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2021-06-24

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Futures Jump To All Time Highs Ahead Of Fed Speaker, Econ Data Frenzy

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First Solar climbed as the U.S. was said to be on the verge of barring some solar products made in China’s Xinjiang region. Mega-cap tech names Alphabet, Nvidia, Microsoft, Netflix and Facebook also gained between 0.4% and 0.6%, setting the Nasdaq for a record open. MGM Resorts International rose 2.7% after Deutsche Bank upgraded the casino operator’s stock to “buy” from “hold”.</p>\n<p>Here are some of the biggest U.S. movers today:</p>\n<ul>\n <li>Retail trader favorites gain in premarket trading with Clover Health (CLOV) rising 5.5% and Sundial (SNDL) gaining 6%.</li>\n <li>Daqo New Energy (DQ) drops 6.8% and JinkoSolar (JKS) slides 1.5% with the U.S. poised to block some solar products made in China’s Xinjiang region.</li>\n <li>Information technology services provider DHI Group (DHX) surges 18% after the company’s board authorized a stock buyback program of up to $12 million.</li>\n <li>India Globalization Capital (IGC) rallies 35% after announcing it completed the final cohort of its Phase 1 clinical trial on its tetrahydrocannabinol drug, intended to alleviate Alzheimer’s disease symptoms.</li>\n</ul>\n<p>So far this week, the value index, which includes economy-linked energy, financial and industrial stocks, and its tech-heavy growth counterpart are both up almost 1.8% following the Federal Reserve’s hawkish forecast from a week ago.</p>\n<p>On Wednesday, Dallas Fed President Robert Kaplan said the economy will likely meet the Fed’s threshold for tapering asset purchases sooner than people think, while his Atlanta peer Raphael Bostic said the central bank could decide to slow such purchases in the next few months. Despite the ongoing hawkish commentary, markets pushed higher realizing that the Fed can never again let stocks drop or else the entire ponzi scheme risks collapsing.</p>\n<p>Indeed, stock buyers have shaken off the hawkish turn by the Federal Reserve and are now viewing it as a way to bring inflation under control, according to Sebastien Galy, a Luxembourg-based strategist at Nordea Investment Funds.</p>\n<p><b>\"The interesting development over the past few days suggests that the markets are in a temporary stasis buying on dips as the fear of missing out prevails,\"</b>said Sebastien Galy, senior macro strategist at Nordea Asset Management. “<b>This is evident in the rotation into growth stocks which makes little sense in a time of likely rising interest rates as they are quite leveraged, though not all</b>.\" Still, Galy concluded that&nbsp; “we expect equity markets to continue to rebound in the coming weeks.\"</p>\n<p>In Europe, the Stoxx 600 Index gained 0.7%, led by the banking, hospitality and tech sectors. L’Oreal rose 2%, approaching an all-time high reached last week. Vodafone dropped 3.2% after its shares went ex-dividend. Here are some of the biggest European movers today:</p>\n<ul>\n <li>Tecan shares rise as much as 16% to a record after the Swiss company said it will buy Paramit, a U.S. developer of medical devices and life science instruments, for $1b. The deal is Tecan’s biggest ever, according to Berenberg.</li>\n <li>Next Fifteen soars as much as 13% to a record as a trading update prompts price target upgrades from Peel Hunt and Berenberg.</li>\n <li>BioArctic rises as much as 13% in the stock’s steepest intraday advance since June 7 after the U.S. FDA granted Breakthrough Therapy designation for lecanemab, an investigational anti-amyloid beta protofibril antibody for the treatment of Alzheimer’s disease.</li>\n <li>Crest Nicholson adds as much as 5.3% with analysts saying the homebuilder’s 1H results show trading remains strong and that it is making progress on its turnaround.</li>\n <li>Vifor Pharma Group falls as much as 4.5% after the pharmaceutical company revised the endpoints of one of its clinical trials as the pandemic affected enrollment.</li>\n <li>BT drops as much as 1.4% following the telecom operator’s enterprise business briefing, with UBS flagging ongoing headwinds, despite co. being “upbeat” on prospects for growth in the U.K. enterprise market.</li>\n</ul>\n<p>Also in Europe, the euro shrugged off a stronger-than- forecast German Ifo business confidence survey to stay little changed. Germany's Ifo business climate index increased to 101.8 in June, well ahead of expectations.</p>\n<p><img src=\"https://static.tigerbbs.com/bdfdd0481a62c52800df2793649454fe\" tg-width=\"500\" tg-height=\"243\" referrerpolicy=\"no-referrer\">The improvement was primarily driven by a better assessment of the current business environment, consistent with high-frequency data and the current conditions gauges across other surveys. Across sectors, services and trade saw the strongest acceleration in momentum as the reopening of Germany's economy gathered pace. Similarly, the Insee index measuring France's business conditions rose to 113.0 in June, also beating expectations, with gains concentrated in services and retail trade. Overall, the national surveys for June are consistent with our forecast of a strong rebound in economic activity in the second and third quarters.</p>\n<p><img src=\"https://static.tigerbbs.com/7a08b168f0fd0f3b6a254b8ad48455a6\" tg-width=\"749\" tg-height=\"755\" referrerpolicy=\"no-referrer\">Earlier in the session, Asian&nbsp;stocks posted modest gains, supported by gains in Hong Kong, South Korea and India as investors assessed the latest remarks by Fed officials about the outlook for tapering measures. The MSCI&nbsp;Asia&nbsp;Pacific Index rose 0.1%, after dropping as much as 0.1%. India’s key stock gauges advanced to hold near recent record highs, with the country’s faster vaccination campaign continuing to boost investor sentiment.<b>China’s CSI 300 Index also climbed. The country’s central bank increased its injection of short-term cash into the financial system for the first time since March amid rising demand for liquidity.</b>Meanwhile, Thailand’s shares were among the worst performers in the region as pro-democracy protests returned to the streets and the central bank on Wednesday lowered its economic-growth outlook. “The overall picture is less dovish than it was,” said Ilya Spivak, head&nbsp;Asia&nbsp;Pacific strategist at DailyFX. “The APAC region is more sensitive, and we will see more volatility and downside risk because of companies’ exposure to dollar-denominated credit costs.” A gauge of 10-day historical volatility for shares has started flattening out after a spike following the Fed’s hawkish pivot last week. While a strengthening dollar is bad for&nbsp;Asian&nbsp;companies that borrow in the currency, some investors are expecting the region to be supported by longer-term Treasury yields that remain below 1.5% as well as attractive stock valuations. Among sectors, tech and material shares advanced, offsetting declines in defensives such as utilities.</p>\n<p>Key Indian stock gauges advanced to hold near recent all-time highs helped by gains in information technology companies, while the country’s faster vaccination campaign continued to boost investor sentiment. The S&amp;P BSE Sensex rose 0.8% to 52,699 in Mumbai after touching an intraday record of 53,057 on Tuesday. The NSE Nifty 50 Index also gained 0.7% to 15,790.45, near an all-time high reached last week. Eleven of the 19 sector sub-indexes compiled by BSE Ltd. climbed, led by a gauge of information technology companies. “We are in the middle of a bull phase which will last for a very, very long time,” Rakesh Jhunjhunwala, a billionaire investor known locally as India’s Warren Buffett, said in an interview earlier this month. “India will also look lucrative when the U.S. Federal Reserve begins to withdraw stimulus, but there will be short-term disruptions.” Index heavyweight Reliance Industries dropped 2.4% following its annual shareholders’ meeting, where Chairman Mukesh Ambani announced ambitious plans for clean energy as well as the conglomerate’s telecom business. The company’s plans include investing 750 billion rupees in clean energy over three years while it unveiled the much-awaited smartphone that has been co-developed with Alphabet Inc.’s Google. The rally in Indian shares is also being driven by the country’s pace of vaccinations. The Indian government said 6.5 million doses were administered in the 24 hours through Thursday morning, taking the total number of vaccinations to 301.6 million. “Markets are looking comfortable,” said Sandeep Jain, a strategist with Tradeswift Broking.</p>\n<p>In rates, Treasuries price action was choppy overnight, but yields broadly unchanged into early U.S. session with gilts outperforming following Bank of England policy decision. In 10-year sector gilts richer by 3bp vs. Treasuries, where yields sit around 1.487%. Treasury auctions conclude with $62b 7-year note sale at 1pm ET, follows solid 2- and 5-year auctions this week. WI 7-year yield at 1.26% is 2.5bp richer than May’s stop-out, which traded 0.6bp through. That said, futures volumes during&nbsp;Asia&nbsp;session were just 60% of recent averages.</p>\n<p>“U.S. Treasury yields have stayed close to the lows and the equity market continues to project a path for growth and earnings that is impossibly high in the long-run.” JPMorgan Chase &amp; Co. said it may require employees to be vaccinated against Covid-19 as Wall Street’s biggest banks ramp up efforts to keep thousands of personnel safe while reopening U.S. workplaces.</p>\n<p>In FX, the Bloomberg Dollar Index fell to a day low in European hours as the greenback lost traction against most of its Group-of-10 peers, though most traded in narrow ranges. Scandinavian currencies led an advance amid a general improvement in risk sentiment; the Norwegian krone advanced as the price of Brent oil rose a second day. The euro shrugged off a stronger-than- forecast German Ifo business confidence survey to stay little changed. The sharp repricing in the front-end of the euro’s volatility skew makes case for the common currency to extend its rebound, possibly toward the $1.20 level. The pound swung to a gain against the greenback before the Bank of England meeting, with investors watching for any signs of the central bank shifting its messaging on inflation risks, even as it’s seen standing pat on interest rates at its meeting later on Thursday: see Decision Guide. The yen edged down to another 15-month low after weakening beyond 111 per dollar on Wednesday before erasing losses on demand over the Tokyo fixing.<b>South Korea’s won rose after central bank Governor&nbsp;Lee Ju-yeolsignaled interest-rate increases are in the pipeline.</b></p>\n<p>In commodities, it was a relatively uneventful and uninspiring session for the crude space thus far with WTI and Brent August’21 futures somewhat choppy throughout the morning but very much rangebound after flat APAC trade. The benchmarks post gains of 0.10/bbl and are around the mid-point of today’s range which is much more contained than the parameters of yesterday’s session, for instance. Fresh newsflow explicitly for the complex has been light and as such its very much a case of waiting for next week’s OPEC+ gathering given the weeks source reports and updates on the geopolitical front.<b>On this, attention around Iran is heightened as the IAEA agreement expires today ahead of a reported resumption in nuclear talks with the US from next week.</b></p>\n<p>Spot gold and silver have been firmer but remain in close proximity to unchanged levels deriving some impetus from the downbeat USD once again though upside is perhaps capped as yields are slightly higher. Base metals are pressured this morning with increasing attention on commodities broadly in China given inflation concerns. Elsewhere, UBS looks for a copper recovery in the next 6-12 months believing the market could be undersupplied by 603k/T and 461k/T in 2021 and 2022 respectively; for context, Glencore’s CEO said.</p>\n<p>Looking at the day ahead now, there are an array of central bank events, including the Bank of England’s monetary policy decision (discussed here),the release of the ECB’s Economic Bulletin, along with remarks from the Fed’s<b>Barkin, Bostic, Harker, Williams, Bullard and Kaplan</b>, and the ECB’s Panetta and Schnabel. Data releases from the US include the third estimate of Q1 GDP, the weekly initial jobless claims, the preliminary May reading for durable goods orders and the Kansas City Fed’s manufacturing index for June. Weekly initial jobless claims are expected to move back below 400,000 after last week’s surprise pop higher. This morning’s number may also show the impact of the gradual withdrawal of enhanced unemployment benefits from June 12 in some states.&nbsp; At 430pm the Federal Reserve will release its latest stress test results when markets close, with the big six banks expected to pass — paving the way for increased dividends and share buybacks.</p>\n<p><b>Market Snapshot</b></p>\n<ul>\n <li>S&amp;P 500 futures up 0.4% to 4,249.75</li>\n <li>STOXX Europe 600 up 0.6% to 455.82</li>\n <li>German 10Y yield rose 0.6 bps to -0.171%</li>\n <li>Euro little changed at $1.1934</li>\n <li>MXAP little changed at 207.07</li>\n <li>MXAPJ up 0.2% to 695.30</li>\n <li>Nikkei little changed at 28,875.23</li>\n <li>Topix down 0.1% to 1,947.10</li>\n <li>Hang Seng Index up 0.2% to 28,882.46</li>\n <li>Shanghai Composite little changed at 3,566.65</li>\n <li>Sensex up 0.9% to 52,768.91</li>\n <li>Australia S&amp;P/ASX 200 down 0.3% to 7,275.27</li>\n <li>Kospi up 0.3% to 3,286.10</li>\n <li>Brent Futures up 0.6% to $75.65/bbl</li>\n <li>Gold spot up 0.1% to $1,780.92</li>\n <li>U.S. Dollar Index little changed at 91.74</li>\n</ul>\n<p><b>Top Overnight News from Bloomberg</b></p>\n<ul>\n <li>China sued Australia over anti-dumping measures on some Chinese goods, further ratcheting up tensions between the two nations</li>\n <li>Australia &amp; New Zealand Banking Group Ltd. created a global fixed income trading business as part of a move to boost revenues across its franchises</li>\n <li>China’s central bank increased its short-term cash injection for the first time since March as it moved to soothe market concerns about liquidity conditions ahead of the quarter-end</li>\n <li>Advanced economies may need to rely more on fiscal spending if they want to avoid Japan’s fate of being trapped with low inflation and an empty monetary toolkit, according to new research from the ECB</li>\n</ul>\n<p><i>Quick look at global markets courtesy of Newsquawk</i></p>\n<p><b>Asia-Pac bourses saw a mixed and contained session following a lacklustre performance on Wall Street, where the S&amp;P 500 and DJIA closed with modest losses whilst the Nasdaq Composite squeezed out another record close, but off its intraday best of 14,317 for the cash, and 14,315.75 for the NQ.</b>Back to APAC, the ASX 200 (-0.3%) failed to benefit from the strong performance in its tech and mining names, whilst the Nikkei 225 (Unch) remained supported by softness in its currency, but the index is yet to convincingly breach 29k to the upside. The KOSPI (+0.4%) eked mild gains as a rise in June consumer confidence provided some positive omens. Hang Seng (+0.3%) and Shanghai Comp (U/C) traded within recent ranges as the region shrugged off the first increase in the PBoC's liquidity injection since March, albeit modest. In terms of stocks-specifics, Hoshine Silicon Industry shares slumped some 10% after Washington reportedly issued an order that blocks imports of solar panel materials from the Co. Finally, of note for the broader global chip sector, chip-giant TSMC flagged price hikes of 10-20% beginning next year, according to Chinese media. Finally, JGB futures meanwhile trade flat and in tandem with its US and German counterparts.</p>\n<p><i>Top Asian News</i></p>\n<ul>\n <li>Philippines Leaves Key Rate Steady Amid ‘Tentative’ Recovery</li>\n <li>Japan Stands Pat on Economic Assessment as Latest Emergency Ends</li>\n <li>China Sues Australia at WTO Over Tariffs in Hit to Strained Ties</li>\n <li>Iran Poised to Miss Nuclear Monitoring Deadline Clouding Talks</li>\n</ul>\n<p><b>European equities kicked the session off on a firmer footing (Eurostoxx 50 +0.9%) with sentiment bolstered by a marginally better-than-expected German IFO report (Business Climate 101.8 vs. Exp. 100.6) and economists noting that the domestic economy is picking up speed</b>. Stateside, futures have picked up throughout the session (ES +0.4%) in tandem with their European counterparts. In the US, infrastructure talks continue to rumble on, albeit without causing much in the way of intraday price action. The latest updates have noted that a deal on the infrastructure framework has been reached among a bipartisan group of US senators; a meeting between the White House and the bipartisan group has been slated for later today. Back to Europe, sectors are mostly firmer and showing a largely pro-cyclical tilt as Financials, Basic Resources and Autos lead the charge. Travel &amp; Leisure names will be bracing themselves for the latest travel update from the UK, albeit some optimism for the sector has been tempered this week after German Chancellor Merkel urged EU nations to introduce quarantine measures for vaccinated Brits. The most notable corporate update thus far has come from Siemens (-0.5%) who sit at the foot of the DAX with investors unimpressed by its latest strategic blueprint which saw the Co. increase its growth target and launch a EUR 3bln share buyback between 2021-2026. Of note for chip names, reports in Chinese press suggested that TSMC is to hike prices by 10-20% in 2022.</p>\n<p><i>Top European News</i></p>\n<ul>\n <li>London West End Landlord Expects Retail Crisis to Get Even Worse</li>\n <li>Johnson to Convene London Summit as Capital Lags on Vaccines</li>\n <li>German, French Business Confidence Jumps as Lockdowns Ease</li>\n <li>European Insurance Stocks Undervalued, Berenberg Says</li>\n</ul>\n<p><b>In FX,</b>the margins are quite fine, but the Kiwi and Franc are at opposite ends of the G10 table, with Nzd/Usd propped around 0.7050 within circa 0.7070-0.6935 w-t-d extremes, while Usd/Chf hovers nearer the top of its 0.9236-0.9155 range. The former is also outpacing its Antipodean peer ahead of NZ trade data, as the Aud/Nzd cross trades under 1.0750 and Aud/Usd pulls back from nigh on 0.7600 yesterday amidst ongoing Aussie-Chinese trade tensions. On that note, the latest riposte from Beijing has come via the WTO in the form of a lawsuit against Australia over anti-dumping measures. Elsewhere, the Euro is grinding higher vs the Buck in wake of all Ifo survey metrics surpassing expectations and prior readings in June along with relatively upbeat accompanying comments from the German institute, but Eur/Usd remains capped into 1.1950 and perhaps conscious of hefty option expiry interest down below (2 bn running off between 1.1930-20 at the NY cut).</p>\n<ul>\n <li>GBP/JPY - Sterling remains firm as the clock ticks down to high noon on Threadneedle Street, albeit not in great anticipation of a boost from the BoE given consensus for no change in policy or material shift in guidance. However, the MPC is widely tipped to be split on QE again with Haldane retaining his dissenting vote at this final meeting, if not joined by any other hawks – check out the Research Suite for a full preview of the event. Cable is currently straddling 1.3975 and staying technically bullish while above the 100 DMA circa 1.3949, while Eur/Gbp is back beneath 0.8550 and close to Wednesday’s multi-month lows around 0.8530. Meanwhile, the Yen has recovered from another retreat through 111.00 to give more credence to the notion that ample supply resides beyond the round number, and probably on behalf of Japanese exporters looking to hedge exposure. Moreover, option expiries at the 111.30 strike (1.12 bn) may keep Usd/Jpy in check and similar size at 110.75 (1.153 bn) underpinned.</li>\n <li>CAD/USD - The Loonie remains tethered to the 1.2300 handle vs its US rival and still deriving a degree of traction from firm oil prices awaiting Canadian manufacturing sales for potential independent direction, but the Greenback appears more likely to glean fundamental impetus from a packed agenda including prime data, more Fed speakers and 7 year supply. In the interim, chart levels could be key and influential for the DXY as the index holds in a tight range (91.873-700) following its failure to maintain 92.000+ status and midweek shave with 91.500 that is just shy of the 200 DMA.</li>\n</ul>\n<p><b>In commodities,</b>a relatively uneventful and uninspiring session for the crude space thus far with WTI and Brent August’21 futures somewhat choppy throughout the morning but very much rangebound after flat APAC trade. Currently, the benchmarks post gains of circa. USD 0.10/bbl and are around the mid-point of today’s range which is much more contained than the parameters of yesterday’s session, for instance. Fresh newsflow explicitly for the complex has been light and as such its very much a case of waiting for next week’s OPEC+ gathering given the weeks source reports and updates on the geopolitical front. On this, attention around Iran is heightened as the IAEA agreement expires today ahead of a reported resumption in nuclear talks with the US from next week. Moving to metals, spot gold and silver have been erring firmer but remain in close proximity to unchanged levels deriving some impetus from the downbeat USD once again though upside is perhaps capped as yields are slightly higher. Base metals are pressured this morning with increasing attention on commodities broadly in China given inflation concerns. Elsewhere, UBS looks for a copper recovery in the next 6-12 months believing the market could be undersupplied by 603k/T and 461k/T in 2021 and 2022 respectively; for context, Glencore’s CEO said.</p>\n<p><b>US Event Calendar</b></p>\n<ul>\n <li>8:30am: May Durable Goods Orders, est. 2.8%, prior -1.3%; Less Transportation, est. 0.7%, prior 1.0%</li>\n <li>8:30am: 1Q GDP Annualized QoQ, est. 6.4%, prior 6.4%</li>\n <li>8:30am: June Initial Jobless Claims, est. 380,000, prior 412,000; Continuing Claims, est. 3.46m, prior 3.52m</li>\n <li>8:30am: May Advance Goods Trade Balance, est. -$87.5b, prior -$85.2b, revised -$85.7b</li>\n <li>8:30am: May Retail Inventories MoM, est. -0.5%, prior -1.6%, revised -1.8%; Wholesale Inventories MoM, est. 0.8%, prior 0.8%</li>\n <li>11am: June Kansas City Fed Manf. Activity, est. 24, prior 26</li>\n <li>430pm: Federal Reserve releases latest stress test results with all big six banks expected to pass&nbsp; paving the way for increased dividends and share buybacks.</li>\n</ul>\n<p><b>Central Bank Speakers</b></p>\n<ul>\n <li>9am: Fed’s Barkin Speaks During Virtual Event</li>\n <li>9:30am: Fed’s Bostic and Harker Speak on Monetary Policy Panel</li>\n <li>11am: Fed’s Williams Takes Part in Moderated Discussion</li>\n <li>1pm: Fed’s Kaplan Discusses Economy</li>\n <li>1pm: Fed’s Bullard Discusses Outlook for Economy and Monetary...</li>\n <li>4pm: Fed’s Barkin Speaks During Virtual Event</li>\n</ul>\n<p><b>DB's Jim Reid concludes the overnight wrap</b></p>\n<p>As investors digested an array of economic data and central bank speakers yesterday, US equities spent the day trading around their all-time records and Treasury yields moved higher as markets continued to readjust following last week’s selloff in various assets. In fact, for some areas it was as though last week’s moves had never happened, since although inflation expectations moved sharply lower straight after the Fed’s hawkish shift a week ago, with 10yr breakevens down to 2.24% by the close on Friday, they’ve since recovered +11.2bps over the 3 days this week to put them roughly back in line with where they were in the week before the Fed meeting. It was a similar story for equities, with the NASDAQ (+0.13%) eking out a gain to hit another all-time high, whilst the S&amp;P 500 (-0.11%) slipped back slightly, but still remained less than 0.5% away from its record close last week. So overall, markets for now seem to be more relaxed again about the Fed and inflation risks, even if they’re still pricing in a faster hiking cycle than the Fed themselves indicated in the dots last week.</p>\n<p>Paradoxically, the bigger risk-off moves came in Europe yesterday, where the STOXX 600 fell -0.73% in spite of some decent flash PMI reports from across the continent. To run through those, the Euro Area composite PMI came in at an above-expected 59.2 (vs. 58.8 expected), which marked the strongest pace of growth seen in 15 years for the single-currency bloc. That increase came as the services PMI rebounded strongly, climbing to 58.0 as expected (from 55.2 last month), whilst the manufacturing PMI remained unchanged from last month at 63.1. Germany in particular outperformed expectations, with their composite PMI up to 60.4, (vs. 57.6 expected) which is its highest since March 2011, whereas France slightly underwhelmed as the composite PMI only rose to 57.1 (vs. 59.0 expected). That said, inflation continued to be a notable theme and the PMIs pointed to noticeable price pressures in the Euro Area for both services and manufacturing.</p>\n<p>Speaking of price pressures, yesterday marked another strong session for commodities as they were another asset class that continued to put last week’s selloff behind them. In fact by the close, Brent crude (+0.51%) hit a fresh 2-year high of $75.19/bbl, while WTI (+0.03%) was just short of its own recent high. The continued gains for oil come amidst a tightening market, with the EIA in the US reporting that crude oil inventories fell -7.61m barrels, which is the 5th consecutive weekly decline, just as various economies are reopening again in light of the vaccine rollout. Other commodities also made gains in addition to oil, with metals including copper (+2.38%) rising on the day, along with agricultural prices such as corn (+0.68%) and wheat (+1.57%).</p>\n<p>Overnight in Asia, markets are trading mixed with the Nikkei (+0.16%) and Kospi (+0.41%) advancing, the Hang Seng (+0.04%) currently flat and the Shanghai Comp (-0.15%) moving lower. There were also fresh headlines on the US-China relationship, as Bloomberg reported the US is likely to impose a ban on some Chinese solar products made in the region of Xinjiang where China has been accused of committing human rights abuses. Elsewhere, US equity futures are pointing to further gains later, with those on the S&amp;P 500 up +0.29%.</p>\n<p>Looking ahead now, one of the main highlights today will be the Bank of England’s latest decision, out as 12:00 London time. In their preview (link here) our UK economists write that they expect the Monetary Policy Committee to remain cautiously optimistic around the recovery, keeping the policy rate on hold at 0.1%, and maintaining the target stock of QE at £895bn. They’re also not expecting big changes in the minutes and policy statement, but the risks are shifting towards a more hawkish MPC in the very near-term, with economic data tracking slightly better than the BoE expected in May.</p>\n<p>Staying on the UK, there was a geopolitical incident with Russia yesterday in the Black Sea, albeit with the two sides offering different descriptions of what took place. Russia said that a UK ship entered waters it claims as its own and ignored radio warnings, not leaving until bombs were dropped on its course. But the press office for the UK’s Ministry of Defence tweeted that the ship was “conducting innocent passage through Ukrainian territorial waters in accordance with international law”, and said that they didn’t recognise the claim that bombs were dropped on its path.</p>\n<p>There were also headlines on Russia in the FT, which reported yesterday that Germany and France had called for the EU to engage Russia more closely, building on the meeting that took place last week between Presidents Biden and Putin. According to the story, Chancellor Merkel and President Macron were in favour of inviting Putin to an EU leaders’ summit, and comes ahead of a summit taking place in Brussels later today among EU leaders, where the bloc’s relations with Russia are on the agenda for discussion.</p>\n<p>Over in the US, there was some movement in infrastructure talks as a bipartisan group of senators will be meeting with President Biden later today at the White House to present their outline of a $579bn package on roads, bridges and other physical projects. The Senate leaves for a two week recess starting Friday, so this is likely to be the last newsflow on any potential deal until mid-July. While the Republican senators in the group have dropped a potential gas tax, there remains significant disagreements on how to pay for the spending. Some more left-leaning Senate Democrats continue to ask the White House and Congressional leadership for a promise on a second more expansive bill through the reconciliation process. If both bills make it through Congress, it could amount to $2-3 trillion of additional government spending.</p>\n<p>Turning to the latest on the pandemic, there were further signs of concern in the UK as 16,135 new cases were reported yesterday, which is the highest daily total since February 6. And over the last week as a whole, cases are up +44% compared to the previous one. Nevertheless, there was some better news from the country, as data confirmed that over 60% of the adult population had now been fully vaccinated with both doses. Elsewhere, Switzerland confirmed that restrictions on entering the country would be relaxed, with those entering from the Schengen Area no longer required to quarantine, and testing requirements would now only apply to those coming by plane who’ve not been vaccinated or not recovered from Covid-19.Meanwhile, Brazil announced their largest one-day rise in Covid-19 cases yet (115,228) even as the vaccination programs have started to gather momentum. The country’s weekly case count surpassed India for the highest in the world last week, while much of South America is starting a new wave of infections just as their winter starts.</p>\n<p>There wasn’t much in the way of Federal Reserve speakers yesterday, though we did hear from Governor Bowman, who didn’t discuss the policy outlook but said that the “upward price pressures may ease as the bottlenecks are worked out, but it could take some time, and I will continue to monitor the situation closely and will adjust my outlook as needed.” Otherwise Atlanta Fed President Bostic (who’s an FOMC voter this year) said that he’d pulled forward his projection for the first hike in rates to late 2022 “given the upside surprises in recent data points”. Boston Fed President Rosengren (an alternate voting member this year) later played down the risks of persistent inflation, saying his “expectation is that most of the price increases we are seeing this year will be reversed as we get into next year.”</p>\n<p>Rounding off the rest of yesterday’s data, US new home sales unexpectedly fell to an annualised rate of 769k in May (vs. 865k expected), declining from a downwardly revised 817k in April. Separately, the current account deficit in Q1 widened to $195.7bn (vs. $206.2bn expected), and the composite PMI fell to 63.9 in June following its record high of 68.7 in May.</p>\n<p>To the day ahead now, and there are an array of central bank events, including the Bank of England’s monetary policy decision, the release of the ECB’s Economic Bulletin, along with remarks from the Fed’s Barkin, Bostic, Harker, Williams, Bullard and Kaplan, and the ECB’s Panetta and Schnabel. Data releases from the US include the third estimate of Q1 GDP, the weekly initial jobless claims, the preliminary May reading for durable goods orders and the Kansas City Fed’s manufacturing index for June. Meanwhile in Germany, the Ifo Institute’s business climate indicator for June will be coming out. Finally, EU leaders will gather in Brussels today for a European Council meeting.</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>Futures Jump To All Time Highs Ahead Of Fed Speaker, Econ Data Frenzy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFutures Jump To All Time Highs Ahead Of Fed Speaker, Econ Data Frenzy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 20:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/futures-jump-all-time-highs-ahead-fed-speaker-econ-data-frenzy><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock-index futures rose, with Nasdaq 100 contracts set for a fresh record and spoos just shy of all time highs, as investors were encouraged by dovish commentary form a barrage of Fed speakers ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/futures-jump-all-time-highs-ahead-fed-speaker-econ-data-frenzy\">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",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/futures-jump-all-time-highs-ahead-fed-speaker-econ-data-frenzy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146854687","content_text":"U.S. stock-index futures rose, with Nasdaq 100 contracts set for a fresh record and spoos just shy of all time highs, as investors were encouraged by dovish commentary form a barrage of Fed speakers which will continue today with Barkin, Williams, Bullard, Kaplan, Bostic Harker all speaking shortly after we get a slew of economic data.  At 7:15 a.m. ET, Dow e-minis were up 168 points, or 0.5%, S&P 500 e-minis were up 20 points, or 0.47%, and Nasdaq 100 e-minis were up 80 points, or 0.56%, to a record 14,344. 10Y yields were 1.49%, oil was flat, gold was trading near session highs and bitcoin rebounded from overnight lows.\nBig banks Wells Fargo, Bank of America, Morgan Stanley, Goldman Sachs and JPMorgan Chase & Co added between 0.5% and 1.0%ahead of the Fed's latest stress test results to be revealed at 430pm ET today.Tesla rose 2.7% after Elon Musk said he would list SpaceX’s space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla shareholders could get preference in investing. First Solar climbed as the U.S. was said to be on the verge of barring some solar products made in China’s Xinjiang region. Mega-cap tech names Alphabet, Nvidia, Microsoft, Netflix and Facebook also gained between 0.4% and 0.6%, setting the Nasdaq for a record open. MGM Resorts International rose 2.7% after Deutsche Bank upgraded the casino operator’s stock to “buy” from “hold”.\nHere are some of the biggest U.S. movers today:\n\nRetail trader favorites gain in premarket trading with Clover Health (CLOV) rising 5.5% and Sundial (SNDL) gaining 6%.\nDaqo New Energy (DQ) drops 6.8% and JinkoSolar (JKS) slides 1.5% with the U.S. poised to block some solar products made in China’s Xinjiang region.\nInformation technology services provider DHI Group (DHX) surges 18% after the company’s board authorized a stock buyback program of up to $12 million.\nIndia Globalization Capital (IGC) rallies 35% after announcing it completed the final cohort of its Phase 1 clinical trial on its tetrahydrocannabinol drug, intended to alleviate Alzheimer’s disease symptoms.\n\nSo far this week, the value index, which includes economy-linked energy, financial and industrial stocks, and its tech-heavy growth counterpart are both up almost 1.8% following the Federal Reserve’s hawkish forecast from a week ago.\nOn Wednesday, Dallas Fed President Robert Kaplan said the economy will likely meet the Fed’s threshold for tapering asset purchases sooner than people think, while his Atlanta peer Raphael Bostic said the central bank could decide to slow such purchases in the next few months. Despite the ongoing hawkish commentary, markets pushed higher realizing that the Fed can never again let stocks drop or else the entire ponzi scheme risks collapsing.\nIndeed, stock buyers have shaken off the hawkish turn by the Federal Reserve and are now viewing it as a way to bring inflation under control, according to Sebastien Galy, a Luxembourg-based strategist at Nordea Investment Funds.\n\"The interesting development over the past few days suggests that the markets are in a temporary stasis buying on dips as the fear of missing out prevails,\"said Sebastien Galy, senior macro strategist at Nordea Asset Management. “This is evident in the rotation into growth stocks which makes little sense in a time of likely rising interest rates as they are quite leveraged, though not all.\" Still, Galy concluded that  “we expect equity markets to continue to rebound in the coming weeks.\"\nIn Europe, the Stoxx 600 Index gained 0.7%, led by the banking, hospitality and tech sectors. L’Oreal rose 2%, approaching an all-time high reached last week. Vodafone dropped 3.2% after its shares went ex-dividend. Here are some of the biggest European movers today:\n\nTecan shares rise as much as 16% to a record after the Swiss company said it will buy Paramit, a U.S. developer of medical devices and life science instruments, for $1b. The deal is Tecan’s biggest ever, according to Berenberg.\nNext Fifteen soars as much as 13% to a record as a trading update prompts price target upgrades from Peel Hunt and Berenberg.\nBioArctic rises as much as 13% in the stock’s steepest intraday advance since June 7 after the U.S. FDA granted Breakthrough Therapy designation for lecanemab, an investigational anti-amyloid beta protofibril antibody for the treatment of Alzheimer’s disease.\nCrest Nicholson adds as much as 5.3% with analysts saying the homebuilder’s 1H results show trading remains strong and that it is making progress on its turnaround.\nVifor Pharma Group falls as much as 4.5% after the pharmaceutical company revised the endpoints of one of its clinical trials as the pandemic affected enrollment.\nBT drops as much as 1.4% following the telecom operator’s enterprise business briefing, with UBS flagging ongoing headwinds, despite co. being “upbeat” on prospects for growth in the U.K. enterprise market.\n\nAlso in Europe, the euro shrugged off a stronger-than- forecast German Ifo business confidence survey to stay little changed. Germany's Ifo business climate index increased to 101.8 in June, well ahead of expectations.\nThe improvement was primarily driven by a better assessment of the current business environment, consistent with high-frequency data and the current conditions gauges across other surveys. Across sectors, services and trade saw the strongest acceleration in momentum as the reopening of Germany's economy gathered pace. Similarly, the Insee index measuring France's business conditions rose to 113.0 in June, also beating expectations, with gains concentrated in services and retail trade. Overall, the national surveys for June are consistent with our forecast of a strong rebound in economic activity in the second and third quarters.\nEarlier in the session, Asian stocks posted modest gains, supported by gains in Hong Kong, South Korea and India as investors assessed the latest remarks by Fed officials about the outlook for tapering measures. The MSCI Asia Pacific Index rose 0.1%, after dropping as much as 0.1%. India’s key stock gauges advanced to hold near recent record highs, with the country’s faster vaccination campaign continuing to boost investor sentiment.China’s CSI 300 Index also climbed. The country’s central bank increased its injection of short-term cash into the financial system for the first time since March amid rising demand for liquidity.Meanwhile, Thailand’s shares were among the worst performers in the region as pro-democracy protests returned to the streets and the central bank on Wednesday lowered its economic-growth outlook. “The overall picture is less dovish than it was,” said Ilya Spivak, head Asia Pacific strategist at DailyFX. “The APAC region is more sensitive, and we will see more volatility and downside risk because of companies’ exposure to dollar-denominated credit costs.” A gauge of 10-day historical volatility for shares has started flattening out after a spike following the Fed’s hawkish pivot last week. While a strengthening dollar is bad for Asian companies that borrow in the currency, some investors are expecting the region to be supported by longer-term Treasury yields that remain below 1.5% as well as attractive stock valuations. Among sectors, tech and material shares advanced, offsetting declines in defensives such as utilities.\nKey Indian stock gauges advanced to hold near recent all-time highs helped by gains in information technology companies, while the country’s faster vaccination campaign continued to boost investor sentiment. The S&P BSE Sensex rose 0.8% to 52,699 in Mumbai after touching an intraday record of 53,057 on Tuesday. The NSE Nifty 50 Index also gained 0.7% to 15,790.45, near an all-time high reached last week. Eleven of the 19 sector sub-indexes compiled by BSE Ltd. climbed, led by a gauge of information technology companies. “We are in the middle of a bull phase which will last for a very, very long time,” Rakesh Jhunjhunwala, a billionaire investor known locally as India’s Warren Buffett, said in an interview earlier this month. “India will also look lucrative when the U.S. Federal Reserve begins to withdraw stimulus, but there will be short-term disruptions.” Index heavyweight Reliance Industries dropped 2.4% following its annual shareholders’ meeting, where Chairman Mukesh Ambani announced ambitious plans for clean energy as well as the conglomerate’s telecom business. The company’s plans include investing 750 billion rupees in clean energy over three years while it unveiled the much-awaited smartphone that has been co-developed with Alphabet Inc.’s Google. The rally in Indian shares is also being driven by the country’s pace of vaccinations. The Indian government said 6.5 million doses were administered in the 24 hours through Thursday morning, taking the total number of vaccinations to 301.6 million. “Markets are looking comfortable,” said Sandeep Jain, a strategist with Tradeswift Broking.\nIn rates, Treasuries price action was choppy overnight, but yields broadly unchanged into early U.S. session with gilts outperforming following Bank of England policy decision. In 10-year sector gilts richer by 3bp vs. Treasuries, where yields sit around 1.487%. Treasury auctions conclude with $62b 7-year note sale at 1pm ET, follows solid 2- and 5-year auctions this week. WI 7-year yield at 1.26% is 2.5bp richer than May’s stop-out, which traded 0.6bp through. That said, futures volumes during Asia session were just 60% of recent averages.\n“U.S. Treasury yields have stayed close to the lows and the equity market continues to project a path for growth and earnings that is impossibly high in the long-run.” JPMorgan Chase & Co. said it may require employees to be vaccinated against Covid-19 as Wall Street’s biggest banks ramp up efforts to keep thousands of personnel safe while reopening U.S. workplaces.\nIn FX, the Bloomberg Dollar Index fell to a day low in European hours as the greenback lost traction against most of its Group-of-10 peers, though most traded in narrow ranges. Scandinavian currencies led an advance amid a general improvement in risk sentiment; the Norwegian krone advanced as the price of Brent oil rose a second day. The euro shrugged off a stronger-than- forecast German Ifo business confidence survey to stay little changed. The sharp repricing in the front-end of the euro’s volatility skew makes case for the common currency to extend its rebound, possibly toward the $1.20 level. The pound swung to a gain against the greenback before the Bank of England meeting, with investors watching for any signs of the central bank shifting its messaging on inflation risks, even as it’s seen standing pat on interest rates at its meeting later on Thursday: see Decision Guide. The yen edged down to another 15-month low after weakening beyond 111 per dollar on Wednesday before erasing losses on demand over the Tokyo fixing.South Korea’s won rose after central bank Governor Lee Ju-yeolsignaled interest-rate increases are in the pipeline.\nIn commodities, it was a relatively uneventful and uninspiring session for the crude space thus far with WTI and Brent August’21 futures somewhat choppy throughout the morning but very much rangebound after flat APAC trade. The benchmarks post gains of 0.10/bbl and are around the mid-point of today’s range which is much more contained than the parameters of yesterday’s session, for instance. Fresh newsflow explicitly for the complex has been light and as such its very much a case of waiting for next week’s OPEC+ gathering given the weeks source reports and updates on the geopolitical front.On this, attention around Iran is heightened as the IAEA agreement expires today ahead of a reported resumption in nuclear talks with the US from next week.\nSpot gold and silver have been firmer but remain in close proximity to unchanged levels deriving some impetus from the downbeat USD once again though upside is perhaps capped as yields are slightly higher. Base metals are pressured this morning with increasing attention on commodities broadly in China given inflation concerns. Elsewhere, UBS looks for a copper recovery in the next 6-12 months believing the market could be undersupplied by 603k/T and 461k/T in 2021 and 2022 respectively; for context, Glencore’s CEO said.\nLooking at the day ahead now, there are an array of central bank events, including the Bank of England’s monetary policy decision (discussed here),the release of the ECB’s Economic Bulletin, along with remarks from the Fed’sBarkin, Bostic, Harker, Williams, Bullard and Kaplan, and the ECB’s Panetta and Schnabel. Data releases from the US include the third estimate of Q1 GDP, the weekly initial jobless claims, the preliminary May reading for durable goods orders and the Kansas City Fed’s manufacturing index for June. Weekly initial jobless claims are expected to move back below 400,000 after last week’s surprise pop higher. This morning’s number may also show the impact of the gradual withdrawal of enhanced unemployment benefits from June 12 in some states.  At 430pm the Federal Reserve will release its latest stress test results when markets close, with the big six banks expected to pass — paving the way for increased dividends and share buybacks.\nMarket Snapshot\n\nS&P 500 futures up 0.4% to 4,249.75\nSTOXX Europe 600 up 0.6% to 455.82\nGerman 10Y yield rose 0.6 bps to -0.171%\nEuro little changed at $1.1934\nMXAP little changed at 207.07\nMXAPJ up 0.2% to 695.30\nNikkei little changed at 28,875.23\nTopix down 0.1% to 1,947.10\nHang Seng Index up 0.2% to 28,882.46\nShanghai Composite little changed at 3,566.65\nSensex up 0.9% to 52,768.91\nAustralia S&P/ASX 200 down 0.3% to 7,275.27\nKospi up 0.3% to 3,286.10\nBrent Futures up 0.6% to $75.65/bbl\nGold spot up 0.1% to $1,780.92\nU.S. Dollar Index little changed at 91.74\n\nTop Overnight News from Bloomberg\n\nChina sued Australia over anti-dumping measures on some Chinese goods, further ratcheting up tensions between the two nations\nAustralia & New Zealand Banking Group Ltd. created a global fixed income trading business as part of a move to boost revenues across its franchises\nChina’s central bank increased its short-term cash injection for the first time since March as it moved to soothe market concerns about liquidity conditions ahead of the quarter-end\nAdvanced economies may need to rely more on fiscal spending if they want to avoid Japan’s fate of being trapped with low inflation and an empty monetary toolkit, according to new research from the ECB\n\nQuick look at global markets courtesy of Newsquawk\nAsia-Pac bourses saw a mixed and contained session following a lacklustre performance on Wall Street, where the S&P 500 and DJIA closed with modest losses whilst the Nasdaq Composite squeezed out another record close, but off its intraday best of 14,317 for the cash, and 14,315.75 for the NQ.Back to APAC, the ASX 200 (-0.3%) failed to benefit from the strong performance in its tech and mining names, whilst the Nikkei 225 (Unch) remained supported by softness in its currency, but the index is yet to convincingly breach 29k to the upside. The KOSPI (+0.4%) eked mild gains as a rise in June consumer confidence provided some positive omens. Hang Seng (+0.3%) and Shanghai Comp (U/C) traded within recent ranges as the region shrugged off the first increase in the PBoC's liquidity injection since March, albeit modest. In terms of stocks-specifics, Hoshine Silicon Industry shares slumped some 10% after Washington reportedly issued an order that blocks imports of solar panel materials from the Co. Finally, of note for the broader global chip sector, chip-giant TSMC flagged price hikes of 10-20% beginning next year, according to Chinese media. Finally, JGB futures meanwhile trade flat and in tandem with its US and German counterparts.\nTop Asian News\n\nPhilippines Leaves Key Rate Steady Amid ‘Tentative’ Recovery\nJapan Stands Pat on Economic Assessment as Latest Emergency Ends\nChina Sues Australia at WTO Over Tariffs in Hit to Strained Ties\nIran Poised to Miss Nuclear Monitoring Deadline Clouding Talks\n\nEuropean equities kicked the session off on a firmer footing (Eurostoxx 50 +0.9%) with sentiment bolstered by a marginally better-than-expected German IFO report (Business Climate 101.8 vs. Exp. 100.6) and economists noting that the domestic economy is picking up speed. Stateside, futures have picked up throughout the session (ES +0.4%) in tandem with their European counterparts. In the US, infrastructure talks continue to rumble on, albeit without causing much in the way of intraday price action. The latest updates have noted that a deal on the infrastructure framework has been reached among a bipartisan group of US senators; a meeting between the White House and the bipartisan group has been slated for later today. Back to Europe, sectors are mostly firmer and showing a largely pro-cyclical tilt as Financials, Basic Resources and Autos lead the charge. Travel & Leisure names will be bracing themselves for the latest travel update from the UK, albeit some optimism for the sector has been tempered this week after German Chancellor Merkel urged EU nations to introduce quarantine measures for vaccinated Brits. The most notable corporate update thus far has come from Siemens (-0.5%) who sit at the foot of the DAX with investors unimpressed by its latest strategic blueprint which saw the Co. increase its growth target and launch a EUR 3bln share buyback between 2021-2026. Of note for chip names, reports in Chinese press suggested that TSMC is to hike prices by 10-20% in 2022.\nTop European News\n\nLondon West End Landlord Expects Retail Crisis to Get Even Worse\nJohnson to Convene London Summit as Capital Lags on Vaccines\nGerman, French Business Confidence Jumps as Lockdowns Ease\nEuropean Insurance Stocks Undervalued, Berenberg Says\n\nIn FX,the margins are quite fine, but the Kiwi and Franc are at opposite ends of the G10 table, with Nzd/Usd propped around 0.7050 within circa 0.7070-0.6935 w-t-d extremes, while Usd/Chf hovers nearer the top of its 0.9236-0.9155 range. The former is also outpacing its Antipodean peer ahead of NZ trade data, as the Aud/Nzd cross trades under 1.0750 and Aud/Usd pulls back from nigh on 0.7600 yesterday amidst ongoing Aussie-Chinese trade tensions. On that note, the latest riposte from Beijing has come via the WTO in the form of a lawsuit against Australia over anti-dumping measures. Elsewhere, the Euro is grinding higher vs the Buck in wake of all Ifo survey metrics surpassing expectations and prior readings in June along with relatively upbeat accompanying comments from the German institute, but Eur/Usd remains capped into 1.1950 and perhaps conscious of hefty option expiry interest down below (2 bn running off between 1.1930-20 at the NY cut).\n\nGBP/JPY - Sterling remains firm as the clock ticks down to high noon on Threadneedle Street, albeit not in great anticipation of a boost from the BoE given consensus for no change in policy or material shift in guidance. However, the MPC is widely tipped to be split on QE again with Haldane retaining his dissenting vote at this final meeting, if not joined by any other hawks – check out the Research Suite for a full preview of the event. Cable is currently straddling 1.3975 and staying technically bullish while above the 100 DMA circa 1.3949, while Eur/Gbp is back beneath 0.8550 and close to Wednesday’s multi-month lows around 0.8530. Meanwhile, the Yen has recovered from another retreat through 111.00 to give more credence to the notion that ample supply resides beyond the round number, and probably on behalf of Japanese exporters looking to hedge exposure. Moreover, option expiries at the 111.30 strike (1.12 bn) may keep Usd/Jpy in check and similar size at 110.75 (1.153 bn) underpinned.\nCAD/USD - The Loonie remains tethered to the 1.2300 handle vs its US rival and still deriving a degree of traction from firm oil prices awaiting Canadian manufacturing sales for potential independent direction, but the Greenback appears more likely to glean fundamental impetus from a packed agenda including prime data, more Fed speakers and 7 year supply. In the interim, chart levels could be key and influential for the DXY as the index holds in a tight range (91.873-700) following its failure to maintain 92.000+ status and midweek shave with 91.500 that is just shy of the 200 DMA.\n\nIn commodities,a relatively uneventful and uninspiring session for the crude space thus far with WTI and Brent August’21 futures somewhat choppy throughout the morning but very much rangebound after flat APAC trade. Currently, the benchmarks post gains of circa. USD 0.10/bbl and are around the mid-point of today’s range which is much more contained than the parameters of yesterday’s session, for instance. Fresh newsflow explicitly for the complex has been light and as such its very much a case of waiting for next week’s OPEC+ gathering given the weeks source reports and updates on the geopolitical front. On this, attention around Iran is heightened as the IAEA agreement expires today ahead of a reported resumption in nuclear talks with the US from next week. Moving to metals, spot gold and silver have been erring firmer but remain in close proximity to unchanged levels deriving some impetus from the downbeat USD once again though upside is perhaps capped as yields are slightly higher. Base metals are pressured this morning with increasing attention on commodities broadly in China given inflation concerns. Elsewhere, UBS looks for a copper recovery in the next 6-12 months believing the market could be undersupplied by 603k/T and 461k/T in 2021 and 2022 respectively; for context, Glencore’s CEO said.\nUS Event Calendar\n\n8:30am: May Durable Goods Orders, est. 2.8%, prior -1.3%; Less Transportation, est. 0.7%, prior 1.0%\n8:30am: 1Q GDP Annualized QoQ, est. 6.4%, prior 6.4%\n8:30am: June Initial Jobless Claims, est. 380,000, prior 412,000; Continuing Claims, est. 3.46m, prior 3.52m\n8:30am: May Advance Goods Trade Balance, est. -$87.5b, prior -$85.2b, revised -$85.7b\n8:30am: May Retail Inventories MoM, est. -0.5%, prior -1.6%, revised -1.8%; Wholesale Inventories MoM, est. 0.8%, prior 0.8%\n11am: June Kansas City Fed Manf. Activity, est. 24, prior 26\n430pm: Federal Reserve releases latest stress test results with all big six banks expected to pass  paving the way for increased dividends and share buybacks.\n\nCentral Bank Speakers\n\n9am: Fed’s Barkin Speaks During Virtual Event\n9:30am: Fed’s Bostic and Harker Speak on Monetary Policy Panel\n11am: Fed’s Williams Takes Part in Moderated Discussion\n1pm: Fed’s Kaplan Discusses Economy\n1pm: Fed’s Bullard Discusses Outlook for Economy and Monetary...\n4pm: Fed’s Barkin Speaks During Virtual Event\n\nDB's Jim Reid concludes the overnight wrap\nAs investors digested an array of economic data and central bank speakers yesterday, US equities spent the day trading around their all-time records and Treasury yields moved higher as markets continued to readjust following last week’s selloff in various assets. In fact, for some areas it was as though last week’s moves had never happened, since although inflation expectations moved sharply lower straight after the Fed’s hawkish shift a week ago, with 10yr breakevens down to 2.24% by the close on Friday, they’ve since recovered +11.2bps over the 3 days this week to put them roughly back in line with where they were in the week before the Fed meeting. It was a similar story for equities, with the NASDAQ (+0.13%) eking out a gain to hit another all-time high, whilst the S&P 500 (-0.11%) slipped back slightly, but still remained less than 0.5% away from its record close last week. So overall, markets for now seem to be more relaxed again about the Fed and inflation risks, even if they’re still pricing in a faster hiking cycle than the Fed themselves indicated in the dots last week.\nParadoxically, the bigger risk-off moves came in Europe yesterday, where the STOXX 600 fell -0.73% in spite of some decent flash PMI reports from across the continent. To run through those, the Euro Area composite PMI came in at an above-expected 59.2 (vs. 58.8 expected), which marked the strongest pace of growth seen in 15 years for the single-currency bloc. That increase came as the services PMI rebounded strongly, climbing to 58.0 as expected (from 55.2 last month), whilst the manufacturing PMI remained unchanged from last month at 63.1. Germany in particular outperformed expectations, with their composite PMI up to 60.4, (vs. 57.6 expected) which is its highest since March 2011, whereas France slightly underwhelmed as the composite PMI only rose to 57.1 (vs. 59.0 expected). That said, inflation continued to be a notable theme and the PMIs pointed to noticeable price pressures in the Euro Area for both services and manufacturing.\nSpeaking of price pressures, yesterday marked another strong session for commodities as they were another asset class that continued to put last week’s selloff behind them. In fact by the close, Brent crude (+0.51%) hit a fresh 2-year high of $75.19/bbl, while WTI (+0.03%) was just short of its own recent high. The continued gains for oil come amidst a tightening market, with the EIA in the US reporting that crude oil inventories fell -7.61m barrels, which is the 5th consecutive weekly decline, just as various economies are reopening again in light of the vaccine rollout. Other commodities also made gains in addition to oil, with metals including copper (+2.38%) rising on the day, along with agricultural prices such as corn (+0.68%) and wheat (+1.57%).\nOvernight in Asia, markets are trading mixed with the Nikkei (+0.16%) and Kospi (+0.41%) advancing, the Hang Seng (+0.04%) currently flat and the Shanghai Comp (-0.15%) moving lower. There were also fresh headlines on the US-China relationship, as Bloomberg reported the US is likely to impose a ban on some Chinese solar products made in the region of Xinjiang where China has been accused of committing human rights abuses. Elsewhere, US equity futures are pointing to further gains later, with those on the S&P 500 up +0.29%.\nLooking ahead now, one of the main highlights today will be the Bank of England’s latest decision, out as 12:00 London time. In their preview (link here) our UK economists write that they expect the Monetary Policy Committee to remain cautiously optimistic around the recovery, keeping the policy rate on hold at 0.1%, and maintaining the target stock of QE at £895bn. They’re also not expecting big changes in the minutes and policy statement, but the risks are shifting towards a more hawkish MPC in the very near-term, with economic data tracking slightly better than the BoE expected in May.\nStaying on the UK, there was a geopolitical incident with Russia yesterday in the Black Sea, albeit with the two sides offering different descriptions of what took place. Russia said that a UK ship entered waters it claims as its own and ignored radio warnings, not leaving until bombs were dropped on its course. But the press office for the UK’s Ministry of Defence tweeted that the ship was “conducting innocent passage through Ukrainian territorial waters in accordance with international law”, and said that they didn’t recognise the claim that bombs were dropped on its path.\nThere were also headlines on Russia in the FT, which reported yesterday that Germany and France had called for the EU to engage Russia more closely, building on the meeting that took place last week between Presidents Biden and Putin. According to the story, Chancellor Merkel and President Macron were in favour of inviting Putin to an EU leaders’ summit, and comes ahead of a summit taking place in Brussels later today among EU leaders, where the bloc’s relations with Russia are on the agenda for discussion.\nOver in the US, there was some movement in infrastructure talks as a bipartisan group of senators will be meeting with President Biden later today at the White House to present their outline of a $579bn package on roads, bridges and other physical projects. The Senate leaves for a two week recess starting Friday, so this is likely to be the last newsflow on any potential deal until mid-July. While the Republican senators in the group have dropped a potential gas tax, there remains significant disagreements on how to pay for the spending. Some more left-leaning Senate Democrats continue to ask the White House and Congressional leadership for a promise on a second more expansive bill through the reconciliation process. If both bills make it through Congress, it could amount to $2-3 trillion of additional government spending.\nTurning to the latest on the pandemic, there were further signs of concern in the UK as 16,135 new cases were reported yesterday, which is the highest daily total since February 6. And over the last week as a whole, cases are up +44% compared to the previous one. Nevertheless, there was some better news from the country, as data confirmed that over 60% of the adult population had now been fully vaccinated with both doses. Elsewhere, Switzerland confirmed that restrictions on entering the country would be relaxed, with those entering from the Schengen Area no longer required to quarantine, and testing requirements would now only apply to those coming by plane who’ve not been vaccinated or not recovered from Covid-19.Meanwhile, Brazil announced their largest one-day rise in Covid-19 cases yet (115,228) even as the vaccination programs have started to gather momentum. The country’s weekly case count surpassed India for the highest in the world last week, while much of South America is starting a new wave of infections just as their winter starts.\nThere wasn’t much in the way of Federal Reserve speakers yesterday, though we did hear from Governor Bowman, who didn’t discuss the policy outlook but said that the “upward price pressures may ease as the bottlenecks are worked out, but it could take some time, and I will continue to monitor the situation closely and will adjust my outlook as needed.” Otherwise Atlanta Fed President Bostic (who’s an FOMC voter this year) said that he’d pulled forward his projection for the first hike in rates to late 2022 “given the upside surprises in recent data points”. Boston Fed President Rosengren (an alternate voting member this year) later played down the risks of persistent inflation, saying his “expectation is that most of the price increases we are seeing this year will be reversed as we get into next year.”\nRounding off the rest of yesterday’s data, US new home sales unexpectedly fell to an annualised rate of 769k in May (vs. 865k expected), declining from a downwardly revised 817k in April. Separately, the current account deficit in Q1 widened to $195.7bn (vs. $206.2bn expected), and the composite PMI fell to 63.9 in June following its record high of 68.7 in May.\nTo the day ahead now, and there are an array of central bank events, including the Bank of England’s monetary policy decision, the release of the ECB’s Economic Bulletin, along with remarks from the Fed’s Barkin, Bostic, Harker, Williams, Bullard and Kaplan, and the ECB’s Panetta and Schnabel. Data releases from the US include the third estimate of Q1 GDP, the weekly initial jobless claims, the preliminary May reading for durable goods orders and the Kansas City Fed’s manufacturing index for June. Meanwhile in Germany, the Ifo Institute’s business climate indicator for June will be coming out. Finally, EU leaders will gather in Brussels today for a European Council meeting.","news_type":1},"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126131902,"gmtCreate":1624546974306,"gmtModify":1703840080847,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126131902","repostId":"1154733193","repostType":4,"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129459735,"gmtCreate":1624382941527,"gmtModify":1703835199846,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!&nbsp;","listText":"Nice!&nbsp;","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129459735","repostId":"2145052095","repostType":4,"repost":{"id":"2145052095","pubTimestamp":1624375500,"share":"https://ttm.financial/m/news/2145052095?lang=&edition=fundamental","pubTime":"2021-06-22 23:25","market":"us","language":"en","title":"Forget AMC: These 3 Meme Stocks Actually Have a Future","url":"https://stock-news.laohu8.com/highlight/detail?id=2145052095","media":"Motley Fool","summary":"Not all meme stocks are alike.","content":"<p>Having a long-term outlook has always been an investor's greatest hidden asset. The stock market has been a massive wealth creator over the decades if you had the patience to just sit tight. It's a fairly incredible feat that whether you look back over the last 100 years or just the past few decades, the average total return of the <b>S&amp;P 500</b> is around 10% annually.</p>\n<p>While traders have always jumped in and out of stocks, trying to pick the right entry and exit points, this year in particular has seen a tremendous influx of investors looking to ride the meme stock trend.</p>\n<p>No stock represents that phenomenon better than <b>AMC Entertainment Holdings</b> (NYSE:AMC), which is the best-performing stock in the market by far with gains of nearly 3,000% since the start of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/e52f3c866905316452fa461447bc7057\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>Bringing down the curtain on AMC</h3>\n<p>Beyond just beating back hedge funds attacking the theater operator with short sales, investors have piled into AMC Entertainment because a vaccinated population can go to the movies once more to see all the films that studios banked during the pandemic. The influx of moviegoers will lift both admission revenue and the highly profitable concession sales, with business getting back to pre-COVID-19 levels.</p>\n<p>The problem is that AMC was a business in decline before the coronavirus outbreak. It's not just the theater operator's problem, it's an affliction the entire industry is suffering from.</p>\n<p>Theater ticket sales peaked at 1.57 billion in 2002 and have steadily fallen from there. In 2019, fewer than 1.23 billion tickets were sold.</p>\n<p>Theaters have masked the decline by charging more for a ticket, so despite falling sales, box office receipts have actually grown. The $9.1 billion generated 19 years ago became $11.2 billion just before the pandemic closed everything down.</p>\n<p>That may seem beneficial, but continuously rising prices, particularly with the advent of streaming video, have cut into the need to go to the box office, and all the major studios have committed to supporting their streaming services even as they send films to theaters.</p>\n<p>AMC also had to take on significant amounts of debt to survive the COVID outbreak. It ended the most recent quarter with $5.4 billion in long-term debt; $1.6 billion in current liabilities; and $4.9 billion in operating-lease expenses, of which $800 million is due this year, followed by another $1 billion next year.</p>\n<p>While it raised over $1 billion this year, it posted a loss of $567 million and burned through $313 million in cash.</p>\n<p>AMC Entertainment is not a place for long-term investors to park their money.</p>\n<h3>Forget AMC and consider these meme stocks instead</h3>\n<p>Movie theaters aren't going away, but there are better places for your money, even among other so-called meme stocks. That's because they have a stronger business or better growth prospects than AMC. The following three stocks could all give you the excitement of the meme stock craze while offering long-term potential, as long as you don't get caught up in the excitement and overpay.</p>\n<p><img src=\"https://static.tigerbbs.com/a5c7d1564239ae8b7f0599f43d88f184\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>1. Bed Bath &amp; Beyond</h3>\n<p>I had pretty much written off home furnishings retailer <b>Bed Bath &amp; Beyond</b> (NASDAQ:BBBY) when it was still in the clutches of an entrenched management team with a sclerotic board of directors that failed to challenge leadership to make the changes necessary in an altered retail environment.</p>\n<p>Yet showing that hedge funds can be a force for good, activist investors cleaned house at the retailer, clearing out the C-suite and the board, and embarked on dismantling the sprawling collection of businesses that Bed Bath &amp; Beyond had amassed.</p>\n<p>The pandemic struck at the worst possible time, just as the home goods store was going to focus on its narrowed core businesses. But now, as the economy is reopening, Bed Bath &amp; Beyond has the chance to shine.</p>\n<p>One of the unique aspects of the retailer's business was its ability to generate inordinate amounts of cash. It used to regularly produce in excess of $1 billion of free cash flow (FCF), and just prior to the outbreak it was still generating $750 million worth. Then it was forced to close its stores, and the economy was upended. Yet even as it emerges from the wreckage, Bed Bath &amp; Beyond reported it was already FCF positive, producing $62 million last quarter. Expect that to grow in the coming quarters.</p>\n<p>It has invested heavily in its e-commerce platform and its supply chain, and the narrower focus should allow it to return to its pre-eminent position atop the home goods industry.</p>\n<p><img src=\"https://static.tigerbbs.com/2b9b0706e36e2038b277532e6820963d\" tg-width=\"700\" tg-height=\"482\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>2. Corsair Gaming</h3>\n<p><b>Corsair Gaming</b> (NASDAQ:CRSR) is something of a more-recent phenomenon, as it only just went public last September. But the esports and live-streaming trend has so much potential for growth that Corsair -- an equipment and accessories maker -- should see tremendous lift in the years ahead.</p>\n<p>Unlike many other meme stocks, it wasn't hurt by the pandemic, but rather helped as people were forced to stay home and turned to gaming for their entertainment. Corsair has been around for years and has developed a reputation as a quality manufacturer, so its products were in high demand. Last quarter, it reported record results with revenue soaring 71% over the year-ago period to $529 million, and earnings surging to $0.41 per share from just $0.01 a year ago.</p>\n<p>The company is also new to the meme stock mania, only just joining the ranks as nearly 22% of its outstanding shares are sold short. The Reddit crowd obviously sees this stock as <a href=\"https://laohu8.com/S/AONE\">one</a> to flip, and the price jumped 13% this week. But that's not the reason you want to buy it.</p>\n<p>Corsair makes high-end, high-performance headsets, keyboards, mice, controllers, and gear for live-streaming gamers and content creators. It also sells computer components including memory cards, cooling systems, and power supplies, and has two proprietary platforms, iCUE for gamers and the Elgato streaming suite for creators.</p>\n<p>The company points out that data from gaming and esports market researcher Newzoo shows an estimated 825 million console gamers globally in 2020, and over 40 million active gaming channels on <b>Alphabet</b>'s YouTube. There are also millions of active streamers across Twitch and <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b> Gaming, as well as on platforms of Chinese gaming sites <b>Huya</b> and <b>DouYu</b>, to drive sales of gaming and content-creation gear.</p>\n<p>There's a substantial growth trajectory still ahead for Corsair Gaming, <a href=\"https://laohu8.com/S/AONE.U\">one</a> that shouldn't be obscured by having become a meme stock favorite.</p>\n<p><img src=\"https://static.tigerbbs.com/8c01389388c3306ea6e9b152ac7e7f05\" tg-width=\"700\" tg-height=\"465\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>3. GameStop</h3>\n<p>As the original meme stock investment, <b>GameStop</b> (NYSE:GME) might be a surprising choice, particularly in light of the stock trading north of $220 per share, a 1,050% gain year to date. But that's where having patience and waiting for the momentum crowd to move on can reward you. GameStop actually has a turnaround-investment quality that could allow handsome profits.</p>\n<p>If theaters are on the decline, then video-game retail stores are sure to follow the same path as Blockbuster Video.</p>\n<p>Which is exactly why the new management team, almost wholly brought over from <b>Amazon</b> and Google, seeks to remake the video game retailer into a consumer-focused, online-oriented gaming company. Chairman Ryan Cohen envisions turning it into the \"Amazon of gaming.\"</p>\n<p>It's starting from a solid foundation, having used the meme stock trading frenzy that boosted its share price to raise new capital to completely pay off its debt. While that diluted existing shareholders, not something to be taken lightly, it did allow the company to replenish its coffers and position itself to implement its strategy.</p>\n<p>Since gaming is increasingly moving toward digital downloads and online play, it's essential GameStop move in that direction as well. Theaters can't really respond effectively to how viewers are watching movies today; GameStop has a chance to reinvent itself in a way few businesses can.</p>\n<p>There's no doubt GameStop is the riskiest of these three because it's a bet on an essentially untried transition. But the pandemic did show people turning to GameStop's e-commerce platform in record numbers, which indicates its well-known brand could be a beacon for customers seeking gaming media, equipment, reviews, and more from the retailer.</p>\n<p>Instead of betting on AMC's declining business and industry, GameStop is a stock that could pay off handsomely if you wait for it to offer attractive valuations.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Forget AMC: These 3 Meme Stocks Actually Have a Future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForget AMC: These 3 Meme Stocks Actually Have a Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/forget-amc-these-3-meme-stocks-actually-have-a-fut/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Having a long-term outlook has always been an investor's greatest hidden asset. The stock market has been a massive wealth creator over the decades if you had the patience to just sit tight. It's a ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/forget-amc-these-3-meme-stocks-actually-have-a-fut/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUTR.UK":"FUTURE","BBBY":"3B家居","GME":"游戏驿站","CRSR":"Corsair Gaming, Inc."},"source_url":"https://www.fool.com/investing/2021/06/22/forget-amc-these-3-meme-stocks-actually-have-a-fut/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145052095","content_text":"Having a long-term outlook has always been an investor's greatest hidden asset. The stock market has been a massive wealth creator over the decades if you had the patience to just sit tight. It's a fairly incredible feat that whether you look back over the last 100 years or just the past few decades, the average total return of the S&P 500 is around 10% annually.\nWhile traders have always jumped in and out of stocks, trying to pick the right entry and exit points, this year in particular has seen a tremendous influx of investors looking to ride the meme stock trend.\nNo stock represents that phenomenon better than AMC Entertainment Holdings (NYSE:AMC), which is the best-performing stock in the market by far with gains of nearly 3,000% since the start of 2021.\n\nImage source: Getty Images.\nBringing down the curtain on AMC\nBeyond just beating back hedge funds attacking the theater operator with short sales, investors have piled into AMC Entertainment because a vaccinated population can go to the movies once more to see all the films that studios banked during the pandemic. The influx of moviegoers will lift both admission revenue and the highly profitable concession sales, with business getting back to pre-COVID-19 levels.\nThe problem is that AMC was a business in decline before the coronavirus outbreak. It's not just the theater operator's problem, it's an affliction the entire industry is suffering from.\nTheater ticket sales peaked at 1.57 billion in 2002 and have steadily fallen from there. In 2019, fewer than 1.23 billion tickets were sold.\nTheaters have masked the decline by charging more for a ticket, so despite falling sales, box office receipts have actually grown. The $9.1 billion generated 19 years ago became $11.2 billion just before the pandemic closed everything down.\nThat may seem beneficial, but continuously rising prices, particularly with the advent of streaming video, have cut into the need to go to the box office, and all the major studios have committed to supporting their streaming services even as they send films to theaters.\nAMC also had to take on significant amounts of debt to survive the COVID outbreak. It ended the most recent quarter with $5.4 billion in long-term debt; $1.6 billion in current liabilities; and $4.9 billion in operating-lease expenses, of which $800 million is due this year, followed by another $1 billion next year.\nWhile it raised over $1 billion this year, it posted a loss of $567 million and burned through $313 million in cash.\nAMC Entertainment is not a place for long-term investors to park their money.\nForget AMC and consider these meme stocks instead\nMovie theaters aren't going away, but there are better places for your money, even among other so-called meme stocks. That's because they have a stronger business or better growth prospects than AMC. The following three stocks could all give you the excitement of the meme stock craze while offering long-term potential, as long as you don't get caught up in the excitement and overpay.\n\nImage source: Getty Images.\n1. Bed Bath & Beyond\nI had pretty much written off home furnishings retailer Bed Bath & Beyond (NASDAQ:BBBY) when it was still in the clutches of an entrenched management team with a sclerotic board of directors that failed to challenge leadership to make the changes necessary in an altered retail environment.\nYet showing that hedge funds can be a force for good, activist investors cleaned house at the retailer, clearing out the C-suite and the board, and embarked on dismantling the sprawling collection of businesses that Bed Bath & Beyond had amassed.\nThe pandemic struck at the worst possible time, just as the home goods store was going to focus on its narrowed core businesses. But now, as the economy is reopening, Bed Bath & Beyond has the chance to shine.\nOne of the unique aspects of the retailer's business was its ability to generate inordinate amounts of cash. It used to regularly produce in excess of $1 billion of free cash flow (FCF), and just prior to the outbreak it was still generating $750 million worth. Then it was forced to close its stores, and the economy was upended. Yet even as it emerges from the wreckage, Bed Bath & Beyond reported it was already FCF positive, producing $62 million last quarter. Expect that to grow in the coming quarters.\nIt has invested heavily in its e-commerce platform and its supply chain, and the narrower focus should allow it to return to its pre-eminent position atop the home goods industry.\n\nImage source: Getty Images.\n2. Corsair Gaming\nCorsair Gaming (NASDAQ:CRSR) is something of a more-recent phenomenon, as it only just went public last September. But the esports and live-streaming trend has so much potential for growth that Corsair -- an equipment and accessories maker -- should see tremendous lift in the years ahead.\nUnlike many other meme stocks, it wasn't hurt by the pandemic, but rather helped as people were forced to stay home and turned to gaming for their entertainment. Corsair has been around for years and has developed a reputation as a quality manufacturer, so its products were in high demand. Last quarter, it reported record results with revenue soaring 71% over the year-ago period to $529 million, and earnings surging to $0.41 per share from just $0.01 a year ago.\nThe company is also new to the meme stock mania, only just joining the ranks as nearly 22% of its outstanding shares are sold short. The Reddit crowd obviously sees this stock as one to flip, and the price jumped 13% this week. But that's not the reason you want to buy it.\nCorsair makes high-end, high-performance headsets, keyboards, mice, controllers, and gear for live-streaming gamers and content creators. It also sells computer components including memory cards, cooling systems, and power supplies, and has two proprietary platforms, iCUE for gamers and the Elgato streaming suite for creators.\nThe company points out that data from gaming and esports market researcher Newzoo shows an estimated 825 million console gamers globally in 2020, and over 40 million active gaming channels on Alphabet's YouTube. There are also millions of active streamers across Twitch and Facebook Gaming, as well as on platforms of Chinese gaming sites Huya and DouYu, to drive sales of gaming and content-creation gear.\nThere's a substantial growth trajectory still ahead for Corsair Gaming, one that shouldn't be obscured by having become a meme stock favorite.\n\nImage source: Getty Images.\n3. GameStop\nAs the original meme stock investment, GameStop (NYSE:GME) might be a surprising choice, particularly in light of the stock trading north of $220 per share, a 1,050% gain year to date. But that's where having patience and waiting for the momentum crowd to move on can reward you. GameStop actually has a turnaround-investment quality that could allow handsome profits.\nIf theaters are on the decline, then video-game retail stores are sure to follow the same path as Blockbuster Video.\nWhich is exactly why the new management team, almost wholly brought over from Amazon and Google, seeks to remake the video game retailer into a consumer-focused, online-oriented gaming company. Chairman Ryan Cohen envisions turning it into the \"Amazon of gaming.\"\nIt's starting from a solid foundation, having used the meme stock trading frenzy that boosted its share price to raise new capital to completely pay off its debt. While that diluted existing shareholders, not something to be taken lightly, it did allow the company to replenish its coffers and position itself to implement its strategy.\nSince gaming is increasingly moving toward digital downloads and online play, it's essential GameStop move in that direction as well. Theaters can't really respond effectively to how viewers are watching movies today; GameStop has a chance to reinvent itself in a way few businesses can.\nThere's no doubt GameStop is the riskiest of these three because it's a bet on an essentially untried transition. But the pandemic did show people turning to GameStop's e-commerce platform in record numbers, which indicates its well-known brand could be a beacon for customers seeking gaming media, equipment, reviews, and more from the retailer.\nInstead of betting on AMC's declining business and industry, GameStop is a stock that could pay off handsomely if you wait for it to offer attractive valuations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129450798,"gmtCreate":1624382898814,"gmtModify":1703835197051,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129450798","repostId":"1190428306","repostType":4,"repost":{"id":"1190428306","pubTimestamp":1624376180,"share":"https://ttm.financial/m/news/1190428306?lang=&edition=fundamental","pubTime":"2021-06-22 23:36","market":"us","language":"en","title":"MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens","url":"https://stock-news.laohu8.com/highlight/detail?id=1190428306","media":"Bloomberg","summary":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, t","content":"<ul>\n <li>Bitcoin sinks below $30,000 for the first time in five months.</li>\n <li>MicroStrategy falls as much as 12%, the most since May.</li>\n</ul>\n<p>MicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.</p>\n<p>The enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.</p>\n<p>MicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.</p>\n<p>The company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.</p>\n<p>With Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.</p>\n<p>Ebang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.</p>\n<p><img src=\"https://static.tigerbbs.com/be8d5a0859fc0983030b6509fd440adb\" tg-width=\"558\" tg-height=\"313\">Elon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.</p>\n<p>“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier &amp; Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens</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\">\nMicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy Incorporated"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190428306","content_text":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.\nThe enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.\nMicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.\nThe company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.\nWith Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.\nEbang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.\nElon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.\n“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier & Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166362145,"gmtCreate":1623992348987,"gmtModify":1703825970136,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166362145","repostId":"1161664678","repostType":4,"repost":{"id":"1161664678","pubTimestamp":1623979525,"share":"https://ttm.financial/m/news/1161664678?lang=&edition=fundamental","pubTime":"2021-06-18 09:25","market":"us","language":"en","title":"7 Best Hidden Gem Stocks That Are Flying Under the Radar","url":"https://stock-news.laohu8.com/highlight/detail?id=1161664678","media":"InvestorPlace","summary":"You can still pick up lesser-known stocks despite the rabid bullishness\nSource: Shutterstock\nI’m not","content":"<p>You can still pick up lesser-known stocks despite the rabid bullishness</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc87f0082e92d4a6495d38b6514db83e\" tg-width=\"1024\" tg-height=\"576\"><span>Source: Shutterstock</span></p>\n<p>I’m not entirely sure how true this is today. But back in 2015,<i>CNN Business</i>&nbsp;released a report that indicated that the&nbsp;number of individual equity units peaked at 7,652&nbsp;during the summer of 1998. That of course was when speculation was building toward the eventual internet and technology bubble. In 2015, the number eventually slid to 3,812. Still, that’s plenty enough to find hidden gem stocks to buy.</p>\n<p>With multiple initial public offerings (IPOs) — especially from special purpose acquisition companies (SPACs) — the number of publicly traded securities has surely grown over the nearly six years since the<i>CNN</i>report went live. Just from statistical realities, it’s just not possible for every equity unit to be bid up with the same level of enthusiasm as the most popular securities. Therefore, even in this crazy bull market, you can find hidden gem stocks.</p>\n<p>Interestingly, the meme stock phenomenon provides an excellent example of the opportunities still available with hidden gem stocks. As you know, coordinated efforts on social media have driven up securities that were left for dead. But as the hordes pile into one name, others tend to shed their newfound valuation spikes. It’s like caring for your plants — if you don’t water them all, some will wither away.</p>\n<p>Fortunately, that doesn’t happen in the equities sector. Instead, they become hidden gem stocks. While they’re not the easiest to find, the market thrives on popular sentiment and momentum. And not every company and brand can receive an equal amount of love. After all, there are only so many resources to go around.</p>\n<p>True, the&nbsp;extreme speculation&nbsp;in the market has made it extraordinarily difficult to find publicly traded securities that haven’t already shot up to the moon. But again, with thousands of opportunities out there, it’s not possible for every bandwagon to be filled to capacity. Here are my ideas for hidden gem stocks to buy.</p>\n<ul>\n <li><b>Tofutti</b>(OTCMTKS:<b><u>TOFB</u></b>)</li>\n <li><b>Fast Retailing</b>(OTCMKTS:<b><u>FRCOY</u></b>)</li>\n <li><b>IBM</b>(NYSE:<b><u>IBM</u></b>)</li>\n <li><b>Scholastic</b>(NASDAQ:<b><u>SCHL</u></b>)</li>\n <li><b>P.A.M. Transportation Service</b>s (NASDAQ:<b><u>PTSI</u></b>)</li>\n <li><b>Kawasaki Heavy Industries</b>(OTCMKTS:<b><u>KWHIY</u></b>)</li>\n <li><b>First Graphene</b>(OTCMKTS:<b><u>FGPHF</u></b>)</li>\n</ul>\n<p>For this list, I tried to keep it diverse, with ideas from big blue chips that have gone underappreciated to smaller speculative names that could be the gamechangers of tomorrow. Practice careful money management with these hidden gem stocks and who knows? You might enjoy significant profitability.</p>\n<p><b>Tofutti (TOFB)</b></p>\n<p>To kick things off, I’m going with Tofutti. You might know this brand as the manufacturer of dairy-free soy based ice cream. It’s a brilliant concept because I don’t know anybody who doesn’t like ice cream. And rest assured that you’re terrible person if you don’t (I’m just kidding). However, lactose intolerance is very common in the U.S.</p>\n<p>According to MedlinePlus, a government health resource, about “30 million American adults have some degree of lactose intolerance&nbsp;by age 20.” Further, it goes on to state that every demographic is affected by lactose intolerance to some degree (although the least affected are western or northern Europeans). With the population of this country becoming more diverse, you’d expect that the fundamental narrative for TOFB stock will only improve.</p>\n<p>Better yet, Tofutti isn’t just about ice cream. Instead, the company diversified into other product categories, including various cheeses and frozen foods. To be sure, TOFB stock is on the smaller side of the spectrum, with a market capitalization south of $17 million. Still, with health consciousness increasing in scope, you should look into Tofutti as one of the hidden gem stocks to consider.</p>\n<p><b>Fast Retailing (FRCOY)</b></p>\n<p>When I was watching an interview with Steven Yeun of<i>The Walking Dead</i>fame — I believe it was with Conan O’Brien but don’t quote me on that — he stated that he likes visiting Japan to buy clothing. I thought to myself that this was strange. Why fly all the way over there when you can&nbsp;buy clothes from this guy?</p>\n<p>The reality is that brands under Japan’s Fast Retailing — most notable for its primary subsidiary Uniqlo — fit people hailing or originating from countries in the eastern hemisphere much better than western fashion brands. And I would say that’s really true for American fashion, which is one of the most difficult jobs in the world.</p>\n<p>Think about it: you’ve got a very diverse population so it’s challenging to say what is the size of the average American person. Also,many people here are widening out, which adds to the complexity.</p>\n<p>On the other hand, in the eastern hemisphere, it’s much easier to pinpoint who your average target customer is. Following an expected disruption from the novel coronavirus, FRCOY stock looks to make a comeback with a solid first quarter of 2021 earnings report. This definitely belongs in your list of hidden gem stocks to consider.</p>\n<p><b>IBM (IBM)</b></p>\n<p>I’m probably going to face some criticism for this so let’s just address it. How can I possibly put IBM on a list of hidden gem stocks to buy? Yes, it may be an investment that’s worthy of your portfolio. But it’s hardly an unknown asset. I mean, it’s listed among the 30 companies in the&nbsp;<b>Dow Jones Industrial Average</b>. I get it.</p>\n<p>At the same time, IBM stock has gained 16% on a year-to-date (YTD) basis. This beat out&nbsp;<b>Intel</b>(NASDAQ:<b><u>INTC</u></b>), which is up 14.7% over the same frame. Even more surprising, the toast of Wall Street in the semiconductor space,<b>Advanced Micro Devices</b>(NASDAQ:<b><u>AMD</u></b>), is down nearly 8% for the year. Yet you don’t see too many folks on the mainstream pound the table on Big Blue.</p>\n<p>That’s why I put IBM on this list of hidden gem stocks. They should be pounding the table. Primarily, the company offers incredible acumen across several tech segments, including the blockchain. What I like about IBM blockchain over decentralized platforms is that if you as a client have a problem with it, you can always reach out to IBM.</p>\n<p>Who are you going to talk to in a purely decentralized blockchain? Some miner in Lithuania? Not going to happen. Second, IBM stock has a solid dividend yield, something you don’t want to ignore during these uncertain times.</p>\n<p><b>Scholastic (SCHL)</b></p>\n<p>Likely on the very edge of being considered one of the hidden gem stocks because of its incredible performance, I’m still going to stick Scholastic in here simply because education-related equity units will be super-relevant moving forward. But yes, the performance is outrageous. On a YTD basis, SCHL stock gained almost 55%. Not bad for a company specializing in schoolbooks.</p>\n<p>Of course, because of the Covid-19 crisis, the nature of education encountered an unexpected paradigm shift. Suddenly, online learning protocols became all the rage. This had negative implications for SCHL but the real question was this: is online learning truly effective?</p>\n<p>As with anything, much debate surrounds the issue. Christine Greenhow, associate professor of educational technology in the College of Education at Michigan State University stated that “Online learning can be as good or even better&nbsp;than in-person classroom learning…but it has to be done right.” On the other hand, a columnist for the University of Alabama opined that&nbsp;face-to-face learning is superior, especially once realizing the realities of online learning due to Covid-19.”</p>\n<p>Personally, I believe face-to-face learning will make a big comeback and that should put SCHL in the driver’s seat.</p>\n<p><b>P.A.M. Transportation Services (PTSI)</b></p>\n<p>One of the riskier hidden gem stocks, P.A.M. Transportation Services is likely a company in the namesake industry that you probably haven’t heard of. According to its website, P.A.M. provides “nationwide dry van truckload, expedited truckload, intermodal, and logistics services to the manufacturing, retail, and automotive industries.” As well, it runs irregular routes, with these attributes providing an intriguing case for PTSI stock.</p>\n<p>First, according to the&nbsp;<b>Dow Jones Transportation Average</b>, the&nbsp;underlying sector is red hot. The benchmark index recently hit an all-time high and still remains incredibly elevated. Sure enough, PTSI stock is up nearly 20% YTD and up almost 84% over the trailing year. As the country gradually recovers from the Covid-19 crisis, it’s possible that the transportation sector can run even higher.</p>\n<p>On a side note, P.A.M.’s automotive transportation services business should perform well considering that car sales have gone ballistic, particularly in the used-car market.</p>\n<p>Second, the irregular route specialty may come in handy as millennials who are desperate to buy a home in this crazy environment choose neighborhoods that are off the beaten path. Thanks to the shift toward remote work, these lesser-known neighborhoods are now on the radar.</p>\n<p>Of course, when a sector is red hot, it may signal a possible correction. Therefore, approach PTSI carefully.</p>\n<p><b>Kawasaki Heavy Industries (KWHIY)</b></p>\n<p>For the last two corporations on this list of hidden gem stocks, I’m going to go off on the highly speculative route. Before you place an objection about it, just note that I’m giving you fair warning ahead of time. To lead off, I’ll begin with the least risky of the speculative names, Kawasaki Heavy Industries.</p>\n<p>For you riding enthusiasts, you’ll know Kawasaki as the manufacturer of the famous Ninja brand of motorcycles. Additionally, the company makes off-road vehicles and jet skis. But you may be surprised to learn that Kawasaki is roughly the equivalent of Japan’s&nbsp;<b>General Electric</b>(NYSE:<b><u>GE</u></b>), with influence on several industries, including robotics, construction, material handling and oil and gas facilities.</p>\n<p>But the area I’m focusing on is defense and security. As an island nation, Japan has a rather formidable maritime security infrastructure and that’s in no small part to Kawasaki. With the Pacific theater already a hot bed of geopolitical tension and with relations unlikely to improve, the cynical business narrative for KWHIY stock could dramatically improve.</p>\n<p>But the problem is, it better. The Covid-19 crisis negatively affected Kawasaki. From recent revenue trends, it appears that the company’s revenue for the fiscal year ended March 31, 2021 will be down double digits against the year-ago comparison.</p>\n<p><b>First Graphene (FGPHF)</b></p>\n<p>Easily the riskiest hidden gem stocks on this list, First Graphene also has the biggest potential. Headquartered in Australia, its geographic location is one hidden gem that many folks don’t appreciate. There are plenty of opportunities in the&nbsp;<b>Australian Securities Exchange</b>&nbsp;that you should look into if you have access to foreign equity units.</p>\n<p>If not, you’re in luck with FGPHF stock. Underlining this security is in my opinion a company that can spark the most profound paradigm shift across all industries. Specializing in the research and development of the namesake graphene, this physics miracle is the&nbsp;thinnest material known to exist. Basically, graphene is a two-dimensional object, which is difficult to conceptualize. But it’s also&nbsp;200-times stronger than steel.</p>\n<p>These attributes have tremendous implications as additives to enhance resilience and durability for construction materials. Graphene can also play a game-changing role in electric vehicles, catalyzing innovations in battery technology that can deliver range and performance at a reasonable price.</p>\n<p>Of course, the downside of graphene is scientists have long known about its remarkable qualities but no one has been able to convert this into commercially viable applications at scale. Maybe First Graphene will be the first or maybe not. For what it’s worth, it has my speculation funds.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Best Hidden Gem Stocks That Are Flying Under the Radar</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\">\n7 Best Hidden Gem Stocks That Are Flying Under the Radar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/7-best-hidden-gem-stocks-flying-under-radar/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You can still pick up lesser-known stocks despite the rabid bullishness\nSource: Shutterstock\nI’m not entirely sure how true this is today. But back in 2015,CNN Business released a report that ...</p>\n\n<a href=\"https://investorplace.com/2021/06/7-best-hidden-gem-stocks-flying-under-radar/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TOFB":"Tofutti Brands, Inc.","PTSI":"P.A.M. Transportation Services","FGPHF":"First Graphene Limited","IBM":"IBM","SCHL":"学乐集团","FRCOY":"Fast Retailing Co. Ltd.","KWHIY":"Kawasaki Heavy Industries Ltd."},"source_url":"https://investorplace.com/2021/06/7-best-hidden-gem-stocks-flying-under-radar/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161664678","content_text":"You can still pick up lesser-known stocks despite the rabid bullishness\nSource: Shutterstock\nI’m not entirely sure how true this is today. But back in 2015,CNN Business released a report that indicated that the number of individual equity units peaked at 7,652 during the summer of 1998. That of course was when speculation was building toward the eventual internet and technology bubble. In 2015, the number eventually slid to 3,812. Still, that’s plenty enough to find hidden gem stocks to buy.\nWith multiple initial public offerings (IPOs) — especially from special purpose acquisition companies (SPACs) — the number of publicly traded securities has surely grown over the nearly six years since theCNNreport went live. Just from statistical realities, it’s just not possible for every equity unit to be bid up with the same level of enthusiasm as the most popular securities. Therefore, even in this crazy bull market, you can find hidden gem stocks.\nInterestingly, the meme stock phenomenon provides an excellent example of the opportunities still available with hidden gem stocks. As you know, coordinated efforts on social media have driven up securities that were left for dead. But as the hordes pile into one name, others tend to shed their newfound valuation spikes. It’s like caring for your plants — if you don’t water them all, some will wither away.\nFortunately, that doesn’t happen in the equities sector. Instead, they become hidden gem stocks. While they’re not the easiest to find, the market thrives on popular sentiment and momentum. And not every company and brand can receive an equal amount of love. After all, there are only so many resources to go around.\nTrue, the extreme speculation in the market has made it extraordinarily difficult to find publicly traded securities that haven’t already shot up to the moon. But again, with thousands of opportunities out there, it’s not possible for every bandwagon to be filled to capacity. Here are my ideas for hidden gem stocks to buy.\n\nTofutti(OTCMTKS:TOFB)\nFast Retailing(OTCMKTS:FRCOY)\nIBM(NYSE:IBM)\nScholastic(NASDAQ:SCHL)\nP.A.M. Transportation Services (NASDAQ:PTSI)\nKawasaki Heavy Industries(OTCMKTS:KWHIY)\nFirst Graphene(OTCMKTS:FGPHF)\n\nFor this list, I tried to keep it diverse, with ideas from big blue chips that have gone underappreciated to smaller speculative names that could be the gamechangers of tomorrow. Practice careful money management with these hidden gem stocks and who knows? You might enjoy significant profitability.\nTofutti (TOFB)\nTo kick things off, I’m going with Tofutti. You might know this brand as the manufacturer of dairy-free soy based ice cream. It’s a brilliant concept because I don’t know anybody who doesn’t like ice cream. And rest assured that you’re terrible person if you don’t (I’m just kidding). However, lactose intolerance is very common in the U.S.\nAccording to MedlinePlus, a government health resource, about “30 million American adults have some degree of lactose intolerance by age 20.” Further, it goes on to state that every demographic is affected by lactose intolerance to some degree (although the least affected are western or northern Europeans). With the population of this country becoming more diverse, you’d expect that the fundamental narrative for TOFB stock will only improve.\nBetter yet, Tofutti isn’t just about ice cream. Instead, the company diversified into other product categories, including various cheeses and frozen foods. To be sure, TOFB stock is on the smaller side of the spectrum, with a market capitalization south of $17 million. Still, with health consciousness increasing in scope, you should look into Tofutti as one of the hidden gem stocks to consider.\nFast Retailing (FRCOY)\nWhen I was watching an interview with Steven Yeun ofThe Walking Deadfame — I believe it was with Conan O’Brien but don’t quote me on that — he stated that he likes visiting Japan to buy clothing. I thought to myself that this was strange. Why fly all the way over there when you can buy clothes from this guy?\nThe reality is that brands under Japan’s Fast Retailing — most notable for its primary subsidiary Uniqlo — fit people hailing or originating from countries in the eastern hemisphere much better than western fashion brands. And I would say that’s really true for American fashion, which is one of the most difficult jobs in the world.\nThink about it: you’ve got a very diverse population so it’s challenging to say what is the size of the average American person. Also,many people here are widening out, which adds to the complexity.\nOn the other hand, in the eastern hemisphere, it’s much easier to pinpoint who your average target customer is. Following an expected disruption from the novel coronavirus, FRCOY stock looks to make a comeback with a solid first quarter of 2021 earnings report. This definitely belongs in your list of hidden gem stocks to consider.\nIBM (IBM)\nI’m probably going to face some criticism for this so let’s just address it. How can I possibly put IBM on a list of hidden gem stocks to buy? Yes, it may be an investment that’s worthy of your portfolio. But it’s hardly an unknown asset. I mean, it’s listed among the 30 companies in the Dow Jones Industrial Average. I get it.\nAt the same time, IBM stock has gained 16% on a year-to-date (YTD) basis. This beat out Intel(NASDAQ:INTC), which is up 14.7% over the same frame. Even more surprising, the toast of Wall Street in the semiconductor space,Advanced Micro Devices(NASDAQ:AMD), is down nearly 8% for the year. Yet you don’t see too many folks on the mainstream pound the table on Big Blue.\nThat’s why I put IBM on this list of hidden gem stocks. They should be pounding the table. Primarily, the company offers incredible acumen across several tech segments, including the blockchain. What I like about IBM blockchain over decentralized platforms is that if you as a client have a problem with it, you can always reach out to IBM.\nWho are you going to talk to in a purely decentralized blockchain? Some miner in Lithuania? Not going to happen. Second, IBM stock has a solid dividend yield, something you don’t want to ignore during these uncertain times.\nScholastic (SCHL)\nLikely on the very edge of being considered one of the hidden gem stocks because of its incredible performance, I’m still going to stick Scholastic in here simply because education-related equity units will be super-relevant moving forward. But yes, the performance is outrageous. On a YTD basis, SCHL stock gained almost 55%. Not bad for a company specializing in schoolbooks.\nOf course, because of the Covid-19 crisis, the nature of education encountered an unexpected paradigm shift. Suddenly, online learning protocols became all the rage. This had negative implications for SCHL but the real question was this: is online learning truly effective?\nAs with anything, much debate surrounds the issue. Christine Greenhow, associate professor of educational technology in the College of Education at Michigan State University stated that “Online learning can be as good or even better than in-person classroom learning…but it has to be done right.” On the other hand, a columnist for the University of Alabama opined that face-to-face learning is superior, especially once realizing the realities of online learning due to Covid-19.”\nPersonally, I believe face-to-face learning will make a big comeback and that should put SCHL in the driver’s seat.\nP.A.M. Transportation Services (PTSI)\nOne of the riskier hidden gem stocks, P.A.M. Transportation Services is likely a company in the namesake industry that you probably haven’t heard of. According to its website, P.A.M. provides “nationwide dry van truckload, expedited truckload, intermodal, and logistics services to the manufacturing, retail, and automotive industries.” As well, it runs irregular routes, with these attributes providing an intriguing case for PTSI stock.\nFirst, according to the Dow Jones Transportation Average, the underlying sector is red hot. The benchmark index recently hit an all-time high and still remains incredibly elevated. Sure enough, PTSI stock is up nearly 20% YTD and up almost 84% over the trailing year. As the country gradually recovers from the Covid-19 crisis, it’s possible that the transportation sector can run even higher.\nOn a side note, P.A.M.’s automotive transportation services business should perform well considering that car sales have gone ballistic, particularly in the used-car market.\nSecond, the irregular route specialty may come in handy as millennials who are desperate to buy a home in this crazy environment choose neighborhoods that are off the beaten path. Thanks to the shift toward remote work, these lesser-known neighborhoods are now on the radar.\nOf course, when a sector is red hot, it may signal a possible correction. Therefore, approach PTSI carefully.\nKawasaki Heavy Industries (KWHIY)\nFor the last two corporations on this list of hidden gem stocks, I’m going to go off on the highly speculative route. Before you place an objection about it, just note that I’m giving you fair warning ahead of time. To lead off, I’ll begin with the least risky of the speculative names, Kawasaki Heavy Industries.\nFor you riding enthusiasts, you’ll know Kawasaki as the manufacturer of the famous Ninja brand of motorcycles. Additionally, the company makes off-road vehicles and jet skis. But you may be surprised to learn that Kawasaki is roughly the equivalent of Japan’s General Electric(NYSE:GE), with influence on several industries, including robotics, construction, material handling and oil and gas facilities.\nBut the area I’m focusing on is defense and security. As an island nation, Japan has a rather formidable maritime security infrastructure and that’s in no small part to Kawasaki. With the Pacific theater already a hot bed of geopolitical tension and with relations unlikely to improve, the cynical business narrative for KWHIY stock could dramatically improve.\nBut the problem is, it better. The Covid-19 crisis negatively affected Kawasaki. From recent revenue trends, it appears that the company’s revenue for the fiscal year ended March 31, 2021 will be down double digits against the year-ago comparison.\nFirst Graphene (FGPHF)\nEasily the riskiest hidden gem stocks on this list, First Graphene also has the biggest potential. Headquartered in Australia, its geographic location is one hidden gem that many folks don’t appreciate. There are plenty of opportunities in the Australian Securities Exchange that you should look into if you have access to foreign equity units.\nIf not, you’re in luck with FGPHF stock. Underlining this security is in my opinion a company that can spark the most profound paradigm shift across all industries. Specializing in the research and development of the namesake graphene, this physics miracle is the thinnest material known to exist. Basically, graphene is a two-dimensional object, which is difficult to conceptualize. But it’s also 200-times stronger than steel.\nThese attributes have tremendous implications as additives to enhance resilience and durability for construction materials. Graphene can also play a game-changing role in electric vehicles, catalyzing innovations in battery technology that can deliver range and performance at a reasonable price.\nOf course, the downside of graphene is scientists have long known about its remarkable qualities but no one has been able to convert this into commercially viable applications at scale. Maybe First Graphene will be the first or maybe not. For what it’s worth, it has my speculation funds.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166363351,"gmtCreate":1623992143573,"gmtModify":1703825965303,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!&nbsp;","listText":"Nice!&nbsp;","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166363351","repostId":"2144402567","repostType":4,"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166369691,"gmtCreate":1623992108913,"gmtModify":1703825964319,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Good info!","listText":"Good info!","text":"Good info!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166369691","repostId":"1161664678","repostType":4,"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":126131902,"gmtCreate":1624546974306,"gmtModify":1703840080847,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126131902","repostId":"1154733193","repostType":4,"repost":{"id":"1154733193","pubTimestamp":1624536552,"share":"https://ttm.financial/m/news/1154733193?lang=&edition=fundamental","pubTime":"2021-06-24 20:09","market":"us","language":"en","title":"Biogen Stock Drops Premarket","url":"https://stock-news.laohu8.com/highlight/detail?id=1154733193","media":"The Wall Street Journal","summary":"Biogen shares dropped over 7% in premarket trading.\n\nThe stock has soared since the FDA gave its sta","content":"<p>Biogen shares dropped over 7% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/03125372f62e0f168465fa41a7405a57\" tg-width=\"658\" tg-height=\"440\"></p>\n<p>The stock has soared since the FDA gave its stamp of approval for an Alzheimer's drug from Biogen earlier this month. As of Wednesday close, the stock was up over 50% this year, compared with the S&amp;P 500's roughly 13% advance.</p>\n<p>The drug would be the first new treatment for the disease in decades. But the FDA approval has been mired in controversy, with the agency's own statisticians saying there was insufficient evidence to support approval.</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>Biogen Stock Drops Premarket</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\">\nBiogen Stock Drops Premarket\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 20:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/livecoverage/stock-market-news-live-updates-062421/card/dxN6UHk54SMgjBK70YIp><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biogen shares dropped over 7% in premarket trading.\n\nThe stock has soared since the FDA gave its stamp of approval for an Alzheimer's drug from Biogen earlier this month. As of Wednesday close, the ...</p>\n\n<a href=\"https://www.wsj.com/livecoverage/stock-market-news-live-updates-062421/card/dxN6UHk54SMgjBK70YIp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司"},"source_url":"https://www.wsj.com/livecoverage/stock-market-news-live-updates-062421/card/dxN6UHk54SMgjBK70YIp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154733193","content_text":"Biogen shares dropped over 7% in premarket trading.\n\nThe stock has soared since the FDA gave its stamp of approval for an Alzheimer's drug from Biogen earlier this month. As of Wednesday close, the stock was up over 50% this year, compared with the S&P 500's roughly 13% advance.\nThe drug would be the first new treatment for the disease in decades. But the FDA approval has been mired in controversy, with the agency's own statisticians saying there was insufficient evidence to support approval.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129459735,"gmtCreate":1624382941527,"gmtModify":1703835199846,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!&nbsp;","listText":"Nice!&nbsp;","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129459735","repostId":"2145052095","repostType":4,"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129450798,"gmtCreate":1624382898814,"gmtModify":1703835197051,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129450798","repostId":"1190428306","repostType":4,"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166362145,"gmtCreate":1623992348987,"gmtModify":1703825970136,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166362145","repostId":"1161664678","repostType":4,"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166363351,"gmtCreate":1623992143573,"gmtModify":1703825965303,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Nice!&nbsp;","listText":"Nice!&nbsp;","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166363351","repostId":"2144402567","repostType":4,"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166369691,"gmtCreate":1623992108913,"gmtModify":1703825964319,"author":{"id":"3586221024979214","authorId":"3586221024979214","name":"Fai_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586221024979214","idStr":"3586221024979214"},"themes":[],"htmlText":"Good info!","listText":"Good info!","text":"Good info!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166369691","repostId":"1161664678","repostType":4,"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}