KateJhui23 personal page - To The Moon

KateJhui23

KateJhui23

BeYourselfBeHappyStayStrong

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2021-06-03

Good ??????????

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

2021-06-03

Wow~

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2021-06-03

I see[Smile] [Smile]

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2021-06-03

Really??[Doubt]

Hong Kong’s Auditor Watchdog Says Major Improvements Are Needed

2021-06-02

I’m new comer . Wish to learn more from u all[Heart]

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2021-06-02

Wowww ~ cool [Cool] [Cool] [Cool]

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2021-06-02

Thanks for info , [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands]

Forget Dogecoin: These Stocks Can Triple Your Money

2021-06-02

[Thinking]

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2021-06-02

Thanks

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2021-06-02

[Grin]

Zoom Video to Report Q1 Earnings: What's in the Cards?

2021-06-02

[Smile] [Strong]

Alibaba: One Of The Really Cheap Bargains In This Market

2021-06-02

[Cool]

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2021-06-02

Good

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2021-06-02

Wowww

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2021-06-02

Thanks

3 Stocks to Avoid This Week

2021-06-02

#HaveAGoodDayAhead???

Go to Tiger App to see more news

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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","ACB":"奥罗拉大麻公司","CRON":"Cronos Group Inc.","TLRY":"Tilray Inc.","SNDL":"SNDL Inc.","MJ":"Amplify Alternative Harvest ETF","AMZN":"亚马逊"},"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":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118679366,"gmtCreate":1622731844555,"gmtModify":1704190073665,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"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/118679366","repostId":"1156112712","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118670655,"gmtCreate":1622731819277,"gmtModify":1704190072375,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"I see[Smile]&nbsp;[Smile]&nbsp;","listText":"I see[Smile]&nbsp;[Smile]&nbsp;","text":"I see[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118670655","repostId":"2140424584","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118647952,"gmtCreate":1622731773176,"gmtModify":1704190069628,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Really??[Doubt]&nbsp;","listText":"Really??[Doubt]&nbsp;","text":"Really??[Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118647952","repostId":"1163764639","repostType":4,"repost":{"id":"1163764639","pubTimestamp":1622725831,"share":"https://ttm.financial/m/news/1163764639?lang=&edition=fundamental","pubTime":"2021-06-03 21:10","market":"hk","language":"en","title":"Hong Kong’s Auditor Watchdog Says Major Improvements Are Needed","url":"https://stock-news.laohu8.com/highlight/detail?id=1163764639","media":"Bloomberg","summary":"Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-qu","content":"<p>Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-quarters of inspections showing sub-par work, according to the accounting industry watchdog.</p>\n<p>In inspections, 73% of the cases showed a need for “improvement” or “significant improvement,” the Financial Reporting Council said. More than 80% of the audits inspected showed instances of inadequate skepticism, the watchdog’s first&nbsp;annual inspection report&nbsp;after commencing a new regulatory regime showed.</p>\n<p>“As such the quality of these audits was far below the standard that we expect and hence needs to be significantly improved by firms of all sizes,” FRC Chief Executive Officer Marek Grabowski said in a statement.</p>\n<p>Inadequate work included insufficient challenges to key assumptions, business rationales and a lack of consideration to relevant facts and available evidence, the FRC said. Inspected engagements rated as “significant improvements required” are likely to be referred for enforcement action, including investigations or disciplinary action, according to the report.</p>\n<p>Hong Kong was in April hit by trading suspensions of more than 50 companies after they failed to report earnings on time, some citing a dispute with their accountants.</p>\n<p>Among the about 2,500 publicly traded companies in the former British colony, audit work was shared by fewer than 80 audit firms that fall under FRC supervision after the city moved from an industry self-oversight model in late 2019. As the city slowly recovers from pandemic and the political turmoil since 2019, the FRC is also facing added responsibilities in overseeing the audits of a bevy of Chinese firms that are listing in the city amid pressure to delist in the U.S.</p>\n<p>Among the engagements inspected by the FRC were working papers concerning mainland Chinese firms available in Hong Kong, following a memorandum of understanding it signed with Chinese authorities to gain access to documents otherwise denied to offshore regulators.</p>\n<p>The FRC completed 37 engagement inspections and another 18 on quality control systems.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong’s Auditor Watchdog Says Major Improvements Are Needed</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\">\nHong Kong’s Auditor Watchdog Says Major Improvements Are Needed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-03/hong-kong-s-auditor-watchdog-says-major-improvements-are-needed><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-quarters of inspections showing sub-par work, according to the accounting industry watchdog.\nIn ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-03/hong-kong-s-auditor-watchdog-says-major-improvements-are-needed\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSTECH":"恒生科技指数","HSCCI":"红筹指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-03/hong-kong-s-auditor-watchdog-says-major-improvements-are-needed","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163764639","content_text":"Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-quarters of inspections showing sub-par work, according to the accounting industry watchdog.\nIn inspections, 73% of the cases showed a need for “improvement” or “significant improvement,” the Financial Reporting Council said. More than 80% of the audits inspected showed instances of inadequate skepticism, the watchdog’s first annual inspection report after commencing a new regulatory regime showed.\n“As such the quality of these audits was far below the standard that we expect and hence needs to be significantly improved by firms of all sizes,” FRC Chief Executive Officer Marek Grabowski said in a statement.\nInadequate work included insufficient challenges to key assumptions, business rationales and a lack of consideration to relevant facts and available evidence, the FRC said. Inspected engagements rated as “significant improvements required” are likely to be referred for enforcement action, including investigations or disciplinary action, according to the report.\nHong Kong was in April hit by trading suspensions of more than 50 companies after they failed to report earnings on time, some citing a dispute with their accountants.\nAmong the about 2,500 publicly traded companies in the former British colony, audit work was shared by fewer than 80 audit firms that fall under FRC supervision after the city moved from an industry self-oversight model in late 2019. As the city slowly recovers from pandemic and the political turmoil since 2019, the FRC is also facing added responsibilities in overseeing the audits of a bevy of Chinese firms that are listing in the city amid pressure to delist in the U.S.\nAmong the engagements inspected by the FRC were working papers concerning mainland Chinese firms available in Hong Kong, following a memorandum of understanding it signed with Chinese authorities to gain access to documents otherwise denied to offshore regulators.\nThe FRC completed 37 engagement inspections and another 18 on quality control systems.","news_type":1},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113398345,"gmtCreate":1622593156887,"gmtModify":1704186861576,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"I’m new comer . Wish to learn more from u all[Heart]&nbsp;","listText":"I’m new comer . Wish to learn more from u all[Heart]&nbsp;","text":"I’m new comer . Wish to learn more from u all[Heart]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113398345","repostId":"1155065396","repostType":4,"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113308334,"gmtCreate":1622592793928,"gmtModify":1704186847834,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Wowww ~ cool [Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","listText":"Wowww ~ cool [Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","text":"Wowww ~ cool [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113308334","repostId":"1183596556","repostType":4,"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113975861,"gmtCreate":1622592562853,"gmtModify":1704186837770,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Thanks for info , [ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;","listText":"Thanks for info , [ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;","text":"Thanks for info , [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113975861","repostId":"2140580461","repostType":4,"repost":{"id":"2140580461","pubTimestamp":1622558692,"share":"https://ttm.financial/m/news/2140580461?lang=&edition=fundamental","pubTime":"2021-06-01 22:44","market":"us","language":"en","title":"Forget Dogecoin: These Stocks Can Triple Your Money","url":"https://stock-news.laohu8.com/highlight/detail?id=2140580461","media":"Motley Fool","summary":"Ignore crypto's biggest pump-and-dump scheme and buy these innovative growth stocks instead.","content":"<p>History is pretty clear: When it comes to the top-performing investment vehicles, the stock market takes the crown. Stocks might not be the best-performing asset every year, but compared to gold, oil, housing, and bonds, none even comes close to the average annual total return of stocks over the very long run.</p>\n<p>However, the supremacy of equities is very much being challenged by the rise of cryptocurrencies. The largest digital currency in the world, <b>Bitcoin</b>, catapulted from under $1 to nearly $65,000 in a little over a decade.</p>\n<p>But it's not Bitcoin that has cast a spell on cryptocurrency investors. Rather, they've been mesmerized by meme-based crypto <b>Dogecoin</b> (CRYPTO:DOGE).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af8df4a956b5e059cc28d3497a60b006\" tg-width=\"700\" tg-height=\"466\"><span>Meme-based crypto Dogecoin was inspired by the Shiba Inu dog breed. Image source: Getty Images.</span></p>\n<h2>The Dogecoin bull thesis is full of hot air</h2>\n<p>It's no secret that retail investors love chasing high-return momentum assets, and that's exactly what Dogecoin has been. At its peak of $0.73 in early May, Dogecoin had risen more than 27,000% on a trailing-six-month basis. This six-month return outpaced the total return, including dividends, for the benchmark <b>S&amp;P 500</b> since 1964.</p>\n<p>While there's no denying that Dogecoin has been a significant outperformer, there's also nothing tangible in its sails. In other words, Dogecoin is a hype-driven digital currency that's very likely going to implode at some point in the future.</p>\n<p>You might be thinking: \"What about all the good things I've heard about Dogecoin? Doesn't it have low transaction fees and isn't it being accepted in more places?\" The fact is that Dogecoin's transaction fees are significantly undercut by at least a half-dozen other very popular cryptocurrencies, and it is a lot slower at validating and settling transactions than its peers. To boot, Dogecoin has only been accepted as payment by approximately 1,300 businesses worldwide -- and it's taken eight years to reach this mark.</p>\n<p>To make matters worse, the bulk of Dogecoin's gains have come on the back of tweets from <b>Tesla</b>&nbsp;CEO Elon Musk. If I go outside and yell \"<b>Ford</b>\" at the top of my lungs, Ford's valuation shouldn't shoot up 30%. But that's what's been happening with Musk every time he mentions Dogecoin or posts a meme.</p>\n<p>The writing is on the wall that this is nothing more than a pump-and-dump scheme.</p>\n<h2>This trio of stocks could triple your money</h2>\n<p>Instead of throwing away your hard-earned money on a digital currency that lacks differentiation, I'd suggest putting it to work in stocks that'll give you a real chance to grow your wealth. The following trio of stocks all have the potential to triple your money.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86dde557e543a4e82531f33e33412739\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Pinterest.</span></p>\n<h2>Pinterest</h2>\n<p>First up is social media up-and-comer <b>Pinterest</b> (NYSE:PINS). Don't be fooled by the company's $41 billion market cap: There's ample upside here for it to grow into megacap status well before the decade is over.</p>\n<p>To be up front, Pinterest has certainly benefited from the circumstances surrounding the pandemic. With people stuck in their homes, many turned online for entertainment. Last year, Pinterest's growth in monthly active users (MAUs) catapulted higher by 37%, and as of the end of March stood at 478 million MAUs. Although user growth will probably taper a bit as life in some parts of the world returns to some semblance of normal, let's keep in mind that Pinterest's MAUs were growing by an average of 30% annually in the three years preceding the pandemic. Bringing new users to its platform and keeping them engaged has never been an issue.</p>\n<p>Another thing Pinterest is exceptional at is bringing in new users from outside the United States. On <a href=\"https://laohu8.com/S/AONE\">one</a> hand, advertisers will pay top dollar for U.S. MAUs. This means the new users Pinterest is adding generate considerably lower average revenue than U.S. MAUs. But here's the catch: There's the potential to double international average revenue per user many times over this decade. As the company adds 100 million or more international MAUs annually, its ad-pricing power with merchants is bound to move higher.</p>\n<p>Lastly, don't overlook Pinterest's potential as a major e-commerce destination. Its platform might be about sharing the products, places, and services people like with others, but what it really does is give Pinterest the most targeted audience of shoppers on the planet. If it can connect merchants that meet these interests with its users, the sky is the limit for Pinterest as an e-commerce platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7d570d191cb44bd70cc66f7531503ca\" tg-width=\"700\" tg-height=\"462\"><span>Image source: Getty Images.</span></p>\n<h2>Root</h2>\n<p>Another transformative stock that has the ability to triple your money is insurance products company <b>Root</b> (NASDAQ:ROOT).</p>\n<p>I know what you're probably thinking: \"Insurance is a slow-growing, boring industry,\" and you're absolutely right. That's why I've chosen Root: because it's not your typical insurance company.</p>\n<p>Instead of focusing on pre-determined demographic markers and credit scores to come up with monthly premiums for auto insurance customers, Root is leaning on telematics. In other words, it's relying on highly sensitive devices found in people's smartphones that measure factors like G-forces and take into account hard braking. The goal for Root is to price your policy up front based on your actual driving habits, rather than after the fact like all other insurance companies do. It'll also be dynamically adjusting policy prices as policy factors change.</p>\n<p>To get the obvious out of the way, Root is losing quite a bit of money as it launches its brand-new pricing model on a mainstream basis. Although the pandemic slowed its marketing expenses, the company is planning to ramp up marketing in 2021 and beyond to get its name in front of drivers.</p>\n<p>Interestingly, we've witnessed a positive trend in the company's direct accident period loss ratio. Navigating through the insurance industry jargon, it means the company's telematics-based approach of pricing policies based on how people actually drive seems to be working. The direct accident period loss ratio was 106% (anything above 100% is unprofitable) in the first quarter of 2019 and just 77% in the same period in 2021.</p>\n<p>What's more, Root isn't just focusing on auto policies. The plan is to expand into new verticals, which will likely encourage existing auto clients to remain loyal to the brand.</p>\n<p>Root will require some patience, but it could pay handsome rewards.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c2902426a62a08435f7d40bec78432d\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Jushi Holdings</h2>\n<p>Forget Dogecoin! If you want to be shown the green, put your money to work in U.S. marijuana stocks like <b>Jushi Holdings</b> (OTC:JUSHF).</p>\n<p>Though cannabis is growing at a pretty healthy clip worldwide, the U.S. is the undisputed No. 1 market for weed. By the middle of the decade, <a href=\"https://laohu8.com/S/NFC.U\">New Frontier</a> Data has forecast, annual sales in the U.S. could top $41 billion. That would be somewhere in the neighborhood of six or seven times the annual sales potential of our northerly neighbor Canada, which legalized recreational pot in 2018.</p>\n<p>Jushi is a small-cap multistate operator (MSO). MSOs are companies that control the seed-to-sale process. They have their own cultivation facilities, often process the cannabis into finished products, and retail it in their dispensaries.</p>\n<p>What's unique about Jushi is its targeting of three states: Pennsylvania, Illinois, and Virginia. Though it's not the only MSO to have a narrow focus, these three states all share <a href=\"https://laohu8.com/S/AONE.U\">one</a> big distinction: limited retail license issuance. Pennsylvania and Illinois cap the total number of licenses they'll issue, as well as the maximum number of dispensaries a company can open. Meanwhile, Virginia assigns licenses by jurisdiction. What this allows Jushi to do is build up its brand and generate a loyal following without having to face a large number of competitors.</p>\n<p>The company hasn't been afraid to use its piggy bank to solidify its position in key states, either. In recent months, Jushi has expanded its medical marijuana cultivation assets in Pennsylvania and scooped up dispensaries in California, the largest weed market in the world by annual sales.</p>\n<p>Jushi may well be the fastest-growing pot stock over the next three years.</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>Forget Dogecoin: These Stocks Can Triple Your Money</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\">\nForget Dogecoin: These Stocks Can Triple Your Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/01/forget-dogecoin-these-stocks-can-triple-your-money/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>History is pretty clear: When it comes to the top-performing investment vehicles, the stock market takes the crown. Stocks might not be the best-performing asset every year, but compared to gold, oil,...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/01/forget-dogecoin-these-stocks-can-triple-your-money/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PINS":"Pinterest, Inc.","ROOT":"Root, Inc.","JUSHF":"Jushi Holdings Inc."},"source_url":"https://www.fool.com/investing/2021/06/01/forget-dogecoin-these-stocks-can-triple-your-money/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140580461","content_text":"History is pretty clear: When it comes to the top-performing investment vehicles, the stock market takes the crown. Stocks might not be the best-performing asset every year, but compared to gold, oil, housing, and bonds, none even comes close to the average annual total return of stocks over the very long run.\nHowever, the supremacy of equities is very much being challenged by the rise of cryptocurrencies. The largest digital currency in the world, Bitcoin, catapulted from under $1 to nearly $65,000 in a little over a decade.\nBut it's not Bitcoin that has cast a spell on cryptocurrency investors. Rather, they've been mesmerized by meme-based crypto Dogecoin (CRYPTO:DOGE).\nMeme-based crypto Dogecoin was inspired by the Shiba Inu dog breed. Image source: Getty Images.\nThe Dogecoin bull thesis is full of hot air\nIt's no secret that retail investors love chasing high-return momentum assets, and that's exactly what Dogecoin has been. At its peak of $0.73 in early May, Dogecoin had risen more than 27,000% on a trailing-six-month basis. This six-month return outpaced the total return, including dividends, for the benchmark S&P 500 since 1964.\nWhile there's no denying that Dogecoin has been a significant outperformer, there's also nothing tangible in its sails. In other words, Dogecoin is a hype-driven digital currency that's very likely going to implode at some point in the future.\nYou might be thinking: \"What about all the good things I've heard about Dogecoin? Doesn't it have low transaction fees and isn't it being accepted in more places?\" The fact is that Dogecoin's transaction fees are significantly undercut by at least a half-dozen other very popular cryptocurrencies, and it is a lot slower at validating and settling transactions than its peers. To boot, Dogecoin has only been accepted as payment by approximately 1,300 businesses worldwide -- and it's taken eight years to reach this mark.\nTo make matters worse, the bulk of Dogecoin's gains have come on the back of tweets from Tesla CEO Elon Musk. If I go outside and yell \"Ford\" at the top of my lungs, Ford's valuation shouldn't shoot up 30%. But that's what's been happening with Musk every time he mentions Dogecoin or posts a meme.\nThe writing is on the wall that this is nothing more than a pump-and-dump scheme.\nThis trio of stocks could triple your money\nInstead of throwing away your hard-earned money on a digital currency that lacks differentiation, I'd suggest putting it to work in stocks that'll give you a real chance to grow your wealth. The following trio of stocks all have the potential to triple your money.\nImage source: Pinterest.\nPinterest\nFirst up is social media up-and-comer Pinterest (NYSE:PINS). Don't be fooled by the company's $41 billion market cap: There's ample upside here for it to grow into megacap status well before the decade is over.\nTo be up front, Pinterest has certainly benefited from the circumstances surrounding the pandemic. With people stuck in their homes, many turned online for entertainment. Last year, Pinterest's growth in monthly active users (MAUs) catapulted higher by 37%, and as of the end of March stood at 478 million MAUs. Although user growth will probably taper a bit as life in some parts of the world returns to some semblance of normal, let's keep in mind that Pinterest's MAUs were growing by an average of 30% annually in the three years preceding the pandemic. Bringing new users to its platform and keeping them engaged has never been an issue.\nAnother thing Pinterest is exceptional at is bringing in new users from outside the United States. On one hand, advertisers will pay top dollar for U.S. MAUs. This means the new users Pinterest is adding generate considerably lower average revenue than U.S. MAUs. But here's the catch: There's the potential to double international average revenue per user many times over this decade. As the company adds 100 million or more international MAUs annually, its ad-pricing power with merchants is bound to move higher.\nLastly, don't overlook Pinterest's potential as a major e-commerce destination. Its platform might be about sharing the products, places, and services people like with others, but what it really does is give Pinterest the most targeted audience of shoppers on the planet. If it can connect merchants that meet these interests with its users, the sky is the limit for Pinterest as an e-commerce platform.\nImage source: Getty Images.\nRoot\nAnother transformative stock that has the ability to triple your money is insurance products company Root (NASDAQ:ROOT).\nI know what you're probably thinking: \"Insurance is a slow-growing, boring industry,\" and you're absolutely right. That's why I've chosen Root: because it's not your typical insurance company.\nInstead of focusing on pre-determined demographic markers and credit scores to come up with monthly premiums for auto insurance customers, Root is leaning on telematics. In other words, it's relying on highly sensitive devices found in people's smartphones that measure factors like G-forces and take into account hard braking. The goal for Root is to price your policy up front based on your actual driving habits, rather than after the fact like all other insurance companies do. It'll also be dynamically adjusting policy prices as policy factors change.\nTo get the obvious out of the way, Root is losing quite a bit of money as it launches its brand-new pricing model on a mainstream basis. Although the pandemic slowed its marketing expenses, the company is planning to ramp up marketing in 2021 and beyond to get its name in front of drivers.\nInterestingly, we've witnessed a positive trend in the company's direct accident period loss ratio. Navigating through the insurance industry jargon, it means the company's telematics-based approach of pricing policies based on how people actually drive seems to be working. The direct accident period loss ratio was 106% (anything above 100% is unprofitable) in the first quarter of 2019 and just 77% in the same period in 2021.\nWhat's more, Root isn't just focusing on auto policies. The plan is to expand into new verticals, which will likely encourage existing auto clients to remain loyal to the brand.\nRoot will require some patience, but it could pay handsome rewards.\nImage source: Getty Images.\nJushi Holdings\nForget Dogecoin! If you want to be shown the green, put your money to work in U.S. marijuana stocks like Jushi Holdings (OTC:JUSHF).\nThough cannabis is growing at a pretty healthy clip worldwide, the U.S. is the undisputed No. 1 market for weed. By the middle of the decade, New Frontier Data has forecast, annual sales in the U.S. could top $41 billion. That would be somewhere in the neighborhood of six or seven times the annual sales potential of our northerly neighbor Canada, which legalized recreational pot in 2018.\nJushi is a small-cap multistate operator (MSO). MSOs are companies that control the seed-to-sale process. They have their own cultivation facilities, often process the cannabis into finished products, and retail it in their dispensaries.\nWhat's unique about Jushi is its targeting of three states: Pennsylvania, Illinois, and Virginia. Though it's not the only MSO to have a narrow focus, these three states all share one big distinction: limited retail license issuance. Pennsylvania and Illinois cap the total number of licenses they'll issue, as well as the maximum number of dispensaries a company can open. Meanwhile, Virginia assigns licenses by jurisdiction. What this allows Jushi to do is build up its brand and generate a loyal following without having to face a large number of competitors.\nThe company hasn't been afraid to use its piggy bank to solidify its position in key states, either. In recent months, Jushi has expanded its medical marijuana cultivation assets in Pennsylvania and scooped up dispensaries in California, the largest weed market in the world by annual sales.\nJushi may well be the fastest-growing pot stock over the next three years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113978358,"gmtCreate":1622592474474,"gmtModify":1704186833889,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Thinking]&nbsp;","listText":"[Thinking]&nbsp;","text":"[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/113978358","repostId":"1143584889","repostType":4,"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113970437,"gmtCreate":1622592400929,"gmtModify":1704186830169,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113970437","repostId":"1112782785","repostType":4,"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113945787,"gmtCreate":1622592324149,"gmtModify":1704186826266,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113945787","repostId":"2138889344","repostType":4,"repost":{"id":"2138889344","pubTimestamp":1622546894,"share":"https://ttm.financial/m/news/2138889344?lang=&edition=fundamental","pubTime":"2021-06-01 19:28","market":"us","language":"en","title":"Zoom Video to Report Q1 Earnings: What's in the Cards?","url":"https://stock-news.laohu8.com/highlight/detail?id=2138889344","media":"Zacks","summary":"Zoom Video Communications is set to report first-quarter fiscal 2022 results on Jun 1.For the quarte","content":"<p><b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications</b> is set to report first-quarter fiscal 2022 results on Jun 1.</p><p>For the quarter, the company expects non-GAAP earnings between 95 cents and 97 cents per share. Total revenues are expected between $900 million and $905 million.</p><p>The Zacks Consensus Estimate for earnings stayed at 97 cents per share over the past 30 days. The company had reported earnings of 20 cents per share in the year-ago quarter.</p><p>The consensus mark for revenues is pegged at $905.2 million, suggesting 175.8% growth from the figure reported in the year-ago quarter.</p><h3>Zoom Video Communications, Inc. Price and EPS Surprise</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc75f53073be8992ce4f8cf58d4ebd0a\" tg-width=\"539\" tg-height=\"264\"><span>Zoom Video Communications, Inc. price-eps-surprise | Zoom Video Communications, Inc. Quote</span></p><p>Zoom’s earnings beat the Zacks Consensus Estimate in all of the past four quarters, the average surprise being 73.2%.</p><p>Let’s see how things have shaped up for this announcement.</p><h3>Factors to Watch</h3><p>Zoom’s fiscal first-quarter revenues are expected to have benefited from the coronavirus-induced work-from-home and online-learning wave despite the vaccination campaigns.</p><p>Notably, the company’s freemium business model helps it win customers rapidly, whom it can later convert into paying customers. Net dollar-expansion rate on a trailing twelve-month basis was more than 156% in fourth-quarter fiscal 2021. The momentum is expected to have continued in the to-be-reported quarter.</p><p>Further, the availability of Zoom For Home, which supports remote working for business professionals, has been a key catalyst.</p><p>Additionally, this Zacks Rank #2 (Buy) company’s strong partner base, that includes the likes of <b>Atlassian</b>, <b><a href=\"https://laohu8.com/S/NOW\">ServiceNow</a></b> and Dropbox, is expected to have benefited the company in winning enterprise customers in fiscal first quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.</p><p>However, Zoom Video continues to face significant competition from the likes of <b>Cisco</b>, Microsoft and Google Meet. This might have led to loss in small and medium business customers, which is likely to have hurt top-line growth.</p><h3>Key Q1 Highlights</h3><p>During the to-be-reported quarter, Zoom announced $100 million venture fund called Zoom Apps Fund, aimed at stimulating growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform and hardware.</p><p>Moreover, during the quarter, Zoom and Formula 1 announced that they have entered a new extensive multi-year partnership across the upcoming 2021 FIA Formula One World Championship racing season and beyond.</p><p>Further, in February, Zoom announced the availability of Zoom Rooms that will help organizations safely re-enter the office and sustain an “everywhere workforce”.</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>Zoom Video to Report Q1 Earnings: What's in the Cards?</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\">\nZoom Video to Report Q1 Earnings: What's in the Cards?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 19:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1619568/zoom-video-zm-to-report-q1-earnings-whats-in-the-cards?art_rec=quote-stock_overview-zacks_news-ID05-txt-1619568><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zoom Video Communications is set to report first-quarter fiscal 2022 results on Jun 1.For the quarter, the company expects non-GAAP earnings between 95 cents and 97 cents per share. Total revenues are...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1619568/zoom-video-zm-to-report-q1-earnings-whats-in-the-cards?art_rec=quote-stock_overview-zacks_news-ID05-txt-1619568\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.zacks.com/stock/news/1619568/zoom-video-zm-to-report-q1-earnings-whats-in-the-cards?art_rec=quote-stock_overview-zacks_news-ID05-txt-1619568","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138889344","content_text":"Zoom Video Communications is set to report first-quarter fiscal 2022 results on Jun 1.For the quarter, the company expects non-GAAP earnings between 95 cents and 97 cents per share. Total revenues are expected between $900 million and $905 million.The Zacks Consensus Estimate for earnings stayed at 97 cents per share over the past 30 days. The company had reported earnings of 20 cents per share in the year-ago quarter.The consensus mark for revenues is pegged at $905.2 million, suggesting 175.8% growth from the figure reported in the year-ago quarter.Zoom Video Communications, Inc. Price and EPS SurpriseZoom Video Communications, Inc. price-eps-surprise | Zoom Video Communications, Inc. QuoteZoom’s earnings beat the Zacks Consensus Estimate in all of the past four quarters, the average surprise being 73.2%.Let’s see how things have shaped up for this announcement.Factors to WatchZoom’s fiscal first-quarter revenues are expected to have benefited from the coronavirus-induced work-from-home and online-learning wave despite the vaccination campaigns.Notably, the company’s freemium business model helps it win customers rapidly, whom it can later convert into paying customers. Net dollar-expansion rate on a trailing twelve-month basis was more than 156% in fourth-quarter fiscal 2021. The momentum is expected to have continued in the to-be-reported quarter.Further, the availability of Zoom For Home, which supports remote working for business professionals, has been a key catalyst.Additionally, this Zacks Rank #2 (Buy) company’s strong partner base, that includes the likes of Atlassian, ServiceNow and Dropbox, is expected to have benefited the company in winning enterprise customers in fiscal first quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.However, Zoom Video continues to face significant competition from the likes of Cisco, Microsoft and Google Meet. This might have led to loss in small and medium business customers, which is likely to have hurt top-line growth.Key Q1 HighlightsDuring the to-be-reported quarter, Zoom announced $100 million venture fund called Zoom Apps Fund, aimed at stimulating growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform and hardware.Moreover, during the quarter, Zoom and Formula 1 announced that they have entered a new extensive multi-year partnership across the upcoming 2021 FIA Formula One World Championship racing season and beyond.Further, in February, Zoom announced the availability of Zoom Rooms that will help organizations safely re-enter the office and sustain an “everywhere workforce”.","news_type":1},"isVote":1,"tweetType":1,"viewCount":622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113942776,"gmtCreate":1622592292995,"gmtModify":1704186825460,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Smile]&nbsp;[Strong]&nbsp;","listText":"[Smile]&nbsp;[Strong]&nbsp;","text":"[Smile] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113942776","repostId":"1138216687","repostType":4,"repost":{"id":"1138216687","pubTimestamp":1622552095,"share":"https://ttm.financial/m/news/1138216687?lang=&edition=fundamental","pubTime":"2021-06-01 20:54","market":"hk","language":"en","title":"Alibaba: One Of The Really Cheap Bargains In This Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1138216687","media":"seekingalpha","summary":"Alibaba is one of the largest corporations in the world and focusing on retail, cloud and payment services.The company is clearly facing risks due to the tension between Jack Ma and the Chinese government, but I consider these risks to be only temporary.Alibaba is growing with a high pace, has a very stable balance sheet and outperforming many of its peers.So far, I have published over 300 articles on this site and the focus has been clearly on companies having the headquarters in the United Sta","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is one of the largest corporations in the world and focusing on retail, cloud and payment services.</li>\n <li>The company is clearly facing risks due to the tension between Jack Ma and the Chinese government, but I consider these risks to be only temporary.</li>\n <li>Alibaba is growing with a high pace, has a very stable balance sheet and outperforming many of its peers.</li>\n <li>In my opinion, the stock is severely undervalued.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15ac5f97c66688f6d16ce98819ebce4a\" tg-width=\"768\" tg-height=\"512\"><span>Photo by maybefalse/iStock Unreleased via Getty Images</span></p>\n<p>So far, I have published over 300 articles on this site and the focus has been clearly on companies having the headquarters in the United States and stocks listed on an US-based stock exchange. And while I am covering also companies from Germany, France, Great Britain, Sweden or Denmark, I have avoided one country almost completely although it has many interesting investment opportunities: Mainland China.The only company I covered so far&nbsp;is Tencent Holdings Limited (OTCPK:TCEHY).</p>\n<p>And although China has hundreds or thousands of successful companies, most of them are almost unknown in the Western Hemisphere (especially when moving outside of the investing world). And while most investors are familiar with Tencent, there is at least one other company almost every investor has heard of: Alibaba Group Holding Limited (BABA). In the following article, I will analyze Alibaba in my usual way. I will try to determine if Alibaba is a solid business with a wide economic moat and try to answer the question if Alibaba is a solid investment right now.</p>\n<p><b>Business Description</b></p>\n<p>Alibaba Group was founded in 1999 by 18 individuals. Nevertheless, one of these 18 stands out – the former English teacher from Hangzhou, Jack Ma. Over the years, Alibaba evolved in a multinational technology company and with a market capitalization of $570 billion, Alibaba is on the 10thspot on the list of most valuable companies in the world (by market cap). And behind Tencent, which is on the 7thspot on that list, Alibaba is the second most valuable company in China.</p>\n<p>While Alibaba is mostly focused on e-commerce and retail operations, the Alibaba Group is actually a holding company with many different sales services. This includes C2C services, B2C services and B2B services. Aside from retail, the Alibaba Group also offers electronic payment services, shipping search engines and could computing services. The group owns and operates a diverse portfolio of companies around the world in numerous business sectors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b315044f4644568e7df5d95cc6720995\" tg-width=\"640\" tg-height=\"479\"><span>(Source:Alibaba Q4/20 Presentation)</span></p>\n<p>Alibaba is reporting in four different segments:</p>\n<ul>\n <li><b>Core Commerce Revenue</b>: This segment is comprised of platforms operating in retail and wholesale commerce in China as well as logistics services and local consumer services. In fiscal 2021, this segment generated RMB 621.1 billion in revenue and RMB 159 billion in income from operations.</li>\n <li><b>Cloud Computing Revenue</b>: This segment is comprised of Alibaba Cloud, which offers different cloud services to customers worldwide like database, storage, big data analytics, a machine learning platform and large-scale computing security. In fiscal 2021, this segment generated RMB 60.1 billion, but the segment was not profitable so far (a loss of RMB 9 billion).</li>\n <li><b>Digital Media and Entertainment Revenue</b>: This segment uses the deep data insights to serve the broader interests of consumers through key distribution platforms Youku and Alibaba Pictures as well as other content platforms that provide online videos, films, live events, literature and music. In fiscal 2021, this segment generated RMB 31.2 billion, but was also not profitable.</li>\n <li><b>Innovation Initiatives and Others Revenue</b>: This segment includes businesses like Amap, DingTalk, Tmall Genie and others. In fiscal 2021, this segment generated RMB 4.8 billion in revenue, but also an operating loss.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0529c547e87a4c0b023289ecb1822cbc\" tg-width=\"640\" tg-height=\"478\"><span>(Source: Alibaba Q4/20 Presentation)</span></p>\n<p>When looking at the last annual results (fiscal 2021), Alibaba generated RMB 717.3 billion in revenue. Compared to fiscal 2020 (RMB 509.7 billion) this is reflecting an increase of 41%. Adjusted EBITDA in fiscal 2021 was RMB 196.8 billion – an increase of 25% compared to fiscal 2020 (adjusted EBITA of RMB 157.7 billion). Diluted earnings per share actually decreased from RMB 6.99 in fiscal 2020 to RMB 6.84 in fiscal 2021 – reflecting a decrease of 2.1%. But we should not pay too much attention to the earnings per share. Instead, it makes much more sense to look at the free cash flow Alibaba is generating. In fiscal 2021, Alibaba generated RMB 172.7 billion in free cash flow compared to RMB 130.9 billion in free cash flow one year earlier.</p>\n<p><b>Strong Business Among Strong Competitors</b></p>\n<p>What is striking when looking at Alibaba – and what has been discussed several times – is the low multiple for which Alibaba is currently trading. When using the trailing twelve-month GAAP numbers, Alibaba is trading for 25 times earnings, when using the non-GAAP forward numbers, it is trading for a P/E ratio of 20.</p>\n<p>We can compare Alibaba to its peers – companies like Amazon (AMZN), Tencent, Facebook (FB), Microsoft (MSFT) or Alphabet (GOOG). And Alibaba actually belongs in that list as it is not only operating in similar business segments, but it is also growing with similarly high rates. And Alibaba is not only growing with a similar pace; it is actually outperforming most of its peers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b576dcef2e37a02a6eba5677fded8ef8\" tg-width=\"640\" tg-height=\"299\"><span>(Source:Alibaba 2020 Investor Presentations)</span></p>\n<p>While Alibaba is growing with a similar pace like these companies, it is trading for a completely different multiple. Right now, Alibaba is trading for a price-cash-flow ratio of 17, while competitors like Tencent, Facebook or Microsoft are trading for a P/FCF ratio between 35 and 40. It is striking, that the market is assigning these competitors a multiple twice as high and Amazon is actually trading for a multiple more than 4 times higher (price-free-cash-flow ratio of 76).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d2f58771a8062c7bb980622b93073e5\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p>\n<p>Right now, readers might point out, that the comparison to Amazon is misleading as Amazon is still spending a lot of money to achieve future growth and therefore has a lower profit than other companies. And it certainly is true, that Amazon is still focusing on top line growth – sometimes at the expense of bottom-line growth – but so does Alibaba.</p>\n<p>While Amazon spent 10.4% of its revenue as capital expenditures in the last fiscal year, Alibaba spent almost the same amount – 8.9% of revenue. And when looking at the expenses for research and development, we once again see similar numbers. In the last five years, Amazon spent 12.16% of revenue on R&amp;D on average while Alibaba spent 10.38% of its revenue on R&amp;D.</p>\n<p>But while these numbers are quite similar for both companies – Amazon is spending a bit more on R&amp;D than Alibaba – the free cash flow these two companies can generate is completely different. While Amazon only generated 6.7% of revenue as free cash flow in the last fiscal year, Alibaba generated 26.5% of revenue as free cash flow in the last fiscal year – almost four times higher.</p>\n<p>And Alibaba is not only extremely profitable – it was growing with an extremely high pace in the past. During the past ten years, Alibaba could not only grow revenue every single year, it also grew revenue with a CAGR of 62.6%. Earnings per share fluctuated a little bit during these ten years but grew with an even higher pace – a CAGR of 76.29% during the last decade. And finally, free cash flow increased with a CAGR of 59.62% during the last decade.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d3ccaf170c0d86cd8022a68bc3657c30\" tg-width=\"640\" tg-height=\"404\"><span>(Source: Author’s work based on numbers from Morningstar)</span></p>\n<p>When looking at Alibaba’s growth rates in the last few years compared to its competitors, Alibaba is also outperforming. When looking at the revenue CAGR of the last 5 years, we get the following numbers:</p>\n<ul>\n <li>Amazon: 29.26%</li>\n <li>Facebook: 36.82%</li>\n <li>Tencent: 36.20%</li>\n <li>Alphabet: 19.47%</li>\n <li>Microsoft: 8.85%</li>\n <li>Alibaba: 46.24%</li>\n</ul>\n<p>We can spin it how we want: Alibaba is an extremely profitable company growing with extremely high rates but is trading at an extremely low multiple compared to its competitors. It is growing with a higher pace than Microsoft and Facebook, but trading for half the multiple. It is much more profitable than Amazon and also growing at a higher pace, but trading for a quarter of the valuation multiple. At this point, profitability and growth of Alibaba on the one side and the valuation multiple on the other side does not add up. And we have to ask the question, why Alibaba is trading for such a low multiple although it is outperforming many of its peers that trade for much higher multiples.</p>\n<p><b>Risks</b></p>\n<p>When looking at the past performance of Alibaba, we can see, that steep selloffs are quite common as a similar sell-off happened already three times since the IPO in 2014 with the steepest sell-off being more than 50% off the previous high.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4da83a08f0dcfc73534c206e43cb09d3\" tg-width=\"635\" tg-height=\"403\"><span>Data byYCharts</span></p>\n<p>While this might help us a bit, we are still facing high levels of uncertainty and investors usually don’t like uncertainty. Basically, this uncertainty can be summed up in one short sentence: The tense relationship between Alibaba’s founder Jack Ma and the Chinese government is worrying for investors. And this tense relationship is exemplified by several events. It started last year, when the IPO of the company’s fintech affiliate Ant Financial was cancelled. </p>\n<p>This was followed by theinitiation of an antitrust investigation, in which it is investigated if Alibaba had engaged in monopolistic practices (like preventing vendors from selling on other platforms). Additionally, new supervision for Ant Group was also discussed. And finally, at the end of 2020, Jack Ma went missing and it took about three months before the public would hear from him again – another worrying aspect for investors.</p>\n<p>As long as we are talking about risks, there are other aspect I like to mention. I compared Alibaba to Amazon above – and I still think that comparison is appropriate. But we also have to acknowledge, that Alibaba growth potential is limited as the company is mostly focused on China and might have more difficulties to expand globally – compared to Amazon. But considering the growing middle class in China and the high pace with which the economy is still growing we should not worry too much about Alibaba’s growth potential.</p>\n<p>There is a final risk Imentioned in my last article about Tencentand that risk is also applying to Alibaba:</p>\n<blockquote>\n And a final risk is the fact that Tencent is a Chinese company. It is especially difficult to understand different trends before they are happening and predict the future, but while I am familiar with the German culture and the people (habits, preferences, etc.) and can deal with similar countries like France, the United Kingdom, Sweden or the United States, it is rather difficult for me to understand and analyze the consumer behavior and preferences of the Chinese population. This makes it difficult to assess the potential and development of the products and services Tencent offers.\n</blockquote>\n<p>But despite all these issues, there is a comparison I like very much. Very recently,one of my fellow contributorscompared Alibaba’s situation right now to Facebook a few years ago, when it was facing the Cambridge Analytics scandal and also trading for extremely low multiples due to the uncertainties. And it is also interesting, that Wall Street analysts as well as Seeking Alpha contributors are extremely bullish about Alibaba right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44d2ece5c1460e539c9fd4fb4ba63bf7\" tg-width=\"640\" tg-height=\"195\"><span>(Source:Seeking Alpha)</span></p>\n<p><b>Balance Sheet</b></p>\n<p>When facing challenges, it is especially reassuring if we are dealing with a solid balance sheet enabling the company to withstand challenges and stormy market conditions. And similar to many companies mentioned above – like Facebook or Alphabet – Alibaba also has a great balance sheet. We don’t have to worry about high debt levels although Alibaba has current bank borrowings of RMB 3.6 billion and non-current bank borrowings of RMB 38.3 billion on its balance sheet. But compared to a total equity of RMB 1,075 billion, we get a D/E ratio of 0.04, which is negligible. Aside from the debt, the biggest problem is probably the company’s goodwill. On March 31, 2021, Alibaba had RMB 292.8 billion in goodwill. This means, that 17.3% of total assets (RMB 1,690 billion) is goodwill.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/532919e61e3feb83d46cbce44e3f3c42\" tg-width=\"640\" tg-height=\"354\"><span>(Source:Alibaba Q4/21 Earnings Release)</span></p>\n<p>But aside from goodwill, Alibaba also has RMB 321.3 billion in cash and cash equivalents as well as RMB 152.4 billion in short-term investments on its balance sheet. Aside from these rather liquid assets, Alibaba also has RMB 237.2 billion in equity securities and other investments, that are also worth mentioning. I included a screenshot of the latest balance sheet, which is also including the numbers in US$. Especially $72 billion in very liquid assets give Alibaba a lot of “financial power” and the ability to negative troubles.</p>\n<p><b>Intrinsic Value Calculation</b></p>\n<p>I already mentioned above that Alibaba is trading at rather low multiples – at least when compared to its peers and especially for a company growing with a high pace. And compared to the company’s history, the stock is right now trading almost for its lowest P/FCF ratio since the IPO. A few times – in 2016, 2018 and 2020 – the stock was trading at a similar low P/FCF ratio. From that point of view, Alibaba has to be considered extremely cheap.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1da4ac18557b21c43feb2a338de9a3b\" tg-width=\"640\" tg-height=\"221\"><span>(Source:Seeking Alpha Charting)</span></p>\n<p>When you are familiar with my past articles, you know that I don’t just use valuation multiples but also a discount cash flow analysis, which is considered to be much more precise (although we have to make a lot more assumptions). When taking the free cash flow of fiscal 2021 (RMB 172.7 billion) as basis, Alibaba has to grow about 5.5% annually from now till perpetuity for the stock to be fairly valued (the intrinsic value is RMB 1,367; discount rate 10%).</p>\n<p>Instead, we can also calculate with more realistic growth rates. If we assume, that Alibaba won’t go under, we have to assume at least 20% growth for the next year. Let’s be rather pessimistic and assume, that growth will slowly decline over the next decade and in 10 years from now, the growth rate will only be 6% till perpetuity. When using these numbers, we get an intrinsic value of&nbsp;<b>RMB 2,596</b>. And we have to assume, that these growth assumptions are rather cautious for a company like Alibaba.</p>\n<p><b>Conclusion</b></p>\n<p>So far, we talked about risks, about past growth rates, compared Alibaba to its peers and provided an intrinsic value calculation. I also wanted to write about the growth potential as well as the wide economic moat, that Alibaba has without any doubt – similar toAmazon,FacebookorTencent. But the article would probably be too long then. Instead, I included links to three articles in which I described the economic moat of these businesses.</p>\n<p>When summing up, it is quite simple. When we assume, that Alibaba is in serious trouble and might be brought down in some way or is facing troubles, that will seriously mess with the company’s ability to grow, we should not invest in Alibaba. These risks are present, and we actually don’t know what could happen in the coming quarters (or years). However, I consider it extremely unlikely, that China will destroy its second most-valuable company. If we assume on the other side, that this is just a small hick-up and troubles Alibaba can work through in the coming quarters and Alibaba will continue to perform in a similar way as in the past (even with growth rates slowing down), Alibaba is probably one of the most undervalued stocks out there and an extreme bargain.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: One Of The Really Cheap Bargains In This Market</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\">\nAlibaba: One Of The Really Cheap Bargains In This Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 20:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432358-alibaba-one-of-the-really-cheap-bargains-in-market><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is one of the largest corporations in the world and focusing on retail, cloud and payment services.\nThe company is clearly facing risks due to the tension between Jack Ma and the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432358-alibaba-one-of-the-really-cheap-bargains-in-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4432358-alibaba-one-of-the-really-cheap-bargains-in-market","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1138216687","content_text":"Summary\n\nAlibaba is one of the largest corporations in the world and focusing on retail, cloud and payment services.\nThe company is clearly facing risks due to the tension between Jack Ma and the Chinese government, but I consider these risks to be only temporary.\nAlibaba is growing with a high pace, has a very stable balance sheet and outperforming many of its peers.\nIn my opinion, the stock is severely undervalued.\n\nPhoto by maybefalse/iStock Unreleased via Getty Images\nSo far, I have published over 300 articles on this site and the focus has been clearly on companies having the headquarters in the United States and stocks listed on an US-based stock exchange. And while I am covering also companies from Germany, France, Great Britain, Sweden or Denmark, I have avoided one country almost completely although it has many interesting investment opportunities: Mainland China.The only company I covered so far is Tencent Holdings Limited (OTCPK:TCEHY).\nAnd although China has hundreds or thousands of successful companies, most of them are almost unknown in the Western Hemisphere (especially when moving outside of the investing world). And while most investors are familiar with Tencent, there is at least one other company almost every investor has heard of: Alibaba Group Holding Limited (BABA). In the following article, I will analyze Alibaba in my usual way. I will try to determine if Alibaba is a solid business with a wide economic moat and try to answer the question if Alibaba is a solid investment right now.\nBusiness Description\nAlibaba Group was founded in 1999 by 18 individuals. Nevertheless, one of these 18 stands out – the former English teacher from Hangzhou, Jack Ma. Over the years, Alibaba evolved in a multinational technology company and with a market capitalization of $570 billion, Alibaba is on the 10thspot on the list of most valuable companies in the world (by market cap). And behind Tencent, which is on the 7thspot on that list, Alibaba is the second most valuable company in China.\nWhile Alibaba is mostly focused on e-commerce and retail operations, the Alibaba Group is actually a holding company with many different sales services. This includes C2C services, B2C services and B2B services. Aside from retail, the Alibaba Group also offers electronic payment services, shipping search engines and could computing services. The group owns and operates a diverse portfolio of companies around the world in numerous business sectors.\n(Source:Alibaba Q4/20 Presentation)\nAlibaba is reporting in four different segments:\n\nCore Commerce Revenue: This segment is comprised of platforms operating in retail and wholesale commerce in China as well as logistics services and local consumer services. In fiscal 2021, this segment generated RMB 621.1 billion in revenue and RMB 159 billion in income from operations.\nCloud Computing Revenue: This segment is comprised of Alibaba Cloud, which offers different cloud services to customers worldwide like database, storage, big data analytics, a machine learning platform and large-scale computing security. In fiscal 2021, this segment generated RMB 60.1 billion, but the segment was not profitable so far (a loss of RMB 9 billion).\nDigital Media and Entertainment Revenue: This segment uses the deep data insights to serve the broader interests of consumers through key distribution platforms Youku and Alibaba Pictures as well as other content platforms that provide online videos, films, live events, literature and music. In fiscal 2021, this segment generated RMB 31.2 billion, but was also not profitable.\nInnovation Initiatives and Others Revenue: This segment includes businesses like Amap, DingTalk, Tmall Genie and others. In fiscal 2021, this segment generated RMB 4.8 billion in revenue, but also an operating loss.\n\n(Source: Alibaba Q4/20 Presentation)\nWhen looking at the last annual results (fiscal 2021), Alibaba generated RMB 717.3 billion in revenue. Compared to fiscal 2020 (RMB 509.7 billion) this is reflecting an increase of 41%. Adjusted EBITDA in fiscal 2021 was RMB 196.8 billion – an increase of 25% compared to fiscal 2020 (adjusted EBITA of RMB 157.7 billion). Diluted earnings per share actually decreased from RMB 6.99 in fiscal 2020 to RMB 6.84 in fiscal 2021 – reflecting a decrease of 2.1%. But we should not pay too much attention to the earnings per share. Instead, it makes much more sense to look at the free cash flow Alibaba is generating. In fiscal 2021, Alibaba generated RMB 172.7 billion in free cash flow compared to RMB 130.9 billion in free cash flow one year earlier.\nStrong Business Among Strong Competitors\nWhat is striking when looking at Alibaba – and what has been discussed several times – is the low multiple for which Alibaba is currently trading. When using the trailing twelve-month GAAP numbers, Alibaba is trading for 25 times earnings, when using the non-GAAP forward numbers, it is trading for a P/E ratio of 20.\nWe can compare Alibaba to its peers – companies like Amazon (AMZN), Tencent, Facebook (FB), Microsoft (MSFT) or Alphabet (GOOG). And Alibaba actually belongs in that list as it is not only operating in similar business segments, but it is also growing with similarly high rates. And Alibaba is not only growing with a similar pace; it is actually outperforming most of its peers.\n(Source:Alibaba 2020 Investor Presentations)\nWhile Alibaba is growing with a similar pace like these companies, it is trading for a completely different multiple. Right now, Alibaba is trading for a price-cash-flow ratio of 17, while competitors like Tencent, Facebook or Microsoft are trading for a P/FCF ratio between 35 and 40. It is striking, that the market is assigning these competitors a multiple twice as high and Amazon is actually trading for a multiple more than 4 times higher (price-free-cash-flow ratio of 76).\nData by YCharts\nRight now, readers might point out, that the comparison to Amazon is misleading as Amazon is still spending a lot of money to achieve future growth and therefore has a lower profit than other companies. And it certainly is true, that Amazon is still focusing on top line growth – sometimes at the expense of bottom-line growth – but so does Alibaba.\nWhile Amazon spent 10.4% of its revenue as capital expenditures in the last fiscal year, Alibaba spent almost the same amount – 8.9% of revenue. And when looking at the expenses for research and development, we once again see similar numbers. In the last five years, Amazon spent 12.16% of revenue on R&D on average while Alibaba spent 10.38% of its revenue on R&D.\nBut while these numbers are quite similar for both companies – Amazon is spending a bit more on R&D than Alibaba – the free cash flow these two companies can generate is completely different. While Amazon only generated 6.7% of revenue as free cash flow in the last fiscal year, Alibaba generated 26.5% of revenue as free cash flow in the last fiscal year – almost four times higher.\nAnd Alibaba is not only extremely profitable – it was growing with an extremely high pace in the past. During the past ten years, Alibaba could not only grow revenue every single year, it also grew revenue with a CAGR of 62.6%. Earnings per share fluctuated a little bit during these ten years but grew with an even higher pace – a CAGR of 76.29% during the last decade. And finally, free cash flow increased with a CAGR of 59.62% during the last decade.\n(Source: Author’s work based on numbers from Morningstar)\nWhen looking at Alibaba’s growth rates in the last few years compared to its competitors, Alibaba is also outperforming. When looking at the revenue CAGR of the last 5 years, we get the following numbers:\n\nAmazon: 29.26%\nFacebook: 36.82%\nTencent: 36.20%\nAlphabet: 19.47%\nMicrosoft: 8.85%\nAlibaba: 46.24%\n\nWe can spin it how we want: Alibaba is an extremely profitable company growing with extremely high rates but is trading at an extremely low multiple compared to its competitors. It is growing with a higher pace than Microsoft and Facebook, but trading for half the multiple. It is much more profitable than Amazon and also growing at a higher pace, but trading for a quarter of the valuation multiple. At this point, profitability and growth of Alibaba on the one side and the valuation multiple on the other side does not add up. And we have to ask the question, why Alibaba is trading for such a low multiple although it is outperforming many of its peers that trade for much higher multiples.\nRisks\nWhen looking at the past performance of Alibaba, we can see, that steep selloffs are quite common as a similar sell-off happened already three times since the IPO in 2014 with the steepest sell-off being more than 50% off the previous high.\nData byYCharts\nWhile this might help us a bit, we are still facing high levels of uncertainty and investors usually don’t like uncertainty. Basically, this uncertainty can be summed up in one short sentence: The tense relationship between Alibaba’s founder Jack Ma and the Chinese government is worrying for investors. And this tense relationship is exemplified by several events. It started last year, when the IPO of the company’s fintech affiliate Ant Financial was cancelled. \nThis was followed by theinitiation of an antitrust investigation, in which it is investigated if Alibaba had engaged in monopolistic practices (like preventing vendors from selling on other platforms). Additionally, new supervision for Ant Group was also discussed. And finally, at the end of 2020, Jack Ma went missing and it took about three months before the public would hear from him again – another worrying aspect for investors.\nAs long as we are talking about risks, there are other aspect I like to mention. I compared Alibaba to Amazon above – and I still think that comparison is appropriate. But we also have to acknowledge, that Alibaba growth potential is limited as the company is mostly focused on China and might have more difficulties to expand globally – compared to Amazon. But considering the growing middle class in China and the high pace with which the economy is still growing we should not worry too much about Alibaba’s growth potential.\nThere is a final risk Imentioned in my last article about Tencentand that risk is also applying to Alibaba:\n\n And a final risk is the fact that Tencent is a Chinese company. It is especially difficult to understand different trends before they are happening and predict the future, but while I am familiar with the German culture and the people (habits, preferences, etc.) and can deal with similar countries like France, the United Kingdom, Sweden or the United States, it is rather difficult for me to understand and analyze the consumer behavior and preferences of the Chinese population. This makes it difficult to assess the potential and development of the products and services Tencent offers.\n\nBut despite all these issues, there is a comparison I like very much. Very recently,one of my fellow contributorscompared Alibaba’s situation right now to Facebook a few years ago, when it was facing the Cambridge Analytics scandal and also trading for extremely low multiples due to the uncertainties. And it is also interesting, that Wall Street analysts as well as Seeking Alpha contributors are extremely bullish about Alibaba right now.\n(Source:Seeking Alpha)\nBalance Sheet\nWhen facing challenges, it is especially reassuring if we are dealing with a solid balance sheet enabling the company to withstand challenges and stormy market conditions. And similar to many companies mentioned above – like Facebook or Alphabet – Alibaba also has a great balance sheet. We don’t have to worry about high debt levels although Alibaba has current bank borrowings of RMB 3.6 billion and non-current bank borrowings of RMB 38.3 billion on its balance sheet. But compared to a total equity of RMB 1,075 billion, we get a D/E ratio of 0.04, which is negligible. Aside from the debt, the biggest problem is probably the company’s goodwill. On March 31, 2021, Alibaba had RMB 292.8 billion in goodwill. This means, that 17.3% of total assets (RMB 1,690 billion) is goodwill.\n(Source:Alibaba Q4/21 Earnings Release)\nBut aside from goodwill, Alibaba also has RMB 321.3 billion in cash and cash equivalents as well as RMB 152.4 billion in short-term investments on its balance sheet. Aside from these rather liquid assets, Alibaba also has RMB 237.2 billion in equity securities and other investments, that are also worth mentioning. I included a screenshot of the latest balance sheet, which is also including the numbers in US$. Especially $72 billion in very liquid assets give Alibaba a lot of “financial power” and the ability to negative troubles.\nIntrinsic Value Calculation\nI already mentioned above that Alibaba is trading at rather low multiples – at least when compared to its peers and especially for a company growing with a high pace. And compared to the company’s history, the stock is right now trading almost for its lowest P/FCF ratio since the IPO. A few times – in 2016, 2018 and 2020 – the stock was trading at a similar low P/FCF ratio. From that point of view, Alibaba has to be considered extremely cheap.\n(Source:Seeking Alpha Charting)\nWhen you are familiar with my past articles, you know that I don’t just use valuation multiples but also a discount cash flow analysis, which is considered to be much more precise (although we have to make a lot more assumptions). When taking the free cash flow of fiscal 2021 (RMB 172.7 billion) as basis, Alibaba has to grow about 5.5% annually from now till perpetuity for the stock to be fairly valued (the intrinsic value is RMB 1,367; discount rate 10%).\nInstead, we can also calculate with more realistic growth rates. If we assume, that Alibaba won’t go under, we have to assume at least 20% growth for the next year. Let’s be rather pessimistic and assume, that growth will slowly decline over the next decade and in 10 years from now, the growth rate will only be 6% till perpetuity. When using these numbers, we get an intrinsic value of RMB 2,596. And we have to assume, that these growth assumptions are rather cautious for a company like Alibaba.\nConclusion\nSo far, we talked about risks, about past growth rates, compared Alibaba to its peers and provided an intrinsic value calculation. I also wanted to write about the growth potential as well as the wide economic moat, that Alibaba has without any doubt – similar toAmazon,FacebookorTencent. But the article would probably be too long then. Instead, I included links to three articles in which I described the economic moat of these businesses.\nWhen summing up, it is quite simple. When we assume, that Alibaba is in serious trouble and might be brought down in some way or is facing troubles, that will seriously mess with the company’s ability to grow, we should not invest in Alibaba. These risks are present, and we actually don’t know what could happen in the coming quarters (or years). However, I consider it extremely unlikely, that China will destroy its second most-valuable company. If we assume on the other side, that this is just a small hick-up and troubles Alibaba can work through in the coming quarters and Alibaba will continue to perform in a similar way as in the past (even with growth rates slowing down), Alibaba is probably one of the most undervalued stocks out there and an extreme bargain.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113946636,"gmtCreate":1622592248325,"gmtModify":1704186823682,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113946636","repostId":"1156902787","repostType":4,"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113948834,"gmtCreate":1622592208228,"gmtModify":1704186821902,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113948834","repostId":"2140498465","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113941171,"gmtCreate":1622592171693,"gmtModify":1704186820203,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Wowww&nbsp;","listText":"Wowww&nbsp;","text":"Wowww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113941171","repostId":"1169405526","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113955983,"gmtCreate":1622592017842,"gmtModify":1704186811954,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113955983","repostId":"2140626460","repostType":4,"repost":{"id":"2140626460","pubTimestamp":1622561601,"share":"https://ttm.financial/m/news/2140626460?lang=&edition=fundamental","pubTime":"2021-06-01 23:33","market":"us","language":"en","title":"3 Stocks to Avoid This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2140626460","media":"Motley Fool","summary":"These investments seem pretty vulnerable right now.","content":"<p>In my three stocks to avoid article last week, I predicted that <b><a href=\"https://laohu8.com/S/ZUO\">Zuora</a></b> (NYSE:ZUO),&nbsp;<b>Riot Blockchain </b>(NASDAQ:RIOT), and <b>Grayscale Digital Large Cap Fund</b> (OTC:GDLC) would have a rough few days.</p><ul><li>Zuora shares climbed 3% for the week. The provider of cloud-based subscription services served up encouraging quarterly results, slightly beating analyst revenue and profit targets. Zuora's retention rate clocked in at its strongest rate in a year.</li><li>Riot Blockchain was the biggest gainer, soaring 19% last week. It was a down week for cryptocurrencies in general, but the week did kick off with B. Riley analyst Lucas Pipes initiating coverage of Riot Blockchain with a buy rating and a $43 price target.</li><li>Finally, there was Grayscale Digital Large Cap Fund. It inched 1% higher, also defying the dip in digital currencies. The exchange-traded fund owns stakes in five leading cryptocurrencies.</li></ul><p>Those three stocks averaged a 7.7% ascent for the week, fueled primarily by Riot Blockchain's bullish analyst initiation. The <b>S&amp;P 500</b> rose by 1.2% for the week, so I was wrong. Right now, I see <b>AMC Entertainment Holdings</b>&nbsp;(NYSE:AMC), Riot Blockchain, and <b>Oatly</b> (NASDAQ:OTLY) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e02e19d87470e5036fa20402855d54e\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p><h2><b>1. AMC Entertainment</b></h2><p>It was a big weekend at the movies, and that may give the rally in AMC shares a lift early in the holiday-abridged trading week. It's not likely to last.</p><p>Before you figure this is more of the same from a multiplex permabear, keep in mind that I have had plenty of kind things to say about AMC in recent months.&nbsp;I argued that investors shouldn't bury AMC when it was trading for three bucks and change in late January, just two days before it became a meme stock. I went on to make the seemingly unfashionable move of arguing a bullish case for owning AMC and even making a case for the country's leading exhibitor to be a buyout candidate in the months to follow.</p><p>Finally, seven weeks ago I singled out AMC as a stock that can double again. It did go on to double, and it's on the verge of tripling from that starting line.</p><p>However, with the stock a multi-bagger -- and its share count nearly quadrupling over the past year -- we can no longer assess AMC as a turnaround story. It's trading for more than it was in its prime with an enterprise value of $23 billion. I don't think AMC is going under like so many bears out there, but it's hard for someone who has seen the good in the multiplex operator in the past to continue arguing that it's a fair value here. When the frenzy is done and the bulls and bears move on to fresh playthings this will be less than a $23 billion business.</p><h2>2. Riot Blockchain</h2><p>Riot Blockchain may have been bailed out by a bullish analyst initiation last week, but it can't escape gravity forever. Crypto mining is coming under fire for its heavy drain on natural resources, even to the point that it was banned in Iran last week after the country blamed the practice for power outages in some cities.</p><p>I'm a long-term believer in cryptocurrencies, but Riot Blockchain was overvalued even before the market for digital currencies started correcting sharply last month. I see it giving back a good chunk of the gains it scored last week.</p><h2>3. Oatly</h2><p>Oat milk is booming in popularity, making it an opportune time for Oatly to go public. The Oatly IPO was a success, but perhaps it's been <i>too</i> successful. Oatly commands a market cap of $14 billion. Who would pay 30 times trailing sales for a distributor of oat milk-based products?</p><p>It's certainly true that Oatly is growing quickly. Revenue more than doubled last year. However, Oatly had to pay up for that growth. Gross margin contracted last year, and its net loss nearly doubled. Plant-based milk alternatives include soy, almond, and now oat, but it currently accounts for less 10% of the global milk market. There's market share for the taking, but ultimately this is just a commodity.</p><p>Oalty may be spending a lot of money on savvy marketing and scoring distribution deals, but is there really a difference between Oatly's product and the competition? No <a href=\"https://laohu8.com/S/AONE\">one</a> holds a patent to plant-based milk products. It's just a matter of time before the market either demands profits -- and growth will slow dramatically -- or realizes that you don't pay 30 times deficit-saddled revenue for a commodity distributor.</p><p>If you're looking for safe stocks, you aren't likely to find them in AMC Entertainment, Riot Blockchain, and Oatly this week.</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>3 Stocks to Avoid This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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 Stocks to Avoid This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/01/3-stocks-to-avoid-this-week/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In my three stocks to avoid article last week, I predicted that Zuora (NYSE:ZUO), Riot Blockchain (NASDAQ:RIOT), and Grayscale Digital Large Cap Fund (OTC:GDLC) would have a rough few days.Zuora ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/01/3-stocks-to-avoid-this-week/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GDLC":"Grayscale Digital Large Cap Fund LLC","AMC":"AMC院线","RIOT":"Riot Platforms","OTLY":"Oatly Group AB","ZUO":"祖睿"},"source_url":"https://www.fool.com/investing/2021/06/01/3-stocks-to-avoid-this-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140626460","content_text":"In my three stocks to avoid article last week, I predicted that Zuora (NYSE:ZUO), Riot Blockchain (NASDAQ:RIOT), and Grayscale Digital Large Cap Fund (OTC:GDLC) would have a rough few days.Zuora shares climbed 3% for the week. The provider of cloud-based subscription services served up encouraging quarterly results, slightly beating analyst revenue and profit targets. Zuora's retention rate clocked in at its strongest rate in a year.Riot Blockchain was the biggest gainer, soaring 19% last week. It was a down week for cryptocurrencies in general, but the week did kick off with B. Riley analyst Lucas Pipes initiating coverage of Riot Blockchain with a buy rating and a $43 price target.Finally, there was Grayscale Digital Large Cap Fund. It inched 1% higher, also defying the dip in digital currencies. The exchange-traded fund owns stakes in five leading cryptocurrencies.Those three stocks averaged a 7.7% ascent for the week, fueled primarily by Riot Blockchain's bullish analyst initiation. The S&P 500 rose by 1.2% for the week, so I was wrong. Right now, I see AMC Entertainment Holdings (NYSE:AMC), Riot Blockchain, and Oatly (NASDAQ:OTLY) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.Image source: Getty Images.1. AMC EntertainmentIt was a big weekend at the movies, and that may give the rally in AMC shares a lift early in the holiday-abridged trading week. It's not likely to last.Before you figure this is more of the same from a multiplex permabear, keep in mind that I have had plenty of kind things to say about AMC in recent months. I argued that investors shouldn't bury AMC when it was trading for three bucks and change in late January, just two days before it became a meme stock. I went on to make the seemingly unfashionable move of arguing a bullish case for owning AMC and even making a case for the country's leading exhibitor to be a buyout candidate in the months to follow.Finally, seven weeks ago I singled out AMC as a stock that can double again. It did go on to double, and it's on the verge of tripling from that starting line.However, with the stock a multi-bagger -- and its share count nearly quadrupling over the past year -- we can no longer assess AMC as a turnaround story. It's trading for more than it was in its prime with an enterprise value of $23 billion. I don't think AMC is going under like so many bears out there, but it's hard for someone who has seen the good in the multiplex operator in the past to continue arguing that it's a fair value here. When the frenzy is done and the bulls and bears move on to fresh playthings this will be less than a $23 billion business.2. Riot BlockchainRiot Blockchain may have been bailed out by a bullish analyst initiation last week, but it can't escape gravity forever. Crypto mining is coming under fire for its heavy drain on natural resources, even to the point that it was banned in Iran last week after the country blamed the practice for power outages in some cities.I'm a long-term believer in cryptocurrencies, but Riot Blockchain was overvalued even before the market for digital currencies started correcting sharply last month. I see it giving back a good chunk of the gains it scored last week.3. OatlyOat milk is booming in popularity, making it an opportune time for Oatly to go public. The Oatly IPO was a success, but perhaps it's been too successful. Oatly commands a market cap of $14 billion. Who would pay 30 times trailing sales for a distributor of oat milk-based products?It's certainly true that Oatly is growing quickly. Revenue more than doubled last year. However, Oatly had to pay up for that growth. Gross margin contracted last year, and its net loss nearly doubled. Plant-based milk alternatives include soy, almond, and now oat, but it currently accounts for less 10% of the global milk market. There's market share for the taking, but ultimately this is just a commodity.Oalty may be spending a lot of money on savvy marketing and scoring distribution deals, but is there really a difference between Oatly's product and the competition? No one holds a patent to plant-based milk products. It's just a matter of time before the market either demands profits -- and growth will slow dramatically -- or realizes that you don't pay 30 times deficit-saddled revenue for a commodity distributor.If you're looking for safe stocks, you aren't likely to find them in AMC Entertainment, Riot Blockchain, and Oatly this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113929050,"gmtCreate":1622591465370,"gmtModify":1704186789883,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"#HaveAGoodDayAhead???","listText":"#HaveAGoodDayAhead???","text":"#HaveAGoodDayAhead???","images":[{"img":"https://static.tigerbbs.com/492a6773de80addb4630246ad300fbcd","width":"2160","height":"3840"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113929050","isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":113978358,"gmtCreate":1622592474474,"gmtModify":1704186833889,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Thinking]&nbsp;","listText":"[Thinking]&nbsp;","text":"[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/113978358","repostId":"1143584889","repostType":4,"repost":{"id":"1143584889","pubTimestamp":1622592321,"share":"https://ttm.financial/m/news/1143584889?lang=&edition=fundamental","pubTime":"2021-06-02 08:05","market":"us","language":"en","title":"JPMorgan says big investors are not buying the bitcoin dip, prices could fall further","url":"https://stock-news.laohu8.com/highlight/detail?id=1143584889","media":"CNBC","summary":"t’s been almost two weeks since the price ofbitcointook a dive to $30,000 per token, but JPMorgan sa","content":"<div>\n<p>t’s been almost two weeks since the price ofbitcointook a dive to $30,000 per token, but JPMorgan says institutional investors have so far held off on buying the dip.\nWhile there are signs prices will...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/jpmorgan-says-big-investors-are-not-buying-the-bitcoin-dip-prices-could-fall-further.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan says big investors are not buying the bitcoin dip, prices could fall further</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\">\nJPMorgan says big investors are not buying the bitcoin dip, prices could fall further\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 08:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/jpmorgan-says-big-investors-are-not-buying-the-bitcoin-dip-prices-could-fall-further.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>t’s been almost two weeks since the price ofbitcointook a dive to $30,000 per token, but JPMorgan says institutional investors have so far held off on buying the dip.\nWhile there are signs prices will...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/jpmorgan-says-big-investors-are-not-buying-the-bitcoin-dip-prices-could-fall-further.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://www.cnbc.com/2021/06/01/jpmorgan-says-big-investors-are-not-buying-the-bitcoin-dip-prices-could-fall-further.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1143584889","content_text":"t’s been almost two weeks since the price ofbitcointook a dive to $30,000 per token, but JPMorgan says institutional investors have so far held off on buying the dip.\nWhile there are signs prices will stabilize following the correction, they may pull back even more before that happens, according to a note issued Tuesday by the bank, which provided an analysis of bitcoin’s near and long-term valuation.\n“It now seems unlikely that we see this volatility ratio returning to the x2 levels of last summer. The best we can hope for over the medium term is for this volatility ratio to partially revert from around x6 currently to around x4 by year end,” strategist Nikolaos Panigirtzoglou wrote in the note.\nJPMorgan predicts bitcoin will trade between $24,000 and $36,000 over the medium term, based on volatility ratios of bitcoin to gold. Panigirtzoglou added it’s unlikely there’ll be a full convergence of volatilities in the foreseeable future.\nHowever, the longer-term signal remains “problematic.”\n“It has yet to turn short,” Panigirtzoglou wrote. “It would still take price declines to the $26,000 level before longer term momentum would signal capitulation.”\nBitcoin traded lower on Tuesday by about 1.5% to around $36,175.\nShort-term momentum signals for ether — the native token of the Ethereum blockchain that powers smart contracts, NFTs and stablecoins — have declined, though there’s nothing to suggest positions have been fully unwound, according to the note. Still, that decline could take ether prices down to $2,000 in the short term and down to $1,000 in the long-term, the firm said.\nThe rise in bitcoin’s notorious price volatility could impede further institutional adoption, Panigirtzoglou said, challenging valuation and making it less attractive than “traditional” gold in institutional portfolios. Since the plunge, institutional money has been flowing out of CME bitcoin futures and other regulated bitcoin funds in favor of gold electronic trading funds, JPMorgan said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118679780,"gmtCreate":1622731872840,"gmtModify":1704190073988,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Good ??????????","listText":"Good ??????????","text":"Good ??????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118679780","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","ACB":"奥罗拉大麻公司","CRON":"Cronos Group Inc.","TLRY":"Tilray Inc.","SNDL":"SNDL Inc.","MJ":"Amplify Alternative Harvest ETF","AMZN":"亚马逊"},"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":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113942776,"gmtCreate":1622592292995,"gmtModify":1704186825460,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Smile]&nbsp;[Strong]&nbsp;","listText":"[Smile]&nbsp;[Strong]&nbsp;","text":"[Smile] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113942776","repostId":"1138216687","repostType":4,"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113955983,"gmtCreate":1622592017842,"gmtModify":1704186811954,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113955983","repostId":"2140626460","repostType":4,"repost":{"id":"2140626460","pubTimestamp":1622561601,"share":"https://ttm.financial/m/news/2140626460?lang=&edition=fundamental","pubTime":"2021-06-01 23:33","market":"us","language":"en","title":"3 Stocks to Avoid This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2140626460","media":"Motley Fool","summary":"These investments seem pretty vulnerable right now.","content":"<p>In my three stocks to avoid article last week, I predicted that <b><a href=\"https://laohu8.com/S/ZUO\">Zuora</a></b> (NYSE:ZUO),&nbsp;<b>Riot Blockchain </b>(NASDAQ:RIOT), and <b>Grayscale Digital Large Cap Fund</b> (OTC:GDLC) would have a rough few days.</p><ul><li>Zuora shares climbed 3% for the week. The provider of cloud-based subscription services served up encouraging quarterly results, slightly beating analyst revenue and profit targets. Zuora's retention rate clocked in at its strongest rate in a year.</li><li>Riot Blockchain was the biggest gainer, soaring 19% last week. It was a down week for cryptocurrencies in general, but the week did kick off with B. Riley analyst Lucas Pipes initiating coverage of Riot Blockchain with a buy rating and a $43 price target.</li><li>Finally, there was Grayscale Digital Large Cap Fund. It inched 1% higher, also defying the dip in digital currencies. The exchange-traded fund owns stakes in five leading cryptocurrencies.</li></ul><p>Those three stocks averaged a 7.7% ascent for the week, fueled primarily by Riot Blockchain's bullish analyst initiation. The <b>S&amp;P 500</b> rose by 1.2% for the week, so I was wrong. Right now, I see <b>AMC Entertainment Holdings</b>&nbsp;(NYSE:AMC), Riot Blockchain, and <b>Oatly</b> (NASDAQ:OTLY) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e02e19d87470e5036fa20402855d54e\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p><h2><b>1. AMC Entertainment</b></h2><p>It was a big weekend at the movies, and that may give the rally in AMC shares a lift early in the holiday-abridged trading week. It's not likely to last.</p><p>Before you figure this is more of the same from a multiplex permabear, keep in mind that I have had plenty of kind things to say about AMC in recent months.&nbsp;I argued that investors shouldn't bury AMC when it was trading for three bucks and change in late January, just two days before it became a meme stock. I went on to make the seemingly unfashionable move of arguing a bullish case for owning AMC and even making a case for the country's leading exhibitor to be a buyout candidate in the months to follow.</p><p>Finally, seven weeks ago I singled out AMC as a stock that can double again. It did go on to double, and it's on the verge of tripling from that starting line.</p><p>However, with the stock a multi-bagger -- and its share count nearly quadrupling over the past year -- we can no longer assess AMC as a turnaround story. It's trading for more than it was in its prime with an enterprise value of $23 billion. I don't think AMC is going under like so many bears out there, but it's hard for someone who has seen the good in the multiplex operator in the past to continue arguing that it's a fair value here. When the frenzy is done and the bulls and bears move on to fresh playthings this will be less than a $23 billion business.</p><h2>2. Riot Blockchain</h2><p>Riot Blockchain may have been bailed out by a bullish analyst initiation last week, but it can't escape gravity forever. Crypto mining is coming under fire for its heavy drain on natural resources, even to the point that it was banned in Iran last week after the country blamed the practice for power outages in some cities.</p><p>I'm a long-term believer in cryptocurrencies, but Riot Blockchain was overvalued even before the market for digital currencies started correcting sharply last month. I see it giving back a good chunk of the gains it scored last week.</p><h2>3. Oatly</h2><p>Oat milk is booming in popularity, making it an opportune time for Oatly to go public. The Oatly IPO was a success, but perhaps it's been <i>too</i> successful. Oatly commands a market cap of $14 billion. Who would pay 30 times trailing sales for a distributor of oat milk-based products?</p><p>It's certainly true that Oatly is growing quickly. Revenue more than doubled last year. However, Oatly had to pay up for that growth. Gross margin contracted last year, and its net loss nearly doubled. Plant-based milk alternatives include soy, almond, and now oat, but it currently accounts for less 10% of the global milk market. There's market share for the taking, but ultimately this is just a commodity.</p><p>Oalty may be spending a lot of money on savvy marketing and scoring distribution deals, but is there really a difference between Oatly's product and the competition? No <a href=\"https://laohu8.com/S/AONE\">one</a> holds a patent to plant-based milk products. It's just a matter of time before the market either demands profits -- and growth will slow dramatically -- or realizes that you don't pay 30 times deficit-saddled revenue for a commodity distributor.</p><p>If you're looking for safe stocks, you aren't likely to find them in AMC Entertainment, Riot Blockchain, and Oatly this week.</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>3 Stocks to Avoid This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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 Stocks to Avoid This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/01/3-stocks-to-avoid-this-week/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In my three stocks to avoid article last week, I predicted that Zuora (NYSE:ZUO), Riot Blockchain (NASDAQ:RIOT), and Grayscale Digital Large Cap Fund (OTC:GDLC) would have a rough few days.Zuora ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/01/3-stocks-to-avoid-this-week/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GDLC":"Grayscale Digital Large Cap Fund LLC","AMC":"AMC院线","RIOT":"Riot Platforms","OTLY":"Oatly Group AB","ZUO":"祖睿"},"source_url":"https://www.fool.com/investing/2021/06/01/3-stocks-to-avoid-this-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140626460","content_text":"In my three stocks to avoid article last week, I predicted that Zuora (NYSE:ZUO), Riot Blockchain (NASDAQ:RIOT), and Grayscale Digital Large Cap Fund (OTC:GDLC) would have a rough few days.Zuora shares climbed 3% for the week. The provider of cloud-based subscription services served up encouraging quarterly results, slightly beating analyst revenue and profit targets. Zuora's retention rate clocked in at its strongest rate in a year.Riot Blockchain was the biggest gainer, soaring 19% last week. It was a down week for cryptocurrencies in general, but the week did kick off with B. Riley analyst Lucas Pipes initiating coverage of Riot Blockchain with a buy rating and a $43 price target.Finally, there was Grayscale Digital Large Cap Fund. It inched 1% higher, also defying the dip in digital currencies. The exchange-traded fund owns stakes in five leading cryptocurrencies.Those three stocks averaged a 7.7% ascent for the week, fueled primarily by Riot Blockchain's bullish analyst initiation. The S&P 500 rose by 1.2% for the week, so I was wrong. Right now, I see AMC Entertainment Holdings (NYSE:AMC), Riot Blockchain, and Oatly (NASDAQ:OTLY) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.Image source: Getty Images.1. AMC EntertainmentIt was a big weekend at the movies, and that may give the rally in AMC shares a lift early in the holiday-abridged trading week. It's not likely to last.Before you figure this is more of the same from a multiplex permabear, keep in mind that I have had plenty of kind things to say about AMC in recent months. I argued that investors shouldn't bury AMC when it was trading for three bucks and change in late January, just two days before it became a meme stock. I went on to make the seemingly unfashionable move of arguing a bullish case for owning AMC and even making a case for the country's leading exhibitor to be a buyout candidate in the months to follow.Finally, seven weeks ago I singled out AMC as a stock that can double again. It did go on to double, and it's on the verge of tripling from that starting line.However, with the stock a multi-bagger -- and its share count nearly quadrupling over the past year -- we can no longer assess AMC as a turnaround story. It's trading for more than it was in its prime with an enterprise value of $23 billion. I don't think AMC is going under like so many bears out there, but it's hard for someone who has seen the good in the multiplex operator in the past to continue arguing that it's a fair value here. When the frenzy is done and the bulls and bears move on to fresh playthings this will be less than a $23 billion business.2. Riot BlockchainRiot Blockchain may have been bailed out by a bullish analyst initiation last week, but it can't escape gravity forever. Crypto mining is coming under fire for its heavy drain on natural resources, even to the point that it was banned in Iran last week after the country blamed the practice for power outages in some cities.I'm a long-term believer in cryptocurrencies, but Riot Blockchain was overvalued even before the market for digital currencies started correcting sharply last month. I see it giving back a good chunk of the gains it scored last week.3. OatlyOat milk is booming in popularity, making it an opportune time for Oatly to go public. The Oatly IPO was a success, but perhaps it's been too successful. Oatly commands a market cap of $14 billion. Who would pay 30 times trailing sales for a distributor of oat milk-based products?It's certainly true that Oatly is growing quickly. Revenue more than doubled last year. However, Oatly had to pay up for that growth. Gross margin contracted last year, and its net loss nearly doubled. Plant-based milk alternatives include soy, almond, and now oat, but it currently accounts for less 10% of the global milk market. There's market share for the taking, but ultimately this is just a commodity.Oalty may be spending a lot of money on savvy marketing and scoring distribution deals, but is there really a difference between Oatly's product and the competition? No one holds a patent to plant-based milk products. It's just a matter of time before the market either demands profits -- and growth will slow dramatically -- or realizes that you don't pay 30 times deficit-saddled revenue for a commodity distributor.If you're looking for safe stocks, you aren't likely to find them in AMC Entertainment, Riot Blockchain, and Oatly this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118679366,"gmtCreate":1622731844555,"gmtModify":1704190073665,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"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/118679366","repostId":"1156112712","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118670655,"gmtCreate":1622731819277,"gmtModify":1704190072375,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"I see[Smile]&nbsp;[Smile]&nbsp;","listText":"I see[Smile]&nbsp;[Smile]&nbsp;","text":"I see[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118670655","repostId":"2140424584","repostType":4,"repost":{"id":"2140424584","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1622725260,"share":"https://ttm.financial/m/news/2140424584?lang=&edition=fundamental","pubTime":"2021-06-03 21:01","market":"us","language":"en","title":"Walmart to give 740,000 U.S. store workers free Samsung phones","url":"https://stock-news.laohu8.com/highlight/detail?id=2140424584","media":"Reuters","summary":"CHICAGO, June 3 (Reuters) - Walmart Inc said on Thursday it would give nearly half its U.S. employee","content":"<p>CHICAGO, June 3 (Reuters) - Walmart Inc said on Thursday it would give nearly half its U.S. employees free Samsung phones by the end of the year so they can use an app the company has developed to manage shifts, clock in and stay in \"constant communication.\"</p>\n<p>The world's largest retailer, which employs nearly 1.6 million people in the United States, said more than 740,000 workers would receive Samsung Galaxy XCover Pro smartphones, cases and protection plans. Currently, most people share company devices.</p>\n<p>Walmart declined to share financial details, but the phone sells at $499.99 on Samsung Electronics Co Ltd's website. It is common for big companies to strike heavily discounted deals with carriers and device makers when buying corporate phones in bulk.</p>\n<p>The retailer, which tested the project earlier this year, said it would not be able to see personal data. It will be able to see work emails, installed work apps, web history on the phone's work-specific browser, device specifications and clock-in locations.</p>\n<p>People will only be able to access work apps while on their shifts, but can use the phones as personal devices, Walmart said.</p>\n<p>The app - called \"Me@Walmart\" - can be used to check schedules up to two weeks in advance, ask for changes and request time off. It has a voice-activated assistant that helps locate products and is also designed to ensure workers can \"instantly connect with <a href=\"https://laohu8.com/S/AONE\">one</a> another\" in stores. Using the phones is not mandatory.</p>\n<p>\"Constant communication is essential for our business. Walkie talkies were <a href=\"https://laohu8.com/S/AONE.U\">one</a> solution, but not every associate has one,\" Walmart executives Drew Holler and Kellie Romack said in a blog post.</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>Walmart to give 740,000 U.S. store workers free Samsung phones</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\">\nWalmart to give 740,000 U.S. store workers free Samsung phones\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-03 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CHICAGO, June 3 (Reuters) - Walmart Inc said on Thursday it would give nearly half its U.S. employees free Samsung phones by the end of the year so they can use an app the company has developed to manage shifts, clock in and stay in \"constant communication.\"</p>\n<p>The world's largest retailer, which employs nearly 1.6 million people in the United States, said more than 740,000 workers would receive Samsung Galaxy XCover Pro smartphones, cases and protection plans. Currently, most people share company devices.</p>\n<p>Walmart declined to share financial details, but the phone sells at $499.99 on Samsung Electronics Co Ltd's website. It is common for big companies to strike heavily discounted deals with carriers and device makers when buying corporate phones in bulk.</p>\n<p>The retailer, which tested the project earlier this year, said it would not be able to see personal data. It will be able to see work emails, installed work apps, web history on the phone's work-specific browser, device specifications and clock-in locations.</p>\n<p>People will only be able to access work apps while on their shifts, but can use the phones as personal devices, Walmart said.</p>\n<p>The app - called \"Me@Walmart\" - can be used to check schedules up to two weeks in advance, ask for changes and request time off. It has a voice-activated assistant that helps locate products and is also designed to ensure workers can \"instantly connect with <a href=\"https://laohu8.com/S/AONE\">one</a> another\" in stores. Using the phones is not mandatory.</p>\n<p>\"Constant communication is essential for our business. Walkie talkies were <a href=\"https://laohu8.com/S/AONE.U\">one</a> solution, but not every associate has one,\" Walmart executives Drew Holler and Kellie Romack said in a blog post.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SSNLF":"三星电子","WMT":"沃尔玛"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140424584","content_text":"CHICAGO, June 3 (Reuters) - Walmart Inc said on Thursday it would give nearly half its U.S. employees free Samsung phones by the end of the year so they can use an app the company has developed to manage shifts, clock in and stay in \"constant communication.\"\nThe world's largest retailer, which employs nearly 1.6 million people in the United States, said more than 740,000 workers would receive Samsung Galaxy XCover Pro smartphones, cases and protection plans. Currently, most people share company devices.\nWalmart declined to share financial details, but the phone sells at $499.99 on Samsung Electronics Co Ltd's website. It is common for big companies to strike heavily discounted deals with carriers and device makers when buying corporate phones in bulk.\nThe retailer, which tested the project earlier this year, said it would not be able to see personal data. It will be able to see work emails, installed work apps, web history on the phone's work-specific browser, device specifications and clock-in locations.\nPeople will only be able to access work apps while on their shifts, but can use the phones as personal devices, Walmart said.\nThe app - called \"Me@Walmart\" - can be used to check schedules up to two weeks in advance, ask for changes and request time off. It has a voice-activated assistant that helps locate products and is also designed to ensure workers can \"instantly connect with one another\" in stores. Using the phones is not mandatory.\n\"Constant communication is essential for our business. Walkie talkies were one solution, but not every associate has one,\" Walmart executives Drew Holler and Kellie Romack said in a blog post.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118647952,"gmtCreate":1622731773176,"gmtModify":1704190069628,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Really??[Doubt]&nbsp;","listText":"Really??[Doubt]&nbsp;","text":"Really??[Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118647952","repostId":"1163764639","repostType":4,"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113398345,"gmtCreate":1622593156887,"gmtModify":1704186861576,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"I’m new comer . Wish to learn more from u all[Heart]&nbsp;","listText":"I’m new comer . Wish to learn more from u all[Heart]&nbsp;","text":"I’m new comer . Wish to learn more from u all[Heart]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113398345","repostId":"1155065396","repostType":4,"repost":{"id":"1155065396","pubTimestamp":1622532696,"share":"https://ttm.financial/m/news/1155065396?lang=&edition=fundamental","pubTime":"2021-06-01 15:31","market":"fut","language":"en","title":"Bitcoin Is Unlikely to Escape Regulation, Riksbank Governor Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1155065396","media":"Bloomberg","summary":"Bitcoin and other cryptocurrencies are unlikely to dodge regulatory oversight as supervisory authori","content":"<p>Bitcoin and other cryptocurrencies are unlikely to dodge regulatory oversight as supervisory authorities respond to the sheer popularity of the phenomenon, according to the governor of Sweden’s central bank.</p>\n<p>Though monetary policy officials have voiced near universal&nbsp;skepticism&nbsp;toward Bitcoin and its rivals, cryptocurrencies have continued to build an enthusiastic following. That’s prompted some of the biggest names in finance to move in, as Wall Street banks such as&nbsp;Goldman Sachs Group Inc.&nbsp;offer&nbsp;trading services tied to crypto.</p>\n<p>“When something gets&nbsp;big enough, things like consumer interests and money laundering come into play,” Riksbank Governor Stefan Ingves said on Monday. “So there’s good reason to believe that [regulation] will happen.”</p>\n<p>It’s far from clear how to regulate a product that’s designed to evade the scrutiny of national authorities. But governments are already trying, with China in particular stepping up&nbsp;pressure&nbsp;on crypto loyalists. The People’s Bank of China recently told financial institutions that they’re&nbsp;not allowed to accept cryptocurrencies for payment, which followed a crackdown on&nbsp;crypto mining. There are signs, though, that traders are&nbsp;still active, underscoring the scale of the challenge.</p>\n<p>In the U.S., Federal Reserve officials are in the process of&nbsp;studying&nbsp;“the various ways to address this issue,” Randal Quarles, the Fed’s vice chairman of supervision said in May. But federal agencies need time to ponder the right regulatory approach before they can then create a framework for oversight, he added.</p>\n<p>In the&nbsp;European Union, the commission has put the matter to a hearing as it tries to figure out how best to create a regulatory framework for crypto assets. In September, it proposed a pilot regime for market infrastructures interested in trading crypto assets.</p>\n<p><b>Digital Currency Race</b></p>\n<p>Sweden, like China, is one of the more advanced countries in its efforts to develop a central bank digital currency. That’s as monetary authorities try to prepare for the disappearance of cash as a payment form, and try to ensure that cryptocurrencies don’t fill the void. Ingves has previously estimated Sweden might have its own central bank e-krona in about&nbsp;five years.</p>\n<p>Regulation of cryptocurrencies “will probably come at different times in different areas,” Ingves said.</p>\n<p>Sweden’s financial markets minister, Asa Lindhagen, said the government is already in the process of tightening standards for crypto exchange platforms. But she called it a “work in progress at the international level.” She also said that addressing the risk of money laundering that cryptocurrencies represent is a “very important issue” that will require cross-border work.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Unlikely to Escape Regulation, Riksbank Governor Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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\">\nBitcoin Is Unlikely to Escape Regulation, Riksbank Governor Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 15:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-01/bitcoin-is-unlikely-to-escape-regulation-riksbank-governor-says?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin and other cryptocurrencies are unlikely to dodge regulatory oversight as supervisory authorities respond to the sheer popularity of the phenomenon, according to the governor of Sweden’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-01/bitcoin-is-unlikely-to-escape-regulation-riksbank-governor-says?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-01/bitcoin-is-unlikely-to-escape-regulation-riksbank-governor-says?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155065396","content_text":"Bitcoin and other cryptocurrencies are unlikely to dodge regulatory oversight as supervisory authorities respond to the sheer popularity of the phenomenon, according to the governor of Sweden’s central bank.\nThough monetary policy officials have voiced near universal skepticism toward Bitcoin and its rivals, cryptocurrencies have continued to build an enthusiastic following. That’s prompted some of the biggest names in finance to move in, as Wall Street banks such as Goldman Sachs Group Inc. offer trading services tied to crypto.\n“When something gets big enough, things like consumer interests and money laundering come into play,” Riksbank Governor Stefan Ingves said on Monday. “So there’s good reason to believe that [regulation] will happen.”\nIt’s far from clear how to regulate a product that’s designed to evade the scrutiny of national authorities. But governments are already trying, with China in particular stepping up pressure on crypto loyalists. The People’s Bank of China recently told financial institutions that they’re not allowed to accept cryptocurrencies for payment, which followed a crackdown on crypto mining. There are signs, though, that traders are still active, underscoring the scale of the challenge.\nIn the U.S., Federal Reserve officials are in the process of studying “the various ways to address this issue,” Randal Quarles, the Fed’s vice chairman of supervision said in May. But federal agencies need time to ponder the right regulatory approach before they can then create a framework for oversight, he added.\nIn the European Union, the commission has put the matter to a hearing as it tries to figure out how best to create a regulatory framework for crypto assets. In September, it proposed a pilot regime for market infrastructures interested in trading crypto assets.\nDigital Currency Race\nSweden, like China, is one of the more advanced countries in its efforts to develop a central bank digital currency. That’s as monetary authorities try to prepare for the disappearance of cash as a payment form, and try to ensure that cryptocurrencies don’t fill the void. Ingves has previously estimated Sweden might have its own central bank e-krona in about five years.\nRegulation of cryptocurrencies “will probably come at different times in different areas,” Ingves said.\nSweden’s financial markets minister, Asa Lindhagen, said the government is already in the process of tightening standards for crypto exchange platforms. But she called it a “work in progress at the international level.” She also said that addressing the risk of money laundering that cryptocurrencies represent is a “very important issue” that will require cross-border work.","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113308334,"gmtCreate":1622592793928,"gmtModify":1704186847834,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Wowww ~ cool [Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","listText":"Wowww ~ cool [Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","text":"Wowww ~ cool [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113308334","repostId":"1183596556","repostType":4,"repost":{"id":"1183596556","pubTimestamp":1622534474,"share":"https://ttm.financial/m/news/1183596556?lang=&edition=fundamental","pubTime":"2021-06-01 16:01","market":"us","language":"en","title":"An Unreliable Ratio Points to Trouble for Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1183596556","media":"Bloomberg","summary":"The correlation between equities and bond yields is again strongly positive, suggesting real concern","content":"<p>The correlation between equities and bond yields is again strongly positive, suggesting real concern about inflation.</p><p><b>Stocks vs Bonds: The Rematch</b></p><p>This is going to be a piece about the relationship between share prices and bond yields, so I had better&nbsp;start with a public health warning. A lot of nonsense has over history been spouted about this link, and it was brilliantly denounced in&nbsp;this article&nbsp;by veteran British economist and fund manager Andrew Smithers&nbsp;in 2006:</p><blockquote><i>The greatest single triumph yet achieved by data mining is the invention of the bond yield ratio. This claims that equities can be valued by comparing bond yields and earnings yields. These ratios showed a strong correlation in the US from 1977 to 1997. But the exact opposite relationship ruled from 1948 to 1968. It is, of course, possible to use all the available data, thereby flattering the prejudices of economists but offending the key principle of data mining. If this is done, it shows that there is no relationship at all between bond yields and earnings yields.</i></blockquote><blockquote><i>Readers can, nonetheless, be confident that the use of the bond yield ratio will not disappear simply because it cannot be supported by either theory or experience. Claims based on data mining are not discarded simply because they do not work. They are put into the pending tray with the standard excuse that “the relationship has broken down”. While this cannot be logically distinguished from “there never was a relationship”, it has two great advantages. First, it sounds a great deal better and, second, it demands less effort to reuse old nonsense than to invent new follies.</i></blockquote><p>So, there is no permanently stable connection between the yields on stocks and bonds, and we have to be careful about any definitions. This should be a reminder for caution about claims that U.S. equities aren’t expensive at present, when ultra-low bond yields are taken into account.</p><p>All of this said, something interesting has happened to the relationship in the last few months. While this isn’t&nbsp;because of some iron-clad affinity between stocks and bonds, it does&nbsp;tell us something about a factor that affects both: inflation.&nbsp;For the last three months, there has been the strongest positive correlation between bonds and stocks (meaning that their prices move in the same direction, and bond yields move in the opposite direction to share prices) in this century. This is from London’s Absolute Strategy Research Ltd.:</p><p><img src=\"https://static.tigerbbs.com/da9ff75005e1828913f0286e0c37b938\" tg-width=\"1206\" tg-height=\"810\" referrerpolicy=\"no-referrer\"></p><p>For most of the time since the internet bubble burst, there has been a negative correlation; bond yields have tended to move in the same direction as share prices. Why might this tell us something about inflation? Scanning the charts over the long term, we see that the correlation was positive from the late 1960s through until the late 1990s, before falling sharply after the bubble burst. After that, the correlation was consistently negative, until now.</p><p>The period during which the correlation was positive stretches from the era when the Bretton Woods partial tie of currencies to the dollar and to gold was coming apart, through to the round of financial crises in the late 1990s which reached their most frightening moment when the Federal Reserve under Alan Greenspan cut rates in the wake of the Long-Term Capital Management meltdown. During this period, inflation seemed a significant concern. Before, the tie to gold tended to keep inflation concerns under control. After LTCM, and&nbsp;the melt-up and asset price collapse that followed, fear of inflation went off the agenda almost completely. The Fed was acting to avert deflation, which Japan had shown could be a real possibility. Inflation was a consummation devoutly to be wished. So, stocks and bonds were positively correlated during the era when inflation was a real concern, but negatively correlated in the periods before and after:</p><p><img src=\"https://static.tigerbbs.com/361da76a52e87cdf5cd8abe10aeeb9e9\" tg-width=\"1222\" tg-height=\"814\" referrerpolicy=\"no-referrer\"></p><p>Over the past 20 years, this has made asset allocation relatively easy. If stocks don’t go up, the chances are that bonds will. That means, as Absolute Strategy points out, that many risk officers have come to rely on bonds when equities sell off. They have been a great diversifier. Meanwhile, the environment of the last decade has been dreadful for&nbsp;esoteric absolute return hedge funds that aim to offer diversification for stocks. There hasn’t seemed to be much point in their services when bonds work just fine. That might now change:</p><p><img src=\"https://static.tigerbbs.com/2079ae493d451487bccbe42f8c7ac389\" tg-width=\"1208\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p>So this could be a problem for a lot of people. But the deeper issue is that the raised correlation of recent weeks shows concern about inflation. Ever since the dot-com bubble, higher bond yields (and lower bond prices) have generally been seen as good news for stocks, because they show that there is a chance for growth. The two big equity crashes of the last two decades both came against a backdrop of sharply falling yields; in both the global financial crisis and the Covid-19 scare, the great concern was a lack of growth and inflation. Rightly or wrongly, investors are now beginning to think that inflation might actually happen, and to dislike the prospect. That means bonds and stocks are correlated for a while.</p><p><b>The Fed Model</b></p><p>The most celebrated attempt to link stocks and bonds was the Fed model, which became famous in the late 1990s because Alan Greenspan himself appeared to be using it in some of his congressional testimonies. The Fed model compared the earnings yield on stocks (the inverse of the price-earnings multiple), with Treasury bond yields. When equity yields were higher, they suggested stocks were undervalued, and when lower that stocks were overvalued. In neutral, bond and equity yields would be equal. It never worked perfectly, but for a while in the 1960s and 1970s it did look as the relationship would revert to a mean where they were roughly equal (at least if you squinted, and crossed your fingers). Applying the Fed model would have given you a strong and correct signal to get out of the market ahead of the Black Monday crash in 1987, so that’s something.</p><p>Greenspan’s post-LTCM monetary policy utterly destroyed his model. Bonds briefly yielded almost double equities at the top of the insanity in 2000, then the gap disappeared. These days, bonds seldom yield even half as much as equities:</p><p><img src=\"https://static.tigerbbs.com/2f5b59c100885fb2d90f3c7a16b8daa3\" tg-width=\"594\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p><p>Either the stock market has been hugely undervalued for 20 years, and remains hugely undervalued now, or the Fed model is wrong. I’m inclined to go with the latter.&nbsp;Absolute Strategy’s Ian Harnett also offers this chart which includes all the equity corrections, and shows that, with the partial exception of 1987,&nbsp;the Fed model was of no use whatever in spotting a fall coming:</p><p><img src=\"https://static.tigerbbs.com/329807d792c8556da1336c853248c905\" tg-width=\"689\" tg-height=\"508\" referrerpolicy=\"no-referrer\"></p><p>Another version of the same idea is to compare the dividend yield on stocks with bond yields. Decades went by without anybody thinking these should be roughly equivalent. It was taken as read that equities’ chance of higher returns meant that bonds must inevitably offer a higher cash yield. The moment at the end of 2008 when dividend yields rose above bond yields was a shuddering blow, and led to predictions (reasonable given the history of the previous half century) that stocks were poised for massive outperformance of bonds. As we now know, bonds did very well themselves over the last few years. If someone had posited some kind of new Fed model that dividend and bond yields should be equal, the last 10 years might have made that position look sensible. (And before you write in, no I’m not seriously suggesting this, I’m making&nbsp;a point about data mining, and also trying&nbsp;to show that the relationship between stock and bond yields isn’t remotely stable over time). This chart was also produced for me by Harnett:</p><p><img src=\"https://static.tigerbbs.com/57f6c728d1f907a68b27191f245bd522\" tg-width=\"628\" tg-height=\"442\" referrerpolicy=\"no-referrer\"></p><p><b>The Rule of 20</b></p><p>Before the Fed model, there was also the Rule of 20. This held that inflation was the driving force of equity valuations, and cut out bond yields. The idea was that you could subtract the rate of inflation from 20 to get the ideal price-earnings ratio. The higher inflation is, the lower the multiple of future earnings you will be prepared to pay. That in principle makes some sense. And for the three decades from 1960 to 1990, the sum of the S&amp;P 500’s P/E ratio and the inflation rate scarcely ever varied from 20 by more than five in either direction.</p><p>Unfortunately for the rule of 20, investors briefly decided they didn’t have to worry about inflation at all at the end of the 1990s —&nbsp;but the rule again hasn’t performed that badly in the two decades that followed, even though nobody at all was using it. Covid, however, seems to have laid waste to it. By my brutally simple calculations, the current sum of the P/E and the inflation rate is the highest on record. This implies that if inflation is on its way back and investors are beginning to take it seriously, equity multiples have a long way to fall:</p><p><img src=\"https://static.tigerbbs.com/41bdad483ac982ae796ac497a26eb8ae\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\"></p><p>When I tried running the same calculation using the Shiller cyclically-adjusted price-earnings, or CAPE,&nbsp;multiple, looking at average earnings for the previous decade rather than one year, the rule of 20 did&nbsp;work surprisingly well for a long time. Calculated this way, the bubble of 2000 looks even more of an outlier. And the sum of inflation and the CAPE has just topped 40 for the first time since then, so we should be concerned. (My apologies for the trend line in the following graphic; I have no idea why the graphics software insisted on drawing it for me).</p><p><img src=\"https://static.tigerbbs.com/cd7bed84c2d1838ae05f0eb3fb63b2cd\" tg-width=\"951\" tg-height=\"552\" referrerpolicy=\"no-referrer\"></p><p>Is there a better, modernized version of the rule of 20 out there? The long weekend allowed Harnett to produce this, the “Inflation Dart” (although to me, thanks to a boyhood fascination with aircraft, it looks more of an “Inflation Concorde” or “Inflation Vulcan Bomber”):</p><p><img src=\"https://static.tigerbbs.com/0656b11623b22d9ad3cef9df7e8e4afd\" tg-width=\"726\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Before you dismiss this as ridiculous sophistry, it does contain a lot of intuitive common sense. While inflation remains broadly under control, the Shiller P/E&nbsp;can be more or less anything. Once inflation gets into the high single digits or beyond, or once it lapses&nbsp;into outright deflation, however, equity multiples suffer. Under inflation, the value of earnings streams will be eroded, and under deflation the earnings themselves will be eroded, so this makes sense. What this tells us is what most of us could have guessed. If inflation really does pick up from here and gets to the historically unremarkable but these days almost unimaginable level of 5%, history tells us it’s a racing certainty that equity valuations will come down a lot.</p><p>Inflation needs to rise first before that happens. And higher inflation isn’t a given. There are plenty of reasons to believe that it is transitory, and we will need many more months of data to tell whether we really are entering a higher inflation regime. But the Inflation Dart does say very clearly that this would be bad news. And that helps explain why bonds and stocks are suddenly more correlated than they’ve been in decades. Expect that to continue unless and until the inflation fears are decisively put to bed.</p><p><b>Survival Tips</b></p><p>Over the long weekend, I read&nbsp;<i>The Premonition: A Pandemic Story</i>, a brilliant telling of how a group of disparate doctors and scientists initially pulled together by the George W. Bush administration spotted the pandemic coming, but were thwarted from taking the actions that might have dealt with it. Far subtler than many treatments of Covid-19, it taught me a lot, and was also a page-turner. It was written by the highly successful author, and these days my Bloomberg Opinion colleague, Michael Lewis, who has a happy knack for condensing complicated concepts into straightforward tales about sympathetic characters. I am sure there will be claims that Lewis over-simplified, but I recommend reading it.</p><p>Then I heard the news that&nbsp;Dixie Lewis, his daughter, had been killed in a car crash last week. She was 19. “We loved her so much and are in a kind of pain none of us has experienced,” he said. “She loved to live and our hearts are so broken they can’t find the words to describe the feeling.”</p><p>Nobody should ever have to bury their child, and there are indeed no words to describe such loss and such pain, or to provide any meaningful comfort. The work of art that comes closest to capturing the pain of bereavement that I know of is&nbsp;<i>Cantus In Memoriam of Benjamin Britten</i>&nbsp;by Arvo Part. I’ve mentioned it in this slot before, but I cannot get beyond it. I commend it. And I continue to think it would be a great idea to read The Premonition. My sympathies to all who knew and loved Dixie Lewis.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>An Unreliable Ratio Points to Trouble for Stocks</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\">\nAn Unreliable Ratio Points to Trouble for Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-06-01/stock-bond-yield-correlation-suggests-inflation-is-a-real-concern?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The correlation between equities and bond yields is again strongly positive, suggesting real concern about inflation.Stocks vs Bonds: The RematchThis is going to be a piece about the relationship ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-06-01/stock-bond-yield-correlation-suggests-inflation-is-a-real-concern?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-06-01/stock-bond-yield-correlation-suggests-inflation-is-a-real-concern?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183596556","content_text":"The correlation between equities and bond yields is again strongly positive, suggesting real concern about inflation.Stocks vs Bonds: The RematchThis is going to be a piece about the relationship between share prices and bond yields, so I had better start with a public health warning. A lot of nonsense has over history been spouted about this link, and it was brilliantly denounced in this article by veteran British economist and fund manager Andrew Smithers in 2006:The greatest single triumph yet achieved by data mining is the invention of the bond yield ratio. This claims that equities can be valued by comparing bond yields and earnings yields. These ratios showed a strong correlation in the US from 1977 to 1997. But the exact opposite relationship ruled from 1948 to 1968. It is, of course, possible to use all the available data, thereby flattering the prejudices of economists but offending the key principle of data mining. If this is done, it shows that there is no relationship at all between bond yields and earnings yields.Readers can, nonetheless, be confident that the use of the bond yield ratio will not disappear simply because it cannot be supported by either theory or experience. Claims based on data mining are not discarded simply because they do not work. They are put into the pending tray with the standard excuse that “the relationship has broken down”. While this cannot be logically distinguished from “there never was a relationship”, it has two great advantages. First, it sounds a great deal better and, second, it demands less effort to reuse old nonsense than to invent new follies.So, there is no permanently stable connection between the yields on stocks and bonds, and we have to be careful about any definitions. This should be a reminder for caution about claims that U.S. equities aren’t expensive at present, when ultra-low bond yields are taken into account.All of this said, something interesting has happened to the relationship in the last few months. While this isn’t because of some iron-clad affinity between stocks and bonds, it does tell us something about a factor that affects both: inflation. For the last three months, there has been the strongest positive correlation between bonds and stocks (meaning that their prices move in the same direction, and bond yields move in the opposite direction to share prices) in this century. This is from London’s Absolute Strategy Research Ltd.:For most of the time since the internet bubble burst, there has been a negative correlation; bond yields have tended to move in the same direction as share prices. Why might this tell us something about inflation? Scanning the charts over the long term, we see that the correlation was positive from the late 1960s through until the late 1990s, before falling sharply after the bubble burst. After that, the correlation was consistently negative, until now.The period during which the correlation was positive stretches from the era when the Bretton Woods partial tie of currencies to the dollar and to gold was coming apart, through to the round of financial crises in the late 1990s which reached their most frightening moment when the Federal Reserve under Alan Greenspan cut rates in the wake of the Long-Term Capital Management meltdown. During this period, inflation seemed a significant concern. Before, the tie to gold tended to keep inflation concerns under control. After LTCM, and the melt-up and asset price collapse that followed, fear of inflation went off the agenda almost completely. The Fed was acting to avert deflation, which Japan had shown could be a real possibility. Inflation was a consummation devoutly to be wished. So, stocks and bonds were positively correlated during the era when inflation was a real concern, but negatively correlated in the periods before and after:Over the past 20 years, this has made asset allocation relatively easy. If stocks don’t go up, the chances are that bonds will. That means, as Absolute Strategy points out, that many risk officers have come to rely on bonds when equities sell off. They have been a great diversifier. Meanwhile, the environment of the last decade has been dreadful for esoteric absolute return hedge funds that aim to offer diversification for stocks. There hasn’t seemed to be much point in their services when bonds work just fine. That might now change:So this could be a problem for a lot of people. But the deeper issue is that the raised correlation of recent weeks shows concern about inflation. Ever since the dot-com bubble, higher bond yields (and lower bond prices) have generally been seen as good news for stocks, because they show that there is a chance for growth. The two big equity crashes of the last two decades both came against a backdrop of sharply falling yields; in both the global financial crisis and the Covid-19 scare, the great concern was a lack of growth and inflation. Rightly or wrongly, investors are now beginning to think that inflation might actually happen, and to dislike the prospect. That means bonds and stocks are correlated for a while.The Fed ModelThe most celebrated attempt to link stocks and bonds was the Fed model, which became famous in the late 1990s because Alan Greenspan himself appeared to be using it in some of his congressional testimonies. The Fed model compared the earnings yield on stocks (the inverse of the price-earnings multiple), with Treasury bond yields. When equity yields were higher, they suggested stocks were undervalued, and when lower that stocks were overvalued. In neutral, bond and equity yields would be equal. It never worked perfectly, but for a while in the 1960s and 1970s it did look as the relationship would revert to a mean where they were roughly equal (at least if you squinted, and crossed your fingers). Applying the Fed model would have given you a strong and correct signal to get out of the market ahead of the Black Monday crash in 1987, so that’s something.Greenspan’s post-LTCM monetary policy utterly destroyed his model. Bonds briefly yielded almost double equities at the top of the insanity in 2000, then the gap disappeared. These days, bonds seldom yield even half as much as equities:Either the stock market has been hugely undervalued for 20 years, and remains hugely undervalued now, or the Fed model is wrong. I’m inclined to go with the latter. Absolute Strategy’s Ian Harnett also offers this chart which includes all the equity corrections, and shows that, with the partial exception of 1987, the Fed model was of no use whatever in spotting a fall coming:Another version of the same idea is to compare the dividend yield on stocks with bond yields. Decades went by without anybody thinking these should be roughly equivalent. It was taken as read that equities’ chance of higher returns meant that bonds must inevitably offer a higher cash yield. The moment at the end of 2008 when dividend yields rose above bond yields was a shuddering blow, and led to predictions (reasonable given the history of the previous half century) that stocks were poised for massive outperformance of bonds. As we now know, bonds did very well themselves over the last few years. If someone had posited some kind of new Fed model that dividend and bond yields should be equal, the last 10 years might have made that position look sensible. (And before you write in, no I’m not seriously suggesting this, I’m making a point about data mining, and also trying to show that the relationship between stock and bond yields isn’t remotely stable over time). This chart was also produced for me by Harnett:The Rule of 20Before the Fed model, there was also the Rule of 20. This held that inflation was the driving force of equity valuations, and cut out bond yields. The idea was that you could subtract the rate of inflation from 20 to get the ideal price-earnings ratio. The higher inflation is, the lower the multiple of future earnings you will be prepared to pay. That in principle makes some sense. And for the three decades from 1960 to 1990, the sum of the S&P 500’s P/E ratio and the inflation rate scarcely ever varied from 20 by more than five in either direction.Unfortunately for the rule of 20, investors briefly decided they didn’t have to worry about inflation at all at the end of the 1990s — but the rule again hasn’t performed that badly in the two decades that followed, even though nobody at all was using it. Covid, however, seems to have laid waste to it. By my brutally simple calculations, the current sum of the P/E and the inflation rate is the highest on record. This implies that if inflation is on its way back and investors are beginning to take it seriously, equity multiples have a long way to fall:When I tried running the same calculation using the Shiller cyclically-adjusted price-earnings, or CAPE, multiple, looking at average earnings for the previous decade rather than one year, the rule of 20 did work surprisingly well for a long time. Calculated this way, the bubble of 2000 looks even more of an outlier. And the sum of inflation and the CAPE has just topped 40 for the first time since then, so we should be concerned. (My apologies for the trend line in the following graphic; I have no idea why the graphics software insisted on drawing it for me).Is there a better, modernized version of the rule of 20 out there? The long weekend allowed Harnett to produce this, the “Inflation Dart” (although to me, thanks to a boyhood fascination with aircraft, it looks more of an “Inflation Concorde” or “Inflation Vulcan Bomber”):Before you dismiss this as ridiculous sophistry, it does contain a lot of intuitive common sense. While inflation remains broadly under control, the Shiller P/E can be more or less anything. Once inflation gets into the high single digits or beyond, or once it lapses into outright deflation, however, equity multiples suffer. Under inflation, the value of earnings streams will be eroded, and under deflation the earnings themselves will be eroded, so this makes sense. What this tells us is what most of us could have guessed. If inflation really does pick up from here and gets to the historically unremarkable but these days almost unimaginable level of 5%, history tells us it’s a racing certainty that equity valuations will come down a lot.Inflation needs to rise first before that happens. And higher inflation isn’t a given. There are plenty of reasons to believe that it is transitory, and we will need many more months of data to tell whether we really are entering a higher inflation regime. But the Inflation Dart does say very clearly that this would be bad news. And that helps explain why bonds and stocks are suddenly more correlated than they’ve been in decades. Expect that to continue unless and until the inflation fears are decisively put to bed.Survival TipsOver the long weekend, I read The Premonition: A Pandemic Story, a brilliant telling of how a group of disparate doctors and scientists initially pulled together by the George W. Bush administration spotted the pandemic coming, but were thwarted from taking the actions that might have dealt with it. Far subtler than many treatments of Covid-19, it taught me a lot, and was also a page-turner. It was written by the highly successful author, and these days my Bloomberg Opinion colleague, Michael Lewis, who has a happy knack for condensing complicated concepts into straightforward tales about sympathetic characters. I am sure there will be claims that Lewis over-simplified, but I recommend reading it.Then I heard the news that Dixie Lewis, his daughter, had been killed in a car crash last week. She was 19. “We loved her so much and are in a kind of pain none of us has experienced,” he said. “She loved to live and our hearts are so broken they can’t find the words to describe the feeling.”Nobody should ever have to bury their child, and there are indeed no words to describe such loss and such pain, or to provide any meaningful comfort. The work of art that comes closest to capturing the pain of bereavement that I know of is Cantus In Memoriam of Benjamin Britten by Arvo Part. I’ve mentioned it in this slot before, but I cannot get beyond it. I commend it. And I continue to think it would be a great idea to read The Premonition. My sympathies to all who knew and loved Dixie Lewis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113975861,"gmtCreate":1622592562853,"gmtModify":1704186837770,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Thanks for info , [ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;","listText":"Thanks for info , [ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;[ShakeHands]&nbsp;","text":"Thanks for info , [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands] [ShakeHands]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113975861","repostId":"2140580461","repostType":4,"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113970437,"gmtCreate":1622592400929,"gmtModify":1704186830169,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113970437","repostId":"1112782785","repostType":4,"repost":{"id":"1112782785","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":1622534759,"share":"https://ttm.financial/m/news/1112782785?lang=&edition=fundamental","pubTime":"2021-06-01 16:05","market":"hk","language":"en","title":"Alibaba stock surged nearly 5% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1112782785","media":"Tiger Newspress","summary":"Alibaba stock surged nearly 5% in premarket trading after its shares closing up 3.4% in Hong Kong.Suspended Ant Group IPO, Jack Ma's disappearance, and regulatory concerns have forced Alibaba’s stock price ~-30% off highs.I believe Alibaba is trading at massive discounts on a relative basis.Future growth runways coupled with discounted buying opportunities could create a valuable investment opportunity.Currently, in a market full of elevated asset prices it can be difficult for investors to find","content":"<p>Alibaba stock surged&nbsp;nearly 5% in premarket trading&nbsp;after&nbsp;its shares closing up 3.4% in Hong Kong.</p><p><img src=\"https://static.tigerbbs.com/eb087d2067906ea07d1e9a1851fb2170\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/de6e1ea296db9382fbaf414201ee23d4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><ul><li>Suspended Ant Group IPO, Jack Ma's disappearance, and regulatory concerns have forced Alibaba’s stock price ~-30% off highs.</li><li>I believe Alibaba is trading at massive discounts on a relative basis.</li><li>Future growth runways coupled with discounted buying opportunities could create a valuable investment opportunity.</li></ul><p><img src=\"https://static.tigerbbs.com/76c35f5fb7c6d19825e9a4c876f7522c\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"></p><p><b>Intro</b></p><p>Currently, in a market full of elevated asset prices it can be difficult for investors to find underappreciated securities on a valuation basis. After months of negative headlines and regulatory issues, I believe Alibaba (BABA) is being underappreciated through the lens of both valuation and growth potential. While investors may be fearful of regulatory risks, management stability, and financial legitimacy, BABA’s growth runway coupled with discounted prices could potentially produce a valuable investment opportunity.</p><p><b>Why I Think it is Cheap</b></p><p>After Chinese regulators suspended the highly anticipated IPO of Ant Group due to issues surrounding changes in the financial regulatory environment and how the company was not meeting disclosure requirements, BABA’s share price began seeing initial selling pressure. BABA saw an -8.13% dip in share price after the IPO was delayed. Given that BABA has a&nbsp;33% equity interestin the company, the canceled listing of Ant Group caused obvious headwinds. Shortly after the canceled IPO, Jack Ma publicly denounced China’s financial regulators on stage at a conference in Shanghai. Adding to the mountain of negative headlines, the outspoken founder went missing shortly after this stint which was followed by a further decline in share price. Weeks after Ma’s criticisms regarding China’s regulators, China came crashing down hard on Alibaba with an antitrust investigation based on monopolistic concerns. BABA’s share price began to see deep selling pressure in late December with the U.S.-listed ADR falling over -13% on Christmas Eve.</p><p><img src=\"https://static.tigerbbs.com/67f6cf5346933ea265d9c4ba262c3880\" tg-width=\"624\" tg-height=\"356\" referrerpolicy=\"no-referrer\"></p><p>After a slew of negative press, financial and regulatory headwinds, BABA has fallen ~-30% from ATH where it currently sits just over $210 a share. With share price declining and earnings continuing to grow rapidly, Alibaba has seen valuation multiples contract to levels not seen since shortly after their NYSE listing in 2015.</p><p><b>How Cheap is it on a Relative Basis?</b></p><p>Using the next twelve months forward earnings estimates, \"NTM,\" we begin to quantify how discounted BABA is through valuation multiples. Below are two charts showing BABA at the very bottom of its EV/S and P/E channels. Each chart compares the NTM multiple relative to the earnings denominator (NTM Revs &amp; NTM EPS respectively).</p><p><img src=\"https://static.tigerbbs.com/9e4fecfcf6207a0c65a113e167696067\" tg-width=\"624\" tg-height=\"355\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1b0ea99d299e7aaa2a5c793434e2c05d\" tg-width=\"624\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>Since BABA listed on the NYSE, their EV/S multiple has contracted over time as revenue growth has progressed rapidly; P/E typically has traded in a range of 20x – 35x NTM EPS estimates. Due to hyper EPS growth in the last few years, coupled with the short-term price downturn; Alibaba’s NTM P/E multiple has contracted to the very bottom of its historical channel (~20x NTM P/E).</p><p>Next, I used NTM forecasts for both revenue and EPS, coupled with bull, bear, and base case NTM multiples to derive my case-specific price targets. Price targets using EPS and P/E were calculated by multiplying expected NTM EPS by expected NTM P/E. Price targets using revenue and EV/S were calculated by multiplying expected NTM rev by expected NTM EV/S, subtracting trailing twelve months \"TTM\" net debt (-$52,797.3M) and dividing by TTM diluted shares outstanding (2,750M).</p><p><img src=\"https://static.tigerbbs.com/a262edad6a9272298ad31bdc8f3e1fc5\" tg-width=\"906\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p>After taking the median bull and bear price targets, I created a tactical risk/reward chart to determine BABA’s margin of safety at current price levels. I used the median to calculate official price targets to gain exposure from both BABA's top and bottom-line.</p><p><img src=\"https://static.tigerbbs.com/d61c7cd16fc768cc10b8ae344427eae5\" tg-width=\"682\" tg-height=\"671\" referrerpolicy=\"no-referrer\"></p><p>Given a market price of $213, BABA implies a 10.3x risk/reward level based on my forecasts. After comparing my multiple expectations to competitors, there is the risk of further contraction in EV/S over time but BABA appears very discounted relative to competition on a P/E basis.</p><p><img src=\"https://static.tigerbbs.com/8de1a38e8f053d82c2884626320b2069\" tg-width=\"907\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p>Next, I wanted to measure BABA’s discounted valuation relative to TTM revenue growth. To do this I created a scatter plot, charting P/S on a TTM basis on the y-axis and TTM revenue growth YoY on the x-axis. Points charted under the dashed line are deemed undervalued and any points above the line are deemed overvalued.</p><p><img src=\"https://static.tigerbbs.com/6fee6fd697b605d498925cc094b39ff5\" tg-width=\"624\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p>Based on TTM revenue growth through Q1 ’21, it’s clear to see the major discount BABA also has adjusted for top-line growth. Lastly, I wanted to throw in a price action chart with a long-term trendline pointing to BABA’s discounted price factor:</p><p><img src=\"https://static.tigerbbs.com/2e3c649795d1e8b6e297b436a9ee32b8\" tg-width=\"624\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p><p><b>Growth Runway</b></p><p>To capture excellent investment gains, valuation is not enough, Alibaba will have to continue executing its growth strategy. While the stock seems to be cheap on a relative basis, I also believe growth on the top and bottom lines is imminent.</p><p></p><p><img src=\"https://static.tigerbbs.com/8af3a56b016bed164ca19ff7282a581a\" tg-width=\"284\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>After their Q1 release, BABA reported 41% YoY growth on the top-line driven by their leading core commerce segment alongside the fast-growing cloud segment. Coming off 35% YoY growth in 2020, being able to deliver a 41% topline increase is incredible for the year following. Given the fact COVID-19related online growth was reflected in early 2020 results, I find it very feasiblefor core commerce tailwinds to continue as growth persisted, and expanded, the following year.</p><p>Alongside general e-commerce tailwinds, China’s middle-class growth could support sales for a mega-cap commerce player like Alibaba. “China already makes up the&nbsp;largest middle-class consumption&nbsp;market segment in the world” asChinese middle-class consumers were on track to spend over $7.3 Trillion in 2020, roughly 55% higher than the United States middle-class at $4.7 Trillion. At current levels, less than one-third of China’s total population lies within their middle-class, containing roughly 400 million people. Population expectations for the Chinese middle-class are expected to be 1.2 Billion people in 2027, a 17% CAGR. Coupling the sheer class population growth with a forecasted income CAGR of 3% stacked on top, BABA is potentially looking at a 20% built-in core commerce CAGR over the next 7 years based on these estimates.</p><p>Lastly, I believe the digital transformation acceleration happening around the globewill be an excellent growth catalyst for the company moving forward. Like Amazon, Alibaba constructed its cloud base on logistical support for the commerce/delivery giant. Now that the infrastructure is built, they can grow the cloud as an operating segment, separate from core commerce, and outsource to major customers.</p><p>Below you can see previous YoY growth on three months ended and annual basis.</p><p><img src=\"https://static.tigerbbs.com/d2844a5c25507131d3bb1acc5e223c71\" tg-width=\"624\" tg-height=\"273\" referrerpolicy=\"no-referrer\"></p><p>While Alibaba Cloud only makes up 8% of total revenues, in the future I believe this segment will be a larger contributor to the total top-line as domestic and international adoption grows. Couple the cloud with core commerce expansion propelled forward by a rapidly increasing middle-class and BABA's growth runway is seemingly attractive for short and long-term investors.</p><p><img src=\"https://static.tigerbbs.com/253a50e7e7e1960b19d0ca68e2fd0360\" tg-width=\"624\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p><b>Risks</b></p><p>The reason this opportunity exists isn't because of a systematic drawdown or a major global catalyst suppressing stock prices, there are clear idiosyncratic risks to investing in Alibaba. The major risks of a BABA investment were highlighted clearly over the past 7 months. Starting with the Ant IPO suspension, BABA investors became concerned not just with the fin-tech company exposure, but also began questioning the financial legitimacy of BABA itself. To make things worse, the outspoken billionaire founder denounced the Chinese regulators in a very public fashion. Obviously, China didn't like this and launched the full-fledged antitrust investigation into Alibaba. The regulatory risk is my biggest concern while investing in BABA. At the end of the day, I've only ever lived in the United States and am no expert on Chinese foreign policy. I want to make clear these regulatory risks are very real for any mega-cap company but potentially more so for those internationally. As an investor, it's very important to run through all the potential risks to a company before investing and only allocate capital if you believe the potential reward outweighs the risks accounted for.</p><p><b>Summary</b></p><p>In a short-term view, Alibaba has an excellent catalyst with the 6.18 sale. It is their first major sale since COVID, and it lasts from May 24th – June 20th. While sales like these are common annually and may have an extremely minimal effect on stock price, the positive sentiment generated could be a good turning point for BABA. Based on a long-term approach, I believe Alibaba will continue to be a massive global leader and continue to dominate Chinese e-commerce even in the wake of regulatory risk. With a rapidly growing middle-class and a digital transformation acceleration, I think core commerce and Alibaba cloud will continue driving growth for the company. After paying off the fine imposed I think much of the regulatory risk is behind them now. As future earnings growth has the potential to outweigh any regulatory concerns, BABA is in the making be an excellent investment opportunity, especially at deeply discounted valuations.</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>Alibaba stock surged nearly 5% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba stock surged nearly 5% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-01 16:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Alibaba stock surged&nbsp;nearly 5% in premarket trading&nbsp;after&nbsp;its shares closing up 3.4% in Hong Kong.</p><p><img src=\"https://static.tigerbbs.com/eb087d2067906ea07d1e9a1851fb2170\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/de6e1ea296db9382fbaf414201ee23d4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><ul><li>Suspended Ant Group IPO, Jack Ma's disappearance, and regulatory concerns have forced Alibaba’s stock price ~-30% off highs.</li><li>I believe Alibaba is trading at massive discounts on a relative basis.</li><li>Future growth runways coupled with discounted buying opportunities could create a valuable investment opportunity.</li></ul><p><img src=\"https://static.tigerbbs.com/76c35f5fb7c6d19825e9a4c876f7522c\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"></p><p><b>Intro</b></p><p>Currently, in a market full of elevated asset prices it can be difficult for investors to find underappreciated securities on a valuation basis. After months of negative headlines and regulatory issues, I believe Alibaba (BABA) is being underappreciated through the lens of both valuation and growth potential. While investors may be fearful of regulatory risks, management stability, and financial legitimacy, BABA’s growth runway coupled with discounted prices could potentially produce a valuable investment opportunity.</p><p><b>Why I Think it is Cheap</b></p><p>After Chinese regulators suspended the highly anticipated IPO of Ant Group due to issues surrounding changes in the financial regulatory environment and how the company was not meeting disclosure requirements, BABA’s share price began seeing initial selling pressure. BABA saw an -8.13% dip in share price after the IPO was delayed. Given that BABA has a&nbsp;33% equity interestin the company, the canceled listing of Ant Group caused obvious headwinds. Shortly after the canceled IPO, Jack Ma publicly denounced China’s financial regulators on stage at a conference in Shanghai. Adding to the mountain of negative headlines, the outspoken founder went missing shortly after this stint which was followed by a further decline in share price. Weeks after Ma’s criticisms regarding China’s regulators, China came crashing down hard on Alibaba with an antitrust investigation based on monopolistic concerns. BABA’s share price began to see deep selling pressure in late December with the U.S.-listed ADR falling over -13% on Christmas Eve.</p><p><img src=\"https://static.tigerbbs.com/67f6cf5346933ea265d9c4ba262c3880\" tg-width=\"624\" tg-height=\"356\" referrerpolicy=\"no-referrer\"></p><p>After a slew of negative press, financial and regulatory headwinds, BABA has fallen ~-30% from ATH where it currently sits just over $210 a share. With share price declining and earnings continuing to grow rapidly, Alibaba has seen valuation multiples contract to levels not seen since shortly after their NYSE listing in 2015.</p><p><b>How Cheap is it on a Relative Basis?</b></p><p>Using the next twelve months forward earnings estimates, \"NTM,\" we begin to quantify how discounted BABA is through valuation multiples. Below are two charts showing BABA at the very bottom of its EV/S and P/E channels. Each chart compares the NTM multiple relative to the earnings denominator (NTM Revs &amp; NTM EPS respectively).</p><p><img src=\"https://static.tigerbbs.com/9e4fecfcf6207a0c65a113e167696067\" tg-width=\"624\" tg-height=\"355\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1b0ea99d299e7aaa2a5c793434e2c05d\" tg-width=\"624\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>Since BABA listed on the NYSE, their EV/S multiple has contracted over time as revenue growth has progressed rapidly; P/E typically has traded in a range of 20x – 35x NTM EPS estimates. Due to hyper EPS growth in the last few years, coupled with the short-term price downturn; Alibaba’s NTM P/E multiple has contracted to the very bottom of its historical channel (~20x NTM P/E).</p><p>Next, I used NTM forecasts for both revenue and EPS, coupled with bull, bear, and base case NTM multiples to derive my case-specific price targets. Price targets using EPS and P/E were calculated by multiplying expected NTM EPS by expected NTM P/E. Price targets using revenue and EV/S were calculated by multiplying expected NTM rev by expected NTM EV/S, subtracting trailing twelve months \"TTM\" net debt (-$52,797.3M) and dividing by TTM diluted shares outstanding (2,750M).</p><p><img src=\"https://static.tigerbbs.com/a262edad6a9272298ad31bdc8f3e1fc5\" tg-width=\"906\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p>After taking the median bull and bear price targets, I created a tactical risk/reward chart to determine BABA’s margin of safety at current price levels. I used the median to calculate official price targets to gain exposure from both BABA's top and bottom-line.</p><p><img src=\"https://static.tigerbbs.com/d61c7cd16fc768cc10b8ae344427eae5\" tg-width=\"682\" tg-height=\"671\" referrerpolicy=\"no-referrer\"></p><p>Given a market price of $213, BABA implies a 10.3x risk/reward level based on my forecasts. After comparing my multiple expectations to competitors, there is the risk of further contraction in EV/S over time but BABA appears very discounted relative to competition on a P/E basis.</p><p><img src=\"https://static.tigerbbs.com/8de1a38e8f053d82c2884626320b2069\" tg-width=\"907\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p>Next, I wanted to measure BABA’s discounted valuation relative to TTM revenue growth. To do this I created a scatter plot, charting P/S on a TTM basis on the y-axis and TTM revenue growth YoY on the x-axis. Points charted under the dashed line are deemed undervalued and any points above the line are deemed overvalued.</p><p><img src=\"https://static.tigerbbs.com/6fee6fd697b605d498925cc094b39ff5\" tg-width=\"624\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p>Based on TTM revenue growth through Q1 ’21, it’s clear to see the major discount BABA also has adjusted for top-line growth. Lastly, I wanted to throw in a price action chart with a long-term trendline pointing to BABA’s discounted price factor:</p><p><img src=\"https://static.tigerbbs.com/2e3c649795d1e8b6e297b436a9ee32b8\" tg-width=\"624\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p><p><b>Growth Runway</b></p><p>To capture excellent investment gains, valuation is not enough, Alibaba will have to continue executing its growth strategy. While the stock seems to be cheap on a relative basis, I also believe growth on the top and bottom lines is imminent.</p><p></p><p><img src=\"https://static.tigerbbs.com/8af3a56b016bed164ca19ff7282a581a\" tg-width=\"284\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>After their Q1 release, BABA reported 41% YoY growth on the top-line driven by their leading core commerce segment alongside the fast-growing cloud segment. Coming off 35% YoY growth in 2020, being able to deliver a 41% topline increase is incredible for the year following. Given the fact COVID-19related online growth was reflected in early 2020 results, I find it very feasiblefor core commerce tailwinds to continue as growth persisted, and expanded, the following year.</p><p>Alongside general e-commerce tailwinds, China’s middle-class growth could support sales for a mega-cap commerce player like Alibaba. “China already makes up the&nbsp;largest middle-class consumption&nbsp;market segment in the world” asChinese middle-class consumers were on track to spend over $7.3 Trillion in 2020, roughly 55% higher than the United States middle-class at $4.7 Trillion. At current levels, less than one-third of China’s total population lies within their middle-class, containing roughly 400 million people. Population expectations for the Chinese middle-class are expected to be 1.2 Billion people in 2027, a 17% CAGR. Coupling the sheer class population growth with a forecasted income CAGR of 3% stacked on top, BABA is potentially looking at a 20% built-in core commerce CAGR over the next 7 years based on these estimates.</p><p>Lastly, I believe the digital transformation acceleration happening around the globewill be an excellent growth catalyst for the company moving forward. Like Amazon, Alibaba constructed its cloud base on logistical support for the commerce/delivery giant. Now that the infrastructure is built, they can grow the cloud as an operating segment, separate from core commerce, and outsource to major customers.</p><p>Below you can see previous YoY growth on three months ended and annual basis.</p><p><img src=\"https://static.tigerbbs.com/d2844a5c25507131d3bb1acc5e223c71\" tg-width=\"624\" tg-height=\"273\" referrerpolicy=\"no-referrer\"></p><p>While Alibaba Cloud only makes up 8% of total revenues, in the future I believe this segment will be a larger contributor to the total top-line as domestic and international adoption grows. Couple the cloud with core commerce expansion propelled forward by a rapidly increasing middle-class and BABA's growth runway is seemingly attractive for short and long-term investors.</p><p><img src=\"https://static.tigerbbs.com/253a50e7e7e1960b19d0ca68e2fd0360\" tg-width=\"624\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p><b>Risks</b></p><p>The reason this opportunity exists isn't because of a systematic drawdown or a major global catalyst suppressing stock prices, there are clear idiosyncratic risks to investing in Alibaba. The major risks of a BABA investment were highlighted clearly over the past 7 months. Starting with the Ant IPO suspension, BABA investors became concerned not just with the fin-tech company exposure, but also began questioning the financial legitimacy of BABA itself. To make things worse, the outspoken billionaire founder denounced the Chinese regulators in a very public fashion. Obviously, China didn't like this and launched the full-fledged antitrust investigation into Alibaba. The regulatory risk is my biggest concern while investing in BABA. At the end of the day, I've only ever lived in the United States and am no expert on Chinese foreign policy. I want to make clear these regulatory risks are very real for any mega-cap company but potentially more so for those internationally. As an investor, it's very important to run through all the potential risks to a company before investing and only allocate capital if you believe the potential reward outweighs the risks accounted for.</p><p><b>Summary</b></p><p>In a short-term view, Alibaba has an excellent catalyst with the 6.18 sale. It is their first major sale since COVID, and it lasts from May 24th – June 20th. While sales like these are common annually and may have an extremely minimal effect on stock price, the positive sentiment generated could be a good turning point for BABA. Based on a long-term approach, I believe Alibaba will continue to be a massive global leader and continue to dominate Chinese e-commerce even in the wake of regulatory risk. With a rapidly growing middle-class and a digital transformation acceleration, I think core commerce and Alibaba cloud will continue driving growth for the company. After paying off the fine imposed I think much of the regulatory risk is behind them now. As future earnings growth has the potential to outweigh any regulatory concerns, BABA is in the making be an excellent investment opportunity, especially at deeply discounted valuations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112782785","content_text":"Alibaba stock surged nearly 5% in premarket trading after its shares closing up 3.4% in Hong Kong.Suspended Ant Group IPO, Jack Ma's disappearance, and regulatory concerns have forced Alibaba’s stock price ~-30% off highs.I believe Alibaba is trading at massive discounts on a relative basis.Future growth runways coupled with discounted buying opportunities could create a valuable investment opportunity.IntroCurrently, in a market full of elevated asset prices it can be difficult for investors to find underappreciated securities on a valuation basis. After months of negative headlines and regulatory issues, I believe Alibaba (BABA) is being underappreciated through the lens of both valuation and growth potential. While investors may be fearful of regulatory risks, management stability, and financial legitimacy, BABA’s growth runway coupled with discounted prices could potentially produce a valuable investment opportunity.Why I Think it is CheapAfter Chinese regulators suspended the highly anticipated IPO of Ant Group due to issues surrounding changes in the financial regulatory environment and how the company was not meeting disclosure requirements, BABA’s share price began seeing initial selling pressure. BABA saw an -8.13% dip in share price after the IPO was delayed. Given that BABA has a 33% equity interestin the company, the canceled listing of Ant Group caused obvious headwinds. Shortly after the canceled IPO, Jack Ma publicly denounced China’s financial regulators on stage at a conference in Shanghai. Adding to the mountain of negative headlines, the outspoken founder went missing shortly after this stint which was followed by a further decline in share price. Weeks after Ma’s criticisms regarding China’s regulators, China came crashing down hard on Alibaba with an antitrust investigation based on monopolistic concerns. BABA’s share price began to see deep selling pressure in late December with the U.S.-listed ADR falling over -13% on Christmas Eve.After a slew of negative press, financial and regulatory headwinds, BABA has fallen ~-30% from ATH where it currently sits just over $210 a share. With share price declining and earnings continuing to grow rapidly, Alibaba has seen valuation multiples contract to levels not seen since shortly after their NYSE listing in 2015.How Cheap is it on a Relative Basis?Using the next twelve months forward earnings estimates, \"NTM,\" we begin to quantify how discounted BABA is through valuation multiples. Below are two charts showing BABA at the very bottom of its EV/S and P/E channels. Each chart compares the NTM multiple relative to the earnings denominator (NTM Revs & NTM EPS respectively).Since BABA listed on the NYSE, their EV/S multiple has contracted over time as revenue growth has progressed rapidly; P/E typically has traded in a range of 20x – 35x NTM EPS estimates. Due to hyper EPS growth in the last few years, coupled with the short-term price downturn; Alibaba’s NTM P/E multiple has contracted to the very bottom of its historical channel (~20x NTM P/E).Next, I used NTM forecasts for both revenue and EPS, coupled with bull, bear, and base case NTM multiples to derive my case-specific price targets. Price targets using EPS and P/E were calculated by multiplying expected NTM EPS by expected NTM P/E. Price targets using revenue and EV/S were calculated by multiplying expected NTM rev by expected NTM EV/S, subtracting trailing twelve months \"TTM\" net debt (-$52,797.3M) and dividing by TTM diluted shares outstanding (2,750M).After taking the median bull and bear price targets, I created a tactical risk/reward chart to determine BABA’s margin of safety at current price levels. I used the median to calculate official price targets to gain exposure from both BABA's top and bottom-line.Given a market price of $213, BABA implies a 10.3x risk/reward level based on my forecasts. After comparing my multiple expectations to competitors, there is the risk of further contraction in EV/S over time but BABA appears very discounted relative to competition on a P/E basis.Next, I wanted to measure BABA’s discounted valuation relative to TTM revenue growth. To do this I created a scatter plot, charting P/S on a TTM basis on the y-axis and TTM revenue growth YoY on the x-axis. Points charted under the dashed line are deemed undervalued and any points above the line are deemed overvalued.Based on TTM revenue growth through Q1 ’21, it’s clear to see the major discount BABA also has adjusted for top-line growth. Lastly, I wanted to throw in a price action chart with a long-term trendline pointing to BABA’s discounted price factor:Growth RunwayTo capture excellent investment gains, valuation is not enough, Alibaba will have to continue executing its growth strategy. While the stock seems to be cheap on a relative basis, I also believe growth on the top and bottom lines is imminent.After their Q1 release, BABA reported 41% YoY growth on the top-line driven by their leading core commerce segment alongside the fast-growing cloud segment. Coming off 35% YoY growth in 2020, being able to deliver a 41% topline increase is incredible for the year following. Given the fact COVID-19related online growth was reflected in early 2020 results, I find it very feasiblefor core commerce tailwinds to continue as growth persisted, and expanded, the following year.Alongside general e-commerce tailwinds, China’s middle-class growth could support sales for a mega-cap commerce player like Alibaba. “China already makes up the largest middle-class consumption market segment in the world” asChinese middle-class consumers were on track to spend over $7.3 Trillion in 2020, roughly 55% higher than the United States middle-class at $4.7 Trillion. At current levels, less than one-third of China’s total population lies within their middle-class, containing roughly 400 million people. Population expectations for the Chinese middle-class are expected to be 1.2 Billion people in 2027, a 17% CAGR. Coupling the sheer class population growth with a forecasted income CAGR of 3% stacked on top, BABA is potentially looking at a 20% built-in core commerce CAGR over the next 7 years based on these estimates.Lastly, I believe the digital transformation acceleration happening around the globewill be an excellent growth catalyst for the company moving forward. Like Amazon, Alibaba constructed its cloud base on logistical support for the commerce/delivery giant. Now that the infrastructure is built, they can grow the cloud as an operating segment, separate from core commerce, and outsource to major customers.Below you can see previous YoY growth on three months ended and annual basis.While Alibaba Cloud only makes up 8% of total revenues, in the future I believe this segment will be a larger contributor to the total top-line as domestic and international adoption grows. Couple the cloud with core commerce expansion propelled forward by a rapidly increasing middle-class and BABA's growth runway is seemingly attractive for short and long-term investors.RisksThe reason this opportunity exists isn't because of a systematic drawdown or a major global catalyst suppressing stock prices, there are clear idiosyncratic risks to investing in Alibaba. The major risks of a BABA investment were highlighted clearly over the past 7 months. Starting with the Ant IPO suspension, BABA investors became concerned not just with the fin-tech company exposure, but also began questioning the financial legitimacy of BABA itself. To make things worse, the outspoken billionaire founder denounced the Chinese regulators in a very public fashion. Obviously, China didn't like this and launched the full-fledged antitrust investigation into Alibaba. The regulatory risk is my biggest concern while investing in BABA. At the end of the day, I've only ever lived in the United States and am no expert on Chinese foreign policy. I want to make clear these regulatory risks are very real for any mega-cap company but potentially more so for those internationally. As an investor, it's very important to run through all the potential risks to a company before investing and only allocate capital if you believe the potential reward outweighs the risks accounted for.SummaryIn a short-term view, Alibaba has an excellent catalyst with the 6.18 sale. It is their first major sale since COVID, and it lasts from May 24th – June 20th. While sales like these are common annually and may have an extremely minimal effect on stock price, the positive sentiment generated could be a good turning point for BABA. Based on a long-term approach, I believe Alibaba will continue to be a massive global leader and continue to dominate Chinese e-commerce even in the wake of regulatory risk. With a rapidly growing middle-class and a digital transformation acceleration, I think core commerce and Alibaba cloud will continue driving growth for the company. After paying off the fine imposed I think much of the regulatory risk is behind them now. As future earnings growth has the potential to outweigh any regulatory concerns, BABA is in the making be an excellent investment opportunity, especially at deeply discounted valuations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113945787,"gmtCreate":1622592324149,"gmtModify":1704186826266,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113945787","repostId":"2138889344","repostType":4,"isVote":1,"tweetType":1,"viewCount":622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113946636,"gmtCreate":1622592248325,"gmtModify":1704186823682,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113946636","repostId":"1156902787","repostType":4,"repost":{"id":"1156902787","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":1622555945,"share":"https://ttm.financial/m/news/1156902787?lang=&edition=fundamental","pubTime":"2021-06-01 21:59","market":"us","language":"en","title":"Some hot Chinese concept stocks Skyrocketed","url":"https://stock-news.laohu8.com/highlight/detail?id=1156902787","media":"Tiger Newspress","summary":"Some hot Chinese concept stocks Skyrocketed&nbsp;in&nbsp;in Tuesday morning trading.Pinduoduo,,Bilibili,Alibaba,JD.COM,Baidu&nbsp;and&nbsp;NIO&nbsp;climbed between 2% and 10%.","content":"<p>Some hot Chinese concept stocks Skyrocketed&nbsp;in&nbsp;in Tuesday morning trading.Pinduoduo,,Bilibili,Alibaba,JD.COM,Baidu&nbsp;and&nbsp;NIO&nbsp;climbed between 2% and 10%.</p><p><img src=\"https://static.tigerbbs.com/612c3c8388861fe8b77417d8a6895d96\" tg-width=\"369\" tg-height=\"724\" referrerpolicy=\"no-referrer\"></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>Some hot Chinese concept stocks Skyrocketed</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\">\nSome hot Chinese concept stocks Skyrocketed\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\">2021-06-01 21:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some hot Chinese concept stocks Skyrocketed&nbsp;in&nbsp;in Tuesday morning trading.Pinduoduo,,Bilibili,Alibaba,JD.COM,Baidu&nbsp;and&nbsp;NIO&nbsp;climbed between 2% and 10%.</p><p><img src=\"https://static.tigerbbs.com/612c3c8388861fe8b77417d8a6895d96\" tg-width=\"369\" tg-height=\"724\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","BABA":"阿里巴巴","PDD":"拼多多","BILI":"哔哩哔哩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156902787","content_text":"Some hot Chinese concept stocks Skyrocketed in in Tuesday morning trading.Pinduoduo,,Bilibili,Alibaba,JD.COM,Baidu and NIO climbed between 2% and 10%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113948834,"gmtCreate":1622592208228,"gmtModify":1704186821902,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113948834","repostId":"2140498465","repostType":4,"repost":{"id":"2140498465","pubTimestamp":1622557319,"share":"https://ttm.financial/m/news/2140498465?lang=&edition=fundamental","pubTime":"2021-06-01 22:21","market":"us","language":"en","title":"J&J to Pay $2.1 Billion Talc Award as Top Court Nixes Appeal","url":"https://stock-news.laohu8.com/highlight/detail?id=2140498465","media":"Bloomberg","summary":"U.S. Supreme Court refuses to hear J&J’s objections to verdict\nAward is largest to date in litigatio","content":"<ul>\n <li>U.S. Supreme Court refuses to hear J&amp;J’s objections to verdict</li>\n <li>Award is largest to date in litigation over baby powder risks</li>\n</ul>\n<p>Johnson &amp; Johnson must pay a $2.1 billion award to women who claimed its baby powder was contaminated with cancer-causing asbestos, after the U.S. Supreme Court left intact the largest verdict in the almost decade-long litigation over the iconic product.</p>\n<p>The top U.S. court without comment on Tuesday refused to consider J&amp;J’s objections to a St. Louis jury’s 2018 finding that its talc-based powder helped cause ovarian cancer in 20 women.</p>\n<p>J&amp;J prepared for the appeal’s denial by announcing in February it was setting aside almost $4 billion to cover the St. Louis verdict. The company still faces more than 25,000 lawsuits blaming baby powder for causing cancers. J&amp;J pulled the product off U.S. and Canadian shelves last year.</p>\n<p>Kim Montagnino, a J&amp;J spokeswoman, didn’t immediately return an email Tuesday seeking comment on the Supreme Court’s decision not to take the appeal. Shares of J&amp;J, based in New Brunswick, New Jersey, fell 1.1% at 9:59 a.m.</p>\n<p>“Today justice is served,” said Mark Lanier, the women’s lawyer. “Twenty families now get compensated for a horrible, unnecessary disease. And J&amp;J, the trigger for that disease, is held accountable.”</p>\n<p>Jurors in the St. Louis case awarded each woman $25 million in compensatory damages. The panel then added more than $4 billion in punitive damages, making the award the sixth-largest in U.S. legal history. A state appeals court cut the award by more than half last year. The original verdict sparked a significant drop in J&amp;J’s shares.</p>\n<p>J&amp;J has lost other cases at trial, with juries across the U.S. ordering it to pay hundreds of millions of dollars. Judges slashed some of those awards while others have been thrown out or are on appeal. J&amp;J has won cases as well.</p>\n<p>Asbestos, which is often found where talc is mined, is a recognized carcinogen.</p>\n<p><b>Constitutional Claim</b></p>\n<p>Justices Samuel Alito and Brett Kavanaugh didn’t take part in the decision to reject the appeal. As is customary, neither gave an explanation, although Alito’s most recent financial disclosure report indicated either he or his wife owned J&amp;J stock. Kavanaugh’s father was a cosmetic-industry lobbyist whose organization fought efforts to require warnings on talc products.</p>\n<p>J&amp;J told the Supreme Court the sprawling nature of the St. Louis case -- which originally combined the claims of almost two dozen plaintiffs from 12 different states -- made the trial so unfair it violated the Constitution’s due process clause.</p>\n<p>The drugmaker said the trial judge needed five hours to instruct the jury, and the panel deliberated less than 20 minutes on average for each woman before awarding each identical awards regardless of the individual circumstances.</p>\n<p>“If the due process clause means anything, it means that a defendant cannot be deprived of billions of dollars without a fair trial,” J&amp;J argued. Business groups including the U.S. Chamber of Commerce backed the appeal.</p>\n<p><b>Past Decisions</b></p>\n<p>J&amp;J also argued that the punitive award exceeded the actual damages by so much as to make it unconstitutional as well. J&amp;J pointed to past Supreme Court decisions that have put limits on punitive damages.</p>\n<p>Lawyers for the women said J&amp;J was asking the court to do something unprecedented and override state rules governing when lawsuits can be consolidated for trial.</p>\n<p>“Consolidation in tort cases is commonplace, an essential practice for preserving the resources of courts and parties when common issues -- such as the product’s safety and the defendant’s knowledge of its danger -- predominate, as they did here,” the group argued.</p>\n<p>The women also contended that J&amp;J’s years of deceit about its product and disregard for the health of its customers warranted the punitive damage award.</p>\n<p>The case is Johnson &amp; Johnson v. Ingham, 20-1223.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>J&J to Pay $2.1 Billion Talc Award as Top Court Nixes Appeal</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\">\nJ&J to Pay $2.1 Billion Talc Award as Top Court Nixes Appeal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 22:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-01/j-j-must-pay-2-1-billion-talc-award-as-top-court-rejects-appeal?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. Supreme Court refuses to hear J&J’s objections to verdict\nAward is largest to date in litigation over baby powder risks\n\nJohnson & Johnson must pay a $2.1 billion award to women who claimed its ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-01/j-j-must-pay-2-1-billion-talc-award-as-top-court-rejects-appeal?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-01/j-j-must-pay-2-1-billion-talc-award-as-top-court-rejects-appeal?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140498465","content_text":"U.S. Supreme Court refuses to hear J&J’s objections to verdict\nAward is largest to date in litigation over baby powder risks\n\nJohnson & Johnson must pay a $2.1 billion award to women who claimed its baby powder was contaminated with cancer-causing asbestos, after the U.S. Supreme Court left intact the largest verdict in the almost decade-long litigation over the iconic product.\nThe top U.S. court without comment on Tuesday refused to consider J&J’s objections to a St. Louis jury’s 2018 finding that its talc-based powder helped cause ovarian cancer in 20 women.\nJ&J prepared for the appeal’s denial by announcing in February it was setting aside almost $4 billion to cover the St. Louis verdict. The company still faces more than 25,000 lawsuits blaming baby powder for causing cancers. J&J pulled the product off U.S. and Canadian shelves last year.\nKim Montagnino, a J&J spokeswoman, didn’t immediately return an email Tuesday seeking comment on the Supreme Court’s decision not to take the appeal. Shares of J&J, based in New Brunswick, New Jersey, fell 1.1% at 9:59 a.m.\n“Today justice is served,” said Mark Lanier, the women’s lawyer. “Twenty families now get compensated for a horrible, unnecessary disease. And J&J, the trigger for that disease, is held accountable.”\nJurors in the St. Louis case awarded each woman $25 million in compensatory damages. The panel then added more than $4 billion in punitive damages, making the award the sixth-largest in U.S. legal history. A state appeals court cut the award by more than half last year. The original verdict sparked a significant drop in J&J’s shares.\nJ&J has lost other cases at trial, with juries across the U.S. ordering it to pay hundreds of millions of dollars. Judges slashed some of those awards while others have been thrown out or are on appeal. J&J has won cases as well.\nAsbestos, which is often found where talc is mined, is a recognized carcinogen.\nConstitutional Claim\nJustices Samuel Alito and Brett Kavanaugh didn’t take part in the decision to reject the appeal. As is customary, neither gave an explanation, although Alito’s most recent financial disclosure report indicated either he or his wife owned J&J stock. Kavanaugh’s father was a cosmetic-industry lobbyist whose organization fought efforts to require warnings on talc products.\nJ&J told the Supreme Court the sprawling nature of the St. Louis case -- which originally combined the claims of almost two dozen plaintiffs from 12 different states -- made the trial so unfair it violated the Constitution’s due process clause.\nThe drugmaker said the trial judge needed five hours to instruct the jury, and the panel deliberated less than 20 minutes on average for each woman before awarding each identical awards regardless of the individual circumstances.\n“If the due process clause means anything, it means that a defendant cannot be deprived of billions of dollars without a fair trial,” J&J argued. Business groups including the U.S. Chamber of Commerce backed the appeal.\nPast Decisions\nJ&J also argued that the punitive award exceeded the actual damages by so much as to make it unconstitutional as well. J&J pointed to past Supreme Court decisions that have put limits on punitive damages.\nLawyers for the women said J&J was asking the court to do something unprecedented and override state rules governing when lawsuits can be consolidated for trial.\n“Consolidation in tort cases is commonplace, an essential practice for preserving the resources of courts and parties when common issues -- such as the product’s safety and the defendant’s knowledge of its danger -- predominate, as they did here,” the group argued.\nThe women also contended that J&J’s years of deceit about its product and disregard for the health of its customers warranted the punitive damage award.\nThe case is Johnson & Johnson v. Ingham, 20-1223.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113941171,"gmtCreate":1622592171693,"gmtModify":1704186820203,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"Wowww&nbsp;","listText":"Wowww&nbsp;","text":"Wowww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113941171","repostId":"1169405526","repostType":4,"repost":{"id":"1169405526","pubTimestamp":1622558396,"share":"https://ttm.financial/m/news/1169405526?lang=&edition=fundamental","pubTime":"2021-06-01 22:39","market":"us","language":"en","title":"Amazon: The Brilliance Behind The MGM Purchase As Its Offensive And Defensive","url":"https://stock-news.laohu8.com/highlight/detail?id=1169405526","media":"seekingalpha","summary":"Summary\n\nAmazon just strengthened its position by taking a chess piece off the table while dealing a","content":"<p><b>Summary</b></p>\n<ul>\n <li>Amazon just strengthened its position by taking a chess piece off the table while dealing a blow to its competitors leaving one less major media company to be acquired.</li>\n <li>$8.45 billion is a drop in the bucket for Amazon as they can write a check and replenish the cash on its balance sheet with Q2 net income.</li>\n <li>MGM provides Amazon with a treasure trove of I.P. and content while enhancing Prime, while providing new sources of revenue.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f993c6a99f047b97fc636df4d1472117\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p>Content has become a valuable commodity in the digital era. The hours in a day are set in stone, and how people allocate their content consumption is what media companies fight over. In Q1 of 2021,Disney(DIS) had 103.6 million subscribers to Disney+, 13.8 million for ESPN+ and 41.6 million across Hulu's options.Netflix(NFLX) finished Q1 with 208 million memberships, whileAT&amp;T(T) had 44.2 million domestic HBO Max &amp; HBO subscribers and 64 million worldwide.Amazon(AMZN) just announced they would be purchasing MGM(OTC:MGMB)for $8.45 billion. This is a brilliant acquisition for AMZN as it strengthens Prime offensively while reinforcing it defensively.</p>\n<p>AMZN has committed to content and, over the years, expanded its depth. AMZN acquired a company called Twitch, and unless you're a gamer, there is a low probability you know what Twitch is. Twitch is the YouTube of gaming mixed with an ESPN and professional league aspect. In March 2021, more than 2.23 billion hours of streaming content were watched onTwitch, with more than 9 million people streaming themselves playing video games. On the Prime side, Amazon Studios won 2 Academy Awards and had 12 nominations. Over 175 millionPrime membersstreamed content over the past year, with streaming hours increasing more than 70% YoY. The MGM acquisition provides a treasure trove of content, franchises that can be built upon, and a direct line onto the big screen.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd14793a79a19322f5f021f1e6a061b7\" tg-width=\"640\" tg-height=\"269\"><span>(Source: Amazon)</span></p>\n<p><b>Financially $8.45 billion is a drop in the bucket for Amazon</b></p>\n<p>At the close of 2020, AMZN was still growing faster than actual growth companies. AMZN has increased its annual revenue by $279.06 billion or 260.79% from the close of the 2015 fiscal year. Since 2015 AMZN's revenue has had an average annual growth rate of 29.38%. In 2019 its YoY growth rate was 20.45%, and in 2020 AMZN grew at a rate of 37.62%. In 2020 AMZN had increased its cash on hand by $6.03 billion or 16.71% and its marketable securities by 123.33% to $42.27 billion from $18.93 billion.</p>\n<p>Q1 2021 was the first time AMZN exceeded $100 billion in revenue in any of their Q1s to date. AMZN's Q1 revenue has increased by $72.80 billion (203.85%) over the past 4 years. AMZN has built a trend of sequentially increasing their net income QoQ. Over the past three-quarters, AMZN's net income grew by 20.75%, 14.07%, and 12.25%. In Q1 2021, AMZN generated $8.11 billion in net income, which was 30.13% of the total net income ($26.90 billion) produced in 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2761d38cf7c8e319ac813ea55a428361\" tg-width=\"640\" tg-height=\"459\"><span>(Source: Amazon)</span></p>\n<p>AMZN has $33.83 billion in cash on its balance sheet and another $39.44 billion in marketable securities. AMZN doesn't need to borrow one red cent to acquire MGM; they can simply write a check. AMZN's net income has been sequentially increasing QoQ and in Q1 2021 exceeded $8 billion. If this trend continues, the net income generated in Q2 will replenish the depleted cash on AMZN's balance sheet from acquiring MGM. This deal is a drop in the bucket because of AMZN's revenue and net income growth metrics. Based on its previous trends AMZN will continue to grow, and they will be pulling in around the $8.45 billion acquisition price every 3 months in net income. Spending money to make money is nothing new for AMZN, as they have allocated astronomical sums of capital building out their business. The billions being spent are a drop in the bucket as the MGM acquisition has a chance at being 3 months profit at some point in 2021.</p>\n<p><b>The MGM deal isn't just about Intellectual Property, it's about revenue</b></p>\n<p>Additional reasons why the MGM deal is a tremendous strategic play are hidden in plain sight within thesupplemental financial information and business metricsAMZN provided during the Q1 earnings release. Subscription services include annual and monthly fees associated with Amazon Prime memberships and digital video, audiobook, digital music, e-book, and other non-AWS subscription services. Over the past 5 quarters, this business segment has had an average annual growth rate of 7.69% while increasing its revenue by $2.02 billion (36.43%) YoY. AMZN's Other line item includes sales of advertising services and sales related to other service offerings. While YoY, this business segment has increased by $3 billion (76.78%), it incurred a more significant drop from Q4 to Q1 in 2021 by -$171 million than it did in 2020.</p>\n<p>The MGM deal can help grow both of these business segments and add the revenue MGM currently generates to AMZN's business. MGM can add an immediate impact to Prime by increasing its intellectual property and expanding its catalog. Believe it or not, there are people who don't have Prime, which can help entice them to switch to Prime or include Prime in their monthly services. Next, AMZN can become more enticing to run ads on. Not everyone uses the dedicated Prime app, and people log into the main Amazon website to utilize Prime Video. AMZN has been generating revenue from running sponsored ads on their site, and the dip from Q4 to Q1 has expanded. Adding MGM's library to Prime could increase traffic to AMZN's site while adding a new dimension of ad placement for AMZN.</p>\n<p>AMZN is in the business of making money.AMZNbreached the 200 million Prime member threshold in 2021. Maybe AMZN will increase its Prime membership by $1 or $2 annually after the MGM acquisition. How many people would leave? This would be $200 million in revenue for every $1 increase on the Prime membership. I have a feeling that unless Prime increased by a drastic amount, the amount of revenue lost to cancelations would be absorbed by the additional generated revenue. AMZN could easily increase Prime a few dollars annually after MGM is incorporated, and my guess is we would see a QoQ increase in revenue on the Subscription services line item.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/def7ca4065550bcc4f78c7e3f45e94c5\" tg-width=\"640\" tg-height=\"366\"><span>(Source: Amazon)</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7afa23d930372dcacaad1bb60b0b0714\" tg-width=\"640\" tg-height=\"741\"><span>(Source: Amazon Q1 2021 report)</span></p>\n<p><b>Acquiring MGM studios is a fantastic offensive move</b></p>\n<p>AMZN is playing offense, and I love it. AMZN has been in the content business for years and has acquired companies such as Twitch and audible to expand their reach and offerings. AMZN understands that the amount of quality intellectual property (I.P.) is just as important as future creations when it comes to content. This is one of the reasons AMZN started creating its own shows proprietary to Prime and created Amazon Studios to create its own movies. Creating content such as the Jack Ryan Series or Movies like Without Remorse AMZN is creating buzz about their new projects and providing unique offerings for their subscribers while increasing their I.P. and catalog of offerings in video.</p>\n<p>MGM is one of the premier studios that owns some of the most well-known movies and tv shows in the world. AMZN will own the rights to more than 4,000 movies in addition to some very large T.V franchises. Part of MGM's movie catalog includes the entire James Bond franchise, Rocky franchise including the new Creed movies, and other films, including 12 Angry Men, Silence of the Lambs, Dances with Wolves, and Raging Bull. MGM also has 17,000 T.V shows, including Fargo, The Handmaid's Tale, and Vikings. MGM's treasure trove of I.P. boasts a catalog that has won more than 180 Academy Awards and 100 Emmys. This bolt-on acquisition will create a massive addition of content to Prime's current catalog.</p>\n<p>AMZN is going on the offensive and increasing its media operations. This isn't just about I.P.; it's about the future. AMZN has been serious about T.V. and Movies for some time, investing capital into these projects. AMZN can now combine its efforts with MGM and create world-class content for the big screen, for T.V., and for Prime. AMZN will have tremendous options as new movies can come out on Prime days, weeks, or months before other networks or services. The MGM acquisition just put everyone on notice, and I would be shocked if this is the last acquisition in the space AMZN announces. I think AMZN is looking at the WarnerMedia deal and wants to solidify its position in the field. I think sports will be the next area where AMZN allocates capital.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/845d0b5b40726921960078e8ca32a3cf\" tg-width=\"640\" tg-height=\"427\"><span>(Source: Goalshakers)</span></p>\n<p><b>Defensively the MGM acquisition strengthens Amazon's position while hurting its competitors</b></p>\n<p>From a defensive aspect, AMZN just dealt a blow to its competitors. While an argument can be made about which streaming service is the best, many are subscribers of multiple services. Who has a better service is an unwinnable debate because it comes down to personal preference. What AMZN just did was take a chess piece off the table and increased their I.P. and content. As further consolidation occurs, I think we will see users reduce the number of streaming services they subscribe to.</p>\n<p>I think the real losers here are Apple (AAPL) and Netflix. NFLX was dealt a considerable blow when Disney created their streaming service and pulled the Marvel content. NFLX has also been hurt by the amount of content other services have incorporated into their catalogs that weren't available on NFLX. I also believe that AAPL has lost a lot of ground on the streaming front due to the consolidation of content with other providers. Looking at AAPL's service, it's hard to compare to NFLX, Disney+, and what the WarnerMedia combination with Discovery will become.</p>\n<p>Take Prime's other services out of the picture. From a dedicated streaming service, Prime got a lot stronger and became more appealing with the addition of MGM. If the past is any indication of the future, AMZN is going to allocate more than enough capital to expand their future content through MGM and continue to be a film powerhouse on the big screen while expanding their Prime-only offerings. When the merger between WarnerMedia and Discovery occurs, I believe this will add another blow to NFLX and AAPL, as Prime members are unlikely to drop Prime due to the added benefits throughout the AMZN ecosystem. I think we're going to see further consolidation as the acquisition of MGM may start a buying spree to stay relevant in the streaming space.</p>\n<p><b>Conclusion</b></p>\n<p>AMZN just made one hell of a chess move taking MGM off the table and bringing them into the fold. This puts them on the offensive by increasing their current I.P. and video catalog while adding a layer of defense and possibly disrupting other streaming services. AMZN has more than enough cash on hand to write a check for MGM and is approaching the point where $8.45 billion is generated in net income over 1 quarter. MGM provides opportunities to expand AMZN's reach while taking a prominent movie studio off of the table, leaving fewer options for the competition to acquire. I think this deal is brilliant as the transition is easily embedded in AMZN's ecosystem, fortifies AMZN's position in streaming, provides access to the big stage, and hurts their competitors at the same time. Strategically when you can strengthen your position while weakening your competitors, it's a decisive win.</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>Amazon: The Brilliance Behind The MGM Purchase As Its Offensive And Defensive</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\">\nAmazon: The Brilliance Behind The MGM Purchase As Its Offensive And Defensive\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 22:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432210-amazon-the-brilliance-behind-the-mgm-purchase-as-its-offensive-and-defensive><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAmazon just strengthened its position by taking a chess piece off the table while dealing a blow to its competitors leaving one less major media company to be acquired.\n$8.45 billion is a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432210-amazon-the-brilliance-behind-the-mgm-purchase-as-its-offensive-and-defensive\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4432210-amazon-the-brilliance-behind-the-mgm-purchase-as-its-offensive-and-defensive","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169405526","content_text":"Summary\n\nAmazon just strengthened its position by taking a chess piece off the table while dealing a blow to its competitors leaving one less major media company to be acquired.\n$8.45 billion is a drop in the bucket for Amazon as they can write a check and replenish the cash on its balance sheet with Q2 net income.\nMGM provides Amazon with a treasure trove of I.P. and content while enhancing Prime, while providing new sources of revenue.\n\nPhoto by Sundry Photography/iStock Editorial via Getty Images\nContent has become a valuable commodity in the digital era. The hours in a day are set in stone, and how people allocate their content consumption is what media companies fight over. In Q1 of 2021,Disney(DIS) had 103.6 million subscribers to Disney+, 13.8 million for ESPN+ and 41.6 million across Hulu's options.Netflix(NFLX) finished Q1 with 208 million memberships, whileAT&T(T) had 44.2 million domestic HBO Max & HBO subscribers and 64 million worldwide.Amazon(AMZN) just announced they would be purchasing MGM(OTC:MGMB)for $8.45 billion. This is a brilliant acquisition for AMZN as it strengthens Prime offensively while reinforcing it defensively.\nAMZN has committed to content and, over the years, expanded its depth. AMZN acquired a company called Twitch, and unless you're a gamer, there is a low probability you know what Twitch is. Twitch is the YouTube of gaming mixed with an ESPN and professional league aspect. In March 2021, more than 2.23 billion hours of streaming content were watched onTwitch, with more than 9 million people streaming themselves playing video games. On the Prime side, Amazon Studios won 2 Academy Awards and had 12 nominations. Over 175 millionPrime membersstreamed content over the past year, with streaming hours increasing more than 70% YoY. The MGM acquisition provides a treasure trove of content, franchises that can be built upon, and a direct line onto the big screen.\n(Source: Amazon)\nFinancially $8.45 billion is a drop in the bucket for Amazon\nAt the close of 2020, AMZN was still growing faster than actual growth companies. AMZN has increased its annual revenue by $279.06 billion or 260.79% from the close of the 2015 fiscal year. Since 2015 AMZN's revenue has had an average annual growth rate of 29.38%. In 2019 its YoY growth rate was 20.45%, and in 2020 AMZN grew at a rate of 37.62%. In 2020 AMZN had increased its cash on hand by $6.03 billion or 16.71% and its marketable securities by 123.33% to $42.27 billion from $18.93 billion.\nQ1 2021 was the first time AMZN exceeded $100 billion in revenue in any of their Q1s to date. AMZN's Q1 revenue has increased by $72.80 billion (203.85%) over the past 4 years. AMZN has built a trend of sequentially increasing their net income QoQ. Over the past three-quarters, AMZN's net income grew by 20.75%, 14.07%, and 12.25%. In Q1 2021, AMZN generated $8.11 billion in net income, which was 30.13% of the total net income ($26.90 billion) produced in 2020.\n(Source: Amazon)\nAMZN has $33.83 billion in cash on its balance sheet and another $39.44 billion in marketable securities. AMZN doesn't need to borrow one red cent to acquire MGM; they can simply write a check. AMZN's net income has been sequentially increasing QoQ and in Q1 2021 exceeded $8 billion. If this trend continues, the net income generated in Q2 will replenish the depleted cash on AMZN's balance sheet from acquiring MGM. This deal is a drop in the bucket because of AMZN's revenue and net income growth metrics. Based on its previous trends AMZN will continue to grow, and they will be pulling in around the $8.45 billion acquisition price every 3 months in net income. Spending money to make money is nothing new for AMZN, as they have allocated astronomical sums of capital building out their business. The billions being spent are a drop in the bucket as the MGM acquisition has a chance at being 3 months profit at some point in 2021.\nThe MGM deal isn't just about Intellectual Property, it's about revenue\nAdditional reasons why the MGM deal is a tremendous strategic play are hidden in plain sight within thesupplemental financial information and business metricsAMZN provided during the Q1 earnings release. Subscription services include annual and monthly fees associated with Amazon Prime memberships and digital video, audiobook, digital music, e-book, and other non-AWS subscription services. Over the past 5 quarters, this business segment has had an average annual growth rate of 7.69% while increasing its revenue by $2.02 billion (36.43%) YoY. AMZN's Other line item includes sales of advertising services and sales related to other service offerings. While YoY, this business segment has increased by $3 billion (76.78%), it incurred a more significant drop from Q4 to Q1 in 2021 by -$171 million than it did in 2020.\nThe MGM deal can help grow both of these business segments and add the revenue MGM currently generates to AMZN's business. MGM can add an immediate impact to Prime by increasing its intellectual property and expanding its catalog. Believe it or not, there are people who don't have Prime, which can help entice them to switch to Prime or include Prime in their monthly services. Next, AMZN can become more enticing to run ads on. Not everyone uses the dedicated Prime app, and people log into the main Amazon website to utilize Prime Video. AMZN has been generating revenue from running sponsored ads on their site, and the dip from Q4 to Q1 has expanded. Adding MGM's library to Prime could increase traffic to AMZN's site while adding a new dimension of ad placement for AMZN.\nAMZN is in the business of making money.AMZNbreached the 200 million Prime member threshold in 2021. Maybe AMZN will increase its Prime membership by $1 or $2 annually after the MGM acquisition. How many people would leave? This would be $200 million in revenue for every $1 increase on the Prime membership. I have a feeling that unless Prime increased by a drastic amount, the amount of revenue lost to cancelations would be absorbed by the additional generated revenue. AMZN could easily increase Prime a few dollars annually after MGM is incorporated, and my guess is we would see a QoQ increase in revenue on the Subscription services line item.\n(Source: Amazon)\n(Source: Amazon Q1 2021 report)\nAcquiring MGM studios is a fantastic offensive move\nAMZN is playing offense, and I love it. AMZN has been in the content business for years and has acquired companies such as Twitch and audible to expand their reach and offerings. AMZN understands that the amount of quality intellectual property (I.P.) is just as important as future creations when it comes to content. This is one of the reasons AMZN started creating its own shows proprietary to Prime and created Amazon Studios to create its own movies. Creating content such as the Jack Ryan Series or Movies like Without Remorse AMZN is creating buzz about their new projects and providing unique offerings for their subscribers while increasing their I.P. and catalog of offerings in video.\nMGM is one of the premier studios that owns some of the most well-known movies and tv shows in the world. AMZN will own the rights to more than 4,000 movies in addition to some very large T.V franchises. Part of MGM's movie catalog includes the entire James Bond franchise, Rocky franchise including the new Creed movies, and other films, including 12 Angry Men, Silence of the Lambs, Dances with Wolves, and Raging Bull. MGM also has 17,000 T.V shows, including Fargo, The Handmaid's Tale, and Vikings. MGM's treasure trove of I.P. boasts a catalog that has won more than 180 Academy Awards and 100 Emmys. This bolt-on acquisition will create a massive addition of content to Prime's current catalog.\nAMZN is going on the offensive and increasing its media operations. This isn't just about I.P.; it's about the future. AMZN has been serious about T.V. and Movies for some time, investing capital into these projects. AMZN can now combine its efforts with MGM and create world-class content for the big screen, for T.V., and for Prime. AMZN will have tremendous options as new movies can come out on Prime days, weeks, or months before other networks or services. The MGM acquisition just put everyone on notice, and I would be shocked if this is the last acquisition in the space AMZN announces. I think AMZN is looking at the WarnerMedia deal and wants to solidify its position in the field. I think sports will be the next area where AMZN allocates capital.\n(Source: Goalshakers)\nDefensively the MGM acquisition strengthens Amazon's position while hurting its competitors\nFrom a defensive aspect, AMZN just dealt a blow to its competitors. While an argument can be made about which streaming service is the best, many are subscribers of multiple services. Who has a better service is an unwinnable debate because it comes down to personal preference. What AMZN just did was take a chess piece off the table and increased their I.P. and content. As further consolidation occurs, I think we will see users reduce the number of streaming services they subscribe to.\nI think the real losers here are Apple (AAPL) and Netflix. NFLX was dealt a considerable blow when Disney created their streaming service and pulled the Marvel content. NFLX has also been hurt by the amount of content other services have incorporated into their catalogs that weren't available on NFLX. I also believe that AAPL has lost a lot of ground on the streaming front due to the consolidation of content with other providers. Looking at AAPL's service, it's hard to compare to NFLX, Disney+, and what the WarnerMedia combination with Discovery will become.\nTake Prime's other services out of the picture. From a dedicated streaming service, Prime got a lot stronger and became more appealing with the addition of MGM. If the past is any indication of the future, AMZN is going to allocate more than enough capital to expand their future content through MGM and continue to be a film powerhouse on the big screen while expanding their Prime-only offerings. When the merger between WarnerMedia and Discovery occurs, I believe this will add another blow to NFLX and AAPL, as Prime members are unlikely to drop Prime due to the added benefits throughout the AMZN ecosystem. I think we're going to see further consolidation as the acquisition of MGM may start a buying spree to stay relevant in the streaming space.\nConclusion\nAMZN just made one hell of a chess move taking MGM off the table and bringing them into the fold. This puts them on the offensive by increasing their current I.P. and video catalog while adding a layer of defense and possibly disrupting other streaming services. AMZN has more than enough cash on hand to write a check for MGM and is approaching the point where $8.45 billion is generated in net income over 1 quarter. MGM provides opportunities to expand AMZN's reach while taking a prominent movie studio off of the table, leaving fewer options for the competition to acquire. I think this deal is brilliant as the transition is easily embedded in AMZN's ecosystem, fortifies AMZN's position in streaming, provides access to the big stage, and hurts their competitors at the same time. Strategically when you can strengthen your position while weakening your competitors, it's a decisive win.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113929050,"gmtCreate":1622591465370,"gmtModify":1704186789883,"author":{"id":"3584478298882467","authorId":"3584478298882467","authorIdStr":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584478298882467"},"themes":[],"htmlText":"#HaveAGoodDayAhead???","listText":"#HaveAGoodDayAhead???","text":"#HaveAGoodDayAhead???","images":[{"img":"https://static.tigerbbs.com/492a6773de80addb4630246ad300fbcd","width":"2160","height":"3840"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113929050","isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}