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2022-04-25
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Twitter Under Shareholder Pressure to Seek Deal With Musk
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2022-03-18
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Nonetheless, some shareholders who agree with that stance still want Twitter to seek a better offer from Musk, whose net worth is pegged by Forbes at $270 billion, the sources told Reuters.</p><p>One option available to Twitter's board is to open its books to Musk to try to coax him to sweeten his bid. Another would be to solicit offers from other potential bidders. While it is not yet clear which path Twitter will take, it is increasingly likely that its board will attempt to solicit a better offer from Musk even as it rebuffs the current <a href=\"https://laohu8.com/S/AONE.U\">one</a>, the sources said.</p><p>"I wouldn't be surprised to wake up next week and see Musk raise what he called his best and final offer to possibly $64.20 per share," one of the fund managers who is invested in Twitter said on condition of anonymity to discuss private conversations with the company.</p><p>"He could also drop the whole thing entirely. Anything is possible," the fund manager said about Musk's offer.</p><p>Twitter shares closed at $48.93 on Friday, a significant discount to Musk's offer that reflects the uncertainty over his bid's fate.</p><p>Twitter adopted a poison pill after Musk made his offer to prevent him from raising his more than 9% stake in the company above 15% without negotiating a deal with its board. In response, Musk has threatened to launch a tender offer that he could use to register Twitter shareholder support for his bid.</p><p>A concern that Twitter's board is weighing is that unless it seeks to negotiate a deal with Musk, many shareholders could back him in a tender offer, the sources said. While the poison pill would prevent Twitter shareholders from tendering their shares, the company is worried that its negotiating hand would weaken considerably if it was shown to be going against the will of many of its investors, the sources added.</p><p>Musk, the chief executive of electric car maker Tesla Inc, has been meeting with Twitter shareholders since he unveiled his offer on April 14, seeking support for his bid. Musk has said Twitter needs to be taken private to grow and become a genuine platform for free speech.</p><p>Representatives for Twitter and Musk did not immediately respond to requests for comment.</p><p>The Wall Street Journal reported earlier on Sunday on some of Musk's meetings with Twitter shareholders.</p><p>The price expectations among Twitter shareholders for the deal diverge largely based on their investment strategy, the sources said. Active long-term shareholders, who together with index funds hold the biggest chunk of Twitter shares, have higher price expectations, some in the $60s-per-share, the sources said. They are also more inclined to give Parag Agrawal, who became Twitter's chief executive in November, more time to boost the value of the company's stock, the sources added.</p><p>"I don't believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects," Saudi Arabia's Prince Alwaleed bin Talal, a Twitter shareholder, tweeted on April 14.</p><p>Short term-minded investors such as hedge funds want Twitter to accept Musk's offer or ask for only a small increase, the sources said. Some of these are fretting that a recent plunge in the value of technology stocks amid concerns over inflation and an economic slowdown makes it unlikely Twitter will be able to deliver more value for itself anytime soon, the sources added.</p><p>"I would say, take the $54.20 a share and be done with it," said Sahm Adrangi, portfolio manager at Kerrisdale Capital Management, a hedge fund that owns 1.13 million shares in Twitter, or 0.15% of the company, and has been an investor since early 2020.</p><p>One silver lining for Twitter's board is that Musk's offer did not appear to convert his army of Twitter followers into new shareholders in the San Francisco-based company who could back his bid, the sources said. Twitter's retail investor base has increased from about 20% before Musk unveiled his stake on April 4 to some 22%, according to the sources.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Twitter Under Shareholder Pressure to Seek Deal With Musk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwitter Under Shareholder Pressure to Seek Deal With Musk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-25 07:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world's richest person has called his $43 billion bid for the social media platform his best and final offer, people familiar with the matter said on Sunday.</p><p>While the views of Twitter shareholders vary over what a fair price for a deal would be, many reached out to the company after Musk outlined his acquisition financing plan on Thursday and urged it not to let the opportunity for a deal slip away, the sources said, speaking on condition of anonymity.</p><p>Twitter's board is expected to find that Musk's all-cash $54.20 per share offer for the company is too low by the time it reports quarterly earnings on Thursday. Nonetheless, some shareholders who agree with that stance still want Twitter to seek a better offer from Musk, whose net worth is pegged by Forbes at $270 billion, the sources told Reuters.</p><p>One option available to Twitter's board is to open its books to Musk to try to coax him to sweeten his bid. Another would be to solicit offers from other potential bidders. While it is not yet clear which path Twitter will take, it is increasingly likely that its board will attempt to solicit a better offer from Musk even as it rebuffs the current <a href=\"https://laohu8.com/S/AONE.U\">one</a>, the sources said.</p><p>"I wouldn't be surprised to wake up next week and see Musk raise what he called his best and final offer to possibly $64.20 per share," one of the fund managers who is invested in Twitter said on condition of anonymity to discuss private conversations with the company.</p><p>"He could also drop the whole thing entirely. Anything is possible," the fund manager said about Musk's offer.</p><p>Twitter shares closed at $48.93 on Friday, a significant discount to Musk's offer that reflects the uncertainty over his bid's fate.</p><p>Twitter adopted a poison pill after Musk made his offer to prevent him from raising his more than 9% stake in the company above 15% without negotiating a deal with its board. In response, Musk has threatened to launch a tender offer that he could use to register Twitter shareholder support for his bid.</p><p>A concern that Twitter's board is weighing is that unless it seeks to negotiate a deal with Musk, many shareholders could back him in a tender offer, the sources said. While the poison pill would prevent Twitter shareholders from tendering their shares, the company is worried that its negotiating hand would weaken considerably if it was shown to be going against the will of many of its investors, the sources added.</p><p>Musk, the chief executive of electric car maker Tesla Inc, has been meeting with Twitter shareholders since he unveiled his offer on April 14, seeking support for his bid. Musk has said Twitter needs to be taken private to grow and become a genuine platform for free speech.</p><p>Representatives for Twitter and Musk did not immediately respond to requests for comment.</p><p>The Wall Street Journal reported earlier on Sunday on some of Musk's meetings with Twitter shareholders.</p><p>The price expectations among Twitter shareholders for the deal diverge largely based on their investment strategy, the sources said. Active long-term shareholders, who together with index funds hold the biggest chunk of Twitter shares, have higher price expectations, some in the $60s-per-share, the sources said. They are also more inclined to give Parag Agrawal, who became Twitter's chief executive in November, more time to boost the value of the company's stock, the sources added.</p><p>"I don't believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects," Saudi Arabia's Prince Alwaleed bin Talal, a Twitter shareholder, tweeted on April 14.</p><p>Short term-minded investors such as hedge funds want Twitter to accept Musk's offer or ask for only a small increase, the sources said. Some of these are fretting that a recent plunge in the value of technology stocks amid concerns over inflation and an economic slowdown makes it unlikely Twitter will be able to deliver more value for itself anytime soon, the sources added.</p><p>"I would say, take the $54.20 a share and be done with it," said Sahm Adrangi, portfolio manager at Kerrisdale Capital Management, a hedge fund that owns 1.13 million shares in Twitter, or 0.15% of the company, and has been an investor since early 2020.</p><p>One silver lining for Twitter's board is that Musk's offer did not appear to convert his army of Twitter followers into new shareholders in the San Francisco-based company who could back his bid, the sources said. Twitter's retail investor base has increased from about 20% before Musk unveiled his stake on April 4 to some 22%, according to the sources.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4574":"无人驾驶","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","TWTR":"Twitter","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4581":"高盛持仓","BK4555":"新能源车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230872118","content_text":"(Reuters) - Twitter Inc is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world's richest person has called his $43 billion bid for the social media platform his best and final offer, people familiar with the matter said on Sunday.While the views of Twitter shareholders vary over what a fair price for a deal would be, many reached out to the company after Musk outlined his acquisition financing plan on Thursday and urged it not to let the opportunity for a deal slip away, the sources said, speaking on condition of anonymity.Twitter's board is expected to find that Musk's all-cash $54.20 per share offer for the company is too low by the time it reports quarterly earnings on Thursday. Nonetheless, some shareholders who agree with that stance still want Twitter to seek a better offer from Musk, whose net worth is pegged by Forbes at $270 billion, the sources told Reuters.One option available to Twitter's board is to open its books to Musk to try to coax him to sweeten his bid. Another would be to solicit offers from other potential bidders. While it is not yet clear which path Twitter will take, it is increasingly likely that its board will attempt to solicit a better offer from Musk even as it rebuffs the current one, the sources said.\"I wouldn't be surprised to wake up next week and see Musk raise what he called his best and final offer to possibly $64.20 per share,\" one of the fund managers who is invested in Twitter said on condition of anonymity to discuss private conversations with the company.\"He could also drop the whole thing entirely. Anything is possible,\" the fund manager said about Musk's offer.Twitter shares closed at $48.93 on Friday, a significant discount to Musk's offer that reflects the uncertainty over his bid's fate.Twitter adopted a poison pill after Musk made his offer to prevent him from raising his more than 9% stake in the company above 15% without negotiating a deal with its board. In response, Musk has threatened to launch a tender offer that he could use to register Twitter shareholder support for his bid.A concern that Twitter's board is weighing is that unless it seeks to negotiate a deal with Musk, many shareholders could back him in a tender offer, the sources said. While the poison pill would prevent Twitter shareholders from tendering their shares, the company is worried that its negotiating hand would weaken considerably if it was shown to be going against the will of many of its investors, the sources added.Musk, the chief executive of electric car maker Tesla Inc, has been meeting with Twitter shareholders since he unveiled his offer on April 14, seeking support for his bid. Musk has said Twitter needs to be taken private to grow and become a genuine platform for free speech.Representatives for Twitter and Musk did not immediately respond to requests for comment.The Wall Street Journal reported earlier on Sunday on some of Musk's meetings with Twitter shareholders.The price expectations among Twitter shareholders for the deal diverge largely based on their investment strategy, the sources said. Active long-term shareholders, who together with index funds hold the biggest chunk of Twitter shares, have higher price expectations, some in the $60s-per-share, the sources said. They are also more inclined to give Parag Agrawal, who became Twitter's chief executive in November, more time to boost the value of the company's stock, the sources added.\"I don't believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects,\" Saudi Arabia's Prince Alwaleed bin Talal, a Twitter shareholder, tweeted on April 14.Short term-minded investors such as hedge funds want Twitter to accept Musk's offer or ask for only a small increase, the sources said. Some of these are fretting that a recent plunge in the value of technology stocks amid concerns over inflation and an economic slowdown makes it unlikely Twitter will be able to deliver more value for itself anytime soon, the sources added.\"I would say, take the $54.20 a share and be done with it,\" said Sahm Adrangi, portfolio manager at Kerrisdale Capital Management, a hedge fund that owns 1.13 million shares in Twitter, or 0.15% of the company, and has been an investor since early 2020.One silver lining for Twitter's board is that Musk's offer did not appear to convert his army of Twitter followers into new shareholders in the San Francisco-based company who could back his bid, the sources said. Twitter's retail investor base has increased from about 20% before Musk unveiled his stake on April 4 to some 22%, according to the sources.","news_type":1},"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035500168,"gmtCreate":1647619050251,"gmtModify":1676534251882,"author":{"id":"3584363651730537","authorId":"3584363651730537","name":"Lvnng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584363651730537","authorIdStr":"3584363651730537"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035500168","repostId":"1191967456","repostType":2,"isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9084830652,"gmtCreate":1650845759999,"gmtModify":1676534801384,"author":{"id":"3584363651730537","authorId":"3584363651730537","name":"Lvnng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584363651730537","authorIdStr":"3584363651730537"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084830652","repostId":"2230872118","repostType":2,"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035500168,"gmtCreate":1647619050251,"gmtModify":1676534251882,"author":{"id":"3584363651730537","authorId":"3584363651730537","name":"Lvnng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584363651730537","authorIdStr":"3584363651730537"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035500168","repostId":"1191967456","repostType":2,"repost":{"id":"1191967456","kind":"news","pubTimestamp":1646438555,"share":"https://ttm.financial/m/news/1191967456?lang=&edition=fundamental","pubTime":"2022-03-05 08:02","market":"us","language":"en","title":"3 Luxury Stocks to Buy to Profit From Metaverse Mania","url":"https://stock-news.laohu8.com/highlight/detail?id=1191967456","media":"InvestorPlace","summary":"Luxury stocks are gaining traction as their brands seek ways to enter the metaverse, which combines ","content":"<html><head></head><body><p>Luxury stocks are gaining traction as their brands seek ways to enter the metaverse, which combines mixed reality (MR) with social gaming, e-commerce, and the blockchain. Many luxury names are increasingly investing in the metaverse to bolster their digital presence.</p><p>Analysts at <b>Morgan Stanley</b> (NYSE:MS)estimate that non-fungible tokens (NFTs) and social gaming could expand the total addressable market of luxury stocks by more than 10% in eight years, leading to additional sales that could reach $50 billion by 2030. Themetaverseis also expected to boost industry earnings before interest and tax by around 25%.</p><p>In social gaming, players add luxury products to their online avatars to enhance their player image. However, the more significant opportunity lies in the NFT market, where luxury companies sell exclusive versions of their digital products.</p><p>With this in mind, here are three luxury stocks that look poised to profit from the metaverse in 2022:</p><ul><li><b>Burberry Group</b>(OTCMKTS:<b>BURBY</b>)</li><li><b>Kering</b>(OTCMKTS:<b><u>PPRUY</u></b>)</li><li><b>Ralph Lauren</b>(NYSE:<b>RL</b>)</li></ul><p><b>Luxury stocks: Burberry Group</b>(BURBY)</p><p>52 week range: $21.45 – $32.17</p><p>Dividend Yield: 3.13%</p><p>Our first luxury stock comes from the other side of the Atlantic. The London-based Burberry sells apparel, fragrances, and fashion accessories globally.</p><p>In August 2021, the luxury brand partnered with Mythical Games. It has issued a vinyl NFT toy version of its signature Sharky B character. Burberry sold out all 750 NFT units within30 seconds. In addition, the company recently revealed a 3D animation of its deer mascot for Singles’ Day in China.</p><p>Burberry released 2021 financial results in mid-January. Annual revenue was 2.34 billion pounds sterling, a decline of 11% year-over-year (YOY). Revenue increased in the Asia Pacific region by over 15%. However, rest of the world saw double-digit declines.</p><p>Burberry hovers around $22, down 17% over the past year. Shares are trading at 18.8times forward earnings and 2.95 times trailing sales. The 12-month median price forecast for Burberrystands at $29.82.</p><p><b>Kering</b>(PPRUY)</p><p>52 week range: $60.72 – $93.44</p><p>Dividend Yield: 1.59%</p><p>Paris-based Kering is the second-largest luxury goods conglomerate worldwide. Several of its brands include Gucci, Alexander McQueen, Balenciaga, and Yves Saint Laurent.</p><p>Gucci has a collaboration with gaming platform <b>Roblox</b> (NYSE:RBLX), allowing players to purchase digital Gucci items within the game. A virtual Gucci purse was recently resold for more money than its real-world counterpart. In addition, Balenciaga has a partnership with <b>Epic Games</b> for in-game merchandise of the online game Fortnite.</p><p>Kering announced strong 2021 annual results on Feb. 17. Revenue increased 35% YOY to 17.64 billion euros. Management highlighted the record recurring operating income, which was up 60%.</p><p>Kering stock hovers around $61, up less than 1% over the past year. However, it’s down 24% year-to-date (YTD). Shares are trading at 20.4 times forward earnings and 4.52 times trailing sales.</p><p><b>Luxury Stocks: Ralph Lauren</b>(RL)</p><p>52 week range: $114.51 – $122.82</p><p>Dividend Yield: 2.14%</p><p>Our last stock is the New York-based Ralph Lauren, another well-known domestic luxury brand. Its products include apparel, footwear, home products, fragrances and jewelry.</p><p>Ralph Lauren is adding non fungible-tokens (NFT) elements to new collections. It has recently partnered with Roblox to launch The Ralph Lauren Winter Escape. Now, players purchase clothing to customize their avatars at virtual Polo Shops.</p><p>The luxury brand announcedQ3 FY22 results on Feb. 3. Revenue increased 27% YOY to $1.8 billion. Adjusted net income came in at $218 million, or $2.94 per diluted share, up from $125 million, or $1.67 per diluted share, in the prior-year quarter. Cash and equivalents ended the period at $3 billion.</p><p>RL stock hovers at $130 territory, down 5% over the past 12 months. It’s down 3% YTD. Shares are trading at 14.5 times forward earnings and 1.7 times trailing sales. The 12-month median price forecast for Ralph Lauren stands at $143.50.</p><p></p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Luxury Stocks to Buy to Profit From Metaverse Mania</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Luxury Stocks to Buy to Profit From Metaverse Mania\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-05 08:02 GMT+8 <a href=https://investorplace.com/2022/03/3-luxury-stocks-to-buy-to-profit-from-metaverse-mania/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Luxury stocks are gaining traction as their brands seek ways to enter the metaverse, which combines mixed reality (MR) with social gaming, e-commerce, and the blockchain. Many luxury names are ...</p>\n\n<a href=\"https://investorplace.com/2022/03/3-luxury-stocks-to-buy-to-profit-from-metaverse-mania/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RL":"拉夫劳伦","BURBY":"Burberry Group Plc","PPRUY":"Kering SA"},"source_url":"https://investorplace.com/2022/03/3-luxury-stocks-to-buy-to-profit-from-metaverse-mania/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191967456","content_text":"Luxury stocks are gaining traction as their brands seek ways to enter the metaverse, which combines mixed reality (MR) with social gaming, e-commerce, and the blockchain. Many luxury names are increasingly investing in the metaverse to bolster their digital presence.Analysts at Morgan Stanley (NYSE:MS)estimate that non-fungible tokens (NFTs) and social gaming could expand the total addressable market of luxury stocks by more than 10% in eight years, leading to additional sales that could reach $50 billion by 2030. Themetaverseis also expected to boost industry earnings before interest and tax by around 25%.In social gaming, players add luxury products to their online avatars to enhance their player image. However, the more significant opportunity lies in the NFT market, where luxury companies sell exclusive versions of their digital products.With this in mind, here are three luxury stocks that look poised to profit from the metaverse in 2022:Burberry Group(OTCMKTS:BURBY)Kering(OTCMKTS:PPRUY)Ralph Lauren(NYSE:RL)Luxury stocks: Burberry Group(BURBY)52 week range: $21.45 – $32.17Dividend Yield: 3.13%Our first luxury stock comes from the other side of the Atlantic. The London-based Burberry sells apparel, fragrances, and fashion accessories globally.In August 2021, the luxury brand partnered with Mythical Games. It has issued a vinyl NFT toy version of its signature Sharky B character. Burberry sold out all 750 NFT units within30 seconds. In addition, the company recently revealed a 3D animation of its deer mascot for Singles’ Day in China.Burberry released 2021 financial results in mid-January. Annual revenue was 2.34 billion pounds sterling, a decline of 11% year-over-year (YOY). Revenue increased in the Asia Pacific region by over 15%. However, rest of the world saw double-digit declines.Burberry hovers around $22, down 17% over the past year. Shares are trading at 18.8times forward earnings and 2.95 times trailing sales. The 12-month median price forecast for Burberrystands at $29.82.Kering(PPRUY)52 week range: $60.72 – $93.44Dividend Yield: 1.59%Paris-based Kering is the second-largest luxury goods conglomerate worldwide. Several of its brands include Gucci, Alexander McQueen, Balenciaga, and Yves Saint Laurent.Gucci has a collaboration with gaming platform Roblox (NYSE:RBLX), allowing players to purchase digital Gucci items within the game. A virtual Gucci purse was recently resold for more money than its real-world counterpart. In addition, Balenciaga has a partnership with Epic Games for in-game merchandise of the online game Fortnite.Kering announced strong 2021 annual results on Feb. 17. Revenue increased 35% YOY to 17.64 billion euros. Management highlighted the record recurring operating income, which was up 60%.Kering stock hovers around $61, up less than 1% over the past year. However, it’s down 24% year-to-date (YTD). Shares are trading at 20.4 times forward earnings and 4.52 times trailing sales.Luxury Stocks: Ralph Lauren(RL)52 week range: $114.51 – $122.82Dividend Yield: 2.14%Our last stock is the New York-based Ralph Lauren, another well-known domestic luxury brand. Its products include apparel, footwear, home products, fragrances and jewelry.Ralph Lauren is adding non fungible-tokens (NFT) elements to new collections. It has recently partnered with Roblox to launch The Ralph Lauren Winter Escape. Now, players purchase clothing to customize their avatars at virtual Polo Shops.The luxury brand announcedQ3 FY22 results on Feb. 3. Revenue increased 27% YOY to $1.8 billion. Adjusted net income came in at $218 million, or $2.94 per diluted share, up from $125 million, or $1.67 per diluted share, in the prior-year quarter. Cash and equivalents ended the period at $3 billion.RL stock hovers at $130 territory, down 5% over the past 12 months. It’s down 3% YTD. Shares are trading at 14.5 times forward earnings and 1.7 times trailing sales. The 12-month median price forecast for Ralph Lauren stands at $143.50.","news_type":1},"isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
