAQ:AAPL) is facing the ire of European Union regulators who have charged the company with abusing its position in online payments regarding its Apple Pay...</p>\n\n<a href=\"https://seekingalpha.com/news/3830010-apple-gets-in-eu-crosshairs-over-its-mobile-payment-service-practices\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","AAPL":"苹果","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4571":"数字音乐概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4566":"资本集团","BK4575":"芯片概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边"},"source_url":"https://seekingalpha.com/news/3830010-apple-gets-in-eu-crosshairs-over-its-mobile-payment-service-practices","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2232252743","content_text":"Peter Macdiarmid/Getty Images News  Apple (NASDAQ:AAPL) is facing the ire of European Union regulators who have charged the company with abusing its position in online payments regarding its Apple Pay contactless payment services. At issue is Apple (AAPL) placing restrictions on how mobile-app developers can offer payment options on apps offered through Apple's App Store. According to the Wall Street Journal, the European Commission, which acts as the enforcement agency for the EU, has taken issue with Apple (AAPL) choosing to keep mobile wallet app developers from gaining access to payment hardware and software for use on Apple (AAPL) devices, and forcing those developers to use Apple Pay. Should Apple (AAPL) be found in violation of EU anti-competition guidelines, the company could face fines that would be tied to the amounts it charges for its Apple Pay digital wallet offerings. According to the Journal, Apple (AAPL) said that it would continue to work with the EC \"to ensure European consumers have access to the payment option of their choice in a safe and secure environment.\" Separately, on Monday, Roku (ROKU) said it is adding Apple Music to its streaming TV platform, which will allow Apple Music subscribers to access the service, and their music playlists, across all Roku (ROKU) devices.","news_type":1},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9069836464,"gmtCreate":1651273948327,"gmtModify":1676534880379,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069836464","repostId":"2231600832","repostType":2,"repost":{"id":"2231600832","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1651273380,"share":"https://ttm.financial/m/news/2231600832?lang=&edition=fundamental","pubTime":"2022-04-30 07:03","market":"hk","language":"en","title":"Twitter Has Problems. How Elon Musk Can Turn the Platform -- and Social Media -- Around. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2231600832","media":"Dow Jones","summary":"By Tae Kim \n\n\n     There is plenty of skepticism over Elon Musk's Twitter deal, with some playing do","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\nBy Tae Kim \n</pre>\n<p>\n     There is plenty of skepticism over Elon Musk's <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> deal, with some playing down the buyout as a vanity project. But there's another possibility here: Musk could spark a turnaround and remake social media to society's benefit. \n</p>\n<p>\n     Assuming the deal goes through, it would be the first time Twitter (ticker: TWTR) has a technically oriented power user running the company. Those experiences should give Musk an edge in helping Twitter solve many of the issues that have long plagued the company. \n</p>\n<p>\n     Despite spending nearly $4 billion on research and development over the past five years, Twitter has little to show for it. To the glee of its advancing competitors -- including TikTok and Telegram -- the company's core offerings have gone basically unchanged for a decade. Twitter has struggled even to keep up with the competition, shuttering its short-video app Vine and its Instagram Stories clone known as Fleets. \n</p>\n<p>\n     Twitter could easily save $2 billion annually by reducing ineffective investments in R&amp;D, sales, and marketing. Musk could put those funds to better use. On hiring, he has a successful track record of attracting technical talent at his private companies. In terms of marketing, Musk generates more free publicity than anyone in the world, which would allow Twitter to slash its advertising budget. \n</p>\n<p>\n     Beyond the finances, going private is a big deal for Twitter. It would enable the company to make difficult decisions about the long-term success of the platform without myopic pressures from Wall Street. Musk has already mentioned some obvious areas of improvement, such as culling the spam accounts that make Twitter tedious to use. But there is more he can do to improve the product. \n</p>\n<p>\n     One of Musk's first efforts should be to improve Twitter's recommendation engine to encourage users to follow Twitter's best accounts, which include some of the smartest, funniest, and most fascinating people in the world. \n</p>\n<p>\n     Musk also should emphasize and improve Twitter Communities, a fairly new feature that allows users to follow conversations that match specific areas of interest. \n</p>\n<p>\n     Ultimately, Twitter needs to revamp how the platform elevates and prioritizes content. The crux of the problem is that social-media platforms have been hampered by their ad-based business models, which are incentivized to amplify content that generates viral engagement, leading to more revenue, along with partisan and toxic content. \n</p>\n<p>\n     \"The nastiness is extraordinary,\" former Walt Disney CEO Bob Iger once said about his time on Twitter. \"You turn and look at your notifications and you're immediately saying, 'Why am I doing this? Why do I endure this pain?' \" \n</p>\n<p>\n     But, with Musk's backing and Twitter's advantages, there is no reason the social-media platform can't make users happier and smarter. One way to achieve that aim is for Twitter to copy some of the best features from Reddit, the privately held social-media site that uses crowdsourced tools like voting to surface the most substantive posts. \n</p>\n<p>\n     In a podcast interview in November, Instagram co-founder Kevin Systrom said social media was ripe for disruption from a start-up that can figure out how to make a discovery mechanism for higher-quality content, while avoiding the perils of ad-based engagement models that reward bad-faith actors who use emotionally divisive posts. \n</p>\n<p>\n     The future of social networks \"is far less about people manipulating distribution and far more about, is this content good?\" Systrom said. Twitter, under Musk, can be the company that finally emphasizes content over distribution. \n</p>\n<p>\n     Meanwhile, Twitter can and should supplement its revenue by creating a more comprehensive paid subscription service. Avid Twitter users would love to pay up for an ad-free product that offers better personalization and more-advanced messaging features. \n</p>\n<p>\n     At first blush, these ideas may contradict Musk's stated dislike of content moderation and his focus on free speech. But, in reality, Musk can satisfy his desires for a more unfettered platform while improving the quality of conversation. \n</p>\n<p>\n     By defeating spam bots, he's already making a value judgment on a tweet's content. Threads filled with insults and harassment would come to a quicker end if the platform focused on amplifying quality discourse from real people. This wouldn't be censorship, but a way to improve the experience for all users. \n</p>\n<p>\n     Making Twitter into a spam-free platform with a higher signal-to-noise ratio would eventually increase usage and accelerate growth, making the company more valuable for both Musk and users. \n</p>\n<p>\n     The world's richest man has the means and the capability to fix our social-media discourse. Musk may get richer still, while once again helping humanity in the process. \n</p>\n<p>\n     Write to Tae Kim at tae.kim@barrons.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 29, 2022 19:03 ET (23:03 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Twitter Has Problems. How Elon Musk Can Turn the Platform -- and Social Media -- Around. -- Barrons.com</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\">\nTwitter Has Problems. How Elon Musk Can Turn the Platform -- and Social Media -- Around. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-04-30 07:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\nBy Tae Kim \n</pre>\n<p>\n     There is plenty of skepticism over Elon Musk's <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> deal, with some playing down the buyout as a vanity project. But there's another possibility here: Musk could spark a turnaround and remake social media to society's benefit. \n</p>\n<p>\n     Assuming the deal goes through, it would be the first time Twitter (ticker: TWTR) has a technically oriented power user running the company. Those experiences should give Musk an edge in helping Twitter solve many of the issues that have long plagued the company. \n</p>\n<p>\n     Despite spending nearly $4 billion on research and development over the past five years, Twitter has little to show for it. To the glee of its advancing competitors -- including TikTok and Telegram -- the company's core offerings have gone basically unchanged for a decade. Twitter has struggled even to keep up with the competition, shuttering its short-video app Vine and its Instagram Stories clone known as Fleets. \n</p>\n<p>\n     Twitter could easily save $2 billion annually by reducing ineffective investments in R&amp;D, sales, and marketing. Musk could put those funds to better use. On hiring, he has a successful track record of attracting technical talent at his private companies. In terms of marketing, Musk generates more free publicity than anyone in the world, which would allow Twitter to slash its advertising budget. \n</p>\n<p>\n     Beyond the finances, going private is a big deal for Twitter. It would enable the company to make difficult decisions about the long-term success of the platform without myopic pressures from Wall Street. Musk has already mentioned some obvious areas of improvement, such as culling the spam accounts that make Twitter tedious to use. But there is more he can do to improve the product. \n</p>\n<p>\n     One of Musk's first efforts should be to improve Twitter's recommendation engine to encourage users to follow Twitter's best accounts, which include some of the smartest, funniest, and most fascinating people in the world. \n</p>\n<p>\n     Musk also should emphasize and improve Twitter Communities, a fairly new feature that allows users to follow conversations that match specific areas of interest. \n</p>\n<p>\n     Ultimately, Twitter needs to revamp how the platform elevates and prioritizes content. The crux of the problem is that social-media platforms have been hampered by their ad-based business models, which are incentivized to amplify content that generates viral engagement, leading to more revenue, along with partisan and toxic content. \n</p>\n<p>\n     \"The nastiness is extraordinary,\" former Walt Disney CEO Bob Iger once said about his time on Twitter. \"You turn and look at your notifications and you're immediately saying, 'Why am I doing this? Why do I endure this pain?' \" \n</p>\n<p>\n     But, with Musk's backing and Twitter's advantages, there is no reason the social-media platform can't make users happier and smarter. One way to achieve that aim is for Twitter to copy some of the best features from Reddit, the privately held social-media site that uses crowdsourced tools like voting to surface the most substantive posts. \n</p>\n<p>\n     In a podcast interview in November, Instagram co-founder Kevin Systrom said social media was ripe for disruption from a start-up that can figure out how to make a discovery mechanism for higher-quality content, while avoiding the perils of ad-based engagement models that reward bad-faith actors who use emotionally divisive posts. \n</p>\n<p>\n     The future of social networks \"is far less about people manipulating distribution and far more about, is this content good?\" Systrom said. Twitter, under Musk, can be the company that finally emphasizes content over distribution. \n</p>\n<p>\n     Meanwhile, Twitter can and should supplement its revenue by creating a more comprehensive paid subscription service. Avid Twitter users would love to pay up for an ad-free product that offers better personalization and more-advanced messaging features. \n</p>\n<p>\n     At first blush, these ideas may contradict Musk's stated dislike of content moderation and his focus on free speech. But, in reality, Musk can satisfy his desires for a more unfettered platform while improving the quality of conversation. \n</p>\n<p>\n     By defeating spam bots, he's already making a value judgment on a tweet's content. Threads filled with insults and harassment would come to a quicker end if the platform focused on amplifying quality discourse from real people. This wouldn't be censorship, but a way to improve the experience for all users. \n</p>\n<p>\n     Making Twitter into a spam-free platform with a higher signal-to-noise ratio would eventually increase usage and accelerate growth, making the company more valuable for both Musk and users. \n</p>\n<p>\n     The world's richest man has the means and the capability to fix our social-media discourse. Musk may get richer still, while once again helping humanity in the process. \n</p>\n<p>\n     Write to Tae Kim at tae.kim@barrons.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 29, 2022 19:03 ET (23:03 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","BK4581":"高盛持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4534":"瑞士信贷持仓","BK4511":"特斯拉概念","TWTR":"Twitter","BK4099":"汽车制造商","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4574":"无人驾驶","BK4548":"巴美列捷福持仓","BK4527":"明星科技股"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2231600832","content_text":"By Tae Kim \n\n\n     There is plenty of skepticism over Elon Musk's Twitter deal, with some playing down the buyout as a vanity project. But there's another possibility here: Musk could spark a turnaround and remake social media to society's benefit. \n\n\n     Assuming the deal goes through, it would be the first time Twitter (ticker: TWTR) has a technically oriented power user running the company. Those experiences should give Musk an edge in helping Twitter solve many of the issues that have long plagued the company. \n\n\n     Despite spending nearly $4 billion on research and development over the past five years, Twitter has little to show for it. To the glee of its advancing competitors -- including TikTok and Telegram -- the company's core offerings have gone basically unchanged for a decade. Twitter has struggled even to keep up with the competition, shuttering its short-video app Vine and its Instagram Stories clone known as Fleets. \n\n\n     Twitter could easily save $2 billion annually by reducing ineffective investments in R&D, sales, and marketing. Musk could put those funds to better use. On hiring, he has a successful track record of attracting technical talent at his private companies. In terms of marketing, Musk generates more free publicity than anyone in the world, which would allow Twitter to slash its advertising budget. \n\n\n     Beyond the finances, going private is a big deal for Twitter. It would enable the company to make difficult decisions about the long-term success of the platform without myopic pressures from Wall Street. Musk has already mentioned some obvious areas of improvement, such as culling the spam accounts that make Twitter tedious to use. But there is more he can do to improve the product. \n\n\n     One of Musk's first efforts should be to improve Twitter's recommendation engine to encourage users to follow Twitter's best accounts, which include some of the smartest, funniest, and most fascinating people in the world. \n\n\n     Musk also should emphasize and improve Twitter Communities, a fairly new feature that allows users to follow conversations that match specific areas of interest. \n\n\n     Ultimately, Twitter needs to revamp how the platform elevates and prioritizes content. The crux of the problem is that social-media platforms have been hampered by their ad-based business models, which are incentivized to amplify content that generates viral engagement, leading to more revenue, along with partisan and toxic content. \n\n\n     \"The nastiness is extraordinary,\" former Walt Disney CEO Bob Iger once said about his time on Twitter. \"You turn and look at your notifications and you're immediately saying, 'Why am I doing this? Why do I endure this pain?' \" \n\n\n     But, with Musk's backing and Twitter's advantages, there is no reason the social-media platform can't make users happier and smarter. One way to achieve that aim is for Twitter to copy some of the best features from Reddit, the privately held social-media site that uses crowdsourced tools like voting to surface the most substantive posts. \n\n\n     In a podcast interview in November, Instagram co-founder Kevin Systrom said social media was ripe for disruption from a start-up that can figure out how to make a discovery mechanism for higher-quality content, while avoiding the perils of ad-based engagement models that reward bad-faith actors who use emotionally divisive posts. \n\n\n     The future of social networks \"is far less about people manipulating distribution and far more about, is this content good?\" Systrom said. Twitter, under Musk, can be the company that finally emphasizes content over distribution. \n\n\n     Meanwhile, Twitter can and should supplement its revenue by creating a more comprehensive paid subscription service. Avid Twitter users would love to pay up for an ad-free product that offers better personalization and more-advanced messaging features. \n\n\n     At first blush, these ideas may contradict Musk's stated dislike of content moderation and his focus on free speech. But, in reality, Musk can satisfy his desires for a more unfettered platform while improving the quality of conversation. \n\n\n     By defeating spam bots, he's already making a value judgment on a tweet's content. Threads filled with insults and harassment would come to a quicker end if the platform focused on amplifying quality discourse from real people. This wouldn't be censorship, but a way to improve the experience for all users. \n\n\n     Making Twitter into a spam-free platform with a higher signal-to-noise ratio would eventually increase usage and accelerate growth, making the company more valuable for both Musk and users. \n\n\n     The world's richest man has the means and the capability to fix our social-media discourse. Musk may get richer still, while once again helping humanity in the process. \n\n\n     Write to Tae Kim at tae.kim@barrons.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 29, 2022 19:03 ET (23:03 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9069108797,"gmtCreate":1651243749164,"gmtModify":1676534877255,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"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/9069108797","repostId":"2231623453","repostType":2,"repost":{"id":"2231623453","pubTimestamp":1651246500,"share":"https://ttm.financial/m/news/2231623453?lang=&edition=fundamental","pubTime":"2022-04-29 23:35","market":"us","language":"en","title":"Buy These 6 No-Brainer Blue-Chip Bargains Before This Bear Market Ends","url":"https://stock-news.laohu8.com/highlight/detail?id=2231623453","media":"seekingalpha","summary":"Madmaxer/iStock via Getty Images It's been a wild year for stocks so far. Ycharts While the S&P (SPY","content":"<html><body><p><figure><picture><img height=\"1479px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/669888030/image_669888030.jpg?io=getty-c-w240 240w\" width=\"1536px\"/></picture><figcaption><p>Madmaxer/iStock via Getty Images</p></figcaption></figure></p> <p>It's been a wild year for stocks so far.</p> <p><figure><picture><span><img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-1651160234941406.png\" vspace=\"6\"/></span></picture><figcaption><p>Ycharts</p></figcaption></figure></p> <p>While the S&amp;P (SPY) is down just 12% from its highs, the Nasdaq has hit -22% and fallen into a bear market.</p> <p><figure><picture><span><img height=\"550\" hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511602866081753.jpg\" vspace=\"6\" width=\"640\"/></span></picture><figcaption><p>Daily Shot</p></figcaption></figure></p> <p>And the<span> Nasdaq (</span>QQQ<span>) is having its worst month since November 2008, when Lehman Brothers went bankrupt and plunged the world into the worst financial crisis since the Great Depression.</span></p> <p>The S&amp;P 500 isn't much better off, recently falling a remarkable 9% on the month.</p> <p>And of course, it's always and forever a market of stocks, not a stock market.</p> <h4>If You Feel Bad About Your Portfolio Remember It Could Be Worse</h4> <p><figure><picture><span><img height=\"611\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511607125704675.jpg\" width=\"640\"/></span></picture><figcaption><p>Charlie Bilello</p></figcaption></figure></p> <p>And TDOC just missed on earnings and got cut in half!</p> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511616377097435.png\"/></span></picture><figcaption><p>Ycharts</p></figcaption></figure></p> <p>And TDOC still trades at 15X FORWARD sales. Needless to say, the fastest Fed hiking cycle in 40 years is not a good time to be overweight speculative and non-profitable tech.</p> <ul><li>Why Stocks Are Down 9% In April And 6 Amazing Dividend Aristocrat Bargains</li></ul> <p>This article explains why stocks are crashing, but today I want to help potentially answer the question that many growth investors are desperate to know.</p> <p>When might this bear market finally end?</p> <h2>When This Bear Market Might End</h2> <p>Let me preface this with an important quote from Peter Lynch.</p> <blockquote><p>\"Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested.\" - Peter Lynch</p></blockquote> <p>I'm providing this for CONTEXT, not market timing purposes.</p> <h4>98% Of Market Timers Fail</h4> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/21/47572571-16505398972002046.jpg\"/></span></picture><figcaption><p>The True Cost Of Market Timing (JPMorgan Asset Management )</p></figcaption></figure></p> <p>According to JPMorgan and Fidelity, 98% of market timers fail to make money over time.</p> <ul><li>100% of index fund long-term buy and hold investors make money over time</li></ul> <blockquote><p>\"Trying to time the market will churn your portfolio to death.\" - Joshua Brown, Ritholtz Wealth Management</p></blockquote> <p>But to address the issue of when this bear market MIGHT end we can consider three things.</p> <ul> <li>technical indicators (what traders and computer algos use to determine when to buy and sell)</li> <li>blue-chip economist forecasting models</li> <li>fundamentals</li> </ul> <h4>Nasdaq Has Strong Support At 13,000, 12,450</h4> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511659000104227.png\"/></span></picture><figcaption><p>Trading View</p></figcaption></figure> <figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511664717836921.png\"/></span></picture><figcaption><p>Trading View</p></figcaption></figure></p> <span><table> <colgroup> <col/> <col/> </colgroup> <tr> <td>Support Level 1</td> <td>13,000</td> </tr> <tr> <td>Support Level 2</td> <td>12,450</td> </tr> <tr> <td>Distance From Support Level 1</td> <td>2.88%</td> </tr> <tr> <td>Distance From Support Level 2</td> <td>7.0%</td> </tr> <tr> <td>Total Market Correction To Support Level 1</td> <td>22.5%</td> </tr> <tr> <td>Total Market Correction To Support Level 2</td> <td>25.7%</td> </tr> <tr> <td><strong>Currently Below All-Time High</strong></td> <td><strong>20.16%</strong></td> </tr> </table></span> <p><em>(Source: DK S&amp;P 500 Valuation &amp; Total Return Tool)</em></p> <p>The Nasdaq held strong support at 22.5% of its highs, just as many computer algos were programmed to make happen.</p> <ul><li>support levels have nothing to do with fundamentals but do affect what traders do</li></ul> <p>If the Nasdaq breaks through this support level, then the next <a href=\"https://laohu8.com/S/AONE.U\">one</a> is at 12,450, at about -25.7% from record highs.</p> <ul><li>-25% is a potentially prudent place for a limit if you want to buy QQQ for your portfolio</li></ul> <p>What about the S&amp;P 500?</p> <h4>S&amp;P 500 Has Strong Support At 4,160, Modest At 3,410</h4> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-1651167351382367.png\"/></span></picture><figcaption><p>Trading View</p></figcaption></figure> <figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511674745556083.png\"/></span></picture><figcaption><p>Trading View</p></figcaption></figure></p> <span><table> <colgroup> <col/> <col/> </colgroup> <tr> <td>Support Level 1</td> <td>4,160</td> </tr> <tr> <td>Support Level 2</td> <td>3,410</td> </tr> <tr> <td>Distance From Support Level 1</td> <td>2.80%</td> </tr> <tr> <td>Distance From Support Level 2</td> <td>20.3%</td> </tr> <tr> <td>Total Market Correction To Support Level 1</td> <td>13.7%</td> </tr> <tr> <td>Total Market Correction To Support Level 2</td> <td>29.2%</td> </tr> </table></span> <p><em>(Source: DK S&amp;P 500 Valuation &amp; Total Return Tool)</em></p> <p>The S&amp;P also just held su[port and is on the verge of potentially rallying a bit more.</p> <p>If support fails here then the next one isn't for a long while, potentially a 29% bear market bottom.</p> <p>So that's what the technicals say (or at least some of the major support levels).</p> <p>What about timing? Can technical analysis offer any insight here?</p> <p><figure><picture><img height=\"402\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-1651167705203934.jpg\" width=\"338\"/></picture><figcaption><p>Trade Station</p></figcaption></figure></p> <p>Quadruple witching is when four kinds of options expire.</p> <ul><li>options are LEVERAGED derivatives whose option expiration can increase the volatility of the market (usually to the downside)</li></ul> <p>The day of quad witching expiration, or the Monday after, has sometimes (but not always) been the bottom of major corrections and bear markets.</p> <ul> <li>March 24th, 2018 (20% correction bottom) - Monday after the quad witching</li> <li>March 23rd, 2020 (Pandemic Low) - Monday after the quad witching</li> <li>January 17th, 2022 (Monday after regular option expiration) - Nasdaq goes from -4% to +1% in four hours</li> </ul> <p>Thus if I had to make an educated guess about when the bear market MIGHT bottom I'd say Friday, June 17th, or Monday, June 20th is a reasonable time frame.</p> <p>And it's one that <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> and JPMorgan agree with.</p> <ul> <li>JPMorgan notes that the market usually bottoms within 1 to 3 months of the 1st rate hike</li> <li>April 17th to <em>June 17th (Quad witching)</em> </li> </ul> <blockquote> <p>\"<em>The S&amp;P 500 is set to join the bear market within weeks,</em> as it faces a sharp pullback amid fears of aggressive Federal Reserve policy and soaring inflation, according to Morgan Stanley's top US equity strategist...</p> <p>Last week's \"fairly ominous\" performance in both defensive stocks and cyclicals, like energy and materials, <em>suggests investors are aware an economic slowdown is closing in</em>, Mike Wilson told CNBC Monday.</p> <p>\"And that tells me we're going into this final phase, which the good news. <em>The silver lining… is that maybe we can finally complete this bear market over the next month or so,\"</em> he said. Wilson added that <em>a 20% pullback for the S&amp;P 500 from its January high of 4,800 would \"complete\" the ongoing bear market...</em></p> <p>A fall of that size would take the S&amp;P 500 to a level of 3,900, around 9% lower than Tuesday's level of 4,296...</p> <p>The reason Wilson, who has a year-end target of 4,400 for the S&amp;P 500, is bearish on the market in the near term is that he believes a slowdown in growth will determine how stocks trade.\" - Business Insider (emphasis added)</p> </blockquote> <p>Morgan Stanley is rather adamant that the S&amp;P is going to fall 20% from its peak.</p> <ul> <li>just like 2011</li> <li>just like 2018</li> </ul> <p>And potentially bottoming within the next month (within the time frame JPMorgan expects).</p> <p>Both of those years saw growth scares and just like in 2011 and 2018 Morgan Stanley thinks the market bottoms right at this bear market point.</p> <ul><li>2019 was a 31% year for the S&amp;P</li></ul> <p>And Citi agrees with Morgan and JPMorgan.</p> <blockquote><p>\"According to analyst Michael Rollins, the fallout of a recession would be \"felt mostly\" in the first half of 2023, <em>could hit earnings by 10%</em>, and bring the <em>S&amp;P 500 down to 3,650,</em> with the response from investors to be earlier \"on both the way in and out,\" as with previous recessions.\" - Seeking Alpha</p></blockquote> <p>Citi's economists estimate that, IF we got a recession in 2023, earnings will fall about 33% less than the historical average recession.</p> <p>They also expect a peak decline of 24%, similar to the 1991 Gulf war recession (-21%).</p> <p><figure><picture><img height=\"335\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-1651169266485724.jpg\" width=\"595\"/></picture><figcaption><p>Ben Carlson</p></figcaption></figure></p> <p>Non-recessionary bear markets tend to bottom around -20%.</p> <p>And guess what else justifies a 20% bear market bottom in the S&amp;P 500 (and a similar decline in the Nasdaq)?</p> <h4>Valuations Justify A 20% Bear Market Bottom</h4> <span><table> <colgroup> <col/> <col/> <col/> <col/> <col/> <col/> <col/> </colgroup> <tr> <td><strong>Year</strong></td> <td><strong>EPS Consensus</strong></td> <td><strong>YOY Growth</strong></td> <td><strong>Forward PE</strong></td> <td><strong>Blended PE</strong></td> <td><strong>Overvaluation (Forward PE)</strong></td> <td><p><strong>Overvaluation (Blended PE)</strong></p></td> </tr> <tr> <td>2021</td> <td>$206.11</td> <td>50.16%</td> <td>20.7</td> <td>21.3</td> <td>20%</td> <td>21%</td> </tr> <tr> <td>2022</td> <td>$227.48</td> <td>10.37%</td> <td>18.8</td> <td>19.8</td> <td>10%</td> <td>12%</td> </tr> <tr> <td>2023</td> <td>$249.78</td> <td>9.80%</td> <td>17.2</td> <td>18.0</td> <td>0%</td> <td>2%</td> </tr> <tr> <td>2024</td> <td>$275.96</td> <td>10.48%</td> <td>15.5</td> <td>16.3</td> <td>-10%</td> <td>-7%</td> </tr> <tr> <td><strong>12-Month forward EPS</strong></td> <td><strong>12-Month Forward PE</strong></td> <td><strong>Historical Overvaluation</strong></td> <td><strong>PEG</strong></td> <td><strong>25-Year Average PEG</strong></td> <td><strong>S&amp;P 500 Dividend Yield</strong></td> <td><p><strong>25-Year Average Dividend Yield</strong></p></td> </tr> <tr> <td>$234.04</td> <td><strong>18.359</strong></td> <td><strong>8.96%</strong></td> <td>2.16</td> <td>3.62</td> <td>1.47%</td> <td>2.01%</td> </tr> </table></span> <p><em>(Source: DK S&amp;P 500 Valuation &amp; Total Return Tool)</em></p> <p>The S&amp;P is historically 9% overvalued compared to its 10, 25, and 45-year average forward PE.</p> <p>Do you know what value gets it right back to historical fair value?</p> <ul> <li>3,944</li> <li>right near where Morgan Stanley thinks the market will bottom by the end of May</li> <li>8% below where we are today</li> </ul> <p><strong>Historical Cash-Adjusted Valuations On S&amp;P, Nasdaq, And The Dow</strong></p> <span><table> <colgroup> <col/> <col/> <col/> <col/> <col/> <col/> </colgroup> <tr> <td><strong>S&amp;P 500</strong></td> <td> </td> <td><strong>Nasdaq</strong></td> <td> </td> <td><p><strong>Dow Jones Industrial Average</strong></p></td> <td> </td> </tr> <tr> <td>Year</td> <td>EV/EBITDA (Net Cash -Adjusted Earnings)</td> <td>Year</td> <td>EV/EBITDA (Net Cash -Adjusted Earnings)</td> <td>Year</td> <td><p>EV/EBITDA (Net Cash -Adjusted Earnings)</p></td> </tr> <tr> <td>2008</td> <td>5.83</td> <td>2008</td> <td>7.16</td> <td>2008</td> <td>5.97</td> </tr> <tr> <td>2009</td> <td>8.81</td> <td>2009</td> <td>10.73</td> <td>2009</td> <td>8.82</td> </tr> <tr> <td>2010</td> <td>8.59</td> <td>2010</td> <td>10.45</td> <td>2010</td> <td>8.23</td> </tr> <tr> <td>2011</td> <td>7.96</td> <td>2011</td> <td>9.1</td> <td>2011</td> <td>7.53</td> </tr> <tr> <td>2012</td> <td>8.37</td> <td>2012</td> <td>8.82</td> <td>2012</td> <td>7.6</td> </tr> <tr> <td>2013</td> <td>9.82</td> <td>2013</td> <td>11.45</td> <td>2013</td> <td>9.43</td> </tr> <tr> <td>2014</td> <td>10.47</td> <td>2014</td> <td>11.96</td> <td>2014</td> <td>9.98</td> </tr> <tr> <td>2015</td> <td>10.21</td> <td>2015</td> <td>10.63</td> <td>2015</td> <td>9.91</td> </tr> <tr> <td>2016</td> <td>11.91</td> <td>2016</td> <td>12.56</td> <td>2016</td> <td>13.39</td> </tr> <tr> <td>2017</td> <td>12.42</td> <td>2017</td> <td>14.29</td> <td>2017</td> <td>12.8</td> </tr> <tr> <td>2018</td> <td>11.88</td> <td>2018</td> <td>13.01</td> <td>2018</td> <td>11.93</td> </tr> <tr> <td>2019</td> <td>12.52</td> <td>2019</td> <td>14.38</td> <td>2019</td> <td>12.91</td> </tr> <tr> <td>2020</td> <td>17.11</td> <td>2020</td> <td>20.16</td> <td>2020</td> <td>18.25</td> </tr> <tr> <td>2021</td> <td>14.91</td> <td>2021</td> <td>17.36</td> <td>2021</td> <td>14.62</td> </tr> <tr> <td>2022</td> <td>12.69</td> <td>2022</td> <td>14.59</td> <td>2022</td> <td>12.91</td> </tr> <tr> <td>Average</td> <td>10.90</td> <td>Average</td> <td>12.44</td> <td>Average</td> <td>10.95</td> </tr> <tr> <td>Median</td> <td>11.24</td> <td>Median</td> <td>12.80</td> <td>Median</td> <td>11.28</td> </tr> <tr> <td>Current</td> <td>12.69</td> <td>Current</td> <td>14.59</td> <td>Current</td> <td>12.91</td> </tr> <tr> <td>Historically Overvalued</td> <td>12.92%</td> <td>Historically Overvalued</td> <td>14.02%</td> <td>Historically Overvalued</td> <td>14.41%</td> </tr> <tr> <td>Current Value</td> <td> </td> <td>Current Value</td> <td> </td> <td>Current Value</td> <td> </td> </tr> <tr> <td>4284</td> <td> </td> <td>12855</td> <td> </td> <td>33897</td> <td> </td> </tr> <tr> <td><p>Historical Fair Value Price</p></td> <td> </td> <td><p>Historical Fair Value Price</p></td> <td> </td> <td><p>Historical Fair Value Price</p></td> <td> </td> </tr> <tr> <td><p>2022 Consensus EV/EBITDA Per Share</p></td> <td> </td> <td><p>2022 Consensus EV/EBITDA Per Share</p></td> <td> </td> <td><p>2022 Consensus EV/EBITDA Per Share</p></td> <td> </td> </tr> <tr> <td>$337.59</td> <td> </td> <td>$881.08</td> <td> </td> <td>$2,625.64</td> <td> </td> </tr> <tr> <td><p>2022 EV/EBITDA Fair Value</p></td> <td> </td> <td><p>2022 EV/EBITDA Fair Value</p></td> <td> </td> <td><p>2022 EV/EBITDA Fair Value</p></td> <td> </td> </tr> <tr> <td>3,793.82</td> <td> </td> <td>11,273.95</td> <td> </td> <td>29,628.06</td> <td> </td> </tr> <tr> <td>Record High</td> <td> </td> <td>Record High</td> <td> </td> <td>Record High</td> <td> </td> </tr> <tr> <td>4818.62</td> <td> </td> <td>16,764.86</td> <td> </td> <td>36,799.65</td> <td> </td> </tr> <tr> <td><p><strong>Distance Below Record High At Historical Fair Value</strong></p></td> <td> </td> <td><p><strong>Distance Below Record High At Historical Fair Value</strong></p></td> <td> </td> <td><p><strong>Distance Below Record High At Historical Fair Value</strong></p></td> <td> </td> </tr> <tr> <td><strong>21.27%</strong></td> <td> </td> <td> <strong>32.75%</strong> (10% below current levels)</td> <td> </td> <td><strong>19.49%</strong></td> <td> </td> </tr> </table></span> <p><em>(Source: DK S&amp;P 500 Valuation &amp; Total Return Tool)</em></p> <p>If each benchmark returned to its modern-era EV/EBITDA-based fair value, then the market could be expected to bottom around 10% lower.</p> <ul><li>within 3% of Morgan Stanley's estimate</li></ul> <p><strong>So to summarize:</strong></p> <ul> <li>technical support levels</li> <li>Citi, Morgan Stanley, and JPMorgan</li> <li>fundamentals and valuations</li> <li>market history</li> <li>all point to the same <em>POTENTIAL </em>end to this bear market</li> <li><em>about -20% on the S&amp;P and around -30% on the Nasdaq</em></li> <li><em>within the next month or two</em></li> </ul> <p>So why am I not recommending you wait for the market to hit exactly -20% before putting all your money to work?</p> <p>Because finance is a <em>STATISTICAL and PROBABILISTIC science.</em></p> <p>There are no certainties, only probabilities.</p> <blockquote><p>It's better to be approximately right, than precisely wrong.\" - Warren Buffett</p></blockquote> <p>Buying a great company, like the one or all of the six I'm presenting today, at a good to great price, is all that you need to retire in safety and splendor over the long-term.</p> <ul> <li>don't miss out on potentially thousands of % gains trying to pick up another 10% lower price</li> <li>in 10+ years you won't remember how close to the bottom you bought</li> <li>it won't matter</li> </ul> <p>Or to put it another way, paraphrasing Casablanca:</p> <p><em>If the market leaves the ground and you haven't bought some blue-chip bargains, you'll regret it. Maybe not today. Maybe not tomorrow, but soon and for the rest of your life.</em></p> <h2>6 Blue-Chip Bargains To Buy Before The Bear Market Ends</h2> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511648807996874.png\"/></span></picture><figcaption><p>DK Zen Research Terminal</p></figcaption></figure></p> <ul> <li> Magellan Midstream Partners (MMP) - uses a K1 tax form</li> <li> Legal &amp; General (OTCPK:LGGNY)</li> <li> British American Tobacco (BTI)</li> <li> Taiwan Semiconductor (TSM)</li> <li> Autodesk (ADSK)</li> <li> Amazon (AMZN)</li> </ul> <p>I've linked to articles providing detailed coverage of each company's investment thesis and risk profile.</p> <p>Why these companies?</p> <ul> <li>6 companies from three countries on three continents</li> <li>in five sectors</li> </ul> <p>And just take a look at their quality.</p> <h4>World-Class Fundamentals You Can Trust In Any Economy</h4> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511730874114926.png\"/></span></picture><figcaption><p>DK Zen Research Terminal</p></figcaption></figure></p> <p>For context, the average aristocrat has</p> <ul> <li>87% quality</li> <li>89% safety score</li> <li>84% dependability</li> <li>67% LT risk-management percentile</li> </ul> <p>These are companies superior in quality, safety, and dependability to the aristocrats.</p> <p>They are Ultra SWANs, as close to perfect quality companies as exist on Wall Street.</p> <p>And this 4.2% yield? It's one of the safest on earth. How safe?</p> <span><table> <colgroup> <col/> <col/> <col/> <col/> </colgroup> <tr> <td><strong>Rating</strong></td> <td><strong>Dividend Kings Safety Score (161 Point Safety Model)</strong></td> <td><strong>Approximate Dividend Cut Risk (Average Recession)</strong></td> <td><p><strong>Approximate Dividend Cut Risk In Pandemic Level Recession</strong></p></td> </tr> <tr> <td>1 - unsafe</td> <td>0% to 20%</td> <td>over 4%</td> <td>16+%</td> </tr> <tr> <td>2- below average</td> <td>21% to 40%</td> <td>over 2%</td> <td>8% to 16%</td> </tr> <tr> <td>3 - average</td> <td>41% to 60%</td> <td>2%</td> <td>4% to 8%</td> </tr> <tr> <td>4 - safe</td> <td>61% to 80%</td> <td>1%</td> <td>2% to 4%</td> </tr> <tr> <td>5- very safe</td> <td>81% to 100%</td> <td>0.5%</td> <td>1% to 2%</td> </tr> <tr> <td><strong>6 Blue-Chip Bargains</strong></td> <td><strong>91%</strong></td> <td><strong>0.5%</strong></td> <td><strong>1.50%</strong></td> </tr> <tr> <td>Risk Rating</td> <td>Low-Risk (76th industry percentile risk-management consensus)</td> <td>A- Stable outlook credit rating 3.2% 30-year bankruptcy risk</td> <td><p>20% OR LESS Max Risk Cap Recommendation (Each)</p></td> </tr> </table></span> <p><em>(Source: DK Research Terminal)</em></p> <p>The average dividend cut risk in an average historical recession is about 1 in 200 and the risk of a cut in a severe recession is about 1 in 67.</p> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511737711040893.png\"/></span></picture><figcaption><p>DK Zen Research Terminal</p></figcaption></figure></p> <p>S&amp;P estimates the average risk of bankruptcy is 3.2% for each of these companies, an A- stable credit rating.</p> <p>Six rating agencies estimate their average long-term risk-management in the top 24% of industry peers.</p> <span><table> <tr> <td><strong>Classification</strong></td> <td><strong>Average Consensus LT Risk-Management Industry Percentile</strong></td> <td><p><strong>Risk-Management Rating</strong></p></td> </tr> <tr> <td>S&amp;P Global (SPGI) #1 Risk Management In The Master List</td> <td>94</td> <td>Exceptional</td> </tr> <tr> <td>Strong ESG Stocks</td> <td>78</td> <td><p>Good - Bordering On Very Good</p></td> </tr> <tr> <td><strong>6 Blue-Chip Bargains</strong></td> <td><strong>76</strong></td> <td><strong>Good</strong></td> </tr> <tr> <td>Foreign Dividend Stocks</td> <td>75</td> <td>Good</td> </tr> <tr> <td><strong>Ultra SWANs</strong></td> <td><strong>71</strong></td> <td><strong>Good</strong></td> </tr> <tr> <td>Low Volatility Stocks</td> <td>68</td> <td>Above-Average</td> </tr> <tr> <td>Dividend Aristocrats</td> <td>67</td> <td>Above-Average</td> </tr> <tr> <td>Dividend Kings</td> <td>63</td> <td>Above-Average</td> </tr> <tr> <td><strong>Master List average</strong></td> <td><strong>62</strong></td> <td><strong>Above-Average</strong></td> </tr> <tr> <td>Hyper-Growth stocks</td> <td>61</td> <td>Above-Average</td> </tr> <tr> <td>Monthly Dividend Stocks</td> <td>60</td> <td>Above-Average</td> </tr> <tr> <td>Dividend Champions</td> <td>57</td> <td>Average</td> </tr> </table></span> <p><em>(Source: DK Research Terminal)</em></p> <p>And it's not just the quality of these blue-chips that's exceptional, their valuation is too.</p> <h4>Wonderful Companies At Wonderful Prices</h4> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-16511744041229002.png\"/></span></picture><figcaption><p>DK Zen Research Terminal</p></figcaption></figure></p> <p>These companies are 29% historically undervalued, trading at an average PE of 14.6X.</p> <ul> <li>1.26 PEG</li> <li>growth at a reasonable price</li> </ul> <p>Analysts expect 45% total returns in the next year alone and 47% total returns are justified by their fundamentals.</p> <p>And just take a look at their long-term return fundamentals.</p> <h4>Long-Term Return Fundamentals Rich Retirement Dreams Are Built On</h4> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/28/47572571-1651174734682689.png\"/></span></picture><figcaption><p>DK Zen Research Terminal</p></figcaption></figure></p> <p>The Nasdaq yields 0.8% and analysts expect 14.3% long-term earnings growth.</p> <p>The S&amp;P yields 1.5% and analysts expect 8.5% long-term earnings growth.</p> <p>The dividend aristocrats yield 2.2% and analysts expect 8.9% earnings growth.</p> <p>Junk bonds yield 4.4% and there is zero growth potential.</p> <p>These no-brainer blue-chip bargains offer a 4.2% very safe yield today, and 15% long-term growth potential.</p> <p>As well as a 19.3% long-term return potential.</p> <ul><li>Buffett-like return potential form blue-chip bargains hiding in plain sight</li></ul> <p>What does that potentially mean for your retirement portfolio?</p> <h4>Inflation-Adjusted Consensus Return Potential: $1,000 Initial Investment</h4> <span><table> <colgroup> <col/> <col/> <col/> <col/> <col/> </colgroup> <tr> <td><strong>Time Frame (Years)</strong></td> <td><strong>7.4% CAGR Inflation-Adjusted S&amp;P Consensus</strong></td> <td><strong>8.6% Inflation-Adjusted Aristocrat Consensus</strong></td> <td><strong>16.8% CAGR Inflation-Adjusted No-Brainer Blue-Chip Bargain Consensus</strong></td> <td><strong>Difference Between Inflation Adjusted No-Brainer Blue-Chip Bargain And S&amp;P Consensus</strong></td> </tr> <tr> <td>5</td> <td>$1,429.63</td> <td>$1,511.29</td> <td>$2,174.70</td> <td>$745.07</td> </tr> <tr> <td>10</td> <td>$2,043.84</td> <td>$2,284.01</td> <td>$4,729.34</td> <td>$2,685.50</td> </tr> <tr> <td>15</td> <td>$2,921.94</td> <td>$3,451.81</td> <td>$10,284.91</td> <td>$7,362.97</td> </tr> <tr> <td>20</td> <td>$4,177.29</td> <td>$5,216.70</td> <td>$22,366.63</td> <td>$18,189.34</td> </tr> <tr> <td>25</td> <td>$5,971.97</td> <td>$7,883.98</td> <td>$48,640.79</td> <td>$42,668.81</td> </tr> <tr> <td><strong>30</strong></td> <td><strong>$8,537.71</strong></td> <td><strong>$11,915.01</strong></td> <td><strong>$105,779.31</strong></td> <td><strong>$97,241.60</strong></td> </tr> </table></span> <p><em>(Source: DK Research Terminal, FactSet)</em></p> <span><table> <colgroup> <col/> <col/> <col/> </colgroup> <tr> <td><strong>Time Frame (Years)</strong></td> <td><strong>Ratio Aristocrats/S&amp;P</strong></td> <td><strong>Ratio Inflation-Adjusted Aristocrat Bargain Consensus And S&amp;P Consensus</strong></td> </tr> <tr> <td>5</td> <td>1.06</td> <td>1.52</td> </tr> <tr> <td>10</td> <td>1.12</td> <td>2.31</td> </tr> <tr> <td><strong>15</strong></td> <td><strong>1.18</strong></td> <td><strong>3.52</strong></td> </tr> <tr> <td>20</td> <td>1.25</td> <td>5.35</td> </tr> <tr> <td>25</td> <td>1.32</td> <td>8.14</td> </tr> <tr> <td><strong>30</strong></td> <td><strong>1.40</strong></td> <td><strong>12.39</strong></td> </tr> </table></span> <p><em>(Source: DK Research Terminal, FactSet)</em></p> <p>These blue-chips have the potential to deliver life-changing wealth and beat the market by 12X over the next 30 years.</p> <p>Even over just the next 10 years, analysts think they could beat the market by 3.5X.</p> <p>Ok, this sounds amazing, but what evidence is there that these Ultra SWANs can actually deliver close to 19% returns over time.</p> <h2>Historical Returns Since 2002 (Annual Rebalancing)</h2> <blockquote><p>\"The future doesn't repeat, but it often rhymes.\" - Mark Twain</p></blockquote> <p>Past performance is no guarantee of future results, but studies show that blue-chips with relatively stable fundamentals over time offer predictable returns based on yield, growth, and valuation mean reversion.</p> <p><figure><picture><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/2/28/47572571-16460735475620584.jpg\"/></span></picture><figcaption><p>Bank of America</p></figcaption></figure><figure><figcaption><p>So let's take a look at how these Ultra SWAN bargains have performed over the last 20 years when 91% of total returns were the result of fundamentals, not luck.</p></figcaption></figure></p> <ul> <li>21.7% CAGR total returns vs Nasdaq's 11.7% and S&amp;P's 8.6%</li> <li>2X better negative volatility-adjusted total returns than the Nasdaq and S&amp;P</li> </ul> <p>Over the last 20 years adjusted for inflation:</p> <ul> <li>S&amp;P up 3.3X adjusted</li> <li>Nasdaq up 5.8X</li> <li>These Ultra SWANs up 33.3X</li> </ul> <p>And don't forget about the dividends.</p> <span><table> <colgroup> <col/> <col/> <col/> <col/> <col/> <col/> </colgroup> <tr> <td><strong>Portfolio</strong></td> <td><strong>2008 Income Per $1,000 Investment</strong></td> <td><strong>2021 Income Per $1,000 Investment</strong></td> <td><strong>Annual Income Growth</strong></td> <td><strong>Starting Yield</strong></td> <td><strong>2021 Yield On Cost</strong></td> </tr> <tr> <td>No-Brainer Blue-Chips</td> <td>$27</td> <td>$2,271</td> <td>26.27%</td> <td>2.7%</td> <td>227.1%</td> </tr> </table></span> <p><em>(Source: Portfolio Visualizer Premium)</em></p> <p>These Ultra SWANs delivered an incredible 26% income growth thanks to rebalancing into undervalued high-yield blue-chips and reinvesting dividends.</p> <p>That turned a 2.7% yield into a 227% yield on cost.</p> <p>What about the future?</p> <span><table> <colgroup> <col/> <col/> <col/> <col/> </colgroup> <tr> <td><strong>Analyst Consensus Income Growth Forecast</strong></td> <td><strong>Risk-Adjusted Expected Income Growth</strong></td> <td><strong>Risk And Tax-Adjusted Expected Income Growth</strong></td> <td><p><strong>Risk, Inflation, And Tax Adjusted Income Growth Consensus</strong></p></td> </tr> <tr> <td>23.3%</td> <td>16.3%</td> <td>13.9%</td> <td>11.4%</td> </tr> </table></span> <p><em>(Source: DK Research Terminal, FactSet)</em></p> <p>Analysts expect 23% long-term income growth which adjusted for the risk of companies not growing as expected, inflation, and taxes is 11.4%.</p> <p>Now compare that to what they expect from the S&amp;P 500.</p> <span><table> <tr> <td><strong>Time Frame</strong></td> <td><strong>S&amp;P Inflation-Adjusted Dividend Growth</strong></td> <td><strong>S&amp;P Inflation-Adjusted Earnings Growth</strong></td> </tr> <tr> <td>1871-2021</td> <td>1.6%</td> <td>2.1%</td> </tr> <tr> <td>1945-2021</td> <td>2.4%</td> <td>3.5%</td> </tr> <tr> <td>1981-2021 (Modern Falling Rate Era)</td> <td>2.8%</td> <td>3.8%</td> </tr> <tr> <td>2008-2021 (Modern Low Rate Era)</td> <td>3.5%</td> <td>6.2%</td> </tr> <tr> <td><strong>FactSet Future Consensus</strong></td> <td><strong>2.0%</strong></td> <td><strong>5.2%</strong></td> </tr> </table></span> <p><em>(Sources: S&amp;P, FactSet, Multipl.com)</em></p> <p>What about a 60/40 retirement portfolio?</p> <ul><li>0.5% consensus inflation, risk, and tax-adjusted income growth.</li></ul> <p>In other words, these 6 blue-chip bargains offer</p> <ul> <li>almost 3X the market's yield (and a much safer yield at that)</li> <li>nearly 6X its long-term inflation-adjusted consensus income growth potential</li> <li><em>12X better long-term inflation-adjusted income growth than a 60/40 retirement portfolio</em></li> </ul> <h2>Bottom Line: Embrace This Volatility And Buy The Blue-Chip Bargains That Can Make You Rich</h2> <p>This bear market might seem scary, but it's your best friend if you know how to manage risk correction.</p> <blockquote><p>\"Volatility isn't risk, it's the source of future returns.\" - Joshua Brown, CEO of Ritholtz Wealth Management</p></blockquote> <p>I can't tell you what will happen with the economy this year, or next year, no one can.</p> <p>No one knows how many times the Fed will hike in the next 18 months, and for sure no one knows what Putin is going to do in Ukraine.</p> <p>How long will China continue to shut down over COVID? Your guess is as good as mine.</p> <p>But here's what I can tell you about AMZN, TSM, ADSK, BTI, MMP, and LGGNY:</p> <ul> <li>4.2% very safe yield</li> <li>A- average credit rating</li> <li>29% undervalued</li> <li>15.1% long-term growth consensus</li> <li>19.3% long-term return potential (vs 21.7% for the last 20 years)</li> <li>analyst consensus 46% total return in the next year (47% justified)</li> </ul> <p>To paraphrase Casablanca:</p> <p><em>If the market leaves the ground and you haven't bought some blue-chip bargains, you'll regret it. Maybe not today. Maybe not tomorrow, but soon and for the rest of your life.</em></p> <p>This bear market might last another year, or it might be over in a month.</p> <p>Don't look a gift horse in the mouth.</p> <p>Don't get too cute.</p> <p>When it's raining the world's best blue-chip bargains from the sky, it's time to bend it like Buffett and start to buy, buy, buy.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy These 6 No-Brainer Blue-Chip Bargains Before This Bear Market Ends</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\">\nBuy These 6 No-Brainer Blue-Chip Bargains Before This Bear Market Ends\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-29 23:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4504985-buy-no-brainer-blue-chip-bargains-before-bear-market-ends><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Madmaxer/iStock via Getty Images It's been a wild year for stocks so far. Ycharts While the S&P (SPY) is down just 12% from its highs, the Nasdaq has hit -22% and fallen into a bear market. Daily Shot...</p>\n\n<a href=\"https://seekingalpha.com/article/4504985-buy-no-brainer-blue-chip-bargains-before-bear-market-ends\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","BK4524":"宅经济概念","BK4535":"淡马锡持仓","QQQ":"纳指100ETF","UPRO":"三倍做多标普500ETF","BK4538":"云计算","BK4527":"明星科技股","BK4579":"人工智能","BK4141":"半导体产品","BK4526":"热门中概股","IVV":"标普500指数ETF","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4122":"互联网与直销零售",".SPX":"S&P 500 Index","OEX":"标普100","MS":"摩根士丹利","SSO":"两倍做多标普500ETF","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","SH":"标普500反向ETF","BK4581":"高盛持仓","TSM":"台积电","BK4504":"桥水持仓","BK4512":"苹果概念","SPXU":"三倍做空标普500ETF","BTI":"英美烟草","AMZN":"亚马逊","BK4548":"巴美列捷福持仓","BK4112":"金融交易所和数据","SPGI":"标普全球","BK4127":"投资银行业与经纪业","ADSK":"欧特克","SPY":"标普500ETF","BK4528":"SaaS概念","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4144":"石油与天然气的储存和运输","OEF":"标普100指数ETF-iShares","BK4162":"人寿与健康保险","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4075":"烟草","SDS":"两倍做空标普500ETF","BK4566":"资本集团","LGGNY":"Legal & General Group Plc"},"source_url":"https://seekingalpha.com/article/4504985-buy-no-brainer-blue-chip-bargains-before-bear-market-ends","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2231623453","content_text":"Madmaxer/iStock via Getty Images It's been a wild year for stocks so far. Ycharts While the S&P (SPY) is down just 12% from its highs, the Nasdaq has hit -22% and fallen into a bear market. Daily Shot And the Nasdaq (QQQ) is having its worst month since November 2008, when Lehman Brothers went bankrupt and plunged the world into the worst financial crisis since the Great Depression. The S&P 500 isn't much better off, recently falling a remarkable 9% on the month. And of course, it's always and forever a market of stocks, not a stock market. If You Feel Bad About Your Portfolio Remember It Could Be Worse Charlie Bilello And TDOC just missed on earnings and got cut in half! Ycharts And TDOC still trades at 15X FORWARD sales. Needless to say, the fastest Fed hiking cycle in 40 years is not a good time to be overweight speculative and non-profitable tech. Why Stocks Are Down 9% In April And 6 Amazing Dividend Aristocrat Bargains This article explains why stocks are crashing, but today I want to help potentially answer the question that many growth investors are desperate to know. When might this bear market finally end? When This Bear Market Might End Let me preface this with an important quote from Peter Lynch. \"Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested.\" - Peter Lynch I'm providing this for CONTEXT, not market timing purposes. 98% Of Market Timers Fail The True Cost Of Market Timing (JPMorgan Asset Management ) According to JPMorgan and Fidelity, 98% of market timers fail to make money over time. 100% of index fund long-term buy and hold investors make money over time \"Trying to time the market will churn your portfolio to death.\" - Joshua Brown, Ritholtz Wealth Management But to address the issue of when this bear market MIGHT end we can consider three things.  technical indicators (what traders and computer algos use to determine when to buy and sell) blue-chip economist forecasting models fundamentals  Nasdaq Has Strong Support At 13,000, 12,450 Trading View Trading View       Support Level 1 13,000   Support Level 2 12,450   Distance From Support Level 1 2.88%   Distance From Support Level 2 7.0%   Total Market Correction To Support Level 1 22.5%   Total Market Correction To Support Level 2 25.7%   Currently Below All-Time High 20.16%   (Source: DK S&P 500 Valuation & Total Return Tool) The Nasdaq held strong support at 22.5% of its highs, just as many computer algos were programmed to make happen. support levels have nothing to do with fundamentals but do affect what traders do If the Nasdaq breaks through this support level, then the next one is at 12,450, at about -25.7% from record highs. -25% is a potentially prudent place for a limit if you want to buy QQQ for your portfolio What about the S&P 500? S&P 500 Has Strong Support At 4,160, Modest At 3,410 Trading View Trading View       Support Level 1 4,160   Support Level 2 3,410   Distance From Support Level 1 2.80%   Distance From Support Level 2 20.3%   Total Market Correction To Support Level 1 13.7%   Total Market Correction To Support Level 2 29.2%   (Source: DK S&P 500 Valuation & Total Return Tool) The S&P also just held su[port and is on the verge of potentially rallying a bit more. If support fails here then the next one isn't for a long while, potentially a 29% bear market bottom. So that's what the technicals say (or at least some of the major support levels). What about timing? Can technical analysis offer any insight here? Trade Station Quadruple witching is when four kinds of options expire. options are LEVERAGED derivatives whose option expiration can increase the volatility of the market (usually to the downside) The day of quad witching expiration, or the Monday after, has sometimes (but not always) been the bottom of major corrections and bear markets.  March 24th, 2018 (20% correction bottom) - Monday after the quad witching March 23rd, 2020 (Pandemic Low) - Monday after the quad witching January 17th, 2022 (Monday after regular option expiration) - Nasdaq goes from -4% to +1% in four hours  Thus if I had to make an educated guess about when the bear market MIGHT bottom I'd say Friday, June 17th, or Monday, June 20th is a reasonable time frame. And it's one that Morgan Stanley and JPMorgan agree with.  JPMorgan notes that the market usually bottoms within 1 to 3 months of the 1st rate hike April 17th to June 17th (Quad witching)    \"The S&P 500 is set to join the bear market within weeks, as it faces a sharp pullback amid fears of aggressive Federal Reserve policy and soaring inflation, according to Morgan Stanley's top US equity strategist... Last week's \"fairly ominous\" performance in both defensive stocks and cyclicals, like energy and materials, suggests investors are aware an economic slowdown is closing in, Mike Wilson told CNBC Monday. \"And that tells me we're going into this final phase, which the good news. The silver lining… is that maybe we can finally complete this bear market over the next month or so,\" he said. Wilson added that a 20% pullback for the S&P 500 from its January high of 4,800 would \"complete\" the ongoing bear market... A fall of that size would take the S&P 500 to a level of 3,900, around 9% lower than Tuesday's level of 4,296... The reason Wilson, who has a year-end target of 4,400 for the S&P 500, is bearish on the market in the near term is that he believes a slowdown in growth will determine how stocks trade.\" - Business Insider (emphasis added)  Morgan Stanley is rather adamant that the S&P is going to fall 20% from its peak.  just like 2011 just like 2018  And potentially bottoming within the next month (within the time frame JPMorgan expects). Both of those years saw growth scares and just like in 2011 and 2018 Morgan Stanley thinks the market bottoms right at this bear market point. 2019 was a 31% year for the S&P And Citi agrees with Morgan and JPMorgan. \"According to analyst Michael Rollins, the fallout of a recession would be \"felt mostly\" in the first half of 2023, could hit earnings by 10%, and bring the S&P 500 down to 3,650, with the response from investors to be earlier \"on both the way in and out,\" as with previous recessions.\" - Seeking Alpha Citi's economists estimate that, IF we got a recession in 2023, earnings will fall about 33% less than the historical average recession. They also expect a peak decline of 24%, similar to the 1991 Gulf war recession (-21%). Ben Carlson Non-recessionary bear markets tend to bottom around -20%. And guess what else justifies a 20% bear market bottom in the S&P 500 (and a similar decline in the Nasdaq)? Valuations Justify A 20% Bear Market Bottom            Year EPS Consensus YOY Growth Forward PE Blended PE Overvaluation (Forward PE) Overvaluation (Blended PE)   2021 $206.11 50.16% 20.7 21.3 20% 21%   2022 $227.48 10.37% 18.8 19.8 10% 12%   2023 $249.78 9.80% 17.2 18.0 0% 2%   2024 $275.96 10.48% 15.5 16.3 -10% -7%   12-Month forward EPS 12-Month Forward PE Historical Overvaluation PEG 25-Year Average PEG S&P 500 Dividend Yield 25-Year Average Dividend Yield   $234.04 18.359 8.96% 2.16 3.62 1.47% 2.01%   (Source: DK S&P 500 Valuation & Total Return Tool) The S&P is historically 9% overvalued compared to its 10, 25, and 45-year average forward PE. Do you know what value gets it right back to historical fair value?  3,944 right near where Morgan Stanley thinks the market will bottom by the end of May 8% below where we are today  Historical Cash-Adjusted Valuations On S&P, Nasdaq, And The Dow           S&P 500   Nasdaq   Dow Jones Industrial Average     Year EV/EBITDA (Net Cash -Adjusted Earnings) Year EV/EBITDA (Net Cash -Adjusted Earnings) Year EV/EBITDA (Net Cash -Adjusted Earnings)   2008 5.83 2008 7.16 2008 5.97   2009 8.81 2009 10.73 2009 8.82   2010 8.59 2010 10.45 2010 8.23   2011 7.96 2011 9.1 2011 7.53   2012 8.37 2012 8.82 2012 7.6   2013 9.82 2013 11.45 2013 9.43   2014 10.47 2014 11.96 2014 9.98   2015 10.21 2015 10.63 2015 9.91   2016 11.91 2016 12.56 2016 13.39   2017 12.42 2017 14.29 2017 12.8   2018 11.88 2018 13.01 2018 11.93   2019 12.52 2019 14.38 2019 12.91   2020 17.11 2020 20.16 2020 18.25   2021 14.91 2021 17.36 2021 14.62   2022 12.69 2022 14.59 2022 12.91   Average 10.90 Average 12.44 Average 10.95   Median 11.24 Median 12.80 Median 11.28   Current 12.69 Current 14.59 Current 12.91   Historically Overvalued 12.92% Historically Overvalued 14.02% Historically Overvalued 14.41%   Current Value   Current Value   Current Value     4284   12855   33897     Historical Fair Value Price   Historical Fair Value Price   Historical Fair Value Price     2022 Consensus EV/EBITDA Per Share   2022 Consensus EV/EBITDA Per Share   2022 Consensus EV/EBITDA Per Share     $337.59   $881.08   $2,625.64     2022 EV/EBITDA Fair Value   2022 EV/EBITDA Fair Value   2022 EV/EBITDA Fair Value     3,793.82   11,273.95   29,628.06     Record High   Record High   Record High     4818.62   16,764.86   36,799.65     Distance Below Record High At Historical Fair Value   Distance Below Record High At Historical Fair Value   Distance Below Record High At Historical Fair Value     21.27%    32.75% (10% below current levels)   19.49%     (Source: DK S&P 500 Valuation & Total Return Tool) If each benchmark returned to its modern-era EV/EBITDA-based fair value, then the market could be expected to bottom around 10% lower. within 3% of Morgan Stanley's estimate So to summarize:  technical support levels Citi, Morgan Stanley, and JPMorgan fundamentals and valuations market history all point to the same POTENTIAL end to this bear market about -20% on the S&P and around -30% on the Nasdaq within the next month or two  So why am I not recommending you wait for the market to hit exactly -20% before putting all your money to work? Because finance is a STATISTICAL and PROBABILISTIC science. There are no certainties, only probabilities. It's better to be approximately right, than precisely wrong.\" - Warren Buffett Buying a great company, like the one or all of the six I'm presenting today, at a good to great price, is all that you need to retire in safety and splendor over the long-term.  don't miss out on potentially thousands of % gains trying to pick up another 10% lower price in 10+ years you won't remember how close to the bottom you bought it won't matter  Or to put it another way, paraphrasing Casablanca: If the market leaves the ground and you haven't bought some blue-chip bargains, you'll regret it. Maybe not today. Maybe not tomorrow, but soon and for the rest of your life. 6 Blue-Chip Bargains To Buy Before The Bear Market Ends DK Zen Research Terminal   Magellan Midstream Partners (MMP) - uses a K1 tax form  Legal & General (OTCPK:LGGNY)  British American Tobacco (BTI)  Taiwan Semiconductor (TSM)  Autodesk (ADSK)  Amazon (AMZN)  I've linked to articles providing detailed coverage of each company's investment thesis and risk profile. Why these companies?  6 companies from three countries on three continents in five sectors  And just take a look at their quality. World-Class Fundamentals You Can Trust In Any Economy DK Zen Research Terminal For context, the average aristocrat has  87% quality 89% safety score 84% dependability 67% LT risk-management percentile  These are companies superior in quality, safety, and dependability to the aristocrats. They are Ultra SWANs, as close to perfect quality companies as exist on Wall Street. And this 4.2% yield? It's one of the safest on earth. How safe?         Rating Dividend Kings Safety Score (161 Point Safety Model) Approximate Dividend Cut Risk (Average Recession) Approximate Dividend Cut Risk In Pandemic Level Recession   1 - unsafe 0% to 20% over 4% 16+%   2- below average 21% to 40% over 2% 8% to 16%   3 - average 41% to 60% 2% 4% to 8%   4 - safe 61% to 80% 1% 2% to 4%   5- very safe 81% to 100% 0.5% 1% to 2%   6 Blue-Chip Bargains 91% 0.5% 1.50%   Risk Rating Low-Risk (76th industry percentile risk-management consensus) A- Stable outlook credit rating 3.2% 30-year bankruptcy risk 20% OR LESS Max Risk Cap Recommendation (Each)   (Source: DK Research Terminal) The average dividend cut risk in an average historical recession is about 1 in 200 and the risk of a cut in a severe recession is about 1 in 67. DK Zen Research Terminal S&P estimates the average risk of bankruptcy is 3.2% for each of these companies, an A- stable credit rating. Six rating agencies estimate their average long-term risk-management in the top 24% of industry peers.   Classification Average Consensus LT Risk-Management Industry Percentile Risk-Management Rating   S&P Global (SPGI) #1 Risk Management In The Master List 94 Exceptional   Strong ESG Stocks 78 Good - Bordering On Very Good   6 Blue-Chip Bargains 76 Good   Foreign Dividend Stocks 75 Good   Ultra SWANs 71 Good   Low Volatility Stocks 68 Above-Average   Dividend Aristocrats 67 Above-Average   Dividend Kings 63 Above-Average   Master List average 62 Above-Average   Hyper-Growth stocks 61 Above-Average   Monthly Dividend Stocks 60 Above-Average   Dividend Champions 57 Average   (Source: DK Research Terminal) And it's not just the quality of these blue-chips that's exceptional, their valuation is too. Wonderful Companies At Wonderful Prices DK Zen Research Terminal These companies are 29% historically undervalued, trading at an average PE of 14.6X.  1.26 PEG growth at a reasonable price  Analysts expect 45% total returns in the next year alone and 47% total returns are justified by their fundamentals. And just take a look at their long-term return fundamentals. Long-Term Return Fundamentals Rich Retirement Dreams Are Built On DK Zen Research Terminal The Nasdaq yields 0.8% and analysts expect 14.3% long-term earnings growth. The S&P yields 1.5% and analysts expect 8.5% long-term earnings growth. The dividend aristocrats yield 2.2% and analysts expect 8.9% earnings growth. Junk bonds yield 4.4% and there is zero growth potential. These no-brainer blue-chip bargains offer a 4.2% very safe yield today, and 15% long-term growth potential. As well as a 19.3% long-term return potential. Buffett-like return potential form blue-chip bargains hiding in plain sight What does that potentially mean for your retirement portfolio? Inflation-Adjusted Consensus Return Potential: $1,000 Initial Investment          Time Frame (Years) 7.4% CAGR Inflation-Adjusted S&P Consensus 8.6% Inflation-Adjusted Aristocrat Consensus 16.8% CAGR Inflation-Adjusted No-Brainer Blue-Chip Bargain Consensus Difference Between Inflation Adjusted No-Brainer Blue-Chip Bargain And S&P Consensus   5 $1,429.63 $1,511.29 $2,174.70 $745.07   10 $2,043.84 $2,284.01 $4,729.34 $2,685.50   15 $2,921.94 $3,451.81 $10,284.91 $7,362.97   20 $4,177.29 $5,216.70 $22,366.63 $18,189.34   25 $5,971.97 $7,883.98 $48,640.79 $42,668.81   30 $8,537.71 $11,915.01 $105,779.31 $97,241.60   (Source: DK Research Terminal, FactSet)        Time Frame (Years) Ratio Aristocrats/S&P Ratio Inflation-Adjusted Aristocrat Bargain Consensus And S&P Consensus   5 1.06 1.52   10 1.12 2.31   15 1.18 3.52   20 1.25 5.35   25 1.32 8.14   30 1.40 12.39   (Source: DK Research Terminal, FactSet) These blue-chips have the potential to deliver life-changing wealth and beat the market by 12X over the next 30 years. Even over just the next 10 years, analysts think they could beat the market by 3.5X. Ok, this sounds amazing, but what evidence is there that these Ultra SWANs can actually deliver close to 19% returns over time. Historical Returns Since 2002 (Annual Rebalancing) \"The future doesn't repeat, but it often rhymes.\" - Mark Twain Past performance is no guarantee of future results, but studies show that blue-chips with relatively stable fundamentals over time offer predictable returns based on yield, growth, and valuation mean reversion. Bank of AmericaSo let's take a look at how these Ultra SWAN bargains have performed over the last 20 years when 91% of total returns were the result of fundamentals, not luck.  21.7% CAGR total returns vs Nasdaq's 11.7% and S&P's 8.6% 2X better negative volatility-adjusted total returns than the Nasdaq and S&P  Over the last 20 years adjusted for inflation:  S&P up 3.3X adjusted Nasdaq up 5.8X These Ultra SWANs up 33.3X  And don't forget about the dividends.           Portfolio 2008 Income Per $1,000 Investment 2021 Income Per $1,000 Investment Annual Income Growth Starting Yield 2021 Yield On Cost   No-Brainer Blue-Chips $27 $2,271 26.27% 2.7% 227.1%   (Source: Portfolio Visualizer Premium) These Ultra SWANs delivered an incredible 26% income growth thanks to rebalancing into undervalued high-yield blue-chips and reinvesting dividends. That turned a 2.7% yield into a 227% yield on cost. What about the future?         Analyst Consensus Income Growth Forecast Risk-Adjusted Expected Income Growth Risk And Tax-Adjusted Expected Income Growth Risk, Inflation, And Tax Adjusted Income Growth Consensus   23.3% 16.3% 13.9% 11.4%   (Source: DK Research Terminal, FactSet) Analysts expect 23% long-term income growth which adjusted for the risk of companies not growing as expected, inflation, and taxes is 11.4%. Now compare that to what they expect from the S&P 500.   Time Frame S&P Inflation-Adjusted Dividend Growth S&P Inflation-Adjusted Earnings Growth   1871-2021 1.6% 2.1%   1945-2021 2.4% 3.5%   1981-2021 (Modern Falling Rate Era) 2.8% 3.8%   2008-2021 (Modern Low Rate Era) 3.5% 6.2%   FactSet Future Consensus 2.0% 5.2%   (Sources: S&P, FactSet, Multipl.com) What about a 60/40 retirement portfolio? 0.5% consensus inflation, risk, and tax-adjusted income growth. In other words, these 6 blue-chip bargains offer  almost 3X the market's yield (and a much safer yield at that) nearly 6X its long-term inflation-adjusted consensus income growth potential 12X better long-term inflation-adjusted income growth than a 60/40 retirement portfolio  Bottom Line: Embrace This Volatility And Buy The Blue-Chip Bargains That Can Make You Rich This bear market might seem scary, but it's your best friend if you know how to manage risk correction. \"Volatility isn't risk, it's the source of future returns.\" - Joshua Brown, CEO of Ritholtz Wealth Management I can't tell you what will happen with the economy this year, or next year, no one can. No one knows how many times the Fed will hike in the next 18 months, and for sure no one knows what Putin is going to do in Ukraine. How long will China continue to shut down over COVID? Your guess is as good as mine. But here's what I can tell you about AMZN, TSM, ADSK, BTI, MMP, and LGGNY:  4.2% very safe yield A- average credit rating 29% undervalued 15.1% long-term growth consensus 19.3% long-term return potential (vs 21.7% for the last 20 years) analyst consensus 46% total return in the next year (47% justified)  To paraphrase Casablanca: If the market leaves the ground and you haven't bought some blue-chip bargains, you'll regret it. Maybe not today. Maybe not tomorrow, but soon and for the rest of your life. This bear market might last another year, or it might be over in a month. Don't look a gift horse in the mouth. Don't get too cute. When it's raining the world's best blue-chip bargains from the sky, it's time to bend it like Buffett and start to buy, buy, buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060090535,"gmtCreate":1651067336056,"gmtModify":1676534843486,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060090535","repostId":"2230463416","repostType":2,"repost":{"id":"2230463416","pubTimestamp":1651070285,"share":"https://ttm.financial/m/news/2230463416?lang=&edition=fundamental","pubTime":"2022-04-27 22:38","market":"us","language":"en","title":"Aerospace ETFs shrug off weak Boeing results","url":"https://stock-news.laohu8.com/highlight/detail?id=2230463416","media":"seekingalpha","summary":"sanfel/iStock Editorial via Getty Images  Aerospace exchange traded funds appear unphased with Boein","content":"<html><body><p><figure> <picture> <img height=\"1024px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139073776/image_1139073776.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>sanfel/iStock Editorial via Getty Images</p></figcaption> </figure></p> <p>Aerospace exchange traded funds appear unphased with Boeing (<span>NYSE:BA</span>) sinking <span>7%</span> as<span> the aircraft manufacturer posted larger than expected Q1 losses along with news that the firm has halted the production of the 777X through 2023.</span></p> <p>The <a href=\"https://laohu8.com/S/EEME\">iShares</a> U.S. Aerospace &amp; Defense <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a> (<span>BATS:ITA</span>) and Invesco Aerospace &amp; Defense ETF (<span>NYSEARCA:PPA</span>) are the two ETFs that have the largest weightings towards BA yet they start Wednesday’s session relatively untouched. ITA is <span>-0.7%</span> and PPA is<span> -0.6%</span>.</p> <p>ITA has a 7.65% weighting in Boeing, whereas PPA has a 7.03% stake in the aviation company. Moreover, BA is ITA’s third-largest holding and PPA’s top holding.</p> <p>Both ITA and PPA intend to offer the investment community exposure to companies that manufacture commercial and military aircraft and other defense-based equipment.</p> <p>The two funds are similar in nature but there are some key differences. From a cost stance, ITA has an expense ratio of 0.42%, whereas PPA has a more expensive 0.61% expense ratio. </p> <p>From an assets under management vantage point ITA leads PPA with $2.63B compared to PPA’s $1.48B.</p> <p>Performance-wise both funds are quite similar in that ITA is <span>+2.6% </span>YTD and PPA is <span>+1.5% </span>YTD but over a three-year period, PPA has the edge, <span>+21.8%</span> versus ITA’s <span>+1.6%</span>. </p> <p>Boeing stated the reason for the pause in production of its 777X comes from certification delays by U.S. regulators and weak demand, the organization disclosed $1.5B in abnormal costs related to the program.</p> <p>While ITA and PPA are the heaviest weighted ETFs towards BA, others have a sizeable exposure as well. See other funds listed below:</p> <p>Boeing weighting in other ETFs: (XAR) 3.58%, (DIA) 3.45%, (XLI) 3.36%, and (ROKT) 3.21%.</p> <p>See 2022 chart of BA, ITA, and PPA.</p> <p><img src=\"https://static.seekingalpha.com/uploads/2022/4/27/saupload_1_thumb1.png\" width=\"100%\"/></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Aerospace ETFs shrug off weak Boeing results</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\">\nAerospace ETFs shrug off weak Boeing results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-27 22:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3827613-aerospace-etfs-shrug-off-weak-boeing-results><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>sanfel/iStock Editorial via Getty Images  Aerospace exchange traded funds appear unphased with Boeing (NYSE:BA) sinking 7% as the aircraft manufacturer posted larger than expected Q1 losses along with...</p>\n\n<a href=\"https://seekingalpha.com/news/3827613-aerospace-etfs-shrug-off-weak-boeing-results\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4516":"特朗普概念","BK4564":"太空概念","BK4187":"航天航空与国防","BK4551":"寇图资本持仓","BA":"波音"},"source_url":"https://seekingalpha.com/news/3827613-aerospace-etfs-shrug-off-weak-boeing-results","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2230463416","content_text":"sanfel/iStock Editorial via Getty Images  Aerospace exchange traded funds appear unphased with Boeing (NYSE:BA) sinking 7% as the aircraft manufacturer posted larger than expected Q1 losses along with news that the firm has halted the production of the 777X through 2023. The iShares U.S. Aerospace & Defense Pacer Swan SOS Fund of Funds ETF|ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSEARCA:PPA) are the two ETFs that have the largest weightings towards BA yet they start Wednesday’s session relatively untouched. ITA is -0.7% and PPA is -0.6%. ITA has a 7.65% weighting in Boeing, whereas PPA has a 7.03% stake in the aviation company. Moreover, BA is ITA’s third-largest holding and PPA’s top holding. Both ITA and PPA intend to offer the investment community exposure to companies that manufacture commercial and military aircraft and other defense-based equipment. The two funds are similar in nature but there are some key differences. From a cost stance, ITA has an expense ratio of 0.42%, whereas PPA has a more expensive 0.61% expense ratio.  From an assets under management vantage point ITA leads PPA with $2.63B compared to PPA’s $1.48B. Performance-wise both funds are quite similar in that ITA is +2.6% YTD and PPA is +1.5% YTD but over a three-year period, PPA has the edge, +21.8% versus ITA’s +1.6%.  Boeing stated the reason for the pause in production of its 777X comes from certification delays by U.S. regulators and weak demand, the organization disclosed $1.5B in abnormal costs related to the program. While ITA and PPA are the heaviest weighted ETFs towards BA, others have a sizeable exposure as well. See other funds listed below: Boeing weighting in other ETFs: (XAR) 3.58%, (DIA) 3.45%, (XLI) 3.36%, and (ROKT) 3.21%. See 2022 chart of BA, ITA, and PPA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085522562,"gmtCreate":1650730833294,"gmtModify":1676534783846,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085522562","repostId":"2229285193","repostType":2,"repost":{"id":"2229285193","pubTimestamp":1650724995,"share":"https://ttm.financial/m/news/2229285193?lang=&edition=fundamental","pubTime":"2022-04-23 22:43","market":"us","language":"en","title":"Maersk: Consider Investing In This Giant Shipping Stock At The Right Price","url":"https://stock-news.laohu8.com/highlight/detail?id=2229285193","media":"seekingalpha","summary":"olli0815/iStock Editorial via Getty Images Shipping is a complex sector to invest in or understand. ","content":"<html><body><p><figure><picture> <img height=\"1024px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1299265947/image_1299265947.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture><figcaption> <p>olli0815/iStock Editorial via Getty Images</p></figcaption></figure></p> <p>Shipping is a complex sector to invest in or understand. Writing this article has required an extensive amount of research and understanding - but I now feel that I can present a good thesis for what is<span> essentially <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest container shipping lines in the world.</span></p> <p>Understanding A.P. Møller – Mærsk A/S (OTCPK:AMKBY) isn't easy - but I've done my best to really boil it down to the basics in this article, and keep it as brief as possible.</p> <p>Let's get into it and see what makes Maersk tick.</p> <h2>Looking Into A.P Møller – Mærsk</h2> <p>The company, which is known more simply as Maersk, is a Danish Shipping company. The company has revenues over $62B, with net incomes on this revenue of around $18B for the fiscal of 2021.</p> <p>Maersk has over 83,000 employees active in over 900+ subsidiaries around the globe. The company's history goes back nearly 120 years, and it's one of the largest components of the Copenhagen stock market index. Maersk has representation and offices in over 130 nations across the world.</p> <p>The company has a high, BBB+ credit rating with a stable outlook. It pays a dividend this year of 2500DKK for this year, coming to a yield of well over 8% based on the current share price. This dividend is an outlier, and the typical yield for Maersk is closer to 2-3%. This dividend is the result of a massively attractive set of 2021 results, with a strong 2022 expected due to the very strong current trends in shipping.</p> <p>Maersk also trades at a massively high share price for the native share. Due to a low amount of stock splits, the company's share price is over 18,000 DKK per share, or over $1,700.</p> <p>The company is a publicly-traded family business, with a majority stakeholding through the namesake Møller company through a variety of holding companies.</p> <p><figure><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/9/49836612-16494951029339345.png\"/></span><figcaption><p>Maersk Shareholders <span>(Maersk IR)</span></p></figcaption></figure></p> <p>You will find a lot of information about the company's historical business segments. These are no longer relevant, as of 2017 and forward. Since then, Maersk is strictly a <em>shipping business.</em><strong> </strong></p> <p>Out of its current operations, 75% is in container shipping, 15% in Logistics and Services, and 7% in what's known as Terminals &amp; Towage. In terms of divisional segmentation, the company reports in the following segments:</p> <ul> <li> <strong>Ocean</strong>, consisting of former Maersk Line and Hamburg Süd, integrated in late 2017, and the transshipment hubs under the APM Terminals brand.</li> <li> <strong>Logistics and Services</strong>, focusing on the supply chain solutions, inland services, intermodal services, and deliveries of highly customized freight forwarding for a variety of customers.</li> <li> <strong>Terminals and Towage</strong>, containing the company's gateway terminals, salvage, and freight towing capacities. These operations are also known through the Svitzer brand, owned by Maersk.</li> <li> <strong>Manufacturing</strong>, combined with Other activities, holding things like the manufacturing of reefers, supply services (marine services which weren't able to be sold). Maersk's plan is to sell this segment, both the manufacturing and the services. For now, they remain in the company.</li> </ul> <p>You don't need me to tell you that shipping on a global scale is, at best, a \"volatile\" sort of business.</p> <p>What determines volumes are international trade and global fleet capacities. The supply &amp; demand flow here is extremely closely tied to the volatility of freight rates. Like the REIT sector - or any specific market sector, shipping is a world in itself that bears very close studying to understand.</p> <p>I can hope to scratch the surface and look at this company, but little more than this.</p> <p>2015-2018 saw significant consolidation in the market due to a global slowdown in trade and a massive deterioration in operating performance for most global companies - including Maersk. This also saw most of the shipping sector losing the appeal for many \"standard\" investors. These years saw the sale of Singapore-based NOL by CMA CGM, a merger of the main two Chinese, government-owned COSCO and CSCL, the merger of Hapag Lloyd and the United Arab Shipping Company, and the aforementioned M&amp;A of the Hamburg Süd by Maersk, among others.</p> <p>These numerous trades were a necessity of the times we live in. The explanations for these are found in simple economics - economies of scale, and controlling costs. When smaller operators own large vessels, there's always the problem of unused capacities during slowdowns or sub-optimal vessel capacity utilization rates. The creation of shipping alliances means that operators are able to better share resources, pool their vessels, and be able to offer services at a better price.</p> <p>The world now has three major shipping alliances that compete for the market - these are 2M, consisting of Maersk and MSC, Ocean Alliance consisting of the Chinese, CMA CGM, and Evergreen, and THE Alliance (biggest), including Hapag-Lloyd, Yang Ming, Ocean Express Network, HMM).</p> <p>This is the way this market now works. The company, or companies, compete on contracts and services. Maersk's current approach is a continuation of a strategy begun in 2016, which is an integrated ocean and logistics company with an appealing portfolio of end-to-end products and global services.</p> <p><figure><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/49836612-16494552973329291.png\"/></span><figcaption><p>Maersk Segmentsa <span>(Maersk IR)</span></p></figcaption></figure></p> <p>On a high level, Ocean freight is over 70% of the business, with over 80% of the total EBITDA. The company's main focus is lowering the volatility of the Ocean segment, making it more resilient through increased flexibility in capacities, offering a variety of services, and developing long-term contracts as opposed to at-need contract models.</p> <p>This last part is already showing results, and long-term capacity contracts now account for 65% of the total in 2021, up 15% in less than a single year.</p> <p>In Logistics and Services, the company wants to grow revenue organically as well as by acquisition. To this end, the company has bought a few service companies, including Swedish KGH, US-based Performance Team, and the Visible Supply Chain Management company in the US - as well as a few others, with combined revenues of closer to $1B.</p> <p>In this industry, company operating costs come from container handling and bunker costs, oil prices/fuel costs, and similar factors. The increased use of low-sulfur/carbon fuels has driven up fuel costs, and corresponding freight costs to massively high levels. Compared to historical levels, current freight rates are well above $4,000 on average, compared to $2,900 in 2011. It's the highest price we've seen in well over a decade.</p> <p>The volatility in this business is dependent on the world macroeconomic environment and geopolitical considerations. You can imagine what the crisis in Russia could do to freight prices, for instance. The latest biggest impact here was the US/Chinese trade war/trade restrictions, which impacted trade by an estimated $630 billion back in 2018-2019, and reduced the demand by a full 100 bps. COVID-19 lead, once again to demand and SCM disruptions - but in this case, a shortage of containers, which lead to a large price increase that has been the trend since that time.</p> <p>The current mix of geopolitical and macro instability is a short to medium-term uncertainty for the industry. The logistics &amp; service division is more resilient to this, but also smaller, with the goal of 10% organic revenue growth.</p> <p><figure><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/49836612-16494551219254346.png\"/></span><figcaption><p>Maersk 2021 <span>(Maersk IR)</span></p></figcaption></figure></p> <p>Maersk wants to achieve an ROCE not below 7.5%. This is a high target, in my estimate, given the weighting and volatility of Ocean Freight/segment revenues. During up-times, this target is achievable, but this is not the case during downturns. The company recently set a 12% ROCE target in 2021-2025 on the back of increased demand. It's important to point out that this is <em>significantly </em>above the &lt;4% ROCE in 2016-2020. The company's ROCE during 2021 was 45.3%.</p> <p>This performance is, as I see it, in no way repeatable. During normalization, the company's ROCE will drop back down to normal levels, which will also impact the share price.</p> <p>That makes today a complex time to invest in Maersk, even if the company has given us a very solid estimate for 2022.</p> <p><figure><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/49836612-16494553524821913.png\"/></span><figcaption><p>Maersk 2022 Guidance <span>(Maersk IR)</span></p></figcaption></figure></p> <p>The company managed ridiculous FCF conversion rates of 98% for the year. Market conditions for freight have been superb - and there's little visibility at this time when things will fully normalize. At the same time, there are current significant, operational challenges that are driving costs up. So when things normalize, the prices for shipping will likely remain at elevated levels.</p> <p>These challenges are from increased bunker price, increased fuel costs, increased handling costs, inflation, and operational congestion which means the bottlenecks that have been in ports of the world. The increase in operating costs has been <em>sixfold</em><strong> </strong>because of this. The company also expects costs to continue at these levels for 2022, with higher terminal and charter costs contributing to a continuing, high bunker price.</p> <p>On a high level, Maersk slipped behind competitor MSC in 2021 in terms of overall capacity, with each having capacities of around 4.3M TEU or 17% of the market. There's only a small difference to the benefit of MSC.</p> <p>This industry is in its very early stages of digital transformation, and Maersk is actually one of the early leaders to work in this domain. Together with IT companies such as <a href=\"https://laohu8.com/S/IBM\">IBM</a> (IBM), the company works in various ways to change the way container-based transportation is approached.</p> <p>It also increased its CO2 emission ambitions (or lowered, rather), with a 2040 target of \"net-zero\", with an existing roadmap for the first milestone in 2030.</p> <h2>Risks To Maersk</h2> <p>You don't need to be a Rhodes Scholar to understand that Maersk comes with a substantial amount of internal and counterparty as well as macro risks. Maersk regulatory bodies, such as the International Maritime Organization, were first in lowering demands for sulfur content in fuel back in 2020. This started bringing a higher unit cost in container shipping. The net result of these ever-increased demands on the sustainability of fuel is that freight rates and costs for shipping overall are <em>going to</em> go up, except at times when Oil falls to historical low levels.</p> <p>Oil is currently <em>not </em>at historically low levels, as you might have noticed, so the pressure on freight is going to be a \"thing\" for quite some time. You can't expect it to disappear overnight, certainly.</p> <p>The decarbonization of container shipping overall is a challenge on a very high order. There is such a massive disconnect between the pricing of green versus legacy fuel (as well as the actual current production capacities of these greener fuels) that it's not even worth talking about the same sort of pricing environment.</p> <p>All of these trickles down to the company's biggest risk of all <em>- volatility.</em><strong> </strong>Nothing, and I mean nothing that I've seen seems able to take away the significant volatility that this company has in its past, and in its future. These things are highly cyclical - and any investor needs awareness of this to try and estimate where things might go in the short-medium term and not be spooked by trends.</p> <p>I wouldn't characterize Maersk as an income stock, despite the current high 2022 yield - expectations are for the dividend to drop to around 4-5% in 2022-2023, and normalize to 1-2% in 2023-2025.</p> <h2>Maersk Valuation</h2> <p>Valuing Maersk is complex. In DCF valuation, the thesis is based on modest revenue growth and EBITDA growth at a GDP level of 1.5-2.5%, with CapEx growth at the same levels. Do realize however that there are sensitivities here that are hard to account for, such as the portion of greener fuel and the pricing developments for these commodities. Maersk has a WACC of around 8%, with a relatively low cost of debt below 4%. Taking current data and trends into account, our estimates are for normalization of company sales as freight costs normalize <em>somewhat. </em>This brings us to an implied EV of between 18,500 DKK and 19,500 DKK, or thereabouts, for the DCF valuation. In terms of the current price, the entirety of this target range denotes a very slight undervaluation - though certainly nothing to write home about. There is also a great deal of uncertainty to these numbers, given the overall volatility of the entire industry.</p> <p>In terms of peers, Kuehne + Nagel (OTCPK:KHNGY) is the closest peer with a decent market cap, but the problem with many of Maersk's European peers is that they are in logistics more than in container shipping. I also include Hamburger Hafen (OTCPK:HHULY) and consensus numbers out of COSCO in the comparison to get some balance here, and logistics business have significantly higher multiples than container shipping - at least <em>usually </em>(13X for HHULY versus ~5X P/E for Maersk usually, with currently over 15-17X now)</p> <p>Based on peer-average multiple targets, the implied P/E calls for a share price of ~21,800 DKK and a P/B implication of 16-18,000 based on a peer average of around 2X P/E. Again, these numbers at least somewhat suggest that Maersk could rise from here.</p> <p>In terms of the NAV, I use EV/EBITDA multiples with reference ratios from peers or market-relevant transaction/valuation multiples. These transaction multiples are, for instance, used to evaluate the Ocean shipping segment, where we have recent M&amp;A's at 14-16X EV/EBITDA - although given a conservative approach, won't use more than half or slightly above half this multiple due to the volatility in the entire segment (Maersk bought Hamburg Süd at a 10X 2017 EBITDA multiple).</p> <p>This range of around 5-8X EV/EBITDA for the company's various segments gives us an implied asset value of around 90-95B USD. Removing debt and commitments, we have around 85-88B USD, which comes to (at 18.9M shares) at a per-share implied price range of 4,500-4,600 USD for the native, or, a share price of at least <em>30,700 DKK.</em></p> <p>This is where Maersk shows us a massive upside - though as we've said, all of these valuation methods have their flaws and shortcomings. And with a company like Maersk, nothing is really considered \"safe\" here. I would be extremely careful applying these multiples, even at a weighted ratio.</p> <p>Other analysts call Maersk a \"BUY\" with a price target range of $2,965-$4,700 (hence why I use dollars for NAV) in terms of S&amp;P Global. This comes to more or less the same high range as I use, but a lower range that's perhaps very weighted on DCF and peers comps.</p> <p>The current analyst average by S&amp;P Global, with 17 analysts following the company, is $3,865/share, which comes to a share price of <em>26,400 DKK for the native. </em></p> <p>This is an undervaluation, with 10 of 17 analysts at either a \"BUY\" or an \"Outperform\" with only one analyst believing the company should be \"SOLD\" here. However, analysts short-term nature and perspectives are well-documented.</p> <p>Maersk has an ADR called <em>AMKBY</em>, which offers the opportunity to invest at a cheap share price due to the <em>0.005X </em>nature of the ADR, with one receipt currently priced at $13.20. I would personally go for the native share, as this is one of the most liquid stocks traded in Copenhagen.</p> <p>My PT for Maersk comes to a weighted average of around <em>19,800 DKK,</em> as I'm weighting NAV very conservatively, but I do see an upside to the company in the continued, difficult logistics environment.</p> <h2>Thesis</h2> <p>Maersk has been on an absolute tear for some time now.</p> <p><figure><span><img loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/9/49836612-1649494221001631.png\"/></span><figcaption><p>Maersk RoR <span>(Tikr.com)</span></p></figcaption></figure></p> <p>The question is how long it will continue. The last few weeks of pricing action has seen some decline to the stock. What seems clear is that the fundamental reasons Maersk is currently going up are unlikely to disappear in the near term. Logistics capacities are strained, and there's plenty of volatility and demand in the market. The ongoing fuel crisis is also likely to keep prices at a premium.</p> <p>I belong to the camp that doesn't see pricing for shipping <em>ever </em>returning to pre-pandemic levels. I don't believe the mix of oil pricing, CO2-ambitions, geopolitical instability, and demand will allow for a full normalization back down to those pricing levels, even if prices will move in a downward direction.</p> <p>How this impacts the company's valuation will, of course, remain to be seen. I bought <em>one </em>share of Maersk years ago. That share has obviously appreciated a great deal, and I have been on the sidelines with the company since.</p> <p>There are unfortunate realities to investing in Danish companies that not only keep me from going deeper into many of them here, but that prevents me from investing in them, despite living less than 4-hours' ride from Copenhagen.</p> <p>Danish dividends are taxed at 27%, but even the national IRS here only recoups 15% \"automatically\", with the remainder needing to be applied for manually, by myself, with the Danish IRS. This is completely unique for me. For investment funds, recent news in 2021 confirms that Denmark will deny dividend withholding tax refunds to foreign investment funds (Source).</p> <p>This doesn't make the company uninvestable - but I do apply an additional discount that I want to see before seriously putting capital to work in a Danish business as opposed to an EU or NA business that allows me to keep going very worry-free/hassle-free or free of administrative constraints with my dividend refunds.</p> <p>Furthermore, most of the company's peers aren't publicly traded. This makes Maersk one of the few, massive, global container shipping businesses of its kind that can easily be invested in.</p> <p>I'm long Maersk - and I may buy more going forward - but investors should take care here, even if the upside and the long-term appeal of owning shipping is not to be underestimated.</p> <p>The value of the underlying assets <em>cannot </em>be discussed or denied. If you have a strong stomach for the year-over-year rollercoasters this company can bring about, then you may be in a position to profit from Maersk.</p> <p>Remember, just because a company is up 130% in 3 years doesn't mean it can't rise more. I'm certainly not touching my Maersk share here.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Maersk: Consider Investing In This Giant Shipping Stock At The Right Price</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\">\nMaersk: Consider Investing In This Giant Shipping Stock At The Right Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-23 22:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4503154-maersk-amkby-stock-consider-investing-at-right-price><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>olli0815/iStock Editorial via Getty Images Shipping is a complex sector to invest in or understand. Writing this article has required an extensive amount of research and understanding - but I now feel...</p>\n\n<a href=\"https://seekingalpha.com/article/4503154-maersk-amkby-stock-consider-investing-at-right-price\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4538":"云计算","BK4534":"瑞士信贷持仓","BK4579":"人工智能","BK4151":"海港与服务","BK4533":"AQR资本管理(全球第二大对冲基金)","AMKBY":"A.P. Moeller-Maersk A/S","BK4021":"海运","BK4575":"芯片概念","HHULY":"Hamburger Hafen Und Logistik Ag","BK4134":"信息科技咨询与其它服务","IBM":"IBM","KHNGY":"Kuehne & Nagel International AG"},"source_url":"https://seekingalpha.com/article/4503154-maersk-amkby-stock-consider-investing-at-right-price","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2229285193","content_text":"olli0815/iStock Editorial via Getty Images Shipping is a complex sector to invest in or understand. Writing this article has required an extensive amount of research and understanding - but I now feel that I can present a good thesis for what is essentially one of the largest container shipping lines in the world. Understanding A.P. Møller – Mærsk A/S (OTCPK:AMKBY) isn't easy - but I've done my best to really boil it down to the basics in this article, and keep it as brief as possible. Let's get into it and see what makes Maersk tick. Looking Into A.P Møller – Mærsk The company, which is known more simply as Maersk, is a Danish Shipping company. The company has revenues over $62B, with net incomes on this revenue of around $18B for the fiscal of 2021. Maersk has over 83,000 employees active in over 900+ subsidiaries around the globe. The company's history goes back nearly 120 years, and it's one of the largest components of the Copenhagen stock market index. Maersk has representation and offices in over 130 nations across the world. The company has a high, BBB+ credit rating with a stable outlook. It pays a dividend this year of 2500DKK for this year, coming to a yield of well over 8% based on the current share price. This dividend is an outlier, and the typical yield for Maersk is closer to 2-3%. This dividend is the result of a massively attractive set of 2021 results, with a strong 2022 expected due to the very strong current trends in shipping. Maersk also trades at a massively high share price for the native share. Due to a low amount of stock splits, the company's share price is over 18,000 DKK per share, or over $1,700. The company is a publicly-traded family business, with a majority stakeholding through the namesake Møller company through a variety of holding companies. Maersk Shareholders (Maersk IR) You will find a lot of information about the company's historical business segments. These are no longer relevant, as of 2017 and forward. Since then, Maersk is strictly a shipping business.  Out of its current operations, 75% is in container shipping, 15% in Logistics and Services, and 7% in what's known as Terminals & Towage. In terms of divisional segmentation, the company reports in the following segments:   Ocean, consisting of former Maersk Line and Hamburg Süd, integrated in late 2017, and the transshipment hubs under the APM Terminals brand.  Logistics and Services, focusing on the supply chain solutions, inland services, intermodal services, and deliveries of highly customized freight forwarding for a variety of customers.  Terminals and Towage, containing the company's gateway terminals, salvage, and freight towing capacities. These operations are also known through the Svitzer brand, owned by Maersk.  Manufacturing, combined with Other activities, holding things like the manufacturing of reefers, supply services (marine services which weren't able to be sold). Maersk's plan is to sell this segment, both the manufacturing and the services. For now, they remain in the company.  You don't need me to tell you that shipping on a global scale is, at best, a \"volatile\" sort of business. What determines volumes are international trade and global fleet capacities. The supply & demand flow here is extremely closely tied to the volatility of freight rates. Like the REIT sector - or any specific market sector, shipping is a world in itself that bears very close studying to understand. I can hope to scratch the surface and look at this company, but little more than this. 2015-2018 saw significant consolidation in the market due to a global slowdown in trade and a massive deterioration in operating performance for most global companies - including Maersk. This also saw most of the shipping sector losing the appeal for many \"standard\" investors. These years saw the sale of Singapore-based NOL by CMA CGM, a merger of the main two Chinese, government-owned COSCO and CSCL, the merger of Hapag Lloyd and the United Arab Shipping Company, and the aforementioned M&A of the Hamburg Süd by Maersk, among others. These numerous trades were a necessity of the times we live in. The explanations for these are found in simple economics - economies of scale, and controlling costs. When smaller operators own large vessels, there's always the problem of unused capacities during slowdowns or sub-optimal vessel capacity utilization rates. The creation of shipping alliances means that operators are able to better share resources, pool their vessels, and be able to offer services at a better price. The world now has three major shipping alliances that compete for the market - these are 2M, consisting of Maersk and MSC, Ocean Alliance consisting of the Chinese, CMA CGM, and Evergreen, and THE Alliance (biggest), including Hapag-Lloyd, Yang Ming, Ocean Express Network, HMM). This is the way this market now works. The company, or companies, compete on contracts and services. Maersk's current approach is a continuation of a strategy begun in 2016, which is an integrated ocean and logistics company with an appealing portfolio of end-to-end products and global services. Maersk Segmentsa (Maersk IR) On a high level, Ocean freight is over 70% of the business, with over 80% of the total EBITDA. The company's main focus is lowering the volatility of the Ocean segment, making it more resilient through increased flexibility in capacities, offering a variety of services, and developing long-term contracts as opposed to at-need contract models. This last part is already showing results, and long-term capacity contracts now account for 65% of the total in 2021, up 15% in less than a single year. In Logistics and Services, the company wants to grow revenue organically as well as by acquisition. To this end, the company has bought a few service companies, including Swedish KGH, US-based Performance Team, and the Visible Supply Chain Management company in the US - as well as a few others, with combined revenues of closer to $1B. In this industry, company operating costs come from container handling and bunker costs, oil prices/fuel costs, and similar factors. The increased use of low-sulfur/carbon fuels has driven up fuel costs, and corresponding freight costs to massively high levels. Compared to historical levels, current freight rates are well above $4,000 on average, compared to $2,900 in 2011. It's the highest price we've seen in well over a decade. The volatility in this business is dependent on the world macroeconomic environment and geopolitical considerations. You can imagine what the crisis in Russia could do to freight prices, for instance. The latest biggest impact here was the US/Chinese trade war/trade restrictions, which impacted trade by an estimated $630 billion back in 2018-2019, and reduced the demand by a full 100 bps. COVID-19 lead, once again to demand and SCM disruptions - but in this case, a shortage of containers, which lead to a large price increase that has been the trend since that time. The current mix of geopolitical and macro instability is a short to medium-term uncertainty for the industry. The logistics & service division is more resilient to this, but also smaller, with the goal of 10% organic revenue growth. Maersk 2021 (Maersk IR) Maersk wants to achieve an ROCE not below 7.5%. This is a high target, in my estimate, given the weighting and volatility of Ocean Freight/segment revenues. During up-times, this target is achievable, but this is not the case during downturns. The company recently set a 12% ROCE target in 2021-2025 on the back of increased demand. It's important to point out that this is significantly above the <4% ROCE in 2016-2020. The company's ROCE during 2021 was 45.3%. This performance is, as I see it, in no way repeatable. During normalization, the company's ROCE will drop back down to normal levels, which will also impact the share price. That makes today a complex time to invest in Maersk, even if the company has given us a very solid estimate for 2022. Maersk 2022 Guidance (Maersk IR) The company managed ridiculous FCF conversion rates of 98% for the year. Market conditions for freight have been superb - and there's little visibility at this time when things will fully normalize. At the same time, there are current significant, operational challenges that are driving costs up. So when things normalize, the prices for shipping will likely remain at elevated levels. These challenges are from increased bunker price, increased fuel costs, increased handling costs, inflation, and operational congestion which means the bottlenecks that have been in ports of the world. The increase in operating costs has been sixfold because of this. The company also expects costs to continue at these levels for 2022, with higher terminal and charter costs contributing to a continuing, high bunker price. On a high level, Maersk slipped behind competitor MSC in 2021 in terms of overall capacity, with each having capacities of around 4.3M TEU or 17% of the market. There's only a small difference to the benefit of MSC. This industry is in its very early stages of digital transformation, and Maersk is actually one of the early leaders to work in this domain. Together with IT companies such as IBM (IBM), the company works in various ways to change the way container-based transportation is approached. It also increased its CO2 emission ambitions (or lowered, rather), with a 2040 target of \"net-zero\", with an existing roadmap for the first milestone in 2030. Risks To Maersk You don't need to be a Rhodes Scholar to understand that Maersk comes with a substantial amount of internal and counterparty as well as macro risks. Maersk regulatory bodies, such as the International Maritime Organization, were first in lowering demands for sulfur content in fuel back in 2020. This started bringing a higher unit cost in container shipping. The net result of these ever-increased demands on the sustainability of fuel is that freight rates and costs for shipping overall are going to go up, except at times when Oil falls to historical low levels. Oil is currently not at historically low levels, as you might have noticed, so the pressure on freight is going to be a \"thing\" for quite some time. You can't expect it to disappear overnight, certainly. The decarbonization of container shipping overall is a challenge on a very high order. There is such a massive disconnect between the pricing of green versus legacy fuel (as well as the actual current production capacities of these greener fuels) that it's not even worth talking about the same sort of pricing environment. All of these trickles down to the company's biggest risk of all - volatility. Nothing, and I mean nothing that I've seen seems able to take away the significant volatility that this company has in its past, and in its future. These things are highly cyclical - and any investor needs awareness of this to try and estimate where things might go in the short-medium term and not be spooked by trends. I wouldn't characterize Maersk as an income stock, despite the current high 2022 yield - expectations are for the dividend to drop to around 4-5% in 2022-2023, and normalize to 1-2% in 2023-2025. Maersk Valuation Valuing Maersk is complex. In DCF valuation, the thesis is based on modest revenue growth and EBITDA growth at a GDP level of 1.5-2.5%, with CapEx growth at the same levels. Do realize however that there are sensitivities here that are hard to account for, such as the portion of greener fuel and the pricing developments for these commodities. Maersk has a WACC of around 8%, with a relatively low cost of debt below 4%. Taking current data and trends into account, our estimates are for normalization of company sales as freight costs normalize somewhat. This brings us to an implied EV of between 18,500 DKK and 19,500 DKK, or thereabouts, for the DCF valuation. In terms of the current price, the entirety of this target range denotes a very slight undervaluation - though certainly nothing to write home about. There is also a great deal of uncertainty to these numbers, given the overall volatility of the entire industry. In terms of peers, Kuehne + Nagel (OTCPK:KHNGY) is the closest peer with a decent market cap, but the problem with many of Maersk's European peers is that they are in logistics more than in container shipping. I also include Hamburger Hafen (OTCPK:HHULY) and consensus numbers out of COSCO in the comparison to get some balance here, and logistics business have significantly higher multiples than container shipping - at least usually (13X for HHULY versus ~5X P/E for Maersk usually, with currently over 15-17X now) Based on peer-average multiple targets, the implied P/E calls for a share price of ~21,800 DKK and a P/B implication of 16-18,000 based on a peer average of around 2X P/E. Again, these numbers at least somewhat suggest that Maersk could rise from here. In terms of the NAV, I use EV/EBITDA multiples with reference ratios from peers or market-relevant transaction/valuation multiples. These transaction multiples are, for instance, used to evaluate the Ocean shipping segment, where we have recent M&A's at 14-16X EV/EBITDA - although given a conservative approach, won't use more than half or slightly above half this multiple due to the volatility in the entire segment (Maersk bought Hamburg Süd at a 10X 2017 EBITDA multiple). This range of around 5-8X EV/EBITDA for the company's various segments gives us an implied asset value of around 90-95B USD. Removing debt and commitments, we have around 85-88B USD, which comes to (at 18.9M shares) at a per-share implied price range of 4,500-4,600 USD for the native, or, a share price of at least 30,700 DKK. This is where Maersk shows us a massive upside - though as we've said, all of these valuation methods have their flaws and shortcomings. And with a company like Maersk, nothing is really considered \"safe\" here. I would be extremely careful applying these multiples, even at a weighted ratio. Other analysts call Maersk a \"BUY\" with a price target range of $2,965-$4,700 (hence why I use dollars for NAV) in terms of S&P Global. This comes to more or less the same high range as I use, but a lower range that's perhaps very weighted on DCF and peers comps. The current analyst average by S&P Global, with 17 analysts following the company, is $3,865/share, which comes to a share price of 26,400 DKK for the native.  This is an undervaluation, with 10 of 17 analysts at either a \"BUY\" or an \"Outperform\" with only one analyst believing the company should be \"SOLD\" here. However, analysts short-term nature and perspectives are well-documented. Maersk has an ADR called AMKBY, which offers the opportunity to invest at a cheap share price due to the 0.005X nature of the ADR, with one receipt currently priced at $13.20. I would personally go for the native share, as this is one of the most liquid stocks traded in Copenhagen. My PT for Maersk comes to a weighted average of around 19,800 DKK, as I'm weighting NAV very conservatively, but I do see an upside to the company in the continued, difficult logistics environment. Thesis Maersk has been on an absolute tear for some time now. Maersk RoR (Tikr.com) The question is how long it will continue. The last few weeks of pricing action has seen some decline to the stock. What seems clear is that the fundamental reasons Maersk is currently going up are unlikely to disappear in the near term. Logistics capacities are strained, and there's plenty of volatility and demand in the market. The ongoing fuel crisis is also likely to keep prices at a premium. I belong to the camp that doesn't see pricing for shipping ever returning to pre-pandemic levels. I don't believe the mix of oil pricing, CO2-ambitions, geopolitical instability, and demand will allow for a full normalization back down to those pricing levels, even if prices will move in a downward direction. How this impacts the company's valuation will, of course, remain to be seen. I bought one share of Maersk years ago. That share has obviously appreciated a great deal, and I have been on the sidelines with the company since. There are unfortunate realities to investing in Danish companies that not only keep me from going deeper into many of them here, but that prevents me from investing in them, despite living less than 4-hours' ride from Copenhagen. Danish dividends are taxed at 27%, but even the national IRS here only recoups 15% \"automatically\", with the remainder needing to be applied for manually, by myself, with the Danish IRS. This is completely unique for me. For investment funds, recent news in 2021 confirms that Denmark will deny dividend withholding tax refunds to foreign investment funds (Source). This doesn't make the company uninvestable - but I do apply an additional discount that I want to see before seriously putting capital to work in a Danish business as opposed to an EU or NA business that allows me to keep going very worry-free/hassle-free or free of administrative constraints with my dividend refunds. Furthermore, most of the company's peers aren't publicly traded. This makes Maersk one of the few, massive, global container shipping businesses of its kind that can easily be invested in. I'm long Maersk - and I may buy more going forward - but investors should take care here, even if the upside and the long-term appeal of owning shipping is not to be underestimated. The value of the underlying assets cannot be discussed or denied. If you have a strong stomach for the year-over-year rollercoasters this company can bring about, then you may be in a position to profit from Maersk. Remember, just because a company is up 130% in 3 years doesn't mean it can't rise more. I'm certainly not touching my Maersk share here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085397655,"gmtCreate":1650641271013,"gmtModify":1676534769609,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085397655","repostId":"2229416350","repostType":2,"repost":{"id":"2229416350","pubTimestamp":1650643572,"share":"https://ttm.financial/m/news/2229416350?lang=&edition=fundamental","pubTime":"2022-04-23 00:06","market":"us","language":"en","title":"Meta Platforms Vs. Microsoft: Which Is The Better Metaverse Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2229416350","media":"seekingalpha","summary":"photoman/E+ via Getty Images Article Thesis The metaverse has gotten a lot of attention in recent mo","content":"<html><body><p><figure><picture><img height=\"768px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369826066/image_1369826066.jpg?io=getty-c-w240 240w\" width=\"1536px\"/></picture><figcaption><p>photoman/E+ via Getty Images</p></figcaption></figure></p> <h2>Article Thesis</h2> <p>The metaverse has gotten a lot of attention in recent months, despite huge uncertainties about what it will look like a couple of years or decades from now. That also means that there are major unknowns<span> when it comes to how profitable the metaverse will be for the companies active in this space. That being said, major players such as <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Inc. (</span><span>NASDAQ:FB</span><span>) and Microsoft Corporation (</span><span>NASDAQ:MSFT</span><span>) are investing heavily in this space and seek to expand their business meaningfully over the years thanks to opportunities in the metaverse. In this article, we'll pit Meta Platforms and Microsoft against each other.</span></p> <h2>How Are Meta Platforms And Microsoft Related To The Metaverse?</h2> <p>The leadership of the two companies has been vocal about seeking to become major players in the metaverse. Meta Platforms even went as far as changing its name in order to emphasize how important the metaverse will (supposedly) be for the company in the future.</p> <p>Meta Platform's goals include a strong position in virtual and augmented reality gaming. The company has therefore started to buy up gaming companies specialized in this field. Meta has a dedicated metaverse business unit called Reality Labs. That is, for now, deeply unprofitable. During the most recent quarter, Reality Labs generated a loss of $3.3 billion, or more than $13 billion annualized. Not all shareholders were happy with that development of course, as it is not certain that these investments will pay off in the foreseeable future.</p> <p>The company's goals include the buildout of VR/AR gaming offerings, but Meta Platforms also seeks to offer a wide range of other services. This includes metaverse communities where people can interact and communicate using avatars, while Meta also plans to offer consumers the ability to experience a wide range of other things \"in the metaverse\". Traveling to other places (geographically as well as from a time perspective) is <a href=\"https://laohu8.com/S/AONE.U\">one</a> such service - people will be able to view ancient cities, for example.</p> <p>All of this requires huge investments both in hardware as well as in software, which explains why Meta's Reality Labs is such a money-loser today. If things go right and the company's offerings become as attractive and as commonly used as the company's leadership believes they will, then those current investments could pay off handsomely in the future, however. Investors should not assume that this will be a thing in the next one or two years - instead, Meta's metaverse investments will likely take several years to start to pay off.</p> <p>Microsoft is not as hugely ambitious as Meta Platforms, but MSFT still offers considerable metaverse exposure. It's growing its gaming exposure as well, both through organic investments as well as through the planned takeover of Activision Blizzard (ATVI) that will likely close over the next year. Not all gaming is and will be AR/VR-based, but this naturally is a segment Microsoft will continue to expand into over the years. Microsoft also seeks to become a leading \"business metaverse\" company. Unlike Meta Platforms, it is not a purely consumer-centric company. Instead, MSFT will offer metaverse business meetings and similar technologies via its Teams platform and others. Microsoft has not broken out its metaverse investments as precisely as Meta Platforms did, but it seems reasonable to assume that MSFT is investing heavily in this space as well - and that Microsoft's metaverse business is a money-loser for now, too.</p> <h2>How Have Meta Platforms And Microsoft Stocks Performed?</h2> <p>In the long run, both companies have delivered considerable value for their shareholders. In recent years, Microsoft has been the way stronger performer, however.</p> <p><figure><img height=\"366\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/21/saupload_dd9b24d9d208667c9d1e6443096b3078.png\" width=\"635\"/><figcaption>Data by YCharts</figcaption></figure></p> <p>Over the last three years, Meta Platforms is essentially flat, while Microsoft has more than doubled its share price while delivering some dividend payments on top of that. The two companies actually rose more or less in line with each other through summer 2021, but Meta saw its share price drop rapidly over the last couple of months on the back of forecasting lower-than-expected growth. I do believe that this is an overreaction by the market, however. General growth trends for Meta are still in place, and the company is also still forecasting meaningful revenue growth this year - just at a somewhat lower rate.</p> <h2>FB And MSFT Stock Key Metrics</h2> <p>Meta Platforms saw its revenue rise by 20% during the most recent quarter - far from bad, I believe. In fact, the company beat revenue estimates slightly, although its profits were lower than forecasted. This was the result of its larger-than-expected investments in its metaverse business, which is hurting profitability for now. That being said, Meta was still deeply profitable, generating net profits of slightly more than $10 billion during a single quarter.</p> <p>Microsoft is even more profitable, of course. The company, which saw its revenue climb by 20% as well - i.e., at a comparable rate to how Meta Platforms grew - generated net earnings of almost $19 billion during the most recent quarter, making it one of the most profitable companies in the world.</p> <p>From a fundamentals standpoint, both companies look very strong. For example, their margins and returns on capital are highly attractive:</p> <p><figure><img height=\"366\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/21/saupload_6149c7588f6142eb4092b46c6fb9b494.png\" width=\"635\"/><figcaption>Data by YCharts</figcaption></figure></p> <p>Both companies generate operating margins of around 40%, with MSFT's margin being even slightly ahead of that level. This does de-risk the company's businesses, as even some margin pressure would leave them very profitable. A company with a low margin could see its profits vanish completely when experiencing a margin headwind of a couple of hundred base points, e.g. due to inflation. MSFT and FB, however, would not feel a large impact from that. Their strong margins also mean that each additional dollar in revenue is highly accretive and generates a lot of value for shareholders.</p> <p>In a similar way, their return on assets and return on capital employed are highly attractive - and both metrics are relatively comparable across the two companies.</p> <p>Both companies also have fortress balance sheets. This is important due to two reasons. First, this reduces risks, as the companies have a lot of flexibility and staying power in case their businesses were to run into temporary problems. On top of that, their large cash holdings allow them to be active in M&amp;A (see MSFT's ATVI takeover) and when it comes to shareholder returns.</p> <p><figure><img height=\"366\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/21/saupload_10efa6e50a7b812ccb018bb3dc3fd7d1.png\" width=\"635\"/><figcaption>Data by YCharts</figcaption></figure></p> <p>Microsoft has bought back $27 billion worth of shares over the last year while making another $20 billion worth of dividend payments over the same time frame. Meta Platforms, meanwhile, has bought back $45 billion worth of stock over the last year, with a large portion of those buybacks being made in the most recent quarter. On a shareholder yield basis, Meta looks way stronger, however. Its market capitalization of $540 billion indicates a shareholder yield of more than 8%, whereas Microsoft's shareholder yield is around 2.5% due to Microsoft's way larger market capitalization of more than $2 trillion.</p> <p>The two companies also differ a lot when it comes to valuation. Meta operates an attractive business, but Microsoft is arguably an even stronger company. Not only is it triple-A rated, but Microsoft also has one of the largest moats out of any publicly-traded company in the world, I believe. It thus makes sense that it trades at somewhat of a premium valuation compared to Meta, but I do not believe the premium should be as large as it is:</p> <p><figure><img height=\"366\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/21/saupload_7b5956b89ac03065ba2bdb8923a621ec.png\" width=\"635\"/><figcaption>Data by YCharts</figcaption></figure></p> <p>Meta trades at an enterprise value to EBITDA ratio of just 8, while trading at an FCF yield of ~8%. Meanwhile, Microsoft is trading at a 21x EBITDA multiple while offering a free cash flow yield of around 3%. In other words, Microsoft is around 2.6x as expensive as Meta is - I do not believe that the valuation premium for Microsoft should be this high. The valuation premium also used to be way smaller in the past - sometimes, FB was even trading at a premium compared to MSFT. This further strengthens my belief that FB is the better value today, as it is looking incredibly cheap compared to MSFT, even when we consider that MSFT's business model could be somewhat stronger than that of Meta Platforms.</p> <h2>Are MSFT And FB Good Long-Term Investments?</h2> <p>Both companies are active in industries that benefit from long-term macro tailwinds, such as digitalization, growing digital media consumption, video gaming, and so on. Both companies have fortress balance sheets and generated excellent returns with the capital they employ.</p> <p>From a business outlook, growth potential, fundamental, and business risk perspective, both companies look thus like compelling long-term investments. Microsoft, due to its outstanding moat, could be the even stronger company among the two from a fundamental basis when we do not account for valuation.</p> <h2>Is FB Or MSFT The Better Buy?</h2> <p>As indicated above, both stocks represent quality investments, I believe. When it comes to shareholder returns (relative to the market capitalization) and valuation, Meta Platform looks like the more appealing investment - it's just incredibly cheap despite growing at a similar rate to Microsoft in the most recent quarter.</p> <p>Both companies offer a lot of exposure to the metaverse. FB has a consumer focus here, while MSFT is more business-focused in its metaverse approach. Whether one favors one over the other or not is up to individual preferences, I believe. At a similar valuation, I'd likely prefer Microsoft even though Meta Platforms is a quality investment as well. But with Meta trading at less than half the valuation Microsoft is trading at, I do believe that Meta Platforms is the more attractive investment at current prices.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Platforms Vs. Microsoft: Which Is The Better Metaverse Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Platforms Vs. Microsoft: Which Is The Better Metaverse Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-23 00:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4502959-meta-platforms-vs-microsoft-better-metaverse-stock><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>photoman/E+ via Getty Images Article Thesis The metaverse has gotten a lot of attention in recent months, despite huge uncertainties about what it will look like a couple of years or decades from now....</p>\n\n<a href=\"https://seekingalpha.com/article/4502959-meta-platforms-vs-microsoft-better-metaverse-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","MSFT":"微软","BK4097":"系统软件","BK4573":"虚拟现实","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4548":"巴美列捷福持仓","BK4528":"SaaS概念","BK4516":"特朗普概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4553":"喜马拉雅资本持仓","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4566":"资本集团","BK4525":"远程办公概念","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4508":"社交媒体","BK4538":"云计算","BK4527":"明星科技股","BK4577":"网络游戏","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4503":"景林资产持仓"},"source_url":"https://seekingalpha.com/article/4502959-meta-platforms-vs-microsoft-better-metaverse-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2229416350","content_text":"photoman/E+ via Getty Images Article Thesis The metaverse has gotten a lot of attention in recent months, despite huge uncertainties about what it will look like a couple of years or decades from now. That also means that there are major unknowns when it comes to how profitable the metaverse will be for the companies active in this space. That being said, major players such as Meta Platforms, Inc. (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) are investing heavily in this space and seek to expand their business meaningfully over the years thanks to opportunities in the metaverse. In this article, we'll pit Meta Platforms and Microsoft against each other. How Are Meta Platforms And Microsoft Related To The Metaverse? The leadership of the two companies has been vocal about seeking to become major players in the metaverse. Meta Platforms even went as far as changing its name in order to emphasize how important the metaverse will (supposedly) be for the company in the future. Meta Platform's goals include a strong position in virtual and augmented reality gaming. The company has therefore started to buy up gaming companies specialized in this field. Meta has a dedicated metaverse business unit called Reality Labs. That is, for now, deeply unprofitable. During the most recent quarter, Reality Labs generated a loss of $3.3 billion, or more than $13 billion annualized. Not all shareholders were happy with that development of course, as it is not certain that these investments will pay off in the foreseeable future. The company's goals include the buildout of VR/AR gaming offerings, but Meta Platforms also seeks to offer a wide range of other services. This includes metaverse communities where people can interact and communicate using avatars, while Meta also plans to offer consumers the ability to experience a wide range of other things \"in the metaverse\". Traveling to other places (geographically as well as from a time perspective) is one such service - people will be able to view ancient cities, for example. All of this requires huge investments both in hardware as well as in software, which explains why Meta's Reality Labs is such a money-loser today. If things go right and the company's offerings become as attractive and as commonly used as the company's leadership believes they will, then those current investments could pay off handsomely in the future, however. Investors should not assume that this will be a thing in the next one or two years - instead, Meta's metaverse investments will likely take several years to start to pay off. Microsoft is not as hugely ambitious as Meta Platforms, but MSFT still offers considerable metaverse exposure. It's growing its gaming exposure as well, both through organic investments as well as through the planned takeover of Activision Blizzard (ATVI) that will likely close over the next year. Not all gaming is and will be AR/VR-based, but this naturally is a segment Microsoft will continue to expand into over the years. Microsoft also seeks to become a leading \"business metaverse\" company. Unlike Meta Platforms, it is not a purely consumer-centric company. Instead, MSFT will offer metaverse business meetings and similar technologies via its Teams platform and others. Microsoft has not broken out its metaverse investments as precisely as Meta Platforms did, but it seems reasonable to assume that MSFT is investing heavily in this space as well - and that Microsoft's metaverse business is a money-loser for now, too. How Have Meta Platforms And Microsoft Stocks Performed? In the long run, both companies have delivered considerable value for their shareholders. In recent years, Microsoft has been the way stronger performer, however. Data by YCharts Over the last three years, Meta Platforms is essentially flat, while Microsoft has more than doubled its share price while delivering some dividend payments on top of that. The two companies actually rose more or less in line with each other through summer 2021, but Meta saw its share price drop rapidly over the last couple of months on the back of forecasting lower-than-expected growth. I do believe that this is an overreaction by the market, however. General growth trends for Meta are still in place, and the company is also still forecasting meaningful revenue growth this year - just at a somewhat lower rate. FB And MSFT Stock Key Metrics Meta Platforms saw its revenue rise by 20% during the most recent quarter - far from bad, I believe. In fact, the company beat revenue estimates slightly, although its profits were lower than forecasted. This was the result of its larger-than-expected investments in its metaverse business, which is hurting profitability for now. That being said, Meta was still deeply profitable, generating net profits of slightly more than $10 billion during a single quarter. Microsoft is even more profitable, of course. The company, which saw its revenue climb by 20% as well - i.e., at a comparable rate to how Meta Platforms grew - generated net earnings of almost $19 billion during the most recent quarter, making it one of the most profitable companies in the world. From a fundamentals standpoint, both companies look very strong. For example, their margins and returns on capital are highly attractive: Data by YCharts Both companies generate operating margins of around 40%, with MSFT's margin being even slightly ahead of that level. This does de-risk the company's businesses, as even some margin pressure would leave them very profitable. A company with a low margin could see its profits vanish completely when experiencing a margin headwind of a couple of hundred base points, e.g. due to inflation. MSFT and FB, however, would not feel a large impact from that. Their strong margins also mean that each additional dollar in revenue is highly accretive and generates a lot of value for shareholders. In a similar way, their return on assets and return on capital employed are highly attractive - and both metrics are relatively comparable across the two companies. Both companies also have fortress balance sheets. This is important due to two reasons. First, this reduces risks, as the companies have a lot of flexibility and staying power in case their businesses were to run into temporary problems. On top of that, their large cash holdings allow them to be active in M&A (see MSFT's ATVI takeover) and when it comes to shareholder returns. Data by YCharts Microsoft has bought back $27 billion worth of shares over the last year while making another $20 billion worth of dividend payments over the same time frame. Meta Platforms, meanwhile, has bought back $45 billion worth of stock over the last year, with a large portion of those buybacks being made in the most recent quarter. On a shareholder yield basis, Meta looks way stronger, however. Its market capitalization of $540 billion indicates a shareholder yield of more than 8%, whereas Microsoft's shareholder yield is around 2.5% due to Microsoft's way larger market capitalization of more than $2 trillion. The two companies also differ a lot when it comes to valuation. Meta operates an attractive business, but Microsoft is arguably an even stronger company. Not only is it triple-A rated, but Microsoft also has one of the largest moats out of any publicly-traded company in the world, I believe. It thus makes sense that it trades at somewhat of a premium valuation compared to Meta, but I do not believe the premium should be as large as it is: Data by YCharts Meta trades at an enterprise value to EBITDA ratio of just 8, while trading at an FCF yield of ~8%. Meanwhile, Microsoft is trading at a 21x EBITDA multiple while offering a free cash flow yield of around 3%. In other words, Microsoft is around 2.6x as expensive as Meta is - I do not believe that the valuation premium for Microsoft should be this high. The valuation premium also used to be way smaller in the past - sometimes, FB was even trading at a premium compared to MSFT. This further strengthens my belief that FB is the better value today, as it is looking incredibly cheap compared to MSFT, even when we consider that MSFT's business model could be somewhat stronger than that of Meta Platforms. Are MSFT And FB Good Long-Term Investments? Both companies are active in industries that benefit from long-term macro tailwinds, such as digitalization, growing digital media consumption, video gaming, and so on. Both companies have fortress balance sheets and generated excellent returns with the capital they employ. From a business outlook, growth potential, fundamental, and business risk perspective, both companies look thus like compelling long-term investments. Microsoft, due to its outstanding moat, could be the even stronger company among the two from a fundamental basis when we do not account for valuation. Is FB Or MSFT The Better Buy? As indicated above, both stocks represent quality investments, I believe. When it comes to shareholder returns (relative to the market capitalization) and valuation, Meta Platform looks like the more appealing investment - it's just incredibly cheap despite growing at a similar rate to Microsoft in the most recent quarter. Both companies offer a lot of exposure to the metaverse. FB has a consumer focus here, while MSFT is more business-focused in its metaverse approach. Whether one favors one over the other or not is up to individual preferences, I believe. At a similar valuation, I'd likely prefer Microsoft even though Meta Platforms is a quality investment as well. But with Meta trading at less than half the valuation Microsoft is trading at, I do believe that Meta Platforms is the more attractive investment at current prices.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083151356,"gmtCreate":1650081737617,"gmtModify":1676534644132,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083151356","repostId":"2227831289","repostType":2,"repost":{"id":"2227831289","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1650080041,"share":"https://ttm.financial/m/news/2227831289?lang=&edition=fundamental","pubTime":"2022-04-16 11:34","market":"us","language":"en","title":"Activision cooperating with federal insider trading probes -filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2227831289","media":"Reuters","summary":"April 15 (Reuters) - Activision Blizzard    is cooperating with federal investigations into trading ","content":"<html><body><p>April 15 (Reuters) - Activision Blizzard    is cooperating with federal investigations into trading by friends of its chief executive shortly before the gaming company disclosed its sale to Microsoft Corp, it said in a securities filing on Friday.   </p><p>   It received requests for information from the U.S. Securities and Exchange Commission and received a subpoena from a Department of Justice grand jury, the maker of \"Call of Duty\" said in an amended proxy filing.  </p><p>   The requests \"appear to relate to their respective investigations into trading by third parties – including persons known to Activision Blizzard's CEO – in securities prior to the announcement of the proposed transaction,\" it said.    </p><p>   Microsoft    in January agreed to acquire Activision for $95 a share, or $68.7 billion in total, in the biggest video-gaming industry deal in history.  </p><p>   The company did not name the parties, nor say whether the grand jury subpoena was directed at any employee. </p><p>   The filing did not disclose when it received the subpoena or the SEC request for information. </p><p>   Media moguls Barry Diller and David Geffen, and investor Alexander von Furstenberg, acquired share options after von Furstenberg met with Activision CEO Bobby Kotick and days before it disclosed the sale to Microsoft, the Wall Street Journal reported last month. </p><p>   \"Activision Blizzard has informed these authorities that it intends to be fully cooperative with these investigations,\" the company said.     </p><p>   Diller told Reuters last month that none of the three had any knowledge about a potential acquisition and had acted on the belief that Activision was undervalued and had the potential for going private or being acquired.   </p><p>   The amended proxy filing that included the information on its cooperation with the SEC and DOJ came after shareholders sued the company alleging omissions to a preliminary proxy on the sale.</p><p> (Reporting by Gary McWilliams; Editing by Himani Sarkar)</p><p>((Gary.McWilliams@thomsonreuters.com; +1 469-691-7668;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activision cooperating with federal insider trading probes -filing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivision cooperating with federal insider trading probes -filing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-16 11:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>April 15 (Reuters) - Activision Blizzard    is cooperating with federal investigations into trading by friends of its chief executive shortly before the gaming company disclosed its sale to Microsoft Corp, it said in a securities filing on Friday.   </p><p>   It received requests for information from the U.S. Securities and Exchange Commission and received a subpoena from a Department of Justice grand jury, the maker of \"Call of Duty\" said in an amended proxy filing.  </p><p>   The requests \"appear to relate to their respective investigations into trading by third parties – including persons known to Activision Blizzard's CEO – in securities prior to the announcement of the proposed transaction,\" it said.    </p><p>   Microsoft    in January agreed to acquire Activision for $95 a share, or $68.7 billion in total, in the biggest video-gaming industry deal in history.  </p><p>   The company did not name the parties, nor say whether the grand jury subpoena was directed at any employee. </p><p>   The filing did not disclose when it received the subpoena or the SEC request for information. </p><p>   Media moguls Barry Diller and David Geffen, and investor Alexander von Furstenberg, acquired share options after von Furstenberg met with Activision CEO Bobby Kotick and days before it disclosed the sale to Microsoft, the Wall Street Journal reported last month. </p><p>   \"Activision Blizzard has informed these authorities that it intends to be fully cooperative with these investigations,\" the company said.     </p><p>   Diller told Reuters last month that none of the three had any knowledge about a potential acquisition and had acted on the belief that Activision was undervalued and had the potential for going private or being acquired.   </p><p>   The amended proxy filing that included the information on its cooperation with the SEC and DOJ came after shareholders sued the company alleging omissions to a preliminary proxy on the sale.</p><p> (Reporting by Gary McWilliams; Editing by Himani Sarkar)</p><p>((Gary.McWilliams@thomsonreuters.com; +1 469-691-7668;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4085":"互动家庭娱乐","BK4561":"索罗斯持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4524":"宅经济概念","MSFT":"微软","ATVI":"动视暴雪","BK4577":"网络游戏"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2227831289","content_text":"April 15 (Reuters) - Activision Blizzard    is cooperating with federal investigations into trading by friends of its chief executive shortly before the gaming company disclosed its sale to Microsoft Corp, it said in a securities filing on Friday.      It received requests for information from the U.S. Securities and Exchange Commission and received a subpoena from a Department of Justice grand jury, the maker of \"Call of Duty\" said in an amended proxy filing.     The requests \"appear to relate to their respective investigations into trading by third parties – including persons known to Activision Blizzard's CEO – in securities prior to the announcement of the proposed transaction,\" it said.       Microsoft    in January agreed to acquire Activision for $95 a share, or $68.7 billion in total, in the biggest video-gaming industry deal in history.     The company did not name the parties, nor say whether the grand jury subpoena was directed at any employee.    The filing did not disclose when it received the subpoena or the SEC request for information.    Media moguls Barry Diller and David Geffen, and investor Alexander von Furstenberg, acquired share options after von Furstenberg met with Activision CEO Bobby Kotick and days before it disclosed the sale to Microsoft, the Wall Street Journal reported last month.    \"Activision Blizzard has informed these authorities that it intends to be fully cooperative with these investigations,\" the company said.        Diller told Reuters last month that none of the three had any knowledge about a potential acquisition and had acted on the belief that Activision was undervalued and had the potential for going private or being acquired.      The amended proxy filing that included the information on its cooperation with the SEC and DOJ came after shareholders sued the company alleging omissions to a preliminary proxy on the sale. (Reporting by Gary McWilliams; Editing by Himani Sarkar)((Gary.McWilliams@thomsonreuters.com; +1 469-691-7668;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089892016,"gmtCreate":1649980064105,"gmtModify":1676534619482,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089892016","repostId":"1107951505","repostType":2,"repost":{"id":"1107951505","pubTimestamp":1649979860,"share":"https://ttm.financial/m/news/1107951505?lang=&edition=fundamental","pubTime":"2022-04-15 07:44","market":"us","language":"en","title":"After-Hours Stock Movers: Twitter, Nektar Therapeutics, PropertyGuru and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1107951505","media":"The Fly","summary":"Twitter gains about 4% afterhours as NY Post reports that Thoma Bravo is also working on a bid just ","content":"<html><head></head><body><p>Twitter gains about 4% afterhours as NY Post reports that Thoma Bravo is also working on a bid just as CEO tells employees that it is evaluating Musk .</p><p><b>UP AFTER EARNINGS</b></p><ul><li>Engine Gaming and Media (GAME) up 2.8%</li></ul><p><b>ALSO HIGHER</b></p><ul><li>Twitter (TWTR) up 3.8% after NY Post report that Thoma Bravo also working on potential bid</li></ul><p><b>LOWER</b></p><ul><li>Nektar Therapeutics (NKTR) down 19.6% after announcing end of development program for bempegaldesleukin/Opdivo</li><li>PropertyGuru (PGRU) down 2.4% after equity offering</li><li>Stronghold Digital Mining (SDIG) up 1.9% after naming new CFO</li></ul></body></html>","source":"lsy1649979459173","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After-Hours Stock Movers: Twitter, Nektar Therapeutics, PropertyGuru and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nAfter-Hours Stock Movers: Twitter, Nektar Therapeutics, PropertyGuru and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-15 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3494684&headline=GAME;TWTR;NKTR;PGRU;SDIG-Fly-Intel-AfterHours-Movers><strong>The Fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Twitter gains about 4% afterhours as NY Post reports that Thoma Bravo is also working on a bid just as CEO tells employees that it is evaluating Musk .UP AFTER EARNINGSEngine Gaming and Media (GAME) ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3494684&headline=GAME;TWTR;NKTR;PGRU;SDIG-Fly-Intel-AfterHours-Movers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SDIG":"Stronghold Digital Mining, Inc","NKTR":"内克塔治疗","PGRU":"PropertyGuru Group Limited","TWTR":"Twitter","GAME":"GAMESQUARE HLDGS INC"},"source_url":"https://thefly.com/landingPageNews.php?id=3494684&headline=GAME;TWTR;NKTR;PGRU;SDIG-Fly-Intel-AfterHours-Movers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107951505","content_text":"Twitter gains about 4% afterhours as NY Post reports that Thoma Bravo is also working on a bid just as CEO tells employees that it is evaluating Musk .UP AFTER EARNINGSEngine Gaming and Media (GAME) up 2.8%ALSO HIGHERTwitter (TWTR) up 3.8% after NY Post report that Thoma Bravo also working on potential bidLOWERNektar Therapeutics (NKTR) down 19.6% after announcing end of development program for bempegaldesleukin/OpdivoPropertyGuru (PGRU) down 2.4% after equity offeringStronghold Digital Mining (SDIG) up 1.9% after naming new CFO","news_type":1},"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080632231,"gmtCreate":1649883633962,"gmtModify":1676534595822,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"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/9080632231","repostId":"2227481376","repostType":2,"repost":{"id":"2227481376","pubTimestamp":1649903617,"share":"https://ttm.financial/m/news/2227481376?lang=&edition=fundamental","pubTime":"2022-04-14 10:33","market":"us","language":"en","title":"Apple: Outperforming Its FAAMNG Peers In 2022 - Here's Why","url":"https://stock-news.laohu8.com/highlight/detail?id=2227481376","media":"seekingalpha","summary":"SummaryApple has confounded tech investors in 2022 with its outperformance among its FAAMNG peers.We","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple has confounded tech investors in 2022 with its outperformance among its FAAMNG peers.</li><li>We discuss why bearish investors failed to grasp how to value AAPL stock.</li><li>Apple stock remains a Buy.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c8c050cfb147c509947da8a7709b03d\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>Feline Lim/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>Apple Inc. (NASDAQ:AAPL) stock has had a remarkable year in 2022. Even though it&#39;s down 5.5% YTD, it has outperformed all its FAAMNG peers and the Invesco QQQ <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a> (QQQ). However, despite Apple&#39;s notable performance, bearish investors have continued to front their negative thesis, most notably against its &#34;undeserved&#34; premium.</p><p>We concur that AAPL stock is relatively more expensive than six months ago. Its relative outperformance against the market and its poorer-performing peers was the clear driver of its relative valuation.</p><p>Despite that, we think AAPL stock&#39;s risk/reward remains pretty well-balanced at the current levels. Furthermore, China&#39;s recent supply chain headwinds and production lockdowns have done little to unsettle Apple investors. Instead, it demonstrated investors&#39; preference for stocks with robust free cash flow prowess in challenging macro environments.</p><p>Investors can consider taking a 10-15% haircut from the current price levels for a less aggressive entry. We also present a simple valuation model for investors to use without the need for DCF sophistication.</p><p>We discuss why Apple remains a Buy.</p><p><b>AAPL Stock&#39;s Outperformance Baffles The Bears</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7df55b8520b377240b37289e0659725\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/><span>AAPL stock performance Vs. FAAMNG peers (koyfin)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e14d0ce3205c3af55872cbd8f7865ecd\" tg-width=\"640\" tg-height=\"289\" referrerpolicy=\"no-referrer\"/><span>AAPL stock NTM FCF yields Vs. FAAMNG peers (TIKR)</span></p><p>Readers can observe AAPL stock&#39;s relative outperformance against its peers since the start of 2022. For instance, the stock&#39;s -5.5% decline was much better than its closest challenger Amazon&#39;s (AMZN) -9.6% drop. It was also ahead of the QQQ&#39;s -14.6% return as the NASDAQ emerged from a brief bear market in March.</p><p>Therefore, we think AAPL stock has confounded the bears yet again as investors sought safety in it. Why? It&#39;s straightforward. Taking a closer look at the second chart would reveal some meaningful insights. AAPL&#39;s NTM FCF yield of 3.8% was well ahead of its peers, except Meta (FB) and Google (GOOGL) (GOOG). Therefore, some investors argued that FB&#39;s stock and GOOGL&#39;s stock seem more attractive than AAPL at the moment.</p><p>While we concur that both stocks are undervalued (based on our DCF and comps models), it doesn&#39;t mean AAPL is not attractive at a fair valuation. Given its robust and improving FCF profitability, we think tech investors remain confident that AAPL stock remains a core stock in their growth portfolios.</p><p><b>But, What About The Impact From Its Supply Chains?</b></p><p>Apple certainly isn&#39;t immune from the supply chain snarls that have worsened recently. China&#39;s full-blown COVID lockdowns have continued, and local state authorities are determined to curb the sharply rising cases. Notably, two of Apple&#39;s key suppliers, Pegatron and Quanta, have suspended their production amid the lockdowns. Bloomberg reported (edited):</p><blockquote>On Wednesday, Quanta said it was suspending a Shanghai plant to comply with government restrictions. Kunshan, a bustling city that hosts Apple Inc. suppliers including Pegatron and Luxshare Precision Industry Co., began a city-wide lockdown in early April.</blockquote><blockquote>On Tuesday, Pegatron suspended its iPhone assembly campuses in those two cities as China struggles to control the worst virus outbreak in two years. Other key Apple Inc. manufacturing partners including Luxshare and <a href=\"https://laohu8.com/S/CMPLF\">Compal Electronics Inc.</a> also have major operations in Kunshan. - Bloomberg</blockquote><p>However, investors should note that Pegatron accounted for about 20-30% of Apple&#39;s iPhone production. Still, Quanta&#39;s suspension will undoubtedly impact its MacBook production, as it&#39;s Apple&#39;s &#34;sole EMS supplier,&#34; according to famed Apple analyst Ming-Chi Kuo. Nevertheless, he highlighted that Foxconn should be able to absorb the impact of its suppliers&#39; production halt partially. He accentuated: &#34;Foxconn at least can partially support iPhone and iPad supply to lower the impacts of discontinued operations at Pegatron and Compal.&#34;</p><p>However, the impact on AAPL stock seems much more muted than what we saw with NVIDIA (NVDA) and <a href=\"https://laohu8.com/S/AMD\">AMD</a> (AMD) recently. NVDA&#39;s stock was fast approaching its March lows, while AMD has already broken below its March bottom. But, why not Apple?</p><p>If we refer to recent commentary regarding its iPhone demand, it has remained robust compared to its Android peers. Therefore, it demonstrated that Apple&#39;s premium end-demand is less sensitive to a surge in costs that have hampered the Android devices. BofA also highlighted in late March that Apple&#39;s lower trade-in prices signify the resilience of its new iPhones. It highlighted (edited):</p><blockquote>Apple is offering trade-in values that are less than third parties in the US and UK and it recently cut trade-in prices in both countries, as well as China. In our opinion, lower Apple trade-in prices vs 3rd parties and the reduction in overall iPhone trade-in prices signifies strong demand. - Seeking Alpha</blockquote><p>Recent supply chain checks from Apple&#39;s Taiwanese supply chain partners also indicate that &#34;they have yet to receive instructions from customers about revising orders, according to industry sources.&#34; Furthermore, DIGITIMES added (edited):</p><blockquote>They noted that <i>shipment estimates originally given by customers for Q2&#39;22 were actually lower</i> than generally expected by market observers, and <i>pull-in momentum from Apple has been rather stable</i>, the sources said.</blockquote><blockquote>Due to the good sales performance of the previous iPhone SE 2, it is believed the iPhone SE 5G will help Apple further chip away at Android&#39;s market share. However, based on reports from channels, pre-orders and subsenquent sales have not been as high as expected, resulting in rumors about Apple cutting orders. - DIGITIMES</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd9be12640aaee0f237c0b367ac2c039\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Apple iPhone revenue (FQ1 Vs. FQ2) (Company filings)</span></p><p>Therefore, it&#39;s already within market expectations that Apple&#39;s FQ2 (ending March 2022) would be weaker than its FQ1 (ended December 2021). Keen Apple investors know the criticality of the year-end holiday season to Apple&#39;s iPhone sales. As seen above, Apple&#39;s iPhone revenue has typically surged in its final calendar quarter (Apple&#39;s FQ1). Therefore, the comps with FQ2 are not meaningful due to the seasonality of Apple&#39;s iPhone launch cadence.</p><p>Therefore, given the resilience of Apple&#39;s supply chain and the seasonality of demand surrounding its FQ2, we think worries about Apple&#39;s end-demand have been overstated.</p><p><b>Also, Don&#39;t Understate Apple&#39;s Superb Free Cash Flow Margins</b></p><p>We have explained AAPL&#39;s superb FCF yields earlier, despite its recent outperformance against its FAAMNG peers. But, we think bearish investors don&#39;t accord sufficient credit to Apple&#39;s FCF prowess.</p><p>So, investors need to understand that Apple is a massive cash flow machine that can efficiently translate its operating leverage gains into FCF profitability. Therefore, AAPL doesn&#39;t need double-digit revenue growth to justify its valuation. Let us explain with a simple model which investors can easily apply.</p><table><tbody><tr><td>Stock</td><td>AAPL</td></tr><tr><td>Current Market Cap</td><td>$2.75T</td></tr><tr><td>Required CAGR</td><td>10%</td></tr><tr><td>Years Modelled</td><td>10</td></tr><tr><td>Estimated Market Cap in Year 10</td><td>$7.14T</td></tr><tr><td>Required FCF Yield in Year 10</td><td>3.5%</td></tr><tr><td>Implied FCF multiple = 1/FCF yield</td><td>28.6x</td></tr><tr><td>Estimated FCF margins in Year 10 (S&amp;P Cap IQ, Trefis blended estimates)</td><td>28%</td></tr><tr><td>Implied estimated revenue in Year 10</td><td>$892B</td></tr><tr><td>Implied Forward revenue CAGR from FY22E (10 years)</td><td>8.47%</td></tr></tbody></table><p><i>Calculating Apple&#39;s required forward revenue CAGR. Data source: author, S&amp;P Capital IQ, Trefis, company filings</i></p><p>As explained earlier, we don&#39;t think AAPL is undervalued anymore. The massive growth over the last five years is over for now. But, we believe Apple has some optionalities that may not have been factored in fully or partially.</p><p>These include higher than expected services revenue (which comes with higher margins accretion), higher subscriptions take-up rates, a more robust ATT framework to take share from Meta and Google, Apple Car, Apple AR, etc.</p><p>Therefore, we think buying Apple now is a pretty safe bet if you are comfortable with a 10% CAGR over time. However, if you require 15-20%, you need to wait for a deeper retracement for AAPL stock to reach undervalued levels again.</p><p>As such, <i>we reiterate our Buy rating on AAPL stock.</i></p><p>This article was written by JR Research.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Outperforming Its FAAMNG Peers In 2022 - Here's Why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Outperforming Its FAAMNG Peers In 2022 - Here's Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-14 10:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4501292-apple-outperforming-its-faamng-peers-in-2022-heres-why><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple has confounded tech investors in 2022 with its outperformance among its FAAMNG peers.We discuss why bearish investors failed to grasp how to value AAPL stock.Apple stock remains a Buy....</p>\n\n<a href=\"https://seekingalpha.com/article/4501292-apple-outperforming-its-faamng-peers-in-2022-heres-why\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4576":"AR","AAPL":"苹果","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4550":"红杉资本持仓","BK4579":"人工智能"},"source_url":"https://seekingalpha.com/article/4501292-apple-outperforming-its-faamng-peers-in-2022-heres-why","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2227481376","content_text":"SummaryApple has confounded tech investors in 2022 with its outperformance among its FAAMNG peers.We discuss why bearish investors failed to grasp how to value AAPL stock.Apple stock remains a Buy.Feline Lim/Getty Images NewsInvestment ThesisApple Inc. (NASDAQ:AAPL) stock has had a remarkable year in 2022. Even though it's down 5.5% YTD, it has outperformed all its FAAMNG peers and the Invesco QQQ Pacer Swan SOS Fund of Funds ETF|ETF (QQQ). However, despite Apple's notable performance, bearish investors have continued to front their negative thesis, most notably against its \"undeserved\" premium.We concur that AAPL stock is relatively more expensive than six months ago. Its relative outperformance against the market and its poorer-performing peers was the clear driver of its relative valuation.Despite that, we think AAPL stock's risk/reward remains pretty well-balanced at the current levels. Furthermore, China's recent supply chain headwinds and production lockdowns have done little to unsettle Apple investors. Instead, it demonstrated investors' preference for stocks with robust free cash flow prowess in challenging macro environments.Investors can consider taking a 10-15% haircut from the current price levels for a less aggressive entry. We also present a simple valuation model for investors to use without the need for DCF sophistication.We discuss why Apple remains a Buy.AAPL Stock's Outperformance Baffles The BearsAAPL stock performance Vs. FAAMNG peers (koyfin)AAPL stock NTM FCF yields Vs. FAAMNG peers (TIKR)Readers can observe AAPL stock's relative outperformance against its peers since the start of 2022. For instance, the stock's -5.5% decline was much better than its closest challenger Amazon's (AMZN) -9.6% drop. It was also ahead of the QQQ's -14.6% return as the NASDAQ emerged from a brief bear market in March.Therefore, we think AAPL stock has confounded the bears yet again as investors sought safety in it. Why? It's straightforward. Taking a closer look at the second chart would reveal some meaningful insights. AAPL's NTM FCF yield of 3.8% was well ahead of its peers, except Meta (FB) and Google (GOOGL) (GOOG). Therefore, some investors argued that FB's stock and GOOGL's stock seem more attractive than AAPL at the moment.While we concur that both stocks are undervalued (based on our DCF and comps models), it doesn't mean AAPL is not attractive at a fair valuation. Given its robust and improving FCF profitability, we think tech investors remain confident that AAPL stock remains a core stock in their growth portfolios.But, What About The Impact From Its Supply Chains?Apple certainly isn't immune from the supply chain snarls that have worsened recently. China's full-blown COVID lockdowns have continued, and local state authorities are determined to curb the sharply rising cases. Notably, two of Apple's key suppliers, Pegatron and Quanta, have suspended their production amid the lockdowns. Bloomberg reported (edited):On Wednesday, Quanta said it was suspending a Shanghai plant to comply with government restrictions. Kunshan, a bustling city that hosts Apple Inc. suppliers including Pegatron and Luxshare Precision Industry Co., began a city-wide lockdown in early April.On Tuesday, Pegatron suspended its iPhone assembly campuses in those two cities as China struggles to control the worst virus outbreak in two years. Other key Apple Inc. manufacturing partners including Luxshare and Compal Electronics Inc. also have major operations in Kunshan. - BloombergHowever, investors should note that Pegatron accounted for about 20-30% of Apple's iPhone production. Still, Quanta's suspension will undoubtedly impact its MacBook production, as it's Apple's \"sole EMS supplier,\" according to famed Apple analyst Ming-Chi Kuo. Nevertheless, he highlighted that Foxconn should be able to absorb the impact of its suppliers' production halt partially. He accentuated: \"Foxconn at least can partially support iPhone and iPad supply to lower the impacts of discontinued operations at Pegatron and Compal.\"However, the impact on AAPL stock seems much more muted than what we saw with NVIDIA (NVDA) and AMD (AMD) recently. NVDA's stock was fast approaching its March lows, while AMD has already broken below its March bottom. But, why not Apple?If we refer to recent commentary regarding its iPhone demand, it has remained robust compared to its Android peers. Therefore, it demonstrated that Apple's premium end-demand is less sensitive to a surge in costs that have hampered the Android devices. BofA also highlighted in late March that Apple's lower trade-in prices signify the resilience of its new iPhones. It highlighted (edited):Apple is offering trade-in values that are less than third parties in the US and UK and it recently cut trade-in prices in both countries, as well as China. In our opinion, lower Apple trade-in prices vs 3rd parties and the reduction in overall iPhone trade-in prices signifies strong demand. - Seeking AlphaRecent supply chain checks from Apple's Taiwanese supply chain partners also indicate that \"they have yet to receive instructions from customers about revising orders, according to industry sources.\" Furthermore, DIGITIMES added (edited):They noted that shipment estimates originally given by customers for Q2'22 were actually lower than generally expected by market observers, and pull-in momentum from Apple has been rather stable, the sources said.Due to the good sales performance of the previous iPhone SE 2, it is believed the iPhone SE 5G will help Apple further chip away at Android's market share. However, based on reports from channels, pre-orders and subsenquent sales have not been as high as expected, resulting in rumors about Apple cutting orders. - DIGITIMESApple iPhone revenue (FQ1 Vs. FQ2) (Company filings)Therefore, it's already within market expectations that Apple's FQ2 (ending March 2022) would be weaker than its FQ1 (ended December 2021). Keen Apple investors know the criticality of the year-end holiday season to Apple's iPhone sales. As seen above, Apple's iPhone revenue has typically surged in its final calendar quarter (Apple's FQ1). Therefore, the comps with FQ2 are not meaningful due to the seasonality of Apple's iPhone launch cadence.Therefore, given the resilience of Apple's supply chain and the seasonality of demand surrounding its FQ2, we think worries about Apple's end-demand have been overstated.Also, Don't Understate Apple's Superb Free Cash Flow MarginsWe have explained AAPL's superb FCF yields earlier, despite its recent outperformance against its FAAMNG peers. But, we think bearish investors don't accord sufficient credit to Apple's FCF prowess.So, investors need to understand that Apple is a massive cash flow machine that can efficiently translate its operating leverage gains into FCF profitability. Therefore, AAPL doesn't need double-digit revenue growth to justify its valuation. Let us explain with a simple model which investors can easily apply.StockAAPLCurrent Market Cap$2.75TRequired CAGR10%Years Modelled10Estimated Market Cap in Year 10$7.14TRequired FCF Yield in Year 103.5%Implied FCF multiple = 1/FCF yield28.6xEstimated FCF margins in Year 10 (S&P Cap IQ, Trefis blended estimates)28%Implied estimated revenue in Year 10$892BImplied Forward revenue CAGR from FY22E (10 years)8.47%Calculating Apple's required forward revenue CAGR. Data source: author, S&P Capital IQ, Trefis, company filingsAs explained earlier, we don't think AAPL is undervalued anymore. The massive growth over the last five years is over for now. But, we believe Apple has some optionalities that may not have been factored in fully or partially.These include higher than expected services revenue (which comes with higher margins accretion), higher subscriptions take-up rates, a more robust ATT framework to take share from Meta and Google, Apple Car, Apple AR, etc.Therefore, we think buying Apple now is a pretty safe bet if you are comfortable with a 10% CAGR over time. However, if you require 15-20%, you need to wait for a deeper retracement for AAPL stock to reach undervalued levels again.As such, we reiterate our Buy rating on AAPL stock.This article was written by JR Research.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9017811061,"gmtCreate":1649764554778,"gmtModify":1676534568154,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017811061","repostId":"2226652873","repostType":2,"repost":{"id":"2226652873","pubTimestamp":1649764642,"share":"https://ttm.financial/m/news/2226652873?lang=&edition=fundamental","pubTime":"2022-04-12 19:57","market":"us","language":"en","title":"Starbucks dips after Citi pulls buy rating on the coffee chain stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2226652873","media":"seekingalpha","summary":"JohnFScott/iStock Unreleased via Getty Images  Citi downgraded Starbucks (NASDAQ:SBUX) on Tuesday to","content":"<html><body><p><figure> <picture> <img height=\"1024px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/458641929/image_458641929.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>JohnFScott/iStock Unreleased via Getty Images</p></figcaption> </figure></p> <p>Citi downgraded Starbucks (<span>NASDAQ:SBUX</span>) on Tuesday to a Neutral rating after having the<span> coffee chain stock slotted at Buy.</span></p> <p>Analyst Jon <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a> and team think the recent management transition at Starbucks (SBUX) on top of the U.S. labor shifts pose potential risks to earnings for several years.</p> <p>\"In addition to broader inflation pressures/risks, management changes/unionization pushes could be tied to additional partner investments, and new ESG initiatives on the horizon present additional unknowns for forward looking estimates. Omicron and China lockdowns are likely to limit NT positive surprises, and it feels appropriate for shares to be trading near lows relative to the S&amp;P 500.\"</p> <p>In China, recent lockdown actions by the government in Shanghai has raised the risk of Q1 earnings coming in lighter than anticipated for SBUX in the region.</p> <p>Citi reduced its price target on Starbucks (SBUX) to $91 per share from $120.</p> <p>Shares of Starbucks (SBUX) fell <span>0.89%</span> premarket to $79.97.</p> <p>Read more about the union wildcard at Starbucks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Starbucks dips after Citi pulls buy rating on the coffee chain stock</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\">\nStarbucks dips after Citi pulls buy rating on the coffee chain stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 19:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3822589-starbucks-dips-after-citi-pulls-buy-rating-on-the-coffee-chain-stock><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JohnFScott/iStock Unreleased via Getty Images  Citi downgraded Starbucks (NASDAQ:SBUX) on Tuesday to a Neutral rating after having the coffee chain stock slotted at Buy. Analyst Jon Tower and team ...</p>\n\n<a href=\"https://seekingalpha.com/news/3822589-starbucks-dips-after-citi-pulls-buy-rating-on-the-coffee-chain-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4535":"淡马锡持仓","BK4207":"综合性银行","SBUX":"星巴克","BK4534":"瑞士信贷持仓","C":"花旗","BK4504":"桥水持仓","BK4566":"资本集团","BK4209":"餐馆"},"source_url":"https://seekingalpha.com/news/3822589-starbucks-dips-after-citi-pulls-buy-rating-on-the-coffee-chain-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2226652873","content_text":"JohnFScott/iStock Unreleased via Getty Images  Citi downgraded Starbucks (NASDAQ:SBUX) on Tuesday to a Neutral rating after having the coffee chain stock slotted at Buy. Analyst Jon Tower and team think the recent management transition at Starbucks (SBUX) on top of the U.S. labor shifts pose potential risks to earnings for several years. \"In addition to broader inflation pressures/risks, management changes/unionization pushes could be tied to additional partner investments, and new ESG initiatives on the horizon present additional unknowns for forward looking estimates. Omicron and China lockdowns are likely to limit NT positive surprises, and it feels appropriate for shares to be trading near lows relative to the S&P 500.\" In China, recent lockdown actions by the government in Shanghai has raised the risk of Q1 earnings coming in lighter than anticipated for SBUX in the region. Citi reduced its price target on Starbucks (SBUX) to $91 per share from $120. Shares of Starbucks (SBUX) fell 0.89% premarket to $79.97. Read more about the union wildcard at Starbucks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014956306,"gmtCreate":1649592301447,"gmtModify":1676534535154,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014956306","repostId":"2226508034","repostType":2,"repost":{"id":"2226508034","pubTimestamp":1649592000,"share":"https://ttm.financial/m/news/2226508034?lang=&edition=fundamental","pubTime":"2022-04-10 20:00","market":"us","language":"en","title":"Spirit Realty: My Oh My, Another Strong Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=2226508034","media":"seekingalpha","summary":"RichVintage/E+ via Getty Images This article was co-produced with Nicholas Ward. Since the Fed annou","content":"<html><body><p><figure><picture> <img height=\"1024px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/475537132/image_475537132.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture><figcaption> <p>RichVintage/E+ via Getty Images</p></figcaption></figure></p> <p><em>This article was co-produced with Nicholas Ward.</em></p> <p>Since the Fed announced its plans to begin normalizing rates again several weeks ago, we’ve seen a broad market rally occur. The Fed increased rates by 25 basis points, its first<span> increase in 3 years.</span></p> <p>Furthermore, Fed officials updated their dot plot, which now points towards another 6 increases during 2022 alone. While this may seem drastic, it was less than the 50-basis point increase that many investors feared in the near-term.</p> <p>Overall, it appears that the Fed did a great job of threading the needle with regard to the extent and the pace of its proposed rate increases - as well as the more recently announced plans to reduce the size of its balance sheet - because we’ve seen stocks from a wide variety of industries and sectors move higher since the Fed’s big announcement in mid-March… REITs included.</p> <p>Something that stands out when looking at the bullish momentum in the markets these days is the rally that is happening in the defensive space.</p> <p>We’re looking at healthcare stocks experiencing their time in the sun, with many names that have lagged in recent years making all-time highs (names like AbbVie (ABBV) and Bristol Myers Squibb (BMY) come to mind here).</p> <p>The utility sector has performed extremely well in recent weeks, with the Utilities Select Sector SPDR (XLU) up 8.9% during the last month alone. The consumer staples space has performed well too. The Consumer Staples Select Sector SPDR (XLP) is up 7.43% during the last 30 days.</p> <p>And, of course, we’ve seen the real estate space, known for its relatively high yields, post outperformance as well. The Real Estate Select Sector SPDR (XLRE) is up 7.19% during the last month.</p> <p>All of these areas of the market have outperformed the S&amp;P 500 (SPY) which is up 5.81% during the last 30 days and the Nasdaq 100 (QQQ) which is up 7.02% during the last 30 days.</p> <p>In short, while the broad markets have headed higher, we’re looking at a rally that favors lower risk assets, which has allowed some of our favorite blue-chip REITs to post even larger alpha.</p> <p>In general, when we think about reliable passive income in the REIT space, our minds head towards the net lease space.</p> <p>Why?</p> <p>Well, because the <em><strong>triple net lease business model produces some of the highest margins in the entire market and historically</strong></em>, the leaders in this industry have produced incredibly safe dividends and steady dividend growth.</p> <p>For instance, shares of <strong>Realty Income</strong> (O) have risen by 9.16% during the past 30 days. O has been a top pick of ours in the net lease space for years (in terms of quality) and up until recently, O’s valuation metrics were quite impressive as well.</p> <p>However, after its recent rally, O shares are trading with a ~1% margin of safety relative to our “Buy Up To” threshold of $72/share. Therefore, while we continue to love the quality that O presents, we’re looking elsewhere for better bargains.</p> <p>We obviously love focusing on blue chip stocks - especially during uncertain times like these, with potential headwinds on the horizon in the form of geopolitical and monetary policy threats to growth) - however, the fact of the matter is, when looking at the highest quality net lease REITs that we track at iREIT, we’re seeing diminished margins of safety.</p> <p>We’re currently looking at single digit margins of safety on other high quality net lease stocks such as <strong>Agree Realty</strong> (ADC), which currently trades with a 6% margin of safety, and <strong><a href=\"https://laohu8.com/S/NNN\">National Retail Properties</a></strong> (NNN), which currently trades with a 7% margin of safety.</p> <p>Furthermore, <strong>W. P. Carey</strong> (WPC), which is now trading above our fair value estimate of $80/share and therefore, trades with a negative margin of safety.</p> <p>One name that really stands out to us in the current market conditions is <strong>Spirit Realty</strong> (<span>NYSE:SRC</span>).</p> <p>SRC shares are actually down 1.61% during the last 30 days, pushing the stock’s year-to-date performance down to -4.43%.</p> <p>Spirit doesn’t score as highly as the other net lease stocks that we’ve highlighted thus far, all of which have 90+ iREIT IQ ratings (which is our 1-100 quality metrics scale); however, at 75/100 on the iREIT IQ scale, SRC is certainly not a low-quality name.</p> <p>And, in terms of its iREIT IV rating (our 1-100 scale which focuses on value oriented metrics), SRC currently offers the best score in the entire net lease space, with a 91/100 rating (for comparison’s sake, O, ADC, NNN, and WPC are currently rated 57, 60, 65, and 57, respectively, with the iREIT IV system).</p> <p>What’s most interesting about Spirit right now is the divergence between the direction that the stock’s fundamentals are headed and the direction of the company’s share price.</p> <p>SRC’s share price is down mid-single digits thus far throughout 2022; however, the company is expected to post high single digit AFFO growth this year.</p> <p>And, this comes on the heels of a 12% AFFO growth year in 2021, showing that the fundamental strength which helped the stock post ~20% capital gains last year remains in place.</p> <p>During its Q4 report, SRC management highlighted the relative attractiveness of its shares, highlighting its total return potential in the near-term (looking at AFFO growth estimates + dividend yield).</p> <p>As you can see, in mid-February, SRC offered attractive total return potential… and since then, this stock has gotten even more attractive, on a relatively basis to its peers, due to the fact that SRC shares have stagnated while the majority of its net lease brethren have moved higher.</p> <p><figure><picture> <img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/saupload_xAScppDCmu9rSt0L6z108EEEYPvoLgr7bBJ7rV5_ETjDKWTuaGnE1rm0bbeE8J3KfrVYeVD8TVyEpPcRXyS-1sQCgNR19k9CXG4SsaR9hYqGrNye4jz6KebMy5ikMwKi6xRO_qe1.png\" vspace=\"6\"/> </picture><figcaption><p><span>Q4-21 SRC Presentation </span></p></figcaption></figure></p> <p>Today, SRC yields 5.58%, meaning that its dividend yield is above the net lease average of 5.2%. SRC’s yield is much higher than the yield offered by the aforementioned blue chips; right now, O yields 4.14%, ADC yields 3.94%, NNN yields 4.66%, and WPC yields 5.18%.</p> <p>And, while it’s true that SRC doesn’t possess the same sort of quality as these names in terms of its portfolio (especially with regard to investment grade tenants), balance sheet metrics, or weighted cost of capital, that ~5.6% dividend appears to be quite safe.</p> <p>SRC is currently projected to generate AFFO of $3.55 in 2022. The stock’s forward annual dividend is currently just $2.55, representing a forward AFFO payout ratio of 71.8%.</p> <p>Because SRC is a relatively young company, it doesn’t offer the same sort of dividend growth history that its peers in the net lease space can present. SRC has experienced dividend growth issues in its short history, having cut its dividend several times in its ~10-year history as a public company.</p> <p>But, in 2021 SRC increased the dividend by approximately 2% and because of its relatively low payout ratio we expect to see annual growth moving forward (analysts agree, with consensus estimates pointing towards low single digit dividend growth in 2022, 2023, and 2024).</p> <p><figure><picture> <img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/saupload_ZTitU2MC5qZ6gYc8rc5tsR0--LyPOaX4z9AS1TEnHMabyna0KnQjWuqX9nzWa-qJZlX4PnYnMq8Cwzbin_OCyJZFXBbMQb_rLyGf4MN3onyL_tC7S46YHOhqDMfINgNuj-2S6yYk_thumb1.png\" vspace=\"6\"/> </picture><figcaption><p><span>FAST Graphs </span></p></figcaption></figure></p> <p>As you can see on the F.A.S.T. Graph above, SRC shares have been trended downward for roughly 6 months now. Today, they trade at a 12.4% discount from their 52-week high of $52.29.</p> <p>SRC’s current blended P/AFFO ratio is 13.5x. The company’s forward P/AFFO multiple is just 12.9x. Both of these figures are relatively attractive to the multiples that we’re seeing elsewhere throughout the net lease space.</p> <p>Spirit management highlighted the value that its shares present during its Q4 results and once again, because of the relative underperformance that SRC has generated during the last month or so, today SRC’s relative discount to its peers is even more attractive.</p> <p><figure><picture> <img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/saupload_yCfKyb3_s4DxWwojPFb0JW3d5pzmLkp9p2FWr_gJu_LIxGzUCh-irWK8krD-PumXKTmFSKC8BgetUI9-g-ATc1CLoEzcvHQJc-vZ44svw8Zaxnnhwrpimi3XJy7YnuvqIuiujKqK.png\" vspace=\"6\"/> </picture><figcaption><p><span>Q4-21 SRC Presentation </span></p></figcaption></figure></p> <p>It’s rare for companies to offer such strong growth prospects and trade with a relatively low premium like this.</p> <p>So, what gives?</p> <p>In short, we believe this company is misunderstood.</p> <p>SRC began its life as a public company with a property portfolio that looked somewhat similar to the other net lease stocks with a significant focus on retail, restaurants, convenient stores, and drug stores.</p> <p>This is the blueprint for success that the best of the best triple net lease stocks have taken advantage of in the past. However, in recent years we’ve seen SRC management pivot towards a much more diversified portfolio and ultimately, we believe that the unique nature of this company’s holdings have caused uncertainty (and ultimately, fear) in the market.</p> <p>But, fundamentally speaking, we believe this fear is irrational.</p> <p>It’s true that it’s hard to find relative comps for things like the major country club acquisitions that Spirit has made in recent years. However, coming out of the pandemic period, there is interesting upside potential attached to these leisure/entertainment assets.</p> <p>But, the major acquisition area that SRC has focused on in recent years is the industrial space. As you can see below, the company has allocated a great deal of capital towards the distribution and manufacturing industries, both of which dwarf the country club investments.</p> <p><figure><picture> <img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/saupload_QGsEQhYApUK99Xdvly0kuhgaVsYZIpHurTqE7k9HgXsRDWADnlGfPso3uulPJzvkhULMh-457wHroMvyYalv8KvSysHz__F1e9CAUHV9BtcEfIKNdPkNX2zk5YfivHcPwU51MYEp_thumb1.png\" vspace=\"6\"/> </picture><figcaption><p><span>Q4-21 SRC Presentation </span></p></figcaption></figure></p> <p>We’ve seen others in the net lease space, including Realty Income, allocate capital towards the industrial space because of the strong cash flow multiples that are traditionally placed on the rents collected from these generate.</p> <p>Spirit’s industrial exposure has more than doubled during the last 5 years, rising from 7.9% of ABR in 2017 to 18.6% in Q4 of 2021.</p> <p>Therefore, while it’s true that SRC continues to offer exposure to relatively risky industries (theaters, gyms, hotels, and office assets), we believe that the low overall multiple attached to shares here does not fully appreciate the company’s industrial holdings.</p> <p>Historically, pure plays in the market have been awarded higher multiples than stocks with highly diversified conglomerate structures. This boils down to the unpredictability of more complex holdings; however, there is also something bullish to be said about the ability of a highly diversified portfolio to perform well throughout a wide variety of economic conditions.</p> <p>And, moving forward, we believe that SRC has what it takes to generate reliable bottom-line growth due to the diversified and well balanced nature of its portfolio.</p> <p><figure><picture> <img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/saupload_mJtkmZYudrcY8buBC3giffExyTpRE0-_ehxjd-lwbKXOCePIVodtuSvhprmtmkPS2DNNfTtyBkHpCx4840HAxTx3Bib_3-JHkGNjSf4xf2OGfnQIYO9Vqrp2dHlecQngyFzZDngd_thumb1.png\" vspace=\"6\"/> </picture><figcaption><p><span>Q4-21 SRC Presentation </span></p></figcaption></figure></p> <p>SRC’s focus on diversification has allowed management to acquire buildings with strong rents and reliable tenants. The company’s occupancy ratio was 99.8% at the end of 2021, representing <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the highest results that we see in the entire net lease space.</p> <p>And, while the company offers exposure to a wide variety of properties/tenants, SRC’s portfolio still offers exposure to the long-term leases (the company’s weighted average lease duration is 10.4 years) and the reliable rent escalation (SRC’s Q4FY21 acquisitions came with an average rent escalator of 1.8%) that net lease REITs are known for.</p> <p>Finally, SRC management points out that its portfolio offers near best-in-class performance, with regard to forward same-store sales estimates. Looking at the chart below, we see that SRC trails only WPC, which is another REIT that offers exposure to a very diversified portfolio, showing that flexibility can offer upside in terms of growth.</p> <p><figure><picture> <img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/saupload_5XWSBY1c1lv0wTYYz0PGqsWNr80vN-DePPFdCkpZzlGn1TaJS2aVZ7hLQn_bjcWHJP5Xsq-fvarVX-g_jCB6mXlk3h8rnEMKEvOpQRDXNxAVsAYhSC0RS_0FrfbDOyMFCtE1yabj.png\" vspace=\"6\"/> </picture><figcaption><p><span>Q4-21 SRC Presentation </span></p></figcaption></figure></p> <p>In short, this company’s unique portfolio, relatively low valuation, and solid growth prospects allows investors to have their cake and eat it too, with regard to the diversification, growth, and total return prospects.</p> <p>The combination of the stock’s 5.6% dividend yield, the high single digit AFFO growth that it's expected to produce in 2022, and the potential for multiple expansion up towards its peer average results in immense near-term upside potential.</p> <p>If the stock were to hit 2022 consensus AFFO estimates and trade with a 16.5x multiple, resulting in a share price which is in-line with our $59/share fair value estimate, we’re looking at a ~46% annualized rate of return by the end of this year.</p> <p>Moving forward, if these shares were to hit consensus growth targets and maintain this ~16.5x multiple moving forward, investors accumulating shares today with a sub-13x forward multiple attached to them would be setting themselves up to generate ~20% annualized returns over the next several years.</p> <p><figure><picture> <img hspace=\"6\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/4/8/saupload_3qxsQLZpiKhymc3rajxDDQMDC4M-TGYwUIvTbyEGDwtRBK51IpsWaXe64YLTvYXJ0k9R03g5Noc62h9L5hhs9J3GtzjQ_vj-jgBZFKidPyoUPPMX06SalGeU7nS45r6SBHJth4m9_thumb1.png\" vspace=\"6\"/> </picture><figcaption><p><span>Fast Graphs</span></p></figcaption></figure></p> <p>In terms of total return prospects, it doesn’t get much better than that in the high yield space. Therefore, after its recent sell-off, iREIT gives SRC shares a “Safe Strong Buy” rating, making it one of the most intriguing opportunities that we see in the REIT space today.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spirit Realty: My Oh My, Another Strong Buy</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\">\nSpirit Realty: My Oh My, Another Strong Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-10 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500610-spirit-realty-my-oh-my-another-strong-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RichVintage/E+ via Getty Images This article was co-produced with Nicholas Ward. Since the Fed announced its plans to begin normalizing rates again several weeks ago, we’ve seen a broad market rally ...</p>\n\n<a href=\"https://seekingalpha.com/article/4500610-spirit-realty-my-oh-my-another-strong-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","XLP":"消费品指数ETF-SPDR主要消费品","OEX":"标普100","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index","XLRE":"Real Estate Select Sector SPDR Fund","BMY":"施贵宝","ADC":"艾格里房产","OEF":"标普100指数ETF-iShares","XLU":"公共事业指数ETF-SPDR","ABBV":"艾伯维公司","NNN":"NNN REIT INC","BK4561":"索罗斯持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","SDS":"两倍做空标普500ETF","QQQ":"纳指100ETF","UPRO":"三倍做多标普500ETF","WPC":"W. P. Carey Inc","O":"Realty Income Corp","IVV":"标普500指数ETF","BK4532":"文艺复兴科技持仓","SRC":"Spirit Realty Capital","SH":"标普500反向ETF","BK4160":"多样化房地产投资信托v","SSO":"两倍做多标普500ETF","BK4534":"瑞士信贷持仓","BK4139":"生物科技","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4007":"制药","SPXU":"三倍做空标普500ETF","BK4566":"资本集团","BK4080":"零售业房地产投资信托","BK4559":"巴菲特持仓"},"source_url":"https://seekingalpha.com/article/4500610-spirit-realty-my-oh-my-another-strong-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2226508034","content_text":"RichVintage/E+ via Getty Images This article was co-produced with Nicholas Ward. Since the Fed announced its plans to begin normalizing rates again several weeks ago, we’ve seen a broad market rally occur. The Fed increased rates by 25 basis points, its first increase in 3 years. Furthermore, Fed officials updated their dot plot, which now points towards another 6 increases during 2022 alone. While this may seem drastic, it was less than the 50-basis point increase that many investors feared in the near-term. Overall, it appears that the Fed did a great job of threading the needle with regard to the extent and the pace of its proposed rate increases - as well as the more recently announced plans to reduce the size of its balance sheet - because we’ve seen stocks from a wide variety of industries and sectors move higher since the Fed’s big announcement in mid-March… REITs included. Something that stands out when looking at the bullish momentum in the markets these days is the rally that is happening in the defensive space. We’re looking at healthcare stocks experiencing their time in the sun, with many names that have lagged in recent years making all-time highs (names like AbbVie (ABBV) and Bristol Myers Squibb (BMY) come to mind here). The utility sector has performed extremely well in recent weeks, with the Utilities Select Sector SPDR (XLU) up 8.9% during the last month alone. The consumer staples space has performed well too. The Consumer Staples Select Sector SPDR (XLP) is up 7.43% during the last 30 days. And, of course, we’ve seen the real estate space, known for its relatively high yields, post outperformance as well. The Real Estate Select Sector SPDR (XLRE) is up 7.19% during the last month. All of these areas of the market have outperformed the S&P 500 (SPY) which is up 5.81% during the last 30 days and the Nasdaq 100 (QQQ) which is up 7.02% during the last 30 days. In short, while the broad markets have headed higher, we’re looking at a rally that favors lower risk assets, which has allowed some of our favorite blue-chip REITs to post even larger alpha. In general, when we think about reliable passive income in the REIT space, our minds head towards the net lease space. Why? Well, because the triple net lease business model produces some of the highest margins in the entire market and historically, the leaders in this industry have produced incredibly safe dividends and steady dividend growth. For instance, shares of Realty Income (O) have risen by 9.16% during the past 30 days. O has been a top pick of ours in the net lease space for years (in terms of quality) and up until recently, O’s valuation metrics were quite impressive as well. However, after its recent rally, O shares are trading with a ~1% margin of safety relative to our “Buy Up To” threshold of $72/share. Therefore, while we continue to love the quality that O presents, we’re looking elsewhere for better bargains. We obviously love focusing on blue chip stocks - especially during uncertain times like these, with potential headwinds on the horizon in the form of geopolitical and monetary policy threats to growth) - however, the fact of the matter is, when looking at the highest quality net lease REITs that we track at iREIT, we’re seeing diminished margins of safety. We’re currently looking at single digit margins of safety on other high quality net lease stocks such as Agree Realty (ADC), which currently trades with a 6% margin of safety, and National Retail Properties (NNN), which currently trades with a 7% margin of safety. Furthermore, W. P. Carey (WPC), which is now trading above our fair value estimate of $80/share and therefore, trades with a negative margin of safety. One name that really stands out to us in the current market conditions is Spirit Realty (NYSE:SRC). SRC shares are actually down 1.61% during the last 30 days, pushing the stock’s year-to-date performance down to -4.43%. Spirit doesn’t score as highly as the other net lease stocks that we’ve highlighted thus far, all of which have 90+ iREIT IQ ratings (which is our 1-100 quality metrics scale); however, at 75/100 on the iREIT IQ scale, SRC is certainly not a low-quality name. And, in terms of its iREIT IV rating (our 1-100 scale which focuses on value oriented metrics), SRC currently offers the best score in the entire net lease space, with a 91/100 rating (for comparison’s sake, O, ADC, NNN, and WPC are currently rated 57, 60, 65, and 57, respectively, with the iREIT IV system). What’s most interesting about Spirit right now is the divergence between the direction that the stock’s fundamentals are headed and the direction of the company’s share price. SRC’s share price is down mid-single digits thus far throughout 2022; however, the company is expected to post high single digit AFFO growth this year. And, this comes on the heels of a 12% AFFO growth year in 2021, showing that the fundamental strength which helped the stock post ~20% capital gains last year remains in place. During its Q4 report, SRC management highlighted the relative attractiveness of its shares, highlighting its total return potential in the near-term (looking at AFFO growth estimates + dividend yield). As you can see, in mid-February, SRC offered attractive total return potential… and since then, this stock has gotten even more attractive, on a relatively basis to its peers, due to the fact that SRC shares have stagnated while the majority of its net lease brethren have moved higher.   Q4-21 SRC Presentation  Today, SRC yields 5.58%, meaning that its dividend yield is above the net lease average of 5.2%. SRC’s yield is much higher than the yield offered by the aforementioned blue chips; right now, O yields 4.14%, ADC yields 3.94%, NNN yields 4.66%, and WPC yields 5.18%. And, while it’s true that SRC doesn’t possess the same sort of quality as these names in terms of its portfolio (especially with regard to investment grade tenants), balance sheet metrics, or weighted cost of capital, that ~5.6% dividend appears to be quite safe. SRC is currently projected to generate AFFO of $3.55 in 2022. The stock’s forward annual dividend is currently just $2.55, representing a forward AFFO payout ratio of 71.8%. Because SRC is a relatively young company, it doesn’t offer the same sort of dividend growth history that its peers in the net lease space can present. SRC has experienced dividend growth issues in its short history, having cut its dividend several times in its ~10-year history as a public company. But, in 2021 SRC increased the dividend by approximately 2% and because of its relatively low payout ratio we expect to see annual growth moving forward (analysts agree, with consensus estimates pointing towards low single digit dividend growth in 2022, 2023, and 2024).   FAST Graphs  As you can see on the F.A.S.T. Graph above, SRC shares have been trended downward for roughly 6 months now. Today, they trade at a 12.4% discount from their 52-week high of $52.29. SRC’s current blended P/AFFO ratio is 13.5x. The company’s forward P/AFFO multiple is just 12.9x. Both of these figures are relatively attractive to the multiples that we’re seeing elsewhere throughout the net lease space. Spirit management highlighted the value that its shares present during its Q4 results and once again, because of the relative underperformance that SRC has generated during the last month or so, today SRC’s relative discount to its peers is even more attractive.   Q4-21 SRC Presentation  It’s rare for companies to offer such strong growth prospects and trade with a relatively low premium like this. So, what gives? In short, we believe this company is misunderstood. SRC began its life as a public company with a property portfolio that looked somewhat similar to the other net lease stocks with a significant focus on retail, restaurants, convenient stores, and drug stores. This is the blueprint for success that the best of the best triple net lease stocks have taken advantage of in the past. However, in recent years we’ve seen SRC management pivot towards a much more diversified portfolio and ultimately, we believe that the unique nature of this company’s holdings have caused uncertainty (and ultimately, fear) in the market. But, fundamentally speaking, we believe this fear is irrational. It’s true that it’s hard to find relative comps for things like the major country club acquisitions that Spirit has made in recent years. However, coming out of the pandemic period, there is interesting upside potential attached to these leisure/entertainment assets. But, the major acquisition area that SRC has focused on in recent years is the industrial space. As you can see below, the company has allocated a great deal of capital towards the distribution and manufacturing industries, both of which dwarf the country club investments.   Q4-21 SRC Presentation  We’ve seen others in the net lease space, including Realty Income, allocate capital towards the industrial space because of the strong cash flow multiples that are traditionally placed on the rents collected from these generate. Spirit’s industrial exposure has more than doubled during the last 5 years, rising from 7.9% of ABR in 2017 to 18.6% in Q4 of 2021. Therefore, while it’s true that SRC continues to offer exposure to relatively risky industries (theaters, gyms, hotels, and office assets), we believe that the low overall multiple attached to shares here does not fully appreciate the company’s industrial holdings. Historically, pure plays in the market have been awarded higher multiples than stocks with highly diversified conglomerate structures. This boils down to the unpredictability of more complex holdings; however, there is also something bullish to be said about the ability of a highly diversified portfolio to perform well throughout a wide variety of economic conditions. And, moving forward, we believe that SRC has what it takes to generate reliable bottom-line growth due to the diversified and well balanced nature of its portfolio.   Q4-21 SRC Presentation  SRC’s focus on diversification has allowed management to acquire buildings with strong rents and reliable tenants. The company’s occupancy ratio was 99.8% at the end of 2021, representing one of the highest results that we see in the entire net lease space. And, while the company offers exposure to a wide variety of properties/tenants, SRC’s portfolio still offers exposure to the long-term leases (the company’s weighted average lease duration is 10.4 years) and the reliable rent escalation (SRC’s Q4FY21 acquisitions came with an average rent escalator of 1.8%) that net lease REITs are known for. Finally, SRC management points out that its portfolio offers near best-in-class performance, with regard to forward same-store sales estimates. Looking at the chart below, we see that SRC trails only WPC, which is another REIT that offers exposure to a very diversified portfolio, showing that flexibility can offer upside in terms of growth.   Q4-21 SRC Presentation  In short, this company’s unique portfolio, relatively low valuation, and solid growth prospects allows investors to have their cake and eat it too, with regard to the diversification, growth, and total return prospects. The combination of the stock’s 5.6% dividend yield, the high single digit AFFO growth that it's expected to produce in 2022, and the potential for multiple expansion up towards its peer average results in immense near-term upside potential. If the stock were to hit 2022 consensus AFFO estimates and trade with a 16.5x multiple, resulting in a share price which is in-line with our $59/share fair value estimate, we’re looking at a ~46% annualized rate of return by the end of this year. Moving forward, if these shares were to hit consensus growth targets and maintain this ~16.5x multiple moving forward, investors accumulating shares today with a sub-13x forward multiple attached to them would be setting themselves up to generate ~20% annualized returns over the next several years.   Fast Graphs In terms of total return prospects, it doesn’t get much better than that in the high yield space. Therefore, after its recent sell-off, iREIT gives SRC shares a “Safe Strong Buy” rating, making it one of the most intriguing opportunities that we see in the REIT space today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9014956967,"gmtCreate":1649592294038,"gmtModify":1676534535145,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9014956967","repostId":"2226508034","repostType":2,"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9012595060,"gmtCreate":1649346979860,"gmtModify":1676534496207,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012595060","repostId":"2225511181","repostType":2,"repost":{"id":"2225511181","pubTimestamp":1649348761,"share":"https://ttm.financial/m/news/2225511181?lang=&edition=fundamental","pubTime":"2022-04-08 00:26","market":"us","language":"en","title":"Iran to collect $7b in sign that nuclear deal could be moving forward","url":"https://stock-news.laohu8.com/highlight/detail?id=2225511181","media":"seekingalpha","summary":"liorpt/iStock via Getty Images   It's been reported that Iran is set to receive $7b in funds that we","content":"<html><body><p><figure> <picture> <img height=\"1536px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489871004/image_489871004.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>liorpt/iStock via Getty Images</p></figcaption> </figure></p> <ul> <li>It's been reported that Iran is set to receive $7b in funds that were previously frozen by<span> US sanctions; the report from Bloomberg cites Iran's state-run news agency.</span> </li> <li>Iran negotiations made quick progress following the war in Ukraine, as the US made special allowances for Iran to continue working with Russia on the country's nuclear program.</li> <li>However in recent weeks, updates have suggested that negotiations have stalled, leading some to believe that Iranian oil (USO) could be held off the market beyond this summer.</li> <li>Despite the news Thursday from Iran's state-run news, Secretary of State Blinken said Wednesday, \"I'm not overly optimistic at the prospects of actually getting an agreement to conclusion.\"</li> <li>Most analysts continue to believe that Iranian production adds ~1mb/d to global supplies by mid 2022 (XLE), and today's report from Iran indicates sanctions relief is possible; however, the market is likely to look to Washington for official comments on progress, following apparent mixed messaging.</li> </ul></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Iran to collect $7b in sign that nuclear deal could be moving forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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; 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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\">\nIran to collect $7b in sign that nuclear deal could be moving forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-08 00:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3821744-iran-to-collect-7b-in-sign-that-nuclear-deal-could-be-moving-forward><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>liorpt/iStock via Getty Images   It's been reported that Iran is set to receive $7b in funds that were previously frozen by US sanctions; the report from Bloomberg cites Iran's state-run news agency. ...</p>\n\n<a href=\"https://seekingalpha.com/news/3821744-iran-to-collect-7b-in-sign-that-nuclear-deal-could-be-moving-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","XLE":"SPDR能源指数ETF","BK4570":"地缘局势概念股","USO":"美国原油ETF","UCO":"二倍做多彭博原油ETF"},"source_url":"https://seekingalpha.com/news/3821744-iran-to-collect-7b-in-sign-that-nuclear-deal-could-be-moving-forward","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2225511181","content_text":"liorpt/iStock via Getty Images   It's been reported that Iran is set to receive $7b in funds that were previously frozen by US sanctions; the report from Bloomberg cites Iran's state-run news agency.  Iran negotiations made quick progress following the war in Ukraine, as the US made special allowances for Iran to continue working with Russia on the country's nuclear program. However in recent weeks, updates have suggested that negotiations have stalled, leading some to believe that Iranian oil (USO) could be held off the market beyond this summer. Despite the news Thursday from Iran's state-run news, Secretary of State Blinken said Wednesday, \"I'm not overly optimistic at the prospects of actually getting an agreement to conclusion.\" Most analysts continue to believe that Iranian production adds ~1mb/d to global supplies by mid 2022 (XLE), and today's report from Iran indicates sanctions relief is possible; however, the market is likely to look to Washington for official comments on progress, following apparent mixed messaging.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":197915623,"gmtCreate":1621418904362,"gmtModify":1704357305781,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Comment please","listText":"Comment please","text":"Comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/197915623","repostId":"1158638540","repostType":4,"repost":{"id":"1158638540","pubTimestamp":1621409180,"share":"https://ttm.financial/m/news/1158638540?lang=&edition=fundamental","pubTime":"2021-05-19 15:26","market":"us","language":"en","title":"4 Things to Know Ahead of the Squarespace’s Direct Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1158638540","media":"Barrons","summary":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme","content":"<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.</p>\n<p>Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.</p>\n<p>The company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.</p>\n<p>Squarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in&nbsp;its filing with the Securities and Exchange Commission.</p>\n<p>The company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.</p>\n<p><b>Growing Revenue, Shrinking Profits</b></p>\n<p>Squarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.</p>\n<p>The company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.</p>\n<p>About 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.</p>\n<p>Squarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.</p>\n<p>Despite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.</p>\n<p><b>Competition Aplenty</b></p>\n<p>The company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like&nbsp;Wix.com&nbsp;(ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse&nbsp;Shopify&nbsp;(ticker: SHOP),&nbsp;which lets businesses set up online shops.</p>\n<p>Squarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.</p>\n<p>Jefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.</p>\n<p><b>On the Menu</b></p>\n<p>SquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.</p>\n<p>This part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.</p>\n<p>“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash&nbsp;(DASH) and&nbsp;Grubhub&nbsp;(GRUB),&nbsp;along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.</p>\n<p>At the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.</p>\n<p><b>Marketing Bucks</b></p>\n<p>Squarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.</p>\n<p>The company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”</p>\n<p>Among its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.</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>4 Things to Know Ahead of the Squarespace’s Direct Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Things to Know Ahead of the Squarespace’s Direct Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue ...</p>\n\n<a href=\"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQSP":"Squarespace Inc."},"source_url":"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158638540","content_text":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.\nNow Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.\nThe company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.\nSquarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in its filing with the Securities and Exchange Commission.\nThe company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.\nGrowing Revenue, Shrinking Profits\nSquarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.\nThe company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.\nAbout 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.\nSquarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.\nDespite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.\nCompetition Aplenty\nThe company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like Wix.com (ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse Shopify (ticker: SHOP), which lets businesses set up online shops.\nSquarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.\nJefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.\nOn the Menu\nSquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.\nThis part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.\n“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash (DASH) and Grubhub (GRUB), along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.\nAt the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.\nMarketing Bucks\nSquarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.\nThe company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”\nAmong its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131537836,"gmtCreate":1621866780125,"gmtModify":1704363581672,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Follow","listText":"Follow","text":"Follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/131537836","repostId":"2137153490","repostType":4,"repost":{"id":"2137153490","pubTimestamp":1621866303,"share":"https://ttm.financial/m/news/2137153490?lang=&edition=fundamental","pubTime":"2021-05-24 22:25","market":"us","language":"en","title":"Norwegian Cruise Line Sets August U.S. Return, Joining Rivals","url":"https://stock-news.laohu8.com/highlight/detail?id=2137153490","media":"Bloomberg","summary":"(Bloomberg) -- Norwegian Cruise Line Holdings Ltd. plans to offer Alaska cruises starting in early A","content":"<p>(Bloomberg) -- Norwegian Cruise Line Holdings Ltd. plans to offer Alaska cruises starting in early August, joining several Carnival Corp. and Royal Caribbean Cruises Ltd. ships in plotting returns to the sea after more than a year without U.S. operations due to the Covid-19 pandemic.</p><p>Norwegian Bliss will offer Alaska cruises for fully vaccinated passengers and crew starting on Aug. 7 from Seattle, Norwegian said in a statement Monday.</p><p>“We are thrilled to reach the next milestone in our Great Cruise Comeback with the expected resumption of cruising in the U.S. starting in Alaska, <a href=\"https://laohu8.com/S/AONE\">one</a> of our guests’ most popular destinations,” Chief Executive Officer Frank Del Rio said in the statement.</p><p>With memories still fresh of the deadly outbreaks on cruise ships at the start of the pandemic, the cruise industry has faced numerous obstacles to starting up again. When Canada banned cruising through 2022, it was seen as a major impediment to the popular summer cruises to Alaska. Alaska cruises traditionally stop in Canada, because U.S. maritime law bars foreign-flagged ships from transporting passengers directly between two U.S. ports. But Congress last week approved a waiver on the rule, paving the way for Norwegian’s announcement.</p><p>The Centers for Disease Control and Prevention says cruise ships can only return if they follow <a href=\"https://laohu8.com/S/AONE.U\">one</a> of two paths. They can either confirm 95% of passengers and 98% of crew are vaccinated, or they can go through a rigorous approval process with no-revenue trial sailings for each ship. Norwegian is pursuing the former path, and said it expects to obtain a so-called conditional sailing certificate from the CDC “in the coming days.”</p><p>But it’s also noteworthy that the initial restart will be far from Florida, home of Norwegian’s corporate headquarters and the world’s largest cruise port, PortMiami. Norwegian is making vaccinations mandatory on all its initial voyages, and Florida’s Republican governor, Ron DeSantis, said so-called vaccine passports are illegal under state rules he pushed for.</p><p>Carnival’s Princess Cruises, Holland America Line and Carnival Cruise Line brands are also restarting with Alaska sailings from Seattle, as are Royal Caribbean ships Serenade and Ovation of the Seas.</p><p>Norwegian shares were up 2.7% to $29.47 at 9:58 a.m. in New York, while Royal Caribbean added 1.9% to $84.42. Carnival rose 1.3% to $27.52.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Norwegian Cruise Line Sets August U.S. Return, Joining Rivals</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\">\nNorwegian Cruise Line Sets August U.S. Return, Joining Rivals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/norwegian-cruise-line-sets-august-135903397.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Norwegian Cruise Line Holdings Ltd. plans to offer Alaska cruises starting in early August, joining several Carnival Corp. and Royal Caribbean Cruises Ltd. ships in plotting returns to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/norwegian-cruise-line-sets-august-135903397.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RCL":"皇家加勒比邮轮","CUK":"嘉年华存托凭证","NCLH":"挪威邮轮","CCL":"嘉年华邮轮"},"source_url":"https://finance.yahoo.com/news/norwegian-cruise-line-sets-august-135903397.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2137153490","content_text":"(Bloomberg) -- Norwegian Cruise Line Holdings Ltd. plans to offer Alaska cruises starting in early August, joining several Carnival Corp. and Royal Caribbean Cruises Ltd. ships in plotting returns to the sea after more than a year without U.S. operations due to the Covid-19 pandemic.Norwegian Bliss will offer Alaska cruises for fully vaccinated passengers and crew starting on Aug. 7 from Seattle, Norwegian said in a statement Monday.“We are thrilled to reach the next milestone in our Great Cruise Comeback with the expected resumption of cruising in the U.S. starting in Alaska, one of our guests’ most popular destinations,” Chief Executive Officer Frank Del Rio said in the statement.With memories still fresh of the deadly outbreaks on cruise ships at the start of the pandemic, the cruise industry has faced numerous obstacles to starting up again. When Canada banned cruising through 2022, it was seen as a major impediment to the popular summer cruises to Alaska. Alaska cruises traditionally stop in Canada, because U.S. maritime law bars foreign-flagged ships from transporting passengers directly between two U.S. ports. But Congress last week approved a waiver on the rule, paving the way for Norwegian’s announcement.The Centers for Disease Control and Prevention says cruise ships can only return if they follow one of two paths. They can either confirm 95% of passengers and 98% of crew are vaccinated, or they can go through a rigorous approval process with no-revenue trial sailings for each ship. Norwegian is pursuing the former path, and said it expects to obtain a so-called conditional sailing certificate from the CDC “in the coming days.”But it’s also noteworthy that the initial restart will be far from Florida, home of Norwegian’s corporate headquarters and the world’s largest cruise port, PortMiami. Norwegian is making vaccinations mandatory on all its initial voyages, and Florida’s Republican governor, Ron DeSantis, said so-called vaccine passports are illegal under state rules he pushed for.Carnival’s Princess Cruises, Holland America Line and Carnival Cruise Line brands are also restarting with Alaska sailings from Seattle, as are Royal Caribbean ships Serenade and Ovation of the Seas.Norwegian shares were up 2.7% to $29.47 at 9:58 a.m. in New York, while Royal Caribbean added 1.9% to $84.42. Carnival rose 1.3% to $27.52.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004311812,"gmtCreate":1642505437441,"gmtModify":1676533716443,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004311812","repostId":"1111837573","repostType":2,"repost":{"id":"1111837573","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1642505015,"share":"https://ttm.financial/m/news/1111837573?lang=&edition=fundamental","pubTime":"2022-01-18 19:23","market":"us","language":"en","title":"Ericsson sues Apple again over 5G patent licensing","url":"https://stock-news.laohu8.com/highlight/detail?id=1111837573","media":"Reuters","summary":"STOCKHOLM, Jan 18 (Reuters) - Sweden's Ericsson has filed another set of patent infringement lawsuit","content":"<html><head></head><body><p>STOCKHOLM, Jan 18 (Reuters) - Sweden&#39;s Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhones.</p><p>Both companies have already sued each other in the United States as negotiations failed over the renewal of a seven-year licensing contract for telecom patents first struck in 2015.</p><p>Ericsson sued first in October claiming that Apple was trying to improperly cut down the royalty rates while the iPhone maker filed a lawsuit in December accusing the Swedish company of using &#34;strong-arm tactics&#34; to renew patents.</p><p>&#34;Since the prior agreement has expired, and we have been unable to reach agreement on the terms and scope of a new license, Apple is now using our technology without a license,&#34; an Ericsson spokesman said.</p><p>Apple did not immediately respond to a request for a comment.</p><p>Patent lawsuits are quite common among technology companies as every dollar saved could amount to significant amounts over the duration of the agreement as companies such as Ericsson charges between $2.5 to $5 for every 5G handset.</p><p>The Swedish company invests about $5 billion every year in research, has a portfolio of more than 57,000 patents, and royalties from its patent portfolio account for roughly a third of its operating profit.</p><p>Last year Ericsson settled patent lawsuits with Samsung after several months of court battles that temporarily hit its quarterly earnings. Pending dues are usually cleared after a settlement is reached.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ericsson sues Apple again over 5G patent licensing</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\">\nEricsson sues Apple again over 5G patent licensing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-18 19:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>STOCKHOLM, Jan 18 (Reuters) - Sweden&#39;s Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhones.</p><p>Both companies have already sued each other in the United States as negotiations failed over the renewal of a seven-year licensing contract for telecom patents first struck in 2015.</p><p>Ericsson sued first in October claiming that Apple was trying to improperly cut down the royalty rates while the iPhone maker filed a lawsuit in December accusing the Swedish company of using &#34;strong-arm tactics&#34; to renew patents.</p><p>&#34;Since the prior agreement has expired, and we have been unable to reach agreement on the terms and scope of a new license, Apple is now using our technology without a license,&#34; an Ericsson spokesman said.</p><p>Apple did not immediately respond to a request for a comment.</p><p>Patent lawsuits are quite common among technology companies as every dollar saved could amount to significant amounts over the duration of the agreement as companies such as Ericsson charges between $2.5 to $5 for every 5G handset.</p><p>The Swedish company invests about $5 billion every year in research, has a portfolio of more than 57,000 patents, and royalties from its patent portfolio account for roughly a third of its operating profit.</p><p>Last year Ericsson settled patent lawsuits with Samsung after several months of court battles that temporarily hit its quarterly earnings. Pending dues are usually cleared after a settlement is reached.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ERIC":"爱立信","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111837573","content_text":"STOCKHOLM, Jan 18 (Reuters) - Sweden's Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhones.Both companies have already sued each other in the United States as negotiations failed over the renewal of a seven-year licensing contract for telecom patents first struck in 2015.Ericsson sued first in October claiming that Apple was trying to improperly cut down the royalty rates while the iPhone maker filed a lawsuit in December accusing the Swedish company of using \"strong-arm tactics\" to renew patents.\"Since the prior agreement has expired, and we have been unable to reach agreement on the terms and scope of a new license, Apple is now using our technology without a license,\" an Ericsson spokesman said.Apple did not immediately respond to a request for a comment.Patent lawsuits are quite common among technology companies as every dollar saved could amount to significant amounts over the duration of the agreement as companies such as Ericsson charges between $2.5 to $5 for every 5G handset.The Swedish company invests about $5 billion every year in research, has a portfolio of more than 57,000 patents, and royalties from its patent portfolio account for roughly a third of its operating profit.Last year Ericsson settled patent lawsuits with Samsung after several months of court battles that temporarily hit its quarterly earnings. Pending dues are usually cleared after a settlement is reached.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131038790,"gmtCreate":1621815851410,"gmtModify":1704362614476,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/131038790","repostId":"2137827351","repostType":4,"repost":{"id":"2137827351","pubTimestamp":1621788339,"share":"https://ttm.financial/m/news/2137827351?lang=&edition=fundamental","pubTime":"2021-05-24 00:45","market":"us","language":"en","title":"Inflation data, consumer confidence: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2137827351","media":"Yahoo Finance","summary":"Investors this week are poised to receive a number of key economic data reports offering the latest ","content":"<p>Investors this week are poised to receive a number of key economic data reports offering the latest look at the state of inflation in the U.S., with investors and consumers alike jittery at the prospects of rising prices during the post-pandemic recovery.</p><p>The U.S. Bureau of Economic Analysis will release its April personal consumption expenditures (PCE) index on Friday. The print is expected to show a rise of 3.5% in April over last year for the biggest increase since 2008, according to Bloomberg consensus data. This would also accelerate after a year-on-year jump of 2.3% in March. On a month-over-month basis, the PCE likely increased by 0.6%, accelerating after a 0.5% increase during the prior month.</p><p>Stripping away volatile food and energy prices, the so-called core PCE is expected to have increased by 2.9% in April over last year, which would be the largest jump in more than two decades.</p><p>Though the core PCE serves as the Federal Reserve's preferred inflation gauge, the expected surge in this week's inflation reports are unlikely to provoke immediate concern for the central bank. Federal Reserve Chair Jerome Powell has said repeatedly he believes inflationary pressures this year will be \"transitory,\" largely reflecting base effects as this year's data lap last year's pandemic-depressed levels. And for years previously, inflation ran well below the central bank's targeted levels.</p><p>In the words of the central bank's latest monetary policy statement, Federal Open Market Committee members wrote, \"With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over time and longer‑term inflation expectations remain well anchored at 2%.\" In other words, the Fed has suggested monetary policy would remain as is — with interest rates near zero and the Fed's asset purchases taking place at a rate of $120 billion per month — as the economic recovery out of the pandemic progresses.</p><p>Still, the market has suggested it might need more convincing before agreeing that the jump in inflation will not be long-lasting or prompt a change in the Fed's current ultra-accommodative monetary policy positioning. Longer-duration assets like growth and technology stocks have especially come under pressure in recent months amid inflationary concerns, given prospects that higher rates might undercut future earnings potential. The information technology sector has sharply underperformed the broader S&amp;P 500 so far this year, reversing course after outperforming strongly in 2020.</p><p><img src=\"https://s.yimg.com/os/creatr-uploaded-images/2021-05/0dd5d170-bb4b-11eb-aaed-1d008e6a3a00\" tg-width=\"4660\" tg-height=\"3062\" referrerpolicy=\"no-referrer\">SAN FRANCISCO, CALIFORNIA - APRIL 15: A pedestrian carries a shopping bag as he walks through the Union Square shopping district on April 15, 2021 in San Francisco, California. According to a report by the U.S. Commerce Department, retail sales surged 9.8 percent in March as Americans started to spend $1,400 government stimulus checks. (Photo by Justin Sullivan/Getty Images)Justin Sullivan via Getty Images</p><p>\"Markets have basically made inflation the battleground issue for determining whether or not it's really this rotation trade that'll win out the rest of this year, or whether it's the tech and growth stocks that won out last year,\" James Liu, Clearnomics founder and CEO, told Yahoo Finance last week. \"You've seen this bounce back and forth throughout the course of this year.\"</p><p>Heading into this week's PCE report, a number of other inflation prints have also exceeded expectations, pointing to an increase in both consumer and producer prices. Government data showed that headline consumer prices surged by a faster than expected 4.2% last month. Excluding food and energy, prices jumped 0.9% in April and were up 3.0% over the year. And producer prices also came in higher than expected, with core producer prices rising 4.1% in April over last year versus the 3.8% increase expected. These stronger-than-expected increases could portend some upside risk to this week's PCE print, some economists suggested.</p><p>\"The April CPI data were stronger than our expectation, suggesting a more front-loaded impact from transitory factors, pressure from semiconductor shortages and the resurgence of demand for sectors affected by the pandemic,\" Nomura Chief Economist Lewis Alexander wrote in a note Friday. \"Given that the core PCE price index is a chain-weighted index, an expected rise in spending for COVID-sensitive services could amplify the magnitude of corresponding prices.\"</p><h3>Consumer confidence</h3><p>Updated readings on sentiment among consumers are also due for release this week.</p><p>On Main Street, consumers have also observed rising prices. Inflation concerns have weighed on sentiment even as COVID-19 cases drop and more businesses reopen following widespread vaccinations.</p><p>\"Consumers have taken notice of rising inflation, as evidenced by Google Trends and the University of Michigan survey,\" Bank of America economist Michelle Meyer wrote in a note, referring to the University of Michigan's Surveys of Consumers. \"The expectation is increasingly for higher inflation, even if dominated by transitory stories, and we believe there is risk for further upside in the near term. But, over the medium term, we expect expectations to cool alongside the core inflation trajectory, albeit to a higher trend.\"</p><p>In the University of Michigan's preliminary May consumer sentiment survey, the headline index tumbled to 82.8 from 88.3 in April, \"due to higher inflation—the highest expected year-ahead inflation rate as well as the highest long term inflation rate in the past decade,\" Richard Curtin, chief economist for the University of Michigan's Surveys of Consumers, wrote in a note at the time. However, he added that \"consumer spending will still advance despite higher prices due to pent-up demand and record saving balances.\"</p><p>The University of Michigan's final May sentiment print due for release on Friday is expected to firm slightly to 83.0.</p><p>Other sentiment surveys will likely show similar dips for May, due in part to rising price pressures. The Conference Board's closely watched Consumer Confidence Index will be released on Tuesday, and is expected to dip to 118.9 in May from 121.7 in April. That had, in turn, been the highest reading since February 2020, or before COVID-19 cases began to surge in the U.S. last year.</p><h3>Earnings calendar</h3><ul><li><p><b>Monday: </b><a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors Corp.</a> (RIDE) after market close</p></li><li><p><b>Tuesday: </b>AutoZone (AZO) before market open; Intuit (INTU), Nordstrom (JWN), Zscaler (ZS), Agilent Technologies (A) after market close</p></li><li><p><b>Wednesday: </b>Dick's Sporting Goods (DKS), Abercrombie &amp; Fitch (ANF) before market open; American Eagle Outfitters (AEO), Nvidia (NVDA), Okta (OKTA), <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> (SNOW), <a href=\"https://laohu8.com/S/WDAY\">Workday</a> (WDAY), Williams-Sonoma (WSM) after market close</p></li><li><p><b>Thursday: </b>Best Buy (BBY), Dollar General (DG) before market open; Costco (COST), The Gap (GPS), VMWare (VMW), Box (BOX), Autodesk (ADSK), HP Inc (HPQ), <a href=\"https://laohu8.com/S/CRM\">Salesforce</a>.com Inc. (CRM), Dell (DELL), Ulta Beauty (ULTA) after market close</p></li><li><p><b>Friday: </b>N/A</p><p style=\"text-align:left;\"><img src=\"https://static.tigerbbs.com/ea494c0a9625f3a17a1306a1f1525dab\" tg-width=\"1472\" tg-height=\"594\" referrerpolicy=\"no-referrer\"></p></li></ul><h3>Economic calendar</h3><ul><li><p><b>Monday: </b>Chicago Fed National Activity Index, April (1.1 expected, 1.7 in March)</p></li><li><p><b>Tuesday: </b>FHFA House Price Index, month-over-month, March (1.3% expected, 0.9% in February); S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller 20-City Composite Index, month-over-month, March (1.33% expected, 1.17% in February); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, year-over-year, March (12.55% expected, 11.94% in February); New home sales, April (950,000 expected, 1.021 million in March); Conference Board Consumer Confidence, May (118.9 expected, 121.7 in April); Richmond Fed. Manufacturing Index, May (18 expected, 17 in April)</p></li><li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended May 21 (1.2% during prior week)</p></li><li><p><b>Thursday: </b>Durable goods orders, April preliminary (0.8% expected, 0.8% in March); Durable goods orders excluding transportation, April preliminary (0.7% expected, 1.9% in March); Non-defense capital goods orders excluding aircraft, April preliminary (1.0% expected, 1.2% in March); GDP annualized quarter-over-quarter, Q1 second print (6.5% expected, 6.4% in first print); Personal consumption, Q1 second print (10.9% expected, 10.7% in first print); Core personal consumptions expenditures, quarter-over-quarter, Q1 second print (2.3% expected, 2.3% in prior print); Initial jobless claims, week ended May 22 (425,000 expected, 444,000 during prior week); Continuing claims, week ended May 15 (3.751 million during prior week); Pending home sales, month-over-month, April (0.5% expected, 1.9% in March); Kansas City Fed Manufacturing Activity Index, May (29 expected, 31 in April)</p></li><li><p><b>Friday: </b>Wholesale inventories, month-over-month, April preliminary (1.1% expected, 1.3% in March); Personal income, April (-14.8% expected, 21.5% in March); Personal spending, April (0.5% expected, 4.2% in March); PCE Deflator, year-over-year, April (3.5% expected, 2.3% in March); PCE Deflator, month-over-month, April (0.6% expected, 0.5% in March); MNI Chicago PMI, May (69.0 expected, 72.1 in April); University of Michigan Sentiment, May final (83.0 expected, 82.8 in prior print)</p></li></ul>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inflation data, consumer confidence: What to know this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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\">\nInflation data, consumer confidence: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 00:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/inflation-data-consumer-confidence-what-to-know-this-week-164539544.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors this week are poised to receive a number of key economic data reports offering the latest look at the state of inflation in the U.S., with investors and consumers alike jittery at the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/inflation-data-consumer-confidence-what-to-know-this-week-164539544.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/inflation-data-consumer-confidence-what-to-know-this-week-164539544.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2137827351","content_text":"Investors this week are poised to receive a number of key economic data reports offering the latest look at the state of inflation in the U.S., with investors and consumers alike jittery at the prospects of rising prices during the post-pandemic recovery.The U.S. Bureau of Economic Analysis will release its April personal consumption expenditures (PCE) index on Friday. The print is expected to show a rise of 3.5% in April over last year for the biggest increase since 2008, according to Bloomberg consensus data. This would also accelerate after a year-on-year jump of 2.3% in March. On a month-over-month basis, the PCE likely increased by 0.6%, accelerating after a 0.5% increase during the prior month.Stripping away volatile food and energy prices, the so-called core PCE is expected to have increased by 2.9% in April over last year, which would be the largest jump in more than two decades.Though the core PCE serves as the Federal Reserve's preferred inflation gauge, the expected surge in this week's inflation reports are unlikely to provoke immediate concern for the central bank. Federal Reserve Chair Jerome Powell has said repeatedly he believes inflationary pressures this year will be \"transitory,\" largely reflecting base effects as this year's data lap last year's pandemic-depressed levels. And for years previously, inflation ran well below the central bank's targeted levels.In the words of the central bank's latest monetary policy statement, Federal Open Market Committee members wrote, \"With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over time and longer‑term inflation expectations remain well anchored at 2%.\" In other words, the Fed has suggested monetary policy would remain as is — with interest rates near zero and the Fed's asset purchases taking place at a rate of $120 billion per month — as the economic recovery out of the pandemic progresses.Still, the market has suggested it might need more convincing before agreeing that the jump in inflation will not be long-lasting or prompt a change in the Fed's current ultra-accommodative monetary policy positioning. Longer-duration assets like growth and technology stocks have especially come under pressure in recent months amid inflationary concerns, given prospects that higher rates might undercut future earnings potential. The information technology sector has sharply underperformed the broader S&P 500 so far this year, reversing course after outperforming strongly in 2020.SAN FRANCISCO, CALIFORNIA - APRIL 15: A pedestrian carries a shopping bag as he walks through the Union Square shopping district on April 15, 2021 in San Francisco, California. According to a report by the U.S. Commerce Department, retail sales surged 9.8 percent in March as Americans started to spend $1,400 government stimulus checks. (Photo by Justin Sullivan/Getty Images)Justin Sullivan via Getty Images\"Markets have basically made inflation the battleground issue for determining whether or not it's really this rotation trade that'll win out the rest of this year, or whether it's the tech and growth stocks that won out last year,\" James Liu, Clearnomics founder and CEO, told Yahoo Finance last week. \"You've seen this bounce back and forth throughout the course of this year.\"Heading into this week's PCE report, a number of other inflation prints have also exceeded expectations, pointing to an increase in both consumer and producer prices. Government data showed that headline consumer prices surged by a faster than expected 4.2% last month. Excluding food and energy, prices jumped 0.9% in April and were up 3.0% over the year. And producer prices also came in higher than expected, with core producer prices rising 4.1% in April over last year versus the 3.8% increase expected. These stronger-than-expected increases could portend some upside risk to this week's PCE print, some economists suggested.\"The April CPI data were stronger than our expectation, suggesting a more front-loaded impact from transitory factors, pressure from semiconductor shortages and the resurgence of demand for sectors affected by the pandemic,\" Nomura Chief Economist Lewis Alexander wrote in a note Friday. \"Given that the core PCE price index is a chain-weighted index, an expected rise in spending for COVID-sensitive services could amplify the magnitude of corresponding prices.\"Consumer confidenceUpdated readings on sentiment among consumers are also due for release this week.On Main Street, consumers have also observed rising prices. Inflation concerns have weighed on sentiment even as COVID-19 cases drop and more businesses reopen following widespread vaccinations.\"Consumers have taken notice of rising inflation, as evidenced by Google Trends and the University of Michigan survey,\" Bank of America economist Michelle Meyer wrote in a note, referring to the University of Michigan's Surveys of Consumers. \"The expectation is increasingly for higher inflation, even if dominated by transitory stories, and we believe there is risk for further upside in the near term. But, over the medium term, we expect expectations to cool alongside the core inflation trajectory, albeit to a higher trend.\"In the University of Michigan's preliminary May consumer sentiment survey, the headline index tumbled to 82.8 from 88.3 in April, \"due to higher inflation—the highest expected year-ahead inflation rate as well as the highest long term inflation rate in the past decade,\" Richard Curtin, chief economist for the University of Michigan's Surveys of Consumers, wrote in a note at the time. However, he added that \"consumer spending will still advance despite higher prices due to pent-up demand and record saving balances.\"The University of Michigan's final May sentiment print due for release on Friday is expected to firm slightly to 83.0.Other sentiment surveys will likely show similar dips for May, due in part to rising price pressures. The Conference Board's closely watched Consumer Confidence Index will be released on Tuesday, and is expected to dip to 118.9 in May from 121.7 in April. That had, in turn, been the highest reading since February 2020, or before COVID-19 cases began to surge in the U.S. last year.Earnings calendarMonday: Lordstown Motors Corp. (RIDE) after market closeTuesday: AutoZone (AZO) before market open; Intuit (INTU), Nordstrom (JWN), Zscaler (ZS), Agilent Technologies (A) after market closeWednesday: Dick's Sporting Goods (DKS), Abercrombie & Fitch (ANF) before market open; American Eagle Outfitters (AEO), Nvidia (NVDA), Okta (OKTA), Snowflake (SNOW), Workday (WDAY), Williams-Sonoma (WSM) after market closeThursday: Best Buy (BBY), Dollar General (DG) before market open; Costco (COST), The Gap (GPS), VMWare (VMW), Box (BOX), Autodesk (ADSK), HP Inc (HPQ), Salesforce.com Inc. (CRM), Dell (DELL), Ulta Beauty (ULTA) after market closeFriday: N/AEconomic calendarMonday: Chicago Fed National Activity Index, April (1.1 expected, 1.7 in March)Tuesday: FHFA House Price Index, month-over-month, March (1.3% expected, 0.9% in February); S&P CoreLogic Case-Shiller 20-City Composite Index, month-over-month, March (1.33% expected, 1.17% in February); S&P CoreLogic Case-Shiller 20-City Composite Index, year-over-year, March (12.55% expected, 11.94% in February); New home sales, April (950,000 expected, 1.021 million in March); Conference Board Consumer Confidence, May (118.9 expected, 121.7 in April); Richmond Fed. Manufacturing Index, May (18 expected, 17 in April)Wednesday: MBA Mortgage Applications, week ended May 21 (1.2% during prior week)Thursday: Durable goods orders, April preliminary (0.8% expected, 0.8% in March); Durable goods orders excluding transportation, April preliminary (0.7% expected, 1.9% in March); Non-defense capital goods orders excluding aircraft, April preliminary (1.0% expected, 1.2% in March); GDP annualized quarter-over-quarter, Q1 second print (6.5% expected, 6.4% in first print); Personal consumption, Q1 second print (10.9% expected, 10.7% in first print); Core personal consumptions expenditures, quarter-over-quarter, Q1 second print (2.3% expected, 2.3% in prior print); Initial jobless claims, week ended May 22 (425,000 expected, 444,000 during prior week); Continuing claims, week ended May 15 (3.751 million during prior week); Pending home sales, month-over-month, April (0.5% expected, 1.9% in March); Kansas City Fed Manufacturing Activity Index, May (29 expected, 31 in April)Friday: Wholesale inventories, month-over-month, April preliminary (1.1% expected, 1.3% in March); Personal income, April (-14.8% expected, 21.5% in March); Personal spending, April (0.5% expected, 4.2% in March); PCE Deflator, year-over-year, April (3.5% expected, 2.3% in March); PCE Deflator, month-over-month, April (0.6% expected, 0.5% in March); MNI Chicago PMI, May (69.0 expected, 72.1 in April); University of Michigan Sentiment, May final (83.0 expected, 82.8 in prior print)","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186759158,"gmtCreate":1623543917574,"gmtModify":1704205632167,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/186759158","repostId":"2142204074","repostType":4,"repost":{"id":"2142204074","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623441637,"share":"https://ttm.financial/m/news/2142204074?lang=&edition=fundamental","pubTime":"2021-06-12 04:00","market":"us","language":"en","title":"S&P ekes out gains to close languid week","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204074","media":"Reuters","summary":"NEW YORK, June 11  - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th","content":"<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</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 ekes out gains to close languid week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P ekes out gains to close languid week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".IXIC":"NASDAQ Composite","PSQ":"纳指反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","SDS":"两倍做空标普500ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","QQQ":"纳指100ETF",".DJI":"道琼斯","IVV":"标普500指数ETF","DXD":"道指两倍做空ETF","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","QID":"纳指两倍做空ETF","DDM":"道指两倍做多ETF","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","DOG":"道指反向ETF","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","SDOW":"道指三倍做空ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204074","content_text":"NEW YORK, June 11 (Reuters) - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.\nEconomically sensitive smallcaps and transports notched solid gains, outperforming the broader market.\nFor the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.\nBut the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.\n\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"\n\"So, investors are going to wait until earnings season.\"\nThe Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.\nInvestors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.\n\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.\nBenchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.\nThe Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's\nAlzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.\nBiogen shares, along with the broader healthcare sector ended the session lower.\nUnofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite added 49.09 points, or 0.35%, to 14,069.42.\nAmong the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.\nMuch of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.\nBut meme stock moves were more muted on Friday, with AMC Entertainment outperforming.\n(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188485249,"gmtCreate":1623458923481,"gmtModify":1704204109588,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/188485249","repostId":"2142204074","repostType":4,"repost":{"id":"2142204074","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623441637,"share":"https://ttm.financial/m/news/2142204074?lang=&edition=fundamental","pubTime":"2021-06-12 04:00","market":"us","language":"en","title":"S&P ekes out gains to close languid week","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204074","media":"Reuters","summary":"NEW YORK, June 11  - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th","content":"<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</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 ekes out gains to close languid week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P ekes out gains to close languid week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".IXIC":"NASDAQ Composite","PSQ":"纳指反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","SDS":"两倍做空标普500ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","QQQ":"纳指100ETF",".DJI":"道琼斯","IVV":"标普500指数ETF","DXD":"道指两倍做空ETF","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","QID":"纳指两倍做空ETF","DDM":"道指两倍做多ETF","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","DOG":"道指反向ETF","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","SDOW":"道指三倍做空ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204074","content_text":"NEW YORK, June 11 (Reuters) - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.\nEconomically sensitive smallcaps and transports notched solid gains, outperforming the broader market.\nFor the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.\nBut the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.\n\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"\n\"So, investors are going to wait until earnings season.\"\nThe Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.\nInvestors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.\n\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.\nBenchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.\nThe Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's\nAlzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.\nBiogen shares, along with the broader healthcare sector ended the session lower.\nUnofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite added 49.09 points, or 0.35%, to 14,069.42.\nAmong the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.\nMuch of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.\nBut meme stock moves were more muted on Friday, with AMC Entertainment outperforming.\n(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010806087,"gmtCreate":1648313710480,"gmtModify":1676534327177,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9010806087","repostId":"2222855314","repostType":2,"repost":{"id":"2222855314","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1648308749,"share":"https://ttm.financial/m/news/2222855314?lang=&edition=fundamental","pubTime":"2022-03-26 23:32","market":"hk","language":"en","title":"Boeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airlines Flight MU 5735","url":"https://stock-news.laohu8.com/highlight/detail?id=2222855314","media":"Reuters","summary":"Boeing Co :Boeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airli","content":"<html><body><p>Boeing Co <ba.n>:Boeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airlines Flight Mu 5735.Boeing Says A Boeing Technical Team Is Supporting The Ntsb And The Civil Aviation Administration Of China Who Will Lead The Investigation.</ba.n></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airlines Flight MU 5735</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\">\nBoeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airlines Flight MU 5735\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-26 23:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Boeing Co <ba.n>:Boeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airlines Flight Mu 5735.Boeing Says A Boeing Technical Team Is Supporting The Ntsb And The Civil Aviation Administration Of China Who Will Lead The Investigation.</ba.n></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600115":"中国东航","BK4527":"明星科技股","BK4579":"人工智能","MU":"美光科技","BK4500":"航空公司","BK4141":"半导体产品","BK4551":"寇图资本持仓","BK4512":"苹果概念","BK4516":"特朗普概念","CEA":"东方航空","BK4564":"太空概念","BK4554":"元宇宙及AR概念","BK4187":"航天航空与国防","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BA":"波音","BK4008":"航空公司","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团"},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222855314","content_text":"Boeing Co :Boeing Says Extend Deepest Condolences For The Loss Of Those On Board China Eastern Airlines Flight Mu 5735.Boeing Says A Boeing Technical Team Is Supporting The Ntsb And The Civil Aviation Administration Of China Who Will Lead The Investigation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143905036,"gmtCreate":1625754353925,"gmtModify":1703747945001,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/143905036","repostId":"1162204971","repostType":4,"repost":{"id":"1162204971","pubTimestamp":1625752171,"share":"https://ttm.financial/m/news/1162204971?lang=&edition=fundamental","pubTime":"2021-07-08 21:49","market":"us","language":"en","title":"Why is the stock market down today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162204971","media":"seekingalpha","summary":"Wall Street is seeing the kind of market slump thats's been rare this summer.\nThe S&P(SP500) -1.3%, ","content":"<ul>\n <li>Wall Street is seeing the kind of market slump thats's been rare this summer.</li>\n <li>The S&amp;P(SP500)&nbsp;-1.3%, Nasdaq(COMP.IND)&nbsp;-1.5%&nbsp;and Dow Jones(DJI)&nbsp;-1.2%&nbsp;are all sharply lower.</li>\n <li>The S&amp;P has finished down more than 1% just once since the start of June.</li>\n <li>A big factor in what stocks are reacting to is the quick plunge in Treasury yields, with the curve flattening.</li>\n <li>They are down again this morning, although off lows, with the 10-year Traesury yield(NYSEARCA:TBT)(NASDAQ:TLT)&nbsp;down 3 basis points to 1.29% and touching levels last seen in February.</li>\n <li>The consensus from Wall Street has been for higher yields, with the median forecast at 1.75% for the end of 2021. That's catching a lot of traders who are short bonds flat-footed in what is known as a \"pain trade.\"</li>\n <li>One theory for the decline in yields is that investors areworried about economic growth arriving weaker than expected, especially withincreasing COVID Delta variant cases, which would hurt value and cyclical stocks.</li>\n <li>Mixed economic data, especially a bigger-than-expected drop in the ISM services index this week, added to the downward momentum on yields.</li>\n <li>\"The market is sort of taking a deep breath,\" said Subadra Rajappa, head of U.S. rates strategy at Société Générale. \"Are those optimistic forecasts (for economic growth and inflation) actually achievable?\"</li>\n <li>\"The (stock) market is great, the question is where's the leadership, what wins the market, because the market still wants to go up and to the right,\" Credit Suisse equity strategist Jonathan Golub said on Bloomberg.</li>\n <li>China's regulatory actions are also causing market jitters after its crackdown on DiDi. Chinese companies are slumping early andMorgan Stanley says Tesla will likley feel effects as well.</li>\n <li>Another explation for the yield tumble is that that traders think the Fed is making a mistake in pulling ahead rate hike expectations, which could stifle the recovery.</li>\n <li>A&nbsp;similar situation happened in late 2018 and the Fed ultimately reversed policy.</li>\n <li>But Jemore Schneider, PIMCO head of short-term portfolio management, told Bloomberg the rate trend is still up, which would bode well for recovery stocks.</li>\n <li>\"We are of the bias that this is a steepening trend propeled by higher growth over that medium term,\" Schneider said.</li>\n <li>\"It all comes down to inflation expectations, and if those expectations are quenched by a more responsive Fed\" that would push asset tapering into the spotlight \"then you can actually see a rally on the back of the curve,\" he added.</li>\n <li>\"But ultimately over time this is a growth story, a recovery story that will lead to higher rates.\"</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is the stock market down today?</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\">\nWhy is the stock market down today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3713636-why-is-the-stock-market-down-today><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street is seeing the kind of market slump thats's been rare this summer.\nThe S&P(SP500) -1.3%, Nasdaq(COMP.IND) -1.5% and Dow Jones(DJI) -1.2% are all sharply lower.\nThe S&P has finished down ...</p>\n\n<a href=\"https://seekingalpha.com/news/3713636-why-is-the-stock-market-down-today\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3713636-why-is-the-stock-market-down-today","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1162204971","content_text":"Wall Street is seeing the kind of market slump thats's been rare this summer.\nThe S&P(SP500) -1.3%, Nasdaq(COMP.IND) -1.5% and Dow Jones(DJI) -1.2% are all sharply lower.\nThe S&P has finished down more than 1% just once since the start of June.\nA big factor in what stocks are reacting to is the quick plunge in Treasury yields, with the curve flattening.\nThey are down again this morning, although off lows, with the 10-year Traesury yield(NYSEARCA:TBT)(NASDAQ:TLT) down 3 basis points to 1.29% and touching levels last seen in February.\nThe consensus from Wall Street has been for higher yields, with the median forecast at 1.75% for the end of 2021. That's catching a lot of traders who are short bonds flat-footed in what is known as a \"pain trade.\"\nOne theory for the decline in yields is that investors areworried about economic growth arriving weaker than expected, especially withincreasing COVID Delta variant cases, which would hurt value and cyclical stocks.\nMixed economic data, especially a bigger-than-expected drop in the ISM services index this week, added to the downward momentum on yields.\n\"The market is sort of taking a deep breath,\" said Subadra Rajappa, head of U.S. rates strategy at Société Générale. \"Are those optimistic forecasts (for economic growth and inflation) actually achievable?\"\n\"The (stock) market is great, the question is where's the leadership, what wins the market, because the market still wants to go up and to the right,\" Credit Suisse equity strategist Jonathan Golub said on Bloomberg.\nChina's regulatory actions are also causing market jitters after its crackdown on DiDi. Chinese companies are slumping early andMorgan Stanley says Tesla will likley feel effects as well.\nAnother explation for the yield tumble is that that traders think the Fed is making a mistake in pulling ahead rate hike expectations, which could stifle the recovery.\nA similar situation happened in late 2018 and the Fed ultimately reversed policy.\nBut Jemore Schneider, PIMCO head of short-term portfolio management, told Bloomberg the rate trend is still up, which would bode well for recovery stocks.\n\"We are of the bias that this is a steepening trend propeled by higher growth over that medium term,\" Schneider said.\n\"It all comes down to inflation expectations, and if those expectations are quenched by a more responsive Fed\" that would push asset tapering into the spotlight \"then you can actually see a rally on the back of the curve,\" he added.\n\"But ultimately over time this is a growth story, a recovery story that will lead to higher rates.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":11,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163067755,"gmtCreate":1623853961277,"gmtModify":1703821535083,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/163067755","repostId":"2143497767","repostType":4,"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112747975,"gmtCreate":1622937473397,"gmtModify":1704193338008,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/112747975","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","pubTimestamp":1622855773,"share":"https://ttm.financial/m/news/1106312903?lang=&edition=fundamental","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p>\n<ul>\n <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>\n <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>\n <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li>\n</ul>\n<p>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p>\n<p>Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZETA":"Zeta Global Holdings Corp.","ZME":"掌门教育",".DJI":"道琼斯","BZ":"BOSS直聘",".IXIC":"NASDAQ Composite","TASK":"TaskUs Inc.","MQ":"Marqeta, Inc.","LFST":"LifeStance Health Group, Inc.",".SPX":"S&P 500 Index","MNDY":"Monday.com Ltd.","DIBS":"1stdibs.com Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576497026121990","authorId":"3576497026121990","name":"woshihui","avatar":"https://static.tigerbbs.com/16c7aa4a45306830522180ff7b026e56","crmLevel":2,"crmLevelSwitch":0,"idStr":"3576497026121990","authorIdStr":"3576497026121990"},"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110577703,"gmtCreate":1622474572102,"gmtModify":1704184927699,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/110577703","repostId":"1113386303","repostType":4,"repost":{"id":"1113386303","pubTimestamp":1622472571,"share":"https://ttm.financial/m/news/1113386303?lang=&edition=fundamental","pubTime":"2021-05-31 22:49","market":"us","language":"en","title":"Turkey’s Second Biggest E-Commerce Platform Files for Nasdaq IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1113386303","media":"Bloomberg","summary":"SEC filing comes after revenue more than doubled last year\nIt follows string of multi-billion dollar","content":"<ul>\n <li>SEC filing comes after revenue more than doubled last year</li>\n <li>It follows string of multi-billion dollar tech deals in Turkey</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/053dca0f1785d519785d4a999349c38c\" tg-width=\"4000\" tg-height=\"2546\"><span>Hepsiburada.com home page.</span></p>\n<p>Turkey’s second biggest online shopping platform by market share applied tolist its shareson Nasdaq amid a flurry of investor interest in the nation’s burgeoningstart-upscene.</p>\n<p>Hepsiburada.com, formally known as D-Market Elektronik Hizmetler ve Ticaret AS, plans to sell shares on the tech-heavy U.S. equity gauge, according to the company’s&nbsp;prospectus&nbsp;filed to Securities and Exchange Commission on May 28. The company didn’t specify how many shares it plans to sell or when.</p>\n<p>The filing comes as revenue more than doubled last year as coronavirus measures led to a surge in online shopping. And it follows a string of Turkish tech deals that have attracted strong international interest in recent years, with valuations reaching billions of dollars.</p>\n<p>Peak, a Turkish casual games maker, was&nbsp;sold&nbsp;to&nbsp;Zynga Inc.for $1.8 billion last year while Getir, a quick grocery delivery app, is seeking funds in a round that may raise its&nbsp;value&nbsp;to more than $7 billion from $2.6 billion in February. Trendyol, the biggest e-commerce marketplace in Turkey backed by Chinese online giant&nbsp;Alibaba Group Holding Ltd., is in talks with investors for new funds that could see its value rise to more than $15 billion from $9.4 billion earlier this year.</p>\n<p>Hepsiburada.com hired Morgan Stanley, JPMorgan Chase &amp; Co., Bank of America Securities, UBS Investment Bank and Goldman Sachs Group Inc. to arrange the deal.</p>\n<p>The company is 75% owned by the four daughters of businessman Aydin Dogan, founder of Dogan Sirketler Grubu Holding AS, 24.6% of which is held by founder Hanzade Dogan Boyner.Franklin Resources Inc.&nbsp;owns the remaining 25%.</p>\n<p><b>Highlights from the company prospectus:</b></p>\n<ul>\n <li>Revenue rose to 6.4 billion liras ($750 million) in 2020 from 2.6 billion liras a year ago. The company reported a total loss of 476 million liras last year, up from 133 million liras in 2019</li>\n <li>Gross merchandise value, a measure of total value of products and orders through its marketplace platform, rose to 17 billion liras from 9 million customers in 2020 from 8 billion liras from 6.5 million users a year ago</li>\n <li>The company said its market share was around 17% last year, citing data from&nbsp;Arthur D Little Inc.</li>\n <li>Liabilities rose to 2.7 billion liras in 2020, including 2 billion liras in payables and 347 million liras in bank loans, from 1.2 billion liras in 2019</li>\n</ul>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Turkey’s Second Biggest E-Commerce Platform Files for Nasdaq IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nTurkey’s Second Biggest E-Commerce Platform Files for Nasdaq IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 22:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-31/turkey-s-second-biggest-e-commerce-platform-files-for-nasdaq-ipo?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SEC filing comes after revenue more than doubled last year\nIt follows string of multi-billion dollar tech deals in Turkey\n\nHepsiburada.com home page.\nTurkey’s second biggest online shopping platform ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-31/turkey-s-second-biggest-e-commerce-platform-files-for-nasdaq-ipo?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-05-31/turkey-s-second-biggest-e-commerce-platform-files-for-nasdaq-ipo?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113386303","content_text":"SEC filing comes after revenue more than doubled last year\nIt follows string of multi-billion dollar tech deals in Turkey\n\nHepsiburada.com home page.\nTurkey’s second biggest online shopping platform by market share applied tolist its shareson Nasdaq amid a flurry of investor interest in the nation’s burgeoningstart-upscene.\nHepsiburada.com, formally known as D-Market Elektronik Hizmetler ve Ticaret AS, plans to sell shares on the tech-heavy U.S. equity gauge, according to the company’s prospectus filed to Securities and Exchange Commission on May 28. The company didn’t specify how many shares it plans to sell or when.\nThe filing comes as revenue more than doubled last year as coronavirus measures led to a surge in online shopping. And it follows a string of Turkish tech deals that have attracted strong international interest in recent years, with valuations reaching billions of dollars.\nPeak, a Turkish casual games maker, was sold to Zynga Inc.for $1.8 billion last year while Getir, a quick grocery delivery app, is seeking funds in a round that may raise its value to more than $7 billion from $2.6 billion in February. Trendyol, the biggest e-commerce marketplace in Turkey backed by Chinese online giant Alibaba Group Holding Ltd., is in talks with investors for new funds that could see its value rise to more than $15 billion from $9.4 billion earlier this year.\nHepsiburada.com hired Morgan Stanley, JPMorgan Chase & Co., Bank of America Securities, UBS Investment Bank and Goldman Sachs Group Inc. to arrange the deal.\nThe company is 75% owned by the four daughters of businessman Aydin Dogan, founder of Dogan Sirketler Grubu Holding AS, 24.6% of which is held by founder Hanzade Dogan Boyner.Franklin Resources Inc. owns the remaining 25%.\nHighlights from the company prospectus:\n\nRevenue rose to 6.4 billion liras ($750 million) in 2020 from 2.6 billion liras a year ago. The company reported a total loss of 476 million liras last year, up from 133 million liras in 2019\nGross merchandise value, a measure of total value of products and orders through its marketplace platform, rose to 17 billion liras from 9 million customers in 2020 from 8 billion liras from 6.5 million users a year ago\nThe company said its market share was around 17% last year, citing data from Arthur D Little Inc.\nLiabilities rose to 2.7 billion liras in 2020, including 2 billion liras in payables and 347 million liras in bank loans, from 1.2 billion liras in 2019","news_type":1},"isVote":1,"tweetType":1,"viewCount":5,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194646921,"gmtCreate":1621380122663,"gmtModify":1704356546535,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/194646921","repostId":"2136999458","repostType":4,"repost":{"id":"2136999458","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621372003,"share":"https://ttm.financial/m/news/2136999458?lang=&edition=fundamental","pubTime":"2021-05-19 05:06","market":"us","language":"en","title":"Wall Street closes lower on weak telecom stocks despite strong retail earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2136999458","media":"Reuters","summary":"May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks ","content":"<p>May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.</p><p>AT&amp;T Inc&nbsp;shed 5.8%, among the biggest percentage decliners in the benchmark S&amp;P 500. It extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc   .</p><p>T-Mobile&nbsp;and Verizon Communications    also dropped 3.71% and 1.31%.</p><p>Eight of 11 major S&amp;P sectors ended the session in the red,  with Energy    and Industrials    having largest percentage decline, according to Refinitiv data. Utilities were basically flat.</p><p>The three main indexes opened higher after Walmart, the world's biggest retailer   , raised its full-year earnings forecast and Home Depot    reported quarterly same-store sales above estimates.</p><p>\"Those are both emblematic of strength in the corporate sector and also of the consumer. I mean, you can't have Walmart and Home Depot have blowout earnings without the consumer really stepping up spending stimulus checks, adopting ecommerce, as well as getting back into stores\", said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"And a lot of the bull thesis for the market right now is still built on a really strong reopening of the economy.\"</p><p>Despite its strong results, Home Depot's shares went down 1.02%, under pressure due to the lack of a solid outlook and the housing data.</p><p>Latest data showed U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials.</p><p>Minutes from the Fed's April policy meeting will be parsed on Wednesday for the central bank's view of the economy.</p><p>\"The market is bracing for a transition,\" said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. \"So there's a little bit of de-risking going on.\"</p><p>Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the Federal Reserve to rein in its monetary support following a spike in volatility last week after strong inflation readings.</p><p>The Dow Jones Industrial Average    fell 267.13 points, or 0.78%, to 34,060.66, the S&amp;P 500    lost 35.46 points, or 0.85%, to 4,127.83 and the Nasdaq Composite    dropped 75.41 points, or 0.56%, to 13,303.64.</p><p>Fund managers recently trimmed their overweight positions on technology stocks to a three-year low as inflation worries left growth stocks vulnerable to a pullback, and turned overweight on UK stocks for the first time in seven years, a survey from Bank of America showed.</p><p>Volume on U.S. exchanges was 10.01 billion shares, compared with the 10.48 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 105 new highs and 50 new lows.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report</i></b></p><p><a href=\"https://laohu8.com/NW/2136994595\" target=\"_blank\">Take-Two stock rises following earnings beat</a></p><p><a href=\"https://laohu8.com/NW/2136994482\" target=\"_blank\">Trip.com rises 6% as first quarter brings surprise profit, revenue turnaround</a></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>Wall Street closes lower on weak telecom stocks despite strong retail earnings</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\">\nWall Street closes lower on weak telecom stocks despite strong retail earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-19 05:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.</p><p>AT&amp;T Inc&nbsp;shed 5.8%, among the biggest percentage decliners in the benchmark S&amp;P 500. It extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc   .</p><p>T-Mobile&nbsp;and Verizon Communications    also dropped 3.71% and 1.31%.</p><p>Eight of 11 major S&amp;P sectors ended the session in the red,  with Energy    and Industrials    having largest percentage decline, according to Refinitiv data. Utilities were basically flat.</p><p>The three main indexes opened higher after Walmart, the world's biggest retailer   , raised its full-year earnings forecast and Home Depot    reported quarterly same-store sales above estimates.</p><p>\"Those are both emblematic of strength in the corporate sector and also of the consumer. I mean, you can't have Walmart and Home Depot have blowout earnings without the consumer really stepping up spending stimulus checks, adopting ecommerce, as well as getting back into stores\", said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"And a lot of the bull thesis for the market right now is still built on a really strong reopening of the economy.\"</p><p>Despite its strong results, Home Depot's shares went down 1.02%, under pressure due to the lack of a solid outlook and the housing data.</p><p>Latest data showed U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials.</p><p>Minutes from the Fed's April policy meeting will be parsed on Wednesday for the central bank's view of the economy.</p><p>\"The market is bracing for a transition,\" said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. \"So there's a little bit of de-risking going on.\"</p><p>Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the Federal Reserve to rein in its monetary support following a spike in volatility last week after strong inflation readings.</p><p>The Dow Jones Industrial Average    fell 267.13 points, or 0.78%, to 34,060.66, the S&amp;P 500    lost 35.46 points, or 0.85%, to 4,127.83 and the Nasdaq Composite    dropped 75.41 points, or 0.56%, to 13,303.64.</p><p>Fund managers recently trimmed their overweight positions on technology stocks to a three-year low as inflation worries left growth stocks vulnerable to a pullback, and turned overweight on UK stocks for the first time in seven years, a survey from Bank of America showed.</p><p>Volume on U.S. exchanges was 10.01 billion shares, compared with the 10.48 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 105 new highs and 50 new lows.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report</i></b></p><p><a href=\"https://laohu8.com/NW/2136994595\" target=\"_blank\">Take-Two stock rises following earnings beat</a></p><p><a href=\"https://laohu8.com/NW/2136994482\" target=\"_blank\">Trip.com rises 6% as first quarter brings surprise profit, revenue turnaround</a></p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136999458","content_text":"May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.AT&T Inc shed 5.8%, among the biggest percentage decliners in the benchmark S&P 500. It extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc   .T-Mobile and Verizon Communications    also dropped 3.71% and 1.31%.Eight of 11 major S&P sectors ended the session in the red,  with Energy    and Industrials    having largest percentage decline, according to Refinitiv data. Utilities were basically flat.The three main indexes opened higher after Walmart, the world's biggest retailer   , raised its full-year earnings forecast and Home Depot    reported quarterly same-store sales above estimates.\"Those are both emblematic of strength in the corporate sector and also of the consumer. I mean, you can't have Walmart and Home Depot have blowout earnings without the consumer really stepping up spending stimulus checks, adopting ecommerce, as well as getting back into stores\", said Ross Mayfield, investment strategist at Baird in Louisville, Kentucky. \"And a lot of the bull thesis for the market right now is still built on a really strong reopening of the economy.\"Despite its strong results, Home Depot's shares went down 1.02%, under pressure due to the lack of a solid outlook and the housing data.Latest data showed U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials.Minutes from the Fed's April policy meeting will be parsed on Wednesday for the central bank's view of the economy.\"The market is bracing for a transition,\" said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. \"So there's a little bit of de-risking going on.\"Wall Street has been volatile in recent days, with investors worried that an overheating economy could prompt the Federal Reserve to rein in its monetary support following a spike in volatility last week after strong inflation readings.The Dow Jones Industrial Average    fell 267.13 points, or 0.78%, to 34,060.66, the S&P 500    lost 35.46 points, or 0.85%, to 4,127.83 and the Nasdaq Composite    dropped 75.41 points, or 0.56%, to 13,303.64.Fund managers recently trimmed their overweight positions on technology stocks to a three-year low as inflation worries left growth stocks vulnerable to a pullback, and turned overweight on UK stocks for the first time in seven years, a survey from Bank of America showed.Volume on U.S. exchanges was 10.01 billion shares, compared with the 10.48 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 105 new highs and 50 new lows.Financial ReportTake-Two stock rises following earnings beatTrip.com rises 6% as first quarter brings surprise profit, revenue turnaround","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194193642,"gmtCreate":1621346554086,"gmtModify":1704356178142,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/194193642","repostId":"2136738931","repostType":4,"repost":{"id":"2136738931","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621318800,"share":"https://ttm.financial/m/news/2136738931?lang=&edition=fundamental","pubTime":"2021-05-18 14:20","market":"hk","language":"en","title":"JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2136738931","media":"Tiger Newspress","summary":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering  to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion  if the deal is priced at the top end.JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics' offering is expected to be the second multibilli","content":"<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</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>JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion</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\">\nJD Logistics launches Hong Kong IPO to raise up to US$3.4 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 14:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136738931","content_text":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.（Click here To apply for the JD Logistics Shares）JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574339928552137","authorId":"3574339928552137","name":"IsaacHuat93","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574339928552137","authorIdStr":"3574339928552137"},"content":"Please lIke and commeNt","text":"Please lIke and commeNt","html":"Please lIke and commeNt"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191348775,"gmtCreate":1620860469197,"gmtModify":1704349333684,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/191348775","repostId":"1186510575","repostType":4,"repost":{"id":"1186510575","pubTimestamp":1620834242,"share":"https://ttm.financial/m/news/1186510575?lang=&edition=fundamental","pubTime":"2021-05-12 23:44","market":"us","language":"en","title":"Bill Ackman Unveils 6% Stake In Dominos, Says He Won't Invest In Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1186510575","media":"zerohedge","summary":"Shares of Domino's Pizza surged nearly 4% Wednesday morning after celebrity investor Bill Ackman announced that his investment firm, Pershing Square Capital, had purchased a 6% stake in the pizza-delivery pioneer.Speaking at the \"Future of Everything\" conference organized by WSJ, Ackman added that he has long been an admirer of the firm and has eyed buying its stock, but that he only just recently found what he believed to be a compelling entry point to invest. Pershing sold some of its stake in","content":"<p>Shares of Domino's Pizza surged nearly 4% Wednesday morning after celebrity investor Bill Ackman announced that his investment firm, Pershing Square Capital, had purchased a 6% stake in the pizza-delivery pioneer.</p>\n<p><img src=\"https://static.tigerbbs.com/63594f1f7c8dd7f4857fc989fa947180\" tg-width=\"1074\" tg-height=\"633\"></p>\n<p>Speaking at the \"Future of Everything\" conference organized by WSJ, Ackman added that he has long been an admirer of the firm and has eyed buying its stock, but that he only just recently found what he believed to be a compelling entry point to invest. Pershing sold some of its stake in Starbucks - which, along with Pershings bets on Chipotle, marked one of Ackman's biggest turnaround successes - to finance its investment in Dominos.</p>\n<p>Pershing started building its position in Dominoes at $330/share.</p>\n<p><img src=\"https://static.tigerbbs.com/b895ad36f893b0976b1cfac9c18d101a\" tg-width=\"500\" tg-height=\"333\"></p>\n<p>As CNBC's Kate Rogers pointed out, Dominos rival Papa Johns also saw some news on the activist front Wednesday.</p>\n<p><img src=\"https://static.tigerbbs.com/f32345dd4b763e29d83b9e01f1574ebe\" tg-width=\"526\" tg-height=\"358\"></p>\n<p>Ackman also revealed that he has been working on a single potential acquisition deal for the Pershing Square Tontine - Ackman's SPAC -&nbsp; since November of last year. \"We're deeply engaged\" with an \"iconic, phenomenal great business,\" Ackman said. But it's an \"extremely complex\" deal, and \"I'm either going to get a transaction done\" in the short term or move on to the next target.</p>\n<p>Whatever happens, \"It was worth devoting six months,\" Ackman added, though he wouldn't name the building.</p>\n<p>Asked about bitcoin, Ackman bucked the trend of hedge fund icons buying into the crypto craze by responding that bitcoin isn't a place he would invest. His rejection of crypto comes on the heels of his industry archrival Dan Loeb's embrace of crypto via his firm,Third Point, which now holds cryptocurrency from five of its funds.</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>Bill Ackman Unveils 6% Stake In Dominos, Says He Won't Invest In Bitcoin</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\">\nBill Ackman Unveils 6% Stake In Dominos, Says He Won't Invest In Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-12 23:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/dominos-jumps-bill-ackman-unveils-6-stake-offers-update-spac-deal-hunt><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Domino's Pizza surged nearly 4% Wednesday morning after celebrity investor Bill Ackman announced that his investment firm, Pershing Square Capital, had purchased a 6% stake in the pizza-...</p>\n\n<a href=\"https://www.zerohedge.com/markets/dominos-jumps-bill-ackman-unveils-6-stake-offers-update-spac-deal-hunt\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/dominos-jumps-bill-ackman-unveils-6-stake-offers-update-spac-deal-hunt","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186510575","content_text":"Shares of Domino's Pizza surged nearly 4% Wednesday morning after celebrity investor Bill Ackman announced that his investment firm, Pershing Square Capital, had purchased a 6% stake in the pizza-delivery pioneer.\n\nSpeaking at the \"Future of Everything\" conference organized by WSJ, Ackman added that he has long been an admirer of the firm and has eyed buying its stock, but that he only just recently found what he believed to be a compelling entry point to invest. Pershing sold some of its stake in Starbucks - which, along with Pershings bets on Chipotle, marked one of Ackman's biggest turnaround successes - to finance its investment in Dominos.\nPershing started building its position in Dominoes at $330/share.\n\nAs CNBC's Kate Rogers pointed out, Dominos rival Papa Johns also saw some news on the activist front Wednesday.\n\nAckman also revealed that he has been working on a single potential acquisition deal for the Pershing Square Tontine - Ackman's SPAC -  since November of last year. \"We're deeply engaged\" with an \"iconic, phenomenal great business,\" Ackman said. But it's an \"extremely complex\" deal, and \"I'm either going to get a transaction done\" in the short term or move on to the next target.\nWhatever happens, \"It was worth devoting six months,\" Ackman added, though he wouldn't name the building.\nAsked about bitcoin, Ackman bucked the trend of hedge fund icons buying into the crypto craze by responding that bitcoin isn't a place he would invest. His rejection of crypto comes on the heels of his industry archrival Dan Loeb's embrace of crypto via his firm,Third Point, which now holds cryptocurrency from five of its funds.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005210115,"gmtCreate":1642306009435,"gmtModify":1676533700084,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005210115","repostId":"2203189747","repostType":2,"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148847514,"gmtCreate":1625969111038,"gmtModify":1703751348871,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/148847514","repostId":"1166379040","repostType":4,"repost":{"id":"1166379040","pubTimestamp":1625968800,"share":"https://ttm.financial/m/news/1166379040?lang=&edition=fundamental","pubTime":"2021-07-11 10:00","market":"us","language":"en","title":"Apple AirPod batteries are almost impossible to replace, showing the need for right-to-repair reform","url":"https://stock-news.laohu8.com/highlight/detail?id=1166379040","media":"CNBC","summary":"KEY POINTS\n\nOwners have noticed that Apple AirPods eventually will last only an hour or so before ne","content":"<div>\n<p>KEY POINTS\n\nOwners have noticed that Apple AirPods eventually will last only an hour or so before needing to be recharged, compared to their four-to-five-hour battery life out of the box.\nBut it’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/10/apple-airpod-battery-life-problem-shows-need-for-right-to-repair-laws.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>Apple AirPod batteries are almost impossible to replace, showing the need for right-to-repair reform</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\">\nApple AirPod batteries are almost impossible to replace, showing the need for right-to-repair reform\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-11 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/10/apple-airpod-battery-life-problem-shows-need-for-right-to-repair-laws.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nOwners have noticed that Apple AirPods eventually will last only an hour or so before needing to be recharged, compared to their four-to-five-hour battery life out of the box.\nBut it’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/10/apple-airpod-battery-life-problem-shows-need-for-right-to-repair-laws.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/07/10/apple-airpod-battery-life-problem-shows-need-for-right-to-repair-laws.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166379040","content_text":"KEY POINTS\n\nOwners have noticed that Apple AirPods eventually will last only an hour or so before needing to be recharged, compared to their four-to-five-hour battery life out of the box.\nBut it’s almost impossible to replace the battery at home because AirPods are tiny, packed with components, and hard to take apart.\nA new startup called PodSwap is aiming to make it easier to repair AirPods and keep them out of landfills or recycling plants, but its challenges show the need for right-to-repair laws.\n\nWhen AirPods were first released in 2016, they were a marvel of miniaturization.\nTo ditch cords and go wireless,Apple packed several chips, microphones and speakers into each headphone, which weigh about 4 grams. Without a cord, the earbud gets its power from a tiny cylindrical battery that has about 1% of the capacity of an iPhone’s battery.\nBut lithium-ion batteries, like those used by the AirPods, wear out the more they are used.\nSome owners have noticed that, after a few years, used AirPods eventually will last only an hour or so before needing to be recharged -- a big decay from the four-to-five-hour battery life they have when new. Because each AirPod is so small and so tightly packed into its housing, it’s almost impossible to swap out the old battery for a new one. Most people give up and just buy a new pair.\nThe limited lifespan of AirPods is exactly the kind of problem that the “right-to-repair” movement wants to fix. Repair shops and lobbyists that support repair reform want lawmakers to implement a variety of rules, including increased access to manuals and official parts and consumer protections around warranties.\nBut one of their most important requests is for companies to design products with repair in mind, instead of packing gadgets with unlabeled parts and sticking them together with glue, forcing users to use a knife to take them apart.\nThis desire puts repair advocates at odds with hardware companies like Apple, whose business models depend on customers upgrading to the latest model every few years. When Apple offered cheap iPhone battery repairs a few years ago, it hurt sales as consumers were able to hang on to their old phones for longer instead of upgrading. Apple also charges customers for repairs and extended warranties.\n“We design our products for durability in order to minimize the need for repair,” Apple wrote in an environmental report earlier this year. “But in the instance a repair is needed, we believe our customers should have convenient access to safe and reliable repair services, to get their product back up and running as quickly as possible.”\nThe right-to-repair movement gains steam\nPolicymakers have started to engage more closely with right-to-repair advocates in recent years. State-level bills have been introduced in a majority of states, but electronics companies have lobbied against them and none have passed.\nIn May, the Federal Trade Commission released a 56-page report on repair restrictions, concluding that repair restrictions have “steered consumers into manufacturers’ repair networks or to replace products before the end of their useful lives” — exactly the problem users are running into with their AirPods.\nThe Biden administration on Friday ordered the FTC to write new regulations targeted at limiting manufacturers’ ability to hamper independent or do-it-yourself repairs as part of a sweeping executive order. New repair rules have not yet been drafted.\n“Tech and other companies impose restrictions on self and third-party repairs, making repairs more costly and time-consuming, such as by restricting the distribution of parts, diagnostics, and repair tools,” the White House wrote in a fact sheet about the order on Friday, linking to a story about fixing Apple products. Apple declined to comment on the White House executive order.\nThe FTC has not said what it plans to do, but repair advocates want a few key policy changes, as detailed in its May report. They want companies to be required to make official replacement parts available. They want access to tools that could make repairs easier without reverse-engineering the tools or parts themselves. And ultimately, they want products to be designed with longer lifespans.\nApple is not the only company that would be affected by these policies. Much of the recent pressure is on medical device companies and tractor manufacturers. But given Apple’s ubiquity, it has become a poster child for repair, especially because it promotes its environmental efforts as a corporate value.\nApple has launched a program it calls the “Independent Repair Program” which gives repair shops the option to enter into a certification process and contract with Apple in order to get access to authentic Apple parts, tools and manuals.\nApple has also reduced the price of its battery replacement for iPhones, and recent models have been designed to make it easier to replace a battery or cracked screen, according to iFixit. Plus, compared to other consumer electronics companies, Apple has a large existing network of stores and authorized repair shops.\nStill, many Apple products remain challenging to repair at home or as a business with no contact with Apple.\nThe only AirPods battery replacement company\niFixit, a company that provides disassembly instructions and sells replacement parts for gadgets, gives AirPods models a score of zero out of 10 for repairability. According to iFixit, repairing these earbuds involves soldering, hot air guns and slicing through glue — that is, if replacement battery parts are even available. In the end, a would-be home repairer would have to put the four-gram computer back together again.\nApple provides “battery service” for AirPods, at the cost of $49 per earbud. But functionally, Apple simply gives you a replacement pair, and the old earbuds are recycled. It’s not a repair, it’s a replacement. And it’s expensive. AirPods originally cost $159, so opting for battery service costs more than half of the price of a new pair.\nApple sold about 72.8 million AirPods units in 2020, according to a CounterPoint research estimate, so tens of millions of consumers will face the same lack of choice in the coming years.\nPodSwap is a Miami company founded by Emma Stritzinger and Emily Alpert which aims to keep AirPods “out of the landfill.” They’re not associated with Apple.\nThey believe they’re the only company performing AirPod battery replacements, although other companies “refurbish” old AirPods, the founders told CNBC. The company was formed after the founders experienced dying AirPods themselves and thought that upgrading or replacing them would be wasteful and impractical.\nI recently replaced a pair of AirPods that were only holding a charge for 45 minutes -- too short to complete a phone call. I paid $59 on PodSwap’s Shopify site and a few days later received a replacement pair of AirPods with new batteries. They weren’t my old AirPods, they were another set that had their batteries replaced.\nAlong with those new pods, PodSwap includes a box and a return label. It wants your old AirPods back. It then cleans and sanitizes the old pair, puts in new batteries and sends them out to the next person who wants to change the battery in their old AirPods.\nBut PodSwap faces many challenges that show why repair advocates want new rules. Alpert said the design of the AirPod makes it challenging for repair shops or companies like theirs to do a lot of battery replacements. PodSwap’s process uses both robotics and manual labor, the founders said.\n“The process was developed through trial and error and a large number of units were ‘sacrificed’ and ultimately recycled. One major challenge we faced was overcoming the uniqueness of this product. Each AirPod is assembled with slight differences, which creates complexity in the disassembly,” Alpert said.\nPodSwap plans to soon offer service for the AirPods Pro, a newer model that costs $249 and are, surprisingly, powered by a standard-sized coin battery.\nBut the AirPods Pro have many of the same problems as the first model — tight tolerances, potential damage while taking them apart, a lack of replacement parts, and a design that suggests the product was always designed to last a limited time.\n“We have found the AirPods Pro’s batteries to be more difficult to replace,” Alpert said. “The ergonomic design and tight unforgiving tolerances make it exceptionally challenging to replace the batteries repeatedly, with a high degree of efficiency.”\nPodSwap wasn’t totally seamless for me — I got sent a combination of “first generation” and “second generation” AirPods. They caused my iPhone to send error messages, but I sent an email to PodSwap and a day or two later I got a second replacement set, which worked.\nAfter that, I sent my first replacement set and my old AirPods back. The AirPods I received look and work like new.\nI plan on trying to get another four years out of them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160583676,"gmtCreate":1623801987495,"gmtModify":1703819708006,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/160583676","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","pubTimestamp":1623762167,"share":"https://ttm.financial/m/news/1191245053?lang=&edition=fundamental","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p>\n<p>So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p>\n<p><img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p>\n<p>Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p>\n<p><img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p>\n<p>It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p>\n<p><img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p>The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p>\n<p><img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p>\n<p>This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p>\n<p>Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p>\n<p><img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p>\n<p>Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p>\n<p><img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p>\n<p>As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p>\n<p><img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p>\n<p>Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets</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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">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",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579004056029930","authorId":"3579004056029930","name":"我是流动的水","avatar":"https://static.tigerbbs.com/d400e72bdd9355c575b3b0ba1f75a265","crmLevel":3,"crmLevelSwitch":0,"idStr":"3579004056029930","authorIdStr":"3579004056029930"},"content":"reply pls","text":"reply pls","html":"reply pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135922630,"gmtCreate":1622127139220,"gmtModify":1704180018544,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/135922630","repostId":"1175049399","repostType":4,"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136296640,"gmtCreate":1622018163180,"gmtModify":1704366173895,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/136296640","repostId":"1182975704","repostType":4,"repost":{"id":"1182975704","pubTimestamp":1621990601,"share":"https://ttm.financial/m/news/1182975704?lang=&edition=fundamental","pubTime":"2021-05-26 08:56","market":"fut","language":"en","title":"China’s Yuan Hits Strongest Level in Nearly Three Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1182975704","media":"The Wall Street Journal","summary":"The currency has been buoyed by the country’s rapid recovery from the coronavirus pandemic.\n\nChina’s","content":"<blockquote>\n The currency has been buoyed by the country’s rapid recovery from the coronavirus pandemic.\n</blockquote>\n<p>China’s yuan has strengthened to a near-three-year high, boosted by a falling dollar despite attempts by the central bank to keep the currency in check.</p>\n<p>The yuan has been buoyed in recent months by the country’s rapid recovery from the coronavirus pandemic, and by a rush of international investment into China’s relatively high-yielding markets. The currency has also gained amid abroader bout of dollar weakness.</p>\n<p>On Tuesday, the offshore yuan strengthened below 6.4 per dollar, as Chinese stocks jumped thanks partly to a surge in foreign buying.</p>\n<p>Beijing would want to see slower yuan appreciationto support the economy, which is still fairly dependent on selling goods abroad, said Alvin Tan, head of Asia foreign-exchange strategy at RBC Capital Markets. While Chinese exports have surged since last year,a rallying yuan pressures exportersby making their goods more expensive when priced in dollars.</p>\n<p>Mr. Tan said the People’s Bank of China had been “leaning against the strength” of the currency by setting weaker-than-expected reference rates for onshore yuan trading for the past month.</p>\n<p><img src=\"https://static.tigerbbs.com/a7ef4ee3cc184ea84391adcdbe43b304\" tg-width=\"321\" tg-height=\"428\">The central bank fixes a daily midpoint for the onshore yuan, and only allows trading up to 2 percentage points above or below this level. This is part of a so-called managed floating-exchange-rate system based on the yuan’s value against a basket of currencies.</p>\n<p>The yuan is likely to stay between 6.4 and 6.5 to a dollar, while further appreciation could prompt stronger central bank action, said Paul Sandhu, head of multiasset quant solutions for Asia-Pacific at BNP Paribas Asset Management.</p>\n<p>“The government is quite happy with the range it is sitting at. If it breaks 6.4 and stays there for some time, they may move in to do something,” Mr. Sandhu said.</p>\n<p>On Tuesday in Hong Kong, the offshore yuan rallied about 0.2% to 6.3988 to the dollar, a level last hit in June 2018. The dollar weakened, with theICEU.S. Dollar Index declining nearly 0.3% to 89.61, its lowest since early January.</p>\n<p>China’s CSI 300 index, a gauge of the biggest shares listed in either Shanghai or Shenzhen, jumped 3.2%. Net foreign buying of mainland Chinese shares through Stock Connect, a trading link with Hong Kong, hit a record daily high of 21.7 billion yuan, or the equivalent of $3.4 billion.</p>\n<p>Tuesday’s yuan strength was also likely due in part to the coming month-end, before which exporters normally sell earnings in foreign currency to buy yuan, said Khoon Goh, head of Asia research atAustralia and New Zealand Banking GroupLtd.in Singapore.</p>\n<p>The central bank is eager to promote the idea that the currency won’t be volatile, but that it also won’t be a one-way bet for investors. On Sunday, a senior central-bank official said the yuan will remain “basically stable.” Liu Guoqiang, a deputy governor, said fluctuations in either direction will become the norm, with the exchange rate depending on supply and demand, and changes in global financial markets.</p>\n<p>Mr. Liu also said the current exchange-rate system was suitable for China. A researcher at the central bank recently called for China to stop controlling the rate to promote greater international use of the yuan. Another suggested the yuan should be allowed to rally, to offset rising prices for imported commodities.</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>China’s Yuan Hits Strongest Level in Nearly Three Years</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\">\nChina’s Yuan Hits Strongest Level in Nearly Three Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/chinas-yuan-hits-strongest-level-in-nearly-three-years-11621950836?cx_testId=200&cx_testVariant=cx_10&cx_artPos=1#cxrecs_s><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The currency has been buoyed by the country’s rapid recovery from the coronavirus pandemic.\n\nChina’s yuan has strengthened to a near-three-year high, boosted by a falling dollar despite attempts by ...</p>\n\n<a href=\"https://www.wsj.com/articles/chinas-yuan-hits-strongest-level-in-nearly-three-years-11621950836?cx_testId=200&cx_testVariant=cx_10&cx_artPos=1#cxrecs_s\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.wsj.com/articles/chinas-yuan-hits-strongest-level-in-nearly-three-years-11621950836?cx_testId=200&cx_testVariant=cx_10&cx_artPos=1#cxrecs_s","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182975704","content_text":"The currency has been buoyed by the country’s rapid recovery from the coronavirus pandemic.\n\nChina’s yuan has strengthened to a near-three-year high, boosted by a falling dollar despite attempts by the central bank to keep the currency in check.\nThe yuan has been buoyed in recent months by the country’s rapid recovery from the coronavirus pandemic, and by a rush of international investment into China’s relatively high-yielding markets. The currency has also gained amid abroader bout of dollar weakness.\nOn Tuesday, the offshore yuan strengthened below 6.4 per dollar, as Chinese stocks jumped thanks partly to a surge in foreign buying.\nBeijing would want to see slower yuan appreciationto support the economy, which is still fairly dependent on selling goods abroad, said Alvin Tan, head of Asia foreign-exchange strategy at RBC Capital Markets. While Chinese exports have surged since last year,a rallying yuan pressures exportersby making their goods more expensive when priced in dollars.\nMr. Tan said the People’s Bank of China had been “leaning against the strength” of the currency by setting weaker-than-expected reference rates for onshore yuan trading for the past month.\nThe central bank fixes a daily midpoint for the onshore yuan, and only allows trading up to 2 percentage points above or below this level. This is part of a so-called managed floating-exchange-rate system based on the yuan’s value against a basket of currencies.\nThe yuan is likely to stay between 6.4 and 6.5 to a dollar, while further appreciation could prompt stronger central bank action, said Paul Sandhu, head of multiasset quant solutions for Asia-Pacific at BNP Paribas Asset Management.\n“The government is quite happy with the range it is sitting at. If it breaks 6.4 and stays there for some time, they may move in to do something,” Mr. Sandhu said.\nOn Tuesday in Hong Kong, the offshore yuan rallied about 0.2% to 6.3988 to the dollar, a level last hit in June 2018. The dollar weakened, with theICEU.S. Dollar Index declining nearly 0.3% to 89.61, its lowest since early January.\nChina’s CSI 300 index, a gauge of the biggest shares listed in either Shanghai or Shenzhen, jumped 3.2%. Net foreign buying of mainland Chinese shares through Stock Connect, a trading link with Hong Kong, hit a record daily high of 21.7 billion yuan, or the equivalent of $3.4 billion.\nTuesday’s yuan strength was also likely due in part to the coming month-end, before which exporters normally sell earnings in foreign currency to buy yuan, said Khoon Goh, head of Asia research atAustralia and New Zealand Banking GroupLtd.in Singapore.\nThe central bank is eager to promote the idea that the currency won’t be volatile, but that it also won’t be a one-way bet for investors. On Sunday, a senior central-bank official said the yuan will remain “basically stable.” Liu Guoqiang, a deputy governor, said fluctuations in either direction will become the norm, with the exchange rate depending on supply and demand, and changes in global financial markets.\nMr. Liu also said the current exchange-rate system was suitable for China. A researcher at the central bank recently called for China to stop controlling the rate to promote greater international use of the yuan. Another suggested the yuan should be allowed to rally, to offset rising prices for imported commodities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130984454,"gmtCreate":1621504273478,"gmtModify":1704358699993,"author":{"id":"3582797935139516","authorId":"3582797935139516","name":"Anniechen169","avatar":"https://static.tigerbbs.com/7bec4ffe1feb85552d3a51d33d922b1b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582797935139516","authorIdStr":"3582797935139516"},"themes":[],"htmlText":"Up and up","listText":"Up and up","text":"Up and up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/130984454","repostId":"2136237739","repostType":4,"repost":{"id":"2136237739","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1621503605,"share":"https://ttm.financial/m/news/2136237739?lang=&edition=fundamental","pubTime":"2021-05-20 17:40","market":"us","language":"en","title":"5 Stocks To Watch For May 20, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2136237739","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:","content":"<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b> Hormel Foods Corp</b> (NYSE:HRL) to report quarterly earnings at $0.41 per share on revenue of $2.42 billion before the opening bell. Hormel shares gained 0.2% to $46.05 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/LB\">L Brands Inc</a></b> (NYSE:LB) reported better-than-expected earnings for its first quarter and issued strong earnings forecast for the current quarter. The company named Wendy Arlin as Bath &amp; Body Works CFO and Tim Johnson as Victoria's Secret CFO. L Brands shares fell 2% to $65.95 in the after-hours trading session.</li>\n <li>Analysts are expecting <b> BJs Wholesale Club Holdings Inc</b> (NYSE:BJ) to have earned $0.57 per share on revenue of $3.62 billion for the latest quarter. The company will release earnings before the markets open. BJs Wholesale shares rose 1.2% to $49.14 in after-hours trading.</li>\n</ul>\n<ul>\n <li><b>Cisco Systems Inc</b> (NASDAQ:CSCO) reported upbeat results for its third quarter, but issued weak profit forecast for the current quarter. Cisco shares dropped 5.6% to $49.52 in the after-hours trading session.</li>\n <li>Analysts expect <b> Applied Materials, Inc.</b> (NASDAQ:AMAT) to post quarterly earnings at $1.51 per share on revenue of $5.41 billion after the closing bell. Applied Materials shares gained 2.5% to close at $124.80 on Wednesday.</li>\n</ul>","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>5 Stocks To Watch For May 20, 2021</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\">\n5 Stocks To Watch For May 20, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-20 17:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b> Hormel Foods Corp</b> (NYSE:HRL) to report quarterly earnings at $0.41 per share on revenue of $2.42 billion before the opening bell. Hormel shares gained 0.2% to $46.05 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/LB\">L Brands Inc</a></b> (NYSE:LB) reported better-than-expected earnings for its first quarter and issued strong earnings forecast for the current quarter. The company named Wendy Arlin as Bath &amp; Body Works CFO and Tim Johnson as Victoria's Secret CFO. L Brands shares fell 2% to $65.95 in the after-hours trading session.</li>\n <li>Analysts are expecting <b> BJs Wholesale Club Holdings Inc</b> (NYSE:BJ) to have earned $0.57 per share on revenue of $3.62 billion for the latest quarter. The company will release earnings before the markets open. BJs Wholesale shares rose 1.2% to $49.14 in after-hours trading.</li>\n</ul>\n<ul>\n <li><b>Cisco Systems Inc</b> (NASDAQ:CSCO) reported upbeat results for its third quarter, but issued weak profit forecast for the current quarter. Cisco shares dropped 5.6% to $49.52 in the after-hours trading session.</li>\n <li>Analysts expect <b> Applied Materials, Inc.</b> (NASDAQ:AMAT) to post quarterly earnings at $1.51 per share on revenue of $5.41 billion after the closing bell. Applied Materials shares gained 2.5% to close at $124.80 on Wednesday.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRL":"荷美尔","BJ":"BJ批发俱乐部","LB":"LandBridge Co. LLC","CSCO":"思科"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136237739","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects  Hormel Foods Corp (NYSE:HRL) to report quarterly earnings at $0.41 per share on revenue of $2.42 billion before the opening bell. Hormel shares gained 0.2% to $46.05 in after-hours trading.\nL Brands Inc (NYSE:LB) reported better-than-expected earnings for its first quarter and issued strong earnings forecast for the current quarter. The company named Wendy Arlin as Bath & Body Works CFO and Tim Johnson as Victoria's Secret CFO. L Brands shares fell 2% to $65.95 in the after-hours trading session.\nAnalysts are expecting  BJs Wholesale Club Holdings Inc (NYSE:BJ) to have earned $0.57 per share on revenue of $3.62 billion for the latest quarter. The company will release earnings before the markets open. BJs Wholesale shares rose 1.2% to $49.14 in after-hours trading.\n\n\nCisco Systems Inc (NASDAQ:CSCO) reported upbeat results for its third quarter, but issued weak profit forecast for the current quarter. Cisco shares dropped 5.6% to $49.52 in the after-hours trading session.\nAnalysts expect  Applied Materials, Inc. (NASDAQ:AMAT) to post quarterly earnings at $1.51 per share on revenue of $5.41 billion after the closing bell. Applied Materials shares gained 2.5% to close at $124.80 on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}