YangXH personal page - To The Moon

YangXH

YangXH

No personal profile

441Follow

46Followers

4Topic

0Badge

2023-10-28

Happy Halloween 🎃 2023!

2023-01-15

More vouchers

2023-01-14

Ok

2023-01-13

👍

2023-01-12

Good morning

2023-01-11

USD 50 and 100 vouchers possible to replenish

2023-01-10

Still hope 🙏

2023-01-09

Ending soon

2023-01-08

👍

2023-01-07

I have enjoy Tiger's Football season.

2023-01-06

Ok

2023-01-05

Waiting for Voucher USD100

2023-01-04

Ok

2023-01-03

Sign in

2023-01-02

Nice Events [Allin]

2023-01-01

Happy New year everyone 🎉 ✨️

2022-12-31

Just play Tiger's Football

2022-12-30

Let's join and win

2022-12-29

Great [666]

2022-12-28

Nice games [Heart]

Go to Tiger App to see more news

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((Reuters.Briefs@Thomsonreuters.Com;)).</nzm.nz></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>NZME FY Total Net Profit Rises 134%</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\">\nNZME FY Total Net Profit Rises 134%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2022-02-23 03:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><a href=\"https://laohu8.com/S/NZM.AU\">NZME</a> Ltd <nzm.nz>:5% Fy Operating Revenue Growth To Nz$349.2 Million.Fy Total Net Profit Nz$34.6 Million Up 134%.Fully Imputed And Fully Franked Final Dividend Declared Of 5.0 Nz Cents Per Share.Continue To Engage In Dialogue With Google, Facebook Regarding Accessing And Supporting Co'S Editorial Content.To Date Neither Google Or Facebook Provided Offers In Line With Those Achieved By Media Businesses In Australia.Further Company Coverage: Nzm.Nz. ((Reuters.Briefs@Thomsonreuters.Com;)).</nzm.nz></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSS":"Total System Services"},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2213748951","content_text":"NZME Ltd :5% Fy Operating Revenue Growth To Nz$349.2 Million.Fy Total Net Profit Nz$34.6 Million Up 134%.Fully Imputed And Fully Franked Final Dividend Declared Of 5.0 Nz Cents Per Share.Continue To Engage In Dialogue With Google, Facebook Regarding Accessing And Supporting Co'S Editorial Content.To Date Neither Google Or Facebook Provided Offers In Line With Those Achieved By Media Businesses In Australia.Further Company Coverage: Nzm.Nz. ((Reuters.Briefs@Thomsonreuters.Com;)).","news_type":1},"isVote":1,"tweetType":1,"viewCount":1599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063736184,"gmtCreate":1651534515598,"gmtModify":1676534920137,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"👍 👌&nbsp;","listText":"👍 👌&nbsp;","text":"👍 👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063736184","repostId":"1177683654","repostType":4,"repost":{"id":"1177683654","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":1651045669,"share":"https://ttm.financial/m/news/1177683654?lang=&edition=fundamental","pubTime":"2022-04-27 15:47","market":"sh","language":"en","title":"Reminder: SGX Market is Closed for Hari Raya Puasa","url":"https://stock-news.laohu8.com/highlight/detail?id=1177683654","media":"Tiger Newspress","summary":"Labour Day and Hari Raya Puasa are around the corner.Trading activities will be affected for the Sin","content":"<html><head></head><body><p>Labour Day and Hari Raya Puasa are around the corner.</p><p>Trading activities will be affected for the Singapore market, Hong Kong market, China A-share market.</p><p>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/a107bf642cb0abd0ad3407947399d509\" 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: SGX Market is Closed for Hari Raya Puasa</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: SGX Market is Closed for Hari Raya Puasa\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\">2022-04-27 15:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Labour Day and Hari Raya Puasa are around the corner.</p><p>Trading activities will be affected for the Singapore market, Hong Kong market, China A-share market.</p><p>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/a107bf642cb0abd0ad3407947399d509\" 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":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177683654","content_text":"Labour Day and Hari Raya Puasa are around the corner.Trading activities will be affected for the Singapore market, Hong Kong market, China A-share market.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":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804815808,"gmtCreate":1627949568704,"gmtModify":1703498305295,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804815808","repostId":"1183793139","repostType":4,"repost":{"id":"1183793139","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":1627914562,"share":"https://ttm.financial/m/news/1183793139?lang=&edition=fundamental","pubTime":"2021-08-02 22:29","market":"us","language":"en","title":"Semiconductor stocks rally after ON Semi's strong earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1183793139","media":"Tiger Newspress","summary":"(August 2) The Philadelphia Semiconductor Index is up 1.6%, outperforming the 0.3% gain for the broa","content":"<p>(August 2)&nbsp;The Philadelphia Semiconductor Index is up 1.6%, outperforming the 0.3% gain for the broader tech sector (NYSEARCA:XLK) after chipmaker ON Semiconductor (NASDAQ:ON) reported strong earnings and an upside forecast despite the continuing supply chain constraints.</p>\n<p>ON Semiconductor stock surges over&nbsp;14%&nbsp;after record earnings that beat expectations, upbeat outlook.</p>\n<p>Shares of <a href=\"https://laohu8.com/S/ON\">ON Semiconductor Corp.</a> (ON) shot up over&nbsp;14% in morning trading Monday, after the chipmaker reported record adjusted profit and revenue that beat expectations and provided an upbeat outlook, citing accelerating demand in the automotive and industrial end markets.</p>\n<ul>\n <li>Net income was $184.1 million, or 42 cents a share, after a loss of $1.4 billion, or roughly breakeven on a per-share basis, in the year-ago period.</li>\n <li>Excluding nonrecurring items, adjusted earnings per share increased to a record 63 cents from 12 cents, beating the FactSet consensus of 49 cents.</li>\n <li>Revenue grew 37.6% to $1.67 billion, above the FactSet consensus of $1.62 billion.</li>\n <li>For the third quarter, the company expects adjusted EPS of 68 cents to 80 cents and revenue of $1.66 billion to $1.76 billion, above the FactSet consensus for EPS of 51 cents and revenue of $1.61 billion.</li>\n <li>Gross margin is expected to improve to 38.8% to 40.9% in the third quarter from 38.3% in the second quarter.</li>\n</ul>\n<p>The stock has rallied 19.3% year to date through Friday, while the PHLX Semiconductor Index has run up 20.1% and the S&amp;P 500 has advanced 17.0%.</p>\n<p>MKM Partners notes that ON called out \"accelerating demand for the auto and industrial end markets\" even as the global chip shortage continues.</p>\n<p>Top semiconductor gainers include ON's auto chip peers Microchip (MCHP +3.3%) and NXP Semiconductors (NXPI +2.6%) with the latter reporting earnings today after the bell. Semiconductor equipment players Applied Materials (AMAT +3.2%) and Lam Research (LRCX +2.0%) are also among the top tech gainers.</p>\n<p>Silicon Labs (SLAB +4.2%) continues to rally after announcing plans for a $1B modified Dutch auction.</p>\n<p><img src=\"https://static.tigerbbs.com/29705170f6277ecc6c92943d45c08bb7\" tg-width=\"315\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Semiconductor stocks rally after ON Semi's strong earnings</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\">\nSemiconductor stocks rally after ON Semi's strong earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-02 22:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(August 2)&nbsp;The Philadelphia Semiconductor Index is up 1.6%, outperforming the 0.3% gain for the broader tech sector (NYSEARCA:XLK) after chipmaker ON Semiconductor (NASDAQ:ON) reported strong earnings and an upside forecast despite the continuing supply chain constraints.</p>\n<p>ON Semiconductor stock surges over&nbsp;14%&nbsp;after record earnings that beat expectations, upbeat outlook.</p>\n<p>Shares of <a href=\"https://laohu8.com/S/ON\">ON Semiconductor Corp.</a> (ON) shot up over&nbsp;14% in morning trading Monday, after the chipmaker reported record adjusted profit and revenue that beat expectations and provided an upbeat outlook, citing accelerating demand in the automotive and industrial end markets.</p>\n<ul>\n <li>Net income was $184.1 million, or 42 cents a share, after a loss of $1.4 billion, or roughly breakeven on a per-share basis, in the year-ago period.</li>\n <li>Excluding nonrecurring items, adjusted earnings per share increased to a record 63 cents from 12 cents, beating the FactSet consensus of 49 cents.</li>\n <li>Revenue grew 37.6% to $1.67 billion, above the FactSet consensus of $1.62 billion.</li>\n <li>For the third quarter, the company expects adjusted EPS of 68 cents to 80 cents and revenue of $1.66 billion to $1.76 billion, above the FactSet consensus for EPS of 51 cents and revenue of $1.61 billion.</li>\n <li>Gross margin is expected to improve to 38.8% to 40.9% in the third quarter from 38.3% in the second quarter.</li>\n</ul>\n<p>The stock has rallied 19.3% year to date through Friday, while the PHLX Semiconductor Index has run up 20.1% and the S&amp;P 500 has advanced 17.0%.</p>\n<p>MKM Partners notes that ON called out \"accelerating demand for the auto and industrial end markets\" even as the global chip shortage continues.</p>\n<p>Top semiconductor gainers include ON's auto chip peers Microchip (MCHP +3.3%) and NXP Semiconductors (NXPI +2.6%) with the latter reporting earnings today after the bell. Semiconductor equipment players Applied Materials (AMAT +3.2%) and Lam Research (LRCX +2.0%) are also among the top tech gainers.</p>\n<p>Silicon Labs (SLAB +4.2%) continues to rally after announcing plans for a $1B modified Dutch auction.</p>\n<p><img src=\"https://static.tigerbbs.com/29705170f6277ecc6c92943d45c08bb7\" tg-width=\"315\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183793139","content_text":"(August 2) The Philadelphia Semiconductor Index is up 1.6%, outperforming the 0.3% gain for the broader tech sector (NYSEARCA:XLK) after chipmaker ON Semiconductor (NASDAQ:ON) reported strong earnings and an upside forecast despite the continuing supply chain constraints.\nON Semiconductor stock surges over 14% after record earnings that beat expectations, upbeat outlook.\nShares of ON Semiconductor Corp. (ON) shot up over 14% in morning trading Monday, after the chipmaker reported record adjusted profit and revenue that beat expectations and provided an upbeat outlook, citing accelerating demand in the automotive and industrial end markets.\n\nNet income was $184.1 million, or 42 cents a share, after a loss of $1.4 billion, or roughly breakeven on a per-share basis, in the year-ago period.\nExcluding nonrecurring items, adjusted earnings per share increased to a record 63 cents from 12 cents, beating the FactSet consensus of 49 cents.\nRevenue grew 37.6% to $1.67 billion, above the FactSet consensus of $1.62 billion.\nFor the third quarter, the company expects adjusted EPS of 68 cents to 80 cents and revenue of $1.66 billion to $1.76 billion, above the FactSet consensus for EPS of 51 cents and revenue of $1.61 billion.\nGross margin is expected to improve to 38.8% to 40.9% in the third quarter from 38.3% in the second quarter.\n\nThe stock has rallied 19.3% year to date through Friday, while the PHLX Semiconductor Index has run up 20.1% and the S&P 500 has advanced 17.0%.\nMKM Partners notes that ON called out \"accelerating demand for the auto and industrial end markets\" even as the global chip shortage continues.\nTop semiconductor gainers include ON's auto chip peers Microchip (MCHP +3.3%) and NXP Semiconductors (NXPI +2.6%) with the latter reporting earnings today after the bell. Semiconductor equipment players Applied Materials (AMAT +3.2%) and Lam Research (LRCX +2.0%) are also among the top tech gainers.\nSilicon Labs (SLAB +4.2%) continues to rally after announcing plans for a $1B modified Dutch auction.","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891810339,"gmtCreate":1628377591321,"gmtModify":1703505435524,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Like and follow","listText":"Like and follow","text":"Like and follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/891810339","repostId":"1180025090","repostType":4,"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888863222,"gmtCreate":1631488299666,"gmtModify":1676530553565,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888863222","repostId":"2166377772","repostType":4,"repost":{"id":"2166377772","pubTimestamp":1631412043,"share":"https://ttm.financial/m/news/2166377772?lang=&edition=fundamental","pubTime":"2021-09-12 10:00","market":"us","language":"en","title":"Got $1,000? 4 Buffett Stocks to Buy and Hold Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2166377772","media":"Motley Fool","summary":"Strengthen your portfolio by following Warren Buffett's lead on these stocks.","content":"<p>When Warren Buffett took over <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B) in 1965, the company was valued at $19 per share. Today, the investment conglomerate's class A shares trade at roughly $424,200 -- good for growth of approximately 2,226,200% across the stretch. With that kind of incredible performance, it's no wonder he's widely considered one of history's best investors.</p>\n<p>Berkshire stock's massive size means that its days of explosive growth are probably in the rearview, but investors will likely still be able to bank strong gains by following moves made by the company and its chief executive officer. Read on for a look at four Buffett-backed stocks that look primed to deliver wins over the long term.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7e64d08376131e83c6ddb13b24638e8\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: The Motley Fool.</span></p>\n<h2>1. Berkshire Hathaway</h2>\n<p>If you want to replicate The Oracle of Omaha's investing strategy, the single best way to do it is owning Berkshire Hathaway stock. Led by Buffett, vice chairman Charlie Munger, and a team of expert analysts, Berkshire stands as one of the best-managed investment conglomerates of the last half-century.</p>\n<p>Berkshire Hathaway has sector-spanning investment holdings and a legendary management team, so buying its stock is a top way to add a combination of diversified, relatively low-risk holdings to your portfolio. Investing in the company provides a convenient, trustworthy vehicle for broad exposure to the stock market and an equity stake in other businesses and assets under Berkshire's corporate umbrella.</p>\n<p>In addition to the other stocks profiled in this article, Berkshire Hathaway gives investors exposure to companies including <b>Coca-Cola</b>, <b>Bank of America</b>, <b>American Express</b>, and many others. While Berkshire has a reputation for focusing on value plays in time-tested business categories, the company has gradually been shifting to accommodate a more tech-focused approach to investing. Buffett's and Munger's investing philosophy still plays a key role in shaping the company's direction, but Berkshire is also building positions in future-oriented tech players, and that should work to the advantage of long-term shareholders.</p>\n<h2>2. Apple</h2>\n<p><b>Apple</b> (NASDAQ:AAPL) stands as the single largest stock holding in the Berkshire Hathaway portfolio. While Buffett is known to have been generally averse to tech stocks due to their complicated businesses and growth-dependent valuations, that's started to change in recent years, and his company has been adding more tech stocks to its holdings. Berkshire's big investments in Apple can be seen as leading the company's emerging tech foundations.</p>\n<p>Apple has built one of the strongest brands in the consumer hardware space, and that's also paved the way for a robust software and subscription services ecosystem. Apple will likely continue to command forefront positions in the mobile hardware and software spaces, and it stands out as a likely beneficiary of emerging long-term growth trends, including wearable computing, 5G, and augmented reality.</p>\n<h2>3. Verizon</h2>\n<p>Buffett is known for liking businesses that have strong brand strength, and <b>Verizon</b> (NYSE:VZ) certainly ticks that box. The telecommunications company has America's largest wireless subscriber base, and it regularly wins awards for having the industry's best network coverage and customer service. With 5G availability still rolling out and phones that support next-generation network services just starting to become widely available, Verizon is likely in the early stages of benefiting from a major transition.</p>\n<p>And when it's time to roll out the next wireless network generations and leaps forward in upload and download speeds, there's a good chance that Verizon will continue to be at the forefront. Access to dependable, high-quality internet service will only become increasingly central to business and everyday life, and Verizon is a top candidate for benefiting from this long-term trend.</p>\n<h2>4. Amazon</h2>\n<p><b>Amazon</b> (NASDAQ:AMZN) is one of the world's most influential companies, and it's likely that the tech giant will continue to improve and innovate. With leading positions in e-commerce and cloud infrastructure service, Amazon is at the forefront of incredibly important industries that have far-reaching connections to a huge range of businesses. The company has also used its strengths in online retail and data analysis to establish a third-place position in the digital advertising market, and it looks poised to continue benefiting from the ongoing growth of digital ads.</p>\n<p>The e-commerce, cloud computing services, and digital advertising industries still have long runways for growth, and there's a good chance that Amazon will be able to use its immense resources to expand into new growth categories that strengthen the overall business. The stock has already put up stellar performance, and it continues to offer an attractive risk-reward dynamic for long-term investors.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Got $1,000? 4 Buffett Stocks to Buy and Hold Forever</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\">\nGot $1,000? 4 Buffett Stocks to Buy and Hold Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/11/got-1000-4-buffett-stocks-to-buy-and-hold-forever/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When Warren Buffett took over Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) in 1965, the company was valued at $19 per share. Today, the investment conglomerate's class A shares trade at roughly $424,...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/11/got-1000-4-buffett-stocks-to-buy-and-hold-forever/\">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","AMZN":"亚马逊","BRK.B":"伯克希尔B","AAPL":"苹果","VZ":"威瑞森"},"source_url":"https://www.fool.com/investing/2021/09/11/got-1000-4-buffett-stocks-to-buy-and-hold-forever/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166377772","content_text":"When Warren Buffett took over Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) in 1965, the company was valued at $19 per share. Today, the investment conglomerate's class A shares trade at roughly $424,200 -- good for growth of approximately 2,226,200% across the stretch. With that kind of incredible performance, it's no wonder he's widely considered one of history's best investors.\nBerkshire stock's massive size means that its days of explosive growth are probably in the rearview, but investors will likely still be able to bank strong gains by following moves made by the company and its chief executive officer. Read on for a look at four Buffett-backed stocks that look primed to deliver wins over the long term.\nImage source: The Motley Fool.\n1. Berkshire Hathaway\nIf you want to replicate The Oracle of Omaha's investing strategy, the single best way to do it is owning Berkshire Hathaway stock. Led by Buffett, vice chairman Charlie Munger, and a team of expert analysts, Berkshire stands as one of the best-managed investment conglomerates of the last half-century.\nBerkshire Hathaway has sector-spanning investment holdings and a legendary management team, so buying its stock is a top way to add a combination of diversified, relatively low-risk holdings to your portfolio. Investing in the company provides a convenient, trustworthy vehicle for broad exposure to the stock market and an equity stake in other businesses and assets under Berkshire's corporate umbrella.\nIn addition to the other stocks profiled in this article, Berkshire Hathaway gives investors exposure to companies including Coca-Cola, Bank of America, American Express, and many others. While Berkshire has a reputation for focusing on value plays in time-tested business categories, the company has gradually been shifting to accommodate a more tech-focused approach to investing. Buffett's and Munger's investing philosophy still plays a key role in shaping the company's direction, but Berkshire is also building positions in future-oriented tech players, and that should work to the advantage of long-term shareholders.\n2. Apple\nApple (NASDAQ:AAPL) stands as the single largest stock holding in the Berkshire Hathaway portfolio. While Buffett is known to have been generally averse to tech stocks due to their complicated businesses and growth-dependent valuations, that's started to change in recent years, and his company has been adding more tech stocks to its holdings. Berkshire's big investments in Apple can be seen as leading the company's emerging tech foundations.\nApple has built one of the strongest brands in the consumer hardware space, and that's also paved the way for a robust software and subscription services ecosystem. Apple will likely continue to command forefront positions in the mobile hardware and software spaces, and it stands out as a likely beneficiary of emerging long-term growth trends, including wearable computing, 5G, and augmented reality.\n3. Verizon\nBuffett is known for liking businesses that have strong brand strength, and Verizon (NYSE:VZ) certainly ticks that box. The telecommunications company has America's largest wireless subscriber base, and it regularly wins awards for having the industry's best network coverage and customer service. With 5G availability still rolling out and phones that support next-generation network services just starting to become widely available, Verizon is likely in the early stages of benefiting from a major transition.\nAnd when it's time to roll out the next wireless network generations and leaps forward in upload and download speeds, there's a good chance that Verizon will continue to be at the forefront. Access to dependable, high-quality internet service will only become increasingly central to business and everyday life, and Verizon is a top candidate for benefiting from this long-term trend.\n4. Amazon\nAmazon (NASDAQ:AMZN) is one of the world's most influential companies, and it's likely that the tech giant will continue to improve and innovate. With leading positions in e-commerce and cloud infrastructure service, Amazon is at the forefront of incredibly important industries that have far-reaching connections to a huge range of businesses. The company has also used its strengths in online retail and data analysis to establish a third-place position in the digital advertising market, and it looks poised to continue benefiting from the ongoing growth of digital ads.\nThe e-commerce, cloud computing services, and digital advertising industries still have long runways for growth, and there's a good chance that Amazon will be able to use its immense resources to expand into new growth categories that strengthen the overall business. The stock has already put up stellar performance, and it continues to offer an attractive risk-reward dynamic for long-term investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888087240,"gmtCreate":1631413863580,"gmtModify":1676530543458,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Buy the dip","listText":"Buy the dip","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888087240","repostId":"1101906502","repostType":4,"repost":{"id":"1101906502","pubTimestamp":1631407634,"share":"https://ttm.financial/m/news/1101906502?lang=&edition=fundamental","pubTime":"2021-09-12 08:47","market":"us","language":"en","title":"Buy or Sell Apple Stock Ahead of iPhone Event?","url":"https://stock-news.laohu8.com/highlight/detail?id=1101906502","media":"TheStreet","summary":"Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.Shares of Apple Report fell $5.10, or 3.31%, to end at $148.97 Friday, as investors digested recent news and prepared for the iPhone event next week.On Sept. 14, the company will hold a virtual event to introduce the new device. Dubbed “California Streaming,” it’s expected that Apple will introduce its new iPhone and Apple Watch.However, Apple remains in the news for other reas","content":"<p>Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.</p>\n<p>Shares of Apple&nbsp;Report&nbsp;fell $5.10, or 3.31%, to end at $148.97 Friday, as investors digested recent news and prepared for the iPhone event next week.</p>\n<p>On Sept. 14, the company will&nbsp;hold a virtual event to introduce&nbsp;the new device. Dubbed “California Streaming,” it’s expected that Apple will introduce its new iPhone and Apple Watch.</p>\n<p>However, Apple remains in the news for other reasons, too.</p>\n<p>After hitting new highs earlier this week, the stock declined Friday after news of a court ruling&nbsp;in its case with Epic Games.</p>\n<p>That’s alongside a report that was published by well-known Morgan Stanley analyst Katy Huberty, who made the case that Apple stock&nbsp;is “compelling” ahead of its upcoming event.</p>\n<p>Like I said, it’s a lot of information for investors to digest. Let’s take a look at how the charts are setting up.</p>\n<p><b>Trading Apple Stock</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd94f6dcfc32af44a4ae542425f3c92f\" tg-width=\"700\" tg-height=\"429\" width=\"100%\" height=\"auto\"><span>Daily chart of Apple stock.</span></p>\n<p>Each time Apple has reported earnings this year, it has resulted in a selloff. Unfortunately, those selloffs would come right as the stock was at or near all-time highs. Those events are marked on the chart with blue arrows.</p>\n<p>It was even more frustrating that Apple&nbsp;blew out analysts’ expectations each time, yet the stock sold off anyway.</p>\n<p>However, rather than a massive dip following the most recent report, the stock only pulled back to the $145 area, near the prior high. It also held the 21-day moving average as support.</p>\n<p>The stock has since pushed up through $150 and earlier this week, hit new all-time highs.</p>\n<p>For now, we’re getting a dip back down to the key $150 area and the 21-day moving average. Aggressive bulls can buy this dip ahead of the company’s event on Tuesday.</p>\n<p>If we break Friday’s low, investors may consider stopping out of the trade and buying on a potentially larger dip down to the 50-day moving average or the $145 area.</p>\n<p>Below $145 may put the $138 level and the 200-day moving average in play.</p>\n<p>Should Apple trade up through the all-time high at $157.26, the 161.8% extension is in play up near $160. Above that mark could put the $172 to $175 zone on the table, depending on how investors react to the event.</p>\n<p>For what it’s worth, September is by far Apple’s worst-performing month, up just three of the last 11 years for the month.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy or Sell Apple Stock Ahead of iPhone Event?</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\">\nBuy or Sell Apple Stock Ahead of iPhone Event?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 08:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/trading-apple-aapl-stock-ahead-of-iphone13-event><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.\nShares of Apple Report fell $5.10, or 3.31%, to end at $148.97 Friday, as ...</p>\n\n<a href=\"https://www.thestreet.com/investing/trading-apple-aapl-stock-ahead-of-iphone13-event\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/investing/trading-apple-aapl-stock-ahead-of-iphone13-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101906502","content_text":"Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.\nShares of Apple Report fell $5.10, or 3.31%, to end at $148.97 Friday, as investors digested recent news and prepared for the iPhone event next week.\nOn Sept. 14, the company will hold a virtual event to introduce the new device. Dubbed “California Streaming,” it’s expected that Apple will introduce its new iPhone and Apple Watch.\nHowever, Apple remains in the news for other reasons, too.\nAfter hitting new highs earlier this week, the stock declined Friday after news of a court ruling in its case with Epic Games.\nThat’s alongside a report that was published by well-known Morgan Stanley analyst Katy Huberty, who made the case that Apple stock is “compelling” ahead of its upcoming event.\nLike I said, it’s a lot of information for investors to digest. Let’s take a look at how the charts are setting up.\nTrading Apple Stock\nDaily chart of Apple stock.\nEach time Apple has reported earnings this year, it has resulted in a selloff. Unfortunately, those selloffs would come right as the stock was at or near all-time highs. Those events are marked on the chart with blue arrows.\nIt was even more frustrating that Apple blew out analysts’ expectations each time, yet the stock sold off anyway.\nHowever, rather than a massive dip following the most recent report, the stock only pulled back to the $145 area, near the prior high. It also held the 21-day moving average as support.\nThe stock has since pushed up through $150 and earlier this week, hit new all-time highs.\nFor now, we’re getting a dip back down to the key $150 area and the 21-day moving average. Aggressive bulls can buy this dip ahead of the company’s event on Tuesday.\nIf we break Friday’s low, investors may consider stopping out of the trade and buying on a potentially larger dip down to the 50-day moving average or the $145 area.\nBelow $145 may put the $138 level and the 200-day moving average in play.\nShould Apple trade up through the all-time high at $157.26, the 161.8% extension is in play up near $160. Above that mark could put the $172 to $175 zone on the table, depending on how investors react to the event.\nFor what it’s worth, September is by far Apple’s worst-performing month, up just three of the last 11 years for the month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899398088,"gmtCreate":1628157428944,"gmtModify":1703502262408,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899398088","repostId":"1119138550","repostType":4,"repost":{"id":"1119138550","pubTimestamp":1628157065,"share":"https://ttm.financial/m/news/1119138550?lang=&edition=fundamental","pubTime":"2021-08-05 17:51","market":"us","language":"en","title":"Intel has a plan to go beyond 3nm chips","url":"https://stock-news.laohu8.com/highlight/detail?id=1119138550","media":"engadget","summary":"Its moving past nanometers, in more than one way.\n\nEarlier this year, Intel announced they were plan","content":"<blockquote>\n Its moving past nanometers, in more than <a href=\"https://laohu8.com/S/AONE.U\">one</a> way.\n</blockquote>\n<p>Earlier this year, <a href=\"https://laohu8.com/S/INTC\">Intel</a> announced they were planning toretake the CPU manufacturing leadand \"unquestioned leadership\" in the PC world. These were impressive goals, but what was missing was any sense of how they'd actually achieve them. Now, we finally know Intel's plan.</p>\n<p>Intel's CEO Pat Gelsinger and SVP of Technology Development Dr. Ann Kelleher,laid out the company's plan for the future.For starters, Intel is renaming its manufacturing nodes. What used to be 10nm \"Enhanced Superfin\" is now just \"7.\" This may feel a little duplicitous — \"just wave a wand a you've got better technology!\" — but to be fair to intel, the nanometer measurements of process nodes don't really correspond to anything physical any more, and in terms of density Intel's current 10nm chips are competitive with TSMC and Samsung's 7nm.</p>\n<p>Looking beyond 7nm, Intel is targeting an aggressive release schedule with major product updates happening annually. We're expecting their Alder Lake chips this fall, which will mix high and low-powered cores, followed by now-4nm Meteor Lake chips that will move to a \"tile\" (chiplet) design, and incorporate Intel's <a href=\"https://laohu8.com/S/DDD\">3D</a> stacked-chip technology, Foveros.</p>\n<p>Beyond that, Intel has technology mapped out for an EUV-based 3nm node that will use the high-energy manufacturing process to streamline chip creation, and a \"20A\" for angstrom node. This is one ten-billionth of a meter (meaning it's 2nm), and will be followed by a 18A node that Intel hopes to start moving into production in 2025 for products sometime in the 2nd half of the decade. Again, while node measurements don't really correspond to physical structures any more, a silicon atom is in the area of 2 angstroms wide, so these are seriously tiny transistors.</p>\n<p>This release schedule seems aggressive, and Intel does not have the best track record of meeting targets for new nodes, but if it can even come close to these goals, expect your laptops and desktops to get a huge performance boost in the next few years.</p>","source":"lsy1628157128723","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>Intel has a plan to go beyond 3nm chips</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\">\nIntel has a plan to go beyond 3nm chips\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 17:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.engadget.com/intel-laid-out-an-aggressive-plan-to-build-angstrom-scale-transistors-within-the-next-five-years-180020485.html><strong>engadget</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Its moving past nanometers, in more than one way.\n\nEarlier this year, Intel announced they were planning toretake the CPU manufacturing leadand \"unquestioned leadership\" in the PC world. These were ...</p>\n\n<a href=\"https://www.engadget.com/intel-laid-out-an-aggressive-plan-to-build-angstrom-scale-transistors-within-the-next-five-years-180020485.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://www.engadget.com/intel-laid-out-an-aggressive-plan-to-build-angstrom-scale-transistors-within-the-next-five-years-180020485.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119138550","content_text":"Its moving past nanometers, in more than one way.\n\nEarlier this year, Intel announced they were planning toretake the CPU manufacturing leadand \"unquestioned leadership\" in the PC world. These were impressive goals, but what was missing was any sense of how they'd actually achieve them. Now, we finally know Intel's plan.\nIntel's CEO Pat Gelsinger and SVP of Technology Development Dr. Ann Kelleher,laid out the company's plan for the future.For starters, Intel is renaming its manufacturing nodes. What used to be 10nm \"Enhanced Superfin\" is now just \"7.\" This may feel a little duplicitous — \"just wave a wand a you've got better technology!\" — but to be fair to intel, the nanometer measurements of process nodes don't really correspond to anything physical any more, and in terms of density Intel's current 10nm chips are competitive with TSMC and Samsung's 7nm.\nLooking beyond 7nm, Intel is targeting an aggressive release schedule with major product updates happening annually. We're expecting their Alder Lake chips this fall, which will mix high and low-powered cores, followed by now-4nm Meteor Lake chips that will move to a \"tile\" (chiplet) design, and incorporate Intel's 3D stacked-chip technology, Foveros.\nBeyond that, Intel has technology mapped out for an EUV-based 3nm node that will use the high-energy manufacturing process to streamline chip creation, and a \"20A\" for angstrom node. This is one ten-billionth of a meter (meaning it's 2nm), and will be followed by a 18A node that Intel hopes to start moving into production in 2025 for products sometime in the 2nd half of the decade. Again, while node measurements don't really correspond to physical structures any more, a silicon atom is in the area of 2 angstroms wide, so these are seriously tiny transistors.\nThis release schedule seems aggressive, and Intel does not have the best track record of meeting targets for new nodes, but if it can even come close to these goals, expect your laptops and desktops to get a huge performance boost in the next few years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890754380,"gmtCreate":1628137045540,"gmtModify":1703501922512,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890754380","repostId":"1158747638","repostType":4,"repost":{"id":"1158747638","pubTimestamp":1628130472,"share":"https://ttm.financial/m/news/1158747638?lang=&edition=fundamental","pubTime":"2021-08-05 10:27","market":"us","language":"en","title":"Is Apple Stock A Buy Or Sell After Recently Announced Earnings?","url":"https://stock-news.laohu8.com/highlight/detail?id=1158747638","media":"seekingalpha","summary":"Summary\n\nIn last week's earnings release, Apple posted record-setting June quarter results, with tot","content":"<p><b>Summary</b></p>\n<ul>\n <li>In last week's earnings release, Apple posted record-setting June quarter results, with total net sales of $81.4 billion, up 36% year-over-year.</li>\n <li>Yet, warnings about supply chain constraints and service revenues returning to more typical levels took its share price by surprise, with a same day drop of as much as 3%.</li>\n <li>However, the headwinds are expected to be temporary with no significant impacts to Apple's long-term growth prospects and valuation.</li>\n <li>Apple is expected to keep delivering unprecedented growth, underpinned by continued global demand for its products and services in the long run. And the recent price pullback makes a great buy opportunity for those looking to participate in the company's long-term gains.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c6ec3289e9b74b1c20fa47308bcbb20\" tg-width=\"1536\" tg-height=\"1063\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p>\n<p>Just a week ago, Apple (Nasdaq:AAPL) reported record-setting June quarter results that had crushed market expectations. The Cupertino-based tech giant recorded largest quarterly revenues ever of $81.4 billion, which were up 36% from the prior year and outperformed the average Wall Street forecast of $72.9 billion and our&nbsp;previous coverage&nbsp;projections of $76.5 billion by nearly $10 billion.</p>\n<p>The company also saw robust double-digit growth across the board from products and services to every geographic segment, with the installed base of devices and paid service subscriptions reaching an all-time high; the stellar results were also indicative of increased market penetration with the largest double-digit growth recorded for switchers and upgraders ever for a June-quarter, marking another record-breaking milestone in the books this quarter and continued dominance across all markets for Apple.</p>\n<p>Yet, Apple’s shares slipped as much as 3% following the earnings call and continues to be down close to 1% since July 27th. The stock also has not fared well amongst its FAANG counterparts in recent weeks from the stock sell-off triggered by fear that the latest resurgence of the coronavirus’ delta variant could erode economic growth.</p>\n<p>The contradicting movement in Apple’s share price compared to its stellar June quarter financial results allegedly stemmed from management’s warning of decelerated growth for the upcoming September quarter as lingering supply chain constraints are expected to place an adverse impact on product sales, especially on the revenue-leading iPhone and iPad categories; other headwinds also include weaker FX gains and anticipated slowed growth in the services category as demand returns to pre-pandemic levels following above-normal June quarter results.</p>\n<p>However, we consider anticipated headwinds as only short-term impacts that will not result in permanent losses for the company. The Apple stock remains primed for further upside considering the rising global demand for its products and services. Despite the supply crunch and decelerated growth anticipated for the upcoming September quarter, our outlook remains bullish on Apple with upside of more than 15% based on the last traded share price of $145.52 on August 2nd. With Apple’s stock price still down 0.85% from its earnings call on July 27thand down close to 3% from its mid-July peak, we consider the recent price pullback an advantage slated for long-term gains.</p>\n<p><b>Strength in Overcoming Lost Sales from Supply Constraints</b></p>\n<p>One of the key drivers for slowed growth anticipated for the September quarter is the ongoing chip supply shortage, which had previously caused more pervasive impact to the automotive industry but has now trickled down to consumer electronics. And Apple, who has its proprietary chips made by the world’s largest contract chip manufacturer, Taiwan Semiconductor Manufacturing Company (NYSE:TSMor “TSMC”), has not been spared from impact, with management warning of a supply constraint for the legacy semiconductor nodes used in the display and audio functions of its best-selling products, which is expected to drive lower sales in the near term.</p>\n<p>TSMC has also warned the chip shortage will likely continue into the&nbsp;following year, which is consistent with the timeline issued across all impacted industries. Although management has not provided a quantified range for the anticipated impact on the September quarter’s results, it is expected to be far more severe than what was experienced in the June quarter, which was on the low end of the $3 billion and $4 billion range estimate provided in April.</p>\n<p>However, the continued acceleration in global demand for iPhones and iPads is expected to more than compensate for the upcoming loss of revenues in later periods as “deferred” sales when raw material supplies return, and pending demand is fulfilled. To date, 97% of customers who have purchased from the iPhone 12 family have indicated appreciation for the enhanced 5G speeds, alongside improved chip technology and camera quality.</p>\n<p>The product category has also seen strong upgrade and switch rates in recent months as users continue their transition from legacy iPhones and other smartphones to the latest and greatest 5G-enabled iPhone. Considering 5G technology is still in early stages of adoption with low penetration rate, there is still significant additional growth opportunities available for the current and future 5G-enabled iPhone models.</p>\n<p>Global demand for 5G-enabled devices is expected to grow at a&nbsp;compounded annual growth rate (“CAGR”) of 38% into 2026, which further corroborates the expectation that potential lost sales from the ongoing supply shortage will not be permanent as demand for iPhones will continue to persist at high levels and make-whole lost sales in later periods when chip supplies return. A similar trend is expected for iPad demands in the long run, as it has proven itself during the pandemic to be a versatile and affordable tool to support creativity and social connection.</p>\n<p>The production and sales bottleneck caused by the ongoing global chip supply shortage will only be a temporary pause to Apple’s iPhone and iPad hot streak, which is expected to resume in strength when the supply chain finds alleviation to its current crunch sometime next year. And when this happens, we should be expecting above-normal sales levels underpinned by robust demand, similar to those observed in the June quarter.</p>\n<p><b>Outperforming Competition in the Services Segment with Innovation</b></p>\n<p>Although the above-normal growth in the services business segment observed during the June quarter is expected to revert to more moderated historical levels going forward, Apple has continued to be diligent in rolling out “innovative new features and programming” to increase reach and maintain market dominance in the increasingly competitive landscape.</p>\n<p>Apple’s services business segment – which includes iCloud, Apple TV+, App Store, Apple Music, Apple Podcasts, advertising, payment and other service offerings – currently competes head-on with other prominent service providers like Spotify (NYSE:SPOT), Netflix (Nasdaq:NFLX), Amazon.com (Nasdaq:AMZN),Google(Nasdaq:GOOG) (GOOGL) and&nbsp;Facebook(Nasdaq:FB). In order to maintain its established reputation for innovative technology and grow its loyal fanbase, Apple has recently introduced several new upgrades to existing service offerings at its most recent Worldwide Developers Conference (“WWDC”).</p>\n<p>The new exciting features include&nbsp;Spatial Audio and Lossless Audio&nbsp;for Apple Music, which enables an “immersive” listening experience and provides access to the studio quality of original audio files at no additional cost – a competitive advantage to audio streaming leader Spotify’s “HiFi” equivalent, which will likely come at a higher price tag upon launch. And for Apple TV+ – Apple’s gateway to the fast-growing&nbsp;video-streaming&nbsp;market – the company has continued to produce quality programming, which is proven through the&nbsp;35 Emmy Nominations&nbsp;that it has received this year.</p>\n<p>A new generation of the&nbsp;Apple TV, which includes a Siri-enabled remote and enhanced colour balance technology, has also been unveiled to complement its improved programming, which is expected to further enhance customer traction for the segment. The tech giant has also rebranded its iCloud service to&nbsp;iCloud+, with additional upgrades including enhanced privacy features and expanded HomeKit Secure Video support to accompany its suite of smart home devices at no additional costs.</p>\n<p>Other recently launched and enhanced services include Apple Podcast subscriptions, Apple News+ and Apple Fitness+, which could be bundled through Apple One at a discounted subscription rate. The Apple One bundle, which was launched in Q2, has already seen incredible success with increasing adoption rates that continue to drive overall growth within the services business segment.</p>\n<p><b>Overall Financial Prospects</b></p>\n<p>Considering the above analysis on Apple’s current operating environment, the recent headwinds that will drive decelerated growth during the September quarter are expected to be temporary and will be overcome with ease in the long run. Our base case forecast projects total net sales of $85.6 billion for the September quarter, representing 32% year-over-year growth, which is consistent with management’s expectations for strong double-digit year-over-year growth that will be slightly lower than the 36% reported for the June quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/347e1ee20881f92c4563eeeaa5b1963c\" tg-width=\"640\" tg-height=\"232\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts (Apple_-_Forecasted_Financial_Information.pdf).</span></p>\n<p>Our projected total net sales for the September quarter consist of $67.6 billion in product sales, up 35% from the prior year, and $18.0 billion in service sales, up 24% from the prior year. Altogether, our base case forecast projects total net sales of $368.1 billion for FY 2021, which represents year-over-year growth of 34%. The company’s net sales are expected to maintain accelerated growth at a CAGR of 8% towards $534.4 billion by FY 2026 due to increasing adoption and integration of technology and digital media into both professional and personal aspects of day-to-day routines.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/179a3a17abb5e6e4e0cb20196095a5eb\" tg-width=\"640\" tg-height=\"200\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p>Gross profit margins are projected at 41.7% for the September quarter, which is consistent with management’s guidance of approximately 41.5% to 42.5% considering the higher freight costs expected for this quarter, offset by an overall decline in component supply costs as product sales continue to scale.</p>\n<p>Total operating expenses are projected at $11.4 billion for the fiscal year’s fourth quarter, which consists of $6.0 billion related to research and development efforts, and $5.4 billion related to selling, general and administrative expenses; this is consistent with Apple’s cost structure observed in recent periods, and in line with the estimated range of $11.3 billion and $11.5 billion provided in management’s guidance.</p>\n<p>As a result, our base case forecast projects total cost of sales of $214.5 billion, and total operating expenses of $43.9 billion for FY 2021. And a similar cost structure is expected to apply into FY 2026 to support Apple’s continued growth in its products and services categories, as well as across all geographic segments in which it currently operates in.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/631897e055a326e11a137bad234bd0c9\" tg-width=\"640\" tg-height=\"200\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p>Altogether, our base case forecast projects FY 2021 net income of $94.8 billion, which represents year-over-year growth of 65%. The bottom line is forecasted for further growth at a CAGR of 7% into the next five years, resulting in projected net income of $132.5 billion by 2026.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce4ffc957a33598110dd5c193b77e637\" tg-width=\"640\" tg-height=\"198\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p><i>i. Base Case Financial Projections:</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ce3157a7c707f88fa9542c0253d7e4a\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecasts.</span></p>\n<p><b>AAPL Stock Valuation</b></p>\n<p>Our revised price target for Apple based on updated information from its recent earnings release is $170.91. This represents upside potential of 17.4% based on the last traded share price of $145.52 on August 2nd.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d398b8df89c54ecc26709392246469b0\" tg-width=\"640\" tg-height=\"210\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p>\n<p>To arrive at the $170.91 price target, we have applied a WACC of 8% to discount Apple’s projected free cash flows over a five-year discrete period; the WACC is consistent with Apple’s current risk profile and capital structure, which includes its latest&nbsp;four-part debt offering&nbsp;to&nbsp;taling $6.5 billion. Our valuation analysis also assumes a 19.7x EV/EBITDA multiple, which is in line with guideline public companies and precedent transactions within Apple’s industry peer group, and is reflective of current market expectations for Apple’s business growth potential in the long run.</p>\n<p><i>i. Base Case Valuation Analysis:</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b30bd02b3ef44a0cc3e7fef6501235c\" tg-width=\"640\" tg-height=\"308\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p>\n<p>In order to validate our foregoing analysis that the adverse impacts to sales resulting from supply constraints, moderated services segment revenues and less favourable FX are only temporary and will not materially change Apple’s upside potential, we have also performed a sensitivity analysis to quantify the impact to FY 2021 revenues needed to decrease our base case price target of $170.91 by 10%.</p>\n<p>Based on our sensitivity analysis, FY 2021 revenues of $301.5 billion with growth at a CAGR of 10% into 2026, while holding all other valuation assumptions (i.e. cost structure, WACC, EV/EBITDA multiple) discussed above constant, would result in a price target of $153.82, which is 10% lower than our base case price target of $170.91.</p>\n<p>Considering year-to-date total net sales of $282.5 billion, Apple would only need to achieve total net sales of $19.0 billion for the September quarter to maintain a projected equity value of $2.5 trillion or $153.82 per share, which is highly unlikely even under supply constraint pressures and reduced services segment sales based on the company’s current growth trajectory. As such, we do not consider the near-term impacts related to supply constraints, moderated services segment revenues, and unfavourable FX a catalyst for permanent loss to Apple’s valuation.</p>\n<p><i>i. Revenue Sensitivity Analysis:</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30976c090450f0576826720e5a1ab19a\" tg-width=\"640\" tg-height=\"354\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p>\n<p><b>Conclusion - Is AAPL Stock A Good Buy?</b></p>\n<p>Considering Apple’s growth prospects, the recent price pullback makes a great buy opportunity for those looking to participate in the company’s long-term gains. The near-term headwinds related to industry-wide supply constraints and normalized services segment revenues are not expected to materially change Apple’s growth trajectory nor valuation in the long run.</p>\n<p>Any lost revenues in the September quarter will very likely be recouped when the supply chain restores its balance, considering the continued surge in demand for iPhones and iPads underpinned by ongoing 5G transition and the increasing need for versatile portable smart devices to enable online access at all times. As a global industry leader with successes achieved to date that very few could match, Apple is poised for further upside realization in the long run.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Apple Stock A Buy Or Sell After Recently Announced Earnings?</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\">\nIs Apple Stock A Buy Or Sell After Recently Announced Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 10:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4444713-apple-stock-buy-sell-recent-earnings><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn last week's earnings release, Apple posted record-setting June quarter results, with total net sales of $81.4 billion, up 36% year-over-year.\nYet, warnings about supply chain constraints ...</p>\n\n<a href=\"https://seekingalpha.com/article/4444713-apple-stock-buy-sell-recent-earnings\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4444713-apple-stock-buy-sell-recent-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158747638","content_text":"Summary\n\nIn last week's earnings release, Apple posted record-setting June quarter results, with total net sales of $81.4 billion, up 36% year-over-year.\nYet, warnings about supply chain constraints and service revenues returning to more typical levels took its share price by surprise, with a same day drop of as much as 3%.\nHowever, the headwinds are expected to be temporary with no significant impacts to Apple's long-term growth prospects and valuation.\nApple is expected to keep delivering unprecedented growth, underpinned by continued global demand for its products and services in the long run. And the recent price pullback makes a great buy opportunity for those looking to participate in the company's long-term gains.\n\nJustin Sullivan/Getty Images News\nJust a week ago, Apple (Nasdaq:AAPL) reported record-setting June quarter results that had crushed market expectations. The Cupertino-based tech giant recorded largest quarterly revenues ever of $81.4 billion, which were up 36% from the prior year and outperformed the average Wall Street forecast of $72.9 billion and our previous coverage projections of $76.5 billion by nearly $10 billion.\nThe company also saw robust double-digit growth across the board from products and services to every geographic segment, with the installed base of devices and paid service subscriptions reaching an all-time high; the stellar results were also indicative of increased market penetration with the largest double-digit growth recorded for switchers and upgraders ever for a June-quarter, marking another record-breaking milestone in the books this quarter and continued dominance across all markets for Apple.\nYet, Apple’s shares slipped as much as 3% following the earnings call and continues to be down close to 1% since July 27th. The stock also has not fared well amongst its FAANG counterparts in recent weeks from the stock sell-off triggered by fear that the latest resurgence of the coronavirus’ delta variant could erode economic growth.\nThe contradicting movement in Apple’s share price compared to its stellar June quarter financial results allegedly stemmed from management’s warning of decelerated growth for the upcoming September quarter as lingering supply chain constraints are expected to place an adverse impact on product sales, especially on the revenue-leading iPhone and iPad categories; other headwinds also include weaker FX gains and anticipated slowed growth in the services category as demand returns to pre-pandemic levels following above-normal June quarter results.\nHowever, we consider anticipated headwinds as only short-term impacts that will not result in permanent losses for the company. The Apple stock remains primed for further upside considering the rising global demand for its products and services. Despite the supply crunch and decelerated growth anticipated for the upcoming September quarter, our outlook remains bullish on Apple with upside of more than 15% based on the last traded share price of $145.52 on August 2nd. With Apple’s stock price still down 0.85% from its earnings call on July 27thand down close to 3% from its mid-July peak, we consider the recent price pullback an advantage slated for long-term gains.\nStrength in Overcoming Lost Sales from Supply Constraints\nOne of the key drivers for slowed growth anticipated for the September quarter is the ongoing chip supply shortage, which had previously caused more pervasive impact to the automotive industry but has now trickled down to consumer electronics. And Apple, who has its proprietary chips made by the world’s largest contract chip manufacturer, Taiwan Semiconductor Manufacturing Company (NYSE:TSMor “TSMC”), has not been spared from impact, with management warning of a supply constraint for the legacy semiconductor nodes used in the display and audio functions of its best-selling products, which is expected to drive lower sales in the near term.\nTSMC has also warned the chip shortage will likely continue into the following year, which is consistent with the timeline issued across all impacted industries. Although management has not provided a quantified range for the anticipated impact on the September quarter’s results, it is expected to be far more severe than what was experienced in the June quarter, which was on the low end of the $3 billion and $4 billion range estimate provided in April.\nHowever, the continued acceleration in global demand for iPhones and iPads is expected to more than compensate for the upcoming loss of revenues in later periods as “deferred” sales when raw material supplies return, and pending demand is fulfilled. To date, 97% of customers who have purchased from the iPhone 12 family have indicated appreciation for the enhanced 5G speeds, alongside improved chip technology and camera quality.\nThe product category has also seen strong upgrade and switch rates in recent months as users continue their transition from legacy iPhones and other smartphones to the latest and greatest 5G-enabled iPhone. Considering 5G technology is still in early stages of adoption with low penetration rate, there is still significant additional growth opportunities available for the current and future 5G-enabled iPhone models.\nGlobal demand for 5G-enabled devices is expected to grow at a compounded annual growth rate (“CAGR”) of 38% into 2026, which further corroborates the expectation that potential lost sales from the ongoing supply shortage will not be permanent as demand for iPhones will continue to persist at high levels and make-whole lost sales in later periods when chip supplies return. A similar trend is expected for iPad demands in the long run, as it has proven itself during the pandemic to be a versatile and affordable tool to support creativity and social connection.\nThe production and sales bottleneck caused by the ongoing global chip supply shortage will only be a temporary pause to Apple’s iPhone and iPad hot streak, which is expected to resume in strength when the supply chain finds alleviation to its current crunch sometime next year. And when this happens, we should be expecting above-normal sales levels underpinned by robust demand, similar to those observed in the June quarter.\nOutperforming Competition in the Services Segment with Innovation\nAlthough the above-normal growth in the services business segment observed during the June quarter is expected to revert to more moderated historical levels going forward, Apple has continued to be diligent in rolling out “innovative new features and programming” to increase reach and maintain market dominance in the increasingly competitive landscape.\nApple’s services business segment – which includes iCloud, Apple TV+, App Store, Apple Music, Apple Podcasts, advertising, payment and other service offerings – currently competes head-on with other prominent service providers like Spotify (NYSE:SPOT), Netflix (Nasdaq:NFLX), Amazon.com (Nasdaq:AMZN),Google(Nasdaq:GOOG) (GOOGL) and Facebook(Nasdaq:FB). In order to maintain its established reputation for innovative technology and grow its loyal fanbase, Apple has recently introduced several new upgrades to existing service offerings at its most recent Worldwide Developers Conference (“WWDC”).\nThe new exciting features include Spatial Audio and Lossless Audio for Apple Music, which enables an “immersive” listening experience and provides access to the studio quality of original audio files at no additional cost – a competitive advantage to audio streaming leader Spotify’s “HiFi” equivalent, which will likely come at a higher price tag upon launch. And for Apple TV+ – Apple’s gateway to the fast-growing video-streaming market – the company has continued to produce quality programming, which is proven through the 35 Emmy Nominations that it has received this year.\nA new generation of the Apple TV, which includes a Siri-enabled remote and enhanced colour balance technology, has also been unveiled to complement its improved programming, which is expected to further enhance customer traction for the segment. The tech giant has also rebranded its iCloud service to iCloud+, with additional upgrades including enhanced privacy features and expanded HomeKit Secure Video support to accompany its suite of smart home devices at no additional costs.\nOther recently launched and enhanced services include Apple Podcast subscriptions, Apple News+ and Apple Fitness+, which could be bundled through Apple One at a discounted subscription rate. The Apple One bundle, which was launched in Q2, has already seen incredible success with increasing adoption rates that continue to drive overall growth within the services business segment.\nOverall Financial Prospects\nConsidering the above analysis on Apple’s current operating environment, the recent headwinds that will drive decelerated growth during the September quarter are expected to be temporary and will be overcome with ease in the long run. Our base case forecast projects total net sales of $85.6 billion for the September quarter, representing 32% year-over-year growth, which is consistent with management’s expectations for strong double-digit year-over-year growth that will be slightly lower than the 36% reported for the June quarter.\nSource: Author, with data from our internal financial forecasts (Apple_-_Forecasted_Financial_Information.pdf).\nOur projected total net sales for the September quarter consist of $67.6 billion in product sales, up 35% from the prior year, and $18.0 billion in service sales, up 24% from the prior year. Altogether, our base case forecast projects total net sales of $368.1 billion for FY 2021, which represents year-over-year growth of 34%. The company’s net sales are expected to maintain accelerated growth at a CAGR of 8% towards $534.4 billion by FY 2026 due to increasing adoption and integration of technology and digital media into both professional and personal aspects of day-to-day routines.\nSource: Author, with data from our internal financial forecasts.\nGross profit margins are projected at 41.7% for the September quarter, which is consistent with management’s guidance of approximately 41.5% to 42.5% considering the higher freight costs expected for this quarter, offset by an overall decline in component supply costs as product sales continue to scale.\nTotal operating expenses are projected at $11.4 billion for the fiscal year’s fourth quarter, which consists of $6.0 billion related to research and development efforts, and $5.4 billion related to selling, general and administrative expenses; this is consistent with Apple’s cost structure observed in recent periods, and in line with the estimated range of $11.3 billion and $11.5 billion provided in management’s guidance.\nAs a result, our base case forecast projects total cost of sales of $214.5 billion, and total operating expenses of $43.9 billion for FY 2021. And a similar cost structure is expected to apply into FY 2026 to support Apple’s continued growth in its products and services categories, as well as across all geographic segments in which it currently operates in.\nSource: Author, with data from our internal financial forecasts.\nAltogether, our base case forecast projects FY 2021 net income of $94.8 billion, which represents year-over-year growth of 65%. The bottom line is forecasted for further growth at a CAGR of 7% into the next five years, resulting in projected net income of $132.5 billion by 2026.\nSource: Author, with data from our internal financial forecasts.\ni. Base Case Financial Projections:\nSource: Author, with data from our internal financial forecasts.\nAAPL Stock Valuation\nOur revised price target for Apple based on updated information from its recent earnings release is $170.91. This represents upside potential of 17.4% based on the last traded share price of $145.52 on August 2nd.\nSource: Author, with data from our internal valuation analysis.\nTo arrive at the $170.91 price target, we have applied a WACC of 8% to discount Apple’s projected free cash flows over a five-year discrete period; the WACC is consistent with Apple’s current risk profile and capital structure, which includes its latest four-part debt offering to taling $6.5 billion. Our valuation analysis also assumes a 19.7x EV/EBITDA multiple, which is in line with guideline public companies and precedent transactions within Apple’s industry peer group, and is reflective of current market expectations for Apple’s business growth potential in the long run.\ni. Base Case Valuation Analysis:\nSource: Author, with data from our internal valuation analysis.\nIn order to validate our foregoing analysis that the adverse impacts to sales resulting from supply constraints, moderated services segment revenues and less favourable FX are only temporary and will not materially change Apple’s upside potential, we have also performed a sensitivity analysis to quantify the impact to FY 2021 revenues needed to decrease our base case price target of $170.91 by 10%.\nBased on our sensitivity analysis, FY 2021 revenues of $301.5 billion with growth at a CAGR of 10% into 2026, while holding all other valuation assumptions (i.e. cost structure, WACC, EV/EBITDA multiple) discussed above constant, would result in a price target of $153.82, which is 10% lower than our base case price target of $170.91.\nConsidering year-to-date total net sales of $282.5 billion, Apple would only need to achieve total net sales of $19.0 billion for the September quarter to maintain a projected equity value of $2.5 trillion or $153.82 per share, which is highly unlikely even under supply constraint pressures and reduced services segment sales based on the company’s current growth trajectory. As such, we do not consider the near-term impacts related to supply constraints, moderated services segment revenues, and unfavourable FX a catalyst for permanent loss to Apple’s valuation.\ni. Revenue Sensitivity Analysis:\nSource: Author, with data from our internal valuation analysis.\nConclusion - Is AAPL Stock A Good Buy?\nConsidering Apple’s growth prospects, the recent price pullback makes a great buy opportunity for those looking to participate in the company’s long-term gains. The near-term headwinds related to industry-wide supply constraints and normalized services segment revenues are not expected to materially change Apple’s growth trajectory nor valuation in the long run.\nAny lost revenues in the September quarter will very likely be recouped when the supply chain restores its balance, considering the continued surge in demand for iPhones and iPads underpinned by ongoing 5G transition and the increasing need for versatile portable smart devices to enable online access at all times. As a global industry leader with successes achieved to date that very few could match, Apple is poised for further upside realization in the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029358000,"gmtCreate":1652743043401,"gmtModify":1676535150654,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029358000","repostId":"1181524715","repostType":4,"repost":{"id":"1181524715","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":1652709843,"share":"https://ttm.financial/m/news/1181524715?lang=&edition=fundamental","pubTime":"2022-05-16 22:04","market":"us","language":"en","title":"Hot Chinese ADRs Continued to Jump in Morning Trading, with iQiyi Rising Over 13% and Nio Rising Over 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1181524715","media":"Tiger Newspress","summary":"Hot Chinese ADRs continued to jump in morning trading, with iQiyi rising over 13% and Nio rising ove","content":"<html><head></head><body><p>Hot Chinese ADRs continued to jump in morning trading, with iQiyi rising over 13% and Nio rising over 3%.<img src=\"https://static.tigerbbs.com/1875f73fcb532984f4bbb29327efcdfa\" tg-width=\"318\" tg-height=\"281\" 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 Continued to Jump in Morning Trading, with iQiyi Rising Over 13% and Nio Rising Over 3%</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 Continued to Jump in Morning Trading, with iQiyi Rising Over 13% and Nio Rising Over 3%\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\">2022-05-16 22:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs continued to jump in morning trading, with iQiyi rising over 13% and Nio rising over 3%.<img src=\"https://static.tigerbbs.com/1875f73fcb532984f4bbb29327efcdfa\" tg-width=\"318\" tg-height=\"281\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IQ":"爱奇艺"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181524715","content_text":"Hot Chinese ADRs continued to jump in morning trading, with iQiyi rising over 13% and Nio rising over 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898982112,"gmtCreate":1628468545636,"gmtModify":1703506439215,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898982112","repostId":"1101851851","repostType":4,"repost":{"id":"1101851851","pubTimestamp":1628467943,"share":"https://ttm.financial/m/news/1101851851?lang=&edition=fundamental","pubTime":"2021-08-09 08:12","market":"us","language":"en","title":"Biden’s Electric-Car Ambitions Face Real-World Roadblocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1101851851","media":"The Wall Street Journal","summary":"Auto makers want congressional moves on charging stations and tax incentives; consumer support also ","content":"<p><i>Auto makers want congressional moves on charging stations and tax incentives; consumer support also is needed.</i></p>\n<p>WASHINGTON—President Biden wants to convert American motorists to electric cars as a linchpin of his plan to address&nbsp;climate change. Success heavily depends on factors outside his control.</p>\n<p>The executive order&nbsp;that Mr. Biden signed Thursday—calling on sales of electric, fuel-cell and plug-in hybrids to account for 50% of car and light truck sales by 2030—has no binding authority.</p>\n<p>Auto makers say they could meet a target of somewhere&nbsp;between 40% and 50% of sales, but only if Congress spends billions of dollars to build out a network of EV charging stations and provides tax incentives to consumers, among other measures.</p>\n<p>Beyond that,&nbsp;consumers must buy in. EVs currently account for about 3% of sales, reflecting in part generally higher upfront costs and limits on their range.</p>\n<p>“Possibly the biggest hurdle ahead is consumer acceptance,” said Jessica Caldwell, an analyst at auto-data firm Edmunds. “What will it take for Americans to be willing to change their car ownership habits to go electric?”</p>\n<p>Supporters of Mr. Biden’s plan acknowledge the magnitude of the task ahead but insist the goal is achievable.</p>\n<p>Tax incentives can help bridge the price difference between gasoline and electric vehicles at the dealership, these people say. Once purchased, electric vehicles&nbsp;offer continued savings&nbsp;in fuel and maintenance costs compared with gas vehicles, and often a better ride.</p>\n<p>A bigger national&nbsp;network of charging stations&nbsp;is also seen as key to alleviating fears of range anxiety, or running out of charge on the highway.</p>\n<p>Providing those solutions will require&nbsp;balancing a long list of interests, from industry, political parties, unions, environmentalists, regulators and local governments, among others.</p>\n<p>“That’s a Rubik’s cube of complexity,” said Larry Burns, a former GM executive and adviser to&nbsp;Alphabet&nbsp;Inc.’s&nbsp;self-driving affiliate Waymo. “And this scale is massive. So we have to have collective will to make this happen.”</p>\n<p>But Mr. Burns and others say the industry is ready to make the transition, spurred by government and international competition.</p>\n<p>Mr. Biden has made transportation a central part of his&nbsp;agenda on climate change. The sector is the country’s top source of greenhouse-gas emissions, contributing more than a quarter of the country’s planet-warming gases. And China has become a world leader in batteries and electric vehicles, a long-term threat to U.S. manufacturing.</p>\n<p>Mr. Biden’s most immediate impact will be through using the authority he does have at the Environmental Protection Agency. It is proposing new rules that would require auto makers to raise average fleetwide fuel efficiency to the equivalent of 52 miles per gallon by the 2026 model year, using an industry measure that takes both fuel efficiency and emissions reductions into account.</p>\n<p>That compares with the current requirement of 43.3 mpg for that model year under rules set last year by the Trump administration.</p>\n<p>Under the agency’s proposal, which is now subject to a public-comment period, auto makers would be allowed some increased flexibility to comply by using credits they banked in past years when they surpassed their sales goals under the fuel-efficiency requirements.</p>\n<p><i>‘There is going to be a massive dislocation...[President Biden] has to navigate through it and enforce the compromise.’</i></p>\n<p style=\"text-align:right;\"><i>— Bob Lutz, former auto executive</i></p>\n<p>That is likely to spur opposition from the left, with some environmentalists already saying the president is caving in to the auto industry. The EPA’s proposal would produce just 75% of efficiency gains that would have come from the original Obama-era rules, according to an analysis from Consumer Reports Inc., a nonprofit membership organization known for its product reviews.</p>\n<p>“There’s no doubt [the EPA proposal] is a big improvement over where we were,” said David Friedman, Consumer Reports’ vice president of advocacy. “But it doesn’t go as far as our technology can go, and both where consumers and the climate need us to go.”</p>\n<p>And the regulations themselves aren’t set in stone, said Mary Nichols, a former chairwoman of the California Air Resources Board and a pioneer of fuel-economy regulation.</p>\n<p>Mr. Biden is taking action now to toughen fuel-efficiency standards in large part because former President Donald Trump drastically relaxed standards first imposed by former President Barack Obama.</p>\n<p>“An administration that is determined to dismantle them can quickly shift course,” Ms. Nichols said.</p>\n<p>That makes Mr. Biden’s deal making with the auto makers important as an attempt to bulletproof his plan for the auto industry. The former GM executive Mr. Burns and other industry experts note that the major auto makers&nbsp;are already spending big&nbsp;to transform themselves, a major reason Mr. Biden’s plan might succeed.</p>\n<p>But it faces risks, too. Because it is voluntary, auto makers could still backtrack on their commitments, as&nbsp;they have done before. Congress has taken some of the tax credits and spending that the industry says it needs out of a pending bipartisan infrastructure package, leaving it for Democrats to consider for&nbsp;another spending billthat faces high hurdles to passage.</p>\n<p>There has been pushback from auto dealers fearful of the loss of lucrative maintenance work on traditional engines.</p>\n<p>Unions&nbsp;are fearful of job losses&nbsp;if the transition moves too quickly.</p>\n<p>Mr. Biden voiced his support for union workers throughout an event at the White House on Thursday where he signed the executive order, with executives from&nbsp;<a href=\"https://laohu8.com/S/F\">Ford</a>,&nbsp;<a href=\"https://laohu8.com/S/GM\">General Motors</a> and&nbsp;<a href=\"https://laohu8.com/S/STLA\">Stellantis NV</a> (formerly Fiat Chrysler)—all union shops—looking on.</p>\n<p>The White House left out foreign auto makers, including&nbsp;<a href=\"https://laohu8.com/S/TM\">Toyota</a>&nbsp;or&nbsp;Hyundai Motor&nbsp;Co., whose U.S. workforces aren’t union-represented, as well as&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>,&nbsp;the company that has led the way in building a market for EVs.</p>\n<p>The exclusion led to a rebuke from the American International Automobile Dealers Association, which noted that any policies that “prioritize some American auto workers above others…politicize what should be a shared mission,” making reaching the EV sales target more difficult.</p>\n<p>Bob Lutz, a former senior executive at Ford, Chrysler, BMW and GM, where he was vice chairman, said Mr. Biden has now put himself at the center of what could be a messy transition process, one that will upend the status quo as auto manufacturing shifts to EV technology.</p>\n<p>“There is going to be a massive dislocation,” especially for workers, Mr. Lutz said. “He has to navigate through it and enforce the compromise. If everybody is a little unhappy but willing to accept it, that’s what he’s shooting for.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden’s Electric-Car Ambitions Face Real-World Roadblocks</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\">\nBiden’s Electric-Car Ambitions Face Real-World Roadblocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/bidens-electric-car-ambitions-face-real-world-roadblocks-11628427780?mod=hp_lead_pos11><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Auto makers want congressional moves on charging stations and tax incentives; consumer support also is needed.\nWASHINGTON—President Biden wants to convert American motorists to electric cars as a ...</p>\n\n<a href=\"https://www.wsj.com/articles/bidens-electric-car-ambitions-face-real-world-roadblocks-11628427780?mod=hp_lead_pos11\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","GM":"通用汽车","TSLA":"特斯拉","TM":"丰田汽车","STLA":"Stellantis NV"},"source_url":"https://www.wsj.com/articles/bidens-electric-car-ambitions-face-real-world-roadblocks-11628427780?mod=hp_lead_pos11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101851851","content_text":"Auto makers want congressional moves on charging stations and tax incentives; consumer support also is needed.\nWASHINGTON—President Biden wants to convert American motorists to electric cars as a linchpin of his plan to address climate change. Success heavily depends on factors outside his control.\nThe executive order that Mr. Biden signed Thursday—calling on sales of electric, fuel-cell and plug-in hybrids to account for 50% of car and light truck sales by 2030—has no binding authority.\nAuto makers say they could meet a target of somewhere between 40% and 50% of sales, but only if Congress spends billions of dollars to build out a network of EV charging stations and provides tax incentives to consumers, among other measures.\nBeyond that, consumers must buy in. EVs currently account for about 3% of sales, reflecting in part generally higher upfront costs and limits on their range.\n“Possibly the biggest hurdle ahead is consumer acceptance,” said Jessica Caldwell, an analyst at auto-data firm Edmunds. “What will it take for Americans to be willing to change their car ownership habits to go electric?”\nSupporters of Mr. Biden’s plan acknowledge the magnitude of the task ahead but insist the goal is achievable.\nTax incentives can help bridge the price difference between gasoline and electric vehicles at the dealership, these people say. Once purchased, electric vehicles offer continued savings in fuel and maintenance costs compared with gas vehicles, and often a better ride.\nA bigger national network of charging stations is also seen as key to alleviating fears of range anxiety, or running out of charge on the highway.\nProviding those solutions will require balancing a long list of interests, from industry, political parties, unions, environmentalists, regulators and local governments, among others.\n“That’s a Rubik’s cube of complexity,” said Larry Burns, a former GM executive and adviser to Alphabet Inc.’s self-driving affiliate Waymo. “And this scale is massive. So we have to have collective will to make this happen.”\nBut Mr. Burns and others say the industry is ready to make the transition, spurred by government and international competition.\nMr. Biden has made transportation a central part of his agenda on climate change. The sector is the country’s top source of greenhouse-gas emissions, contributing more than a quarter of the country’s planet-warming gases. And China has become a world leader in batteries and electric vehicles, a long-term threat to U.S. manufacturing.\nMr. Biden’s most immediate impact will be through using the authority he does have at the Environmental Protection Agency. It is proposing new rules that would require auto makers to raise average fleetwide fuel efficiency to the equivalent of 52 miles per gallon by the 2026 model year, using an industry measure that takes both fuel efficiency and emissions reductions into account.\nThat compares with the current requirement of 43.3 mpg for that model year under rules set last year by the Trump administration.\nUnder the agency’s proposal, which is now subject to a public-comment period, auto makers would be allowed some increased flexibility to comply by using credits they banked in past years when they surpassed their sales goals under the fuel-efficiency requirements.\n‘There is going to be a massive dislocation...[President Biden] has to navigate through it and enforce the compromise.’\n— Bob Lutz, former auto executive\nThat is likely to spur opposition from the left, with some environmentalists already saying the president is caving in to the auto industry. The EPA’s proposal would produce just 75% of efficiency gains that would have come from the original Obama-era rules, according to an analysis from Consumer Reports Inc., a nonprofit membership organization known for its product reviews.\n“There’s no doubt [the EPA proposal] is a big improvement over where we were,” said David Friedman, Consumer Reports’ vice president of advocacy. “But it doesn’t go as far as our technology can go, and both where consumers and the climate need us to go.”\nAnd the regulations themselves aren’t set in stone, said Mary Nichols, a former chairwoman of the California Air Resources Board and a pioneer of fuel-economy regulation.\nMr. Biden is taking action now to toughen fuel-efficiency standards in large part because former President Donald Trump drastically relaxed standards first imposed by former President Barack Obama.\n“An administration that is determined to dismantle them can quickly shift course,” Ms. Nichols said.\nThat makes Mr. Biden’s deal making with the auto makers important as an attempt to bulletproof his plan for the auto industry. The former GM executive Mr. Burns and other industry experts note that the major auto makers are already spending big to transform themselves, a major reason Mr. Biden’s plan might succeed.\nBut it faces risks, too. Because it is voluntary, auto makers could still backtrack on their commitments, as they have done before. Congress has taken some of the tax credits and spending that the industry says it needs out of a pending bipartisan infrastructure package, leaving it for Democrats to consider for another spending billthat faces high hurdles to passage.\nThere has been pushback from auto dealers fearful of the loss of lucrative maintenance work on traditional engines.\nUnions are fearful of job losses if the transition moves too quickly.\nMr. Biden voiced his support for union workers throughout an event at the White House on Thursday where he signed the executive order, with executives from Ford, General Motors and Stellantis NV (formerly Fiat Chrysler)—all union shops—looking on.\nThe White House left out foreign auto makers, including Toyota or Hyundai Motor Co., whose U.S. workforces aren’t union-represented, as well as Tesla Motors, the company that has led the way in building a market for EVs.\nThe exclusion led to a rebuke from the American International Automobile Dealers Association, which noted that any policies that “prioritize some American auto workers above others…politicize what should be a shared mission,” making reaching the EV sales target more difficult.\nBob Lutz, a former senior executive at Ford, Chrysler, BMW and GM, where he was vice chairman, said Mr. Biden has now put himself at the center of what could be a messy transition process, one that will upend the status quo as auto manufacturing shifts to EV technology.\n“There is going to be a massive dislocation,” especially for workers, Mr. Lutz said. “He has to navigate through it and enforce the compromise. If everybody is a little unhappy but willing to accept it, that’s what he’s shooting for.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9058168396,"gmtCreate":1654816356915,"gmtModify":1676535513914,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Dip to buy?","listText":"Dip to buy?","text":"Dip to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9058168396","repostId":"1102390721","repostType":4,"repost":{"id":"1102390721","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1654786710,"share":"https://ttm.financial/m/news/1102390721?lang=&edition=fundamental","pubTime":"2022-06-09 22:58","market":"us","language":"en","title":"Apple's Sales of Macs, Other Hardware May Be Slowing, Its Stock Is Dropping","url":"https://stock-news.laohu8.com/highlight/detail?id=1102390721","media":"Dow Jones","summary":"U.S. consumer demand for Apple products showed signs of slowing in May, according to new data from K","content":"<html><head></head><body><p>U.S. consumer demand for Apple products showed signs of slowing in May, according to new data from KeyBanc Capital Markets.</p><p>Credit card transaction data reviewed by analyst Brandon Nispel suggest that spending for Apple hardware fell by 8% month over month in May, the weakest May data point since KeyBanc began tracking in 2016.</p><p>May’s figure was below the previous three-year average of a 10% increase in spending during the month. April tends to be the weakest month of the quarter, Nispel added, but May appears to be tracking lower as well.</p><p>“Our data is beginning to show some softening U.S. trends, which we believe poses risks to our estimates,” Nispel wrote. “We believe we could be too high for Mac due to an air-pocket in demand in anticipation of the new MacBook Air launch, as well as some modest downside from supply constraints and soft demand from China.”</p><p>Apple recently unveiled a few new hardware and software products at its keynote conference earlier this week, including new MacBooks with a new chip.</p><p>Concerns over the health of the consumer have increased over the last year as the Federal Reserve continues to tighten monetary policy to curb inflation, fueling fears of a looming recession. In recessionary environments, consumers tend to cut back on discretionary spending and luxury purchases, all trends that would not bode well for Apple. It doesn’t help that consumers have begun to favor spending on services rather than goods after two years of pent-up demand.</p><p>Analysts have generally remained optimistic about Apple stock despite these worries. Nispel, for example, maintained an Overweight rating on the stock, saying he continued to see growth and margin upside, as well as potential for new products and services.</p><p>But investors are more skeptical, with the stock declining 17% this year. In addition to overall recessionary fears, Apple has been struggling with supply-chain issues due to Covid-19 lockdowns in China that have slowed down manufacturing, making it difficult for the company to keep up with current demand.</p><p>Shares of Apple were down 1.07% to $146.638 on Thursday.</p><p><img src=\"https://static.tigerbbs.com/0bba69fb7341abdeba288f3b34a78b78\" tg-width=\"818\" tg-height=\"668\" 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>Apple's Sales of Macs, Other Hardware May Be Slowing, Its Stock Is Dropping</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\">\nApple's Sales of Macs, Other Hardware May Be Slowing, Its Stock Is Dropping\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-09 22:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. consumer demand for Apple products showed signs of slowing in May, according to new data from KeyBanc Capital Markets.</p><p>Credit card transaction data reviewed by analyst Brandon Nispel suggest that spending for Apple hardware fell by 8% month over month in May, the weakest May data point since KeyBanc began tracking in 2016.</p><p>May’s figure was below the previous three-year average of a 10% increase in spending during the month. April tends to be the weakest month of the quarter, Nispel added, but May appears to be tracking lower as well.</p><p>“Our data is beginning to show some softening U.S. trends, which we believe poses risks to our estimates,” Nispel wrote. “We believe we could be too high for Mac due to an air-pocket in demand in anticipation of the new MacBook Air launch, as well as some modest downside from supply constraints and soft demand from China.”</p><p>Apple recently unveiled a few new hardware and software products at its keynote conference earlier this week, including new MacBooks with a new chip.</p><p>Concerns over the health of the consumer have increased over the last year as the Federal Reserve continues to tighten monetary policy to curb inflation, fueling fears of a looming recession. In recessionary environments, consumers tend to cut back on discretionary spending and luxury purchases, all trends that would not bode well for Apple. It doesn’t help that consumers have begun to favor spending on services rather than goods after two years of pent-up demand.</p><p>Analysts have generally remained optimistic about Apple stock despite these worries. Nispel, for example, maintained an Overweight rating on the stock, saying he continued to see growth and margin upside, as well as potential for new products and services.</p><p>But investors are more skeptical, with the stock declining 17% this year. In addition to overall recessionary fears, Apple has been struggling with supply-chain issues due to Covid-19 lockdowns in China that have slowed down manufacturing, making it difficult for the company to keep up with current demand.</p><p>Shares of Apple were down 1.07% to $146.638 on Thursday.</p><p><img src=\"https://static.tigerbbs.com/0bba69fb7341abdeba288f3b34a78b78\" tg-width=\"818\" tg-height=\"668\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102390721","content_text":"U.S. consumer demand for Apple products showed signs of slowing in May, according to new data from KeyBanc Capital Markets.Credit card transaction data reviewed by analyst Brandon Nispel suggest that spending for Apple hardware fell by 8% month over month in May, the weakest May data point since KeyBanc began tracking in 2016.May’s figure was below the previous three-year average of a 10% increase in spending during the month. April tends to be the weakest month of the quarter, Nispel added, but May appears to be tracking lower as well.“Our data is beginning to show some softening U.S. trends, which we believe poses risks to our estimates,” Nispel wrote. “We believe we could be too high for Mac due to an air-pocket in demand in anticipation of the new MacBook Air launch, as well as some modest downside from supply constraints and soft demand from China.”Apple recently unveiled a few new hardware and software products at its keynote conference earlier this week, including new MacBooks with a new chip.Concerns over the health of the consumer have increased over the last year as the Federal Reserve continues to tighten monetary policy to curb inflation, fueling fears of a looming recession. In recessionary environments, consumers tend to cut back on discretionary spending and luxury purchases, all trends that would not bode well for Apple. It doesn’t help that consumers have begun to favor spending on services rather than goods after two years of pent-up demand.Analysts have generally remained optimistic about Apple stock despite these worries. Nispel, for example, maintained an Overweight rating on the stock, saying he continued to see growth and margin upside, as well as potential for new products and services.But investors are more skeptical, with the stock declining 17% this year. In addition to overall recessionary fears, Apple has been struggling with supply-chain issues due to Covid-19 lockdowns in China that have slowed down manufacturing, making it difficult for the company to keep up with current demand.Shares of Apple were down 1.07% to $146.638 on Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817943138,"gmtCreate":1630900987724,"gmtModify":1676530416440,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/817943138","repostId":"1110543090","repostType":4,"repost":{"id":"1110543090","pubTimestamp":1630896222,"share":"https://ttm.financial/m/news/1110543090?lang=&edition=fundamental","pubTime":"2021-09-06 10:43","market":"us","language":"en","title":"2 Top Growth Stocks to Buy in September","url":"https://stock-news.laohu8.com/highlight/detail?id=1110543090","media":"Motley Fool","summary":"Amazon and Fiverr look locked, loaded, and ready to outperform.","content":"<p><b>Key Points</b></p>\n<ul>\n <li>Growth stocks are an excellent way to boost your portfolio.</li>\n <li>Amazon has a strong competitive moat in digital advertising.</li>\n <li>The pandemic-related slowdown hasn't changed Fiverr's long-term potential.</li>\n</ul>\n<p>The world is going digital, and the companies that maintain high growth rates tend to be part of that transformation. Let's explore the reasons why e-commerce giant&nbsp;<b>Amazon</b>&nbsp;(NASDAQ:AMZN)and freelancing platform&nbsp;<b>Fiverr</b>&nbsp;(NYSE:FVRR)&nbsp;have what it takes to&nbsp;turbocharge your portfolio.</p>\n<p><b>1. Amazon.com</b></p>\n<p>With a&nbsp;market cap&nbsp;of $1.8 trillion, Amazon has been growing for a long time. But the ride is far from over. While the company's core e-commerce and cloud computing operations have decelerated from pandemic highs, it still enjoys a massive opportunity in digital advertising, which can help support growth for decades to come.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ec24c60e4d841fadc98e9c107d3c8c9\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p>Second-quarter net sales jumped 27% year over year to $113 billion, while net income increased 48% to $7.8 billion. Those are solid numbers for any company, especially one already as large as Amazon. But they represent a significant deceleration from 2020 when second-quarter sales rose 40% against the prior-year period. The easing of the pandemic restrictions subdued online shopping activity and brought workers back to the office, softening demand for Amazon's AWS service.</p>\n<p>That said, the slowdown isn't a big deal for long-term investors because Amazon has another ace up its sleeve. According to Loop Capital, its advertising segment is now 2.4 times bigger than that of&nbsp;<b>Snap</b>,<b>Twitter</b>,<b>Roku</b>, and&nbsp;<b>Pinterest</b>&nbsp;combined. And its userbase of 300 million active users, shopping data, and a captive audience of merchants gives it competitive moat rivals will struggle to replicate.</p>\n<p>Amazon's \"other\" revenue segment (primarily advertising) surged 87% year over year to $7.9 billion in the second quarter.</p>\n<p>With a trailing price-to-earnings (P/E) multiple of just 60, Amazon stock looks like a fair deal -- just from its industry-leading e-commerce and cloud computing businesses, which are still growing very fast.&nbsp;But shares look like a bargain considering the company's potential to also dominate digital advertising.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7335c0ef8186641b897536c23e689f83\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p><b>2. Fiverr</b></p>\n<p>Do you want to get in early on a transformational megatrend? Look no further than Fiverr. Like Amazon, this freelance marketplace has slowed down as the pandemic's effects have faded. But the stock price dip is a buying opportunity because the company's long-term thesis (as an unbeatable way to bet on&nbsp;the gig economy) remains unchanged.</p>\n<p>Fiverr shares are down around 20% since the company reported second-quarter earnings on Aug. 5. Revenue grew 60% year over year to $75.3 million, but management lowered its sales guidance to approximately $284 million (down from as much as $308 million) as consumers travel more and spend less time online.&nbsp;Fiverr's unique business model and massive business opportunity can still create value for investors, despite near-term challenges.</p>\n<p>Management believes Fiverr has a total addressable market worth $115 billion of yearly sales as freelancing activity migrates online. The company can capture market share through its streamlined 'service as a product' business model in which freelancers generally advertise their skills instead of clients advertising jobs. Fiverr is also expanding through synergistic acquisitions like Working Not Working, a creative talent platform acquired in February.</p>\n<p>With a market cap of $6.6 billion, Fiverr trades for around 23 times expected sales (at the upper bound of guidance), which is high. But the stock is worth a premium considering its rapid top-line expansion, massive addressable market, and potential for profit growth in the future.</p>\n<p><b>You get what you pay for</b></p>\n<p>Growth stocks tend to trade for high multiples compared to their current revenue and earnings. That's because investors expect sales and profits to grow substantially over the long term. While Amazon and Fiverr boast relatively high valuations, Amazon looks like the safer bet because of its mature business and lower valuation of 60 times trailing earnings. With a P/S ratio of 23 and no profits yet, Fiverr will have to work much harder to justify its price tag -- but the payoff could be huge in the long run.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Top Growth Stocks to Buy in September</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Top Growth Stocks to Buy in September\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 10:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/05/2-top-growth-stocks-to-buy-in-september/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nGrowth stocks are an excellent way to boost your portfolio.\nAmazon has a strong competitive moat in digital advertising.\nThe pandemic-related slowdown hasn't changed Fiverr's long-term ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/05/2-top-growth-stocks-to-buy-in-september/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FVRR":"Fiverr International Ltd.","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2021/09/05/2-top-growth-stocks-to-buy-in-september/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110543090","content_text":"Key Points\n\nGrowth stocks are an excellent way to boost your portfolio.\nAmazon has a strong competitive moat in digital advertising.\nThe pandemic-related slowdown hasn't changed Fiverr's long-term potential.\n\nThe world is going digital, and the companies that maintain high growth rates tend to be part of that transformation. Let's explore the reasons why e-commerce giant Amazon (NASDAQ:AMZN)and freelancing platform Fiverr (NYSE:FVRR) have what it takes to turbocharge your portfolio.\n1. Amazon.com\nWith a market cap of $1.8 trillion, Amazon has been growing for a long time. But the ride is far from over. While the company's core e-commerce and cloud computing operations have decelerated from pandemic highs, it still enjoys a massive opportunity in digital advertising, which can help support growth for decades to come.\nIMAGE SOURCE: GETTY IMAGES.\nSecond-quarter net sales jumped 27% year over year to $113 billion, while net income increased 48% to $7.8 billion. Those are solid numbers for any company, especially one already as large as Amazon. But they represent a significant deceleration from 2020 when second-quarter sales rose 40% against the prior-year period. The easing of the pandemic restrictions subdued online shopping activity and brought workers back to the office, softening demand for Amazon's AWS service.\nThat said, the slowdown isn't a big deal for long-term investors because Amazon has another ace up its sleeve. According to Loop Capital, its advertising segment is now 2.4 times bigger than that of Snap,Twitter,Roku, and Pinterest combined. And its userbase of 300 million active users, shopping data, and a captive audience of merchants gives it competitive moat rivals will struggle to replicate.\nAmazon's \"other\" revenue segment (primarily advertising) surged 87% year over year to $7.9 billion in the second quarter.\nWith a trailing price-to-earnings (P/E) multiple of just 60, Amazon stock looks like a fair deal -- just from its industry-leading e-commerce and cloud computing businesses, which are still growing very fast. But shares look like a bargain considering the company's potential to also dominate digital advertising.\nIMAGE SOURCE: GETTY IMAGES.\n2. Fiverr\nDo you want to get in early on a transformational megatrend? Look no further than Fiverr. Like Amazon, this freelance marketplace has slowed down as the pandemic's effects have faded. But the stock price dip is a buying opportunity because the company's long-term thesis (as an unbeatable way to bet on the gig economy) remains unchanged.\nFiverr shares are down around 20% since the company reported second-quarter earnings on Aug. 5. Revenue grew 60% year over year to $75.3 million, but management lowered its sales guidance to approximately $284 million (down from as much as $308 million) as consumers travel more and spend less time online. Fiverr's unique business model and massive business opportunity can still create value for investors, despite near-term challenges.\nManagement believes Fiverr has a total addressable market worth $115 billion of yearly sales as freelancing activity migrates online. The company can capture market share through its streamlined 'service as a product' business model in which freelancers generally advertise their skills instead of clients advertising jobs. Fiverr is also expanding through synergistic acquisitions like Working Not Working, a creative talent platform acquired in February.\nWith a market cap of $6.6 billion, Fiverr trades for around 23 times expected sales (at the upper bound of guidance), which is high. But the stock is worth a premium considering its rapid top-line expansion, massive addressable market, and potential for profit growth in the future.\nYou get what you pay for\nGrowth stocks tend to trade for high multiples compared to their current revenue and earnings. That's because investors expect sales and profits to grow substantially over the long term. While Amazon and Fiverr boast relatively high valuations, Amazon looks like the safer bet because of its mature business and lower valuation of 60 times trailing earnings. With a P/S ratio of 23 and no profits yet, Fiverr will have to work much harder to justify its price tag -- but the payoff could be huge in the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808975375,"gmtCreate":1627554182597,"gmtModify":1703492250283,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Hope is Good","listText":"Hope is Good","text":"Hope is Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808975375","repostId":"1108176649","repostType":4,"repost":{"id":"1108176649","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":1627551538,"share":"https://ttm.financial/m/news/1108176649?lang=&edition=fundamental","pubTime":"2021-07-29 17:38","market":"us","language":"en","title":"China's Didi denies 'rumour' that it could go private","url":"https://stock-news.laohu8.com/highlight/detail?id=1108176649","media":"Tiger Newspress","summary":"Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private","content":"<p>Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private was not true.The company issued its statement shortly after a report in the Wall Street Journal said that Didi was considering going private to placate Chinese authorities and compensate investor losses following its recent initial public offering.</p>\n<p>Didi Global shares narrowed to 17% after rising more than 40% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/100d707799c7a8b795f464a07dc64ae2\" tg-width=\"903\" tg-height=\"642\" width=\"100%\" height=\"auto\"></p>\n<p>Ride-hailing giant&nbsp;Didi Global&nbsp;Inc.&nbsp;is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.</p>\n<p>The Beijing-headquartered company has been in discussions with bankers, regulators and key investors about how it could resolve some of the problems that emerged after Didi listed on the New York Stock Exchange on June 30, the people said. A take-private deal that would involve a tender offer for its publicly traded shares is one of the preliminary options being considered, they added.</p>\n<p>Didi raised about $4.4 billion in its initial public offering after selling American depositary shares at $14 apiece, in the biggest stock sale by a Chinese company since the 2014 blockbuster listing of&nbsp;Alibaba Group Holding&nbsp;Ltd.</p>\n<p>Its shares briefly topped $18 in their first days of trading, before the Cyberspace Administration of China stunned investors and the company on July 2 by&nbsp;launching a data-security probe&nbsp;into Didi and blocking its China business from adding new users. Two days later, the cybersecurity regulator told app-store operators to&nbsp;take down&nbsp;the company’s popular Chinese mobile app.</p>\n<p>The crackdown worsened on July 9, when 25 more Didi apps—including ones used by drivers—were ordered to be removed from app stores, potentially crippling the company’s operations. China also said in early July that it would&nbsp;tighten rules&nbsp;for companies selling shares abroad, signaling its displeasure with recent listings by Didi and others.</p>\n<p>The unexpected moves caused Didi’s shares to plunge below their IPO price. They closed at $8.87 on Wednesday, giving the company a market capitalization of about $43 billion, according to FactSet.</p>\n<p>Numerous U.S. law firms that represent Didi shareholders who lost money have filed securities class-action lawsuits against the company, its IPO underwriters and board. The suits in many cases have alleged that false and misleading statements were made before the company’s IPO, which was led by units of&nbsp;Goldman Sachs Group&nbsp;Inc.,Morgan Stanley&nbsp;and&nbsp;JPMorgan Chase&amp; Co.</p>\n<p>Weeks before Didi went public, China’s security watchdog suggested to the company that it&nbsp;delay its listing plans&nbsp;and conduct a thorough examination of its network security, The Wall Street Journal reported. Despite the regulator’s suggestion—which the company never disclosed—Didi went ahead with its listing plans.</p>\n<p>Didi started contemplating the go-private plan around mid-July after the regulatory actions escalated, according to people familiar with the matter.</p>\n<p>A take-private offer could be funded partly or predominantly with money that Didi raised from U.S. and global investors in the IPO. The price that the company would offer to investors has yet to be determined, but it could be around or above the $14-per-share IPO price, one of the people said.</p>\n<p>Didi has asked its major underwriters to gauge investors’ views regarding a privatization plan, as well as the pricing range that they would accept, the people said.</p>\n<p>The plan is still under deliberation and would need approval from Didi’s board and major pre-IPO investors including&nbsp;SoftBank Group&nbsp;Corp.’s&nbsp;Vision Fund.</p>\n<p>CAC, the cybersecurity watchdog, is supportive of the privatization plan in principle, according to one of the people. SoftBank is unlikely to help fund a deal, the person said. The Japanese conglomerate’s first Vision Fund previously poured about $12 billion into Didi and holds a 20% stake in the company.</p>\n<p>Representatives of Didi, SoftBank, the CAC and the banks didn’t immediately respond to requests for comment.</p>\n<p>Didi is also considering bringing in state-backed investors who could help finance the deal and help guide the company as it tries to remedy its data-security issues, according to people familiar with the matter.</p>\n<p>The cybersecurity watchdog said earlier this month that there were serious problems involving the illegal collection of personal data by the company, and instructed Didi Chuxing, its China business, to address the issues to “ensure the safety of the personal information of users.”</p>\n<p>Didi said at the time that it “sincerely accepts and firmly obeys the requirements made by relevant authorities.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi denies 'rumour' that it could go private</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\">\nChina's Didi denies 'rumour' that it could go private\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-29 17:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private was not true.The company issued its statement shortly after a report in the Wall Street Journal said that Didi was considering going private to placate Chinese authorities and compensate investor losses following its recent initial public offering.</p>\n<p>Didi Global shares narrowed to 17% after rising more than 40% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/100d707799c7a8b795f464a07dc64ae2\" tg-width=\"903\" tg-height=\"642\" width=\"100%\" height=\"auto\"></p>\n<p>Ride-hailing giant&nbsp;Didi Global&nbsp;Inc.&nbsp;is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.</p>\n<p>The Beijing-headquartered company has been in discussions with bankers, regulators and key investors about how it could resolve some of the problems that emerged after Didi listed on the New York Stock Exchange on June 30, the people said. A take-private deal that would involve a tender offer for its publicly traded shares is one of the preliminary options being considered, they added.</p>\n<p>Didi raised about $4.4 billion in its initial public offering after selling American depositary shares at $14 apiece, in the biggest stock sale by a Chinese company since the 2014 blockbuster listing of&nbsp;Alibaba Group Holding&nbsp;Ltd.</p>\n<p>Its shares briefly topped $18 in their first days of trading, before the Cyberspace Administration of China stunned investors and the company on July 2 by&nbsp;launching a data-security probe&nbsp;into Didi and blocking its China business from adding new users. Two days later, the cybersecurity regulator told app-store operators to&nbsp;take down&nbsp;the company’s popular Chinese mobile app.</p>\n<p>The crackdown worsened on July 9, when 25 more Didi apps—including ones used by drivers—were ordered to be removed from app stores, potentially crippling the company’s operations. China also said in early July that it would&nbsp;tighten rules&nbsp;for companies selling shares abroad, signaling its displeasure with recent listings by Didi and others.</p>\n<p>The unexpected moves caused Didi’s shares to plunge below their IPO price. They closed at $8.87 on Wednesday, giving the company a market capitalization of about $43 billion, according to FactSet.</p>\n<p>Numerous U.S. law firms that represent Didi shareholders who lost money have filed securities class-action lawsuits against the company, its IPO underwriters and board. The suits in many cases have alleged that false and misleading statements were made before the company’s IPO, which was led by units of&nbsp;Goldman Sachs Group&nbsp;Inc.,Morgan Stanley&nbsp;and&nbsp;JPMorgan Chase&amp; Co.</p>\n<p>Weeks before Didi went public, China’s security watchdog suggested to the company that it&nbsp;delay its listing plans&nbsp;and conduct a thorough examination of its network security, The Wall Street Journal reported. Despite the regulator’s suggestion—which the company never disclosed—Didi went ahead with its listing plans.</p>\n<p>Didi started contemplating the go-private plan around mid-July after the regulatory actions escalated, according to people familiar with the matter.</p>\n<p>A take-private offer could be funded partly or predominantly with money that Didi raised from U.S. and global investors in the IPO. The price that the company would offer to investors has yet to be determined, but it could be around or above the $14-per-share IPO price, one of the people said.</p>\n<p>Didi has asked its major underwriters to gauge investors’ views regarding a privatization plan, as well as the pricing range that they would accept, the people said.</p>\n<p>The plan is still under deliberation and would need approval from Didi’s board and major pre-IPO investors including&nbsp;SoftBank Group&nbsp;Corp.’s&nbsp;Vision Fund.</p>\n<p>CAC, the cybersecurity watchdog, is supportive of the privatization plan in principle, according to one of the people. SoftBank is unlikely to help fund a deal, the person said. The Japanese conglomerate’s first Vision Fund previously poured about $12 billion into Didi and holds a 20% stake in the company.</p>\n<p>Representatives of Didi, SoftBank, the CAC and the banks didn’t immediately respond to requests for comment.</p>\n<p>Didi is also considering bringing in state-backed investors who could help finance the deal and help guide the company as it tries to remedy its data-security issues, according to people familiar with the matter.</p>\n<p>The cybersecurity watchdog said earlier this month that there were serious problems involving the illegal collection of personal data by the company, and instructed Didi Chuxing, its China business, to address the issues to “ensure the safety of the personal information of users.”</p>\n<p>Didi said at the time that it “sincerely accepts and firmly obeys the requirements made by relevant authorities.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108176649","content_text":"Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private was not true.The company issued its statement shortly after a report in the Wall Street Journal said that Didi was considering going private to placate Chinese authorities and compensate investor losses following its recent initial public offering.\nDidi Global shares narrowed to 17% after rising more than 40% in premarket trading.\n\nRide-hailing giant Didi Global Inc. is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.\nThe Beijing-headquartered company has been in discussions with bankers, regulators and key investors about how it could resolve some of the problems that emerged after Didi listed on the New York Stock Exchange on June 30, the people said. A take-private deal that would involve a tender offer for its publicly traded shares is one of the preliminary options being considered, they added.\nDidi raised about $4.4 billion in its initial public offering after selling American depositary shares at $14 apiece, in the biggest stock sale by a Chinese company since the 2014 blockbuster listing of Alibaba Group Holding Ltd.\nIts shares briefly topped $18 in their first days of trading, before the Cyberspace Administration of China stunned investors and the company on July 2 by launching a data-security probe into Didi and blocking its China business from adding new users. Two days later, the cybersecurity regulator told app-store operators to take down the company’s popular Chinese mobile app.\nThe crackdown worsened on July 9, when 25 more Didi apps—including ones used by drivers—were ordered to be removed from app stores, potentially crippling the company’s operations. China also said in early July that it would tighten rules for companies selling shares abroad, signaling its displeasure with recent listings by Didi and others.\nThe unexpected moves caused Didi’s shares to plunge below their IPO price. They closed at $8.87 on Wednesday, giving the company a market capitalization of about $43 billion, according to FactSet.\nNumerous U.S. law firms that represent Didi shareholders who lost money have filed securities class-action lawsuits against the company, its IPO underwriters and board. The suits in many cases have alleged that false and misleading statements were made before the company’s IPO, which was led by units of Goldman Sachs Group Inc.,Morgan Stanley and JPMorgan Chase& Co.\nWeeks before Didi went public, China’s security watchdog suggested to the company that it delay its listing plans and conduct a thorough examination of its network security, The Wall Street Journal reported. Despite the regulator’s suggestion—which the company never disclosed—Didi went ahead with its listing plans.\nDidi started contemplating the go-private plan around mid-July after the regulatory actions escalated, according to people familiar with the matter.\nA take-private offer could be funded partly or predominantly with money that Didi raised from U.S. and global investors in the IPO. The price that the company would offer to investors has yet to be determined, but it could be around or above the $14-per-share IPO price, one of the people said.\nDidi has asked its major underwriters to gauge investors’ views regarding a privatization plan, as well as the pricing range that they would accept, the people said.\nThe plan is still under deliberation and would need approval from Didi’s board and major pre-IPO investors including SoftBank Group Corp.’s Vision Fund.\nCAC, the cybersecurity watchdog, is supportive of the privatization plan in principle, according to one of the people. SoftBank is unlikely to help fund a deal, the person said. The Japanese conglomerate’s first Vision Fund previously poured about $12 billion into Didi and holds a 20% stake in the company.\nRepresentatives of Didi, SoftBank, the CAC and the banks didn’t immediately respond to requests for comment.\nDidi is also considering bringing in state-backed investors who could help finance the deal and help guide the company as it tries to remedy its data-security issues, according to people familiar with the matter.\nThe cybersecurity watchdog said earlier this month that there were serious problems involving the illegal collection of personal data by the company, and instructed Didi Chuxing, its China business, to address the issues to “ensure the safety of the personal information of users.”\nDidi said at the time that it “sincerely accepts and firmly obeys the requirements made by relevant authorities.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958822597,"gmtCreate":1673695869420,"gmtModify":1676538875610,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"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/9958822597","isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927339915,"gmtCreate":1672392634337,"gmtModify":1676538684150,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Let's join and win","listText":"Let's join and win","text":"Let's join and win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927339915","isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886837710,"gmtCreate":1631579401130,"gmtModify":1676530579460,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886837710","repostId":"1171919128","repostType":4,"repost":{"id":"1171919128","pubTimestamp":1631547161,"share":"https://ttm.financial/m/news/1171919128?lang=&edition=fundamental","pubTime":"2021-09-13 23:32","market":"us","language":"en","title":"Apple App Store: The Tide Is Turning","url":"https://stock-news.laohu8.com/highlight/detail?id=1171919128","media":"seekingalpha","summary":"Summary\n\nA US Federal District Court judge has ruled mostly in Apple’s favor in their case with Epic","content":"<p><b>Summary</b></p>\n<ul>\n <li>A US Federal District Court judge has ruled mostly in Apple’s favor in their case with Epic Games.</li>\n <li>Despite that, and in conjunction with a recent settlement with Japanese regulators, Apple will be getting rid of their anti-steering rule. This is a bigger change than people think.</li>\n <li>The threat to Apple doesn't end with the Epic trial. There are bigger threats coming from the executive and legislative branches in the US, and regulators in Europe and Asia.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/323e8503a813d4996ee819f5591992b8\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Chip Somodevilla/Getty Images News</span></p>\n<p><b>It Does Not End Here</b></p>\n<p>For&nbsp;some time now, I&nbsp;have been warning&nbsp;that&nbsp;antitrust law was about to change, and these changes would not be favorable to Apple(NASDAQ:AAPL), and that investors need to take these threats seriously. In every one of these attempts, I was rebuffed in the comments by many Apple shareholders telling me that these fears and warnings were overblown. “Long and strong AAPL!” cheerleading seems to be popular.Confirmation bias&nbsp;is a strong thing, and you should fight it every single day.</p>\n<p>My last attempt was&nbsp;less than two weeks ago, and I was similarly dismissed, and even accused of being a short-selling tout to boot. That last suggestion is pretty funny to anyone who has had to listen to me drone on about Apple stock the last 16 years. The consequence of those 16 years is that I have a lot of Apple stock, so I take things like this very seriously.</p>\n<p>Friday’s decision in Epic v. Apple had one part very bad news for Apple, but mostly a rejection of Epic’s main claim — that iOS is a market unto itself. But the bigger threat continues to be from Congress, where they can change the law in a single session. The House has already passed several bipartisan bills through committee, and three of them seem to have pretty wide support with the rest of the House. A narrower, but just as damaging companion bill is about to start working its way through the Senate. Keep your eyes on Amy Klobuchar of Minnesota and Mike Lee of Utah.</p>\n<p>Then we have regulatory action in the EU, Apple’s second most important region, where antitrust enforcers are siding with Spotify(NYSE:SPOT)in their dispute over in-app payments. Apple has already settled with Japan over their anti-steering rules. South Korea is forcing Apple and Google(NASDAQ:GOOGL)(NASDAQ:GOOG)to allow third-party in-app payments. China is a black hole of regulatory mystery.</p>\n<p>The tide is turning on Apple on this issue. If you think this begins and ends with the Epic case, you haven’t been paying attention.</p>\n<p>Right now the threat is confined to App Store, but this is the end of the beginning, not the beginning of the end. This new antitrust movement may come for other parts of Apple, like the other pillar of their fast-growing Services segment, AppleCare, and even dig deeper into the way Apple likes to do business.</p>\n<p><b>What The Ruling Says</b></p>\n<p>Judge Yvonne Gonzalez Rogers hewed very closely to existing law, because that’s what usually happens in District Court, the lowest level of the federal system. She mostly had bad news for Epic, and targeted bad news for Apple.</p>\n<p>The case rested on how the court defined the “relevant market” in question. Epic wanted it to be iOS, a market unto itself because of the high walls Apple builds around the ecosystem. Judge Rogers rejected that novel claim pretty handily. But she also rejected Apple’s definition: all gaming transactions, including PCs and consoles. She settled on mobile gaming transactions, so essentially the iOS-Android duopoly of mobile gaming transactions.</p>\n<p>Here is the meat of the decision that follows from that:</p>\n<blockquote>\n Given the trial record, the Court cannot ultimately conclude that Apple is a monopolist under either federal or state antitrust laws. While the Court finds that Apple enjoys considerable market share of over 55% and extraordinarily high profit margins, these factors alone do not show antitrust conduct. Success is not illegal…\n</blockquote>\n<blockquote>\n Nonetheless, the trial did show that Apple is engaging in anticompetitive conduct under California’s competition laws. The Court concludes that Apple’s anti-steering provisions hide critical information from consumers and illegally stifle consumer choice. When coupled with Apple’s incipient antitrust violations, these anti-steering provisions are anticompetitive and a nationwide remedy to eliminate those provisions is warranted.\n</blockquote>\n<p>The most important thing to note here is that the problem for Apple is California law, not federal law. Federal law changing is where the real threat remains, and we are already well into that process.</p>\n<p>Judge Rogers ruled that Apple has to get rid of their anti-steering rules. App developers will now be allowed to inform users of less expensive options on their website, with a link. We’ll talk about the implications in a moment. Apple charges developers 30% for in-app payments, and the first year of in-app subscriptions (15% thereafter). In-app payments and subscriptions are substantially where all of App Store revenue comes from, about 28% of the Services segment and 5.4% of all revenue in calendar 2020.</p>\n<p>Also, in the category of rounding errors, Epic has to pay Apple the $3.6 million they owe them when they breached their contract. That’s about 0.001% of Apple’s 2021 top line.</p>\n<p><b>Epic’s Game</b></p>\n<p>If you read&nbsp;my first article&nbsp;about the trial from when the pre-trial filings dropped, you may notice that I was a bit confused about what precisely Epic’s game was here. The foundation of their entire argument — that iOS was a market unto itself — was novel, to say the least. At least one of their lawyers must have informed them of the low likelihood of success on their main claims. Moreover, they burned a lot of pages on arguments not central to their case, but seem more geared towards tarnishing Apple’s reputation.</p>\n<p>My current understanding is that this case was a publicity stunt. What’s more, it worked. The point was to get this issue into the public conversation. Here I am writing about it, and here you are reading about it. But more importantly, the tide is turning in Washington, and I think the issues raised by this trial have accelerated that.</p>\n<p><b>The Anti-Steering Rule</b></p>\n<p>Like many of the App Store rules, the anti-steering rule was part of a multi-year whack-a-mole process where developers tried to find ways to cut out Apple, and Apple closed those holes. Apple fought very hard to keep this rule, but now seems to be capitulating. They settled with Japanese regulators recently on the anti-steering rules as it applied to media subscription apps, and applied the settlement to the rest of the world as well, maybe in anticipation of this ruling. With the Epic ruling, the anti-steering rule is gone.</p>\n<p>When a game developer like Epic sells their virtual currency on the App Store, they have a 30% payment fee. When they make the same transaction on their website, it is probably under 3%. This was always what this was about. Epic wanted to have their own in-app payment system to supersede Apple’s, without the friction of sending people to the website. Judge Rogers rejected that, but gave Epic a partial victory by banning Apple’s anti-steering rules.</p>\n<p>The anti-steering rules prevented app developers from having text and links to their own much less expensive in-app payments or subscriptions on their websites. This is a real loss for Apple, and puts the whole structure of the two most lucrative payment methods in the App Store at risk.</p>\n<p>Let’s say a gaming company pays a 2.5% processing fee on their website. That means they have 27.5 percentage points of marketing to play with. They could give that entire 27.5% to users in the form of a rebate or freebies. It certainly increases friction to have to leave a game you're having fun with, but if there is a big, friendly, dark-patterned button that says “Want free money?” I think a lot of people would tap that button. What’s more, they get to book the same amount in revenue, and stick the cost down in sales and marketing.</p>\n<p>That’s just one example of how companies may decide to go with this. That’s a lot of margin to play with. The reason Apple had this rule in the first place is that they feared someone would find the magic formula that would provide more revenue by eschewing in-app payments altogether, and everyone else would copy them. They had fought very hard to keep this rule for a reason.</p>\n<p>Just after the news broke, a friend who knows&nbsp;I own both stocks&nbsp;trolled me with this Bloomberg Terminal screenshot:</p>\n<p><img src=\"https://static.tigerbbs.com/78570d7ae73401a933b2359f3dcd47da\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"></p>\n<p>Roblox(NYSE:RBLX)is a pure-play mobile gaming company. The vast majority of their revenues come from in-app payments from iOS and Android, the rest from their website sales. Their cost-of-revenues almost all goes to Apple and Google. In the TTM, they had a 74.4% gross margin. If they pay a 2.5% processing fee for website sales, that means 84% of their transaction value was through iOS and Android. If they could get that to 50-50, that would raise all their margins down to EBT by 10 percentage points. If they could get to 73% of sales on the website, they would have a 90% gross margin.</p>\n<p>There is a lot of money at stake, and a huge incentive for gaming and subscription media companies to figure out how to thread this needle. And that’s all in the absence of further action by the other two branches of government.</p>\n<p><b>The Executive Branch</b></p>\n<p>This is a good place to discuss the theoretical underpinnings of the new antitrust movement, because two of its leaders now work in the Biden administration. The movement is sometimes referred to as the “neo-Brandeis” movement after Supreme Court Justice Louis Brandeis, because it harkens back to a much earlier era of antitrust enforcement that drastically changed in the 1980s.</p>\n<p>In 1978, Robert Bork (yes,that Robert Bork) wrote a very influential book called&nbsp;<i>The Antitrust Paradox</i>. His theory urged a refocusing of enforcement away from competition, and towards consumer benefit as the main test. He argued that antitrust enforcement was propping up smaller, less efficient companies to the detriment of the economy.</p>\n<p>The 1982 AT&amp;T breakup consent decree became the prototype for the new enforcement. By controlling local and long distance telecommunication, as well as the equipment, AT&amp;T had been underinvesting and overcharging for decades. Their breakup brought an explosion of investment into telecommunications, and brought down prices quickly for landline service and equipment. That became the limit of antitrust enforcement.</p>\n<p>But the focus on consumer benefit has affected competition, and that’s what the neo-Brandeis movement hopes to change. They want antitrust enforcement to return to the way it was a century ago, with more of a focus on how large companies affect competition. Lina Khan, a law professor at Columbia, now runs the FTC, the primary antitrust enforcer in the federal government. Her 2017 law review article, “Amazon’s Antitrust Paradox” was the spark that lit this fire. Her colleague at Columbia Law, Tim Wu, is also one of the leaders of this movement. He is a member of the White House Council of Economic Advisors, and his fingerprints are all over&nbsp;the July competition executive order.</p>\n<p>The order was very wide ranging, with 72 initiatives covering 14 departments and agencies. Most of it does not relate to Apple, but it gives you an idea of the wide breadth of the order. As it relates to Apple:</p>\n<ul>\n <li>Right-to-repair is a huge threat to the other pillar of Services, AppleCare, which I estimate at 25%-30% of the segment. But more than that, it would change the way Apple makes devices. Apple squeezes out efficiency gains by attaching pooled memory directly to the main processor die, and by soldering storage into the motherboard. Both of these would likely be prohibited to them, and the devices would suffer.</li>\n <li>The FTC is two months into a yearlong frisk of the mobile app ecosystem. Based on previous writings, Lina Khan will likely recommend third party app stores, “sideloading” directly from the web, and an end to the in-app payments monopoly.</li>\n</ul>\n<p>Executive branch action is always subject to court challenges, and they can take very long to implement. But Congress can change the law in a single session. And they are already into that process.</p>\n<p><b>The Legislative Branch</b></p>\n<p>Since there are two houses of Congress, this issue is off on two tracks. The House Judiciary Committee recently passed a suite of bipartisan bills. Of the ones that I think have a good likelihood of passing the full House, here’s how it affects Apple:</p>\n<p>They would be required to allow third party app stores, sideloading, and third party payments in the Apple App Store.</p>\n<p>Restricting Apple’s ability to acquire smaller companies. In the past 6 years, Apple has bought around 100 companies, which works out to about one every three weeks on average. It looks like they had been accelerating since fiscal 2018, but then abruptly stopped in fiscal 2021. The reason is the new leader of the FTC.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a2fc9a2578663cc746fdb19ca19dea4c\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>The big bulge you see there in 2014 is the Beats acquisition at $3 billion, which remains the exception. Otherwise, Apple buys very small companies for tens or hundreds of millions, usually shuts down any products they may have, and absorbs the talent and IP into Apple proper. Apple’s chip design unit, a cornerstone of their current success, began this way in 2008.</p>\n<p><b>No more private APIs.</b>This would mean everything, like the Apple Pay-enabling NFC chip, would be open to competitors.</p>\n<p><b>No more discriminatory rules.</b>Apple doesn’t force real-world product and service providers like Uber(NYSE:UBER)to use in-app payments. Apple would either have to try and get Uber to pay them 30%, or drop the requirement altogether.</p>\n<p><b>The end of the Google search deal.</b>Google currently pays Apple a purported $12 billion a year to make Google the default search engine on iOS. This cash goes directly to EBT.</p>\n<p><b>They would have to expose more user data to developers.</b></p>\n<p><b>Formalizing the anti-steering decision.</b></p>\n<p><b>Anti-retaliation provision.</b>If these bills were law, Epic would still be on the App Store while they sued Apple.</p>\n<p>After the House is done wrangling over budget reconciliation, I think these bills will hit the House floor this fall or winter, and I think that they have a high likelihood of passing in something like their current form.</p>\n<p>But bills also have to clear the Senate, and they move slower. Things are just getting started there. The big movers in the Senate are Amy Klobuchar of Minnesota and Mike Lee of Utah. Klobuchar has&nbsp;written a long book&nbsp;on the subject, and it is not friendly towards Apple. She has also authored a new bill, Open App Markets Act. It is more narrow than the House suite, but not by much. It would still force Apple to allow third party app stores, sideloading, and third party in-app payments. They would also have to get rid of their private APIs. The bill is narrower than the House suite, and less of a threat to Apple, but still would mean the end of App Store as a driver of growth.<i>The Senate bill is the better outcome for Apple, and it is still terrible.</i></p>\n<p>I believe that we will see something pass before the next Presidential election, or even in this Congressional session. The best Apple shareholders can hope for is that the final bill gets watered down considerably.</p>\n<p><b>Outside The US</b></p>\n<p>This is in no way limited to the US. We already discussed the Japanese settlement, and South Korea is forcing Apple and Google to allow third party in-app payments. The case that is farthest along in the EU is Spotify’s, which would force Apple to not charge fees to competing services, so that means music, podcasts, games, video and fitness.</p>\n<p>The Chinese Communist Party remains the&nbsp;second biggest tail risk in the world&nbsp;after climate change. Apple’s regulatory risk there is uniquely high, both on the supply and demand sides. Apple has already given into them by not providing their Chinese customers with the same level of privacy as everyone else. With the mood in China right now, who knows where that goes.</p>\n<p><b>What Losing Control Of App Store Looks Like</b></p>\n<p>Stone Fox Capital here at Seeking Alpha is&nbsp;out with an article&nbsp;pivoting off Katy Huberty's estimation of a 2% earnings loss if the top 20 apps on the App Store were able to eschew in-app payments. Stone Fox would also like you to care about that seemingly small number:</p>\n<blockquote>\n Apple won most of their legal case with Epic Games based on the ruling announced on September 10, but the tech giant lost the ultimate battle. The stock remains priced for perfection while the company continues to have growth paths chipped away from the business.\n</blockquote>\n<p>My last article on this subject was called “Chipping Away at App Store.” This is what is happening and the trend is now clear. There is a mood globally to take Apple down a peg, and it is happening too slowly for many people to realize it is happening.</p>\n<p>My own way of modeling the worst case is through my DCF model. It’s modeled as a 25% hit to Services in the first year, with services gross margin reduced from 68% to 65%, followed by a slightly increased growth rate in the segment because of composition effects — the rest of Services grows faster than App Store. I used to model that happening in fiscal 2024, but I have moved that up to fiscal 2023, beginning less than 13 months from now.</p>\n<p>Here is the effect on fair value on my base case:</p>\n<p><img src=\"https://static.tigerbbs.com/94b635fe7a2473aafe36bd095a1206b6\" tg-width=\"640\" tg-height=\"352\" width=\"100%\" height=\"auto\"></p>\n<p>Even with the very slow start for the reason Stone Fox says — the share price has gotten way out ahead of cash flows — my base case still shows an 11% CAGR in fair value through the end of fiscal 2025. The App Store collapse takes that down to an 8% CAGR, 12% lower by 2025.</p>\n<p>Circling back, Stone Fox puts a button on this more succinctly than I can:</p>\n<blockquote>\n The key investor takeaway is that Apple has a bright future. The company will continue generating profits with operating cash flows topping $100 billion annually, but the tech giant will struggle to generate the growth needed to warrant the current stock price. The 2% hit to earnings might not seem meaningful, but the amount is very harmful to a stock priced for perfection.\n</blockquote>\n<p><b>How To Take This Seriously</b></p>\n<p>In my last article on this subject, someone cheekily replied in the comments, “‘Please take this seriously.’ What does that even mean?” That’s a good question. The first part of the answer is to stop pretending it’s not happening.</p>\n<p>“If your time horizon is short, now is a good time to take profits.” I have been using that phrase frequently since Apple hit $140. The last chart just formalizes it with math, but my opinion is that Apple will remain range-bound for some time, between $125 and $155, roughly. I still mean it: if your time horizon is short, now is a good time to take profits.</p>\n<p>But I also believe that no other company is as prepared for the future of technology, regardless of what that brings. That is a&nbsp;far longer discussion. I have been buying Apple shares on the dip since 2005, which is two splits ago. My last buy was in January 2019, when Apple reported that they would miss guidance for the first time in many years. At the time, the commentariat was telling me that Apple’s best days were behind them. I tried to explain that Apple was in a transitional phase, part of a strategy they launched around 2015 to focus more on the growth of the iPhone user base than sales. The strategy would pay off soon, I predicted, and it did in fiscal 2021. That seems like a very long time ago now.</p>\n<p>A consequence of buying the dip from 2005 to 2019 is that I own way too many Apple shares that I could never bring myself to sell. I am massively overweight Apple. There is a “What To Do With The Apple Shares” clause in my will. It is our largest asset, worth more than the house. That has not made me nervous until the last few months, when the tide seemed to start turning on Apple on this issue. I also used to be someone who did not take this threat seriously. I am going to start shaving my position as opportunities present themselves, and one may happen this week with the iPhone launch on Tuesday.</p>\n<p><i>To be clear, I will remain overweight Apple, just less so, and I remain bullish in the long term. But I no longer feel the safety I once did with this wildly overweight position.</i></p>\n<p>In contrast, if you are a long term investor who does not have a massively overweight position, watch, wait and fight confirmation bias every day. If you think this begins and ends with Epic, you haven’t been paying attention.</p>\n<p>Please take this seriously.</p>\n<p>I will be back in a few days with hopefully happier news from the iPhone launch on Tuesday. The big question is whether Apple can begin shipping iPhone before the quarter is out.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple App Store: The Tide Is Turning</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\">\nApple App Store: The Tide Is Turning\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 23:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4454891-apple-app-store-the-tide-is-turning><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nA US Federal District Court judge has ruled mostly in Apple’s favor in their case with Epic Games.\nDespite that, and in conjunction with a recent settlement with Japanese regulators, Apple ...</p>\n\n<a href=\"https://seekingalpha.com/article/4454891-apple-app-store-the-tide-is-turning\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4454891-apple-app-store-the-tide-is-turning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171919128","content_text":"Summary\n\nA US Federal District Court judge has ruled mostly in Apple’s favor in their case with Epic Games.\nDespite that, and in conjunction with a recent settlement with Japanese regulators, Apple will be getting rid of their anti-steering rule. This is a bigger change than people think.\nThe threat to Apple doesn't end with the Epic trial. There are bigger threats coming from the executive and legislative branches in the US, and regulators in Europe and Asia.\n\nChip Somodevilla/Getty Images News\nIt Does Not End Here\nFor some time now, I have been warning that antitrust law was about to change, and these changes would not be favorable to Apple(NASDAQ:AAPL), and that investors need to take these threats seriously. In every one of these attempts, I was rebuffed in the comments by many Apple shareholders telling me that these fears and warnings were overblown. “Long and strong AAPL!” cheerleading seems to be popular.Confirmation bias is a strong thing, and you should fight it every single day.\nMy last attempt was less than two weeks ago, and I was similarly dismissed, and even accused of being a short-selling tout to boot. That last suggestion is pretty funny to anyone who has had to listen to me drone on about Apple stock the last 16 years. The consequence of those 16 years is that I have a lot of Apple stock, so I take things like this very seriously.\nFriday’s decision in Epic v. Apple had one part very bad news for Apple, but mostly a rejection of Epic’s main claim — that iOS is a market unto itself. But the bigger threat continues to be from Congress, where they can change the law in a single session. The House has already passed several bipartisan bills through committee, and three of them seem to have pretty wide support with the rest of the House. A narrower, but just as damaging companion bill is about to start working its way through the Senate. Keep your eyes on Amy Klobuchar of Minnesota and Mike Lee of Utah.\nThen we have regulatory action in the EU, Apple’s second most important region, where antitrust enforcers are siding with Spotify(NYSE:SPOT)in their dispute over in-app payments. Apple has already settled with Japan over their anti-steering rules. South Korea is forcing Apple and Google(NASDAQ:GOOGL)(NASDAQ:GOOG)to allow third-party in-app payments. China is a black hole of regulatory mystery.\nThe tide is turning on Apple on this issue. If you think this begins and ends with the Epic case, you haven’t been paying attention.\nRight now the threat is confined to App Store, but this is the end of the beginning, not the beginning of the end. This new antitrust movement may come for other parts of Apple, like the other pillar of their fast-growing Services segment, AppleCare, and even dig deeper into the way Apple likes to do business.\nWhat The Ruling Says\nJudge Yvonne Gonzalez Rogers hewed very closely to existing law, because that’s what usually happens in District Court, the lowest level of the federal system. She mostly had bad news for Epic, and targeted bad news for Apple.\nThe case rested on how the court defined the “relevant market” in question. Epic wanted it to be iOS, a market unto itself because of the high walls Apple builds around the ecosystem. Judge Rogers rejected that novel claim pretty handily. But she also rejected Apple’s definition: all gaming transactions, including PCs and consoles. She settled on mobile gaming transactions, so essentially the iOS-Android duopoly of mobile gaming transactions.\nHere is the meat of the decision that follows from that:\n\n Given the trial record, the Court cannot ultimately conclude that Apple is a monopolist under either federal or state antitrust laws. While the Court finds that Apple enjoys considerable market share of over 55% and extraordinarily high profit margins, these factors alone do not show antitrust conduct. Success is not illegal…\n\n\n Nonetheless, the trial did show that Apple is engaging in anticompetitive conduct under California’s competition laws. The Court concludes that Apple’s anti-steering provisions hide critical information from consumers and illegally stifle consumer choice. When coupled with Apple’s incipient antitrust violations, these anti-steering provisions are anticompetitive and a nationwide remedy to eliminate those provisions is warranted.\n\nThe most important thing to note here is that the problem for Apple is California law, not federal law. Federal law changing is where the real threat remains, and we are already well into that process.\nJudge Rogers ruled that Apple has to get rid of their anti-steering rules. App developers will now be allowed to inform users of less expensive options on their website, with a link. We’ll talk about the implications in a moment. Apple charges developers 30% for in-app payments, and the first year of in-app subscriptions (15% thereafter). In-app payments and subscriptions are substantially where all of App Store revenue comes from, about 28% of the Services segment and 5.4% of all revenue in calendar 2020.\nAlso, in the category of rounding errors, Epic has to pay Apple the $3.6 million they owe them when they breached their contract. That’s about 0.001% of Apple’s 2021 top line.\nEpic’s Game\nIf you read my first article about the trial from when the pre-trial filings dropped, you may notice that I was a bit confused about what precisely Epic’s game was here. The foundation of their entire argument — that iOS was a market unto itself — was novel, to say the least. At least one of their lawyers must have informed them of the low likelihood of success on their main claims. Moreover, they burned a lot of pages on arguments not central to their case, but seem more geared towards tarnishing Apple’s reputation.\nMy current understanding is that this case was a publicity stunt. What’s more, it worked. The point was to get this issue into the public conversation. Here I am writing about it, and here you are reading about it. But more importantly, the tide is turning in Washington, and I think the issues raised by this trial have accelerated that.\nThe Anti-Steering Rule\nLike many of the App Store rules, the anti-steering rule was part of a multi-year whack-a-mole process where developers tried to find ways to cut out Apple, and Apple closed those holes. Apple fought very hard to keep this rule, but now seems to be capitulating. They settled with Japanese regulators recently on the anti-steering rules as it applied to media subscription apps, and applied the settlement to the rest of the world as well, maybe in anticipation of this ruling. With the Epic ruling, the anti-steering rule is gone.\nWhen a game developer like Epic sells their virtual currency on the App Store, they have a 30% payment fee. When they make the same transaction on their website, it is probably under 3%. This was always what this was about. Epic wanted to have their own in-app payment system to supersede Apple’s, without the friction of sending people to the website. Judge Rogers rejected that, but gave Epic a partial victory by banning Apple’s anti-steering rules.\nThe anti-steering rules prevented app developers from having text and links to their own much less expensive in-app payments or subscriptions on their websites. This is a real loss for Apple, and puts the whole structure of the two most lucrative payment methods in the App Store at risk.\nLet’s say a gaming company pays a 2.5% processing fee on their website. That means they have 27.5 percentage points of marketing to play with. They could give that entire 27.5% to users in the form of a rebate or freebies. It certainly increases friction to have to leave a game you're having fun with, but if there is a big, friendly, dark-patterned button that says “Want free money?” I think a lot of people would tap that button. What’s more, they get to book the same amount in revenue, and stick the cost down in sales and marketing.\nThat’s just one example of how companies may decide to go with this. That’s a lot of margin to play with. The reason Apple had this rule in the first place is that they feared someone would find the magic formula that would provide more revenue by eschewing in-app payments altogether, and everyone else would copy them. They had fought very hard to keep this rule for a reason.\nJust after the news broke, a friend who knows I own both stocks trolled me with this Bloomberg Terminal screenshot:\n\nRoblox(NYSE:RBLX)is a pure-play mobile gaming company. The vast majority of their revenues come from in-app payments from iOS and Android, the rest from their website sales. Their cost-of-revenues almost all goes to Apple and Google. In the TTM, they had a 74.4% gross margin. If they pay a 2.5% processing fee for website sales, that means 84% of their transaction value was through iOS and Android. If they could get that to 50-50, that would raise all their margins down to EBT by 10 percentage points. If they could get to 73% of sales on the website, they would have a 90% gross margin.\nThere is a lot of money at stake, and a huge incentive for gaming and subscription media companies to figure out how to thread this needle. And that’s all in the absence of further action by the other two branches of government.\nThe Executive Branch\nThis is a good place to discuss the theoretical underpinnings of the new antitrust movement, because two of its leaders now work in the Biden administration. The movement is sometimes referred to as the “neo-Brandeis” movement after Supreme Court Justice Louis Brandeis, because it harkens back to a much earlier era of antitrust enforcement that drastically changed in the 1980s.\nIn 1978, Robert Bork (yes,that Robert Bork) wrote a very influential book called The Antitrust Paradox. His theory urged a refocusing of enforcement away from competition, and towards consumer benefit as the main test. He argued that antitrust enforcement was propping up smaller, less efficient companies to the detriment of the economy.\nThe 1982 AT&T breakup consent decree became the prototype for the new enforcement. By controlling local and long distance telecommunication, as well as the equipment, AT&T had been underinvesting and overcharging for decades. Their breakup brought an explosion of investment into telecommunications, and brought down prices quickly for landline service and equipment. That became the limit of antitrust enforcement.\nBut the focus on consumer benefit has affected competition, and that’s what the neo-Brandeis movement hopes to change. They want antitrust enforcement to return to the way it was a century ago, with more of a focus on how large companies affect competition. Lina Khan, a law professor at Columbia, now runs the FTC, the primary antitrust enforcer in the federal government. Her 2017 law review article, “Amazon’s Antitrust Paradox” was the spark that lit this fire. Her colleague at Columbia Law, Tim Wu, is also one of the leaders of this movement. He is a member of the White House Council of Economic Advisors, and his fingerprints are all over the July competition executive order.\nThe order was very wide ranging, with 72 initiatives covering 14 departments and agencies. Most of it does not relate to Apple, but it gives you an idea of the wide breadth of the order. As it relates to Apple:\n\nRight-to-repair is a huge threat to the other pillar of Services, AppleCare, which I estimate at 25%-30% of the segment. But more than that, it would change the way Apple makes devices. Apple squeezes out efficiency gains by attaching pooled memory directly to the main processor die, and by soldering storage into the motherboard. Both of these would likely be prohibited to them, and the devices would suffer.\nThe FTC is two months into a yearlong frisk of the mobile app ecosystem. Based on previous writings, Lina Khan will likely recommend third party app stores, “sideloading” directly from the web, and an end to the in-app payments monopoly.\n\nExecutive branch action is always subject to court challenges, and they can take very long to implement. But Congress can change the law in a single session. And they are already into that process.\nThe Legislative Branch\nSince there are two houses of Congress, this issue is off on two tracks. The House Judiciary Committee recently passed a suite of bipartisan bills. Of the ones that I think have a good likelihood of passing the full House, here’s how it affects Apple:\nThey would be required to allow third party app stores, sideloading, and third party payments in the Apple App Store.\nRestricting Apple’s ability to acquire smaller companies. In the past 6 years, Apple has bought around 100 companies, which works out to about one every three weeks on average. It looks like they had been accelerating since fiscal 2018, but then abruptly stopped in fiscal 2021. The reason is the new leader of the FTC.\nData by YCharts\nThe big bulge you see there in 2014 is the Beats acquisition at $3 billion, which remains the exception. Otherwise, Apple buys very small companies for tens or hundreds of millions, usually shuts down any products they may have, and absorbs the talent and IP into Apple proper. Apple’s chip design unit, a cornerstone of their current success, began this way in 2008.\nNo more private APIs.This would mean everything, like the Apple Pay-enabling NFC chip, would be open to competitors.\nNo more discriminatory rules.Apple doesn’t force real-world product and service providers like Uber(NYSE:UBER)to use in-app payments. Apple would either have to try and get Uber to pay them 30%, or drop the requirement altogether.\nThe end of the Google search deal.Google currently pays Apple a purported $12 billion a year to make Google the default search engine on iOS. This cash goes directly to EBT.\nThey would have to expose more user data to developers.\nFormalizing the anti-steering decision.\nAnti-retaliation provision.If these bills were law, Epic would still be on the App Store while they sued Apple.\nAfter the House is done wrangling over budget reconciliation, I think these bills will hit the House floor this fall or winter, and I think that they have a high likelihood of passing in something like their current form.\nBut bills also have to clear the Senate, and they move slower. Things are just getting started there. The big movers in the Senate are Amy Klobuchar of Minnesota and Mike Lee of Utah. Klobuchar has written a long book on the subject, and it is not friendly towards Apple. She has also authored a new bill, Open App Markets Act. It is more narrow than the House suite, but not by much. It would still force Apple to allow third party app stores, sideloading, and third party in-app payments. They would also have to get rid of their private APIs. The bill is narrower than the House suite, and less of a threat to Apple, but still would mean the end of App Store as a driver of growth.The Senate bill is the better outcome for Apple, and it is still terrible.\nI believe that we will see something pass before the next Presidential election, or even in this Congressional session. The best Apple shareholders can hope for is that the final bill gets watered down considerably.\nOutside The US\nThis is in no way limited to the US. We already discussed the Japanese settlement, and South Korea is forcing Apple and Google to allow third party in-app payments. The case that is farthest along in the EU is Spotify’s, which would force Apple to not charge fees to competing services, so that means music, podcasts, games, video and fitness.\nThe Chinese Communist Party remains the second biggest tail risk in the world after climate change. Apple’s regulatory risk there is uniquely high, both on the supply and demand sides. Apple has already given into them by not providing their Chinese customers with the same level of privacy as everyone else. With the mood in China right now, who knows where that goes.\nWhat Losing Control Of App Store Looks Like\nStone Fox Capital here at Seeking Alpha is out with an article pivoting off Katy Huberty's estimation of a 2% earnings loss if the top 20 apps on the App Store were able to eschew in-app payments. Stone Fox would also like you to care about that seemingly small number:\n\n Apple won most of their legal case with Epic Games based on the ruling announced on September 10, but the tech giant lost the ultimate battle. The stock remains priced for perfection while the company continues to have growth paths chipped away from the business.\n\nMy last article on this subject was called “Chipping Away at App Store.” This is what is happening and the trend is now clear. There is a mood globally to take Apple down a peg, and it is happening too slowly for many people to realize it is happening.\nMy own way of modeling the worst case is through my DCF model. It’s modeled as a 25% hit to Services in the first year, with services gross margin reduced from 68% to 65%, followed by a slightly increased growth rate in the segment because of composition effects — the rest of Services grows faster than App Store. I used to model that happening in fiscal 2024, but I have moved that up to fiscal 2023, beginning less than 13 months from now.\nHere is the effect on fair value on my base case:\n\nEven with the very slow start for the reason Stone Fox says — the share price has gotten way out ahead of cash flows — my base case still shows an 11% CAGR in fair value through the end of fiscal 2025. The App Store collapse takes that down to an 8% CAGR, 12% lower by 2025.\nCircling back, Stone Fox puts a button on this more succinctly than I can:\n\n The key investor takeaway is that Apple has a bright future. The company will continue generating profits with operating cash flows topping $100 billion annually, but the tech giant will struggle to generate the growth needed to warrant the current stock price. The 2% hit to earnings might not seem meaningful, but the amount is very harmful to a stock priced for perfection.\n\nHow To Take This Seriously\nIn my last article on this subject, someone cheekily replied in the comments, “‘Please take this seriously.’ What does that even mean?” That’s a good question. The first part of the answer is to stop pretending it’s not happening.\n“If your time horizon is short, now is a good time to take profits.” I have been using that phrase frequently since Apple hit $140. The last chart just formalizes it with math, but my opinion is that Apple will remain range-bound for some time, between $125 and $155, roughly. I still mean it: if your time horizon is short, now is a good time to take profits.\nBut I also believe that no other company is as prepared for the future of technology, regardless of what that brings. That is a far longer discussion. I have been buying Apple shares on the dip since 2005, which is two splits ago. My last buy was in January 2019, when Apple reported that they would miss guidance for the first time in many years. At the time, the commentariat was telling me that Apple’s best days were behind them. I tried to explain that Apple was in a transitional phase, part of a strategy they launched around 2015 to focus more on the growth of the iPhone user base than sales. The strategy would pay off soon, I predicted, and it did in fiscal 2021. That seems like a very long time ago now.\nA consequence of buying the dip from 2005 to 2019 is that I own way too many Apple shares that I could never bring myself to sell. I am massively overweight Apple. There is a “What To Do With The Apple Shares” clause in my will. It is our largest asset, worth more than the house. That has not made me nervous until the last few months, when the tide seemed to start turning on Apple on this issue. I also used to be someone who did not take this threat seriously. I am going to start shaving my position as opportunities present themselves, and one may happen this week with the iPhone launch on Tuesday.\nTo be clear, I will remain overweight Apple, just less so, and I remain bullish in the long term. But I no longer feel the safety I once did with this wildly overweight position.\nIn contrast, if you are a long term investor who does not have a massively overweight position, watch, wait and fight confirmation bias every day. If you think this begins and ends with Epic, you haven’t been paying attention.\nPlease take this seriously.\nI will be back in a few days with hopefully happier news from the iPhone launch on Tuesday. The big question is whether Apple can begin shipping iPhone before the quarter is out.","news_type":1},"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880694514,"gmtCreate":1631053025138,"gmtModify":1676530451205,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"buy<a href=\"https://laohu8.com/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>","listText":"buy<a href=\"https://laohu8.com/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>","text":"buy$DiDi Global Inc.(DIDI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880694514","repostId":"817455241","repostType":1,"repost":{"id":817455241,"gmtCreate":1630982859979,"gmtModify":1676530434269,"author":{"id":"3527667596890271","authorId":"3527667596890271","name":"Buy_Sell","avatar":"https://static.tigerbbs.com/a5f0ed79a338c758a22e0b4ea13bf9d2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667596890271","idStr":"3527667596890271"},"themes":[],"title":"?【9月7日】美股昨夜休市，港股今日高開，今天買什麼？","htmlText":"聊聊今日份的交易想法，包括對於大盤走勢後續的看法？看漲/看跌哪隻股票、曬曬單等等。 港股市場 9月7日訊，港股三大指數集體高開，恆指漲0.17%報26207點，國指漲0.16%報9386點，恆生科技指數漲0.52%報6814點。盤面上，國內煤炭期貨開盤大漲，<a target=\"_blank\" href=\"https://laohu8.com/S/01898\">$中煤能源(01898)$</a> 高開1.75%，<a target=\"_blank\" href=\"https://laohu8.com/S/01088\">$中國神華(01088)$</a> 漲0.9%；內房股、鋁業股表現強勢，<a target=\"_blank\" href=\"https://laohu8.com/S/02600\">$中國鋁業(02600)$</a> 漲超2%；深圳前海合作區大擴容，<a target=\"_blank\" href=\"https://laohu8.com/S/00152\">$深圳國際(00152)$</a> 漲近4%，深圳控股漲超3%；大型科技股普漲，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美團-W(03690)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集團-SW(09888)$</a> 漲1.4%，騰訊漲1%，<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09618\">$京東集團-SW(09618)$</a> 小幅高開；生物醫藥下跌明顯，電力","listText":"聊聊今日份的交易想法，包括對於大盤走勢後續的看法？看漲/看跌哪隻股票、曬曬單等等。 港股市場 9月7日訊，港股三大指數集體高開，恆指漲0.17%報26207點，國指漲0.16%報9386點，恆生科技指數漲0.52%報6814點。盤面上，國內煤炭期貨開盤大漲，<a target=\"_blank\" href=\"https://laohu8.com/S/01898\">$中煤能源(01898)$</a> 高開1.75%，<a target=\"_blank\" href=\"https://laohu8.com/S/01088\">$中國神華(01088)$</a> 漲0.9%；內房股、鋁業股表現強勢，<a target=\"_blank\" href=\"https://laohu8.com/S/02600\">$中國鋁業(02600)$</a> 漲超2%；深圳前海合作區大擴容，<a target=\"_blank\" href=\"https://laohu8.com/S/00152\">$深圳國際(00152)$</a> 漲近4%，深圳控股漲超3%；大型科技股普漲，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美團-W(03690)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集團-SW(09888)$</a> 漲1.4%，騰訊漲1%，<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09618\">$京東集團-SW(09618)$</a> 小幅高開；生物醫藥下跌明顯，電力","text":"聊聊今日份的交易想法，包括對於大盤走勢後續的看法？看漲/看跌哪隻股票、曬曬單等等。 港股市場 9月7日訊，港股三大指數集體高開，恆指漲0.17%報26207點，國指漲0.16%報9386點，恆生科技指數漲0.52%報6814點。盤面上，國內煤炭期貨開盤大漲，$中煤能源(01898)$ 高開1.75%，$中國神華(01088)$ 漲0.9%；內房股、鋁業股表現強勢，$中國鋁業(02600)$ 漲超2%；深圳前海合作區大擴容，$深圳國際(00152)$ 漲近4%，深圳控股漲超3%；大型科技股普漲，$美團-W(03690)$ 、$百度集團-SW(09888)$ 漲1.4%，騰訊漲1%，$阿里巴巴-SW(09988)$ 、$京東集團-SW(09618)$ 小幅高開；生物醫藥下跌明顯，電力","images":[{"img":"https://static.tigerbbs.com/8eb78770aab19e4545f8e5f25ed9867a","width":"299","height":"168"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817455241","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"subType":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897476792,"gmtCreate":1628982601416,"gmtModify":1676529901451,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>like","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>like","text":"$Facebook(FB)$like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897476792","repostId":"1196685545","repostType":4,"repost":{"id":"1196685545","pubTimestamp":1628902806,"share":"https://ttm.financial/m/news/1196685545?lang=&edition=fundamental","pubTime":"2021-08-14 09:00","market":"us","language":"en","title":"Why Facebook Can More Than Triple From Here","url":"https://stock-news.laohu8.com/highlight/detail?id=1196685545","media":"seekingalpha","summary":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on funda","content":"<p><b>Summary</b></p>\n<ul>\n <li>Facebook is undervalued under current market conditions.</li>\n <li>Our projections are based on fundamental factors.</li>\n <li>Facebook is a top-quality tech stock.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a92bd1805e2e464efa5a04aa1ba20306\" tg-width=\"768\" tg-height=\"509\" width=\"100%\" height=\"auto\"><span>Urupong/iStock via Getty Images</span></p>\n<p><i>Note: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.</i></p>\n<p>Previously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.</p>\n<p><b>Valuation</b></p>\n<p>To value Facebook, we will first need to determine three things:</p>\n<ol>\n <li>Reinvestment rate</li>\n <li>Revenue-to-capital ratio</li>\n <li>Incremental revenue to capital</li>\n</ol>\n<p>For Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&amp;A because it is considered maintenance capex which doesn't contribute to growth.</p>\n<p>Next, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c301a8c6593bdb466b41eeedad77431d\" tg-width=\"640\" tg-height=\"79\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>As you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).</p>\n<p>Our projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:</p>\n<p><img src=\"https://static.tigerbbs.com/68b34dd807013a1cdb07092d7820d86c\" tg-width=\"640\" tg-height=\"490\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9927f1942fffea9ca8efb85933816f54\" tg-width=\"640\" tg-height=\"171\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>Forecast Assumptions For Above Image</b></p>\n<ul>\n <li>Gross profit leverage averaged 0.93 in the past several years.</li>\n <li>For operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.</li>\n <li>Set all the margins under \"supporting calculations\" to their historical averages.</li>\n</ul>\n<p>Plugging these numbers into a discounted cash flow, we get the following result:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdec27cc8ad91c3458a79b6eebc1a3a0\" tg-width=\"640\" tg-height=\"302\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Since Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.</p>\n<p>Since discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.</p>\n<p><img src=\"https://static.tigerbbs.com/a5c7f7656217a04716ef93115a25cf78\" tg-width=\"534\" tg-height=\"269\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Therefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.</p>\n<p><b>Risks</b></p>\n<p>There are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.</p>\n<p>The second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.</p>\n<p><b>Final Thoughts</b></p>\n<p>Facebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Facebook Can More Than Triple From Here</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\">\nWhy Facebook Can More Than Triple From Here\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-14 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This ...</p>\n\n<a href=\"https://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential\">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://seekingalpha.com/article/4449319-facebook-has-29-percent-upside-potential","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196685545","content_text":"Summary\n\nFacebook is undervalued under current market conditions.\nOur projections are based on fundamental factors.\nFacebook is a top-quality tech stock.\n\nUrupong/iStock via Getty Images\nNote: This article was amended on 8/13/2021 to reflect a correction in the share count used in the DCF.\nPreviously, we had written an article titled,Facebook: The Best 'Fangma' Stock To Buy Right Now, Quantitatively Speaking. We highlighted some major factors that separate FacebookInc. (FB) from the rest and suggest you check it out. Although we performed a relative valuation for all six companies in that article, we wanted to write a follow-up to calculate the intrinsic value of Facebook. Facebook is currently undervalued using projections that are based purely on fundamental factors.\nValuation\nTo value Facebook, we will first need to determine three things:\n\nReinvestment rate\nRevenue-to-capital ratio\nIncremental revenue to capital\n\nFor Facebook, the reinvestment rate will be the sum of research and development, marketing, capital expenditures, and change in net working capital, subtracted by depreciation and amortization. We subtract D&A because it is considered maintenance capex which doesn't contribute to growth.\nNext, we will calculate both the revenue-to-capital ratio and the incremental revenue-to-capital ratio. The former measures how much revenue the company can generate for each dollar invested. The latter measures the same thing except it focuses on the new revenue generated by new investments.\nSource: Author\nAs you can see, Facebook's revenue to capital has been trending upwards. This is because newer investments have been performing better than older ones. For our calculations, we will use the most recent numbers for the next twelve-month calculations. For calculations that are beyond, we use the 5-year averages of both which are 67.99% (revenue to capital) and 80.18% (incremental revenue to capital).\nOur projections estimate revenue growth rate by multiplying reinvestment rate as a percentage of revenue by the revenue-to-capital ratio. The results are as follows:\n\nSource: Author\nForecast Assumptions For Above Image\n\nGross profit leverage averaged 0.93 in the past several years.\nFor operating leverage, we took the median number from the past 5 years (1.18) and used it for 2022. We reduced this ratio over time.\nSet all the margins under \"supporting calculations\" to their historical averages.\n\nPlugging these numbers into a discounted cash flow, we get the following result:\nSource: Author\nSince Facebook has no interest-bearing debt, we set the cost and weight of debt to zero. As you can see, with a risk-free rate of 1.37%, beta of 1.05 and an equity risk premium of 4.72%, the current discount rate is 6.33%. As a result, Facebook's valuation is approximately $1,205 per share under current conditions.\nSince discount rates are always changing, we made the following chart to demonstrate how the valuation changes under different conditions.\n\nTherefore, as an investor, it's up to you to decide which discount rate to use based on your methodology. We prefer using dynamic discount rates that change with the market. Using this approach explains why stocks continue to rise even though many believe we are in bubble territory. If market conditions can justify higher valuations, then that's where the prices will go. Nonetheless, there is a solid margin of safety with Facebook being undervalued even after substantial increases in discount rates.\nRisks\nThere are 2 main risks we see with Facebook. The first is based on discount rates which we touched on in our previous section. A dramatic increase in the risk-free rate or equity risk premium or both would lower the company's intrinsic value. Therefore, investors need to monitor those metrics carefully should they choose to use a dynamic discount rate as we do.\nThe second risk might be some form of government intervention that forces the company to divest its stake in Instagram or What's App. However, we believe that would actually benefit shareholders because it would allow the market to fully value those entities on their own. As a result, we believe such a scenario would unlock the hidden value of Instagram or What's App.\nFinal Thoughts\nFacebook is without a doubt a market leader that is currently undervalued. Although we don't expect our projections to be precise, we do consider them to be reasonable since they are based on fundamental factors. In addition, there is enough of a margin of safety between the intrinsic value and the current price to allow for modest amounts of variations in the actual outcomes. Therefore, we remain bullish on Facebook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807859560,"gmtCreate":1628031481550,"gmtModify":1703499761943,"author":{"id":"3586332417338594","authorId":"3586332417338594","name":"YangXH","avatar":"https://static.tigerbbs.com/2da16ba61657b694381bbd12971282c6","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586332417338594","idStr":"3586332417338594"},"themes":[],"htmlText":"Latest up","listText":"Latest up","text":"Latest up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807859560","repostId":"1171505764","repostType":4,"repost":{"id":"1171505764","pubTimestamp":1628004619,"share":"https://ttm.financial/m/news/1171505764?lang=&edition=fundamental","pubTime":"2021-08-03 23:30","market":"us","language":"en","title":"Apple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.","url":"https://stock-news.laohu8.com/highlight/detail?id=1171505764","media":"MarketWatch","summary":"Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted advertising.The decision has created the impression that Apple  is simply opposed to digital advertising. But that’s not actually the case. In fact, advertising is gradually becoming a material contributor to the company’s revenue base.In a research note Tuesday, Bernstein analystToni Sacconaghidoes a d","content":"<p>Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted advertising.</p>\n<p>The decision has created the impression that Apple (ticker: AAPL) is simply opposed to digital advertising. But that’s not actually the case. In fact, advertising is gradually becoming a material contributor to the company’s revenue base.</p>\n<p>In a research note Tuesday, Bernstein analystToni Sacconaghidoes a deep dive into Apple’s ad business. While the company doesn’t talk about the business much andprovides little disclosure, Sacconaghi estimates that Apple will generate about $3 billion in ad revenue in the September 2021 fiscal year, up from about $300 million in fiscal 2017. He thinks the total could grow to the $7 billion-to-$10 billion-a-year range by fiscal 2023 or 2024, boosting growth in Apple’s services business as much as three percentage points.</p>\n<p>Sacconaghi notes that most of Apple’s ad business is centered on search ads in the App Store. He says growth drivers in the business include the June addition of search ads in China, higher ad loads, and the introduction of banner ads to the store in May. He also points out that Apple generates modest revenue today—likely under $500 million a year—from ads in the Apple News and Stocks apps.</p>\n<p>There are other opportunities—including Apple Maps and Apple TV. Sacconaghi estimates that Google generates about $4 billion in ad revenue a year from Maps, with a user base about four times the size, suggesting $1 billion a year in potential ad revenue. And he says that the streaming-device companyRoku (ROKU)provides “a helpful precedent” for how Apple can generate revenue from Apple TV hardware—where he sees another $1 billion-plus opportunity.</p>\n<p>The analyst adds that Apple could place ads on other properties—like Apple Fitness+ and Garage Band—but that the adoption of advertising in applications like Apple Mail, Apple TV+, or Apple’s home screens likely would “irk consumers and undermine Apple’s strongly avowed stance on privacy.”</p>\n<p>Meanwhile, Sacconaghi says, Apple’s position on Identifier for Advertisers, or IDFA, offers the company some competitive advantages. “While we believe that Apple’s move to eliminate IDFA was done in the spirit of advancing consumer privacy, it may ultimately provide Apple with an advertising platform that is competitively advantaged vs. peers who don’t have access to Apple’s richer APIs,” he writes.</p>\n<p>The analyst notes thatAmazon.com‘s (AMZN) ad business was similar in size to Apple’s in 2017—and now has a run rate north of $25 billion and is a substantial part of the investment thesis on the stock. “Along similar lines, a large and growing advertising business could help Apple accelerate its overall Services growth rate, which would likely be viewed positively by investors,” he concludes.</p>\n<p>Apple shares were up 0.1%, at $145.72, in recent trading. TheS&amp;P 500was down fractionally.</p>","source":"market_watch","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>Apple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.</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\">\nApple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/apples-advertising-business-is-bigger-than-you-think-it-could-get-bigger-still-51628004419?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/apples-advertising-business-is-bigger-than-you-think-it-could-get-bigger-still-51628004419?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.marketwatch.com/articles/apples-advertising-business-is-bigger-than-you-think-it-could-get-bigger-still-51628004419?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1171505764","content_text":"Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted advertising.\nThe decision has created the impression that Apple (ticker: AAPL) is simply opposed to digital advertising. But that’s not actually the case. In fact, advertising is gradually becoming a material contributor to the company’s revenue base.\nIn a research note Tuesday, Bernstein analystToni Sacconaghidoes a deep dive into Apple’s ad business. While the company doesn’t talk about the business much andprovides little disclosure, Sacconaghi estimates that Apple will generate about $3 billion in ad revenue in the September 2021 fiscal year, up from about $300 million in fiscal 2017. He thinks the total could grow to the $7 billion-to-$10 billion-a-year range by fiscal 2023 or 2024, boosting growth in Apple’s services business as much as three percentage points.\nSacconaghi notes that most of Apple’s ad business is centered on search ads in the App Store. He says growth drivers in the business include the June addition of search ads in China, higher ad loads, and the introduction of banner ads to the store in May. He also points out that Apple generates modest revenue today—likely under $500 million a year—from ads in the Apple News and Stocks apps.\nThere are other opportunities—including Apple Maps and Apple TV. Sacconaghi estimates that Google generates about $4 billion in ad revenue a year from Maps, with a user base about four times the size, suggesting $1 billion a year in potential ad revenue. And he says that the streaming-device companyRoku (ROKU)provides “a helpful precedent” for how Apple can generate revenue from Apple TV hardware—where he sees another $1 billion-plus opportunity.\nThe analyst adds that Apple could place ads on other properties—like Apple Fitness+ and Garage Band—but that the adoption of advertising in applications like Apple Mail, Apple TV+, or Apple’s home screens likely would “irk consumers and undermine Apple’s strongly avowed stance on privacy.”\nMeanwhile, Sacconaghi says, Apple’s position on Identifier for Advertisers, or IDFA, offers the company some competitive advantages. “While we believe that Apple’s move to eliminate IDFA was done in the spirit of advancing consumer privacy, it may ultimately provide Apple with an advertising platform that is competitively advantaged vs. peers who don’t have access to Apple’s richer APIs,” he writes.\nThe analyst notes thatAmazon.com‘s (AMZN) ad business was similar in size to Apple’s in 2017—and now has a run rate north of $25 billion and is a substantial part of the investment thesis on the stock. “Along similar lines, a large and growing advertising business could help Apple accelerate its overall Services growth rate, which would likely be viewed positively by investors,” he concludes.\nApple shares were up 0.1%, at $145.72, in recent trading. TheS&P 500was down fractionally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}