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2021-06-03

Damnnn

Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today

2021-05-06

Wow!

Think Stocks Will Crash in May? Do These 4 Things Now

2021-05-12

Hopefully 3rd qtr will be better

Toplines Before US Market Open on Wednesday

2021-06-03

Haha

AMC: Hedge Fund 1-0 Reddit Army

2021-05-06

Amazing

Tapestry, Inc. Reports Fiscal 2021 Third Quarter Results

Go to Tiger App to see more news

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Normally, capital raises cause stock prices to fall, not increase. The hedge fund looks to have turned the tables on the Reddit army.</p>\n<p><b>Reason for AMC's price reaction</b></p>\n<p>Movie theater company AMC just did what a lot of companies do that have a lot of debt to service and need to confront an uncertain future… they offer new shares to investors and use the funds as a life line to survive.</p>\n<p>AMC issued&nbsp;8,500,000 shares&nbsp;for $230,500,000 to an investment firm named Mudrick Capital Management, LP. The investment firm has a focus on event-driven investing and distressed debt.</p>\n<p>AMC said that it will use the proceeds from the capital raise for the \"pursuit of value creating acquisitions of theater assets and leases, as well as investments to enhance the consumer appeal of its theaters\".</p>\n<p>Fresh capital is much needed. AMC's revenues cratered during the pandemic and the theater chain is still suffering from COVID-19 shutdown restrictions and social distancing regulations.</p>\n<p>Although AMC's revenues are expected to bounce back this year as the pandemic seemingly comes to an end, COVID-19 may have changed movie viewing habits permanently.</p>\n<p>One big challenge for AMC will be to get viewers back into its movie theaters. Streaming already was a competitive threat to the industry before COVID-19 and the pandemic may have accelerated this trend. A lot of people seem to have&nbsp;serious anxiety&nbsp;regarding a lockdown exit, so there is a valid question to be asked if movie theaters can really return to normal once the pandemic ends.</p>\n<p>But back to AMC's announcement.</p>\n<p>Shares of AMC surged 23% on Tuesday, which brings the total year-to-date return to more than 1,500%.</p>\n<p>Looking at the technical situation of AMC… shares are now very, very much overbought...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eda20bf9503e3abf095e0fb05639597b\" tg-width=\"1267\" tg-height=\"727\"><span>(Source: TradingView)</span></p>\n<p>AMC's trading volume on Tuesday was almost 500% the average trading volume with almost half a billion shares being bought and sold…</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/188015773070c85dac8627ef00d7320a\" tg-width=\"418\" tg-height=\"287\"><span>(Source: ShortSqueeze)</span></p>\n<p>However, the price reaction literally makes no sense given that the firm announced a capital raise, which increases the number of shares. As more shares are issued, the firms EPS is poised to decline as earnings are distributed over a larger amount of outstanding shares. The reaction to a capital raise is typically for the share price to fall, not to increase.</p>\n<p>AMC now has a market capitalization of $14.4b compared to less than $1b in January...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/466ba9dd813555ed3675587a5cc6c834\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p><b>A hedge fund is turning the tables on the Reddit army…</b></p>\n<p>Mudrick Capital Management is said to have already&nbsp;exited its position&nbsp;in AMC after making a quick 20% on Tuesday. So Mudrick Capital Management is not a long term investor that is bringing its distressed debt and special situation expertise to AMC… the whole thing was really just a quick flip as the investment firm offloaded overpriced shares to retail investors that continue to buy into the frenzy because they hope for a short squeeze. The firm itself brazenly called AMC \"massively overvalued.\" If the firm made a 20% return on its invested capital, it secured $46m in profits yesterday… not bad for a day's work!</p>\n<p>While AMC was likely happy to get an equity raise done at this valuation, the hedge fund sold its stake faster than AMC could get the filing about its unregistered sale of equity securities out...</p>\n<p><b>Extreme volatility and risks...</b></p>\n<p>AMC's valuation has become even more ludicrous on Tuesday than it already was before. The movie theater chain, which was close to bankruptcy just a few months ago, now trades at a P-S ratio of 3.</p>\n<p>Cinemark Holdings (CNK), a theater rival which may itself be overvalued, trades at a P-S ratio of 1.0.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81c3d9572182dca54c798bab323e99b2\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>The risk here is immeasurable because neither the price action nor the valuation makes any sense for AMC.</p>\n<p>AMC's price should have gone down yesterday, not up because a capital raise is dilutive... but nothing makes sense anymore when it comes to AMC.</p>\n<p>AMC is trading independently of its business numbers and growth prospects and the risk of losing everything in this \"investment\" is extremely high.</p>\n<p><b>Closing thoughts</b></p>\n<p>A hedge fund just had a big victory and nobody seems to notice or care.</p>\n<p>You literally had a hedge fund flipping its stake in AMC to the Reddit army at a massively overpriced valuation and explicitly calling AMC \"overvalued.\" It can't get any more brazen than this. Please be careful.</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>AMC: Hedge Fund 1-0 Reddit Army</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\">\nAMC: Hedge Fund 1-0 Reddit Army\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432676-amc-hedge-fund-reddit-army><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nShares of AMC surged 23% on news of a private share placement.\nPrivate share placements dilute shareholders and AMC's price should have gone down, not surged.\nIt looks as if this hedge fund ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432676-amc-hedge-fund-reddit-army\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4432676-amc-hedge-fund-reddit-army","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178258633","content_text":"Summary\n\nShares of AMC surged 23% on news of a private share placement.\nPrivate share placements dilute shareholders and AMC's price should have gone down, not surged.\nIt looks as if this hedge fund just monetized the Reddit army.\n\nPhoto by Tom Cooper/Getty Images Entertainment via Getty Images\nShares of AMC Entertainment (AMC) surged another 23% on Tuesday after the movie theater chain announced a private placement of shares to an investment fund. Normally, capital raises cause stock prices to fall, not increase. The hedge fund looks to have turned the tables on the Reddit army.\nReason for AMC's price reaction\nMovie theater company AMC just did what a lot of companies do that have a lot of debt to service and need to confront an uncertain future… they offer new shares to investors and use the funds as a life line to survive.\nAMC issued 8,500,000 shares for $230,500,000 to an investment firm named Mudrick Capital Management, LP. The investment firm has a focus on event-driven investing and distressed debt.\nAMC said that it will use the proceeds from the capital raise for the \"pursuit of value creating acquisitions of theater assets and leases, as well as investments to enhance the consumer appeal of its theaters\".\nFresh capital is much needed. AMC's revenues cratered during the pandemic and the theater chain is still suffering from COVID-19 shutdown restrictions and social distancing regulations.\nAlthough AMC's revenues are expected to bounce back this year as the pandemic seemingly comes to an end, COVID-19 may have changed movie viewing habits permanently.\nOne big challenge for AMC will be to get viewers back into its movie theaters. Streaming already was a competitive threat to the industry before COVID-19 and the pandemic may have accelerated this trend. A lot of people seem to have serious anxiety regarding a lockdown exit, so there is a valid question to be asked if movie theaters can really return to normal once the pandemic ends.\nBut back to AMC's announcement.\nShares of AMC surged 23% on Tuesday, which brings the total year-to-date return to more than 1,500%.\nLooking at the technical situation of AMC… shares are now very, very much overbought...\n(Source: TradingView)\nAMC's trading volume on Tuesday was almost 500% the average trading volume with almost half a billion shares being bought and sold…\n(Source: ShortSqueeze)\nHowever, the price reaction literally makes no sense given that the firm announced a capital raise, which increases the number of shares. As more shares are issued, the firms EPS is poised to decline as earnings are distributed over a larger amount of outstanding shares. The reaction to a capital raise is typically for the share price to fall, not to increase.\nAMC now has a market capitalization of $14.4b compared to less than $1b in January...\nData by YCharts\nA hedge fund is turning the tables on the Reddit army…\nMudrick Capital Management is said to have already exited its position in AMC after making a quick 20% on Tuesday. So Mudrick Capital Management is not a long term investor that is bringing its distressed debt and special situation expertise to AMC… the whole thing was really just a quick flip as the investment firm offloaded overpriced shares to retail investors that continue to buy into the frenzy because they hope for a short squeeze. The firm itself brazenly called AMC \"massively overvalued.\" If the firm made a 20% return on its invested capital, it secured $46m in profits yesterday… not bad for a day's work!\nWhile AMC was likely happy to get an equity raise done at this valuation, the hedge fund sold its stake faster than AMC could get the filing about its unregistered sale of equity securities out...\nExtreme volatility and risks...\nAMC's valuation has become even more ludicrous on Tuesday than it already was before. The movie theater chain, which was close to bankruptcy just a few months ago, now trades at a P-S ratio of 3.\nCinemark Holdings (CNK), a theater rival which may itself be overvalued, trades at a P-S ratio of 1.0.\nData by YCharts\nThe risk here is immeasurable because neither the price action nor the valuation makes any sense for AMC.\nAMC's price should have gone down yesterday, not up because a capital raise is dilutive... but nothing makes sense anymore when it comes to AMC.\nAMC is trading independently of its business numbers and growth prospects and the risk of losing everything in this \"investment\" is extremely high.\nClosing thoughts\nA hedge fund just had a big victory and nobody seems to notice or care.\nYou literally had a hedge fund flipping its stake in AMC to the Reddit army at a massively overpriced valuation and explicitly calling AMC \"overvalued.\" It can't get any more brazen than this. Please be careful.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118954770,"gmtCreate":1622715411690,"gmtModify":1704189523970,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Damnnn","listText":"Damnnn","text":"Damnnn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/118954770","repostId":"1128542350","repostType":4,"repost":{"id":"1128542350","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":1622710475,"share":"https://ttm.financial/m/news/1128542350?lang=&edition=fundamental","pubTime":"2021-06-03 16:54","market":"us","language":"en","title":"Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1128542350","media":"Tiger Newspress","summary":"Major employers are signaling their growing support of marijuana reform.","content":"<p>Major employers are signaling their growing support of marijuana reform.</p><p><b>What happened</b></p><p>Cannabis companies received a boost after&nbsp;<b>Amazon</b>&nbsp;said it would support federal marijuana legalization efforts.<b>Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis</b>&nbsp;and&nbsp;<b>Cronos&nbsp;</b>rose between 2% and 25%&nbsp;in premarket trading., respectively, on the news.</p><p><img src=\"https://static.tigerbbs.com/5ea74b81647fb2efe6bfb94092464ec7\" tg-width=\"378\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>So what</b></p><p>Amazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.</p><p>\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.</p><p>Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.</p><p>\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"</p><p><b>Now what</b></p><p>The news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.</p><p>Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.</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>Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared 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\">\nHere's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today\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\">2021-06-03 16:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Major employers are signaling their growing support of marijuana reform.</p><p><b>What happened</b></p><p>Cannabis companies received a boost after&nbsp;<b>Amazon</b>&nbsp;said it would support federal marijuana legalization efforts.<b>Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis</b>&nbsp;and&nbsp;<b>Cronos&nbsp;</b>rose between 2% and 25%&nbsp;in premarket trading., respectively, on the news.</p><p><img src=\"https://static.tigerbbs.com/5ea74b81647fb2efe6bfb94092464ec7\" tg-width=\"378\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>So what</b></p><p>Amazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.</p><p>\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.</p><p>Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.</p><p>\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"</p><p><b>Now what</b></p><p>The news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.</p><p>Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CGC":"Canopy Growth Corporation","MJ":"Amplify Alternative Harvest ETF","AMZN":"亚马逊","ACB":"奥罗拉大麻公司","CRON":"Cronos Group Inc.","TLRY":"Tilray Inc.","SNDL":"SNDL Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128542350","content_text":"Major employers are signaling their growing support of marijuana reform.What happenedCannabis companies received a boost after Amazon said it would support federal marijuana legalization efforts.Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis and Cronos rose between 2% and 25% in premarket trading., respectively, on the news.So whatAmazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"Now whatThe news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193755842,"gmtCreate":1620823472386,"gmtModify":1704348919177,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Hopefully 3rd qtr will be better","listText":"Hopefully 3rd qtr will be better","text":"Hopefully 3rd qtr will be better","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193755842","repostId":"1199419646","repostType":4,"repost":{"id":"1199419646","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":1620821174,"share":"https://ttm.financial/m/news/1199419646?lang=&edition=fundamental","pubTime":"2021-05-12 20:06","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1199419646","media":"Tiger Newspress","summary":"Futures fall with tech sell-off set to resume.All eyes on inflation data.Big Tech stocks fell, most of Blockchain stocks fell. U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nv","content":"<ul><li>Futures fall with tech sell-off set to resume.</li><li>All eyes on inflation data.</li><li>Big Tech&nbsp;stocks&nbsp;fell,&nbsp;most of Blockchain stocks fell.</li></ul><p>(May 12)&nbsp;U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.</p><p>At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&amp;P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.</p><p><img src=\"https://static.tigerbbs.com/5120147b1b1b1b2e4ba5ee22f2a9c5b1\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p>Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.</p><p><img src=\"https://static.tigerbbs.com/cbe33e7abdc1ecc97adbbadcf3eb22cc\" tg-width=\"334\" tg-height=\"325\" referrerpolicy=\"no-referrer\"></p><p>The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.</p><p>Most of Blockchain stocks fell&nbsp;in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/74c735d31c0161adccf2cf269531fde7\" tg-width=\"330\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p><b>All eyes on inflation data.</b>&nbsp;The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.</p><p>The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.</p><p>On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.</p><p><b>Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade &amp; more</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.</p><p><b>2)&nbsp;Wendy’s(WEN)</b> – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.</p><p><b>3)&nbsp;fuboTV(FUBO)</b> – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.</p><p><img src=\"https://static.tigerbbs.com/de2c0847cbfcd4b46e6438368340ca8a\" tg-width=\"766\" tg-height=\"494\"></p><p><b>4)&nbsp;Wolverine World Wide(WWW)</b> – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.</p><p><b>5)&nbsp;Electronic Arts(EA)</b> – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.</p><p><b>6)&nbsp;Intuit(INTU)</b> – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.</p><p><b>7)&nbsp;Vizio(VZIO)</b> – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.</p><p><b>8)&nbsp;QuantumScape(QS)</b> – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.</p><p><b>9)&nbsp;Diageo(DEO)</b> – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.</p><p><b>10)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.</p><p><b>11)&nbsp;Kontoor Brands(KTB)</b> – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.</p><p><b>12)&nbsp;Lemonade(LMND) </b>– The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.</p><p><b>13)&nbsp;Unity Software(U)</b> – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.</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>Toplines Before US Market Open on Wednesday</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\">\nToplines Before US Market Open on Wednesday\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\">2021-05-12 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Futures fall with tech sell-off set to resume.</li><li>All eyes on inflation data.</li><li>Big Tech&nbsp;stocks&nbsp;fell,&nbsp;most of Blockchain stocks fell.</li></ul><p>(May 12)&nbsp;U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.</p><p>At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&amp;P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.</p><p><img src=\"https://static.tigerbbs.com/5120147b1b1b1b2e4ba5ee22f2a9c5b1\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p>Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.</p><p><img src=\"https://static.tigerbbs.com/cbe33e7abdc1ecc97adbbadcf3eb22cc\" tg-width=\"334\" tg-height=\"325\" referrerpolicy=\"no-referrer\"></p><p>The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.</p><p>Most of Blockchain stocks fell&nbsp;in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/74c735d31c0161adccf2cf269531fde7\" tg-width=\"330\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p><b>All eyes on inflation data.</b>&nbsp;The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.</p><p>The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.</p><p>On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.</p><p><b>Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade &amp; more</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.</p><p><b>2)&nbsp;Wendy’s(WEN)</b> – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.</p><p><b>3)&nbsp;fuboTV(FUBO)</b> – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.</p><p><img src=\"https://static.tigerbbs.com/de2c0847cbfcd4b46e6438368340ca8a\" tg-width=\"766\" tg-height=\"494\"></p><p><b>4)&nbsp;Wolverine World Wide(WWW)</b> – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.</p><p><b>5)&nbsp;Electronic Arts(EA)</b> – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.</p><p><b>6)&nbsp;Intuit(INTU)</b> – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.</p><p><b>7)&nbsp;Vizio(VZIO)</b> – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.</p><p><b>8)&nbsp;QuantumScape(QS)</b> – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.</p><p><b>9)&nbsp;Diageo(DEO)</b> – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.</p><p><b>10)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.</p><p><b>11)&nbsp;Kontoor Brands(KTB)</b> – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.</p><p><b>12)&nbsp;Lemonade(LMND) </b>– The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.</p><p><b>13)&nbsp;Unity Software(U)</b> – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199419646","content_text":"Futures fall with tech sell-off set to resume.All eyes on inflation data.Big Tech stocks fell, most of Blockchain stocks fell.(May 12) U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.Most of Blockchain stocks fell in premarket trading.All eyes on inflation data. The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade & more1) Amazon.com(AMZN) – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.2) Wendy’s(WEN) – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.3) fuboTV(FUBO) – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.4) Wolverine World Wide(WWW) – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.5) Electronic Arts(EA) – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.6) Intuit(INTU) – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.7) Vizio(VZIO) – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.8) QuantumScape(QS) – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.9) Diageo(DEO) – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.10) Lordstown Motors(RIDE) – Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.11) Kontoor Brands(KTB) – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.12) Lemonade(LMND) – The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.13) Unity Software(U) – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105204892,"gmtCreate":1620303858116,"gmtModify":1704341612845,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Wow!&nbsp;","listText":"Wow!&nbsp;","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/105204892","repostId":"2133387578","repostType":4,"repost":{"id":"2133387578","pubTimestamp":1620296700,"share":"https://ttm.financial/m/news/2133387578?lang=&edition=fundamental","pubTime":"2021-05-06 18:25","market":"us","language":"en","title":"Think Stocks Will Crash in May? Do These 4 Things Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2133387578","media":"Motley Fool","summary":"Stock market downturns can be daunting. Here's what you need to do to prepare.","content":"<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.</p>\n<p>Of course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced <a href=\"https://laohu8.com/S/AONE\">one</a> before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.</p>\n<h2>1. Pad your emergency savings</h2>\n<p>What does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.</p>\n<h2>2. Diversify</h2>\n<p>A diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an <b>S&amp;P 500</b> index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.</p>\n<h2>3. Add dividend stocks to your portfolio</h2>\n<p>Companies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.</p>\n<h2>4. Stockpile some cash</h2>\n<p>Market crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.</p>\n<p>Even if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Think Stocks Will Crash in May? Do These 4 Things Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThink Stocks Will Crash in May? Do These 4 Things Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133387578","content_text":"When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.\nOf course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced one before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.\n1. Pad your emergency savings\nWhat does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.\n2. Diversify\nA diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in one or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an S&P 500 index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.\n3. Add dividend stocks to your portfolio\nCompanies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.\n4. Stockpile some cash\nMarket crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.\nEven if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105205776,"gmtCreate":1620303770995,"gmtModify":1704341612038,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Amazing","listText":"Amazing","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105205776","repostId":"2133578813","repostType":4,"repost":{"id":"2133578813","pubTimestamp":1620297900,"share":"https://ttm.financial/m/news/2133578813?lang=&edition=fundamental","pubTime":"2021-05-06 18:45","market":"us","language":"en","title":"Tapestry, Inc. Reports Fiscal 2021 Third Quarter Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2133578813","media":"Business Wire","summary":"Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels\n\nDro","content":"<p><b><i>Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels</i></b></p>\n<ul>\n <li><b>Drove Sequential Improvement in Topline Trends and Outperformed Third Quarter Revenue Outlook</b></li>\n <li><b>Generated Triple-Digit Increase in Global Digital Sales, Fueled by New Customer Acquisition</b></li>\n <li><b>Delivered Strong Gross Margin Expansion Across Brands</b></li>\n <li><b>Now On Track to Exceed FY19 EPS for the Fiscal Year</b></li>\n</ul>\n<p>Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today reported results for the fiscal third quarter ended March 27, 2021.</p>\n<p>This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210506005339/en/</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b261ea55dcdf189152ebd4be8ba97de\" tg-width=\"353\" tg-height=\"480\"><span> (Photo: Business Wire)</span></p>\n<p>Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, \"Our third quarter results significantly outpaced expectations, underscoring the power of the Acceleration Program and enthusiasm for our brands. Through a sharpened focus on the consumer, we fueled new customer acquisition at Coach, Kate Spade, and Stuart Weitzman and delivered robust sales growth led by Digital and China. Importantly, for the third consecutive quarter, we achieved operating income gains – compared to both FY20 and FY19 – supported by a continued reduction in promotional activity, higher AUR, and disciplined expense management. This performance is a testament to our talented teams around the world, whose creativity, agility, and resilience have enabled us to successfully navigate a challenging backdrop and deliver for our customers, while positioning Tapestry to emerge from the pandemic stronger.\"</p>\n<p>Ms. Crevoiserat continued, \"Building on this momentum, we are increasingly optimistic about our ability to generate sustainable top and bottom-line growth. Looking forward, while the environment remains volatile, we see encouraging signs of recovery as vaccination efforts progress, resulting in increased consumer confidence, strong demand for our categories, and improving in-store traffic trends. In this context, we remain focused on driving brand relevance and customer engagement through product innovation and compelling marketing, supported by data-driven insights and a digital-first mindset. We will also continue to lean into our competitive advantages, including our globally diversified, direct-to-consumer model, and distort investments to high-growth opportunities. We are confident that our clear, consumer-centric strategy, powerful brands, and differentiated, scalable platform uniquely position us to capture market share at higher levels of profitability.\"</p>\n<p><b>Tapestry, Inc. Fiscal Third Quarter 2021 Highlights</b></p>\n<ul>\n <li>Achieved sequential improvement in year-over-year revenue trends compared to both FY20 and FY19</li>\n <li>Realized continued momentum in Digital, driving triple-digit growth versus prior year, while improving revenue trends in-stores on both a <a href=\"https://laohu8.com/S/AONE\">one</a> and two-year basis</li>\n <li>Posted a revenue increase of approximately 175% in Mainland China versus FY20 and 40% growth compared to FY19</li>\n <li>Drove a mid-teens sales increase versus prior year in North America, representing a return to pre-pandemic levels</li>\n <li>Expanded gross margin across brands year-over-year, primarily driven by lower, more disciplined promotional activity overall</li>\n <li>Reduced SG&amp;A costs compared to last year, reflecting effective expense management and previously announced actions to transform the Company’s operating model, while reinvesting in the business and increasing marketing spend</li>\n <li>Delivered operating income growth and margin expansion – ahead of both FY20 and FY19 – for the third consecutive quarter</li>\n <li>Generated $876 million of free cash flow year-to-date, underscoring the Company’s financial strength and flexibility</li>\n</ul>\n<p><b>Acceleration Program Highlights</b></p>\n<p>In the fiscal third quarter, the Company made meaningful progress against its Acceleration Program to sharpen its focus on the consumer, leverage data to lead with a digital-first mindset and transform into a leaner and more responsive organization:</p>\n<ul>\n <li><b>Recruited approximately 700,000 new customers through our e-commerce channels in North America</b>, a meaningful increase versus prior year, as we continue to meet consumers where they choose to shop and leverage social media platforms to build awareness and drive engagement, notably with Millennial and Gen Z consumers;</li>\n <li><b>Delivered an increase in purchase frequency</b> versus prior year through enhanced and consistent brand experiences across touchpoints and <b>reactivated lapsed customers across brands</b>;</li>\n <li><b>Achieved significant growth in China compared to both FY20 and FY19 </b>through integrated, comprehensive brand-building strategies, bringing innovative product, marketing, and experiences to Chinese consumers; <b>Drove revenue gains with Chinese consumers globally</b> compared to pre-pandemic levels;</li>\n <li><b>Effectively reduced SKU counts by 30% to 50% and improved assortment productivity</b>, resulting in more focused product messaging and compelling offerings, which in turn, contributed to stronger overall AUR and gross margin through higher IMUs and lower promotional activity;</li>\n <li><b>Utilized data and analytics tools across Tapestry’s platform</b> to provide us with a deeper understanding of customer behavior through measurement, enabling a ‘test-and-learn’ environment that empowers our teams to more quickly respond to changes in consumer preferences and demand as well as <b>scale opportunities across brands</b>;</li>\n <li><b>Continued to enhance the flexibility of our operating model,</b> through a streamlined organizational structure and <b>optimized global fleet</b>, with 49 net closures year-to-date, representing a net decrease of 94 stores from the prior year; <b>Remain on track to achieve gross run-rate savings of $300 million</b>, including gross savings of $200 million in fiscal 2021<b>. </b></li>\n</ul>\n<p>Through these initiatives, the Company is better meeting the needs of each of its brands' unique customers to drive engagement and desire for its products, creating a strong foundation for profitable expansion.</p>\n<p><b>Overview of Third Quarter 2021 Tapestry, Inc. Results</b></p>\n<ul>\n <li><b>Net sales </b>totaled $1.27 billion for the third quarter as compared to $1.07 billion in the prior year, representing a 19% increase<i>.</i></li>\n <li><b>Gross profit</b> totaled $912 million, while gross margin was 71.6% on both a reported and non-GAAP basis. This compared to prior year reported gross profit of $616 million and gross margin of 57.4%. On a non-GAAP basis, prior year gross profit was $720 million, while gross margin was 67.1%.</li>\n <li><b>SG&amp;A expenses</b> totaled $795 million on a reported basis and represented 62.5% of sales compared to $1.30 billion and 121.3%, respectively, in the year ago quarter. On a non-GAAP basis, SG&amp;A expenses were $729 million and represented 57.3% of sales as compared to $752 million and 70.1%, respectively, in the year ago period.</li>\n <li><b>Operating income</b> was $117 million on a reported basis, while operating margin was 9.2% versus an operating loss of $685 million and an operating margin of (63.9)% in the prior year. On a non-GAAP basis, operating income was $183 million, while operating margin was 14.4%, which compares to an operating loss of $32 million and an operating margin of (2.9)% in the prior year.</li>\n <li><b>Net interest expense </b>was $17 million in the quarter as compared to approximately $13 million in the year ago period.</li>\n <li><b>Other expense</b> was $4 million versus $6 million in the prior year.</li>\n <li><b>Net income </b>for the quarter was $92 million on a reported basis, with earnings per diluted share of $0.32. This compared to a net loss of $677 million with a loss per diluted share of $2.45 in the prior year period. The reported tax rate for the quarter was 3.8% compared to 4.0% in the prior year period. On a non-GAAP basis, net income for the quarter was $145 million with earnings per diluted share of $0.51. This compared to a non-GAAP net loss of $76 million with a loss per diluted share of $0.27 in the prior year period. The non-GAAP tax rate for the quarter was 10.3% compared to (48.2)% in the prior year.</li>\n <li><b>Inventory</b> was $700 million at quarter-end versus ending inventory of $853 million in the year ago period.</li>\n</ul>\n<p>Fiscal third quarter results by brand were as follows:</p>\n<p><b>Coach Third Quarter 2021 Results</b></p>\n<ul>\n <li><b>Net sales</b> for Coach totaled $964 million for the fiscal third quarter as compared to approximately $772 million in the prior year, representing an increase of 25% and a return to pre-pandemic revenue levels.</li>\n <li><b>Gross profit</b> for Coach totaled $718 million, while gross margin was 74.5% on both a reported and non-GAAP basis. This compared to prior year gross profit of $476 million and gross margin of 61.6% on a reported basis. On a non-GAAP basis, gross profit was $538 million, while gross margin was 69.6% in the year ago quarter.</li>\n <li><b>SG&amp;A expenses </b>for Coach<b> </b>were $467 million on a reported basis and represented 48.4% of sales compared to $438 million and 56.6%, respectively, in the year ago period. On a non-GAAP basis, SG&amp;A expenses were $442 million and represented 45.8% of sales compared to expenses of $421 million and 54.5% of sales in the prior year.</li>\n <li><b>Operating income</b> for Coach was $251 million compared to reported operating income of $38 million in the prior year, while operating margin was 26.1% versus 4.9% a year ago. On a non-GAAP basis, operating income was approximately $276 million compared to $116 million in the prior year, while operating margin was 28.7% versus 15.1% a year ago.<b> </b></li>\n</ul>\n<p><b>Kate Spade Third Quarter 2021 Results</b></p>\n<ul>\n <li><b>Net sales </b>for Kate Spade totaled $252 million for the fiscal third quarter as compared to $250 million in the prior year, representing an increase of 1%, which included an impact related to a strategic pullback in lower margin wholesale disposition sales.</li>\n <li><b>Gross profit</b> for Kate Spade totaled $160 million, while gross margin was 63.5% on a reported and non-GAAP basis. This compared to gross profit of approximately $123 million and gross margin of 49.1% in the prior year on a reported basis, and $155 million and 62.0%, respectively, on a non-GAAP basis.</li>\n <li><b>SG&amp;A expenses </b>for Kate Spade<b> </b>were $169 million on a reported basis and represented 66.9% of sales. This compared to reported SG&amp;A expenses of $214 million in the year ago period, which represented 85.7% of sales. On a non-GAAP basis, SG&amp;A expenses were $149 million and represented 58.9% of sales, which compared to $172 million and 68.9% of sales, respectively, in the prior year period.</li>\n <li><b>Operating loss </b>for Kate Spade<b> </b>was $9 million on a reported basis, representing an operating margin of (3.4)%. This compared to an operating loss of $91 million and an operating margin of (36.6)% on a reported basis in the year ago period. On a non-GAAP basis, operating income was approximately $12 million, while operating margin was 4.6%. This compared to an operating loss of $17 million and an operating margin of (6.9)% on a non-GAAP basis in the previous year.</li>\n</ul>\n<p><b>Stuart Weitzman Third Quarter 2021 Results </b></p>\n<ul>\n <li><b>Net sales </b>for Stuart Weitzman totaled $57 million for the fiscal third quarter compared to $51 million in the same period of the prior year, representing a 13% increase. These results included the negative impact of a North America wholesale timing shift into the fourth fiscal quarter.</li>\n <li><b>Gross profit </b>for Stuart Weitzman totaled $34 million on both a reported and non-GAAP basis, while gross margin for the quarter was 58.9%. This compared to prior year reported gross profit of $18 million and gross margin of 35.4%. On a non-GAAP basis, prior year gross profit was $28 million, while gross margin was 54.7%.</li>\n <li><b>SG&amp;A expenses </b>for Stuart Weitzman were $51 million on a reported basis, which compared to reported SG&amp;A expenses of $549 million in the year ago period. On a non-GAAP basis, SG&amp;A expenses were $42 million as compared to $63 million in the prior year period.</li>\n <li><b>Operating loss </b>for Stuart Weitzman<b> </b>was approximately $18 million on a reported basis, compared to an operating loss of $531 million in the year ago period. On a non-GAAP basis, operating loss was $8 million versus an operating loss of $35 million in the prior year.</li>\n</ul>\n<p><b>Non-GAAP Reconciliation</b><b> </b></p>\n<p>During the fiscal third quarter of 2021, the Company recorded the following charges on a reported basis:</p>\n<ul>\n <li><b>Impairment: </b>$46 million of pre-tax charges related to store assets primarily as a result of the continued impact of Covid-19.</li>\n <li><b>Acceleration Program</b>: $20 million of pre-tax charges primarily associated with professional fees incurred as a result of the development and execution of the Company’s comprehensive strategic initiatives, as well as actions to streamline the Company's organization, which includes severance. The Company now expects to incur total charges of $205 to $220 million over the life of the Acceleration Program, including $50 to $65 million in remaining charges. The majority of these future costs are estimated to be cash.</li>\n</ul>\n<p>Taken together, these items decreased the Company’s net income and earnings per diluted share by $53 million and $0.19, respectively. Please refer to the financial tables included herein for a detailed reconciliation of the Company’s reported to non-GAAP results.</p>\n<p><b>Fiscal Year 2021 Outlook</b></p>\n<p>Due to the dynamic nature of the Covid-19 crisis and lack of visibility, the Company is not providing detailed guidance for fiscal 2021. However, given Tapestry’s better-than-anticipated results year-to-date, and assuming a continued recovery emerging from the pandemic, the Company now expects revenue for the fiscal year to increase at a mid-teens rate compared to prior year on both a 52 and 53-week basis<i>.</i> This outlook now includes the expectation for fiscal year 2021 operating income and earnings per diluted to share to increase versus fiscal year 2019 on a 52 and 53-week basis.</p>\n<p>The Company also notes that fiscal 2021 includes a 53rd week in its fourth fiscal quarter.</p>\n<p><b>Conference Call Details</b><b> </b></p>\n<p>The Company will host a conference call to review these results at 8:00 a.m. (ET) today, May 6, 2021. Interested parties may listen to the conference call via live webcast by accessing www.tapestry.com/investors on the Internet or calling 1-877-510-8087 or 1-862-298-9015 and providing the Conference ID 5689959. A telephone replay will be available starting at 12:00 p.m. (ET) today, for a period of five business days. To access the telephone replay, call 1-800-585-8367 or 1-404-537-3406 and enter the Conference ID 5689959. A webcast replay of the earnings conference call will also be available for five business days on the Tapestry website. Presentation slides have also been posted to the Company’s website at www.tapestry.com/investors.</p>\n<p><b>Upcoming Events</b></p>\n<p>The Company expects to report fiscal 2021 fourth quarter and full year results on Thursday, August 19, 2021. To receive notification of future announcements, please register at www.tapestry.com/investors (\"Subscribe to E-Mail Alerts\").</p>\n<p>Tapestry, Inc. is a New York-based house of modern luxury lifestyle brands. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman. Our Company and our brands are founded upon a creative and consumer-led view of luxury that stands for inclusivity and approachability. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.</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>Tapestry, Inc. Reports Fiscal 2021 Third Quarter 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\">\nTapestry, Inc. Reports Fiscal 2021 Third Quarter Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tapestry-inc-reports-fiscal-2021-104500275.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels\n\nDrove Sequential Improvement in Topline Trends and Outperformed Third Quarter Revenue Outlook\nGenerated...</p>\n\n<a href=\"https://finance.yahoo.com/news/tapestry-inc-reports-fiscal-2021-104500275.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TPR":"Tapestry Inc.","TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc."},"source_url":"https://finance.yahoo.com/news/tapestry-inc-reports-fiscal-2021-104500275.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2133578813","content_text":"Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels\n\nDrove Sequential Improvement in Topline Trends and Outperformed Third Quarter Revenue Outlook\nGenerated Triple-Digit Increase in Global Digital Sales, Fueled by New Customer Acquisition\nDelivered Strong Gross Margin Expansion Across Brands\nNow On Track to Exceed FY19 EPS for the Fiscal Year\n\nTapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today reported results for the fiscal third quarter ended March 27, 2021.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210506005339/en/\n (Photo: Business Wire)\nJoanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, \"Our third quarter results significantly outpaced expectations, underscoring the power of the Acceleration Program and enthusiasm for our brands. Through a sharpened focus on the consumer, we fueled new customer acquisition at Coach, Kate Spade, and Stuart Weitzman and delivered robust sales growth led by Digital and China. Importantly, for the third consecutive quarter, we achieved operating income gains – compared to both FY20 and FY19 – supported by a continued reduction in promotional activity, higher AUR, and disciplined expense management. This performance is a testament to our talented teams around the world, whose creativity, agility, and resilience have enabled us to successfully navigate a challenging backdrop and deliver for our customers, while positioning Tapestry to emerge from the pandemic stronger.\"\nMs. Crevoiserat continued, \"Building on this momentum, we are increasingly optimistic about our ability to generate sustainable top and bottom-line growth. Looking forward, while the environment remains volatile, we see encouraging signs of recovery as vaccination efforts progress, resulting in increased consumer confidence, strong demand for our categories, and improving in-store traffic trends. In this context, we remain focused on driving brand relevance and customer engagement through product innovation and compelling marketing, supported by data-driven insights and a digital-first mindset. We will also continue to lean into our competitive advantages, including our globally diversified, direct-to-consumer model, and distort investments to high-growth opportunities. We are confident that our clear, consumer-centric strategy, powerful brands, and differentiated, scalable platform uniquely position us to capture market share at higher levels of profitability.\"\nTapestry, Inc. Fiscal Third Quarter 2021 Highlights\n\nAchieved sequential improvement in year-over-year revenue trends compared to both FY20 and FY19\nRealized continued momentum in Digital, driving triple-digit growth versus prior year, while improving revenue trends in-stores on both a one and two-year basis\nPosted a revenue increase of approximately 175% in Mainland China versus FY20 and 40% growth compared to FY19\nDrove a mid-teens sales increase versus prior year in North America, representing a return to pre-pandemic levels\nExpanded gross margin across brands year-over-year, primarily driven by lower, more disciplined promotional activity overall\nReduced SG&A costs compared to last year, reflecting effective expense management and previously announced actions to transform the Company’s operating model, while reinvesting in the business and increasing marketing spend\nDelivered operating income growth and margin expansion – ahead of both FY20 and FY19 – for the third consecutive quarter\nGenerated $876 million of free cash flow year-to-date, underscoring the Company’s financial strength and flexibility\n\nAcceleration Program Highlights\nIn the fiscal third quarter, the Company made meaningful progress against its Acceleration Program to sharpen its focus on the consumer, leverage data to lead with a digital-first mindset and transform into a leaner and more responsive organization:\n\nRecruited approximately 700,000 new customers through our e-commerce channels in North America, a meaningful increase versus prior year, as we continue to meet consumers where they choose to shop and leverage social media platforms to build awareness and drive engagement, notably with Millennial and Gen Z consumers;\nDelivered an increase in purchase frequency versus prior year through enhanced and consistent brand experiences across touchpoints and reactivated lapsed customers across brands;\nAchieved significant growth in China compared to both FY20 and FY19 through integrated, comprehensive brand-building strategies, bringing innovative product, marketing, and experiences to Chinese consumers; Drove revenue gains with Chinese consumers globally compared to pre-pandemic levels;\nEffectively reduced SKU counts by 30% to 50% and improved assortment productivity, resulting in more focused product messaging and compelling offerings, which in turn, contributed to stronger overall AUR and gross margin through higher IMUs and lower promotional activity;\nUtilized data and analytics tools across Tapestry’s platform to provide us with a deeper understanding of customer behavior through measurement, enabling a ‘test-and-learn’ environment that empowers our teams to more quickly respond to changes in consumer preferences and demand as well as scale opportunities across brands;\nContinued to enhance the flexibility of our operating model, through a streamlined organizational structure and optimized global fleet, with 49 net closures year-to-date, representing a net decrease of 94 stores from the prior year; Remain on track to achieve gross run-rate savings of $300 million, including gross savings of $200 million in fiscal 2021. \n\nThrough these initiatives, the Company is better meeting the needs of each of its brands' unique customers to drive engagement and desire for its products, creating a strong foundation for profitable expansion.\nOverview of Third Quarter 2021 Tapestry, Inc. Results\n\nNet sales totaled $1.27 billion for the third quarter as compared to $1.07 billion in the prior year, representing a 19% increase.\nGross profit totaled $912 million, while gross margin was 71.6% on both a reported and non-GAAP basis. This compared to prior year reported gross profit of $616 million and gross margin of 57.4%. On a non-GAAP basis, prior year gross profit was $720 million, while gross margin was 67.1%.\nSG&A expenses totaled $795 million on a reported basis and represented 62.5% of sales compared to $1.30 billion and 121.3%, respectively, in the year ago quarter. On a non-GAAP basis, SG&A expenses were $729 million and represented 57.3% of sales as compared to $752 million and 70.1%, respectively, in the year ago period.\nOperating income was $117 million on a reported basis, while operating margin was 9.2% versus an operating loss of $685 million and an operating margin of (63.9)% in the prior year. On a non-GAAP basis, operating income was $183 million, while operating margin was 14.4%, which compares to an operating loss of $32 million and an operating margin of (2.9)% in the prior year.\nNet interest expense was $17 million in the quarter as compared to approximately $13 million in the year ago period.\nOther expense was $4 million versus $6 million in the prior year.\nNet income for the quarter was $92 million on a reported basis, with earnings per diluted share of $0.32. This compared to a net loss of $677 million with a loss per diluted share of $2.45 in the prior year period. The reported tax rate for the quarter was 3.8% compared to 4.0% in the prior year period. On a non-GAAP basis, net income for the quarter was $145 million with earnings per diluted share of $0.51. This compared to a non-GAAP net loss of $76 million with a loss per diluted share of $0.27 in the prior year period. The non-GAAP tax rate for the quarter was 10.3% compared to (48.2)% in the prior year.\nInventory was $700 million at quarter-end versus ending inventory of $853 million in the year ago period.\n\nFiscal third quarter results by brand were as follows:\nCoach Third Quarter 2021 Results\n\nNet sales for Coach totaled $964 million for the fiscal third quarter as compared to approximately $772 million in the prior year, representing an increase of 25% and a return to pre-pandemic revenue levels.\nGross profit for Coach totaled $718 million, while gross margin was 74.5% on both a reported and non-GAAP basis. This compared to prior year gross profit of $476 million and gross margin of 61.6% on a reported basis. On a non-GAAP basis, gross profit was $538 million, while gross margin was 69.6% in the year ago quarter.\nSG&A expenses for Coach were $467 million on a reported basis and represented 48.4% of sales compared to $438 million and 56.6%, respectively, in the year ago period. On a non-GAAP basis, SG&A expenses were $442 million and represented 45.8% of sales compared to expenses of $421 million and 54.5% of sales in the prior year.\nOperating income for Coach was $251 million compared to reported operating income of $38 million in the prior year, while operating margin was 26.1% versus 4.9% a year ago. On a non-GAAP basis, operating income was approximately $276 million compared to $116 million in the prior year, while operating margin was 28.7% versus 15.1% a year ago. \n\nKate Spade Third Quarter 2021 Results\n\nNet sales for Kate Spade totaled $252 million for the fiscal third quarter as compared to $250 million in the prior year, representing an increase of 1%, which included an impact related to a strategic pullback in lower margin wholesale disposition sales.\nGross profit for Kate Spade totaled $160 million, while gross margin was 63.5% on a reported and non-GAAP basis. This compared to gross profit of approximately $123 million and gross margin of 49.1% in the prior year on a reported basis, and $155 million and 62.0%, respectively, on a non-GAAP basis.\nSG&A expenses for Kate Spade were $169 million on a reported basis and represented 66.9% of sales. This compared to reported SG&A expenses of $214 million in the year ago period, which represented 85.7% of sales. On a non-GAAP basis, SG&A expenses were $149 million and represented 58.9% of sales, which compared to $172 million and 68.9% of sales, respectively, in the prior year period.\nOperating loss for Kate Spade was $9 million on a reported basis, representing an operating margin of (3.4)%. This compared to an operating loss of $91 million and an operating margin of (36.6)% on a reported basis in the year ago period. On a non-GAAP basis, operating income was approximately $12 million, while operating margin was 4.6%. This compared to an operating loss of $17 million and an operating margin of (6.9)% on a non-GAAP basis in the previous year.\n\nStuart Weitzman Third Quarter 2021 Results \n\nNet sales for Stuart Weitzman totaled $57 million for the fiscal third quarter compared to $51 million in the same period of the prior year, representing a 13% increase. These results included the negative impact of a North America wholesale timing shift into the fourth fiscal quarter.\nGross profit for Stuart Weitzman totaled $34 million on both a reported and non-GAAP basis, while gross margin for the quarter was 58.9%. This compared to prior year reported gross profit of $18 million and gross margin of 35.4%. On a non-GAAP basis, prior year gross profit was $28 million, while gross margin was 54.7%.\nSG&A expenses for Stuart Weitzman were $51 million on a reported basis, which compared to reported SG&A expenses of $549 million in the year ago period. On a non-GAAP basis, SG&A expenses were $42 million as compared to $63 million in the prior year period.\nOperating loss for Stuart Weitzman was approximately $18 million on a reported basis, compared to an operating loss of $531 million in the year ago period. On a non-GAAP basis, operating loss was $8 million versus an operating loss of $35 million in the prior year.\n\nNon-GAAP Reconciliation \nDuring the fiscal third quarter of 2021, the Company recorded the following charges on a reported basis:\n\nImpairment: $46 million of pre-tax charges related to store assets primarily as a result of the continued impact of Covid-19.\nAcceleration Program: $20 million of pre-tax charges primarily associated with professional fees incurred as a result of the development and execution of the Company’s comprehensive strategic initiatives, as well as actions to streamline the Company's organization, which includes severance. The Company now expects to incur total charges of $205 to $220 million over the life of the Acceleration Program, including $50 to $65 million in remaining charges. The majority of these future costs are estimated to be cash.\n\nTaken together, these items decreased the Company’s net income and earnings per diluted share by $53 million and $0.19, respectively. Please refer to the financial tables included herein for a detailed reconciliation of the Company’s reported to non-GAAP results.\nFiscal Year 2021 Outlook\nDue to the dynamic nature of the Covid-19 crisis and lack of visibility, the Company is not providing detailed guidance for fiscal 2021. However, given Tapestry’s better-than-anticipated results year-to-date, and assuming a continued recovery emerging from the pandemic, the Company now expects revenue for the fiscal year to increase at a mid-teens rate compared to prior year on both a 52 and 53-week basis. This outlook now includes the expectation for fiscal year 2021 operating income and earnings per diluted to share to increase versus fiscal year 2019 on a 52 and 53-week basis.\nThe Company also notes that fiscal 2021 includes a 53rd week in its fourth fiscal quarter.\nConference Call Details \nThe Company will host a conference call to review these results at 8:00 a.m. (ET) today, May 6, 2021. Interested parties may listen to the conference call via live webcast by accessing www.tapestry.com/investors on the Internet or calling 1-877-510-8087 or 1-862-298-9015 and providing the Conference ID 5689959. A telephone replay will be available starting at 12:00 p.m. (ET) today, for a period of five business days. To access the telephone replay, call 1-800-585-8367 or 1-404-537-3406 and enter the Conference ID 5689959. A webcast replay of the earnings conference call will also be available for five business days on the Tapestry website. Presentation slides have also been posted to the Company’s website at www.tapestry.com/investors.\nUpcoming Events\nThe Company expects to report fiscal 2021 fourth quarter and full year results on Thursday, August 19, 2021. To receive notification of future announcements, please register at www.tapestry.com/investors (\"Subscribe to E-Mail Alerts\").\nTapestry, Inc. is a New York-based house of modern luxury lifestyle brands. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman. Our Company and our brands are founded upon a creative and consumer-led view of luxury that stands for inclusivity and approachability. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.","news_type":1},"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":118954770,"gmtCreate":1622715411690,"gmtModify":1704189523970,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Damnnn","listText":"Damnnn","text":"Damnnn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/118954770","repostId":"1128542350","repostType":4,"repost":{"id":"1128542350","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":1622710475,"share":"https://ttm.financial/m/news/1128542350?lang=&edition=fundamental","pubTime":"2021-06-03 16:54","market":"us","language":"en","title":"Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1128542350","media":"Tiger Newspress","summary":"Major employers are signaling their growing support of marijuana reform.","content":"<p>Major employers are signaling their growing support of marijuana reform.</p><p><b>What happened</b></p><p>Cannabis companies received a boost after&nbsp;<b>Amazon</b>&nbsp;said it would support federal marijuana legalization efforts.<b>Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis</b>&nbsp;and&nbsp;<b>Cronos&nbsp;</b>rose between 2% and 25%&nbsp;in premarket trading., respectively, on the news.</p><p><img src=\"https://static.tigerbbs.com/5ea74b81647fb2efe6bfb94092464ec7\" tg-width=\"378\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>So what</b></p><p>Amazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.</p><p>\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.</p><p>Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.</p><p>\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"</p><p><b>Now what</b></p><p>The news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.</p><p>Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.</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>Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared 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\">\nHere's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today\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\">2021-06-03 16:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Major employers are signaling their growing support of marijuana reform.</p><p><b>What happened</b></p><p>Cannabis companies received a boost after&nbsp;<b>Amazon</b>&nbsp;said it would support federal marijuana legalization efforts.<b>Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis</b>&nbsp;and&nbsp;<b>Cronos&nbsp;</b>rose between 2% and 25%&nbsp;in premarket trading., respectively, on the news.</p><p><img src=\"https://static.tigerbbs.com/5ea74b81647fb2efe6bfb94092464ec7\" tg-width=\"378\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>So what</b></p><p>Amazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.</p><p>\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.</p><p>Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.</p><p>\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"</p><p><b>Now what</b></p><p>The news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.</p><p>Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CGC":"Canopy Growth Corporation","MJ":"Amplify Alternative Harvest ETF","AMZN":"亚马逊","ACB":"奥罗拉大麻公司","CRON":"Cronos Group Inc.","TLRY":"Tilray Inc.","SNDL":"SNDL Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128542350","content_text":"Major employers are signaling their growing support of marijuana reform.What happenedCannabis companies received a boost after Amazon said it would support federal marijuana legalization efforts.Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis and Cronos rose between 2% and 25% in premarket trading., respectively, on the news.So whatAmazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"Now whatThe news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105204892,"gmtCreate":1620303858116,"gmtModify":1704341612845,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Wow!&nbsp;","listText":"Wow!&nbsp;","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/105204892","repostId":"2133387578","repostType":4,"repost":{"id":"2133387578","pubTimestamp":1620296700,"share":"https://ttm.financial/m/news/2133387578?lang=&edition=fundamental","pubTime":"2021-05-06 18:25","market":"us","language":"en","title":"Think Stocks Will Crash in May? Do These 4 Things Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2133387578","media":"Motley Fool","summary":"Stock market downturns can be daunting. Here's what you need to do to prepare.","content":"<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.</p>\n<p>Of course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced <a href=\"https://laohu8.com/S/AONE\">one</a> before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.</p>\n<h2>1. Pad your emergency savings</h2>\n<p>What does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.</p>\n<h2>2. Diversify</h2>\n<p>A diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an <b>S&amp;P 500</b> index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.</p>\n<h2>3. Add dividend stocks to your portfolio</h2>\n<p>Companies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.</p>\n<h2>4. Stockpile some cash</h2>\n<p>Market crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.</p>\n<p>Even if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Think Stocks Will Crash in May? Do These 4 Things Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThink Stocks Will Crash in May? Do These 4 Things Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133387578","content_text":"When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.\nOf course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced one before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.\n1. Pad your emergency savings\nWhat does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.\n2. Diversify\nA diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in one or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an S&P 500 index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.\n3. Add dividend stocks to your portfolio\nCompanies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.\n4. Stockpile some cash\nMarket crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.\nEven if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193755842,"gmtCreate":1620823472386,"gmtModify":1704348919177,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Hopefully 3rd qtr will be better","listText":"Hopefully 3rd qtr will be better","text":"Hopefully 3rd qtr will be better","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193755842","repostId":"1199419646","repostType":4,"repost":{"id":"1199419646","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":1620821174,"share":"https://ttm.financial/m/news/1199419646?lang=&edition=fundamental","pubTime":"2021-05-12 20:06","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1199419646","media":"Tiger Newspress","summary":"Futures fall with tech sell-off set to resume.All eyes on inflation data.Big Tech stocks fell, most of Blockchain stocks fell. U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nv","content":"<ul><li>Futures fall with tech sell-off set to resume.</li><li>All eyes on inflation data.</li><li>Big Tech&nbsp;stocks&nbsp;fell,&nbsp;most of Blockchain stocks fell.</li></ul><p>(May 12)&nbsp;U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.</p><p>At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&amp;P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.</p><p><img src=\"https://static.tigerbbs.com/5120147b1b1b1b2e4ba5ee22f2a9c5b1\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p>Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.</p><p><img src=\"https://static.tigerbbs.com/cbe33e7abdc1ecc97adbbadcf3eb22cc\" tg-width=\"334\" tg-height=\"325\" referrerpolicy=\"no-referrer\"></p><p>The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.</p><p>Most of Blockchain stocks fell&nbsp;in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/74c735d31c0161adccf2cf269531fde7\" tg-width=\"330\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p><b>All eyes on inflation data.</b>&nbsp;The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.</p><p>The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.</p><p>On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.</p><p><b>Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade &amp; more</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.</p><p><b>2)&nbsp;Wendy’s(WEN)</b> – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.</p><p><b>3)&nbsp;fuboTV(FUBO)</b> – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.</p><p><img src=\"https://static.tigerbbs.com/de2c0847cbfcd4b46e6438368340ca8a\" tg-width=\"766\" tg-height=\"494\"></p><p><b>4)&nbsp;Wolverine World Wide(WWW)</b> – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.</p><p><b>5)&nbsp;Electronic Arts(EA)</b> – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.</p><p><b>6)&nbsp;Intuit(INTU)</b> – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.</p><p><b>7)&nbsp;Vizio(VZIO)</b> – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.</p><p><b>8)&nbsp;QuantumScape(QS)</b> – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.</p><p><b>9)&nbsp;Diageo(DEO)</b> – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.</p><p><b>10)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.</p><p><b>11)&nbsp;Kontoor Brands(KTB)</b> – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.</p><p><b>12)&nbsp;Lemonade(LMND) </b>– The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.</p><p><b>13)&nbsp;Unity Software(U)</b> – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.</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>Toplines Before US Market Open on Wednesday</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\">\nToplines Before US Market Open on Wednesday\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\">2021-05-12 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Futures fall with tech sell-off set to resume.</li><li>All eyes on inflation data.</li><li>Big Tech&nbsp;stocks&nbsp;fell,&nbsp;most of Blockchain stocks fell.</li></ul><p>(May 12)&nbsp;U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.</p><p>At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&amp;P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.</p><p><img src=\"https://static.tigerbbs.com/5120147b1b1b1b2e4ba5ee22f2a9c5b1\" tg-width=\"1242\" tg-height=\"487\" referrerpolicy=\"no-referrer\"></p><p>Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.</p><p><img src=\"https://static.tigerbbs.com/cbe33e7abdc1ecc97adbbadcf3eb22cc\" tg-width=\"334\" tg-height=\"325\" referrerpolicy=\"no-referrer\"></p><p>The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.</p><p>Most of Blockchain stocks fell&nbsp;in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/74c735d31c0161adccf2cf269531fde7\" tg-width=\"330\" tg-height=\"324\" referrerpolicy=\"no-referrer\"></p><p><b>All eyes on inflation data.</b>&nbsp;The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.</p><p>The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.</p><p>On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.</p><p><b>Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade &amp; more</b></p><p><b>1)&nbsp;Amazon.com(AMZN)</b> – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.</p><p><b>2)&nbsp;Wendy’s(WEN)</b> – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.</p><p><b>3)&nbsp;fuboTV(FUBO)</b> – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.</p><p><img src=\"https://static.tigerbbs.com/de2c0847cbfcd4b46e6438368340ca8a\" tg-width=\"766\" tg-height=\"494\"></p><p><b>4)&nbsp;Wolverine World Wide(WWW)</b> – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.</p><p><b>5)&nbsp;Electronic Arts(EA)</b> – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.</p><p><b>6)&nbsp;Intuit(INTU)</b> – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.</p><p><b>7)&nbsp;Vizio(VZIO)</b> – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.</p><p><b>8)&nbsp;QuantumScape(QS)</b> – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.</p><p><b>9)&nbsp;Diageo(DEO)</b> – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.</p><p><b>10)&nbsp;Lordstown Motors(RIDE) </b>– Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.</p><p><b>11)&nbsp;Kontoor Brands(KTB)</b> – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.</p><p><b>12)&nbsp;Lemonade(LMND) </b>– The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.</p><p><b>13)&nbsp;Unity Software(U)</b> – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199419646","content_text":"Futures fall with tech sell-off set to resume.All eyes on inflation data.Big Tech stocks fell, most of Blockchain stocks fell.(May 12) U.S. stock futuresdeclined in early tradingWednesday, led by tech shares once again.At 8:07 a.m. ET, Dow E-minis were fell 97 points, or 0.28%, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 79.25 points, or 0.59%.Big Tech shares including Alphabet, Microsoft, Netflix, Facebook and Apple all traded in the red, while shares of chipmakers Nvidia and AMD were also lower in the premarket.The technology sector pulled offa big intraday reversalin the previous session where the Nasdaq Composite erased a loss north of 2% and ended the day flat. The blue-chip Dow, however, lost more than 450 points to suffer its worst day since February.Most of Blockchain stocks fell in premarket trading.All eyes on inflation data. The widely watchedconsumer inflation data for Aprilis set to be released Wednesday at 8:30 a.m. ET. The number could show the biggest year-over-year gain in nearly a decade.The anticipated 3.6% jump in the headline consumer price index in April would be the largest since Sept. 2011. CPI is expected to be up 0.2% month-over-month, according to Dow Jones. That compares to March’s 0.6% increase, or gain of 2.6% year over year.On a core basis — which excludes food and energy — the CPI is expected to have increased by 0.3% or 2.3% year over year.Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade & more1) Amazon.com(AMZN) – A European Union courtruled in Amazon’s favorin a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an unfairly favorable tax deal.2) Wendy’s(WEN) – Wendy’s shares jumped 4.2% in premarket trading after it beat estimates on the top and bottom lines, as well as reporting better-than-expected comparable-restaurant sales for its latest quarter. Wendy’s also raised its full-year outlook, boosted its dividend, and increased its share repurchase plan.3) fuboTV(FUBO) – FuboTV shares soared 23.88% in the premarket after the provider of streaming sports programming reported better-than-expected quarterly revenue and raised its full-year outlook. It reported a first quarter loss of 59 cents per share, wider than the 46 cents a share loss that Wall Street analysts had expected.4) Wolverine World Wide(WWW) – The footwear and apparel maker matched estimates, with quarterly earnings of 40 cents per share. Revenue was slightly below estimates, but Wolverine raised its full-year earnings and sales outlook. Shares fell 2.7% in the premarket.5) Electronic Arts(EA) – Electronic Arts earned $1.23 per share for its latest quarter, beating the consensus estimate of $1.05 a share. The video game maker’s revenue also came in above Wall Street forecasts. EA issued an upbeat annual forecast, expecting the pandemic-related momentum to continue even as Covid-related restrictions ease. Electronic Arts shares added 2% in premarket action.6) Intuit(INTU) – The financial software company said it expected to exceed the high end of its fiscal 2021 earnings and sales guidance. Intuit also warned, however, that results for the quarter ended April 30 were negatively impacted by the extension of the federal tax filing deadline to May 17.7) Vizio(VZIO) – Vizio earned 2 cents per share for the first quarter, compared to Wall Street predictions of a 10 cents per share loss for the smart TV maker. Revenue also came in above analysts’ forecasts in Vizio’s first report since going public in March. Shares fell 5.1% in premarket trading.8) QuantumScape(QS) – QuantumScape lost 20 cents per share during its first quarter, compared to a consensus forecast of a 7 cents per share loss. The startup battery maker did not report any revenue for the quarter, in line with Wall Street’s expectations, although the company said it met a contractual milestone with automaker Volkswagen by delivering battery cells for further testing. The stock lost 4.6% in premarket action.9) Diageo(DEO) – Diageo shares rose 3.9% after it said it expects organic operating growth of at least 14% for fiscal 2021, which ends June 30. The world’s largest spirits maker also said it has restarted its share buyback program.10) Lordstown Motors(RIDE) – Lordstown will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies, or SPACs. The electric pickup truck maker went public last October through a merger with blank-check company DiamondPeak Holdings. The stock lost 2.8% in the premarket.11) Kontoor Brands(KTB) – Kontoor Brands raised earnings guidance, saying it now expects full-year earnings of $3.70 to $3.80 per share, compared to the previous guidance of $3.50 to $3.60 a share. The maker of Lee and Wrangler jeans is expecting a bump in sales as vaccinations increase and consumers start spending more.12) Lemonade(LMND) – The online insurance company’s shares tumbled 6.6% in the premarket after a lighter-than-expected current-quarter revenue projection. Lemonade matched forecasts with a first-quarter loss of 81 cents per share, while revenue exceeded estimates.13) Unity Software(U) – The 3D content platform provider lost 10 cents per share for its first quarter, smaller than the 12 cents a share loss anticipated by Wall Street. Revenue came in above estimates. Additionally, Stifel upgraded the stock to “buy” from “hold,” noting a 52% drop from a December high and an upbeat quarterly report. The stock jumped 6.5% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118946608,"gmtCreate":1622715766604,"gmtModify":1704189532964,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118946608","repostId":"1178258633","repostType":4,"repost":{"id":"1178258633","pubTimestamp":1622709110,"share":"https://ttm.financial/m/news/1178258633?lang=&edition=fundamental","pubTime":"2021-06-03 16:31","market":"us","language":"en","title":"AMC: Hedge Fund 1-0 Reddit Army","url":"https://stock-news.laohu8.com/highlight/detail?id=1178258633","media":"seekingalpha","summary":"Summary\n\nShares of AMC surged 23% on news of a private share placement.\nPrivate share placements dil","content":"<p><b>Summary</b></p>\n<ul>\n <li>Shares of AMC surged 23% on news of a private share placement.</li>\n <li>Private share placements dilute shareholders and AMC's price should have gone down, not surged.</li>\n <li>It looks as if this hedge fund just monetized the Reddit army.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/072cd9d13e01f3f3defe064d4bcf6589\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Tom Cooper/Getty Images Entertainment via Getty Images</span></p>\n<p>Shares of AMC Entertainment (AMC) surged another 23% on Tuesday after the movie theater chain announced a private placement of shares to an investment fund. Normally, capital raises cause stock prices to fall, not increase. The hedge fund looks to have turned the tables on the Reddit army.</p>\n<p><b>Reason for AMC's price reaction</b></p>\n<p>Movie theater company AMC just did what a lot of companies do that have a lot of debt to service and need to confront an uncertain future… they offer new shares to investors and use the funds as a life line to survive.</p>\n<p>AMC issued&nbsp;8,500,000 shares&nbsp;for $230,500,000 to an investment firm named Mudrick Capital Management, LP. The investment firm has a focus on event-driven investing and distressed debt.</p>\n<p>AMC said that it will use the proceeds from the capital raise for the \"pursuit of value creating acquisitions of theater assets and leases, as well as investments to enhance the consumer appeal of its theaters\".</p>\n<p>Fresh capital is much needed. AMC's revenues cratered during the pandemic and the theater chain is still suffering from COVID-19 shutdown restrictions and social distancing regulations.</p>\n<p>Although AMC's revenues are expected to bounce back this year as the pandemic seemingly comes to an end, COVID-19 may have changed movie viewing habits permanently.</p>\n<p>One big challenge for AMC will be to get viewers back into its movie theaters. Streaming already was a competitive threat to the industry before COVID-19 and the pandemic may have accelerated this trend. A lot of people seem to have&nbsp;serious anxiety&nbsp;regarding a lockdown exit, so there is a valid question to be asked if movie theaters can really return to normal once the pandemic ends.</p>\n<p>But back to AMC's announcement.</p>\n<p>Shares of AMC surged 23% on Tuesday, which brings the total year-to-date return to more than 1,500%.</p>\n<p>Looking at the technical situation of AMC… shares are now very, very much overbought...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eda20bf9503e3abf095e0fb05639597b\" tg-width=\"1267\" tg-height=\"727\"><span>(Source: TradingView)</span></p>\n<p>AMC's trading volume on Tuesday was almost 500% the average trading volume with almost half a billion shares being bought and sold…</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/188015773070c85dac8627ef00d7320a\" tg-width=\"418\" tg-height=\"287\"><span>(Source: ShortSqueeze)</span></p>\n<p>However, the price reaction literally makes no sense given that the firm announced a capital raise, which increases the number of shares. As more shares are issued, the firms EPS is poised to decline as earnings are distributed over a larger amount of outstanding shares. The reaction to a capital raise is typically for the share price to fall, not to increase.</p>\n<p>AMC now has a market capitalization of $14.4b compared to less than $1b in January...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/466ba9dd813555ed3675587a5cc6c834\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p><b>A hedge fund is turning the tables on the Reddit army…</b></p>\n<p>Mudrick Capital Management is said to have already&nbsp;exited its position&nbsp;in AMC after making a quick 20% on Tuesday. So Mudrick Capital Management is not a long term investor that is bringing its distressed debt and special situation expertise to AMC… the whole thing was really just a quick flip as the investment firm offloaded overpriced shares to retail investors that continue to buy into the frenzy because they hope for a short squeeze. The firm itself brazenly called AMC \"massively overvalued.\" If the firm made a 20% return on its invested capital, it secured $46m in profits yesterday… not bad for a day's work!</p>\n<p>While AMC was likely happy to get an equity raise done at this valuation, the hedge fund sold its stake faster than AMC could get the filing about its unregistered sale of equity securities out...</p>\n<p><b>Extreme volatility and risks...</b></p>\n<p>AMC's valuation has become even more ludicrous on Tuesday than it already was before. The movie theater chain, which was close to bankruptcy just a few months ago, now trades at a P-S ratio of 3.</p>\n<p>Cinemark Holdings (CNK), a theater rival which may itself be overvalued, trades at a P-S ratio of 1.0.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81c3d9572182dca54c798bab323e99b2\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>The risk here is immeasurable because neither the price action nor the valuation makes any sense for AMC.</p>\n<p>AMC's price should have gone down yesterday, not up because a capital raise is dilutive... but nothing makes sense anymore when it comes to AMC.</p>\n<p>AMC is trading independently of its business numbers and growth prospects and the risk of losing everything in this \"investment\" is extremely high.</p>\n<p><b>Closing thoughts</b></p>\n<p>A hedge fund just had a big victory and nobody seems to notice or care.</p>\n<p>You literally had a hedge fund flipping its stake in AMC to the Reddit army at a massively overpriced valuation and explicitly calling AMC \"overvalued.\" It can't get any more brazen than this. Please be careful.</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>AMC: Hedge Fund 1-0 Reddit Army</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\">\nAMC: Hedge Fund 1-0 Reddit Army\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432676-amc-hedge-fund-reddit-army><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nShares of AMC surged 23% on news of a private share placement.\nPrivate share placements dilute shareholders and AMC's price should have gone down, not surged.\nIt looks as if this hedge fund ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432676-amc-hedge-fund-reddit-army\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4432676-amc-hedge-fund-reddit-army","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178258633","content_text":"Summary\n\nShares of AMC surged 23% on news of a private share placement.\nPrivate share placements dilute shareholders and AMC's price should have gone down, not surged.\nIt looks as if this hedge fund just monetized the Reddit army.\n\nPhoto by Tom Cooper/Getty Images Entertainment via Getty Images\nShares of AMC Entertainment (AMC) surged another 23% on Tuesday after the movie theater chain announced a private placement of shares to an investment fund. Normally, capital raises cause stock prices to fall, not increase. The hedge fund looks to have turned the tables on the Reddit army.\nReason for AMC's price reaction\nMovie theater company AMC just did what a lot of companies do that have a lot of debt to service and need to confront an uncertain future… they offer new shares to investors and use the funds as a life line to survive.\nAMC issued 8,500,000 shares for $230,500,000 to an investment firm named Mudrick Capital Management, LP. The investment firm has a focus on event-driven investing and distressed debt.\nAMC said that it will use the proceeds from the capital raise for the \"pursuit of value creating acquisitions of theater assets and leases, as well as investments to enhance the consumer appeal of its theaters\".\nFresh capital is much needed. AMC's revenues cratered during the pandemic and the theater chain is still suffering from COVID-19 shutdown restrictions and social distancing regulations.\nAlthough AMC's revenues are expected to bounce back this year as the pandemic seemingly comes to an end, COVID-19 may have changed movie viewing habits permanently.\nOne big challenge for AMC will be to get viewers back into its movie theaters. Streaming already was a competitive threat to the industry before COVID-19 and the pandemic may have accelerated this trend. A lot of people seem to have serious anxiety regarding a lockdown exit, so there is a valid question to be asked if movie theaters can really return to normal once the pandemic ends.\nBut back to AMC's announcement.\nShares of AMC surged 23% on Tuesday, which brings the total year-to-date return to more than 1,500%.\nLooking at the technical situation of AMC… shares are now very, very much overbought...\n(Source: TradingView)\nAMC's trading volume on Tuesday was almost 500% the average trading volume with almost half a billion shares being bought and sold…\n(Source: ShortSqueeze)\nHowever, the price reaction literally makes no sense given that the firm announced a capital raise, which increases the number of shares. As more shares are issued, the firms EPS is poised to decline as earnings are distributed over a larger amount of outstanding shares. The reaction to a capital raise is typically for the share price to fall, not to increase.\nAMC now has a market capitalization of $14.4b compared to less than $1b in January...\nData by YCharts\nA hedge fund is turning the tables on the Reddit army…\nMudrick Capital Management is said to have already exited its position in AMC after making a quick 20% on Tuesday. So Mudrick Capital Management is not a long term investor that is bringing its distressed debt and special situation expertise to AMC… the whole thing was really just a quick flip as the investment firm offloaded overpriced shares to retail investors that continue to buy into the frenzy because they hope for a short squeeze. The firm itself brazenly called AMC \"massively overvalued.\" If the firm made a 20% return on its invested capital, it secured $46m in profits yesterday… not bad for a day's work!\nWhile AMC was likely happy to get an equity raise done at this valuation, the hedge fund sold its stake faster than AMC could get the filing about its unregistered sale of equity securities out...\nExtreme volatility and risks...\nAMC's valuation has become even more ludicrous on Tuesday than it already was before. The movie theater chain, which was close to bankruptcy just a few months ago, now trades at a P-S ratio of 3.\nCinemark Holdings (CNK), a theater rival which may itself be overvalued, trades at a P-S ratio of 1.0.\nData by YCharts\nThe risk here is immeasurable because neither the price action nor the valuation makes any sense for AMC.\nAMC's price should have gone down yesterday, not up because a capital raise is dilutive... but nothing makes sense anymore when it comes to AMC.\nAMC is trading independently of its business numbers and growth prospects and the risk of losing everything in this \"investment\" is extremely high.\nClosing thoughts\nA hedge fund just had a big victory and nobody seems to notice or care.\nYou literally had a hedge fund flipping its stake in AMC to the Reddit army at a massively overpriced valuation and explicitly calling AMC \"overvalued.\" It can't get any more brazen than this. Please be careful.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105205776,"gmtCreate":1620303770995,"gmtModify":1704341612038,"author":{"id":"3583107295640646","authorId":"3583107295640646","authorIdStr":"3583107295640646","name":"Stellaching","avatar":"https://static.tigerbbs.com/44d42c6d30a2e5188558d76b1f45f1c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583107295640646"},"themes":[],"htmlText":"Amazing","listText":"Amazing","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105205776","repostId":"2133578813","repostType":4,"repost":{"id":"2133578813","pubTimestamp":1620297900,"share":"https://ttm.financial/m/news/2133578813?lang=&edition=fundamental","pubTime":"2021-05-06 18:45","market":"us","language":"en","title":"Tapestry, Inc. Reports Fiscal 2021 Third Quarter Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2133578813","media":"Business Wire","summary":"Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels\n\nDro","content":"<p><b><i>Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels</i></b></p>\n<ul>\n <li><b>Drove Sequential Improvement in Topline Trends and Outperformed Third Quarter Revenue Outlook</b></li>\n <li><b>Generated Triple-Digit Increase in Global Digital Sales, Fueled by New Customer Acquisition</b></li>\n <li><b>Delivered Strong Gross Margin Expansion Across Brands</b></li>\n <li><b>Now On Track to Exceed FY19 EPS for the Fiscal Year</b></li>\n</ul>\n<p>Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today reported results for the fiscal third quarter ended March 27, 2021.</p>\n<p>This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210506005339/en/</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b261ea55dcdf189152ebd4be8ba97de\" tg-width=\"353\" tg-height=\"480\"><span> (Photo: Business Wire)</span></p>\n<p>Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, \"Our third quarter results significantly outpaced expectations, underscoring the power of the Acceleration Program and enthusiasm for our brands. Through a sharpened focus on the consumer, we fueled new customer acquisition at Coach, Kate Spade, and Stuart Weitzman and delivered robust sales growth led by Digital and China. Importantly, for the third consecutive quarter, we achieved operating income gains – compared to both FY20 and FY19 – supported by a continued reduction in promotional activity, higher AUR, and disciplined expense management. This performance is a testament to our talented teams around the world, whose creativity, agility, and resilience have enabled us to successfully navigate a challenging backdrop and deliver for our customers, while positioning Tapestry to emerge from the pandemic stronger.\"</p>\n<p>Ms. Crevoiserat continued, \"Building on this momentum, we are increasingly optimistic about our ability to generate sustainable top and bottom-line growth. Looking forward, while the environment remains volatile, we see encouraging signs of recovery as vaccination efforts progress, resulting in increased consumer confidence, strong demand for our categories, and improving in-store traffic trends. In this context, we remain focused on driving brand relevance and customer engagement through product innovation and compelling marketing, supported by data-driven insights and a digital-first mindset. We will also continue to lean into our competitive advantages, including our globally diversified, direct-to-consumer model, and distort investments to high-growth opportunities. We are confident that our clear, consumer-centric strategy, powerful brands, and differentiated, scalable platform uniquely position us to capture market share at higher levels of profitability.\"</p>\n<p><b>Tapestry, Inc. Fiscal Third Quarter 2021 Highlights</b></p>\n<ul>\n <li>Achieved sequential improvement in year-over-year revenue trends compared to both FY20 and FY19</li>\n <li>Realized continued momentum in Digital, driving triple-digit growth versus prior year, while improving revenue trends in-stores on both a <a href=\"https://laohu8.com/S/AONE\">one</a> and two-year basis</li>\n <li>Posted a revenue increase of approximately 175% in Mainland China versus FY20 and 40% growth compared to FY19</li>\n <li>Drove a mid-teens sales increase versus prior year in North America, representing a return to pre-pandemic levels</li>\n <li>Expanded gross margin across brands year-over-year, primarily driven by lower, more disciplined promotional activity overall</li>\n <li>Reduced SG&amp;A costs compared to last year, reflecting effective expense management and previously announced actions to transform the Company’s operating model, while reinvesting in the business and increasing marketing spend</li>\n <li>Delivered operating income growth and margin expansion – ahead of both FY20 and FY19 – for the third consecutive quarter</li>\n <li>Generated $876 million of free cash flow year-to-date, underscoring the Company’s financial strength and flexibility</li>\n</ul>\n<p><b>Acceleration Program Highlights</b></p>\n<p>In the fiscal third quarter, the Company made meaningful progress against its Acceleration Program to sharpen its focus on the consumer, leverage data to lead with a digital-first mindset and transform into a leaner and more responsive organization:</p>\n<ul>\n <li><b>Recruited approximately 700,000 new customers through our e-commerce channels in North America</b>, a meaningful increase versus prior year, as we continue to meet consumers where they choose to shop and leverage social media platforms to build awareness and drive engagement, notably with Millennial and Gen Z consumers;</li>\n <li><b>Delivered an increase in purchase frequency</b> versus prior year through enhanced and consistent brand experiences across touchpoints and <b>reactivated lapsed customers across brands</b>;</li>\n <li><b>Achieved significant growth in China compared to both FY20 and FY19 </b>through integrated, comprehensive brand-building strategies, bringing innovative product, marketing, and experiences to Chinese consumers; <b>Drove revenue gains with Chinese consumers globally</b> compared to pre-pandemic levels;</li>\n <li><b>Effectively reduced SKU counts by 30% to 50% and improved assortment productivity</b>, resulting in more focused product messaging and compelling offerings, which in turn, contributed to stronger overall AUR and gross margin through higher IMUs and lower promotional activity;</li>\n <li><b>Utilized data and analytics tools across Tapestry’s platform</b> to provide us with a deeper understanding of customer behavior through measurement, enabling a ‘test-and-learn’ environment that empowers our teams to more quickly respond to changes in consumer preferences and demand as well as <b>scale opportunities across brands</b>;</li>\n <li><b>Continued to enhance the flexibility of our operating model,</b> through a streamlined organizational structure and <b>optimized global fleet</b>, with 49 net closures year-to-date, representing a net decrease of 94 stores from the prior year; <b>Remain on track to achieve gross run-rate savings of $300 million</b>, including gross savings of $200 million in fiscal 2021<b>. </b></li>\n</ul>\n<p>Through these initiatives, the Company is better meeting the needs of each of its brands' unique customers to drive engagement and desire for its products, creating a strong foundation for profitable expansion.</p>\n<p><b>Overview of Third Quarter 2021 Tapestry, Inc. Results</b></p>\n<ul>\n <li><b>Net sales </b>totaled $1.27 billion for the third quarter as compared to $1.07 billion in the prior year, representing a 19% increase<i>.</i></li>\n <li><b>Gross profit</b> totaled $912 million, while gross margin was 71.6% on both a reported and non-GAAP basis. This compared to prior year reported gross profit of $616 million and gross margin of 57.4%. On a non-GAAP basis, prior year gross profit was $720 million, while gross margin was 67.1%.</li>\n <li><b>SG&amp;A expenses</b> totaled $795 million on a reported basis and represented 62.5% of sales compared to $1.30 billion and 121.3%, respectively, in the year ago quarter. On a non-GAAP basis, SG&amp;A expenses were $729 million and represented 57.3% of sales as compared to $752 million and 70.1%, respectively, in the year ago period.</li>\n <li><b>Operating income</b> was $117 million on a reported basis, while operating margin was 9.2% versus an operating loss of $685 million and an operating margin of (63.9)% in the prior year. On a non-GAAP basis, operating income was $183 million, while operating margin was 14.4%, which compares to an operating loss of $32 million and an operating margin of (2.9)% in the prior year.</li>\n <li><b>Net interest expense </b>was $17 million in the quarter as compared to approximately $13 million in the year ago period.</li>\n <li><b>Other expense</b> was $4 million versus $6 million in the prior year.</li>\n <li><b>Net income </b>for the quarter was $92 million on a reported basis, with earnings per diluted share of $0.32. This compared to a net loss of $677 million with a loss per diluted share of $2.45 in the prior year period. The reported tax rate for the quarter was 3.8% compared to 4.0% in the prior year period. On a non-GAAP basis, net income for the quarter was $145 million with earnings per diluted share of $0.51. This compared to a non-GAAP net loss of $76 million with a loss per diluted share of $0.27 in the prior year period. The non-GAAP tax rate for the quarter was 10.3% compared to (48.2)% in the prior year.</li>\n <li><b>Inventory</b> was $700 million at quarter-end versus ending inventory of $853 million in the year ago period.</li>\n</ul>\n<p>Fiscal third quarter results by brand were as follows:</p>\n<p><b>Coach Third Quarter 2021 Results</b></p>\n<ul>\n <li><b>Net sales</b> for Coach totaled $964 million for the fiscal third quarter as compared to approximately $772 million in the prior year, representing an increase of 25% and a return to pre-pandemic revenue levels.</li>\n <li><b>Gross profit</b> for Coach totaled $718 million, while gross margin was 74.5% on both a reported and non-GAAP basis. This compared to prior year gross profit of $476 million and gross margin of 61.6% on a reported basis. On a non-GAAP basis, gross profit was $538 million, while gross margin was 69.6% in the year ago quarter.</li>\n <li><b>SG&amp;A expenses </b>for Coach<b> </b>were $467 million on a reported basis and represented 48.4% of sales compared to $438 million and 56.6%, respectively, in the year ago period. On a non-GAAP basis, SG&amp;A expenses were $442 million and represented 45.8% of sales compared to expenses of $421 million and 54.5% of sales in the prior year.</li>\n <li><b>Operating income</b> for Coach was $251 million compared to reported operating income of $38 million in the prior year, while operating margin was 26.1% versus 4.9% a year ago. On a non-GAAP basis, operating income was approximately $276 million compared to $116 million in the prior year, while operating margin was 28.7% versus 15.1% a year ago.<b> </b></li>\n</ul>\n<p><b>Kate Spade Third Quarter 2021 Results</b></p>\n<ul>\n <li><b>Net sales </b>for Kate Spade totaled $252 million for the fiscal third quarter as compared to $250 million in the prior year, representing an increase of 1%, which included an impact related to a strategic pullback in lower margin wholesale disposition sales.</li>\n <li><b>Gross profit</b> for Kate Spade totaled $160 million, while gross margin was 63.5% on a reported and non-GAAP basis. This compared to gross profit of approximately $123 million and gross margin of 49.1% in the prior year on a reported basis, and $155 million and 62.0%, respectively, on a non-GAAP basis.</li>\n <li><b>SG&amp;A expenses </b>for Kate Spade<b> </b>were $169 million on a reported basis and represented 66.9% of sales. This compared to reported SG&amp;A expenses of $214 million in the year ago period, which represented 85.7% of sales. On a non-GAAP basis, SG&amp;A expenses were $149 million and represented 58.9% of sales, which compared to $172 million and 68.9% of sales, respectively, in the prior year period.</li>\n <li><b>Operating loss </b>for Kate Spade<b> </b>was $9 million on a reported basis, representing an operating margin of (3.4)%. This compared to an operating loss of $91 million and an operating margin of (36.6)% on a reported basis in the year ago period. On a non-GAAP basis, operating income was approximately $12 million, while operating margin was 4.6%. This compared to an operating loss of $17 million and an operating margin of (6.9)% on a non-GAAP basis in the previous year.</li>\n</ul>\n<p><b>Stuart Weitzman Third Quarter 2021 Results </b></p>\n<ul>\n <li><b>Net sales </b>for Stuart Weitzman totaled $57 million for the fiscal third quarter compared to $51 million in the same period of the prior year, representing a 13% increase. These results included the negative impact of a North America wholesale timing shift into the fourth fiscal quarter.</li>\n <li><b>Gross profit </b>for Stuart Weitzman totaled $34 million on both a reported and non-GAAP basis, while gross margin for the quarter was 58.9%. This compared to prior year reported gross profit of $18 million and gross margin of 35.4%. On a non-GAAP basis, prior year gross profit was $28 million, while gross margin was 54.7%.</li>\n <li><b>SG&amp;A expenses </b>for Stuart Weitzman were $51 million on a reported basis, which compared to reported SG&amp;A expenses of $549 million in the year ago period. On a non-GAAP basis, SG&amp;A expenses were $42 million as compared to $63 million in the prior year period.</li>\n <li><b>Operating loss </b>for Stuart Weitzman<b> </b>was approximately $18 million on a reported basis, compared to an operating loss of $531 million in the year ago period. On a non-GAAP basis, operating loss was $8 million versus an operating loss of $35 million in the prior year.</li>\n</ul>\n<p><b>Non-GAAP Reconciliation</b><b> </b></p>\n<p>During the fiscal third quarter of 2021, the Company recorded the following charges on a reported basis:</p>\n<ul>\n <li><b>Impairment: </b>$46 million of pre-tax charges related to store assets primarily as a result of the continued impact of Covid-19.</li>\n <li><b>Acceleration Program</b>: $20 million of pre-tax charges primarily associated with professional fees incurred as a result of the development and execution of the Company’s comprehensive strategic initiatives, as well as actions to streamline the Company's organization, which includes severance. The Company now expects to incur total charges of $205 to $220 million over the life of the Acceleration Program, including $50 to $65 million in remaining charges. The majority of these future costs are estimated to be cash.</li>\n</ul>\n<p>Taken together, these items decreased the Company’s net income and earnings per diluted share by $53 million and $0.19, respectively. Please refer to the financial tables included herein for a detailed reconciliation of the Company’s reported to non-GAAP results.</p>\n<p><b>Fiscal Year 2021 Outlook</b></p>\n<p>Due to the dynamic nature of the Covid-19 crisis and lack of visibility, the Company is not providing detailed guidance for fiscal 2021. However, given Tapestry’s better-than-anticipated results year-to-date, and assuming a continued recovery emerging from the pandemic, the Company now expects revenue for the fiscal year to increase at a mid-teens rate compared to prior year on both a 52 and 53-week basis<i>.</i> This outlook now includes the expectation for fiscal year 2021 operating income and earnings per diluted to share to increase versus fiscal year 2019 on a 52 and 53-week basis.</p>\n<p>The Company also notes that fiscal 2021 includes a 53rd week in its fourth fiscal quarter.</p>\n<p><b>Conference Call Details</b><b> </b></p>\n<p>The Company will host a conference call to review these results at 8:00 a.m. (ET) today, May 6, 2021. Interested parties may listen to the conference call via live webcast by accessing www.tapestry.com/investors on the Internet or calling 1-877-510-8087 or 1-862-298-9015 and providing the Conference ID 5689959. A telephone replay will be available starting at 12:00 p.m. (ET) today, for a period of five business days. To access the telephone replay, call 1-800-585-8367 or 1-404-537-3406 and enter the Conference ID 5689959. A webcast replay of the earnings conference call will also be available for five business days on the Tapestry website. Presentation slides have also been posted to the Company’s website at www.tapestry.com/investors.</p>\n<p><b>Upcoming Events</b></p>\n<p>The Company expects to report fiscal 2021 fourth quarter and full year results on Thursday, August 19, 2021. To receive notification of future announcements, please register at www.tapestry.com/investors (\"Subscribe to E-Mail Alerts\").</p>\n<p>Tapestry, Inc. is a New York-based house of modern luxury lifestyle brands. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman. Our Company and our brands are founded upon a creative and consumer-led view of luxury that stands for inclusivity and approachability. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.</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>Tapestry, Inc. Reports Fiscal 2021 Third Quarter 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\">\nTapestry, Inc. Reports Fiscal 2021 Third Quarter Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tapestry-inc-reports-fiscal-2021-104500275.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels\n\nDrove Sequential Improvement in Topline Trends and Outperformed Third Quarter Revenue Outlook\nGenerated...</p>\n\n<a href=\"https://finance.yahoo.com/news/tapestry-inc-reports-fiscal-2021-104500275.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TPR":"Tapestry Inc.","TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc."},"source_url":"https://finance.yahoo.com/news/tapestry-inc-reports-fiscal-2021-104500275.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2133578813","content_text":"Results Significantly Ahead of Expectations With Operating Income Exceeding Pre-Pandemic Levels\n\nDrove Sequential Improvement in Topline Trends and Outperformed Third Quarter Revenue Outlook\nGenerated Triple-Digit Increase in Global Digital Sales, Fueled by New Customer Acquisition\nDelivered Strong Gross Margin Expansion Across Brands\nNow On Track to Exceed FY19 EPS for the Fiscal Year\n\nTapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today reported results for the fiscal third quarter ended March 27, 2021.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210506005339/en/\n (Photo: Business Wire)\nJoanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., said, \"Our third quarter results significantly outpaced expectations, underscoring the power of the Acceleration Program and enthusiasm for our brands. Through a sharpened focus on the consumer, we fueled new customer acquisition at Coach, Kate Spade, and Stuart Weitzman and delivered robust sales growth led by Digital and China. Importantly, for the third consecutive quarter, we achieved operating income gains – compared to both FY20 and FY19 – supported by a continued reduction in promotional activity, higher AUR, and disciplined expense management. This performance is a testament to our talented teams around the world, whose creativity, agility, and resilience have enabled us to successfully navigate a challenging backdrop and deliver for our customers, while positioning Tapestry to emerge from the pandemic stronger.\"\nMs. Crevoiserat continued, \"Building on this momentum, we are increasingly optimistic about our ability to generate sustainable top and bottom-line growth. Looking forward, while the environment remains volatile, we see encouraging signs of recovery as vaccination efforts progress, resulting in increased consumer confidence, strong demand for our categories, and improving in-store traffic trends. In this context, we remain focused on driving brand relevance and customer engagement through product innovation and compelling marketing, supported by data-driven insights and a digital-first mindset. We will also continue to lean into our competitive advantages, including our globally diversified, direct-to-consumer model, and distort investments to high-growth opportunities. We are confident that our clear, consumer-centric strategy, powerful brands, and differentiated, scalable platform uniquely position us to capture market share at higher levels of profitability.\"\nTapestry, Inc. Fiscal Third Quarter 2021 Highlights\n\nAchieved sequential improvement in year-over-year revenue trends compared to both FY20 and FY19\nRealized continued momentum in Digital, driving triple-digit growth versus prior year, while improving revenue trends in-stores on both a one and two-year basis\nPosted a revenue increase of approximately 175% in Mainland China versus FY20 and 40% growth compared to FY19\nDrove a mid-teens sales increase versus prior year in North America, representing a return to pre-pandemic levels\nExpanded gross margin across brands year-over-year, primarily driven by lower, more disciplined promotional activity overall\nReduced SG&A costs compared to last year, reflecting effective expense management and previously announced actions to transform the Company’s operating model, while reinvesting in the business and increasing marketing spend\nDelivered operating income growth and margin expansion – ahead of both FY20 and FY19 – for the third consecutive quarter\nGenerated $876 million of free cash flow year-to-date, underscoring the Company’s financial strength and flexibility\n\nAcceleration Program Highlights\nIn the fiscal third quarter, the Company made meaningful progress against its Acceleration Program to sharpen its focus on the consumer, leverage data to lead with a digital-first mindset and transform into a leaner and more responsive organization:\n\nRecruited approximately 700,000 new customers through our e-commerce channels in North America, a meaningful increase versus prior year, as we continue to meet consumers where they choose to shop and leverage social media platforms to build awareness and drive engagement, notably with Millennial and Gen Z consumers;\nDelivered an increase in purchase frequency versus prior year through enhanced and consistent brand experiences across touchpoints and reactivated lapsed customers across brands;\nAchieved significant growth in China compared to both FY20 and FY19 through integrated, comprehensive brand-building strategies, bringing innovative product, marketing, and experiences to Chinese consumers; Drove revenue gains with Chinese consumers globally compared to pre-pandemic levels;\nEffectively reduced SKU counts by 30% to 50% and improved assortment productivity, resulting in more focused product messaging and compelling offerings, which in turn, contributed to stronger overall AUR and gross margin through higher IMUs and lower promotional activity;\nUtilized data and analytics tools across Tapestry’s platform to provide us with a deeper understanding of customer behavior through measurement, enabling a ‘test-and-learn’ environment that empowers our teams to more quickly respond to changes in consumer preferences and demand as well as scale opportunities across brands;\nContinued to enhance the flexibility of our operating model, through a streamlined organizational structure and optimized global fleet, with 49 net closures year-to-date, representing a net decrease of 94 stores from the prior year; Remain on track to achieve gross run-rate savings of $300 million, including gross savings of $200 million in fiscal 2021. \n\nThrough these initiatives, the Company is better meeting the needs of each of its brands' unique customers to drive engagement and desire for its products, creating a strong foundation for profitable expansion.\nOverview of Third Quarter 2021 Tapestry, Inc. Results\n\nNet sales totaled $1.27 billion for the third quarter as compared to $1.07 billion in the prior year, representing a 19% increase.\nGross profit totaled $912 million, while gross margin was 71.6% on both a reported and non-GAAP basis. This compared to prior year reported gross profit of $616 million and gross margin of 57.4%. On a non-GAAP basis, prior year gross profit was $720 million, while gross margin was 67.1%.\nSG&A expenses totaled $795 million on a reported basis and represented 62.5% of sales compared to $1.30 billion and 121.3%, respectively, in the year ago quarter. On a non-GAAP basis, SG&A expenses were $729 million and represented 57.3% of sales as compared to $752 million and 70.1%, respectively, in the year ago period.\nOperating income was $117 million on a reported basis, while operating margin was 9.2% versus an operating loss of $685 million and an operating margin of (63.9)% in the prior year. On a non-GAAP basis, operating income was $183 million, while operating margin was 14.4%, which compares to an operating loss of $32 million and an operating margin of (2.9)% in the prior year.\nNet interest expense was $17 million in the quarter as compared to approximately $13 million in the year ago period.\nOther expense was $4 million versus $6 million in the prior year.\nNet income for the quarter was $92 million on a reported basis, with earnings per diluted share of $0.32. This compared to a net loss of $677 million with a loss per diluted share of $2.45 in the prior year period. The reported tax rate for the quarter was 3.8% compared to 4.0% in the prior year period. On a non-GAAP basis, net income for the quarter was $145 million with earnings per diluted share of $0.51. This compared to a non-GAAP net loss of $76 million with a loss per diluted share of $0.27 in the prior year period. The non-GAAP tax rate for the quarter was 10.3% compared to (48.2)% in the prior year.\nInventory was $700 million at quarter-end versus ending inventory of $853 million in the year ago period.\n\nFiscal third quarter results by brand were as follows:\nCoach Third Quarter 2021 Results\n\nNet sales for Coach totaled $964 million for the fiscal third quarter as compared to approximately $772 million in the prior year, representing an increase of 25% and a return to pre-pandemic revenue levels.\nGross profit for Coach totaled $718 million, while gross margin was 74.5% on both a reported and non-GAAP basis. This compared to prior year gross profit of $476 million and gross margin of 61.6% on a reported basis. On a non-GAAP basis, gross profit was $538 million, while gross margin was 69.6% in the year ago quarter.\nSG&A expenses for Coach were $467 million on a reported basis and represented 48.4% of sales compared to $438 million and 56.6%, respectively, in the year ago period. On a non-GAAP basis, SG&A expenses were $442 million and represented 45.8% of sales compared to expenses of $421 million and 54.5% of sales in the prior year.\nOperating income for Coach was $251 million compared to reported operating income of $38 million in the prior year, while operating margin was 26.1% versus 4.9% a year ago. On a non-GAAP basis, operating income was approximately $276 million compared to $116 million in the prior year, while operating margin was 28.7% versus 15.1% a year ago. \n\nKate Spade Third Quarter 2021 Results\n\nNet sales for Kate Spade totaled $252 million for the fiscal third quarter as compared to $250 million in the prior year, representing an increase of 1%, which included an impact related to a strategic pullback in lower margin wholesale disposition sales.\nGross profit for Kate Spade totaled $160 million, while gross margin was 63.5% on a reported and non-GAAP basis. This compared to gross profit of approximately $123 million and gross margin of 49.1% in the prior year on a reported basis, and $155 million and 62.0%, respectively, on a non-GAAP basis.\nSG&A expenses for Kate Spade were $169 million on a reported basis and represented 66.9% of sales. This compared to reported SG&A expenses of $214 million in the year ago period, which represented 85.7% of sales. On a non-GAAP basis, SG&A expenses were $149 million and represented 58.9% of sales, which compared to $172 million and 68.9% of sales, respectively, in the prior year period.\nOperating loss for Kate Spade was $9 million on a reported basis, representing an operating margin of (3.4)%. This compared to an operating loss of $91 million and an operating margin of (36.6)% on a reported basis in the year ago period. On a non-GAAP basis, operating income was approximately $12 million, while operating margin was 4.6%. This compared to an operating loss of $17 million and an operating margin of (6.9)% on a non-GAAP basis in the previous year.\n\nStuart Weitzman Third Quarter 2021 Results \n\nNet sales for Stuart Weitzman totaled $57 million for the fiscal third quarter compared to $51 million in the same period of the prior year, representing a 13% increase. These results included the negative impact of a North America wholesale timing shift into the fourth fiscal quarter.\nGross profit for Stuart Weitzman totaled $34 million on both a reported and non-GAAP basis, while gross margin for the quarter was 58.9%. This compared to prior year reported gross profit of $18 million and gross margin of 35.4%. On a non-GAAP basis, prior year gross profit was $28 million, while gross margin was 54.7%.\nSG&A expenses for Stuart Weitzman were $51 million on a reported basis, which compared to reported SG&A expenses of $549 million in the year ago period. On a non-GAAP basis, SG&A expenses were $42 million as compared to $63 million in the prior year period.\nOperating loss for Stuart Weitzman was approximately $18 million on a reported basis, compared to an operating loss of $531 million in the year ago period. On a non-GAAP basis, operating loss was $8 million versus an operating loss of $35 million in the prior year.\n\nNon-GAAP Reconciliation \nDuring the fiscal third quarter of 2021, the Company recorded the following charges on a reported basis:\n\nImpairment: $46 million of pre-tax charges related to store assets primarily as a result of the continued impact of Covid-19.\nAcceleration Program: $20 million of pre-tax charges primarily associated with professional fees incurred as a result of the development and execution of the Company’s comprehensive strategic initiatives, as well as actions to streamline the Company's organization, which includes severance. The Company now expects to incur total charges of $205 to $220 million over the life of the Acceleration Program, including $50 to $65 million in remaining charges. The majority of these future costs are estimated to be cash.\n\nTaken together, these items decreased the Company’s net income and earnings per diluted share by $53 million and $0.19, respectively. Please refer to the financial tables included herein for a detailed reconciliation of the Company’s reported to non-GAAP results.\nFiscal Year 2021 Outlook\nDue to the dynamic nature of the Covid-19 crisis and lack of visibility, the Company is not providing detailed guidance for fiscal 2021. However, given Tapestry’s better-than-anticipated results year-to-date, and assuming a continued recovery emerging from the pandemic, the Company now expects revenue for the fiscal year to increase at a mid-teens rate compared to prior year on both a 52 and 53-week basis. This outlook now includes the expectation for fiscal year 2021 operating income and earnings per diluted to share to increase versus fiscal year 2019 on a 52 and 53-week basis.\nThe Company also notes that fiscal 2021 includes a 53rd week in its fourth fiscal quarter.\nConference Call Details \nThe Company will host a conference call to review these results at 8:00 a.m. (ET) today, May 6, 2021. Interested parties may listen to the conference call via live webcast by accessing www.tapestry.com/investors on the Internet or calling 1-877-510-8087 or 1-862-298-9015 and providing the Conference ID 5689959. A telephone replay will be available starting at 12:00 p.m. (ET) today, for a period of five business days. To access the telephone replay, call 1-800-585-8367 or 1-404-537-3406 and enter the Conference ID 5689959. A webcast replay of the earnings conference call will also be available for five business days on the Tapestry website. Presentation slides have also been posted to the Company’s website at www.tapestry.com/investors.\nUpcoming Events\nThe Company expects to report fiscal 2021 fourth quarter and full year results on Thursday, August 19, 2021. To receive notification of future announcements, please register at www.tapestry.com/investors (\"Subscribe to E-Mail Alerts\").\nTapestry, Inc. is a New York-based house of modern luxury lifestyle brands. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman. Our Company and our brands are founded upon a creative and consumer-led view of luxury that stands for inclusivity and approachability. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.","news_type":1},"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}