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2022-11-23

Ok

@Investforget:The only green stock in the market currently. Most stocks are down but $NETLINK NBN TRUST(CJLU.SI)$ is up. Very stable stock. not volatile. Not affected by inflation ,wars or recession. The power of monopoly. No competition . Dividends are good and increasing. Don't expect huge growth but expect healthy stream of income. @Daily_Discussion

2022-10-24

Wow such a brave assumption!

Tesla: Accounting And Valuation Concerns

2022-10-06

$Metaverse & AR(BK4554)$Bullish

2022-10-06

$Metaverse & AR(BK4554)$Bearish?

2022-09-19

$Tesla Motors(TSLA)$Big short

2022-09-15

$Tesla Motors(TSLA)$Here goes the trap unfolds

2022-09-14

$Tesla Motors(TSLA)$It's in recession now guys, if you haven't realised that yet. Things are going down the drain!... Quickly sell it at goodprice while you still can

2022-09-12

Not sure

2022-08-08

$Tesla Motors(TSLA)$Another trap?

2022-05-27

$Tesla Motors(TSLA)$701

2022-04-20

Ok

2 Stocks to Buy if They Take a Dip

2021-07-11

Good day

2021-07-06

Good day

What Does the End of the Quarter Mean for Portfolio Management?

2021-07-06

Good day

2021-07-04

Good day

2021-07-01

.

Online broker Robinhood to pay $70 mln for 'systemic supervisory failures'

2021-07-01

Good day

2021-07-01

Good day

2021-06-29

.

Tech stock rally sends S&P and Nasdaq to record highs

2021-06-25

.

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only green stock in the market currently. Most stocks are down but <a href=\"https://ttm.financial/S/CJLU.SI\">$NETLINK NBN TRUST(CJLU.SI)$&nbsp;</a>is up. Very stable stock. not volatile. Not affected by inflation ,wars or recession. The power of monopoly. No competition . Dividends are good and increasing. Don't expect huge growth but expect healthy stream of income. <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion&nbsp;</a>","listText":"The only green stock in the market currently. Most stocks are down but <a href=\"https://ttm.financial/S/CJLU.SI\">$NETLINK NBN TRUST(CJLU.SI)$&nbsp;</a>is up. Very stable stock. not volatile. Not affected by inflation ,wars or recession. The power of monopoly. No competition . Dividends are good and increasing. Don't expect huge growth but expect healthy stream of income. <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion&nbsp;</a>","text":"The only green stock in the market currently. Most stocks are down but $NETLINK NBN TRUST(CJLU.SI)$ is up. Very stable stock. not volatile. Not affected by inflation ,wars or recession. The power of monopoly. No competition . Dividends are good and increasing. Don't expect huge growth but expect healthy stream of income. @Daily_Discussion","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968898505","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981435472,"gmtCreate":1666579195396,"gmtModify":1676537770797,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Wow such a brave assumption!&nbsp;","listText":"Wow such a brave assumption!&nbsp;","text":"Wow such a brave assumption!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9981435472","repostId":"1133583383","repostType":4,"repost":{"id":"1133583383","kind":"news","pubTimestamp":1666582585,"share":"https://ttm.financial/m/news/1133583383?lang=&edition=fundamental","pubTime":"2022-10-24 11:36","market":"us","language":"en","title":"Tesla: Accounting And Valuation Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=1133583383","media":"Seeking Alpha","summary":"SummaryIn this article, I analyze recent reports from banks that have updated their price targets fo","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>In this article, I analyze recent reports from banks that have updated their price targets for Tesla stock since the release of Q3 results.</li><li>BofA and Morgan Stanley are overly optimistic, in my view, while JPMorgan seems closest to reality.</li><li>GLJ Research&#39;s analysts give you 5 reasons to believe TSLA is artificially boosting its revenue numbers.</li><li>Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.</li><li>This time, I rate Tesla stock as Hold.</li></ul><p><b>Introduction</b></p><p>In late June 2022, I posted a pair trade idea in which I recommended buying Tesla, Inc. (NASDAQ:TSLA) and selling Lucid Group, Inc. (LCID) stock short (in equal dollar amounts). My pitch was simple enough. Both companies look overvalued in terms of absolute multiples. Still, due to more efficient operational growth, Tesla should have experienced a much less noticeable multiple contraction than Lucid while receiving much more support from retail investors.</p><p>A few months have passed since then. The S&amp;P 500 (SPX) fell even lower, dragging the rest of the market with it, including the companies mentioned above. But my thesis was justified - the difference in the magnitude of the declines in TSLA and LCID would bring a potential investor +22.9% (gross, before deducting brokerage commissions for shorting LCID):</p><p><img src=\"https://static.tigerbbs.com/876778b7ede509db5346250fe56fec97\" tg-width=\"640\" tg-height=\"615\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Ycharts, author&#39;s notes</p><p>At the time, I recommended holding this deal until the end of the year. However, in my article today, I want to look at the recent banks&#39; equity research reports on Tesla&#39;s financial results. Let us take a look at them and try to assess how logical their forecasts and conclusions are and whether they should be trusted.</p><p>Bank of America - 3Q results look pretty good to us – first take [October 19]</p><p>Analysts John Murphy, CFA, John P. Babcock, and Federico Merendi reiterated a Neutral rating on Tesla with a price objective (PO) of $325 per share - that&#39;s 3.17% higher than their previous PO of $315.</p><p>Moreover, BofA said much the same thing as I did when I put forward my thesis in June - TSLA&#39;s self-funding status is a notable advantage over some startup competitors in the electric car space, but because its valuation is the result of optimistic projections for a long future (recall the 50% growth target), it will be quite difficult for the quotes to grow strongly in the near future.</p><p>However, why did the bank raise its TSLA price target anyway? The issue is how the actual results differed from what analysts had expected from the company:</p><p><img src=\"https://static.tigerbbs.com/ed4dc14a81b28e60a2032d559c526278\" tg-width=\"640\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/></p><p>BofA, TSLA report, October 19</p><p>I can understand why the analysts were wrong in forecasting gross profit - the variance seems negligible. But to be wrong on operating expenses (OPEX) by 15% and on taxes by 38.8%? If Tesla really is not just faking its books - we will get into that later - but is working as we see in the statements, then the company&#39;s operating efficiency makes one sit up and take notice because even top analysts could not imagine how Elon Musk could save so much on OPEX this quarter.</p><p>BofA values the company using EV/Sales and EV/EBITDA multiples, but $325/share is too optimistic a target in my opinion. Let us look at their logic. BofA analysts expect EV/EBITDA to be 41x in 2022, down 37.1% from 2021. At the same time, EBITDA growth will be 59.2% in 2022. This is such a sharp decline in the multiple against the backdrop of such a high growth rate in the underlying financial metric. In 2023, however, EBITDA is expected to grow by only 7% - many times less than in the previous year. However, the analysts&#39; forecast includes a much less modest contraction of 6.6% in 2023, which is not in line with the trend of recent years:</p><p><img src=\"https://static.tigerbbs.com/146388aab7013b33a9f50032c16ec0f7\" tg-width=\"640\" tg-height=\"567\" referrerpolicy=\"no-referrer\"/></p><p>BofA, TSLA report, with author&#39;s calculations and notes</p><p>In my view, the EV/EBITDA multiple in 2023 should be at least 30x, if not lower, if the multiple contraction continues - and it should, given lower growth forecasts and a generally higher interest rate environment - implying a 27% reduction in the multiple from 2022 to 2023. At EBITDA of $19.916 billion in 2023 (BofA&#39;s estimate), enterprise value should be about $600 billion - that&#39;s 5.5% below the current one.</p><p>Morgan Stanley - 3Q Margins Beat, But FY23 Outlook Still at Risk [October 19]</p><p>AnalystsAdam Jonas, CFA, Evan Silverberg, CFA, CPA, et al. released an update of their Overweight rating, having $350 per share as a new price objective - below its pre-split target of $1300(about $433 per share).</p><p>Morgan Stanley, like BofA, was wrong about growth in OPEX, interest expense, and stock-based compensation. The company&#39;s lower-than-expected CAPEX coupled with stronger EPS growth resulted in a 153.6% undervaluation of FCF:</p><p><img src=\"https://static.tigerbbs.com/d31a9c6b04a11e6fa0bfb86d24468c71\" tg-width=\"492\" tg-height=\"730\" referrerpolicy=\"no-referrer\"/></p><p>MS, TSLA report, October 19</p><p>The key takeaways from their analysis of TSLA&#39;s report:</p><ul><li>expected cost inflation related to logistics/shipping as well as adverse timing differences related to supplier payments given significant input cost inflation on the battery and non-battery side. That didn&#39;t happen;</li><li>If one were to inflation adjust the YoY moves in CAPEX and OPEX, Tesla&#39;s clearly doing more with less;</li><li>Supercharging revenue will most likely get above 10% of Tesla&#39;s total revenue within the next 12 to 18 months;</li><li>Production is ramping up at the 40-GWh Megapack factory in California - a solid win for the company, demonstrating its strength and focus on the battery front.</li></ul><p><b>Okay, but why did analysts lower their TSLA price target?</b></p><p>Here you have to look at the input data for their SOTP 6-component model:</p><p><img src=\"https://static.tigerbbs.com/182723ae2d8888a7435a237b5408867c\" tg-width=\"640\" tg-height=\"181\" referrerpolicy=\"no-referrer\"/></p><p>MS, TSLA report, October 19</p><blockquote>Our PT of $433 is comprised of 6 components:<b>(1)</b>$203/share for core Tesla Auto business on 8.6mm units in 2030, 8.5% WACC, 15x 2030 exit EBITDA multiple, exit EBITDA margin of 20%.<b>(2)</b>Tesla Mobility at $25 on DCF with ~500k cars at $1.7/mile by 2030.<b>(3)</b>Tesla as a 3rd party supplier at $44/share.<b>4)</b>Energy at $37/share,<b>5)</b>Insurance at $12/share, &amp;<b>6)</b>Network Services at $113, 25mm MAUs, $100 ARPU by 2030, 20% discount.</blockquote><blockquote>Source: Investing.com, author&#39;s adjustment for the split (3:1)</blockquote><table><tbody><tr><td><b>Segment / Date</b></td><td><p><b>Jun 16, 2022(rounded)</b></p></td><td><b>Now</b></td><td><b>Change</b></td></tr><tr><td>Core Tesla Auto business</td><td>$203</td><td>$287</td></tr><tr><td>Tesla Mobility</td><td>$25</td><td>$22</td><td>1.4%</td></tr><tr><td>3rd party supplier</td><td>$44</td><td>$27</td><td>-38.2%</td></tr><tr><td>Energy</td><td>$37</td><td>$31</td><td>-16.2%</td></tr><tr><td>Insurance</td><td>$12</td><td>$8</td><td>-35.1%</td></tr><tr><td>Network Services</td><td>$113</td><td>$75</td><td>-33.4%</td></tr><tr><td><b>Sum Of The Parts</b></td><td><b>$433</b></td><td><b>$450</b></td><td><b>4.6%</b></td></tr></tbody></table><p>Source: Author&#39;s compilation</p><p>If you add up all the parts of the analysts&#39; outputs, it shows that their SOTP model does indeed show a price target of $453 per share - I suspect that the Morgan Stanley analysts mistyped their report and wrote $287 instead of $187 because the difference is exactly $100 while the WACC is higher and the sales volume is lower than before. Here&#39;s how the above table should most likely look like:</p><table><tbody><tr><td><b>Segment / Date</b></td><td><b>Jun 16, 2022 (rounded)</b></td><td><b>Now</b></td><td><b>Change</b></td></tr><tr><td>Core Tesla Auto business</td><td>$203</td><td>$187</td><td>-7.7%</td></tr><tr><td>Tesla Mobility</td><td>$25</td><td>$22</td><td>1.4%</td></tr><tr><td>3rd party supplier</td><td>$45</td><td>$27</td><td>-38.2%</td></tr><tr><td>Energy</td><td>$37</td><td>$31</td><td>-16.2%</td></tr><tr><td>Insurance</td><td>$12</td><td>$8</td><td>-35.1%</td></tr><tr><td>Network Services</td><td>$113</td><td>$75</td><td>-33.4%</td></tr><tr><td><b>Sum Of The Parts</b></td><td><b>$433</b></td><td><b>$350</b></td><td><b>-18.5%</b></td></tr></tbody></table><p>Source: Author&#39;s compilation</p><p>If you look at how the analysts&#39; assumptions have changed, we see only 3 concrete changes here: 1) the number of vehicles produced in 2030 is now reduced by 0.9 million units (-10.5%); 2) the WACC is increased by 0.2% (8.7% vs. 8.5%); and 3) the exit EBITDA margin is increased from 20% to 21%. This applies directly to the main revenue stream (Core Tesla Auto business) - the assumptions for the other parts are not disclosed (I assume the WACC has been applied to them as well, considering that Tesla Mobility&#39;s DCF has decreased by 12.5% without any visible adjustments in inputs).</p><p>That is, broadly speaking, the entire decline in the target price (the top rightmost column above) is due to A) a slight slowdown in operations, and B) a slight 0.2% increase in WACC. At the same time, a new, more positive improvement in business margins has by no means kept the target price for TSLA from correcting. In my opinion, the WACC was not raised high enough by analysts and should have been raised by more than 1% instead of 0.2%. Why do I think so?</p><p><b>First,</b> the analysts had to account for higher betas, that mostly increased since their previous call (June 16, 2022):</p><p><img src=\"https://static.tigerbbs.com/d2a07a7f6dd7206ed566e9dcc98a2649\" tg-width=\"635\" tg-height=\"484\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>Higher beta - higher WACC. Of course, it is possible that they took a 3-year coefficient, but then it would be cherry-picking. It is unlikely that the Morgan Stanley analysts did this (I really hope so).</p><p><b>The second</b> is the rising risk-free rate, which mostly corresponds to 10-year Treasuries yield, which (theoretically) have no credit risk. The rate has risen since June 15, 2022, from 3.292% to 4.274% at the time of writing. Effective 7-10 year yields on corporate bonds have jumped even higher since then:</p><p><img src=\"https://static.tigerbbs.com/63df41aa9b262fde5ad07913778940a5\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p><b>The third point</b> that analysts may not have taken into account in their WACC calculation is the slowdown in economic growth in China and globally, which should have been reflected in the discount rate in the form of an additional premium. Since mid-June 2022, the geopolitical situation in the world has only gotten worse (in my opinion), and the forecast for global economic growth was just recently lowered by the IMF. Therefore, this premium should have been larger, if it was included in their calculations at all.</p><p><img src=\"https://static.tigerbbs.com/c8ea24a9cde929b8b6ba9278044bd269\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\"/></p><p>IMF, author&#39;s notes</p><p>If a minor 0.2% increase in WACC has led to such severe corrections in price targets for the company&#39;s various businesses, imagine how long the analysts&#39; model should run - apparently they predict all segments to 2030, using huge growth rates in their models. Even a slight deviation from these rates will cause the model to collapse. In my opinion, this is a serious risk for those who want to rely on the DCF calculations of Morgan Stanley&#39;s analysts.</p><p>JPMorgan - Trim Estimates and Price Target After Softer Trend in 3Q Volume &amp; Pricing [October 20]</p><p>AnalystsRyan Brinkman, Rajat Gupta, CFA, Manasvi Garg, et al. stick to an oppositional opinion concerning the other two banks above. They are Underweight Tesla with a price target of $150/share, revised down from $153/share, having the following reasoning:</p><blockquote>We are lowering our estimates and price target after Tesla reported modestly softer than expected 3Q22 results Wednesday after the close, featuring lower-than-consensus margin on lower-than-expected revenue. Average transaction prices rose strongly y/y, but to a level that was lower than expected, driving a -3% revenue miss given that deliveries were previously disclosed. The results will likely add to debates about demand destruction that ensued after 3Q deliveries tracked -5% below company-compiled consensus. Management itself reined in near-term growth expectations, now looking for just less than its original target of more than +50% unit growth this year vs. previous indication only that the target would be more difficult to achieve. We continue to see risk to guidance for +50% annual unit volume growth over time (in some years more, in some years less), including given higher prices, higher interest rates, an increasingly tapped-out consumer, and given the paucity of new model introductions, with Tesla&#39;s lineup essentially the same as at the start of 2021 after the last Model S &amp; X refresh, with the Cybertruck (originally slated for 2021) still on tap. Automotive gross margin of 26.8% missed Bloomberg consensus of 27.7%, with management citing persistent inflationary pressures, including higher logistics costs. We remain cautious on valuation, particularly in the context of lofty unit volume growth expectations, and continue to see material downside risk to our December 2023 price target, which declines today to $150 from $153, on account of unchanged target multiples applied to our slightly lower estimates, which decline primarily on flow-through of 3Q&#39;s softer-than-expected trend in demand expressed in the form of lower transaction prices.</blockquote><blockquote>Source: JPMorgan&#39;s TSLA report, October 20</blockquote><p>Their price target methodology is less sophisticated than Morgan Stanley&#39;s one (and more reasonable, in my opinion, than that of BofA) and is predicated upon a 50/50 blend of DCF and 2025E-based multiples analysis (itself a blend of P/E, EV/EBITDA, and price-to-sales).</p><p>And if you take a look at JPM&#39;s Key Figures table, theirs seem much more realistic - at least the analysts take into account a more reasonable multiple and margin contractions as Tesla expands its business and matures:</p><p><img src=\"https://static.tigerbbs.com/b6bc5018373d282566815bd6816da0b6\" tg-width=\"581\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>JPMorgan, TSLA report, October 20</p><p>They propose to focus on equal weighting of 3 coefficients to find fair value (50% of the model) and DCF calculations for the remaining half. If they had focused solely on DCF, they would have received $129 per share on exit - and against a backdrop of rapidly growing FCF. However, FCF-based valuation has shown in practice how indifferent the market is to it concerning Tesla - just take a look at the stock rating history from Ryan Brinkman, the lead author of the above JPM report:</p><p><img src=\"https://static.tigerbbs.com/58a254263a2a3a5480f2c67ead96566c\" tg-width=\"640\" tg-height=\"364\" referrerpolicy=\"no-referrer\"/></p><p>TipRanks, Ryan Brinkman, October 21</p><p>I am not saying Ryan is wrong this time either - &#34;past performance is no guarantee of future performance&#34; applies in reverse as well, let us not forget that. However, I am skeptical about FCF as a driver for determining Tesla&#39;s intrinsic value - it is much more correct to look at multiples and their compression over time. The current state of the company&#39;s valuation is more in line with JPMorgan than BofA or MS - given the increasing risks of Tesla losing its 50% growth rate in 2023 and 2024, I think we are in for a bumpy ride, and the only opportunity for buy-and-hold investors, if you consider yourself one, is to hedge.</p><p>GLJ Research - the numbers TSLA reports are LIKELY NOT REAL [October 20]</p><p>One risk that has long been talked about and is unlikely to be taken seriously by experts is the possibility of falsified reporting. More and more people keep doubting that Tesla can grow such volumes based on sub-ten percent OPEX and CAPEX growth (you may have noticed that this was one of Morgan Stanley&#39;s bullish arguments).</p><p>Gordon Johnson from GLJ Research - ranked by Bloomberg among the top stock pickers in the steel, iron ore, graphite electrode, electric vehicle, and solar spaces since initiating coverage in 2008 - writes, that with 2 of its 4 plants operating at just ~10% capacity, TSLA&#39;s gross margins expansion from 25.0% to 26.61% (per Bloomberg) is not possible.</p><blockquote>In short, we believe the numbers TSLA reports are largely &#34;fiction,&#34; resulting from aggressive accounting applied via the Shanghai plant, among other &#34;tricks&#34; used. And, given modeling numbers that are &#34;fiction&#34; is impossible, this time (i.e., for 3Q22), we aren’t going to even try (we see LARGE incentive for E. Musk to be as aggressive as possible, from an accounting perspective, given he has ~$15B-$20B worth of shares still left to sell to close the Twitter buyout... by our calculation). That is, using one example of TSLA&#39;s many accounting shenanigans, while pretty much every other automaker includes R&amp;D in the gross profit they report, TSLA pushes this metric below the gross profit line, allowing it to claim industry leading margins; yet, when adjusting R&amp;D out of COGS for TSLA, TSLA’s margins rank 11th among global automakers according to Bloomberg.</blockquote><blockquote>Source: Gordon Johnson from GLJ Research</blockquote><p><img src=\"https://static.tigerbbs.com/88b14d65af952a9e91fd7bf618a44557\" tg-width=\"640\" tg-height=\"594\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg, GLJ Research</p><p>Mr. Johnson warns us - demand today is quite meager on all fronts, as evidenced by the company&#39;s own preliminary statistics and official government sources:</p><p><img src=\"https://static.tigerbbs.com/bdab92dd02be42cc98d2eea0f9b03473\" tg-width=\"640\" tg-height=\"115\" referrerpolicy=\"no-referrer\"/></p><p>GLJ Research LLC</p><p>GLJ Research&#39;s analysts give 5 reasons to believe TSLA is artificially boosting its revenue numbers:</p><ol><li>Revenues up 56% (YoY) amid expenses up only 2% (YoY);</li><li>CAPEX is flat (YoY) when construction of Berlin and Austin is done, which seems impossible. TSLA may be capitalizing more expenses than it should on the balance sheet, thus possibly overstating margins;</li><li>TSLA&#39;s SG&amp;A is still running at $1B/qtr, roughly the same as two years ago, despite selling 2x as many cars;</li><li>Gross margins staying up with 2 new factories open, making just a fraction of their vehicle capacity;</li><li>Inventory is up 98% (YoY) while sales up 56%. Inventory should keep pace with sales, not outpace it - unless you capitalize raw materials for inventory which you can&#39;t move and don&#39;t impair so as not to take a profit hit.</li></ol><p><img src=\"https://static.tigerbbs.com/c0ba728f76aeae0a3d1f51a7d7769e2e\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/></p><p>GLJ Research LLC</p><p>All this looks strange, but it looks even stranger that no one can clearly refute these arguments that support TSLA&#39;s balance sheet fraud. If you can - I am really interested, please share your take in the comments.</p><p><b>Bottom Line</b></p><p>In this article, I took a closer look at the banks&#39; recent analysis and reaction to Tesla&#39;s latest quarterly report. After reading and analyzing everything I had on hands, and also examining the banks&#39; methods of calculating their price targets, I conclude that JPM has come closest to the truth with a reasonable estimate of the multiple and margin contractions over the next 5 years.</p><p>Yes, JPM&#39;s history of &#34;sell&#34; ratings looks depressing - but what if they are right this time? What if Tesla is actually fudging its books to inflate margins and boost net income above consensus?</p><p>The risks to the company are increasing, and while I do not think Tesla is going to repeat Enron&#39;s story, I understand those who think Tesla is an overvalued company. However, it is far from the only company in the market, nor is it the most overvalued. Given the support from retail investors, and assuming that the company&#39;s operational growth continues (if it is a reality), I believe that long-term investors need to hedge against growing risks anyway. Methods can vary - selling puts, pair trading ideas like the one I wrote about earlier, tactical positioning, etc. Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.</p><p><i>This time, I rate Tesla stock as Hold.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Accounting And Valuation Concerns</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\">\nTesla: Accounting And Valuation Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-24 11:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4548158-tesla-accounting-and-valuation-concerns><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIn this article, I analyze recent reports from banks that have updated their price targets for Tesla stock since the release of Q3 results.BofA and Morgan Stanley are overly optimistic, in my ...</p>\n\n<a href=\"https://seekingalpha.com/article/4548158-tesla-accounting-and-valuation-concerns\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4548158-tesla-accounting-and-valuation-concerns","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133583383","content_text":"SummaryIn this article, I analyze recent reports from banks that have updated their price targets for Tesla stock since the release of Q3 results.BofA and Morgan Stanley are overly optimistic, in my view, while JPMorgan seems closest to reality.GLJ Research's analysts give you 5 reasons to believe TSLA is artificially boosting its revenue numbers.Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.This time, I rate Tesla stock as Hold.IntroductionIn late June 2022, I posted a pair trade idea in which I recommended buying Tesla, Inc. (NASDAQ:TSLA) and selling Lucid Group, Inc. (LCID) stock short (in equal dollar amounts). My pitch was simple enough. Both companies look overvalued in terms of absolute multiples. Still, due to more efficient operational growth, Tesla should have experienced a much less noticeable multiple contraction than Lucid while receiving much more support from retail investors.A few months have passed since then. The S&P 500 (SPX) fell even lower, dragging the rest of the market with it, including the companies mentioned above. But my thesis was justified - the difference in the magnitude of the declines in TSLA and LCID would bring a potential investor +22.9% (gross, before deducting brokerage commissions for shorting LCID):Seeking Alpha, Ycharts, author's notesAt the time, I recommended holding this deal until the end of the year. However, in my article today, I want to look at the recent banks' equity research reports on Tesla's financial results. Let us take a look at them and try to assess how logical their forecasts and conclusions are and whether they should be trusted.Bank of America - 3Q results look pretty good to us – first take [October 19]Analysts John Murphy, CFA, John P. Babcock, and Federico Merendi reiterated a Neutral rating on Tesla with a price objective (PO) of $325 per share - that's 3.17% higher than their previous PO of $315.Moreover, BofA said much the same thing as I did when I put forward my thesis in June - TSLA's self-funding status is a notable advantage over some startup competitors in the electric car space, but because its valuation is the result of optimistic projections for a long future (recall the 50% growth target), it will be quite difficult for the quotes to grow strongly in the near future.However, why did the bank raise its TSLA price target anyway? The issue is how the actual results differed from what analysts had expected from the company:BofA, TSLA report, October 19I can understand why the analysts were wrong in forecasting gross profit - the variance seems negligible. But to be wrong on operating expenses (OPEX) by 15% and on taxes by 38.8%? If Tesla really is not just faking its books - we will get into that later - but is working as we see in the statements, then the company's operating efficiency makes one sit up and take notice because even top analysts could not imagine how Elon Musk could save so much on OPEX this quarter.BofA values the company using EV/Sales and EV/EBITDA multiples, but $325/share is too optimistic a target in my opinion. Let us look at their logic. BofA analysts expect EV/EBITDA to be 41x in 2022, down 37.1% from 2021. At the same time, EBITDA growth will be 59.2% in 2022. This is such a sharp decline in the multiple against the backdrop of such a high growth rate in the underlying financial metric. In 2023, however, EBITDA is expected to grow by only 7% - many times less than in the previous year. However, the analysts' forecast includes a much less modest contraction of 6.6% in 2023, which is not in line with the trend of recent years:BofA, TSLA report, with author's calculations and notesIn my view, the EV/EBITDA multiple in 2023 should be at least 30x, if not lower, if the multiple contraction continues - and it should, given lower growth forecasts and a generally higher interest rate environment - implying a 27% reduction in the multiple from 2022 to 2023. At EBITDA of $19.916 billion in 2023 (BofA's estimate), enterprise value should be about $600 billion - that's 5.5% below the current one.Morgan Stanley - 3Q Margins Beat, But FY23 Outlook Still at Risk [October 19]AnalystsAdam Jonas, CFA, Evan Silverberg, CFA, CPA, et al. released an update of their Overweight rating, having $350 per share as a new price objective - below its pre-split target of $1300(about $433 per share).Morgan Stanley, like BofA, was wrong about growth in OPEX, interest expense, and stock-based compensation. The company's lower-than-expected CAPEX coupled with stronger EPS growth resulted in a 153.6% undervaluation of FCF:MS, TSLA report, October 19The key takeaways from their analysis of TSLA's report:expected cost inflation related to logistics/shipping as well as adverse timing differences related to supplier payments given significant input cost inflation on the battery and non-battery side. That didn't happen;If one were to inflation adjust the YoY moves in CAPEX and OPEX, Tesla's clearly doing more with less;Supercharging revenue will most likely get above 10% of Tesla's total revenue within the next 12 to 18 months;Production is ramping up at the 40-GWh Megapack factory in California - a solid win for the company, demonstrating its strength and focus on the battery front.Okay, but why did analysts lower their TSLA price target?Here you have to look at the input data for their SOTP 6-component model:MS, TSLA report, October 19Our PT of $433 is comprised of 6 components:(1)$203/share for core Tesla Auto business on 8.6mm units in 2030, 8.5% WACC, 15x 2030 exit EBITDA multiple, exit EBITDA margin of 20%.(2)Tesla Mobility at $25 on DCF with ~500k cars at $1.7/mile by 2030.(3)Tesla as a 3rd party supplier at $44/share.4)Energy at $37/share,5)Insurance at $12/share, &6)Network Services at $113, 25mm MAUs, $100 ARPU by 2030, 20% discount.Source: Investing.com, author's adjustment for the split (3:1)Segment / DateJun 16, 2022(rounded)NowChangeCore Tesla Auto business$203$287Tesla Mobility$25$221.4%3rd party supplier$44$27-38.2%Energy$37$31-16.2%Insurance$12$8-35.1%Network Services$113$75-33.4%Sum Of The Parts$433$4504.6%Source: Author's compilationIf you add up all the parts of the analysts' outputs, it shows that their SOTP model does indeed show a price target of $453 per share - I suspect that the Morgan Stanley analysts mistyped their report and wrote $287 instead of $187 because the difference is exactly $100 while the WACC is higher and the sales volume is lower than before. Here's how the above table should most likely look like:Segment / DateJun 16, 2022 (rounded)NowChangeCore Tesla Auto business$203$187-7.7%Tesla Mobility$25$221.4%3rd party supplier$45$27-38.2%Energy$37$31-16.2%Insurance$12$8-35.1%Network Services$113$75-33.4%Sum Of The Parts$433$350-18.5%Source: Author's compilationIf you look at how the analysts' assumptions have changed, we see only 3 concrete changes here: 1) the number of vehicles produced in 2030 is now reduced by 0.9 million units (-10.5%); 2) the WACC is increased by 0.2% (8.7% vs. 8.5%); and 3) the exit EBITDA margin is increased from 20% to 21%. This applies directly to the main revenue stream (Core Tesla Auto business) - the assumptions for the other parts are not disclosed (I assume the WACC has been applied to them as well, considering that Tesla Mobility's DCF has decreased by 12.5% without any visible adjustments in inputs).That is, broadly speaking, the entire decline in the target price (the top rightmost column above) is due to A) a slight slowdown in operations, and B) a slight 0.2% increase in WACC. At the same time, a new, more positive improvement in business margins has by no means kept the target price for TSLA from correcting. In my opinion, the WACC was not raised high enough by analysts and should have been raised by more than 1% instead of 0.2%. Why do I think so?First, the analysts had to account for higher betas, that mostly increased since their previous call (June 16, 2022):Data by YChartsHigher beta - higher WACC. Of course, it is possible that they took a 3-year coefficient, but then it would be cherry-picking. It is unlikely that the Morgan Stanley analysts did this (I really hope so).The second is the rising risk-free rate, which mostly corresponds to 10-year Treasuries yield, which (theoretically) have no credit risk. The rate has risen since June 15, 2022, from 3.292% to 4.274% at the time of writing. Effective 7-10 year yields on corporate bonds have jumped even higher since then:Data by YChartsThe third point that analysts may not have taken into account in their WACC calculation is the slowdown in economic growth in China and globally, which should have been reflected in the discount rate in the form of an additional premium. Since mid-June 2022, the geopolitical situation in the world has only gotten worse (in my opinion), and the forecast for global economic growth was just recently lowered by the IMF. Therefore, this premium should have been larger, if it was included in their calculations at all.IMF, author's notesIf a minor 0.2% increase in WACC has led to such severe corrections in price targets for the company's various businesses, imagine how long the analysts' model should run - apparently they predict all segments to 2030, using huge growth rates in their models. Even a slight deviation from these rates will cause the model to collapse. In my opinion, this is a serious risk for those who want to rely on the DCF calculations of Morgan Stanley's analysts.JPMorgan - Trim Estimates and Price Target After Softer Trend in 3Q Volume & Pricing [October 20]AnalystsRyan Brinkman, Rajat Gupta, CFA, Manasvi Garg, et al. stick to an oppositional opinion concerning the other two banks above. They are Underweight Tesla with a price target of $150/share, revised down from $153/share, having the following reasoning:We are lowering our estimates and price target after Tesla reported modestly softer than expected 3Q22 results Wednesday after the close, featuring lower-than-consensus margin on lower-than-expected revenue. Average transaction prices rose strongly y/y, but to a level that was lower than expected, driving a -3% revenue miss given that deliveries were previously disclosed. The results will likely add to debates about demand destruction that ensued after 3Q deliveries tracked -5% below company-compiled consensus. Management itself reined in near-term growth expectations, now looking for just less than its original target of more than +50% unit growth this year vs. previous indication only that the target would be more difficult to achieve. We continue to see risk to guidance for +50% annual unit volume growth over time (in some years more, in some years less), including given higher prices, higher interest rates, an increasingly tapped-out consumer, and given the paucity of new model introductions, with Tesla's lineup essentially the same as at the start of 2021 after the last Model S & X refresh, with the Cybertruck (originally slated for 2021) still on tap. Automotive gross margin of 26.8% missed Bloomberg consensus of 27.7%, with management citing persistent inflationary pressures, including higher logistics costs. We remain cautious on valuation, particularly in the context of lofty unit volume growth expectations, and continue to see material downside risk to our December 2023 price target, which declines today to $150 from $153, on account of unchanged target multiples applied to our slightly lower estimates, which decline primarily on flow-through of 3Q's softer-than-expected trend in demand expressed in the form of lower transaction prices.Source: JPMorgan's TSLA report, October 20Their price target methodology is less sophisticated than Morgan Stanley's one (and more reasonable, in my opinion, than that of BofA) and is predicated upon a 50/50 blend of DCF and 2025E-based multiples analysis (itself a blend of P/E, EV/EBITDA, and price-to-sales).And if you take a look at JPM's Key Figures table, theirs seem much more realistic - at least the analysts take into account a more reasonable multiple and margin contractions as Tesla expands its business and matures:JPMorgan, TSLA report, October 20They propose to focus on equal weighting of 3 coefficients to find fair value (50% of the model) and DCF calculations for the remaining half. If they had focused solely on DCF, they would have received $129 per share on exit - and against a backdrop of rapidly growing FCF. However, FCF-based valuation has shown in practice how indifferent the market is to it concerning Tesla - just take a look at the stock rating history from Ryan Brinkman, the lead author of the above JPM report:TipRanks, Ryan Brinkman, October 21I am not saying Ryan is wrong this time either - \"past performance is no guarantee of future performance\" applies in reverse as well, let us not forget that. However, I am skeptical about FCF as a driver for determining Tesla's intrinsic value - it is much more correct to look at multiples and their compression over time. The current state of the company's valuation is more in line with JPMorgan than BofA or MS - given the increasing risks of Tesla losing its 50% growth rate in 2023 and 2024, I think we are in for a bumpy ride, and the only opportunity for buy-and-hold investors, if you consider yourself one, is to hedge.GLJ Research - the numbers TSLA reports are LIKELY NOT REAL [October 20]One risk that has long been talked about and is unlikely to be taken seriously by experts is the possibility of falsified reporting. More and more people keep doubting that Tesla can grow such volumes based on sub-ten percent OPEX and CAPEX growth (you may have noticed that this was one of Morgan Stanley's bullish arguments).Gordon Johnson from GLJ Research - ranked by Bloomberg among the top stock pickers in the steel, iron ore, graphite electrode, electric vehicle, and solar spaces since initiating coverage in 2008 - writes, that with 2 of its 4 plants operating at just ~10% capacity, TSLA's gross margins expansion from 25.0% to 26.61% (per Bloomberg) is not possible.In short, we believe the numbers TSLA reports are largely \"fiction,\" resulting from aggressive accounting applied via the Shanghai plant, among other \"tricks\" used. And, given modeling numbers that are \"fiction\" is impossible, this time (i.e., for 3Q22), we aren’t going to even try (we see LARGE incentive for E. Musk to be as aggressive as possible, from an accounting perspective, given he has ~$15B-$20B worth of shares still left to sell to close the Twitter buyout... by our calculation). That is, using one example of TSLA's many accounting shenanigans, while pretty much every other automaker includes R&D in the gross profit they report, TSLA pushes this metric below the gross profit line, allowing it to claim industry leading margins; yet, when adjusting R&D out of COGS for TSLA, TSLA’s margins rank 11th among global automakers according to Bloomberg.Source: Gordon Johnson from GLJ ResearchBloomberg, GLJ ResearchMr. Johnson warns us - demand today is quite meager on all fronts, as evidenced by the company's own preliminary statistics and official government sources:GLJ Research LLCGLJ Research's analysts give 5 reasons to believe TSLA is artificially boosting its revenue numbers:Revenues up 56% (YoY) amid expenses up only 2% (YoY);CAPEX is flat (YoY) when construction of Berlin and Austin is done, which seems impossible. TSLA may be capitalizing more expenses than it should on the balance sheet, thus possibly overstating margins;TSLA's SG&A is still running at $1B/qtr, roughly the same as two years ago, despite selling 2x as many cars;Gross margins staying up with 2 new factories open, making just a fraction of their vehicle capacity;Inventory is up 98% (YoY) while sales up 56%. Inventory should keep pace with sales, not outpace it - unless you capitalize raw materials for inventory which you can't move and don't impair so as not to take a profit hit.GLJ Research LLCAll this looks strange, but it looks even stranger that no one can clearly refute these arguments that support TSLA's balance sheet fraud. If you can - I am really interested, please share your take in the comments.Bottom LineIn this article, I took a closer look at the banks' recent analysis and reaction to Tesla's latest quarterly report. After reading and analyzing everything I had on hands, and also examining the banks' methods of calculating their price targets, I conclude that JPM has come closest to the truth with a reasonable estimate of the multiple and margin contractions over the next 5 years.Yes, JPM's history of \"sell\" ratings looks depressing - but what if they are right this time? What if Tesla is actually fudging its books to inflate margins and boost net income above consensus?The risks to the company are increasing, and while I do not think Tesla is going to repeat Enron's story, I understand those who think Tesla is an overvalued company. However, it is far from the only company in the market, nor is it the most overvalued. Given the support from retail investors, and assuming that the company's operational growth continues (if it is a reality), I believe that long-term investors need to hedge against growing risks anyway. Methods can vary - selling puts, pair trading ideas like the one I wrote about earlier, tactical positioning, etc. Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.This time, I rate Tesla stock as Hold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915687712,"gmtCreate":1665021734836,"gmtModify":1676537545787,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BK4554\">$Metaverse &amp; AR(BK4554)$</a>Bullish&nbsp;","listText":"<a href=\"https://ttm.financial/S/BK4554\">$Metaverse &amp; AR(BK4554)$</a>Bullish&nbsp;","text":"$Metaverse & AR(BK4554)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9915687712","isVote":1,"tweetType":1,"viewCount":504,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915687262,"gmtCreate":1665021707156,"gmtModify":1676537545778,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BK4554\">$Metaverse &amp; AR(BK4554)$</a>Bearish?&nbsp;","listText":"<a href=\"https://ttm.financial/S/BK4554\">$Metaverse &amp; AR(BK4554)$</a>Bearish?&nbsp;","text":"$Metaverse & AR(BK4554)$Bearish?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9915687262","isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910120034,"gmtCreate":1663579893429,"gmtModify":1676537294712,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Big short&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Big short&nbsp;","text":"$Tesla Motors(TSLA)$Big short","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9910120034","isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934645415,"gmtCreate":1663248831037,"gmtModify":1676537235961,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Here goes the trap unfolds&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Here goes the trap unfolds&nbsp;","text":"$Tesla Motors(TSLA)$Here goes the trap unfolds","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934645415","isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934056281,"gmtCreate":1663164520443,"gmtModify":1676537217806,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>It's in recession now guys, if you haven't realised that yet. Things are going down the drain!... Quickly sell it at goodprice while you still can&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>It's in recession now guys, if you haven't realised that yet. Things are going down the drain!... Quickly sell it at goodprice while you still can&nbsp;","text":"$Tesla Motors(TSLA)$It's in recession now guys, if you haven't realised that yet. Things are going down the drain!... Quickly sell it at goodprice while you still can","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/9934056281","isVote":1,"tweetType":1,"viewCount":946,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000420","authorId":"9000000000000420","name":"PorterLamb","avatar":"https://static.tigerbbs.com/bf65ca86aeb00567f8edf7489edd03ae","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000420","idStr":"9000000000000420"},"content":"I have sold them all! I don't want to enter the market any more recently. It broke my heart.","text":"I have sold them all! I don't want to enter the market any more recently. It broke my heart.","html":"I have sold them all! I don't want to enter the market any more recently. It broke my heart."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932762694,"gmtCreate":1662994069918,"gmtModify":1676537178613,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Not sure","listText":"Not sure","text":"Not sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9932762694","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904092802,"gmtCreate":1659954098708,"gmtModify":1703476331988,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Another trap?&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Another trap?&nbsp;","text":"$Tesla Motors(TSLA)$Another trap?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904092802","isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022764729,"gmtCreate":1653582802361,"gmtModify":1676535308704,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>701","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>701","text":"$Tesla Motors(TSLA)$701","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022764729","isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086025136,"gmtCreate":1650407333580,"gmtModify":1676534713698,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086025136","repostId":"2228999400","repostType":4,"repost":{"id":"2228999400","kind":"highlight","pubTimestamp":1650373269,"share":"https://ttm.financial/m/news/2228999400?lang=&edition=fundamental","pubTime":"2022-04-19 21:01","market":"us","language":"en","title":"2 Stocks to Buy if They Take a Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2228999400","media":"Motley Fool","summary":"These two stocks have bright futures, but the good news is already fully accounted for in today's share prices.","content":"<html><head></head><body><p>The market has been choppy in 2022, dragging the <b>S&amp;P 500</b> more than 8% lower so far. However, some individual stocks are reaching record highs even now. Handling some of those winners may take a bit of patience and time, allowing their overheated stocks to cool down a bit before you take action.</p><p>On that note, let me show you why you should buy <b>Costco Wholesale</b> and <b><a href=\"https://laohu8.com/S/LLNW\">Limelight Networks</a></b> on the dips.</p><h2>Costco: An all-time great racing to new heights</h2><p>Warehouse retailer Costco has been crushing the market for years. The difference is even clearer when you include dividend payouts in the calculation. Costco has a history of sharing its excess cash profits with shareholders in the form of special dividends. That history includes a $10 payout per share in 2020 and $7 per share in 2017, on top of a steadily growing quarterly dividend. On that basis, Costco has more than tripled the broader market&#39;s returns over the last decade:</p><p><img src=\"https://static.tigerbbs.com/3826db40e01405ca0286149cfbef55c9\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>COST Total Return Level data by YCharts</p><p>These price gains were built on a solid foundation of successful business results, of course. Costco&#39;s unique business model of razor-thin margins on the retail goods plus an incredibly lucrative membership program turned out to be a fantastic long-term cash machine. That&#39;s where the generous special dividends come from.</p><p>However, Costco&#39;s investors are getting a bit too excited these days. It&#39;s no problem that the stock trades near its all-time highs, because nudging that barrier is how you build positive returns over the long haul. But Costco&#39;s stock is rising even faster than its cash profits in recent years, which makes the latest highs look less sustainable.</p><p>Costco&#39;s stock is a great buy at nearly any price, but patient investors should hold their horses here. Of course, you can always build your holdings by small amounts; keep an eye out for temporary price drops before adding large sums of new capital.</p><h2>Limelight: A powerful turnaround story</h2><p>Content delivery network veteran Limelight is a different story. This stock isn&#39;t exploring all-time highs today, but bouncing back from a deep plunge in 2021.</p><p>As a shareholder myself, I think it&#39;s nice to see the stock making a comeback. The company is under new management, whose updated business plan is making a difference. At the same time, the stock is running too far, too fast. Prices have more than doubled from last summer&#39;s lows:</p><p><img src=\"https://static.tigerbbs.com/9305b52a4e06cea2e15663398d8410be\" tg-width=\"720\" tg-height=\"449\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>LLNW data by YCharts</p><p>That would be fine if the business were firing on all cylinders, but that&#39;s not the case so far. In 2021, top-line revenue fell 5% while operating costs increased. Net losses nearly tripled year over year and free cash flow was printed in a deep shade of red. Limelight shares are trading at 440 times forward earnings estimates and the company has no profits of any kind to show from the last four quarters.</p><p>Limelight is in the process of acquiring the Edgecast content delivery business from Yahoo! in a $300 million deal that promises to boost Limelight&#39;s edge computing and security solutions. But that stock-swap buyout will also dilute existing holdings by increasing the share count by roughly 40%, and I can&#39;t recommend buying into this stock right now.</p><p>Again, I am a shareholder and I do believe in Limelight in the long run. This just isn&#39;t a good time to get into the stock. Hold your horses and wait for the next dip.</p></body></html>","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>2 Stocks to Buy if They Take a Dip</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\">\n2 Stocks to Buy if They Take a Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-19 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/19/2-stocks-to-buy-if-they-take-a-dip/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The market has been choppy in 2022, dragging the S&P 500 more than 8% lower so far. However, some individual stocks are reaching record highs even now. Handling some of those winners may take a bit of...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/19/2-stocks-to-buy-if-they-take-a-dip/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COST":"好市多","BK4550":"红杉资本持仓","BK4581":"高盛持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4504":"桥水持仓"},"source_url":"https://www.fool.com/investing/2022/04/19/2-stocks-to-buy-if-they-take-a-dip/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228999400","content_text":"The market has been choppy in 2022, dragging the S&P 500 more than 8% lower so far. However, some individual stocks are reaching record highs even now. Handling some of those winners may take a bit of patience and time, allowing their overheated stocks to cool down a bit before you take action.On that note, let me show you why you should buy Costco Wholesale and Limelight Networks on the dips.Costco: An all-time great racing to new heightsWarehouse retailer Costco has been crushing the market for years. The difference is even clearer when you include dividend payouts in the calculation. Costco has a history of sharing its excess cash profits with shareholders in the form of special dividends. That history includes a $10 payout per share in 2020 and $7 per share in 2017, on top of a steadily growing quarterly dividend. On that basis, Costco has more than tripled the broader market's returns over the last decade:COST Total Return Level data by YChartsThese price gains were built on a solid foundation of successful business results, of course. Costco's unique business model of razor-thin margins on the retail goods plus an incredibly lucrative membership program turned out to be a fantastic long-term cash machine. That's where the generous special dividends come from.However, Costco's investors are getting a bit too excited these days. It's no problem that the stock trades near its all-time highs, because nudging that barrier is how you build positive returns over the long haul. But Costco's stock is rising even faster than its cash profits in recent years, which makes the latest highs look less sustainable.Costco's stock is a great buy at nearly any price, but patient investors should hold their horses here. Of course, you can always build your holdings by small amounts; keep an eye out for temporary price drops before adding large sums of new capital.Limelight: A powerful turnaround storyContent delivery network veteran Limelight is a different story. This stock isn't exploring all-time highs today, but bouncing back from a deep plunge in 2021.As a shareholder myself, I think it's nice to see the stock making a comeback. The company is under new management, whose updated business plan is making a difference. At the same time, the stock is running too far, too fast. Prices have more than doubled from last summer's lows:LLNW data by YChartsThat would be fine if the business were firing on all cylinders, but that's not the case so far. In 2021, top-line revenue fell 5% while operating costs increased. Net losses nearly tripled year over year and free cash flow was printed in a deep shade of red. Limelight shares are trading at 440 times forward earnings estimates and the company has no profits of any kind to show from the last four quarters.Limelight is in the process of acquiring the Edgecast content delivery business from Yahoo! in a $300 million deal that promises to boost Limelight's edge computing and security solutions. But that stock-swap buyout will also dilute existing holdings by increasing the share count by roughly 40%, and I can't recommend buying into this stock right now.Again, I am a shareholder and I do believe in Limelight in the long run. This just isn't a good time to get into the stock. Hold your horses and wait for the next dip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148637759,"gmtCreate":1625970718871,"gmtModify":1703751406684,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Good day","listText":"Good day","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148637759","isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154675518,"gmtCreate":1625528366734,"gmtModify":1703742944839,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Good day&nbsp;","listText":"Good day&nbsp;","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/154675518","repostId":"1155435134","repostType":4,"repost":{"id":"1155435134","kind":"news","pubTimestamp":1625483300,"share":"https://ttm.financial/m/news/1155435134?lang=&edition=fundamental","pubTime":"2021-07-05 19:08","market":"hk","language":"en","title":"What Does the End of the Quarter Mean for Portfolio Management?","url":"https://stock-news.laohu8.com/highlight/detail?id=1155435134","media":"investopedia","summary":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the","content":"<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.</p>\n<p>There's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.</p>\n<p>Even if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.</p>\n<p>Rebalancing a Portfolio</p>\n<p>Rebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.</p>\n<p>KEY TAKEAWAYS</p>\n<ul>\n <li>The end of the three-month period known as a financial quarter is considered an important time for investors.</li>\n <li>Companies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.</li>\n <li>Both retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.</li>\n</ul>\n<p>Traditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.</p>\n<p>Institutional Investors and Rebalancing</p>\n<p>It is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3</p>\n<p>There are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.</p>\n<p>Active funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.</p>","source":"lsy1606203311635","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>What Does the End of the Quarter Mean for Portfolio Management?</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\">\nWhat Does the End of the Quarter Mean for Portfolio Management?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 19:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral><strong>investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and ...</p>\n\n<a href=\"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155435134","content_text":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.\nThere's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.\nEven if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.\nRebalancing a Portfolio\nRebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.\nKEY TAKEAWAYS\n\nThe end of the three-month period known as a financial quarter is considered an important time for investors.\nCompanies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.\nBoth retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.\n\nTraditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.\nInstitutional Investors and Rebalancing\nIt is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3\nThere are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.\nActive funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154676875,"gmtCreate":1625528301897,"gmtModify":1703742940972,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Good day&nbsp;","listText":"Good day&nbsp;","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154676875","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155955276,"gmtCreate":1625371267695,"gmtModify":1703740932097,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Good day","listText":"Good day","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155955276","isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151677962,"gmtCreate":1625092127256,"gmtModify":1703735799243,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151677962","repostId":"2147792812","repostType":4,"repost":{"id":"2147792812","kind":"highlight","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":1625066304,"share":"https://ttm.financial/m/news/2147792812?lang=&edition=fundamental","pubTime":"2021-06-30 23:18","market":"us","language":"en","title":"Online broker Robinhood to pay $70 mln for 'systemic supervisory failures'","url":"https://stock-news.laohu8.com/highlight/detail?id=2147792812","media":"Reuters","summary":"WASHINGTON, June 30 (Reuters) - Online broker Robinhood Financial LLC has been ordered to pay $70 mi","content":"<p>WASHINGTON, June 30 (Reuters) - Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on Wednesday.</p>\n<p>The firm will pay a $57 million penalty and $12.6 million in restitution to harmed consumers. The penalty was the largest ever issued by the Financial Industry Regulatory Authority (FINRA), according to the agency. The regulator said the firm misled consumers and exposed them to excessively risky trading tools, and also failed consumers when its services suffered multiple outages.</p>\n<p>\"We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all,\" a company spokesperson said in an emailed statement, noting the brokerage has invested heavily in customer resources and support as well as compliance.</p>\n<p>Robinhood in December agreed to pay $65 million to the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a> to settle charges it misled customers about its revenue sources.</p>\n<p>The online startup, which has been credited with helping popularize trading among millennials, has seen scrutiny from regulators and lawmakers increase in recent months as retail investors have piled into so-called \"meme stocks\" such as GameStop Corp and AMC Entertainment Holdings.</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>Online broker Robinhood to pay $70 mln for 'systemic supervisory failures'</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\">\nOnline broker Robinhood to pay $70 mln for 'systemic supervisory failures'\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\">2021-06-30 23:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, June 30 (Reuters) - Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on Wednesday.</p>\n<p>The firm will pay a $57 million penalty and $12.6 million in restitution to harmed consumers. The penalty was the largest ever issued by the Financial Industry Regulatory Authority (FINRA), according to the agency. The regulator said the firm misled consumers and exposed them to excessively risky trading tools, and also failed consumers when its services suffered multiple outages.</p>\n<p>\"We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all,\" a company spokesperson said in an emailed statement, noting the brokerage has invested heavily in customer resources and support as well as compliance.</p>\n<p>Robinhood in December agreed to pay $65 million to the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a> to settle charges it misled customers about its revenue sources.</p>\n<p>The online startup, which has been credited with helping popularize trading among millennials, has seen scrutiny from regulators and lawmakers increase in recent months as retail investors have piled into so-called \"meme stocks\" such as GameStop Corp and AMC Entertainment Holdings.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147792812","content_text":"WASHINGTON, June 30 (Reuters) - Online broker Robinhood Financial LLC has been ordered to pay $70 million for 'systemic supervisory failures' that harmed thousands of consumers in the process, an industry regulator announced on Wednesday.\nThe firm will pay a $57 million penalty and $12.6 million in restitution to harmed consumers. The penalty was the largest ever issued by the Financial Industry Regulatory Authority (FINRA), according to the agency. The regulator said the firm misled consumers and exposed them to excessively risky trading tools, and also failed consumers when its services suffered multiple outages.\n\"We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all,\" a company spokesperson said in an emailed statement, noting the brokerage has invested heavily in customer resources and support as well as compliance.\nRobinhood in December agreed to pay $65 million to the Securities and Exchange Commission $(SEC.UK)$ to settle charges it misled customers about its revenue sources.\nThe online startup, which has been credited with helping popularize trading among millennials, has seen scrutiny from regulators and lawmakers increase in recent months as retail investors have piled into so-called \"meme stocks\" such as GameStop Corp and AMC Entertainment Holdings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151674647,"gmtCreate":1625092095889,"gmtModify":1703735798593,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Good day&nbsp;","listText":"Good day&nbsp;","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151674647","isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151674191,"gmtCreate":1625092082213,"gmtModify":1703735798431,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":"Good day&nbsp;","listText":"Good day&nbsp;","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151674191","isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150542092,"gmtCreate":1624922982216,"gmtModify":1703847833733,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150542092","repostId":"2147837316","repostType":4,"repost":{"id":"2147837316","kind":"highlight","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":1624921533,"share":"https://ttm.financial/m/news/2147837316?lang=&edition=fundamental","pubTime":"2021-06-29 07:05","market":"us","language":"en","title":"Tech stock rally sends S&P and Nasdaq to record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2147837316","media":"Reuters","summary":" - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.The S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.In contrast, cycl","content":"<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stock rally sends S&P and Nasdaq to record highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stock rally sends S&P and Nasdaq to record highs\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\">2021-06-29 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","QQQ":"纳指100ETF","PSQ":"纳指反向ETF","NDAQ":"纳斯达克OMX交易所",".IXIC":"NASDAQ Composite","TWTR":"Twitter","NFLX":"奈飞","WBA":"沃尔格林联合博姿","QLD":"纳指两倍做多ETF",".SPX":"S&P 500 Index","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF","MU":"美光科技","QID":"纳指两倍做空ETF","NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147837316","content_text":"(Reuters) - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.\nBig tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.\nThe S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.\nIn contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&P 500, down by 0.81% and 3.33%, respectively.\n“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.\nStovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&P 500 companies is expected to top 60%.\nThe Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.\nBoth the S&P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.\n“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.\nFacebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.\nOn the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.\nWith the S&P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.\nOn the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.\nThe S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.\nVolume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126599056,"gmtCreate":1624577882075,"gmtModify":1703840623492,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585048303831970","idStr":"3585048303831970"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126599056","repostId":"1149719439","repostType":4,"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":119320193,"gmtCreate":1622520922612,"gmtModify":1704185553039,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":235,"repostSize":0,"link":"https://ttm.financial/post/119320193","repostId":"1163643126","repostType":4,"repost":{"id":"1163643126","kind":"news","pubTimestamp":1622501861,"share":"https://ttm.financial/m/news/1163643126?lang=&edition=fundamental","pubTime":"2021-06-01 06:57","market":"us","language":"en","title":"U.S futures start month slightly lower after major indexes saw gains in May","url":"https://stock-news.laohu8.com/highlight/detail?id=1163643126","media":"CNBC","summary":"Stock futures are slightly lower in overnight trading after major indexes saw gains in May.Futures o","content":"<div>\n<p>Stock futures are slightly lower in overnight trading after major indexes saw gains in May.Futures on the Dow Jones Industrial Average fell 35 points, or 0.10%. S&P 500 futures shed 0.09% and Nasdaq ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/31/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S futures start month slightly lower after major indexes saw gains in May</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S futures start month slightly lower after major indexes saw gains in May\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 06:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/31/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures are slightly lower in overnight trading after major indexes saw gains in May.Futures on the Dow Jones Industrial Average fell 35 points, or 0.10%. S&P 500 futures shed 0.09% and Nasdaq ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/31/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/05/31/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1163643126","content_text":"Stock futures are slightly lower in overnight trading after major indexes saw gains in May.Futures on the Dow Jones Industrial Average fell 35 points, or 0.10%. S&P 500 futures shed 0.09% and Nasdaq 100 futures ticked 0.03% lower.The moves in overnight trading come after the blue-chip Dow and the S&P 500 gained 1.93% and 0.55% in May, respectively, to mark their fourth consecutive positive month. The S&P 500 closed Friday just 0.8% off its record high.The small cap Russell 2000 rose 0.11% in May to post its eighth positive month in a row — its longest monthly win streak since 1995.The Nasdaq gained 2.06% last week to post its best weekly performance since April. However, the tech-heavy composite lost 1.53% in May, breaking a 6-month win streak.A key inflation gauge — the core personal consumption expenditures index — rose 3.1% in April from a year earlier, faster than the forecasted 2.9% increase. Despite the hotter-than-expected inflation data,treasury yields fell on Friday.\"Overall, given the market's reaction to [Friday]'s PCE release, investor concerns about inflation may have been exaggerated — or perhaps already priced in,\" Chris Hussey, a managing director at Goldman Sachs, said in a note.\"Consensus may be building that the inflation we are seeing today is 'good' inflation — the kind of rise in prices that accompanies accelerating growth, not a monetary policy mistake,\" Hussey said.Investors are awaiting the Federal Reserve's meeting scheduled for June 15-16. Key for the markets is whether the Fed begins to believe that inflation is higher than it expected or that the economy is strengthening enough to progress without so much monetary support.May’s employment report, set to be released on Friday, will provide a key reading of the economy. According to Dow Jones, economists expect to see about 674,000 jobs created in May, after the muchfewer-than-expected 266,000 jobsadded in April.Zoom Video Communications and Hewlett Packard Enterpriseare set to report quarterly earnings results on Tuesday after the bell.— CNBC’s Patti Domm contributed reporting.","news_type":1},"isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118766328,"gmtCreate":1622762726564,"gmtModify":1704190549785,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"One of the pop brand","listText":"One of the pop brand","text":"One of the pop brand","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":11,"repostSize":0,"link":"https://ttm.financial/post/118766328","repostId":"1131294990","repostType":4,"repost":{"id":"1131294990","kind":"news","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":1622762389,"share":"https://ttm.financial/m/news/1131294990?lang=&edition=fundamental","pubTime":"2021-06-04 07:19","market":"hk","language":"en","title":"Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds","url":"https://stock-news.laohu8.com/highlight/detail?id=1131294990","media":"Tiger Newspress","summary":"KEY POINTSLululemon said fiscal first-quarter revenue soared 88%, topping analysts' estimates, as sh","content":"<p>KEY POINTS</p><ul><li>Lululemon said fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.</li><li>The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies.</li></ul><p>Lululemon Athleticasaid Thursday its fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.</p><p>The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.</p><p>Its stock rose less than 1% on the news in extended trading.<img src=\"https://static.tigerbbs.com/62509e3df216bb0777d22952e50e84e2\" tg-width=\"688\" tg-height=\"526\" referrerpolicy=\"no-referrer\">Here's how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey:</p><ul><li>Earnings per share: $1.16 adjusted vs. 91 cents expected</li><li>Revenue: $1.23 billion vs. $1.13 billion expected</li></ul><p>Net income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding <a href=\"https://laohu8.com/S/AONE\">one</a>-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.<img src=\"https://static.tigerbbs.com/97ea74dff7b224c85a3daaf62b95079e\" tg-width=\"749\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Revenue rose to $1.23 billion from $652&nbsp;million a year earlier,when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.</p><p>On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.</p><p>The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon,NikeandUnder Armour. It has also boosted more traditional retailers such asGap, which recently saidactivewear sales continue to drivesales at both its Athleta and Old Navy banners.</p><p>Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.</p><p>CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North <a href=\"https://laohu8.com/S/AFG\">American</a> operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.</p><p>The company also owns the at-home fitness platform Mirror, a rival toPeloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.</p><p>CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line ofproducts that use lower-impact dyes, and it is piloting a trade-in and resale program.</p><p>For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.</p><p>For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.</p><p>Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.</p><p>“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.</p><p>Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.</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>Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds</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\">\nLululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds\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\">2021-06-04 07:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>KEY POINTS</p><ul><li>Lululemon said fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.</li><li>The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies.</li></ul><p>Lululemon Athleticasaid Thursday its fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.</p><p>The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.</p><p>Its stock rose less than 1% on the news in extended trading.<img src=\"https://static.tigerbbs.com/62509e3df216bb0777d22952e50e84e2\" tg-width=\"688\" tg-height=\"526\" referrerpolicy=\"no-referrer\">Here's how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey:</p><ul><li>Earnings per share: $1.16 adjusted vs. 91 cents expected</li><li>Revenue: $1.23 billion vs. $1.13 billion expected</li></ul><p>Net income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding <a href=\"https://laohu8.com/S/AONE\">one</a>-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.<img src=\"https://static.tigerbbs.com/97ea74dff7b224c85a3daaf62b95079e\" tg-width=\"749\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Revenue rose to $1.23 billion from $652&nbsp;million a year earlier,when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.</p><p>On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.</p><p>The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon,NikeandUnder Armour. It has also boosted more traditional retailers such asGap, which recently saidactivewear sales continue to drivesales at both its Athleta and Old Navy banners.</p><p>Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.</p><p>CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North <a href=\"https://laohu8.com/S/AFG\">American</a> operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.</p><p>The company also owns the at-home fitness platform Mirror, a rival toPeloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.</p><p>CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line ofproducts that use lower-impact dyes, and it is piloting a trade-in and resale program.</p><p>For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.</p><p>For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.</p><p>Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.</p><p>“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.</p><p>Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LULU":"lululemon athletica"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131294990","content_text":"KEY POINTSLululemon said fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies.Lululemon Athleticasaid Thursday its fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.Its stock rose less than 1% on the news in extended trading.Here's how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey:Earnings per share: $1.16 adjusted vs. 91 cents expectedRevenue: $1.23 billion vs. $1.13 billion expectedNet income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding one-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.Revenue rose to $1.23 billion from $652 million a year earlier,when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon,NikeandUnder Armour. It has also boosted more traditional retailers such asGap, which recently saidactivewear sales continue to drivesales at both its Athleta and Old Navy banners.Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North American operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.The company also owns the at-home fitness platform Mirror, a rival toPeloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line ofproducts that use lower-impact dyes, and it is piloting a trade-in and resale program.For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934056281,"gmtCreate":1663164520443,"gmtModify":1676537217806,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>It's in recession now guys, if you haven't realised that yet. Things are going down the drain!... Quickly sell it at goodprice while you still can&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>It's in recession now guys, if you haven't realised that yet. Things are going down the drain!... Quickly sell it at goodprice while you still can&nbsp;","text":"$Tesla Motors(TSLA)$It's in recession now guys, if you haven't realised that yet. Things are going down the drain!... Quickly sell it at goodprice while you still can","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/9934056281","isVote":1,"tweetType":1,"viewCount":946,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000420","authorId":"9000000000000420","name":"PorterLamb","avatar":"https://static.tigerbbs.com/bf65ca86aeb00567f8edf7489edd03ae","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000420","authorIdStr":"9000000000000420"},"content":"I have sold them all! I don't want to enter the market any more recently. It broke my heart.","text":"I have sold them all! I don't want to enter the market any more recently. It broke my heart.","html":"I have sold them all! I don't want to enter the market any more recently. It broke my heart."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981435472,"gmtCreate":1666579195396,"gmtModify":1676537770797,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Wow such a brave assumption!&nbsp;","listText":"Wow such a brave assumption!&nbsp;","text":"Wow such a brave assumption!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9981435472","repostId":"1133583383","repostType":4,"repost":{"id":"1133583383","kind":"news","pubTimestamp":1666582585,"share":"https://ttm.financial/m/news/1133583383?lang=&edition=fundamental","pubTime":"2022-10-24 11:36","market":"us","language":"en","title":"Tesla: Accounting And Valuation Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=1133583383","media":"Seeking Alpha","summary":"SummaryIn this article, I analyze recent reports from banks that have updated their price targets fo","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>In this article, I analyze recent reports from banks that have updated their price targets for Tesla stock since the release of Q3 results.</li><li>BofA and Morgan Stanley are overly optimistic, in my view, while JPMorgan seems closest to reality.</li><li>GLJ Research&#39;s analysts give you 5 reasons to believe TSLA is artificially boosting its revenue numbers.</li><li>Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.</li><li>This time, I rate Tesla stock as Hold.</li></ul><p><b>Introduction</b></p><p>In late June 2022, I posted a pair trade idea in which I recommended buying Tesla, Inc. (NASDAQ:TSLA) and selling Lucid Group, Inc. (LCID) stock short (in equal dollar amounts). My pitch was simple enough. Both companies look overvalued in terms of absolute multiples. Still, due to more efficient operational growth, Tesla should have experienced a much less noticeable multiple contraction than Lucid while receiving much more support from retail investors.</p><p>A few months have passed since then. The S&amp;P 500 (SPX) fell even lower, dragging the rest of the market with it, including the companies mentioned above. But my thesis was justified - the difference in the magnitude of the declines in TSLA and LCID would bring a potential investor +22.9% (gross, before deducting brokerage commissions for shorting LCID):</p><p><img src=\"https://static.tigerbbs.com/876778b7ede509db5346250fe56fec97\" tg-width=\"640\" tg-height=\"615\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha, Ycharts, author&#39;s notes</p><p>At the time, I recommended holding this deal until the end of the year. However, in my article today, I want to look at the recent banks&#39; equity research reports on Tesla&#39;s financial results. Let us take a look at them and try to assess how logical their forecasts and conclusions are and whether they should be trusted.</p><p>Bank of America - 3Q results look pretty good to us – first take [October 19]</p><p>Analysts John Murphy, CFA, John P. Babcock, and Federico Merendi reiterated a Neutral rating on Tesla with a price objective (PO) of $325 per share - that&#39;s 3.17% higher than their previous PO of $315.</p><p>Moreover, BofA said much the same thing as I did when I put forward my thesis in June - TSLA&#39;s self-funding status is a notable advantage over some startup competitors in the electric car space, but because its valuation is the result of optimistic projections for a long future (recall the 50% growth target), it will be quite difficult for the quotes to grow strongly in the near future.</p><p>However, why did the bank raise its TSLA price target anyway? The issue is how the actual results differed from what analysts had expected from the company:</p><p><img src=\"https://static.tigerbbs.com/ed4dc14a81b28e60a2032d559c526278\" tg-width=\"640\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/></p><p>BofA, TSLA report, October 19</p><p>I can understand why the analysts were wrong in forecasting gross profit - the variance seems negligible. But to be wrong on operating expenses (OPEX) by 15% and on taxes by 38.8%? If Tesla really is not just faking its books - we will get into that later - but is working as we see in the statements, then the company&#39;s operating efficiency makes one sit up and take notice because even top analysts could not imagine how Elon Musk could save so much on OPEX this quarter.</p><p>BofA values the company using EV/Sales and EV/EBITDA multiples, but $325/share is too optimistic a target in my opinion. Let us look at their logic. BofA analysts expect EV/EBITDA to be 41x in 2022, down 37.1% from 2021. At the same time, EBITDA growth will be 59.2% in 2022. This is such a sharp decline in the multiple against the backdrop of such a high growth rate in the underlying financial metric. In 2023, however, EBITDA is expected to grow by only 7% - many times less than in the previous year. However, the analysts&#39; forecast includes a much less modest contraction of 6.6% in 2023, which is not in line with the trend of recent years:</p><p><img src=\"https://static.tigerbbs.com/146388aab7013b33a9f50032c16ec0f7\" tg-width=\"640\" tg-height=\"567\" referrerpolicy=\"no-referrer\"/></p><p>BofA, TSLA report, with author&#39;s calculations and notes</p><p>In my view, the EV/EBITDA multiple in 2023 should be at least 30x, if not lower, if the multiple contraction continues - and it should, given lower growth forecasts and a generally higher interest rate environment - implying a 27% reduction in the multiple from 2022 to 2023. At EBITDA of $19.916 billion in 2023 (BofA&#39;s estimate), enterprise value should be about $600 billion - that&#39;s 5.5% below the current one.</p><p>Morgan Stanley - 3Q Margins Beat, But FY23 Outlook Still at Risk [October 19]</p><p>AnalystsAdam Jonas, CFA, Evan Silverberg, CFA, CPA, et al. released an update of their Overweight rating, having $350 per share as a new price objective - below its pre-split target of $1300(about $433 per share).</p><p>Morgan Stanley, like BofA, was wrong about growth in OPEX, interest expense, and stock-based compensation. The company&#39;s lower-than-expected CAPEX coupled with stronger EPS growth resulted in a 153.6% undervaluation of FCF:</p><p><img src=\"https://static.tigerbbs.com/d31a9c6b04a11e6fa0bfb86d24468c71\" tg-width=\"492\" tg-height=\"730\" referrerpolicy=\"no-referrer\"/></p><p>MS, TSLA report, October 19</p><p>The key takeaways from their analysis of TSLA&#39;s report:</p><ul><li>expected cost inflation related to logistics/shipping as well as adverse timing differences related to supplier payments given significant input cost inflation on the battery and non-battery side. That didn&#39;t happen;</li><li>If one were to inflation adjust the YoY moves in CAPEX and OPEX, Tesla&#39;s clearly doing more with less;</li><li>Supercharging revenue will most likely get above 10% of Tesla&#39;s total revenue within the next 12 to 18 months;</li><li>Production is ramping up at the 40-GWh Megapack factory in California - a solid win for the company, demonstrating its strength and focus on the battery front.</li></ul><p><b>Okay, but why did analysts lower their TSLA price target?</b></p><p>Here you have to look at the input data for their SOTP 6-component model:</p><p><img src=\"https://static.tigerbbs.com/182723ae2d8888a7435a237b5408867c\" tg-width=\"640\" tg-height=\"181\" referrerpolicy=\"no-referrer\"/></p><p>MS, TSLA report, October 19</p><blockquote>Our PT of $433 is comprised of 6 components:<b>(1)</b>$203/share for core Tesla Auto business on 8.6mm units in 2030, 8.5% WACC, 15x 2030 exit EBITDA multiple, exit EBITDA margin of 20%.<b>(2)</b>Tesla Mobility at $25 on DCF with ~500k cars at $1.7/mile by 2030.<b>(3)</b>Tesla as a 3rd party supplier at $44/share.<b>4)</b>Energy at $37/share,<b>5)</b>Insurance at $12/share, &amp;<b>6)</b>Network Services at $113, 25mm MAUs, $100 ARPU by 2030, 20% discount.</blockquote><blockquote>Source: Investing.com, author&#39;s adjustment for the split (3:1)</blockquote><table><tbody><tr><td><b>Segment / Date</b></td><td><p><b>Jun 16, 2022(rounded)</b></p></td><td><b>Now</b></td><td><b>Change</b></td></tr><tr><td>Core Tesla Auto business</td><td>$203</td><td>$287</td></tr><tr><td>Tesla Mobility</td><td>$25</td><td>$22</td><td>1.4%</td></tr><tr><td>3rd party supplier</td><td>$44</td><td>$27</td><td>-38.2%</td></tr><tr><td>Energy</td><td>$37</td><td>$31</td><td>-16.2%</td></tr><tr><td>Insurance</td><td>$12</td><td>$8</td><td>-35.1%</td></tr><tr><td>Network Services</td><td>$113</td><td>$75</td><td>-33.4%</td></tr><tr><td><b>Sum Of The Parts</b></td><td><b>$433</b></td><td><b>$450</b></td><td><b>4.6%</b></td></tr></tbody></table><p>Source: Author&#39;s compilation</p><p>If you add up all the parts of the analysts&#39; outputs, it shows that their SOTP model does indeed show a price target of $453 per share - I suspect that the Morgan Stanley analysts mistyped their report and wrote $287 instead of $187 because the difference is exactly $100 while the WACC is higher and the sales volume is lower than before. Here&#39;s how the above table should most likely look like:</p><table><tbody><tr><td><b>Segment / Date</b></td><td><b>Jun 16, 2022 (rounded)</b></td><td><b>Now</b></td><td><b>Change</b></td></tr><tr><td>Core Tesla Auto business</td><td>$203</td><td>$187</td><td>-7.7%</td></tr><tr><td>Tesla Mobility</td><td>$25</td><td>$22</td><td>1.4%</td></tr><tr><td>3rd party supplier</td><td>$45</td><td>$27</td><td>-38.2%</td></tr><tr><td>Energy</td><td>$37</td><td>$31</td><td>-16.2%</td></tr><tr><td>Insurance</td><td>$12</td><td>$8</td><td>-35.1%</td></tr><tr><td>Network Services</td><td>$113</td><td>$75</td><td>-33.4%</td></tr><tr><td><b>Sum Of The Parts</b></td><td><b>$433</b></td><td><b>$350</b></td><td><b>-18.5%</b></td></tr></tbody></table><p>Source: Author&#39;s compilation</p><p>If you look at how the analysts&#39; assumptions have changed, we see only 3 concrete changes here: 1) the number of vehicles produced in 2030 is now reduced by 0.9 million units (-10.5%); 2) the WACC is increased by 0.2% (8.7% vs. 8.5%); and 3) the exit EBITDA margin is increased from 20% to 21%. This applies directly to the main revenue stream (Core Tesla Auto business) - the assumptions for the other parts are not disclosed (I assume the WACC has been applied to them as well, considering that Tesla Mobility&#39;s DCF has decreased by 12.5% without any visible adjustments in inputs).</p><p>That is, broadly speaking, the entire decline in the target price (the top rightmost column above) is due to A) a slight slowdown in operations, and B) a slight 0.2% increase in WACC. At the same time, a new, more positive improvement in business margins has by no means kept the target price for TSLA from correcting. In my opinion, the WACC was not raised high enough by analysts and should have been raised by more than 1% instead of 0.2%. Why do I think so?</p><p><b>First,</b> the analysts had to account for higher betas, that mostly increased since their previous call (June 16, 2022):</p><p><img src=\"https://static.tigerbbs.com/d2a07a7f6dd7206ed566e9dcc98a2649\" tg-width=\"635\" tg-height=\"484\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>Higher beta - higher WACC. Of course, it is possible that they took a 3-year coefficient, but then it would be cherry-picking. It is unlikely that the Morgan Stanley analysts did this (I really hope so).</p><p><b>The second</b> is the rising risk-free rate, which mostly corresponds to 10-year Treasuries yield, which (theoretically) have no credit risk. The rate has risen since June 15, 2022, from 3.292% to 4.274% at the time of writing. Effective 7-10 year yields on corporate bonds have jumped even higher since then:</p><p><img src=\"https://static.tigerbbs.com/63df41aa9b262fde5ad07913778940a5\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p><b>The third point</b> that analysts may not have taken into account in their WACC calculation is the slowdown in economic growth in China and globally, which should have been reflected in the discount rate in the form of an additional premium. Since mid-June 2022, the geopolitical situation in the world has only gotten worse (in my opinion), and the forecast for global economic growth was just recently lowered by the IMF. Therefore, this premium should have been larger, if it was included in their calculations at all.</p><p><img src=\"https://static.tigerbbs.com/c8ea24a9cde929b8b6ba9278044bd269\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\"/></p><p>IMF, author&#39;s notes</p><p>If a minor 0.2% increase in WACC has led to such severe corrections in price targets for the company&#39;s various businesses, imagine how long the analysts&#39; model should run - apparently they predict all segments to 2030, using huge growth rates in their models. Even a slight deviation from these rates will cause the model to collapse. In my opinion, this is a serious risk for those who want to rely on the DCF calculations of Morgan Stanley&#39;s analysts.</p><p>JPMorgan - Trim Estimates and Price Target After Softer Trend in 3Q Volume &amp; Pricing [October 20]</p><p>AnalystsRyan Brinkman, Rajat Gupta, CFA, Manasvi Garg, et al. stick to an oppositional opinion concerning the other two banks above. They are Underweight Tesla with a price target of $150/share, revised down from $153/share, having the following reasoning:</p><blockquote>We are lowering our estimates and price target after Tesla reported modestly softer than expected 3Q22 results Wednesday after the close, featuring lower-than-consensus margin on lower-than-expected revenue. Average transaction prices rose strongly y/y, but to a level that was lower than expected, driving a -3% revenue miss given that deliveries were previously disclosed. The results will likely add to debates about demand destruction that ensued after 3Q deliveries tracked -5% below company-compiled consensus. Management itself reined in near-term growth expectations, now looking for just less than its original target of more than +50% unit growth this year vs. previous indication only that the target would be more difficult to achieve. We continue to see risk to guidance for +50% annual unit volume growth over time (in some years more, in some years less), including given higher prices, higher interest rates, an increasingly tapped-out consumer, and given the paucity of new model introductions, with Tesla&#39;s lineup essentially the same as at the start of 2021 after the last Model S &amp; X refresh, with the Cybertruck (originally slated for 2021) still on tap. Automotive gross margin of 26.8% missed Bloomberg consensus of 27.7%, with management citing persistent inflationary pressures, including higher logistics costs. We remain cautious on valuation, particularly in the context of lofty unit volume growth expectations, and continue to see material downside risk to our December 2023 price target, which declines today to $150 from $153, on account of unchanged target multiples applied to our slightly lower estimates, which decline primarily on flow-through of 3Q&#39;s softer-than-expected trend in demand expressed in the form of lower transaction prices.</blockquote><blockquote>Source: JPMorgan&#39;s TSLA report, October 20</blockquote><p>Their price target methodology is less sophisticated than Morgan Stanley&#39;s one (and more reasonable, in my opinion, than that of BofA) and is predicated upon a 50/50 blend of DCF and 2025E-based multiples analysis (itself a blend of P/E, EV/EBITDA, and price-to-sales).</p><p>And if you take a look at JPM&#39;s Key Figures table, theirs seem much more realistic - at least the analysts take into account a more reasonable multiple and margin contractions as Tesla expands its business and matures:</p><p><img src=\"https://static.tigerbbs.com/b6bc5018373d282566815bd6816da0b6\" tg-width=\"581\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>JPMorgan, TSLA report, October 20</p><p>They propose to focus on equal weighting of 3 coefficients to find fair value (50% of the model) and DCF calculations for the remaining half. If they had focused solely on DCF, they would have received $129 per share on exit - and against a backdrop of rapidly growing FCF. However, FCF-based valuation has shown in practice how indifferent the market is to it concerning Tesla - just take a look at the stock rating history from Ryan Brinkman, the lead author of the above JPM report:</p><p><img src=\"https://static.tigerbbs.com/58a254263a2a3a5480f2c67ead96566c\" tg-width=\"640\" tg-height=\"364\" referrerpolicy=\"no-referrer\"/></p><p>TipRanks, Ryan Brinkman, October 21</p><p>I am not saying Ryan is wrong this time either - &#34;past performance is no guarantee of future performance&#34; applies in reverse as well, let us not forget that. However, I am skeptical about FCF as a driver for determining Tesla&#39;s intrinsic value - it is much more correct to look at multiples and their compression over time. The current state of the company&#39;s valuation is more in line with JPMorgan than BofA or MS - given the increasing risks of Tesla losing its 50% growth rate in 2023 and 2024, I think we are in for a bumpy ride, and the only opportunity for buy-and-hold investors, if you consider yourself one, is to hedge.</p><p>GLJ Research - the numbers TSLA reports are LIKELY NOT REAL [October 20]</p><p>One risk that has long been talked about and is unlikely to be taken seriously by experts is the possibility of falsified reporting. More and more people keep doubting that Tesla can grow such volumes based on sub-ten percent OPEX and CAPEX growth (you may have noticed that this was one of Morgan Stanley&#39;s bullish arguments).</p><p>Gordon Johnson from GLJ Research - ranked by Bloomberg among the top stock pickers in the steel, iron ore, graphite electrode, electric vehicle, and solar spaces since initiating coverage in 2008 - writes, that with 2 of its 4 plants operating at just ~10% capacity, TSLA&#39;s gross margins expansion from 25.0% to 26.61% (per Bloomberg) is not possible.</p><blockquote>In short, we believe the numbers TSLA reports are largely &#34;fiction,&#34; resulting from aggressive accounting applied via the Shanghai plant, among other &#34;tricks&#34; used. And, given modeling numbers that are &#34;fiction&#34; is impossible, this time (i.e., for 3Q22), we aren’t going to even try (we see LARGE incentive for E. Musk to be as aggressive as possible, from an accounting perspective, given he has ~$15B-$20B worth of shares still left to sell to close the Twitter buyout... by our calculation). That is, using one example of TSLA&#39;s many accounting shenanigans, while pretty much every other automaker includes R&amp;D in the gross profit they report, TSLA pushes this metric below the gross profit line, allowing it to claim industry leading margins; yet, when adjusting R&amp;D out of COGS for TSLA, TSLA’s margins rank 11th among global automakers according to Bloomberg.</blockquote><blockquote>Source: Gordon Johnson from GLJ Research</blockquote><p><img src=\"https://static.tigerbbs.com/88b14d65af952a9e91fd7bf618a44557\" tg-width=\"640\" tg-height=\"594\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg, GLJ Research</p><p>Mr. Johnson warns us - demand today is quite meager on all fronts, as evidenced by the company&#39;s own preliminary statistics and official government sources:</p><p><img src=\"https://static.tigerbbs.com/bdab92dd02be42cc98d2eea0f9b03473\" tg-width=\"640\" tg-height=\"115\" referrerpolicy=\"no-referrer\"/></p><p>GLJ Research LLC</p><p>GLJ Research&#39;s analysts give 5 reasons to believe TSLA is artificially boosting its revenue numbers:</p><ol><li>Revenues up 56% (YoY) amid expenses up only 2% (YoY);</li><li>CAPEX is flat (YoY) when construction of Berlin and Austin is done, which seems impossible. TSLA may be capitalizing more expenses than it should on the balance sheet, thus possibly overstating margins;</li><li>TSLA&#39;s SG&amp;A is still running at $1B/qtr, roughly the same as two years ago, despite selling 2x as many cars;</li><li>Gross margins staying up with 2 new factories open, making just a fraction of their vehicle capacity;</li><li>Inventory is up 98% (YoY) while sales up 56%. Inventory should keep pace with sales, not outpace it - unless you capitalize raw materials for inventory which you can&#39;t move and don&#39;t impair so as not to take a profit hit.</li></ol><p><img src=\"https://static.tigerbbs.com/c0ba728f76aeae0a3d1f51a7d7769e2e\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/></p><p>GLJ Research LLC</p><p>All this looks strange, but it looks even stranger that no one can clearly refute these arguments that support TSLA&#39;s balance sheet fraud. If you can - I am really interested, please share your take in the comments.</p><p><b>Bottom Line</b></p><p>In this article, I took a closer look at the banks&#39; recent analysis and reaction to Tesla&#39;s latest quarterly report. After reading and analyzing everything I had on hands, and also examining the banks&#39; methods of calculating their price targets, I conclude that JPM has come closest to the truth with a reasonable estimate of the multiple and margin contractions over the next 5 years.</p><p>Yes, JPM&#39;s history of &#34;sell&#34; ratings looks depressing - but what if they are right this time? What if Tesla is actually fudging its books to inflate margins and boost net income above consensus?</p><p>The risks to the company are increasing, and while I do not think Tesla is going to repeat Enron&#39;s story, I understand those who think Tesla is an overvalued company. However, it is far from the only company in the market, nor is it the most overvalued. Given the support from retail investors, and assuming that the company&#39;s operational growth continues (if it is a reality), I believe that long-term investors need to hedge against growing risks anyway. Methods can vary - selling puts, pair trading ideas like the one I wrote about earlier, tactical positioning, etc. Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.</p><p><i>This time, I rate Tesla stock as Hold.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Accounting And Valuation Concerns</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\">\nTesla: Accounting And Valuation Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-24 11:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4548158-tesla-accounting-and-valuation-concerns><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIn this article, I analyze recent reports from banks that have updated their price targets for Tesla stock since the release of Q3 results.BofA and Morgan Stanley are overly optimistic, in my ...</p>\n\n<a href=\"https://seekingalpha.com/article/4548158-tesla-accounting-and-valuation-concerns\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4548158-tesla-accounting-and-valuation-concerns","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133583383","content_text":"SummaryIn this article, I analyze recent reports from banks that have updated their price targets for Tesla stock since the release of Q3 results.BofA and Morgan Stanley are overly optimistic, in my view, while JPMorgan seems closest to reality.GLJ Research's analysts give you 5 reasons to believe TSLA is artificially boosting its revenue numbers.Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.This time, I rate Tesla stock as Hold.IntroductionIn late June 2022, I posted a pair trade idea in which I recommended buying Tesla, Inc. (NASDAQ:TSLA) and selling Lucid Group, Inc. (LCID) stock short (in equal dollar amounts). My pitch was simple enough. Both companies look overvalued in terms of absolute multiples. Still, due to more efficient operational growth, Tesla should have experienced a much less noticeable multiple contraction than Lucid while receiving much more support from retail investors.A few months have passed since then. The S&P 500 (SPX) fell even lower, dragging the rest of the market with it, including the companies mentioned above. But my thesis was justified - the difference in the magnitude of the declines in TSLA and LCID would bring a potential investor +22.9% (gross, before deducting brokerage commissions for shorting LCID):Seeking Alpha, Ycharts, author's notesAt the time, I recommended holding this deal until the end of the year. However, in my article today, I want to look at the recent banks' equity research reports on Tesla's financial results. Let us take a look at them and try to assess how logical their forecasts and conclusions are and whether they should be trusted.Bank of America - 3Q results look pretty good to us – first take [October 19]Analysts John Murphy, CFA, John P. Babcock, and Federico Merendi reiterated a Neutral rating on Tesla with a price objective (PO) of $325 per share - that's 3.17% higher than their previous PO of $315.Moreover, BofA said much the same thing as I did when I put forward my thesis in June - TSLA's self-funding status is a notable advantage over some startup competitors in the electric car space, but because its valuation is the result of optimistic projections for a long future (recall the 50% growth target), it will be quite difficult for the quotes to grow strongly in the near future.However, why did the bank raise its TSLA price target anyway? The issue is how the actual results differed from what analysts had expected from the company:BofA, TSLA report, October 19I can understand why the analysts were wrong in forecasting gross profit - the variance seems negligible. But to be wrong on operating expenses (OPEX) by 15% and on taxes by 38.8%? If Tesla really is not just faking its books - we will get into that later - but is working as we see in the statements, then the company's operating efficiency makes one sit up and take notice because even top analysts could not imagine how Elon Musk could save so much on OPEX this quarter.BofA values the company using EV/Sales and EV/EBITDA multiples, but $325/share is too optimistic a target in my opinion. Let us look at their logic. BofA analysts expect EV/EBITDA to be 41x in 2022, down 37.1% from 2021. At the same time, EBITDA growth will be 59.2% in 2022. This is such a sharp decline in the multiple against the backdrop of such a high growth rate in the underlying financial metric. In 2023, however, EBITDA is expected to grow by only 7% - many times less than in the previous year. However, the analysts' forecast includes a much less modest contraction of 6.6% in 2023, which is not in line with the trend of recent years:BofA, TSLA report, with author's calculations and notesIn my view, the EV/EBITDA multiple in 2023 should be at least 30x, if not lower, if the multiple contraction continues - and it should, given lower growth forecasts and a generally higher interest rate environment - implying a 27% reduction in the multiple from 2022 to 2023. At EBITDA of $19.916 billion in 2023 (BofA's estimate), enterprise value should be about $600 billion - that's 5.5% below the current one.Morgan Stanley - 3Q Margins Beat, But FY23 Outlook Still at Risk [October 19]AnalystsAdam Jonas, CFA, Evan Silverberg, CFA, CPA, et al. released an update of their Overweight rating, having $350 per share as a new price objective - below its pre-split target of $1300(about $433 per share).Morgan Stanley, like BofA, was wrong about growth in OPEX, interest expense, and stock-based compensation. The company's lower-than-expected CAPEX coupled with stronger EPS growth resulted in a 153.6% undervaluation of FCF:MS, TSLA report, October 19The key takeaways from their analysis of TSLA's report:expected cost inflation related to logistics/shipping as well as adverse timing differences related to supplier payments given significant input cost inflation on the battery and non-battery side. That didn't happen;If one were to inflation adjust the YoY moves in CAPEX and OPEX, Tesla's clearly doing more with less;Supercharging revenue will most likely get above 10% of Tesla's total revenue within the next 12 to 18 months;Production is ramping up at the 40-GWh Megapack factory in California - a solid win for the company, demonstrating its strength and focus on the battery front.Okay, but why did analysts lower their TSLA price target?Here you have to look at the input data for their SOTP 6-component model:MS, TSLA report, October 19Our PT of $433 is comprised of 6 components:(1)$203/share for core Tesla Auto business on 8.6mm units in 2030, 8.5% WACC, 15x 2030 exit EBITDA multiple, exit EBITDA margin of 20%.(2)Tesla Mobility at $25 on DCF with ~500k cars at $1.7/mile by 2030.(3)Tesla as a 3rd party supplier at $44/share.4)Energy at $37/share,5)Insurance at $12/share, &6)Network Services at $113, 25mm MAUs, $100 ARPU by 2030, 20% discount.Source: Investing.com, author's adjustment for the split (3:1)Segment / DateJun 16, 2022(rounded)NowChangeCore Tesla Auto business$203$287Tesla Mobility$25$221.4%3rd party supplier$44$27-38.2%Energy$37$31-16.2%Insurance$12$8-35.1%Network Services$113$75-33.4%Sum Of The Parts$433$4504.6%Source: Author's compilationIf you add up all the parts of the analysts' outputs, it shows that their SOTP model does indeed show a price target of $453 per share - I suspect that the Morgan Stanley analysts mistyped their report and wrote $287 instead of $187 because the difference is exactly $100 while the WACC is higher and the sales volume is lower than before. Here's how the above table should most likely look like:Segment / DateJun 16, 2022 (rounded)NowChangeCore Tesla Auto business$203$187-7.7%Tesla Mobility$25$221.4%3rd party supplier$45$27-38.2%Energy$37$31-16.2%Insurance$12$8-35.1%Network Services$113$75-33.4%Sum Of The Parts$433$350-18.5%Source: Author's compilationIf you look at how the analysts' assumptions have changed, we see only 3 concrete changes here: 1) the number of vehicles produced in 2030 is now reduced by 0.9 million units (-10.5%); 2) the WACC is increased by 0.2% (8.7% vs. 8.5%); and 3) the exit EBITDA margin is increased from 20% to 21%. This applies directly to the main revenue stream (Core Tesla Auto business) - the assumptions for the other parts are not disclosed (I assume the WACC has been applied to them as well, considering that Tesla Mobility's DCF has decreased by 12.5% without any visible adjustments in inputs).That is, broadly speaking, the entire decline in the target price (the top rightmost column above) is due to A) a slight slowdown in operations, and B) a slight 0.2% increase in WACC. At the same time, a new, more positive improvement in business margins has by no means kept the target price for TSLA from correcting. In my opinion, the WACC was not raised high enough by analysts and should have been raised by more than 1% instead of 0.2%. Why do I think so?First, the analysts had to account for higher betas, that mostly increased since their previous call (June 16, 2022):Data by YChartsHigher beta - higher WACC. Of course, it is possible that they took a 3-year coefficient, but then it would be cherry-picking. It is unlikely that the Morgan Stanley analysts did this (I really hope so).The second is the rising risk-free rate, which mostly corresponds to 10-year Treasuries yield, which (theoretically) have no credit risk. The rate has risen since June 15, 2022, from 3.292% to 4.274% at the time of writing. Effective 7-10 year yields on corporate bonds have jumped even higher since then:Data by YChartsThe third point that analysts may not have taken into account in their WACC calculation is the slowdown in economic growth in China and globally, which should have been reflected in the discount rate in the form of an additional premium. Since mid-June 2022, the geopolitical situation in the world has only gotten worse (in my opinion), and the forecast for global economic growth was just recently lowered by the IMF. Therefore, this premium should have been larger, if it was included in their calculations at all.IMF, author's notesIf a minor 0.2% increase in WACC has led to such severe corrections in price targets for the company's various businesses, imagine how long the analysts' model should run - apparently they predict all segments to 2030, using huge growth rates in their models. Even a slight deviation from these rates will cause the model to collapse. In my opinion, this is a serious risk for those who want to rely on the DCF calculations of Morgan Stanley's analysts.JPMorgan - Trim Estimates and Price Target After Softer Trend in 3Q Volume & Pricing [October 20]AnalystsRyan Brinkman, Rajat Gupta, CFA, Manasvi Garg, et al. stick to an oppositional opinion concerning the other two banks above. They are Underweight Tesla with a price target of $150/share, revised down from $153/share, having the following reasoning:We are lowering our estimates and price target after Tesla reported modestly softer than expected 3Q22 results Wednesday after the close, featuring lower-than-consensus margin on lower-than-expected revenue. Average transaction prices rose strongly y/y, but to a level that was lower than expected, driving a -3% revenue miss given that deliveries were previously disclosed. The results will likely add to debates about demand destruction that ensued after 3Q deliveries tracked -5% below company-compiled consensus. Management itself reined in near-term growth expectations, now looking for just less than its original target of more than +50% unit growth this year vs. previous indication only that the target would be more difficult to achieve. We continue to see risk to guidance for +50% annual unit volume growth over time (in some years more, in some years less), including given higher prices, higher interest rates, an increasingly tapped-out consumer, and given the paucity of new model introductions, with Tesla's lineup essentially the same as at the start of 2021 after the last Model S & X refresh, with the Cybertruck (originally slated for 2021) still on tap. Automotive gross margin of 26.8% missed Bloomberg consensus of 27.7%, with management citing persistent inflationary pressures, including higher logistics costs. We remain cautious on valuation, particularly in the context of lofty unit volume growth expectations, and continue to see material downside risk to our December 2023 price target, which declines today to $150 from $153, on account of unchanged target multiples applied to our slightly lower estimates, which decline primarily on flow-through of 3Q's softer-than-expected trend in demand expressed in the form of lower transaction prices.Source: JPMorgan's TSLA report, October 20Their price target methodology is less sophisticated than Morgan Stanley's one (and more reasonable, in my opinion, than that of BofA) and is predicated upon a 50/50 blend of DCF and 2025E-based multiples analysis (itself a blend of P/E, EV/EBITDA, and price-to-sales).And if you take a look at JPM's Key Figures table, theirs seem much more realistic - at least the analysts take into account a more reasonable multiple and margin contractions as Tesla expands its business and matures:JPMorgan, TSLA report, October 20They propose to focus on equal weighting of 3 coefficients to find fair value (50% of the model) and DCF calculations for the remaining half. If they had focused solely on DCF, they would have received $129 per share on exit - and against a backdrop of rapidly growing FCF. However, FCF-based valuation has shown in practice how indifferent the market is to it concerning Tesla - just take a look at the stock rating history from Ryan Brinkman, the lead author of the above JPM report:TipRanks, Ryan Brinkman, October 21I am not saying Ryan is wrong this time either - \"past performance is no guarantee of future performance\" applies in reverse as well, let us not forget that. However, I am skeptical about FCF as a driver for determining Tesla's intrinsic value - it is much more correct to look at multiples and their compression over time. The current state of the company's valuation is more in line with JPMorgan than BofA or MS - given the increasing risks of Tesla losing its 50% growth rate in 2023 and 2024, I think we are in for a bumpy ride, and the only opportunity for buy-and-hold investors, if you consider yourself one, is to hedge.GLJ Research - the numbers TSLA reports are LIKELY NOT REAL [October 20]One risk that has long been talked about and is unlikely to be taken seriously by experts is the possibility of falsified reporting. More and more people keep doubting that Tesla can grow such volumes based on sub-ten percent OPEX and CAPEX growth (you may have noticed that this was one of Morgan Stanley's bullish arguments).Gordon Johnson from GLJ Research - ranked by Bloomberg among the top stock pickers in the steel, iron ore, graphite electrode, electric vehicle, and solar spaces since initiating coverage in 2008 - writes, that with 2 of its 4 plants operating at just ~10% capacity, TSLA's gross margins expansion from 25.0% to 26.61% (per Bloomberg) is not possible.In short, we believe the numbers TSLA reports are largely \"fiction,\" resulting from aggressive accounting applied via the Shanghai plant, among other \"tricks\" used. And, given modeling numbers that are \"fiction\" is impossible, this time (i.e., for 3Q22), we aren’t going to even try (we see LARGE incentive for E. Musk to be as aggressive as possible, from an accounting perspective, given he has ~$15B-$20B worth of shares still left to sell to close the Twitter buyout... by our calculation). That is, using one example of TSLA's many accounting shenanigans, while pretty much every other automaker includes R&D in the gross profit they report, TSLA pushes this metric below the gross profit line, allowing it to claim industry leading margins; yet, when adjusting R&D out of COGS for TSLA, TSLA’s margins rank 11th among global automakers according to Bloomberg.Source: Gordon Johnson from GLJ ResearchBloomberg, GLJ ResearchMr. Johnson warns us - demand today is quite meager on all fronts, as evidenced by the company's own preliminary statistics and official government sources:GLJ Research LLCGLJ Research's analysts give 5 reasons to believe TSLA is artificially boosting its revenue numbers:Revenues up 56% (YoY) amid expenses up only 2% (YoY);CAPEX is flat (YoY) when construction of Berlin and Austin is done, which seems impossible. TSLA may be capitalizing more expenses than it should on the balance sheet, thus possibly overstating margins;TSLA's SG&A is still running at $1B/qtr, roughly the same as two years ago, despite selling 2x as many cars;Gross margins staying up with 2 new factories open, making just a fraction of their vehicle capacity;Inventory is up 98% (YoY) while sales up 56%. Inventory should keep pace with sales, not outpace it - unless you capitalize raw materials for inventory which you can't move and don't impair so as not to take a profit hit.GLJ Research LLCAll this looks strange, but it looks even stranger that no one can clearly refute these arguments that support TSLA's balance sheet fraud. If you can - I am really interested, please share your take in the comments.Bottom LineIn this article, I took a closer look at the banks' recent analysis and reaction to Tesla's latest quarterly report. After reading and analyzing everything I had on hands, and also examining the banks' methods of calculating their price targets, I conclude that JPM has come closest to the truth with a reasonable estimate of the multiple and margin contractions over the next 5 years.Yes, JPM's history of \"sell\" ratings looks depressing - but what if they are right this time? What if Tesla is actually fudging its books to inflate margins and boost net income above consensus?The risks to the company are increasing, and while I do not think Tesla is going to repeat Enron's story, I understand those who think Tesla is an overvalued company. However, it is far from the only company in the market, nor is it the most overvalued. Given the support from retail investors, and assuming that the company's operational growth continues (if it is a reality), I believe that long-term investors need to hedge against growing risks anyway. Methods can vary - selling puts, pair trading ideas like the one I wrote about earlier, tactical positioning, etc. Waiting and watching as the price is exposed to the consequences of multiple contractions - which are logical today - does not look optimal, in my view.This time, I rate Tesla stock as Hold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154675518,"gmtCreate":1625528366734,"gmtModify":1703742944839,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Good day&nbsp;","listText":"Good day&nbsp;","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/154675518","repostId":"1155435134","repostType":4,"repost":{"id":"1155435134","kind":"news","pubTimestamp":1625483300,"share":"https://ttm.financial/m/news/1155435134?lang=&edition=fundamental","pubTime":"2021-07-05 19:08","market":"hk","language":"en","title":"What Does the End of the Quarter Mean for Portfolio Management?","url":"https://stock-news.laohu8.com/highlight/detail?id=1155435134","media":"investopedia","summary":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the","content":"<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.</p>\n<p>There's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.</p>\n<p>Even if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.</p>\n<p>Rebalancing a Portfolio</p>\n<p>Rebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.</p>\n<p>KEY TAKEAWAYS</p>\n<ul>\n <li>The end of the three-month period known as a financial quarter is considered an important time for investors.</li>\n <li>Companies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.</li>\n <li>Both retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.</li>\n</ul>\n<p>Traditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.</p>\n<p>Institutional Investors and Rebalancing</p>\n<p>It is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3</p>\n<p>There are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.</p>\n<p>Active funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.</p>","source":"lsy1606203311635","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>What Does the End of the Quarter Mean for Portfolio Management?</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\">\nWhat Does the End of the Quarter Mean for Portfolio Management?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 19:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral><strong>investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and ...</p>\n\n<a href=\"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155435134","content_text":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.\nThere's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.\nEven if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.\nRebalancing a Portfolio\nRebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.\nKEY TAKEAWAYS\n\nThe end of the three-month period known as a financial quarter is considered an important time for investors.\nCompanies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.\nBoth retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.\n\nTraditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.\nInstitutional Investors and Rebalancing\nIt is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3\nThere are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.\nActive funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086025136,"gmtCreate":1650407333580,"gmtModify":1676534713698,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086025136","repostId":"2228999400","repostType":4,"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932762694,"gmtCreate":1662994069918,"gmtModify":1676537178613,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Not sure","listText":"Not sure","text":"Not sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9932762694","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150542092,"gmtCreate":1624922982216,"gmtModify":1703847833733,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150542092","repostId":"2147837316","repostType":4,"repost":{"id":"2147837316","kind":"highlight","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":1624921533,"share":"https://ttm.financial/m/news/2147837316?lang=&edition=fundamental","pubTime":"2021-06-29 07:05","market":"us","language":"en","title":"Tech stock rally sends S&P and Nasdaq to record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2147837316","media":"Reuters","summary":" - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.The S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.In contrast, cycl","content":"<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stock rally sends S&P and Nasdaq to record highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stock rally sends S&P and Nasdaq to record highs\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\">2021-06-29 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","QQQ":"纳指100ETF","PSQ":"纳指反向ETF","NDAQ":"纳斯达克OMX交易所",".IXIC":"NASDAQ Composite","TWTR":"Twitter","NFLX":"奈飞","WBA":"沃尔格林联合博姿","QLD":"纳指两倍做多ETF",".SPX":"S&P 500 Index","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF","MU":"美光科技","QID":"纳指两倍做空ETF","NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147837316","content_text":"(Reuters) - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.\nBig tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.\nThe S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.\nIn contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&P 500, down by 0.81% and 3.33%, respectively.\n“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.\nStovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&P 500 companies is expected to top 60%.\nThe Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.\nBoth the S&P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.\n“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.\nFacebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.\nOn the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.\nWith the S&P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.\nOn the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.\nThe S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.\nVolume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112540821,"gmtCreate":1622892009363,"gmtModify":1704193054570,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/112540821","repostId":"1160563289","repostType":4,"repost":{"id":"1160563289","kind":"news","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":1622864224,"share":"https://ttm.financial/m/news/1160563289?lang=&edition=fundamental","pubTime":"2021-06-05 11:37","market":"us","language":"en","title":"FTSE Russell removed GameStop from the small-cap index","url":"https://stock-news.laohu8.com/highlight/detail?id=1160563289","media":"Tiger Newspress","summary":"FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in ","content":"<p>FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in the Russell U.S. index.</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>FTSE Russell removed GameStop from the small-cap index</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\">\nFTSE Russell removed GameStop from the small-cap index\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\">2021-06-05 11:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in the Russell U.S. index.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","IWM":"罗素2000指数ETF","JPM":"摩根大通","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160563289","content_text":"FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in the Russell U.S. index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910120034,"gmtCreate":1663579893429,"gmtModify":1676537294712,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Big short&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Big short&nbsp;","text":"$Tesla Motors(TSLA)$Big short","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9910120034","isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189371894,"gmtCreate":1623246734918,"gmtModify":1704199247442,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Omg&nbsp;","listText":"Omg&nbsp;","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189371894","repostId":"1160502671","repostType":4,"repost":{"id":"1160502671","kind":"news","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":1623245688,"share":"https://ttm.financial/m/news/1160502671?lang=&edition=fundamental","pubTime":"2021-06-09 21:34","market":"us","language":"en","title":"Stocks drift higher at open, S&P 500 trades just under record","url":"https://stock-news.laohu8.com/highlight/detail?id=1160502671","media":"Tiger Newspress","summary":"(June 9) Stock futures traded flat on Wednesday as Wall Street appeared range-bound near record leve","content":"<p>(June 9)&nbsp;Stock futures traded flat on Wednesday as Wall Street appeared range-bound near record levels.</p>\n<p>Futures tied to the Dow Jones Industrial Average rose 3 points. S&amp;P 500 futures added nearly 0.2%, while Nasdaq 100 futures gained 0.4%.</p>\n<p>Trading was quiet in the premarket though reopening plays like Carnival Corp. and American Airlines gained.</p>\n<p>Meme stock maniawas set to continue Wednesdaywith day traders now focusing their attention onClover Health. The stock was up another 23% in premarket trading following an 85% rally on Tuesday amid explosive trading volumes.</p>\n<p>Wendy’s, another name popular among Reddit traders, gained 25% Tuesday and was higher again in premarket trading Wednesday.</p>\n<p>TheS&amp;P 500and the blue-chipDowboth closed near the flatline on Tuesday. The broad equity benchmark is now just 0.3% below its record high of 4,238.04 reached on May 7.&nbsp;Investors await the next reading on inflation to gauge if higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.</p>\n<p>“US stocks have largely been stuck in a range since mid-April and don’t seem likely to be breaking out anytime soon,” Edward Moya, senior market analyst at Oanda, said in a note.&nbsp;“Investors want to see how hot pricing pressures get and how much downside in equities will occur once the Fed’s taper tantrum begins.”</p>\n<p>The consumer price index for May is set to be released Thursday. Economists are expecting the CPI to rise 4.7% from a year earlier, according to Dow Jones. In April, the CPI increased 4.2% on an annual basis, the fastest rise since 2008.</p>\n<p>Many on Wall Street believe the latest meme stock episode should stay contained to a handful of names, unlike theGameStoptrading frenzy in January that had an impact on the broader stock market.</p>\n<p>“Given the low risk of a broad contagion, we view the fallout of the recent short squeeze to be</p>\n<p>limited,” Maneesh Deshpande, global head of equity derivatives strategy at Barclays, said in a note. “The current short squeeze is more localized probably because the number of stocks with high short interest has come down dramatically.”</p>\n<p>On the data front, job openings in April&nbsp;soared to a new record high, with 9.3 million vacancies coming online amid the economic recovery.</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>Stocks drift higher at open, S&P 500 trades just under record</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\">\nStocks drift higher at open, S&P 500 trades just under record\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\">2021-06-09 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(June 9)&nbsp;Stock futures traded flat on Wednesday as Wall Street appeared range-bound near record levels.</p>\n<p>Futures tied to the Dow Jones Industrial Average rose 3 points. S&amp;P 500 futures added nearly 0.2%, while Nasdaq 100 futures gained 0.4%.</p>\n<p>Trading was quiet in the premarket though reopening plays like Carnival Corp. and American Airlines gained.</p>\n<p>Meme stock maniawas set to continue Wednesdaywith day traders now focusing their attention onClover Health. The stock was up another 23% in premarket trading following an 85% rally on Tuesday amid explosive trading volumes.</p>\n<p>Wendy’s, another name popular among Reddit traders, gained 25% Tuesday and was higher again in premarket trading Wednesday.</p>\n<p>TheS&amp;P 500and the blue-chipDowboth closed near the flatline on Tuesday. The broad equity benchmark is now just 0.3% below its record high of 4,238.04 reached on May 7.&nbsp;Investors await the next reading on inflation to gauge if higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.</p>\n<p>“US stocks have largely been stuck in a range since mid-April and don’t seem likely to be breaking out anytime soon,” Edward Moya, senior market analyst at Oanda, said in a note.&nbsp;“Investors want to see how hot pricing pressures get and how much downside in equities will occur once the Fed’s taper tantrum begins.”</p>\n<p>The consumer price index for May is set to be released Thursday. Economists are expecting the CPI to rise 4.7% from a year earlier, according to Dow Jones. In April, the CPI increased 4.2% on an annual basis, the fastest rise since 2008.</p>\n<p>Many on Wall Street believe the latest meme stock episode should stay contained to a handful of names, unlike theGameStoptrading frenzy in January that had an impact on the broader stock market.</p>\n<p>“Given the low risk of a broad contagion, we view the fallout of the recent short squeeze to be</p>\n<p>limited,” Maneesh Deshpande, global head of equity derivatives strategy at Barclays, said in a note. “The current short squeeze is more localized probably because the number of stocks with high short interest has come down dramatically.”</p>\n<p>On the data front, job openings in April&nbsp;soared to a new record high, with 9.3 million vacancies coming online amid the economic recovery.</p>\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","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160502671","content_text":"(June 9) Stock futures traded flat on Wednesday as Wall Street appeared range-bound near record levels.\nFutures tied to the Dow Jones Industrial Average rose 3 points. S&P 500 futures added nearly 0.2%, while Nasdaq 100 futures gained 0.4%.\nTrading was quiet in the premarket though reopening plays like Carnival Corp. and American Airlines gained.\nMeme stock maniawas set to continue Wednesdaywith day traders now focusing their attention onClover Health. The stock was up another 23% in premarket trading following an 85% rally on Tuesday amid explosive trading volumes.\nWendy’s, another name popular among Reddit traders, gained 25% Tuesday and was higher again in premarket trading Wednesday.\nTheS&P 500and the blue-chipDowboth closed near the flatline on Tuesday. The broad equity benchmark is now just 0.3% below its record high of 4,238.04 reached on May 7. Investors await the next reading on inflation to gauge if higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.\n“US stocks have largely been stuck in a range since mid-April and don’t seem likely to be breaking out anytime soon,” Edward Moya, senior market analyst at Oanda, said in a note. “Investors want to see how hot pricing pressures get and how much downside in equities will occur once the Fed’s taper tantrum begins.”\nThe consumer price index for May is set to be released Thursday. Economists are expecting the CPI to rise 4.7% from a year earlier, according to Dow Jones. In April, the CPI increased 4.2% on an annual basis, the fastest rise since 2008.\nMany on Wall Street believe the latest meme stock episode should stay contained to a handful of names, unlike theGameStoptrading frenzy in January that had an impact on the broader stock market.\n“Given the low risk of a broad contagion, we view the fallout of the recent short squeeze to be\nlimited,” Maneesh Deshpande, global head of equity derivatives strategy at Barclays, said in a note. “The current short squeeze is more localized probably because the number of stocks with high short interest has come down dramatically.”\nOn the data front, job openings in April soared to a new record high, with 9.3 million vacancies coming online amid the economic recovery.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022764729,"gmtCreate":1653582802361,"gmtModify":1676535308704,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>701","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>701","text":"$Tesla Motors(TSLA)$701","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022764729","isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151677962,"gmtCreate":1625092127256,"gmtModify":1703735799243,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151677962","repostId":"2147792812","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119178127,"gmtCreate":1622532109069,"gmtModify":1704185737083,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119178127","repostId":"1182311628","repostType":4,"repost":{"id":"1182311628","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1622529664,"share":"https://ttm.financial/m/news/1182311628?lang=&edition=fundamental","pubTime":"2021-06-01 14:41","market":"us","language":"en","title":"AMD Scores Tesla As A Customer: What You Need To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1182311628","media":"Benzinga","summary":"Advanced Micro Devices Inc. has confirmed that infotainment systems in the newly updated Tesla Inc. ","content":"<p><b>Advanced Micro Devices Inc.</b>&nbsp;has confirmed that infotainment systems in the newly updated&nbsp;<b>Tesla Inc.</b>&nbsp;Model S and Model X vehicles will use its processors and graphics chips.</p>\n<p><b>What Happened</b>: The infotainment systems in the two vehicles will be powered by an AMD Ryzen Embedded APU and an AMD RDNA 2 architecture-based GPU that enables AAA gaming, AMD announced at Computex 2021 on Monday.</p>\n<p><b>Why It Matters:</b>The newly refreshed Model S and X vehicles will bring several enhancements, including the 17-inch landscape touchscreen upfront and an 8-inch secondary display for passengers in the back.</p>\n<p>It was&nbsp;speculated&nbsp;in February that Tesla may use AMD GPU in the new Model S and X vehicles for gaming. The new gaming computer will have 10 teraflops of gaming power, which is on par with the new PlayStation 5.</p>\n<p>Tesla CEO Elon Musk had claimed in January that the new infotainment systems in the Model S and X would be able to play \"Cyberpunk 2077,\" a game that was released last year and requires a powerful system to run.</p>\n<p>AMD supplies the chips found in prominent game consoles such as&nbsp;<b>Sony Group Corp.’s</b>&nbsp;PlayStation and&nbsp;<b>Microsoft Corp.’s</b>&nbsp;Xbox. The majority of the company’s sales are in the personal computer and data center markets via CPUs and GPUs.</p>\n<p>AMD’s confirmation that it has gained Tesla as a customer comes after it was reported in May that the chipmaker recorded its&nbsp;highest ever market share gain&nbsp;in the server market against rival&nbsp;<b>Intel Corp</b>.&nbsp;in fifteen years.</p>\n<p><b>Price Action</b>: AMD shares closed 2.1% higher on Friday at $80.08, while Tesla shares closed 0.9% lower on the same day at $625.22.</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>AMD Scores Tesla As A Customer: What You Need To Know</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\">\nAMD Scores Tesla As A Customer: What You Need To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-01 14:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Advanced Micro Devices Inc.</b>&nbsp;has confirmed that infotainment systems in the newly updated&nbsp;<b>Tesla Inc.</b>&nbsp;Model S and Model X vehicles will use its processors and graphics chips.</p>\n<p><b>What Happened</b>: The infotainment systems in the two vehicles will be powered by an AMD Ryzen Embedded APU and an AMD RDNA 2 architecture-based GPU that enables AAA gaming, AMD announced at Computex 2021 on Monday.</p>\n<p><b>Why It Matters:</b>The newly refreshed Model S and X vehicles will bring several enhancements, including the 17-inch landscape touchscreen upfront and an 8-inch secondary display for passengers in the back.</p>\n<p>It was&nbsp;speculated&nbsp;in February that Tesla may use AMD GPU in the new Model S and X vehicles for gaming. The new gaming computer will have 10 teraflops of gaming power, which is on par with the new PlayStation 5.</p>\n<p>Tesla CEO Elon Musk had claimed in January that the new infotainment systems in the Model S and X would be able to play \"Cyberpunk 2077,\" a game that was released last year and requires a powerful system to run.</p>\n<p>AMD supplies the chips found in prominent game consoles such as&nbsp;<b>Sony Group Corp.’s</b>&nbsp;PlayStation and&nbsp;<b>Microsoft Corp.’s</b>&nbsp;Xbox. The majority of the company’s sales are in the personal computer and data center markets via CPUs and GPUs.</p>\n<p>AMD’s confirmation that it has gained Tesla as a customer comes after it was reported in May that the chipmaker recorded its&nbsp;highest ever market share gain&nbsp;in the server market against rival&nbsp;<b>Intel Corp</b>.&nbsp;in fifteen years.</p>\n<p><b>Price Action</b>: AMD shares closed 2.1% higher on Friday at $80.08, while Tesla shares closed 0.9% lower on the same day at $625.22.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AMD":"美国超微公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182311628","content_text":"Advanced Micro Devices Inc. has confirmed that infotainment systems in the newly updated Tesla Inc. Model S and Model X vehicles will use its processors and graphics chips.\nWhat Happened: The infotainment systems in the two vehicles will be powered by an AMD Ryzen Embedded APU and an AMD RDNA 2 architecture-based GPU that enables AAA gaming, AMD announced at Computex 2021 on Monday.\nWhy It Matters:The newly refreshed Model S and X vehicles will bring several enhancements, including the 17-inch landscape touchscreen upfront and an 8-inch secondary display for passengers in the back.\nIt was speculated in February that Tesla may use AMD GPU in the new Model S and X vehicles for gaming. The new gaming computer will have 10 teraflops of gaming power, which is on par with the new PlayStation 5.\nTesla CEO Elon Musk had claimed in January that the new infotainment systems in the Model S and X would be able to play \"Cyberpunk 2077,\" a game that was released last year and requires a powerful system to run.\nAMD supplies the chips found in prominent game consoles such as Sony Group Corp.’s PlayStation and Microsoft Corp.’s Xbox. The majority of the company’s sales are in the personal computer and data center markets via CPUs and GPUs.\nAMD’s confirmation that it has gained Tesla as a customer comes after it was reported in May that the chipmaker recorded its highest ever market share gain in the server market against rival Intel Corp. in fifteen years.\nPrice Action: AMD shares closed 2.1% higher on Friday at $80.08, while Tesla shares closed 0.9% lower on the same day at $625.22.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904092802,"gmtCreate":1659954098708,"gmtModify":1703476331988,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Another trap?&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Another trap?&nbsp;","text":"$Tesla Motors(TSLA)$Another trap?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904092802","isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148637759,"gmtCreate":1625970718871,"gmtModify":1703751406684,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Good day","listText":"Good day","text":"Good day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148637759","isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126599056,"gmtCreate":1624577882075,"gmtModify":1703840623492,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126599056","repostId":"1149719439","repostType":4,"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111848322,"gmtCreate":1622676774666,"gmtModify":1704188573871,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"Amazing stock&nbsp;","listText":"Amazing stock&nbsp;","text":"Amazing stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111848322","repostId":"1110280969","repostType":4,"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111841929,"gmtCreate":1622676748061,"gmtModify":1704188572235,"author":{"id":"3585048303831970","authorId":"3585048303831970","name":"THOMAX","avatar":"https://static.tigerbbs.com/7d3eb5c895e7d95e8defa6b9b43ef97f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585048303831970","authorIdStr":"3585048303831970"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111841929","repostId":"1110280969","repostType":4,"repost":{"id":"1110280969","kind":"news","pubTimestamp":1622647352,"share":"https://ttm.financial/m/news/1110280969?lang=&edition=fundamental","pubTime":"2021-06-02 23:22","market":"us","language":"en","title":"Tesla files trademark, hinting at Elon Musk’s restaurant concept plans","url":"https://stock-news.laohu8.com/highlight/detail?id=1110280969","media":"TechCrunch","summary":"Image Credits: Tesla\nTesla has recently filed a new trademark for its brand under restaurant service","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/635ff67891ae232f0bd7f78c48d91ae0\" tg-width=\"1390\" tg-height=\"902\"><span>Image Credits: Tesla</span></p>\n<p>Tesla has recently&nbsp;filed a new trademark&nbsp;for its brand under restaurant services, a sign the company might be finally gearing up to deliver on an idea that CEO Elon Musk and other company executives have discussed publicly since at least 2017.</p>\n<p>The company applied for three new trademarks that will cover the categories of: “Restaurant services, pop-up restaurant services, self-service restaurant services, take-out restaurant services, according to the May 27 filing with the United States Patent and Trademark Office that was first&nbsp;reported by Electrek. The application is awaiting examination and will be reviewed by an attorney around August 27.</p>\n<p>You might be thinking, how does the restaurant industry fit in with the world’s most influential luxury electric car company? Let’s take it back to 2017, when then-CTO JB Straubel said at&nbsp;a&nbsp;FSTEC restaurant-technology conference&nbsp;that the company might move into the restaurant business. The idea was to turn EV charging stations into full-service convenience stores that also serve food. Tesla has tried out a scaled down version of that idea by creating lounges like the one at its Kettleman City, California Supercharger station.</p>\n<p>Tesla CEO Elon Musk then expanded upon the convenience store idea and tossed out on Twitter — as he does — a restaurant concept.&nbsp;“Gonna put an old school drive-in, roller skates &amp; rock restaurant at one of the new Tesla Supercharger locations in LA.”</p>\n<p><img src=\"https://static.tigerbbs.com/101d08e1bbe2103209870030ff729c98\" tg-width=\"833\" tg-height=\"347\"></p>\n<p>A few months later, Tesla did in fact apply for a restaurant and supercharger station, but has been relatively quiet about the potential business venture since. The company,which recently dissolved its communications team, did not respond to requests for more information on Tesla’s plans to open a restaurant charging station, or whether other restaurants would be able to use the logo to create a similar business model.</p>\n<p>Tesla’s iconic ‘T’ logo is featured on the USTPO application to be trademarked for use by restaurants. The company also applied for trademarks for the word ‘Tesla’ itself, as well as a stylized version of the word.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7bded90a182678302d65b69ffd36188d\" tg-width=\"320\" tg-height=\"133\"><span>Tesla applied for a trademark under restaurant services for a stylized version of the company name.</span></p>\n<p>With this filing, it looks like Tesla might be taking the necessary steps to move forwards with Musk’s plans to create a Sonic-meets-fueling station. This is not the first time the restaurant industry and the auto industry have collided. The Michelin Guide, in which the loss or acquisition of a star might make or break a restaurant, was originally compiled in 1900 by brothers Andre and Edouard Michelin who wanted to create demand for automobiles, and therefore, the tires they manufactured. So they created an extensive guide of restaurants and hotels, as well as mechanics and gas stations along the way, so people might be encouraged to use their newfound mobility to explore their taste buds and the world.</p>\n<p>Tesla’s supercharger restaurant isn’t quite as revolutionary as that, but it does invite creativity to the EV game by providing people with another incentive structure to purchase a new vehicle – even if that incentive is only to appear trendy while basking in the nostalgic glow of the past. And who knows, maybe the waiters will serve up burgers on electric roller skates, too.</p>","source":"lsy1602557183277","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>Tesla files trademark, hinting at Elon Musk’s restaurant concept plans</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\">\nTesla files trademark, hinting at Elon Musk’s restaurant concept plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://techcrunch.com/2021/06/01/tesla-files-trademark-hinting-at-elon-musks-restaurant-concept-plans/><strong>TechCrunch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Image Credits: Tesla\nTesla has recently filed a new trademark for its brand under restaurant services, a sign the company might be finally gearing up to deliver on an idea that CEO Elon Musk and other...</p>\n\n<a href=\"https://techcrunch.com/2021/06/01/tesla-files-trademark-hinting-at-elon-musks-restaurant-concept-plans/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://techcrunch.com/2021/06/01/tesla-files-trademark-hinting-at-elon-musks-restaurant-concept-plans/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110280969","content_text":"Image Credits: Tesla\nTesla has recently filed a new trademark for its brand under restaurant services, a sign the company might be finally gearing up to deliver on an idea that CEO Elon Musk and other company executives have discussed publicly since at least 2017.\nThe company applied for three new trademarks that will cover the categories of: “Restaurant services, pop-up restaurant services, self-service restaurant services, take-out restaurant services, according to the May 27 filing with the United States Patent and Trademark Office that was first reported by Electrek. The application is awaiting examination and will be reviewed by an attorney around August 27.\nYou might be thinking, how does the restaurant industry fit in with the world’s most influential luxury electric car company? Let’s take it back to 2017, when then-CTO JB Straubel said at a FSTEC restaurant-technology conference that the company might move into the restaurant business. The idea was to turn EV charging stations into full-service convenience stores that also serve food. Tesla has tried out a scaled down version of that idea by creating lounges like the one at its Kettleman City, California Supercharger station.\nTesla CEO Elon Musk then expanded upon the convenience store idea and tossed out on Twitter — as he does — a restaurant concept. “Gonna put an old school drive-in, roller skates & rock restaurant at one of the new Tesla Supercharger locations in LA.”\n\nA few months later, Tesla did in fact apply for a restaurant and supercharger station, but has been relatively quiet about the potential business venture since. The company,which recently dissolved its communications team, did not respond to requests for more information on Tesla’s plans to open a restaurant charging station, or whether other restaurants would be able to use the logo to create a similar business model.\nTesla’s iconic ‘T’ logo is featured on the USTPO application to be trademarked for use by restaurants. The company also applied for trademarks for the word ‘Tesla’ itself, as well as a stylized version of the word.\nTesla applied for a trademark under restaurant services for a stylized version of the company name.\nWith this filing, it looks like Tesla might be taking the necessary steps to move forwards with Musk’s plans to create a Sonic-meets-fueling station. This is not the first time the restaurant industry and the auto industry have collided. The Michelin Guide, in which the loss or acquisition of a star might make or break a restaurant, was originally compiled in 1900 by brothers Andre and Edouard Michelin who wanted to create demand for automobiles, and therefore, the tires they manufactured. So they created an extensive guide of restaurants and hotels, as well as mechanics and gas stations along the way, so people might be encouraged to use their newfound mobility to explore their taste buds and the world.\nTesla’s supercharger restaurant isn’t quite as revolutionary as that, but it does invite creativity to the EV game by providing people with another incentive structure to purchase a new vehicle – even if that incentive is only to appear trendy while basking in the nostalgic glow of the past. And who knows, maybe the waiters will serve up burgers on electric roller skates, too.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}