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04-28

$iQiyi Inc.(IQ)$ more to come [Miser] [Miser]

2022-09-23

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ASML: A Growing And Profitable Monopoly Franchise

2022-09-15

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3 Hydrogen Stocks to Buy for the $11 Trillion Breakout

2022-09-12

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2022-09-02

[Onlooker] [Onlooker]

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2022-03-30

Wow

AMC Stock Springs Back to Life, but Buyer Beware

2022-03-16

$iQiyi Inc.(IQ)$wow

2022-03-16

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Oil Prices Tumble Below $100 and Keep Falling. Here’s Why.

2022-03-08

🥲

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2022-02-28

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2022-02-23

I feel like buying pltr now [LOL]

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2022-02-19

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2022-02-19

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2022-02-19

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Nvidia Earnings: Showing The Market Still Needs To Recalibrate

2022-02-11

Not a good year for FB

Could Meta Platforms Stock Double Over the Next 12 Months?

2022-02-10

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Rivian Has Become A Bargain

2022-02-09

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Alibaba Shares Jumped 1.5% in Premarket Trading

2022-02-07

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2022-02-05

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@TigerEvents:Join Tiger Ski Championship, Win a Bonus of Up to USD 2022

2022-02-05

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Go to Tiger App to see more news

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href=\"https://ttm.financial/S/IQ\">$iQiyi Inc.(IQ)$ </a> more to come&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/IQ\">$iQiyi Inc.(IQ)$ </a> more to come&nbsp;[Miser]&nbsp;&nbsp;[Miser]&nbsp;&nbsp;","text":"$iQiyi Inc.(IQ)$ more to come [Miser] [Miser]","images":[{"img":"https://community-static.tradeup.com/news/63b411ac8eeaa3b0534abe5fd9f72112","width":"882","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300021275427056","isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9913944046,"gmtCreate":1663900951786,"gmtModify":1676537360010,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913944046","repostId":"2269695170","repostType":4,"repost":{"id":"2269695170","pubTimestamp":1663900059,"share":"https://www.laohu8.com/m/news/2269695170?lang=&edition=full","pubTime":"2022-09-23 10:27","market":"us","language":"en","title":"ASML: A Growing And Profitable Monopoly Franchise","url":"https://stock-news.laohu8.com/highlight/detail?id=2269695170","media":"Seeking Alpha","summary":"SummaryASML enjoys a monopoly position by being the only supplier of cutting-edge lithography system","content":"<html><head></head><body><p>Summary</p><ul><li>ASML enjoys a monopoly position by being the only supplier of cutting-edge lithography systems.</li><li>The increasing demand for chips and its solid pricing power should support ASML’s growth profile for many years.</li><li>Current valuations suggest upside potential provided the company keeps delivering strong operational results.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9ecd68eb158bec2dfd3c66dc4c256e3\" tg-width=\"750\" tg-height=\"500\" width=\"100%\" height=\"auto\"/><span>Michael Vi</span></p><h2><b>Company overview</b></h2><p>ASML Holding (NASDAQ:ASML) is one of the world’s largest developer, manufacturer and supplier of semiconductors manufacturing equipment. The group sells lithography systems to semiconductor manufacturers such as TSMC (TSM), Samsung (OTCPK:SSNLF) or Intel (INTC). These lithography systems enable chipmakers to print with a high degree of precision the patterns that form the electronic circuits on a chip. The company is headquartered in Amsterdam and has a market capitalization of around € 188B<i>.</i></p><p>ASML produces two kind of lithography systems: Deep Ultraviolet (DUV) and Extreme Ultraviolet (EUV). DUV is an old technology that has evolved over time while EUV is a new state-of-the-art technology. EUV technology has been developed by ASML, which is the only provider of EUV machines. This technology is very complex and enables to produce light with much shorter wavelengths than DUV light (13.5 nanometer, which is 14 times shorter!). The shorter the wavelengths, the higher the precision and the thinner the lines printed on the microchips, which allow semiconductor manufacturers to increase the number of transistors on a chip, thus significantly improving its performance. The thickness of patterns and details etchings can now be up to 5 nanometers, which is impressive given a 5 nm etch is twenty thousand times thinner than the thickness of an A4 paper. To be fair, more advanced DUV systems (immersion systems) can also produce up to 5 nm chips but the process requires multiples immersions (given DUV systems etch 32 nm patterns per single exposure) while EUV can do it at once, resulting in better productivity and lower production costs. According to Morningstar, such technology reduces the cycle-time by 3-to-6 times and reduces costs by 15% to 50% compared with multiple patterning schemes. In addition to lithography systems, ASML also sells metrology and inspection systems that measure the quality of patterns on chips and help to locate and analyze chip defects.</p><p>ASML generates three quarters of its revenue with the sales of systems and one quarter with the sales of services.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b480722cbe5925ba2120fa3242ac822\" tg-width=\"598\" tg-height=\"441\" width=\"100%\" height=\"auto\"/><span>Source: Annual report</span></p><h2><b>Moats</b></h2><p>ASML has strong intangible assets backed by technological superiority (only player to have developed EUV systems), well-educated and specialized workforce and large R&amp;D spending. The company has spent 17.5% of its revenue over the last decade in R&amp;D, which represented an R&amp;D budget of € 750M a decade ago and amounts € 2.5B nowadays. Total R&amp;D spending amounts € 14.2B over the last decade and they have started to develop this technology at least since 2005. Besides, the company has a strong relationship with its key customers, which participate to the development and financing of the EUV technology. In 2012, TSMC, Samsung and Intel, the three most important customers, acquired an aggregate 23% equity stake in order to fund the development of EUV. Since then, they all have sold their shares.</p><p>The time and money required for the development of similar technologies are real barriers to entry. The technological expertise is even more difficult to overcome as highlighted by the inability for existing competitors such as Nikon and Canon to compete with ASML for EUV tools despite being able to produce DUV systems. Finally, customers are more likely to prefer ASML’s products (for a similar level of performance) because they trust the brand and are already familiar with existing products. A potential competitor would have to develop a much better technology or a significant cheaper one to eventually convince chipmakers to switch.</p><h2><b>ASML Stock key metrics</b></h2><p>ASML&#39;s financial numbers are very impressive. Revenue grew at a 13% CAGR over the last decade and grew at an even faster pace of 22% CAGR over the period 2016/2021 thanks to the launch of higher-priced EUV systems (first unit sold in 2015). Operating margins improved from 25.6% in 2016 to 36.3% in 2021. As a result, EPS and FCF per share grew at a 31% and 50% CAGR over the same period, respectively. Finally, the ROIC improved significantly and averaged roughly 30% in average since 2015. Please note that 2021 ROIC benefits from the huge increase in deferred revenue that reduce the working capital (higher current liabilities).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e1cb2d181a98b170b64ecaae7700a2e\" tg-width=\"705\" tg-height=\"298\" width=\"100%\" height=\"auto\"/><span>Source: Author and annual reports</span></p><p>The company is highly cash generative, which enable ASML to generate enough cash flow to pay for its development. ASML spent most of its cash on share buyback and dividend after meeting its capex requirements and occasional M&amp;A transactions.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24c24b940d62ba3d3ff68b880a29125f\" tg-width=\"851\" tg-height=\"304\" width=\"100%\" height=\"auto\"/><span>Source: Author</span></p><h2><b>Growth opportunities</b></h2><p>Semiconductors are mission-critical components that are essential in the proper functioning of electronic goods. Given continuous technological progress (5G, artificial intelligence…), increasing connectivity and data usage (autonomous vehicle, cloud computing, IoT…), and a strong willingness from humans to adopt new technologies, the demand for semiconductors is poised to keep growing over the coming decade. In addition, many governments consider semiconductors as an important part of their sovereignty and support projects that will bring back production capacity in their countries.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7b11e4a61471ce07c1e4280c51ba160\" tg-width=\"1280\" tg-height=\"739\" width=\"100%\" height=\"auto\"/><span>Source: ASML</span></p><p>Improving the performance of a chip requires decreasing the etching thickness of integrated circuits, which will support the uptake of cutting-edge EUV tools. While the number of EUV system units shipped has increased significantly since its launch in 2015 (86% CAGR), it still account for a small portion of unit-mix (8% of total unit sold). However, EUV machines enjoy a much higher selling prices and stronger pricing power than other systems. As a result, EUV accounts now for 46% of total systems revenue whereas it was only 2% in 2015.</p><blockquote>ASML has sold a total of about 140 EUV systems in the past decade, each one now costing up to $200 million, according to Wennink. The price tag for its next machine, called High NA, will be more than $300 million.</blockquote><blockquote>Source: CNBC</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9eb9ce774f9ea8dd59498f279c0b0d33\" tg-width=\"774\" tg-height=\"450\" width=\"100%\" height=\"auto\"/><span>Source: Annual reports and author</span></p><p>The services segment accounts for about a quarter of total revenue and has also been growing nicely (a 17% CAGR since 2015) thanks to the growing installed base (15% units CAGR over the same period). The installed base should continue to grow going forward thanks to the increasing number of system sales. Customers will most likely continue to value high-value services such as software and tool upgrades that enable to improve the productivity (downtime reduction, cost reductions, production optimization, defect detection…) and extend the lifetime of systems.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59391f272a6a531d80c142712f3ca238\" tg-width=\"818\" tg-height=\"148\" width=\"100%\" height=\"auto\"/><span>Source: Annual reports and author</span></p><p>The companyexpects to generate between $ 24B and $ 30B of revenue in 2025 and believe that revenue will grow at a 11% CAGR over the period 2020/2030. Gross margin should improve from 52.7% in 2021 to≈ 55% in 2025 (midpoint of the 54%/56% guidance). We believe that these estimates are realistic because the demand is very strong as highlighted by the order book (more about that in the next section) and higher-margin EUV systems will account for a larger portion of business mix.</p><h2><b>A quick review of Q2 financial results</b></h2><p>ASML reported better than expected Q2 financial results but lowered its Q3 and full-year outlook. However, the company remains positive on global demand despite a more challenging economic environment. ASML does not notice any cancellations or push out from its clients and still face a demand, which is above its current manufacturing capacity. Total orders are at an all-time high (€ 8.5B) and the backlog reaches € 33B, offering significant visibility.</p><p>ASML now expects a full-year revenue growth of 10% (20% previously) and a gross margin comprised between 49% and 50% (52% previously). The guidance downgrade is the result of lower revenue due to fast shipments combined with an unfavorable product mix (fewer EUV systems) and inflationary pressure. In general, ASML completes final tests within its production facilities before shipping the systems to its clients. However, clients want to receive systems as quickly as possible because ASML faced delays in systems production because of supply-chain issues. As a result, ASML accelerates the delivery process by postponing the final tests in customer locations but cannot close the transaction before these tests have been fully implemented, thus revenue are not recognized (they are booked as deferred revenue).</p><p>The lower 2022 revenue expectations is not an issue for two reasons: 1) it does not affect cash flow (invoiced upon shipment) and 2) the situation will reverse over time (meaning that ASML will book more revenue at some time than what the number of shipment implies). We note that the guidance downgrade is fully the result of a delay in revenue recognition and has nothing to do with the number of systems shipped or the price of these systems. Indeed, the initial guidance expected 2021 revenue of € 18.6B to grow 20% and reach € 22.3B in 2022. However, the company expects now €2.8 billion value of fast shipments, a € 1.8B increase from initial expectations. Subtracting that number to the original revenue guidance of € 22.3B lead to € 20.5B, which is 10% higher than 2021 revenue, in line with new revenue growth rate expectation.</p><h2><b>Valuation</b></h2><p>The stock currently trades at a 4.9% FCF yield and a forward P/E of 26x, which seems justified for a company able to post a 30% ROIC and to grow revenue at a 10% CAGR over the next decade. Our model assumes that ASML will deliver the high-end of the company guidance in terms of unit sold. On top of that, we pencil strong pricing power (and product-mix improvement) for EUV machines. As a result, our scenario assumes EUR 32,9B revenue in 2025, significantly more than the EUR 30B company guidance. We derive a 41% operating margin and a net income of EUR 11.4B when the consensus forecasts a 38.5% operating margin and EUR 10.5B net income. Finally, we apply a FCF yield of 5% and a PE of 20x to value the company. The expected return is around 6/7% per year over the coming years, to which must be added a dividend yield of 1% (that will increase towards 2% as dividend grows) and the benefit of share repurchases that will most likely yield around 1/2%. As a result, we can expect a return around 8/10% per annum.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d7249db938afc38b2e2d77a8b71eb2c\" tg-width=\"877\" tg-height=\"275\" width=\"100%\" height=\"auto\"/><span>Source: Author</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/370268c063ed9501ebda58f8bf8ecd30\" tg-width=\"492\" tg-height=\"788\" width=\"100%\" height=\"auto\"/><span>Source: Author</span></p><h2><b>Conclusion</b></h2><p>ASML is a high-quality company whose business should continue to grow for many years thanks to the strong demand for semiconductors and its solid pricing power. We believe that the company could still offer attractive returns for its shareholders that is why we are happy to remain shareholders of the company.</p><h2><b>Risks:</b></h2><p>Bargaining power: ASML’s is highly dependent on few powerful clients (TSMC, Samsung, Intel, Micron…)</p><p>Supply chain disruption: ASML relies on a few key suppliers for some strategic components.</p><p>Technological disruption: Failing to develop new cutting-edge technologies while a competitor does could lead to a feat similar to Nikon or Canon who failed to adapt to new lithography technologies.</p><p>Geopolitical risk: Most semiconductors are manufactured in Taiwan.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASML: A Growing And Profitable Monopoly Franchise</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\">\nASML: A Growing And Profitable Monopoly Franchise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-23 10:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542524-asml-growing-profitable-monopoly-franchise><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryASML enjoys a monopoly position by being the only supplier of cutting-edge lithography systems.The increasing demand for chips and its solid pricing power should support ASML’s growth profile ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542524-asml-growing-profitable-monopoly-franchise\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦"},"source_url":"https://seekingalpha.com/article/4542524-asml-growing-profitable-monopoly-franchise","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269695170","content_text":"SummaryASML enjoys a monopoly position by being the only supplier of cutting-edge lithography systems.The increasing demand for chips and its solid pricing power should support ASML’s growth profile for many years.Current valuations suggest upside potential provided the company keeps delivering strong operational results.Michael ViCompany overviewASML Holding (NASDAQ:ASML) is one of the world’s largest developer, manufacturer and supplier of semiconductors manufacturing equipment. The group sells lithography systems to semiconductor manufacturers such as TSMC (TSM), Samsung (OTCPK:SSNLF) or Intel (INTC). These lithography systems enable chipmakers to print with a high degree of precision the patterns that form the electronic circuits on a chip. The company is headquartered in Amsterdam and has a market capitalization of around € 188B.ASML produces two kind of lithography systems: Deep Ultraviolet (DUV) and Extreme Ultraviolet (EUV). DUV is an old technology that has evolved over time while EUV is a new state-of-the-art technology. EUV technology has been developed by ASML, which is the only provider of EUV machines. This technology is very complex and enables to produce light with much shorter wavelengths than DUV light (13.5 nanometer, which is 14 times shorter!). The shorter the wavelengths, the higher the precision and the thinner the lines printed on the microchips, which allow semiconductor manufacturers to increase the number of transistors on a chip, thus significantly improving its performance. The thickness of patterns and details etchings can now be up to 5 nanometers, which is impressive given a 5 nm etch is twenty thousand times thinner than the thickness of an A4 paper. To be fair, more advanced DUV systems (immersion systems) can also produce up to 5 nm chips but the process requires multiples immersions (given DUV systems etch 32 nm patterns per single exposure) while EUV can do it at once, resulting in better productivity and lower production costs. According to Morningstar, such technology reduces the cycle-time by 3-to-6 times and reduces costs by 15% to 50% compared with multiple patterning schemes. In addition to lithography systems, ASML also sells metrology and inspection systems that measure the quality of patterns on chips and help to locate and analyze chip defects.ASML generates three quarters of its revenue with the sales of systems and one quarter with the sales of services.Source: Annual reportMoatsASML has strong intangible assets backed by technological superiority (only player to have developed EUV systems), well-educated and specialized workforce and large R&D spending. The company has spent 17.5% of its revenue over the last decade in R&D, which represented an R&D budget of € 750M a decade ago and amounts € 2.5B nowadays. Total R&D spending amounts € 14.2B over the last decade and they have started to develop this technology at least since 2005. Besides, the company has a strong relationship with its key customers, which participate to the development and financing of the EUV technology. In 2012, TSMC, Samsung and Intel, the three most important customers, acquired an aggregate 23% equity stake in order to fund the development of EUV. Since then, they all have sold their shares.The time and money required for the development of similar technologies are real barriers to entry. The technological expertise is even more difficult to overcome as highlighted by the inability for existing competitors such as Nikon and Canon to compete with ASML for EUV tools despite being able to produce DUV systems. Finally, customers are more likely to prefer ASML’s products (for a similar level of performance) because they trust the brand and are already familiar with existing products. A potential competitor would have to develop a much better technology or a significant cheaper one to eventually convince chipmakers to switch.ASML Stock key metricsASML's financial numbers are very impressive. Revenue grew at a 13% CAGR over the last decade and grew at an even faster pace of 22% CAGR over the period 2016/2021 thanks to the launch of higher-priced EUV systems (first unit sold in 2015). Operating margins improved from 25.6% in 2016 to 36.3% in 2021. As a result, EPS and FCF per share grew at a 31% and 50% CAGR over the same period, respectively. Finally, the ROIC improved significantly and averaged roughly 30% in average since 2015. Please note that 2021 ROIC benefits from the huge increase in deferred revenue that reduce the working capital (higher current liabilities).Source: Author and annual reportsThe company is highly cash generative, which enable ASML to generate enough cash flow to pay for its development. ASML spent most of its cash on share buyback and dividend after meeting its capex requirements and occasional M&A transactions.Source: AuthorGrowth opportunitiesSemiconductors are mission-critical components that are essential in the proper functioning of electronic goods. Given continuous technological progress (5G, artificial intelligence…), increasing connectivity and data usage (autonomous vehicle, cloud computing, IoT…), and a strong willingness from humans to adopt new technologies, the demand for semiconductors is poised to keep growing over the coming decade. In addition, many governments consider semiconductors as an important part of their sovereignty and support projects that will bring back production capacity in their countries.Source: ASMLImproving the performance of a chip requires decreasing the etching thickness of integrated circuits, which will support the uptake of cutting-edge EUV tools. While the number of EUV system units shipped has increased significantly since its launch in 2015 (86% CAGR), it still account for a small portion of unit-mix (8% of total unit sold). However, EUV machines enjoy a much higher selling prices and stronger pricing power than other systems. As a result, EUV accounts now for 46% of total systems revenue whereas it was only 2% in 2015.ASML has sold a total of about 140 EUV systems in the past decade, each one now costing up to $200 million, according to Wennink. The price tag for its next machine, called High NA, will be more than $300 million.Source: CNBCSource: Annual reports and authorThe services segment accounts for about a quarter of total revenue and has also been growing nicely (a 17% CAGR since 2015) thanks to the growing installed base (15% units CAGR over the same period). The installed base should continue to grow going forward thanks to the increasing number of system sales. Customers will most likely continue to value high-value services such as software and tool upgrades that enable to improve the productivity (downtime reduction, cost reductions, production optimization, defect detection…) and extend the lifetime of systems.Source: Annual reports and authorThe companyexpects to generate between $ 24B and $ 30B of revenue in 2025 and believe that revenue will grow at a 11% CAGR over the period 2020/2030. Gross margin should improve from 52.7% in 2021 to≈ 55% in 2025 (midpoint of the 54%/56% guidance). We believe that these estimates are realistic because the demand is very strong as highlighted by the order book (more about that in the next section) and higher-margin EUV systems will account for a larger portion of business mix.A quick review of Q2 financial resultsASML reported better than expected Q2 financial results but lowered its Q3 and full-year outlook. However, the company remains positive on global demand despite a more challenging economic environment. ASML does not notice any cancellations or push out from its clients and still face a demand, which is above its current manufacturing capacity. Total orders are at an all-time high (€ 8.5B) and the backlog reaches € 33B, offering significant visibility.ASML now expects a full-year revenue growth of 10% (20% previously) and a gross margin comprised between 49% and 50% (52% previously). The guidance downgrade is the result of lower revenue due to fast shipments combined with an unfavorable product mix (fewer EUV systems) and inflationary pressure. In general, ASML completes final tests within its production facilities before shipping the systems to its clients. However, clients want to receive systems as quickly as possible because ASML faced delays in systems production because of supply-chain issues. As a result, ASML accelerates the delivery process by postponing the final tests in customer locations but cannot close the transaction before these tests have been fully implemented, thus revenue are not recognized (they are booked as deferred revenue).The lower 2022 revenue expectations is not an issue for two reasons: 1) it does not affect cash flow (invoiced upon shipment) and 2) the situation will reverse over time (meaning that ASML will book more revenue at some time than what the number of shipment implies). We note that the guidance downgrade is fully the result of a delay in revenue recognition and has nothing to do with the number of systems shipped or the price of these systems. Indeed, the initial guidance expected 2021 revenue of € 18.6B to grow 20% and reach € 22.3B in 2022. However, the company expects now €2.8 billion value of fast shipments, a € 1.8B increase from initial expectations. Subtracting that number to the original revenue guidance of € 22.3B lead to € 20.5B, which is 10% higher than 2021 revenue, in line with new revenue growth rate expectation.ValuationThe stock currently trades at a 4.9% FCF yield and a forward P/E of 26x, which seems justified for a company able to post a 30% ROIC and to grow revenue at a 10% CAGR over the next decade. Our model assumes that ASML will deliver the high-end of the company guidance in terms of unit sold. On top of that, we pencil strong pricing power (and product-mix improvement) for EUV machines. As a result, our scenario assumes EUR 32,9B revenue in 2025, significantly more than the EUR 30B company guidance. We derive a 41% operating margin and a net income of EUR 11.4B when the consensus forecasts a 38.5% operating margin and EUR 10.5B net income. Finally, we apply a FCF yield of 5% and a PE of 20x to value the company. The expected return is around 6/7% per year over the coming years, to which must be added a dividend yield of 1% (that will increase towards 2% as dividend grows) and the benefit of share repurchases that will most likely yield around 1/2%. As a result, we can expect a return around 8/10% per annum.Source: AuthorSource: AuthorConclusionASML is a high-quality company whose business should continue to grow for many years thanks to the strong demand for semiconductors and its solid pricing power. We believe that the company could still offer attractive returns for its shareholders that is why we are happy to remain shareholders of the company.Risks:Bargaining power: ASML’s is highly dependent on few powerful clients (TSMC, Samsung, Intel, Micron…)Supply chain disruption: ASML relies on a few key suppliers for some strategic components.Technological disruption: Failing to develop new cutting-edge technologies while a competitor does could lead to a feat similar to Nikon or Canon who failed to adapt to new lithography technologies.Geopolitical risk: Most semiconductors are manufactured in Taiwan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934853325,"gmtCreate":1663221569867,"gmtModify":1676537231324,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934853325","repostId":"2267540273","repostType":4,"repost":{"id":"2267540273","pubTimestamp":1663220630,"share":"https://www.laohu8.com/m/news/2267540273?lang=&edition=full","pubTime":"2022-09-15 13:43","market":"us","language":"en","title":"3 Hydrogen Stocks to Buy for the $11 Trillion Breakout","url":"https://stock-news.laohu8.com/highlight/detail?id=2267540273","media":"InvestorPlace","summary":"Technological advancements and falling renewable energy costs have led to a new era of scalable “Gre","content":"<html><head></head><body><ul><li>Technological advancements and falling renewable energy costs have led to a new era of scalable “Green Hydrogen” production.</li><li>Thanks to its unmatched energy density, hydrogen outplays battery electricity when it comes to range, recharging times and emissions.</li><li>Hypergrowth investors should take a good hard look at these emerging hydrogen stocks.</li></ul><p>Today, electric vehicles are all the rage. They’re at the epicenter of the world’s shift to cut carbon emissions dramatically and rapidly for a cleaner future. But EVs weren’t always at the forefront of the Clean Energy Revolution. Indeed, back in 2003, it was all about hydrogen.</p><p>In his 2003 State of the Union address, then-President George W. Bush said, “the first car driven by a child born today could be powered by hydrogen and be pollution-free.”</p><p>He was half-right. There are a lot of pollution-free cars out there today. And many children born back in 2003 are driving them. But for the most part, they’re powered by electric batteries, not hydrogen fuel cells.</p><p>Where did it go wrong?</p><p>In the words of Matthew Blieske, Shell’s (SHEL) global hydrogen product manager, “… there was always something missing.”</p><h2>The History of Hydrogen</h2><p>In the early 2000s, hydrogen fuel cells were hyped up for their ability to reduce energy dependence. That was at a time when crude oil prices were north of $50 and rising. But falling oil prices in the late 2000s and early 2010s sapped some of this hype. And it dramatically slowed the Clean Energy Revolution.</p><p>Then the world started getting serious about decarbonization again in the back half of the 2010s. And hydrogen was but one of <i>many</i> zero-emission energy sources out there, alongside solar, wind, and electric batteries.</p><p>And relative to those other energy sources, hydrogen has proven to be less efficient and more expensive.</p><p>That’s because hydrogen, while the most abundant element in the universe, doesn’t exist in its pure form on Earth. So, producing it requires a complex, multi-step process. And that results in significant electricity loss and requires tons of added infrastructure – and dollars.</p><p>Not to mention, to offset these extra costs, most companies have turned to producing hydrogen from cheap natural gas. That means that most isn’t zero-emissions at all.</p><p>Net-net, hydrogen has gone from being the epicenter of the Clean Energy Revolution to just a niche afterthought.</p><p>But that’s all about to change.</p><p>The Hydrogen Economy is on the cusp of an enormous tipping point.</p><p>For the first time in its choppy history, the time has come for this clean energy source to reign.</p><h2>The Drivers Have Arrived</h2><p>As every country works toward a net-zero emissions target, the global political stage is set for mass decarbonization.</p><p>Economies of scale have led to the cost of hydrogen fuel cells dropping 60% over the past decade. Deloitte expects those costs to drop below electric battery and combustion engine costs within just a few years…</p><p>Technological advancements and falling renewable energy costs have led to a new era of scalable “Green Hydrogen” production. And now it can be cost-effectively produced from renewable energy sources, like solar and wind.</p><p>In other words, all the drivers have finally shown up to the party at the same time.</p><p>In the words of Blieske: “[In the past] there was a policy missing, or the technology wasn’t quite ready, or people were not so serious about decarbonization. <i>We don’t see those barriers anymore</i>.”</p><p>With those barriers removed, the Hydrogen Economy will tip into its long overdue renaissance in the 2020s. And that will create what Morgan Stanley sees as an $11 trillion market in the coming decades.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/728646526be2327736f62d0cc8d52689\" tg-width=\"1024\" tg-height=\"577\" referrerpolicy=\"no-referrer\"/><span>Source: InvestorPlace</span></p><p>Where will all this hypergrowth come from?</p><p>We’ll see it in high-usage and long-range energy and transportation markets. That’s where hydrogen’s advantages over electric batteries shine brightest.</p><h2>The Final Word on Hydrogen Stocks</h2><p>You see, when it comes to cost, efficiency, safety, and public roads infrastructure, battery electricity wins out. To that extent, battery electricity will likely be the dominant clean energy source for passenger cars and last-mile delivery vans.</p><p>But thanks to its unmatched energy density, hydrogen outplays battery electricity when it comes to range, recharging times, and emissions. So, in heavy-usage and long-range situations, hydrogen is best in class. Therefore, those fuel cells will likely be the dominant clean energy source for industry, stationary and cross-country haul.</p><p>Think forklifts in warehouses, trucks that travel across the country, and ships that sail across oceans. And what about data centers that have to be “always on”?</p><p>Indeed, hydrogen fuel cells are on the cusp of disrupting those industries over the next decade.</p><p>Who is at the forefront of this multi-trillion-dollar disruption?</p><p><a href=\"https://laohu8.com/S/PLUG\">Plug Power </a> is. The company started out supplying hydrogen fuel cells for forklifts to warehouse operators like <b>Walmart</b> (<b><u>WMT</u></b>) and <b>Amazon</b> (<b><u>AMZN</u></b>). Now Plug Power is morphing into an all-in-one, vertically integrated powerhouse at the epicenter of the Hydrogen Economy.</p><p>Needless to say, Plug Power stock is a long-term winner.</p><p>But other names are also piquing interest in this hypergrowth space…</p><p>Like <a href=\"https://laohu8.com/S/BLDP\">Ballard Power</a>, who’s making hydrogen fuel cells for buses, trucks, and trains. And <a href=\"https://laohu8.com/S/BE\">Bloom Energy </a> is creating energy “boxes” powered by green hydrogen to help replace grid power.</p><p>With these hypergrowth stocks, you have three of the highest-quality plays on the multi-trillion-dollar Hydrogen Revolution. And they’re three stocks that could easily rise several hundred percent in the 2020s.</p><p>Hypergrowth investors should take a good hard look at these emerging hydrogen stocks.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Hydrogen Stocks to Buy for the $11 Trillion Breakout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Hydrogen Stocks to Buy for the $11 Trillion Breakout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-15 13:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2022/09/3-hydrogen-stocks-to-buy-for-the-11-trillion-breakout/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Technological advancements and falling renewable energy costs have led to a new era of scalable “Green Hydrogen” production.Thanks to its unmatched energy density, hydrogen outplays battery ...</p>\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2022/09/3-hydrogen-stocks-to-buy-for-the-11-trillion-breakout/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源","BE":"Bloom Energy Corp","BLDP":"巴拉德动力系统"},"source_url":"https://investorplace.com/hypergrowthinvesting/2022/09/3-hydrogen-stocks-to-buy-for-the-11-trillion-breakout/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267540273","content_text":"Technological advancements and falling renewable energy costs have led to a new era of scalable “Green Hydrogen” production.Thanks to its unmatched energy density, hydrogen outplays battery electricity when it comes to range, recharging times and emissions.Hypergrowth investors should take a good hard look at these emerging hydrogen stocks.Today, electric vehicles are all the rage. They’re at the epicenter of the world’s shift to cut carbon emissions dramatically and rapidly for a cleaner future. But EVs weren’t always at the forefront of the Clean Energy Revolution. Indeed, back in 2003, it was all about hydrogen.In his 2003 State of the Union address, then-President George W. Bush said, “the first car driven by a child born today could be powered by hydrogen and be pollution-free.”He was half-right. There are a lot of pollution-free cars out there today. And many children born back in 2003 are driving them. But for the most part, they’re powered by electric batteries, not hydrogen fuel cells.Where did it go wrong?In the words of Matthew Blieske, Shell’s (SHEL) global hydrogen product manager, “… there was always something missing.”The History of HydrogenIn the early 2000s, hydrogen fuel cells were hyped up for their ability to reduce energy dependence. That was at a time when crude oil prices were north of $50 and rising. But falling oil prices in the late 2000s and early 2010s sapped some of this hype. And it dramatically slowed the Clean Energy Revolution.Then the world started getting serious about decarbonization again in the back half of the 2010s. And hydrogen was but one of many zero-emission energy sources out there, alongside solar, wind, and electric batteries.And relative to those other energy sources, hydrogen has proven to be less efficient and more expensive.That’s because hydrogen, while the most abundant element in the universe, doesn’t exist in its pure form on Earth. So, producing it requires a complex, multi-step process. And that results in significant electricity loss and requires tons of added infrastructure – and dollars.Not to mention, to offset these extra costs, most companies have turned to producing hydrogen from cheap natural gas. That means that most isn’t zero-emissions at all.Net-net, hydrogen has gone from being the epicenter of the Clean Energy Revolution to just a niche afterthought.But that’s all about to change.The Hydrogen Economy is on the cusp of an enormous tipping point.For the first time in its choppy history, the time has come for this clean energy source to reign.The Drivers Have ArrivedAs every country works toward a net-zero emissions target, the global political stage is set for mass decarbonization.Economies of scale have led to the cost of hydrogen fuel cells dropping 60% over the past decade. Deloitte expects those costs to drop below electric battery and combustion engine costs within just a few years…Technological advancements and falling renewable energy costs have led to a new era of scalable “Green Hydrogen” production. And now it can be cost-effectively produced from renewable energy sources, like solar and wind.In other words, all the drivers have finally shown up to the party at the same time.In the words of Blieske: “[In the past] there was a policy missing, or the technology wasn’t quite ready, or people were not so serious about decarbonization. We don’t see those barriers anymore.”With those barriers removed, the Hydrogen Economy will tip into its long overdue renaissance in the 2020s. And that will create what Morgan Stanley sees as an $11 trillion market in the coming decades.Source: InvestorPlaceWhere will all this hypergrowth come from?We’ll see it in high-usage and long-range energy and transportation markets. That’s where hydrogen’s advantages over electric batteries shine brightest.The Final Word on Hydrogen StocksYou see, when it comes to cost, efficiency, safety, and public roads infrastructure, battery electricity wins out. To that extent, battery electricity will likely be the dominant clean energy source for passenger cars and last-mile delivery vans.But thanks to its unmatched energy density, hydrogen outplays battery electricity when it comes to range, recharging times, and emissions. So, in heavy-usage and long-range situations, hydrogen is best in class. Therefore, those fuel cells will likely be the dominant clean energy source for industry, stationary and cross-country haul.Think forklifts in warehouses, trucks that travel across the country, and ships that sail across oceans. And what about data centers that have to be “always on”?Indeed, hydrogen fuel cells are on the cusp of disrupting those industries over the next decade.Who is at the forefront of this multi-trillion-dollar disruption?Plug Power  is. The company started out supplying hydrogen fuel cells for forklifts to warehouse operators like Walmart (WMT) and Amazon (AMZN). Now Plug Power is morphing into an all-in-one, vertically integrated powerhouse at the epicenter of the Hydrogen Economy.Needless to say, Plug Power stock is a long-term winner.But other names are also piquing interest in this hypergrowth space…Like Ballard Power, who’s making hydrogen fuel cells for buses, trucks, and trains. And Bloom Energy  is creating energy “boxes” powered by green hydrogen to help replace grid power.With these hypergrowth stocks, you have three of the highest-quality plays on the multi-trillion-dollar Hydrogen Revolution. And they’re three stocks that could easily rise several hundred percent in the 2020s.Hypergrowth investors should take a good hard look at these emerging hydrogen stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932247285,"gmtCreate":1662949558348,"gmtModify":1676537169657,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932247285","repostId":"1195980012","repostType":4,"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939207733,"gmtCreate":1662109016222,"gmtModify":1676536999727,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"[Onlooker]&nbsp;[Onlooker]&nbsp;","listText":"[Onlooker]&nbsp;[Onlooker]&nbsp;","text":"[Onlooker] [Onlooker]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9939207733","repostId":"2263341500","repostType":2,"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019203956,"gmtCreate":1648598986755,"gmtModify":1676534360469,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9019203956","repostId":"1120016829","repostType":2,"repost":{"id":"1120016829","pubTimestamp":1648539903,"share":"https://www.laohu8.com/m/news/1120016829?lang=&edition=full","pubTime":"2022-03-29 15:45","market":"us","language":"en","title":"AMC Stock Springs Back to Life, but Buyer Beware","url":"https://stock-news.laohu8.com/highlight/detail?id=1120016829","media":"InvestorPlace","summary":"Investors (and probably some short sellers) bid AMC stock up 45% in one day","content":"<html><head></head><body><p><b>AMC Entertainment Holding</b> (NYSE:<b><u>AMC</u></b>) is again making waves. In the past two weeks, AMC stock has more than doubled, including a 45% single-day jump Monday. It’s important to note that the recent rally is not because of fundamental strength, but rather because <b>Reddit</b> investors are actively trading the stock once again.</p><p>That is not to say the company hasn’t made some interesting moves recently. For instance, it invested in embattled gold and silver miner <b>Hycroft Mining</b> (NASDAQ:<b><u>HYMC</u></b>), which is also a Reddit favorite. And today’s blastoff followed a <i>Reuters</i> interview in which Chief Executive Adam Aron said investors should expect more “transformational” deals in the company’s future.</p><p>Meanwhile, a slate of superhero blockbusters has saved the day for AMC. However, barring a few tentpole releases, there is not much to see regarding box office numbers, and the company’s core business interests remain under pressure.</p><p><b>Reddit Gives Thumbs Up to Hycroft Mining Purchase</b></p><p>Reddit seems to approve of AMC’s foray into the precious metals market. For many analysts, though, the investment in struggling Hycroft Mining is a headscratcher. Management seems to believe they have become experts at navigating troubled waters and coming out on the other side leaner and stronger. However, their credentials are dubious.</p><p>Yes, the company is in a much better position than it was just a couple of years ago. However, this has little to do with fundamental strength. Instead, you can thank AMC’s fans on Reddit for helping it stave off bankruptcy. The same fans believe that AMC’s investment in a mining company makes sound financial sense since gold is a tried-and-tested store of value.</p><p>Interestingly, after the great escape, the company has launched several initiatives, the most fascinating of which have to be allowing cryptocurrency purchases and offering NFTs. However, its core business continues to struggle. As entertainment companies engage in streaming wars and fight for attention, there will be little to motivate the casual viewer to check out the latest releases in theaters outside perhaps the odd summer blockbuster.</p><p>Selling branded popcorn could become a great revenue stream. However, it cannot take the place of the movie theater business for AMC.</p><p><b>AMC Needs to Revamp Its Business</b></p><p>The story of <b>Nokia</b> (NYSE:<b><u>NOK</u></b>) is a cautionary tale told in business classes worldwide. The company was the biggest cell phone manufacturer globally before being overtaken by <b>Apple</b> (NASDAQ:<b><u>AAPL</u></b>). Nokia’s downfall came from its inability to keep up with competitors like Apple, which were making better products. Nokia also made the mistake of only focusing on one type of phone instead of differentiating its product lineup.</p><p>However, there should be another chapter in the works because Nokia is now a growing 5G enterprise with healthy financials.</p><p>AMC will need to similarly change its operations by offering a more immersive experience. This will require a lot of experimentation, but eventually could be successful.</p><p>Blockbuster releases like<i>Spider-Man: No Way Home</i>are becoming rare in the post-pandemic era, and AMC needs to account for this.</p><p>Launching a digital coin and investing in virtual reality could be catalysts for future growth. Imagine watching a great art movie with friends in an amazing AMC theater from the comfort of your home in the metaverse. AMC might struggle to get people into a movie theatre for a movie like <i>The Last Duel</i>, but in a VR setting, perhaps consumers will be willing to give it a try.</p><p><b>AMC Stock Is Still Too Volatile</b></p><p>Today’s action in AMC stock likely had more than a little to do with short-sellers covering, as the percentage of shares held short is around 20% of the float. Traders certainly can’t rule out another short squeeze in the stock’s future, but they also can’t rule out a sharp sell-off.</p><p>Reddit adds another dimension of volatility to stocks like AMC. Because retail investors own a majority of the shares, sentiment on Reddit will continue to be more important than sentiment on Wall Street. Therefore, normal market moves are not the norm in AMC stock.</p><p>With uncertainty so high, unless you are risk-tolerant, there are few incentives to invest in AMC stock.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Stock Springs Back to Life, but Buyer Beware</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Stock Springs Back to Life, but Buyer Beware\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/amc-stock-springs-back-to-life-but-buyer-beware/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment Holding (NYSE:AMC) is again making waves. In the past two weeks, AMC stock has more than doubled, including a 45% single-day jump Monday. It’s important to note that the recent rally...</p>\n\n<a href=\"https://investorplace.com/2022/03/amc-stock-springs-back-to-life-but-buyer-beware/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://investorplace.com/2022/03/amc-stock-springs-back-to-life-but-buyer-beware/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120016829","content_text":"AMC Entertainment Holding (NYSE:AMC) is again making waves. In the past two weeks, AMC stock has more than doubled, including a 45% single-day jump Monday. It’s important to note that the recent rally is not because of fundamental strength, but rather because Reddit investors are actively trading the stock once again.That is not to say the company hasn’t made some interesting moves recently. For instance, it invested in embattled gold and silver miner Hycroft Mining (NASDAQ:HYMC), which is also a Reddit favorite. And today’s blastoff followed a Reuters interview in which Chief Executive Adam Aron said investors should expect more “transformational” deals in the company’s future.Meanwhile, a slate of superhero blockbusters has saved the day for AMC. However, barring a few tentpole releases, there is not much to see regarding box office numbers, and the company’s core business interests remain under pressure.Reddit Gives Thumbs Up to Hycroft Mining PurchaseReddit seems to approve of AMC’s foray into the precious metals market. For many analysts, though, the investment in struggling Hycroft Mining is a headscratcher. Management seems to believe they have become experts at navigating troubled waters and coming out on the other side leaner and stronger. However, their credentials are dubious.Yes, the company is in a much better position than it was just a couple of years ago. However, this has little to do with fundamental strength. Instead, you can thank AMC’s fans on Reddit for helping it stave off bankruptcy. The same fans believe that AMC’s investment in a mining company makes sound financial sense since gold is a tried-and-tested store of value.Interestingly, after the great escape, the company has launched several initiatives, the most fascinating of which have to be allowing cryptocurrency purchases and offering NFTs. However, its core business continues to struggle. As entertainment companies engage in streaming wars and fight for attention, there will be little to motivate the casual viewer to check out the latest releases in theaters outside perhaps the odd summer blockbuster.Selling branded popcorn could become a great revenue stream. However, it cannot take the place of the movie theater business for AMC.AMC Needs to Revamp Its BusinessThe story of Nokia (NYSE:NOK) is a cautionary tale told in business classes worldwide. The company was the biggest cell phone manufacturer globally before being overtaken by Apple (NASDAQ:AAPL). Nokia’s downfall came from its inability to keep up with competitors like Apple, which were making better products. Nokia also made the mistake of only focusing on one type of phone instead of differentiating its product lineup.However, there should be another chapter in the works because Nokia is now a growing 5G enterprise with healthy financials.AMC will need to similarly change its operations by offering a more immersive experience. This will require a lot of experimentation, but eventually could be successful.Blockbuster releases likeSpider-Man: No Way Homeare becoming rare in the post-pandemic era, and AMC needs to account for this.Launching a digital coin and investing in virtual reality could be catalysts for future growth. Imagine watching a great art movie with friends in an amazing AMC theater from the comfort of your home in the metaverse. AMC might struggle to get people into a movie theatre for a movie like The Last Duel, but in a VR setting, perhaps consumers will be willing to give it a try.AMC Stock Is Still Too VolatileToday’s action in AMC stock likely had more than a little to do with short-sellers covering, as the percentage of shares held short is around 20% of the float. Traders certainly can’t rule out another short squeeze in the stock’s future, but they also can’t rule out a sharp sell-off.Reddit adds another dimension of volatility to stocks like AMC. Because retail investors own a majority of the shares, sentiment on Reddit will continue to be more important than sentiment on Wall Street. Therefore, normal market moves are not the norm in AMC stock.With uncertainty so high, unless you are risk-tolerant, there are few incentives to invest in AMC stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032783726,"gmtCreate":1647442846238,"gmtModify":1676534230765,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/IQ\">$iQiyi Inc.(IQ)$</a>wow","listText":"<a href=\"https://ttm.financial/S/IQ\">$iQiyi Inc.(IQ)$</a>wow","text":"$iQiyi Inc.(IQ)$wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032783726","isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032546137,"gmtCreate":1647409252246,"gmtModify":1676534226419,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032546137","repostId":"1172315357","repostType":4,"repost":{"id":"1172315357","pubTimestamp":1647402195,"share":"https://www.laohu8.com/m/news/1172315357?lang=&edition=full","pubTime":"2022-03-16 11:43","market":"us","language":"en","title":"Oil Prices Tumble Below $100 and Keep Falling. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1172315357","media":"Barron's","summary":"U.S. oil prices fell more than 6% early Tuesday, to below $97 a barrel. Spencer Platt/Getty ImagesOi","content":"<html><head></head><body><p>U.S. oil prices fell more than 6% early Tuesday, to below $97 a barrel. Spencer Platt/Getty Images</p><p>Oil prices extended their slump on Tuesday as West Texas Intermediate crude futures fell below $96 a barrel to its lowest level this month.</p><p>Prices have now nearly retreated to prewar levels, as bullish traders have cashed in on bets they made before the run-up and new money is reluctant to buy in.</p><p>Oil stocks were falling hard, with Chevron (ticker: CVX) down 5.6% and Exxon Mobil (XOM) down 6%, on pace for their steepest declines since June 2020. The Energy Select Sector SPDR exchange-traded fund (XLE) was down 4.5%.</p><p>U.S. oil settled at $109 a barrel Friday, but it has already fallen more than 10% this week. It reached nearly $125 last week. Brent crude futures, the international benchmark, also dropped more than 6% Tuesday, to $99.60 a barrel, having topped $130 at one point last week.</p><p>The selloff comes amid hopes over cease-fire talks between Russia and Ukraine and as China imposed lockdown restrictions on major manufacturing regions and millions of people, potentially weakening demand for oil.</p><p>“The prospect of a diplomatic solution toward Russia’s military aggression against Ukraine would help ease the world’s energy supply shock that has sent commodities soaring,” Interactive Investor’s head of investment Victoria Scholar says.</p><p>“Meanwhile on the demand side for oil, fears about an aggressive policy response from Beijing to China’s Covid outbreak has raised the prospect of a much weaker demand for oil from the world’s second-largest economy,” she adds.</p><p>Technical factors are also clearly at play. Traders had come into March holding aggressive long bets on oil that would pay off at futures prices above $100. There is evidence that many of them sold out of positions when oil spiked. Open interest in oil futures is now at the lowest level in six years, according to Bloomberg.</p><p>An oil market momentum indicator known as the Relative Strength Index, which measures price changes, has fallen to the mid-40s from highs above 80. Generally, a reading above 70 indicates that an asset is overbought.</p><p>“When you get up to 80, it’s implying that the last bull is in the market,” Robert Yawger, director of energy futures at Mizuho Securities, tells Barron’s. “It was way extended to the upside.”</p><p>Trading in other products was even more extended, with heating oil’s Relative Strength Index above 90 last week, Yawger says. “I’ve been doing this for 30 years plus, and I can count on one hand the amount of times I’ve seen something above 90.”</p><p>Yawger says it is clear that smaller investors who had been buying oil above $100 saw the reversal and moved to “bail fast.”</p><p>“There are some fundamental reasons here, there’s geopolitical reasons here, but positioning is also having a big say in where this market is going,” he says.</p><p>BDSwiss head of investment research, Marshall Gittler, notes that oil prices weren’t that far off their levels a month ago, before Russia’s invasion began.</p><p>“OPEC and others have been pointing out that at the moment there is no shortage of oil, just the fear of a shortage of oil in the future,” he says. “The price of oil further out in the future isn’t that different than it was a month ago.”</p><p>Absent a change in the Ukraine conflict, the next important indicator will be Wednesday’s Energy Information Administration’s weekly oil update, which will have information on U.S. oil supply and demand.</p></body></html>","source":"lsy1610680873436","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>Oil Prices Tumble Below $100 and Keep Falling. Here’s Why.</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\">\nOil Prices Tumble Below $100 and Keep Falling. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 11:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/oil-prices-tumble-below-97-a-barrel-heres-why-51647341663?mod=hp_LEAD_1><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. oil prices fell more than 6% early Tuesday, to below $97 a barrel. Spencer Platt/Getty ImagesOil prices extended their slump on Tuesday as West Texas Intermediate crude futures fell below $96 a ...</p>\n\n<a href=\"https://www.barrons.com/articles/oil-prices-tumble-below-97-a-barrel-heres-why-51647341663?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/oil-prices-tumble-below-97-a-barrel-heres-why-51647341663?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172315357","content_text":"U.S. oil prices fell more than 6% early Tuesday, to below $97 a barrel. Spencer Platt/Getty ImagesOil prices extended their slump on Tuesday as West Texas Intermediate crude futures fell below $96 a barrel to its lowest level this month.Prices have now nearly retreated to prewar levels, as bullish traders have cashed in on bets they made before the run-up and new money is reluctant to buy in.Oil stocks were falling hard, with Chevron (ticker: CVX) down 5.6% and Exxon Mobil (XOM) down 6%, on pace for their steepest declines since June 2020. The Energy Select Sector SPDR exchange-traded fund (XLE) was down 4.5%.U.S. oil settled at $109 a barrel Friday, but it has already fallen more than 10% this week. It reached nearly $125 last week. Brent crude futures, the international benchmark, also dropped more than 6% Tuesday, to $99.60 a barrel, having topped $130 at one point last week.The selloff comes amid hopes over cease-fire talks between Russia and Ukraine and as China imposed lockdown restrictions on major manufacturing regions and millions of people, potentially weakening demand for oil.“The prospect of a diplomatic solution toward Russia’s military aggression against Ukraine would help ease the world’s energy supply shock that has sent commodities soaring,” Interactive Investor’s head of investment Victoria Scholar says.“Meanwhile on the demand side for oil, fears about an aggressive policy response from Beijing to China’s Covid outbreak has raised the prospect of a much weaker demand for oil from the world’s second-largest economy,” she adds.Technical factors are also clearly at play. Traders had come into March holding aggressive long bets on oil that would pay off at futures prices above $100. There is evidence that many of them sold out of positions when oil spiked. Open interest in oil futures is now at the lowest level in six years, according to Bloomberg.An oil market momentum indicator known as the Relative Strength Index, which measures price changes, has fallen to the mid-40s from highs above 80. Generally, a reading above 70 indicates that an asset is overbought.“When you get up to 80, it’s implying that the last bull is in the market,” Robert Yawger, director of energy futures at Mizuho Securities, tells Barron’s. “It was way extended to the upside.”Trading in other products was even more extended, with heating oil’s Relative Strength Index above 90 last week, Yawger says. “I’ve been doing this for 30 years plus, and I can count on one hand the amount of times I’ve seen something above 90.”Yawger says it is clear that smaller investors who had been buying oil above $100 saw the reversal and moved to “bail fast.”“There are some fundamental reasons here, there’s geopolitical reasons here, but positioning is also having a big say in where this market is going,” he says.BDSwiss head of investment research, Marshall Gittler, notes that oil prices weren’t that far off their levels a month ago, before Russia’s invasion began.“OPEC and others have been pointing out that at the moment there is no shortage of oil, just the fear of a shortage of oil in the future,” he says. “The price of oil further out in the future isn’t that different than it was a month ago.”Absent a change in the Ukraine conflict, the next important indicator will be Wednesday’s Energy Information Administration’s weekly oil update, which will have information on U.S. oil supply and demand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038349449,"gmtCreate":1646750723964,"gmtModify":1676534157993,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"🥲","listText":"🥲","text":"🥲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038349449","repostId":"1131218009","repostType":4,"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039243765,"gmtCreate":1646060445486,"gmtModify":1676534086659,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039243765","repostId":"1132135264","repostType":4,"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030961079,"gmtCreate":1645608750083,"gmtModify":1676534045014,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"I feel like buying pltr now [LOL]&nbsp;","listText":"I feel like buying pltr now [LOL]&nbsp;","text":"I feel like buying pltr now [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030961079","repostId":"1100075934","repostType":4,"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097066775,"gmtCreate":1645271591923,"gmtModify":1676534014855,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097066775","repostId":"1111287804","repostType":4,"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097066502,"gmtCreate":1645271559679,"gmtModify":1676534014853,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097066502","repostId":"1111287804","repostType":4,"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097066203,"gmtCreate":1645271529119,"gmtModify":1676534014846,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097066203","repostId":"1198934487","repostType":4,"repost":{"id":"1198934487","pubTimestamp":1645244274,"share":"https://www.laohu8.com/m/news/1198934487?lang=&edition=full","pubTime":"2022-02-19 12:17","market":"us","language":"en","title":"Nvidia Earnings: Showing The Market Still Needs To Recalibrate","url":"https://stock-news.laohu8.com/highlight/detail?id=1198934487","media":"Seeking Alpha","summary":"SummaryNvidia's earnings and guidance were nothing short of what investors have come to expect from ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Nvidia&#39;s earnings and guidance were nothing short of what investors have come to expect from it over the last year.</li><li>But even with stellar guidance, the stock led the way in a red market on Thursday.</li><li>The reason lies in the market&#39;s outlook for relatively slower growth over the year and the inability of Nvidia to maintain mid-double-digit revenue growth.</li><li>I outline a new buy zone and where the stock is fairly valued in a year based on this recalibration of sales expectations.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37b348779acedb3ad22271a188138ee1\" tg-width=\"1536\" tg-height=\"1018\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan/Getty Images News</span></p><p>It&#39;s become a pretty dull firework show with Nvidia (NVDA). Earnings beats and guidance raises are the norm, and the latest earnings report shows that&#39;s not changing anytime soon. But this quarter-after-quarter firework celebration is confusing investors as they watch the stock tumble further after already being sent into beaten-down territory the last several weeks. And to add insult to injury, there&#39;s nothing in the earnings report or the expectations for FQ1 to focus on negatively. In fact, things are coming along better than expected. However, the problem is the market facing down slowing FY23 and FY24 revenue growth and correlating it to a new valuation.</p><p>I&#39;m not saying the party of Nvidia&#39;s shares is over, but<i>I am saying</i>it&#39;s not going to be the lively dance club it once was. Even when management executes a quarter with $7.64B in revenue against a consensus for $7.42B and guides for a face-ripping quarter of $8.1B against estimates for $7.29B, it&#39;s not enough to overcome the ultimately slowing yearly sales growth.</p><p>This is something I mentioned in my last article when I said I&#39;d wait to add to my position due to the inability to achieve the growth the market was expecting at higher valuations. Shares traded just below $280 when I published the article. Some commenters didn&#39;t expect the stock would get to my buy zone at $264 even when I applied a forward price-to-sales multiple of 20 on the stock. But, as we know, the stock reached $264 and even less in the weeks following.</p><p><b>So what&#39;s this have to do with earnings?</b></p><p>Wednesday&#39;s earnings proved Nvidia - while able to crush estimates and guide significantly higher each quarter - cannot achieve the growth necessary to sustain the high valuation it once fetched.</p><p>The market pays for growth. If there isn&#39;t sustainable growth (read: the same level), there isn&#39;t a high(er) valuation awarded. The market also looks six-to-eight months out. This puts the view squarely at the end of the company&#39;s FY23.</p><p>Of course, estimates will rise - how could they not with an 11% guidance raise - but they won&#39;t be able to justify the 61% revenue growth 2021 just reported. Right now, estimates are predicting 28.5% revenue growth ($34.6B). This is higher than the 17% they expected two months ago, but this recalibration is now much closer to the real number after FQ1&#39;s guidance set the stage for the year. To achieve 60% growth, it would have to bring in $43B - about $9B more than the current estimate, basically a fifth quarter of the year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91bfa9f98fc7d44603853c3252fe15de\" tg-width=\"640\" tg-height=\"63\" width=\"100%\" height=\"auto\"/><span>Nvidia&#39;s Revenue Estimates (Seeking Alpha)</span></p><p>Now, my take would be defensible if the stock was trading at the former high of $346. But, surely, the market can&#39;t be pricing in 60% growth for this year with the stock trading at $245.</p><p>And it&#39;s not.</p><p>But, the market perception is now shifting to a new valuation, one for 29% growth ($8.65B quarterly on average this fiscal year). This, however, is still 19 times forward sales. Of course, that&#39;s down from 26 forward sales, but 19 is still relatively high when growth is slowing and lapping high double-digit growth.</p><p>The question becomes, what does the market pay for an Nvidia with no Arm (ARMH) acquisition and slowing revenue growth amid a supply constraint semiconductor market? In a year where the next generation of gaming GPUs are likely to be launched, how will the company supply the demand it can&#39;t even fulfill for its current RTX3000 series? It&#39;s literally tapped out of supply, and incremental revenue will only be found with incremental wafer supply.</p><p>Therefore, the best bet on Nvidia is a bet on semiconductor shortages easing. But this is likely to come slowly and over time, not allowing for a spike in revenue to occur in any one quarter.</p><p>That being said, a historic valuation consistent with 30% revenue growth is more dependable and gives investors a chance to let the market recalibrate. This puts the stock closer to a<i>trailing</i>19 or 20 times sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89c37e09b2c7dd424bafab1a80c9c343\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>This also means the market may ease it into the valuation over the next few months, as the hangover of 60, 70, and 80 percent growth rates fade into the rearview mirror. Using the current quarter (FQ1 &#39;23) as a quarter in my calculation gives us $29.35B multiplied by 20 for a market cap of $587B, translating to a share price of $230 - 6% downside from Thursday&#39;s close.</p><p>This isn&#39;t a price target for a year out, but it&#39;s a fantastic risk-reward target to accumulate shares with a much lower level of risk.</p><p>Now, if we&#39;re going to discount the growth over the next two years closer to 20% (FY24 of $42B) and ease the multiple down to 18 or 19 (I&#39;ll use 18.5), the stock price comes out to $305, or 24.5% upside.</p><p>But this is going two years out, and estimating a discount the market may or may not be willing to grant it. But remember, the market will discount FY24 at the beginning of FY23, so while it&#39;s a two-year-out revenue estimate, it&#39;s a year-out price target.</p><p>And, if you&#39;re wondering about earnings and PE ratios, the growth rates are estimated to be nearly the same as revenue growth, implying margins aren&#39;t going to go any higher.</p><p>Add in the company didn&#39;t see &#34;outperformance&#34; on its gross margins, which some have pointed to as the &#34;sole&#34; reason the market sold off the stock on Wednesday&#39;s earnings, and it&#39;s fair to say there may not be anything left in the tank at this time for Nvidia to push the outperformance envelope to the level necessary for a return to all-time highs.</p><p>Nvidia not only has to continue to perform at the level it has (11% guidance raises and a beat on top of it at report time) but has to find an inflection in its business again; a new product or technology breakthrough. This is Nvidia, so this is very possible and even likely. However, any misstep will see the stock cut down in an instant at current valuations.</p><p>This isn&#39;t to say I don&#39;t like Nvidia; I&#39;m happily long the stock and will continue to be. But detach your emotions for a few minutes, study what the market is doing to the stock and why, and you can recalibrate your mindset to be where the market will be in a year and not where it is today. Because today, the market is discounting the relatively slower growth eight months from now, and buying at risk-averse levels - $230 and below according to my calculations - you&#39;ll have a much larger position with a company growing revenues into FY24 and FY25 in the low 20s and high teens, at minimum.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Earnings: Showing The Market Still Needs To Recalibrate</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\">\nNvidia Earnings: Showing The Market Still Needs To Recalibrate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-19 12:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4488333-nvidia-earnings-market-needs-to-recalibrate><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia's earnings and guidance were nothing short of what investors have come to expect from it over the last year.But even with stellar guidance, the stock led the way in a red market on ...</p>\n\n<a href=\"https://seekingalpha.com/article/4488333-nvidia-earnings-market-needs-to-recalibrate\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4488333-nvidia-earnings-market-needs-to-recalibrate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198934487","content_text":"SummaryNvidia's earnings and guidance were nothing short of what investors have come to expect from it over the last year.But even with stellar guidance, the stock led the way in a red market on Thursday.The reason lies in the market's outlook for relatively slower growth over the year and the inability of Nvidia to maintain mid-double-digit revenue growth.I outline a new buy zone and where the stock is fairly valued in a year based on this recalibration of sales expectations.Justin Sullivan/Getty Images NewsIt's become a pretty dull firework show with Nvidia (NVDA). Earnings beats and guidance raises are the norm, and the latest earnings report shows that's not changing anytime soon. But this quarter-after-quarter firework celebration is confusing investors as they watch the stock tumble further after already being sent into beaten-down territory the last several weeks. And to add insult to injury, there's nothing in the earnings report or the expectations for FQ1 to focus on negatively. In fact, things are coming along better than expected. However, the problem is the market facing down slowing FY23 and FY24 revenue growth and correlating it to a new valuation.I'm not saying the party of Nvidia's shares is over, butI am sayingit's not going to be the lively dance club it once was. Even when management executes a quarter with $7.64B in revenue against a consensus for $7.42B and guides for a face-ripping quarter of $8.1B against estimates for $7.29B, it's not enough to overcome the ultimately slowing yearly sales growth.This is something I mentioned in my last article when I said I'd wait to add to my position due to the inability to achieve the growth the market was expecting at higher valuations. Shares traded just below $280 when I published the article. Some commenters didn't expect the stock would get to my buy zone at $264 even when I applied a forward price-to-sales multiple of 20 on the stock. But, as we know, the stock reached $264 and even less in the weeks following.So what's this have to do with earnings?Wednesday's earnings proved Nvidia - while able to crush estimates and guide significantly higher each quarter - cannot achieve the growth necessary to sustain the high valuation it once fetched.The market pays for growth. If there isn't sustainable growth (read: the same level), there isn't a high(er) valuation awarded. The market also looks six-to-eight months out. This puts the view squarely at the end of the company's FY23.Of course, estimates will rise - how could they not with an 11% guidance raise - but they won't be able to justify the 61% revenue growth 2021 just reported. Right now, estimates are predicting 28.5% revenue growth ($34.6B). This is higher than the 17% they expected two months ago, but this recalibration is now much closer to the real number after FQ1's guidance set the stage for the year. To achieve 60% growth, it would have to bring in $43B - about $9B more than the current estimate, basically a fifth quarter of the year.Nvidia's Revenue Estimates (Seeking Alpha)Now, my take would be defensible if the stock was trading at the former high of $346. But, surely, the market can't be pricing in 60% growth for this year with the stock trading at $245.And it's not.But, the market perception is now shifting to a new valuation, one for 29% growth ($8.65B quarterly on average this fiscal year). This, however, is still 19 times forward sales. Of course, that's down from 26 forward sales, but 19 is still relatively high when growth is slowing and lapping high double-digit growth.The question becomes, what does the market pay for an Nvidia with no Arm (ARMH) acquisition and slowing revenue growth amid a supply constraint semiconductor market? In a year where the next generation of gaming GPUs are likely to be launched, how will the company supply the demand it can't even fulfill for its current RTX3000 series? It's literally tapped out of supply, and incremental revenue will only be found with incremental wafer supply.Therefore, the best bet on Nvidia is a bet on semiconductor shortages easing. But this is likely to come slowly and over time, not allowing for a spike in revenue to occur in any one quarter.That being said, a historic valuation consistent with 30% revenue growth is more dependable and gives investors a chance to let the market recalibrate. This puts the stock closer to atrailing19 or 20 times sales.Data by YChartsThis also means the market may ease it into the valuation over the next few months, as the hangover of 60, 70, and 80 percent growth rates fade into the rearview mirror. Using the current quarter (FQ1 '23) as a quarter in my calculation gives us $29.35B multiplied by 20 for a market cap of $587B, translating to a share price of $230 - 6% downside from Thursday's close.This isn't a price target for a year out, but it's a fantastic risk-reward target to accumulate shares with a much lower level of risk.Now, if we're going to discount the growth over the next two years closer to 20% (FY24 of $42B) and ease the multiple down to 18 or 19 (I'll use 18.5), the stock price comes out to $305, or 24.5% upside.But this is going two years out, and estimating a discount the market may or may not be willing to grant it. But remember, the market will discount FY24 at the beginning of FY23, so while it's a two-year-out revenue estimate, it's a year-out price target.And, if you're wondering about earnings and PE ratios, the growth rates are estimated to be nearly the same as revenue growth, implying margins aren't going to go any higher.Add in the company didn't see \"outperformance\" on its gross margins, which some have pointed to as the \"sole\" reason the market sold off the stock on Wednesday's earnings, and it's fair to say there may not be anything left in the tank at this time for Nvidia to push the outperformance envelope to the level necessary for a return to all-time highs.Nvidia not only has to continue to perform at the level it has (11% guidance raises and a beat on top of it at report time) but has to find an inflection in its business again; a new product or technology breakthrough. This is Nvidia, so this is very possible and even likely. However, any misstep will see the stock cut down in an instant at current valuations.This isn't to say I don't like Nvidia; I'm happily long the stock and will continue to be. But detach your emotions for a few minutes, study what the market is doing to the stock and why, and you can recalibrate your mindset to be where the market will be in a year and not where it is today. Because today, the market is discounting the relatively slower growth eight months from now, and buying at risk-averse levels - $230 and below according to my calculations - you'll have a much larger position with a company growing revenues into FY24 and FY25 in the low 20s and high teens, at minimum.","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092108007,"gmtCreate":1644545629464,"gmtModify":1676533939650,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Not a good year for FB","listText":"Not a good year for FB","text":"Not a good year for FB","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092108007","repostId":"1113677136","repostType":4,"repost":{"id":"1113677136","pubTimestamp":1644543742,"share":"https://www.laohu8.com/m/news/1113677136?lang=&edition=full","pubTime":"2022-02-11 09:42","market":"us","language":"en","title":"Could Meta Platforms Stock Double Over the Next 12 Months?","url":"https://stock-news.laohu8.com/highlight/detail?id=1113677136","media":"Motley Fool","summary":"One analyst thinks so.","content":"<html><head></head><body><p><b>Key Points</b></p><ul><li>This analyst has a $466 price target on Meta Platforms stock.</li><li>The stock&#39;s post-earnings sell-off may be overdone.</li><li>Meta Platforms stock now has a price-to-earnings ratio of just 17.</li></ul><p>Shares of Facebook-parent <b>Meta Platforms</b>(NASDAQ:FB) have been absolutely clobbered this year. The stock is down about 30% so far in 2022. Most of this decline, of course, was caused by the company&#39;s disappointing third-quarter update and management&#39;s dismal guidance for Q1.</p><p>The question on many investors&#39; minds is whether this pullback in the tech-stock price represents a buying opportunity. At least one analyst thinks this is not just a buying opportunity -- but a <i>compelling</i> one. On Wednesday, Tigress Financial analyst Ivan Feinseth called the stock a &#34;strong buy,&#34; reiterating a $466 12-month price target.</p><p>Given where Meta Platforms stock is trading as of this writing, this represents just over 100% upside for shares. Is this analyst onto something?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1a3029769a20941e96ddc71b5548019\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>Meta Platforms has a history of conservative guidance</b></p><p>The main thing that spooked investors when Meta Platforms reported its fourth-quarter results was CFO David Wehner&#39;s guidance for revenue to grow just 3%-11% year over year in Q1. This would mark a big slowdown from the company&#39;s 20% revenue growth in Q4. Further, management said in Meta Platforms&#39; fourth-quarter earnings call that it&#39;s a &#34;multiyear development journey&#34; for the company to rebuild its advertising measurement and targeting systems to fully address new challenges presented on these fronts by <b>Apple</b>&#39;s recent iOS updates.</p><p>But investors should note that Wehner has a long history of being overly conservative. Consider Wehner&#39;s repeated calls in 2017 for advertising-revenue growth to &#34;come down meaningfully&#34; in the second half of the year, relative to the 50% growth levels it was averaging previously. Yet revenue increased 49% year over year in both the third and fourth quarter of 2017. This compared to 51% and 47% respective growth in advertising revenue in the first and second quarters of 2017.</p><p>While past results are certainly no indication of future results, it&#39;s a fair statement to say that Meta&#39;s guidance typically errs on the side of conservatism.</p><p>The fact that Meta may be guiding conservatively is one reason Feinseth is likely reiterating a buy rating for the stock after its post-earnings crash. The Street&#39;s sell-off of an already attractively valued stock may have just created an outstanding buying opportunity for investors willing to see through to the other side of this storm.</p><p><b>A compelling valuation</b></p><p>Today, Meta has a price-to-earnings ratio of just 17. For a company as profitable as Facebook and with a bigger network effect than any other social network in the world, this valuation is compelling. A buying opportunity in a market leader like this may not last.</p><p>Sure, investors should keep an eye on how growth fares in the coming quarters. If revenue in Q1 really does grow 11% or less year over year, and if quarterly guidance is bleak once again, this may be cause for concern. But it may be worth starting a position in the stock at this lower valuation, as the cheap valuation arguably prices in a lot of the risks for the company.</p><p>While a doubling of the stock in just 12 months is unlikely, it&#39;s certainly possible. Even if the company&#39;s earnings per share don&#39;t grow over the next 12 months (an unlikely outcome), all that would need to happen for the stock to double is a price-to-earnings multiple expansion from 17 to 34. If Meta proves that current headwinds are only temporary, an outcome like this isn&#39;t out of the question.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could Meta Platforms Stock Double Over the Next 12 Months?</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\">\nCould Meta Platforms Stock Double Over the Next 12 Months?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/10/could-meta-platforms-stock-double-over-the-next-12/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key PointsThis analyst has a $466 price target on Meta Platforms stock.The stock's post-earnings sell-off may be overdone.Meta Platforms stock now has a price-to-earnings ratio of just 17.Shares of ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/10/could-meta-platforms-stock-double-over-the-next-12/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/02/10/could-meta-platforms-stock-double-over-the-next-12/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113677136","content_text":"Key PointsThis analyst has a $466 price target on Meta Platforms stock.The stock's post-earnings sell-off may be overdone.Meta Platforms stock now has a price-to-earnings ratio of just 17.Shares of Facebook-parent Meta Platforms(NASDAQ:FB) have been absolutely clobbered this year. The stock is down about 30% so far in 2022. Most of this decline, of course, was caused by the company's disappointing third-quarter update and management's dismal guidance for Q1.The question on many investors' minds is whether this pullback in the tech-stock price represents a buying opportunity. At least one analyst thinks this is not just a buying opportunity -- but a compelling one. On Wednesday, Tigress Financial analyst Ivan Feinseth called the stock a \"strong buy,\" reiterating a $466 12-month price target.Given where Meta Platforms stock is trading as of this writing, this represents just over 100% upside for shares. Is this analyst onto something?IMAGE SOURCE: GETTY IMAGES.Meta Platforms has a history of conservative guidanceThe main thing that spooked investors when Meta Platforms reported its fourth-quarter results was CFO David Wehner's guidance for revenue to grow just 3%-11% year over year in Q1. This would mark a big slowdown from the company's 20% revenue growth in Q4. Further, management said in Meta Platforms' fourth-quarter earnings call that it's a \"multiyear development journey\" for the company to rebuild its advertising measurement and targeting systems to fully address new challenges presented on these fronts by Apple's recent iOS updates.But investors should note that Wehner has a long history of being overly conservative. Consider Wehner's repeated calls in 2017 for advertising-revenue growth to \"come down meaningfully\" in the second half of the year, relative to the 50% growth levels it was averaging previously. Yet revenue increased 49% year over year in both the third and fourth quarter of 2017. This compared to 51% and 47% respective growth in advertising revenue in the first and second quarters of 2017.While past results are certainly no indication of future results, it's a fair statement to say that Meta's guidance typically errs on the side of conservatism.The fact that Meta may be guiding conservatively is one reason Feinseth is likely reiterating a buy rating for the stock after its post-earnings crash. The Street's sell-off of an already attractively valued stock may have just created an outstanding buying opportunity for investors willing to see through to the other side of this storm.A compelling valuationToday, Meta has a price-to-earnings ratio of just 17. For a company as profitable as Facebook and with a bigger network effect than any other social network in the world, this valuation is compelling. A buying opportunity in a market leader like this may not last.Sure, investors should keep an eye on how growth fares in the coming quarters. If revenue in Q1 really does grow 11% or less year over year, and if quarterly guidance is bleak once again, this may be cause for concern. But it may be worth starting a position in the stock at this lower valuation, as the cheap valuation arguably prices in a lot of the risks for the company.While a doubling of the stock in just 12 months is unlikely, it's certainly possible. Even if the company's earnings per share don't grow over the next 12 months (an unlikely outcome), all that would need to happen for the stock to double is a price-to-earnings multiple expansion from 17 to 34. If Meta proves that current headwinds are only temporary, an outcome like this isn't out of the question.","news_type":1},"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096767280,"gmtCreate":1644465183367,"gmtModify":1676533930366,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096767280","repostId":"1167522485","repostType":4,"repost":{"id":"1167522485","pubTimestamp":1644463063,"share":"https://www.laohu8.com/m/news/1167522485?lang=&edition=full","pubTime":"2022-02-10 11:17","market":"us","language":"en","title":"Rivian Has Become A Bargain","url":"https://stock-news.laohu8.com/highlight/detail?id=1167522485","media":"Seeking Alpha","summary":"SummaryRivian Automotive has seen its stock valuation collapse in recent months.Rivian has a well-ca","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Rivian Automotive has seen its stock valuation collapse in recent months.</li><li>Rivian has a well-capitalized balance sheet. The cash balance is enormous in comparison to market capitalization.</li><li>Rivian will be able to scale production faster than any other EV company.</li><li>RIVN stock now looks attractively priced.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/69701d52860a6907ddb263ce49bb9137\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p>Rivian Automotive Inc.&#39;s (RIVN) valuation has been significantly reduced in recent months. The stock is now trading 67% below its high and is on the verge of being oversold. Rivian Automotive is on track to deliver a significant number of electric-vehicles this decade, with excellent prospects for future growth. I believe the stock has fallen too far and now offers an appealing risk/reward ratio.</p><p><b>A Drop In High-Volume Stocks Creates An Opportunity To Purchase Rivian Automotive.</b></p><p>No matter which electric-vehicle manufacturer you look at right now, you will find a deeply discounted market price in comparison to the valuations we saw months ago. In 2021, electric-vehicle stocks, including Rivian Automotive&#39;s, skyrocketed due to growing investor interest in EV companies that promise phenomenal growth in deliveries and revenues.</p><p>Rivian Automotive&#39;s IPO in November 2021 was conducted at a price of $78. Only four months later, Rivian&#39;s stock is trading at a 25% discount to its IPO price. The stock has also fallen 44% since the beginning of 2022.</p><p>The question for investors, whether they are already invested or looking for an opportunity to get in, is whether Rivian&#39;s prospects for growth in the electric-vehicle industry have deteriorated or if the stock is simply the victim of a significant change in investors&#39; risk tolerance with regard to high-multiple stocks.</p><p>Given how consistently the stock of Rivian Automotive has dropped since November, I believe the second factor is at work here. Rivian Automotive has been (and continues to be) a high-multiple stock in one of the fastest-growing industries today: electric vehicles.</p><p>Rivian Automotive is not the only fast-growing company whose multiple has shrunk. We have seen a significant redistribution of investment funds in the stock market over the last four months, with investors exiting growth names and investing in value names. Many growth stocks, including Rivian Automotive, still have high multiples, but the EV maker&#39;s valuation has dropped so dramatically that it may now make sense to capitalize on the shakeout in the growth sector.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2bfe50abe6f313f479f5b1daaea5df76\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"/><span>RIVN Share Price (Finviz)</span></p><p><b>Well-Funded Balance Sheet Can Finance Production Growth For Many Years</b></p><p>The balance sheet is what differentiates Rivian Automotive from other EV companies. Rivian Automotive&#39;s shareholder structure includes cash-rich investors such as Amazon and Ford, which provided financial support as well as orders: Rivian has received an order from Amazon for 100,000 delivery vans for its commercial delivery fleet.</p><p>Rivian Automotive&#39;s cash reserves grew as a result of its initial public offering in 2021. The cash and cash equivalent position on Rivian&#39;s balance sheet, after adjusting for IPO proceeds, showed a balance of $19.9 billion. No other electric-vehicle manufacturer, in my opinion, has this much cash firepower available to expand production and deliveries. The adjusted cash position post-IPO represents 38% of Rivian&#39;s market capitalization.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6a43d7be8b8ea535bb1dcdbf2403cbc\" tg-width=\"640\" tg-height=\"119\" width=\"100%\" height=\"auto\"/><span>Adjusted Cash (Rivian Automotive)</span></p><p>This cash balance specifically benefits Rivian Automotive by allowing the company to finance its significant investments in production scale. Rivian Automotive will be able to scale faster than any other EV company. The company currently has a production capacity of 150K electric-vehicles, which includes all three major models, the R1T and R1S, which are based on the R1 platform, and the EDV 700, which is based on the RCV platform. Additional investments will be made in order to increase annual production capacity to 200K electric-vehicles by 2023.</p><p><b>Rivian&#39;s Financial Condition Is Going To Improve</b></p><p>Rivian Automotive began making deliveries in the fourth quarter of last year. The absolute number of deliveries in 2021 is negligible, at around 1K. The financial situation reflects a company that is just getting started with its business model.</p><p>Rivian Automotive&#39;s adjusted net losses tripled to $1.8 billion from January to September, and adjusted EBITDA and Free Cash Flow were also negative, but the scaling of production and deliveries expected over the next two years will result in a much better-looking financial score card.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f9883465999939d1f71ed5f8cf230ee4\" tg-width=\"640\" tg-height=\"398\" width=\"100%\" height=\"auto\"/><span>Adjusted EBITDA (Rivian Automotive)</span></p><p><b>Diversified Electric-Vehicle Business Limits Company Risks</b></p><p>Rivian Automotive created three electric-vehicle models at the same time: the R1T, R1S, and EDV 700. The advantage of parallel development is that the company will attack three electric-vehicle segments at the same time. In my opinion, the EDV 700, which is based on Rivian Automotive&#39;s RCV platform and has been custom-designed for Amazon, is particularly promising.</p><p>The EDV 700 is a commercial delivery vehicle powered by batteries that can travel up to 201 miles on a single charge, according to internal testing using official EPA test procedures. Most EV companies are launching electric-vehicles in consumer markets, but not in commercial markets, which presents Rivian Automotive with an undervalued growth opportunity.</p><p>Rivian&#39;s EDV 700 commercial delivery van will compete with Ford&#39;s recently launched E-transit. Rivian Automotive&#39;s focus on the commercial van segment of the electric-vehicle market could prove to be a profitable strategic gamble, as the market is much less competitive than the truck and SUV consumer segments.</p><p><b>Rich Multiple Conforms To Growth Expectations</b></p><p>Rivian Automotive is expected to ramp up production quickly in 2022 and 2023. Rivian&#39;s EV sales are expected to skyrocket from $57 million in 2021 to $3.5 billion in 2022. Rivian Automotive could generate $7 billion in annual revenue from truck, SUV, and commercial van sales by 2023.</p><p>This growth potential translates to a sales multiple of 7, which is not an unusually high sales multiple in the electric-vehicle industry. Most multiples, including Rivian&#39;s, have dropped significantly in recent months, and the sales potential implied by the multiple now looks very appealing to me.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c8807a3e7a792a0ad80fa6954d5b16a\" tg-width=\"635\" tg-height=\"501\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><b>My Conclusion</b></p><p>Rivian Automotive has an excellent growth outlook, and the fact that Amazon and Ford have invested in the company strengthens the investment case even more. Amazon also ordered 100K delivery vehicles from Rivian Automotive, and sales projections will skyrocket once the electric-vehicle manufacturer begins scaling R1T, R1S, and EDV 700 deliveries.</p><p>Given the size of the cash balance in relation to Rivian&#39;s market capitalization, Rivian stock may now be considered inexpensive. As a result, the valuation cut represents a chance to double down.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian Has Become A Bargain</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\">\nRivian Has Become A Bargain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-10 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4485426-rivian-stock-become-bargain><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRivian Automotive has seen its stock valuation collapse in recent months.Rivian has a well-capitalized balance sheet. The cash balance is enormous in comparison to market capitalization.Rivian ...</p>\n\n<a href=\"https://seekingalpha.com/article/4485426-rivian-stock-become-bargain\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc."},"source_url":"https://seekingalpha.com/article/4485426-rivian-stock-become-bargain","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167522485","content_text":"SummaryRivian Automotive has seen its stock valuation collapse in recent months.Rivian has a well-capitalized balance sheet. The cash balance is enormous in comparison to market capitalization.Rivian will be able to scale production faster than any other EV company.RIVN stock now looks attractively priced.Sundry Photography/iStock Editorial via Getty ImagesRivian Automotive Inc.'s (RIVN) valuation has been significantly reduced in recent months. The stock is now trading 67% below its high and is on the verge of being oversold. Rivian Automotive is on track to deliver a significant number of electric-vehicles this decade, with excellent prospects for future growth. I believe the stock has fallen too far and now offers an appealing risk/reward ratio.A Drop In High-Volume Stocks Creates An Opportunity To Purchase Rivian Automotive.No matter which electric-vehicle manufacturer you look at right now, you will find a deeply discounted market price in comparison to the valuations we saw months ago. In 2021, electric-vehicle stocks, including Rivian Automotive's, skyrocketed due to growing investor interest in EV companies that promise phenomenal growth in deliveries and revenues.Rivian Automotive's IPO in November 2021 was conducted at a price of $78. Only four months later, Rivian's stock is trading at a 25% discount to its IPO price. The stock has also fallen 44% since the beginning of 2022.The question for investors, whether they are already invested or looking for an opportunity to get in, is whether Rivian's prospects for growth in the electric-vehicle industry have deteriorated or if the stock is simply the victim of a significant change in investors' risk tolerance with regard to high-multiple stocks.Given how consistently the stock of Rivian Automotive has dropped since November, I believe the second factor is at work here. Rivian Automotive has been (and continues to be) a high-multiple stock in one of the fastest-growing industries today: electric vehicles.Rivian Automotive is not the only fast-growing company whose multiple has shrunk. We have seen a significant redistribution of investment funds in the stock market over the last four months, with investors exiting growth names and investing in value names. Many growth stocks, including Rivian Automotive, still have high multiples, but the EV maker's valuation has dropped so dramatically that it may now make sense to capitalize on the shakeout in the growth sector.RIVN Share Price (Finviz)Well-Funded Balance Sheet Can Finance Production Growth For Many YearsThe balance sheet is what differentiates Rivian Automotive from other EV companies. Rivian Automotive's shareholder structure includes cash-rich investors such as Amazon and Ford, which provided financial support as well as orders: Rivian has received an order from Amazon for 100,000 delivery vans for its commercial delivery fleet.Rivian Automotive's cash reserves grew as a result of its initial public offering in 2021. The cash and cash equivalent position on Rivian's balance sheet, after adjusting for IPO proceeds, showed a balance of $19.9 billion. No other electric-vehicle manufacturer, in my opinion, has this much cash firepower available to expand production and deliveries. The adjusted cash position post-IPO represents 38% of Rivian's market capitalization.Adjusted Cash (Rivian Automotive)This cash balance specifically benefits Rivian Automotive by allowing the company to finance its significant investments in production scale. Rivian Automotive will be able to scale faster than any other EV company. The company currently has a production capacity of 150K electric-vehicles, which includes all three major models, the R1T and R1S, which are based on the R1 platform, and the EDV 700, which is based on the RCV platform. Additional investments will be made in order to increase annual production capacity to 200K electric-vehicles by 2023.Rivian's Financial Condition Is Going To ImproveRivian Automotive began making deliveries in the fourth quarter of last year. The absolute number of deliveries in 2021 is negligible, at around 1K. The financial situation reflects a company that is just getting started with its business model.Rivian Automotive's adjusted net losses tripled to $1.8 billion from January to September, and adjusted EBITDA and Free Cash Flow were also negative, but the scaling of production and deliveries expected over the next two years will result in a much better-looking financial score card.Adjusted EBITDA (Rivian Automotive)Diversified Electric-Vehicle Business Limits Company RisksRivian Automotive created three electric-vehicle models at the same time: the R1T, R1S, and EDV 700. The advantage of parallel development is that the company will attack three electric-vehicle segments at the same time. In my opinion, the EDV 700, which is based on Rivian Automotive's RCV platform and has been custom-designed for Amazon, is particularly promising.The EDV 700 is a commercial delivery vehicle powered by batteries that can travel up to 201 miles on a single charge, according to internal testing using official EPA test procedures. Most EV companies are launching electric-vehicles in consumer markets, but not in commercial markets, which presents Rivian Automotive with an undervalued growth opportunity.Rivian's EDV 700 commercial delivery van will compete with Ford's recently launched E-transit. Rivian Automotive's focus on the commercial van segment of the electric-vehicle market could prove to be a profitable strategic gamble, as the market is much less competitive than the truck and SUV consumer segments.Rich Multiple Conforms To Growth ExpectationsRivian Automotive is expected to ramp up production quickly in 2022 and 2023. Rivian's EV sales are expected to skyrocket from $57 million in 2021 to $3.5 billion in 2022. Rivian Automotive could generate $7 billion in annual revenue from truck, SUV, and commercial van sales by 2023.This growth potential translates to a sales multiple of 7, which is not an unusually high sales multiple in the electric-vehicle industry. Most multiples, including Rivian's, have dropped significantly in recent months, and the sales potential implied by the multiple now looks very appealing to me.Data by YChartsMy ConclusionRivian Automotive has an excellent growth outlook, and the fact that Amazon and Ford have invested in the company strengthens the investment case even more. Amazon also ordered 100K delivery vehicles from Rivian Automotive, and sales projections will skyrocket once the electric-vehicle manufacturer begins scaling R1T, R1S, and EDV 700 deliveries.Given the size of the cash balance in relation to Rivian's market capitalization, Rivian stock may now be considered inexpensive. As a result, the valuation cut represents a chance to double down.","news_type":1},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096505390,"gmtCreate":1644415133843,"gmtModify":1676533922973,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096505390","repostId":"1130062443","repostType":4,"repost":{"id":"1130062443","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644412861,"share":"https://www.laohu8.com/m/news/1130062443?lang=&edition=full","pubTime":"2022-02-09 21:21","market":"us","language":"en","title":"Alibaba Shares Jumped 1.5% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130062443","media":"Tiger Newspress","summary":"Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to an","content":"<html><head></head><body><p>Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to any specific future SoftBank transaction.</p><p><img src=\"https://static.tigerbbs.com/4df14d2439184d0839c0f7976ca7d328\" tg-width=\"876\" tg-height=\"636\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba&#39;s recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.</p><p>&#34;The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG,&#34; SoftBank said in a statement to Reuters.</p><p>E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, &#34;might also suggest potential selling intention by SoftBank.&#34;</p><p>&#34;Since Softbank has been a pre-IPO investor, we believe a large proportion of those shares have not been previously registered as ADS,&#34; Citi analysts including Alicia Yap wrote.</p><p>SoftBank&#39;s stake of around 25% in Alibaba is worth around $82 billion and has its origins in a $20 million investment in 2000. Alibaba&#39;s shares have fallen by 60% since highs in October 2020.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Shares Jumped 1.5% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Shares Jumped 1.5% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-09 21:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to any specific future SoftBank transaction.</p><p><img src=\"https://static.tigerbbs.com/4df14d2439184d0839c0f7976ca7d328\" tg-width=\"876\" tg-height=\"636\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba&#39;s recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.</p><p>&#34;The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG,&#34; SoftBank said in a statement to Reuters.</p><p>E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, &#34;might also suggest potential selling intention by SoftBank.&#34;</p><p>&#34;Since Softbank has been a pre-IPO investor, we believe a large proportion of those shares have not been previously registered as ADS,&#34; Citi analysts including Alicia Yap wrote.</p><p>SoftBank&#39;s stake of around 25% in Alibaba is worth around $82 billion and has its origins in a $20 million investment in 2000. Alibaba&#39;s shares have fallen by 60% since highs in October 2020.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130062443","content_text":"Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to any specific future SoftBank transaction.Alibaba's recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.\"The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG,\" SoftBank said in a statement to Reuters.E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, \"might also suggest potential selling intention by SoftBank.\"\"Since Softbank has been a pre-IPO investor, we believe a large proportion of those shares have not been previously registered as ADS,\" Citi analysts including Alicia Yap wrote.SoftBank's stake of around 25% in Alibaba is worth around $82 billion and has its origins in a $20 million investment in 2000. Alibaba's shares have fallen by 60% since highs in October 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096094105,"gmtCreate":1644248014500,"gmtModify":1676533904530,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096094105","repostId":"2209737361","repostType":4,"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098135560,"gmtCreate":1644040080741,"gmtModify":1676533885479,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098135560","repostId":"9004448317","repostType":1,"repost":{"id":9004448317,"gmtCreate":1642676525258,"gmtModify":1676533734534,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Join Tiger Ski Championship, Win a Bonus of Up to USD 2022","htmlText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098138541,"gmtCreate":1644038937907,"gmtModify":1676533885403,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098138541","repostId":"1196927717","repostType":4,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9007288377,"gmtCreate":1642905750406,"gmtModify":1676533756560,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Thanks tiger&nbsp;[Cool]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>Thanks tiger&nbsp;[Cool]&nbsp;","text":"$Tiger Brokers(TIGR)$Thanks tiger [Cool]","images":[{"img":"https://static.itradeup.com/news/58313dfc37c3b77210b5ac355a7d8da0","width":"3072","height":"2152"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007288377","isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3554959685561476","authorId":"3554959685561476","name":"卧虎藏龙用户","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1},"content":"How to get them?","text":"How to get them?","html":"How to get them?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9092108007,"gmtCreate":1644545629464,"gmtModify":1676533939650,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Not a good year for FB","listText":"Not a good year for FB","text":"Not a good year for FB","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092108007","repostId":"1113677136","repostType":4,"repost":{"id":"1113677136","pubTimestamp":1644543742,"share":"https://www.laohu8.com/m/news/1113677136?lang=&edition=full","pubTime":"2022-02-11 09:42","market":"us","language":"en","title":"Could Meta Platforms Stock Double Over the Next 12 Months?","url":"https://stock-news.laohu8.com/highlight/detail?id=1113677136","media":"Motley Fool","summary":"One analyst thinks so.","content":"<html><head></head><body><p><b>Key Points</b></p><ul><li>This analyst has a $466 price target on Meta Platforms stock.</li><li>The stock&#39;s post-earnings sell-off may be overdone.</li><li>Meta Platforms stock now has a price-to-earnings ratio of just 17.</li></ul><p>Shares of Facebook-parent <b>Meta Platforms</b>(NASDAQ:FB) have been absolutely clobbered this year. The stock is down about 30% so far in 2022. Most of this decline, of course, was caused by the company&#39;s disappointing third-quarter update and management&#39;s dismal guidance for Q1.</p><p>The question on many investors&#39; minds is whether this pullback in the tech-stock price represents a buying opportunity. At least one analyst thinks this is not just a buying opportunity -- but a <i>compelling</i> one. On Wednesday, Tigress Financial analyst Ivan Feinseth called the stock a &#34;strong buy,&#34; reiterating a $466 12-month price target.</p><p>Given where Meta Platforms stock is trading as of this writing, this represents just over 100% upside for shares. Is this analyst onto something?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1a3029769a20941e96ddc71b5548019\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>Meta Platforms has a history of conservative guidance</b></p><p>The main thing that spooked investors when Meta Platforms reported its fourth-quarter results was CFO David Wehner&#39;s guidance for revenue to grow just 3%-11% year over year in Q1. This would mark a big slowdown from the company&#39;s 20% revenue growth in Q4. Further, management said in Meta Platforms&#39; fourth-quarter earnings call that it&#39;s a &#34;multiyear development journey&#34; for the company to rebuild its advertising measurement and targeting systems to fully address new challenges presented on these fronts by <b>Apple</b>&#39;s recent iOS updates.</p><p>But investors should note that Wehner has a long history of being overly conservative. Consider Wehner&#39;s repeated calls in 2017 for advertising-revenue growth to &#34;come down meaningfully&#34; in the second half of the year, relative to the 50% growth levels it was averaging previously. Yet revenue increased 49% year over year in both the third and fourth quarter of 2017. This compared to 51% and 47% respective growth in advertising revenue in the first and second quarters of 2017.</p><p>While past results are certainly no indication of future results, it&#39;s a fair statement to say that Meta&#39;s guidance typically errs on the side of conservatism.</p><p>The fact that Meta may be guiding conservatively is one reason Feinseth is likely reiterating a buy rating for the stock after its post-earnings crash. The Street&#39;s sell-off of an already attractively valued stock may have just created an outstanding buying opportunity for investors willing to see through to the other side of this storm.</p><p><b>A compelling valuation</b></p><p>Today, Meta has a price-to-earnings ratio of just 17. For a company as profitable as Facebook and with a bigger network effect than any other social network in the world, this valuation is compelling. A buying opportunity in a market leader like this may not last.</p><p>Sure, investors should keep an eye on how growth fares in the coming quarters. If revenue in Q1 really does grow 11% or less year over year, and if quarterly guidance is bleak once again, this may be cause for concern. But it may be worth starting a position in the stock at this lower valuation, as the cheap valuation arguably prices in a lot of the risks for the company.</p><p>While a doubling of the stock in just 12 months is unlikely, it&#39;s certainly possible. Even if the company&#39;s earnings per share don&#39;t grow over the next 12 months (an unlikely outcome), all that would need to happen for the stock to double is a price-to-earnings multiple expansion from 17 to 34. If Meta proves that current headwinds are only temporary, an outcome like this isn&#39;t out of the question.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could Meta Platforms Stock Double Over the Next 12 Months?</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\">\nCould Meta Platforms Stock Double Over the Next 12 Months?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/10/could-meta-platforms-stock-double-over-the-next-12/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key PointsThis analyst has a $466 price target on Meta Platforms stock.The stock's post-earnings sell-off may be overdone.Meta Platforms stock now has a price-to-earnings ratio of just 17.Shares of ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/10/could-meta-platforms-stock-double-over-the-next-12/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/02/10/could-meta-platforms-stock-double-over-the-next-12/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113677136","content_text":"Key PointsThis analyst has a $466 price target on Meta Platforms stock.The stock's post-earnings sell-off may be overdone.Meta Platforms stock now has a price-to-earnings ratio of just 17.Shares of Facebook-parent Meta Platforms(NASDAQ:FB) have been absolutely clobbered this year. The stock is down about 30% so far in 2022. Most of this decline, of course, was caused by the company's disappointing third-quarter update and management's dismal guidance for Q1.The question on many investors' minds is whether this pullback in the tech-stock price represents a buying opportunity. At least one analyst thinks this is not just a buying opportunity -- but a compelling one. On Wednesday, Tigress Financial analyst Ivan Feinseth called the stock a \"strong buy,\" reiterating a $466 12-month price target.Given where Meta Platforms stock is trading as of this writing, this represents just over 100% upside for shares. Is this analyst onto something?IMAGE SOURCE: GETTY IMAGES.Meta Platforms has a history of conservative guidanceThe main thing that spooked investors when Meta Platforms reported its fourth-quarter results was CFO David Wehner's guidance for revenue to grow just 3%-11% year over year in Q1. This would mark a big slowdown from the company's 20% revenue growth in Q4. Further, management said in Meta Platforms' fourth-quarter earnings call that it's a \"multiyear development journey\" for the company to rebuild its advertising measurement and targeting systems to fully address new challenges presented on these fronts by Apple's recent iOS updates.But investors should note that Wehner has a long history of being overly conservative. Consider Wehner's repeated calls in 2017 for advertising-revenue growth to \"come down meaningfully\" in the second half of the year, relative to the 50% growth levels it was averaging previously. Yet revenue increased 49% year over year in both the third and fourth quarter of 2017. This compared to 51% and 47% respective growth in advertising revenue in the first and second quarters of 2017.While past results are certainly no indication of future results, it's a fair statement to say that Meta's guidance typically errs on the side of conservatism.The fact that Meta may be guiding conservatively is one reason Feinseth is likely reiterating a buy rating for the stock after its post-earnings crash. The Street's sell-off of an already attractively valued stock may have just created an outstanding buying opportunity for investors willing to see through to the other side of this storm.A compelling valuationToday, Meta has a price-to-earnings ratio of just 17. For a company as profitable as Facebook and with a bigger network effect than any other social network in the world, this valuation is compelling. A buying opportunity in a market leader like this may not last.Sure, investors should keep an eye on how growth fares in the coming quarters. If revenue in Q1 really does grow 11% or less year over year, and if quarterly guidance is bleak once again, this may be cause for concern. But it may be worth starting a position in the stock at this lower valuation, as the cheap valuation arguably prices in a lot of the risks for the company.While a doubling of the stock in just 12 months is unlikely, it's certainly possible. Even if the company's earnings per share don't grow over the next 12 months (an unlikely outcome), all that would need to happen for the stock to double is a price-to-earnings multiple expansion from 17 to 34. If Meta proves that current headwinds are only temporary, an outcome like this isn't out of the question.","news_type":1},"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039243765,"gmtCreate":1646060445486,"gmtModify":1676534086659,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039243765","repostId":"1132135264","repostType":4,"repost":{"id":"1132135264","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646059871,"share":"https://www.laohu8.com/m/news/1132135264?lang=&edition=full","pubTime":"2022-02-28 22:51","market":"us","language":"en","title":"Sea Limited Shares Gained Nearly 5% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1132135264","media":"Tiger Newspress","summary":"Sea Limited shares gained nearly 5% in morning trading.Sea Limited is set to release fourth-quarter ","content":"<html><head></head><body><p>Sea Limited shares gained nearly 5% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/8e4e89729abc3b35ab18cd8bb0bcdc2e\" tg-width=\"843\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p><b>Sea Limited</b> is set to release fourth-quarter 2021 results on Mar 1.</p><p>The Zacks Consensus Estimate for loss has widened by 3 cents to 94 cents per share over the past 30 days. Sea Limited reported a loss of 87 cents per share in the year-ago quarter.</p><p>The consensus mark for revenues is currently pegged at $2.97 billion, indicating 47.96% growth from the year-ago quarter’s reported figure.</p><p>The company’s earnings missed the Zacks Consensus Estimate in all of the trailing four quarters, the negative earnings surprise being 56.04%.</p><p>Let’s see how things have shaped up before this announcement.</p><p><b>Factors at Play for Q4 Results</b></p><p>Sea Limited&#39;s digital entertainment (Garena) and e-commerce businesses are expected to continue to capitalize on changing consumer behavior in the fourth quarter.</p><p>Garena is likely to have benefited from the continued popularity of Free Fireamid stiff competition from<b>Tencent</b>TCEHY.</p><p>Per SensorTowerdata, in google play, Free Firewas the second most revenue-generating game worldwide in December 2021, beating Tencent&#39;s PUBG Mobile. Free Fire was also the highest-grossing game in October 2021.</p><p>The company&#39;s e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Additionally, SeaMoney&#39;s strengthening integration with Shopee is expected to have aided Sea&#39;s digital financial services business.</p><p>Higher expenses related to the expansion of e-commerce services and continued efforts to integrate the company&#39;s mobile wallet services with the Shopee platform across different markets are expected to have negatively impacted profitability in the to-be-reported quarter.</p><p><b>What Our Model Indicates</b></p><p>Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here.</p><p>Sea Limited has an Earnings ESP of -6.95% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Shares Gained Nearly 5% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Shares Gained Nearly 5% in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-28 22:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea Limited shares gained nearly 5% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/8e4e89729abc3b35ab18cd8bb0bcdc2e\" tg-width=\"843\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/></p><p><b>Sea Limited</b> is set to release fourth-quarter 2021 results on Mar 1.</p><p>The Zacks Consensus Estimate for loss has widened by 3 cents to 94 cents per share over the past 30 days. Sea Limited reported a loss of 87 cents per share in the year-ago quarter.</p><p>The consensus mark for revenues is currently pegged at $2.97 billion, indicating 47.96% growth from the year-ago quarter’s reported figure.</p><p>The company’s earnings missed the Zacks Consensus Estimate in all of the trailing four quarters, the negative earnings surprise being 56.04%.</p><p>Let’s see how things have shaped up before this announcement.</p><p><b>Factors at Play for Q4 Results</b></p><p>Sea Limited&#39;s digital entertainment (Garena) and e-commerce businesses are expected to continue to capitalize on changing consumer behavior in the fourth quarter.</p><p>Garena is likely to have benefited from the continued popularity of Free Fireamid stiff competition from<b>Tencent</b>TCEHY.</p><p>Per SensorTowerdata, in google play, Free Firewas the second most revenue-generating game worldwide in December 2021, beating Tencent&#39;s PUBG Mobile. Free Fire was also the highest-grossing game in October 2021.</p><p>The company&#39;s e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Additionally, SeaMoney&#39;s strengthening integration with Shopee is expected to have aided Sea&#39;s digital financial services business.</p><p>Higher expenses related to the expansion of e-commerce services and continued efforts to integrate the company&#39;s mobile wallet services with the Shopee platform across different markets are expected to have negatively impacted profitability in the to-be-reported quarter.</p><p><b>What Our Model Indicates</b></p><p>Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here.</p><p>Sea Limited has an Earnings ESP of -6.95% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132135264","content_text":"Sea Limited shares gained nearly 5% in morning trading.Sea Limited is set to release fourth-quarter 2021 results on Mar 1.The Zacks Consensus Estimate for loss has widened by 3 cents to 94 cents per share over the past 30 days. Sea Limited reported a loss of 87 cents per share in the year-ago quarter.The consensus mark for revenues is currently pegged at $2.97 billion, indicating 47.96% growth from the year-ago quarter’s reported figure.The company’s earnings missed the Zacks Consensus Estimate in all of the trailing four quarters, the negative earnings surprise being 56.04%.Let’s see how things have shaped up before this announcement.Factors at Play for Q4 ResultsSea Limited's digital entertainment (Garena) and e-commerce businesses are expected to continue to capitalize on changing consumer behavior in the fourth quarter.Garena is likely to have benefited from the continued popularity of Free Fireamid stiff competition fromTencentTCEHY.Per SensorTowerdata, in google play, Free Firewas the second most revenue-generating game worldwide in December 2021, beating Tencent's PUBG Mobile. Free Fire was also the highest-grossing game in October 2021.The company's e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Additionally, SeaMoney's strengthening integration with Shopee is expected to have aided Sea's digital financial services business.Higher expenses related to the expansion of e-commerce services and continued efforts to integrate the company's mobile wallet services with the Shopee platform across different markets are expected to have negatively impacted profitability in the to-be-reported quarter.What Our Model IndicatesPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here.Sea Limited has an Earnings ESP of -6.95% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096505390,"gmtCreate":1644415133843,"gmtModify":1676533922973,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096505390","repostId":"1130062443","repostType":4,"repost":{"id":"1130062443","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644412861,"share":"https://www.laohu8.com/m/news/1130062443?lang=&edition=full","pubTime":"2022-02-09 21:21","market":"us","language":"en","title":"Alibaba Shares Jumped 1.5% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130062443","media":"Tiger Newspress","summary":"Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to an","content":"<html><head></head><body><p>Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to any specific future SoftBank transaction.</p><p><img src=\"https://static.tigerbbs.com/4df14d2439184d0839c0f7976ca7d328\" tg-width=\"876\" tg-height=\"636\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba&#39;s recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.</p><p>&#34;The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG,&#34; SoftBank said in a statement to Reuters.</p><p>E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, &#34;might also suggest potential selling intention by SoftBank.&#34;</p><p>&#34;Since Softbank has been a pre-IPO investor, we believe a large proportion of those shares have not been previously registered as ADS,&#34; Citi analysts including Alicia Yap wrote.</p><p>SoftBank&#39;s stake of around 25% in Alibaba is worth around $82 billion and has its origins in a $20 million investment in 2000. Alibaba&#39;s shares have fallen by 60% since highs in October 2020.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Shares Jumped 1.5% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Shares Jumped 1.5% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-09 21:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to any specific future SoftBank transaction.</p><p><img src=\"https://static.tigerbbs.com/4df14d2439184d0839c0f7976ca7d328\" tg-width=\"876\" tg-height=\"636\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba&#39;s recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.</p><p>&#34;The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG,&#34; SoftBank said in a statement to Reuters.</p><p>E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, &#34;might also suggest potential selling intention by SoftBank.&#34;</p><p>&#34;Since Softbank has been a pre-IPO investor, we believe a large proportion of those shares have not been previously registered as ADS,&#34; Citi analysts including Alicia Yap wrote.</p><p>SoftBank&#39;s stake of around 25% in Alibaba is worth around $82 billion and has its origins in a $20 million investment in 2000. Alibaba&#39;s shares have fallen by 60% since highs in October 2020.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130062443","content_text":"Alibaba Shares Jumped 1.5% in Premarket Trading. SoftBank said additional Alibaba ADS not tied to any specific future SoftBank transaction.Alibaba's recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp, a spokesperson for the Japanese conglomerate said on Wednesday.\"The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG,\" SoftBank said in a statement to Reuters.E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, \"might also suggest potential selling intention by SoftBank.\"\"Since Softbank has been a pre-IPO investor, we believe a large proportion of those shares have not been previously registered as ADS,\" Citi analysts including Alicia Yap wrote.SoftBank's stake of around 25% in Alibaba is worth around $82 billion and has its origins in a $20 million investment in 2000. Alibaba's shares have fallen by 60% since highs in October 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097066203,"gmtCreate":1645271529119,"gmtModify":1676534014846,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097066203","repostId":"1198934487","repostType":4,"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098138541,"gmtCreate":1644038937907,"gmtModify":1676533885403,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098138541","repostId":"1196927717","repostType":4,"repost":{"id":"1196927717","pubTimestamp":1644033090,"share":"https://www.laohu8.com/m/news/1196927717?lang=&edition=full","pubTime":"2022-02-05 11:51","market":"us","language":"en","title":"Palantir: Red Flag Or Opportunity?","url":"https://stock-news.laohu8.com/highlight/detail?id=1196927717","media":"Seeking Alpha","summary":"SummaryPalantir has only 203 total customers as of Q3 2021, while just 20 of those customers account","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Palantir has only 203 total customers as of Q3 2021, while just 20 of those customers account for 58% of total revenue.</li><li>Revenue growth in Palantir’s core client cohort slowed to 20% annualized through the first three quarters of 2021 compared to 2020.</li><li>During 2021, Palantir fundamentally transformed its go-to-market strategy. The company is now using its cash to aggressively invest in other companies (Investees) who agree to purchase Palantir’s software.</li><li>Management continues to guide for 30% sales growth through mid-decade. However, Palantir’s 3-phase business model hints at sales trending lower excluding its Investee sales.</li><li>Palantir offers extraordinary long-term growth potential which should place it on the watchlist of all growth investors. The investment case rests on the fulcrum between opportunity and red flags.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd7a77abaec0ea0aa58eebb9ce4b9606\" tg-width=\"1536\" tg-height=\"1187\" width=\"100%\" height=\"auto\"/><span>agawa288/iStock via Getty Images</span></p><p>I am assigning Palantir (NYSE:PLTR) a neutral risk/reward rating as the long-term growth opportunity is counterbalanced by near-term red flags. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, a number of notable red flags warrant caution. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error.</p><p><b>Risk/Reward Rating: Neutral</b></p><p>Palantir has an unusual business model compared to its peers in the enterprise software sector in regard to how it acquires and grows its customer base. The company categorizes its customers according to three phases of development or cohorts: (1) Acquire, (2) Expand, and (3) Scale. While they are generic terms that are applicable to all businesses, they are unique in the case of Palantir due to how the company approaches its customers.</p><p><b>Customer Detail</b></p><p>Palantir defines a customer in the Acquire cohort as one that has generated less than $100,000 of revenue as of year-end while being unprofitable to Palantir. The Expand cohort is characterized by a customer that generated more than $100,000 of sales yet remained unprofitable. Finally, the Scale cohort is defined as a customer that has generated more than $100,000 of revenue while being a profitable relationship for Palantir during the year.</p><p>The following tables were compiled from Palantir’s Q3 2021 10-Q filed with the SEC. The first table displays Palantir’s 2020 sales from each of the client cohorts which were categorized at the end of 2020 (2020 Revenue). In the 2021 Annualized column, you will find the sales of each of these 2020 customer cohorts through Q3 2021 annualized. In the second set of tables, I have compiled key details regarding Palantir’s largest customers over the past twelve months, as well as critical details pertaining to customers that are new to Palantir in 2021 which are not yet assigned to a cohort. Cohort categorization occurs at the end of each year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e38ee31a1d6e826d2d02216e39ac570\" tg-width=\"640\" tg-height=\"151\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4dc61112528e104ef0d3a8dc80f89d1\" tg-width=\"581\" tg-height=\"481\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>For ease of comparison, I have color-coded the information that is related. One of the dominant realities for Palantir is its concentrated customer base, which is highlighted in blue. Palantir has only 203 customers, with the top 20 accounting for 58% of sales.</p><p>By definition, Palantir’s largest customers are in the Scale cohort. Through the first three quarters of 2021, the Scale cohort (categorized as such at the end of 2020) is growing at an annualized rate of 20%. Given that this group accounts for 86% of Palantir’s revenue, it will be challenging to move the sales growth needle materially above 20% without explosive growth from the other two cohorts or a material acceleration from the Scale cohort. It should be noted that management is guiding to 30% annual sales growth through mid-decade.</p><p>The 2020 year-end Acquire and Expand cohorts are highlighted in yellow in the upper table. New customers in 2021 will not be assigned to a cohort until the year-end Palantir report. I have highlighted the pertinent 2021 new customer data in yellow for easy comparison to the 2020 Acquire and Expand customer cohorts. I view the 2021 new customer sales performance excluding sales to Investees to be a sustainable core growth rate. The Investee customer acquisition strategy is extraordinarily unusual and carries an exceedingly high capital risk which introduces reputational and, therefore, brand risk.</p><p>Please note that Investee here refers to customers that Palantir has purchased the stock of in return for the Investee using Palantir’s software. Meaning, the revenue from Investees is a reciprocation of Palantir investing in the shares of these customers. In this respect, these are not arm’s-length transactions. I believe the new client numbers excluding sales to Investees is an important data point for ascertaining a purely market-based new customer growth rate.</p><p>Similar to the Scale cohort growth rate annualizing at 20% in 2021, the new customer sales growth rate is annualizing at 22% through Q3 2021 compared to the $20.6 million of sales from the Acquire and Expand cohorts of 2020. While this is not a perfect comparison for sales growth from new customers, it is a fair estimation. As a result, Palantir appears to be trending toward an underlying sales growth rate closer to 20% than the company’s 30% sales growth guidance through mid-decade.</p><p><b>Investees</b></p><p>It is important to step back and review Palantir’s investments in Investees as this is an extraordinarily unusual go-to-market strategy for customer acquisition. The above numbers, which suggest revenue growth is trending toward 20%, place Palantir’s use of its balance sheet cash to fund new customers in a new light. The following tables were compiled from Palantir’s Q3 2021 10-Q. The first table lists companies that Palantir has funded as of the end of Q3 2021. The second table displays Palantir’s investment commitments to new companies that are not yet funded.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dda111182479c1fbaddc642369e4bd3\" tg-width=\"640\" tg-height=\"264\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>I have conducted a cursory review of each of the above companies. The common theme is that they are all early-stage companies in the most popular growth sectors. These sectors include EVs, robotics, flying electric vehicles, satellite services and drug discovery. None of the Investees appears to offer enough appreciation potential in its own right to move the needle materially for Palantir’s valuation. Palantir’s ownership stake ranges from 0.4% to 1.6%.</p><p>It remains unclear how much of each company’s funding can be spent on Palantir’s software. Furthermore, it is not clear if the $19 million of revenue through Q3 2021 from these companies is sustainable.</p><p>I have highlighted in blue Palantir’s total investment of $150 million in the seven companies. The yellow highlighted cell represents the current valuation of the investments. Palantir is now down approximately $64 million on these seven companies alone. This highlights an extreme risk for this method of customer acquisition as the capital losses to date dwarf the revenue generated. There are other private company investments not listed above, however, Palantir does not break out the details. They are included in other assets on Palantir’s balance sheet which amounted to $116 million as of Q3 2021.</p><p>The following table displays Palantir’s commitments to invest in new companies as of Q3 2021. I have highlighted in yellow the two companies that Palantir funded subsequent to the end of Q3 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06664e25242d0bacb6f2a64a7a80228\" tg-width=\"640\" tg-height=\"526\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>I have highlighted in blue the total funding commitment for new investments as of Q3 2021. This is $252 million on top of the $150 million completed prior to the end of Q3. While I have not looked into these particular companies, they appear similar to the first seven investments reviewed above. Meaning, they appear to carry extreme capital risk with upside potential that is likely to be minimal when compared to the valuation upside inherent in Palantir’s software business. It should be noted that recent valuations were extreme and continue to contract rapidly. As a result, the timing risk for capital loss is also heightened by making the investments at the top of the VC/IPO cycle.</p><p><b>Financial Performance</b></p><p>Turning to Palantir’s recent performance, I have chosen to view sales growth excluding the Investees as this is the most likely sustainable growth trajectory. The following table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC. I made an adjustment by removing Investee revenue to arrive at a net revenue figure.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b09c2f2aada9cb30c8b720be23d096e2\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>I have highlighted in yellow the 29% revenue growth in Q3 2021 after removing the Investee revenue. Investees added 6.5% to growth in Q3. Year-to-date, the Investee revenue accounted for 1.7% revenue growth. The 29% growth rate is already decelerating beneath the company’s 30% growth guidance through mid-decade. Keep in mind that the Investee revenue stream will grow with additional funding of Palantir’s investment commitments. Regardless, growth is decelerating rapidly at 29% in Q3 compared to 41% year-to-date excluding these non-arm’s-length sales.</p><p><b>Geographic &amp; Segment Sales</b></p><p>The sales slowdown is being led by France, which contracted 22% through the first three quarters of 2021 (highlighted in orange below). It should be noted that Palantir has had a material relationship with Airbus and the airline industry. This could be a negative read through for an important client and industry. While the US remained the best performer in Q3 2021, growth is slowing rapidly as is evidenced by the blue highlighted cells below. The table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b19bc17658ff1b951eec789ec95deddd\" tg-width=\"640\" tg-height=\"314\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>In addition to France, the rest of the world is also slowing rapidly, from 45% through the first nine months of the year to 20% in Q3 2021. Please note that these are reported sales without any adjustments. The following table was compiled from the same SEC filing and highlights that the large sales slowdown in Q3 occurred in the Government segment. Please keep in mind that the Investee revenue is included in the figures below and added approximately 6.5% to the Q3 growth rate in the Commercial segment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a553cc3913c2af281262da7b15bdc3c\" tg-width=\"640\" tg-height=\"278\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>In summary, the Commercial segment is growing revenue rather steadily, approximately 29% excluding the Investee revenue. However, the Government segment is decelerating rapidly, from 57% through the first nine months of 2021 to 34% in Q3.</p><p><b>Gross Profit &amp; KPI</b></p><p>Palantir’s unusual customer acquisition strategy predates the shift to Investees. The company’s sales and marketing expenses appear to be quite similar to the cost of goods sold for other companies. This is the case because Palantir offers prospective customers free pilot programs as opposed to requiring payment upfront for use of its software. Sales and marketing personnel execute the pilot programs and coordinate solution development in order to generate sales. The following quote from the Q3 2021 10-Q summarizes the situation:</p><blockquote>Sales and marketing costs primarily include salaries, stock-based compensation expense, and benefits for our sales force and personnel involved in executing on pilots and customer growth activities...</blockquote><p>As a result, I view the sales and marketing expense in the case of Palantir to be a cost of goods sold and reduction to gross margin. While this categorization does not affect the bottom line, it does serve to place the reported 78% gross margin in context.</p><p>I believe this perspective on sales and marketing expense is helpful in thinking about Palantir’s business model in relation to other companies and relative valuations that rely on gross profit margins. The following table was compiled from Palantir’s Q3 2021 10-Q and displays the reported cost of revenue and sales and marketing expense adjusted by removing the related stock-based compensation expense from each line item.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55c5e5fcea6102ca9d0542c130ee1d15\" tg-width=\"640\" tg-height=\"501\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>Notice that the adjusted gross profit growth has slowed considerably to 25% in Q3 (highlighted in blue in the lower portion of the table) compared to 59% through the first nine months of 2021 (highlighted in yellow). The cost of sales is rising rapidly in Q3 2021 compared to the first nine months of the year.</p><p>Palantir utilizes one KPI or Key Performance Indicator to judge performance and inform decision-making, which is referred to as Contribution Margin. It is similar to my adjusted gross margin figure above as can be seen in the following table compiled from Palantir’s Q3 2021 10-Q.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7cc4e966e16c27ea17f99ccb08a18957\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>Notice that the contribution row is remarkably similar to my adjusted gross profit row in the previous table. Additionally, the growth rate deceleration is similar, as can be seen in the highlighted cells. While 37% is materially different from my estimate of 25% growth, the step change lower from 64% is of similar amplitude.</p><p><b>Operating Income</b></p><p>Turning to operating income, I have adjusted the reported figures once again by removing stock option-related expenses as well as one-off expenses pertaining to the direct listing IPO in 2020. The overriding message is once again one of rapid deceleration. The following table was compiled from the same SEC filing and displays operating expenses excluding sales and marketing expenses, as well as my adjusted operating income estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5f344c289a598ec7824067b39c04f09\" tg-width=\"640\" tg-height=\"479\" width=\"100%\" height=\"auto\"/><span>Source: Created by Brian Kapp, stoxdox</span></p><p>In the lower section of the table, notice the incredible deceleration in adjusted operating income to 40% growth in Q3 of 2021 compared to 266% growth through the first nine months of the year. General and administrative expenses accelerated rapidly in Q3 2021, while Palantir materially reduced research and development investment to just 5% growth in Q3.</p><p>The research and development investment slowdown could be a negative read through for sales growth as R&amp;D is an integral part of the sales process. Research and development expenses should track the sales cycle through the three customer phases: Acquire, Expand, and Scale. As customer needs are identified by sales and marketing, research and development expenses should respond to increased future sales potential. This does not appear to be happening at the moment.</p><p>As of Q3 2021, Palantir is annualizing at an adjusted operating income run rate of approximately $300 to $320 million, or about $.16 per share. This is a before-tax operating income figure. The primary takeaway from the operating income front is that profitability is slowing rapidly. This provides additional color for the unusual Investee customer acquisition strategy being deployed.</p><p><b>Consensus Growth Estimates</b></p><p>If Palantir is producing at a $320 million adjusted annual operating income run rate and it was taxed at a normalized 25% rate, the current earnings power would be in the $240 million range or $.12 per diluted share. With this information and the growth deceleration outlined above, we can begin to put consensus earnings estimates into context. The following table was compiled from Seeking Alpha and displays consensus earnings and revenue estimates through 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/022fd2d18964776a3e20294c7917548f\" tg-width=\"640\" tg-height=\"241\" width=\"100%\" height=\"auto\"/><span>Source: Seeking Alpha. Created by Brian Kapp, stoxdox</span></p><p>I have highlighted the 2022 consensus estimates for earnings and sales growth. Notice that the 39% consensus earnings growth estimate for 2022 is in line with the 40% operating income growth posted in Q3 of 2021. Additionally, the sales growth estimate of 30% is just above the 29% adjusted sales growth in Q3 2021 excluding sales to Investees.</p><p>The 39% earnings growth expected for 2022 appears to be at material risk of being too high given the rapid slowdown in operating income to 40% in Q3 2021 compared to 266% through the first nine months of the year. This trajectory would likely place earnings growth for 2022 well below 39%.</p><p>The 30% sales growth estimate for 2022 looks to be achievable given Palantir’s aggressive investment strategy in regard to Investees who then purchase Palantir software. I believe the market will tend to discount Investee sales as I have. Excluding these sales, the revenue growth trajectory appears to be trending closer to 20% than 30% for 2022, which opens the door to further growth disappointment.</p><p>Looking to consensus estimates for 2023, the expected growth rates are remarkably similar to 2022. This straight-line growth forecast through 2023 adds to the risk that consensus estimates could be too high over the coming years. The current trajectory points to growth materially below that expected for 2022 and 2023.</p><p><b>Valuation</b></p><p>Palantir is trading at 87x the consensus earnings estimate for 2021 and 62x that for 2022. Please keep in mind that these are non-GAAP (generally accepted accounting principles) earnings estimates. On a GAAP basis, Palantir continues to produce at a loss. The reported loss in Q3 2021 was $92 million and was $352 million through the first nine months of 2021.</p><p>Using the non-GAAP earnings estimates, 87x current year earnings and 62x forward earnings are extreme valuations from a historical market perspective. That said, they are within the realm of possibility for a growth stock in recent years. When viewed against Palantir’s rapidly slowing sales and operating income growth rates, as well as the heightened risk that consensus estimates may be too high, the current valuation multiples on consensus estimates offer little margin for error.</p><p>On the sales front, Palantir is valued at 17x the consensus 2021 revenue estimate and 13x that for 2022. These are extreme price-to-sales multiples for a large-cap company from a historical perspective. My estimate of core sales growth trending toward 20% excluding Investee revenue suggests that these valuation multiples on sales also offer little margin for error.</p><p>The valuation risks are further elevated when combined with the rapidly slowing operating income growth. Furthermore, as can be seen in my adjusted gross margin figure growing at 25% as of Q3 2021, the Palantir business model may not be supportive of a historically extreme price-to-sales valuation.</p><p><b>Technicals</b></p><p>While the fundamental backdrop points toward little margin for error and subdued excess return potential, the technical setup suggests more meaningful upside return potential. The following 3-year weekly chart offers a bird’s eye view of the potential technical return spectrum. I have highlighted the key resistance levels with orange horizontal lines and the primary support level with a green line.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9aaa4f2a36fa507e420c9353d0cd91c\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/><span>Palantir 3-year weekly chart. (Created by Brian Kapp using a chart from Barchart.com)</span></p><p>The return potential to the nearest resistance levels of $19 and $22 is 43% and 65%, respectively. On the downside, the nearest support lies at the IPO price range near $10. The downside return potential to this level is -25%. It should be noted that Palantir’s short trading history of 16 months limits the usefulness of technical analysis. Additionally, with no trading history beneath the IPO price, it is unclear where support will be found if the $10 level is breached to the downside.</p><p>To estimate downside potential beneath $10, I apply an earnings multiple of 40x the 2022 non-GAAP consensus earnings estimate. This valuation is twice that of the current market averages and would place Palantir shares at $8. This represents -40% downside risk from current levels.</p><p>If the 39% consensus earnings estimate for 2022 is too high, further downside from $8 is in the realm of possibility. To estimate the downside risk potential if estimates are too high, I apply the same 40x non-GAAP earnings to my estimate of Palantir’s current annual run rate for fully-taxed, non-GAAP profitability. If earnings growth comes in at 25% for 2022 (my estimate of adjusted gross profit growth as of Q3 2021) on top of my estimate of $.12 for the current annual run rate of adjusted earnings after tax, the shares could trade down to $6. This would represent downside risk of -55%.</p><p>The following daily chart provides a closer look at the technical backdrop.</p><p><img src=\"https://static.tigerbbs.com/fa32fdab79f60368696ab122ff81b60a\" tg-width=\"640\" tg-height=\"372\" width=\"100%\" height=\"auto\"/></p><p>The technical picture suggests heavy resistance between $19 and $22. Given the unrelenting downtrend over the past three months, a near-term bounce is likely. That said, the upside technical potential combined with the downside fundamental potential leaves the shares with a balanced potential return spectrum of 65% to -55% over the near term.</p><p><b>Summary</b></p><p>All told, Palantir should be placed on the watchlist for high-risk growth investors. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, with notable red flags in the mix, caution is in order. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error. The resulting symmetry between risk and reward results in a neutral rating.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Red Flag Or Opportunity?</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\">\nPalantir: Red Flag Or Opportunity?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-05 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4484295-palantir-red-flag-or-opportunity><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPalantir has only 203 total customers as of Q3 2021, while just 20 of those customers account for 58% of total revenue.Revenue growth in Palantir’s core client cohort slowed to 20% annualized ...</p>\n\n<a href=\"https://seekingalpha.com/article/4484295-palantir-red-flag-or-opportunity\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4484295-palantir-red-flag-or-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196927717","content_text":"SummaryPalantir has only 203 total customers as of Q3 2021, while just 20 of those customers account for 58% of total revenue.Revenue growth in Palantir’s core client cohort slowed to 20% annualized through the first three quarters of 2021 compared to 2020.During 2021, Palantir fundamentally transformed its go-to-market strategy. The company is now using its cash to aggressively invest in other companies (Investees) who agree to purchase Palantir’s software.Management continues to guide for 30% sales growth through mid-decade. However, Palantir’s 3-phase business model hints at sales trending lower excluding its Investee sales.Palantir offers extraordinary long-term growth potential which should place it on the watchlist of all growth investors. The investment case rests on the fulcrum between opportunity and red flags.agawa288/iStock via Getty ImagesI am assigning Palantir (NYSE:PLTR) a neutral risk/reward rating as the long-term growth opportunity is counterbalanced by near-term red flags. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, a number of notable red flags warrant caution. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error.Risk/Reward Rating: NeutralPalantir has an unusual business model compared to its peers in the enterprise software sector in regard to how it acquires and grows its customer base. The company categorizes its customers according to three phases of development or cohorts: (1) Acquire, (2) Expand, and (3) Scale. While they are generic terms that are applicable to all businesses, they are unique in the case of Palantir due to how the company approaches its customers.Customer DetailPalantir defines a customer in the Acquire cohort as one that has generated less than $100,000 of revenue as of year-end while being unprofitable to Palantir. The Expand cohort is characterized by a customer that generated more than $100,000 of sales yet remained unprofitable. Finally, the Scale cohort is defined as a customer that has generated more than $100,000 of revenue while being a profitable relationship for Palantir during the year.The following tables were compiled from Palantir’s Q3 2021 10-Q filed with the SEC. The first table displays Palantir’s 2020 sales from each of the client cohorts which were categorized at the end of 2020 (2020 Revenue). In the 2021 Annualized column, you will find the sales of each of these 2020 customer cohorts through Q3 2021 annualized. In the second set of tables, I have compiled key details regarding Palantir’s largest customers over the past twelve months, as well as critical details pertaining to customers that are new to Palantir in 2021 which are not yet assigned to a cohort. Cohort categorization occurs at the end of each year.Source: Created by Brian Kapp, stoxdoxSource: Created by Brian Kapp, stoxdoxFor ease of comparison, I have color-coded the information that is related. One of the dominant realities for Palantir is its concentrated customer base, which is highlighted in blue. Palantir has only 203 customers, with the top 20 accounting for 58% of sales.By definition, Palantir’s largest customers are in the Scale cohort. Through the first three quarters of 2021, the Scale cohort (categorized as such at the end of 2020) is growing at an annualized rate of 20%. Given that this group accounts for 86% of Palantir’s revenue, it will be challenging to move the sales growth needle materially above 20% without explosive growth from the other two cohorts or a material acceleration from the Scale cohort. It should be noted that management is guiding to 30% annual sales growth through mid-decade.The 2020 year-end Acquire and Expand cohorts are highlighted in yellow in the upper table. New customers in 2021 will not be assigned to a cohort until the year-end Palantir report. I have highlighted the pertinent 2021 new customer data in yellow for easy comparison to the 2020 Acquire and Expand customer cohorts. I view the 2021 new customer sales performance excluding sales to Investees to be a sustainable core growth rate. The Investee customer acquisition strategy is extraordinarily unusual and carries an exceedingly high capital risk which introduces reputational and, therefore, brand risk.Please note that Investee here refers to customers that Palantir has purchased the stock of in return for the Investee using Palantir’s software. Meaning, the revenue from Investees is a reciprocation of Palantir investing in the shares of these customers. In this respect, these are not arm’s-length transactions. I believe the new client numbers excluding sales to Investees is an important data point for ascertaining a purely market-based new customer growth rate.Similar to the Scale cohort growth rate annualizing at 20% in 2021, the new customer sales growth rate is annualizing at 22% through Q3 2021 compared to the $20.6 million of sales from the Acquire and Expand cohorts of 2020. While this is not a perfect comparison for sales growth from new customers, it is a fair estimation. As a result, Palantir appears to be trending toward an underlying sales growth rate closer to 20% than the company’s 30% sales growth guidance through mid-decade.InvesteesIt is important to step back and review Palantir’s investments in Investees as this is an extraordinarily unusual go-to-market strategy for customer acquisition. The above numbers, which suggest revenue growth is trending toward 20%, place Palantir’s use of its balance sheet cash to fund new customers in a new light. The following tables were compiled from Palantir’s Q3 2021 10-Q. The first table lists companies that Palantir has funded as of the end of Q3 2021. The second table displays Palantir’s investment commitments to new companies that are not yet funded.Source: Created by Brian Kapp, stoxdoxI have conducted a cursory review of each of the above companies. The common theme is that they are all early-stage companies in the most popular growth sectors. These sectors include EVs, robotics, flying electric vehicles, satellite services and drug discovery. None of the Investees appears to offer enough appreciation potential in its own right to move the needle materially for Palantir’s valuation. Palantir’s ownership stake ranges from 0.4% to 1.6%.It remains unclear how much of each company’s funding can be spent on Palantir’s software. Furthermore, it is not clear if the $19 million of revenue through Q3 2021 from these companies is sustainable.I have highlighted in blue Palantir’s total investment of $150 million in the seven companies. The yellow highlighted cell represents the current valuation of the investments. Palantir is now down approximately $64 million on these seven companies alone. This highlights an extreme risk for this method of customer acquisition as the capital losses to date dwarf the revenue generated. There are other private company investments not listed above, however, Palantir does not break out the details. They are included in other assets on Palantir’s balance sheet which amounted to $116 million as of Q3 2021.The following table displays Palantir’s commitments to invest in new companies as of Q3 2021. I have highlighted in yellow the two companies that Palantir funded subsequent to the end of Q3 2021.Source: Created by Brian Kapp, stoxdoxI have highlighted in blue the total funding commitment for new investments as of Q3 2021. This is $252 million on top of the $150 million completed prior to the end of Q3. While I have not looked into these particular companies, they appear similar to the first seven investments reviewed above. Meaning, they appear to carry extreme capital risk with upside potential that is likely to be minimal when compared to the valuation upside inherent in Palantir’s software business. It should be noted that recent valuations were extreme and continue to contract rapidly. As a result, the timing risk for capital loss is also heightened by making the investments at the top of the VC/IPO cycle.Financial PerformanceTurning to Palantir’s recent performance, I have chosen to view sales growth excluding the Investees as this is the most likely sustainable growth trajectory. The following table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC. I made an adjustment by removing Investee revenue to arrive at a net revenue figure.Source: Created by Brian Kapp, stoxdoxI have highlighted in yellow the 29% revenue growth in Q3 2021 after removing the Investee revenue. Investees added 6.5% to growth in Q3. Year-to-date, the Investee revenue accounted for 1.7% revenue growth. The 29% growth rate is already decelerating beneath the company’s 30% growth guidance through mid-decade. Keep in mind that the Investee revenue stream will grow with additional funding of Palantir’s investment commitments. Regardless, growth is decelerating rapidly at 29% in Q3 compared to 41% year-to-date excluding these non-arm’s-length sales.Geographic & Segment SalesThe sales slowdown is being led by France, which contracted 22% through the first three quarters of 2021 (highlighted in orange below). It should be noted that Palantir has had a material relationship with Airbus and the airline industry. This could be a negative read through for an important client and industry. While the US remained the best performer in Q3 2021, growth is slowing rapidly as is evidenced by the blue highlighted cells below. The table was compiled from Palantir’s Q3 2021 10-Q filed with the SEC.Source: Created by Brian Kapp, stoxdoxIn addition to France, the rest of the world is also slowing rapidly, from 45% through the first nine months of the year to 20% in Q3 2021. Please note that these are reported sales without any adjustments. The following table was compiled from the same SEC filing and highlights that the large sales slowdown in Q3 occurred in the Government segment. Please keep in mind that the Investee revenue is included in the figures below and added approximately 6.5% to the Q3 growth rate in the Commercial segment.Source: Created by Brian Kapp, stoxdoxIn summary, the Commercial segment is growing revenue rather steadily, approximately 29% excluding the Investee revenue. However, the Government segment is decelerating rapidly, from 57% through the first nine months of 2021 to 34% in Q3.Gross Profit & KPIPalantir’s unusual customer acquisition strategy predates the shift to Investees. The company’s sales and marketing expenses appear to be quite similar to the cost of goods sold for other companies. This is the case because Palantir offers prospective customers free pilot programs as opposed to requiring payment upfront for use of its software. Sales and marketing personnel execute the pilot programs and coordinate solution development in order to generate sales. The following quote from the Q3 2021 10-Q summarizes the situation:Sales and marketing costs primarily include salaries, stock-based compensation expense, and benefits for our sales force and personnel involved in executing on pilots and customer growth activities...As a result, I view the sales and marketing expense in the case of Palantir to be a cost of goods sold and reduction to gross margin. While this categorization does not affect the bottom line, it does serve to place the reported 78% gross margin in context.I believe this perspective on sales and marketing expense is helpful in thinking about Palantir’s business model in relation to other companies and relative valuations that rely on gross profit margins. The following table was compiled from Palantir’s Q3 2021 10-Q and displays the reported cost of revenue and sales and marketing expense adjusted by removing the related stock-based compensation expense from each line item.Source: Created by Brian Kapp, stoxdoxNotice that the adjusted gross profit growth has slowed considerably to 25% in Q3 (highlighted in blue in the lower portion of the table) compared to 59% through the first nine months of 2021 (highlighted in yellow). The cost of sales is rising rapidly in Q3 2021 compared to the first nine months of the year.Palantir utilizes one KPI or Key Performance Indicator to judge performance and inform decision-making, which is referred to as Contribution Margin. It is similar to my adjusted gross margin figure above as can be seen in the following table compiled from Palantir’s Q3 2021 10-Q.Source: Created by Brian Kapp, stoxdoxNotice that the contribution row is remarkably similar to my adjusted gross profit row in the previous table. Additionally, the growth rate deceleration is similar, as can be seen in the highlighted cells. While 37% is materially different from my estimate of 25% growth, the step change lower from 64% is of similar amplitude.Operating IncomeTurning to operating income, I have adjusted the reported figures once again by removing stock option-related expenses as well as one-off expenses pertaining to the direct listing IPO in 2020. The overriding message is once again one of rapid deceleration. The following table was compiled from the same SEC filing and displays operating expenses excluding sales and marketing expenses, as well as my adjusted operating income estimate.Source: Created by Brian Kapp, stoxdoxIn the lower section of the table, notice the incredible deceleration in adjusted operating income to 40% growth in Q3 of 2021 compared to 266% growth through the first nine months of the year. General and administrative expenses accelerated rapidly in Q3 2021, while Palantir materially reduced research and development investment to just 5% growth in Q3.The research and development investment slowdown could be a negative read through for sales growth as R&D is an integral part of the sales process. Research and development expenses should track the sales cycle through the three customer phases: Acquire, Expand, and Scale. As customer needs are identified by sales and marketing, research and development expenses should respond to increased future sales potential. This does not appear to be happening at the moment.As of Q3 2021, Palantir is annualizing at an adjusted operating income run rate of approximately $300 to $320 million, or about $.16 per share. This is a before-tax operating income figure. The primary takeaway from the operating income front is that profitability is slowing rapidly. This provides additional color for the unusual Investee customer acquisition strategy being deployed.Consensus Growth EstimatesIf Palantir is producing at a $320 million adjusted annual operating income run rate and it was taxed at a normalized 25% rate, the current earnings power would be in the $240 million range or $.12 per diluted share. With this information and the growth deceleration outlined above, we can begin to put consensus earnings estimates into context. The following table was compiled from Seeking Alpha and displays consensus earnings and revenue estimates through 2023.Source: Seeking Alpha. Created by Brian Kapp, stoxdoxI have highlighted the 2022 consensus estimates for earnings and sales growth. Notice that the 39% consensus earnings growth estimate for 2022 is in line with the 40% operating income growth posted in Q3 of 2021. Additionally, the sales growth estimate of 30% is just above the 29% adjusted sales growth in Q3 2021 excluding sales to Investees.The 39% earnings growth expected for 2022 appears to be at material risk of being too high given the rapid slowdown in operating income to 40% in Q3 2021 compared to 266% through the first nine months of the year. This trajectory would likely place earnings growth for 2022 well below 39%.The 30% sales growth estimate for 2022 looks to be achievable given Palantir’s aggressive investment strategy in regard to Investees who then purchase Palantir software. I believe the market will tend to discount Investee sales as I have. Excluding these sales, the revenue growth trajectory appears to be trending closer to 20% than 30% for 2022, which opens the door to further growth disappointment.Looking to consensus estimates for 2023, the expected growth rates are remarkably similar to 2022. This straight-line growth forecast through 2023 adds to the risk that consensus estimates could be too high over the coming years. The current trajectory points to growth materially below that expected for 2022 and 2023.ValuationPalantir is trading at 87x the consensus earnings estimate for 2021 and 62x that for 2022. Please keep in mind that these are non-GAAP (generally accepted accounting principles) earnings estimates. On a GAAP basis, Palantir continues to produce at a loss. The reported loss in Q3 2021 was $92 million and was $352 million through the first nine months of 2021.Using the non-GAAP earnings estimates, 87x current year earnings and 62x forward earnings are extreme valuations from a historical market perspective. That said, they are within the realm of possibility for a growth stock in recent years. When viewed against Palantir’s rapidly slowing sales and operating income growth rates, as well as the heightened risk that consensus estimates may be too high, the current valuation multiples on consensus estimates offer little margin for error.On the sales front, Palantir is valued at 17x the consensus 2021 revenue estimate and 13x that for 2022. These are extreme price-to-sales multiples for a large-cap company from a historical perspective. My estimate of core sales growth trending toward 20% excluding Investee revenue suggests that these valuation multiples on sales also offer little margin for error.The valuation risks are further elevated when combined with the rapidly slowing operating income growth. Furthermore, as can be seen in my adjusted gross margin figure growing at 25% as of Q3 2021, the Palantir business model may not be supportive of a historically extreme price-to-sales valuation.TechnicalsWhile the fundamental backdrop points toward little margin for error and subdued excess return potential, the technical setup suggests more meaningful upside return potential. The following 3-year weekly chart offers a bird’s eye view of the potential technical return spectrum. I have highlighted the key resistance levels with orange horizontal lines and the primary support level with a green line.Palantir 3-year weekly chart. (Created by Brian Kapp using a chart from Barchart.com)The return potential to the nearest resistance levels of $19 and $22 is 43% and 65%, respectively. On the downside, the nearest support lies at the IPO price range near $10. The downside return potential to this level is -25%. It should be noted that Palantir’s short trading history of 16 months limits the usefulness of technical analysis. Additionally, with no trading history beneath the IPO price, it is unclear where support will be found if the $10 level is breached to the downside.To estimate downside potential beneath $10, I apply an earnings multiple of 40x the 2022 non-GAAP consensus earnings estimate. This valuation is twice that of the current market averages and would place Palantir shares at $8. This represents -40% downside risk from current levels.If the 39% consensus earnings estimate for 2022 is too high, further downside from $8 is in the realm of possibility. To estimate the downside risk potential if estimates are too high, I apply the same 40x non-GAAP earnings to my estimate of Palantir’s current annual run rate for fully-taxed, non-GAAP profitability. If earnings growth comes in at 25% for 2022 (my estimate of adjusted gross profit growth as of Q3 2021) on top of my estimate of $.12 for the current annual run rate of adjusted earnings after tax, the shares could trade down to $6. This would represent downside risk of -55%.The following daily chart provides a closer look at the technical backdrop.The technical picture suggests heavy resistance between $19 and $22. Given the unrelenting downtrend over the past three months, a near-term bounce is likely. That said, the upside technical potential combined with the downside fundamental potential leaves the shares with a balanced potential return spectrum of 65% to -55% over the near term.SummaryAll told, Palantir should be placed on the watchlist for high-risk growth investors. The long-term opportunity lies in becoming a foundational enterprise operating system capable of integrating structured and unstructured data for real-time intelligence. However, with notable red flags in the mix, caution is in order. The primary red flags include slowing sales, an unusual go-to-market shift, rapidly decelerating profitability, and an elevated valuation which offers limited margin for error. The resulting symmetry between risk and reward results in a neutral rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032783726,"gmtCreate":1647442846238,"gmtModify":1676534230765,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/IQ\">$iQiyi Inc.(IQ)$</a>wow","listText":"<a href=\"https://ttm.financial/S/IQ\">$iQiyi Inc.(IQ)$</a>wow","text":"$iQiyi Inc.(IQ)$wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032783726","isVote":1,"tweetType":1,"viewCount":523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096094105,"gmtCreate":1644248014500,"gmtModify":1676533904530,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096094105","repostId":"2209737361","repostType":4,"repost":{"id":"2209737361","pubTimestamp":1644247644,"share":"https://www.laohu8.com/m/news/2209737361?lang=&edition=full","pubTime":"2022-02-07 23:27","market":"us","language":"en","title":"2 Hot Stocks to Buy and Hold Until You Retire","url":"https://stock-news.laohu8.com/highlight/detail?id=2209737361","media":"Motley Fool","summary":"The collapse in price by these former high-flyers is the perfect opportunity to buy their shares for your portfolio.","content":"<html><head></head><body><p>Investors could hurt themselves watching the stock market collapse and cashing out for the market to then quickly rebound to regain all the lost ground. Following the 2020 market plunge at the start of the pandemic, the <b>S&amp;P 500</b> took all of six months to make up the dramatic drop it suffered and then went on to continuously set new record highs.</p><p>It looked like 2022 was off to a bad start, too, as the broad market index raced toward official correction territory (a loss of 10%), only to stop just short of the threshold before making a U-turn and working its way back up.</p><p>We will eventually get that correction, and maybe even a bear market (a loss of 20% or more), but it shows the importance of holding on through thick and thin and letting your stocks play out over the long term. That&#39;s why the nugget of investing wisdom that says it&#39;s not about timing the market, but your time <i>in</i> the market, is so true. It means there&#39;s never a bad time to invest, and always having money available, even small amounts, is a good strategy for everyone.</p><p>By the time working Americans are ready to retire, the following pair of hot growth stocks have the potential to make those who invested in them, wealthy.</p><h2>1. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a></h2><p>Shares of graphics chipmaker <a href=\"https://laohu8.com/S/NVDA\"><b>Nvidia</b> </a> are suffering now due to the general sector rotation out of technology stocks and the high-flyers that trounced the S&amp;P 500 last year. Nvidia&#39;s stock surged 125% in 2021 but is down 16% so far this year.</p><p>No matter, investors should view this pullback as a buying opportunity even though the stock looks expensive by traditional metrics. Despite trading at 76 times trailing earnings, 47 times next year&#39;s estimates, and 87 times the free cash flow it produces -- even after its haircut -- the premium Nvidia commands is warranted because its business remains white-hot.</p><p>While gaming is still the chipmaker&#39;s primary moneymaker, responsible for 45% of total Q3 sales, Nvidia expects its data center business to overtake that segment by 2025. It already generates billions of dollars in revenue every year, with data center sales soaring 55% in the third quarter (period ended Oct. 31) to hit $2.9 billion. And following its $7 billion acquisition of Mellanox in 2020, Nvidia is now positioned as a leading supplier for networking hardware.</p><p>Those two segments alone would be enough to justify Nvidia&#39;s lofty valuation, but it has other equally exciting opportunities, even if they don&#39;t yet approach the level of gaming and data centers.</p><p>Nvidia&#39;s professional visualization segment, for example, got a big boost from the pandemic, which created outsize demand for high-end mobile workstations that offer real-time rendering capabilities. It utilizes artificial intelligence and virtual reality to help simulate real-life designs. Revenue surged 144% year over year as growth in desktop and notebook workstation GPUs rose due to enterprises deploying new systems to allow for hybrid work situations.</p><p>It cuts across all industries, too, including automotive, media and entertainment, architectural engineering, oil and gas, and medical imaging.</p><p>Wall Street forecasts revenue will triple to over $56 billion by the middle of the decade, helping to give Nvidia a multitrillion-dollar valuation. The chipmaker is the closest thing an investor can find to a set-and-forget stock for their retirement portfolio.</p><h2>2. <a href=\"https://laohu8.com/S/AFRM\">Affirm</a></h2><p>Buying on installment is an old idea that&#39;s new again, and <a href=\"https://laohu8.com/S/AFRM\"><b>Affirm</b> </a> is one of the leading names in the buy now, pay later (BNPL) space. Partnerships with the likes of <b>Amazon</b> and <b>Shopify</b> (NYSE:SHOP) open up vast new terrain for the lending outfit that&#39;s already starting to pay off.</p><p>Fiscal first-quarter earnings for the September period saw the number of active customers more than double to 8.7 million from the year-ago quarter and rise 22% sequentially. Amazon brings some 200 million potential customers to the table, while Shopify adds an additional 118 million.</p><p>Not everyone will take advantage of the BNPL opportunity, but it gives Affirm a much broader audience to tap. Shopify has been a partner since July 2020, and active merchants participating in Affirm&#39;s Shop Pay Installments program grew from 6,500 to 102,000 in just one year, representing a 15-fold increase.</p><p>The Amazon deal is new, but it could be a game-changer for Affirm.</p><p>Of course, there are risks involved. Privately held Klarna is the biggest player in the space, with some 250,000 merchants on board and an estimated $78 billion in global sales volume. <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b> has its own BNPL service that it launched in 2020, and <b><a href=\"https://laohu8.com/S/SQ\">Block</a></b> just acquired Afterpay, giving the BNPL company its own massive opportunity to expand its universe of customers.</p><p>Affirm also still carries a premium price tag like Nvidia, even though its stock got cut down by a third in the first month of the new year and has lost 64% of its value from its November highs. It&#39;s still producing operating losses while trading at 19 times its sales.</p><p>Analysts are forecasting Affirm will see revenue grow 10 times its fiscal 2021 level to hit $3.5 billion by 2025, which would represent a 74% compound annual growth rate. New regulatory measures on BNPL here and abroad could impact growth, but it&#39;s a wide-open area for Affirm, and investors should feel comfortable buying this fintech stock for the long haul.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Hot Stocks to Buy and Hold Until You Retire</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\">\n2 Hot Stocks to Buy and Hold Until You Retire\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-07 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/07/2-hot-stocks-to-buy-and-hold-until-you-retire/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors could hurt themselves watching the stock market collapse and cashing out for the market to then quickly rebound to regain all the lost ground. Following the 2020 market plunge at the start ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/07/2-hot-stocks-to-buy-and-hold-until-you-retire/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4559":"巴菲特持仓","BK4538":"云计算","BK4543":"AI","BK4527":"明星科技股","BK4116":"互联网服务与基础架构","BK4550":"红杉资本持仓","BK4141":"半导体产品","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4549":"软银资本持仓","NVDA":"英伟达","BK4548":"巴美列捷福持仓","BK4529":"IDC概念","BK4528":"SaaS概念","BK4106":"数据处理与外包服务","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","AFRM":"Affirm Holdings, Inc.","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团"},"source_url":"https://www.fool.com/investing/2022/02/07/2-hot-stocks-to-buy-and-hold-until-you-retire/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209737361","content_text":"Investors could hurt themselves watching the stock market collapse and cashing out for the market to then quickly rebound to regain all the lost ground. Following the 2020 market plunge at the start of the pandemic, the S&P 500 took all of six months to make up the dramatic drop it suffered and then went on to continuously set new record highs.It looked like 2022 was off to a bad start, too, as the broad market index raced toward official correction territory (a loss of 10%), only to stop just short of the threshold before making a U-turn and working its way back up.We will eventually get that correction, and maybe even a bear market (a loss of 20% or more), but it shows the importance of holding on through thick and thin and letting your stocks play out over the long term. That's why the nugget of investing wisdom that says it's not about timing the market, but your time in the market, is so true. It means there's never a bad time to invest, and always having money available, even small amounts, is a good strategy for everyone.By the time working Americans are ready to retire, the following pair of hot growth stocks have the potential to make those who invested in them, wealthy.1. NvidiaShares of graphics chipmaker Nvidia  are suffering now due to the general sector rotation out of technology stocks and the high-flyers that trounced the S&P 500 last year. Nvidia's stock surged 125% in 2021 but is down 16% so far this year.No matter, investors should view this pullback as a buying opportunity even though the stock looks expensive by traditional metrics. Despite trading at 76 times trailing earnings, 47 times next year's estimates, and 87 times the free cash flow it produces -- even after its haircut -- the premium Nvidia commands is warranted because its business remains white-hot.While gaming is still the chipmaker's primary moneymaker, responsible for 45% of total Q3 sales, Nvidia expects its data center business to overtake that segment by 2025. It already generates billions of dollars in revenue every year, with data center sales soaring 55% in the third quarter (period ended Oct. 31) to hit $2.9 billion. And following its $7 billion acquisition of Mellanox in 2020, Nvidia is now positioned as a leading supplier for networking hardware.Those two segments alone would be enough to justify Nvidia's lofty valuation, but it has other equally exciting opportunities, even if they don't yet approach the level of gaming and data centers.Nvidia's professional visualization segment, for example, got a big boost from the pandemic, which created outsize demand for high-end mobile workstations that offer real-time rendering capabilities. It utilizes artificial intelligence and virtual reality to help simulate real-life designs. Revenue surged 144% year over year as growth in desktop and notebook workstation GPUs rose due to enterprises deploying new systems to allow for hybrid work situations.It cuts across all industries, too, including automotive, media and entertainment, architectural engineering, oil and gas, and medical imaging.Wall Street forecasts revenue will triple to over $56 billion by the middle of the decade, helping to give Nvidia a multitrillion-dollar valuation. The chipmaker is the closest thing an investor can find to a set-and-forget stock for their retirement portfolio.2. AffirmBuying on installment is an old idea that's new again, and Affirm  is one of the leading names in the buy now, pay later (BNPL) space. Partnerships with the likes of Amazon and Shopify (NYSE:SHOP) open up vast new terrain for the lending outfit that's already starting to pay off.Fiscal first-quarter earnings for the September period saw the number of active customers more than double to 8.7 million from the year-ago quarter and rise 22% sequentially. Amazon brings some 200 million potential customers to the table, while Shopify adds an additional 118 million.Not everyone will take advantage of the BNPL opportunity, but it gives Affirm a much broader audience to tap. Shopify has been a partner since July 2020, and active merchants participating in Affirm's Shop Pay Installments program grew from 6,500 to 102,000 in just one year, representing a 15-fold increase.The Amazon deal is new, but it could be a game-changer for Affirm.Of course, there are risks involved. Privately held Klarna is the biggest player in the space, with some 250,000 merchants on board and an estimated $78 billion in global sales volume. PayPal has its own BNPL service that it launched in 2020, and Block just acquired Afterpay, giving the BNPL company its own massive opportunity to expand its universe of customers.Affirm also still carries a premium price tag like Nvidia, even though its stock got cut down by a third in the first month of the new year and has lost 64% of its value from its November highs. It's still producing operating losses while trading at 19 times its sales.Analysts are forecasting Affirm will see revenue grow 10 times its fiscal 2021 level to hit $3.5 billion by 2025, which would represent a 74% compound annual growth rate. New regulatory measures on BNPL here and abroad could impact growth, but it's a wide-open area for Affirm, and investors should feel comfortable buying this fintech stock for the long haul.","news_type":1},"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932247285,"gmtCreate":1662949558348,"gmtModify":1676537169657,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932247285","repostId":"1195980012","repostType":4,"repost":{"id":"1195980012","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1662944586,"share":"https://www.laohu8.com/m/news/1195980012?lang=&edition=full","pubTime":"2022-09-12 09:03","market":"hk","language":"en","title":"Reminder: HKEX Market Closes For Mid-Autumn Festival on Monday, 12 September 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1195980012","media":"Tiger Newspress","summary":"The Hong Kong market and China A-share market close on Monday, 12 September 2022 for Mid-Autumn Fest","content":"<html><head></head><body><p>The Hong Kong market and China A-share market close on Monday, 12 September 2022 for Mid-Autumn Festival. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/6acb19d0806e661f34d0b1f91a270c21\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: HKEX Market Closes For Mid-Autumn Festival on Monday, 12 September 2022</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\">\nReminder: HKEX Market Closes For Mid-Autumn Festival on Monday, 12 September 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-12 09:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Hong Kong market and China A-share market close on Monday, 12 September 2022 for Mid-Autumn Festival. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/6acb19d0806e661f34d0b1f91a270c21\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数","000001.SH":"上证指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195980012","content_text":"The Hong Kong market and China A-share market close on Monday, 12 September 2022 for Mid-Autumn Festival. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030961079,"gmtCreate":1645608750083,"gmtModify":1676534045014,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"I feel like buying pltr now [LOL]&nbsp;","listText":"I feel like buying pltr now [LOL]&nbsp;","text":"I feel like buying pltr now [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030961079","repostId":"1100075934","repostType":4,"repost":{"id":"1100075934","pubTimestamp":1645598764,"share":"https://www.laohu8.com/m/news/1100075934?lang=&edition=full","pubTime":"2022-02-23 14:46","market":"us","language":"en","title":"Cathie Wood Dumps Another $123M In Palantir Shares, Loads Up $20M In Tesla On The Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=1100075934","media":"Benzinga","summary":"Cathie Wood’s Ark Investment Management sold 11,761,901 shares of Palantir Technologies Inc worth ne","content":"<html><head></head><body><p><b>Cathie Wood’s</b> Ark Investment Management sold 11,761,901 shares of <b>Palantir Technologies Inc</b> worth nearly $123.3 million — based on the stock’s Tuesday closing.</p><p>Palantir shares ended Tuesday’s regular session 4.9% lower at $10.48. The <b>Peter Thiel-co-founded</b> company’s shares were mostly unchanged in the after-hours trading.</p><p>Palantir missed earnings estimates earlier in the month for the fourth quarter, following which Wood has been on a dumping spree. On Feb.18, Ark sold 13.5 million shares of Palantir worth an estimated $148.9 million.</p><p>Wood’s latest sale of PLTR shares came on a day when the company announced a partnership with the U.S. Centers for Disease Control and Prevention centered around a fight against COVID-19.</p><p>Ark also purchased 24,366 shares of <b>Tesla Inc</b>, worth $20.02 million, on Tuesday.</p><p>Tesla shares rose 1.15% to $831 in the after-hours trading on Tuesday. The shares ended the regular session 4.1% lower at $821.53.</p><p>The <b>Elon Musk</b>-led automaker is Ark Invest’s largest holding across funds. The market value of shares held by Ark was worth $1.32 billion at Tuesday’s closing.</p><p>Tesla shares fell along with other automotive names on Tuesday as investors weighed in the potential impact of rising Russia-Ukraine tensions.</p></body></html>","source":"lsy1606299360108","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>Cathie Wood Dumps Another $123M In Palantir Shares, Loads Up $20M In Tesla On The Dip</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Dumps Another $123M In Palantir Shares, Loads Up $20M In Tesla On The Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-23 14:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/22/02/25770588/cathie-wood-dumps-another-123m-in-palantir-shares-loads-up-20m-in-tesla-on-the-dip><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood’s Ark Investment Management sold 11,761,901 shares of Palantir Technologies Inc worth nearly $123.3 million — based on the stock’s Tuesday closing.Palantir shares ended Tuesday’s regular ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/22/02/25770588/cathie-wood-dumps-another-123m-in-palantir-shares-loads-up-20m-in-tesla-on-the-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/22/02/25770588/cathie-wood-dumps-another-123m-in-palantir-shares-loads-up-20m-in-tesla-on-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100075934","content_text":"Cathie Wood’s Ark Investment Management sold 11,761,901 shares of Palantir Technologies Inc worth nearly $123.3 million — based on the stock’s Tuesday closing.Palantir shares ended Tuesday’s regular session 4.9% lower at $10.48. The Peter Thiel-co-founded company’s shares were mostly unchanged in the after-hours trading.Palantir missed earnings estimates earlier in the month for the fourth quarter, following which Wood has been on a dumping spree. On Feb.18, Ark sold 13.5 million shares of Palantir worth an estimated $148.9 million.Wood’s latest sale of PLTR shares came on a day when the company announced a partnership with the U.S. Centers for Disease Control and Prevention centered around a fight against COVID-19.Ark also purchased 24,366 shares of Tesla Inc, worth $20.02 million, on Tuesday.Tesla shares rose 1.15% to $831 in the after-hours trading on Tuesday. The shares ended the regular session 4.1% lower at $821.53.The Elon Musk-led automaker is Ark Invest’s largest holding across funds. The market value of shares held by Ark was worth $1.32 billion at Tuesday’s closing.Tesla shares fell along with other automotive names on Tuesday as investors weighed in the potential impact of rising Russia-Ukraine tensions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097066502,"gmtCreate":1645271559679,"gmtModify":1676534014853,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097066502","repostId":"1111287804","repostType":4,"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934853325,"gmtCreate":1663221569867,"gmtModify":1676537231324,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934853325","repostId":"2267540273","repostType":4,"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019203956,"gmtCreate":1648598986755,"gmtModify":1676534360469,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9019203956","repostId":"1120016829","repostType":2,"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038349449,"gmtCreate":1646750723964,"gmtModify":1676534157993,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"🥲","listText":"🥲","text":"🥲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038349449","repostId":"1131218009","repostType":4,"repost":{"id":"1131218009","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646750399,"share":"https://www.laohu8.com/m/news/1131218009?lang=&edition=full","pubTime":"2022-03-08 22:39","market":"us","language":"en","title":"Hot Chinese ADRs Tumbled in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1131218009","media":"Tiger Newspress","summary":"Hot Chinese ADRs tumbled in morning trading, with DiDi falling 5% and RLX falling 8%.","content":"<html><head></head><body><p>Hot Chinese ADRs tumbled in morning trading, with DiDi falling 5% and RLX falling 8%.<img src=\"https://static.tigerbbs.com/c925371afd26b6f41b99885c566eec52\" tg-width=\"326\" tg-height=\"555\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese ADRs Tumbled in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot Chinese ADRs Tumbled in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-08 22:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs tumbled in morning trading, with DiDi falling 5% and RLX falling 8%.<img src=\"https://static.tigerbbs.com/c925371afd26b6f41b99885c566eec52\" tg-width=\"326\" tg-height=\"555\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)","BABA":"阿里巴巴","JD":"京东","BIDU":"百度","RLX":"雾芯科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131218009","content_text":"Hot Chinese ADRs tumbled in morning trading, with DiDi falling 5% and RLX falling 8%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097066775,"gmtCreate":1645271591923,"gmtModify":1676534014855,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097066775","repostId":"1111287804","repostType":4,"repost":{"id":"1111287804","pubTimestamp":1645240974,"share":"https://www.laohu8.com/m/news/1111287804?lang=&edition=full","pubTime":"2022-02-19 11:22","market":"us","language":"en","title":"What Warren Buffett Can Do to Ensure a Brighter Future for Berkshire Hathaway","url":"https://stock-news.laohu8.com/highlight/detail?id=1111287804","media":"Barrons","summary":"It may be time for some changes at Berkshire Hathaway as CEO Warren Buffett starts to look ahead to ","content":"<html><head></head><body><p>It may be time for some changes at Berkshire Hathaway as CEO Warren Buffett starts to look ahead to his 92nd birthday later this year.</p><p>Berkshire investors are now awaiting Buffett’s annual shareholder letter, expected on Feb. 26, for insights into the company, financial markets, and American business. There is much more he could address.</p><p>Over 57 years, Buffett built Berkshire Hathaway (ticker: BRK.A and BRK.B) into a company with a $700 billion market value—sixth in the U.S. market—and $27 billion of annual operating earnings. Yet our view has been that he now needs to do more to prepare for the transition to a new generation of leadership at Berkshire.</p><p>Stepping down as CEO while remaining chairman would allow his heir apparent, Greg Abel, to demonstrate that he can handle the tough job of running a giant conglomerate.</p><p>At a time when investors favor more-focused businesses, there will be pressure almost immediately to break up the company, post-Buffett. Keeping Berkshire together, Buffett has said, provides tax and other benefits. </p><p><img src=\"https://static.tigerbbs.com/acc0a1951c440e2a4ddf290dce6de826\" tg-width=\"950\" tg-height=\"634\" width=\"100%\" height=\"auto\"/></p><p>The past decade has been one of missed opportunities. The only major acquisition—a $32 billion deal for aircraft-parts maker Precision Castparts in 2016—has been a loser. Buffett has had two investment coups, a $31 billion investment in Apple (AAPL) that is up fivefold and an investment in Bank of America (BAC) now worth about $50 billion, up threefold.</p><p>In recent years, however, he has turned very cautious as an investor. He failed to capitalize on the pandemic-driven selloff in stocks, ignoring his own maxim to “befearful when others are greedy and to be greedy only when others are fearful.”</p><p>Since March 2020, Berkshire has been a net seller of stocks, including a badly timed near-complete liquidation of an 8% holding in Wells Fargo (WFC) at what we estimate was half of Wells Fargo’s current price of $56—leaving $10 billion on the table. The only major purchase, an $8 billion buy of Verizon Communications (VZ), is down 10% from Berkshire’s cost.</p><p>Yet Buffett has two capable lieutenants, Todd Combs and Ted Weschler, who each manage about 5% of Berkshire’s $325 billion equity portfolio. Let them run more of it.</p><p>“Turn Weschler loose; he has the skills,” says Bill Smead, lead manager of the Smead Value fund. He cites Weschler’s success in building a $264 million Roth IRA portfolio from less than $100,000.</p><p>Buffett also will not pay a dividend and has instead ramped up share repurchases since mid-2020, buying back about $40 billion of stock, or 6% of the company’s market value.</p><p>Berkshire stock is back in favor with investors and has returned 29% in the past year, nearly double the return on the S&amp;P 500 index. That may reflect a renewed investor interest in value-oriented stocks, the company’s aggressive stock repurchase program, and its broad exposure to an improving U.S. economy.</p><p>Berkshire was a <i>Barron’s</i> top stock pick for 2022, and the Class B shares, now around $315, still look attractive, trading for about 1.4 times estimated year-end 2021 book value.</p><p>While Berkshire has beaten the S&amp;P in the past 12 months, it’s behind the index over the past five years, even with it over 10 years, and narrowly ahead over 20 years.</p><p>Berkshire’s annual meeting on April 30 will be the first in-person gathering in Omaha, Neb., after two years of virtual events. Hearing from Berkshire’s top managers would be a welcome change. They include Abel, who oversees the company’s vast noninsurance operations, and Ajit Jain, who heads its insurance businesses.</p><p>Big, diversified companies like Berkshire invariably pay dividends. If Berkshire had one, there would be huge demand for the shares from income-oriented investors.</p><p>“A 1.5%-to-2% dividend wouldn’t be an extraordinary commitment for the company, and it would be viewed positively by many investors,” says Jim Shanahan, an analyst at Edward Jones who has a Buy rating on the stock.</p><p>Buffett has said Berkshire’s shareholder base doesn’t want a dividend and points to an overwhelming vote against one in 2014.</p><p><img src=\"https://static.tigerbbs.com/f75d05f0b07004a98343c1163e4c3ea4\" tg-width=\"1018\" tg-height=\"586\" width=\"100%\" height=\"auto\"/></p><p>Berkshire is daunting for investors to analyze and understand, given its complex insurance operations, dozens of businesses, and sometimes limited financial disclosure. Many investors own the stock because they want to invest alongside Buffett.</p><p>Berkshire will need a new investment rationale after him. An investor day to highlight important businesses like Geico and Burlington Northern Santa Fe would help greatly.</p><p>Buffett is a venerable figure, like Queen Elizabeth II. Just as the British monarchy will face challenges after her death, so will Berkshire after Buffett.</p><p>Better to start preparing now, rather than hoping that things fall into place later.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Warren Buffett Can Do to Ensure a Brighter Future for Berkshire Hathaway</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Warren Buffett Can Do to Ensure a Brighter Future for Berkshire Hathaway\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-19 11:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/what-warren-buffett-can-do-to-ensure-a-brighter-future-for-berkshire-hathaway-51645222075?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It may be time for some changes at Berkshire Hathaway as CEO Warren Buffett starts to look ahead to his 92nd birthday later this year.Berkshire investors are now awaiting Buffett’s annual shareholder ...</p>\n\n<a href=\"https://www.barrons.com/articles/what-warren-buffett-can-do-to-ensure-a-brighter-future-for-berkshire-hathaway-51645222075?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.barrons.com/articles/what-warren-buffett-can-do-to-ensure-a-brighter-future-for-berkshire-hathaway-51645222075?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111287804","content_text":"It may be time for some changes at Berkshire Hathaway as CEO Warren Buffett starts to look ahead to his 92nd birthday later this year.Berkshire investors are now awaiting Buffett’s annual shareholder letter, expected on Feb. 26, for insights into the company, financial markets, and American business. There is much more he could address.Over 57 years, Buffett built Berkshire Hathaway (ticker: BRK.A and BRK.B) into a company with a $700 billion market value—sixth in the U.S. market—and $27 billion of annual operating earnings. Yet our view has been that he now needs to do more to prepare for the transition to a new generation of leadership at Berkshire.Stepping down as CEO while remaining chairman would allow his heir apparent, Greg Abel, to demonstrate that he can handle the tough job of running a giant conglomerate.At a time when investors favor more-focused businesses, there will be pressure almost immediately to break up the company, post-Buffett. Keeping Berkshire together, Buffett has said, provides tax and other benefits. The past decade has been one of missed opportunities. The only major acquisition—a $32 billion deal for aircraft-parts maker Precision Castparts in 2016—has been a loser. Buffett has had two investment coups, a $31 billion investment in Apple (AAPL) that is up fivefold and an investment in Bank of America (BAC) now worth about $50 billion, up threefold.In recent years, however, he has turned very cautious as an investor. He failed to capitalize on the pandemic-driven selloff in stocks, ignoring his own maxim to “befearful when others are greedy and to be greedy only when others are fearful.”Since March 2020, Berkshire has been a net seller of stocks, including a badly timed near-complete liquidation of an 8% holding in Wells Fargo (WFC) at what we estimate was half of Wells Fargo’s current price of $56—leaving $10 billion on the table. The only major purchase, an $8 billion buy of Verizon Communications (VZ), is down 10% from Berkshire’s cost.Yet Buffett has two capable lieutenants, Todd Combs and Ted Weschler, who each manage about 5% of Berkshire’s $325 billion equity portfolio. Let them run more of it.“Turn Weschler loose; he has the skills,” says Bill Smead, lead manager of the Smead Value fund. He cites Weschler’s success in building a $264 million Roth IRA portfolio from less than $100,000.Buffett also will not pay a dividend and has instead ramped up share repurchases since mid-2020, buying back about $40 billion of stock, or 6% of the company’s market value.Berkshire stock is back in favor with investors and has returned 29% in the past year, nearly double the return on the S&P 500 index. That may reflect a renewed investor interest in value-oriented stocks, the company’s aggressive stock repurchase program, and its broad exposure to an improving U.S. economy.Berkshire was a Barron’s top stock pick for 2022, and the Class B shares, now around $315, still look attractive, trading for about 1.4 times estimated year-end 2021 book value.While Berkshire has beaten the S&P in the past 12 months, it’s behind the index over the past five years, even with it over 10 years, and narrowly ahead over 20 years.Berkshire’s annual meeting on April 30 will be the first in-person gathering in Omaha, Neb., after two years of virtual events. Hearing from Berkshire’s top managers would be a welcome change. They include Abel, who oversees the company’s vast noninsurance operations, and Ajit Jain, who heads its insurance businesses.Big, diversified companies like Berkshire invariably pay dividends. If Berkshire had one, there would be huge demand for the shares from income-oriented investors.“A 1.5%-to-2% dividend wouldn’t be an extraordinary commitment for the company, and it would be viewed positively by many investors,” says Jim Shanahan, an analyst at Edward Jones who has a Buy rating on the stock.Buffett has said Berkshire’s shareholder base doesn’t want a dividend and points to an overwhelming vote against one in 2014.Berkshire is daunting for investors to analyze and understand, given its complex insurance operations, dozens of businesses, and sometimes limited financial disclosure. Many investors own the stock because they want to invest alongside Buffett.Berkshire will need a new investment rationale after him. An investor day to highlight important businesses like Geico and Burlington Northern Santa Fe would help greatly.Buffett is a venerable figure, like Queen Elizabeth II. Just as the British monarchy will face challenges after her death, so will Berkshire after Buffett.Better to start preparing now, rather than hoping that things fall into place later.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096767280,"gmtCreate":1644465183367,"gmtModify":1676533930366,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096767280","repostId":"1167522485","repostType":4,"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099957041,"gmtCreate":1643293212083,"gmtModify":1676533798330,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"always have faith on what you are invested <a href=\"https://ttm.financial/S/SGMA\"></a><a href=\"https://ttm.financial/S/MA\">$MasterCard(MA)$</a>","listText":"always have faith on what you are invested <a href=\"https://ttm.financial/S/SGMA\"></a><a href=\"https://ttm.financial/S/MA\">$MasterCard(MA)$</a>","text":"always have faith on what you are invested $MasterCard(MA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099957041","repostId":"9090454610","repostType":1,"repost":{"id":9090454610,"gmtCreate":1643249931605,"gmtModify":1676533790701,"author":{"id":"3527667621665671","authorId":"3527667621665671","name":"Daily_Discussion","avatar":"https://community-static.tradeup.com/news/6973ef3354e752778088dfd8ca725c82","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"🔥[Jan 27th]Share your trades today with others >>","htmlText":"Hi,Tigers! Welcome to our official column:Daily Discussion! Here you can share your trading ideas, your opinions&nbsp;on&nbsp;market trends,the&nbsp;stocks you like(bullish on)or dislike(bearish on),and&nbsp;your investment performances,etc.. If you leave your thoughts in the comment area, you may receive Tiger Coins&nbsp;as reward&nbsp;which can be used at Gift Center! Below are Today's Key Takeaways. Top News Move the Market Tiger Community TOP10 Tickers ⭐For The Daily Most Active Stocks in S&amp;P 500, please turn to@TigerObserver ⭐For The Top 10 Popular Stcocks on WallStreetBets, Please turn to@WallStreet_Tiger Daily Focus&nbsp;Thursday Afternoon Recap U.S. equity markets finished the daylower, with theS&amp;P 500-0.15%, theDow-0.38%, theNasdaq+0.02%, and theRussell 2000-1.38%.","listText":"Hi,Tigers! Welcome to our official column:Daily Discussion! Here you can share your trading ideas, your opinions&nbsp;on&nbsp;market trends,the&nbsp;stocks you like(bullish on)or dislike(bearish on),and&nbsp;your investment performances,etc.. If you leave your thoughts in the comment area, you may receive Tiger Coins&nbsp;as reward&nbsp;which can be used at Gift Center! Below are Today's Key Takeaways. Top News Move the Market Tiger Community TOP10 Tickers ⭐For The Daily Most Active Stocks in S&amp;P 500, please turn to@TigerObserver ⭐For The Top 10 Popular Stcocks on WallStreetBets, Please turn to@WallStreet_Tiger Daily Focus&nbsp;Thursday Afternoon Recap U.S. equity markets finished the daylower, with theS&amp;P 500-0.15%, theDow-0.38%, theNasdaq+0.02%, and theRussell 2000-1.38%.","text":"Hi,Tigers! Welcome to our official column:Daily Discussion! Here you can share your trading ideas, your opinions on market trends,the stocks you like(bullish on)or dislike(bearish on),and your investment performances,etc.. If you leave your thoughts in the comment area, you may receive Tiger Coins as reward which can be used at Gift Center! Below are Today's Key Takeaways. Top News Move the Market Tiger Community TOP10 Tickers ⭐For The Daily Most Active Stocks in S&P 500, please turn to@TigerObserver ⭐For The Top 10 Popular Stcocks on WallStreetBets, Please turn to@WallStreet_Tiger Daily Focus Thursday Afternoon Recap U.S. equity markets finished the daylower, with theS&P 500-0.15%, theDow-0.38%, theNasdaq+0.02%, and theRussell 2000-1.38%.","images":[{"img":"https://static.tigerbbs.com/4d88973302eced66c7cfae721c56bebb","width":"429","height":"170"},{"img":"https://static.tigerbbs.com/419852b64e141acfc924e04c1577a4b2","width":"1280","height":"720"},{"img":"https://static.tigerbbs.com/44298bd342ca71a76baead731b1dc36a","width":"758","height":"1676"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090454610","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913944046,"gmtCreate":1663900951786,"gmtModify":1676537360010,"author":{"id":"3586231218640097","authorId":"3586231218640097","name":"minniemouse","avatar":"https://static.tigerbbs.com/f4df19f28f35df0bd6a43424d32c33a2","crmLevel":2,"crmLevelSwitch":1},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913944046","repostId":"2269695170","repostType":4,"repost":{"id":"2269695170","pubTimestamp":1663900059,"share":"https://www.laohu8.com/m/news/2269695170?lang=&edition=full","pubTime":"2022-09-23 10:27","market":"us","language":"en","title":"ASML: A Growing And Profitable Monopoly Franchise","url":"https://stock-news.laohu8.com/highlight/detail?id=2269695170","media":"Seeking Alpha","summary":"SummaryASML enjoys a monopoly position by being the only supplier of cutting-edge lithography system","content":"<html><head></head><body><p>Summary</p><ul><li>ASML enjoys a monopoly position by being the only supplier of cutting-edge lithography systems.</li><li>The increasing demand for chips and its solid pricing power should support ASML’s growth profile for many years.</li><li>Current valuations suggest upside potential provided the company keeps delivering strong operational results.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9ecd68eb158bec2dfd3c66dc4c256e3\" tg-width=\"750\" tg-height=\"500\" width=\"100%\" height=\"auto\"/><span>Michael Vi</span></p><h2><b>Company overview</b></h2><p>ASML Holding (NASDAQ:ASML) is one of the world’s largest developer, manufacturer and supplier of semiconductors manufacturing equipment. The group sells lithography systems to semiconductor manufacturers such as TSMC (TSM), Samsung (OTCPK:SSNLF) or Intel (INTC). These lithography systems enable chipmakers to print with a high degree of precision the patterns that form the electronic circuits on a chip. The company is headquartered in Amsterdam and has a market capitalization of around € 188B<i>.</i></p><p>ASML produces two kind of lithography systems: Deep Ultraviolet (DUV) and Extreme Ultraviolet (EUV). DUV is an old technology that has evolved over time while EUV is a new state-of-the-art technology. EUV technology has been developed by ASML, which is the only provider of EUV machines. This technology is very complex and enables to produce light with much shorter wavelengths than DUV light (13.5 nanometer, which is 14 times shorter!). The shorter the wavelengths, the higher the precision and the thinner the lines printed on the microchips, which allow semiconductor manufacturers to increase the number of transistors on a chip, thus significantly improving its performance. The thickness of patterns and details etchings can now be up to 5 nanometers, which is impressive given a 5 nm etch is twenty thousand times thinner than the thickness of an A4 paper. To be fair, more advanced DUV systems (immersion systems) can also produce up to 5 nm chips but the process requires multiples immersions (given DUV systems etch 32 nm patterns per single exposure) while EUV can do it at once, resulting in better productivity and lower production costs. According to Morningstar, such technology reduces the cycle-time by 3-to-6 times and reduces costs by 15% to 50% compared with multiple patterning schemes. In addition to lithography systems, ASML also sells metrology and inspection systems that measure the quality of patterns on chips and help to locate and analyze chip defects.</p><p>ASML generates three quarters of its revenue with the sales of systems and one quarter with the sales of services.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b480722cbe5925ba2120fa3242ac822\" tg-width=\"598\" tg-height=\"441\" width=\"100%\" height=\"auto\"/><span>Source: Annual report</span></p><h2><b>Moats</b></h2><p>ASML has strong intangible assets backed by technological superiority (only player to have developed EUV systems), well-educated and specialized workforce and large R&amp;D spending. The company has spent 17.5% of its revenue over the last decade in R&amp;D, which represented an R&amp;D budget of € 750M a decade ago and amounts € 2.5B nowadays. Total R&amp;D spending amounts € 14.2B over the last decade and they have started to develop this technology at least since 2005. Besides, the company has a strong relationship with its key customers, which participate to the development and financing of the EUV technology. In 2012, TSMC, Samsung and Intel, the three most important customers, acquired an aggregate 23% equity stake in order to fund the development of EUV. Since then, they all have sold their shares.</p><p>The time and money required for the development of similar technologies are real barriers to entry. The technological expertise is even more difficult to overcome as highlighted by the inability for existing competitors such as Nikon and Canon to compete with ASML for EUV tools despite being able to produce DUV systems. Finally, customers are more likely to prefer ASML’s products (for a similar level of performance) because they trust the brand and are already familiar with existing products. A potential competitor would have to develop a much better technology or a significant cheaper one to eventually convince chipmakers to switch.</p><h2><b>ASML Stock key metrics</b></h2><p>ASML&#39;s financial numbers are very impressive. Revenue grew at a 13% CAGR over the last decade and grew at an even faster pace of 22% CAGR over the period 2016/2021 thanks to the launch of higher-priced EUV systems (first unit sold in 2015). Operating margins improved from 25.6% in 2016 to 36.3% in 2021. As a result, EPS and FCF per share grew at a 31% and 50% CAGR over the same period, respectively. Finally, the ROIC improved significantly and averaged roughly 30% in average since 2015. Please note that 2021 ROIC benefits from the huge increase in deferred revenue that reduce the working capital (higher current liabilities).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e1cb2d181a98b170b64ecaae7700a2e\" tg-width=\"705\" tg-height=\"298\" width=\"100%\" height=\"auto\"/><span>Source: Author and annual reports</span></p><p>The company is highly cash generative, which enable ASML to generate enough cash flow to pay for its development. ASML spent most of its cash on share buyback and dividend after meeting its capex requirements and occasional M&amp;A transactions.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/24c24b940d62ba3d3ff68b880a29125f\" tg-width=\"851\" tg-height=\"304\" width=\"100%\" height=\"auto\"/><span>Source: Author</span></p><h2><b>Growth opportunities</b></h2><p>Semiconductors are mission-critical components that are essential in the proper functioning of electronic goods. Given continuous technological progress (5G, artificial intelligence…), increasing connectivity and data usage (autonomous vehicle, cloud computing, IoT…), and a strong willingness from humans to adopt new technologies, the demand for semiconductors is poised to keep growing over the coming decade. In addition, many governments consider semiconductors as an important part of their sovereignty and support projects that will bring back production capacity in their countries.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7b11e4a61471ce07c1e4280c51ba160\" tg-width=\"1280\" tg-height=\"739\" width=\"100%\" height=\"auto\"/><span>Source: ASML</span></p><p>Improving the performance of a chip requires decreasing the etching thickness of integrated circuits, which will support the uptake of cutting-edge EUV tools. While the number of EUV system units shipped has increased significantly since its launch in 2015 (86% CAGR), it still account for a small portion of unit-mix (8% of total unit sold). However, EUV machines enjoy a much higher selling prices and stronger pricing power than other systems. As a result, EUV accounts now for 46% of total systems revenue whereas it was only 2% in 2015.</p><blockquote>ASML has sold a total of about 140 EUV systems in the past decade, each one now costing up to $200 million, according to Wennink. The price tag for its next machine, called High NA, will be more than $300 million.</blockquote><blockquote>Source: CNBC</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9eb9ce774f9ea8dd59498f279c0b0d33\" tg-width=\"774\" tg-height=\"450\" width=\"100%\" height=\"auto\"/><span>Source: Annual reports and author</span></p><p>The services segment accounts for about a quarter of total revenue and has also been growing nicely (a 17% CAGR since 2015) thanks to the growing installed base (15% units CAGR over the same period). The installed base should continue to grow going forward thanks to the increasing number of system sales. Customers will most likely continue to value high-value services such as software and tool upgrades that enable to improve the productivity (downtime reduction, cost reductions, production optimization, defect detection…) and extend the lifetime of systems.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59391f272a6a531d80c142712f3ca238\" tg-width=\"818\" tg-height=\"148\" width=\"100%\" height=\"auto\"/><span>Source: Annual reports and author</span></p><p>The companyexpects to generate between $ 24B and $ 30B of revenue in 2025 and believe that revenue will grow at a 11% CAGR over the period 2020/2030. Gross margin should improve from 52.7% in 2021 to≈ 55% in 2025 (midpoint of the 54%/56% guidance). We believe that these estimates are realistic because the demand is very strong as highlighted by the order book (more about that in the next section) and higher-margin EUV systems will account for a larger portion of business mix.</p><h2><b>A quick review of Q2 financial results</b></h2><p>ASML reported better than expected Q2 financial results but lowered its Q3 and full-year outlook. However, the company remains positive on global demand despite a more challenging economic environment. ASML does not notice any cancellations or push out from its clients and still face a demand, which is above its current manufacturing capacity. Total orders are at an all-time high (€ 8.5B) and the backlog reaches € 33B, offering significant visibility.</p><p>ASML now expects a full-year revenue growth of 10% (20% previously) and a gross margin comprised between 49% and 50% (52% previously). The guidance downgrade is the result of lower revenue due to fast shipments combined with an unfavorable product mix (fewer EUV systems) and inflationary pressure. In general, ASML completes final tests within its production facilities before shipping the systems to its clients. However, clients want to receive systems as quickly as possible because ASML faced delays in systems production because of supply-chain issues. As a result, ASML accelerates the delivery process by postponing the final tests in customer locations but cannot close the transaction before these tests have been fully implemented, thus revenue are not recognized (they are booked as deferred revenue).</p><p>The lower 2022 revenue expectations is not an issue for two reasons: 1) it does not affect cash flow (invoiced upon shipment) and 2) the situation will reverse over time (meaning that ASML will book more revenue at some time than what the number of shipment implies). We note that the guidance downgrade is fully the result of a delay in revenue recognition and has nothing to do with the number of systems shipped or the price of these systems. Indeed, the initial guidance expected 2021 revenue of € 18.6B to grow 20% and reach € 22.3B in 2022. However, the company expects now €2.8 billion value of fast shipments, a € 1.8B increase from initial expectations. Subtracting that number to the original revenue guidance of € 22.3B lead to € 20.5B, which is 10% higher than 2021 revenue, in line with new revenue growth rate expectation.</p><h2><b>Valuation</b></h2><p>The stock currently trades at a 4.9% FCF yield and a forward P/E of 26x, which seems justified for a company able to post a 30% ROIC and to grow revenue at a 10% CAGR over the next decade. Our model assumes that ASML will deliver the high-end of the company guidance in terms of unit sold. On top of that, we pencil strong pricing power (and product-mix improvement) for EUV machines. As a result, our scenario assumes EUR 32,9B revenue in 2025, significantly more than the EUR 30B company guidance. We derive a 41% operating margin and a net income of EUR 11.4B when the consensus forecasts a 38.5% operating margin and EUR 10.5B net income. Finally, we apply a FCF yield of 5% and a PE of 20x to value the company. The expected return is around 6/7% per year over the coming years, to which must be added a dividend yield of 1% (that will increase towards 2% as dividend grows) and the benefit of share repurchases that will most likely yield around 1/2%. As a result, we can expect a return around 8/10% per annum.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d7249db938afc38b2e2d77a8b71eb2c\" tg-width=\"877\" tg-height=\"275\" width=\"100%\" height=\"auto\"/><span>Source: Author</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/370268c063ed9501ebda58f8bf8ecd30\" tg-width=\"492\" tg-height=\"788\" width=\"100%\" height=\"auto\"/><span>Source: Author</span></p><h2><b>Conclusion</b></h2><p>ASML is a high-quality company whose business should continue to grow for many years thanks to the strong demand for semiconductors and its solid pricing power. We believe that the company could still offer attractive returns for its shareholders that is why we are happy to remain shareholders of the company.</p><h2><b>Risks:</b></h2><p>Bargaining power: ASML’s is highly dependent on few powerful clients (TSMC, Samsung, Intel, Micron…)</p><p>Supply chain disruption: ASML relies on a few key suppliers for some strategic components.</p><p>Technological disruption: Failing to develop new cutting-edge technologies while a competitor does could lead to a feat similar to Nikon or Canon who failed to adapt to new lithography technologies.</p><p>Geopolitical risk: Most semiconductors are manufactured in Taiwan.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASML: A Growing And Profitable Monopoly Franchise</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\">\nASML: A Growing And Profitable Monopoly Franchise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-23 10:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542524-asml-growing-profitable-monopoly-franchise><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryASML enjoys a monopoly position by being the only supplier of cutting-edge lithography systems.The increasing demand for chips and its solid pricing power should support ASML’s growth profile ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542524-asml-growing-profitable-monopoly-franchise\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦"},"source_url":"https://seekingalpha.com/article/4542524-asml-growing-profitable-monopoly-franchise","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269695170","content_text":"SummaryASML enjoys a monopoly position by being the only supplier of cutting-edge lithography systems.The increasing demand for chips and its solid pricing power should support ASML’s growth profile for many years.Current valuations suggest upside potential provided the company keeps delivering strong operational results.Michael ViCompany overviewASML Holding (NASDAQ:ASML) is one of the world’s largest developer, manufacturer and supplier of semiconductors manufacturing equipment. The group sells lithography systems to semiconductor manufacturers such as TSMC (TSM), Samsung (OTCPK:SSNLF) or Intel (INTC). These lithography systems enable chipmakers to print with a high degree of precision the patterns that form the electronic circuits on a chip. The company is headquartered in Amsterdam and has a market capitalization of around € 188B.ASML produces two kind of lithography systems: Deep Ultraviolet (DUV) and Extreme Ultraviolet (EUV). DUV is an old technology that has evolved over time while EUV is a new state-of-the-art technology. EUV technology has been developed by ASML, which is the only provider of EUV machines. This technology is very complex and enables to produce light with much shorter wavelengths than DUV light (13.5 nanometer, which is 14 times shorter!). The shorter the wavelengths, the higher the precision and the thinner the lines printed on the microchips, which allow semiconductor manufacturers to increase the number of transistors on a chip, thus significantly improving its performance. The thickness of patterns and details etchings can now be up to 5 nanometers, which is impressive given a 5 nm etch is twenty thousand times thinner than the thickness of an A4 paper. To be fair, more advanced DUV systems (immersion systems) can also produce up to 5 nm chips but the process requires multiples immersions (given DUV systems etch 32 nm patterns per single exposure) while EUV can do it at once, resulting in better productivity and lower production costs. According to Morningstar, such technology reduces the cycle-time by 3-to-6 times and reduces costs by 15% to 50% compared with multiple patterning schemes. In addition to lithography systems, ASML also sells metrology and inspection systems that measure the quality of patterns on chips and help to locate and analyze chip defects.ASML generates three quarters of its revenue with the sales of systems and one quarter with the sales of services.Source: Annual reportMoatsASML has strong intangible assets backed by technological superiority (only player to have developed EUV systems), well-educated and specialized workforce and large R&D spending. The company has spent 17.5% of its revenue over the last decade in R&D, which represented an R&D budget of € 750M a decade ago and amounts € 2.5B nowadays. Total R&D spending amounts € 14.2B over the last decade and they have started to develop this technology at least since 2005. Besides, the company has a strong relationship with its key customers, which participate to the development and financing of the EUV technology. In 2012, TSMC, Samsung and Intel, the three most important customers, acquired an aggregate 23% equity stake in order to fund the development of EUV. Since then, they all have sold their shares.The time and money required for the development of similar technologies are real barriers to entry. The technological expertise is even more difficult to overcome as highlighted by the inability for existing competitors such as Nikon and Canon to compete with ASML for EUV tools despite being able to produce DUV systems. Finally, customers are more likely to prefer ASML’s products (for a similar level of performance) because they trust the brand and are already familiar with existing products. A potential competitor would have to develop a much better technology or a significant cheaper one to eventually convince chipmakers to switch.ASML Stock key metricsASML's financial numbers are very impressive. Revenue grew at a 13% CAGR over the last decade and grew at an even faster pace of 22% CAGR over the period 2016/2021 thanks to the launch of higher-priced EUV systems (first unit sold in 2015). Operating margins improved from 25.6% in 2016 to 36.3% in 2021. As a result, EPS and FCF per share grew at a 31% and 50% CAGR over the same period, respectively. Finally, the ROIC improved significantly and averaged roughly 30% in average since 2015. Please note that 2021 ROIC benefits from the huge increase in deferred revenue that reduce the working capital (higher current liabilities).Source: Author and annual reportsThe company is highly cash generative, which enable ASML to generate enough cash flow to pay for its development. ASML spent most of its cash on share buyback and dividend after meeting its capex requirements and occasional M&A transactions.Source: AuthorGrowth opportunitiesSemiconductors are mission-critical components that are essential in the proper functioning of electronic goods. Given continuous technological progress (5G, artificial intelligence…), increasing connectivity and data usage (autonomous vehicle, cloud computing, IoT…), and a strong willingness from humans to adopt new technologies, the demand for semiconductors is poised to keep growing over the coming decade. In addition, many governments consider semiconductors as an important part of their sovereignty and support projects that will bring back production capacity in their countries.Source: ASMLImproving the performance of a chip requires decreasing the etching thickness of integrated circuits, which will support the uptake of cutting-edge EUV tools. While the number of EUV system units shipped has increased significantly since its launch in 2015 (86% CAGR), it still account for a small portion of unit-mix (8% of total unit sold). However, EUV machines enjoy a much higher selling prices and stronger pricing power than other systems. As a result, EUV accounts now for 46% of total systems revenue whereas it was only 2% in 2015.ASML has sold a total of about 140 EUV systems in the past decade, each one now costing up to $200 million, according to Wennink. The price tag for its next machine, called High NA, will be more than $300 million.Source: CNBCSource: Annual reports and authorThe services segment accounts for about a quarter of total revenue and has also been growing nicely (a 17% CAGR since 2015) thanks to the growing installed base (15% units CAGR over the same period). The installed base should continue to grow going forward thanks to the increasing number of system sales. Customers will most likely continue to value high-value services such as software and tool upgrades that enable to improve the productivity (downtime reduction, cost reductions, production optimization, defect detection…) and extend the lifetime of systems.Source: Annual reports and authorThe companyexpects to generate between $ 24B and $ 30B of revenue in 2025 and believe that revenue will grow at a 11% CAGR over the period 2020/2030. Gross margin should improve from 52.7% in 2021 to≈ 55% in 2025 (midpoint of the 54%/56% guidance). We believe that these estimates are realistic because the demand is very strong as highlighted by the order book (more about that in the next section) and higher-margin EUV systems will account for a larger portion of business mix.A quick review of Q2 financial resultsASML reported better than expected Q2 financial results but lowered its Q3 and full-year outlook. However, the company remains positive on global demand despite a more challenging economic environment. ASML does not notice any cancellations or push out from its clients and still face a demand, which is above its current manufacturing capacity. Total orders are at an all-time high (€ 8.5B) and the backlog reaches € 33B, offering significant visibility.ASML now expects a full-year revenue growth of 10% (20% previously) and a gross margin comprised between 49% and 50% (52% previously). The guidance downgrade is the result of lower revenue due to fast shipments combined with an unfavorable product mix (fewer EUV systems) and inflationary pressure. In general, ASML completes final tests within its production facilities before shipping the systems to its clients. However, clients want to receive systems as quickly as possible because ASML faced delays in systems production because of supply-chain issues. As a result, ASML accelerates the delivery process by postponing the final tests in customer locations but cannot close the transaction before these tests have been fully implemented, thus revenue are not recognized (they are booked as deferred revenue).The lower 2022 revenue expectations is not an issue for two reasons: 1) it does not affect cash flow (invoiced upon shipment) and 2) the situation will reverse over time (meaning that ASML will book more revenue at some time than what the number of shipment implies). We note that the guidance downgrade is fully the result of a delay in revenue recognition and has nothing to do with the number of systems shipped or the price of these systems. Indeed, the initial guidance expected 2021 revenue of € 18.6B to grow 20% and reach € 22.3B in 2022. However, the company expects now €2.8 billion value of fast shipments, a € 1.8B increase from initial expectations. Subtracting that number to the original revenue guidance of € 22.3B lead to € 20.5B, which is 10% higher than 2021 revenue, in line with new revenue growth rate expectation.ValuationThe stock currently trades at a 4.9% FCF yield and a forward P/E of 26x, which seems justified for a company able to post a 30% ROIC and to grow revenue at a 10% CAGR over the next decade. Our model assumes that ASML will deliver the high-end of the company guidance in terms of unit sold. On top of that, we pencil strong pricing power (and product-mix improvement) for EUV machines. As a result, our scenario assumes EUR 32,9B revenue in 2025, significantly more than the EUR 30B company guidance. We derive a 41% operating margin and a net income of EUR 11.4B when the consensus forecasts a 38.5% operating margin and EUR 10.5B net income. Finally, we apply a FCF yield of 5% and a PE of 20x to value the company. The expected return is around 6/7% per year over the coming years, to which must be added a dividend yield of 1% (that will increase towards 2% as dividend grows) and the benefit of share repurchases that will most likely yield around 1/2%. As a result, we can expect a return around 8/10% per annum.Source: AuthorSource: AuthorConclusionASML is a high-quality company whose business should continue to grow for many years thanks to the strong demand for semiconductors and its solid pricing power. We believe that the company could still offer attractive returns for its shareholders that is why we are happy to remain shareholders of the company.Risks:Bargaining power: ASML’s is highly dependent on few powerful clients (TSMC, Samsung, Intel, Micron…)Supply chain disruption: ASML relies on a few key suppliers for some strategic components.Technological disruption: Failing to develop new cutting-edge technologies while a competitor does could lead to a feat similar to Nikon or Canon who failed to adapt to new lithography technologies.Geopolitical risk: Most semiconductors are manufactured in Taiwan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}